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tv   Varney Company  FOX Business  October 20, 2014 11:00am-1:01pm EDT

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maria: markets lower today, but off the lows. time for stuart and "varney & company." stuart: no new ebola cases. good morning, everyone. this is what everyone is talking about. ebola anxiety. it is flu season. what happens at hospitals when someone walks into a hospital with a fever and says they have been in africa. she has not been to africa. she does not have ebola. it is a new week, but it is the same issue.
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cass and point, last week and ebola czar has been elected. no new cases over the weekend. ebola anxiety is still here. "varney & company" is about to begin. ♪ stuart: we started out this morning in the red. we have come back just a little bit. 163 is where we are. ibm. not making the kind of money it was supposed to make. look at this. we are down 6% there. look at apple. apple pay.
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it goes live today. we have a lot more on apple pay in just a moment. watch out for oil. we approached $79 a barrel last weekk here is the good news. national average for a gallon of regular is $2.10. check out the 10 year treasury yield. goldman sachs says at the end of the year it will forecast a yield of 2.5% on the 10 year treasury. let's get to your ebola headlines this morning. nina expected to be in fine condition. her dog is quarantined.
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vincent, the way she has been portrayed in the media is unfair. both of them infected by thomas duncan. the three-week quarantine, that is now ovee. doctor marc siegel is with us. >> i want to talk to you about ebola here. somebody walks in. i've got a fever. they may just happen to mention africa. >> it also causes ebola fears. >> the biggest fear is that our leaders have not done a good job. the hazmat suits should not come
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out just because someone mentions west africa. stuart: somebody has a fever. they walked into the emergency room. >> take a history. most of the time, it will be malaria. all of them have been malaria. you have to make a clinical judgment. >> somebody puts on a hazmat suit. they have to. how on earth can you treat anybody with this full body suit? can you function as a medical
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professional and a hazmat suit? >> it is very, very difficult. people do not know how to use these things. there was no way i could get it off without getting spray paint on myself which was to represent ebola. stuart: we do not have enough people that are properly trained and equipped at this point. >> that is why we are in such terrible shape. >> the credibility of government and the feeling that they are competent. what do you make?
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the man is not on the job yet. >> fear guides. we are doing careful contact. did you see two nurses coming down with it. that is a possibility. it makes people feel really, really uneasy. if we cannot feel comfortable in our own system and our own hospitals consistency, you cannot pour more people into it. i think we need it to come public fears right now.
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>> ebola is very difficult to get. we think it is easier. they are hiding something. stuart: do you think that the level of anxiety is beginning to recede a littlee >> no. today there is no ebola cases. unfortunately, every time we see a single case, the person thinks that could be me. that is how we watch tv. the anxiety is still there. stuart: thank you very much. check the share price of apple,
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please. right now, apple pay has launched. it lets you tap your phone to pay for just about anything. curtis vincent is here. for the benefit of myself and all of our viewers, you have to tell me how apple pay works. this is a game changer. apple pay launches today. you need two things. an iphone six or an iphone six plus. the second thing you need today is the download that will be coming. as soon as it downloads, apple pay will be back if.
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go straight to a walgreens, a starbucks. you simply put your phone up where you would otherwise put your credit card through. >> we would scan it into the phone. i would take a picture of your card. the phone would not score your card. you would say your card comes from ex- bank. here are the numbers. we will communicate with your bank right now. now your card is no longer needed to be stored. the next time you go to purchase something, they never see your credit card number. instead, a token.
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it is completely safe. >> i do not need this anymore. walmart -- stuart: i do not need a physical caught any longer. it is all in there. >> you are offenses caving it with your thumb. it of your account right now. >> i will tell you something. google wallet has been trying this for several times.
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it is about to happen in a finance world. >> will apple get a piece of every transaction? >> i do not know that answer. i talked with a guy from panera bread. if we are selling panera bread stuff, does it make sense to add this? >> consumers do not know yet. i watch you go through. in three seconds, you are out the door. no worry about with eight your credit card will be used by that experience. credit card factor alone, i want that. >> i understand how the consumer would want that.
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>> they have to. stuart: you have to tell me. why are they doing it? >> right now, if you look at a business model, do they look at the music or tv show? you better believe it. is it unlikely they would stay away from that part? >> i think the numbers will come out at some point. >> i've got my apple phone. suddenly, the phone gets messed up. i cannot go out and spend any money. then what happens? >> good question. the old-fashioned card may come into play at that point.
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i really do think it is a game changer for apple. i do not think that the recent iphone six and six plus -- this has been the strongest launch of any iphone to date. we are not really going to see the numbers from that. we will in the next quarter. i suspect they will do just fine. >> it will definitely add up to something. check the price of oil, please. it continues to fall. leverage over our rivals and energy. it may default because of oil prices. k.t. mcfarland is coming up
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stuart: nine a bad way to start out the week. you've got a small drop for the dell. the stock is down $12. we have mortgage lenders. loosening up their standards.
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nicole, the news please. nicole: absolutely. a day that is pretty much flat. look at the homebuilders. of 4%. two and a half-3%. you see big moves here. we are not really commenting on this overall. the homebuilder stock is really reflecting this. it is a great move. stuart: thank you very much, indeed. i was a bit late to pick up. the national average price for gasoline. where is the price of oil?
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falling oil prices in america. it means real pressure. fox news national security analyst k.t. mcfarland joins us now. i want to go through these one at a time. >> the russian budget is assumed to have oil being at $100 a barrel. they have had a windfall of high oil prices profits. they have not used that to reinvest in infrastructure. the only thing they do is sell oil. who buys a russian computer? oil goes below 100. russia has to dip into its rainy day fund. close to $1 trillion of rainy day funds. a lot of money.
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it will not last forever. they will not be able to build up the military budget which putin has promised them. stuart: is venezuela default? >> they are broke. for the same reason. they were expecting oil to be high forever. it will not be. >> iran. how do they stand? >> the other thing, it is predicated on the fact that we will lift those sanctions. iran never needed that deal. all they needed was that initial deal. they assumed that the market would take care of the rest. particularly, automobile companies, have gone to iran.
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we are ready to do business. i think there would be so much economic pressure to do business with iran. >> we have leverage on russia. leverage on venezuela. we are not using that leverage. i have to ask you about ebola. the troops being sent to west africa, four hours of training to deal with ebola. you know the inside of the pentagon very well. >> i went about two weeks ago. what they have all said is we are happy to go to war zones. we do not know about this. what we are sending them to do is be construction workers. they do not have the adequate training. >> at the moment, there are
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about 300, 400 of them. >> and then we will send an additional round of forces there. supposedly, they will not have contact with ebola people. i am very concerned with our military. the problem is, the president can send them wherever to do whatever at least for a while. stuart: thank you very much, indeed, as always. poised to take control of the senate. charlie gasparino coming up. if the republicans win, will the stock market rally? tell the local it's monday.
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>> look at amazon barely above 300. blast in the company saying they are abusing their power and hurting america by putting the squeeze on publishers get calling amazon a meal monopoly.
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facebook says it would not let the drug enforcement agency make fake profiles print trapped suspected criminals. facebook stop up $0.30. look at the big board down a lot last week, down today a little because of ibm. we are just two weeks from the midterm elections, charlie gasparino is here. if g.o.p. takes control, do we see a stock market rally? >> yes, we do. we see a short-term blip in the market. i think the stock market is smart enough to digest what it means. the president committed to his agenda. a little less gridlock then you had before. probably not enough of a majority to pass the vetoes, so that will all be digested and a positive bounds which means many of the worst things of
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president obama will be thwarted by the new congress, but let's face it, this is not having three branches of government, the three that matter. stuart: let's speculate. supposing we've got some movement on our ability to drill for more oil and gas on federal lands and offshore. the post gives away a little on that, and suppose he gives a little on corporate tax reform, some of the money overseas comes back here. >> common sense would dictate he would do with bill clinton would do, moving demonstrably to the center taking it back, but it is hard to bet on president obama on this. he is a much more committed leftist then bill clinton was. i don't think he had an
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ideology. he would do whatever it takes, believed in the notion of triangulation. this president for better or worse is much more of an ideologue. he will look to fight the g.o.p. and this agenda because he is seeing everything up. how does he get the democrats to be in the white house? stuart: you and i have the ebola coverage, you have suggested it is a factor in this stock market. is it still? you walk into a hospital with a fever and outcome the hazmat suits. >> i know people who are critical care physicians on the frontline of dealing with ebola patients. it was in the response 15 different ways contradicting itself completely.
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contradicting on how to get it. basically offering these platitudes on how to prevent it. we look at the market trading off on that in a big way. it looks like finally think the good lord they are getting their act together now. the market will be less keyed in going forward. if they look like they don't know what they are doing, it sounds like they are getting their act together. this is one helluva thing to contain if it does get here. the u.s. medical system, we will find a vaccine or preventative medicine, we will come up with the right protocols. this is the one place that will figure it out. stuart: thank you very much. the second nurse tested positive for ebola, flew on a commercial airliner after being told to avoid public transportation has hired a lawyer. the judge on that next.
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stuart: breaking news. the presidency ebola czar has been invited to testify on friday. no word on whether or not he will appear be at we should
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point out he hasn't even started work yet. he missed two high-level meetings over the weekend. check the big board, this is a market-based program and we will tell you what is happening on the market. the dow being dragged down by ibm. not making the kind of many expected to make last quarter, that hurt the dow industrials. price of oil around $82 per barrel, just about 82. the family of the second nurse diagnosed with ebola hiring a lawyer they say claims acted recklessly are not true following cdc guidelines. all rise, judge andrew napolitano are here. if they can to be sued by various entities. speaker that is a reasonable expectation. i don't think she expects to sue
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anyone, she recently anticipate the people with whom she came in contact who lost 21 days of their lives, locked up in their homes for 21 days are going to sue her for the fair market value of that economic loss. if they do sue her, who will bear the financial responsibility for defending her, paying a settlement if there is any, paying a judgment if there is any, the homeowners insurance company. if she rents and has rental insurance, has homeowners insurance, almost all of them have a clause four out of the home behavior of this nature. it shifts financial responsibility from the person who may have caused the harm, this nurse, to the insurance carrier for her home. probably not even contemplated at the time the policy was attained. stuart: this is covered under homeowners insurance? >> i'm going to guess if you check your homeowners insurance.
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for you it will take your month because you have so many homes and so many policies, but if you check your policies, i assure you you are covered for things like libel, slander, assault and battery, if you get in fight at a bar, things that had nothing to do with your home. because the states in which these policies are written require this broad-based defense. stuart: take the bridal store in cleveland which she visited and was subsequently closed for one day. they could sue her for loss of business because of her behavior. but they would know the homeowners insurance policy covers her. those lawyers for the bridal shop would know she has a pot of gold that can be gone after. >> yes, they probably would. that would be a classic case of a lawsuit. you came into my shop, knowing
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you were ill, and as a result of what you did, we lost business. got us the money we lost from some other source or we will sue you. she is wise to obtain legal counsel, but if it will be her homeowners insurance policy taking of the defense, they and not she will choose the lawyers. stuart: because they become the defenders of their client. >> they want a law firm for which they are familiar. they are using law firms at work in house for the insurance companies. stuart: how about being able to testify friday before congress. >you could go after them. >> he is probably going to say look i ran their offices, i know how to get things done.
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that is probably the best argument for him. stuart: he is a political fixer. >> you know what would fix this better? the free market. let the free market get the fda out of this, the tsa out, let the airlines decide who is going to fly on their planes, let people take whatever drugs they want, let the big pharma sell drugs without 10 years of testing and billions of dollars wasted, that would settle it. stuart: who would handle protocols for the treatment of patients walk into an emergency room for example? or people having contact with ebola patients. >> we are not permitted to give you standard drugs, but if you want to take a chance, we have reason to believe this drug works if you sign a waiver we will give it to you. you don't even have that today. you don't have the option to take the chance if you are sick and dying. under our laws you don't have
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that. stuart: because of you lawyers. >> that is big government lawyers. stuart: you cannot sign away your right to sue, can you? >> yes, you can. even without the signing away. why shouldn't a sick person be able to take the choice of taking an experimental drug rather than allowing the virus to ravage their body? stuart: because government has to protect us from snake oil salesman. >> government has to protect us from our own free choices? it could be a desperate choice. one i would prefer to make rather than have the government make for me. stuart: is a desperate choice a rational choice? >> if it is the only choice you can make out rather make it then have the government say no, they did not complete their round of
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testing, it may work 85% of the time but they are not ready for you, go ahead and die. stuart: thank you, judge. the obama administration delaying a decision on the keystone pipeline. the midterm election two weeks away. if republicans take the senate, will we move ahead and exploit our own energy here at home?
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nicole: i am nicole petallides with your fox business brief. we are up off the lows of the day. dow jones the throw average down 40 points. you can blame ibm because that is weighing heavily on the dow while the s&p 500 and the nasdaq are posting gains. of a half of 1%. ibm is negative shaving 80 negative points off the dow jones industrial average. caterpillar, cisco, verizon. reporting what is interesting after the bell will be listening, walgreens beginning to accept apple pay in its stores. and we will watch for that. apploffice depot adding apple p. more "varney & company" coming up.
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cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. stuart: look at apple, a nice gain, nearly $2 higher. apple pay, the mobile payment system, launches today. cap your phone and go. no need to carry credit cards along with you anymore. on the show earlier, he calls this a game-changer. >> it is going to be what apple did to the music industry and itunes is about to happen in the finance world when it comes to mobile transactions and payments.
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stuart: a long list of retailers include in starbucks, walgreens, pear bread, chevron, whole foods, all plan to accept apple pay. one big one that doesn't, walmart. at least they are not signed up yet. oil prices top and 79 last week, 81, 82 right now still down compared to where we were a month ago. chris is on an oil rig about 70 miles from big spring texas and joins us now. you may not be able to answer this, if the g.o.p. sweeps the senate, are we going to get another energy boom? what do you think? >> it will force president obama to pull out his pen, signed the approval for the keystone or veto, at least make the decision he has been able to stall this thing out for six and a half years.
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really remarkable this energy boom taking place, in the wolf camp, 75 billion barrels of oil, perth royal 2 miles down out of the camp. the boom is happening. that is a question i ask every day. stuart: i owned shares in the permian basin trust. back in the day a huge pool of oil. i think you guys have tapped even more into that huge pool of oil by using new technology. is that what is going on right behind you? >> that is exactly what is happening behind me. your checks may have gotten smaller, pretty much in heavy decline. this has been a huge producer for almost 100 years, we have
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now turned it up on his ear, we have found billions and billions of oil because of the ability to drill sideways and simulation. that is what is happening all over our country making america now the biggest oil producer behind saudi arabia next year, that is my prediction. if they don't try to cause harm and keep the price of oil down, they will keep number one position but coming up on their heels pretty rapidly. stuart: what is going on behind you? that is not fracking, is it? speaker this is produced oil. this is now the pump jack ringing the oil to the surface about 2 miles beneath the ground and to my right a bit what you can't see are the oil tanks, and the trucks pull up, we drill more wealth like this one.
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stuart: 75 billion? >> that is right. 75 billion with the technology we have today. when we are talking again, the number can be twice because newt elegy coming down the pipe. 10 years ago 750 yen might have been a zero because the technology was not there to unlock that particular formation. we are doing more with the technology we have creating this boom. stuart: until a couple of years ago we were told it would reach peak oil, the amount of oil in the world was finite, we discovered it all, supplies supy starting to go down. along, you guys, and on the show last week. just pulling more and more oil out.
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finally getting something out of the basin. thank you very much, indeed. charles payne not afraid of the market. more in a couple of moments. >> it is a damn shame. you know why we open down 200 points every morning? ebola is coming to get you, coming to get you. every morning they are killing investors. [ 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.
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stuart: there has been a lot of debate on the impact of ebola on the market. charles payne is here. i say the ebola scare israel and has had a material impact on the market, but i think you disagree. >> it is the only reason it has had a material impact on the market is because overreporting from the financial media. i would say financial media has been irresponsible in the way they've covered it. i would say this goes a long way toward financial media being irresponsible to its viewers in the sense every hiccup is a reason to panic. we have people watching or sympathy as people watching bloomberg 30, 40 years old and every time there is a dilemma or
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a potential dilemma sell, sell, sell. why don't you think people will come back to the market? stuart: if you report the facts to the nurses and everybody isolated and all of the cleaning, think it is legitimate to say you are having paralysis, a degree of paralysis. >> did you get paralysis this weekend? stuart: if you get cases. >> if. we could go on air and say tomorrow morning if martians land. the financial media did not treated as more, but if. this is going to happen. i went to a mall this weekend, a football game, packed. i didn't go to dallas, but i spoke to people in dallas every day last week. no change. i took the flu shot.
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nobody complaining about ebola. for the most part people joked about it, but of course we are in new jersey. we are in new york. but i don't see that paralysis in the economy. stuart: what about government competence? i think government competence has been eroded. stuart>> that to me is the real. a chapter i in the giant book of this government incompetence. it is ebola, isis, everything, every scandal, every question we have for them, every mistake they refused to be honest about so it is a gigantic novel. this is chapter 19 in that gigantic novel. that has weighed on american. that is why we are hesitant to buy a house, hesitant to get married, hesitant to start a business. those things have had a material impact on our economy and consequently held back the stock
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market. the only thin reason we have doe well is a framework already in place called capitalism. despite the war from the obama administration. where we are with the recovery, we are where we should be four years ago. stuart: the economy is dying to get out there and grow so badly. you can feel capitalism trying to get to the forefront. might come from the senate in november. all right, thank you a lot. present obama appearing at a campaign rally in maryland. and some people started leaving, walking out during his speech. the second hour is two minutes away. financial bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial.
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engage with us.
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can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. stuart: it is looking good for
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the republicans, "the washington post" says there is a 93% chance they take control the senate. a new poll shows two out of three voters think the administration has lost control of the major challenges taking control of the nation. some of them left early. a bad sign. 15 days to the election, if the president faces a republican congress and the last two years in office, it will be very tough for him to press his tax-and-spend agenda. more likely she will have to retreat on energy and allow us to get the oil and gas under our feet. that gives investors hope. more domestic energy, maybe lower corporate taxes could light a fire under the economy and the stock market. you will be hearing a lot about this next hour and for the next two weeks.
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stuart: here is the ebola news, friday.d before we should point out he hasn't even taken of the job yet and he did indeed miss two top-level meetings over the weekend. and this, the family of amber vincent, the second nurse diagnosed with ebola, they're not happy with how she is being portrayed in the media saying she followed the cdc advice when she got on the flight to cleveland. 43 of the people came in contact with thomas duncan are now out of quarantine. five others remain on watch for another few days. here's what dr. marc siegel said, he reversed his position on a travel ban. >> if we cannot feel comfortable in our own system and consistency, people knowing how to use these suits, it can't
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pour more people into it. i am dubious it may not actually help, but we need it to calm public fears right now. stuart: there is no impact on the stock market at this point from any ebola news recently. ibm is one thing keeping the dow in negative territory. midterms, 15 days away, if the g.o.p. does sweep the senate, does that mean a stock market rally? we pose this question up and down, all over the place p had >> i look at history. g.o.p. has controlled the house and senate. when they have, it has been amazing for the stock market. truman, dow was up 13 points. 7%. the dow was up 74%. george bush 2003-2007 the dow up 54%. he wants to talk but what could get people to start salivating.
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the big move is bill clinton had to move to the middle. 97 of 23%. 98 up 16%, and ended nine of 25%. the only year it was down was 2000 down 6%. stuart: that is when president clinton was in office, but there was a republican revolution in 1994. he moved to the center. >> and the stock market was amazing. it was a moneymaking machine. here is the thing, can president obama be nudged to the center? being heckled at a democratic stomp saying go out and vote for you, all the things in the quiver of one-liners, people walking out on them. i think president obama if he million did will have no choice. he will not be a bill clinton, but he will have no choice but
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to nudge over and make some compromises. fewer regulations and even may be curtailing the rhetoric. stuart: taxes and energy, i agree with you 100%. >> it is absolutely amazing what happened. the g.o.p. controlling congress and the president having to be more presidential. stuart: in the 1990s did the g.o.p. run the house and the senate? after 1994? >> that was a revolution. stuart: forced to move to the center. >> have you ever heard of the democrats doing welfare reform? he was brilliant, people don't talk about the bad things that happened under him. even republicans grudgingly have
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to say this guy was a good president because he is smart enough to see what the people wanted. stuart: charles, that was a good history, man. let's talk ibm, weighing down on an otherwise fairly positive day. the nasdaq, s&p 500, all of them are higher. how bad is it, nicole? >> it is so heavily weighted. it has been such a drag, at one point worth over 90 negative dow points. last check 78 negative dow points, so absolutely right. if ibm were not in industrial, they would be doing other averages to the upside. first the stock down 7% hitting a new 52 week low. they completely missed on profit and revenue, so with that the expectations were for higher
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numbers. also getting rid of a looping chip business over the global foundries, selling off that, and paying it could take it off their hands, right? they are trying to basically get rid of that. overall not a great day for ibm shareholders. stuart: that is blunt. paying somebody to take it off their hands, and that is true. charles, ibm aside, do you get the impression now stocks want to go up? >> they do want a rebound, but it will be day to day. getting away from some of the other issues, midterm elections, a few hurdles, but november, december i really want to be longer than i am right now. i am excited, i am really excited.
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we are not talking about it a lot, some major headlines, but to me that is the kind of thing that can really be amazing. stuart: we have been distracted. this election a very big deal. we have been dealing with ebola, isis, hong kong and who knows what else. >> my heart bleeds for those people. we are trying to catch up now, trying to bond, but we have left these people out there to fend for themselves that it has been a shame and i hope we catch up. stuart: charles payne want to be long for november and december because you're going to make a ton of money. charles: that is right, we will change washington, d.c. stuart: check the price of oil, please. i think we were down 25% in about three months on the price of oil. 82 as of right now. the price of gasoline, that is your national average, who would have thought.
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$3.10. 17 states are now members of the $2 club. the average in all of those states in yellow on your screen, average price for regular is now below $3. the cheapest gas in the country, $2.46 per gallon for regular at a fast trip station in union, missouri. i'm sure that is cash only. all right, steve, cheap gas, a nice big plus. ebola, creeping paralysis a big negative, do they cancel each other out? >> let's talk about the big decline in oil prices. if anyone thought fracking was a problem, look at the dividend it is paying the united states economy. i cap equates that reduction in price he just talked about the data equivalent 80-$100 per year tax cuts for the american consumer.
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enormous positive, no negative about this and as long as we continue to drill, that price is going to stay nice and low. ebola has just been a catastrophic response team. americans just don't have any confidence washington is doing the right thing, so i do think that is holding back the market right now. stuart: i'll most hesitate to say this because it is almost the worst case scenario, but if we go to more in the united states 50-100, i think we will have a mass panic in this country, people will stop taking cruises, to the grocery store and the mall and the movies, that will bring the american economy to a standstill.
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i like the energy story, by the way. stuart: the possibility of a g.o.p. sweep and the possible at him another boom has all been pushed under the sidelines too much. we have concentrated too much on ebola and isis and hong kong and all the rest of it. we should refocus on that election because the americans do sweep, every economy as i've spoken to says it is a plus, a big plus. >> i think it is, but i'm going to be a little bit of a skunk to your party. exactly right get a republican congress especially a democratic president you get a big boost in the market. here is what i would ask you and
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charles, give me one indication barack obama in his dna is able to move to the middle, stuart. thought he could do this after the 2010 election, he moved further to the left. i am just not convinced this president has it in himself to move in a more sensible direction on energy, corporate taxes and so on. i have not seen it. stuart: i am sure you heard it moments ago. the president attended a basic campaign rally over the weekend, he was heckled and people started to leave early. charles used the word if the president is humiliated like this, maybe that forces him to compromise. am i expressing your opinion correctly? >> the president used the word shellac. twice as president of the united states you have to think about the future, your legacy and things like that. every type plays another round of golf i feel to your point this guy is made left tone.
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in the g.o.p., i find it hard to believe he cannot be nudged toward the middle. but a little bit. >> i was there when you had republican revolution under newt gingrich could help with the congress together, and no clinton as you correctly point out, he was in the middle of the playing field and it was one of the most prosperous times in american history. the question i have for you and stuart is show me this president is capable. i think h he's being so pushed y his left wing base that we will see a continuation of these policies. having a republican senate is a plus for the economy, but i don't see the big burst. cut the corporate tax rate and do the drilling, it is in the political self-interest to do it. charles: i want to say one quick thing.
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i'll borrow a line from everybody who says the market should be down because of ebola. "if." common sense, history, legacy, a smidgen of care for america. if any of those things matter to president obama, maybe it will work. stuart: "washington post" says 93% chance republicans will take the senate in november. i will give you 10 seconds. >> i don't believe that. i have been around republicans, and a how to snatch defeat out of the jaws of victory. here's what we have for you the rest of the hour. what is if the $5 million get you in miami? paint a few years ago it would've cost you only $11 million. we will deal with that at 1250 eastern. and gas prices continue to drop,
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even better news for truckers. and that in coverage on millennial generation be at an interesting idea, 25 is the new 21. we will discuss it at 12:25. go ahead and put your bag right here.
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stuart: breaking news, and an ue on what we told you earlier. a house oversight eight fox news ron klein will not appear before the house oversight committee on friday. the white house simply says he will not be able to attend, that's it. remember he hasn't officially started working at and missed two high level ebola meetings over the weekend. look at this, the nasdaq shows a gain .8%, that is 33 points. the s&p 500 also on the upside, a broader market indicator up a half a percent. the price of gold at 12.44. it has crept up recently. we have a yield at 2.1, 2.2%. millennials want good food, want healthy food, more companies
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making that their focus. they have a best-selling male in whole foods. it is a substitute for eggs. this year's fortune 40 under 40 list. how old are you? >> i'm 344, stuart. stuart: and you found it? >> i did with my best friend. stuart: two and a half years ago, your food is all plant-based. no animal source whatsoever, is that accurate? >> it is accurate. i so one of your guests standing in front of a big oil well. the point is like oil, the problems with energy, we need new ways of thinking about food and exploring for food, and we're doing that with plants.
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in the world searching for plans, trying to find out the best ones to make food better but not in a way that's just for people who are making over six figures, but a way that impacts everyone. stuart: you are private, i know that. tell us about how the revenues have gone up, give me a rough idea. >> we have research and development about a year and a half in the last nine months, we have partnerships with walmart, costco. we have competitors watching so i have to be wary of that. stuart: in tens of millions? >> in that range. stuart: okay. it strikes me if you are purely
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plant-based, basically without saying it, you are vegans. >> the ketchup you have under hamburger would you call that vegan? stuart: if you have a plant-based food company, which excuse all touch of animal whatsoever i have to call that vegan. >> i would call for us a better way, more efficient way of doing things. stuart: why don't you want to use the word vegan? >> i grew up in birmingham, alabama. i grew up on chicken wings and grit, we are about creating a world in which is easier for regular people like my dad to do the right thing and we are proud to be all across walmart, birmingham, alabama, and the walmart next to you, and we're all about making the thing accessible. often when we talk about his issues of food, we can get political about being on the left or being on the right and
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we try to make a good food be affordable food, and dismissed with different labels around them. stuart: have a suspicion anybody eating all plant food derived food is entirely from plant. i have a suspicion they are on the left. i got $100 that says people who buy your products are on the left. >> you would be fantastically wrong, and here is why. looking at the condiment category, mayo is one of the least expensive in the condiment set. people buying it, you know what they're putting it it on? hamburgers. egg salad, tuna salad out of it. we are in costco, we are very fortunate we have been able to
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smash the paradigm we don't find too effective and we work with big fast food chains and that is how we end up working for everyone. stuart: if you can sell it and make a fat profit, i am all for it. just make money. >> there you go. i don't see any by your desk. stuart: if you want to get on tv a lot you send a truck load of free samples to the studio and you will be on every day. that is how it works. >> noted. stuart, again, okay? we pose an interesting question after the break, is 25 the new 21, and if so is it a shift in culture or a result of the obama economy? [ male announcer ] some come here
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stuart: broncos quarterback, peyton manning broke the record with this touchdown pass last night. they debuted these two items. peyton manning's number, eight team. limited edition. new research shows that more millennial's, 50% more likely to repeat receiving financial assistance from mom and dad. let's bring in one of our commentators. does this mean that 25 is the new 21?
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>> they say that there is a big war on the middle class. i think there has been a continuation of policies. the expanding of the student loan industry that is negatively affecting my industry. >> you are saying policy. >> absolutely. it has now pushed up from 21 to 25. >> there are some other fact there's two. it is really hard to pinpoint. why is my generation more entitled. let's look at the policy
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aspects. let's look at how obamacare negatively affects the generation. kids that are currently in school are seeing this reduce. stuart: if you have four, five, 6% growth in the economy, you are really up there. >> absolutely. i think that there are some very specific policy type arguments. the energy renaissance would be astronomical. there are young people that are starting petroleum engineering. there are young people that have degrees in accounting.
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they cannot work for major accounting firms. it is a huge policy aspect. stuart: forgive me for asking, how old are you? >> i just turned 21. stuart: c kirk, everyone. thank you. check the share price of chipolte. young people like this food. they choose it over mcdonald's. $651 a share. just how much are people eating there? do not miss that coming up on this network. the ebola czar has not shown up for work. he has not testified yet. what exactly is the
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administration doing this week? we go to d.c. next. ♪ hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow.
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stuart: now we are down 50 points. ibm is a big drag on the dow. it is a dow stock to boot. not all bad news on the
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technology front, though. it is a mobile payment system. the share price of apple is up almost 500. we are around 81, $82 a barrel. after the 10 year treasury yield, 2.2%. goldman sachs says that by the end of the year that 10 year yield will be 2.5%. president obama says ebola czar is invited to testify before the house oversight committee on friday. the white house just said he will not attend. it is kind of a political stunt. >> he has not even started yet.
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this is how it works. congressional committees will race one another to hold a hearing. to committees are not even letting this stop them. the committee is still moving on with its hearing on friday. they will have officials from the department of defense. stuart: after all, ebola is front and center. you want to tell me why he has not started working yet? >> he is still working in the private sector there. he is taking a leave of absence. not only do you have someone that has no health banishment experience, you also have someone that will not even report directly to the president of the united states. he is the guy that we want.
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stuart: thank you very much. let's get back to our oil and gas story. oil at 82.82 as we speak. in the old days, still wanted those big rigs. i bet you it now. >> down $0.50 a gallon or so. filling up at the flying j down here. you are absolutely right. as you reported earlier, $2.10 for retail gas. 3.634 delta diesel. that is good for everyone. stuart: i know we will see
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headlines in usa today or something. i do not believe a word of this for one second. do you? if you do look at the numbers, if we are paying $0.50 less a gallon for gas, do the math on it. stuart: a lot of those operations, they barely get squeezed when you have diesel at $4 a gallon. i know some of them. >> there is a whole load of it right now.
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it is one of the people you are talking about right there. don: to do you have one full tank a week? >> i have to cars. about a tank for a week. stuart: chief gas and cheap diesel is good news. stuart: it could be a game changer. we will deal with this after the break. ♪ 3rd and 3. 58 seconds on the clock, what am i thinking about?
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stuart: check the share price of apple. we are hearing that this could be a winner. >> 90% of the retail establishment in this country will not accept it. i do not think that it will translate to earnings. stuart: really? i think they have opened up something that is secure and very convenient. they will take aps a piece out of every single transaction they ever handled. i think that this is a winner.
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>> even your credit card is not that difficult to use. so what. my mastercard and my visa card had just been breached. >> you did not have any naked selfies sitting on the i cloud, i bet. >> i do not think that it is a buy. i think it is a dying demand. stuart: negative on apple. negative on ibm. how about microsoft? >> i would rather buy microsoft then either of those two companies right now. >> okay. more pro- democracy.
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do you stand by that? >> yes, i do. the more outrageous biscuits, the more damaging it is. everybody sees this. every trader i know is very edgy about this. it is very edgy. i think you have to stay in the game.
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>> thank you very much, sir. i a lot more on ebola. canada will be the country to send it to the world health organization. what stopped the u.s. from making a drug like this. one of the most risk averse agencies that we have. we have a lot of these. they spent a lot of time putting out regulation that stopped regulators in their tracks when we are thinking about looking into creating a new back name.
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that is a big problem. you also have the nih. the cdc. they are making an extremely poor choice. you know. you know the story. >> your story is government bureaucracy. stopping innovation at a time when we desperately need innovation in america. it is going to the canadians. >> there are ways around this. >> you can get rid of the part of the usda that are systematically increasing the cause for innovators to bringing you drugs to the market. >> i do not see how you can.
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i do not see how you can do that. no government yurok receipt ever does that. it never happens. >> we can fight for it. it is time to make the case that maybe they are creating a lot of damages. it is time to reform it. >> this drug. this treatment. this vaccine. is it made by the government? >> i think that it uses a private company. it is usually the way it works. there are products to consumers. we have a system where basically we have to ask government
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agencies whether they think this is a good idea. in the process, if these innovators start, they have to jump through so many hoops and faith so many cuts that sometimes it is just not worth doing. the research goes abroad. >> welcome to america. 65 million. it sold for $11 million. what is with that price increase? we will have an answer for you in a moment. ♪ go ahead and put your bag right here.
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tonight at 7:00 p.m. eastern. please join us. stuart: we have shown you any houses that could be yours. how about 65 million. >> this is beautiful. a 1920s mansion. it is coconut grove florida. a four car garage. look at the pool. there is a pond. >> you may get a little bit of a chill. >> that is a nice place.
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how come that same place was sold for 11 million? >> it was a disaster. they had trees and grass and everything. i am telling you, they literally had trees and grass crawling. parts of the roof had been taken off. this is actually a savior of the home. the owner is simon decker. he is the founder. >> he could not scrape it because of local preservation laws. this home was built by one of
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the founders of miami. [laughter] the first was one of these owners. >> would you buy that house? >> absolutely. i think that it is beautiful. that was good. thank you very much indeed. more varney next. ♪ that's more... shh... i know that's more than 100%. but that's what winners give. now bicycle kick your old 401(k) into an ira. i know, i know. listen, just get td ameritrade's rollover consultants on the horn. they'll guide you through the whole process. it's simple. even she could do it.
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stuart: if you are purely plant -based, basically, without saying it, you are begins.
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>> well -- if you have a plan based food company, i have to call that begin. i think you got me with that ketchup question. that is what we served up for you here today. >> stuart, thank you very much. more on the ecb plan and what it means for investors. apple pay, you can officially pay for your stuff with numerous apple devices. we will show you whether or not it is a game changer. with me now, fox business ashley webster, jonathan gellar as well. ashley, i will start with you.

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