that will do it for us on opening bell. the market up four points. stuart: thank you very much. it was not just intimidation. lois lerner wanted to prosecute conservatives. good morning, everyone. the evidence is in. focusing how to pursue the prosecution of conservative groups. surely, there will now be a criminal investigation. google takes in the money. spends it. build the business. "varney & company" about to begin.

♪ >> i have not done anything wrong. i have not broken any laws. i have not violated any irs rules and regulations. stuart: here is the e-mail verbatim. the doj could piece together false statement cases about applicant who lied. she wanted to know how to get

justice. welcome back. is this criminal? >> we have a little gap year. is this criminal activity by lois lerner? >> yes, it is. i think she really should have taken the fifth amendment, frankly. not only is she urging the doj to initiate these things go out when they, by the way, no investigation, zero. if we could just shut one of these groups down, just one, she said it will send shockwaves and it will stop this activity. conservative organizations. she is driving with friends of hers. that is what she says. i work with these people.

meanwhile, the irs regulation states that if there will be a false claims charge, in other words where someone has lied on an application, basically a form of perjury, the irs initiates the investigation. a criminal referral letter. i used to work with treasury a long time ago. justice would take it from there. none of that happened. this would be e-mails coming back and forth. stuart: i want to go back to what president obama told bill o'reilly on super bowl sunday. >> these kinds of things keep on surfacing in part because you and your tv station will promote them. stuart: all fox's fault. not a smidgen of scandal.

okay. got that. how does general holder say no to an investigation? >> the referral against lois lerner, i do not take that will go anywhere in the department of justice. when you look at these e-mails, i do not think it is the department of justice. you have to add a special prosecutor. you have the doj being brought in by the irs. one prosecution would make an impact. those are the words of lois lerner. stuart: one prosecution.

that is what they wanted. one prosecution. thank you very much, indeed. one week ago today that monica crowley said on this program that the irs scandal was the most dangerous scandal in u.s. history. that was a bold statement. listen to what they had to say. >> the president did not fire everybody responsible. he made no effort to get the fax. he participated through his administration and appointees. >> if a taxpayer decides to challenge the irs, they have to use their knowledge. stuart: well, you, our viewers, were quite out spoken in support of monaco's position.

marvin says, watergate was a pick nick compared to the watergate scandal. monica crowley is with us today. she created this. quite a stir. i think it is important to talk about what is happening here. that is a very, very serious thing. >> the second article of impeachment was the mere suggestion of using the irs to go after a single political enemy. he did not actually follow through on it. it was the beer suggestion

the irs was one of the few institutions left in the u.s. government. they have tried for years to try to be as nonpartisan as possible. what we have here, not against other elites. kennedy against richard nixon or richard nixon's suggestion. thousands of them who just had an opposing view to what their government was doing and wanted to express that point of view. that is what makes it the most dangerous scandal in u.s. history. public twitter.

it was deliberately priced low. it leaves need to ask, is it off the social media rose? this is a social media company. charles: they are having some real trouble. they are getting some real serious competition. it is eating their lunch. a couple years ago, they had a public outright, a public outcry against the chinese government. they cracked down on them pretty hard. ironically, they have never done that to we chat. they will have a 30% stake. ultimately, i think they will take them over.

>> you have 600 million users. charles: it is a concern. the parent company is up 12000% since 2004. stuart: where does we chat come in? charles: it is a competitor. one is a hot company, one is not a hot company. stuart: it is not up yet. what does that tell you? >> i would imagine it could get a small bounce.

stuart: google is spending money in it self. countless other expansion moves. takes in the money. spends it on itself. growing the business. sandra: you have to spend money to make money. an average quarter from a great company. hoopla has major headwinds. mobile advertising and turning it into revenues. bottom line is those ad revenues. stuart: would you buy it and hold it, charles? charles: the smart phone is

killing google at the moment. sandra: i love it. stuart: look at this. three more big names. start with triple date. that stock is on fire. 5% on a $581 stock. sandra: they kept the walkable he on the menu. stuart: lower revenue. down it goes in a half percent. when it goes down like this, that is the equivalent of shaving 60-point off the dow industrial average. time is money. it is monday thursday. sony playstation4 selling big.

7 million consoles sold as of april 6. meanwhile, microsoft has been keeping quiet on xbox one. i know for a fact that microsoft stock is down today. next, we have yahoo!. taking out google as the go to search provider. they are just talking about it. the private taxi sharing service uber, a court trying to kill uber. any driver caught caring a single passenger will be fined $13,000. that will teach these american startups. what are they thinking? a rant on this later. the judge.

he is up next. we will get the latest. also, filling out detroit. $100 billion. i call that a backdoor bailout. is it legal? remember this. in the detroit city council just after the president's reelection >> there ought to be exercising leadership on that. of course not just that. ♪

stuart: i will call this the plot. 16,000 on the dow. time now for the price of gold. where is the price of oil right now? i believe it is down.

it was down earlier. do not look now. national average for a cast of regular. 365 is where we are. it will not be long before we see four dollars gas and some state. big banks reporting today. morgan stanley profit up. they are up 3.5%. goldman sachs profit down. better than all of those expectations. they beat the expectations so the stock goes up. new e-mails reveal that lois lerner contacted the justice department, wanted to contact, wanted to have somebody else contact the justice department about criminally prosecuting conservative groups. within e-mail like this, how can

eric holder refused a criminal investigation? andrew napolitano is here. >> nothing like putting the pressure on me. how can i possibly have an answer what was in eric holder's mind. stuart: i have the e-mail. it is right here. >> he can resist because he has the discretion under law. there is no way to force them to do so. no group could go to a judge and say to the judge, ordered the attorney general to appoint a special prosecutor. stuart: how does this look politically? >> it looks horrible. benghazi was the result of a 15 minute video made by a

probationer in southern california. the government is not listening to your phone calls. how many more lies do they have to tell? he clobbered that romney. stuart: they cheated. >> if mrs. lerner goal was to use the irs as an instrument to seek vengeance on conservative groups because the citizens united supreme court opinion unleashed funds from groups and corporations, there definitely needs to be a criminal investigation. somehow, they are conflict did. he is morally obliged.

stuart: i think congress should call it the turning general and ask why he is not criminally investigating. cedric you will say, you do not want to go there, buddy. it was replaced with a statute. stuart: i have another one for you. you are not off of the hook yet.

they would diver money. they want to diverge from the light removal. now, is that legal? >> i cannot imagine that that would be legal. stuart: it was allocated to the state of michigan. he has already diver did. he is now on the vote tuesday, will he or will he not let that money go. >> the politics would say do it.

it is federal dollars intended to get rid of polite. they will pay money who have already worked and already retired. stuart: it is a bail out, isn't it. >> yes. stuart: judge, that was not bad. happy monday thursday. >> holy thursday. stuart: he says you look ridiculous wearing it. your reaction from facebook and twitter next. that is me, by the way. you know that glass is an early

prototype. they will make it very cheap. a few years from now, the models on sale will be from a museum. ♪ [ male announcer ] nearly 7 million clients.

how did edward jones get so big? t me just put this away. ♪ could you teach our kids that trick? [ male announcer ] by not acting that way. it's how edward jones makes sense of investing.

stuart: bright and early every morning we hold a production meeting to map out our show for the day.

today a heated argument about google glass. how a thirtysomething producer said you look ridiculous. glass is overhyped. who will wear something as goofy as that? these youngsters. you know that glass is an early prototype, they will improve it, they will make it very cheap. a few years from now the models on sale today will be in a museum. stuart: that was from my take yesterday whether i think google glass will ever become mainstream technology. a lot of you agree incredibly with my producer. if you wear them, you get pushed down and your glasses get stolen. no thanks. it is like wearing a bull's-eye. keith tweets i don't see google glassmaking in the mainstream. and the issue of distraction.

fairly valid points but my point remains this is a prototype, there are possibilities and they are endless. take a look at netflix getting an upgrade. up, 3% on netflix. higher profits of ge, oil equipment, investors like it, ge made $26 per share as of now. a new poll out from fox news, more bad news for president obama? 37% of the respondents think president obama lies about important political matters "most of the time." just 15% say the president never lies to us. bottom line, majority of the people do not think he is being honest. that is a fox news poll. washington sets a new record in 2013 with 26,417 new regulations. maybe this is why the u.s. economy is not growing at the

pace at which it should. we will discuss that in our next hour. after the break, class warfare. excuse me, class warfare. in silicon valley. millionaires causing controversy and san francisco. we have a guy who wrote the book on it next. ♪

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stuart: thursday morning, a long weekend of the dow flat, down 11. lower profits of united health care because of cost related to obamacare. where is that stocks going? i will tell you momentarily when it appears. we have american express, it rained in its expenses helping the profits but not the stock, down 2%. charles is going to make us some money. ubiquity networks. the lesson form of "where" and ubiquitous, wherever.

charles: or in their case, everywhere. probably picking the right name. in october 2 profits in november, december 2 profits in january. did it in february, took profits in march. now w we're back into it. this is an amazing company. they are making the internet going for 5g. around the world. forget about aging these big holes, the drone stuff is a few years away. his is today, a hot company, they do the fiber optics, the whole networking aspect, it is a volatile stock. you have these big gains, but i still think this is one if somebody can look away and not worry but volatility, you can buy it and hold it. you will be up substantially. stuart: 5g. that is the next big thing.

charles: bringing all kinds of revolutionary things without giant tunnels or holes. four times hopefully will be a charm. stuart: the growing animosity in silicon valley. class warfare between tech elites on one side and the rest of the people who live there. they are not quite violent, but big protest. our guest wrote a book about it, he joins us right now. how serious is this fight between the two sides? will it spill out into real violence, do you think? >> i hope not. it is certainly heating up, we have to patent when people people are standing in front of buses commie have to listen to what they have to say be at stuart: it is resentment, isn't it? the very wealthy elite of silicon valley, those are the

two sides here. >> i would call it people who are living together. silicon valley is a wonderful place. there are all kinds of things going on, technology happens to be one of them. i have had a great benefit of it, but we need to work together and share our space, there needs to be a place for people to exchange ideas and to share. stuart: raise taxes on a silicon valley elite and spread the money around to the masses, is that what you are saying? >> i'm not here to talk about tax policy. i wrote a book which is really about releasing creativity while paying attention to the point of view there is uncomfortableness at any time people could be laid off. stuart: if you want to get rid of this intensity and animosity, what do you do? >> i would exhibit a lot of

humility. when you hear people talking about those kind of analogies, those are not helpful. breaking up california to several states, one of those states being a state called a silicon valley that doesn't make any sense. people make a statement about making a place to live, you work with the community and find ways to have housing that makes sense. stuart: that is woolly thinking. make housing available. what are you talking about here? >> if you continue to bid up the price of housing and go further and further away from the center where people are working, yeah, there needs to be affordable housing for people if you want people to be able to live in the same city with people of the 1% and .1%. stuart: how do you describe the both sides prescribes the same party. they are all democrats in california.

the elite cannot get enough of the left. people on the ground floor vote democrat as well. >> california the democratic stronghold. they have been for some time. whatever your political party is, you still have a desire to make money, a desire to innovate, a desire to push creativity. that crosses party lines. not just one party or the other, we all believe in democracy, we all want to invent the world. stuart: you think california really believes in that capitalist system? >> i have been a beneficiary of it. stuart: do you think the tax rates are high enough? if i live in california, high marginal tax rate is 62%, should i raise that? >> i am not a tax expert. people should pay what they need

to pay, if you're making that kind of money people are making, you should be willing to pay because you're making good money, having a good life and there's nothing wrong with that, you're getting good services for that. stuart: i given, surrender. i will read your book, but i am a skeptic. okay? >> i hope you will. i hope you come to our opening when w we're on stage in new yo. stuart: you give me a free ticket, i might be there. >> you will be there on opening night, we will have a ticket for you. stuart: done. "this is rage" is the name of the book. thank you. there is a new app, it is going head-to-head with yelp. it may have something of an edge because it gets reviews only from trusted sources, not anonymous posts. is that an edge or not? we will deal with it after this. ♪

>> a 19-year-old canadian is the first person arrested for using the heart bleed bug to steal personal information. canadian authorities say stephen use the bug to gain access stealing personal information of about 900 canadian taxpayers. he now faces two counts of

computer-related fraud. great news for sony, is announce it has sold 7 million playstation videogame consoles since it was launched last november. the playstation sold 20.5 million games and related software. shares down fractionally. robert rizzo, former city manager of bell, california, sentenced to 12 years in prison forced to pay $9 million in restitution for his role in stealing $5.5 million from the city. five other city council members have been convicted of misappropriating city funds. up next, an any restaurant reviw app. [ female announcer ] who are we? we are thinkers. 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.

legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours.

stuart: how big of a part of his public image getting the people coming to buy your stuff? >> public image is important for the most important public image we have is how the customers feel when they come to chipotle. the best marketing we have had the last 20 years has been the word-of-mouth of our customers who going to the restaurant and have a special dining experience. stuart: that was the co-ceo on chipotle a couple weeks ago. the strategy seems to be working. tell me about the stock rally today. lauren: chipotle is looking pretty good up almost 3%. this was not a bad earnings report at all. although there was a slight miss on earnings. here is the issue, chipotle

favors higher cost from packaging, these prices, avocado prices. they have not raised their menu prices yet but it is something they are considering doing in january. costs are affecting chipotle, but a good report, sales up in the double digits and they expect sales to be strong the rest of the year as well. stuart: so there you go, up goes the stock. think very much, lauren. the online dating company called zoosk announced and they will go public. trying to raise $100 million. wondering if the ipo market has jumped the shark, run its course, so to speak speaking of the episode of happy days where he jumps the shark, goes overboard. there have been a series of ipos. if this craze has jumped the shark, run its course?

charles: to a certain degree. all of these, 2000 all over again, we have to give individuals credit. i am not buying the stock. no disrespect, i am not buying the stock. people are not attracted to this, it is not a hot company, it is not a hot others. i talked about over 200 ipos went up 100% or more in the first day of trading. i think it is only been about 10. it never truly materialized to the degree we said it has. the jobs act was a favorite from president obama to silicon valley for funding his campaign. it is gone public with so much to me from before. as a mad -- to do it while you can.

stuart: i want to bring your attention to a new app to give yelp a run for the money. it gives reviews of local restaurants. unlike yelp taking a lot of criticism over negative anonymous reviews, they only come from trusted sources. none of them are anonymous. wwe're joined by the founder and ceo. welcome to the program. >> thank you. stuart: so it is an app. i get into the app and you tell me where the restaurants are near where i am and you can count reviews of those restaurants. none of those reviews are anonymous. >> a all of the r reviewsws a am credible sources. talking restaurant critics like new york city, "new york times," new york magazine, the michelin guide, chefs, bloggers and

friends that you are connected to. you can log onto our website using facebook or twitter, you're immediately connected to all of your friends who are also on the app. stuart: but i am not getting a lot of critical reviews because it is not anonymous so you don't get to the left side of the argument, do you? >> the great thing is they give the most informed view on a restaurant. many of our reviews are critical, many are not positive, and many reviews are positive. because they'r they are from lee sources, you can trusted. on yelp a lot of it is they do not know who these reviewers are. they could be anonymous, they could be robots, who knows. stuart: how do you make your money? who pays you? >> it is a free app. we are integrated with open table.

any sort of reservations you can book on our app or if you order delivery, we get a cut of revenue. you can do it all. view a menu, order delivery, book a table, basically do whatever you need to do. stuart: so i get on your app, i find there is a nice little restaurant nearby, look at the reviews, i like it, i book a table at that restaurant through your app. dinner for two, i made big flashy guy, $100, how much do you get? >> we get a cut. stuart: how much? >> each restaurant pays open table a certain amount for each individual booking on related to how much the diner spends. we get a cut of that. stuart: so it is a flat rate. like $2, something like that? >> around that.

on average open table gets about $1. stuart: that is vital information. so $1 per reservation. and you get a piece of that $1. if i have gone through you to get to open table to get to the restaurant. >> we have similar deals with grub hub and others. stuart: how many employees have you got? >> sinc six people across the country. live in new york, chicago, boston. stuart: six people to run a nationwide app and you get a piece of a dollar as the thing goes through. what is your volume? how many reservations? >> we are a startup. completely focus on building a product our users want. stuart: i got it. how many reservations did you book yesterday? >> i would have to look that up. let me tell you, most, much of

the revenue coming in the future will not only be from these lesions like open table, it will also come from sponsored content. stuart: how many were placed her your app? >> hundreds. stuart: so your revenues at the moment are not that great, but you are coming on strong. >> taking the nation on by storm. we offer something compleletely different. stuart: excellent. excellent. it is taste savant. free app. >> you can find it on the iphone app store. thank you for having me. stuart: after the break, more hot properties bid what is $1.5 million get you in scottsdale, arizona, versus miami? you will find out in a moment.

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 predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented.

no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.

stuart: here it is, the latest edition of hot properties. this time cheryl casone has

$1.5 million looking at comparisons between miami and phoenix. what do you want to do first, miami? cheryl: let's go to miami. it is pretty fabulous. new yorkers would be interested in this one. stuart, what we get for $1.5 million, go. cheryl: three bedrooms, three baths. 2200 square feet. it is a condo built in 2009, almost a penthouse. very high level floor. stuart: that means i have a neighbor above me, that way, that way and that way quest mark cheryl: you have neighbors every direction. a view of the bay and two parking spaces. and age away fees a little more than $1000 per month. you and all your n neighbors can pay y the association fees on tp of the mortgage which is estimated to be about $5800 per month. stuart: that is miami. give me scottsdale, arizona. cheryl: five bedrooms, six

baths, 6300 square feet for $1.5 million, brand-new built in 2004 but so is the miami property relatively new. it was sold for 1.7 million, so actually a price reduction on this one. and you can rent it out fo. you could almost cover the mortgage on the scottsdale property and only paying $238 per square foot. stuart: it says here the lot in arizona, 43 acres? cheryl: i think that is a typo. the northern area the golf resorts that are up there. a lot of expansion. a lovely place. stuart: i find this series fascinating because you show what you get for this amount of money here and this amount of money there. one is topic, one is desert. , again soon.

a cyclist death-defying trip down a mountain caught on video with a gopro video. that will be next. plus, earth day is coming. john stossel will not be celebrating. his here to debunk environmental myths for us. ♪

[ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients. ♪ morning. morning. thanks for meeting so early. oh, it's not a big deal at all. come on in. [ male announcer ] it's how edward jones makes sense of investing. ♪

stuart: welcome to shock and surprise. didn't know, lois lerner didn't just want to harass conservatives but prosecute them. surprise, we charge your phone in thirty-second, the instance recharge, he could get a charger to test them. john stossel covering earth they for us next tuesday. he just can't wait. i will bring you the latest disgrace from europe. if they pick up one passenger

they are fined $13,000. gordon chang the on china's twitter, he doesn't like anything. we have got it. happening moments ago, wamo did start trading. this is the chinese twitter. the ipo price was 17. took the best part of 2-1/2 hours to open it up and finally it opened at 1748. that is very interesting. you could say it was priced just about right. it is up and dance trading, 3 million shares already in a matter of minutes, at 1755. we will keep a close eye on it. this is a big deal. look at this video, this has

taken on ago pro camera, professional dare devil going down a mountain in a red bull rampage in utah. so dangerous they called out the competition last several years. now we see why. listen to him and america's newsrooms this morning. >> certainly happy i was on there and pretty bummed not to seek what they are doing. they really changed the game. connell: this is the financial program. the video when complete the viral, more free advertising going to go public later this year. >> this video is thrilling, exciting, most of us would not do superextreme biking like that but agree billboard and advertisement for go pro. i want you to wear go pro camera for when you go shopping because

you hate going shopping. or go for a camera on your head, i would love to see that. stuart: no way you will watch me go shopping. go perot does it again. free advertising. >> we have a superman flight on go pro. check the big board, and coming back a bit, the dow down 14 points. if you weren't for ibm which is a stock way down, i have a winner for you. a police strong profits, stocks went on a tear recently, as this morning is up $8 at $5.61. to lauren, google made billions. >> about $3.5 billion. and advertising marketers, not sending as much money to put up at dawn small screens, the

real-estate is not there on the phone. that mixed expectations. this is what the wall street community is saying. keith -- keep calm and search john. this is a good stock to be in according to wall street. not having the best day today. stuart: it is not as bad. >> in all areas of life, tighten aerospace. stuart: they are everywhere. ipo this morning, weibo is called the chinese would. joining us is a man who writes extensively about china, gordon chang. the price is 79 day. gordon, you are not a big fan of weibo. >> certainly not. this is supposed to be an ecommerce play because ali baba has bought into it.

it is illegal to own a part of weibo. if the chinese supreme court, declared illegal. and take away everybody's shares. it is involved in public discussions. there's nothing good about this company. stuart: technically according to chinese law at the moment i as a foreigner should not be able to buy stock in a communications company like weibo but i could have just bought stock in it so the danger you think is the chinese government will come along and take away my stock. that is a remote possibility. >> we had a similar situation in the 1990s where they point to a chinese telecom co. and for instructor, which is probably illegal when it was put together

and the chinese government said it was. and area foreigners invest, they have a variable interest entity structure which is also a dodge and the supreme court just declared it to be a dodge, declared to be illegal. the chinese government has been much tougher on foreign investors recently. not inconceivable this could happen again and in the unit, deal foreigners were disadvantaged when their shares were taken away. stuart: you have been forecasting the crash of the years. given me a time when it would happen. >> fourth quarter this year. stuart: what will push it over the edge? >> we had a real problem right now growing at 1% or 2% when you're looking independence day and the unofficial data on jobs,

imports are weighed down. and the debt crisis looming on the horizon. property sector in really bad shape. and pushing a little bit longer, making the problem bigger any time they avoid the inevitable adjustment. stuart: we are watching for it. thanks for joining us. we have a series of tech stories we want to talk about and samantha murphy tells us why these stories matter. that is your function today. i am going to give you a bunch of stories and you will tell me why is it is important. the play station iv sold 7 million consuls. why is that important? why is a game consoles sale important to me as an investor? >> it is important to look at the fact that place station came out in november at the same time as x box i. sony in general their sales have been down a little bit but the gaming sectors up so is doing

well, people are excited about it, they are waiting on x box i sales which should come out very soon but in general it is doing well, it is healthy and also interesting to look at in comparison to x box i which is more expensive than play station so play station is $100 less than x box i but the disadvantage is there's not a specific game that is known or exclusive to the platform and x box i as that. stuart: our game consoles that important to the scheme of things? >> people are buying them. entertainment is there and getting in general and there's a demand for it. sales are lining up. stuart: yahoo! ceo marissa meyer is pushing for apple to drop google and start using yahoo!'s search engine in devices. i can understand how that is a big deal. >> interesting to look at yahoo!

in general, what kind of company is yahoo! a tech company, search company, ramping up their video, interesting to look at so many strategies they are trying to do right now. if you open your iphone google is the populated browser on the safari for iphone and tablets but if yahoo! were to come in and make so much sense why they would want that in that way but marissa meyer, the ceo has a relationship, she came from google and has a relationship with a lot of people from apples sell apparently they are planning presentations and talks. stuart: if yahoo! gets into apple, the search engine default search engine, that is huge. >> i don't think it will happen but i could see why and i don't think so. stuart: apple partnering up with shares sam. we are not talking gomer pyle. they make the apps that can

listen to music, tell you what is playing and send you to the itunes store to buy it. it is rumored apple will integrate this technology into the new iphone operating system. make sure i got this right. if i have it on this thing if i walk into a store and there's music playing i press the apps button or whatever it is and it tells me what music is playing, who is recording it and how i can buy it. i pressed another button and died by it. >> it is a great platform and i recommend checking it out. hold up the microphone and access it to the library but if apple were to use that, in general with the new iphone that is supposed to be coming out is more of a focus on the operating system than hardware. health and fitness applications. and they work directly if rumors are true, working definitely with it to bake that into the interface or into the software so you don't have to download

anything. an extra perk. so then you have a songs like you mentioned. without having to go into another platform. stuart: this beatles' song or whatever it is, it another time and i'd buy it. >> looking towards advertising, you can't deal with commercial, and certain commercials in the logo in the quarter, and information about the company and definitely -- i think it is great. i don't use it for the commercials or anything. it is fun. stuart: samantha murphy, thanks for joining us. get ready for all that global warming propaganda, earth day is next week. john stossel is on it after this. i've always had to keep my eye on her...

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stuart: bombshell e-mails reveal lois lerner suggested the department of justice criminally prosecute conservative groups who simply want tax-exempt status. listen to what they set on this program earlier today, the attorney representing some of those conservative groups, roll it. >> there's another e-mail i am holding here. not only see urging dlj to initiate these things when they have by the way no investigation, zero going in to showing any of these groups lied on their application. this was e-mails going back and forth from one purpose to intimidate one group hoping that would have a chilling effect on the rest. stuart: he represents those conservative groups. liz macdonald is with me. that looks to me like a flat out smoking gun against lois lerner. liz: this is a bombshell that shows not just the irs working with doj and the federal election commission to talk

about that to not only target tax-exempt groups that may be conservative but prosecute them. that is a big deal. what we are talking about is why lois lerner is pleading the fifth, possibly why eric holder will not appoint a special prosecutor because it shows conflict, also shows that what if the house panel did not do these committee hearings into these targetings? what if they did not do that? the department of justice prosecuted these nonprofits, that is a big deal. the other fallout too is we always talked about the keating 5, conflicts of interest, the keating 5 taking money back and forth, we are calling this the irs 10. there are senators and congressmen who are pressuring the irs to do more to stop politicking and campaign expenditures that they thought were not in line with their own way of thinking to. that is the big deal.

what we are talking about is not just al franken but senator sheldon whitehouse is the one who held this hearing, who said listen, you got to get on the stick here. lerner e-mails, sheldon white house is also part of the irs can who is pressuring the irs to do more. one final point this is all about the irs cracking down on political expenditures by nonprofits. what about the national treasury employees union, this is where the irs officials and workers are in this government union. that union gave a lot of money to democrats and potentially to many in the irs can. so sorry to wrap up like that. i know you got to go but the fallout is big. stuart: check the big idea today, weibo, chinese twitter, stock has moved higher, 17 was the price at which it went

public, 1899 is the phrase now. by the way, social media company basically, pulling other social media stocks higher. groupon, twitter, that is higher this morning, linkedin, social media stocks rallying in line with weibo, the ideal of the day. earth day next week. i know one person who will not be celebrating, john stossel. you will not. i know what you have got. you have a whole bunch of environmental myths as a celebration of earth day. give me myth number 1. john: significant minority of people say this is unproven, there's no warning, this is nonsense. i don't think it is true. we have a 17 year pause but the trend is up and man is putting a lot of stuff in the air. stuart: the myth you are busting is the myth of global warming

deniers? john: most of the real myth busting is on the other side. is the most basic one. is the globe warming? probably and probably man plays some part. that is it the real myth, we can do something about it with solar power or wind power, the president saying the electric cars, if he reached his goal of a million electric cars and we are not even that 0.1 that it would delay global warming by about an hour. it is so stupid what we pour money into. stuart: now you're getting to it. give me myth no. 3. john: that it is all bad. warming can be good. more people die in cold snaps the more missteps, more carbon dioxide means more plant growth. we adjust to change. it is not all bad. stuart: number 4. john: most americans think the air is getting dirty year. the opposite is true. every time you buy a new kind junk an old one the air gets

cleaner. it has been getting cleaner for years. it is pretty clean. and other related myth is global warming has to do with dirt in the air. nothing to do with it. stuart: that is old-fashioned pollution. john: sulphur dioxide. stuart: any other myths prior to your show? john: bigger subsidies for oil, no, subsidies for the so-called green energy are much higher, they now cost americans $100 each. stuart: $100 each for green energy? john: mostly wind, solar. john: anything else? john: stay tuned to watch my show. stuart: a short list. the show is a practical earth day, 9:00 p.m. eastern time. the show's name is stossel on the fox business network and it is tonight. john: it is.

stuart: highly rated i believe. it will be now. sheer cheek. good stuff. after the break a perfect example why europe will continue to fade away. my take on the bureaucrats next. well it's official...

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stuart: big-name we know and follow frequently, netflix got an upgrade from pacific crest up $9. ibm lower revenue ,'s hard red demand shrinks, it is down 3.5% accounting for a big loss on the dow. next to the new device the charges your phone in 30 seconds flat, when can you buy and how much will it cost? remember when the funds jumped the shark on happy days? that signaled the beginning of the end of happy days. have ipos jumped the shark? too many of the once. answers coming up. this is a classic. a perfect example of why europe will continue to just fade away.

i go without guber has been treated by bureaucrats of brussels. here is my take. cougar links private taxi drivers by the internet. they want to expand into europe. they got off to a bad start, bureaucrat heard the word goldman sachs. investment bankers, google spies went down from there. buber compete with established taxi companies which in europe are unionized. that is another problem. they're registered, don't follow rules of conventional taxi companies, in italy they plastered the walls of banks with ugly go home stickers, and they went to court. the result of that, drivers will be confined to 10,000 euros, 15,000 usd for every passenger you pack up. that is a clear message.

take technology newfangled ways with you. typical. in socialist society is the entrenched interests ruled roost. they influence the course. they reject what is new and protect the old. that was the case 60 years ago when europe was more dynamic but it's hopeless now when europe is fading. the french and band e-mail ling employees after 6:00 p.m. a 35 hour work week. or numerous forms required to hire a dishwasher. contrast that with america and where it used to be. america welcomes change and loves what is new. americans event what is new. spread around world, what they do. european consumers for shore, who won, actually america did.

europe is a go nowhere society. what a pity that president obama wants to make us just like them.

stuart: rodeo is the game studio behind a angry birds, taking marketing to the next level with

some are comparing them to the almighty in disney. of bit of a stretch. lauren simonetti has more on this. >> coming out with the 3d movies in summer of 2016. and angry birds in 3d and a partner with sony to produce this movie hiring two animators for nine years at disney, known for frozen. these guys know what they are doing. they're doing theme parks too. the theme parks in cities with angry birds seems, they have a couple in china and the u.k. and finland to lose some come to the u.s.. disney has mickey mouse and they had stock awards and the list goes on and on. angry birds will endure out a little bit. stuart: it is a stretch. >> your produce is explaining reflag aes, i never played and i know you never played.

i wrote it because i don't want to miss the. you fire a flabby with a slingshot at a ford made by agreeing pig who stole the bird's a. if the bird not some of fort you win. is that the next disney? let me ask what i do on the subway. i don't play angry birds. stuart: that was a good record. it is us stretch. here is a serious subject. the administration is working on freeing up a hundred million dollars to ease the blow to detroit's pensioners. i call this a back door bailout. reallocating money that is supposed to go here but will in fact go to a d for 08. liz: i would agree with you. a lot of people would agree with you. have a billion dollars in federal government to fix urban blight meaning rundown areas of the city. now the movies to take $100 million of that and basically ease the tension cuts that were headed toward cops and firemen, anything to help the cops and firemen. right? is this an honest way to doing?

stuart: when if the president went to congress and said give me money to bailout detroit he wouldn't get it. egos and says i already allocated half a billion dollars to michigan, supposing we take a little bit out of that and rerouted it to detroit that is a bailout. liz: for the pensioners. here's what is going on. different from all that, when you talk bailout you think money from the treasury to a bank. that is what we all thought. the bailout money coming tour they troy is from different parts of the government. epa department of transportation they all have a piece of money heading for detroit, $350 million is what we saw last fall. and various parts of the federal government. stuart: someone else's money going to help detroit and the pensions they can't afford. i think we got that straight. here is some gee whiz tech for

you. any israeli company developing a new battery that goes from empty to fully charged in 30 seconds. here is the ceo of store dots, which makes the new battery. let me see if i got this right. it is a battery. at the moment it is too big to fit in a smart phone. you are working on downsizing this thing. in a couple years, when and if you have it downsized it would fit in this phone and recharge in thirty-second. >> this is it. you had it absolutely right. stuart: how do i know that in two years you downsize the thing? >> we are working hard in the past two years to try to bring a prototype, this is a new generation of batteries. we have to prove the concept works. we put a movie clip and also show this in the microsoft event and the concept work so now we have two more years to really

shrink it and put it and downsize it -- stuart: what you really got is new battery technology. your proprietary stuff. you invented this, your creation. >> me and my team we have 15 ph.d.s we have assembled from around the world mostly from israel but also mit and other top universities, physicists, chemists, we are trying to create a new generation of batteries we will replace current technology. stuart: that is a revolutionary thing, very big deal. >> millions of hits on our web site since ten days since we launched it. stuart: we saw the video. it works. you can recharge a battery from a smart phone. 30 seconds. and the to full, 30 seconds. works. raw you got to do is downsize the thing. i will publicly traded company? >> not yet. stuart: i you looking for a buyer? >> no. stuart: somebody to buy you? >> not really. we have a vision. we want to make a difference in the world. stuart: when you are not

interested in the one hundred million dollars. >> we will get that anyhow. it is not about getting -- we just want to bring this to market. stuart: all kinds of companies are looking at you. they may approaches to you. dozens of them. thousands of them. have they offered you a ton of money? yes. have they offered you enough money to make you $1 billion? >> they all understand -- stuart: i think they did offer you $1 billion, didn't they? >> they didn't name a number but they are sure this will be a multibillion-dollar company. stuart: multibillion-dollar company. >> if this works everyone will want it, solving a major problem. stuart: why turn them down? you turned them down? >> we are israelis. we want to make it happen. we think about the money. stuart: go ask you this.

in europeans in their wisdom are considering a boycott of israel because of what ever, boycott of israel. will you deny them the battery? >> if you work for israel, no battery for you. stuart: what about those wonderful drones? you europeans are not going to get well. >> israel is a major hub of innovation. doesn't make any sense. stuart: i wanted you to pound the table, get mad. you have no plans to sell the company yes. no plans to go public, you turned down the $1 billion, more than $1 billion a you have a couple years before you can downsize this idea and make smart phone that recharge in 30 seconds. is that summing it up nicely? >> very nicely stuart: how many people work for you? >> 20 people. most of them are ph.d.s. we need to show that it works. stuart: each of them when you

sell could be worth half a billion dollars. yes? >> probably. stuart: like pulling teeth. that is what i do for a living. i am a dentist. will you come back and see us again? >> i will come back when i haven't can give you the first one to fit into your phone. stuart: you will do that? >> absolutely. stuart: on videotape you said it. pleasure having you. it is seen every day, a brand new tax idea. questions on the real halftime report. have we jumped the shark on these publicly traded companies? we will discuss it next.

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

>> learning more about the massive severance package given to former yahoo! ceo and retail castro thanks to the company's investment in ali baba which helped bump castro's severance package to get this, $58 million for the 15 months he spent with the company in comparison

yahoo!'s ceo mark meier pools in jobs, $25 million in total compensation last year. here is a big winner for you, flash memory cards and disk, 50 degrees and in the first quarter, you can see the shares are rallying 10%. robert rizzo, a former city manager of bell california sentenced to 12 years in prison and forced to pay $9 million in restitution for his role in stealing $5.5 million from the city. five other city council members have been convicted of misappropriating fundss. the real halftime report is next. ♪

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it's how edward jones makesense of investing. stuart: the real halftime report, scott kennedy with us in chicago, michael robinson in san francisco and lauren and liz are right here. president obama set a record 26,417 pages of federal regulations in 2014. i got to believe and you got to agree with me, this is helping the economy. don't argue with me. >> i can't argue with that. it is common sense. if we could get the government out of the way the economy would take off and fly. a lot of regulations come in, and it is better to do something more towards reforming the tax code rather than add to it and take away the q e and watch the

economy fly. stuart: what do you say? >> the rulemaking sort is 40 times the king james bible, the biggest rules of the making project have not president obama's watching. and under these businesses, basically what the organization, the government itself made the jobs creator. stuart: stopped it there please. high speed traders i said to be subpoenaed by new york attorney general michael -- this is one of the reasons a lot of investors don't trust the market. >> the good thing is these people making a few pennies per share, not taking 10 or 15% of of the top. and the best game in the world right now what is happening now.

stuart: that is exactly right. >> i am not a fan, but if you're in the market you should be setting an economic function, setting an economic function, they are not doing that. i don't like him in there. it has been driven, there are some good things that happened because of them. that does not mean they are allowed to do whatever they want. all of the i would rather have them out and get on the market but it is not read. you can't rig the economy or what the government does or q e. those are causing the problem. with the last couple secondslf of -- sentence is. gee remember the infamous episode of happy days when fo i fonzie jumped the sharp? has the ideal market does the same thing? dating side is ready to go public. there have been not slew of ipos. you have saber, pay come. to you first. you have a dating site.

does that imply too many have gone too far and jumped the shark? >> companies feeling comfortable and confident to go public is a good thing. tuesday morning at the story, three ipos all priced below expectations and we are seeing more of it. still 90 ipos more than doubling the number. >> we had more the 4 doesn't biotechs going public, just about 10% of them, closed the profit. maybe immediately, 20%, 30%, they dropped like a stick. the market figuring out these ideas dividend have profit watch out. stuart: have ipos jumped the shark? >> absolutely. back in march 10th, 2000, i was on a tech company that floated in london and market timing with investment bankers, something

that comes into the figure. in the last week months more than we ever had. and a little bit of a pause, too many in market. the getting is good so i would be careful. stuart: march 10th, 2000, was right about the time the dot.coms fell out of there. >> that was the high of the nasdaq and i was on the board of a publicly traded company and tech company that saw it go straight down. stuart: happy days, happy man. look at google. higher costs cut into the bottom line, still made $3 billion in profit. google is investing in itself, buying things like big dog robot. michael robinson, the amazon model. spread your business, spread your empire. will work. >> they have a big vision where they want to take google, they

see us moving toward the ear of collective intelligence. for now it will make margins come under pressure but they're moving into artificial intelligence, drones, robotic vehicles. they want to be a vertically integrated company, brought an enormous amount of cash. stuart: what do you say? liz: analysts are watching a $59 billion cash pile and analysts are watching what the gentleman just said. margin compression. it costs a lot of money to make these devices. name of the game for google is make devices people want. maybe those devices are needed. forget about avalanche amazon, consumers excellent, don't force it on them. stuart: that is it for the halftime report. we thank you one and all. a judge denied a request that

would require gm to tell lenders of recall cost to take them off the road. gm was warned of ignition problems as far back as 2006. and before the release of a new cadillac. and the stock and change, $33 a share. risk and reward coming the. dierdre is talking about fallout from the tech sell-off. dierdre: i heard you discussing with our colleagues. and what this means to the entire tech sector. also weibo and what you were talking about as well. chinese micro bloging company. pulling back a little bit on the offering today is the debut in

trade debt but there are a lot of tech investors asking the question what does this mean as far as where we stand in the funding cycle. we are putting that to our guest, ben horowitz, just one of them, my exclusive conversation, more from it coming your way. and will get these tech stocks and follow basically where you left off. stuart: thanks so much. more and more $10 million homes sold in connecticut. is this attacks exodus from new york city's tax the rich mentality? we will discuss it in a moment. (vo) you are a business pro. maestro of project management. baron of the build-out.

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half-million dollars a year or more. who is making all that money? it is like greenwich. stuart: a lot of hedge fund people. >> and a lot of hedge funds. stuart: you can take that into account but you are right. tax refugees -- rich: -- it is lower. first place i lived in america, drove their and night, good lord, america is paved with gold. it is not like westport. your take is next.

stuart: have they offered you a ton of money? yes. have they offered you enough money to make you a billion dollars?

i think they did offer you a billion dollars, did they. >> they did not name a number. they are sure this will be a multi- billion-dollar number. stuart: i got it out of him at the end. that was part of our interview earlier. his company is working on a phone charger. completely recharges your phone in 30 seconds flat. randy had this to say about the class warfare brewing in silicon valley. all they have to do is enter you some new gadgets. young folks stand in line for hours. eleanor says this about the irs scandal. it appears this is definitively a watergate. we hear you. here is risk and reward.

deidre: welcome to "risk and reward." we give you alternatives such as real estate hedge fund strategies. china's version of twitter, weibo. tech companies going public. our expert guest include andrew horowitz. we will give you their take on the funding cycle. we will give you more ways to make money and better ways to keep it. ♪ other headlines that we are tracking for you at this hour, sources say apple is working with shazam to help you identify a song and an artist from an ipod or iphone.