tv Varney Company FOX Business April 8, 2014 11:00am-1:01pm EDT
11:00 am
dow industrials let down 1%, that will do it for the opening bell, see you tomorrow, have a great day. time for "varney and company". stuart: crunch time. the words criminal and contempt. and that tell us what you know moment is here. a criminal investigation, and a contempt of congress charge. and those been down tech stocks not showing much but there is no free fall for the matt least not right now. landlines going, going, almost gone. all of you don't have one. look at this. what is it? what is the other when? it is one of the rest of all hybrids. one of the rarest of all hybrids. "varney & company" is about to begin.
11:01 am
stuart: this video from ukraine, members of parliament, look at that. after one common islamic voices support for pro-russian protesters. total chaos. we have got it. and warning of a civil war if ukraine uses force to subdue the same protesters in the eastern part of the country. any reaction on the market? maybe some flight to safety in gold. now look at stocks, the dow industrial pretty much flat. sandra, do you think the latest events in ukraine, heightening of the tension, have they got any fallout over here at all on wall street? >> yes, you're looking at it.
11:02 am
stocks going nowhere. this is a market we know they want to buy this market, but if you look at the price of gold above 1300, up $10 on the session. you get these geopolitical tensions. you have risk coming off the table, so they look toward gold because they see this as an insurance against something horrible happening, the stock market imploding because a civil war could break out. stuart: let's stay on the market for a second and turn to charles. the nasdaq had the worst three-day performance in three years. do you think that is the dotcom bust all over again? charles: it is digesting some
11:03 am
pretty heavy games and highfliers. one of the things that tells us that is not the dotcom bust, it was "candy crush" king digital. the ipo was a must. back in 99 and 2000 over 200 ipos went up 100% or more on the first day of trading. there is a huge difference. 21 was it? if we had the same sort of insatiable appetite, blonde buying, that would be a $30 stock right now. as they look up from playing "candy crush." stuart: tech stocks have taken a hit. but the old tech stocks have been relatively holding their
11:04 am
own. ibm, hewlett-packard, amongst those which have not seen the huge drops. for a moment i will focus in on microsoft. it is investing big time in artificial intelligence, what it calls invible user r interface technology. people in the future won't need to touch, type or speak their devices, the device will know what we want it to do before we ask it to do. making a rare appearance with us this morning. the computer is not going to read my mind to give me what my mind is telling it to do. this is reading the patent of my life, predictive, isn't it? >> exactly. it involved an awful lot of thinking and compositional power. you are kind of a creature of habit.
11:05 am
we get to work in the morning, turn the computer on, open e-mail program, the boss e-mails us, that is the first thing i want to read. what if your computer did it for you? it says hi, jeremy. your boss e-mailed, prepare the algorithm. stuart: that is not a breakthrough technology that allows mind ways to go to the computer. >> a different form of interface with the computer. stuart: it would be a big breakthrough because the computer knows what i want in advance of what i want and gives it to me when i want it. charles: it is already working pretty small a degree. when you go on amazon they throw things at you that you might like. it is all about algorithms trying to predict trades. still a guessing game. >> and google already does it with google now. i fall the celtics, i turned my
11:06 am
phone and it says they lost again. but your computer doesn't do that. stuart: it is not doing the thinking for me, it is not original. that machine is not being original. >> it is being intuitive and thinking a little bit about what you might want to do, but not doing your thinking. stuart: do you like it? >> yes. charles: i love it. >> if it works, i am all for i everybody has had the same experience with their phone. this is a small part of this, you say to it send a text message to my mom and they're going to go man boy down to the banana bench. so if we can get there, that would be great, but it is a long way down the road, i think. stuart: thank you for coming by. i wanted to check out twitters new site design. i don't know much about this, but i think it looks a lot like
11:07 am
facebook. is that why twitte twitter stocp today? nicole: the rollout everybody has been hearing about starts today and it will be throughout the day. it looks a lot like face. it has a timeline focus on photos, reorganize it based on your favorites and things some people are saying it looks a lot more like facebook. twitter, remember it was lifted, the prime minister once again things the court ruling was wrong. stuart: does it make twitter easier to use? nicole: i have not tried the new look, i have only been tweeting for about a month now, it seems to have been pretty easy. stuart: thank you very much,
11:08 am
indeed. >> we have to embrace changes, not be afraid of them. stuart: even at my age. quit smiling. a conservative columnist coming up with an interesting tax proposal writing in slate.com, people with no kids who make more than $51,000 per year have more in taxes than people with children. are you in shifting the to childless adults give kids a better start in life. what is your first comment about the idea of picking on people with no kids and making them pay more tax? >> as a single woman, ridiculous is what i have to say to this columnist.
11:09 am
what he is really saying is if you choose to have kids in today's america, somebody else should pay for raising them. if you don't own property, or if you are like me and are a small business owner and single, i pay a butt load of taxes. i work hard, seven days a week a lot of times and it is not my responsibility to take care of people's kids when they choose to become parents. stuart: it is interesting he is a conservative. he says if the republicans propose this, it would be a vote-getter because you are giving something to tens of millions of people, giving them something so they will vote for you. any comment on that? >> senator mike lee has a proposal, he wants to raise the tax credit for a child from $1000 today, parents get tax
11:10 am
credits already, he wants to raise it to $2500 for wants to reform the tax code. what i want to say to my conservative friend is let's get on the bandwagon for reforming and say let's have a flat tax because guess what, 15% of $50,000 isn't the same as 15% of a millionaire, right? so people who earn more money will pay more money with a flat tax. stuart: we heard that log for the flat tax. a segment on that later. sandra smith is a new mom. don't you think you get enough tax breaks for your child already? >> there are already a lot of tax breaks for parents with children. $171 billion worth last year
11:11 am
alone, and half of american households with kids will not owe any federal income taxes at all. so there are plenty of tax brackets already. stuart: one word you never wantt to hear again, colic. you have 10 seconds to express your opinion. >> i was a colicky baby. my mom is watching right now, i love you for staying up with me. stuart: you don't get this on any other financial program on the planet. thank you for joining us. look at the big board. starting lower, down may be 30 points, now we bounce a little bit 23 points higher. everybody is saying is the selling going to continue? as of right now, the selling looks like they are excited.
11:12 am
president obama using his pen and his phone signing executive orders relating >> pay for women but according to an article in the "wall street journal" the so-called pay gap is not all that it is cracked up to be. sandra, give us the numbers. sandra: their party got several different reasons why it is not an apples to apples comparison. they are looking at full-time workers. men almost twice as likely as women to work 40 hours per week, women twice as likely. when you take into account hours worked, income gap starts to shrink quite substantially. by the way, they also point out other factors, dangerous occupations, iran workers, the majority were male work-related deaths in 2012 were men, these people you paid more, so that helps the income gap
11:13 am
shrank a little bit. don't just use apples to apples comparison and look at the white house statistic that women make $0.77 on the dollar to a male. charles: some other victim area, we know things have to change but they have changed dramatically over the years. grow the economy. please grow the economy. >> easy to say when you are a man making the full dollar. making all the money. i am in the same camp as you on this one. $0.13 on the dollar. stuart: moving swiftly along. amazon fire tv, set-top box made a take splash, one of the competitors are here. not happy with this competition from the big guys.
11:14 am
11:15 am
(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. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up.
11:16 am
everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪
11:17 am
stuart: look, it is not exactly a solid gain but the dow is up 34 points getting closer to 16.3. ukraine of 13.08. same story with oil up today $101 per barrel. i look at this, the israeli startup company says it will make the battery pack device that can charge your smart phone in 30 seconds. they want to go into mass production for this in 2013. more innovation coming from israel. charles: this is one of the reasons why, for every 10,000 people in the country they have 140 that fit that description. america 85 versus 10,000. japan had 83.
11:18 am
very intelligent country, number five in cleantech, startups number two after america. genetics. even in february with talks of a massive boycott against israel, that yahoo said you know what will help us? technology. stuart: will all of these countries deny themselves life-saving drugs israel is coming up with? are they going to deny it? charles: one thing to say we don't want a soda machine. another to say we don't want cyber security. stuart: $9 up as of right now announcing it has surpassed apple and hulu in streaming video usage. fire tv has a competitor. the videogame console streaming android games right to your tv.
11:19 am
the ceo is here. i'm going to put it at you, i think you've got a problem here with amazon fire. the product cost the same as amazon, amazon has a whole lot more content, what are you going to do to beat the big guys coming on your turf? >> the small guys always seem to win out every once in a while. that is our strategy here. with amazon the focus is content. they are competing against apple tv and roku offerings like netflix and hulu. ouya is about gaming first. it is not about streaming mobile games into the delivery room. this about working with aaa game developers that want to take advantage of the number one screen in our lives, the television. a real controller. stuart: you think your nish, streaming video games is strong
11:20 am
enough to take on amazon of the world. you stand on your pride in your niche. to some degree amazon has copied your technology. but he will not sue them, are you? >> building a streaming box for gander content is really easy. the technology is easy. the price point is similar. you get a game controller with amazon fire tv have to buy an additional controller 4:30 $9.99 bid there are 250 million game consoles worldwide. probably less than 30 million set-top boxes at $99 price point. the reason to bring another device in the living room is because it offers something unique, and that is games. you can ge get video content afr the fact, you can get it from probably have a dozen devices today including a cable box, television, even your ipad pushed to the television. stuart: would you consider the sale of your company?
11:21 am
>> writes now we are doing really well. over 750 games. when we launched we had 178. amazon has 105. we have a community of developers growing, 34,000 today. i would never say never. stuart: i repeat the question, would you consider selling the company and your answer is yes, you would consider selling the company. can we leave it at that? >> it is if the situation is correct, there is always a yes to that. stuart: thank you very much for joining us, come against him because i would love to find out how you are doing in the battle for the test business. >> thank you for having me. stuart: sure thing. whenever we have a young website entrepreneur on this show i asked the same thing, would you sell $4 million or 100 million or 10 million. next, do they all answer the question like this?
11:22 am
11:23 am
11:24 am
they're the days to take care of business.. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next.
11:26 am
they are doing well, i asked the same question, would you sell out for $100 million. you're more committed to yourself than $100 million? >> i am, yes. stuart: you wouldn't take $100 million? >> it depends on the circumstances. >> for $100 million i would be very interested. stuart: would you sell for $2 million each? yes. [laughter] >> and out happily smile while we did it. stuart: oh yes, they would. i think whether or not a ceo plans to sell the business is a fair business question. we asked you on facebook and twitter what you thought of the question. here's what you had to say. paul says i think it is interesting to see their reaction. kelly says it's too personal. only if he asks how much of that they get to pocket.
11:27 am
to be fair, don't believe asking somebody how much they pocket their product is a personal question, rather it is a gauge of how much the business model works and how much they like money. thank you for all of your comments, keep them coming. charles is looking at me. charles: you do put some of these guys in an awkward addition to they try to raise additional money from a leverage point of view. if they put a price tag on their company, it might hurt them with respect to raising more money. lot of these guys are not public yet so they're still trying to raise money. stuart: all i'm thinking of is the viewer. charles: they want to know everything. and you will ask everything. that is why they love the show. stuart: i'm going to start with yelp, bouncing back up nicely, 5%, down 30% in the past month. it has a p.r. battle on its hands about the negative anonymous review.
11:28 am
another momentum name, netflix. the shares coming back some more, 2.7% as of now still down 5% for the year. now it is bouncing back a little. we will play the role of public servant right now. we will show you an ad released by the national traffic highway safety administration. roll it. maybe we should have put a warning in front of that. we did put this add-on facebook and twitter pages earlier before the show, got a lot of response to it. here's what some of you think about it. kim does not think it will be effective saying what i think would be effective our tickets, heavy fines, jail time when you are caught doing it. pedro said i don't it will help mosmuch because most people dont think it will happen to them.
11:29 am
one viewer things we need serious action, require the car to disable the phone or forever deal with texting and driving. a lot of response. they're interesting. keep your comments coming. a house vote on thursday could end up holding lois lerner in content. will we see her in handcuffs? all rise, the judge is next. ♪ ♪ ♪ ♪
11:30 am
11:33 am
stuart: dow jones industrial average right now up 31 points, close to the high for today's session. 16 to 78 right now. some of those so-called momentum stocks are coming back today. look at it, facebook, tesla, most are up 2, 3, 6%. here is another winner. the price of gold. a $10 gain today likely on the renewed unrest and danger in ukraine, crimea. into renewable energy and the
11:34 am
glass for those smart phones, a winner again. this is a charles payne pick and it received a big order yesterday. the stock still going up some more. now, charles is back to make some money for us all. is that a trucking company? charles: semiconductor chips. they just merged with microdevices. stuart: i'm not as backward as you think. charles: radio frequency is a thing that has been a buzz for a long time. did the investment for a billion dollars with the band may know everywhere you're going to park will be used in radiofrequency. walmart will have radiofrequency attached to everything that goes through their stores. this company is big on the networking side, the mobile side and defense. give an example of how they're growing in the first half of last year's gross margins 27%.
11:35 am
second-half 36%. have gone from a loss to profits. the merge is fantastic and it is a 15, $16 stock. stuart: that is a way of tracking everything all the time. charles: constant communications method, if you will being used in so many different areas. electronic warfare. we are bringing the soldiers back from iraq and afghanistan and all we will do is engage in jamming and drown warfare, it is all a big part of that. stuart: he confirmed he wants to press the justice department to file criminal charges against lois lerner at the irs. listen to what he had to say. >> there are specific laws that protect taxpayers and force the irs to come play with the law. somebody at the irs violated the law whether it was lois lerner
11:36 am
or not we will find out. stuart: the house will vote earlier tomorrow to hold lois lerner in contempt. all rise, judge andrew napolitano is here. what does that mean, hold lois lerner in contempt of congress, take me through it. >> it does not mean much. he has been held in contempt of congress himself. unless the attorney general prosecutes the contempt, that is charges the person with the crime of contempt and does so in a federal court and succeeds in prosecuting them, doesn't mean anything. stuart: eric holder, he is probably not going to launch a criminal investigation? is the attorney general's discretion, not john boehner's discretion. the congress can refer all the criminal referrals it wants to
11:37 am
the justice department and the justice department is free to reject them. unless a federal judge orders her to speak and she defies that order. if there is no crime here of what she may have done in her job, that we don't know about, but nope punishable contempt. only when a judge directly orders you to do something and you defy the order that you expose yourself for criminal contempt. john boehner's argument is because she made the two or three lines statement i didn't do anything wrong, followed the law, i followed irs regulations, did not break the law, she waves her right to remain silent. there is support the argument that was just sort of another way of saying i am going to remain silent, and she didn't wave her fifth amendment right. the judge will have to decide if she waved her rights. i don't blame john boehner, he'll it is somewhat with the tools made available to him but
11:38 am
i don't think this is really going to go anywhere. stuart: at 11:00 i said you have got criminal investigation, contempt of congress. crunch time for lois lerner at the irs. it is not, is it? >> no lawyer would let her speak when she is being investigated by congress and potentially investigated by the justice department because you just don't know what the investigators know about you and how your words may help them rather than protect you. stuart: we are not in the bottom of it are we t? now i am assuming that in the election campaign of 2012 the government tipped the scales with the irs and went after the president's political opponents. >> i don't think that is that much of an assumption, i think that is fairly obvious. there are e-mails the
11:39 am
congressman's investigators have unearthed that basically stand for the following. we hate the citizens united opinion. saying the corporations and groups have first amendment rights. the way to frustrate that is to use the irs. it is fairly obvious the government kept it below the radar screen until after president obama was reelected. one of the reasons she or whoever did this was because the law gives the irs so much leeway that whoever is the president, a republican like richard nixon at want you the irs to torment his opponents why democrat democrate barack obama who wants to you the irs to torment his opponents, the wiggle room, the space in which to use the irs for tormenting one's opponent is there in the law. the congress can remove that. stuart: the absolute end of the
11:40 am
day i say no but it to prison for what the irs did, and you i think would agree with me. stuart: i would add to that there will be no change in the law either. they don't want that weapon to use the irs against the opponent. it is immoral, disgraceful but not unlawful. stuart: we appreciate it. two phrack or not. that is not the question anymore. we have the man who will tell us why. and he is next. ♪
11:41 am
11:42 am
it's just one reon over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and eenses to read and consider carefully before investing. >> first the missing malaysian airliner. search crews have heard no more pains from what could have been a black box as the search area has been narrowed to 30,000 square miles, still extremely vast section of the ocean. hbo's "game of thrones" setting a record in the ratings. 6.6 man people tuning in for the premiere, the highest since "the sopranos" finale drew 12 million viewers back in 2007. walmart expanding overseas punting to open 40 to 50 wholesale stores in india at into the current 20. it will be aimed at providing goods for the thousands of indians small businesses.
11:43 am
tensions in crimea have european leaders pushing for more fracking. in the uk leading the effort. cap next, our own guest on fracking here at home and why we need to get it done. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow.
11:44 am
go national. go like a pro. why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com stuart: the car service finding app getting into a new business. lauren simonetti back with details on that one.
11:45 am
go. stuart: they will deliver goods we want them. rest at your place in manhattan and you want to give me the keys, you can have a bike carrier bring the keys to me. there's a market in new york city, and uber is not the only one playing in it. stuart: can i hail one of these? >> with your phone. stuart: so uber, crowdsourcing? >> it is a car sharing service. stuart: you call them up and they bid to give you the business, is that correct? >> prices escalate on certain times of the day. i don't know if they bid to give you the business but uber rates are high because they want to get your money. charles: jessica sent out a tweet said she would never use uber. she has is worth what
11:46 am
500 million. >> another company that has a flat rate, and newer service and they do the delivery model. stuart: thank you very much, lauren. next hour, executive is going to join us right here on the set. a big winner for the dow is nike. give me the story, please, nicole. nicole: nike doing great day with back-and-forth action. raising the stock back to a buy rating from a hold. after the september numbers came out, he was very concerned about foreign exchange rates, concerned about some of the estimates that may have been a little too high and downgraded the stock. since then they like the risk-reward picture. they think things are looking better for nike and they put it back to a buy rating. that is why you see it leading the way. i have plenty of friends who do uber and new york city.
11:47 am
don't worry, i will call uber. everybody piles in. stuart: i get mixed reviews all the time. some people hate it, other people use it all the time. we have an executive coming on the show shortly so we will find out from him. here is a question a lot of people ask, will we look back on the energy boom with relief or regret? one of the questions russell gold tries to answer boat fracking called "the boom" going on sale today. welcome to the program. my question is going to be, fracking, goo good or bad. but that is not the question. >> we are fracking 100 new wells every day in the united states in north america. the real question for me is if we are doing this and getting all the benefits from it, jobs,
11:48 am
lower energy prices, geopolitical security, are we doing it in a way that in 20 years we will look back when the boom is over. stuart: answer the question. >> we will say we made the right choices. stuart: he doesn't pollute groundwater? >> it doesn't have to. you will not pollute groundwater. build the wealth properly. stuart: so i haven't we got fracking on a mass scale in new york state? what about northern california where there is massive reserves of oil, natural gas below the surface? why aren't we fracking? >> these are political decisions. they are not being driven by the geologist. it is really a political decision. in california. stuart: it is irrational. if he is a does not pollute the groundwater or anything else
11:49 am
that is bad, it is irrational to oppose it. >> may have taken a hard look at it and answer the question what do we do to promote and protect the people in the communities and environment. all sorts of rules of water and air, try to find a sensible middle ground. california believe it or not is starting to do that as well. new york has taken a different path, they said no, we are not interested right now. talk to your governor in albania. stuart: your family frack in pennsylvania? >> not personally. we have property we have owned since the 1970s. chesapeake energy, they said we are interested and so my parents called me and said what should we do? i went from being a reporter to having to answer that personal question, and i suggested you should go ahead, devise rules to
11:50 am
protect yourselves and what you love about the land, so far there have been two wells drilled tha it has been a posite experience for them. the family made money. stuart: there you go. thank you very much indeed. "the boom." a small town in alabama just got cut off, major line of communication gone. why would such a thing happen? we will tell you about it next. dentures are very different to real teeth.
11:51 am
they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i rommend polident. [ male announcer ] cleaner, fresher, brighter every day. ameriprise asked peopleleaner, a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that.
11:52 am
i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today.
11:54 am
11:55 am
stuart: there is big money in breakfast. after going back and forth since last month. especially yum brands which operates taco bell. at&t down a little bit. it just told customers in the town of carbon hill, alabama, will discontinue totally the landline phone service in that town. customers will have to switch to cellular or broadband internet service. i have a "wall street journal" article that says four out of 10 of us have gotten rid of the landline completely. cha four out of 10 landline. the only one i use is a code for a discount. believe me, for the last 10 years you called my house, nobody was picking up because everybody from a youngest kids to everybody had their cell phone. stuart: the only calls i get on my landline our marketing calls
11:56 am
and it is extremely annoying so i unplugged the thing. charles: the bottom line is still hundreds of millions of people, the big boys like to convert them to high-speed or some sort of wireless service. stuart: 95 million now. that is a drop off and a half. >> i rely on it, better service and always charged. stuart: you can hear things properly on a landline. maybe i will keep it. global warming is good for you. it is good for crops. so says our reasonable environmentalist, he is coming up next. plus, dr. manny alvarez with fox. he says obamacare is to destroying his practice. in two minutes. can you start tomorrow?
11:58 am
yes sir. alright. let's share the news torrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. [ male announcer ] how did edward jones become one of the biggest financial services companies in the country? hey. yours? not anymore. come on in. [ male announcer ] by meeting you more tn halfway. it's how edward jones makes sense of investing.
11:59 am
in, this is not your father's financial show. we take a fresh look at your money. global warming saves lives, produces better crops so says a leading environmentalist. obamacare ruining my medical practice, so says dr. manny. he is here too. $12,000 to commit to removing 12 days to do it. i will bring you that regulation nightmare story. can you talk about the nicotine fluid in the cigarettes? charles payne is back. he does not think the tech stock sell-off is another dot.com bus. he has been right before and we pray he is right again. >> innocence climate change can
12:00 pm
now be considered another weapon of mass destruction. >> i would like to survive long enough to see the effects of global warming. i got an inside tip that it is all bunch of crap. don: sorry about the language. we have a little fun with that of this is serious business. the u.n. climate report filled with doomsday predictions and scare tactics. it says global warming will lead to widespread famine, death, global unrest. as you just saw even secretary of state john kerry is fully invested in that point of view. the author of how to spend $75 billion to make the world better place is not buying it. what was in the un climate records that you either didn't like or don't believe? >> there is lots of background material. it is pretty good but then they sex up the main message when they tell us crops are going to fail and the sense that we will get less and less food.
12:01 pm
what they fail to tell you was even in the report itself, we expect 14% increase in yield, how much we get from every plot of land every decades. that was in the report. stuart: 14% increase in crop yield because of global warming every decade. >> because of global warming that might go down to 13%. what you heard was it would probably be less. it would still go up and more likely if you include the fact that farmers will adapt and co2 is a fertilizer most indicators and certainly from the food and agricultural organization expect we will get more food. stuart: do you believe net net is that if the world is indeed warming up there are positives? it is a positive development for the planet? >> in the short and medium run
12:02 pm
yes, indicators showing the 2 degrees fahrenheit you will probably get net benefits because more people die in heat that fewer people die in coal. you'll get more problems with weak but you also get more places you can grow and more for instance rice and corn. fundamentally there's probably a small net benefit in the short run. it will be a problem in the long run but if you make panic scare tactics don't be surprised if people have bad responses. stuart: your point of view for years and years has been the measures we propose to take care of global warming won't work and of wildly expensive so you disagree with the ideas for reforming or fixing global warming even though you believe in it yourself. >> global warming is really is going to be a problem in the long run the we are spending $60 billion a year on solar and wind providing 1-third of 1% of the world's energy and even with
12:03 pm
a wildly optimistic scenario in 200035 it will just provide 3.5% of the world's energy. this is not going to be the solution now or in the near future which is why it is problematic. we are spending so much money -- stuart: they are screwing money out of the wealthy countries, they wanted transferred to the other countries. >> a lot of people making money but a lot of people are just buying feel good measures. makes you feel -- stuart: do something to make me feel good. >> this is an underreported fact, the u.s. has cut more co2 with fracking, switching from coal to gassed than all the world's solar and wind panels in the world. isn't that amazing? we are paying $60 billion for the solar and wind, you guys are probably making $100 billion a year with fracking so the really issues do you want to cut less
12:04 pm
and pay $60 billion or cut more and make $100 billion. stuart: no wonder this man is our favorite environmentalist. that is good stuff. how to make the world a better place, how to spend $70 billion, thanks very much indeed. check the big board, dow industrials turned positive, i am guessing 15 minutes ago. not much but we are up 16274. 90 is a big winner on the dow. it got an upgrade contributing half the dow's game up 2%. so-called momentum stocks bouncing up 2% to 3%, the chinese google which had been beaten down up 6% almost 6% as we speak. don't forget the price of gold. there is increasing tension in ukraine. maybe that is why gold is up another $9, $13.08 as of right now. the service that lets you rent
12:05 pm
your home out to strangers having a tough go in san francisco. that city is cracking down on people who use the web site to rent out their homes. they say it is illegal and those who rent their homes are facing eviction. valued at $10 billion but if it is illegal that the value won't hold. >> it absolutely is. this is what is going on in san francisco. if you rent out your home or your room is a crime. you can't do so for under 30 days. so they are saying why not just put this 14% hotel tax on it, when the hotel law came into existence, our homes and rooms were not being rented out but let to the 14% tax, our hosts say they will pay it because they want to be law-abiding citizens and want this to continue and will bring in $274 million a year in revenue for san francisco. if they do that in new york
12:06 pm
millions of dollars and so on and so on. stuart: that is a good fix. just tax and we will pay the tax. >> they're going to go public, not this year. don: i wonder how much they are worth. >> public -- public counterpart is valued less than $10 billion. don: tesla, another of those momentum stocks is bouncing back. i have news for you, starting of leasing program for small businesses. give us the full story. nicole: is up 21410 so a great move for tesla and we know it has lot is the individual and that has been the model of the company but now they are looking at trying to do fleece and businesses and you talk about leasing out to businesses that is another area and could bring a lot of money for the company,
12:07 pm
there's another interesting story about as low from wisconsin, you have a franklin dr. suing because he says he bought a to as low which was faulty and under warranty. everything from not starving, not charging, faulty door handles, defrosting problems. a long list. considers his tesla a lemon and is moving forward. the first i have heard of this particular story on tesla. stuart: stock is up because of low leasing the story, bring the money in, up goes the stock. quickly look at the big board because we are up 35 points. not that this is an extended rally but free-fall selling in those momentum stocks has as of now come to an end. what happens this afternoon? the free fall sell-off is over, we're 34. e cigarettes getting bad press
12:08 pm
lately, the cdc, centers for disease control says there has been a huge increase in a number of very young children poisoned by injecting the nicotine liquid contained in the cigarettes. brent willis is with us, ceo, i believe you are the second biggest piece cigarettes seller in america. >> the world's largest independent -- when i last met you six months ago we were the world's smallest that have become a world's largest. stuart: you have done well but you face up pr problem. this report last week that young children under 5, i have forgotten the exact number, have been drinking the nicotine liquid in an e. cigarette and the pressure is on you to make sure your product is absolutely safe. tamperproof in other words. you plan to do it? >> we do. all our packages are indeed
12:09 pm
tamper proof but one of the issues that has recently risen. stuart: have you had a case where a toddler has gotten into one of your e cigarettes? >> we have not. this is specifically referencing these liquids which is one of the new trends but it is not how it is intended to be used. when i was a kid i drank half a bottle of pine sol. wasn't particularly good for me and i am still here with a few issues. that is not how the product is intended to use. these are adult products that have to be kept safe. out of the hands of anybody under 18. stuart: obviously not but you have a pr problem that you can't make sure your product is not available and able to be used and swallowed by a 5-year-old. >> i agree and it has to be kept where any medicine is kept, any kind of alcohol is kept, got to keep all those things out of the hands of minors just to keep the
12:10 pm
product that is an adult product, replacing tobacco, safe. i would ask you, who's interest is it in to change the dialogue? this is a change of dialogue away from combustibles cigarettes and tobacco. in truth, that is killing 6 million people year. the electronic cigarette industry is a fact and so if i am a tobacco company i am not arguing they are propagating this news or supporting the news but it changed the dialogue from the real issue but i am happy my company just my company alone, we replaced over 100 million cigarettes since inception. that to me is the real news. stuart: another pr problem if i may say so. you have to deal with this one. your opponents are bringing it up a lot. if i use the word peddling that is pejorative. you are selling a drug.
12:11 pm
you are selling nicotine which has a specific effect on the human brain and the human brain more than anything else. you are selling -- is addictive and it is. you are selling an addictive drug. i believe there are some people who have given up smoking, traditional cigarettes, they have given them a long time ago but they like the nicotine so they are coming back to your product because they want the nicotine. >> it is a good challenge at a fair challenge. if you look at the science and the facts, you see that in truth, 57% of the people that are smokers that switch from tobacco to electronic cigarettes significantly reduce their tobacco intake. that is something we really like and over 20% quit altogether and that is double the efficacy of any other kind of catches or anything else out there like that so in truth they are working for people but we don't see evidence of people coming back so they can get addicted to
12:12 pm
nicotine again. stuart: you got some product with you, the pack of victory cigarettes. if i bought that in a store, i pay sales tax? but i don't pay tobacco taxes. i think if you were to pay tobacco taxes the politicians would flock to your side. >> the politicians would like it because as the tobacco industry goes down they are probably looking at a way to replace that income. we don't think it is fair at all because there is no tobacco in this product whatsoever. why would a regulator acting in the public's best interest do anything to abate the growth of this category and away from the tobacco and tobacco related diseases for health care costs? adam: when you studied the question closely as you must. it is a great pleasure to have you with us, congratulations on the success of your company. i am with you. thanks so much. last hour we told you about the new service, bike careers.
12:13 pm
12:14 pm
but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medicacal or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may inease your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing
12:15 pm
the risk of stroke with pradaxa. why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com
12:16 pm
judge napolitano: a federal judge orders her to speak and she defies that order there is no crime. i am not talking about the crime she may have done in her job but there is no crime and no punishable contempt. stuart: that was the judge on the low was lerner -- in the last hour. i will say congressman darrell issa says irs agents testified they said liberal and left-leaning groups were not targeted by the irs. elizabeth macdonald is here. this goes to the point the irs is in fact politicized and was during the last presidential election. liz: a goes exactly to that point. the analysis coming out in advance of the hearing on thursday that could hold lois
12:17 pm
lerner in contempt, what they're talking about is targeting. the words used to scream, and and bear the word progressive was not used as much as the words like tea party or patriot -- stuart: did the irs say these guys on the left were not targeted, these guys on the right, the tea party were targeted. if that is the case, if the irs itself said that, that means the government was using the machinery of government to intimidate -- liz: according to reports appears irs called agents time hearing executives are telling the house oversight committees that the progressive groups were not targeted as much as conservative groups were. that is the bottom line. that is what they are saying.
12:18 pm
stuart: then there is the car service finding apps getting into a new line of business launching a courier service in new york city, here is josh morrow, general manager of new york city. welcome to the program. you got the car service up and running, now you have guys on bikes running around a city. you can help them with, smart phone, take this for me from here to there. >> exactly right. using the same apps you already have on your phone you can request courier by bike or by foot to come, you track progress in your car. ò(beady have on your phone you can reque
12:19 pm
district upper west side there omega and the is there an office in 5 or 10 minutes. >> he can carry on his back or his hands directly to where it is going and you follow the progress on the apps and share it with a person expecting it and you will go directly there and to move anything. stuart: let's go to the car sharing service. you had a few problems. is it true that you guys called up to get 100 cars from your
12:20 pm
competitor, the get car sharing service and you canceled them all of a sudden? you really screwed up the competition. >> we partner -- stuart: did you do it? >> tell them how good -- i am not confident about our partners to make a living and how freedom in our service and i'm convinced i will make more money and have a better life, and get that message. "imus in the morning" when you went too far. are there on occasion some gouging where on a special light, new year's eve for example i call up to get a car and is a god to me. is that supply and demand? >> absolutely not. surge pricing is a dynamic pricing algorithms the goal of which is to have cars available and when you need them.
12:21 pm
a plane ticket right now for an hour from now will be more of that if i booked a month ago. our pricing algorithms adjust pricing every few minutes to make sure there are cars available. our top goal is a reliable ride in the absence of surge pricing there will be no cause available. stuart: your top goal is to go public. >> i am here to talk about the experiment and how excited we are. stuart: when you went to the public. >> new york gm would be wrong of me to come. stuart: you want a piece of the acting? >> every employee is a shareholder. stuart: when you have a vested interest in going public and cashing out. >> we want to make best business we can. lifestyle logistics'. stuart: when might you go public? any plans? >> there are no plans to go public. it is ultimately his decision and he has no plans. stuart: i am just giving you a hard time. >> i know what i am here for. stuart: when you can come back any time you like. great new service, thank you.
12:22 pm
government all about restricting you, controlling you. nowadays there are so many regulations that you can't make a false move without lawyers coming after you. even john stossel agrees with me. my take on all of that is next. >> drowning in thousands of regulations, many of these are old outdated, nobody even knows what is in these rules but if i did one i'm in trouble. when folks in the lower 48 think about what they get from alaska,
12:23 pm
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. 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,
12:24 pm
12:25 pm
i'm taking off, but, uh, don't worry. i'm gonna leave the tv on for you. and if anything happens, don't forget about the new xfinity my account app. you can troubleshoot technical issues here. if you make an appointment, you can check out the status here. you can pay the bill, too. but don't worry about that right now.
12:26 pm
okay. how do i look? ♪ thanks. [ male announcer ] troubleshoot, manage appointments, and bill pay from your phone. introducing the xfinity my account app. stuart: is lunch time. one of bring a couple lunch time winners? we talk about renting some space in your home or -- home away, one of their competitors at 4%. here's another momentum play bouncing back that will be facebook, 58. coming up, dr. manny alvarez was fox, obamacare is destroying practice, he makes his case five minutes from now. when rules and regulations hit you directly, in and around your own home you start to understand
12:27 pm
the real impact of government. bureaucrats who want to run your everyday life are the real enemies of freedom. here it is my take. a new book from philip howard goes righ to the heart of the regulation problem. considers the situation in franklin township new jersey, a nasty storm, a tree falls into a stream, the authorities want to take it out of the stream is they can't just fire up the chain saw and haul it out. there are rules governing what you can do when water is involved and rules about trees too. who cares if you need to act fast? rules are rules. if you break from the lawyers will sue for their 30%. franklin township had to spend $12,000 for permits and studies about the impact of removing one 3. it took 12 days to get the work done. is that nuts or what?
12:28 pm
the point is government and the government mind set is all about restricting you, handing you win, controlling you and the lawyers are always there to take their peace. when regulation hits you directly you soon start losing your enthusiasm for government. i remember the three forms and doctor's visit that were required for a 15-year-old 2 take a part-time job at a bakery or the town near me that had to spend $3,000 to replace the curbstone because that required moving soil. it gets to you and puts you off doing things. jumping through all these hopes really worth it? no. the dead hand of government puts a big barrier right in front of you. of course you have to have some form of regulation. anarchy is not attractive to me at least but i get the impression this administration is gung-ho for any and all rules. this government doesn't trust the people.
12:29 pm
it doesn't trust us to make the right decisions for ourselves and our families of demand the certain kind of health insurance and it demands the we buy it. you must make your house energy-efficient and send someone to check up on you, same with your car, your toaster, your toilet and the entire financial system. the list goes on and on. had enough yet? ready to take back a little control of your own life? personally i am tired of $12,000 payment and 12 days of waiting to remove a tree after a storm. aren't you?
12:33 pm
>> equal pay day and not obamacare day, the affordable care act guarantees free preventive care like mammograms and contraceptive cares for tens of millions of women. an end the days when you are charged more just for being a woman. stuart: obamacare is destroying his focus. dr. manny alvarez centers into a busy schedule and we appreciate this. destroying your practice. >> every doctor in america, and
12:34 pm
working for the hospital and va system, and man or woman in private practice, and going down the toilet. doctor is going to this business because they love the science and their patients, but when you have a system that punishes you for being a doctor, that is what happened. and reimbursing -- stuart: how much you want to -- >> s all ultrasound, $60. you cannot survive economically. a lot of criticism for the peace in regards to doesn't matter if you have insurance, and doctors the taking insurance because they cannot afford to do it, now i find myself trying to refer
12:35 pm
patients to an ophthalmologist, dermatologist, cardiologists because you have to end none of those individuals take obamacare in most marketplaces. you have to reinvent the wheel. stuart: when you have patients, you know what they need but you can't find a doctor who specializes in that treatment that will take them. >> if you do find one it is of hundred miles away and as they belong to another medical center or health system so you are disconnected from your own system. obamacare talk about quality. quality means i have a group of men and when, health care i can communicate with them effectively, the patient has a seamless approach to her problem but that is not exactly what obamacare does. it fragments that so you have a doctor here the takes obamacare but the dermatologist, nobody around in the first hundred miles so you have to go the next 200 miles so that takes the individual out of the market
12:36 pm
place. appointments are difficult to come by because if you have some specialty service that is only 200 miles away and they are the only ones taking the obamacare they will be busy so you won't see them the next day. how could you effectively run a system of health care this way? that is why people are leaving private practice and say i have had it, no more. stuart: i you going to say that? >> i am thinking carefully about it. i provide a service that is kind of unique because of my specialty but it is getting harder and harder to stay afloat. malpractice, $100,000, no tort reform, reimbursements going down and a comment from a viewer who read my article said in sweden doctors make $35,000 and are very happy. they also get free medical education, free college trying to go through, a new graduate today, those kids have 150, sometimes $200,000 in debt just
12:37 pm
to learn how to practice medicine. it is very hard to say live on $75,000. stuart: no malpractice insurance required in a place like sweden. >> they have national reform, protection for patients but -- stuart: what does the general practitioner pay in medical malpractice insurance a year roughly? >> depending on the marketplace it is 20,000 at least for $25,000. for obstetricians it could be anywhere between 80 or a hundred in new york city. stuart: you won't survived at $75,000. stuart: when you are busy guy the thank you very much. do appreciate it. we say it every day tech is king and amazon surpasses hulu and apple in streaming video usage. they have a long way to go to
12:38 pm
catch up to netflix. liz: that is right. amazon put out this press release, really exciting press release that it ranks right behind netflix and youtube in streaming but the amount of video content amazon streams is a fraction of what netflix does. netflix streams ten times what amazon and hulu stream into households combined. liz: google making a push to bring its glass head set into the corporate world. tell me all about this one. >> we have been talking about google glass and how it is weird for regular people on main street to wear because what if you use it not as a regular person but as a professional in the working world? would doctors the using it to give many doctors are using it, construction workers can't carry the laptop up the ladder. police departments, everyone is not only using it but experimenting with ways to use it so now we are seeing google glass become more ubiquitous at
12:39 pm
this point and there are companies popping up that are figuring out how to make software available to taylor google blast wall these different industries. stuart: you can see behind you. it is up 3%. that is a big gain for stocks like google. thanks. we keep saying it and maybe like a broken record but take is king. however, new tax stocks have taken quite a hit recently. is old take the place to be? the real halftime report covers that story next. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data.
12:40 pm
spt-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistincthouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorsm from td ameritrade. ♪ from td ameritrade. why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on.
12:41 pm
multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. cheryl: we are live in midtown manhattan. the real-estate project, in midtown manhattan post 9/11, we are looking around this building. this is square feet of office space in this building, the ice ball. and looking at the media empire. television stations and internet properties but there was the
12:42 pm
12:44 pm
start talking. time for the real halftime report. scott kennedy, nicole of the exchange. liz macdonald here as well. is this recent sell-off in momentum all over again? >> too worthy to tell the lot of similarities to the early 2,000s. the reason i say that is it this moment people using different terminology than the 99s saying it is a new paradigm shift. it is all about eyeballs. a lot of it is nonsense, always earnings and will always be earnings and these stocks are projected to grow at a certain rate you can't justify most of these at the level they are at today, they are priced for five years in the future of good earnings. i wouldn't be buying them. stuart: dot.com revisited? what do you say? >> in a small way but not like it was in the 2000s. we had some of these firms come
12:45 pm
and lunch -- evaluation is out of control but not like it was. there was jet fuel behind some of those stocks in the 1990s and darlene 2,000s. evaluations are absurd but we don't have as many. the sell-off will be broad and not quite as broad as it was in the dot.com era. it is small. kind of the same but not really. i am not too concerned. stuart: thanks very much. i want to know about the -- is different this time. liz: that is what they are saying. essentially to what your guest just said in 2002 was rainbows and sunshine behind the numbers coming in. evaluations veer more from reality. ali baba is priced like citigroup for bp oil co. but the fact that those evaluations, talking about slivers of the ipo market. the fed raising rates even if
12:46 pm
these tech names slow they may not take down the whole market. stuart: i will move to the stocks we're watching closely to the. particularly old stocks, they are holding their own. looking at the mauna screen. nicole: we shouldn't call them old stocks, should call may be old reliables. we watched so many highflying momentum stocks, you do see some people have moved to the names we know. microsoft, ibm, gillick packard, microsoft, on the ipad, ibm, you do have these old school companies that have really whether all kinds of storms and recreating some cells, ibm selling of different businesses like servers below and just continuing to reinvent themselves so some people want to stick with the all-time greats. stuart: old tech stocks haven't resumed like the new guys on the block. are you buying these blue chips?
12:47 pm
ibm common hewlett-packard, microsoft? charles: i like what nicole petallides and about reinvention. i'm not buying them but looking at them differently. that is a $20 in a few weeks. microsoft if they pull back there will be some value. stuart: i am waiting for the full throated approval of microsoft. utility stocks. i know you love them and they're on a tear this year. want to tell me why? >> they are up 10% year to date and i continually love them and the reason is they have real earnings and earnings come from business that does not require them to the outside the u.s. and one reason we're seeing earnings revisions is people are scared of world events. i would be overexposing myself in the utility sector today. if you a pure anti that is what i am doing, buy utilities in your portfolio today. stuart: you got a warning about james river, a coal company? he filed for bankruptcy. charles: this is a cautionary
12:48 pm
about the administration and policy. effectively we can chalk this up to an obama of the complete in 2011 this was a $26 stock. today it is down $0.34 and they point to the changes in regulation. natural gas is presenting a problem but what happened in this industry is un-american. is a disaster. stuart: let's not forget gold. it is update% this year. you like gold at $1,300 an ounce? >> you can levitate with 1300-1350 but i am a selling between 1380-1400 because i believe you should buy gold for two reasons, number one and inflation hedge, we don't see inflation, proven not to be inflationary and armageddon that we don't have armageddon. let these folks by a to 1580 and i am a seller. stuart: an honest man. that is it one and all for the halftime report. charles is going to talk about amazon. thanks to everybody. all those people on screen we thank you very much.
12:49 pm
you are going to talk about amazon because the viewers ask you about amazon. they tweeted hash tag ask pain and see what about amazon? charles: i said before these tech stock started falling the amazon would have a different criteria in terms of having to produce earnings. the stock is on the tennis court, between the base line and the volley where the stock is now. i wouldn't sell it but wouldn't be an aggressive buyer either. one of these names all somali taken back, that you are in march, month over month, one of these things where i prefer to buy one of these, and closing above 340 or let it go down to 300. stuart: if you have it, hold it. charles: even if they are early, i would not want to take a loss.
12:50 pm
charles: a lot of people, amazon back and 10327. maybe maybe we were wrong about hollywood. one actors says government should butt out of almost everything. we will tell you who is saying that next. (dad) well, we've been thinking about it and we're just not sure. (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.
12:53 pm
[ chainsaw buzzing ] humans. sometimes, life trips us up. sometimes, we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... to speak with an insurance expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. personalized coverage and savings -- all the things humans need to make our world a little less imperfect. call... and ask about all the ways you could save. liberty mutual insurance -- responsibility.
12:54 pm
what's your policy? stuart: another 3d printer coming to hit it really big. low-cost 3d printer called the micro m3d. amass a kick start airing monday. the fund-raising target of 50,000 was reached in 11 minutes. the first 250 printers were sold for $200 each, the price has gone up to $300, that pushed the fund-raising total beyond $1 million in one day. actor rob lowe making headlines for saying he, quote, wants the government out of almost everything. back in 2009 he stated he was a former liberal democrat who ended up switching to be an independent. i don't believe for one moment hollywood suddenly after 100 years of collectivism are switching. charles: we periodically get these stories and one thing in common is most of these are all directors but he turned 50
12:55 pm
march 17th. you get to the point where it is like i'm going to be honest about it. i want to watch ashton could cheer. he has so much money making a ton of money in silicon valley and saying more and more things, people with real skin in the game outside the $25 million salaries for these roles whether the movie makes money or not they come to the reality. stuart: will last and cultures which? liz: he was saying to teenagers don't mind to the entitlement state, be personally accountable, take on personal responsibility. now all were of low is saying he's not checking of the party box and voting for the party. he is judging each candidate for what they represent and saying he wants the government out of everybody's lives. stuart: a small move. i wonder if rob lowe get anymore roles from hollywood. everybody, your take is next. . how did edward jones get so big? t me just put this away. ♪
12:56 pm
could you teach our kids that trick? [ male announcer ] by not acting that way. it's how edward jones makes sense of investing. it's how edward jones can you start tomorrow? tomorrow we're booked solid. we close on the house tomorrow. tomorrow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. csx. how tomorrow moves. as a police officer, i've helped many people in the last 23 years, but i needed help in quitting smoking. [ male announcer ] along with support, chantix varenline is pron to help peop quit smoking. chantix reduced the urge for me to smoke. it actually caught me by surprise. [ male announcer ] some people had changes in behavior, thinking, or mood, hostility, agitation, depressed mood, and suicidal thoughts or actions while taking or after opping chantix. ifou notice any of these, stop chaix and call your doctor right away. tell your doctor about any history of mental-health problems, which could get worse whe taking chantix. don't ke chantix if youe d a serious allergi or skin reaction to it. if you develop these,
12:57 pm
stop chantix and see your doctor right away, as some can be life-threatening. ell your doctor if you ha a history of heart or blood-vessel proble or if you develop new worse symptoms. get medicalelp right away if you have symptoms of a heart attack or stroke. use caution when driving or operating machinery. comm side effects include nausea, trouble sleeping, and unusual dreams. i did not know what it was like to be a nonsmoker, but i do now. [ male announcer ] ask your doctor if chantix is right for you. but i do now. so ally bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally.
12:58 pm
>> appointments are very difficult to come by because if you have a specialty service that is only 200 miles away and we're the only ones taking obamacare, they will be very busy so you will not be able to see them the next day. how can you run a system of health care this way? that is why people leaving private practice and say that's it, no more. stuart: talking with the trials and commission tribulations of a doctor with obamacare. i asked if he was considering leaving his private practice because of obamacare. he said he had been thinking about it. not good. now is your take on the rest of the program. saying this about the climate report from the u.n. stating global warming will lead to global unrest. disaster have been around the corner since the 1970s, only then it was global cooling. this to say about whether or not people with no children should pay more tax.
12:59 pm
everybody is somehow responsible for the rearing of children, therefore if you can't or won't have children, you should have to help to pay for them. >> this is like a twist on hillary clinton. some would argue go in the other direction, give more tax breaks to those with children, don't raise taxes on childless coupl couples. stuart: the man who wrote that is a conservative writing on slate. if you give tax breaks to parents tens of millions of them, they will vote conservative. charles: what about conservatives who thought about the economy? not pandering to get votes based on frivolous things. you don't favor one group over another. i like to see more kids, i like to see the marriage rate go up, that is about it.
1:00 pm
stuart: i don't want to see taxes raised on anybody. here is risk and reward. >> welcome to "risk and reward." thank you for joining me. more ways to invest your money beyond stocks and bonds. our top story today, the fight for your viewing time is on. amazon just beat apple and who loot to be third biggest video site. it is miles behind netflix. we will tell you where and how big tech investors are betting on original content. more ways to help you make money, better ways to help you keep it. other headlines we are tracking for you this hour, $7.2 billion, chinese regulators have officially given the go-ahead for tokyo planned sale of the
466 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on