tv Varney Company FOX Business February 3, 2014 9:20am-11:01am EST
9:20 am
>> first, it was the state of the union. a dud of a speech. and now it's the super bowl, a dud of a game. when did you turn it off? good morning, everyone. the seahawks clobbered the broncos, it was over by half time. we're waiting for the ratings. how many people watched those very expensive commercials in the second half? we've got a bombshell from president obama in his super bowl interview with bill o'reilly. asked about the irs scandal he said, not even a smidgen of corruption. let's get straight to your money though. january was the worst month in five years.
9:21 am
february trading starts today. stocks will open dead flat. not good. the post-super bowl pre-sochi edition of "varney & company" is about to begin. [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients. ♪ morning. morning. thanks for meeting so early. oh, it's not a big deal at all. come on in. [ male announcer ] it's how edward jones makes sense of investing. ♪
9:23 am
>> good kick own a hop and harvin takes off and gets free. percy harvin, inside the 30,'s going to go, touchdown seattle. stuart: and he went all the way. and percy harvin returning the second half kickoff for a touchdown and that's the moment the game for many people ended. is that when you stopped watching. the seahawks went on to win 43-8. it was at best, very best a lackluster game. the best thing out of the game were the comericas, some, just some hit the spot. the budweiser puppy love commercial arguably the most popular, got 34 million views on
9:24 am
youtube before it aired last night. this one came in from microsoft, all about how technology is changing the way we live our lives. that fits right into the theme of "varney & company," tech is king. we like that one. and right now, we're waiting to see the ratings for the big game, especially the number of viewers in the second half. we'd like to know when did you turn off the game? probably a lot of you did it. and other is a telling number. 24.9 million. that's how many tweets were sent during the game. way up from last year. and let's get to your money. that's important this monday morning. the dow logged its worst month in five years, that was january. we start february trading today. futures looking dead flat, actually. dead flat. no bounceback. it's the first trading day of february. first, let's run this one for you. one of my favorite parts of the super bowl last night. this was good. it came before the kickoff, listen to this. ♪ the land of the free and the
9:25 am
home of the brave ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in ve, get married, have a coue of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never ght about money. [ dog barks ] because right after they get married, they'll find some financial folks who will talk to them about preparing early for retirement and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. they're the days to take care of business..
9:26 am
when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. everday of the week. centurylink® your link to what's next. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in orde good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex.
9:29 am
♪ net ♪ get on my knees and pray we don't get fooled again ♪ >> yeah, we won't get fooled again, you hear that? you're looking at south jersey, by the way, south of new york city. and we're expecting more snow, we're getting more snow. less than 12 hours after pretty perfect weather for the super bowl. by the way, there are three snowstorms hitting the northeast this week and maybe that's a factor in the economy. we'll see, but three this week. come on in tres knippa from chicago. obvious question, when did you turn your set off last night during the big game? >> stuart, i must admit i made a bit of a mistake. i'm a texas boy so what do you think i was doing during the super bowl? i was in the next room playing texas hold em with buddies and eating barbecue. in my mind i said well, now what i'll play cards for a while and jump over and catch the second
9:30 am
half of the game. oops. [laughter] oops. stuart: real fast, january, awful month, february, how is it going to go for stock investors? >> i still think we're under -- the problem is the market action in my opinion, we keep trying to recover, but watch the nasdaq and watch the small caps sector. to get up or down you're going to get leadership from one of those places so you've got to look for days that the nasdaq is gaining on the s&p. today it isn't so i've got to be on the defensive a little bit. stuart: we hear you, look by the way, take a look at the big board, we're down 8 points in the early going. rotten month of january and starting off february with a small loss on the opening bell this morning. the phone wars, got to tell you about that heating up. two things here, at&t cutting the price of its family share plans. t-mobile often to buy you out of your contract if you want to sign up with them. both stocks down on that news. that's interesting. >> big names you know, coming
9:31 am
off new highs on friday. nicole, let's go to you and start with netflix, where is it today? >> let's check out netflix, 410.90 the annual high is 412.40. so up a quarter of 1% right now and of course, we continue to watch netflix, don't forget upgraded last week at morgan stanley. they've had all kinds of awards they've been winning for original programming and beefing up everybody they provide to lovely subscribers. stuart: and i'm one of them. okay, let's go to google. a big new high last week, where now? >> well, and today, not a new high, down a quarter of a percent. 1177 for google, but hitting all time highs. u.s. regulators have been looking at lenovo looking to take over ibm's server business and motorola and thing it's probably going to go through. stuart: that's interesting, lenovo is a chinese company and essentially want to take control of the hardware side of the
9:32 am
computing business and doing a pretty good job of that right now. thanks, nicole. the big board by the way, squinting here, down 7 points in early going monday morning. keith fitz-gerald is with us, all right, keith, you're out there on the west coast, i know you are. you're three hours behind us. there's no excuse-- you're in the pacific northwest, there's no excuse for you turning off your set before the end of the game last night, is there? >> well, i don't know. you want to talk about the definition after route. i think this game is going to be next to it in the dictionary. seven plays, 11-4 yards none in the first quarter. that's the end of it for me. stuart: our producer is shocked. there's stats coming out from the get-go. keith, we're impressed. are you trying to bamboozle me because i know nothing about the game? is that what you're trying to do? >> i know surprisingly little about the game, but numbers i deal with with the stock market and i've got to look at them
9:33 am
that way. stuart: stay right there. i've got to ask sandra smith here, you let cora bell your baby daughter. >> eight months old. stuart: did she go through the end? >> she made it through, the star bangled banner was spectacular. she went to sleep. and they saud peyton manning before he started to sing and put the camera on him, he was sweating there. if i was picking horses before the race. he did not look good before that game started. stuart: do you think there was something wrong with him physically? >> he was sweating, he looked distressed and i would not have picked him to have a good game before it ever started. stuart: well, i can understand him being distressed after the first snap over his head, i recall. >> there was heated comments exchanged before the game ever began. i think that he was, you know, he did not look good going into the game. stuart: you didn't expect me to
9:34 am
know about the first snap went over his head. >> i was impressed. stuart: let's get real, shall we? the dow is down 14 points this monday morning, keith, let's get back to you. we've got big jobs numbers coming out the end of this week, we're just coming off the worst month in five years. our viewers are kind of worried. they're worried about-- they don't want to look at the 401(k)'s, they've got anxiety here. are you going to hold their hands and put their minds at rest or say, you're right to be worried? . [laughter] well, you're never wrong to be worried because that means your concern and your needs are involved. now i'm going to hold their hands. earnings are not that bad. if we take a look at the notes, 79% of companies that reported earnings for fourth quarter have topped estimates so corporate momentum is still good. 59% of the companies in the european stocks, are posting, above profit increases. we're looking at 8 to 10%. i think if anything it's a
9:35 am
buying opportunity and comes down to yellen. somebody's taken the punch bowl away. that proves the market is working properly. you have to have buying and selling to get price discovery. stuart: you haven't mentioned the fact that china is slowing or germany may again bail out greece or that the turkey's currency is under pressure and emergency rule in thailand. you name it, one problem after another overseas. you haven't mentioned that, does that not factor in your equation? >> they factor in, but we've had the best of times, the worst of times. these are speed bumps, granted that are terrible and feel bad and pro downs lots of angst. this is the time we want to sharpen your pencil and look for the companies and good companies and good products and earnings aren't going out of style, they're buying low sell high. stuart: that's hand holding. thank you very much, keith. good stuff. more on the snow really coming
9:36 am
down in philadelphia right now. and already the weather is blamed for what are expected to be ho-hum jobs numbers coming up this friday morning. all right, sandra, obviously, you're going to get a lot of spin on this, but the more substantive question is, let's suppose we get a bad jobs report. not many new jobs created. is that good news for the stock market or bad news? >> because and the reason you're asking that is because if it's bad news and an ugly jobs report maybe the fed will slow the pace at which it's tapering, the bond buying program. there you have to play in if you're playing the stock market. that being said. stuart: i want your judgment, i want your judgment. if it's a bad jobs number not creating many new jobs, does the dow go up or down? >> down because i think the jobs-- i think the market is over the fed. i think they know that the fed is going to steadily be tapering this bond buying program and even if they waiver just a bit from changing at 10,000, story, 10 billion a month, it's not going to be-- they're not going to be changing that substantially.
9:37 am
that being said. if you're expecting a ho-hum report you may be surprised. goldman is already saying 200,000 jobs. merrill is saying 185,000 jobs and by the way, if it you look back at history. a lot of people said that the jobs numbers in december were so ugly because of the bad weather that historically speaking, the next month after you see such weak jobs growth. those numbers go back on the payroll and you get a jump in the following month. it it could look good. >> the weather is the out. >> the weather, again, right? facebook launching its news viewer app. it's called paper. it launches today. look at the stock, it's sitting-- that's another new high at 63.36. we do a lot of of stories on facebook. what's wrong with them? they're losing teens, we always hear the negatives about facebook. but you know, it really is a personalized global marketplace wrapping in amazon, ebay, all combined. we find it a very interesting company and the stock matches that. we're joined now by somebody who
9:38 am
knows a great deal more about this than i do. his name is ted murphy. welcome back to the program. >> how are you? >> and i was doing just fine. and i want to know about facebook, there's this split. you get a lot of negative publicity, they're losing teenagers, they're spying on you, taking your information, et cetera, et cetera, and yet, it's a very important company. what do you make of facebook? >> look, i like to think of facebook as the world's biggest block party and instagram, a frat party with cats. and snap chat, a kegger on the beach, daytona beach. what's great about facebook is at this giant global block party you have some people that are showing off pictures of their children, but other people are engaging in commercial, right? people are finding jobs. people are buying products. people are saying, look, i have this, would you like to buy it? you have my-- i have tickets to a game, do you want to buy them? and i think that that's one of
9:39 am
the things that's often overlooked about facebook is just how much commerce is actually going through that platform. and with that skew towards the older demographic, those people have purchasing power. stuart: i think, look, as an investor, i would say that should have a social network like facebook or twitter in your portfolio over the very long term. it's like should have had amazon or ebay in your portfolio from way back or oracle or microsoft or apple from ten years ago. it's got to be, it should be a part of your portfolio. would you sharply disagree with me or no. >> no, i absolutely agree with you, i believing that facebook is more than the app, facebook is a platforment when you look at their acquisition of instagram, this new product paper, they're going to diversify and find new audiences, they've got plenty of cash and plenty of room to grow. stuart: and we thank you for
9:40 am
setting the record straight: over to nicole, crossing ford, down 7%, we showed you the stock a moment ago, nicole, bring me up-to-date. 14. >> it's down 1.2%, it was at 14.78 a moment ago, still a winner over the last 52 weeks. the month of january, sales overall, ford sales fell 8.4%. they had a bright spot. lincoln sales rose 42.5%. everybody loves lincoln suddenly. and that seems to really be the bright spot. stuart: but you can't overshadow an overall 7% drop i'm afraid. >> i tried it to give you a good one. stuart: you tried laugher laugh check the big board, where are we? i think it's dead flat. yes, we're dead flat. down 5 points below 15,700 on the dow this monday morning after the worst month in five years. the super bowl, i'm calling it a dud. i got that. but what wasn't a dud was this
9:42 am
are we still on for tomorrow? torrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. csx. how tomorrow moves. what a day. can't wait til tomorrow. she loves to shop online with her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts,
9:43 am
and stole her hard-earned money. unfortunately, millions of americans just like you learn all it may take to wreak havoc on your life. this is identity theft. and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. if mary had felock's bank account alerts, she may have been notified before it was o late. lifelock's credit notification service is on the job 24/7. as soon as they detect a threat to your identity within their network, they will alert you, protecting you before t damage is done. lifelock has the most comprehensive identity theft protection available, guarding your social security number, your money, your credit, even e equity in your home. my years as a prosecutor taught m that we all need to protect ourselves from crime. in today's world, that includes identity theft. it's a serious problem. we all ve to protect ourselves. [ male announcer ] while identity theft can't be completely stopped,
9:44 am
no one works harder to protect you than lifelock. you even get a1 million service guarantee. that's security no one can beat. you have so much to protect and nothing to lose when you call lifelock right now and get 60 days of identity theft protection risk free. that's rht. 60 days risk free. use promo code notme. order now and get this document shredder to keep sensitive docunts out of the wrong hands. a $29 value free. don't wait until you become the next victim. ♪ ♪
9:45 am
>> oh, first day of trading after the rotten month of january, we are he down a little bit. not much, but down, 5672 is where we are. and gold 1250 per ounce as of right now. the game, come on, it was a bust. some of the ads were flat-out terrific. puppy love from budweiser. hero's welcome from budweiser and crushed the competition on the field almost as much as the seahawks crushed the broncos on the field. listen to this, mike burns, the
9:46 am
creative director the man behind these two ads. now, this guy is a genius and sitting next to me right now. mike, they're terrific. >> you're the only person who has called me a genius. stuart: that's not true. this morning, the world is. >> a lot of people-- >> okay, okay. and you're good, okay? that was a work of art. it wasn't a commercial. i didn't know it was anything to do with beer until the last two seconds of it. it's an art work, that's what you did. >> and i think it's a story about unlikely friendship and that has everything to do with beer and getting people together that you normally wouldn't get together with. and the clydesdales, you know, that's budweiser, one of the most iconic representations of the brand. stuart: you knew you can't go wrong with a wonderful dog story. >> those dogs were amazing. stuart: the dogs were amazing. >> in the stables that happens dogs and horses have a certain kindred spirit so we just kind of-- >> was any of that computer
9:47 am
generated? >> zero. stuart: real animals? >> the trainers were amazing and we were blown away, everybody on the team, and the guys behind it, really blown away by the trainers of the horses and puppies. stuart: how many puppies did you have to use? >> there were eight. stuart: eight? >> it's like twins in movies when you always have-- >> how long did it take to get the right shot, the shot that is just right? >> i've got to tell you, jake scott the director and rnc the production company and everybody in anheuser-busch, everything was tight. the production was really tight. the puppies, hey, come on, crawl under the fence, boom, two takes. we were efficient and a lot of shooting days, it was impressive. stuart: i've got a buck that says because that-- the puppy love ad only appeared in the last two minutes of the game, i'll bet that you were sitting at home, wherever were sitting hoping somehow the broncos would make a comeback so
9:48 am
the number of people watching going up. >> when the second half started and it was run back for a touchdown. i thought peyton manning throw seven touchdowns. >> and were you able to measure this yet. we don't have the numbers yet. >> from viewing and twitter, puppy tweeting and answering tweets. it's been an outpouring of support and love. stuart: and some ads, it says call this number and get this. well, you can measure the response, you know exactly how many people tuned in for that, to that commercial, but you can't do that with your puppy love ad, can't do it. >> no. stuart: it's just, it's a work of art. >> thank you. stuart: did that lock you in for next year? >> well, i think when i was here last year you asked me the same thing and i have no idea. the bulls eye is on our back and we'll take it, we're all exathletes. stuart: you don't live with pressure. you know you're locked in for
9:49 am
next year. they're not going to fire you. >> as far as that goes, you never know. we have a great relationship and i think it's more about how do we do it again. stuart: i think i asked you last year and i don't think you answered. i'll ask you this year, a stuart varney question. did you make a million dollars personally from that ad. >> did i make a million dollars? >> no. stuart: you didn't? >> what do you mean? >> i create the best two ads on the most watched of the year and you didn't make a million bucks? >> no. stuart: you need an agent. you do. [laughter] >> it doesn't work like that. stuart: it doesn't? >> no, no. stuart: why not? >> you get handed a lump sum of money for what you do, it's way different. stuart: well, will you appear with us next year? >> i'd love to. stuart: after another triumph. >> i hope so. stuart: are you working on any other commercials other than with budweiser. >> yes, we have a bunch of different clients so we're
9:50 am
working with from converse to dick's sporting goods. stuart: i think. >> it was good. stuart: didn't exactly bring tears to my eyes, but that was a work of art. you're a genius and thank you for being here. >> thank you. stuart: thank you. and moments ago we put general motors stock on the screen for you, about $35 a share. they reported a 12% drop in month over month january over believe, down 12%. ford was down 7%. next our judgment on joe namuth and fur coat at the coin toss and bruno mars half time performance. back after this. ♪
9:54 am
9:55 am
the buzz was about his fur coat. peta tweeted dear real joe namath, the fur for your coat is meant for animals. let's move on. sandra smith is here, tense up, girl. tense up. our production staff said that bruno mars half time show was great. i think young people thought it was great. older people not so great and you say. >> he's 28 years old and only released two albums i was surprised when i asked did you know who he was before he played. to be fair, prince and rolling stones have been the acts recently and i think they had gotten a little boring. i think this was fresh. i think it was wholesome. i think it was classy, i thought he did a spectacular job. stuart: did you? >> yeah. stuart: i thought his tributt to the troops, that was the redeem feature of the performance. we'll agree. and new at 10:00, president obama dismisses the irs scandal with bill o'reilly. not a smidgen of corruption says the president. we've got somebody from the tea
9:56 am
party to answer that one. and listen to this, buying marijuana based on the type of high it it gives you, it's about branding. we've got the company doing it in a very big new hour of "varney & company" that comes to you next. i ys say be thman with the plan but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18
9:57 am
or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell youdoctorbout all medical conditions and medications. serious side effects could include increasesk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrh, vomiting, and increase in psa. ask your doctor about axiron.
9:58 am
9:59 am
watch secure video in real time, and even adjust your lights and thermostat erever you are. with adt, you get 24/7 protection through our exclusive fast response monitoring. you can be confidenthat adt is always there for you. hey, lisa. is that the delivery we've been waiting for? [ male announcer ] and now you can get adt monthly service for your business starting at less than $2 a day. [ woman ] i love the convenience of adt. i can finally be in two places at once. [ male announcer ] call today to get adt for less tha$2 a day. helping protect your business, is our business. adt. always there. stuart: we are following your money in the second hour. the worst month over five years down again this morning in following events in washington d.c. beacon that is where your money is going.
10:00 am
not even a smidgen of corruption at the irs? the two-party is here to respond. obamacare as follow-up health insurance we will set up your legal rights. we bring you the man behind marijuana branding that he can guarantee their brand name. we have another intense response to the of lager that says stay at home moms are inferior. here it is. we have taken a turn south dow jones industrial average of the last few minutes falling 89 points. charles paid it looks like there is the shift.
10:01 am
last year the market wanted to go up now it looks like it wants to go down to one it has the shift to the downside. but friday we saw buyers step up to the play but dash not sure what issues triggering it other than the auto sales. because to injury is a bad month. >>. charles: we were looking 53 it was 51. obviously much lower. stuart: bad news on the economy. sales and manufacturing index is bad news for stocks charles: the market has gone by the news. stuart: you are laughing a and smirking. >> i am enjoying this. everybody needs to relax and
10:02 am
stop the panic attacks. we are at record levels but 1% correction in is a triple digit dive. when you see it go down we are talking marginal fraction to the down side in percentage terms. the s&p 500 2/3 is already within historical norms. everybody relax. stuart: but if you are sitting at home looking at your 401k retreat badly. >> you are mischaracterizing badly. 3% is triple budget so it feels like a record level but by the strong companies of the depth that can pay dividends with the backdrop course suggest it is still bad if the currency crisis spreads to other markets. we saw that '97 and '98 a severe double-digit correction with the agent --
10:03 am
asian and russian flu. so both of those it is up 25%. stuart: you gotta all. >> i am trying to give you a perspective don't be so dreary on a monday morning. stuart: i will liven things up. [laughter] facebook? another new high? >> up of 110 percent over the last 52 week straight. 110%. today 1.to 5%. 63.38 this just goes to social media stock twitter is higher by over 2%, i asked one of the traders why she said social media baby. [laughter] stuart: now the dow jones
10:04 am
industrial average is down about one digit three but it is still a sell-off regardless of what liz has to say. >> is just half a percentage stuart: you are quiet are about one. [laughter] charles: we always put the market is in context of last year but unfortunately a lot of people watched that if you came in november you're thinking i'd waited too long if you came december your down. that is the psychology that individual investors have to grapple with. stuart: if you bought apple last year in december you paid for average $50 per share in your head you thought you got $550 invested now it is up 500. you just lost an% sudafed is like blocking microsoft.
10:05 am
[laughter] stuart: did the ira's deliberately target conservative groups? not according to president obama. it would not even be a scandal if not our fox coverage. listen to what he told fox news bill o'reilly yesterday's. >> things keep surfacing in part because you and your tv station and promote them. >> you are the leader of the country. you say no corruption? none? >> there were some baldheaded decisions not even mass corruption or a smidgen of corruption. >> okay. stuart: interesting. the two-party news network is here. not even a smidgen of corruption?
10:06 am
what do you say? >> not even a smidgen? as a huge pate and winning the and i was quite disappointed that the most excitement came from the pregame show. i have to give him credit he held his feet to the fire and he never gave a direct user. i will give fox credit to make sure this is new continues to stay dominant that people don't forget and go about their day. stuart: not even a smidgen of corruption is what he says. are you saying there is? there is a llnk between the irs scrutinizing two-party and intimidating people? between that and the campaign to re-elect president obama? are you saying there is a direct link? >> no doubt about it.
10:07 am
if the president would be willing to release internal records in e-mail's but he and his staff referred room dash refuse to work with the attorney general's. last night all he did was called more than 100 organizations fliers, like billy graham, lawyers elected officials to bring this up liars and just because the president himself has not admitted what goes on within his organization does not mean it has in have been taken not just close his eyes i don't know about that stuart: liz macdonald is with us who has been following this since day number one. now we are talking about the president not releasing internal e-mail's. that is accurate. >> yes. also the details of the meeting with the irs official who was there a number of times and mr. o'reilly ask about that
10:08 am
the president said he cued recall meeting he does not recall meeting with him one-on-one. but he said it was about health reform and financial reform. we need a special prosecutor the chief counsel used the term i don't recall it 80 times in testimony. that raises the enough questions for a special prosecutor to get to the bottom of this. >> we will continue to persist thank you to fox news but they will say they have eric holder but they contributed to president obama is campaign. we need the outside source just like the chris christie scandal fox is doing the same thing with the irs can go. thank you for that. stuart: we will see you soon. the super bowl ratings for irving numbers show there is
10:09 am
no records this year in fact, they are down one full percentage point from last year. we don't know when they tune in or out but we will bring it to you i think it is how many people stopped the second half and it was all but over. how many people turned off at that point? i thought it was a dead. a complete failure of mass transit the is waiting for a horse to get to or leave the game. to leave play in the nfl for the new jersey transit? >> people were warned it would be a logistical late mayor. last week you could get throat the building you get tickets people but it would be to decrease.
10:10 am
i have to rely on the bus but did you blame new jersey transit or the nfl for abandoning people? >> the nfl in this particular case. [laughter] by david meet with him on this. [laughter] i agree with your producer. stuart: and the next experimental breast cancer drug? >> it hits so many families now pfizer jumped on the news that it significantly improved survival rates so that is good news of 3.1% for pfizer. now we have a follow-up from a story last week a blogger red halite -- made headlines with her post i looked down on and young women with husbands and kids that young
10:11 am
moms who work but they are not equal in value to a woman who takes care of herself. we took a week but we found somebody who's supports that promise. for time mommy is not an occupation but merely a biological status. joining us from london. welcome to the program i do hope there is not a delay in because it makes it difficult. >> i can hear you. stuart: what are you doing? you say and whether that stays home, works at home has the arduous task to bring up children, you are making a face. do you have kids? >>. [laughter] of course. i do not have this many
10:12 am
wrinkles without kids. i have three kids. you talk about the share price of twitter social media, facebook, for me that women that go on facebook and twitter for their status full time on the it makes my eyes itch. stuart: explained. i have six kids. i know how hard it is to be at home with those young children. argued dismissing that entirely? by the way. you are. okay. do you have a nanny? >> yes. yes i do. i still have to pay my nanny just as you have to pay your
10:13 am
toe care i just work like a husband a and not a wife. big dues. if you go on facebook you can update your relations -- relationships status but this is just a biological statement that now i am pregnant big deal. stuart: a lot of people in this world who do not have enough money to afford a nanny. >> i hear that all the time. stuart: come on you put people down you say it is just a status. >> spare me that estrogens years. for about three years if you work you have too except what you will do is take a salary and handed over to
10:14 am
someone else but we need to do that because you have to keep your place in the workplace if you will thrive. it is important for women to show their children yes you can have all but you have to be prepared to sacrifice. i have voiced bin to being your system over hear your six weeks of unpaid maternity leave is a genius as far as i am concerned. stuart: you are now considered officially a good guest speakers were lively in particular and address the issues you are valued. come back. >> i will come back to frighten you. stuart: you terrify me. [laughter]
10:15 am
charles: i thought i was listening to the females tour carney -- stuart i don't like that old school british upper-class you have the fault. >> i like how you don't get the woman's response. [laughter] stuart: that is the producers' fault. [laughter] we are back after this. ♪ [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients. ♪
10:16 am
morning. morning. thanks for meeting so early. oh, it's not a big deal at all. come on . [ male announcer ] it's how edward jones makes sense of investing. ♪ if i wanted america to fail,rica i'd start with energy. and they did. the keystone pipeline, the war on coal, endless environmental lawsuits. our public officials were not empowered to negotiate the slow surrender of our freedoms. let not history say, that we deserted our principles, when they were most in need of a vigorous defense. we are not the masses. watch the video at freemarketamerica.org. there's nothing like beingour own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order.
10:17 am
10:18 am
stuart: in january sales numbers from to liotta are in not good the stock is down 1.3%. gm is down and ford is also down. facebook has to watch out because there dicks guest has skid in the gay. the coal face under of the app called circa it was called the best one of the desert he did what to watch this your "forbes" 30 under 30 welcome to the program.
10:19 am
circa is a news app i can't get it on my phone to have the news feed designed for my spot? >> yes. stuart: or you better than facebook? they come with their news feed today. >> the idea behind it circa we want to make news easier to read we are solving the problem on the consumption side facebook side it seems like it is making it easier to discover what your friends are sharing but we salt consumption problem days of the discovery problem. stuart: where to get the news from? to read like a regular dusk report. whether television or
10:20 am
twitter choose any source that we can to identify the right information. stuart: because you are geared to mobile phones that changes the way you present the news, and short, sharp, immediate it changes the nature of the coverage? >> absolutely we have a team of writers and our own journalists doing this work in a different nature reproduce the content. what was exceeding -- exciting to see come to life. i did not have my options for consumer news but it is much more easy to consume. stuart: but is that skewed to young people that young people are using mobile more than older people? is there a lot of celebrity news?
10:21 am
>> not to the least we do a lot of hard news if we do that because we feel the importance to have real information. so what we consider to be the most important news in there you will not find that with entertainment. stuart: it is free. how does circa make your money? >> we have been venture funded so far then we will roll out advertising, as subscription as well as licensing the back gant tools how we develop our own news. stuart: other than facebook that takes a news from your friends. >> different entirely. i am excited it will be interesting to watch to bring interesting stuff around the state but for us not only is it easy to consume news but we have a
10:22 am
feature how these stories progress. stuart: circa. free app. thank you for joining us. i will go out there to call the super bowl a super bus. congratulations from barney and company michael straight and inducted into the football hall of fame this weekend. i think the winner of the super bowl this year will be the new york jets in my on the ball or what? charles: you know, absolutely nothing about football. [laughter] move fed you that? stuart: they are a fine team. so ally bank has a raise your rate cd
10:25 am
that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally.
10:26 am
10:27 am
it was a bust. the game itself i am not an afficionado but even i could tell right from the get-go the first play made out lousy start to the game and it went downhill from there. what are the odds the first play of the game would be a safety? were the game's best quarterback would be intercepted twice a and shut out completely? as an advertiser to pay a fortune for the second after the game was done by the first quarter. the advertisements were a bad start i saw a crude expression from a child than the intimidating commercial that turned out to be maserati. the rich not entertaining or informative. don't get carried away.
10:28 am
the national anthem had a great voice. and the commentary in to come through eventually with us salute to the troops the budweiser and the chevy truck commercials and i don't doubt for one moment we will all be back next year to crown the super bowl as the financial king of sports. but the buildup was so strong and the delivery of the game was so weak i cannot shake the feeling of disappointment. i am nowhere near as negative as our production team their judgment at the early morning meeting was the worst super bowl, the worst ads ever. they are a tough bunch. ♪ [ bell ringing, plause ] fivtech stocks with more than a 10%... change in after-market trading.
10:29 am
♪ allhe tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade.
10:32 am
stuart: now down 145 points. that means we have lost almost exactly 1,000 points since december. there were negative reports coming out at the top of the hour with production is lower than projected. car companies reporting sales decline in the month of january and secretary lew talks about the debt crisis? >> also fear mongering saying he has no gimmicks this time they are really
10:33 am
serious. we will hit the debt ceiling if congress does not act today. they have run out of gimmicks. stuart: ice timing. @% is a big drop. another down 151. one of the favorite super bowl ads microsoft showing how technology is changing the world stuart: i do own the stock but it is a pretty good commercial and no conflict of interest. but that backs up what we are saying. technology is good, it is skiing and leads america's
10:34 am
economy. charles: it is interesting that know how innovative microsoft has been but technology needs a public-relations campaign because soon it will take people's jobs a robot and artificial intelligence. not wear white collar workers could say it is the blue-collar worker problem now artificial intelligence will take the white collar job. maybe they do need a p.r. campaign. stuart: another obamacare legal problem about due process and judge napolitano is here. what we see if i have got this right. you enter into obamacare in a mistake has been made on the exchange. no appeals process to fix the mistake. 22,000 people have filed all the forms because the mistake was made on their
10:35 am
application, they cannot fix it they have been scanned into a computer sitting there because there is no back and established for dealing with appeals. that is the due process problems connected constitution requires the government with everybody comes in contact with it charged with the crime to the president to a janitor or making an application fairness. fundamental fairness with procedural fairness and substantive fairness. that means if the government makes a mistake is it of giving you the correct address are the wrong address or wanted to run on your social security number or your birth date is wrong and you make every reasonable effort to correct that and they rejected then they repealed their rejection then they are not treating you with fairness. how can they get away with this? if you sue a government in
10:36 am
the courts of what it has a timetable hill house to reply but when they are judge, jury, executioner and writer of the rules like obamacare and they have not yet written the rules how they must reply, they will do. those 22,000 that are trying to correct a mistake not milk -- not to mention those that lost their policy because the computer rejected their application the government has not moved on any of those. stuart: it is more than 22,000 that is just the people that build up this seven page form. >> others have attempted just to go back to change the dates and the computer will not let them. stuart: there are thousands of people who called then referred to said fix this mistake and they were told
10:37 am
the federal workers could not get into the computer to fix it. >> is this really a surprise? to follow-up on the microsoft story that is in the business to deliver high quality goods and services to the customer it would be fixed immediately but when it is the government that considers people making an application for a benefit a burden, the government that has no competition, that has no incentive to treat these people well, they sit in a box waiting for someone to decide when it is time to reply. stuart: if fisa you can i get money for damages? a maverickthink so. federal judge to order the government to answer right away but i think that would be overturned the way obamacare is written at the
10:38 am
age of us is judge, jury judge, jury, executioner, th at is too harsh but as a rule writer with his very little the courts can do. stuart: it is the front page story today on the "washington post" tte first paragraph reads the government cannot fix their errors. >> this is what what they warned us about to read the bill to find out what it is in there. >> that is superseded by john stuart she said it is not my responsibility. i sat next to her on the plane she wanted to talk about her grandchildren it is obvious he did not want to talk about politics. stuart: did she know who you are? >> she certainly did she had a security entourage. everyone passed as shook my hand and she was on the phone when she got off she said hello then had eighth
10:39 am
chat. >> the news of the day is that she knows who you were. >> i think it is only because her security did. stuart: watch out -- watching to find out what he is about. >> after the break a guest who runs a business that guarantees a specific, and of high. quality control for marijuana. now back to nicole petallides super bowl prediction summation reports from the day new york stock exchange nicole petallides also picked the number of the broncos. chicago bears, the redskins what does he know? [laughter]
10:41 am
10:42 am
we have sales numbers coming up the first four do january sales down 7 percent compared to december blaming the weather. stock is down a 14. general motors stock is down % 171,000 cars and trucks sold last month. gm is down at 35. the dow is down 121 points. that is a sell-off. quality control. next. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.
10:43 am
[ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investing. ♪
10:44 am
stuart: the stock moving up in down more than anyone else we will go to nicole petallides to find out why. >> down 3 percent right now it week cutting the price target of $75 was still little upside potential. they still have a buy rating but they have to taper down. i think it is from friday to be on this. stuart: it is down $1.34. charles says he will make his money with international taser. stuart: i thought they had a lawsuit. charles: the police department that use them as less lawsuits. you are less likely to be sued in your stead with these they and shot with a handgun. but the business has taken
10:45 am
off. they just got orders from atlanta, birmingham, pittsbu rgh, riverside county california, hundreds and hundreds. but i also like the camera it is starting to catch on. the policeman wears it on his person and this way everything is captured. you talk about the of lawsuits, a diminishing lawsuits making it safer and better for the police departed they are getting bigger orders for that the stock makes a nice move to the aside. i think it will go north of 20. if you drink the same beer you expect the same results it is quality control. now can you get the same thing with your marijuana? this company guarantees its brands names like giggle and
10:46 am
a bliss will give you those feelings every time. quality-control standards in the pot business. we have the ceo. good to see you. >> you are absolutely correct. quality-control standards is the biggest selling impediment to this industry. stuart: our viewers are intrigues. if i smoke of a joint of your brain and giggled, are you guarantee me that will be the impact on me? i will giggle if i smoke this particular kind of lead because your scientists have narrowed down the response that weed will give me? >> absolutely. we cannot be the same for everybody but for the vast majority they will have the desired defect when trying
10:47 am
our product. stuart: i suspect it will go national i think you'll have recreational pot nationwide at some point. you are establishing a brand early so windigos legal in new york people say i have to have the giggle. >> absolutely. if you look across the country at the sports stadium now one single one is named after collective is all after a brand products that solve problems and we were designed to be a problem. a lot of people will make a lot of money short-term on the growth operations but we would both agree over though long term cannabis is a commodity the prices will fall in the ridiculous margins will disappear. stuart: do you all to eartha
10:48 am
thc content? >> o lot of people think it is magic but our process is not different from used to make decaffeinated coffee or perfume. if you walk into a department store all bottles of chanel number five will be the same it is not hard for consistency of you use the right process. stuart: come back to see us when we have more time. this is setting the stage for something bigger later. we will see you again. super bowl adds $4 billion for 30 seconds? most were released early on you to visit worth it? is missing when viral videos could be made for a couple of hundred and reach millions of people. ♪ earned, usaa auto insurance
10:49 am
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 milary members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. open to innovation. open to ambitio open to boldids. that's why n york has a new plan -- dozens of tax free zones all across t state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.
10:52 am
10:53 am
please join us. stuart: i have some fears weaponry our next guests became a famous from viral videos he helped to create this popular video. ♪ he is with us. the man from the viral sensation. that was very good. in to spend hardly anything to produce that. >> i did not produce that that is with being on a new tube now other companies will hire me instead of spending billions of dollars they will have be recreated a safety video for virgin america. stuart: you come up with the
10:54 am
video to demonstrate something when dave like safety. it looks great and has a great rhythm so you make money. >> exactly. stuart: is it just your own band and not to advertise, just you? >> absolutely. part of what makes things go viral they have something they identify with that they have done a million times. my first was for mcdonald's i just say my order in the drive 37 i saw that. kid you make money on that. >> you did? absolutely. stuart: advertisers give money to you because you advertise the them. stuart: katy make $1 billion for advertisers. >> i was on ford's 30 under 30. stuart: that kind of money? you might have to come back. [laughter]
10:55 am
>> we do we can go make music videos together. stuart: i have no sense of rhythm. [laughter] what was your favorite ad in the super bowl? >> i'd love to cheerios and the yogurt commercial but my favorite was teredos. stuart: is the cardboard box ? >> that was hilarious. stuart: he is in a box. >> daytime travel machine. it was so q them the old man comes out and he thinks he has traveled into the future [laughter] that kid is very clever. stuart: that cost $2 to make >> but they got $1 million
10:56 am
because they. >> but people like the most it is monday and something we can identify with. we have seen no lemonade stand but the fact he is one step ahead to havel's p.m. is adorable. stuart: so you could make well into the six figures, seven figures doing videos for you to. comeback to see as a democrat will sing about you in my next video. >> your take on the last night super bowl? next. welcome back. how is everything?
10:57 am
there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability o fedex.
10:58 am
10:59 am
commercials. keith says that is four hours i will never get back. that is the best the nfl has to offer, it is in bad shape. agreed. jonathan tweeds i love seeing elway loose. just with the wrong team. wait a minute, wait a minute. look, i'm not an aficionado here. what happened? i saw him all over the internet. charles: he turns out elway is a republican spoke not about the stand, but doesn't like the safety nets. i think he was more or less same as the country we can pull yourself up by the bootstraps but angered a whole bunch of people. stuart: most said they did not watch at the halftime, they tuned out. did you? charles: i watched it. the hits were amazing. number 31 of seattle, a monster.
11:00 am
stuart: we believe it at that. dagen: you get a pass, but generally you are not an american unless you watch the entire super bowl. you have to do it. from bootstraps to a boot up the butt, the broncos flail and an nfc team wins the super bowl. stocks rallied based on an old, if flawed, market indicator. hopefully he sees a better market. and raising the debt ceiling and exchange for some changes to obamacare, the public is want to bargain, will democrats budge? troubles for apple iphone. a team has one of the devices explode in her pocket p had and united says goodbye to cleveland. coming up on this hour of "markets now."
209 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on