we see the new moves for economic strength. people expect growth of 1% in the euro zone in the coming year. dow industrials up 145 points please double duet for "the opening bell" and have a great day time for "varney and company". have a great show. stuart: could obama economic on full display and middle america won't like it. the president says you help the middle class by taxing the rich. look at this. a slew of layoffs by big corporations, will played middle-class jobs gone. save money for college, save for the children when you pass, you've done the right thing but the president will tax you more take some of that money and obama's shining example of government help for the middle-class rebecca is a plant, the democrat staffer who. did they think we wouldn't find out. they are printing big money in europe. "varney and company" is about to

begin. ♪ stuart: that is a rally because the europeans are going to bring to 60 billion euros each and every month and investors think that is good for america. up goes the down 145 points, we are at 70, almost 17-7. to obamanomics. american express will cut more than 4,000 jobs this year after reporting higher expenses. maybe obamacare, maybe dodd-frank had something to do with that. american express stock is down 4%. middle-class jobs are gone. ebay is a progressive company, 2400 jobs, the stock on that news up 4%. guess who is here? it is thursday. monica crowley, washington time on my opinion editor, fox news

contributor. how about this. tax the wealthy, give freebies to the middle class. i don't think that is working. >> a column in the washington times called me the new obama same as the obama. nobody should be surprised by what he laid out. he has never changed his ideological to and liz this is to eat is, i committed leftist committed to radical wealth redistribution. stuart: he doesn't care whether it works or not. what he's doing is sure the buying votes with your money. that is what is going on. >> ideologues never carried it actually works or is pragmatic and its effect they don't care. it is all ideology all the time. this is about waging a war on the rich. stuart: will it when publicly? 2016 laid the groundwork for what the democrat party is in 2016, is that going to win? >> it has been successful in 2008 and 2012 but the coalition obama bills is unique to him.

i don't think it translates to hillary clinton or anyone else. he is a very unique figure. whether he has change the composition of the democratic party may be an outstanding question. the party's more radical and left and it has ever been in the past but the question is did the american people embrace that populism or do they reject it? what you saw in 2010, 2014 off your elections they have resoundingly rejected that. stuart: there was a low turnout especially in 2014 last year, lower turn out. democrats are banking on lots of people turning out in 16 getting back their majority. >> except democrats come on the same level of support by their constituencies and minorities that came out for obama in 2008 and 12? i don't think so. stuart: are you saying the left losing 16 and the republicans win depending on that? >> i hope so but i think a big outstanding question is whether obama and radical left and so changed the character of this

nation in terms of expectations and the relationship between government and citizens that they will succeed. i hope not but i still feel that is an outstanding question. stuart: senator orrin hatch will join us at the top of the next hour. president obama is engaging in class warfare. being born and raised in england, we have numbers to back up the suggestions that president obama has indeed fundamentally changed the nature of american society. top of the next hour. totally different subject. domino's is a stock. they don't just make pizza. is a stock. they say it is impossible to imply with the new obamacare regulation that forces restaurant chains to display calory information. domino's says the biggest problem is that the expanded definition of a menu, that is their problem. obamacare says a menu includes flyers, newspapers or a sign in

the window, not to mention all the combinations of pizza toppings that runs into the millions. the obama team is saying businesses, tell us the calories and if you don't, you are a wicked. >> i really hit the calorie count because it is the joy buzzer, you're going to arrest drug serving and you see the hamburger 900 calories. more important i hated the fact the nanny state is in my hamburger. i hate the fact than any state is in my pizza. government has no business in this. a key argument we are trying to do what is best, you should know how much fat and calories you are consuming. that is my responsibility. it is not the government have responsibility to force -- stuart: it is a fair argument to say to business why don't you tell people exactly it -- >> that is different. if you want to encourage businesses to do that for public health reasons okay, i still don't think the government should be doing it but that is the case. to use the coercive power of

government to regulation in obamacare to force them to do that is outrageous. stuart: you just need an army of lawyers to protect yourself. going to stay for the hour. the obama administration, the obama team is releasing $11.9 billion in previously frozen cash assets releasing that money to iran. they will do this by the end of june when the nuclear talks the scheduled to end. senator robert menendez, democrat new jersey, is criticizing the administration over that. >> iran is clearly taking steps that can only be interpreted as provocative yet the administration appears willing to excuse away any connection between these developments and signs of iran's bad faith and negotiations. >> i have to be honest with you. the more i hear from the administration, the more it sounds like talking points that come out of tehran. stuart: look who is here.

colonel ralph peters not joining us from d.c.. the man is sitting next to me in new york. place to have you with us. how can we compete? stuart: i think the obama administration wants to accommodate, allow iran to get a new college i think that is the way they are going. i think that is a terrible thing is what say you? >> i think obama is the desperate for deals in and at canary legacies that he is willfully ignoring the fundamentals on the ground in the middle east. giving almost 12 billion or releasing almost 12 million iranian assets back to tehran is the least of it. that is the small change to the strategic bills we are going to be paying down the road. stuart: what else is he doing that accommodate iran as opposed to confronts iran? >> in iraq he is using the u.s. air force to support ground operations.

we don't have good on the ground. the iranians do. the republicans are guilty of this as well. they think short-term and they think in pieces. there's a crisis in yemen. they don't know how the crisis in yemen relates to syria and what we are seeing now is something remarkable and frightening and will haunt us for a long time and that is the re-emergence of the old empire. remember the end of history? history is back with a vicious vengeance. the trifecta is iran first, we are on the way to see a new reborn classical persian empire with nukes as you see iran, they are active in yemen they will try to grab bahrain, supporting us awed in syria, influential in lebanon through hezbollah, even reaching as far as argentina with their special agents and obama can't put it together. stuart: back to the iranian news. i think the president will allow

them to get one. you agree with that? >> i do. stuart: that is horrifying to lose the iranians with a new? that is an appalling thing. >> this president doesn't think in strategic terms. he has a chip on his shoulder about is real. i don't care what anybody thinks. i believe if israel disappeared tomorrow obama would sigh with relief. he has a hard left idea that israel is the only oppressor in the middle east. the palestinian terrorists are freedom fighters of some sort but he is not willing to look at the persian empire, the other empire or the others. the caliphate is back. it is 1300 years old. stuart: tilting towards islam. that is what you're saying. >> he is not tilting towards islam. he has long ago tilted towards islam. it is such a model with this president. he can't force himself out. as a child he saw islam at its

most liz:. it is a mix of blues some and he believes they are the oppressed. they are yearning for freedom against the imperialists west in israel. you have this model in his head, never paid attention to history and right now he doesn't care about is row, barely cares about america's security, only to the point to get through 2016 and has the persian empire with nukes, the caliphate is reeling on the ground, and let us not forget brother vladimir putin, our president dismissed our right in his state of the union address, vladimir putin will be there long after obama has been consigned to the ash heap of history. just yesterday the russian media were floating a trial balloon, nato ally estonia becoming the next ukraine.

stuart: that was yesterday. >> one of your favorite papers. stuart: the opposition. the other guys, the bad guys, our rivals are flat out enemies. they are rising, we are retreating. that is how you see things. >> we have retreated. stuart: where is this going? where is this going? you see an armed confrontation between the hours of the middle east and to us and the west? >> the good news is they will get busy killing each other very soon. the arabs, the persians are back now. they are doing that. there are so many layers of this conflict, shia sunni, persian versus -- they look down and noses at the arabs the way the white did blacks in alabama in 1920. a lot of these alliances are alliances of convenience but what we will see is continued turbulence hamas continued terrorism directed toward the

west and iran if it does get nukes and they are well on the way as obama just talks himself to death, if they have nukes they are the regimen of the persian gulf and despite low remarkable resurgence in american energy exploration and delivery nonetheless the persian gulf is the cockpit for most of the world on oil supplies. stuart: always start the day on the solid know the dow is up 150 points. we step into new york. >> the dow going up is president obama. he did that. stuart: it was a low form of which and you know that. anytime you in new york use it in that chair, would you please? thank you very much. it is the story so many are still talking about. even the. the patriots using deflated football. coach bill belichick in his traditional style denying any involvement. we will cover it. look at this. >> i came in monday morning i

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stuart: we are up 100 points pulling back from the 150 point gain we had earlier but we are up triple digits. the price of gold is at $1,300 an ounce. the price of oil staying in that narrow trading range $47 a barrel. national average for gas is $2 in $0.04 a gallon, down just a half cent overnight. we may break below $2 as a nationwide average by monday. watch out. that will be fantastic. fox news now reporting jeb bush and mitt romney will meet today. they will meet today in utah. jeb bush set this up. both are considering a 2016 run,

are they not? monica crowley is with us. what are they to? >> a lot of people were surprised when it romney said he was considering running for president. now you have this twist to the story. the establishment basket of candidates for the gop nomination would include jeb bush, mitt romney and chris christie. i think romney and bush are the biggest of those three so to have the secret meeting in utah on ronny after very interesting. it might be the two of them are trying to negotiate a cease-fire, maybe jeb is trying to lean on romney don't do this again and show your support to me because they are afraid the donor cards will be split, money and support will be split, the money establishment folks can't have that because now they are saying to themselves we try to neutralize each other and it will let somebody made from the conservative wing of the party, say ted cruz, grab the nomination. stuart: jeb bush would really want romney to drop out now.

that is what you would really want. >> that would be the ideal situation. hillary clinton and elizabeth warren had a walk in georgetown several months ago. i am sure that conversation with hillary saying to her please don't run. i will give you whatever job you want in my administration. may be the same kind of conversation is happening here. stuart: you are probably right on that. >> may be mitt romney in a jeb bush administration would be secretary of treasury or whatever job he would like. stuart: interesting piece of speculation. by the way, four time nascar champion jeff gordon will step away from full time racing after this season. gordon has been driving 23 years, he is tied for third place on the all-time win list, 92 victories, but he will remain heavily involved in racing. to the super bowl, we got to cover it, deflategate. the patriots are 1 point favorites, the line opened with

seattle and 2.5 point favorites. coming jack ma, gambling and gaining and whatever, he joined us now. how did they get the line so wrong in the beginning? explained that to someone who knows very little about gambling or football? >> seattle was a teen people like all your especially at the end of the year and a new england came on at the end so they open and and to.5, it was based on what they thought people would bet but new england with their recent success and a lot of models that new england out, a better team than seattle. it got down quickly. it is not a big deal because there are a lot more money wage in the last weekend have and in the first opening couple hours. stuart: patriots coach bill belichick denied knowledge of this deflategate at the news conference this morning. do you think it affects how people are betting? >> no. i don't think it will have any impact.

i don't expect any suspensions to happen before the super bowl. they may happen next year but i don't expect those. stuart: you are patriots and. last time you were on the show, you appeared in the patriots' jersey. you are such a fan of one of the teens in the superbowl. does that affect how you bet? >> no. it can. like if you are a professional gambler or someone who believes in analytics and things like that you can't let personal feelings are fandom affect how you are betting. you are betting with the numbers and analytics and not your heart. otherwise you would be bankrupt. stuart: what do the analytics say? >> the analytics a game should be even. there's no real ledge one way or the other at this point. you have to look more at the other options. right now the line is pretty good and even.

stuart: what bent would you make right now? >> i would take the under right now. there are 40 points the under is good value. these are two teams with the defenses the general perception is to burbles have a lot of high score but this one may be more low scoring than normal. stuart: could be a good game if as you say evenly matched. for the viewer, that is good news, not necessarily for the gambler but good news. >> absolutely. a really good game. stuart: are you banned from casinos? >> i am not bent. i can't play blackjack anywhere unfortunately. would use is there to going to casinos in i can play blackjack. stuart: that is your game. what do you do now? >> when i go to casinos or with my life? stuart: free to questions. what do you do when you go to casinos? >> if i get to casinos i hang out at my friend's house and play a little craps, maybe stand

behind them. i try to help them win. >> that is your analytical brain kicking in. what do you do in your life? >> i work on using analytics to try to help better manage and improve performance and work force. stuart: you need millions of dollars counting cards in vegas. that was you. the m.i.t. gained. the m.i.t. gained. >> absolutely. stuart: it is great to have you back commenting on the superbowl. you can come again anytime you like. thank you very much. i do have some dramatic video to show you. this is a huge fire last night, luxury apartment complex. look at that. letter apartment complex in new jersey. a state of emergency was declared. we will have something to tell you after this. that video is dramatic indeed. later this hour with the judge the fed say no civil rights charges will be filed against the ferguson police officer who

shot and killed michael brown. not enough evidence, they say. the judge on that in a moment.

stuart: i have a big name that maybe you use to know. land an end got a disappointing forecast. holiday sales of cold weather items not what they used to be.

the stock is down 21%. now this. massive fire destroyed a luxury apartment complex in edgewater, new jersey. it started yesterday afternoon. they worked throughout the night to put it out. 400 people evacuated. no serious injuries. a local celebrity new york yankees radio announcer john sterling, among those evacuated. dennismac from the fire could be seen as far as long island, there is ash drifting of a manhattan. we thought was snow. was bash. lot of people on the team who live in manhattan were woken up by the smell of the fire in new jersey. quite a long way away. what a il re. that was spectacular. tragic too. a new survey from the national association of homebuilders found 66% two thirds of millennials would prefer to live in a house in the subung os. cheryl casone is here. national association of home builders, are they running up

their own book? cheryl: i talked to him all the time. the bthe filders are the ones who 3 yad this survey, thousands survey, they surveyed millennials born in 1977 and more recently and 5lde of those surveyed in this one would rather live in a single-family home in the buri.t. stuart: that is not what we heard. cheryl: is caught our attention because that flies in the face of every survey we have seen of millennials who want to be in the city engineer entertainment and new work, they want mass-transit, don't want to drive and don't mind living in vaaller quarters. millennials don't mind smaller awaces. stuart: they want mass anransit? cheryl: they don't want to drive or have a long commute. they want convenience. this is the generation of convenience. stuart: william make the cudgment and national a dobe.iation of home builders is trying to pervert the millennials, trying to get them to come out of the subung os

because this is the good life and creating a survey that gives them the right resom t? cheryl: as much as i respect the organization, yes. i have to -- 70 to 80 million ä%illethirials, a gigantic generation, that is all anybody in real estate wants is ä%illethirials are boomers. that is where the money is but millennial and not buying and ppoousing industries flipping out because they need them to buy, the industry need these kids to utthat is w and they are not. stuart: they are not making enough money and home loans are tough to get for first anime home utthat is wers just starting out. a lot of people need a big down payment and they don't have it. chery ru a lot of them are still living with their families and even with lowering of the down payment espeo.

been rising. stuart: proportion of first animfir3 home buyers is 3%? cheryl: it is 3% down. they lowered, there have been a lot more. stuart: fha loan. cheryl: those of the sub prime loans, can be an f h a back to run. they are a little riskier. you got to come up with 3%. with a higher price thesebecauids, lot ca mat come up with that much money which says we are not pars ng enoug sa stuart: who is week? cheryl: not you. stuart: 134 points off of the dow industrials. you like tha a chery ru i like that. stuart: no civil rights charges against the ferguson police officer who shot michael brown. the fed's a there's not enough evidence. f tuestion for j3 cge andrew napolitano. where is al sharpton?

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stuart: each and every month until september of next year. the dow is up 121 points. look at the price of oil please. we have accumulated the largest stock prices in 80 years. airline stocks up, up, up, up. united continental reported good profits this morning. when are they going to lower ticket prices? the planes are packed. people are paying the price.

those numbers wow. stuart: you would expect one of the competitors to lower the prices and gain market share. they are buying new planes. they are buying new services. they are paying their employees a bit more. stuart: federal investigators say there is not enough evidence to charge ferguson police officer daryl wilson. judge napolitano is here. who is liable? >> that is a great question.

stuart: after the shooting, that were riots. if i do not think that they improve the situation at all. >> who was liable from a financial point of view? >> the insurance carrier for those instances. it depends on what kind of policy that business has. some business policies exempt. the insurance carrier may say this was not a demonstration. nothing anybody could have done. some policies may not have the exemption.

stuart: bottom line is, those businesses are brewing. the insurance carrier pays for a damaged business. going after al sharpton or eric holder. go after sharpton. that would eat a bit of a stretch. lawsuits that are likely to succeed financially. stuart: i do believe that our society was torn apart. how sharpton for all of his political involvement sought the destruction of those businesses.

i do not need he encouraged that. stuart: did he think this would happen as an aftermath? >> we are talking about an insurance behavior. >> standing in line. behind the federal government. >> i dow that it will happen. some of those businesses will be worried.

>> spent a lot of time there. before and after i was on the bench. twenty years. stuart: why did you have to take so long? [laughter] stuart: how did we get to this? judge, thank you very much. fired up about the plan of wealth distribution. >> that is what they know class economics is. the idea that this country does best when everyone gets their fair shot.

everyone gets their fair share. everyone plays by the same set of rules. [applause] >> we want everyone to contribute to our success. ♪ u're a mouthbreather. well, put on a breathe right strip and instantly open your nose up to 38% more than cold medicines alone so you can breathe and sleep shut your mouth and sleep right. breathe right.

>> stocks higher for the fourth day in a row. the ecb announces its bond

buying program. a gain of more than half a percent. some of the best performers of the day. energy and telecom under some pressure. negative 22 dow points. announcing job cuts of 4000. the airlines, they are doing great today. 2015, they will generate far better results. more "varney & company" coming up.

stuart: sandisk chipmaker they offered a disappointing forecast. president obama wants widespread wealth redistribution by taxing the rich. let's tax them more. now, he has the 529 the 529 college savings plan in his sights. pat boone. taxing the rich. that is bad enough.

we've got that. when you explain to our viewers exactly what the president wants to do and why you feel so strongly about it? >> if i sputter a little bit stuart it is because i am so upset about it. he wants to penalize the middle class for success. creating some kind of -- he wants to take 60% of that away. we call it the death tax. now, they want to tax it higher than it has ever been. if you have been hard-working and done well and may be earning as much as a quarter of a million a year are put together as much of a half a million

dollar estate, he wants to take 60% of that away because you had bad judgment to die. stuart: if that is the cut off point, a half a million dollars if that is the point where much higher taxation begins, you are absolutely right. that is a bit right on the successful middle-class. >> and he keeps saying that he is for the middle class. they are the target. i hate to say this because the man was hit twice as our president, but we now know more and more that he was trained as

a socialist. he is to bring everybody down to a regular level. this is a socialist theology. it is not just a philosophy. it is almost a religion to him. speak to america may have reached a tipping point and gone beyond that tipping point. this year, this calendar year, about half the adults of adults in america will ask for and receive some kind of government assistance. that is about half.

they have every interest in getting more from the other half which does not take. >> we are past that. it does not mean that we cannot undo it. we have a lack did thank god a republican senate and house. this man just said that we all need to live by the same rules. it is called the constitution. he gave the finger to the constitution and makes his own legislative executive conditions. it is a nightmare. stuart: at boone, you did not

sputter. we knew exactly what you had to say. >> we need new leadership. stuart: let's go to switzerland. charlie gasparino is there. hypocrisy. >> you are absolutely right. this is a fat cat of of expensive cars. a lot of private jets. a lot of private helicopters. the carbon footprints here are pretty amazing. they want to be environmentally friendly. everything is on the web.

people are using their cars to get here. using their private planes to get here. it is pretty amazing. they have gotten criticized for taking the private jet to different things. what they are telling us is he threw in, rationally and talk a regular car. stuart: well said, charlie gasparino. i know you are enjoying it. i want a hypocrisy update real soon.

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stuart: executive vice president. eric joins us right now. you are a young guy. i want to know what the pga. changing the rules to make a quicker game to play and less expensive. >> i look out golf. it is arriving. when you look at asia. when you look at south america. it is really a growing game.

it is a billion-dollar industry. number of golf courses down. young people, would you consider, for example would you consider changing the ball so you can hit it a further distance? you look at rory mcelroy. he is pounding the ball and he is not even a huge guy. 600,000 kids have gotten into the game of golf.

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stuart: america has changed. we have come to expect help from the government. helping ourselves is no longer the national creed. no one has done more to accelerate this change and president obama. a brief look at the big picture tells the story. in the last 50 years transfer payments of those considered needy have been a fastest-growing source of personal income. welfare pay grew twice as fast as real pay. this calendar year roughly half will apply for and get something

from the government and that does not include social security or medicare. but we just society in the world now treat half its people as needy. this president didn't start the trend but he grew the welfare state like no other. food stamps, subsidized health care, a check in the mail for the earned income tax credit. obama phones. the president opened the welfare door much wider. dependency on government is the overriding characteristic of american society. it used to be pull yourself up by getting an education, saving your money, self-help. now it is government helped with someone helps's money and effort. this is not good and it won't change anytime soon and you know why? this president has bought votes with your money. if one half gets something why should they vote to get less, especially if the president tells you you are entitled to it. i am telling you i hate to see

it but america looks more like bankrupt europe everyday, doesn't it? ♪ stuart: thursday lunch time and we are holding a triple digit gains up 111 thes, 17-6 for the dow. the price of oil is down, we have accumulated the largest stockpiles of oil domestically in 80 years. down $46 a barrel again. that cheap oil is in the airline stocks to their new highs, southwestern, united, continental, cheap gas, cheaper jet fuel, not go airline stocks. where is the cheapest gas in america? we will tell you. murphy oil in san antonio, texas, $1.45 a gallon. here is our benchmark interest rate the yield on the tenure treasury. we are now at 1.87%.

to the big story class warfare and the transfer of wealth. i repeat the numbers, they tell the story. 1963, 24% of all federal spending went to social welfare programs. fast-forward 50 years to to 2013 number doubled, 59% of the many our government spent that year spent on social welfare programs. senator orrin hatch joins us from capitol hill. my statement earlier was passed the tipping point, half the people get something from the government, they are unwilling to vote for politicians who will cut that back. of the past the tipping point? not much we can do about this? >> i am concerned about it. when enough people can get $50,000 a year by milking all the various federal programs that are available and why would

they go -- they would be pushed into the highest marginal tax brackets. basically working for the federal government. we are moving this country in the wrong direction and the president's remarks, his call for these changes to put people under the thumb of the federal government, community college students, it is interfering with the 529 program people have saved and invested. they were not supposed to be. stuart: you are the chairman of the senate finance committee. people want to know what can you do about this? if you worked to cut, i hesitate to use the word cut but if you reform some of these welfare programs they are going to come down on you like a ton of bricks, they will demigod you end say you ravishes nasty mean-spirited guy, you are rich

and just not there to help those people who really need our help. that is what they will say. >> and that up very well. your whole introduction to this was as good as i have heard. the fact of the matter is they are making as dependent on government and that is enough that the far left is running on and we have got to stop that and we believe -- the congress of the united states, everything we pass will be vetoed by the president and will be tough to turn this around but we have to or we are going to have a vast majority of people in this country living off everybody else when they have no incentives to work. stuart: what is the first thing u.s. senate finance committee chairman, the first thing your going to do to change things? >> we would like to do full tax reform. the president is talking corporate tax reform. if they decide to send up a relief sought out bill for us we will give it every thought and see what we can do but what we have got to do is put the

incentives back into going to work, paying and saving for school rather than having the government do it and when we have the government doing it doesn't help. it just pushes up the cost of uciomorehan er bore toheoint that there scol i$4000 a year. uartcan pre thepoint. will you push for lower tax rates whether it is for individual income-tax is or corporate taxes? will you push for lower rates? >> you got that exactly right. we have got to do that. will be tough because we have become a welfare state and democrats have pushed us there and we have allowed them to do and once you get sucked the 5% to 6%. if you have those who won't work not even looking for jobs they could be looking for jobs,

people don't seem to understand that. that is where we are going if we don't change it. that is why the american people voted for republicans to take over congress but it is hard when you have a president who is interested in building a welfare state at the expense of everything else and every hard-working taxpayer in america. stuart: always of pleasure. thank you for being with us. unbearable is how dan henninger are described watching the state of the union after seeing the film americans sniper. first of all you go to see the movie, we talked about this last week. you see the movie. then you watch state of the union. what was unbearable about state of the union? >> watching barack obama talked about how he ended of the war in iraq and afghanistan and if one is familiar with the details of

what he did it was unbearable to see him brag about what he had done after seeing americans sniper which is not just about chris kyle the sniper of the movie's title but the marines, soldiers who in iraq went door to door, endured incredible personal physical and psychological sacrifice. it was an intense experience. we lost 3,000 dead, 32,000 wounded and barack obama pulled all of our troops, all of our troops out of iraq despite the fact military specialists said leave 25,000 people there to help the iraqis sustain themselves. he pulled everyone out. now we have the islamic state controlling the northern part of the country. the exact part of the country the marines fought so hard to pacify which means he eventually allowed their achievement to evaporate. having seen that and out walking and stand there claiming a great

success for what he did over there was a little more than hard to take. stuart: the president was trying. he knew he is not going to get -- finos it is not going to go through congress. he was putting it out to drag his party, the democrats, dragged from left, dragon towards his position. my question is how many democrats in the senate will the drag with him? i don't think he will take all. >> i don't think he will take the mall either. it touch as to what you were talking about. barack obama does not understand the private economy of the united states. he does not understand the way the world works, there were bad people in iran specifically or russia. he immediately concludes the ideas in his head our success. if you are not buying into it he doesn't want anything to do with you and those families the

private economy to operate on its own while he proposes he is going to raise taxes and take all that money, give it to the middle class and everyone lives happily ever after. we know that is a fairy tale. stuart: i read it through and through. i read it at midnight. check the big board. the dow is off its highs, close to a 100 point gain. the europeans will print 60 billion euros of months and keep up until september of next year. that is good news for american investors. we're 100 points. they are good for something. sheldon silver on the job for 20 years arrested this morning on corruption charges a 5 count criminal complaint that accuses silver of, quoting directly

using the power and influence of his official position to obtain for himself millions of dollars in bribes and kickbacks masked as legitimate income. what is going on? >> this is an explosive story. he is accused of real-estate doctors, i need help with a break in my real estate taxes so he would then take that individual and they go to this law for which is connected to sheldon silver. the law for allegedly gave sheldon silver and unreported $6 million in kickbacks for that work. he did not report financial disclosure forms his connection with these law firms and what is going on here, he is a democratic power broker, he sat on a prominent seat before the state of the state.

stuart: the name sheldon silver is not known widely across america but in new york state of the man is exceptionally powerful. liz: has in there since 1994. we have news for u.s. attorney will hold a press conference. the fbi uses wiretaps to do investigations like this. we have more detail in the 1:00 hour on what they found on sheldon silver, a major player in the democratic party, well-connected in albany. it looks like it could start to get cleaned out. we don't know. stuart: i live here for -- liz: it is a pipe dream. stuart: not a great story. it is a fascinating story. it will show how power is used within n.y. state which is a solidly democratic state. any comment?

>> sheldon silver is thought to be untouchable. you couldn't do anything about and now is going to break open. liz: cuomo wants to run for the presidency you got to clean out all money. stuart: when you think governor cuomo could be president of the item status? liz: yes he does. he has ambitions for washington d.c.. stuart: leave it at that. after the break the star from the hit show porn star. pawn stars. out with a new trivia apps. we are going to quiz him. his name is rick harrison. you know this man and he is next. >> definitely these particular stamps, i recognize from the 1500s. this is definitely shipwrecked treasure.

stuart: i call this obamanomics in action. american express cutting 4,000 jobs this year that reported higher expenses. these are middle-class jobs. the president said i am helping the middle-class. american express is cutting those jobs because of things like obamacare and dodd-frank reform. ebay. at stock is up. they are cutting 2400 jobs. ebay? those are middle-class jobs and they are gone. obamanomics in action. bill belichick held a press conference this morning, broken silence on the ball deflationary scandal. here is what he had to say. >> and again i was completely and totally unaware of anything we were talking about in the last couple days until monday morning. stuart: completely and totally unaware. that is our update on the ball deflationary story.

brady told a press conference and 4:00 p.m. eastern. you know the show pond stars wildly popular on the history channel. watch this clip. >> abraham lincoln, vice president john hancock. >> no. >> i get stuck in a dark alley and that is going to help me out. >> without any history trivia. a simple basic everyday iq test. >> oh god. stuart: really. the guy on the clip, rick harrison, is the star of the show. she joins me because he has a brand new trivia apps. that is interesting. there he is. more famous than i am. it really annoys me. you have a trivia apps, why? what is it? >> it is to make money. it is my second or third favorite thing in the world, making money. had played the other apps, not

really challenging as far as i was concerned and a lot of people approached me. stuart: is it free? >> you download it, rick harrison's trivia challenge. stuart: i get the apps on my the phone, click on to it and ask me trivia questions. >> at certain levels we start to get everyone above level 50, we send them -- stuart: how do you make money? >> you make money if you want to buy more live. things like that. you don't have to purchase them. stuart: liz macdonald is sitting right there and she is going to ask three trivia questions to us. we start with number one. the first person who thinks they have the right answer raise your hand. you are willing to play? >> i am willing to play. liz: what year did apple introduced the ipod digital music player. >> 2001. liz: bingo, ding ding ding ding.

stuart: he was not first. liz: he raised his hand first. in what you did jimmy hoffa disappeared? stuart first. stuart: 1975. liz: for which film -- stuart: you were going to get that wrong. liz: for which film did tom cruise receive his first oscar nomination. go-ahead. >> fourth of july. liz: here is another one. wait for it. you can phone a friend. i will ask wreck. name the famous rock band whose surviving members are older than stuart varney from the 60s if you get two of the new are correct. members are older than stuart varney. famous english -- what is the matter? stuart: what about two surviving members of the beatles? liz: he got one or two, he is correct.

could which james bond actor i you younger than? you want to phone a friend? a lifeline? stuart: the scottish village with his name? sean connery. you got another one? liz: this is for both of you. which famous actress is stuart varney younger than. here's a clue. opposed the vietnam war. stuart: jane fonda. kahan >> john fund a? stuart: jane fonda. the apps. is it brand new? >> we came out with a month ago. stuart: you are going to sign on? >> 25,000. we didn't have anybody, no advertising until this week. i came to new york monday and doing social media. stuart: after this show ends and you sign up another 25,000 people to get the apps, what

commission will you pay me? >> 50 bucks. a random number. stuart: i am told you are a genius and you have all kinds of entrepreneurial thing is going for you. >> the only job i ever had i was a busboy for three weeks when i was 17 years old and i said this is ridiculous. i have been buying and selling stuff, a zillion businesses ever since. i was a really sick kid it got to the point i would be sick a few weeks in the hospital and they would hold me back again so i finished ninth grade. stuart: what is your politics? many follow with the real question. you obviously make significant money. that tv show pays you. >> i have a lot. i was on seatnbc a year ago.

and howard dean was sitting next to me and during the break i am going if the republican state out of people's living rooms when they are smoking what they want and their bedrooms where gay people get married or whatever and democrats would let me do business like would be great. stuart: that is your politics? stuart: how do you feel about losing have your money to federal and state income taxes? >> and in nevada where there is no state income tax. how do you plan? i was at 33% and you are getting construction loans and all of a sudden out of the blue your taxes go up by 30%. stuart: it is immoral. the government should take more than half of a man's income ever. wine make a billion dollars a day? leave half of it. liz: a construction loan but how the plan when your rates don't when you take the load up? >> i just --

stuart: i am glad i beat you in the trivia game. you want to come back you can come back. thanks very much. appreciate it. 31 years ago today apple unveiled this ad, truly iconic. a new era in technology. what do the next 30 years have in store for us? that is next.

stuart: 31 years ago today apple ran this ad. changed the landscape forever. will there be a big technology game changer this year? jeff vancamp is here. now, i saw that thing that you are wearing. this is wearable computing power. >> this is kind of a goofy name. it launched last year. it is coming out in the spring. it can do something nothing else has ever been able to do. everything you eat during the

day, it will tell you how many calories you have eat-in throughout the day. stuart: do i have to tell it? >> you don't. it just knows. it cannot tell you exactly what you have eat-in, but it can tell you how much fat, protein, calories, excel. it sends electrical signals high and low into your skin cells. it measures how much water. based on that, it can determine how much sugar is in your cells. >> this is fascinating. wearable computing power that i can get behind. >> i have been wearing this for about a week and a half now.

stuart: how many calories have you consumed today? >> i think i am about 1800. whenever you have a mocha at a starbucks, it is a lot of calories. stuart: a chocolate mocha from starbucks. >> it takes a few minutes. it takes time for calories to register throughout your body. i stopped ranking white chocolate mocha is because they are 500 calories. whenever you check the app -- it also does another cool thing. a lot of these fitness trackers track your steps and movement. it is about $300, or it is going to be.

it comes out this spring. it will not break down alcohol but it will tell you how many carbs are in there. it is a lot more than you think. stuart: really fascinating. i want a tasered fork and eight tasered belts. [laughter] president obama wants to tax your savings. call it what it is. wealth redistribution. ♪

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stuart: holding with a gain just over triple digits. oil is down again. big stockpiles of the stuff here in america. lower prices. 46.89 right now. $2.04 is your national average. we may break below $2 nationwide by monday. look at this.

twenty-seven states are in the $1 club. please look at netflix. i believe it is up again today. yes, it is. would you look at that. here is dr bartend. he is here in the city this morning. this is an astonishing rally for netflix. >> if i owned it for the last few months, i would be selling it. taking profits right here. they have a great story. it has cost them a lot of money. we have another 30 bucks just to get back to break even. stuart: if you do not own it,

would you buy now? >> i am not a fire right now. stuart: okay. god the of. how about google? i now understand that they will offer wireless phone service. how does that work? >> they struck a deal today. offering wireless services directly to consumers. branching out from there. anytime google gets into something, it puts pressure pressure on the folks that are already there.

stuart: bringing in a significant amount of money in the future. >> i am a long-term bull on google. it will draw them down this year. i am a buyer at about 500. stuart: okay. thank you for being with us in new york today. >> hank you for having me. stuart: president obama. giving free tuition for amnesty illegal immigrants. republican from arizona with us now. let's think about the 529 taxation. our viewers are really hot on this. a lot of them have been saving for college using a 529.

now, the president wants to tax that money. >> that is exactly right. making people who play by the rules, held up by this administration and penalized. you want people that are saving for their college education to be more dependent. stuart: is that only very, very rich people that will be paying more tax on their 529 savings or will this fit middle class as well? >> planning is a success model. it is all about planning. what this administration does not want you to do is plan. stuart: how will you get around this? >> we have passed the tipping point. half a million people will ask

for something and they will get something. that is not including social security or medicare. how do you get around it? >> we have to get back to teaching. it requires us to be motivated. that is how you do it. by teaching the future of education. stuart: how about in arizona? amnesty is illegal immigrants will be eligible for free college, i understand. >> it will cost more for everybody. this administration wants children to completely follow the money instead of the money following children. they are dependent and smart people that plan. that should not be the

educational system for illegals that came here the wrong way. stuart: thank you for joining us this morning served. appreciate it. there is nothing like the sound of a ba in jan. find out in a moment what it is all about. ♪ 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 to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today.

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nicole: the dow jones industrial average up 110 points. majority of the stocks on wall street do have up arrows. southwest airlines came out on top. the airlines are doing very well today. ebay. that is also a winner right now. on the downside, lands and under pressure. cold-weather apparel did not sell as well as they had hoped. after the bell today we will continue to focus on more earnings.

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stuart: i will describe this as a painful moment. 121 miles per hour. ms. the return. cobalt boy took it right between the legs.

ouch. i mean, do we have to see this constantly? moving on. let's talk about a modern problem. car engines. geewhiz technology. you hear the familiar engine roared. jeff, are you going to tell me that they will make that they were? >> it depends on what your definition of artificial or fake may be. the thing is, it is not just for. multiple automakers do this. this is an ego boost engine.

i will let you judge for your self. they enhance the sound so when you are driving the car, you actually hear it. listen to the engine as it sounds right now. now, i will let you hear what it sounds like inside the car right now. i will read it the same way. can you tell the difference? >> yes. that is cheating. here is what ford said. i talked with them this morning. they said that this is not fake noise. it is not a soundtrack. digitally processing it on the fly. you are just enhancing it a little bit.

it sounds like you have a muscle car. stuart: a very good story there. well done, young man. we will head to switzerland. liz claman is with us. liz: yesterday, i had a huge platter of swiss cheese for you. today, we are sweetening it up. look at these. they are all scanned this. they ship these chocolates. this gigantic boxes $198. that converts to about 230 u.s. dollars for that box of chocolates. everyone is talking about her and see. we were told by sources that angela merkel was spotted leaving a conference room after

the decision to stimulate the arizona economy. these are all interesting names. i must tell you there is real substance conversation going on here all day long. we have so much of it coming up. this is the swiss pharmaceutical giant. how is that affecting this business? in the 4:00 p.m. eastern, new zealand prime minister a great conversation with him. by the way i think my parents are all over it.

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stuart: remember the story of rebecca are alone? president obama was touting how she and her family have bounced back during a recovery. turns out, she is a democrat staffer. john stossel is with us. they thought that nobody would google her. we would not find out that she was a format staffer. >> there has been a recovery. finally. they could pick a better example. i was more upset about the names that people will believe. down two thirds from where it was. it was a stimulus blowout in its first year. stuart: it is cherry picking the

time. >> it is four times that now. >> there is much more domestic oil production. that was in spite of president obamacare and. stuart: tonight he say that he ended the war in iraq and afghanistan? >> he said all kinds of things. stuart: did you watch the state of the union speech from beginning to end? we are going to revisit the state of the union and talk about that. he spoke to you to fully when you compare him to senator ernst. i think he convinces people.

it is defeat. unemployment is down. that is the slowest recovery and 70 years. a lot of people have given up looking for work. the mac good. it puts us on the wrong track to bigger and bigger government. stuart: what is the name of the show? >> stossel. 9:00 o'clock. fox business network. stuart: i will watch this. stuart: he will tivo if. >> john, thank you very much. more varney after this. ♪

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stuart: we brought you a dow jones industrial average. our time is of. here is deirdre fulton. deirdre: what it means to you if you are investing or traveling. and putin with technology innovation. google is going wireless. striking deals with sprint and t-mobile u.s. once that will run on sprint and t-mobile. broke the story. thank you so much for joining us. what is behind google strategy here. >> a very typical move for google. they do not really like intermedia aries. they basically want