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tv   Varney Company  FOX Business  March 31, 2014 11:00am-1:01pm EDT

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now. thank you for joining us. time for "varney & company." it is great to be back. wake up and smell the coffee. it is free for the next couple weeks. big stock rally going on right now. stocks across the board are going up despite the claim. superfast computer trading gets the blame. this rally is wrong. watch out. here comes and obamacare pr blitz. it performs a sign-up surge. we will bring you the reality, as well as the span. goodbye pierce morgan. he could not resist one last shot at america. "varney & company" is about to begin. ♪
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stuart: look at this. big rally on wall street. janet yellen is driving it. extraordinary measures. interest rates are expected to remain low for a long time. the market probably likes that. sixteen for is where we are now. some of the dow stocks are hitting new highs. nicole: that is right. we have some record highs. we watch those at new highs.
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stuart: i really want the trumpets to be sounded right. all you naysayers. 4114 right now. take that. did you walk into mcdonald's and get your free coffee? take that taco bell breakfast menu. right now back up to 98. just before i went away it was 93.94. the market is rigged. here is the clip from 60 minutes. listen up. >> it is rigged. the most iconic market is rigged. >> by whom? >> the stock exchanges, the big wall street banks and high-frequency traders.
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stuart: he is referring to high-frequency trading. just look at that chart. 8000 points over the last five years. on the one hand, you have that whopping great big stock market rally. michael lu is saying, this market is rigged and you and i and everyone else watching the show are the victims. it does not add up to me. >> to go through those lists to sell a book after you are already a best-selling author is despicable. he is conflating two different things, by the way. the big titans of wall street. the little guy who may buy 100 shares of microsoft. when we start to conflate these terms, we do scare people.
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we scare people watching the markets. i went to their website. they have an interesting video on there. they start out talking about equal opportunity. they have a blackett, a multiracial couple, a farmer -- spew to i do not get it. this is the book you are talking about. charles: the hero in the book his firm is idx. what they are trying to do is condemn all of wall street. all of investing. they say, i want an equal opportunity. what are you talking about?
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this is just ridiculous. this is what we get in this environment. >> if he made that argument, it would be even more legitimate. you only get billed on two tickets. this is not altering the price by 25%. are you crazy? this is so reckless. so irresponsible. stuart: i think that we know where you are coming from. is there any hint of conspiracy here? do you see that? there was a conspiracy between big banks and high-volume sellers. and buyers.
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i agree that he has alleged this conspiracy. i don't even know if this is a crime. this information is publicly available. somebody will buy 10,000 shares of google because they learned that someone else will buy 100 shares of google. >> this is so weird. high-frequency trading has been around for a while. a lot of orders go to weehawken new jersey. because the big boys have super fiber optics -- it is public.
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>> how do they acquire that right information? stuart: i have to wrap this up. we are out of time. i hope nobody is put off from buying stocks. charles: this information is leaked. stuart: our viewers should not be stopped from entering the stock market over the long term. let's get to obamacare. you can bet that if and when they reach the 7 million target, they will sound those trumpets. joining us now from capitol hill
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, republican from wyoming. cooking the books with these numbers. do you want to explain that, sir? >> what we do not know is how many people actually have insurance. we know they have gone to the website. we do not know how many have actually paid. when you look at a number of states that do follow this closely, they have actually paid to have insurance. they also will not tell you how many of the people that are buying insurance are really folks who have had their insurance canceled because it did not meet the obamacare regulations. how many of them have just purchased insurance. they are not really newly insured. the administration said they wanted to have 30 million people who did not have insurance to become in short. we do not have any idea there.
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we do not know if it is the younger healthier group that is really signing up. according to the administration, 40% of the people that sign up, they need them to make it work. stuart: i am trying to lay out what will happen today. i know it has been extended. theoretically, this is it. i think that we will see a pr blitz on the parties administration. on the one hand, i think we will have that span. on the other hand, we have the reality of these numbers. i think americans are totally confused by this. >> i agree. they are over to people who say they have been heard by the healthcare law. at the end of all of this, you
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have to say what do people have what they have is more expensive insurance. they will not be able to keep their doctor or their hospital. we know the top cancer hospitals in the country are not involved with most of the exchange plans. i worry more about patient care than i do the political careers of those who voted for this. kathleen sibelius has been taking questions. she responded to one of your comments. take a listen. >> i think that it is unfortunate that people who are not very enthusiastic about having the law work, have not done any outreach to their constituents.
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they are now suggesting that the enormous interest in enrolling for healthcare is not existing. it does exist. the senator should rest assured that his constituents will finally have real health insurance for the premium dollars. stuart: what is your response? >> i practiced medicine in wyoming for 25 years. i was there this weekend talking to people who have their insurance canceled. stuart, i was a medical director of the wyoming health fairs for 25 years bringing low-cost screenings. the people in wyoming, their biggest problem is they have a pre-existing zip code. this healthcare law has been devastating for rural america. stuart: thank you, sir.
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general motors has recalled twice the amount of cars that they sold last year. tomorrow, mary barra will testify. the subsequent airbag failures are also linked to deaths. a couple bombshells that she will have to address. federal regulators twice declined. why was that? gm reportedly rejected a fix back in 2005. it would have taken too long. this applies to meet significant liability. financial liability on the part of general motors. the present general motors is to
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share and ceo. it is not the same corporation. the administration changed bankruptcy laws. they did a once in a lifetime bankruptcy. there is a catch here. if general motors was aware of this and hid it from the public, that would be enough to pierce bankruptcy and argue to a federal judge now that present general motors should be liable for the negligence and keeping from the public of what it knew was wrong. that billion dollars could be taken off the old general motors. >> right. exactly. this may actually come back to taxpayers paying for this.
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why? because the government put its thumb on the scale. >> the taxpayer will get its money back. that is what happens when government intercedes. stuart: good to see you. millennial's do not trust the government. it is all because of the nsa. we are taking the cost of young voters. she is a former tech executive. she has a lot to say about the nsa. ♪ ♪
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contact your doctor right away. other serious stomach conditions may exi. avoid if you te clopidogrel. for many, relief is at hand. ask your doctor abouxium. put it on my capital one i earn unlimited double miles. hey, you're not the charles barkley? yes i am. nah charles barkley is way taller. there's my picture on the wall. yeah that could be anyone. what about my jersey over there? oh yeah, that's your jersey. there's my bobble head right behind you. alright well let me see you bobble. yeah, i'm just not buying it man. earn unlimited double miles with no blackout dates from the capital one venture card. my brother john, he works here. john, you know this guy? what's in your wallet? stuart: the rally has faded a bit. triple digits. the price of gold, it has dropped below 1300.
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1288. how about the price of oil. now look at amazon i have a number for you. only 29% of millennial's expect the government to do the right thing. this downward slide is the result of nsa spying? joining us now is christine. she is running for governor in arizona. she is a former executive of go daddy. >> that puts you in a tricky position. you were a senior executive at go daddy. it is reported that you gave access to the nsa to go daddy.
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>> on the contrary, there were nine major internet companies. you will see google and facebook and apple. there is one missing. i am the defender of the constitution. i actually did not participate. i had to come down on the side of protecting your privacy. >> i obviously got that wrong. as you pointed out, the nsa spying, the snooping is a very big issue with young people. i presume that what you did with go daddy, you will play that up in your campaign.
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>> you may think so. getting young voters engaged is really critical. a lot of young voters has given their voice to young voters. one of the things that really resonates and voters in this state is the fact that there is somebody that comes out of the business community that is willing to stand up to the constitution for them. it is one of the reasons that i am running. it is very difficult to look at this from an objective standpoint. unlocks all of the things that we talk about, whether it is immigration, health care, that may be the single biggest thing that resonates with people in this state. >> we are very interested in your campaign.
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we pay close attention to millennial's. thank you for joining us. >> thank you for having me. stuart: two big wins for hollywood. disney's frozen broke all kinds of records. then we have no one. did you see it? we want you to tell us what you think. double local. ♪ when folks in the lower 48 think about what they get from alaska,
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they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy. but that's just the start. to produce more from existing wells, we need advanced technology. that means hi-tech jobs in california and colorado. the oil moves through one of the world's largest pipelines.
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maintaining it means manufacturing jobs in the midwest. then we transport it with 4 state-of-the-art, double-hull tankers. some of the safest, most advanced ships in the world: built in san diego with a $1 billion investment. across the united states, bp supports more than a quarter million jobs. and no energy company invests more in the u.s. than bp. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. ♪ [ male announcer ] you're watching one of the biggest financial services cpanies in the country at work. hey. thanks for coming over. hey. [ male annouer ] how did it come to be? yours? ah. not anymore. it's a very short story. come on in. [ male announcer ] by meeting you more than halfway. it's how edward jones makesense of investing.
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the local. ♪ stuart: you should see my seven grandchildren when they watch that movie. that is the movie that has gone where no other movie has gone before. it has passed toy story three.
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"noah" opened strong. we will ask if this movie is sacrilegious. 12:30 p.m. eastern time. he will be with us. mcdonald's offering free coffee every day for the next two weeks. >> we are really excited. they have been asking us when we will get into the game. stuart: they are in the game. that is the taco bell guys. this is what mcdonald's tweeted back. the sincerest form of flattery. look at the stocks. there is big money and breakfast.
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we started with 16 stocks. your votes have narrowed it down. they are the four big names. they are going at it. the question is, which of these stocks would you like to own for the long term. both please. up next, the prairie chicken being declared a threatened species. it could be on hold because of that bird. double local (dad) well, we've been thinking about it and we're just not sure.
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(agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited.
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♪ ♪ stuart: look at tesla's stock. elon musk, he's been saying a few things. he is seen by many as this generation's great visionary. he now claims tesla will be able
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to run in even the most extreme circumstances. listen to this. >> drive for free forever on pure sunlight. that's the message we're trying to con vain. so even if -- convey. if even if there's a zombie apocalypse, you'll be able to charge your car. stuart: element, charles. you love this guy, i got it. but these visionaries, elon musk, he's saying drive forever on free sunlight. there's an awful lot of visionaries who have driven a stock price up, and then it falls flat. >> yeah, although -- stuart: you're aware of the danger. >> elon musk bought shares with his own money, he was a buyer on the way up. i think he really sees himself as someone who's continuing, you know, listen to the name. tesla, you know? nikolai tesla. he believes he's picking up the mantle from others before him. so far people have been richly rewarded who follow him, and i think mankind will be as well. stuart: okay.
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he's a with thely maker -- battery maker, that's what he is. if he can solve the problem, he'll make a ton of money. >> that's just it. this has a watery, in this has a battery, the cameras filming us have batteries, that's ap amazing problem. energy, fuel is an amazing thing. stuart: are you into tesla? >> i'm not now, but if it goes into 200, i'll be salivating. [laughter] stuart: let me tell you, charles, and all of our viewers about another roadblock for the energy industry. last week the administration placed the lesser prayerty chicken on the threatened -- prairie chicken, on the lesser threatened list. it's afraid of tall structures, so even wind turbines cannot be built in its natural habitat. bill white is the author of america's fiscal constitution, he is a former deputy secretary of energy. bill, welcome to the program. >> it's a pleasure to be with you. >> this is nonsense. the lesser prayerty chicken
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which inhabits states wes of the mississippi is declared threatened. you can't drill, you can't frack, you can't have a wind farm or a sew roar farm, this is ridiculous. >> i work, stuart, all the time with ceos and board members of large public energy companies, and they have a lot of complaints, but i haven't heard any complaint about this regulation of the prairie chicken, so i think we're going to -- stuart: it is ridiculous. i mean, this is the environmental movement grasping at their last possible straw to stop fracking, isn't it? >> well, i'll tell you, fracking has been good for the environment because when you consider the fact that greenhouse gas emissions have come down dramatically in the united states, beeting the goals that were -- beating the goals that were set by the obama administration, they say goals for 2020, we've already beat those goals because of the substitution of natural gas for coal. stuart: when you were looking in the clinton administration, you had a very senior position in the energy department, did anything as radical come across
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back in those days? >> well, yes. [laughter] there were, there were issues in the pacific northwest of salmon. >> the spotted owl. >> salmon. i mean, you know, wherever you have a dam and you have a big river, which we do in the pacific northwest, you have clean energy. hydro has no emissions. but salmon have a hard time getting upstream when there's a dam. stuart: so the damage can be done. i mean, you can really hold things up. and this prairie chicken might just do that. >> i don't know about that. stuart: you've written a book, "america's fiscal constitution." the subtitle is its triumph and its collapse. you want a balanced budget right now. >> yes. stuart if we went out there and got our own energy reserves, we'd come pretty close to doing very well on the budget -- >> we'd do, i'd tell you what, we'd sure cut that trade deficit, wouldn't we? and you've seen it become cut because we're importing less oil. it's a great thing.
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and this natural gas revolution that we're having is powering industry. our petrochemical industry is beginning to displace the petrochemical industry in the rest of the world. stuart: yeah. >> but i tell you what, if you don't address rising medical expenses and borrowing to pay for routine expenses in the federal government, if you don't address those problems, then we're not going to balance the budget be. and if we don't balance the budget and compound interest, then we're going to have a problem down the line. stuart: as you sit back from your position, you live in the energy patch, you live in texas. you're an energy expert. as you sit back and you look at this administration and its energy policy, what comes to mind? what's your first thought? >> my first thought is about the same as most administrations which people give the federal government too much blame or too much credit for what happens in the oil and gas friday. this fracking -- oil and gas industry. this fracking revolution and the fact that natural gas is up has little to do with the federal
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government one way or the other, and so does the world price of oil. stuart: you don't think it makes any difference, the prairie chicken, the fracking, doesn't make any difference? >> our hydro production has gone starkly up, and i disagree with a lot of policies of this administration's and prior administrations on energy. but i've got to say, by and average, the energy business right now is being driven by technological innovation in the energy business and the fact that we have good people working on it and good resources in the country. stuart: bill white, good stuff. thanks so much for joining us, appreciate it and good luck with the book. >> thank you. stuart: all right, next, even some senate democrats say they want to make changes to obamacare, but be will majority leader harry reid ever allow a vote the change the law? >> despite all that good news, there's plenty of horror stories being told, all of them untrue. but they're being told all over america. ♪ ♪
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stuart: we call alibaba the chinese amazon, and now it's buying a 35 be percent stake in a they news brickses and mortar retailer. it's going to pay $700 million. we always show you yahoo!'s stock because yahoo! owns about a quarter ofally papa. lauren simonetti joins us right now. why is this online company putting so much money into a bricks and mortar -- >> reporter: whose sales are bigger than amazon and ebay together? stuart: that's alibaba. >> for 2012 the sails were bigger than those -- sales were bigger than those two together. the company in china has 24 department stories, the thinking here is twofold. number one, they can take all of that invep story and maybe merge it with their retail sites, and the second point is when people go into stores, physically go into brick and mortar stores, they can buy things with their smartphone. so it's merging the on rhine and
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the offline technology. it's called the 020 market. stuart: i wonder if amazon would do something similar, because it's good logic. that's very logical. you've got all this inventory in these bricks and mortar retailer, you could just sell that online, why not. fascinating. >> reporter: yeah. and there's a couple of names in china, buy dew is one of them, so this gives them bigger market share. stuart: it's a good story. let's get to nicole and google taking direct aim attritional television advertising. they're offering advertisers some guarantees on youtube? is you want to tell we about that? >> reporter: that's right. and this has not been done before. normally you would see this with tv networks and the like. google up about two-tenths of 1%. and tv networks have long offered audience guarantees, but now this is a new lure for google and youtube to offer guarantees to those advertisers,
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because it's all about advertising dollars that make it -- this is for people that will be available to watch these things and have commitments to youtube. in the meantime, don't forget they're battling now because there's some news that yahoo! may be trying to -- stuart: i'll tell you a quick story, nicole. i was in arizona last week, late friday afternoon i see a guy with an ipad, and he is buying thousands of google shares. that guy must have been a big hitter, but he was buying by thousand, and he was going long -- >> no way! stuart: yeah. he saw a big decline in google. now it's 1122. this guy was buying by the -- >> reporter: i have two questions. number one, did he recognize you, and number two with, what are you doing hooking at his ipad? [laughter] >> he was, actually, commenting on what he was doing. >> reporter: oh. does he know who you are, stuart varney? stuart: i was behind him, and he was talking to himself.
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anyway, that's enough of that. [laughter] >> reporter: good job, i like it. stuart: move to obamacare, yes, we must. six democrat senators working to make changes to the law. but senator reid, who has been a staunch defender of obamacare and actually quite the highlight reel this the process. listen to this. >> there are some people who are not like my grandchildren who can handle everything so easily on the internet. the example they gave is a 63-year-old come became in -- woman aim in and said i almost got it, but every time i just about got there, it would cut he off. we have a lot of people just like this through no fault of the internet, but people are not educated on how to use the internet. i have never come to the floor and never said a word about any of the examples that republicans are given regarding obamacare and how it's not very good. despite all that good news, there's plenty of horror stories being told, all of them untrue, but they're being told all over america.
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stuart: you know, about halfway through that series of sound bites there i saw senator schumer looking distinctly uncomfortable when senator reid was talking about difficulties of older people using the internet. you just saw him, republican congressman from ohio bill johnson joins us. >> good to be with you. stuart: we started this block by saying several democrats in the senate, they want to make changes, specific changes to obamacare. my question is, will senator reid ever allow a vote to be taken? >> well, i'm not sure anybody knows what senator reid will to will not do. i'm not even sure that senator reid knows from day day-to-day t senator reid is going to do. his claim that americans are not trained on the internet, look, they want 40% of the enrollees to be young people between the ages of 18 and 34. is he trying to convince -- who's he trying to convince that that group does not know how to use the internet?
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i think he's wrong. stuart: how's obamacare playing in your district? >> terribly, terribly. we've seen in, many, many condition tip wents that have -- constituents that have lost coverage, see their premiums skyrocketing, losing access to their physicians. a lot of times, stuart, it's when people come into their doctor with a letter that they have received from their insurance provider saying your doctor is no honger in the network -- no longer in the network, and you can't go to your doctor anymore, the doctors aren't even being notified. stuart you've seen this among your constituents? >> yes. stuart: senator reid said they're lying. >> that's not true. stuart: respond to this. >> we have to continue to get the word out. we collect those stories on our web page, www.billjohnson.house.gov, and our constituents put in their stories. i talked to a cancer patient not too long ago who has lost access to their eye doctor. you know, they say, hook, we put
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our kids through college, we never ask a handout from anybody, and now here we are, and we can't get the coverage and the care we need because of this health care law, and it's hurting americans. not to mention the hundreds of billions of dollars that's been cut out of medicare advantage which is a lot of seniors along my district. stuart: i presume that you've got a democrat opponent, because you're up for re-election this november. >> that's correct. stuart: you've got a democrat opponent be, is he or she -- and i don't know who they are -- are they running away from obamacare or contradicting what you're saying? what's their position? >> well, we have not heard from any of the opposition in eastern and southeastern ohio because they don't want to talk about the health care law. it is fox you can. so they're trying to -- toxic. they're trying to stay in the background and not say anything either for or against. but at some point they're going to have to come out and say where they stand on this law. stuart: is yours a rural constituency or suburban?
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characterize -- >> stuart, we have some of all of it. our district runs from an hour outside of cleveland to an hour outside of cincinnati, and it's diverse on every level. we have urban areas, we have rural areas, but a lot of the rural areas. stuart: you know, there's going to be a pr blitz today, because the administration is going to say we're very close to the seven million sign-ups that we needed, and that was the target. they're going to say it's a success. it's a victory. we're going forward. things are happening. how will you respond? >> well, how can they call that a success, stuart? they started out at seven million, now they lowered that estimate to six million, and we don't know today how many of those that have actually signed up, we know that they have selected a plan, is the term that the administration is using. how many of those have actually paid for their premiums? how many of those had insurance before this all started? and how many of those fall into that category of 18-34 that
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they're expecting to pay a disproportionate share of the cost of this health care law? the best thing the president could do is delay it for everybody, and let's put in common sense solutions that put patient and doctors back in charge. stuart: the chances of that are slim, slim and nonexistence. >> you and i both though that, but there's always hope. there's 2014 and 2016. stuart: indeed. bill johnson, republican, ohio, thanks so much for joining us. >> thanks, stuart. stuart all right. where are we -- our rally has faded a little bit, we're up 95 point toes. we were up about 150. and then we've got real estate. all about location. next, you have $2.5 million. what does that buy you? depends on which city you're looking at. san francisco versus detroit, the $2.5 million location battle. huge disparity. we'll show you next. ♪ ♪ weekdays are for rising to the challenge.
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stuart: all right, let's speculate.
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you've got two and a half million dollars, and you want to buy a house. where you buy determines how much you're going to get with the money, doesn't it? cheryl casone is with us for the first of her hot properties segments. cheryl, welcome. >> good morning. stuart: you've got san francisco versus detroit. [laughter] let's start with san francisco. what do i get for 2.5 million? >> it'll buy you a three-bedroom, two-bath apartment south of market near the new baseball stadium where the giants, of course, play. 1600 square feet, $2.5 million. it doesn't have a terrace, does have an outdoor pool. there's a fitness center on site, you get two parking spots for your -- stuart: hold on. that's san francisco. did you say 1600 square feet? >> and change. three bedroom, two bath. stuart: it is an apartment. >> uh-huh. yep. it's on the top floor. now, it's, quote-unquote, the penthouse. and a lot of the techies are moving into that area in san
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francisco, it's a very hot area for the entrepreneurs, and the place is beautiful, we should say. we're looking at pictures now. stuart: it's nice. >> you've got the glass ceilings, floor to ceiling, obviously. stuart: hold on. detroit, $2.5 million buys what in detroit? it better be a palace. >> you can have an entire building for $2.5 million in detroit. talk a look at what we found in detroit for $2.5 million. a 10-bedroom, 11,000 square foot home facility 1880. -- built in 1880. it is actually right now a bed and breakfast that is going up for sale, but for $2.5 million -- but, again, it's a baseball story near the park where the detroit tigers play, this could be yours for the same amount of money. and get this, the monthly fees about break even with that three-bedroom, two-bath in san francisco. so you can get an entire property here. it's converted. it's got everything that you need. oh, by the way, 16-car garage versus two spots for your car in
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that san francisco -- stuart: well, detroit, you need a 16-car -- >> i've got to defend detroit, very walkable area. it's very livable. if you wanted to make it an investment property for yourself, stuart, that is an option for you. stuart: that's fascinating. $2.5 million, san francisco versus detroit, you know, what do you get? >> well, it's a socioeconomic story too, of course. we should say right now san francisco is the most overblown i have seen it in all of my years of following real estate. and i used to live in san francisco. stuart: so did i. >> that's right. we both worked there. it is amazing what is happening in that city. guys, i'm telling you, it has become a true pull in san francisco, real estate. if you could go back today -- stuart: out of time. that was excellent, cheryl. thanks very much, opened my eyes. new at noon, more on the obamacare stories that harry reid calls lies, is the mainstream media covering those horror stories? are they? what do you think? that's coming up.
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plus, we ask a priest if the movie noah is sackly lishes. we're back with you two minutes from now. friday night, buddy.
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come on in. [ male announcer ] by meeting you more tn halfway. it's how edward jones makes sense of investing. stuart: you know, i really thought this was opening day. but now i'm told the opening day game was played last week in australia! here's what we do have for you this monday, march 31st. great to be back. the richest congressional districts are all represented by democracy. so which really is the party of the rich? the california bullet train slows down, the biggest big government boondoggle of them all, looks like it's done. our media watchdog brings us obamacare horror stories which the media did not cover. a jesuit analyzes noah, this weekend's box office winner. has it got anything to do with the bible? is it sack religious? and here's a shocker, 62% of millennials think our national debt is the biggest threat to our national security. ♪ ♪
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>> the administration said they wanted to have 30 million people who didn't have insurance become insured. we don't have any idea there. the people in wyoming, their biggest problem is they have a pre-existing zip code, and this health care law has been devastating for rural america. stuart: all right. that was senator john barrasso in our last hour. he calls the obamacare enrollment books cooked. todayed is the deadline, and we can expect to hear a lot of cheerleading from the administration about reaching the goal, seven million, in the next couple of days. what you will not hear is the mainstream media telling those obamacare horror stories. tim graham from the media research or center joins us now. give me a horror story that you know that it's true and we've not seen reported in the establishment media. go. >> well, the one i like the best, actually, they did do a
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story on cbs pause it's a 4-year-old girl. now, they put this on a saturday night so, you know, the lowest-rated night of the week. but it's the only one we've had on abc, cbs or nbc in the last three months. basically, a 4-year-old girl who was denied care because the plan didn't match with obamacare, and the doctor comes in and tells them, you know, this is happening a lot. there's a lot of denial of care. this is, obviously, something that we should have all understood because, obviously, medicare does a lot of denying of care. this is the sort of thing that the mainstream media didn't take seriously in 2010. certainly something they're not taking seriously in 2014. stuart: so from your observations, the mainstream media has not changed its position. it's still beating the drum for obamacare and ignoring the clear, obvious problems that obamacare has brought with it. you and i talked many times over the past year, and i often
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thought that maybe the media was at that turning point, that maybe things were so bad that they'd start reporting what was really going on. but you're telling me not so, they're still the same. >> well, obviously, it was un avoidable during the rollout in october. what i would have said to you then was give it time, they'll drop it. and all this year they've been dropping it. this weekend as we head to the enrollment deadline on the major networks this weekend, 16 seconds. stuart: that's it? 16 seconds, that's it? >> yeah. stuart: well, you know, today the administration is almost certainly going to claim that they've come very, very close to the seven million target. i think that told there's going to be a huge -- that today there's going to be a huge pr push claiming victory, claiming all things positive for obamacare. and i suspect that if you're right, i suspect it's going to be all over the establishment media tonight, praising obamacare.
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can see it coming. >> well, obviously, today we saw for the first time since last september when the health and human services secretary, kathleen intel yous, told dr. nancy schneiderman, success looks like seven million enrolled by march 31st. that's what they're going to claim today. nbc ran that sound bite today for the first time since september. they haven't wanted to focus on the markers offing success. there's just no focus on that whatsoever. the main thing we've gotten in the last couple of weeks was everybody cheering on the morning shows about how funny obama was being interviewed by zack galifianakis. that qualifies somehow as coverage because that's how he he's selling it. stuart: yeah. i'm sure you'll be tuning in to see how they do report the target on the deadline. thanks for joining us, we'll see you again spoon. finish -- soon. look at facebook. has the company become too big
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for its own good? we will talk about that in the real halftime report. it's up a buck. micron technologies leads the s&p 500, big gain, 7%. it reports its profits after the bell on thursday. the analysts have high expectations, that's why the stock is up 7% as of now. micron, 23. check the big board, the markets off its earlier highs, but it's coming back again. a lot of investors talking about what author michael lewis said about high frequency trading on 60 minutes last night. listen yourself. >> the stock market's rigged. the united states stock market, the most icon you can market in global capitalism, is rigged. >> by whom? >> by a combination of the stock exchanges, the big wall street banks and high frequency traders. >> who are the victims? >> everybody who has an investment in the stock market. stuart: well, that's a pretty broad-ranging statement, now, isn't it? sandra smith is here. you fired up about this one way or the other? >> yes. if you're saying that because i
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was e-mailing away to your producer this morning when i saw this news, and i didn't see this last night, but i've seen and read now all michael lewis' comments. his, quite frankly, this does not render a response from me. these comments from him in this book that i have not read yet but what he says it's about, it's uninformed, it's irresponsible, and it's being written by someone who has never sat in front of a bid-ask, in front of a stock in his life. stuart: he's saying that these high frequency traders would be able to buy, say, microsoft this morning at $41. if i bought it, it would be $41.01. they're getting -- that's what he's saying. >> let me tell you something, there was a day where the specialists that made a lot of money stood on the floor of the new york stock exchange, and on microsoft there could have been a 12.5 cent spread. that spread has now narrowed to a fraction of a enemy. that is, unfortunately for them, not allowed them to make very much money. but that has improved the price discovery for every investor
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whether a big hedge fund or a mom and pop investor at home. you are getting more liquidity. you can get in and out of microsoft shares much easier, and you're getting a better price today because of high frequency trading. and any inefficiencies that there are are the fault of the structure of the sec who wants to say that we're the victims. they have dropped the ball on regulating the stock market in many ways, and what do they want to do, stu? you talk about it all the time, they want to regulate more. when they're saying they don't have the time or money to regulate the rules that they have in place today. stuart: okay, sandra -- [laughter] >> maybe i was a little riled up. stuart: no, that was good. that's rational. >> i'm very confident in these markets, and it's unfortunate that someone tells mom and pop at home to not have your dollars in the stock market. it's irresponsible. stuart: yes, it is. well said. two items that general motors is going to have to deal with. number one, federal regulators twice declined to open formal probes into complaint about gm
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cars. why did they decline to do that? second, gm rejected a proposed fix nine years ago because it would have taken too long and cost too much money. so, nicole, why don't you bring us up-to-date on gm's stock. >> reporter: yeah, that doesn't sound good. down 1.1% on those headlines as well as a few others, the stock is down 16% this year. some more headlines that go along with gm, the barron's blog talks about gm's loes are fo's gai, w'reoingo be itinto hr fmhe partnt traporttion inpect on wdnesy, so therll somhatt the. d yohaveitigupall th moing st sang tat yo cou reay buyon tm weakness, but know that that there's risk involved. stuart: look at blackberry, the stock price is down today, but we're getting some evidence that perhaps we were too quick to put it on death watch. most notably, the connected car market. blackberry is the leader, i believe, fill me in on this one,
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lauren. >> yeah. i think we were too quick to put blackberry -- stuart: oh, ias. market share, but in car technology blackberry back in 2010 bought qnx for about $200 million. and by the way, they were founded on a college campus, right? stuart: another one. >> but qnx is in so many vehicles, reportedly coming to ford, but it's in hyundai, chrysler, land rovers, bmw. so blackberry, through qnx, very well does dominate the this-dash technology that's really the next marketplace for these technology companies. by 20168 it's going to be a $53 billion market. stuart: whoa. you said the in-dash wiring. so i'm looking at the dashboard, look at the electronic displays, that's provided by blackberry? through qnx? >> absolutely. stuart: so they've got a franchise that they can muscling. they're not dead. >> not dead at all. they're just switching their focus. stuart: so investors, therefore,
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are looking at what is the value of this qnx connection to the wired car. and they're saying, well, 8, $9 a share. that's what they're saying. >> and you have to remember that competitors to this, yes, it's apple, yes, the it's google, the lust goes on, but blackberry does work in collaboration with those companies as well for all of this technology, so i wouldn't write blackberry off just yet. stuart: you keep telling me stuff i don't know. [laughter] >> very good. well, there's not much you don't know. [laughter] >> or you, sandra. stuart: what you're saying is straighten him out. he's just back from vacation. another problem, there are many, many problems with the california bullet train. apparently, it won't be as bullet-like as originally promised. regular service between l.a. and san francisco, that can take about a half hour long or than the two hours and 40 minutes that voters were originally told. sandra, i say this thing is dead. >> well, yeah. i mean, once they figure out how to pay for this, then we'll really believe them.
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listen, when they're adding this extra half hour, they're saying this is accounting for weather and driver delays, maybe somebody doesn't show up on time to drive the train. so that's a little to be sure here. but nobody's got any confidence in this thing. stuart: no. they can't fund it, it's being challenged in the court the way they wanted to fund it. it's going to take longer to do this trip. at the moment, it doesn't link l.a. and san francisco, and probably never will -- >> and everybody drives there. stuart: everybody drives. however, the kicker is to me, the gentleman's name is jeff morales, he says, you know, maybe if we got some federal taxpayer money, we could create 6,700 jobs. that's the ace in the hole, isn't it? >> oh, yeah. more federal funding will cure this whole project. stuart: cure it? >> yeah. [laughter] stuart: we'll see. thanks, everybody. we cover the voice of the young very closely on the program, and next, three issues that millennials care about the most. one of them, believe it or not,
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is the debt?
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stuart: line up quickly, mcdonald's offering free coffee. that's in response to taco bell's new breakfast menu. all right, lauren, all this talk about breakfast, it's got to be that breakfast is big money for the fast food guys. >> huge money for the fast food guys and now a lot of competition. it's not just taco bell, but starbucks revamped their menu, and now mcdonald's saying, hey, come in between 6:30 and 10:30 in the morning, a small coffee is free. but between 6:30 and 10:30, four hours, in those four hours mcdonald's does a quarter of its overall sales in the u.s. stuart: a quarter, really? >> 25% confirmed from mcdonald's. stuart: the theory is that breakfast you'll eat twice. you'll eat something before you leave the house and again on your way to work.
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that's why it's big money. >> 1.4 times a day, that's how many breakfasts we eat. stuart: that's accurate? >> yeah, it is. [laughter] stuart: i really am learning a lot back from vacation, lauren, i do appreciate it. thanks very much, indeed. all right, you'd better take a look at what's leading the dow. i've got a vested interest in this. i am a shareholder of microsoft, and look at it go. 41.27 as we speak. trumpets, red carpets, everything. can you believe this? >> look at that on decent volume, too, 20 million shares traded. stuart: decent, indeed. where's charles payne recommending microsoft? where is he? [laughter] >> he left that one up to you, stu. stuart: thank you very much. i'll take 31, okay? retirement around the corner. a new poll from pew shedding light on the issues that matter to those all-important voters, the millennial generation. you've identified three issues of big concern to my lend y'alls, and the first one i'm very surprised to say is debt.
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really? >> yes. yeah, absolutely. and, stuart, the 67-page pew report, an issue that wasas the. but i always go back to this poll two years ago when they asked millennials what is the number one national security threat to you, wasn't russia, wasn't terrorism, it was by 63% the national debt. i think it's a winning message, and representative aaron shock has the right idea when he's going around telling millennials right now every young person eaus $52,000 -- owes $52,000. stuart: that's not the pew poll finding that's a a poll from a couple of years back. >> that's right. pew avoided that issue. stuart: tell me honestly, do you think if the same question were asked today of millennials, do you think 62% would say debt the biggest national security threat, really? >> i do, stuart, because this is something that millennials understand. a news story came out a few weeks ago that millennials are the most fiscally responsible
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generation. look at their student loan debt. the average millennial carrying around $27,000 worth of debt. that's a lot. that's a message tear living in their daily life. stuart: okay. issue number two from the pew poll, obamacare. >> yes. that's the winning issue. only 40% of by eleven y'alls support obamacare at the moment, and that's only going to get worse because skyrocketing premiums, my eleven y'alls are facing, especially those who do have a job, we've already heard kathleen sebelius say premiums are going to go up in 2015, so that number's just going to get worse. obamacare has failed you is a winning message. stuart: here's the last one, and this has always been, to me, the big deal for millennials, and that's privacy. the nsa snooping. is that the number one complaint the millennials have about this administration in. >> 100%. that, you hit the nail on the held, that is the absolute winning issue for millennials. obamacare had one rallying point in 2008, and that was same-sex marriage.
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he made millennials feel excited about it. i'm part of this new civil rights movement. the issue this time around is nsa spying. they went from having a 44% trust in government pre-obama to a 29% trust that the government will do the right thing. that's because of the nsa spying scandal. people like rand paul have the right idea, bringing this message to millennials. stuart: i don't see millennials going out there and enthuse be yeahsically turning out by the million to vote for a republican candidate. i see the, slightly opposite of that which would be millennials turned off by the obama administration and just not voting in substantial numbers. what do you say? >> that's right. there's an enthusiasm gap, and that's where republicans have to come in, go to millennials, go on facebook, go on mtv, go out with zack gal my knack cuts or someone of that nature on the republican side, go to millennials because they won't show up, you're exactly right. they won't vote. so it's up to republicans to go and court them in the way that obama did the last two elections.
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stuart: have you any thoughts on running yourself? >> running myself, stuart? perhaps eventually. i think there needs to be a new sort of libertarian-minded candidate, and i think there's room for that. so eventually, perhaps. you never know. stuart: i've got a good idea. kaley, thanks so much for joining us. appreciate it. met me show you the big board because thal hi's come all the way back, now we're up 140 points. this started earlier this morning when janet yellen said extraordinary commitment still needed for some time. in other words, she's going to keep interest rates very, very low which makes the stock market very attractive, we're up 141. if the republicans are the party of the rich, then why do the cup's richest congressional -- country's richest congressional district swing always democrat? my take on that is next. ♪ ♪ ♪
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your chance to watch full seasons of tv's hottest shows for free with xfinity on demand. there's romance, face slaps, whatever that is, pirates, helicopters, pirate-copters... argh!
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hmm. it's so huge, it's being broadcast on mars. heroes...bad guys... asteroids. available only on mars. there's watching. then there's watchathoning. ♪ stuart: well, look at this, everybody, t is a rally. janet yellen says that the tbeen takhethat means interest y
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low. she's not going to cut the amount of money that she's printing. that's my interpretation. up goes the market. look at that. in a moment, a jesuit priest weighs in on the movie, "noah." we're going to ask him flat out, is it sacreligious? and is the market rigged? our market players weigh in during the real halftime report. conventional wisdom says this: that republicans are the party of the rich. you've really got to laugh. it's simply not true. here's my take. the six richest congressional districts are all, all of them, represented by democrats. the richest of them all is the 12th district in new york city where the per capita income is $75,000 a year. that is $75,000 for every man, woman and child in that district. they elected carolyn mahoney, a
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democrat. second is the district around beverly hills, california. $61,000 per capita income represented by henry waxman, a democrat. nancy pelosi, democrat, and she represents a very wealthy area in northern california. overall, wealthy people are represented by democrats. middle america represented by republicans. wait a minute, wait a minute, what's going on here? it's surely not supposed to be this way, is it? we've been told for decades that democrats were all for the poor, and it was those wicked republicans who were all for the rich. it's just not true, is it? in fact, it's the other way around. democrat policies favor the status quo, not real mobility up and down the income scale can. oh, no. just bar the door and hold on to what you've got. look at what's going on right now. the rich are doing very well, thank you, and obama's policies are killing the middle class. you can understand why democrats attract the votes of the
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wealthy, can't you? but it seems to me the jig is up. the cries of tax the rich are getting stale. senator reid's sour-faced attacks on wealthy republicans are falling on daf es, a th ru r helthare sytemscleay t fau of th esidt, decra mocrtsare t blme r ameca'secle, d i see to th a potic shift is coming. the republicans now have a great opportunity to represent america's strivers, the people who want to work, who want to get ahead, who want to climb the income scale, appeal to america's beaten-down middle class. that's where america's forward momentum has always come from. weestrict crt that theh y ug l fic i dicwh voters want growth, lower taxes and far be less government.
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stuart: i do apologize. i made a mistake on a name earlier. higher prices giving a producer a nice profit. a nice sales number. they specialize in cage free and
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that kind of thing. doing very well. look at that. very interesting. previously, they were up more than that. found the alarm bells. hot-air global temperatures may also worsen mobile conflicts. sandra: it will all be threatened by these rising global temperatures. cost of climate change will be catastrophic. >> i see it on the front page of the "new york times." worst is to come. affects already felt. un groups, when?
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>> it is scare tactics using climate change. >> i am desperate to find out when it will hit. prince charles, a notable greeny from england went public and said we do not even have 18 months. now, that was three years ago. i keep getting these deadlines. it will hurt. it will hit. it never does. sandra: this report was not specific. stuart: why should they? "noah" is facing a lot of criticism. some say it has nothing to do with the biblical story of noah. we are joined now by a father. old testament scholar and priest. he saw this movie. very simple straightforward
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questions. is it sacrilegious? >> i would not call it sacrilegious. i would agree very strongly. there is very little in common. stuart: were you in any way offended, sir? >> i would say that i actually started laughing at some of it.
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stuart: yes. >> i laughed out loud. in those days, people did not know how to make pottery. this is something to see all of these characters with metal weapons, metal armor and things, for someone who studied cultural anthropology, it was ms. making of his own doing. stuart: you are a biblical scholar. do you take the story of noah literally?
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this happened. is it real or is it symbolic? >> it is something that represents a real event. as the ice melted, it was suddenly flooded.
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the flood story is told everywhere. they build this large boat and save the animals. this is part of what is going on. here is the key. the story in the bible is saying the flood was sent as a punishment because people were all moral. they said, no, the gods punished people in order to punish a god. they could not punish her.
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stuart: you have taken us into unknown terror -- territory. up next, our march madness tech tournament. which company will take the top spot? we will break it down in the real half-hour report coming up next. ♪
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(agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited. when folks in the lower 48 think athey think salmon and energy.a, but the energy bp produces up here creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy. but that's just the start. to produce more from existing wells, we need advanced technology. that means hi-tech jobs in california and colorado. the oil moves through one of the world's largest pipelines.
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maintaining it means manufacturing jobs in the midwest. then we transport it with 4 state-of-the-art, double-hull tankers. some of the safest, most advanced ships in the world: built in san diego with a $1 billion investment. across the united states, bp supports more than a quarter million jobs. and no energy company invests more in the u.s. than bp. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. ♪ >> right off the bat, let's check mcdonald's. offering free coffee every day for the next few weeks. let's take a look at amazon.com.
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one of the distribution centers is on site of the distribution case. next up, ali baba. we call it the chinese amazon. check out shares of yahoo!. they own about a quarter of ali baba. check shares of blackberry. they want a court order against tv host ryan seacrest.
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so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank.
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a better way to save. ally bank. your money needs an ally. stuart: our first day back. second hour of the show. charles in san francisco. deidre, sandra smith, charles payne, they are all here. michael lewis. charles, you first. what do you say? >> i would agree. stuart: scott, what say you i
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think ultimately we would like to see everybody that is in the market have some sort of real economic function. people need to serve a real economic purpose. her new show starts in 15 minutes. you certainly cannot ignore it. 75% of trade are done through this high-frequency system. we will be showing our viewers exactly how it works. >> a frequent star. keeping an eye on facebook.
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it is up today. charles sizemore, is facebook a buy at 60. >> that $70 level. disney stock has been a winner this year the 20 i am the mother of boys. no. i have not seen frozen. the lead character is a girl trying to find her sister. it has moved into the top spot.
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top grossing animated film. still it moved into the top 10 grossing film of all time. not just animated. stuart: i am surprised to hear you say that. my gamb -- my grandsons loved it. nicole: i am not saying there is anything wrong with that. >> i grew up loving disney movies. >> i think that this is a remarkable story. the company has been big
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headaches. gm rejected a fixed years ago. it has been taking too long. scott shall it be, your thoughts on general motors, please. >> i think that they will be in trouble for the next few months. maybe a couple of quarters. i have said it before, ultimately, they will recover. just how long this drags out will always be a black hole. stuart: how about you charles? charles: i think that scott did it spot on. they will like the risk reward. we started with 16 stocks.
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apple versus amazon. stuart: apple or amazon. charles: maybe one day they will get a spark. >> i think google is the name to be. stuart: apple or amazon? >> i agree with charles all the way. i am going apple. apple makes money hand over fist. stuart: scott, google or ibm,
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apple or amazon? >> i would say google. really it will be google. stuart: that is a tantalizing laugh line right there. that is it for the real halftime report. thank you to everyone. charles remains. he is still here. he will tell us about a stock that our viewers told him about. sirius xm. charles: a lot of people loaded up.
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they may be taking a loss. stuart: we are on channel 113. charles: they will make money. >> a middle school student doing what politicians do. we have the details. next. ♪ i've always kept my eye on her...
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but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still gonna give me a heart attack. that's health in numbers. unitedhealthcare. time to take care of business with century link's global broadband network and cloud infrastructure. we constantly evolve to meet your needs every day of the week.
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stuart: a middle school student has a plan to save the government millions. all washington needs to do is switch. lauren simonetti has the details on this one. >> a pennsylvania student and six in six great says he can save his school money by switching to garamond. you can see they look similar. a lot thinner. more narrow. the government would save $136 million on an annual basis. stuart: it is the cheaper font.
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>> that is just the federal. stuart: you thought about government. i do not print out much stuff. i do not use it. >> you are way ahead of me. i still print. it is easy to read when you print. am i alone here? i make marks on my pages. stuart: i bet you i am the only person in this room, in this entire buiing,hattillas worng tewrir a hom >> i have one. i have to.
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stuart: your take is next. ♪
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stuart: i was in arizona last week. i see a guy with an ipad. he is buying thousands of google shares. i do not know how that got in there. sorry about that. we are flat out of time. ♪
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♪ ♪ >> welcome to day one of "risk and reward." a brand new show on fox business. our ambition is to give you more ways to invest your money. our top story, high-frequency trading. author michael lewis dropped a bomb on wall street last night. he said average investors in the stock market do not stand a

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