tv Varney Company FOX Business December 13, 2013 9:20am-11:01am EST
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♪ >> all right. listen to this, amazon amazes, on-line shopping booms. more bad weather coming and a desperation campaign for obamacare. yeah, we've got it all this friday morning. hello, everyone. start with amazon. another innovative service, bulk brand name selling to compete with costco. on-line shopping has its best december in years and it may get better because of the weather. yes, more snow and ice forecast for the big population centers on top of the current deep freeze. more obamacare chaos. kathleen sebelius asks the insurers to pay up on claims
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for people who may or may not be covered and the white house launches a desperate campaign to sign up youngsters. stocks, they will stage a modest bounce today and "varney & company" is about to begin. hi honey, did you get 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 not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. who found a magic seashell. it told him whawas happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking [ male announcer ] right there in their trading platform. ♪ [ indiinct talking continues ] [ male announcer ] the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade.
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>> kathleen sebelius quietly extending the deadline to purchase insurance, changing the rules as we go along. she will demand that insurerr continue coverage and january the 1st for people who select a plan by december 31st, yes, that means force them to cover people regardless of whether they have valid coverage or not. that's chaos. and the pr push to get youngsters to sign up. that's in full effect. enlisting celebrities like people magazine's sexiest man alive adam levine to help him sell the plan and making a rap video yo to raise awareness with young people. amateur hour, president obama tweeted out a picture of him
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holding a sign with a #saying get covered. and they photo shopped it and retweeting the doctored images. the term afluenza they used for a teen, coming for young people from rich families, his sentence ten years probation and last night megyn kelly spoke to the man who lost his wife and daughter. >> there are no doubt that the victims' families thought the prosecutors did an outstanding job until i heard that term. affluenza, i had no idea it would bear on the lack of
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sentence. stuart: well, this is a financial issue, actually. and we want to know what you think of affluenza. we'll read your responses. amazon the most innovative company in the world and at it again. we'll tell you what they're doing now, a small bounce for stocks and watch it happen moments from now. ♪
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range. i don't like it. the feds are clearing a hurdle to allow you to use your cellphone on planes. i have a rant about that at the end of the hour. stay tuned. let's go to chicago and bring in their 11 -- larrylevin. you cannot mention the fed. scott kennedy tried this, failed miserably. you try it. >> free easy. no problem at all. down three days in a row, very rare to be done four days in a
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row. stuart: is this modest correction we saw this week over? >> for short-lived is over but there will be lower prices if not next week then certainly january we will test lower than we are now. stuart: still looking at 17,000 next year? >> absolutely. i know i am not allowed to say it but someone will do something about it. those people will face quite a bit if they have to. stuart: you won unchallenged. that was very good, larry. we are up and running and we are ever so slightly higher. we are a a points but look at that level, 57. watch out sam's club, costco, amazon, launching a new business that will sell things like cleaning supplies, for pet food amazon prime members selling in bulk. mike robinson joined us from san francisco. the stock is up again today,
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385. i am saying amazon is the most interesting company in the world, the most innovative. what say you? >> i have to say jeff besos is one of the best innovators of all time, constantly looking to a cell, crossland brilliant at logistics' and this shows how good they are at top-selling and logistics involved in making money and the ecommerce business. stuart: you said apple would go to $1,000 a share. >> i knew this would come up. stuart: when you are a big hit with shareholders. how about amazon? it had a fantastic run. 8 run $5 billion in operating
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cash flow so eventually when the bill out ends it falls to the bottom line and i think for the long term i would be bullish on amazon. stuart: stay right there and i will get back to you on another subject. adobe, good numbers for the clout business. a lot of people signing a. what is the cloud business? the clock is where you can store photos, digital documents. for adobe you can download the company's software like photoshop. taken up on your personal computer. the stock is up 10%. that is a rally and a half and we will talk to the top financial guy in the next hour. big-name you know, ford, 11,000 jobs next year, rolling out 23 new vehicles. why is the stock only at $0.13? nicole: do people not understand this could be great for ford? they want to see what the vehicles are about?
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it seems like a wild card a little bit. how much lacoste? alan mulally, he wants to leave with the major legacy. this is the biggest rollout in the 110 year history of ford so talk about 23 new models, 11,000 workers to be hired, 5,000 in new york, 6,000 in asia. stuart: ford stock only at $0.13 on that. back to you shortly. bring back mike robinson. looks like a modest bounce today up 21 points as we speak. i want to know when we will go back to those winning ways. tell me. when will we hit 17,000 on the dow? >> next year for sure. looking for a big year. the economy underlying has a lot of strength. look at the real economy, lumber sales up, prices up in lumber, cars selling like crazy, looking
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at 16.5 million run rate in automobiles, the underlying economy wants to get healthy. the average car is 11 years old, people got to buy new cars and that will help the tech ecosystem and the market. stuart: you save the economy is strong enough to withstand less money printing by janet yellen and the market will go on as a reflection of the economy, not printing money? >> absolutely. there could be short-term a slight correction, modest decline. we are caught in the excess reserves trap. they are putting money in the banks but it is not getting into the economy. the velocity of money has slowed down. one of the problems the fed has, can't do much about it. the underlying economy is helping itself. america's economy if left alone is the best, most healthy, self correcting economy ever in the history of the world. stuart: it is not being left to
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itself, is it? >> it is not. politicians love to tinker with things. stuart: it is the major theme on this program. thank you for joining us yet again. we will revisit the prediction on apple stock. back to amazon. it is an innovator, the most innovative company in the world, clear leader in online retailing and the lot else. the ceo of apple metro is with us. you own and run 40 applebys, the except my principle that amazon is the most interesting company in the world and the most innovative? >> i do and i don't. they're certainly interesting. the flip side of the coin is they are the most he are sensitive, most pr pieces, i don't know how jeff bezos does that. stuart: he goes on 60 minutes,
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this claim that he will deliver stuff. >> reality has to set in because do we see drones flying all over? ups wants them and i want to deliver hamburgers by drone. stuart: what financial reality do you see hitting amazon? >> at some point investors will want to see there are 0 of i.t.. the tech bubble when everybody was just buying and no relationship between the r o i return on investment and the investment. amazon is not having the big returns at this point so i might take a contrarian view to what you say. innovative without a doubt but at some point the cows have to come home. stuart: the return on the investment, you are right, they don't have returned because they keep reinvesting every dime they make goes right back into what they are doing. the market like that.
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>> the other part of that, if we do have a dip in the economy, the affordable health care act does take a bigger chunk out of the economy, out of the cash flow of the economy and direct exclusively to health care the million-square-foot warehouses they are building all over the country it is a great story, quicker delivery, quicker response time to help the consumer but if they start having read it you got to pay the mortgage, still got to pay fixed overhead you are putting in place. one thing to be on the internet and not build a brick and mortar. innovative is both. they got to build a brick and mortar, warehouses at every conceivable light and known to mankind but they have to pay for it. stuart: all our viewers are looking for the next apple. the stock that goes to the moon to a secure retirement and your
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point, cold water all over it. >> i am realistic. i just flip hamburgers. i am on some outside boards, oil-field services. what i see is the consumer on the ground. we do 300,000 meals a week. from the guy that has to buy that stuff, i feel and hurting, i hear him talking, for example the expiration of the withholding tax, and 2%. let's run that number. a guy making $35,000 a year is only 2%, but at $700 for someone making $35,000 a year, at the end of the year he doesn't feel it the first week or the second week or the first quarter. first half. what is happening is there is a softening of the economy. we saw it starting three weeks ago. we were going one direction just like this. all of a sudden it started
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flattening and now it is starting to go down a little bit. the issue is all these things cumulatively add up. what happens next year with affordable health care when people have to reach into their pocket? they were going to buy something on amazon but instead they give it to the government. stuart: when you are putting cold water on just about everything. >> trying to be a realist. stuart: you are a valued guest and appreciate you being with us. back to nicole petallides. twitter, another new high. nicole: another new high for twitter, up 45% this month in december. right now it is up 2%, 56-43. i know it keeps changing. i have been standing here a few seconds. $56.69, a big crowd behind me for nimble which is a california
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company. ipo today looking higher. it is a california storage company so there's a big crowd. stuart: a pretty good year for ipos generally. to the big board as we suggest, very modest bounce and that is all it is, 15-7 is your level on the dow. the obamacare train wreck rules on. kathleen sebelius forcing health insurers to allow coverage even if people haven't paid yet. some would say that is lawlessness. up next the doctor who is suing over obamacare and the administration hasn't ignored his case. he is with us. (announcer) at scottrade, our clients trade aninvest
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stuart: immodest balance, 300 points on the week and we are up 9 this friday morning. the price of gold has been weighed down. now it is up $7, $12.32 this morning, restoration hardware, the cozy e o quick, joining lucky brand. investors don't like him quitting, it is down 4.5%. an update on a tour brought you last month, orthodontist sued the government claiming a 1-year delay of the employer mandate was illegal and costing him money. the government didn't taken seriously or even bothered to respond to his lawsuit. all right, doctor, judge andrew napolitano, charles kuralthammer saying this administration is lawless. you would agree with that.
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i want to know if they ignore your lawsuit what are you going to do now? >> they ignored our lawsuit up until this previous monday, three days after the deadline for four defendant pled to ha responded which was december 6th, waited until december 9th to respond, more of the same, the signature of the reputation of this administration is incompetent. in the process of us examining whether or not they broke the law they disrespected the law by ignoring deadline but it is not our objective to capitalize on their default. our objective is to move forward and bring opposition to the ridiculous assertions that we lack standing to bring our case which we do. stuart: they did respond on monday of this week, they did respond. was there a response not that this issue has no standing in this court? >> the response was irrelevant to what our complaint was.
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let me back. to bring a case in front of a federal judge you need standing or show injury. we wrote a complaint, the response had nothing to do with our complaint suggesting i was complaining as a taxpayer. that is not the nature of my injury. the nature of my injuries at law-abiding citizen i had my business vetted by attorneys to make sure we were in compliance with the law even though i didn't agree with the law and a few months later the president decided to move the goalposts and in doing so was saying any money you spend on attorneys you wasted, go ahead and spend it again and he did that not by executive order but by tweet so theoretically everytime he tweets i am supposed to jump and call my lawyers and make sure my business is in compliance with his tweets. stuart: when it occurs to me they have been you. you are going to lose a lot of money on lawyers. you can't take this thing
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forward and you probably will not -- certainly won't be able to get this delay of the employer mandate rivers to. you have lost. >> i would bet the farm on that. we are doing pretty well. the response was surprisingly weak and they can expect pursue in a response from us so the judge can make a decision whether we have standing. liberty university case, west virginia state univ. cases have been dismissed. we feel our standing is and remains stronger than either of those cases. we remain confident we will have standing in front of a federal judge. stuart: who is funding this effort? where's the money coming from? >> judicial watch is representing in funding legal fees and doing a great job. we have a great team of attorneys many of whom were involved with the clinton impeachment. i couldn't ask for more. i am pleased with what they are doing. stuart: let's give us an update where the standing is. >> thank you for having me.
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stuart: take a look at yahoo!. the stock has hit 40, up 97% this year. not bent. adobe a disappointing forecast but good numbers with cloud business. we will talk to their chief financial guy, up 10%. what music, christmas music do you listen to in your home? in our next hour of music producer joins us to explain why the classics, sinatra, nat king cole, they are still favorites. the news museum cashing in on the in darman phenomena in.
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the government is asking for public comment on phone calls on planes. i don't want this and i don't think you do either. us survey of frequent-flier found 78% against it. the problem is very simple. there is always going to be at least one idiot on every flight who thinks there call should be heard by everyone else. a loud voice issues orders. that is the caller who is trying to look like the boss. i am in charge. then there is the public gossip. he said to me and so i said to her, that is mindless chatter that goes out three rose forward and four rose back and the overworked expression i love you or love you too. save it, by all means but i don't want or need to hear it. this grant is not over. i fly lot and i like to sleep. i can't count how many times i have been woken up by someone
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slamming the overhead bin are making loud comments about the movie they are watching. less than not want is to be welcomed by someone else's phone call. as you can tell diane getting a little worked up here. i am sure someone less stable than i would get into a fist fight. southwest airlines said it ok to texting on airplanes. that is fine. so is the maleing, watch a movie, fine with me. the bottom line is don't force your malaise on me. you have absolutely no right to include me in your conversation. one last point. i have personal experience with the downside of phone calls. last year right before takeoff a loud voice informed the rest of the cabin fox news is on board. that stuart varney. hostility was obvious. wouldn't you know it, a was heading for california.
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disgrace. the ron burgundy rolls on and he's in a museum. this is jennifer lawrence before and after photo shop from adobe. their top financial guy is here and his stock is way up today and it's got nothing to do with jennifer lawrence, believe me. we bring you christmas music the way you like it, from bing and frank. why the new tunes do not sell. ♪ this may seem like a moral and legal story, but it's not. there's an element of finance here, a new term for you, i'm sure you heard it already, affluenza, the defense a lawyer for a 16-year-old boy used in court after killing four people while driving drunk. affluenza, he didn't know better because he was rich.
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the teen gotten years probation and time at a fancy rehab clinic in california at $450,000 for the year. we asked you what you think of affluenza. here are some of your responses. janet said, the parents as well as the 16-year-old should all spend some time in confinement. candace said this, the most ridiculous defense and the judge should be removed from the bench, four people dead due to the actions of this teenager, he needs to be in jail. from jean, money and privilege should not be a factor that allows anyone to get away with murder. charles and monica are here, this is all about the rich buying themselves what passes for justice, i guess. monica, the left is going to season this, and they are going to say, this proves the point, the rich can buy the courtroom. what do you say? >> well, there used to be a phrase to describe this kind of kid, spoiled brat. we can blame the kid, we can blame the parents, we can blame the judge, we can blame
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whoever, but to your political point it's an interesting one, say well, the 1% gets away with murder and so on. that's generally always been true. we've got people with resources with greater access and so on. what's more interesting to me is a broader political point. in this country now, i don't think that the major split is between republicans and democrats and liberals. it's elite class, whether they have money and power and ordinary americans, the rest of us. anybody else probably would not have the access to get that kind of a ruling in that case. stuart: charles? >> i mean it's political and money how they merge like a super duper collider. this is an issue going on not just in america, but around the world. dove tails with the things that the pope talks about and dove tails with president obama's income equality or pitch, if you will. and these kind of stories fan the fuel-- they fuel the hatred that we
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don't have a shot in this country if my kid isn't rich, we don't have a shot to get this. we're being ripped apart and these kind of rulings help the people who want to rip us apart. stuart: you're precisely-- i want to bring in mark lanier. what do you make of this affluenza defense? >> you know, it's not surprising that it went out there, but it's sickening because i look at this from a justice perspective. it's not only unjust to the families of the four pedestrians that he killed, but it's unjust to the 16-year-old boy himself. can he ever grow up? can he ever become responsible when his parents buy this off like this and then our court system played a role in it is a sad, sad day for america. stuart: that's the point, isn't it, mark? if there's one place where you can get objective justice in the united states, it's supposed to be the courtroom. >> yes, and it happens. stuart: and this is a gross travesty. this is not justice. this is where having money is
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used as an excuse for outrageous behavior, mark. >> it makes me sick and the judge boyd ought to be ashamed of herself. stuart: mark lanier joining us on the phone. contentious in my opinion that judge should be off the bench. >> and in the united states justice is supposed to be blind. it's supposed to be blind to wealth, it's supposed to be blind to your race, to your gender, to everything else and you get a ruling like this and you realize how corrupt the o? em is. did you do this? yes or no? i don't care what your background is. did you do it? the answer is yes. he did it. charles: although i will tell you one thing i'm against is mandatory sentencing, there are times when a judge should use discretion, five kids can get together and rob a store and one was sort of roped into it and there was a gang, a leader, you know, i mean, i think we should give discretion, but this judge should be ashamed of himself. stuart: it's a lady, i believe, it is, yeah. thanks indeed.
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get ready for outrage. a teachers union fighting to get a $10,000 severance package for a 38-year-old teacher after being fired for raping a boy. i'm not getting into the moral aspects or legal aspects of it. what is the union trying to get this kind of severance package? this is what you expect from the teachers union? >> we've seen this kind of thing before from unions, especially teachers unions when a teacher is accused of some grave crime against the children that they are charged to protect and educate. we've seen the unions before step in in similar cases and say they deserve severance pay and all kinds of protection. my view is, look, the unions are there to get you an honest wage for an honest day's work, right? if you break the law, then all bets are off. you break the law, especially dealing with children, you break the law, you deserve none of the protections. stuart: by the way, the unions, teachers unions will be out in
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force on monday of next week and demonstrationses across the creation and trying to put the good stuff back in. stuart: memo to unions, if you want to gain credibility stop with protecting the pedophiles and the rubber room, stop it, stop it. stuart: and check the big board, we're open higher and we're a little higher and not much of a bounce after 300 points this week. i want you to look at amazon, it's said to be launching a new business, selling things like cleaning supplies, pet supplies, bulk consumer items, selling them to amazon prime members. and they're clearly going after costco, charles, come on, i'm saying amazon is the most innovative and certainly the most interesting company in the world. are you with me? no? >> all right. charles: well, you know, they have creative ways of getting products to us, which is good, but you know, i'm more excited
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about what tesla is working on, i think some of the things that google is working on and some of the things that would truly change our lives. >> really? that's pie in the sky stuff. here is amazon, and this behemoth in the industries leading every one of them. charles: they're perfecting how to get a box of soap in 30 seconds, i appreciate that. stuart: dismissive this morning. and i'm posing the same question to you, monica. >> i love amazon, a phenomenal company, and i've used them. but if they were a company that could perfect teleporter so i don't have to get on the subway or get on an airplane, that's the company of the future. get on it, people. stuart: and mention teleporting, we've got to move on. next restoration hardware down big because one of the ceo's is leaving. how big is down, nicole? >> well, down about 4%. and no one really expected this. you have the ceos there, the
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co-ceo 4.7%, and he's leaving, actually, and going over to join lucky brand, the cool jeans and the like and said it would sell to the private equity firms leonard green don't worry about that point, the point is they're leaving and they're looking for a new ceo. stuart: it's at $62 a share. charles payne, who is still here, said it would go to 100. are you sticking by that? >> absolutely, absolutely. stuart: you are? >> absolutely. in the after market, listen i understand there are some people in it for the short term, but the numbers they posted are phenomenal. stuart: the white house launched what i'm calling a desperate pr campaign to get young people to sign up for obamacare. the singer adam levine is among those used to push obamacare on social media to young people. check out the rap parody featuring an obama impersonator. >>
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♪ in the presence, yes we can, i dealt with the health care and don't try to talk about my plan like the people haven't won, they win it long. and it covers all conditions that could pre-exist and you should think about it, take a second. stuart: move on, gets better. the white house tweeted out this picture yesterday. and that's president obama with a sign that reads nobody should go broke just because they get sick. critics had a field day with this on the social media. obama zombies author jason mattera is with us this morning. jason, you saw the videos, you've heard about adam levine. it is-- is this approach using these people in this way to get young people to sign up to obamacare, in your judgment, is it going to work? >> i am highly, highly skeptical, stuart, that this approach will work. i think you're right. it's a hail mary. it shows that the white house is desperate to get young people to sign up for obamacare, but it doesn't matter how many adam levines or
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these stupid and embarrassing rap videos they throw up on youtube, how many they have, it's not-- it doesn't change the fact that young people asked to sign up for a program they don't want, they will not use, and that's very expensive, and they know it's a raw deal. so, i'm sorry, in fact, harvard university released a poll last week and it was pretty damning, it said that fewer than one third of young americans plan on signing up for obamacare and half of them say that they dislike the law altogether. stuart: you used the word desperate and so did i and i think we're right because if they don't get enough young people to sign up and pay money in, the finances of obamacare begin to collapse. now, i'm going to put myself in the position of a young person just for one brief shining moment. why should i sign up for insurance which i don't think i need, and i don't want it, and i don't-- i can't afford it, and i would rather pay the so-called fine than sign up. by the way, that fine is not
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taken out of me directly. i only pay it, $95, if i'm getting a tax refund, in which case the $95 is taken out of the tax refund. and that's why it's desperation. i don't think it's going to work. >> no, i don't think it's going to work either. and more so, if adam levine had any type of integrity or looking out for his fans, he would discourage them from putting their personal information in a website that is is paradise for hacker, instead he's acting like a government toady and shill for a deeply flawed program. early on during the rollout of obamacare, all of these celebrities who were hyping it up and going on twitter saying get covered and they even peeled back because they saw all the problems and yet adam levine says i'm going to go for the program. the guy is a hack, and there's no need to pay for a program
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that doesn't work. stuart: jason mattera you're the author of "hollywood zombie as", no, you combined those, hollywood hipocrits and obama zombies. stuart: that's a pretty good combination. jason, thank you very much indeed. i think you're right on all over again. >> thank you stuart. stuart: yes, why would a serious museum feature an exhibit on the movie anchorman? the answer after this. . >> say you have a black box and it's freaking you out, is it freaking you out? a little bit? >> to be honest. >> is it freaking you out? >> she's got a knife! i think you scared him. you can't shout at brick. >> we're not here to hold hands and sing kumbayah. [ bagpipes and drums playing over ]
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[ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex.
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♪ every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >> charles-- quiet on the set, please. charles is here and is going to make us money with a stock called johnson controls. i know the stock, but i want to know what do they control? >> they control in buildings, they control the energy, the thermostats, all of that stuff. in fact, you know the tallest building in the world, the kalefa-- >> great pronunciation, charles. charles: you know what i'm
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talking about. stuart: a little thin. charles: a little thin. 18 hotels, 68 elevators they control everything soup to nuts, but their great thing is in automotive. and i think the business part of the business is coming back. and this is a conservative play for us, we've been in for about two years and i thought i'd start with a conservative idea since the restoration hardware is down 4%. i've got a wild one for you later on. this is a conservative 401(k). stuart: it's a buy and hold, not get in and trade and get out. charles: right. the next one is more of a trading idea. stuart: can't wait for that one: the marketing campaign for anchorman 2 is huge, you know it because you've watched the program. the movie is a phenom and hasn't hit the theaters yet. even the news-eum, a serious
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museum, is for ron burgundy. sonia, it's good to have you with us, it's a serious place, it's about people like me, for heaven's sake, what are you doing putting ron burgundy in a prime position in your museum? >> well, this is an exhibit that's an entry into what was happening in the '70s in the news industry. it's a light-hearted way of introducing a very serious topic one that focused on diversity. women in the news room and a fun way to bring women into that topic. stuart: did they come to you and say we want to be in this exhibit or did you go to them? >> it was more like will ferrell came to visit us one day and said this is a great place and i enjoy the exhibits here, the serious exhibits and started a conversation about the anchorman movie. it's something that journalists all enjoy. i mean, let's be honest we've seen it and enjoy it so it's something that we can show off,
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but also, use as a serious coughings opener. >> i think he sold you, i think he was looking for an entree to a serious museum and i think he sold you. however, you've got to tell me, please, is this particular exhibit where ron burgundy appears, is it successful? draws a lot of people? >> it is drawing a lot of people and we're very happy with how many people are coming into the museum. but people come knowing that we have serious topics so they're coming to see our 9/11 gallery, the pulitzer prize exhibits and journalist memorial and stopping by to see the anchorman exhibit. stuart: i think you're having a special showing of the movie the day-- is it the day before it's on full release, is that it? >> it's the same day of. it's tuesday, next tuesday, and we'll have a special viewing of it, our members got first choice to the tickets and sold out almost immediately so they're going to get the first look at anchorman 2. stuart: have you seen it yet? >> i have not yet. stuart: you saw anchorman 1. >> i did, i did.
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stuart: what was the funiest moment for you in anchorman 1. >> the rumble, the news stations getting together and fighting it out in the streets for the stories, it's hilarious and we have one of the costumes. stuart: but it's nothing to do with the news business, you know that. >> of course not. we're not taking out whips and chains, and journalists work together even though we have opposing stations, but sometimes when we're out first story we play little games here and there to get ahead. stuart: and we're at each other's throats and we hate them, you know how that works, come on. [laughter]. >> no. stuart: how long does the exhibit last at the nuseum. >> it will there be until the summer. stuart: if i come there, will you show me around? >> i'll give you a private tour and make you do a stand-up. stuart: i'll think about it. thank you so much for joining us, good stuff and good luck with that exhibit. thank you very much.
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>> thanks so much. stuart: president obama says the free market does not work. what does our resident refugee from european socialism think about that? that's not me, by the way, that's someone else, we have another refugee. we'll be asking her about this after the break. remember, even a 11-year-old disagrees with the president. >> if people want to work, let them work. i was amazed that people cannot work hard, but they can be just lazy. [ male announcer ] here's a question for you:
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>> oh, we turned south, down 18 now, challenging 15-7, but look at amazon moving higher. i'm calling that the stock of the day up 5 bucks, was up 7, close to 390 today. martha stewart's company just fired a hundred people and stock has gone up. we'll have details in a moment. white house press secretary jay carney hints that unemployment benefits will be extended even though that wasn't in the budget. and nancy pelosi says not extending would be immoral and they run out in january for over a million people.
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and she's not the only only one, sheila jackson lee, what she had to say. >> that he's put the van holland, lee, levin amendment on the floor tomorrow, call us back, mr. boehner, let us vote to vote for-- >> the gentle woman's time is expired. stuart: all right, monica, go. >> unemployment coverage for working americans, i think, that's what she just said, which makes absolutely no sense. but this is the liberal line and they want another extension for unemployment benefits. it doesn't look like they're going to get it at least according to the budget. right now it stands at 99 weeks, the standard before the great recession was 26 weeks, what we've seen is studies throughout europe where it's chronically high unemployment the longer you grant the unemployment benefits you longer you get trench unemployment. stuart: and right before the unemployment benefits run out.
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>> i learned that in an odd way. i had a buddy years ago, what are you up to next week? i'm going to look for a job. i said, okay, my benefits run out next week. i said have you been looking? he said no. what the hell, you're waiting until the last week? i never conceived it was possible, but i know people who have done it. stuart: it's buying votes. if you extend unemployment benefits and pay more money to 1.3 million people, maybe you're just going to get that percent of the votes. charles: all the things are done under the vernier of fairness. stuart: and speaking of which, the free market clearly under attack. listen to this. >> the market will take care of everything, they tell us. if we just cut more regulations and cut more taxes, but here is the problem. if doesn't work. it has never worked. stuart: interesting, it doesn't work, it's never worked. that's interesting. joining us from washington, a
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scholar, recovering european. veroniq veronique, you come here and like me, i think that what's happening here is beginning to be exactly what happened over there. what's your response? >> i agree with you. and i -- i find it really disheartening and let me tell you that quote by president obama is as misleading as his claim that if you like your doctor or if you like your insurance, you can keep it period. i mean, it is unbelievable that he would actually say things like this with such certainty. in fact, if you look at the u.s., it is because of the spirit of free market and in spite of government that this country is still moving forward. slowly for sure, but moving forward. stuart: okay, veronique, stay there for a second, i want to bring monica crowley into this.
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>> hi, monica. >> hi, veronique. stuart: i'm just the guy in the middle here. well, we ran a brief clip from a young lady who wanted to sell mistletoe for her braces, okay, you know about this young lady. give me a brief snapshot, this is the free market. >> i do and by the president obama back in the day described a short tenure in the free market and he described it as quote, behind enemy lines. decribing the pre market. >> little madison her family is in dire straits and she needed braces and she picked mistletoe and fund it for her braces they threw her out of the public part and needed a permit and meanwhile, there were folks there begging for money who were allowed to stay in the public park, she was not. she's now parlayed this into a pretty successful business and hired 38 people, some of whom are homeless people in desperate need of a job.
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she's now sold 12,000 bags of mistletoe, not only can she pay for her braces and she's helping needy kids pay for braces away and giving about one third to charities, local charities and the rest are going into her college fund. so, god bless her, that's the free market. stuart: veronique i'm sure you'll agree with that. i have to move onto another subject. >> this is why, this is because there are people like this that i'm here. stuart: yes, precisely. thank you, veronique. peugeot, raise that issue, the french car company, i say it's collapsing. general motors sold their stake in the company and it's way, way down, i say that peugeot is collapsing and i say that francois hollande in france doesn't want to see them go under. >> it's true for them for sure, the fact that they have a stake
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in the viability or the success or failure of private companies is absolutely wrong. pnd in fact, i mean, the minister of finance has stated in february this year that peugeot won't fail. there's no way they will allow it because there are jobs at stake. and it's completely crazy and i will go further. actually maybe peugeot would have a higher chance of selling cars at a price that people want if the government wasn't involved and allowing them to engage in a lot of mismanagement. stuart: i've got 30 seconds, i want to ask you a personal question. if you don't mind. last time you were here, you were in new york, you had your parents with you visiting from france. did they understand why you've come to america? >> they absolutely understand. in fact, my dad works part-time outside of france for these reasons and i think right now,
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it's particularly striking the difference. and as bad as it is here, it is really, really stunning how far the government is trying to go in france. so they get it. stuart: yeah, i have the same reaction from my mom and dad when they came over to visit me many years ago. they understood why i'm here. and veronique, a recovering european, thank you for joining us, we appreciate it. charles. charles: you look at the public opinion polls in france and a lot of people may be getting it. this is probably the worst poll, president in the history of france right now. stuart: the largest expatriate population of french people outside of france is where? do you know where? >> montreal. stuart: london. charles: really? >> yes, huge. time to get in the spirit, the christmas spirit. one thing that's not selling this year, new christmas music. find out why you'd rather listen to songs like this. ♪ i'm dreaming of a white christmas♪
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after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. ♪ stuart: okay. i was going to sing along with that but frank sinatra's mistletoe and holly, christmas classic. they don't make like that anymore. sales of christmas albums, new christmas music down, selling and hundreds of thousands, not the millions like they used to. is new christmas music dead? who better to ask and grammy nominated producer sean doubt. he has produced 18 number one
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signals in the last we years, big names in the industry. justin bieber, you name it, this man has worked with them. you tell me, why doesn't new christmas music sell? >> good question. i think one of the reasons i feel i haven't even done a christmas album, because people really love classic christmas music and i don't think a lot of current artists focus on christmas music like some of the greats. stuart: how would you have produced some of the classics? if you are producing one of the songs we always hear, i am dreaming of a white christmas. if you were producing that what would you do with it?
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>> what i would do honestly, if there is no way to really reproduce a classic record like white christmas and sort of make it better, i probably would try to write and produce a new record just as good as white christmas and if i was producing white christmas, i probably would stick to the script and try to work on one of my favorite vocalists and try to sort of give and amazing rendition vocally more so than musically. because i think that is really what the whole thing about the whole thing about christmas music is, the emotional attachment to the feeling and the notion of christmas. stuart: what is your favorite christmas song? >> you hit the nail on the head, white christmas.
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i love white christmas by nat king cole. stuart: i like it because i associate that with my childhood. i was listening to that as a young man waiting for the presents under the tree. christmas music has to take me back to the time when christmas was magical. that is why i like what is old and not necessarily what is new and you coming from the same place. but you like to make a christmas album. >> i want to produce some christmas music and next year i am aiming for 214 being the first year, that i take an approach and work with some of the greatest artists in the world, producing some christmas songs. stuart: i will jump for one second because we were all surprised to hear that last night beyonce released her fifth album, released on iitunes and
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crashed itunes. that was a surprise. >> i.t. o love beyonce. she is amazing. she works so hard, at some point putting so much thought in to a promotion strategy. you need to let the public choose what record they like and give it to them and don't tell them you are giving it to them. let them find out. stuart: it certainly worked. what a privilege to have you on the show. you are one of the greats in the music business and weate it. come again soon. >> i always enjoy your show.
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stuart: you watch the show? i know you are still there. >> i do watch your show from time to time. i am always on the road and always busy but i catch you a few times and i enjoy especially since i was on the first time i pay a little more attention. stuart: we really like you. one of the greats, thank you very much. favorite christmas song, charles? charles: it changes. i like white christmas. stuart: don't say bruce springsteen. charles: net king cole, the classics. more recently chris brown. i like that lot. separate the person. stuart: moving quickly around. >> there was no voice like nat king cole but i also like the band live aid. stuart: you can tell it is of friday. adobe, the software company cashing in big on the crowd.
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we talk to the chief financial guy after this. the stock is up today. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses if hey breathing's hard.me, know the feeling? copd includeemphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment
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stuart: winter storm bearing down on the east coast, along the i 95 corridor. we think this will be a big weekend for online shopping. a big name you know, adding 4,000 new jobs, 23 new vehicles next year. board stock is up but not much. twitter hitting another new high, 657. down big, one of the ceos is leaving, 62. yahoo! the last hour, stock hit 40. it is hovering around 40. adobe had a lot people signing up for the cloud business. the stock is up and the chief financial guy is here. what is with this cloud business? we will explain.
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you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. youroney needs an ally. stuart: look at electronic arts, three of their games among the top ten sold in america last month and stock is up 7%, that is a rally. this is the trading stock, racks base hosting, this is the in and out. charles: the more volatile higher risk idea, they missed the street by 31%, cloud play, talk to adobe about that. they are gigantic player in this space, hybrid clouds, one of the problems for the company, they
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always boast -- stuart: a terrible chart. charles: there is an old axiom about buying on weakness. it was downgraded this morning but the target is 39, higher than this. that tells you how oversold it might be. on the last report, 5,050 employees up from 5,000 to 72, a quarter over quarter. that is good for business. you got to start the jobs. they will be acquired but even if not. adobe very much into the cloud business, good numbers from a too. the cfo is the chief financial guy from california bob garrett. could have you with us. our audience will turn you off if you get technical. from the get go you are not
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allowed to talk about price earnings ratios, can't talk about your stock. you have to explain what you are doing in the cloud business. you have 20 seconds to make me and our viewers understand the cloud. >> the world content, there's a world content explosion going on in a world and that content is moving on line. two big businesses are helping people deal with that content. for 30 years we helped create content using products like photoshop, that is moving to the clout as a subscription model and we have $1 billion business in digital marketing to help people understand what happens to the content and businesses platform their web site. stuart: you lost me and everyone else because you have not explained the cloud. try again. >> we have a business in digital media where people create content and that is now
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subscription offering. you can subscribe to photoshop and use the product in the cloud, download the product to your desktop from the cloud, sink, share and store your content and collaborate with other people that are creating content. stuart: now i got it. there is a giant server farm some place and renting space in it, you are renting space in it. i can connect to it and bring my stuff out whenever i please. is that accurate? >> you can bring your stuff out whenever you please and share it with other people and constantly getting product updates. as opposed to buying a product of of a shelf in a sport where it fails quickly. stuart: i take my hat off to you guys. you are a very innovative company, you have been around long time. i am referring to photoshop
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which i can use can't the cloud. two pictures of jennifer lawrence, one not photoshop and one photoshop. you work wonders. photoshop is yours, you are doing well with it. >> we are doing well with the creative product line and digital products marketing line. we had great performance and we are transitioning that business to the cloud. one of the largest software companies and fastest-growing software companies in the crowd space. stuart: i am now the wiser and i think you very much for figuring this out for me. your company is in the cloud. see you again soon. the stock of adobe is 10%. the gunmaker, putting out a new at using a woman, defending herself, ending with a little humor. we will play you the ad and talk
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about it next. every day we're wking to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor.
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our commitment has never been stronger. see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare.
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♪ >> somebody picked the wrong girl. stuart: pretty good. i am not exactly sold but that was pretty good. charles: seem to like a commercial for a good movie. i want to see the whole story. it was pretty good and that is the perfect target audience. women want guns, want to protect themselves and you hear more about how women have protected themselves. stuart: in the surge of gun sales we have seen in the last four five years women play a significant role in leading the demand.
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charles: a couple years ago taser came out with different colored taser is specifically for the woman's market. you are right. stuart: they have a pink and done, i believe they do. i have not seen it but i believe they have got one. you and everybody else heard my rant on cellphones in airplanes in the last hour. after the break you get to chime in. your take is next. [ 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 not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. ttdd# 1-800-345-2550 can take you in many directions. searching for trade ideas that spark youruriosity tdd# 1-800-345-2550 you read this. watch that. tdd# 1-800-345-2550 yolook for what's next.
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i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? need your timesheets, larry! stuart: earlier i gave you my take on hall i disagree with the government on allowing people to talk on cellphones during flights. here is your take. helen says please know, bad idea. we will end up with more airplane rage incidents and the flight attendants will have to referee them. nascent says how about letting the airlines decide and leave the government out of it. good idea. alan chinese and i don't think it will be any different than on a bus or a train.
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not sure about that. tube up in a little tiny -- charles: no where to go. in a bus they make frequent get out. you may be lot for three four hours with someone yelling one of these obnoxious new yorkers -- stuart: wait a minute. obnoxious new yorkers? you think obnoxious people orally in new york? charles: we are the capital of obnoxious people. they are all over the place. we had a capital of them. we also the capital of people who don't care what you think. if they're talking on the phone who cares? stuart: no cellphones on planes? charles: if we do it we better have an air marshal every flight. stuart: you are good man no matter what they say. dagen: i don't know if charles can hear me but who is going to bail me out of jail, the next person whose stepson my dog? thank you.
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the list of problems with obamacare keeps getting logger as another key deadline is pushed back. do you want companies to know when you have red hair e-mail messages? google doesn't seem to care, telling companies whether you like it or not. another board will flu season last year. the cdc seems to think we are off to a better start for this one. eliminating the chance for human error. going with your gut should be something when it comes to your business decisions. all that and more this hour. connell: share more of your tweets as we go through the hour. don't trust your gut. that is the one thing you should take away from the show. dagen: i did not punch the women in the face. connell: the data would have put
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