tv Varney Company FOX Business June 5, 2014 11:00am-1:01pm EDT
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$10 billion in fines. you think the regulatory environment -- stuart: i didn't know there was a question and answer in this. maria: you are my colleagues. why not have a q&a? stuart: i am not prepared for it. "imus in the morning" maria: you are always prepared. stuart: what do i make of the $10 billion fine? what do i make of it? another rape of the banks because they are unpopular. does that work for you? maria: over to you, have a good show. stuart: good morning. a big news a endure money is moving. europeans take action and the impact washes over a year that printing money, hurting their own currency, they pagans have their uses and the white house scandal lending confidence comes with a price, the president sinks in the polls. you don't believe joe biden, the
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vice president says we never promised high-paying jobs. you will hear him say it and you will see netflix publicly blamed cable carriers. is a big day. "varney and company" is about to begin. thursday morning, we are up 24 points. that means we are in record territory. diaz and the 500 coming up another record close, 1929. that was a perilous year. the level of the s&p as of now. look at gold, on the year so far, a calendar year up $40, up $10 today. in europe and new developments, big banks have to pay other big banks to keep money in accounts of big banks so you put 100
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euros in you will get 99 euros back. is called a negative interest rate. it is new and happening now in europe. move on to america's benchmark interest rates, the yield on the ten year treasury, no change despite what is going on over there, 2.60%. we can expect maybe an amazon smart phone later this month, that is the speculation, some announcement coming, stock is up $10. investors like the idea. twitter in talks to buy an online music company called sound cloud. the market likes that too, 2.7% gain for twitter. gm's chief mary bara could teach our government about leadership, gm fundamentally failed to meet customers' needs, taking responsibility, fires 15 people, stock up 36. fox news polls making headlines today. the approval level down to 40%. that is the approval of president obama's job
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performance. on the other side of the coin 54% disapproved. 55% say the obama administration made the country weaker and this is a financial program, 39% approve of the president's job on the economy. 50% disapprove. all of this very negative numbers for president obama. tomorrow we get the jobs number for the month of may. many jobs have been created but are low-paying jobs. listen to what joe biden said about it. >> we made sure no one got left behind. we didn't guarantee every new job would be a high-paying job. stuart: we didn't guarantee there would be new job would be a high-paying job. now he tells us. monica crowley is here, 30 seconds. >> this doesn't surprise me. a little burst of honesty from
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this administration about their economic and approach to job creation which has been nil for the last six years. look at those poll numbers, president obama is in the 30s not just on job approval but the economy, job creation, anything related to the economy, obama care, he is in the 30s. americans are finally waking up to this idea if. is a administration hasn't been interested in job creation. they have been fundamentally interested in a fundamental transformation of the nation, taking the country -- stuart: you are right. fundamentally transforming america. you wrote a book about that. i say you can't reverse this even if the republicans sweep the senate this november. you can't reverse it until you get a republican in the white house, and even then it will be difficult. >> hard to run against sandra paul. stuart: i will narrow you down.
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i don't think within the next couple years you can reverse the damage that has been done. >> you can't as long as this president is in office because he holds the major lever of power in a white house. you have to wait until 2016. the republicans are running against hillary clinton, they have an uphill battle too because hillary will position herself as the competent one because the narrative is obama is not competent on foreign policy or the economy. hillary clinton will be the competent one. they will have to challenge her on that because if you get 16 years of this extremist leftist socialist policies locked into america than you really can't reverse it. stuart: socialism. stuart: you have to speak about what is going on in america if you're going to counter it. stuart: check the big board, thursday morning, europeans are taking action and the dow was up 30 points, 16,767.
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in europe, take a look at the euro, it is up a little bit, 136 is the quote. in europe you have to pay european banks to take your money. that is the big picture, negative interest rate. trying to explain this. i give $100 on deposit in the bank, they don't pay any interest, they pay $99. charles: they won't pay interest. all these banks, where do they keep their money? central bank, the central bank is saying to these banks we will give you less of your money than you give to us but if you don't hold of what you do? you have to give up. what bothers me with central bank policies is everything goes through the large banks. that is why the notion of too big to fail will always be with us because we bailed out, past, and begged them to use the money that was printed up and when a disaster hits, $4 trillion
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becomes a disaster we all feel the pain. is ludicrous it has come to this. they may go down the q e path. mario draghi promised -- you still might -- seduced me a little bit more. you are going to buy all my terrible assets and overpay for the maybe i will lend money. stuart: we are getting some benefits and not much, 30 points up on the dow industrials got to deal with general motors, chief mary bara owner of to the company's mistakes, fired 15 people for misconduct, incompetence or failure to act. she also said we can expect more recalls. i don't know but i think the stock is up. nicole: you were right with that, traded today as high as 3704 but hovering around the lows of the day, she spoke, took
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ownership of all the missteps of general motors c, the families who lost their lives because of this and you see the stock down 0.6% but really going forward looking and more recalls, years of litigation and as you noted 15 people fired and at least half of those, more than half were senior executives. more to come from gm but today a little back-and-forth action. stuart: we have some fresh obamacare outrage this thursday morning. the new documents show more than 2 million obamacare applications with data discrepancies. 1.2 million related to income, 500,000 have issues with immigration status, 461,000 have conflicts related to citizenship status. the suspicion is the people falsely reported income or immigration or citizenship status to get a subsidy. >> this is socialized medicine, this is what you get when the
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government takes over 1/6 of the economy and this is the tip of the iceberg, this is on the heels of the announcement we got from the congressional budget office, the cbo saying they can no longer accurately assess the fiscal impact of obamacare. this is just the beginning, talk about reversing of the first thing you have to start with is socialized medicine. got to repeals that. stuart: encouraging people to cheat, we'll give you the subsidy. >> waste, fraud and abuse, here it is in spades. stuart: i'm getting all bent out of shape. the price of amazon please review of it you will like this, it is up 9 bucks. they released this video announcing a big event later this month. they are trying to hint that it will be a smart phone. the smart phone announcement we have all been waiting for, at least the analysts have. digital trends editor in chief jeremy kaplan is here. on the video all you could see was people squinting at
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something they were holding like this, the implication was it was the smart phone. >> what is this thing i am holding onto? stuart: is it a smart phone? >> we have seen pictures of what is purportedly this device, crazy weird new 3d interface. stuart: 3d interface? what is that? >> it means the stuff you are looking at appeared to be realistic and also means you can interact with the phone in weird ways by tilting it or gesturing at this. follows your eyes and does strange things. that is the rumor we are hearing. either no legal credence to it. stuart: some other device, another piece of hardware like the kindle where the fire. they are expanding everywhere. everywhere. >> the kindle is a good point. this is exactly like the kindle. another way for amazon to sell stuff. that is all they want to do in
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the kindle the great job. it helps them to sell things. in theory if they do the same with a smart phone there on all cylinders. stuart: they are called amazon which is the biggest river of the world. one more for you. netflix calling out publicly cable providers by name if they are giving slow internet connections with at&t and verizon customers with a slow connection to netflix, the following screen popped up when they try to stream a movie. you can see it. the verizon or at&t network is crowded, adjusting video for smoother play back. verizon firing back, it is a netflix pr stunt blaming netflix for the slow connection. what is going on? >> so much more complicated than that one screen lead you to believe. netflix is blaming the carrier. the carriers are blaming
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netflix. it is a thorny issue. stuart: there's a flight to plays faster speed. >> if you are driving yourself from here to tennessee, they are on your driveway, city own streets, state owned streets, they have their own private streets, lots of streets that is all rubber and asphalt. same with day. data traveling over the internet, lots of people own those. when your netflix dream to get to you because of verizon or all the other carriers involved in that. there are a lot of deals. stuart: netflix is getting out front and saying it is not us, it is them. >> verizon is greedy, netflix is greedy. charles: if you pay extra do you want more access. >> greg point. the thorniest part is for rising gets paid twice when you watch a video on netflix. you, the customer pay for it.
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netflix is paying verizon for it. is that right? may be it is. it is hard to serve up that little bit -- stuart: the age of the lane of netflix. stuart: you stream netflix? everyone does. but what am i missing? thank you very much, thank you. it is some harsh stuff for you. amateur hour at the white house, the latest example comes from the state department's mary hart, taken to task by a reporter of bergdahl's release. to nancy pelosi confronted by a
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[ male announcer ] see if your business qualifies. stuart: we are moving up nicely, of 50 points on the dow industrials getting close to 16-8. don't look now, apple stock hit a 52 week high of $649 earlier coming off of that high on apple. now of this, mary hart, u.s. state department deputy press secretary at a conference yesterday defending the bergdahl prisoner swap, got taken to task by a reporter. >> broadly speaking we considered all options to get him back. this was judged to be recently, we believe this was the best probably last chance to get him home. stuart: she was taken to task by a reporter, that was a different sound bite.
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i wanted -- ms. hart does not inspire confidence that she is the person the president chose to represent the state department. ambassador john bolton is with us. it is tough to stand up there and defend the doubletalk. is how we appear to the rest of the world. >> children are wonderful. and that is strong stuff. stuart: that is strong stuff. >> the state department spokespeople under john kerry have been more partisan than any in my experience since my first involvement in government in the reagan administration and the clip that has gone around on
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youtube is soldiers who fought with bergdahl in afghanistan don't know what they are talking about when they say he left his post and deserted and said bergdahl knows best what happened that night. it is humorous in a sense because it is so inane but it will be increasingly serious because it is part of what seems to be and obama white house campaign to indians as soldiers who are trying to explain what happened when bergdahl walked off the base. stuart: what is vladimir putin going to say? what does the leader of china think whhn he sees america represented in this way and getting into this kind of mess? what do the terrorists think about that performance? surely, will they be laughing at us? >> that would be the best we can expect from the president through all the top advisers, weakness, lack of experience in the world, lack of seriousness is the only way to describe it.
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from the perspective of our adversaries they can use the next 2-1/2 years to take advantage, that is what is going on. if you look at the playing out of ukraine crisis for example vladimir putin was in a deep hole when the government was overthrown in ukraine, he is basically back to where he was before because of the leadership on the western lines. the release of five prisoners from guantanamo bay if the prison guards at guantanamo let these guys walked out they would be court-martialed for incompetence but that is what the president did, he gave away five killers and essentially got bergdahl back in return. is not a good trade. stuart: we are a financial program. we follow people's money. don't know what will happen to people's money. down the road do you think our foreign policy are we going to be pushed in foreign policy to the point where our finances, our money is affected?
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>> absolutely. stability in the world is minimal but what stability there is allows international trade, travel communication, since world war ii, has depended on the strength of the united states and its system alliances, obama in five years has gone for the unraveling that, when you reduce stability in the world you reduce economic transactions and economic growth. the risks are very high. stuart: there's a risk the president will turn around and dare i say it? do something rash because he is under such pressure, that too is a danger. >> i don't think the president appreciates the depth of feeling generated by this bergdahl scandal. he is in europe and remove from it. i see in every way the pressure on him growing, his allies in congress, the media are deserting him, press conference
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a few moments ago in brussels show he is doubling down, when he realizes how bad this is for him politically and that is what his calculus is always about the risk of him doing something to recoup his political losses is grave indeed. stuart: thanks as always for joining us. i want to show you the big board because we are getting close to 16,800, 16792, that is a new intra-day high as we say. and no point ever has the dow been at that level before. and double marijuana should be regulated, turns out you vote your disagree with me. your take on edible marijuana and regulation coming up next. we are taking your views from facebook. ♪
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that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. stuart: 40% of pot consumed in colorado is edible and that is where regulation in my opinion is most needed. how about a warning label that makes it clear this is no
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ordinary candy bar? and inspection regime makes sure t h c is spread evenly through the product. will it be out of the question to have pot dispensers on dosage? that was part of my take on why i believe edible marijuana could be regulated. we discussed this with judge edward judge ----judge and dermott, for -- andrew napolitano. judge napolitano: they were about chocolate? it is her fault. who would not know it is laced with marijuana? stuart: explanation required. he was referring to a column by maureen dowd who had gone to colorado, 8 hole candy bar, got a nasty reaction. that is what he was referring to. doesn't want any regulation of edible marijuana at all. we ask you, what do you think? do you think we should regulate the edible stuff? many of you agree with the judge, not me. joshua says there is no need, no
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one has ever been harmed by it and you cannot overdose. mike and there should be no regulation on weed. don't we have enough government in our lives? some of you did take my side, kilby pleaded this, marijuana needs some regulation but be careful. overstaxation and regulation will recreate criminal markets. thanks for your comments, keep them coming, short and to the point. next cases might be the best free ad for go pro yet, a biker in south africa out for a ride, a group of thugs armed, run out of the woods, put a gun in his face, they steal his bike, steal his cellphone, his car keys, sunglasses or take his wrote -- go pro camera which was filming the whole thing, out with the guns.
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a big mistake, those three men have been arrested. prosecutors used the video as evidence, that is a clear shot of a guy. charles: the top-10 dumbest criminals, these guys are in there running. this guy has a big pain on his head that looks weird. stuart: super bowl l comes up in two years. for the first time since 71 it will not use roman numerals. quick quiz. charles: it is and l and that is a loser or whatever. last thing to do with an l. roman numerals. stuart: very good. stock alert. ebay's chief says bitcoin is the
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future of online payments. that is a stain and no response from ebay's stock, we will get you a bit coin quote shortly. microsoft, i do own it, it was a nice upgrade, we are doing very well, 4063, up $0.30. president obama's war on coal kills thousand jobs and costs billions of dollars and people who depend on the industry are not happy about this. we go straight to the source after this.
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♪ the two all right. this morning general motors ceo held a press conference. the recall of vehicles that were linked to 13 deaths. >> this is not a fair reflection of the company as a whole. i know it and i know you know it to. we are better than this. we have to on this problem and have the courage to deal with it in the correct way. stuart: how does her leadership
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compared to, say, president obama's leadership? charles: we had president obama in a similar situation talking about the va a couple weeks ago. it even felt like if it was not up to him, president obama would have kept him on the job. it was not about him being a war hero. it is a failure. with all these scandals, they will give you me a cope of. i think he did an interview with cnn one night. all of these things that have happened, we have never had the president come out and say we have made some huge, gigantic mistakes. you know, actions were not taken. an inability to address all of these things. there was no demonstration.
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people held accountable. stuart: charles, thank you. our next guest says the president new epa rules will kill the coal industry in ohio. joining us from columbus, congressman johnson. if these world take effect, the price of electricity will go up. can you give us any idea what you expect the price rise to be in ohio eschenbach. >> 48 states in addition to the great state of ojai will use coal to generate their electricity. that does not even account for e hundreds of thousands of jobs that are dependent on the coal industry.
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stuart: ohio is a manufacturing state. >> absolutely. stuart: manufacturing requires a lot of juice. give me an estimate, speculate, if you have to. how much will the price of juice go up? >> i am not on the inside of the calculations. you just hit the nail on the head. energy is the most dominant, the most predominate factor. we have had an aluminum plant here in al hayat that has shut down because of skyrocketing energy costs you'd very cold, poor vortex winter. we were so perilously close to rolling blackouts where homes would be rationed energy in order to provide the heating for their homes. this is not the way to go.
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you cannot run manufacturing off of wind and solar. stuart: i do not think that you can reverse these decisions either. something that vice president joe biden said about jobs. roll it, please. >> no one got left behind. we did not guarantee that every new job would be a high-paying job. stuart: i want to repeat that. we did not guarantee that every new job would be a high-paying job. >> stuart, the jobs that are being created are by and large part-time jobs. they are lower paying jobs. it is creating a new normal. the income for most americans is decreasing. they have less money at their disposal. less money to run their
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businesses on. this is not the right way to run the largest economy on the planet. the country that is supposed to be the leader. america created this idea. that is what we should be focused on. not these job killing policies from the obama administration. stuart: hank you for joining us. see you again soon. >> thank you. stuart: getting awfully close to 16,800. never been there before. drones with high definition cameras attached to them. they are revolutionizing the film industry. we have the company that produces videos like this after the break. ♪ >> a nightmare. every person's plan --
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corporate layoffs rising in may. employers announced plans to lay off almost 53,000 people last month. that is the highest level in more than a year. sprint and t-mobile have agreed on the broad outlines of a potential merger. if values the deal at about $32 billion. they need the approval of the federal communications and justice department. ♪ [ 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.
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baby boomers adding about 2 million. look what millennial's gained. 110,000 jobs. in six years. why? they know that they have to fund their golden years. it is pretty unbelievable. this is troubling. stuart: that is a massive discrepancy. i believe they make bags. charles thing that they are ugly. >> i do not think that they are ugly. i think that they are nice. a little little house on the prairie -ish. is that a good example? stuart: i do not care about this. little house on the prairie -ish
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nicole: can we talk about the business of their of bradley? let's talk about what we are seeing with this company. they are not seeing the sales. the customer traffic is the pits. the management is not going well. okay. what is this? a special case. it is not ugly. thank you. here is the ceo. the environment was even more challenging than they anticipated. they are working on marketing initiatives. stuart: this is what happens when charles payne does not like the bags. i have to move on, before i get sued.
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that rule change could be very good for the film business. it is a whole lot cheaper than using a helicopter to get those great aerial costs. they use drones to make these kinds of ads and commercials. welcome to the program. teasing your appearance, we ran some videos of snowcapped mountains. i heard what i thought was a chopper sound in the background. you made this video. here it is. you made this with a drone? >> i do not have a feed to the video that you are talking about. stuart: it is non-union.
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very cheap to do it like this. >> it depends. depends on the final use of the product. it can be much more cost effective and a full-size helicopter. much safer, quite frankly. stuart: how sophisticated are the drones that you are using. it looks like an unsophisticated drone to me. that cannot cost more than a few thousand dollars. tell me. you can buy a drone off the shelf. you may be able to buy model airplanes or other remote controls for a long time. stuart: how many have you got?
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>> six. stuart: how much would it cost? if i went out and got a helicopter, i think you are looking at tens of thousands of dollars. if i use a camera on a crane looking down, i think that is a few thousand dollars as well. you are very cost effective, aren't you. stuart: to you have a union problem, though? they do not like you running video that is non-union created in a commercial. >> it is a whole separate issue. they allow special exemptions for people. we have been able to fall into
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that category. we have also been able to do a lot of nonunion work. stuart: i really think that you are the way of the future. thank you for being with us, sir. appreciate it. >> thank you. make sure you check out instagram and say hello to us. stuart: susan rice says bo bergdahl served with honor and distinction. got that one wrong. nothing congress can do about it. all rise. the judge is next. ♪ [ indistinct shouting ]
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stuart: the dow is up nicely. charles says he will make us some money. charles: they make tools. they are making money. what i love is the action. it was down at the open. the bio techs were one of the ones that got hit months ago. i just absolutely love this company. stuart: susan rice says sergeant bowe bergdahl served in afghanistan with honor and
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distinction. judge napolitano is here. what requires credibility? >> it is almost inconceivable that the political wing at the white house would have such a political year that it would send around to the sunday talk shows a person that was either the administrations willing dupe or most practiced liar. look, he will be charged with something. he is entitled to a trial. the evidence against him, so far, is utterly disturbing. stuart: nobody is fired in this administration. no one is reprimanded. all of these policy decisions, i put it to you, judge, you cannot
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reverse it. >> she cannot be impeached because she was not confirmed by the senate. she is just one of his assistants. the moral equivalent of someone he hires to get him through the day. stuart: she said it was all about the video. she is now -- >> she was the united states ambassador of the un which did requires senate confirmation. she is a meme from impeachment. she cannot be impeached by the house or the senate. we are stuck with his positions.
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stuart: if the republican senate repealed obamacare, it doesn't matter. we will override that veto. it will not happen. what a mistake you guys made. >> 288 years ago we succeeded from great britain. great joy. the king would have liked to have hung washington. [laughter] stuart: are you ready? new at noon. vladimir putin. wait until you hear what he said. plus, netflix names names. blaming cable companies for slow service. you agree with netflix. the next hour is coming right
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♪ stuart: what is going on? the stock market showing real signs of life today. that europeans are printing money again. just wait into you see the latest polls. ♪ stuart: headlines in europe. you have to pay the banks to take your money. they are printing euros. president obama's approval rating sinks. voters do not like his handling of the economy. john stossel is going to be here. there is a lot of nonsense. what is his problem with godzilla, you may ask. he is on his way.
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millennial jason matera is here. posted says do not argue with women. what does she have to say? let's get straight to it. we have a nice rally. stocks powering ahead.% thanks in part to what is going on in europe. more on that in a second. 1938. straight up today. check the yield on the 10 year treasury. 2.58%. actually going down a little bit today. let me deal with the european situation. you have to pay the banks to take your money. i give 100 euros to a bank and they only give me 99 euros back.
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what do you make of all of this? >> all of this is is more money printing. all this is is a trap. they have no choice. they have to keep interest rates artificially low. japan, europe, the united states, what is the likelihood that these government ons will ever be paid off? stuart: look at what is happening here. the market goes straight up. >> is and that inflation? we are insulating asset prices. yes, we will be told time and again that there is an insulation. inflation is completely under control. stuart: okay. thank you. look at this. really, really bad poll numbers
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from president obama. only 40% approve of his job performance. the obamacare administration has made the company weaker. we are a financial program. 58% is approved. tomorrow, we get the jobs number for the month of may. just listen to what joe biden had to say. >> no one got left behind. he did not guarantee that every new job would be a high-paying job. >> we never guaranteed that the new paying jobs would be high-paying jobs. >> i will shock you right now. to some of your watchers, this will borderline on offensive.
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why is this not translating to the polls? why is this not translating to my victories? as long as the republicans have this voice that is so far wrong on social issues, issues like gay marriage, things like that, the idea is that you have a small government. if the republicans continue down this track, even though the economy does not look that great, even though these jobs are low-paying jobs, etc., etc. among they will lose. no one will take them seriously as long as they appear to be on the verge of social issues. stuart: that is fascinating. i am shocked. i was not expecting that answer. we will get you to new york and he will sit on the set with me. we may get in amazon smart phone
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later this month or a hand to that effect. i think the stock is up, the call. nicole: the launch event in seattle from amazon. rumor has it, there has been youtube, twitter, they aren't leaking out something that everyone is waiting for. it could be a 3d display on some sort of march phone device. we will see. we know that amazon has gotten into hardware. we asked around here. never leaving apple. another said you would have to be crazy big to convince me to come over to amazon. we will see.
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stuart: thank you. look at the big word please. this is a broad-based rally. we are up 102. all right. let's listen to what vladimir putin said to a reporter that asked about a possibility of a hillary clinton presidency. i am quoting directly. it is better not to argue with women. crystal wright joins us now. i have to ask you, what do you think? a conservative black chick. what do you think about that statement? >> that is something my father knows never to do with my mother. people have tried to argue with me. it does not always go over too well. women are great mental minds. we have strong documents. not good to argue with us. i think hooton has taken it a
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step further. stuart: i am changing subjects. >> putin was saying that she is weak because she has accomplished nothing in respect to foreign policy. she will launch what is probably a presidential campaign in 2016. stuart: you have turned a sexist statement by putin into what you think is an objective statement about hillary clinton being the president of the united states of america. very clever. i will never argue with you. obamacare. about 2 million obamacare enrollees. there were discrepancies in what they said in their application for subsidies. a half-million had discrepancies on -- what do you make of this? >> the whole lot is a mess.
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look, what is really troubling is a lot of these people that may be getting subsidies may not qualify for them.rs really goino verify the individual mandates that people are actually caring insurance as mandated by the law? will they target conservatives on that one, too, stuart? this thing, obviously, needs to be repealed. i do not know that it even needs to be replaced. just repealed first. stuart: let's say you get a republican sweep this november. even if that happens and you pass a full repeal bill, it will not work. it is not going to happen. >> right. we still need to keep focus on it.
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we need to look for 2016 and putting up a candidate to your point that can win the white house. i am not so sure we have done that. stuart: who is your candidate? >> i think it is still yet to be revealed. senator brand paul offers some great new vision for the party. i think right now he is the candidate that is bringing together the different coalitions. i am not saying he is the one, he is changing the game, though. stuart: i will not argue with you. >> be careful. [laughter] stuart: oh, i always am. as if cable companies do not have enough headaches. netflix tells a customer that the rise in network is crowded right now. netflix is blaming the carriers. that is exactly what they are doing. they are publicly laming the
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carriers. here is steve back. all right, steve, welcome back to the program. >> night to see you, stuart. the at&t's and verizon's of this world, they have a real problem here. you have a problem. we will make it worse. >> let's give them credit where credit is due. today, on your program, we are releasing a study. that study surveys around 3000 real customers of the cable companies. the findings are troubling. you and i have talked about this. the findings in the cable space, that we are launching today, are the highest levels of customer frustration we have ever seen. stuart: dissatisfaction.
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>> dissatisfaction. stuart: editorial. they take advantage of you. >> 72%. they are getting too big. limiting choices is not that for me as a consumer. stuart: 72% say cable companies become worse off. >> 69% think there is too little competition and that lack of competition is hitting them in the pocketbook. 63% saying if i could leave today, if i could switch, i would. stuart: there is nothing you can do about it here and. >> that is why they have been getting away with the bad levels of service. the high prices. stuart: i would question that. >> comparatively. the customer saying at the end of the day, you know, take the
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pricing side and put it out as a normal frustration. comcast. how they deal with you as a customer. in their ability to get those problems resolved. spike. my problems do not get resolved. stuart: you hate the cable guy. >> well, you know, at the end of the day, these frustrations are real. at some point, you have to take care of your customer. at some point. [laughter] >> but, you know, one of the unique inns about the study is you can put a financial value on the risk. people saying that is it. i am done. i will only get internet access from you or whoever the best provider is. the other 5 million is to switching. movement between carriers,
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obviously. that is not easy, no. we saw rates more than double in that category back then. stuart: interesting. thank you very much for joining us. we appreciate it. john stossel. he is next. he is taking an issue with hollywood. >> man is destroying the earth. apparently, i exploited this one who works at fox. apparently, video games cause murders. >> i think the deal games is a bigger problem than guns. ♪ stick with innovation.
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stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now. philips sonicare ♪ stuart: all right you twitter in talks to buy sound cloud did it is up nearly 5%. the market likes that one. em fundamentally fail to meet customer needs firing 15 people. the stock at dirty 649. a new study published in the
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journal of social psychology and personal science going up. nobody cares if you work extra hard. with, i am not sure i find that to be a credible source. liz: it comes from the university of chicago and san diego. two guys did the study. what is the reward for doing more work? more work? if you work hard and nobody cares about what is the point of working hard? you will not get the attention. you just come off as a martyr. stuart: i do not believe this study. we had three millennial's. youngsters that work for "varney & company." here they are. we put them on the set. they work hard and they try hard.
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it is a terrific generation of people. liz: i am with you on that. i think hard work is appreciated here at. stuart: thank you. another stupid study, my personal opinion. very popular nonsense. the theme that we are about to discuss. taking on hollywood liberals. people think video games cause violence. watch this the map call of duty. a terrorist. manhunt shows you how to strangle people and break their necks. the best seller grand theft auto invites you to be the bad guy. stuart: so, john, who is with us now, john stossel, it is
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nonsense to sit just that that kind of violent video games creates more violence. >> it is practical and logical. you see the horrible style that they do. the army uses it to help people learn how to kill. these mass shootings. videogame sales have gone sharply up. there are no more mass shootings , they're just used to be more coverage. stuart: jolyn kent was an intern. >> internship is basically gone now. the government says, and some young people say we were
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exploited. i did not know when i volunteered to work for nothing as a student that i would not be paid or that i would have to work that long. why did they not quit? it is now illegal. it has been illegal for a long time. stuart: you work for free. you get your foot in the door. >> charlie rose just paid a quarter mill to settle a lawsuit. i built my careers on internships. the kids learn. i am pay my college dirty thousand dollars -- $30,000 i learned more during the internship. stuart: i had to work for free
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for three months to show i could do it. i was on television. first time ever. i worked for 34th remount. >> someone argued that you were privileged. the people that of four to work for free. you cannot help people by taking opportunities away. stuart: you don't. you really don't. i am with you. where and when it can be seen. >> 9:00 o'clock on the fox business network. stuart: popular nonsense is the title. john, thank you very much indeed. my take on the obama administration and why it is amateur hour. that is next. ♪ you will always he a part of me ♪ ♪ i am part of you definitely ♪ boy, don't you know you'll always be my baby ♪ ♪ and will wrangle on
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stuart: it is not triple digits but is a solid rally up 97, 16835. a big move for caterpillar, the best winner on the dow off 30, it is up 2%. that helps the dow overall. leave it to a teenager to ask nancy pelosi a tough question. was a confrontation about the nsa, you will see and hear it coming up. do you know who wrote the bill of rights? chuck schumer, senator schumer don't google, we have the answer and a second. perception is very important. how your friends and enemies look at you makes the difference. what a shame america is perceived as weak, indecisive, a confused and incompetent. here is my take on amateur hour. that is what it is. particularly embarrassing with statements issued about a swap of sergeant bergdahl for five high end terrorists.
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national security advisor susan rice says bergdahl served with honor and distinction. no he did not and she knew it. later she said he had been near-death a few hours later she said he could walk. deegan what if he was released. watching the state department's murray are trying to explain this was in the embarrassing. what do you think vladimir putin thinks of this or china's leader or the terrorists or the iranian mullahss? joe biden says we never promised high-paying jobs. what is middle america to make of that? the endless gross failures are veterans dying on note waiting line while get the terrorists get lavish health care. the scandals, the scandals, they keep on coming, the incompetence is always being revealed and our reputation went through the floor. there is no sign the president will reverse this slide.
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he never cleans house. miss rice was promoted after she deceived us over benghazi. now she is the national security adviser. there is a reaction on the part of the public. voters can see what is going on in the world and they can see our weak response and voters can feel what is happening to our economy, they can feel the effects of failed policies. it is indeed amateur hour. unfortunately it will be amateur hour for another 2-1/2 years.
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stuart: google glass users watch out. the new device can detect if you're head set is trying to log onto a wi-fi connection and. you off line. i simply don't understand that. >> there is privacy concerns with people wearing google lastly define around the lead have glass on how do you know i am not taking pictures of you or recording with your doing or a time in a movie theater and on not taking the movie? so many privacy concerns and finally, there is a new program they are working on, a google glass detector -- stuart: you mean to say if someone is walking down the street with google glass, i have
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to have a device that disarms google glass? >> this is what happens. if they are walking into a wi-fi hot spot and you are the owner of the wi-fi hot spot, somehow you get a notification that a glass devices cooking the to your wi-fi and you can shut the mauve and booed the mouth and have your privacy. stuart: that is it, so i retain my privacy, i think i understand. i think i got this one. google stock is up 10 bucks. leave it to a teenager to ask the tough question of nancy pelosi. here is the question. >> the burden is on the department and the community for years, that they have put out there. >> you voted for a bill to continue funding for the nsa? >> of course. i don't think we should not fund the national security agency.
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stuart: pressing question. our next guest puts big-name politicians in a tight corner. jason, essentially that teenager put three four in the shot, asking questions about nancy pelosi to nancy pelosi about nsa and spying. they were very much youngsters not happy with spying by the nsa and i think they got nancy pelosi in a corner there. >> and she babbled on incoherently as she usually does and she even blamed president bush if you can believe that but this is the sad state of the media today, that you have kids barely over puberty asking tougher questions than the average reporter on capitol hill. it just goes to show you it is pathetic they would ask the question that is tucker. stuart: i agree 100%.
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nancy pelosi doesn't usually sit down for an interview with any reporter him may be in any way, shape or form hostile. those teenagers are in the quarter as she was walking away from the event just like you did with a couple of politicians. >> they are teenagers, good for them for taking initiative. if nancy pelosi can't answer a question articulately coming from someone under the age of 18. it goes to show you not only the state of the media but a politician today and if nancy pelosi won't sit down with another reporter and the reporters afraid to ask a tough question shame on their reported because it is not always about accessibility but holding politicians accountable. that is why you came to washington d.c. in the first place. stuart: another issue. i am not baby boomer and i think you are a millennial. appears from the figures that we baby boomers are the ones who
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have been taking all the new jobs created in this so-called recovery and you millennials don't have a very big piece of a pie, not many of you are getting new jobs. what do you say to that? >> we are graduating with record student debt, we don't have as much experience as the baby boomer is so millennials have a tougher time cracking in to the job market and put it another way. with all this pressure politicians are putting on business owners to raise the minimum wage if you are a business owner and you are stuck in seattle with paying $15 minimum wage for employees who are you going to choose? young person right out of college with their connell: experience or someone who has had 20 or 30 years experience and is looking to bring in some extra income? it is a no-brainer which you choose if you are a business owner. stuart: how about this one? one in three millennials lives
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at home with mom and dad. what is your take? >> thinking what to say. i do not feel bad for millennials one bit when it comes to this. you get what you vote for. they voted overwhelmingly for barack obama twice and guess what, now you have to deal with consequences. those consequences are more abundant economy forcing you to live like you are a teenager even though you are an adult. you want to get out of mom and dad's house and what the better paying job and be able to find a wife or husband one day and start to raise a family in your own home, stopped supporting stated politicians who despise capitalism. it will work against your interests. stuart: we love you, baby. thanks very much. vice president joe biden says the white house left no one behind in the economy. we will discuss that in a moment.
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wartime, to create its 1944 condition. amazon is using a youtube and video for june 18th launch event which will be hosted by jeff bezos. the video features people looking fascinated by something just off camera. many speculate the internet retailer will unveil the new 3d smart phone in the wake of its recent launch of its streaming box. in europe you have to pay the banks to take your money. is that going to affect anything here? the real halftime report is next. [ male announcer ] what if a small company
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♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. stuart: thursday, time for the real halftime report with nicole petallides at the exchange, liz macdonald year and david nelson, well point chief strategist. i know him from some place else. night rally today. we can thank the europeans of all people for that. when do we hit 17,000? >> looks like next week at this point. we are at 16-8, we could hit it next week. stuart: i am saying it is because the europeans are printing up a storm, printing money big time. you say that is part of the
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reason? >> it is part of it but i don't think it was any surprise in the announcement but it is a historic day. five years ago would anybody at this table have fought we would have a negative positive rate? i know i didn't. liz: really bullish report raising forecasts for the s&p by next year expecting 2100 handle on the s&p which is trading at 1985. stuart: that will help. i know you from some place else. >> i am a former turtle for a lot of years. you saw me in your home town. stuart: here is what else we have got for you today. netflix points the finger at at&t and verizon and says if you guys, you cable people, you who is responsible for these slow streaming speeds. liz: netflix raising the ante in
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a growing nasty fight between netflix and companies like comcast and verizon, naming verizon to users, verizon and cable providers if speeds are slow. this is the big deal, the comcast time-warner merger. a lot of ambient fear is that netflix and that crowd will have to pay more to get content delivered faster, more fees to cable companies, cable companies strenuously denying that. stuart: barnes and noble will develop a tablet. what about the milk? >> it seemsthat is out. the samsung tablet is in. you know it was a money-losing business for barnes and noble. everyone is talking about this and you see stock up 3.5% working with samsung for this tablet, trying to revive their business. samsung galaxy 4 nook tablets
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expect to be launched at seven inches, available in all the barnes and noble stores and have a collection of all the books. when you get to 17,000, we are going to have a sharpie, emergency, down 17,000, what we going to do? stuart: you can sell it on ebay sunday. serious stuff, vice president joe biden says the obama team didn't guarantee all jobs created would be high-paying jobs. what do you say? liz: the midterm elections, we have a minimum wage fight and really low-paying jobs pouring into the u.s. economy. the vice president is trying to get in front of that as median household income has plunged around 7% since 2008. stuart: what do you have to say? joe biden and and a side says we never promised they would be high-paying jobs. >> not surprising from joe biden
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but if you ask the average american they are pretty upset about this, we have low-paying jobs in this country and it is a particular dynamic that big muscle jobs are cheap and that is not here and for americans i am on my third career. if i didn't have a job i would be in a bus to idaho looking for a job in a more friendly environment so i am not surprised he put his foot in his mouth. he has done it before. stuart: i want to press home the accuracy. it is through to state that a large majority, more than half of all the jobs created since we went into this recovery have been low paying jobs. i think i am accurate on that one. dave: you are right. stuart: anything about that? >> and a lot of part-time jobs coming in to the u.s. economy and this has not been the immaculate recovery joe biden started touting in summer of 2010. it has not been that
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cinematically picture-perfect despite what the white house has been saying. stuart: a big jobs report tomorrow. within that report the unemployment rrte is -- more importantly the number of new jobs created. that is the subject of all the speculation. to you first what is your number on the number of new jobs created? >> i will go with 215 because when you talk to traders on wall street they take all the grain of salt. everything gets revised. last month was unbelievable with the amount of jobs added. hard to believe. i want to see 205. stuart: 215. what is your number? dave: i will come in at 200. i don't think we are out of the weather issue but more important for me is i would like to see it get better. the unemployment rate i don't think anyone is looking at that because it is going down for the wrong reasons. stuart: your number? liz: it is more like 205.
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i am splitting the difference right here. stuart: i have got to say 205, 225, that is not a great number. dave: you need 150 more than that. of the one you need more to the say this is a robust recovery. we got to have 350 in my opinion. >> we have been any economies like that before. stuart: i am old enough to remember one month in the early days of the reagan administration when 1 million new jobs were created in one month and that was with the work force tens of millions smaller than the one we have got now. dave: a long time before we see that. liz: guess which month a year that was. stuart: i can remember that. about 83 i think. >> pretty unbelievable. stuart: before you were born. liz: i don't know if we will never see that ever again. stuart: yes we will.
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if we unleash the dynamism of american capitalism and private enterprise you have no imagination we will get. >> there's light at the end of the tunnel as long as the government does not keep adding more tunnel. dave: energy independence. if we don't screw up, and we might possibly do that, we could possibly reach that in the next decade. stuart: i want you back on this program, the real halftime report any time we can get you. >> i will be the hat when we cross 500,000 jobs. stuart: it is a deal. thanks, everybody, the halftime report, see you again soon. after the breakup pop quiz for senator charles schumer. who wrote the bill of rights? (mother vo) when i was pregnant
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journalists judith miller and the president's release of those terrorists for sergeant bergdahl at 7:00 p.m. eastern, please join us. stuart: before the break we asked who wrote the bill of rights. here is what senator chuck schumer answered, thomas jefferson. wrong, sorry. you are wrong. before i give the answer to everybody you tell me who wrote the bill of rights. >> jefferson wrote the declaration of independence, james madison was the bill of rights and he wasn't alone. >> george mason. stuart: you got a computer. >> i news this. one of the few jefferies. i am a huge fan of george mason. it is george mason along with james madison. george mason drove it. stuart: next time i asked a question, close the computer,
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drum roll please. george mason. you read very well. >> wasn't looking up on the computer. >> might have checked it with what she was googleing. stuart: some really interesting, another edition, amazing videos from go pro. a cyclist, south africa is out for a ride. they have guns drawn, and they take the bike. that is a mistake. what those guys will come really clearly into focus. you can see him. clearly, there he is. they are close to the camera. they have been arrested and they will use that video to prosecute them. that is one of the best free ads we have seen yet for go pro.
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your comment on that? >> where exactly was the go pro? taking the go pro they didn't know what it was. stuart: it is all strapped on. that is how it worked. going public they get countless hours of free publicity on youtube. >> advertising here? i have a couple things i am doing with a go pro that you will be seeing soon right there. it is the tees. i don't even know if you know. stuart: i don't, i am in the dark like everybody else. your take is next.
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leaders because the taliban threatened to kill bergdahl if the swap meet. liz: the concerns not just about the -- is safety was at risk. stuart: congress was not told. people objected to that saying the president should, is required by law to tell congress about this kind of thing. now congress officials are saying they weren't told because if they had been told bergdahl would have been killed. that is an excuse to some degree. liz: that is going to be subject to question as well. the fact that his safety might have been at risk, still circumvent congress, that is going to be the top issue. you still negotiate with terrorists, security officials as well. stuart: it will be debated. thanks very much, and now here is dierdre bolden. dierdre: for the first time ever, a major central bank cut
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interest rates forcing european banks, and orange is the new black. netflix, netflix or verizon, and for ali baba execs. prepares with a wealth windfall with strong advice from its founder. the pc d ones banks to lend and spend so much it is penalizing banks to hold reserves. for the first time ever interest rates on deposits are negative with more on what this means for investing in alternative assets. the president of wilshire funds management has $1 trillion in assets. jason schwartz is with me now. the pc looks desperate to create growth. is that your take? >> exactly right. what happened is they are compared with inflation running now and forcing banks t
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