litical maneuvering. good morning. it never stops. the president gives stuff away trying to buy votes with your money. paid sick leave for all workers and six week paid parental leave for federal workers. last week was free college. before that an amnesty for illegals. the president knows the republicans will say no, can't do it. he calculates that makes them look bad, he therefore wins politically. this just in. america's commerce secretary will go to cuba. "varney and company" is about to begin. stuart: not that much movement on the stock market. that is a change, we are used to 100 up, 100 down but now we are 16 points down, 17-4 is the count on the dow. oil up earlier, didn't last long, now we are down about a

buck $47 a barrel. energy co. still getting hit because we went up and then we went down so exxon is taking a hit, same with chevron, conoco phillips a little bit. now we have 21 states in the $1 gasoline club. that is where the state average for regular is below $2 a gallon. most people in america pretty much have access to under $2 gasoline. how about that? the interest rate barometer we check every day, down again, 1.81% is the interest on a ten year treasury bond, historically very low. president obama wants to give away, paternal leave for federal workers, six weeks of that fully paid. stuart:s to give that away, paid sick leave for everybody one week's worth, a giveaway to everybody washington times on my opinion editor monica crowley

is here. i don't think any of this is actually going to pass muster in congress, what the president is doing is my opinion, he is a we are going to give everybody all this good stuff republicans are going to say no you are not and they look like the bad guys. >> they will be the grown-ups and say we can't afford this, paid sick leave, you know how much this is going to cost? probably a lowball estimate $2.2 billion in 50 states. stuart: to assist the state produce their own programs. in foyers have to pay for this. >> whatever the going to do? pass that along to consumers of the ultimate cost is borne by us. same with a community college free community college there is nothing free, we pay for it somehow. what he is going to do for decades is set up the mean

party, the party of no, the party of the, you want to take away somebody's free community college, the these mean folks on the other side they don't care about you. republicans ought to get together with a coherent message to counter this emotional the this appeal the always comes from this president and the left. stuart: i've drag cheryl into this with a question she may or may not wish to answer. suppose you work for a company that gives you one week of paid sick leave a year. comes to the end of the year four days that you have not taken off. with new take some of whether you are sick or not because you're going to get aid? >> personally know, i would not. on live television in the building and work for. i would not, but i do know of workers that do. let's put it that way. if you're going to gain the system, the worker's favor with that type of appeal they are going to take absolutely. liz: the activity of the

company. you have people who are not sick who are taking time off because they will get paid anyway. bernard: it is not going to fly and the republicans are going to say no and i think rightfully, don't do it. nothing much going on with the markets right now all. that may change. you never know these days. come i laugher former reagan and manhattan -- economic adviser, our economic guru. i got to ask you do you accept that title? about the global economy. look around the world. i see interest rates falling to historic lows everywhere. i see prices falling in europe and japan, icy currencies tumbling, falling out of bed. is it bad enough over there to drag us down every year? >> whenever they do poorly it doesn't help us. we are always been a fitting whenever they do well but they're doing all the policies we did a couple years ago and they are experiencing the same results we did. of quote man can spend himself

into wealth and you can't tax or inflate and economy into prosperity. they are doing all those things. i understand the swiss franc was released today and it went up against the euro. at least there's one country doing the right thing. stuart: if you put money into a swiss bank they charge you money. that negative interest. there is so much turmoil. we must beat spiraling down to some really amazing, catastrophic world event. you see that? >> i don't see a catastrophic world event but we are not rising the way we should have. we have the worst recession/depression's since the great depression in 2008-9 and our recovery has been dismal, the worst recovery ever and especially when you give the fact that it was the biggest decline ever so we have not gone back to our previous position by any means and the longer this

week the more it becomes embedded and permanent. stuart: you were the guy who set when the republicans sweep last november, ago as the economy, we start to have some real growth up goes the stock market. what happened to your economic forecast? >> i think that is true. we will be a. we won't be at the levels we should be if we never had the w and obama great recession but we will come back, these policies, all the ones you talked about that you said would not get passed, you are completely correct. tweet years ago six years ago they would have been passed, they won't get past now so we won't go further down. i think the economy in the long term looks great. we will get a good present, we have a great congress now land once we get the obama administration out of their our goal is the moon. we could go anywhere. stuart: how about the stock market? how about the market? the market will do very well? >> i'm very invested in the market and i am quite optimistic about the stock market.

i think the future of our country looks very good. the other countries, it looks great but it looks absolutely good as well and with the republican house and senate we will be able to stop a lot of bad bills and has good ones. stuart: i got to press you on this. a lot of people say president obama in six years has so changed things done so much damage that it will take years to get out of it but you don't seem to share that. >> it tends to the key is to get out of it totally. it doesn't take years to turn it around and start getting out of it. if you look at what high referred to as the four stooges, johnson nixon, ford and carter. when we came into office in january of 1981, we had 16 years of absolutely the largest bipartisan ignorance done on planet earth. it took awhile to get out with the 81-82 period that was bad but then the rocket ship started and it lasted until 2000. these things take a long time to

turn around the well in the midst of a big turnaround and i think it continues for a long time. stuart: isn't it great to put this guy on tv thursday morning? waking up in hawaii california, art laughter saying the good times are here again. >> don't you agree with me? stuart: i am an optimist and i think we can get back to serious growth but high am worried the damage is so profound especially the way we think, the way we think about our society our economy, where it is going, maybe so much damage has been done it will take a long time. >> you remember in the 1970s, the same thoughts were there jimmy carter was as bad as they get. all these programs, national energy plan and all the stuff going on. it was the same depression and all of a sudden the skies cleared, the light shone on the planet and reagan was nominated

and elected that we had a great congress and then we started this really beautiful ride. i see the congressional elections we talked about as being very bullish and i think the democrats going to switch. look at joe mansion. you don't get a better senators and joe mantegna and he is a democrat. you will see a lot of these changes coming our direction. stuart: art laffer is a good friend and we are all done. stuart: the news is making those moves. how about target pulling out of canada? it went in, made a mess of it they're going to lower costs up 2%. look at blackberry. what a difference a day makes went straight up yesterday, a deal with samsung blackberry denies any talks. before we move on she loves it.

>> the new blackberry classic. the plastic wrap on it. touchscreens, half i phone and have a blackberry with a keyboard i am in love with this machine. stuart: i will move on to best buy. disappointing forecast. lower demand for computers and tablets, not good. down 13 for best buy. traveling to cuba to an ounce from the white house expected tomorrow. come on in rich edson. what is this all about? >> senior administration officials say this could open the way for americans to buy a plane ticket to cuba online if the traveler falls within one of 12 categories like education, trade or journalism and they will no longer need to get a license from treasury to travel there. these rules effect tomorrow. they allow visitors to bring back to the united states $400 in 7 years $100 of that could be alcohol or tobacco, banks of

the band maintain accounts, the government will allow credit card purchases, telecom and internet companies can invest in u.s. exporters could sell to private entities within cuba, senator marco rubio is a critic of the cuba policy calls these changes windfall for the castro regime that will be used to repress against cubans. stuart: good report. did we get -- >> give back $100 legally. marco rubio's criticism is exactly right. you have a huge influx of american money in terms of tourism and business investment and so on that will be served -- stuart: do they get any degree of freedom? >> don't get anything in return and what do we get out of it? nothing. stuart: mexico's billionaire, the richest guy in the world, now the largest stakeholder in the new york times.

has he bought the right to tell the paper what to say? media watchdog is next hunt that one and al-jazeera america says they are not charlie. in a leaked e-mail, got a lot of people our age, but brent bozell is not outraged. we will talk to him.

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when you use promo code go. call now. stuart: a modest drop for the dow, a slight decline, 17-4 is holding. price of gold, straight up. currency turmoil around world around the swiss franc, $30, $12.64. peter barnes has details on what christine legarde is saying. will this move the markets? >> not a lot. here is what she's saying

predicting stronger growth in 2015 for us thanks in part to oil prices and household spending helped by continued low interest rates. the rest of the world is in trouble and economic prescription for growth is, drumroll please, governments, infrastructure spending, but it does-slow growth companies for failing to structural economic reforms and help them to get going. stuart: europeans, print more money, thank you, peter. we were down 26. no change. due look at the share price of the new york times. carlos slim is the largest shareholder of the time this who boosted his stake to 16%.

media research center's brand bo bozell is with us. does that state give carlos slim the right to tell the paper what to say? does he have editorial influence with the 16% stake? >> to the degree that you alone, you have the right to tell the company what to do. to tell the company what to do. by the same token, this is a vanity purchase. the new york times is losing revenue and readership. i don't see that every changing with the newspaper. this is an insanity purchase by a man with more money than god but if he is going to tell the new york times what to do the critics of the new york times have every right to say this isn't the newspaper, this is the mouthpiece for carlos slim. think about rupert murdoch and

fox. does rupert murdoch have the right to tell fox news what to do? he absolutely does. what critics of fox say, this is not a news network, this is a rupert murdoch mouthpiece. stuart: i wonder if carlos slim has any input into the new york times coverage of immigration from central america and mexico? i wonder if he has that been put? the times wants to encourage a lot of immigration from mexico. >> is a fair question to ask of anybody in that position. there are people who own newspapers all over the country. are they in asserting their personal agendas into that newspaper, i don't have the answer with the new york times. stuart: leaked e-mails from al-jazeera and reveal their disdain for the global support for it charlie hebdo. here is a quote.

defending freedom of expression in the face of oppression is one thing. insisting on the right to be obnoxious and offensive just because you can use infantile. this goes on. facing extremists isn't brain league defined and the manner of doing so is more significant in offending moderates people as well. what do you say about this? a lot of people are outraged at al-jazeera's position. how about you? >> i read it carefully and i am not. let me explain why. let's get beyond all the things the need to be said about denouncing the slaughter of the terrorists that took place, that is not the issue. the issue is the magazine. what is the magazine and what does it represent? what is being projected is it was some kind of national lampoon magazine that was having a little bit of fun. that is not true. this is a magazine that deliberately has gone out of its way to insult, to offend people

of faith, not just muslims. for you christians out there, i am a catholic, consider a cartoon that has about the holy trinity, that has god the father performing anal sex on jesus christ while the holy spirit comes out his rectum. that is the kind of cartoon you see in fair. the editors, these reporters are saying i am not charlie. i am not charlie either. stuart: you will defend the right of a magazine to do that but you don't think they are being responsible in doing that. is that accurate? >> you can defend a legal right you cannot defend a moral wrong. just because you have a legal right doesn't make it right. is a moral wrong. what they are doing in insulting islam as these people were saying in al-jazeera, they weren't getting the terrorists. some suggest that makes them

apologists. they were getting terrorists. let's be clear about that. they were getting terrorists. stuart: you can go a step further and say they got what they deserved? >> oh no. i am not suggesting that all. these people at al-jazeera if you read the whole thing they went out of their way to condemn the terrorists. they were unequivocally about condemning the terrorists. that is not the issue. they are not talking about the terrorists. they are talking about this magazine and its offensive cartoons toward everybody. put this in perspective. what did one of the top people at the magazine say in response to the world coming to its defense, to the world showing solidarity, to millions of people with i am charlie signs? what did he say? he said i, you. i am not charlie. stuart: we hear you. thank you very much. if you think you are getting a bargain when you shop at amazon you may think again.

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>> there is nothing wrong with what they are doing.

stuart: now, this. this is a number for you cheryl. paying this in interest over their lifetime. i am not sure whether that is a big number or model number. >> if you live in d.c. $451,000. if you live in mississippi, you will pay the least amount. it's credit scores. also, or do just as well. mortgages tend to be higher in some states. the two main fact there's -- i

will, nebraska wisconsin. those residents have lower credit scores and higher or ditches. >> i guess i am just inking about the higher number. still paying off that mortgage 40 years later. yes. i can see the interest adding up to 200. >> the mortgage in particular. if they use this to base the data on, i think you take this with a grain of salt. stuart: up next, pope transit says there should be limits on speech. judge napolitano, a defender of free speech. does he think it should have any

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stuart: a very small loss. fourteen-point lower. up 47. gas still coming down. $2.08 is the national average. this time last year was $3.30. we are down about $1. historically low interest rates. that is the 10 year treasury yield. 1.80%. president obama following through with shutting down gitmo

. that brings the total number of prisoners still there to just 122. the fbi says 20-year-old christopher lee cornell recently covered it. new fox pulls on terror. increasing 55%. the president is not ready to do whatever it takes to fight terrorism. i want you to relate this to the markets. the rising threat level is that a factor? cheryl: absolutely. billionaires around the world. number one concern for them, conflict. global conflict. not earnings. not loyal.

stuart: the dow is at seven team three. it was well above 18. >> this is a global survey. it does not matter which country you are living in. stuart: a very interesting comment from pope francis this morning. am flying free speech is not acceptable when it insults religion. one cannot provoke or insult other people's faith. one cannot make fun of fate. there are limits and freedom of expression. judge andrew napolitano joins us from d.c. >> i start by stating that i believe that pope francis is the big your of christ on earth. i do not know if he has any

particular expertise on first amendment law in the united states. it is morally wrong to insult the sincerely held religious lease of others. if that is what he means so be it. if it means that the coercive power of the government should be brought into play, as it is in france, then he has willfully overlooked the tradition of free speech here in the united states. you cannot stifle free speech. >> he address this moral issue. one cannot make war. kill in the name of one's own religion. to fill in kill in the name of god is an aberration. i think everyone can agree on

that one. >> if his words were intended that they should shut down -- you just heard a horrific cartoon that our friend described. that is an improper use of the power of government. it violates something else that the pope should be in favor of. the right to speak freely. stuart: i have one more thing for you. people upset about this. duke university. a muslim sound of prayer. now, do you have any problem with that at all? this is not a specifically christian chapel. it is a chapel open to worship for all people.

>> duke university is a private institution that can do with its real estate and chapels whatever it wishes. i am agnostic about whether or not this happens at duke. if you are asking about rutgers or any university owned by a government, that would not be permissible. they can make whatever decisions they want. >> i am not agnostic about this. i want to hear my favorite bible ham every morning lasting two the speakers as well. we are picking and choosing who we are honoring at duke

university. i really hope they rethink this. there is nothing wrong with the christian or islamic or jewish choice. stuart: judge, you have 10 seconds. >> i could not care less what they do at duke. i do not owe why it upsets my dear friend. >> we are breaking up, judge. that is it. stuart: president obama wants to regulate methane emissions. remember this from 2012? >> step one is to drill. step two is to drill. step three is to keep drilling.

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today. up one quarter of 1%. target saying after two years they will be closing their canada operations. take a look here at best buy. expect sales to be flat or negative. right now down 13%. ♪ [announcer:] what if one stalk of broccoli could protect you from cancer?

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stuart: to the banks. check out the stock. both down. there are the legal bills. citigroup. nearly $3 billion. radioshack. may file for bankruptcy next month. cheryl casone says they have tried everything. cheryl: unfortunately, the internet has been the demise. you can now go to amazon.com here and we spoke about that earlier. it is kind of a shame. they had those big super bowl ads last year. they had. out over christmas. stuart weird al, a favorite on this row graham.

if best buy cannot make this business model where radioshack did not stand a chance. kids do not go to malls anymore stuart. teenagers are interacting online now more than anything. talk to your grandchildren and come back tomorrow. stuart: my grandchildren would love to go to the mall if their parents would take them. >> i think that radioshack -- it looks like they will try to sell off some of the assets. at the end of the day it looks like this is sort of the and. stuart: all right. i want to rerun that soundbite from the president where he was making fun of those that support drilling. >> step one is to drill. step two is to drill. step three is to keep drilling.

we heard the same line in 2007 when i was running were president. that is a bumper sticker. it is not a strategy to solve our energy problem. stuart: oh, yes, mr. president it is. we enjoy the benefit of all of that drilling. now, the president is running again against rilling. specifically he wants restrictions against methane gas. come on in dan kissinger. explain this to me. what is wrong with going after methane emissions in the drilling process? >> he is trying to make more energy produced here. let's remember what this is. they changed the name.

they are basically telling the natural gas industry that they should not -- stuart: is that true? methane is the same as natural gas. no difference? i thought there was a lot more carbon emitted when you burn methane and when you burn natural gas. natural gas is methane. what they are doing is changing the name to try to scare you. that's why they don't call it smart drilling. this is a problem in search of a solution. stuart: i thought that the principal falls of methane was cow flatulence. that is what i thought it was. >> exactly.

that is natural gas coming out of house. [laughter] what will be the impact on the climate. climate change. if the president is successful and restriction the production of methane gas in the drilling process. >> zero. absolutely nothing. people do not deliver at least a week their profit into the atmosphere. it does not make any sense. even his power plant regulations with carbon dioxide do not have any impact on the climate. remember, this incremental move to restrict the production of methane in the drilling process. will that raise the cost of energy or raise the cost of the like for city? will ipay more because of this regulation?

>> instead of cooperating with them and working with them to try to reduce this, what the epa is saying we will comment and file for a permit. you have to stand around. you have to hire lawyers. there is not a problem with people leaking natural gas. they are working on it very hard to try to save everything that they can. stuart: thank you very much for joining us. interesting stuff. thank you very much. we will see you again soon. listen to this one. sometimes these stories just come right at you. the fda has approved a new weight-loss device. it is an implant. i believe it goes in your stomach. it uses electric shocks to zap you and move your hunger.

we have a doctor here with details in a moment. ♪

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>> wait until you hear about this one. the fda has approved a new weight-loss system. it goes in your stomach. it is supposed to send a shock to your nerve. doctor siegal is here. first of all, does it work? >> it works. not as much as i would have hoped it would work. this is a device that blocks the nerve. feed me. i am hungry. fill that stomach.

in studies, it only works 8.5% that are then a placebo. stuart: -- >> it does not work as well as i would like. you doctors propose a stick inside my stomach. and electrical charge. that is what you propose? >> if you are very old piece you are looking at high blood pressure, diabetes risk of stroke. this is preliminary. i say definitively it is not working well enough to say that i have a home run here. >> i think that chris christie had the stomach surgery.

>> they tie it off with a rubber band. you cannot in as much food. change your diet. stuart: what are you going to do? >> lap band surgery works very, very well. stuart: what is the liability insurance? astronomical. >> absolutely. i predict it will be on the market. it will work. stuart: do you swallow it or do you have an operation? >> it is still in operation. you might as well get the lap and surgery. stuart: your time is up. pope francis says there should

be limits on free speech. new at noon. coming right up. ♪

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stuart: pope francis has made a series of statements recently. while speaking to reporters on a flight to the philippines he addressed free-speech in the context of criticizing and making fun of religion. this is all about those cartoons muslims feel insulted muhammed. here is what the pope actually said verbatim. one kenna provoke. one cannot insult other people's faith and cannot make fun of it. freedom of expression, there are limits. i think the pope is correct. she is not talking about your right to insult. he's a shoe eat -- you should not do it. i agree you should not deliberately installed people of faith. don't read into the pope's words things he did not say. no where does he justify killing

of a cartoonist. no where does he justify terror as a response to insult. i would like to hear him commit to the principle of free speech flat out, that is our basic freedom, support it but i don't object to him insisting on the responsibility we all have to reject deliberate insult. listen to the pope's closing words. one cannot kill in the name of one's own religion, that is in any of god. to kill the name of god is an aberration. absolutely right. check the big board. not a huge loss, we're 17,300 for a loss of 55 points. as for the price of oil sitting at $47 a barrel. some question about whether 45, 46, 44 was the bottom. it is at 47 rushing out.

we have a tie for the cheapest gas in the land. go to stripes or murphy oil in texas and you will pay $1.44. national average is $2.08. interest rates near a two year lower. we had just broken below $1.80 on the kenya treasury yields 1.78%. historically that is a very low rate of return in the ten year treasury. back to the pope's comments phil donahue with it had -- catholic league. lot of people i saying, commenting against free speech. what do you make of the pope's comments? >> i feel great validated after being subpoenaed by these mindless conservatives as well as liberals for the last week who don't seem to understand the difference between a moral right and a legal right. creepier people, i have said a

million times, you had a legal right to insult my religion. nobody has a moral right to insult my religion or muslims or jews or anybody else and i am struck by people who come and say is there a single bishop in the united states who would agree with you? yes there is, the bishop of rome. he is called pope francis. you could match up what he sat on that trip from sri lanka to the philippines on the playing with what i said, almost identical. stuart: in the secular world you say no problem with the legal right to absolute free speech. >> they really think about it no one believes in absolute freedom of speech. we have laws against libel, slander, treasonous speech, solicitation of crime, copyright infringement, down the list. the aclu freedom of speech

that is not what madison meant when he penned the first amendment. we are talking there are reasonable exceptions, no speech can be absolute. there is a lot more. stuart: you will defend the legal right to free speech. you will say you do not have a moral right to insult someone else. >> in 1998 i met 2,000 people in a protest against corpus christi saying christ had sex with the apostles. 300 people counter demonstrated against my right to have freedom of speech from the national coalition of censorship. 3 or four years later, perdue university put on corpus christi. 11 more asked me to sign on to sue the university because they shouldn't have a right to put the mud. i said count me out. what you should do is pass out a statement to the attendees saying why i object to it, the chancellor of the university

actually did. they try to say i am the fascist. there are a good ignoramuses on the right as well as the left. stuart: see some people saying the pope is saying reading into what he is saying is the people who put out these cartoons got what they deserved the pope did not say that. >> i said to megyn kelly a woman has been beaten up for 20 years and blows his brains out one day we have to try her as a murderer but any sensible person would look at the context and try to find out what is going on here. the guy selling apple across the street from the cartoonist wasn't killed liz the cartoonists were killed. that is an observation, not a justification. i will never count violence against people who you offended, muslims don't like it they ought to grow up. when you get a victory -- i may not get this again. stuart: took your outside.

>> as good as you are i give an edge to the pope. >> the pope is saying we all need to respect the dignity of faith and elevate the conversation, and a moral right to attack other faiths. i feel my faith is strong enough it wouldn't bother me. stuart: do we have a responsibility, individual responsibility not to insult someone else's faith? >> exactly right. i am not in bluenose person. i like irreverent -- when you go below the belt, that is a judgment call but some of this stuff was so disgusting how anybody could say that is the views of freedom. stuart: would you fight for the right to do that? >> i have been doing this -- i have been asked to join suits to

send their people who attended my religion and i refuse to do so. >> my good friend says a bad word against my mother, a punch awaits him but that is not tyranny, that is the pope went a little far. stuart: we cannot ignore dan henninger in the wall street journal. >> i would say let's not compare apples to oranges. there is no other religion in the world that when in salted is watering people in their offices the way they did the charlie hebdo people into christians across the middle east. bottom-line, islam needs a reparation with the catholic church when for reformation several centuries ago. islam has to find a way to accommodate itself to the modern world and can't say when we are insulted we have the right to kill people. stuart: well said. we have more from dan henninger. he has a column every thursday called wonderland. it is in the wall street journal.

his column today basically says our bureaucracy in america gets in the way of the fight against terror. i think i summed it up. >> remember, we had after 9/11 done 9/11 commissioner skop a reported 500 pages these terror acts happen because they were talking to one another, we need to push them in the right direction. make no mistake for all the solidarity and expression of rage that is going on right now, any strategy we undertake to the national bureaucracy, it isn't a movie and is not going to be 10 guys, in prague uniforms, and in the right direction. we have been through a couple incidents the national security agency was drawn through the mud in 2013 by the ed snowden revelation and the big debate about whether we going to guard our privacy against the nsa's

metadata collections. recently dianne feinstein issued this report on enhance interrogation by the cia. regardless what you think of these issues the men end limited these agencies have got to be saying which side of the politicians on and which side is the public on? in those bureaucracies they don't do their job well and we are at a moment, and we want to counterattack against people who kill in paris. stuart: the president baseline policy is bureaucracy, all governments all the time government is always bureaucratic. this is a negative. if you talk about the fight against terror bureaucracy is a cute negative. it is a massive bureaucracy. >> bureaucracies are unavoidable and in the pedestrian world the domestic policy, veterans administration can be destructive but if we are going to ask individuals in the cia and national security agency, to

ally with the french and british and help us they're going to need leadership and they are going to need to know the politicians, barack obama, david cameron, have their back, they are not going to hang them out to dry. there is an opportunity here. the french and british do want to get serious about this. the out liars is in the white house of the united states. stuart: you stay there. thanks very much indeed. take a look the social media stocks. they're all down big. all hitting 52 week lows. not sure of the reason for this. apple is moving lower got down -- imagine that, apple downgraded when it touch 119 back in november. blackberry, up yesterday big

time on talk of a possible samsung takeover. blackberry denies there are any talks going on. we have protesters blocking interstate 93 north and south of this morning they attach themselves to heavy barrels. 17 people are arrested. one person said we are acting in solidarity with people who protested the recent deaths of michael brown and eric garner. they paralyzed boston. traffic tie ups were monumental. that happened today. new at noon. a new home grown terrorist plot to attack capitol hill thwarted and the feds say social media played a big role in bringing him down. governor mike huckabee is with us to react to the pope's comments on limiting free speech coming up shortly and two rock climbers complete the most difficult climb effort, a 3,000 vertical feet ascent to the top of yosemite park's famous "after

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stuart: best buy disappointing forecast, down it goes, 12%. target shutting down operations in canada. it didn't do well and is pulling out. investors love that, up 2% lead radio shack, wall street journal says it might file for bankruptcy by next month. it is bad if the world bank says the u.s. is the best economy right now. here's what reagan economic adviser our art laffer said about it. roll that tape. >> the worst recession depression since the great depression since 2008-9 and our recovery has been dismal, the worst recovery ever and especially the biggest decline ever, we have not gone to our previous position by any means and the longer is dissuades the

more it is embedded in more people. stuart: we are not doing that well in america. the rest of the world according to the world bank is not doing well at all. is there a real problem with the global economy and how bad is it? >> we will have a new normal here. if you look at interest rates for the last hundred years, what we are seeing today are much more normal than the levels we saw since 1970 so get used to these lower interest rates for a while. i agree with art laffer. end the u.s. economy is not doing well at all. yesterday's number, pp are told you that jobless claims told you that again today. when will we weka to the fact the we put a lot of lipstick on this page and it will come home to roost? stuart: historically low interest rates from the world currencies falling out of bed all over the world massive debt almost all over the world and america is not doing well either.

do you think all of that is going to hit our stock market much more strongly than it has already? >> yes. the fed pushed the money towards the stock market and risk assets. that is okay if you see the cavalry coming, if you see growth coming but quantitative easing is a big excuse for i don't know what else to do so they're buying time by pushing us toward those risk assets hoping we see some sort of growth and we spent $3 trillion since 2008 and all we have gotten is maybe 3% growth. that won't had it for the stock prices we're seeing today, you see folks getting more murderous as more time goes on because we haven't seen the cavalry coming. stuart: the year you, thanks very much, good to see you again. happy new year. the 20-year-old 0-man has been arrested for plotting to blow up the u.s. capitol and kill government officials as they flee. the fbi says christopher and beat cornell told an fbi

informant they should wage jihad. is... because he's a mistake and social media blitz is that it? >> we don't know. there could be other ways he got caught. sources tell us a lot. have been saying that for a while. if you want to catch these guys the muslim population speaking out when they think something is strange, policing their own is the biggest solution but he needed amateur mistake going on twitter saying these things. they will instantly start eyeing you. stuart: the man looks, sounds like his mode of operation. he is an amateur. >> he is but this is the difference between football to use football for instance, and terrorism. you can make an amateur mistakes but as soon as you walk into an area and start shooting people

you have committed a professional terrorist attack. it doesn't really matter. stuart: lone wolf, you do this. >> a professional knows when they do surveillance or planning a nation state off the radar. he is a perfect example of somebody inspired, he is new to the religion, he is excited about the religion and the wrong people are teaching him things and you wants to go forward. stuart: we said you are a former air marshal you sat on planes with you got a gun in the bag waiting for somebody to hijack the thing. i don't want to know. i want to refer to this undetectable or difficult to detect bomb, giving instructions on how to create this bomb in this inspired magazine from al qaeda. what do you make of this? >> the inspire magazine needs to go away. i don't know why that keep coming out. if people can hack sony and get

rid of its ability to do business why can't we go in as a government and get rid of this magazine online. secondly, it is a real thing. this isthe new vision of terrorism -- when they go a plus b = c it becomes dangerous. stuart: do they have credibility with this hard to detect bomb? >> there are a lot of types of explosives that are hard to detect because there are plastic explosives that can be mold around the body. this particular one is not really easy to trace with snickers, with different machines. it can be traced. stuart: all these guys have to do is make this claim. we all have to jump through hoops, not more strict checking of carry-on luggage, more lines

at gsa security. we are losing if we have to jump like this every time they come out with something. >> we jump like that. we just jump, we don't change. last year alone in reno -- in san jose there were three different individuals that breach security, went through tea as a, just walked right through. a netiquette went over the fence and got in a plane on the wheel well and flew to hawaii and the third one jumped over install the maintenance truck and headed chase on the tarmac. newark, new jersey, $100 million fence, somebody was drunk climbed over it and made the weight to the gates. we put all the security into one arianna and totally ignore the rest of the area. delta air lines and someone's sneaking guns in. stuart: what a pain to have all this security in the first place. i remember when you just walked on the plane. liz: you have to get ready for a small military battle to fly in

a plane these days. is irritating. stuart: in new zealand i was in new zealand over the holidays, took a small local flight from boston to a small airport no security. no metal detector, nothing no search, nothing, you walked onto the plane. how about that? >> that is a big deal but the scary part is the security we have here is only one step greater than that. stuart: always up pleasure. up next, an update on the news we brought you yesterday, kids rating the office of danny porche, the man who fired jonah hair's character on the wolf of wall street. we will tell you what he is being accused of now. >> how much money? >> 72,000 last month. >> you show me a pay cut for $72,000 and i will quit my job right now and work for you.

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for all the confidence you need. td ameritrade. you got this. stuart: we are in down 1/3% up 64 points as we speak. fbi agents rating of the boca raton offices of medicare

diabetic and medical supply looking for medicare fraud. he is the man who inspired jonah hell's character and the wolf of wall street. what is danny porche being accused of? >> trying to distance himself from the medicare scan, sold diabetes and other medical equipment. he said i was not involved in this but a whistle-blower, former employee who was the telemarketer is saying he orchestrated this scam. he oversaw the submission and pushed for the fraudulent submission to medicare for this equipment and demanded pushed telemarketers to get medicare billing information so the company could directly bill medicare. this is a big fraud of millions of dollars. stuart: the whistle-blower says he did this, he is a not meet because yesterday there was a

big deal in those offices. liz: his wife is co owner of this company so he is going from securities fraud to allegedly medicare, he is really in the thick of it and alleged fraud. stuart: put stock price on the screen of continental resources. the founder of that company is harold ham, the father of fracking horizontal drilling. he got a new technology. he had to put up 68 million shares of that company continental resources as collateral for personal loan he may be gearing up to pay more for his divorce from the lady you see him with. he already howard ham on the left has already written a check for $975 million to is that lady, his wife she cashed the check, there is the check but

she wants more. >> she is saying i will not dismiss my appeal of this $1 billion judgment in my favor, cash and assets, the marital estate is worth $18 billion and just because i accepted this check doesn't mean i don't have the right to pursue more money from my ex-husband. stuart: howard and will be in trouble. that company stock is depressed because of low oil and gas prices. liz: this is the pioneer of oil drilling and shale drilling in north dakota. he has not had a great six months. his wife wants even more money and i tell you something, this is already a record divorce settlement of $1 billion, the fact the she wants even more means harold hammer went in is getting a loan for $2.6 billion backed by a fifth of a share and one the what happens to the value of the sheriff will go is down. stuart: he has to pay.

if he is worth $18 billion and the settlement is she gets $1 billion she is going back to court to get more and if he is having to borrow money against his company it looks like she's going to get it. liz: that is telling that he is borrowing against that stock. stuart: up next the pope says speech should be limited when attacking someone's religion. judge got fired up about this last hour. we will see what mike huckabee has to say about it. >> the coercive power of the government should be brought into play as it is in france in order to silence satirical speech that marked the the people's revisions then he'll woefully of the look the tradition of free speech in the united states and his reading of history should tell him this would only make things worse. at ally bank no branches equals great rates. it's a fact.

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test. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. stuart: i have news on google. it will not affect the stock. it will stop selling its first version of google glass. it will release a new version some time this year. we are down 83-84 points now. $2.08 the national average for a

gallon of gas. comments from pope francis. suggesting there should be limits on speech. one cannot provoke, one cannot insult other people's faith. one cannot make fun of faith. and freedom of expression, there are limits. mike huckabee is with us. stuart: should there be limits on freedom of speech if you are attacking one faith? >> the question is, should the government the telling us what the limits are? >> the answer, absolutely not. it goes to the heart of the

first amendment. it goes to the heart of freedom. the heart that everything america is about. >> i do not think that they were attacking the concept of free speech. i think he was suggesting we have a moral responsibility for what we say about someone else's faith. frankly, i agree entirely with that. >> i agree with it as a moral obligation that we have. if someone says something slanderous about me, i ought to be able to have some form in which i can go after them in court. restore my reputation he had my point is, it is one thing to say we ought to have a moral code.

we have spent now generations pretending there is no moral code. nothing is right or wrong and everything is okay here it people have abused freedom and exercise freedom without any notion of responsibility whatsoever. >> would you think that pope francis is straying into the area? he went on to say that global warming is largely man-made. he has called for more strict regulation of the financial markets. do you think that the pope is moving into a more political arena? >> i do not think that he goes there. he is in valuable. i think he is quite wrong.

having said that, he is perfectly free to engage in the issues of the day. i wish more people in the clergy would give involved in the issues of the day. >> i go to church and i listened to my minister. i do not want him talking politics. i do not want him looking for my boat. i want him to save my soul. that is what i am looking for. you are an ordained minister. >> it has been 25 years since i was in the church. here is what i think. a lot of issues that are moral issues. they are also political issues. the idea of valuing every human life. a point of honor. i think that is a political

issue to some people. it is a moral issue when we talk about whether we have a responsibility to the poor. i think that it is hard to separate. i want my church to apply the teachings of scripture to the world i live in. to make sure that i understand that there is nothing in the scripture that is so outdated that it does not have some life for today. stuart: fascinating evade. i could do this forever. thank you very much, governor. always a pleasure to have you on the show. let's get back to the goodies that the president wants you to give away. the latest giveaway.

it was announced or talked about last night. last week it was free college. before that it was amnesty for illegals. i think the president wants to make the republicans look bad when they say no to all of these. welcome ashley pratt. i think the president is doing this to liberally. i think he is going after your vote. am i right? >> i think that you are entirely right. i think he is also trying to go for the female foe. this is definitely a ploy on behalf of the obama administration. the more regulations they pushed through and impose upon businesses here in america, the less jobs and opportunities there will be for hard-working americans. i do not think this does

anything to help women or families. just like last week we had free college. is it free? no. it is on the back of taxpayers. i think he has a real battle on his hands. i think it will start with the federal government and it will move on to businesses. there will be a real battle if that happens. stuart: i think you are right. i have to go straight to the market. we are now down over 100 points. we have fallen quite sharply. we are down 107 now. 17,322, to be precise. two men finish what is being called the most difficult rock time ever.

using nothing but their bare hands and feet, of course. we have the full story for you in just a moment. ♪ 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500 its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon a different kind of wealth manager ...and black swans are unpredictable. push your enterprise and you can move the world. ♪ ♪ but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how

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stuart: look at tesla. still moving lower. come on in, tom. would you buy tesla at $190 a share? >> no. i would not like tesla. it is not a very good set up at these prices. that is for sure. stuart: you have brought along a cheap gas stock plate. >> it is eventually an etf.

we all have more money in our pocket. stuart: what is our tah? >> it is an etf. it is still in the correct sector. this etf goes up. recently at new 52 week highs. probably a good entry point here. stuart: we will spend money at those retail outlets. that is your premise? >> yes. that is the premise. the u.s. consumer is getting a little bit of detail went. stuart: and better go up. thank you very much. i have an amazing story of determination for you.

just their bare hands. hands and feet straight up. perhaps the most difficult free climbed anywhere. ropes were only used to protect them from falling. the mac pretty devastated. the thought crossed my mind that i should just throw in the towel. then i thought about how much time i had put in it so far. six years. what is a few more days. stuart: outside magazine correspondent. this is made into a very big deal. was it straight up with virtually no where to put your hands and feet? >> hi, stuart. not quite. they had to sort of navigate

their way up. this is a little bit of an exaggeration. we are going to make machines so people can fly. fifty years later, two guys figuring out how to do the same bang without the machine. stuart: i am told that they actually lived, slept on the rock for how many days? >> post to three weeks. i think it was 19 days. it is quite common for them to bring board alleges. they are small platforms that you can hang off the side of a clift. they are like little tense. you can actually be quite operable thousands of feet off of the ground. you have to remember, for these

19 days, these guys did not have any ground to stand on. stuart: are these two guys the greatest rock climbers in the world? >> there are other climbers out there that can climb just as hard or harder routes. the thing that makes this climb so spectacular is just the sheer enormity of it. 3000 feet of rock climbing at the absolute level of what people can do these days. it is hard to say they are the best climbers out there, but it would be pretty hard to press to find anybody better. stuart: we are impressed indeed. love it. thank you. is big government making it

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stuart: we spoke with dan and under earlier this hour on bureaucracy. roll the tape.

>> which side are the politicians on and which side are the public on? when they get confused, they do not do their job well. stuart: john stossel is here. david versus goliath. goliath is government bureaucracy. john you do not know how much i agree with you on this one. do you agree? >> yes. if america's government was not trying to micromanage every part of our life, maybe they could focus on the job of keeping us safe. he has been saying that that fire rest did more. i think we need to be wary of

letting them say go after the people that are a threat. stuart: in your world, how would it work why should mark. >> pretty much the way we do now. we spy on them. we use drop. i object that they lied about it. you have to have judicial oversight. we fought a war for these rights. stuart: you would still have an nsa. you would still have an fbi. >> people want to murder us. yes. stuart: all government all the time. government is inherent to the bureaucratic. >> private enterprise.

your own money is on the line. civil service rules. you cannot fire the bad people. you cannot promote the good ones. no wonder they do not do things well. goliath. 9:00 o'clock. the network is? stuart: fox business network. john stossel everyone. watch him at 9:00 o'clock tonight. more varney after this. ♪

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>> selling apples across the street from the cartoonists those guys were not killed. the muslims do not like it. stuart: there you have it. phil donahue corresponding to the pope's comments on free

speech. my time is up. here is deirdre bolton. deirdre: doubling down. the biggest shareholder in the "new york times." and other media move, discovery channel founder launching a competing radha with netflix and amazon. looking at some big surprises and big snubs along the nominees. more than doubling his stake in the "new york times" company. jo ling kent with me now. 17% of the newspaper is now in court. is this a strategic move or something else? >> this is a bargain he just could not turn down. it allowed him to buy 15.9 million class a shares. half of the times closing