say about microsoft. i own some of it. good morning everyone. we start with a question, what is the gm safety problem, what role did the new chief play. she testifies. three hours from now. the unanswered question, who has paid their obamacare insurance? how many uninsured are now insured? why did we ever bring such chaos to our health care system. the obama team is claiming success. what do you think? we bring you the boom in real-estate luxury, that will be $102 million. don't forget we are on dow record watch, we have the battle and the trumpets will signed. "varney and company" is about to begin.

auto executives flew to washington in private jets as they were asking for a taxpayer funded bailout. a very contentious hearing. they were embarrassed. today it is gm's c 0 in the hot seat. all right, rich, mary barra is a soft spoken woman. do you think that's going to deflect some of the hostility that may be directed towards her? >> reporter: i think the situation will deflect the hostility that we saw. you pointed out the optics that surrounded it and the questions whether or not they were tone deaf coming here, hat in hand in 2008, asking for bailouts having stepped off their corporate jets whereas marry barra has optically done the right thing. she's met with the families, she's going to apologize today according to her prepared remarks. she wasn't technically ceo at the time, however, there is a level of frustration among

lawmakers how much they direct specifically barra. she's the one representing the company, and they're going to want to get their outrage out, but probably nowhere near the level what we saw from wagoner four or five, six years ago. stuart: i notice that the stock is up this morning, closing in, again, close to $35 a share. we'll deal with that later. we do have another question for you. where is rick wagoner? he was in charge with gm all the way through the bailout. he left with a $10 million retirement package. judge napolitano is here. judge, why is he not being called to testify? should he be? well, somebody should be called to testify about what gm knew and when it knew. i mean, people died because of these defective ignition switches. so the issue is, the legal issue is, is there enough evidence from which a bankruptcy court can conclude that the bankruptcy needed to be reopened so that

the failure of the prior gm to have corrected this issue can be visited upon the current gm? or are the people who were injured by these defective ignition switches, do they have a remedy with whoever the vendor was that head the switches? there may still be a remedy for them without piercing the bankruptcy. but from my point of view, the bankruptcy was reprehensible. the government took over gm. rick wagoner had no more choice than members of congress did because of the authority the congress gave to george w. bush and to barack obama to move in and take over these companies and the misguided view that the government had to bail out gm or the economy would collapse. stuart: do you think it's possible that the bailout and the bankruptcy, did that cover up this problem which had been known within gm for years? >> the word "cover-up" is such

an incendiary word, and i really don't mind you using it -- [laughter] it would depend on what did gm know and when did it know it? is there anything in the bankruptcy documents in which this ignition switch problem was revealed? was the bankruptcy court put on notice? were there any plaintiffs who had filed complaints, had there been anywhere injuries articulated before the bankruptcy? all of these things are going to have to be looked at. i'll tell you this, if the bankruptcy is not opened up and if they can't articulate the manufacturer of defective switch, then those injured plaintiffs are without a remedy, and that would be reprehensible. stuart: now, i find it incredible to even think that the gm bankruptcy could be just opened up all over again, because if it's, judge, who has liability? the taxpayer? >> yes. stuart: really? >> yes. the way it could be opened up would be if there was fraud. not if rick wagoner and company inadvertently held it from the

court, if they intentionally hid that from the court. that's a very high burden. but that's the bar over which the plaintiffs would have to jump in order to get the bankruptcy -- stuart: okay. >> but may i ask you a question? aren't you and the plaintiffs having their day in court, my dearest stuart? or should we have the english rule? [laughter] stuart: wait a minute, the english rule does not forbid, it doesn't keep players out of court -- >> i know. it makes them a pay if they lose because it would be quite a gambit to open up this bankruptcy. this was the largest, fastest, least lawful, most irreverent bankruptcy in modern american history. for the court to open it up now would be extraordinary. stuart: do you think -- i've got ten seconds. is it going to happen? are they going to open to it up? >> i don't think so. i think they'll find a way to get some money in the pockets of these innocent injured plaintiffs and their estates which will avoid opening it up, because opening it up will be a real can of worms. you don't know what else is in

there. stuart: who has the power to open it up? >> a single bankruptcy judge in detroit. i don't know if he or she read everything that was presented. you're talking about millions of pages of documents. stuart: may i use the word incendiary to what you've got to say today? because that is. hey, judge, that was ground-breaking stuff. thank you very much, sir. check the big board, we're about how many points away, 16,588 is the intraday high, okay? so, therefore, we're about 60 days away from that intraday high for the dow. we're in record territory, virtually. look at the s&p 500, on track for another record close. you know, charles, come on in. looks like this market just wants to go up. >> it does, it really does. you know what's interesting about the market, we talk about it all the time from the march 2009 low, and that angers a lot of people. the most hated rally in history. i wonder why we never talk about it from the october 2007 high, because if we did, we'd be up 19%. that might put it in better perspective. by the way, 50% of the people

according to gallup think the stock market's a good investment. stuart: as of now. >> as of right now. stuart: half the people think it's good. >> right. stuart: at the peak of 2000, 67% of people thought it was a good investment. this is still a misunderstood market, a hated market, and it's nowhere near as frothy as previous times. stuart: all right. streaming is king, we say it all the time, and original content is next in line for the throne. here we have amazon renewing its first original series, and it's picked up six more original series. so, nicole, where's the stock? >> reporter: isn't this big news? up 2.1%, you mentioned alpha house which is the don goodman-ledty. they're picking up six new series, and we're talking about transparent which is one of the names that they've picked up, led by an emmy-award winning gentleman, writer, who had six feet under. so let's see if he can do this

for amazon. stuart: let's see. by the way, all this talk about general motors, we should tell you that ford had a good sales month. the stock, i think, nicole, it's up? yeah, 16. >> up 3.2 percent. it really jumped on the news. and this is because we saw the sales jump to the best we've seen in eight years led by, fosk, the f series pickup and the fusion. stuart: which we heartily advertised on this program, as i recall. tried to sell me one. all right, nicole, thanks a lot. let's get to obamacare. the white house is likely to announce today it's reached the seven million sign-up target. but there's one with key number that's not known; how many previously uninsured people now have insurance? unofficial estimates suggest it's anywhere from 400,000 to two with million. according to the census bureau, there are still 48 million uninsured people, but that was 2012. we've still got well over 40 million. so we've turned our health care system upside down to insure at

most two million extra people. that's incredible. beating obamacare author betsy mccoy, she joins us now. she's brought a prop with her, 7 pounds of pages -- 17 pounds of pages, whatever it is, 16 pounds or something. >> it's produced a net zero increase this americans with private insurance plans. all of this -- stuart: you're right. [laughter] >> all the start-up costs, well over $8 billion. all the new web sites, all the advertising, all the enrollment period as extended as it was, and at the end we have somewhere between 4.5 and 5 million people who have paid for obamacare offset by the 4.5 or 5 million people who lost their health plans because of obamacare rules. stuart: okay. i'm trying to keep up, i've got it down as to where we are. i want you the tell our audience what's next. >> ah, some big changes. the biggest dis enrollment, or you could call it a premium default crisis. stuart: you've got to explain that. >> yes, i'm going to.

of these four and a half to five million people who have purchased plans on the exchange, at least half a million, probably more, are going to stop paying their premium after the sixth month. stuart: why? >> well, because the sales tactics were shady and aggressive. you've got the president on a skit between two ferns telling young people you can buy this for the price of a cell phone contract. stuart: four and a half to five million people, you say, have paid. >> yes. stuart: they're insured, they have paid. >> yes. stuart: but you're saying -- >> about 10% or more are going to stop paying, soon, after a month or two. these plans have huge deductibles, so they're going to go to the doctor and realize they still have to pay full freight unless they're getting preventive care, and they're going to say, gee, i could make a car payment instead. stuart: so you've got disenrollment, people not paying even though they've started to pay now. >> that's right. stuart: okay. i just want you to listen to what charles krauthammer said about obamacare last night.

roll it, please. >> the estimate is 1-1.5 million of these people were uninsured before. the whole idea was insuring the uninsured, so that's going to leave about 40 million uninsured. and for that we had to cancel six million policies? and for that millions of people lost their doctors and their hospitals? stuart: he's making the same -- well, actually, i was copying his point from last night. look what we've done and look what we've got. >> very much a total disruption of the health care system, and it has yielded very little improvement. literally a net zero improvement in the number of people with private health plans and about a million to million and a half people signed up for medicaid. stuart: betsy, thank you very much for being with us. thank you. yahoo!, it's in talks to buy the online video service, it's called ndn, apparently be, it wants to compete with youtube maybe. yahoo!'s stock is 36 this morning, up 50 cents.

sales are soaring for gilead's new hepatitis c drug. here's the hitch, it costs $1,000 a day for treatment. i haven't a clue who's going to pay for that. the stock, though, is up 3. gilead at 73, up $2. president obama and the environmentalists still beating up the coal industry vigorously. coal stocks down big since the president took office. we're going to talk with a former coal executive, chief executive. does he remember when ten-senator obama said this? >> so the if somebody wants to build a coal-powered plant, they can. it's just that it will bankrupt them because they're going to be charged a huge sum for all that betweenhouse gas that's being emitted -- greenhouse gas that's being emitted. ♪ ♪ [ male announcer ] what if a small company

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(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. stuart: well, some of the rally is fadia little bit, but we're still above 16,500. where's the price of gold? i guarantee it's still below $1300 ab ounce, and it is, 1281, to be precise. look at the online travel stocks, they're up nicely.

doesn't appear to be a specific reason that we know of, we're looking for one. we'll let you know if we find it, okay? but all of them up today, and very nicely so too. all right, first, flash boys author michael lewis says the markets rigged by those high frequency traders. now we learn the fbi's investigating high-speed trading for about a year with. come back in again, charles, because it seems to me the fbi probe is toot excuse to -- another excuse to take money out of wall street. >> well really have to delve into this, i mentioned the hero in flash boys, his firm, iex.com, i implore everyone to look at this thing. stuart: iex.com. >> you have to look at this. these are the good people, and they start off with this video that talks about same-of sex marriage. it's blowing my mind what the heck this is really all about. you can find articles going back ten years. this is not a new phenomenon. stuart: true, it's not. >> and the part that he talked

about really seemed to remind me that the traffic going from new jersey, there's a much bigger picture here, and you wonder if the fb be i thing was part of this already. we see a lot of times when liberals in the private sector do things that coincide with all of a sudden an investigation from the federal government, i mean, conspiracy theorists, you don't need a -- stuart: true. it seems to me that in "the new york times" today there are three stories about these high frequency traders, there's a review of the book, there's -- etc., etc. seems to me they're jumping on the bandwagon to beat up on wall street. it fits the narrative. >> wall street is the villain. stuart: no matter what they do. >> and now, you know what? and somehow they're taking money from the firemen, the same-sex coup and the skinny black kid going to a dilapidated school. technology has done an enormous thing to democratize the market. if you wanted to buy and sell a

stock a round trip cost you $3 or $400. now you can trade for, like, pennies. the $1 that a high frequency trader pay nip you for, build that into the equation. not saying i like it, i really don't like it, but i think they're blowing it up into something with a larger mission here. stuart: i think the nipping may be a tenth of a cent on a dollar. >> yeah. something bigger is brewing. stuart: yeah, there is. all right. it's been a rough year for coal stocks, you know that. charles has been telling you in this for a long time. look at the five-year chart of the james river company, down more than 90% since president obama took office. that's a rotten chart. this one, too, alpha natural resources down 75% in the same time frame. former massey coal ceo don blankenship is here. don, welcome to the program. it's good to have you with us today. >> thank you. stuart: now, i dispute that your industry is on its back. the coal stocks, i got it, they're really depressed. but every ton of coal that you

cannot sell to an american power station you're selling overseas. and you guys still, what, you've got about, what, 40, 45% or of the market for generating lek splits you're not doing so bad. >> it's pretty rough. we're not selling as much overseas a we were because of the australian dollar, a little bit of slowdown in china. but the big issue that obama's administration hasn't only attacked coal on the environmental side, they're attacking on the production side, so they've driven the cost up as well. stuart: all right. do you think it's all over? >> no. i think there's the u.s. industry which is in bad shape because of the way it's treated by the government, and then there's the world industry which is growing rapidly and providing the electricity that's allowing the growth in asia and throughout the rest of the world. stuart: so if the american entry is under attack and -- industry is under attack, can thatturned around? >> the environmentalists will not change the rules under the current gorveghts it won't.

stuart: do you really think if you've got a republican in the white house, a republican-controlled senate and house, you've got all three, you sweep, do you think you can change those regulations back to favor the coal industry? >> i think at some point if you want to get rid of the $17 trillion, you've got to have low cost electricity, and you can't get it out of wind and solar and burning garbage. you've got to get it out of coal. >> can your industry make the counterargument to the public that, hey, we want to do all these things, clean coal's not an option we're on, but the way the administration's ramming this stuff down our throats, we're closing this plant? people should notice their electricity bills have gone through the roof even before the polar vortex. when does your industry go on the offense? >> as you might know, identify been on the offensive for a long time, but the industry's, i guess, intimidated by the government. and the problem is the environmentalists who think they're improving the environment are doing just the opposite, they're exporting to countries that don't have any pollution control, and all the

work and money that's been spent reducing solar and arsenic and mercury is going to waste because all that pollution -- stuart: we take your point. but i think charles has a good point here. i don't see you guys pounding the table. we can bring the cost of electricity down, we can do it, we can supply you with reliable energy. i don't see you doing that. >> well, i think that a few of us have but not enough of the industry. the industry, again, is very swim dated. selective enforcement of the laws, you know, being afraid of the general public view on climate change and so fort forth. they feel defeated, and thai not willing to stand up and take the risk to their individual company. stuart: so i shouldn't buy a coal stock for at least three years. [laughter] >> you've got a lot of shareholders that don't want them to -- >> i get whacked in coal, every time i think i've found a bottom, nope. golly. [laughter] even though the metallurgical side, okay, we're going to rebuild the country. nope. it's been a tough ride. stuart: it has been. >> and i guess it will be for a

while. stuart: don you so much for joining us. >> appreciate it. stuart: senator barrasso says the administration is cooking the books when it comes to obamacare, said it right here on this program. the white house response after the break. ♪ ♪ [ male announcer ] legalzoom has helped start over 1 million businesses.

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stuart: senator john barrasso believes e administration cooked the booked on obama withcare. listen to what he said on this program yesterday. >> 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. let's tell the story all the way through. husband spokesman jay carney got wind of senator barrasso's claim. listen to how he responded. >> if we were cooking the books, don't you think we could have cooked them this october or november? stuart: at least he responded. listen to how kathleen sebelius responded to a question on the unpopularity of the law. >> oklahoma mans don't like obamacare, and they've been pretty vocal about it. thousand, that's going to be --

now, that's going to still continue to be a tough sell, but we'll see how that plays out over the coming months. all right. secretary or sebelius, thank you so much for being with us this morning. i think we've probably lost sound here or or something. >> oh, i can hear you, but be i -- thanks for having me. >> you're welcome. stuart: awkward. still no answers. tens of millions of people are up insured. all right, we told you we'd look for a reason why the on line travel companies were rallying. here it is! more clicks on their ads. they saw an increase this clicks while e-retailers like amazon and ebay saw a e decrease. those online travel stocks are among the leaders of the s&p 500. nice gain, 3, 4% each. the head in the usa label -- made in the usa label, rare sight these days. all right, after the break, the director of a new documentary that hopes to change that, bring jobs back to america. look at this.

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stuart: we're at 14,177, we're up almos0 points. this is a new high for the tow -- i should say, it is higher than the old closing high. 15,000 on the dow. there you go. it just happened, ladies and gentlemen. while ed was on in this show saying stocks are undervalued, 15,002. thank you, everybody, 16,000. happened right here, 20 seconds into the trading session this monday morning. [laughter] i guess you could say we kind of got lucky with that. these major milestones on the dow often occur on this program. right thousand the number to watch is 16,538. that's the -- 588. that's the intraday high. well, we're a ways away there that, but we're watching it,

okay? here's a couple of the stocks that are moving the dow 30. cisco up nicely, disney's back to 81, boeing at 127. all of them up nicely. and now charles says, he says he's going to the make us some money with something called extreme networks. never heard of it. >> you never heard of it? stuart: yes, i have. go. >> it was like one of the high flyers. for an example, in september 2000, it was -- stuart: i did an interview with a guy who founded that. he's got a bowling alley in his office, and i went bowling with him, 1999. >> the company is really turning it around. they still do the network stuff, but they've incorporated the cloud, private and public and all that. you know, the nfl hired them to monitor the traffic at the super bowl, and this was an interesting thing. out of the 82,000 fans, at the peak 13,000 were online through their mobile devices, 60% on facebook, 18% on twitter, 17% on the internet. but, you know, listen, they do a lot of these things.

the last time they reported operating margins from 1 finish 11% from 3%. love the way it's acting, doing a lot of conferences, a lot of investment shows. i think it's got room north of $8. stuart: so you'd buy it at $6 and look for it to go north of $8. >> absolutely. stuart: why didn't you say that absolutely? >> gotta give you the lay of the land. stuart: thank you, charles. >> you got it. stuart: there's a new documentary that explores the decline in u.s. manufacturing and the difficulty of competing against cheap foreign labor. it's called american made movie. here is a clip. >> have you ever really thought about the people involved in the game beyond the coaches and players? what about the folks who make the bats, the gloves, the baseballs or even the souvenirs in the gift shop? your purchase of that ticket affects their livelihoods. the patterns hold true in all the purchases we make in our everyday lives. stuart: we are joined by the director, vincent victoria. >> thank you so much for having

me. stuart stoort i want an exampleover manufacturing in america bringing jobs back from overseas. go. >> new balance. new balance sneakers is the last athletic shoe manufacturer in america, and while they do have factories overseas, they're making things here in the usa. stuart: well, why? is it cheap energy? is it tax breaks? what is it that -- why is it that they manufacture here? why? >> this sounds like an endorsement, like a commercial, but it's not. i truly believe that new balance as a company believes in america and believes in employing americans. we spent time in some of the factories in maine and really made a connection. the pride that these people take with putting a shoe together. i mean, i have a new relationship with my sneaker. sounds odd, but knowing that somebody cares about it and they're employed, you know -- stuart: well, look, pride of building something in america is one thing. but if i'm running a company, i want profit. i've got to see that it's more efficient, i'm making more profit if i make stuff here. ask you're telling me that these -- and you're telling me

these people are motivated not by the desire for efficiency and profit, but by almost nationalistic pride? >> you know, i think demand is what changes that equation there, because if more people come out and demand it and show with their purchasing power what they can do to buy things that are made in america, it'll change. stuart: but do consumers do that? >> i think they are. stuart: do they think i want to buy this because it's made in america, or i want to buy this because it's cheap? >> i think they are now. take the organic food label, right? twenty years ago that was crazy, you know? it was just a bunch of people in berkeley, california. now you go to a truck stop and you see organic everything. people embrace the organic food label and the american-made label. if we can pay lebron -- stuart: prove to me they're looking for the made in america label and buying that label. >> you know, it's in the numbers. you see today, you know, there was, i guess, in reuters i was reading about manufacturing, the numbers going up just a little bit and showing that glimpse of things are improving in this

country. and it's never going to be what it was, but at the same time, if enough people get behind it, it's going to change things. take walmart. the news of specifically putting products that are made in this country. now, granted, it might be just one shelf, but if everyone comes out and supports that, then, you know, it's going to return to two shelves and three shelves. stuart: this is a dc unitly you've got -- documentary you've got. >> yes. stuart: can i stream it? >> you know, it will be available streaming starting may 20th through our web site, theamericanmademovie.com. and that's the cool thing, technology's changing, you know? it's allowing people to be directly can connected to the content. stuart: the best thing that happened to documentary makers is streaming. are you going to make a profit on this movie? >> well, you know, we're not about profit. we're about reach -- stuart: you're not about profit? be this is america, the united states of america, and you're telling me you're not about profit.

>> it's about reachover return, if you can feel good about something you did -- stuart: who funded this movie? >> slimmed partners -- limited partners, people who believe in the issue. stuart: are they not looking for profit? doing it from the kindness of their heart? >> they believe in the reach, and they believe in this topic, you know? we have some great producers that, you know, limited partners out of georgia, the stricklands, that had a great, you know, passion for bringing this topic to change america. and that's what we've done. everyone that's watched it feels like it's something that's going to change the way people use their purchase power in america. stuart: vincent, good luck. i'll watch the movie, promise. appreciate it. i will say it again, men buy, women shop. after the break, a new app that may prove i am right. ♪ [ male announr ] how can power consumption in china,

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streaming box, shares up nearly $6. ford says vehicle sales rose 3% last month, that's the automaker's best showing for the month of march in eight years. shares are up 3.5%. take a look at intuitive surgical. the company reporting that the latest model of its da vinci roboticcal surgery system received approval from the fda, the stock is on fire, up 8%. and reports that caterpillar avoided $2.4 billion in u.s. taxes by shifting profits overseas to a swiss affiliate, checking showers, up about half -- shares now, up about half a percent. up next, men are dressing better, and it's all thanks to e-retail. hmm, i don't know about that. there are

stuart: ford, not the only one with strg sales. nicole, tell us about toyota. >> reporter: the shares actually got a nice pop just after the numbers came out, moved to the highs of the day. since pulled back a little bit, right now at 113.04. toyota's sales numbers came this with the rise of 5% for the month of march, that outpaced expectations, so you have the sales boss there at toyota saying we are optimistic that momentum will spring us into april. so some good news from toyota. stuart: yeah. u.s. sales up nearly 9%. that's pretty good within the united states. thanks so much, nicole. i've got -- this is a story i really like. you can call this a sign of the

times story. get this, men are dressing better. i don't know who says that, but that's the script. all thanks to e-retail. men no longer have to browse around and try on ten different shirts right out there in the open in the middle of a store, no. they can shop from their couch. michelle -- [inaudible] is a major player with her app, p.s. department, and she is here now. so you've got an app -- >> i do. stuart: it's not on my iphone yet. >> okay. let's get you in. [laughter] stoort stuart p.s. department, is that it? >> personal shopping department. stuart: so if i had the app on my iphone here, i press it, i tell it what i want. i want shirts for spring, for example. >> okay. okay. stuart: and back to me comes what? >> so back to you come text messages in the app -- stuart: do i see four shirts? >> you'll see recommendations from the best personal shoppers and your favorite stores sending you what they think is cool,

what's great and perfect for you, and then you can just buy right in your text message. stuart: okay. so they will send me a selection of shirts for spring for stuart varney in the month of april. >> you got it. stuart: here it comes. and do i say i want this size, this color, do i say like that? >> yeah. you can text back and forth, you can tell them exactly what size you want, and your credit card's stored right in the app. stuart: and i, through this app, am in contact with a real live, human being, a real person? >> they are personal shoppers and sales associates at paul smith, at michael kors who are ready and willing to textbe with you any time. stuart: and 30% of your customers are men. >> yes. we did not expect that, but, yes. stuart: oh, you should captain that. [laughter] charles and i, i'm pretty sure, do not like going into a department store trying on shirts and suits. >> oh, yes. stuart: am i right, charles? >> you're right. [laughter] stuart: but if i had your app, i could do it from home.

how do you make your money? >> it's a complimentary -- stuart: so you get a piece of every sale. >> we do. stuart: okay. suppose i bought a shirt for $100. how much do you get? >> well, it differs -- stuart: give me a range. >> i won't disclose that, but -- stuart: what? >> i know. stuart: you come on this program, i give you a fantastic commercial -- [laughter] you buy tens of millions of people, and you won't tell me the range? >> i'll just say that it's definitely great business to be in right now. stuart: give me a percentage. a rough percentage term, okay? >> it's, you know, it depends on the type of store and what -- you're not going to get it out of me. >> less than 50? >>less than 50, i'll say that. stuart: is it between 20-50? [laughter] >> you're close. stuart: so i could say 15% will be about right. >> sure. [laughter] stuart: your overhead is pretty limited. >> it is, because you're actually texting with the

employees of the stores themselves. stuart: michelle, you are a fine american. >> oh, thank you. >> how are you marketing your -- stuart: she comes to us, charles. >> i come to you, i'm on the show. actually, we've had some great organic growth. people have great service in the store, they tell friends, friends tell friends, it's been fantastic. stuart: when did you start? >> just before the holidays. stuart: so you've got six months in business roughly? gross revenues -- >> we've been growing wildly. stuart: gross revenues in six months. after after. >> we're doing well into the six figures already. stuart: that's hundreds of thousands of dollars. >> yes. stuart: so you're shy of a million. >> we are. stuart: so at 15%, you're still shy of $150,000 rev knew to you. >> that sounds about right. stuart: it does. got it. [laughter] >> you know, we are actually the first in the space, so, you know, before starting p.s. i was in fashion for ten years and saw this need, you know, being someone who was working all the time, never had time to go into

the store and just was like why can't i text someone? stuart: you realize after this you're going to have a lot of competition. net profit margin is not bad with a low overhead. that's pretty good. >> yeah. i'd say our investors agree as well. stuart: would you sell your app? >> i don't know. right now we're just having a lot of fun -- stuart: the if i came around -- if i came along and offered you $10 million right now? >> probably not. stuart: $15 million? [laughter] >> we're not for sale. [laughter] stuart: why did you start this? >> you know, i was in fashion for so long and just saw this enormous need to really evolve the retail space in general, you know? so many luxury brands have a tremendous amount of capital tied into real estate and their staff, and when you walk by these stores and people aren't coming in, how do you drive the needle, how do you move the business? stuart: look. we'll take your check for $5,000 was we just gave you one remarkable commercial. >> oh, thank you. [laughter] stuart: thank you very much.

michelle, that was really good. >> cool. stuart: and the app is called p.s.d., is that accurate? >> yes, it is. stuart: it's an app. >> it's an iphone app available on the istore. stuart: only on iphone. now she tells us. thank you so much for joining us. you put up with me very well. >> i tried. [laughter] stuart: okay, everybody, look at this. this is a mansion in los angeles. it's selling for more than $100 million. it was a bargain, we're told. now, why would that be? we'll tell you why next. ♪ ♪ [ telephone rings ] [ shirley ] edward jones.

[ male annncer ] with nearly 7 million investors... oh hey, neill, how are you? [ male announcer ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing.

stuart: all right. lauren is still with us. she sat through that last interview remarkably well. i want your thought on men buy, women shop. >> you're right. you are right. men go shopping when they need something, so they typically go to one store, come out with what they need. stuart: is that a sexist system on my part to say that though?

>> it is slightly sexist, but i think most people would agree with you. stuart: are you glad you're on this program? [laughter] >> great. stuart: charles? >> i agree. yeah. [laughter] stuart: an's estate in los angeles has just been sold for $102 to a mystery french billionaire. it's an all-cash deal, it is the most expensive home ever sold this los angeles county. what is a frenchman doing bringing his money to california, you may ask. well, the estate was built in 2002, $125 million at that time, no takers, so the buyer got a par gain. he got it for $23 million less. now, there's more news on pricey reality. look at that, please, the average price for an apartment in manhattan. the average. $1.7 million. up huge from last year. lauren, charles, $1.7 million and $2.3 million average for a condo? what's going on?

>> it sounds absolutely outrageous. but it mirrors these large cities around the world including london. it's money coming from all around the planet to these big metropolitan areas -- stuart: it's rich foreigners. >> by the way, i've been talking about rich foreigners and rich people around the world for a long time as part of my investment thesis. the world is doing very well, we're beneficiaries of it. stuart: why would you move to manhattan, bring all your money with you when we're going to tax millionaires bigtime -- >> well, people who are spending $1.7 million have a lot more than that. they're buying all cash, many of them, and inventory so low, that's a -- stuart: look, i think that these international multimillion theirs, they choose how long they're going to live in manhattan. they'll keep it under a certain number of days so they don't qualify as year-round residents so they don't get the tax. >> you say exodus of billionaires out of china? if i was a chinese billion power in, i'd rather have an apartment

in manhattan -- >> there are things near lincoln center that the lights are always off because no one's in them. my neighbor, he's been living there for decades, i've never seen him. i heard he comes from the middle east. the doorman has seen him one time. stuart: you know, these foreigners, they really get to me. [laughter] >> i know. thigh try to correct your -- they try to correct your grammar and everything, i don't know what's up with them? stuart: i don't know what's up with them -- [laughter] thanks, everybody. let's close this out. the tax reformer in washington, he's one of the top lawmakers. he's the guy behind tax reform. what does grover norquist think about that? dave camp is the name of the guy. he's the guy who's tax reform, he's leaving what does grover norquist think about that? we're going to tell you. plus, i've got my own ask payne today. i'm going to ask charles about chipotle. i want charles to tell me why that stock has gone up and up and up and up and up, because we're going the talk to the ceo

in of chipotle in just a moment. stay there, please, we're back in two minutes. for over a decade

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joke. gm failed to fix problems they knew about. two hours from now, facing congress and we have the congressman who will be asking the questions. dave camp demanded lower tax rates. now he is leaving congress. where does that leave tax reform? grover norquist has the answer. what about chipotle? its stock boomed. is it just good pr or a really big profit? the ceo is here. what about hepatitis c drug that costs $1,000 a day? who is going to pay for that? dr. siegel is here. my take on obamacare. here comes that two care system, one for the rich and one for everyone else. smiles rejoice.

the market set a new highs. here we go, the second hour. as i said release and smile because we are on record watch for the dow industrials. the number to watch is 16,588, that is the intraday high. at the moment we are 78 points away close to record territory. look at the s&p, that is set for another record. the market seems to want to go up, $18.70 on the s&p. a couple big-name techs to watch. amazon proved basically content is king, renewed its first original series out of the house, picked up six more original series, stock is up $5, watch out youtube, yahoo! in talks to buy the online video service, stock is up 1%.

dave camp is the chairman of the house ways and means committee, a leader of tax reform. you will not seek reelection, he is leaving so who is going to be the tax reform movement now? americans for tax reform president grover norquist may be able to give us some ideas. i think i am writing in saying that dave camp came out with the premium tax reform plan, lower rates, fewer deductions, get the economy growing, he is gone. he's leaving. to take his place? >> it is important to remember why he is leaving. you can only be a chairman for six years. he will have served six years in december, as most chairman do. who is the next chairman, paul ryan of wisconsin, congressman brady of texas. whichever one it is will take can't's work and move forward on it. the reason not getting tax

reform now democrats in the senate, obama is the president, they would stop any meaningful tax reform. we move forward from where camp took us. stuart: i thought dave camp's plan was really bold. he is talking about radical cutting of tax rates, getting rid of all kinds of deductions and we come to know and love in many cases. he put his foot on various interest groups but it was a bold plan. do you think manlike paul ryan will fall off with an equally bold plan or build further from the dave camp plan? >> absolutely. the republicans are committed to taking marginal tax rates down to 25% and below. remember our corporate income tax is 35% in the united states plus 5% average state tax. it is 40% in most states. compare that to the european

average, 25%. we are not competitive internationally. at the corporate level, or at the individual level our taxes are higher, what we want to compete with. we have to move in that direction. obama and harry reid have said they will look at tax reform if it raises at least $1 trillion over a decade. you can't do much tax reform if you are hiding a tax increase in the middle of it so you have to wait 4 different senate leader, hopefully after this november and we probably have to wait 4 different presidents, republican house and senate might be able to pass some meaningful tax reform that obama would have to sign. stuart: a lot of turmoil in the republican party at the moment. there is some turmoil there. i you convince tax reform is the mainstay of the entire party? whether it is the radical in the tea party, the moderates,

whatever branch of the republican party you are talking about, if everybody united around the need to lower tax rates, get the economy moving forward, limit deductions? >> absolutely. there are two areas of agreement among all republicans right to left, middle, center. that is tax reform along the lines that dave camp put together and also paul ryan's budget was passed again for the fourth time in the house with overwhelming republican support. that is reforming entitlements so the republicans have put in writing reforming entitlements and reforming the tax code and put it forward for everybody to read. compare that to the democrats who said we have an obamacare plan you can't read until after you elect us and by the way it is 3,000 pages and doesn't quite work. i think the republican strength is they have four times voted

for entitlement reform in the house, and have laid out a written down plant on tax reform and we can have a national debate about moving in that direction. should the republicans win the house and senate they will have the right to say we should you what we are going to do, it was written down, now we are moving forward. the democrats lost that moral authority of obamacare when they did what they were up to until after the election. stuart: always a popular guest on this program, the audience loves you. when i argue with you they hate me. >> we are a house. you are rarely wrong. stuart: rarely. i prefer never. >> you can work on that. stuart: thanks a lot. we will see you again soon. take a look at the stock price of general motors, down 14% this year, just a tad higher this

morning. less than two hours from now this ceo is going to be grilled on capitol hill, the families of some of the victims of gm's safety problems spoke outside this morning on capitol hill. some of the motion miss power will be facing later today. >> the need to be held accountable to the public for the deadly and tragic consequences allowing these deadly switches to be used. i believe it is necessary for the department of justice to conduct a criminal investigation to determine if there is culpability by gm, who inside the company should be held responsible. stuart: congressman steve gobies is on the committee that will be asking mary bauer the questions. welcome to the program, good to have you with us. is there a suggestion here that the bailout and the bankruptcy of general motors was the cover for the safety problems within

general motors to >> we surely don't know that right now. our prayers go out to the victims of those families because there were over a dozen americans who lost their lives but a lot of serious questions gm and the federal government i going to have to answer about the timeline of when gm knew about this problem, actually made a change in the design of the ignition switch but not until 2014 that gm and the federal government initiated this recall. there were people who've lost their lives in those years in between and why such a delay? stuart: is it possible request nehr who was ceo at the time when this change was made and this falls was found and not fixed, and at some point in the future. >> with an investigation like this, the oversight subcommittee, answers to very valid specific questions and

let's see where these answers lead us, and if we bring in others, our chairman, chairman murphy will do that at the end of the day we have a lot of questions that will be asked today and the american people deserve answers. stuart: i looked over your jobs plan and i will challenge you. you know you have a jobs plan and it is never going to pass while president obama is in office. we don't need to know the details of the jobs plan. most people do know that but it not going to happen. >> i enjoyed your conversation with grover earlier. most americans know the number one problem facing our economy are getting good jobs created and getting the government out of the way. the government is the biggest impediment that i hear to getting jobs and the economy moving. the republican study committee the group that i chair 175 members of congress strongly put together a bold plan focusing on unleashing energy opportunities, getting these radical regulations out of a way that a

killing jobs and not doing anything to help people. get some of the other hurdles on the way to get our economy moving again and if the president doesn't support this, in the senate, that is something voters won't have this november but at the end of the the republicans ought to bring bold ideas forward and give the president wants to come along he is watching the n.c.a.a. final 4, the american people want to focus on the economy. we are focusing on the economy and on like him to join us. stuart: good luck, we appreciate you being with us and we will see you on tv this afternoon when you are questioning mary bauer. we pretty have good sales at ford motor co. and i believe the stock is above $16 a share. >> it surpassed analysts' estimates, they did well with the fusion and the f-series pickup and look at the stock now 4%, 1623. i want to look at the auto parts

makers and they are doing really well with names like tower, seven stocks in that category hitting record highs. barton motors, running international 2% as well. stuart: let me break in, i have breaking news for us. from the sports world there are multiple reports that say tiger woods will miss the masters and undergo back surgery. the masters tees off in the week and at half. and he is out this year. the masters to me is the premier golf tournament everywhere in the world. that is a big deal. >> first-time tiger woods mcmasters, he is an amateur. this is a big deal for the golf world and the tv ratings world by the way as well. people who don't play golf watch golf just to watch tiger woods.

big deal all around. it will be interesting to see how this plays out because he withdrew from several tournaments recently for back spasms. he will undergo surgery and rehabilitation will be a big question. stuart: he hasn't won a major along time. is back is a problem. >> there has been a lot of speculation that he has been withdrawing from tournaments because of back problems because he wasn't playing so well. we will give him a fair shot. stuart: when we got confirmation that he will not be playing. we just got that. it is official. another big name you know. take a look at facebook. facebook's number 2, cheryl standard, number 2 in command of the corporation sold half of her stake in the company since the ipo. what do you make of that? she has literally sold half of her big stake since 2012. cheese still has 1/2% of the company. >> still one of the largest shareholders. adam: one 17 million shares but what do you make of that when

she sells half of it? >> you start wondering and speculating what she's going to do next. it could indicate she will make a big move. some speculate she will take public office. she said that is not in the cards but there's a lot of talk that that could be her next step. maybe she is being pursued by another competitor. stuart: disney. i keep hearing cheryl sandberg. sandra: she is the number 2 person and she has orchestrated a lot of these deals and recent acquisitions by facebook. she has been a driver of revenue for facebook and has proven herself. stuart: she made mark zuckerberg rollout. he no longer wears the hood day. youtube ads, lebron james, comedy videos with the president being used to target young people. get them to sign up for obamacare and kathleen sebelius as it is working. we have that next. friday night, buddy.

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stuart: cutting into soda sales lauren simonetti is here. >> we're not drinking subtle or diet soda. we stopped drinking soda because we worried about our weight and switch to diet but we not drinking some diet stuff because of artificial sweeteners. we will show you the numbers. down 1/2% according to beverage digest but coke is the top-selling brand. that is the big deal. that is down 7. wahabi drinking? sports drinks and energy drinks? energy drinks up 5%. most would be caffeinated. certainly under fire. stuart: is there something wron? some kind of additive people think is a health problem? >> research shows it is safe, people are still cautious. we are all about organic. people by $8 fruit drinks every single day, they want the

benefits of the oppressed fruit or raw fruits in the drink. stuart: i don't spend $8 a day. >> a lot of people do. if you go past the rejuvenation, the line as of around the block. stuart: that was an eye opener. 20% in march, pandora is bouncing back, almost 8% just since friday's close. i just canvassed everybody in the studio. almost everybody here, a pandora account, nobody pays for it so they have to listen to the ads. sandra pays for it because she is rich. you enjoy being on this program? up to a point? >> i don't like the ad cutting. stuart: don't even know? oh man.

speaking of technology. china's most popular internet search engine. got a nice pablo. did you just see the stock a moment ago? 158. president obama appeared on between two firms to promote obamacare? listen to what kathleen sebelius had to say about that. >> we definitely saw the web site traffic surge between two ferns interview went on. more importantly what we're trying to do is reach people in a language they must understand. certainly zack reaches a certain audience. stuart: tell all news editor joins us now. i think the president's our reach with that specific audience in mind was successful. he reached that audience. whether or not they actually

signed up and boss obamacare is another story but i think he was right to drive that avenue. >> a pretty scary thing we are trying to speak that language. what does it actually mean? the white house is being dishonest and delusional if they think new visits to the web site automatically equal involvement. let's not forget the administration isn't giving us a specific definition of what and rolled means. it used to be you put a planning your shopping cart and somehow count it as being enrolled in obamacare and young people are not doing that. michele obama might think there knuckleheads but they are smarter than we give them credit for. they can't afford it and are not going to pay for it. stuart: you are a millennial and obviously in the company of other millennial all the time if. what do they say? are they gung-ho for obamacare? do they want to get out and get that policy or what?

>> half of them don't care quite frankly about obamacare and the other half couldn't afford health insurance before, they've gone on the web site at looked at it and figured out they can't afford it now. they don't want to pay for it. there was incredible analysis in forbes how much obamacare will cost young people. the young person making $25,000 out of college in a place like arizona under obamacare under the law was plan will pay $2,500 just in premiums for obamacare. $2,500 out of the $25,000 a year salary as a lot of money and when it comes to why people want to spend their money on, they are sure not going to do it now. they don't see the benefit of this ensure don't like paying for other people's things and that is what obamacare is doing. stuart: in the last two presidential elections the millennials came out in force for president obama and like him, they were on his side and like his program, a good president, they voted for him, have times complete

>> reporter:? >> the key was they thought he was a great guy, not paying attention to his policies or how the cost of his policies were going to affect them. a new set of polling from american foundation showed the new set of millennials coming through college at the exact opposite view of the millennials that elected president obama in 2008-2012. interesting to see how the millennials before me are looking at his policies and saying not liking what he has been doing, time for a change. stuart: real fast could you define millennials? >> that is technically people between the ages of 18 and 30 to 32. a big swath of that generation so there is room in that block for disagreement and changing opinions especially when it comes to different sets of policies passed throughout the course of the presidency. stuart: thanks for joining us. come back soon.

i was born and raised with socialized medicine, britain's natural -- national health service. now i think it is coming here and i have a personal story for you in a moment coming got. . up. . [ male announcer ] it's here -- xfinity watchathon week,

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stuart: laughing at something else. i am sorry. i have my own asked charles payne today. i want charles to tell me why jacobi stock is $570 and actors that, got to talk to the ceo of chipotle five minutes from now. the feds want a mandate backup cameras to be installed. s the best doctors.

that is what britain's health system has become. two systems, one for the wealthy and one for everybody else. here is my take. the two tier system is coming here. obamacare is doing this. let me explain. many doctors are refusing to take new medicaid and medicare patients, they don't get paid enough to treat the poor and the elderly. many hospitals have rejected obamacare's exchanges out right. many of the best doctors have been excluded from networks because they charge too much. the best are leaving obama's system. they will be treating people who have the money. the top tier treatment is already being reserved for those who can pay. it is happening now. everybody else faces longer wait times, fewer treatment options, restricted of drug choices and a shortage of doctors. two systems, private and public, one for those with money, one for those who don't have money. that is what happens when government tries to organize your health care.

that is what obamacare is doing to us and is difficult to see a way out of this. obamacare is in place. it cannot be repealed for the three years and is getting more firmly entrenched all time. the left wants this, they like this because it makes voters dependence on government. let's get to my relative in england. when he was first diagnosed the went straight to a specialist, paid for treatment, paid for personalized drug regimen, paid for therapy, paid for support, it worked, he remains active despite eight years of suffering a degenerative condition. if he had gone to the public sector he would not have seen a doctor he wanted and i doubt he would be in the condition he is in today. i think i am in a pretty good position to offer objective judgment. my judgment is this. obamacare is a disaster. obamacare is socialized medicine in disguise. we will all pay a price for this president's leftist policies. [ chilen yelling ]

[ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. ♪

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price down. companies like gilead science dooz turn on investment. this is a home run drug. it prevents hepatitis c from replicating this is traffic. >> does it cure it? >> it cures it and it can be used in replace of another drug which $1,000 a day. how long does it take. obamacare is talking about what's good for everyone. let's spread a thing blanket across the country so everyone has mammograms but when you need a drug like this, it's only a specific population, 3 million

people but a specific population. so it's a medical care, this drug i predict won't be covered by some of these insurers until competitors come in. dr. mark seagal, thank you. >> thank you. >> it's aningably rumor. curious about a stock? i was, so ask charles about chip chipolte? >> it's extraordinary growth machine. so great this kid we had on in the first hour, made in america how people would pay premiums, their customers pay huge premium for their products. last quarter the sales were up, comparable sales 9%. mcdonald's were downnd burger king up up half a percent.

that gives you a size of how much demand they are commanding. >> so the story behind the stock is the growth in sales at each of their outlets. >> and pricing power. people are paying a premium. about a year ago the hedge fund manager says taco bell is doing great. this guy is out of his mind. they don't have any real competition. i'm comparing this to whole foods. the first ten years it traded up 2,560%. the first from whole foods trading to 4,000%. so far, chipolte mexican grill is up 13%. a lot of people think it has room. >> so they're following whole foods with the same -- you think has the same potential. >> same dna where it's unique fit, people pay a premium with a captured audience and very little competition. >> you've been talking about chipolte's success. part of the image is sustainable and clean farming, an idea

portrayed in farmed and dangerous series. look at this for a second. >> do they know what causes this. >> i would put my money on the petroleum. >> they pay us to fix their image, not cattle. >> that's interesting. that's put out much chipolte, it's funny and makes a social point about factory farming. with me now is the man behind it all, mmnte moran, welcome. >> nice to be here. you're only as good as your last growth rate which charles payne just says is 9% of established outlet. can you keep it up? well, i think we have a shot at doing that if we keep doing what has made us successful for many, many years. producing great food that people love to eat and having a great people culture that allows us serve people in a way that makes them feel special. >> how much of your success is really, really good pr because

that movie, the little clip we showed is funny and makes the social point. you're very big on healthy food, i've got all of that. how big of a part is pr, public image in getting those people to come in and buy your stuff? >> yes, i think public image is important but the most important public image is how our customers feel when they come to chipolte so i would say the best marketing we've had is the word of mouth of customers to go into restaurants and have a special dining experience. that special dining experience cups from essentially two important things we do. one is an vegetable future culture on the best raw ingredients with an eye towards sustainability and animal husband drive and serving it in an hope kitchen that our customers enjoy and we have people serving those examplar who carcustomers.we serve top pe

and put them in circumstances where they're empowered to be at their best. this combination, great food culture and people culture is what we focus on what is driving our success. i'm con since violenced of conv. >> when will we see breakfast? >> it's not a top priority at this time. our top priority is to keep making raw ingredients better and better and keep improving the people culture by having top performers at their best. you know, almost all of our managers come from crew positions so people come in hourly positions and within a short time they're finding themselves manager at chipolte or restauranteers who create teams of top-performing folks to achieve high standards. that opportunity keeps dynamite people applying and helps us to continue giving the customer experiences that our customers have come to expect. >> mon teayou are good at puttie

message out there in an un-threatening and interesting way. >> i appreciate that. >> the ceo ofky pole day. thank you for being with us. >> thanks very much. take care. the fbi looking into high frequency trading. the wall street witchhunt goes on. it plays the real half time report coming up.

>> amazon is stepping up its video streaming game and renewed alpha house green lighted another six series and tomorrow is expected to debut a video streaming box. amazon up 2% and twitter is buying two european tv analytic firms as part of the a plan to expand you it's integration into television programs around the world. let's check the stocks. up almost 1%. online travel companies rallying today seeing a big increase in clicks on your ads is exmedia, trip adviser, price line, trading to the upside. the big winner today, intuitive surgical that the latest model of the robot cool system

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sandra smith in new york. scott, flirting with new records on the dow and s&p 500 stocks want to go up. will you fight me on this one? >> no, i can't fight you on that one. i think what we saw happening in europe with the stock market rallying and going into the etb meeting that might be key and obviously at the end of the week we have news ahead of us but i still think this market wants to go higher and if we get anything good, it will really go higher. >> the ecb. you nearly got the buzzer on that. that's the european central bank. ed, you are bullish or are you not? >> i am bullish for a short period of time. i think we have a lot of headway ahead of us because the earnings growth in our companies here are drived froderived from the bord. when you hear china, we're going higher but let's be careful because it will be short-lived. >> charles? >> i agree but i think ed is

wrong. i think europe is surprising. the bar is low and the emerging markets will probably pick up the slack. so i think the global argument is in place. >> sandra, what say you? >> i like the change in leadership. if somebody were trying to present a bullish case scenario, it's that telecom and utilities, all of the high dividend safe stocks that lead the way in the first quarter and this morning, it's consumer discretionary, like retailers, travel stocks are doing well. so it looks like investors will get more aggressive here. >> nicole, the big story of the day will be general motors chief testifying on capitol hill about an hour from now and the stock is higher. where are we? >> let's look at the stock exactly. the new ceo the general motors has to take the helm and brace what is the problem of a company that dates back to 2005. the stock is up 1% at the moment and they're likely to tell the

lawmakers that they'll get to the bottom of the problem. we have the new recall for gm and over 2.5 billion recalls from about the ignition switch. and deaths involved as well so we'll hear from victims and the families, the survivors of those victims. it's going to be tough. >> it's interesting that the stock is holding at $34.35 a share. >> sandra, outrageous comments from michael moore. >> shocking, with outrageous comments. he's taking to twitter saying i hope son in the obama administration will get the handcuffs or the swat team and hall away anyone with anyone to do with this. this is a guy who makes profit when he makes a movie on tragic events. >> let's go to ford motor company, the stocks are a winner today, higher sales, scott, do you have anything to say about a stock,ford motor company?

>> yeah, you know what, i have likedford alliked ford all alon. so i think it's a halt and i think it continues its rally because i like their mottos. i think people would agree with me, what they've done over the last two, three, focuser years has been innovative and changed the ways those cars look. >> do you drive a ford f-150 in your cow jacket? >> no, but we have a ford f-150 on the farm. [laughter] >> i knew you did. the fbi has been investigating high-speed trading for a year. the news came the day after flash boys michael lewis went on 60 minutes to say the market is rigged by high frequency traders. ed, you are fired up about this. what's your point of view? >> i think it's nonsense and not that the fbi is a looking into it but the idea that his book is trying to say that the individual investor doesn't have a chance in the market, that the

market is rigged and doing it just to sell books. i have an investment in a company that does this and all that happens is, that they will simultaneously, they go out and look and have algo rhythms looking for inefficiencies and buy something and simultaneously sell a course corresponding position. the people upset are the other ones doing the same type of trade whose technology is not as past. so he might sell books out of this but he's misleading the public and it's a tragedy that 60 minutes would put him on. >> charles? >> we have liers poker. it's obvious that michael lewis has a beef with wall street. i did think it was interesting, his book was about jim clark who on the board of iex is the nice guy and come to the rescue. it's too chose subsidy of a too.

>> that's it. i have to move on to yahoo in talks of online video service called news distribution network. the deal would allow yahoo to compete with google's, youtube, deidra is following this story. is one purchase marissa may not kill. >> you're quite right, and it seems like facebook is not the only big tech company on the acquisition trail. you said it, yahoo trying, of course, to get this company but it's worth noting that ndn has said we're not in talks with yahoo but we know that yahoo is interested. you remember this about a year ago go, basically you tried to put in a bid for huloo but that wept nowhere and hired kateky curhired kateieoccur kate

kuric. there's no original content. it basically just owns 100,000 clips that live there on that site, if you like, and it is the fourth largest video site, if you like, so it would give yahoo a big imprint if they decide to do it. so we'll see what happens. but 300 million is what apparent isly price discussed. >> deidra, we'll see you in two minutes. >> you literally will. >> ten minutes, sorry. >> we'll see you then. thanks for risk reward. here he comes, ten minutes from now. the federal government says all new cars must have back-up cameras. is that an example of good regulation? we'll get an argument for you in a moment.

>> the boying deadline has arrived but we bet there will be a few more and a notorious clunky website is still breaking down. budget committee member, congress woman diane black. please be with us tonight, 7:00 eastern.

>> the feds are going to impose a rule that would require all new cars. it says, the feds say this requirement could prevent dozens of deaths every year. so here is the question, sandra, if the feds say dozens of deaths prevented by rear-view cameras, should we mandate they be put in all of them until. >> it's a reasonable question if you look at what's happened since they mandated safety belts in all vehicles. the nhtsa since asset beated were mandated to be put in cars 300,000 lives have been saved. i worry about the unincontinueded consequences of this rearview camera. they almost on that rather than their sideview and rearview mirrors. they're looking at this one little video. i think there are un-un-continuedeunintendedconse.

people are asking for these. they be want them in the car. >> i think that americans would do anything in the name of safety and a mandate would be welcomed in the name of safety. the government will do it and it will be popular. >> listen, again, we're talking about that was the same thinking behind obamacare. i mean, really, it was. >> we got it, too. >> but people aren't happy about it. i agree with sandra. it shouldn't be mandated but i think people will buy it if it's an option. >> thanks, everybody. your take is next. apple. ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading.

company profile. a research tool on thinkorswim. from td ameritrade.

laura account but nobody pays for it so they have to listen to the ads but sandra paid for it because she is rich in. sandra: it is not that much

money. stuart: how much is it? sandra: i don't know. stuart: you are so rich you don't even know? sandra: $399. stuart: a month for pandora? sandra: no ads. stuart: i think it is worth it. a lot of big stories. here is your take on the entire package. mark has this to say about backup cameras in cars. the driver doesn't want to take the time to look where he is going to make sure no one is around the car before moving. richard shares his personal experience with socialized medicine. i live in the u.k. two years, saw the two tier approach live and in person, the u.s. will evolve to the same approach, obamacare can serve needs efficiently and effectively. there you have it. thanks for joining us on "varney and company". here is dierdre bolton. dierdre welcome to risk and

reward. alternative ways to invest your money beyond stocks and bonds, we focus on real estate, hedge fund strategies, new attack and venture-capital, even heart. it is all about alternative assets. our top story, the co owner of the luxury retailer neiman-marcus going public, private equity firm seeking to raise $100 million in an ideal, $75 million assets under management, the second-largest idea in two years, it is a big day for private equity here, the co-president right here to tell me how he is steering close to $190 billion worth of assets in the second largest firm in the world. in the next hour we will show you more ways to make money and give you better ways to keep it.