tv Varney Company FOX Business July 1, 2014 11:00am-1:01pm EDT
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>> rate. >> the question is, will it take off in the u.s.? >> it is already becoming more popular. >> kareem of jewel jabar -- kareem abdul-jabbar. >> could not find it on the tv. now, he can find it anywhere. maria: that is why productivity and volume goes down. it is time for "varney & company." thank you for watching us. have a great show. charles: 17,000. all this news.
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charles: kaylee, what do you make of the comic? >> you can only come up with this if you work at the times. he is writing our economics textbook. he could say something as naïvely as this statement. >> i think that the caffeine is doing okay. >> we have to do better than 4% for the rest of the year. it just does not make any sense.
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simply doing away with the congress. this is starting to remind me of the days of just before crop oils revolution. charles: there is another sign in this economy. >> it is quite simple. lots of benefits for people. immigration policy has been a flat-out open door. if you get inside the country, past the border and do not break any laws, i am not throwing you out. other people who are basically willing to work for less.
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sooner or later, these people will have children who become citizens. this is his way of this in franchising those people who would vote for them or at least turning them into clients and putting them on welfare programs. charles: people are paid not to work. so many jobs were americans that i don't want it. >> that is absolutely right. encouraging people not to work because they have another entitlement coming into their pocketbooks. >> i guess they could call it the chill out economy. days right before what we see.
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small business owners saying we cannot get the locals to take these jobs. >> i do think that immigration is good for the economy. charles: i will not debate you on that. the court says that businesses do have freedom of religion kaylee is still with us. >> i do not think that it will work. they will give you a free printer and -- free birth control, i think they are smarter than not.
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charles: it just has not worked. >> it has absolutely made it weaker. boys are not doing very well in school thanks to the within that realm of schools. i am under considerable pressure to even up things only 40% degrees two boys. as for this war on women, birth control is very inexpensive. really quite accessible.
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>> it is about religion in america. religion tends to be more conservative. it tends to have more core value. remember. help me change america. he sure is making those kinds of changes. welcome to southeastern europe. charles: they have a lot of fun there, too, though. >> if you want to take that point of view, let's all go to florida. [laughter] charles: kaylee, there are some argument about within transitioning from girls to teenagers into adulthood, somewhere along the line there is something wrong with this system.
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they have weathered this for session. many women make the choice to go home and raise their children. it is reflective of a woman who chooses to stay home. women are not victims. charles: facebook shared their information. a lot of these technology companies. they are starting to share their diversity. you are saying that there is something wrong with the system. >> exactly. i think it is absolutely reflect this. >> it is mostly men.
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unless you will force women, you cannot even things up. >> this battle, and we ignore this for another two years? >> we will have to. in this century, the growth rate has been 1.7%. through the reagan and clinton years, it was twice that. indigenous americans have lost employment. they have 100,000 fewer jobs than they did in the year 2000. sooner or later, someone has to
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earn a living? charles: thank you. time is money. world cup fever. team usa taking on belgium earlier. we will talk to someone that will actually be at the game next hour. the ride sharing service dropping. 45% cheaper than taking a taxi in the bay area. the most american vehicle. the top-selling vehicle in our country for a very long time. the supreme court ruling that home healthcare workers cannot be forced to pay union dues. the one who is calling this the most simple blow to the labor movement in history. ♪
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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,
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♪ charles: rally gathering a little steam. you can almost feel it. gold also having a pretty good day. let's check the price of oil. pretty quiet news out of the north east. you cannot stop go pro. shares of yet again. another eight team percent. anyway, this is a monster. often criticized for pushing global warming. again, it has flip-flopped. you guys remember all the hoopla from that. that is climate change. >> the first time we have seen it, climate change crowd.
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the facts are that there is no consistent in the community. you'll you will never hear it from the left. when they are wrong, they manipulate data. charles: not prepared to what we have now. absolutely ridiculous. try to find that story in any mainstream outlet. how much does this ruling hurt organized labor? >> it is not the blow that they are afraid of. the president that allows public
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sector workers to be allowed to pay union dues. it means that potentially thousands of members could lead the union because they now have the right to do that. charles: the trends that we have seen over the last decade or so. it does feel like the unions are taking off by their fingertips. >> they are taking a number of different blows. the supreme court decision could have been a whole lot worse for them. charles: what would that have looked like? >> they could have all public
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sector employees. they would simply be able to quit the union and not have to pay it any membership dues anymore. that may not sound like a lot of people. 7 million work for the government. theoretically, half of organized labor could have simply walked away from the movement. >> this was discussed significantly. justice spent most making the case against. the problem is these workers were not really state employees in the first place. it was not really at issue in this case.
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>> if you keep -- >> two great interviews yesterday. you really just never know who will drop by here. now let's take a look at this ipo today. very nice debut. why the spinoff? >> we are here to tell an exciting story. >> we have separated our business. a lot of energy and the investor base. people are charging hard. we are feeling pretty good at where we are right now.
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u.s. steel is taken off the dow. now off the essence be. >> we have a great story. it is in the niche of the niche of the niche of the industry. special bar quality. that is why i believe we can create value as an independent steel company. >> i take a look at reagan how. the base industrial indexes will give you a pretty good feel for how we will perform. >> the accounts of god nothing but higher. how are you feeling about the overall economy?
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>> the bill rates are very positive. we are seeing it over detroit. everything seems to be hitting on all cylinders right now. we are very optimistic. charles: congratulations. we will see you soon. chances are, we have all been there. i want you to listen to how one truck driver actually turned the table on a state trooper. >> you honked at me because you believe i was speeding? if i am going 70 miles per hour. >> you were not going 70. you were going well above 70.
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charles: this trooper, see what happened when he returned from his squad card. >> it looks like you got a ticket recently. i did not write you a ticket. you are just trying to help me drive safely. i understand that. >> you have to be held accountable for the same standards that i am. >> we all have to look out for each other out here. look at what happened when they know you are recording. charles: this is what happens when you have the capability of recording things on cell phones.
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>> absolutely. charles: could this also work in reverse? >> the cell phone and there is a lot of power that comes with it. you just have to assume at all times that you could be taped, you could be filmed. >> very embarrassing. power plants have been big domes of power attacks. the real cyber threat that we should be worried about and also the irs says we actually have a hacker that is willing to help. he is next. ♪
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charles: according to a harvard study, 24 million households between 2015 and 2025. they cannot do this until they get out of their parents basement. >> yes. 60% are still relying on their parents. charles: just the idea that they have the option of living in their parents basements. for older generations, that is an amazing thing. many hit the road at 18 or nine team. some people think it actually backfires that they get to chill out with mom and dad.
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>> we have a president that is not making their lives easy. it was $430. my dad and i are shocked. [laughter] charles: let's talk about the idea that millennial's will fall in love and get a job. do what every generation before them did. it feels like this is a group that wants to live in the city forever. can they be like previous generations and want to move a little bit away? >> i think that it is partly that. you look at the housing market. people delay life decisions. a compound this already their attitude.
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let's take a look at twitter. he helped make the company public. people like this move a lot. joining us now from buffalo. it is hard for anyone to even imagine. >> yes. what the hackers are able to do is they target the power plants as well as the actual distributors. the company would go to update their software. they would be downloading malicious software. we found over 1000 power plants were actually compromised.
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charles: are these what they call sort of soft attacks? >> it is actually a little out of character. it is a little bit out of context for russia. it may be a little bit of a conflict. they are looking at our power grid infrastructure. they have the ability to actually shut down large portions. charles: whether it is russia or some other group, we are extraordinary vulnerable. >> that is absolutely right, charles.
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we are talking about technology dating from the 60s and 70s that have not been upgraded. we have a lot of catching up to do. charles: every time we hear the story, it gets worse, not better. let's say the hard drive was destroyed. could you guys actually retrieve the e-mails? >> there is an offer out there. we will help with the irs to recover them. what is interesting is if you look at how a network is set up, a hard drive crash should not have any type of impact on the ability to recover e-mails. the case of the irs, they have
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over a $2 billion budget. you have the servers that house your whole situation. you have the ability to recover the e-mails. really alarming to. >> kids at home, do not try that. all right. before you go, a government watch dog. the information about the obamacare situation. how much will it cost to fix this thing? >> we will see this for years and years. it is not including all the it problems that they had. now you have all of these back and components.
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they were able to weave through 200,000. there are a lot of problems on the backend. they are still trying to stabilize. we are looking at multiple years before we see it. charles: david kennedy, we covered a lot of ground. thanks a lot. charles: summer is finally here. we actually have one lived out side. ♪ really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention.
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there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business. there was like an eruption on my skin. i had no idea i had shingles. red and puffy and itchy and burning. i'd lift my arm and the pain back here was excruciating. i couldn't lift my arms to drum or to dance. when i was drumming and moving my rib cage and my arms like this it hurt across here. when i went to the doctor and said what's happening to me his first question was "did you have chickenpox?" i didn't even really know what shingles was.
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i thought it was something that, you know, old people got. i didn't want to have clothes on. i didn't want to have clothes off. if someone asked me "let's go dancing" that would have been impossible. >> news about of france. sarkozy has been detained and is being questioned by financial investigators. x in exchange for information about the investigation. the presidency in 2017.
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twitter is buying a new york advertising company. as of now, twitter did not disclose a price. a retargeting strategy to target users to look at apps they have previously downloaded did also rolling out abs for mobile app installation. midtown manhattan. charles will think about buying it. we will take a look at that next. ♪
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>> won't come back to farney and company. i am nicole petallides. we are looking at urban outfitters. down 1.6%. 33.31. web bush cut it price target today. they are seeing incremental promotions on items at anthropology. with that, that could mean a sales slowdown. basically saying if they continue with these promotions, it may not be good news. it could turn increasingly negative. cutting the price target from $37. the stock year to date is down 10%. we are going outside with charles payne. i think that you should take it for a spin. i think that i should be on it with you. we will test it out.
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charles: the first is me and you, nicole. here we are outside. we are with dusty mccoy. i have always wanted a boat. i am a boat guy. i always thought it was somewhat out of my reach. i think a lot of americans feel that way. >> this boat is $12,600. charles: the whole thing? >> yes. we work hard to keep the cost down in order to get young people in the boat. charles: this can fit quite a few people in here. >> this can comfortably fit six people. charles: and one of me. [laughter] on the upper end, whether it is furniture, clothes, jewelry, rich people find a whole lot of stuff. >> as you may know, we make
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different links with all of these great engines back here. as fast as we can make them. then we get to the polls that are more family oriented. fishing. couples with kids. those are also doing very good. charles: what you are trying to do is go after the millennial's now. we are always talking about the millennial's. millennial's moving out of the city into the suburbs. >> absolutely. we are very focused on making it easy. easy to use. durable. easy to maintain. charles: i have heard, that they
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cost a lot of money to maintain. wait until you get a boat. >> you deem to do no work your entire life. and, we have been very focused. charles: i was reading the details on this. it is less than 13 grand. you guys also have a payment system. >> you can buy this boat for less than most people's cell phone payments. [laughter] charles: how long has this been going on? what is the initial reaction?
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>> a year and a half ago and the initial reaction has been great. charles: anything to do with the sales? >> absolutely not. there have been dropped for several years. that is probably the big driver. charles: you guys may think that people do not necessarily have to have it. when your company starts to do well, it usually points to the fact that maybe people are feeling more confident. is that the case? >> we do not make anything that anyone needs, but we make things that people want. >> we are doing fine. we are living in this economy very well. charles: kind of slow and
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jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life.
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boss to change her work schedule because the cost of commuting was costing her so much. he changed her hours and her responsibilities without talking to her. suing again. there is some sort of illness or discrimination thing going on here. it is ridiculous. >> it is absolutely ridiculous. this is crazy. >> every worker out there that commutes to work and sit in rush hour traffic says while i should use an excuse like this so i can get better hours, two. your boss does not tell you to live so far from work. see if your boss will let you telecommute.
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charles: or just come at you know what, just do it like everyone else does. i just leave earlier. i just hate traffic. >> and then you hear about lawsuits like this. this woman loses and she pays legal bills. you hear a lot of stories like this. >> she was out for depression reasons. changing her responsibilities, maybe they were making it easier. charles: you are already not commuting. you have a different time. it is stress free. you still want everything. again, you have someone who made a good gesture. either take it or leave it. one or the other. i will meet you in court. >> find a job. move houses. there are many options open.
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stuart: knew this hour, new content for yahoo and the fight for streaming viewers. keeping alive a popular comedy called "community." now helping you find someone tomorrow your lawn and plow your driveway. and the hobby lobby case wasn't about religious freedom or women's health. and a crisis in new jersey forces chris christie to back out on a promise and we could ct ignore the world cup today. a big day for team usa. the second hour coming right up.
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stuart: that with a clip from pope favorite comedy cancelled by nbc due to low ratings just got picked up by yahoo bringing new episodes streaming online. watch when you want to watch, one of the advantages yahoo has in error in "community." >> this is huge both for the fans, devastated to lose a series they love so much and
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yahoo making a play are. stuart: we hear it is getting more crowded this instance has to be a part of business model now for a lot of these on the internet need some sort of streaming original content to be a competitor. >> we saw this from netflix, and that launched into the series of original content, it is something everyone in the internet looking to make a streaming play is looking at original content so i am not surprised to see this but i'm happy for a lot of my fans of "community." stuart: you seem bubbly about it. did you watch it? >> i am. joel mchale is funny. i heard about it getting cancelled, and it is resurrected and new life, think that is wonderful for lots of fans.
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stuart: these shows are not cheap even with netflix we don't do homage my are making or losing with streaming content. i know initially there is some excitement about this at some point it has to be profitable too, right? >> it does. they're looking to create a larger streaming play. they're also talking but perhaps making a youtube competitor on yahoo and their lock like that l with hbo. this is one of the metal get a lot of buzz and helped propel the others, i think. stuart: yahoo may need a little buzz these days. let's check the shares of apple. of $1.93, target of $100 or more. tech blog boy genius put out a report where they are claiming there are leaked pictures of the new iphone, bigger, a curved
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screen so is this really a big deal? >> this is latest in a series of leaks photos, but an undisclosed source has had their hands on one of the models and this seems to be closer than any they have seen before compared to what they believe will be released in september with the new iphone. curved, not the diamond cut. end-to-end screen. stuart: anybody could get this, with resume to leave it on the bar counter. >> by a few shots. i don't know, clearly you are looking at those pictures now, looks a lot like a samsung. it is going to be interesting in the future will people say that looks like an iphone with that looks like a samsung. it'll be an interesting
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marketing play for apple. stuart: apple doesn't want to look like it is following the leader. >> it will be interesting. stuart: we will show twitter having an amazing session so far. the majority of this is because they have anthony from goldman sachs, people love this guy, they brought hi on board aa cfo, and a new feature on the website starting to make the rounds, buy it now. how are they going to make money on this, is this some sort of a test run here? >> he buttons appeared yesterday but when you click on them or when reporters were clicking on them, they were not going anywhere. so we have seen twitter do this before comics preventing with newcomers options and i think it is good news for investors. folks like social radar, this is benefiting those that want people to take action directly
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from twitter and i think it is a good thing for investors and for the company and for consumers. i see something i want, i can click it and buy it from the screen. stuart: twitte twitter extra ory successful especially like the world cup, major news events around the world happening everybody goes to twitter as their news feed but making money has been something of a challenge. >> it has been. people used to seeing the ads on twitter and the pictures that show up with your newsfeed so this won't be an anymore did destructions. they have not released it yet, just something leaked yesterday, so hopefully in the next few months we will see this as an option. stuart: your world never stops moving. technology changes every sunday and you always seem to be on top of it. >> thanks, charles, it keeps us
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on our toes. charles: and you keep us on top of it. if it anything to quibble about going to be a light volume. we are 40 points away from 17,000. the s&p 500 is trading at a new record high. the 10-year still below the 2.6% mark edging a little higher this morning. netflix is up thanks and upgrade by goldman sachs. a target in 300, now over $500 per share. gopro has been an absolute monster. they should have put a gopro camera on the stock. look at where it is now, up 100% since then. automobile sales are out, general motors. forford somewhat of a disappointment. how are the stock handling this? nicole: very interesting. we will look at general motors and ford in particular.
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while some people may have been worried about what general motors is doing and if people are worried about all the recalls and the like. though they have recalled .9 million cars this year, latest numbers show a surprise increase in the numbers. that is great news for them, june was the third strong month in a row for gm say it was their best june in seven years. buick, gmc brand delivering double-digit sales increases, great news for gm. ford actually saw a decline of 5.8% last month, and while the focus did well, those tried to offset the weakness and the other models, ford fiesta and taurus. they helped to keep them close, but numbers were weaker.
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charles: really quick, it is happening, all of these people are ringing he backed the car because of the recall and being talked into buying other cars, the ultimate turning lemons into lemonade for general motors for me. >nicole: and automobile salesman said exactly that. charles: we do have a triple digit rally going on closing in very closely at 17,000, but you say the rally really has nothing to do with the economy. >> no, i don't get we talk about this as a market for recovery. i don't think it is a recovery, recoveries are dead independent. our market continues to ignore that, so what we really have here is an expansion. they depend upon the fed to be there. how in the world do we have spain calling themselves coming out of a recession with 25%
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unemployment, 54% unemployment for the use. the 10-year bond was deemed a better risk than the u.s. 10-year bond. charles: i was going to say manufacturing data out of spain was the best in 84 months this morning. i like the idea of what you're talking about because this data, there is also the expectations element to it as well. >> yes, that is true. and the biggest for the year for the first half of the year. we do have expectations and those expectations are what we're looking at against what actually comes out, but i would still say this. we are not seeing a lot of those people benefiting this rally. i am not trying to propagate this rich versus poor or disparity argument because i do think there has been some good things done but at the end of the day we are having a
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two-tiered recovery, the market is not representative of what is happening an hour south of chicago and an hour south of the jersey. nothing has changed for those people since 2009. we have taken this market prices so high, when and if we run out of arrows in the quiver, who is going to be there to buy the stocks on the way down? charles: we will pick it up again next time. the ruling on hobby lobby says businesses have freedom of religion and cannot be forced to provide birth control if it goes against their own religious beliefs. many are calling this a war on women. listen. >> i am disturbed five male supreme court justices would state in a ruling that. termination against women specifically is not really discrimination in this country. charles: lucy caldwell joins us now from phoenix. it didn't take long for this to become a political rally cry, did it?
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>> absolutely. the hobby lobby decision does not reflect the war on women, it reflects a victory for all women. reality is there is no war on women, this is a victory for religious freedom and yesterday was a good victory, albeit a small one, in the fight to defeat bad health care law. charles: a lot of people say all the women were the centers and all the people who said it was okay in the supreme court where men. disconnect for women, no regard for women, clearly antagonistic of women. >> again, poll after poll shows political rhetoric is not reality. they can call this a war on women but the reality is americans polled to not feel there is a war on women.
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i do want to go back to the fact the hobby lobby decision, we are excited about it, but yesterday with a day of celebration, today is a day to fight the truly scary provisions of this law. one of those is a panel that will rationale our care[wñ calld the independent payment advisory board. that is important, but right now people are worried about access to birth control. let's flash forward with access to a triple bypass surgery. some of the medical care we truly need that we will be locked out of getting under this new health care law. charles: are there any cases making their way through the court system that address the aspect? >> the goldwater institute where i work has a lawsuit for the advisory board because the panel by and large has no respect for separation of powers, checks and balances, things that are quarter starnecornerstones of o.
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under the federal health care law we are not just about medicare reimbursement rates or coverage for people on government health care. the federal health care law empowers the independent advisory board taking even for private insurance, even for you and me. charles: that cuts across men and women, to be interesting to see what the reaction is going to be to that. we appreciate it. >> thank you very much be at charles: coming up next, dr. many ways and on the hobby lobby case. what about women who need the drugs for other medical reasons other than contraception? that is after the break. if you had chickenpox, the shingles virus is already inside you. you should know that 1 in 3 people will get shingles in their lifetime.
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the numbers are impressive.y to new york state. 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. 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.
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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. charles: obamacare cost a lot more than you think. one harbor professional puts a price take at $800 billion per year. you have more numbers and of course they don't bode well for the economy. >> we have seen a lot of media reports saying obamacare health reform has been great, lowered health insurance premiums. not well-rounded coverage because economies are looking at and studying the issue. they are wondering why gdp tanked how they're wondering if it is due to health reform,
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they're wondering of it is the health reform taxes that kicked in the beginning of the year. when you see the 800 million per year, you see the cost of obamacare is going to be over the next decade or so. charles: to your point it feels sometimes when the cbo talks about obamacare, they're trying not to let out the worst-case scenario for whatever reason. it almost feels like they understand the responsibility not to come down too hard. >> to have it coming at them in real-time. but what these guys are saying is already from the get-go health reform has the mandate that hits employers, your workforce is above 50 or more, and you have to pay the mandate tax or your workers work and number of hours, you will be hit with mandates. that effect is what they're saying now a dragon the economy which we have been saying since last year based on the federal reserve district data.
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charles: and this other thing called common sense. really coming think about it, hard not to mention is taking a huge chunk out of our economy. >> it is another look at it. charles: a supreme court decision that says businesses cannot be forced to provide birth control because of religious belief they have medical conferences for women because many women take contraceptives for other reasons other than birth control. dr. manny alvarez here to break it down. >> the angle is a very important angle. i am a puppet right now of the government, a puppet of bureaucrats coming out with policies telling doctors how to practice, i understand the reasoning behind the supreme court because i'm sick and tired of the obama administration imposing rules especially on religious freedom, i get that. but the misnomer here is birth control pills. these are medications, they are hormones and we doctor, yes, use
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them primarily for contracepti contraception, but 25% chance we may need to use them for medical treatment. many medical treatments we have use for it. when the heavy irregularities and trying to get pregnant we use birth control pills. the same thing for the treatment of endometriosis. is it problem with women reproduction. they could lead to surgery and infertility. we doctors are puppets in america, we don't have any say about anything regarding science be at charles: when you say 25%, that is millions of women we are talking about. >> of course. any female who has gone to a gynecologist depending on what her symptoms have been i am sure
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many have said listen, we will put you on a trial birth control for six months and see how you feel. this is medical practice, which again, all of this debate. again, i am for the decision because i don't want government telling people what they must do based on religious conviction. but we are leaving the science out the window one more time where doctors have nothing to say. "the american medical association," no big deal. charles: hobby lobby was offered up to a dozen types of contraceptive products to their employees. >> going into those types, the morning-after pill is specifically for that. a type of contraception for emergency things. but the typical birth control pill into itself is a medication and does have applications beyond the point of contraception.
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charles: not too many stocks in a thousand dollars club but look at priceline. and hitting a new high earlier, the company decided to sell the coffee name brand and k cups. the doctors at the university have made a major breakthrough in the development of 3d printing oregon's. they have finally been able to print the tiny blood vessels needed to keep them alive. so what does this mean? >> 3d technology is the future of medicine because with 3d models you can create oregon's, creating organs is something regenerative medicine.
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for there is a kidney, liver, something like that, skin. 3d technology allows for you to not only make models, the key is how to embed vessels in a liver to bring nutrients to those tissues. the technology is able to have that sophistication and create the models because that is the way of the future. >> you are so smart. a quick comment on the birth control discussion. i have one thing to say, i live to entertain both of you and the good doctor. if man could get pregnant they would be a four-day work week and chocolate covered add bill already in the market. a three day work week. but getting back to this, if you could create three-da create 3dt
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capillaries and organs, this is a game-changer, right? >> absolutely. one problem is we don't have enough organs. it has been blessethe transplant have enough organs. my prediction is in 10 years from now you're going to have a tremendous amount of organs coming from 3d technology, stem cell research, reengineering of those cells where people can get what they need. charles: that will be a true godsend. >> absolutely be at science, imagine that. charles: them as if you want your lawn mowed in the summer or your driveway plowed in the wintertime. now there is an app for that. another one of those cool developments in the sharing economy. right here to tell us how it
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works. it is a great idea. >> we set out about eight months ago to develop the app. charles: what was the reason, what was the eureka moment that is something? >> when it snows, what are you going to do with the snow? they are not going to pick up their phone. when a customer places an order, it gets shot out to the providers and the closest provider will get that job. charles: will it be some kids trying to hustle? he is a great kid, we pay him extra money. can anybody get on this list to be called by a homeowner? >> we are very selective. they need to have half a million dollars in general liability insurance. the average business that works with us has been in business for about seven years.
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charles: i am in jersey, wanted the soprano kind of things. you may get a visit. you put some of those guys out of his busy new jersey. you may get a visit, that is all i am saying. >> we're giving them business within their existing route. paying them within 24 hours for thertheir no longer spending lae nights trying to collect bills, they're getting their money the next business day. >> what about gutter and chimney cleaning? could you do that? >> we are focusing on plowing and mowing. we will add leaf removal service coming up and even toying with other ideas such as water and plants. charles: you want to be uber the of this space. we have these harsh winters,
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they are so busy they don't need your helpcome up with a homeowner still needs somebody did you may have to get these kids hustling to make some money. >> a minneapolis we had over 100 providers. never had any problems with taking jobs. they had a really bad winter, we had guys 24 hours taking home an extra thousand dollars. charles: long-term contracts, a lot of people are going to chime in. congratulations, fantastic stuff. president christy tries to overhaul the system. does that mean any hope of christchrischristie being presin the drains? next. ♪
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take uber rather than a cab. one of the presidents of the cab company says in 18 months we can see the cap industry being out of business. one of the reasons they are lowering prices once again is to compete with a competitor and because they can be at $1.2 billion in funding, they have the money. they are disrupting the system and they are offering a better service and putting traditional business out of business. charles: i have to tell you, uber, they remind me of the roman empire. thanks a lot, lauren. new jersey governor chris christie signed a $32.5 billion state budget today be doing a bunch of tax hikes the democrats wanted and abandoning his plan to overhaul new jersey's pension system, all of this to cover revenue shortfall, so it is not looking good for 2016. all rise, judge andrew napolitano is here.
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chris christie saying my predecessors left me in this tough all i could not get out of it. >> he is in a very, very tight spot. he promised to reform the pension system, he is unable to do so without raising taxes because the economy is anemic in new jersey anyway and if you raise taxes on the productive people, the economy will go down even further. but there is a statute which requires him to make this payment. what kind of a signal does this send to the rest of us that we don't like? >> you're so smart about these things, the pensions going to hit us all as taxpayers contractually they have to make the payment. what is happening is new jersey has the second lowest. rating in the country.
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there is this trend where government pensions are being shifted and he just chopped it did of shifting it to 401(k) style projects. >> as a result of not making the pension plan. talking about $1.5 billion, new jersey bond rating will go lower, it will cost the state and principalities more interest every time they want to have to borrow the money so this is going to make things worse, not better. on the other hand in terms of his political aspirations, he has to pull a rabbit out of the hat. he has had nothing but bad news, some of it not in his making. charles: another tax hike is the last thing we want to hear. >> he has remained steadfast and will prevail on that because new jersey has a line item veto, so he can change the face of any legislation and they don't have
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the votes to overthrow him. charles: president obama speaking line items, using his power to get things done yet again, listen to what he said. >> the failure of house republicans to pass a darn bill is bad for our security, bad for our economy, and bad for our future. today i am beginning a new effort to fix as much of our immigration system as i can on my own. without congress. it covers will not do their job, at least we can do hours. >> there's a cartoon that shows professor obama at the university of chicago law school saying students i will tell you about the three branches of the federal government, me, myself and i. it is a great cartoon. here he goes again thinking he can write the loss on his own. he has what the law calls prosecutor discretion.
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he can make those decisions, but for him to exercise the discretion a way that has the opposite effect from what the law wants, when he tells people who are here illegally i'm going to tell you how to stay here and i won't prosecute you for being here illegally, he is not upholding his oath to enforce the laws. they should do something about it. charles: you heard about lawsuits from the republicans, there is some pushback on the imperialistic presidency that we have here, but also these executive orders from what i understand and what i know about history, it feels like a desperate attempt sometime this on the president has become a lame duck president. >> if, and it appears he will come if he loses the senate in november, he will really really be isolated and probably will see even more these things. >> so he double down. >> is a constitutional remedy for it.
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it is right there, it is called impeachment. if he is not doing his job, if it has the opposite effect, if the signal he sends immigrants says send your children over the border, we will take care of them, there has to be a stop. charles: there is no sign he will pull a bill clinton and moved to the middle. >> he would have done it already. >> you're right, he would have done it already and would be happy and popular instead of miserable and shunned like he appears to be. charles: gopro on fire since the ipo last week, so is now the time to buy? or should investors brace for a crash? the real halftime report coming up. when folks think about what they get from alaska,
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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. for that moment, where right place meets right time. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours.
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in 2017. and you are now free to fly about the world. southwest airlines officially flew its first international flight today to aruba. they will now offer flights to the caribbean and also jamaica as well as the book, christie southwest shares up 3%. will we see the market hit a high today? "the real halftime report" is next. to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪
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charles: time now for "the real halftime report." michael robinson san francisco and emac right here. should we brace for a crash in this one? >> i'm not worried about a crash, but i would not get in right now be it up 5% in no time. i'm a disciplined investor, i love ipo market, but when you try to get on something like this, you don't want to be the last one in and watch it go down. i would make a different play. >> holy macro. >charles: twitter has a pretty good day itself. twitter, take pu twitter publics a matter of fact, what do you make of this whole thing?
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>> i missed it in what anthony has said. the cfo of the nfl. he has pretty good track record with investment banking, bringing social media stocks to get goldman sachs to beat morgan stanley, that is the beat on the street. when you read what he is saying, don't want to be just a numbers guy kind of cfo accountant, i want to talk strategy and deploying capital. charles: the stock is up a lot more. shifting gears slightly, it picks up this called community. back to you. would you buy yahoo after this news? >> the fourth biggest franchise
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in the online space, a market where the millennials are watching on laptop and handheld and things like that, they don't watch traditional tv. this is not the single catalyst i am looking for today to make that buy right now. charles: we did this like four years ago. it doesn't work. talking about chinese website jd.com, full disclosure, my subscribers own this stocks, it is hitting a new all-time high. nicole: you're going to have to take away both privileges once you get it. up 4.3%, so many of the analysts today coming out with very positive comments, they think they are growing fast, they love they have fulfillment centers nationwide, a drug sale e-commerce company and they provide faster delivery and other companies, and they are
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happy to provide so much of it in house as opposed to dishing out. charles: breaking to a double top. get back to you, mike. really good news out of the gate. >> it could be today, and long-term bull market. at least it is stable. a lot of cash flowing into this market. charles: you guys are all fantastic. that is it for today's "the real halftime report." so they go easy on the world cup coverage now that stuart is on vacation but team usa is playing today so we cannot ignore that. wthey will talk to somebody at the game right after the break.
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charles: we made it almost a full two hours without talking about the world cup but it is hard to ignore the big game between u.s. and belgium today. the "wall street journal" senior sports writer joins us on the phone from brazil. set the scene for us. >> we are off in salvador in the northeast of the country. it is blazing hot here right now, it will be a warm sufferi suffering, suffer-filled game. people are excited, it is a winnable game for the u.s. it is going to be tight. charles: are you seeing a lot of red, white, and blue down there? anybody else jumping on the bandwagon? >> you hear about it, from the u.s. i like your team, have not seen the groundswell jumping on the bandwagon yet.
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maybe that will come, but they have their own seating to worry about. charles: a lot of us are just be introduced to the sport. is this win or go home? >> yes. 16 teams made it to the knockout round, now most of those games have been played at this point. argentina is playing switzerland right now, the u.s. is going to play belgium. the winner moves on, the loser goes home. charles: have a good time, thanks. we hear you viewers. "wall street journal" reports 40% of americans don't care about it at all. but ashley webster is not one of them. whether people care or not, this world cup is still big money. >> it is huge money, charles. i am glad the u.s. is finally getting this excitement that
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comes with the world cup every four years like the olympics. it does mean big business. this is a signature boot, $220 it will put you back. you would look great in this. or and argentina shirt. look at the numbers, the sports apparel companies, adidas, 2.8, $2.9 billion they expect from soccer sales alone this year. that's huge. nike earning $1.9 billion last year, both have invested very heavily in this and it is paying off because of all of this excitement. it has been a great world cup, folks at the u.s. have gotten to the u.s knockout stages. we are inside the store by the screen showing the football game. 20 or so people just crowded around the screen. i don't care what the surveys say, this could be a watershed
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moment for soccer in the united states. charles: a quick question for you. >> weren't you a big soccer star back in england? are you doing some shopping down there? >> we don't have any stars, they went home. being a u.s. citizen, i am all with the u.s. of course, but they will have a tough game today, but you never know. if they get through, they will play the winners of argentina and switzerland so we do not want to see these shirts. charles: very nice shirt, but do they have my size? [laughter] >> may be, charles. what is that? mexico got knocked out in heartbreaking fashion, but this is the top selling shirt in the store. go figure. charles: think about your buddy. thanks a lot.
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>> constitutional revenue. pink because the tuition remedy is called impeachment. if he is not doing his job. it is failures to enforce the law is having the opposite effect of what he is supposed to come if the signal the sense to emigrants says send your children over the border, we will take care of them -- charles: that is what the judge had to say about president obama sidestepping congress to get the job done when it comes to immigration. we will hear your take on the rest of the show. kathy had this to say about paul krugman saying 2014 would be a year the country heads in the right direction quote that either he is delusional or merely spouting the progressive party propaganda in hopes that it will still be believed or may i suggest both? real quick, are you going to
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watch the game? >> no. i'm going to take a nap. dierdre: liz macdonald didn't say what was soccer because then we would have to have a brief conversation. thank you very much. gm reporting a sale, increase in june better than forecast. most analysts looking for of decline, former chrysler chief will tell me what he thinks of gm's latest recall of 8 million vehicles, what ceo mary straitat a needs to do. a russian hacker attacking energy companies in the u.s. and europe. cybersecurity experts say they may be capable of disrupting power supplies by exclusive conversation with a security company founder john mcafee shortly and more changes in twitter. the goldman sachs bank that held to go public is the micro
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