tv Varney Company FOX Business March 9, 2015 11:00am-1:01pm EDT
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maria: time for "varney & company." stuart over to you. >> a gas price spike has come to a halt. gass finally edges lower overnight. the new normal for gas prices may be about $8 cheaper then it was a year ago. apple unveils the watch today. the democrats from the president down starting to walk away from
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hillary clinton. there are holes in her e-mail release. highly educated, but under employed. handing out resumes at the train station. a jampacked monday for your money. "varney & company" is about to begin. ♪ stuart: we do like to give you something positive first thing on a monday morning. look at that. by the way today is the sixth anniversary of the bull market. the dow has gained 11,300 points. that is an extraordinary rally. dropping 4% in february. the ninth straight month they have gone down.
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apple unveils the watch later on this afternoon. the stock is that 127 right now. if it had not been split seven- one, it would have been $900 a share. how about general motors. rallying. they are doing a $5 billion stock i back. all right. let's get to gas. the national average for a gallon of regular down a fraction overnight. i repeat. down. the first we have seen in a long time. bring in patrick. am i jumping the gun by saying that gas spike is over? >> i think that is a great
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point. always first to let everyone know. that looks to be right. now, things are finally starting to sizzle down. california starting to see decreases along with the west coast. stuart: do you think that we could stay stable? if we stay in a fairly stable range, we are down a dollar a gallon. >> will gas prices stay stable? >> i think they have equal odds. >> if it moved between 220 and 260, i call that a range. i'd call that a new normal.
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>> i think we have to bring a little bit of an increase to your range. either way it is still a lot better than what we saw last summer. >> we had this extraordinary spike going on. what is happening now? >> california has started to peak. they may not all start to decrease on the same day but over the next few days. the west coast will finally get some relief. >> this is absolutely terrible news for you. if you have a fairly narrow range, you will be down on the street pretty soon there. >> at least i will have cheap
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gas stuart. stuart: that is true. no more predictions from you. we have heard enough. project in a $486 billion deficit in this fiscal year. 7.2 trillion to the national that over the next decade. we got some numbers and. let's get to those hillary e-mails. congressmen not happy. >> there are gaps of months and months and months. if you think of that iconic picture of her way with sunglasses on, her handheld device in her hand, we have no e-mails from that day. in fact, we have no e-mails from
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that trip. >> i smell real problems down the road. this is not good. >> he is highlighting one of the central problems with hillary using private e-mail. >> we have other cabinet members resist subpoenas. he still has not complied with those subpoenas almost two years down the road. >> he is not a leading contender. >> president obama promoted him. stuart: you really think that hillary clinton could get away with not complying a subpoena.
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>> i think that i have a soundbite. >> i think that she needs to step up and come out and say exactly what the situation is. at this point from this point on the silence will hurt her. >> danger. it danger. >> they want her to get out in front of this. a big message. will hillary clinton be the democrat and the for president 2016? >> i think that that is a really hard called. she has the clinton foundation scandal. she has the e-mail scandal. she does not surround herself with new people.
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i think that it is touch and go. there really is not a good alternative out there. >> not yet. stuart: thank you mary. stay there. you are with us for that hour. lauren simonetti is here. reporter: good morning everybody. improving your credit score. changing the way that mistakes on your credit cards are handled. they have also agreed to a grace period of 180 days before adding any medical debt to the report. snap chat ceo sitting down with saudi prince over the weekend to
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discuss possible business cooperation. snap chat is currently seeking funding that could value it up to $19 billion bid did you have ortiz wanting to ban them from pricing. ortiz has introduced a bill that would not only can it, but also find it if search pricing did go into effect. stuart: isn't this all about the marketplace? >> he does not like it when companies charge more when there is less. >> take the subway. >> we are trying to get him on the show so we can ask him directly.
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the apple watch. what is it? is it a fashion statement? >> using that you can sell millions and aliens of these as a fashion statement? >> it is on our braced for everyone to see. >> i put mine in my pocket. stuart: what the watch will do and what it will not do and whether or not that makes it into a trillion dollar apple company. watch this. it is going to be good. ♪
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stuart: first thing on a monday morning, i can tell our audience that the stock market is up. the dow is up 97 as we speak. i have a winner for you. pinnacle entertainment hit a new high. somebody wants to buy part of it. a click headline for you. pledging allegiance to isis in syria and iraq. we have a general joining us on that subject. also later in the show, filed and then there is facing corruption charges. perhaps politically motivated.
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at 1245 pm the president has proposed a bullet band. it is easier to buy guns and vegetables. two hours away from the apple watch launch. we got a glimpse of it a few months ago. we did get details. here is what you have been showing us on social media. i have enough distractions in my life. eric says right after i wear a calculator watch from the 80s. bruce summed it up perfectly. i just want people to buy them. i am an apple shareholder. playing around.
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you had one of the watches. >> right. today is a big day for apple. the height is on. i should not make fun of them. oh my gosh. keep your wallet and. you could see it in. we will learn a lot about the functionality. >> i want a list of what it does. >> to the guy that sent him a text or tweet or e-mail to you that would be like you say i have a typewriter. what do i need a laptop for. it does a whole lot more. a robust intelligent interface. on the screen, it is so and tell a jet.
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it actually is the first kind of a like tronic watch or smart watch i would want to put on my arm. i am a guy who is weighing style and fashion. i am a traditionalist. it means something to me. this object means i will either have to do with the apple watch over here, or you will have two come out with some very compelling reason. you have three levels of this watch. you have the 18th. old watch that goes up and up and up. five-$20,000. we know that they have revamped their stores. what it does is big. stuart: i cannot get in a word
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edgewise on my own show. process and prove. we do not pull out our wallets. we do not do anything. we pay with our watch. imagine. do you really want to go fumble around your boarding pass? no. you will just board the plane. you know it's there. cut to the health and wellness aspects of this. some rings that i hate about it. it taps you on the wrist when you have been a couch potato for too long. get up, stuart.
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you set a goal. it will remind you. it will tap you on your wrist. stuart: can't wait. >> in order to see the time, you actually have to wait though watch out. even though it does not require you to plug it in, you still have to do that every single night. stuart: the one saving grace is that this is a photo type geared they will improve and. >> when you see it in your hands and you see how it options it is a massive rate through for apple. it is a huge drake through. >> it is a leap forward. >> i have an agreement. i cannot tell you everything.
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imagine the idea of the watch talking to you constantly. the way you are moving it can alert your are as you wish or it can alert you to do something. stuart: last comment, mary. would you buy one? >> yeah. i will buy one. when i get that raise. [laughter] stuart: would you buy one? >> i am a curious guy. i will get one because i have to have one. there is a lot more i need to know about it. stuart: the stock is at 129 as we speak. let's see what happens when that game is released. >> macbook air. a new computer.
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this one is supposed to be really advanced. no cords on the side of it. stuart: that is the story. thank you very much indeed. a perfect example of what one may call the obama economy. and out of work dad passing his resume out at the train station. >> trying to do anything i can to create an opportunity. ♪
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used to okay. that is the high of the day. we are of 11,300 points from where we were six years ago. two young to arrest from california arrested and rolled. the two women then took a filthy standing in front of their initials. you may ask what was their response to this. we did not know it was some ink so serious.
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direct quote. the headline numbers name make you think this could be a pretty strong recovery. now this. part of this day beings that passing out resumes at the train station. he does work part time. mary is still with me. it may be a bit of a stretch to say this is a result of obama nominates. just say something about our society at this moment. >> people work in middle management. they are getting pummeled ibis economy. companies were in a much stronger recovery. they cleared out their ranks and they fired a lot of guys that look a lot like this.
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we also devalue college degrees. now, when you say that this guy has a masters degree, that does not need what it meant 10, 20, 30 years ago. stuart: that is interesting. you are right. >> it is almost like a license now to look for a job. stuart: okay. we will try to get the general on the show, as a matter of fact. the judge is really fired up. he is on the show next. tonight, two brand-new additions of strange inheritance with jamie colby at 9:00 p.m. tonight. look at this. >> he kept asking when can i see the artifacts. >> it was worn by general pickett at gettysburg.
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thing monday morning a very nice gain, thank you very much indeed, up 120. the bull market six years old as of right now and we are near the high of today's session. watch this space. the cheapest gas in the land we've got a price for, and it's back, same place jasper, texas. it's $1.27 at the shell station there $1.29 at exxon. i want to get back to hillary. president obama says he learned of hillary clinton's e-mail scandal through the news. listen to this. >> when did you first learn that hillary clinton used an e-mail system outside the u.s. government for official business while she was secretary of state? >> the same time everybody else learned it through news reports. stuart: through news reports. [laughter] judge napolitano is not happy with that response, and he's going to tell us why. >> well, i'm not -- good morning, stuart. i'm not happy because it lacks credibility. i mean, if mrs. clinton was using an e-mail address, clinton
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e-mail.com on her e-mails to the president, it is inconceivable that he didn't notice that. if she was somehow routeing these e-mails through another server that gave the false impression that it had a government e-mail address something that the president wouldn't take note of because he would think it was coming directly from the state department e-mail, then she was committing another crime by engaging in interstate communications using a fraudulent address. but what the real issue is and bill plant's a wonderful guy with eight years of experience his son mike is a producer here here's what he should have said: are you concerned that mrs. clinton possessed classified servers in her e-mail, and we don't know where the server was we don't know who managed the server, and we don't know who else had access to it? and if you are concerned about that, mr. president will you prosecute her? because your justice department
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just prosecuted general petraeus for doing the same thing with hard documents as opposed to digital ones. stuart: that's good. >> and i don't know how the president would have answered those questions but they should have been put to him. stuart: is it just technical legalisms? i think the public's got scandal fatigue. >> it may have, oh, there they go again, scandal fatigue with the clintons because this is their mantra, and they get out of it. stuart: you and i could cross the road on sixth avenue today and you could get me on something if you really wanted to. and i think the public has the impression that these investigations are ever -- there's always an investigation always a technicality. is it that? is it a technicality? >> i don't think it's a technicality when you're talking about the chief diplomatic officer of the united states of america in possession with the highest security clearance the government offers, and as a
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result of that deals with the country's greatest secrets using a false and phony and fraudulent e-mail address. don't you think foreign diplomats and foreign intelligence services would pick up on that? and isn't she obliged under the law to protect the national security secrets? how did she protect them? was this server in their barn on their estate in new york? was it somewhere in texas in a company? this is one of the allegations, i'm not just making this up, in a company that managed many servers? did that company have the level of security that the secret service provides mrs. clinton? these are bona fide questions that the government should be asking. do you hear anybody from the government -- stuart: not the government but trey gowdy has subpoenaed these, and he's going to call her to testify, and she will testify under oath -- >> he has an impossible task before him, because his ability to question her is only as good as her responses to his subpoenas. he is not a prosecutor -- stuart: but then she loses politically.
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>> can't send the fbi to raid her computer and raid her offices. he only has what she's surrendered. stuart: but i hate to say he's got her politically, but she looks politically bad if she cannot answer his questions and stonewalls with, i'm sorry, i don't recall. >> but she should be in criminal jeopardy. she will look terrible politically if she condescends to be examined. stuart: but she can't ignore that, can she? >> she has not surrendered a single e-mail to benghazi. who says she's going to surrender herself to answer their questions -- stuart: you can't become president of the united states if you refuse to answer questions -- >> the democrats will portray her as a victim. >> right. >> look, the gop is going after her just like they did after benghazi -- >> and they love to beat up women. >> exactly. stuart: all right. >> interesting times ahead,
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stewart. looking forward to covering all this with you. [laughter] stuart: i guess so, judge, i guess so. thank you very much indeed. >> you're welcome. stuart: surprising news from the nfl. patrick willis is a linebacker from the 49ers, he's expected to announce his retirement tomorrow. now he's 30 years old. he's played for eight years. he made $5 million last year, could have had one more big payday. why is he retiring? no reason given. he did have a toe injury last season but isn't it intriguing, a 30-year-old retires, leaves five million at least on the table and walks away? i have no explanation for that. >> that is fascinating. hope it's not one of these concussion injuries. stuart: let's hope not. take a look at the share price of tesla, cutting jobs in china as sales there continue to struggle. marry -- mary kiss el, not a fan of tesla, are you? >> the u.s. and china give
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subsidies for these kinds of things. i find this interesting because china does not need expense e cars for rich guys -- expensive cars for rich guys. what china needs is clean air and clean water. stuart: true. >> if they want to subsidize something in terms of green things in china then they should focus on cleaning up their rivers. stuart: i wonder how the judge feels about companies getting a tax credit for something? and then selling that tax credit to somebody else to bring the actual cash for themselves? which is what tesla does. >> i am 100% with mary in condemning the government's corporatism by choosing certain industries and giving them tax credits in order to induce certain behavior. but the tax credit once given is an asset, and can be sold, hypothecated leased whatever. stuart: it is. and has been sold for cash. that's what they do. judge, thank you very much one more time. the campaign to kill k-cups rolls on.
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on wall street after a tough week last week where the dow lost 1.5% biggest selloff since january 30th. the dow is up 123 pointses, the s&p up 7, and nasdaq up 6. the tow is up almost three-quarters of 1%. energy has been leading the way things like marathon up 3% phillips up 2.5%, valero and chevron also winners. apple, of course, we have jo ling kent stationed at the apple show. the stock's up about 1%, this is the revealing of the new high fashion apple watch. and we'll be getting more details throughout the day. and michael kors under pressure after stern ag cuts the company's outlook. it's down 2.7%. they're also concerned about some damage at one of their distribution centers of merchandise. more fox business coming up. stion 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
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stuart: all right, first of all take a look at the share price of the burger chain red robin. okay, $77 a share down 1 percent today, but it has been doing very well. the compan by the way, is expanding in chicago. of it's a burger chain, okay? jeff flock is at site of the new or a new red robin restaurant. [laughter] dear lord, look at this. now, before you get stuck into that burger there jeff, you've got to tell us what is red robin doing right that mcdonald's is doing wrongsome because mcdonald's sales have gone down for the last p nine months. drag yourself away from the burgers --
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>> what they're doing is they're letting me cook burgers which i always thought it would come to anyway in this business. there you go. i'm going to put that question to steve. you heard stuart's question, what are you doing right that they're not doing right? >> we've been the burger authority for almost 50 years and we have doubled down with red robin burger works bringing the suburban experience to our guests here in the city. we've got ten of our most popular gourmet burgers that we can put out in this environment in less than five minutes -- >> reporter: he's been the ceo, stuart, the stock's gone up 240%, and these are the burgers we're talking about. that does not look like a mcdonald's burger to you, does it? stuart: no, wait a second, how much with the typical fries and the meal, how much for that? >> reporter: you knew that question was coming. he wants to know how much it costs. stuart's very thrifty. >> we could start with a double here, stuart at $4.t 99.
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>> these that i'm looking at here? >> those are about $5.99. >> reporter: that's not bad. >> does that include the drink and the fries? or is that just the burger? >> reporter: what about drink and fries? is this sweet potato fries? >> yes, they are. >> reporter: those look good. >> you get a double, fries and a drink for about $10. >> reporter: okay. it's a little more clearly but also you're getting more right? stuart: well whatever you say. that is interesting. $10 out the tour for that. -- out the door for that. stuart: back to the grill there jeff. you don't want to burn those. we will be seeing jeff throughout today's broadcast, throughout the entire network broadcast and the stock has gone up over 200%. interesting. do you make coffee with k-cups like these? i'm going to show you some, got them on the set. you've seen these things right? there you go. they are single-serving coffee.
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one in three americans owns a coffee maker, they're called k-cup, plastic, filled with coffee grinds. you can't recycle them. a lot of people say they are destroying the partner. joining us now is bob deans from the natural resource defense council. i know you want to ban these things, you want to ban these k-cups. do you really think it'd make that much of a difference if you just got rid of them completely? >> well, stuart, we haven't called for a ban but we've said most people don't realize the problem they're causing. we're using something like ten billion of these every year, stewart, that's an enormous amount. and as you said they don't break down, they're not recyclable. we're stuck with them forever, and a lot of these things end up in the ocean. we have right now some 30,000 tons -- 300,000 tons of plastic trash circulating in the ocean. whales turtles, birds eat them,
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it's killing these animals, it's creating an environmental nightmare for our children and there's some easy things we could do about it. stuart: bob i do take your point. look, nobody wants trash in the ocean, nobody wants hundreds of thousands of tons of plastic floating around out there killing marine life. nobody wants that. but so often i find the greenies, you know, you're trying to make a difference with the most minuscule little moves. and you given to look kind of silly, do you know what i mean? i think it's bad pr for you frankly. what do you say? >> well, i appreciate that stuart, i really do. but i think, you know, we have to say that this is really an easy one. we've been making coffee since the 15th century, and there's only one way you make it. you pour hot water through the coffee, bingo, there you go. now we've got to use this high-tech plastic approach. we don't. and what i would say to that one in three american families that have this machine, consider getting some reusable cups which you can get save yourself a
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whole lot of money in the process. number two if you're thinking about buying one, consider an option of using a paper filter or a mesh filter. if you're worried about making too much, do can like i do, put some in a jar, have it later on you know put it in a thermos, bring some to work or share with a friend. stuart: okay, point taken, bob. i'm not going to fight with you, but how about this onesome on the show last week we had professor richard linson, he is the america's professor of atmospheric sciences at mit, and he told us, quote: data shows no increase in the frequency or severity of extreme weather events. i'm sorry we've got a quote there from joe biden, but i want to talk about this professor. data shows no increase in frequency or severity of extreme weather events. now this guy's no slouch, he's an mit atmospheric sciences professor, and he's saying this extreme weather, the very cold weather in february, nothing to do with global warming, climate change, it's just weather.
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>> well, not every weather event is connected to climate change. here's what we know, stuart. we just finished in 2014 the hottest record on record, the 16 hottest years on record have all happened since 1997. the earth is telling us every way it knows how that the climate is changing, and we have to cut the dangerous carbon pollutions that's driving this change. we know how to do it, we can create jobs doing it, we can move the country forward doing it we ought to do it. stuart: all right, bob deans, we'll have you back. thank you very much. >> thank you sir. stuart: breaking news, president obama ordering sanctions on venezuela, seven venezuelan officials will have their u.s. assets frozen, and they're not allowed into the country. that just in. coming up next, we're talking golf.
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the pga is trying to get millennials interested in the game with music festivals, parties in the parking lot. will it work? hmm. but first, this also in golf. rory mcilroy getting frustrated at the cadillac championship, throwing his club into the water. the opener of the doral course, donald trump got it back for him. here he is on "fox & friends" this morning. >> we have a scuba diver that picks up dolls and to get over there right away and get that 3-iron and i actually handed it back to him and yesterday he used it again, and the ball went in the water. he gave it back to me again, he doesn't want it. i don'tr. think i want it either. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next.
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♪ ♪ stuart: golf is changing its tune to attract more millennials. it's launched -- that's the pga -- and it's called more than golf to bring a festival-like experience to the greens. will it work? joining me now golf digest's editor ashley mayo. they want to bring, like music concerts to the parking lot and have fun on the course, that kind of thing? do you think that will work? >> absolutely. we saw it at riviera, and we see that people are engaged with the off-course outside the ropes experiences that -- stuart: get out of here. you're grinding your axe from golf digest. you want my millennials to take up the sport but you know it is expensive and time consuming.
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do you think music festivals are going to bring them in? >> we saw russell henry take the stage and play with o.a.r.. he had just shot 69 at northern trust, and then takes the teenage and people are watching, sipping grey goose, wearing johnny o., and they had just watched golf all dayment. [inaudible conversations] >> a band. come on you guys. stuart: now, what's this you were telling me about a driving range which is like a big party, and everybody's there, and they're swinging the club, and they're drinking beer? >> yeah. they're driving ranges across the country, they're building more and more as we speak, and it's kind of like golf meet a bar meets competition, so it's a lot of fun. it could be a 30 minute experience, it can be a three hour experience -- stuart: come on, mary. >> let me get this right people are drinking alcohol and swinging big steel clubs around while other people are drunk?
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stuart: oh, come on. it's not golf. >> it should be golf. >> it's the end of golf, that's what it is. >> i think the definition of golf has to change. it's no longer 18 holes at a private club. it can be swinging golf clubs for 30 minute,, it can be playing nine holes with your buddies after work. stuart: i agree with that. we can't be purists about you've got to play 18 holes. no enjoy swinging the club and hitting it straight and putting correctly. >> what else are you going to do? they're living at home, they're on their parents' insurance so they've got a lot of time. maybe -- >> not all of us are living at home -- [laughter] >> but a lot of you are. stuart: do you play? >> yes, i do. i love it. stuart: you play 18 hole, don't you? >> i play whatever i can get. stuart: what's your handicap? >> 2. >> wow. >> a lot of golfers, once they get hooked you will never see
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them on we weekends. >> it's addictive. stuart: you think a new way of playing golf or just swunging the club and hitting the -- swinging the club and hitting the ball, you think that's a winner? >> to get people hooked, that's the winner. stuart: look, i'm with ashley mary. >> i think it's against the brand of golf. stuart: ooh. >> i think it denigrates the brand. >> such a purist from "the wall street journal." >> there we are. from the wall street journal. >> that explains things. [laughter] stuart: ashley, you might be back. golf tie jest, thank you very much indeed. hillary's e-mail scandal, it is not going away. some democrats putting distance between themselves and hillary. from the president on down, they're doing that. next, the man who wrote "blood feud" about the clintons and obamas. hour two is a mere two minutes away.
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stuart: this was not a good weekend for hillary clinton. she didn't say anything more about her e-mail problem. no statements, not even a tweet. the damage was done by other democrats and republican trey gowdy. dianne feinstein perhaps the most powerful democrat in the senate these days she said hillary's silence is going to damage her. yes, indeed. inquiring minds want to know why a secretary of state conducted business from her own personal e-mail with her own server in her own house. gee, do you think she might have been hacked? martin o'malley, former maryland governor, democrat and perhaps a clinton rival said openness is required in the modern age. republican marco rubio referred to hillary as yesterday's candidate. most ominous of all, trey gowdy, powerful chair of a powerful committee in congress. he subpoenaed all repeat, all those e-mails and even worse he will likely call her to
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testify. and that would be right as the presidential campaign gets rolling. so here's the bottom line: hillary clinton is in deep trouble, and it is of her own making. the democrats are in trouble, and that's hillary's fault too. they don't have a plan b. they were expecting a hillary coronation. gee, i wonder if president obama is happy about this? after all, he and hillary are not exactly close friends or allies. so stay right there, everyone. in a moment you'll meet ed klein again. he's the guy who wrote the book "blood feud: the clintons versus the obamas." ♪ ♪ stuart: yeah, let's repeat that, ed klein. he is the author of "blood feud," and he joins us now. you have some news on hillary's e-mail problem and president obama. >> according to my sources, this
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is only the first of maybe six shoes that are going to drop on hillary and the state department. stuart: what does that mean? >> my sources tell me that valerie jarrett has ordered investigations of clinton hillary clinton in the state department, the first of which is now the e-mails. they're also looking into her expense accounts. they're looking into -- investigating not looking into investigating her use of finances. they're investigating her use of giving contracts to companies that also donated to the clinton initiative. the bottom line here is that the white house, the obama white house does not want to see hillary clinton president of united states. stuart: but they would not be official investigations by the fbi, for example, or by congress. they would be internal -- >> internal state department probes, six of them.
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stuart: all within the state department? >> all within the state d., and this was the first she, the e-mails. stuart: and you found out about this just in the last couple of days? >> yes. the sources are in the state department and they've seen huge wheeling what do you call it these places where you put a lot of papers on top to and they've -- they're wheeling papers of hillary's papers all over the place and going through them one pile after another pile after another pile. stuart: well, that would suggest that the premise of your book "blood feud," is entirely correct. there is, indeed a feud between president obama and the clintons. >> i'm not sure i even stated it as strongly as i should have because the obamas in particular valerie and michelle, do not want to see the somewhat centrist clintons in the white house. they want to see some democratic president who will carry out their more left-wing social
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agenda and they don't believe that the clintons will. they think the clintons will compromise with the republicans and balance the budget, welfare reform, all the things that bill clinton did when he said the era of big government is over. stuart: doesn't this -- if there are these six internal investigations within the state department prodded by valerie jarrett -- >> yes. stuart: -- very close to president obama, how does that square with president obama saying over the weekend that he first found out about this in the media? he read it in the newspapers like everybody else? >> i don't like to say this about any president, but i think this president lied. stuart: about that specifically? >> about that specifically. he -- it was impossible. hillary was e-mailing and texting obama several times during can every day that she was of -- during every day that she was secretary of state about what was going on. how is it possible that he didn't know that these e-mails were coming from her private
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one? stuart: if there are all of these investigations into her finances, into the e-mails, all the rest of it as you laid it out if that's happening, that's coming from the president, that's from the white house having a go at hillary clinton. >> yes. stuart: the republicans are going to have a go at hillary clinton. the left is going to have a go at hillary clinton because they don't want a centrist democrat for the presidency. >> that's right. stuart: that's an overwhelming number of forces going against hillary. do you think she survives as a viable candidate? you have to make the judgment for us, ed. >> well, i've asked people who know bill about that and what he's now saying to hillary, and i think -- although i don't know this for a fact, this is what they surmise -- he's saying, listen, we've faced worse scandals in the past we've gotten over them, we'll get over this. this'll fade. i don't think he's right. i don't think this particular scandal and the others that i believe will come next will fade. stuart: well you've broken some news for us, ed klein and we appreciate that. thank you very much, indeed,
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sur. check the big board the bull market turns six years old today. the dow bottomed at around 6-u500d6,500. the price of oil still holding right around $50 a barrel, it's been there for about a month now. the price of gasoline also leveling off. the national average for regular came down a fraction overnight still at $2.45, but it came down a fraction. california, still on a tear, i'm afraid up 850 cents in -- 80 cents in a month. the average in california for regular is $3.43. but we always like to do this for you we tell you where is the cheapest gas in america. there's a price battle it's come back jasper, texas. $1.27 at the shell station there, $1.29 at the exxon station. jasper, texas. cheap gas. look at apple today is the day, of course, when they launch the apple watch. so let's bring in keith
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fitzgerald from portland, oregon. all right keith obvious question: is the apple watch a big enough deal to put apple into the trillion dollar category? because it's fairly close right now. >> i think it's a good question. i think it's a big deal but i don't think it's the big deal. i think what's really going to put it over the top is the eco-sphere that tim cook is moving and the move into the dow because once you index, that's going to give you a lot of wind in your sail and off they go to the races. stuart: would you buy it in -- and hold it? i mean, i'm thinking of people who want to buy a stock for their 401(k), for their pension must be. is now a good time to buy -- for their pension money. is now a good time to buy if you've got a 10 or 15-year time horizon? >> i think it'd be very hard to go wrong at the price point it is today. stuart: a lot of people like my bought microsoft years and years and years ago when it was low, it did very well. we didn't get out of it when we
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should have gotten out of it. could you say the same thing about apple? >> sure. the easiest thing to do, stuart, is wake up every morning and ask yourself for the reasons why i'm buying apple today still intact next year, next month, next week and if they're not, you're out. simply run what's called a trailing stop, you stop 25% below your purchase price and let that move as the market moves. you can always get back in later, but that saves you from having a small loss turn into a catastrophic one. stuart: how about mcdonald's off 4% in february, nine straight months sales decline. would you buy the stock? it's just under $100 a share. would you buy it on the idea that maybe they'll turn around? >> you know, as much as i personally love to eat at mcdonald's no, i would not. i kicked that company off my buy list late last year. their menu is a wreck, and they have lost the fact that they're about value-oriented food menu and they've got lots of competition right now that is absolutely, pardon the punker
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eating their lunch. stuart: yeah, we hear it. hey, keith it's a big news day thanks very much for being with us, appreciate it. >> you're welcome sir. stuart: lauren simonetti is here in case you missed the headlines. >> this just in stuart, president obama will order sanctions against venezuela. the president says he is, quote deeply concerned by the venezuelan government's intimidation of its political to appointments. seven venezuelan officials will have their u.s. assets frozen, and they will not be allowed into the country. meanwhile, big changes coming to equifax experian and transunion that may move your credit score. the three credit reporting agencies now changing the way mistakes on your credit report are handled. the agencies will use trained workers to review errors hoping to change more of them. they've also agreed to wait 180 degrees before adding any medical debt to your report. and brand new information about what may have caused the delta jet to skid off a laguardia runway last week and nearly into
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an icy river. federal investigators now eyeing the braking system to see if something malfunctioned since the plane made a normal approach and touchdown, and the runway in question had just been cleared of snow, and two other planes landed safely. and an out of work father job hunting in a unique way. he's been holding up a sign in front of thousands of commuters at a philadelphia train station for the last five weeks asking people to take his reds may. he's a cert -- resumé. he has been out of work since 2011. poor man. i at least look at his resumé if i was hiring somebody. stuart: it shows effort at least. nigerian-based islamic terrorist group boko haram pledging allegiance to isis. radical islam is spreading. general tom mcanyoneny on that next.
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stuart: general motors still owes taxpayers, i believe about $11 billion. the stock is up today because they've got a $5 billion stock buyback. then we have boko haram, that is the nigeria-based terror group. they've pledged their allegiance to isis. lieutenant colonel tom mcnerney is with us -- i'm sorry, i just called you general, that was a newsroom promotion. i'm very sorry, sir. >> thank you, sir. stuart: lieutenant general. got it. now we don't -- it seems to me that boko haram is the forgotten terror arm. we concentrate on isis in the middle east in the gulf region. we've forgottennen about boko haram, but they're a real threat aren't they? >> well they're a significant threat in africa and particularly in nigeria, stuart and we should be concerned with them. and, of course their announcement of joining a caliphate under al-baghdadi is
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a reaching out so they will be recognized as part of the global caliphate. they're also in trouble, and they'd like money because a multi-national force in nigeria and chad is coming after them now, and they're about to have a main attack at the boko haram headquarters in a town up in northeastern nigeria. so they would like to get other muslim radical islamists' help i think, as part of this announcement. stuart: now, is it possible that we will see a victory on the part of the opposition to boko haram? i mean, you said that there's -- there are troops massing to go after them at their headquarters. are we on the verge of a victory some good news here? >> i hope we are but, stuart, hope is not a strategy. but i think one of the signals is when they made this announcement, that they wanted to be part of the isis caliphate that this is showing they need some help.
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the multi-national force has actually been very successful along the border between cameroon and nigeria in driving them out, so i frankly think that we are on the verge of a significant success. stuart: is america helping this effort with -- >> covertly. stuart: covertly. >> covertly. stuart: what does that mean? what are we doing? >> well, we're giving them intelligence, surveillance and reconnaissance intelligence information, we've got certain advisers there that are talking to them and helping them and doing that and helping them to organize and doing those important things when you're starting the pre-intelligence work for major battle. and that's what we are doing. stuart: do you think we're on the verge of some good news against isis? >> well, it looks like tikrit may fall, but i'm not sure that that -- that is -- that would be good news, but the fact is when we finally put some our air
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power in there to help them, that is what is going to turn tide. if we would only use our air power correctly stuart, we could turn that tide a lot quicker. but for certain reasons unbeknownst to me that i have not been able to figure out, we've elected not to use it effectively. stuart: well the president wants them to do it themselves. he wants not us, but them to fix the problem in their backyard. i think there's a certain sympathy in america for that point of view-- >> and i strongly endorse that. on the ground we want them to do it. we don't need our ground forces over there to do it. they must do it. however, i don't think that we have used our air power effectively to enable them to do that. stuart: okay. we'll check in again with you soon, sir, because we want to hear some goods news on the terror -- good news on the terror front and maybe we'll get it. we'll see. general mcinerney, we appreciate it.
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>> thank thank you, stuart. stuart: the justice department is set to charge new jersey democrat senator bob menendez over allegations he used his office to help donors. now, there is some suspicion in the media that senator menendez is being targeted because he opposed president obama on various issues recently. therefore, president obama is unleashing the justice department against the senator. >> you know, that's an interesting theory. however, this case has been in development for more than two years now. so mr. menendez is being accused on corruption charges. basically, a quid pro quo with a friend of his family who was, runs -- he's an ophthalmologist, a clinic. so he will say menendez will say he's a personal family friend, we spend holidays together, we go to funerals and weddings together, however, it appears that the congressman intervened on this doctor's behalf after getting money, campaign donations, taking free
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flights on his airplane -- stuart: yeah. >> he paid for that. but intervening in medicare billing disputes with kathleen sebelius to argue for the doctor, to get the doctor's company, you know surveillance equipment at a dominican point so there's a quid pro quo -- stuart: but why now? senator menendez says i oppose president obama in what he's doing with the deal with the iranians and the iranian nuke, and days later the man is possibly going to be charged in a criminal offense by president obama's justice department. >> and he has been upset about the 180 on cuba as well. menendez has been opposed to the reversal on cuba sanctions. so the why now is such an important question because, you're right, this case has been out there. the information's been out there for more than two years. i don't know the answer to that. stuart: senator cruz thinks it's political -- >> payback. stuart: that's the expression he used, i believe? >> yeah. that's what we're hearing. we'll stay on that story for
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you. stuart: politics. thanks liz. wisconsin's governor, scott walker just signed the state's right-to-work bill into law. this is a blow to organized labor. stops unions from forcing workers into joining and paying dues. wisconsin is now the 25th state with right-to-work laws and it crossed wisconsin's legislature by a wide, wide margin. a driver charged with homicides because she was distracted by facebook. the full story coming up next.
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stuart: it's called the solar impulse ii, that's it. it took off today from abu dhabi hoping to be the first fully solar-powered plane to sur couple navigate the world. just made the first stop moments ago. the trip's going to take about five months to complete. solar power. now this, it has been reported that a woman who was involved in a wrong-way crash that killed her 11-year-old daughter and her two 5-year-old nieces was actually using facebook at the time of the crash. liz macdonald has the full story. take us through it, what was she allegedly doing? >> it's a tragic story. in her suv, she's texting,
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chatting on her facebook page. she's rounding a curve, loses control of her suv and hits a truck head on. and so, you know, these children died in the accident, and this is part of the debate about what do you do about people who are texting and driving because right now it's just monetary fines of maybe $300, $500 dollars. stuart: she veered off the road there's a dreadful crash, then the snow came down and covered some of the wreckage. the snow melts the police recover the phone -- and right. stuart: and it's on that basis they say she was using facebook at the time of crash. >> right. police are mystified what happened, and they discovered that she was texting a man within two minutes of the crash. in other words facebook chatting with him. stuart: within two minutes of the crash? >> or thereabouts. so you know, she was apparently distracted. she was also on oxycodone as well. stuart: oh, she was? >> the thing is, stuart if
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you're texting at 55 miles an hour for five second, you go the length of a football field not looking up. $what do you do, do you throw the book at them? how do you deal with this because it's a big deal right now for drivers. stuart: that's a very interesting -- what do you do? because as we all drive around you see a lot of people using the cell phone for whatever purpose. not just speaking on the phone but i've seen them, you know, making text notes. >> you can voice text, but she faces ten years in prison for homicide. terrible story. stuart: well, it is a terrible story. wouldn't want to pass judgment on it but it's a terrible story is. >> yeah. stuart: we're 30 minutes away from finding out exactly what the apple watch can do. is it a fashion statement? is it a real game changer? we're going to take you to san francisco next. >> it is going to replace your existing, old-fashioned watch. and to the guy who sent in the tweet or text or e-mail to you saying he's got what he's got already and doesn't need that
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here comes the apple watch. the stock not doing much at this moment. fox and friends host clayton morris is at the event in san francisco. i got some extra rest. the guy is concentrating on the watch. is this a breakthrough platform? six-seven years ago. >> we will see this afternoon. they have been secretly working on developing their apps to be shown off. developers who have been here behind closed doors working on their application just to see
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how much of a breakthrough this could possibly be. stuart: i find that interesting. very quietly to make a big splash. the watch emerges with apps already to go. is that right? >> right. we could have stood up her for four hours. there was that one slide that they put up on the screen. you look at the list of things that the watch could do. today, we will see a lot more of what this watch can do. allowing you to pay using the watch. without even making you go to the front desk.
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stuart: i want to get back to that question. >> this is the biggest question of all. can apple convince millions of people to put something on their wrist which is otherwise a air? it is a breakthrough platform. apple is great at doing that. you did not think you needed this item. when we show you how awesome it is then you will want to buy it. whether or not people come out in millions. a remarkable first step for a brand-new device in the apple category.
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stuart: is this the high point for your entire year? >> apple has become somewhat predictable. this is the first time we have had so many questions today. what will it cost. the first female executive take the stage today. the former ceo of burglary will she stand up on the stage? this is a very mysterious event. stuart: the highlight of your year. >> the super bowl is big. let's keep going with this. christine campbell. she also worked with tech ologies before she got in to the
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fashion business. the apple watch is being touted as a fashion item. is it? >> well -- i think overall it is a type knowledge he device rather than a fashion device. stuart: i have seen one. i have not touched it. are you going to sell it in your boutiques? >> no. stuart: it sounds like you are dismissing the whole idea that you buy this as a fashion statement. >> that is correct. if you were looking at it from a purely fashion respect of, you
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would have to understand, how does it work with my wardrobe. that does not seem to be the way that this is being approached. stuart: what about the lady from her very? that is fashion isn't it? >> you are right. i guess that there are two different kinds of fashion. if you can track that to a trenchcoat with a square watch with a rubber wristbands, i am not really sure that is at the same level as something from there. >> i understand what you are saying. i do not have any young teenage grandchildren. young teenagers. thirteen 14, 15, 16 -year-olds.
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they may consider the apple watch a fashion statement. you with me? >> yes. i am absolutely with you. such a pull to that generation. perhaps, they will bridge the category from tech ologies into fashion. i wonder about gen xers. baby boomers. well they replaced the rolex with an apple watch? i do not know. >> thank you for being very honest about this. you did not like this as a fashion statement. we appreciate your honesty. >> take you for having made.
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crimson mim. short for my grandmother's name. stuart: okay. you see that is another thing we did not know. glad you told us. >> we you pay for an apple watch for your teenage daughter? >> i have one teenage daughter left. i am generous with that onto with my children and grandchildren. yes. i would do it. president obama. going after your guns through a bullet band. it is easier to buy guns ban vegetables the president says.
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♪ nicole: i have here fox business brief. a tough week on wall street last week. turnaround today we are seeing the dow and the s&p higher. the s&p up five points. the dow up 110th points at the moment. united tech ologies up right now. chevron energy has done very well today. all of these names are up or they had 1% each. general motors planning a big buyback. agreeing to over a proxy fight. another movie we are keeping an eye on is blackberry. goldman sachs cut this one to a cell. stocks under pressure today. ♪
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>> wildly optimistic. i think that this is a minor pullback. i think that the lows are in for quite a wild. i do think that the trend is up and we will continue to see higher prices. may is trading $53. i do think that the trend is up and we will continue. >> they changed the month. $50 a barrel. very soon, another to liberate month. messing around with the market. that is what you are doing. >> i just stick to the way they do it. overnight as we switch from april to may it will look like a jump.
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it will certainly psychologically make us think. >> okay. thanks a lot. let's get to that proposed ban on bullets. listen to what president obama said over the weekend. >> you can go in some neighborhoods and it is easier for you to buy a firearm then it is. easier for you to buy a handgun and clips then it is for you to buy a fresh vegetable. stuart: fox news contributor katie is here. your reaction to what the president just said. >> it is hard to have a coherent reaction to something so absurd. this is completely absurd.
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i have never had to present voter identification to buy a vegetable. if the president is referring to a legal firearm purchases then we can talk about that. four him to coat this and make this general statement it really does reflect not only his ignorance on the issue but his way of trying to seem that done purchasing is worse than it really is. >> this is a tweet. they appeared to maybe be backing away from the bullet band. just a publishing the state. no ablow exemptions revoked.
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>> let me tell you how this tweet came about. i published a story and i compared to 25 rules and regulations. i can tell you that 2005 version to the new 2014 version. the exemption for the ammunition they are trying to ban now is no longer in the 24th teen version around the time they are trying to propose it. they just got caught because they had already taken out of the rules and regulations. the administration's position is weakened not get this ban through a vote in congress. we can't get it through an executive order or a change in the rules.
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they cannot get a boat going their way but they can do it this way. >> they are certainly trying to do it this way. if they reclassify this as armor piercing and they ban it, that means they can and every type that exists. there are hundreds. this is a very slippery slope. the president four years has been trying to get a hand past through congress on that ar-15 rifle. the most popular rifle in the united states. he was not able to do it. if they get this one done, they can get all the rest done. stuart: i do not know which side of the fence anybody is on on
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this. i think if we make a change as profound as being suggested we should vote on it. >> i think that they should also take public comments rather than setting up a charade. stuart: well said. come back and see us again soon. stuart: strange inheritance. host jamie colby explains tonight, and all new episode. after this. ♪ it's a fact. kind of like shopping hungry equals overshopping.
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they have to be stronger leaders. they are too nice. the problem is, if women start acting like men in the workforce, that is not good either. >> top losses. >> there is still no old girls club. here is the thing the number of women and men wanting a female boss has increased into the 50s. stuart: not quite the majority yet. some congratulations are in order for jamie colby and the strange inheritance team. it has been renewed for a second season. it is a great show. it really is.
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>> you can certainly tell that we enjoyed making it. we will be going out on the road soon. we will find 26 more families for 26 great episodes. >> some artifacts from civil war history. do we have a clip? >> kept asking if i could see the artifacts. >> it was warmed by general pickett at gettysburg. here is his bloodstained uniform sleeve. pickett's own hand drawn map of the gettysburg battlefield. >> he was delighted. it was like he had found a gold fields. >> right. george pickett the fourth. growing up, people said, oh,
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yeah your great-grandfather. he was the one. i think once we went to those incredible artifacts he may have come to the conclusion that his great-grandfather was just a great soldier that was following orders from the top. there is a bonus episode about a furniture collection. even the family cannot believe what it was worth. stuart: strange inheritance. >> power to prosper. 9:00 p.m. four nights a week. definitely check out tonight. stuart: we will have more varney for you in just a moment. ♪
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>> this is only the first of maybe six shoes that are going to drop on hillary. the obamas, particularly valerie and michelle, do not want to see the somewhat centrist clintons in the white house. they want to see some democratic president who will carry out their more left-wing social agenda. stuart: that was ed klein, top of the hour. some big headlines liz. there is an internal state department probe pushed by valerie jarrett into hundt's activities -- hillary clinton's activities on, what was it -- >> expense accounts, according to ed klein's reporting. why expense accounts? perhaps the clinton foundation was raising money for foreign governments, the clinton foundation is used as a launch pad for hillary clinton's campaign -- stuart: what else are they looking at? >> it was that -- listen, hope and change was such it can't be hillary clinton's campaign theme. and this story has legs because
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both sides of the political aisle are on it. stuart: liz, thank you very much indeed. here is deirdre bolton. deirdre: stuart, thank you so much. the apple event starting in about 30 minutes, we're going to have coverage which may include details on the company's smartwatch. troubling times for electric carmaker tesla, it is cutting jobs in china. and another kind of alternative machine is taking flight, the first successful leg has been completed in a solar-powered plane. the goal? a record global trip. well, the apple event starting any minute many analysts expecting to hear more about the apple watch. it unveiled it at an event last september. still a lot of unknowns though. jo ling kent is there at the center for the arts. gadget i guru, i think he has three watches on just today we're going to be talking to him about this, greg harper with me here in new york. jo i want to start with
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