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tv   Varney Company  FOX Business  March 2, 2015 11:00am-1:01pm EST

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>> welcome back. rally underway in washington. the nasdaq not far behind. it just hit 5000. varney and company starts right now. stuart have a great show. stuart: some things just have to give. the world is not a pretty place this monday morning. wall street is having a blast. hundreds of questions have been seized by isis. the "wall street journal" details the split over iran's nuke. the new sectarian battle takes suydam hussein's hometown.
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a race to the bottom for currencies and interest rates. what is wall street doing? record highs across the board. varney and company is about to begin. ♪ stuart: looking here. that is the nasdaq. first time since the dow on days. cheryl casone with me. going through this together. is that a bubble? >> this has been a very slow build. we used to think that the nasdaq was just technology.
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it is not anymore. >> we have a mind set. you are quite right. i agree with you. news this morning that air bnb is worth $20 billion. snap chat. these are not listed companies. i think that is the bottom. >> who do you think is pushing these expectations. the rest get that you know what out of them because they bought the stocks at these superhigh levels. >> let the good times roll.
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look at the big board right now. the dow at 18,248. i do not believe we have been there before. i believe it is a new intraday high. i have a stock for you. mcdonald's. seems like just two weeks ago it was 90. another stock story of a very different kind. lumbar liquidators. taking a big hit after a 60 minute story last night. the story said that, allegedly lumbar liquidators sold for and with high levels of formaldehyde . they did it to maximize their profits from chinese imports.
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we will take a look at the stock when it reopens. right now it is closed down as this news gets out. what in the devil is going on with gas. $2.42 a gallon. up $0.05 just over the weekend. thirty-four straight days, the price of gasoline has gone straight up. in california, the price of regular gas has gone up $0.43 in a week. the highest state average for regular at $3.38. what is going on? >> i am not completely surprised about gasoline prices going higher nationally.
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so much stricter when it comes to how that gasoline is produced. a bigger piece of this. >> wait a second. are you telling me that it goes up $0.43 in one week because of the shift? >> not in one week. yes, the refinery is a portion of this. a1-two punch for the citizens of california. stuart: i am not usually on that side. this is such a spike so rapidly. so nationwide. especially in california. >> you wonder about collusion.
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again, oil is now rising today again. >> we will see. let's move this thing along. it is reported that a force of 27,000 attacked the city. the united states is rethinking its plan to take the city. there has been a delay. come on in amber smith chopper pilot that saw action in iraq. in your judgment, airstrikes alone will not do the job and american troops on the ground fighting is the way to go. >> airstrikes alone will not do the trick. there has to be a ground component to it.
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we said that from the beginning. we are going to have to establish a ground coalition to take back territory that isis has gained in iraq. stuart: we will have american troops beating up isis and killing them. are we going to do that? >> this administration does not want to. sometimes, it is necessary. right now we are looking for leadership in iraq. it is a cord made it effort. the government in bad dad is looking for the leadership. they are looking for guidance. they will take it where they can get it. >> let me just back up for a
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second. as i understand it and as you just reported, the force leading bat attack is she up. we are now in a position, the hometown maybe retaken by force is very friendly with iran. that can hardly be an american victory. >> no, it's not. there was going to be this major assault in april or may of this year to take back the city. instead, baghdad government came out and said no we are not ready for this urban style warfare. we are not ready to basically assault in till we are ready. really it will be interesting to see how this plays out as you mentioned. it has strategic importance.
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in order to have any sort of effective assault they have to take that first. >> what kind of victory is that if the iranians lead it. thank you. lots of big stories to go today. here is lauren simonetti with more in case you missed it. >> samsung releasing their latest phone. it is made of aluminum and glass. it's cameras are faster and brighter. it has a fingerprint sensor. it also has the payment system. check out shares of visa and citigroup for a second. they are all of. city will be the exclusive
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issuer. the sub replaces american express. it was just last month that cosco said they were ending their 16 year partnership. >> all right. thank you very much indeed. president obama going after your guns again. he wants a bullet band. judge napolitano on that. first, western australia. what you see the young man who jumped out his name is christopher jones. he has a seizure. he goes on conscious. he did is come full day. spinning out of control. the instructor struggles over to him. grabs a hold of him. tries to pull the cord to get the shoot open.
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i think he just got him. here he comes. he will get him. the instructor has to guide himself. he will grab him. there he goes. he pulls the cord. out comes the shoe. the guy plans safely. mr. jones. he almost got himself killed. he is prone to seizures. has not had one for four years. the doctors said he was okay to make the jump. back in a minute. ♪ so what about that stock? sure thing, right? actually, knowing the kind of risk that you're comfortable with i'd steer clear.
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really? really. straight talk. now based on your strategy i do have some other thoughts... multiplied by 13,000 financial advisors it's a big deal. and it's how edward jones makes sense of investing. 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
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>> lumbar liquidators were the subject of a very negative story on 60 minutes last night. using too much formaldehyde in there for coverings. we just heard that they accuse 60 minutes of using improper
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testing methods. the stock at the moment, is still not open for business. checked the big board though. new highs all over the place. look at the nasdaq, please. hit 5000 earlier. does that not recall the.com days? yes, it does. just started trading. $38 a share. down 25%. look at aly baba, please. leaving the country within six months. down 30% from its highs last november. time is money. let's get through this quickly. pope francis. our current system seems fatally
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destined to suffocate hope and increase risks and threats. more on that later. some good pr. a high school student sends a message. there is a whole lot or to this story and we've got it for you. a headline in the washington post. why you should not give your child a bath every night. doctor mani on that one. please do not tell me that we will save the planet one bath at a time. [laughter] >> president obama using executive order. we hear that 40% of house members oppose that dan. now he goes after guns, specifically bullets by
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executive order. >> he has had the zero hour call tobacco firearms and explosives. they publish it for 30 days saying that within 30 days, unless interfered with by congress this rule will come into place. the bullets are the only bullets that will work in and a are 15. the president moved before congress to have a are 15th, which is a military style gun banned in the united states and congress declined. the president is attempting to accomplish by his academic order what he could not accomplish by legislation by deifying the congress. rule for interference by the
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courts. >> my problem with all of this is the court has to adjudicate this. the court takes so long. >> he has to take a long time. justice has to be served. >> the courts may very well rule quickly. they can get a preliminary injunction. the preliminary injunction for present the order until the court can examine if there isn't really a need to do this. >> essentially the president has silenced the results of last november's elections. >> yes he has.
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>> pushing his own agenda. >> you and i have argued about this. >> yes. i will leave he is attempting to establish a very hard left legacy. >> that is a very serious thing. >> it is. i think that we will see many more of these. >> the proper response should come from congress. democrats and republicans united. >> when congress rejected the and on a are 15th, many voted with republicans to reject the band. the gun is of no value if you cannot type bullets for it.
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>> the courts have a duty to respond to this. >> yes. >> continuing to do this over and over again. >> i do believe that we are on the same side. it is very fortunate. [laughter] >> i am just a poor foreigner. [laughter] >> i had to have a drastic haircut. >> move on, stuart. stuart: a plane grounded on the tarmac for nine hours for a
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flight that was supposed to be a half hour. who is going to pay? the airline. ♪
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>> hombre liquidators resumes trading. sixty minutes used in proper testing methods. the program last night said there were high levels of formaldehyde. trading is down 21%. look at the nasdaq. it hit 5000 earlier. it is about to hit it again, by the looks of it. >> barry mary burned, many of us were very burned by the.com bubble. look at the dow. record territory earlier. now this.
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what was supposed to be a half hour flight from dallas to oklahoma city turned into a nightmare for passengers. >> every time they say 15 more minutes, people start laughing. >> everybody was pretty frustrated. everyone wanted to go home. most people were really tired. lots of yelling back and forth. >> i can see it now. first of all what happened here? >> and our flight. deicing. they had bad weather. they did not break the passenger bill of rights. the plane was at the gates. people were able to get off the
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plane and go back to the terminal if they wanted. american knew this. they protected themselves. they let some of the passengers off. a spokesperson for american came out and said they could get off. >> the canticle problems once they get out to the end of the runway. it took them 10 hours to get to oklahoma city. did they break the guidelines? no they didn't. i bet you are glad you are not a flight attendant. >> are you kidding me. >> samsung releasing a new phone. is it just playing catch-up with that out posted?
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some good pr for the philadelphia eagles. there linebackers surprised a 16-year-old high school student by accepting her invitation to be her prom date. just watch him play the pn o on fox and friends this morning. ♪
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theft protection risk free and get a document shredder free. call the number on your screen right now. stuart: look at this, another record high for the dow industrials, and we're still up 120 odd points 18,252. look at oil, that's a flat market. most other things are going up this morning, oil is sitting right around $50 a barrel. the national average for a gallon of regular gasoline is just going straight up, 30 odd straight days up. it was up five cents over the weekend, you're now at $2.42. somebody's having a go at me on the gas pump. take a look at the stock price of apple. we cover this every day. why not? few companies touch so much lives as apple does. just shy of 130 right now. now it's got some competition from the brand new samsung s6
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edge. boy it's got a curved screen. joining us the kurt knudsen the cyber guy. doesn't mean it's competition for the iphone -- >> there's more to it. of all of the samsung phones that have ever been made, this one, bar none, is their biggest leap forward. and if i were an attorney at apple on sunday when it was announced at the mobile world congress, i would be saying wait a minute, that looks an awful lot like the iphone 6, so many qualities do mimic -- stuart: that's my point. it's just playing catch-up. it's not leapfrogged ahead of the iphone 6 it's just caught up to it. >> well, to -- you're right, to that extent. stuart: you tell me. >> okay. of it's got a complete, new redesign which the iphone doesn't do this, where you can set it on a wireless charger without using any wires, and this one is built where it has a whole bunch of compatibility to the two major flat forms out there -- platforms, so you just
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pop it onto a tablet that's growing in popularity, and it recharges that way. stuart: well, that's not that big -- >> oh come on. it's -- stuart: [inaudible] >> it's now got glass on the back. it used to be plastic. and then that edge is beautiful. i mean, it really is a beautiful design. >> swiping technology which a lot of people prefer that i will say over the app. >> cheryl's right, the edge makes it easier to swipe the screen, but everything else about it really does screen we're copying the iphone. stuart: thank you. glad we got there. >> there's no question. stuart: we're out of time. last question. >> yes sir. stuart you had your choice, you have got the iphone 6 the galaxy whatever it is, which one do you buy? >> i'm always the guy that doesn't go for the silk flower replica of the real thing. i like the innovators, and i think apple deserves -- stuart: thank you. >> -- kudos from my pocketbook,
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so i will stick with the iphone. however i will also have that other phone just to play with because it's my thing. stuart: okay understood. thank you very much, indeed. the cyber guy, right? thank you. for a lot of teenagerses prom is a very big deal. i've had six teenagers in my life, and i know what i'm talking about. asking a date to a prom, that's an even bigger deal. well, virginia high school student hannah dell monte decided to ask the eagle's linebacker on social media, and he said yes, but with one condition, her or request had to receive 10,000 retweets on twitter. she beat that number in less than four hours, and he surprised her at her school with an official acceptance. watch this. >> so i already talked to the school board, but -- [laughter] would you like to go to prom with me? [laughter] [applause] stuart: guess what? he's here the man himself.
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mr. nice guy, emanuel archer who plays, i believe football for the eagles. >> that is correct. american football. stuart: oh, stop it. you're a linebacker, aren't you? >> yeah inside linebacker. stuart: there's a difference? >> outside are a little bit bigger, a little less nimble. stuart: so you're a small guy. >> that's what they try to tell me. stuart: and you beat the devil out of the opposition. >> that's what i get paid to do. stuart: you've got a wonderful smile, and you did a wonderful thing for that high school student. you should be the poster guy for the nfl. they need people like you. >> that's what i hear, but it's one step at a time. you've got to kill the little fish first. stuart: you didn't do this out of a publicity stunt though did you? you're a nice guy. >> if you ask me to do something, i try to be a man of my word, that's why i tweeted if you have a different -- if you have a chance to positively impact somebody's life you don't make excuses, you make it happen. and when she retweeted at me,
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she did her job, she got the 10,000 retweets, i had to make it a very special moment for her. stuart: forgive me for pressing, did you have a public relations analyst say, you know what? this would be a really good idea. >> that's a great question. appreciate this, i didn't feel like i needed one. but after she get all the retweets and people started contacting me left and right, it was like i need help. [laughter] stuart: how many years have you been in the nfl? >> going on year four. stuart: you realize your career should be statistically just about over. >> yeah. as soon as you walk in, you're really on your way out but i'm trying to squeeze the most i can out of this. stuart: you see, i'm trying to make you a fortune, and i think i can do it for you. >> well, do it! stuart: a man who does a fine thing for a young high school student and then performs admirably on the fox news channel and the fox business network, you are the poster guy for what the nfl should be you're worth a fortune. >> hey, if that's what you say,
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i say you run for the nfl pa, and i'll tell my brother to nominate you, he's on the board of the cardinals, and he is bam -- stuart: what's the pa? >> players association. stuart: oh, okay. >> something else -- [inaudible] >> from the music you played. [inaudible conversations] stuart: i guarantee it, and i want a percentage. what's your name men? emanuel acho you're an inside linebacker for the philadelphia eagles. that's it? >> that's it. stuart: mr. nice guy. thank you so much for being with us. >> thank you for teaching stuart more about american football. [laughter] finish thank you. stuart: it's a struggle. you're a good man. >> thank you sir. stewart stuart i'm calling it the biggest financial story in two generations. i caught some heat from my producers because i say this is the biggest story of generations. find out what it is and whether steve forbes glees with me, in a moment. -- agrees with me in a moment. ♪ ♪
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call us or your advisor. t. rowe price. invest with confidence. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. ♪ ♪ >> i'm nicole petallides with your fox business brief. the dow is up 122 points right now, hitting record lifetime highs sitting right now at 18,255. the s&p 500 up over nine points, the nasdaq composite, there it
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is 5,000 for the nasdaq. it's the highest level since the year 2000. some of the best performers since the year 2000 are many of the consumer names. just take a look here these are the names that have performed the best monster beverage tractor supply, gilead. some of these stocks are up 4,000% and monster up 52,000%. take a look here at the dow winners. cisco systems multiyear high there, visa, all-time high, so that's been a winner. that's on the costco deal. and take a look at lumber liquidators a stock that recently owned, right now down 21% fighting back against allegations of formaldehyde in their wood flooring.
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stuart: i think i'm on to something here. have you seen those jackets this winter? i think they're ever where. they're -- everywhere. they're from a company called canada goose. they start at $450 for a child's size, they go all the way up to $1200 for adults. cheryl as i walk around all across america in winter weather, i see those all over the place. >> they're all over manhattan. i've lived here ten years, i think this is the coldest winter, but yes, they're everywhere. and the one i was looking at was $850, and that's just for, you know, a hooded jacket. but i i think because of thewet this year -- the weather this year, they have grown in popularity more so than ever. stuart: they are the ultimate
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clothing winners of the winter of 2014 into '15. >> i absolutely agree. and just this year, like you, i've just noticed they're all over the streets. i'm assuming in chicago and boston and minnesota as well. stuart: what's the name of the company? canada goose. >> they're everywhere. bloomingdale's -- stuart: private company. >> private company but they're for sale everywhere. stuart: watch out. somebody is going to buy them. >> probably. breaking news. stuart: now, we have -- in my opinion again -- we've glossed over the biggest economic story in two general with rations. i'm saying this -- general races. i had to fight my entire production crew. the whole world is slowing down, the whole world is on a march to a lower currency value. we're drowning in debt, we're printing money up the wazoo, and the u.s. dollar is going straight through the roof and so is wall street. i think that's the biggest story of the decade, and steve forbes is here to either agree with me or never appear on this program again. so steve, am i on to something?
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>> you absolutely are stuart yes. stuart: excellent. [laughter] >> no, no one's ever seen it before. stuart: it is a serious thing isn't it? you've got deflation in many parts of the world printing money, all these central banks are printing money, interest rates are collapsing, currencies are collapsing, and we don't hear anything about it. >> well what these central banks are doing, they're printing up bank reserves and, in effect, taking resources from the economy. that money's not being lent out. it's not being lent out because they keep telling the banks raise your capital requirements. if you make a loan, we'll swat you down. we saw it in this country, we see it in europe. you look at loan demand or actual loans being made not what they should be especially in an economy that's supposed to be in recovery for six years. so they give with one hand and take back with the other. they've so perverted the capital markets with these price controls, suppressing interest rates is a form of price control, they make it very hard for new and small business to get adequate lines of credit. i just talked to a woman the
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other day who started a successful restaurant in philadelphia, wants to open another one, went to bank, she's had positive cash flow from day one, needed 360,000, they said we'll give you $60,000. that's why we're not getting the job creation we need. stuart: that's interesting. so all this money printing is no good if the banks are restricted in how they give it out in loans. >> that's right. stuart: that's the underlying story here? >> that's the underlying story. that's why you have deflation and negative interest rates. >> the argument that we were making on this network seven years ago when this all began, we sat and said that this was basically stimulus money wasn't going to work. it didn't work. you're both -- you're showing that point right now because again, you hand the bank the money then you say you've got to have -- stuart: you know if i lend $100 to uncle sam for ten years they pay me $2 a year in interest. if i loan $100 to the german government for ten years, they pay me 30 cents in interest. and if i put $100 into a swiss
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bond, they don't give me $100 back they give me $98 back. that's what's going on in this world. i've never seen anything like that before. >> well, what the banks have done, they've bought up all the good government bonds and that's why you've senior a huge appetite -- seen a huge appetite for corporate bonds for junk bonds. the whole private sector's yearning to get debt in order to function. the insurance companies need bonds. that's why when apple makes an offering, boy people just descend right on it. there's a shortage. you're right, nobody's talking about it. stuart: is there a crisis brewing? >> things are going to hit the fan. you don't know when you don't know how, but this thing is nonsense. you're already seeing political repercussions. you saw a crazy party take power in greece, crazy parties gaining strength in portugal a fascist organization in france is becoming very very powerful. so the lunatics are taking over. stuart: i'm glad you're with us today. >> and we saw that in the past.
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that's why the u.s. has got to take the lead. we've just got t to get through the next 18 months, then we'll rescue the world and ourselves. [laughter] stuart: all right. would you please stay with us was coming up next -- because coming up next steve is going to bring us the exclusive billionaires' list which by the way, keeps on growing. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today.
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stuart: oh, we have some very big money to tell you about, what you're looking at, that gentleman there is blackstone's cofounder chief executive, steven schwartzman he is personally taking home $690 million last year. cheryl quickly, why so much? >> $570 million of that salary dividends. dividends that he received from his investments. he's one of the founders of the company. he is, they sold a lot of real estate, other deals that they actually profited from, so he laid the groundwork for that salary that he got overall. his base salary is only $350,000, and here's what makes him even smarter he only got taxed at 20% for capital gains on the dividends of 500 million and change 570 million. he also made 33 million from profits of his own investments in blackstone funds. he's putting his money where his
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mouth is and, i mean i have to say, we really can't fault him. it wasn't like the company said, oh, we're going to give you $500 million. he performed and he profited from that performance. stuart: i wonder what president obama would say about a 20 percent tax rate? outrageous. let's get to "forbes" 29th annual world billionaires' list. here's the headlines a record 1,826 billionaires made the list this year up from 1,645 last year. so there's a net gain of 181 billionaires. look who's here still with us, "forbes" media editor-in-chief steve forbes. so we created 180 -- this is worldwide -- >> this is worldwide. stuart: an extra 181 billionaires. >> still billionaires, not trillion theirs yet. stuart: right right. that's a big increase. >> it is. and it shows even though the world is going to hell in a hand basket, entrepreneurship is not dead. the vast majority on that list is self-made, another huge chunk are people who got an
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inheritance and have grown it. so this world is yearning to grow if the politicians just would stop mucking up. stuart: 197 women billionaires versus 172 previously, so a net gape of 25 female -- gain of 25 female billionaires. >> that's right. right here in the united states. a woman named elizabeth holmes, dropout from stanford, a little over 30 years old. she had a phobia for needles, so she's invented this device to test blood a little prick in your finger and boom, it's dope. you don't have to go through the rigamarole, she's worth over $4 billion. stuart: forgive me, but i'm not heard of -- >> yes, she's been on the fox business network. institute oh, i'm sorry. she's made $4 billion? >> that's her work. and we'll see how the company because, but that kind of entrepreneurship, i think is a good sign. and now in terms of women doing things, denise coats in britain, a little less exalted than the
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blood thing, she's in the gambling business online -- stuart: what's her name again? >> denise coats. stuart: and she's british? she's worth a billion? >> over a billion. stuartout and she started this from scratch? she didn't inherit it from her do you duke of a husband? >> no no. stuart: that's pretty good. >> you should look at these dating site numbers. [laughter] stuart: stop it, steve. stop it right now. [laughter] the tech boom. that's created these billionaires. >> a lot of them. stuart: what about american tech boom billionaires versus chinese tech boom billionaires? >> you get some from china, but we still have our mojo here. actually jack ma, obviously, with alibaba, but here with uber, air b&b and things like that we're still moving ahead. stuart: you still -- >> snap khat, youngest billionaire in the world, evan spiegel, 24. worth over a billion dollars. i betcha his phone calls are returned when he calls up. [laughter] stuart: t but your -- michael
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jordan is on the list. >> yes, and he owes that to a racist, donald sterling. steve balmer bought his basketball team, that raised the value of all of these other nba teams. the hornets mostly owned by jordan suddenly shot up in value, and now he's a billionaire. stuart: that's fantastic. >> so he knows how to not only shoot but also shoot those dollars. stuart: bill gates still the world's richest man? >> yes, he is $79 billion. he's given away a lot of it, made another gift last year of microsoft stock -- >> i'm always curious, yeah when you do this list every year, did it change this year, the top five? is that the same five people? >> pretty much the same on that level. but in the top 20 zuckerberg is now in the top 20, another college dropout. so -- i shouldn't say that with education on the forefront
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but -- stuart: but you said it. [laughter] >> entrepreneurship. that's what this list teaches me every year, entrepreneurship. stuart: i'm a missionary to this country. that's what i'm all about. steve forbes, thank you very much, indeed. >> thank you. stuart: netanyahu to speak before congress tomorrow. yeah, he's going to do it. one of putin's biggest rivals murdered. the world is going -- well, it's on fire isn't it? yet the market is at an all-time high. k.t. mcfarland, charlie gasparino and all of those stories top of the next hour which is just two minutes away.
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stuart: when your neighbors want to kill you and your friends give you the cold shoulder, you have reason to worry. benjamin netanyahu is worried. he knows president obama desperately wants a nuclear deal with iran, and he thinks our president will eventually let them get a bomb. the very existence of israel is clearly threatened. so is america.
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is anyone comfortable with mullahs marching unstopped to get a nuke? anybody? this is why israel's leader will address america's congress tomorrow. he's going to call out president obama's tilt to the muslim world. he's going to spell out the danger we're all in. he will speak the truth. and he's right to do this. simply because the issue is so important. it cannot be swept under the diplomatic rug. the iranians just played war games where they destroyed a mock-up of an american aircraft carrier. documents from osama bin laden show al-qaeda working hand in glove with iran for years, and we're going to let them get a nuke? i don't think it is too harsh to say that this is a failed presidency. it cannot be allowed the ultimate failure which is a nuclear weapon in the hands of a terror-addicted islamic regime. welcome, mr. netanyahu. tell us how you see it, because we want to hear. ♪ ♪
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stuart: well you just heard what i had to say about mr. netanyahu's visit. fox news national security analyst k.t. mcfarland is here to weigh in as well. do you think i was being a little restrained? >> yeah. because there are two issues here. one is iran potentially getting nuclear weapons, threatening israel. and this is his hail mary pass. he knows obama's about to sell israel down the river in exchange for a deal with iran, so he's trying to talk to the american people and the american congress saying please, don't let this happen. but there's a second thing which is it's not what president obama thinks that iran's intentions are or what iran promises it's going to do. i mean, i think -- i look at them as iran pretends they're not going to build nuclear weapons we pretend to believe them but the reality is what do the other countries in the region think? if the saudis, if the egyptians, if the turks, if others in the region look at iran and say i think iran is on the cusp of getting nuclear weapons, it is a
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threshold nuclear state, they will say -- this is being done now with america's blessing, therefore, we've got to figure out our own security therefore, we want nuclear weapons too. so you could see a nuclear arms race in the middle east in the next five or six years which we have seen in this last several years. there are unstable governments, there are shifting alliances, and if you throw nukes into that equation, pretty dangerous world. stuart: congress at some point has to pass judgment either on the sanctions against iran or the deal which the president wants to work out. >> correct. stuart: congress has to pass judgment. now, they will pass that judgment, and the president will probably veto what congress wants to do. i suspect that mr. netanyahu wants to address congress so that they might be in a position to override the president's veto. is that possible? >> well, sure override the president's veto or at least slow the process down. congress was in on the beginning of this it needs to be in on the end of it. it imposed those sanctions to
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lift those sanctions on iran's economy congress has to agree to it. stuart: he's the one guy that can upset the plans. he's the one guy. the whole thing falls on this address. >> yeah. and the administration's saying, well, he wasn't invited, it breaches protocol concern are you kidding? this is a country that is looking at survival. they don't care about the niceties of protocol. >> tens of thousands of people marched through moscow to commemorate the life of boris memsov. russia seems to have gone beyond that river. there's no turning back. they are a brutal, criminal dictatorship, and i think we should be very worried. >> yeah. i think they've progressively gotten to this point but i think now vladimir putin is showing how reckless he is. ukraine, what he's doing in eastern ukraine where he's saying oh, it's not my guys but yet there are pro-russian forces fighting with russian equipment in eastern ukraine
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he's now basically assassinated his rival right in front of the kremlin it's like right in front of the white house equivalent, and he's saying well, it wasn't really me. nobody believes it. stuart: this kind of thing didn't happen even in soviet days. >> no. and that's why this is so reckless. stuart: the opposition. >> well, not right in front of your hometown. he's becoming increasingly reckless, and i don't know where this goes. this is why i think that putin has made some calculations. he got away with crimea. he's getting away with ukraine. what's next? he looks at america, which is his only country that could stand up and say enough and he's seep an american president who's so desperate with a deal from iran and an american president who wants out of foreign policy and a distracted american president. so there's no consequence for doing what he's doing so go for it. stiewfer stuart that's what atlantic this all so worrying. i look at what's going on around the world, disastrous situation, negotiations with iran.
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putin getting very aggressive very blatant -- >> yeah. stuart: and the wall street goes to a record high. i'm asked about this constantly. the world go goes to hell in a handbasket over there and we have a record high for stock prices. i know you're not a financial analyst -- >> hey, come on. it sure does except for the fact that where else are you going to put your money? you're not about to invest in russia, you know? you're not about to invest in maybe iraq, so what looks really good in american companies. we're the only safe haven, and as bad as -- stuart: and the oil. >> sorry liz here. the oil price plunge has led to a lot of saber rattling in russia too, rights? >> well it threatens to bankrupt russia and bankrupt iran. >> right. >> a lot of moving parts in this. stuart: so why doesn't our president understand that if we produce more oil here, we'll bankrupt the bad guys? >> not part of the plan. stuart: thank you very much, k.t., look at the price of, first of all, stock prices. the dow jones industrial average hit a new high earlier, 18,250.
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we're still up 100 points. the nasdaq that's the big story today, it hit the 5,000 level earlier, holding very, very close to that level right now. 4997. liz, you jumped into the discussion -- >> i apologize. stuart: you don't need to -- >> it was such a great discussion, i apologize. forgive me. stuart: nasdaq 5,000. is it a bubble? >> no, here's why. i've covered the corporate accounting scandals for the dot.com era for "the wall street journal", these companies have real earnings. back then with pets.com and it was eyeballs per clicks or clicks per revenue. the nasdaq back then was trading at a hundred times earn,ings right now it's about 22 times earnings. yeah, we have individual bubble activity like uber -- stuart: that's not a stock. >> but the valuation is coming in higher an a kraft or delta, or air b&b is higher than tesla, so individually it looks like a
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bubble, but -- and by the way, the cash piles are big. apple's cash pile is bigger than the gdp of entire countries. doesn't feel like it's going to end in tears. stuart: but i think there is a bubble in those companies like uber snapchat, what's app, air b&b. that's where the bubble is. they're not publicly-traded companies. they're being boosted, their total value, but people trying to put money on a future big winner. >> yeah, that's right. and when you see an air b&b valued at more than a starwoods hotel which has an infrastructure buildout and it's valued around tesla's value are, by the way stuart, here's the bottom line, you're right, it's about the balance sheets of these guys and whether they're spending too much money or going through cash burn. that's the name of the game for these individually highly valued stocks. stuart: what's the word there, k.t. mcfarland security analyst, bubble or not? [laughter] >> all i can tell you is nobody ever went broke investing in america. stuart: that was very good.
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and i wrapped it up very nicely. well done. look at lumber liquidators, please. it was halted all morning, it's now saying that the $60 minutes" -- "60 minutes" used improper testing methods in its report used last night which said there were very high levels of formaldehyde in their flooring products that come in from china. they say this is all fueled by short sellers betting against the stock. >> yeah. and the question is if you get many now, is the value trap -- when is the bottom going to be hit? lumber liquidators does have a good balance sheet, not a lot of department. stuart: we always give tom sullivan a hard time simply because he held a fundraiser in his own home with president obama present. so we believe them a -- we give him a hard time. here's lauren simonetti. >> president obama tries to ban bullets for the popular ar-15
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rifle, and lawmakers fight back. more than 100 members of congress signing a letter opposing the bullet ban, they say it intir fears -- interferes with second amendment rights and there is no evidence the ammo poses a danger to police officers. well, some colleges are giving financial aid to illegal immigrants from the same coffers that are supposed to help american students in need. new york university is one of those schools that's been doling out the funds since the president's 2012 executive action deferring deportation to kids brought here illegally by their parents. that college and others say illegals help bring diversity to campus. and the texas nurse made famous after contracting ebola now set to sue. nina pham says she will be the voice for other nurses when she files suit against the owner of the dallas hospital where she became ill. and those are your headlines in cause you missed it today, stuart. stuart: lauren, thank you very much, indeed. here is what we have for you for the rest of this hour. we get boxer crystal jeers' take
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on the fight between manny pacquiao and floyd mayweather. what is it, pacquiao? mr. pacquiao fought him last year and lost. and a headline in "the washington post," why you should stop giving your children a bath every night. and there's a new delivery service out there. it is called magic works like this: text a request to magic, request anything you want. need a new part for your car? check. you want a suit? check. how about a cheeseburger? you can get that too delivered right to your door, obviously, for a price. ♪ ♪
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at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping.
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stuart: look at oil, still hovering around $50 a barrel but look at gas. keeps on going up i'm sorry to say. national average for regular is now $2.42. it was up five cents just over the weekend. it's gone up, straight up for 34 straight days. but look at this, the california spike that was successfully forecast, it happened last week up 43 cents a gallon in california just in one week. the average in the golden state -- the formerly golden state -- $3.38. this is the bit that we always bring you, cheapest gas in the land. jasper, texas. $1.27 at shell, $1.29 at exxon. forget that for a second, liz macdonald. >> yeah. stuart: this rebound in gas prices -- >> not good, especially with fourth quarter gdp coming in at just 2.4%.
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and remember consumer spending was what drove that. so when gas prices go up, people feel psychologically ah this doesn't feel so great and they're not going to spend. stuart: it went down so fast, this is great -- >> yeah. stuart now 34 straight days straight back up again. just bad news. >> ouch. and we're coming into that spring season too. stuart: that's right. >> refineries rebooting up. stuart: believe me, i'm waiting for this winter to end so i can drive again. because i haven't been behind the wheel for a while. now this, boxing. cementing its comeback with this upcoming fight two of the biggest names in the sport they're going to face off, manny pacquiao versus floyd mayweather. look at that, that is the purse by the way, $200 million. $80 million goes to the loser. let's bring in wbo light welterweight champion and a man who's fought manny pacquiao, chris algieri. >> thanks for having me. stuart: you lost. >> i did, unfortunately.
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stuart: did he beat you up bad? >> no, it wasn't bad. he's a great champion. stuart: you wanted this fight. you wanted to beat pacquiao -- >> i was able to sneak in and beat a guy i wasn't supposed to beat i expected to beat manny and get into this position so i'm kind of sitting on the sidelines, watching these guys -- stuart: it must hurt. >> a little bit. luckily, i'm young, and i'm looking to get right back into the mix. stuart: where does the $the 200 million come from? >> this is a huge, huge, this is the fight the fans have wanted for decades. it's going to bring a lot of attention. stuart: pay-per-view? >> pay-per-view, all the marketing leading up to the bout there's a lot of money. stuart: when i say the purse is $200million that's what the fight is worth. >> that's what the two fighters will split. stuart: will they get more from endorsements or movies or paraphernalia, whatever it is they sell? >> absolutely. at such a high level these guys
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can generate a lot of revenue from other places other than just the fight. stuart: it brings boxing back doesn't it? >> it does. it's going to bring outside eyes back into the sport. stuart: at the moment it's cage fighting -- >> the ufc and ultimate fighting yep. stuart: that really kind of took over from boxing. >> for a while, but boxing's been around for a very long time and i think it's coming back now. this fight can cement it. stuart: well, you want it to come back, because you're a boxer. >> of course i do. there's money to be made. stuart: i forget her name, is it rhonda rouse city? i'm reading the prompter, she took on in a weekend match cat zingano, there you have a still shot from it. ms. rousey won in 14 seconds. that's not good for boxing. >> well, i mean it's not good for -- stuart: that's ultimate fighting. >> yeah. >> cage fighting right? stuart: there's a huge difference.
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would you go to that? >> no. i'm a purist. when i was a kid, there was no mma. so i'm living my dream being able to be a boxer. i wouldn't be living my dream in a cage. stuart: what do you think of women boxers? >> um, i mean, it's growing. stuart: be honest. >> i'd rather not watch it myself personally -- stuart: why? >> i don't know. i think of women differently than as, you know fighting, you know? but there's -- it is a tremendous sport and they train very hard as well. stuart: so what are you doing now? because you lost to manny pacquiao -- >> back in the gym. stuart: you're back in the gym looking for other fights. >> we should be announcing it very soon. stuart: are you trying to work your way back up to another fight? >> the goal is always to get to that level, because that's where the highest earners are. stuart: how far away are you from that kind of money? >> one fight can change everything, so we can come back with, you know another couple fights and be right there. stuart: will you fight in america this time? >> yes. this next fight should be in
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america. stuart: las vegas? >> las vegas, new york we'll see. there's a lot of great venues. stuart: you haven't lined it up yet? >> no. nothing is locked in just yet. stuart: you put your medical studies on one side so you're just living as a boxer. >> just out there living the dream as a professional fighter. stuart: come back anytime you like. >> appreciate that. of. stuart: all right. it's my favorite story of the week, perhaps the month or maybe even the year. look at this. those are canada goose jackets. i say they are wildly popular. i think this is the big clothing story of the winter. yeah, they're expensive but they are everywhere. am i right? tell us. ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world to actively uncover, discuss and
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stuart: i just wanted to waste a little more time telling you about something i've noticed recently. those jackets, made by a company called canada goose they are everywhere. they're expensive, $450 for a child's size, up to $1200 for an adult. liz, am i right? look, i think this is the huge winter clothing win for the entire season. >> i think you're right. this jacket can withstand degrees 90 below zero. they're made for people who do research on, you know, the polar
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ice icecaps. so whereas italy's known for its shoes, now canada's being known for this jacket. stuart: can we just put that picture up again? the way to recognize them they've got -- there you go, that round circle, and it's red and white. that's the distinguishing feature. i'm giving a terrific commercial -- >> you are. but we need to warn the viewer imitation jackets are flooding the market. stuart: that's outrageous. >> disgraceful. stuart: switching gears, and i really do mean it, a pastor's wife in north dakota fined $150 for unnecessary noise for praying loudly in public. let's go through this quickly liz. >> her name is martha, she is a pastor's wife. she's from liberia. she's saying this is, you know essentially an attack on her and her way she likes to pray. people there are saying she has an inalienable right to pursue her religion, but not to pray
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loudly and disturb the peace so that's what she's being fined for, disturbing the police. apparently literally standing in front of people's housing to pray very, very loudly and, you know, it's upsetting people there. stuart: is she targeting individuals or just out there? >> it doesn't seam like that. she's out you know, just praying loudly. people are supposed to pray quietly in church, but it's not about exhibition, it's about the prayer itself. the internet is blowing up about this and the police chief said we all need prayers, that's great but it's just the volume of her voice that's the issue. stuart: she doesn't use a bull horn though? >> no, she just prays loudly. stuart: okay. not a bad story. pope francis speaking on the economy warning of a throwaway culture, that our current system, quote seems fatally destined to suffocate hope and increases threats end quote. also a new delivery service it's called magic. you text them a request, they go out and get it for you,
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virtually anything you want. new pair of pants? dinner reservations? a new part for a bicycle? you tell 'em what you want, they get it done. they're on the show. and tonight new hit show on fox business, "strange inheritance" with jamie colby, two new episodes. take a look at this. >> he called me pack, and he said, well -- me back, and he said well, this collection, will it fit in an suv? and i go, no. >> it was overwhelming. it was just falling out of closets and cupboards. you'd open up a trunk, and it was wrapped up in newspaper. >> we were on one of those finds that you get once in a lifetime.
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the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
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the two look at the dow industrials go. the nasdaq well, that hit the 5000 level. a 15 year high. look at apple. a competitor for the iphone six. apple stock not affected by the competition. look at netflix. one of our producers and watched
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the entire season. did not like it. said it was too slow. it seems like a conspiracy theory. >> many people love the pope. putting showers for the door at the vatican. he is not acknowledging what is truly in the world. that is socialism. stuart: he does not say
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capitalism is a problem with capitalism. he applies government is the answer. >> bases wealth and redistribute it too. what economic model works. again, that is the same formula that has led so many people around the world. he wants to build economic cooperatives. italy. one of the highest unemployment rates in the world. argentinian board. he is about the poor. that is wonderful. fantastic. >> i just think you should get
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out of the world of economics and policy and politics and into the world of saving souls. >> i think that many popes being catholic have talked about this issue. talking about the disease of communism and socialism. >> john paul ii. he said a few things about that. magic. here is how it works. let's say you want a cheeseburger. you want some flowers delivered. magic will bring all of this to you. send a text to their phone number. they send back a price quote to whatever you want. as long as it is legal. the creator of magic is with us. do i have this right? >> yeah.
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that is right. we will figure out how to get you what you want. >> somebody asks for a fish tank with pumps and it can't you did it. >> that is correct. we have been overwhelmed with thousands of thousands of people texting in and wanting real things that will help them in their day. it has been amazing being able to get that to them. >> why should i come to you? i assume the magic service would cost me more. what kind of a person comes to you and for what? >> i need a new allen wrench for a certain brand of bicycle that they have.
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they just texted that one sentence and we were able to figure out by contacting the manufacturer what they needed. imagine just been able to send that text message. stuart: you have to pay for it, of course. it is not cheap. >> that allen wrench was $20 total. that was a fairly low priced item. some things are more expensive than that. for about $75 or so total we delivered some sushi and flowers to a person on a boat. we were able to contact a restaurant and a flower place
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and get that all to him for about $75. >> your piece of that has to be pretty big. what do you take? >> the first failed to deliver. we had to get a second courier. it was all within a one-hour timeframe. stuart: what is your piece of the action, how much? >> something like a 10 or $15. >> for a generic $100 delivery. what is your piece of the action? >> it completely depends on the difficulty. we may only be taking two or it read dollars. stuart: i am desperate to figure out how much you are getting out of this. on top of the fish tank one something like a 10 or $15 fee
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on our side. there have been situations where we have done way more complicated things than that. somebody ordered a barbecue for 12 across state lines. three hour delivery through the snow. stuart: out of all the deals you have ever done, what is the average piece the average percentage that you take out of the delivery price? >> the average rate now is about 10%. stuart: i would have thought you would have done better than that. >> some of the things are really easy to do. some of the things are very difficult.
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it really can vary depending on the request. >> you have a great organization. if i offered you $10 million for magic tomorrow morning cash, would you sell? >> at this time i definitely would not. we are getting so much interest and excitement about this. stuart: would you sell out for any price? >> is this something that i really want to exists. there certainly is a price but it is just a one-week old company so it is definitely to early to say. stuart: how many deliveries have you done in one week? >> it is in the thousands. it kind of exploded.
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stuart: give me the phone number again. >> you definitely do want to texted. there is starting to be a big waitlist. thank you very much, indeed here it good to see you. more than 10% young man. washington post saying do not take your children every day. is that smart advice? ♪ ♪ ♪ ♪ tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying.
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♪ nicole: i have your fox business brief. plenty of green on the street. the s&p 500 up five. the tech heavy nasdaq 4984. some of the best performers, well monster on the nasdaq has been a great performer. take a look at some other movers. visa all-time high today.
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customers know they have been ending their deal with american express. you can see up there rose across the board pair. weight watchers hit a new low last week. ♪ and drive forward with broader possibilities. cme group: how the world advances.
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stuart: more than a dozen
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upstate towns are threatening to try to succeed from new york state and become part of pennsylvania. liz, this is unpopular in parts of new york state. i know for a fact because i have a pretty in those areas. >> i know the southern tier which borders pennsylvania. they have no jobs. it is a desolate area. they are seeing luxury cars, suvs better cars and houses. 3.2%. they are saying we should eat part of an sylvania. those are anti-fracking protesters. people that want to close it down. >> yes. that is right.
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what the governor of new york is saying we will give $50 million for clean energy. it is not the way to go. that is what they are saying. >> well said. stuart: your children do not need a bath every day. the doctor on this is in. >> this is because kids need a few germs on them. >> right now, i think children and future generations will be suffering. we see the amount of allergies that we are seeing now days. the immune system is running amok. because we have made our world extremely sterile. let me tell you his is partly
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my fault too. i get on the air and i talked about a superbug and then make everybody crazy. i just want to be fair. doctors talk on the air a lot about infectious diseases because we have bugs that are resistant to everything. hospitals. crowded doctors offices. at the same time, we are also creating societies that are super hygienic and children in particular ultimately, it could hurt them. stuart: you would say to a parent you do not have to give the child a bath every day the mac not necessarily.
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look at kids that grow up in a community back it to play outside a little bit. it is okay. >> why is it that all of a sudden so many allergies have come out? is this because we have sterilized our environment? >> the immune system is not working properly. look at how we treat allergies. we need to introduce the peanut proteins slowly. this is how we treat allergies. it tells you a lot. i see exactly what is happening. a lot of these newborns
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nowadays they will have challenges in the future and we have to address that. stuart: why are we all seen the dress differently? i did not realize that the nature of this story intel friday night i was standing with somebody looking on my iphone of a picture of that dress, this other person saw it as black and blue, i saw it, same picture same phone as white and gold. >> i saw it as white in gold. remember colors are made in our brains. all of these colors are manufactured in our brain. they really are not there. >> why did this address bring it
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out? >> there was a gem that exploded. in reality they do not make a white and gold dress. it is our perception. the way that we interpret the retina. >> i got the story wrong. the whole world has gone crazy on social media. i did not understand until i saw with my own eyes how different it looked from somebody standing right next to me looking at the same picture. it is that time of year. tens of thousands of high school seniors deciding which school they want to attend. we will have details for you in a moment. ♪
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>> did you know you can negotiate the price you pay for college? >> you can negotiate.
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stuart: i had a daughter. i still have that daughter, actually. very smart. she raises the scholarship level from both. that is negotiating. >> i agree. why do you need me? >> tell me about it. >> this is really common now. schools have oc cheers. they have a form for you to fill out. wait until you get all of your offers and. people are getting their admission letters. financial aid offers. this will go on for six weeks. you do not do this in the early days.
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you do this when you have absolutely every offer. you contact the school and you say i would like to appeal your offer. they think negotiate is a dirty word. they do not like that. most of them have a procedure. about one third of schools will give you a better deal if you make a good case. >> if you do not have a good background if you do not have a high gpa this is not a conversation that you will have. this is not a conversation that you have if you are trying to go to harvard. harvard does not care.
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>> doesn't matter if the child or the parent calls to appeal? >> college costs are completely out of hand. people will pay $150,000 for four years of college. it makes no sense. >> we are doing this every night on the show. we have great information. college costs are out of control. no wonder only 39% of college kids graduate in four years. stuart: what time? >> 5:00 o'clock. fox business network. gerri willis. i will watch that.ll
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more varney after this. ♪ ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda.
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>> what is the word, k.t. mcfarland? double or not? >> all i can tell you is nobody ever went broke. >> she is not a financial analyst. very good response. nobody goes broke investing in america. winter jacket popping up everywhere. canada goose is everywhere in chicago. can not miss them. thank you sir. you are right. so am i. marty says this. i am catholic. put away the collection plate.
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>> that is what a lot of people in social media artist they. ethnic cleansing going on there. now, it is time for deirdre bolton. >> mobile world congress in barcelona. we will take you there. samsung taking on apple. the battle going beyond hardware. the answer to apple pay is coming up. technology and government working together in san francisco. sam songs they've unveiled this week and threatened both apple on the hardware and software front. reviewed it for the "wall street journal." jo ling kent has been digging. welcome to you

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