tv Varney Company FOX Business January 29, 2015 11:00am-1:01pm EST
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summers in his interview with the former treasury secretary. have a great day, time for "varney and company," charles payne filling in for stuart varney this morning. charles: i am charles payne, stuart varney is out today. mcdonald's truly iconic, an american brand, made and we still love, it is recognized around the world. chances are you own the stock one way or another but it is struggling and now it's ceo is out. mcdonald's has an image problem. have you been mary lately? the restaurants are in desperate need of facelifts and the food needs a facelift but it is not about just serving healthy foods that appearance, freshness. mcdonald's doesn't have it. to put the mexican grill does. we will talk about the new guy they are bringing in. can he save the day? "varney and company" is about to begin.
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big shake-up at mcdonald's after announcing its ceo don thompson is leaving at the end of february to stop big time on the news up 4%. you know what i always say? whenever a stock pops when the ceo is out wall street did not like that particular ceo. orville rocky tenure for thompson. here's what mcdonald's has done versus the dow since he took over in july of 2012. let's bring in ed butowksi. off the bat would you be a buyer at mcdonald's right now? >> i like this move. i'd like it a lot. one things this guy did, he turned around the u.k. started running europe, i like the new person. i also like the move that he took the cfo and moved him to the chief administrative officer. that is important because he is an expert at cost control so as stock goes i really like this move and i will start looking at buying it. charles: you are talking
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something different from mainstream, you're talking engineering bottom-line numbers that sent the stock higher. what about topline revenue. what will get people to go into the store now did they have so many other options they like better? >> i agree with you. i can recite the menu because it has been the same for so long. they need the ingenuity. this man who took over actually left mcdonald's for a while and started running a chinese food restaurant chain and mexican food chain and there are other ways you can bring new fresh ideas to mcdonald's and that is what they need. when people think about mcdonald's we think about french fries or burgers and think is unhealthy. we need a new fresh look of the place not just new looks to the restaurants and stores. we need new food on the menu. charles: january 26, 2006, is when jacobi went public. that is when mcdonald's started to sell off its majority ownership. a mistake but with critics calling the restaurant back then and amazing concept great
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management food quality and in touch with the consumer base. bose the four areas mcdonald's needs help in in addition to your idea what you talked about in terms of freshening up the food menu. >> they need to have all of those things, that is why they got rid of this man and brought in a turnaround expert. he ran the head of brand and they probably really like what he is saying that his ideas. i think the new mcdonald's, we will see over the next two or three years is going to be a real rocket ship. they have all the stores the real-estate, they just need to put something new on the menu and i need it badly because i am tired of french fries. charles: it was on my never sell list and their pockets are deep enough to survive this. before i let you go, the ideal range has moved up. will that be a big win? >> you never know with these things. a lot to do with the overall
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market conditions. these ipos have been popping. i would not surprise to seal lifted it but the overall market will dictate how the stock does on opening day. charles: although there's a lot of excitement in these parts of the country. thanks a lot, appreciate it. also at mcdonald's they have a big push from organized labor. they have been in the cross hairs of unions in the cross hairs of this administration. monica crowley is with us. when we had the morning meeting i talked-about i remember when ibm had the eight year battle, the antitrust battle in during that period they lost their way businesswise and microsoft popped up that otherwise probably wouldn't have. the donald has had its hands full trying to ward off an obvious effort from the national labor relations board, unions and his administration, that didn't tell a business. >> you think walmart is fighting this battle for years as well, when they want to unionize the
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employees, treat their employees pretty well in terms of salary and benefits and flexible hours, those kinds of things, these big companies, mcdonald's wal-mart, ibm they become so distracted with fighting their battles trying to preserve their core business trying to just survive this assault by the unions that they can't innovate, not spending their energy on products, new services, trying to feel out what the market will be and what the consumer will want years down the road. they are not growing. charles: think of how mcdonald's has been under assault by the food police for the last decade or so. how did they react begin come out with apple slices. people don't want apple slices, they want the big fat juicy burger with juices falling off so it looks like you just pull the cheese out. they don't want will be looking at right now, they don't want those slices. mcdonald's common management unfortunately don thompson among
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them really got too involved with all of these outside assaults. >> when you try it is like the food police popped up and start attacking mcdonald's, how are we going to put out this fire? apple slices. going to mcdonald's you are not going in for a particularly healthy food. you are going in for french fries, chocolate shakes like i do. charles: all the real hot food stocks when it comes to calories they have the whole concept of fringe stuff, they are not -- you don't go there for apple slices. >> a company like mcdonald's should be innovative. charles: they own nut them! >> they can't innovative their spending time trying to beat back the users. charles: thanks a lot. let's check the big board. the dow hanging in there if you will down 18 and the other indices are down more and it looks like the deciding factor
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is will pulling back again, natural resources, natural gas inventories out, they were bad bringing everything down now but here's the interesting thing. gas prices might have hit bottom for a little bit. up half a penny at $2 in 4 sense, a year ago the record low down 1.75% as of today, looks like growth is slowing at ali baba, came out with earnings report and stock getting hammered. nicole: stock is to the downside, multi month low, $120 stock you remember late last year, $80.55 down 10%, they have seen slower growth and revenue numbers, they seem revenue rise 40% they didn't meet expectations they are bigger than ebay and amazon combined in terms of handling ecommerce, they have seen growth in mobile but the big picture is they fall short, they are seeing slower growth and that was a disappointment. this is a record ipo last year, remember the $25 billion ideas
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so ali baba and yahoo! has a stake in ali baba to the downside today and by the way i bait to defer. we want the apple slicess. charles: millennials don't allow for apple slices. nicole: we by the apple slices and we eat half of everything and think we are slightly have the. charles: i've got to try that. may be that would be as
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it will request congress raised taxes on wealthier americans by curbing their tax deductions lose the president released his full budget request monday. these are simply requests. what the white house wants congress to pass typically they get little support among lawmakers, even those in the president's party. republicans control congress and are squarely opposed to raising taxes. charles: you just heard rich. the president wants to hike taxes on the wealthy and at this point he feels he can subdue, this is just me thinking, the started floating around ten days ago, my thinking is the white house thinks it can seduce the establishment republicans with extra defense been the end of few goodies here and there and get something done. >> it is clear he is trying to sweeten the pot of wealth redistribution class warfare that is this budget and has been this budget and his overall policy for the last 6 years by trying to bring in some vulnerable republicans with an increase in defense spending.
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i don't believe it. i don't buy it. cheese that six is betting the u.s. military letting our nuclear weapons stockpile atrophy gutting the u.s. army and so on so i don't believe for one second. charles: he says i gutted the military and everything else, i will give you back some of it that you got to give me something back. >> it won't work. even with the establishment republicans and republicans who represent military district i don't think it is going to fly because first of all they don't believe him on another terry spending and certainly this is the same old not just tax and spend the spend and tax proposals we have seen with him for six yeaunsustainable, you have
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and how much you should. because i used truecar there was no haggling about the price. they treated me so well, and it was just such a quick, easy experience. and get back to the life you love. welcome to the future of car-buying. .. charles: dow turned around, the blue chips came in. for some reason nasdaq under pressure which is interesting because look at facebook, an amazing earnings report after the bell last night. that stock should be a lot more. mobile ad growth is phenomenal but all phases of it as they
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spent a lot of money to make this happen and that is one thing bothering the street. qualcomm reported last night too. didn't matter is they beat, lower their outlook and warned they had, quote, challenges some of their chips were hurt by competitiveness in shy and worries about their relationship with apple or non relationship may be. stocks down 12%. we have breaking news, the senate banking committee just past the iran sanctions bill. robert menendez democrat from new jersey one of the sponsors of the bill wasn't counting on this. this was the guy president obama friend on national tv during the state of the union address among others but guess what? it goes to the full senate right now. now to the daily terror out -- isis said the deadline for their hostage swap and the deadline passed. isis calling for the release of this woman convicted deadly hotel bombing culprit if you will in 2005.
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her vest didn't go off. isis says she is not released by sundown which has already passed they would kill a jordanian pilot who was captured in december. isis also wanted proof that she was alive before the hostage swap. japan is trying to find a way to get the release of their journalist who is being held by isis terrorists. they have reached out to turkey and jordan asking for cooperation. now take a look at this fox news poll. 56% of americans think the united states is at work with radical islam. 47 believe obama is downplaying the threat of islamic terrorism may be because the white house keeps saying things like this. >> the jordanians are doing something different than what the united states did to get the release of bowe bergdahl? >> releasing prisoners held at guantanamo bay the taliban which is clearly a terrorist organization. >> as you know this was highly discussed at the time and
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prisoner swaps are traditional end of conflict interaction that happens as the war in afghanistan wound down we felt it was the appropriate thing to do. the president's barack commitment is to leave no man or woman behind. he was operated on that principle. >> the jordanians are operating under? the taliban is soaking up terrorist attacks, you can say the war's over as far as they are concerned? >> i would back out the taliban is an armed insurgency, isil is a terrorist group. charles: the taliban is in the hall of fame of terrorist groups. >> you have to laugh. these kids at the state department saying something with tiny discussed, anyone who takes a look at this realizes the
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taliban is insurgency and a terrorist group. you don't need to get into the technical elements, it is so obvious. the taliban conduct military-style operation and the terrorist attacks including against civilian targets. this doesn't pass. the last test in this part of the administration can't bring himself to identify the cause of our problems in iraq and syria with iran, the turkish government and that is radical islam. charles: you see these people who have always worked for president obama. their first job is always to sell, the war in afghanistan is winding down the typical thing you see at the end of the conflict. this conflict is going to go on a long time after we leave and probably get worse as we of seen in iraq. you feel badly for the kid who was wheeled out? i don't know who he was, never seen him before but he made a huge mistake. the major media covered up for him because very few people
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reported on it. >> the words that you use a lot in government communications maybe this administration should bring them back, no comment. if you're going to go out and say something completely ludicrous like it was okay to trade five high level taliban operatives for one person who now is thought to be about to be charged with deserting, we can do that but the jordanians can't do but probably going to do which is what this convicted murderer for it there downed pilot. it is stupid. it makes no sense and in flames allies, the jordanians. charles: the notion is we don't negotiate with hostages until this end of conflict or the war is winding down situation. >> negotiate with terrorists, not hostages. they can't bring themselves to call the taliban terrorist organization when the state department for years has classified and designated the taliban terrorist organization is beyond belief.
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defeat the enemy. we rely on the military to solve a crisis and address the root causes of this if we can't even name it or have an honest discussion with ourselves. bernard: or would you go as far as to say by not even being honest with respect to calling the state's the wimbledons them and encourage these terrorists because they never feel the truth -- the tongue lashing they deserve from the white house? >> they feel like they're pushing on an open door and they are. obama gave a triumphant version of events in his state of the union address about isis and isis is winning. they are on the margins here and they have not been pushed back significantly. they reached the deck of national exhaustion in the sunni areas but it is a real shame and did you look at a common threat of paris ottawa, fort hood, the
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boston bombings london, radical islam we can't bring ourselves to be honest. charles: it does boggle the mind. we need a relationship with a taliban ones will be afghanistan said don't want to a anger them? is that possible? >> i don't think so. they are an enemy that will cause friends in places like that, like the new president of afghanistan, this is a problem. hamid karzai's predecessor was always problematic but by rooting for his opponent who was always going to lose by signaling we were going to cut a separate deal with the taliban we are going to make people like hamid karzai and his successor cut deals with bad actors in the region whether it is the taliban or other terrorist groups or the russians leave these fantasies
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the we will be friends with the taliban or ear and i just that, fantasies. charles: thanks a lot appreciate it. it has been a tradition across the country a snowstorm has teenagers can this the neighborhood with shovels. how to make extra cash. i did it. find out why one new jersey county stopping it. outrageous stuff in my mind. the judge is next.
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a local cop told them they were violating the law. >> i am embarrassed that this happens. our home state of new jersey. it is a flaw in the law. the supreme court has already ruled you can throw it out. no sign saying no solicitation. you are perfectly at liberty. local cops do not know this. the mayor of the council does not know it. the cop was doing what the cop was told the law is. the law was wrong and if it had been challenged, it would have lost. they have every right to ask for some vague as american as apple
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pie. it is a blizzard. charles: a young man. around 21. he knocked on my door with a shovel and he has been coming back to our house over and over again. >> it is also a part of basic human freedom to propose a commercial transaction. the homeowner needs -- what business is that of the government? and nonintrusive way. the police should back off.
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in fairness of this cop he did back off. it felt like you shut down subways. you tell bicycle members you cannot deliver maybe medications people need. >> i share that you. i believe they were keeping the streets and our bodies safe. they forgot about keeping our freedoms safe. a commercial transaction. we will take the chance.
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we do not need big brother to take care of us. >> american sniper. this seems to be a huge success at the box office. coming from the wrong person. really disgraceful. you have to find out what he said. next. ♪ ♪ is it the insightful strategies and analytical capabilities that make edward jones one of the biggest financial services firms in the country? or is it 13,000 financial advisors who take the time to say thank you? 'night jim. gonna be a while? i am liz got a little writing to do. ♪ it's why edward jones is the big company that doesn't act that way.
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charles: all right guys. checking the big board. let's take a look at loyola. 43.58. gas prices, well, they were actually up overnight. just have a penny. let's ring in layer -- layer 11. >> you are absolutely right. it did not work out. this is a six year low. opec decided not to stem supply and let the price fall.
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i do not think that it is a serious hit to the economy. you get that kind of again and again. not like the stock market falling, that is for sure. >> all lowered their guidance for 2015. we know that oil welcome back someday. where is the disconnect? it does not seem to be rough like dave on the economy. >> we are certainly on the highs. it is a relative thing. the market has not dropped considerably. this is a good thing for many, many people.
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some of them are kind of punting. we will hope it comes back. sometimes, there is an certainty. i think you will get a little bit of old here. charles: let's say we get one of these weeks where it is the exact opposite. does that give us the knee-jerk reaction? >> i think you will get that nature rebounds. they can push us back higher. charles: thanks a lot. appreciate it. jesse venture up. an interview with the associated press.
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"a hero must be honorable, must have honor and you cannot have on her if you are a liar. there is no honor in line." he punched the governor in the face at an event. carollo, you know what, this is absolutely nuts. this pylon is just getting out of control. >> any attention at all he is a lunatic. he talks about honor. what does it say about the man that sues the state of a dead man. i would have had great respect for him when he filed his lawsuit and said your honor i ask only that my lawyers be paid and i get $1. point made.
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this guy talks about the truth. routinely send out weird conspiracy theories that have no base of reality. they have a place to put them. this guy is absurd. charles: carollo -- >> i hope so too. charles: i agree 1000%. in my mind, ventura is way out there. it is everyone on the left. this has hurt them to their core. the american public loved this. movie theaters so quiet here at
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i felt like i should be doing more to help my country. i should be doing more to help chris kyle. i think that is what is gripping the nation right now. >> you ought to go see the movie. the book showing the angst the pain the sorrow, the tremendous pressure though men and women in uniform face every day. this movie is nuance. with all the nuances that go with it.
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go see the movie. read the book. charles: thank you very much. another day another reality for obamacare. if you are sick, your medicine will cost you more. let's face it, it really was not that affordable after all. >> affordable. affordable. affordable. affordable. the reason they changed the name is because they want to get away. ♪ [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.
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♪ nicole: i have your fox business brief. the dow jones industrial average up about 30 points. the s&p and nasdaq old to the downside. some of that energy names under pressure hitting some new lows. oil at the lowest levels we have seen since 2009. conoco phillips down. earning movers for you. harley-davidson. slightly lower quarterly profit. you can see the stock is up three and a half percent. there is a look at her she is. that is a full rating.
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least in this document, he wants infrastructure spending, paid sick leave pay for community colleges for students, military spending and a middle-class tax cut. curbing deductions for the wealthy. capital gains tax increases. we will have full details on monday. charles: johnny walker, smirnov and captain morgan. the three biggest brands. the share is moving higher right now. take a look at royal caribbean. week pricing in the caribbean. now to the not so affordable care act. also known as obamacare.
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insurance companies a charge the sickest companies more. in an effort to discourage them from actually choosing different lands. slowly but surely, it is happening. >> that is right. insurance went along without life. now they are trying to weasel out of that life by putting these drugs in a separate category in charging really whopping co-pays for them. >> here is to plans. they are trying to discourage seriously ill people from signing up for the plan by putting the drugs that those
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seriously ill people need in a separate category and charging a much bigger co-pay for them here at if you have chronic leukemia him and i hope you don't, but if you do, it is now very hard to get the medication in these areas across the country. charles: this is a bit unwieldy, no one at the white house could have put this together. >> of course. the back door taxpayer bailout. charles: of course that will happen. eventually, the prices will sort through the roof. >> people are seriously getting robert wife used plants. we are faced with another
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political life. the basis for it is it will be much more affordable for every consumer. that is an accurate. charles: people would just like to amend it. scrapping this thing. american public does not seem to want that. >> yes. opponents of obamacare and it is not just republicans. they need to come up wit page bill in plain english that members of congress will actually read before they vote on it. >> they have to start talking about this. everybody knew that we needed roof form. what we need, patient days free market at the polls.
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>> -- charles: there we go. now you just have to get a candidate that knows how to articulate it. >> exactly. you have to have a solution. charles: you have been amazing with this. we appreciate it. california says now that he cigarettes are dangerous. you can see that coming a million miles away. we will talk about it in detail next. ♪ truecar. at truecar, we'll show you how much others paid for the car you want and how much you should. because i used truecar there was no haggling about the price. they treated me so well, and it was just such a quick, easy experience.
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get your car, and get back to the life you love. welcome to the future of car-buying. 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. and stay ready for everything that
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charles: reported earlier earnings obviously be. the analysts say they have a pretty strong backorder of components here. stocks up almost 4%. california health officials declared electronic cigarettes a health threat and they should do strictly regulated just like tobacco. >> here we go. california the home of the
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sprouts. they had that going in the 70s. this is another intrusion did you cigarettes were supposed to be a healthy alternative that if you were addicted to nicotine, you want to quit sort of a bridge. to completely issue a blanket outline or saying it is a health issue when the studies are still out and that investigations are still going it seems to me like an overreach. >> california made up their mind before the studies began huge it is a healthier alternative. people have said it has helped them wean off of cigarettes. get ready. more taxing spend proposals from president obama. one of president obama's
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quote
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>> coping working families feel more secure and a world of constant change. helping folks with child care, college, healthcare, a home, retirement. my budget will address each of these issues. lowering the tax of working-class families and putting thousands of dollars back into their pockets each year. what the president did not mention is how he is going to pay it all. we will accept an economy where only a few of us generate rising incomes and chances for everyone who makes the effort. you wrote a piece of obama's
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peter pan economics. >> it starts with the idea when he proposes free community college for two years. what does he mean by free? everybody understands nothing is free. he thinks it will be free. how will he pay for it? i think barack obama has no real concept of where these taxes called from. he thinks as with peter pan it is like tinkerbell's pixie dust. charles: it probably does not even their him at all. to me, back to the four freedoms
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speech. they should never have any anxieties. >> it is almost childish. the idea that everything has to be fair. they start arguing from one another. that is not fair. she has more than i do. that is part of obama's economics. you grab graph from somebody else when you think it is not fair. charles: i thought it was unfair. the idea that this country some people have greater opportunities in the past. if i could bring you back to the starting line, to somebody's
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parents that did not have the opportunity that you had now it is therefore everybody. i think he sees himself as this heroic person. >> the idea of social justice, i do not want to completely derogate it. this president has no idea how to go about this. charles: how can he go about it? what would the reality? >> reflect a greater understanding. not really how the private economy works, but that it it says. >> one thing that is interesting that you are noting in your column, wait a second, you have to stop this tax hike. you remember charles schumer.
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listen, you should not have done health reform. you should have focused on jobs in the economy when you got a let it. >> the problem was they got political blowback. it was crazy. he wants to spend a lot of money so he needs a lot of tax revenue. the only place you can get that is the middle class. charles: it is going to have to trickle down.
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keying her up to run from a candidate from the democratic left. that is what the pressure from elizabeth lauren is all about. >> his tax break was such a fake one. charles: thanks a lot. really appreciate it. let check on the big board right now. outside of the oil and the fed the numbers are phenomenal. it is oil. the oil collapses causing a lot of confusion. we were at 43.58. the lowest of 2009. here is the thing gas is still
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$2.04. record low for the same year. we will find out. check the story. we asked you on facebook and twitter, when was the last time you went to mcdonald's? here are some of your responses. at least 15 years ago. i drive through on road trips for coffee only. >> i have not had a burger from there since my soft or year in high school 30 years ago. charles: last year we bought 9 billion burgers. >> mcdonald's invested in chipolte. they invest like the hundred
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60 million. that is the irony there. mcdonald's should have stayed. it looks like people do not want a burger and fries. they want healthy fast food. i am wondering when starbucks will start charging rent. charles: sonic sales were 38% last year. red robin, 53%. jack-in-the-box 20%. people like their burgers. >> what do you think of that charlie? >> people like burgers but they do not like mcdonald burgers. they are to an older audience.
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the lines were out the door. one of those new hamburger chains. those are playing two millennia was and to a different age demographic. >> and old-fashioned thing called taste. the taste test. in and out. top. >> chipolte is getting away with murder saying that they are a healthy choice. >> this is what a reporter wrote. they have good management. food quality. they have to articulate a message. people are buying it.
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[laughter] charles: he told you guys not to touch this. he reported earnings this morning. you can see the streets a little bit worried about this. there was some news about a government cracked down. >> besides the fact that, i forget what the insider price was on ali baba. whatever they sold, i cannot remember. i remember when retail started getting into it. charles: north of 80. >> 99. that was interesting. if you read the disclosure documents, if not buying shares
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something in bermuda. a relationship with a company and china. the people's public, the people's army or whatever. i like the fact that china is racing capitalism. we cannot he against that. something controlled by the people's army. let me tell you something apparently something happened. here is what bothers me about this stock, at least 10 times jack maas says he does not care about the shareholders. look at the container store. the ceo wrote a big open about the fact that shareholders
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should come last. you have a company where the ceo says -- if the shareholders are not under one -- >> i think jack ma has a socialist approach. >> the steering committee had 30 people on it. >> he does call the shots. the communist party. maria: taking a look at the coach. they are both winners today. there is a look at coach. they really turned it around. they had intense competition.
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it is actually down 24% over the last year. their bags are back in style. the sales and improved on north america. china sales are up. that is great news. they are moving forward with luxury shoes. it has been a winner. up almost 10%. they are closing down there saturday part of kate spade. that is a cheaper model. charles: thank you very much. appreciate it, nicole. the white house denying that the taliban is a terrorist group. more from this next. >> isis was a terrorist group. ♪
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charles: democrats are trying to shame republicans. let's go to peter barnes in d.c. >> they are. launching an all out attack on republicans. it would preserve funding for the president executive actions. democrats have taken to the floor of the senate today. the president will go after republicans in a speech. republicans passed a short term funding bill until the end of next month. once they took over congress this year, they could work up a funding bill for the rest. the house passed such a bill two
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weeks ago. now the senate is planning to take it up. they feel with that strategy and with the recent terror attacks they can force republicans to back down. listen to abc news reporter jonathan karl when he asks this question. >> how are they doing anything different than the united states did to get the prisoners from bergdahl? >> this was highly discussed at the time. we felt like it was an
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>> we have been having this ongoing debate. why the administration refuses to talk about islamic terrorists. suddenly, this pocket turns to the taliban and. clearly carrying out a number of pullbacks. i do not see why the administration would want to go down this rabbit hole and make this distinction. the administration feels like it probably has available room to try this. >> except when the question is asked and it is available for all of us.
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thought thing here is, it is their guide. how it could not find 45 seconds. is i could if they are sending out a memo to its generalist saying do not even call people terrorists or g hottest or islam s. who is to say who is the freedom finder. charles: telling him to avoid using words like g or terrorists
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>> the worst kind of political correct this. being sympathetic to terrorism. i think it undermines the sister network. trying to establish their credibility here in the united states. >> how are they doing right now? >> horribly, in a nutshell. there have been layoffs, cancellations. this kind of memo will just tarnish the network further. i am not really getting a straight, fair and balanced approach. charles: a long way from being fair and talents. thanks a lot buddy. we appreciate it. over a billion chicken wings on
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welcome back to showdown! i'm jerry rice here discussing the big race between the tortoise and the hare. my guest is stephanie branton. jerry, i'm going bunny. shocker. not really. you see, the hare's "thoracic limbs" allow for greater extension and elongated strides. look for the hare to leverage this advantage. ok. startup-ny. it's working for new york state. already 55 companies are investing over $98 million dollars and creating over 2100 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes no corporate taxes no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that's right for your business. see if startup-ny can work for you.
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as to the new six your lower. hit 4350. that was your lower today is under pressure and that was the lowest since march of 2009. got to look at qualcomm. last night they lowered their outlook, talking about being hurt by competitiveness in cheyenne and concern about the relationship with apple. stocks getting hammered pretty good. three days until the big game sunday at lauren simonetti joins us with some numbers on how much we will borge ourselves. we are talking about a few of us, this is not. >> everybody goes on a diet. that is your new year's resolution. february 1st is sunday, those of the things we will collectively
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eat. 11 million slices of pizza. keep in mind two slices of pepperoni pizza, 596 calories. 11 million pounds of potato chips, this is about 465 calories and one more. before they become gluten free at all? >> i didn't include it. 1-1/4 billion chicken wings will be devoured six wings with blue cheese 560 calories. those calorie counts i gave you, 600 calories during the four or five hours that is the superbowl. charles: not if you talk about eating at my house, using the total. >> what is your big thing? liz: what you should eat in one day, in one meal. charles: that is for sure. we have them on the program on monday, the company that makes portable smart phone chargers
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watching their first-ever super bowl ad and guess who makes an appearance? none other than god. got himself. roll tape. ♪ >> birthday in nebraska. ♪ >> gosh darn it. all right. charles: listen, controversial ads. go daddy always has controversial ads. >> i think it was slick. i wonder if james cameron was watching or michael bennett diaz so yesterday. this commercial when you watch
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it again, i watched it three times, the elements are striking, it is hollywood cinematic quality, there will be 15 new super bowl ads this sunday. this will likely could be a standout. what does it make? it makes batteries for chargers for your cellphone. charles: i thought it was a commercial five years after obamacare. i guess not. liz: is not the end of the world. charles: disability fraud is absolutely rampant. check this one particular step at. 30% of people who get these benefits have a mental disorder. hard to prove they don't have it. some are faking. we have the guy who knows how to cut through all of that. he will join us next.
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charles: check the big board, still struggling but getting some traction. take a look at ibm, laid out that reportedly begun. we know there was a report of 100,000, it will be big time, stock hit a 52 week low earlier in the morning at one:49 trading off from takeover rumors or rumors of the big hedge fund
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guy in there and in a new high, strong demand for audio systems. if you what made them money with charles the new loans that stock and carmaking a lot of money. got to watch this show. the shake-up at mcdonald's after a ceo don thompson, and lc is leaving in february. the stock pot on that news and filled up today 5%. when a stock goes up on the ceo's departure it meant wall street didn't like the ceo. barack the tenure for thompson. look at their stock versus the dodge and industrial average. he took over in 2012, had two good quarters out the gate and that is all she wrote. matt krenz is a market report with usa today in los angeles. he is being replaced by a branding god but branding is their problem. is this a good move? >> they have to do something to get investors happy meal. stock has done nothing and went nowhere last year. they need to change it up, they need to get the millennials back
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in mcdonald's. they have been told their entire lives to not eat there and now they're at jacobi lined up. they have got to change the brent and the mix and the new ceo is a way to get that done. charles: no doubt about it but they have borne -- a new board of directors of this same board broadened don and thought apple slices, the same board that sold jacoby mexican grill. having said that will they have the guts or green light to get the will join? take everything out of plastic chairs, take it all out, start fresh with a shelf? >> they have already started. in los angeles we have a mcdonald's with the full title balls beautiful tiled floors people kind of handout and go to the bid cafe, so they started making changes. the problem is they need to get awareness that this grant is changing and they are serious about it. they need to add fresh news to the menu. millennials don't want the big mac, they want to be able to put three patty's on instead of two.
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they need to make major branding changes of media is the right choice. charles: it is one thing to brent and create a certain allure if you will but what about the man you. the big mac is 50 years old. anyone over a certain age remembers the two all beef patties what about getting rid of all the sandwiches they have the branded them over decades but forget it, no one wants a quarter of pounder or a big mac. >> the change things. charles: that is the problem. no one has been there. >> that is the point. it is a brendon problem. the food is fine. i go there all the time. a white delight, and perhaps down, smoothies, coffee see -- free wi-fi. they need to get the word out. charles: consumer reports and major story on the best tasting food and they came in dead last in the burger category.
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we got to let you go. hold from one of those smoothies. we will talk later. now all this from the social security administration would 30% of people receiving federal disability benefits have been diagnosed with a mental disorder. cpi investigations, mental illness, i have known about the crazy check for a long time. in essentially, in my mind it is crazy in the sense that a 27-year-old man can walk into the office and say this economy is so bad i am feeling mentally i can't deal with it, they say no problem you get a check. >> having problems leading you get a check or can't focus and you get a check. charles: an amazing thing for the social security administration that such week guidelines for this but if not is hard to prove if someone has a mental problem. >> the resources to go after the people anyway so i guess when the economy is that you look for people to get a check because
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they can't sleep and we live with it. charles: you go buy buildings and young men, able-bodied, strong guys outside listening to music but they can't go to work. what kind of society are we building? how does a guy like you if they said we want a crack down on this because it is up for use of taxpayer money and it is unfair to people who are disabled how would you find them? how would you unlock -- >> the first place i would look is social media. people, once you get the check you are not worried what the federal government is going to do you got the check. so we have to show a few months back where a woman went on the price is right and she was rock climbing and all that stuff and collecting disability. it happens. people forget about how they are frauding the government.
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liz: when you look at the social security disability rolls they are almost the size of the number of people employed in manufacturing sector. that is a lot of people and the numbers have doubled since 1990. is it your sense that the mental disability check is driving the growth rate? and social security disability? >> absolutely. charles: that will go broke next year. there has got to be some sort of implicit wink from the administration or government saying we don't mind. you are taking advantage of the system. the guidelines to get them are too simple. >> i agree. i don't know but i agree with you. 50% in the last 10 years, it is ridiculous. bernard: we love having you on but you tone it down a little bit. your giving me too much of a run. thanks a lot. we appreciate it.
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the big auto companies not that big at this year's superbowl but nissan jumping in after decades. we will explain why next. ♪ know that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today. [ male announcer ] whether it takes 200,000 parts ♪ ♪ 800,000 hours of supercomputing time 3 million lines of code, 40,000 sets of eyes,
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at the celebrated their efforts charles: something is wrong when the official car of the nfl doesn't advertise during the super bowl. 11 automakers than the one $13 million to push their products but these ear only five, one carmakers returned after an 80 year hiatus. jeff flock joins us from chicago. which carmaker is coming that? >> the japanese are in. nissan has not been in the super bowl for 18 straight years but
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are back in a big way this year. i talked to their vp of marketing this morning. look at the ad. it is not even about selling cars. this has become a trend. chrysler had a lot of success with those commercials. this is about work/like balance, 10 seconds of teaser video you just saw but the full ad is 90 seconds. they originally bought a minute of time, they liked the spot so much that they brought an additional 30 seconds. interesting to see what that is the teaser out there so far but you are right, most of the big carmakers are not in this year but the ones that are maybe they will learn some profit from it. charles: they had better do a good job because that is a classic they're trying to remake. you want more of this year's big the? monday with melissa frances has agreed to herbal life. joke wiseman former nfl quarterback at exclusive with
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him and she will be speaking with drew bledsoe coming up at 2:00 eastern. the president meets with house democrats and able to turn down a new budget that proposes more spending and higher taxes. joining us from capitol hill is republican senator chuck grassley from iowa. looks like more of the same from the president. >> obviously particularly the tax increase. of for a longer period of time you can't raise taxes high enough to satisfy the appetite of congress to spend money, over 50 years we spent $1.13 for every $1 coming in. if you raise taxes it went to the bottom line and reduce the deficit would be one thing but the way it really works in washington you are going to raise the dollar, spend $1.13,
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you will never get fiscal conservatism that way. charles: here is the thing everyone likes to go back to their districts with all the goodies they were able to get even if it is a bridge to nowhere. will the president finds some allies among the republicans? the sequestration and get some goodies for everybody? >> first of all in the days of earmarks which ended it two years ago you could say what you got for your district but you can have earmarks, that really can't be a motivation for members of congress. what you are after is the philosophy of government. one group of people mostly liberals, mostly democrats i suppose believe that government does more good than the private sector and republicans tend to rely more or less on government
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not necessarily doing away with the apartments that spending less, having government consume a smaller portion of the gross national product under the theory that it is in your pockets it will do more economic good than a 535 members of congress make a political decision on where to spend the money. charles: you are leading the confirmation hearings of loretta lynch, they continued today. she says that she is different from eric holder. in what way have you seen that? >> i don't know if she has tried to establish herself as different from eric holder. she has tried to have people say, and i don't question it that she is very independent, but we know what this justice department has become, the political, very political
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organization and not being representative of the people as it should be, not having an attorney general that has said no to the president of the united states like a lot of attorney generals like nixon's attorney general resigning because they didn't like the way he was doing things in an unconstitutional way and we are looking -- we are not questioning her qualifications. she is smart but has a good degree endangers her questions well. and by the time we review the record, it answers questions for the record. that determination, we can't make that determination. charles: i appreciate him time to speak to audience. i have a question for john stossel. when does an idea become property? can you own it?
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brotherhood. join us at 7:00 and 11:00 eastern. charles: want to bring in john stossel, owning his ideas. i agree with you on some of this. feels like a slippery slope when we talk about things that someone created being part of public domain. >> is very slippery slope. if you have thought movies that cost $100 million and people can't pirate it will you make the movie? they still are and they are making more money to never but piracy is way up but if you are a drug company and it takes ten years and no one hundred billion dollars in people can copy it that is not just fair. what does a magician do if the patents his trek? people know the trick. what do comedians do when they find informal outside government ways, magicians and comedians, to police each other?
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there is no copyright, the author is hurt but look at charles dickens, you read a christmas carol or oliver twist he got rich in america and got no money of any of his books because we did not garner copyright from other countries that that made the book so cheap so many people they paid a fortune to come in here and speak. it before it is ironic because that is the music industry. are to get a platinum album but you put it out and everyone steal it, the concert revenue is amazing. is this a new business model or is it a different way of looking at a, quote sharing economy? john: with music you have ans like bridgesport music, they make no music but own patents and they suit and make money over two seconds piece of music, a screeching sound. that was -- that restrict people's ability just like the movie sell but they couldn't use martin luther king's actual words because the family holds
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welcome back to showdown! i'm jerry rice here discussing the big race between the tortoise and the hare. my guest is stephanie branton. jerry, i'm going bunny. shocker. not really. you see, the hare's "thoracic limbs" allow for greater extension and elongated strides. look for the hare to leverage this advantage. ok. they challenge us. they take us to worlds full of heroes and titans. for respawn, building the best teractive entertainment begins with the cloud. this is "titanfall," the first multi-player game built
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and run on microsoft azure. empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud. >> i think this is sort of like the old movie peter pan. if you think lovely thoughts, you can fly. how is he going to pay for it? barack obama has no real idea where these taxes called from. it is like tinkerbell's dixie dust. charles: a witty response.
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deirdre: giving us his view on what happened. spongebob cut the cord. viacom nickelodeon moves out in search of growth. what it means for at&t, for rise in and . a powerful chinese claim. jo ling kent is here. she spoke earlier. >> it has everything to do with mobile. major migration. you do not see it as being as high.
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