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tv   Varney Company  FOX Business  September 16, 2014 11:00am-1:01pm EDT

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obama is committed to the fight and get a firsthand look at the centers for disease control today. here is the backdrop. ebola is spreading within west africa. chaos in the near collapse in liberia. large-scale break out into nigeria, and immediate concern. here is what has the whole world worried, that the virus could mutate and become an airborne contagion. no one is safe from that. isis, ukraine and ebola. another world crisis. "varney and company" is about to begin. top story, ebola and the president's plan. the department of defence asking for $500 million, 3,000 troops to be spent, 160,000 hazmat suits, basic medical equipment and field hospitals. we wanted all.
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john bolton, former ambassador to the united nations. is america in equipped to respond to yet another global challenge? >> i think we had some of the capabilities but not all. someone who spent a fair amount of time dealing with issues of biological and chemical warfare, the risk of an adversary trying to attack us with one of these elements is something we have thought about and prepared for. what we see here though is something different. this is not a national security challenge, is a health challenge and the president has responded correctly from a humanitarian point of view. whether using the u.s. military in this effort is another question but i think it is something the united states should do. stuart: only america can do this. only america can do this. >> certainly the military has enormous transport and other
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capacities. it has been involved in disaste it may be involved here but it is not clear what the president wants to do in the obama outbreak in so many other areas and we need more clarity on that. the situation in west africa is likely much more severe and dangerous than the media have been reporting. governments are clearly covering up how serious the issue is and something people of the united states need to understand better. stuart: is a crisis of a different kind, different nature. it is not ukraine, it is not isis, not a military fight. is the threat of a flag in golf and the continent, that is the threat. which makes it a financial threat, humanitarian disaster and i keep coming back to it. only america can deal with this.
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we are the only ones who got a lift capacity to get people in place. >> whether we need to get in place and if so, what kind and under what circumstances. we have the who and the europeans who ought to be concerned since west africa is closer to them than us. what i find difficult to understand is why the president's first recourse was to the military. may be completely understandable because they have the logistics operational capability but i would like to see more. my point is i think it is important for the president to address the nation on the nature of the risk and particularly what steps were taken in the united states problem spreading here. stuart: john bolton, former ambassador to the united nations, thanks for joining us. dr. mark siegel joins us next hour, he will address the issue
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of what happens if ebola goes airborne. can't it, will it? the answer to that important question top of the hour, noon today. should the government get more involved in your private retirement money. mutual-fund pioneer john vogel is testifying before the senate finance committee on that subject today. peter barnes joins us now. here is my understanding, he wants the federal reserve how i can invest my 401(k), my private money in my ira, is that what he is asking for. >> is joining the parade of critics including president obama who want to limit retirement plans for wealthy individuals. here is what he says in a testimony to the senate, quote nick is not clear public policy should continue to encourage retirement savings for our wealthiest citizens, to prepare
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for retirement without needed tax incentives and along with this is the gao is giving the senate finance committee some statistics on i r as with high balances. in 2011 the latest year it has full data about 7,000 people had i are as worth $5 million and 300 people had i are as worth 25 million. president obama criticized the ability of wealthier people to sock away this kind of money on a tax-deferred basis proposing capping these balances at about 3 million. so -- stuart: he wants to exercise some control over who can accumulate how much in the 401(k). he is not saying you cannot put it into that stock or bond, saying more control over who gets the money in that tax deferred account.
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>> more control over how much on a tax of vantage basis. stuart: i thought janet yellen was going to tell me i can't invest in microsoft but i digress. thank you very much. charles, you just heard the real story spelled out. what do you make of it? charles: there might be more to it. he gave out, he wrote a big piece and gave the big presentation to the industry and he did talk about the need for federal body to approve products for retirement investing. it would be ostensibly called the federal retirement savings board and they would rule out certain high-cost products, they would wow products with high turnover, a share everybody into mutual-fund its, low turnover. stuart: john bogle is the vanguard guy. charles: the father of mutual-fund.
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ets had been noon to mutual-fund is. people are investing less. in his heart of hearts, i met him before and i'm sure you have, he is a good guy but he is talking his book and people already are reluctant to invest. this is one of the most amazing stock market rallies with the thinnest participation you can imagine and so we are afraid of wall street. how many people will feel better than the federal government, the same federal government is going to be $44 trillion short in 75 years with social see dirty and medicare that they should be overlooking, they should be the overlords of how we put our retirement many -- are you nuts? we are going to start beginning of the backyard. stuart: in no way do you want to discourage anybody from putting money very long term into the stock market. don't do that. charles: any idea of limiting how much you have in retirement, of the president's notion is the government can't have access to it, the people who earn it shouldn't have access. stuart: un die like this on this
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one. we are not done with this story by any means, judge andrew napolitano gearing up to respond to the proposal, he is here at 11:30. lou dobbs joins us in the next hour. no shortage of strong opinions today. look at the big board. down 13 points, the dow holding 17,000, pretty much the same story with the s&p 500, we got a loss of 0.5 -- gain of 0.5%. the price of gold away for three sessions, down to 1233 and another buck today, gold really down while i was away. the ten year treasury, look at that. 2.57%. when i went away last wednesday, at that point we were 245 -- we were 251 and now we are 257 so yield going up. prices going down while i was away. tech stocks took a hit yesterday especially social media stocks.
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look at the now, facebook, twitter, yelled, linkedin. suite of the month, rebounding slightly, two of them are down blues in a are pretty much down to the level they established yesterday. now it looks like tesla's new battery factory in nevada will not create as many jobs as originally claimed. tesla doesn't have to create the jobs itself. details on that coming up, to as a down 253. we are a couple days away, two days to be precise from the scots vote on independence. take a look at the latest poll. 47% in favor of staying with the u.k. that is a no vote. 47%. the poll shows only 40% saying yes, we want independence. the polls have been all over the place. nile gardener with the heritage foundation in washington. welcome to the program.
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i say a vote for independence if scotland achieve some degree of independence from this vote, i say money would flow out of the new be unstable europe, would come here it to america. you are not buying that? >> to become independent, considerable turmoil to the financial markets in london and across europe as well. that will impact the united states. money will flow out of scotland and back in england and to the united states, that is inevitable. number of english banks have indicated they are going to withdraw money out of scotland. and financial roller-coaster rides in coming days if problem of votes, i don't think scotland
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is going to leave great britain. what the polls have said. that is a huge leap in the dark. stuart: when push comes to shove i agree with you. i don't think we will jump into the sea independence. that won't happened and if it did, this would be uniformly bad for scotland, and bad for europe. some issues to be resolved. how did they divide up the oil revenues, what happens to the nukes, outside glaspell. there is a whole field of uncertainty if they vote for independence and i personally hope they do not and i am pretty sure you are in the same camp. >> yes. i agree. scottish vote for independence would be extremely bad for great britain. the breakup in effect of great britain would be very bad for a
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special relationship, spots played an important role in terms of advancing that alliance over the course of many decades and played an important role in the past in terms of projection of british power internationally and great britain, david cameron the prime minister said britain is a family, very successful family, sometimes disagreements but a family always sticks together. i do think an independent vote is bad for scotland and britain and the united states. stuart: can you explain why we have come to this point? in the 1950s the scottish national party got 1/2% of the vote, that is it. it was a fringe party, totally fringe. now it is front and center and may achieve its goals. how did we come to this point? what is the problem for the scotts versus the english and the rest of britain? >> great question. it really makes no sense.
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scotland has gained increasing political influence in westminster over recent decades and for brown, the recent prime minister, was scottish and scotland has had increasing power over the euros so this makes no sense. a lot of stocks have disillusion with the dominance of the labor party in scotland. that is a factor. labor, reputation for mismanagement and not doing a particularly good job in scotland's a lot of voters shifted toward scottish nationalists who have become more and more outspoken in terms of their combination of westminster. i also think david cameron, the prime minister, made a bad calculation in agreeing to hold this referendum opening a huge can of worms and helping to create in addition directly a deeply divided situation. i think it is a political mistake by david cameron to agree to a referendum.
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who wants to be the prime minister that sees the break above great britain? david cameron could be in that position this friday. hopefully not. stuart: hopefully not bleach independents, the vote loses by five points. let's hope we are both right. thanks for joining us, we will see you friday morning. today marks a significant milestone for the technology industry. september 16th, 1985, steve jobs forced out of apple. john sculley took over. fast-forward 12 years, comes full circle, september 16th, 1997, steve jobs returns, interim ceo. he will eventually turn the company into the great innovators that it is today which leads us to this. the apple watch, we talked to the ceo of a conventional watchmaker. he has to be worried about competition. there's also a way to get rid of that annoying you 2 album that you don't want. we are talking about it next. [ breathing deeply ]
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stuart: technically is this is still somerset's technically is this could still be the summer doldrums. we are down nine points, the dow holding above 17,000. the big i phone launch event, apple gave to every itunes customer a free copy of you 2 and's new album. problem is not everybody wanted it but it showed up on the iphones anyway. no way to delete it and from your account until today. apple launched a website that lets you delete with ease. good publicity for you 2, 33 million people listened to the new album. more on apple, nicole petallides at stock exchange, watch this. delays on the i phone 6 lunch in china? nicole: what we are looking at is apple down 6% right now. the concern is why is there a delay? why are people in china getting the apple iphone september 19th to everybody else? maybe, just maybe apple could not reach a deal or agreement
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with the ministry of industry and information technology. that is one part of the speculation and people in china may not get the i phone vi until the new year. that is not good news considering apple's products have been growing in china, 30% year-over-year a newly, accounts for 15% of the revenue. not good news for apple so we will see what is profittaking a worried about this china story. stuart: china dropped to $100. more on apple. can't do a financial show without talking about apple. the new smart what comes out next year. apple saying it will give the traditional watch business a run for its money. we are joined by steve balked, ceo of shine boy, an american watchmaker. your watches are in the same range as you're smart watch. you got to be a little concerned about the competition.
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>> not at all, not at all. i think it is fantastic. the industry today is difficult to measure but it is a $50 billion industry. stuart: worldwide. >> absolutely. $25 billion come from switzerland, swiss exports, wonderful watches with swiss movements. anytime somebody expands the market as we expect apple will do we think this is a great opportunity for more people. stuart: you are going to expand your market, you have got to expand into the wearable computing arena. >> many ways to look at this, you look at are watches, what are watches stand for is timeless products. all of our products are timeless. shino shinolastands for leather goods that are timeless, rogers, to a degree the we stand behind our watches. stuart: a nice -- commercial for an old product.
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how do you respond to the new wave of brand new products? what are you going to do? >> continue doing what we do very well. stuart: one what's new are you going to do? >> this is brand new. what is new about this watch and everything we do, a lifetime warranty. we don't have to change our technology. of the one i you going to mention my heart beat with your new watches? >> you will find your heart be measured somewhere else. stuart: these youngsters, lots of them in the studio, don't wear conventional watches. a wearable computer from iwatch. >> what you will find increasingly is people will wear these watches and soon make decisions do they want to wear technology on their bodies or will they convert more people to wearing watches on their wrists and this is the type of watch we bet you -- stuart: charles payne is sitting next to you.
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i have 45. charles: i have a lot of watches, 35, 40. of very great watch, a swiss movement, imported. stuart: will you buy and i watch? charles: i probably will not. a similar situation, to the same point, this is a small segment of the industry, may be the millennials you are talking about might wear that apple watch monday through friday they want a swatch on that date frieder said day. will reintroduce just like it save the luxury watch this is a lot of watchmakers think this will reintroduce the wrist watch to a group of people. >> you may wear it as well. stuart: it is entirely possible. stuart: we welcome you on the show. go get them if you can. thanks very much. you have seen them before, yes you have, those popular did jab
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digital greeting cards. that company is expanding, betting on santa. the ceo is up next. opportunities aren't always obvious.
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stuart: here is a big name that you know. macy's. they will offer same day delivery service. six dollar a share at macy's. of a fraction. and original new show called transparent. the stock is barely moving. a digital entertainment company. make those personal view cards like this. ♪ celebrate good times both go, on both go.
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♪ ♪ stuart: you guys, you find make-believe labs. are you guys going to mess around with santa? all those three -year-olds think that you are the creation of santa. >> no. not at all. we offer the ability to have a live video chat with santa at the north pole. stuart: they don't have to stand in those lines anymore. >> exactly. stuart: this is a financial
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program. jib jab charges a fee for what you are seeing on the screen right now. the same thing when you are getting a hold of santa. >> we have been trying to disrupt this for about six years now. we are going to promote hello santa. i guarantee you it will be less expensive and a better experience. we aim to deliver better products for a lower price. stuart: you have to convince people that it is worth spending a few dollars. congratulations. you have done well. >> we are venture finance, but
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we are a private company. stuart: you never know. we are just building. we are still having a blast. you can see on your screen why we are having some fun. stuart: you are the digital greeting cards guys. you are at the hallmark. you are the digital greeting cards people. >> i would say that is one of our businesses. we use technology and new ways to tell fun stories. we are connecting the distributing networks with kids all over the world.
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we are using technology to make kids happy. stuart: thank you for making a very funny digital video. if we would have paid for that, how much would you have charged? >> a subscription is $18 a year. all of our cards are available to members. stuart: okay. >> thank you so much. we both wanted. stuart: the california drought. entire communities running out of water completely. the man who runs 1 pound water
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supply. if this thing continues, his town remains a disaster zone. after the break, two stories for the judge. wanting to change the tax breaks that some people get for their retirement accounts. banning chocolate brownies in schools. replacing them with kale chips and gluten-free lemon bars. the judge is next. ♪
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stuart: look at mcdonald's. they are making some changes. trying anything. lauren, what are they doing? >> regular mcdonald's out one counter. at another counter they have a build your own burger bar. not bad.
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it is clever. you make those to come together. you make the food continue to be fast food. the other thing they are doing is coffee and more coffee. stuart: just make it fast. that is all i want. should the government tell you how to invest your retirement savings? what role should they have? you have to ask judge napolitano everything about the government. what you are about to say, sounds like he went to the london school of economics.
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he is very concerned about some americans that have an enormous amount of money. 300 people have an ira with more than $25 million. just a bit too much. i do not know if there anything on constitutional. >> here is how the government looks at it. an opportunity to invest well. those exact strings can be financial or social. they can regulate the behavior.
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from my perspective, those strings are repellent. >> the taxes should not exist. as long as the government thinks it knows better, how does it invest money better than that investors do? it will punish them and reward them. stuart: you might say i want to lift where your private money can go. i think that he wants to go further. i think he wants to say you cannot put your money into this or this.
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you have to have some guidance. >> guidance from the government. i would expect your guidance. you created a great deal of wealth. stuart: total agreement on this one. the nonpublic schools. they are banning brownies in favor of healthier alternatives. public schools note you cannot have brownies. constitutional, yes or no. >> it is unconstitutional. under standard supreme court law. a case that is known for
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abortion. the government does not have any right to interfere with that. if you send your child to school with a brownie, the school cannot take the brownie away from the child. if the school wants to stop serving brownies and only serve kale chips, they can do that. some are prohibiting the consumption of brownies on school property. stuart: what is the penalty? are you in favor? stuart: you get to take care of them for about six hours.
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getting bad in california. no relief. after the break, the man that runs one counties water supply. why he says disaster right around the corner. that is next. ♪
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petallides. take a look at macy's. lacey and moving dales trying out a pilot program. working to launch apple pay. the stock of just one quarter. the share repurchase program is $2 billion. also, awarding more than $1 million to local charities. a risky alzheimer's drug. it could bring in $5 billion. it is getting bad in california. pounds waiting for relief from the drought. ♪ [ male announcer ] automotive innovation starts...
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and a head-up display for enhanced driver focus. all inside a newly redesigned cabin of unrivaled style and comfort. ♪ the all-new c-class. at the very touch point of performance and innovation. ♪ stuart: that is a funeral home in michigan. they just added a drive-through viewing area. they can take and pay their respects from the comfort of their car. then we have california. one wealthy town paying twice the rate.
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is that helping the drought in this area? stuart: there is a shortage of water. they create reservoirs to supply california with water during drought periods. >> that is pretty much accurate. >> are you guys suffering because of the salmon that cannot swim up stream?
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are you blaming environmentalists to some degree for this? >> there are releases being made. we do need rain. stuart: what happens in your area, york county, if it does not rain? >> we are looking at emergency plans. if it does not rain this year, in southern california, our surface water supplies will continue to be depleted. we will probably increase our rationing. we went into rationing last february, 2014. it has significantly changed water use.
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stuart: cutback by how much? >> we were asking for 30%. this community has responded. we were at 50% reduction compared to 2013. stuart: if it does not rain this year, you will go to a mandatory 50% rationing or more. >> if it does not rain this year, one of the biggest challenges we are facing -- the supply may actually be functionally inoperable by october of 2015. stuart: you are facing disaster. clearly. thank you for joining us. we hope it gets better. hope it rains. more on drought coming up on monday with melissa francis.
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a money manager that does not have enough water for his district. 2:00 p.m. eastern on the fox business network. the nfl's abuse scandal. that is not going away. adrian peterson will play for the vikings on sunday. radisson hotels not happy about that. the latest on this developing story is next. ♪ you know what my business philosophy is, reynolds? no. not exactly. to attain success, one must project success.
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so i know how important that is. stuart: the ongoing nfl scandal. radisson suspending its sponsorship of the minnesota vikings. they do not want you to see their name while the team is discussing their star players child abuse charges. a very serious subject here. you are a boxer. football is a violent sport. a sweet peak on this latest surge in the nfl.
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>> it is inside the ring. that is on the event date. we had no problems before the fight. once it is time to fight, we go out there and do our business. stuart: you do not have that image problem. you beat people up in the ring. >> november 202. the wbo light welterweight title. stuart: you are a world champion. >> yes. stuart: our audience knows you are a medical student or you were. how did this happen?
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the medicine, it is a longtime thing. stuart: you pursued your medical studies. you have made a lot of money. >> not quite. i have got some money put away. stuart: how much do you get just for fighting? >> around 1.5 billion. stuart: the sky is the limit thereafter. still subject to american income taxes. how do you feel about losing
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half of your money? stuart: are you going to appear on this program after the fight? you look a lot better. your nose is intact. >> knock on wood. stuart: the space race. it is now private. there is big money in it, too. where should you put your money? you have a stock in mind for that? there are not enough farmers to move the crop. what is the answer to that? of course, the keystone pipeline. the second hour starts in two minutes. ♪ we've never sold a house before.
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(agent) i'll walk you guys through every step. there are a lot of buyers for a house like yours. (husband) that's good to know. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement.
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stuart: space privatized and doing well. amazon plays a space card just as ali baba joined the headlines. private enterprise is taking over the space business. elon musk wants a $2 billion contract for a space taxi. space tourism. space taxes. a whole new industry. then amazon jumping into the wings taxi project. china's amazon goes public next week. he can deliver after all. that puts him back in the headlines. very interesting. america's greatest showman heading straight to the final frontier.
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♪ stuart: i am very interested in space. the private sector. the private sector totally taking over this business. >> they have seen an opportunity. they are seizing this opportunity. he has already partnered with boeing for this big announcement. boeing is the front runner now. it is a very interesting space to watch. ali baba, that is china's amazon.
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$160 billion. it is squeezing amazon out of the picture. >> certainly one type of strategy. we are not direct competitors. it is the operative word. we are not competing with amazon. they do not want to say that they are. they do not actually do the volume. they do not have the inventory. this means unofficially we could be looking at the biggest ipo ever in history. this is just a massive.
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they will be out another chinese record. we are waiting until the final pricing on thursday. >> this is so big. they are selling other technology stocks now. >> that is a fair assessment. we saw the biggest drop in two months. they solve the biggest drop in about two months. we are holding off. we are waiting. we will wait and see. we will be covering it live at the new york stock exchange. stuart: check the big board. about 25, 28 points away from the all-time high. gradually gaining ground. what about the s&p 500?
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same story. up about half a percent. the 10 year treasury. a delay on the iphone six launch in china. that is big news. look at amazon, please. new original series. netflix stock right now is down $6. the government spending big on hazmat suits to combat ebola. >> the stock is 14 and a quarter percent right now. the question is, there is about 1400 federal workers currently
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in the region. there is so much concern about ebola overall. there is more human to human transmission in the last four months. >> certainly sounds like something we should be concerned about. go ahead and ramp up production now. thank you very much. 3000 troops. for more on the president's plan, here is rich edson. >> the president is on his way to atlanta.
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he will announce what the president plan is on all of this. using funding to help fight these troops. a base camp in western africa. this is really a ramping up of the u.s. effort to try to combat and contain this. stuart: thank you very much, rich. what is the chance that this virus could mutate and become airborne? what is the chance of that happening? >> extremely low. he is a preventive specialist. if he cries wolf -- he is always saying that something will get us.
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i debated him about bird flu in 2006. the ebola virus, this particular strain has been stable since 1976 and has not become airborne. he said the same thing. extremely unlikely that this will mutate in a direction to make it airborne. stuart: the reason we are raising this issue, if it became airborne, that would make it so much more easy to transmit it and it would become a problem everywhere in the world. you are saying chances are slim and none. >> it is a very stable virus. this is a relatively stable virus. it will change. >> this is a business program. we start talking about worst-case scenarios.
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i do think we should have boots on the ground over there and was africa trying to contain the problem. it is spreading. it has to be contained. i think it is a good thing. a good thing to try to contain this. stuart: if they came here, it can be contained. >> it would be. if a case comes here off of a plane, we will isolate that person. it will not spread. stuart: thank you. shipments of oil. booming by rail. that is leading a lot of farmers out in the cold.
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they are having trouble keeping up. all the more reason we need to build the keystone pipeline. welcome back to the program. it is good to see you. you are in oklahoma. what does the pipeline have to do with you. we are seeing revenues in the states of about $20 million a year. you just think it is the northern portion. the challenge is, the state department continues to withhold a permit. we see an overload of our rail system. you see this record harvest setting in.
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we are hearing from farmers all the time. this farmers problem of getting their harvest to market, that will not go away in the short term. >> we are not just looking for short-term solutions. we have got to have a long-term strategy. it is not just an economic issue. the truth is, until this administration develops a true energy policy, we will continue to find ourselves with troops in place. we have energy here at home to
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be energy efficient. stuart: energy could be it. >> it starts with the keystone pipeline. you have government impeding the private site there. preventing job growth, preventing opportunity. we have seen that catastrophic circumstances that it creates. no, it will not happen overnight. the best time to plant a tree is yesterday. we need to get moving on it. we have been talking about the keystone pipeline.
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roadblock after roadblock. we need a plan to build this thing. our kids futures depend on it. i think that, you know, from a political standpoint worldwide, we have work to do. stuart: always a pleasure. thank you for joining us, sir. tesla, big tax break for picking nevada. people hoping to work at that factory. the deal may not be all it is cracked up to be. the golfer, nearly severing his hand. he will join us. can he get back to playing golf the way that he used to? legal marijuana. we have the congressman leading his charge. where do you draw the line?
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we will ask him. coming up at 12:50 p.m. placing brownies with health food. after the break, lou dobbs weighs in on the push for getting rid of some retiree tax breaks for some people. lou dobbs is next. ♪
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stuart: wells fargo says it exploits the duck line in september to be steeper than expected. let's get back to your money. pioneer testifying in front of the finance committee. lou dobbs has a bod to say about this. kind of upset about these iras and 401(k)s. some people have literally tens of millions of dollars in these tax protected accounts. where do you stand on this.
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>> founder of vanguard. a brilliant man. i do not often disagreed with him on this. they are working exactly as they were designed. to create larger pools of capital in which others may borrow and drive this economy. he gets completely involved in reconstructing social security. stuart: i remember, not too long ago, you were banging away about having enough money to retire on. >> we are talking about 25% of
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the population that have funds or retirement. i want to define this. only one quarter. only one quarter of them. >> that is it. nothing that will help those people. addressing all of the issues. those people do not need help. they do not need readjustment. the reality is, it is creating a larger support base for our retirees.
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it is too late for this government. the fact is we are headed towards $15 a day. you can call them what ever you want. the steam does not work. we have to come up with a new approach. it is making certain that you are managing your own life and doing so responsibly. if you cannot do that, what will the government do. i do not know. >> the idea that people have to be responsible for themselves. also believe the government should be responsible and accountable for those ideas. >> the white house has your refrigerator in the crosshairs.
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trying to find a popular coolant because of global warming. i cannot name this because it is complicated. they want to phase them out of your refrigerator. >> absolutely. is it a hoax? there is no longer global warming. it has been explained for the last 15 years. the fact is the date is being reviewed. it turns out there are a group of scientists who have got it pretty well screwed up. as to the obama initiative, i think he is doing it the right way. he has gone to industry and
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sought voluntary corporation of concern for the environment which i think is entirely appropriate. 10,000 times as strong as carbon dioxide. we are going to transition technology to better chemical compounds in order to achieve the same result. stuart: you surprise me sometimes. lou dobbs, everybody. thank you. we have a goal for. the initial reports says he nearly caught his hand off with a chainsaw. will his golf game ever return? we will ask him. he is on the phone with us. stay with us. ♪
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only from xfinity. ♪ stuart: we are awfully close to a record high. that is above the previous record high. we are up 109 points. here we go. now look at tesla stock.
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it will not create as many jobs as originally claimed. tesla does not have to create the jobs itself. elizabeth macdonald has the full story. they have a factory. >> in other words, this is a battery fact three. nevada gave a whopping $1.29 billion to get the tesla factory. it turns out when you read the document it is 6000 jobs. tesla still does not have to create those jobs. stuart: the people building the supplies, their jobs are counted towards the 6000. >> that is right. stuart: did they all have to live in nevada?
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>> they can come from outside the state. california. california has gerri brown, he was talking about that. he can sit pretty. heck of a story. stuart: it is a great story. we have golf with greg nordman. the initial reports said, this thing nearly cost him his left hand. greg nordman is on the phone right now. thank you so much for joining us. the initial report was you almost lost your left hand. >> good morning. it was an interesting situation.
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i think the premonition was more stunning than anything else. we are extremely lucky. i took it down on top of the blade of the chainsaw. it was getting close. that is what happened. yes, i would have lost my arm. i was extremely lucky. the damage is minimal.
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stuart: i have a tree farm in the catskills. a lot of local people around them, every single person around them has a scar from a chainsaw. can you get back to playing golf exactly the way that you used to? >> not exactly. i am fully confident that i will get back. 100% i will be back. >> that is the best news of the day. terrific golfer.
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>> i love watching you. stuart: marijuana with food stamps. the dow is up 100 points. ♪ guys! you're not gonna believe this!
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one department of defense asking for $500 million, 3,000 troops, 150,000 hazmat suits, basic medical equipment and field hospitals. that is what they want to fight ebola in west africa. scott hughes joins us now. the president has this plan permitting resources, what do you make of it? >> glad he has a plan for something but here's what shocks me. when it comes to isis or a terrorist threat we have, we have no strategy or the strategy release is not near where it exists. does we really know how training
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ebola is? maybe it is more than they're letting us know, and -- >> the latest poll. 47% in favor of staying with the uk. 40% in the latest thing, what they want full independence. where do you stand done this. liz: interesting question like getting asked by your boss how much you like your job but i will say is this. i want the voters of people. if you look at these poll, whatever the people decide that should be the rule of law. i do think you need to look at great britain. the english should be able to vote on it because they're going to affect them as much as it affects -- stuart: would you like to see an independent scotland? >> i think we have a lot of forces, at this point is the will of the people. i will always go with the will of the people. stuart: you went right around
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that one. u.s. such a diplomat. >> of the people wanted -- i don't live there. i am not under their taxation system, their gold or oil reserves. it is not my place to call. they make the vote based on what they think is best. stuart: turn it into a socialist workers' paradise. 57% of midterm voters disapprove of president obama's economic leadership. i take it you vigorously agree. from the tea party news network, you agree. >> just released numbers in 2013 the income went up for the first time since the recession by $180. went up. only by $180. we are now where we're we were free recession, delegate your trip to the grocery store or lunch with some caviar. stuart: your new book, you authored it, here it is. >> i have to work on it. >> the new conservative woman speaks out. what is the major point you are speaking out on? >> hillary clinton will be the
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democratic nominee and i love you and think you have a strong voice like most men on this side, you will be demonized. we saw the attack on fox news and governor walker, strong men like yourself are going to point out the truth of hillary clinton's record and they will make you out to be the biggest chauvinist, the biggest horrible person, when you say the truth about what is lacking in her record, he is just a chauvinist pig, you have to ignore him. time for women to be inspired to get up and stand up, make their voice known, if they have friends on facebook or about studies. stuart: welcome to the program. good to have you with us. thanks for joining us. i got what might be called an unintended consequence of legal marijuana, people using food stamps to buy legal pot. this is quite a problem. more than 46 million americans receive food stamps and now there is a bill going through congress which would stop people from using food stamps to buy
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wheat. we are joined by the sponsor of that bill from arizona. there is no way that your bill is going to fail and i think you know that. >> i do. it takes awhile to make sure people are honest they you put some checks and balances into it. stuart: how far do you want to go? you want to control what people can buy with food stamps, how far do you want to go? would you go further than stopping them from buying weed? note soda, no sugary drinks, no chips. would you do that? >> we have seen no food value with pot. strictly, we see states try to utilize things in oregon and colorado. what is happening is these are benefits for people to eat by and what we should make sure is we are subsidizing the eating habits -- people understand that and that is what they want.
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stuart: no further restrictions. >> restrict the dollar so the atms can't purchase these in food stamps cannot be purchased within pawnshops' like liquor stores as well as if not including edible pot aspects within the snap program. stuart: what about liquor and tobacco? >> they are already restricted. joined them as well. it is regarding temple area assistance where people who need help to put food on the table and pod should not qualify. >> when will you get a vote on this? >> we are pushing that with leadership and reach out to senators -- senator sessions is looking at it as we speak. stuart: thanks for joining us. much obliged. don't like the taste of coffee but still need that pickup from caffeine in the morning? how about this? caffeinated waters on the
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stocks i sitting new session highs, dow jones industrial average up 190 points, 17,140. and the 2,000 mark up 3/% and the nasdaq composite up 1/2%. the dow winners, intel, energy deals bouncing back. soda stream, reports that it could sell its self for $840 million. the stock has been popping up nearly 1%. clear channel, don't call it clear channel anymore. now is i hard media. that is what they call themselves. this is a mobile and we have the ceo bob pigman on the 3:00 p.m. show today. stay with fox business giving you the power to prosper. we've never sold a house before. (agent) i'll walk you guys through every step. there are a lot of buyers for a house like yours.
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with personalized guidance and online tools. visit a branch, call or go online today. stuart: here we go with the real halftime report. to the private space race. michael robinson is with us. what is your stock you would pick to play the space game in? >> lockheed martin. love the company, fantastic returns on equity, high operating margins, really big movers in space, the stock has done well, up 90% more than double the overall market. they are doing -- they have a
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$1915 million contract, an advanced radar station that contract 200,000 objects the size of a baseball. that is in terrible for the next phase of where commercial space is going. there are several other factors. they have the orion, a deep space the local, man rated, they launched the juneau in 2011 on route to jupiter, experts in mars and also working on a program that will begin around 2016 for near earth asteroids, that is another part of keeping the earth safe. stuart: lockheed martin is your space pick. i want to change subjects to ali baba you have the big idea coming that raise the price $68 a share. what is your take on ali baba? >> two things that will sound contradictory but they are not. i love ali baba for the long haul, the margins are in sane. i like their business model. i like that they're moving into
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the united states, they are a fast-moving, well-run company but i would not, i don't advise the average retail investor to get involved in an idea like this. of you want to take a flyer on it definitely did not under any circumstances put in a market order on ali baba, put in a limited order and i would say no more than 10% of what you think it will cost that morning. stuart: michael robinson, thanks for joining us, interesting stuff. all of the coffee addicts on my team couldn't wait for this story. water. this is the story. water with caffeine in it. you can see it right there. joining us is norman schneider with avid caffeinated water. that is the name of the water sitting in front of me. this is a pure play on caffeine because all i am getting, water and caffeine. >> the healthiest delivery system for energy in the marketplace. kathy -- coffee and purified
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water. ironically the product is not only positive for what it has but what it doesn't have, calories, sugar, additives, preservatives, any other things that are bad for you that a lot of the competition has. stuart: if i walk in to starbucks and see people playing coffee putting cream and sugar in, you give them as a jolt without a calories and all the rest. >> the cream and sugar, makes it a very unhealthy drink. the cream aspect raises the benefits of caffeine, heart disease, parkinson's, dementia, alzheimer and cancer. you add cream it diminishes that impacted. you add sugar there was the tweet from the american heart association, avoid added sugars, and sugars that occur naturally in pretend vegetables but avoid that. we don't dilute it, we are not adding calories. stuart: i know how much caffeine i put in my system and get that
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first cup of coffee in the morning. i got the dosage right. how the white get the dosage right with this water? the green label, this one here, is 125 milligrams and the red label which is solely 90 and the other stuff, 45 but let me get out. >> on the bottle itself we have our meter on the side which tells you what you have, equivalent to half a cup of coffee or a diet soda. those trying to kick their diet soda have the 45 is perfect. stuart: the green one which is 125 milligrams is a cop and a half. >> closer to an energy drink where the 90, a cup of home brewed coffee, not your stocks coffee, is equivalent to one cup of coffee. you want your coffee, you are 90, your diet soda, 45, a little bit more, 125. stuart: how much? start with the yellow stuff, the 45 milligrams, how much?
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>> how much money? edition leonid restore their $1.49, and convenience store, $1.69 but typically because there is a lot of romo activity four to five or 10 for 10. stuart: i you private company? is your company? >> i am a part owner. stuart: when you got to have money behind you because you got to distribute this stuff, ship it around. >> like any company we are doing at -- we are primarily in the midwest and mid-atlantic so not spreading ourselves too fin, making -- build awareness, getting pull through, getting consumers educated and as we get that we have a formula to expand and it is a lot less -- stuart: caffeinated. i am going to drink this. >> you should. for those who see it and wanted and can't get it locally you can get it on amazon.com or
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officedepot.com and we are doing a test at two tied ats, one at college point, one on a western shore. stuart: when you got your commercial, not bad at all, thanks for joining us. i will tell you the results. >> in deegan talk about it. flavors coming up. stuart: good luck. the entire state of vermont banning brownies in public schools, the entire state replacing them with cale chips and fruit, tracy byrnes, mother of three discusses that in a moment. you're driving along,
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stuart: most sweeping move by the state of vermont. it has outlawed brownies and cookies in favor of kale chips and gluten free lemon bars in their public schools, tracy byrnes is here. initial comment? tracy: no one likes kale, let's be clear about that. it tastes like feet. the notion that these kids like me, must be the lesser of all the evils they are serving. stuart: not that they're liking it, is good for you.
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tracy: the judge said it, i can still send in whatever i want and i would and i would, i think it's terrible the state is dictating what my children can eat. stuart: you can send it with them but they can't be it. tracy: brownies become contraband. that is crazy. we have kids sneaking stuff in and becoming illegals to have a brownie. is crazy. stuart: your take on this one, steve jobs was a low-tech parent, limited the amount of technology is kids could get at. are you of the tech mother of three? tracy: no. turn everything and anything on that will help our lives. i am all about it. stuart: that is impressive. tracy: i have them in my office. stuart: i am the same as you. one city in china has made a wayne on the sidewalk just for people who taxed and what, special plane for them. what do you think of that? tracy: they should have one from b. i am so bad. i come to a screeching halt, i'm
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surprised i haven't gotten hit in the head. stuart: i walk into a lamppost. tracy: i will so do that. i tripped off the curve. stuart: that is a good idea but will it be respected? the state board -- this is new york. tracy: like driving in the age of the lane. stuart: we are out of time that there is more varney coming up for you. [ breathing deeply ] [ inhales deeply ] [ sighs ]
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>> i am in favor of people making the wrong choices. >> it would be my responsibility, not the government. quickly, here is your take on the rest of the show. the government getting involved in your retirement money.
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until then, they need to be quiet. brian had this to say about people buying food stamps for medical marijuana. tracy, we've got plenty of time. how does a kid celebrate his birthday in school? >> it is once a week parties. >> only for special occasions. my kids make memories baking with their grandmother. stuart: did you allow them
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brownies? >> i parented with brownies. [laughter] stuart: thank you very much indeed. >> thank you very much. here are the alternative stories we are following for you. competitor amazon is expanding to outer space. sources say that blackstone may race $16 billion in a new buyout fund. the biggest state pension fund in the country is cutting back on hedge fund exposure saying investments are too expensive and too complex. hedge funds are taking this pr

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