tv Varney Company FOX Business December 17, 2013 9:20am-11:01am EST
9:20 am
♪ imus, imus, imus in the morning♪ >> the president sinks in the polls. obamacare and spying are his big problems and today, a white house summit on both issues. good morning, everyone. all the big names in technology will meet president obama today. he's taking heat for the website fiasco and nsa snooping. maybe the techies could help with that. he needs help. the headline in "the washington post," polls obama suffers most, he's lost ground to the republicans on every issue. more than half do not approve of his performance. very bad news going into an election year. two headlines on technology for you. facebook will push ads right at you starting thursday and amazon buys an on-line payment company.
9:21 am
and we bring you this viral video on how to deal with annoying cell phone users. >> yeah, me, too, i'm sitting here at the airport waiting to get on the flight. yeah, oh, and i'm sorry-- oh, a b-plus, that's good, congratulations, that's not-- you know, reception is kind of bad here, i'm going to move over, it's better here. it's definitely better here. once, there was a man who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swi from td ameritrade. yep. got all the cozies. [ [ grandma ] with n fedex one rate,
9:22 am
i could ll a box and ship it r one flat rate. so i kn untilt was full. yod be cra not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can ke better health decisions. that's health in numbers. unitedhealthcare.
9:23 am
we've been saying it all holiday season and saying it again, on-line shopping is king and we've got the numbers. this from the national retail federation. half of shoppers will finish on-line and that's what they're saying in the 11 years they've been doing the survey. another reason for on-line, the northeast in the grip of another snowstorm. new england will be hit with
9:24 am
the latest storm right before christmas and tough to get out of the house and into the store through the most populated part of the country. loggiig on sure looks attractive, doesn't it? and lots of other news coming your way this morning. glaxosmithkline saying it will stop paying doctors for promoting its drugs and stops sales of targets in the marketings staff. a big change in the marketing of drugs. next one, reexpected medical publication has this to say about vitamins, stop wasting your money, they will not protect you long-term. and general motors has a message for the feds. that 10 billion dollars that the taxpayers loss on the bailout. sorry, they're not going to pay it back. they all lost and the union health and pension fund won big. now let's focus on the markets. the dow is going up again, in j us a couple of minutes we're going to take you there live. first, this from monday night football, the ravens versus the
9:25 am
9:26 am
we talked about axiron. the only underarm low t treatmt that can restore t levels to rmal in about 2 weeks in mosmen. axiron is not for use in women or anyone younger than8 or men with prostate or breast caer. and children should avoido are contact where axiron is applied as unexpected signs of puber in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medicati serious side effects could include creased risk decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while eeping; and blood clots in the legs. common side effects include skin redss or irritation where plied, increased red blood cell count, headache, diarrhea, vomiting and increase in psa. ask your doctor about axiron.
9:29 am
♪ ♪ celebrate the holidays >> got enough of that, that's if a la la, a christmas song currently on the adult charge. the woman who records it is elizabeth chan. and she joins us. and her goal for her song to become a christmas classic. tell us what you think of fa la la. and arthur brooks is with us for the show today. all right, arthur, no inflation. >> right. stuart: the economy is still weak. >> it is. stuart: why shouldn't the fed keep on printing money? why not? >> the truth of the matter is there's no inflation because what we call is velocity is low. foreigners are holding onto money and people are hanging onto the bank accounts. velocity will pick up. why shouldn't they print money forever? sooner or later they'll have to
9:30 am
taper. have you ever talked to an alcoholic, sooner or later, you have to stop. stuart: do you think they will announce they're going to cut back on printing money? >> sooner or later. stuart: you don't know when? >> that's what keeps the stock markets relatively frothy notwithstanding the past week. stuart: we're opening higher and the opening bell is ringing right now. it looks like we'll go up 20 or 30 points, close to 16,000. charles: . >> right. stuart: do you think the market says we don't care about the fed. we're looking at a solid american corporation, we're going to buy it. >> that would be great. i believe we're propping up stock markets with pretty easy money and continue and what effectively has made the rich richer and excluded those on the bottom of the income scale and the objectives we were trying to avoid during the obama administration. we'll get into more of this later. let me cover the opening of the market.
9:31 am
we're up, and the opening bull has rung. we're up 27, 30 points now and puts the dow back above 15-9. a couple of individual companies to report on the facebook, let's start with that. it will start video ads that will automatically play on your news feed. shah galaly is next. it's good for the revenue? >> if they tried to roll it out in the summer, it was held back and the loading time took long. and i think they'll profit from it handsomely. stuart: moments ago facebook hit a high of 55 and only backed off a little bit since then. i guess the facebook investors like the idea of additional revenue across the transome there. amazon, close to a deal to pai
9:32 am
paypal's competitor, go pay go. i think that amazon is the most interesting company and i don't care if they plow back their profits into the business. but you don't like amazon, do you? >> i don't love amazon for several reasons. one of them obviously their p.e. is about,1400, which is out of this world. and i think they're expanding and going to end up being a technology company more than the retailer that they are essentially. and buying this as an on-line provider for payment services, i think they're behind the curve and it's going to add incrementally and the margins margins-- i'm not inclined to buy the stock. if you own it, god bless you, terrific. >> we're putting it on $400 per share watch today even though it's opened just a little lower at 388. we're looking at it. back to you in a second. today the president's going to meet at the white house with some of the biggest names in technology. and they're going to talk about the nsa spying problem because
9:33 am
the users, the tech companies, they're also going to talk about the obamacare website disaster. the tech names that are going to be there include apple's tim cook, twitter's dick costello. marisa mayer and cheryl samburg. what's your take on the meeting? >> the people who have traditionally been supportive of the presidency. he's doing the smart thing and getting the gang back. will it work? these are smart people and policy largely ineffective at best. look at the nsa sca achla scan the obamacare. and the people will see through it. sttart: it's pr, isn't it? it's an optics occasion. >> sure. that's a normal thing to do. if i were the president i'd probably do the same thing. stuart: they're going to get down to the knitty gritty,
9:34 am
especially on the nsa spying scandal, the technology companies are being used to by the nsa to record all kinds of stuff. they're being sued. what is the president going to tell them? >> i knew you liked me an awful lot and maybe the relationship hasn't turned out great. >> what would happen if president bush was in the white house and the scandal was erupting? >> it would be a much, much bigger deal. particularly in the mainstream media. it would be a betrayal of american values. that's muted and greatly etenuahed. stuart: you don't know what's going on? >> these are the smartest people in the country. stuart: he's on their side and they're his supporters, he's got to keep them on his side. >> they are independent thinkers, however, whether or not they're on his side or not on his side. something constructive will come out. stuart: you're with us on the
9:35 am
rest of the show, lucky you. >> thank you, stuart. stuart: to nicole. a study says do not waste your money on vitamins. centrum made by pfizer, not much impact on the stock? >> the stock is slightly to the down side. the big picture. this could start to catch wind of this report that vitamins don't help you. as a matter of fact, some of the reports actually say they could forget beneficial. how about harmful and they certainly don't help fighting cancer and according to the report. they don't help with cognitive memberly in the long-term. don't help heart attacks or chest pains. whether you spend hundreds or thousands on vitamins, the end, according to this one, says forget about it. stuart: i spent on grapefruit and blueberries.
9:36 am
>> smart man. stuart: why are you laughing, arthur brooks? >> i'm not laughing at you, i'm laughing with you. stuart: 50% of all holiday shoppers will finish the last minute buying on-line. not a bricks and mortar stores, it's the largest percentage in the 11 years of the survey. shah galani, are there any on-line stocks that you like? >> not in particular. i think they've all had their run and late in the game at the point of the season to buy them. i prefer visa, mastercard, amex. and delivery service, ups and fedex.
9:37 am
you're in and out maybe ten minutes later or ten days later? >> no, no, we're in for months, weeks, years, depending if the position is going our way. that's why i pre pre fear an amex, visa, and 2.4% yield. we like that incremental dividend income and hopefully get the appreciation on the stock side, too, as opposed to a highflier on-line store who in the first quarter can see the first quarter numbers drop and the stock would drop. we're unlikely to play those from the angle late in the season. >> for full disclosure, do you own ups? >> no, we're looking to the first quarter to buy some of the things. i think they're going to get discounted and we'll see activity in the first and secondcator and we're going to look for our points there. >> thank you very much indeed. new washington post poll. it's not. yes, washington post abc news, reveals that most people trust
9:38 am
republicans over the president to handle the economy better. republicans are on a 45% the president gets 41%. and that, arthur brooks is an enormous turn around. >> it is, it is. and the more incredible thing comes from a quinnipiac poll and it shows with the generic ballot, if you vote in the race, a republican candidate or democratic candidate. republicans are ahead 41-38. this never happens even if the republicans are sweeping in the polls, typically they're a little behind. the fact that this has inverted should be an area of heartburn for the democrats this year. stuart: you and i see eye to eye on economic policy and i ever if a free markets, i think we'll agree on that one. >> indeed. if we get a substantial shift in politics in the november 14 elections, we really change the construction of the house and the senate, is that enough to reverse the economic policies
9:39 am
which we've had for the last five, six years? >> well, it really depends on the orientation of the obama administration. the obama administration will control the white house not with stamping the fact that the republicans can hold both houses of congress. there's a presidential veto. rolling back things like obamacare, dodd-frank, all the things that you and i believe are the most damaging are the pa of the obama agenda. stuart: would he use the veto on those issues? >> i believe he would. his signature achievements are obamacare and dodd-frank. will he have a change of heart? that's the question. stuart: i say no. >> i say you're probably right. stuart: can you think of any major policy yir where the president has reversed coast. >> no, i see nothing more than doubling down as a politician in the second term. stuart: stay there. >> i will. i like it. stuart: check the big board, we've turned south.
9:40 am
we're down now 3 points. 3m and boeing, they're two stocks that are part of the dow industrials. they've announced bigger dividends. they are up this morning. charles is going to have more on those two stocks in particular a little later in the coming hour. two tech headlines for you. first we brought it to you at the market open. facebook planning video ads in your news feed whether you like it or not and our prediction team tells me it will be annoying. after the break, a guest to disagrees. we can't forget about the company that makes the big dog robot. we love the video. tech is the future and we'll explain it all in just a moment. ♪ clients are always learning more
9:41 am
to make their money do more. (ani take scottrade's free,xt in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they kw i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates.
9:42 am
the energy in one gallon of gas is also enough to keep your smartphone running for how long? 30 days? 300 days? 3,000 days? the answer is... 3,000 days. because of gasoline's high energy density, your car doesn't have to carry as much fuel compared to other energy sources. takehe energy quiz. energy lives here.
9:45 am
>> where is the price of gold this morning? i'll tell you, close to 1200 mark. i can squint and read that. 1238 right now. a couple of big names and they're dow leaders. 3m increasing its dividend, for a big stock like this a 2 1/2% gain. a solid gain. boeing increasing its dividend big time and that stock is up $137 on boeing right now. and the wall street journal reports that facebook is going to begin selling video as they'll automatically play in users news fees. and from social radar, how are you, shana? i say the ads are going to be intrusive and i think they may turn off facebook users, what say you? i disagree, i think that
9:46 am
facebook is looking for ways to make revenue. for a users i can scroll through my news feed and you see the videos that might be interesting to me and then the biggest key here is that sound is not going to be playing on the videos. so you're not going to hear the videos and they're not going to be annoying in that way and if you see details and information that you'd like to click on, you'd like it in your news feed. stuart: okay, the stock is up as our viewers can see at the moment. i think it's up because the video ads mean ad revenue and on facebook, they love a little more revenue. let me move onto another subject. i find this intriguing. an australian textbook rental company is ahead of amazon in using drones to make deliveries. and you know all about this. as i understand it, i don't know the name of the company, but they're planning to use drones to deliver books next year. they're ahead of the game, right? >> they're ahead of the game and though, you know, just based on the new game.
9:47 am
the company in australia is going to implement this in 2014. so students in australia will be looking up to the skies to deliver, to get their textbook rental deliveries. stuart: we're looking at their video right now which shows a little drone near the sydney harbor bridge. if anybody knows australia they'll know why drone delivery works. it's a vast country. and as arthur brooks just told me, there are not many trees to hit. and i guess it's within their scope of law in australia to do this, right? >> right. and the u.s. is obviously working on those regulations around the year 2015, but in australia right now they're prepared and we'll see great things from that company with their delivery. stuart: you know what you're talking about. i'm sure you've seen our video the big dog thing. and boston dynamics is a robotics company and they bought it and yet again, they're playing it for our
9:48 am
viewers. what do you think that google is up to here? >> boston dynamics is one of the robotics companies they've purchased in the last six months. they're building up at google under great leadership to do amazing things with robotics in the year 2014 and beyond. stuart: it's that kind of company, isn't it? a huge amount of money and expand into areas that may be useful in years to come. google gets my vote along with amazon as two most innovative companies. >> between the google glass and the drone delivery plans for amazon, i think they are cutting edge and they're going to lead us into the future. stuart: do you think that google glass is going to be a success? >> i think that it's-- i think it's already a success and i think they've got work to do when it comes to the style elements, but having a tiny computer in front of your eye,
9:49 am
delivering information relevant to you is a draw for a lot of. stuart: thank you for being with us, social radar, appreciate it. >> thanks. stuart: arthur you're almost laughing and raising your eyebrow. you don't like it? >> the google robot, that dog? it's disturbing. i don't know why it disturbs me, but the dog without the head? >> it looks like two guys in a robot suit. [laughter] that's what it looks like. i just find that intriguing. how about using that as a smart wheelchair. >> yeah, sure, the key thing to understand about google and companies, it doesn't really matter if google glass is the in exbig thing. the most important thing, this is a company innovating on a regular basis, again, coming across the transome across to people. and one behind it, not the one
9:50 am
9:54 am
familiar face to sports fans is taking an all on-line gig in the prime of her career. she's helped to launch an on-line sports network. i think that may be the future of broadcasting. she's going to be here. the viral video that has the solution to annoying people who talk too loudly on their cell phones in public. you've got to see this. the american studies association represents about 5,000 professors at american universities. the association voted to boycott israel. here is my take. what a disgrace. israel is the only democracy in the middle east, it's our ally and arabs live with rights undreamed of in other countries and treatment of palestinians is quote one of the most ethno societal of our times. i'll ignore that statement.
9:55 am
and what they say about america's elites. they don't like america, they have drunk the kool-aid and infected with the disease of self-hatred and think that america is bad and our history is bad and we're always wrong. the elites running entertainmenttand media films, and they're in the public eye and spread the word that america is not to be trusted. billionaires with a guilt complex, we shouldn't keep all of that money and executives looking for pr, tax me, tax me, all that money is wrong and the left has taken over some of our most important institutions, this is not good. two final points on israel. one, there was a huge snowstorm and serious flooding there recently, the palestinians were desperate and pleaded for help with the hated israeli defense force, they got that help. two, israel is the source of several innovative and life saving drugs, will the
9:56 am
academics who hate t-- so-called hate the country turn those down? no. they have disgraced themselves. every step of the process, making it eaer to try filters and strategies... to get a list of equity options... evaluate them with our&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's optionslatform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. mm. mm-hmm. [ enne revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz your wish list at the winter event going on now --
9:57 am
but hurry, the offers end december 31st. [ sant] ho, , ho! [ male announcer ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for t yrs... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.
9:59 am
10:00 am
ring for. she quit her job, recorded her song and is going viral. online shopping explodes this year. the malls are changing already. the mall makeover company for you. a judge rants about the crash. why has nobody gone to jail? our own judge responds. the great thinkers on the right define happiness. for me it is family, church and money, liquid freedom. ♪ stuart: they are laughing about my liquid freedom comment. how do these people know? we are going up a little, we get to the negative and up 7 points, 0 dow components are increasing their dividends, boeing and 3 m. some people say these companies are dressing up their stock so they look very attractive if the
10:01 am
fed decides to print less money. charles totally disagrees with that point of view. charles: i can tell you how much i disagree. these are gigantic behemoths' with 5 to 20 year game plans. what you are seeing is extraordinary confidence, amazing confidence based on the global economy. last month the dubai air show, $192 billion in orders the first day alone. i got to tell you going pretty magical, 5, 35,020. over the next 20 years most from outside the united states, that is confidence. 3 m in the last quarter, 36% of revenue from united states, the fastest slowest growth ever, 4%, asia grew by 6%, latin america by 10%, and global economy, last week mastercard, same thing
10:02 am
amazing, $1 trillion in volume using their cards in a 3 month period, $300 billion came from america. imagine america grows but the rest of the world keeps exploding. this is your confidence. charles: held over for the second hour. didn't think to add to that from charles. >> interconnectedness, the world economy and the fact there are places where confidence is better than the united states. this portends very significant things for the united states. there are parts of the world economy that are moribund but those are not part we need to be focusing on. charles: stuart: american corporations, multinational corporations are doing very well. charles: the political negthis, about moving at $10 billion plant out of washington state to save money on labor. there's a gigantic fleet,
10:03 am
incoming inequality fight and capital getting all the rewards and labor getting none. imagine how people will leap on this. boeing a 10 billion share buyback, shareholders, what about the workers? stuart: a fighting an uphill battle but this is a big point charles is making as well. in the united states as we see economic growth and a rebound is going to be asymmetric. there will be winners and losers, not rich people and low pour people, it will be good states and bad states with respect to policy. why is texas better off than washington state? why will a little wet behind? bad public policy, social democracy right in america. stuart: don't expect obama to reverse those bad public policies, not the state level but the federal level too. charles: this will fan the flames more. stuart: start with facebook, we told you many times we will still video ads, automatically play on your news feed. i say that and lis users.
10:04 am
are tech guest will ask our said no, it won't. market like space will. it is up 54, hit a new high of 55. amazon may be close to a deal to buy the paypal competitor and go pay go. more on the future of shopping later this hour. amazon reached nine. look at twitter the day after hitting a high above 60, despite a couple downgrades. charles twitter at 56, you like it or not? charles: of head scratcher for me. there is no doubt about it the most bullish guy on the stock everybody hated went bearish yesterday. two downgrade yesterday. this one to me has become a day trading darling to the upside. as you see in front of the screen all day long and play around with it fine. other than that i would like to see the next earnings report before i touch it. >> one of the things we are seeing in washington d.c. is twitter is the future of news.
10:05 am
they are upgrading all of their investments in news gathering capability in the dissemination of news in we have never expected before. this will revolutionize italian operation is disseminated in my business and other businesses and that has long term structural implications. stuart: a couple months ago we found out about an earthquake on the other side of the earth before the u.s. geological survey because of twitter and news operators. how to make money out of it is the thing. >> they will figure and out. that is what capitalism does. stuart: don't you love it? >> young people love twitter because of their attention deficit disorder and need everything in 146 characters. stuart: we have drugs for adhd. >> that assumes obamacare can pay for it. stuart: we have a read on homebuilder sentiment. any reaction to the home builders? nicole: when i talk about huge
10:06 am
reactions these stocks, when are slightly higher, the numbers a great number, came in at 58 versus 54 in the prior month. doesn't look like they're doing much better if you are an investor, everybody knows the number coming out at 10:00 you could have played this. look what happened with lennar, and in today's chart. what you see, let's see, there you go, that tells you the story. you see how it moves to 34, 35, straight into positive territory to the highs of the day. stuart: one of the very few occasions we show a chart. we don't like shark occasionally -- that is a cool chart. it tells the story. they rarely tell the story. that are told the story. are you with me? nicole: i am with you. stuart: serious subject, an
10:07 am
unprecedented move, federal judge kenneth blistering essay in the new york review of books arguing not enough has been done to prosecute high level executives for their role in the financial crisis. 2 -- too big to jail excuse is disturbing, when he says about the department at apparent disregard for equality under the law. should more be done to prosecute criminal the executives who may have had a role in the crisis? all rise, judge andrew napolitano. >> should more be done to prosecute executives the right one? or is the question should a lifetime federal judge be complaining not enough people are prosecuting because if the second one is the question which we talked about at an ungodly hour earlier, if that is the question think about what this judge has done. he has removed himself from presiding over these cases
10:08 am
because who could get a fair trial when the judge has been complaining not in a potential criminals -- stuart: the point is they are not brought to trial, prosecutors don't -- judge napolitano: matt is a valid legitimate acceptable argument being made but not by a federal judge. federal judges have the judicial ethics, if body of ethical rules, to affect public opinion from outside the courtroom. you don't see judges on soap boxes and this judge and i only know of one another, who write these essays trying to pin prick other branches of government to do things. stuart: we shouldn't have done it. judge napolitano: shouldn't have done it. if you want to be an sas -- stuart: do you think prosecutors should have pushed through the trial process and taken it to trial because they haven't? they take money off of big
10:09 am
banks, financial institutions. judge napolitano: the jamie dimons of the world's, not because charlie gasparino wants me to say it. should tell the kids to take a hike and try these cases rather than giving in to them. no jury would possibly -- jpmorgan chase bank $1 billion because they lost some $4 billion. what good is served by that? charles: why don't they fight it? jamie dimon seems pugnacious. stuart: his board doesn't want him to. before talking $100 billion the industry paid out of a paid a fraction of that -- judge napolitano: here is where i agree, the government is not interested in justice. the government is interested in cash. the money does not go to the victims. there is no victim here. jpmorgan lost its own money, the money goes to the federal
10:10 am
treasury. stuart: leading tech ceos eating at the white house, the big deal, the spying scandal on top of the headline, the nsa phone tab program was, quote, almost certainly unconstitutional. you certainly agree with that. judge napolitano: this is the first judicially base jurisdiction only based ruling on the constitutionality of the nsa spying. what do i mean by that? pfizer court judges over the last ten years going back to 2006 have said the nsa may spy on its constitutional ban as a clerical function, no case of controversy before them. this is the first case there was a case of controversy. somebody sued the federal government and ask the judge to stop the government from spying. it is unconstitutional and it doesn't work and i will stop it from spying but i will stay my decision until the appellate
10:11 am
court to rule. stuart: used as vehicles for the spying the nsa went through to record all of this stuff. they represented at the white house meeting today. judge napolitano: some of our not happy. stuart: getting sued. judge napolitano: some were intimidated by the nsa and compensated by the nsa and some were spied on by the nsa after they partner with that. stuart: the president has some in the white house. judge napolitano: after the gulf spill. work with us. i will come after you. these craven ceos will probably collapse and say i will work with you. i hope i am wrong. happen, was times in the past. stuart: arthur brooks, the star of washington d.c. in our personal opinion is here. judge napolitano: he is not a
10:12 am
craven -- stuart: in the new york times on sunday, formula for happiness. breaks down the key factors to our happiness. the formula says 50% comes from genetics. that is interesting. 40% of your happiness comes from your life events. that we've 12%, 12% of your happiness that you can control. explain yourself. >> 48% is genetic more or less. happy all the time and did a good mood, not because they have a special secret potion or something to emulate. they have good parents. 40% comes from anything but bad happening in your life, the big goals and circumstances, 12% there really matters is under your control right now has to do with your values and choices and there are four things we have been adam: to isolate. social scientists have figured this out. do nothing but these four things, pay attention to these four things, giving people time
10:13 am
to write this down. number one, faith, number 2, family, number 3, a community, a charity and friends, and number 4, work. stuart: money. >> not money. above the level of poverty money brings varied little to virtually everybody. subversive on this show. my ph.d. -- it is work, meaningful work, earned success, the believe you are creating value with your life and in the lives of other people is the background of leaving a dignified life. stuart: we are not allowed to enjoy one's money. i call it liquid freedom. benefits to all kinds of things, some joy --
10:14 am
>> the father of modern entrepreneurship said is just a scoreboard. this is how people keep score. is important to be allowed to do so because that gives aspiration to everybody else. we are not an envious people. judge napolitano: the founder of rite-aid made a fortune before he was 35 and spent 40 years as happy as a clam giving away. >> the spirit of the season. i know it is coming in. merry christmas, steward. don't be a scrooge, stewart! stuart: thank you very much. we appreciate it. it is called campus insiders.com and could be the future of how you get your college sport. forget traditional tv. the internet is king. we will show you next. ♪
10:15 am
[ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in e u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds 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. 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.
10:16 am
you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? t answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here.
10:17 am
it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. thiss the quicksilver cash back card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. now tell me, what's in your wallet? try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align.
10:18 am
stuart: taxpayers lost $10 billion on the gm bailout, the chief says the company will not pay the money back, the government to risk like any other investor. gm stock is at 4173, that is very close to its high. and we have campus insiders, the first digital only college sports network. original live high-definition programming, the network features original programs hosted by two and seiders. this morning we had bonny bernstein, there's no and, bernstein, she is with us, veteran sports journalist and vice president of content and branded development and the face of campus insiders. i say you are the wave of the future because you are distributing this network free online. that is what is new. >> the wave of the future but we are seeing it creeping -- the great thing about campus insiders is we are not
10:19 am
authenticated. for the layperson that means basically it is free. when you want to watch premium content online you have to put in your cable subscriber information so you have to have that subscription to access it. with campus insiders you don't need that, to watch it on any second screen whether it is your computer, smart phone, tablet, live events, studio events, il content to video-on-demand. stuart: college sports. where is your studio? >> in chicago. we also know -- is one of the big differentiators for us. we had insiders all over the country, more than 60 of them embedded on campuses, play-by-play folks, analysts, reporters and dealing with coaches and players on a day-to-day basis, our eyes in the years and all over campuses so we get a wonderful unique perspective from people who know. stuart: you admit it is relatively narrow focused for
10:20 am
the content matter. >> very much so. stuart: narrowly focused but you can get a decent audience because it is free and available to anybody with an internet connection. >> there's a huge appetite for football and basketball and olympic sports. we have 1600 live events every year. stuart: why are you doing this? everybody knows you. you are a well-known personality on traditional television, people know who you are, but you've got a totally different route now all. why do you do that? >> i have been doing this 20 years and always try to stay ahead of the curve. katie couric is doing the same thing being a global anchor for yahoo! sports. we see the future and understand people not tethered to their televisions anymore, they are consuming video content on their computers, on the tablets, they're smart phones. why not push content to those media? stuart: i have an iphone.
10:21 am
i am just getting used to it. y everywhere i go. >> as long as you have wi-fi access. you can watch our games, our studio content and we are a network, we talk a lot in our industry about being able to geotarget and college sports is so regionalize. studio programming as soon as those shows are over we put the on video-on-demand and use campus insiders as our brand ambassadors and have a phenomenal partnership wiih ing, one of the strongest -- stuart: we are just giving you enormous commercial. >> but -- stuart: what is the name? >> campus insiders. stuart: good luck. it really is a very interesting new development. very brave of you to get out and do this. the costa concordeyea.
10:22 am
10:26 am
stuart: former epa employee john beall faked his resume, built the agency out of $1 million claiming he was a cia agent, top-secret assignments, took years of paid time off, pleaded guilty to stealing from the federal government and will be sentenced today. he will be spending about 30 months in of federal prison, 30 months. president obama meeting with the names in tech. netflix chief reed hastingses among them. no impact on the stock. the meeting is separate from the stock price which happens to be up $4 at $3.70. charles is going to jump on the robots bandwagon at long last. he says you make money if you buy a stock called on robot. make your case. stuart: it is already up $5.
10:27 am
the stock made a pullback a lot, last time they recorded, we talk about these overreactions. this is a company that made the transition, so these robots to the military to find these land mines, as these wars have wound down, to sell to the consumer, the ones you see commercials for.% now they have gone to the next level. they have these robots used by hospitals, doctors and businesses, even spy on employees, doctors can use them to be in more than one place at a time. tremendous upside potential. stuart: it is getting $5 today you think there's more in it. charles: your next major resistance that that is 40. may waffle at the top but then make a new all-time highs. stuart: the buy and hold for a long time? charles: i will sell it.
10:28 am
stuart: good sttff. it has been a rough year for the cruise industry. joining the company, kristin cruise lines. and with the bad publicity, has been for the down market cruise line. and the luxury cruise line and that is what you are selling. >> they have affected those brands, individual brands and in general the industry probably has been affected slightly, we are the complete other end of the market, in fact the most luxurious cruise line. stuart: is that the most expensive? >> price is like beauty. we are high price points for the
10:29 am
luxury sector, and in january, the price point for that would start at 38 k. stuart: for $38,000 what do you get? >> on the world's rated number one cruise line and cruise ship in the world by travel and leisure. it goes around the world, starts in l.a. and goes all over the world. stuart: $38,000 is where you start from. i could be in the engine room for $38,000. >> you would be in a beautiful sweet accommodation but it goes out. won best -- stuart: we get three months in a cruise around the world. stuart: three meals a day, at a restaurant on board, a myriad of
10:30 am
benefits. so much so in the 2013 world which is 108 days has been sold out for several months so going forward we are sold out not only for 14 bent 15 as well. stuart: 20 seconds, to sell me on a cruise on your line. >> what do you like to do? once we answer those questions i would tell you to take the perfect itinerary. charles: stay home on account of money. >> you can do that on board. you can check the market, you will get full access and your wall street journal and ipad on board anywhere in the world. in addition you can have the most magnificent vacation of a lifetime that creates memories of a lifetime. stuart: before we let you go we wanted to ask about this pan seen at.
10:31 am
and gender stereotypes. that ad addressed people doing the same thing as a woman but regarded differently. you are the ceo of a big company. do you get that feed back as a woman in that position, do people think of you and react differently to you if you are a man? >> yes initially. if it is the first time they are meeting and i'm walking into a board meeting or any meeting and they haven't met me before perhaps peaking in broad strokes the gentlemen in that room have a different perception. >> at times.are not up to? stuart: how long does it take to convince them? >> 60 seconds. stuart: thank you very much for joining us, we do appreciate it. you didn't quite sell me. >> we need more than 20 seconds. see you after the show. stuart: thank you very much. appreciate it.
10:32 am
10:33 am
10:34 am
re shopping. mo dining out. and a wh it, more identity theft. by the time this holiday season is over, more than a million identities may be stolen. every time you pull out our wallet, shop online, or hit the road, you give thieves a chance to ruin your holay by the ti you're done watching this, as many as 35 more identities may be stolen. you can't be on the lookout 24/7. but lifelock can. there relentless about otecting your intity every minute of every day. when someone steals your identity and tries to take over your bank accounts, drn the equity in your home, or even tries to buy a car in your name, lifelock is on the job 24/7.
10:35 am
when they detect a threat to your identity within their network, they will alert you by text, phone, or e-mail, protecting you before the damage can be done. lifelock wants y to be proteed this holidaseason. so they're giving you 60 days of protection risk free. my years as a prosecutor taught me that you have to be proacve to protect yourself from crime. and thas especially true of identity theft. that'shy i'm a member of lifelock. [ male announcer ] no one protects you better th lifelock. and they stand behind their protection with the power of their $1 million service guarantee. in fact, last year, lifelock protected over 2 million pele during thholidays and now they cano it for you. try lifelock's protection 60 days risk free. ♪ ♪ order now and get a special holiday gt -- a document shredder to keep sensitive documents out of the wrong hands. a $29 value free. ♪
10:36 am
♪ because during the holidays, keeping your identity protected means keeping your family protected. stuart: headline from the national retail federation, half of the people who still have christmas shopping to do will it do their shopping online. half of them. what do malls need to do to stay relevant? a new startup is called delivery, might have the answer. joining me is ceo daphne carnellie. you work with more operators and you turn the mall or certainly the big anchor stores in to what i call fulfillment centers when people order online, go to pick up at the mall? have i got it right? >> that is right.
10:37 am
it is a same-day delivery service for merchandize online or in the store. we deliver your purchasees on crowds forced labor pool to your doorstep, same day, any time you want in an hour. stuart: delivered from a store that is a brick and mortar mall, but i buy at online and the store in the mall delivers it to me at my home? that is it? >> you can buy at on line and if the item is in the store in the mall is delivered from there or you can be shopping in the mall and decide you want to shop around and not carry around nd lead your bags all day so you leave the bags up at the store and have the mall shipped to you. stuart: one of the themes of the program is online shopping is killing the shopping malls, basically you have a way for the shopping mall to respond to the queue or on online threats.
10:38 am
is that how you position your company? >> absolutely. amazon, we all know amazon is the big impact, not just ecommerce the retail and one of the biggest impact amazon has made is they set the bar and actually set it quite high to what constitutes a quality customer experience hand to daisy last battleground for creating the quality customer experience has much to do with the convenience and speed to get your purchases to your doorstep and the beauty of all that, the malls and retailers are sitting in the cat bird seed, stores and real-estate and items are smack in the middle of the population centers where everybody lives so they can get those products to you faster, easier and cheaper than amazon can. we are working with everybody together, laying down delivery platform so that we can not only
10:39 am
provides shoppers with the convenience and speed of delivery but do it consistently. and matter where you shop if you are shopping at certain mall, different mall, store outside of a mall, you should be able to get what you want when you wanted. stuart: ever thought thatmazon would buy you? >> i have had a lot of thought. we are looking to give customers the best experience. >> this year, this holiday season, this is the year when online is triumphant. i presume your business is good and strong and growing because you showed them all how to respond to the online people i presume. >> absolutely but the beauty is we do well with both. if the online piece of it goes well that is awesome too because for all retailers customers can shop online and find us at the checkout page. if you have an item shipped to
10:40 am
you, you will see same-day delivery option and the beauty with our model is it will be the fastest and cheapest option so that will be the no-brainer choice or if you are shopping in the mall you get it delivered so you win no matter which battle. stuart: you account -- the co-founder and open to any and all offers from amazon or whoever. good luck with that. you can laugh, we all like vote money. thank you very much. we appreciate it. after the break a person who quit her job to pursue her dream of singing christmas music. is she a success. the music you are listening to, that is not her. this is the classic. our guest wants to create a classic. you tell us if she is successful. find out next. (announcer) scottrade knows our clients trade
10:41 am
and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time tradg. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. hmm. mm-hmm. [ engine rev] ♪ [ male announcer ] oh what fun it is to ride. gethe mercedes-benz on your wish list at the winter event going on now --
10:42 am
but hurry, the offers end december 31s [ santa ] ho, ho, ho! [ male announcer ] lease the 2014 ml350 for $599 a month at your local mercedes-benz dealer. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zon all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free busiss at startup-ny.com. stuart: facebook will sell video and that will play in your news feed. you like that, stock is up a block. amazon may be close to a deal, a
10:43 am
paypal competitor, amazon is now up 389. and pharmaceutical longer promote its product. stock is down. two big names, dow leaders, a 3 and increasing dividend, up 2.5% and going increasing its dividend and that stock is up 1.5%, look at twitter the day after hitting a high above $60 a share despite a couple downgrades, back to 55. our next guest could her job to pursue her dream of recording -- she wants to produce a christmas classic. has she got it? she is here now. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently.
10:44 am
tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. sideffects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactionsuch as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop takg cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. see who does good work and compare costs. it doesn't usually work that way with health care. t 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,
10:45 am
and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. stuart: a big mover, hewlett-packard and it is up why? >> a day when it was under pressure, great performers this year, jpmorgan upgraded today to a overweight from neutral, raised the price target $35 from 30 and this year is up 93%. stuart: 93% on hewlett-packard. our next guest quit her job to pursue her dream of recording a christmas tote -- album. everyday holidays is out, her goal is to record a song that
10:46 am
becomes the christmas classic. here is a snippet of her current single which is no. 7 on the adult contemporary chart. ♪ peter: when you heard a snit that. is that in your opinion a christmas classic? the singer, the writer, elizabeth can is joining us. congratulations. i liked it. what was christmas about? all happy holidays. >> what about half a cup or the other holidays? i want to the song that spoke to how we all share the holidays. stuart: i think you are very brave because you were a big deal. you were an executive producer,
10:47 am
director of integrated marketing. but you quit, you left it all behind, you want to write and sing songs and specifically a christmas classic. >> we spend our whole lives trying to be great, do great things, something occurs to me where i wanted to do great things but also leave something behind that would outlive me and christmas music is the kind of thing that could outlive me if i could do it. stuart: this is an album and they are all holiday christmas songs. >> i have written 327 holiday songs but on this particular album you have 11. and the one we were just seeing, that is number 7? >> number 7 on the billboard which is a testament to people who have a passion. i started my label where i had a
10:48 am
question for this product and in my case christmas season and i went after it. stuart: i have to ask low money question. are you in this to make money or to make a mark? >> for christmas season you are not going to have the big win big hit like most music songs were singles do. christmas songs on annuities and become classics overtime. stuart: that is interesting that christmas songs are annuities but they are a chunk of money that keep coming at you. >> not only that but the value of a christmas song is something you see annually. the greatest christmas records took decades like jingle bells, 40 years to be famous. mariah carey, 20 years old and only now do we recognize it as a standard. this is a long tail. charles: you worked at self magazine. how much that you wrote about, that you published all the time, play a role, do you want to be a
10:49 am
model for others? >> absolutely. i was telling women to be their best and how to take personal and professional aspects of their lives and bring it up a notch and in order for me to do that, those values i had to be true to myself and go after my dream in a way i would for any business. stuart: you are happy? >> the happiest i have ever been. i had no idea -- charles: mr. brooks fit one of the four criteria, big family community -- peter: when you mstuart: you me. congratulations. you know my take on. cellphones and airports, hate it. i am not the only one.
10:50 am
10:51 am
yep. got all the cozies. [ grandma ] th 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. well, did you know that just one sheet of bounce outdoor fresh gives you more fshness than two sheets of the leading national store brand? who knew? so, how do you get your bounce? with morfreshness in a single sheet.
10:54 am
>> governor mike huckabee joins us to talk about changing the nation's direction and will he run for president? never too soon to ask. the 100th anniversary of the federal reserve, why lou believe there shouldn't be at 100 1st anniversary. lou dobbs tonight at 7:00 eastern. stuart: i am sure we all had the experience of people talking loudly on their cellphones ignoring everyone around them. one comedian did something about it. here is the video which is going viral. >> on the phone with somebody -- >> i don't mean to be routed. i said i was on the phone with somebody. got to pick the flight first.
10:55 am
i am on the phone. >> i will talk to you later than. >> great. love you to. goodbye. >> i will text you. >> text me and i will text you back, sounds perfect. stuart: good. that really ticks them off. charles: the only thing i would say is it is funny but i didn't see anyone being loud and obnoxious with their phone. stuart: just being a spoiler with a normal conversation which we all do have on occasion. charles: an update of the jerky boys but it is funny stuff. stuart: do you know why we speak more loudly on a cellphone than the old landlines? because on a land line your voice comes back to you in your ear. on a cellphone it does not so you tend to compensate by
10:56 am
speaking more loudly on the cellphone. charles: there is still little i'm not sure they can hear me. can you hear me? stuart: you are right. she quit her job to pursue her dream and she is a success. your take on elizabeth chan, our guest moment ago. a christmas classic. ve always wo when he retires -- keep working, but for himself. so as his financial advisor, i took a look at everything he has. the 401(k). insurance pies. even money he's invested elsewhere. we're building a retirement plan to help him launch a second career. dave's flight school. go dave. when people talk, great things can happ. so start a conversation with an advisor who's fully invested in you. wells fargo advisors. together we'll go far.
10:58 am
stuart: elizabeth chan was with us to talk about how she quit her very good job to record a christmas album. you had a chance to listen to it. so here is your take on is this or is this not a christmas classic. and he said it was a fun video, the song was great. that is as far as he goes. very catchy, could be added to the list of songs but more of a holiday song rather than a holy day song. and carol says fun, not a classic.
10:59 am
charles, time for you to pass judgment. charles: not a classic, but i'm a big fan of hers, hope she hits her goal. i really admired what she did. stuart: i said you would never recommend hewlett-packard. turns out i was wrong, you did like it. charles: i did it january 14, i was the first person on it. in january this company was supposed to go out of business. we took profits on march 15, made 29%, sold $22 i felt great. stuart: where were you on microsoft? charles: i missed it. stuart: he has an english accent. hey, dagen, get me out of this. it is yours. dagen: thank you, stuart. here comes all the garbage your
11:00 am
tax money is being wasted on. a different way to invest, ignoring the white noise out there. samsung looks to one up the iphone with a scanner. and half of all american uses a multivitamin. this morning we all have to be wondering why. all that and so much more. connell mcshane is here with this hour of "money "markets no" connell: now we don't all feel bad for not taking the multivitamins. dagen: we're going to hear about that in about two minutes. connell: nicole petallides at the new york stock exchange to talk about the market ended up it today.
158 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on