♪ imus in the morning >> can you believe this? 16,000 on the dow? good morning, everyone. 14k february, 15k may, now, 16,000 november the 20th and gets better. the dow will go up just a little bit more. the opening bell today. to obamacare, they've delayed the enrollment date next year until after the election, you won't get sticker shock until after you voted. oh, how convenient? california says no to the president's fix, no, you can't go back to the plan you like in the formerly golden state. later, the full story about the years and traveled the world on your money claiming to be working for the cia. "varney & company" is about to begin.

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>> every morning we do this, we chronicle the rolling collapse of obamacare. two developments today. firstoff the administration announcing that next year's enrollment period will be pushed back one month from october 15th to november 15th. that will be one week after the mid term elections and that means that you get sticker shock after you voted. how convenient. two, california will not enact president obama's fix that would allow people to keep their health care plans saying all that fix does, is delay the inevitable. it's obamacare or nothing. that's right, obamacare. we still call it that, but the president and the democrats have changed their tune. listen to this. >> i like the term obamacare. we passed obamacare. yeah, i like the term. we passed it 'cause i do care. >> obamacare is on my list, i apologize mr. president, i use

that with all due respect. >> obamacare. >> obamacare. obamacare. obamacare. i feel it's working well until they call it obamacare, they'll call it something else. >> they're losing their existing plans under obamacare. >> obama crash, obamacare. obamacare fiasco. obamacare fiasco. never ending obamacare fiasco. obamacare, obamacare. >> the affordable care act. the affordable care act. the affordable care act. the affordable care act. the affordable care act. the affordable care act as i call it and always called it. [laughter] you've got to laugh today is friday. the media changing its tune as well. the covering of time, broken promises. the cover of the economist, the man who used to walk on water. maybe the tide really has turned. do you remember your password? you should log on and check your 401(k).

odds are you'll be happy if you have a chunk of the money in stocks. the dow closed about 16,000, who would have thought? a couple of minute's time you'll see your money grow some more. stay there and smile.

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♪ a jukebox hero >> that ain't no jukebox, that's the xbox. you saw me play the playstation 4. coming up we'll try out the xbox which goes on sale today. wait for it everybody, here it comes. right now, here is larry levin. you've been very much on target. hit 16k yesterday. how high are we going, be specific? >> i think we're going at least another couple hundred points on the dow before the end. month and only got the holiday shortened week next week, a few short trading days left and maybe 16,200, 16,250 in the dow before end of the month. i don't think really anything different. we did get a settlement above 16,000 yesterday. settlements are important closing prices. stuart: you've been specific and right in the past and we're holding you right there, larry. we'll check later.

i want to continue this with john layfield, he knows a thing or two about investing, live from bermuda, must know what he's talking about. john, is this party going to end anytime soon for stocks? >> no, i agree with larry, i don't know about 16-2, or 16-25 by the end of the month. he's a smart guy and right about 16,000, but i do see the market continuing to trend upward because there's no place else to put your money with what miss yellen the new fed chief is going to do. continuing ben bernanke's exact claim with the fed of easy money and the buybacks, the only place to put money right now, real or artificial is the market. stuart: we hear you, john, stay right there. come back to you in a moment. some individual stocks, actually first of all, look at the dow, from the futures i thought we were going up, 10, 20 points, but we're actually down about 8. and we're right there at 16,,000 dead on. pandora users they listen to more music, but the company

posted a loss. let's look at the stock, please. nicole: more users for more time. the stock is up 230% this year, they're doing something right. stuart: nicole, i want you to check the share price of gap, that's a company from my youth when i used to wear denims all the time. it's a charles pick and i understand they've got a nice forecast for the year. is that right? >> look, right now they did boost forecast. you see the stock is down 1% and they are the parent of not only the gap, but also banana republic and old navy, they usually break down the numbers per store to see how the sales are doing comparatively. stuart: thank you very much indeed. the dow is holding right there, a tad above 16k. dow component nike raised its dividend and the share price is up 50% this year, the dividend goes up and the stock is up another 1/2%, 78 on nike. back to john layfield. we want to ask you about a few stocks, starting with microsoft. everybody knows i've got microsoft stock. and i'm asking because the xbox

one hits the store shelves today and supposed to be a very, very dig big deal for microsoft, your thoughts on the stock. >> i think you own one of the best companies in the worldd they've got cash and 16 million in debt. and they're going to take a little loss probably in 2014, but that's a build out what they want to do. they have about 40 million gamers right now that pay up to $5 a month to pay xbox live. this is a huge portion of their business. and microsoft wants to own the living room and the question here is the living room still worth owning? because they've had a hard time with the migration to mobile. i think it is, and i think microsoft's a great company. i'm just a little worried about the valuation here. stuart: we hear you. i want to talk about yahoo!. they've got a big share buyback and investors are worrying if they're going to use the increased stock ownership to

buy maybe pinterest or snap chat. two companies i've heard mentioned. you're a fan of marisa mayer and what do you think about it. >> the stock is up 130% since she took over in 2012. and that's why i would stay away from it here. i don't think they have any chance of getting snap chat. they turned down just a $3 billion all cash offer from facebook. couple years ago turned down a $1 billion offer. i don't think that snap chat is for sale. pinterest might be. and yahoo! has a great acquisition strategy i think she learned at google. google has done wonderful things, look at youtube while she was there. i don't know for sure, but she may continue to make acquisitions, but at 130% up just over her tenure, i worry about valuation on this, too. stuart: that's a run-up and and a half, isn't it? >> yes. stuart: you worry about microsoft valuations and not

too keen on run-up after this. and stay up on the technology and tell me about twitter. the buzzer's died down a bit and it's in the low 40's, where to from here? >> i hate to be bearish on the companies, i love the companies. i think the valuations got ahead of themselves. the market is the only place to put your money and tech is the hottest sector in the market. twitter is almost 50 times revenue still and i just don't see that this stock. i think there's a lot of volatility in twitter. if you can get it in the low 30's, i think you buy the stock and this is a great, great company run by a great ceo and it's the future of what everything is going to, especially with television and the way the migration of social media interacts with live television. it's a great company, but i would buy it on a dip. stuart: back to the beach if you don't like all of that. a pleasure, always a pleasure, thanks for being with us. >> thank you. stuart: california's health care exchange board says no to

the enactment of the president's fix that would have allowed people to keep their insurance. look at that, is that a setback? i'm not sure, but they're saying, no, you cannot go back to the plan you like in the golden state. liz macdonald follows the story liz: california says we've worked hard to restructure the change to benefit consumers, however, milman, a consul tansy said that california residents are seeing premium spikes from 20% to 30% in health insurance costs right now so i'm not sure that the restructuring in the exchanges, you know, making it better for consumers, is actually panning out when it comes to those consumer buying. stuart: it doesn't make any difference for people in california. you can't, you can't go back. they say you can't go back to your old plan. even if you could, the price is up what, 27%, is that it? >> yeah, and 900,000 consumers in california have seen their policies canceled and that number is rising. so what they're doing, having to do is buying new plans, when they buy new plans, they're seeing the premiums spike

higher because of the government mandates like required coverage for maternity care and newborn care. stuart: let's be clear, in california, no, you cannot go back. you can only go forward on obamacare exchanges. >> that's right. stuart: when you go forward up goes the price. >> and nine states are saying, we're plowing ahead. we're not going to delay this. we're not going to allow the reinstatement of canceled policies and those 13 states are allowing the reinstatement for one year of canceled policies. honestly, everything is having it stuck to them. >> that's right. stuart: to nicole, biogen, it won protection for its ms drug in europe. any reaction on the stock? >> yeah, right, up 11 for a multiple sclerosis drug, it's a new substance and really could mean sales galore for biogen for ms. stuart: 11%, that's a whopping great big gain for a company like that. thank you. senate democrats, they were not-- they were kind of getting their

way so they changed the rules, altering the filibuster rule to bush through president obama's nominees, a move that the president senators now, but he didn't when he was in the senate. >> i sense the talk of the nuclear oppion is more about power than about fairness. i believe some of my colleagues proposed this rule change because they can get away with it rather than because they know it's good for our democrat i is. stuart: well, times have clearly changed, haven't they? joining us now is senator john hobin. senator from north dakota. thank you for joining us again. i wonder if you could put it in some perspective for our viewers. the expression being used is this is a turning point in american government, changing the filibuster rules, is that right? >> well, first off, this is obamacare two, an effort to change the focus, and it's done unilaterally. obamacare was pushed through with all democrat votes. this change for the senate

rules is being done with all democrat votes. and it's a bad idea. look, we need more bipartisanship, not less. now essentially the majority party in the senate can make a decision, they don't have to include any republicans. that's not good. stuart: well, i'm trying to figure out the principle impact here. it seems if you change the filibuster rules it means the d.c. court of appeals, this change in the filibuster rules will affect nominees to that secondmost powerful court in the land of the that's the immediate fallout and immediate impact, isn't it? >> exactly, stuart. that's not coincidental. it's not coincidental that the litigation in regard to obamacare would go to the d.c. circuit court. so clearly now, the president wants to make sure he gets his appointees on that court so he gets the decisions he wants. again, not good in erms it of how the system should work. stuart: so this is actually the change in the filibuster rules is related indirectly to obamacare, right? >> of course. of course.

if you look at the statistics, we've only denied two judicial nominations out of 215. he's getting his employments and getting them faster than president bush did. this is not about the fact that he wasn't getting his appointments confirmed, this is, again, about obamacare. stuart: not much you can do about it though, is there, sir? >> no because the democrats have the majority in the senate. this is a real concern for the future and i think the democrats need to think about it because they're not always going to be the majority party and again, we've got to have a system that works in a bipartisan way in order to get the american support behind it and further, this may distract from the obamacare discussion for a short period, but obamacare is something the americans are concerned about and it's going to be right back front and center. stuart: yes, sir, we call it a rolling collapse and it's still in place. senator john hoban north dakota, senator, we appreciate your time. stuart: liz you're dying to say something. >> this is an important move,

stuart because the d.c. court of appeals signs off on the administration's regulations and rules directly. that's a court that handles the administration's regulations and rules. stuart: in particular, it handled the epa rules affecting carbon emissions, this court which will now have appointees by the obama administration will pass judgment on the ep. a rules. that's going to be very important. >> and all the rules that come out, right. stuart: and all the rules. it goes on and on, a doesn't it? the playstation 4, that launched last week. the xbox one, that launches today. it's the battle, they say, for your living room. after the break, a live demo of the new xbox. will we see a repeat of this? >> so, yeah, there you go. >> what, what? it's moving, it's moving. >> moving around here. okay. >> here it is. >> oh look, look, look at that, oh, see? [laughter] thank you very much, everybody. (announcer) scottrade knows our clients trade

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>> friday morning and the price of gold is up three bucks. 1246 is your price. last week, sony released playstation 4. today, microsoft xbox hits the stores, which of these next generation consoles is going to come out on top. russ is back and he has the xbox hooked up in the studio. first question, playstation 4 versus xbox one. who do you think wins? >> if it's a question of who dominates the living room. xbox has got the heavy edge, plugging into every device. stuart: that's the name of the game, isn't it. >> yes. stuart: dominate the living room. >> they call it input one. the first input on your tv.

stuart: now, everything can be plugged into this. >> no, cable box, anything that has an hdmi. stuart: and if i stand here and you're going to stand here and tell this thing what to do. you control it by voice, everything. >> yeah. stuart: start. >> okay. so xbox go to settings. xbox, go to my games and apps. and those are the games that i have installed here. fairly easy. stuart: would it work for me? >> give it a shot. stuart: i'm going to see if the xbox one relates it a prince charles imitation. xbox, go home. >> try it again. stuart: xbox, go home. >> your accent might be too much for it. use your normal voice. stuart: all right, xbox go

home. >> see that? >> xbox, go to settings. let's get really go. xbox go to motor sport 5. >> there you go. look at that. stuart: now, where am i? >> you can pick up the controller here. stuart: oh. >> and this is, you can just move around the car. stuart: oh. >> and check it out for the motor sport 5 like the racing game on xbox and hit a here for the car and walk around it, get in and start driving through prague if you want to. stuart: wow, i can do this. >> look at that. stuart: how do i close the door? >> a again. >> you're going to be in a race. stuart: i am? >> you thought you were nt a gaming. it's all happening. stuart: what do i do now? >> once the race starts, hit trigger and you'll be driving. stuart: i've got two contollers. >> don't worry. stuart: how do i know to start.

>> hit the right trigger and you're driving and steer with this guy right here. stuart: which one. >> that thing. >> oh. stuart: whoa, whoa, whoa. can i do this by voice control? >> no, not-- not when are' playing a game, more for media and browsing the system. why am i losing seriously on this thing? >> i have no good answer for you there. what happens if i hit the side? whoa. >> that's not good. stuart: okay. stop it. >> fair enough. xbox go home. xbox go home. there you go. stuart: you think this thing wins? >> i think so. stuart: and everything is voice controlled. we don't have it hooked up to cable tv, but we could and you could say xbox go to cable tv. >> you could say xbox watch fox business. stuart: would you mute it. >> yes. it will recognize your face if

you register and log you in. stuart: is voice recognition that big of a deal. >> sure. stuart: i'm not good with the clickers and contollers. >> a lot of people don't want to mess with the game controller, they want to talk to the system. stuart: this is $500. place station 4 is $400. do you make the judgment that this is $100 more value than playstation 4. >> i think with the voice control and the camera functionality. stuart: what's that. >> it will log you in automatically based on walking in front of it. recognize me? >> yes, your face, you haven't been registered yet. stuart: if i did, walk up to it, smile. >> hey, stuart, you're in and your games and apps you've downloaded and favorite shows. stuart: one second. stuart: xbox go to motor sport 5. >> it did.

it knows you. stuart: that was prince charles. russ, thank you very much indeed. we appreciate it. stay right there, everybody. my take is next. [ tires screech ]

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had disappointing forecasts for holiday sales. and ross stores, 8% loss. the wall street journal reports that charter communication is close to a funding deal for a bid, a bid for time warner cable. so look at time warner cable go up 6, 7%. and it's called an epic and hasn't been in the theater for a full day yet. the new hunger games movie, you can invest in it, should you? spotify can it really be worth $4 billion? here is my take on what happened in dallas 50 years ago today. every american over the age of, say, 55, can surely remember that day. ask almost anyone and they will tell you where they were and what they were doing when they heard the news. you may be surprised to hear that the news traveled around , even back then. i was a young teenager in england and i can remember the

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her plan canceled. is she mad as hell and won't take obamacare longer. and another is indeed mad as hell, but we have two youngsters showing us how america ought to be. a 13-year-old who has written a best seller in praise of capitalism, and a varney team member who commuted daily on a bus to get the job. and they're both here. we have a painting from new jersey that will sell upwards of $20 millionment hey, jersey is cool, isn't it? and jfk remembered. surely he'd be a republican today. ♪ two big developments with obamacare first thing this morning. first off, the administration announcing that next year's enrollment period will be pushed back one month. from october 15 to november 15.

that is one week after the all important elections. so, you vote first, then you get the sticker shock of obamacare. and the california health care exchange board voting not to enact president obama's fix. it would have allowed people to keep their existing plan for the next year. that board says, all the fix would do is delay the inevitable. so, you're in obamacare whether you like it or not. across the country, people are losing their insurance under obamacare, listen to this, from a woman from washington state whose mother was faced with no choice after receiving that cancellation letter. >> i mean, literally, the website didn't give her an option other than medicaid. and you know, when we sat down and went through the actual application process, we were on the phone and going through it i'm on the website, there wasn't even a point where she could click cancel or opt out or anything, literally, just the results showed up and it

said congratulations, you've been enrolled. and it was, i mean, shocking, just the-- she wasn't given any other option at all. i mean, there was no point where she could back out of it. stuart: all right. well, it even happened to kirsten powers. fox news contributor and democrat obama supporter. i know you're an obamacare supporter, i always smile when i'm doing interviews with you, but today, i'm smiling, but i know you got a cancellation letter. are you angry? >> well, i was not happy about it for sure, but mostly because the president said that if you like the plan you could keep it and i don't like it when people say things that aren't true and so, it's less about what happened to me than the fact that this is happening to so many people across the country. you know, which i think is really unacceptable. stuart: now, what do you make of this report, we've had it on this program, that next year, upwards of 50 million people

will get these cancellation letters canceling their coverage they get from their employer. that's how most of us get our insurance, 50 million letters going out next year. what do you make of that? the impact is going to be huge. >> well, if it happened it would obviously be huge. i'm not sure why it would happen, obamacare is structured in a way to affect the individual market not large corporations. stuart: but. >> and the government. stuart: but hold on a second, you cannot offer a health insurance policy unless that policy covers all kinds of conditions and treatments. so, old policies which don't meet these new criteria will have to be canceled. that's why it's 50 million. >> well, it depends though, this is one of the flaws, i think in the argument that the obama administration is making, remember, even in the individual market you only lose your plan if you bought it after 2010. so, they're letting people keep what they're calling these junk, you know, junk coverage,

which i don't think that it is, if you got it before 2010, but after 2010 they're taking it away. so there's no rhyme or reason to it, really. if these are such terrible plans, why are you able to keep them if you bought it before 2010. stuart: are you now-- obamacare-- >> you don't favor repeal and start again with fresh ideas? >> no, i think they have to do something to fix these problems with people who are losing their coverage in particular, my biggest beef with them they keep claiming there's all of these junk plans and my plan is not a junk plan, they had all the things that they claim they're protecting us, you know, from the know having. well, i had them so that's not real true. stuart: so there is no fix, if you lay down new standards. >> congress change the law-- >> if there is no fix. >> congress could change the law, they could change the law. stuart: and president would oppose any change. >> the president shouldn't

oppose, that should support anyone getting any plan. if somebody doesn't want maternity coverage, they shouldn't-- >> that would destroy the economics of obamacare, if you don't have lots of young healthy people funneled into the exchanges and funneled into the plans, the whole pricing of the plans breaks down. that's not a fix. >> but that's about the individual mandate. you need the individual mandate to get the young people in, but i don't need maternity coverage for people in their 50's, that's crazy. stuart: yes, but that's a wholesale restructuring of the entire law, isn't it? do you favor that? the wholesale restructuring? >> i don't think it is, i think that changing, saying that people can buy the plans that they can keep the plans that they bought, regardless of whether the government thinks that they're so-called junk plans, i think that that is a fix. you've got to remember, stuart, as horrible as this is, it's a really minority of people in the overall insurance market who are being affected. stuart: and kirsten you know how mad it makes people when 15

million or however million it is, dismissed, it's a small minority. >> i'm not dismissing it, it's not the bulk of people affected in the insurance market, so i think that you can restructure that part. it's a small part of the overall plan. stuart: what about next year? i mean, these cancellations notices, they're going out. and they're going to happen. >> and i'm saying if they change the requirements and say, you don't have to get rid of-- you know, plans that don't offer maternity coverage or don't offer mental health or whatever, that those, people won't lose their plans. stuart: moving towards next year's elections the democrats are in a lot of trouble here. do you know of any move amongst democrats which would radically restructure obamacare and put it to a vote regardless of what the president thinks? is there such a move? >> no, not yet. though, i think it's very stupid of them politically. i mean, first of all, morally it's wrong and it's also politically not smart. they will he a pay a price for this. they will pay a price for the fact that people are losing

their plans because the government decided that they don't like the plans. and that is not the promise that was made, not the promise made by the president and not the promise made by most of these democrats up for reelection. stuart: kirsten, it's going well so stay for a second if you would. i'm going to break away and i'm going to come back to you. look at the big board, right at 16,000, almost on the button right there, down just 11 points in 37 minutes' worth of trading this friday morning. take a look at pandora, it posted a loss, why? because it's sinking all the money it takes and puts it back into its business. and the stock is up. users, by the way, listen to more music and the stock is up 200% this year, it's up a bit more this morning. from pandora to rival spotify, 4 billion dollars. charles is with me. pandora has a--

snap chat rejected fair and balanced's $3 billion. spotify, 4 become. are you tempted to say that that's running away with valuations? >> you know, the number itself doesn't mean anything. robinson cano, baseball player from the yankees wants 200 million. a few years ago, a guy asked for 10 million. but here is the thing, we're seeing a lot of the stuff being replayed and it's spotify, let's compare it to sirius, same sort of company, music, right. january of 1996, it was a $3 stock by april, $13. so 300%. and then it pulled back in november of this year went back to $4 and then went to $38 by june of 1998. pulled back a little more to $15 and then went to $61. from 3 to $61 over a four-year period. so, i guess the moral of the story is, these things get outrageous, but trying to pinpoint when it ultimately falls apart is the hard part. you know, you will see a point where these things peak and

back and fill, and it's hard to know when it is. for pandora, they said that they had 4.18 billion listening hours during a quarter and the mobile ads are up 58. stuart: that's a lot. mobile ads up 58%, there you go, that's the number. charles: that's the number that wall street is keying on. stuart: to nicole, yum! brands, we've got a new high, why that? >> a new all time high. deutche bank is focusing on yum! brands and as a matter of fact, making it a top pick for 2014. they've been beaten down because of so much concern about avian flu and poultry over in china and they say the risk reward going forward is about 35% upside versus 7% to the down side. they put a buy rating and had a 60-- times, a $90 target and see them moving forward in a gra it-- great way moving forward.

stuart: pretty much a china play. nicole, thank you. an epa-- listen to this, an epa employee pleading guilty to bilking taxpayers out of nearly $1 million over the course of 23 years. john beale, former employee of the epa's office of air and radiation, took about two and a half years off between 2000-2013, claiming he was a cia agent working on a top secret research project with langley. beale took lavish trips to los angeles visiting relatives on the taxpayer dime, racked up $57,000 worth of travelling expenses and told the epa he contracted malaria while serving in vietnam and gave him a $18,000 value, handicap parking spot in d.c. beale neither served in vietnam and never had malaria. kirsten powers, still with us and listen to all of this. took 23 years to get this guy? doesn't this undermine the central premise of the obama

administration, which is, no, it does, it does. >> the obama-- >> no, it does, president obama is all government, all the time. he wants the government to do everything, but they don't perform. obamacare is a shambles. this guy walks around, he's with the cia for god knows how many years? come on, the whole idea of government can do everything is falling to pieces. >> i just don't believe that obama or really any democrat believes that government can do everything. stuart: wait a minute, wait a minute. in his speech right after, his first inauguration at a speech at a major university, president obama said what the individual can't do, what the corporation won't do, the government will do. direct quote. he's a government guy. >> but that's not the same thing as saying that government can solve every single problem in the world. so, i think that you -- i would agree with what he said, and you know, that means that you think there are certain things

that the government should be involved in, conservatives would say, oh, we don't want the government getting so involved in health care and democrats will say, we do. that doesn't mean you think the government can do everything, i don't think that and i highly doubt barack obama thinks that. >> you just got yourself back on the good side. kirsten, thank you very much for joining us, we appreciate it. >> thank you. stuart: all right, it's already been called an epic movie. rave reviews and you can bet the hunger games sequel is going to make a lot of money. in total, the last one made more than a half billion dollars. will the new one, the sequel, well, find out next. ♪ ya kn, with new fedex one rate

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>> finally took a while and the dow has turned positive and it's up 8 odd points. 16, 18, 19, going up. and charles is here and made an appearance the last 15 minutes and he'll make another appearance now talking about making money with masco, now,

that's an old line industrial stock, isn't it? >> it's an old line industrial stock, a name in the housing area. the existing home sales number was below estimate. everything i'm seeing, going back. the bulk of material, asphalt, concrete. home depot's numbers, williams-sonoma's numbers. these guys have beyer paint and delta faucets and they grew and the next five years estimated they'll grow 70% each year. the stock is on the verge of a major breakout and i think the outing thing will start to become-- in other words, won't be flippers and chinese investors and if that happens, i think the stock is going to take off. stuart: a housing improvement play is always good news and masco is your pick on this one. thanks, the hunger games, catching fire, could be the hottest movie of the year, hits the box offices today. it's the second movie in the hunger games series. first one brought in, wait for it, 691 million dollars, some

say this might top the sequel, might top that. more on this from the host of this show. this is a three-day weekend coming up. and how much do you think they're going to bring in? >> expectations and anticipations for this movie is higher than my hair right now and that's saying something. [laughter] >> how much? >> i'm benchmarking this against three other movies, look at the top november movie, twilight breaking dawn part 2, 142 million. the top movie this year, iron man 3, and the top closing of all time. avengers, 200 million. stuart: where does this one come in. >> tracking in at 185 million. stuart: what does that mean. >> market research, audience participation and word of mouth and right now also the number one seller of advanced tickets

for the year on fandango. stuart: we're looking at little excerpts and clips. we're asking about numbers because this is a movie that you can actually invest in, not directly the movie, but lions gate made it and they're very much a company, are they not? look at that chart, $33 a share now and they've doubled in the last year. charles: you go to december of 2011, a $8 stock. stuart: $8 in 2011 and if they hit 185 million the stock could go up more. hold on, back to the clip. we showed jennifer lawrence. and tell me about her money. charles: i don't know if there's anyone hotter than j-law. originally she made $500,000. and one oscar later. $10 million. stuart: for this movie. stuart: hunger games is a trilogy as in three books. >> correct.

stuart: am i right in saying that the third book is going to be made into not one, but two. >> imagine that, stuart. [laughter] >> how convenient. milking for what it's worth. lions gate had been a troubled movie company initially and this has been a huge, huge hit for them and smart in terms of rolling out of the movie. it's not 3-d. and they wanted to have a movie a year. 2-d. there's a plus and minus. stuart: and i'm hearing great reviews. >> on rotten tomatoes and it's trending ahead on twitter ahead of the last movie. stuart: are you going to see it tonight. >> i'm going tonight. stuart: this afternoon? >> this afternoon. [laughter] michael, thank you very much indeed. >> thank you, sir. stuart: we'll watch it. dropbox valued at 8 billion. music streaming service spotify gets a value of 4 billion. it's a new high-tech-fueled

economy. how long? we'll deal with it next. ♪

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>> the latest sky high-tech valuation has been placed on the internet music streaming service known as spotify. they've done some financing and the financing came in and that came in with a value of $4 billion. is this proof that there is indeed a tech bubble forming here? greg is sweet business president and it's in the special network business, isn't it? so therefore, there is no way you're going to tell me and our viewers that social network are wildly overvalued. you're not going to tread on your own valuation, are you? >> well, i'm talking to you here from silicon valley so you have me pegged here, stuart. we're in the social media

management, social management business. so we help businesses manage their social profiles. there's a lot of smart vc's in the area that look at two things, you know, profitability and growth. and i think what you're seeing right there with spotify is the result of two strong metrics there. stuart: so it's 4 billion for spotify isn't exactly outrageous, it's high, but you don't think it's beyond the pale, so to speak. because you can justify it on basis of current growth and projected growth in the future. would you provide the same analysis to snap chat, for example? >> that's an intriguing question. and i think that snap chat is in a very different position than spotify. snap chat hasn't turned on them, and you're out of your mind when it's valued in the billions of dollars. but when you look at the growth they've had, 400 million photos shared per day and that's up from 200 million just six months ago. you start to see the power of

growth there. stuart: will you tell our viewers, many of whom who are obviously not involved in social network management or anything else, and not close to it, but they look at the markets and look at the valuations and they're thinking, you know, is this the next big thing, should i get n now? so my question to you is, not whether they should invest now, but is it the next big thing? >> well, i think the thing you need to think about it this way in that the fundamentals of these companies is fairly strong when you look at the eyeballs on site. you know, americans on average spend about 6.5 hours per day on social technology. stuart: hold on, greg. >> we've got reaction to that. charles: you know, listen, you want to talk about a red flag. as soon as someone starts talking eyeballs, i'm thinking 1999 all over again. stuart: yes, exactly. charles: what about cash, you've got to talk cash, bottom line, not eyeballs. >> i agree with you, there was a time back when mark

zuckerburg turned down a billion dollars from yahoo! when he was just 22 years old and he had the vision and investors had the patience to see them go and turn those eyeballs into cash and i believe like this summer probably cracked over 100 billion in valuation. stuart: i have to ask you a person question for a second. you've sitting there, top guy at hootsuite, involved in social network management. >> correct. stuart: how does it feel when you know, you know that you are going to make a ton of money? are you happy? . you know that, greg, come on, you know that. >> it definitely is a benefit. i think that one of the things that drives most of us as entrepreneurs is not the money at the end of the day, it's about making the world a lot better place and there's companies like snap chat which are really taking an innovative approach to communication. stuart: you can't sell that line on "varney & company." we pursue money and profit. we're capitalists, that's what we love. forget this making the world a better place, okay?

greg, excellent stuff and we thank you very much indeed for appearing with us on a friday morning, thank you, sir. >> thank you. stuart: up next we mark 50 years since the assassination of jfk. you might be surprised that kennedy, a democrat, sounded much more like a republican by today's standards. . >> if government is to retain the confidence of the people it must not spend more than can be justified on grounds of national need or spent with maximum efficiency.

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stuart: today marks 50 years since the assassination of president john f. kennedy, a democrat but his views on the economy not in line with today's democrats. listen to this. >> the economy happen by restrictive tax rate will never produce enough revenue to balance the budget. just as it will never produce enough jobs or enough profits. stuart: i wish charles were here. this sounds like a modern-day republican. charles: it really does. absolutely amazing. think of the pillars in both parties, people talk about both parties talk about jfk in positive ways.

was considered one of the best presidents ever even though he had a short stay and the the the policies he talked about. cheryl: ronald reagan was inspired by jfk's tax cuts and when he gave that speech, the liberal economist said it is the most republican speech i have heard since mckinley. when he was assassinated he was on the way to give a speech about cutting corporate taxes and individual pension -- stuart: cat after his assassination. liz: he was more conservative than nixon. stuart: rolled this one. >> the purpose of cutting taxes now is not to incur a budget deficit but to achieve of more prosperous expanding economy which can bring a budget surplus. stuart: isn't that the point? charles: let people keep their money, they will spend it and everyone benefits. liz: it works. when i said he was more conservative than nixon, nixon launch the espn and price

controls. the fact that people forget the kennedy legacy when it comes to reducing the size of government is a big deal. stuart: on the same note reducing the size of government here is what president kennedy had to say on government spending. we played it before the break but it is worth playing again. >> of government is retain the confidence of the people it must not spend more than can be justified on grounds of national heat or spend with maximum efficiency. stuart: why doesn't somebody say the same thing today? charles: it won't be this president who is motivated by the ideology of fdr who wanted to get rid of -- the four wants, get rid of the need of one, we will do everything for you. liz: back then we talk about the media outlet on the day jfk was assassinated.

wait till you hear what the member roles are saying the president -- stuart: on the day the president was assassinated, kissinger, washington, as you say, financial advisory service was set to release an article that was very critical of jfk's job as president. they shelled it because of the assassination of course but now they are going to publish it. let me give you a couple quick quotes what they were going to say the day of the assassination. the political stock is at its lowest point, even lower. and the civil rights in washington and fouled up congress. and the lender -- senior political editor joins us from washington. and the reason you didn't the day of the assassination, why

now? >> many historians of known for years the public image of john f. kennedy as a strong persuasive effective presidential leader are much at odds with the reality of how he was floundering in the third year of his presidency. there was a great deal of speculation in washington that he would be a 1-term president, he would not be reelected. we are cool, dispassionate, non-partisan, we stepped back and assess how badly he was doing. stuart: you are putting it out now. dino it is the 50th anniversary. it did not do a lot of good if it was put out before the election of barack obama for example. >> we are cool and non-partisan, we would not use it for a political purpose then or today but on an anniversary with so much worship full misinformation about kennedy, who was inspirational but not effective. we thought this would be a good time to do it.

there are parallels to barack obama's floundering leadership today but that is not why we are putting it out. stuart: do you think john f. kennedy was a fiscal conservative. we would be more at home with today's republican than today's democrats. >> he proposed the deepest cuts, before ronald reagan's tax cuts. and his ineffective leadership. he will not get those tax cuts through congress. he will not get civil rights proposals, the only major accomplishment, and deep cuts on protective terrorists. tariffs. and dq edge in defense spending. you the big defense tax cutting perfect cutting democrat but accomplished relatively little of his agenda before his tragic

death. stuart: he proposed significant tax cuts. and after his assassination, 91% to 70%, proposed cutting the corporate tax rate, and they were passed after the assassination. >> along with the civil rights program, lyndon johnson knew how to deal with congress. the most powerful man in washington, and he was neutered as vice president. and got his domestic agenda through congress. stuart: you think today's youth has no work ethic or determination. after the break two stories from two unique young people. the country's youth should take notice. you got to watch afttr this.

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stuart: look at this. the dow jones industrial average is holding right above 16,000.

look at the gap. it is the charles pick too, profits up, stock price is down. and 78, 90. and a share buyback has investors wondering, shopping for interest chat may be. time warner cable on reports of the wall street journal, charter communications has the money for a buyout of time warner cable. wait for it. the use of america, how good they are next. a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mouth healthy, too.

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paying ourselves to do what we love? ♪ peer stuart: imagine this. you travel from washington d.c. to new york city, every four hours and both ways, do it four times a week. why did you do that? get an unpaid internship. that is what the next guest did, it landed her job and if prestigious apprenticeship that fox business. tourney is jennifer preston, a graduate and production assistant on "varney and company" and we are proud of her and should be should be proud of herself. you are great. seriously. we want to tell our viewers your grit and determination to get

the job even though it wasn't a. what did you do coming and going on a bus four times elite? >> it didn't start off that way. we had a stake in new york from d.c. and it fell through and when it got here i didn't want to start something i didn't want to finish and say i can't do internship anymore. i had this idea i was going to catch the bus back and forth to d c four hours away and if you think you can do it do it. they said what if it snows? the bus may break down, it is going to crash and all the negative and if it -- in spite me to do to prove everybody wrong and that is what i did. stuart: we love you. you are all right. you did all of that both ways, hours each way and you did that because you wanted to keep the yen paid internship with us, at fox business. >> always in turning on fox and friends and loved it so much i

didn't want to stop so when it was over ainu i wanted a job at fox and stayed in contact. stuart: get up at midnight? >> i left d.c. and midnight. got to new york at 4:30, 5:00, wwnt to the studio by 5:30, left when the show was over, left it 10:00 in the afternoon. then i left and went back to d.c. got there at 2:00, that is the only reason -- stuart: i didn't know this. you did that as well? >> that is the way i was able to support this. i made a lot of money doing it and did everything all over again. stuart: when did you sleep? >> i slept on a bus or about tired eyes stayed in new york city and 9 note they found bags but it was good for me. a bunker bed, shower, got back to work the next day. stuart: no idea, i am sure your

mom is proud of you but we are very proud of you and will happen with us on "varney and company". you see the quality of people working for us? outstanding, congratulations from one success story to another, one after my own heart, a 13-year-old, the co-author of our best tomorrow, student teaching capitalism to america and she joins us now. welcome to the program. shining example of capitalism and the american way in my opinion. what is this about teaching capitalism to this students? explain it. >> it was partially about teaching capitalism to other students. is important that they understand capitalism because it is all around us. and how you need to learn it, even the cellphone in their pocket every day is capitalism.

stuart: how do you teach that? that is what your book deals with. how do you teach capitalism? i would think it was more an instinct, get out there and make some money. >> we wanted kids to be entertained because it is hard to hold the attention of middle schoolers and high school is so we wrote the stories as three fictional characters and how they grew up and opened businesses and my favorite story was that of isabella and she came from off for family and wasn't very popular and had a single mother and she didn't know what to do so focused on education and before we knew it she was out of high school and college and lives in kentucky and opened her own business and had failures and successeses and risk it all. stuart: understand you are on the best-seller list, the book is doing well? >> yes and i am thankful it is because when they released it i

didn't think it would do this well so i'm really excited that it is. stuart: did you cooperative the war dead? that this did you, author it with your dad? >> yes. was an interesting experience. it was really fun to publish the book and all the publicity i am getting is more than i could ask for. with my dad was a lot of going back and kind of making things work together with different writing styles. stuart: thank you very much. real fast are you going to write a sequel? >> i hope we will. i want to. it sounds like a lot of fun. stuart: we insist on it. joanna, a you going to stay with "varney and company"? >> i hope so. yes i will. stuart: you want to be on the air, executive producer of the show? >> the executive producer of the

show. >> i don't know. at one point i did but i like the creative control. stuart: you don't want my job? >> it is kind of stressful. stuart: we are proud of you, congratulations, thank you for being with us today. we will see you at 4:30. how much would someone pay? a guess, how much some would someone differenty painting of a street corner in new jersey? you pay for that?jersey, how [ male announcer ] wh if a small company

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lou: coming up on lou dobbs tonight budget battles, fiscal cliff, the debt ceiling, our elected officials. can they find compromise and the past prosperity? house budget and financial service committee member congressman scott garrett joins us tonight. won't you as well? 7:00 eastern. stuart: an 80-year-old painting of a street corner in new jersey. how much would you pay for it? how about $22 million and up? joining us now is liz sterling, of american art at christie's.

can we show the picture? that will be the painting, there is it is. we will zoom in on it, that is a street corner painted 80 years ago by -- >> edward hundred. stuart: does that justify the price tag? >> edward hopper is one of the great artists of the 20th century. it was painted in 1934. you are seeing he is depicting the reality of the depression era in america in his internationally celebrated style. stuart: no is not. it is the street corner. >> that is what it looks like at first but if you look closer, there are no figures in sight except the group that is ominously at the far corner and a for sale sign which is indicating economic depression. stuart: i don't want to appear a philistine much less the luddite but i fail to see, something about the color, the balance, the perspective, style, that i

should pay $22 million for? >> the overarching theme of his work is the sense of isolation and depression and what you are seeing here is is like the boy your. there is a separation between you and the scene. charles: i find it interesting because all of these guys with anger, bacon and now depression, why this -- how come the paintings that celebrate life, while those not breaking records? something celebrating the depression or francis bacon anger, while these going through the roof? >> you are referring to the francis bacon we sold for $144 million? basically with what is going on in the world today people are drawn to those things. liz: how much would george w. bush -- stuart: what about the beautiful

land sketch? >> interesting you bring that up. we have a fantastic painting, a civil war scene. stuart: a civil war scene. what about a lovely river and a sunset or some beauty and rapture? >> those come into a premium but don't have any in sales this year. stuart: depression and anxiety and war, that is what you paid $22 million for. i wish you well with the sale. it is on december 5th at christie's, $22 million to $20 million for this edward hopper painting. good luck. thank you very much indeed. of big effort to get it down here and show it but we appreciate it. your take on the 50th anniversary of jfk's assassination is next. on, did yt e toaster cozy? yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy n to. is tt nana? [ male announcer ] fedex one rate.

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stuart: we are remembering the

50th anniversary of the assassination of jfk. i told you where i was and what i was doing that they. here are your responses. eric said your cake was powerful the spoken. president kennedy was a distinguished gentleman. may he be at peace. volusia add the parents's emotions, the nation, people in the streets, the entire nation's stock and agreed, this was the moment of the confirmation of his immortality in the history of the american nation. both those are very well said indeed. here are dagen mcdowell and connell mcshane. connell: we will have a report in dallas in the next hour and we will also talk about a number of other things including the weather. we need to have that name on everything that is what we're looking at. big-time storm starting to come together for the eastern part of the nation that could wipe out travel for the holidays so there is big money on the line. health and human services

pushing back next year's enrollment until after the midterm election. won't get to see the full effect of obamacare until after you vote. the politics which we will get into with rich edson. the debate in the skies over allowing passengers to use cellphones while they are flying, this gets people fired up and we will have it for you and how to get this right. 80% use smart phones when watching tv broadcasters are having a hard time making that interactive said dennis kneale will tell us about that. markets now. dennis: good to have you with us on november 22nd, 2015, 50 years after the assassination of kennedy. we will have a report from dallas in a while. we will talk about that weather story and the huge story going into next week. let's live in the present. the big market story is