back at the loews for the day on wall street. money coming out of equities today. time for "varney & company." stuart, over to you. stuart: good morning, everyone. climate change is real. it is hurting everyone. now, he will start to fix it. the french go the other way. tax cuts and saving cuts. warm up. amazon geared amazon beats walmart. switzerland wants to bite american household names. the list is long. much worse for the environment than the pipeline. yes, we have that story. we bring you the guy that survives naked on a desert island. "varney & company" is about to begin. ♪

stuart: three big names we are watching over you. hedge fund manager david einhorn betting against athena health. he calls it a bubble stock. look at it down. the lockup period is over. the stock is down big. 11%. they are buying burke. check the stock. you know the names involved here. stock. and clanton amongst many others. and it is a long list. president obama anticipating the national climate assessment. that report finds, quoting directly, climate changes having a present-day negative impact on americans's everyday lives and damaging the u.s. economy as

extreme weather, flooding, drought and other disasters to every region in the country. the president is following that with the report of a meeting with government a university scientists and meteorologist telling them extreme weather like superstorm sandy is directly linked to global warming and you wants action. fox news senior meteorologist janet deegan is here. is linking the extreme weather events to climate change, what do you say? >> we won't be able to prove climate change decades, even centuries. what i find irresponsible is blaming certain things on climate change. and bloggers and twitter saying this is climate change, it is something that happens, places flood, i study weather, i do a five day forecast, anything past five day forecast is impossible

without we tell people what is going to happen in a month, six months, year, ten years, a decade. stuart: what about the point that extreme weather, hurricanes getting worse because of climate change lewis >> we only had hurricanes, we always had strong hurricanes but we have had not had a major hurricane hit the u.s. in eight years, we haven't had a category 5 hurricane since andrew in 1992, one of the coldest winters on record, parts of the northern plains, upper midwest, that doesn't jibe with the global warming thing, we have arctic ice cover that rivals 1970s this summer, we had such a cold winter across north america as well we had tornado drought the past couple years, record low numbers of tornadoes this year, a terrible outbreak last week but that does happen, destructive tornadoes happen every year but the first outbreak that we have now is

global warming, it is climate change. it is out of control to the point of forecasters like myself who give a five day forecast i am starting to see it on national tv news, of whether people with a five day forecast saying look at the flooding in florida, this is climate change and that is starting to fear mongering, that is what i don't like, every event that happens that might be extreme that is a natural event, of the weather is always changing, always evolving, always adapting. stuart: the president looks at aerial photographs looking down on the western states, he sees, he is told that 80% of the icepack is not there this year. he says look, global warming is real. look what is happening. this is having a real effect now when but it these aerial pictures, you dismiss that entirely? >> the fact the we have more cameras out there, more people

chasing tornadoes, more images, cellphones, 10, 20 years ago we didn't have the capabilities to track these storms. technology very good we can track hurricanes and see where they are happening. i believe in investing money in this kind of opportunity to make sure forecasters like myself can tell you where the hurricanes are coming but andrew in '92 will be raising the alarm bells and say this is global warming, this is a category 5, this is something that has been very quiet so i can tell you as a weather forecaster that even wildfire season hasn't been impressive this year. stuart: janice dean you know what you are talking about and we appreciate that. >> i can tell you what i have been studying. stuart: the president's policy, national policy on his belief that individual weather events are linked to global warming and do something about it. >> my invitation was lost in the

mail. stuart: janice dean, thank you very much. back to a fino health. the story here is hedge fund manager david einhorn says the stock is a bubble stocks so here we have another case of an investor, wealthy investor big guy, has a position, then announces that position, and makes money off of it. he bet against aquino. and he announces that. he bets against it and then he says i shorted it. charles: every one wants to ordain this guy some sort of amazing stock market superhero and follow him, you helped this stock and really believed in it yesterday. then you need to find a way to do your homework a little

better. having said that, when the guy was short, michael course, you never stepped into a michael core store, to building mexican grill to taco bell, he has never been any the one. he's not a genius when it comes to the study does sit on a pedestal, put there mostly by the financial media so initially these things happen. in this particular case i love using the word bubble. and extraordinarily expensive stock. of 21 to 200. charles: if he is short, remember this is a $36 stock pattern as an obama stock. stuart: twitter, the lockup expires. now selling it. stock is down big, how big? nicole: a new low today, 34, 33 at the moment down 11.5%, the

lack of expiration, provides inside is the opportunity, they alone, the outstanding equities, 80%, you're selling indeed. question that the founders would not when they were asked, we will see if they held to that. the other thing, other articles circling around the analyst calls which you love. goldman sachs and deutsche bank have buy ratings webmac on december 16th, wells fargo, it is underestimated the challenge of this company. stuart: steer clear and helped with. >> it puts us at 16-4 at a bad

level. a new gallup poll with fewer people relying on the 401(k). 40% of non retirees to use the 401(k) as a major source of retirement income. many people have no faith in the economy and wall street but they're not taking a advantage of the 401(k) and the opportunities they provide. another cold for you. this is from you. it shows republicans with a lead over democrats. that is the exact opposite of the poll resorts, and here's former reagan adviser and author of an inquiry into the nature and causes of the wealth of states. his name is art laughter. call me irving.

you said if republicans do extremely well this november, the stock market doubles, that pupil works pretty good to you, doesn't it? >> yes it does. i am not surprised. why would people like what is going on? it is terrible. you had nothing but bad news all the way for the last five years and i don't see why politicians would go back into office. stuart: what do you make of the other poll we quoted? people staying away on 401(k)s, people who have not retired, people don't use the 401(k) in retirement. i find that extraordinary. >> don't know what they have been doing to be honest with you. over the last 14 years you had no increase in the value of stock market in real terms, this is not proven to be a great sort of vehicle for future retirement. there has been a big rise from the depths of the great

recession. if you go back in time it has not been very good at all. i don't know what they plan on, maybe they plan on working forever. stuart: your power -- the going to get you. it seems to me if you walk away from of 401(k), walking away from money you find on the street, walking away from opportunity, that is really wrong. hold on a second. i got to get to one more. go back and look at the jobs report from last friday. it seems to me like the new normal, you get a gain of 288,000 jobs, but you get 806,000 from the work force. i don't think the market decided yet whether this is a harbinger of bad times for the economy or good times. where do you stand on this? >> look at it any length of time, not just one month or the other month, we had a huge rise

in the labour force last month and this month accused the drop in the labour force larger than the other one. there has been a steady decline in the participation rate in the united states that is almost exactly offset by the drop in the unemployment rate. if you look at what is looked at, look at employment, it dropped very sharply during the sharp recession and into the 50 range. there is no improvement in the last 5 or 6 years whatsoever. it is a catastrophic recovery. and nothing good in any of these reports. and it be good. the policies haven't changed. the democrats have not been willing to move ahead on pro-growth policies. just got to move ahead. stuart: thank you very much

indeed. picture this. you are stranded in the middle of nowhere, you are naked, no tools, no food, you have nothing. what do you do? you make money of course. that story coming up 20 minutes from now. how is this, $1 billion a day. that is how much facebook will charge for a video and and companies they are not happy about. why? you will find out in a moment. check this out. sunken treasure in the atlantic ocean recovered from the s.s. central america. the details on how much gold was found after this. wondering what that is?

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one of below of the day but certainly low, we are down 85 points, we're looking at 16,400. the price of gold this morning, $1,307.77 an ounce. now this. odyssey marine has recovered

1,000 ounces of gold from a shipwreck off the coast of south carolina, that is the one million dollars worth the wait, there may be $6 million more at the bottom of the ocean at that site. as we said the ship is owned by company called odyssey marine explanation, a publicly traded company, no reaction from the stock. it is up one cent at 228. facebook preparing to launch video adds that running your news feed. only inviting a small number of brands to participate, those companies will be paying facebook $1 million a day to have those ads run, they're not getting all that much for their money. the ads will run without sound and users can scroll right past them without watching. the vice president of social marketing at socialradar.com joins us. i don't get this. there is no sound. can you really just scroll right past? can you get rid of them?

can you do that? >> the same way you'd get rid of this so they will run just like videos already running on facebook, they run in the background with no sound, they still show up in the feed, a fairly significant space and users are going -- it is a good visual users may stop and shake a look. stuart: it is there. >> in front of you. >> get rid of this. >> you can scroll it. this is your line of sight in your feet, you will see them just like you see your friend's content there posing as well. stuart: facebook is trying to maximize revenue, $1 million a day, at the same time not really an oil users that much with stuff that comes at you and won't go away. both sides of the fans are playing that. >> they don't want to offend users, trying to get users back on the system.

people i speculating that folks that will buy these million dollar dad's have maximum impact so tv shows, movies that really have a day of the fact and will spend the money and these eyeball son they sade, going to have good results in their static adds to be spending that money. stuart: you have 1.1 billion users and the million dollars a day. there's a remarkable equation. facebook is doing well with these things, better than twitter for example. >> that is probably certainly true. people are fighting for those ads on the sideline right now and it is in high demand. stuart: what about google's express shopping delivery service in manhattan. they say they couldn't handle the demand on the first day. what about producers tried to avoid us something in the

morning. >> they couldn't by noon, they had a big red flag across the site that said they could no longer receive additional orders and this is not a bad problem to have but demand is high, if folks on the show were skeptical in manhattan, there's a drug store on the corner, grocery on the corner, why are you even using google same-day service? clearly the demand was there. charles: you might not remember cosmos, the bicycle messaging company that was going to revolutionize same-day delivery, raising maybe a billion dollars. was amazing. anyone you saw in an orange bag use still see today. you couldn't make money because a tube of toothpaste how the make money? >> google is not charging a surcharge so they are losing a great amount of money but the

goal, amazon to google, but amazon has the option available to consumers. stuart: when you like facebook, million dollars a move, google same-day delivery couldn't meet demand, still good move. >> the folks, the video-game at midnight, sometimes they can't get the video game. if they're going to buy it somewhere else these folks will come back and use google again, same-day service because it is in demand. stuart: apple is in the news too. aren't they watching a push to get people to upgrade their iphones? why i they doing that? getting rid of inventory? >> probably but it is a combination of things, doing it with a retail store event so they want folks to come in to their retail store and trade in their old i phone especially cause and advertising folks eligible for upgrades to coming and they want people coming in storm. a up the amount, giving people

credit when a trading old phones. clearly making the big push to get people to their retail store. stuart: they want you in those apple stores. >> and amazing score. they want you to come in and browse around and pick up accessories and come back any time you need something. stuart: and they help you, they really do. >> i love them. they got there i phones, go in store -- i don't need help but my dad's iphone stopped working and set up an appointment, went in and they fixed him right up and got a good customer is there because he was so grateful for their help. stuart: people of a certain age. it was a different agent entirely. cinco they milo might be over but the discussion on facebook and twitter continues. you our viewers have a lot to say about it and you agree, it really is cinco they milo. all about making money.

response after the break. liberal elitists coming to tears at an event in new york city. white house leaders. find out why. we've never sold a house before.

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stuart: you can sell lot to line up the tequila shots and bring in the marriott's event, and corona and count the money. a lot of the ads but i have seen our right and anybody who is anything but mexican. that was part of my take on why we in america celebrates! the mileage lot of you seem to agree. rochelle asks why is the u.s. already a foreign country? they don't celebrate it in mexico. it is and invented holiday by the alcohol industry.

not quite. john says just like hallmark pushes holiday, to sell greeting cards, hispanic seemed businesses or products push for cinco they my. keith fitzgerald chimed in, at something that makes this country great place to live free market capitalism. whole lot of fun and profitable at the same time. thank you for your comments. deegan coming. first lady of fashion, some people call her that, was joined by the first lady of the united states, michele obama at the metropolitan museum of art ware costumes center was opened up in winter's name. in a rare public display of affection winter actually cried, maybe because she was indeed being honored but do you remember this ad from miss winter? late night talk-show host jon stewart did not miss a beat when he caught me talking about her.

>> sarah jessica parker and vogue editor on the winter cold and exclusive event for the president's reelection bid this >> stuart varney, that was a little [bleep] annoying the president doing a lot of fund-raisers you don't have to put on that accent. >> i am anna winter and i am so lucky in my work i am able to meet the most incredible women in the world. >> okay, i take it back. i take it back. that was a pretty good impression of an winter. stuart: even if he is making fun of me we are flattered when jon stewart watches our program. i called coach, democratic luxury. look at it today. a new 52 week low, down it goes. here is an adventure, get dropped off in the wilderness, no supplies and you got to survive for ten straight days, no help whatsoever, just you and your survival skills. that sound like a nightmare?

after the break a man who does a band gets well paid for it. here he comes. >> 804 degrees, i am sweating 3% of my body weight every hour. at this rate four hours without water could be enough to kill me. weekdays are for rising to the challenge.

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stuart: watch out amazon, here comes walmart. walmart's online business now growing at a faster pace than amazon's. lauren simonetti, you have the details. >> walmart's online sales growing 30% to $10 billion. amazon is growing 20%, of much bigger, $68 billion so why is walmart growing its online presence so fast, that is why they're investing money. and opening 3 different online fulfillment centers, online testing of groceries, same-day delivery, this is where walmart is facing its money and doing a good job battling the bigger players which is amazon. stuart: its still surprises me, amazon is a much bigger player in online, and exceed amazon's

pace of gains. >> expected this year as well. online sales to get from $10 billion to $13 billion. stuart: that is why amazon has gone from $400 a share to $303. you got to keep that rate of growth going. thank you very much. we were down 90, now we are down 78. but the level, 16,452, we are still way up. let's get back to it. a gallup poll reveals fewer people are relying or going to rely on their 401(k)s to fund retirement years. a simple statistic, charles. fewer people, only 48% say i will rely on the 401(k) when i retire. that surprises me. charles: it surprises me in some regards but not from what i have seen. you talk about the rally having

low volume and the market being crazy and everyone being overly zealous, they are not. even when we hit the highs of 2007 people were not overly zealous. so enthusiastic about the stock market. from being in this for the last several gears, several decades, that 2000 high, not only were people in the market but putting everything they had into it and then the new high after we crash and made the new high in 2007, they were in there but not with the same zeal or the same money amount, they were buying options, maybe a hundred shares instead of a thousand. now this time around it is even worse and it continues to linger and i think the point was brought up earlier that the market hasn't done anything in the last 12 years and you are right, anyone who says it is absolutely right but 35 years old and i think i will retire in 30 years i don't know if there has ever been a 3-year stretch where the market didn't do anything where didn't outperform

inflation and that is what people have to look at. this is part and parcel of the whole country, not just the stock market. confidence and stock-market peaked in 2000, both crashed. it crashed again, stock market at a new high, confidence is here. i did report this morning on my hotline about a entrepreneurship. it is incomplete freefall, complete free fall. the idea of taking risks, building for the future, whether it is stock market, owning a home, any of this, a really scary thing, psychologically beneath the surface. stuart: when you get this bad news about the market being fixed, being read. that puts people off. charles: it really does. stuart: an opportunity being missed. back to you, you have -- going to make us some money. confidence enthusiasm. valero energy. charles: we had the trade numbers out today. fuel, oil, amazing, $4.1 billion

worth of fuel. gasoline, jet, diesel, export to other countries. it is down $400, the economic miracle of our oil is amazing. absolutely amazing. they did the largest independent refiner in the country, spinning off the retail branches to drag this company, earnings estimate, an amazing wonderful chart, it will continue to do extraordinarily well. they will have rails, oil from other parts of the -- they will have a new facility next year. crude-oil exporting facility built, done by third quarter this year and really big by the first quarter in 2015. b l 0 had its ups and downs. stuart: we talk about the death

of brick and mortar all the time. office depot is closing, closing 400 stores. what is the story? nicole: there seems to be a lot of good news, no bad news at the moment. stock is up 16% for office depot, $4.84 a share. they came out with great sales numbers, sales are surging, one of the reasons they are closing 400 stores and the rest will go into the remainder of 2015, they are doing so because of the acquisition of their formal rival office max, a lot of insider stock about the synergy, getting ready with the stores that are underperformed and not needed, but one thing you talk about the death of brick and mortar don't forget office depot had been seeing weaker numbers up to this point. sales were not that great. in some places they saw negative year over year numbers so this happens to be a great quarter and the shareholders are singing

today. stuart: you close 400 stores and you go up 15%. >> they raised their full-year view. stuart: that is the point, that is the point. got it. thank you. the supreme court rules in favor of public prayer at government meetings, you can do it. an important issue but the political implications perhaps even larger. the liberal justices versus conservatives on the supreme court. our judge responds to this next. >> shall we pray? almighty and everlasting god, father, son and holy spirit, it is with a do sense of reverence and awe the we come seeking your blessing upon this gathering. ♪

[ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks...

breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. >> the new teeth of apple's retail division getting a huge welcome present, the former ceo of bribery apple's new senior vice president of retail and online stores, and restricted shares of apple stocks, $60 million payday for the first week on the job. microsoft sending out invitations in new york city, the in-flight says, quote, join us for a small gathering and that is fuelling speculation it will announce a new smaller version of the surface tablet. amazon is making a lot easier

for twitter users to shop launching a new service that lets twitter users automatically add products to their amazon shopping cart by tweeting using the hash tag amazon and up next a big ruling from the supreme court on prayer at public meetings, we have the judge wayne and after the break. latte or au lait?

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tweet as using-tag ask pain, charles will deliver. he has been asked again about fire i. i know you recommended this stock, now you are being asked about it in general terms by viewers. charles: absolutely exploded a couple weeks before the target fiasco. we took profits around $76 and went up higher. it has been as high, look at this chart. now, the report "after the bell," the street looking for a loss of $0.53. this is one of the favorites that a lot of people in the financial media jumped on and have been beating up. i don't know how it will react to the earnings but the question was posed by kevin g. asking longer term. longer-term is a hold, beaten down pretty good from where was, there's a lot of hysteria. also in these been down stocks, over the last two weeks i noticed a lot of buying on this,

smart money might be actually not talking, might be helping to talk these stocks down and pick them up on weakness. kevin -- it is oversold. stuart: the supreme court has upheld prayer at public meetings, the ruling on monday was 5-4, prayers can be presented at official government meetings, no violation of the constitution. judge andrew napolitano is here. that was up 5-4 conservative majority. is it true to say there are five conservatives on the supreme court? judge napolitano: if you look at the kathleen sebelius case, the affordable care act it was 5-4 the other way because the chief justice sided with the liberals so when there is a swing justice usually justice kennedy, that justice in the affordable care act was chief justice roberts goes with the liberals and it is 5-4 the other way. is not fair to say it is always a 5-4 majority, it is frequently

5-4, and sometimes for liberals and swing justice and four conservatives just -- stuart: a precarious balance. under what circumstances could the conservatives or the liberals obtain a clear majority, clear-cut majority? judge napolitano: occasionally there are 6-3 opinions, sometimes in civil liberties areas as n the george bush terror era cases that there were five of them and all five went against the government and all sorts of different majorities, one was 9-0, one was 6-3, sometimes you find some unusual alliances when dealing with civil liberties when the left and right out number the middle but for the most part it pretty much stays with four conservatives and four liberals saying together each side trying to to woo justice anthony kennedy and conservatives appearing to be more successful,

more frequently than the liberal. stuart: is that going to change? will one side or the other? >> it will change with a passion -- passage of time. stuart: which way is it going to go? i will make the rash assumption president obama is succeeded by a republican. do you think conservatives will get a clear majority? judge napolitano: yes. it would be fair to say justice ginsberg will leave the court in the next six years which is two years from the president's term and the next term of whoever succeeds barack obama in the white house. if the senate is the majority republican, that president will likely have his or her choice to replace justice ginsburg. stuart: if it is hillary clinton who is the next president of the united states -- judge napolitano: she would choose a very useful, very

liberal jurist to replace the senior but very liberal ruth beta ginsburg. stuart: supposing the republicans do not win the senate this november. does that give president obama another two years to get through a liberal? judge napolitano: now we get into what is the health of justice ginsburg and her determination, she has found herself in the unenviable and surely and predictable position of resisting some of her former strongest supporters. very much a woman of the left, her whole career has been proudly and unabashedly and yet it is the left that is trying to force her off the court, they want her to resign now while barack obama is in the white house and democrats controlled the senate, they fear the democrats will lose control of the senate in november and should she shoes or should

nature choose her to leave the court while barack obama is president, he will not appoint a replacement just as liberal. i was recently at an event with justice scalia where i was interrogating him and we took questions from the audience, lawyers, law students and judges. one wisecracking law students the up and said there is a lot of pressure on justice ginsburg to retire and she says she doesn't want to. would you do her a favor and retire in her place? he replied by saying i would take questions, didn't say i would answer them. stuart: we promised it to you, survival, bringing in ratings, making money, we have the star of the big show, what is it called? marooned. he is on after it this. stick with innovation.

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stuart: stranded in remote areas of the globe for ten days, and stafford has nothing to help him survive. no life, food, clothes. take a look at a bit of the

show, roll it. >> haven't got any sharp edges on them. make a bit of a skirt. no survival tools so while i am here i will rely completely on the resources i can find. stuart: interesting skirt you got there. thanks for joining us. i want to make sure i have this absolutely right. i have not seen the show. you have nothing and i mean nothing, no clothes, no food, no water, nothing at all. is that correct? >> it is correct. the old point of not having any close was 2 underline that really. let's spell this out. the survival event, going in literally naked then everyone will get it, you literally do

not have anything. and against the naked fashion, and it was in these circumstances. stuart: what is your backup? are in exotic locales. you could get bit by nasty snake. have you got any backup whatsoever? >> discovery journal commission and therefore they have to ensure it an emergency sample ramped up in a sort of container, if there's an emergency i can call this summer. stuart: there was a discussion in our production meeting as to why on earth you are doing this. you got kids? are you worried about yourself? i you making a lot of money? why are you doing this? >> i just think my biggest fear would be to go to work every day, sitting front of the

computer comes at the desk and in the middle of london, i think throwing yourself all sorts of different challenges and today to turn that into a career where we do make money out of it and it is a dream come true. every morning i pinch myself. i was doing adventures really. and cameras are very lucky. stuart: is a great shot. i am really going to watch this thing. thanks for being with us. this is one of the most unusual tv shows i can never imagine. that is amazing that you do this. pleasure to have you with us. good luck with the show which is called naked and maryland and it airs sunday. i hope to see you again soon. did you get that? thanks. cheers. as the president pushes for

renewed focus on climate change, where does that leave the keystone pipeline? new at noon, it is not as bad a polluter as cow flatulence. we cover it all on this show and we will have for you guarantee. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. 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.

stuart: rest assured no qe. for you we have card counting at vegas. then aflac is banned for it. one of the world to great card counters is here. he has nothing on cow flatulence. they guy who wrote the book on fracking and emissions. and here online that presence and supplies now want to send it to your home. how much? and comfort food for democrats. comfort food for democrats? business is booming. we have a cupcake sisters who

count john kerry as customer. and i will have an ode to you, our viewers. loyal, passionate and diverse. ♪ >> when the people get the five day forecast and say look at the flooding in florida, this is climate change, that is starting the fear mongering and that is what i don't like. now it is this every event that happens that might be extreme that is a natural event that happens. the weather is always changing, always evolving, always adapting. it has since beginning of the atmosphere. stuart: that was janice dean commenting on the white house meeting. today the present is make a big push for climate change legislation kicking it off today with the much-anticipated

release of the national climate report. it says global warming is having a big impact on our economy now. rich edson at the white house. what is it, democrats the senate lining up for cap and trade? tell me it ain't so. >> it has beenhe house passed al and democrats had a 60 vote bullet proof majority in the senate and did not even put it on the floor. the politics don't lineup. too many vulnerable senate democrats who don't want to go anywhere near cap and trade. there is an energy efficiency bill on the floor. there might be a cap-and-trade vote, but it is a republican bill by center from missouri. his bill would make cap and trade illegal. that is about the only action you're seeing in the u.s. senate. stuart: go around congress, not legislation. thank you very much.

the keystone pipeline. the second string legislation this week that would grant approval to it. the epa says a pipe out at 18.7 million tons of carbon to the atmosphere every year. let's put it in perspective. the "washington post" today points out cow flatulence is is possible for producing 10 times that amount every single year. let's get more on emissions. here is the "wall street journal" see the energy reporter, the author of "the boom." i know you don't steal that much with emissions. your book is all about fracking and those who pioneered the whole concept and who introduced this revolution. they are americans, are they? >> absolutely. everyone in america. stuart: you have i identified te people who started it all. hydraulic fracturing.

they started this how long, 40 years ago? >> some of the original were cap and after world war ii. in the late '90s some technological changes brought to us. by the early 2000s, the companies are often running. what is so fascinating as it is not the exxon and shrof chevrone world. frankly they are still leading the effort. stuart: if we bring a lot more natural gas, we in america do cut our emissions significantly. we have already done that, as a matter of fact. are you in position to comment on this? >> i actually looked up the numbers, "washington post" is right, 18.7 million tons per year from the keystone pipeline above and beyond if you compare that with conventional oil using the tar sands oil.

it is about 140 million tons per year. it is about seven or eight times more from livestock, but to put this in perspective, both of those are tiny fractions of the overall greenhouse gas emissions you get from cars and power plants. stuart: if we were to use natural gas in a lot more situations, we would cut emissions significantly, i believe. the pioneers of fracking have had to face these charges they pollute groundwater. have they successfully said no, we don't pollute groundwater? >> they have not been able to make that argument. in the book i write a lot about how if you build the wells correctly come up with cement around them, you are not typically going to have problems. but the perception that when you frack there will be water contamination has really stuck to the industry and the industry is having a hard time digging

his way out of that and saying we can do this safely. stuart: are you satisfied you can do it safely? >> what i have seen is if you have a strong regular tour a body keeping an eye and the industry making sure it is doing the work it can be done safely. this is not high tech work that needs to be done. just make sure when you build the well you are satisfied the well has integrity. once you do that, basically you can have a fairly high degree of confidence. stuart: author of "the boom" come again. important stuff. a big deal about this one. trying to buy the consumer care business. they will spend $14 billion on it. right now merck is down 2% on that story. the brands are interesting. some really big names. you know them all, and they are

in play. have you got any of these in your medicine cabinet? a whole list of products that will be combined with the ones you see on your screen. making aspirin, aleve, flintstones, you name it, you get it all together and there is a possibility you will create a huge conglomerate that dominates the drugstore over the counter business. very interesting deal. all it takes is one hedge fund manager to talk down a stock. let's talk about athena health h care. how bad? nicole: pretty bad. down 12.5%. and you have david einhorn, he was at a conference where he basically said one assumption after another, to overly optimistic on this company. it has too far to fall.

his comments of his hedge fund shortness now down 12.5%. don't forget it was the same conference back in 2008 he actually said his company was shorting lehman brothers ever know what happened to lehman brothers shortly thereafter. stuart: thank you very much, nicole. a totally different subject. ben affleck has been banned from playing blackjack at the hard rock casino because they say he was a card counter. he is still permitted to play other games, just not like jack. he is banned for life. a man familiar with the intricacies of counting cards, the author of the book "the house advantage" and joins us now. you were a card counter, weren't you? >> yes, i was being stuart: a band you, didn't say? >> yes, said i could not play blackjack. same casino.

stuart: i am told if you play blackjack at a vegas casino these days, the shoe uses six different decks of cards simultaneously. doesn't that make it very difficult to count the cards as they come out? >> you are not counting every single card or memorizing every single card, all you are doing is tracking the cards you have seen so you understand what you're going to see. all you are doing is look at how many high cards versus low cards, that will help you understand what your odds of winning are. stuart: so yo you're just figurg out how many cards are in a six deck shoe or whatever it is. >> basically when there are a lot of high cards left, it is in your favor, so you that more. you are not memorizing anything, not like it is some magic. just tracking the cars as they come by. stuart: is that enough to swing the odds in your favor? >> absolutely.

if you do it right you can swing the odds in any individual hand three, four, 5% in your favor. over the course of time probably about one to 2% advantage over the casino. stuart: that is enough to make significant money. how much did you make before they chucked you out? >> we made about $5 million. you need a lot of money to make money. he has to be betting a lot of money to make any real money. stuart: can a casino just chuck you out on suspicion? they don't have to prove you are card counter. >> card counting his 100% legal, just using your brain to beat a game. las vegas, nevada, casinos have card out legislation where interpretation where they can refuse service to anyone they want as long as they are not doing is based on a protected class. they cannot throw you out because of your race, but they can throw you out because i don't want to deal to you because you'r you are card coun.

stuart: what do you play? >> i go to the casino and play crops and things like that not looking to gain an advantage anymore. it is pretty hard to do that. stuart: thank you for doing that. we like your expertise in card counting especially when that aflac is chalked out for doing it. great book, by the way. see you again soon. check the big board, where are we? down 75 points. we were down 96. the gallup poll shows less than half of non-retirees plan to use a 401(k) in their retirement. they blame the 2008 crash. another example in my opinion it is the little guy missing out on potentially solid retirement.

>> you have made money since 2009, everybody has, but the problem is we don't have our confidence back to put money into stocks tied to these investment vehicles. when you're getting ready for your retirement years, 48% relying on the 401(k). where will we get the money from? pension plans? new line the kids? they'rthey are probably still pg back their student loans. stuart: if you buy into a 401(k), your company is giving you a match to some degree. that is found money. to turn that down because you're worried about the stock market seems to me to be the wrong way to go to put it mildly. >> they may just not be maxing it out. stuart: i think you should. are you in your 401(k)? >> i am in it and maxing it. i checked it today. stuart: you should.

people love spending their money on their pets, they really do. $58 billion per year, that is what we spend. a billion a week plus. there is a company that is cashing in on this. can they sell me on their service? i'm about $30 per month tops. charles: he is just open the door saying good luck, guys. stuart: arcade brilliant, beautiful dogs? charles: they must be great hunters. stuart: see them dry food and water. a huge farm to run around on. that is what we do.

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stuart: two updates on health insurance. number one, massachusetts has ditched its own state run health exchange. too many problems with the site, it is gone. nevada, 90,000 people, up to

90,000 are going to lose their policies and that state because of obamacare. but still with nevada first, what is going on there? >> they're going to see insurance bikes of 35% even quadruple to have. stuart: up to 90,000 people get kicked off their insurance plan because of obamacare. number two, those who do have a plan will see a big spike in their insurance premiums? >> i saw one staff that said at least double. we like these stories because it shows boots on the ground and common sense reaction from those people who this is happening two. what they're essentially saying is younger, healthier men, individuals being interviewed in nevada, there are seeing younger, healthier insurance cause going up so that is where the price spikes will go up, but potential layoffs and companies

that do landscaping or gardening because they cannot afford the health insurance bikes they are seeing already. companies like engineering or law firms. they are essentially saying this one-size-fits-all that they are feeling in nevada does not work. the other fallout if they are saying a lot of these small group plans renew before the midterm elections, so you can bet they will be saying to their elected officials watch out. we may not vote for you given what we feel already from our wallet. stuart: i thought they were liars according to harry reid. >> it was a lot of people going on medicaid. that is the truth of it. the state exchange did collect, the federal government having to step in. oregon is under investigation

for potential corruption. stuart: the twitter lockup has expired, so all those insiders who bought at the ipo price you can sell now if you want to. the stock is way down, 11% lower on twitter, 34 is the current price. we keep a close eye on brick-and-mortar and trends therein. best buy down 3%. before the break you heard me says benoit $30 per month on my three dogs. i got a lot of flack for having said that because you spend much more. i was underestimating the amount of money i spend on my three dogs. in 2014 alone americans are expected to spend $58 billion on their pets. our next guest wants a piece of all of that. he is the barks box cofounder.

welcome to the program. but busy i got this right, bark box is a box of stuff for your pet. that is not food, that is treats and goodies and bones and stuff. >> exactly. everything the dog loves. stuart: i can order one box per month of this kind of stuff for $20 it comes to me for as many months as i want. so if i want to give somebody present for their dog or cat. >> just dogs. stuart: pay $20 i get a box like that for one month. are you doing well? >> we are doing very well. stuart: how old is the company? >> the company is two. 14 in dog years. stuart: that is good.

so you're telling me people are prepared to spend this kind of money on treats for their dogs? >> they are. our customers are dog parents. it is growing, more than half of the dog households in the u.s. our parents. stuart: we're not going to tell me that than half of household awnings use bark box. >> not yet. stuart: you are two years old. you tell me your revenues were the tens of millions of dollars already. is that true? you're approaching $100 million? that is close to where you are? that is remarkable. >> thank you. >> do you have coupons? for food or anything? >> no.

we have done that before, but we don't do it every month. stuart: what kind of person spends $20? stuart: are you going to sign up for this? >> i might. >> women who are professional and love their dogs. stuart: there is a skewed toward women? >> 90%. stuart: you've got to be kidding me. to what do you explain that? >> i think it really is a relationship where you are parental with the dog, tends to be women 25-35 not yet married, maybe have maternal instinct kicking in, but they are building their career. my dog is very spoiled, he goes on day trips.

he has a better time during the day and he would in our office. stuart: how many will buy for just one month? >> not many. most commitments for six months to a year, but then they renew. stuart: you've got to be kidding me. really? >> that is right. they want to discover really cool stuff. stuart: did i give you a good commercial or what? >> i think you did. thank you. stuart: would you sell for $100 million into your business? >> no, absolutely not. it is a much bigger business. there are other businesses here. we have a new service here called park care.

stuart: how much? >> between 99-199. for one hour. stuart: i just made you so much money. i'm always surprised about who watches this show, i really am. my take in a moment on you, the people who watch this program. it is an ode to be worse. ♪

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stuart: we have the washington, d.c. cupcake lady joining us shortly. john kerry buys their food. we should ask. this is france. do you think president obama will follow suit? probably not. ♪

stuart: i am always surprised at who watches this rogue red. i am also surprised how many people follow us. i am walking along yesterday and a young man coming towards me and a young man looks at me very closely. he is not dress like a banker. far from it. he sticks out his hand. i think he wants money. no. he wants advice on a stock. who would have thought. he was a viewer. down the street i am buying mangoes at a fruit stand. i get told i look great in jeans. everyone else turns to stare at

me. the man said he is on fox. it is okay. he is a british guy. it was a general response. oh. i know him. this is new york city. two points. fox is more widely watched then you are led to believe. two, there is a broad section of people that are interested in money and wall street. it tells you who your audience is. later, in the supermarket, a lady wished me well on my christmas trip to new zealand and australia. obviously, she watches frequently. she knew about my microsoft investment. another one. charles payne. he gets more street recognition than i do. he cannot even walk down the street. by the way, talk about

capitalism. he charges for pictures. $10. cash. ♪ so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem.

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jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. 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. ♪ stuart: duncan -- dunkin' donuts.

it has been 20 years since i have been in london. nicole: the issue with dunkin' donuts and the american snack in europe is they kind of do not know what it is. they do not know donuts the way that we do. hopefully, they can change what europeans think of our snacks. stuart: they are selling cupcakes. they started in d.c. they have a hit show on tv. joining us now, catherine.

welcome, ladies. how many cupcakes are you selling? >> 8 million per year. you have some there with my face on it. i know you do. [laughter] stuart: there you go. >> we do use the best ingredients. we wanted to make a best in class product.

we bake them fresh. stuart: that is what it is. >> the nice thing about cupcakes is they are small. you have portion control. it is a desert. stuart: so i have two. 20,000 a day. do you have one central bakery? >> we bake on-site throughout all of our locations. that way people who are coming in are always getting a fresh cupcake. >> people can come and seeing the cupcakes makes and frosted.

stuart: total number of our employees? >> over 400 now. just the two of us. stuart: we said you are offering comfort food to democrats. [laughter] john kerry is one of your customers. >> yes. we have customers from both parties. john kerry has been with us from the very beginning. stuart: you own it. 400 employees. 8 million a year. roughly $20 million a year gross revenue. would yo solve? you would sell to the right price, one that you? >> we are really having a great time right now.

we are really having a great time. stuart: i ask everybody the same question. would you sell for $100,000,000.03 they all say the same thing. oh, no. would you sell for $100 million? >> i do not know what we would do with ourselves. i don't think we would know what we would do with ourselves. stuart: what are you going to do in the future? expand? >> yes. stuart: back to my picture on those cupcakes. i cannot see how many are in

there. is it full? a dozen? how much delivered? >> $49 total. anywhere in the u.s. we offer shipping products at a really great price to our customers. we get a lot of requests. stuart: ladies, it was a lot of fun. according to the obama administration, global warming is hurting our economy. stay with us. we will get to that in just a moment. ♪

♪ >> $14.2 billion. a $1 billion up that payment. it will make it the second

biggest maker of over-the-counter products in the world. those plans include coppertone, claritin and aspirin. the french government is urging general electric to change. ge says it is open for talk closures. let's show you general electric shares right now. they are down a little over 1%. stay tuned everybody. we have the real halftime report coming up. ♪ we've never sold a house before.

(agent) i'll walk you guys through every step. there are a lot of buyers for a house like yours. (husband) that's good to know. i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare.

stuart: here we go with the real halftime report. elizabeth macdonald is right here in new york. they blame the crash of 2008. >> if folks would've held him there, you kind of have to keep

that into consideration. i think that in 2008, yes. they still are not back in. we will see what happens. you can trust the market, but you cannot trust yourself. >> there is a pull out of office in that says people do not think that they will get their money out of social security. i think people are disgruntled. i am not as concerned about this 48% in the gallup poll. stuart: art laffer said this. world it, please. >> this market has risen a lot from its lows. once those political changes

occur, i would see a much higher stock market and let's face, 2016, 2017. >> scott, do you agree with that? >> we need to see economic growth. that will make everybody happier. if he is saying that the economy will thrive because of the gop, while then i agree with him. it is all about the economy and growth. >> the gop gets in, the economy will thrive. things like defunding obamacare or on winding consumer finance financial bureau.

first time we have seen 600. apple wants you to upgrade your iphone. are they kind of clearing the deck for decks for the iphone six, do you think? everyone talks about the iphone six. >> everyone is waiting for the iphone six. we did see the stock above. we did it 60441 today. waiting on the iphone. stuart: michael, are you the guy that would not apple at $600 a share? >> yes, i am. which was it? >> $1000.

i think i said 28 months. stuart: are you sticking with it? i am. next thing i knew, i was walking out with a lot of other stuff. you can get people in the store in they and they will start loading up on extra things. stuart: next up climate change. it is damaging the economy. you know what that means. a tax is coming. do you agree with that? >> no. here is what i have to say. if you are running a company and use it around the boardroom and you have to say, maybe it is not the weather. maybe there is something fundamentally wrong. we have got to get the growth in

this country. it is not about the weather. mark my words. stuart: we hear you. we hear you all. risk and reward is next. deirdre. deirdre: we are watching, just like you. this lockup period ending. much of the bigwigs are saying they will not sell. huge declines in the stock. we will be talking about the reasons why. we will tackle that theme. mike lazzaro, the biggest exit. he sold off for about $800 million. we will ask him what he thinks of everything that is going on with twitter. we will be covering what we think is aly baba pricing.

stuart: that will be interesting. the french seeing the light on taxes. this is reality. we will explain it next. ♪

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stuart: talk about getting a surprise. check this out. a $4000 drone for someone. a piece of federal property. it had been in storage for a while. france president promises to turn around the france economy with tax cuts and less spending. liz: just a reversal. record joblessness among the young. the failure of the socialist party in france. now, that idea is for the president to cut spending to pay for tax breaks for businesses to create jobs. stuart: he does not understand if you cut taxes on this, you increase the size of the

economy. you bring in more money. his back is against the wall. a guy who leads the french socialist party would never expect for him to turn around and say i love the taxes. who would have expected that. now, it will flash of a reversal. as the popularity goes to record lows. >> your take is next. the local

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our best value plans ever for business. visit truecar.comoney,com,t and never overpay.yer's remorse. a good deal or not. "okay, this is the price,"sman comes and you're like.ells you, stuart: would you sell for $100 million? the entire business? >> it is a much bigger business. stuart: very hard to get a straight answer.

i always ask the same question. we do not need small teeth to get comments from you viewers. andrea, admitting more carbon. it seems that american cows have more energy potential family that. good one. kurt gave us his reasons after walmart outperformed amazon in online sales growth. walmart had the advantage where you can buy something online and return it to a store. amazon does not have that. now, here is deirdre bolton. deirdre: welcome to risk and reward.

we will tell you who is holding on and who is selling. ♪ other pickup lines we are following for you. $15 billion. one of tax biggest offerings ever. we will tell you why it matters to silicon valley. well, stuart, what is going on with stocks. we just want to show you a quick snapshot here.