tv Varney Company FOX Business June 9, 2015 9:00am-12:01pm EDT
9:00 am
markets. sandra: the german stock market continues to react and everything out of greece and also the prospect of us raising interest rates here so the dax in correction mode. will the u.s. go there? deutsche bank says it is. maria: sandy, dagen, great show. "varney & company." stuart: on the verge of a biotech break through. hope on the heart attack front. good morning, everyone. the governor decides whether to use new cholesterol drugs. biotech created them and you inject them and they have fewer problem side effects. chrysler wants to merge with general motors. we gave chrysler away to fiat of italy and we bailed out gm. now fiat's chief says there are too many factories producing too many cars so consolidate. it's june the 9th. are you getting worried about a june swoon for stocks? it's supposed to be the worst month for investors and yes, we may open just a little lower again today.
9:01 am
we're not quite done with american pharoah, the winning jockey is with us and he will give his winnings to a children's charity. there's a good way to start the day. "varney & company" is about to begin. ♪ ♪ but when i see you darling ♪ >> i'm not quite sure, but i think a little john lennon never hurt anybody. the new isis outrage. and please say tax cuts. and what's with the presidential press conference. we're talking with the man who is building small houses tiny
9:02 am
houses, mobile homes for homeless people and $500 each and you can move around every few days. he's here. at in new york with me today. cheryl casone and benji, the scourge of obamacare. the fda is set to approve new cholesterol drugs that could, quote save many americans from heart attacks. that's a hopeful medical headline. you have the story? >> it could be potential big business. 15% of americans take statins, 15%. the new drug ingestible, but if it's approved heart doctors are going crazy about this drug. it could take away the bad cholesterol the ldl cholesterol considered bad in your heart. it's a little more difficult to take, but it's a biotech drug. it's going to be very expensive though. we're going to say about $10,000 potentially on an annual base ises--
9:03 am
>> per year. >> and you would have to take this obviously, for the rest of your life. but, you know the word is that, look think of what bad cholesterol does. it's known to cause strokes and heart attacks. the leading cause of death and in the united states this has a lot of potential. the fda's got to approve it. we shall see. stuart: and doctors are hailing this as a way of preventing heart attacks? >> cardiologists are jumping up and down about the new drug. one of the most exciting things with regards to heart treatment in decades ton honest with you. stuart: it comes from the biotech guys not the old line traditional drug companies. biotechnology, a break through. >> there's a sector you can buy with biotech stocks in them. it's always a risky investment to be frank with you. they can spend millions in r & d and fail and then you have a blockbuster like this potentially that gets approval and boom your stock went right up. stuart: obviously, we're going to check the stocks today.
9:04 am
now this is not exactly a june to remember at least not so far for stocks. the markets are limping along and by the way, the dow is negative for the year. we're probably going to open 10 to 15 points lower again today. now the market that's moving this morning is oil, up a buck 33. about over 2%. getting back almost to $60 a barrel. the price of gasoline it's down a little. 2.74 is your national average. okay. chrysler wants to merge with general motors and guess who they are using to get that merger going? hedge funds managers. adam shapiro is here. there are two stories, one, about too many factories making too many cars and two, hedge funds fact-- tactful acting like investment banks. >> they've had success in lobbying mary barra buying back
9:05 am
8 million in shares and settled on 5 million. sergio mark chony, he is going to the hedge funds, sergio marchionne and they're wanting to do a merger with chrysler. according to marchionne there's success in europe and duplication in engineering and technology across several of the brands. bottom line as i wrap up they could have done this in 2005. remember, fiat forced gm to pay them $2 billion because they were going to do a merger, but then gm backed out. so there's some bad blood between the two because that $2 billion payout to go away. maria: not enough bad blood to stop them from getting together. stuart: at his press conference president obama had this to say about the supreme court's pending ruling on obamacare subsidies.
9:06 am
roll tape. >> this should be an easy case. frankly, it probably shouldn't have been taken up and you know, since we're going to get a ruling pretty quick, i think it's important for us to go ahead and assume that the supreme court's going to do what most legal scholars who have looked at this would expect them to do. stuart: you know that was a kind of rambling attack on the supreme court actually and the president went on to put all of his eggs in one basket. if the supremes say no to subsidies there's no backup plan. obvious question what happens if the supremes say no to subsidies. former lt. governor of new york and the author of the scourge of obamacare book that's the question. if the supremes say no these states may not offer subsidies for obamacare health insurance, what happens? >> the good news there are many more winners than losers.
9:07 am
biggest winners who are expected to fund 835 billion for subsidies the next decades. other big winners, employers who will be relieved of the employer in 37 states it's toothless without subsidies and also job seekers because employers will be free to raise the number of employees in their firms and put more part-time workers back to full-time status. biggest loser? insurance companies. this is a sweetheart deal for them. here is a law that requires consumers to buy their products and tapes to subsidize it right? what could be better? so they're the biggest losers their stocks have doubled, tripled quadrupled since the law was passed in 2010. stuart: obamacare guarantees them a marketplace and the tapes have to subsidize it. >> they're burning up the phone lines in washington wondering where the bailout is going to be for them.
9:08 am
stuart: i assume there will be chaos. >> no, let me explain why. first of all, the court has the power and generally when they're going to make a ruling that quote, could be disruptive or make changes, they allow everyone time probably till the end of the year before the effects of the ruling would have an impact. second-- and alito made that point during the oral arguments. samuel alito. secondly republicans made it clear that they have plans to provide a bridge financing, subsidies or tax credits for people currently under obamacare. stuart: you can wind it down. >> except for insurers. >> the insurance companies don't want that. the same insurance companies that for next year want to raise their rates sometimes by 30, 35%. good for them and bad for us. >> you just said it cheryl bad for us. stuart: there's no chaos in the winding down period, but
9:09 am
surely, that rams a hole in the middle of titanic obamacare. >> certainly does, but good news for the american public. stuart: but it would end obamacare over a period of time. >> that's right. a major issue in the 2016 presidential race. stuart: the scourge of obamacare, here she is. would you stay there for a second and hold on betsy. a lot of corporate headlines, lauren has them. >> i do. europe's biggest bank is cutting jobs. about 50,000 from hsbc. the reason is they want to focus on asia and save 5 billion in annual expenses over the next two years. they have been stalled by high compliance costs, low interest rates and the slowdown in asia. how about this? hey siri i'm going for a run, play me the top ten. yeah, that's what you can do when apple releases apple music. the knew streaming service between 10 and $15 a month.
9:10 am
you'll get music downloads, streaming radio and content with a way to interact with artists directly and pre-loaded on the iphone built in marketplace. and a big win for nestle -- for netflix. and they've acquired a movie with brad pitt. it's only in a small amount of theaters. your best bet is netflix. the biggest investment on a movie $30 million. stuart: i can see movies leapfrog the cinemas and going to netflix. >> one of the biggest stars, brad pitt. >> in a few theaters. and the epa said that fracking is not affecting drinking water. and betsy mccoy, far from being
9:11 am
the scourge of obamacare, she was the former lt. governor of new york state. i'm saying this you obviously know new york state politics from the inside and out. >> oh yes. stuart: the epa says no evidence that fracking leads to widespread impact on drinking water in america. >> this is the most thorough and extensive study ever. stuart: will governor cuomo turn and-- >> i can say this. upstate new yorkers were clearly fracked by their governor. he was playing to the left wing environmentalists and buffalo and rochester are the third and fourth poorest cities in the united states. you go across the border to pennsylvania and you see thriving economies. people in new york were artificially put into poverty by this governor. stuart: by the way, betsy, throughout the show today. we have people lined up to defend my honor about this roll tape. >> bad for public health.
9:12 am
stuart: i'm wrong about lighting the tap water before fracking? >> you are. >> i did it myself. i did it myself. >> i believe you're lying right now. stuart: lying? >> the interview is over. [laughter] don't mess with that man. >> fresh off the bus, okay we're going to revisit that each hour of our three-hour show. then we have this. isis taking more christians hostage in libya. still president obama says there's no strategy to deal with these radical islam terrorists. and colonel peters calls it accidental honesty. >> accidental honesty, after all of these years we don't have a strategy and we don't have a strategy and the reason we don't is not dilatory behavior in the pentagon because obama wants the impossible.
9:13 am
he wants to defeat the islamic state, but he doesn't want to hurt anybody. the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here.
9:14 am
the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. when a moment spontaneously turns romantic why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in
9:15 am
blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. ask your doctor about cialis for daily use. insurance coverage has expanded nationally and you may now be covered. contact your health plan for the latest information.
9:16 am
>> i want an update on that prison escape. it looked like it was straight out of a movie. adam shapiro has got details now. a couple of new developments. what have we got? >> let's start with the biggest. remember, the governor talked about this person of interest. they're not calling her anything particular, but this woman who worked at the prison who's been questioned. her name is julie mitchell-- joyce mitchell rather. 51 years old and worked in the industrial training department of the tailoring section and she was an industrial training supervisor. she's been questioned. the new york daily news is saying investigators have gone through her garbage and yesterday governor cuomo said someone on the inside might have helped the two men, the convicted killers escape. she's now the person identified as the prison employee they're talking to. no charges against her. two men remain at large and there are 350 leads leading to
9:17 am
them. fox news reporting there's a getaway car waiting to meet them at the manhole cover. the person driving the car never showed up. so they believe the two suspects may still be in the area. stuart: they're still on the loose that's the story. isis have captured 88 christians in libya. governor scott walker will not rule out what he calls another full-blown inflation of iraq. president obama does not have a strategy on isis. here is republican congressman kevin young of kansas who joins us in new york. welcome to the show. >> thanks for having me on. stuart: let' get straight at it. what would you do with isis? >> we need to use all force to degrade the threat. the plan has no plan moving forward. stuart: all the force nests. >> we need strikes, ground troops if necessary. stuart: how many? >> i don't know the answer because we don't have the answer to that. stuart: governor walker says he would not rule out what he
9:18 am
calls another full-blown invasion of iraq. would you rule it out? >> look we're serious about the threat that isis is bringing or not. right now we're talking nibbling around the edges. we need to go full force in order to degrade the threat and that means air strikes, troops if necessary, but what we really need and what the country wants and congress needs is a plan from the president. the president needs to work with generals needs to work with the pentagon and come up with a plan and present that to congress. stuart: do you think that the american people are prepared to send a lot of men and women into combat fighting in that region all over again? >> i don't think they're prepared today because i don't think the president's made the case as to why this affects their national security, but the role of the commander-in-chief is to be a strong and decisive leader. what congress is asking for is the president to make the case of the american people. he's over in europe doing press conferences and telling the folks there that we have no strategy. that sends really bad signals
9:19 am
back to america and tells isis to not worry about what the united states is doing in response. he's sending the wrong signals. stuart: the republican party could be known, demagogued as the war party, you could say that. >> well i think the republican party is the party that puts national security at the top of its agenda and we know this president and administration has not done that and risks the safety and security of all americans. i think that americans are becoming more aware of that as they see the captures and the beheadings and when he says he has no strategy americans are nervous about that. stuart: you're from kansas and represent your constituents in kansas, are they concerned about isis? is it top of their list of priorities? is it the economy, immigration, or isis go get them. >> i think there's a growing concern we're not strong enough
9:20 am
with regards to isis and could have an impact on us at home. stuart: thank you, congressman. >> thank you for having me on the show. stuart: if you watched the show yesterday, i got into it and it got intense. the full clip after the break, you've got to wait. ♪ ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. if you can't put a feeling into words, why try? at 62,000 brush movements per minute philips sonicare leaves your mouth with a level of clean like you've never felt before. innovation and you. philips sonicare.
9:24 am
>> i've got this coming in from general motors. the ceo mary barra says she has the support of the board to reject a merger with fiat chrysler. got it. if you were not watching "varney & company" on monday you missed my heated interview with a producer of the anti-fracking movie "gas land". the epa says it poses no widespread risk to drinking water. listen to this. >> i'm wrong about lighting the tap water before fracking? >> you are absolutely-- >> i'm not wrong. i did it myself. >> i do believe you're lying right now. >> lying? >> yes, i do. on your own show-- >> young man, the interview is over. stuart: it went on from there, too. sandra smith is here. now he called me a liar because i said that before fracking was heard of in down
9:25 am
state new york fracking has nothing to do with it you could light the water. >> and that you're a liar. >> i am not. >> they can use anything from the epa to work in favor of their argument. the second it came out against their argument it's useless right? >> that's right, the epa says we did not find evidence that fracking leads to system impact on that and that's a result of the report and he says the epa doesn't say anything of the sort. sandra: an emotional debate you stood your ground and it's good tv. >> a little uncomfortable onset for me he kept looking at me thinking i'm going to save him and i wasn't. he defended himself. stuart: you did very well. the dow industrial average in negative territory for this calendar year. a lot of people talking about a
9:26 am
9:27 am
you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. do you want to know how hard it can be to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours.
9:28 am
spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva respimat. discuss all medicines you take even eye drops. if your breathing suddenly worsens, your throat or tongue swells you get hives, vision changes or eye pain or problems passing urine stop taking spiriva respimat and call your doctor right away. side effects include sore throat cough, dry mouth and sinus infection. nothing can reverse copd. spiriva helps me breathe better. to learn about spiriva respimat slow-moving mist ask your doctor or visit spirivarespimat.com new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years.
9:29 am
9:30 am
tree into there you have it. the u.s. world cup team won the opening day. they took australia appeared the u.s. played sweden by the way on friday. the opening al is five seconds ago. they are bringing the belt now. they start trading as of now. a first indication of where we go in the market. it is tuesday morning and we are opening ever so slightly lower. we are down a slight amount. joining us sandra smith cheryl casonea, hilary kramer ann scott shall it be in chicago. first of all look at netflix. a lot going on with this stop. the shareholder meeting is today. there is a possible stock split and it's bought the rights to brad pitt's next movie called war machine. they are going to bypass the movie theater industry almost entirely go straight to not let. hilary kramer.
9:31 am
closer an all-time high. are you going to buy this? >> that is a momentum play in is going higher for good reason. there is content and content is king. seems expensive but the reality is is going faster than the international market continuing to outpace and bring in subscribers. picture into a juicy $900? >> i do believe that. dreams do you don't get nervous? >> remember, you have companies like png at a 52 week low. tide and pampers. everything switched on its head. companies like netflix going higher. stuart: all right hilary. good luck with that one. we don't show you charts but that markets are nonnegative for the year. deutsche bank is added to the chorus for a 9% drop to the s&p
9:32 am
500. come on in scott. what do you say? are you going to be mr. doom and gloom for stocks this june? >> i think it is already doom and gloom for stocks. we are down on the dow less than 1% higher on the s&p. we still have folks save the jobs are great and one of rate hike. those two things are diametrically opposed. hsbc announced in 25,000 job cuts. where is the good news demanding all these people at the rate hike rhetoric? i don't see it out there. the stocks will struggle all year long. because of how will europe will do but in the year around these levels. trade to sandra come into the summer? sandra: what more do you ask from a stockmarket dependent on the federal reserve doing absolutely nothing with interest rates. the second day raise interest rates are in a whole new environment.
9:33 am
is this a stock market risen on solid fundamentals? anyone investing has to ask themselves the question. cheryl: i think it is going to be more of a june flat. we will go down a little bit. >> the market is going to go higher. i have an absurdly artificial environment. stock buybacks and shareholder dividends. it can go higher. two more years than investors shouldn't miss out. stuart: ladies and gentlemen a brave lady. $900 a share for netflix in the market goes higher this summer. stay right there. more from you. more at general motors. the ceo mary barra centering e-mail proposing a merger and that was vetted by gm. there is no plan for a merger. look at apple now announcing a new streaming service for 10 bucks a month. that is hitting rival pandora
9:34 am
stop. pandora took a hit yesterday downward today. back to those cholesterol drugs. regeneron has been halted. what is going on? >> good morning, stuart. these are pertaining to cholesterol. the other two stocks to watch. a sickly more than 73 million americans suffer with bad cholesterol. many of them take lipitor and chris store. some people can't take those. this is a new development the best we've seen according to the medicine professionals. this is the best we've seen since the 1980s. this is moving forward for approval. injectables could cost $10,000 a month. these drugs cost less. so that is where we stand with these. it reduces your ldl cholesterol the bad time to reduce strokes and heart attacks.
9:35 am
stuart: nicole, thank you very much. the dow down a fraction overnight. the average is 274. scott i want to know if i'm going to see the grass price -- gas price plunge i've been predicting. >> ulysse gas prices go lower. every time i start to drift lower we get more and more talk about our refineries going offline. 60% were put off line in the latest opec actions. ask the percent that is down to $45 a barrel. we've got more efficiencies coming to market. i think the cap is going to be 6065 and slowly but surely drive lower towards the end of the summer. stuart: scott sander what are my chances of the much lower gas prices this summer? sandra: and will take a lot but it will work towards energy independence. the energy situation is drastically improving.
9:36 am
you already see oil prices nearly half what they been for so long. enjoy the lower prices currently out there. i'm sure you're not paying attention to the pennies. stuart: i do and i am. you are telling me don't be greedy. that is what you're saying. sandra: 60 bucks is better than 120. stuart: i want $1.99 and gasoline. stop laughing. i can hear you there. $1.99. this story is not for you, scott. look at lulu by men making money. they are really shelling out hundreds of dollars for yoga pants. i better go to sandra. >> what you just said to scott was not very different from what the ceo said a little while ago back when the ceo made comments
9:37 am
about how their yoga pants are for everyone alluding to the fact you have to a particular site autumn to wear their pants. it was sorted that it was the tipping point with the see-through pants. recovered all of this on your show. i was sort of the tipping point for the company. they never fully bounced back from that. it's been a rough road for a lot of competitors. >> a lot of this is true but the stock is up more than 10% and they just upped their guidance. they are giving a better guide in vain sales will improve with more international market. menswear lululemon at the international market in menswear. stuart: can you put god back up on the screen. i have an admission. on three occasions this calendar year i have been to yoga. i just want to make that very clear. i probably won't go back. >> that's very good. stewart come at the risk of
9:38 am
disagreeing with you on the show i want you to know the next time you have an unruly guest i will donate to protect you from the people and be your entourage or posse and make sure nothing untoward happens. stuart: you are a good man. you are a, very good man. the obama administration opens the door for more student debt forgiveness. cheryl: basically fraudulent recruiting. if you can go to the government did say you a victim of fraudulent recruiting for one that went bankrupt you can get your loans forgiven. this could be $3.6 billion in student loans. it could be forgiven by the government. stuart: he is blaming the colleges blaming the college's thing you enticed these kids to take these loans. surely that could be replicated elsewhere with other colleges. cheryl: absolutely occurred. it is killing kids, killing parents as well financially.
9:39 am
the administration knew they had to do something about it. college costs are not going down. frankly this particular case might be a better answer. stuart: hilary kramer we have 30 seconds left. you told us there's a stock market move up this summer. netflix goes to $900 a share. do you have any more suggestions or audience would love to hear? >> yes, the banks financial institutions. we are pricing not in right now. you wouldn't be in companies like citigroup jpmorgan, goldman sachs, even the investment banks. stuart: these banks make our money for interest rates rise. >> counterintuitive but true yes. stuart: fine contribution to the program today. you might be back. we have two headline gas at our
9:40 am
11:00 hour. victor espinoza is going to give a lot of money to a children's charity. what a guy. he is here. at 11:00 fox news special reports brett bair the washington d.c. show on politics in america. his take on president obama's news conference. i say he was a lackluster performance. the dow is up three points. not much. not exactly june. you're obviously right. another update on the clinton's finances. turns out they gave $100,000 to "new york times" charity fund to say near the newspaper endorsed her. full details after this. also apple launching a new music screening service. can they reinvent another industry? ♪
9:41 am
the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here.
9:44 am
stuart: the clinton family foundation which is a private foundation run by bill and hillary donated $100000 to "new york times" charity group in 2008. the thing that the newspaper endorsed hillary the democratic presidential primary. cheryl is this another clinton contribution? cheryl: absolutely. this was a group founded via tax record. this is the private foundation of the clintons. this is just bill and hillary and chelsea's money. only then. they direct where it goes. 2008 they direct $100000 to go to "the new york times" charitable fund. does great work. i don't want to disparage that. the same year "the new york times" endorsed hillary clinton
9:45 am
as the democratic candidate for president over barack obama. stuart: that looks like i'll scratch your back and you scratch mine. here's an what hundred thousand dollars and an endorsement. sandra: cheryl: there've been other reports weather at the time i was leaning towards barack obama but then artful solos per program in the times themselves. somehow that persuaded hillary clinton. there's a lot of? s-sierra. this is fact based on the tax record. that we know. this is their personal money. nothing to do with the clinton foundation. stuart: why would one charity gave to another charity? i don't get that. i don't understand that. cheryl: this is their money they donate to other causes.
9:46 am
"the new york times" fund actually help underprivileged new yorkers. again a great cause. i'm not disparaging giving money to charity. but the timing and who the charity was associated with hillary clinton and bill. in 2008 that is mentioned as having, kind of going downhill. he was emerging and chomping on the bit at her heels if you want to say that. could be a quicker car sitting right there. tim cook announces some big changes coming to apple. new operating system in a music streaming service he describes as the next chapter in music. the cyberguy from los angeles. first of all new operating system. how big a deal is that what you make of the new system? >> sewer, good morning. the one for your computer, mac
9:47 am
os 10 and the one that goes in our smart on or iphone or ipod and that if i os nine. that is the one making the news because everyone is complaining your software takes up a lot of the drive inside the devices that we can't work a room world inside of it. apple has moved forward with much more streamlined version of its operating system. the bottom line in the takeaways we will have more room on her phone and it's also focused on being a lot more secure. stuart: nothing happened to the stock by the way. >> i just don't think music streaming and apple now playing what is essentially the catch-up to get out the violin and played a sad song to downloadable itunes music. i haven't done it in ages. stuart: they put on the stage at this presentation johnnie iv the great music guide. he said when it comes to his
9:48 am
dreaming it is not the song you listened to. it is the one that comes next knowing that the next song is. that is important streaming. explain that to me. >> what apple has missed in the past is what he's talking about and that is why he spent $3 billion buying beads. they are to develop a based on the fact they know how to curate music and create an experience that is like spot of five or pandora which will now be obliterated by apple if they succeed. they will now charge a monthly fee of $10 you get all the music you want in ways that are a lot more predict to about how stuart varney likes his music. i can hardly imagine the playlist. rolling stones, beatles madonna. stuart: madonna?
9:49 am
little mozart. i don't know whether that is on the apple streaming surveys. >> i just think this is a preview of what is coming out in june. a generous three months trial curated djs from london new york and l.a. will be at the forefront of one of their radio streaming services where you simply to name impassively within the older way. i just don't see this as anything more than a giant catch-up in the market for apple. i don't see anything majorly innovative. it is a smart business move because they are losing people like me and you and we found a spot if i am pandora and the like are much more reasonable of pocket books. so why not use the services. stuart: fair point. the market reacted like you did. >> the one thing we see is a hardware and not men.
9:50 am
we don't have any big news coming out of there. the apple tv news was supposed to come out. stuart: i want that. i want one quicker this is power, volume, channel. guess, you're gone. sorry about that. thanks very much. now this. on demand private jet for $2000 a month. how about that. cheryl casone he did some investigating. you can fly anywhere you like for two grand. cheryl: just certain cities. the stuart: certain cities. we will be back after this. ♪
9:52 am
you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™ you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year.
9:53 am
there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call 1-888-438-9061 to learn more. switch to liberty mutual and you could save up to $423. call liberty mutual for a free quote today at 1-888-438-9061 see car insurance in a whole new light. liberty mutual insurance.
9:54 am
9:55 am
you dial up and get on the plane. let's go check it out. let's talk about this. what can people expect if they download the app? >> $2000 a month. what does that get me? >> $2000 a month gave you for a flight passes. each pass gives you one lie. you can look another one. >> who is your customer? who will be fine on the plane besides me? >> it at the range. anyone traveling back and forth for business on a regular basis. we have seen people that run the gamut and come home on the weekend to visit their parents. >> those are some rich parents. i think i'm kind of ready to go. take me on a flight, right? you have the else? >> we do have seatbelts
9:56 am
absolutely. >> talk to me about the flight itself. is it always point to be like now? >> we fly about 20000 feet, comparable to a commercial flight. >> how much of the flights on average? >> it takes about 15 minutes. you save a lot of time on either end. we get you right on your way as soon as they land. we focus on working through the process of travel and stripping out all the flights. as quickly as you can say where you want to go in when you want to go there. >> i can fly every day for the month if i want. exact way. >> as long as there is a seat on the plane, you can take it. yours at no additional charge. >> beacon has been officially launched yet.
9:57 am
they will fly between new york boston, nantucket hamptons, east hamptons. they live albany along with seasonal spots for the winter time. they will switch it out. stuart: new at 10:00 the tsa might just be the most reviled we have riddled with security issues. judge napolitano on the disturbing video out of dallas. a gun was drawn. unarmed teenagers in bathing suits. he's not on the side of the police on this one. a second hour of "varney & co." is on the way.
9:58 am
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, 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. there's something out there. it's a highly contagious disease. it can be especially serious- even fatal to infants. unfortunately, many people who spread it may not know they have it. it's called whooping cough. and the cdc recommends everyone, including those around babies, make sure their whooping cough vaccination is up to date. understand the danger your new grandchild faces. talk to your doctor or pharmacist about you and your family getting a whooping cough vaccination today.
9:59 am
♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. ♪ those who have served our nation have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. >> good morning, everyone. here is what's new this hour more problems for the tsa, hiring more than 70 people with possible links to terror. a hearing today outraged lawmakers demand some answers. hundreds of people marching in texas. they want the police officer to be fired over this incident. a 15-year-old girl in a bikini
10:00 am
forced to her knees. judge napitano it here to cover that story for us. the ceo for lufthansa, that was a lufthansa plane that crashed into the french alps. "varney & company" starts now. ♪ >> hey, look at the price of oil. that's the market that's moving this morning. up nicely 3% higher. very close to 60 bucks a barrel. energy stocks, therefore, the winners on an otherwise fairly flat day for wall street. all of those energy stocks all of them are up. then we have this isis have captured, taken prisoner i guess you could say, 88 christians in libya. they were taken off a carivan, smuggling people. remember, president obama says he still doesn't have a strategy to fight isis. now look at the big board--
10:01 am
we'll deal with isis in a moment. look at the market limping along. in negative territory and look at the stage, 1770 is where we are. one stop is doing well lululemon. sales of the apparel maker above what was estimated. raising guidance for the year and they expect revenue at $2 billion plus for lululemon. look at share price of chrysler-- let me be here clear, gm. gm. they're recruiting hedge fund managers to help get a merger with general motors. mary barra, the ceo says that's not going to happen. and a cholesterol drug could save many americans from heart attacks. amgen regeneron, have not opened pending news from the
10:02 am
fda. let's get to the tsa story. they hired 73 workers who were on the terror watch list. elizabeth macdonald is here what is the story? liz: the story is surprising from the inspector general of homeland security. you do not submit a social security number to get a credential or airport clearance. 87,000 workers do not have social security numbers who work at airports across the country for the tsa. 75,000 don't even have-- don't have passport i.d. numbers not submitted them because it's not required. what kind of security clearance is tsa doing for workers. go ahead, stuart. stuart: the tsa says we don't have the information on these people who are working as vendors, for example. >> they don't require it. they don't require the numbers. in other words, they're handing out credentials without getting social security numbers to an i ply. stuart: they handed out credentials for people. you're waiting in line to go
10:03 am
through the metal detector and somebody comes up with a badge and says here i go and off i go and walk through. those people have not been checked by the tsa. >> they're allowing workers to get the job without submitting social security numbers and to see if they're on the terror watch list they're manually cross-checking the list. the department of justice wants to put in jail for 20 years an airport worker an airplane technician, did f.a.a. inspections on an airplane. he was in contact with terrorists in yemen via facebook. he was about to bomb-- literally walking on the tarmac with security clearance to do a fuel truck bomb and the issue, too is the tsa doing mental health clearance are for the workers? >> you're shaking your head there. >> the ts a's excuse the government has to give us proper clearances to do the work and we're not doing the
10:04 am
work and shifting the blame. the report recommended they make the changes and the you know what the answer is? okay, we'll make the changes. there is no story. >> back to the very beginning, they were not asking for clearance to cover the workers. >> they should have been asking for it. >> given it to local airport officials, they were having the smaller airports do the work liz: the tsa wants to do the job do the job correctly. don't be union visits on the job or pushing union issues at work. you have to be about safety first and foremost. stuart: the hearing starts in 20. they'll mortar and gavel. >> now this. new york times calling for a carbon tax. listen to what art laffer had to say about a carbon tax yesterday. >> it may just be if we got something we could get a carbon tax with a 100% offset income at that. the income tax dollar for dollar does a lot more damage
10:05 am
to the economy than a carbon tax. if we could get legislation swap the two or honestly support the two, i'd support it every day of the week and twice on sunday. stuart: look who is here former reagan chief economist marty marty marty feldstein. >> he said if you cut income tax rates and cut corporate income tax rates, he would go along with a carbon tax because then you'd have real growth in the economy. could you go for carbon tax and rate cut? >> absolutely a great trade. a carbon tax would have positive advantages in terms of the environment, congestion on the roads, price of oil. all of that would be a plus. if you could take that revenue and use it to reduce marginal tax rates and corporate tax rates to encourage investment. it's a win-win combination.
10:06 am
stuart: you think it would grow the economy? you get a carbon tax, i think that's bad for the economy, but you get tax rate cuts at the same time if you do those two things, you say it would grow the economy? >> it would be a plus to the economy. stuart: as good as back in the reagan years, four five six-- >> there are other things of the same sort. if we put some limits on tax subsidies that are in our tax code and we use that money to reduce tax rates, that also would be a net plus for the economy. stuart: obvious question what do you think are the chances of president obama's administration ever cutting anybody's tax rate? >> zero. stuart: thank you. >> zero i hear there's going to be an election the end of 2016 and after that i think there's real scope for tax reform and this would be a way of doing it. stuart: you would have to have a republican in the white house and a republican congress. >> that would help.
10:07 am
stuart: yes, a requisite. >> it's not, it's not. when president reagan was president he never had a republican house of representatives. never. and he was able to negotiate with tip o'neill and other leading democrats to bring about the remarkable tax cuts took our top rate down to 28% without a-- because he was someone who could negotiate with the other side. stuart: were you partially responsible for those lower tax rates in the early 1980's? >> well i certainly was a cheerleader for them. stuart: a quick story. i remember going to the mailbox in may of 1982 and in the mailbox i found a nice fat refund check and that put me into america's middle class. i had two children at the time one more coming. i got a fat refund check and i thought mr. reagan i'm your guy i'm with you and you were
10:08 am
a part of-- >> i was in the white house at that time. stuart: mr. feldstein thank you. >> it took a long time for you to thank me for that. [laughter] >> i did okay though. i did okay. but seriously, do you think hillary clinton would cut tax rates? >> i don't know. i mean whether she would be willing to do a revenue neutral tax swap like this well we'll find out. she hasn't been saying a lot recently. maybe when she gets out there and start talking about her policies, you could ask. stuart: generally speaking do you favor tax in consumption, like a carbon tax, more than the taxing income. you want to shift away from income taxes to-- >> i think that's a good thing. and i think putting limits as i said on some of these tax subsidies that we have in the tax code and using that revenue to lower rates would be a real plus for the economy.
10:09 am
stuart: the year 2015 remind you of 1979 by any chance? >> yes, well we had a lot of discussion at that time how high tax rates were and what we would gain by bringing them down. stuart: i wish we could bring those exciting days back again. >> well we'll have a chance. stuart: martin feld stein for that tax cut. you helped me enormously. much obliged. more heads, here is a prison break so elaborate, the prison break probably had help from the inside. authorities are searching the inside of a home of a worker. joyce mitchell. they nt want to to if she had a link to the men the escapees. they were last seen in their prison sell friday night, but new reports a local couple actually saw the two walking in their back yard and not
10:10 am
realizing who they were they told the men to get off their property. the men were reportedly carrying a guitar case carrying the power tools, the same used to cut through a brick wall a steam pipe and that manhole cover. police are releasing their tattoos helping the public identify them and obviously, an international manhunt is underway. stuart: thank you very much. commercial drones starting to cause outrage in various places? this one spatted from the sky by an angry neighbor. didn't take long for the lawsuits to start rolling in. and a very special guest on our program later on today shall the triple crown jockey victor espinoza taking a break from celebrating here onset in new york. all of that object the next hour of "varney & company." ♪
10:14 am
>> breaking news. new jersey's highest court ruling in favor of chris christie in terms of pension payments. and it's seen as a blow to public pension funds, public workers i should say. judge it's just been handed down. can you get some clarity for me? >> i'll do my best. governor christie negotiated a deal with the labor unions for new jersey workers. you make certain contributions to health care. you make greater contributions to your pension and i'll make guaranteed payments. the legislation was enacted by the democratic legislature, he signed it with fanfare and it
10:15 am
came time to make that contribution and we don't have the money to make and the law is unconstitutional. i never heard of someone claiming a law and signing it as unconstitutional. the unions challenged his refusal to make that contribution, a lot of money. 11.6 million. today the supreme court said i understand, and he has the discretion to hold back and not make the required payment. stuart: got it. >> whether that's a political victory remains to be seen. and he sees most of the state in arms against him and he doesn't have the supreme court to blame. i can only-- he has himself to be responsible for why he doesn't have the 1.6 billion in contribution dollars to make. stuart: financially the state doesn't have to make that contribution, that's a-- >> no you'll probably see the states rating go down again liz: that's right, this is a big blow to chris christie.
10:16 am
>> hardly going down 1/10. he campaigned on reform. stuart: i think we've got some clarity on this. >> we do. it's top of the fold news, but how it plays out for him politicalically and how it plays out for the cite remains to be seen. stuart: you can say he stiffed the unions and the law let him get away with it. >> you could say that. i'm going to tell you this i never heard in my life negotiated a law, signed it into existence. claimed it was a center piece, and later called it unconstitutional. christie has broken new ground. it's illogical grounds, but it's grounds. stuart: i have to have time for this. a police officer has been put on leave after a video shows him slamming an unarmed teenager in a bikini to the
10:17 am
ground. the judge passes judgment on this. this is confrontational stuff. i think the mistake he lost his temper, lost control and should not have pulled his gun and you say what. >> again, i don't know if you've seen whatever precipitated this and whatever happened before. we've not seen what went on after it, but the use of force that you see right there against this barely clothed, unaround nonthreatening young woman and the use of the handgun in his hand is absolutely contraindicated. it's unlawful and his superiors did the right thing in suspending him. >> let me give you background. a change of opinion. it was a pool party in a state, i think a gated community. they had a deejay. the deejay was saying on the air telling people come on down $15 a head come in. >> kids were not nonknown in that neighborhood were pouring
10:18 am
in. it was crowded. a woman with three children had to leave because it was getting rowdy. the police were called it was a rowdy situation, i don't think it changes your opinion. >> no, it looks almost as if the teenagers baited the police, certainly this one particular cop and they fell for it. look you have the right to say what you want to the police. you can disagree with them arresting you, disagree with tactics you have the freedom of speech. you don't have the right to accelerate to what you see. this guy was a hothead. was there a need for police if there were more people than the area needed to hold. there was no need to be violence. >> criminal tactics to pull a gun on unarmed people who do not-- >> you're saying that the police officer could be guilty of a crime? >> it's an assault for him to pull a gun on someone when it's
10:19 am
contraindicated in procedures. he can only pull the gun when there's deadly force. stuart: are we coming to a position where police officers back off. especially a situation involving minority people and they back off and make the situation worse by backing off. >> it's a danger which is why an environment like this calls for cops with cool heads who know, you do know the touch that gun unless and until deadly force is being threatened against you or against somebody else. there's no indication of that here. stuart: the trouble is down the road, maybe tomorrow maybe next week there will be very similar situations where the police do indeed back off and the situation at a pool party or wherever gets out of hand and people-- >> it's always a fluid situation where you have many people who are aroused and unruly and the property owner wants it calmed down and police
10:20 am
arrive. you need cool heads not a hothead. stuart: who would be a young black man at a pool party. who would be a police officer called in to intervene? i could see both sides here. >> there is an argument on both sides, but the tape that we saw showed unlawful behavior from that police and the prosecutor would be right to prosecute. stuart: will you be back? >> defend you against a creep who was sitting right where i'm sitting now. [laughter] >> we eagerly await your return. the fed is calling one of the biggest investigation into food stamp fraud. nearly 100 arrest warrants the suspects in alabama. how money was used to pay for drugs and how it was even transferred to people in yemen.
10:23 am
you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom! you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car plus depreciation. call and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch to liberty mutual insurance and you could save up to $423 dollars. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty
10:24 am
mutual insurance. >> take a look at this. that's wembley stadium in london. someone climbed to the top of the arch. he's a 24-year-old daredevil, the first person to have done it and he did that and the video is pretty good isn't it? 19 people have been arrested in birmingham, alabama accused of cheating the food stamp system and wiring some of the money to yemen of all places liz: this is stunning. these are convenient stores that were basically raided by the government. they were basically selling-- poor people were taking their debit ebt cards, food stamp cards and there's money loaded onto those cards. they were selling them for 50 cents on the dollar to the
10:25 am
convenience store owners who were then using the balance to buy things like meat and alcohol or whatever and you know, food products jacking up the prices and taking the profits and one of the guys shipped the money overseas to yemen. we saw a similar thing in alaska, and he sent money for activity. stuart: it went indirectly in yemen for whatever purpose we don't know. we don't particularly want to go to yemen. >> the convenient store wasn't selling things like alcohol, basically was inflated the prices of his products to make money off to send min to yemen. stuart: you're not supposed to be selling it for cash. >> the poor people are selling them for money to buy drugs and alcohol and-- >> food stamp fraud is not a new thing. the fact that the money went to yemen is a new thing and that's
10:26 am
a troublesome sign of lack of accountability to liz's point in food stamps in general. stuart: do we have these guys under arrest? >> they've got to repay-- they've got to pay hundreds of thousands of dollars. stuart: maybe get the money back. >> maybe get the money back from yemen, you never know. stuart: please take a look at netflix another record high 635 we are now. they've got a deal making a deal with brad pitt to get his new movie right onto netflix. that means that bypassing almost all the cinemas, and putting it straight on to netflix. that's a big deal. the annual meeting today, they're talking about a stock split. 635. i want to repeat the news we broke for you earlier. new jersey's high court ruling in favor over chris christie over pension payments. he promised to put 1.6 billion into the state worker pension fund, he did not do it and the
10:27 am
court said that's okay. got it? interesting. coming up an extreme case of tuberculosis being treated here in america. doctors say they're having trouble fighting it with normal drugs. hundreds of other people may have been exposed. a good story for you on that one. plus, the ceo of lufthansa that owned the germanwings plane that crashed into the alps say it's difficult to screen pilots for mental illness. that's next.
10:31 am
>> it is happening now, the senate homeland security committee trying to get answers today on how the tsa hired 73 workers on the terror watch list. let's see if they find out why or how they did. check netflix a new high 636 there's a story on that one. we'll tell you. look at oil the market that is moving today. 60 a barrel pup a $89 let's get to stocks. negative for the year that is dow jones industrial average, and look who is here. the internal board. the man who never says sell everything his name is charles payne. [laughter] how are you going to deal with june swoon dow is down 177. >> raise a little cash buy stock
10:32 am
and weakness this is why stocks own net flex. and 28 bucks year ago is 110 now. whether you buy something that goes up 300% in fact year that is how you deal. people are nervous, stuart. they are more nervous because higher we get more nervous they become. yesterday that is all i got. all of the tweets were is this the correction are we there and then leon cooperman talked about things that can trigger a kreash or if correction. >> came out and said this morning 9% down. this summer -- that will be quite a drop. >> it would. but here's the thing -- it is soon. >> aren't you ever tempted to say to the lings guy you know what, you want to sleep at night. why don't you sell what you've gotten and sleep easy? >> you know what 20 years from now they won't be able to sleep at all relying on social security an would be eating dog food so i feel my responsibility is to make sure they do well.
10:33 am
i looked up a charter of the market from 1902 to now. we talk about wars, great depressions, recessions honestly stuart you moderate how much risk you have, and you take confidence. because listen -- >> what happens if i'm 75 years old and i'm retired. eversion most 75-year-olds don't have the marmingt of the money in the stock market but what if you're 40 and you want to retire. how many people have missed this 200% move in the market already? >> a t do another victory lap. lululemon didn't ewe recommend it. everybody on parking lot panel hated it including the woman who does p does go -- yoga they said you're nuts. stuff the is expensive i'm glad that they have a pretty good earnings report. but also david busters up my recommend on monday. >> they sell hot looking clothes. hot looking yogaout fits.
10:34 am
>> whatever you say thriz. >> i heard you say you went to yoga a few times. >> three times. >> really? >> news flash. >> did you wear a lululemon? >> no, i did not let me tell ya, yoga is tough, it is very difficult. >> you were great i was wondering what it was. yoga -- [laughter] >> layoff. >> working out? >> stuart, down dog -- the dow is down. can i get serious for a moment? bad influence, you are, let me tell you about this one following germanwings disaster. ceo of luvstans here's a direct quote a system that is 100% relike may not be aandable. pilot tom sullivan is here with us. i think, i mean you can't be objective in saying you've got a mental illness.
10:35 am
why you broke your arm. i can feel it. >> mental illness something different entirely. >> problem is he's right there's no way to absolutely do that. the problem is right now there is next to nothing when you go in and get your pilot physical which is six months for the commercial airline pilots over 40. every year for commercial pilots under 40 every two years for guys like me flying around their own planes. that is a regular base. but all they're supposed to do is doctors are special doctors, finishing a medical examiners and all they're supposed to do on mental part is look for red flags. nash that's it. they don't have any questions about how's the family. how is your job. >> this guy showed symptoms people around them shouldn't a airline have a hotline set up or in house supervisor thing where someone say bob has been acting weird. maybe someone can look at it. >> that is snitch line. >> isn't it? >> this is a guy who had a
10:36 am
history of seeing doctors about mental problems. that raises a flag about this disclosure because i have to tell the ffa when i go to the doctor if i have an allergy test. i have to report everything i have -- >> if you have a psychiatrist -- >> i don't know. i don't know. i know if i see a doctor. >> there's a conflict here with privacy rules if you have to see a psychiatrist for a mental problem you have to reveal that in a physical exam by faa. >> i have to reveal the doctor, name of the doctor, the date, what i went to see the doctor for and any clue psychiatrists. i don't know. >> should disclose mental problems because the brain is an organ orrbegans get sick. >> i hear disclose you should have to disclose. >> if you don't -- german guy is saying maybe you can't have an objective case of
10:37 am
mental illness. you can't be objective about it and you can't say what is going to happen if you have -- >> you go beyond that and liz you brought it up earlier in the show talking about do they do this on another part of tsa do they test truck drivers? but amtrak, engineers -- >> they do truck dpriefers drug use that is why we don't have in. by silence. >> union fighting mental health screenings. >> that is why you say we don't have truck drivers in this country because they don't qualify. >> question we have two choices small amount of drugs in their system or a chronic shore taj. >> can we all agree if you're a pilot, and you are doing your test your doctors test you must declare any visit to a psychiatrist. >> yes. >> i think we would all agree. should have. >> that should be the rule. >> but again so i'm fine today. i get the examination today.
10:38 am
but six months from now, i have a something tragic in my family or financial problem or divorce, or whatever, and i snap. how are you going to catch that? >> very true. german -- >> they can do better. that is rebuttal to this guy needs to be hey you could be done a lot better job at protecting your passengers. >> now this. if you're not watching varney & company yesterday you missed somewhat fiery interview with a producer of the anti-fracking movie gasline. we were debating epa report on fracking. watch this. >> introduction -- i'm wrong about writing the tap water before fracking -- >> you are absolutely -- >> when i talk about it -- >> i did it myself. >> i do believe you were lying right now. >> the point -- >> lying? >> on your own show? >> the interview is over. [laughter] >> so it was. however, it didn't stop there. he then went on to msnbc and he had this to say.
10:39 am
>> i mean but every single thing that this man of the was bouting how fracking it was and great epa is all of a sudden at fox news, you know if you're in the obama epa you have a big, big problem. you have royally screwed up. if fox business defending you >> tirade of bombbass excuse me? >> i wasn't helping. come back soon. all i said is i quoted epa, environmental the protection agency who said we did not find the evidence that it led to impact on drinking quarter. that is all it said. >> don't believe me believe your line -- >> not only that has invested his life but he makes a lot of money off of the other argument >> that is true. sure. >> an inconvenience from i improvement. >> do we have another soundbite from laura on fox and friends
10:40 am
morning. can we roll our tape? go. >> i'm still trying to get over the stuart varney back and forth was that guy he threw off the set the pajama boy from the obama -- >> that was good. thank you laura it was not pajama boy although that is great. [laughter] >> wow. >> i don't know if we can say that is not pajama boy. >> i did not realize that. how about that. >> good thing you didn't say anything about hot cocoa he would have really gotten upset. >> i think we're done. we're done time for the speck tore report you're standing behind me. you have a big board in front of you. what are you watching today? >> looking at articlings okay slower u.s. economy. quoting oil prices saying how they're going higher and higher and affect nation airline. now they're downgrading bigger names that you know including american airlines. delta, also you want to watch jetblue southwest all of these
10:41 am
guys. because these are guys that are under pressure todays. as you can see right now they're all down the economy -- consumers not wanting to fly right now, watching their wallets, by the way stuart for you good airlines on tibts take that one. >> i'll take that one to the bank. thank you cheryl. nearly a third of all adults have high cholesterol. and the fda is about we hear they're about to approve new drugs that could save millions heart attacks. we have that story. plus president obama admitting he has no strategy to deal with isis to defeat isis either. special report with bret baier coming up soon. the world is filled with air. but for people with copd sometimes breathing air can be difficult. if you have copd, ask your doctor about once-daily anoro ellipta.
10:42 am
it helps people with copd breathe better for a full 24hours. anoro ellipta is the first fda-approved product containing two long-acting bronchodilators in one inhaler. anoro is not for asthma. anoro contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. anoro won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, or high blood pressure. tell your doctor if you have glaucoma, prostate or bladder problems, or problems passing urine as anoro may make these problems worse. call your doctor right away if you have worsened breathing chest pain, swelling of your mouth or tongue, problems urinating or eye problems including vision changes or eye pain while taking anoro. nothing can reverse copd. the world is filled with air and anoro is helping people with copd breath air better. get your first prescription free at anoro.com.
10:43 am
it's more than the cloud. it's multi-layered security and flexibility. with centurylink you get advanced technology solutions. including cloud and hosting services - all from a trusted it partner. centurylink. your link to what's next. >> i'm nicole petallides with your fox business brief slightly down to the 17,765, and with a weakness this week dow has, in fact, turned into negative territory for the year, 2014 the index ill twa that is still a one month high. take a look at sol of your dow movers apple and disney. cholesterol drugs van feature this morming as we eagerly await news from the fda looking at the closely. watching jeanron break through
10:44 am
10:46 am
>> oil is a winner today, if you think winning going up $2 a barrel and it is $6 30 a barrel as we speak. look at this, this is yield on tenure treasury important benchmark for interest rates, 2.43 is high for the year. going up. this just crossing the wires, mcdonald's hiring formals we secretary gibbs as chief officer that just in. and the fda set to approve new cholesterol drugs that could save many americans from heart attacks that is the quote. doctor detty is with us. >> nice to see you. >> what are benefits of this new type of drug? >> thing is very promising seems to lower bad cles control called ldl by 50 to 70% dramatic difference. >> more than statin drugs. >> more than they do. but also on top of that these
10:47 am
scientists looked at the life saving benefits, you know do these medications prevent heart attacks and strokes you know a lot of the complications we worry about they cut those in half too. so benefits are relatively clear. >> a big deal. >> exactly. >> and you inject this ugh doctor you don't take a pill? >> different so you inject yourself every two weeks mob a problem for some people because you know -- >> once every two weeks life saving drugs. most would put up with that. side effects? prchght so sphebts are same as statins but fewer effect on liver and seem to be muscle bruceing from injections some think it might cause some conclusion but minimal. >> cost -- >> big etion problem here so estimate is that it is about $10,000 a year. so that is a biggest barrier in that. >> i have no idea what cost of statin drugs is in this. >> depends on your insurance but with the genetic and everything maybe $1,000 a year or less.
10:48 am
so pant difference. >> so ten time more expensive. >> exactly. but take the pill or injection versus surgery? >> is that the equation that people about are doing? >> they might have to. but studies are only compare it to statin. hard to see surgery of course. a study they compare, you know, this drug to people who are on statin to the best available therapy. if you can't take statin then these results might be more dramatic. >> i have one more for you, doctor. a female patient with an extremely drug form of tuberculosis is treated in washington, d.c. and people have had contact with her. doesn't respond to normal drugs -- >> drug resistant so we have to be worried and track down everybody who could have been
10:49 am
exposed or who could develop it. but at the same time livelihood that people would develop it is very low. first of all, you know, it is hard to spread so you have to have actual from the person coughing have droplets inhaled essentially. on top of that we have an immune system to fight this off. look at this fern to see if they have cancer hiv something else that would put them at risk. >> i shouldn't be overly concerned that this would come back with other people a month down the road or year down the road? >> i don't think so. but where did this person get it? they have to consider that as well. >> a lot of people are worried about the superbug. that comes along ab hits us and we don't have a cure or treatment for it. there's a lot of anxiety that this kind of superbug is being developed all over the place. >> obvious well the way that it is developed is somebody had tb and then didn't dot full course of treatment because if you're not having that many symptoms it
10:50 am
is hard to do the regime for six months or a year and that is how these things develop. so it doesn't mean our immune system can't fight it. >> you make things so clear and by like that. thank you very much. appreciate it. all right lawmakers now demanding answers from the tsa how are dozens of workers hired despite their possible links to terror? we're going to deal with that too. it is happening now. varney in a moment. the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here.
10:51 am
10:52 am
you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual
10:53 am
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. >> welcome back the senate shouting hearing to get to the bottom of the two recent back to back reports on fail technician by tsa peter barnes joining us now with the latest. >> founding dhs officials by tsa screeners to detebt mock
10:54 am
explosives and weapons at airport check points and for missing 73 individuals on the government's terror watch list who work for major airlines, airport venders and related employers because of lack offing access to key data. >> enormously complex and difficult issue. we need to approach the solution soberly, and honestly. dhs inspector general declined to comment that check point screeners detected to monitor in 90 pbts of tests carried out by undercover agents he confirmed only that culvert testing had occurred says that he will brief members of the senate oklahoma land scusht committee in the appropriate closed setting. he said in general his office remains deeply concerned about tsa ability to execute the mission. dhs says tews trying to check fix screening and employee screening problems. >> feater thank you.
10:55 am
pmpleght a jam packed two hours of varney & company and here are highlights we have more varney & company just two minutes away. stay with us. >> what do you think are chances of president obama's administration ever cutting anybody's tax rate? >> zero. >> but i hear there's going to be an election in 2016. after that i think there's real scope for tax reform and this would be a way of doing that. ferlg heard you say you went to yoga a few times too. >> three times. >> really? >> news flash. >> did you wear lululemon? >> let me tell you yoga is i mean it is tough. it is very difficult. >> you remember great, though, i
10:56 am
was wondering what it was. yoga. [laughter] >> layoff. >> putting in work -- stuart do a kroaz crow's nest position. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
10:59 am
>> what happened to the great on the campaign trail president obama let things up with soars speeches now he's off and it shows. disand point yesterday's newest conference from germany hardly electrifying long rambling answers you have to stifle and that hit bombshells which he may or may not have wanted to drop. did he really want to say that there is no strategy for beating isis? and then to make it worse he blamed the pentagon he said they haven't presented him with a plan. that true? and he went on to criticize the supreme court for taking on the obamacare subsidies case. should a president try to influence a supreme court as it
11:00 am
decides a case? separation of powers? and again to make it divorce he said there's no plan b if the justices go against him. it seems that if the end of his second term many of the presidents initiatives are indeed in deep trouble legal and political. and as they rush to get out of that press conference, it seemed like he knows it. >> look he's got a strategy and his strategy is just make it through the january 2017, and turn it over to the next president. he hasn't had a strategy on iraq since the day he came in office. >> that was charles strong words indeed after president obama said he has no complete strategy for dealing with isis. bret baier joins us 15 minutes from now. next to isis, still on that subject releasing new video claiming they plan to take over
11:01 am
and liberate baghdad. soon. here's what kansas congressman kevin yoda had to say on ietion isis and the president nonstrategy. empleg we have no strategy, that sends a bad signal back home to americans and it certainly ting -- tells isis that to not be worried about what the united states will do in response. >> a quit note a pentagon source tellings fox news there's more u.s. forces inside iraq than there are iraqi soldiers being trained. that just in. new jersey highest court ruling in chris christie over pension paymentses. christie promised to put 1.6 billion dollars into the state workers pension fund. he didn't do it. the court said that is okay. judge napolitano said it could hurt the governor politically. roll tape. >> he now has most of the state pup in arms against him, and he
11:02 am
doesn't have a supreme court to blame. he can only -- he has himself to be responsible for why he doesn't have the 1.6 billion in contribution dlears to make. >> regardless of how it is taken for governor christie, this is a loss for the yoijs in the state of new jersey. the senate homeland security committee is looking to answer from the tsa. one recent report shows tsa agents didn't find fake explosives in internal tests others show 73 employees hired with suspected links to terrorism. this t liz claman reported last hour that the tsa doesn't even require social security numbers from those employees. and the fireworks hearings going on right now fireworks you'll see them. looks at big board although the dow industrials are negative per the year, we're now eking out a near 20 point gain as of this tuesday morning.
11:03 am
beg winner is the price of oil if you can call it that unsignificantly a gain of $2 a barrel. $60 a barrel is where we are now. look at netflix another new high. a brad pitt movie will be released on netflix hardly ever, almost won't touch the cinema they're going around cinemas straight to netflix. their annual general meet of the day they could be approving a stock split and look at netflix go again. up 18 now at 644. pandora a big lose herb today. yesterday apple announced its new streaming music service and down goes pandora 5.5% down right now. another market mover for you this is a ten -- this is a year high for the tenure treasury yield that is a bench mark for interest rates 243 highs of the year right now. let's move on -- this will be really cool. american pharaoh yeah making history winning triple crown
11:04 am
that means for a lot of people. a man who rode into victory, this is here. are you still celebrating victor? >> yeah. >> good for you. >> i am thank you. >> that must be a fantastic feeling how do you feel when you cross the finish line? >> like a winner like iemg a winner -- triple crown waiting for me for 37 years. >> you did not quite make it last year i believe. >> yeah, just one of those things you know, that i got always think, i tell guys, you know, i'm more ready and prepared when things go wrong, when i don't win than when i win. if i win everything is beautiful. >> i remember i was watching actually. iftion watching the race. i was in a bar of all things in massachusetts an enormous crowd and they were cheering for you. i saw people with tears in their eyes when you crossed the finish
11:05 am
line. but i want you to take me through last 2, 300 yards because it seemed like me like he powered head. >> it was amazing. he was really, and we're like -- and i was ready too. so basically american pharaoh and i we were like connected one person, one thing, and last 20 yards to the wire that i was just this is it. but i'm not going to celebrate yet because a lot of things can go wrong. i have to cross that wire right -- i don't get to celebrate until i have that down. >> you wanted more power and he just did it. he just did it. >> he was waiting for me to just let it go. >> is he greatest horse you've ever ridden i should say? >> yeah, he said. he said by long way. i rode a lot of amazing horses all amazing. but american pharaoh is right on top. >> are you riding him in the breeders cup which i think he's going to keep racing which i
11:06 am
think is to many people unusual. >> you know what whatever they decide to do, then i'm ready. i'm ready for him. and -- >> you're the jockey no matter what. if you register again you're onboard is that true? >> anything can happen. but from now and then, so far, yeah. >> you must forgive us, but this is a financial program. and i ask all of kinds of awkward questions about money. how much did you make by winning triple crown? >> zero. >> i make zero because donate to city hope, cancer research for kids. at city hope. >> all of it. >> you would have gotten -- 10% of the -- i don't know how much that would be how much? >> i'm good at math but i don't know it -- i don't do the math right now. because i donates all. all of them, and if it was for me that is how much i make. have you always done this or just that particular race? >> no, actually i've been doing it for ten years i donate
11:07 am
percentage of whatever i make to city hope but this time i decide to -- you know donate all. because you know i like at it this way. last year, i did not win so i don't take any money home. so if i win, i want to just break that 37 years not winning you know like forget about money. i want to make history now. like i want to win the triple crown donated to all of the city hope. i decide to give it away. pledgets city of hope donated to. >> for all of the kids who have cancer and there's just -- you know what -- >> a personal connection to that charity or -- just a good guy? >> no, it was one i decided to do it when i see kids and a it has to come from my heart, and not one thing, not like somebody told me to do it. i'm sure if you told me to do it, i would not do it. so it has to be from my heart and it to donate in all of my
11:08 am
power because it is heartbroken. those kids they're like, you know, so young. they go day by day, and for me you know, life is beautiful. >> forgive me for asking very personal question. how tall are you? >> guess -- >> 5 foot -- >> around -- 5'1". >> how much do you weigh? >> 112 pounds. >> 5'1" a real effort to get down to 112 pounds? >> you know what i keep myself in that level. i don't like to go up and down i don't like to let myself go. i work out a lot and i eat everything. but just laicts. not much. >> ever retire? >> someday yeah. >> another personal question. how old are you? >> 33. >> how many years left? >> not that many. i'm one step away. right close to the line. >> you don't want to retire. the feeling of winning must be
11:09 am
so intense. >> the triple crown yes. >> any other races -- win no matter what, it is always just an amazing thing to do. >> well victor you are a good man. giving that money to the children charity for treating kids with cancer. a wonderful thing. and we thank you very much for being with us describing how wonderful it must have felt to be a winner like that. >> amazing feeling. [laughter] sooner or later we have to retire but i done what i had to have done. i never have dreams in my life but goals and goals were last two times that i win here with triple crown that was my goal to just get it done now i get it done. you know, i always believed that if you want a thing it can happen. it happens it just had to be focus and dedicate. >> i'll never forget being in the bar with penal cheering you on. it was a pleasure. >> thank you. thank you very much indeed sir
11:10 am
you're a good man. thank you loots of news we're following for you today. cheryl wraps it up with a big left lane. : i have to follow up victorrest pan -- a wreert says pheeuate sergio reaching out to hedge puntdz and allies basically activist investors to persuade mary to engage. no comments decided by the way. let's check stocks as right now gm up and down a little bit. a federal advisor committee going to decide whether or not to recommend a new class of injectable drugs to treat bad cholesterol that is ldl. current treatment right now is statins like lipitor and new drugs developed by biotech companies like regeneron to have colleges excited injectable drugs. those stocks are what we're watching today. they have a piece of the pie. >> regeneral still not open. >> yeah, regeneron not open.
11:11 am
but 10,000 a year. they spend millions right on these drugs, and then boom either goes or it doesn't if this goes they'll get the money back. >> re hasn't opened for business. >> isis captured 88 christians in libya they have no idea how to beat them. bret baier, next. >> when they finalize plan presented to me by pentagon then i will share it with the american people. we don't yet have a -- complete strategy. you wouldn't order szechuan without checking the spice level.
11:12 am
11:14 am
11:15 am
agreed. listen to this. look he's got a strategy and his strategy is just make it through to january 2017, an turn it over to the next president. he hasn't had a strategy on iraq since the day he came into office. >> turning from washington, d.c. host of special report, bret baier. welcome to the program. i want to talk a little bit mother about that news conference yesterday. but president appeared to go off prompter at that points he was saying there's no clear strategy for dealing wise sis and then he blamed pentagon for not bringing him he said a clear plan to deal with isis i think my judgment is that that news conference made people a little anxious to see president doing this. >> and this is, you know a couple months after he had said that there was not a strategy in syria, kind of reiterating there's not a strategy complete strategy for training iraqi forces in destroying isis and
11:16 am
iraq, and that sentence where he says once i have finalized plans from pentagon set some military officials off. and talking anonymously to our producer at the pentagon said you know, what is that? we've provided him many, many omtions but president has not acted. : it is simply cannot be true. >> the idea that the pentagon is never given him a comprehensive plan to deal with isis. that is strange -- that would be my opinion. >> well it does, and it is backed up by many people we've talked to privately a special ops people military official who is say their hands have been tied and that the whole strategy of working with iraqi unit it is provides more backup to the iraqi leadership, and it forces the iraqi leaders hands
11:17 am
to say there's a presence there. once the u.s. took all of the u.s. troops out of iraq, and then incrementally put them back in for training it changed the dynamic iraqis have not followed through. >> president wept on to attack seemed like it was an attack on supreme court for taking up this question of subsidies he then said there's no plan b if the supreme court rules against him on subsidies, he went so far so day that russia is isolated. i've got the impression that president really didn't want to be there and he left that stage as fast as he could. am i reading into this too much. i watched that all through the whole press conference and i was kind of shocked at his performance. yeah, it was -- by his standards, by any standards a bit lackluster. and it was not the president propose on his best game but we've seen that numerous times it is not something that he really wants to talk about, like
11:18 am
climate change, like being on the stomp and pushing for minimum wage increase, there is not the same vigor or tone like on the campaign trail. i think you saw that stuart in that press conference these are things he doesn't want to deal with but he has to. and his hand will be forced as isis continues to gain grounds. >> do you think his stress on climate change is putting it into a position of policy prominence, is that going to fly with america's electorate? >> that is the tough question. whether it fly back here at home. he's clearly making a lot of friends on this issue in europe and at the gs and spent a lot of time if from what we're told talking about that issue. but can it get through capitol hill with a republican congress? no. [laughter] >> straight answer brett we like that. we'll be watching opportunities at 6:00 the special report. bret baier everyone. thank you, sir. >> thank you, stuart. >> now lululemon. look at it sales are up.
11:19 am
charles payne recommend it had last week. i said is before. drones will be the heart gift this christmas season. now, sam's club is backing me up to announce to stock the shelves with a dozen different models i have free details adam has details tell me. >> two times in one day that i'll say you were right. first on and now. they tested desirability of selling drones they kont keep them in stock. now they're going to offer for christmas a drone for peemg anywhere from 100 dollars up to 4,000. and it is the drones with the digital cameras that people love that you can use for all kinds of reasons. >> what they noticed original is that real estate agents were buying them for fun. so they've put in orders, and just to give you an idea how big electronics have become for just
11:20 am
wal-mart. hd screens drones 11 billion dollars. for them -- out of what is 58 billion a year. so this is where they're going. >> hold on a second shaking your head? >> because you thought that turkey fry ergs were bad for christian gifts and wait until drones are given to kids across this -- do you know how many injuries we're going to see enrique -- >> no here's the tip create the drone -- something to use to shoot at drones to knock them out of the skites, so that you don't get spied upon. as kids we used to have the nerf gun with a fuzzy ball thing to shoot at each other not hurt each other. something to shoot qowb great shoot it out of the sky. >> colt 45. >> that would work too. >> i'm shocked sharon. >> i'm serious. >> you are. >> you wait and see injuries after drones are out. >> think of fun that youngsters will have. >> they could keep their fingers
11:21 am
intact. moving swiftly. >> that is what is next. prison breakout in new york and two fugitives on the run. police now questioning prison employee. we've got the latest on that after this. you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software.
11:24 am
with xfinity from comcast you can manage your account anytime, anywhere on any device. just sign into my account to pay bills manage service appointments and find answers to your questions. you can even check your connection status on your phone. now it's easier than ever to manage your account. get started at xfinity.com/myaccount
11:25 am
>> going to the story e we've been following for you hundreds of common stray ors to taking to the streets in dallas that protesting after video surfaced of a police officer tackling an unarmed 15-year-old girl in a food party. the officer then pulled his gun, he since placed on administrative leave here's the mayor of the town where that video was taken. >> after reviewing the video of the incident hew conley placed officer on administrative leave as required while a complete investigation is conduct. process for dealing this issue requires review of the incident based on policy of the city. chief conley assured me that he's working with all deliberate speed to conclude this process. >> some local residents said they want that police officer fired. other residents where the pool party took place saying that
11:26 am
calling the police was justified. two quite a bitted murders on the loose after they escaped a new york prison with the latest on the what is the latest adam shapiro. >> i want to show you a picture of this woman joyce mitchell this is the woman who worked worked in tailor shop an industrial training supervisor and police have questioned her. governor talked about these two men had to have inside help. no one is charged this woman with any crime. but she's been questioned neighbors said police have gone to her house as well as through her garbage and two men in question richard 48 years old and david they're the men who escaped on saturday and clear that they have assistance. they're also pursuing contractors who have business at the facility may have given them the power tools which were used here's something that might seem ridiculous but check the vans in which tools were were brought in but never counted tools. whether you have five electric power saws versus three when you
11:27 am
leave that is going to change. >> two guys emerge from a manhole and they were supposed to be a car waiting for them but car didn't show up. >> fox news channel report it had that get away car did not show up and police believe the two men are still in the vicinity. near the canadian board or but they've got 350 tips including a couple which saw the two escapees walking through their backyard with a guitar case and carried tools inside. >> didn't they work in the tailor shop both of them -- >> they made for the record, uniform for mta north. train north you'll see those uniforms. >> when a story. adam thank you. >> a promising young star announce he's quitting the nfl. he's walking away from millions because -- he's worried about the damage doing to his body. we have a retired player coming up next. would he have quit it earlier
11:28 am
11:29 am
and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction 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
11:32 am
sure into a live look at the senate homeland security committee. under fire after recent report shows big issues in the agency appeared cheryl, you have been looking at what they've been saying. cheryl: basically homeland security general studies behind these reports and this agency is vulnerable. human error is rampant in the tsa when it comes to not just security checks but hiring personnel. the vice director basically said the entire culture of the tsa is full of fear and distress. they are slamming the tsa. homeland security officials. fear, distrust and complete human error that we are both verbal. true into thank you. an update on the break-in is from new jersey ruling in favor governor crist favor governor crist he over $1.6 billion
11:33 am
pension favor that christie agreed to make. he did not make the payment and that is okay. governor christie released this statement moments ago. it's time to move forward and work together to find tangible long-term solution make in our pen insists affordable and sustainable for generations to come. adam, you think it's a victory for taxpayers. >> absolutely. new jersey cannot say we will raise taxes to fund her obligation. the legislature has to find a way to fund the pensions but you can't go to taxpayers of this david orr. stuart: is that what the judge said or the court said? >> it's up to the legislature to figure it out, but constitutional to withhold the pavement. trim to adam, thank you. the dallas negative four for the year. kind of a go nowhere at lunchtime. one stock surging. lululemon expecting revenues of
11:34 am
up to $2 billion, up 7%. shares of gm are at 35. chrysler wanted to merge with gm gm chiefs that it's not going to happen. the fda set to approve new cholesterol drugs that can save americans from heart attacks. these are the companies. amgen fantasy and regeneroregenero n which is not yet open for business pending the fda decision. the big market moving today as oil at 3%. the price of oil close to $60 a barrel. energy stocks in that direction because of the price of oil. deal may factor higher than this morning overall. gas down overnight. 274 is your price. where is the gas price plunged. a tractor-trailer carrying 2200 piglets overturned outside of dayton. they escaped emergency crews
11:35 am
rangel as many as they could. some escape to a nearby wooded area. 400 pigs were killed in iraq. two people in the truck when it overturned. neither suffered serious injury. for san francisco 49 players have retired this season. this off-season. three of them under the age of 30. what does this mean for the future of the nfl? [inaudible] mr. jackson welcome to the program. good to have you with us. you have retired. you have done well. i know you've done very, very well. in hindsight was you have retired at 25, 26 taken the money and run without any damage to your question arc >> he you will open up with a tough question. it is about a value proposition once i got into the league, what i know now i would not have stepped away. i understand how these young guys are lucky not this data and
11:36 am
it's scary to be quite honest with you. i would love to gain too much. once i got a taste of it and i've been a fan all my life. there is no way you could get me out of there except when i couldn't play anymore. >> do you think this is a trend in the nfl? we have seen quite a few young players taken the money because on the screen right now these are the 49 players who've retired. they made a fair amount of money by their 20s and they are walking away. i can see this happening with other teams across the nfl because the money as they are and they don't want to take the risk. >> it's already happening. five players under the age of 30 retired this off-season and for those five have degrees and i don't think that is some happenstance. these men are well-informed and looking at totality of their
11:37 am
life. there's a lot of data coming out that is very very scary. unfortunately it is a disturbing trend of a fan first. i am a fan first and this makes me nervous that our game is going to begin to be affected tremendously. stuart: you're a defensive lineman i think. i risk of making a fool of myself i will try to define what a defensive lineman does. you are either brushing the opposing quarterback or plug in a hole in your line so you guys can tackle the quarterback with a running back. >> nice job, stewart. you crammed last night. that's what it was. i played on the tampa defense. our job was to rush the passer. we didn't plug holes. we made plays. the bottom line is every play was a slow speed car crash. we know now that repeated hits
11:38 am
not just in games but in practice every day. learning out. learning now but if that is doing to our brains. stuart: did you feel kind of busy or you took a hit well what is going on. he must've felt like that during her career. again this is the nfl and the football. it is a violent sport. you have to make yourself comfortable with being on comfortable as part of the deal. guys who have a problem with pain and dizziness get weeded out quickly. that is that value proposition this young men face right now. should we trade our bodies and sometimes our brains for dreams and the money. it is a tough call. stuart: here's one solution i've heard proposed by some people. i don't expect you to go along with it. abandon helmets. no helmets because of red e. also a violent tackling sport,
11:39 am
there are no helmets that people have a sense of restraint when they go into tackle. do you think there's anything in that? >> i do. i was taught by the late great joe paterno to use your face mask is a point of attack on a man's chest. put your face or disturb them. that was a proper tackle. since then they begin to legislate those tackles out of the game. if you take the helmets off it is going to be all shoulders and all chest and certainly that will then mitigate high speed collisions that affect again. here's the deal. if they came affect it? if you and i were handicapping this league and making it a style, the guys on the street would say this is a hold or a cell because what draws the fee and then are these high-speed violent collisions. you take the homicide that goes away. stuart: you are right. you were a good man.
11:40 am
anytime you want to come on the show you are welcome because you got an interesting point of view. >> don't say that unless you mean it. i'll be in the studio next week. stuart: are you in new york next week? >> i may be. you never know. stuart: it was a pleasure. thank you. my interview with an anti-phrack are a little heated yesterday getting a lot of buzz. up next two men who will fight for my honor. judge napolitano and neil cavuto up next after the break. ♪
11:41 am
♪ (music plays throughout) ♪ the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... from the smallest detail to the boldest leap. healthier means using wellness to keep away illness... knowing a prescription is way more than the pills... and believing that a single life can
11:42 am
be made better by millions of others. ♪ ♪ healthier takes somebody who can power modern health care... by connecting every single part of it. realizing cold hard data can inspire warmth and compassion... and that when technology meets expertise... everything is possible. for as long as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here. >> by dow jones industrial average mr. negative territory into path of victoria. 17791, but still negative for the year. the s&p up to the level of 2072.
11:43 am
the nasdaq down nine. energy has been a leading performer at $16 a barrel. winners as well as transocean. this stock hit a new low. a quarterly loss said they are not likely to be profitable for the year, but a worse is behind them. another new all-time high. orange is the new black starts on friday. coming up after the break our road neil cavuto and judge napolitano talked frank keating.
11:44 am
it's more than the cloud. it's security - and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next.
11:45 am
stuart: chrysler wants to get together with general motors. general motors has no way. joining nasa's jeff flock. this is not going to happen. >> sergio marchionne is a persuasive guy. gm had pretty good luck. the activist investors to force them to give back a lot of their money and redistribute to the stockholders. so marchionne thinks he can get investors on board to push for a merger. gm stock is not exactly done very well. mary barra saying today essentially no it's not going to happen. she doesn't want to happen.
11:46 am
the investors on a big piece of the company. stuart: i was reading was sergio marchionne had to say. only room for three major car companies. toyota, german company and general motors. too many factories producing too many cars. >> you said collectively they spend $2 billion to make to do the same sort of thing. you've got to do would make the world's largest -- i think as we know, gm has been there before done that. hager is not always better. then so why should nice. we'll see you soon. yesterday i had a contentious interview with josh fox. he is the anti-tracking guy and
11:47 am
director of the movie gas land. >> you are absolutely wrong. stuart: i did it myself. >> i do believe you are lying right now. stuart: the interview is over. you perhaps know them. neil cavuto and judge andrew napolitano. to you first. even though i'm significantly older than you i suspect they've got a great deal more experience in contentious interviews. did i do the right thing by saying the interview is over, get out of my studio. >> i think you did the right thing. all bets are off when he called you a liar. what i found most unusual you treated them like an angry schoolmaster. especially when you said i hope i can give you credit. the interview is over, young
11:48 am
man. don't call me a liar. don't do that. it is screaming like a hogwarts episode and a scary one at that. the guy had to be shaking in his boots. all kidding aside you are well within your rights to call it off with a college you a liar. they changed the tenor and the toad. -- tone. tree into thank you, neil. judge napolitano, how did i handle it? >> television is visual. i thought it was great television. look at all of the free advertising you're getting. >> you dragged me in. >> that it next year. what is the copy of the constitution doing here? i've got to test my knowledge? >> a copy of the united states
11:49 am
constitution was left on the site here. this courage of obamacare. >> she knows the constitution. stuart: the argument with that guy was about whether or not you could light the water in downstate new york where frak enis sometimes carried on. >> put aside if i made the debate on tracking. is questioning what you could do in your own home. he is in no position to a bodyweight or truthfulness about what you said you could do in your own home. stuart: meal, even though you've never visited my farm with them many times i've invited you though you've never appeared. >> you never invited me once. as i kept track of your farms and homes across the world you have one in every zip code. i couldn't follow u.s. i tried. even on a broom. what this guy did that is to say you can argue all you want. many people on both sides do.
11:50 am
an area that is shielded to protect it from the sort thing is fine to question. it is quite another when a guest you invited and you are the host is saying you are a blind host. get out of my house. stuart: thank you very much. when they give a promo for your show that comes up. i'm coast-to-coast, former new york stock exchange shared to grasso and director the great ken langone. don't miss it. neil wants you to watch in the why. >> we also have jk rowling to characterize your approach and tone. stuart: you are lying. >> there is no better put down and to say the interview is over young man. stuart: i will be watching. >> can you imagine that?
11:51 am
>> that is good stuff. >> i have to talk to about all this free pr you brought. tree into up next one man on a mission to solve the homeless problem in los angeles. build them tiny houses on wheels. he joins us after this. ♪ you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. when you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about.
11:52 am
that's where at&t can help. with the tools and the network you need to make working as one easier than ever. virtually anywhere. leaving you free to focus on what matters most. shopping online... ...is as easy as it gets. wouldn't it be great if hiring plumbers carpenters and even piano tuners... were just as simple? thanks to angie's list now it is. start shopping online... ...from a list of top rated providers. visit angieslist.com today.
11:54 am
you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™ you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call 1-888-438-9061 to learn more. switch to liberty mutual and you could save up to $423. call liberty mutual for a free quote today at 1-888-438-9061
11:55 am
see car insurance in a whole new light. liberty mutual insurance. stuart: giving homes to the homeless to all this summers is spending his time and his own money toting tiny houses for the homeless. each april blog structure costs about 500 bucks. elvis joins us now from los angeles. welcome to the program. great to have you with us. have i got it right? very small homes for individual homeless people. why do you -- why are they on wheels? >> well for city ordinance they has to be -- they can be just sitting in a street. when i built a i built to house i built a house for smokey, i put it on wheels in case you
11:56 am
have a problem and needed to move it somewhere else. it would be easy to move. it has to be every 72 hours. stuart: how did this thing start? >> smokey is to come by my apartment and asked for recyclables and i told her i would save them for her. after a few months i started getting to know where, asking her questions about where she grew up how old are you and what did you want to be away now. stuart: with god video on the left-hand side of the screen. you build these things yourselves then there are a movable shelter. that's what it is. how many are on the street right now? >> just one at the moment. i'm in the process of building a few more bright now. just the one is here in l.a. stuart: what is the reception so far? >> it has been great.
11:57 am
overwhelming actually. people all over the planet have been e-mailing me and wanted to send kids and packages for the homeless to help. a 5-year-old from australia donated five bucks. stuart: you can see the problem coming if you have 500 lineup down the down the street that might be a problem. >> well, yes and no. it could be a problem. who was it a problem too? stuart: not to the homeless i'm sure. you're a good man. 500 bucks of your own money putting it together. join us again when you've got a few more on the road. >> thanks for having me. stuart: we will have more "varney & co." for you in just a moment.
11:59 am
12:00 pm
made from that race to children's charity, good man indeed, great guy to have on the show. my time is up. neil cavuto is next. neil: thank you very much. big doings in new jersey today if it could have national implications. you may have heard earlier new jersey's highest court ruling in the governor's failure that he did not have to make good on a payment to the state pension fund many in the union movement in new jersey said this was the them when they made concessions to him. some of you may recall the governor had said conditions had changed markedly in new jersey and revenue deteriorated markedly and the $1 million payment in abundance, he promised that ahead of time, couldn't be made. does this affect the presidential race in a dramatic way? no but it removes one big problem for the governor. the back-and-forth of what happens with the
161 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=835791468)