>> has the selling stopped? maybe. have the buyers returned? yes for some big-named stocks that you know. good morning, everyone. the dow will open this morning with a very modest gain. since monday that hectic selling, that appears to have stopped. let's get to the buying. stand up and cheer if you own green mountain coffee, soda stream or disney. they are up. and then there's twitter, watch out below. 331,000 new people joined and signed up for unemployment checks last week. they should cheer up, surely. haven't they been liberated from the rigors of work? and look at this, a 3-d multi-color desk top printer printing away 3-d in our studio. here comes 3-d to your home.

"varney & company" about to begin.

>> they're off and running. the sochi olympic games officially underway. by shaping up, it's expected to be a tough sled. excuse the pun. take a look at the pictures. trash on the streets and packs of stray dogs roaming around the olympic village area unfinished rooms. and toxic yellow water. guests be warned don't touch it. and possible terror threats and may plan attack planes flying into sochi using contained in tooth tubes. there's absolutely no comparison except from the pr angle, but remember what happened at the super bowl. transit nightmares and people stranded at new jersey train stations for hours. again, new jersey is not sochi, but these big sporting events bring in big tv audiences and money for the sponsors.

they're no longer just for spectators, they're primarily a global tv events. image counts and right now russia's image taking a big hit. we cannot underestimate the scope of the weather impact on the economy. ice, snow, blanketing the northeast and the midwest the last couple of days. snow frozen so solid you can stand on it and it's causing power outages, too, that's damages. millions in the dark and many of them in pennsylvania. that state energy company calling it the second worst power failure on record. more than a thousand utility workers trying to fix the blackouts there. power or outages, they have a big impact on the economic activity, that is being felt. now, to the markets. yeah, we're set to open just a little higher, maybe 50 points higher this morning and we're going to repeat and ask the questions of the weak, has the selling stopped? is it time to start buying? we've got a very big loser today. it's twitter.

it will open way down. user growth slowing, that's the problem. our twitter bears called it on the ipo day back in november. do you remember this? >> the user base of small revenues are going in the wrong direction. you have losses mounting and no idea how to make a profit. i want real products, real profits and real executives it know what they're doing. >> they have yet to prove they're indispensable. they've got to hold onto business. >> as a business it doesn't seem like a good one. where are the valuations coming from, it's like wall street is in a feeding frenzy. they're eager to sink their teeth in. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in ve, get married, have a couple of kids, [ children laughg ] move to the country,

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>> ♪ ♪ the greater good, let it go, let it go ♪ >> my grandkids saw this movie several times, "let it go" from "frozen". gave 65 million for disney, that stock is going up. and here comes the opening bell, i've got big names moving big time today. first of all, twitter, that's going to go down.

green mountain coffee, that's going to go up. disney, making money on nearly every front, not just the movie side there, corporate news flooding the wires today. we've got the angles coming. a few seconds from the bell, that bell will ring. then they'll start trading and looking for a gain of, 30, 40, maybe 50 points at the bell. michael robinson from money map press and sandra smith is here, and michael smith of social radar, we'll get comments from all of them in a moment. first to the market, the opening trend is up. it makes a nice change. 12 points in the very, very early going, the dow, remember, 15,450 at the moment. that means we're down still over 1,000 points in this calendar year. right out of the box let's go straight to the price of twitter. i know it's going be to be down. i know it's going to be down big. user growth, user growth is slowing. not as fast a pace as everybody wanted to see.

the stock is at 50. down 24%. michael robinson, is twitter a buy at 50? >> no way to know exactly if it's a buy at $50. you know, the thing i worry about, we talked about this in the past,stuart. when i've got post ipo like this, it's always volatile. this is not the first time we've seen a big social media giant stumble shortly after the ipo. stuart: come on, michael, you're the guy who jumped out of the box and said apple's going to 1,000 and you're not quite sure whether you'd buy twitter at 50? come on. >> there's no way to really value it whether it's worth $50 today or 25. apple is a different company, that's not a post-ipo. stuart: is that a no? >> that's a no, i wouldn't buy at $50. stuart: michael chasen, he's in the medda game. why are fewer people signing up for twitter? >> it's not that fewer people are signing up.

it's growth has slowed. he had 9 million new users this past quarter and beat revenue expectations. stuart: it's the signups, that's what i'm interested in. it's the signups, that's why it's down. 9 million not good enough. what do you say? >> i think that twitter has a giant global opportunity and they'll continue to rise and i think this stumble out of the gate is not dissimilar to the stumble that facebook had. look where they are. at the end of the day twitter beat revenue estimates, earnings estimates and growth sup. year over year and quarter after quarter. stuart: i don't care about that. you're dying to get in, facebook has way more active users. >> these are astounding numbers. total twitter active numbers. 241 million. a huge disappointment. if you want to compare this to facebook, total active users, 1.2 billion. you're talking about adding 9

million users a month, that's a drop in the bucket. stuart: you watch me try to calm things down here, i've got to move onto something bigger, green mountain coffee, coca-cola takes a 10% stake, 10-year partnership. green mountain straight up. and michael robinson, is it time to sell when it's up 40% on the day? >> depends on when you entered, obviously. in a market like this, i would be playing moneyball and take smaller profits and take om money off of the table, but like to ride it out a little while longer and see where it's going to go. you look at the impact that a tweak in technology has, a whole new thing with soda stream, the single cup brew. so technology has come in and changed two industries, really, that were considered morabund ten years ago. stuart: and i want to say with

full roasting coffees. >> there's a dropping down in brazil where the coffee comes from. stuart: does it affect green mountain coffee roasters? >> no, unfortunately for us, most the time when coffee prices go up, the retailer will raise prices, but coffee is it an extremely profitable business and that's why you see dunkin' donuts, mcdonald's, starbucks, green mountain fighting for a piece of this. total growth profit margins green mountain 2013 was 37%, very profitable business and it prices well. if the coffee price goes up, they pass it along to the consumer. stuart: that's a margin. by the way, soda stream is up in sympathy with green mountain. now, soda stream, that's already in the homemade beverage game that coke is trying to get into. it's getting into it and that's up in sympathy with green mountain, up 5, nearly 6%, another big mover, its name is disney. strong numbers there and all cylinders.

the animated movie "frozen" made big money. nicole, come in and tell us about disney. >> up 5 1/2% at 75.66. they did well across the board in all of their businesses. of course, you have the blockbuster movie "frozen" and thor" both did so well for disney. the interactive gaming unit which was lagging they have the game infinity, the stock is soaring. stuart: i saw ceo bob iger on the willis report, fox business, last night. did he say he doesn't have much confidence in the-- confidence of consumers? >> yeah, when asked what he sees going forward, he says that the recession left an indellable mark on consumer confidence. disney is seen as a barometer for the u.s. economy, the global economy and he's showing concern about the consumer and spending habits. stuart: before we go to nicole on gomes. i want to go to the dow and asking two questions. has the selling ended? well, that's a gain of 88 points, that's not bad. i'm going to call this stability, okay?

all right, nicole, general motors, didn't make as much as the all-seeing analysts on wall street were expecting. the stock is down. >> down 1.2%, and they saw some weakness in north america, asia, south america and it's disappointing for them, they said that the analysts didn't account for the restructuring, especially the closing of a plant in germany and said that the analysts didn't get it right. so ford and gm are lower today. stuart: leaving the stock market, and bringing in just a touch of politics and culture. and that's what i have. let's go to tres knippa in chicago. all right, 331,000 people filed jobless claims last week. the democrats say don't worry, all of these laid off people, they have been liberated. they are free to pursue their dreams. how do you feel about that? tres knippa. >> you know, stuart, i find it rather odd that somebody can

present forth an idea that says a government program is meant to liberate me. doesn't that sound a little bit ironic, that it actually takes the government to liberate me. and that that is so vile and disgusting down to my very core, i can barely stand it. this administration has reached new lows with this comments about, oh, the obamacare is going to actually free me up to follow my dreams. my dreams are up to me. it's not going to come from washington. it doesn't come from the incentive there. and for me, this is-- like i said, this administration has reached a new low with this one. stuart: you're in chicago, i'm in new york. i felt those vibes coming at me from a thousand miles away. thank you, trey. we appreciate it, good stuff. back to the markets and back to nicole. the new mileston for tesla, the consumer finds the company is the fifth best perceived auto maker in america. so the stock is.

>> stock is higher again. it doesn't sound great, but it used to be 11. so it's in climbing the consumer reports ladder. and the model s has gotten near perfect stocks. i think everyone would love this one, up 345% in one year. stuart: i'd love it if i bought the thing. thanks, nicole. let's move onto sony. big changes there, it's going to sell off the struggling bio, the pc business it has, vio. and a layoff of 5,000 people. all right, michael, a smart move to buy sony? that's a tech name from way back when. >> i think it's a smart move to buy sony not just because they're selling off the pc division, but announced they're spinning out the tv division and this then should allow sony at phe end of the day to report higher profits and higher earnings and also, i think this restructuring is going to be better for the company because they'll be able to really focus on just their core areas. they're seeing a lot of traction in mobile, a lots of traction in

gaming. getting rid of the distractions at the end of the day is a good bottom line for the company. stuart: and turning that thing around. i remember the days of the walkman and the trinitron tv. i had one. >> what it's saying, sony is another company that come out and said, look, it's basically the death of the pc business going on. people are shedding that part of the business. we're focusing on mobile and gaming. and leaders in hardware saying the business is on a decline and we don't want to be a part of it. stuart: we hear you. thank you. look at the big board, up 85 points and asking those questions has the selling stopped? i'm saying we have stability at 15-5. lose your job in democrats say, oh, you've been liberated. more on that in a moment. ♪ you're so vain you probably

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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. >> all right. it's a mod test-- modest rally. this is stability after intense selling last month. where is the price of gold? a couple of stocks we're watching for you,,the health insurance aetna missed all important expectations. so, it's down 2.6%. we've got mixed results from kellogg. yeah, it it made a profit, but the amount of money that came across the transom went down, but it's down 2 1/2%. we spoke a lot on this program about the last cbo report that claimed that jobs will be cut

because of obamacare. my next guest is refuting those claims, saying it's not that jobs will be cut, but rather, people will be given the choice not to work. let's bring in fox news contributor. julie. >> he yes. stuart: this morning we hear that 331,000 people filed first time unemployment claims. i take it it you're rejoicing because those people have now been liberated from the rigors of having to go to work and you and i and sandra sitting right here, we should be really delighted that we are going to work and we are supporting those people who are now pursuing those dreams. >> let me quote back to you, somebody like your hero paul ryan, and mitt romney and others who complained for many years about the thing called job loss and people had to stay in their jobs for their benefits. no, no, this is important because this is what the cbo was addressing. stuart: it isn't about older people. >> it is. stuart: it's about people who choose not to work.

>> did you listen-- >> are you happy that people now choose not to work. >> you're wrong. stuart: and we will support them. >> you're talking about something called job loss. stuart: i'm talking choice not to work which was directly from jason ferman and i can play the sound bite. >> do you want to hear the chairman's testimony. that's not it at all >> he said it. excuse me, have we got that sound bite? have we got it. >> are you cherry picking or listening to all the testimony. stuart: you asked me to listen to-- roll that tape. >> and everything that we had before. labor demand hasn't changed they still have that job they can still go to that job and still do that, but i give them the extra new thing, you can't have made that person worse off. stuart: and we've got ferman we give you this extra new thing, your liberated we give you the choice not to work. >> and you want--

>> address that. >> and you wanted your facts to fit your vision, but instead i'll give you real facts. stuart: real facts? >> let me tell you this, let me finish and i'll tell you what the facts are. if, for example, you're sutuck n a job you no longer want to work in. if you're ready to retire, cannot collect medicare, you have the means to retire, you don't have to stay in your job because you're worried about job loss because you're insured-- >> that's a small group of people. >> it's not. stuart: yes, it is. >> it's a problem so vast that the republicans complained about it for two decades. complained about 20 years ago. stuart: unfortunately, we can't round up the sound bite. elmendorf said that, yes obamacare is a disincentive. >> i've got the quote in front of me. act created disincentive to

work. and ryan responded quote, as a result that lower labor supply lowers economic growth. >> wrong because-- >> what i want you to do, julie, go into the next election and proudly proclaim that yoo are very happy to provide people with a choice, work or not to pursue your dreams and you'll pay for it. >> i'm not paying for it. stuart: borrowing the money. go, you have 30 seconds. >> thank you for 30 seconds. i essentially believe if you're staying in your job, not looking for other work because you're committed to staying in your job because you need health care, you have no exit, but to look for other work or go elsewhere because you need your job purely for health benefits that's disincentive to economic prosperity. disincentive for people to gain other jobs, to follow their path. stuart: i do hope that the democrats will go into this election. >> do every year. stuart: for support for

obamacare and the ability to choose whether you work or not. >> every year-- >> and full bore, let's go right into it so you are stuck in the welfare trap you have no incentive to get out of it. i do hope you'll do this, julie, i do. >> i'm proud to keep talking about obamacare, i think it's a good thing for the country and tens of millions who are going to sign up this year and going to put a lot of these people back on the path to having health security. stuart: i wish i'd not interrupted you earlier i would like all the viewers to know that you think that obamacare is fine and dandy. >> that the last election and we won. stuart: and the senators, democrat senators in the senate facing reelection who are running away from president obama. >> they are? >> full tilt. >> your home state, senator cory booker. stuart: i'm not interested in my home state, i'm interested in new hampshire, louisiana, arkansas, i can't remember the others off the top of my head. >> louisiana, alas sta.

stuart: they're not in the bed with the president. i'm looking forward to the election. >> every year. stuart: i've got the sound bite. i want the disincentive bit, go. >> bee providing heavily subsidized health insurance to people with low income and withdrawing those subsidies as income rises the act creates a disensen tiff for people to work relative to what would have been the case in the absence of that act. stuart: there you have it. thank you, julie. >> do you want the rest of the testimony? >> thank you, julie, out of time. a troubling report from wall street journal, a terror attack on a power plant in california, was it maybe a dry run for a future attack? we'll have the details for you in a moment. hi, are we still on for tomorrow?

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>> my take next hour on why luck is now considered a part of the road to success in the new america. 10:25 this morning. new report for the wall street journal about a possible terror attack on a california electric grid. now, this attack occurred in april and it started when a single individual snuck into an underground vault, cut the phone lines for a power substation. more attackers then fired more than 100 rounds at the power station and knocked down 17

transformers. the electric couple was able to avoid a blackout and took 27 days to repair the damage. sandra smith, we're looking more into this. that's a scary scenario. >> it's leading to concern that there could possibly be a terrorist attack that would blackout all of america. stuart: was that a dry run? >> 52 minutes and you said 27 days to repair the damage. here is the answer to your question. an exchairman of the federal energy regulatory commission told the wall street journal, this is the most significant incidents of domestic terrorism involving the grid that ever occurred and he's saying that it would only take a target on a few substations in in country to cause blackouts for the entire united states. so dry run? possibly. stuart: they don't know who did it yet. >> no. stuart: thank you, sandra. a stark number on gambling in america. 119 billion dollar lost last year. why do we gamble? why do we give the government so much in gambling taxes?

and dr. keith ablow gives the answer. the 3-d print are still churning out a mystery object. this is the first of its kind and we'll explain in the next hour. the judge is coming, liz macdonald is here. a big new hour coming up. abo, we miss out on the thin that matter today. ♪ at axa, we fer advice and help you breakown yr insurance als into small, mageable steps. because when you plan for tomorrow, it helps you live for today. can we help you take a small step? for advice, retirement, and life insurance, connect with axa. open to innovati. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here

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stuart: great news, everyone, great news. 300,000 people liberated from work. they are free to pursue their dreams. now get out of bed come you go to work come you support them,

welcome to the new america. -@she has a millennial's obamace horror show for you. gambling losses lesser totaled $119 billion. widely do these? that is my take this hour. walk up to a stranger, scan their face, know everything about them. there is an app for that him have the judge with the implication. and will the president build the pipeline? the 3d printer, that is still working live in our studios, let's see what comes out of it on this show this hour. big story of the day, big story of the day, green mountain

coffee roasters, they make those k cups for their coffee brewer. coca-cola is paying $1.2 billion for 10% stake, a 10-year partnership with green mountain. in it will release a cold drink machine in the next couple of years. i am told the people who bet against a stock, they'd that it is going to go down, they are getting killed. >> we're talking about david einhorn, the shorts that we know of. other lesser-known names have been shorting the stock. this is a stock with a huge short interest. about 38 million shares are now shorted at green mountain. stuart: as of this moment a lot of people are actually losing a lot of money, and they got to buy the stock.

check the big board because this is a rally, where up 114 points now putting the dow at 15,555. all day long we've asked the question is the selling over? by the looks of it, yes, it is. i am going to use the word "stability." nicole, please show me twitter. nicole: you should say please don't. the stock is down 19%, below of the day was $15, this is the biggest selloff twitter has had since its ipo. stuart: liz macdonald, you have a big twitter follower. the market is still missing off the time. liz: i am more bullish on twitter than i have been because i see its potential for growth overseas. when you have facebook monetizing off of phones, what facebook is doing in terms of ad

spending, that is the big deal. twitter is a game-changer. this is taking the fluff out of the stock. stuart: the selloff is because the only signed up 9 million new subscribers. you are not buying into that. let's see what happens. we are following it for you. a new google glass app allows users identify the people around them just by looking at them. users can see other people's names, their occupation, their age, and all other kinds of personal information. you just look at them and up pops this information right in front of you. does that raise privacy concerns? judge andrew napolitano. are you worried about this? >> i would be worried if the government was doing it. the fourth amendment has the

guarantees of privacy, protects us against the government, does not protect us against each other. does not protect us against private invasions of privacy. but as i understand it, and i may be weakening my understanding, but when this thing comes on, i see you in a restaurant and all of a sudden your image is in my google glass, it will send to my handheld information that you have made available to various social media outlets. it is not going to give me something that you have kept secret. it will only keep that which you have chosen to reveal two other social media outlets. the lesson here is not this is an invasion of privacy, the lesson is somebody can gathered what you can already have made public and acquire it instantaneous. they can acquire it without even typing in your name because of facial recognition software.

stuart: google is harnessing facial recognition. >> which is extraordinary. stuart: absolutely. instantly, instantly it is using a massive computing power to find out everything that has been written about you. >> or that i have voluntarily revealed like now when i'm on fox but when i put things on the various social media places where i put things, facebook and twitter. it will not show a picture. stuart: supposing things come up that i have not put on a social network. like if i had a criminal record. >> they may be capturing something that somebody else put up and invaded privacy, but the original criminal is the original invader, not the person who posted it.

>> that happens all the time on facebook people you are friends with post pictures of you from grammar school or high school. this is coming off of the company name tag, you upload immediately into the glass application. and also it will upload, could upload what people put on their dating website or other websites. the dating profiles as well could be uploaded. >> if the government did this it would run a foul basic fourth amendment principles which basically say for the government to start an investigation needs evidence. stuart: supposing a police officer wears google glass. >> not permitted by the fourth amendment. he cap begin downloading information about you without what is called articulable suspicion. something he can say as to why your behavior is suspicious and has to commence an

investigation. he cannot do it because of your angelic smile. >> if by the act of looking at you is going to cause government computers to download all the information they can acquire about you, that is the commencement of an investigation. he'd only do so with articulable suspicion be at stuart: we did the an advantage from the cup-- >> from the cops point of view he is to uphold the constitution which includes the fourth amendment. they don't have the fourth amendment in britain. he's right, philip, he's right. that is my imitation of the queen. stuart: they have the 3d printer over here listening to this. the obama administration treasury department along with the former irs official

restricting conservative nonprofits. you have more on this. liz: this is about at a time in the white house said it will be most transparent the administration ever. what this means is essentially that it will restrict the activities of groups that have been educating the public for example about the size of government, government spending, the constitution or abuse of the constitution. if that information is in voters guides, that will be considered lytic collectivity. rulemaking is being done not in public, being chased behind closed doors and that is what has got people upset. stuart: did they or did they not use the machinery of the government to intimidate the opponents in 2012? >> only a special prosecutor could find out. stuart: strangely mute this morning. >> they are master that using the machinery of government to intimidate people. stuart: he will never get a

special prosecutor because eric holder will not appoint one. the leaders this and it could not appoint one, could he? speaker of the hous house could. >> only the speake attorney genl could. stuart: i have to move. some obamacare headlines for you this morning become a lot harder to find a doctor. the headline in the "wall street journal" this morning. the headline reads insurers they news pressure of limited doctor choice. that is interesting. more on this. what more have you got on this story? >> i asked millennial's last night, so what are your thoughts on obamacare in your economy? i was really fascinated because it did not get a barrage of e-mails of high premiums, i did get a few of those, but these millennials are so concerned of how obamacare is affecting their

employment prospects, so for millennials lucky enough to have a job, they have seen their hours reduced. close it has not been to find a job, they are hoping, getting jobs in massage therapy. they cannot get a job and blaming it on obamacare, which is fascinating. stuart: talking about their experience with obamacare. the people who you would ask, they would be disposed, everybody knows it. >> have 4000 friendd on facebook of all different sides. libertarians, conservatives, liberals, it is a broad spectrum. there were one or two positive stories but by and large all ideologies are blaming it on obamacare. when i approached them about employment prospects and say did you know jay carney said

obamacare is giving people the opportunity not to work, millennials were outraged at that. if you are one of the one in 2000 to apply for a job and able to get one, you will do everything you can to keep it and gladly would trade places with any of those people who would choose not to work because he has had only internship and part time employment he blames obamacare, which is really interesting. often votes on social issues. he is voting republican. stuart: so if you are unemployed, you young folks, you don't feel liberated to pursue your dreams, correct? >> that is absolutely right, stuart. while they have opportunities to get higher degrees, people cannot afford it. they say i'll take the job at starbucks even if it means giving up my dreams. it is very sad. check out my facebook, you can

see these comments, they are not good. stuart: we love hearing from millennials on this program. come back soon. >> thank you, stuart. stuart: we lost $119 billion gambling last year. a lot of it coming from lottery tickets, people trying to take the easy success route. they still keep buying. dr. keith ablow is next. [ female announcer ] who are we?

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visibility, not huge confidence out there, it doesn't necessarily mean people are pessimistic. this suggests we are just somewhat uncertain. stuart: that is from "the willis report" last night. there's not a lot of confidence from people out there. i'm kind of surprised by that. his company just made a whopping great big profit and firing on all cylinders. why would he say something like this? >> consumer spending grew at the fastest pace the third quarter of last year propelling gdp growth. 33 ceos also spoke the "wall street journal" and are worried about consumer spending, worried about the consumer and that is one of the reasons they are hoarding cash on the balance sheet. stuart: it is confidence he pointed out, they are not confident of the future. maybe it is all fox news coming up with negatives. liz: it is a general economic

hypochondria going on. stuart: that is good. liz: that we have seen the last two years. stuart: be careful kids, that is going to get right up there. now what we're calling a gambling problem. collectively all of us in america we lost $119 billion last year just in the united states. here is dr. keith ablow. i don't gamble, but can you tell us why is it people keep on coming back when they are losing this kind of money? >> people keep coming back because they want to feel like winners. they want to distract themselves. gambling can be a drug. they want to entertain themselves, that is maybe the good side of cameron. the real money to made in las vegas and casino owners and in atlantic city are for the most folks who keep coming back

and they are addicted to risk, and they are looking for some way to confirm they are lucky. a lot of those folks end up in my office because something convinced them early on that they weren't worthwhile, they are trying to counter that by having a slot machine pour out some quarters. stuart: he wants that he is only happy when he has everything on the line. everything at stake. back to him his life, you get that? >> that is his life. what skill is involved? not much. in traps the odds a little bit better than at the slot machine. it takes a little bit of skill but really what these people are saying is i didn't have any control early in my life, i kind of touched base with that feeling when i'm in the casino

and the odds are stacked against me, i have no control. they are replying something and playing it again. that is a pathological side of behaviors. we talked about the ethical business. stuart: i want to get your comment. as you know, banning tobacco products on all of the stores. you see a contradiction here between a company that bans that line of products but at the same time sells many other product lines which some would say are equally harmful to your health? is there a contradiction? >> i would not say the candy in the candy aisle are equal to cigarettes. the contradiction would be selling cigarettes at the checkout and in the back of the pharmacy people getting tamoxifen to battle breast cancer. i think it is inappropriate for a health-related series of

pharmacies to sell cigarettes. stuart: i think it was a marketing decision, a branding decision and i think it is their right to make that decision. flat-out, i do. that is extraordinary, agreement on two issues. >> utterly unpredictable what happens here, it is like a casino. stuart: i need a hug. we just heard from dr. ablow on gambling. after this you will get my take on gambling. welcome back. how is everything?

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stuart: let's not get carried away, keep this in perspective. up 132 points, that is less than 1%. a little stability after all of the selling. soda stream up big on news coke bought a stake in it. coke bought a piece of green mountain and soda stream is up in sympathy since they are in the home dispensing game coke is trying to get into. look at yelp. several price target upgrades and have hit a new high. a loser, sorry, pandora gave lower guidance whose pesky

expectations strike. the president dragging his feet. up next, a senator with skin in the game. a pipeline would go through his estate. he is here. live in our studio, the first-ever multicolored 3d printer for consumer use. you will find out what it is making in a moment. as we reported, gambling losses totaled $119 billion last year. a lot of that loss came from the people buying lottery tickets from government run lottery systems. most of the people lost all of that money are poor people. so why do i hear almost every day commercials encouraging people to gamble? here is my take. of course the states want the tax revenue, but i think it is also part of the change we are

seeing in america's work ethic. it is basic culture. when i first came here, gambling was legal only in nevada. very hard to place a bet illegally those days. back then the road to success was clearly laid down. go to school, get a job, work, save, marry, have children, in that order. worked move you up the food chain. success came from saving and investing. the work ethic was firmly embedded in the culture. they looked down on you if you didn't work. over the years that really changgd and in the obama years the work ethic has gone into rapid reverse. now if you choose not to work, you are liberating yourself. it is find the somebody else work and pay the bills for you while you pursue your dreams. gambling and encouragement of gambling plays a small role in this because today luck is

considered part of the road to success. not having a job is liberating, winning the lottery is her best chance to move up the food chain. that is a perversion of america's tradition. a terrible thing because it is at heart a lie. you do not move up the ladder by not working or by throwing your money away on a lottery ticket. it is a trick, it is a cruel trick because at the end of the day poor people lost $119 billion our political leaders are trapping those people in a lie. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sal data. split-seco stats. [ indistinct shouting ] ♪

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and drive rward with brder possibilities. cme group: how the world advances. stuart: we used to call them government motors, now they're back to general motors. didn't make as much money as people were hoping for. 48,005 funded u.s. gm workers will get up to $7,500 each in a profit-sharing check. stocks down. we have a winner, duncan brands, boosting its dividend, 6% rise. in new report from the state department confirms what we all knew all along, the keystone pipeline project unlikely to have any adverse effect on the environment. the ball is in the president's

court, the pressure is on, a group of senators sent a letter to the president urging him to approve the project, we are joined by one of those senators, republican from north dakota john hogan. >> good to be with you. stuart: with all the we have heard, all we have studied on this pipeline i don't see how the president can turn it down but i think he will. what say you? >> he is trying to find a way to turn it down. we are in year 6, five years this has been in the permitting process, the final environmental impact clears the way to move forward with the project so he is trying to defeat it with ongoing delay is which is why we are putting pressure on it. stuart: i suspect if he does approve it there will be all kinds of caveat like you can't export the oil, you can only

allow a certain amount to come down the pipeline or it must be fed here or there. that would be the way around a flat out yes, go build this thing. what do you say? >> it is a possibility which is why i have legislation with a lot of bipartisan support to move this forward and that is why we're continuing to work to get people on board. force a decision and get the project approved. stuart: you can have legislation that says mr. president, build it. you can pass that legislation and it is up to him. >> we did that in 2012, attracted to the payroll tax holiday forcing him to make a decision and he turned down at that time. it has been rerouted, we jumped through all the hurdles and we are trying to do the same thing, force him to make a decision and to make the right decision for the american people. stuart: in the interview before the super bowl with a bill

o'reilly the president's pooh-poohed the idea it would create jobs interrupted and said just a couple thousand. how many jobs would it create if it were built? >> the state department says 42,000. in addition to hundreds of millions of tax revenue doesn't cost one penny of federal dollars, billion dollar investment that will generate tax revenues, the state department, you are talking about energy independence, producing energy at home rather than getting it from the middle east. stuart: would you handicaped this thing? what do you think will happen at the end of the day? >> we are up to 55 senators on board, we got to 55%. we get it and we are working on it every day. stuart: give us a comment what we heard yesterday from the congressional budget office that yes indeed obama care and the

subsidies are in deep a disincentive to work? >> a match to the cbo which is nonpartisan, congressional budget office in short clearly that obamacare creates a disincentive to work because as you increase your income that is a disincentive and asia 2 million people who will not be working because of the disincentive and that doesn't even accounts for the incentive to cut people back to 30 hours or less to avoid the cost of obamacare. stuart: republican north dakota thanks for joining us. good luck with that, we will talk to you soon. i want your comment on the -- we have being facetious, we are saying the 331,000 people who last week signed up for jobless benefits this is a cause for celebration, look at that,

331,000. stuart: they are getting unemployment. that is not bad. they would be limited, free to pursue their dreams. i am being sarcastic. i got it. >> i feel like alice in wonderland, here is what is going on. when you are liberated meaning you choose not to work as the spin is in the cbo report that mean the workers who are working, two parent working families have to underwrite and flow health reform including me pay for the people who are not working. ii you go without a job you may not have health insurance, if you are pursuing a career as a musician that health reform is entrepreneur real, you will be slapped with a mandate tax if you don't get health reform or subsidies in the exchanges. if you are liberating people from their jobs meaning people are not working, people who are working will have to work

longer, pay higher taxes to float the people who are liberated and not working in health reform. stuart: without the sarcasm. before we go on, look at the big board, nice rally. in percentage terms it is not huge, but 145 points up represents a change in tone from the big selling we have been seeing earlier. check this out, we have been teasing get through the program, the first multicolored desktop printer aimed at the consumer, first of its kind, it is printing something during the entire show. what is the printing and what is special about that little box? back in a minute. ♪ [ 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. ♪

stuart: a lot going on, twitter down big at the opening bell. user growth slowing, down 20%. green mountain coffee coca-cola takes a 10% stake $2.3 billion, ten year partnership, green mountain up 27%. big move of the day is disney, strong, made big money, stock is up 5%. new march consumer reports, the best perceived auto maker in

america, stocks 2% 170. the new york times reporting strong growth in digital subscriber is. revenue from digital subscriptions up 36% from last year. new york times up next. we will reveal what that 3d printer has been churning out throughout the show.

stuart: why is kellogg's such a loser today? p> kellogg's came out down 1%

reporting lower-than-expected quarterly revenue sales, face intense competition from general mills, not only the cereal business good people moving to yogurt and a white and other breakfast options. they did do well with sprinkles, something under their umbrella and other names including cheese and pop tarts but a new low for the stock for 52 weeks underperforming the competitor, general mills. stuart: the dow is up 154. we talk a lot about 3d printing on "varney and company," a game changing technology, desktop manufacturing. today we have something new in the industry, throw a desk 3d, the world's first decks cops size full color 3d printer. we have been showing it to you in emotional morning long. we are joined by bob object ceo

mark warner and chief technology officer, what did you print for about this service sessions so far? >> we printed a full color key chain. stuart: during the time we have been on the air? that is not bad. you are both english? where did you invent this thing? >> originally in san francisco and middle england. stuart: let me come to grips with this. it is box that sits, you can put it in your home. what kind of things could it 3d print for me? >> many things. there are different ways people will arrive at prints so companies will get people engaged by things like gaming so x box controllers will print those out. stuart: you can print out a x box controller? not just the plastic shell?

>> electronics, no but children want to customize their gaming. all of that will change. mobile casing. even the outside of the case you will be able to print. stuart: all i got to do is poor in, plastic material. plastic filament goes in a. hard plastic. then you feet in software and 3 write the software to produce and print what you want to print. that is how it is done. >> we take hard plastic that he cut to 200 centigrade, melts down, it choose what plastic to mix, like an ink jet printer. standard colors and extrudes that in layers. liz: what about scones? >> you could do anything. stuart: you could do it. >> anything in that build capacity. stuart: we have the box on

screen at the moment. that fits into my home? >> sure. as big as you can get for a desk. we start at $3,249. we are the apple for desktops. stuart: the look of the thing reminds me of the mcintosh. >> we want to create an artistic product as well as a powerful machine. it has incredible advancements, full color and professional great resolution which is why we charge $3,000. stuart: sony one. i am a homeowner, live in america 40 years, have my house over there, why would i buy one? >> many reasons. home utility replacement. i myself have printed a replacement ceiling for example. >> what did you print?

>> maybe this is -- stuart: you did that. who writes the software for a light fixture? you can do that or can anybody do it? >> you need some skills in 3d designs built-in from scratch but there is a massive library on line. >> this for proliferate fast. companies release current design, people are drawing for you that you can select, scanners that allow you to walk around and print a statue. stuart: how far away is that? >> it is coming out now. coming out now. that will take all the technical use out of it and the last thing you will grow your own objects four way to get these designs and the way you want. >> can you read -- print stuart varney's and which? >> only one reason. stuart: the name of the company is bought objects, completely privately-held, just you two

guys. but you are the owners. what you want to do? you want a buyout? or an ipo? >> you never know. depends on the market. of the window for the money, young man. you are looking for a buyout. what price would you accept? >> before we even wake up. of 100 million. you are just getting started. we believe in volume and we believe it will bloom in two years. everyone will have a 3d printer. stuart: fascinating stuff. bought objects. take a look, thank you for joining us. come again.

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lou: the department of justice refuses to allow irs investigator barbara boxer to testify before the house

oversight committee. tea party group suing the federal government, our guest tonight at 7:00 eastern, please join us. stuart: not the top of the show we brought headlines from the sochi olympics, not going that well. and finished hotels, dirty water, stray dogs running around, now this. budweiser says it will not put on its big party in sochi. terrorist threats too hi, too strong, doesn't want to put its employeee in danger. that seems to me so cheap is a huge global tv event and that is bad p.r. bad image. liz: bad image for russia. budweiser has been known for giving its traditional olympic parties and budweiser is saying no because of fears of terrorist threats. only terrorist threats over hang

fear for these olympics in russia because moscow has been known and russia in other parts of the country known to be extremely dangerous for some overseas tourists. it has been a deep concern. stuart: these are huge global tv events where the country can showcase what is going on. and here comes the world cup, an even bigger event in june of this year from brazil. image is very important. you are on the world stage. russia is taking a black eye. now this. social media sites making us stupid? researchers believe, we browsed through information by social media sites with great speed and ease. it may hinder our ability to think analytically. enough of that. how about a market? we posed the question earlier

are we going to see selling come to an end? with the dow and 150 i am inclined to say at least as of this moment it is not that hectic. liz: the stock market has found a footing here as jobless claims show labor markets beyond improving, whether or not it stays and hold remains to be seen. bullish sentiments, the highest since 2011, that has shifted. the blogging negative about the market. stuart: if we get a bad jobs number tomorrow, hardly any new jobs, suppose that happens. is that good for the dow or bad for the dow? l bad for the dow. stuart: your take on obamacare is next. [ male announcer ] e new new york is open.

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stuart: we spoke about the trouble millennials are facing with obamacare so we asked for some of your own obamacare of our stories, joanna says my husband lost his insurance when he checked what was available, his monthly payments more than doubled and his annual deductible tripled to almost $7,000. basically paying insurance companies not to be covered and moments ago we got this from a duke university study, this will dramatically cut the number of people companies hire. you have more details. liz: startling, that is what the duke university chief financial officer, a survey of chief financial officers, this is a big deal, 40% of cfos said they would consider switching full-time workers to part-time status, four of ten in the survey said they would consider switching full-time workers to

part-time status when health reform fully kicks in. have said they would be reluctant to hire full-time workers, when in ten say they shift to part-time, may lay off current workers. stuart: i am reading this. one of the researchers says he doubts that the advocates for obamacare saw such a startling impact on the real economy. >> these achieve financial officers to make the many decisions across the country. this is further proof, evidence of the shift in sentiment against health reform on the part of the people who do the hiring and firing across the nation. stuart: this week we have seen from the government's own being counters the suggestion, the forecast that we will lose the equivalent of 2.3 million jobs because of obamacare. the top guy at the cbo said yes,

it is a disincentive to go out and work and a reputable study, duke univ. quoting cfos, chief financial officers four out of ten of them say, what was that? liz: switching full-time jobs to part-time status and this in advance of the employer mandate, the employer mandate was delayed one year under health reform has yet to kick in so you may see more countries joining the likes of ibm and trader joe's making changes in a workout is due to health reform. stuart: a keep coming, obamacare, one negative after another. liz: the best retiree's shifting that but in terms of other companies we are seeing this trend just beginning, we are at the leading edge. stuart: wish we had more time but we don't. connell: we will take up some other numbers that are rough this morning as one of every six american men in the prime of their lives do not have a job.

monica crowley is a first on how to get these people back to work. using your local post office as a bank? uncle sam wants to take care of your money for you and new york's newest crime fighters could be wearing google glass. the department things off device could lock up the bad guys out there and misusing twitter. there are a lot of ways to do that. we want -- we now learn most companies are using twitter more as a complaint line than a marketing tool which is the mistake. we have that and dagen mcdowell this hour of markets now. ♪ dagen: nice to see you made it. connell: there are ways to miss use twitter which is what i was thinking of when i saw that. dagen: i find my tweets here first. connell: find to worry about it and h