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tv   Varney Company  FOX Business  August 18, 2014 11:00am-1:01pm EDT

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on the session. it is a great time to handed over to stuart varney, time for "varney & company." stuart: yes, we have a rally for you on this monday. we also have this for you today, business responding to undress. cameras cubs can wear and use all the time and twitter cofounder brings instant reporting to the recent disturbances in his hometown. first the problem in ferguson's real-time objective information. one california town all police officers where cameras all the time and they are always on. use of force down, public complaints down, cameras like the ones made are in use. jack dorsey once real-time tweets from eyewitnesses. st. louis is his hometown and cofounder of twitter.
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messaging services the new reporting the stem for events as they happen. you have the latest developmen developments, business and technology may let us see exactly what is happening when it happens it may help. let's get to that rally, shall we? i bring you pretty good news if you are a stockholder. dow jones industrial average up 1%. 16,822. got a couple of dow stocks at record highs this morning. disney made its way to $90 per share, home depot on the upside too. $84 per share. dow jones industrial average.
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look at the nasdaq up 41 points higher. don't know how many years, but it is up there. how broad-based is this rally? up .8%, 15 points up on the s&p. stocks rallying so much, dropping down below $1300 per ounce. now the yield on the 10-year treasury moving up today still historically low levels, 237 on the 10-year. jay nixon calling in the national guard after another night of violence in ferguson. police used tear gas, shooting at officers and throwing molotov cocktails. a private autopsy an a michael
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brown showed six gunshot wounds including two to the head. next related item, in california and here please crew where body mounted cameras the size of a pager. within one year, use of force declined 60%, complaints against the department down 80%. bo dietl is with us now, welcome to the program. i just got out of the top of the show and said maybe technology, maybe these cameras can help in civil unrest situations like ferguson. what do you say? >> i believ agree with you, belt or not. you have to be able to turn it on and off, they should have some privacy, talking about personal stuff, they have to
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wear them all the time i then say every lawyer has to wear one. you are interviewing young victim in the hospital, what are you supposed to do, let her picture be seen? there should be a policy that could be helpful to the police officers in reality of a right situation going on. stuart: we could see if the police officers in ferguson have been wearing these cameras and turned on, we could see what happened when michael brown was walking in the street and was shot. >> it is a terrible tragedy for any person to die. my thingç.u+.u?ejbovv:,t
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>> did you notice who they knocked off wit? they are on twitter talking all about what they are doing. they shut down anything to do with them. this is getting serious now. you can put out anything erroneous and the next thing, it is viral. stuart: to sum it up, you would say yes, for use all the time with a few possible exceptions. >> get your programs and policies in line. i think be great help for the
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cops. i told them you are under arrest, put your hands up, he is not complying and the situation people can't say stuff that wasn't there. it could be very helpful. stuart: thank you for coming in on short notice. >> i was just talking to the commissioner outside, he feels the same way. they want to be able to turn it on and off. stuart: that is understood, cameras on the spot. >> i like it. i am videotaping you, i am telling you you are under arre arrest. stuart: everybody is on their best behavior. bo dietl everyone. got it. check the share price right now, very much in the news. that is a 7% gain. one of the companies that makes
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the body mounted cameras. it was a charles payne stock picks. okay, charles. i'm not asking you to take a victory lap, this is business coming up with help in these kind of civil emergencies. charles: it underscores your conversation with bo a moment ago. police departments around the country have been buying these for a long time, orders continued to go through the roof. on their home page at this very moment they say their product have saved 129,000 lives to da date. stuart: that's their website. charles: and then you throw in the camera, a recent study from 2011, 2013 getting a lot of press now, we talked what
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everybody on their best behavi behavior. this is the camera, citizen complaints down 88%, use of force down 59%. when we know it is being recorded, everybody is on much better behavior and it looks like major positive impact on society at large. stuart: i think it was up on friday, wasn't it? charles, thank you very much indeed. the dow up 150 points, more to it than that. the consolidation at the low end of the retail sector. ashley webster at the new york stock exchange for us today. your duty is to tell us about dollar general and family dollar, are they getting together?
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>> they are. dollar general would like us to be the case. offering $78.50 per share, his s mightily trumps the offer made by dollar tree last month $74.50 per share for the family dollar store. if they can make this work, it will be the nation's biggest retailer outlet. close to 20,000 stores in some 46 states, very impressive indeed. they have financing lined up. shares are up more than 10% for most of it. also very happy with this, carl icahn has been scooping up shares of family dollar stores. he has over 10 million shares and pushing family dollar very hard to do this deal with dollar general. if this goes through, it will be by far the biggest discount
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retailer in the country. stuart: i would be very interested to see how many have closed, believe it would be in the hundreds that have closed. it is also a reflection of who has the money in our society today. they don't have the money, stores allocated to them will close. thank you, ashley. president obama has returned from his martha's vineyard vacation for two days only. he is said to be in high level meetings. rich edson is in d.c. too. do you know who he is meeting with or what issues are being discussed? >> a day of meetings, they are communing with president of the united states right now. later this afternoon lunch with vice president joe biden and
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after that he meets with attorney general eric coulter, they will discuss what is going on in ferguson, missouri, the justice department will be conducting its own autopsy of michael brown. we will only get pictures the first one ongoing right now and the one with the attorney general, we will not have any reporters in those groups to ask the questions to get a reaction from him, his back to martha's vineyard tomorrow. stuart: thank you very much, indeed. first the irs, no e-mails going missing. responsible for obamacare's rollout. now we know those e-mails were deleted on purpose. we will bring you that, but first of this. a sneak peek from "star wars" seven coming out. mark hamill making an appearance. the movie fully comes out next year, here is a sneak preview.
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stuart: look at this, it is holding, the dow up 16,800. the dow was up 155 points. stocks up, gold down. off $7 per ounce, $12.98 is your price. price of oil is down as well continuing quite a downtrend this morning, $95 per barrel. i paid $3.17 per gallon of regular in new jersey over the weekend. you think there will be a two handle on it? that was the cheap stuff. it took me three hours to find. charles: he spen we spent the nt dollar to save $0.50. stuart: u.s. homebuilders, look at homebuilders stocks have more confidence, of go the sox two, 3% we have three headlines all on
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sports. tennis nadal, is out of the u.s. open. 20 years old ranked number two, is out. college football, florida state seminoles ranked number one by the ap, six time florida state is ranked number one. and the last one, one young woman gets all the attention at the little league world series. the pitcher is 13, 70 miles per hour fastball she throws, she threw a complete game shutout against the team over the weekend. the first shutout at the little league world series by a girl. the irs lost e-mails, obamacare deleted e-mails, that is the charge against maryland who played a big part in obamacare disastrous rollout. it's reported she told an aide to delete an e-mail exchange
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between the white house and the department of health and human services. they broke this story and with us again, good morning. let me get this right, she runs the agency that oversees obamacare that oversees the rollout. she says to an aide to delete that e-mail between me and the white house. >> the story has been changing. the healthcare.gov e-mails they have gone missing because marilyn has him at result outlook -- microsoft outlook inbox and asking to delete the exchanges. stuart: deleting because you don't want the e-mail in existence. >> we don't know much about the context, but her deleting e-mails isn't a good sign. she is federally tasked with
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ensuring they are safeguarded. in the best case scenario she's not fo fulfilling those obligats ignoring national administration record policies. stuart: that is important, is it a personal e-mail on her personal microsoft outlook account or is this an internal e-mail within hhs? >> either way it is not a matter because she is supposed to be protecting and saving them. she is where the buck stops for doing that. she will say she didn't know, this routinely happens. i don't think she has a lot of excuses here. stuart: lois lerner lost two years worth of e-mails between her, the irs and white house and/or the campaign to reelect the president. that was the track of the e-mails that were lost. it is the same track, where is
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it going to. >> we know it was one e-mail she was asking to be deleted. little more flagrant is the admission she actively deleted it. if she unlawfully did it, that is a felony, you can phase three years in prison for concealing them unlawfully. the turns out that is a public record and she did it, she may have broken the law. the obama administration has said repeatedly we are the most transparent administration in history. if this is what that advance looks like, they have a problem. stuart: how did you find out about this? >> congress is the one who found out about it. the obama administration saying it is the most transparent, congress saying they are having a hard time getting record. they wrote a letter saying the government wasn't giving them the records they requested, and
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as a journalist i have had a heck of a time getting records, for this administration claiming to be so transparent, why can't anyone get crucial records about key policies? >>stuart: thank you for bringing this story to us. talk of a bubble. report that since it could be a bubble about to burst.
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>> the price is dynamic, so that your parked in soho, the price is probably a little bit lower. $6 per hour. stuart: $42 tops. >> all-inclusive. that includes the parking. stuart: it can't. you can pay $40 for three hours in manhattan. >> that is the beauty of it, that is what we do. stuart: how do you do that? >> i don't want to tell you everything, you are on the right track, charles. stuart: valet anywhere.
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it is an apt, has we park your car in midtown manhattan, in a rush, some guy park your car for you and brings it back when you are done. there is an app for everything, isn't there? a woman in texas crated an app that locks for children's cell phone if they don't return her calls. they can only unlock their phone by calling home. charles, would you do that? charles: absolutely. absolutely. this is going on asap. i love it, absolutely love it. my son knows he gets back to me when he wants to get back to me, you know what i mean? we're going to stop that right now. stuart: how old is he? charles: 17. stuart: we have been talking about a possible app bubble on the program. we have a new report from the
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accounting people that is going to back it up. someone smart phone users are not scooping up new apps like they used to. jo ling kent is here to tell me why the downloading is falling down. >> first of all saying one in three people on smart phones are not downloading any apps on an average month which is pretty staggering news, and spending is down. busily the study says the average in age of a smartphone user is increasing, a 50 plus crowd is a smart phones not necessarily using data, they are texting more. that is the real crux of the change in that coverage. stuart: i think that demographic perfectly. i am above the 50, i don't download any apps and i text, i hardly ever call. i suspect there is a bubble, if the bubble bursts, what happens?
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>> the app bubble is difficult to pin down because if you look at the study, the app economy is still a 30-billion pound industry. relatively well considering, but considering the number of spending in app purchases is decreasing. you may remember king digital who created candy crush, they have had a decrease. stuart: the money earned on an app and the value has gone through the roof. now it is plateauing and could be coming down. >> it is possible, we could have an overall correction. however you have to remember still on an average monthly basis the number of apps people download still 1.82, down a little bit from the original, but that is still an average of two, apps, to be free or paid. stuart: ur do you download a lof
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apps every month? >> i do because i am reporting on the tech sector so i like to try things out. i download five to 10 per month. but i delete a lot. i like to keep my phone uncluttered, my home screen is just the things i need and maybe one other slight page and that is it. stuart: is it true it sucks battery power? >> you have to remember to quit your apps. it is like running your air-conditioning and hitting the gas on your car at the same time, it is a lot of energy. plus you have to remember you download too many apps, yo you'e going to lose out on your memo memory. my kid call home.
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stuart: our producer said we will show you how to quit the app after the show. >> i will show you after the show. thank you very much. the dow was up 150 points, that is right on, a 1% gain. armed raids on clinics in liberia igniting fears the disease could spread way beyond west africa. and our next hour, cameras, one town in particular. at 12:15. and later, the ceo of taser on this program, they make one of those cameras. medicare fraud, paid out just for motorized wheelchairs.
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♪ stuart: the nasdaq composite is at a year high. yahoo!, netflix, expedia, google. look at them. then we have governor rick perry. he is not backing down. he was indicted. he vetoed funding to a state agency. the person that ran that agency had been found drunk driving, a bottle of vodka found in her car. he is now being sued, indicted, criminally indicted because he did that. he found himself on the fox news channel over the weekend.
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>> i had lost confidence in her. we made a decision on whether or not it was the proper use of state money to go to that agency. >> even a columnist for new york magazine is unbelievably ridiculous. charles: it broke on friday. with out a dow, political. no one is going to try to take advantage of this. the county did say that there will not be a warrant out for his arrest.
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they should not be allowed to have seven and a half million dollars. he made a management decision. speak to the people of crisis. armed residents. that is the capital. they are booting materials. the library and government fears missing patients in the contaminated items will simply spread the items. the kernel joins us now from d.c. you are a military guy. yo africa. you know what is going on there. he bowled but is a very serious subject. >> it is.
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this is on the verge of a breakout. despite the diseases. all of that aside, patient fleeing, etc., stealing bloody sheets. why on earth would they do this? you have to understand the back story. what you are seeing behind this is a struggle. it is a socioeconomic and space struggle between western medicine. it is absolutely fascinating. they ultimately were able to make peace. it was fascinating to me. christianity is about the afterlife of saving your soul.
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when you have a problem with your lover or your spouse, you have to go to the local faith healer. there is no compromise. suddenly, it you are threatening the incomes and they are the ones that appear to be spreading this myth that ebola does not exist. the western medicine is actually affect you. all sorts of crazy things. how can they believe that? our own ancestors believed that. in times of hysteria and crisis, people look for somewhere or something to blame.
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it is like the new york stock exchange. [laughter] stuart: okay. west africa is primed for a breakout. a disease. a plague which will take countless lives because of this culture clash. is that your bottom line? >> yes. it is a slow burning disease. nonetheless, it is horrific. it is going to be an incredible challenge. crossing the water for you.
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whether it is bergesen, missouri, or wide-area, looked at the cultural problems behind it. that explains a great deal. stuart: tensions in ferguson rising. cops responding with armored vehicles. the militarization of the police is now a reality. we will deal with that next. >> reports of molotov cocktails. police were shot at. makeshift barricades were set up to block police. based on these conditions, i have no alternative but to tell the base the level of our response.
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♪ shingles affected me tremendously as a pilot. the pain in my scalp area and down the back of my neck was intense. it would have been virtually impossible in that confined space to move to change radio frequencies. i mean it hurt. i couldn't even get up and drive let alone teach somebody and be responsible in an airplane. as a pilot that meant i was grounded. we're changing the way we do business, with startup ny.
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we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov ♪ >> i am so webster at the new york stock exchange. tensions between the uk and russia. the dow is up nearly 1%. the s&p of eight tenths. individual stocks, this is an all-time high. home depot also hitting an all-time high.
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tesla shares up 1%. shares of procter & gamble are also moving higher. divesting some of its well-known brands. the company reportedly working with goldman sachs. coming up next on "varney & company," police forces turning into small armies. ♪
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stuart: a new survey. not good. one third of the people in america have saved nothing for retirement. charles talks about this all the time. in part, people have the, afraid about the stock work it. charles: i remember after the market crash, people told me i am out of stocks, but the housing market is rocking. americans chasing performance. this instant ratification thing has really sucked us drive. it has really hurt. we have had to market crashes and a housing crash. >> you have people that live paycheck to paycheck.
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>> one of the big problems, we have changed our mind that. we are living for today. we are living for today. do not wait. stuart: all right, charles. you make a good point. governor jay nixon is criticizing the over militarization of the police. he said he was under stroke when he saw the images of the ferguson police department. crystal wright is with us. i do not know where you stand on this. charles and i have been discussing this. i do not like this. if i am taking part in a demonstration, i am
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demonstrating on the streets. if i am approach on and armored car, i have a problem. where do you stand on this? >> i agree with you and charles. i do not want to be protesting the district of columbia and be facing off with the military tanks, rubber bullets and that sort of thing. democrats are the ones who are funding the militarization of the local police department. in june, there was a democrat from florida. he wanted to defund the militarization of local police forces. democrats voted against this. they are saying one thing and
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doing another. >> it is not a politicized issue. shortly, this weaponization takes place all across the country. >> the very people who are outraged by michael brown's death and rushing to judgment, president obama. a representative william lacy clay was adamant that he would not vote in support of this. look, i do not think it is a political thing. they want justice for ferguson. they do not like this image.
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it is reminiscent of the civil rights movement that went on. it is awful. >> i think that there is a compromise. do not get rid of all of this military equipment. have it available when the situation merits. charles: in this program, only 5% of the items have been weapons. if your kid is in a boy scout group and get lost in the woods, you will be thrilled. i admit, it was the worst-case scenario.
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>> i agree with you. they did not meet the proper level of force. these weapons need to be used with restraint. stuart: got it. i think we have a compromise agreement. thank you very much. rick smith. the ceo of tasered. he joins us. his company is one of the few that make them. the stock is up 7% today. there is a ferguson connection here. the church of england called the decision tragic and bazaar. we will deal with that in a moment also. former u.s. senator from vermont has died. he quit the republican party to become an independent.
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he was 80 years old. ♪ ♪ when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market.
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charles: they quickly change course. stuart: you cannot call her that. charles, you are going to make us some money. charles: a lot of things going on with this trucking company. mostly, small and medium-sized businesses. the company has been climbing. this may be five or six years ago. it is a huge market. 31 million. they are already in all of those
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nations. >> august, for whatever it is. new at noon. motorized wheelchairs. we have an investigator to tell us how you catch these guys. we've got the numbers on the middle-class squeeze. dramatically reducing citizen complaints and the use of force. the second hour is two minutes away. ♪ ♪
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stuart: the president's own base not doing well. here is my take. this is not a partisan outfit. the bottom 20%, they lost ground every year.
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african americans have been hit with the biggest income decline of any group. this is an indictment of redistribution. do not worry about the debt. what would work? we are starting our second hour. ♪ stuart: we have growth for stock prices. here is steve north. steve, i want to know if they would restore prosperity to america. they are the president constituents. >> stuart, you nailed it.
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we are talking about blacks, hispanics, when you talk about young people. those were the groups that were most likely voting for barack obama in 2008 and 2012. friends are getting richer. people at the bottom are not feeling it. stuart: i think both you and i are on the same page. you get the regulation reversed and you get growth. the top 20% is who it helps most immediately.
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>> i do not believe that that is true. in place for how fast that economy rebounded. we had months where we had 1 million jobs created. we have not come anywhere close to that under this recovery. you and i talk about cutting the corporate tax. let's just get rid of it. the united states has the highest corporate tax in the world. you want to see jobs come back to the united states, let's try that. >> you know what would happen, if you cut corporate income taxes and you brought back a substantial amount of that $2 million, a lot of it would go to shareholders.
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>> the truth is, 70% of americans have stock. when the american economy does better, all americans do better. people are not feeling this in their pocket borough rate now. in the 80s and 90s virtually every income group saw advances. the rich got richer. the middle class got better. that is not what is happening now. the republican candidates saying cut taxes. cut income taxes. do it.
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do it. who is saying that? nobody. >> they are not saying it enough. we hear some of the governors talking about it. this has to be the republican refrain. you heard about this secular sect nation. sorry, folks, that is the best i can do. you just have to get those policies week after week. you have to find the presidential candidate that will do it. [laughter] >> not with any force.
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>> you and i have to do something about that. republicans have to get back. even though clinton agenda. stuart: prosperity and opportunity. >> please come back next week for another dose of this. monday morning's rally. 165 points. the nasdaq is at a 14 year high. walt disney just hit 90. home depot hit 84. the nasdaq is up. the s&p 500 is up. dollar general offering to buy family dollar. dollar tree.
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the dollar stores are all coming together. it is happening. the 10 year treasury still yields below. a very interesting and low yield. flight to safety, anyone? good news for night owls at target. ashley webster at the new york stock exchange. >> you just have to get that album. target says, hang on good the stock is open from about 8:00 a.m. now, they are saying we will stay open until 11 until midnight monday through saturday. not all stores will do this. it will vary by each store. they are hoping to snag some of the stores.
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really, when you look at this, they are fighting over crumbs. i assume the labor department shows it. that is age 15 and over. 26% are watching tv. how many people are actually out shopping? is it worth keeping the lights on and the registers open? target says they would like to see some incremental increases. we will see. stuart: i wonder how many people are in bed and asleep at 8:30 p.m. like me. [laughter] stuart: i have an eye opener for you. medicare has spent $8.2 million on those power wheelchairs. today, the government says they don't know how much of that
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money was paid out to scammers. welcome to the program. >> there'll always be something you'd. stuart: shortly. >> it is after-the-fact. >> the system is the same way for everyone. stuart: what about after-the-fact?
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the money is spent on the item. okay. stuart: should i have gotten it in the first place. this is all complex. it is a recruiter. it is a doctor. it is a participant. the recruiter works for the doctor. the doctor works for a participant. the money is gone. they need to hire more guys like me to go out and hire these recruits. there are reports that the recruiters are using signatures of doctors that have passed away already. stuart: you go and you look for the recruiter.
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come on in. >> xml were issued through this office. we have to send somebody into the office. stuart: you could do that easily. >> absolutely. do you use your own name? >> i can't change my own name. stuart: you are a big guide. >> i am a little more known since i have been coming here. it is okay. you know, we find out what is going on. want to see a bulk of claims coming from this one office, you have to send somebody in there.
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this is, you know, they will buckle down on this scam. there will be something else. the markup is so big. the federal government -- >> it is insane. get out there and investigate. thank you for joining us. good luck. portland oregon. a nice rally. we are up 168 points. >> well, you know, look. we have the part-time amplification of america.
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everybody is fighting over crumbs. the feds messed up. i will take it. those are all things that are good solid investment despite the chaos. i do not like it, but i will take it. >> timing is always a bad idea. the last thing i would do is try to second-guess the fed. marketwatch reports that there is one tech analysts that says yahoo! shares could jump 15%. what do you say to that. >> i could see that. yahoo!'s whose business it self really is not worth a whole lot. i am optimistic. i would encourage people to think about a backdoor through yahoo!.
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stuart: you think that the 17,000 on the dow is coming back. is that on your horizon? >> yes, it is on your horizon. yes, i am optimistic and i want to be a part of this. stuart: we are up 170 points right now. now we are up over 1%. always a pleasure. thank you very much, indeed, sir. the use of force i the police officers dropped dramatically. i will show this to you after the break. ♪ you're here to buy a car.
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stuart: homebuilders say things are working up. when you start seeing nice percentage gains, you know investors like those stocks and they are all up right now. tasered is up 9%. early this morning, it was up 7%. charles has mentioned the stock several times on this program. the body cameras are worn by
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police officers. this may be useful in situations like ferguson, misery. here with the camera, the tasered camera itself. he is with us right now. he is standing right over there. he is wearing one of these. >> it is a body camera that is worn by officers throughout the u.s. the petition is going on in the u.s. right now. politicians are saying that this should be mandatory. >> officers have been wearing one of those cameras at the point where they stopped the young man and when he was shot, you would have a visual record of precisely what happened. >> you would have. the officer then turned it on
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and begins recording. the camera is already storing the last 30 seconds of the officers in that. it starts recording dirty seconds ago. it will record nine hours. stuart: you've just turned it on. you are wearing it. we have a monitory here that shows what you are recording. >> that would be like in officer's viewfinder. it is an official and tactical environments as well. also what you will see is the fact that this is almost indestructible. the question would come up about privacy. what if an officer decides to alter the information on the video making it not usable. stuart: you cannot get at it.
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>> once it is in there, it is in there. they would upload through the clouds. what that does is anyone can have access. that looks like a crime. we need to cover ourselves in this one. initially, we didn't like the idea of being monitored all the time. it now gives officers a great defense. they are automatically accused for doing
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if he acts on camera, it is really the leader in the market base. this is something that you will not break very easily. it hangs onto a officers uniform quite well. the idea that it could get lost is unlikely. stuart: it could have helped in ferguson. we have the ceo of peyser coming on the program a little bit from now. good demo. good stuff. we have rick smith. he is the ceo of peyser. how much, by the way? >> starting around 599.
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they will subscribe to a place to store all of this. stuart: thank you very much, indeed. twitter's cofounder, he has been sending a number of tweets and bind videos from ferguson, azeri. what we are doing here is looking at business and technology which they be a slew of information. you just solve the tasered camera. got that. now we have twitter. on the ground. live reports. what is happening now? >> something that we sell happening for years ago. we saw live reporting. it is interesting they are here
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in the u.s., we have a free media. here is what i am seeing. it is really compelling stuff. >> there is a huge danger here. you are asking ordinary men to be, journalists. they are not necessarily object it. they do not have to be accurate. it may or may not be true. >> it is an interesting contrast. it is recording the actual data. still, it is very much a meter into society. the fact that so many people
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across the country are doing nothing but talk about this, it is interesting. you cannot hide the fact that this is what people are talking about. stuart: find video -- thank you very much, indeed. interesting stuff. stuart: it is fascinating to me. it is unfolding so quickly. i find it truly astonishing in a country like america people are still going to bed hungry. not getting enough to eat. really? we have that coming up in just a moment. ♪
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stuart: i got a question here. why are americans going hungry in this land ever plenty? feeding america has released its latest report on hunger. feeding america is what i'm going to call the private version of government food assistance. the privatization if you like of food stamps, okay? two sides of the fence. we're joined by a special guest this morning, lauren bush lauren. welcome to the program. >> thank you. stuart: you're related to 41 and 43, are you not. >> i am. stuart: bush family? >> yes. stuart: you are here today to
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talk to us about the private provision of food to the very hungriest people. so here is my question your organization, the one that you're working with, you're providing food to 46 million americans, one in seven. >> yes. stuart: i'm astonished by that because food in america is cheap and america does have some disposable income amongst almost all of its people yet 46 million go to food pantries? what is going on? >> isn't that shocking? i think something most americans don't realize just the level of need in this country, one in seven americans, like you said. that is about 46 million americans are relying on feeding america, which is this network of food banks and suppan at thises and soup kitchens around the country. 12 million are children. stuart: this is private, private provision of food? >> this is outside, not programs. stuart: okay. >> it is, volunteer-funded,
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donor-funded and it is amazing because it is no longer, what this network was set up as emergency food relief. 63% of those polled in the recent study said they're relying on this network consistently. they're going every week, every month, to make ends meet because they need that extra food support. stuart: has this number gone up substantially in recent years. >> it has. since the recession, es specially, the cost of live is higher yet people aren't able to make the wages they need to get by. i think also something that was really -- stuart: economic thing? >> yes. stuart: the people that you and your organization and the people that you are working with with, that you're giving this food to, they don't have the money is that what you're saying? they are squeezed so much they don't have anything left over for basic food, that's what you're saying? >> yes. and the study even showed the choices they're having to make. 2/3 of the people polled, this was a study of 60,000 people
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across the country, they have to choose between food and medical care. over half have to choose between housing and food. and a third choose between food and education. so people are having to make that choice between very basic needs. and the finances is just often are not often not there to pay for food. that's when these food banks step in and soup kitchens to really fill that need. stuart: do you find it shocking. >> i do. i find it incredibly shock. stuart: when i saw the numbers, 46 million people go to private food pantries. the two may overlap of course, people getting food stamp money, i'm sure they overlap to a large degree, they have to. >> yes. stuart: but essentially, america, whether private enterprise or the government is feeding one in seven of its people. >> yes. stuart: that is what is happening in america today. >> yes. crazy. stuart: well, it is incredible. >> it is incredible. it is staggering. stuart: what about the argument, if you provide it people will
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take it? >> i think, this is what i found too in traveling but the study also showed this, is that most of the people they're serving are employed. they're working not one job, but several jobs. they're trying to get by. the difference, half of those who are employed are working part-time jobs. so they don't have that full-time income to really help. and again, the median income of everyone polled in this study was $10,000 for a family, for a whole household, to get by for an entire year. that is paying for utilities, housing, education, medical care. and then food. and that is, you know, i think says it all. that is why people are relying on the feed america network. stuart: lauren bush lauren, i think you opened our eyes and certainly shocked news thank you for having me. stuart: we appreciate that by the way. thank you for being here. >> thank you. stuart: okay. the fda has not approved a new sunscreen in over a decade. you can only get the good stuff in europe of all places.
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dr. manny alvarez on that in a moment. the dow still up 170. ♪ it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile.
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stuart: want to raise money for your campaign and avoid president obama? just reach out to senator elizabeth warren. liz macdonald, are you going to tell me that some democrats are reaching to the very far left. >> yes, they are. stuart: to liz warren to raise money for them? >> yes, they are, stuart. including democrats in red states. we're talking arizona, georgia. you're talking kentucky, west virginia. we know that politics makes for strange bedfellows. that $3 million pac machine liz warren has going. it is getting bigger by the day. what it does it make strange political bedfellows. natalie tenant, literally shutting off power in her ad in the campaign to the white house. war on coal makes it awkward, awkward for elizabeth warren to appear with natalie tennant. stuart: she is appearing with natalie tennant. >> watch this. senator warren is studiesly
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avoiding epa war on coal. instead bringing up wall street, fat cats in kentucky and west virginia. gnat at this tennant said she will continue to push back on senator war in the war on coal but needs her in the state of west virginia to raise money. stuart: makes sense. just odd political bet fellows for sure. >> sure. stuart: thanks very much. nearly 10,000 americans will die from skin cancer just this year, according to the american cancer society. there is a video that is making rounds on social media. people stand in front of a uv camera and it shows exactly how the sun sees your skin. look at this for a second. ♪
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stuart: whoa. that was a little shocking, wasn't it? if that is what you look like with a uv camera, or uv or ultraviolet camera on you. as we reported before, europe is way ahead of the u.s. in approving new sunscreens. therefore in turn, preventing skin cancer. dr. manny alvarez is here on this subject. am i right in saying -- >> that doesn't make you put cream on your face i don't know what else would absolutely. stuart: ugly stuff. >> yeah, yeah. stuart: we reported on this program that europe has sunscreens available to the general public which is way superior to what we're allowed to have here. >> right. stuart: is the fda, dragging its feet approving this stuff in america? >> the way that the europe and america looks at these creams is two-ways. in europe they're considered cosmetic products. therefore they have very little oversight and regulation necessary. here they looked as a pharmaceutical products and therefore they have to go through the fda process which is very tedious and very
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problematic. now the question is always this. would you buy a car with, that has technology from 15 years ago versus a modern car? that is exactly where we are on these creams. europe is ahead because they have approval for new products. in the old days we said there are two rays, uva and uvb. uvv gives you skin cancer. now we know that both do. there is combined result of damage that can result from these two rays. therefore the creams have to come to that realization and that has not happened in the u.s. stuart: so why don't you doctors get together, hey, we want the decent stuff, the good sunscreens? >> look, there is legislation, a lot of people are talking, one in five americans have skin cancer. stuart: yes, i have. >> this tremendous amount, getting worse. the problem, young kids, they open one of those fancy magazines i hate, celebrity magazines and see all the celebrities sunning and this and that. they worship the sun. not realizing that we have issues with skin cancer.
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they will see the consequences of that. even for the teenage population which i care more than let's say -- stuart: my generation. >> our generation i care more about them, and therefore something has to change. i hope this legislation that is being proposed by a lot of people including doctors and congressman and things of this sort would do something and people wake up. stuart: surely i could go out to new york city today and buy a sunscreen product which will adequately protect me from skin cancer from the dangerous rays? >> the answer is yes. not that many. >> what is the ingredient in the european product we don't have? what is it? >> different chemicals they come out with, only specifically targeting uva. that is the wrinkle here. we have zinc oxide. >> no pun intended. more powerful. >> they are looked at with better protection and more, how long does it last on your skin, how does it work? what happens if you go in the water does it get washed out?
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the products in europe are far more superior and they do have to come back here. stuart: dr. manny alvarez. that is good stuff. >> thank you. stuart: cops in california, one california town that is, they're wearing lapel cameras of the use of force and complaints against the police dropped because of those cameras. we have the ceo of taser. that is the company that makes one of those cop cameras, rick smith. he is our guest next. crestor lowered bad cholesterol in it's a fact. high-risk patients more than lipitor.
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>> i'm ashley webster at the new york stock exchange. u.s. stocks starting the trading week on a strong note as investors seem encouraged by deal news. lessening of tensions between russia and ukraine. across the board green. dow up 1%. s&p and nasdaq close to being up by 1%. on economic front, latest homebuilders survey showed confidence at seven-month high. that is providing boost to home-building stocks. green across the screen. pulte group, hovnanian, lennar, kb home all showing nice gains on the day. we're keeping eye on shares of dollar general, making a $9.7 billion for family dollar stores. up 9%. family dollar stores up 5% on the news of a possible deal. coming up next stuart varney will talk to the ceo of taser about the issue of cop cams. fox business network continues
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stuart: look at this thing go, taser well up 7%. $15 a share. it wear makes victim's cameras worn by police officers. they wear them on the lapel. they look out. they record anything that happens in front of the police officer, any confrontation. you have video and audio record of what happened. here is the ceo of taser international, his name is rick smith. rick, i think your stock is up
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because, those cameras of yours, have a use in situations like ferguson missouri. if the police officer making initial confrontation with that young man worn one much these cameras you would have visual and audio record of what happened and available immediately. i think that is why your stock is up today. >> absolutely. heart breaking to see what is happening in ferguson because we have technology that we believe could have made a difference, giving everybody facts what happened and right now we don't know. stuart: we had one of your cameras in our studio literally half hour ago and we show everybody how it works and what it can record. it does nine hours at any one stretch and up loads the information to the cloud and readily available, if you want a record of anything available. it is available right there. do you have this right, rick?
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>> that is the part pretty unique. we're doing for law enforcement what apple did for music industry 10 years ago. there are tons of cameras to buy. if you're a police officer and thousand officers recording 10,000 videos a day, how do you handle 10,000 videos a day coming in, that is a lot of video evidence. it takes a right technology to hand ale all of that. because we do it from the cloud, police departments don't have to worry about turning into big technology outfits. they can plug into the internet with the cameras and have it live in matter of hours. stuart: the problem for the police department is not cost of hardware, what we're seeing on the screen, the problem is the cost of all the storage, because that i believe is out of reach of some police departments actually, with the cloud we brought the the cost of storagen dramatically. the city of rialto, you referenced earlier found dramatic reduction in complaints
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of force, their financial analysis they saved $4 of hard costs for every dollar to deploy. storage, software, cameras, paid for them four times over in the first year. the big cost is not doing this. what does it cost a city like ferguson, frankly right now? the social unrest, you know, just the cost in human terms and then the financial costs, those are really the big costs. we think technology is a money saver right out of the gate. stuart: your cameras were originally brought in to show what happens when police use the stun gun, the taser, itself, the actual electric gun. you have alternate use for those cameras as brought out by ferguson. last word to you. >> yeah, you know if you look what happened a year ago in daytona beach, you probably never heard of it but there was a police shooting where the initial reaction was police shot and killed a man in bed. but when they had the video, it actually showed that the man they thought was in act of stabbing a woman with a knife and they happened to be in a
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bed. now imagine if they didn't have the video, we may have seen protests like this one year ago in daytona, but you never heard of it the facts showed in that case the officers acted reasonably. we wish we knew the truth what happened here so there wouldn't be so much conjecture and controversy. stuart: we appreciate you being with us today. very important information that you brought to us, we appreciate it. thank you very much indeed, taser international. >> thank you. stuart: thank you, sir. baron's bounce, we bring it to you every monday morning. today this monday the "barron's" bounce went to schlumberger. phil roosevelt with "barron's" will explain why schlumberger got a bounce up because of what you wrote yesterday. >> what we like about schlumberger, first of all it is the giant in oil services around the world. exxon, chevron, all the big companies rely on it for things like drill bits, service support. they're the granddaddy of the field. they have been lately bulking up in north america where the big
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boom is, the fracking, energy boom in north america. they're getting their share of that. they're becoming super efficient in their own operations. they benchmark themselves not just against other energy companies but against aerospace companies, tech companies. they don't sit on their laurels. they look how to be the best. stuart: your track record is spectacular. every monday morning you appear on this program. you tell our viewers how a stock, a stock you liked, written about over the weekend in "barron's," it goes up. every single week gone up. got it right. terrific track record. >> thanks. stuart: you're not allowed to tell me who you are looking at for next week, are you. >> no but i should tell you wei. >> 50% by when. >> next year or two. stuart: stuart: schlumberger would be $150 stock, not 100 as it is now. >> right. stuart: you heard it and watched it first hear.
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phil roosevelt. thank you, good stuff. >> thank you. stuart: something completely different. jeff flock drives a car on a ice rink. it is all about snow tires. jeff's next. 9m how about over there?
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stuart: i don't know why i'm in that car. our own jeff flock is quite literally driving on thin ice today. jeff what are you doing on a car in a skating rink? >> tire rack is the company, stuart. i'm an official tire tester for them today. in this car that you see right here, two identical cars, the white one i'm in has all season tires. the one behind it as winter tires. remember the days we used change tires out, winter tires to summer tires. they would like people to do that again. whoa, jesus. i was not supposed to do that. apologize much. not that, not supposed to happen. stuart: to be clear you're in the car which does not have winter tires? >> i was not really planning to do that because this is new bmw that i'm driving. that was not good. but this is the point. i am so sorry, that, well -- stuart: we'll leave you jeff.
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got leave you. we have breaking news. leave you in peace as you slip around. >> i apologize. stuart: breaking news. it is from the treasury department, officials put together a list of administrative options for secretary jack lew to consider. they're looking for ways to stop u.s. companies reorganizing overseas to avoid high taxes here. note, administrative options. can't go to congress to get a vote on it. no, it is pen and phone. the president will do it administratively. is that right, liz? >> that is what we reported three weeks ago on the show, stuart. the president, administration would likely make this move, meaning through regulations and tax code moves. they won't do it during the august recess. it will take much longer. in other words, the president is not going to use the pen and phone while everybody is out of town. it will take some time to make these moves to stop companies merging with foreign companies and moving their headquarters overseas. stuart: we hear you. thanks, liz. >> sure. stuart: march varney next.
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>> you do this for like "star trek." the camera has already been storing the last 30 seconds of the event. now it is picking up the audio as well. stuart: that was a live demo of a body mounted camera they were wearing it capturing exactly what they are doing while they'rtheyare on the job. the rest of the show, had this to say the last time you downloaded an app, i downloaded the facebook messaging app because i was annoyed with reminders. now i'm annoyed by the app. this to say about having
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jo ling kent close the applications on my smart phone. is there an app to create a rotary style dial pad? it would make him feel right at home. very funny. deirdre: here are the alternative investing stories we are following for you. family dollar stores, target, dollar general offering more cash for it to squash competitor dollar treebeard shelly banjo with me with the latest. picking up, apps to the graveyard, happening more often and faster. jo ling kent will show you the math. and advertising more than $500 billion industry, the founder of new york city largest tech startup joining us for exclusive conversation on the companies

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