tv Varney Company FOX Business April 11, 2014 11:00am-1:01pm EDT
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uncertain about their health care situation. we have met families who had seen their children suffer because of the uncertainty of health care and we were committed to get this done. that is what we have done. that is what kathleen has done. we lost the first quarter of the open enrollment with the problems with healthcare.gov and they were problems, but under kathleen's leadership, her team at h h s turned the corner, got it fixed, got the job done, and the final score speaks for itself. there are 7.5 million people across the country that have the security of health insurance, most of them for the very first time and that is because of a woman standing next to me here today and we are proud of her today.
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[applause] >> that is a historic accomplishment. that is right. and by the way, in the meantime, alongside 7.5 million people being enrolled, health care costs under kathleen's leadership are growing at their slowest rate in 50 years. i keep reading about people saying they're not doing anything about it. what does that mean? in part because of kathleen's extraordinary leadership. health records moving from dog eared paper to high-tech systems, kathleen parted with the department of justice to aggressively pursue health care and billions of dollars, record sums from the medicare trust
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fund, so all told kathleen's work over the past five years will benefit our families and this country for decades to come. we want to thank kathleen's husband, the first dude of kansas, two outstanding sons been wanting to share their mom with us the past five years. kathleen, i know your dad served as governor of ohio inspired you to pursue public service and passed away last year would have been proud of you today. kathleen, we want to thank you once again for your service to our country. [applause]
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>> sylvia is from a small town. west virginia. she brings the common sense that you see in small towns. she brings the values of caring about your neighbor and ordinary folks. she is a proven manager that has built great teams and strong relationships. she has done that both the public and private sectors. silvio worked on the cutting edge of the world most pressing health challenges. as the head of the walmart foundation and the board at metlife, she gained first-hand experience on how markets work and how they work better for businesses.
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she has already delivered results here. in the years since she arrived, the deficit has plunged by more than $400 million. i am just saying. [laughter] >> that happened during that time. [applause] >> when the government was forced to shut down last october and even as most of her team was barred from reporting her work, sylvia was a steady hand on the wheel who helped navigate the country through a very challenging time. once the government was allowed to reopen, she was part of the group that put in and to these crises that are in washington. all the while, she has helped advance important initiatives to bring the government into the
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21st century. sylvia is a proven manager and she knows how to deliver results. these are tough tasks. big challenges. for covering or families with economic security that health insurance provides to ensuring the safety of our food and drug supply. to keeping america at the forefront of job creating medical research. all of us rely on researchers at ahs and cdc. all of them are an extraordinary team. sometimes the american people take for granted the incredible
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network of outstanding public servant that we have helping to keep us healthy and improve our lives every single day. i want to thank stephen, sylvia's husband, and matthew for sharing the wife and mom with us for a little while longer. we will miss seeing you around the white house. we know you will do an outstanding job as america's secretary of health and human services. she will do great. last time she was confirmed unanimously. i am assuming not much has changed since that time. [laughter] >> i want to give them both a chance to say a few words starting with kathleen.
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[applause] >> i want to start by thanking you, mr. president and mr. vice president for giving me the opportunity of a lifetime to serve in this cabinet. i want to thank my ahs family, many of whom are here, for they are incredible work. my husband is on the bench today . my younger son is in ecuador. they are with us in spirit. inscribed on the walls of the home free building, or your
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office will be, are the words of the namesake. the world does the government is how -- and those who are in the shadow of life. that really, i think, describes what we do at ahs. our employees help the friends and neighbors every day. the receipt jurors and scientists working to improve new jobs and devices are helping change the face of humanity. we are advancing public health in the u.s. and around the globe with anti-smoking efforts. finally, behavioral health and
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it has been the cause of my life. i knew it would not be easy. there is a reason that no earlier president was successful in passing health reform despite decades of attempts. throughout the legislative battles, the supreme court challenge, a contentious reelection and years of votes to turn back the clock, we are making progress. tremendous progress. my professional work has been tremendously helpful in navigating this historic change. at the end of the day, health is personal. it is personal to all of us. family illnesses touch us to our core.
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finding the right care can be difficult even with the best contacts and the right resources. the stories are so heartening. unfortunately, that page is missing. i am just grateful for having had this wonderful opportunity. the president was in austin yesterday at the lbj library commemorating 50 years ago in
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the civil rights efforts led by lyndon johnson. my father was part of that historic congress. those programs are now in the agency i have had the honor to lead. it seems like a wonderful passing. the affordable care act is the most significant care act in the country. i am so grateful to have had this opportunity. they are making sure that they are making able to sign up for healthcare.
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she will be a terrific leader for ahs. i will turn it over to her. [applause] stuart: i would call that a love fest. putting on a show to say goodbye to kathleen sibelius. she herself said she has been a tremendous success. sandra smith, charles payne, both with me. you have some new information on what voters will think on obamacare, lection. >> more than eight in 10 registered voters will be an
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important factor. bottom line, this healthcare law will be the motivational factor for voters. we know that voters will go out and vote more when they don't like something. charles: that is what every chance they get a chance they try to sell or resell it. it is not the final score. you talk about someone who took bumps and bruises. who could make this successful? the law is a disaster.
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blue-chip stocks -- stuart: maybe next week the tech stocks will come in with good earnings. >> you are a good man. >> the fed, did indicate that they will be very accommodative. they will leave interest rates near zero for as long as they have to. charles: that pti number this morning is what spooked people. if we start to see official inflation, it may force it. stuart: take a look at some of please.
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>> accused us of gridlock dimity and try to seize all of our documents. they were reaching out to the irs and getting information. stuart: you know that they were urging the irs to go after you. what is truth about and where does it operate? >> we are all about encouraging citizens to get involved in our elections. stuart: did you receive a tax exempt status?
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have never had any interest shown by any of these agencies. after i filed that nonprofit application, people started to take interest. stuart: that is astonishing. thank you for coming on the program. thank you, ma'am. mary is with me from the "wall street journal." i want to show the viewers monica crowley for a second. she said the irs scandal is the most dangerous in u.s. history. you, the viewer, you had a lot to say. we will bring you your reaction to her next. ♪ people with hearing loss.
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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. okay. how do i look? ♪ thanks. [ male announcer ] troubleshoot, manage appointments, and bill pay from your phone. introducing the xfinity my account app. stuart: listen to what monica crowley had to say yesterday on this program about the irs scandal. >> i think that they actually thought that they could do that and get away with it.
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not true. stuart: we asked you on facebook and twitter if you agreed. hard to choose between benghazi and the irs. the irs scandal could be the most dangerous michael had some choice words for ms. crowley. obviously, she does not know any history. mary, your take on what crowley says is the worst scandal in american history. >> i think it could be one of the greatest scandals in
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american history. today, we don't have any evidence that anyone ordered this. you are looking at the regulatory state gone wild. please go to this. please go suppress the free speech. you simply have the irs. the most powerful organization in the country. no one is paying attention here. let's go and push our own political views. stuart: you do not have written proof that they said go and do this. >> no. it is even more worrying. you have a regulatory apparatus. getting letters from the senate. listening to the president's speeches. suppressing the first amendment.
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stuart: it is outrageous. not one agency completely run amok. when you add up the president think there saying there is not a smidgen of corruption, the department of justice saying we will not investigate, lois lerner and her attorney. it starts to smell like a cover-up. stuart: let's get back to the market. we will take a look at the big names. let's start with curated green mountain. please remember, green mountain was near $125 a share just a month ago. what does grover norquist think? he joins us after the break. ♪ [ male announr ] how can power consumption in china,
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the years of the bush administration. this is deeply disturbing. anyone or any business who values athletics should be concerned. i would have thought that she would have been a huge asset. >> she would be. anyone that knows anything about condoleezza rice and how she was raised, they would be lucky to have her on. >> there is a real intense desire. >> they started after spreading to the heart of washington. you see it everywhere.
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private views about marriage and he gets run out of town. let's hope that does not happen here. stuart: let's get back to the stock market. the selling is still in progress. disappointing news from jpmorgan not a good sign for the economy. take a look at grub hub. back to the irs. very important subject. grover norquist is here. in her mind, the irs scandal is the most dangerous and irs history. what do you say to that? >> some people had a contract and they made a few bucks at the expense of taxpayers.
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not good, but sort of a one-time hits. she put them in prison for it. the breakout watergate. not fbi agents. again, the power of the state was not used to enforce it. they did not have 25 agencies going after their political enemies as they did with the truth to vote. it is the government apparatus which has endless resources. >> we do not know whether it was a group of irs people within the agency off of their own backs that went and did this. a direct link between those two groups has not been established.
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until there is, this whole scandal probably will not blow up part as some people would expect. >> there is a direct link. second, when they came forward, the president did not fire everybody responsible. we know enough to know that real crimes were committed. that lois lerner interrupted and got in the way of the way you are supposed to protect people's rights. she stepped in and politicize those in violation of the rules. the president protected this.
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the justice department is not all over this. that is a widespread participation. as mary said earlier, the idea of a bureaucracy, the irs kept going to the white house. the white house has not been very forthcoming about what happened at those meetings. with that said, and agency itself, that is very, very dangerous. this is 2001. the computer goes crazy. it is still crazy. stuart: do you think that the irs scandal has legs. do you also think that the departure of kathleen sibelius
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-- >> yes. we will have a hearing about the new person coming in. this issue will be very important. independent voters that could go either way are not happy with and irs run amok. stuart: grover norquist, thank you for joining us. we went down sharply at the open. came back to a- 15. going back down again now. i want you to check this out please. more geewhiz on varney. the 3d printed robot. we have it here. it will be live on set. it will make sounds. you can build it in your own
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ask your doctor about cialis for daily use and a 30-tablet free trial. >> google says it will accept online orders for its glass wearable technology for one day only. that is april 15 starting at 9:30 a.m. eastern. google did not say how many pairs of glass it will sell. just that the quantity it would be limited. onto facebook. the social network rolling out some changes to its policies. facebook shares right now are up by a little over 1%. so if kitchen is the
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mediterranean version of chapultepec. we have the ceo next. ♪ 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, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ stuart: it did not make any difference to our next company. this morning, my producer described so is his kitchen as mediterranean.
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>> a fantastic concept. we are definitely a little different. we are mediterranean. we are really excited to be here today. just a little bit south of $10. stuart: why should i pay $10 for a pita bread, pita pocket, i think it is, stuffed with chicken and a drink. that is expensive for a guy like me. >> you can get a great salmon kebab. again, fresh, never frozen
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chicken. really producing a lot of value on the play. stuart: you should be excited. you are up. you have made a ton of money today. we have 111. we are in 15 states currently. twenty-eight to 30 will continue this year. stuart: you could say that you should have price the ipo a little bit higher. you are up 72% in the first couple of hours. i am a restaurant guide. this is the best part of the business.
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we are out there to serve great food with customers. >> are you having fun? >> it is a wonderful feeling. >> we are excited. we are excited about our future. >> good luck, sir. moving on, he dropped out of school in the ninth grade. joined gangs in los angeles. he was in and out of juvenile detention. he learned about being a successful entrepreneur. he is here now. joining me now is the author of nothing to lose, everything to gain. ryan blair. the man himself. i do not think of a guy like you being in a gang in los angeles.
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the control room is going crazy. when are you going to go ipo? see i i plan on doing this the rest of my life. you moved away from that background to a legitimate enterprise and you are making a lot of money. your name is ryan blair. good luck, sir. i am sorry i pressured you. amazon offering workers five grand if they quit their job. why would amazon do that? we have an answer for you next. ♪
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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. [ male annncer ] with nearly 7 million investors... oh hey, neill, how are you? [ male announcer ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing.
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if you do not like your job, you can be paid to get out of there. who does this apply to at amazon? the thinking is twofold. amazon's confidence. why would you not want to work at amazon. you are likely a cancer in the workforce. let's talk about the fulfillment center. they are paid lower wage workers. they are getting all of those boxes ready to ship. it is the size of 28 football fields. there are robots that help them. you offer people money to leave. you offer people money to leave
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and maybe they are sort of disgruntled. you offer them five grand to get out. i am not buying the pr line. >> you have a point. they do tuition reimbursement for these workers. they will pay 95% of your tuition. stuart: good point. moving on. we have an oregon chuck driver. find $250 for improper use of headlines. took the case to court. the judge threw the ticket out. lauren, this is a victory for drivers everywhere. why would anyone care. of all the things we can spend our money on.
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>> they are losing. i just wish they would put their attention elsewhere. to make you always pay them because it is expensive to fight them. black market tickets sales are way down. cut in half, actually. the man who runs at the pga superstore on why sales are down. we have the 3d revolution continuing. we have a robot built entirely with 3d printers. back in two minutes. ♪ i'm j-a-n-e and i have copd.
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and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking breo. ask your doctor about b-r-e-o for copd. first prescription free at mybreo.com (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. for your money. it is a pretty bad day too. it has been another sunday of selling, technology stocks and
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big-name stocks, some of them went down, coming back a little, the dow was off 71 points. we also bring you a tea party activist beaten up by the irs, vindication for her maybe as lois lerner faces a contempt charge and the top-selling apps in the hole apps store. a game you paid for. i will offer a partial defense of kathleen sebelius. was held in my opinion a lousy hand. he is now gone. you will need a robot which is entirely 3d printed. it will walk across this desk. that is the financial show. stuart: i would like to say the worst is behind us but we can't say that yet. the dow seems to have settled down to-47 points, it was down
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100 and came back a little. we are off 63. look at the nasdaq taking a beating. it is down some more today. 8 points laura, 4,045. what are they saying on the exchange? is it a bad economy or is it going so far so fast it is time to come down? nicole: we had a 30% year for the s&p 500 and everyone seemed to have grappled the way we ran up. as far as what we are seeing with volatility volatility has been 2014 but everybody knows and they say it over and over again, the economy has not recovered. they know the economy and the numbers we get our dismal, gdp numbers, jobs numbers, i got a note on facebook, 300,000 claims is nothing to cheer about. the only thing to cheer about is it was better than the
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expectation which was 320,000. that was the good news we are going in the right direction. the truth is we still have a tough environment overall. stuart: we will find out with text doc earnings too but we will watch for that. look at netflix, one of those big names in tact saw a huge run-up. it is down 333. remember, a month ago, a bit longer than that it was 458. that chart tells the story. let's broaden this out little bit. is it possible the federal reserve could give any help to the economy or the market? >> what else could they do? they overstayed their welcome. stuart: it would not help to say we are going to print some more money. would not help the economy. now is the time to pull it all back again? >> let's see how the economy stand on its own. did you see the note from
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merrill lynch? things are bigger correction 10%, 15% this august, this fall, september when q e ends and the rate talk begins. stuart: when they quit printing money by the end of the summer and talk about interest rates going up that is when stocks go down. >> we have seen nothing yet but got to find the bottom and we haven't had a correction since 2011. sell in may go away. this is the worst stretch of the year. seasonally affects the market. also midterm elections. stuart: sell in may and go away. i have heard that a lot. this analyst says this is the time to do it. we are getting more prove this week that former irs official lois lerner knowingly targeted conservative groups including an e-mail that surfaced in 2011. here it is what it said. tea party matter very dangerous. joined by becky garrettson,
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founder of one of the groups targeted by the irs. you just heard me read that e-mail their sent by lois lerner. does that vindicate you? does this prove you were right all along that you were intimidated? >> that is a great question. i was definitely bullied and intimidated but i do not feel any indication whatsoever. as the evidence is mounting and we see there really was something seriously going wrong at the irs i am astonished that nothing has happened. no one is being held accountable and horrified me that this is america and the bureaucrats getting away with this but i don't feel vindicated. stuart: you have been on the program many times. take us through what happened. how were you approach by the irs and what happened since then? >> i was ignored for 459 days after submitting an application, then i get a questionnaire with
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almost 80 questions asking for additional information like who are my volunteers, who are my donors, they want copies of every speech ever given, every handout ever given, really and constitutional things they wanted. we threatened them with a lawsuit and did receive our tax status. stuart: do you feel the story has broken wide open and you are closer to getting some degree of satisfaction? lois lerner has been hit with a contempt of congress citation and threatened with criminal prosecution and investigation. you think we are closer to getting grips and getting real answers? >> we are one inch closer but this scandal is so much wider and broader and deeper than any of us ever believed it could be. stuart: what is the reaction from the tea party which you represent and headed up? going into this election i you
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active? >> absolutely and we are growing by leaps and bounds. >> best thing that ever happened to you in this election cycle was the investigation by the irs. >> it definitely got us more publicity. stuart: to people on the ground feel anger the way you do? >> absolutely. we are coming to the time where it seems like our government is at war with our citizens not only with the irs but cattle ranchers, seems like everywhere we turn the government seems to be against its citizens. stuart: what you said has traction with conservatives but does it have traction with middle-of-the-road voters? do you get that sense? >> i think yes. middle of the road people beginning to understand this little bit more. i wish the mainstream media would report what is really happening. thank god for you guys and fox news but most people still don't
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understand but as they learn they are becoming aware and they are perturbed about it. stuart: thanks for coming back again, appreciate it. a loser, another one, not a tech stocks, retailer, go. >> a couple of downgrades today from piper jaffray and bank of america merrill lynch. of $5 price target, 468 talking about spending shifts. that is one of the things they are worried about that these teenagers are shifting away from apparel to other goods. also the competitive pressure in that market. it is down today and under pressure, a new 52 week low. stuart: do you have a winner for me? >> billy had is an unbelievable story. they are considered market leaders, city research said exactly is that, fighting hepatitis c and it turns out
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they have been under fire, 1,000 barrels a peace, two jobs in and take it for eight weeks and in at eight weeks a cure rate of 94%. it is $1,000 a day worth it to people who get this job so they are talking positively about it. stuart: who is going to pay the $1,000 a day for eight weeks, at an insurance company, taxpayer or you personally? the market likes it. stocks are up. the second day of the masters teed off this morning and continues to be a tight race although phil mickelson had a very poor first round. he was able to sink an unbelievable putt, not that one, you saw it a moment ago. take a look. >> into the hole, tight curly.
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it is, it got it! stuart: that was good. you love to see that thing go down. joining us is dick sullivan, pga tour superstore president and ceo. welcome to the program. you run a chain of pga superstores but i am told your sales i the either flat or down. can you explain that? why? >> our sales are not flat or down. the industry in total has gone through some bumpy times since the recession. in our case we are growing 25% year. we are one of the few. stuart: 25% year, really? >> founder, a owner, arthur blank if you recall the name, founder of home depot, sort of the same model we have been together 24 years and we have a model for the golf industry that
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replicates what we did at home depot, growing 25% year so i am in california, not at the masters and love to hear the crowd cheering so we have a growth plan next five years to add a million square feet of golf retail. stuart: let me ask about the black market ticket price for the masters. a subject you might not want to get into but i'm told those ticket prices are down significantly. we put this on the show yesterday. the two explanations, the absence of tiger woods or the brilliance of hd television at home where you can see every blade of grass and easier to watch it at home than to go to augusta. >> i think it is both. if you listen to commissioner finchmom, he would say technology has improved the game and is more interesting for viewers to see the game. there's no question the impact tiger has had on the sport. improved with television ratings but i hear the crowds and
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anecdotally heard people say the crowd of bigger than ever. stuart: i love golf. i don't play and i watch it on television but i understand the popularity of the game peaked in the ear of the tiger woods years, now plateaued general overall sales are actually down a little bit. your superstores are the exception but am i right that the popularity of golf peaked and is coming down? >> it did peak, it peaked in 2005. there were 30 million active golfers, we're down to 25 and it has stabilized. the key is to bring values back into the game. the game is difficult and expensive and challenging so we need to get the youth back into the game, such great tradition with the game of golf but need to make it more fun and that is one of the initiatives you will see in the golf industry this year and the next few years. stuart: you seem to know how to sell golf stuff in an otherwise
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crush. it hit a new blow earlier of $17.51, now is $17.94, king digital, a free game, looking at a game called monument valley, shot to no. one in the apps store. named feature apps of the week by apple. we are joined by neil mcfarland. the game studio behind monument valley. you are charging $4 for this game, $3.99 to be precise and i can use it and get all the way to the end and i am done. you are convincing people a large number of people to pay for a game which uses a very quickly worked other games that totally free. how do you do that? >> we convince people with really good games, high-quality games, the screen shots and
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promotional material speak volumes and draw people in. and that is what people are attracted to. these are beautiful looking, lovely to play, and this question about links is important. one thing we wanted to achieve was giving people an experience they would complete and very few people play games properly and to the end and we wanted people to experience them. stuart: i could grab this game and move up different levels of difficulty and get through and it takes four hours i am told and what is interesting to me is we used to think you didn't want anything off the internet if it wasn't for you. a long you come and charge $4 for a game and how many have you sold? >> we will be releasing figures in a couple weeks, our first promotion, we want to check our figures and cover costs and put money in for the next guest, but
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it is worth considering not just in relation -- as media and comparing to film or book, a piece of a concept with a narrative and a ending that should be considered in that light rather than comparing against a free game designed to keep the player in the apps and spending money for an indefinite period. stuart: you won't give me precise figures but have you sold 1 million of these games? >> no. another misconception is around success that the figures involved are not as high as people expect. they're doing very well but we haven't sold a million copies. we expect to do that but the target hasn't been reached yet. i am not going to suggest we haven't, the figures are not necessarily anywhere near as high as they are for obvious reasons. stuart: i never thought of guys
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with british accents as being particularly technologically savvy but you are the second guy in two days with a british accent who has a good technology product. what is going on over there? >> i think there is a lot of fantastic design in london at the moment. i work at a company where we make digital products, some huge clients a around the globe as well as making our own products. is quite an intense hot spot, people interested in designing a high-quality digital products. it seems to reach a critical mass everywhere you look, bumping into people who are focusing on really great stuff. stuart: englishmen to boot. if you come to new york, how much money you have made.
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stuart: kathleen sebelius resigned today so we put this together to mark the occasion. >> success looks like at least 7 million people having signed up by the end of march of 2014. >> we were anxious to get a website up and running and functional which we clearly failed to do. >> it is the president's ultimate responsibility. >> you clearly what ever. no one has been fired. my goal is to get the web site up and running. majority of people calling for me to resign i would say our people i don't work for. >> a convicted felon could be a
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navigator and could acquire sensitive personal information from an individual unbeknownst to them. >> that is possible. >> there is absolutely no evidence and every economist will tell you this that there is any job loss related to the affordable care act. >> do you agree these stories are lies? >> congressman, i did not hear what senator reid said. >> how many of those that sign up that have enrolled in obamacare have paid their premiums? >> i can't tell you that because i don't know. >> how many of the 4.2 were previously insured? >> i do not know that. stuart: there is a personal side to the kathleen sebelius resignation. cheese dealing with two things the spell disaster. both would be beyond control, she was quite simply in my opinion in an impossible
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situation. first legislation she had to implement, the affordable care act itself, the wall street journal called it the worst legislation in a generation, badly written, patched together, in a rush, top-down rehash of a big chunk, tens of thousands of pages of rules and regulations. she didn't write it, she was given it and told to put it in place. she was off to a difficult start. second she had to deal with the constant interference from the white house, policy shifted frequently, standards were changed and there were long delays in key areas while the west wing argued over politics and optics. incompetence right at the top and kathleen sebelius was out front taking the blame when things fell apart. that is the personal side. she became the public face of obamacare. surname, her face was stamped on failure. imagine the pressure. we have all been in difficult situations in our lives but few
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of us have lived through five years of such public humiliation. throughout it all she retained her composure, she saw it through. kathleen sebelius is a scapegoat, she is taking the blame when the real fault lies elsewhere. nancy pelosi at the arrogance to say you will find out when is in obamacarol when you pass exit. senator reid called obama care victims liars. president obama still thinks government should run your health care system. good luck, kathleen sebelius, it wasn't all your fault.
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with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ on thinkorsw from td ameritrade. stuart: back down a little bit more. 82 points, we are below 16-1. the selling does continue. idea today, we are calling zoe's kitchen the chipotle of mediterranean food, up big, will you look at that? 67% higher for zoe's kitchen ipo today. look at chipotle stock. where is it now? it is up in a down day, $8 higher, 542. charles is back. what have we got here? nike? i couldn't read the script. if i by nike i make money.
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charles: he had two weeks ago the earnings report, currency problems. a company with one real global competitor, is a juggernaut, emerging growth nations up 24%, already been initialed little soft in japan but the stock is oversold and is a relatively safe play in this current environment. stuart: looking at the chart and that is an ugly charge from a couple weeks ago, 77-71. they brought a new golf ball with the center, does that make a difference at all? charles: a factory of ideas and have the curve products, if you're looking for a cheap stock with relatively safe -- not as volatile, this is for 401(k)s. we have been showing you photos
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of this robot throughout of this robot. it is on the set. this is orfi, a 3d printed robot. most of this was a 3d printed. its creator, martin warner from bought objects, that is the name of the company, the overall 3d printer company, and this was entirely 3d printed except the electronic brain of the thing. the plastic bits are a 3d printed. what is special about it? can you make a walk -- i dare you to make it -- >> concern on -- articulate joints, movements, he is what we call by people robot, he has four ligaments on each side and
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what we like about this experiment, those that might love this robot demonstrate quickly the skin, texture, ligaments, form of what you can create with a plastic and put programable software to make do whatever it wants. stuart: 5 by one of your 3d printers and get some software, i can have the software print out any design that i care for and i put the motors in and the brain in. and a working robot, could be a flying saucer or anything. you are in the specialty toy market, aren't you? you are looking towards christmas and the holidays. plenty of people could afford 3d printers fort $1,000. high end -- with a british accent always high end.
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>> as we consume rise 3d printers they're coming out to thousand dollars we happen to occupy the apple level, the $3,000 is a luxury printer, the best resolution, the fastest printer and that leads to a bunch of other things so if you want a high finish or professional outcome, really good retail, print it on our product. charles: lot of people saying pretty stocks, gil the packet coming into the game, you have a 3d printer out there, no barriers to entry. what do you say to those people? >> how many times we heard this story, it is a race to the finish line. and commodities station, one is saturation which reflects the set price and the other side very simply differentiation. you start with differentiation, differentiation of matter how many people you will affect
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price. we have more input, more output, many different materials, many platforms, more complex than 3d printing and took 15 years to come monetize. this isn't happening anytime soon. charles: i am convinced that not sure where the shorts are. >> it is an education program. it will continue to be differentiation. there's another motor coming up that will be 12 times the average speed of any printer and overnight we will go from hours to minutes. that will change everything again. that is revolutionary just like color. stuart: what is the name of the printer? you are coming out with something that is 12 times faster and student. >> the first two versions are out, luxury printer, full color, the best revolution but another version uses the same architecture all about prototype. when you want to innovate fast you want to be able to press a
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button and go to minutes and that will disrupt everything. stuart: will this get beyond hobbyists? charles: there are close on sunday, a hobbyist going to the target parking lot has the electronic cars and airplanes and it looks fun but seven of them and i never joined them and never bought one of those planes. will the masses do this? >> this is about empowerment and enable mensa your putting the power in people's hand. this is an example whether it looks like a box or a human boy or a flying saucer or one of those radio control cars my kids love the reality is now these kids and adults could create whatever they want, the chip looks like an iphone but happens to be something else. bill would you like. stuart: i still say it is a specialty item for people to buy this coming holiday and christmas season. >> there are more functional things. stuart: i will not spend $3,000
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to print a bracelet. >> designers will. looking at the design, wanting to iterate prosthetics ortiz dentures or other areas of manufacturing where prototyped and iteration is important, architect, graphic designers. stuart: you do go on. you are a really good salesman, you really are. the british accent helps. anything you like in america with a british accent they believe you. martin warner, thanks very much, i am sorry that thing didn't walk across the set. i was hoping it would approach. i just wanted to approach me. that is all i wanted. thanks, good luck to you. hypothetical situation. you have a hot new start up, could be worth hundreds of millions of dollars, would you want condoleezza rice on your team? everyone weighs in on the real halftime report on that subject which is next. , are we still onr tomorrow?
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president obama also nominated but did director sylvia mack you to take her place. speaking of resigning, if you don't like your job on amazon is okay. the company gives this unhappy employees an opportunity to earn $5,000 for quitting the. ceo jeff bezos reveals the pay to quit program, amazon shares down 1.5%. after a $6 million lawsuit alleging catherine heigl was photographed without her consent and wayne reed misused her image for his unadvertised and social media, take a look at a walgreen shares, walgreen's is the parent company. ♪
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is how he puts it to work for his clients. morning. morning. thanks for meeting so early. co on in. [ male annncer ] it's how edward jones makes sense of investing. stuart: here it it is, the real halftime report. scott kennedy, from the new york exchange nicole petallides, from bermuda john lakefield, charles payne, lauren simonetti in new york, write to the market please. i say the economy looks weak and there is no help in sight for the federal reserve. is that why we are down again today on the stock market? >> unlike last year's this year given any excuse to go lower we do, last year any excuse to go higher we did. clearly the asset price something has got to give, total market cap bigger than gdp. we need to find some growth or we will see a correction and we
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started that now. the question is how wrong and how deep but we are on that trail and it will be a healthy thing for the economy and the market. stuart: what do you say? is the market going down? >> i don't think the weak economy is helping any. it continues the same. is bad or good and the same. what is happening is the emerging market, first talked-about tapering, sold off. the u.s. market, the u.s. phenomenon, starts to catch up with the emerging market. that has a lot to do with what we are seeing now. stuart: your explanation for the market sell-off. charles: a lot of this began with $200,000 jobs report but by the same token, like telling someone who lives in a desert it is dry. we are used to being weak, the smallest item of note good news and make it big.
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that is beautiful. stuart: to asthma, netflix, facebook, have been losing steam. they were flying high. most of them, not now. >> momentum stocks, highflier stocks, 300% over the last 52 weeks, now they are all talking about that and change the line better than we saw recently where you see them dropping 3% 44%. talking about a note from mark newton he basically said we are likely to trend higher but at that point people use that opportunity to sell their long positions, maybe take some short positions for the july/september time. stuart: let's focus on netflix. >> i love netflix and house of cards is one of the best written
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tv shows, and over 50 times next year's earnings, supposedly coming online. i loved the company but not the stock. stuart: when you like tesla, the viewer is asked you about tesla, are you buying it here. charles: if i had $1,200 i would be -- i would buy three shares because of that doesn't hold, 165 but at some point it was 50. stuart: another big name you know, will loren, what is going on with jpmorgan? >> the first big bank to report, the numbers were not good, profits down 20%. these are the themes you need to know next week when 19 other banks report. mortgage is down, trading profits down. 35 down, the news is not good. wells fargo is the exception. stuart: then the price of gold not moving that much.
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i thought traders would be seeking some shelter, safety. no? >> like i said before, i am buyer of gold, some sort of inflation, came in stronger today. we have inflation under control thank you indy has proven it is not inflationary, i don't feel armageddon out there. we are having a correction in the market. gold is underperforming. a lot of folks thought the market would spike higher and that is telling me i don't want to be involved. stuart: growing protests over condoleezza rice joining the board of droppedbox? they said the role in iraq and the fact is she was on the board of chevron among other things. would you want condoleezza rice on your board of directors? >> i think so. we have the masters this week and just put her, one of the new members, one of thest lady
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members. political connections and people on board, jews as a board member. stuart: how about you, scott? >> absolutely. sometimes people protest just to protest. at an end of the day i understand where they make their imaginations turn into their own worst enemy but she was secretary of state, you want her on your board. >> absolutely. the environment during the bush years, technological environment is different now. charles: it is amazing, the tolerance demanded in tolerance left to read its head twice a week, put her on your board. anyone who says no is lying. stuart: last word to you. nicole: absolutely. there was a college recently that didn't want her to speak at the college. are you kidding me? he put her on the board and bring her in, she was an unbelievable reason, she has risen to higher levels, has a huge role in that and has accomplished so much in life.
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why wouldn't you put her on? stuart: well said, everybody. that is the end of the real halftime record. let's go to dierdre bolton, host of risk and reward, following the latest on the heart bleed blood. dierdre: two thirds of the internet is affected by the heart bleed blood. what is different today, i should say that three times fast, what is different today is equipment companies are affected. companies such as juniper and cisco. we will be focusing on that, consequences of the equipment being affected. we will speak with a few take investors telling us how it will change where they put money and we will be with joline kent at the nasdaq giving us trading updates buddy essentially we will cover for people what you do from a personal standpoint and invested in tax, what it means to you. stuart: thanks very much. it won best apps from apple, helps procrastinators get things
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stuart: if you are a procrastinator an apps called finish might be good for you. and apps to help you get things done. the creator of finish is 17 years old. obvious first question, i got to know how does the apps know how to arrange my priorities? how do you know what my priorities are? >> we split your stuff into short, mid and long-term time frames, and it slides up over time. it becomes short-term a few days later. stuart: really smart of you. you totally lost me. you are top of the apps store. the apps of the week from apple. is that correct? >> finish was created by myself
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and my friend michael hanson. i won the apple design work over the summer. stuart: what do you charge for this apps? >> finish is free. stuart: how do you make any money? >> in a variety of ways. we limit you to ten tasks. you can set an exact time. only a due date. you can pay $0.99 to finish more end unlimited tasks and set times and we have integrated some cool rewards which we make some money off of so when you complete your task you win free stuff. stuart: how many people who have taken you for free and go on to give you some money? what proportion of your initial sign's give you money in the end? >> a reasonably small percentage, looking at 10% conversion but future updates, we had in the first 48 hours over 50,000 free download. stuart: would you sell for $10 million now? >> depends who is the potentially.
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>> welcome to risk and reward. we focus on real estate, hedge fund strategies, news tech and venture cap. the encryption bug that makes two thirds of the internet vulnerable. our guest tech investors will tell you how they see the consequences. we show you more ways to make money and better ways to keep it. ♪ amazon's app store has grown to 200,000 apps. it has nearly tripled in size in the past year. it still trails behind apple and google. google last getting a less exclusive. google will be selling glass to anyone in the
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