♪ imus in the morning ♪ >> good morning, everyone. look at this. netflix brings in more than millions more subscribers, the stock is going up, $50 higher. and aetna may have to drop out and the entire document says that the entire industry is at risk. here comes the bailout. and iran goes to davos, the president rouhani says he's a moderate. this show starts now.

>> the obama administration plays up the economic comeback, but the majority of you are not feeling it. in fact, the latest fox news poll shows 74% of voters still feel like it's a recession. it's important to note that is a value judgment, but it points up the contrast between what the administration is telling you, recovery, more jobs, more growth, and how it looks to you on the ground floor. still in recession. straight to obamacare, internal documents released by the administration reveal they knew just how deeply flawed obamacare was despite what they were telling us. here are some quotes from those documents. first, problems with the website put the entire health insurance industry at risk. quote, potentially leading to their default, that's insurance companies, and disrupting continued services and coverage to consumers. they went on to say if the problems are not fixed by mid march, those problems will result in financial harm to the government. that's you, the taxpayer.

then there's the aetna chief he says his company might drop out of obamacare because not enough new people are signing up. it sounds like here comes the bailout for the insurers, doesn't it? and then we have iran's president wants visa requirements for you. and what slogans would you use to market tourism in iran? keep them coming, we'll read some of them in the next hour. the markets will open lower, the reason, mcdonald's, fewer customers, weaker sales, that's taking a hit. there will be a big winner today, that's netflix hitting it out of the park, streaming, very much the king. more than 3 million members in the last month and the shares are surging, i mean surging,

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♪ should we talk about the weather ♪ >> should we talk about the

weather? r.e.m. in the northeast, look at the temperatures now, wind chill, it gets worse next week. oh, yeah, we bring you the good news. we're a minute from the bell, precisely a minute. joining us tres knippa. you've got five seconds to tell me how cold it is in chicago. >> exceedingly cold, stuart, i grew up in texas, this is unacceptable. stuart: watch that natural gas price go. i've got to ask you seriously. >> indeed. stuart: we're down on the dow for two straight days and this morning we're going to open up maybe 100 points lower. does at that smell correction to you, tres knippa? >> a correction is possible. a correction is going to happen eventually, a correction is helpful. let's not ignore the fact here, stuart, the s&p futures was one point off the all-time highs last night so it's kind of hard for us to talk about a correction in one day, but if you're looking for any weak signs, keep an eye on the nasdaq versus the s&p.

keep an eye on the small cap stocks versus the s&p. they will lead the march lower. if you're looking for high signals, keep an eye on that. i wanted to try my hand at the pr game, how about i didn't walk, i ran to visit the middle east. stuart: oh, you're so cool, tres knippa. and entering our advertising contest, we want slogans to advertise iranian tourism. we're off and running and we're expecting a sharply lower opening. we're getting it as things open up and start to move. futures are indicating a loss of 90, maybe 100 points. let he' move away from the down side and straight to the upside. i want you to look at netflix, the company signed up more than 2 million more subscribers in america in the last three months. 4 million worldwide. nicole, how good is it? >> well, it's pretty good. not new high good, you know, i was watching to he see if it would cross 389 and we'll watch

it. and to the upside, it's a great start. they talked about a new price package as well. that's something else on the table for them. stuart: i'm not sure i understand exactly what they're going to do with the pricing package, but evidently the market loves it. because a 15% gain for a company like that is a big gain indeed. michael robinson joining us from san francisco. j.p. morgan slammed a $500 price tag on netflix. you're famous for slapping a huge price on popular stuff, apple, 1,000. what do you say to that assessment? >> i agree with that 500. i agree with that assessment actually, this is a great company. what people don't talk about, they are winning the war because they're so device agnostic. if you can get on the internet on any device, it doesn't matter a game station like the nintendo

wii or an ipad or an android device, you can access netflix. stuart: thanks, michael. stay there for a second. i want you to look at the big board, we're now down well over 130 points so the futures pointed accurately toward a big loss at the opening bell. mcdonald's really, really worried everybody, i think, because they came out with numbers before the bell and now we're down 130-odd points. i want to move on to activist investor carl icahn, he's at it again. he wants ebay to spin-off paypal. ebay reported strong profits last night. michael rokz, back to you. are activist investors, are they good for the condition or good just for themselves? >> a little of both, actually. in the short-run it can be an excellent catalyst to make short run profits. i worry what's going to happen in the long run. specifically with ebay, i think that icahn is crazy on this one. paypal is a part of that company. it's 45% of the company and the

digital payment world is the world of the future. they would be insane to sell especially because icahn only a small amount of stock. stuart: he's got a lot of money and he's using it, i agree with you. siphoning off paypal doesn't make sense to the company, maybe the investor, but not the company. move on to lenovo. it's bought ibm's low end server business, and ibm is one of the few tech names that's not surging. would you buy it? >> i'd buy it -- i actually would buy it on a discount. i don't like it on this price, i would own it for the long haul as a foundational play, a little lower, 15 or 20% lower. there's a lot of upside here. the good news out of the seven straight quarters of sales declines is not good, but the bright spot here is $4 billion in cloud sales that's up almost 70% from a year ago so they may

have turned a corner. we have to digest the restructuring charges. stuart: got it, mike. to nicole, we've got to bring in mcdonald's. disappointing sales, disappointing the foot traffic last year. i think they're blaming the deep freeze to some degree, but look it, it's not down that much, that's interesting pedestrian pedestrian it's down a quart-- and it's down a quarter of a percent. the low income customers can barely afford the meals and the well-off customer is just about ready to pay anything for an mcdonald's meal. they're trying to figure that out. and you talk with china manufacturing, did you not talk about that at all this morning? >> i've not mention it had, but you should. the story is disappointing numbers on china manufacturing. maybe that's a big factor in the 140-point loss. >> china manufacturing came in beeow 50 that shows contraction rather than expansion and markets in asia sold off. u.s. markets are lower, and the

safe havens of gold 17 higher and that's why you're seeing the treasury yield. stuart: thank you, nicole. you're on top of it. moving on to a big picture, michael robertson to you first, has the market correction started? >> i don't think. the first quarter in january in the last four years has been tough. you get mixed signals. some areas of growth and lack of growth in others. a big name like ibm, people worry about that, and small caps and mid caps are doing well. earnings are mixed, but i'm seeing-- mixed overall on the economy, but seeing a lot of tech firms report excellent earnings so i'm still optimistic. stuart: liz, what do you think? >> yeah, it's about earnings. and barclays is saying you can expect just a 5% rise in the s&p this year and that's the lowest since 2005. so, it's all about earnings, it's all about analyst's spirits getting those earnings up. and with the valuations we're

seeing coming in on the s&p, rising the highest si esest sin and the answer is yes, it's trading at 15 times-- or to 19 times earnings, that's not abnormal. but you know, expanding multiples go up when the valuations come in strong like that. stuart: they say up 5% on the s&p this year. >> that's not bad. stuart: not as good as last year. the dow is down 136 points, i have to move to the side to see that screen. from a new fox news.com poll, the majority of people, 74% still feel like we're in a recession. the economy might be recovering on paper according to the experts, but that doesn't mean anything to the average person because they don't feel like things are getting better. what do you say, liz? >> yeah, median income is really bad and of course, the labor participation rate and the number of people working at the labor force, still bad at 1998

levels. if everything was okay you wouldn't have four years of zero rate policy. wouldn't have fed money printing or talk of jobless benefits extension if everything was okay in the u.s. economy. stuart: it's a contradiction. look the at the official numbers, 6.7% unemployment. that's down from 10%, we've got that. what, 4% growth the very end of last year, at least the third quarter of last year on paper, according to the economists, the experts, think we're pretty good, improving. you ask people on the ground floor, how does it feel? how does it feel? >> right. stuart: like we're in a recession. in 2010, 86% thought we were still in recession. >> wow. stuart: so it's only come down a little in four years, for heaven's sake. >> we're not in the immaculate recovery the government is talking about. stuart: immaculate recovery [laughter] >> and what's going on with the

jobs policy, if d.c. checked the jobs growth, the same poll said focus on jobs. income inequality is the not the issue, smart people say it's about job growth and policies. stuart: another aspect from the same poll, fox news.com, 59% don't approve of the handling of strictly economic policy, that's a very high number seems to me. >> it is a high number. stuart: that's how people feel in an emotional reaction. >> boots on the ground. how people feel. stuart: time is money, 30 seconds worth of headlines we've got for you. goodyear's tire workers in france agree to end a long battle with the company and that opens up the possible sale to titan international. and remember that guy, maurice,

he might buy it. anti-fracking protesters use bicycle locks and glue to attach themselves to gas pumps in england. the problem, the company they were trying to protest, the french company, total, no longer owned the station. back at home, wisconsin's governor scott walker proposing $8800 worth-- can we check that? it is 800. i thought it was 80. it's not, it's 800 million dollars worth of tax cuts. property tax reductions, payroll tax cuts, lore income taxes. there you go. scott walker, republican, wisconsin a tax cutter and he's doing it. check the big board because we are doing a downturn right now. 143 points puts the dow at 16,200. after the break, the first lady of golf anikka sorenson, she's

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♪ >> our experts are not prepared to call it a correction, but are prepared to say we're moving sharply lower. down 142 points. stocks 1,256 bucks per ounce on gold. and check the price of oil. peace breaking out with the iranians, what's happening there. 97 a barrel today? i don't know. 97.13. okay, so it's up a bit from where it was. more big names you know, higher air fares, lower fuel costs give southwest profits a boost and investors like it. $22 a share on southwest. 3 c1 more money coming in helps united -- it used to be united continental, now it's just

united. they've made a profit, but the stock is down about a buck right now. all right. the sports world may be focused on the upcoming super bowl, oh, yes, it is, but today we're talking golf and the money behind it. joining us now from the pga merchandise show in orlando, florida, is golf hall-of-famer and newly crowned first lady of golf annika sorenstam, and pj. and annika, do you see the day when men and women compete on same tournament, on the same course, at the same time? >> i'd love to see it, of course. being a female golfer, i'd like to see the women play, but the u.s. open will be paid played on the same course, back-to-back, the same time women and men chose to the same. not the same time, but the same

venue. the girls are looking forward to that. stuart: forgive me for asking the question, but this is a financial program and i'm going to ask the question. tiger woods is probably going to make a billion dollar in his lifetime. could any female golfer, could you make 100 million in your lifetime? >> i hope to say that as well. i know the opportunities for women in golf is better be than it used to be. the opportunity for special golfers are there. i'm only 40-something years old and time to see that, the interest is better and global game now days and hopefully see the corporate sponsors t. >> why play golf, but i watch every tournament on tv. i absolutely love golf, it's my best sport on television. ted bishop, if you don't have a problem not with me who watch

all the time, but the number of people who actually play on a regular basis, isn't it falling? >> well, you know what? in the united states, stuart, i think it has been in the last couple of years and that's one of the things that the pga is trying to address through our growth of the game programs. but to the point that you just made, i think an exciting thing is going to happen in 2014 in the united states is the initiative of the pga tour and america announced where the pga tour is probably going it run in the neighborhood of a million and a half dollars of promotional spots over the course of the year and their tournaments that are going prom at that we're trying to do to grow the game and hopefully people like you watching the telecast week in and week out are going to be enamored by these things and maybe you'll start playing. stuart: ted, believe me, if i could, i would, but i'm the all time champion duffer.

annika, back to you. you've got a clothing line. tell me about it. stuart: you can't hear-- >> oh, sorry, yes yeah, the sound is different. the annika collection now celebrating ten years so i've been involved, and we're just, the annika line is evolving, feminine and sporty and the high-tech fabrics and something i've been wearing many years and now i'll wear it outside as a mom. stuart: you are indeed the first lady of golf, we're happy to have you on "varney & company." and good luck on the season, it's started already and i'll be watching, that's a prim. appreciate you being with us, good luck. facebook compared to i don't believe it, i'm reading it it. facebook compared to an infectious disease, a new study says, yes, that's so. we'll review it next. ♪

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>> recently on this program charles payne said f5 networks is a good stock to own, it's at a new high and charles will be here in the next hour to talk about f5 networks. my take is coming up. there are four u.s. companies that have $340 billion in cash between them.

that's money ready it spend, invest, bring it back home. why not? what is president obama waiting for? why doesn't he encourage the repatriation of all of that money? my take on that in our next hour and then we have a study from two princeton it academics. it compares the cycle of facebook's popularity to that of an infectious disease, citing it spreads quickly at the start and then reaches its peak and eventually dies out in the next couple of years and they suggest that facebook could lose 80% of their peak user base between 15 and 2017. and that's an interesting analogy, isn't it? facebook is like swine flu. >> they're saying it's like a fad, meaning a fad is an illness. i think this is a reach for a headline for academics looking for the kleig lights. and keith ablow looking for a cure for it. and they will not reveal their

methodology. other academics have revealed their methodology. by the way they don't factor in clearly, like diseases, diseases mutate and so can companies and so can facebook which is reinventing itself and offering new products and evolving over time. stuart: i think there's an element of going after the big guy on the block. remember how wal-mart was the big game in retail and everybody attacks them. i'm waiting for attacks on google and amazon which are also the big guys, they own everything. i'm going to call that an attack on facebook, as you liken it to a disease, i think you're attacking it. >> well, yeah, it's a push to get a headline and also to justify grant money that you're getting and to get more grant money. that is what a the lot of the researchers are about. stuart: your he' not having no part in this. >> no. stuart: you don't like it whatsoever. do you go on facebook?

>> no-- i go on it for the my book. stuart: how is that doing? >> biography of saints, coming out, and i'm excited about it, going to your homeland england, in the second half of may. stuart: may is is a nice month to be in england. >> i'll bring my jumpers and wellies. stuart: i have no idea what you're talking about. charles: jumpers are sweater and wellies are boots. stuart:. and john stossel highlights the global warming and have you seen the temperature? stossel joins us in the next hour not on a bicycle. and housing market, big numbers breaking, it's important for you realtors. (vo) you are a business pro.

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when politics, money, the market's sell-off, another big day on all fronts. welcome to our second hour. here we go. heads up realtors. how many homes did you sell last month? we will tell you the big picture in one minute. could enough's--cold enough for you? -2 in my house in new jersey and here comes john stossel on global warming to. watch out, mr. president. your sharp edged kranick dan henninger is here predicting your next mistake and the president agent jim reveals his superbowl at using david back them to sell you underwear.

it is high tech all the way. i will say it again this is not your usual business show. the market just took another dip lower. we are down 167 points and here comes the latest numbers on existing home sales. for the month of december, start again. 4.87, the annual selling rate of existing homes for the month of december, 4.87 million units, the annual selling rate. that is not a good solid number by any means. do we have any other numbers? month to month, we got that? 4.87 million units sold on an annualized basis. i say that is a weak no. but i'm

not real-estate expert. >> the fed pointed out the minutes from the latest meeting that this was an area of concerned. the housing market showed big signs of recovery and started to slow. this could reiterate that. stuart: the actual number is up 1% month over month. 1% gain. that is it. the most important numbers 4.87 million on an annualized basis. charles: to sandra's point the fed's always have the dual mandate, the third one, tried to express it. there has always been flaws in these numbers even when the big boom was happening, chinese investors, wall street investment firms. we have not been able to seduce main street into getting back to the housing market. stuart: i want to bring in rock

mclean, just heard the last two months of last year were the weakest of the entire year in terms of sales of existing homes. you are nodding your head. that is your experience. >> absolutely. given the paid recovery in the housing sector i am not surprised by the numbers we are seeing. some interesting reasons for that, some seasonality, we are looking year over year from the price standpoint, reach the neighborhood of the highs we saw in 2005 and despite that seeing consumer demand. on homes.com many people searching for homes as ever, games year over year, strength in inventory with markets recovering across the country with prices elevating and restraints and challenges in the lending practices consumers find themselves at a tipping point. can i afford the home i am looking for, in the fourth

quarter given what we have seen earlier in the year is not that surprising. stuart: it seems to me one really big factor is people are looking, people want to buy. you can't get a loan. tough to get out and get that bank to give me a loan. that is tough, isn't it? >> the competition is significant between investors and portfolio rentals, continued demand, consumers looking to get into the market, lending constraints and the inventory source. the one that i can afford available for me. where we are in the market. stuart: a technical expression, the inventory situation. i they're not enough homes in the market? >> more people looking to buy homes than currently available, the ones they want. the person looking to sell or potentially move up can they get

the price they are looking for and find their way to the next home they are looking to get into. and a combination of challenges slow down we are saying in a sales perspective. year over year there's a lot of good news in the market. a lot of markets recovered across the country and those that were the hardest hit bring them back month to month with a better price points, some strong guerrilla take numbers in those areas. stuart: thanks to your expertise we appreciate it. check the big board, still down 150 points. we have been asking all morning is this the start of a correction? charles: correction would be 10% to the downside. not sure about a correction but the market wants a breather and looking for a place to pull back. we were 17% cash, seven alert on training service, probably build to 21% and i would like to see

it. stuart: you want to pull back. charles: i love to take advantage of people's panic. sandra: there is a spike in the vix, we are seeing complacency pushed to the side, and this is no coincidence, finally seeing the sell-off happen in the month the fed begins its tapering. stuart: did you just say i want a panic? charles: i like to see people panic and sell great stock and make and cheaper so i can buy them. i feel bad for the people that do but i want to make one thing, announced tapering on december 18th, the day before the dow closed at 10,875, 300 points, then went to another 500 points after that. if we got back to the point where they announced capering the dow would go to 15,875. that is when we breakeven from . the market is not panicking over tapering.

chinese data -- stuart: chinese manufacturing not exactly shrinking. charles: went to a contraction. we talk about china, those numbers are phony, every time you have not bad number the stock market crumbles. stuart: stock of the day. it is not microsoft. stuart: is up 56 points. give us the story. why is netflix of $56? nicole: it is up 17% and hit a new all-time high of $3.95 and change, worldwide customer base, a 4 million. they added more subscribers in the latest quarter. 2.3 million subscribers and testing a new pricing point of their $8 a month charge plan, we are working on that.

the original programming continues. stuart: i have to fess up, my household is one of the news subscribers because we finally -- charles: they managed to talk about that. stuart: admission and confession. more admissions later. thank you. two more stocks. ebay, carl icahn wants it to spin off paypal. don't know whether that makes sense to me or not but i am asking you about activist investors. are they good for the company or themselves? charles: ed decade ago -- two decades ago we call it green mill. i don't know. hard to argue that they are great. they try to get management to do things that help the share price where as ceos in large

companies, a 20 year game plan. carl icahn wants the stock to pop tomorrow. that may not be the goal of the ceo, and carl icahn the best friend. stuart: remember what they did to j.c. penney, an outside activist who wants to run the company and that didn't work. next one is american eagle outfitters. we are seeing the charles payne principle here. the ceo leaves and the stock goes down. any comment on that one? charles: the guy was there for two years. was a $23.50 stock. stuart: let's get to obamacare. internal documents released by the administration revealed they knew how deeply flawed the law was even though warning it could potentially bankrupt the insurance companies. the administration was publicly touting how great it all was.

judge andrew napolitano is here. i am reading between the lines and projecting forward and saying if these insurance companies are in some much trouble here come the bailout and i the taxpayer have got to pay and i know you don't like it. judge napolitano: you don't like it either. what about t.a.r.p.? i couldn't resist. seriously. we can't pick and choose which industries to bailout and which died on the line because then it is a fascist system. stuart: it is built into and written into the obamacare law section 1342 that if these insurance companies don't meet their financial targets, we the taxpayers step in. i am calling that a bailout. judge napolitano: it would require another vote by congress because the bailout would be automatic. congress would have to vote to send x dollars or borrow x

dollars. just as it did with t.a.r.p.. avoid addressing -- stuart: stop it. the democrats in congress would vote yes. give the insurance companies billions of taxpayer dollars right before they go to any election. judge napolitano: even republicans would vote yes. they always cave when it comes to the bailouts, always want to be the person paying somebody else, always vote to raise taxes and raise the debt and give the big spenders what they want. stuart: when you misjudged this one. judge napolitano: i am with you on this. i hope i am profoundly wrong. but a warning this is a real train wreck coming. here is the question. is it in intentional train wreck? stuart: you think it is the single payer system the obama administration wants to go for. judge napolitano: a created a system that would collapse of its own weight and they will swoop in and save it with single

payer. stuart: next topic, this is for you. the washington post there is an independent review board, this is from the washington post, the phone data program is illegal and should be ended. write a pure street. judge napolitano: interesting. this is a panel of experts appointed by the president so four different entities have looked at nsa spying. the federal judge found it constitutional, a federal judge who founded and constitutional, the president's civil liberties board and this independent funded by the president privacy board. they all agreed on one thing. there is insufficient evidence to show that it works. stuart: there is up hole, fox news poll, the majority of people in this country now oppose stopping the nsa and its phone surveillance program. judge napolitano: they buy the

argument they are keeping us safe. the four entities that looked at it one thing they agreed on is there's no evidence this has any benefit 0 affect. another fox poll, 78% grateful to ed snowden for a feeling it. an interesting dichotomy. i will tell you about a conversation with ray kelly who love the nsa spying but is furious he didn't know about it and grateful to ed snowden for revealing it. to be candid he probably would. judge napolitano: i was about to make a comment. stuart: tried to figure out how to play -- judge napolitano: trying to compare t.a.r.p. to this bill. charles: they all worked. you have to pay the bills. stuart: of done? i think we are. thank you. you are all right. you are welcome back. the world spends billions every year trying to battle global

warming. one problem. we still don't even know what it is. the topic of john stossel's show tonight. just look at this. >> such a good citizen riding my bike to work. i am going to save the earth. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve.

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>> reno for shore how much -- at kennedy airport. the fbi says $2 million. port authority police and $4 million. [laughter] stuart: that iconic seen from the movie good fellows captures the moment the heist broken 1978. now under arrest has been made. federal agents charging 78-year-old assaro, the bernini crime family that was involved in the heist, netted $5 million in cash. he is the first mobster to face charges in that crime. look at herbal life. i know has been in the news a

lot. senator ed markey of massachusetts calling for an investigation into the company. taking a 9% hit on that news. charles payne is here as you know, going to make us some money with real-estate. charles: mortgage insurance after that so/so housing no. this would be the ideal pick. here is the company that weathered the storm. they lost $1.4 million. doesn't sound great except year-ago they lost $386 million. it is and inflexion point in their business. delinquencies are down substantially, new business of 24%. they are turning the corner here. stuart: it is a real-estate play and you like it. charles: on the cusp of a nice break down. stuart: despite the frigid weather much country is suffering through lawmakers, environmentalists doing everything they can to fix global warming. even john stossel is doing his

part. >> i am such a good citizen riding my bike to work. i am going to save the earth. stuart: john is always a little tongue in cheek. this is a serious subject. we are indeed spending billions to combat global warming but we still don't know exactly what it is or if it is happening at all. as is the topic of stossel's show tonight but he is with us this morning. you got a green phone sitting there. john: before my show comes on we asked our board if he would just argue, a special phone line for him but he never called. stuart: nobody is sure whether global warming exists. are you denier? john: i get called a denier but it is a dumb question. indy four questions. is the global warming? yes. i don't deny that. there has been a warming trend. climate changes, always has always will, we're coming out of an ice age the started well before man-made difference.

is a man making it worse? maybe. a lot of series climatologists say we are contributing but that is not known for sure. the more important to the last week to questions. is a crisis? can we do anything about it? probably not going to be a crisis. it is possible there might be some tipping point but even if there is what we're doing now, riding a bike? if everybody rode bikes to earth the earth wouldn't notice even if everybody in china and india did and they are not going to. the earth wouldn't notice. stuart: trouble with the global warming idea is along comes weather like this, it is freezing cold out there and it is going to get worse in much of the country early part of next week, it will go down to-2 in new york city. john: what does that mean? a tiny piece of the world. stuart: every time this kind of thing happens global warmers are pushed onto the defensive.

john: they can't lose. stuart: what is the concluding that of your show tonight? john: we have real problems now from malnutrition and unsafe drinking water in africana and we are going broke. $100 billion on things, if this proves to be a problem we can adjust and in ten years have the technology to do something about it but we don't have it now. stuart: 9:00 eastern, stossel on the fox business network. thank you very much indeed. four u.s. companies, apple, google, microsoft and verizon combined, the $40 billion in cash. that is money that could come back here to help the u.s. economy if president obama motivates flows and bring it back home. my take on that is next. ♪

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stuart: strong subscriber growth, netflix, the stock

earlier hit a new high of 395, it is 392 right now. that is a rally. age and then using david beckoned to sell you underwear during the super bowl, very high tech sales pitch, we will tell you all about it and show you. president obama's latest missteps according to his harshest critics. up next dan henninger ron what the president's next mistake will be. just four american companies hold $340 billion in cash. this gives president obama an extraordinary opportunity. here is my take. the staggering numbers and they are staggering apple has $146 billion, microsoft $80 billion, google $56 billion, verizon $54 billion. that is all cash readily available, spanable, in vastable money. here's the president's opportunity, encourage companies to bring money home, build

america's economy. they are not bringing it home now because if they do they will pay the highest tax rate in the developed world. 35%. cut that rate, give a tax holiday and a big chunk of that money would flow back here and work its magic for us in america. that is the opportunity. cut corporate tax rates to bring investment and jobs back home. will he do it? odds are he won't. the president shows no sign of knowing how to motivate the private sector. he is the government by command kind of guy and bears his world view to consider. doesn't think it is apple's money or google's money. he thinks it is our money and we are entitled to it. plus he just hates any kind of tax cut. there are a couple of carrots dangling in front of this reluctant president. number one, his economic policies have hardly thrilled voters so what is to lose by bringing hundreds of billions back home.

number 2, if he puts out the welcome mat he may bring in a lot more than a few hundred billion. the total cash award of global company stands at $2.8 trillion. even a small piece of that would be great for america. i suspect the decision on corporate tax rates is coming soon. we live in hope for real tax reform, don't we? [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade.

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stuart: from a new foxnews.com paul, the large majority of people, 74% still feel like we we're in a recession. the economy may be recovering on paper according to the experts and the administration. that doesn't mean anything if the average person doesn't feel like things are getting better. 59% disapprove of the president's handling of the economy. charles, that is 74% number, we feel like we're in a recession. even 4.5 years after the recovery began. charles: it reflects reality income is going down, not up. most people have not actively participated in the stock market. the few who held onto their 401(k), thank god i did not panic. it is still not a mainstream phenomenon. on top of that, your world has

gotten better, somebody in your immediate family still may be looking for a job, unemployed, it is ugly. and everybody's ecosystem, something has gone wrong. stuart: a contradiction between the official numbers, some growth and lower unemployment rate, and the way the subjective way people feel. charles: the president will make a huge mistake when he sells america as a failed nation. part of it is nobody ever says how great we are. stuart: let's bring in our next guest. now this guy talking about the president's handling of the nsa scandal. by leading from so far behind on the controversy, mr. obama let them define the problem. by now public paranoia has overwhelmed the realities of protecting the united states from your enemies.

from the "wall street journal." dan, sounds like you don't want to dismantle the phone program of the nsa. >> not at all. we have to protect ourselves from our enemies, and we do have enemies. there is a reason why the news is full of concerns of security at the olympics. people fear they could blow something up there. the nsa program was intended for metadata collection to find out, connect the dots what the terrorists are planning. edward snowden against two don't these documents of the program, the people are concerned. you live in a world now where amazon and google are collecting information about you, and so therthere's a certain level of concern about privacy. and it kept building. barack obama waited until this past friday morning, the morning of holiday weekend, to present

his ideas on the nsa. the problem built over six months before getting concerned, and he is concerned for this very important agency. the responsible of the president to let the problem fester so long so that people got dug in and all this misinformation about the reality of this. stuart: but we just quoted two polls. the same poll shows majority of people approve of the nsa phone program because they want to keep us safe. maybe it's one the other way. but the president has not swung with it. >> instead of the nsa holiness data, which is a big job to do it, he says we should have some nongovernment, and congress should figure out what that option will be.

congress goes us, what are you talking about. he had punted the program into the ozone. stuart: is there any element of the obama administration or policy you vigorously approve of? >> that is next week's column. another example, this week, he has said i think smoking marijuana is no worse suggested that having a bud light or beer, alcohol. what kind of a statement is not for the president of the nine states to make when there are tens of thousands of parents out there dealing with drug abuse and alcohol abuse every single day. he says pot is no worse than having a beer. stuart: i don't know about

strong, but there is some support in america today for legalizing marijuana. he is caught up in that trend and he is saying it. he is looking for votes. >> but that is not leadership. if i had to point my finger on one thing against barack obama, the quality of his presidential leadership has been poor. he is always leading from behind. letting events develop in front of him and that he steps in when it is too late to make a difference whether it is foreign or domestic policy. i think it is very likely it will in 2014. you had these numbers he put up about disapproval of his handling of the economy and the obamacare problems continue to dog the democrats. almost in panic of how it will affect the elections in november. you could very well lose control of congress at which point the presidency were essentially become lame duck.

stuart: at that point you don't have a way of reversing policy. the policy stays in place for a couple of years, that is what we are presented with. >> hit a lot of executive authority, things he can do by issuing executive orders through the department of justice, department of labor which affects the workplace, the stuff matter what congress does to some extent congress would be able to slow the agenda. stuart: thank you for joining us, hope to see you next week with your post state of the union column. h&m using david beckham in a new super bowl ad. could change the way you by your clothes. that is what they hope. and it is about technology. we will tell you all about it in a moment.

my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... in ...was provenial, superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dieta restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners...

...or if you have kidney problems, pecially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upt, or burning. if you or someone you love has afib not caused by a heart valve oblem... ...ask your doctor about reducing the risk of stroke with pradaxa. stuart: take a look at netflix, the company signed up for 2 million subscribers in the united states alone in the last three months. 4 million worldwide. activist investor carl icahn at it again. he wants ebay to spin off

paypal bid the stock is up 1%. next one, american eagle outfitters. we're seeing the charles payne principal in action here. the stock goes down. right now the stock is down nearly 10%. well below $40 per share. much of what the problem is there. down 2%. a big name is a dow component, mcdonald's disappointing sales and blaming the deep freeze in america. the stock is actually now up. next, the president of h&m.

stuart: walmart making a headline here, saying it will get the same level as amazon in online sales. nicole: the stock is not moving too much here. this is unbelievable, the ceo and the merchandise executive say listen, this is not a side project, we are working so hard now being able to a comet customers online that with a wave of capacity, we will be a parity with amazon.com in two years. watch out, amazon, is what walmart is saying. stuart: they have been watching a show on the grounds online is everything. charles payne is still here, we'll pick up on a couple of stock is recommended in the past.

update me on creed. charles: management sent me a new light bulb, fantastic light bulb. it is so volatile, up 5 or 6 points yesterday. still in nice percentage, double digits, i would take it here. stuart: microelectronics, go. charles: yesterday up 12%, today breaking even. stuart: what happened? charles: they missed by a mile. this is a different play. that is actually up this morning. not a big one. stuart: walk away while you can. go. charles: of huge, hanging in there. this is a kind of market, the

numbers these guys posted, even one downgrade. we ride it out, 109, 110, you get another big pop. august 15, september 20 and october. big, huge. stuart: now this. david beckham back in a new h&m super bowl ad. watch this. ♪ stuart: we will not roll the whole thing. h&m will be the first advertiser to use technology allowing you to buy the clothes david beckham is wearing, bu biden instantly h your smart phone. daniel kulle's north american h&m president and is with me right now.

i see the ad come up, i have my smart phone ready to go. you have some underwear with you, how do i buy the underwear immediately right as i am watching the commercial? >> watching the commercials when we have our david beckham commercial, see if you have a samsung smart tv, the product, round the commercial and a chance to click on it and then you type in your mobile number eight lead you to shopping. stuart: forget the smart phone, a smart tv. speaker that is correct. looking forward to see how much we can di. >> we want to be instrumental. >> i don't honestly get it.

i understand how it works, i just can't imagine somebody watching the super bowl, up comes david beckham tattoos at all and here comes my smart tv, i click on it and i dial in my smart phone for a pair of underpants. stuart: i am old enough to be her father. >> exactly. stuart: that is a slam. i used to like h&m. >> your kids will really think he is super cool. we are featuring everybody from the young and old at h&m, but looking forward into the future. if you don't drag them into the commercial, they will look at the mobile. stuart: you want to be futuristic, you want to be out there for youngsters ahead of the curve. how much does it cost? is it 30 seconds?

>> we pay a lot. i don't know exactly. stuart: how much? >> roughly around $4 million. stuart: to you it is not a breakeven, is it? you will not sell $4 million of underwear to match this commercial. >> we look at it in the long term. we want to put this commercial in the growth strategy north america to drive brand awareness and driving traffic. we are the only retailer out there that has a flagship on the super bowl. they can come down and interact, we are there with the flagship. they can interact with us on the tv showing the commercial, we will be very active in social media. stuart: how much will you pay me for this commercial space because i have just given you on "varney & company." charles: retailers have been getting crushed, it has been a

disaster. is it as bad as it looks for brick and mortar right now? >> no. we are growing in north america, even more this year. increasing our footprint, we are growing here, very offensive, i don't see that picture. stuart: is h&m is british-based company? >speaker that is correct. stuart: we talked about the h&m catalog. showing models advertising them as plus size. that, sir, does not look like plus sized to me. what are you up to? >> she has a size that is 44, i think. that is perception of what you think is small or big, but she is wearing from that collection, they can always say it is big or small or whatever. i don't want to walk that line, but she is for sure buying on

the h&m plus size collection. stuart: we thank you for being with us today. very good experiment with the ad with david beckham. it is a question we post frequently on "varney & company," why aren't there more women executives and tech companies? after the break, a guest who's sole purpose is to break the glass ceiling for women in business. coming up.

lou: republicans want to take back the senate in the midterm elections and the congressman wants to keep retiring senator senator tom's seat of the republican party. the oklahoma congressman and starring senator join us tonight to talk about the fate and fortune of the g.o.p. 7:00 eastern. be with us. stuart: very often talk of this program about the lack of female leaders i in the technology sector. providing training to serve on boards and high level corporate positions including technology. welcome. welcome to the program. >> thank you. stuart: why are there so few women in high tech positions?

>> you only have to look at leadership in high tech companies. half of the high tech companies have no women on their board. no women at all. stuart: why? >> therefore there are no women senior role models they can look at. stuart: is that it? would you totally dismissed the argument completely that there is something about a female gender that is unsuited to technology? >> absolutely i dismiss it. we have to expand in schools and universities trying to get women interested in computer sciences, we will see further growth. what we have to see his leadership at the top. we have to sit is high tech company boards. users are women, the consumers, investors are women, why aren't there more women on those boards which marboards?

stuart: some of the new stuff from facebook to twitter, why aren't women inventing this stuff? >> 80% of venture capitalists are male. that had a serious effect. stuart: you are going to get the money. >> no. if you look at the statistics, the money is not going to women who invest and are trying to be innovative, and that is where i see investment. stuart: if you really think a woman comes along with what venture capitalists think is a good idea, they won't put money with them into the women's idea because she is a woman, really? >> there is a lack of venture capital that goes into these startups. they want to make sure they are investing in people who seem like them. these biases that yo do affect

women in all aspects of their professional route. direct women which is the only organization that is out there whose mission is designed to increase the recognition where there is a for companies, looking for women on board, we can help you. stay right there, we will have you back shortly. iran wants to host tourism. your slogans are next. tte or au?

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and as your needs change er time you can adjust your bed to sleep better together. 48-month financing available through february only at your local sleep mber store. find your sleep number setting and know better sleep. stuart: iran's president is using his appearance at davos to talk about a different kind of business, tourism. he is launching a big tourism

push to convince 10 million people like you to visit iran. so we asked you what you would use as an advertising slogan to pull in the tourist to iran. here are some of the responses that are fit to put on the air. one of our viewers says need a little bit of hell on earth? come to iran. another viewer says come for the swallow, stay for the hangings. and says come for the sand, stay for the false imprisonment. i have been iran many times. >> lamb. stuart: a kind of food? come for the lamb, stay for the hanging. we're out of time, thank goodness. connell: thank you very much for that, we appreciate it. three quarters of the country

still feels like this country is in a recession. we also will go live to the world economic forum over in davos, switzerland. liz claman talk and the cisco systems chairman in just a few minutes. and union pacific, we have the ceo here with us this hour to talk about that. and liberty chef and "new york times" best-selling author is also here to get you healthy and fit in the new year. all coming up on the down market with dagen mcdowell on this hour of "markets now." dagen: that is exactly what you are saying. 180 and me being here. my fault, right? that rocco dispirito book, it is actually a weight-loss book. a calorie restricted pound per day weight-loss book.