this is unbelievable. guess what, it is a friday. it is time for the man the myth the legend. it is all joerres stuart. >> thinks. the first words out of my mouth will not be conducive. big business and government. i will scratch your back if you scratch mine. good friday morning everyone did 2012, the government wants to prosecute google as a monopolist. any connection to that slap on the wrist? is that crony capitalism? we will see. drone testing regulations.

they will really slow down amazons drone delivery plans. new rules on fracking. getting the power to hold it up, drag it out and maybe kill it stone dead. stocks are way up and so is the price of oil. varney and company is about to begin. ♪ stuart: that is a rally. up 172 points. the nasdaq, by the way, a new 15 year high. the russell 2000, that is another new all-time high. it is friday and the stock market has gone straight up thus far. i have two big names and they

are hitting record highs. we have the price of oil back at $45 a barrel today. i believe that they changed the contract months. $45 a barrel as of now. the price of gasoline has gone up again. three straight days. not by much. it really ruins my prediction of an imminent plunge in gas prices. i linked google to crony capitalism. the "wall street journal" reports that in 2012, charging google with practices. ftc commissioners overruled their own staff and went with a settlement that was very easy on

google. this is not mentioned in the wall street terminal. no it is me who is raising the question of crony capitalism. >> it is crony capitalism on the part of google's competitors. we want you to dumb down google's search engine so we can compete better against google. >> the staffers were already to go. >> that is a news story. >> the "new york times" says take google to court. >> yes. regulators have nothing to do -- stuart: hold on. the staff of the ftc says we have a case. google is a monopolist.

the commissioners overruled them and slap them on the wrist. i am saying that was maybe because eric schmidt that is crony capitalism. a link between the two. you are telling me i am dead wrong? >> absolutely. do you want them going into googles out the rhythms and dumbing down google? the whole point is to protect consumers. you just ruled out the word monopoly without even -- >> they have brought many many frivolous cases on the back of data. you cannot look at a staff report and say they say it is a monopoly. absolutely not.

stuart: you are missing my point. >> it has nothing to do with eric schmidt position. >> absolutely nothing. this was a rare victory with the bureaucracy backed off a very competitive marketplace. google is not the only place that you go. it has only increased since that case started being investigated next hour, her being came on crony capitalism, google and obama. would he have his employees talk to customers about race? 12:30 p.m. eastern today. we are looking at it.

we are following a developing story out of yemen this morning. terres carrying out suicide attacks on two different mosques. at least 120 dead. the group which recently took control of the capital. isis has claimed responsibility for the attack. a development in the iranian nuke talks. president obama praising the iranian people. check it out. >> the weeks ahead will be critical. our people oppose a diplomatic resolution. my message is together we have to speak up for a future we

seek. stuart: that is an interesting development there. all right. what should we make of this? >> i am not sure who is advising the president. based on the spring season. he was speaking to the people. fine. if you think that video will help the talks he is working with the seal cracks. if the people are pleased by it, they will block the video. i do not really get to his audiences. what the purpose is. it is a bizarre misunderstanding

the mac it seems to us that iran is winning on all fronts in the middle east. a general organizing troops in iraq. certainly looking like they will be successful in the talks on the iranian nuke. it just looks like iran is winning hands down. am i going too far with this? >> not at all. this video will be by the green revolution. sort of seeing it up using. they are saying that they are on our side. the enemy of our enemy is our enemy. the president cannot even say

that. intelligence director almost did not know what to say. as ambassador bolton said, maybe a tip to the have. the most important name is speaking to the iranian people about how we will loosen up to the rest of the economy. stuart: okay. always a welcomed guest on the program. thank you for being with us. the department of justice investigating. shock announced his resignation this week. please look at the stock price of amazon. amazon is up nicely today.

the feds will allow them to test out drone delivery. there are huge restrictions on that testing process. spell it out. >> good morning stuart. here are the restrictions. the drones cannot fly more than 400 feet from the pilot. you have to be able to see the drone while you fly it. number two it can only slide during the daytime and in clear weather. the pilot must have a pilot's license. they must turn in all of their data into the faa on a monthly basis. i think this is five years away. what do you think? >> i agree with you on that one. some kind of medical

sophistication for the pilots as well. the dead hand of government. >> it is a little bit like that. the faa is at least letting amazon test this program. this is all about research and development. it is slow. a lot slower than we want. >> all right. it is a learners permit. >> that is exactly what it is. hillary clinton's team poised to raise $1 billion for her presidential bid. will any of that money from wall street? first, to the left. spring officially starts at 6:45 p.m. eastern time this

afternoon. it does not look like spring right now. we have a snowstorm. all the way from philadelphia all the way up to boston. no flakes here yet. we have video coming in. look at this. snow accumulated early this morning. further south the snow is expect it to change to rain this afternoon. a total solar eclipse happening this morning over northern europe. that is when the moon passes over the side totally covering it. 1979. the next one to thousands 76. ♪

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risk free and get a document shredder free. call the number on your screen right now. the two week keep on going. not bad. the strong dollar, however is hurting tiffany. tiffany is down 3%. the parent of all of guarded reports higher profits. started hitting a fresh new

high. told to get out there and raise a billion dollars. gasparino is here. >> $1 billion. [laughter] >> i think that stewart's impression is better. stuart: if hillary gets any money from wall street, senatorial war and will jump all over that and say that she is just a tool of wall street. >> some liberals will. one thing we know about the clintons they show no shame. they will raise money for foreign government. they won't raise money for --

they will take a dime from anybody. it does not matter. stuart: if they raise a total of $8 billion we'll guesstimate how much of that comes from wall street. >> it is hard. the clintons show no shame. you will find more contributions they know every potential avenue of raising money. they have been practicing for years. if nothing else, it was like a warm up to this. you have all of these foreign governments. you know exactly where to look. it is all set. it is ready to roll.

they do not care. think about that press conference. the most loony to our that i have seen in a long time. she did not want to carry two blackberries. it was so stupid. yet, she did it. the crisis has passed almost. >> i will get a billion dollars. that puts any potential opponent off. >> the real question is, who on wall street would give any money to any democrat after they passed dodd frank. >> look at the top three contribute towards their. that is a who's who.

citigroup. goldman sachs. jpmorgan. jamie dimon. the banks really believes this. they think hillary will just have some lip service to elizabeth warren. make us look stupid for a while. then go back to normal. they believe that she will water down parts of dood-frank. that is their pet with hillary. both will water down dood-frank. >> if you missed the o'reilly factor last night you missed your chance. do not worry you have a lot of opportunities to watch this.

>> i was working in a bar in hong kong. >> they were fighting each other. >> yes. watching my miserable performance. they introduced me to the man that ran radio hong kong. ♪

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in n.c.a.a. basketball known as march madness in full swing. how does your bracket lower after this shot? a two pointer with pcs seconds left. check out the coach's reaction please. do you see this? i am not sure -- i want to see the coach's reaction. the shooter's dad, ron hunter fell off his chair after the sun did the bracket. he tour an achilles' tendon that sent philly state to the tournament. that is him, isn't it? carry him off. that being an die unless a's loss probably send a lot of your brackets into chaos but not mine. i picked them both. check it out on our face book

page. now please, more about me. i was on the o'reilly factor sharing stories about my early life. if you want to take a look take a look. >> i wanted a job that would she as much money as quickly as possible and working as a bus conductor was the way to go. >> did you have to wear a little at? stuart: yes. >> did you like taking tickets on these buses? >> it was rough. i was a bus conductor did they britain changed its currency from the old currency to the new decimal currency so i was handing out the tickets you had to take in the old money on your right hand side and hand out challenge with new money totally different points with your left hand. stuart: absolutely. it was cost. >> is that were you developed your witty repartee? stuart: it was so tough. that one day, february 15th,

1971. the whole currency change completely. imagine if that happened in america. >> i wasn't there. stuart: i understand that but imagine the chaos if you did that in america. all notes and quince cheese the look of them the feel of the and, the value of unchanged overnight like that. imagine. >> i have written a lot of women buses and never found the conductors to be particularly friendly people so i am sorry i missed it. stuart: i don't think you were even born were you? you were not. are we going to run some more of it? maria: khorasan hong kong click? stuart: i don't any videotape from my days in hong kong because of was on the above we have videotape from my early days on cnn, a competing network, the clinton news network. regulations from the fed's on fracking. the fans don't like fracking. new regulations flat out got it?

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opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. stuart: here's a come. any new rules for fracking on federal land. as of now we note this. they want standards for wells and standards for the disposal of waste water. pretty fair i would say.

in addition they will require companies to disclose which what kind of chemicals are used in fracking. mark marino is with us. i and divided on this thing. are these rules designed flat out to kill fracking by allowing the environmentalists and liz course to go to court and told all up? or are they a legitimate attempt to make fracking say for every one? which is it? >> i say it is the first step toward the death of a thousand cuts and the first 2 and 3 ended blades being introduced by the federal government. won't el fracking but some of the estimates are $100000 per well $345 million annually and the suspicion is the states officially regulate this and fracking companies have problems they would be sued into massive lawsuits, state regulators are on it this will impose

1-size-fits-all federal government's solution. it is only on federal lands now but it is the camel's nose and they stated they want to go after fracking. stuart: here is what stuck out to me. if you are going to do fracking you got to tell the fans, local regulators exactly which chemicals you are using and at that point i expect all the greenies to come along and say that chemical is toxic, even the most minute amounts, let's go to court and if it goes against and they will appeal it. everything gets held up forever. can you see that happening? >> yes. you're drinking water every compound and everything exists in trace amounts in our environment, you can always claim something in the compound. the colorado governor came to capitol hill to testify, he said he drank fracking water. is regulated by the states, mostly water and clay and a few additives they use in food.

the key is the agenda, obama's science adviser said in the 70s he thinks the energy, one of the greatest hazards to society. the more we get away from an economy based on energy the more jobs we will have. stuart: we are just getting their rules the official release of the rules now. one thing i got to add here is the rules demand higher standards for recovered waste. i guess that is another litigious element in these rules here. the other side of the koran is now you have standards, now you have got rules which can be applied throughout the united states and maybe that helps fracking. is there an argument be made in that direction? >> no because the fracking boom has happened because it is on private land with donors with private property rights making deals with companies and allowing this to go boom without federal regulators having their hands on it. that is why we had a major

fracking boom where they are projecting it to overtake:as the number one source of electricity. why the u.s. is becoming a world leader in this because they're going after the foundation of its success so i don't think that argument is going to apply. the energy secretary testified at a hearing he wanted to make quote, dirty fuel cart and based fuel three times more expensive. this is the first step toward that. obama has taken out call, they stop the keysine, prevented oil drilling in places like alaska. what is left? fracking. solar 0.3% of electricity wind is barely over 4% and the implication is we are going to replace carbon based energy with solar and wind at some point and it is in many many many decades away. stuart: i'd give it a century. the climate depot thanks very much. you have ten second. maria: these reservations on public and indian lands and that is a small fraction of where it occurs. we have to be clear to date is

not going to kill fracking for america. stuart: understood. you always dream in the out. later tonight neil cavuto exclusive interview with transcanada chief who wants to build the keystone pipeline. talks fracking with neil at 8:00 p.m. eastern on the fox business network. check the big board. you like this. stocks are near the high of the day up 191. big retail names and you know the man they are hitting pretty good levels some new highs burlington as in burlington coat factory, michaels stores a target, nordstrom, all of some higher today. see those green arrows? two dow stocks hitting lifetime highs lifetime highs nike and united health. look at footlocker also hitting a new high thanks to nike. charles payne recommended footlocker on his program two weeks ago. it is up 6%. now this.

we have 17-year-old with us intel announced her as the second place winner in their science talent search and she won $75,000. round of applause. for investigating how to help naturally enhance plant defenses to a eliminate the need of pesticides. she is with us now. i am loss of course. can i put this in layman's language? you worked on a way for flats to use their own defenses against pesticides. is that roughly accurate? >> almost. there is a pretty dangerous type of plant parasite, every year they account for $100 billion of damage and the only way we have to control them is toxic fumigation which is deadly to the environment to people and highly risky procedure. the really interesting thing about this parasite is when they

in fact plants basically proteins the shutdown of flat's success system. in my research identified one of these proteins and by genetically engineering plans to suppress the proteins we see a decrease in development of the parasite. stuart: you deserve $75,000. did you do this through school entirely or did you pursue this on your own time at home? >> i worked in an agricultural flat on the mentor ship of the phenomenal dr. horowitz and this is -- stuart: you must have shown real promise very early in life for this kind of scientific inquiry i presume. >> i started doing -- stuart: the answer is yes. that is terrific. >> i got interested in environmental studies. i started researching in seventh grade when i was working in my bed room on natural insecticides and made by insecticides from plants in my kitchen.

stuart: this is you. scientific inquiry is you. you can be 17 years old, this is you, this is what turns you on. is that correct? >> i am very interested in science. stuart: $75,000. you don't get that in cash. >> agusta the scholarship to college. stuart: which college to you have in mind? >> i was accepted to harvard but haven't made any decisions. >> this is mary kissel. maria: very well done. bernard: when you going to harvard? >> i haven't made a decision. bernard: when you have been accepted to harvard. would you consider turning harbor down? >> not sure. stuart: cambridge university in england. what is wrong with cambridge? congratulations. absolutely splendid. we take our hats off to you. you are all right. thank you for being with us. president obama preparing

another veto. this time we are talking unions and ambushed elections. we have that coming the too and starbucks handing out that newspaper. a cut in to a newspaper in today's you as a today all about race relations. you still want to talk race when you get your morning coffee? do you really?

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nicole: i am nicole petallides. the dow jones industrial average at 18144. the s&p 500, the nasdaq up 44 points wall street with all major indices up 1%, the nasdaq at the highest level, the russell hitting an all-time high. nike, intel, chevron, nike came out with the greatest sales numbers when stocks hit and all time high, 4.5% right now. and katie home revenue jumped 29% high order numbers offset lower numbers for increased construction costs. it is up the.4% antiphony the upscale jeweler in fact put up a strong dollar hurting their sales abroad. stock is down 3.5%. much more "varney and company" coming up.

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[music throughout] ♪because i love you♪ [announcer] this is my business. i believe in it. i live it and breathe it. i put my heart and soul... ...blood,sweat and tears into it. i run on quickbooks. that's how i own it. stuart: president obama's pen and phone comedy is expected to litter his fourth veto of his presidency and the second since the republicans won big-time last november. the president shooting down new rules that would have made it easier for unions to organize.

he is going to veto that bill that can out of congress. maria: killing the so-called ambush election rule. congress is interested in letting workers have more freedom, not less. obama is pro union and funded by a lot of labor unions, you saw that in actions he has taken and passed making it easier for unions to organize, easier for plaintiffs to sue companies etc. so in terms of obama blocking this -- stuart: he blocks it and therefore the old rule stands and unions are all-out to call snap elections with very little warning and the employer doesn't have that much chance to engage the work force and the discussion and obama says that is fine. go ahead. >> you look at obama his history funding of unions, he is i don't know what to say, he is -- he is -- stuart: he said he was going to demand is going to do it. starbucks. everyone is talking about their new campaign to start a dialogue

on race relations. writing race together orca and telling employees to engage customers on race relations. today starbucks is handing out a newspaper. i got it in my hand. they have a race questionnaire to fill out. senior fellow at the manhattan institute. >> it is another guilt gesture by white liberals more interested in making themselves feel better than actually helping blacks but more substantively, the premise of the conversation starbucks wants to have i reject and that premise is that it is racism that is primarily responsible for the black whipple what -- /white gaps down a list. >> that is the premise of the conversation they want to have. that raises and today is the primary barrier to black advancement, something i reject

out of hand. these black kids in chicago are not shooting each other due to white racism. black kids don't read half as many books and what twice as much television as white kids do to white racism. illegitimacy rate in the black community, are not 90% because of white racism litter is a conversation to be at about race but it is a conversation that has to take place among black people. you can join in, mary can join in but primarily this conversation has to take place among blacks. stuart: can't i have the conversation the way you are freezing it, the way you are positioning that conversation in a starbucks? i could. they don't welcome 9 but i could do that. >> there's a long and welcome tradition of white wealthy people helping the black underclass from building schools for the after the civil war, rockefeller, carnegie and so forth. starbucks's ceo wants to help blacks, promote school choice

give kids a ticket out of failing schools, get rid of minimum wage laws that disproportionately harm the black underclass, promote school choice which disproportionately helps the black the litter substantive things can be done. this silly conversation is not going to do that. stuart: i am tempted to go to a sell. a very tempted to. here's one more. for stephen a. smith he says every black person in this country should vote republican at least once. here is what he says. i will quote for you. what i dream is for one election every black person in america vote republican. i think he is saying black folks for two generations have voted democrat and it has not done many good. >> he is also assaying black plaid should take advantage of the two party system and they would get better political representation of they did. democrats know that blacks will vote for them or stay home so they take advantage of that fact. i think the other thing blacks have working against them is the

lack of out reach from republicans because republicans don't feel they need the black vote to win elections. stuart: the field if you address the black audience, republican politician addresses a largely black audience they will not be well received because they are white republicans. >> not so sure about that. there have been politicians chris christie in his reelection bid in places like camden did quite well with the black vote. we had richard riordan in los angeles in nearly 90s, those republican politicians that have taken time to go to these neighborhoods and introduce themselves, it has paid off and i would like to see more of that but stephen smith is absolutely right. the current situation is the democratic party is able to take the black vote for granted and that is not in the best interests of black americans. stuart: well said. always a pleasure. don't be such a stranger. see you at starbucks.

next jeff flock and monster trucks. jeff flock and monster trucks. what could possibly go wrong? >> trying to go through that, a lot of speed trying not to hit those. i got that, pretty decent if i could just see it this into a straight line and i got a world record run! yes! 80% of the poor in africa are rural

farmers. 96% of them are doing rain-fed agriculture. they're all competing with each other; they're all making very low margins making enough to survive but not enough to get out of poverty. so kickstart designs low cost irrigation pumps enabling them to grow high value crops throughout the year so you can make a lot of money. it's all very well to have a whole lot of small innovations but unless we can scale it up enough to where we are talking about millions of farmers, we're not going to solve their biggest challenge. this is precisely where the kind of finance that citi is giving us is enabling us to scale up on a much more rapid pace. when we talk to the farmers and ask them what's the most important thing. first of all they say we can feed our families. secondly, we can send our children to school. it's really that first step that allows them to get out of poverty and most importantly have money left over to plan for the future they want.

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stuart: truck sales booming. jeff flock is at a monster truck nationals outside chicago. i have learned to let you go. what is your report but? jeff: are you even talking? i have no idea. that is the laminate right there. that is currently the monster truck champion. he will crush your car just for you. i will show you the legendary big foot the first of the monster trucks, 30 years ago. wait a minute. holy christmas! >> i wasn't expecting that. >> that is the laminated and what they do with these shows

that was a crown fit just so you know, to our friends at ford, they don't make that any more. here he comes back again. was that supposed to happen? was that supposed to happen? whoa! whoa! whoa! whoa! i wasn't sure if he was stopping. >> good thing we got good breaks. jeff: contrives the big one. can i climb up in this just for fun? can i do it? i.t. will climb up here for fund. i am not taking it anywhere. this is how you get up in a big foot. and there we are. here i can. there you go. there you go. okay. i am glad. i got the steering wheel and there it is.

okay. jeff: okay. stuart: we better leave it at that. i was asking if i could drive one in manhattan but that is moot at this point. watch jeff flock at the big truck national flat throughout the day. he is going to be there throughout the day. elon musk the tesla chief sents a tweet the world goes crazy, i say he is a modern-day p.t. barnum. a lot of height. john layfield loves elon musk and he will have a go at me. herman cain joins us to talk about crony capitalism. google helps president obama get reelected gets a slap on the wrist for manipulating internet searches. mary doesn't agree with me. our two is two minutes away. the quietest or nothing. the sleekest... ...sexiest ...baddest ...safest, ...tightest, ...quickest, ...harshest...

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stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com . stuart: pt barnum called himself a show man. he knew how to attract attention and how that brought in a lot of money.

circuses, freak shows. in his day, he was the master of buzz. i think there are a few pt barnums around today. now perhaps i'm being a little harsh but elon musk seems to a barnum-like kind of guy. musk is the hyperloop guy and the tesla guy and spacex guy and always in the news. he's a modern master of buzz. headline in the "new york times" today, self-driving tesla car on the roads in the u.s. this summer says elon musk. the "new york times" took the story, so did we, he's good at the gee-whiz prediction that may or may not come true. that is buzz creation. monday this week musk tweets big announcement thursday. that got coverage a big announcement from tesla here it comes, tesla owners will get software upgrades for their cars via the internet. i'm not sure that is earth

shattering. this happens a lot. it gets buzz with pronouncements on batteries, reusable space rockets and hyperloop transportation. he preannounces building a factory and makes headlines. he is a buzz machine. that worries me for two reasons. are we in the media being played? i think we take his bait too easily, and do his gee-whiz visions bear out? that i'm not sure about. i know this. elon musk knows how to play the government. he lapse up those greaney tax credits and sells them for cold hard cash. remember what pt barnum said, i am a show man by profession, his biographer added this. his personal aim was to put money in his own coffers. yes, we will get to elon

musk. with a staunch defender of his in just a moment. but first look at that rally. the dow jones industrial average up close on 200 points. we've got highs all over the place. two dow stocks hitting lifetime highs nike and united health which has backed off a fraction. big retail names hitting highs too. burlington, michaels stores ross stores, target nordstrom, quite a few going straight up. nasdaq has hit a new 15-year high. look at the russell 2000 a new all-time high. the price of oil has gone to $46 a barrel as of right now, we're at $45.96 there's a technical reason, they changed the contract. that's not altogether a flatup run-up in oil. gas up a fraction overnight, $2.42 there goes my predictions of imminent gas price plunge. breaking news at this hour.

suicide attacks at two different mosques in yemen's capital of sanaa. the ap reports isis claimed responsibility. at least 120 killed more than 300 injured. isis is taking the credit and by doing that they appear to be very powerful. are they as powerful as they appear? who better to ask than the man who wrote the book on isis eric stefelback. we are told that isis is growing in power and influence in the middle east, and the latest episode in sanaa where they've taken responsibility, that adds to reputation of power. is it a little overblown? >> look they're not an 800-pound gorilla. isis has 30 to 40,000 well-trained soldiers but can easily be crushed. that's number one. we haven't shown the will to do it. we haven't crushed them militarily. they're expanding.

yemen algeria libya, nigeria egypt establishing satellites throughout the middle east and north africa that allow them to project more power frankly than they have. stuart: eric, their tactics are effective in projecting power. they've taken responsibility for the attack on the museum in tunisia and attack in sanaa with 120 dead in two mosques. their tactics imply real power don't they? >> they have power, i'm not downplaying the strength of isis. i'm saying we could crush them if we had the will in the u.s. but we won't. so in the meantime they're gaining in power absolutely, and the tactics in countries like tunisia, all of north africa having the radical islamic arc forming in north africa and i'm particularly concerned about libya right across the mediterranean from europe being a launching pad

for isis attacks against the west. stuart: you are saying they could be crushed militarily if we have the will. could they be crushed militarily without american soldiers doing the shooting and the firing? >> stuart, i don't think so i talk about it in the book, conversation with military strategist who said eric, we can't defeat isis with airstrikes alone. that doesn't mean we need a heavy footprint. think of 2001 in afghanistan, u.s. special forces, the cia on the ground directing the northern alliance. they were able to rap the taliban. i think we can do the same with syria and iraq if we get behind the kurd who are fierce fighters, who are pro american. stuart: will we? if we get behind the kurds, you don't think we're going to do this? >> in a perfect world, we would, i don't believe that president obama is going to budge before 2016. stuart: i take your point, but do the american people, the american voter at this point

would they prepare to see new casualties american casualties on the ground fighting isis. >> if they knew the stakes they would stuart. president obama has downplayed this threat. number two, to give you an example why americans should care what happens over there. james comey made a stunning statement, he said in all 50 u.s. states there are ongoing investigations into isis related activity on american soil. so the barbarians are not just at the gates, inside the gates and if the american people realize that they would want any means necessary to crush the terror movement. stuart: eric wrote the book, thank you for joining us. appreciate it. >> any time. stuart: we have an update on the outgoing congressman erin shock. he resigned in disgrace earlier this week. the department of justice launched an investigation into him looking into the possible

criminal violations over lavish spending and improper accounting. we're going to get more on that in just a moment. >> i was going to say quickly, great to see and you spend the hour with you. the amount of hubris that the congressman displayed among his colleagues doing the "downton abbey" themed office. it was ridiculous. stuart: a criminal institution absolutely. stuart: i want to get back to elon musk and tesla. perhaps i was a little harsh in calling him a modern-day pt barnum. john layfield was listening to us i know you are a big fan of elon musk tell me where i'm going wrong. >> a huge fan. i think steve jobs had a lot of pt barnum as well. the difference between steve jobs and barnum it wasn't a tom thumb or bearded lady he delivered. elon musk does the same thing. he's probably the greatest ceo we have in america right now.

he started up a space program from crash is which is more efficient than nasa. he started up a car program from crash is which his car tesla is the highest rated car in the history of consumer reports. elon musk has done things, installed projects that our government can't do because of their dysfunction. stuart: what do you make of making tax credits he trades them, he gets cash for them. i mean that means that his underlying finances are not quite as secure as perhaps you as an investor would like to see them. >> yeah he's been given a lot of credit for subsidies. loan guaranties for the financial crisis and a lot have been paid back. i'm on your side like i am on corn based ethanol that goes to farmers, it is not the farmers' fault that the government gives it to them. if he's the ceo and can get

money from the government because the government doesn't know what they're doing, i think it's his responsibility to do that. if the people giving it to him are a problem, not elon musk who legally gets these and creates jobs. remember during the stimulus bill, we gave a lot of money to lithium battery companies, some got the money and moved to china. in elon musk's case he's getting the money and building here in the united states. stuart: i want to ask you about nike, if a stock hits a high it might go higher still, that's your investing style i think? >> a bit. i do like companies that get on a roll. i like nike. they do great things around the world. i own under armour it has more room to grow and skechers has more room to grow. nike at a high they're doing everything right. the strong dollar has hurt them quite a bit.

without that they'd be better. i think people are looking through. that i would rather own under armour right now, which i do. stuart: i got to tell you, john, it has just started to snow in manhattan, on the other side of that window it is beginning to snow. i'm going to say for the umpteenth time go back to the beach in bermuda and enjoy yourself. >> thank you, stuart, it's 70 degrees hate to tell you that. [ laughter ] >> we might see you again. thank you very much john layfield. good stuff. google, i'm calling this maybe a little harsh, crony capitalism. the government wants to produce google as a monopoly then backs off. just so happens that google's eric schmidt helped president obama get re-elected. is there a connection? is that crony capitalism. laurie simonetti give me the full story, please. >> reporter: a report that is shocking this morning. google skews search results to favora its own sites, stuart

that's coming from the federal trade commission evidence that google boosted own shopping sites, travel and local business sites at the expense of rivals and does d this for years. the ftc wanted to sue google for antitrust violations, it would be one of the highest cases since microsoft was sued in the 1990s. they ended that investigation in 2013 shortly after the president's re-election after google agreed to some voluntary changes to its practices. stuart: look, i can't establish a direct connection between google and eric schmidt being helpful to president obama's re-election campaign. i don't know if there's a tangible connection between the two. i'm simply staying looks like crony capitalism, that's what i'm saying. >> schmidt and obama have been buddies for years, and google under fire for years by competitors and regulators in

other countries for monopolizing the market for skewing search results. you can put them together? you can, but i'm sure google disagrees. stuart: herman cain i'm going to ask him the same question in 20 minutes from now. thank you so much. >> thank you. stuart: not looking good for chicago's mayor. rahm emanuel, why john stossel says that city is the next detroit? whoa. 12:50. powerful stuff. and a home from magnum p.i. sold to a lawyer with ties to president obama. lots of speculation around this story. we'll discuss it 12:24. and next the faa says amazon can test drone delivery but it's putting so many regulations around it might be dead on arrival. here's what could be around the corner, aircraft carriers in the sky that military drones? could become a reality and we're going to deal with it.

. stuart: whoa! just look at biogen, positive results for alzheimer's drug. up it goes taking other biotech companies up with it. the price of oil as of right now is around $46 per barrel. new rules and regulations for fracking which produces oil and natural gas came out this morning. climate depot's mark moreno joined us last hour. >> stopped keystone pipeline preventing oil drilling in alaska. what's left? fracking. solar is .23% of electricity. swindbarely over 4%, and implication is replace carbon based energy with solar and wind. stuart: it's not going to happen. all right rich edson is in washington. rich, what will they make me do if i want to go out there and frack? >> i didn't know you were interested in recreational fracking, stuart. stuart: yes. >> this is very exciting.

listen, if you plan on moving your fracking operation from the state of new jersey, say to federal land, if that's in your plans, you must adhere to the rules. build your wells with concrete barriers. disclose the chemicals you use to extract the natural gas and have to follow new guidelines for storing the waste water. the petroleum industry contends rules are redundant and expensive. the administration contends the cost of regulations equates to one quarter of 1% of the cost of drilling a well. happy fracking. stuart: yes, but environmentalists will take a look at one of the rules and see where they can nitpick and go to court. that would drag out the fracking process, the approval process and kill a lot of fracking possibilities. now i'm asking do you share my opinion on this? >> well stuart, what i will say is that these issues of environmental sensitivity

usually end up in court, and wait to see what the environmental folks have to say. it's one of the things where you can't make anyone happy. the petroleum industry isn't happy environmentalists aren't happy. stuart: rich, thank you very much indeed. amazon gets permission from the faa to begin test flights on a fleet of delivery drones. there's a catch. amazon can only fly them during the testing period below 400 feet, must be within line of sight and the person controlling the drone must be a licensed pilot. come on in. brian hearing, the co-founder of drone shields that is a company that makes drone detection technology. first off, these rules and regulations for amazon drone testing, they really do, they put the idea of drone deliveries out of reach? >> not really, amazon and the federal government have been in a struggle how to deal with this for quite some time. this is a compromise that the faa feels will enable to get

amazon started. we think more onerous as they develop new drones they have to reapply each time to qualify each of the drones, that is not tenable in r&d project of this size. stuart: you know all about the drone business a waytor futuristic for us. i read an article in the "wall street journal" two days ago and said the pentagon the military is work on a flying, flying aircraft carrier that can release a fleet of military drones. now that's a real -- i don't know what that is on the screen, i don't know whether that thing is flying out there or not. but that was the idea, and the military is working on it. aircraft carrier in the sky would fly around forever and release 20,000 drones to go and attack somebody. is this really far-fetched or a possibility? >> no it's not a big deal in my opinion maybe i've been on defense for too long. you can go on amazon and buy

these for 500 bucks, the only distinguishing characteristic of this is potentially the drone would return to the aircraft carrier it doesn't make sense. these things are disposable. i'm not sure what the intention is. stuart: the future of flying is drones, isn't it? >> definitely unmanned movement has been a long time now. stuart: what happens if you get a fleet of commercial drones and they have the cameras on them, doesn't that amount to the kind of mass surveillance on a huge scale and the police maybe could speent video from some of these drones to find out what you're up to. is this so futuristic that it's not going to happen? >> that definitely isn't, and a secondary effect that people haven't explored. we've seen the police subpoena records from private cell phone networks. they can do it with drones they could subpoena that record. so the difference is you don't

have to carry a cell phone, but with the drones recording your house and backyard, you will be subject to that surveillance. stuart: real fast, what do you do? what does your company do? you detect where the drones are? >> detect a warning that tells you where the drones are, if you want to get inside, you have plenty of warning. stuart: no such thing as a stealth drone yet not detectible? >> at least available commercially, but we listen for the sound of them and sound unique they don't sound like anything else. it is really unique. stuart: not on rad snar. >> this is the model that flew into the white house, and that was not picked up by radar or the radio frequency detections. >> i think you're in a growth area, young man. i really do. a market for your product. >> thank you very much. stuart: brian thank you for joining us. >> thank you for having me. stuart: this house from the famous tv show magnum p.i. sold

to a lawyer with connections to president obama. is this where the first family will end up after the white house? ♪

. stuart: this is the hawaiian mansion where the detective show magnum p.i. was filmed. was the owner president obama? cheryl casony? >> 8.7 million dollars, it was just sold to a firm in chicago. it's a brand-new entity if you will. but it was set you will by chicago lawyer who is a big supporter and good friend with the president, and the deed and the lease was signed by an employee of a private equity firm also run by a very close friend and political supporter

of president obama. now they go to hawaii every year for vacation. we know they've looked at properties in california. he likes to golf. all the different things. the house itself is in disrepair. it's magnum p.i. house. stuart: that's the one. >> you it's a legend. stuart: you had a crush on tom selleck? >> of course i did. he was amazing. stuart: there he is gun handling. >> he blows up things, he's amazing. stuart: the mansion where that was filmed is possibly, possibly reading the tea leaves going to be the home that president obama occupies after the white house. >> yeah, it's five bedrooms six baths. stuart: look at that. >> it needs a lot of work. stuart: thanks eric schmidt, he threw google's big computing power behind president obama's re-election campaign. is that why google got a slap

on the wrist when some government lawyers wanted to throw the book at him?

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stuart: you are looking at a rally. the price of oil. $46 a barrel. they changed the contract month. cass of a fraction. $2.42. my prediction of a plunge has been decimated. the cheapest gas in the land. alabama. what about me and my life before television? i was a guest on the overheavy

factor last night. wanted. tv newscaster. i applied and i got the job. it was an ethnic channel. >> already. and then you work your way up, as we all did. >> feeling great. look out when you were junk. >> you were on o'reilly. >> you and i both went through that city and our careers. >> it was there at the same time. you did like those --

>> obviously those were wonderful pictures. stuart: was the hair real back then? what happened to it? all right. thank you for being so nice. google getting a pass from out of obama administration. they packed off. google eventually received a slap on the wrist. i was going to call that crony capitalism. am i wrong? i have no proof that google got a slap on the wrist.

there is no proof of that whatsoever. >> i think that it is solid speculation. what we know about this administration is that crony capitalism is in so many corners of government and some businesses that we cannot trace them off. i support your speculation. >> various administrations have said look, microsoft was a monopoly. they basically ruined and in many ways. i do not understand why google was such a high monopoly position in the search business. i have to ask you this question. starbucks. they want to talk to you about

race while you get your coffee. godfather's pizza. which you have your delivery people talking about race with your customers? >> no. they have brought us drive by race relations. do not believe it. it does not work. that is like me saying i want to go talk with my auto mechanic about brain surgery. it makes no sense. this is not something that people want to take time for. i think that the idea is a good one, but he takes the wrong tactic. race relations in america ought to start with you and the people

around you. that is where real race relations ought to be discussed. stuart: did you think it was a good or bad business decision? >> i think it was a bad business decision. getting into social issues or political issues. they do not want that from the places that they go to do business. i think a lot of people are going i all most care. what you think is the state of

race relations in america today. >> i think that it is great. they have tried to define race relations based on those incidents that happened in ferguson missouri, new york and others in the country. they are defined by people's everyday interactions. it include all races. it is much better through the lens of the media. is there still room for improvement? yes. i would say overall relative to where we were, i would say we have come a long way. i would say race regulations are in great shape. stuart: herman cain.

always a great guest on bondi and company. >> i am an ethnic broadcaster on the radio. thank you for clearing that up for me. >> i did not call you an ethnic broadcaster. >> i know you did not. i am calling myself. >> all different languages. [laughter] >> you are not in trouble. i am ethnic because i speak one language. stuart: herman cain, everybody. breaking news coming from the white house. there is no evidence so far

linking today's attack in yemen to isis. the white house says, so far no link. they are investigating whether there is a link. here is a question for you. would you trust a 17-year-old hedge fund manager with your money. we will ask. tonight, strange inheritance with jamie colby. it starts at 10:00 o'clock eastern. this one is all about a mystery. a $3 million nickel. >> she had a box of items in her closet. i got the box out. the nickel was there. >> he places it on his nightstand.

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2000. energy is the best performer today. oil is higher. transocean up five and a half percent. darden that is the parent of the all of garden, that is at a high today. we have the s&p shuffle after the bell today. joining the s&p after "the closing bell." ♪ [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business

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>> following a developing story from yemen. 120 killed. 300 or more injured. isis has claimed responsibility. there is no evidence yet linking isis to this event. isis claimed responsibility for both of those attacks. bad news for underwater homeowners. cheryl tell me what is going on with this. >> this could be the new normal. stuart: that is where they owe more money on the mortgage and the house is worth.

>> absolutely. values were up almost 6% in 2014. how do they have a national housing market going up in value? >> there could be a wage hike here stuart. those are the ones that are most likely to be in for culture and foreclosure. we should not be seeing this. all of this was compelled in the fourth quarter. they are saying that this may be the new trend for the year. stuart: that is where the problem is. higher value homes problem going away.

>> i am talking about these small homes. these are areas that are just now coming back. stuart: this is very bad for the whole economy. back to your money. welcome to the program. we are intrigued that you are 17 years old and you are handling quite a lot of money. we want to know where you are putting the money. are you placing big money on stocks? >> one thing i trained in particular is options. i think obamacare could really that healthcare stocks rip. >> if they pick away obamacare the supreme court says no

subsidies in those states. you think that will put healthcare stocks going straight up. >> these healthcare stocks are paying lawyers tens of billion dollars a year. if the supreme court can slowly take away this flaw, you will see these healthcare companies rip. stuart: you are 17 years old. how much money are you managing? >> i can tell you it is a substantial amount of assets. >> a record to bring in outside investments. >> friends, families teammates from football. i am currently receiving interest from investors all over the world.

the fund is really growing fast. >> i think that age is not so much the issue.d to have a personal computer you had to be superrich. that is what i am here to do. >> you will change the whole investing world. >> that is what i am going to try to do. i think that people agree with me that it is time to get some young minds in this game. stuart: can you tell me how much you have made on your fund in the last 12 months. >> that is your original

investments. >> there were investors that came along. they would make roughly half of that. >> all right. thank you for joining us. i am sure that you will feedback. good luck to you. see you again soon. john stossel. ♪

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stuart: let's be contentious shall we? john stossel says yes. >> chicago the new detroit. >> the president's hometown of chicago has the next possible bankruptcy. >> pay to play. >> pay to play. >> it is policy. it is racist.

>> when you say contentious things like that, you have to bring the man himself right in here. that is a pretty contentious thing to say because chicago is the largest link. >> columbus, ohio and philadelphia 700,000. that is where detroit was about 10 years ago. they are making no plans to raise money for cuts of pension. they are on the track to bankruptcy. stuart: out of hand. that has not been performed.

it cannot be paid. >> there is a money pump. takes the taxpayers. they give it to the unions. the unions give it back to the politicians. so what if they are unsustainable. >> doesn't illinois now have a republican governor. >> he is refreshing and he is talking a good game. chicago, a man you well did a few good things. he did nothing. practically nothing to address the pension crisis. >> it is almost impossible. it is so big. you cannot raise taxes enough to pay all of this stuff out.

>> you could give them a 401(k) instead. they will not accept for paying for some of the other healthcare either. stuart: when does the crisis come? >> at some point it stretches until it breaks. you cannot pay the bills a bankruptcy judge came zen. stuart: how far along are they? it is going to happen? >> it is on track to happen. stuart: why doesn't president obama bail out his second hometown? >> i am sure he would like to. he would like to bail out all of his democratic brand cities. stuart: unbroken. >> 84 years.

stuart: say no more. >> stossel. 8:00 o'clock. fox business network. stuart: we will have more varney for you after this. ♪

>> i see that it was a business decision. it will say to some customers that he is trying to utilize his very large retail platform to try to get into social issues or political issues. stuart: there you have it. he says it was a bad business decision. quickly to the market. the dow is now up to hundred three points higher. take a shot, please of 48 street

right outside our studios. you can see it. it is snowing. spring does not begin until 6:45 p.m. eastern time this afternoon. deirdre walton. deirdre: make you very much. your next package may soon be delivered from above. apple, one step closer in its mission to go head to head with satellite and cable services. we will tell you what it means for the future of tv. hbo and showtime want to cater to you. they are asking special permission treatment for their cable services. getting groceries delivered by a drone becoming more likely. allowing amazon to use drones for research development