tv Varney Company FOX Business June 9, 2014 11:00am-1:01pm EDT
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morning, everyone. it is a whole new world. uber now valued about the same as twitter. disrupting transportation. half the country is paying for stream. clearly disrupting. at&t makes three nfl games for smart phones for no extra charge. that is a whole new world. how about dow 17,000. that is new, two. some things never change. president obama will by the student vote with your money. "varney & company" about to begin. ♪
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stuart: it is monday morning and you are going to like this. fifty-two points away from 17,000. we have never been there before. it has crossed. 1950. that is the s&p 500. then we have apple. as of today, the stock splits. it has moved up. nine to 62. microsoft. now priced at $400. the company announced a new game at the conference this morning. however, sony's ps2 or continues to outsell the xbox. microsoft down, sony up. a little. then we have tyson. it has one the battle for hillshire bands. look at hillshire.
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eight billion-dollar takeover bid. men have almost 700,000 fewer jobs than we did in december of 2007 when the recession began. art laffer joins us now. i thought it was supposed to be a war on women. >> when you say some things never change -- [laughter] >> that is right. seven men hold 700,000 fewer jobs. why is that? what is going on. >> there is no recovery going on. the only thing that is doing that is population growth. what you have seen over a very long track of time is women's
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share of the labor force has been increasing. their growth rate is a little higher than men's. i think that that is all you are really observing. >> i think we are now back in terms of overall jobs. we do not have the same high-paying jobs. >> we also have a much larger population than we did then. employment is a share of the population, stuart. it is still at that same exact level. it is just the population growth generating those new jobs. not on the level of the economy. we are in just as bad shape as we were in 2007, 2008, 2009. stuart: the dow jones industrial average is close to 17,000 this morning. new record highs all last week.
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why is that happening when you have an economy that is not moving? >> stock market do not reflect what has been. they reflect what will be. the closer we get to the reality and the less they are of major disruptions of that reality, the higher that market will go. i think they are letting the republicans take over the senate this year. then you will see a lot of political pressure put on the white house. you will see a lot of good policies. we got all of those. before reagan came in and sealed the deal. i think we are in that same type of circumstance. i am very optimistic about the outlook. stuart: on that note, hold still
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for a second. morgan gives. more gifts from the white house. the president will issue an executive order today that will help ease student loan debts. 5 million expected to sign up for this. i have to conclude that this will help the economy. the level of student debt hurts the economy. with that couple little bit and don't you give the economy a lift? >> no, you don't. the real problem with college student loan debt is the number of jobs these people are able to get after getting out of college. they do not have the income they need to be able to justify the loan they took out going to school. a lot of people going to college never do work.
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the people who do work, that number has been dropping. the underlining ability to finance those loans has been disappearing because of president obama's policy. if you want to really help the student is have a low rate flat tax. create economic growth so that these people have the incomes to income to be able to pay off their debt. stuart: art laffer, do not hold your breath. just do not do that. >> okay. thank you very much, stuart. the car service taxi app, uber. a valuation now owns more than $18 billion. making it one of the most valuable private companies in the world. we have been debating this one. how do you define cooper as a
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company? a technology company? a transportation company? what is it? >> good question. basically, it is a technology company. a way for writers to connect with drivers. you have to cut off the middleman with this technology that they developed. a lot of our viewers have not used uber. probably not even heard of it, some of them. uber is valued at 18.2 billion. almost the same as twitter. you go ahead. tell us how you use it. >> everyone has a smart phone these days. even my mom has an iphone.
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she can open up the app and looked down at her phone and select what kind of taxes or black cars are within her vicinity and she could quickly type in her address. she can click request and a taxi will come right to her and pick her up. >> that is it. there is an expansion here. it is called uber x. at a lower rate than a taxi and also used the use the same app system to pick up riders. it is a lot cheaper. that is one thing that they are fighting in different cities. stuart: that is fascinating. stay with us please. a great introduction to uber. i have another obstacle. this time for lift. very similar to uber.
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and pounding impounding lift cars because the drivers are operating at a four higher surface without a for higher license. judge napolitano is here. >> what a coincidence. stuart: we just had an explanation of how they work. along come the authorities. >> there are two issues here. one is entrapment. the other is cartel. people that pay a fee to the government to the city of miami. who eventually pays the fee? the people who are paying the
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car service. it is your nearly perfect supply and demand. what are the police doing? two minutes later, another cop in uniform comes by and arrest the driver. a tow truck, and seizes the car and delivers it to a pound owned by the city of miami. they have not paid anything to the city. without getting permission from the city to use its streets. stuart: that it outrageous. stuart: it is basically the government getting involved in
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this competition in miami. between light and uber. i will call them xyz. they are regulated. why should the government be using force? stuart: this is a sharing economy. you want to have a haircut? you have to have a license to provide that service. >> i do not think bill bratton is narrowminded enough to send cops into this. it is an easy mark. and easy way for them to get credit for the arrest. i am sorry to tell you. technically, it is not
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entrapment. when they provide everything else, it is not entrapment. stuart: the uber driver has a higher license. >> they can do it because the public has allowed government. that is wrong. that is outrageous. >> one of the things that comes along to disrupt this. cooper is literally dealing with supply and demand in a classic way. without the heavy hand of
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government. everything will cost less. stuart: a nice way to start the week. >> yes. a wonderful way to start the week. >> transferring from the students dow borrowed the money. stuart: thank you very much, indeed. back to the markets. amazon moving into paypal's turf. >> they are giving out a way for the customer to pay your bills. pay your monthly phone bill. pay for additional music subscriptions. this is one more way that they will be doing this to the service they launched again today. there will be a fee on the transaction. they are trying to figure out a way that you can get in there and pay the bills.
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boosting the portfolio of hepatitis c drugs. of a huge $16. actually 200 dirty percent, as you may expect. the sharing economy, you know, uber e'er be and be. here is a question for you. you put your credit card stuff right out there. john mcafee with us for more on this. it is wildly popular. they have your personal information. is it safe? >> i think the biggest problem with this new sharing economy is that all of the companies have apps that run on your smart phone. they have permissions using the phone and so on. in many cases, they are needed.
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if you will be renting a house from someone for a night or two, you want to know something about each other. there is no question about that. these apps can easily be diverted by people. your information is there and very vulnerable. stuart: it is the same old story, isn't it. you plug deeper and deeper into this world where you are sharing your personal information. there is nothing really that you can do about it. if you want to be sharing like this, you pay the price. >> there are some things that you can do about it. i invested in a crowd funding. a very up and coming company. we do not have an ad that runs on smart phones. however, security is not number
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one for many companies. we live in an age of no privacy. i think we are losing more and more as we switch to this new economy. >> i just do not see any way around it. google claims that they say it makes your gmail e-mail virtually unstoppable. that is quite a claim. what do you make of that claim? >> there is nothing that is unethical. however, people have hacked into this many times. it is certainly a lot better and the most secure system out there, but it is not on hackel both.
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stuart: how about this move to putting ships on credit cards to raise the security level. what do you make of that? >> it has been done in europe and everyone else except for america for years. it has a chip on it. it is certainly much more secure than the bazaar tech week we use here in america. we are like 16 years behind the rest of the world. the nsa is about 15 years ahead in that they know more about american citizens. stuart: how about you? you are an internet security guy. that is what you do. do you feel that you are more private? >> i am as private as i can be.
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the people that schedule it, the people at the studio, it is impossible to maintain complete privacy in this day and age. i use smart phones infrequently. i limit use of credit cards. it is difficult. the average person is monitored by hundreds of companies and they do not know it. they want this for purposes. however, if they can do it, they can do it as well. >> i am just ready for the big hit. the bad guys come on strong. >> it will be this year, i promise you. >> this year? >> they have been leading up to
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it. stuart: leading up to what? >> they have been testing all of their malware. target, for example. neiman marcus. these are test runs. they run beta software. they test it. they fix it. trust me, it is coming this year. stuart: you come back soon, john. john mcafee, everyone. we have lebron james delivering a solid performance in game two. find out what power it is saying about all of this. getting a last laugh over gatorade, by the way. we will deal with that next. ♪ peace of mind is important when you're running a business.
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called the state department it's even hard to watch. the self absorbed women they send it to represent it cannot be more unprofessional trade we certainly need to think about raising the voting age to 25 in order to save our country. all right, thank you for sharing your opinions. keep the comments coming, but it felt like we have lots of grumpy old men writing in. stuart: i know we should not have said and some of you took offense and some of you didn't like it or here's what you had to say. robert says, sometimes you say things that make you look as dumb as obama. try to keep your foot out of your mouth. another viewer tweets, i am one of those grumpy old man and i will be 60 in july. i have a lot more right to complain then you. you only have a couple years on me. i appreciate your comments, keep them coming, please. sure, to the point. take a look the stock prices of family dollar. carl icahn bought a big stake in it and he is the biggest shareholder in
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family dollar and when that news broke up she goes, 14%. what is going on with green mountain? now it's curried 38 run up on friday on speculation would buy an even bigger share treat is coming back down again today, down 6%. i guess that means they will not buy more of it. look crazy video. maybe you have been in an elevator and worried the thing will go straight up and that's what happened to this guy three he's punching all the buttons trying to get it to stop because it's rocketing straight up, 30 floors up in 15 seconds, it stopped when it hits the roof. said to say the man was seriously injured, pretty wild video, but i think a lot of people worry about the thing going straight down to the floor, this was the other way. the heat take game to of the nba finals back to 35 points for lebron james evening
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things out with the spurs in powerade strikes back. the company tweets there is strength in silence, the best response is made on the court. that's in response to gatorade took shots at james on twitter at the cramped up when the ac went out in game one. sports drink contest going on their. motorcycles, bikes, raw power with a twist of a throttle. the roar of the throttle. that is an electric motorcycle. will they sell in america? the guy who makes them says they are selling well already. we will ask him about that in a moment and you will see these bikes. ♪ ♪ ♪ all stations come over to mission a for a final go.
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of 90 to 92 is where we are now. we are showing you this because the huge gain for identix. 233%, merck has made a bid for them. that is a rally. electric car company failed to pay back $139 million in federal loans, went bankrupt and now it's officially owned by the chinese. they paid 149 billion in a bankruptcy auction. that company may begin to sell cars in america and europe later this year. we are also learning that the department energy is restarting the very same program that gave this got all that money. they have $60 billion worth of taxpayer money that will be made available to coach-- companies building electric vehicles. speaking of which, our next guest deals in them, electric motorcycles. there's no more of the engine. can you get the same feeling
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with an electric by? here is scott hardin. he may well try to sell me one of these things. it will be a tough sell. welcome back. good to see you. >> good to see you. stuart: first of all, sales, you have bikes outside and we will see them come how many of these electric bikes have you sold thus far in the zero program? >> i think we are over 3500 units since we started a few years back. it's been really the last two years we have escalated production. it's starting to take off in that fleet sector. it cost anywhere from around 10000 to 16000. stuart: 11000 out the door to 18000 is the accurate? >> yes. stuart: they are all electric? no gas tank? >> 1% electric. stuart: what kind of charge do i get? >> up to 170 miles of range and it's no more complicated charging in your cell phone.
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stuart: so, no special charger? >> no special charger. plug and play. stuart: i used to drive a motorcycle. that was when i was much much younger. i liked the incredible power and the sound of the thing. not going to try to imitate it on the air, but that was a pupil motorcycle. when i get on an electric bike it sound like a mosquito. it's not masculine. >> well, when you write our bikes as you said power and we have that they'd. our bikes are top-of-the-line. 160 pounds of torque. a harley hog doesn't make that much torque. stuart: but they make better noise. >> but that is not why most people write it. they write for the thrill, the experience, the wind in your air. when you have a bike that is as powerful and responsive as ours you get all that. stuart: if you drive a motorcycle you're not
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worried about saving money on gasoline. that's not your first priority. that's not your priority when you buy a bike. >> right and we don't sell it on that basis. we sell it on basis of the experience alone. stuart: we come away, the experience alone, what does that mean? >> why do you right? sense of adventure. stuart: i write because i want to be powerful. i want a large machine under my control if you know what, i mean,. >> beazer full-size motorcycles. they will accelerate and give you zero to 60 in a fraction of a few seconds. they are extremely responsive. you can't come away without being impressed by just the raw power. stuart: how long does the battery last? >> it's a battery and they are good for up to 300,000 miles. the bikes come with a five year warranty on the battery system and we stand behind it completely.
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the rest of the bike will wear out far before the battery. stuart: how many people buy a bike because they are greenies? >> i think there is a small portion of people and it's becoming more of the discussion and people like the fact that they are doing something for the environment, reducing not only the dimensions, but the conjunction on the highway. stuart: the name is zero motorcycles owned by? >> owned by a private equity group out of new york city. stuart: did you see a vespa group? do you make them bikes in america? >> yes in california. stuart: 100%? >> we design, engineer and assemble them in america. the parts are made to our specification all around the world. stuart: do you get a tax break because you are green and electric? >> well, in some states we do and the federal government right now it's tied up and working its way--
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stuart: do i get a tax break if i buy one? >> in some states now. the federal is still working its way through -- stuart: do you get a tax break because you manufacturing health when you? >> no. stuart: you don't? >> no. no support from the federal government. we have a small grant from the california commission to help us, but $60 billion you are talking about a minute ago we are not getting that. it's all based on its own merits. stuart: scott, good luck to you. love the look of the bikes. haven't driven one and i am not likely to it my age. i just want that throttle, that war. >> plug-in your ipod and turn it up to high-volume and turn on steppenwolf and good on the highway in six years of all you want. stuart: good, i will give you that one. thank you so much for joining us. zero motorcycle. the battle of the living room shifting three with all moved on.
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if the battle for mobile about a these days. a creator of popular iphone game tells us why. he's next. >> there's so much ugliness in this world. you are burning books. it you are you racing history. he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure.
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>> amazon is taking on paypal, launching a new service that will let its 240 million users use the credit card details stored in their amazon account to pay for services range from cell phone bills to digital music since christian. amazon will get a salty for each transaction. we will show you shares amazon now. taking the top spot at the weekend box office, the teen drama pulled in $48 million in its first weekend to read it cost to make. beating out tom cruise's latest big-budget blockbuster, edge of tomorrow and norway is making disney's movie frozen. a spokesman says hotel bookings up 37% since the release of the movie last october. what about the developer of one of the hottest games on apple's app store? he's next. ♪
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[ male announcer ] see if your business qualifies. stuart: it seems to be an intern at a tech company, lauren is here to tell us how well it pays to be an internet a tech company. reporter: all i have to say it's science and math, why didn't i study those fields? $7000 to work over the summer. there's a list of companies that pay their interns during we are talking more than $7000 a month. at planet you're, a cyber security firm about the same $7000 a month and not just 6800 for twitter, but linkedin, google they are
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all on this list. it's not just the price, that's real money and the perks, executive chefs, free gym, haircuts on-site. do you know i think they are doing this? because if you are there and you can get the laundry done go to the gym and do everything you would do outside work at work you are working longer hours. stuart: so you bring in very highly talented people and call them interns or you'd you wait you pay them a great deal of money and treat them like royalty and maybe they will come up with some really good ideas. >> they will put in long days and you will eventually hire them pain them $90000 to start. stuart: $7000 a month for an intern for mac i know. stuart: there are some people in our control room-- we have carl icahn that is now the largest shareholder in family dollar. what did that do that a stocks rex. reporter: we are watching family dollar up almost 14%. dollar general is also jumping and there's talk of
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maybe putting the two together. with the stake now revealed almost 9.4% for carl icahn and he may push forward for strategic alternatives for family dollar and we are seeing the two jumping. in the meantime, the firm will not allow more than 10% stake. don't forget, jeffries upgraded this group to buy ratings. we are seen big moves on them today. stuart: next case, it's not just television moving out of the living room and going onto mobile devices. gamers are going mobile also. they are moving away from the traditional game consoles to get the game effects. here is ryan payton the cofounder of camouflage, the game studio behind one of the hottest video game series on apple's app store. welcome. i take it you are all mobile all the time is that right? >> well, it my day job yes.
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at night i'm like the rest of the hard-core gamers. stuart: that's unusual, is that? i thought the market with moving away from buying the big game in the console. i thought it was all moving to you guys a mobile. >> on the one hand we are really excited because we are apples free app of the week which i millions of downloads, which is exciting for us and we are number two download game on all ipads around the world right now. so beating others is a huge honor, but i'm also a hard-core gamer and it's a huge push to try to get these gamers to move away from their consul treat i don't know if you know this, but this is like christmas morning for hard-core gamers because there's a big convention la with microsoft and sony and nintendo tomorrow showing up there big christmas plans. it's a big best for guys like us. there's only about 33 million really hard-core guys that go out by the 60-dollar game.
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that's the best number of sales you could do like grand theft auto. stuart: i thank you have statistics that state small portion of the gaming population , which is actually prepared to pay big money for the gaming console games. it's a small portion of the market. >> exactly. i come from a background of the good old days where you go to best buy or walmart and pay $60 and a 500 our gaming machine to play it, but the cool thing about mobile and tablets is around the world we can touch some any more people who didn't grow up plain consul games that have these kind of trojan horse gaming devices in a pocket that can run really high-quality games like our game i would like it. meanwhile, most of them are playing either on facebook or doing really low by step plane candy crash when that is the kind of stuff where the real money seems to be these days. stuart: can you give me a headline from this e3 conference, the gamers conference starting today? what stand that it you that we are going to see?
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>> it's kind of like a holyfield versus-have think. it's microsoft and sony battling it out and for hard-core gamers it's excited because there's money to be made treat a big competitor of ours is a game called watchdog came out two weeks ago and in a matter of one day they sold 4 million units at $60. that's over hundreds of millions of dollars in revenue in a matter 48 hours. consul gaming can still bringing a lot of money, but i think for guys like us who don't have $20,300,000,000 lying around to develop a game like watchdog. for a fraction of that money we have high quality developers, supertalented guys in seattle making this game and we don't have to go through microsoft and we don't have to go through sony or nintendo and apple just lets anyone upload anything on the app store, so you have a lot of bad low-quality stuff, but you also super high quality staff. we are not trying to take away the market but we are trying to give them an alternative.
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stuart: you are just trying to give them a run for your money-- their money. right in payton, thank you for joining us. come again soon. >> thank you. stuart: here's a headline, nearly half of everyone in the country subscribes, pays for, some sort of streaming service, it might be netflix, who will, amazon in the future is in streaming. cut that cord.
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i have a lifetime of experience. so i know how important that is. stuart: we stayed all the time, streaming is king and here's proof. a new study finds nearly half of all households subscribe to that place, amazon prime, any combination. live, the cable company -- streaming is king. >> this has been the trend that has taken hold and here's the thing can netflix make serious inroads rex yes, they can still, we have a top cable industry lobbyist running the federal communications commission so long as the cable guy runs the show in dc you have to wonder how much netflix can pushback on this. stuart: here's one we saw coming at&t announced they will buy directv. they want to make directv nfl sunday ticketeice
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suers.il watch anything anywhere. >> you are seen to things here, personnel it's all about sports and mobile. right now directv and the nfl are negotiating contracts. at&t can get out of this 49 billion-dollar direct tv deal if directv be does not negotiate. it's all about sports. stuart: all about football. calls for investigation that the bribed its way for being the r the 2000 all caps read the first time it has been hosted by a muslim country. the itreeggeshey se?isers for g deal and this could wreck their own corporate brand names the world association for soccer needs to stand up to read it's coke, sony, eddy is all saying you need to probe this corruption charge. it will start to possibly hurt us.
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stuart: this work-- this year's world cup which starts thursday re: facing problems. that's a video from the subway strike in its fifth day right before the big games begin. >> this is really serious and already the strikers have been fire. you have to wonder if the officials in brazil will do what ronald reagan did with the air traffic controllers because there is major traffic congestion and problems leading up to the world cup. >> and the stadiums are not even ready. stuart: coming up new at noon pat boone joins us. he is helping lead the fight to kill the death tax. he will be with us after the break. a lot of companies making money thanks to twitter, but twitter doesn't see any of the money. hour two, two minutes away.
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can you start tomorrow? tomorrow we're booked solid. we close on the house tomorrow. tomorrow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. x. how tomorrow moves. seeing the world in reverse, and i loved every minute of it. but then you grow up and there's no going back. but it's okay, it's just a new kind of adventure. and reallywho wants to look backwards when you can look forward?
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the revolution has arrived. it is not politics. it is the sharing economy. it is what anything, anywhere, anytime on your personal screen. that is a whole new world. ♪ stuart: it is a whole new world. here are the headlines. huber. almost as valuable as twitter. half of the company pays to strain. the nfl goes almost everywhere that you do. we have pat noonan with us. they are toast. some are closing, however.
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we will bring you the original frozen yogurt guy. he is expanding. the world cup starts on thursday. alright. the big board. the dow 17,000. thirty-five and change away from 17 k. could get it today. the s&p 500 coming up on another record. up again at 1954. the 10 year yield creeping up just a little bit. up to 61 as of now. karl icahn likes family dollar. up she goes. merck is buying identix. they are a huge winner today. apple's share price.
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it will look a little different to you this morning. why is that, nicole? >> at $100. equivalent to $700. today, you have a multi- year high occurring on this. you see it up 1%. 9309 at this moment. there are some findings that they do not necessarily mean greatness. it does make it a little bit more eligible for the dow jones industrial average. we will be waiting on things like the iphone six. more affordable for the people that want to get in there. stuart: thank you very much. men are lagging. 700,000 fewer jobs now than they did in december of 2007 when the
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recession began. what is this war on women? >> it is a war on jobs. i have been talking about this all weekend. i say that we cannot go back to 2008. we have grown as an economy. the participation rate is at its lowest since 1978 which was under mister carter. we have a situation with the lowest level of people that can't work since 1978. i think that this is indicative. it is lower-level jobs. stuart: you have to give me your answer to the question that everyone asks me.
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why is it such a rough economy and the dow industrial average is almost at 17,000. explain, please. i understand that that confuses a lot of people. as long as we have the central banks involved with our hands in our back pocket, that market will levitate higher. all-time highs on all-time record low volume. until they truly get their heads out of it and re- normalize again, that is the world we will be living in. stuart: we understand that one. going through congress. seeking the tax. with us now is pat boone. the spokesman for the 60 plus organization. big supporters of the bill to kill the death tax.
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may i call you pat? >> my dad is not here. please call me pat. [laughter] stuart: a lot of people that watch this program, myself included, are big supporters of getting rid of state taxes. i could make the argument that you are going to make. got it. it will not happen with this administration. no. no. no. you may know my partner at 60 plus, we are a locomotive. over 7 million seniors. i came out of the closet a few years ago and admitted i am a senior. jim martin made me the spokesman for 60 plus. over 60% vote for romney 2012. they know that this policy is ruining us. now we have 218 congressmen
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cosponsors of brady's bill to repeal the death tax, to kill it forever, to abolish it. that is enough. the cosponsors, it will pass in the house. and then it goes to the senate. this election year, where so many of the congressmen have not ever voted, it has been nine years since we have voted on the death tax. now this going against democrats and against liberal economic policies, this is the year where we cannot stop the death tax out. the death tax is criminal. it is corrupt. stuart: let's suppose that the death tax is gone.
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they make a great deal of money trying to get people around the death tax. your lawyers will be really upset. so, too, are the life insurers. you get the benefit on your passing away. it is not part of the estate. you have powerful groups opposing to repeal the death tax. >> that is the way it always is with every tax. they put the pressure on congress. sometimes the congressmen themselves benefit. i just realized something that you and jim martin had said to me. we are the third largest country in the world. big countries like china, russia, india, mexico, sweden, they do not impose the death
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tax. they are wealthy people. they do not have a middle class. it is the middle class that pays this tax. they are made with the judgment to die. stuart: just for one second, you will pass it in the house. guaranteed it will pass in the house. then it goes to the senate. i guarantee that senator reed will not even pick it up. >> even verbally he said we have to do something about this that. then he never does because they had their powerful lobbying interests. their constituents, including seniors, 70% of americans.
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, are opposed to the death tax. he is representing special interests to pay for his campaign. stuart: and honor and pleasure to have you on the show. you look terrific. >> god bless you, stu. we have to have more people like you. stuart: just a poor immigrant fresh off the boat. they are in my ear. you just turned 80. is that correct. >> yes. they were very kind to me. really. we had a big blowout. what is the best part about turning 80 and i said being alive. [laughter] >> i appreciate both.
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stuart: thank you for joining us. eighty years old. no one will believe that. stuart: check the share price. they are going to the hash tag route. the tv route. >> good to be back to explain this type knowledge he. the advertisers are using hash tags. there are not a lot of advertising opportunities during these very long games. they are trying to get the hash tags to be trending. promoting what they are doing in these, you know, games and within the commercials
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themselves. stuart: twitter does not get any of the money. nothing close to twitter. >> it is not flying to twitter through the hash tag. they are paying to have their hash tags trending on twitter. stuart: another story. celebrities and social media stars. they are making big money by endorsing products on twitter. again, twitter does not get that money. how does this work? >> twitter may not be getting money from those entertainers. people come to twitter because they have access to hollywood stars. two musicians that they did not have access to on a facebook
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page. these celebrities are tweeting them back directly. that is good. stuart: thank you very much, indeed. last hour you explained hoover. now you have explained twitter. the value of goober is now almost the same as twitter. 18 billion for uber. who would have thought. we are almost out of time, but you are a great explainer. softserve yogurt. perhaps the business is a little over extended. the ceo of 16 handles. he will argue otherwise. he is expanding.
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stuart: time spun off from time warner. stocks trading today. there you go. down 3%. the chicken company. you wanted more than that. hillshire brands. $8 billion. look at hillshire. that has really gone up in the last couple of weeks. we are up 36 points on the big board. on a monday morning, we are very close to the dow jones average at 17,000. who saw that one coming? emergency room visits up astronomically since obamacare took effect. maybe because of all the people insured now under the expansion
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of medicaid. >> a lot of these patients did not go to the doctor. suddenly, they are enrolled in obamacare. this is already stressing out a very crowded situation and emergency rooms. >> visits are up astronomically. >> it depends on the region of the country. 12% to 15% spike. just over the past few months, stuart. stuart: that is huge. medicaid people that do now have coverage. >> that is exactly right. hospitals are rethinking whether we should have separate clinics to refund all. they are starting to set up separate clinic areas to handle
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these. stuart: frozen yogurt. it has been one of the hottest trends. we aren't joined by solomon choy he is with us now. you pick off the whole idea of walking into a frozen yogurt store, get your little club and then getting your different flavors. you started that in new york. >> i did. i learned by apprenticing at a frozen yogurt shop in california. stuart: i think that whole idea was overexposed. there is a yogurt place on every corner now. i suspect it is beginning to shrink on some of those closing. >> some of our competitors have been closing.
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stuart: now, you are going international. stuart: we are announcing today that we are officially going international. stuart: why is it that you are expanding? why are you expanding when a lot of others are shrinking? >> we have had a very strategic growth strategies. focusing on the northeast by being a regional brand first. >> you target certain areas. that is where you are going to go. >> yes. >> legal for the upper middle class. stuart: why is probing yogurt becoming so expensive? i go in and get my little tub. seven or $8.
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>> we give you the opportunity to fly your flavor with whatever you would like. it is the matter of having that choice. we offer that flexibility without having a one price system. stuart: i go in and i -- my eyes are bigger than my belly so i take a lot of stuff and then i have to pay for it. >> that is a good thing. >> that is how you make money. stuart: what is special about the middle east? >> they like the western brand of being we are a new york city brand. they were really attracted to that fact. i think that the weather certainly helps. stuart: you are solomon choy and you are the ceo of 16 handles. do you have a piece of it?
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>> yes, i do. forgive me for asking, how much? >> we are still a private company. we are owned by family. stuart: how much would you sell it for? stuart was about to ask. stuart: would you sell tomorrow morning? the answer is, no, you would not. you are worth far more. >> absolutely. we are not for sale tomorrow. stuart: a billion. >> we can talk. stuart: thank you so much for joining us. the emergency, the emergence of apps in our everyday life. the sharing economy. a whole new world. my take is on that and it is next.
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how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪
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stuart: will you look at this. business stock. it is a dow stock. eighty-five as of right now. almost half of our households in america subscribe to a streaming service. that is not helping netflix stock today. we are talking a lot about hoover and the sharing economy. next, one of uber's competitors. plus, one of our market watchers says apple, watch out. he found a new up and coming competitor. it is a whole new world. it has arrived. it crept up on me. my eyes are now open. i am seeing it. i am feeling it.
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here are a couple of examples of this whole new world. number one, the sharing economy. if you have something that you are not using, you can now rent it out to make some money. not much money, but you are sharing for a seat. there is an internet company that will coordinate the sharing. whole industries are being disrupted by this. a huge impact. the app, taken over. fast numbers of people run their lives via the app. companies like uber, which is a taxi app. uber is now worth almost as much as twitter. last night, one of the youngsters on our team hit the uber app. she got it into minutes.
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her credit card info already in the system and it was done. it is a whole new world. number three. screens rule. look around, watch people. what are they doing? looking at their screen. it is a revolution in communication and entertainment. half of us now pay for a streaming service. no wonder the streaming stocks have gone up so much. this is a whole new world. the.com's burst on the scene. now they are disrupting whole sectors of the economy. it crept up on me, but i am feeling it now. we are all in it. a whole new phase. ♪ [ indistinct shouting ]
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i'm j-e-f-f and i have copd. i'm l-i-s-a and i have copd, but i don't want my breathing problems to get in the way of hosting my book club. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. breo won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking breo. ask your doctor about b-r-e-o for copd. first prescription free at mybreo.com
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w. government is looking into. there is so much on this front and so much money being made in college sports. stuart: i agree with you. we do indeed start to pay college athletes. that is a real revolution. even i know that. tell me, if i am right here, it is a revolution if this happens. >> a major revolution. which athletes get paid? which sports get paid. it is messy. >> interesting. you are on it. stuart: talking about uber already be worth $18 billion.
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one of the competitors is with us. he is here with us from new york. welcome to the program. stuart: you must be as happy as a child. >> it is a revolution. the whole idea of a taxi app being worth $18 billion. what is the difference between you and uber. >> we are all about having relationships. if you take a ride with us monday through thursday to work and it is pouring on friday, we give you the same price. that is on the customer side. on the driver side, uber and everyone like him have tried rebuilding companies from scratch. we are a platform. we hope existing car service
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companies. >> your drivers are licensed ties. they are not breaking any rules. stuart: as of right now, how many rides does wisk provide each day? >> we are in the new york city area. we do not disclose the full numbers. we have been growing double digit month over month. stuart: you can scale up. essentially, it is a software product. absolutely. if you want to be anywhere, you probably want to have new york at some point. stuart: i dial up with. i tap into wisk. i say i am going from here to here. you say, right.
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you take a piece of whatever the fee is. >> cracked. i register in advance. you know all about me. >> that is the beauty of it. when the check comes, tap your phone. stuart: can you tell me what percentage, on a $100 ride, what% you take as the middle guy. >> i will not fully disclose it. tens of a percent. stuart: that is bag. roughly in the middle. that is a big piece. >> there is a lot of work to make sure that you get the ride when you want it.
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stuart: you are the cofounder. >> i am one of three cofounders. >> the three of you own it. >> those are numbers that we will not disclose. a common project area. investors give you more cash. stuart: will you would when you start to expand that part of new york? >> probably in a six month timeframe. >> you must be working around the clock. >> we work quite a bit. stuart: a revolutionary company. a revolutionary idea. >> you want to do things that make a difference. stuart: you are working hard. how do you feel about the obama
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administration taking more than half of your income on taxes on the rich? you cannot dodge it. >> we are a small company working our butts off trying to make sure that we can change part of the world for people and make it better. do you know how much time we have spent with business compliance making sure that forms are checked off in a certain way. stuart: that is as far as you are going to go? >> i will not comment on the morality. >> i am very happy. [laughter] stuart: would you sell your stake in wisk tomorrow morning? >> you are talking about multiples. >> i am saying a ferry arrives
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and says $100 million. all we want is a piece of the action. you would not say no. >> it would be very tempting. i do not think the winners are the ultimate focus on money. they work very well with us. stuart: what kind of in america can are you? >> i love this country. dollars are just one piece of that. stuart: are you glad you appeared on the show. >> we will be here tomorrow. thank you very much. it has been said on this program many, any times. apple is no longer the leader in tax. one of our market watchers thinks they have found the next big innovator.
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who could that be? find out in one moment. ♪ my dad has aor afib.brillation, he hashe most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increas ur risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding,
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like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. ♪ nicole: sony winning the battle for videogame console. new data out today. sony also beating nintendo.
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we will show shares of sony up 1.3%. amazon taking on paypal. ranging from cell phone bills to digital using subscriptions. a small fee for each transaction process. the miss usa pageant crowned its new queen last night. ms. nevada took home the title. a fourth degree black belt to move on to compete in ms. universe. up next, apple's iphone, tablets and laptops. ♪ (mother vo) when i was pregnant
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...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. are we still on for tomorrow? tomorrow. tomorrow is full of promise.
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we can come back tomorrrow. and we promise to keep it that way. csx. how tomorrow moves. what a day. can't wait til tomorrow. stuart: here we go this monday morning. lunch time, i should say. elizabeth macdonald here in new york. just like that. apple shares more affordable. keith, would you buy them in the $90 range? >> no, i would not. i think there is a bigger, fatter, competitor out there. i want to get a hold of that one. stuart: we have teased our viewers say you have an alternative to apple. name it. >> the 4-year-old beijing company. it is socially savvy.
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one third of apple's cost with regard to smart phones, tablet and computers. stuart: can i buy that stock? it is private right now. they have to figure out whether the dragon is coming to dinner. stuart: okay. please keep an eye on it for us, keith. we have other things that we are watching for you today. speaking on the economy. stuart: a rare time for officials to raise a red flag. it is structural. it is permanent. the government finances are not on a good setting. stuart: that is a negative for the economic outlook. >> yes.
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we know it is at record highs right now. stuart: we are very glad that you could use the whole world without using the dreaded qe3. stuart: thank you. men lagging in the jobs recovery. that is not a good sign either. >> no. i think that liz is on to something. we have more burger flippers than part-time jobs. that having been said, there will be a tipping point. i do think it will be worth investors time. stuart: why should that particular sect there a good? explain it. >> 100 years ago, nine out of 100 people working in the agricultural field.
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i think we will see more people entering the healthcare services. i think we will see men rebound into fields that have been traditionally by women. stuart: berks buying identix. the stock is just taking off. nicole: if you own identix today. you are just cheering. merck is just fractionally to the downside. they have a portfolio of hepatitis c drugs. they will be picking this one up for 3.85 billion. it is a big deal here. stuart: the dow up. when are we going to hit it eschenbach. >> we are very, very close. all it will take is to traders to decide to cross together.
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i think that we are within days of it. stuart: is it upward from there? >> i do not like all the things the fed is doing. i do want to be along for the ride. stuart: thank you everybody. that is it for the real halftime report. we will see you soon. then we have office depot. the stock was featured over the weekend and barons. who wrote that article? who is responsible for this? he joins us every monday morning. office depot. it is up three, four, 5% this morning because of what you wrote. one of these stocks that people think is mistakingly dead. people still do buy all of that
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stuff. i brought a pencil, in case you have not seen one in a while. sales of pencils are up. they are still going strong. stuart: bricks and mortar. isn't the whole retail system running against bricks and mortar? >> people go there to buy their stuff. they are reducing their numbers of stores by about 90%. it is a case where the merger really make sense. stuart: their same stores sales will look better. >> they are caring what they need. be a mac do you put any kind of price target on the stock? it got a five because of your article. >> the history would say 90% in eight years. we think it can go up 50%.
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he is already restoring profitability. when the effects of this merger kick taken, it will do quite well. stuart: percentage terms, that is a very nice game. >> that is right. it makes sense as a long-term player, two. stuart: is that right. another example of the sharing economy. crowd funding sites. titan one 3d printer. the fastest 3d printer out there. a lot of money very quickly. we have the creator with us next. ♪
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your breathing - sensors working directly with the dual air chambers - yeah you need the air chambers. introducing the sleep number bed now with sleepiq technology. it tracks your sleep patterns and tells you how to adjust for... a good night's sleep, a better night, and an awesome night. so what sleep number adjustments make the difference? try cranking it up? adjust it down? a little bubbly? or nix the late night flicks? wait, you'll know what works, cuz sleepiq™ technology tells you. and all you have to do is sleep. which is easy. only at a sleep number store, mattresses with sleepiq start at just $999.98 because everyone deserves a great night's sleep. know better sleep with sleep number. stuart: crowd funding is another example of this sharing economy. case and point, 3d printing company using kickstarter to get some money in.
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titan one printer? ù-letter money with kickstarter. >> it was fascinating to our backers. now we just reach 400 k. stuart: it took you 12 minutes to get $100,000. >> yes. >> they got a sticker. stuart: they have product for it. >> yes. our first shipment will be shipping in november. stuart: i am looking at what a printer can do. i have one here. it looks like a high quality product. >> it is.
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high-performance. flexibility. stuart: i can buy from you for $18 million a printer that will give me that they like that. >> yes. from kickstarter. stuart: do you have one on the market yet? >> not yet. >> our market right now is proconsumer markets. a lot of 3d printers on the market. >> it is more advanced in terms of resolution. we have about 18 to 2700 kickstarter.
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>> you have to have some kind of appeal with it. are we there yet? >> the answer is no. there are printers. if you look at the replacement, it is very black-and-white. very simple. this is a graduation ring that we did. stuart: you are a high-end product. >> we are. stuart: gentlemen, thank you very much for joining us. good luck. your take on the whole show is next. ♪
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the 240 million active users. speaking of activism, activist investor carl icahn a porting 94% stake in a discount, family dollar. adopting a shareholder rights plan to protect itself. all eyes are on brazil coming world cup a few days kicking off today. checking in on which team you are rooting for, but getting straight to this story to amazon, taking on ebay paypal. more than 240 million active users and if you use the new payment plan you would have to trust amazon with your data. online security is the hottest topic for corporations and the government right now. cyber crime is cost the
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