are raising wages as well as their guidance being a little disappointing as well. mixed market today. that will do it for "the opening bell". see you to miley and "varney and company" begins right now. have a great show. stuart: where is the action on terror? nothing from the summit. where's the growth for the economy did don't expect much says white house. is this a bubble? snapped at worth $19 billion? good morning, everyone. you hear the news you have to shake your head sometimes. how can this be? the president speak again at the summit on countering extremist violence, islamic terror marches on and the obama team does absolutely nothing except talk. let economy slows and here is the white house forecast, 2% growth. fewer people in the work force, wages flat. if only we could tax and spend some more. that is sarcasm but the wheels are falling off this obama bus. but not technology.

snap chat is worth $19 billion. has 35 employees that is well concentration. it may also be a bubble. walmart raising wages, "varney and company" is about to begin. ♪ don: stuart: we will bring this to you. oil inventories, the amount of oil in storage did go straight up? 7.7 million barrels, that is what we have in storage, twice what was expected to be in those tanks and that sent the price down. we have oil around $50 a barrel. was 49 a little earlier. in a couple minutes we have the man who called the drop in oil

prices, joins us from chicago momentarily, the current drought is not over yet. terror has got to be front and center in the news just about every day these days and president obama is standing by his claims that to prevent people turning to terror we need to create jobs. poverty is the root cause of terror, he says. this is what he said at a white house summit i am quoting again directly we do have to address the grievances that terrorists exploited including economic. washington times online opinion editor monica crowley is with us. comment on the last point that terrorists have legitimate grievances. >> this is what you get when you put extreme leftists like barack obama in charge of the nation's natural security, you get statements like this. we heard this from the left after 9/11 when they jump on the 9/11 hijackers and tried to attribute the root cause of terrorism to poverty lack of education, lack of opportunity. most of those hijackers were

middle-class to ever middle-class and highly educated they were engineers. usama bin laden's family are of billionaires'. what the left always does including what obama did yesterday is involved in the victimhood cult. everybody is the victim. everyone in the muslim world is a victim of oppression or lack of opportunity and the transfer of responsibility. is our responsibility now to airlift job fairs and obamacare and subsidized housing. stuart: just moments ago he was a wealthy countries have a responsibility to invest over there wherever overs there is. is he calling for my tax money, your tax money to go and be spent overs they're creating jobs so they don't the head christians? >> the reason is logically inconsistent is there's plenty of unemployment across the middle east because we know most of these economies are oil

driven. plenty of unemployment. christians all unemployed, people of other faiths, jews unemployed, they are not blowing people up and be hitting people. stuart: why is he doing this? why is he saying these things at a summit on extremist violence. why does he do this? >> if he told the truth about the nature of this threat which is a religious movement the objective of which is the global domination of islam he would have to do something more serious than he is doing. stuart: he is reluctant to use our armed forces period. >> is also the anti-abortion and no way he will preside over any military intervention. stuart: could make the case that the king of jordan, the egyptian president, they're doing something about it, they are meeting. you could make the case of the we should not be doing anything because it is not our backyard and president obama is right. can you make that case? >> you could make that case and i was supported to this degree. of the united states for

furnishing the jordanian and egyptian dance saudis and others who want to take on this fight with weapons, material, training, arms and money. all the things that are going to be required to fight this war we are not doing that. stuart: you worked up a good head of steam. check the big board, let's have a market check this thursday morning, the dow is below the 18,000 level but that is hardly a huge decline, 0.24%. look at wal-mart, they made more money than expected, disappointing forecast tides into the economy but it is going to give half a million phalange part-time employees are raised, spend about $1 billion doing that. it is it buckling under to union pressure? i don't know. stock is down 2.5% 84 at walmart. look at this. priceline higher profits, strong hotel and rental bookings for the overseas markets overseas,

stock is up $88, that is almost 8% $1,200 a share on priceline. obama obamanomics not working. economy will only grow in average of 2.3% year over the long term. charlie gasparino is here. that is not a very good growth rate and it is coming from the white house itself. >> it is more of the same. he will blame george bush for handing him a financial crisis. stuart: he will blame republicans for not spending money on infrastructure. >> he will start by blaming george bush for handing him a bad hand and start talking about not enough infrastructure, why aren't we raising the minimum wage which in his view would have a keynesian impact. the problem with this, it should be a front-page story in every newspaper. this economic system is not working. we had higher taxes, minimum-wage going up across the

country in different states yet gdp is still at a level that is atrocious. you can't put enough people to work and when gdp falls like that you have a problem with those programs he wants to institute. stuart: we are in a mess because you can't spend all this money in the low growth economy because you build up the debt. >> growth gives liberalism chance to flourish. he missed that boat by mishandling the stimulus package. we need a stimulus package in the financial crisis, it is the type of stimulus package that should have been done better. i had an interesting debate with the blogger air. we were talking about the stimulus package, should have been twice as big. let me ask why would you trust obama even if it was twice as big? i am paraphrasing, she goes you are right, it was instituted

very poorly. this is the game that couldn't shoot straight according to the liberals. stuart: why does the president in his own forecast this is a forecast of 2.3% from the white house looking blade down the road and they tolerate flat wages low growth and lower labor force participation rate, why does he do that? i want you to answer that? >> the point of the leftist to grow government as widespread as possible and the ultimate objective is to make itself justified so you will receive more tax dollars to grow the government but the ultimate objective is to get as many people dependent and a permanent democrat voting majority. stuart: the proof is in but putting up. coming out of the financial crisis on the front burner.

and he didn't care about the economy. stuart: dow industrials are 18. >> zero interest rates. don: stuart: thanks very much. in case you missed it let's go to laurent for the headlines. >> and monica, and sky high valuations for a trail of tech companies. the latest round of funding is $1 billion b overwhelming demand from institutional investors. what do they plan to do with the money to expand in asia and invest its car pool service in the u.s. so how much is it worth? $40 billion. next we have snapped at. they disappear, it is only a few years old and snap chat is also the company that famously denied

facebook's $3 billion buyout offer two years ago most recently valued at three times that. how much is it worth exactly? $19 billion. hard to believe from a company that was 40 employees and then the web site and apps that lets users post, at and the recent items, almost 5 years old 500 people, how much is it worth? try a $11 billion. those are your headlines. the evaluations are engaged with that. stuart: some would call that a bubble. state department spokesperson mary hart says we prevent terror with jobs and investment. she is not sure you are smart enough to understand that argument. before we get into that we have to mention boston still buried under 7 feet of snow. what do you do with 7 feet of snow? jump out the window and going to as that young man did.

watch this. >> no! ♪

the future of the market is never clear. but at t. rowe price we can help guide your retirement savings. our experience is one reason 100% of our retirement funds beat their 10-year lipper averages. so wherever your long-term goals take you we can help you feel confident. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence. there's nothing more romantic than a spontaneous moment. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex.

do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com

stuart: we follow apple, it is the stock of the decade if not the generation. $129.03, that was earlier not far from a market cap of $750 billion down of fraction now, still 128.

a new job the state department replacing the white house communications director, it served as press secretary of president obama's campaigns and goes to the hillary campaign. mary hart may become the top spokesperson at the state department. >> will be good times. stuart: what to do again mean by that? >> for material? good times for the country, a pretty devastating. a little bit of the short end leva stick for stupid comments about giving jobs to terrorists because she was just echoing what her boss believes. president obama said the same thing yesterday. stuart: get out and defend what the president said. former hewlett-packard chief and potential 2016 presidential campaign carly fiorina taking aim at liberals they think some are smarter than others better than others, some can't live the life of dignity and purpose and meaning but never mind.

we will take care of you and decide for you. she goes on i don't doubt that they care but i also don't doubt that in their heart of hearts a lot of them think i am smarter than you. case in point the aforementioned mary hart to double down give jobs to terrorists by saying people criticizing her stance are essentially not smart enough to understand her new odds argument. kerrimac one is with us from boston. you were at harvard law. you have the intelligence to understand what is going on haven't you? >> i do and i completely disagree with her. this speaks to liberalism, the american voter as jonathan gruber said, the american voters too stupid to understand the parole policy. we are too simple minded to understand the nuances of how job creation will combat isis. it speaks to use their

conception of the american voter and the american public and the people they purport to represent. very disturbing. stuart: president obama half an hour ago is a wealthy countries have responsibility to help good governance and help investment and help create jobs in those societies which are being torn apart by extremist violence, islamic terror if you want to call it that. does he have a point? do we want our tax money to go and be spent over there creating jobs to prevent terror? is there a point in that? >> there is not because it is not the answer to the problem and this is the thing. when you hear what obama is saying, education, promoting western tolerance is somehow going to combat terrorism a fundamental misunderstanding of the problem. trying to explain evil and that is what this is. when isis begins 21 coptic christians and burn alive a jordanian pilot this is not discontent with not having a

job. this is not lack of education. this is pure unadulterated evil and the president fails to recognize this and jewish. the simple-minded george bush with a southern accent had it right. he understood what the problem was the liberals don't see it. stuart: you are in boston. we got the sky line right behind you. we don't see much snow in the skyline but that is the skyline. he missed the appearance on the program because of that snow. we hear that many people in jumping out their windows into piles of snow. the mayor of boston says don't do it that. are people going a little stir crazy? have you jump out any windows into the snow at harvard? >> i have not. i jumped into piles of snow, failed to jump on my window yet, and bill little stir crazy. i failed to take it to the moron extent of diving out the window.

stuart: the moronic step? young people surely that is not moronic. they live dangerously. what is life without a little danger? i-man not go on television and say take a little risk, can't do it that, i will get sued but you know where i am coming from? >> i do but there are huge problems. my friend saw someone get very upside-down with all four legs of the chair sticking up. very dangerous stuff here. stuart: you sound like a liability lawyer. are you liability lawyer? >> on their claims. stuart: time is up. you will be back see you later, joe -- go jump out of a window. i cannot say that. bill and hillary clinton foundation taking in $2 billion since 2001. you won't believe where that money comes from.

also one of the most iconic programs in sports, muhammad ali, 40 years ago. we have the boxing gloves both fighters actually work. they are headed to the auction block and they will be in our studio next hour.

opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. i'd rather do anything else than sit at a dealership. it's a lot of haggling and it takes so long. craig's experience is completely different than mine. yeah. yes, mike has used 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. get your car, and get back to the life you love. welcome to the future of car-buying.

you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom! you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car plus depreciation. call and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch to liberty mutual insurance and you could save up to $423 dollars. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance.

stuart: gas is another penny. we are $1.10 lower. the upward streak on gas continues, 24 straight days. and the $1 club with an average for regular is $2 below. bill and hillary raising serious money in the foundation. it has cooled in $2 billion into was created in 2001. from foreign countries, is this a conflict of interest? >> of course it is which is why they put their own self-imposed ban particularly on money from foreign countries while hillary

clinton was secretary of state because they knew was a giant conflict of interest. now that she is running for president, she hasn't announced but obviously she is it is more of a conflict of interest because she could be the commander-in-chief of the united states and they have lifted that ban so for many is coming back to the clinton foundation. stuart: backdoor influence. you give money not directly to hillary clinton's campaign, given to this third party as a way of influencing a potential future president. >> exactly right. stuart: in direct. >> like laundering money. they take money not that it is dirty per se but cleans to the clinton foundation and who knows how much money will find its way to her super pac, her campaign, we don't know. money for them has always been an issue. remember with the nations that have been suspect? she had fund-raisers, top donors go to prison for all kinds of unethical behavior. by lifting the ban on foreign money coming into the foundation

she is raising all of these questions once again and that will once again play into this. stuart: what about taking money from big wall street donors? that won't sit well with the left. >> another huge problem for her. she sat down with the elizabeth warren once again because she is the populist on the far left going after the big banks, guys like goldman sachs and she has been tagged with wall street throughout her political career bill clinton as well taking big donations from wall street, probably going to hurt her with her base. she still is going to get the nomination and run for president but if her base is not enthused about her she is weakened already going into that. stuart: take that smile off your face. >> will be a great race. i take nothing for granted. stuart: i want to check the big board, we are down 16 points, not much movement in the stock market. 18,000 is where the dow is. there is movement in oil, back

to $50 a barrel following news the we had a big jump in the amount of oil in storage, will add 50 down almost $2 quite a drop but holding at 50 at this moment. the justice department filing a lawsuit against the ferguson police department, racial discrimination. the judge on that is next.

stuart: if the price of oil is established, we have to tell you this morning that there is a awful lot of supply out there. 7 million barrels of oil in storage. inventory. twice as much as had been expected. scott is with us. the man from chicago who forecasted the price of oil would go down to the low 40s. yesterday, i think scott you said it would go down again. >> it does not look like i am the most religious guy out there.

look at the c group economic price index. we are missing. stuart: i think we do often forget america's economy is slowing. europe is in bad shape. china is not doing as well as said. the supply goes up. taking a good look around 48.

stuart: glad to have you back. see you soon. the department of justice preparing to bring a lawsuit against the entire ferguson police department. outgoing attorney general eric holder says he will release his findings on the case later this week. just going after ferguson and trying to get them for something. not only the records of what happens there.

they are backfired for 10 years. a newer presence i have been harshly critical of them. if the fbi has uncovered a pattern of decisions based on race the attorney general has no choice but to expose that. i promise you this, i will read it for you and tell you what i think it means and if it forms the basis for lytic litigation.

not a friend of the police. a friend of. government. a friend of behavior after the constitution. you could also make the case that he is very concerned based on race. stuart: in your judgment, has he been a good attorney general? >> kill americans with the drones. i have never seen an attorney general that reported, attempted to uncover unconstitutional

behavior with legalistic language to make it sound lawful when it absolutely is not. people will argue she has some political motivation. you are right. she may be saddled with a welcoming guest. >> what do you think?

stuart: thank you judge. >> bank you, my friend. they said it may be working on a car. tesla is up $210 a share despite oil moving lower. facebook is a winner. shares down 2%. now this. chief executive shane smith. said to have spent the hundred thousand dollars for a dinner at the steakhouse in the blasio hotel in las vegas. look who is here. tracy byrnes. cheryl: this man spent this money out of his own pocket. he won his money playing mostly black jack.

>> what do you mean? >> mgm executives -- someone had a $300 tab. >> everyone jumped on this. who the heck spent this money? this is great news on the heels of president obama. i think this is a good thing all around. maybe next time we will be invited. stuart: new york giants.

he will be here to talk about life after football. getting into twitter fights with fans. what? ♪ forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me.

♪ >> i am adam shapiro live on the floor of the new york stock exchange. the dow jones industrial average is down. the nasdaq has hit a new 52 week high. walmart missed on revenue. exxon mobil still wheeling after the explosion at a refinery and california guest today. priceline up 8%. also cable reservations. apple hitting a new 52 week high. news that it is trying to make batteries for automobiles. stuart varney right after this. ♪

opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. stuart: catherine nick tweeted his off-season workout regimen to create that he is working hard. and after workout will not help you find an open receiver.

read the tweeted again. better yet, give me your breakdown. look who is here. you know him. three-time super bowl champion. >> even if we had nothing good can come from it. >> i do not get that. i play for played for the giants. eagles, big rivalry.

stuart:. guys knocking down your quarterback. >> i am also a spokesman. >> i am looking at it right now. a medical device to help with towing pain. stuart: as heavy as lead. >> it will adjust them.

it helps with -- stuart: looking at the camera. these are heavy-duty pads that go underneath the shoe. they are adjustable. what your issues are with your head up or your knees or your back. it does not fix it automatically. over time, it is a treatment protocol. i enjoy working out with them. look how warned this is. stuart: how many years ago did you quit the nfl? do you have joint goblins because of your nfl days?

>> it is what it is. i have played right in the middle. it was very physical. stuart: i know you are trying to dumb this down for me. [laughter] right in the middle where the big guys are going at it. >> about 290 pounds. give or take. stuart: you look great. an attorney to boot. >> i had to lose some weight. as years go by your joints still does. we came across this. i got introduced to this. it is all about preventative and doing something instead of

having to go through some very invasive surgeries you can use this. it can even help after you have had a surgery. stuart: what a pleasure it is to meet someone far well known more than i am. apple's therapy. great to have you with us. president obama wants to regulate the internet. how about early in their mark cuban. he thinks that's a terrible idea. >> do not let them ruin the internet. demonizing these countries. ♪

you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by

calling switch to liberty mutual and you can save up to $423. for a free quote today,call liberty mutual insurance at see car insurance in a whole new light. liberty mutual insurance.

stuart: an astounding number for you. $300,000 a month in rent. a one-bedroom apartment on new york city's upper east side. cheryl: one-bedroom. one half bath. 1200 square feet. that is it.

$300,000 a month. 3.6 million you are paying in rent. its furnished obviously. stuart: how on earth could you charge 300 grand a month? >> they are trying to court that foreign money. those wealthy investors that maybe want to buy in new york city, but maybe want to rent. they obviously do not want to do this month to month. this is a new record, by the way. twenty east 76th street. the upper east side. a very affluent area. you have the money the buildings, all that good stuff over there.

upper east side hotel. 150,000, 120,000 a month for one-bedroom. this is not unheard of any more. 300 grand a month. there is a spot. other amenities. stuart: thank you very much, indeed. president obama wants to regulate the internet. here is what mark cuban thought about that. >> do not let them ruin the internet. demonizing these companies. trying to introduce things that do not need to be introduced. stuart: we've bleeped that one out for you, everybody. okay. the president wants to regulate the internet.

he wants to organize prices of what i am charge for internet services. you think that is a lousy idea. you think that is bad for business. >> we only charge $40. we have increased speeds by 3000%. our price is essentially the same. giving the consumers what they want. stuart: you want the freedom to charge what you want. >> correct. stuart: they want to control the prices. >> regulations have been in place since 1934. they were done at a time when the phone industry was a true monopoly. stuart: what can you not do because he does that? >> clearly, each time i want to

do something for the government, meaning, i was in washington last week. that is not the way this business has grown. if it was not for our infrastructure underground although work we have done whether it is the iphone, the ipad computers some of you are operating. >> if you wanted to increase the speed of delivery, you would have to ask the government if you could charge more for higher speeds. >> most likely. >> it is fair to say they are not interested. they are subject to the next convention. subject to the next president.

stuart: if you were a betting man, would you say that, yes the internet will be a utility. >> i think, it will be announced next week. between now and then, a real ocean. this beautiful country over america. stuart: rocco, you are a great is this guy. thank you, sir. one of the president's harshest critics is up next. all obama's brutal foreign-policy. dan honegger. he is here. mohammed ali. when he knocked out sunnier williston. we have the gloves here in the studio. the second hour is two minutes away.

♪ nlimited mileage warranty on a certified pre-owned mercedes-benz? what does it mean to drive as far as you want... for up to three years... and be covered? it means your odometer... is there to record... the memories. during the mercedes-benz certified pre-owned sales event now through march 2nd, you'll get complimentary pre-paid maintenance and receive your first two month's payments on us. only at your authorized mercedes-benz dealer.

i don't know what i should do next. do what everybody else does. start a business. build yourself a website. welcome to t.o.'s humble pies. with wix.com ... let's party! ... we make it easy to create your own all-pro website ... ... all by yourself. favre & carve! you did that yourself? don't look so surprised. wix.com. it's that easy.

lower attended a local council meeting you know what the committee man is. they sit for hours talking. president obama is a great committee man. if you attended college you know what an academic is. they are so smart. they don't just talk, they lecture because they know better than you. president obama is an academic. are those talents right for the presidency at this time? i say no. the professor is totally out of touch. president obama 4 cups a storm that at the end of that talking you better have a plan of action something concrete has to emerge or it is empty feel-good blather and it is good that the president is smart but please, mr. president, enough with the electors would i don't want to be elected about muslim grievances. what grievance justifies the headings and burnings? there is a professor, he is

smart and articulate but ignoring deliberately the terror threat that is marching at us. that is a community organizer in the white house. he creates communities, committees, he is not organizing our community. we are of a people, we are the community of the united states ended to be organizing our response to but terry and depravity but he is not. he will talk all day long and do nothing and we the people will eventually pay the price. very little change in stock prices this thursday morning. we are right at 18,000, down 14. another day another record for apple. earlier today it touched $129 per share, near the three quarters of $1 trillion in market value. look at priceline, better profits fell by better rental

bookings overseas, up she goes, $91, $1,200 a share. oil right now is at $51 a barrel a big surge in supply cut down to 49 and is back to 51. gasoline up a penny your national average for regular is known $2.27. we do this every day, where is the cheapest gas in the land? $1.62 cash only sam's club in idaho falls, idaho. now to the professor in the white house. wall street journal's dan henninger is here. his new peace in the journal is titled obama's brutal foreign policy. call little strong, brutal foreign policy? explain yourself? >> it is brutal in the sense there is so much chaos and brutality occurring in the world and this white house clearly is not going to lift a finger. you have these ukrainian army

surrounded can't they have been beating the fort year-and-a-half to get defensive arms from the united states, they didn't get it. they did not supply them with anything. and they are surrounded. and in the past 24 hours they start a long march out of the city with vladimir putin whatcom at them saying get over it, life goes on, you win some, you lose some. stuart: what about isis? >> we know what isis has been doing. i think the president is acutely consciously aware of all the things we are talking about for but he is bloodlessly deciding he is not going to commit u.s. resources in the middle east or in eastern europe and i am calling this left-wing politics, a conscious decision not to get involved

dollars because as a man of the left he would rather spend tens of millions in the united states on domestic programs. stuart: is the deliberate isolationist? >> yes he is a deliberate isolationist. the modern lefty's isolationist in a way that the liberal international starting with jfk and lbj and even bill clinton engage in the world. the american left does not want to be out in the world because they don't want to spend the money, solely concerned with spending money on things like obamacare, free community college and programs like that. and getting behind the curve of history and you have the cbs poll but says 60% of the american people see isis as a clear and present danger to the united states, 57% want as to commit ground troops and i don't think even president obama can hold out for two years doing next to nothing about these

threats. stuart: what happens if there is a terror incident in the united states in our home country related to isis and the president had this position of not going after them over if there? that is a political catastrophe for the president and a security issue for all of us and a catastrophe for the president. >> his presidency would publicly crumble at that point. it would start coming up art. there would be no support. his support in congress would erode, the american people would be crying out for action. the president at that point would be forced to either do something or step back and say i don't want to do this job anymore. stuart: have you ever seen a president and a quarter like this? in a quarter of obamacare, immigration the economy to some degree, on taxes, spending and terror, he is in a quarter of his own making. >> that is the point. this is the presidency of such extraordinary arrogance he has convinced that he is right, everyone else is wrong, i am the president which he says that all the time. i am the president, it is my

responsibility, a make what he calls on hard choices. the hard choices are putting the american people in an extremely hard spot. stuart: you have your column every thursday in the wall street journal called wonderland. we read it assiduously. thank you very much indeed. look at wal-mart stock raising hourly wages for half-million of full part-time workers, it was the $1 billion doing that. the new hourly wage will be more than $9 per hour or higher beginning in april. liz macdonald is here. why did they do this? are vacating to pressure? liz: they say it is to have a better work force. that is the bottom line from the ceo at statement, it is half a million full-time and part-time workers they have come under heavy fire for doing things like spending $7 billion to $8 billion on stock buybacks, their workers have to take public benefits. there is a point to be made with

turnover at wal-mart especially the part-time work force, you have to pay a lot of money to train new workers if you pay more money, maybe you can keep them in the door. stuart: maybe it works for them. maybe there is up a off. liz: maybe there's a pot in reduced training and similar costs. stuart: do they want to hire a quality worker? liz: walmart is aware who walks in the door. stuart: when walmart advertises a position thousands of people. liz: they have a workforce bigger than the u.s. army by some counts. people do line up and wal-mart does give decent benefits for the catch your job. you wouldn't get those benefits elsewhere but wal-mart raising the wage is similar to what is going on in states across the country, subway, mcdonald's, ikea. stuart: getting the left of their back? short sharp answer, we like

that. in case you missed it, that is the name of this segment, lauren simonetti, three stories involving changing tastes. >> in case you missed it is lunchtime. this has to do with lunch and changing tastes. like nestle it wants to be considered healthier so it is shifting to simple, easy to understand ingredients hershey kisses will no longer have lactose and artificial flavors, they will shift to non genetically modified sugar among other changes. this is a big deal from the nation's biggest chocolatemaker. her she says it does not plan to raise candy prices, shares are down 1/2%. another company moving in the opposite direction is little caesars making a pizza crust wrapped with a 3-1/2 feet of bacon. so look at that. every single time you bite it you get bacon. we love bacon.

bacon sells at $4 billion, you can buy this new high next week for $12 would cover your years, 450 calories 23 grams of fat, what ever. you might have to wait longer for girl scout cookies because the company that makes the mes facing a shortage of the popular -- the push back delivery to march 21st, selling $50 million of cookies a year. stuart: i want to get back to the bacon. three feet of bacon, put that picture up again. i want to see that. >> you know how they came up with his feet in their company was eating dinner and one of the entrees was wrapped in bacon and they said this is amazing. how do we wrap up pizza in bacon? stuart: the things that will be popular? at $12 a pie three feet of bacon, a popular? >> yes. we have more money now so $12

expensive for little caesars we will spend it because we are richer timing is key and love bacon. stuart: i won't ask dan henninger your if he would be three feet of bacon. >> i am on my way out the door. >> this is a home run. stuart: i really am very sorry. >> cinnamon girl scout cinnamon i am kidding. >> inside the pie next week, february 23rd? stuart: the rest of the hour, let me get on with it. a big theme on "varney and company," technology, concentrates wealth. is it possible? 12:32 precisely for that store. rudy giuliani says president obama does not love america. we will get your reaction to that at 12:25. also dr. mark siegel, hundreds of feet exposed to a superbug at ucla medical center what is that about? later this hour a piece of

sports history. both pairs of boxing gloves born in this iconic photo, most body -- muhammad ali's knockout, on set for auction at 12:50 today.

you can't predict the market. but at t. rowe price we've helped guide our clients through good times and bad. our experienced investment professionals are one reason over 85% of our mutual funds beat their 10-year lipper averages. so in a variety of markets we can help you feel confident. request a prospectus or summary prospectus with

investment information risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence. stuart: read this morning will was the low $50 a barrel, this big report on excess supply, it is come back again, $51 a barrel but down $0.80. let's get to the irs and that scandal. congressman trey goudy wants a select committee to investigate the irs scandal. elizabeth macdonald is here. i am picking up on the word selleck, select committee. he was the guy who really wanted to question lower lerner. jasonmac -- what is a select committee? liz: he would like a select committee, they can interrogate witnesses, and go on a

fact-finding investigation probe into the issue at hand an appeal to the full house and senate, to hold any witness in contempt. stuart: still has full legal teeth. liz: however, this situation bay eggs to a special prosecutor like we had in whitewater, and they used in watergate but does it really get to the bottom of it because all of a sudden you see more lois lerner e-mails. stuart: a special prosecutor would have to be appointed by the attorney general and attorney general in the obama will not do it he goes around that with the select committee. very similar powers. >> and a chance to read a lot of headlines. i will tell you what is going on right now. the government does not investigate itself like a does publicly traded companies so that is an issue too. we are left with good treasury inspector general reports and

audits but up power of interrogation and subpoena power is what you mean to get to the bottom. stuart: who decides whether congressman trey goudy gets a select committee or not? liz: looks like john boehner. he is suggesting a ohio congressman jim jordan has it but the powers that be in congress get to decide. stuart: so presumably on screen there he will get all that committee. liz: or mitch mcconnell could do as well in the senate. stuart: ucla medical center says seven people have been infected with drug-resistant super bug. two of those patients of died. 179 others may have been exposed. officials say an and sterilize medical device may be to blame. more on the superbut, dr. mark siegel is here. define superbug. >> i will define it the way the cdc tends to define it which is

resistant bacteria a bacteria that doesn't respond to the usual antibiotics. doesn't mean it doesn't respond to any antibiotics. in the case of the one you are talking about today it can be treated by an antibiotic known as the amino glycocide did is problematic to treated because it is toxic to the kidneys. stuart: i keep hearing the words superbut in hospitals all over the place. seems like that any. is it a growing problem that the old form of antibiotics no longer work on these bugs? >> it is a huge problem and the triple headed problem. i am glad you brought this up because this is the business channel. there are couple business reasons for this. hospitals are not cleaning themselves properly. not enough disinfectant not enough disinfecting because hospitals are in trouble. they don't have the money to spend keeping themselves

disinfected. secondly doctors practice defensive medicine, prescribe antibiotics because they don't want to be accused of missing an infection so in this case the antibiotic that is overuse is -- guess what? this bacteria is resistant to it. it is not a surprise because bacteria millions of colonies warm looking for the combination to the vault until they get the resistance they need to survive. survival of that bacteria. their reason is drug companies don't have that incentive to make a new antibiotic because somebody might pop viagra or aspirin every day but antibiotics you only need when you have an infection. is not a good business model. they won't make enough money on an antibiotic because not enough people suffering an infection at any given time when they have to put the same billion dollars into creating this drug that they put into creating a viagra. stuart: they are not putting the

money into this new range of antibiotics weekly need because you don't need them often enough. that is it? >> with the one exception. they're working on antibiotics coming out of this oil and some of these shows promise against these particular bugs but if there was more incentive, more profit in this you would see a lot more. stuart: what is this about antibiotic coming out of the soil? >> there are tons of bacteria in the soil, tons of bacteria in the soil and natural antibiotics in the soil made by other bacteria to get rid of their competitors. is a very cool world out there. bacteria getting eaten by other bacteria so they create chemicals to ward them off. stuart: how much does the new antibiotics cost? much more expensive than old-fashioned penicillin? >> penicillin is extremely cheap. penicillin might be $10. how is the biology lesson?

stuart: that was very good and i am no longer so concerned about superbugs. >> you should be because again they are swarming but they are not going to come out into the community. stuart: swarming but coming out in the community. dr. mark siegel, thank you. mayor rudy guiliani says president obama does not love america. what you had to say about that after this. >> rhetoric, i very rarely hear him say the things i used to hear ronald reagan say or bill clinton about how much he loves america.

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. go to startup.ny.gov.

it's frustrating being stuck in the house. good thing xfinity's got 2 hour appointment windows. they even guarantee they'll be on time or i get a $20 credit. it's perfect for me... ...'cause i got things to do. ♪

♪ oh, yeah! woooo! with a guaranteed 2 hour appointment window and a 97% on-time rate xfinity is perfect for people with a busy life. stuart: here is the selfy everyone is talking about. a web cam showing the construction for saturday at stadium series between the l a kings and senators. date raven showed up, the bird walked in front of the camera, struck a few poses. look at him bill. squawked at the camera and then flew away. will fly away momentarily. there you go. there is the squawk. isn't that cute? 8 raven. subtle difference. rudy guiliani is making headlines for saying that he does not think president obama

loves america. here is how he responded to his critics on fox and friends this morning. >> i'm not questioning his patriotism. he is a patriot i am sure. what i am saying is in his rhetoric i very rarely hear him say the things i used to hear ronald reagan's say, the things i used to hear bill clinton say about how much he loves america. i hear him criticize america more often than other presidents. stuart: here is what you had to say. rudy guiliani probably is right. one was the last time obama defend america? roger says unfortunately actions speak louder than words. another one of our twitter followers said forget obama. however i wish the new congress loved america more. liz macdonald is here. >> rudy guiliani is lighting up the internet. and other things he said, essentially taking issue with

the criticism the president leveled against america colonialism, rudy giuliani says how many times to we have to see and what country has left some many young dead men and women on other battlefields in other lands without taking the land, appointed the same of the president is off base in attacking america for its colonialism. stuart: didn't dimensions something about the way the president was brought up from most people? >> wasn't brought up to love the united states as many of us including rudy guiliani said he was raised. stuart: in indonesia. somewhat different. >> he did spend time there. the other point, the president was basically comparing the crusades as religious extremism. rudy guiliani said that was an equal battle between two groups of barbarians, muslims and crusading barbarians with reminding people of the savagery of both sides of that fight.

stuart: tech concentrates wealth. companies with 100 employees worth tens of billions of dollars. uber interest snap chat with valuations in the billions of dollars is in a bubble? we plan to that question next. tonight at 9:00 eastern strange inheritance with jamie colby on the fox business network. is a hit and here is why. >> world-record car collection. >> she just kept going. he never stopped. >> i believe his goal was to have one of every car ever made. a maverick driven to leave a mark. >> you went to a wrecking yard and bought a whole wrecking yard. >> his family promises to carry out his grand plan. >> there was a feeling of dread, will leave excitement and enthusiasm. >> love it. the hair blowing. the top is down.

the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. the road. it can bring out the worst in people. but the m-class scans for danger... ...corrects for lane drifting... ...and if necessary, it will even brake all by itself. it is a luxury suv

engineered to get you there and back safely. for tomorrow is another fight. the 2015 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services.

stuart: just dropped below 18,000. another day. another record. 129. $749 billion market value. bid boost from hotel and rental car bookings. look at tesla.

we watch it closely. shares are up even though oil is down. big name tax valued in the billions. sometimes like 1999 all over again. i have some numbers for you. valued at $40 billion. snap chat. a disappearing message app. $19 billion worth of value they are. only 40 employees. pinterest. a popular social media site. 500 employees. it is worth $11 billion. look at valuations like that. going through those three companies. would you say that this is

bubbles territory? >> probably the most viable of the three. a 20% revenue model. rides owing on in new york city and throughout the world. they are grabbing onto revenues as we go. the whole big mess when we put it all together, 85 billion. that is putting us up not quite two, but near those numbers you talked about. stuart: that is a small section of the technology field, if you like. move on to snap chat. night teen billion dollars.

would you call that a bowlful valuation? >> that one is definitely a bowlful valuation. not even going after revenues until the middle of last year. their potential valuation. nine teen billion. they have 700 million pictures a day coming through on snap chat with those disappearing photos that you talked about. >> these are not stocks. they sell some shares privately to raise a little bit of money. that is how you tell the overall value. how about pinterest.

11 billion. they have an amazing demographic. 80% of pinterest users are women. they are coming from mobile. they are doing some really good things there. brings in somewhere in the neighborhood of $50 million. they are doing a lot of good things to monetize those eyeballs. they may still earn it. stuart: very interesting

question. thank you very much, indeed. we appreciate it. new numbers on teen smoking. twelve and 13 -year-olds. 4,000,014-17 -year-olds have smoked a cigarette. and lots of very young people smoking cigarettes. maybe that is why this anti-smoking campaign was aired twice. ♪ ♪ ♪

stuart: okay. it goes on from there. american legacy foundations truth campaign. welcome. 380,012 and 13 -year-olds have smoked a cigarette. i do not know how many total 12 and 13 -year-olds are in the country. it does not seem like a very high number to me. it does not seem like it is a huge problem. >> first off, thank you for including me in the show today. i will give you a couple of data points. great improvement and driving smoking rates down. teen smoking rates were somewhere around 22-23%. rates today are around 8%.

when you brought in the aperture mainly little cigars and flavored cigars, those rates are creeping up north of 21%. stuart: did you include marijuana? >> fair question. that is not included in that number. our sole focus is combustible cigarettes and combustible tobacco. what we see is a transfer in the behavior away from cigarettes to other combustible products that are equal as deadly, equal as the did give. stuart: do you think that he cigarettes are as dangerous to your health as a regular cigarette? >> the jury is out on that. to be determined.

one thing that i think all scientists can agree upon. the most addictive substance on the planet. while we do not know the benefits and proconsul, we can all agree upon it. stuart: where did you get your money from? >> the master settlement. stuart: this is money taken off the tobacco companies used by you to get kids to smoke a whole lot less, if at all. i asked the question because that is the way it is supposed to work. >> thank you very much. tobacco is still the number one cause of death in the u.s.

alone. we have a lot of work ahead of us. when you look at specific categories if you remove smoking from the equation, you are radically almost an entire category. stuart: we appreciate you being on the show today. we left behind sensitive information when we withdrew from our embassy. some hinting at confusion. ♪

♪ >> i am adam shapiro live on the floor of the new york stock exchange. 2102. it has pulled back. the nasdaq is still up 13 points. priceline. an amazing earnings report. trip advisor up 3%. t-mobile. that stock is up 3.4%. approaching 4% in games today. they beat on both lines.

reporting after the bell. we will get into it. more "varney & company." ♪

stuart: record high for used cars. prices are beginning to boost the certified preowned market.

dealers recondition them. 2.3 million of them sold last year. 21% of the used car market. state department spokes person is about to become the white house communications to or. claimed it was not a decision made in haste. >> first, it was not hasty. it did not mean the plans were in place for weeks. a range of contingency options. we worked on getting a plane. stuart: e-mails obtained by fox news paint a different picture. a panicked e-mail about destroying sensitive data before they left the embassy.

the opennet open net data that is still in the capital of yemen. i am a little worried that it is still out there. the means of transmitting sensitive information back to washington. you are familiar with open net. >> i use it every single day. every night you pull the guts of your computer out and to lock it up. stuart: it was left behind in working order. >> yes. it could have been a disaster. we are watching or listening to certain death formats.

we have undercover agents doing sensitive work. all of their information act to washington. stuart: the enemy is reading open net and reading that information. >> they could if they had access to it. stuart: i am confused. they did not get access to the open net machine? >> they did not. they could have because we left. we left the building. the building was left open. if the end of me got into the building, they would have had access. stuart: a classic mistake. it was a mess. the withdrawal was an absolute mess. >> yes. when you leave, you are supposed to destroy that information if

you cannot box it up. put it somehow in a locked safe. >> why was the plug not pulled. >> a total lie. the plan was in place, but just because people did not follow it. the leaders in washington said quickly, here is the plan. the embassy personnel is scrambling. they are nervous for their life. stuart: -- >> it is incompetence. you cannot strategize to see what is coming next.

stuart: i do not want to be too harsh. is it amateur hour? >> people do not know what they are doing. >> we are talking about the leaders of security. all of those leaders that are responsible for securing this information. stuart: of next, something very different. both pairs of boxing gloves. there they are. we have no cloths. we will show you the expected price. you won't believe it. in a moment. ♪

hey, girl. is it crazy that your soccer trophy is talking to you right now? it kinda is. it's as crazy as you not rolling over your old 401k. cue the horns... just harness the confidence it took you to win me and call td ameritrade's rollover consultants. they'll help with the hassle by guiding you through the whole process step by step. and they'll even call your old provider.

it's easy. even she could do it. whatever, janet. for all the confidence you need td ameritrade. you got this.

>> be careful what you ask for. the president has a new strategies. we will see what the former were thinks of it off.

join us tonight 7:00 p.m. and 11:00 p.m. eastern. stuart: the most iconic boxing photo of all time. lifeless photo of mohammed ali. may 25, 1965. so close are going up for auction on saturday. >> greetings. stuart: i happen to remember that. the phantom punch. >> it was two minutes into the first round. people were just settling into their seats. ali one. stuart: that was the first time

-- i remember that. >> one of the most controversial moments in american sports. that is why these clubs are still together 50 years later. because of the controversies. >> they took the gloves, held onto them for 40 years. >> his nephew sold them to a collection a few years ago. stuart: i also collect dirt is putting them up for auction. >> they are opening up for bidding at 500,000. stuart: trying to work that out. >> well over a million dollars. stuart: okay. can i touch them? >> sure.

they are made of a synthetic material on the inside. we have mohammed all these dna in their. [laughter] stuart: they are exactly the same. >> they were handmade. stuart: great condition. hey, look what i got. >> we got a call. a collector that owns them now. stuart: how do you tell them apart. i know justin. they have their names on them. the first bite when he was mohammed ali. >> that is right. stuart: show me that picture again, please.

everybody knows that picture. i bet you get at least $1 million for them. thank you very much, indeed. knock them flat. more varney after this. ♪

i can say, "i did it!" ♪ ♪ we are

entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. >> this is the presidency of such extraordinary arrogance. he is right. everyone else is wrong. i am the president. i make what he calls the hard choices. putting the american people and an extremely hard spot. stuart: he jones us most others stays to discuss his column. my time is up. now, here is teardrop will then. deirdre: it is happening.

networks are doing what ever it takes. and investing in secondary silicon valley startups. ideas that piggyback on companies such as buber and air bnb. pinterest may be worth $11 billion. a company along the highest valuations. chinese smart phone maker 26 billion. the taxi service valued around 41 billion. snap chat around 19 billion. lauren simonetti here with me now. we will focus on this pinterest and a possible valuation of $11 billion. a year ago, it was half that. >> they