tv Varney Company FOX Business October 16, 2014 11:00am-1:01pm EDT
11:00 am
sandra: we have to leave it there. it is time for "varney and company". i will hand this 66 point loss on the dollar over to you to figure out. it is all yours. stuart: i will do my best. ebola creeping paralysis, that is what we are dealing with again today although the market is coming back pretty good. good morning. here is what we will cut to. the nurse confirmed with ebola was allowed onto a flight when she had a fever. after she got off the plane made five more commercial flights. high anxiety for the hundreds of people who flew on that plane. in cleveland witty nurse spend time two schools closed today. this is the paralysis that worries everybody investors included. paralysis has big financial impact. the public is concerned about contain ebola and the president's ability to lead that effort. this is no longer a crisis of confidence, this is a crisis of
11:01 am
incompetence. stocks are coming back a little. -pebola is the trigger for the early morning sell-off earlier today but the fed is trying to come to the rescue. today later on the cdc will be grilled in congress and you will watch it happen and see what happens to your money. "varney and company" is about to begin. ♪ stuart: the market will come back but we are calling this a crisis of incompetence. amber vinson, the second nurse with the ball had a fever and was allowed to board a flight from dallas to cleveland. she may have lied to the cdc about how she was feeling. you was going to cleveland to plan her wedding. she was transferred to every hospital in atlanta while being moved onto the plane, that is her in the yellow hazmat su, a
11:02 am
person in plain clothes, no has met the year, reportedly a medical protocol supervisor. how is that? speaking of family, a new mystery patient revealed, a doctor who was treating people in sierra leone has been undergoing treatment for five weeks in secret. why the secret? the hospital said patient confidentiality. workers treating thomas duncan did not wear hazmat su 3 two days after he was admitted despite assurances from the cdc the hospital has protocols in place and they were being followed. finally the nurse's union says there are no protocols, they trained each other and it was voluntary. check the big board. we are down 89 points, almost at break-even level, we had a federal reserve governor come out and talk abbut not spending
11:03 am
money. charlie gasparino predicted that yesterday. charles: i will keep my hands up all day. stuart: he said something in the market came back a little bit. how about the s&p 500. we are down they have% there. look at netflix. it came up with 3 million new subscribers in 13 weeks. sounds like a lot. not enough. apple debuts the new ipad today. clayton morris is there. he's got one. he joins us and 30 minutes. price of gas is still falling. the cheapest gas in the nation,
11:04 am
$2.47. that is the cash price for regular. quickly looked at the airlines. where are we with that? you said it on the program yesterday when the market was plunging. >> janet yellen, the chair of the fed basically saying we will keep printing money. we will not let this market crash. basically infusion cash into the banking system. they loved your show, by the
11:05 am
way. it may not matter what the fed does anymore. the fed cannot print money, keep interest rates low and help the market. 68% of voters are concerned about ebola spreading throughout the country. 60% think there should be a travel ban. we should point out that the caribbean island is among the countries where there is now a travel ban. monica crowley is here. i want to talk the politics of ebola.
11:06 am
if we are talking about government incompetence, we are talking about president obama. we are talking about this election. >> i have a cold in the washington times. talking about how this is the final nail in the coffin. really big government and federal government in general. this crisis is really something that i think has put most of the american people over that the edge where they are not even believing what the cdc is telling them. isis is changing. ben ghazi was not about a video. none of this stuff has turned out to be true. when a real crisis happens,
11:07 am
people are looking at what the government tells them. there is nowhere else to go. president obama tried to get out from yesterday. i think he spoke about 10 minutes where he was talking on and on and on about his response to ebola. i believe he canceled another one to get out from this problem. >> it is better late than never. >> there is a link. you have the acting surgeon general. we have heard from
11:08 am
friedman. he is in the crosshairs now as well. we hear about these nurses saying we had no protocols for two days. where is the head of the nah? there is a sense in the country that so much is spinning out of control. that is the ultimate fear. stuart: i want to move likely to capitol hill. we are calling this the crisis of incompetence at all levels.
11:09 am
we know what doctor friedman will say. we know that he will concentrate heavily on containing ebola in west africa. >> you go back to the middle of september and the president went down to the cdc. we now see that that statement is not operational. it does raise that crisis of confidence. we have to fix this. we have to get it right. what are we going to do to make things better? >> congressman, are you going to
11:10 am
make things better? >> a travel ban only makes sense. you have 150 people a day. that is a triple number. i am not saying you cut it off forever. it does lead to occur. speak to the president is opposed to a travel ban. it is because of political correctness. willing to keep out for people that come from a very poor continent. to keep them out of america. >> it is not a permanent travel ban.
11:11 am
heaven help us if there is a new patient zero in some community hospitals within the next five or seven days. you know what, we can be very generous with aid packages to western africa. the trouble continued to happen on military transports. it is not like we are cutting them off from the rest of the world. the worlddhealth organization has requested that the new cases would be about 10,000. that would increase the pressure. the time is now. stuart: thank you for being with us. >> thank you. we will run live with these
11:12 am
hearings. we will again move this market. charles: the market is sensing that as well. why are they selling stocks when they see ebola headlines. they do not believe this white house anymore. what they are really worried about is not just dodd-frank and installation. don: ebola was a trigger for a very early selloff. now we are down 50. talking about maybe printing money for a bit longer. that helps.
11:13 am
look at the price of oil. guess what is next. the former shell oil president. ♪ so i can reach ally bank 24/7, but there are no branches? 24/7 it's just im a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... tra new way to bank, where no anches equals great rates. suddenly u're a mouthbreather. well, put on a breathe right strip and instantly open your nose up to 38% more than cold medicis alone. so you can breathe and sleep.
11:14 am
11:15 am
ae hes you be rdy anytime the moment is right. cialis is also the only daily ed tablet approved to treatymptoms of bph, like needing to frequently. tell yr doctor about all your medical conditions and medicines, and k if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed baache or muscle ache. to aid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free0-tablet trial. ask your doctor about cialis for daily use so ally bank really has no hidden fethat's right. aounts? it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates.
11:16 am
stuart: where is my money now. you are down 60 on the dow. 1241. do look at ebay. it cut its forecast for the whole year. how about mattel. they do the barbie doll thing. big-name you know it. you have to tell me about goldman sachs. the stock is down 2% at the moment. the stocks came in pretty nicely.
11:17 am
a lot of that was attributed to the bond trading act committee. it jumped 74%. the ceo basically saying beware. we have had improved economic conditions. the sentiment can always change. the last thing that i will note is goldman sachs remains number one. do not forget their heavy involvement in ali baba. >> let's not forget that. it was at the 79th and change level. john hofmeister joins us from houston. i just want to fantasize for a second. i just want to think how much oil we could produce if we went gung ho and america. we drilled on federal lands.
11:18 am
tell me. how could could it be? >> i think we could get 12 million barrels a day. if we shift it to more fuels from natural gas, we have so much natural gas we could reduce imports by another 3 million barrels a day. we could be north american independent if we let loose and really went after it. i want to get into america's energy production. i think we have the saudis on our side. how do you see this geopolitics of oil?
11:19 am
prices have dropped quickly. as long as the prices are lower, it would not surprise me if they are not testing the low range of the oil price. nobody knows exactly what the price is worth the costs are. stuart: at the moment, we and the saudis together, we are pushing the price down. >> it could quickly caught back. global demand is still on the rise over the medium and long-term. this is a short-term
11:20 am
fluctuation, in my view. i think by january, february, we are in the mid- 90s. we could see prices fall below 80. do you think it is possible we could really start to go after domestic energy and produce as much as we can? he has put people in the office on the regulatory side that would make it virtually impossible. we are stuck in a rut. we have directed somebody that was hostile to the new contact. it has absolutely nothing to do with leaving that process.
11:21 am
why does the president say no to all of those jobs and all about prosperity. charlie first. >> my dad was a democrat back in the 60s. west on.on why, he felt that the left wing of the party was hurting the middle class. who is he going to listen to? he is listening to that environmentalists over the concerns. stuart: if the republicans do take the senate, is it not possible that we will get a boom in energy production?
11:22 am
>> they will put energy related bills, they will pass them through both houses of congress. it is a no-brainer in every way. i have been talking about this president for six years. he will not move off of it. it is up to the republicans. stuart: i think that we are in general agreement that it will be very toughhto get that up. we appreciate it, john. i want you to look at netflix. it is down. maybe another problem for netflix. hbo getting ready to launch a streaming service of its own. we will have more of that after this break.
11:24 am
synchrony financial partners with over two hundred thousand businesses, from fashion retailers to healthcarproviders, from jewelers to sporting good stores, to help their customers get what they want and need. banking. loyalty. analytics. synchrony financial. engage with us. [ inhales deeply ] [ sigh] [ inhales ] [ male announcer ] at cvs hlth, 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,
11:25 am
breathe a little easier. introducing cvs health. because health is everything. introducing cvs health. you never jim jam shabriver flab dry ris.o is, bliss pounds hazy dray? drywall sh-boop leaver - murray. hey, big bog panorama corn salabaty? dude, squibble bits. mareyayzee. mormal snap jebby rolban jebby deetle flosh. [laughter] eh. now's the time to get in the loop. just look for our fall tv picks with xfinity on demand.
11:26 am
huh. quickly find the season's hottest shows, huh. quickly find the season's hottest shows, with a handpicked collection all in one place. only from xfinity. {door unlocking} hey, what's up? (door closing) how's it going? what are you doing? i can't believe you're watching this without me. we agreed we'd catch up on everything tonight. if i did this to you, you'd murder me in my sleep. you know what? just watch it by yourself. (sighs) i can't not know when i know that you know. the latest episodes of the top 100 shows are preloaded and ready to watch with xfinity on demand. stuart: it looks like they are trying. down only 28 points. the s&p 500 is fractionally
11:27 am
lower. then we have this from fox news. amber benson, the second nurse with ebola met up with my friends at a retail store during her visit to cleveland. the camera was responsible for the skiing injury. the exact tweet was talking about go pro. it was just my opinion. what if go pro could sue that guy. just look at netflix please. adding fewer subscribers can expect it. hbo announced it will be announcing its hbo streaming service. no cable subscription needed. jo ling kent is here. this is all good news for the cord cutters.
11:28 am
they just go screening. >> in the anddnetflix will not be that long-term of a hit in the stock. they are doing a lot of international growth. there is a lot of opportunity here. more people that cut cords, the less they will have. they will also want all of the other content. maybe there is more content, more variety. >> it just shows us the importance of streaming. are you being funny? >> not at all. and other party is at cbs.
11:29 am
11:30 am
[laughter] stuart: i have more on the breaking news. the second nurse did meet with my friends at a retail store. we are talking about paralysis. creeping paralysis. people will not go out. this is an example of that. i said this yesterday. the one thing that could override obama, the fed. they could override incompetence. they could make people in the markets happy.
11:31 am
>> they are a necessary evil. >> here we go. you got this right, gasparino. stuart: should we give the old guy some credit? >> even if it does not have an impact on how people are investing, necessarily. >> you know, it should not be this way. we should not be worried about whether or not the fed will print money. >> we just killed a commercial break. we are up 15 points. i have to admit, yes, the fed played a role. >> apologized to janet yellen
11:32 am
just once. many people do not understand the words. very few people understand qe3. >> more people do not need to understand this. america's central bank run by janet is going to print a lot more money. you can understand that. >> this is a golden opportunity. what has happened? he has heard them. >> sticking it to the rich.
11:33 am
raising taxes. who has benefited the most? the wealthy. only because there is no place else to put your money. there is no place else except the markets to put your money. stuart: hold on a second. we are up. we were down 100-point plus. now we are up slightly. people want to know what is going on with their money. when it goes so far down so quickly, maybe i should take a flyer on this one. just jump in. watch the fed.
11:34 am
i do not want to kill people. guess who is on the phone? guess who is joining us now. here we are saying that the federal reserve is responsible for just turning around the united states stock market. now i am jumping in the middle of the fed. what ever the fed does will be a temporary artificial fix to push into the future the depths and problems of today.
11:35 am
what happened to the stock market if indeed we do start printing a lot more money. will it work? we would have a far more stable economy. if interest rates could float and tanks were free. >> long-term, stuart. stuart: just stay there for one second. i've got some breaking news. nina pham will be going to the national institute of health biocontainment facility in maryland later on today. that will be happening later on
11:36 am
today. >> you have to get the patient off the crack and the arrow went. stuart: when she went to cleveland to discuss wedding plans, she met with her bridesmaids and said she was not feeling very well. she then spoke with the cdc about getting on a flight. it appears that she may have lied to the cdc. got onto the flight. issue liable? can she be sued in any way, shape or form? >> i do not know what a lawsuit could do in terms of dollars? if a person is knowledgeable
11:37 am
about this and aware of the dangerous nature of contagion that they bring into society, they are absolutely liable. if a person has a cold or a headache or a flu or does not feel well, there is no reason why they should suspect that they have ebola. if a person is asked about symptoms and lies about the symptoms in order to avoid the sting and inconvenience of quarantine, that person could be liable or the consequences of those lies which would be she may have touched, she may have embraced the hands of her bridesmaids.
11:38 am
>> it just shows you that the protocol can be avoided if somebody applies to tell the whole truth. judge, thank you very much for your appearance today. >> i do not want to go on a tangent. can you judge the level of flight traffic. >> i am in houston. i am not in dallas. it is busy. it is bustling. stuart: thank you very much indeed. this is the dock there that were the hazmat suit. saying that the cdc had lied. you are in the picture right there. first of all, i want you to
11:39 am
comment on the closure of two schools in cleveland because ms. vincent had been there and spent time there. the closure of the store that she visited looking for a bridal dress. that, to me is an example of the creeping paralysis and the extreme anxiety that people feel when they are anywhere near the possibility of ebola. it is because we know and understand fully that the government is not being entirely truthful at this time. we know that clusters will happen. we have known that this is more contagious than they said. all of them have lost credibility.
11:40 am
>> we will hear from two of those gentlemen. i want to go back to what you were saying there. the cdc defines contact as being 3 feet away. i am very close to the person sitting to the side or this site. that is a source of anxiety. >> we have dealt with this question. we would not want to be sitting anywhere near that patient. stuart: i think that is the way the public feels.
11:41 am
>> of course. i think we know that is the case. one of us has ebola like symptoms. you are not very contagious if you do not have a fever. the great guy that wwote the book on ebola says he does not know how it is transmitted. they blame the nurse for exposure. we do not know everything about it. we know what they will say.
11:42 am
we have to contain it in west africa. 10,000 people fly out every day. if they are worried about the workers, that is not an argument that they can say. stuart: what do you make of the government plan to open a hospital in each of the states? >> we must do further. right now we have to ask permission. they must make it immediately available. stuart: can the government do that? do not wait for the government. right now each hospital has to have tabletop exercises this week. do not wait on the government.
11:43 am
we have been having faith in the government and now we are realizing that we cannot do it. stuart: who is going to pay for it? that is an arm and a leg, doctor. that is a huge amount of money. the dallas hospital -- >> i believe. i have heard that. how many more cases can we have in that one hospital? there is a disconnect. they are the ones fighting panic. now we know.
11:44 am
>> stuart, he is saying when i talk to doctors off the record, he is saying exactly what they are telling me off the record. they are highly suspicious. it is not as hard to get as the common cold. know.in that radical middle you actually had the guts to go on the air and talk about it. stuart: supposed doctor friedman went out from day one and said do not get too close. do not get within 3 feet of someone who's got this. the man is in a very difficult
11:45 am
>> that brings up the point. incrementalism. they know we cannot handle. >> they are not easily panic. i think they feel like they are not getting it here. either i did the government knows how bad it is and does not want to cause mass panic or they really do not have a handle on it. it may actually be a worse situation if they do not know. do you think that and ebola headline is still a stockmarket tradable headline? >> yes. the fed will outweigh. we need to act against these positions.
11:46 am
they move quickly as an example. stuart: you are a tough guy, doctor. now let's move onto the second nurse. she flew from dallas to cleveland. that five friends there. they went to a store in cleveland. the store has closed voluntarily for today. seven people who had come into contact with vincent have no voluntarily quarantined themselves. we have doctors testifying on capitol hill. you will see it. you will see what is happening.
11:47 am
apple unveiling its latest series of ipad today. a sneak peek of what these devices will looo like. this image was leaked a couple days ago. guess what, clay clayton marsh is covering the apple event. i think you've got one of them. >> i wish, stuart. there will be touch id on these devices. you will not see much of a shift in the design for these new ipad. will people be handing over
11:48 am
their ipad? how will holiday sales air out? >> it is an absolute game changer on the iphone. one of the best technologies we have seen over the past year, year and a half. it is stored locally on the phone. you do not have to worry about some hacker getting in and getting access to your information. to be able to have that sitting back on the couch, not having to type in credit card information in the future, being able to log right in, i think it is a game changer. stuart: clayton, will you never learn? it is never random shoes.
11:49 am
surely, you know that. >> she ordered last year. why does she need boots this year. [laughter] stuart: i do not want to be involved in this. hbo go has upset the whole apple cart. what do you make of this? >> hbo has wanted to do this. if you have an apple tv or some other device and you want to watch hbo on it, that is great. you could pay for hbo. it is an absolute game changer.
11:50 am
you will see a new landscape over the next five years. apple tv, etc. stuart: thank you very much, indeed. you are nodding your head vigorously there. >> ebola is a huge story. people love entertainment. people are sick of paying high cable thieves. i always miss pronounce his name. every cable company, comcast market cap is huge. stuart: i have to break in. i have this just coming to us. the ceo of delta. he says, delta is monitoring thh delta situation every day.
11:51 am
he also says this. the first communicable disease they have had to deal with. they are prepared. airlines, by the way, not exactly bouncing back. most of them are up a little bit today. it is interesting. i have to fly to chicago next week. i will continue to do so. i do have that in the back of my mind. terrorists are still hung up on using this. we have this on top of everything. stuart: before we go to a commercial break, i am showing youuthis. found 56 on the dow industrials as of now. lots of new updates on ebola.
11:52 am
lots of new updates on ebola. it is a big news day. we will wrap it up for you at the top of the hour. ♪ stery. stery. you're never quite sure what is coming your way. but when you've got an entire company who knowthat the mt on-time flights are nothing if we can't get your things there too. it's no wonder more people choose delta than any other airline.
11:53 am
when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and invation jobs. advanced safety systems & technology. ipping and manufacturing. across the united states, bp supports more than quarter million jobs. when we set up operation in one part of t country, peoplen other parts go to work. th's not a coincidence. it's one more part of our commitme to america. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare,
11:54 am
you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see.
11:55 am
so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. stuart: we are down 70-75 points. i thought we would come back with help from the fed.
11:56 am
>> what i am seeing on my twitter feed is that people are dissect an what people are saying. they will call it qe ted. they will print money. stuart: do you think that ebola kits the senate to the republicans? >> i think it is a real wild card that nobody saw coming. i think it feeds into the sense of uncertainty. that, i think will benefit. stuart: thank you very much,
11:57 am
11:58 am
...the getaway vehic! for all the confidence you need. td ameritrad you got this. they take us to wods full of heroes and titans. for r respawn, buiing the best interactive entertainment begins with the cloud. this is itanfall," the first multi-player game built and run on microso azure. empowering gamers around the world to interact in ways they never thought possible. this cud turns data into excitement. this is the microsoft cloud.
11:59 am
so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah..i do... try a new way to bank, where no branches equals great rates. . and hearing about to get under way. the cdc chief will testify on the ebola response. fireworks in the q&a portion which we will take you to live when it happens. watch out, here it comes. to the market, swings, major swings in stock prices, down off of the lows of the day, the dow did move higher one stage just for a few minutes. we are down 63. the fed came to the rescue. here comes the big hour on varney. ♪
12:00 pm
stuart: let's bring in rich edson. dr. friedman, the cdc chief, his opening statement, is it all about containing ebola in west africa? >> that is it and this is an issue they have been talking about, both parties, many members of them pushing for a travel ban. this is something the chairman of the committee we talked about in an exclusive interview a short while ago. take a listen. >> until this is contained there is no reason to expose more americans than of already been exposed. we want to make sure those who are capable of everything on the ground. it is not a girl. this is serious. >> he is joining the khorasan of calls, what the administration say is the most effective way to fight this in west africa and if you have a travel ban from the united states is more difficult for aid workers to get in and out of the country said the
12:01 pm
administration continues to resist, congress has field hearings when it is out on recess but it is rare for congress to come back to washington dc or a committee to come back to washington d.c. told a hearing like this. chairman upton says he doesn't remember ever convening a hearing in d.c. especially a couple weeks before an election. stuart: i think dr. freedman will be questioned about more than containing it to west africa. his performance will be under the gun today but we will take you there live when it happens. here's the latest on ebola. nina fan, the nurse who contracted ebola will be transferred to the national institutes of health biocontainment facility in maryland later today. the second nurse, and athens and who'd drove from dallas to clevvland, they went to a store in cleveland, that store is closed voluntarily. also seven people and coming to contact with vincent have voluntarily quarantined themselves. dan henninger is here.
12:02 pm
this is a crisis of confidence in the government's ability to act but we need government, the president can't take care of the ebola crisis. we need competent government and i don't think we got it. >> you don't end it is a little like the sad story of hump the dump the fell off the wall late you can't put hump the dump the back together again. the idea government is suddenly going to become hypercompetent when it has been this incompetent for so long is the pipe dream. i would not necessarily -- the idea of a travel ban. why do these members of congress think the is going to succeed? just because people fly from countries and go to three four places to get there the idea that you will stop, seal the united states, i think it's hopeless. stuart: but it would cut down the number of cases coming in to the united states and each new case is extremely expensive if you want to pick on the cost
12:03 pm
angle. the travel ban would work to some degree. no one is saying you would iraqi people coming here with ebola but it would cut down the cases. >> it might but ebola is already here. seven people voluntarily quarantining themselves with the store in which one of these individuals, closing itself. is this process going to exponentially grow all over the united states? are we saying every hospital worker like that dallas hospital will not be allowed to travel on a commercial flight? does it mean the hospital workers at emory university where they are trained to do this can along fly on commercial flights? it gets worse and worse until the cdc sets up a coherent set of protocols and tells us what we can do and what we cannot do and why we should not be able to do it. stuart: talking about the paralysis of the nation which appears to be increasing. there is some degree of paralysis in terms of travel and public meeting. that is what the market is
12:04 pm
worried about and what the dow is down. ebola has triggered the fear of a paralysis of movement which brings the economy down. >> a great deal of it is fed by what we are talking about here. the belief that the government is not competent to handle these things. the obama administration specializes in happy talk. they constantly say we have got it under control and that manifestly they are proven not to have it under control so they are always leading from behind, always reacting after the crisis has begun. stuart: what you are looking at on the screen, opening statements have begun. when they have gotten through opening statements we will go to a q&a session where members of the panel will be asking questions, quite sharp edged questions to those two doctors. when the q&a session begins we will take you there live and you will see what is happening.
12:05 pm
one more question. president obama is all government all the time. is a vehicle to change america is the government. now we see the government is looking basically incompetent. this has got to reflect badly on president obama. >> it does reflect badly on president obama. cheese does not deliver the goods and promise that government would protect us. this should become a political issue in the campaign right now. both republicans and democrats in congress have always been responsible for making the government bigger. people sort of felt that there was no alternative to that but now we are discovering institutions like the cdc, like the veterans affairs agency, like the secret service are not only in capable of functioning competently ut they are endangering us and that is the real issue that they have become a clear and present danger to the health of the american people. stuart: if you were talking mostly about politics i read your column every thursday it is usually politics but you know a lot about the fed.
12:06 pm
what do you make of the statement from fed governor bullard who appears to be writing to the rescue of the stock market making dovish noises about when we are going to end very low interest rates when we might print some more money. >> it doesn't fall into the category of happy talk but the idea that the federal reserve, the central bank will save the stock market or rescue the american economy, this is overshooting by public bureaucrats. the economy doesn't react to what the federal reserve is doing. last weekend the international monetary fund had its annual meeting in washington and they made it clear publicly that the central banks of the world have run out of schools to raise growth in the global economy so it is feckless for someone from the federal reserve to say they are going to step in and make all better. they might get a bump in the stock market but that won't restore the long term growth you need in the american economy.
12:07 pm
stuart: wasn't much of a bomb. we did double little bit in positive territory after mr. bullard made those statements. we are down 64 points. that level of anxiety is in the market. charles payne, are we still susceptible to another ebola had line to take the market down and/or a federal reserve had line to take up or sideways? charles: i disagree the fed did not come to the rescue. i want to make a few things street. bullard does not even have a vote. cannot even vote. stuart: howdy in the janet yellen didn't? >> she told bloomberg she thought the economy was strong. if she changes the years right now couple weeks after saying these things she has very little credibility to begin with. the meeting is october 20th. how dumb is it to say we sold off on the 28 but we will raise rates in the first quarter of next year, that is a five month window.
12:08 pm
give me a break. so we are talking $15 billion in one month that the fed is buying not stocks, bonds. apple today will trade $5.5 billion worth of stocks. the new york stock exchange will trade $49 billion worth of stocks. tell us $15 billion over 30 days going to manipulate a market that hundreds of billions of dollars a month? i think this is outrageous and by the way, the country is not paralyzed by ebola. i spoke to people in dallas, no one in dallas is paralyzed. we are being a big disservice as usual to the investing public, somebody 40 years old alike money for retirement and they are afraid today and 20 years from now it is up for imprisoned. stuart: i am not doing a disservice. charles: in general right away the cdc is scaring the hell out of people and it is a damm shame. you want to know why we open down 2 and the points every morning?
12:09 pm
they scare the hell out of people. ebola is coming to get you, every morning. they are killing investors'. stuart: hold on a second. we are down 50 points on the dow waiting for more ebola headlines. s&p 500, that thing is down not very much. the dow is down 0.3%, where is the s&p? i will give you that in a second. how about netflix? down 0.3%, the same as the dow. netflix is down $97, upstream million new subscribers, should have been a lot better than that ended direct screaming competitor, hbo go starts next year, $97 down from netflix. apple debuts the new i.t. at an hour from now, down $1.96. back to ebola and the airline stocks, mixed picture today, not that much movement after huge swings recently. oil did break below $80 a barrel
12:10 pm
earlier, now is at $81.44. the price of gas continues to fall. the national average for regular is $3.16. where the very cheapest gas station in the nation, the exxon station in texas. you got to pay cash, $2.47. charles: attempted to drive their. if you of those red curtains. stuart: you see that on the screen? 214 is the yield on the ten year treasury, at one point yesterday it was 185. charles: looking for a place to turn around. this is kind of nuts. stuart: the dow is up 16,087. it is down 54 points. is charles payne telling his people get out and buy? charles: 20% cash. i am saying initial jobless claims came in at a 14 year low. job openings are at a 13 year high, industrial production at
12:11 pm
the best level since november of 2012. capacity utilization at the best number in six years. i am saying don't let the craziness cloud what is going on. markets can be emotional. stuart: when you think he will bounce back? charles: absolutely, big-time. at some point. stuart: manage money, this is a buying opportunity, what say you? >> selectively yes. yesterday we saw some seller exhaustion. the market has come down a lot, things have not gotten that bad and in certain sectors like energy, small caps and consumer goods there are selective bys. stuart: selective buying but you wouldn't jump in with both feet and go gung-ho because he thinks stocks are cheap? >> not in a total sense. there's a lot of uncertainty out there particularly in europe. i agree with what charles said
12:12 pm
but europe remains a problem mostly because of their dysfunctional politics. that could bring us of a little bit lower but the majority of heavy selling at least for now is done and we can build a base in this market. i would not be surprised to see us trade up a little higher over the next few days. stuart: charles payne and i disagree about the influence of ebola. charles: last week when mario draghi made a comment, this would not get the media coverage, mario draghi said reform has to come before recovery. that is against the european way. they want it right checks, he says we can't do it anymore. oñxe'ss.t to get to will
12:14 pm
we are back above. that is a trade for five or six years as the fed comes in and people start buying again. ebola will slowdown but don't think it can stop it. stuart: when you covered a lot of turf in two minutes and we appreciate that. see you again soon the jim king statement under way on the hill. tom friedman expected to face tough questions. we will take you there when that happens. go to break.
12:17 pm
stuart: we were down following yesterday's drop and now we are down 50. goldman sachs raises the dividend but analysts are not satisfied. they don't like the expenses selig goes down 1%. united held strong profits raise the outlook, 4%, nice move but netflix way down. nicole: what happened to netflix? such a darling of wall street and looked down 22%, erasing $7 billion in market value of the company. weaker it's than expected, the forecast is weaker is an
12:18 pm
expected. they recently raised their rates in may, the subscription fee went up and be ammo capital is looking at the number saying alas quarter it was sort of masked but they were not really getting the momentum that they needed because everyone was so into orange is the new black and reception of season ii but the high for the new subscribers affecting the numbers everybody sees it, stock is plummeting and 19 brokers and it could be more have cut their price target on what used to be a darling and i am wondering whether or not -- did you get this from the end? do you get -- are you netflix? charles: stuart: i just started. >> my family is on it. i don't use it but it certainly doesn't have to subscribe -- stuart: the family is happy i have come to the 21st century. if you get another ebola
12:19 pm
headline, another person infected inside the united states of america, if you got that, if you did, does the stock market come down again? charles: it depends on who is. two health care workers contract the virus so far. i have read up to 300 people in africa who died our health care people. we go to next friday, 48 people in direct contact with thomas eric duncan is so far it is two weeks and looks pretty good. if it were to start to spread and people cannot connect the dots, when you coming and movie receipts at down inexplicably by 50% and the malls were empty inexplicably, obviously people are afraid but if we go to jfk every plane would be booked. my son went to the dominican republic and came back and the flight was booked. stuart: thank you. do you think the public anxiety -- i won't say panic, public anxieties over done? >> i think this is just the
12:20 pm
beginning. i hate to be the bearer of bad news. part of it is -- stuart: hold on. this is just the beginning. you are forecasting more cases, contract in the united states? >> i hope i am wrong but i would not be surprised if by next week there is another health-care worker, a doctor or another nurse that will be diagnosed with ebola and every epidemic starts with one case and this is what happened. we have mr. duncan, tween is to nuuses, 48 people that were contaminated. one nurse was in the plane so now you have 132 from the second one and this has the pyramid of fact that can grow to become a real epidemic and the reason there is this anxiety, panic, whatever you call it is because the cdc is not communicating or saying too many things and
12:21 pm
there's a contradiction. 1015 is low fever but this nurse had 99.5 and have a safe trip and people are starting to realize there's no direct line of communication, no confidence. stuart: hold on. on-screen we have the stock price, they are planning to conduct clinical trial of an experimental anti-viral in patients with the ebola virus. it received authorization from the fda to begin trial immediately to test tte drug on infected patients and the stock is up 8%. >> that is what we should have done six months ago. we are catching up to do the israeli companies investing a lot of time and effort. this is america. we have the best scientists in the world that took care of hiv. if i was the director of the cdc i would bring in all these researchers and right now speed is important because we neglected -- we should have done this in april or may and is already here and we are trying to catch up. bring in those researchers, you
12:22 pm
know why this is important? part of the reason the first doctor was able to survive is because he got the passive immunity, we gave him the antibodies. charles: they were working a lot of other drugs and it got pulled into this ebola crazy. you have a timeline. how long do you think it would take for any of these companies? >> in a good day if you have something in three months that would be a miracle and that is part of the reason why the ban on the flight is going to happen. there is no choice. just a matter of time until the government -- i guarantee they will stop flights in the near future so we need time for these medications to come in the pipeline. stuart: a lot more for you coming up. they are still making opening statements on capitol hill. ebola hearing is underway. we are waiting for the q and a portion. that is where the drama may be. michael brown is the former fema director who came under fire for his handling of katrina.
12:23 pm
he isn't getting enough criticism. so ally ba really has no hidden fees on savgs accounts? th's right. it's justhat i'm worried about you knowok, y's that?gs..." ghave a nice flight!r bag right here. from the bk where nobranches . no hidden fees, traveling can el like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time hts are nothing if we can't get your things tre too. it no wonder mo people choose delta than any other airli.
12:25 pm
[ male annouer ] the wish we wish above all...is health. so we quit selling cigarettes in o cvs prmacies. expanded minuteclinic, for lk-in medical care. and created programs that encourage people te their meditions gularly. introducing cvs heah. a new purpose. a new promise... to help all those wishes come true. cvs health. because hlth is everything. cvs health. so i can reach ally bank 24/7, but there are no brancs? 24/7 it's just i'm a little luctant to try new things. what's wrong wi tryi new things? feel that in your muscles? yeah... i do... try a neway bank, where no branchesquals great rates.
12:26 pm
12:27 pm
moments ago there was a classic shot of a gentleman standing up, raising their hand aad swearing an oath to be telling the truth. now we have opening statements from dr. friedman, we are going to get an opening statement -- when we get through this the q&a session will begin. there could be some fireworks because these two gentlemen are the point people for ebola and how to contain it in the united states. they are coming under a great deal of criticism. as these hearings begin. as the q&a is about to begin i cheri the dow industrials are down 34. i am showing you that because if you get a headline coming out of these hearings that headline on ebola could move the market. we are down 36. look aa the airline's. a too could move with any ebola headline. delta's chief, they see no
12:28 pm
changes in bookings, they are on top of it. i want to show you they are planning clinical trials as an experiment for antiviral drug in patients with ebola, it received fda approval. they begin a trial immediately and they will test it on drugs, on infected patients. any headline from the hearings could alter that stock price. no impact on the price of oil from the ebola hearings, $81.85 and probably no impact on interest rates from the ebola hearings. the yield of the ten year treasury is 2.14. it has gone up. the yield is up meaning the price is down 2.16%. come on in former fema director mike brown. we promote you earlier and said you have a lot of criticism, dr. tom friedman should be heavily criticized more than he has been already. you know about criticism. you were criticized for your handling of katrina, but you were. why do you think tom friedman deserves more criticism?
12:29 pm
>> in this case there has been a complete failure to communicate the truth, the half truths and explaining to the public as he should be able to do as director of the cdc's the truth about ebola. i talked to a toxicologist, doctors, the science is all over the place in terms of how it is spread or not read and everything else. the doctor needs to be very forthcoming about that. only get it from a patient who has ebola symptoms and you have got to have bodily fluid get into you. he was emphatic about it. >> we are getting two conflicting directions about the information. you can't get it on a bus. don't get on a bus. we are told for example -- thing in these terms. but for one individual, mr. duncan who is now deceased, for one individual who live on of
12:30 pm
these applications came to this country with the approval of the state department. we spent half a million dollars treating this man before he died. now we have 76 other people exposed. as the doctor says earlier in epidemic starts with just one individual. why can't we get the truth let's stop visas from those five west african countries. 100 these applications. stuart: i will ask the same question here, if dr. friedman had come right out and said there is a danger if you get within three feet of an ebola patient with the symptoms, there's a danger that you can get it, don't you think that might have create a great deal more panic than the softer approach which dr. friedman came up with. >> i don't think so becaase the american people are so flooded with information to date is like drinking out of a fire hydrant.
12:31 pm
everyone needs to tell the stark truth. the way you frame it, maybe wouldn't be exactly correct but he should say you can contract this if x why is the hand tell us the truth about what that is so people can make their own assumptions and make their own determinations about weatherization be panicked or not panicked. i don't think we should be panicked but we should be concerned. >> i don't thing he is lying about this. i think he is reacting to what is coming. the situation is fluid and that is what infectious disease is all about. the ebola they knew for two decades or so is not behaving like this. this is possibly a new kind of ebola not the same as what we knew or some sort of mutation. they got caught off guard and it is kind of a little too late. he should have had this discussion about the possible airborne -- i really don't think it is airborne at this point so
12:32 pm
the public needs to relax. stuart: when you say airborne, that is a medical term but it is airborne if some guy sneezes on me and i have an open cut and i get ebola. to me that is dearborn. >> you are wrong. that is possible droplets, a short distance. airborne is use these over here and it can travel much longer distance like bodily fluids and you would be able to get it through your ears and eyes. it is not that. is it going to change in the future? we don't know but for the time being we don't want people thinking this is airborne and i know some doctors are talking about this but let me explain to you. if you had come and had a discussion with this team, you should have a connell: treatment centers not only in west africa but this is what we need right now. not every hospital in this country is prepared. this is almost having a crime scene where you are sending local security to take care of this. that is not the case. you need a very specialized fbi
12:33 pm
agent to come in and take over the whole place. stuart: the cdc was late to the game. >> exactly right. now we are late and working on antiviral and clinical trial speed ii everything, we need ebola treatment centers all over america to send these patients to those places. not every hospital and the country. stuart: on the left of your screen, that is his opening statement. earlier moments ago there was an opening statement from dr. friedman where he was saying e need to contain this in west africa. that was the main thrust of his statements. there will be q&a frrm the panel and we will take you to. mike braun, come on back in again. gee i think, dr. friedman should be either fired or should he resign? >> probably should resign at this point because the public has lost confidence. back to what the doctor said.
12:34 pm
the way the doctor just described what was taking place is controllinggthe message and that is what he has failed to do. he has been lead from behind in this case and if we had had the doctor on explaining what we just now heard i think the pubbic would have confidence and right now the public has lost confidence and i can tell you as a former political appointee when the public loses confidence the right thing to do is to resign and move on. that is what the doctor should do. stuart: breaking news comes thick and fast with a call for a travel ban from a surprising source. former white house press secretary jay carney suggested the white house put a travel ban in place. he is the former press secretary for president obama. that is what he is saying. that is a surprising source for someone to say we need a travel ban. i will check the big board fast, we are down 60. opening statements began, we were down 36. not much of a significant move
12:35 pm
but we are down 60. moments from now the q&a will begin and when that starts you can see some fireworrs and harsh questioning and we will take you back to see what is going on. i think i interrupted you and i apologize for that. i use saying nurses at this moment do not have adequate protocols in place, adequate training in place to handle any bullish case? >> you are right. that is the case. i think there getting a lot of mixed messages. some hospitals are more prepared. some hospitals are told to wear thhir masks and down and somm message coming down the pipeline to the nurses and they are exposed to all these bodily fluids and i am concerned. we should have an ebola treatment center in every state where the mmnute you have a patient that comes in, they're
12:36 pm
still talking about maybe we will send a team over there. we don't need an ebola team to go where they have the diagnosis. we need to get every one of these patients, send them to that sophisticated center, negative pressure, people that are equipped from top to bottom. that is another thing. on the topic of his resignation or fire him, that should not happen. i know everyone is asking for him to get fired. he should stay. this is the time we need to change the way he is planning things but to put somebody else--it will delay some of this. he is a good doctor who made a lot of wrong decisions. stuart: liz macdonald and tom sullivan are with me now. all-star panel. here we go. i want to relaae this to the stock market if i may. if we get another ebola headline which says somebody else has contracted this illness inside the united states of america. would that take the stock market
12:37 pm
down? liz: if we have a severe outbreak in coastal areas of the united states that wears out economic growth, that means recession fears. stuart: it is paralysis. more cases, more people being contacted with that case, more people in quarantine, fewer people prepared to travel, fewer people in shopping more. that would take the market down. >> the example is the delta as ceo and the earnings call ttlking positively that they haven't seen any trouble with their bookings yet. that was a nicee soothing statement the market liked so the opposite would have the opposite effect obviously. liz: a black swan event would be something bigger but it would turn the market down. -pstuart: when opening statemen began on capitol hill, the dow
12:38 pm
industrials were down 36. now we are down 73. i am not sure there is a direct trading but we are watching very closely, we are a financial program. we want to find out the connection between the statements being made about ebola and the stock market performance. now we are down 83. don't know if there's a direct link at this stage because i have seen nothing from either of them that would move the market but we are down 80 points. back to you, dr.. i want to talk about a treatment for ebola and a vaccination. did you say earlier that a treatment is at least three months away? >> it is in the pipeline and any of these vaccines -- the canadian teams predict by january we should have this but at the same time you have cdc talking about numbers in millions and that is --
12:39 pm
stuart: i'm talking strictly about the united states of ammrica. >> if people go to germany,dy d have a nurse in spain this has a potential global effects and that is part of the reason. >> northwestern professor, he does computer simulations about outbreaks of various diseases like ebola says by the end of this month there -- according to it is calculations, 20 people with ebola in the united states. a mathematical simulation. stuart: does that assume a certain means of contamination? >> i don't know what his model is but he says the u.s. will have 20 by the end -- >> if you have one patienn that could contaminate two or more and you have 130, at this has
12:40 pm
potential, the only way to turn the market around is the person -- this nurse called cdc and set i have been exposed to ebola but i have a fever of 99. can i get into this? if you don't fire the person who said have a safe trip -- stuart: when she was not telling the full truth to the cdc official. she says she was feeling no came. we know that she was not feeling of day. >> this needs to be investigated. . >> a medical professional field if you were an ebola patient that had a fever you would need to call some government agency to find out if you could travel? >> no question personal response ability plays a huge role, but she also -- will depend on the cdc right now. she made the phone call. somebody would have said ebola you exposed to, you have some fever, stay out. they should keep this under quarantine. stuart: liz macdonald is waving a piece of paper. liz: from liberia, liberia publish the supplies it needs
12:41 pm
yesterday. it now needs more than 84,000 body bags and needs more than 79,000 more body bags that has on hand and more chlorine konrad hazmat suit and the gloves. the fact that liberia, we don't know if there overestimating underestimating the number of body bbgs. it is an interesting document that put out this wwssthe country of liberia needs to deal wiih this case. stuart: what we're hearing from the hearings on capitol hill, three speakers so far. all of them have said the best way to contain ebola is to contain it within west africa. >> there are number of committees in the senate and house, nearly half a dozen saying the shares of these committees do a travel ban and -pfull visas from these countri that are affected. stuart: what you are looking at on the left-hand side of the screen is phase 2 of the
12:42 pm
cleaning of amber vincent's apartment. we are looking at cleaning crews. that is ever since in that apartment. the cleaning guys, the crew chief has appeared onnthis program telling us about the cost of all of this, they are in phase 2. not sure what that means that it is the secondary stage of cleaning the apartment of miss vinson. hazmat suit allover. looking at. liz: look to this, 989,000 hazmaa since they are asking for, as they need 1.2 million over the nick six months, just libeeia alone. >> the number you are bringing up is extremely important because we are talking about 10,000 people diagnosed, 5,000 died dead, they are all underestimated. those numbers make a lot of sense and that is for the reason a month ago on this network we asked, ban the flights out of
12:43 pm
there until we get our act correct and have antiviral. all we are asking is three months of time so all our scientists and researchers can catch up and have this so we can control it. stuart: mike brown is still with us. former fema director. the man in charge of the response to katrina. come back in, please. we heard a great deal today about how to contain ebola. how the government should confront ebola now that it is here in america. you know about government resources. do we have the resources? do we have the expertise to do it right here? >> we have the expertise. we don't have the resources. listen to the conversation all of you are having about what the market is doing, talk about the third printing more money,,we do not have the resources. could we come up with the resources of we had to? absolutely. congress always does and will in this case but the fact of the matter is we are talking the
12:44 pm
number of body bags being requested in liberia and western africa, it just says to me that once again there has been a failure of leadership. we have known since august when we had the first doctor come across and mr. duncan come across in october and we are % still sitting here talking about a travel ban a month and half later. stuart: listen to this, brraking news. thick and fast today. acrons city schools in summit county, ohio announced it is closing one of its schools, closing immediately through tomorrow. after learning that a parent of one of its students visited with amber vincent over the weekend. here are some notes from that short press conference. the parent is one of seven individuals underworked quarantine. the student did not have contact with vincent but as a precaution the child is staying in isolationn that is a degree of anxiety. that is justified on medical
12:45 pm
>> will be a lot more difficult to contain this and you are stuart: they are trying to contain it. they close a school. >> the bird is outsidd the cage. when r. duncan went to belgium, let's say he had dinner with somebody else, a social event going on. those people are all over the world. adam: when you can't get ebola i am told by the cdc, you can't get ebola unless the other person has the symptoms and somehow or other gets about we flew in to you? a dinner party won't do it. >> all i am saying is -- liz: you could take a tylenol and lower your fever. wwat i don't get is how to be switched in sentiment. who shutdown flights into toronto when there was a s.a.r.s. outbreakkinto canada.
12:46 pm
why are we not fooling the subs? >> you are right. the principal, every infectious disease is to control it where it is. even in our body. if you have an infection in the liver you won't let it spread out and not treat it systemically. you want to make suue you cut it out or drain it and hit it and keep it right in the liver. this is what is going on. we can keep saying over here than in america we want to ban flights. if european couns are not going to follow and join us, we should be the first ones that would react -- not a last ones. this is jeopardize in doctors and nurses and we already have plenty -- we are having a difficult time taking care of merce in our hospitals to add more to this. stuart: back to the school closing in akron. one of the students' parents was in contact with the nurse,
12:47 pm
vincent. one of the students who has ebola. isn't is precisely what we have been talking about, the paralysis, start closing stuffed down. you start quarantining large groups of people, cut down on economic activity. that is why ebola is of financial story. >> no question. listening to you talk about this breaking news and thinking i am fine with that. of 5 is the parent of a child who wenn to the school where there is a child who had a parent that visited an ebola patient. why not be aggressive about this and say, this whole thing first of all, i don't think we really know how it is transmitted only because of the fact that thee family of thomas duncan who was around him who was wildly contagious came up with nothing even though they were dealing with sheets and blood and everything else, they came up with nothing but we have nurses that have some protective gear
12:48 pm
that came around with ebola. >> the issue with this and i said before on sunday this weekend, this has potential to be much worse than hiv because with hiv you are dealing with -- stuart: don't go off on a tangent. you heard from say you have family members of mr. duncan, in close contact with the man while he had over obvious symptoms, clean as a whistle. they didn't get it is easily. >> that is why we are saying it is hard to get it. it is not a very easy virus to get. but once you get it, it can borrow quite rapid and doesn't give you a second chance. it takes your immune system and has 70 -- stuart: e are talking communication of the disease, it is not easy to get it. >> that is true. if somebody had to drop what, i% you have no abrasions and no cut and is not exposed your blooo
12:49 pm
won't get it. that is why we don't want people to panic. with kind of got to be doing? >> the fatality rate is terrifyingly >> and we have no treatment for. is one thing with hiv or other viruses, people talk malaria or other things we have treatments -pfor them. for this we have no treatment. >> what happened to zmapp? >> that would work because it has three antibodies in it and that with passive immunity can work and that is what we did for the first doctor out of liberia. we need to pump up those medications and the fact the we ran out of them in two days is no excuse. they should have predicted this maturity a. stuart: even on days like this we have to pay our bills so we have to take commercial breaks -pto sell things but i am goingo wrap up everything before we gg to that break. akron, ohio closing one of its schools immediately following through tomorrow after learning a parent of one of its students
12:50 pm
visited with amber vincent over the weekend. the parent is one of seven individuals under a voluntary quarantine. the student did not have contact with vincent but as a precaution the child is also in isolation. the cleaning guy, tte company came on oor program twice, now at amber vincent's apartment in dallas. this is phase ii of the contamination as it is called. the decontamination, the cleaning of mr. duncan's apartment cost $130,000. talk about costs. we also had jay carney, former white house press secretary calling for a travel ban. we were not expecting a travel ban call to come from jay arney but it did. and planning to conduct clinical trials of the experimental antiviral drug in patients with ebola. it has received authorization from the fda to begin a trial immediately to test on infected patients. look at the big board.
12:51 pm
down 32, exactly where it was before the q&a and hearings began on capitol hill. back after this. nche 24/7 it's just i'm a little reluctant to try new things. at's wrg with tryingew things? el that yr muscles? yeah. ... try a new way bank, whereobran. ghave a nice flight!r bag right here. yeah. ... traveling can feel like one big stery. you're never quite sure what is comingour way. t whenoue goan entire company who ows that the most onime flights are nothin we can'get your things there too. 's no wonder moreeoplchoose delta than any other airne.
12:54 pm
12:55 pm
have dr. friedman answering questions from the panel. this is the scene outside amber vincent's apartment bringing us to the cost of cleanup because that is what they are doing now. the cost of cleaning up mr. duncan's apartment was $130,000. i want to know how much it costs to treat mr. duncan in the hospital. >> we are looking somewhere between 5 and did thousand dollars to $1 million, that is one patient, one hospital, up to $1 million. how about the cost of disruption and this creeping paralysis we have got? we have the school closed in akron, ohio, a store closed in cleveland. >> if they want to get aggressive they will follow amber vincent about where did she go at the airport, did she stop at the coffee shop, did she use the restroom and they're going to have to say to those people we are going to shut you
12:56 pm
down. that flies in the face of everything about government being able to come in and say you have to close your store, you have to close your business but in the matter of public health, the constitution gets set aside. of the one interesting question. where is judge andrew napolitano? you want a bizarre? liz: the ebola czar does exist or her name is nicole laurie. she is the assistant secretary for preparedness. stuart: when she doesn't have the power -- liz: she has the power to make policy. that is her job. stuart: the cdc -- liz: that is within her job. i read what her title means and i cover the anthrax response. the government is saying the answer to this is throwing more money at it. the government has been getting billions of dollars throwing money at biological problems like ebola or anthrax.
12:57 pm
the money is there and nickel lurie is there. stuart: wait a second. we got nicole laurie, you want a czar. we got one. >> i don't think -- i know you made a lot of mistakes but if we fired him right now it will make the whole situation lot worse. you got to give the guy one more chance to bring it together. if he starts by acting quickly -- stuart: got to go. i have two more schools closed in ohio. some connection with miss vinson. two schools closed. the dow industrials are down only one point. could turn positive, no ebola heedlines from the hearings yet. back in a moment. partnership. banking. loyalty. analytics. hrony financia enga with us.
12:58 pm
when folks thi about wthey think smon and energy but ththe energy b oduces up here createsomethin else as we: jobs all or america. engineering and innovation jobs. adncedafetysystems & te. shipping and manufacturing. acss the uted ates bpupports mn when we t up operation in one part ofhe country, people in otherparts go to . that's not a coincidence. it's one mo part of our commnt to america. suddenly yore mouthbreather. well, puon a breathe ristrip and instantly open your nose up to 38% more an cold medicines alone. so you can b breathe and sle. yr mout and sleeright. breathe right
1:00 pm
the q and a is going to get started shortly. it has not quite started yet. deirdre: thank you very much. the dow has had a 220-point range in just two days session alone. nicole petallides at the new york stock exchange at the level you need to know. jo ling kent is at the nasdaq. we bring and jim. we want to spotlight this stock. five we and to the
117 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=2144835406)