and two the trading session. ibm holding an all all-day investor day for the company. talking about investing into the cloud and mobility. we will see you tomorrow. it is time for "varney & company." the card -- sheehan. they are on the news. that is their only connection. vice president biden. he has issued a warning. john kerry. he says we are all safer now. living in a period of less threat. he said that just as three men appeared in a new york court accused of trying to join isis. gas keeps going up. this is the day that the

internet changes forever. the car -- sheehan. famous and wealthy. a four year deal to be famous. big day. we are ready. varney and company is about to begin. ♪ let's start by checking that the board. coming off yet another record high yesterday. today you are down eight points. the nasdaq composite index, home of technology. knocking on the door of 5000. 4976 right now. then we turned to apple. it was down big yesterday. $127 per share.

let's move on to your daily terror update. we now know the identity of the jihad john. a british citizen in his mid- 20s. british intelligence says they identified him months ago but did not release his name's for security reasons. a 19-year-old was arrested trying to board a plane to turkey at jfk airport. another man arrested at his apartment. another man 30 years old arrested in florida. the fbi says they have been monitoring these three men for four. if you are wealthy we will emancipate, that is, take

your money. a lot of wealthy white and lacks people are not bad but they control 1% of the economy and this cannot stand. it is not fair. the concentration of wealthy is stunting growth. let's do something that is worthy of emancipation. come on in, art laffer. what the president is saying, tax the rich. raise the taxes even more. that is a total reversal of what you stand for. >> it is such garbage. everyone knows that when you take money from rich people, their incentives to produce our last and they produce less. redistribution has caused this

economy. not the reason why we have a bad economy. >> they are not concerned about that. i do not ring at that the left is concerned with making everybody prosperous. i think that they are saying this for political reasons. >> look at the election results. we controlled 31 government ships. how many seats do they need to realize before they realize this is not the politics for them. a rising tide raises all boats. democrats used to be that way. that is why i was one. the democrats have been nothing but bad mouthing prosperity and wanted to put him policies to ruin all of us.

stuart: the vice president said the concentration of wealth stunts growth. does he have a point? >> no, he does not. it is a consequence of bad economics. therefore, they protect themselves better. let me give you an example stuart. at the end of the clinton build black teenage employment was 30%. that is 20% below the white teenage and play meant. by 2012, that number was down to 14.8%. the black teenage group was down 50% because of their bad economic policies. that was w and obama, by the

way. the only way you will help his economic prosperity. these guys do not get it. stuart: we will go down to 6000 on the dow by the end of next year. and you say what. >> i knew his father very well. it makes no sense to me at all stuart. i am sorry. i have been wrong many times in my life. no guarantees. i am betting the other way with my own money. the dow jones industrial average has now turned higher. see what kind of effect you have. what a guy. we need to have you on the show more often. by the way this is a broad taste market rallied.

we just hit a fresh, life time high for the russell 2000. what you are looking at is a new lifetime high for that indicator. i want to get to john kerry. yet again downplaying the threat of islamic terror. >> our world today is actually, despite the visible killings that you see and how horrific they are we are actually living in a period of less daily threat. stuart: just as we arrested three guys who wanted to join isis. >> what he said there is delusional. borderline insane. these threats are growing. i do not just mean isis. i mean isis, al qaeda, the muslim brotherhood putin.

all of these threats -- stuart: there is no credibility. another part of your administration is saying that exact opposite. that has no credibility. >> the american people the that. >> it is particularly dangerous given the nature of these threats. stuart: stay there. i think you are here for that hour. moving on. the price of oil still around $50 a barrel. the price of gas that keeps on going up. up another penny overnight. moving on to individual stocks

now. amc. strong growth of that network. zombies make big do they not. speaking of date money on television. here is, in case you missed it, lauren simonetti has the story. >> have you seen the story on the new york post? the car -- sheehan are a money making machine. a record set amount to keep the car -- sheehan on board for another four years. the show is, apparently, to popular to lose. how did the car -- sheehan empire even start? >> a sex tape years ago.

kendall, she is a runway model. she is only night teen years old. the youngest is dating a rap star. that is your big headline of the day, in case you missed it. stuart: are you going to ask me a question of are they worth it? >> are they worth it? >> i cannot understand how one would follow the car -- sheehan and allow them to make this kind of money. >> we love to hate them. >> it is sort of like a train wreck. you have to stop and pause. i hate myself for doing it. yes. it is true.

>> each one of those daughters is worth at least $2 million. stuart: got to go. isis in our backyard. three men in brooklyn arrested with trying to launch attacks. government informants helped foil the plot. first, we cannot resist it. the video that has gone viral around the world. look at that. took a big spill right in the middle of her song. look at this. ♪ ♪

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we turned positive. cole's department store. higher profits. a new high of 73. cedars. a very different story. down 7%. the internet, as we know it, is about to change. voting on regulating the web. that means, you will pay more for it. it was disgraceful to have the administration over take the commissions rule-making process. it is so disturbing to know that those efforts were cast in legitimately. that is pretty strong stuff. we are following it. time is money. thirty seconds.

look at this. united airlines warning pirate the major safety lapses. pilate tom sullivan is now a guest in the next hour. the clinton foundation. date money from overseas donors. while hillary was secretary of state. janet cl and getting on the defensive at capital hill. we will bring you the full exchange at 12:15 p.m. today. watching fox news this morning and up pops judge napolitano. the judge thought it would be a good idea to let them go. let him join isis, but then followed them when they got there and then followed them when they got back here. what? surveillance? have you finally seen the light on buying on those that want to

kill us? >> here is the issue. the issue is not spying. the issue is lawful spying. the fbi went to a federal judge and presented probable cause. it is appropriate lawful, constitutional prudent and what the fbi should do. what i suppose is spying on everyone all the time without articulating any evidence about people. >> does it help that these three guys are not american citizens? >> no. it does not limit it to citizens. it protects people that are here legally. when the fbi gathers evidence and has reason to believe that

people are a threat, it is paired duties. it is not their duty to follow monaco or you or me because we happen to be in the same zip code. >> who those phone calls were to and who they called. get a hold of the whole -- >> if they do so pursuant to a search warrant issued by a judge, yes. stuart: you are jumping out of your seat. coming right at the very. [laughter]

stuart: can you get a search warrant fast. >> yes. you cannot have the duty every day. stuart: is there a special judge that you can go to? >> there is a special judge in every judicial district on call 247. the state system and in the federal system. >> in this case, this is not a ticking time bomb. stuart: okay. can we look at their phone records their e-mail messages? >> once they are over there, you do not even need a search warrant. they are part of an enemy force one they are over there. stuart: what about americans is essential that have gone over

there to join isis, then can we spy on them? >> yes. stuart: i do not take that there is any argument between us. stuart: attract everything. you might need it. >> you are british. you like those general warrant. stuart: time is up. [laughter] >> i am debating michael himself at 9:30 a.m. tomorrow morning. stuart: i wish i could be there. thank you, judge. lois lerner getting bonuses while the irs was targeting

businesses. >> i have not done anything wrong. i have not broken any laws. i have not violated any irs rules or regulations. i have not provided false information to this or any other committees. ♪

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stuart: lois lerner at the very center of the iris scandal received bonuses in the gears that targeting was taking place. it apparently had been sent this for her to stay and not leave. illegal to possess small amounts of their one in washington, d.c. a very sober and straight rich at and joins us from washington, d.c. is it legal for you to walk out life, go to a pot shop, buy some of those papers, roll up one and get stoned on the sidewalk? can you do that? >> this is our nation's capital. we do have some rules here. it is against the law to buy or

sell. one may only grow and give it as a gift. also, stuart, if you have possession of marijuana on federal jurisdiction, they can bust you. >> have you seen a lot of pot shops sprouting of pdc? >> you can grow it at home and you can give it as a gift, but you cannot write and sell. >> it is nothing like colorado at all. all right, rich, you are off the hook. monaco, do you favor full legalization? >> i do not. i just do not take in this country we should be in the position of legalizing yet another intoxicant. i understand the arguments for medicinal. what you are announcing in

washington state and colorado, now you have the democratic governor saying legalization was a mistake. stuart: i will not argue with you. monica, thank you. gas prices. they are going off a whole lot faster than the way they are coming down. also, of next. congressmen welcoming a new baby girl into his family. she is not covered under his insurance plan because of obamacare. we will explain why. ♪

republican taxes will introduce a bill to get the medal of honor to navy seal chris kyle posthumously. his service inspired americans sniper answer four tours in iraq is credited with the most confirmed kills in u.s. military history. check the big board. i will tell you virtually no change, down half point. mcdonald's, the biggest winner in the dow right now. with added getting close to $100

a share. problems with food and millennials did not like the food on the dollars, stock has gone back up to near 100. the russell 2,000, a very broad based in decatur of a lot of stocks a fresh lifetime high. to the price of oil, where is it? $49.33. is germane to the price of gas. you have been paying more and more in the past month. gasbuddy says it is about to get worse especially on the west coast. gasbuddy.com is here to explain. you are talking about a new spike on the west coast. you will tell me why? >> it has been bad in l.a. but another 20 to $0.40 a gallon over the next couple weeks. stuart: say it again? >> 20 to $0.40 a gallon san francisco will see big jumps as well, pacific northwest oregon and washington could see 10 to

$0.20, arizona not to be left out, 15 to $0.20 as well. not just a nickel here or there. will let up. stuart: that has to have something to do with the refinery strike, doesn't it? >> not only the refinery strike. remember the explosion out there? is all about refinery issues. stuart: supply of gas versus demand short supply heavy demand, up goes the price. is it that simple? >> i don't know if anything is that simple but not enough refinery classes, and that led to yesterday's light then we had a seasonal switch to more expensive summer gasoline, it is so cold in new york that the refinery in philadelphia shutdown because of the frozen delaware river. >> forget that for a second.

what about the run-up of the last 31 days. it seems to have gone up faster than it came down. you want to explain that one? >> crude-oil prices $43 a barrel, brings it up to $50 it seems prices go up faster is and they come down? >> we stabilized around $50 a barrel gas prices are still going up. >> this is where we are having the disconnect as crude oil inventories surged. yesterday they advanced another 8 million barrels. at the same time gasoline inventories plummeted 3 million barrels so you are seeing the disconnect and a lot are asking what is going on, we'll going down gas going up, the refinery is not functioning as it should. we are not getting enough gasoline production. stuart: jasper, texas $1.27. >> i am shocked they're holding

on to that. to drive back to new york. stuart: if they let me. thanks very much indeed. thank you. now to obamacare, provisions in the law prevent parents from directly adding their newborn children to their health insurance plan. instead the law requires parents to apply for the children's health-insurance program. they must wait to be accepted or denied before they can sign up again and only have 30 days to do all of this, they cannot add their children at all. here we have congressman going through this with his grandchild, west virginia congressman alex one is with us. congratulations on the birth of your young son. we celebrate with you. now you have to take us through the process and tell us -- don't know if it is a boy or girl, i don't know why she doesn't have health coverage.

explain it. >> of beautiful little girl born oct. 13 in charleston, west virginia. i heard about the same thing happening in utah which is why i speak out about this. there are many things around the country suffering under this unfair treatment. obamacare has not lived up to its promises. you can't keep your doctor. it is too expensive and they won't even insure people's newborn children. i am fine to have my child insured through last year to pay these bills. it is and fair. stuart: it is not true if you get your health insurance from your private sector employer. you can add a child's quite easily to your coverage almost as soon as the child is born if not weighed before so it seems obamacare is worse in many ways much worse than private sector coverage. >> it is because it is a false

promise. they need people to believe they will be covered and then deny coverage. anyone listening to your show call your congressman if you are having this problem. don't suffer in silence with i am fighting this problem in congress. i have the insurance company trying to discuss it with the federal exchange, they couldn't figure it out. they said it is too late because it has been two weeks. it is a complete disaster. i have been writing letters and can't get anywhere. stuart: it is bureaucracy. no american likes bureaucracy. nobody likes to go here and there and people go crazy with that kind of thing. obamacares all bureaucracy all the time. >> you put levels of government between the patient and your doctor and it is not working, is going to get worse. the federal exchanges are not done right. having government run your health care plan, there is no one to appeal to. when the government tells you know who do you appeal to?

in utah, having been denied, they don't have to appeal. it was a reporter that called health and human services media line to get covered but there are many people listening to this show who can see it is not just them but it is happening everywhere and this seems to be addressed and i am for repealing obamacare and replacing it with health care plan that actually work and keep their promises. obamacare is not doing. stuart: congratulations on your little girl. good news indeed. thanks for joining us. the kardashians signing a massive $100 million, four year deal with the fog each channel. record for reality tv. famous for being famous. there is hillary clinton getting this week heart treatment in traditional media. we expose the truth. brent bozell is here sitting next to me in new york next.

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stuart: back to the news we broke a moment ago, chris keel -- chris kyle will be considered for the congressional medal of honor, roger williams from texas will introduce the bill toward the medal posthumously. kyle serve four tool is in iraq his service inspired the movie americans sniper. congressman williams will join us next hour. we reported the clinton foundation has raised big money through their foundation $2 billion since 2001. much of that money came from foreign countries, political donors and wall street. this is a potential conflict of interest but the big mainstream networks are not covering this story. brent bozell is here in new york today. welcome to the big apple.

what do you mean no coverage on the establishment broadcast networks, obvious potential conflict of interest? >> stunning. the washington post had a big piece last week about how millions of dollars have been flowing into the clinton foundation by foreign governments which gives at least the perception of ethical violations. stuart: just jump in for a second. to make this very clear, the perception is if hillary clinton became president clinton she could have to make decisions regarding those foreign governments who have contributed millions of dollars to her foundation and that is an obvious potential conflict of interest. >> nobody give something for nothing. there is the perception of

something that smells very bad so if that is the story what coverage they receive? stunningly cbs this morning gave it 20 seconds. abc gave it nothing. nbc which gives nothing against the narrative of the obama administration gave absolutely nothing. the evening news gave and nothing. doesn't exist. was a 20 seconds story. what happened this morning? this morning you get news the algerian government gave $500,000 while it was lobbying which is a career violation of an agreement which was made by the clinton administration and the clinton foundation and the obama administration. how can that not be news? 31 seconds on cbs. stuart: that is all you got. stuart: are they protecting hillary clinton? is obvious charge of conflict of

interest. it just protecting her? circling the wagons? >> it they will not only protect her as a protected barack obama but kneecap anyone who dares go against the other one. liquid they did to rudy guiliani in the comments he made, in four days 21 minutes of coverage from the same networks. 21 minutes from nbc alone on rudy guiliani but zero on this. stuart: you think the established networks want hillary to be the candidate? there are a large number of people on the left to want elizabeth warren. >> in 2007 i recall being in the greenroom on the show and i was with a couple of democratic pollsters or consultants and asked them this is october of 2007, who is going to win the primary? one of the my won't mention said to me said you for conservatives have got to accept the reality.

hillary clinton will be the next president of the united states. along came barack obama and they threw her under the bus. could they throw her under the bus with elizabeth warren? stuart: this is off base for you. why do so many people watch and follow the kardashians through the establishment media? the establishment media is always covering them. why? >> in the days before television when you had carnivals, at the very back it was the freak show and people paid premium money and that is what the kardashians on. television ads freak show. stuart: we are going to leave it at that. thank you very much indeed. good stuff. a saudi prince lists his new york city apartment for $40 million. many foreigners buying up luxury

real-estate so where is all the money coming from? you will be surprised to hear.

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stuart: we have a breaking story of political corruptions and in freak. we have covered it before. it is about argentina. a judge has dismissed a case against the president of -- accused of conspiring to cover up details of the 1994 bombing of a jewish community center allegedly by the iranians with a prosecutor had recently taken over the case after the first prosecutor was mysteriously found dead in his apartment. that death still being investigated but the president of argentina appears to be cleared. this is a story about the iranians allegedly plotting that

bomb attack just -- this story is just coming out as we sit down and negotiate with them to delay them getting a new. >> i'm stunned this judge dismissed this case because there's mounting evidence the president of argentina had a direct role something the prosecutor was uncovering when he was shot in his head in his own apartment massive corruption but the reason is more important because of the iranian connection. lorayne is the number-1 exporter of terror around the world and this white house is in top secret negotiations to try to work had deal with them overs their nuclear program. i have no evidence but i think this white house was leaning on the system in argentina so there would be no discovery so that kirchner would not be in the middle of this and they would not let anything or anybody stop them from getting a bad deal with iran. stuart: that is a conspiracy

theory. >> yes it is. stuart: one of the breaking story, the senate judiciary committee has approved lower at a lynch to be the next attorney general. the full senate votes on her nomination. she is likely to get the job. saudi prince's new york city luxury apartment on sale $48 million, and 10,000 square feet. nice place. number of bathrooms and bedrooms, that is not the real story. the story is who is scooping up apartments like this when? cheryl casone watches real-estate several stories recently about this incredibly expensive apartments. or whatever in new york city. and people who are buying them not always savory characters. >> most of the money we have been seeing for these multimillion dollar apartments coming from russian or middle eastern buyers and they don't put their first and last names, that is happening with the apartment you just mentioned that this is a saudi prince we

are talking about. i would not say unsavory in this case but not putting his name on the sale there was money coming certainly the question, a lot of speculation as you mentioned that it is being stolen from government so that money is being taken from government and hidden in new york city real-estate. stuart: all that money comes in, that drives up the prices of luxury apartments through the roof. and americans with serious money are charged an arm and leg because nasty money is coming in. so should we accept that? >> no. i am a little bit biased. i own property in manhattan. when you're doing is potentially going into bubble territory. you are pricing out american money and i think that becomes a problem and i'm willing to pay

a certain price. this saudi apartment, in my neighborhood by the way. won't get $40 million of it. stuart: would you keep the money out? would you say you can't buy here? >> we need to be a little more careful of who we are selling to to your point earlier. stuart: why don't we just put a name and a face, go on a purchase order? >> right now the law lets them buy these properties. fund managers do the same thing. he is furious because his name was leaked to the press. it was a $60 million enhancement. not that it is all foreign money but a lot of it is foreign money and again they are parking from money here but what happens when they stop? stuart: i think we both agree, bring the money in, we will take it.

>> the saudi prince gets 40 million, that brings up the price of your property. >> it would. i do alone in a selfish way if i go to sell but at the same time i do think it is dangerous, the united states is a place to park dirty money. >> average americans can't afford to buy. stuart: a good question to pose. got to go. thanks. next hour that is when we expect a vote that will change the internet as we know it forever. the government is going to regulate it and you are going to have to pay. plus joe biden said with a straight face we need to demand supported the well from the 1%. you wasn't joking. it wasn't a gaffer. he studied at a black history month event. howard two two minutes away. 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

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stuart: it is black history month and vice president biden used as an opportunity to call

for emancipation, that is the emancipation of wealth. take money from the rich, he emancipate the wealth. that is fair. my own mind. he has some good stuff. he is ignoring the effects of his own policy. six years of redistribution have not worked. wealthy people are pulling away from the rest of the crowd. the middle class is not squeeze. the middle class is shrinking. does joe biden believe if you take it from this group some how prosperity returns? he knows it is not working but he doesn't care because he thinks he appeals to in the, jealousy and class warfare in might win votes. he is not uniting america, he is ratcheting up the divide. is it moral for any government to take more than half your

income? i say no. joe biden wants way more than half. second-largest can't help myself. i have to quote margaret thatcher again. talking about redistribution she said they don't care if the poor get poorer so long as the rich get bored too. that was a generation ago, so appropriate for joe biden today. ♪ stuart: oh yes. we will talk about joe biden in a moment. peter barnes is at the fcc where they are about to vote on changing the internet as we know it. five guys, and elected about to tell the world how the government is going to take over the internet. i would expect some real drama on an occasion like that. am i going to get any? >> there has been some drama

already and we have supporters of the so-called open internet rules standing up and doing applause but no drama in the outcome, this proposal will be approved in the next hour or so, 3-2 vote along party lines three democrats indicated their support for this. with republicans said they would vote against it. stuart: i would like to have seen real drama. i would like to have seen real verbal come back but i guess we didn't get it. you have a tough job getting drama into that situation but you did it. what does this mean for you? a new report from the public policy institute that is on the left says you have to pay even more for your cellphone and internet service. an extra $67 in fees for your home internet and an extra $72 for mobile internet. it is not me saying that. is the public policy institute. essentially new taxes without a vote from congress. the wall street journal's dan

henning areas here as he appears every thursday morning. address those numbers, these added costs. i want you to address the government taking over central part of our lives. i can't believe you are in favor of it. >> not at all. this is what government does. going forward some of the advocates of the open internet are going to get something much different than they bargained for. this is not the government, not merely the fcc taking over the internet. what is going to happen is all of washington is going to take over the internet. the fcc, the congress, the lobbyists, the lawyers, because this is going to be a, open to legal challenge. will take a long time for those legal challenges to work their way through the process. there are members of congress talking about a need for legislation to clarify the situation, been there, done

that. the 1996 telecommunications act which reformed telecom. that took about 15 years to do and it took that long because congress was milking the telecom companies for campaign contributions. silicon valley better get ready to stand in line and a hard money to survive. stuart: some way down the road to it will be politicized. to can raise this price? you can but you can't. who is going to have its license? you will get the license but you won't. can you see it coming like that? >> absolutely. we call that regulatory capture. we have had regulated utilities, the electrical transmission utilities, gas most of those companies are perfectly happy with the way the system works. regulators give them a guaranteed profit.

they keep competition, there's no reason, the fcc keep saying no we're going to prosper competition and regulation and the internet. overtime this is the way it works. they will be captured by the companies -- stuart: last word to you. >> i did not know the internet was broken. i don't hear anybody screaming that we need to clamp down on these terrible companies. there is a young group out there that does watch their television, their netflix movies whatever on the internet and they don't want the price going up, in a free-market system if a lot of people want to watch netflix and netflix on some more and more of the internet of course the price should go about young people going no. this is a government grab. reverses the telecommunications act, reverses judge greene of at&t in 1984. stuart: i am used to the internet the way it is and i like it. it is the wild west, i like the

wild west. what is wrong with that? dan henninger eric, forceful critic of the administration. we have one of the republicans fcc commissioners, he tweeted up picture of the 332 pages of new regulations which we have not seen. bernard: join us tomorrow at 11:00 eastern on this program. to the markets check the big board. i'm calling this pretty flat. we are down 20 points above 18,200. mcdonald's, this is interesting one of the biggest winners of the dow 30 stocks. is getting close to $100 each. works day under a lot of pressure because millennials didn't go there any longer? no longer fast food? i thought they were criticized but stocks back up near 100. as for the russell 2,000 very broad based in decatur, record high earlier today. i think it is a record high right now. the price of oil covered every day, $49.36 down 33%, national

average for a gallon of regular still going up $2 in thirty-fourth since, up a penny overnight. we have a 31 day streak for rising gas prices. we broke this story in the last hour. 4 in navy seal chris kyle historian spired the movie americans sniper will be considered for the medal of honor. congressman roger williams, republican from kyle's sister in texas will introduce a bill to award the medal posthumously. kyle served two tours in iraq in discredit with the most kills in military history. later this hour congressman williams will join us at 12:45. one other breaking story. the senate judiciary committee approves loretta lynch to be the next attorney general. now she faces the full senate vote, she is expected to be confirmed. to vice president joe biden referring to wealth redistribution as emancipation. here is what you said about this on our face book page. david chiming in, he said a lot

of people control 1%. doesn't a lot mean many? how is that concentration? is the quoting from freshman level economics paper? the also said 1% control 1% of the economy. that is factually inaccurate. can he asks this. how can 1% of the economy stump the growth of the whole economy. figure out the percentage of control government has. norman says the federal government has created a welfare nation in the last 50 years and now they want the federal government to solve the problem. talk about job security. tom sullivan joins us now. >> i am glad you are covering this because no one is talking about this. i was stunned when i saw it. emancipation, clearly minorities, we are talking about you and we're going to get you more money and take money from

the evil rich people. it is really joe biden trying to get traction. he can't possibly believe that. stuart: he wants of flat out take it from them and redistribute. >> the day before, thursday, monday or tuesday i got a survey out the 68% of people surveyed said the associated press survey said rich people should be taxed more. joe biden knows how to play this card. is class warfare but it is working. stuart: i think if you take any government, takes more than half of any person's in no matter what they make i find that flat out immoral and wrong. you're still with us. what do you say? that is ridiculous. >> it is so disrespectful. abraham lincoln's emancipation proclamation was about the emancipation of the slaves. the civil rights act of 1965 was about civil rights for blacks.

for joe biden to somehow link that to the 1% and the wealthiest is a disgrace and disrespectful to black americans. it was a dog whistle. stuart: we have this news from apple. they sent an invitation for a march 9th event. presumably to unveil the apple watch. this just broke, tom. thoughts? anything? >> version 2.0. i am curious because they really seemed to hit the ball out of the park but this one i never worried about. stuart: march 9th? >> i will be interested. stuart: janet yellen getting defensive on capitol hill, criticized for being too political. more from this exchange next. >> i have never said the federal reserve is the right agency to deal with those when asked what contribution -- >> then why are you talking

about it?

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stuart: the invitations have gone out march 9th is the date the apple watchers expected to be unveiled march 9th. they are calling the event spring forward. it happens the day after daylight savings time. spring forward, march 9th. strange inheritance the newest prime time show and this thing is a hit. now we are bringing you even more. it is called strange inheritance unpacked and is hosted by melissa frances and look who is here, melissa frances in the flesh. >> strange inheritance is like antique road show with all but the emotional baggage and drama of the fear how these people squabbling over these objects and how they came to be unpacked. we used clips that didn't make the episode which i can't believe because there anomaly and complete the story and also i asked all the questions jamie

colby is too polite to as the. i really offend everyone which is my trademark at fox business alike just keep doing that in the strange inheritance -- stuart: pour little house on the prairie. melissa: i drilled to the koran does question, you didn't fight over that you didn't burn more cards in the backyard so they would be worth more, i drill down on the details. stuart: did you bring a clip with? >> we did. we are talking about the stradivarius cello. it sold for more is and $6 million but can audiences really hear a seven figure difference between that and the discount version? now is your chance to find out. our blindfolded audio tests. ♪

♪ melissa: do you think i got it right? they you see what my hair looks like when i took the blindfold off? stuart: one sound came from the stradivarius cello and the other came from a non stradivarius. melissa: we had a very extensive one. we were trying to see if you could really tell the difference. could i tell? you have to watch tonight to find out. it is a lot of fun. in that episode in particular there was a lot of emotion involved. i thought those ladies were jealous of the cello and the attention their father played to would so we delve into is that. stuart: 9:30 tonight, strange inheritance and packed. melissa frances 9:30 tonight first episode tonight.

melissa: tune in, it is a lot of fun. thanks very much. stuart: janet yellen accused of inserting herself into issues the chairman of the federal reserve should not. listen to the exchange between congressman michael veiny and janet yellen. >> income inequality in the united states, i have never said the federal reserve is the right agency to deal with those when asked what contribution -- >> then wire you talking about it? >> i also talked about budget problems and deficit problems and they are your responsibility. >> you went to great lengths to point out you are not political and you start to talk about items that are outside of your jurisdiction. >> petter -- every federal reserve chairman, my predecessors talked-about large important economic trends and problems affecting the country

whether it has to do with trade or productivity. >> monetary policy -- >> i am entitled to do the same. stuart: that was a contentious exchange and congressman mckelvey any joins us now. are you happy with the response he received from janet yellen? >> she is going to continue to do it. steven mind the comments were in the context of why there is not bipartisan push in the house and senate to have more oversight, the fed bill passed on a bipartisan basis and it has to do with the fact that she is starting to talk more and more about political issues, things that don't deal with monetary policy and the senate the day before she talked about organization of labor. these are not monetary policy areas. my point to that chairwoman was if she is going to talk about political items she and should expect to be treated like a politician. stuart: how about the issue for

example of inequality. if janet yellen were to raise blood issue of inequality is she raising a political question or is she saying within the bounds of an economic question? >> she is raising an important question but it is a political question that if i had a chance to continue the conversation i would have been able to get her to admit the same thing her predecessor said when it came to the large labor markets would clearly have a lot to do with the inequality of wealth distribution and income distribution and ben bernanke said that is a fiscal issue. that is up to congress. that is not the realm of the federal reserve. that is what we would expect her to be saying. she is not saying it she should expect push pet -- push back from congress. of the one the job of the fed is to maintain full employment that is the mandate placed on the fed. so to some degree she has been forced into the concept of the labour market. and how to get full employment

which is inherently a political question. >> she could admit the same thing her predecessor did under a similar line of questioning two years ago. which is excuse me, orthodox economics will tell you monetary policy cannot influence labor market with full employment in the long run and that is what ben bernanke said. a fiscal decision should be left up to congress. that is what we expect her to say when she moves outside the bounds. stuart: lead 20 seconds. do you think the federal reserve should raise interest rates anytime soon? >> she telegraphed that the tools to contract in the future coming an undetermined time in the future was not by raising interest rates, not by minimizing the balance sheet but by raising the interest rates paid on reserve. stuart: thanks very much for joining us. that was a contentious exchange

yesterday. thanks for being on the show today. united airlines warns its pilots near misses a major safety mishaps, just over the last few months. tom sullivan is here, an accredited by that. he tells us what we need to know.

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stuart: much of the southern part of the country paralyzed by cold weather and a couple inches of snow. some shots from atlanta black eyes from la highways causing a lot of accidents the traffic tie's leading into the city. from alabama i posted this time lapse video and youtube of snow falling over the course of an afternoon and into the evening. that is a lot of snow. this is the south. paralyzing snow. check the share price of united as united continental airlines a top safety official sending a sharply worded memo to pilots carley shimkus four recent major safety events including a near miss mid-air collision. reviewing and complying with the

guidance and company manuals it is imperative to returning to fellow crew members and passengers to family safety. this is our top priority and greatest responsibility. tom sullivan is a pilot himself. that was a brutally honest memo and i was surprised to see it. >> the chief pilot or whatever they will come to you, you are in trouble if you don't follow procedures. stuart: that memo faulted the pilots for saying we took over continental some of the older most experienced people have gone. we are having trouble with the set of pilots we have got. >> i don't think it has to do with age. younger pilots are more involved with the technology of the cockpit and the technology will protect you from -- give you a

ground warning if your too close to the ground or warning your too close to another airplane on top of air-traffic controllers and united has an impeccable safety record so this is shake up and stay within the parameters and don't get lazy and let the technology fly the plane. you have to pay attention. stuart: i admire the honesty. first obamacare, now the internet. more regulation more expensive. seems like everything the obama administration touches ends up more bureaucratic, more red tape.

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speak to the fcc will vote any minute now on changing the internet as we know it. ashley pratt joins us now. ashley, i am not concerned about the pricing policies that will be laid down here. i am concerned about the politicized nation of the internet. i do not like it.

how about you push a mark. >> very true. i think it will be the issue of the overregulation by the federal government. fixing something that is not token. the internet is their latest thing. i do not think that anyone would disagree that healthcare reform is necessary. we have seen a lot of problems related to government takeover. the internet, would be a complete disaster. >> i keep coming at you because you are a youngster. >> 25. hardly. [laughter] stuart: zero my goodness me. you are my granddaughter okay. younger people like government because they think that the

permit like to make everything fair here and. >> we have been brought up where they tell us, if you get a trophy everyone needs a trophy. look at little league today. we have young people today thinking well it is not fair if there is competition between comcast and verizon. now, we have the federal government coming in and saying this is what needs to be done. >> the name alone net

neutrality who is against neutrality? [laughter] >> healthcare for all. it is what dave played. >> when will you young folks see the light? you are in a tiny minority. >> yes. i completely agree with that. looking ahead, i think young people are really, really jaded by what happened under this administration. we have seen the increase in premiums by 72% for young males. it is not affordable. it is not what it was pitched as when obama when around to ring campuses. it is not free. young people are suffering when they do not have jobs and they are in their parents basements. they are wondering, why did i

vote for him. that is what we are seeing now. >> tom sullivan. >> it will never be out. this is the future. never out of government. stuart: trust me, ashley, i am a great deal older than you. >> you do not look a day over 25. >> thank you. once you've got it, you got it. always. the nine words we should fear in the english language are i am from the government and i am here to help. >> margaret thatcher said something very similar. ashley, thank you so much for joining us. it is a pleasure. breaking news from the nfl. overturning adrian peterson's

nfl suspension. the decision means peterson is immediately reinstated and can rejoin the team. hold on a second. that is fascinating. >> this is two out of two that the nfl has lost. roger good dell is losing in court. >> okay. all right. have to move on. check that they board. down only 16 points. look at amazon. a new high. 389 earlier. 385 now. there was a time where amazon was over 400 years they hired jay carney as senior vice president. perhaps, you can make some

headway on the drone but. did you know we have shrimp farms in the midwest? jeff flock knew that. he is at one. 800 miles from the gulf of exit code. we get shrimp from indiana? since when? >> i will tell you. look at this guy job. 200 trips a month come out of this facility a loan. these are essentially swimming pools. there is shrimp and then there is pools. take a look at this. you have been raising shrimp for how long? >> five years in july. >> why shrimp? >> easier to raise them hogs. >> these are swimming pools,

stuart. there are now 25 of these shrimp farms around the u.s. these guys, if you pick them up -- hold on. let me get another one here. these things, oh, i've lost him too. stuart: you are walking away with a prophet there jeff. >> anyway. 200,000 a month. stuart: 200,000 shrimp a month produced in indiana. that is fascinating. >> in the middle of the cornfield. >> good stuff. i learn something every day. shrimp from indiana. who knew.

next, we will from that shot of you going down the louche at 80 miles per hour. backyard terrorism. it is here. both diesel is next on that. ♪ 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

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right now the nasdaq is up 14 points. it has not yet reached that 5000 mark that some are waiting for. cisco systems mcdonald's, express. chevron, exxon caterpillar among the ladders. the fourth-quarter profit was hurt. down 14% today. apple sends out in invite or march 9. everybody says it will be all about the new smart watch. ♪

stuart: we check the price of oil you regularly. down. national average for a gallon of regular. up a penny overnight. thirty-one straight days. gas straight up. idaho and utah are the only ones left. here is the cheapest gas in the land. jasper texas. $1.27. we broke the news last hour. roger williams introducing a bill to award the medal of honor to chris kyle.

the man who inspired the movie "american sniper. i do not know how this works. if you submit a bill, it gets the medal? >> it will go through the house and the senate. hopefully, everybody will agree to this and he will be presented the medal by the president. >> why do you think he deserves this medal? >> he truly is an american hero. he saved countless lives. it comes at a good time, too. we need to let the soldiers know that we appreciate the job that they do and that we love them. we waited to do this until after the trial. >> michael moore who really insulted kyle, apart from him i

would not expect you will get much of a fight in congress for awarding this medal, do you? >> i would not sink so. we filed the bill a short period of go. i do not think it will be a problem. i am excited about it here at i think it sends the right message right now. >> doesn't it break the principle that the congressional medal of honor is the highest on the field of battle. that is not why you are trying to get that medal. >> no. he saved so many countless lies. recognize as someone who has probably saved more lives than anybody. he is a hero. people will sign on and i think they will agree with this.

>> it will have to be set up to, on the floor of the house. i think it will move quickly. >> we will be following you very closely. >> let's get back to that three suspected homegrown terrorist. the man allegedly planned to join isis and launch an attack here when they got back home. both tito is here. okay. the mayor and the police chief will not allow the surveillance of mosques. do you think we should? >> this is very obvious. the thing that frightens me about this whole thing is we have an informant. when these informants get involved, they start texting or e-mailing akin fourth.

my fear is we have these three of them that wanted to go over to isis and come back. everyone is jumping up and down. i am afraid of the ones that we do not know about. especially when they travel. when they are suspected of going certain places there are so many ways to fly to europe and into turkey and then on. the only reason why these guys got caught was one of the undercover's that a had and one bills the informants gave them up here it how many are out there without informants knowing they are there. you have a bunch of people out there watching the websites. why can't we take out these websites? see them, hit them, knock them

out. we should get the guys from microsoft. gates. let's develop a technology. we can knock them off the internet. that is safety to that country. conspiracy to take over this country and do harm to this country, they should introduce a bill. they should not have that readily available. you have to give up some liberties when you want to be protect it. >> i challenge anyone to watch that video. when they cut those christians heads off, i challenge you. not to get outrage like i am.

what do we have to do? emergency sessions. japan, give them money. let's get a lot of money together. let's get the weapons that we need. we should get thousands of cruise missiles and we should band together. it should be all of our allies there. what do you guys need? make friends with them. this isis will march into russia, two. this is a world problem. what was that disease that was out there worship mark this is like ebola. we have to wipe out isis. the whole world has to join together. not just america.

we have to put the pressure -- stuart: two years is a long time. >> i know. they've a a lot of people are being kept hostage. where in the heck is this united nations? now is the time to have an emergent the session. and together. not just america. let's get muslim countries to bid together with us and help us. >> oh, detail, we always like it. you do not hold back. 7-eleven making 7-eleven making it easier for you to open up a franchise. what if you are deep paid? do you get a break too?

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stuart: march 9. the day for the unveiling of the apple watch. they are calling the event spring forward. do you get it? got it?

deirdre bolton will have much more on this coming up later on on risk and reward. seventy-seven of them in washington, d.c. metro area. what the company calls zero franchising fees initiative. what happens if i have already paid the fee? $180,000. i have paid the fee. i will not be real happy when i see you guys giving it away to other people. our friends are excited about this program. it gives them an opportunity to increase the number of stores that they own.

it is a great opportunity to bring in missing franchisees as well. taking advantage of the opportunity to feed the american dream of small business ownership. stuart: i know that you want to hire that. barry at verbal. you cannot find enough people willing to pay $180 million so you are willing to offer it for free. >> we have 200 select locations that we believe we are a franchise business. when we have corporate stores and franchise stores, they simply do better with franchisees. this is a good decision for us. the franchisees make connections in their community.

they work with their customers. nobody takes care of a rental like they do their own. stuart, shows your average franchisee make per year. >> a franchisee gets back out of the business exactly what they put into it. the amount of effort that you put in determines the amount that you get. we think that this is a great chance for folks to get in. we are very committed. >> 7-eleven. thank you very much for joining us. appreciate that. tom wheeler is speaking now. the internet as we know it is changing. more on this in a moment. tell the local

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stuart: that apple watch. voting on changing the internet forever. deirdre: thank you very much. the internet should look like any other utility. net neutrality vote starts today. the head of the $1 billion plus unit is our exclusive guest. more than a billion users. it is still not profitable. the fcc is currently voting on chairman tom wheeler's net neutrality proposal. deciding whether or not internet providers can rove i'd a fast and a slow lane. ahead of the decision, we welcome three esteemed guests