tv Varney Company FOX Business March 21, 2014 11:00am-1:01pm EDT
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good friday morning, everyone. angela merkel, germany's leader, is she says you crack and we'll buy your natural gas -- you frack and we'll buy your natural gas. what now, president obama? and how's this from the architects of obamacare? 900 -- 100 million of you will lose your employer health coverage. zeke emanuel spells it out. and the first lady arrives in beijing on a diplomatic mission, so why no press coverage? have you checked your stocks? what a great way to end the week. "varney & company" is about to begin. ♪ ♪ stuart: angela merkel, who would have thought, responding to the situation this the ukraine as vladimir putin officially signs a bill annexing crimea. merkel urges the u.s. to frack. she says europe will buy that
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shale gas if we go get it and if we allow it to be exported. remember, please, russia controls a great deal of the energy that europe uses to heat their homes. he's got europe over the proverbial barrel unless america jumps in. sandra smith is here. >> yes. stuart: so if we -- >> hello. you have an opportunity. stuart: yes, from angela merkel of all people, any european. >> that's why everyone's saying, hello, president obama, this is an enormous opportunity to become energy independent, become exporters of oil. here's the opportunity. if we were to speed up the process, we could probably do it in a few months. stuart: will he do it? that's your question. >> huge opportunity here. lots of people knock manying on his door. -- knocking on husband door. i say it's still going to take a long time -- stuart: come on, charles. >> i tell people to buy lng. it's $54 right now. >> but those export portals that
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are needed still take a lot of -- >> listen, i know the company inside and out. i called them the day they got the u.s. approval, i said can i speak to an executive? he said, everyone's drug champagne. i fell in lo right there. jimmy pays three or four times -- germany pays three or fur times more than what it costs for us. today need this. they needed it before the russian thing. but if merkel's got obama's back on this economic war against russia, he's got to get her back. stuart: right there, natural gas company right there, nice move. >> sandra smith, they take billions of dollars, and they've got to build these trains and it's so intense labor, but they've got the money. people know this is going to work. stuart: yes. don't forget the study, please -- >> right. no more studies. stuart: hold on a second, we're almost up 100 point os telephone dow. 99 -- if somebody buys something now, please -- [laughter] dow industrials have finished higher -- there we -- come on,
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come on. thank you very much, indeed. >> nasdaq is under a lot of pressure. stuart: it is. >> the biotech thing's really beginning to implode. stuart: yes. can we have a quick look at the s&p 500? that's a much broader-based indicator. that, i think, is what do can you call it, sandra, an intraday high? >> there you go. 1880 has been a level a lot of traders have been watching. stuart: it's 1881, i guess we'll take that. tiffany, we'll use this as an economic indicator of sort, a disappointing profit forecast. charles, the stock is up two points, that's 2.5 %. does that mean that the rich are spending heads money in tiffany? >> no. you can see the stock was down this morning, so was nike. they both have reversed because any analyst, when i do my analytical work, i do it in what i call constant currency. i don't care about fluctuations. when they reported themselves, the numbers were much lower. for instance, japan was out 12%, but if you took out the yen and all that stuff, it was really up 8%.
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bmw may p open more plants in this country. we saw williams sonoma's numbers. tiffany's numbers are absolutely fantastic. i still say if they ever renovate that flagship store in new york, they'll be even better. stuart: i love that store. >> that's holding them back. that's the only weak link in the whole company. >> stuart loves it. he actually goes -- stuart: straighten this man out. >> spend money when you go there. [laughter] stuart: that's getting very personal. [laughter] stuart: nike, whoa! nike down 3%. big drop. sandra, do you know the story behind the 3% drop in nike? >> i do. stuart: go. >> so the stock turned on a dime when the conference call, they beat earnings expectations, and it was great news, and nike's shares rallied. and then the conference call started, and the company was warning about next quarter and the full-year earnings forecast, and everybody was like, oh, what's going on here?
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there's concern about china. nike got very popular in china there for a while, and now this whole china store's sort of going away or getting put on the back burner, and everybody's wondering what that's going to do to sales. it is really the outlook -- stuart: it was the conference call that did it. >> by the way, the stock's still up 40% over the past year. stuart: don't put this stock up on the screen yet. i just want to describe it. it's another big name, we follow it closely. this particular stock is all about profit margins, menu selection, average check size, expansion and men you selection. so, nicole, tell me where chipotle is this morning. >> and yummy too. look at the stock. it's right now flat, but it hit a new record, all-time high. if you look at a chart over any period of time, you'll be impressed with this stock. it is up 90% in the last year alone. it was a spin-off from mcdonald's. look at it now. and somehow manages to buck the trends that we hear of so many,
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sbarro pizza files for bankruptcy, we hear mcdonald's talking about global sales dropping, you hear so many struggling, and yet chipotle's stock is unstoppable. stuart: look, it's down a buck now, but a few minutes ago it had reached $6.22. that's why we put it up. >> still selling guacamole. >> global warming. stuart: hold on, everybody. do you know what you were doing eight years ago today? well, it is the eighth anniversary of the very first tweet. it was sent out by co-founder jack dorsey eight years ago today. that's how young this huge company actual is. actually is. today, of all things, we're following developments in turkey where the prime minister over there, he's pulled the plug on twitter throughout that country. his opponents have been using twitter to talk about corruption within his, the prime minister's, inner circle. charles, he pulls the plug on the entire operation throughout the country, that shows me the power of social networks. >> oh, there's no doubt about it. we saw the same thing in egypt,
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in sur ya. but -- syria. but i've always said in china, for instance, the next real revolution will come via the internet, and it's going to happen all around the world. stuart: you can't really shut them up, can you? >> we're surrendering control of the internet. >> well, that's a different story. kind of a sad story too, i think. stuart: just wait until the united nations gets op twitter. it's been almost three years since steve jobs passed, and apple still trying to show that it can be just as innovative and exciting as it was when he was alive. we're joined now by the author of the new book "haunted empire: apple after steve jobs." welcome to the program. >> thank you. stuart: now, your book says that apple has not emerged as the great innovator that it was. is that correct? >> yes. well, i think that's -- there's still time, but it's struggling now. stuart: okay. they've just not come up with the kind of new products that steve jobs introduced year after year after year, is that it?
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>> well, there's that, but i think apple's also suffering from a perception issue. steve jobs embodiesed, you know -- embodied, you know, not just vision, but be he also had this power of persuasion that was just magical, and so even when things weren't happening, he had this ability to persuade people that there were exciting things to come and the things working on today are exciting. and i think without him apple's less convincing. stuart: is your book an implicit criticism of tim cook? are you basically saying tim cook cannot and does not measure up to steve jobs, the innovator and great leader? >> well, that's a loaded question. [laughter] stuart: no, it's a fair question. you must have come to a decision in your book. you must have said one way or the other. >> you know, i look at it differently. i think that apple itself is in a really challenging time when it has soon in this huge growth. it's turned into this megacompany that dominates the industry. everybody's chasing them. and -- >> but everyone's catching them.
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>> well -- >> the point is maybe they're catching them because tim cook is like larry holmes tmmad ali. -- jobs wanted to win everything. tim cook doesn't mind losing here or there, he doesn't mind ceding the company's goals -- stuart: charles is asking my question again, is your book an implicit criticism of tim cook? >> no. no, it's not. i'm just saying he's a very different leader than steve, and so he, you know, it's -- apple's in a challenging position right now, and even if steve was around, apple would have had these challenges. not having him around makes things difficult. but, you know, apple could d is still a very successful company, right? stuart: sure. >> tim cook is an excellent businessman. stuart: we don't know him. nobody knows -- well, not nobody, but very few people know much about tim cook. i don't know anything about his perm life.
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i'm told that he very much keeps to himself. he's a workaholic, that's all he does, work, work, work, work, work, and he's big on numbers, and he's very intimidating in meetings. that's what i've heard about him. have you interviewed him? >> i've spoken to him in the past. stuart: okay. and what's he like? >> you know, honestly, i have done the deepest dive that anybody has. i've been to his hometown in alabama, talked to his teachers, and i still don't foe him. know him. he is so, you know, he's a mystery wrapped up in an enigma. stuart: he keeps everybody at arm's length. he doesn't want anybody to know him. >> yeah. i think you do see a little bit of that when he's out there talking. steve was all emotion. stuart: yeah. >> and so there's something appealing about that. stuart: this guy's not. >> and he holds something back of himself. stuart: let me ask you one last question, i don't know whether you can answer it or whether you're willing to answer it or not. >> okay. stuart: would you buy apple stock today at $530 a share? >> i can't answer that, but i'm on a reporter's salary.
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[laughter] stuart: the book is called "haunted empire: apple after steve jobs." thanks very much for joining us. >> thank you. stuart: all right. two dow stocks, one upgrade, one downgrade. both from goldman sachs. first up is boeing, cut to neutral. the stock is down 10% this year, down just a fraction more right now, 123 on boeing. you know, charles, i'd buy that thing if i could. i like boeing, but that's another story. >> you held microsoft for how many years? [laughter] stuart: very funny. we're going to check microsoft to see if we've got some more good news. united technology raise today a buy, again, this is by goldman. shares flat this year, up today 1%, 115. another obamacare bombshell. this time comes from straight from one of the architects of the law, zeke emanuel. and it will, fundamentally, change the way you get health insurance. kiss your plan good-bye. that's what he says. the judge is next on that.
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stuart: oh, come on, everybody, stand up and cheer. isn't in the way you like to -- isn't in the way you like to end up a friday? if you don't like that, what would please you, may i ask? >> if i was short the market, i wouldn't be. [laughter] stuart: how many of you out there short the market? >> hey, you know what? i have to assume there are some. stuart: right. develop -- gotcha. where are we this morning? cow's up 108 -- dow's up 108, where is gold? gold is up. 1336. give me your outlook for gold, sandra smith. >> well, i'm not giving you my outlook, but i will tell you there's still an enormous bullish presence in this market right now. lots of calls out there for 14, $1500 gold prices. the idea here would be that gold
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is going to continue to rise along with the equity markets. that doesn't always happen. stuart: that bottom line -- >> that's right. stuart: -- is stocks. stocks, equities and stocks. >> right. stuart: and the top line is gold. >> this is more money being put to work in general. this is risk on. people are going into commodities, they're going into the stock market. sometimes we see gold moving the complete opposite direction as stocks. sometimes gold is favored when things are very uncertain. people want a safe haven and stocks are going down, but right now this is a sign that people are putting money to work, and as far as the gold stocks themselves, there's a major rally happening there. stuart: really? >> yes. gld is seeing huge inflows, a lot of the gold companies, barrett gold, abx, they're all going up 10, 20% gains. stuart: you are eating into judge napolitano's time here. he's glowering next to me. >> she can say anything she wants. [laughter] stuart: let me get to the bombshell. it's a bombshell about obamacare. zeke emanuel, he helped write
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obamacare. he says the vast majority of employer-provided health plans will disappear. you will not get insurance from your company. you will be pushed to those government-run exchanges where you will receive a taxpayer-funded subsidy. judge napolitano is here. all of this is in his book, and it's reviewed today in the "new york times." this is what his book says. 60% of americans get their health care from their employer -- >> right. stuart: in ten years it'll be maybe 20%, if that. >> it's a little scary. i think this is part prediction, part he knows what he's talking about. it's highly deceitful, deceptive, but the remedy for deception is to vote them out of office. there's no legal remedy for this. this whole thing was an enormous pulling the wool over our eyes. we now know just from this book alone -- so people know who he is, he is the brother of the chief of staff to the white house at the time obamacare was
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written. rahm e man well is now -- emanuel is now the mayor of chicago. he is also the technical medical adviser to the drafters of obamacare. he advised them on all the technical language this there. he's basically saying we pulled the wool over your eyes, it's just going to take a couple of years before it happens. stuart: he says, he spells it out. in the year 2018 there's going to be a huge new tax on those health care plans that are generous that you get from your employer. a very big new tax. it will be cheaper, he says, for employers to dump people, put them on the exchanges, pay a fine and lower their costs dramatically. >> you know -- stuart: you push them on socialized medicine, towards government care. >> well, that is a very difficult trend to reverse. but i want to share what i believe, share with you what i believe is a little bit of sunlight, and that is that the obama -- this obamacare so unpopular notwithstanding mrs. pelosi claiming it's a winner. the democrats have almost conceded that they will lose the
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senate in november. if there is a republican-elected president if 2016, because the president has delayed so much of obamacare it will be far easier for a new republican president and republican congress to undo it. if he had stuck with his guns and allowed it to start when the statute was supposed to start, it would have been more difficult to reverse it in 2017 when presumably there'll be a republican president, republican congress. stuart: but had he stuck to his guns and gone through with the original plan from day one, no delays, no sidebars, side doors, out the door -- >> he might have been written out of town. stuart: i mean, the democrats will be really ridden out of town. >> absolutely. so, you know, there's wishful thinking in dr. emanuel's statement, there's some revelations that he could never have revealed four years ago, but it's not necessarily a given. stuart: i've got another one for you, judge. the first lady, she has arrived on what i'm calling a diplomatic
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mission to china. the white house announced that she will not take any questions from reporters. again, i'm saying this is a diplomatic mission. she's going to meet -- she's meeting right there with the first lady of china. >> right. stuart: they are discussing relations right there. it's taxpayer funded but no media questions. does that raise not constitutional questions, but does it raise your hackle les? >> yes, it does raise my hackles. it does not raise constitutional questions. the supreme court has ruled she has the right to speak and the right not to speak, as does her husband. he is not required to hold press conferences. but the press should put her husband's feet to the fire about why your wife is doing this and we can't ask her any questions? mr. president, could you bring her down here the next time your in the white house press room? because we have a lot of questions for her. we don't want to ask her, we want to ask her. i hope ed henry asks that next time he confronts him. [laughter] stuart: a direct line through -- >> he's got to live and work down there, i don't. stuart: he does. but i guarantee president obama
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has said something to his wife, michelle, and that the leader of china has said something to his wife, whose name i cannot remember. and they're going to get together on this. there's a relationship being -- >> wonder what this is costing the taxpayers? do we have the slightest idea? stuart: a lot. you're happy to pay it, aren't you? >> i'm not. [laughter] there you go, varney. i finally got you to say it. stuart: it's friday. i did it for you. >> you're a fellow alumni at the london school of economics, they're going to strike you from the rolls. stuart: attention viewers, please, tonight at the brooklyn academy of music, is that right? >> yes. stuart: judge napolitano is performing in front of a packed house, more than 2,000 people. he's got a one-on-one 90 minute discussion, debate, diatribe, i guess, with justice antonin scalia. >> yes, yes. no holds barred. stuart: and no cameras, nothing like that? >> a lot of press z there but no t cameras.
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tv cameras. stuart: you versus -- >> no, no, no, it's more of an sewer i view. but you know me, i can't restrain myself. he thinks some of my views are a little loopy, but he has a thing for the london school -- >> very exciting, judge. stuart: he's right. [laughter] >> he's a brilliant scholar. stuart: great guy. thanks so much, judge. next, we reveal half the winners in round one of our tech tourney as chosen by you, the loyal viewers of "varney & company." plus, starbucks serving alcohol. you had some very interesting thoughts on this one. and an ode to the viewers is coming up. ♪ ♪ ♪ flush. ♪ ♪
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♪ stuart: maybe i'm making more of this than i should, but it seems to me that if alcohol is introduced by the world's leading coffeehouse chain, something is shifting. as the neighborhood bar retreats, it's companies like starbucks that jump in to fill the gap. now, of course -- ah, cut off in the prime there. we have got a lot of reaction on our facebook and twitter pages regarding my take yesterday on starbucks introducing alcohol. the plan is to introduce it in
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thousands of stores nationwide. here's what jane says, first of all: what does that do to the teenage crowd with laws prolibertying minors being -- prohibiting minors being allowed where alcohol is served? i don't know the answer to that question. michael adds: if coffee is $5, what would they charge for booze? $20? another good point because you do raise the question of price. master shah says: it can potentially change starbucks from a safe place to spend time to something else to be avoided. i just see it as a cultural shift, and starbucks is leading it. it is change for better or for worse. coming up next hour, bar rescue house john tatter weighs in on the starbucks alcohol issue. two of those big name stocks that are moving, security maker semantech, 52-week low. they fired its ceo, second time if two years. down it goes 13%. that news seems to be givenning
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a rifle, fireeye, a very nice boost. 69 for fire eye rise now. all week we've been showing you the matchups in our tech tourney. you voted on our facebook and twitter pages, and now it's time to reveal the winners. google advances very easily over zynga. it was a mismatch right from the get go. google will face priceline in round two. priceline won a close matchup over tesla. that's interesting. our experts like tesla, you chose priceline anyway. in the other half of that bracket, netflix advances over yahoo!, you picked netflix. many of our experts went the other way, with yahoo!. but you rule this vote, and you viewers go against some of the experts on the ibm 3-d matchups as well. ubm won -- ibm won fairly handily. we'll reveal the next half of our elite eight in the next hard hour. viral videos, a lot turn out to
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be ads posted on youtube, but it's a fraction of the price of traditional tv advertising turning the industry on its head. the man behind in the iconic ad campaign is next. >> football, $25. mouth guard, $10. >> [inaudible] >> first aid kit, $40. >> coach said you got a cut. >> what? >> getting them something they'll actually enjoy -- >> a cut, cut. >> priceless. ♪ ♪ people with hearing loss.
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at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa.
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but when we sta worrying about tomorrow, we miss out on what matters today. ♪ at axa, we offer advice and help you break down your retirement goals into small, manageable steps. ecause when you plan for tomorrow, it helps you live for today. can we help you take a small ste for advice, retirement, and life insurance, connect with axa. ellens playbook and considering a 3% tax on millionaires. tracy byrnes, one of the original people on our company many years ago when we got this going to. tell me about taxing millionaires. tax the rich, everything works if you just catch the rich. tracy: doesn't work and we are seeing small evidence of people
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leaving california, jerry brown raised taxes on millionaires in california. jersey tried this in 2011. chris christie put the cost on it. illinois doing it now. they are in dire straits. they are underfunded pension liabilities equal 240% of their actual annual revenue, 240% according to the economists. darren worse straits than connecticut, kentucky and new jersey as far as pension liabilities. errors no incentive to stay in illinois. stuart: when you are reducing the state of illinois. tracy: no reason to stay in jersey either. we will cease at happen in our state if there were a millionaire as tax. bernard: when your prediction is they leave illinois in droves. tracy: no reason to stay. stuart: they won't bring in the revenue they thought they would
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bring in. tracy: to get it? the middle class. i am not leaving you ever. stuart: olive garden would be garden restaurants, sticking with a plan to spin off the struggling chain, red lobster. they will spin it off. investors up 3%. an idea to tell you about. this is amber road, makes software to manage international trade. good flow across borders, i like the sound of that. look at that, 34%, somebody priced this wrong. that is the market, we're 116. how to end week. remember this ad? >> two hot dogs, two popcorn's, two sodas, $27. why not baseball, $50. real conversation with 11-year-old, a priceless.
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there are some things money can't buy. for everything else there is mastercard. stuart: master card original priceless commercial from 1997. guess who made that that? kevin allen and he is here, the author of the case of the missing, larry. what a pleasure to have you with us. you are behind the times. the ads that i see getting real response today by youtube viral videos like the gun perot stuff. be get millions and billions of viewers, costs virtually nothing and can target the audience they want to get to, the audience goes to look at this thing. it makes your ads even though they are brilliant utterly out of date. >> times have changed. in the days we were making this advertising we controlled everything. the fact is the shift in the
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days when we control the airwaves, maybe only a few television stations and that is where the customer opts in. the one thing that has in toward is storytelling. this has gone on since the cave man. great advertising of any kind is a powerful story. stuart: why are you using so many celebrities? you use to tell stories like the price was that, the youngster and the dad, that was a story telling moment but now you use celebrities and they tell the story by their own persona. >> it is separation between what i would say is the story and the idea and how to execute it. take weight watchers. that is a terrific use of celebrity. there's a bigger idea why she is being used, she is legitimate and credible telling the story of how she got to the success she did.
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stuart: is it successful in the fact that it is a great commercial lanes you are in the commercial business you say it is great or is it successful in pulling in viewers who will join when watchers because there's a difference? >> at the end of the day advertising isn't a hobby. the objective is to drive people to buy. at the end of the day legitimacy and authenticity is what people seek which is why on done that people are opting in, people say look at this because it is fantastic and wonderful. stuart: we both live in new jersey. do you think chris christie is a good personality to advertise the virtues of new jersey? i am putting you on the spot. >> any celebrity whether it is him or otherwise has got to be a genuine reflection of the value systems of the company. stuart: using chris christie is the genuine reflection of new jersey? so do i.
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what do you say? make a judgment. don't hedge. >> credibility is important to any celebrity. stuart: why is your book called the case of a missing customer? >> i wanted to write a book on leadership. the world doesn't need another story about jack welch, but rather a fire reach young millennial why don't i tell the story of my first managing job, the marriott airlines kitchen and to find out why the employees were throwing out the cut very. but we found out they did so because they couldn't get it clean. how did these people make me buoyant and support me as a kid who didn't know much about anything. was about emotionally intelligent leadership. stuart: did you make money from the price was that? >> mary flanagan, the retired cfo would say it is a $1 billion idea. it did well for the brand. stuart: i don't care about the brand. did it do well for you? >> we all did great. stuart: why do we always leave
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the best for last? a wonder i didn't ask you for a dollar figure. how much did you make out of the price list? you are not going to tell me. it was a pleasure. thank you. federal express blaming the retailers, fedex blamed the retailers for shipping troubles over the holidays. said they were sloppy, couldn't handle it. can they handle a demand? that is next. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead?
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it can irritate your gums. try fixodent plus gum care. it helps stop denture movement and prevents gum irritation. fixodent. and forget it. stuart: you have to call this a rally. stocks are up across the board recovering from we have seen a couple slumps recently, we are in recovery notes 16,400. blackberry might be losing its highest profile company yet. there are reports the u.s. military, overseas communication for the white house is testing android based phones, to replace the blackberry used by president obama and his white house staffers. blackberry is up 949. earnings from tiffany, a strong fourth quarter for the luxury retailer, rich people expending their money and the stock is up
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92. visa and mastercard announcing they will block transactions to 7 russian banks as a result of u.s. sanctions. check the share price of both of them one up, one down. next, online shopping. 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 to get the job done.
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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 was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ stuart: there are several new tax ideas on the big board today. looking at a-10 networks a cloud security company we are joined by ceo lee chen.
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you have a very nice game for your stock on day one. congratulations but i have to ask you what exactly is cloud security? can you tell me in 10 seconds what you do? >> it is based in milwaukee. we don't make a product you buy, a-10 makes the experience. social networking is better and faster. stuart: does it make it safer? >> yes. we also are making a product cover and security. stuart: are you profitable at the moment? >> right now we're focused on growing our top line so we continued to invest 30% in engineering to drive growth to grab the market share. stuart: that is your strategy. all the stuff the rules in you put back out into your company. you are not interested in
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reporting profits, earnings per-share. >> no. we are looking for long-term model of buying the short-term. top line growth. stuart: you are off to a great start. thanks for coming got the show. you made a lot of money today. well done. still got a rally for the dow and the 100 points. not bad at 16,400 for the dow. not a bad way to end week, 16-4. fedex blaming sloppy e retailers for all those delayed christmas deliveries, gifts not getting there in time. that it says the retailers do not have their act together. can they handle increased demand. let's ask andrea, this is an unusual situation because fedex a ups were the ones who got all
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the blame for those late deliveries and non arrival of presence will for christmas. now they are saying is you guys, you e. retailers, you are to blame. >> there has been a lot of finger-pointing. we are focused on listening to the customer. stuart: i got that. do you think it is justified to criticize the retailers for bad labeling, pour management of the transition from the producer to the shipper, badly packaged items? do you think there is any fault with the e readers? >> i don't know the particular situation where fedex is making those criticisms. certainly that is something that needs to happen quickly for the package to get they're so wherever it was is an issue. stuart: what is your first focus? >> customer and communicating with that customer where the packages.
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and not having a package and whether it is going to come. stuart: your company, your cellar, i you in a position to e-mail or communicate with a customer and tell him exactly arrive such and such a day. can you do that? >> a lot of insight into tracking. stuart: do you do it? do you call all the customers and say free:00 tomorrow afternoon. >> wherever we can we do. stuart: it will be late, you tell them? >> we try to. stuart: got to relate to the shipper. so it is not your fault, it is the shipper's fault. >> it depends on the very specific situations all i don't want to put all the blame on tax. there are situations it may be a shipper's fault or retailer's fault and communication in both directions as well as the customers we focus on. stuart: who ships for you? >> a number of different shippers depending how fast we are doing it. we work with them. stuart: thanks for joining us. it is a touchy subject.
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we appreciate it, thanks for joining us. next, a black eye for e cigarettes. kids drinking the liquid to get high. tracy byrnes response next. 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. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason 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 expenses to read and consider carefully before investing. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying
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stuart: the unintended consequences of the cigarettes, emergency room doctors are treating toddlers who ingested the cigarette liquid and teenagers who drink it on purpose to get high. tracy, i think the anti ease cigarette people will jump all over this and use it as another excuse to ban them. tracy: why haven't they banned cough syrup? kids will drink that too. i am not sure who left this around for the toddler to drink. teenagers will try everything
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they can. you got to watch them so lock the stuff up. they have reported anything major either. we will make a mountain out of a molehill. they're looking for a high. stuart: just for clarity, there is liquid inside of these things which contains nicotine. that nicotine is vaporized with in the apparatus, and in hail just the nicotine. they are drinking the liquid inside those tiny capsules. tracy: is stronger and more potent, doubled dosage doing this as well. there is a large dosage, but you don't leave it a round. stuart: got to give you other bitcoin update. the bankrupt bitcoin exchange,
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remember the claim they lost $850,000, now they say they have found some of them. 200,000 bitcoin, they were hidden in a digital wallet linked to the exchange. this is lousy pr. tracy: how do you lose them to 50,000 anything? stay in the hills away. stuart: i can't imagine putting my hard-earned dollars into a bitcoin when you have this kind of thing happening. i do not know what the future value is going to be. tracy: you are better off buying a lot of ticket. stuart: if they're cashing out drug money that is what the use of bitcoin is and in part it is you can expect authorities to
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come after you what you are a virtual currencies freed from bankers control or not? you were very short and to the point. you got an opinion. check the big board. it is coming down a little bit. we were up 120 and now we're up 187. 60,400 is holding. look at the s&p 500. this is of broader based in decatur, and only 30 in the dow. tracy: we are seeing more money coming back and varied little bit of conviction. not a lot. tracy: it is -- >> last week was dismal. liz: explosive rally on massive volume. >> you want to see people put their money in their 401(k)s and trust them. stuart: vladimir putin's power
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have another similar company and their ceo has $ in his eyes too and what would be a friday without a visit from the rescue guy on starbucks. don't worry, we haven't forgotten your money. watch the market go. tracy: petter ref starbuck 5 million people have signed up so far which is an enormous amount of people that have signed up. people less starting to of law. everyone is grateful that you did this. stuart: that was a clip from president obama's appearance on ellen. big cheers from the friendly audience and that gushing the coast just because the president got 5 million people enrolled in obamacare. this is the way the administration is selling obamacare going to venues like
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that and he is doing the right thing but it won't be very successful. tracy: is easy to sit down with people who love you. i go with my dinner at my mom's. you do this on purpose. it 5 him to sit in front of an audience of close to him and see how he handles it and what does he say and how does he hold himself against them? that is why he will go on shows like ellen. stuart: the other side of the coin is does he look presidential doing that when vladimir putin is massing troops, we hear, on the border of ukraine and you have a crisis over there, there is a juxtaposition that doesn't quite work. tracy: why can't we to girls are away and he has to walk the dog so he is trying to be everyman on one hand and on the other hand you want him to lead. stuart: how about downmarket, do you want your president ago? it strikes me as an element of desperation that he comes so far
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down market to appeal for obamacare at a time for this. he is desperate. it is march 21st, ten days to the deadline. tracy: ellen was the best he could do. stuart: was a love fest? tracy: it is always a love fest. stuart: stay with me, two ipos, amber road, they makes software that make good international borders, 32% higher on day one of its stock offering. cloud security firm, the cloud, a 10 networks and it is up 7%. this big story, germany's chancellor angela merkel says if the u.s. for racks europe will buy the natural gas. this out vladimir putin officially signing an order annexing crimea. we are joined by carly fiorinfi
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what a pleasure to have you back with us. i cannot see how president obama can refuse to locate the pipeline and export of natural gas when he has germany's chancellor angela merkel saying you produce it and we will buy it from you. >> his liberal ideology trumps everything else but this is the moment when we should declare we are going to become the global energy powerhouse of the 21st century. we have the resources, the capability, we can do it in an environmentally responsible way. not only would we support europe in a difficult time, not only would we weaken russia's economy but also weaken the economies of other actors like venezuela, iran, we would grow the economy, create jobs. this is the no-brainer.
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approve the keystone pipeline and let us export natural gas. stuart: i have a feeling we are at that moment when the fracking document wins hands down. caves on the other side. maybe i am being wildly optimistic about i think that moment has arrived and angela merkel pointed out. >> i hope so. the reason i'm still concerned that we won't do the right and obvious thing is because the truth is it is liberal ideology that has waged a war on coal which has no positive impact on global warming according to the scientists who believe in global warming look at what is happening to california, lives and livelihoods are being destroyed because of liberal ideology so i hope you are right and clearly this is the moment when the u.s. should step forward and say we are going to become the energy supplier to the world. it would help us and we and our adversaries. stuart: you are a californian.
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you made your home and your career. >> i no longer live there but i have lived there. i live in virginia and have for the last three years. i made california my home for a decade and it breaks my heart to see what is going on with farmers and families all over water and fish. stuart: i am with you all the way but is in california at that moment, such a winning thing. they got the shale gas that is under northern california. that would make an enormous difference. even california might be at the point of caving and say let's do it. >> i hope so and i do also my heart breaks when i see these hundreds of thousands of people in california protesting but i also know that for 40 years california has committed 70% of its rain water to wash out to sea because liberals said you can't build a new reservoir, you can't build a new water conveyance systems and fish matter more than families. i hope you are right and now is
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the time for people to say we have the resources, we have the capability. it is good for us here at home. it is good for our allies and as importantly it will weaken the economy of our adversaries starting with russia but also venezuela and iran. stuart: would you stay for a moment and get too a couple other each is. i am going to break away and go back to the big board, the dow jones industrial average. we're 120 earlier. we're going up 102 points earlier. i like this. semantic fires ceo second time this has happened, i believe semantics' stock is down. >> a terrible for former down 12.5%, and hit record all time highs. semantic came out with quarterly numbers and some say the ceo didn't have time to execute his
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turnaround last january. they did fire steve bennett, the second ceo, and to fire i. with charles payne, fire i've this year -- stuart: we are up 4%. a rival to -- this is a fight within the security business and semantic losing and fire i winning hands down. thank you very much indeed. smile. tech ceos meeting with president obama at the white house to discuss privacy and security concerns. among them google's eric schmidt and facebook's mark zuckerberg. your thoughts on this meeting. >> i think first facebook and google realize they face
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reputation low-risk and so they are becoming increasingly concerned. it is clear there have been disagreements over time, about what the role of companies like facebook and google should be. they should be surprised as have many americans about what is going on. i happen to be a great supporter of the intelligence community but i also know any time you have a vast bureaucracy with the enormous power things can get out of hand so we need a way of holding agencies accountable. i think mark zuckerberg and schmidt will be less impressed with obama's talk, words are cheap. what they now need to see and what they are there to say to him is we need to have a plan. we need to understand what is going on, and when they need to be thinking about is how to protect their company's's reputation which is worrying
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they're consumers and shareholders. stuart: we may be at another turning point, a political turning point because northern california and silicon valley are supportive of the president and they meet with him with complaints. thanks very much indeed. check the share price of general motors. we appear to bottom out around $30 a share. the recall of cars, a big issue for them. there is apparently no rules or regulations against selling the those used recalls cars. this is important. you recall cars, maybe fix them and then you can sell them on the open market. jeff flock found out about this story. give me the story. i don't think i explained it very well. tell me what is going on. jeff: you have. gm is not alone in this. we checked and it turns out all the recalled vehicles, 3.2 million of the mutant by the many were. there is no law against selling
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recall vehicles that has not been repaired and in fact last year according to car fax they tell us 3.5 million cars were advertised for sales that were under recall and had not been repaired and were sold. amazing stuff, pretty libertarian. stuart: i have to ask about liability. if they were sold on the secondary market as used cars and have not been fixed and the fault was known then who is liable if something goes wrong with one of those cars that was resold without being fixed? it is a liability question, isn't it? >> a major liability question. gm told us they can't control their dealers, can't tell them not to sell one of their used cars that has been recalled but they did say any dealer worth his salt would not do that because of that liability question. everybody is liable if you get into a wreck. stuart: you got this story, good stuff, well done comet is the great story. you got to pursue this because
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it could lead to knows where? jeff: i was looking for a new car, used car, that is how i came across the. we said wait a minute, these are all recall, how can they sell them. stuart: great stuff, keep us in touch. caribbean be -- air b&b, a website valued at $10 billion. that is huge. is it worth it? we will try to get to grips with the $10 billion brand new company next.
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valuation, air bnd is the home sharing website. can you believe that is worth $10 billion. the c o 0, that is a competitor to air be in the. you are cheering on air be in be, you know they are a competitor, dollar signs in their eyes when you see them worth $10 billion. what do you think you are worth? any ideas? >> publicly traded, market value is $4 billion today and there is a lot of enthusiasm for the other category. stuart: this is part of the non hotel stay business and you are in that line of business. tell me exactly what you do? we let consumers stay on vacation in a home rather than in a hotel. the average size of a house is
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1800's square feet, that compares to hotel rooms that are typically about 300. you're getting almost 6 times the space for your family or friends when you stay in a home on vacation. stuart: they come down to renting out bathroom. the one lens -- the new orleans mardi gras don't come down like that, you stick with homes i take it. >> they specialize in apartment rentals, spare bedrooms, a spare couches. home away is a dedicated vacation homes and vacation destinations, the beach and the mountains and you get the old home to yourself. stuart: how many employees do you have? >> 1500 worldwide. stuart: hold is your company? >> the company has been around since 2005 but we have acquired the leading vacation home rental some websites around world lose some of our sites have been
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around over 15 years where the market leader in all major european countries and australia and south america by virtue of those acquisitions. stuart: you are kind of part of the problems aren't you? you create a great deal of wealth, $4 million company but you only have 1500 employees. that is a sign of the times. you create wealth, technology concentrates that wealth but doesn't employ that many people. for people outside your business that is a problem. that is the problem high-tech creates in our society today. would you agree with that? >> no. look at what we do. we have 890,000 houses on our side. every one of those houses is owned by a family who is earning an income off of it. often it is the second and come they're making an average of $28,000 from the house so in some way there are families and
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donors, another 890,000 of them that are benefiting from our service. stuart: that is a fair point. you are creating business outside your employees within the organization. home away, is that the correct name? that is it? >> yes. stuart: stock symbol? >> a w a y. stuart: with $4 billion? >> yes. stuart: thanks for joining us. we are very interested in the whole line of business. come back and see us again. got to break in for breaking news from well point, the health insurer. expects double-digit rate increases for plans bought on a public exchanges next year. those are obamacare plans. well point is basing rating creases on higher medical costs and lower government payments. this is maybe good news for well point. tracy: increasing profit forecast but on the backs of the rest of us. we are going to see this more
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and more. stuart: a disaster for obamacare. this is what they pushed us into. not cutting costs for us. the amount of money on premiums, you and i spend money each month, those premiums will go up 10% according to well point. tracy: and lower payments from the government. the government is not chipping in what we thought would ship again. stuart: when you could get worse publicity for obamacare right before an election. they come along with this one. tracy: and keep going on ellen. stuart: i don't know. thanks very much. my take on obamacare, zeke emanual and how he did fundamentally change america. that is next. >> before obamacare went in we had 40 million uninsured people and the republicans had no plan to insure them. now we are offering millions of people a way to get insurance without a preexisting conditions and a way to have market competition.
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higher, this is a technical thing. apparently dodd-frank rules favored debit cards. technically that is good for a visa. up it goes. 19. look at netflix. not sure there is any specific news that it is down sharply, $11 down, $413 a share and john tapper, the stock, real star of fire rescue is back and ready to weigh in on starbucks cutting into the bar business. does he think people will buy alcohol at a coffee shop? that is starbucks plan. nancy pelosi is back. another sound bite to add her greatest hits collection, so bizarre you might be laughing all over again. we have another obamacare bond shell. with in a few years most of you will not be getting your health insurance from your employer.
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and says? one of the architects of the obamacare law. my take, 6 of 10 americans now get their health coverage from their employer. ten years from now we will be two out of 10 or less. that is 100 million people no longer covered by the company they work for. that is a revolution in the health-care business and it is spelled out, spell out, mark you, in of book by c. d. emanual, one of those deeply involved in writing the original obamacare law four years ago. big tax is coming making health coverage too expensive for employers. they will dump $100 million on to the government exchanges and many will get a taxpayer subsidy. bottom line, here comes 8 huge shift towards government care and accused wealth transfer away from middle america. emanual thinks this is one of the unintended consequences of
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the law. he thinks is great. he really wants socialized government run health care. that is what this man wants, he wanted it right from the get go but what do you think? obamacare seems a backdoor seem to bring america in line with government systems of britain or canada. you approve of that? were you told that when nancy pelosi said you have to pass it to find out what is in it? were you told? seems to me this is one more deception. if the architect of the law only reveals the true nature of the mod four years down the road we have been deliberately deceived. they really want you beholden to the government for your health care. they knew if they put it like that we would never have approved it in the first place. remember when we got into all this we were told you can keep your plan, not true, you would save money, not for comment we were told employer plans would remain the mainstay of the system. not true. it was deception pure and
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because just one 200mg cebrex a day can provide 24 hour relief for many with arthritis pain. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high bloodressure or when nsaids are taken for long periods. nsaids, like celebrex, increase the chance of serious skin or allergic reactions, or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. patients also taking aspirin and the elderly are at increased risk for stomach bleeding and ulcers. don't takeebrex if you have bleeding in the stomach or inteste, or had an asthma attack, hives, other allergies to aspirin, nsaids or sulfonamides. get help right away if you have swelling of the face or thro, or trouble breathing. tell your doctor your medical history. and ask your doctor about celebrex. for a body in motion.
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male announcer ] how could a luminous protein in jellyfis 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. stuart: another nice sound bite from former speaker, nancy pelosi. when asked about why she doesn't refer to the health care law as obamacare, this is what she had to say: >> affordable.
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it's affordable. there's a reason; affordable. affordable, affordable, affordable, affordable. the reason they changed the name of it was because they wanted to get away, the opponents, from the word "affordable." [laughter] stuart: i don't know quite what to say except that is another one of mrs. pelosi's great hits that will live forever because wellpoint just announced double-digit increases next year. affordable, charles? what's going on? >> you know, i can call myself tuneny -- [laughter] -- tiny. i can say call me tiny, okay? [laughter] i can give myself a moniker. hey, call me tiny. the obama administration calls it affordable, but it's anything but affordable. it's an unmitigated disaster. wellpoint's come out with this, other reports out. there are reports that says we're on the cusp of these costs skyrocketing. i mean, skyrocketing -- and by
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the way, you know what? here's one of the things, and because it's hard to get the official data, but unofficially they're saying only 400,000 who did not have insurance before have insurance now. that was the sales pitch where sort of a -- we're sort of a mean-spirited capitalist system, let's help these 30, 40, 50 million people. 4000,000, that is amazing. stuart: and still 30 million uninsured. >> the cbo report, there will always be 30 million. stuart: yeah. but it's affordable. don't you forget that. call me tiny. [laughter] starbucks plans to start offering beer and wine for customers after 4 p.m. in thousands of stores nationwide. i see it as the neighborhood bar retreating, starbucks jumping in to fill the social gap, so to speak. what does bar rescue host john taffeer think? you're one of our prized guests, it's great to see you again.
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>> great to be here, stuart. stuart: do you think this is going to be successful? starbucks is going to do this. after 4:00 in the afternoon, they're going to serve beer and wine in thousands of their coffee shops. do you think that will work, john? >> you know, it's a big conceptual change for the business. it turns it, in essence, into a bar. people get a little overintoxicated, they get a little joyful, there's younger people sitting next to them having coffee in what they think is a tradition altar bucks environment, i think it could have a negative consequence on their core business. stuart: but it's nothing like the kind of bar that you deal with. i think of you as rough and tough stuff, you know? you get out there, you make 'em work. i mean, you make things happen. i don't think the same way about a starbucks place that's selling, you know, coffee and wine and beer. it's just a different animal, to me. >> it is a different can animal. and, you know, starbucks is almost i call it the training ground for a bar. a lot of college students hang out in starbucks and coffee shops.
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16, 17, 18-year-olds. so they get accustomed to sitting at a small round table drinking a beverage in a group environment. it's sort of a training ground for a bar. but when you start to put alcohol in that environment, i think the dynamic changes very much from a coffee shop to more of a bar with coffee. and i'm concerned about that. again, it could have a negative consequence on the younger parts of tear core audience -- their core audience. or their family business, per se. stuart: you know what you're talking about, john, because actually i share that opinion. i'm with you on this one. but i've got to ask you about product placement on your show. our staff, huge fans of your program. we've noticed that many of the drinks that we see in the bars that you redo, bushmills, tank ray, smirnoff. you get money out of this? >> oh, the best brands in the world. i mean, think about it. tangueray, it'll be around long
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after you and i are gone, stuart. yes, we have a sponsorship arrangement in "bar rescue." i make no money from it. the television show has a sponsorship arrangement. but we use products that are not theirs as well. we use great products, legacy brands, popular bronze and the brands -- brands that are most rooted in the marketplace. stuart: brands sell. brands is important to you guys. you go into a bar, you're trying to turn this thing around. you're saying brand, you've got to have the brand up there. that's what people want. they don't want the low end stuff, they want a brand name at a reasonable price. that's part of your marketing, right? >> it is. brands spend a fortune creating a certain geographic or gender to attach to it, and there's a connection. nobody drinks something they think is uncool, lou. typically, they want to be more contemporary in the brands they attach to. stuart: i want to show a clip from your show and talk about
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how you deal with the people that you encounter. roll the tape. >> jerry took it upon himself to sell all the kitchen equipment. >> as 60% owners of the business, don't you think we deserve the right to make that decision? >> absolutely. >> stuart: i notice you often dress down these people, but eventually you treat them with respect. it occurs to me that you have made bartenders almost professionals. tsa your objective, isn't it -- that's your objective, isn't it? >> it is. i love the bar business, you know? it's the second public building ever built in america was a bar. the first was a church. but, you know, they were called public houses back then, and there were no city halls, there were no meeting rooms. bars are the fiber of our country. it's a great industry, a respectable industry, and the people that work in it are some of the hardest working in america. they workday, they work night, they're on their feet all day long. you bet i'm looking to enhance the perception of my industry.
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i love it. stuart: yeah. i notice that you're in las vegas, i can see the paris be, the eiffel tower behind you. you are a huge star. i bet you get recognition all over the place. and you, i believe, you've got something to do with the bar, a nightclub convention that's taking place in vegas right now. is that correct? >> i do. and you should be here, stuart, because it's a blast. think of this, 45,000 bar owners come to vegas for tree days at the night -- three days at the nightclub and bar convention. i'm one of the founders, 28 years ago. i run it now. it's about 750 booth withs -- booths, three days of the best parties in the world. one of our parties, stuart, will generate a million dollars in a a night. stuart: you are one of the great entrepreneurs in america today. you're a real star on television. you're a star in the bar business, and now you're running a huge convention in vegas. you really are something. thanks for joining us.
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>> thank you, stiewmplet. stuart: would you come back and do this again? we love having you. >> next time i'll get in the studio. stuart: what i like is somebody that's unapologetic about doing the job, doing it right, making money and being proud of it. we love that stuff on this program. that's you, john taffer. >> that's built our country. stuart: yes, sir, you're right again. the real halftime report is next. trouble at tiffany. google's larry page says, forget charity, i'll give my money to elon musk and tesla. and the week's tech tourney winners, after this break. ♪ ♪ [ indistinct shouting ]
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♪ ♪ stuart: take a look at a10 networks, ipo today. we talked to the ceo last hour, he said he's focusing on growing the company. big bottom line profit, the stock's up 6%. nice start. nike made money in the last quarter, but it says the strong dollar cuts into profits, and down it goes. 3% loss for nike, a big drop. goldman sachs downgrading boeing
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from buy to neutral. shares of poke down 10% this year, down a fraction today. first solar reporting strong profits early this week. ups raised its price target on the stock today. the share price is up $2, 73 there. up next, the real halftime report. we reveal the winners of the first round of our tech tourney. this is our equivalent of march madness. all about companies, technology companies. not basketball. this is our version.
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stuart: at 1:42 eastern, we bring you the real halftime report. joining us there chicago, scott, from the new york stock exchange, nicole petallides, charles payne right here. i want to start with gold. bouncing back this year compared to other investments. scott, are you buying at 1335? >> no. i think if you want to, you might get about 80 cents up to 1400 and let it go again. the two reasons i buy gold is inflation, and the way the government's looking at inflation, we don't have that, and some sort of armageddon. no armageddon, no inflation, i'm seller of gold at 1400 if it yets up there again -- gets up there again. stuart: you know, scott, it is an estate planning vehicle, and you know it well. charles payne? >> 1400 is a key number. if it goes through there, i think you've got a parabolick move. i think everyone should have some gold coins, but as far as
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chasing it for a trade, i would wait. stuart: all right. hot stocks that we're watching for you today. nicole, come on in on tiffany. why is it up? i just want to foe why it's up today -- know why it's up today. >> well, there's good news and bad news. profit forecast, not great. i think i'm going to go with what charles said earlier, they continue to have the sales, they continue to have the luxury shoppers hitting tiffany. i know i heard you earlier saying that you actually go to tiffany's. i don't know, do you like the elevator guy who says fourth floor, silver. stuart: no, it's third floor is the silver, yes, and i like it. >> you're so fan any, stuart varney. [laughter] stuart: let's move on please. montana box says it has found 200,000 of the bitcoins that it lost in a digital wallet link today the montana -- mt.gox
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exchange. do you feel better about bitcoin? >> i feel worse. it's a folly for the elite. the guy behind it all has been denying everything, so i don't really feel comfortable. i think the idea has some merit, but i don't like this at all. stuart: hold on a second, one of the reasons we like you, scott, is you refer to the intellectual elite with some disdain. [laughter] i approve. we totally approve. >> well, speaking of the intellectual elite, two major wall street players jumped in this week. i think mt. gox is a clown operation from day one. the jury's still out on bitcoin. don't write it off yet. stuart: charles, we've got another ceo for span tech is gone in less than ten years, and -- two years, and the stock is down big. charles, your principle was always if the ceo moves, it might be good for the stock, but i guess not this time. >> you've got two guys out in just a couple years. in this case, they need to get
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the board out. if you keep picking ceos, something's wrong with the board of directors. this company was a juggernaut years ago. there's a real serious problem, and that's why people are bailing out. stuart: how about netflix, nicole? i know it's down quite sharply, i think. >> it's interesting, this has been a great performer this year, reed hastings out bargaining with some of the cable operators trying to get connectivity for free. saying, come on, just put us on ask let's connect, and who needs to exchange think dough? a little odd. stuart: they've had a tough week, actually. all right, google founder, co-founder, i should say, larry page, he has interesting plans for his billions after he dies. he says he would rather give his fortune to elon musk than to charity. charles, something tells me you like the idea, i know you do. >> you know, this is absolutely amazing. he's saying that what elon musk is doing is for humanity. that it is philanthropic. what corporations do when they
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have big ideas is philanthropic. they fill a void, they make our lives better, and in this case maybe an alternative to when we destroy the planet earth. but for someone like him to come out and say this, he's got liberals scratching their heads because he might have been one of their heroes until 24 hours ago. stuart: what do you say about this, scott? >> i think that idea has merit as well. i think it's a good idea to informs in those that are changing the world for everybody's good instead of just maybe a few. but it sounds too cold to say elon musk. maybe a real smart kid or we can find out who those new movers and shakers are that don't have elon musk's money and have his ideas, i think that would be a better way. stuart: well said. that's it for our halftime report. charles, you're still here. the viewers wanted your opinion on under armour. that's been going -- >> it has been going straight up. what we're seeing today besides the biotech stocks this week, the momentum things have gotten wobbly. if i'm in under armour already,
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i hold the stock. if i'm a trader and i own under armour, i take profits. if i haven't bought it yet, i wait. this stock is significantly above the 50, i want to see it pull back maybe to $115. if it holds there, that would with a new entry point. trader, out, long-term holder, hold. would-be buyer, wait. stuart: this is one of the stocks our viewers asked you about. >> yes. stuart: okay. now i want to move on to the stock you recommend, you think you're going to make money on this thing, it's called silicon motion. >> they do what they call microprocessors and flash memory. we were talking about the tv being replaced by smartphones and tablets. they are right in the thick of it. they just got a big deal from they say a large korean manufacturer. everyone thinks it's samsung. they also just got a major deal last quarter with windows 8, the tablet. radio frequency, when disney talked about that magic band you can take everywhere, it works
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because of advances if radio frequency, rf, i think this stock is going to be a grand slam. stuart: that's silicon motion. stock symbol? >> fimo. stuart: can i where i that down? >> please do. stuart: some of your leading edge technology, you've done very well. thanks so much, charles. let's unveil the stocks that you have advanced to round two if our tech tourney. this is all your doing. last hour we told you that google and priceline have advanced to play each other. even though charles and others recommended tesla. okay? and we also told you that netflix advanced to play ibm even though charles and others -- [laughter] liked 3-d systems. this is all your votes, by the way. all right. now here's the other half of the bracket, i should say. apple beats fire eye and twitter wins the battle of the social networks over facebook. the vote on this one, that was
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so close we had to have charles break the tie, twitter wins. apple beat withs fire eye, and microsoft came from behind -- i'm glad to say -- to beat hp. those two meet next week. >> you know what this says? our audience loves momentum. stuart: yes, yes. and it's the audience who decided which of these teams, companies would go forward to the next round. where are we now? have i got to -- what am i doing now? tell me? teams. are we done with the tech tourney, are we? still not sure. never quite sure we understand all that stuff. but you viewers, you really do. you're good. and by the way, by the end of march i believe we're going the unveil the tech champion. the stock, the company which you think is best to invest in long term. you will decide the championship. caterpillar under a senate investigation for tax evasion. how does the ceo feel about the white house now? we'll explain this one next. ♪ ♪ it's a growing trend in business:
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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. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know.
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lou: vladimir putin took crimea while president obama and europe feebly protested and did absolutely nothing. the former director of national intelligence, ambassador john negroponte joins us tonight to talk about the direction of our foreign policy and the implications for the west. please be with us, tonight, 7 and 10 eastern. stuart: a senate panel has opened a tax investigation to see if caterpillar avoided u.s. taxes by moving profits outside the country. charles, that ceo was a big supporter of president obama early on. times change. >> there was a real schism between them when the president started talking about these large corporations bringing money back almost as if they had a fiduciary responsibility not to shareholders, but to the cub at large. -- country at large. i started noticing where he was taking aim back at the white house saying, hey, this quarter we created x amount of jobs
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overseas and x amount of jobs in america, and sometimes it'd be 6,000 here, 6,000 there. the rub though, 70% of their revenues come from outside of this country. it's going to be hard for them to do business around the world and not hire where they do business. stuart: and bring the money back here and pay 35% tax. it's friday, the highlight reel is next.
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oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. stuart: it's friday, time for the highlight reel. you know, you've got a great voice for radio, do you know that? >> i've heard that before. stuart: does your voice appear on your campaign ads? >> it does, actually, i have a good voice and face for radio. >> stuart thinks i have my parents -- you gave me the knot and the tie as if he's got enough on his plate. he's got a three hour show. stuart: would it come back? >> probably not. you have got to give it a chance
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to catch on. >> we just reported. >> oh, really? stuart: yeah. what you've got to pay is going to go up a lot. >> you know who i blaming -- blame for that? stuart: who? >> putin. >> there it is! stuart: all right. from here on out, charles is going to anchor the show, because i'm retire. did you get a ph.d. in statistics from harvard? did you? >> no, sir. stuart: what did you -- >> no, stuart, i didn't study at harvard. stuart: you told me you did. >> no. you asked me once if i was a harvard graduate, joking around, i said, yes, and you went with it. stuart: would you come back and do this again? because we love having you. >> oh, i love to. next time we get in the studio, we'll be together. stuart: i can't wait for that. adam, cheryl, it's yours. cheryl: thank you so much. another big hour coming up with fox business right now. hello, everybody, i'm cheryl casone. adam: and i'm adam shapiro.
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president obama raising the stakes as russia starts to feel the pinch from the economic sanctions. cheryl: recalled cars and still for sale? fox business investigates that general motors recall finding used cars still on the market. no rules or regulations there. where is the protection for buyers, and could you be liable if you sold your used car? we're going to get answers from judge andrew napolitano. adam: facebook's mark zucker purring and google's eric schmidt head to the white house to protest those nsa spying programs. cheryl: two million people to sign up and ten days to begin. the countdown to obamacare's deadline as health insurance executives warn of double and even triple-digit premium hikes. a lot going on in this hour but first a stock alert for you right now. could it be the best week for stocks ever? what do you say? adam: i think not the best ever. [laughter] cheryl: well, the s&p we should tell you hitting a new intraday high and on track
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