he magic $2 a gallon level. this is one of many fully loaded supertankers. you are looking at oil supply. so, who will be the first to sell me a gallon of regular for $0.99. varney and company is about to begin. ♪ stuart: check that big board. it does not look good. just below 174. look at the price of gold for a moment. we are closing in on 1003. that down to the 4647 range.

we are approaching the loads that we hit two weeks ago. the other news is, the price of gas down to $2.05. this time last year, it was 328. twenty-five states in the $1 club. right down the center. two dollars to the left. he is the guy with gas buddy.com. is it a good shot? a good chance that aaa will be reporting a national, nationwide average $2 a gallon or less? >> you are right.

that is what we are expecting here. we are actually at $2.04 a gallon. only a nickel to go before we reach that $1.99. stuart: 3:30 a.m. in the morning. 3:45 a.m., aaa post their latest gas prices. >> i will just stay up late at night. stuart: i want to talk to you about taxes. are they doing this just to get on this show?

just to get on your headlines? >> it would not surprise me. i think that is what they are after. i think you can take the credit they there with the low prices. we found some stations yesterday, cheaper. stuart: i asked the question at the top of the show. what is my chances of paying $0.99 a gallon somewhere in america at some point this year. what are my chances of $0.99? >> i think your chances are as good as somebody coming up with a time warp. i do not anticipate that happening any time soon.

probably not a whole lot. one day they were up $3 in the next day down to. it looks like that could be setting the floor for how low oil prices go. >> he was quoted this morning as saying we may be back to $4 a gallon by the end of this year. what do you make of that? >> there is always some noise on both sides of the spectrum. i suppose he is looking for some headlines of air. stuart: the dow is down 111 points. atlantic terror of date. thirteen of apartments.

no arrests were made. isis releasing a new video. it shows two japanese hostages threatening to behead them. will the japanese cave to rent some demands. the company's information warned the crew yesterday. this is another predominate muslim country and chaos. slaughter the teens because they violated the law. at least 10 people have been killed. there you have it.

outrage on the terror front. individual stocks making news. raising its outlook for sales and profits. there is another gunmaker which is also higher. smith and wesson up. google wants to deliver internet access via satellite. that is a billion dollar shot for the lawn musk. this is a big story. more on it coming up later. up $2 at the moment. five team on google. now this. a new "wall street journal" and nbc poll.

50% say that they sell real economic improvements and 24 team. that has nothing to do with half the people saying we approve of president of, economic policies. that is half the people saying our lives are in truth. >> there has been a slight uptick. >> even if they have nothing to do with lowering the gasoline. stuart: tonight, state of the union. tax the rich, spend more money.

higher taxes and more spending. >> there are fewer democrats. i think with eight or nine losses, i ink it was nine. the house is even higher. i suspect only the basis. >> it is a rub party. you have the left and control of the senate democrats. there are still some moderates in their.

>> has president obama pulled the party? >> he has pulled it to the left. it has suffered as a result. i think in the absence of proposals, they will not defect. the bloom was off with the president. democrats understand that supporting him is not a ticket to victory. >> in the likely event that you would advise republicans, go down the path. go to the right wing and say we want lower taxes. you will give them to us. >> i would take the proposal for comprehensive tax reform.

rough form of small business taxes on the so called s corporations. two drinks and one less. i have done it every year since i worked for bill clinton. stuart: do not miss it. special state of the union coverage. you know, it takes a rare talent to make this speech interesting. more controversial comments from pope francis. you will not believe what he is telling catholics not to do. first, tiger woods surprising his girlfriend. she won her 63rd world cup race.

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>> down 100 points virtually. the news this morning is not so much in stocks, but the price of gold. as for oil now we come back a little bit on a whale.

delta airlines. up the. it expects more than $2 billion worth of fuel savings. delta is up another 4%. pope francis au over initially confirmed his trip to the u.s. in september. yes, he is coming. today, he is making headlines about what he said for birth control. no birth control for catholics.

you do not have to make child after child. what he was talking about is he is against that ideological colonization of the developing world. he was taking that concept. you are right to bring up pope john. note to birth control. essentially, it would lead to the justification of women. they found that birth control was not evil. it was an ongoing controversy. >> no, you catholics may not do birth control.

this pope is bringing up a lot of things. his commission. this current pope is bringing up again. listen, it will lead to the justification of women. practicing catholic. stuart: i am glad you got it right out there.

higher deductibles with those covered from employers. union labor said, boy this is full. strong words. calm on in, grace marie turner. is that the case? as we go into 2015, i get my insurance. >> you are. one of the reasons is a cadillac

tax. if your health plan cost more than $10,000 a year for an individual then everything on top of that is going to be taxed at 40%. employers have started preparing, already by trying to keep the cost of those plans below those caps so they do not trigger those taxes. you can see that through a higher deductible. stuart: if i get my health insurance from my employer odds are we will pay more. we will actually pay more up front. >> not only the mandates that are required by law. the employee or mandate. taxes for people that do not comply properly.

$180 billion for this cadillac tax. there is a number $100 billion tax over 10 years. all those taxes getting embedded it is a vicious cycle. >> another one. the find that ipay if i do not have healthcare. the find that i will be playing right now, i know what they are. what happened this time next year if i am saying, sorry, i do not have health insurance. >> this time next year the fine will be about $400. 1% of the income. for many people, that will be several hundred thousand

dollars. people start selling out their taxes this year. they will see many people that receive subsidies through the obamacare exchanges. they will have to pay it back. for many people, that will may be a tax bill. >> there are two changes being proposed for obamacare. i just want to get your response to both of them. the medical device tax. will it happen? >> i think that it may very well be repealed. very likely could get enough democrats to override a very likely presidential veto. >> the 40 hour week as opposed to the 30 hour week.

>> the real problem is that employee or mandate. i think it will be a harder one to get to a veto proof majority, stuart. stuart: we will see. thank you very much for joining us. a 5-year-old boy in england getting slapped with a no-show fee. we have details for you and just one moment. first, a programming note. we have a brand new series on the fox news network. focusing on some of the rather unusual things. strange inheritance appears next monday here on the fox business network. ♪.

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a lot up 1/3%, and 13 under dollars an ounce. and newman's mining leads the s&p 500 as a gold miner. the fifth anniversary of "varney

and company" on the fox business network. many stars send their messages to show their support. loved it. roll tape. >> congratulations from the five on five years, good luck and maybe 50 more going forward. good luck. >> 50. he is going to be did in 20. >> the thing about party is i thought we fought the british and airport keep the british all of our condition systems. stuart varney is a very smart guy and kind of urban with that little accent he has going on there. >> congratulations, hope you keep this show for as long as we remain on the phone. >> you and i have known each other for 40 years and an outrage you and i know every anniversary as something to celebrate. >> congratulations from all of us on fox and friend on the fifth anniversary of "varney and company". best of luck this year. >> i heard in the sixth year stuart varney will reveal that accent is fake and he was born in oklahoma. >> i'm sending a message five

years. i don't think he is that good. stuart: that is good. brian kilmeade will never be on the show again. that is all the support we received. listen to how bill hemmer and marvin wakulla took me to task on my accent. >> five years of cheerios. >> things like advertisements. >> we love stuart varney. bernard: i don't talk like that. i say aluminum. i see advertisement. don't i? >> you also said that they instead of methane gas. stuart: i corrected myself. the producer corrected me and i got it right. methane. i don't have that strong and accent. >> sound like the upper stairs of downtown abbey. it is not like you need subtitles like it is a bad scottish accent. stuart: i was not an aristocrat. and won't tell you what i was.

liz: a hard-working brit. stuart: now this. of 5-year-old boy in london came home from school with a $24 bill after missing his friend's birthday party. liz: this is letting the the internet. a lot of controversy about the heated reaction. he comes home with an invoice in his backpack. he was invited to a party i eat this family and the family said we are going to take you to ski in birthday party, the parents realized he had to see his grandparents that day but didn't have the phone number for the parents of the child who had a birthday party. doesn't show up so he comes home with an in voice. watch the headline of this invoice, one proud child's party no show fee. there is the invoice image for $24 to cover the cost of his attendance at the skiing results. stuart: do you think he should

have to the the $24 because he did not go to something he said he was going to go to? liz: not only does it set a bad example for the children but the fact that current fed too cheap to cover potential costs of the party, what if those parents didn't show up at the party. did they pay up? doubtful. this might be an amicable way for us to settle this. the internet is exploding. people are angry about this story. stuart: glad you raised it. stuart: you sound like before that. stuart: that is real cheap. even ice age sheep. cops. this is interesting. using a new radar device that lets them see through walls. they can look into your home. a search warrant needed for that. interesting question for judge andrew napolitano after the break.

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stuart: holding with-100 points for the dow jones industrial average. the price of oil holding around $46, $47 a barrel. national average for gas. keep coming down 205. would be $125 lower than a year

ago. and argentine prosecutor, and a terrorist attack has been found dead. literally about to do it it was a cover-up. >> alberta, not testimony basically saying the argentinian government was in secret back door dealings with iran and a trade deal. iran and hezbollah has been accused this of bombing but this is his accusation to create the iranian suspected get a trade deal. stuart: kirschner is accused by the prosecutor of covering up iran's involvement in that attack. deliberately to the advantage for argentina. suddenly the guy is dead with

the wind in his head. liz: he was about to testify, a bullet wound to the head. the door was locked the key was inside but there's a mystery around the circumstances leading up to his death. being talked about as a suicide but this is a story that will be out there for the courage their administration to deal with. and the one they're nearly bankrupt too. at least 50 law-enforcement agencies have secretly = their offices with radar devices that let them see to the walls of houses into anybody's house. judge andrew napolitano is here on this one and rightly so too. they need a search warrant to do that. judge napolitano: in their opinion they don't. i make their argument first. their argument is as long as we don't use evidence we gather from what we see through the walls in a criminal prosecution we are free to gather it. the fourth amendment doesn't

just gather criminal investigations but all government behavior. whenever the government intrude into privacy particularly in the privacy of the home, the word home is mentioned in the fourth amendment. traditionally, in the anglo-american tradition has been a place of great privacy. the accords have been particularly sensitive on that, but the police and their lawyers have developed this in serious argument nowhere grounded didn't america that the fourth amendment protect privacy when the evidence is used in a criminal prosecution. that is not so. let us your viewers go bonkers they can see through my wall, a can't see through the walls. it is a heat detector. it is a sound emitter similar to looking for a studded behind sheet rock that your carpenter may have.

it sends sound waves in an sound waves come back. on the screen on this radar device, they would not see your hands and face with the stripes on your beautiful tie. we would just see a shadow. an image of something returning the sound waves can deduce that that is a person. stuart: suppose it is a hostage situation. police have surrounded a house a bad guy as hostages. the police could use this radar device to find out which room in a house various people are. not looking for evidence in a court of law. judge napolitano: that is the stated purpose when they acquire this equipment. unfortunately that purpose goes away when they want to use it for other reasons. stuart: a fishing expedition. judge napolitano: constitution in our cities in writing in york is a tradition prohibits this. stuart: understand the time frame requirement that you have a hostage situation you need to know where the bad guys are. what is wrong with that? judge napolitano: i understand

-- in theory i would argue the constitution still applies because once you make that first exception you can see all the other exceptions going right down the slippery slope. he me on this. no legislative body authorized the purchase of these. this was done by cops and fbi agents for cops and fbi agents. of the government has a device that can see through the walls of your house, shouldn't our elected representatives be able to say yes or no? that is not what happened here. we are ahead cute about this when fbi agents mentioned it to somebody in a press. stuart: i am walking down the street and is house on the street, no front yard whatsoever, right on the street and they have a window. i am a police officer. i walk along and look through the window. do i require a search warrant to look through the window? judge napolitano: no, but the courts would save you own the house you have a duty to keep your shades drawn. because if your house is on the

road or the sidewalk and you don't keep the shades drawn you have no expectation of privacy on the inside of the window. you do keep the shades drawn the police cannot hear sit with their own eyes or a mechanical device. stuart: refresh my memory, long distance telephone lens from outside private property peeking through the windows of a private house, search warrant? judge napolitano: when done by the government yes. by private person -- paparrazzi no, they -- if you leave your shades drawn a paparrazzi coin. stuart: helicopters flying overhead, looks down, he seeking device, finds out of your growing marijuana. judge napolitano: right hon point. stuart: we covered a lot of turf. you agree with all this? i tell you what. i am glad we got people like you to defend true liberty according to the constitution. judge napolitano: sorry i wasn't here to congratulate you on your

fifth anniversary. you are the premier interpreter of economic forces. stuart: very kind. you want some more time? thank you very much. the next, the country thinks the economy is improving. we state that is thanks to cheap gas. will president obama take all the credit for this one? as sarah palin would say, you betcha. you just got a big bump in miles. so this is a great opportunity for an upgrade. sound good? great. because you're not you you're a whole airline... and it's not a ticket you're upgrading it's your entire operations, from domestic to international... which means you need help from a whole team of advisors. from workforce strategies to tech solutions and a thousand other things. so you call pwc. the right people to get the extraordinary done. ♪ ♪

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liz: stocks under pressure after starting the day in the green. the dow jones industrial average down 130 points, 17,381, a loss of 0.3%. the s&p 500 and nasdaq down 1/2%. johnson and johnson for the quarter sales that has been a big lagger. intel, merck, ibm also on the losing side. 3.1%. and gold is up $18.50 right now, 12911/4 ounce. they have been winners throughout the day. deeganmaker came out and said the man is looking pretty great and with that that stock is up

18.5%. more varney coming up.

stuart: new polls out on the economy including this one. 50% say they saw a real economic improvement in 2014, in a wall street journal nbc poll. coming in from washington,

washington review. listen, this is not a poll about approval of president obama's performance. this is a poll about what people saw in 2014 to make them feel there was an improvement and i say lower gas prices. i am sure the president will take the credit. >> he will. that will be the focus of his state of the union tonight. he will say the economy is doing better and here are plans we need to look at to make sure it keeps doing better and keeps improving for the middle class. a big part of why the general public is more optimistic about the economy is something like that. look at the drop in gas prices and the decline in unemployment, maybe things are on the up. none of them actually say everyone thinks of the economy as doing particularly well just saying general american public is more optimistic than they have been in the past. politically it would be a mistake for the obama administration not to capitalize on that sentiment and take the

credit for that public optimism. stuart: i want your sense of where the country is. the president is going to state tax the rich and we will help the middle class. how many people believe taxing the rich does raise up the middle class? >> that is the thing that will be interesting to see you look at this:in the majority of american say we think the economy is on the way toward being better but these polls don't think washington is responsible for it, either republicans or democrats so that is the challenge the administration has, convincing people to feel more optimistic about the economy that is because of washington most people are looking at washington in general and saying it is a dysfunctional that is not working and they may think the economy is swinging upward but they don't think washington gets the credit for it. stuart: i don't think any of the president's proposals will make it through congress, do you? >> i would be surprised to see the majority of the maker. the only one he has announced so far which the state of the union is interesting and has laid out

so many proposals over the last few weeks seems to be cybersecurity. when you look at the big tax reform plan, republican this, i spoke to a stop senate staffer about this and they said there's zero interest among republicans to increase taxes and they look at capital gains tax going up and no way this is a nonstarter and i think they will hold to that position particularly in this time around and absolutely no appetite to increase taxes. stuart: thanks for joining us, see you again real soon. let's head to davos in switzerland for the world economic forum where we have liz claman. you have a tough task. how are you going to make an elitist talkfest major junket how will you make that relevant and interesting? liz: you know i am a magician here. welcome to davos, switzerland

this is the main road going through the swiss alps town where today, 2500 of the participants or is you call them elitists, have arrived. listen to this lineup, 45 heads of state including germany france new zealand, 14 nobel laureates, nine e.u. commission is trying to solve the world's biggest problem is. one of their biggest problems is the franc, the swiss franc they're facing. let's go up there. i will show you the prices so you can get a sense how this is very much a big topic of what everyone is talking about. a big tourist destination. come on in and i will show you the things that setting that, here it is i cowbell that will set you back 1 for didn't in dollars for all your livestock. a won't call you chief. i will see from the the the don't want to spend that much. this little sets, $54. this is a must have.

you need is for your producer. the cow on skis. that will set you back $102. i know that you have grandchildren so i pick this out for them. you won't be having. this will set you back $90 but who cares about that? is the lineup tomorrow. let's show you the people we have starting at 3:00 p.m. eastern. tony blair, former u.k. prime minister will react to president obama's state of the union speech is big on did global terrorism and we have some important world the fiers, sweden, finland new zealand they are speaking right there. we also have -- stuart: we have a problem with the audio. it is breaking up but you can see the lineup. starts at 3:00 p.m. eastern on

the fox business network. starting tomorrow, thanks. google close to investing one billion dollars in elon musk's spacex, part of the plan to bring internet and google to every corner of the planet. we have details after this.

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50 but look at google up a tiny fraction. here is a story on google. the company is about to invest $1 billion into x -- spacex $1 billion, they are the ones who just launch that reusable rocket to resupply the space station. bring in space.com for more on this. will put $1 billion in tuesday's x subsidizing satellite spacex is launching and i take it google well put internet all

over the world. >> spacex wants to get into satellite building and google wants at led internet, to blanket the planet places that too reno's to wire up physically on the ground or places that want to bring the internet to them and once you get the internet you get a google service. stuart: that is not a bad investment. sounds like a lot of money and the entire confidence. >> spacex has this plan working in the last five years or so and very accessible time frame and then they get the satellite for with google. stuart: the internet service if i got it, i am in the middle of the sahara desert i get my google into that service. willoughby superfast,

conventional stuff that google is building, in chattanooga, tenn.. >> something that is not an acceptable to your average user. like directv does with the satellite. and exploring it with high-altitude balloons, and -- liz: to research drones to do this. stuart: thanks very much. new at noon, congressman darrell issa is here. he lead the charge against lois lerner and the irs targeting scandal. they flat out disappeared. or 13,000 financial advisors who say thank you? it's why edward jones is the big company that doesn't act that way.

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sorry for the irs. there but that has been cut. the post editorial says this is deeply irrational and the most recent budget cuts should be reversed. i don't know about you but i am not inclined to go along with this. the tax collector has a job to do end needs money to do it but the tax collectors must be non political. they -- the irs under president obama is anything but non-political. the fact is they harassed conservatives during the 2012 presidential campaign. the machinery of government was used to attack the president's opponents. that is a disgrace. of the irs admitted what it had done i would be satisfied but why our officials stonewalled, and it was too lost. i don't feel sorry for the irs waiting for the truth.

darrell issa, the man who led the irs probe. ♪ congressman darrell issa is with us. welcome to the program. very good to have you on board today. i got to say in my opinion the scandal has flat out come and gone. seems like the administration won this one. what happened? >> the information coming in. my replacement, chairman jason chase fits is going to be getting over 60,000 pages of e-mails from lois lerner. russell george uncovered looking at backups looking for that data. it was found in massive amounts. paul ryan the chairman of the ways and means committee already

has some of that because he received an redacted for personal information. the scandal is still there, the reality is less lerner still lied to congress and took the fifth and the president and his henchman are clearly culpable and our report said so but as you know tonight the president is going to speak at the state of the union and i doubt he will mention that part. he will mention higher taxes. stuart: lot of people want to know was there a connection between what the irs was doing with conservatives and contact with the white house on the reelection campaign. that is the link everyone is looking for. if you have already got some of these e-mails and congressman ryan has seen these e-mails, any results from what you have seen so far? >> two links you confine our very much in evidence. one is democratic members of the house and senate when they were in the majority were constantly

writing and asking for this kind of harsh treatment which they got. additionally lois lerner worked closely with two commissionaires we held a irresponsible for being part of the problem and making false or misleading statements to congress and visited the white house many times. stuart: when do you think we might get conclusive answers, and viewers are impatient about this. when will we get an answer? >> great question and just like fast and furious this is likely to be tied up in courts after we get the documents we can get through other means. you may remember fast and furious got quiet because we have been in federal court with the judge who has taken longer at the district court level to make decisions and has not completed her work than it took to get from the break-in at watergate to the president

resigned. the court's move sleaze these days and quite frankly it is frustrating for those of us who believe these kinds of questions should be answered quickly and honestly by an administration that promise to be the most transparent in history. stuart: as things stand, a lot of people say the administration won by keeping it quiet and bottling it up for a period of years literally years almost three years they won. what is your answer? >> they had been open and transparent and made the changes we probably wouldn't have the house and senate republican hands. it was their hubris that caused the voters not to trust this administration and the overwhelmingly for republicans in both houses of congress so although i don't like it we are not a parliamentary system. when we have divided government we work well and that is what we have now thanks to the voters. stuart: i take it you are going to be there tonight watching the state of the union address, you will be there i am sure. the president will make various

proposals to raise taxes and spend more money. have any of his proposals the chance of getting through the republican congress? any of them? >> he had his chance and took it raised our taxes in all possible areas including taxing medical devices. the expanded government by the greatest amount since fdr and did that with democratic control of the house and senate. won't get to do this. he certainly when he is screaming sequestration and cutting off funding men and women in uniform is certainly not likely to have a tax increase that doesn't reinforce the basics and is not talking about, he is talking and as a former pri you appreciate this, talking about nationalizing community college system. that is what he says when he says in washington, pay for unlimited free two year post high school education. that is nationalizing a major

part of the education system and something that clearly the state should be very weary of. stuart: where do you stand politically? are you in the moderate camp, that wants to accommodate the discussion or are you in the other camp which wants to go right at the president and challenge him? there are two camps you know there are two camps. which one are you win? >> i clearly believe the president has overreached and done things that are outside the constitutional authority. i often consider myself in many ways a fairly moderate member. i will work with the president, i will make compromise where i can but this president is not seeking compromise. he has used executive orders when he didn't have constitutional authority. put me in the cab of absolute hard-liners, over my dead and bleeding body will this president -- that elections don't have consequences. elections do have consequences. the republicans won you lost

time for you to come to the table with concessions including the keystone pipeline including serious tax reform, not tax increases and cuts in government, not just cuts to our military. stuart: that is what the viewers wanted. over my dead and bleeding body. that is the expression we wanted. very glad you could come on the show today appreciate you being here. check the big board. we are 135 points at 17-3. price of oil very important these days, down nearly $2, $46.77. national gallon gas $2.05. half the country saving big money, 25 states are in the $1 club where the average is below $2 a gallon. this is the bit i like most. the cheapest gas in the land. how much is it?

$1.38 in texas? i don't know why -- >> that is really a drop. stuart: the station sells me $1 aghast for $0.99 a. stuart: he is in new jersey too. >> $0.99. stuart: deltona, whether it is cheap oil, cheap and jet fuel. >> it is going forward of 4.5%. this has been a stellar performance for three years gained 84%. this is the story on the oil. what happened in the latest quarter, going forward, they said they expect more than $2 billion in fuel savings this year over 2014, they also have a

refinery in philadelphia. that were positive comments in the before cast. stuart: thank you very much. that is the market, dealt with that. seth rogan comparing the movie americans sniper to a nazi propaganda film. quote i just said something kinder, reminded me of something else. i actually liked american sniper. it reminded me of the tarantino seen. i wasn't comparing the two. big difference between comparing and reminding, apple's reminds me of oranges but can't compare them. lou dobbs is here. there is a transition. >> if you pull that off, seth rogan can pull up -- just be reminded wasn't comparing. stuart: we made a big deal about this. the reaction from michael more

and seth rogan to the american sniper movie. what is going on here? lou: they are still the people. michael moore hasn't been taken seriously -- the increased? one of my angry about? i get angry about things that count. seth rogan -- i don't know what is going on with my voice but i apologize. seth rogan is just -- he is a silly guy. team makes slacker movies, pop movies, somewhere some don't, they are all low budget. maybe a veil of green smoke. he made the interview that he is a geopolitical experts. stuart: when he is doing is highlighting the problem which democrats and the left have with the military. they are not comfortable with the military. lou: to hell with them. the military makes impossible. if they can't figure it all out,

that is their problem, not ours. >> seth rogan first compared the sniper in the movie to the snake -- fake sniper not the sniper. lou: with great courage the fended intellectually his positive viewpoint. liz: then he blamed the media for having a slow media day and blowing it out of proportion. stuart: we're of the same generation. lou: url little ahead of me. stuart: we are about even. we remember the vietnam days, the attitude towards the military -- lou: i think is exactly the same. you have a bunch of silly, uneducated, show business loonies on the left for

criticizing the military and -- stuart: they run in the 60s and 70s. lou: i don't know that they won but i do know this. the same people in the same location. this is not the intellectual capital of the country. stuart: has a lot of clout. lou: he might have clout but u.s. multinationals have a lot of clout. they are not more successful in their world view than hollywood. it is where we meet in the middle around the middle class or fundamental values and those who represent those values look for a vision. not seth rogan or tom donahue at the chamber of commerce. stuart: just choked that the right in there. last one. if you looked at middle america is it still true to say middle

america is right of center? slightly right of center publicly? lou: no question because our middleclass is where the american dream reside so. to believe and treasure the american dream you have to believe in free enterprise capitalism, you got to believe in this constitutional republic and you got to have i think a great deal of optimism about this country right now because our middleclass is under russell by the left and the right and to hell with both extremes. stuart: by the way thank you for that very nice testimonial on our anniversary we appreciate that. lou: is heartfelt and much deserved by you. stuart: lou dobbs, thank you very much. new at noon, steve forbes joins us for the rest of the hour. does he want republicans to push ahead with their agenda. democrats be damned? or is it time to stop the fighting and start compromising with the left, can't believe you would state that. expensive jewelry right here on set. of $32,000 diamond ring but there is a catch.

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stuart: now look who has joined us on "varney and company". his name is steve forbes, he is edf editor-in-chief at forbes. that is the correct title? >> forbes media. stuart: time to tell us where you stand within the gop, within the conservative movement. are you on the ted cruz side? cut taxes, doing now. let's be moderate, play the game and go along. >> i am on my side which is the taxpayers' side. you push a good radical tax

plan, radical tax simplification, what they started his due late next year. they take a bit of both. but putting something firm on the table especially going for radical tax increases. stuart: a cruise column. if you are saying radical -- >> ronald reagan and ted cruz, that is great. "imus in the morning" when you are on that side of the kids. >> i'm on the side of putting something good on the table setting stage for 2016 because this president does not today is not interested in an agreement and you have to push a lot of things, a keystone pipeline, saving the internet, a lot of good stuff. how about repealing obamacare and getting rid of the mandate, the employer mandate getting rid of the medical tax device tax, medical device tax, a lot of democrats -- stuart: -- i am --

>> going for substance. stuart: i'm with you, pressing the point. do you believe that a moderate republican and by that i mean maybe jeb bush, could not win in. i you saying that? >> these candidates haven't defined themselves yet. ted cruz -- stuart: won't be a radical tax cut. >> they said that about ronald reagan in 1976 when he first ran pointing that he raise taxes as governor of california. two years later he had 30% across-the-board tax cut. i want to see these guys put on the table. say no a mitt romney approach of 59 different things is not going to work. mitt romney had a 59 point proposal, pointed out moses only had 10, so they have to come up with something substantive. if they don't they won't win. the party wants real substantive

reagan pro-growth approach. good foreign policy. stuart: you agreed to stay with us the next 45 minutes. are you still agreement to do that, will you stay? i am going to press you. thanks a lot. supporters of the gas tax, the back -- the gas tax increase so that it will provide money for road and bridges. some new numbers, about 40% of the revenue goes someplace else other than roads and bridges. jeff flock, i believe he is stuck on a bumpy interstate 94 outside chesterton, indiana. you are going to tell us where does the money go? jeff: first of all i am going to make you mad because i will make a case for the gas tax. i am on a bumpy road. look outside this vehicle, interstate 94. there are a lot of potholes on this road. we need help out here. you are absolutely right. latest numbers on fiscal year 2014, 40% of the gas tax didn't go to repair roads and bridges.

$5 billion from mass-transit. the theory being if you take cars off the road, you do damage out there, that makes sense. the problem is that is not fixing roads out here. that is why if you look at the shot outside the vehicle we see all kinds of bumpy this going on. i spent a lot of time on interstates and the gas tax is $0.18 federal tax hasn't increased since 1993 and if you look at different states, there is a lot more local and state taxes on gasoline and federal taxes. your state of new jersey is actually a great place to be that is pretty cheap but a lot of other states like a lot of -- stuart: good numbers. thank you very much. that is very interesting. they want to raise the gas tax to pay for road and bridges, we will remember where the money actually goes. google hoping $1 billion investment in spacex will help from beam the internet to the far corners of the global.

is google stock a buy? we ask that question every day. find out next.

stuart: a story on google today in the invest big bucks in elon musk's spacex. they want to launch satellites to bring internet to remote corners of the globe. good idea? michael robinson in san francisco, this is gee with stuffed. i don't think it affects their bottom line in the immediate future but it might be something big down the road. is it big enough to make you buy the stock? >> yes. i believe google is one of these companies that you need to be a patient long term investor. this is an exciting development for them. talk about the growth of the internet this is consistent with google's core values, this isn't a one off. bayside billion dollar lease with nasa for 60 years and they will do space exploration technology robotics and so forth but this makes a lot of sense, the largest provider of online search it is a great fit

with states -- spacex. stuart: do lower raises money from internet online advertising budget wars and a ton of money, has relatively low cost structure sell its can invest in peripheral technologies. it seems to have its hand in just about everything, doesn't it? >> they are building the conglomerate of the future, warren buffett is kind of their guru as it were and they are involved in like extension, joint-venture in san francisco company that i referred to as calico. they also have reoccur is while as director --ray kurzweil. they are looking long term. this is a good investment for people, if you have to be patient for the next year they are doing this buildup. stuart: it is $510 a share now. where do you see it going realistically in the longer

term? now. >> three years out of him up probably around $750 a share. stuart: well done, young man. >> thank you. stuart: this is the question that was asked. transporting oil from canada to refineries in the united states. do you not know enough about this? >> steve forbes. interesting way that they phrased the question.

>> pipeline. good moving energy. world economies. that sort of thing. do you know enough about it? they may be about to trip me up. otherwise, people have an opinion on everything. stuart: all we will do is export it someplace else and we do not hit the benefit. >> we can do more exploration. that is a good thing. having a market where you can sell the stuff. >> one of those instances. >> like saying i live in new york, i should not sell to new

jersey. >> the senate could override that veto, you think? >> it will be tough. they will put real pressure. only a handful of democrats coming up for reelection next year. it will be tough to ride the veto. the unions, the trade unions are all for it. have been for years. i will veto the republicans. we better not pass it. it will not work. put them in the hot seat for once. not going to happen this time. >> a lot more on the show coming up. staying in the big cities. they are not buying homes. they are delaying buying.

her main cane is here. will he be watching the state of the union address? we will ask him. ♪

>> we are down 120 points for the dow jones industrial

average. gold getting close to $1300 an ounce. oil. not much has changed today. a new study done by the brookings institution. a leftist organization. more millennial's not moving away from six cities. they are staying put. they just do not have the money or job security to move away, the cities. okay. they have this study. >> they live in three big cities. before that, 50,000 plus every year. that is not happening anymore. they feel confident, or more

confidence. better process of getting a job. keeping a job and a b keeping a higher salary. stuart: does this affect the purchase of homes? >> it is changing demographics. now, we are talking about the biggest. >> they have a huge impact on what we want. >> now, where we live. if you stay in a big city, you will have a better chance of being successful? >> no. you were looking rather equivocal. a brookings institution says that they are. the mac the fact of the matter

is, i think you see much more mobility if you had an economy that was moving ahead. you have a credit market that is dysfunctional. a lot of people will stay put. stuart: shortly. herman cain is with us. come on in, herman. i have to go right at it. what side of the gop are you on? >> go along. play along. which side is her main cane on?

>> i am on the side of the american people. i asked the same question to steve forbes. on. [laughter] >> they have different styles. they have different approaches. they have a messaging problem. they want to do things for the american people. he has a tendency to sound a bit more conservative. in the end, i am on the side of the american people. stuart: that is a very easy thing to say.

>> it depends upon how the message is shaped. what is at the core of the policy? >> it should be replace the tax code or do some dramatic changes and get some of the low hanging fruit that would boost this economy. my biggest criticism is that they are not aggressive enough. ted cruz's more aggressive. the party replace the tax code. we need to go ahead with the keystone pipeline. it should be up and running by now. if we have a robust growing

economy, it would solve a whole lot of problems, with respect to what is happening with millennial's, it'll class and families in this country. stuart: will you stay up and watch all the weight through the state of the union message? [laughter] >> i will try. stuart: that is an honest answer. i like that one. viewership has been going down on the president's state of the union address. there is a reason for that. people have heard promises that he cannot deliver on. i believe that tonight we will get more overstatement of the so-called recovery and we will get more let's raise taxes and

more let's give away free stuff geared people are tired about hearing that. herman cain, everybody. tonight, by the way, state of the union of rich. neil cavuto will make it interesting. 8:00 p.m. eastern time. check this out. you can only get these pieces online. would you spend tens of thousands of dollars on a diamond ring you cannot try on? that is next. ♪

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help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. ♪ >> the dow jones industrial average is two the downside. session lows had been higher earlier in the day. the s&p is down eight. take a look at some of that energy laggards. apache to the downside. this is really under pressure. the stock is down nearly 17%

today. according to many sources, they will begin layoffs. ♪

stuart: oil is the key market these days. look at this. floating just off shore.

sitting idle. looks like the speculators are waiting. let's bring the speculator on to the show. scott coming out of chicago. dennis: if the price of oil was going straight up -- nobody mentions speculation. the mac we are not producing enough of something. they serve an actual economic function that the rest of the market really does not like to take a look at. stuart: okay. the price of oil would in deed drop below $40 a barrel.

>> i still think that we will make a run at that number in see where we go from there. there is a lot of polish news out there. all it tells me is that there really is not that much demand for it. >> all right. thank you very much, indeed. an online retailer with very high quality. it is a 10 year old company. we are joined by the president and cofounder. >> a beautiful day. you sell online high-quality expensive jewelry.

you have $832,000 blue ring diamond. can i hold it? >> absolutely. if i were to buy that, i cannot touch it and feel it. i have to trust you it is worth $32,000. >> no doubt about it. you are also a side a sales representative to you. we always have our best accounts, our best client. they get to know you and what your likes and desires are. >> there has to be a certain degree. >> sure. you can get an appraisal on a product very easily.

appraisals should be at least twice. stuart: $32,000. $25,000. >> it was really made in the 1970s. today, it will cost at least $60,000. you have to develop that trust. stuart: making them trust they are getting what they are getting. basically, with us, if you do not like the product you can send it back to us for a full refund. at the end of the day you can

get on the really high in stuff. you can get a gia certificate. stuart: food niall is somewhat downmarket. >> 90% of their business. we do a lot of business. a lot more exotic stones. i love this stuff. i get to travel all over the world. we buy over 1 million carats. stuart: there is a statement. online jewelers. thank you very much, indeed. fox business has a new show starting on monday.

it is called strange inheritance. monday night. 9:00 p.m. eastern. charlie gasparino living the high life. i want to know how much company money he is spending out there. i see his expense account. it is outrageous. ♪

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stuart: we will take you to switzerland where charlie casper reynaud is standing by. it is not the nature. >> they got that wrong. i want you to explain to me. go. >> first off -- [laughter] >> i have a reputation. very nice steak last night. i just want you to know, my

expense account is much more than whatever you put up there. i will give you two themes here as i am walking around. very much heightened security because of the terrorist situation. a lot more security around here. a lot more swiss guards. this is the sad part of this. this should be called the world state economic for him. there is a lot of talk about economic problems around the world. the policies that are being established they are very much. ultimately, that will change as the week goes on.

the chance to run into him they are capitalist. this is being dominated by the same old same old. stuart: well said, charlie. thank you very much, charlie. you will be checking in later today. there you go. [laughter] stuart: there you are talking. she totals. time is up. more varney after this. ♪

stuart: steve forbes. dow -- you say? >> it is in europe. that is why i am going tonight to join charlie.

stuart: you are going tonight? >> yes. stuart: time is up. deirdre bolton, time is yours. deirdre: thank you, stuart. i will take it. facebook says it is more than just a social network. it claims a global economic effect and jobs creation in the million. looking to india to get them. after president obama's state of the union address, he will not be interviewed by major cable networks. the media strategy -- the former chairman ceo of the yes