tv Varney Company FOX Business April 10, 2014 11:00am-1:01pm EDT
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this is one scandal that is not going away. good morning. it was democrats urging the irs to go aftparty. there is new evidence lerner did target the president's opponent, beginning to blow wide open. this is the day lois lerner faces a contempt of congress charge. in france the ultimate lunacy, technology companies may not e-mail their attack employees after 6:00 p.m. 35 hours a week of work and not one minute more. look at this. the fbi guns drawn raise the nevada cattle rancher, they taser his son, grazing tortoises, it is amazing. you can't get learned to answer a question but mess with the tortoise and all hell breaks loose and the $400,000 parked outside, i wanted but i can't happen. you'll get a close look. "varney and company" -- we are about to begin.
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♪ >> effectively elections. even pending with out -- if you will allow me to ask a question. i am a member of a conference and i went out of it. stuart: we are learning about that exchange was elijah cummings and darrell issa. darrell issa is accusing cummings of colluding with the irs to target the conservative group true the vote. darrell issa says a member of cummings's staff repeatedly contacted the irs asking for derek. lerner, the woman at the heart of the scandal was involved in responding to those requests. monica crowley is here. that is not all. dave camp, his committee has
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released information that shows that lois lerner went around people, over their heads and quite deliberately targeted karl rove's crossroads group and said why aren't you auditing crossroads? goes on. >> this is the tip of the iceberg. those two groups, karl rove's crossroads, high-profile groups, people generally know what they are and who they are, who represents the mend what they do but think about the countless small local tea party groups, pro-life groups, religious groups that were targeted in the same way by the irs and don't get this notoriety. that is what the team is looking into. interesting that it was dave camp and his committee that release this particular letter rather than darrell issa. darrell issa's committee has done great work trying to investigate this given all the stonewalling by the irs and so on. democrats have been successful
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in marginalizing that exchange with elijah cummings which is really bad optics for the republicans in that way not that they were wrong but that optics, don't do that to a sitting congressman. the fact that this letter came from dave camp who is well-respected in a bipartisan way on capitol hill was very significant and that is why democrats are in panic mode. stuart: that contempt of congress charge will be laid. it is house committee, they will vote yes, charge her with contempt. it is crunch day. this is beginning to blow wide open. >> was just a year ago that lois lerner set up the question at the speech she was given, she planted a question and she said unfortunately the irs did target conservative groups and we are very sorry about that. i think actually thought and given the context of the obama administration so far they could actually do that and get away with it, not true. in my mind is cyrus scandal is the most dangerous scandal in
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u.s. history. here it is widely in the past when the irs was used as a political weapon was always leaps against elite, the kennedys against lyndon johnson or richard nixon, richard nixon suggesting using it against another political opponents. in this case it is the elites versus regular americans. everyday americans who just wanted their voices to be heard and wanted freedom of expression. that makes it dangerous. stuart: you got the line in there, the bombshell, more for you later. dow industrials beginning to follow little bit more. we were down 40. four minutes ago. it is still holding at 16,300. do you remember gm ac, financial arm of general motors resurrected as our i financial? ally financial started trading today. where is the stock? nicole: stock is to the downside. this was during the time the financial crisis and the bailout and stock is down $24.50, $25
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ipo price at the lower end of the range and gmac, we remember is that. now it is back. stuart: a lot of mortgages in the mortgage business. got to talk to charles because i want to know did the taxpayer end up losing money on gmac or made some? >> depends how the whole thing goes. still that the out of 177 we may net profit of 500 million on this particular deal but we lost $11 billion in gm and $2 billion on chrysler. stuart: on this particular aspect gmac now i financial is possible taxpayers walk away with a profit. possible. look at bed bath and beyond, blaming the weather for lower sales, cut their outlook, never good for the stock. seems to me this is a sign of the times, second tier
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retailers, not the weather, the economy is weak. >> the economy, changing have of the consumer to as you do buy everything in one place on line. people are shopping on amazon and getting free shipping. bed bath and beyond is built on the premise of you go into it, 5 by baby, other stores by other canadians but the weather may have been a factor here but changing habits of the consumer and the economy people are spending less in general. stuart: look at rite-aid. that is a charles payne pick. higher profits and, a beat forecast, that thing goes up 11%. stay right there. take your victory lap whenever you like. quick check on the big board. we are falling some more, 73 points. the report that china's exports dropped 6% is something of a factor of the overriding issue. charles: a huge decline.
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people wondering this is some way these merchants are trying to get away some of the new laws in china, it cannot be reflected in a true economy. stuart: we were down 40, we are down 70 now. it is down a lot more. a lot more. just when they after i thought there was some hope for france, please remember they did cut taxes and spending. one day after it they announced that we have a reality check. a new law says for tech workers, a million of them in france, it is illegal for their bosses to e-mail them after 6:00 p.m.. if they are out of the office you have to leave them alone in france. we couldn't do our job is. none of us could do our jobs. >> the economy is suffering a 10.2% unemployment rate in title to turn their phone off after 6:00 p.m..
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they're built on of 35 hour workweek, get multiple weeks paid vacation during the summer. >> a couple of weeks ago -- it is so easy and so much fun to make fun of the french but a couple weeks ago it got turned back in a national election. i thought maybe there would be some hope they would turn a little bit market oriented. stuart: they did cut taxes and spending. charles: and announced the new prime minister who is really -- socialist but wants to change everything about their image. wanted both ways. they want the country to be relaxed and chill out and also be the old france that used to be a dominant player in world. they won't be broke. they will drop out of the top most relevant countries in the world and that is the choice they are making. i hope we never make that choice. stuart: the president says women earn less than men and he will make it a campaign issue again.
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listen to this from democrat senator barbara mikulski of maryland. >> i am telling you if we don't pass this bill i am so emotional i am going to press on. it brings tears to my eyes to know how women every single day are working so hard and getting paid less. i get a angry. i get out rage, i get volcanic. stuart: turns out some democrat senators should practice what they are preaching. this from the washington free beaten. on average democrats in the senate a female staffers $5,500 less than men. senator mary landrieu of louisiana the average male salary in her office 13,000 higher than the average for females. senator kay hagan north carolina paid male workers $15,300 more than women. let's move beyond whether or not men and women get equal pay for
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equal work. forget that for one seconds. seems to me this gender pay issue doesn't have much traction for the president at the moment. >> not right now but you are seeing phase ii of the war on women. the original war on women was based on free birth control, reproductive rights, all the things the democrats pushed to get women voting in 2012 and works. they have a lot of traction with women, got them by huge margins last time around. they're in trouble in 2014, maybe even 2016. this is phase ii focusing on minimum-wage and the alleged income gap, thinking it is going to work. it might appeal to their base of women and get riled the but the broader population knows that discrepancy does exist but it exists because of choices women have made. stuart: she is volcanic about this but i don't think the country is reacting quite the same way. >> $0.07 to every man's dollar is completely bogus and women in
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the workplace understand that they've maybe being paid less but because of educational choices, risk choices and other choices they have made in their career, time off for a husband or children, those things come in to play and women get that. stuart: i see silence from the dynamic duo. >> as charles pointed out yesterday is getting people back to work period, why we talking about this when we have 6.7% unemployment in this country. put more people back to work. that we will talk about the income gap. stuart: i like that. stay silent, charles. there are hundreds, maybe thousands of messaging apps out there, most of them are free. how do they make any money? we have the man who created facebook's messaging apps and he is next. (dad) well, we've been thinking about it and we're just not sure.
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stuart: coming back a little we were down 72, we are down to 52, still at 16-3. where is the price of gold? $13.21, up $15 today. charles says he will make us money with something called e o g resources. stuart: charles: oil and gas, here's the good thing, they're focused on liquids. it is hurting some of these companies. a lot of liquids, production up dramatically over the last few years, and here is one great thing. infrastructure point of view, they create the oil and their own infrastructure to load themselves and have their own facilities to unload it. they make a ton of money. i can't see this company not making money for a long time. fiscal year earnings estimates have gone up dramatically in the last few months, we are in stock
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and it continues to be a nice talk particularly if you have the highfliers in tech. stuart: a nice chart. and you think it is -- charles: a lot of upside. stuart: sell it now. before this is of 401(k) stock. stuart: the dow down 51 points. there are countless free messaging services out there, a new one pops up every week. these are just some of the bigger names in the messenger apps list. egos on and on and on. how are these companies making money? if it is free how do you make money? joining us is continuity ceo and founder jonathan gray. the engineering team that produced the facebook free messaging service. welcome to the program. answer the question. let me into a preface. i use fiber on this thing. i have six kids, they are spread all the way around world, i
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message them, called them, absolutely did free, all of them all the time. how do you make money? >> great question. i think what is interesting is if you look across the spectrum they are all using different approaches and a lot of methods for generating revenue and advertising which is the defect go free internet-is asian is not where you will see most of this come from. you will see $0.99 for what's app and an annual subscription, not so much. stuart: if you have 800 million users -- >> real revenue. you will start to see how to platform your messaging service so if i am a business and want to enable my customers to chat with each other for example, one of the things you are saying, most modernization from today's up selling on micropurchases.
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you want some smiley's or fox business, you want to resell those, you can make some money. really has the platform for brands and communication. stuart: i presume it is a very low overhead costs. you got that delivery service in place, doesn't cost much to run it. >> cloud technology and big data technology, open source software has drastically lowered the price of running one of the services so they don't have to focus on modernization from the get go. charles: too early to think once there is full penetration and everyone on the planet is picking their poison, what is the next step? seems like they become, the ties businesses and the only way to grow from there is to lower your prices. >> they almost started as, of ties to businesses and figure out how to differentiate. how do i send messages between people? there are 12 of us and how do we
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differentiate, brands of, sponsored stuff, voice-over ip and connect more to your phone and add additional service. i have been around 30 years. it is the commodity. tried to add value is the challenge. stuart: is it worth $19 billion? >> if you look at the numbers it is worth it. if you look at the publicly traded social networks today the market has been valuing 120-$150 per acquisition. you look at the what's app acquisition $42 per person. stuart: you were part of the engineering team that created the facebook messenger service. got any stock? >> i do. i am a proud shareholder. i won't talk about that today. stuart: oh yes you are. how much are you worth? $100 million? sitting next to me worth $100 million? >> not in july so continuity. charles: that was the next question.
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stuart: we build a franchise on this show. continuity, that is your company, you are the ceo. you build the infrastructure for messaging apps and platforms and social networks, that is what you do. >> we build not just messaging apps and social networks and facebook isn't one of our buyers. we say facebook has a very advanced infrastructure and advanced developers, the rest of the enterprises out there and small companies don't have access to that level. stuart: when you're building up. the platform facebook uses -- we want to give you access. stuart: continuity is the name of the company. are you going to sell it? >> eventually we may sell it, we may go public. stuart: you are? would you sell? >> we have a big vision. stuart: would you sell for $100 million? >> definitely not. no way. stuart: don't need the money? $100 million doesn't turn you
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on? >> it does. there is a much bigger -- stuart: when you got to get the flow back. >> $100 million is not enough to walk away from the opportunity we have. stuart: going public to make the one billion dollars the >> we think we can get a one billion dollars in revenue. stuart: i don't want $100 million, i am in this for the love of the business. >> the fun of the ride. is a great ride and i love to get to the end that and say look we go. stuart: when will you go public? >> four five years. we have only been around two years. we are a new company. stuart: please come back. >> absolutely. thank you. appreciate it. look at this please. we have -- i don't like the color, don't like a,. i like. the ceo of been me motors will give me a tour of this thing,
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stuart: we are outside on 40 eighth street in manhattan. standing next to me is the gentleman who runs the bentley operations in north america. is that correct? and right behind you we have a $400,000 bentley and you're going to sell it to me, aren't you? >> yes. not be difficult. you see that car? look at that expression of bentley? spending luxury and performance. stuart: outstanding example of luxury and performance. you get that? how much? >> this is $405,000. stuart: what is the best feature of this thing? >> craftsmanship, attention to detail, luxury and true luxury. stuart: if you are selling true luxury to a wealthy audience you have got to sell the unclasped.
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is this class or is it just a little bit flashy? >> is an expression of your taste. people understand the soup stand and luxury. stuart: it is not vulgar at all. take me around the side. you are featured in the back here. are those ipads? >> the luxury of this interior, relying on more details. connectivity package so you can look at your folks. stuart: that is already installed. it is already in there. that is fox business. this is pure whether. >> part of the system and luxury.
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it looks like leather and wool. there is nothing fake. stuart: how many bentley models have you sold in the first three months of this year worldwide? >> 17% against last year. stuart: where is your biggest market? >> not china. there is still some distance in between. stuart: americans have money. >> the segment is the estimate. stuart: is this the top-of-the-line model? >> it is. stuart: no more expensive bentley than this one? >> according to your machine, the greatest machine you can have an no leniency. stuart: i can have any color of one? can i have. ? >> yes. anything. stuart: anything you want. you are in charge of all the
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sales, art you? >> yes. stuart: when you are bentley u.s. a. and you are a frenchman. are you on a green card o what? >> i am getting one. stuart: good stuff. i am convinced. i would love one. we will talk later. there you have ed, everybody. that is a bentley and a half. back in a moment with marcia blackburn and the irs. >> i have not done anything wrong. i have not broken any laws. i have not violated any irs rules or regulations and i have not provided false information to this or any other congressional committee.
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today we are learning about a new e-mail sent by lois lerner. maybe i can get the d.c. office job. let's bring in congressman marsha blackburn. there is a lot of smoke and guns here. she really didn't have an agenda and went right after the tea party. what can we do about this? >> we are continuing to work through that process. i am sure your viewers are aware that yesterday the house sent a criminal referral to attorney general holder and they are very
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concerned about what they have found out through the process of taxation. we also have the chairman committee that is going to issue a contempt charge. they are moving forward with that. they have said that chairman isa is moving forward with the contempt charge. those are in process. stuart: okay. we have dave camp committee showing information that lois lerner went over the head. i wound people to go after the crossroads group.
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we are staying on top of it. you are right, it will take us a little time. it is moving a little slower than some of us would like. stuart: that is right. a lot of our viewers are upset about this. thank you. ebay and karl icahn with john to nominees from ebay's board. reaction on ebay. the stock is down. mr. chen is not selling the company's handset business. right around seven, 7.80 per share. a mystery brewing in silicon valley.
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they may have better penetration into our lives in 10 years than even the federal government does. stuart: you just gave a stock recommendation. charles: this looks like a winner. stuart: the fbi raids a cattle rancher in nevada. you could call it overreach. look at the cover of rolling stone magazine. take a good look. what is wrong with this picture. all rise. the judge is next on that and a lot else. ♪ we asked people a question,
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how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪
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they say they are getting closer and closer to locating the plane. week was jobless claims fell to a seven-year low last week. family dollar profit the climbing 35%. lower prices. family dollar. you can see them right now. a standoff at a nevada cattle ranch because of eight fortis. next. the logo a the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature.
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is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. stuart: hewlett-packard stock hit a new high. how high is the new high? nicole: 33.90. it goes back to the summer of 2011. they were raised by deutsche bank and morgan stanley today. they also raised a few other names in the group. a good day for some of the stocks. stuart: not bad. a cattle rancher refuses to pay
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a fee to the government. the feds circle a ranch. they round up and take possession of all of that cattle. locals come out in support of the rancher. they say the government is abusing the power. they have taste one of the rancher's sons and arrested one of the other. all rise, judge andrew napolitano joins us this morning from d.c. looks like a case of overreaction on part of the federal government. >> one thing that needs to be made known is the government is stealing the cattle. we're talking about hundreds of thousands of acres.
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problem number one, that. problem number two is the first amendment zones. they will not permit locals that object to this show of force. they are required to protect the state 3 miles away from the area of the confrontation. the last time i checked, the first amendment zone in this country was the entire united states of america. stuart: i will compare what is happening in washington, d.c. today. we cannot get lois lerner to answer questions about what she did to intimidate the opponent of president obama.
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>> it is certainly an inappropriate use of resources. this guy has had his cattle on federal lands. we have one to lawsuits against them. for the federal government to use force to take their people, to steal cattle and to prevent people from legitimately protesting here. stuart: it was taken over by public land. the desert tortoise is thrown in
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the mix here. this is a decision made by the congress. why the tortoise and the cattle cannot coexist is beyond me. stuart: okay, judge. i know the answer to this question. i am sure that you do to. he signed the declaration. when he signed it, he thought he was the only person signing it. all of those that are members of
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shares of yahoo!. lauren has more on this story for us. nicole: they want more eyeballs. yahoo! says it searches a quarter of their search. why not expand with the yelp reviews. they had killer reviews on yahoo! that have now disappeared. i suppose in yahoo!'s eyes that is just not important to them. >> and other negative yelp. if you keep allowing these anonymous reviews and it really messes up somebody else's business and that is the case in this yahoo! business, there will
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be a lot of complaints and a lot of distrust about the liability. i think that yelp has to respond in some way. nicole: yelp has hired a new attorney to kind of lead this effort. they are fighting back. charles: they consider the lawsuit silly. stuart: check the big board please. we are down 68 points. look at the level of the dow. you cannot say that that is a selloff. 16,367, i think that is about 150 points away from a all-time record high. charles: it is still an unnerving. all of the news, retailers are saying everyone has the excuse
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of the polar vortex. we are in this. where we are short of anxious. charles: all about pent-up demand from the winter should make this a quarter. >> that is a pretty good quarter. stuart: that did not bring them out. maybe it is a reliable weekly statistics. stuart: you get to springtime and you think, here we go. we are on trapped.
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in each of the last four years, disappointed. charles: there has been a false alarm every single year. down again today. amazon is down a few points to, as i recall. look at the market again. are we going to get another leg up? are we going to get a correction and sell it off? charles: i do not know. it is a very tough. right now. president obama said there was
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stuart: now we know why tesla fled the hearing. did the president use the machinery of government to commit his opponent? the truth will out. your passwords may be out there. it means you need to change them all. our hacker friend reports on that. the decree goes out in france. thou shall not e-mail your workers after 6:00 p.m. this is not a joke. and they teed off at the masters. tickets way down.
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the high def tv of yours, you can see every blade of grass from your couch. don't believe the hype. tamiflu does not help if you have the flu? here we go. ♪ >> that is not what i am saying. >> i want to know what you are saying. no corruption? >> there were some bonehead decisions. not even mass corruption, not even a smidgen of corruption. stuart: the super president said that on the weekend of super bowl sunday. e-mails showing low as learner considered the tea party matter very dangerous. another will suggest she was waiting for a job with a pro-obama political group.
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no matter what comes of ms. lerner, she has been linked. one of the sharp edge critics of the president joins us now. in a lot of trouble with those e-mails, clearly she was going after conservative groups, but you have not yet linked miss lerner the white house or the campaign. could not believe there is a direct link yet, is there? >> that is probably what they're trying to get out of lois lerner. it is a slight abuse the office of the irs like that to interfere with tea party groups in the way they suggest she was doing. she is in a lot of hot water. stuart: does that mean anything? >> the whole larger irs issue really means a lot, not just for
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partisan reasons. there were a lot of tea party groups that were audited, we know that, and we know many of these tea party groups were groups of people in the middle of the country organized them selves against federal spending and wanted to do something about it, they were put out of business. they did it voluntarily because they caved. this is the big government, big brother leaning on these people. we have established it up to understand lois lerner was talking to liberal groups telling her some of these conservative groups ought to be investigated and audited for violation of the 504c status. they were being directed by the internal revenue service, the tax man. stuart: our viewers are fired up about this, you can tell by the responses we are getting.
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if they engaged in the irs scandal. >> probably not among the most partisan democrats but i suggested is among independents, falling below 40%, part of the base in 2008, so i think people are upset about the idea the government as a president said in this interview not a smidgen of evidence, they leaked it will probably not prosecute anybody. average american feels government should be held accountable in a situation like this. stuart: i'm going to interrupt for a second. cbs just writing stephen colbert will replace david letterman asked the host of the late show. >> it seems stephen colbert, who was on his show last night? they made fun of me on the show last night. stuart: that is good news. >> what i said wasn't so bad.
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he would obviously be abandoning his post at comedy central. some people would say he is a natural fit to replace letterman, other people would. stuart: he is way out there on the left. that is what o'reilly thinks. i never see the show. i don't think there is any connection, but check the market down 109 points. there is no connection between stephen colbert, david letterman and the market down 110 points. within the market now look at allied financials, the former gmac, the financial arm of general motors started trading today the first time the ipo went out today $25 per share down $0.69. meanwhile gm places to engineers on leave, this is related to the
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ignition switch recall. remember please gm was holding between 34-35 for months. now slipped to the $33 level. backed the big board down 1111 points, we have moved down about 40 points just in the last five, six minutes. we will find out the reason. always in the business. we will get it when we can. show me the momentum stocks because they are down big time i believe. nicole: we are seeing these to the downside now. down 3.6%, isn't it funny. those are the high flyers. many of them are off the recent highs and they bounced back the last couple of days but they are selling off again. go ahead and put those into some big selling. we sold off big, jumped on the
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fed news and now we're giving some of that back. stuart: i just saw whole foods down, what is the reason? >> this is for walmart partnering with wild oats to buy organic food, bring organic food foods to walmart, the grocery sales and obviously in that particular sector which would then compete with whole foods which was added to the call list this week as well. we asked about stephen colbert taking over and we heard a mixed review. oh, no, that's hilarious, no way. it was a mixed bag. one guy even said it sucked. stuart: ask him a question. i believe stephen colbert is way out on the left. ask the traders if they agree with me. nicole: we will do a little checking on that.
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stuart: look at this, down 121 points. we are coming down, but still 16,300 is where we are. back to those momentum stocks, news on amazon. announcing plans to roll out sunday delivery service to a large portion of the country by the end of the year. also something to say about amazons drone delivery service. >> sunday delivery drones, they are in so many markets. taking a look at the letter to shareholders, 4400 words, my head is spinning. they rolled out the sunday delivery in test markets in december. they're going to expand it to other markets sometime this year, and their prime team, the testing of drones, what they
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want to do is get delivery to homes in 30 minutes. they'rthey are working on both f these things. they are everywhere. stuart: when they first announced the drone delivery thing i thought it was science fiction. eight drones, and they want to do it. fascinating, really is. let's get the latest. a security flaw that could leave your personal and financial information exposed to hackers. it could affect about two-thirds of all websites. we are joined by the vice president of security. are we at the point now we should say to everybody change your password because of this bug, are we there yet? >> we are not necessarily there yet. make sure the fix being issued by the website before you change your password or else it is basically something you're going
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to have to do again. for the sites that have announced they fixed it makes sense to go in and fix your password now. stuart: that is it. >> technically there are some sites never vulnerable to this because they did not use the vulnerable package, so you wouldn't necessarily need to checchange it on those sites. the best precaution is to assume it might have been compromised and change your password. stuart: one of the people on our production team says you go into pay your credit card bill, you see a green logo in the address bar, that means it is supposed to be secure, but in fact it's not because of this bug, is that accurate? >> it is a little bit more nuance, but the green bar means they are using ssl.
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it is encryption meaning you talk to the server, nobody in between can intercept and read the traffic. what happened is essentially if it is compromised in a certain way, somebody can get one of the secrets to decrypt the traffic, so essentially yeah, if somebody is able to exploit this, they can decrypt the traffic and the encryption you are relying on it is no longer valid. stuart: my head is spinning because i cannot think of anything that is safe any longer. security becomes more and more difficult. nothing is safe, is it? >> in some respects we are getting better, the kinds of issues we saw a number of years ago. we are not talking about somebody breaking into a database stealing 10 million records.
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that still happens but it doesn't happen as frequently as it used to. in some respects stuff like this we would have caught a long time ago some reason it is just coming out now. stuart: thank you for joining us, you know what you're talking about, we appreciated indeed. you browse around websites, you may think what you have clicked is the most important information, but there is another piece of data advertisers are looking at. we have the man who will tell you next. (dad) well, we've been thinking about it and we're just not sure.
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(agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited.
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the house with a hearing to relinquish control of the agency that oversees the internet. and move some say could lead to more censorship, less freedom on the web. 66% think giving up control of the web is a bad plan. let's go to peter barnes with more on this one. >> the administration suggest this is the next step in a long si16 your process put in place o privatize internet corporation for assigned names and numbers. besides a management overseeing the infrastructure of the internet. congress has a party idea of shifting the governance as long as foreign governments don't try to take control, but critics say the announcement was just a knee-jerk reaction to placate foreign countries upset by the
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edward snowden affair. changing this could threaten a fee and open internet especially of hostile regimes try to move in and take it over. critics want the administration to this down. >> the reality is once we surrender our unique addition it will be impossible to take it back if something goes awry. >> the administration cannot say it will happen with guaranteed pensions for the internet, still a house subcommittee expected to approve legislation to prove them to study this proposal more before it moves forward. stuart: i don't know why they are doing it in the first place. >> the critics say the administration trying to get all these foreign governments off their back because of the spying revelations. stuart: thank you very much, peter barnes.
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please ignore the sarcasm. nevermind measuring popularity, how much time do we really spend on a website? that is what the company figures out, and their ceo is here. welcome to the program. so let me get this right, you can measure pixel by pixel, second by second what people are actually engaged in on the web, that is what you do. >> official analytics have only been capturing clicks. we are able to see second by second what each is doing so we can see if you're using a particular page, so i'm looking at it again. we can understand incredible detail just what content captures peoples attention. stuart: how can you tell whether or not i just looked away from a website?
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>> whether you know it or not, you're constantly making small movements with your mouse. the averages about 1st you are doing this. for 95% of the people on some sort of action within 4.8 seconds. so we listen for that. stuart: you can measure my attention. you know if the website got my attention and the quality of that attention. you got all of that. >> is tells a completely different story from the traditional story of the web. it has led to slide shows and all of this kind of poor quality content because that is all we cared about. suddenly it is the quality content that wins. stuart: i read the "wall street journal" on the web every day. can you tell my level of interest in the "wall street journal"? >> for people in general, absolutely.
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we work with the "wall street journal" to be able to build this kind of technology so we can understand just what is working, what is resonating, what is not. it is to help understand are connecting with our audience? stuart: you could theoretically figure out if the audience watching me now is paying attention or not. stuart: if this was on the website, you could tell. >> absolutely. which ones are heavily engaged. stuart: who engages you to do this? >> when we were a small startup of four people, it was the first company to come to us when the budget was just free t-shirts. we work with about 4000 media companies around the world and 35 countries including 80% of
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the top 12 u.s. publishers. stuart: is this your company? >> i am one of the owners and as is all of my team. stuart: where are you base? >> i am a brett who made it over here in search of the american dream. based out of union square. i found an american girl and then found the american dream. stuart: that is terrific. what a company. when are you going to go public? >> i promise you this, when we do i will come back and tell you about it. stuart: would you sell for $100 million now? >> no, we have a lot of work to do. i know you do this. i saw you hammer away, he was absolutely right not to give you anything then, i will not give you anything now.
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stuart: one of our favorite momentum stocks losing momentum today, facebook down 3.5%. the market is falling quite sharply right now. tamiflu, that is what doctors prescribe, now doctors say doesn't do anything for you. made by roche. plus a new warning on e-cigarettes, this one may be the industries biggest p.r.
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battle yet. i like to work. the french do not. here is my take. it was announced this morning 1 million french workers would be freed from the evils of e-mail outside working hours. after 6:00 p.m. employees will not be allowed to phone or message their workers applying primarily to workers in the tech sector. do you believe that? it is true. they cannot contact tech workers using the technology they are working on. the mind boggles. this is a legally binding agreement. 35 hour work weeks, five and a half weeks paid vacation, a job for life and no e-mails after 6:00 p.m. no wonder there are 50,000 french nationals working right now in silicon valley. i know you're thinking i'm about to embark on an anti-obama rant.
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yes, i am. isn't this exactly what president obama wants in america? at the pelosi said obamacare would liberate people from work. joe biden said exactly the same thing. the president himself believes america should be more like europe. this goes to the heart of work as a virtue or something that is good in and of itself. we are endowed with talent, all of us we should literally put the talent to work, yes, work. i always thought that was one of america's strengths, work itself is liberating. that is a difference, isn't it? they want to be liberated from work, they find fulfillment in work. back to the beginning, the french have banned e-mails to work after 6:00 p.m. because that makes france more civilized. i beg to differ. therthere's nothing civilized at
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age of anyone under the age of 18. they have to keep all of those things out of the hands of minors. stuart: that is the ceo of one of the largest e cigarette companies in america. lauren is here. they have another problem. what is it? >> another problem and maybe their biggest problem yet. the e cigarette paper author sells the way tobacco altar sells. stuart: you ingest nicotine. that is what you are doing. that is why you are doing it in the first place. e cigarettes are the same. you are ingesting a drug. nicotine. there is no difference in safety or non-safety.
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that is what the study says. >> basically. for the most part. this will probably happen soon. will the fda step in soon and start regulating these things? is this a call for smoking weed? wright? stuart: i think you got our attention with that one. a debate for a different day. i have to take a look at monster beverage. a big-time drop. down 5%. stocks across the board are much lower this morning.
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they looked it over. the conclusion was the best that it does is reduces half a day of the duration of the flu. it does not reduce hospitalizations. it does not reduce ammonia. why spend all of these dollars and something that may not work. stuart: you told me a moment ago that they have worldwide sales of tamiflu of $3 billion a year. >> it is a very popular drug. what the study was -- look,
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instead of spending billions of dollars on something that was questionable, why don't you spend aliens of dollars on researching vaccines and new developments. stuart: that prevents flu. >> it can give you secondary side effects. that is why everybody worries about the flu. there are new strings of viruses that come up all the time. that is why you have to have a programming. >> if we get a world pandemic of some sort, it will not do any good.
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stuart: have we wasted america's money by stock piling? >> i think we have. there is more that will come out of the story. i want to know the transparency. the government, how did this all come about. scientists are really showing a lot of positive data. stuart: i thought that any medical company, any drug company, you put out a product in the ebb ta is all over you. does it work? what are the side effects? >> there are psychiatric symptoms. stuart: check the big board, please. the market is down.
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not the low for the day. tech stocks. they took a big hit recently. they are taking quite a hit today as well. is the worst over? the real halftime report. we will answer that question next. ♪ ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade.
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>> the makers of sirota hot sauce in hot waters. they just cleared the factory a public nuisance. a spicy odor coming from the plan. they are given 90 days to solve the problem. family dollar. profit down. it will be closing about 370 stores. shares of family dollar down. big news from the entertainment world. stephen cole there will be taken over the late show with david letterman retires next year. up next, the real halftime report. ♪ [ male announcer ] when fixed income experts...
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♪ ...work with equity experts... who work with regional experts... that's when expertise happens. mfs. because there is no expertise without collaboration. stuart: time for the real halftime report from chicago. lauren simonetti. charles payne. charles, to you first. down 136 points. what happened? charles: all the pressure that we have seen in the last several
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weeks is back on. it is absolutely devastating right now. classic momentum. stuart: nicole, what are you hearing on the floor about this? nicole: the move is pretty significant. the dow is down 1%. as far as tech and biotech, all of that is really under pressure. having an oversubscribed auction eight times. it is bad on the downside. last year we look for any reason to rally. you have to be careful.
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>> we are close to having the worst over. i think we will have an upside. the market is range bound right now. stuart: charles, what do you say? charles: i do not disagree with him on that. i thought that the worst was over yesterday. if you are going to do momentum stocks, sometimes you get in early and come out late. >> here is what you have to do this time around. if you want to buy it, you have
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to buy it when it looks its worst. when you see those pics selloffs like today, you have to slowly feather your position in. stuart: now take a look at amazon. >> thinking about how i needed a 10 year chart on rite aid. stuart: let me go to michael robertson. explain to me why amazon is down 11 points. >> amazon, we talked about it earlier. a number of the highfliers. it is a great library.
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i do not think the debut of the fire in the decline in amazon's stock price are related. stuart: i want to move onto retail and bed bath and beyond. a mid-level retailer. >> at one point bed bath and beyond were the worst performing stock on the s&p 500. charles: i think we underestimate how much brick and mortar is a total. it has a lot of competition these days. stuart: i want to move to some winners. i have one. it is right aid. >> it is unbelievable. 10% today. the wow wall street with profits about the analyst estimate.
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for a long time it sat at $4. this stock has been an unbelievable performer. we went back. i checked my tracking system. earlier, someone made a great point. sometimes you buy when you are really afraid. it bothers me because this always happens over and over again. stuart: back to you, nicole. kimberly-clark. nicole: a theme of safe place
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today. the analysts that amazon fire was a great product, but not a must have. it was not a must have product. that was the problem. stuart: that is it for the real halftime rep off at the masters. demand for the tickets way down. is that because your high definition tv is so good in easier to watch on the couch? back in a second. ♪ (vo) you are a business pro.
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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. 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
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tonight. 7:00 p.m. eastern. please join us. ♪ stuart: are you curious about a stock. we told you to tweet us. today, charles has chevron for us because you asked about it. >> execution has been really sloppy. relatively inexpensive. exxon mobil said they would use every ounce of oil they had in the ground. the goals would cost $45 trillion. they say it is not happening. i mentioned eog in the first hour. stuart: kind of luke warm. using every single ounce of oil
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that they own. stuart: we know tiger woods will not be playing. now, ticket demand for the event down significantly. i say that the lack of demand has nothing to do with words. it has everything to do with the fact that my high definition tv is really good. nicole: he is good for ratings, he is good for attendance. this is terrible for cbs. stuart: you think that it is words. >> i think that it is words more than attendance.
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>> give me a break. >> we have to start to remarket it again. i think that plays a big role. i say it will win. charles: i like the kid. i just do not think he knows how to win. stuart: i would really like to see mickelson went. we have to go. that is it. your take is next. ♪ can you start tomorrow?
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yes sir. alright. let's share the news tomorrow. 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.
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♪ >> welcome to risk and reward live from the nasdaq. we are here. there is an event that draws hundreds of volunteers. they will share ideas. getting one step closer to finding the next big thing. we will talk strategy and innovation. here is what the ceo of ebay told mike colleague earlier. >> a victory for ebay shareholders. what has really happened here is karl has a greater understand of
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