tv Varney Company FOX Business July 7, 2014 11:00am-1:01pm EDT
11:00 am
"varney & company." charles, it is all yours, sir. charles: hi, i am charles payne in for stuart. here are the big stories for this monday morning. the holiday weekend cooling-off, the market is pulling back tod today. even making the case for dow 15,000. and million for green energy, but as it turns out he has made some big bets and could he can make more mon money. the next big bailout, pension plans. coming up, $50 billion more in just the next two years in a story ready for the judge. turns out the nsa looking at every american's e-mail stored even after the court was concluded, they were useless for national security. two hours of "varney & company" start right now. ♪
11:01 am
charles: all right, little bit of a rock rocky start right her. the dow off 72 points, back below 17,000. the s&p 500 also at a record coming into the session down eight points, almost half a percent. gold got hit friday with the jobs numbers still pulling back another ful $4. the 10-year was the thing to watch, the yield unchanged, go pro has been on fire since going public. today the options stock trading up almost $1. and impact in the stock positively up about $0.29. shares of gt advanced, subscribers still in it, but getting hammered this morning. nicole, what is going on?
11:02 am
nicole: gt advanced technologies down 12% today. really getting hammered today. we make cover glass. it goes on the phones and the likes, it is extremely hard material. probably the second hardest behind the diamonds. with that, the idea here was they had a lot of growth potential, but inside sources saying the iphone 6 and the watch may not be using the sapphire glass and any substantial material way and so with that actually caught in the stock to a hold from a buy. that put the stock down about 12%. while sapphire glass is hot, it is not as hot as they had hoped. charles: when you see those kind of integration problems with these names, not necessarily surprised. thanks a lot, nicole. the immigration crisis continues and it is getting worse as they hope to become american citizens, the number of younger
11:03 am
immigrants who have reportedly been deported have fallen sharply since the bush administration. last year president bush saw a thousand 143 departed a mack deported in the last year. 1639. 33 lawmakers have sent a letter to president obama urging him to end his deferred action. the program here is we call on you to mingle in the failed policies requiring individuals put themselves in peril leave their home country and make the journey to enter our country illegally. the congressman joins us now. all right, congressman, you are one of the 33 republicans that signed the letter. did anybody from the democratic side sign the letter? >> i don't think so. arch the republicans.
11:04 am
charles: what is the purpose of the letter? i think we all kind of know what is at stake, but one thing that i saw was the idea of these young children moved from the country in part as sort of a wink, wink on the associations part. >> that is right. the message is very simple, it says to the president to your job. your job is to enforce the law, if you are not enforcing the law, if you're creating essentially what is amnesty, it becomes an incentive for people to come to the united states illegally. this is a hard issue, a very human issue, we don't need to make it political, but hard issues require hard answers. when did the to stand up and say we have a system of laws in the united states, if we have to send people back, let's leave them with a pamphlet on how to immigrate legally.
11:05 am
open borders is not the answer and until the president stands up and states that unequivocally, we will continue to see the crisis on the border that we are seeing right now. charles: they seem to be ambivalent of what they're going to do from this, we do get the border security and all of that, but by the same token nothing is concrete. do you find this is being politicized despite the fact none of us are where we wanted to be. a really good election 20 for the hispanic community. >> the president is playing politics with this. taunting the congress to do their job when it is his own failures to do the job, 2 million individuals come here illegally, due to kate removal orders. this is under a law that has been constitutionally enacted by
11:06 am
the congress, individuals have been each indicated, given a removal order, they have as possible each remove those individual individuals. remove those who have been improperly adjudicated. we have people who have come here legally request to become american citizens, they don't have a pathway right now. we can't just open the doors and give it to people insisting on breaking the law. the president has to do this job, stop prompting congress to do theirs. you now do yours. charles: is it possible without one party or the other having complete control, white house and senate of ever getting something done on this issue because it has lingered for a long time, it only seems to be getting worse, not that her. >> i think it is good what we
11:07 am
say for enforcing the law, that is not political, let's start with what we can agree on. we have lost that need to be an force. here's what i would like to see the congress stupid instead of a comprehensive bill that we can never build around it. let's bring a bill on border enforcement and let the house work its will, republicans and democrats. let's bring up a bill for newbies a technology and work its will. and an additional bill and let the con's work its will, and the number of people who are here illegally and determine among those 13 million, what are the different applications that need to be made because number one will be different from 13 million. let's start incrementally. i hope that is the direction we go. charles: i think that starts like a realistic idea. i wanted to shift topics. overall a huge positive the recovery is gaining steam. i want your thoughts on the obama administration policies thus far and where we are with respect to the recovery.
11:08 am
>> listen, america has the most resilient economy in the world, and rightfully so. we are a strong nation including our economy. we can do more though. overregulation, no people like to talk about it, but the fact is they crippled business and cripple job creation. we flatter and fair taxes, stop regulating, stop legislating and when it comes to our tax code we need comprehensive reform and here is why be at we have so many provisions of the tax code that expire annually and provide no picke particular to the busi. let's do away with that, implement and test code that businesses can rely on that is flatter and fair, reduces the corporate income tax and creates an environment for additional job creation and economic grow growth. charles: really appreciate your time this morning, we really
11:09 am
appreciate your answer to all the questions and hopefully we can see you again really soon. >> thank you for letting us be here, i really appreciate it. charles: our next guest says utilizing the technology is what businesses need to succeed. former paypal ceo joins us now. we really haven't heard the idea businesses need to implement this so much. we always think of it as a consumer thing, maybe consumers getting in with more of a fun thing, but you save may be central to business. >> particularly businesses who deal with consumers, the biggest change that has happened in the past five or 10 years is the adoption of technology. no longer a first mover kind of thing, it is mainstream, the wearables are not there yet. the google watch. this is the android watch.
11:10 am
six months from now, 12 months from us now, this will rapidly become something many people want and use. charles: is this part of the bring your own device sort of revolution that businesses have no choice? people are going to have watches and smartphones and tablets, everybody can't be on the same system. you have to cater to your beliefs in this case. >> it is the multi screen generation. i don't mean just young people, i mean everyone. how many people don't have a smart phone, computer, smart phone, usually people have an iphone or a tablet. soon they will have watches as well. if we are building services for people, we want to be where they wants to be at all times. charles: let's talk about the watch for a moment. but now it is your basic watch, standard, but what are the fun features on this that might make apple executives unable to sleep at night?
11:11 am
>> it tells time. charles: that is important. >> and it tracks your steps, keeps you fit, your e-mail and your text, and look at this, we built our own app for this. charles: you can build apps for this particular product. >> yes. because we are personal capital, we do financial management for people, we put your money right on the watch, and here it goes. okay, google, open personal capital. and then, boom, there is our application. charles: and you can see your account in real-time. >> you can see your index. we track your personal portfolio, and there it is. charles: what about the iwatc iwatch, it is coming soon. we know it is going to be big, what features by did have to make it a true game-changer a lot of people now say it is
11:12 am
going to be? >> it is style because as terrific as this is, it is still a black lump. we have to get smaller, more capable and something the rest of us will be willing to wear on a regular basis. charles: i am way behind, i'm still trying to get the eight track. >> i have some stuff u for you, there you go. as a matter of fact, here you go, give it a try. charles: all right, can i wear it to the rest of the day? >> you can have it. charles: no way, really? >> yeah. charles: bill, you always bring us the coolest stuff, thank you a lot. really appreciate it. new details on the nsa snooping scandal. you will not believe this, how many the targets for law-abiding citizens. the judge is on the case right after the break.
11:16 am
big board. somewhat of a sluggish start about 17,000, we will straddle that all day long. time now for your morning gold report. gold got hit last week on the jobs number still under pressure down $5.70 per day. still above 1300. continue to drift lower. from "the new york times," new york billionaire hedge fund manager says he will sell off all his investments and companies that generate fossil fuels. does "the new york times" the little bit of digging and found this out, examination of the investment shows even after highly publicized destin, the firm bankrolled tens of millions of tons of carbon pollution four years if not decades to come. liz, does this contradict his position as an environmentalist, 100 million on anyone who dare claims climate change isn't
11:17 am
real? >> does it undercut his credibility? yes? the fact the coal output from this hedge fund back coal plant was more than eight entire amount of coal produced by britain annually. these projects will be online for decades to come. spewing co2 and greenhouse gases in the atmosphere. charles: it is kind of weird hypocrisy where they become a billionaire on these investments and say i'm against them. it is crazy. >> they still had an investment, but now the news is breaking. during this before going full
11:18 am
bore. charles: made a lot of money around the world, the matter what. >> from china, indonesia, that is right. charles: for the rest of the world it is okay to have bad a air. the nsa snooped on the average internet user far more than the terrorist files provided by edward snowden showed nearly half the files containing names, e-mail addresses and a lot of other details nsa marked as belonging to u.s. citizens and residents. so all rise, judge andrew napolitano is. as it becomes official, it is somewhat shocking and disturbi disturbing. >> it puts the lie to the argument the nsa was not capturing content, it was only capturing metadata. the place at which called on the plays that received your call, from which he e-mailed and
11:19 am
receive your e-mail. it also puts life the claim edwards noted did not have access to the content of the e-mails. put aside that part, what did the "washington post" reveal? the "washington post" revealed for every four i and supposedly terrorist target that the nsa listened to the phone calls of and read the e-mails of, they did the same for nine non-terrorist american targets, innocent americans who got caught up in this. how does an innocent american get caught up in this? it is a great question. charles: glad you asked it. target talks to a, a talks to be, be talk to see, see talk to deviate this can go on to the six power.
11:20 am
so we are up 2f. after does not know target, has nothing to do with target, but under the rules under which the nsa operated, they can go to the 6 degrees of conversation. that is how the numbers get so far. the target tim can talk to the plumber, the sister, the brother-in-law, tosses his next-door neighbor who talk to his child. the child doesn't know anything about the target but all these people a through f have their photographs, their e-mails, their text messages and their phone calls, the contents of them scrutinized and analyzed by the nsa contrary to what they represent. >> quick question, are people, americans, regular innocent
11:21 am
americans by name identified in these? >> yes. "the washington post" did not print any identification. the nsa has been and edward snowden has them and the fbi has them. when they get a warrant to listen to the conversation and the spouse or the child whose conversation they really want to hear happens to make a phone call, the fbi erases that part of the tape immediately or they are supposed to. from my own experience, they follow that rule. not so with the nsa, they continue to examine this stuff. charles: this gets crazier and crazier. at some point i want to find out how the even pinpoint the original target, but before th that, i had to get to this other thing, they have filed a formal complaint with the federal trade commission about the study that we talked about many bleeding the newsfeeds to see how people
11:22 am
feel, to see what your emotions were all about. is that going to go anywhere? >> i hope it does. i would suggest mark files a class-action. facebook has a billion customers, the class would be enormous because this is a form of fraud. you look at facebook and you think those people are really liking you. you don't think it has been manipulated by the server in order to test your emotion. >> facebook with say the boilerplate template it has for all users indicate it is allowed to do things, i'm not supporting it or against it, i am just saying it has a disclaimer saying it is allowed to do things like this. >> i would guess that kind of a disclaimer would not hold water in the face of a formal experiment to see how elizabeth macdonald, charles payne or and napolitano reacted when suddenly everybody dislikes us.
11:23 am
11:24 am
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. 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. then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth.
11:27 am
charles: all right, a check on the big board. shattering records on thursday, giving some of that back. we are comfortably above thousand now. apple shares hitting a high at the recent stocks up from pacific press, almost everyone has a buy on it. targets all over $100 per share. doctors have made a major breakthrough in the development of 3d printed organs. they finally discovered a way to print the tiny blood vessels needed to keep 3d blood printed organs alive. helping us understand all of this. walk us through how this works. >> thank you, charles. what we have done is we have generated small blood vessels that can be bio printed. what we do is different from what i normally people would thk
11:28 am
about how we print blood vessels where we don't print cells, but the first print the whole in the blood vessel. we literally print the cavities and blood vessels and then what we can do is we can form the tissue around these cavities and once they are formed we can remove the cavity materials to generate the cavity that makes the blood vessel. charles: if i understand this, you're building the structure, and then the cells are built around the structure, once they are solidified, the structure is removed and it is biologically used to connect to the organs. from a layman's point of view. >> that's right. it is a scaffold approach where we make the scaffold and then remove them to generate the pores in the tissue. charles: what are some of the implications in this? we were all florida. we follow this very closely on
11:29 am
"varney & company," the 3d area is a place i have been excited in. the biological aspects have seemed so far-fetched until now. >> transplantable organs are huge medical problem. every year thousands of people die while waiting for a transplant. the organ waiting list is over 120,000 people in the u.s. alone. being able to make engineered tissue is a huge medical endeavor. so the challenge is to make the blood vessels. without making a blood vessels you cannot make it tissue more than a few strands of hair thi thick. that has been the big challenge. with our technology, we think we can finally approach this problem in a way you can use sophisticated technology like 3d printing to generate tissue that is customizable for each patie patient. charles: can you give us a timeline between now and the realization of some of the uses you're talking about?
11:30 am
>> definitely the timeline depends on the complexity of the tissues we are talking about, so some of the simple tissue there is already attempts of clinical approaches for example bone and things even windpipe, already clinical trials happening trying to make these a reality. some of the more complex issues like liver and heart i think the timelines are a few weeks away, five to 10 years at a minimum. charles: that is not a long time for someone like this that would be a godsend. keep up the good work, we look for more of this in the future. up next, recreational marijuana. the first food truck selling edible pot in seattle.
11:34 am
11:35 am
terrorists may be working to turn cell phones into undetectable bombs. you think it is a smart move? >> it is a smart move. lalaw enforcement has been extremely worried of very bad security at airports overseas. i am thinking not just cell phones, laptops and tablets would also be tur turning them s well. richard reid boarded a flight, the shoe bomber from paris to miami. this issue has always been a red flag. u.s. security has been tight. overseas really bad, really we week, really dangerous to the united states. charles: i guess nobody wants a catastrophe, but imagine how it
11:36 am
is going to be if somebody forgets to power off their cell phone or their laptop they throw it in the garbage or they miss their flight. >> you have to set aside more time to get through security, we try to bring your cell phone or your laptop on board, you have to power it up. if it is high on the radar screen, as he came through, a lot of airports, lot of hassle and bottlenecks. charles: we will get used to that too. i know the food trucks are really hot, bu this one serves cannabis infused foods and it is the first of its kind. joining us now, man behind the
11:37 am
truck and ceo of magical butter. how did this come about? >> the bus allows us to have a mobile vehicle for the capabilities of our machine and showcase our incredible technologies. charles: this sounds more like a marketing ploy, but i would imagine an of you park somewhere in seattle, you get pretty long lines. >> we had not been able to launch in seattle yet. we launched in denver for the cannabis cup. in seattle we are in a gray area in seattle, we should have been able to launch, i believe, but there is a lot of fragmentation in different disabilities, federal governments, that.
11:38 am
>> edible cannabis is a big demand for it. lot of people have a deficiency and it gives them a way to balance their body. charles: let's talk about how it works. talking brownies, how are your plans is making this possible? >> consistency is one of the issues with cannabis reform of edibles. our technology allows patients at home to be able to make consistent instructions and go beyond cookies and brownies. now they can make salad dressings, salads, now they are empowering patients to make
11:39 am
recipes they can help themselves with. charles: sounds like you have a winner in denver and seattle, if you can get past the gray area. innovation drives america. we appreciate it. >> thank you, sir. charles: are we here to stay? we will discuss it next. what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade.
11:41 am
charles: time now for askpayne. are the banks stuffing cash in balance sheets? yes, the fed's printing money out of thin air, but a little bit different from so far is there is a damn between the fed and mainstream. not buying stocks is a lot of people rumored but there have been buying toxic assets from a fannie mae, freddie mac mortgage-backed securities that are toxic and u.s. treasuries indirectly, those are going to fund the government insatiable spending habits. they get all of this off of their balance sheet and the idea is there getting healthy. sooner or later they will see some of this money in mainstreet and we will see even greater inflation. if you want more information. we will be right back.
11:42 am
talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain. it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. if your doctor decides viagra is right for you, you can fill your prescription at your pharmacy. or, check out viagra home delivery, a convenient place to fill your prescription online and have it shipped at no additional cost straight to your door. viagra home delivery. get started at viagra.com.
11:43 am
charles: japan bracing for a powerful storm expected to hit southern japan tomorrow morning bringing very heavy rain and strong wind. researchers are calling it an extreme intense storm, some say this one of a kind storm, the largest to ever perhaps hit japan, we will have japanese expert on and we will ask him about that in the next hour.
11:44 am
not a lot of winners right now, but maybe do you have any for us? nicole: we can't give all had news and red arrows. we decided to pull a few down for you. johnson & johnson, microsoft and at&t are a few of the names. just squeezing out gains on the day sitting exactly at 17,000, charles, but we are down 68 points. we saw jpmorgan and goldman sachs pulling up moving them closer after the employment report came out last week so we do have a few winners on wall street and apple a new hi high. there are some gains. charles: thank you a lot, nicole. we talk about pursuing the american dream on this program. today we have some we have immigrated from communist
11:45 am
romania to do just that. we talk a lot about, and i always talk about it because i see where people come from other countries to america, they think it is over. >> i be with you 100%. advantages we grew up over overcommunism. this not easy to do as he will know unless you're on the south of the border. every opportunity. charles: do you think they are spoiled or entitled? so many are just delusions because so many are missing the idea. they're obviously successful, the kid with whatsapp, the list
11:46 am
goes on and on and on. >> we have a better appreciation of what america offers. a lot of the kids expect a lot from the parents and government. when people pursue the american dream, we don't expect to come and get handouts from the government, we expect to work hard. charles: she said she assigned three reasons why they do better than americans born here, one was a chip on their shoulder. it might have a great position, and americans look down on you, you want to prove something to them. the set generate motivation? >> people when they start the
11:47 am
idea of coming to america, they come here to concede that. >> what are red flags would warn the u.s. not to pursue? >> i will bring the conversation to the hobby lobby situation. they had to go to the supreme court to make sure that our rights given by the constitution are sure. it is created by the administration. everybody thinks the government should provide for everything these days. charles: over 800,000 people voluntarily working part-time. so make the same amount of money from the 80 or so programs out there.
11:48 am
you have your own business associated with the stock market, 17,000 a lot of people say it is unrealistic. it should be a lot lower. >> the dow 17,000 speaks louder of the capitalism. they just a behavior, it is not the economy, the economy is still in the doldrums. charles: is that a euphemism for place with computers or something deeper than that? >> i think it is described by credit destruction. the case management the bottom line, that is just a normal option. charles: president obama gets more and more speeches of the profit incentives as a bad thi thing. we hear about income inequality, we keep hearing these things.
11:49 am
america and what he wants to be as a country, how do you justify the process? >> it is what builds this country, people come here to build their lives, themselves and benefiting society at large. what president obama is doing is turning this on its head, providing for everybody else, the government providing for everybody else get came here with it. >> st. thomas said it could never exist. >> thanks a lot, really appreciate you coming. taking even more business away from those regular cap next, but it might backfire.
11:51 am
11:52 am
i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare...
11:53 am
and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. charles: huber cutting edge but
11:54 am
20% as new york city. may now be losing money on this service. it seems to be a big shift for uber because when the massive uber goes up, so does the price. the system in charging less? >> what is this business model for uber where you lose money? $15 for a car ride in an uber. now uber is cut in the price, so they would have to pay the driver money out of his pocket. charles: it is what the professional drivers have been, you can drop the kids off at soccer practice and if you have three hours to kill, drive to the airport and make a few bucks. charles: down with the latte skid remember uber had a
11:55 am
valuation of $18 billion, that is more than united airlines continental. valuation. based on the expansion plans. charles: real quick, not one for you, listen to this. now citing the pension benefits, the "wall street journal" said the deficit may reach 49.6 billion by 2023. i know it is a long way off. >> this would be so serious the taxpayers say in new york or in the midwest have to bailout companies based in other states di.the companies pay into backup their own pension plans.
11:56 am
they cannot bail them out, this is the model that is the issue. i would talking about federal taxpayer bailout of companies and other states? states where you don't live? charles: i find it interesting that all of these pension stories are coming up with the market is at an all-time high. apparently they get out of stocks and never got back in. they're making these promises, how are they going to pay them? >> they hit shortfalls. again and again, we cannot be bailing out companies because they mismanaged their pension. charles: the next round of bailouts will be amazing. new at 10:00, governor mike huckabee, thousands of illegal
11:57 am
11:58 am
you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. if your denture moves, it can irritate your gums. try fixodent plus gum care. it helps stop denture movement and prevents gum irritation. fixodent. and forget it.
11:59 am
12:00 pm
healthcare? just a few months away from the midterm election. what happens if the republicans take the senate. we will discuss it all. second hour of our need coming right now. the dow is down. the s&p hitting new highs last week. the yield was up last week. so far unchanged. go pro, the hot stock in the market, now you can buy the options. arthur daniels by a company that makes the capri sun juice drinks. kb crush maker, king digital, is a winner today. nicole: let's get back to this
12:01 pm
one. you are thinking of candy crush. the stock has been much higher earlier today. this is one that piper jaffray's called. it is a big deal. piper jaffray's, they came out with a note of a price target of $20. gains have been in the top 15 grossing iphone apps. the initial success. candy crush soda will be a catalyst later in the year. $828 target. look at that.
12:02 pm
charles: stay away from that candy crush soda. thanks a lot, nicole. right now we are joined by governor mike huckabee. the number of minor immigrants that are deported or turned away are falling largely. last year we only had 1669. is that one of the reasons why we are having this crisis right now? >> it is a large part. we are not doing anything to stop immigration. when they find out once they get across, if they can get a toe in the united states, they will get healthcare. they will get transported
12:03 pm
somewhere. mr. president, if you are running a terror organization, just send him to new mexico and walked him cross. what do you think would be the easiest way? we are mainly talking about all of these little children and the teenagers. it is not the little kids with scabies. that is scary enough. who else is coming across this border and we do not have a clue. charles: i think everyone agrees. i do want to get back to them. using these kids as pawns and political gain, it just seems that this crisis will go on. it feels like the democrats benefit from it when it is election time.
12:04 pm
>> well, they may now. i think that they will start hurting from it. we want to be a humanitarian country. we want to do good things for people. when a tsunami hits, when a flood hits, when a major hurricane hits, who is the first to show up? it is the americans. that is who. we care about protecting our borders and making sure that their are two things. a reasonable process for people. the second thing is let's not insult the people that work there backsides off to get to america and do it the right way. you guys took all of these years and all of these steps when you should have just walked across the border.
12:05 pm
as far as the democrats, nancy pelosi went down to the border about a week ago. you are americans when you have a citizenship. you have to have a clear connection to the country. aunt nancy pelosi thinks that it is a great idea, i suggest she takes them into her home and pay for them. charles: i do not think that we will see that. every country has the right to secure their borders, except, for some people, america. a ton of money in cool. billions of dollars. of course, he is paying $100 million. gop republicans who insist or are not buying into climate
12:06 pm
change. is this the height of hypocrisy? >> you know, it really is. let's look at it at a very practical standpoint. it is the american coal industry. why? because most of his assets are overseas. if it shuts down, it basically collapses -- forgive me for being cynical. a guy like tom cyert, who is in incredible hypocrite with stuff like this -- to celebrities. they are very strong environmentalist. they actually live it. they live almost minimalistic
12:07 pm
lifestyles. they do not travel around a lot. they stayed put. i have respect for people who may be believed very differently than me, but they live up to it. charles: i remember when george clooney said do not drag me and on the green stuff, i am not giving you a private jet. the money is going to charity. get this, it is going to the clinton foundation. ed klein says that obama might end up backing elizabeth war and in 2016. >> that would be a shocker. bills face will never be redder. everyone believes that there was a pretty sweet little deal back in the 2012 election when obama
12:08 pm
was in real trouble. bill clinton jumped in. he made that wonderful speech in charlotte. basically pulled his fanny out of the fire. the deal was i am going to do this, but you have to back hillary. i think you would see an open wound. liz: democratic operative is pulling this idea. let's think this through just for a minute. if he does back elizabeth warren, he is doing it to protect his initiative that he put in place. one of the initiatives is certainly the surge in iraq. also dealing with putin. what do you see that the
12:09 pm
clintons could undo? >> well, you know, i would say if they could and would undo what obama has done over the last six years, soon to be eight, i would vote for the clintons. i do not think it will be so easy. hillary clinton was running our foreign-policy shop. name the country on the planet that we have a better relationship with their we did in 2009. they do not have a name. not one country can they name. i think hillary has some real challenges of her own. if what you just said, elizabeth, were to happen, it would be horrible for them and great news for the republicans. that way we would not be the only ones that are engaged in fighting all the time.
12:10 pm
charles: it may even be reported by the media. governor, thanks a lot. as nervous as i am of a president clinton, i am a lot more nervous about a president elizabeth warren. thanks a lot. we hope you come back soon. let's get back to the markets. scott, a dow 17,000. what is next? >> a lot of folks out there trying to call a high. a very unprecedented time. as long as we have the fed, we are not in a recovery. we are in an expansion. the data is proven to be wrong a lot of the times. negative 2.9% gdp number that we had. i do not think that thursday's
12:11 pm
numbers will change one iota at the fed. we are going to keep grinding higher here. the only day we start to really sell off is when we are all looking higher. charles: when everyone loses common sense, that is when we crash. thanks a lot. we appreciate it. smart watches. listen to what bill harris had to say earlier. >> i do not just -- how did people do you know do not have a smart phone? usually people have a smart phone or a tablet. soon they will have i watches as well. charles: we just got word that apple posted and executive from
12:12 pm
luxury watchmaker. are they going to live up to the hype? >> people really want to have this thing ingrained in their life. it will be a big deal. apple knows it. google has already seen a lot of success on the android side. charles: do you like that? >> hold it up. it looks like a fig newton on your wrist. charles: it looks like a domino. >> charging maybe a little bit of a problem. i do not know if people are comfortable charging a watch every night. charles: this thing being really certain. very, very important.
12:13 pm
>> who made that watch? charles: it was google. >> will it be so big that it goes beyond this consumer item? i do not think that it is quite away.yet. i think it will still be crucial. this is a secondary appetite. it does at a lot of convenience to your life. charles: every other week, there was a new acronym to remember. smart phones, tablets, we still have games. charles: all right. thanks a lot. you think you are stressed out about obamacare, how about the nurses that have to handle the
12:15 pm
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. 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.
12:17 pm
12:18 pm
now. the study was put out by the institute. one of the things that people talk about is this system without any new doctors or not enough new doctors. a lot of the responsibilities fall on the shoulders. >> it is a great opportunity for nurses. we have shorter staffing, nurses feel that they are not respected and appreciated. as more patients come into the system under obamacare, all the stress will fall. charles: everyone is shocked at just how much sicker and
12:19 pm
demanding these new patients have been. >> why are patients sicker? >> we have an aging population. we have 55% of registered nurses being baby boomers. they will be exiting the profession. hospitals have to address these stress levels. >> talking about respect. a lot of patience are saying i do not want a nurse doing something for me or to me that the doctor should be doing. it is something in the past that the doctor would have done. i am uncomfortable with the nurse doing it now. >> it is common knowledge that the nurse is at the bedside
12:20 pm
more. if they themselves are sick, that is not good for a patient's well-being. charles: i see a wide difference between good nurses and bad nurses. how do we fix that? it is a backdrop of higher stress levels. how does that gets fixed? >> who gets the extra work cloak? >> the registered nurse. liz: what do nurses want? >> for these harsh working conditions to go away.
12:21 pm
they have to be able to perform at the top of their profession. they are there to save lives. liz: hospitals are treating them like custodians? >> this is unsatisfying. the nurse takes on the stress of recovery and lives. >> we appreciate it. charles: paid by bucks. you will not believe how he is investing his money. my take after the break. ♪
12:25 pm
12:26 pm
above 100. the greatest success. leonardo da vinci. it may be the golden age of political hypocrisy. $100 million to attack republican candidates. in the free country, people can do what ever they want with their money. it comes from fossil fuels. he is still having an economic interest. each year, we will see this into the atmosphere. if he needs to dissuade his
12:27 pm
12:28 pm
liz: i do not know how they dig out from under this. i do not know how you get out from under this loss of credibility. >> it is interesting. charles: i think people are just tired of it. effectively, 60-70%. you cannot move and oil well overseas. they cannot move it to cut their tax bill. charles: we are in the fossil fuel business.
12:29 pm
12:34 pm
the gop wins control of the house and senate? we have laid out a few scenarios. rich edson has more. rich: there are reports that all gop congress would better for that chance of the keystone pipeline. good news for u.s. refiners and could increase prices for net gas and demand for coal manufacturers. they say doing so will raise gas prices and their cost. republicans win control of their senate. they have to pick up six democratic seats. most give republicans a solid chance to capture the senate. it will be close. charles: thanks a lot, rich.
12:35 pm
appreciate it. what is your take on the notion? >> i think that they have a great chance. the republican party has not had their eyes this close since 2006. both say that the republicans are in a 3 feet margin. we have been down this road before. we just do not have any republican candidates saying stupid comments about women's health issues. >> there was also a female candidate that may have said a few things. >> equal opportunity in the form of stupid candidates. charles: the gop has this and it
12:36 pm
is just their ball to fumble at this stage. >> absolutely. i just hope that we keep our eyes on the prize. charles: i want to switch gears to hillary clinton. get this, it goes to the clinton foundation. >> the clintons are great for keeping it all in the family. i think what is more funny is, if you look at her explanation, she says the american people are not concerned with how much money i make. they are concerned with their own households. actually, america is concerned with how out of touch you are. how every time she opens her mouth, she is talking about what
12:37 pm
the white house did for bill and i. that does not look like a candidate that is in touch. liz: you make a great point. you know, you talk to people on the democrats side. they talk about a hillary candidacy. bill clinton would bring his know-how. cutting deals with congress. deals with legislation because he is a governor. what are you miss and not argument? >> there is a term limit on the presidency. we do not want a fourth term bill clinton in the white house. it is enough for the clintons and the bushes.
12:38 pm
that has been her whole race on debt, if you will. charles: there is an article that says president obama may actually endorsed elizabeth warren. >> i think she is even more of a nightmare than hillary and barack obama combined. the elite decide how much the rest of us get, if you will. no, we do not want elizabeth wore in. i think we have to shift this discussion on who we have. charles: we will do that next time. right now i have one more topic. over the weekend, 16 people were
12:39 pm
shot in chicago. so far 11 have been reported dead. 4 b, the reason i think this is an economic issue as anything else, rather they go to mcdonald's or get diabetes, the people that actually do these things are never held accountable. it is something else then the people actually committing the violence. >> the policies that are enabling it, i would argue it is the break down of the family unit. a lot of these bit domes, i would argue are probably disproportionately black and come from broken down families, broken down homes.
12:40 pm
if you have a baby out of wedlock, we will send you food stamps. charles: what i do not get is -- why are they never held accountable? why are we so angry at the nra? >> tennis shoes or material things. democrats do not want to talk about the inconvenient truth. more black babies are born to fatherless homes.
12:41 pm
there need to be consequences to these actions otherwise you will never break the cycle. we have a humanitarian crisis. the president is more concerned with allowing children of illegal immigrants to swarm our borders. charles: i really appreciate your topics. the real halftime report is next. ♪ time and sales data. split-second stats. ♪ its so close to the options floor,
12:42 pm
12:43 pm
♪ charles: making money with charles payne. i have to tell you, although the stock is down, i think it is significantly higher. execution has been fantastic. most recently by 22%. it is all about networks and community. app security, cloud security, database, web applications, firewalls. i told you about the first quarter. 168 million.
12:44 pm
12:46 pm
>> oh, boy oh boy, question of the day. i think we are headed higher. i think it will be a good thing. charles: i want to talk about this jobs report on thursday. >> this is something that we talked about for a long time. >> i am very concerned about it economically speaking. charles: up next, adm fine the parent of capri sun juice
12:47 pm
drinks. >> archer daniels is scooping up wild saviors. it is a $3 billion deal. they had a close call with another company. apparently, archer daniels turned out to be the winner on this one. nice consolidation in this area. charles: after all, you cannot be supermarkets of the world. >> are you interested at all? >> i think it is very interesting. you have 18 had 18 seconds to make it to the buzzer.
12:48 pm
if you are curious, you have a good wallet and money you can burn. that is the speculation you want to make. oil down. >> a price that we have not seen since december 2009. it is interesting. the unrest in iraq has not hit the oil-producing fields just yet. the united states gets most of its oil from canada, mexico and saudi arabia. charles: no nuclear plants here. this will be a big one.
12:49 pm
>> this is a very unusual storm. they are talking straight property damage. charles: thanks a lot. time now for this week's -- that's far. you guys are pretty smart on this one. so far, looking pretty good. charles: he is a good act to this because you like it? [laughter] >> he actually eng discussion. he does not just scream and yell.
12:50 pm
12:54 pm
charles: did you see any movies this weekend? box office ticket sales were down. is it just because of the holiday or was it that bad? >> i think that they were that bad, charles. in our area, it was raining. they blame the bad weather. they blame the world cup. >> i usually go to the movies twice a week.
12:55 pm
i cannot find good movies. >> my son went to see 21 jump street. charles: 22 jump street. [laughter] charles: do not worry about it. >> total parental flaw on my point. i have a good one for you. american apparel. posting this on the tumbler page. it is the challenger space shuttle. the image was re- blogged. something like this is no excuse.
12:56 pm
>> this is really, really bad. seven astronauts did die. you cannot point your finger at that anymore. he bought more shares. can you imagine, of all companies that make such a gap, it would be them. maybe someone did. maybe this supervisor was born. no excuse. that was that. charles: more varney is next. ♪
12:57 pm
12:58 pm
12:59 pm
here legally who have a quest for legal citizenship who want to become american citizens who have employed people here, they don't have a pathway right now. we can't just give it to be blessed to have breaking the l law. the president needs to do his job. stop talking aboutcommerce doing their job, we will do our job, president, now you do yours. charles: that was on the nation's immigration crisis. now here's your take on the sh show. april had this to say about why hillary clinton wants to distance herself from obama. "it is hang onto the disgruntled democrats, same policies, different lies." and this but buying marijuana from a food truck. "would you buy a rolex hanging off a guys trenchcoat in times square? know. who knows what pot is off a truck.
1:00 pm
no." charles: i pass it on now to deirdre bolton. deirdre: i notice there's a theme of food in there, charles. the dow is down after hitting a record last week. we will give you alternative investment strategies to help you avoid the stock market roller coasters. and speaking of money, some say tech investors are going to far and investing in silly companies with the messaging app yo or ot. we will let you know if fundraisers are officially out of hand. watch it with the premise of making people pay for otherwise difficult to get to dinner reservations. if you are on twitter this weekend looking of reservations, you may have seen comments such as these. don't bother coming to seattle
119 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on