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tv   Varney Company  FOX Business  February 10, 2014 9:20am-11:01am EST

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♪ imus in the morning ♪ >> you're working too much. just stay in bed. cook dinner at home tonight. welcome to the new way of looking at work. good morning, everyone. democrat keith ellison offering a new spin on the jobless winter and obamacare's job destruction. it's a good thing. americans, he says, work more than others and that's bad. wal-mart begs to differ.
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their new ads say work is a beautiful thing. they will spend more money to bring america back to money and the culture war rolls into the vice or virtue of work. an apology from the a ochol ceo he had done public with the treatment cost for sick babies. that's a profound mistake. and winter won't quit. two-thirds of the country covered in snow, more to come, it's going to hurt. and the guy who created the $50,000 a day revenue stream called flappy birds walks away. what is he up to? "varney & company" is about to begin. ♪
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what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. >> you've all seen the latest cbo effort report on obamacare, yes, it will kill the equivalent of 2.3 million jobs. got it. that's horrible news for the country especially for those who want to work. democrat congressman keith ellison does not see this as a
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problem. he thinks americans work too much anyway. listen to this. >> we're going to have parents being able to come homeworking reasonable hours. people are going to be able to retire. people might be able to actually cook dinner rather than get takeout. >> what about germany, denmark, the fact of the matter is we need a better work life. ask a working mother if she could use more hours in the day to take care of her family, that's what's really going on. stuart: i'm glad he mentioned denmark. this is the new spin on the lack of jobs. we're in the midst of a joblet winter, labor participation a 30-year low. it's going to get worse in part due to the winter weather. more thirds of the country is covered in snow. bringing snow and freezing rain to washington and oregon. roads in seattle virtually impassable. business at a stand still in many parts of the pacific northwest. this hurts the economy. there is an understandable
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reluctance to go outside. people are not shopping. not looking for work, and here comes obamacare. the economy is weakening. economists scaling back their growth forecast for 2014. as for the stock market, it will open slightly lower in a few minutes. janet yellen is going to be in the spotlight this week and here is the question for her. how much money are you going to print when the economy is clearly slowing. we're going to watch your money for you and you can watch it live. we'll take you to the opening of the stock market momentarily. [ 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 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
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cme group: how the world advances. ♪ baby you're a rich man ♪ >> that song in honor of the beatles 50th anniversary show on ed sullivan and also for mark zuckerburg, the young man right there, he donate add billion dollars to charity last year, the most of anyone on record. he's indeed a rich man. we're a minute from the bell and come in larry. >> and janet yellen testifies before congress. do you think she's going to continue to print less and less money throughout this year, bearinn in mind the very weak economy? what do you say? >> well, i think that she wants
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to, what's certainly the fed's goal is taper and continue to taper until eventually they're not buying treasury bonds or stuff every single month, stuart. that's what they want to happen. that's what she wants and the fed wants, but there's pressure from the white house, right? because the if the market starts dropping like a rock there will be a situation where they don't want them to stop and want to keep the market like last year. really, there's going to be the yin and yang and it will be interesting to watch and probably a pretty good trade. stuart: i have ten seconds. does she go from 65 billion. >> i think she does eventually and economic data depends on it, something to watch for sure. stuart: larry, we hear you, thank you very much indeed. the bull has rung and the market is open. how are we doing? we're down, not a lot. the trend is ever so slightly lower, off 6 points in the first
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30 seconds. we've got yahoo! partnering with yelp to get lower businesses in their search results. i'm not sure i understand this, but yelp is seeing a bump on the news, right? >> you have yelp moving to a new high, and yelp has done incredibly well and yahoo! higher. yelp up 7 1/2%, yahoo! up 2.3%. to get a better understanding of this, you have to think how marisa mayer continues to have the wheels spinning and new ideas. in this case partnering with yelp and this is to beef up the local listings for yahoo!. when you're using yahoo! you'll get yelp listings. what are the terms of this deal? nobody knows. stuart: i thought you were asking me a question and that's one i don't have. and we're a minute and a half into the day, down 24. we look at mcdonald's, u.s. sales down 3%. the company blames the deep freeze for that drop and the
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stock is about 1/2% lower. by the way, mcdonald's opening up in vietnam for the first time, i believe it opens up today. and now, here is the big news on apple this morning, carl icahn is backing away from his demand that apple get out there and buy back a lot of its own stock. he sent a letter saying, he didn't think the company should persist with the stock buyback program, the stock is up nonetheless, nearly 3 points. 522 on apple. that's the reaction from wall street in the early going. let me get back to congressman keith elliss' comment on the obamacare job losses. he says this is not a big deal. he says americans work too much and now they have more time to stay at home, cook dinner, look after the kids. elizabeth macdonald is here i'm not quite sure if she's outraged or what. it seems like we're looking at a new way of looking at work. ellison is from the left. i think he takes the european view that work is not a big deal, we want more leisure.
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>> it's dangerous because you need the workers working to float health reform and the health exchanges with the taxes coming down. the fog machine is in overdrive, the disportion field sis up and the spin doctors are out there with the phrases like liberating us to be entrepreneurs. and what the congressman said, working moms have more time to stay with their children. and he says that obamacare is good because working moms will be able to spend more time with our children? we'll be spending more time getting our children health care because we won't have insurance, basically worrying ourselves sick, too. liberating us from jobs when there are none to be found. this is the new america, mr. ellison, thank you for policies and a way of thinking that's driving the economy into the tank. stuart: how can you want less work with a prosperous dynamic economy? how do you do that? >> i don't know how do you that. stuart: the man wants us to be europe, that's what he wants? >> and the reaction on the
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internet is powerful and forceful and-- >> against ellison? >> against ellison. one writer said, wait until representative ellison is voted out of office and see how liberated he feels finding only a job at mcdonald's. it's an excoriating criticism. stuart: he's a congressman up for election in november. it's been a tough winter and which stocks do well in such a prolonged period of very bad weather? coming in from dallas, market watcher charles sizemore. in my humble opinion, it's going to be utilities. surely they're doing well in this winter. >> well, not necessarily. the cost of gas, though it's been depressed for years, it's had a little spike. i never thought i'd say this living in dallas, but the cold weather has been an issue here. we had snow and ice in dallas and even in houston, for crying out loud. so it's been that kind of
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weather. stuart: where do i put my money? if i want to be ghoulish here and i want to take advantage of this wicked weather, how do i do it it? >> sure, sure, there's a couple of ways you could play this. you could go long natural gas sales. but be careful, longer term, natural gas is a long-term sell with abundant supplies here in the u.s. and all over the world. natural gas is not a good long-term buy, but it could be a good short-term buy here. looking at the damage done by all the snow and ice, i would say home depot and lowe's are a decent bet come spring when we're all fixing everything that's been broken by the weather. and the option as well. stuart: i'm looking on the screen, we've got toro, now, that's a snow blower stock. there's no such thing as a pure play in snow blower stocks, but toro is right up there and that thing is down today. i don't get it. >> well, it's had a nice run. that stock has been up, it's up over 100% in the last 12 months,
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i think that stock could see some more upside here. it's a play on snow blowers, but other than that they're big seller of lawn and turf repair, lawn and turf machinery. we're all going to be repairing our yards come spring and toro should benefit from that. stuart: charles, i'm fed up with this winter. if i can't make money out of it and i'm frozing cold, it's a double negative in my opinion. charles sizemore everyone. thank you for joining us, we appreciate it. aol's chief tim armstrong made headlines last week when he called out two employees, distressed babies, on a conference call with thousands listening in. he used those babies as well as obamacare as an example why he was cutting some 401(k) benefits. this week he's not only apologizing for his comments, but retracted the benefit cut. liz, this is all about rotten pr. he should never have gone anywhere near sick babies on his conference call. >> that's right.
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he's impolitic in his comments here and overstepped the lines. what aol tried to do was move to a lump sum payout for 401(k)'s, instead of paying into the paycheck month to month, but went over the line saying we're seeing health reform bearing down on us and costs going up and cited the example of two distressed babies and we have internet stories, my babies and aol's bottom line. we can't lose the threat or get lost in the weave here. the overarching theme here, aol, like many companies, are trying to reset costs in light of health reform. bill doing that, trader joe's, walgreen's, ge, time warner. aol is part of that story as health reform comes bearing down, how aol is restructuring costs. >> i mean, look, the man was solid on the economics of running aol in the face of obamacare, but going off script and owning his mouth about two
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very sick babies costing the company a lot of money while one of the mothers of one of the sick babies was watching and listening. >> right. that's over the top and across the line, awful and across the line and he's apologizing now for it, the optics are very bad. stuart: that's what killed him, i think. big name you know, strong profit forecast from dirk's sporting goods. all right, nicole, how good is the stock doing, how well is the stock going? >> the stock is doing quite well. and bucking the trend over the holiday season. you saw names like kohl's and j.c. penney saying they have shorter amounts of time during the holiday season, but dick's sporting goods shows from golfing gear, and same-store sales have been on the rise and they're rising the forecast and move to stay to the upside. a high would be 58.87. >> and i'm glad you would pick out at least one winner on a day like this. it's not just a huge decline,
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we've got a modest celloff. it's a modest decline and thanks for the winners there, nicole, good stuff. to be precise, we're down 33 points, 15,760 is where we are. and obamacare, letting people keep their canceled plans for up to three years? the insurance industry, how are they going to respond to that? it's a mess. what happens to the insurers if they extend their old plans for three years? we have someone who knows the answer in a moment. ♪ get back, get back, get back to where you once belonged ♪ ♪ 24/7. i'm soy, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat scree) you feel that in your muscles?
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>> all right. monday morning, here we go. we're off and running and we're not down that much, but a tad lower. 21 points down, 15-7 is the
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level. look at gold. you know, that's been creeping up recently, now, well above 1250. up 11 bucks this morning, 1274. big name you know, weak holiday sales hit hasbro. it hit hasbro, really? no, it it didn't. the stock is up 2%. and nicole, are you there? no, she's not there, but i've got an explanation, hasbro is up. hasbro is up. the obama administration reportedly considering yet another extension for existing individual health insurance plans, a three-year extension. galen institute president grace marie turner joins us from d.c. let me try to straighten this one out. the administration, i believe, is going to propose that those private insurance policies which have been canceled, in fact, be reinstated and extended for ree years. ve iot thatrigh tt whre ppo oingo prose? there sayi tt t pn thathey aowed to eende
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lastearould b eendeor othe thr year assin th thetatensurce coissiers wl galg. there's no guarantee of that, stuart. stuart: so, but which policies -- what would be the term? what would be covered under these extend -- is it the new obamacare mandate that you've got to cover is, nd t r or extended at that price? y is it? >> it's a good question, it's only a rumor so far. are they going to allow a further grandfathering of the already grand fathered non-grandfathered plan? or are they going to allow any plan that anybody has that could be canceled this year of which there are tens of millions, for people who work for small businesses, are they going to allow those to be extendedd but again, the administration doesn't-- >> let me stop you, supposing it's the latter and they want it
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to extend all of those policies, millions of them, which will be canceled this year? if they want to do that, can the insurance company survive? >> what that means, stuart, the insurance companies were relying on this individual mandate to force people to purchase health insurance in the exchanges. what's happening is that those policies are so expensive and really, so unattractive with huge, high deductibles, averaging about $4,000 a year that people just weren't buying them, particularly the young, healthy people that they most need to purchase the policies in order to be able to make the premiums and the finances for. so now they're saying, okay, well, you can keep your plan, well, who is going to do that, people who are young and healthy who don't need the subsidies, and that's going to further disadvantage the people who are participating in the insurance exchanges now, stuart. >> seems to me, that they're doing anything and everything to
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get beyond the 2014 and maybe even the 2016 elections, before they have to face up to the mess they've created. >> i think that's right. and the administration has already made just the administration, 17 major changes to this law. it is impossible for companies to be able to plan and to accurately price their products with that kind of an earthquake hang, basically, every week, as you pointed out earlier. so, the plan i think we're likely to see plans taking a serious look at whether or not they're going to participate in the plans in 2015, even if they were to make some changes to try to keep the plans in. this is becoming increasingly unattractive to insurance, insurance companies and there's also some new rumors that they're going to require the plan to have a broader base of physicians. which means that the costs are going to go up further, even
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further disadvantaging the risk pool. so, every time they try to fix this contraption, they create 16 more problems. stuart: but it's not going to collapse this year, is it? >> it's probably not going to collapse this year, no, but i think they're going to continue -- i think you're going to see a delay in the individual mandate for many people after the open enrollment period ends on march 31st, and i don't see how on earth they're going to allow the employer mandate to trigger in again next year, because that news would have to come right around the election and they don't want that bad election news either. so, more and more of obamacare is being delayed by the white house itself. stuart: but more and more of it is being implemented as the days go by. it's harder and harder to get rid of it completely. in fact, as of now, you probably cannot get rid of it completely, can you? 20 seconds, go.
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>> but you can build on this to try to move toward the system and basically, they say, we want consumers to have more choices. great, we do, too, let's make changes to move in that direction. >> not going to happen, grace marie turner. and i think you know it. >> i'm ever hopeful. stuart: you and i are both optimists and live in hope. thank you, grace marie. >> thank you. stuart: we have flappy bird, widely popular for cell phones, and the developer was pulling the game from the app store because it's too successful? i don't believe it. that's next. ♪ and when the broken hearted people sitting in the world agree ♪ ♪ there will be an answer, let it be ♪
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>> hey, just look at twitter today. down. the wall street journal says the biggest challenge will be to get enough mainstream users to satisfy advertisers. a giraffe killed at a danish zoo in part because of bureaucracy? my take on that and the harsh reality of nature coming up at 10:25 this morning. and i'm calling it a black eye for general motors, mary barra
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making far less than former ceo's, men, far less than that. liz macdonald is covering this story for the network, liz, you broke this story and everybody else followed it. it looks to me like bad optics for general motors. >> here is what gm is says to it the new ceo, applauds mary barra, 33 years of experience at gm, transformed the company, ran global products for gm. as it stands now, no word on her long-term pay. she's getting now 4.4 million. stuart: a here? >> a year. gm is saying wait until the shareholder meeting in june and proxy and find out about a better pay. in years past former ceo's immediately got long-term term. and dan ackerman, 2 million in long-term pay. cfo's, immediately 2 million in long-term pay. and president cfo, 4 million in long-term pay. why the wait? pay experts say it's baffling
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and no law that says you have to wait until the shareholder meeting. annualized ackerman, 9 1/2 million. will mary barra get 5 1/2 million to bring her up. many announced long-term pay well ahead of the shareholders meeting. and the narrative at gm is hitting the wall faster than a crash test dummy. stuart: donning nguyen the creator of flappy birds pulled the game said he was tired of being in the spotlight. i don't believe it, i think he's setting up for the next game. >> his tweets are interesting, i'm sick of it, tired of it and this is too much for me. this game that i developed, that now has taken off on the internet. it's so popular, stuart, there's
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a secondary market that people are selling their version of flappy birds to each other and he was making a lot of money in ad revenue. something doesn't sound right with the story he's now not interesting at all. something weird is going on behind the scenes that we don't know about yet. stuart: good pr and advertising for the next game. there will be a next game. and the lego movie, charles payne is taken to task for saying it's anti-business new at 10:00. here we go. then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪
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ashe wek gins a ockbter condour is re. lohae ha for you. ou gut hcks io feb an sho h vulnerable you are for a price they'll protect you. the judge on the cultural work the left says work less. wal-mart says that work is a beautiful thing. is this europe? this is america all over again? starbucks opens in los angeles, can they get away with that? the number one beatles fan, our own jamesn again, rosen. this morning, funny man chsherr small will make you laugh. please, we need it. markets not doing much so we'll
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kick off with this. how is this for gee-whiz technology. a belgian technology moby life, 3-d printer that will help a teen to walk again. we talk a lot about 3-d printing on the show and charles payne has been all over it ffr months now. that to me is gee-whiz stuff. this teenager had a conventional hip replacement and it it didn't work right. in comes this 3-d printed hip. it works apparently and works because when you 3-d print you can be absolutely precise. charles: it's personalized to a t. this is not gee-whiz for me, gee-whiz is time travel. we're doing this right now. 3-d stocks took a hit recently and got a hill ahead of themselves. the story, the potential, the upsid is still there. stuart: we've got it on the screen.
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3-d, xo-- exone. charles: there are a tremendous -- each one of those names on the screen have taken over a smaller competitor. they're building up-- maker bot was taken over. the big thing is when hewlett-packard buys one of these. >> or microsoft. stuart: you think one of the guys with a ton of money walks in and buys. charles: it would be nuts if hewlett-packard doesn't make the move. >> if you think of a microsoft, you mentioned microsoft and hewlett-packard, apple would be doing that kind of thing maybe? would they be interested in that? >> i'm not sure about apple. who knows, you could always say google. stuart: the money in 3-d print something going to be made by the software companies which provide the software to print different things on your little box in your own home. >> that's right.
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charles: and also materials, because what happens is, you're printing layers of material. if i sell you the materials, it's the old pick and shovel or razor gillet thing. i can almost give you the printer as long as you come back to me for the material. >> it's got to get consumer traction. stuart: the judge wanted to get in early and he apparently has so comment on the constitutionality of 3-d printing. >> i think you should break the ice and change the name of it. it's not printing anymore, it's 3-d creation. it's not printing. and-- >> is it created or did it evolve? >> actually, it's both. charles: whatever the human mind can conceive, and that's why, by the way, e-mac, i think it will get consumer appreciation. >> yeah. charles: i think it could be the hot item this christmas, i really do. i think that people wanting to get printers. >> print your present. charles: it will be the hot item. stuart: the next big thing. charles: without a doubt.
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stuart: not the cloud? >> the cloud, there's room for more than one. stuart: the cloud is the cloud. . [laughter] >> i'm with charles, time travel. stuart: my right arm and my left, actually i tech it king, nicole, and two techs, the most valuable in america, look at stock price. >> tech, tech, apple a gain of 1 1/2% and the market caps that we're looking at here are huge. $463 billion for apple and then google, right now trading the at 1180, 1,180. watching that at 993 billion and the point of the story is the biggest companies, huge, continue to run up. stuart: and google just aced out exxonmobil and surpassed the actual value of exxonmobil and that's an astonishing thing.
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thank you, the dow industrials are down. and 34 minutes into the trading session. and then we have mike rowe, the former host of the show "dirty jo jobs" and now he's narrating a program for wal-mart. listen to this. >> we will build things and build families and build dreams. it's time to get back to what america does best. stuart: he said it. work is a beautiful thing. wal-mart's investing $250 billion to help create work, create new jobs, again work is is a beautiful thing. he said it. so, here is the question, who would you trust more to create jobs with that $250 billion, wal-mart or the government? i know exactly what he's going to it say. >> do you want me to answer that? one word, it's a great commercial. stuart: it is and the piece we didn't have time to precede
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shows empty, broken-down, closed boarded up factoriesen then they're coming to life because of the people appreciating the concept of work and how investment can produce work and produce wealth. stuart: now, that stands in sharp contrast to what representative keith ellison said on one of the sunday talk shows yesterday. he's saying work is not a wonderful thing. less work, do less work, spend more time at home. let somebody else pay. >> it was not only keith ellison it was senator dick durbin and people from the white house, the senator ben carden of maryland as well. there have been about six democrats out yesterday trying to defend the report, the cbo, the report that came out last week, saying that obamacare has cost 2 1/2 million people their jobs. now, if this happened in the fdr era, and i'm the not a fan of fdr, but he's the creator of big government. he would have said we lost these
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2.3 million jobs, we're going to go out and create 5 million more to make up for it. these people are boasting about the fact that the jobs are lost and are saying, relax, take it easy, you lost your job. go home early. this is the opposite of what they should be saying. stuart: but it is the opposite of what america is. that's my view. we are not europe. >> exactly, that's the duty of the mike rowe ad, by extolling the virtues of work, everybody who works benefits from the work. work is absolutely good for everyonee for the government to say in an environment where one in ten adults does not have a job, it's good that 2 million more jobs were lost? they don't deserve to be in the government. this is the moral equivalent of saying the depression is good because it gave people more time to work and relax in the 30's. they nearly starved to death. stuart: what's the line from all in the family.
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mr. herbert hoover government then-- and back to capitol hill. they're now suspecting george, the independent investigator who exposed the irs scandal, to answer question of wrongdoing. they suggest that j russell george did wrong in his report identifying the irs scandal. >> i don't know what the wrong is they said he did. he actually pointed to chapter and verse where the irs made decisions based on politics. what the irs did was profoundly wrong. for the justice department to whitewash that would be profoundly wrong. for the democrats to attack him is just an act of policy. >> they say that he was biased because he met on occasion with republicans without democrats being present. >> but they don't refute the bottom line of his report. they cannot refute the bottom line of his report.
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and the inspector general works for the treasury department. he's independent of management. his job is to examine what the treasury department did and he came up with-- >> and the in the past they've met solely only with democrats so this seems like a thin wedge to basically build an argument on. stuart: less jobs because of obamacare, get around that by saying less work is good. and an inspector general's report that says the irs was used to go after the president's political adversarieadversaries the inspector general and make him out to be tainted. you go around-- >> they don't want to reform the management of the irs which was used and abused for political purposes. they want to attack those who exposed it meaning they justify it. stuart: judge. >> both sides like to be able to use the irs, republicans as well as democrats, and the laws are intentionally written to give the president a lot of wiggle room with respect to the irs. stuart: why want to end this by
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constantly having agreement with you, judge. i like to have a little pizzaz, and the french president arrives in america today so i'll use a french word so we don't ever totally agree. tarp was a wonderful thing. >> am i allowed to respond? . [laughter] >> no, you're not. stuart: is it a free speech program or something? >> it's only an hour show. [laughter] >> we're going to go 50 minutes less. judge, that was good, and thank you. >> a pleasure. stuart: i can't believe i did that. facebook users beware, the maker of the security app my permissions, allow a bug in the network to get in the link of any app you have in your facebook.
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i want to make sure i've got this right. >> hi. stuart: you deliberately hacked into facebook to show where people where the vulnerability of facebook for me who have facebook with apps attached, that's what you did, correct? >> not quite. we were developing a new version of our application and we started testing it and we ran into some big test toss see where the bugs were and all of a sudden we realized that part of pacebook wasn't responding and we couldn't figure out what was going on and that's actually when we ran into the vulnerability for the first time. we didn't realize it was a vulnerability at the time, but this happened wednesday night where we, all of a sudden, we're like what's going on with the pages on facebook, why aren't they showing up. stuart: so you now can tell me where i am vulnerable, is that correct? >> well, basically what happened is that this vulnerability
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exposed a way for, if a hacker would have chosen to, and found the vulnerability to begin with, we don't believe they've found already, would have locked people out of their settings pages and disallow them to disconnect from any-- >> have you told facebook how you did it and how it can be fixed? >> right, the first thing we did, as soon as we confirmed it was a vulnerability and that we could replicate the problem we of course reached out to facebook directly. our first order of business at my permissions is always to take care of people's privacy and personal information. if anything is going wrong, the first thing we do, we reach out to the party and we spoke to facebook, they responded extreme had i quickly and right away got to work on the problem. and we've been working on it for the last five days. actually this morning, finally, it looks like everything was just all clear after days and days of testing and hours that
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we put in and they put in, we look like we finally got the problem resolved. stuart: well done. and the app is called my permission? >> correct. it's called my permission. we basically set out to help people manage their personal information on-line. stuart: got it. >> we believe that people should have the power and the control to find out who-- >> how much do i pay for the app? how much do i pay? >> you don't. you don't, it's free. stuart: oh. the best bit last. come on. we thank you for joining us. my permission is the name of the app. thank you for joining us. charles: correct. stuart: the lego movie took in bucks at the box office over the weekend. charles payne said anti-capitalist, and the leff not happy about that.
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oh, did they take him to task. we'll deal with it next. ♪ na, na, na, na, na ♪ ♪ na, na, na, na hey jude ♪ ♪ na, na, na, na, na, na ♪ [ male announcer ] hands were made for playing. legs, for crossing. feet...splashing. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to ma,
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>> you know the new lego movie. it took the top spot at the box office took in 69 million. charles has been critical and says it's anti-capitolist and talked about it on friday. the internet jumped all over charles payne, here is what one commentator says. i like the way the male fox host seems to be befuddled that might find corporations villainous. dude, if you've got no clue about that, you're out of step with 90% of america. charles: here is the the thing, i go to a lot of movies, i used to go to a lot of movies and you're right the whole anti-capitalist thing is a running concurrent thing. my brief with this movie from what i understand. it's aimed at kids and in order,
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this whole anti-business, success, the ceos, the corporation as evil. i don't care, it's every single movie out in the last few years has been anti-business and anti-corporation. i think that 90% of people, most don't realize the factory they go into today probably was funded on wall street. many of them probably don't realize the supermarket their mother works in was probably ipo'd because of wall street and many can't connect the dots. i'm going to do one thing after i'm done, i'm going to see the movie because i haven't seen it. that's the only legitimate quasi criticism i felt over the weekend. ill he go to the movie, from what i understand it's another hollywood thing. the only thing, it teaches our kids that businesses are bad and success is bad. stuart: i don't know why they pointed out you were the male--
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>> i don't know, dude. . [laughter] >> and you think that boeing is the place to-- you usually go for smaller companies and this is established. charles: over the last month and a half, there are other things, too, it's a biggie, but took a hit. i think that wall street overreacted when the earnings came out and a slight difference on guidance. again, yesterday the company put out the update on asia alone. they'll need 13,000 commercial planes and 2 trillion dollars of business. i looked for the quarter, the commercial backlog, 374 billion dollars. the defense margins are up, commercial margins are up. and i think it's nuts. the stock was hit hard and i think that anyone out there with a 401(k) would be nuts not to own the stock in the next several years. >> interesting. >> by the way, facebook is a lot more valuable than boeing. >> yeah, market cap. stuart: boeing is worth aircraft
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makers on the planet. charles: the largest exporter in our country and it's a key. this company is going to make so much money over the next 20 years, it's absolutely amazing. just like in the google lex on thing, the numbers, exxon makes double what google makes, they have infinitely more employees and it's amazing the companies that are vilified. there are a few dude cool companies like the googles of the world, but boeing is worth that. stuart: you're right, dude. and next story for you. a defensive lineman from the university of missouri, michael sam, announces he's gay. sam is expected to be drafted into the nfl in april and become the first openly gay player in the league. >> this is something that i've -- i know for a while, but you know, this is to me, it's just telling another person, hey, i'm gay and it shouldn't be a big problem. stuart: some reports say that
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sam's draft stock, so to speak could drop. some teams may avoid taking him, charles, do you have any comment on this at all? >> i think it's a mistake for a team that needs his talent to skip on him because of sexual orientation, i think it's stupid. stuart: sure. charles: it's a matter of time, you know, for people to impose their will -- you know, whatever it is, on others, it's tough. you know, and i think you walk a thin line. and i think the nfl will be tough, it's going to be tough for this guy if he makes it in the nfl, but ultimately, it will be pt status-- >> do you think it will be tough for him in the locker room after this? >> you think so there will be a few incidents here and there. stuart: really? >> yeah, i think so. stuart: do you think it will hurt him for endorsements? >> i think he'll be at the next state of the union address sitting next to michelle obama and a certain population is calling him the rosa packs of the nfl. for any backlash, he's a hero to
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come and might help him in endorsements. stuart: up next, my take on a giraffe, and bureaucracy and a harsh lesson on nature. we'll have it for you in a moment. ♪ [ 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. ♪ open to innovation. open to ambition. open to boldids. that's why n yor has a new plan -- dozens of tax free zones all across the state.
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>> a new coffee shop opens up in los angeles.
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there's no news there, but they've called it dumb starbucks. it's a parody and they're going to get away with it even though they're using the name of starbucks. that in a second. but it marks the 50th anniversary of the beatles on the ed sullivan show with the foremost authority on the subject. well, this is a financial program, but the following has very little to do with money. my take today is about the killing of a healthy giraffe in a danish zoo. here is the story. the giraffe was shot in the head with a bolt pistol. and zoo officials say it was to prevent inbreeding. it was healthy and 2 years old. and it was skinned and fed to the lions while children watched. my reaction was surprise and then shock. i'm not used to zoo killing
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animals and not used to seeing a lion tear into a giraffe's leg. and then i thought it's reality, what lions do. okay. it's a shock to have children watch it in the zoo, but isn't that part of a real education about animal behavior? animals are often cute, yes, but there's a very harsh side to nature as well. and then i read more into the story. turns out the danish so received an offer of $680,000 for that giraffe. what a private individual offered to take it off the zoo's hands. the offer was rejected. why? because the rules say animals cannot be ssld or transferred to a facility that is not part of the european association of zoos and aquaria.
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but the giraffe fed to the lion headline made me think, are things beginning to turn? are we continuing to see nature as well, nature, not always warm and fuzzy? the director of that danish zoo says that the children who watched the lions eat the giraffe got an education. maybe. they certainly saw the circle of life, didn't they? ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the 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.
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stuart: this is one of the big stories of the year. fewer hours worked, fewer people working because of obamacare. no big deal. americans, he says, work too much anyway. >> we will have parents coming home. working at reasonable hours. people actually being able to cook dinner rather than ordering takeout. we need a better worklife balance. ask a working mother. stuart: i want charles response to that. charles: liberals always say america works too hard compared to other countries.
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mexico gdp 3.6%. joe lay, 5.6%. russia, 3.4%. here is my point, you take the ten richest industrial nations, the top ten that work harder, the gdp was up last year. if you want to put it in neutral, you'll get detroit sooner or later. stuart: one has to ask, are we in danger of becoming france? the french president happens to be in washington today. >> bonjour.
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no question that the president, president obama and the french president share some of the same playbook here. charles was quoting some of the same numbers here. it collects all of the data on socialism. according to if france spends 33% of its gdp on social expenditures, social welfare programs in 2013, the highest level in the database. the u.s. spent 20% has the u.s. seen any growth?
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>> yes. 20% rate that 23rd compared to ranking 28 and 2005. stuart: thank you very much. we will see you again soon. fifty years since the beatles took america by storm. in my opinion, that appearance on the ed sullivan show had more impact than any other show or movie before or since. you think i am going a bit far? >> no. i do agree that the ed sullivan should show marked a real
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seminal moment in the culture of western civilization. because of that program with 73 million people were watching, more kids took up the drums, watching ringo starr with his playing style where you look like he was having fun. more kids took up the drums than any other individual. there were profound effects that were discernible immediately. stuart: i happen to have been in you on this one. before they appeared on the ed television show, they appeared in britain on a show. you know about this, obviously. there was a mere riot in the
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audience. i was watching. i was watching with my parents and my grandmother. i was there before you guys were. you do not remember seeing the beatles on ed television show, do you? >> not live. you know, i wrote a piece about this that if you grew up in the 70s and 80s, the moments for you were a new release by paul mccartney or the assassination of john lennon in 1980. cbs almost never reran it.
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it was not until 1985 that i could actually hear the ed sullivan should show in its entirety. it was not until the 90s when dvds were finally put out of the complete shows. it was very difficult and serious in those days, if you were a beatles fan. today's kids do not understand any of that and why should they because just a few clicks will bring them pretty much anywhere they want to go. some of the mystery has been removed. stuart: that is valuable information. we will crash that server with people looking it up. thank you very much, indeed. we told you our theory on bricks
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and mortar stores dying a somewhat slow death. we have the ceo of a website that is helping kill them off. you run a social, user driven shopping website. you are responsible for the death of bricks and mortar doors. [laughter] >> way to start. thank you for having me. stuart: i want to see if i have this right, your site, i am watching tv and i see close up year that i happen to like, i click on the clothing that i happen to like and you will take me to the site that sells those items. is that right?
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>> correct. it is a social platform. don: you really are helping to knock off the bricks and mortar. you are making it so much easier to just click on and get to the website. >> correct. this is a big part of the change that we are seeing in retail. they are faced with endless choice. the next big challenge is how do they get through that endless choice. stuart: user driven. it is me. the user. i am the one writing the search here.
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>> 100%. the way you find content is too following. stuart: good stuff. thank you so much for joining us. i am sorry we had so little time. who were the beatles? can you name them? >> seriously? i do not think i can name all four. [laughter] c to come back and see us soon. star of fox news redeye. his reaction to the draft of social olympics. ♪
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the "wall street journal" says the companies will be getting enough mainstream users. karl icahn backing away from his proposal that apple buyback a lot of its stock. it is up seven dollars. different story at mcdonald's. sales down in december. they are blaming the winter weather. up next, comedian gerard small laughing at all kinds of stuff. ♪ welcome back. how is everything?
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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.
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and a raise? management couldn't make that happen. [ male announcer ] introduducing fedex one rate. simple, flat rate shipping with the reliability of fedex. stuart: charles will make us some money. charles: we talk about all of these fancy things. artificial intelligence. this company does artificial intelligence for advertising. recent ipos shot. probably got a bit overbought. later in the week, they will be at goldman sachs.
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stuart: rocket fuel. charles: highly volatile. stuart: he is introducing himself. let me introduce you to the comedian and redeye. there is your introduction. will you make me laugh on each subject? the danish zoo shoots a healthy giraffe, skin sick that feeds it to the lines and the crowd watch. >> they say they did it to stop inbreeding. it is natural for liens to eat a giraffe. it is also not unnatural for them to inbreed.
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stuart: you are lost on that. the sochi olympics, what is funny about the top water being yellow? see what were you expecting to see? the hilton hotel? >> not that. not that. i want a belly laugh and i have not gotten it yet.
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i used to live in east africa. [laughter] stuart: the maker of flappy bird withdraws it from the marketplace because he is making $50,000 a day and he does not like the limelight. two popular. still, chose a nerd is this dude? you do not want to bask in the glory? this is really a dude who loves his mother's basement. stuart: he says he will still
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make games. i think he is setting himself up. there is nothing funny about this. the beatles. fifty years ago yesterday they appeared on the ed sullivan should show. i actually met paul mccartney a couple weeks ago. paul mccartney. ringo starr. john lennon. and then you have, what is the last dude's name? stuart: this is pathetic.
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absolutely pathetic. george harrison. >> name the jackson five. name one of the jackson five. [laughter] stuart: michael. >> not michael. stuart: it is a parody. back after this. ♪
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stuart: there have been headlines about this all weekend. the store uses the same logo, name and even the store layout. the workers are calling it a piece of art. let's bring in new york attorney. they are saying it is a parody. >> you have the fair use exception. you turn on your late-night tv at 1130.
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that is fine. hear what they do is they turn around and use the term don. dom makes it clear that it is a joke. the moment the real starbucks says this that a judge shoots them down. >> they are likely to prevail in the lawsuit.
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they are supposedly giving away the coffee which is what created the lines. that is so it is not a commercial year. sending enforcement letters threatening to sue and so forth. stuart: thank you very much, indeed. we will see you soon. more varney in a moment. ♪ dozens of tax free zones all across the state. move here, expa here, or start a new business here
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and pay no taxes for ten years... we're new york. if there's somethg that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.
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we're open to it. sometimes they just drop in. always obvious. 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. stuart: we are flat out of time. connell has acres of it. connell: we have some lessons from france.
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united states is starting to look a lot like his home country. we will get into that in just a minute. flappy bird pulling the game. we will have that. there has to be a transition there. dagen mcdowell joins us on this hour of markets now. ♪ dagen: did you play flappy bird or download it? connell: no. dagen: i jumped on it. the creator was threatening to pull it on saturday. it is incredible how hard it

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