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

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maria: welcome back. the dow jones industrial average in record territory. the nasdaq is up 23 points. i will be in dallas tomorrow. thank you for joining us on the opening bell. here is stuart varney. stuart: the money is talking, but it is not walking. football is king of the financial health. it is likely to stay that way. it offers a guaranteed huge audience. there are new developments off the field. jonathan dwyer arrested on a domestic violence charge. greg hardy suspended
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indefinitely. sponsors are not happy with any association. they are not walking away from the sport. maybe that nfl is weathering athletes this financial storm. look at what else is happening. australia uncovering a plot to behead people in sydney. the market powers ahead on cheap money, as far as the eye could see. varney and company is about to begin. ♪ stuart: cto of pepsi. the latest head of a big nfl company. she says she still supports roger goodell as commissioner.
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this after one quote that sums up how sponsors will ultimately respond. "in a world where you cannot get a big audience anymore, where in the hell not argue going to go? obviously, we do not condone violence against women a month but how is it the right thing to do for our shareholders to pull out of the nfl"? my question is about women. will they continue to watch nfl games. >> a lot of women, a lot of men have big problems. no one condones sexual violence, domestic violence, child abuse in the case of adrienne peeters.
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i am a huge nfl fan. the law in the league and the individual leagues take care of these individuals. what happens on the field is a separate issue. the sponsors are not withdrawing huge they are critical of what is going on. they are not withdrawing their money because they can not. >> it is a sustained big audience. they will not give that up. stuart: all the major advertisers, none of them are pulling their money out. they are simply critical of what is going on. >> they are not going anywhere.
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stuart: much more on the nfl and their sponsors in this hour. the guy that predicted the sponsors would stay. he is back at 12:15 p.m. today. check the big board. investors like what janet yellen had to say. low interest rates as far as the eye can see. 17,200 is where we are right now. keeping an eye on gold. down again today. 1226 per ounce. the yield is up sharply. 2.63% right now. some big names. you know them. chef boyardee. conagra.
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the stock is up 2.5%. 15%. now, this. if the police want to unlock your iphone or ipad, apple says it will not cooperate. cooperate with the police. even if the cops have a warrant. nicole: it is interesting; right ? right now it is up half a percent at 102.10. not far off its ultimate record. they have had some allegations. they said they are not able to bypass the passcode on your phone and ipad. if something is stored in the eye cloud such as photos or old e-mails and such, that may be
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released. stuart: i do not think that that news item is affecting the news price. nicole: i went by there today. stuart: thank you very much indeed. we will be asking the judge about that apple story. he is coming up 30 minutes from now. scotland, now voting on independence. he joins us from paris. you know about markets. you know about money. i want you to tell our viewers what happens to our money, our markets if the stocks vote for independence.
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>> well, if it is yes, it will go wild tomorrow. i do not think it will affect america too much. the pound will have a very bad day. you will see in your time series, the dow and the s&p will move around. there will not be a crash or anything like that. >> to suggest a narrow know both. let's suggest it is a no vote. do we breathe a sigh of relief? >> already the market is expecting a no. there is really only one way it can go. everyone is expecting a no.
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stuart: 16-year-old in scotland can vote on this. would you agree with me, they are the wildcard, unemotional card in this fight. >> the young are the wildcard. if they come out and vote, they will tend to vote yes. they have a reason to do things they have never done before.
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stuart: getting results about 6:30 a.m. eastern time in the united states this afternoon. thank you very much for joining us. go enjoy some red wine. >> that is a throwback. [laughter] stuart: the dow jones industrials are up. the latest on the fight against isis. a headline out of australia. police contained 15 terror suspects.
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>> absolutely. stuart: murdoch sensational news indeed. monica crowley is with us. that could happen right here. how do you feel about domestic surveillance? >> this story shows you that the jihad is an every corner in the world. at first i saw austria and then i saw australia. this tells you that this threat, it is everywhere. the jihad is everywhere. extraordinary circumstances require extraordinary response. he is totally opposed to this kind of domestic surveillance. it is a new brand of this
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threat. i think you will see more of this. the ultimate terror would be to strike fear in anyone walking down the street. you just have that story in new jersey where the teenager was shot. a man on the street that served in the british military and in afghanistan, he was slaughtered. stuart: that chopping up of the british soldier in the street in london. we did not hear about the teenager that was allegedly shot by ag hardy. >> there was another guy that was a self-proclaimed jihad that shot someone in little rock, arkansas.
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i think you ee them takeon morrr uartity uldhat. en eollm. nearlionolla oe healthcare.gov site and it still is not secure. what will it take to secure this thing? not even the obamacare architect could answer it. >> i put my personal information on the website. i was very confident. >> is it s local [ breathing deeply ]
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are gonna end up getting shingles. i was one of 'em. so please go talk to your doctor or pharmacist. stuart: maybe everybody liked what janet yellen had to say about long-term interest rates yesterday. maybe they are expecting a no vote. checked the price of oil. where are we with that? this is interesting. the average price for gasoline at $3.36. i am paying $3.10 in new jersey.
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robotics coming down. okay. here is what they do. this is more important. we have it here. my demonstration in the studio. that will be next hour. remarkable stuff. the second enrollment. about to begin. a billion dollars has been spent on that site. the government accountability office says it is not secure. all right, alex, if you were given the chance, could you make obamacare secure? >> they need a comprehensive security review.
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stuart: what is it about the structure of this thing that makes it secure? >> the report was actually very good. i encourage people to read it. they did not have a security vision that they communicated. as a result, they do not actually fit together in a secure way. they have been looking at things piece by piece, but not the whole thing to the other. these things are so complex. stuart: you are a good god. i've got that. if you wanted to, if you wanted to be malicious, could you hack into it and figure things out?
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>> somebody's individual medical records. >> they are very appropriately named database. one of the things that they are interested in is it does reporting based on the day or the hour or the week. these reports include people's personal information. we have a reporting tool that is being used to help administer this endeavor. it has people's personal and private information on it. stuart: now play defense. if you were that guy put in charge of making this whole thing secure, how much would it cost?
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>> because this is so. , we will have to start talking about scoping from a political standpoint. it will have to happen over the course of two-three months. stuart: as we approach this enrollment, they are basically telling us that it is not secure it can be and maybe will be hacked. >> the security decided to preach once before. >> they have not engaged anybody.
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they are exceptionally well at what they do. i would say, hey, we need to make sure that this works. we now have a centralized resource where the american people have put a lot of personal information and good faith and we owe it to them. stuart: as a central resource bank of information, it is very valuable. >> i absolutely concur. having this information in one place has a lot of potential to help save lives. at the same time, and i talk about this with all of our healthcare clients, you have increased responsibility to keep that information secure.
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stuart: thank you for joining us, sir. >> always a pleasure. stuart: popular band okay go. they are so good at what they do, apple has paid them a lot of attention. we have two of the band members next. ♪ ♪
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♪ [cheering and applause] >> $1 billion. stuart: i was watching that last night. she is a schoolteacher. the third person and wheel of fortune history to ever went a million dollars. i believe she will pay about $450,000 tax.
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a popular brand, i will get it right, okay go. got it. known for their creative music videos. millions of hits on youtube. the writings on the wall. it was released back in june. ♪ ♪ the writings on the wall ♪ they will last forever ♪ we had a good day ♪ the writings on the wall ♪ stuart: they opened the event with this video. listen closely. ♪
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stuart: we have some of the band members with us. apple is flattering you. they are copying you. >> we worked a lot with apple in the past. we do not own that idea. they did a good job with it. stuart: you are on the show because you guys really use youtube as a way of putting out your music. >> youtube is the biggest music streaming service on the planet. it is sort of like music used to calm and one channel. it will always be there.
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stuart: how do you make your money? you put the money out on youtube. >> you make money and lots of different ways. we do get money from youtube. they help with ticket sales. we make money from all sorts of different things. stuart: you are the best in the business. >> it depends on if it is a good year or a bad year. stuart: for years and years and years and years, you make maybe a million dollars a year. we do not do this because we are looking for money.
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we do it because we like to chase creative ideas. >> banging objects into a full-motion video. that is unique. music has always -- stuart: it is a domino thing. that is a goldberg thing. how long did it take you? >> a better part of three months. we started the video about six months before it was finished. it was done, yes. stuart: i have to ask, how much would you make off of that particular one? >> it is sponsored by state
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farm. we have a lot more people. stuart: how do you feel about paying half your tax and obama tax. >> we act wealthy. we are wearing makeup. how do you feel about paying half your income in taxes? >> i do not. i am not in that tax bracket. stuart: thank you very much for joining us. it was good stuff and we really like your music. another angle from apple. the company saying it will no longer unlock ipads for police even if they have a warrant. we will have liz claman and elon
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musk and tesla. can you believe that she called me a democrat? those stories are next. stuart: you have tax breaks in california. >> why don't you talk about -- you sound now like a democrat actually. ♪ so i can reach ally bank 24/7, but there are no branches?
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speak to a but of the big stories today. one of them is the scotland vote. they are all on the same page when it comes to scotland. >> just up until the last week or so, we have not heard much about this vote. remember, with david cameron and the conservative leader, they are not the best. britain is our closest ally. after we have seen, this actually make it approved by the
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voters. the uk is an extraordinary partner from america and a force for good and unstable world. stuart: thank you very much, peter. i happen to have judge andrew napolitano next to me. >> a matter of faith or morals that scotland wants to succeed. [laughter] stuart: we usually talk about
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resorts. up she goes 2.5%. you know we use yahoo! as a proxy for ali baba. it prices its public offering at 4:00 o'clock this afternoon. we hear pricing will be between that range. yahoo! is down a little bit. apple says it cannot work with the police to unlock your iphone or your ipad. even if the cops have a warrant. unlike ourrs, apple cannot bypass your passcode and cannot access this data. the judge has more. they are saying, look, we cannot
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do this because it is not technically possible. even if you have a warrant. find a way to unlock it. >> the phrase i saw was not technically feasible. if they tell a court is not feasible, they will find a way. the court is incapable of imposing an impossible burden on the cost it had to go through
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with. it is not done on an individual warrant by warrant basis. stuart: i think apple is trying to say we will not give the information. it is not feasible. >> let's say they want to be the internet service provider that protects them. they will probably lose. we are talking about search warrants issued by judges. we are not talking about nsa spies going after what they want. a valid search warrant issued by a valid judge. they will seize this or sees apple's hardware and then dispatch their own agents and it. a warrant could authorize that.
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stuart: it sounds like apple is trying to get a leg up. >> you have a warrant, you want to get into varney's iphone, it will cost $150. send us the check, we will give you the data. stuart: yesterday i got into it with liz claman. i criticized musk forgetting huge tax breaks to build a factory in nevada. >> six-6500 new jobs. stuart: no. no. you are wrong, young lady. i think i lost that exchange, actually. tesla getting a lot of tax breaks from state government to
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build taxes. >> i think that is contrary to good economics. it is just plain wrong when the taxpayers subsidize a business for coming in. where there is no tax to give a break from. they are giving back credit that you will sell to somebody else. stuart: it was a grant, essentially. i knew you were on my side. >> if you think diet soda is a healthier option, you may want to stick around for this. high blood sugar levels. doctor siegel explains. the dow is still up nicely.
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♪ nicole: i am nicole petallides with your fox business brief. the dow and the s&p 500 hitting record highs today.
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the s&p 500 up nearly eight. the nasdaq up 22 points. some of the dow leaders include dupont. you had eli lilly. pier one, that is a different story. hitting new lows. stocks at a new low. you can see here. time and sales data. split-second stats. ♪ its so close to the options floor,
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you'll bust your brain-box. all on thinkorswim, from td ameritrade. sfx: ambient park noise, crane engine, music begins. we asked people a question, how much money do you have in your pocket right now? i have $40, $53, $21, do you think the money in your pocket could make an impact on something as big as your retirement? not a chance. i don't think so. it's hard to imagine how something so small can help with something so big. but if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge sfx: crowd cheering might not seem so big after all.
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♪ stuart: amazon very quietly updated its line of tablets and you readers. faster, lighter, $380. that is the cost there. it comes with a top drop resistant case. brand new addition. some say it has the best screen of any e-reader on the market. however, virtually no publicity for these new products.
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jo ling kent is here. was amazon ignored because here comes ali baba? >> we have been all over the country. amazon is constantly reorganizing and upping its product. the stock was up. most technology companies that create product actually put out lots of different products. stuart: they develop the hands-on technology very well. >> they do learn from their mistakes. stuart: i am a kindle guide.
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>> i use that app. stuart: what is this about a new ipad? >> there are reports. in the second half of that over, we may get a new ipad. perhaps a new ipad mini. these are not confirmed reports. stuart: the stock is up. stuart: apple has been doing very well over the last month or so. stuart: new studies show artificial sweeteners can set the stage for diabetes. it could mean a lot of people at risk. doctor marc siegel is here. let's talk about which of these sweeteners we are talking about.
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we know what we are talking about here. aspartame. >> they are called high intensity sweeteners. stuart: this is in diet soda? >> this is a big business. i have to tell you, this study, this study was looking at 20 mice over a period of time. these sweeteners all third the bacteria in the stomach of mice in a way that could interfere with sugar absorption.
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if you are human, maybe. it is seven people over one week. they had an alteration in their stomach. stuart: it is not a good enough sample. >> it is not even close. stuart: i do not like this kind of stuff coming out. everything is bad for you. >> everything that makes money is clearly bad for you. seriously, i would not change my take on this. people should exercise more and eat right. there is no evidence that it causes diabetes. the ebola epidemic spreading. literally, thousands are dead now. look at this. we have our own guy dressed up
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ready to go. [laughter] stuart: he is not lot thing on laughing. he is next. ♪ are the largest targets in the world, for every hacker, crook and nuisance in the world. but systems policed by hp's cyber security team are constantly monitored for threats. outside and in. that's why hp reports and helps neutralize more intrusions than anyone... in the world. if hp security solutions can help keep
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the world's largest organizations safe, they can keep yours safe, too. make it matter. over 12,000 financial advisors. so, how are things? good, good. nearly $800 billion dollars in assets under care. let me just put this away. how did edward jones get so big? could you teach our kids that trick? by not acting that way. ok, last quarter... it's how edward jones makes sense of investing. ♪
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and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. stuart: lakeland industries. the hazmat suit. they have order to help fight ebola. charles robison is with us. the ve president of international sales. moments ago, you were seeing our guy. he is wearing one of the suits which you propose to send over to west africa. >> that is correct. twenty-five-$40. stuart: it is not as expensive or elaborate as i thought it would be.
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>> we just do not feel the current situation need that level. stuart: those suits will be worn by medical workers in west africa. >> correct. strt: u are wearing thi suit are u h? be. stuart: it is 72 degrees in this studio. >> it is much lighter weight than i thought it would be. stuart: how many of these can you produce given enough time? >> it depends on the configuration. to help meet the demand, there is no question that the situation in africa can stretch global demand.
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stuart: the stock has gone up as a result of this product. >> we feel that our stocks have been undervalued for a period of time. stuart: you are the vice president for international sales. are you heading to west africa? >> no, i am not. stuart: i think you have a gross market. thank you for joining us, sir. thank you for doing this. as us trillions stops, they stopped a brutal ices terror plot, they say it is lawyers, not generals deciding the strategy. true modern technology marvel. we have another demo live in our
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studio. the second hour is two minutes away. ♪ [ breathing deeply ] [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath... [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. now we invite smokers to quit, too, with our comprehensive program. we just want to help everyone, everywhere, breathe a little easier. introducing cvs health. because health is everything.
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stuart: you want a scare story? it comes from australia. 15 arrests today in the biggest raid ever down under. uncovered, a plot to kidnap ordinary australians off of the street of city, be read them, video tape and release the tape to terrorize the country. australian newspaper showing a picture of a sword the terrorists were planning to use. that is troubling. that is the total violent rejection of western values by people raised with those freedoms speaks volumes about the enemy within. let's get real. if it can happen in australia it can happen here. how do you feel about domestic
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surveillance? domestic terror obviously a real threat. i personally believe surveillance is needed. let's bring in dan henninger ear who says it is bill moyers, not the generals who are deciding military strategy, that is the nature of your column in the wall street journal. the lawyers are making military strategy? explained that. >> could they possibly guess how many lawyers are employed by the department of defense? the number of 10,000, 10,000 is the number of soldiers in a division. we have a division of lawyers in the department of defense. you have that many lawyers because there is so much law to apply to what the military does. this is a process that began after the vietnam war, democrats could not trust the president or
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the military or warmaking powers so over the years there has been endless litigation starting with the war powers resolution but that is not the end of it. surveillance, national security agency, that was one. take these things alone and you say this is an interesting issue, let's have a debate but at the end of the debate that has more legislation, that was true in the use of ground and targeting of people for use of drones, soldiers on the ground as we say. there are all sorts of legal restrictions on what they may do or don't do, for instance the interrogation of prisoners. all this has added up to this cook's panoply of laws and rules that untangled the military, and make no mistake before they go into battle they checked with lawyers to see what they can and cannot do. we are fighting with one hand tied behind our back. stuart: is this why there is so
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much parsing of words, the president says we are at war or not at war, boots on the ground, either lawyers behind this? >> those rules can trigger certain obligations on the part of the president. i will give you a perfect example. in 2001 after 9/11 the congress passed something called the authorization for use of military force. this is what president obama site is as the authority for the air attacks against isis they started a month ago. now lawyers have raised the question of whether isis qualified sad as al qaeda as defined in the original a u.s. left because isis decided they would officially break from al qaeda so they are not covered by the original a u m f. if you follow that legal reasoning you are a better man the night. 9 yes to see a second authorization, the first not
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cover our current enemy. stuart: you cannot change the nature of american society which has evolve to be more and more legalistic. lawyers run everything. you can't change that. you cannot fight a war and let generals fight it. you can't fight it in this day and age. >> you cannot. to turn this back, it would help if you have a leader, the president, the commander-in-chief, article 2 of the constitution who would say he simply was not going to let lawyers intervene in a serious battle undertaken against isis and terrorists you describe. and the one that would throw down a challenge, sue me or impeach me if you think i am breaking the law. >> president obama is going in the opposite direction. the white house made it clearer yesterday that he is going to her personally pick targets for any air strikes in syria, the
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wall street journal reported this. like lbj in the vietnam war he will sit in his desk in the oval office deciding who we can hit or a weekend. he said the drone attacks against targets if there's a near certainty with no civilians will be on the. all the people i talk to in the military say you can never achieve the standard of near 70, in virtually anything you do but barack obama himself will decide who he can hit or not. stuart: looking over his shoulder. >> a bizarre way to fight a war if we can call it that and we can't. stuart: i lived in america for 40 years which is one of the things the struck me as a negative. we have a rule not of law but the rule of lawyers. >> there's a fundamental basis, that we should that have laws or rules in military engagements.
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most people think once you say that, common-sense prevails and we decide what you can do and what you cannot do and it is not easy. to meet those categories there is a huge detail of verbiage and qualifications and nuances these soldiers and generals have to be aware of. the chairman of the joint chiefs, martin dempsey, has enough lawyers working for him to fill a law firm. stuart: 10,000 lawyers on the division. >> shakespeare would be spinning in his grave. stuart: good stuff as usual. check the big board, apparently there is no end inside for low-interest rates and investors just love that. a couple of stocks are hitting new highs today.
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dupont, 71. goldman sachs, 187. now look at the yield on the ten year treasury, interest rate barometer, 2.62%, the yield is up, that means the price is down. however we have one big loser and that would be rite-aid. you will explain why. >> a big loser. take a look down 17%, $5.57 a share, over 17% to the downside, they lowered the full year outlook and cutting numbers for the second time in three months. one reason for the problematic same-store sales that they have seen because of generics. generics bring in higher profits and there are delays, astra's and nick at drug, nick cme, a generic and that does well for names like rite-aid and walgreen's and that has been delayed. these types of things are cutting into their numbers, walgreen's and write a are winners this year, rite-aid is
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up 8.5%, and lowering their numbers, same-store sales are going to be week so that is down $0.17. stuart: that is ahead and a half. thanks very much. do check the share price of yahoo!. we use this as a proxy for ali baba, yahoo! owns a quarter of the company. they are down a little bit today but remember please ali baba goes public tomorrow. a price their shares tonight. ed butowksi joining us from dallas. you like ali baba in the long run but you wouldn't be buying it friday when it goes on sale for the likes of you and i. >> what i know is three times eversubscribes which means we 3 times more orders than the number of shares sold. that sounds good but a hot offering is 5 to 10 times oversubscribe to.
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most of the offers that have come in are from institutional investors. this is not a hot offering. i don't expect it to do for the but i think it will go up one or two points priced around $70. having said that i won't allocate any new money in the short run. stuart: when is the short run? a couple days away for it to settle down for a couple weeks? >> exactly right. stuart: if it is settled down, $70 a share, suppose it did, a couple weeks from now, $70 a share would you buy it at 70? >> i would wait for more information. the research report is 20 days after the ipo. i will within those and get the forecast. i will be a buyer of the stock at some point. it won't happen in the next 20 to 30 days. stuart: i would have thought this would be oversubscribe to, more buildups and i have seen since facebook, three times
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oversubscribed. >> that is the number i heard recently and what is killing a lot of retail -- a lot of friends, clients never asked for an ipo, and asking for 100 shares, they only have so many because most shares are going to institutional investors, there are a lot of unhappy clients because their broker can't give them shares. >> i wonder if people are gun shy after facebook. facebook did very well, $77 a share, below the ipo but at first that was the mess. it was cut in half from the ipo price as i recall. there was some gun shyness from that. would do you think? >> the elephant in the room is yahoo!. yahoo! is a dead company without ali baba, like blackberry for the iphone, yahoo! is struggling to find a business model,
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because of ali baba, it is a good company, long term company, it will be around long time. the next google, ali baba will say google is the next ali baba. stuart: if ali baba is the next google you imply that takes off a couple years from now because google did take off. >> is a huge market outside the u.s.. i said before many times on your show the rest of the world is the market. stuart: thanks very much. the rest of the show, the rest of this hour, first of the nfl scandal, another player arrested for domestic violence overnight, major sponsors issuing strongly worded statements, got all of that, money is talking but not
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walking. money is staying in football. we have an nfl insider on that next. scotland happening right now voting on independence, one major media executive says no matter what the outcome the united kingdom has been changed forever. still relief for the california drought, reservoirs drying up entire towns out of water. i say the environmentalists have a share of the blame for this. an exoskeleton, paralyzed people walk again. great stuff, you got it here. you will see it, live demonstration of the studio have an hour away.
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stuart: a whole bunch of names like peanut butter, and goes the stock, the white house's war on coal. and it is down 5%. here is what rupert murdoch tweeted on the issue quoting
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directly. stock and now voting no the can be sure of the outcome but yes, organizations likely to make it very close. either way, uk changes forever. that was rupert murdoch, which way the vote goes, stock want is u.k. is changed forever. >> he is absolutely right because regardless whether it is a yes vote or no vote, and when it is a no vote, that greater say of benefit or taxes and overall transportation and so on cutting away from westminster which is what the voters about, the fact the scottish people sometimes feel disconnected from westminster especially david
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cameron's conservative party. to mr. murdoch's point, don't forget the u.k. expressed doubt about being a member of the european union, embrace them euro and a resurgence of people who say they should get out of the european union without getting much out of that. it is dysfunctional and so on. a yes vote or no vote, just under 7 hours. what has been talked about is a disconnect between the that people in the government and that reminds you of the popularity rating of congress in the united states. peter: we will be back later ron. to the widening domestic violence scandal plaguing the nfl. carolina panthers display great party convicted of domestic violence. jonathan dwyer in a arrests on charges of domestic violence
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against his wife, and 18-year-old child. they are not walking away from football. listen to this quote from an anonymous advertiser in the wall street journal. in a world where you can't get a big audience anymore where are you going to go? we don't confine violence against women but how is it the right thing to do with shareholders to pull out of the nfl, fox sports's nfl insider is back with us. you were right, the money is not walking. it is still staying in football, isn't it? >> it easy to say we are against child abuse. who is not against child abuse? all these companies came out with child abuse -- adds, until you pull those that you adjust talking. it is almost a pr play, it is against -- of course you do.e w. thursday night football on cbs,
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the big bang theory monday night because they want to cater to the nfl, they have to have the nfl, the buccaneers are playing of a falcons and get crazy ratings, the buccaneers and falcons, atlanta and tampa bay, not brand name teams, people watch football, they record and watch it when they want to. you will find a results otherwise. until these advertisers walk away, it is a lot of talk and i think it is a good thing to be with football but the game is not as bad as everyone else is making out to be. stuart: football is king of the hill, the number-1 sport financially in the united states and has been for some time, it is growing, very strong. the money is not going to walk away. there is condemnation of behavior of the field, some individual teams may suffer because of the stars who are benched for a long time. overall, see if you agree with
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me, football retains its 1 financial position. >> i think so. some of these players are being deactivated and suspended and all these things. peterson, heidi and the wire, none of these people lost a paycheck. let's let this settled down, especially with peterson who would make $700 a we could not play football. basically just stay out of the picture. he and his agent came to the vikings and said keep out of the limelight -- stuart: $700,000 a week. >> just for the season his contract is three years and that is what he will make to not show up. it reminds me of the wall street stuff how we're handling that. stuart: the nfl cannot interfere with the contract. >> the players union will fight to the bitter end, he has not
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been tried in a court of law is. to make this decision, won't come around but over $1 million a week to not show up. stuart: i know you don't cover football, you do cover football, and i want to get your take on this ad from gatorade. look at this for a second. ♪ ♪ stuart: a very classy guy, built up in a nice fashion fair, occurs to me baseball needs another derek jeter and football could really use derek jeter. >> i am cynical about these, i am probably going to enjoy it. there are a lot of good guys
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these days. don't give upon sports, there might not be another derek jeter. stuart: baseball is down in terms of tv ratings. >> we will see an upswing, we got good matchups and young rising stars and the anaheim angels. baseball will be coming backup. stuart: you are right about football. the california drought very serious situation. pharma struggling to get the water they desperately need. one reason in my opinion, the environmentalists. i make my case in a moment. the dow is up 100 points. ♪
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only from xfinity. stuart: no end in sight for the california drought and it has a huge financial impact. the dry weather could cost the state $2.2 billion. melissa frances is with us. money with melissa frances 2:00 p.m. eastern on this
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network. and stick my opinion -- >> that is so unlike you. stuart: in my opinion the greenies have some responsibility for this drought because they won't allow any dams creation of new reservoirs, the rivers of gone to flow into the sea to protect the fish and i blame in part the greenies a you say what? >> what to you have against the delta? that means you don't love the delta of or think it is worth shutting off water to 25 million people. look at him. he is the size of your finger and is an endangered species and so says oliver wagner when he declared it an endangered species and divided water from the san lateen river valley, one of the most fertile grounds, feeding millions of people with fruits and greens, we need to save the delta snout. what do you have against the
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dell does not? >> sarcasm -- >> i might be being a little bit sarcastic. he picked up on that. i am on your side. it is ridiculous. diverting fresh water and dumping it into the ocean in order to preserve these species and instead we are shutting the tap to 25 million people, instead we are drawing a region that provides food to the entire country. it makes no sense. this is what we will have later on the show, cattle ranch and this is what it looked like on the left in march of 2011 and this is what it looks like today on the right all because environmentalists have grab hold of california and turned it into a dust bowl. it is a tragedy. stuart: i'm glad you are covering that. we had liz claman on this show to promote her interview coming up later in the day with elon musk. we got into a good debate over the tax breaks tesla received to
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build a factory in nevada. roll tape. >> you don't see this side of the calling, 6 to 6,000 new jobs and that is inside the factory. stuart: you are wrong, young lady. you are wrong. >> will you let the wall street journal op-ed page do your homework for you? stuart: i maintain i am right. elon musk is a creature of government taxes liz >> got to separate it out. if you talk about what is going on in nevada, the government has agreed to steal less of his shoulder's money. they are taking away less of his hard-earned profits and shareholders profits in exchange for bringing the factory there. if you're talking about $7,500 tax credit that is you and i supporting people buying an expensive car, i asked about that point blank and said how would you fare without those subsidies and he said i would do fine, i could sell everything i so, i could still have the
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factories i have put their and is cheap and the government is giving it to me so i wouldn't i take it? that is his perspective. stuart: something has been bothering me. >> i got you a cheeseburger, i know that you are watching your waistline that this is for you because it is national cheeseburger day and i celebrate with you because the cheeseburger represent everything crazy liberals are trying to kill, the cheeseburgers the symbol of america and there's a war on the cheeseburger. is not healthy, even though it is environmentally in california as a rancher we are having gone he had this water half of his cattle, because there is no water. as a result the price of ground beef has gone up $4 a pound for the first time in history. cheeseburgers are more expensive because of the liberal environmentalist. stuart: where have you been? all the right things, where have you been? >> we were separated at birth.
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cannot borrow it at 2:00 p.m.. enjoy the cheeseburger. >> stuart: a motorized exoskeleton helps them walk, a real walk. that gentleman is walking into studios. live on our set next. >> is absolutely amazing. this is an israeli company. i saw a press on it before. hardly anyone is talking about it. it is crazy. look what it does.
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spiriva handihaler. stuart: let's share price, it popped and has come down a little bit since then. let me tell you what reebok does. they build where rebel robotic exoskeletons for paraplegics, giving the ability to walk. the gentleman to my right is training on a reebok after suffering an injury, paralyzed 12 years ago and with us is the ceo of the company. i will start with you if i may. you are wearing this
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exoskeleton. how are you trading on this? >> since 2013. stuart: it allows you to stand up straight and what? >> that is what it does. >> without it you could not be standing here and moving across the studio. >> no. stuart: what does it and do exactly? >> the movement that we take a step, the machine does it for you, and walk around. >> i will call them power packs on the side. stuart: tapping on that thing, that supplies the power to your legs to move. without this you could not do anything except sit in a wheelchair. you developed, moving more freely with factors. >> with this on? absolutely.
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stuart: let me turn to larry for a second. >> the price is 65,500. the way we are focusing on this is a reduction of medication, reductions in complications with spinal cord injury. one measure of it, the va in the bronx decided to provide this for veterans based on their own data showing economic value of this. stuart: the va is buying your product. >> above the a in bronx, n.y. as policy to do it. >> whether it's supplies of the drugs. up to a point, forgive me for qualifying but up to a point you walk into the studio moments ago. that is what we are offering, that is a marvel. >> looking eye to eye, he is taller than us but what is going
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to the metabolism of the human body by exercising again is meaningful and that is more important clinical data, and look at the reimbursement for this to apply to more people. stuart: can you put that power pack on everybody who has lost the use of their legs? >> you can put it on 80% and you can't be taller than gene, you have to be 6 foot or less, you can be 120 pounds and have the ability to pay attention to what you are doing and the right bone density when you stand up again. stuart: i don't see gina's head attached to anything. not reading william muscles want to go. what happens? move a little bit and the power makes you move more. >> when you walk normally, i remember those days you been into your walk, that reads that. so you keep leaning, and --
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stuart: when you develop a technique, that is true of everybody. and develop a technique for using it. >> it is 15 sessions to get used to it. a lot of this is walking with your upper body. and the other part of the torso, in the stands. jo lin king you walk for us. >> what did you just do? >> i gave it the command and i want to walk. if 5 press it, stuart: yes you do. stuart: and you can turn. >> you can turn when you are
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walking. i am going to walk behind wary. we don't move for him because we learned he is good enough at it. stuart: it really is. the remember first time you put this on and you walk the first few steps? >> it was tough. it was emotional for me. when i first got up, at the va, he tells me you put this down and stand up and i remember -- i didn't want to press that. wanted to enjoy the moment and was pretty emotional. for so many years. stuart: it was a real pleasure having you on the show. and thank you for coming on the
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show. great product. thank you. check the big board please, we are up 90 points, that is a rally. the number of billionaires increasing, president obama's agenda read distributing wealth not working well. more on that subject next. >> get government off the back of the guy driving a hot dog cart. get the government off the back of the people who want to start a business on their kitchen table and one way we do that is get rid of the irs, implement the fair tax, make it simple to open a business, make it simple to operate a business and you will see a lot more people who have jobs. you know what my business philosophy is, reynolds?
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a new promise... to help all those wishes come true. cvs health. because health is everything. stuart: nicole petallides and a record-setting day on wall street, dow and s&p have all-time record highs, the dow 91 points up 1/2% at 17,230, isn't the of 38, the nasdaq up 28, con agra fins and a parrot, the maker of chef boy it, up 3.7%, higher quarterly net income. good news for d a g and expect volume to be flat this year but an up arrow. arch kohl also peabody energy hitting new lows. all these names down 5% to 6% as goldman sachs cut its output for
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coal prices. don't forget 22% stake in ali baba tomorrow. it is up 9% this month. this will be one to watch over the next 24 hours. [ male announcer ] automotive innovation starts... right here. with a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a newly redesigned cabin of unrivaled style and comfort. ♪
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good news for investors lee janzen b 500 also up 1/2%, 2010 is the level there. the ten year treasury now yields 2.61%, we talked to ben -- winter resort in macau but the casino operator won bidding on a $6 billion casino outside boston and the stock is up 3.5%. a cliche i guess, the rich keep getting richer. here's a number for you, a number of new american billionaires' this year. president obama as redistribution policies are not working that well, the wealth gap is growing. joe biden, chief of staff, robert hoops is with us. explain yourself. >> i don't agree with the premise the president had a redistribution program. stuart: wait a second. from the get go let's get this straight. the federal reserve says the only group of people who are prosperous, benefiting in the
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last five years benefiting financially is the top 10%, middle america shrinking, 4 are getting poorer, despite five years, going to redistribute the wealth. >> i never heard the president say that. stuart: you never heard him say redistribution? >> no. the fact record, the rich have gotten richer and the middle-class and working for have gotten squeezed. it is the most important public poll issue for both parties going into 2016. stuart: you have done nothing about this in five years. >> fair share, to need a fair deal you need a minimum wage that is livable. people get paid it will make a difference. stuart: five years of this president's policy why is it in five years is the rich who have done well despite everything that the president has done?
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don't you understand this version of redistribution is a failure? >> i disagree with the premise. if mitt romney were president it would be even worse. the fact is very clear. republicans have opposed minimum-wage, opposed health-care, oppose programs that people need to keep two jobs, to manage a family, to rely on public transportation, none of those things have been reported by -- supported by the republicans. stuart: when you can raise taxes and stop growth. >> if -- stuart: precisely raise taxes, got up across -- >> if there were -- stuart: you have failed, sir. you should appreciate that. state the case clearly. five years of president obama's economics have failed. >> i don't think that is accurate. if you look at what the economy was in 2008 when the economy -- when the president came in and the doomsday stares from wall street that have been on this
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show is that we could never turn it around that is not true. the president turned around, unemployment is below 7%. stuart: it is world war ii. you failed to produce 4% growth except in a couple of quarters, in the last 5-1/2 years. failure. >> i wish the republican party in washington could hear you because they bear as much or more responsibility. everything the president is trying to do -- stuart: the republicans? >> they have fought health care, minimum-wage, equal pay for women. fundamental -- fundamental -- stuart: it is in place. >> 7.3 million people today have health care that would not have had health care. those people can get jobs now, they can transfer jobs, move with preexisting conditions. all these things you need in a high functioning economy the president has put into place despite the efforts of the republican party to block him every single step of the way.
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we're going to be talking about this. stuart: it is bush's fault. >> i don't begrudge people making money. i don't know why you are opposed to people making money. stuart: what you wanted in its in place. excuse me. you got a massive increase in government spending. you got a massive increase in welfare spending. that is redistribution. it has not worked. >> there is no -- stuart: 47 million people on food stamps is not a massi increase in welfare? trillion dollars a year go out the door. that is a huge increase. >> you are talking about tax incentives for the very bottom third of american turners. if you talk about tax incentives carried interest, low capital gains tax rate on the wealthiest and you want to talk about tax giveaways don't talk about people on food stamps working,
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talk about the rich who are getting off. stuart: we obviously disagree. i wish you well in taking that message to the people and explaining it is all -- >> cu in 2016 and we will win on these messages. stuart: thanks for joining us. senator barbara boxer upset about senator bob corker's line of questioning when asking john kerry about isis. response to this is next. >> with respect -- >> you can save the answer to my questions. >> i will answer your question. i am sure you will be happy to have the kind of dialogue that talked about earlier. it is import to talk this through. >> i have two minutes and 34 seconds and four more questions. (vo) rush hour around here
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stuart: senator bob corker, tennessee republican gave secretary of state john kerry of hard time during the 4 relations committee on isis yesterday, so much so that it even upset senator barbara boxer. >> i think it is shocking. i am shaking and trembling. this is not the time to show anger at the people who are working night and day whether you agree with them or not.
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stuart: we couldn't help but think of this. this is from a hearing five years ago, senator boxer interrupting a general over her title. >> ma'am, the l a c p r -- >> do me a favor, could you say senator instead of ma'am? i worked so hard to get that title. stuart: liz macdonald is here. go back to senator corker and senator boxer's statement, what is going on? >> senator koran democrats are questioning the secretary of state, what are the plans to hit isis and hit them hard? big details on aerial bombardments, so being pressed on details of what exactly the white house is doing to go after isis, i use stalling for time until after the midterm election and democrats by the way -- stuart: when that is what senator corker asked the
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secretary of state and senator boxer didn't like that question. liz: didn't like it. this raises time and again, whether you agree with senator boxer, what reaction does work in the senate, what kinds of dialogue works? you brought up the brigadier-general five years ago, he was talking about infrastructure spending and use the term man. i find it dubious when women get upset about pronouns that i used. that general referred to the senators, the men as sayre. is it political grandstanding? an over reaction to it feels like that. stuart: interesting when senator boxer's shaking and trembling because of a question asked. liz: over what and why? stuart: political theater. more varney in just one minute. $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time,
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for twenty to thirty years, that retirement challenge might not seem so big after all. ♪
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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: you know, it's just amazing where the time goes. mind is all gone, so here is deirdre bolton. deirdre: time for a scotch, stuart, in honor of scotland and
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its vote. here are the stories we are following for you: a 307-year-old union may be broken. scotland voting on its independence right now. economic issues are make or break for voters. chinese e-commerce giant alibaba breaking a pattern, giving insiders a chance to sell early. what that means for tech. and in media, executive chairman of 21st century fox, rupert murdoch, tells us why the time warner combo didn't happen. we are going to start in scotland right now because voters are at the polls. it is a historic vote. a record turnout is expected across the country. we take you now to the capitol, edinborough. ashley webster is there, so, ashley, what's the tone like? >> reporter: well, it's actually one of great excitement, but don't forget, this campaign has been going on for two years. today is the day, the polls till

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