tv Varney Company FOX Business October 29, 2014 11:00am-1:01pm EDT
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statement which says interest rates will stay low for, quote, a considerable amount of time. gdp out tomorrow, expecting 3% growth and see if that is priced into the market create a buying spree. that does it for "the opening bell". "varney and company" is up next. stuart: pivot on printing money, pivot on political power. investors like bose. timms are about to change. turning that the number one, janet yellen is likely to say the printing presses will goes silent. a la running money printing operation is over. turning point number 2, republicans on a roll. all government all the time is in retreat. the gop likely to take the senate so here we are today. the dow is back at the 17,000 level, low-interest rates plus political change means growth and investors just loved it. "varney and company" is about to begin. ♪
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stuart: here it is. look at that. the dow is above 17,000. 24 hours ago on this program we call it. profits up, stocks up, the gop poised to take the senate, 17,000, there it is, 17,007 as of right now. the stock of the day, facebook, down really big after mark zuckerberg said he wants tt spend more money on new technology. the news on mobile ads. that doesn't matter to investors. stock is down 6%. a big draw. charles payne on whether facebook is a buy at 75. a stock we don't often talk about but is in the news today, with the orbital sciences. it is down big. one of their rockets exploded shortly after lift off last night. it was a spectacular explosion.
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nobody was on board. was headed to the international aerospace station. nobody injured on the ground despite the size of the massive explosion. the rocket was carrying 5,000 pounds of supplies going up to the international space station. it was a huge explosion. everybody knew it and everybody side. we will talk aboot the future of private enterprise in space. should the government run space exploration after all or should the private sector get involved even more. we will pose the question and have an answer. let's get to the election was less than a week away on the minds of investors have a fresh fox news poll. 5 days and 12 hours to go. when asked which party they want to control the senate 47% of voters that republicans. 45% say democrats. that is a switch from the traditional response. whether democrats like not president obama's track record is a factor. 50% of voters say they would
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vote against the president's policies if they were on the ballot. a republican from wyoming joins us now. thanks for being with us. i will speculate, let's suppose the republicans to take the senate. my question to you is what is the first order of the day on wednesday november 5th? >> on november 5th you know harry reed will be the majority leader and makes you wonder what he will try to cram through in a lame-duck session in terms of presidential all appointments to the courts as well as different agencies and ambassadors. what i am most concerned about is what happens in january. we want to take the country forward with jobs, focusing on the economy and we have great opportunities to do it.
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it is so critical we take the senate to the republican -- stuart: fast forward to january. what is the first piece of legislation you pull through the house, senate and president's desk. what is in that bill? >> it is passed the house with bipartisan support because you need 60 votes in the senate and there are jobs bills, energy bills that we can actually put forward because we have bipartisan support, exporting liquefied natural gas, back to the president's descant make him decide. but the keystone pipeline on the president's desk. those things will help the economy, help our balance of trade and get americans back to work. sttart: if you flood the president's-with all of these bills, if you try to make him look bad by presenting a series of bills he is likely to veto do you run the risk of looking bad yourself because that will to some degree be return to
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gridlock. >> i offered bills that passed the house in a bipartisan way where you have 30, 40, 50, 100 democrats voting for some of these bills. i want to give the president the opportunity to do trade. you know how important that is. the president has in five state the need to do trade but harry d reid has blocked those things happening in the senate. republicans want to say yes, we think it is important to be able to be trading overseas. stuart: do you think the president will deal on taxes and/or energy? >> import for the president to work with both parties on those issues. >> the president realizes we % need to get the economy moving again and the only way to do that is for the republican majority to put the bills on the president's desk. harry reid has blocked those
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bills and votes. they nnver got to the president's desk. and we want to put those bills on his desk. stuart: thank you for joining us for your op-ed in today's foxnews.com. mary kissel is here shaking her head something rotten throughout that interview. >> i appreciate the happy talk. i am a big fan of his but there's no evidence president obama will move to the midlands deal with the blood gop. stuart: don't you think he will deal at all? he has all these bills. >> where is the evidence of that? the last six years. stuart: i understand that. never retreated before, never done deals before the last two years of his presidency he will be flooded with bills. >> he wants to do a nuclear deal
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with iran and that will be his big achievement. the senator didn't talk about putting anything about obamacare or immigration in the lame-duck session. it will be useful thing for the gop to do to demonstrate there's also bipartisan support on those issues, the employer mandate and piecemeal immigration reform. stuart: point taken. back to the markets. look at google. we call it the everything company, they are working on a film that can use while lead and it can detect cancer and other illnesses. that is not going to affect the stock. is one of those futuristic projects google is very good at. stocks at $5.59 and change as of now. another tech story, this one from lowe's, retailers introducing robotic shopping assistants at one of their stores in california, the first retail robot of its kind in the u.s..
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they may eventually be able to 3d print something for you. riiht now these robots just tell you whether to find something. stock is unchanged. shall we get to mcdonald's? we chronicled their struggles a lot on this program, sales down, profits down, what does it do? it changes its slogan. loving beaas hating. not saying it right and i don't get it so come on in and help me with this thing. it might sound better. >> not sure about that. the people who come up with the slogans pay a lot of money to come up with the slogans. loving is heating? is that the best they can do? according to the wall street journal's they are not getting rid of i am loving it. they are adding this fair and their sales have slumped. they used to have fun jingles, quarter pounder, french fries, apple pies, let's do something
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fun, catchy. i don't like the word hate. our producer and i had the conversation. why does he need to be in the slogan? why not love mcdonald's? stuart: promote the dollar man you. nicole: loving, not hitting? they could do better. stuart: when you and i are like this on that subject. dow is up 4 points, 7,011. i want to move on to the rocket explosion. mary kissel is here. it was unspectacular explosion last night. that is private enterprise blowing up, orbital sciences. >> not taxpayer money. stuart: is it good news for your pal elon musk? i am being sarcastic but he is addicted to tax credit, another private enterprise space kind of
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guy. >> it could be. when they are competinn for business particularly this kind of business. this is one of the best thing the obama administration did wa to outsource some of its space business to private companies like this. you look at nasa they have a horrible track record when it comes to fatalities in manned space flight. this was an unmanned flight. is terrific that private companies are stepping up to the plate. a horrible event yesterday but nobody was hurt and the company was punished. look at the stock price. nasa never got punished when things went wrong. stuart: a one of state is a minor setback but it doesn't change the equation, private enterprise is and should be very much a part of the space program. >> there is a debate about whether private enterprise should go to mars but this kind of stuff they can do it. stuart: breaking news for you, defense secretary check hegel is confirming the 21 day quarantine
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period for all u.s. troops returning from the hot zone in west africa. the pentagon now has a totally different policy from the white house. are they at odds? don't know if they are at odds or not or arguing but policies are completely different. we have this too. the third increasing security at federal buildings across the country. fears of a terror attack in particular lone wolf attacks. homan security secretary j johnson has said in the past week that lone wolf attacks like in canada are the country's biggest domestic terror concern. up mr. jenkins security at federal buildings. coming up after the break a major development on the ebola outbreak and why the obama administration might let non-citizens with the disease into this country for treatment. obvious question, who pays? answer, you do. all rise, the judge on that next.
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$3.02. remember the gas buddy told us $3 national average, he might be wrong. it happens this week, i am hoping. we got a tie for the cheapest gas in the nation. judge napolitano: the cheapest person in the nation. stuart: it is a good story. put the map again in texas. $2.39 a gallon in diction and also $2.39 at $0.66 in spring. of course it is the cash prize, you don't get $2.39 for credit. to the latest on ebola we told you before the reak, chuck hegel confirms a 21 day quarantine period for all u.s. troops in west africa. is being reported that dr. craig spencer lied about having put himself in self quarantine.
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it wasn't until they checked his subway car that he came clean about his troubles and the nurse who has been threateniig to sue over her quarantine in new jersey..3 cheese refusing to follow the self quarantine order in maine saying she won't be, quote, bullied by politicians. she says she will go to court if the self quarantine will is not lifted by tomorrow. >> she can work in these awful conditions in west africa, she can't stand to have an ipad and stuart: don't get the judge started. hold your fire. thank you for those. the latest fox news poll shows -- quiet. half of view, 50% disapprove of the president's handling of ebola, 41% approved. now this. a state department memo obtained by fox news shows the obama
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administration has been considering allowing non americans, ebola patients with ebola into the united states for treatment. the aforementioned judge andrew napolitano is here. there is nothing in the constitution which says we must take people from overseas who have a deadly disease, bring them here at our expense, treat them at our expense. nothing in the constitution says that. judge napolitano: absolutely correct. will get the legal dimension before we look at the political dimension. the political dimension would be catastrophic or for the president were he to do something like that which is why i would never do it before the midterm election. the legal dimension is can he do it? i am sorry to tell you that congresss are given so much power to presidents, republican congresss to republican presidents, a democratic congresss to democratic presidents, they all repose and whoever's occupants of the white house, this occupant of the white house now does have the authority to do that. as politically catastrophic and
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medically are blind deleterious to republics safety as that would be, as insensitive and indifferent and incompetent as it is he has the authority to do it. stuart: can he force us to pay? i don't want to sound harsh. judge napolitano: he has discretionary tax dollars at hhs disposal and he has a printing press in the federal reserve. he can get all the cash he wants. stuart: we can't do anything about it but publicly oppose him. he can bring in people with the ball, put them in our hospitals and treat them at our expense and there is nothing you can do about it. judge napolitano: effectively that is correct. there are some things that could be done but also be whatever interferes with his authority would lose. for example chris christie who is the type to do this wanted to put his thumb in the president's eye, he might get away with that for a day or two but as he did with something else he would
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have to back down because this is profoundly and constitutional of the federal primacy in health-care. the federal government regulate so many aspects of health care they almost always get their way and trump the states even though under the constitution, health, safety, welfare and morality are expressly reserved for the states. stuart: we could not do anything about those youngsters who came across the border by the thousands, some of them in distress medically. judge napolitano: when he went through in texas. the only person who could have stopped it, the president didn't. stuart: employees of federal agencies, medicare, the obamacare website, investigated for insider trading. this has just come to my attention that you are all in favor of insider-trading. judge napolitano: have to watch you back. they are being investigated for violating their agreement with the federal government to keep
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quiet about secrets that they learn. they are not being investigated for trading. they're investigated for telling others who traded on that knowledge. if they did anything wrong, they're wrong would-be violation of their agreement not to reveal what they knew. trading would have been done by people who owns the equipment and new the federal government was about to lease it. stuart: when you are in favor of insider trading. judge napolitano: diane in favor of making available all information prudent investors would want to know about before they invest their money. stuart: we might be in agreement. judge napolitano: you like the way i presented it. do it with it. stuart: we haven't done that in weeks. hold on. i have to do something. time is money. 30 seconds. three other stories we have for you. art laffer error, reagan economic adviser -- no he didn't.
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he didn't call the term for quote -- trickle-down economics. string him out. he did not score in the expression trickle-down economics. judge napolitano: reagan himself? stuart: the guy who -- david stockman. judge napolitano: let him have it. stuart: just read and be quiet. judge napolitano: now you know what it is like to be told on national television be quiet. judge napolitano: i am going to read the prompter. stuart: an idea under attack by hillary clinton. art laffer responds. also another point of view. what is made in england? it is extremely valuable and incredibly good-looking the. and also, see right there, rolls-royce, always wanted a
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one. the sunday craze giving life to otherwise empty shopping malls. that is a story for you and the full story will be yours at 11:50 so says the prompter. just read the prompter. there has been the next block. okay, this is the tees. stuart: client on the set.% our interview with sarah palin getting a lot of buzz. we bring you the highlights and talk about it next. >> underestimating the wisdom of the people especially the wisdom of women. what liberals like to do and democrats would like to do is make women feel they are not capable be enough, strong enough, smart enough to make it under and to pull themselves up by the bootstraps.
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stuart: governor sarah palin made a big splash on this program yesterday. a lot of people talking about what she had to say. >> liberals are underestimating the wisdom of the people especially the wisdom of women. what the liberals would like to do, what the democrats would like to do is make women feel they are not capable enough, strong enough, smart enough to make on their own and pull
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themselves up by the bootstraps. they don't understand it in the greets me, making want to get out and defend the innocent. makes me want to work so hard for justice innthis country. the more they are pouring on the more i am going toobug the crap of them out of being out there with the message, hopefully running for office. stuart: i won't repeat that. bottom line was liberals are nasty, perssnally nasty. sounds a little harsh but what do you say? >> they are at man and dinner parties. i was at brooklyn at a party a couple weeks ago. the subject was obamacare, the president's record, this guy, you work for the wall street journal editorial page, have you ever read as? adam: he didn't attack you personally. they attacked sarah palin
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personally. >> sarah palin, said the main gold grammar aside, she is right. liberals are not tolerant of opposing views. the great hypocrisy of the left. look at president obama. he says he wants to work with the gop and denounces them, dresses down the supreme court, she is right on the war on women. they want to lash you to government. there were a lot of nuggets in search that bring true for me. lenore want to ask about mangled grammar, killing me because i'm running over. what mangled grammar? >> i won't repeat. stuart: okay. more proof that president obama is losing support among his base. people walkout on the president during a campaign speech in wisconsin, the second time that happened. the second item black community activists in chicago blasting the president and democrats. more from this next. >> what i am saying now, how to be real, public housing, most of
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the white house policy on quarantine. check the big board. however, look at facebook. rebuilding plans to keep on spending big-time next year. orbital sciences, they are taking a hit, too. they made that rocket that exploded yesterday. >> it is a tough time to lose and launch vehicle like this. not as tragic as losing a life with it. >> charles pena will weigh in on orbital science. let's get to the bit term election, shall we. new numbers have been released.
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what is with this pool? >> this is a harvard university poll. they say they will definitely be voting. they will prefer a republican congress. the problem with this is only 26% of this group says they will definite the be voting. voter turnout was 24-25%. stuart: was it fell pool of harvard students or all millennial's across the country? >> a nationwide poll. >> i will get it right. believe me.
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>> i do not dislike harvard, i just do not like the elites. jason riley is here. [laughter] stuart: state, i knew that i like him. we are staying on the midterms. listen to this one. black leaders blasting democrats. >> democrats have not done anything to us, as of yet. wwy should they go out and vote? now hh wants to go out and have this conversation about minimum wage. the hell with his minimum wage. we do not have any jobs. a minimum wage rates for what?
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stuart: please stop helping us. his name is jason riley. what he is saying is exactly what you have been saying in your book. how prevalent is this new line of thought in the black community? >> i think it has been out there for quite some time. we have seen a number of them. democratic candidates are up for reelection. blacks challenging democrats in terms of their political representation. he has been featured in a number of these ads. a wonderful development. stop allowing yourselves to be taken advantage of.
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you allowed yourself to be taken advantage of when you do not allow our two-party system. it does not lead to responsible political representation. >> i've got it, but that is political strategy. >> i love the clip you featured on the minimum wage. minimum wage for what? we need jobs. >> this is like a reaction to the obama administration. is the gop getting out there and speaking to guys like this? number of groups. this is effective black
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outreach. this is going around the civil rights leadership. taking the message right into the community. that is what they should be doing. stuartt you were invited to speak. would you shoot it down? >> i do not know. i think it depends on who is in the audience. younger blacks are much more open to these ideas that you see coming out of the political right. this is a post- civil rights thing. what have they done for you? what have they done for the black community. though black crime is still there. i think, you can point to that record and backend resignation. stuart: one more for you.
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this was yesterday, i believe. listen to what he was saying. >> republicans are pictures. they love their country just like we do. they have some bad ideas. that does not mean that we do not appreciate them as americans. i have family members who have bad ideas. they are still part of the family, but you do not want to put them in charge. stuart: it was a largely black audience. >> they have been running the show for the past six years. his efforts to get us out of this economic slump, so to speak, that is a tragedy that has been tried.
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i find it very to this tasteful. what do they have to show for six years of president obama? they have higher unemployment rates. they have higher income disparities. why should they be enthusiastic? stuart: we hear you. come back anytime. some good news for the munchies crowd. you know what i am talking about. taco bell releasing an app. you can pre-order your talk goes. pick them up fresh, when you want them. you probably know the popular board game operation. the man who invented it needs operation himself, but he cannot
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♪ they cut the pow. it'll fix itself. por's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. the smartest or nothing. the quietest or nothing. the sleeke... ...sexiest, th...baddest, ...safest, ...tightest, ...quickest, ...harshest... ...or nothing. at mercedes-benz, we do things one way or we don't do them at all. introducing the all-new c-class. the best or nothing. nicole: i am nicole petallides with your fox business grief. a slight gain.
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of about 60 earlier today. it was also negative as well. we ave some names hitting some highs. hitting record highs today. great numbers. we have outlook of 4.8%. they explored the spinoff into two separate companies. keep an eye on goodyear tires. hershey, higher milk prices. a strong dollar. also hurting the company. hershey is to the downside. back in a moment. more "varney & company" coming up. ♪ you drop 40 grand on a new set of whes, then... wham! a minivan t-bones u. guess what: your insurance company will onl give you 37-thousand to replace it.
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surgery. check at&t. alleging that at&t misled customers on unlimited data plans. look at hershey. it lowered its outlook. down it goes 3.5%. we have yelled brands. they are going digital today. this app lets you pre-order your meal before you arrive to let you pick it up. i have not describeddthis in full. if i have that out, i can order up and customize my taco in advance. i can say i will pick it up at a specific time. i do not think i did justice to your new app. >> you are doing a lot better now, stuart.
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the good news is, a lot of our consumers are really finding the customization and convenience of the app to be outstanding. we are really excited. stuart: you are actually following other restaurants. you are following customer trends, i think. they have been asking for the ability to access taco bell. they are trending in the top five in the app store. clearly, we are answering the need. most 18-34 -year-olds, anymore now, they check their phones
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krehbiel both. that results in a lot of -@late-night business. stuart: i have to get your take on the new mcdonald's slogan. love and be paid in. what do you think of it? >> that is news to me. i would rather focus on, you know, our slogan. live. you really nned to get more out of every experience that they have. >> i prefer, on in. how about that? that could work. >> stuart, do you have the munchies? >> no, sir.
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i gave you one fantastic commercial, didn't i. >> i am glad to hear that you are a fan of taco bell. you will send a large supply of taco bell product to this studio. happy to do that. of course. stuart: great to have you with us on this show. >> thank you. stuart: the zombie phase. good story. ♪ (vo) you are a busess pro.
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what is this all about? >> there was a disarray. big and the two thousands.really a haunt. one target was turned into this this year. the names, you mentioned the walking dead. the names are crazy. stuart: you pay a fee. >> some of, these are 20, $25. the owner of the commercial piece of property gets the rest. they have to do all of the preparations. there is a big job fair.
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convention for people to do this. it is business. it is a very popular thing. just like candy costumes. >> decorations. things like that. >> it sounds like good clean fun. stuart: the pope came out against it. >> anyway. job creation. let's talk about that for a moment. makeup artist. think about all of the construction. very high and haunted houses. they are not haunted houses. they are pieces of retail
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property. stuart: would you go to one? >> yes. absolutely. stuart: thank you. hillary blasts trickle down economics. says it does not work. corporations do not create jobs. art laffer does not like the term. he is coming up. much more on our sarah palin interview. the second hour is two minutes away. ♪
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3rd and 3. 58 seconds on the cloc what am i thinking aut foreign market asian debt that recognizes thshift in the global onomy. you know, the kind that capitalizes on diversity across the credit spectrum and ge exposure torontier and emerging markets if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... ifou've had to become your own investment expert, maybe it's time for bny mellon, a different kind o wealth manager ...and black swans are unpredictable. trickle down economics. you have heard that expression. it is a dismissive term. as the rich get richer, some of the money will trickle down to the rest of us. a very effect if political
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slogan. it works. dismiss that. out of hand. hillary clinton just said history proves it does not work. she says, hold on. let's think about hat. the middle-class did very well indeed. our economy was built from the middle out. at this moment in our history, it looks like we are at a turning point. we have had it with government. in a moment, hillary and the man whose middle name is prosperity, art laffer. our second hour is about to begin. ♪
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stuart: we are holding at 17,000. the dow pretty much on hold as we wait for 2:00 o'clock. we will find out that 2:00 o'clock eastern. right now, the market is on hold. investors do not really like that. it is down 6%. orbital sciences down. we broke this news last hour. chuck haggl ordering a mandatory 21 day quarantine. the pentagon's policy and the white house policy do not match. different rules. you heard my take. the left led by hillary clinton. former reagan economic advisor art laffer is here. i know you do not like that expression trickle down
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economics. ittdoes work. it does. growth works. am i so wrong? are you so wrong? >> no. he used to call it, if you see it, the stairwell survived on i like trickle down better than i do golf breaks. it worked in britain. it worked in the u.s. it worked under bill clinton. it worked under ronald reagann it works. hillary is just playing a long. stuart: does it also mean that the rich to get richer? >> yes. the wealthy top 10% take-home a lot more.
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their game is bigger than the @iddle-class game. >> so what. no american has ever made better off by pulling a fellow american down. we are all better off. a rising tide raises all boats. being aati-rich is the worst thing you can beeif you care about poor people. phil gramm said it beautifully. i have never been hired by a poor man. what is good for one is the good for the other. >> when asked which party they want to control the senate, 47% of voters said republicans. 45% say democrats. i think that is a real switch.
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if the gop doesn't win the senate, we will see a nice big stop work at rally. >> i think that the rally will be very large. i think we will get corporate tax reform. i think we will get sequestration removed. defense spending for sure. i am just very excited. even with obama as president, they will produce very good policies, to be honest with you. stuart: if you've got that kind of growth, and that is what you are implying -- >> i would hope so. stuart: wanted the output hillary into the white house? >> i do not think so.
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people know that the type of stuff that hillary is saying. i hope she switches. the type of stuff that she is saying is just nonsense. yes, the people who started the businesses, they did build it. stuart: still reacting to the crash, the setback in 2008. it was all slimes. they got a bad reputation. >> it is bad economics. it may be good politics. >> it may be good politics. we have the anti-nixon crowd come in there. it was all during gerri ford. we got the 78, 79, 80.
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when ronald reagan came in, we have, what was it? sixteen, 18 years of prosperity? bill clinton was a very big part of that. , two. stuart: is it true that you tax cuts? part of the plan for >> it was for gerri ford, y the way. it was against the inflation tax increase. yes. i still insist it was a paper napkin. we are going to redo that in a couple of weeks. doing a special on that one evening. stuart: wait a minute. you are doing that with some
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other tv operation? >> i begged for you, stuart. there were no calls, no candy grams, nothing. what can i tell you? jason riley is a favorite of mine. you are right on the line here. we will win this one, i think. it will be the varney rally in the markets. stuart: if you are not going to come on this station with that special, you are in trouble, art laffer. >> you are my favorite. i am from nashville tennessee. i am not bashful, i'm from nashville. [laughter] stuart: thank you for being on the show. voters not happy. new polls that really show it.
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46% say they are dissatisfied with how the government is working. 23% say that they are angry. gop policy chris wilson is with us. chris. >> thaa is real disaffection at a very, very high level. will those disaffected people vote and will be others stay home? >> some of the people that are disinfected anddwhether or not they will flow, that is completely reflect it. voters, overall, are completely -- art laffer went through issue after issue.
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we will see turnaround on the republican senate. yes. that is exactly what those numbers reflect. stuart: last time you were with us, i believe it was late last week. you tell us about early voting happens. you do know who is voting. @s i recall, you were saying that some of the president's key constituents are not doing early voting in the same numbers that they had in previous years. >> we do actually know what some of their voting is. 90% of the people who have voted will tell us who they voted for. we are seeing unmarried women
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almost split right now. even those that are turning out, the democrats are not holding. it is really historical. >> the actual study shows you that there is a significant trend? >> yes. all signs point to that. stuart: okay. thank you very much for joining us, sir. appreciate it. breaking news. apple pay. it has been hacked. it has not even gone live yet. the retail group working on it. that has to bode well for apple.
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out. today has been going up and up and up. >> i know apple is a competitor and apple pay has been a great hit. the stock, let's get to the stock. 107.34. record high for apple today. talking about getting hacked. you just do not want any of this at all. >> outpolled split 741, as i recall. that means that on a pre-split basis, apple is now at 749-$750 a share. do they have to go to 142 to be the equivalent of $1000? >> i do not know the exact number. it is surpassing all of this.
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$1000 would be a little costly. >> that is true. thank you. check the price of oil. gas, though, still falling about a penny a gallon per day. the $2 club, states where the average is below $3. it is expanding again. twenty states under $3 gas aaerages. the cheapest gas in the nation. two stations. both in texas. 239. cash only, please. and money printing today. less than two hours from now. will she ever really stopped printing? sixty seconds.
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you tell me. will she ever stopped printing, really? >> yes. today will be the day it happens. the difference this time than before is the economy seems to be in better shape right now. i really think that that is what they will focus on. it will give us a good glimpse. the market is taking it. they are expecting it. i do think that it will happen. the market is waiting for that news at 2:00 o'clock eastern. >> the more they are pouring on,
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stuart: a state department memo reveals that the obama administration has been considering non-ebola patients into the u.s. for treatment. >> is does have the authority to do that. as medically harmful. he has the authority to do it. stuart: the state department official denied such plans on tuesday. we have a lightning round of topics for doc or keith ablow today. >> we do not understand that it invigorates me. it wants me to get out there and defend the innocent. the more they are pouring on, though more i will bug the crap out of them by being out there with a voice, with a message.
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>> i should have set that up a little bit better. why do people literally hate, in a personal way, sarah palin? >> i think that she is a plain speaking person. she invites people with very contrary beliefs.3 i also think, stuart, that there is a little bit of backlash towards her because she is female. normally i would never say that gender is an issue. if you listen to her voice and the things she is saying, i think folks are not used to that kind of told frederick. they react negatively to it.
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>> it is often women that are expressing that. there is a harvard psychologist that sayy humans are programmed to regret big purchases. what do you think about that? >> yes. the research is saying you buy something and you get used to it quickly. the researchers say it better to invest in experiences. go see wildlife or take a trip. you have had the experience and you will continue to relive it, potentially. hardwood floors youuwill walk on daily. i think the thing to do is to be aware. remind yourself that you have been able to procure.
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i do it all the time. i tell myself, wow, yet another day of wearing. x number of dollars per day. i do not lose my appreciation. stuart: i feel, as a foreigner in america, i do not necessarily enjoy plunking down big bucks for nice consumer items. i do not enjoy spending it. i think a lot of people do. am i accurate? >> a lot of people do, but they feel buyers remorse. my solution is paying notice. treating you would include you buying a very fine wristwatch. perhaps, a pair of alligator
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shoes. it is a quality item. it is going to give you a sense of being special, which you are, man. >> we have to roll through it, which really. >> that should be yours. stuart: we had an interview yesterday. i call senator flake a honk because he is in good physical shape. roll the tape for a second. >> that shot will be rolled all over. you are a honk. the best clinical advertising. stuart: are you jealous? >> no. i am very comfortable with how i came off with this. >> what is a better symbol of
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comer arteries and being able to admire the physical part of that guy. alligator shoos, a gym membership, that is all i can tell you today. please just do not hug me. >> you are worthy of being hugged, my friend. i am there for you. stuart: facebook. amazon. twitter. all three of them being punished by investors. are any of those stocks a screaming buy at those prices? another item on the show that is incredibly valuable and straight from england. first, the world series. the royals beat the san francisco giants 10-zero last night. forcing a game seven.
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1,000 jobs into illinois, but connell: presidents have to pay sales tax if they buy something on line on amazon. that is the catch. >> they have a sales nexus in illinois once they put that in and behind me in wisconsin, compare the one here in wisconsin from what they're doing in illinois, very interesting, as you point out they have to pay sales tax but wisconsin or amazon would rather do business in wisconsin. a bigger investment in wisconsin than they did in illinois. and almost double the amount because they also got a tax break in wisconsin but they didn't get in illinois. if you look at a mat, this fulfillment center here they will use this fulfillment center to deliver stuff to the folks in illinois though there you go. got to pay the sales tax, you don't get a big fulfillment center, just a small one.
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amazon's choice. stuart: i am not sure i get that. why would amazon do that? i don't get it. >> it is a big population center. they need a fulfillment center in illinois but would rather have it in wisconsin. stuart: but they couldn't. all right. thank you very much. looks cold where you are. thanks. big hit to private enterprise in space. i privately operated resupply rocket exploded seconds after launch. nobody heard despite the blast. is it time for the private sector to step back a little on space? put the government front and center again? we will discuss that in a moment.
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stuart: 0 week to election day. more money back from the business community pouring into the republican party. look at this latest poll from fox news. when asked who the one to control the senate 47% said republicans, 45% said democrats. that is a big switch. last hour we asked senator john borasso the top priority of the
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gop takes back the senate. >> we want to take the country forward with jobs, focusing on the economy and we have great opportunities to do it, that is why is so critical to take the senate to the republican majority. stuart: specifically he said he wants a keystone pipeline bill on the president's desk pronto. the democrats, president obama's track record is a factor in tuesday's elections. 50% of voters would vote against the president's policies. 35% would vote for them. look at the price of oil. we're today, not that close, dow jones industrial average dropping below the 17 k mark off 23 e of oil is $82.65 up 1.5%, the price of gasoline falling about a penny per day. there is your national average, $3.02. it is time for our sector report, three names in the tech
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sector. you know them and they have been beaten down. michael robinson from san francisco and charles dean right here. i want to look at facebook. i you buying facebook now at $75 a share? >> yes. i would hedge if i could pick up some on the cheap and too a cowboy splits and pickle extra. stuart: you like it. charles, how about you? charles: 68. i don't know, and i loved it. down to the cowboy split too. stuart: explain nick cowboy split. >> staggered entry system where you buy it in trenches like you buy a third today if you are entering today, put an order in assuming like i am, in to face book for the long haul so you staggered -- a way to get a longer term way of making money. stuart: my stirrups are
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spinning. >> i use it all the time. it works great. stuart: how about twitter below $50 a share, 42 is weighed down. stuart: it is, by, this is the right price, let the dust settle more. stuart: how about you? >> not twitter. i understand where charles is coming from. is attractive but i want to say another quarter, it seems like it is slowing. one ggod sign is the cfo, the new cfo's seems to be on top of it. i will give this another quarter. is no better than a hole and i would be selling it. stuart: move on to amazon. at a price target of $420 per share way above where it is now. would you buy it where it is now? below 300? >> i have this as a whole and there is a reason for it.
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a couple red flags i saw in the most recent earnings release. i want to see one more quarter of performance. one of the things that is exciting about amazon is they own the cloud market, they are five times larger if anybody else out there. they bring in $3 billion a year on this, that is a portion of their operations, very high margin. i would like to see what happens in the next quarter. stuart: you would buy below 300? charles: at some point this has to start making money, got to bring this to the bottom line. stuart: i want to raise the subject of gee whiz technology. lauren simonetti is here. start with google. we call them the everything company. something new from them now. >> they working on cancer. google x labs, people live brought you the driverless car, they're working on this hill which is passed with magnetic
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particles that travel through your bloodstream and search for cancer cells and report that to a sensor on a wearable devices and you can detect if you have cancer, how bad it is an don't have to go to the doctor as much. it is up till. is an adjustable device. stuart: way down the road. >> at least a decade down the road. people criticize google from the investor stands, stick with one, stop trying to do these high in the sky ideas but this is how they invent stuff. stuart: they have a new robot in the store in san francisco. what does it do? it speaks two languages, english and spanish, you walk into the sort ask the robot, it died u.n. to the aisle in the store where the product is. if you are not satisfied you look at the screen, big video
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screen on each side of the robot and it will tell you the deal in the aisle that you are standing in and other items and it can give you a tutorial with an expert about the item you are about to buy. if you are not convinced there is the 3d scanner on its head and eventually, this is very futuristic, it can 3d print an item you are looking for. why are you laughing? charles: it is not the same thing as getting in an argument with a robot as a human being. i wanted to have what i am looking for. >> say you are amazon. what kind of commands could the ecommerce market trending physical sports, physical stores are answering back saying we are going to bring technology into our stores and use both of them, blend them, cool stuff. i think it is brilliant. there will be maybe -- stuart: i want to see you
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relating to a robot. >> i am fairly taller than that. stuart: you used to like it, the rocket blew up after launch yesterday, to you like it? charles: i do. this is problematic. it blew up seconds within a launch, they had a deal for tweet missions, this was the third one. nasa said they are going to continue, the next one is even more ambitious. they were covered with is from an insurance point of view. i am more concerned about competition. boeing is getting into it, spacex, and i still like it. i love the idea of the private sector doing that despite the miss have. one of these things you get in today at 1:00 they have a big press conference. and this ruined them long term. stuart: this is the sector report. when the gop --
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stuart: i like energy. he is spot on. and the lowest hanging fruit. corporate major tax compromise. they have oil over seoul's. stuart: i am sure you heard "varney and company" has a spinoff called making money with charles payne and is doing rather well, at least it was yesterday. he beat me. 6:00 p.m. eastern on fox business. one more cat story to mention we told you about earlier. currency, the competitor to apple pay, walmart and some retailers are working on. it has been hacked and hasn't even gone live yet. that doesn't bode well, that is good news for apple. apple's stock is at 107 earlier today. updates on ebola for you.
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42 u.s. troops are under quarantine in italy up from 11 earlier this week. check cable last hour announcing mandatory isolation for troops returning from west africa, 21 days. what is made in england? very valuable, pleasing to the i.t.. always the center of attention. rolls-royce. that is outside the studios. i am going to see it next. how much money do you have in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge
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is a rolls-royce car, brand new, the ghost series 2, handmade, correct? >> everyone is handmade. stuart: i you going to tell our viewers, millions of the mouth there, that is that is a british car? >> rolls-royce is the 100-year-old british brand well known for excellence. stuart: and who owns the rolls-royce company now? >> the ownership of rolls-royce is our parent company bmw. stuart: rolls-royce is owned by the germans. >> rolls-royce brand is run independently. is assembled in goodwould in dull chester, england. the tradition of craftsmanship and excellence goes with every rolls-royce motor cars. stuart: i always wanted one of these things as a kid growing up in england. you are going to show me this and tell me why i should buy it.
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>> i will tell you why you want it. go twice and grab a seat inside. have a seat. stuart: first time i have been in a rolls royce. >> this is the power see. aside from the fact the technologically is the most comfortable see you ever sat in. the two power seats behind the wheel or the rear compartment. stuart: it is beautiful. >> it is a car for your viewers. the main owner is an entrepreneur, someone who build their own business. you ask why would i want this car? you want this car or not? no one needs a rolls-royce but a rolls-royce is something someone would want. stuart: is right down the street in this thing. >> combination of status and also the spirit of control
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performance. it is an effortless performance and when you ride in the rear compartment of a rolls-royce ghost it is unlike anything else you have written in so if you are the wild creator or tax creator or job creator you get out of the office with a you are going home to see your kids and wife or kids and husband or going to your next meeting, you want only -- stuart: i got one foot out of it. how many rolls-royces did you sell last year? >> 3,360. this year we expect to sell more the 4,000. stuart: here is the big question. this month, this one that i sat in, how much? >> somewhere between 300, and 350,000. the starting price for the rolls royce is 368,750. it goes to whatever your
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imagination. 80% of rolls-royce cars, ghost cars the additional award in advance. >> customize, not just specific dollars. stuart: ballpark 350 to $400,000 out the door gets me brand new rolls-royce like this one. >> between $300,000 to $400,000. you could have a nestle customized for your life style. stuart: thanks very much indeed. thank you for bringing this thing. you get a scratch on it in new york. >> we will see how we can do that. stuart: hold on, we have some breaking news, nicole petallides. nicole: we are looking at orbital sciences, down 16%, with an eagerly awaiting press conference we have seen in the video. a 14 story rocket leaving from
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stuart: back to orbital sciences, still halted. down 15%. that is the stock price. at rocket explosion was an orbital sciencess rocket that blew up after liftoff. alliance tech is re-evaluating its plans to merge with orbital. now this. record number of people on food stamps. listen to this. people in 42 states, able-bodied capable of working, still collecting. the states are not enforcing the work requirements. julian assange nehr from the "national review" is here. let me get this right. more than 40. >> 42. they started a movement to start requiring able-bodied adults to actually work for their food
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stamp benefits longer and three months. stuart: one of the requirements right now if you are able-bodied, no dependents, able to work but you are not, should you be collecting food stamps? >> the law says in 1996 there were welfare reform that if you're able-bodied, don't have dependents, on food stamps long been two quince you should spend 20 hours a week working or volunteering, getting a job and training. you can still collect them but have to do something productive. stuart: there are hundreds of thousands of people in that situation but not fulfilling that work requirement. >> that is because states go to the federal government and make the argument there economy isn't good enough and get a waiver but when i am looking at it more than one thousand 900 days past the recession the economy is supposed to be getting better and i think it is time for able-bodied adults who have the time to work, time to volunteer, time to do something productive with their time to do it. stuart: when it is not in the interest of the states because the states don't pay. food stamps are paid for entirely by the federal
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government. why should a state say you are off this food stamp program, why would they do that because there's less money coming to the states? >> it would be politically -- there was a poll in 2012 that found 83% of americans think if you are receiving welfare you should work for it but having states do it is more controversial and there has been a lot of push back in mexico. and reinstate the requirement. stuart: the push back being no skin off my nose. milk it, let him do it. do you think we will never reform the system properly and make sure able-bodied people with no dependentss put in 20 hours of work? >> there's a trend toward it. i am watching the maine gubernatorial race closely because governors, most aggressive welfare reform in the u.s. and other governors will -- this is politically winning.
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stuart: thank you very much. the dow is pretty flat around 6980 watching for the federal reserve to pass judgment on printing money at 2:00 eastern. we will wrap up all the news for you after this. 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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>> our slogan which is very much in tune with millennials and how they want to live, explore and get more out of every experience that they have. stuart: i prefer come un in munchy people. that could work. >> see you have the munchies. stuart: i do not have the munchies' but be honest about who taco bell is going after with its new mobile ordering air when. roger has harsh words for hillary clinton about trickle-down economics, she knows as much about economics as foreign relations which is nothing. donna has this to say about why
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so many people by turning away from the president. they're disenfranchised with his lawlessness, not pulled in the constitution and domestic foreign policies have been a failure. quickly, u.s. troops, 42 of them quarantined in italy. apple pay competitor hacks, facebook down 6%, orbital sciences halted. here is dierdre bolton. dierdre: in one hour the fed's rate decision many forecasting a message that signals the end of quantitative easing. we will cover it for you. facebook's $22 billion purchase of what's apps has cost the country $140 million of far. the founder and ceo marks a bucs ever -- mark zuckerberg says it is all in his suite in your plan. carlos flynn, rupert murdoch just speaking on stage at the wall street journal conference, there tally on the most successful and the ones they wish they had skipped. one betha
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