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tv   Varney Company  FOX Business  February 26, 2014 11:00am-1:01pm EST

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nicely and you will be hearing more about that in the second. good morning. caslon declared the call are of the year ended stock is soaring again. the money is going to vegas. it is not going to target. it is pain that heavy price for the data breach turning a lot of people down. is it time to buy the stock? question of the day on obamacare. inc. executive misled on the numbers and let the web site crashing days she would be gone, right? so why is kathleen sebelius still in the job? elizabeth hasselbeck is here to answer..3 "varney and company" is about to begin. we are going to start with the stock of the week, tesla. consumer reports calls it the car of the year.
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no battery problems, they say. i want to look at the stock, up $10. i am hearing fed this, said that, janet yellen this and that, nobody went out and bought tesla because janet yellen mayor may not be printing money. am i right? charles: i was at the garden state mall two christmases ago, they set up shop and tesla had half a car, the engine, and the line was longer than the apple store. the enthusiasm from main street was amazing. i wish every single person in there store-bought 10 shares. was $25 a share. stuart: but is it a diaz they.com bubble? charles: it is not bubble but i will tell you the similarities between now and that bubble time, momentum. winners, people chase performance to the point where even a great company can have overvalued stock and we are not seeing that with some of these
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names. stuart: mount gox, one of the biggest exchange websites, shut down yesterday. some rumors of bankruptcy and may be a big theft of bitcoin. the web site is back on line this morning, not trading bitcoin. if you go to the homepage you get this message from the ceo. as there is a lot of speculation regarding mount gox and its future i would like to reassure everyone i am still in japan and working very hard with the support of different parties to find a solution to our recent issues. very nice, all is well, still in japan. is it collapsing? is this the end of bitcoin? charles: it is not the end of bitcoin and won't be the end digital currency. digital currency exists because people don't like the of currency. they don't believe in central banks world governments. that is why it exists and will continue to exist. let me tell you that was a joke from day one.
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it is an acronym. stuart: when you think it is isolated? charles: there are growing pains. just like america had currency issues before the dollar became the only currency. a group of people would rather -- really an indictment on the west. they would rather put their money in paperland and keep in dollars and euros. stuart: have you bought bitcoin? charles: no i haven't. stuart: we are 93 minutes into the trading session, 16-2 is where we are. abercrombie. this is the company whose chief said fact people shouldn't buy my clothes. holiday profits and sales were down but the stock is up. come on, tell me why it is up 9%. nicole: the stock is up 9% because thhy had higher than expected revenue. they have been trying to reduce the prices in order to stay competitive against the other
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fascinating stories like forever 21 and the like. you see this stock is that, they're cutting merchandize cost overall. over the last year these teenage stocks have not done well. abercrombie is the best of the bunch down 20% over the last year but aerospatiale is down 45% and american eagle down 35%. the market has been hitting new highs the pc team retailers had a tough go of it. stuart: i knew every name you mentioned, every last one. i think i have been in all of those stories. nicole: adding those your christmas list. stuart: i have a lot of children. if you thought obamacare was a job killer you are wrong. according to a joe biden, it is not a job killer at all. it is liberating. listen to what he said. >> this is about freedom. how many of you are single women with children in a dead end job, you are there because of your
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health insurance? he will be able to make independent choice. you want to stay in that job even though you can get health insurance ads in that job? it gives women a great deal more freedom. stuart: fox and friends host elisabeth hasselbeck with us, keeping up-to-date, you get up at 2:00 in the morning. >> i could not be more happy to be here. stuart: you like the keys? thank you very much. i read into vice president joe biden's words a certain condescension to women. did you? >> sure. apparently the administration and joe biden feel the woman's movement includes moving women out of the work place. i was not shocked to hear that but so disturbed to understand idea of helping women is to remove them from jobs and replace them with men in jobs and not only that, when john to
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say while your kids are home before they get in school you have the choice and the ability to come and stay home with them, paraphrasing. that is disturbing because i have three kids. my oldest is almost 9. if i were to take that advice, anyone out there you could be out of the work force for a decade. what they are doing is sucking it women, buying them -- connell: buying votes. vote for me and i will get you out of the work force, you can stay at home and we will give you money to stay at home, health care, stay home. >> undermines the desire to do something when you work. there are times in life that call for means the government cannot forget you back on your feet but this is long-term. have more than one child you are out of the work place for a long time if you listen to the vice president. stuart: i have more on obamacare, kathleen sebelius
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said she appears to be confused about those enrollment numbers how many do you need to sign up to make it viable? 7 million? not so fast. he is questioning that number. listen to this. >> takes on -- 7 million was not the administration. that was the cbo congressional budget office prediction when the bill was first signed. not sure where they got their numbers. their numbers all over the board. the vice president has looked and said it may be closer to 5-6. stuart: there is confusion. not the administration that kathleen sebelius herself who previously used that $7 million number. remember this? >> success looks like at least 7 million people having signed up by the end of march of 2014. stuart: if kathleen sebelius was an executive and a private sector corporation she would be
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gone. >> take some notes on this before. you are absolutely right. in the private sector, the insurance industry was a business, a profitable one. to control and control the money coming in. if this were a private sector business, if this were an episode of the of french as she would not make it out of the border with donald trump. you cannot fault 3 million short of a projected sales numbers and still -- you would be hard pressed -- charles: no accountability in the administration because i believe president obama believes firing anyone is a negative reflection on him practicable early if sycophancy don't man running out like that -- committing political and personal suicide all the time. stuart: no penalty for failure in this administration. of harsh judgment. charles: you think of the major things that have gone on from then gauzy to the rollout of obamacare to the promises that were made when t.a.r.p. was
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pushed through every major program, the people that were the basis of those programs that have all fallen short, some have retired but never was anyone unequivocally fired. >> there is a whack of desire on the part of other media outlets, at they are not covering, not asking for accountability. no one would even know there was question when it came to those issues so it's not here bringing to those questions up and demanded accountability, the american people will eventually become known if they continue to listen to those the don't ask questions they deserve answers to. stuart: can you be prevailed upon to spend another five minutes with us? we are keeping you from the children and nap time. can you be prevailed upon? >> i can be convinced. i will charge my eyepad and stay here. stuart: two more stocks. targets as the data breach over the holidays took a 46% bite out
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of profits, sales fell more than 5%. people shied away from shopping that target. the stock however is up $3.59. it is of by. people saying it is a buy because they will fix the problem. stuart: the high. charles: the high as $73 bouncing off of the low. i wouldn't touch it. charles: until we find out what their liability is. they have to find companies that doing the great job executing and those are the stocks you want to buy. you don't necessarily want to pick the bottom. i would rather chase the winner then pick the bottom. stuart: look at this one. suit lilly, the online retailer we have been calling the amazon, up on those big earnings and it is of another $3 today at 61. we have the house oversight chairman darrell issa dragging lois lerner back to congress. he is demanding she resume her testimony for his panel.
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that hearing is set for march 5th. he sent a letter, be here. don't know the response yet. earlier this week we brought the story from colorado, people using food stamp money to buy pot and get this, legal wheat will bring in $100 million in tax revenue to the state. what do you say? legalize week nationwide for recreational use? yes or no? >> i would say no. there is a desire on the part of government illegalize it and anything compact and bring in some cash. stuart: $100 million. >> i would say no. it gives us amen, the availability for a -- particularly in colorado here in the placement of machines so government money can be used easily to buy marijuana in certain situations as we saw recently. that makes it easier.
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there's a transfer. if it were ten miles away. probably still happen. in terms of legalization i think not until we understand how to actually test it. we have seen accidents with vehicles involving marijuana up 300% in the last decade. i need to be convincee that that would be a great idea for the future and the children. stuart: it was great to have you on the show. ou have an opinion and express it well. thank you for appearing with us. >> an honor to be with you. you might pop in here again this week. stuart: don't make projections you are not able to fulfil. time is money. let's move this along. three more headlines. the first from apple. fixing a big security flaw in its mac operating system? didn't know they had security flaws. the flaw let hackers read
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private e-mails, banking transactions on any apple device. good news if you are a netflix subscriber. the company says it will not raise prices after it struck the deal with comcast to boost its streaming speeds. amazon relaunch its prime instant streaming service in britain signing a new deal with warner brothers. the total, uk users with access to 15,000 movies and tv shows. first it was mike crowe who said work hard, get ahead. then don't be a baby, welfare state, get out and work. damon john, judge on the hit show shark tank, what does he have to say about that? he is here, he is next.
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stuart: 44.5, 16-2 is where we are. how about will? or ron 102-103, 102-78, up nearly a buck. gold has been around 1350 but it is down off of $17, $13.25. speaking of gold take a look at this. california couple finds $10 million worth of gold:as buried in their yard. 1400 gold pieces dating back to the late 1800'ss. they are in near mint condition and guess what, the couple who found the montero property gets to keep from. serendipity. fireworks on capitol hill. some anti bankers senators grilling swiss bankers about secret bank accounts and how the swiss help the americans dodge the tax man. sparks have begun to fly. >> you going to operate in a country must abide by the laws of those countries and can't hide behind the laws of your own
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country. that is not the way it works. stuart: we are monitoring this for more fireworks and will bring them to you as they come along. in the last week we have had two guests on this program who prove hard work and plenty of drive can bring your success. michael rowe, john -- they agree with our press, hard work pays off in america to this day. right now we have one of the stars, damon john. you know this man. it is a hit show. are you part of this mind set? work is good, companies are not welfare operations. you in line with that? >> i am absolutely aligned with that. stuart: then you are out of sync with america today, aren't you? >> i did know that. i thought america, the whole entrepreneur ship crave is going on because people knows they need to get to work and they are
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responsible for what happens in their lives. stuart: is this the attitude you come across in the people you are judging on their ability to be entrepreneurs? find them, go getters, value work, want to climb the food chain, not going to make excuses, not going to blame the weather or congress or anything like that? >> that is who i run across. some people on shark tank to not think like that which is why we normally say we are out but most entrepreneurs sino know they can bank every way for their success the tunnel stuart: person for their failure and that is why i am here, because i love mantra for northship and entrepreneurs are the only ones that will get us out of this red. stuart: you have this graphic the says light, miller lite, cap the future. you want to tell us about this? go. >> i have been part of the miller lite tap the future competition. was last year and we gave away a
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great aboard, fries and money to vote winner and this year we are repeating the competition where great friends get to get together and pitch their idea, their new company or concept and miller lite is willing to give the grand prize winner $200,000 and miller lite doesn't want to take any of your company and like i would, make sure you succeed and have some fee capital to get that up and running. stuart: when you said miller $200,000 i thought you were going to say and miller lite for life. i thought you were going to say that but you didn't. >> with $200,000 you will have -- able to celebrate with some cold miller lite every day the rest of your life. stuart: we like your approach and love your show and good luck with capital future. good stuff, thanks for joining us. netflix and disney teaming up, they're going to produce four
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new a regional cease based on marvel comic book super heroes. this new cds will be shot in new york and sources say disney will benefit from new york's $420 million annual film and television production tax credit program. check the stocks, disney up again closed 81, netflix down a fraction, 452. on "varney and company," we are not afraid to put companies on death watch and if you watch the show you know that most stocks then go up. after the break we will check the tape but first thank you from the, you are a loyal audience and you move with us to our new time slot making us a ratings success, thank you. >> want to wish you the best of luck on your new time slot. i am sure it will go fantastic and don't forget about us. we really need a lot of attention and would like to come on your show soon. but
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♪ see what's new at projectluna.com
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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. stuart: we move to new hours on monday. we are deeply grateful. we really do thank you for keeping the ratings up and here's something else we are thinking you for.
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remember this from monday? roll it. piers morgan doesn't really like america. he comes here, makes a ton of money but he is endlessly critical. he has this upper-class accent and uses it to talk down to his audience. that is the dumbest thing you can do in television news. yes it is. below riley posted that video on his web site and twitter page last night prompting this response from none other than pierce morgan who tweeted who is stuart varney? that comment would to an overwhelming number of comments from you our viewers telling him just who i am. take a look at what some of you had to say. he is your intellectual soon.. i don't know about that. who hosts a show people actually watch. i do know about that. one of our viewers as someone whose show gets more ratings than yours did when you had a show. another viewer had this to say. he is a guy who still has a show on tv with great ratings, five
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years running. chris had some fun with his response. he said my dad. proud of you dad. hash tag send the money. very funny, young man but you are not one of my six kids. in closing mr. morgan, i am the guy who founded the network that you will sooner or later no longer work for. take that. from time to time on this show we put stocks on something we like to call deathwatch. here's how deathwatch stocks have been doing since we put the monoliths. we are accountable. we put years on death watch on january 14th. it is up 9% since then. missed that one. j.c. penney on lists anna sigga-nicolazzi, is down 46%, got that right. zynga, august 25th, they make the farmville people up 75%, we were totally wrong. one of our president tech gurus put game stop on death watch on
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august 19th, it is down 19%. last but not least blackberry june 28th up 1% since then. we do hold ourselves accountable. we brought it to you earlier this week, 3d printed prosthetic hand for a young boy changed his life. we have one of those hands on set after is this. ♪ ♪
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stuart: look at that. we showed it to you earlier. that is indeed, almost unrecognizable. that is me 30 years ago, full head of hair. moveon. railroad baron warren buffett, heads up, warren buffett, the regulators issuing new rules for rail cars carrying crude oil
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following explosive accent's aimed at moving out of north dakota, they want safety testing, rail car upgrades. now this is where warren buffett comes in. he opposes carrying oil in the keystone pipeline. doesn't want to build a. makes money carrying in his railcars of which he owns many. he will be hit with a new expensive rule. you are with us. look at me. i know you are looking at the camera. sandra: this has angered me for some time. we were talking about it. he lends his name to the administration. he lends his beliefs and expertise on subject matter is that only benefit his own book. with due respect he quite simply has spoken out against the keystone pipeline talking about a to environmental hazards, meanwhile he is buying up the railroad companies because he knows that if the keystone pipeline doesn't come to fruition that oil continues to be shipped by rail. stuart: he will be hit.
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a new redesigned railcar. he takes it. sandra: he has been prepping his books for this. he is buying up safer rail cars that meet the safety regulations and by the way he has started to prepare for the keystone pipeline getting full approval. he has been buying companies that could help ship that oil through the pipeline faster and things like that. listen. exactly. stuart: watch out home depot. rival lows posted strong sales growth in the fourth quarter. let's have a look at it. it is up 5%, nice gain for a company that size, up 5%. carl icahn continues to push ebay to get him to spin off paypal. in his second letter to shareholders this week, he reiterated, repeated concerns about conflicts of interest on the company's board. ebay stock is up 57. earlier this week we told you the story of a little boy with the 3d printed robot hand.
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we have one of them here today and the ceo behind a company that created this. welcome, he is with maker boughts. i have to confess i have this story wrong. when we brought our viewers pictures of the hand of that little boy, i thought it was an electronic hand that use 3d printed the plastic parts and added electronics. in moved according to his brain. that is not correct. >> it is an entire mechanical device so when you put your wrist in and bend your wrists the fingers close. here it is that simple. something like this can cost $50,000 and kids grow lot of unlike sneakers. stuart: manufacturing ordinarily with higher definition things. >> talking real expensive. this is $5 of material. you can grow out of it. if you break it no problem. make another one.
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stuart: so you need a desktop -- 3d printer, you need the right plastic to go into it and you need thh software blueprint, you got that you got a mechanical hand. >> as many as you want. we carried the story of the 16-year-old who has a body with amniotic syndrome where you are born without fingers and so he actually went to school, used his school's maker bought. how great is that? stuart: is it incrementally good for the child? absolutely say that? >> yes. instead of going to school and being the kid without a hand you are wearing this, you are iron man. stuart: works for me. it really does. we have some other stuff on the set. i see a pair of red shoes, the ruby slippers it reminds me of in the wizard of oz. you have a small house here. >> this is a model of one of the catalog houses and you can open
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up and see the layout. architects, maker boughts i used by architect so much because you see a house, you see the plan on paper, not the same as a model of the house. stuart: this is not a future thing. and architect can get the blueprints for the house, feed into a maker bought and this comes out at the end. the buyer of the house can see it. you have got a 3d desktop printer. how much you going to charge? >> we have small, medium and large starting at $1,375 all went to a medium one at $2,899 to a humongous one for 6,400. stuart: the smaller one, the $1,300 one was is going to fit in my home on a desktop? >> it would go a really nice next year laptop. stuart: all i need is a blueprint for what i am going to print. >> software is free. there are 200,000 things you can
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download. stuart: i know what you are up to. i know what you are up to. you are positioning your home 3d printer desktop for christmas. this coming christmas. >> one of those things, when they get hold of it it unlock their creativity. we are going to have so many more engineers. stuart: this is a toy? >> i want -- you could use it as a toy but it is much more powerful than that. is like saying a computer is a toy. you can use it for games that you can use it to do amazing things, just like that. stuart: i you taking orders now? >> get one today. makersbought.com. stuart: who owns it? status? are they your parent company for several years? >> we merged with the last summer. stuart: when you're taking orders for the 1300 desktop model? >> we will see. stuart: i wanted 10% commission.
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charles: i want to put this in real quick. this is the clause the criticism of where we are going that this take away jobs. a great point about actually creating engineers. i don't think a lot of people connected those dots. we had a company taking over $19 billion, 55 employees, technology is bad for the economy. >> we have 500 employees that make in brooklyn, new york. they are assembled in brooklyn. we are proud of that. and what a maker bought does is doesn't take away jobs but empowers people to create jobs. it is the manufacturing education in a box and it creates a entrepreneurs. it is very powerful. stuart: how much was maker bought taken over by stratus? >> do you have an answer for that question? >> it was a stock deal. so -- it was a true merger in
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that way. what is great about the attention we get is it makes you powerful. stuart: did it make $100 million? close? you have to think about it. >> that is not -- i am a former schoolteacher. for me what it is all about -- stuart: you are not interested in the money. we gave you a commercial and you responded well. how much did you make? thank you very much indeed. come and see us again. major ruling from the supreme court saying in some cases cops do not need probable cause to enter your home. all rise, the judge is next. ♪ five tech stks with more than a 1...
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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 whever you are with the mobile trader app. from td ameritrade. ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, the space station, or the next ap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪
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stuart: right at the top new-home sales had a 5-year high in january, up 9.8%, seasonally adjusted annual rate 468,000, that is the best level since july of 2008. retailers in the news, abercrombie, the ceos said that people should not buy my clothes. might have been a mistake. held a profit and sales were down but the stock was up
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earlier, beat expectations. i hate that. next comes target, they are saying the data breach over the holidays to the 40% by out of profits the sales were down 5%. kind of state away from target stores after that breached. stock price is up 6%, $60 a share. the online retailer zoo lily, amazon for moms, they were up on earnings, 5% at the end of the day. the judge is next. (vo) you are a business pro. seeker of e sublime. you can separate runway diculousness...
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stuart: look at first solar, one of the biggest losers in the s&p, why would that be? nicole: when they came out with their numbers, they're down 11%. a huge move to the downside. the projects they have been working on not good news the first seller is selling off, solar city is hitting new record highs but with lower profit that did not help first solar today. stuart: the supreme court handing down something of a blow to fourth amendment advocates, cops may be able to search your home without probable cause. not sure where this is coming from the judge andrew napolitano will explain. i thought you had have probable cause and a search warrant. judge napolitano: i will tell you how i feel, similar to the way i feel about t.a.r.p.. charles: supreme court ruling. judge napolitano: the constitution says for the police
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to enter private property they need a search warrant issued by ed judge or probable cause plus some sort of negligence circumstances where they don't have the time to get a search warrant. question. what happens if two people occupy the property and one says you can enter and the this is you can't? one of the exceptions to probable cause is consent. mr. varney, we stopped you for going through a red light. before you go can be search your trunk? hugh have the right to say no and you have the right to say yes. if you say yes you way of your fourth amendment right but suppose mrs. varney is in the car with you and you say yes and she says no or supposedly not on your door and she says yes and you say no. the rule is as long as there is one no you can't go in. new rule is as long as there's one yes you can go in. the exception to probable cause is consent by at least one person even if another lawful owner of the house who is not
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there says no. the reason he is not there is he was arrested. so now will police arrest people in order to get them out of the house so the person remaining there can say yes? that is the fear of the descent. stuart: that is surprising. could have been 5-4. judge napolitano: justice antonin scalia was with the majority. stuart: why did they go against the old way of looking at the fourth amendment? judge napolitano: without a person there to say no they only have one person to hear from and that person is saying yes. i don't buy this at all but at the time the police sought to enter this house there was only one occupant present, the female. don't remember if they were married or not and she said by all means come in.
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her husband or boyfriend or friend who are originally said no had been arrested or an act of violence which they witnessed. was a legitimate arrest so at the time they sought to enter there was no one there to say no even though before he had been arrested he said no. stuart: what about a property owner? should that person? judge napolitano: records usually sadies are often negligence second stances and the police don't have time nor could they be expected to have the time to ascertain who the owner is. these people may have been tense. they may have been overnight visitors. the police don't know. the police just know someone is on the inside of the door and they control the lock and that person is going to go in. stuart: i'm in the house, not on the door, is the cops, can we coming? no, you can't but there's a guy mowing the lawn around the back. can we search the property? he says sure you can.hey come. judge napolitano: that is a good question. there is a test of reasonableness and the test of
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reasonableness is is it reasonable to assume the person u.s. is the owner and occupier of the property? usually the police are looking for a human being and they would know who is the dominant figure, wherever you are, who was the dominant figure in the house will. the new guy mowing the lawn. stuart: is a big shift. don't know whether it is good or bad. judge napolitano: the dangerous shift away from the right to privacy. if they approach somebody mowing the lawn on a tractor wearing flip-flops, as they imagine that person owns -- i saw -- equally as absurd. charles: tomato tomato. stuart: get your facts straight. judge napolitano: mail culpa.
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stuart: how is this for a paycheck? 24 police officers in amity ville, long island make more than $150,000 a year. we will deal with that in a moment.
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stuart: he says he is going to make us money with canadian solar, he being charles payne, a canadian solar laughing up the subsidies. charles: over the next five years, 4300 commercial and utility projects, 95 gigawatts of power, a million homes. prices come down so much they will make this money and is one of the better players out there. this is the moment like a stock breaks out 43, next resistance is 40, after that really is off to the races. monday jpmorgan said it was the best in class, their target is 80 on it. last week alone make a deal with north carolina and this morning got financing in ontario. the caveat is it is highly volatile.
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some of these are up 300% and i think they will go higher. stuart: is it the beneficiary of endless government subsidies? charles: from government subsidies to legitimate reason for utilities. the price has gone from $4 to less than $1. is a legitimate thing for some utilities to do but they do have help and help is not going away. stuart: and eddieville, new york trying to cap the pay of its police officers many of the make $150,000 a year, total earnings, that salary overtime is like 9 differential, 20 of the 24 officers in that town make $150,000 a year. the top earner makes $181,000. no surprise new york police unions don't want any caps on those salaries at all. why are you laughing? sandra: everybody has to understand the police union has to understand this is one of --
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and they are looking at their budget for the year and right now police salaries account for about a third of the overall budget so they have to change something in this would save $800,000 over the next four years for the remainder of those contracts. stuart: can you abrogate a signed, sealed, delivered labor contract? >> they have been doing it. this is not unheard of. they reopen some of their teacher contracts so this is something they have already done in the past. stuart: no time. charles: we talked about this. stuart: new at noon, meghan kelly joins the company. is there anyone on national television has exposed obamacare's laws more than she? meghan kelly is next plus steve jobs's first job, a real tech pioneer. he says robots are the next big thing in check.
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stuart: you think that was a good hour we just delivered? look what we have for you now. megan kelly. one of the few people in the media asking hard questions about obamacare. she joins us today. man who gave steve jobs his first job gives us the future, self driving cars? and rolls-royce developing self driving cargo ships. no captain, no crew. watch out. dr. keith ablow on the morality of three biological areas. watch the tech stocks go. 1999, anyone? ♪ i will call it a very modest
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rally. the big stock story is it is still technology, the nasdaq still awfully close to the 14 year high. charles, i am asking the question everybody is asking me, is this the dotcom bubble all over again? charles: it is not. even though it is bubble issues. all tech stocks are not going up, and be holding apple is saying what about apple? certain stocks have been deemed winners. >> facebook is worth more than bank of america or the entire ukraine? the state of alabama? stuart: they see like tesla. when you see it go up $30 another $10, over $300. >> the shares are shorted, they
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coold be putting pressure on it. stuart: there icharles: there'sa distinction. there are 300 companies in the market today that will go bankrupt. stuart: you say this is not 1990 all over again. charles: he feels like it. stuart: ittfeels like it but it ain't. now to the irs. obamacare health care tax tips warning people they must stop qualifying health insurance or face a shared responsibility payment. give this to me in two sentences that i can understand. >> essentially can't get through to the irs on the telephone the irs is putting out an alert to say these are the taxes you have to be aware of. stuart: are they saying if you don't have health care insurance
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you will pay a fine? >> you will pay a tax. stuart: you only pay if you're supposed to get a refund. they will take the fine out of the refund otherwise you don't pay, do you? >> no, you don't pay. they will take it out of your refund. stuart: if i'm 25, 26 years old fresh out of school, don't have much of an income by a supposed to have health care insurance and i don't have health insurance i pay a fine, i'm not going to get health insurance because there is no fine because i am not getting a tax refund. >> this is what is going to make the average irs worker go berserk because that is a question they will be hearing going into next year. what they'r they are doing now,w tips on the irs, you have to have affordable qualified insurance government approved or
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else pay taxes. stuart: how many people have signed up? president obama: because if you we now have 4 million americans who have signed up for quality private health insurance through the marketplace exchanges. 4 million people have already signed up because of you. 4 million. 4 million. stuart: the present is touting 4 million. great, he says. the five-man people who had lost coverage, that is just a small percentage of the population dismissing the 5 million touting the 4 million. what exactly is a sign-up? have these people paid? few people in the media question these numbers. those who do ask the questions
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is megan kelly who joins us now on the phone. a pleasure to have you with us. thank you for joining us. >> how are you doing? stuart: no complaints in our new hour. >> congratulations. stuart: thank you. can you explain why you have so much chaos and confusion about obamacare rollout and performance? it is not getting any really serious questions in the media except from people like you. explain it to me. >> it is a combination of things. it requires math which is an automatic turnoff reedit sometimes you have to do the work, so there's laziness by some. institutional bias in the media, many of them are president obama supporters and supporters of the affordable care act. it is really fallen down on the job.
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the numbers are not real. don't know how many before it stops depleting us, but we cannot care about that, just trying to correct the inaccuracies pushed out the american public by the administration bi. stuart: you managed to personalize obamacare. bringing in real people clobbered by obamacare. you put her on television, you personalize what he many cases is the tragedy of obamacare. you did that, well done. >> the crazy thing was no sooner did she come out in that ad that she got attacked by democrats
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facts.e duly misstating the she was given two pinocchio's for the claim same are somewhat misleading but not outright falsehood. this is what they say, you are overstating your case and had an answer for every one of those claims. through the lawyer went through michigan and asked them to shut down the ad and wanted all sorts of information about her claim. we asked her to ccme on the show and discuss it. i want a fair hearing. last night, the next night, the night after that he declined and would rather attacked this woman for five years and then claim was just attacking the brothers. this is no way to defend
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oneself. this is not the way. stuart: congratulations, we watch your program avidly.o forr new time slot and you of said what is it like for me to wake up a little later? you answered i can't do it, my body clock won't quit. i'm still a 3:20 a.m. guy. what is like to television that late at night? >> i am fine during the show. my problem is i cannot get to sleep before 1:00 and i have a five-year-old who will not stop waking me up at 5:0 5:00. now that i know you are awake that hour, i will call you up and ask you about what it is like, i have a lot of stuff to go over.
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stuart: feel free to call. we are honored to have you on the show today. thank you. three big names that are moving, this may be the stock of the week. tesla, consumer reports say it is the car of the year, it is up nearly $10. next abercrombie, the ceo said fat people shouldn't wear their close. they did better than the analyst expecting, up nearly 10%. lows posted strong sales growth, all of the shovels, snowblowers and sold in the driveway, lows up $0.05. next up, target as if it doesn't have enough headaches with the fallout from the data breach now the company is not happy about a tax between procter & gamble and amazon. what is the story? nicole: apparently it has only recently been released target,
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procter & gamble and amazon have a story to tell here. procter & gamble allowed amazon to set up shop in some warehouse warehouses because procter & gamble and amazon can work together and sent out those bouncy products quicker, faster and all great for amazon and procter & gamble, not great for target. target is upset with this move saying basically how can you do this because you're putting amazon ahead of others. why should we give you a prominent placement in our store, why should we put you on the end cap of the isles? they put some products back, but obviously this is a sensitive topic among these executives. stuart: the competition between these giants and how they operate is very interesting stuff. nicole, thank you very much, indeed. how about this for geewhiz technology. rolls-royce changing the
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shipping industry, they are working on building a fleet of unmanned robotic cargo ships. within the next decade. from social radar.com joins us now. is this a real possibility? >> grates to be on the new timeslot. it is a real possibility. they are creating unmanned cargo ships that will sail the seas, they are back and are creating, manning the ship in this virtual reality experience of the bridge, so there will be nobody on board, manned by the pilot back on shore. stuart: it seems to me it makes economic sense. you really can steer ships in the ocean via satellite from your office in new york or wherever. i am sure it will be cheaper.
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i think it is going to happen. >> i think there are three reasons. it is going to be cheaper, it will be safer and a lot of pollution and that is a big deal for us. $375 billion industry that still ships about 90% of the world's trade goes through these cargo ships to decrease the cost is a big deal for them. stuart: why less pollution? i don't get that. >> to take out all the different equipment house and the crew, it makes the ship 5% lighter, it us 12 to 15% less fuel during the voyage that it would with having the crew on board and all the equipment. stuart: fascinating. bring us up-to-date on roy' rolls-royce ships. curious about a stock? we told you to tweet us, today charles has chosen to talk about
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suncore energy because you ask asked. charles: it is a canadian company. and oil sands play. they don't like to use the word "tar." we had so we ask about this. it is really fascinating. the last time they reported up huge, setting a record, $8 billion, take the dividend by 15% and they are doing extremely well right now. stuart: what do they do? charles: they have traditional exploration around the world but their big thing now is the oil sands. stuart: for new deposits? >> they got it, they are drilling and getting more and more of this out. stuart: if they build a pipeline, that stock goes up or down. charles: absolutely.
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they think the keystone pipeline xl will be built. i thought that was interesting. somebody else's stock. stuart: now a charles pick hitting a new low. that thing is taking it on the chin. do you want to explain? charles: we took a loss this morning. stuart: a total failure. aren't you? we love you, charles. let's and on a high note. redeem yourself, up 48% since i had it on this show. they make convection ovens. stuart: you are kidding me. charles: their business is the
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restaurant. stuart: thank you very much. regulators may be about to allow one baby from three biological parents. that opens the door to designer babies, doesn't it? that strikes a moral, ethical debate. dr. keith ablow is next on that. if ...hey breathing's hard...
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stuart: we promise more fireworks in the hearing from the swiss bank accounts. here they are. going after bankers again. listen to this. >> covered by this country's laws universally accepted law and yet you hide behind swiss law even though your operating here. that is simply not going to cut it. stuart: we will get more if we get information. if you are considering if creating a baby with the dna of three people considered if it is a safe. the goal would be in this
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creation process the goal would be to prevent debilitating diseases. it sounds good, but obviously a moral component to this. is it moral to have three biological parents? dr. keith ablow is here. is it wrong? >> in this case what we're talking about is taking the nucleus of a mother's dna essentially from her, taking only things outside the nucleus to correct from deficits for tell burterrible illnesses to pt blindness in the third person providing that healthy dna. all the characteristics of what may be a person of than an illness are conveyed by the biological parents. i don't have a problem with that. if all you are donating is the healthy environment in which the
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traits that belong to two biological parents are to grow, that seems okay to me. stuart: it will be taking a bit further, won't it? you are getting designer babies. >> now allow anonymous and oregon donation. it deprives the offspring of knowing their biological parents. will not even consider this. donate or over him. so is a kid doesn't know who the dad or mom is. what o you need to know that for? it is the key to who you are spiritually, medically. stuart: i am with you all the way.
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i'm not sure i see a way of banning it and stopping it when it gets to that kind of situation. how do you stop that? i'm going to touch on one of your favorite subjects. social media apps. you are not a fan of social media, but in this case social media is organizing tyrus. surely you are relaxed an and to some aspects of facebook are terrific, won't you? >> no, i won't. if you can't bear to get on the phone or pass a handwritten note to get it done, is this even a real call? literally you know what it is? it is a manifestation of
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technology. a technological revolt. i don't even know how real many of these movements are. stuart: there is nothing wrong with that. you think it is too easy to face the firing squad in kiev, those nasty cops? too easy? >> it is no different than if you were to say keep in touch with all my friends, i send all of them text messages. i would say that takes no effort. when it comes to facing a tank or a gun, that is where the rubber hits the road but if you're telling me facebook is necessary to motivate all peoples to revolt and seek freedom, that is nonsense. facebook makes them hostage too many reality tv versions of themselves.
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stuart: i know one supporter who is like this with you and that is bill o'reilly. he thinks social media is a drug. >> you don't even know if the revolt is real if it is on facebook. stuart: a guy i like somewhat can't possibly be so wrong on this subject, but you sir, are totally wrong. venezuela looking closer to collapse. i will tell you why that matters here. dentures are very different to aleeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99%
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stuart: look at this, new highs in the nasdaq, the s&p 500, broad-based indicator. currently trading above the record close. janet yellen and the fed, nothing to do with this at all. what is the next big thing in technology? the man who gave steve jobs his first job, say this robots like that thing behind me. is he right? disney's deal with apple
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streaming through a new app. does that hurt netflix? we have an answer for you coming up. venezuela appears headed for collapse, that means big trouble for us. they supply us with oil, so why haven't we developed a pipeline? venezuela will be making ugly headlines fighting in the streets, ordinary people have had enough, the police are trying desperately to keep them down. they will not be pretty. collapse is imminent. what does have to do is build in the keystone pipeline? the answer is oil. venezuelan crude comes across the gulf to refineries. less in common. a lot to do with the recent rise in gas prices here.
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here's another example of america being dependent on hostile foreign suppliers. isn't that why we wanted to build the pipeline that would bring oil from a friendly calendar? the final phase which would actually bring the oil to houston has been endlessly delayed. president obama really doesn't want to build it. it is obvious why, environmentalists are dead set against it and the president for political purposes sees it their way. there will be a decision in a couple of months but that is years late. another example of mismanagement of our foreign-policy. energy independence isn't a key national goal, what is? mismanagement of the economic policy. we should not be paying more for gas because the government doesn't like canadian oil. mismanagement of employment policy. how many thousands of people would be earning a very good living right now if we were piping back oil to houston all around?
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i hate to say it but the new normal in the united states is incompetence and the leader blinded by ideology and politics. watch those headlines from venezuela. it will tell you about where america is going. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem.
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o'donnell four areas of this opportunity agenda. i have been working so hard on might be getting a cold..3 i think i am okay. [laughter] >> got to get covered. >> did he pretend to sneeze while hinting about signing up for obamacare? i don't know but i have an update which is really deadly serious. this is an obamacare not a laughing matter here. 35 obamacare state exchange websites which were deemed high risk and vulnerable to hackers before the lunch. we were not told. they knew they were high risk, they could be hacks, could get your personal information. begin know that. we were not told that.
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>> house government oversight committee saying there are documents and e-mails revealing cereus frenzy behind-the-scenes, juggling acts going on at h h s because when you have the -- plugging into federal websites they're supposed to go through security review. that did not happen for many of these health exchanges. stuart: if they had told us, said we are just going to plug in without going through the security check nobody would sign up. >> the white house would say the situation is better now, however, we still have outages at a number of health exchanges across the country. there is still that what that is gathering dust that says the government should tell you if your information has been hacked into your personal identity information's:. that law has yet to be enacted. leaning on target to do more.
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stuart: if this for private enterprise and we found out somebody had not warned us about the security risk when they knew there was a security risk the ceo would be out, the company would be held liable. that would be a massive fine. kathleen sebelius got the job. good stuff. why do we always say tech is king? got an example for you. look at facebook shares. look at them. the facebook market value just topped $180 billion. that puts it ahead of bank of america, at&t, more valuable than oracle. that is the power of technology today. our next guest is the tech pioneer whose as personal robots may be one of the next big thing is. this is the man who gave steve jobs his first job and is the founder of atari. joining me is the author of finding the next steve jobs and rain receive e o. em and we know and love. nolan, welcome back.
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good to see you. >> good to see you guys again. stuart: you have three ideas when you look into the future of what is the next big thing. i have seen your stuff and i know you're first next big thing is self driving cars. really? >> absolutely. it is going to be so disruptive and yet it will increase and make everyone's life much better creating thousands of jobs and destroying some jobs. stuart: an easy thing to do? to program a car to drive itself? is that within the realm of technological ability very soon? >> oh yes. all the big car companies are logging millions of miles without driver assistance. the only thing they're working on -- is absolutely going to happen within five years. stuart: i want to know the company that is deepest in the that. would that be google?
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>> it is google and bmw. bmw doesn't say that much about it and there are several jaaanese companies but i think google probably has the best tack right now. stuart: item 2 as you look into the future, virtual reality games. tell me about that. >> the ocular system and the head displays, vr has always had a problem with motion sickness. when you play games you get sick. they have that somewhat fixed right now and that is of massive change. you are in that world, in these systems, and i love it. stuart: you have seen this. you put the helmet on, all enclosing the thing and you are totally surrounded by the game you are playing and part of the world of that game. is that a decent descriptioo?
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>> absolutely correct. stuart: you like it? >> love it. stuart: how far we from one i can buy for my grand kids? >> two years, year and a half. stuart: you see personal robots as one of the next big thing is. what are they going to do for me? >> fundamentally they are going to be the equivalent of a smart pet. it will dd some little things but mostly it is going to be a companion. you will be able to program it with jokes and it will teach your children. we are working on a whole bunch of things to disrupt education, we think one of the issues, maybe the most important issue is kids need to learn faster and better. our brain software does that and some of it will be delivered through a personal robot. stuart: i didn't know you were working on that.
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i know you are a ceo of rain rush. a personal teacher which is actually a robot, that is what you got in mind? >> yes. we start on tablets. for jubilees they are going to be 20 million tablets for schools within the next two years. i'm going up for a speech in central unified. we are training teachers today to deal with the new kinds of technology and software and networks and tablets and chrome books. i actually think the nation is going to fix education in the next few years. i wouldn't have thought that a few years ago. stuart: you really know what you are talking about and thanks for sharing your insight into the future. hope you can come back soon. >> will be a great ride. stuart: the real halftime report
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coming up "after the bell". tesla on a tear and it has nothing to do with janet yellen and the fed. i challenge our cme trader who might think otherwise.
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stuart: here we go, new home sales, 5 year high in january up 9.6% seasonally adjusted annual rate 468,000 units. the weather had no and hacks, best levels since july of 2008. california couple found $10 million worth of gold coins buried in the yard, 1400, gold pieces dating back to the late 1800'ss, some of them in near mint condition, the couple gets to keep them. will ferrell, the latest celebrity pitching obamacare, this time on his face book page. that is a picture of him but it didn't go over well witt his fans. as of right now over 5,000
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comments columns negative. next we bring you the real book. for over a decade
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nothing to do with the fed, janet yellen, printing money. has it? >> not quite so fast. i am not in a position to comment specifically about the fundamentals of tesla. cars driving around chicago, whatever, people are buying the stock and running out but let's remember what the fed's stated policy is. it is the wealth affect. of the drivable asset prices then people will feel better about themselves, feel richer and that will turn into consumption never mind that just generating consumption is not making the economy grow. that is the classic keynesian argument, increase jobs, increase things in the economy has to come from savings and investment. stuart: i you totally obsessed with janet yellen and the fed? five seconds. you are. >> that is the only story and is a fact and borrow wing today at low rates to consume today, you are borrowing against future consumption.
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that is a problem. stuart: just remember we have a buzzer and next time you say fed we are going to buzz you. hot stuff. michael robinson, disney movies stream to your iphone on an apps. good news for apple and good news for disney? >> absolutely. great news for both of them. marginal revenue, no marginal cost, talking about a library of films like 400 titles and you will be able to put the money or itunes, this is a brilliant move for both companies. stuart: nicole: dreamworks down big, disappointing numbers. got to tell what is going on. nicole: the guidance nail that raise nascar, the movie turbo, turbo didn't bring it. it was a slow start, poor performance for dreamworks so as a result they have cheaper than expected revenue losses, 23%,
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high hopes that full-year numbers for 2014 soared because they have two releases, mr. peabody and how to train your dragons number 2. march and june. high hopes for those names to bring their numbers back up. stuart: not enough, down 12%. michael robinson, bitcoin closed down the huge exchange, word of some theft of bitcoin. i going to collapse? is the end of them? >> no. it is not an end of the coin. bitcoin solve the fundamental problem with technology and currency. we are talking about electrifying transactions in the global economy in $4 trillion a year sell all bitcoin needs to do is get a small percentage to be very viable -- you have an electronic world and you need to do security, encryption, have people not able to hack into your accounts, identity theft, we're moving to the era of collective intelligence in which we will pull millions of computers together to solve fundamental problems and bitcoin is more the approval of concept. it has been able to do this consistently and what is
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interesting is the oldest and largest exchange in the world for bitcoin is gone and yet the price of bitcoin has held fairly stable people as though nothing had occurred. stuart: have you got a single bit:? >> i do as a matter of fact. what i tell people, an important point, i tell people this is an exciting opportunity. you should have some money in bit coin. stuart: great guy. target says holiday data, that breached a big bite out of the bottom line. this is not over with target, doesn't matter how much they are liable for. liz: hits will keep coming for target, $61 million. the thing is they are saying no estimates for future costs could be coming down for target. this comes fast on the heels also of house oversight giving target a march 10th deadline or it will subpoena it.
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you got to turn over internal documents and e-mails, why did you tell customers about the breach? stuart: tres knippa, we won't deegan o what is going on with oil and protests in venezuela. don't mention the fed or i will buzz you. >> in this case you have to remember global supplies of crude are as low as they have been since 2005. this rally is not being driven by venezuela. are there important things we should be learning? absolutely. should we be supporting those protests? you bet. the leadership in venezuela is the slime of humanity and they need to be overthrown period. stuart: now we are agreement, you are back on the show. thanks very much. great stuff for the real halftime report. appreciate it. the defense budget proposes the fewest, the smallest u.s. army since before world war ii and looks like they want to rely more on machines like unmanned
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aerial drones. funds new cyberprograms, other ships, here's a look at some defense stocks. most of them green arrows going up. this budget also looks good for google, getting into robots. another new high today, google is at 1226. rellx netflix fans, the deal with comcast probably will not jack up the price you pay for streaming but what about netflix? what does it mean for the future of streaming? streaming video? liz: there's a lot of miss reporting and misunderstanding about netflix. the problem with netflix is content. they are saying we won't pay third parties to helped deliver content, we are going to bypass, get rid of third parties and pay for at&t or verizon directly, basically to pick up their content. the problem again is for netflix paying for that content acquiring that content, $3 billion last year, only
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$1 billion on the balance sheet in cash and the equivalent. stuart: a new report out on the quality backing what we have been saying all along. we will explain it all in one minute. i ys say be thman with the plan but with less ergy, moodiness, ai had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in wom or anyone younger than 18 or men with prostate or breast cancer.
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women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children o or changein body hair or incas acne in women may occur. reporthese symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include incread sk of prostate ccer, worsening prostate symptoms, decreased sperm count, ankle, et or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness heache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron.
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stuart: there is a new report -pout on ten cities that have t
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worst income inequality. liz macdonald has found one fact that backs up what we have been saying. would have we been saying? >> is backed up by this report, lack of jobs, the housing bubble. the housing crash. we have all of these media outlets covering the brookings institute study and it is ranking of the worst income inequality, ranking cities like new york, miami and santa fe, but lack of jobs in the housing crash is the reason why there is income inequality. we have been saying lack of jobs for months now. stuart: this is brookings, they are left of center. that is not a middle-of-the-road or right wing out fit, that is left of center and they are saying you give me economic growth and you get growth, jobs, and that fixes to some degree income inequality. the left s saying this?
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>> the left is saying this and also attributing the housing bubble which was helped along by the government as well along with wall street, so in other words when the housing bubble burst people when they lost their jobs lost their homes and that wreck income inequality. made it worse. stuart: fascinating. the left is saying that. who would have thought.% your take on maker bosh and the rest of today's show, your take on all coming up next. male announcer ] this is karen and jemiah.
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[ car alarm chirps ] ♪ [ male announcer ] we don't juscertify our pre-owned vehics. we inspect, analyze, and recondition each one, until it's nothing ort of genuine certified pre-owned mercedes-benz for the next new owr. [ car alarchirps ] hurry in to theercedes-benz cerfied pre-owned sales event. visit today for exceptional offers. ♪ >> entirely mechanical devices when you bend your wrist the fingers close. it is that simple. something like this can cost $50,000 and kids grow out of the mic sneakers. stuart: that one cost $5. that is how young boy was able to use the 3d printed hand to help him in his daily life.
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we thought that was pretty good. here is your take on the rest of the show. one of our viewers that this today about law-enforcement entering your home. even if you object to the supreme court of the united states allows people to use the fourth amendment as toilet paper and will until the powerful object to it. rather strong stuff. richard had this to say about my take on that as well. absolutely. a canadian pipeline will ensure we stop oil purchases from venezuela and drive sanctions against a dora. charles had this to say about the photo we showed of me from way back when i helped launch cnn. saw your picture of your younger self. did you do a cameo in good fellows? no. why would you ask that? i had a full head of hair 30 years ago. i really did please don't make fun of me. cheryl: i want to say -- you
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have gotten so healthy in the last several years, you are working out, eating right, you look great. stuart: thank you. dennis: congratulations on the ratings, great that the audience has followed you into the new hour. adam: adam shapiro. gerri: i am cheryl casone. what was once the largest bid:platform disappearing over night. millions of dollars potentially gone and u.s. federal prosecutors want some answers. during this hour on man who has $300,000 tied up in he exchange and why he is still a bit:be beaver. >> chances are you on puerto ricans debt and don't know. two said the bond funds in the u.s. those who do may soon become second-class citizens. your money is on the line. peter hayes joins us as we await the details on pr's

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