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tv   Varney Company  FOX Business  June 23, 2014 11:00am-1:01pm EDT

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are hosting outnumbered at 12:00 p.m. eastern time, please join us. now it is time for stuart varney. i know you carefully have written your six children into your will. it is all yours, sir. stuart: thank you very much, indeed. good monday morning. iraq, oil, jobs, who cares. the do dow poised to cross 17,00 for the first time ever. don't grown as team usa tie last night, america is alive and well in this world cup. do you know anybody who didn't watch? we are expecting ratings. if this isn't a cover-up, what is? dropped a few days before the e-mails were lost. how convenient good reports google will unveil an android smart watch. this is how we will where where
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computing power? on the wrist? "varney & company" is about to begin. you have a small loss of 31 points on the dow, so let's get to the irs story. the commission will be back on capitol hill tonight in front of darrell issa's committee. the latest is the irs has used a private company to archive the e-mails and right before those e-mails were "lost," the contract was lost. how convenient. senator, welcome back to the program, sir. i think the viewers are exacerbated at this because we have been told to get those e-mails to retrieve them is pretty simple, we are all wondering why doesn't anybody move heaven and earth to get those e-mails?
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>> we have been getting started every step of the way, for instance they said lois lerner hard drive crashed and all of a sudden we find out they got rid of the hard drive, it makes you wonder, doesn't it? this group that was opposed to archive e-mails up until about the time when these things happened, all of a sudden they didn't do anything beyond that. there are a lot of things very suspicious here. the irs requires you and me to keep our records for three years, why cap the irs keep their records for at least that long in something as serious as this? stuart: this is a very serious thing. this is potentially the government in the middle of a presidential election campaign used the machinery of government, the irs, to suppress the conservative vote, that is a very serious thing. are we going to just run the clock out on this thing?
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>> is certainly looks like they are doing everything they can to get out from underneath this. usually when you file for the 5o1c4, he should not have a hard time getting it approved. some are waiting three years. there were maybe a couple, but almost every conservative group got held up, mistreated, treated like they are not equal citizens. frankly it was wrong. a number of my colleagues called on the i rest to give them a rough time. these were democrat colleagues, these are the kind of things that have cost me a lot of angst. stuart: it has caused our viewers a lot of angst. our viewers cannot understand why something this serious is treated so likely. where is "the new york times" investigating this? this would have been front-page news for months on end, but it
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is not. >> we still hear complaints about 18 minutes president nixon. here we have two for years, not only lois lerner's hard drive breakdown and crash, but all of a sudden we find out a week ago i met with the chairman of our committee with three others. at least one of those new the other six had crashed and didn't say a thing to us. i suspect all four of them knew they had crashed as well. nicole is the chief of staff to mr. miller was found in the end, oddly enough we find she made a multiple number of trips down to the white house. we wonder what that is about.
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they are not getting any answers to these things. this really is suspicious. stuart: we do appreciate it. check the big board, on 17k watch as we have told you the shiny new graphic to use, we can't use it next. we are down 27 at the moment, 16919 to be precise. about one point away from the record so pretty flat thus far. the price of oil thing at 106, $107 per barrel, that is iraq for you. the price of gold, that is iraq. no change as of right now. at 2.60% on the 10-year treasury yield, no change. you can send the monday morning market is pretty flat. take a look at lululemon. the founder is fighting to
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regain control of the company, that is sending the stock higher. explain, nicole. nicole: the founder is about the near-term, concerned management is concerned too much on the near-term. he has secured and turned it to goldman sachs trying to seek a change in the board of directors at lululemon. the company recently cut of their forecast, right now the stock is up about 3%, it has gone up and down over time, but ship wilson is trying to regain some cloud they are indeed. he is looking to goldman sachs to help him to do so. stuart: he has 28% of the company still, that is in a space to move from. that is why the stock is up again. and we have ed klein's new book, peers frequently on the show, his new book site one of hillary
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clinton's top legal advisors alleging president obama called on ms. clinton at 10:00 at night to get her to spin benghazi. wanted her to say the attacks happened because of the video. she hung up and talk to her husband, bill clinton. this is the exchange according to klein's book. that story won't hold up, bill said. i know, hillary said. i told the president that. it is an impossible story, bill said. president clinton then said i can't believe the president's claim it wasn't terrorism, but then again maybe i can be at the ludwig obama won't be going to say terrorism has occurred on his watch. minutes later, hillary still sent out the press release blaming the attack on video. joining us, do you think this is the real problem for ms. quentin
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come the election? >> definitely. her book has just been released selling a lot of copies she suddenly has an excuse for why she lied to the american people. stuart: it is a very sharp and harshly written book, is that a credible source for this quote from anonymous sources? >> they are anonymous, but he can't do something like this without something to back it up. somebody said this and it seems totally plausible to me she is just trying to get rid of this possibility because this was a worth thing that happened on her watch as secretary of state. stuart: you hav imagine it has s were tuned half years. >> politicians are so risk-averse, they are scared to do anything shocking, but if you
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read a bit more in the book talks abou with how she consider resigning over this and decided not to. imagine if you had resigned saying i am not going to cover this up by claiming it is about a video, this was terrorism. imagine how she would look now. stuart: hillary said voters don't see her as part of the problem in regards to income inequality. this is another quote. we pay ordinary income tax unlike a lot of people who are truly well-off not to name names, and we have done it through hard work. truly well-off, the clintons have made $100 million from speeches and books and what have you. >> it is hard work giving us an hour speech. >> man, woman of the people. ordinary folk like you and i, $100 million. >> in the last couple of years
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rumor has it she made 5 million just over the last couple of years. she is not like you and i. she just released this one, selling well, will get a lot more money. stuart: but she is the first viable woman candidate in modern history i know anything about the first viable female candidate for the top job, that will carry a great deal of support from women in the country. >> after eight years of obama, democratic party has really shifted. obama has made inequality one of his big talking points. something all democrats have shifted to talk about. the 1%. how do you deal with that if your candidate is part of the 1%? stuart: if the election were held now, hillary clinton against, i don't know, a generic republican, do you think she would win? >> i don't think so.
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this time of the previous cycle hillary was the front-runner, nobody heard of this junior senator from illinois, so the fact everybody is assuming hillary will be the nominee, who knows who is out there, the rising stars we haven't even heard of yet. stuart: well said. thank you for being here. in 30 seconds i have three headlines for you, obamacare, states that decided to set up their own health insurance website have a problem, federal money is running out, more than a dozen states struggling to figure out how to pay for websites in 2015. grammy award-winning artist sting worth $300 million says he won't be giving much if any to his six children. this reason, sting says he will spend it all. now check this out, that is a
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$30,000 suv, $30,000 for a brand-new mercedes. we got one part out on 48th street. how is this for a number, $1.1 trillion how much college students odette. who is at fault here? the students who took out the loan fro for the colleges he ton arm and a leg for those who encouraged the high prices? but first, teen usa against portugal, mak a groan as portugl scored the equalizer in the stoppage time. maybe disappointment. look at that, last 10 seconds, i cannot believe it. i'm still betting 30 million people watch the soccer game, that would be a record.
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make it matter. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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stuart: it is a pretty flat session across the board this monday morning. how industrial down 30, 16900 is
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where we are right now. the price of oil below $107 per barrel. the movement down half a percent. looking at buying central garden and up she goes. somebody wants to buy them, stop they go. the supreme court ruling the obama administration went too far imposing new carbon regulations on power plants. stephen moore, steve, it was a 5-4 ruling but this seems to me off the top to be a setback the presidents war on call. is it? >> this is an enormously important decision because as you know, these new regulations were just announced about a month ago now the supreme court is announcing they have gone too far, they have overstepped the legislative balance.
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what they are saying is this is a legislative branch function and you are making from the executive branch. stuart: this has been a consistent criticism of the president, executive authority bypass in the legislative of government. you think they this decision could have an impact on other actions by the president? >> let us hope so. several years ago the court ruled through what we call the endangerment finding the administration does have the right to regulate carbon emissions. what they are saying is as you said they went too far. too much of a stretch in terms of how much the epa can do without any guidance from the congress. this is happening in every single agency of government including the irs. stuart: i think you got the judgment right. the coathe call stocks are up s.
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you got it right. >> natural gas too. these epa regulations if the president had a sample approval to go forward on this, we would have no coal industry because it is the dagger at the heart of coal. stuart: student debt more than $8 billion almost double what it was seven years ago. whose fault is this, is it the students who borrowed the money, the colleges for charging a lot of money, and arm and a leg, or uncle sam for subsidizing the college education and thereby raising the price, where do you put the blame for this crisis? >> can i take and all of the above? my son just graduated from college northwestern this weekend, the tuition is $60,000
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per year when you include the room and board. these outrageous tuitions are something families can no longer afford and when i put the blame on universities and also the fact the more that we increase the student loans, the more those loans go up in value, the more the tuition goes up for a dog chasing its tail did nothing to reduce college tuition costs. stuart: the president is able to buy votes see says we will forgive this debt, so vote for me. >> that is a very frightening. this report showed the average student who took out a student loan is starting their working life with over $30,000 of debt. like starting with another mortgage, it is very damaging to the prospects of young people, it's like take a bite out of
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their paychecks. who do you think will tell the max pick up? we are not getting paid $200,000 to give a speech. at least i am not. you probably do. stuart: on that note, this time next year i will have three kids at the same time in private colleges, so spare us all. we lost the signal, but thank you for being here this evening. we are calling it a convenient truth. two years of e-mails gone, vanished, just like congress. your response to this after the break. >> what i did not hear in that was an apology. >> i don't think an apology is owed. that is in the e-mail was lost since the start of this investigation. every e-mail has been preserved, we have produced or will put his by the end of this one. >> you don't have the time is
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relevant to this investigation? >> it is very relevant. peace of mind is important when you're running a business.
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comcast business built for business. ♪ >> this is not being forthcoming. this is being misleading again. this is a pattern of abuse, a pattern of behavior that is not giving us any confidence that this agency is being impartial. i don't leave you. >> i have a long career, that is the first time they have ever said they don't believe me. >> i didn't ask him a question. >> this is the most corrupt and deceitful irs in the history. stuart: i guess you could call those fireworks on capitol hill friday, but one thing you did not see were the democrats asking tough questions.
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we apologize for the way the irs commissioner was being treated. listen to what you the viewer's are saying about, actually, listen to becky garrison, she is a targeted individual, look at what she said. >> everybody sings rethinking these e-mails are static and never went anywhere, but there were recipients and those servers at the doj, the sec, deal and see needed to be seized, need to be looked at and if the e-mails are missing off of those servers, we can be assured this is a cover-up. stuart: now let's get to what you have to say. like everything else we have discovered to be wrong or criminal, nothing whatsoever will come of it, nothing. did you ever think in your wildest dreams we would ever have a government like this? it is disgusting, hope you spend some time in jail and loses his pension. he does not deserve the title.
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kind of harsh and passionate opinions from our viewers. short, sharp, to the point, that is what we like. now let's get back the world cup because deep down you care. the casual fan will be disappointed the fan ended in a tie, but if you put it all together, soccer i think has arrived thanks to this great world cup. let's see if they agree with me. you do agree, don't you? have you ever seen soccer as good as this orchestrated a world cup like this? >> no. this is the best in history. a lot of goals scored a lot of great stories. costa rica, spain, great storylines. it has been great. stuart: i think it translates into higher ratings for european soccer on american television for the coming season. >> i think people will know the
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players more, be familiar with names and they will want to keep watching. stuart: does it mean more revenue for u.s. soccer teams? does their value go up? >> a lot of these guys play on mls teams. they're going to want to keep tracking these guys put is great for mls. stuart: i would say soccer because the team's report you can now set a place of the table of great american spectator sports. basketball, baseball, football. >> not hockey? stuart: i will put hockey in there, but do you think soccer belongs in the same notion? >> we will see overtime. a lot of people will pay attention. will they pay attention to the mls championship two years from now? maybe not. i still think the league needs
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to grow, but a lot of fans will keep track of the champions league and the euro and things like that. stuart: money is going to move into soccer in the form of sponsorship or value, the interest is moving to the united states. >> we see this with the olympics sometimes, participation in swimming goes way up after the olympics because everybody is watching michael phelps and others, and then it drops a little bit. takes a lot to keep sustained interest. stuart: where did you watch? >> i was at home with my family. in new york i heard screams throughout the streets. i had not heard that since the yankees were in the world series. stuart: when was that? >> when america went 1-up and when they tied it up.
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stuart: i don't know what i will do when this is over. i watched three games each day of world cup soccer. >> that is what i have been doing although it is kind of my job. stuart, and see us again soon, lot more news coming out. tesla ceo elon musk says he is worried about a robot takeover. we have intel futurist after the break with the new updated robot. what exactly can this thing do for me? i broke it last time i was on the show. tdd#: 1-800-345-2550 searching for trade ideas that spark your curiosity
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that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ stuart: near the low of the day for the dow just about 169 and some very small change. john kerry on the ground in baghdad, a threat of a civil war is right there.
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price of oil today is down. a big tech deal. they make point-of-sale technology. take a look at tesla. barclays says the company needs a big june to meet the sales target. investors think they will get it. just last week elon musk said he is worried about robots becoming too smart. companies like intel are coming up with their own version of robotic technology. intel's futurist, the man who looks at the future for this organization, and in front of him he has that jimmy. i broke him. >> i'm keeping my robot away from you. stuart: that is a toy, isn't it? >> it has a lot of processing
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power in it. think of a smart phone. just like your smart phone, it could be a toy, but you can use it as an alarm clock, track your heart rate, use it as a computing platform, any number of things, even health care. you can use it as a way to remind grandma to take her medications. it walks up, find grandma and say take your medication. stuart: it is a stretch, isn't it? i'm not going to use that to give grandma her pills come you know what i mean? >> the app developers love it because what they say -- imagine if it was designed by your daughter. you can 3d print it so it looks like her daughter wanted to look like so you can have a walking,
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talking. stuart: i could 3d print this thing. it could look like one of my children. >> it could be so when grandma sees it, she things of her grand daughter. stuart: how much? >> it is about $1500. stuart: would i have to be technology genius to program the thing? >> no, just like a smart phone. think of it just like a smart phone, download apps suite can do whatever you wanted to do. stuart: you really want to put this thing out, have a lot of people buy it because you in the market for a robot or is is a project you want to work on introducing gradually? >> the developers love it because now their programs are not stock on the screen anymore. now it can find.
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i'm excited about seeing what people do. stuart: what it walk across the room for me? >> yes, it could dance. as an alarm clock. stuart: you are at this futurist event, give me the one big new thing you are really gung ho for out of this event. >> a 3d camera on a laptop. imagine getting depth perception on a laptop. you can use it for things like scanning and 3d print them, or any number of things you can docome it is so small we can put it in a laptop. stuart: what you really want to do is put it out there and have them decide the uses. >> so much of what we do is put the tools in people's hands and letting people innovate.
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stuart: brian david johnson. thank you for being with us. you wouldn't let me touch jimmy this time. i am calling it a car for millennials. a $30,000 mercedes suv. brand-new, $30,000. going to try to sell it to me. i will be out there in just a moment. take a look.
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>> welcome back, google developers conference kicks off this week and all eyes are on wearable technology. a smart watch that would run on google android software. when they get a challenge at apple tv and amazon fire to the lot more hardware announcements apple's conference. check google shares up fractionally bid and news from lululemon. making headlines for the tear filled apology video after claiming women's bodies don't work for his clothes. he stepped down last month but
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still the company's largest shareholder. shares are also up. coming up, a brand-new mercedes waiting outside, and you won't leave the price. stay tuned. ♪
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[ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, if hp big data solutions can keep wireless customers smiling, imagine what they can do for yours. make it matter. nicole: or take a look at coach hitting a low today.
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he did have one of the analyst coming out downgrade in the upscale retailer and underperform from a neutral. they are worried about the near-term earnings after the company came out with sales friends weaker than expected. also when asked why are they continue to renovate and upgrade when coach itself talked about customer traffic dwindling and not seeing that improving as everybody turns more to the digital age. under pressure at a new low. this year down about 40%. now stuart varney with $30,000 mercedes. i cannot wait to check this out. stuart: do i have a deal for you, mercedes brand-new out the door i am told for maybe $35,000. here is the guy who is going to show off this beautiful model. welcome to the program. >> thank you for having us.
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stuart: are you sure i can get a brand-new mercedes which looks terrific? $35,000 brand-new out the door? >> we have not announced the pricing but you are close proximity to it. stuart: you are going after youngsters, aren't you? >> we do. i know you have a birthday coming up, you will be 35, a perfect car for you. stuart: where do you build this thing? >> it is built in europe. stuart: gas mileage hashtag >> epa has not announced that yet. but a very similar vehicle same power plan 36 on the highway. stuart: it is not enough for you to nail down the luxury market, you want the millennials market at 35. are you sure in september when these go on sale in america i
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can walk out the door giving you a check for $35,000? >> the same product, it has a coupe back, same wheelbase, same powertrain, 299 today. this has all-wheel drive, but you are in very close proximity to the price you would see if you were to walk into one of our showrooms. stuart: do you make much of a profit on a car that low in price are not high on the luxury scale? >> we make a nice contribution but what is important is to bring people into the mercedes-benz family. stuart: that is why you are doing it. if you can get them in for $35,000 they will move up. >> they absolutely will be at stuart: september goes on sale. has anybody seen this on television before? >> this is the first time we have parked it on the street in
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manhattan. stuart: you took an extraordinary risk. >> for your viewers, we will take the risk. stuart: all across america. >> for folks interested we will have a tour across the cities, they can find out more. stuart: thank you very much for joining us. i will put my notes down and shake. obamacare exchanges running out of money, that could be a problem. i will have that for you in a moment.
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stuart: year two of obamacare six months away, but the states, they don't know how they're going to pay for it. this is paying for the exchanges, is that right? >> that is exactly right. they have to be self-sustaining, have to be able to pay for it by the end of next year according to the federal law.
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now low and behold more than a dozen health exchanges are worried, the states are worried how are we going to pay for it, there is no honeypots to pay for it at the end of next year. taxes, talk about raising taxes, raising taxes on insurers to pay for this so the cost of obamacare although hit in right now will go up. this'll be the headline at the end of next year, stuart. stuart: they spend 4.5 billion to set up the exchanges? >> so the states are saying to themselves we don't even know what the right volume of insurance sold should be at this point in time. california already saw 22% spike higher in the health exchange cost just to run it, so they got a billion dollars bid california, washington, the major states that said we will run our own health exchanges, money going out the door and they will have to come back to
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taxpayers to pay for it. stuart: somebody said you think health insurance is expensive now, wait until it is free. what is this idea? forget the stock market, what is this i hear? you have a problem with the world cup? >> i don't watch it. stuart: you neglected their own country which mark >> this is a land of freedom and choice. to me, everybody is emotional and they always seem to go to a tie. i spent two hours waiting and it goes to a tie. it means i love my country very much and i love the team, i am just not interested in the game, sorry. stuart: i know we are on the air, but so is team usa versus germany.
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>> i will be there in heart and spirit. stuart: you're going to be on the show, we have one of the monitors watching. check the big board, please, near the low of the day, 17k probably not in reach today. we have a trader in the next hour who says don't worry, 17k this week. lululemon founder wants to regain control of the company. it into the one who said overweight women should not wear yoga pants in the first place? >> he gave a long apology for what he said on a television show that if you are overweight the yoga pants will wear out, another company has listed goldman sachs to talk about the organization. stuart: he might start a
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buyback. that is why the stock is up. >> i meant managerial control of the company. are the products good, do the yoga pants hold up? the fashion is there. the question is do they fall apart. stuart: to the ever go over this year and his problem? >> they said they would work on it. stuart: that is a good idea, you might want to work on that. you will be in that chair looking at that monitor over there. a collective groan from soccer fans over portugal tied the game in the final seconds last night. admit it, you watched, i know you liked it. more on that in our next hour. plus, sting, he won't leave his
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$300 million fortune to his children, he says he wants to spend it himself. i totally disagree with him and i shocked when myself in full in the second hour of "varney & company" which starts in about two minutes. we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies.
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♪ stuart: why don't we call it the weekend of distractions and the white house just got lucky. territory and what used to be iraq. covering up the irs scandal. the world cup and team usa. this monday morning, we will tell everybody the irs is back and joe biden is in baghdad. ♪
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stuart: headlines. stocks flat. it looks like we will not make it to dallas 17,000 today. one in every four don't say things at all. revelations of a new book blood feud. it is not good news for hillary's run for presidency. we do hear you. we will cover the world cup. it seems to me that soccer has arrived here big-time. let's check the big board. the s&p 500 is down, not that much. 1959. the 10 year treasury got virtually no move at all. lulu lemons founder wants to shake up the board. making it private.
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one of the options on the table. 3.5%. tesla needs a big june. it looks like investors think they will get it. coach hitting a new low after a downgrade. ouch. the latest from iraq. the u.s. is still considering how to work with middle eastern nations. isis is a threat to the entire region and not just iraq. the price of gold has been moving up. to nicole, google.
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i think it will be the big headline this week. nicole: it is interesting. we recently watched apple. we are watching now for google. talking about wearable devices. you may get a notification. this is something that we will be watching for google. it is up more than half of a percent. stuart: will it be the watch? will that be the wearable tech technology format that everybody goes for? it looks like the watch is the thing to watch. nicole: what else would you want
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we do not want a necklace or a belt. and anklet? i think the watch is a good idea. [laughter] stuart: now this. said to be worth $3 billion. three sons and three daughters will not be getting a big inheritance. you are a dad. what do you think about this? >> well, stuart, i think this would classify as a first world problem, wouldn't you agree? i sincerely hope that someday i am faced with the difficult decision as a father on what to do with my aliens of dollars. however, you do not need to be a very boisterous individual.
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guess what, this money falls into that same category. it is really none of my business. i sincerely hope i have the same problem sunday. stuart: i have no dow crake and if the. i will give my opinion on this. hillary clinton has not even announced her bid for president. the critics are slamming her. crystal wright is with us. crystal, it seems to me that every one is slamming hillary clinton. they are slamming the woman that has a chance of being the first female in the white house. >> my biggest nightmare is that hillary clinton would win a ring for president.
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stuart: your worst fear is hillary clinton? >> i think it is. she is one of my worst fears leading up to the presidential election 2016. if she was really a champion of women, why has she stood by a man for almost 40 years that is a serial killer? she know she could not access this world of political power without him. that does not send the right message to women. she had to put her hand and meddle into healthcare.
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she did not stop iran from going nuclear. she certainly did not do anything as she told diane sawyer about making our post abroad and well protected. she said, oh, diane, i cannot be brought up with the blueprint of embassies. i wonder if she is really capable of taking that call at 3:00 a.m. stuart: september 11, 2012. this is the exchange from the night when our embassy was under attack. that story will not hold up,
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bill clinton said. it is an impossible story. i think the president is claiming it was not terrorism. then again, maybe i can. it looks like obama will not allow anyone to say terrorism has occurred on his watch. there is no wild loss between the two. >> no. if she does run, she will try to blame it on the president. at the end of the day, she was very intimately involved with the talks with the white house. she was in the white house briefing room. it has been hard for her to say i did not know anything about
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benghazi. i was just following the president lead. stuart: okay. i know where you are coming from. >> i think that there is a high probability that she could become the next president of the united states of america. remember, she thought that leading up to 2008 out of nowhere we had a long range senator called barack obama that pulled the rained out from under her. they kind of come in and sweep it out.
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stuart: crystal wright, thank you for joining us. another hearing tonight. those missing irs e-mails. you can bet there will be some real fireworks. remember this? >> this is not being forthcoming. this is being misleading again. this is a pattern of abuse. a pattern of behavior that is not giving us any confidence that this agency is being impartial. i do not believe you. >> i have a long career. that is the first time anyone has ever said that they do not believe me. >> will you let him answer the question. >> i did not ask him a question. >> this is the most corrupt and deceitful irs in the history. stuart: i think that there will be fireworks tonight. it starts at 7:00 o'clock.
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the house of representatives have had a chance. now they can go at him with bad ammunition. >> this is really bad. the story line out and out in the media is this is only about stopping the corrupt flow of money. no, it is about shutting down parties during presidential election and midterms. this is about undercutting the credibility of an already bad tax system that is constantly fiddled with by a bad congress. it was a computer that ate all of the information needed the computer ate my hard drive would not fly at the irs. stuart: this is really about the
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integrity of the u.s. tax system. >> there are no e-mails there, of course there is no story. they have to get to the bottom of this. stuart: right yet again, liz. think you. the world cup is proven to be one of the biggest opportunities for companies to advertise their products. listen to what one ad executive had to say about this year's advertising on the show. >> a far more global event band anything. it is not so tv centric. if you were to say that tv and network tv was the primary media vehicle for the super bowl, i
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would argue that twitter is the primary watercooler media vehicle for the world cup. stuart: our next guest has a business that makes money from twitter. >> analyzing the trend. we uncovered that there has been 10 million hash tag mentioned for the world cup. stuart: you have to bring me up to speed here. 6.7 billion impressions. what does that mean? >> that means that the hash tag world cup had 6.7 billion times.
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it is important to look at when you are an advertiser. making sure that the message gets reinforced with them. stuart: does that mean that advertisers impression has been seen? >> not quite. these are brands that are really killing it in social this year. that has stayed alone has been seen over 300,000 times. stuart: it is not somebody buying a dock. >> it is. it is a strong mix of a hybrid.
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this year, they are spending more money on digital advertising mar television advertising. last world cup, four years ago, only spent about four on digital. >> the folks in our analytics division are staying on top of these trends. >> that is fascinating. what an event for twitter and you. stuart: thank you. tightlipped when it comes to public criticism. not this time. find out what walmart is saying about the new york times after this. ♪ i ys say be thman with the plan
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but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs
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of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. stuart: check those coal stocks. many of them are up.
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the ruling is that the obama administration with too far in imposing regulations on power plants. walmart schools the "new york times" over an editorial. what is this? >> walmart. it was entitled the corporate daddy. this is what walmart did. here are two that show something inaccurate as does not give published. stuart: the "new york times" said walmart is a rotten bunch of guys.
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>> he was also saying that walmart workers also get food stamps. stuart: you are totally wrong. you have your facts wrong. >> a very rare move to take on the "new york times." this is a new level of pr push. stuart: timothy egan in the "new york times" got his facts wrong. >> more workers are actually moving off of government assistance. they are also saying that we have a lot of people in our college tuition program. the "new york times" apparently said, that is very poor. it is not doing great. everybody has not graduated yet.
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>> nice to see them right bac though. they great reporting one quarter of us have no emergency savings to speak of. greg is joining us now. he is with bank rate. 26% of americans have no emergency savings whatsoever. that is accurate? >> that is correct. there is nothing put away for a rainy day. stuart: they can cover less than three months worth of expansions. >> that is correct. stuart: how about six months? >> just 23%.
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stuart: i would imagine that mostly it is millennial's. late teens, early 20s. i can understand that. is that accurate? >> no, it is not. they were more inclined to have money put away in some of their older counterparts. let's give credit where credit is due. they were relative to other age groups. stuart: you look at the big picture here. an awful lot of people that are really insecure. can you make that judgment that things are getting worse? is that the case? >> they certainly are not
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getting any better. in other words, people they recognize the importance of emergency savings, but they are doing very little. stuart: you have a picture of middle-class, middle america. >> it is more than just the middle class. the top third of income earning households in this country, fewer than them have the adequate cushion. i agree it is tough for people. look, this is not something that is confined to the middle class or the lower income households. across the board, people do not have enough put away.
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stuart: thank you very much for bringing it to our attention. my take on the world cup and why i will be glued to the tv for the next three weeks. that is after this. ♪ [cheering] peace of mind is important when you're running a successful business.
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when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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stuart: we like to bring you winners and we have two for you. look at chapultepec. another lunchtime winner for you. $5.97 -- $597. guy benson joins us in a couple of minutes. then we have brian kill me. the world cup soccer going mainstream. does he agree. here is my take on the world cup. it has been a triumph for soccer. like it or not, soccer has
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arrived. they are getting up seconds later. yes, you are right. very pathetic. like you, i want a clear winner and loser. that is america. yes, soccer does have its negatives. in this world cup, the pluses of soccer are in full display. more intensity. the action is free flow. in this world cup, the open attacking style is winning. far more good. the tv commented on jim commentators have their own style. they are very critical sometimes
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of american players. then there is the performance of the u.s. team. outstanding effort. team usa must surely be ranked in the top of the world. in terms of sheer talent, i think they were a good match. do not forget the best of the best. do not forget argentina. clearly, the games in brazil have turned me on. soccer has one a lot of you over also. he says watch out for returning world cup fans. they may bring disease bearing mosquitoes with him. i guess that is his take on the world cup. ♪ [bell rings]
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my dad has aor afib.brillation, 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. 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, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older,
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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. ♪ stuart: you just heard my take on the world cup. let's hear what brian has to say. i have a 9.1 overnight rating for the sunday night game last
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night. the highest ever for a world cup game espn. that is big. >> probably better than anything they had on abc. on a sunday at 6:00 o'clock, 3:00 o'clock pacific time. really reflective of what i have been hearing. i just think that things have changed. the u.s. played a lot better. they tied in the last second. i have people debating the sport. should it and in a tie. i think it is extremely intriguing. >> who would have thought that nigeria would score four goals against south korea. nobody thought that. they are up three-zero.
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tremendous endurance. iran play with argentina. i never put those two companies together. the world's best player who did nothing for 92 minutes to score. >> too much of an emotional roller coaster for me. that is why i do not watch. >> it is just too much. >> we are gung ho for soccer. we cannot understand why the rest of america -- >> they are. when these ratings, i'll and you can buy them with univision. we hooked up to the light espn app. i had people watching soccer. these sports bars have about
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500,000 people. stuart: enjoy the sport. free flow action. stuart: i cannot give you a gps of brazil. they have to play with one less day. they have one game left against germany. the u.s. is going into the jungle. then they have to fly back and play germany. the germans are known for their fitness. america is always getting screwed. i know you all want to be us, but do not try to beat us unfairly. stuart: let it back to the irs
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scandal. >> i will make the transition. >> i cannot handle it. stuart: the irs had used a private company to archive its e-mail. we are calling this a convenient truth. joining us now fox news contributor kai hansen. make everyone understand this. >> frankly, i would be perfectly happy to keep talking about the world cup. i am not much of a soccer fan. you mentioned the british. you cannot take your eyes off the screen. i actually felt something when that late goal went in. >> we will get to the irs in a
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second. can i count you as a newly committed soccer fans were watching the world cup? >> no. i am less of a soccer skeptic then i used to be. i think american soccer all american football isscreened to. i like the idea of the country rallying around a team. you would hear the cheers echoing up and down the street. once the u.s. is sort of an underdog. this is the holy grail. the fact that we are playing well and have a chance is something that people from very desperate walks of life and politics all set aside, people are rooting for the country. stuart: give me the storyline.
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the loss of the e-mails. go. >> this backup company was tweeting as early as 2009. maybe you should come do business with us. having an agreement with the irs. they work with them to restore their e-mails. relatively small. it does not raise questions about whether these e-mails were stored somewhere other than that loan hard drive belonging to lois lerner that supposedly crashed. one of the interesting things from the testimony on friday was he tried to explain that e-mails are not necessarily official communications that are governed by these guidelines. not only does that fly in the
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face of lots of standards and precedent when it comes to government correspondence, it is also literally in the irs manual that e-mails are to be considered official documents, official communication that must be stored and archived according to the rules that were laid out. stuart: i do not understand why some authority somewhere, like the attorney general of the united states, is not gung ho to go get these e-mails from a server where they must exist. >> you have to be naïve if you think eric holder is gung ho to go find this information that could be hugely damaging. he is a highly political attorney general. stuart: do you ever think that we will get to the bottom of
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this? >> before he leaves, i would be surprised. not just on this, but on a host of issues. they are playing this off as a big conspiracy theory. it took paul ryan's tantrum to get this to cover it over the weekend. i am hopeful that we will get to the bottom of it. i think they deserve accountability. stuart: we want you back on the show this thursday at 12 noon so you can watch along with me a little monitor, germany versus usa.
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>> i think that that would be the most fun we have ever had on television. i think espn they have a slight problem with that, but it would be fun. stuart: we will see you thursday. thank you very much, indeed. find out why after this. ♪
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when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief,
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and it helps keep your mouth healthy, too. remember, while your medication is doing you good, a dry mouth isn't. biotene -- for people who suffer from dry mouth. ♪ >> welcome back to party and company. tesla's stock is up today. hinder will use teslas newly updated patent. they are trying to move the company to the states. tesla is up nearly 4%. another down day for coach. over the course of the next year. they are losing out to brands like michael kors. stocks hit a new low. take a look at shares of coach.
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googled developers conference on wednesday. definitely a bigger focus on hardware this year. ♪
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stuart: monday lunchtime. here is the real halftime report. nicole petallides, cheryl and liz both here. when will the dow hit 17,000
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then what happens? >> i think we will see the dow hit 17,000 this week. generally what you see is they act almost like a magnet. it will probably tread water for a little while. that outlook remains very positive. >> glad to have you as a part of the real halftime report. staying will not be leaving most of his fortune to his children. >> this is the kind of thing that parents grapple with. the question is whether or not the grammy award winner will give his math fortune to his children. he says no. he has six children. they are spending most of the
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money now. he is not giving his fortune to them. i do not know. stuart: no. i've got six children. all of them have a good strong work ethic. they all get it when i pass away. >> call up your buddy staying. stuart: cheryl, you watch housing for us. cheryl: number two, let's talk about housing. existing home sales, 90% of the current market. down 5% year over year.
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a first-time buyer is still not there. the first time buyer fell month over month. they are stuck with more than a trillion dollars of student debt. stuart: all right. we do hear you. >> economists have been dismissing this. tuition has doubled since 2007. eight percentage points since 2004. trillions into the housing market. watch out. college students are graduating with a lot of debt. stuart: back to you, tom. you like gold mining stocks right now. >> basically what we are seeing is inflation starting to tick higher.
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statistical inflation is starting to rise. that is what the markets watch. gold miners offer big-time leverage to that increase. it could make you a very healthy return. 20% from current levels very easily. stuart: thank you. that concludes the real halftime report. dispersed. >> hammered by 16. they are a survivor. this company started in the
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60s. >> it has managed to stay relevant. we think it is doing some slight stuff. stuart: okay. that's smart. that is another one i am doing. your picks for the week. >> i think people are forgetting how much people love their pets. it is a $37 billion industry. some fear that everyone will start buying pet stuff online. petsmart gets about 12% of their revenue from services. grooming, training, boarding. stuart: well done. it always happens. you feature stock. the thing goes up. stuart: thank you very much, indeed. kensington power.
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the home of prince william and the duchess. here is a new story. the details next. ♪ are the largest targets in the world, for every hacker, crook and nuisance in the world. but systems policed by hp's cyber security team are constantly monitored for threats. outside and in. that's why hp reports and helps neutralize more intrusions than anyone... in the world. if hp security solutions can help keep the world's largest organizations safe, they can keep yours safe, too. make it matter.
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stuart: new digs for prince william and duchess kate. >> the kensington palace. this is apartment 1 a. it is $6.8 billion. a huge debate right now amber attends about whether or not they should be paying for the refurbishment. it needed a new roof.ded to be r asbestos. they had to overhaul all of the electrical components of the apartment. they paid for their furnishings. the big debate is whether or not the taxpayers there should be paying for this. stuart: the palace itself belongs to the crowd. not the royal family. the taxpayer.
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if they need to renovate this palace, then they will foot the bill. british people get far more out of royalty. they pay for themselves, many times over. >> my opinion -- i actually do agree. >> talking about the economic power. >> you have to have a monarchy. >> do it right here. >> they are very much loved.
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stuart: are we in agreement? >> i think that we all are. stuart: my take is next. ♪ ♪
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[ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪
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stuart: we want you back on the show thursday at 12 noon for the entire irc can watch along with me and little monitor at the top of the studio to watch germany versus usa. >> that would be the most fun i ever had on television. just sat around and did running commentary. i am sure espn might have a slight problem with that, but it would be fun. stuart: it might be my last day on television. cheryl, you are going to be watching? >> absolutely. i want to be able to look up and tell what is happening. you're going to know usa just scored.
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stuart: cheryl casone soccer correspondent for "varney & company." my time is up, deirdre, it is yours. deirdre: some say yes, some say no. the potential upside and downside of investing in your up right now, but more locally four and half billion dollars infrastructure project in new york city. i will take you on my trip 12 stories underground to the future of second avenue subway line. and an alternative alternative investment. the auction of a very famous viola making it perhaps the most expensive instrument in the world. we will have it all for you. numerous headlines to cover first, ukrainian authorities accusing pro-russia separatists of blatantly disregarding the unilateral cease-fire. the eu imposing sanctions, spain unveiling broad tax cuts, the eu

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