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tv   Varney Company  FOX Business  March 11, 2014 11:00am-1:01pm EDT

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them a chance to make money. i think i told you we are starting three new funds. we have a private equity fund, two mutual funds, twin lines is the name of it but those are managed by some guys over the last ten years. maria: we will watch those funds. congratulations, great to have you on the program. thank you so much. time for "varney and company". over to you. stuart: so you thought congress cut the food stamp program? think again. they got around those cuts. so far three states have found a way to spend even more. new york, pennsylvania and connecticut gaining the system. new york will get an extra $500 million for food stamps and we have a report. the senate pools and all-nighter. cannot trying to start something. they are for something, climate change legislation. it is about yogurt.
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how come in new company with lots of competition is worth $2.5 billion? "varney and company" is about to begin. charles is with me. two stocks, we are going to hit right off the bat. two names, widely held, dow stocks, they seem to be scrambling to reinvent themselves. i am starting with ibm. the chief executive officer made it clear, she said and i am quoting, she said they are not back sitting hardware. they are staying with hardware. that is not much of a reinvention. charles: if i am a shareholder looking at 2013 and i see your hardware business was down 18% and gross margins were at 35 to 39% my question is why not.
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they are accepting some of their architecture, sold them for a song. they did admit they had serious problems and want to focus on data. they're going to have to make major acquisitions. i don't think they can do this stuff internally. a lot of hot companies out there. by your way back into the game. when ibm had similar problems, six years later everybody thought they were going out of business. they can reinvent themselves, but if they wait too long it will be a slow and arduous journey. go out and do something, show me what you're going to do. stuart: mcdonald's expending their own test. how is there makeover doing?
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charles: same thing. they all had heart attacks, just four years later it was $14. the same scenario. they did the coffee thing, they did a whole bunch of changes. the good news is they are growing around the world. americans taste is changing. the stock is up big today. stuart: we are listening to, charles payne. if you're looking for big movers, look at the retail group. most are flat because the dow is up 32 points but the retailers, some of them are taking it on the chin. i will start with american eagle. the weather rears its ugly head. they say the severe weather hurt demand. profits up at urban ou outfitte. the stock down 5%. to target, being sued by swatch.
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target illegally selling watches that topic is products. target doesn't matter. about 61. checked the big board, the overall market is pretty flat, up 29 points. guess what, they found a way around the foodstamp cuts. they are doing it. there is a rule that says you give $1 the person who gets the $1 signs up for food stamps. maybe $1800 per year. york added 6 million for heating, and extra 500 million for food stamps. where is the cubs? republican from louisiana. i am not blaming you, why can't you stop this kind of thing from happening? the whole country want to reform food and cut it. >> we instituted $40 billion cut with a lot of reforms in this and we could not get it through
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the senate, the whole thing fell apart. we had a compromise bargain between the house and the senate, this is what we get. stuart: they are gaming the system. >> they are gaming the system. we have not only burgeoning entitlement programs, we have waste, fraud and abuse through all of these programs. stuart: it never changes. >> i chair the oversight committee on ways and means. $4.2 billion per year in fraud every year. it is because social security number is not required. we passed legislation in the house and we cannot go the senate to go along with us on this. stuart: even when the source of that fault is staring you in the face. >> staring you in the face, latent. it hurts these programs, it hurts the integrity of these programs and there are those who actually need help and the money does not go to their hands.
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stuart: you cannot cut it back much either. i have to ask about obamacare. i have asked all our political guess the same. most say we want to kill obamacare, we want to repeal it. i say yeah, you want to, but you can't. and you agree with me, don't you? >> i do in the sense we will not get the senate to go along with that. we have had some success, the entitlement long-term care program repealed, it took me three years. i had no democratic report to start. we really cast sunshine on the faulty premise this whole thing was built upon. over time i introduced legislation and lo and behold we got it passed. stuart: there are some republicans who say repeal it, repeal it, repeal it. ted cruz said we can repeal it
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even with president obama in the white house. it is impossible, congressman. >> the president will not sign onto an appeal. stuart: we are stuck with this thing, aren't we? >> until 2016. stuart: and then it will be difficult because parts of that law, keeping those in getting rid of everything else. we have it around our next, don't we? >> this is what happens when you try to reform one fifth of the economy with massive legislation. many unintended consequences, complications, we have seen not only faulty policies but really bad rollout. stuart: thank you very much for joining us. why are you in new york? you are from louisiana. it is cold. >> had a couple of meetings appear. talking to energy analyst trying to get insight.
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stuart: a pleasure to have you on the show. the "l.a. times" reports apple is pressuring major record labels to offer new releases exclusively through its itunes store. they want their stuff to be apple first and nowhere else. that is what they want. exploiting a strong market position, isn't it? nicole, check out the stock, please. nicole: it has been the behemoth over the decade but that isn't slowing. up 1.4%, working with the record companies trying to see if they can have a little grace to beat out spotify and others. we will see whether or not they can use their multiples to do that but trying to beat the streaming services. your smart phone is now like the sony walkman. they want to try and control the downloads. have the users with smart phones are streaming a little les lessn that are doing downloads.
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stuart: i just have to figure out how to use this thing properly. nicole: details. stuart: thanks, nicole. we appreciate it. time is money. he is 30 seconds worth of headlines. microsoft xbox one highly anticipated sci-fi combat videogame released today. the company hopes the release will boost consul sales. so for the playstation for has been outselling the xbox one. the chairman wants to buy up t-mobile. if a deal happens, it would combine the number three and number four wireless companies. an app that can tell you how you are feeling. speak into your smart phone and 20 seconds later it gives you an emotional analysis. i bet you cannot wait for that one. not a good sign for the millennial generation. 18% of people ages 18-25, only 18% of them, less than one in
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five can answer for or five basic financial questions correctly. what do they ask? jennifer is here, you have the questions, you're going to post those questions to me. >> i am putting you on the hot seat. stuart: if i get them wrong i am really up a creek. >> i want the emotional monitor thing, i want everybody feeling really good about this lineup. >> suppose you have $100 in a savings account earning 2% interest, after five years how much money would you happen that account? stuart: multiple answers? >> more than $102, exactly one or $2, less than $102? stuart: more than $102. >> you got it right. number to come much in the interest rate and a savings
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account is 1% per year and inflation is 2% per year. after one year with the money in the account climb more than it does today, exactly the same or less? stuart: it is less. >> you are doing pretty well. he went to a good school or mom and dad helped you out along the way. number three, if interest rates rise, what will typically happen to bond prices? if interest rates rise, what will typically happen to bond prices? stuart: that will be the tough one for a lot of people. interest rates rise, bond prices fall. when i was 18, 19, 25, i didn't know that. >> it tricks people all the time. number four, true or false, stuart, a 15 year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less. stuart: correct.
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>> good job. stuart: that is relatively easy. >> last one, buying a single company stock usually provides a safe return than a stock mutual. stuart: safety comes in a basket of stocks. mutual fund would be safer than buying microsoft, which is what i did all those years ago. i however, when i was that age and not so sure would have gotten four out of five. might have gotten three out of five. youngsters don't understand. charles: we should be fair to millennials. >> the older folks are doing better but millennials are stressed about debt and here is the interesting thing. they are financially satisfied as the boomers.
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stuart: i give these folks credit. i don't think i i would have gotten four out of five when i was 20 years old. i might have gotten two out of three. >> it is interesting, another thing came out that said 11 states have received financial literacy because we are not teaching that. charles: how do we get that changed? there seem to be a couple of states mandate kids learn this in school. >> i feel it should be incorporated in l.a. relevant for people, not just talking about it. it is so great you bring kids together incorporating it in their daily lives and doing real things. i was teaching my four-year-old money at two and a half. stuart: for me it was cleanse. that was interesting.
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i'm glad i got them all right. and all night talk upon by the senate of global warming. how does glover norquist think about that? he is next.
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stuart: you know, stocks are pretty flat this morning. something about the price of gold hitting real steady. that is where we are right now. know the greek yogurt, looks like everybody is into it these days. the comp he wants to sell a state that values the whole thing. 2.5 billion. this is a relatively new company, it has a lot of competition, so i am wondering about a valuation, but your angle is the american dream. charles: the u.s. market for
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greek yogurt over 7 billion in 2012. and they created this. he is from turkey. there it is. he came over here, his mother used to make yogurt from scratch, because it's disgusting. it was watery, an opportunity came for him to buy a plant from craft. $1 million that did about 2 million in sales, didn't make any money. he didn't know what to do, told thehim to apply for a loan, he t a small business, spent two days with the business plan, but 10% of his own money, it took two years to retrofit this place, he brought over a master yogurt maker and a $1 million investment and will value it at 2.5 billion right now. stuart: that is nine years ago. charles: somebody from turkey
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who was here. he revitalized the community, brought together whole industry by himself, the american dream lives and i keep telling people people not born here can see it better than anybody else born here. stuart: his name is-- charles: you told me to say with confidence and everybody will believe you. stuart: 30 democrats ended there all night talkathon. this was essentially a publicity stunt to push for a carbon tax. we have grover norquist with us. i know exactly what you think of the carbon tax, so don't tell it to sharply. just for a second let's assume they got a carbon tax, they get what they want, what with that due to america? tell us.
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>> make us uncompetitive in the world. all energy and everything that has energy in it, pricing is out of the market. it would be more difficult to compete. stuart: you think there is any chance a carbon tax, do you think there's any chance eventually we will get there? >> i don't believe so. if the democrats were to capture the house of representatives in the next election, we will have a carbon tax. as long as republicans hold the house and if republicans take the senate it is even more certain. no, they will not be a carbon tax. what we just went through was a 15-hour fundraising effort. this was cooked up at one of his come his promise to give $100 million to democrats to promote his global warming
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series, and this was to make him happy. for the 15 hours the democrats talked, they got $6 million per hour. stuart: it is an irresistible pot of gold for any government. not just democrats, a lot of governments would really like the idea of a carbon tax because you can take money off of just about anybody everywhere and it is easy to collect, just a cash cow. you have to believe it is attractive. >> it is certainly attracted to politicians who want to spend more money. it woul to be toward the value-d tax because as soon as you have a carbon tax which the industry which the folks who did not want it in their industry will turn around instead of a 10% tax on energy why do we have a 5% tax on everything and then 5% would grow as it has in europe 10, 15,
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20% value-added tax. stuart: let's not forget our colleague once said the best form of raising money would be a gas tax. he approved of it. how about that? you have 10 seconds, good don't be too nasty to charles. >> bad economics, bad policy, bad thinking. other than that, an interesting idea. stuart: you've used that line before, i know you've used that line before. >> he missed one here, everybody does. stuart: good stuff, appreciate it. check this out, more geewhiz on "varney & company." one of the best ping-pong players going up against a robot. the robot built by chinese company eventually lost the match 11-9. more on "varney" coming up.
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stuart: president obama peering in a funny or die video.
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this plays into the crevice of ed klein's book "the amateur" about the president. yesterday he had more words to describe president obama. >> i think we can add two more adjectives about immature, somebody who things because they want something they should get it and that certainly describes obama. he things he should get certain things but he doesn't work for them, he doesn't reach out for them. and then there is a delusional president. this president has shown some signs of delusion. stuart: kind of harsh words but we as asked if he thought the president actions were amateurish. we got a few responses. obama looks just like an aflac commercial, a lame duck hawking insurance. this one saying i call him an amateur for hundreds of reasons. shameless nonpresidential approach.
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yes, an amateur for name that% of actions and policies we welcome all and all comments especially if you disagree with me. it might just fly well i might say. but a couple of hall of fame shortstop this program in recent weeks and we asked to name the best short stock of all time. here is what they told us yesterday. who is the greatest shortstop of them all? don't be modest, go ahead. >> i wish i could be ozzie smith, so i will say ozzie smith. the greatest compliment in my time. i was able to have similar success as him being a taller, bigger guy but ozzie smith would be my guy. stuart: we asked ozzie smith the same question last month, here's what he said. stuart: can he be objective, who is the greatest shortstop of al time, he would say derek jeter,
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wouldn't you? >> well, probably. i would probably say it is a matter of opinion. stuart: ozzie smith is a gentleman. i think he is a great guy. we're awaiting derek jeter to weigh in on this program. you never know. charles: i think he will come on. stuart: we should ask him. cannot call it government motors anymore. why gm took so long to respond to and ignition switch defect. the stock has been down. green mountain coffee roasters changed its name to kuerig green mountain. charles: probably 20 million people in this country who bought a kuerig and never knew it was public because it was always called green mountain.
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stuart: our producer bought the stock on your recommendation. charles: that is why i am still on this show. stuart: do you think your doctor should know if you own a gun? president obama's nominee for surgeon general wants you to have that conversation in the examination room. the judge is next.
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so ally bank really has no hthat's right, no hidd fees.nts? it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. stuart: remember when we put jcpenney up there? now citigroup says buymac that thing. $9 per share. the predawn deathwatch at five, right? first tim cook, now it is richard branson. he chimed in saying "they should get out of our way."
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now they've released 7 million metric ton of carbon dioxide over the years. sandra smith has joined us. what do you say to this two top executives saying don't buy my products if you are a denier, fly my airline. do you think that could be a good move on their part? >sandra: a lot of times they kep their emotions or personal beliefs aside and they buy it on the finances of the company. now richard branson tim cook are saying not so fast. you should be thinking but these kind of things. in fact richard branson say more companies should follow what apple is doing. but i got all worked up looking at richard branson's footprint. let's tape omak kee keep in mins preaching more businesses should be green has more than five states and homes across the globe which he does not fly
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commercially. he has multiple private jets, sometimes maybe only one flying on that jet. many cars when he gets to those destinations, so his footprint is huge that might look a little bit hypocritical to hear him talk like this. stuart: there is a movement called conscious capitalism that poses a great threat because you have all of these big guys saying avocados are going to go out, whole food is on the bandwagon. what they are ultimately trying to do, get corporations to do things that are not in the shareholders best interest in this is using the guilt trip matter how hypocritical it is. stuart: the market making no news for us. the dow up 10 points. not much, is it? the market not making a news but we have news for you.
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president obama's top pick for surgeon general taking on gun control. calling guns a public health threat, he wants to require your doctor to ask you have you got a gun. judge andrew napolitano is here, and i know what he is going to say. >> the job of the surgeon general is to educate the public about public health, arguably one of the reasons i would've cut back on tobacco is because of what they did in the reagan years two generations ago. this nominee will broaden that base, will expand that obligation by saying guns are public health issue. the problem is guns are fundamental issue under the constitution, it is fundamental, the government cannot take it away unless you individually do something wrong. you have no obligation to talk about it.
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stuart: one of our producers went and filled out a form and the question was asked. is that unconstitutional to ask the question? you don't have to answer it. >> it is intimidating because people think they have to answer it. this one of the government's business, when i question the people asking me, and i knew them, a facility i am familiar with them and they with me they said we were chuckling because we were wondering how you would respond. we are required to ask it. you know i am required not to answer. they said yes. i said do you tell other patients they are not required to answer? no, we don't. this is the government rearing its nose where it doesn't belong. stuart: hold on a second. if a gun is in a household in one of the members of that household is how we should say unstable or taking some sort of a drug-free mental condition, doesn't the doctor have the
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obligation to know about that unstable person in a household? >> he did say the same thing about a steak knife. it is none of the doctors business. again, what this nominee wants to do is to compel doctors to pass this, not suggest they should know what. stuart: come on, you could prevent death. >> it is better for doctors to know more than less. but that has to be voluntary. when the government compels it is putting its nose where it doesn't belong. it will compel the doctor to ask. at the present time it cannot compel us to answer. that could come at some point in the future when the questions are not answered. i do not know what the penalty would be because doctors are licensed by states, but they will find some way of reporting
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a doctor refuses to answer another constitutional crisis, which we don't need to. stuart: did you know there are four subjects you may not talk about with the queen of england. , politics, your doctor and religion. charles: what else are you going to talk about? nice meeting you. stuart: you can talk about your commute. in england the weather changes every 10 minutes. that is a wonderful subject. >> is it ever rain on windsor castle? stuart: always but does not set on the british castle. never drink until the sun has gone below. [laughter] stuart: thank you very much. last week in this program and one guest who said rich people
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stuart: all right, everybody, let's get at it. american eagle outfitters. disappointing forecast, company says severe weather hurt them. share price down 5%. urban outfitters, sales fell short. that is a no-no in the business. target, they are being sued by swatch. claiming target illegally sell products that targeted there is. target has no response. around 60.51. this from the "l.a. times," the porting apple is pressuring major record labels to offer new music release exclusively through itunes. they want to music first. apple stock is up $6. next, disney dropping a billion dollars on experiment with technology. it is coming up. stay there. ♪
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no two people have the same financial goals. pnc investments works with you to understand yours
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and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ stuart: disney dropped a billion dollars on experiment took crowd tracking technology called "my magic plus." there given special bracelets with a chip in them allowing them to use the mets tickets to the park. even pay for your meal just by waving her hand around with a bracelet on it. the stock going to all-time highs recently down a fraction today but 81. nicole, do you build your own burger at mcdonald's?
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why am i ask that question? go. nicole: mcdonald's is doing better today. if you mcdonald's was flipping but today adding positive 20 dow points to the dow jones industrial on a presentation by the chief financial officer where he is reiterating the company's push to stabilize the u.s. operation, also abroad as well. they have had some weaker same-store sales. they everybody is loving mcdonald's. stuart: that is good. thank you, nicole. right now we are joined by steve siegel. the author of "how rich people think." several topics, let's start with this one. on this program recently somebody said the rich having made a lot of my master the stock market and maybe some money in the housing market the rich have an obligation to spend that might help the economy and
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you say? >> why? these people did not make money robbing banks, they solve problems. do people want their problems solved or not? they will have to look to the innovators, the job producers, creators. there they go somewhere else, who will solve the problems? no obligation whatsoever? splash at around a little bit for the benefit of all. >> good p.r. but obligation? i don't think so. charles: we all agree. >> some of the rich people are the most philanthropic. more you require them to spend takes away from those philanthropic efforts.
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stuart: luxury goods, they are getting more expensive and rich people appear to be buying less of them. what do you say to that? >> it is funny, i was at the oscars last week and you see the jewelry, but it is all on loan. loan from the jewelry store. i don't think they mind paying a sufficient price. and a little bit overpriced. but when a hand they cost grand, come on, these people are not stupid just because they are rich. we have a movie deal pending swear walk the red carpet with harrison ford paying out with some of the movie stars. stuart: you must be rich. >> i am small business. you guys are wall street rich. i don't make any big claims. charles: i want know you got one of those $80,000 swag bags.
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>> i shop at marshall's. you didn't get one? i am not that rich. but you guys probably would have. well under 50 million, yes. i'm going to go back to remote. >> the producer says stop. affluenza, a young man kills for four people in a drunk driving episode, his parents are very wealthy and his defense is i am so rich i don't know right from wrong because i have been coddled all my life. you look at the rich, what do you think of that line of defense? >> i think it is ridiculous, but i would say the entitlement of not the people who made the money but the kids, the grandkids, i've seen some of that over the last 30 years and there is an entitlement, some of them are really screwed up. stuart: a girl in new jersey suing her parents because they
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won't pay for school. this is madness, it really is madness. >> don't give your kids money if you are rich. >> people make their own decisions especially at the age of 16. stuart: don't you think the rich could use some good p.r.? don't you think that would be good westmark >> the rich are already paying over half the taxis in the united states of america. they are already paying their fair share. i am sorry, so that interview and i sat there watching the television screen and i wanted, i won't actually. i wanted to jump through the tv, let me put it that way. charles: rich people do spend money. but if you go on a trip with louis vuitton, looking like a soccer. i don't mind buying nice things. >> i got this at marshall's on
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sale. stuart: 3d systems, a charles payne pick called out like and to glorified plato. he said it. it's a growing trend in business: do more with less with ss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind.
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and his new boss told him two ings -- cook what you love, and save your money. joe doesn't know it yet, t he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game om the great northwest he'll stt investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, ich isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no 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: ladies and gentlemen, having a fight with my producer. i producer says the following story is interesting. i think it is boring. you be the judge. check the share price of men's warehouse and joseph a bank. both are hitting new highs on reports men's warehouse is close to a deal to buy joseph a bank. they have been going backwards and forward for months on this one. looks like they might be close. the 25th time they might be close. was that warring or was that dynamic? we are all over 3d printing. call down a little bit. charles suggested each of the stocks many times. 3d systems, we cover them all. listen to what our parents gift
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set about 3d systems yesterday. >> that company makes machines, makes little figurines, jewelry, it is a glorified plato factory. stuart: recommended by charles payne. your rebuttal? charles: it is a playdough factory that will end up revolutionizing the industrial world at some point. it really will. you can argue the stocks got ahead of themselves little bit, but the stock has already pulled back, they should have been critiquing three or four months ago. i think they are bonds. we are already in 3d systems. it did get a buy recommendation. stuart: that is boring. new at noon, much more on the comedy video the president made. is this how the president and
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chief should be acting? we will ask the author of "hollywood hypocrites." a big deal in tech these days. we have somebody who was there. a list of all the good stuff that came out of it. back in two minutes. impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global ecomy. it's just one reon over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and eenses to read and consider carefully before investing.
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stuart: yes, there is news the food stamp cut are not cut at all. climate change at the senate pulling an all nighter? and look at this, personalize cancer treatments specific to you. a step forward in the approval process. we are one of the top guys in the company doing it. president obama goes down market in his push for obamacare but is it presidential or is it anyway for the president to get the word out there? wait until you see what she has brought with her. it would also deal a stock market today.
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♪ stuart: now the stock market on tuesday morning, it is at 12 noon today. not much movement as of this morning. the market is not the news of the day, down a mere 18 points. we will start with big money in medicine. a small u.s. biotech company, i think i have got that right. we have mentioned them several times on the program. receive special clearance for their spear mental program in germany. the stock is very small cap jumping 36% on that news. senior vice president at northwest biopharmaceuticals. very good to see you again. >> good to be here again.
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stuart: as i understand it, you take someone's cancerous tumor, you look at it closely, you take it out, look at it closely and you structure a drug, a drug treatment to apply to that specific tumor, your personal treatment for your personal tour, is that accurate? >> that is accurate with a following slight adjustment. what we really do is reinvigorate one's immune system to attack one's cancer. when we take the tumor out or we also have a drug that is a direct injection, when we relate to the biomarkers and routines in the tumor, we are then taking the cells out of your body and they are the master of your entire immune system, and so by exposing the biomarkers that we breakout from the tumor tissue
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to the lab were inside your body, we basically tell your immune system to go after your cancer and nothing else instead of getting poison which is what chemo does, this only targets, and we're getting on average years of additional life. stuart: you're pointing the way for my immune system to go get that thing. here is where it is, here' herew you kill this thing. >> and only that thing. stuart: you got permission to germany to go forward with what part of this process? is this a really big deal? >> this is really a breakthrough because first and foremost what is going to happen is we are in a position to make available this drug to people outside the setting of a clinical trial. you cannot do that here yet. stuart: ordinary people in germany can get this?
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>> under a special program which says if you have an experimental drug, and the regulator decides it looks safe and effective and the doctors concur with that, they are allowed outside the clinical trials to provide that drug because it will not hurt anything and it might help you. >> i'm sorry we are out of time, this is an exciting development in an exciting field. they give for coming in and talking to our viewers because a lot of people want to know about this. >> we are glad to be one of the leaders making this happen. stuart: macy's new high? an upgrade from wells fargo, 59 verging on 60. higher profits, disappointing forecast at dick's sporting go good, but where did that come from? why give a disappointing forecast and it moves up 3%? we keep an eye on jcpenney.
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we once put this thing on deathwatch. look at it go, $9 plus. >> and a huge move. 9% for jcpenney. so much concern of liquidity for this company and citigroup out today, $11 price target. they think sales will continue to grow. their comp sales have improved and yes, they are loving it. contrary to what some of the other analysts have said. jcpenney doing great. stuart: win some lose some. check the big board, hate to say not much going on because things change so fast but the market's not doing very much, charles, so what attracts your attention? charles: hydrogen, all of these. i asked people to take profits. hydrogen fuel. last week i had it on this show.
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you have to take some. up 4000% in the last year. i am starting to see a whole lot of other names. you have light volume, a little anti-climatic after the jobs number. they're anxious, they might pull back a little bit because not a lot of movement. stuart: i want those geewhiz stocks. another edition of amateur hour from the president, this time he appeared on a spoof talkshow with actor zach galifianakis to promote obamacare. listen to this. >> have you heard of the formal cataract which mark >> i heard about that, while you be the guy that created the zune to make the website? >> healthcare.gov works great now. millions of americans have gotten health insurance plans and what we want is for people to know that you can get affordable health care. stuart: hollywood hypocrites
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author is here. all right, jason, this is intriguing because many of our viewers think the president has gone down market here. too far down market the commander in chief of the united states. other people say this is how you get the word out in a modern society. you do this kind of thing, you get your feet dirty with the people. what do you say? >> i generally agree this is a campaign tactic, that is why he is having an interview with zach galifianakis or jimmy fallon hanging out with other celebrities because they need to attract young people to enroll in the government health care plan that young people don't want and they don't need. i don't begrudge the president to do that, however it should be concerning to us that every week it seems barack obama has turned the white house into a party house.
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he seems to generally love hanging out with celebrities rather than actually governing regardless of the world. or here at home. he said when he retires he wants to anchor a show on sportscenter. it seems overall he is way more concerned with his celebrity and hollywood buddies than he is in governing the country. stuart: he will be filling out his bracket in a week. i feel a bit like an old fogey. what are they doing on this youtube thing. that is my problem here. i have no problem with people getting the message out in new ways that go right to young people who need to hear the message. you have a new video out, i know you do, it came out this morning. i am calling it an ambush. listen to this for a second. speaker of the formal cataract is a so affordable, what is white house keep delaying it without congressional approval?
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don't you think you should exempt individuals if you're going to cut business? have a nice day. i would ask you about your promise to lower health care premiums by $2500, but that is just mean at this point. stuart: that is your thing, you create videos that this to market your politics. it is "the ambush," but that is how you disseminate your politics and your approach to politics, right? >> partly yes, in other ways as well, but let's not forget mike wallace made his name on "60 minutes" for pioneering these kind of confrontational interviews. we need more journalists were
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going to shatter this to core him and bust this relationship between politicians and d.c. media because politicians are allowed to get away with whatever the heck they want. here is a congressman who is fine with the president regardless of whether you agree with the health care law or not, the president has usurp congress and is not thinking their input and changing this law unilaterally s rather than answr the question you have the congressman who is hanging strange melodies to himself. stuart: you did this with chuck schumer, i think the former new york mayor mike bloomberg. do you do this with conservatives, republicans? would you ambush ted cruz, for example? >> if there was something worth exploring in a story, sure. but generally especially in this town, it is controlled a left-wing worldview and you have the media in general who is
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targeting conservatives and ted cruz and mike lee and rand paul on a daily basis. nothing new to target a conservative politician but we have a class that seeks to overall through their tepid and embarrassing reporting politicians aggrandize power and really the people who they are supposed to be looking after. the media is complicit in this rule, so while republicans should be put on notice and blast as well, you have the mainstream reporters who do that all the time. stuart: you got it. always good to see you. curious about a stock? we told you to tweet us using hashtag "ask payne." you asked about it, tell us about it. charles: boone pickens was on air today, thought it was a good one.
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here is the deal, stocks making a nice move today, a nice move yesterday. liquid natural gas, compressed natural gas, this company makes engines that make it possible. they have a lot of ford trucks on the road making engines. it is the exact inverse of tesla. 19,000 natural gas vehicle vehid versus 22,000 tesla. the exact opposite elon musk running the company and they don't get all the profits. because it has been such a disaster i am cautious on it. if some is willing to hold us over two or three years, they will make a whole lot of money. it is one of those names, i had them hanging around, all they said and i am up 400, 500%. trying to pick the bottom is tough. stuart: it sounds like a good thing to me. you're now going to make us some money. it is twitter? charles: i don't like people to
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ask me for microsoft or ibm, i like to find a little nuggets. but this has come down so much well facebook has gone up i like the risk-reward on it, the street is looking for $0.21. i think it breaks out through 56.5 in north of 60 i would be looking to cash out. stuart: after the break, a guest who will tell us what she things is the next big thing in tech, after this.
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iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no 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: a new app claims to be able to identify how you are feeling just by listening to your voice. lauren simonetti is here and she has the app.
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>> i just downloaded it. i have to talk into the mic for 20 seconds. all these companies in this software security are coming from israel. okay. i am talking. i am talking. okay. i am hostile. that is my mood based on the technology. their verbal technology. this is just a fun element of how to use this technology. if they can prove that there is something to it, this could be great for a lot of industries. stuart: i think that this is for teenagers. >> you do not think i am hostile? stuart: who cares if it works or not. if it is accurate or not. teenagers have a blast with this. >> okay. stuart: lauren, they give very much, indeed. do not be hostile.
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what's app. facebook just dropped $19 billion on it. she just got back from the south by southwest tech and music festival. i know you will show us what you think is the next big thing. first of all, what are you doing going by the south by southwest conference? >> actually, the first part is where people talk about investments. you can understand the next trend. stuart: they all did together. okay. your job is to go and figure out what is the next big thing. probably buy it or invest in it.
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what did you find? what is your next big thing? >> basically, a lot was going on at south by southwest. do you work out? don: no. >> if you were to work out, there would be wearables. things you can take with you. you can kind of optimizing your life with this. stuart: there are all kinds of wearable, body watching things. is there one item that you saw, this is big, this is new, i want it. >> absolutely. it looks like a little gem. a little stone. it tells you your activity and how many steps you took, how the calories you burned.
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the brilliant thing is it makes it look good. stuart: it is a piece of jewelry. >> pretty much. it basically helps you understand your blood pressure and/or temperature. all of these things you can carry with you and optimize your life on a daily basis. they are the next thing. stuart: wearable computing power. it is very interesting. thank you very much for joining us. i do apologize for the delay. thank you for being here. we appreciate it. >> thank you. stuart: up next, my take on the sage grouse and the prairie chicken. why those two birds may damage america. ♪
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stuart: mcdonald's is essentially a reinvention story.
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right now they are trying to expand their build their own burger concept. the reinvention seems to be working to a point. not a bad game there. so much for deathwatch. putting jcpenney on deathwatch when it was a $5 share. we are focusing on the business of online commerce. we do it all the time. next a website. they feature cool stuff invented by real entrepreneurs. we have some of it inside the studio for you. the left, they hate the cold brothers so much. ♪ stuart: if it was not so tragic, if it was not such a policy disaster for america, this would be funny. straight out of the realm of "you have to be kidding me. it is proposed that these birds entered the endangered species list. it will be a decision this
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month. it is highly likely that both parents will make the list. then the lunacy begins. they range over more than 50 billion acres of federal and private land. so much for being endangered. all across 11 western states. consider this. as an endangered word, they are entitled to a 4-mile buffer zone around each and every nesting ground. they build a nest near you and your property may take a big hit. there aren't land use rules that will apply to the sage grass in prairie chicken. say goodbye to any oil drilling. then there are the lawsuits. environmentalists will launch lawsuits. the friendly obama government will negotiate and settle on terms very favorable to the environmental allies.
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it is hard to believe that this is really happening. we may be talking about yet another roadblock. i've always been amazed at the ability of a very small but well-funded group to get their way using the court system. that is what is happening. the sage grass. the prairie chicken. their interests are apparently far more important. basically it is amazing it has come to this. it's a growing trend in business: do more with less with ss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees.
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that's a trend we can all get behind.
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hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. how did edward jones get so big? t me just put this away. ♪
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could you teach our kids that trick? [ male announcer ] by not acting that way. it's how edward jones makes sense of investing. stuart: it is highly anticipated. the xbox one games. it came out today. the first must have game for microsoft's new console. lauren, how good is it? is it a big winner? >> microsoft hope so. they have a problem right now. the playstation4 is killing them in terms of sales. ps for is the top selling console as we speak. microsoft need something and they need something that. the opening weekend for a game is huge. if you compare the opening weekend, it is the sum of three summer hollywood blockbusters.
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that is how big this week could be for microsoft. we are hoping a it changes the type for them. the xbox one, by the way, is $500. stuart: i have always been amazed by the amount of money involved. just for a videogame. >> it looks like the stocks, the day after their console was launched, both stocks are basically flat after selling millions of these devices. stuart: good stuff. thank you. maybe it is a sign that liberals are running out of good ideas. lawmakers protested the expansion of new york presbyterian hospital. why would they do that? elizabeth macdonald is here.
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how do you protest a gift of $100 million to a hospital? liz: this is more incoherent. a city councilman actually engaged in that. stuart: wait a minute. a city councilman that represents that area objects to a gift to a hospital? he rejected a $100 million gift? liz: yes. here is why it is so absurd. these hospitals are under duress. they are loaded down with debt. they are in trouble. for the cold brothers to step in and give money that will help the poor, then you have a negative reaction, they are also going to the apartments as well. they are chanting the typical
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slogan. how do you help the poor by protesting $100 million? i do not get it. stuart: it is exasperating. outrageous. thank you very much. we are taking a very special look at the retailers on "varney & company." an online retailer. specializing in helping small independent companies launch their products. we have the ceo with us now. it is a website where you launch ideas to entrepreneurs. >> we call it a product launch platform. stuart: you look all over the place. >> yes. communities look all over the place for us.
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we launch those at the video store at noon eastern standard time. stuart: did you say that you release all of that, the new stuff that comes on board at like 12 noon eastern time? >> yes. stuart: you brought some stuff with you which is highly unusual. i want to start with this. >> this is an invention. let's see, 157 million americans this is the majority. stuart: define makers. >> 3 d printing. rapid prototyping.
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it has democratized the products and turn them into a business. that is what we are working on. stuart: you are looking for products that aren't easily wrapped up onto your website. >> yes. if you have a new product, you have two choices. the big, pa big company, hope for lucky breaks stuart: you could sell your product to a major corporation. >> you can. stuart: you sell them. >> and irish inventor. she lives in london. what we do is we see the future and we help create it. stuart: my little hand here. that is the air dry putty. this is a recharger.
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it got frayed here. you put the air dry putty around it. you thought that was a good idea. you put it on your website. you sell it for the lady out of london. >> yes. stuart: you take a piece of it? >> we sell it. we have the data from the sale and the social interaction. stuart: it cost 10 bucks, whatever it is, you don't get a piece of the $10? >> of course we do. i am a business. stuart: well, they don't hide the truth for heaven sakes. [laughter] >> of course we do. we tend to be around 50%. that is a normal retail relationship. stuart: you get 50%? >> of course. we also get the data.
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you want people to pay attention. you want media to pay attention, stuart to pay attention, retailers to pay attention. you need someone with credibility. we have five years of it. we have real data. people talk about the importance. stuart: a million people every day. >> a million and a half. stuart: everyday? >> yes. stuart: you must be worth a fortune. >> i hope i am someday. stuart: you have 1 million people. every day. looking at this at 12 noon. >> yes. stuart: that is fantastic. >> i have seen your shows before. you are fun.
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i knew you would ask that question about how much i am worth. i used to hold onto my stocks. stuart: how much do you think it is worth? what would you sell it for? if someone offered you $100 million, would you sell? >> no. stuart: no? >> no. stuart: 200 million? >> no. stuart, on. you would not just cash out? >> no. it is worth more. i want it to be a phenomenon. i want it to change the world. business can do that. stuart: the most enjoyable interview on television you have
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ever done. >> i have not done that many. stuart: it was the best. [laughter] stuart: terrific. thank you so much for joining us. though -- stocks will keep going up. it is the real halftime report. it is next. ♪ [ male announcer ] this is jowoods' first day of work. and his new boss told him two ings -- cook what you love, and save your money. joe doesn't know it yet, t he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game om the great northwest. he'll stt investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work
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to his last, ich isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities.
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cme group: how the world advances. ♪ stuart: the chairman says he wants to buy t-mobile. they can better compete with verizon and at&t. shares right now of sprint and t-mobile are up. disney got $1 billion on an experimental crowd called my magic plus. they have a special bracelet with a chip in them. just wave your little hand. disney is down. get this, colorado.
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$2 million in marijuana taxes in january. the halftime report is next. ♪
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predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources stuart: it is time. your first. you say that we have a lot
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higher to go on the stock market. >> i believe that this is the first leg of the generation. it does not mean that you will not see some steep falls here and there. i think we will probably see corrections in the first quarter. we will see rolling collections. stuart: 17,000. what do you think? >> i do not think that that is impossible. we will take a look at where we are in evaluation wise. stuart: hold on a second. scott, i am not sure what he just said. are we up? are we down? are we going higher, scott? >> yes, we will by the end of
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the year. at the end of the year, we will see 10 or 15% tacked on to the stock market. stuart: that was pretty good. moving onto individual stocks. let's start with ibm. the ceo says the company is not exiting hardware. >> their hardware size of the business. a have a billion dollar loss in 2013. that was a big swing. we're not we are not getting out of hardware just yet. ibm is feeling like 1985 all over again. they have a big consulting
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business. whether or not they can revise remains to be seen. should ibm reinvented itself? they sold their low-end service business last year for $2.3 billion. that same unit, was being shot the previous year. time is money. this cost them a lot of money. it will cost them. >> stuart, i am telling you right now, data mining will be the way forward.
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we are at the clouds now. stuart: that is interesting. thank you very much indeed. you say you are shorting the housing market. you are investing that the housing market will go down. is there a stock that you can sure to bet that housing will go down? >> you have homebuilders etf's. i think there is opportunity there because the housing market has popped for the lows of 2012. we take a look at what is happening now. things are getting out of the mortgage lending business. where will the mortgage money come? you can see the prices going higher. stuart: why should i care about a couple boring suit makers.
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nicole: i think the part that is a relief here is they are finally moving forward. men's warehouse. basic steel. 1.8 billion. both stocks are halted. both reopened. both advertise. it goes through march 19. it looks like since october. we are finally done. stuart: i could not care less. i care a little. i care because i will not have to say they will now do their due diligence. it is finally, i think, over. stuart: thank you very much nicole. hundreds of protesters marching the streets of england. one of the largest anti-frack. >> the reality check has bounced for these protesters.
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the ceo saying what is this all about? watch this. it is really taking off here. we have copyrights here. the fact that they have these protesters outside -- that is the real deal. it is costing just about half of what it is in europe. >> let me talk to you about disney for a second. bracelets tracking you while you are at the park. we will discuss it next. ♪
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>> russia strengthening its hold in ukraine. the white house talks strategy. the annexation of crimea. is it legal? we have the very latest tonight at 7:00 p.m. eastern. ♪ stuart: a new guest tracking technology called my magic plus. lauren simonetti is here. how does it work? >> it is a wearable pants. it does all of that. disney is investing $1 billion into it. they think it will pay off in the end. the ceo says over the holidays they increased their attendance to walt disney world by 3000 people per day. you can tout the benefits.
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there are critics. for the, i think the worst thing here is a takes it takes the fun out of getting lost. the spontaneity. stuart: that is a good point. i do not find it creepy. >> i do not want a goofy character coming up to anybody in my family sang happy birthday out of the blue or knowing what rest that we are eating in or where my hotel room is. >> what is disney doing with all of this information? stuart: none of you are serious. you are just giving me an argument.
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they say p&g is clearing the rain forest. what is that all about? >> a big series happening. actually broken and hung banners off of the buildings. they have done this prank before. is it effective, though? is it getting attention? yes. they are pretty affective of getting the media information. stuart: hate mail is next. ♪
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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 ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no 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.
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up. find out if your business can qualify at start-upny.com
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varney is the pri that he is, brings in grover norquist, big deal just more proof conservatives are treasonous weasels. tell us what you really think. sean had this to say about morning the on face the. how dare you comment on america? that was not a nice word we have to get rid of. john also says this about my video. could put up with 20 seconds of your sneering visage before i felt like punching the computer screen. you really are a rotten person. thank you one and all for watching. was fun. thanks for sending in all of your comments. they are appreciated. my time is the "imus in the morning" segment is over. cheryl: we like you. connell: can we say that on year? cheryl: what does that mean? stuart: going around the world for months on end they got a disease called scurvy which is
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lack of vitamin c. they discover if they put lime's on board a great source of vitamin c and give each sailor a small drink of lime juice a day no scurvy so the british saying became known as limeys. cheryl: thank you. a new word. adam: ten years, 13 deaths and 1.6 million cars recalls. lawyering the pans launching an internal investigation as congress comes questioning, live on capitol hill with the latest. cheryl: bad credit? no credit? no problem. are the mistakes of the sub prime lending pass? the only way to boost housing market, we will ask david if history is repeating itself. adam: $3 billion in new debt, pr's largest bond sale in years, time to turn around its economy. robert donahue joins us to pull back the curtain o

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