tv Varney Company FOX Business March 10, 2015 11:00am-1:01pm EDT
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companies like boeing mcdonnell and so many others in the dow jones industrial average. that is driving the action with the dow down 211 points. that will do for "the opening bell". i will see you tomorrow same place, same time. "varney and company" begins right now. stuart: this is a very big day. hillary is going to speak stocks big sell-off, apple after the what is revealed and gas is down again. there's a lot at stake today. hillary clinton will address the e-mail and fund-raising scandals, she will be there this afternoon or most importantly she will take questions. her and declared run for the white house is threatened. huge stock sell-off. chaos in currency and jpmorgan says the wall street rally is getting tired, down goes the dow. the morning after the apple watch launch, a lot of skepticism but would you bet
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against apple? we saved the best alaskan gas getting just a little cheaper again. good friend. "varney and company" is about to begin. ♪ >> what difference at this point does it make? stuart: that sound bite from hillary clinton is bound to be repeated so long as she has the:00 this in mind and so will her statements on the e-mail scandal machine will be making a couple of hours. she is also going to answer questions. we have a lot more on that coming up but you got to look at this. a very significant saw on wall street. the dow down 213 points. jpmorgan and city say europe will make you more money than the u.s. and another problem too would be the almighty dollar. soaring. that is tough on america's
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multinationals down they go. the dow is off over 1%. on the flip side impossible turning point for the price of gasoline. national average for a gallon of regular went down half a penny to 244 overnight. gas has fallen two straight days. we won't call that a streak but it is a nice trend. we are down less than a penny in those two days but the trend is down and we love that. hillary clinton will address let e-mail scandal today. she will answer questions. we are also learning that all five democrats on the benghazi select committee asked john kerry to prioritize the release and review of hillary's e-mails. digital politics editor is with us. do you think that what she says today is going to be make or break for a candidacy or am i going too far? >> it certainly could be break if she comes out with something, come amy, some preposterous
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statement she could do dire damage to her ambition. most likely what she is going to do is get out there, say some stuff try to buy a little time so she can get a campaign closer to launch which we are now expecting at the beginning of april and to punt the bits. should we expect chuck todd at nbc reporting and others intimating she will talk about how secure her home bruce server was and one of her rhetorical focuses is on the fact that it sounds kitschy, you have a home brew server listed in your home in chapel, new york but it is okay because it was really secure. stuart: do you think a punt is good enough? >> doesn't have a lot of choice because remember what happened. it was 40 days ago, five weeks ago that we had thought perhaps hillary clinton would wait until july to launch a campaign and she was going to run in this crystalline sphere orbiting the earth far out of reach from the
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detritus of regular human politics and the very special place and wait as long as she wanted for her coronation. that has crashed to earth and now she's in the urgent business of going out to do reporter's run to clean this up a little bit. this is hillary clinton's big coming to earth moment. stuart: it will be very tough because the obvious answer to your rhetorical question is why doesn't she just tell us why she did this? why does she have a personal e-mail? why does she have her own server? why did you do this? she won't. >> you know why the democrats are focused on the release of those 55,000 not e-mails printed pages of e-mails for but this's sake they're focused on those because they have already been vetted and approved by clinton's campaign, release, ready for launch. what republicans and other people are interested in is what are the e-mails he didn't turnover and was on those servers. stuart: the new poll from the wall street journal nbc says 51%
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of -- view hillary as a return to the past. that is not a good polling number when she is mired in scandal again, is it? >> no. the problem for hillary clinton has been when people said the clintons's baggage they thought about her husband's could billows and laughed about it. now they are being reminded of things like the alleged sale of pardons the white house/china, travels to the gate and those other things that remind people the clintons bring with them all of this scandal baggage not just what bill clinton did with monica lewinsky it is the money the abuse of power and the secrecy that made people uncomfortable for so long. stuart: are there any other democrats beginning to emerge as hillary runs into trouble? we know about elizabeth warren and whether she has emerged as a candidate or not is a good story. martin o'malley, former governor of maryland, joe biden, anybody else? >> there are a couple others who
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are too ideological, too far and ideological poll jim webb too far to the right, bernie sanders too far to the left but the menu should be watching, joe biden. watch the vice president of the united states. he has had a hankering to take on hillary clinton they fought inside the administration and now would be the time if he wanted to because he has the name id air force two and the obama legacy project is a of a week, is on. let's do this thing. stuart: ten seconds left. could joe biden be the next president of the united states? >> anything is possible. are we out of time yet? stuart: sorry chris. i am sure you will be back soon. thank you for being with us today. check the share price of apple. they did youed watch. and the ipad, skeptics are out
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in force cheryl casone is with me. do you think we should beat betting against apple? >> there is a good case to be betting against it. the stakes are big for tim cook and what the buzz was. we can be on stage and debuted this thing and if nobody buys it you can bet against them. stuart: make your call. i you going to buy this thing? >> start with the fashion industry the supermodels on stage yesterday used it for fitness. there are plenty of fitness trackers out there already that are not doing so well. paris fashion week has been going on. they gave her an advance look but the you know what their response was? it is co-pay. the runway shows says this is
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technology not an accessory unless you get kim kardashian wearing that what you won't sell it to the fashion industry or -- stuart: when you discounted it as a fashion item. cheryl: let's talk technology two thirds of americans will not pay using a mobile device, they are afraid of security risks, how many credit cards have been stolen last few years particularly this year. they are saying i don't trust apple pay or mobile technology in general. that is another negative because apple pay is a big thing you hold your watch up and -- stuart: the big story is is it a brand new platform for apple to lodge another run-up in its stock price? cheryl: i have done this before there cannibalizing on other items. the question is the iphone to use the watch you already have the iphone, spend another $400 on that. there is one positive and it is
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for travel. there is great for travel, american airlines, they are going to have a watch as your hotel key so for the travel industry they are excited about it but you really need to people to use this as part of your life. it is tough to make that argument. stuart: an overall down market and apple is down $2 a share. not exactly judgment on the watch. cheryl: if i had thought that stock six months ago, great. stuart: please check this out. i have a tractor trailer it flipped over on i-95 in maryland. if you know the eastern seaboard of the united states you know that road is the principal north/south hobbit for these united states, 10 to 15 miles outside washington i-95 southbound shutdown. part of the northbound lane shutdown as well. the trucks carrying bio diesel fuel, clearly this is going to
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cause huge traffic delays in and out of the nation's capital, up and down the eastern seaboard. we are on that story following it. back to today's other top stories a lot of the. bring us up to date. >> major scan affecting the social security administration. fraud steers are taking advantage of 6.5 million dead people who still have social security numbers on file. they are using the data to get benefit checks for illegal immigrants to apply for jobs. how old are these did people? all over 112 years old and this is happening because the government computers are not to date and there is this. gun owners are concerned about a proposed ban on and off for the ar-15 rifle, they stopped out alcohol and tobacco and firearms it says they can penetrate police officers's vests and burger king follows
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mcdonald's and wendy's in dropping fountain drinks from a skid's menus but sonic adding sugar to its strength. how do you add sugar? customers go in and get nerve candies mixed into their soda for $0.30. we will show you shares right now. burger king doesn't trade anymore but sonic is down a little bit 2%. those are your headlines in case you missed it. stuart: egypt as president asking more hope to fire radical islam calling for a religious revolution within islam. this is big stuff. stand up against isis. that is what the egyptian president is saying. k t mcfarlane returned from egypt and she knows what is going on and what they think about president obama and she is next. >> we have to read knit that terrorism is now major threat not only to egypt even the immediate region but it is a threat to the stability and security of the homeland.
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stuart: we want to show this one. a tractor-trailer flipped over on i-95 in maryland, shutdown of a highway in both directions, this is a very big deal. the big rig carrying bio diesel fuel, delays rebuilding of into and out of d.c.. hazmat units on their way, traffic diverted off i-95, two mile delays at this moment and building. is going to get worse. this is the major highway north/south on the eastern seaboard. we will bring you up-to-date on this one. check the big board, that is a big deal too, we are down 190 points as we speak that is 1%. in percentage terms not that bad. 1% down at 17-8. jpmorgan and city are saying you make more money in europe and you will hear and perhaps more importantly the dollar is soaring and that has all kinds
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of impact on american corporations. then we have ali baba making executive changes in its shopping divisions. is a response to accusations of fraud, holding at $82 a share. profits down at urban outfitters, better than analysts were expecting you just never know. some of them are expecting stocks to go -- looks like it's going to go 43. that is a new high. time is money, we say this every day and we will get to things quickly. big money dave for the nfl, free-agency begins, hundred of millions on the table for football's top stars, at how does that compare to the top stars of soccer? who makes the most? we will have an answer. in the new our the reality of the obama recovery, the man who stands at a train station for hours handing out his resume, he has a master's degree.
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why can't he find a full-time job? we will ask him. the disturbingly racist video from an oklahoma university fraternity. cameras are everywhere. whatever you do in private can be made public. this is a privacy issue and the judge wants to talk about it and he will. let's get the president of egypt in an exclusive interview, bret baier wants america to help fight radical islam. listen to this. >> egypt now need your help, especially in the military field, more than ever. very important for united states to understand that our need for the weapons and equipment is dire. especially at the time when the egyptian feels that they are fighting terrorism and would like to feel that they are standing by their men. stuart: sounds like a cry for
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help. national security analyst kay t. mcfarland just returned from cairo. i am told by egyptian living in america that they believe president obama is on the side of the muslim brotherhood and not cc. what are they saying in egypt? >> i met with the grand imam, the equivalent of the archbishop of canterbury, one of the first to meet with him in recent times, i met with the coptic christian pope and they said the same thing, they are on the front lines, they are fighting in libya, they are fighting in the sinai but also within their religion. the grand imam went to mecca and said to the religious leaders of the muslim world we must reform. we must call out this radical version of our religion which endorses terrorism and we must reeducate, we must have a focus on education in our schools. at the same time the president is meeting with the muslim brotherhood.
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the muslim brotherhood is now saying the same. stuart: egypt is doing and saying what we would expect and want egypt to do and say so the logical question is why isn't president obama supporting what they're doing and saying? >> this is what i don't understand list since september 11th we said where are the moderate muslim? wyatt and not condemning terrorism? why are they not condemning extremism? they are. they are now doing it and yet we seem to have an administration that is not listening or endorsing. stuart: what is the reason? >> i won't explained the what the administration, from the beginning they have been supportive of the muslim brotherhood. when i was in egypt and met with a number of people mid level people, ministry of defense and others, the muslim brotherhood was about to take over and turn our country into iran. >> we are helping the egyptian. we give them $250 million in economic assistance.
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republicans are the ones that want to get rid of that. that is on there chopping block so we are giving them money. do they want help or just our money? >> they want military equipment. i met with the ministry of defense and asked the president and the administration said they are developing this military equipment for the egyptians. i talked to the general in charge and said we are not getting in or we are getting apache helicopters, they are sitting on a runway. and they are fighting. stuart: it is more than military hardware. it is fleecing political support. president obama why is he not saying you are doing exactly the right thing? going to the christian churchs calling for reform within islam you are doing what we want you to do, why don't we support him? >> it is a bigger problem than this. as egypt goes so goes the region. if they get it right we get it right. >> we got to tread carefully. look what happened in pakistan.
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no one wants to see that repeated again when it comes to egypt. are they really our friends. >> i think they are. stuart: how can we doubt that he is a friend? did he not go to a church and state -- >> christmas eve. >> he went to a church in a muslim society, an extraordinary thing to do, isn't it? >> i go back -- >> actually called for a reform of islam from the inside. >> we have been burned before by this region in particular, with these countries. this has happened before. stuart: you deal with that. thanks very much everybody. red light cameras. have you ever met someone who was for them? chicago is getting rid of some of theirs. why not get rid of the mall? live report from chicago. taylor swift, a pop icon taking out an insurance policy on her legs. how much do you think they are worth? we will give you the magic number in a moment.
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stuart: how much money art taylor swift legs words? taking out and insurance policies on them. david beckham soccer star, insured his legs for 70 million. jennifer lopez $27 million for her backside. drivers in chicago getting a bit of a break. jeff flock on the road in chicago. our viewers want to know. our viewers hate with light cameras. jeff: 250 will remain. it is election time here in chicago.
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stuart: are you saying they are taking down some red light cameras because they know they are unpopular? jeff: there has been pressure on this for a long time. the first day his challenger is you like it, he will take them all down. these are the things. they take a picture of your license plate. not very popular. stuart: it is a huge moneymaker. >> huge. you are absolutely right. the city needs money. you almost want to be sympathetic with the mayor.
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it is what the mob used to call street tax. stuart: all right jeff, i know you will be driving all day long through those red light cameras. hillary clinton will publicly address a state department issue this morning. her run for the white house is potentially threatened. >> what difference, at this point, does it take? ♪
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stuart: still down almost 200 points. jpmorgan says that the wall street rallied is getting tired. down she goes. 191 on the dow. look at apple. will the apple watch make that come to me and to a trillion dollar company? we will ask and apple pull the trillion dollar question. 244. the point is, it is down.
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we do this every day. where is the cheapest? jasper texas. critical of hillary not addressing that issue so far. all of this reveals the attitude to the pub licks claim. it is about how ms. clinton response to legitimate questions. it is about how she would respond as president. 126 word tweet. lanny davis and author of price details joins us on the phone. good to have you back, serve. >> lots of traffic in
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washington. >> a bad day for traffic there. what is her defense? how would you defend what she has done? how do you defend that? >> i tried to just do facts stuart. they can decide whether it is a good defense or a bad defense. let me try that with you. i understand that she needs to explain better and maybe earlier. she needs to explain everything. i believe today is the beginning of the end. there will be more people that want to know, but this is a good beginning. the lawyer for the
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administration that was quoted in the first story has told cnn offended if leaf that she did nothing illegally. she did not violate any regulations. the records are preserved. she did not violate anything by having a private e-mail. all of it is accessible to the state department. she has turned them over at the state's request. they may ask her to review more. it is up to them to do that. she has openly said all of them. in fact, they are secure. anyone thinks that the state department server is more secure than her server should remember wiki leaks and edward snowden.
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the state department server is the one that gave up the wiki leaks by some hacking that we do not understand. that is my answer on those three fax. as to whether that is good defense or not stuart, i leave that up to you and others. stuart: we have had a former secret service agent that has worked at very high levels of government that has worked on that server in mrs. clinton's house. here is what he had to say. roll the tape. >> the do agree of security. information on private correspondence. anybody could have been looking at this thing. we know for a fact that the person obtaining this server
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could not have been a state employee. stuart: he is saying that to fixed that server who did the work on that server did not have security clearance. that server is open to hacking from just about anybody. >> that is a reasonable question. my answer is, what would he say about the state department server that was completely hacked into by wiki leaks? it is all a question that should be asked on any server. government or private. we have to wait to see what kind of security measures -- stuart: i only have 20 seconds left. we do appreciate you coming on the show. why did she do this?
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>> i thank you for asking that. convenience. not using to blackberries. solely a convenience issue. now the matching that there would be any difficulties. that is probably what you will hear today. i am guessing your convenience. stuart: thank you so much for joining us. news from the white house. president obama signing a student member random. this is not an actual bill. what exactly does it mean. >> and another one of president obama's is accurate if orders. the white house says it will require lenders to apply prepayments first two loans with
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the highest interest rates insured that collect yours charge reasonable fees. it will also require lenders to provide clear information as to who is providing their loans and make clear payment options available. stuart: kind of a bureaucracy planted on top of the student loan business, so to speak. >> yes. stuart: thank you very much, indeed. up next, that shocking video from the university of oklahoma fraternity. it proves the point nothing you do now is totally private. your privacy is gone. the judge on that later. ♪
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stuart: and our ambassador released from the hospital after having his face slashed. the ambassador says he is feeling pretty good. let's get to that outrage over a racist chant caught on camera. listen to what the members were singing. roll tape. [inaudible] stuart: the fraternity has been kicked off campus. this story print up the issue of privacy and free speech. the judges here. i think that the issue of free speech is very important here.
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>> it appears that they knew they were on camera and they were doing this for the camera. >> a couple of people hold a nasty conversation somewhere and someone posted it on facebook. >> that depends on where it is. florida, that would be unlawful and criminal. the person who did it, could be prosecuted if the state wanted to go there. the university of oklahoma is owned by the state oklahoma. it is bound by the first amendment. as her terrific and propellant and utterly unacceptable that was they are protected speech.
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>> i am not so sure they knew he was being filmed, though. i do not know if that changes. >> no. it does not change the protected nature of the speech. the university has shut down and institutions. it has punished people. that violates another aspect of the constitution called due process. >> okay. i want to move on to lanny davis. use third the series of points defending hillary clinton. >> i can think of to that she
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has violated. she violated a law that prohibits people that work from the government, from concealing documents. >> she did that by keeping her documents on a server that she controlled. the premise of that statute is that the government owns all of your records when you work for the government. when you leave you can ask for that which is personal. she gave the government what she decided was governmental and kept the rest. second she kept classified documents on a nonsecure site that she controlled. one year in jail and a $250,000 fine per document.
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we are talking four years of documents. she signed a contract that all high level officials do were acquiring curt to safeguard national security secrets. she violated that. fourth. when she left the state department she signed a document saying that she had given back everything that was thursday. >> she is in grave political danger. >> no federal prosecutor will prosecute without the permission of the president. >> reporters that know the background -- >> dianne feinstein and what she said over the weekend. being forced to address -- stuart: she will be questioned.
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she will answer questions. if any reporter knows as much about this as you do, and they all do, i think she will have real trouble. >> i do not know how she answers those questions with a straight face. >> i am with you judge. i am with you. i just sit in the middle here unbiased. thank you, judge. who were uses a surge pricing model. you pay more. what is wrong with that? we will bring you the politician that wants to ban search prices next. ♪
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wants to change that. new york state assemblyman joins us now. senator, welcome to the program. it is good to see you. >> thank you for having me again, stuart. >> bad weather or something is going on. you put the prices up. you warn consumers in advance. what is wrong with that? >> the problem is that you are telling the consumers that the prices have been increased. stuart: assemblyman they are. you ask for a car at a time of high demand, they will tell you
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that the price is going to go up. >> how do we know that they are not creating demand? i agree with you. people willing to pay they should pay. there should be some transparency where the consumer is told that they are going from point a to point b and they will pay $10. why would you allow them to do that? >> okay. let's suppose you do that. i can go outside of this studio
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and stand on the corner of the road and a half a dozen cars will come good i will negotiate the price right there. if you ban it, the black market takes over. >> i think that it is the opposite. it will benefit everyone, including the consumer. if you go outside the studio and pick up a car you will know for sure that yellow car or the green car. company lee and legally doing the right thing by the city or the state of new york. you are calling them. they come over. they pick you up. at the end of the day they not only double charge you -- what we are trying to do is regulate.
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it is just fair for consumers. >> you are drawn towards regulation. you just love it. >> senator democrat from the state of new york, i am sorry we have to go. come back and see us. okay. about two hours from hearing hillary clinton addressed the e-mail scandal. plus the real star of the apple event. the new macbook. rave reviews. the second hour is just two minutes away. ♪
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they are the two latest scandals. i do not know whether her candidacy survives. i do not know how much damage will be done. voters do not want to be reminded of the past. hillary clinton and jeb bush represent a return to the past and they do not like it. this is america. the president acts like king barack and we really do not like that. i think we have come to resent that. people from the left and the right tell me the same thing. give us new faces. give us new policies. address our policies directly. our foreign policy is a
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disaster. give us leadership. new leadership. i do not believe that hillary clinton can do this. it is much to do about nothing. it is the right wing conspiracy at it again. i do not think it works this time. we have heard it before. we do not want to hear it again. we have scandal fatigue. we have clinton fatigue. ♪ more on hillary in a moment. lu dow. she can get out of this. >> i will not reveal until the appropriate time. the dow jones average is down 265 points. jpmorgan says this rally in america is looking tired.
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the very strong dollar is probably going to hit severely. down goes the dow. off about one and a half percent. look at apple. it will be apple watch. we will ask a bold later this hour. right now we are down 2% on the stock. 244. an important maybe new trend. california highest in the land. up $0.77 in a month. 342 is the average for regular in the golden state. hillary clinton will address the e-mail scandal about two hours from now.
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lou dobbs is here. you think that she can get out of this. >> i do. this is a woman who got away with telling the investigating committee of congress what difference does it matter in response to four dead americans and walked away from it untouched. it is truly extraordinary. this is minor. she had a private e-mail account. let's start at the beginning. "fast and furious." the irs scandal. the conservative targeting scandal. working journalists in this country and not a glove landed on the president to this point because he has effectively stonewalled. where do you think you learn to
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do that? from the clintons. stuart: we are sick and tired of this. another two years of scandal from the clintons. >> president obama as he runs for reelection in 2012 could have overcome all of the negatives associated with his name his image his presidency and that he would be reelected i would have said you are mad. >> you have been very critical of america's electric. >> how could one not deep. he is either serve rating the middle class. he is not doing anything towards what most would consume would be a primary constituency.
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suffering almost twice the unemployment rate of the national average. this is a striking piece of con artistry. it goes on. for the american public and for all of us this is an act to pretend to do this dance like we have a highly energized enlightened and utterly fatigued electric that just cannot wait to push away bush and clinton because all of them have been tiresome and will not go away. the fact is, we cannot ask for leadership. for the republicans i think it is either walker right now. you have one choice right now.
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she has just about 80% support among the democratic party. >> you think that she will be the next president of the united states? >> i do not know. i will pray this that they do not resemble a clinton a bush or and obama. okay. stuart: i think you are wrong. i do not doing that she gets around this one. >> she may not. a little bet as to who will be -- that is between you and me. i will make that offer one more time. [laughter] stuart: you can see hillary faced the press 2:00 p.m.
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eastern. melissa francis anchors our coverage. you can watch it as it happens. and overturned tractor-trailer on i 95, outside of washington, d.c. traffic diverted off of the highway. it is moving again though, northbound. however, hazmat crews are on the scene because the big rig was carrying bio diesel fuel. it is going to be a horrendous problem, traffic problems on i 95 for a long time to come. that is the major north / south highway. the most traveled highway in the country. an audit from the social security administration reveals this number. 6.5 million active social
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security numbers. they are all from people who are 112 years of age or older. elizabeth macdonald is here. six and a half million unclosed social security numbers which they to 1901. they may be used by people like illegal immigrants. >> six and a half million dead people. someone is getting their social security benefits. >> not true. >> i met the families or somebody. stuart: bogus checks are not going out. >> it looks like some of them were also born before the civil war.
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>> it looks like only goals could be getting the checks. also it looks like a problem for the irs. people could fraudulently be using these to get tax credit. stuart: they could be using these numbers. six and a half million social security numbers are not being used. >> we do not know that just yet. senator ron johnson says tens of thousands of these social security numbers are being used fraudulently. >> can we just talk about this? i have been covering this story since the 1980s. even to this day they do not have computer technology to track whether or not people are fraudulently using these
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numbers. that is really the issue. that should be priority number one. to track whether or not a beneficiary is deceased. some of these are older than the silver war. stuart: never going to be efficient. never using technology to its best way. >> fakes tax credits going out the door. it is astonishing that this is still going on. >> you've got that right. lauren simonetti is here. >> some of them are fun here today. ali baba.
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under the ali baba umbrella will continue to operate independently. shares are down about $0.22. they are here. get ready for a ghostbusters downpour. sony is creating a remake with hope. channing tatum will reportedly start and it. the all-female ghostbusters starts shooting this summer. telling americans to stop by from companies that share them. stuart: i've got it. thank you very much indeed.
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stuart: that is a sharp drop. the dow and the s&p 500 have old you raced their games that they have made this calendar year. jpmorgan says, put your money into europe. our rally here they say is tired. what says larry levin? >> i agree with the u.s. side of the. that is for certain. you by monetary easing and do so when someone gets out of monetary easing.
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really that is the hedge that jpmorgan is talking about. i usually do not like to take advice from banks. >> you never take advice from banks. i know that for a fact. as we waited for an interest rate increase, bad news for stocks. they are looking to print a ton of money. good news for stocks. >> yes. i think that is the right thing. i do not paint -- you want to buy that and so that. >> we hear you. thank you very much for joining us. take a look at apple stock. apple is down about two and a half dollars right now. yesterday, there was a huge
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introduction of the apple watch. a lots of skepticism. there was another release yesterday at the same big apple deal. that was the new macbook. here is senior tech analyst. welcome to the program. >> good to be here. stuart: i am told it is really a cool thing. >> it is very cool. we knew about the watch. it is 12 inches. very thin. it just has one plug. stuart: that would be a negative for some people. >> it weighs right at 2 pounds. it is something that will be
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like an ipod, but it is a real laptop. >> is it a vast improvement from the previous macbook? >> it is lighter. it is thinner. it has better battery life. this is amazing. >> if i do want a lot of wires i have to pay $80 for an accessory from apple. if i want to put a recharger in at the same time of the another port $80. >> absolutely. the apple watch is a new platform. a whole new part of john rupp. this is an improvement on an
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existing platform. >> it is. as much as we talk about the phones becoming the center of our lives there is something to be said about needing to have a real computer with you in order to get work done. i carried my mac book air in my bag with me every single day. stuart: i do not need the desktop that i have at home. do you think that this is a very big deal? >> i do. there will still be people that need a bigger laptop. a bigger computer. this is great. you can still have your ipad for entertainment on the couch.
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stuart: think about overheating. >> we are not really sure about that yet. it was just announced. there is no fan. it will be interesting to see how they handle that. it will be totally silent. $1200, so. >> that is not terrible. >> people will pay for a product that they've really, really want. >> absolutely. four business travelers i think that this will be awesome. >> off some. geewhiz technology. used for medical testing. could change the future of medical testing. we've got it. ♪
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ok, if you're up there, i could use some help. smart sarah. seeking guidance. just like with your investments. that sets you apart. it does? it does. you're type e*. and seeking another perspective is what type e*s do. oh, and your next handhold... is there. you don't have to go it alone. e*trade gives you the support and guidance to make informed decisions. are you type e*? 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.
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cops in arizona tried to stop the driver that was speeding. he starts chucking barrels out of the window while driving. the driver was arrested. that led to the discovery of a stash house. just look at lumber liquidators. sixty minutes took this company to task. they said there was too much formaldehyde in the flooring. now, california authorities say do not worry q2 not need to replace that hardwood floor, just open your window and then delete a little bit. >> putting out a report saying that the air research board put out a statement saying you do not have to rip out the flooring open the windows or get a humidifier or air
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conditioner. it appears that california has not ordered to have it removed. look at that right there. >> okay. talk about geewhiz. how about human heart cells on a chip that could replace animal testing. >> putting stem cells of the heart muscle the heart muscle is developed out of the stem cells on a chip. how poisonous they are to the human being into the heart. this is cheaper than animal testing. more efficient than animal testing. it is known to be out of whack.
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testing the toxicity of the drugs. $5 million on average to develop a drug. if this thing takes off which is still two years out it could really revolutionize drug development in this country. >> yes indeed. who makes more money the top players in the nfl or the top soccer players in europe? that is up next. tonight, 9:00 p.m. eastern strange inheritance with jamie colby. it is a very popular show. >> a veteran at the battle of the fulcher. >> it was in boxes. gun cabinets.
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michael robinson from san francisco? we are down 265 points now. is this the start of a bigger selloff? >> the honest answer is nobody knows but i doubt it very seriously. especially technology doing very well right now all. nasdaq composite is up 3%, 12% run rate. i would not be investing in europe given what you talked about earlier. i would be investing in the united states. i don't think we're looking at a major correction. stuart: we hear you. a clean cut opinion. we like that a lot. you are the biggest apple bull the we know. you always say by that thing. it is going up and up and up. do you think the apple watch is the new platform that is going to take gavel to $1 trillion valuation? >> and important catalyst. this is the really cool device and a lot of reasons to use it. for every individual thinking of buying one, there will be applications and you can find the ones you want.
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a perfect example why i would love to have it when i charge my devices i don't have access to them for a while so having a watch would be excellent. i think it will be an important catalyst that gets to $1 trillion. they could throw off 4 to $6 billion in new sales the first year alone. stuart: a lot of people buying an up-and-coming company and they stay in that stock because it runs up and up and up. a lot of people did that with microsoft. when do you know when to sell apple? it has gone straight up for ten years. how do i know when to sell it? >> everyone is going to have -- steep and the new investor profile and what your goals are. for me i am telling people is the money ball market. you might take smaller gains along the way. i think you will know, you look technically as the stock roles of her. i would not be selling right now. we have a lot of momentum left on this we still have $142.85
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target for labor day 2016. i think we will make it. you can sell small amounts on the way. you might sell 1/4 of your position. it is double or more take a free trade. stuart: the first time i ever heard you use the word cell in the same sentence as apple stock but we hear it. go on, you got ten second. >> just to protect profits against the volatile market. i long-term apple bull. stuart: thank you very much. nfl free agency begins a few hours from now. teams will spend a boatload of money. a $114 million deal signed with the miami dolphins, connell mcshane is here making his virgin appearance on "varney and company". connell: watch your mouth, varney. stuart: i want to compare -- he is guaranteed $60 million of that. i want you to compare him to
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rinaldo, the star of madrid has signed a contract for $206 million in 2013. five years $206 million. the european soccer stars make more money that american football stars. connell: easy explanation. you identify with it, you may not like it, you know why this happens? the americans are socialists, the europeans are capitalists. ruthless capitalists, these europeans litter the opposite of what you are preaching on this show every day. stuart: you got me going here. you get my juices flowing with the this one. connell: brought my numbers with me. stuart: the explanation is very simple, european soccer is a global enterprise with the global marketplace of a huge stars take in money from all around the world. american football stars do not. connell: that is not the only explanation. the national football league has set of incentives so everybody
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is treated equally, some half joking but half serious that that is -- a principal associated with socialism. sounds like a joke. with these numbers the salary spending limits from the british premier league, possibly your favorite league. stuart: call the county. connell: not in the top tier. on the left side of the screen, premier league 2013 witches the best year for comparison, man c-span 242 million british pounds on salary. that is the most spent. the list spent was south hampton $52 million, huge disparity, $50 million vs $250 million. on the right side of the screen american football, high spending team $135 million, kansas city, not second place, lower spending 100 in million dollars, washington very close together, american football league they want their teams to spend the same, they want new york rival with pittsburgh.
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in england -- stuart: even if it out. connell: don't do that in europe. they do the opposite in europe. is crazy. liz: salary caps in the nfl, no salary caps. connell: salary cap on the nfl has risen by $10 million this year so it is a higher cap, $143 million all across the sportsnet works and everywhere else you are hearing about that. these nfl players make big money but in europe they could spend as much as they want because they don't care about that. the don't care about second and third tier teams. the top teams, where did rinaldo used to play before madrid? from manchester united. one of the top spending teams. they could have as much as they wanted for him and chose to do that. the top teams the rich get richer the poor get poorer, the league is to not care in europe. that is, set it up. have done it on purpose. in the nfl in america is the exact opposite so guys get big money but the one of get that much. stuart: time i went back over
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there. connell: crazy european capitalists. stuart: remember nfl hall of famer, rob woodson selling his entire collection of memorabilia. it is all going. here is why he is doing it, quote, i am not a very vein type of person. i don't need to see what i accomplished. i have a beautiful white and kids and more important to me than anything i had in the sporting world. connell: not rinaldo. stuart: sell-off all his stock. connell: good for him against. make some money. liz: $40,000 for the rings or thereabouts. i don't know what the hall will be for him but tens of thousands. connell: these guys have short careers. talk about the players today whose suit, chasing the money. of course they are. we get to do our jobs hopefully for decades. they get to do theirs if they're lucky for five, six, ten years
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so they make as much money as they can. liz: we will auction off stuart varney's thigh. stuart: breaking news. university of oklahoma president has expelled two students over racist can'ts caught on video. the p is reporting that. more details as we get from. mcdonald's sales slipping. has a big image problem. here is the question. will the public perception of burgers and fries ever really change? don't forget hillary clinton addresses the e-mail scandal. answers questions too. you can watch it here on the fox business network.
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at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. nicole: i am nicole petallides with your fox business brief. the dow jones industrial average down 244 points of the lows of the day, down 270 but we're seeing selling across the board the s&p 500 down 1.3%. the tech and nasdaq down 70 points at the moment. utilities, the one sector going in green today, look at first energy and setting companies, these names the games, the fear index is higher, very strong, u.s. dollar one of the reasons that is one of the reasons it
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has fallen off. look at london liquidators, a name that sold exponentially. it is up 11% as we are awaiting a conference on march 12th. more about the allegations of cancer causing agents in the flooring and barnes and noble first quarter earnings fell short. that is under pressure. it is down 9%. "varney and company" coming up after the break. to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network,
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and cloud and hosting services - all with dedicated responsive support. with centurylink as your trusted technology partner you're free to focus on growing your business. centurylink. your link to what's next. in new york state, we're reinventing how we do business so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years with startup ny business incubators that partner companies with universities, and venture capital funding for high growth industries. see how new york can grow your business and create jobs. visit ny.gov/business stuart: the most popular show on cable tv is getting a spinoff.
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will be a companion series to the network emcee's the walking dead. it wanted late this summer. details on the plot very thin. we don't know what it will be about but it takes place in los angeles with a whole new cast. details of the storyline have not been released. stock not reacting to this news. is down about a buck $71 a share. mcdonald's, sales down again. a lot of people especially millennials looking for healthier options of avoiding mcdonald's. come on in, john tapper, host of bar rescue. he also rescues restaurants. if you can't change the nature of burgers fries and a shake, how do you change the perception of mcdonald's? that is what mcdonald's has to do. >> 4% domestically for february 1.7% globally, much higher than projected. there is an issue. millennials react to stories. look at chipotle.
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food with integrity. look at sonic, projects and flavors, all the shakes and different rinks they have. mcdonald's doesn't represent any story now. there is no health message, there is no neat blend to the burger, no quality statement. other brands are connecting with a story or purpose that sends a message that millennial are connecting with. mcdonald's isn't. stuart: i think the elites heat mcdonald's. be elites run the establishment media, they hit mcdonald's. it will be very tough for mcdonald's to put off a positive message which changes the image of the burger, a shake and some fries. i would say they are almost impossible and you say? >> i agree with you. remember howard johnson's? they had an orange seats and. counters when the rest of the world changed? they are gone. i am not suggesting mcdonald's disappears but they will assume
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a very different position in the marketplace of things don't change quickly. stuart: burger king has taken soda off of the kids's menu. what do you say to that? >> they are giving people the store, a corporate message. now they are trying to say kids meals with integrity. i am not sing that one move is going to send that message. stuart: how about this when? mcdonald's fast-food we are going to make it fast and we're going to give you the best burger, the best shake and the best soda you ever had in your life and you get in 30 seconds flat, come on in. does that work? >> the problem is fast casual is taking market share away from fast-food. it is only about 20 minutes to go in and out and it is up more elegant classier, higher quality perception. mcdonald's has a mountain of clients. stuart: i heard -- i know that you are a tough nut, you are a tough guy, you shop you scream,
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you really lay it on thick. i watched the show. i am told that you were reduced to tears on one of your new episodes. you want to tell us? it shaw. there is such year rolling down your cheek. what is going on? >> that was my twin brother. that was one of the most difficult bar rescues i have ever done. jamie why am talking to's son had passed away set year and it devastated and paralyzed him. i was having a discussion with him about when is it time to stop morning and move on with your life and that was what that conversation was and it was heavy. stuart: you got a heart. that is the truth and i believe that your show is wildly successful. do you like to confirm that? >> it is. we are doing well. number 1 on the network our numbers are strong. thanks for your support. stuart: are millennials watching
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you? are youngsters watching you? >> very much so. stuart: you have two of my youngest daughters are devoted to john tapper. so there. they don't watch me. >> i try to sell burgers. stuart: when i told some john tapper has been on the show several times they were aghast. shocked the i hadn't told. they want your autograph. >> obviously you raise daughters with great taste. stuart: you are sharp. you really are. you have a hard and you are sharp and you can come back again. john tepper, good luck. after the break the man with a master's degree who cannot find a full-time job. what is his solution to stand at a train station, handing out his resume for hours on end. we will ask him why he thinks he can't get a job. >> i feel bad the we are in this situation. i am trying to do anything that i can to create an opportunity.
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is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by calling switch to liberty mutual and you can save up to $423. for a free quote today,call liberty mutual insurance at see car insurance in a whole new light. liberty mutual insurance. stuart: more of what we can expect from hillary rodham clinton about an hour from now. spokesman says the news conference will be brief. we can read into that little bit.
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we should not expect to hear a lot of questions about e-mails wenner foundation ended because it will be brief. a lot of people in the media may not have credentials for this news conference. it is coming from her address to the united nations. only reporters who regularly covers the un are credentialed to get in and ask the questions. that might make a lot easier for hillary clinton. the reporters may not know the full background of the e-mail scandal but you can watch it unfold hillary live on the fox business network at numb to the emmys in time today. an hour away. let's get to obama genomics. headlines heavy thinking this is a strong recovery but a man in philadelphia who has a master's degree spends part of his a passing out resumes at the train station. he works part time. his name is robert and he joins us now and any offers in the time he spent with your resume at the train station?
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>> there are ongoing discussions that have been happening with several employers, some ceos, some potential leads with school districts. stuart: you are a trained school counselor. you are a full-time job as a school counselor, correct? >> that is correct. thanks for having me on your show. imus certified school counselor in pennsylvania and new jersey and i'm looking for an opportunity in a public school. stuart: what is the general reaction of people when you stand there for hours at a time what is their reaction? >> it has been awful. commuters pass by a really unique approach, they will smile, it has been an excellent reception. they give me their business card people ask for my resume and get in touch with me. it has been excellent. stuart: do you think maybe your skills are out of whack with
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what is required and what is demanded in this economy? >> not in the educational sector. in school districts, that is what you need. i am a certified school counselor. translation from education to other industries, there is the area. i have applied in related industry educational services, human-resources, and it has been tough. stuart: is there a barrier from government employment into the private sector? there's a problem moving one to the other? >> it has been a challenging process. stuart: why do you think there is that barrier there? >> i don't have a firm answer on why. it is networking. people advocating for yourself. wish i had better answer for you. i am living that reality, hold
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my sign to come up to get noticed. stuart: real embarrassed at first? >> not at all. the driving force was my wife and two young children. i have been at this for eight years, held three different positions, temporary positions and to watch my wife get upset and try to make ends meet, something easy to do. stuart: you are doing exactly the right thing. you are a brave man and you are doing the right thing by yourself and your family. we really hope that something comes of this but -- i am sure you do. we are using u.s. example of a man of integrity that wants to do the right thing, has a good education, ready willing and able to work in this economy and we want to offer our congratulations to you because you are a good guy doing the right thing. the last 20 seconds are yours.
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make a pitch. >> thank you for having me on your show. you spoke about integrity and that is one of the things i fried myself on is having integrity. i am a people person. i love to help and make a difference. stuart: i'd bet within a couple weeks you get a job. i bet. >> i hope. stuart: a good man, thank you very much. see you again soon. more varney after this.
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♪ hi, tom. hey, how's the college visit? you remembered. it's good. does it make the short list? you remembered that too. yea, i'm afraid so. knowing our clients personally is what we do. it's okay. this is what we've been planning for. thanks, bye. and with over 13,000 financial advisors we do it a lot. it's why edward jones is the big company that doesn't act that way.
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meanwhile, here is to you drove bolton. deirdre: hillary clinton did speaking at this hour at the un. we will take you to the q and a session. we will tell you what this means for two of the commercial companies. everyone is feeling the new feeling metrics. taylor swift broke up with spot a five last year. holding a hearing on the issue. miller asked to testify at the
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