tv Varney Company FOX Business August 22, 2014 11:00am-1:01pm EDT
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do not know about so come down and check it out. thank you for having us today. markets are down, it is down decisively, dow jones industrial average down 45 points, as in the and russell 2,000 underselling pressures this morning. thanks for joining us. i will see you after labor day. have a great labor day. time for "varney and company". stuart: stopping gneisses, better yet killing isis. that has become a financial necessity. good morning. ices already brings in $2 million a day from oil. that is financing its terror. the terrorists have their eye on vast oilfields in southern iraq, kuwait and saudi arabia. that is a financial threat to everyone. defense secretary check hegel says isis is, quote, beyond anything we have seen before, worse than al qaeda but the plan is containment. the terrorists are clearly a
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security threat. texas governor rick perry says they can come through the porous southern border legally of 1,000 american passport holders among the isis fighters. today wall street is apparently obsessed with the federal reserve. we will concentrate on the threat to your money and your life. "varney and company" is about to begin. ♪ stuart: listen to this. this is what defense secretary check cable set about isis. >> beyond a terrorist group. they mary ideology, sophistication of strategic and tactical military prowess, they are tremendously well funded. this is beyond anything we have seen. we must prepare for everything.
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stuart: colonel oliver north is with us. if isis is so bad, such a threat, why don't we have a plan to get out there and kill them? >> everybody else has up plan. if you look it david cameron, he came back from his vacation because he thought perhaps, it turns out to be true, the murderer, not executioner, the murder of james foley had a british accent. our president took five minute of his golf game to talk about the evils of al qaeda. everyone knows what they are. what we saw were brutal execution and murder of james foley is what they intend for the rest of us. on top of that -- stuart: terribly sorry. i am really agitated about this. why are we not flying 100 sui's a day with our planes? we aren't doing that? >> consider the most transparent
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administration in history is opaque about all things except u.s. special operations telling our enemies things they don't need to know. is never a good idea but that is what the crowd does, exhibit 1, serving 23 years in jail, they now revealed we tried rescue mission for foley and the other two americans. what the devil are our objectives. before you commit american troops you ought to know what you want them to do. john kerry says isil is a quote makes evil that must be destroyed. the president wants to contain and prosecute this as a legal matter. stuart: attorney general eric holder wants to arrest the executioner, the murderer, wants to give the lawyer, in court. i say drone that guy with a british accent. are you with me? >> one of the problems is we have given isil, the islamic state, whatever they're calling
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themselves this week, a safe haven. we have allowed them, as far as they are concerned the border does not exist between syria and iraq and we will not push isil across the border. giving a safe haven to any opponent is a terrible idea and they say oh yes, we want to pursue justice. what does that mean? i would submit this administration has a few days, not weeks or months to tell the we are going to hunt you down like ronald reagan did. he waited until after we had the terrorists in hand to say something like that. the fact is if you don't laughter isil and prevent some consolidating it is a disaster long term. the answer ought to be done now. order carry a battle group to the mediterranean and marine expeditionary force. we have none there. offer no safe-haven, attacked isil high-value targets, logistic sites, command and control communications nodes in
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iraq and syria, they have not been given a single bullet yet even though everybody promised to do so, give them not only weapons and and all but the mobility they need and i mean yesterday. use joint tactical air controllers and the iraqis to shore of the regime and make sure you can start rebuilding relations with sydney tribes that i covered for so many years, lead for change, mr. obama. it is called an urgent summit, build a coalition in western states to understand perhaps far better than he does the threat to all of this from isil. stuart: i want you to listen to texas governor rick perry, who says our borders, the southern border is vulnerable, isis could walk right over. listen to what he has got to say. >> individuals from isis or
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other terrorist states could be, a very real possibility that they may have already used that. stuart: i know the border is not your territory and i know that. we have discussed what we should do militarily. i want to your comment on that, that the border is open. >> you have given me a wonderful opportunity for shameless self-promotion. rick perry has read my two books, heroes proved and counterfeit lives because both of those books deal with that very problem and obviously this administration is not paying attention. what this administration has got to do is stop talking about the things we won't do. no boots on the ground, no troops on the border and start talking about the things we are doing. the problem with this crowd is they don't seem to know what to do. they need to sit down and listen to people, there's a lot of them out there. the waste basket at the pentagon, there are some people
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who could give them good vice and now is the time to do the things i just described to. stuart: talk to david cameron, britain's prime minister. thanks for being with us. see you again soon. got to get to the markets, check the big board. janet yellen made a speech. i have no clue what she said. i can quote you verbatim what she said but what it means i don't know. will rates go up sooner or later? i don't know. is there slack in labor market? she doesn't know or at least she is not speaking clearly. that is what the market is reacting to end by the way there is a report that 70 russian trucks crossed the border from russia into the eastern part of ukraine, 70 of them. last time that happened, ukrainians attacked that convoy and beat it up pretty badly. no further news at this point but that is a factor in this market at the moment. let's move to the s&p 500, closed at a record high, down a
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bill this morning. where is the price of gold? up $4, 1279. where is the yield on the ten year treasury? still be a historic lows, unchanged since yesterday, 241. where is the price of apple stock? there are reports that supplies are scrambling to get enough screens for the i phone vi. there is a supply chain problem. to tears? apple is at 101. with the release of the i phone vi just around the corner walmart is offering the i phone 5 c, $0.97 with the two year contract. remember when we foolishly perhaps close game stop on death watch? look at it now. it has a nice boost from strong sales of x box and placed asian consuls. isis, the market, move on. aereopostal, a teen retailer. the fashion they got in before. >> they are having a hard time
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and they forecast a weakness going for. stifle nicolas wraps up and said a couple things. what their business is is very successful, low growth tee shirts, louise, denim. it lost its appeal completely with teenagers and secondly, trying to find the new, hot thing has not been going well, to find a more fashionable trend assortment has proven difficult. vostok is down 9% today, it is down 60% this year so the forecast is weak, it is a negative. that is continuing. on your game stop you talk about the consoles, that was really what impressed bank of america merrill lynch. mario kart 8 and was another good game, came in at 16.5% and the essence was 5%, one of the reasons they reiterated their
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buy rating. stuart: i will never put them on death watch again. if i put something on death watch the thing goes straight up. i should have put microsoft on death watch. where would we be now? $70 a share or something. hold on a second. the wall street journal backing up our reporting that obamacare makes the economy sick. the fed survey of mid-atlantic states says 18% of businesses are cutting jobs and employees. in the new york area of the fed says 20% of manufacturers reducing workers, 17% of service firms in the new york area down two, cutting workers. look to the south, the atlanta fed says 34% of businesses plan to hire more part-time workers because full timers are more expensive. welcome back. is obamacare to blame for that? >> this makes sense. if you are raising the cost of something you will get less of
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it and obamacare raises the cost of workers, reflected in these numbers and remember this is coming in the context of five straight years of expansion so in the fifth year of recovery you are seeing 20% in some cases of these companies saying we are going to reduce the number of jobs, change the composition of our work force but again logical sense cost goes up, supply goes down. stuart: i am sometimes accused of cherry picking statistics, going to the people who are on my political side. can't say that about the federal reserve. >> you certainly can't say it about three separate banks and the federal reserve system. the economy is a complex mosaic. obamacare has not been in place long. on the editorial page, the editorial called the unemployed by obamacare in the paper this morning, what we're doing is presenting the numbers to give readers a sense of here is what we know now when here's a context in which you can think
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about why these numbers are happening. stuart: two months and a couple weeks until the election. i think the economy may come back on to the front burner of the news cycle. we have not talked much about the economy for much of the summer. overseas headlines grabs the attention. but now i think the economy is coming back into focus and news like that from these federal reserve banks is not good news for the obama administration two months before the election. >> a lot of workers don't feel this is a recovery. stuart: i have a poll here. in new hampshire, scott brown, do you seize that? the republican candidate for senate in new hampshire is only 2 points behind jean jean, the democrat. got 46%, scott brown 44%. a month ago, there was a 12 point gap. >> he is running strongly against obamacare.
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thank you, mary. little league world series presentation many davis and the philadelphia dragons are out of the tournament, they have a second loss last night to chicago. many took the world by storm with her 70 mile an hour fastball. and because she is only the eighteenth young woman, girl, ever to play in 68 years of little league world series. she made the cover of sports illustrated. what does money want to do with her future? play basketball for the university of connecticut. >> number one forever. stuart: uconn, that is right. that is where she wants to go. listen to this. there is a shortage of qualified truckdrivers. can you believe that? with millions of unemployed, the industry crying out for drivers and they can't get them. what is going on here? we do have an answer.
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a different kind of wealth manager ...and black swans are unpredictable. stuart: janet yellen speaks. happened to clue what she said, we were down 40, now we are down 25. check the price of gold, up 3 bucks, 1279, check the price of oil. i feel like good morning vietnam. what is the weather forecast? hot. by the way crude-oil is at 93. big-name you know, marine mountain. a new high. actually it 130, 10% gain. i missed that. there is weaker demand for agricultural equipment. john dear laying off 460 employees. not good. $84 on the year. 30 seconds of headlines for you. an auto worker finally charges against his union and ford. he wants a refund for the union
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doesn't want his money going to political campaigns. that is a problem for the union's list of restrictions on prescription painkillers coming soon. that is a serious subject. >> we shouldn't make light of it. stuart: did siegel breaks it down later. the fed chair janet yellen speaks. i have a clue what she said and no clue what she means. will those rates go up sooner rather than later? slacking the labour market, she doesn't know, not speaking clearly. we try to interpret it. the market doesn't know what to make of it, down 26. not dead flat. 0.1% down. to me that is dead flat. the american trucking association estimates we are short 30,000 truck drivers. new regulation might make -- drive some more drivers away.
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we are joined by the executive vice president of the american trucking association, welcome to the program. >> good morning. stuart: good morning to you. we are talking about this alex trebek log, what is the correct name for it. >> the electronic blogging device. >> can't write something on a piece of paper that isn't true. this is an electronic log. it will restrict the hours a trucker can drive straight through for and that is up problem for the trucker because they will earn less money. that is a problem, isn't it? >> the good news is we have a lot of experience with these devices. we have experience in their impact and will be a doing in the marketplace. stuart: when it is a safety feature. i got that and now will be
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extended to what is on the road. it will further exacerbate the problem of finding qualified drivers because the qualifications required to drive a truck, more strict, more stringent, now with this electronic blogging, the number of hours for work will be to some degree restricted. it is a problem for you guys. >> quite honestly, the impact on drivers and wages is probably over standard. drivers generally like these. at the end of the day, if i put these in the trucks i quit. two week after they were put in the truck if you take it out i
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quit. they end up loving them. nick the company more efficient. stuart: i got that. why are your 30,000 truck drivers or in a country with millions of people unemployed. >> there are increased regulatory restrictions outside this area. the medical qualifications, the fact that there's a new oversight program, getting into business of little too much. not everybody wants to do that. is a big responsibility. not everybody wants that. stuart: they are not making a lot of money. what do these guys get? they are away from home and awful lot. 60,000 year? >> the average is short of $50,000 which is not high enough and the good news is with the shortage we are talking about, the industry and the marketplace is reacting to that. we see all kinds of fleets in the past few weeks starting to
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raise drivers' pay. we do need to recruit more people into this industry. stuart: i always think of you guys as the good economic indicator. the amount of freight your truck around a country is a good indicator on the state of the economy. would i be right in saying your freight volumes at this moment reflect an economy growing about 2%? >> fade to. that is almost on stock. bob put out more data and it was short of 2 present on the positive side. you are spot on. stuart: a great indicator. thanks for joining us. we appreciate it. difficult time in the trucking industry to some degree but we appreciate you being here. a new warning from jean mail users. your information is even less safe than you thought. we will tell you about the latest threat your privacy. i knew about this.
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>> we don't think it is necessarily secrecy. we think this is a new phenomenon where you can control the information you share on the web. stuart: that was destruct's ceo talking about his privacy. he doesn't allow information you sent to others to be saved, screen shot, forwarded, archived in any way. you have control of your information after it left your device. pretty good. we ask you if you would like an apps like that to protect your information. john says your privacy is a fantasy. there's always a way to save something even if it is an old-fashioned photograph of the screen. someone will develop a save hack for it very quickly. good point. good point. researchers in california and
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michigan found a way to hack into jean mail with a 90% success rate. everyone has said g mail account these days, we're talking about access to a bunch of information. >> was only launched a decade ago and now dominates. one of those researchers in an immigrant from china so yet another argument here for immigration reform, giving people like this this, stable a green card to this fellow's ph.d.. he is at the university of michigan, good for him. useful information. stuart: long ago i figured out don't put anything into an e-mail message you don't want read by the rest of the world. >> thanks to alfred chen, immigrant, and these two other researchers we can quantify just how on secure it is and because
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that information has gone public google is going to be under a lot of pressure to close -- stuart: when did they publicize how to hack into? >> no but -- i am not -- everybody knows you can go on there website and read the research. stuart: thanks a lot. remembers the impossibly hard but incredibly popular iphone game flapy birds made by john grant? he pulled the game from the apps store because he was overwhelmed with all the attention he was getting. he is that. just released the latest game, swink copters. it is even more frustratingly hard than his original game. swings copters has been out for one day. it is already number 2 on apple's list of top downloads or downloadable free apps. what was it? swing copters. next, the new iphone expected to be released next month but according to a new report there
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may not be enough of them to meet the demand. later this our washington's top tax crusader grover norquist loves uber. what does he think about uber hiring one of president obama's top lieutenants? that is an odd mix. one of the biggest stars in pro basketball being courted by under armor. does that make the stock a buy? that is coming up at the noon hour and we have the ceo of shares sam, one of the most successful apps out there. listen to any song, tells you what is playing. it lets you buy it from itunes as well but here is the question. when i they going public?
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killed. >> he started to get to. he fired several more shots and my friend died. stuart: get this. the new york city's teacher union. >> he was put in an apparent police chokehold. if i were a teacher in new york city, i would be very angry if my money was going towards this. it is absolutely awful. timothy cardinal golden stepped in.
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he held a meeting trying to calm tensions. stuart: let's move on, shall we. first, we will rustic. he will talk out both. the next iphone. it should be released in september. there is a screen problem? >> yes. apparently, there is a screen problem. i think they will still hit september. stuart: if you want a new iphone, it could cost you just
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under $1. walmart slashing prices to $0.97. $0.97. that is a deal. >> it is a deal. this is actually last year's bottle. and one month, it will be an older model. stuart: would you turn your nose up at 897 set apple? do you have to have everything brand-new? >> absolutely. that is how i live. i have to be on the inside. stuart: i want something good for you. microsoft. i have a report they will be launching windows nine soon. >> when does a launch. it had a bunch of problems.
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they updated with windows a .1. they fixed some problems. windows nine is getting it closer to what all of their fans were asking for. they have said that their are certain aspects that there are. stuart: last topic. he says that sony is planning the battle for the living room. that is good news for game stop.
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>> i kind of call this from last year. i actually said that the microsoft console would be better than the sony. people have to go, by these consoles in their stores. i remain sticking to that. once they have the hardware, they don't need to buy the store to go into software. stuart: all of those poor people, our viewers -- >> i said five years.
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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. [ male announcer ] since we began, mercedes-benz has pioneered many breakthroughs. ♪ breakthroughs in design... breakthroughs in safety... in engineering...
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and technology. and now our latest creation breaks one more barrier. presenting the cla. starting at $29,900. ♪ , local. nicole: i am nicole petallides with your fox business brief. it has gone back and forth. the s&p is slightly lower. the nasdaq within the aero. here are some of the winners. home depot right now is down. a winner this week. here are some retail movers for you. and tell and -- ann taylor.
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it is down 3%. grover norquist. first he loves uber. dusty about the new hire? we will take that information next.e' ♪ toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side.
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stuart: researchers at the university of washington say there is a global warming hiatus. they say it has plunged into the atlantic ocean. part of a nationally occurring cycle. uber coming out of nowhere. now it has a value of $18 billion. now this, former obama staffer david roth will be uber negotiator and chief. grover, i was expecting to see you smiling there. what do you make of this guy. >> more challenged. the challenge for uber.
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for air bmb. for a list. for all of those efforts to break through corrupt cities and cartels and cronyism. all stand in the way of reforms. uber is the one that everyone knows. there are a series of others in other industries. we have to break through that. i think this is a teaching moment for cities. stuart: have conservatives really embraced uber? have they really wrapped their arms around it? >> you are certainly seeing it
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in social media. once people use uber, air bnb, they do not want to go back. they are willing to fight city hall. 100,000 such fights across the united states. every one of those is an educational moment where we can teach people about corrupt big-city government. >> it is sad that uber has to hire a godlike david plouffe. >> you hired the democrat to go ask you please.
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>> there are a bunch of people who think they are democrats that really are not. they cannot do what needs to be done to reform education or anything else that makes the city work. they can either join our team, or bang their head against the wall for a few more years. stuart: will i get a tax cut. a corporate rate level or the individual tax rate level. >> i think it is very possible.
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it could look like the last six years of clinton. it works well together. they had not done that before in majority status. they will sit across from obama. obama has been telling the corporate community 45-six years now that he knows the rate needs to come down. at some point, he actually needs to do something like that. stuart: have a good weekend. we will see you soon. if we do get a republican sweep
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of the senate, do you think i will get a personal income tax rate cut? >> there is nothing in the president's history that suggests he will not compromise. republicans, if they win the senate, there will be some pretty uncomfortable positions. he will have to veto it. the american people will see. stuart: i think that issue in which there is a real string and policy would be energy. i think you will get that pipeline built. >> i hope you are right. to me, his history, his character, this is not a person who compromises or learn.
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stuart: how about this for a startling number. 36% have no retirement savings whatsoever. let's bring in scott page. helping people retire pipeline their life insurance policies. that is what you do. you buy a life insurance policy and you give somebody the cash. you cannot help these people. they are most unlikely to have a life insurance policy. you cannot help them. >> unfortunately not. seniors should consider reinventing retirement. it is not the retirement our grandfathers have. seniors today remained vibrant. i recommend seniors to consider
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commune living. stuart: are you kidding me? >> you want to move in with somebody that they may not like, particularly. >> well, first of all, they should find somebody that they do like. bob dylan said it, times are changing. they may want to consider a reverse mortgage. stuart: i know what line of business you are in. how is business. >> business for us is very good. people are thinking outside of the box. it is ways for individuals to get access for a large amount of
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capital. take a private pension fund and gives them a monthly steady income to help budget their lifestyle. stuart: okay. we've got it. thanks a lot, scott. he wants his dues reimbursed. we will speak with right to work group. we will also talk tennis. golf is losing players. the answers are in two minutes. that is where we will begin the second hour. ♪
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risk for plaque buildup in your arteries over time. so, when diet and exercise aren't enough to lower cholesterol, adding crestor can help. i'm down with crestor! crestor is not right for everyone, like people with liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor about other medicines you're taking. call your doctor right away if you have muscle pain or weakness, feel unusually tired; have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of rare but serious side effects. are you down with crestor!? ask your doctor if crestor could help you. if you can't afford your medication, astrazeneca may be able to help. stuart: check the big board. todd lanier. he will be a big problem for the
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unions. a big problem for democrats, two. he wants out. he may get his way. michigan is now a right to work state. he does not have to be a union member. first, he wants a refund. then, he wants out of the union altogether. home of america's auto industry. union members may be fleeing for the hills. probably, less money going to democrats, two. the unions have invested heavily. this will not happen overnight, of course. we may be seeing the next leg down. ♪
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>> he cannot leave the union completely. a contract with the uaw is up next year. do you think he will be followed by a lot of other people? >> they can spend it on politics. they can decide to say we do not want to support that any more. they can withdrawal all their money. stuart: why are you antiunion? >> we are not. they have vibrant, union movements. they have been relying on this for so many years.
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now they have to provide services. we think it is fair. tell me what happened in wisconsin. the new regime said we will not necessarily collect the dues. >> at the end of the day, government employees, except for police and firefighters, have work protections. that is what it is all about. union officials can serve their workers. they have compulsion. that is what is wrong with labor
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policy. stuart: does the pace change? >> i do not think so. this is about workers having a choice. those are the two parties in this battle. the republicans. we have been disappointed, to say the least. democrats are fairly reliable. republicans are somewhat reliable for the unions. stuart: unions did push for higher giveaways. >> i do not think that is true. when you actually compare apples to apples. they have a higher disposable income. the unions even recognize that
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now. stuart: thank you very much for joining us. i just got a flash report from the "new york times." russian forces in ukraine are firing artillery. that is a report from nato. have not had that kind of impact on the market. i will call that pretty much dead flat. ninety-three, is it. 9312. the price of gold was up. ten-year treasury, the yield, close that 241. john layfield from bermuda. john, janet yelling, i have no clue what she said. i am not an interpreter.
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you want to help me out here? >> no. i do not think we will be able to translate the thing she does not know either. we have structural unemployment in our country. those are the jobs that are out there right now. you can have interest rates below zero. she will not big knowledge that. that is the problem. stuart: i am not denying that the policy is incredibly important for wall street. what i cannot understand, i will not go out and that my money one way or the other on an unclear statement from the federal
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reserve. next up, remember when we brought you the cop camera on monday? kaser. one of the companies that makes them. would you buy kaser shares? >> it is up about 30% this week. i would wait for a bit of a pullback. remember, go pro can also get into this market. one of the reasons they were able to do this is the iphone. it is a great idea to protect the police in situations like this. i think kaser is probably stocked. just not at this level. stuart: under armour is going after kevin durant. trying to take him away from
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nike. the question is, are you buying more? >> i do like what they are trying to do. nike owns 96% of the nba's sneaker market. this is a high-stakes market. they are taking a huge that. this is a real high-stakes market. i think they are doing a great job of it. nike has 98% share. 323 nba players total under contract. under armour has 13. that is the difference.
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stuart: thank you very much. then we have candy crush. heading to china, i hear. >> candy crush. that is a nice great move. it is, ultimately. it is going to be available in china. the problem is, their latest earnings report is weak. see that drop-off? for the month of august it is done 30%. is it a one-hit wonder with candy crush? ipo price of 2250. you can see today is to the downside. stuart: speaking of diamond digging. we will have read diamonds on the program.
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just for you, nicole. i am told they are words like 80 times more than ordinary. nicole, thank you very much, indeed. let's get back to the situation overseas. the isis that is beyond anything we have seen. eric holder wants to arrest these guys. i say the opposite. i say drone these people. listen to what oliver north said this last hour. >> it is a terrible idea. they say, oh, yes, we want to inhale justice. what the hell does that mean?
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it is a disaster for long-term. stuart: there are a couple of different sides to this opinion. i say you get that guy with the british accent and you drill him. just kill the guy. you cannot do that. that is unconstitutional. they may take eric holder's position which is arrest him. where do you stand. where are you on this? >> the point is together evidence. when you capture a terrorist, the point is together evidence and intelligence so you prevent a future attack. after you do that, then you try
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them in a tribunal. the thing that disturbs me is that they just forget this whole intelligence gathering part. remember when they captured that guy in libya? what did they do? they put him on a ship in the dead of night. it was like a couple of weeks. they sent him to new york for trial. it can take months if not years. keep them for as long as necessary to protect americans in the future.
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stuart: i want to get back to the market for a second. the dow industrial is down. despite the flash report i got from the "new york times." they are firing artillery. that means nothing to this market. no impact. let's get back to this story. the dea. limiting the painkillers. this is a huge app. it helps you identify a song when you hear one. you hold up your iphone. it tells you. you can buy your song through this thing, too. plus. a good news story. it went on for 11 hours.
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bank bailouts. it probably will not work again. democrats are also looking at income inequality. it is still out there for majority leader eric cantor. it is still probably the most visible example of that. it is nowhere near its heyday of 2010 and 2012, stuart. >> i find that interesting. good story. green mountain, a new high. this one is on its way. the u.s. open on monday. we have some numbers for you.
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we are looking at developing the players that are occasionally making them frequent players. the thing is, for years, you look at a baseball. they go from t-ball to coach pitch to kid pitch. now, we have low compression balls. the kids are learning. they can take that slow swing. the kids coming in at 810 and under level are very strong.
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another popular start. i have a pet peeve about that. do you? >> maria is an example. you know-- you have a lot of good players. you hate to see him out of the game. you have some younger players coming up. it will be an exciting open. stuart: okay. what about the future? can you keep the growth rate of?
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they can play it with a family environment. a father can play it with a daughter. a son. at a time when kids are trying to get kids active. it is a great opportunity. we have a tennis show coming up this weekend. it is a gathering of all the people in the tennis industry. it is not open to the public. talking about things we can do better. stuart: okay. soccer up. golf down. we now say tennis up. >> thank you. stuart: we have a real good news story for you. coming up next.
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and. the american flag in new york city, the sun is shining and that great music. we are always looking for good news on "varney and company," something uplifting because this is a great country. we try to look for it in the economy. existing home sales up last month but still lower than a year ago. personal income up but below where it was before the recession. there's always that caveat to the economic good news we bring you.
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a thoroughly good news story, sara lee uplifting, the starbucks pay it forward movement in florida went up to 12 hours. veronica with the wall street journal, described for myself and viewers what happened at that florida starbucks. >> a woman was on line getting her coffee in the drive through, she said to the teller listen, i would like to get my coffee but also pay for the copy of the person behind me. the teller -- the cashier said yes and that person got their free coffee and then they did that to the next person and the next person, 300 people got free coffee from the people in line before that. random acts of kindness. >> there's always cynical that you could think that way. i hope that is not the case. i hope this was just a woman saying let me do something good
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for someone else. stuart: it was a personal locker, a gift, writing a check to a charity. that person behind me, give them something. >> that is what americans like to do, they like to give to strangers and like to give to charity and to volunteer our time. we are the most generous nation in the world. we like to give back with a randomly to someone we don't know or someone -- a cause we're passionate about. stuart: are we the most -- are americans the most generous people on earth? >> 2013 world giving index indicated that. it was in the top 5, there are generous people across the globe who want to do good giveback in small ways and large way too, and there's still good in the
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world. stuart: not adulterated awful news around the world. the ice bucket challenge, i just got the number in. they brought in more than $50 million. >> that is so great, now a has spread stuart: thank you for the uplifting good news. it is one of the hottest and most useful apps ever. we have the ceo of shares and after the break.
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before the big u.n. climate summit next month. in new york. and they talk about how much carbon costs and how we achieve hayfork. listen to leonardo dicaprio here. >> if national governments won't take action, your community can. we no longer need the dead economy of the fossil fuel industry. we can move our economy pound by pound, state by state to renewable energy and a sustainable future. >> let me tell you what boulder, colorado has been doing for eight years. they collected $10 million in tax revenue by charging you and me regular residents $25 a year and businesses $95 a year and renewable energy is so expensive, as they are putting that money into their utility to get them fossil fuels and off of coal. they can build out the infrastructures and we can save on this renewable energy. that is what boulder is doing.
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other countries and cities are trying to do the same but at the national level this is hard to convince especially republican lawmakers that it is worth it because of the costs. bernard: it is their money, do what you like but don't take mine. >> $25 a year. >> i wouldn't pay a dime for it. not goodbye to you. i am not paying. >> i did learn one thing. stuart: i paid at the office. i paid with my electricity bill. get off my back. i am being extreme. >> people say that next year solar energy will be on par with natural gas. i thought that was a little bit early but that is what they're hoping. stuart: hoping. have you ever heard a song play in this war or a bar and wanted to know who's saying it, what is the song? you need shazam to. one of the most useful apps ever.
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downloaded half a billion times. here is the new number, 100 million people use it every month on their mobile devices. the ceo is with us now. welcome to rich ronny. welcome to the program. got to make sure i got this right. if i had it on my smart phone i walk into a bar, they're playing music, and i hold this thing up and the song is not recorded but it is recognized. they tell you what the song is. >> in 4 seconds. people do it 20 million times a day and almost works every time. when you shazam something we search any channel and identify it and give additional content like the lyrics of the song, but you watch the video, stream the song and all kinds of things. stuart: how long have you been in business? >> 12 years. we just crossed the 100 million
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active user milestone which is a very big one that very few companies have done. one of the most popular apps in the world. stuart: we will get is that in one moment. if i find out what song is being played i can click on the apps and more and download it. you get a piece of the download feet. >> over 400,000 pounds a day. stuart: tell me how shazam is going to work with tv commercials. there is a hook in their. >> we partnered with tv advertisers and networks, 500 campaigns including several in the super bowl and when you watch the ad that says shazam, when you shazam we recognize the commercial will take you inside the car can't give you a cuban you can take to the shop and use additional content so it is meant to be 30 seconds spot, caught your attention. i just push a button, no typing, a rich e. mercer experience on
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shazam. stuart: you could buy the product through the shazam apps and take your peace. are you private? >> we are private. stuart: who are your investors? >> carlos slim and american mobile, fantastic investors. stuart: and yourself. >> i am an equity holder or in shazam. stuart: when you have a large piece. >> a meaningful piece. stuart: what are you going to do in an idea? >> shazam would make a great public company some day, globally known and loved brand. we will do it when the time is right. stuart: are you thinking about it? >> we are building the best business we can build. stuart: what we thinking about doing an ipo? >> for a great company we will go public when the time is right. stuart: i you talking to apple? is apple talking to you about buying it? >> apple is a very important part of hours.
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the developer conference will be integrated when it releases later this year. we are an important part. stuart: you can incorporate. if i had $5 billion cash, if i stuart varney had $5 billion cash would you take that in exchange for your share of shazam? $5 billion cash? >> for my personal share, yes. stuart: $1 billion. >> the slippery slope starts. i can tell you our last valuation was earlier this year, $500 million. stuart: for 100 million monthly user's. and selling yourself short. that is ridiculous. would you take $500 million?
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i am getting nowhere. it is fantastic. when i talk to our team, how many and have shazam everybody has got it. great performance, thank you for joining us. ups, the latest big company to fall victim to a hack attack, why are they making it so hard for their customers to find out of their information was compromised. we have more on that in a minute.
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nick goldmac i am nicole petallides. dow jones industrial average down 6 points, up 2.2%. and moving into record territory, the highest levels we have seen in 14 years and after yesterday's record, pretty much flat at the moment. looked at home depot, the dow jones industrial average, as this week you have a new ceo, craig menear will be taking over as ceo. blake become the chairman. game stop doing so well . they came out with their number is not only with hardware consoles like sony play station iv and microsoft x box 1. green mountain coffee, signing a multi-year agreement with kraft food more on that in a moment. our best-ever pricing on mobile plans for business.
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run the numbers on that. well, unlimited talk and text, and ten gigs of data for the five of you would be... one-seventy-five a month. good calculating kyle. good job kyle. you just made partner. our best-ever pricing on mobile share value plans for business. now with a $100 bill credit for every business line you add.
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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. all on thinkorswim from td ameritrade. stuart: house of cards star kevin spacey getting a nice paycheck for each of those episodes that you binge watch on netflix. tv guide says he receives $500,000 for each episode. that will put his salary from that sees alone at $6.5 million. netflix stock has been on a tear, 475 as of right now up again. date of reaches fast becoming a
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weekly occurrence. ups sees the latest, they have been hit in 24 states but did not notify their customers that their security has been breached. the ceo of better qualified was here with us now. what is the problem? ups doesn't tell you, target doesn't tell you. >> urban outfitters don't want to tell you. the head of security at urban outfitters. everyone is trying to say it is not the right thing to do. maybe we are exposing more in securities with in corporate america but as a consumer myself i would say it is your ethical, moral responsibility to notify me e immediately if you use my information to process the transaction and it was compromised. i should be notified immediately so i can then protect myself and what you said was how many people are we talking about? stuart: we have these reports
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constantly, millions, tens of millions of people have their data breached but nothing ever happens. >> stuff does happen because we deal with it every single day as a corporation. i listened to people crying on the phone. their accounts have been wiped out. stuart: bank accounts? the money? >> retirement accounts. stuart: it happens? i don't hear about it. >> most of the time people get their money back because it is fdic insured. there are ways to go about that. it could take years. the average person spends more in two years trying to correct this information. stuart: why haven't i heard about this? why have i not -- i am in the newspaper. >> the reason we are talking about this, big corporations, big data companies don't want to continue to talk about this so they are trying to lessen the effects in the media. here is the other thing. the latest biggest one ups was a
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small one comparatively speaking but who is to say the 1.2 billion people that were compromised in the russian data hack, that a year from now on 100,000, and million of those people don't have their identity stolen and their bank accounts white doubt. what if they are just waiting to use the information? they are compiling this day and they are going to use it so right now may be a small percentage of the overall people who had their accounts compromised they haven't been affected. stuart: i go to a retail store and use my credit card. the date on my credit card has been compromised. i can't do anything about that. >> you can ask the bank to change the account. in the one i can't pay it for ice cream or whatever. >> what can you do to protect yourself? we are working with different companies to try to come up with
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solutions, and the world pass key will be one of the things it comes into fruition. along the way people have to vigilant. they have to monitor themselves. these companies we deal with, they are not protecting us. we have to protect yourself. you got to tell me. you got to tell me fast. they got to do that. >> here is the problem. the federal and state laws are ambiguous to say the least. there are terms and phrases that say within a reasonable time frame without delay but the government has to step in and say you have 30 days to notify your consumers. stuart: that would kill your business. >> call me crazy. stuart: thanks for joining us. very important subject. we usually not big fans of government regulation but here
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american journalist james foley as it did in the terrorist attacks in benghazi, opening of a criminal investigation into an act of terrorism. former u.s. ambassador to the united nations john bolton on whether the administration. charlie believes they should be mirandize. tonight at 7:00 eastern. please be with us. stuart: the d e a proposed new regulations for painkillers like vicodin. they want to make it tougher to get more of them. doxy with more. what they are proposing is to not let you get a refill. you get your vicodin prescription, you get back to the doctor before the refill. >> the goal is to get mr. anti-government to agree that in this case for once the government is doing the right
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thing, i would agree with that for once. the drug enforcement administration can do good things. the problem is the drug like vicodin which is hydrophone plus additives, acetaminophen , spring, for some reason have been losers and if you took the same drugs trade and gave that alone. that is already scheduled. if you had tylenol or aspirin, you know what is wrong with schedule free? i write one prescription for 30 days and refill it five times without seeing you. my finger is no longer on the medical calls, why i am prescribing this medication. i can only give you a 90 day supply so i am not busy redoing renewing renewing. i got to see the patient every three months. i really like that. things are so abused because we are giving them out like water. vicodin is one of the most abused drugs in the united
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states. 127 million prescriptions last year alone for this kind of drug. stuart: is highly addictive. >> its cousins -- just as addictive. stuart: because it is the pure -- >> the five refills. stuart: acetaminophen and you get a five refills. the street drug, nothing added whatsoever. what? >> it is more restrictive and what is really ridiculous about this is it is more restrictive if it is pure. what is ridiculous is adding an acetaminophen makes it more dangerous because a lot of reports of people accidentally overdosing, i will just take another flight didn't, you may end up with acetaminophen overdose. stuart: when you have got me on this. i am in full agreement. >> stuart varney on behalf of government restriction of drugs that are abused. stuart: when you got me.
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>> what this administration has to do, stuart, is stop talking about the things we will not do. start talking about the things that we are doing. what we need to do is sit down and listen to people. there are a lot of them out there. there aren't some people around that could give good advice. stuart: that is just some of what oliver north had to say. kathy had this to say about using drones. i am a libertarian. i say kill them. i am with you, kathy. that is my show.
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time is up. here is deirdre bolton. deirdre: thank you so much. the job market is improving context on her comments. installing apps on your smart phone may leave you vulnerable to hackers. the official stance is no. with more on ebay reportedly considering a move. we bring in the "wall street journal"'s tech reporter. why now? does this have to do with paypal's ceo leaving? >> it seems that we are discussing thi
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