it could start popping off. do you really want something like that on your wrist? sandra: apps for everything. maria: we're covering it on the fox business network. stuart: thanks very much, wages up, interest rates up, stocks rolled down, that is the financial headlines. good morning. the rest of the headlines. ebola west africa, the american peace corps volunteers withdrawn. 16,000 reservists wants to kill those tunnels by next week. argentina they faults again and the irs, los lerner really detested conservatives. we have the e-mails, the disastrous obamacare website cost a lot more than you think. the president keeps up a very heavy fund-raising schedule land when he goes to march that's vineyard for vacation hillary

will be there too. "varney and company" is about to begin. ♪ stuart: it is legitimate to call that a sea of red ink, the news today, solid jump in hourly wages so janet yellen, printing of a ton of money again and down goes the down 181 points. watch out for the jobs report. where are we? also down 1%. 1 pitt 3% down. and 1287 down $9. and this is the yield on the ten year treasury, a key interest rate barometer. and relatively good news in the

stock market, 2-6 on the ten year treasury. and argentinian default has anything to do with the sell-off? >> 10% max, and with everything else going on that is geopolitical. it has over 50% to do with this. stuart: this is more geopolitics than some good news on the economy. charles: initial jobless claims went up. everyone kind of nose wages are going to go up. we cut through the bone and wages have been so flat for so long but every day this week that there was a report out of russia early in the morning of something under skirmish the market gave a big time gain. the third day in a row. stuart: gold didn't go up. he is an indicator of geopolitics. charles: goals -- there is no doubt about it and it felt like for more than two or three weeks

that everyone has come to the conclusion or the feeling is about time. stuart: stay right there. talk about awkward. president obama and hillary clinton eyes scheduled to go to martha's vineyard at the same time next month. will frame these? will they not meet? a slightly tongue in cheek style to the thursday morning program with a former clinton strategist, doug shoen. i say this is a story if they meet. is also a story if they don't meet. >> the chance that they meet is unlikely. it is a future story if they do meet but the president's poll numbers sing, the former first lady, senator and secretary of state has as much reason to tee her distance especially on a small island. i would not say they are enemies but their interests are no longer coincidence accept that

if obama goes too far down it will hurt hillary's chances to be elected president. stuart: it would be a headline, martha's vineyard, i am told is a very small place. if you have the president and former secretary of state on that small island very close together but they don't meet, that is the headline. >> it is, the president likes to go book shopping. stuart: when you think he would drop in? >> more likely will be on the eighth hole and dropping into the black dog oil whenever. stuart: if you are on the golf course you can't get away. >> exactly. stuart: stayed there, more serious stuff. we managed to get this story in before the end of the program yesterday. it is worth repeating. lois lerner, she got some choice words for conservatives. e-mails written just after the 2012 election she is an

obscenity and use terms like crazies' when talking about republicans and the tea party. the chief counsel for the american center for law and justice is the group representing conservative targeted by the irs. i don't think this revelation moves slow ball forward to the special prosecutor but i do think it shows what i am going to call but neither hatred out of the irs for the president's opponents. what say you? >> i agree with that completely. these comments didn't surprise me. they are completely unacceptable especially on government e-mail but they didn't surprise me because they're coming from a person who is at the fulcrum of a multi-year nationwide targeting campaign that suppressed the civil rights and violated the civil rights of conservatives across the country and this is the same person who expressed a desire to work for organizing for action, barackobama.com. this is a partisan working for the government in doing partisan

work out of sheer hatred for the conservative movement. stuart: do you think it rises to the level where attorney general eric holder really ought to get a special prosecutor based on this revelation of kind of hatred? >> this is just the tip of the iceberg. there should have been a special counsel longtime ago for a very good reason, the department of justice was complicitous in the targeting. let's not forget e-mails show that even two days before lois lerner, quote, apologize for the targeting there is evidence that the doj was working with her to, quote, piece together prosecutions of conservative groups without any evidence at all. so the doj itself is compromised because it participated in targeting so how can it investigate itself with any kind of sense giving the american people any sense that justice is being done. stuart: 30 seconds left but the key question our viewers want to

know the answer to is this. when are we going to get those lost e-mails? two years worth of e-mails that were lost? when do we get some? >> i wish i knew the answer to that. we are eager to seize them. we are representing 41 conservative groups in 22 states and those e-mails are born to our litigation. i fear we may never see them. charles: we were told the hard drive was crash dental by experts that you can get them, you can retrieve them. not so? >> i think the original hard drive has been recycled. it is gone. it is over. the backup case between now, we now knows they may still exist so if they do exist we will see the e-mails. if they disappeared like a hard drive we won't see the e-mails but it is not in our hands right now. it is in the hands of the administration that is proving to be less than diligent in investigating itself.

stuart: david french, thanks for joining us, thank you. doug still with us. if we ever get those lost e-mails and if they show a connection between the irs and the white house and/or the campaign and my going too far if i say that is the end of the obama presidency? >> there are a lot of ifs but one thing david french said, the justice department is facing a conflict of interest, that is for sure. we do know that doug schoen went to the white house, 258 times in the course of a couple years. we need to get to the bottom of what really happened. to call this a phony scandal or non scandal as the president has is absolutely unacceptable. we do need an independent counsel. we need it now. this is a more fruitful avenue for me, for the republicans to go down than suing the president or as sarah palin has done,

talking about impeachment. stuart: that is a strategic thing. >> this is a real scandal having deferred on health care much less so, the tactic, not the right one. stuart: i always make the joke that you are still a democrat but you have lost the party. as been taken away from under you. the president is way out there on the left and one of the principal contenders to be the next democrat nominee for president is elizabeth warren. cheese layout on the left. they left behind. >> hillary clinton is ahead of elizabeth warren 65-11. i am not sure elizabeth warren will run but i will say this. i say this to your viewers, the democratic party used to be a centrist, unified force of people wanting progressive change. it is hard core leftwing group that has lost people like me, very sad for my point of view. stuart: you need to come back on the show more often. >> always happy to if i am welcome.

stuart: he is always welcome. >> it is my pleasure if i am welcome. stuart: welcome back. food safety scare in china, really dragging down, stock price of yum brent's represent taco bell, kfc, pizza hut down 5%. whole foods market cut 2,014 forecasts for the fourteenth time. more competition in the granola hippy how food business down 3%, profits up, production down from exxon mobile but listen to this. it paid more than $5 billion in taxes and $14 billion of profit. and that makes it to a tax rate of 45%, highest in the developed world. first ever profit for yelp but the stock is down. explain please. nicole: the growth numbers we saw short of analysts' expectations, you got to give

yeltsin credit. they compete against microsoft, stock is down 11%, another area of weakness, the local business accounts, and 5900 sequentially, an analyst at raymond james, and not just the review company, you don't just go to the restaurant, and they even have wyatt b..com, from the yellow pages. remember the yellow pages, i don't know of my kids know what they i but they stem from that. stuart: i have to use the silver pages these days but that is another story as well.

i got to remind everybody thursday morning, coming up on lunch time, we're down 1 to be points. and to give you an update on the ebola virus, peaceful volunteers and the isolation after having contact with someone who died from the fires. and they're simply being observed. 700 people died in west africa, dr. mark siegel is on this. this is serious over there, but i don't see any panic whatsoever here in america. >> i see a ton of panic. people are becoming very fearful of this because when we cover this on the news everyone focuses on it and they think it is the only reality. that ebola is the only virus in the world for a lot of people. is it going to come here? is somebody going to bring it on a plane? it is possible but if they did

the chances are very likely we could isolate it and keep it from spreading and that is the key thing because that happens in africa. stuart: i understand that but what about the possibility of it going to china or a country in asia? densely packed population, not the same medical problem. we are financial problem. maybe it when they're supposed to hear, it could be a financial problem. >> i'm aware you are financial problem, the bigger concern is the panic, close its schools, if we get more and more travel advisories, in asia, when saws was around 2003 it cost $30 billion to asia, to their economies. even if people doesn't spread to asia. the panel would cost a great

deal of money. >> they should not panic. i am very concerned about this virus, take it very seriously, we need science, not fear. stuart: good stuff. dr. mark siegel, good to talk to you. of viral lad, they setup an automated banking machine, atm, automated banking machine. giving customers gifts. taping their reactions and getting a ton of really good publicity out of it. the man behind it now is next. [ male announcer ] once, there was a man

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stuart: this is just about the low for the day, 184, 185, we are down below 16-7. if the july jobs report first thing tomorrow morning comes increase strong interest rates go up some more and stocks come down some more? here is interest rate barometer, the yield has come down significantly, we are 2-6 a few minutes ago, now we are 255. all very interesting, fluctuations on interest rates and stock prices.

moving gone, td bank turned several atms into automated banking machines. customers came in to get money out but got a real surprise. remember the woman who was taking care of her cancer stricken daughter, she just had an operation that week. watch what happened next. >> could you be in for a second? i have a secret to tell you. we want you to thank her yourself. something there for you. those are tickets to trinidad. >> are you series? >> you are going to go see your daughter in trinidad. thank you, dorothy. stuart: that brought the tear to my eye. flat out terrific. we are joined by the president and ceo of t d canada.

you got me going to. that is not good p.r. i don't know what is. was it your idea? >> actually it took the team to come up with a novel way to say thank-you to our customers so they took it and ran with it. volt thing took less than a month to pull off which included building a fake atm, shipping it to our four branches in doing the video was an amazing experience. stuart: you must have done some research into your customers before hand. how else would you have gone the two tickets to trinidad ready just in time for the lady to come in and get them. you did research. >> the research was simple. we went to the four locations where we decided to do the video shoot and said tell us about your customers and tell us about fantastic stories that really make you love your customers and let's find a way to say thank you and especially so if they came up with some incredible incredible stories. dorothy for example, to make the point she hadn't seen her daughter in three years because

every dollar she makes she sends down to pay for the cancer treatment for her daughter in trinidad. it is an amazing story. stuart: it was terrific what you did but you knew what you were doing because you taped it, three different camera angles, you knew you were taping it, you knew you were going to create a pr machine out of this and put it on youtube. you knew in advance. >> no question we did this as an adjunct to what we do every year which is customer appreciation day. we decided to do something a little different so we had a team that bitterly worked literally a month's rate, shipping the fake atm across the country to the branches, the camera set up and when we ask the customer, we told them it was a focus group on the new atm and it turned out beautifully and we cut it all together and released as a video last friday and we are at 3.5 million use.

stuart: there is a dollar number to be put on that because that is the freest of free advertising you can imagine. i am customer of t d bank in america. you know why i went to t d bank? i am sure you know. is because you used to have those 3 coin counting machines. >> we still have them. stuart: i know you do. i chuck michael bennett an end of the day into a jar and taken down to the bank and put them in. i used to be charged 5% but you guys came along and did it for free and now you are a customer. >> i loved it. stuart: pr genius, welcome to the show, see you again soon. the new york times coming out in support of federal legalization of marijuana over the weekend. now they are saying we'd is less dangerous than alcohol. monica crowley is after the break. we will ask her where does she stand on legal wheat. when you run a business, you can't settle for slow.

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is an all-inclusive crime and you and no one else, i was a drug addict for 7 years of my life on crack cocaine. my wife suffered, my kids suffered, my job suffered, my labor suffered and yes even the dog in my house suffered. stuart: that was bishop ron allen's thoughts on marijuana. today we have a big story in the new york times that says flat out marijuana is not as dangerous as alcohol. this is the paper that was editorialized sunday. marijuana cannot lead to a fatal overdose. there is little evidence that it causes cancer. it is addictive properties are low in the myth that it leads more users to more powerful drugs has long since been disproved. fox news contributor and washington times online opinion editor monica crowley is here. should be legalized marijuana at the national level for recreational use? >> i have always opposed that. i read the article today and i think a lot of the points

flat out wrong. one of their big arguments is marijuana is not a game with drug we have studies, countless studies that show in fact early users of marijuana in particular goal on to use the harder stuff. i don't think the united states should be in the position of legalizing yet another in toxicant. this country has enough problems without legalizing marijuana. stuart: as a political strategy i think the country is moving, all the polls show it is moving more closely to a legalized wheat situation and i think as a republican mike rand paul, he is going to win some votes on this as a political strategy. can you get behind it? >> particularly with the millennials to are attracted to someone like rand paul on the marijuana issue in the nsa spying. they don't want the government in any of their business. stuart: as a political strategy and won't by it? >> not now just because public opinion is trending in that direction doesn't mean you have to have it at the federal level sanctioning marijuana use.

this is what federalism is for. this is what the states are for. stuart: is there a split in the republican party between the establishment who favors no legalization whatsoever and the other side of the fence which says legalize it? there's a split. >> the split is very minor. that doesn't mean it might not grow but you have rand paul and a few others on the side of legalization, most of the rest of the party establishment conservatives and others are not in favor of this at least not yet. stuart: stayed there, we are not done with you yet. next topic, sports. football season around the corner and the nfl has outlined a new zero tolerance policy for verbal abuse. is this going to work? what is all about? charles: the first gave player was drafted last year i think, you had a big incident, the miami dolphins were -- the bullying thing, that hasn't been resolved. stuart: the nfl says you can't

mention it, don't get anywhere near it or say anything. charles: they want to avoid certain words, certain altercations from happening. a lot of people find it interesting on the heels of a guy getting a two game suspension for one of the most egregious domestic violence scenes anyone has ever seen that this might seem petty or small. the organization, i hope they don't disneyfy it too much. these guys groping ruffin vitamins which they are going to curse and say certain things which they may say something about your mom that you don't like. i hope it doesn't come down on every minor infraction. stuart: they will say something. we are out of time. i am sorry, we relegate you to let me three minutes and i'm ashamed of myself. >> getting thised on the varney show. stuart: when you're going to a anchor the show next week. >> fantastic. stuart: democrats distancing themselves from president obama over his war on coal.

christine todd whitman, former governor of new jersey and former head of the epa is here after the break. to buy a car.

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♪ >> you and on a new it is a hard-working coal miner. i will stand up to leaders of both parties. i will make sure president obama gets the message. stuart: that is a democrat. she is from west virginia. her had directly attacks the president. slapping the same co2

admissions. they had a lot of questions with it. >> regulating carbon is now something that has been decided by the courts. stuart: -- >> it is something that you will see at this location. coal is starting to decrease. >> i would have done a regulation on carbon. absolutely. i do believe that we need to regulate it. there is a lot of cost. we humans have an impact on the climate.

stuart: you think it is worth it? >> you are making assumptions, that i think are wrong. we saw a 67% decrease in solution paired we saw a better than 50% decrease in our gdp. 36% increase in power demand. you have more people using more power. producing a greater economy. we were 50% coal at that time. we have been through this location before. do not forget we have been through the industrial revolution. charles: pardon me for interrupting, you almost sound like somebody from the coal

industry. i think everyone in the industry would like to see a move towards clean coal. the timeline makes it absolutely impossible. therefore, putting thousands of people out of work for no good reason. what i was asked was what i put a cap on carbon. my answer is yes. i think this rule has a long way to go. i will give you credit for being flexible. that is something that is very hard to do at epa because congress has set up the laws that tell them when to regulate them and how flexible they can be. stuart: you are not a tea party person, are you? >> i support ronald reagan. stuart: would you like tax cuts in america?

>> absolutely. i laugh when i see the president and the democrats talking about penalizing dennis on june business is that take advantage of tax overseas. they will move everything overseas. the two now we have common ground. now we are on the same track here. we are always short on time here. >> you run a shiite tip. stuart: laying out his plans and consequences in a moment. the dow is down 180. ♪ of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph

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cause i'm like, 'this is what we do.' the fact that iowa is leading the way in wind energy, i'm so proud, like, it's just amazing. ♪ nicole: i am the coal patina on your fox business brief. the nasdaq is down $0.60. we are watching bonds. the dow has moved into negative territory. ibm and intel did well. rubbermaid hitting a new high. a profit jump there. avon products.

we did see them come under pressure today. right now, 3.7%. 3d systems. down 8.8%. more coming up on fox business. ♪

stuart: adidas is the official sponsor of the world cup. it has postponed its targets for

next year. they have challenges in the golf business. 15% down. that is a selloff. the author of the bill is a republican of louisiana. welcome. if i was in a legal, i front of the western union, you would insist id. i have to have ideas to do that.

>> i think it is a common sense approach. stuart: what you want, what you and your fellow americans want is making it difficult for them to send money back. is that the basic role of the republican party at the moment? >> no. do not just throw money at the problem when most of the money in terms of what president obama has requested is to feed and has these folks in this country indefinitely relocating them to other parts of the country. i think that we need reinforcement. we need to not detain them and release them into the country which is the most common practice now.

we need to detain them and quickly deport them within 72 hours. stuart: even the way things stand however -- come november, sir, it is possible that they could sweep back into power in the senate. do you think that the bill you are proposing would pass the senate? >> we need new action before the senate convenes. we need to come together around common sense solutions and ask. i hope we can get the aunt harry reid and act. the only thing he is allowing on the senate floor this day and this week is to vote on a big spending deal. we need to have both.

we need to have that full debate. stuart: issue is surely the hispanic vote. the danger is that you look harsh. you look in human years you look punitive and you lose the entirety of the hispanic vote. >> two things, stuart. we should do things based on the substance of solving the problem, not based on politics. i think the crisis at the southern order is unifying the great majority of americans around the common sense to postal that we need to have meaningful force. we need to reunite them with their families in their home

countries. i think that is a strong, strong, growing consensus in this country. >> the senate goes on august recess within a matter of days. is anything going to happen on immigration and or the border? right now, harry reid is refusing to take it up in the senate. stuart: nothing happens, legislatively. >> it looks legislatively. there is money required to take care of those people that are already here. what is the president going to do? >> first of all, i think that he will blame republicans.

again, we should act. we cannot wait until the next congress. we should act. >> senator, thank you for being with us, sir. democrats say this is the first step on the road to impeachment. ♪

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♪ stuart: look at it go down to hundred points. 205 to be precise. if we get a good jobs number tomorrow, does that market go up or down from here. >> it will all depend on wages now. if they go off the way that was indicated this morning, if they go up more than i expected, i

think that it will be way under pressure. that is part of the reason why i think that the dow is off to hundred points. more bad news for the market. stuart: that is yellen's whole point of view? >> she does not see inflation although everybody else does. stuart: that is interesting. charles, stay right there. improving a lawsuit against president obama. the democrats say it is just a way to move closer to impeachment. is that an accurate way of looking at this? >> i may have 1 foot in each camp here. the president's behavior has either been lawless or incompetent or both.

his stewardship, which he has charged and agreed to enforce has been so bad it has resulted in him telling people how to break the law and get away with it. on the other hand, i agree with the president of the united states that this lawsuit by the republicans is a political stunt doomed to failure. no federal judge will presume that he or she has the authority to tell the president how to do his job. they may not like the remedy. they may not have the votes for the remedy. the remedy is clear in the constitution. when madison wrote his notes on this, he was very clear that this was the remedy. it is called impeachment. is a strategy that for the

republicans? is even talking about impeachment that for the republicans? >> i think that republicans know that this lawsuit is frivolous. here is the test. they are using taxpayer hollers. it is just in legal research to fancy law firms. stuart: $2 million on this already bush remark. >> yes. would you use your own funds to finance a lawsuit that you know is frivolous. they all say no. they are using taxpayer dollars to fund a lawsuit that they know is frivolous. >> $2 million had been sent. >> it is research.

they have to anticipate. they need to do the research first. >> is this john boehner? >> i do not know whose idea it was originally. he has absolutely ruled out the constitutional impeachment. is that the government? >> it is lousy politics. that is what it is. i want conservative to win the election in november. >> do you think impeachment would impair the ability?

stuart: it will repair the chances. i am a politician. >> london school of economics. if it works, go for it. stuart: have a good time. what is happening now? ♪ when folks think about what they get from alaska, they think salmon and energy.

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stuart: headlines. positive news on the economy. stocks go down as interest rates go up. dan henninger. what is happening now.

the republican that wants to be governor of california. we will report on the golden state. john stossel. why can't i use my own oddie for medical experiments. ♪ stuart: what you are looking at is the lowest point for the dow industrials thus far today. interest rates went straight up. look at the s&p 500.

1.5% lower at 1939. the price of gold well below. 1287. look at interest rates. we are back to the same. let's get right at it with scott shalit. >> it is not part of the stock market selloff. >> maybe even a smaller part. maybe an ugly ducking. they really took the market by

surprise. sanctions to be placed on russia. it can really slow down things. those things combined with what you just said are all weighing on the stock market today. stuart: we get a report that says $250,000. stuart: thank you very much, indeed. let me wrap it up. we have a big selloff.

we had a spike earlier today. good news on the economy. world war i. the 100th anniversary. dan hanging out.ight now. are you pointing out a danger? i called the column the winds of war again. what is not difficult is to see

the winds of war. the conditions are out there and beginning together. i believe that is what is going on now. stuart: things spinning out of control. president obama said this is about one discrete problem. it is about more than that. cuteness interested in crimea. this is an outward moving force. he would like to absorb. it is that kind of activity, i think, that requires them to react. stuart: there is the other side

of the coin to what you are saying. >> trying to negotiate with hitler. they keep saying that their goal is to stop the violence. that is what he does not seem willing to do. things are spiraling out there. stuart: you are making it worse.

the paradox is the american people are upset with barack obama's handling of policy. they also say we do not want the u.s. to commit anywhere in the world. if we make a commitment, he will pull it back at some point. stuart: they do not want military use. >> i do not ring that they want a military commitment. they would be willing to reestablish.

stuart: whole foods. they are saying they are facing competition. down goes that stock again. three and a half% lower. i cannot remember the high over his last week. that stock is down another 5%. >> we have both t-mobile and sprint halted today. this is on the news. making a bid for t-mobile.

it is a potential merger between sprint and t-mobile that has been talked about for quite some time in the last year. in the meantime, you have seen t-mobile get a nice pop. 6.3% to the upside. stuart: thank you very much indeed did the obama administration's failure to roll out obamacare. >> the cost to us. doubling, tripling and

quadrupling. just to show you how much these costs have increased. it tripled in cost. that is just an idea of how ms. management of this system has really cost us money. >> they blame, fairly and squarely. they say, no, it is you guys. sometimes the shift in direction came with a really good price tagged.

>> more than 40 changes by one count. from the government to these contract is. they still are not ready for prime time. the new guys are on it. there cost could likely go out to. stuart: i saw a bumper sticker the other day. it said thank heavens we do not get all the bumper that we pay for. >> lois lerner e-mails. >> this is based on the

reporting. here is what is going on. she is writing to an irs official on her government e-mail account. these people have ruined everything with their "equality push." >> she wrote that in an e-mail. >> a leftist. a democratic supporter. >> she is saying i am overhearing these reddish women talk about america. they will never be able to get out of their debt. they do not seem to see that the uk cannot afford their welfare state either.

then what happens is the irs officials. you listen to the crazies on right-wing radio. maybe these a holes will take a stand. >> their issue is lois lerner says the british people are bringing it up, too. it has human beings in it.

this is real people talking. stuart: we should've had you do lois lerner's e-mails in your voice and i will do the irs officials in america. >> i will never do a british accent. stuart: coming up next, the ceo of 3d systems. climbing to the top of a roof. he lands on a spiral staircase. we just gave another free app for go pro. we will find out how much money

they are potentially making. his report is after the bell today. ♪

stuart: can we call this the henninger defect. down goes the market. could the that geopolitical factors are more important in this decline then we have been giving them credit for. how much millennial's are willing to spend on fast food, coffee, juice, things like that. it could make a big difference to the election. >> we do not spend the most. it is about $300 a year. i spent that a day.

and lots of them do not have jobs. they are spending $1200 a year. >> her voice was somewhat distant when she started. >> people may not have noticed. >> joining us now is 3d systems ceo. 3d company. we have the favorite guest of the program. welcome back. >> are to be here. stuart: your stock is down.

i am going to bring a new concern to the table. they have this 3d printing store. i want this, this, this on 3d. having a company like amazon. a 3d lifestyle that we have been talking about for a couple of years is exciting. a lot of their suppliers are going to use our technology. it is largely mimicking what we are doing. i am pretty excited. you can bounce back from a potential negative really fast.

stuart: we are outsiders to the industry. a lot of people have jumped on board this thing. there is going to be an awful lot of consolidation. a lot of buyouts. i want to know if 3d systems, your company, is going to be leading the pack. >> we were the first to consolidate four years ago. this morning we talked about the acquisition that we announced last night to acquire it significant player. for us, it is a significant step

into consolidating the personalized medicine size of the house. personalized search and medical devices. we believe that we are merging. stuart: i will get my little ponies 3d printed by you in the future. >> you will probably get your little ponies and other toys printed by service providers that are likely to use our 3d printers.

what is for sure is we are going to have a printer in every house. food and annable and copies. i am certainly committed to make this happen. stuart: it is a whole new world out there. thank you for joining us. >> think you. stuart: neil kash kari. he wants to be the governor of california. he is campaigning for that. very different politician. virtually homeless. learned some important lessons about policy. my take is next. ♪ to buy a car.

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and the republican nominee for governor of california is a very different kind of politician, he set out on a greyhound bus with 40 bucks cash, no credit cards. he was looking for jobs in

fresno, has written about his experience in today's wall street journal and here is my take. bottom line he couldn't find a job even though he would have taken anything and spend a week trudging around fresno in the one hundred degree temperatures checking everywhere. he slept on the streets, he ate on food banks. this is the republican candidate for governor of california and his down and out job search is very much the story of our time. in the homeless shelters he met agricultural workers who couldn't work because of california's water policies. he met professional people reduced to poverty by an economy clobbered by high taxes and intense regulation and he met proud people who don't like being pour but don't want more handouts, they just wanted job. that goes to the heart of what neil found, the modern day policy divide. the left things handouts

stimulate demand. the right think jobs stimulate the economy. california is a classic example. 24% of its people live in poverty. that is the highest rate in the land. this is the golden state? this is the come back state? you can write off the job search as a mere political stunt, you can do that but i think he is exposing the affects of bad policy and has done it by getting down and dirty himself. there are not many politicians who get down on the ground floor and check things out first hand. his bottom line is a message for us all. we need jobs, not welfare. i think he has a message for all republicans, all of us in fact. jobs please, not welfare. by the way he is on the show tomorrow.

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stuart: why is the stock market down so sharply? saber rattling by the russians, that is not helping, and good news on the economy pushing interest rates up and may be going up some more. result, dow industrials down a whopping 226 points. that i believe is the low of the day. interest rates have actually gone down this morning. we spiked up at the start of trading and now we are down 254

is the ten for treasury yield and that is down from where they closed yesterday. we are going to call this the robot revolution. a new survey finds 21% of american companies have deskilled their workers. that means they were placing human workers with machines. give me more. liz: a survey of 2200 human-resources officials at companies across the country. one in five replace their workers with automation. they have 500 or more workers, 20%, 500 more workers, nearly a third replace their workers with automation. stuart: so the bigger the company, the more likely they are to replace some workers with flat out robots. liz: nearly 70% of these folks said when we did that, when we replace workers with automation we created even more jobs like software development and a third

said the process backfired. they had to hire the workers back. we see this in all sorts of industries. stuart: the bottom line is we have got to move up the food chain of education because the jobs being created are software engineering jobs, how to fix the robots, the jobs that robots are now doing, leaving the force. liz: important point. those workers get double what travel agents would get and those travel agents, those jobs are going away. the software guys, that is where the money is to be made. there is money to be made and jobs to be had. it ramped up your skills. stuart: ramp up the skills, exactly right. a report earlier this week showed european governments paid ransom to terror groups to release hostages. they label the ransom payment essentially humanitarian aid. it was a payoff to terrorists. give us back our people. here is the money. our next guest says the ransom

process is so profitable al qaeda has a manual on how to do it. here is fox news military analyst lieutenant colonel bill cowan. before we get into the nitty gritty of the manual on al qaeda i have to make a comment on the europeans and see if you share it. they don't have a military of their own, they're kowtowing to vladimir putin, won't pigman as a reaction of any kind and now they are actually funding terror. i find this pathetic even though i have a european accent. how do you feel? >> i feel same way. clearly these guys are responsible for a lot of money going to al qaeda, helping al qaeda learn operations or do things around world continue to grow and flourish, we see a lot of al qaeda affiliate's doing things, the amount of moneys they pay must be $150 million over the last six or seven years, absolutely outrageous. they say they are not paying but indeed a very good investigative work by the new york times shows

that they are. stuart: a couple of outcomes here, i think it will encourage kidnappings because if you can make this -- $125 million they made, that encourages them to take more hostages. at the same time it puts a target on the back of any european outside europe to a dangerous country this is altogether bad. >> these guys are smart. al qaeda is smart. they're looking for europeans from printed in the countries, france, germany, italy, switzerland, austria. those countries have been known to pay large ransoms. $10 million apiece last year by france for tourists, mostly tourists -- the al qaeda guys are targeting specific people and they know the united states and the united kingdom does not pay ransom. they are pretty much on their

own, they're getting, and having ransoms paid by their release presents a problem for the rest of the western world. stuart: you are a military guy. is it possible the europeans could rescue some of these hostages? do they have the military assets required? are they prepared to take the risk of military action? >> that is a great question. the french have rested their hostages in the past that were taken by pirates off of the somalia coast but when you look at in a rescue effort requires an incredible amount of time and effort to get the right intelligence. if you knew in short order quickly where some hostages were being sold it would be in your nation's interest to rescue them but in the cases of many of these hostages being held in some tendon the middle of nowhere to are rarely if ever seen by others who could report on their presence, very difficult to find them. much easier to pay this money ended the guise of aid to a foreign country than it is to run a rescue effort. the reality is these countries

should also be get caught you are on your own. stuart: they are not going to say that because it is politically expedient to pay a few bucks, it is a lot of money, to european government, $125 million brown 5 or 6 different countries is not a lot of money. is politically expedient. it is easier to get through it like this, just pay the ransom. that is what we have got here. is politically expedient. >> exactly what we have got. different groups of al qaeda and over in the arabian peninsula, we all know those countries are willing to pay and they will take their time, grabbed hostages as they can, some of those hostages as long as it takes, use the manual to intimidate and scare the families of hostages a little bit and find a way to negotiate, to get those hostages released. very professional and well done. stuart: i admire your restraint.

i am the guy who is calling them a bunch of got this government's a you were very restrained. not like you. you are right, you are absolutely right. stuart: argentina defaulted on some of its debt. saber rattling by the russians in europe, good news on jobs here at home. that is why the dow is down 220 points. we are going to get into the whole of that next. in new york state, we're changing the way we do business, with startup ny.

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nicole: i am nicole petallides with your fox business brief. dow jones industrial average down to 19 points, we have not seen the dow down 200 points since the middle of april. the loss of 2.3%. look at l 3 communications, and the new ceo is coming on board with pepsi, paying $19 million in order to give up pepsi perks and build 3 communications to the downside, four people have been fired, one resigned in the

aerospace unit's. this is 15% now. keep a keen eye on expedia, linkedin, and they are to the downside, linkedin down 3%. the real halftime report coming up next on "varney and company".

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. stuart: terrific time for the real halftime report, the dow is up 200 points.

tres knippa in new york, next to me liz macdonald, we are still down 200 points. some people are saying this is because russia is doing some saber rattling and that is part of the problem. what do you say? >> it is part of the problem and argentina is part of a problem. we should be learning from what is happening down there. you cannot spend your way into prosperity. you cannot borrow your way into prosperity but guess what? we have the gold federal reserve to keep gobbling up all the debt, keep piling, keeps spending, is not good for long-term growth prospects. interest rates too low. stuart: kfc, the parent of the rembrandt and several other chains taking a hit. why are they taking a hit? >> we reported in the last week that in shanghai there was a company that handles meat and discovered by a local station, and media station and with that improper meat handling we sought

expiration dates being changed and that not affected yum brands, the parent of kfc but other names like mcdonald's and starbucks and alike but yum brands saying they are losing customers fast and the meat scare has had a significant and negative impact. is just after they recovered over the last year from the bird flew and the likes of the safety scare about tainted meat is hitting the company. stuart: tell me about the republican gubernatorial candidate for governor of california. he is saying not so fast on the california come back. liz: neil cashkerri took his campaign to the streets of california living with their dollars in his pocket, no plastic whatsoever. california come back story is a mess, the highest rates of four children, essentially saying food stamps, welfare, hike in the minimum wage will not be restored. california needs to get rid of

its high tax and regulatory structure and bring back jobs into the state, really big poverty issue in the state. stuart: got to get him on the show. tres knippa, we have been asking our market types this week, do we end above or below 17,000 on the dow tomorrow afternoon? looks like a no-brainer, we won't get above 17 k, a week? >> doesn't appear so would not with the sell-off today but it is coming, we are in the seventh inning of a fed fuelled market and right now you have to consider the biggest and best returns in the bubbled kind of environment are in the seventh, eighth and ninth innings. stuart: may be a short-term drop off below 17 but you are coming back. >> you bet we are because guess what? the fed is not going to change. we are counting on janet yellen to suddenly know just the right time to raise rates, just the right amount, given her track record why we trusting her to make any judgment whatsoever? her track record is terrible.

she will make the worst decision possible. you can count on it. stuart: when you are a harsh guy but sometimes you are right. yelp, they are down but they made a profit. what is going on? >> first quarter of the profit ever, stock is down 11%. the growth wasn't as good as people thought would be. the analysts who follow these companies following closely and make their guesses and one thing that was possible with local business accounts which came in a light. we know yelp has been expanding beyond the restaurant reviews site. you can book restaurants with a man they had event management and payments, but not meeting expectations of wall street would bring in. stuart: whole foods, stock is well down again, not the yuppie destination of choice anymore. >> will foods is in the whole world of pain, stocks down 29% year to date. those yuppies showing up at

places like wal-mart to buy cheap currencies, the whole take jack image not doing whole foods any good right now. oil fields is expected to launch its first-ever national ad campaign, possibly home delivery, wall street not really feeling it, not thinking that will help boost itself. >> not the only organophosphate game in business anymore. they started it, kroger and the others jumped on board and whole foods is tough to break into if that is not your place. i need somebody to say how about these? you like oreos how about you try these? you get in there and did is another world. stuart: you really feel this story, don't you? you are really into this. i am not saying anything on that one. we are going to go around the hole in. all three view, what predictions of the jobs report. we are talking how many new jobs will that report show are being

created? nicole: 230. >> unemployment rate 5.9. stuart: moderate, i say, moderate. 270, i said it. >> you never said any number like that either. stuart: i don't normally do that. of big one. thanks, that is it for the real halftime report as usual. john stossel says you should have the right to try and experimental drugs, your body, your choice. he is up after the break. i'm only in my 60's.

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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. stuart: general motors is facing another lawsuit, this time for something that happened after it filed for bankruptcy. >> after bankruptcy is keys this means gm has no in unity. an attorney from texas is now filing and other lawsuits, this one covers an additional 650 plus people who are injured or killed because they were in a gm car that had an ignition switch

problem. these problems were not necessarily in the original recall that gm first recall in february. this is expanding the number of people who had the bill for general motors. stuart: expands liability and the potential cost and that is why the stock is down 1%, 37. >> tomorrow, gm's compensation expert expecting claims for the victims affected by the recall cars, this new lawsuits cannot put in acclaim. this will change some more. stuart: the world is a better place we hear when we experiment especially when we -- excuse me, especially when we experiment with medical procedures which are you sure about this? the theme here is your body, therefore your choice. john stossel already made his

presence felt and i agree with you. it is your body, experiment on yourself if you wish, you are the one that is at risk and i believe you did that to cure your stutter, is that correct? john: that wasn't a chemical experiments but yes. i tried 100 treatments for my stuttering until i finally found one that worked. if you think of the movie the king's speech the king finally got treatment for an unlicensed therapist, a marquette and approved. this is why government and the fda shouldn't said these rules, that people try stuff. back pain. howard stern, don imus, greg gut feel, dana terry noe and i were all killed or help with our back pain by a therapist outside the mainstream who said it is all your head. how come back pain, everybody started getting back pain when all is not cured? this is a psychological problem and only found through experimentation.

stuart: you had back pain. john: i used to take a meeting that 2020 line on the floor because i was in such pain. stuart: when you went to an unlicensed therapist of some sort, physical or mental therapy. unlicensed. john: he had a degree but it wasn't the approved treatment. stuart: was it illegal for him to give that treatment? john: i try not to do things that are illegal. stuart: so you object to the formal licensing of certain types of treatment. john: we should have less of it. stuart: you should license yourself in other words. john: once you are an adult you are the decider, yes. stuart: how did you get rid of the scudder? john: i found a clinic in roanoke, virginia where they read taught us how to speak by showing us the rest slowing us weighed down for three weeks. we had to slow down to two seconds personable. was so boring but i was motivated. i wanted to keep my job in

television. stuart: network? john: that worked, i still practice sometimes. stuart: how long ago did you go through this therapy? john: 20 years ago. stuart: dui barseback into it? john: i do. if i fake it now, if i say vvvvv varney, it becomes real. of the 21 not now. john: not on your show. stuart: very good. tell me what is on your show tonight. john: tonight, 9:00. john: about celtics chairman station with yourself, your body, your choice. john: america was an experiment. stuart: i am with you. john stossel, thank you very much. more varney in a moment. friday night, buddy.

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faulting for the second time in 15 years, a talk with bondholders collapse. i will tell you about the chances for third or fourth party help. there is a documented sea change in the company's private equity firms are buying, stock prices have been high. not today but it does in general mean fewer public company opportunities. we will tell you about the consequences. black rock, the head alternatives, he says energy is a safe bet. argentina missed a critical deadline as part of the market's sell-off. ashley webster with me with the details. one of the most significant factors? ashley: argentina missing a $35 million payment to its investors but not because it doesn't have the money. it does, at least that money is sitting with the bank of new york mellon right now but because of a court ruling the bank is prevented from paying out. a federal court in manhattan ruled the south a