these 24 welcome back. markets flat. thank you for joining us. time for "varney & company." stuart: obama changes america all by himself. good morning everyone. the pipeline will not be built. obama wins. goldman sachs says america is not really capitalists. obama wins in another one. obama wins it all. what happened to last year's election. wait into you see iran's latest military and new verse. we have the tape.

varney and company is about to begin. ♪ stuart: let's start with that disturbing new video. the video shows gunboats firing at a mockup of a u.s. aircraft carrier. attack helicopters join in to finish the job. now, serious. isis storming a predominantly christian region. isis on radio station reporting that the group has captured 10 towns in the region. a myriad of crusaders. using the same word used by president obama. we will cover this moments from

now. we are covering it with lieutenant colonel ralph peters. first, strong statements on capitalism. the u.s. is not pure capitalism. in fact, there is no place for pure capitalism, unregulated capitalism. we have a system. mary kissel is here. >> it is a strong and argument. show me one system around the world that has no rules at all. it is a ridiculous thing to say. he also compares the u.s. and china. that is absurd. stuart: goldman sachs. isn't he tending to the obama

win? >> of course he is. big u.s. banks, goldman included are subject to the wind of regulators. he is absolutely an arm of government. he said this. we have some advantages because we can afford to pay for things that small banks cannot. he knows where he gets paid. he knows where his minders are. >> what to think about that, as of the opening of the show. >> it is a good premise. i think you have two add to it. everything that you outline

right there are gross inducing reforms. keystone gets people jobs. banks have to be able to lend people money. it is that average person who loses. they are the person that will not get that job, will not get that raise. >> of course, we will be exploring. >> it will depend on whether or not the republicans can distance themselves. that is the key question going forward. stuart: the national average for a gallon of regular is up again. up another penny overnight. for 30 straight days gasoline has gone straight up. idaho and utah are the only states left in the $1 club.

the cheapest gas in the land, $1.27 at the cell shell station in jasper texas. they are both selling a loss. let's get back to that shocking video of iran military. colonel ralph peters is with us. i want to deal with what is happening with christians in the middle east in a moment. assess this video. >> there are two parts to it. they do understand the principle of it. it is a propaganda video. the way they staged it, attacking small craft.

blown out of the water before they got anywhere close. they have the principle. they still do not have the means. our navy cannot go into the persian gulf. except at the invitation of the iranians. you have to be careful in the red sea as well. >> here is what is really getting to meet in the news today. 150 christians kidnapped. i think that this is part of an atrocity. christians are systematically ran out of the middle east. what gets to me is that our president is doing nothing. >> well, you are wrong. atrocity is far too weak of a word. we are experiencing a genuine

holocaust against christians. we are seeing the destruction of a 2000-year-old christian civilization. the first thousand years of christianity. the most important, in terms of numbers, geology everything. it is being exterminated before our eyes. president obama is doing nothing except for calling up the crusades. those christians in northeastern syria, they were there 600 years before islam. 1000 years before the crusades. they are not crusaders. two centuries of minor attacks in the middle east.

devastating effects that persist today. stuart: the gist of this clip is he does not think much of the isis brett. just think first. >> a slight increase in syria. i cannot, i any means describe what is happening and serious as a big advance. >> that is like saying 9/11 was only a slight attack upon manhattan. that is absolutely mad.

the world is going to howl in a get. you are right. obama is reshaping the world. stuart: watch out. dow stocks breaking to new highs. here they are. here is a big name. hewlett-packard. reported weak sales. down she goes, can percent. big-name did drop.

dreamworks. pixar. now, in case you missed it. here are more headlines from lauren simonetti. >> good morning stuart. nice to see you. southwest airlines are still flying airlines. the planes had misconceptions of their hydraulic systems. today, most of those planes are still in operation. southwest reached a deal while the inspections are being worked out. expect a small number of cancellations today. shares right now are down one and a half percent. a deal to give h .4 rights

ordered from the top. 72% of the cities have a star wars hotel. consumer reports picks it top car. too bad none of us can afford of it. the best overall car for the second year in a row. tesla shares are flat today. those are your headlines. stuart: another you cannot make this up stories. by the way, i named him that. now, a scandal at the same agencies. this time, using your tax dollars in hawaii. first, the government attack on red meat. eat less to save the planet.

the feds are killing his business. look at this. drama. video of a home explosion caught on police -- camera. look at that. ♪

stuart: look at landing trees why don't you. and of the youth outlook. it does not matter. investors do not like it. they are taking it down 15%. here is the quote. in general, a dietary pattern that is higher in plant -based foods is better.

john bowman sounded off on this on this program. >> we will continue to raise fees for this nation. it is what sumer swamp. we will continue. no question about it. we will push back on this guideline from this administration. >> look who is here. paul, you run it then again and steak and ale these days. you took them. what is happening to your business when the government says, eat less meat? >> red meat is alive and well. it is a flawed report.

there is nothing sexual about it. i agree with the guests that you had. we will continue to produce the hamburgers the cheeseburgers and every combination for our consumers. they are looking for indulgence. it is up to us to be able to provide that. >> you want to turn around and against. that is why you bought it essentially. are you fighting public taste? are you fighting public taste? >> no. as a matter of fact, i am serving the needs of my customers.

brands are resilient. because of our legendary restaurant ran that we created to bring back then against with contracts to open up another 100 deep. with steak and ale, i have such a round flow of support. i just felt compelled to think that the familiar brand that everybody likes and everybody still talks about. we have 40,000 people rooting for steak and ale to come back. great service. something that our current tumors want, and i ain't deserve. >> do you think we are exaggerating the shift in taste? we have made a big deal out of millennial's going for fresh

healthy conscious food away from processed food. away from red meat. are we making a big deal out of what we perceive to be a public trend? >> i do think that we, as operators and our business, we need to provide choices. whether it be healthy or an indulgence. stuart: you have a image you have the word stage in your name. >> well, i think the trend is to provide choice. the trend is to provide quality. the trend is to provide service. we are doing that. if you want to choose healthier options, there are others that

you can go to. for 90% of our consumers they will have an indulgence experience. they choose to go a healthier route. there certainly would not be those options. we are known for our salad bar. you can also get a prime rib. >> congratulations. we wish you the very best of luck. thank you for being on the show. we have mary here shake her head. >> why are we calling red meat and indulgence? we also know that the government is changing it find on things. and indulgence once in a while

why not. >> it is a allen's. >> i love my burgers. another consequence of obamacare. receiving a health insurance subsidies, you may have to pay half of it back. >> affordable. affordable. affordable. ♪

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insurance in a whole new light. liberty mutual insurance. stuart: just listened to this from h and r block. have the people who received an obama subsidies under estimated their income. now they have to pay it back. it will be taken out of their refund. the real question is, where they came in the system to start with. >> the government was basically encouraging that. they did not have the backend of

healthcare .gov said of. they still do not. stuart: now the irs has checked. >> good. they should feel government compulsion. it is painful. stuart: keystone. as an pipeline. the president vetoes it as expect it. they, please will not get the four votes. the president won't. again. all of those jobs. tens of thousands. they will not eat related. does he care? probably not. shooting down the pipeline really upsets canada. another friend. the president wants the green legacy. he wants to in short a steady stream of cash flowing into the

democrats coffins. let's move on to the internet. like it or not, it will be regulated. can you on regulate it? i will ask the judge about that next. record levels for the dow. harry didn't will be with us in a moment. he says the dow will have to go through a rolling crash. all the way down to 6000. >> 16,000 by january. it will crash in the next few years. gold will probably go up to 1525 and then it will crash down to 700-740. s&p down to about five-600. ♪

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whatever i can do to help compute a cure for cancer, that's what i'd like to do. growing audience watches apple every day because we do. not far from its all-time high 133. it came down a little bit because of news that it has been fined half a billion dollars for alleged patent infringement. has $180 billion cash. target stock hit a new high now it has moved ever so slightly lower. strong sales, good profits,

forecast modest profit growth this quarter, 76 on target. oil very important for the price of gas sitting just below $50 a barrel. look where we are right now on the dow industrials 18,216, that is a new high. our next guest is terry bent, watch this program regularly, you heard him say it. we will start rolling crash very soon that will take us down to 6,000 late next year. again he is back on camera. there he is from cam but, all of you sticking with that? ruling crash begin soon, down to 6,000? >> yes i m. we are going in the narrow channel in the s&p end the dollar. a 10% range for the last three years. this is a bubble almost as strong as the late 90s bubble

stronger than the 2002-2007 bubble, bubbles always crash. we are going up this channel until something goes wrong and tons of things could go wrong. the greek exit, the fracking bubble is over oil will not go over illegally in dollars in the last ten years. will probably go as low as 10 in the last several years. major energy companies are in trouble. there's a lot of debt a lot of jobs. you have germany with the worst demographics, worse than japan in the 1990s conlan as well as southern europe and the u.s. the affluent sector, the only sector still growing and spending that will go off the demographic cliff like homer simpson did in 2007. 20 can go wrong but until something goes wrong investors have nowhere else to go. stuart: i am not going to argue about whether we will have a rolling crash. i can tell you a lot of people have asked me what about harry dent? this is what he is saying.

the real question to me is suppose you are right, suppose we are going to roll on down. where do i put my money? >> if you look back at the 2008 crash which we predicted in advance there is no where to go. except for the highest quality bonds where you get zero returns but at least you preserve your money or the u.s. dollar versus other currencies. there is an et's that tracks the u.s. dollar, that when 27% in 2008 when gold commodities, real estate, stocks around world went down at the same time. when you have a bubble burst you get a great reset back to reality after the fed and central bank pumped up stock markets with all the stimulus. so everything goes down so you need to be in cash, high-quality bonds and if you want to venture out, bet on the u.s. dollar going up or shore up a little bit of stocks.

people might put 20% of their portfolio in interest edf which bet on the s&p 500. stuart: you probably upset a lot of people but you inform the lot of people about your point of view and you reason it very well. please come back some time in the future. i want to hear about demographics in europe. i know a thing or two about that and i am with you and this. the foremost challenge of western societies in the future. come on back and let's talk about it. president obama pushing for new rules that would bring the most profound changes and regulations to the internet the we have ever seen. judge andrew napolitano is here. my point is this. you can argue every which way this is not set in stone but i say once the regulation of the internet begins you will never get rid of it. >> you can get rid of it if there is political will to get rid of the.

congress is the will of the people. if congress a republican is elected president in november of 2016 and the republican party controls both houses of congress in the january following, congress can change and administer regulation, you are correct on that but it can enact regulation to remove the subject matter from the jurisdiction of the administrative agency. it can cater a budget so the administrative agency lacks the funds with which to administer the government. stuart: you know more about this than i do. technical you are right, it could reverse. judge napolitano: would you preserve that? absolutely correct? stuart: in reality -- judge napolitano: let me make your argument. once people get accustomed to the regulations, once industry keeler's itself to the

regulations and get comfortable with it. almost like an old shoe. stuart: the whole bureaucracy to administer this new set of rules. >> they have an argument about freedom sounds antiquated. i hope that doesn't happen. but sometimes does happen with these administrative agencies. stuart: look at all the change we have seen in health care set in stone, difficult to completely reverse that. changes coming to the internet, difficult to read first that. stuart: there is a branch of government that is anti-democratic and doesn't care if kids decisions are popular. stuart: that is? stuart: the judiciary. the judiciary may and do obamacare with respect to the tax credit and the judiciary could very well and do the regulation of the internets if the federal courts where to decide this interferes with freedom of speech. stuart: you think the judiciary

will do that in swift water? judge napolitano: the judiciary says nothing in swift order. stuart: the time they get around to doing something about it, it is set in stone. the bottom line -- stop it. the bottom line is -- >> if i change those rules in a heartbeat! bernard: when you know perfectly well the queen of england can do nothing about a legislator or executive. you are going to let me have it. you are not coming to lunch on monday with me over this. stuart: you are paying. judge napolitano: you will always go when someone else is paying. that is well known. the crew will vouch for that. stuart: i think your time is up. totally wrong. billionaire hedge fund manager kenneth griffin is getting a divorce. it will cost him -- what do you think it will cost him? $1 million a month in alimony. president obama has

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stuart: open the mic what was that called? what women want or what was it? what a girl wants. the estranged wife of kenneth griffin wants $1 million a month to present the three younger children and four nannies, tracy

byrnes is here. this is supposed to be one of those stories that is $1 million a month but it seems that billionaire with a great load of money what is wrong with $1 billion a month? >> nothing at all. and young somebody from mayor. and anything after they are married a s click equitably. the remember? >> after they walked down the aisle. the kids are supposed to maintain their current lifestyle. of someone to come on 40 or $50,000 vacations before the divorce is a in theory are supposed to maintain that life style. he made $1 billion. stuart: we are ignoring something. this only refers to the alimony which is ongoing payments, presumably the assets established and accumulated

during the marriage are split 50/50. that is a huge chunk of capital as well as $1 million a month alimony. >> the million is for the kids. and on top of that there are assets and distribution. stuart: all she is getting is $1 million a month. you can't say that. >> she is with a load of money but she deserves her fair share. this is one of the wealthiest men in the world. he made $1 billion last year and everyone is making fun of the stationery and we have a list of expenses she has asked for $300,000 for the private jet 160 grand for vacations and things like that but that is all this stuff she had before hand. i will say $17,000 on groceries. stuart: a month? >> kind of weird to me. hopefully it is a lot. stuart: by air jet carrier or

something. called on a second. breaking news this is interesting, this is about lower as lerner, the ex irs official at the heart of the targeting scandal. records obtained through the freedom of information act show lois lerner received $129,000 in bonuses between 2010-2013. >> no shame, no accountability does the president called for transparency, he was going to attack the scandal and put the guy in that says the irs and exact snow accountability in this agency. in states and -- stuart: a smidgen of scandals. stuart: president obama has fundamentally changed america for the next generation. energy policy, internet health care and you name it.

all changed from generation to come. come john in. fox news contributor katie pavlik. am i right? you are against. for another generation what you saying? >> it is a lifetime. when you look at all the things, in particular the national debt which is only growing by the day and will be around $22 trillion by the time the president leaves office it is not just millennial the degeneration behind the millennial who have to deal with policies that have been implemented over the past eight years. it comes at a personal level. people forget during your 20s which is the majority of millennials those years determine how much wealth you are going to have for the rest of your career generally. when you have eight years of obama policies were millennial son living at home with their parents and not seeking a job or moving up the corporate ladder getting their foot in the door

they will start at 30 and are competing with people younger than that which means for the rest of their life they will accumulate last and ultimately have less opportunities down the road. stuart: everybody around the table including you we all understand and believe i america has been fundamentally changed but the real question is can it be changed back or revert to the kind of america we expect america to be? i will start with you. can we reverse this? >> i think we can but it will take a lot of courage of our lawmakers to do. on either side of the aisle republican or democrat, if they will have the courage to do that. once you give out a government program is hard to take back. of the one not just the courage of our legislators but what the people of america want. do they want this new america? are they prepared to pay to reverse it? first to you. >> millennial in particular have a huge disconnect between what they are being told by

politicians and what they really want. millennial say the government is too big and corrupt and not serving the people yet they vote for policies of the government said there has the work to make the connection between the two and get voters pointed in the right direction. stuart: can we reverse it? >> depends on the republican party. president obama created a reaction on the far right. these are not mature legislators, they don't legislate. you're seeing a split in the house gop the gop has to prove it can govern with in the next two years. if it can't i am afraid you will get into democrat in the white house and this trend, the trends will not be reversed. stuart: you need term limits to fix this. they all need to go home. stuart: you won't get that in the near future. >> then it won't be fixed and we will continue this. you need term limits and as long as generations above the millennials are still alive there's hope because the millennials don't know any better. >> a -- stuart: come on, respond to that

bit about millennial side deadlocked. >> i don't think they're deadlocked. they have to come to reality and get out of their parents's home. the issues they are stuck in their parents' house and there's a reason obamacare, at the longer people staying home with their parents the less they are living in the real world paying their own bills, seeing how many taxes the government is taking out of their paycheck. republican voters come around when they get a little older and working out in the real world. i don't millennials are a lost cause but they eventually will realize that energy that powers their iphone doesn't come from nowhere. it comes from energy policy and things like that. stuart: out of time. it was a good debate and i know we will get back to it. thanks very much. call in the ghost of backed up jeff. is spending scam the government service administration this time tens of thousands of your dollars for junkets in hawaii. up next the reporter who broke

the hawaii story.

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stuart: lumber liquidators down

big, profit and sales discipline chairman, sullivan has been a guest on this program frequently, stocks in the tank today. jeff neely relaxing in a bathtub in a luxury las vegas suites, all on the taxpayers on. this guy became the poster boy for an agency that wasted millions of your money, your taxpayer dollars. neely is out of that job that the agency still up to its old tricks. racked up tens of thousands of dollars in bills at luxury hotels in hawaii. and "national review" has some stories. it was las vegas where they started this thing. and learned nothing and now they're doing it in hawaii. >> looks that way digging through their travel records $61,000 at hawaii hotels, even though the gsa has a hawaii office with 39 employees already there. stuart: is it automatically illegitimate? is it automatically wrong and excessive if they spend 60 one thousand dollars in hawaii in a conference? >> not automatically bag that we

need to make sure they are abiding and not sending out people necessarily. i am concerned they're sending out people unnecessarily because i have records from the inspector general, whistleblowers saying we are still concerned about abuse of travel funds. again and again, and a bathtub jeff's very troubled region. the best part of the story is why they repair. the rig going to oversee a stimulus funded upgrade. was that a good use of taxpayer money? >> they wouldn't give me the answers. i will question the upgrade of a building any day but whether or not you need to spend that much money to do it or spend government employees out to look at hawaii hotels and resorts i am skeptical. stuart: was it waikiki? >> a couple of them. is beautiful. stuart: why do you have to go there? >> i would like to go there but i will pay for it. stuart: you have a long string of good stories. we appreciate it.

you heard colonel ralph peters at the top of the hour. isis running christians out of the middle east, committing atrocities every single day. my take on that two minutes away. eelike this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva respimat. discuss all medicines you take even eye drops. if your breathing suddenly worsens, your throat or tongue swells you get hives, vision changes or eye pain or problems passing urine stop taking spiriva respimat and call your doctor right away. side effects include sore throat cough, dry mouth and sinus infection. nothing can reverse copd. spiriva helps me breathe better.

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it's never been done before simply becomes consider it solved. emerson. stuart: the headline is shocking in and of itself. 150 christians men, women, many of them elderly abducted by isis, faith and known. after the beating of 21 egyptian christians that is a chilling headline. the story behind the headline is even more appalling. that story is the war on christians. they are being systematically run out of the middle east. they have been there for 2,000 years. murder, crucifixion, rate, the headings, that is their fate now. first it was the jews, now it is the christians. what is president obama doing about this 21st century atrocity? nothing.

he doesn't have a plan. doesn't have a strategy. he can't even bring himself to say they are christians. he absolutely cannot say islamic terror is to blame. now it appears the president will accommodate the iranians on the nuclear issue. he will try to delay the arena in newark but won't stop their march to a weapon. heaven knows what they do with one when they get one. this is the position of america today. laughed at. dismissed. week. a confused and incompetent giant frightened to use its own muscle. the president's legacy will be sell your, redistribution, failure at home and gross failure overseas lose the war on christians happened on his watch and he did nothing about it. >> obama is not just reshaping

the united states but reshaping the world through inattention, neglect, passivity and cowardice. stuart: strong words from colonel ralph peters on president obama's strategy or lack thereof against isis. fox news's digital politics editor, who pays the political price for the president's retreat in the face of this war on christians? >> i would have to thank hillary clinton, the democratic party read large, the president, and we think about it this way. of america, whatever you think about its founding, is a christian nation in the sense that 75% of americans express some degree of faith in christianity. that is where we are. that is the reality. we are much less christian nation than we were say 30 years ago but still overwhelmingly christian. americans have heard from the pulpit of their churches whether

they go to catholic churches mainline protestant churches, whatever across the country going back to last summer, please in prayers over and over again these are black churches white churches liberal conservative, please in prayers that someone would intercede on behalf of all these persecuted christians and that's something will resonate politically and when it is time for hillary clinton to be serious about running for president, when she is out there having to answer some questions this will be front and center. stuart: do you think a continuation of these atrocities and we now have the headline of 150 christians adopted by isis in parts of syria, if that level of atrocity continues the think the president will be pushed into a recognition that religion is important here? religion is at stake here and christians have to be defended at some point? will >> reporter: course like that? >> we used to call the west

christendom. that was the descriptor and then it was known for a period of time as the free world's. the long legacy goes back to obviously rome and the holy roman empire and all of that and the united states is the pinnacle power of-the fact united states has not acted in a more vigorous fashion whether to evacuate christians from the region to protect them and put some someplace safe weather in the united states or turkey or some other safe space in the middle east or acted more aggressively to wipe out isis, i think will be a lasting legacy. that is something we will remember for a long time. stuart: i am sure you are aware of this video of an iranian military drill. they blew up a scale model of a u.s. aircraft carrier. you are about to see it in a moment. what is that all about?

they released this video as we are negotiating a nuclear deal with them and they put out a video of them blowing up a u.s. aircraft carrier. what is with that? >> i am sure it has something to do with wanting to look tough and sells this deal. to say they're getting the upper hand and the united states will cower in fear at the iranian navy made up of vinnys firing earth balls at an aircraft carrier. what it also tells us is they are not willing not in the least bit willing to act sorry or be contrite in any way about their state sponsorship of terrorism and all of the other ron no good absolutely despicable things that that regime did and is doing around the world. stuart: i thought the president was concerned that his legacy but if his legacy includes ignoring the atrocities against christians and allowing the iranians to get a new that

legacy is not what he wants i suspect. last word to you. >> if you think the biggest problem in the world in the last 50 years has been the united states and the united states's intervention the president is doing what he believes will solve the problems of the world which is to diminish the united states and everything will be financed unicorns and rainbows in no time. stuart: thanks as always for being on the show. we appreciate it. to the markets. look at this, the dow is in positive territory. that means it is a record high, a new intra-day record high 18,000 to 27. we follow apple very closely. is now worth at that stock price $762 billion. it is down today. it has been finding half billion dollars for an itunes patent infringement. they have $180 billion cash. they can afford half a billion. stock is down 130. hewlett-packard is down weak

sales, disappointing outlook down nearly 10%, big stocks, as hewlett-packard. the price of oil hovering around 50 bucks a barrel, still there right now. national average for a gallon of regular 232 up another penny overnight, that means it has been 30 straight days the price of gas has gone straight up. we say it every day. it is going up faster than it can down. not good news on the economy. the home ownership korea in the u.s. drops to 20 year low according to numbers from the census bureau. liz, one of our scenes is the president has change america. can we lay blame for this fall in home ownership rate on president obama? liz: yes and here's why. is not the immaculate recovery. talking to wall street analysts they say the recovery is built on $10 an hour jobs, 30 hour work week and people have a lot of debt, basically a $11 trillion in debt, the debt has been rising. when you don't have hourly wage growth you can't afford a

mortgage. what is interesting is home ownership rate is lower than it was in 1984 before fannie and freddie and the committee reinvestment act was fixing things like income inequality through housing. stuart: i came to america and live the american dream and part of the american dream was the home of your own. you don't it, you bought it, you lived in it, raise your family in it. that was america. liz: this is truly infrastructure spending that went awry. state sponsored infrastructure spending where we have a landscape littered with empty houses and a lot of delinquent loans. by the way home ownership rate is inflated by a 2.5 million people who are delinquent on their loans so it is probably lower than what has been reported. stuart: thank you very much. in case you missed it, that means headlines from lauren simonetti. >> the theme of this in case you missed it is what the government is doing with your money.

big news on the irs targeting scandal. lerner, the ex irs official at the heart of the scandal receive $129,000 in bonuses from 2010 to 2013, records obtained through the freedom of information act show she was given thousands each year in retention bonuses, close to $45,000 in 2011. and the next year her bonus of $45,000 was suspended because her total earnings were more than the $230,000. that is the level that exceeds the limit for federal employees so we know she was making 230 k. she is near 1%. there are a lot of them. in report finds 17,000 federal workers made $200,000 in base salary last year. most of them work in the medical field that cdc and the fda for example and are highly specialized and get this. 1600 workers cleared $300,000 last year. what if some of those workers do

with your taxpayer dollars? they spend it on $60,000 hotel stays in hawaii compete with steak dinners at route chris and spa treatments. that comes from purchases of region 9 employees, it was reviewed by the "national review". i know it reminds you of this the guy you named bathtub jeff, a former executive jeff neely enjoying his taxpayer paid las vegas chip five years ago. he has since been indicted on fraud charges. those are your headlines. stuart: hold on a second. liz: about the salaries. representative elijah cummings said people come to the government to know they're not going to make the kind of money they can make in the private sector but come to, quote, field their souls. with these kinds of salaries, they get pensions for life as well. and retiree health care for life. >> the number of people in the 1 present in the government is up.

it was 15,000 or so in 2013. now is 17,000. stuart: in china a job with the government is called a golden job. and it is golden. in america too. thank you very much. here is what we have for you for the rest of this hour. jason riley, a strong critic of president obama. i will challenge him. president obama has change the country for generations. i will challenge jason riley and that when. former nfl star carol bowen's. does he think l a should get a football team? how did he like working with geraldo rivera on the tv show the apprentice? that is up next. what critics say could be a real competitor of that apple watch. it is called hubbell time. we will tell you why so far it has been a winner.

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stuart: chesapeake energy is a driller ended is getting slammed by cheap oil and it is cutting spending and closing rigs and its profits disappointed as well. down she goes 10%. don't forget yahoo! big tech names moving higher right now. shares could use it down 10% this calendar year. yahoo! at 44. look at southwest airlines. federal officials have agreed to let them keep using planes that mist in official inspections if the planes are checked within the next five days. cheryl casone easier. she used to work at southwest. let's get straight at it. nobody stops blocking a ticket on southwest airlines because they missed an inspection. cheryl: they in a what inspections were for? the backup hydraulic system for the rudder of the plane. that is what keeps the plane

flying straight. you lose the rudder you lose that capacity, you lose your plane. this is the second most dangerous thing next to a fire. engine fire or cabin fire. second most dangerous things that can happen in flight. it is not a joke. stuart: it is not a joke and i am not pretending it is a joke but would you not book on southwest because of a missed inspection? answer the question? cheryl: no. i am not flying in the next five days but they already canceled flights and is not a problem. i will book a ticket tomorrow because they already canceled the flight. stuart: i don't understand. cheryl: they canceled the flight yesterday. stuart: it revealed the didn't pull the plane, missed inspection. cheryl: they missed a date. these planes are on tight inspections. stuart: can i get a word in edgewise? let's change the question. let's suppose that you are

flying somewhere and southwest has as of late going where you want to go a you learned that southwest has missed the inspection schedule. do you not book a ticket on southwest going where you want to go because they have missed the inspection schedule? cheryl: if i watch it on television and it was a $20 difference on would fly another airline. if there was a $100 difference it might make a difference. it is always going to be priced. at the end of the day. but let's be clear. with southwest they took this very seriously, they missed it, they were fine back in 2009 because they missed an inspection. airlines operate on what if. what if i lose an engine. what if i lose a tire. what if i lose a writer. stuart: you always put me in my place. cheryl: i don't think -- liz: southwest's crash rate they haven't had a lot of plane crashes. cheryl: you are going to die

from a bee sting before you buy from a plane crash. i'm not saying i want you to die. i like you very much but if you were to die it would be from huckabee sting. stuart: all right, all right. let's get to the pebble smart watch. they are big success. the most successful kickstart project of all time. they have a new model some say it is smart watch is a challenge to apple's what. you are looking at it right there. look who is here. mallory, you got to tell me what does the pebble watch do? >> the pebble what gets notification from your phone for calendar alerts, chats and texts and things like that. it is handy to have around. stuart: is very basic. >> most smart watches our basic at this point. they don't do much more than give you notifications and let you know how many steps the irritating. stuart: it is a wild success. i have not heard of that much but i believe it is a big

success because it offers basic things and does them well. that wraps up the pebble watch. >> essentially yes. it does everything you want us are watch to do and on top of that has seven day battery life which is amazing. you don't see that with smart watches. liz: looks like a big tree see what. what people are talking about on wall street applications will drive that apple iwatch, you pay $3.50 per apps, they will pre load into your apple what about 100 or even more, tens of thousands of apps so you don't have to the extra. they will be loaded into the apple watch. one guy says 42 million apple watches could be sold by the end of the year. bernard: when you are trying to bring in the pebble watch as a competitor to that apple watch. is it a competitive? >> is definitely a competitor to the apple watch. it is waterproof lasts up to 7 days and is very useful. it has a very interesting

interface called the timeline which gives the information in chronological order so you are getting what you need when you needed. stuart: information in chronological order? what information would give me in chronological order? >> you have an appointment at 9:00 a.m. you will wrap and do another show and you will tell you you have a bunch date with bob or sandra and it will tell you -- cheryl: that will be great for stuart varney. stuart: any apps on the pebble watch? there are apps. >> quite a lot. hundreds of thousands of apps for couple and their developing new ones every day. it is a big platform. stuart: cost how much? >> around $200 when it comes out. stuart: $1.99, 5 and dollars for an apple watch. >> that is for a basic model. stuart: but the pebble is not cool. >> the couple has incredibly great geek credit. anyone who is the geek love this what because it is the one you

want to have. it lasts longer, has a lot of power and is really cool. as for nooks, is not the ones that most people will wear. stuart: what are you going to have? pebble or apple watch? >> i have to try them both out. stuart: which one would you buy? >> i haven't seen the apple watch in person. i have seen the pebble, i need to put the on my wrist and see if they don't look ridiculous. stuart: when you have both on your wrist you compare and contrast and tell us. >> absolutely. stuart: thanks for joining us. next, jeff flock has what is being billed as the world's most dependable car. believe me, you never know what you are going to get when you put jeff in front of a camera. jeff: trying to go through that you get a lot of speed, trying not to hit those walls. i got that, feels -- if i could just steer this straight and i

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stuart: 19 is bringing back some cinematic history, the running shoes that were a hit in the 70s and warren briefly in that movie. nike stock not going to react to that piece of news but it is up $1.70. breaking news, the irs taxpayer advocate says you call with a tax question, you have a 50% chance your phone call even gets answered. they are short staffed you heard that before, simply saying it again to congress as of now. another breaking story. the owner of t. j. max, marshalls, home goods or says it will boost pay for all of its workers to at least $9 an hour. this follows walmart which made a similar announcement last week. t dagen: stock nearly 70. j.d. power out with their annual car dependable battista the. which brand topped the list? here is the hand. jeff flock is that a lexus dealer in chicago. what criteria did j.d. power

used to rank lexus number one? >> they interviewed 34,000 new car buyers. these are 2012 model years so they let it run out of bed and said did you have a problem? the first year of ownership? they then calculated how many problems per hundred vehicles and lexus came out with less than one problem per 100 vehicles, the industry leader. stuart: how about which brand came in at the bottom of the list? >> just lost communication with you. sadly. stuart: that was a very good pick up one. very good. you are not there, are you? liz: like when you are on the phone, when i am on the phone with somebody and don't want to be on the phone, i say i am driving through the tunnel sorry, i just lost you. stuart: i happen to know it was fiat which was at the bottom of the list. liz: fiat is the worst.

they probably feel unsafe in it. the chevy 200 is considered the safest car. that is interesting. people are buying more on safety as well. stuart: lexus and dependable, chevy. liz: one of the safest. stuart: up next two topics for doc dr. keith ablow. first our addiction to technology, keeping our faces buried in our smart phones all day. i am beginning to see that i am with fat. we spent too much time on these things. rudy guiliani says president obama does not love of america. does the doctor agree with that? we know this young man does. >> i applaud mayor rudy giuliani for his comments about president barack obama. president obama, you don't love america. if you really did love america, you would call isis when it releases is an assault on christianity, assault on america, downright he for the

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in new york state, we're reinventing how we do business so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years with startup ny business incubators that partner companies with universities, and venture capital funding for high growth industries.

see how new york can grow your business and create jobs. visit ny.gov/business over the next 40 years the united states population is going to grow by over 90 million people and almost all the growth is going to be in cities. what's the healthiest and best way for them to grow so that they really become cauldrons of prosperity and cities of opportunity? what we have found is that if that family is moved info safe clean, affordable housing,

places that have access to great school systems access to jobs and multiple transportation modes then neighborhood begins to thrive and really really take off. the oxygen of community redevelopment is financing and all this rebuilding that happened could not have happened without organizations like citi. citi has formed a partnership with our company so that we can take all the lessons from the revitalization of urban america to other cities so we are now working in chicago, and in washington d.c., and newark. it's amazing how important safe affordable housing is to the future of our society. stuart: more breaking news coming fast. that is the i have arrested three men trying to join isis.

>> they were going to go to serious to get training. already, we have a isis spokesman putting out twitter feeds. the fbi and law enforcement watching online communications. that is what tipped them off. isis is already advocating attacks on times square. nearly 1.1 million views. he is a young man who made a viral video defending rudy giuliani. dr. keith ablow is with us. when you listen to the president

speak about america what do you hear? >> i have said it before and i will say it again. i think that the president is leading, not from an american said her. i do not think he thinks we need manifest destiny. thinking individuality is a good thing. that is not the country that the precedent holds deal. that america no, the president does not seem to have very much affection for. the human failings i would most like to correct his aggression. getting more food, territory or partner with who you would like to reproduce with. now it threatens us all.

you say what about aggression? >> do not tread on me. do we remember that saying? there is aggression and surgery. you are opening up the percent. it is done for a healing purpose. it is not in a way that will destroy us. it is a way that will preserve us. i think empathy sometimes requires the scalpel. stuart: very interesting. now i will surprise you. >> i thought it was a very elegant point. stuart: elegant? >> very interesting. moving right along.

stuart: i will agree with you. lately, i have found myself using my little phone here all the time. i cannot get out of these loops that i am and with friends and relatives. >> it is big trouble even though we do not realize it yet. losing sight of who we are. losing sight of reality. i dressed characters from some videogame. i think, in a certain way, our lack of being willing to be anchored in our emotions has contributed in some unknown way

to the horrible elevated way in which the hostilities is being expressed. recruited to join them as if they have almost been cut short of their life stories. stuart: that was good, doctor. >> now i do not even believe you. maybe next time we can start over. the lukewarm reception will not even registering as much. stuart: the next time you are in new york, i am going to buy you lunch. >> sounds good. stuart: mcdonald's. fifth avenue. right across the street. every now and then, we bring you this fact their report. i am starting with apple.

would you buy it at 100 dirty dollars a share? >> it is still a value stock. it is still a growth stock. it is everything. there is nowhere for apple to go but up. stuart: where was i when it was fit to seven and my kids said by it. i do not know that we will get there this year. this stock has skyrocketed. it has the capabilities. the model s is the top pick on consumer reports. forget the car first second, would you buy the stock? >> i have a hard time separating the two. something like 50 times earnings

might be. it does not make sense. not something i would want to hold up my portfolio. stuart: i will bring in lloyd. he runs goldman sachs. he has something to say about capitalism. think u.s. is not pure capitalism. in fact, there is no place for pure capitalism. we have a regulated system. you fight goldman sachs stock. >> no. it is regulated and should he regulated. it will make it less of an important stop to halt. it is not worth holding. it is too volatile unit.

stuart: thank you very much, indeed serve you three men arrested for trying to join isis. jason o'reilly a harsh critic of obama coming up next. ♪

♪

nicole: i am nicole petallides with your fox business brief. the dow jones industrial average of 13 points at the moment. within a few points of a record all-time highs. the nasdaq listed at 5000. 4973. the highest sense 2000. consumer stocks doing very well today, by the way. lows, that was solid for the quarter. it has since pulled back. right now tjx is up 3.3%. from the beverage movers, sam adams saw 13%. the largest selloff we have seen in almost six years. ♪

stuart: we have war information coming about with the fbi arresting three men. liz, do you have more on this? another defendant which was seized was provided financial assistance to killed a u.s. branch of isis here in the

united states. stuart: jason riley is here. this is news that is just coming into us. your first reaction, please. >> you take the fight over there. you do not want to fight them here. we need to be taking this threat more seriously than this president seems willing to take it. he seems reluctant to even define the threat. >> reluctant to accept and admit that they are already here. what is the man's political position if we do have an attack on our own turf directly from

isis? >> the u.s. is the world's a disparate to u.s. stability. when someone comments with a threat like this with that mentality, you have a problem. i take them at their word, stuart. i wish that the president would. >> what about the war on christians in the middle east. i do not know if he has a strategy for this. prepared to accept or admit that this is happening. it is a much more dangerous world. this president does not want to engage. >> he was alike did to do that. he has retreated from it.

>> he will tell you that he was elected to drop back. to get out of the way. stuart: do you believe that this president believes that we are historically -- >> he has gone around the world saying this to others. unless obama changes his ways, i do not know what else we can do. three men arrested by the fbi. >> early raids today in brooklyn. one of them was trying to get on a plane at jfk to try to join isis from there. >> they were going to come back anyway and commit an act of domestic terrorism.

again, it u.s. attorney general in a stunning revelation said one defendant did provide financial assistance and was building and operating a domestic net worth here in the united states to support isis. stuart: trying to build and isis network here in the united states. thank you very much, indeed. back to the markets. close to a record high. listen to what he said last hour on this program. >> we are going in a narrow channel of the s&p and the dow. a 10% raise for the last week and a half years. this is a bubble.

bubbles always crash. >> all rights, a bubble. it will burst. i think that you are a commodity guide. here is a big broad statement on commodity stocks. >> first off, if you look at this guys track record, he is full of all kinds of predictions that are wrong. the guy is historically wrong. he gets one everyone's and a wild. are we in bubble territory? i do not hang that we aren't even close to bubble territory. it is not going to happen. stuart: nicely expressed. very clear. to the point.

you welcome back to this program, if you are not careful. los angeles approves a $2 billion stadium. we have terrell owens. his take on that after this. ♪

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stuart: what is this? los angeles could be getting a football team? the first hurdle is out of the way. terrell owens is here. another chance for you to have an interview about football within englishman. los angeles has not had a football team in years. >> everyone knows that being here in los angeles this is definitely a laker nation. clearly becoming clipper nation. everyone has been wanting some football around here for some time now.

stuart: if you were still playing, would you want to play in los angeles? >> absolutely. >> wave. wave. flamboyance. a great personality. is that you? >> that is what they say. stuart: what position did you used to play? >> basketball? stuart: no. >> folk all? you are the guys that caught the ball. you catch it, if you are lucky in those gloves that have glue on them.

>> absolutely. i am considered one of the fast guys on the field. we received the file from the quarterback. stuart: i know what you did. i will bet that you could run 100 meters in about 11 seconds. would that be accurate? >> probably so. i am faster now than i was in high school and college. when i was in high school, i was not that fast. when i worked out and when to the combine, i was not that fast either. i will say, if you google me, i have never been caught from behind. stuart: what did you do to make yourself faster?

i did a lot of stuff. i self motivated. put myself in a situation to get better. my peers around me were far better and bigger and stronger. i wanted to get to that point. i just did whatever i could legally, to make myself bigger, faster stronger. becoming knowledgeable about nutrition, fitness. that is how i was able to have this home gym at eight of 15 years. i want to give them a plan of what it takes to become an athlete you want. i want to provide that blueprint for a lot of kids out there. >> well said.

thank you very much for coming on the show. best of luck. good to see you. >> have people go to the website, two. >> just make money and keep it. okay. more varney after this. ♪

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and 2006, google was all for it. go ahead, you can google it. are uber and lift taking investors for a ride? you choose because you cannot have both. investors like a good ride. demanding an agreement saying they will not invest in competitors for at least six months. joining us now to explain all of this is jolting can't. >> talking with some people who are investors in these