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tv   Varney Company  FOX Business  December 30, 2013 9:20am-11:01am EST

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>> all right. remember, everyone, the opening bell sounds a couple of minutes and the stock market looks like it's going up just a fraction more. we've got a new battle ground for the two biggest names in tech, google and apple. the car is their battle ground. they're teaming up with the car people to develop in-car entertainment and information systems. polygon's people are here. >> to fill-- facilitate when you're in the car and they'll be running this. and the phone will go to the companies and all of that money will be there and once you have the car you're stuck with it and you have to use whatever relationship they've developed with the company and it's a
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huge deal. stuart: so they're working with the ford company of the world and the general motors and chryslers and everybody else, i take it, to lock in their products into that car. >> and they've already made those relationships they've started so audi is with google and mercedes is with apple. >> yes. >> so it's already splitting up. >> so they're moving further ahead of the field essentially and locking in. >> the headline is to make your car the ultimate mobile device, the brains for the dashboard and not just to get maps, but also your apps on your phone, your e-mails and your tech. and while your hands are on the wheel, you can talk to them. >> is it legal? >> yeah, i mean, right now, there are cars that already do that, and it's voice activated phone stuff, already works and it's integrating it even more. stuart: here is one for you, the consumers electronics show kicks off next week in las vegas. we'll get the latest peek at tech. russ, i got this wrong earlier,
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it's not an 80-inch tv, it's 110 inch tv. >> there's already an 80 inch and that's not interesting. it's $150,000. stuart: it's sheer size. >> they're supporting the new resolutions and watch videos at like 4-x hd resolution and no one is broadcasting at that so you won't actually be able to watch anything. stuart: but the point is that this kind of super high resolution is coming. >> yes. stuart: there will come a time when my old hd tv just isn't good enough? >> sure. stuart: how many years down the road before we all go. >> i would say around five. it will be a while. fact of the matter is most people probably won't notice especially if you don't have a giant, giant tv. 110 inches, what's that 7 or 8 feet? >> it's enormous. stuart: is it thin.
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>> pretty thin. stuart: and for the wall. >> an entire wall. stuart: and there's a picture of it. >> outlandishly huge. stuart: liz, where are you on this one. amazon added more than 1 million subscribers to that prime service in a week-- the week before christmas. a million extra people one week in just one week. that's huge. >> that's huge and comes at the same time when we had the shipping delays and this promise by amazon you'll get your order in two days and they signed up a million people before christmas time for it and at the same time, here is the rub, amazon was refunding, if that shipping did not happen. even though they signed them up, it's the back end that mattered, did the carriers deliver so to speak. >> i would say it's pretty rare. we don't see outages in terms of shipping that frequently and that widespread. amazon, extraordinary company. time is money, 30 seconds and we have the other headlines for you, they're all about obamacare, first item watch out
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small business, new insurance tax is coming january 1st, 8 billion is the take in the first year, and 110-- 101 billion for the next ten years, you lucky people. and next one, the obama administration says 1.1 million people signed up for insurance using the federal exchange. no details who signed up for what type of coverage, remember, please, the financing of obamacare depends on young people signing up to pay for the program. last one, the new health law mandates that calorie information be posted on vending machines. and that will cost the vending machine industry about 24 million dollars each and every year. and two trading days left in the year, the markets have been on a tear. looking higher today as well. we bring you the opening bell in a couple of minutes, but first, the nfl. you're a football fan you had a lot on your plate yesterday. overtime finishes, and peyton
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manning broke the single season passing record, 5,477 yards. brace yourselves. it will be a big playoff season.
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>> here comes that opening bell before trading starts. let's bring in tres knippa from chicago.
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interest rates 3% and above for the 10-year. when that happens it means the economy is solid. you go along with that tres knippa? >> not necessarily. when bond yields go up that means that bond prices have been going down. and what would concern a bond holder? one thing that would concern a bond holder would be being paid back in devalued currency, so if i see continued weakness in the dollar, that would make me not want to hold bonds. make sense? >> i got you. the yield would be 299 right there? show me that again. i think that 299 on the 10-year. yeah, 2994. and 3%-- >> stuart, if we think about this logically, greek bonds went to zero. does that mean the economy exploded with growth? not necessarily. >> we take your point, got it. check the big board, look at it. we told you and we're up, yeah, but it's the final two days of the year and it's been a fabulous year, we're up 12 points and very close to
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16,500, extraordinary. and we had a big drop for twitter though, that was friday and it had ridden high all week and dropped sharply friday. lauren simonetti, when did twitter open today? >> down sharply. twitter is selling off for the second day in a row. down 7%, look at the level, 5922, this is a stock that hit an all time high of 74, 73 just last week, so two days of intense selling. if you're wondering why, it's most likely because, it got downgraded by macquarie on valuation on friday and it's a stock that came up so much. it had the ipo on november 7th and it rose so much and now it's coming down a little bit and the downgrade obviously one of the reasons. >> well said and that's a drop and a half, 59 on twitter right now. and market watcher keith fitz-gerald is here and you never liked twitter, did you? >> do you like it now at 59? >> no, i don't, i think the
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stock has a hard time being worth $40. and customers are leaving in droves and you've got a complex thing you can't monetize, if you're a trader and you've got discipline, great, knock yourself out. as an investors i wouldn't touch that still. >> we're watching it now and dropped to 58 as you were speaking. see what you did there? a lot of people out there who are-- you're not a popular guy right now so i'll move on. stay right there for a second and facebook down in sympathy with twitter last week. shares over the year, facebook stock is roughly doubled. where is the stock now? it's at 53. so facebook is down a little bit more. keith, if you're still there, i don't think you like facebook either, did you? >> well, you know, i've never been a big fan of the social media space in general, stuart. the reason is it's nothing new other than an electronic medium for doing what we do anyway, which is talk to each other and catch up. can they monetize it is the
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issue i'm concerned about. if i'm looking as an investor, i want real products and real cash flow and stuff i can monetize for my investment portfolio. neither of those meet that criteria. you want hope of something turning up in the future. that's why you invest in these things. >> got it. stay right there, young man. do you subscribe to amazon prime? i'm asking the audience now not just keith. it added more than a million dollar new subscribers in one week in december. and it's down a fraction at 397. keith, are you going to poor cold water on amazon? surely not. [laughter] >> no, i'm not going to pour cold water on amazon. i think it's a minor glitch, the shipping difficulties they've experienced. longer term, that's one thing
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that has changed the landscape and forever, i like amazon. stuart: let's turn the cold water tap back on. cold hitting new lows, i don't think it's new lows, but 1205, down to $8 this morning. you don't like gold either, do you? >> i'm not especially concerned by it, let's put it that way. i hope i'm smart enough to buy it if it breaks lower. central banks are -- and to me it makes gold an exciting proposition, risk is good here in terms of reward and i think it's going to be quite a bit higher in a few years time. stuart: i feel bad for the people who bought gold coins for the grandkids. the company, apple, is telling shareholders to reject a share buyback program suggested by carl icahn. liz, do you think that icahn will eventually win this one?
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>> it's an increased amount. i don't think he will win. and icahn wants it raised to 150 billion dollars, meaning 50 billion more, appointed attack in the language and in what apple filed with the sec in its filing. saying, listen, we're already creating tremendous value for shareholders, innovative new devices and creating new markets that will broaden the customer base and by the way, important point, apple has about 149 billion dollars in cash and equivalents on the balance sheet and a quarter is in the united states. if it does what icahn wants, it has to bring it from overseas and paying taxes on it and hurting the bottom line and it doesn't have to borrow in the debt financing markets, also hurting the bottom line. what apple is saying, it's telling and saying to shareholders do know the accept what icahn wants.
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stuart: if you were an investor in apple you would like the company to accept carl icahn's stock buyback because the stock would rise? >> on the surface, yes. liz raises the point that catches my attention, you want to give your money to the government because that's what apple will have to do if it brings it back to icahn's buyback or presume that tim cook and grew know what they're doing. i don't think it's a good idea and i think they ought to refuse icahn's stake, he's making his own bed and now he's got to sleep in it. stuart: thank you. "titanic," top gun, brave heart, netflix is going to remove 80 movies on the title purge january 1st and i think those three movies there are gone, i think. look at that the stock is down, lauren. >> i know, down 1 3/4%, stuart and that was a top performer in the s&p 500 and up almost 300%
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so giving a little back. 89 movie titles and five tv series will be purged from netflix as of january 1st. i see top gun, mask of sorrow and 51st dates to add to the ones you listed. stuart: and we'll get a thorough list going. thank you very much indeed. let's move onto politics. the democrats leading the charge for a higher minimum wage making it an issue at the federal and state levels. liz, i think the republicans will cave on this one and say okay. >> i do, too. the national federation of independent businesses and you raise the minimum wage, you will lose jobs and they will not hire more workers raising the minimum wage. the dems are clever and saying we'll pair it with those who say give corporations tax cuts and cut tensipensions and i thi
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the minimum wage one is an outlier and 13 states this past week raising the minimum wage. stuart: i believe the president wants to raise the minimum wage to 10.10 an hour by 2016. i suspect that he'll get it. >> yeah, that's been the trend and the republican governors are saying we will, if we're pushed to it, raise the minimum wage as well. republican governors are saying that. stuart: fascinating. let me check the big board. it's monday morning, last two trading days. we're up just a little bit more, a modest gain on low volume, but nonetheless, we're up a fraction. a huge new tax coming to small businesses because of obamacare. we're talking billions of dollars and it's as of january the 1st. after the break, one of obama's harshest critics explains this
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>> they called it a black monday, the day after the nfl season where a lot of coaches get fired, multiple reports say the washington redskins fired head coach mike shanahan. the redskins had a disastrous season and even i know that went 3-13. that guy is out. checking the big board, holding onto the slimmest of gains. 16482. the price of cold is down $9 lower and threatening to drop below $1200 an ounce. 1204 right now. do you own a pair of crocs? the blackstone group is making an investment in that company and goes up 10% higher.
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$14 on crocs. more obamacare sticker shock, a new le vchvee could cost 101 billion in the next decade. more than the prescription drugs and medical device taxes combined. and grace marie turner from the galen institute, this is prime time for you. this is the arrival of obamacare at large and you're in the middle of it. and i want you to tell us about this new tax and who it hits. the wall street journal says it hits small business, is that accurate? >> it's absolutely accurate. this is a new tax, basically a sales tax on health insurance policies that are paid by people and individual policy holders, people working for small businesses, basically anybody who is not self-insured. so that exempts four out of five big companies and the labor unions. stuart: these are the people
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who are least able to afford it. >> right. stuart: why are they doing this? >> if they seem to think that if they add costs and add new taxes to health insurance that more people are going to be uninsured. i don't think so. but that's what they're doing and this is one of about six different taxes that are being imposed on health insurance, all of them increasing the cost of premiums, stuart. stuart: i want you to address the administration's announcement that 1 is.1 million people have signed up for obamacare, a lot of them that big surge at the end of the year. i don't think we have any idea of who these people are or whether or not they've actually paid, paid up in full. so i'm saying we may get chaos in the first week of january because people don't know, are they actually-- do they have insurance? i don't think that people know. >> remember, stuart, the back end of the website really wasn't built as of several
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weeks ago to where people could actually pay for their policies so there are really three critical things, yes, they say 1.1 million people have signed up. how many of them have paid is really crucially important and how many of them are actually people who are newly insured, or people who are desperate to get health insurance because their earlier policies have been canceled? so the net number of new insured is crucial and then thirdly, what are the demographics, are these the younger, healthier people that they so much need to enroll in the exchanges in order for people to be able to be able to get the cost of the exchanges lower or are these actually going to be people who are older and sicker, going to cost more and therefore, lead to ever escalating costs for health insurance next year? >> is it possible that in the first week of january, heaven forbid, but people get involved
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in accidents, off they go to the doctor or the hospital and i mean, they could be-- they could be told, you don't have coverage because it might not be the right doctor in this new network that they've signed up for, and it might not be fully paid and might not be fully insured. i can imagine chaos. am i overstating the case? >> no, i think there's a hundred percent chance for people who thought they purchased policies who know they're not going to have coverage when they need it early in january. "the washington post" has a story today about a couple who have been working hard to get health insurance through health care.gov and thought they received confirmation and the site had kicked them out and they have no coverage. despite having tried for several months. i do worry that you're going to see tens of thousands and maybe more people across the country in exactly that same situation. >> is it possible that the
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president will try to solve this by saying, right, the insurance companies will cover you, no matter what? and we'll make up the difference with the money? is that possible? >> well, you know, they've rewritten the rules so many times, stuart, that you just don't know what they're going to come up with. you're thinking they can't possibly do that and they come up with something else. and people have to pay their part of the premium in order to be able to be enrolled in health insurance. how they're going to waive that, i don't know. but i keep being flabbergasted by what he does so we'll see what they come up with. >> i need your comment on one last item. under the new obama rules, calorie counts will be posted on vending machines, going to cost, 25, 24 million bucks from here on out. >> these are people targeted under this law and a people who may have a handful of employees
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and small profit margins and they have dozens more of these vending machines. now they have to put calorie counts on each item, stuart, which means they're not going to be able to replace the items as frequently and wind up having higher costs. there seems to be no one immune from the taxes and higher costs of the affordable care act, stuart. stuart: grace marine turner, happy new year, i think you're going to be really busy. thanks, grace marie. stuart: the greenies are at it again and this time a going after the yule log. san francisco banning fires in your fireplace on christmas day. my take on that is next. ♪ try we could only lose and our love becomes a funeral pyre ♪
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>> to the markets and look at this, the share price of disney hit another new high. it was raised to a buy when wall street looked at that and
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a & e reversing a decision to suspend phil robinson. we'll have that new at 10:00. and millenials abandoning the president, can you guess the reasons? and trust the zealots to kill joy this holiday season. yes, they have been at it again. this time, wouldn't you know it, it's the zealots of san francisco who did their best to pour cold water on christmas. no, it wasn't christianity under attack, it was the yule log. here is my take. the bay area has a winter spare the air campaign so for several days this month, including christmas day, the yule log could not be burned. in fact, wood, manufactured logs, pellets or any other solid fuels could not be burned in a fireplace, wood stove or
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outside fire pit. it's bad for the air and of course, it releases that wicked carbon. if you were caught emitting smoke on christmas day, you faced a fine of $100, and do it again, $500. that will teach you. the word killjoy springs to mind, doesn't it? perhaps that's mild for what i feel. it doesn't matter what christmas tradition your family follows that in san francisco it's so fragile that a few fires would tip the balance. the smell, the crackle, the conversation piece, the tradition must be banished because the zealots are in charge. no exceptions. pathetic and intensely annoying. one last point to avoid the $100 fine for a first offense you can take a wood smoke awareness class. sounds like a political reeducation camp to me and of
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course, the taxpayer will foot the bill for those zealot self-awareness instructors. that's a class i would like to take. oh, yes, fun could be had. think i'll volunteer.
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this. >> down to the wire for a the 2013 stock market rally. good morning. is the second dour charles payne is here. don't worry. [laughter]
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and so it is our trial lawyer of the target security breach. can use to? what do you get too few women? one seo says twitter stock is $80. and how to reverse the stock market sell-off is coming soon. and we have three reasons why people are turning it against the president and charles paint shop the 2013 dead right. what about 2014? stuart: one half an hour into issa trading session and up six points. charles, we have a bear saying there is a big drop coming but you don't see that? >> i don't see that.
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although i think we are in a phase that there will be some new highs this still has so many things that don't correlate with a market top. stuart: the wall street journal article says the stocks leading the rally is a sign that it still has legs. charles: i agree. people come into the market extraordinarily cautious there is of a handful that will chase but most people the average of 42 year-old bill that they are not prepared for retirement not looking to strike it rich but they are still afraid. stuart: you worked hard in my absence, you are very popular, and maybe to popular. [laughter] but 2013 was dead right. if you concentrate on
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individual stocks there was a huge year. what about next year? charles: these people make be want to rock every day. [laughter] now i have to go answer some e-mail's now. stuart: and now it's threatening to drop below $1,200 an ounce, you know, about trading gold. what is the story? why is it down? >> down 29% for the year it put its gold for the worst in annual performance since 1981. over three decades. a lot of the big bank analysts are saying prices will fall further in 2014. the reason nobody wants to own gold is you have a federal reserve showing they will end of the bond buying
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program, hence no reason to hold a cold or precious metals. as the dollar strengthens talk about raising interest rates coming it end of the bond buying program, a stronger u.s. dollar that is another reason. but the easy explanation the stock market goes up you don't want your dollars in the precious metals but the stock market. also means to investors are selling out to buy more stock. stuart: we just flashed the it yields very close at 10%. any significance? normally interest rates sent the shock waves to the markets but not today? >> if you talk to the traders across the united states there is of talk of the underlying economy might be stronger than the federal reserve is letting on and
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that maybe the reason why we see the interest rates go higher. this is a huge story in the 2014. look at that the present level because it seems it will back off every time we get there. stuart: gold is down, stocks are up and interest are three% on the 10 year treasury? we will see you soon. we reported last hour with lauren simoneti. >> the dow is positive because disney is contributing 11 positive dow points his senior a new high. at $76.26 they got the upgrade with guggenheim. they expect further multiple expansion by robust content and international growth. also raising the price
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target up at $87. it is $11 below that right now. stuart: one of the themes on the program has been the age group of the of millenials if they would start to withdraw support for obama. it was a key group to get their reelected 2012. are they now turning their backs on the president? according to a new poll by harvard just 18 percent support of the nsa spying program. our next guest joins us now. you say be an assay spying story is a big deal for young people and is it the key issue that turns them against the president? >> the straw that broke the camel's back. the cnn poll found the month that the edward snowden scandal broke the approval rating under 30 fell by
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17 percent. we see a deep distrust building from the irs scandals, a benghazi, and then the nsa scandal and we saw a 17% decline in one month. so this is the main issue perhaps. stuart: a majority of millenials 57% now disapprove of of obamacare. this is another reversal considering they are reversing there support for the president? >> that's right. the average millenials have seen their premiums go up three times. i had a revealing conversation over christmas who saw his premiums go up $260 per month and the new plan was wars and less benefits. he had just gotten married
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married, starting a new household trying to save for a whole but could not afford an extra $260 per month is the skyrocketing premiums are very sad. stuart: did he vote for obama in 2012? >> he did not. he voted for mayor romney blakey said his friends started to raise their eyebrows that this is not what they signed up for. stuart: unemployment with millenials is 15.9%. and i am told one-third of millenials live at home with their parents. that is european proportions >> absolutely. couple those numbers with $35,000 of student loan debts it is a disturbing picture in the most darkling saying is in 1991 median household income under 35
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was 27,000. today it is $6,676. household income has gone down and it is so sad because important life decisions are delayed because the economy is now moving. stuart: the promise of your argument is the millenials will switch support because of economic issues and money? they support obama of two times because of social issues but you say that the economic issues are so strong that will be reversed? >> i think there is a chance the economy is central but the distrust of obama does not necessarily equal support for republicans. so it is in their court to say a vote for us and make a strong and appealing case so
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it is up to republicans to make the tide changed. stuart: we will see you soon. i think we have of a new high with croc's issues? >> 13% this is not just the debris talk about all the individual stocks they are getting a $200 million investment by blackstone in turn they take a 13% stake in the country and croc's ceo will be retiring and announcing a $350 million share buyback. stuart: that is why they are on a new high. the doubt is holding on. in france 75% tax rate lives on levied against companies who employ people and pay
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them more than 1 million euros per year. what did margaret thatcher say? the problem is socialism you run out of other people's money. charles: then what happens? although the popularity rating is that 23 percent. the overwhelming majority is the economy. people don't like the way he handles that but france is what we don't want to be. talk about poster child of portugal, spain, greece but france is a better example with the larger economy that had everything going for it. now decades of unemployment well above 7.5% and they are comfortable with that. they admitted we eventually will be the ninth most important economy but we think we will take advantage but they won't.
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is a horrible situation. stuart: president obama were elected they would tax the rich like revenge. but now he taxes the rich the economy has not responded well at all in the approval rating is 23%. charles: the populist stuff works it is easier to say it is not your fault. how many times have we heard the president say through no fault of your own? you drop out of high school? don't worry about the. you smoked weed all day? don't worry about it. somebody had to be fired if it was you who guided first? not your fault. we will get it. stuart: new year's day bill clinton, former president
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president, will swear in de blasio the arch leftist new mayor of new york city. >> they have a tight relationship and he was in charge of the hillary senatorial campaign. it is a populist message center around the world don't forget about the comments from the pope that was considered the economic miracle. it is a scary situation. stuart: how is this for a headline? a yahoo! microsoft merger? the. [laughter] stop laughing. with microsoft's stock go up but we have someone who says they make it together. after this. welcome back. how is everything?
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♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyon on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. stuart: and don't worry. charles payne is year's end going back. >> april, july, august, october in the we are between 16 and 24.
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the stock will make of breakout moved up 28 then pulled back the next move is a huge break out. they specialize in colds. electricity prices are at all-time highs. natural-gas i think will go because of the weather and demand will go higher for electricity. draconian things will be level next year with the epa it will take a little pressure off because someone will be smart enough to say with the g.o.p. your policies sent prices through a roof and the cat germany the prices went up when the to present because of the war on nicole. i think the administration will ease back a little but then i look for the breakout stuart: that is your play? stuart: also natural gas prices will go higher.
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stuart: we talk about a guest who says twitter will be $80 her share. it is down today but he says it is coming. the ceo ted murphy is here. make your case. >> you said i was crazy when i said it was up by about 40 know it is 60, 70, i still say it is a great stock long-term. one of the things twitter has the opportunity to do is take find -- vine in a video like google's as with it -- with you to. is one of the things that will. twitter in 2014. stuart: you are grinding your own axe because it is a social network related
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companies. >> absolutely. we sell sponsored tweets and post and videos so we are a player in this space budget twitter has a unique asset to own the entire ecosystem. so long term they will figure out to monetize these tools at their disposal. stuart: use said pure speculation? >> your speculation. [laughter] stuart: this is you speculating that microsoft and yahoo! could get together? why is that a good merger? >> i look at opportunity. right now microsoft is searching for the ico and then you have yahoo! that just recently announced microsoft account is 31% of revenue so putting them
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together to create a powerhouse to compete with the amazon and apple and google's. he needs someone like ms. meier touche shaken up to put together the strategy to lead the company into the future. >> years speculation. [laughter] stuart: you also say bitcoin could come to the atm in new york city? stuart: i still think this is a huge opportunity with bitcoin. the first atm went into a thin -- vancouver over $1 billion a transaction the first month. now you see the atm is coming to australia, a couple companies actively making these devices. once we get through to the
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regulatory issues, you will see it come to major markets with new york being the tough financial center of the world, it will happen in 2014. stuart: you just guaranteed a spot on the show at some points with your speculative ideas. twitter at 80 her call microsoft merges with yahoo! and bitcoin atm come to new york city which is most likely to happen in the? >> i have to go with the bitcoin atm. i see a tremendous amount of news and people talk about and we just need to get over the hurdles to get licensing in place that people can operate without a threat of lawsuits are other implications but demand is there. stuart: thank you for word joining us a tender three.
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to reinstates phil robinson after suspending him this is all about money and we will discuss that next. >> the first prerequisite to marry a woman, a canned she cooked? [announcer] welcome to the all-new intuituickbooks. run your ente business with it. get paid howeverou want with it. get real work done wherever with it. make all your numbers play nicely with it. say "buh-bye" to theld way with it.
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stuart: check the market is up just a little. teeeighteen reinstates duck dynasties are filled robertson after suspending him the network says it will resume with filming in the spring a and launched a national public service campaign on change and unity in it except ince for all people. bruce, from the branding standpoint is this a smart move? a&e had no choice the viewers weren't following killed barbara said the be being hypocritical they toe kim offhanded did nothing but what else could they have done? stuart: they could have stuck to their guns. they have a marathon, that
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is guaranteed maximum ratings and a whole series already in that case and that they could already run? they did not have to do this >> plus he was already in the marathon is indefinite hiatus favor just hedging their bets but we saw a story in the battle for authenticity to was the authentic group? ic cui got tarriance 37 that doc -- dip dynasty poillon? >> absolutely people use of a new acronym what the duck wtd. [laughter] charles: you would think he was in marketing.
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stuart: macdonell bolt -- mcdonald's says they've made a suggestion that employees choose healthier meals rather they and the fast-food it sells. plus has now been taken down. what does the removal say that about the way the company sees itself? it is outsourced you can be sure that nobody even bothered to read it. the vendor that did it? mcdonald's was half to be the biggest client so i understand but now mcdonald's does not understand the value of the of web site. they have the three front doors advertising, the stores and the web site and the employee base is bigger than their customers so to take that down?
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i don't get. stuart: you have to control what you put out there on social media and internet. you half to have iron fist control. >> absolutely. if ray croc were alive he would be 111 he would not understand what was going on in. the upper echelon is not paying attention to the creasy enter web but the internet will catch on. [laughter] stuart: if you advise this company how could you advise them to control about the internet? >> no. not what is said about you but what you say about yourself. it has to come from the top.
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if those at the top lay out a strategy for what the brand stands for it should be for all communications site niche, advertising and the web sites. stuart: a and wtd. >> that was good. class-action lawsuits piling up over the target data breach. next. they only make lawyers -- many as four lawyers? my opinion and his response after this. ♪
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white house? let's bring in a lawyer and fellow texan. you are a texan but what do he think about senator cruz renouncing the canadian side of his citizenship? >> it is pretty clear. everybody in texas is well aware he is a marvelous politician with great political ambition. he cannot run for the presidency if he has a canadian citizenship. one of the requirements is u.s. citizenship of course, . he says it is not why but, on. stuart: is that the feeling in texas? >> absolutely. no question he is running. stuart: i just wanted your thoughts. john mccain was born in the panama canal zone and senator cruz was born in canada but both have
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citizenship. almost one dozen customers are pursuing class-action against a target for the data breach. they claim target was negligent. mark? this is a class-action suit. tell the the legal status so far? >> multiple suits have been filed lawyers are competing to see who is in charge of litigation. the goal is probably to fold to enrich the lawyer there is a profit motive but also to try to regulate industry that the government cannot do to protect the american citizen and the shoppers. stuart: so soothing on the ground target was negligent
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because it lost information? >> it is a nice way. maybe there is a ukrainian source behind that hack we cannot go after the ukrainian but with the negligence case you have to prove they failed to win here to imprudent standards. did they allow access to their computer system to people who did not need it? to they routinely change passwords or ever gets off of the default password or anti-virus? stuart: will target lose money in your judgment? >> absolutely. it should lose it. i would take this on if i was not busy elsewhere.
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stuart: target will lose 200 million but what about the people that lost information they just get a coupon? >> that is it. i think people who lose identities could prove in to be stolen should give more than a cuboid but realistically it is a keyboard case that you will give me grief over a major. stuart: this affects me personally and one of my family members tried to use a card in california was used at target and that card could not be used with an attempt to buy christmas presents was declined to put us through severing her to arrange purchases at the last minute and i live in new jersey what compensation to i get for the trouble? >> hopefully they will get a coupon or something.
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it has to be a class action nobody will bring a case. just to get a recovery but to put it together with that problem it is something significant and target should be held accountable. stuart: the lawyers get cashman of the suffering public will get a key point discount. >> the lawyers to invest millions will be paid in cash. [laughter] stuart: i see the legal system to ensure fair play.
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i do not see it as a monopoly industry run by lawyers. >> it is the enforcement agency of the american public in order to keep rates and injustice against a slanted ball field against them. stuart: is it fair you get cash and i get the key bond? >> if you want cash thin pay the lawyer to pursue the cash. you have that right you will not do that. stuart: you are the guy that we hate to love. [laughter] >> i love to love you. stuart: mark, always a pleasure. watch out 2014 after the break against says a crash
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is coming on the stock market. charles will disagree. the dow is up 11 points. to a goal of under 100. way to go, crestor! yh! tting to goal is a big deal, especially if you have higcholesterol plus any of these risk facrs. because you could be at increased risk for plaque buildup in your arteries over time. so, when di a exercise aren't engh to lower cholterol, adding crestor c help. go, crestor! ♪ ♪ oh, yeah [ female announcer ] crestor is not right for everyone, like peoplwith liver disease or women who are nursing, pregnant, may come pregnant. tell your doctor about other medicines you'rtang. call your doctor rht away if you have muscle pain or weakness, fl unusually tired, have loss of appetite, upper belly pain, dark urine, or yellowing of skin eyes. these could be sig of rare but seris side effects. crestor! yes!
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[ female announcer ] ask your doctor about crestor. if you can't afford your medication, astrazeneca y be able toelp. stuart: twitter was hired last week and then took a dive on friday with being hit with a downgrade 4% lower today. facebook matching twitters shares are appointed to
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present the stock is now at 54. apple telling shareholders to reject a the shareholder buyback program from carl icon. it is down $7. google expected to combine with audi to integrate that android mobile operating system into the new car starting at 1,116 netflix 80 will move the purchase instead refers to more than 86 movies including titanic and top gun and aren't down -- on.
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stuart: after a stellar 2013 you can make more money with these stocks. charles: extraordinary eufaula title a chinese company making karrer vending machines. automobile but the machines you can rent them $3 per hour. stuart: cars? charles: starting in this city of 8 million people. we are in an the this stock
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but has a huge upside potential but it is extremely rolla's title i think they will be very successful. charles: darr rotates and outcomes lockhart. stuart: that is one large vending machine. [laughter] interesting. i don't like charts but we have to show you the dow this year that is virtually straight up. joined us now from market watch is the author of a demographic cliff. that is a wonderful start. but you will repeat to the point you see the end coming ? make your case. >> after a bubble like this it there should be a 10 or
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20 percent correction. they don't correct neighbors. demographic trends started in japan shifting to the u.s. and then europe will hit that starting 2014. we have the biggest bubble in the world and that government is losing control through the shuttle banking system. this has been building the artificial rally totally generated by the government and the fed. i think it crashes i think they peaked near 70,000 deadfall to new lows for each bubble takes a higher high and crash is the lower low. that is the trend. they cannot sustain the bubble. stuart: tell me how the demographic changes will stop the nasty crash is
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giving people will not spend as much money. japan hit the cliff first said as we predicted that help to produce the seven prime crisis now europe will go off the cliff it is already in trouble. stuart: as people beachy age of 46 cliff is already smaller so that is the demographic shift? limit yes. governments have been fighting this with the high debt load with artificial stimulus. the government's only strategy is to keep the bulbul going. stuart: talk about gold that is moving lower? >> i think it will go down a
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little more i think gold will rally on the early stages of the crisis just like the 2008 when it hits we will c.d. leveraging a and deflationary and gold will crash and ultimately lower. stuart: now listen to charles payton. charles: i don't disagree with the demographics of the nation's but it is made up by the developed world by indonesia and malaysia and india and russia and south africa. they pick up the slack from the traditional growth. >> it is a good thing he did not say china because they're already losing some of workforce.
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china's bubble will offset the emerging countries long term that is where the growth is but i see the bubble bursting is the single biggest event. >> what would you have people own? >> with the u.s. dollar index it went up with the last financial crisis then everything burst i have four major cycles delay time this happened was 1930 through 34 the last time a major bubble burst with the leveraging it is a dangerous cycle if we don't see a substantial crash by summer i may change my mind but i have never seen a confluence of cycles like this. stuart: here it comes.
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long-term unemployment benefits expiring 1. 3 billion people this weekend. a and you can bet there will be a fight if they are extended. lau we will deal with that in ana moment. lebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq.
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stuart: over the weekend
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long term unemployment benefits expire for more than 1 billion people. the democrats are looking to get them reinstated and debbie wasserman shultz said extending the benefits is the right thing to do for millions of americans to support their families. is this really the right thing to do? charles: get your foot off the economy so everyone can go out to get a job to have the pride of ownership they earned a check. the idea that long-term unlimited benefits is the right thing to do? by the way you've -- the people you claim to help there is a tipping point when they will not be looked at. they go out one or two times for the minimum it is not a true job search it is
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disingenuous. but the employers will stop looking at them your skills must have been eroded you will never get a job then they are the permanent underclass. stuart: congress is in recess don't come back for a couple of weeks could they reinstate retroactive something that expired this weekend? will fly republicans caved in anddsay on this you win politically? charles: i don't think so with the debt ceiling debate around the corner. the democrats have though did win because they can claim the tests did economic recovery is because we have taken away so many benefits in they have the multiplier effected and they have no plan of their own so it
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helps them politically but at the end of the day it helps no one. stuart: do we get the extension? charles: i don't think so. not long term. 26 weeks get out there be cousin the economy is getting so much better on the other hand you cannot have those. stuart: good stuff. your take on the data breach and the lawyers at target.
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stuart: earlier, we spoke with a trial lawyer about the class action lawsuit filed against target over that latest data breach. he said estimates that it will be the lawyers that get the big bucks, those suing the company will receive a simple coupon or gift card. here's what you had to say about mark's prediction. jeff says: i should have a valid claim to a tangible reward because i think the theft is something subjectively valued is worth a suit under the law.
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all right. annie says: if my stuff was actually used to steal my identity, i'd expect some kind of compensation but not an obscene amount. if nothing came of the theft, i'd be thankful and walk away. all right. sandy says: this is one of many things wrong with our legal system. lawyers should not get rich while other people get gift cards. my sentiments entirely. charles u what would you want as compensation? >> my own personal shopping cart that worked, okay? here's my problem, and i've had this debate with melissa francis. first thing you do is pull out this shopping card, and this big hard piece of plastic becomes slam. then you go down the aisle, and the one wheel's always broken. always one wheel, and it's making this noise, and i feel like i'm in "the shining," and i'm going red rum, red rum, red rum as i'm going down. give me my own personal cart, this way don't drive myself crazy going through your store.
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stuart: i was not expecting that, but that was a good one. [laughter] dagen: that was the craziest rant i've ever heard. eastwood, rawhide, nicholson and "the shining." that was nuts. [laughter] thank you so much, stuart. a late surge in enrollment on the government's health care web site pushes sign-ups past the one million mark. now what happens when these folks go to the doctor in the new year? even as those health care woes ease, republicans still hold the advantage leading up to the midterm elections. former reagan economic adviser art lover weighs in -- laugher weighs in, "the new york times" says there was no al-qaeda involvement in the benghazi terror attacks on our u.s. consulate there. kt mcfarlane has something to say about that. and the real wolf of wall street won't go away. he's already had to move, now

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