tv Varney Company FOX Business February 27, 2014 11:00am-1:01pm EST
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maria: quiet market, up 13 points. thanks to steve swartzman, co-founder of blackstone group for joining me for the whole hour. leaders and business like steve, chance to tell their story. talk about their business and give more perspective on issues that are important to your money, tell me what you think, and giving you what you want. tweet me at the openingbellappleby and. over to stuart varney. stuart: what is this? has what all the time? new developments today, the stock is a little. good morning, everyone.
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un effect 3 powered by the sun to build batteries to power the next generatton of electric car, that is the tesla news and the stock is up little again today. this message will self-destruct. boeing's slogan? they are building a smart phone packet. a gross insult from harry reid and most of the media berries it. obamacare of our stories are all untrue so says the leader of the united states senate. from the irs can the los lerner says i will talk if i get immunity. what is that all about? y oh why did we ever put j.c. penney on deathwatch? that stock is up 20% day. "varney and company" is about to begin. ♪ stuart: j. c. penney, that organ
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music means we did indeed put it on death watch. but not so fast, not so fast because look at j.c. penney, the stock is having its best day in 46 years, hoping for a turnaround, an upbeat forecast, they lost less money. we put it on deathwatch, charles payne has stood by j.c. penney even recommending an on this program. charles: i felt better over the weekend when my sister-in-law told me it looked better. my retail analyst did better than a lot of these terms. morgan stanley says $3, ubs said $5, goldman says 6. stuart: what did you say? charles: north of $2 soon. this is the first of many. stuart: do you believe the come back story? charles: gross margins will expand significantly. j.c. penney 26% higher, the guy
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doing fantastic job, same-store sales up 5% and that is in the first quarter flow full year, mid single digits. what you are telling me is the year goes on sales will get better. maybe j.c. penney is back. stuart: today's rally, the stock is still down 30% since we put it on deathwatch, partial vindication. look at as low. it will build a factory, a battery factory to bring down the cost of electric vehicles, spin $2 billion on it. full production half-million batteries year by 2020, 6,500 employees. it is called a gate of factory built in nevada, arizona, new mexico or texas. why is there? it is sunny and the sun will power the factory. charles, there is an analyst out there named adam jonas who says tesla is not a car company but a battery company. charles: a lot of people have been saying that all along.
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that is why the valuation, today 130 west coast time elon musk in front of california public utilities commission taking a q&a session with his cousin who is the ceo of solar city. not just the plant is powered by solar power but maybe it will tell us about being able to store energy in solar cells completely revolutionizing this industry. stuart: if you get a battery that holds a lot of power and runs a couple hundred miles on your car you just won the electric car world. if you say anything like that you won get all. that is why the stock is above 254260. 254, we will take that. su lily, the amazon for moms. it is rallying for the third day in a row. -pcome on, tell me why. nicole: this is a stock that people probably weren't falling so closely until this week. this stock today was up 12%
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which is double the sale, $22 idea. this is ecommerce. you go to the internet for moms and kids and they have apparel and home goods, double their sales, stock is 12%, is that 70%. stuart: we call it amazon for moms. charles: momentum is growing. stuart: dow jones industrial average up 25 points. janet yellen is telling the senate banking committee economic conditions have changed since the last appearance before the house a couple weeks ago. economy could be weaker because of the weather. doesn't know how much weaker yet. no response on the market but that is what she is saying. the dow is up 24. let's get to senator harry reid. he says doesn't believe you. if you have a horror story about
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obamacare, canceled coverage, cut hours, say you are a victim, you are a liar. listen to what he said. >> 24 stories being told all are untrue but they are being told all over america. stories made up from whole cloth, lies. stuart: he used the word lies. he used that word. on this program alone we brought you hoarse stories coming are three off of the top of our heads, we picked these easily. there is -- senator tom coburn, all three, a cancer patients who lost their coverage under obamacare? are they liars? i think not but monica crowley is here. let's dispense with the outrage about what the man said. i want to ask you why he said it. >> obamacare is a complete disaster and he knows it is lagging and democrats said their
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poll numbers, president obama's jobbapproval and all these candidates up for reelection in november by trying to put the best spin on this possible. he is accusing other people of lying when he is -- stuart: that is not the best spin on it. you go out and call a lot of women liars and you think that is going to bring democrats back into the obamacare fold? >> cancer patients, people with hiv who had their treatment interrupted or terminated completely because of obamacare. he learned about when you're in the box, deflects, demonize your opponent and projection, accusing your opponent of what you are guilty of. stuart: the other side of the coin, where is the sharp edge republican who shoots right back at him with something hard, where is that? >> there is one whose name is senator ted cruz. you know what happened to him? he has no backup froo his fellow republicans in the party in the senate in particular.
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mike lee is with him on some issues, rand paul, marco rubio essentially on obamacare, ted cruz is the only one speaking the truth about this, has very little backup and the republican establishment to their great shame has been piling on him when he is the only one out there talking the truth. stuart: astonished to hear the word liar at the camera. we got tweet to big retail names, got to bring you up-to-date. best buy is making progress in cutting costs, not too chablis on the profit side. best buy was the second-best performing stock in the s&p for all of last year. up 5%, 27 on best buy. look at sears, big loss, sales the klein, but no matter, it's loyalty program is showing promise generating more sales and the stock is up 5%. figure this out. got to move on to global warming, the co-founder of greenepeace is a frequent "varney and company" guest named patrick more.
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makes a big way of with his latest statements, speaking before a senate panel, said not only was there no scientific that the evidence that co2 is the cause of global warming he also said environmentalists have been using faulty climate models and scare tactics to back up their claims. charles: weehave said this over and over again. when the president pointed his finger at the state of the union address and said this is it, it is done and over i marvel that it because there was this poll out at the same time where 25% of americans thought the universe revolves around earth. they didn't know we revolves around the sun but that was the accepted scientific for 2,000 years. until copernicus that you got faulty data here. even if -- we learned -- it is -- it is never solved, number one because it always evolves. if you are being a true
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scientist with the completion to base policy because we can. >> president obama said in his speech claimed it was settled signs. al gore talk about it has settled science. is far from being settled science. number 2 when you talk about policy that is the whole point of the climate change argument for those who say they believe in it. it is not about the climate, it is not about protecting species and so on, this is about radical global wealth redistribution, taking the massive amounts of money from wealthier countries and transferring to the poor countries. that is what this is all about. hanging their hats on it. stuart: charles krauthammer called out and said no science is settled there was a petition to get him off the washinnton post, shut him up rather than debate him. move on, time is money so 30 seconds, here they come. facebook finding more ways to make money. it is highlighting two at campaigns that targee specific
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users saying the method is more effective than tv advertising. verizon says it is investigating two more hacking reaches happening at the same time as the target hat, verizon did not disclose which locations were affected. cybersecurity firm fire i, a charles pick exposing a major security flaw in amazon's mobile apps. the fallout hackers to enter unlimited password attempts. it has since been fixed. dr. ben carson, a critic of president obama not afraid to speak his mind. i will ask him this. does he think president obama has fundamentally changed the country? dr. carson is next.
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weaker because of the weather. where is the price of gold, 3033 is your answer up $5. the retirement scheme on the show, we asked charles to ddaw up stock strategies, if you are 65 or 30 and under, let's start with the first scenario, somebody comes to you and says i am 65 years old and have gone almost all the money i need for the next 20 years, what is the strategy? charles: to own stocks and big giant businessee where there's a huge barrier to entry and big winners lose something not put up, boeing will be one, aerospace, power utility, a big investment group, a big pipelinemaker is big, what do they have in common? big yields and it is hard for a new competitor to come on the rise in and i put one wild card in, the candy. you almost have all you want and need something with a little sizzle to the portfolio. stuart: 45 years old and behind
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on some money i need for the next 40 years. strategy? charles: 1 companies growing faster than those budgets talk about. don: -- i like what tyco is doing, should have been t r m, put the wrong symbol in. railcars the big business the next three years, the defense contractor, you want some fast movers, worked gunz dollars a day, a 20% on varney already. solar play, then again the candy. you get a little more upswept with a portfolio to grow, got some time to make mistakes but you want to build that cash. stuart: next one, last one, i am 30 years old or younger, i am ready to take risks and seize the money. charles: these are all stocks that -- not doing bad. it has got to be in it. i focused on revenue growth.
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these are high-flying companies, social play in china, they think they will grow 58%. zillow looking at 45%. the street looking for 131% growth and canadians will 60% growth. check these on a daily basis but don't get nervous. don't worry about that. stuart: if you are 20 years old u.s. 60 years. good stuff. now we are joined by dr. ben carson. as you know he is a world renowned neurosurgeon now retired by the way a critic of president obama and fox news contributor. we are asking every prominent person who comes on the show the same question which is has president obama fundamentally changed america? >> he has certainly advanced the
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goals of those individuals who have a utopian view in which the government controls everything and take care of the people. he is not the first one to do that. we had others on the same view and what they have to do when you want to change a society from a free society where people have a lot of self reliance to one that is government controlled, number one have to get rid of god so that you can replace him with the government, you need to have the government deciding what is right, what is wrong, what is moral, what is immoral. the second thing you have to do is make the population dependent. the very best way to do that is to take over health care. that is the most important thing. interestingly enough these things are happening. i would strongly recommend that
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people go back and read it, read some of the writings of people like curt -- karl marx and lenin and see what they advocated in order to be able to change a society, one of the big fangs is class warfare and you need to make the population dependent by creating more poverty. if you do that, then it increases the appetite for all of these social programs and then weakening the country by raising the debt to unsustainable levels which is what we have now. the only reason we can have the debt of $17 trillion is because our dollar is the basis of the international monetary system so we can print money. if greece can print money they wouldn't have a problem either. the problem is it may not always be that way. there are others saying we are irresponsible. we need to change that system. if that retains what would happen with the $17 trillion
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deficit? stuart: we have asked you this before. what are we going to do? you told us you are out there, we want to bring people together. not looking for a radical opposite to what is going on. you want to bring people together to find solutions and i know you have been out there looking. do you think it is possible to establish a consensus? is it possible to bring people together over a course of action that will take us in a different direction in the future? >> it is very possible. we need to start talking. never have a conversation with your adversary because that humanizes them and your job is to demonize the. we see a lot of that going on. that is not what we want. in the pre revolutionary days of america people need to get together with their friends and family and talk about what kind of america do you want to have? talk about who your representatives are and how did
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they vote. not how they said they voted but how did they vote. you need to know that because you need to talk to your 87-year-old and who hasn't voted in 20 years who may be an invalid. you need to make sure she has an absentee ballot if necessary. if we learn to talk about the issues and what kind of america we want to pass on to our children or grandchildren we can supersede the biased comedienne and the dishonest politicians and we the people can once again be the force that kraft's the nation we want. stuart: come on back anytime and be a part of this conversation. we love having you. appreciate it. check this out. a smart phone made by boeing that self-destruct it's. you, the average consumer won't get your hands on it but we will explain it all in a moment. >> this table self-destruct in five seconds. good luck.
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stuart: a new play in the smart phone game, boeing planes all. design a new smart phone in won't find that your local best buy. the black phone designed for high level government security contractors won't be available to civilians. it has a built-in self-destruct feature that destroys all data, makes the phone and usable with anyone tampers with. where do you want to go with it? charles: the internet was designed for high government officials before it was commercialize. what is intriguing is it will have an advanced location tracking device, solar charging thing, satellite trans the grand biometrics answers. these are all things that could be commercially available later
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on. the self destruct feature is interesting but all the other thing they are doing may have other applications. stuart: icy deck and we will get one eventually. if you drop that thing and you lose all your data. charles: try to open it up and touch someone. we will see. stuart: a 15-year-old speaking at a college in cincinnati preaching and teaching of the virtues of capitalism. loren joins us right now. good to have you back with us. a difficult question, you are 13 years old. do you have credibility telling adults about capitalism? >> i definitely think that i do. to start off, my whole family has been capitalist, both grandparents, my parents, they all made their living and were self-made through capitalism but also i have done quite a few events with capitalism such as empowering you and worked for
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the chamber of commerce a lot and one thing we think this book is important is because capitalism is a simple subject. anyone who can read, my age, younger or older can understand this stuff. stuart: i have a couple issues i will throw at you. president obama waging a war on income inequality. listen to this for a second. >> this is the defining challenge of our time. making sure our economy works for every working american. that is why i ran for president. it was the center of last year's campaign. drives everything i do in this office. stuart: you say in committee quality is not a bad thing. >> i think -- income inequality is not a bad thing. it is a good thing. everyone knows the way to get ahead in america is to work
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cardin have determination and perseverance. after college, we go to all these years of schooling, six years of college and start working. some people might work 60, 70, 80 hours a week to get ahead and all the business people now who give us our jobs started low and they have worked up the economic ladder and so should everyone else. honestly have you ever heard of a person getting a job from a person with a low-income? stuart: going to move to another one. the minimum wage. here is what the president said about the minimum wage. >> increasingly businesses recognize raising wages is a smart business decision because they end up having lower turnover rates, higher productivity, higher morrell. this is not just good policy. it is good politics. stuart: 20 seconds. why you disagree. >> cbo report recently said
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500,000 to a million jobs could be lost because of raised minimum wage. those are going to be the jobs for my generation and when i go through bunch of years of school and get out of college i want to be able to have a dog and i think more people my age would like that as well. stuart: well i will tell you so. janet yellen, a new fed chair ago set a higher minimum wage ts has a negative impact on employment. you and janet yellen are in sync just like that. loren hudson, thank you for joining us, see you again real soon. senate majority leader harry reid saying all those 4 stories about obamacare our lives. senator john morass so is the next. he will respond to this "after the bell". >> plenty of worse stories being told, all are untrue but they are being told all over america. [ park sounds, sou of spray paint ]
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i was trying to like pul it a littlfurther. you know, i was trying to stretch it a little bit more. [ woman ] got to 70 years old. i'm going to have to rethink this thing. [ man ] i looked around t everybody else and i was like, "are you kidding me?" [ dan ] it's just human nature to focus on the here and now. so it's hard to imagine h much we'll need for a retirement that could last 30 years or more. so maybe we need to approach thingdifferently, if we want to be ready for a longer retirement. ♪ ♪ stuart: the state department says they contribute 0.01%. >> that is a piece of garbage. stuart: okay.
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another report out on keystone confirming the state department's conclusion of the pipeline when not add me greenhouse gas the atmosphere. sandra smith is here. will he or will he not build a pipeline? the president. >> the absolutely will build a pipeline. it was very frustrating because like all the environmentalists against this thing, they won't listen to the facts. this report just released, long-awaited report, the gist of it is the keystone pipeline effect would have very little impact on the environment. but yet they have still come out saying this report was bias. saying it was handled properly and sometimes was more rigorous than required. this thing hands down, it will certainly get built. stuart: very strict. >> you don't want it shipped. which would be ridiculous.
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stuart: it would be ridiculous. come on, charles. charles: build it and you can export it. stuart: you say he will do that. charles: i think so. stuart: senator harry reid calling the horror stories untrue. not so fast, listen to the senator on the senate floor yesterday. >> she works, she has maintained a number of part-time jobs, has a masters degree and then she says once it was passed, she said i saw the writing on the wall and so did the companies i work for. stuart: the senator joins us now from capitol hill. we just ran a clip from what you are saying on the show yesterday. in the constituent hurt economically and i take it you object to calling her a liar. correct? >> absolutely. he cannot handle the truth.
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we have been a senate floor the number of republicans reading letters from our own constituents who have been hurt by the presidents health care law. in terms of the health care pay, thousands have gotten letters where their insurance has been cancelled, many are now hit with much higher premiums, higher co-pays. we are seeing this all across the country. harry reid said all of these stories are untrue. a child's majority leader to go home to nevada, his home state, have a town hall meeting, hear from the people of his state and say is he willing to call them liars to their face? stuart: that is extremely sharp edged language. you start saying that kind of thing, that is tough stuff. why did he do that? >> i don't know if he is in denial, taking direction as it up at of the president to say
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these sorts of things. if this health care law was so good, why has it president unilaterally change 24 different times at least in order to try to push the pain back beyond the 2014 elections. people are seeing how devastating this has been in terms of jobs, in terms of their take-home pay. and their health specifically. unions complaining about it, cancer patients complaining because they can't keep their doctors. everyone knows someone hurt by the health care law. stuart: what is make political sense to use the same harsh language and throw it back in his face? would that be good politics, do you think? >> what i want to do is bring to the american people the truths about the damage done by the health care law and the
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constituents. stuart: senator reed made the statement. today i have checked "new york times" and "washington post." it is not there. maybe in the back page someplace but has not made any kind of a splash in those two major newspapers. mainstream media is not getting the harsh language out there. >> "the new york times" did report, stuart, the fact many public employees, people who work in communities, cities, or having their wages cut, their take-home pay cut because of the health care law to get people under 30 hours. we are seeing that with sanitation, teachers, coaches, all across the board andfá communities across america. "the new york times" reporting it, that word is getting out, the damage done by the health care law the take-home pay of
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american workers a a time the president is talking about raising the minimum wage. what people are getting paid to take-home is going down because of the health care law. stuart: thank you for joining us this morning. former irs attorney wants it. if she does appear, you can expect more of this? >> one of the functions of the fifth amendment is to protect individuals, that is the protection i am focusing on today. >> he did not get to tell your side of the story and be subject to cross-examination. she raised her right by issuing an opening statement, stand here and answer our questions. [ male annncer ] whether it takes 200,000 parts,
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money this fourth quarter. up 42%. for-profit college chain itt educational services accused of predatory lending. the stock taking a hit on that down. gm issuing a recall saying front are baseman not inflate in the event of a crash. up next, new details on the woman at the heart of the irs scandal. [ female announcer ] who are we? we are thinkers.
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stuart: the big board shows 36-point gain for the dow. not affect in the market much. she says the weather may have a negative impact on the economy, does not know how bad it will be. raising the minimum wage by lynette it to the fact unemployment. you have a health care stock down big. is thi is connected to obamacare quest mark >?>> the analyst havd portion of the forecast is from a higher than expected tax rate.
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if an illinois-based company is a manager, they give a full-year forecast, that is weaker than expected and that is why you are seeing it to the downside. on the other side of the coin, they like this company, they think they have strong revenue reports and handle their cash well, the ceo noted new deals, so it seems everything i ead about the company seems so great, yet this forecast misses the analyst estimate. the stock down 11.5%. stuart: an attorney for lois lerner says she will only under two circumstances. either she gets immunity or she gets slapped with a federal court order. here's my question, why wouldn't congress just get a court order? judge napolitano is here. why did they just get a court order and compel her to testify, why not? >> i don't know the answer to that. far easier to get a court order for her to testify then to give
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her immunity. but giving her immunity the rems her ability to the fifth amendment. if they give it to you, you have to accept it and you have to testify. she can still invoke her fifth amendment privilege against in committing herself consistent with a court order because no court could order her to violate that but if she is immune from prosecution, can she cannot invoke the fifth amendment. how seriously about wanting answers or are they looking to score political points. stuart: what we are all trying to do is get to the bottom of the irs scandal. does it extend to the obama irs campaign or extend to the white house quest mark did the ? would that gets the information we want? >> here is the way the
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government operates in normal criminal prosecutions. if it has reason to believe somebodyyhas orchestrated a crime, and there are many people involved in the orchestration, it wants to go somewhere up that food chain and find someone who can spill the beans, turn the evidence. if there investigator there inve they know everything that went on, you have to sacrifice their ability to prosecute her and turn her int witness. she will connect all the dots for them and she will do it in private, not under oath, meeting with investigators and will do it obloquy under oath. just have to give up the ghost on pursuing her the defendant and take her in as one of their own. stuart: i believe he is a former prosecutor himself camino him. he said on fox news earlier today we are not giving her immunity, have no idea what she has done, why should we give her
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immunity when we don't know what we are looking for? >> it was best things about immunity. you will love this phrase, the witness engages in a procedure called queen for a day. how queen friday works is you go in with federal prosecutors, there are no tape recorders and nobody makes any notes and everybody agrees with says in that room stays not room and you tell them everything you know. if they decide no committee forget about what you told them. if they say yes, they made that decision knowing what you know and knowing how you can help them. if she and her lawyers refused to engage in the queen for a day procedure, they are correct, they will not give her immunity until they know what she will give them back innreturn for the community.
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stuart: first comments we were discussing his offer of immunity demand was an admission of guilt. if you will not open your mouth unless you have immunity and without a court order, it is admission of guilt. >> she doesn't care because if she has immunity, whether she is guilty or not, she can't be sued. i am down here for the special report gig, i believe it will be on in the stuart varney household. stuart: it always is, i will boost your ratings. see you later. those hated red light cameras, they generated millions of dollars for towns and cities but they might not make the roads any safer and they might be on the way out. stand up and cheer. coming back after this. [ male announcer ] this is karen and jeremiah.
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stuart: have you ever been nabbed by those red light cameras? some cities are yanking mf the questions raised about their effectiveness. in the state and local governments using these cameras to nab motorist run stoplights, for example has fallen about 6% since 2012. now down to 508 localities where they still have got them. but they do bring in a lot of money, ain't that right, sandra smith. sandra: three intersections since 2010 have resulted in 83,000 tickets, $2 million in revenue. that particular mayor decided to do away with them because after this report has revealed it is not making it intersections any safer, and in some cases it is making them more unsafe because it is catching them off guard and stuff that. stuart: there while be detected. >> they generate a lot of dough.
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charles: i get frustrated when i don't have time to pose. the flash goes off, should have posed for that one. modern-day speed traps, before it used to be about the cop behind a big billboard. now it is everywhere. >> and testing the authenticity. was it yellow or was it read? charles: can you beat them? stuart: if you start to go through the intersection when the light is yellow, if you don't get to the far side while it is still yellow, that is an offense. >> an officer told me if at any point your car is still in the intersection and the latest red, you ran a red light. that was chicago.
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stuart: say no more, say no more. may the images out of ukraine and venezuela talking about the role of social media. what role are they planning? plus, thought max was supposed the safest of all computers. how apple got hacked. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the hous tomorrow.
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stuart: welcome, everyone. here comes our second hour. do you think your apple computer was immune from the hackers? it issnot. john mcafee is here for that. the guy who runs the big vegas casino is here. we'll tell us how the strip lost out and how it might make a comeback. chaos divide in ukraine, half a dozen other hotspots as well. social media o on the frontline. front lines. given insider on that. john stossel says the good old days are not so good.
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tomorrow ain't as bad as it seems, okay? how about is addressed the gives you the nicotine along with music and cell phone calls. we have one right here. international monetary fund putting its $0.02 into the debate over income inequality. economist released the following statement. he quality enhancing interventions could actually help growth. that is right, they believe well through this region is good, tax the rich, give it to the poor. i know you are not buying that, but what is the imf doing weighing in a highly political subject? charles: because the imf is highly political. it has this keynesian sort of ideal about how they heal the
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world that has always been take money from someone and give it to someone else. sometimes do it in the form of a loan but there's never been any real strings attached other than economic strings. i will give you this money, you will pay it back for this much. there's never been teach your first graders how to read. every kind of strings attached that liberate people can instead it gives them coming back. talking about the ukraine, ukraine got money the early 1990s, 2008, they were approved another 15 billion in 2010. they keep everyone down and they can be easy. same time. stuart: one surefire way to fire up charles payne. mention the distribution of income. stuart: breaking news on eric holder. a significant department of justice confirms he is in the hospital after experiencing shortness of breath. we are told it is a precaution, that he is resting and that he
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is in good condition. boeing designing a smart phone for high-level government security contractors. it will not be available to civilians. the phone has a built-in self-destruct feature allowing all data, it destroys all data if you tamper with it it is all gone and makes the phone unusable if you tamper with it. it is kind of a futuristic thing but we bring it to you. the stock is up $1. my producers are always warning me about the zombie apocalypse but it is turning out to be a good thing for amc cable networks posting strong numbers because it has the hit series "the walking dead." it beat the olympics and other ratings measurements. up a nice 3%. the second-bes second best-perfk in the s&p 500 all of last year. best buy is making progress and cutting cost so house of doing today?
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nicole: looking good. earningearnings-per-share beatig profits, the ceo a real turnaround expert working on stripping away layers of management, they recently announced 2000 layoffs. they're cutting jobs, trying to boost their cash balance, 11 even sold off a stake in a european venture with a ar phone warehouse group. they are on the right track. this year a different picture. you mentioned the great year they had last year up about 50% in the last 52 weeks including this year, but 2014 down 30%. stuart: thank you, nicole. facebook says it is making progress in targeting users with specific ads. trying it out with aarp and it was successful. facebook not responding to that.
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up $0.15, but close to $70 per share. social media helping to fuel the flames of social revolution. we are using websites like facebook and twitter. being used as tools to communicate and maybe gain supporters of organized protest. tech helping to change the world. we are joined by president of business development with a company that manages all your social media accounts. welcome to the program. you know if these are using your software, your stuff? >> with the egypt revolution when twitter and facebook were shut down was a quite a significant jump of users. i don't have any specific information on it for these areas, but i want to get my condolences to everybody facing these challenges right now. stuart: dr. keith ablow is an outspoken critic of social media.
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you know what is coming, hold on a second. listen to what he had to say to us yesterday. >> facebook does not free any one, it makes them hostage too many reality tv versions of themselves. stuart: facebook doesn't free anyone what makes them hostage too many reality series of themselves. go ahead and respond. >> that is a really interesting perspective. i think facebook itself is not something that phrase the world but decentralized media facebook represents helps give other people voices where previously they had none. stuart: i am with you on this one. i want you to tell me, i know our team uses hoot suite but i'm not sure exactly what they do with it. do you want to tell us? >> like many news organizations
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out there, there is a lot of noise. people are mentioning you and they want to talk to you. what they are using it for us to make sure they can respond to your fans and even the critics. they do exist. stuart: i know that one, believe me, i know that. but i still get it. your product pulls together like twitter and facebook pulls it all together and manages that account for me and our team? is that what happens with mark >> there are some a different social media outlets. twitter, facebook, google+, printers, instagram, these are all different places peoplh outt is challenging for a big celebrity like yourself. trying to go to one centralized dashboard to have more time to be on their content. stuart: you just organize it, is that true? >> we help organize it, live
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integrations providing sentiment analysis to have a better understanding of who has negative connotations but trying to give the raw feedback to our clients to make sure they know what to do with it. stuart: are we paying you were is this a free service? >> i should go talk my accounting department and see if you guys are sending a check lately but i assume you're probably a top tier enterprise and have an account manager working with your team. stuart: flattery is the mother's milk of television and you are very good at it. when will you go public? >> that is yet to be determined. we are building a business. stuart: i know you are celebrating. market cap of $180 billion he says a day piece piece of that, don't you?
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stuart: thank you for all your help in managing my dashboard, that is good stuff. thank you for joining us, come again soon. thanks. where are we? up 30 points, not much movement despite adhere morning of testimony at the fed. what happens in vegas stays in vegas until it moves to asia. las vegas sands chairman willing to invest $10 billion in casinos in japan, i believe his already in macau. bringing and tons of money. the ceo of cosmopolitan las vegas. you're in the strip, aren't you? >> we are. >> i know where you are. you have one hotel. fairly new, right?
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>> just finished our third year. it is halfway between tropicana and flamingo on the strip next de blasio. stuart: they have taken over the big mecca. there's a much more than las vegas. how are you going to reverse this? >> the way i would look at it is las vegas is an incredibly powerful destination. it is one of the most popular, well-known brands in the world. i am not going to get back what's gone away. what i think las vegas has done is a fantastic job responding to changes in the market. stuart: are you a high-end hotel? >> we are high-end hotel and
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casino. we have the highest average daily rate in las vegas where the luxury premium end with 3000 rooms, we have a very powerful hotel. charles: you know what i think you guys have done fantastic? you have the young hip product. i think that is where you really make big and roads and establish yourself from the chinese guys may not come here often. at the cosmopolitan or somewhe somewhere. >> i think it is a good point. what is interesting as i have been in vegas for 10 years now, for the first nine years the median age was 50 or 51 years old. the last year's demographic data reported by the las vegas convention and visitors bureau that shifted to 45 years old. 51 to 45 on 40 million visitors is a seismic shift. market is changing, people are
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younger, higher household income, higher level of education and almost double the amount of international visitors since i got there 10 years ago is almost 18, 19% of the visitors are international who stay longer, spend more. it is a fantastic play. stuart: thank you very much for joining us. good luck. curious about a stock? we told you to tweet us. charles has chosen to talk about sentry link because you asked about it. charles: a lot of people own this stock. i don't see any reason to stay long. the december quarter the street look at $0.59 per ad ring trends to go down. it is a telecom play. i don't make the nuts and bolts.
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stuart: did they say i've got this stock, what do you think? >> i'm getting tons of messages, i wants to try and get to all of them. stuart: i tell them this person sell it? charles: i would sell it. the chart is ugly, under 30, i don't like the risk-reward. stuart: now tell me about rocket fuel. this is one of yours. charles: artificial intelligence meets big data. they just reported phenomenal number, blew away the street. the stock doesn't have enough coverage. this was a hot ipo. by the way, it is run by rocket scientist. these guys are brilliant. they take digital advertising while there is the web, video or social networks and teach
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companies how to precisely do the advertising. this will be a gigantic winner. stuart: they pull an incredible amounts of data and tell companies how to use thaa data and artificial intelligence. artificial intelligence. different from old-fashioned data mine? charles: the company claims it has more phd than any other. john mcafee is next.
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stuart: nutrition labels are getting a new look. calories will be larger, bolder type and consumers for the first time will know whether the foods have added sugar. i have no objection to knowing what is in the foods i eat. >> what is interesting, have no problem with this either. i was startled to see even milk can have sugar in it. that is kind of interesting. plain old vanilla milk. stuart: it is the sugar content in everything that is being shown, right? this is the first time? this of the first time, it is bolder, bigger, you know the sugar lobby will have a fit about this. but as the boomers age and people become more health-conscious, it is to be trans fat, now the focus is
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squarely on sugar products, sugar in products. stuart: if i get a bottle of coke it shows me how much sugar is in the bible, not per serving. >> so many people don't do the math. stuart: the tech is king, right? it's urban england using image recognition in google glass and use it for ads. google is barely changed. it will not affect the stock. we love netflix, where is it today? $4.52. and we have apple urging users to update their iphone and mac software after a security flaw was found. nobody actually hacked into it. it was found early. let's bring in john mcafee.
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i thought mac was supposed to be immune to any kind of violence. allows quitclaim, but apparently not so? >> there is no system immune to hacking or malware. they learned long ago not to use hacker proof or malware proof because my what system you have someone will design a ay to get into it. apple has long said our systems are uninhabitable but recently found the go to fail bug which they just had a fix for. they said we won't know for many months if somebody has hacked into it. it frequently goes undetected for months or sometimes years. stuart: if the bad guys have known about this way in, a b didn't tell anybody, if they found a way in and had gotten
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in, we don't know about it yet, and the fix won't work, correct? >> we will not know about it. they will still be vulnerable. again, to say anything is hack proof is ridiculous because hackers will always find a way. for example, the new phones i think to have been watching too much mission impossible basically the phone, if you attempt to tamper with it, the phone has dual batteries. one attached to a connection in the case which reelly race all the data if it is tampered with. even that you can get around that by super cooling the phone if you tamper with it. any battery will cease to work. again, this is from marketing only. companies that have huge contracts with the u.s. government, they need to continue these contracts and so to say we have a phone mission
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impossible type phone that will self-destruct if you tamper with it is meaningless because nobody bothers to steal a phone and tamper with them anymore. he planned software on the phone you have remotely and it is the same thhng as having access to your whole phone. stuart: something we brought to our viewers attention, the lack phone, they are building a smart phone they say is tamper proof as you described and you are telling us that is kind of old hat because you don't tamper with a phone like mission impossible, don't take it to pieces, no, he planned some sort of software bug and you are saying it is not immune to that, right? >> absolutely not. it points out to how unsophisticated our government programs are. to buy and that concept, you can't tamper with it.
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again, that means nothing. the tampering will not come with a human with a screwdriver, to be some hacker in russia that want to download software with malware in it. the problem we have is again not with secure access to the phones with the fact they are increasingly targeting the more well-heeled in the world. the last hacking a department store was neiman marcus. we have a far greater concern is kick starter, one of the crowdfunding operations was hacked and what was stolen was not credit cards because credit cards have limits. what was stolen was the personal information. her phone number, social security number, home address and e-mail number. i can become you. the crowdfunding operations will eventually morph into something like the stock exchange, which is frightening.
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the other company i know of uses security is an outfit in atlanta called quick funding. a small startup outfit. larger companies are using outdated software and outdated techniques and it is very frightening. stuart: it is. i wish we had more time. i find it fascinating because it seems to me nobody's information is safe. , again soon, and we know what yoyou're talking about. two developments for you on climate change and on obamacare. why neither was covered by mainstream media. my take on that is next. there's this kid
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coach calls her a team player.. she's kind of special. she makes the whole team better. he's the kind of player thatuts the puck, hoehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad somebodyike my mom. my grandfather. i'm very pround of him. her. them.
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circuitry being to change. harry reid speaking about the people, he said 20 of horror stories, many of them are untrue. his tongue a lot of women "you are lying." why is it only fox paid attention? personally i find it very hard to believe any media outlet would just bury the gross insults and how can anyone ignore what the cofounder of greenpeace has to say about humans and climate change? the truth is journalist they are heavily invested in the idea america should be more like europe. this is a core belief among the elites so with socialized medicine creating thousands of victims, they don't cover the story, doesn't fit the playbook. same with climate change. humans are pretty the planet in
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danger, they don't want to hear otherwise. but you deserve to hear what is going on, after all obamacare is upsetting our entire health care system and to have a dramatic effect on all of us as they pushepushthe climate change age. so here is our promise. he will not llt you down. it will not be "varney & company" that barry's the inconvenient truth.
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in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing idea like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pano taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com
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stuart: left will do anything to delay the keystone pipeline. listen to senator barbara boxer talking about dangerous chemicals related to keystone. >> elevated levels have been reported. this type of cancer and chemicals including leekemia and non hodgkin's lymphoma. stuart: i am not sure whether the link is with the keystone pipeline. she wants to try to get this link between cancer rates, certain kinds of cancer and the keystone pipeline. i'm not a doctor or a scientist but it seems like that is a stretch. liz: we have already read what the state department has said and the state department said it willlnot adddmore greenhouse gases.
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keystone pipeline according to the state department said it will not add more greenhouse gases. important here. what barbara boxer is saying comes one day after an arizona democrat wants the g a o basically to probe the process of analysis the state department is using to approve the keystone pipeline. again two democrats within two days moving to delay the keystone pipeline further. stuart: a hidden agenda, delay the keystone pipeline. no matter what evidence you use a what study, delay the thing. liz: seems that way. stuart: the old generation versus the new generation. o'reilly, bill o'reilly, fox news rants about youth smoking weed and john stossel's generation appears to steal from young people. listen to this. john: is america going to pot? tweeting, hard to make a living, you will be a terrible citizen. >> what are you doing?
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>> i need this. i need this stuff. take this scooter. >> give that back! stuart: you know who is here? that is stossel. the battle of the generations. that could involve two different aspects of the story. youth has gone to pot and they are useless bunch, that is is that of movieland second, the stealing, older people stealing from the young generation. deal with o'reilly's rant first. john: his rent is silly the old codgers of always complained about the young and kids are texting a lot but no evidence -- more are watching violent video games, youth violence is down, teen pregnancy is down and kids are inventing facebook can youtube, they will do fine. stuart: you gotta get up prop out. this is fascinating.
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john: if he were in the 50s he would complain about superman comic books. our senate actually held hearings, this is going to wreck the kids, but teaching them sadistic fantasies. stuart: are you serious? john: i am a newsman. the news is funny enough. stuart: my mom and dad hated the rolling stones with a passion because they got long hair and obviously they were using drugs. they hated them, hated them. john: we came out okay. stuart: the second subject is stealing from one generation to another, older people taking away stuff from youngsters. that is accurate, isn't it? john: totally real, totally terrible. this is entitlements. people my age set i paid into medicare, i had my deduction all those years -- we get back three times on average what we paid in and there aren't enough young
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people to pay for it. it is like we are taking from these young people to fund our retirement and don't want any cuts. stuart: it is wealth transfer because taxation of younger people and by that i mean 50 and under essentially goes to pay for the health and pension benefits of older people. that is money transfer from that generation to that generation. john: is worse because we are richer. these kids can't afford to pay for as. stuart: what conclusion did you draw on stossel which airs tonight on the fox business network? what conclusion will you draw? john: o'reilly is out to lunch. stuart: you won't be on o'reilly's show again. john: our generation is doing a terrible thing and nobody even knows about it. people don't even know we are in debt little on about our future. stuart: you go that far? you think our generation? we are the same vintage, we're doing a terrible thing to the nation's use? john: yes. definitely. stuart: you have never been --
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your show is tonight at 9:00. great numbers too. j.c. penney stock having the best day in over 40 years and remember, we are the ones who put this stock on death watch. get you $0.02 worth. now we are on s&p 500 record watch for the fourth day in a row, $18.48 the number to watch, the the real halftime report is next. we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i watrying to, like, pull it a little further [ woman ] got me to 70 years old. i'm going have to rethink this tng. it's hard to imagin how much we'll need for a retirement that could last 3years or mor
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so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ [run your entire business with all-new inickboo.ickbooks.t. get paid however you want with it. get al work done wherever with it. say "buh-bye" to the old way wi it. run payroll with your finger with it. scan receipts with it.
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sync this stuff with that stuff and that stuff, with it. maintain your sanity with quicooks. this is your business on the all-new quickbooks. run with it. stuart: general motors announced the recall of 1.3 million vehicles, the ignition switch may cause front air bags to inflate. 31 crashes, 13 deaths linked to the recall program. transition owner of the largest drilling rigs as low demand for oil rigs. zoo lily, children's clothes, amazon for moms, rallying for the third day in a row, up 14% crossing $70 a share.
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halftime report. the new york exchange, nicole petallides, liz macdonald in new york, keith fitzgerald from portland, ore.. the headlines market is scaring you. explain. >> we have seen bond traders rally at the same time the stock market is pushing high, we saw a divergence identify like and fantasy island trading dollar over the map. case in point facebook and the what's app application. he could have had changed over and bought the gerald ford aircraft carrier for $13 billion and paid $19 billion for an apps that has no valuable except to him. stuart: that is interesting. let's bring in scott. you agree with that analysis? what do you say? >> the only thing we could look at is the truth serum, that is exactly right. we saw the stock market rally, the same time the tenure just laid there, stock market faltering a little bit, going sideways and a ten year rally, rates going lower?
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the ten year is telling me we have a lot to worry about. it will be absolutely critical. stuart: two negatives for the halftime report. i have three hot stocks will watching. and 40 plus, keith fitzgerald, are you buying to j.c. penney at $7.39? >> dying brand, talk to retail, internet killing it. stuart: short, shop and to the negative. liz: too many shores. they need to shut scores like radio shack, that will improve same-store sales, if you have less stores, they have cash problems. stuart: i am getting depressed. facebook finding more ways to make money, the company highlighting two ad campaign that directly target specific users. come on in. nicole: in this case older
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americans or teenagers, two ad campaigns were run on facebook and so far so good, this is facebook working on getting at dollars, so you have aarp and the american legacy foundation hitting teenagers or truth campaigns to curb smoking. so far so good and turns out 14% of the aarp the folks on the ad. stuart: we hear you but looking at keith fitzgerald on the top left of my screen. looks grubby, doesn't like facebook, do you? >> i don't think it has real value. next best thing is only a click away. i look right to my own children who left facebook months ago and were convinced that thing is gone. stuart: okay. look at tesla. it is a battery factory to bring down the top of this. some people say it is a batterymaker. liz: elon musk could pull this off, there was a lot of buzz
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around this story and even more about the fact they could to wireless recharging batteries. that has apple stock popping even though analysts say that won't happen. my suitcase is looking like a fishing tackle box every time i put my wires in their to recharge my phone. if elon musk could do that that would make a lot of consumers happy, not having to pack all those plug in wires to recharge your batteries. if he does this this would make the stock something. stuart: janet yellen in front of the senate banking committee last hour said a higher minimum wage could have a negative impact on employment and that weather has a negative impact on the economy. she sounds like you. >> and she is absolutely correct. it better be the weather because if it is not then we have real problems and i'm afraid the ten years telling the truth. my father told me a funny old thing, at this rate i am going to be 95 years old serving ice
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cream at dairy queen. that looks to be more true than anything he ever said before because the labour market is in a bad way. we have 6.5% unemployment rate not good enough for gdp, not growing or making anything. i am worried about the next two or three months, good numbers come in bunches of america will go south. stuart: that was a real halftime report. we really put him in a good mood. we do appreciate it. more stocks for you right now. cold temperatures have you thinking of sunshine and stand? a look at big travel names you know. price line down but not by much, we are down $2 and it is worth $1,300 a share. expedia is up just a fraction, $0.48 at 79 and orbits worldwide, not a bad game, 1.7%,
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they are one down, two. perhaps you are more of a risk taker. here are a couple big casino stocks. win in las vegas, win isn't $2, $2.39, look at mgm also higher over 1% 27 non and gm. last hour we asked charles payne give us some retirement stocks and this hour we have keith fitzgerald weighing in, start with kind morgan. as a retirement stock. >> it has high income, competent management, does not have corporate jet for stadiums named after, 39 miles of pipeline and a 6% dividends, it is stable and appealing. stuart: that is my attraction. as for next up it would be google. has the retirement stock, google? >> here is the thing. if you are nearing retirement or at retirement is overprice but if you are youngster
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considerably younger than you and i, there are four, five, six companies lurking inside google and they will break this up over the next 20 years and you have all kinds of value and least. if you can pick up anything in google, a couple shares, by and tuck it away and hold it tesla is the same way. stuart: i will say one thing for you you know how to get to the point and get the information out short and sharp and we like that. thanks very much. hillary clinton and obamacare making this statement before crowd of young people at the university of miami, i am quoting directly. having access to health insurance, not connected to employment, subsidized as it is under the affordable care act, liberates you to choose what you want to do in your life. obamacare liberating our youth. liz: this is another billboard advertisements madame secretary clinton is providing for obamacare.
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they need the young people to coming, 40% of enrollees to come in selling anything they can do to say health reform is good for the underground they will promote. stuart: she is buying into obamacare even though it is under attack. that is very important stuff. check this out. and the cigarette that can play music and make phone calls. we got one of them here on the set and you will see it next. (vo) you are a business pro. seeker of the sublime. you can separate runway om fashionhat flies off the dicuusneshelves. and you...rent from national.
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stuart: breaking news on the mortgage market and housing, wells fargo cutting 700 jobs in its mortgage unit. the implication of that list. liz: the hills of jpmorgan laying off mortgage workers, bank of america and citigroup and interest rates rise and basically mortgage refinancings drop-off. stuart: bringing the total -- 16900 total since july.
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thanks very much. check this out. you are smoking your e cigarette, suddenly it vibrates because you are receiving a phone call. you hang up and have the option of playing music. joining me is dmitri, play it for me. i am holding one of your e cigarettes. we are going to have somebody place a phone call to this device. i am going to answer it and talking to a band you got a phone call coming right now? and then -- why on earth would i have an e. cigarette that takes phone calls? >> is the thing we had in mind.
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i don't know -- i just press the bunt in. stuart: i hear you. everything ok? stuart: just let me get my nicotine fix. >> love to be on your shoo. stuart: i got to put this thing down before i destroyed it. wait a minute. i am sitting there in my office taking they had on the nicotine, the ease cigarette and i can get a phone call and i can get music of 5 one also. i don't understand why you feel necessary to bring together music, phone calls and nicotine. >> people love it or they don't love it, doesn't matter bbcause everybody has a play list on a phone and using the phone to make calls so why not with a cigarette because you cannot smoke and hold your phone in
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your hands. stuart: is it on sale in europe? >> in europe we sell it for 97 euros. and $99. it is already on sale. people are already buying it. it is a supersoaker bluetooth and leah looking for at partners to help us out. liz: where you apologizing for your european accent? stuart: don't apologize, it is a wonderful accent. what is it again? curioustopboseliz. more "varney and company" coming up next. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine ifob were a vampire.
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the government controls everything. stuart: that was dr. ben carson when we asked how the president fundamentally changed america, he said yes. cheryl: stuart varney, thank you very much. adam: i am adam shapiro. -pgerri: i am cheryl casone. the economy is going soft on janet yellen? federal reserve chair takes how big an impact bad weather is having on things? adam: who is in charge? dozens of heavily armed gunman seizing control of local government buildings in the ukraine and raising the russian flag? the rush for bailout money aa ukraine banks were helped as well. liz: calorie, michele obama's proposal for sleeping changes nutrition labels as obamacare forces calory count on menus. we are heading to the source on this one. popeye ceo joins us first on fox business after the fast-food chain's fourth
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