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tv   Varney Company  FOX Business  June 15, 2015 9:00am-12:01pm EDT

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trade. >> why is that company public? >> that's an area that's dying, fit bit. it's going public at the wrong moment. maria: john hilsenrath and dagen mcdowell stuart over to you. stuart: germany and greece do not have a deal. greece can't repay their debt. we are down today. we're dancing to a greek drummer. the pope and the president, president obama, perfect together on climate change and income inequality. there's a policy alliance emerging here and again, your money is at stake. i've got a question for you, does disney yeah big bucks disney, have an obligation to let middle america into those extremely expensive theme parks? here we go on monday morning.
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greek tragedy, papal politics and the morality of money, your money. "varney & company" is about to begin. ♪ ♪ i'll be back in the high life again ♪ >> yes, i could almost sing that, back in the high life again. sort of an falsetto voice i don't have. big names lined up for you. kt mcfarland making a cold war era move. that's in the next hour. retired pro athletes antoine walker and bob scott. one of them took care of his mother and the other -- took care of his money, and the other one lost wait for it $110 million. and from the editorial board, i've got breaking news for you,
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remember southeast blatter he stepped down as fifa president two weeks ago. corruption allegations surfaced and he stepped down. sepp blatter may stay as the head of the world soccer body. you see, soccer can be interesting america. corruption steptss in and we're interested. we have more on the escaped prisoners, they were going to murder the prison worker's husband? >> joyce mitchell said she did intend to go to the manhole cover to pick up david sweat and richard matt and a source close to the investigation was the plan was to as they're getting out of town kill her husband lyle. she says according to the
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source, not confirmed by police, it wasn't just a panic attack that made her stop because she still loves her husband. they are he a saying that she had a relationship not getting into the details, with one of the escaped inmates, it's believed the escaped inmate was richard matt the older the two. >> she's the story, not the hunt for the two guys by the way it's infighting amongst the police officials in the hunt? >> there is infighting and you point out she's the story, but these guys are on the loose, nine days later, part of it the different state police organizations are not coordinating according to different reports and you have experiences where one team is looking for the guys and they come across another team from another state and they meet up in the woods and that can be dangerous because they're not coordinating each other who is going to be where doing what. stuart: don't tell me governor cuomo wants sole responsibility for the search and credit when they're caught. >> if they're caught they're nine days on the lam at this point.
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stuart: nine days out. problems over there as in europe, affecting your money here, as in america. here is where the dow is likely to open this morning down well over 100 points. europe preparing for a state of emergency as the greek talks collapsed on sunday. greek is closer to defaulting on the saga of debt and our market is going to continue. then we have disney it did i can ma a strategic decision not to offer a discount to its middle class patrons. theme park admissions are more than $100 per adult per day. there they are, mary i mean to some degree isn't this a political or moral question. does disney have an obligation not just for the rich who could afford $100 a day, but the middle class. >> does lexus have an obligation to sell me a car at a price i could afford? i'd like a lexus and a loft in tribeca. we can't allow anyone to set
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prices other than the private market. why are disney prices up? because of supply and demand because of general inflation, because they've added to offerings. stuart: hold on, let me come at you like this isn't there an obligation of this company to go back to its middle class roots? >> according to whom? >> well i'm asking. can you impose that obligation? >> no look this is a crazy story. disney's admissions have gone up even as they have raised prices so you could almost make the argument they were underpricing their offerings for years. and look it's also a competitive opening. there are other theme parks out there stuart. >> and a capitalist-- >> i'm a big fan of disney the polynesian, i love it. they are under no obligation to serve anyone. this is how the market works, stuart. stuart: you're tough. on principle, i'm with you. you know what admission was to disney disney world in florida, day
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one. 3.50 per adult. but he didn't-- >> 50 years ago. stuart: 1971 disney world. disneyland, 1950's admission day one, $1 per ticket. all other theme parks were free at that time and disney imposed $1 a day and now it's $100 plus per adult. i'm with you, mary don't worry. hillary clinton took a sharp left turn over the weekend in announcing her 2016 run, making it all about income inequality. all right, adam. she sounded a lot like elizabeth warren if you ask me. >> she tried to go more to the left, but maybe not enough to the left like elizabeth warren would want. if she becomes president, paid family leave, universal pre-school and going off hedge fund operators, she says the top 25 hedge funds directors earn more than all of the kindergarten teachers combined in the united states she's
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clearly laying the field for class warfare, going after war street. hillary and bill clinton over the years raised over $1 billion dollars. let me repeat that $1 billion from wall street. 208 million comes from j.p. morgan chase and goldman sachs, she never explained exactly how she'd go after the top 25 hedge funds earners and most are a losing proposition. stuart: general wisdom says she tacks to the left because-- >> no no. >> you're further left than she is. >> it's convenient that she didn't mention the six years of the same policies she's touting and the results the policies had. she and the democrats are the reason that-- >> she's not left enough for the democrats. deblasio who ran his senator campaign to 2000 didn't get to her event in rhode island he's talking to bernie sanders.
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she's not left enough for these people. stuart: deblasio. >> he's late to the party and everything he misses. stuart: will he have to take the tram? >> if it's working. stuart: let's move on in fact because it's a news-packed monday morning. come on in lauren simonetti in case i missed anything. >> you may have missed a lot. the gun maker, 350 million in debt and declining gun sales. the fortunes were hurt by the u.s. army contract that was lost. charlie gasparino broke this story. and a box office record, this is huge making in more than half a billion dollars over the weekend. here in the u.s. ticket sales topping $200 million. pretty close to the current record holder with the avengers back in 2012. target is selling its pharmacy and clinic businesses to cvs health for $1.9 billion.
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that means about 1500 pharmacies in target stores will now be rebranded as cvs. the deal also expands cvs' retail footprint in seattle and portland and areas where they don't do so much business. target expects the proceeds from this sale to help it fund share buybacks they both get something and a fun story on a monday. stuart: it's an important story. the clinics, taking the place of a doctor visit. consultation is free at the clinics. >> i'm not sure if it's free at target, but you see that the clinics replacing the hospitals yes. absolutely. and also the fact this gives cvs brand recognition in target. stuart: thanks very much. washington state, n achlt achltaacp chapter leader rachel dolezal will not speak about the controversy over her race. she's not going to do it. i don't want to get into the
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ins and outs of the race and to me, this is a twitter story because when this news was announced that she's not black, that she's white, out the twitter trolls and she was murdered on twitter. this story has legs and life because of twitter. >> well it has legs and life because of twitter, but also a story of the left eating its own. why are the groups like n achltaacp still around? they exist because of the leadership. you can't possibly have a white woman atop a black organization regardless of what she's doing or isn't doing for that community. >> i wonder why she canceled tonight's statement? she was going to appear and answer questions. >> she's definitely got something going on in her head. there have been caucasians atop before. but what is the purpose for
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2015 for an organization which have roots in circa 1905. they have not evolved with the times. and she raises an issue, all kinds of issues simply because she identifies as african-american is that enough? there are places where you identify as a certain gender or apparently a certain race you get access to certain things. stuart: i think that twitter is the channel for complaint. that's what it is. that's most of what it does. complaining and invective coming out there. i think that's a story about this going on here. but i digress, do i not? president obama and the pope on climate change and income inequality. an alliance is forming. it's going to cost you money, of course. what does judge napitano think about that? he's next. ♪ i won't back down hey baby ♪ ♪ there ain't no easy way out ♪ ♪ i won't back down ♪
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you probably know xerox as the company that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely configure e-mail every month? or how about processing nearly $5 billion in electronic toll payments a year? in fact, today's xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. with xerox, you're ready for real business.
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>> two updates on terror. first to libya. air strikes have killed a major al qaeda leader. authorities say he was responsible for an attack on a gas plant in algeria where three americans were killed. this was not a drone strike. two f-15 fighter jets carried out the attack. also, developing the pentagon says six detainees at guantanamo, including two alleged usama bin laden body guards have been transferred to oman. the first time in five months the guantanamo suspects have been transferred. remember, congress is considering new restrictions on that kind of a move. coming up 10:00, top of this coming hour we'll be joined by a national security expert kt mcfarland. the u.s. is moving heavy weaponry into eastern europe that's new, is it a new cold war beginning? top of the hour coming up.
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pope francis will have a policy declaration on climate change and income inequality. it's similar if not identical to president obama. all rise judge andrew napitano is here. >> do i have to talk about this? [laughter] >> 35 years ago, john paul ii the pope had an informal alliance with president reagan and talking morality and today the pope is talking politics. >> you're forgetting the third one margaret thatcher. john paul ii ronald reagan and margaret thatcher the moral basis for eastern europe. is the pope going to provide the moral basis for what? regulating pollutants in the environment?
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if that's the case and if that's a moral argument what concern is that of the holy seat? >> he should be concerned with one's spiritual-- >> i would think so and hope so. look, there are three lels of papal statements there are three levels one is a policy statement the other two are more or less his opinion we don't know in what form this is going to come. we have to actually read it after it's announced and issued in latin, they'll issue an english translation at the same time. i don't know if he's going to compel catholics to a certain agreement with him? does he have the authority to do that, but i think is he going to suggest that the government has the duty of keeping the environment clean because that will help save the poorest among us. now if he wants to issue that as a political statement to me that's jorge bergolio also
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known as pope francis giving a political statement irrelevant to catholocism. if he's going to move the church behind something, it better not be political. stuart: supposing i were a catholic-- i'm a global warming skeptic, i'm a catholic and a skeptic. where does the papal position leave me? it's a political-- >> he should continue to leave you with freedom of conscience with reject be skeptical about prevailing views on global warming. if the pope is going to say catholics have to get behind the left on global warming, that would be absurd and cause a schism in the church. stuart: it's not schism it's schism-- >> the london school of economics it may be schism mr. skeptic. stuart: can i suggest this? we're with pope john paul ii when he opposed atheism.
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but we're not necessarily with pope francis when he promotes climate change and inequality. >> this pope is notorious for saying whatever he has on his mind. all the theologians, all the language and there's no many a a-- ambiguity in there. >> any way you slice it when you've got president obama aligned with pope francis, it's a powerful force shifting worldwide. >> it's difficult to have a correlation between what the pope is saying and what his duty is which is to save souls not political reputations, but souls, to get people into heaven after they die. stuart: do you think it will give democrats some of the catholic vote? >> no no i don't think it
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will, i think it will give democrats something to crow about because the pope agrees i can hear hillary saying that. stuart: you didn't want to do this subject? >> it's a pretty good subject. stuart: you were skeptical. do you feel better about that. >> and especially about the pronunciation of schism. stuart: how do you spell it? >> s-c-h-i-s-m. >>, schism. monday morning, a little you know-- all right, judge, thank you very much. are we seeing you later? >> i think so. stuart: good. we are seeing you later. >> if you wish. stuart: that's good. thank you very much. deadly floods in eastern europe, leaves a dozen people dead and those same floods setting zoo animals free hippos, lions, tigers, wolves on the loose, an extraordinary story. you're going to see this one again in a moment.
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their enclosures were washed out. adam, this-- look at the bear on the second story and the hippo had to be tranquilized with a dart. >> the video is incredible. there are 20 people still missing and unaccounted for and it was usually not flooding, but it destroyed the home. 20 people missing, 12 people dead and also a beloved white tiger escaped was found shot on zoo property. so the authorities in georgia were trying to figure out who shot the tiger, but trying to round the animals up and using tranquilizer darts to have them subdued. stuart: i can understand how some of the animals would be in danger from humans because the humans don't know what the animals are going to do. >> it's a tiger, let's not forget, this is an animal that's a predator. they have to find out who shot him and why. >> extraordinary story. thanks. another big bank says stocks
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>> 15 seconds from the opening bell. we're expecting to see the market open sharply lower. down more than 100 points. this is because the greek bailout talks collapsed, because of new information on that coming in and i want to see that market open. let's see the direction first thing this monday morning. futures were pointing down about 120, 130 points okay now we're down 46 after 30-odd seconds, down 50 down 53. we are heading south this monday morning. adam shapiro is with us. keith fitz-gerald is with us from portland oregon. scott shellady from chicago. first to you, adam we're hearing that the greek prime minister says the negotiations can resume at any time. is that going to make any difference to the market? >> to the market perhaps, no. what is key here is that the greeks are starting to understand that europe is prepared perhaps to let them go. they're not as concerned as
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portugal and spain to follow. what would happen in greece would be horrific. you would have retirees as well as government employees who would not have money. they would have no income. the greeks don't want to fight another civil war. stuart: they've got to have a deal by the end of this month? are they in or out by the end of this month, adam? >> they are in. stuart: keith weigh in on this one are the greeks in or out of the euro zone by the end of this months. >> i'm taking the other side of that coin pardon the pun, they're going to be out. stuart: out. you say the german taxpayers will not under any circumstances fund greek pensions and they'll force them out? you're with that definitely? >> yes i am i think they've reached the limit of patients and understanding and it's like giving the florida keys out of business, it's going to stink for everything inside greece the scheme of the eu the bigger picture is more important. stuart: scott, you're nodding your head. the dow is down 143 points as we open up. if the greeks went out as keith
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suggests, you think this stock market would take a big hit? >> i don't think it would take a big hit, but it will definitely take a hit. we keep worrying whether the greeks can pay their next payment. i think they'll be out, maybe not the end of this month. what we have to worry about is their economy. they're contracting and 28% unemployment in the country and much, much higher for young people and their economy is visible. it would probably hurt in the short-term, but we've got to rip that bandaid off to get better faster. they're going to be out maybe not as soon as you think. stuart: we're down 169, 173 points as we speak. that puts the dow in negative territory for the year and ubs adding to the growing chorus of bears on wall street. they say we're going to get a correction this summer. back to you, scott. correction this summer? here it comes, what do you think? >> well a correction in summer, we're basically zero up
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on the dow. i think we could go lower. unfortunately i say that with tongue in cheek, too much money out there with quantitative easing in europe and japan, and bottom pickers there. we could trend lower 2 to 4%. stuart: keith, what do you say, down this summer? you're nodding your head? go. >> yep, yep, from a traders perspective i'm with scott, minor hiccups. every central banker wants-- pushing interest rates off the table. stuart: i've got goldman sachs and ubs, all saying down correction this summer are you going with those guys? >> i'm going to go with the trade eone said emotional capitulation, they're tired of the up down up down they want out before they're caught holding a buck.
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stuart: and the story i mentioned earlier, cvs made a deal with target to rebrand and operate target's pharmacies and clinics a big deal. the stock of target is up virtually no change in the stock price there. i read this, has target taken over the job of doctors, and clinics in their stores and handling complaints and treatments for various customers? i think that's a change in the nature of delivery of medical services. i think this is a bigger deal than the stock price implies. a way to look at netflix? we follow it closely. what a terrific couple of weeks it's had. last week all time high 6.92. and look a the it now, $16 lower this morning. how about oil? it's below $60 a barrel. 59.26 to be precise, down for a third straight day. and that's bringing energy stocks down. natural gas companies, drillers, oil, all of them are down in percentage terms. that means something.
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look at lumber liquidators. the company announcing it's fired its merchandising chief. down they go. lumber liq 21. legendary gun maker colt bankrupt. this as the competition is doing well. nicole, give me the story. nicole: a legendary gun maker, going back to the 1800's pioneer of the mass production of the revolver. what happened was they lost a big contract with the u.s. army for the m-4 line and also saw a slowdown in rifle sales, as a result they've amassed debt and had to file for chapter 11. in the meantime take a look at sturm ruger and also looking at smith & wesson, both of the stocks are slightly to the down side today, however, these two companies are doing great, stuart. each stock is up over 60% and this as demand continues because the enthusiasts are running out and getting their guns they worry about more regulation.
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so you can see overall, two names to watch here that are winners and clearing out pacing the s&p 500. colt is an interesting story. stuart: they say that sturm ruger and smith wesson have a better product than colt. colt is out and the other two are going up. nicole, thanks. you can't cover the stock market unless you cover twitter these days. after last week's shake-up on the corporate board, it's down this mork. morning. keith, you've been down on twitter or is it the bargain price 34. >> no i don't think it's a bargain. they've had a zillion people left the product and for bullying. and they're less likely to go with twitter, going to other networks. i think it's a short. stuart: that's interesting, you brought up the same subject we were dealing with earlier, the bullying on twitter, the entless stream of invective that twitter carries, it puts a lot of people off. >> it's vicious and once the trolls are loose, no place to
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hide. whether they're right or wrong is irrelevant and twitter does not seem as a corporation to step forward or defend its users or morals or take a position on this. stuart: maybe some more changes coming at the top of twitter. we shall see about that one. look at alibaba, launching a new on-line video scream streaming service in china. alibaba is back to 86 just. keith back to you again. would you buy alibaba at 86? >> i think alibaba is a screaming bargain at these price levels because they study what's going on in the rest the world carefully, they're well-funded a lo the of cash. talking a huge market. by the time what they're doing in china comes here if i were netflix i'd be extremely concerned about this. stuart: i've got a question for scott shellady about the escape tax. in switzerland they held a referendum, having an estate tax a death tax or not. they said no we don't want an estate tax. scott if you had exactly the same vote in america, a single
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issue state tax yes or no which way do you think it will go? >> well i think it would be yes, but for me an absolute no. here is the reasons why. i think that's a tax on money that's already been taxed, stuart. i understand why it was invented 200 years ago to break up large rich families in europe. we have an issue here, take for instance, a farmer, his land was bought by his grandfather, paid for in cash and now we've got farmers in america, backbone of the country, having to liquidate the farms to pay the inheritance tax, that's ridiculous and not what it's there for. it's money taxed being taxed again, that's double taxation. stuart: there's an easy way to fire up scott. talk death tax and away he goes. believe me aim with you 100% i'm a farmer and you're a farmer and know what we're talking about here. how about you, keith, portland oregon. >> oregon would vote yes. i'm with scott, no not going
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to have it. i don't think it's necessary, don't think it's relevant not in today's world. stuart: just double taxation. last word to you on estate. >> on estate taxes you have to raise them high. what what the government says they're trying to do you have to earn the wealth inheriting from had your parents, you'd raise the bar much higher to protect the farmers, but hold true to our principles. stuart: oh for heaven's sake. he's written his ticket out of this studio. [laughter] you other guys you're great. adam we may see you later. stuart: president obama's trade deal shot down in congress and paul ryan thinks he could be resurrected and he says the president has a lot of work to do. adam, you're still with us. talk to me about trade. the republicans, it looks like they'll reintroduce it see if they can get it through and probably can, will they reintroduce it without the climate change stuff and without the income inequality
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stuff? >> they're not giving-- not showing their hand yet. what they're saying the president and throwing this on the president, he's got work to do. he's got to lobby the democrats. the president's own party said absolutely not. and people voting against it were lobbied by huge labor interests. we were down in washington in april and may and we saw the lobbying effort by the afl-cio. everybody was down there and the president doesn't get reelected in 2016. those members of house and the senate do. stuart: you know what worried me about the original deal? it was that the president and the bureaucracy would have the authority in years to come to negotiate with 60-odd other countries about issues like immigration issues like climate change. i don't want to-- >> they don't belong in a trade bill. stuart: don't belong in a trade bill. they belong with we the people. >> issues that pertain to the united states are things that people should have a say, absolutely.
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stuart: i'm for free trade, but not wrapping it up in the immigration and-- >> others have fast tracks on trade bills, but not the oversweeping gargantuan-- >> wrong on the death tax, but right on this. and the greeks repaying their debt or otherwise. reports of military buildup in eastern europe the likes of which we haven't seen since the cold war, bringing enough fighting equipment for maybe 5,000 american troops who could be deployed in several baltic and european countries. much more on that in the next hour. kt mcfarland is coming up. 10 a.m. eastern. and we're starting trading, another minute into the section we're down back to 17-7 for the dow industrials. right immediately after this break more information on the dallas shooter. you won't believe how he got
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some of his weapons. we're talking armored cars for sale on ebay. that's next. coming up the california drought, how rich people there, some rich people anyway think they're entitled to use as much water as they want because they can pay for it. now,there's a moral conundrum, hey? ♪ if i was in l.a. california dreaming, on such a winter's day ♪
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>> oh down some more. off 181 points as week speak for the dow industrials. 17, 713 and moving fractionally lower as we speak. look at twitter stock, that what you're looking at is a 52-week low. $34 a share on twitter. now this. california's historic drought, rich people in some towns, notably rancho santa fe argue
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they can use as much water as they want because they can pay for it. the morality of that adam? >> well water is something that everybody shares and jerry brown has said to especially people in those communities, you're going to have the biggest cut of usage of water. an article over the weekend a man was quoted if i can pay for it i should be able to use it. if you weren't on an emergency drought situation something essential to life you might make that case. california has policies which are not reversible quickly, not providing water for people, but providing water for that smelt, you're going to have to do something and paying for it-- >> let's not forget the fish. rich people saying, i want it and-- >> i think the whole thing is a sham, i live in california. i know we're low on water,
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that's true. but that you cannot buy the water from another part of the world that has ample water is-- they don't want to spend the money. >> there was talk years ago piping water from the great lakes out west. you'd have to build a huge piping or canal system it's perhaps not engineering-wise to do it and the amounts of water you need desalization is the way to go in santa barbara-- >> and putting trillion. >> and they only found one smelt in the inlet. they grow them in a lab and release them. stuart: don't get me started. >> i don't think that the answer is with the end user with the home owner or resident. i don't think it's that big compared to really coming up with some bigger better-- >> they haven't built the reservoirs they were told to build over the last 40 years. stuart: thank you, adam. >> taxes, don't ever mention it
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again. the dallas shooter bought the armored van he used on ebay. there's plenty more military hardware for sale on ebay as well. and ebay surely has a policy of whether or not you can buy this stuff on ebay? >> wouldn't you think they'd have a clear policy? they have a lot of policies about dangerous things you shouldn't be able to buy. military equipment, police equipment, however, they're not real clear when it comes down-- >> we're showing the armed van, he got that on ebay. >> 1995 ford van ironically used by the very same police force who then sold it on a website called government deals.com to someone in georgia. this guy in dallas went and bought it on ebay once it was listed there, as this zombie killing machine, and simply drove it back into texas. stuart: what else could i get in terms of military hardware
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if i wanted to? >> this is why i'm scratching my head today. after what we've learned, after what just happened i thought, well, hypothetically if we wanted to go shopping for this kind of stuff, that might not be good to have a whacko have well, you can actually buy a tank on ebay at this point, a personnel carrier, we're shopping on ebay for a tank. how wild is this. stuart: you could buy that right now? >> $150,000 it could be yours on ebay. this may have been in world war ii but it's designed to blind aircraft above, a giant light when it comes up. this is crazy so we could buy this light to blind people with. should we be able to buy that kind of stuff is really the question. and should we be able to-- should there be greater controls with regard to all that to be able to right now go
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on here and get the personnel carrier is notice. stuart: as you're showing us this stuff which you can in fact buy. >> you can. stuart: raise the interesting question, should controls be placed? you're shaking your head adam. >> the cat is out of the bag. >> there are auctions for this kind of military equipment and up until this 1995 ford van incident, nobody has used a tank or a light to blind an aircraft, i mean we could of regulations and prohibit things endlessly, and we wouldn't have a life. personally i'm not going to spent $150,000. the whacko is one out of a country of 315 million of us come on. stuart: wait a second could i buy a machine gun? an uzi on ebay? >> no they're very very clear about that policy. stuart: what about an assault rifle? >> no you may not buy weapons any longer on ebay. there was a time you could do that. stuart: you can't do it, but this kind of military hardware you can.
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>> the question comes down to i agree, i mean you should be able to buy what you want, but i don't know if someone should be able to buy this and drive it around my neighborhood or storm through town on it. i think you've got to put in some policing and legislation. >> they're not street legal, they tear up the road they have to disarm them the guns don't work on them. >> true, but by the way, the van in question that happened last over the weekend, it had the gun turrets on the side which is normally prohibited, so it got an i way with that. stuart: not funny, actually. >> not funny at all. stuart: kirk. we have in this case a union worker fired for making blatantly racist comments, but now president obama's national labor relations board says the worker should get his job back and get back pay. full story next. lly opens the passages.
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waiter. water. so why would you invest without checking brokercheck? check your broker with brokercheck. 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. 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
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>> a scary scene in north carolina. two teens lose arms in separate shark attacks. again, this is separate attacks. they were two miles apart. most unusual situation, both teenagers are out of surgery. they're in stable condition. oh, what a summer story. and now this.
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a union workers at cooper tire rubber tired for making racist comments and a union demonstration however, now he gets his job back. first of all who was he what did he say and where did he say? >> he was a united steel worker on a picket line outside of cooper tire and yelled racist things about replacement workers, they were black. did you bring k.f.c. where is the watermelon horrible derogatory things. cooper tire fired him and nlrb-- >> who took it to nlrb. >> the union did. stuart: representing a person who made racist comments. >> saying he should get his job back, and because it was on the picket line it was protected union activity. cooper has to not only give his job back, but back pay and adverse tax consequences.
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stuart: i'm surprised this is president obama national labor relations board siding the union-- basically going against-- no, basically going against the decency of our labor situation here. >> cooper was upset about it and said this violates our policy. we don't believe in racial harassment. we don't want this employee and i think it's tam trampling over the-- >> now the company could be held liable by the workers insulted presumably, but now they say you can't fire this guy. >> and national labor relations under the edmunds rule you can't investigate a union official even if he's engaged in intimidation and violence if he's doing legitimate union activity. stuart: that's strange how things work. thank you for bringing us the stories they're intriguing. >> thank you. stuart: the u.s. makes a cold war era move.
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moving heavy weaponry to eastern europe and i mean heavy weaponry and equipment. kt mcfarland national security advisor has thoughts what they're up to. i've smoked a lot and quit a lot but ended up nowhere. now i use this. the nicoderm cq patch, with unique extended release technology helps prevent the urge to smoke all day. i want this time to be my last time. that's why i choose nicoderm cq.
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. stuart: here's a big story at the top of this hour. a return to the cold war era? the pentagon responding to putin with a strategy unseen since the days of reagan. heavy equipment will be sent. thousands of american troops may go over there too. closer to home. hillary clinton taking a sharp turn to the left. she wants to tax regulate, redistribute, and forget all about the debt. joins us here about that. revelations about rachel causing a social media firestorm. she's she's black her family says, no she's not. some say it's ethnic fraud. the second hour of "varney &
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company" starts right now. ♪ ♪ . stuart: the market is the lead and look at it right now. the supreme court ruling on obama subsidies could come down this hour. we are told. we're obviously watching that one for you because that has huge implications for the whole structure of america. and as i said the big board stock market, that's the lead, we're still dancing stock tucking negative for the year, by the way we're down 160 points because a meeting about greece's debt ended after 45 minutes in basically collapse. our stocks go down. look at the price of twitter stock. that's our 52 week low we're on that one as well. $35 on twitter right now. the price of oil below $60 per barrel, 59.33 for the day.
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and look at this, the u.s. launched a military air strike that likely killed top al-qaeda leader. he was believed to be behind the gas plant attack that killed 35 hostages, three americans included. and then we have the united states poised to store battle tanks infantry fighting vehicles and heavy weaponry in west european countries. for up to as many as 5,000 american troops who could go over there to use this equipment. look who is here? fox news national security katie. this is a cold war era development. this is a progressive movement. >> it's not aggressive. . stuart: no? >> this is called prepositioning. in the cold war days, we would have equipment in the nato bases and then conflict break out, they would just send out their troops and we would be ready to go. what this is we've never repositioned this equipment in
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the baltics . stuart: exactly. we had thousands of these tanks in germany. >> sure. stuart: and now they're right on the front line, in poland, for example. >> uh-huh. stuart: which is threatened by putin. >> absolutely . stuart: that is a good move by president obama. >> we have every right to see this? stuart: sure. >> it's not an aggressive move especially if you look at what putin is doing in ukraine, it's halfway aggressive, we haven't put people there, . stuart: all over the world president obama has been on the retreat, at least on the defensive. now he's prepositioning equipment, that's a step in a very different direction. >> well, it is, in fact, he's standing up for nato. the masonic thing though, stuart is if push comes to shove, i think putin's plan all along has been to try to show that nato is a paper tiger. in other words, i can do what i want and the nato countries are not going to do anything about it. i think the type of warfare he's developed in ukraine is called the phony war it's
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russian troops, russian fighters, but he is they're not russians because they'ver they'vethey'ver raced, what this move at the president has done is to say wait a moment you're not going to necessarily get away with that or easy . stuart: not necessarily? >> not necessarily. . stuart: bime that poll conducted in germany. because that says a lot about what europe is prepared to do. >> and that -- so you're smart to bring that up. that is a devastating poll. and said to them to the french, the germans the brits, would you fight to endorse article five? we all respond to it. i call it the three musketeers klaus . stuart: and the question was would you fight to protect
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other men other european members. >> other members of nato. and half of them said "no." as they said we don't think that germans the french -- should necessarily go to defend other nato members but they said we're sure the americans will . stuart: really? do you think the same poll had been taken five, six eight years ago there would be a different answer? the europeans would be willing to fight the russians. >> i think it was -- stuart: and now it's real. >> putin is doing this. i think -- and you've heard it here first. i think putin's plan is he's studied article five, and it's an armed attack, i think those nato countries are going to look for an out . stuart: i just heard in my ear that russian's foreign minister says we will have an iranian deal june 30th. that's what he just said that.
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now, this is russia's foreign minister says there will be a nuke deal in place. >> uh-huh. stuart: who's side is he on? >> russian's business. so that's why he's doing the deal. this is i didn't look at the whole iran deal . stuart: what about the president obama's deal? >> no. leverage. day one we give all of the sanctions up. iran gets a big signing bose when we unfrees the assets. that's day one. day two anybody who wants to do business in iran, they're lining up like a california gold rush, the chinese want to buy oil the french want to sell them cars, they believe of, all the contracts are going to let. . stuart: do you think president obama will ever get an agreement like that through congress. >> i don't think he's trying to get an agreement -- that's the other thing. i think this is an unverifiable agreement, i think it's unconstitutional. he's got an present it as a treaty. he's sending it to congress
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and he said we'll talk about this but he's not letting it go to the senate for confirmation for a treaty . stuart: it's just boiling it up, isn't it? >> it is . stuart: thank you, katie, very much indeed. i've got this for everybody. the european union has said amazon got too big for its own good. the european union are targeting amazon -- not because it's based in the united states, but because they're trying to close the way of innovation. already, adam, you've got this one. >> all right. this is the eu's top competition she's a danish parliamentarian she's going after amazon and she's making the claim about competition and innovation, but when you look at amazon, look at what its led to with innovation other retailers have had to catch on. we've seen a whole
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transformation in delivery, so the eu is going to have to make the case that amazon is destroying innovation. it does look like she's just going after a american company. stuart: what the devil do they know about innovation perhaps? what am i missing here? >> you lived there . stuart: i pretty re: regret to say i did. that's true. now, let's go to the manhunt for the two convicted killers. have made still lose. the search is on its 9th day i believe. president official in custody now she's in court this morning. she admitted into smuggling power tools into the prison, she also confessed that she was set to drive the getaway car. but she got cold feet when she found out that they planned a plan to kill her husband. that's new. we've got more top stories of the day and in case you missed all of this, listen in to lauren. go. >> hi, there. jurassic world smashing records at the box office this
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weekend making it the first movie to ever crack the 500 million-dollar global sales mark in a single weekend. the universal film brought in 205 million here in north america and $300 million overseas in especially strong performances in china and the uk. the gun maker colt filing for about protection struggling with heavy debt. its fortunes were lost by the u.s. arm contract to supply m4 assault rifles, charlie broke this story and very well more details in a moment. and you want to see what it looks like? well sherrill will show us in the next hour. i want to see what the kitchen looks like because that's where dean formed her former food network show, and right now she's looking to redo her career . stuart: wasn't she big on butter and fat. >> yes. and is diabetic and is now torquing cut calories in the bad stuff from many of
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her recipes . stuart: so there was a scandal about that and she made a become black folks. >> uh-huh. stuart: so there's two hits and her home is for sale. >> uh-huh selling it, starting new . stuart: we'll concentrate on the police. >> i know it, and i won't tell you . stuart: hold onto that. jeb bush making it official. his big announcement will come later today. he's doing all he can to distance himself from the bush name. and as assumely thousands more of the secrets have been uncovered. why the irrelevance is refusing to turn them over. i can guess that
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stuart: now, the supreme court is done handing down rulings for this day. so obamacare and same-sex marriage they're not muck the rulings so far today so there will be no ruling on obamacare today. next possible decision date will be thursday. you can bet we'll pay
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attention. check that big board. down. and it's all about greece, talks to settle their debt or created debt deal collapse, so we're down 152. and yet again i've been saying this expression, we're dancing to the greek drama. look at that. all 30 of the dow are gown. and jeb bush declares today in miami. he's released an online video and also released his campaign logo which, by the way omits the word bush. jeb. that announcement expected formal at 3:00 p.m. this afternoon eastern time. and elizabeth warren, her new mantra tax redebate, and ignore the debt. here's danny good to have you in new york with us. >> great to be here. thank you . stuart: i've just characterized her as shifting to the left channeling elizabeth warren, and am i
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right? >> you are. but here's an contradiction and this was my favorite moment from the presentation, the launch over the weekend which was i was at on saturday. after she gave this elizabeth warren very democratic address, she hugged a hedge fund manager. he was on stage and she hugged her . stuart: her son-in-law. >> indeed, but it shows the inherent contradiction; right? she cannot get back away from this stuff and she has to play this weird dance and it's hard . stuart: she beat up on wall street, beat up on the banks -- >> $100 billion, that's the only number you have to remember. wall street is contributed to the clintons over 20 years opinion it's $1 billion . stuart: in the last 20 years. >> 1 billion . stuart: the two of them -- >> 1 billion . stuart: jp morgan, chase goldman sachs,. >> some of it is in personal checks not just campaign
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donations, they were given speeches, all of them it's not as though she, you know, she's immuned. how do they get away from it? amnesia, everybody cares about the poor. everybody that knows. >> and the question is so me postrous, you can't even have it on a discussion, how are you going to carry out the interesting when you are in washington and care about the 99% or whatever -- stuart: well, she said she wants to tax the rich. if she made a speech on her family's charitable foundation, and the money goes to that there's no tax on it because it's a charitable contribution. >> right. stuart: and she gets a tax deduction. but then she can travel, eat sleep, and relax out of funds that went to that pronouncing her speech.
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so she's, in fact, avoiding the taxes that she wants to impose on the rest of us. >> correct. since the clinton foundation came into effect, they spent $60 million in traveling alone. now, i've traveled a bit you've traveled a bit not close to that is my budget -- because i don't travel in private jets, i don't stay in the presidential suites, and i don't have that luxurious lifestyle, and it's hard to live that lifestyle a and b the person of the poor. it requires her democratic opponent to take her to test. where's martin o'malley? bernie sanders has been okay, bernie hasn't gotten down and dirty saying this is disqualifying and until he does that -- stuart: well it's. >> she's shifting to the left -- stuart: she's going to win the primaries. she's lexington to the left and the because it whole democratic has shifted to the left. >> i agree with that . stuart: president obama has dragged it to the left, and
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now hillary is right in line with that. >> here's another irony. she's the only democratic to vote for the democratic war. she will also likely be the only presidential candidate in the general election to have voted for the iraq war. they don't care . stuart: all right. i want your judgment to the state of america. can a redistributionist after eight years under president obama, can another one win another four years. >> yes. she can win. totally . stuart: really? >> she will be a historic educated the war on the women will be the thing of the past. a nuclear war on women. >> yeah. her speech on roosevelt island echoed roosevelt himself quarterback making all sorts of promises, and really blaming seven years of stagnating income and job growth on wall street. i mean not -- this is -- she does not want to campaign as -- running for the third term of the failed presidency . stuart: i want to see a republican candidate who says
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i want growth. i want individual liberator, i want capitalism, that's watt the way for america to get out of this mess. >> the irony of the campaign is that she's going to be running against the policies her husband brought about in the 1990s . stuart: right. so what role willer husband play in the campaign. >> well, he played a very minimal role over the weekend and he did a campaign interview on cnn but he did her no favors in that interview. i thought he was rambling, doing her no favors, i think he's going to take a very limited roll, he'll grin, because he's really good at it. stuart: great at it . stuart: thank you so much for joining us. i'm sure you'll be back. president obama shut down by his trade deal, but paul ryan think so he can get it done. liz macdonald. my question is if you get a
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trade deal pushed by the republicans, surely it's not going to have all that climate change and inequality stuff put into it. >> yeah. and the environmentists are set in that, and they want it in there because there's a paris meeting coming up about climate change, and that would have set the stage for a climate change paul right back shot it down. the other issue too in the trade deal, hillary clinton really gave cover for the democrats to vote against the trade deal because she remained silent. why? distancing herself from nasa, which was enacted and pushed by bill clinton her husband. so the trade unions came in and out force. the green ease came out in the force, and now the democratic party has been hostage to political interest and not really about governing in the way that's best for the country . stuart: if you take climate change out of the trade deal, does president obama accept that trade deal minus climate
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change? >> it seems like he would have to because he does not -- and senator paul ryan made this point. you don't want to be seeing as doing end runs around congress with deals that you basically have to find out wiki leagues where the president gets to enact climate change or even things in immigration . stuart: well our money is here, even as the dow industrial is down 163 point points. and coming up, passengers, united airlines passengers, stranded in canada. many of them have been taken to social media, they say they were left out in the crew while the crew, the airline crew were taken to a nice hotel. the airline responds to that. north carolina rocked by two separate shark attacks over the weekend. ouch. "varney & company." more of it next
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stuart: two why don't you thinksters a 16-year-old boy and a 12-year-old girl lost their left arms and suffered injuries in separate shark attacks. now, the attacks occurred in one place north carolina, and authorities say the beach will be open today they're encouraging people please, stay out of the water. it was separate nasty attacks. now this. the united airlines jet departed for chicago and had technical problems. the passengers spent the night at a local military base and the crew at a hotel. and many passengers complained they couldn't get their checked bags. i'm saying some of the passengers were wining.
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>> i think they should have been served with warm chocolate ship cookies and pillows . stuart: what do you expect an airline to do when a plane has to land and can't get out of a remote part of canada? what is the airline supposed to do. >> after the fact they can't refund tickets or give -- stuart: they did. >> then the airline did the right thing. >> you have to refund multiples with the original flight . stuart: listen to this tweet from sally. united. worst customer service ever. stuck at military barracks. no contact from united since 3:00 a.m. this morning. disgusting. >> that's disgusting? . stuart: really? disgusting? >> well, the option was into the ocean. i mean the pilot did what he had to do. . stuart: come on. what do they think united is going to do. >> actually when you tweet united in these situations,
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their customer service people will respond on twitter delta does it. so sometimes if you send your tweet to the airline, they get response. but does united have facilities there? i doubt it . stuart: of course not. here's their response. after some complaint that the crew looked well rested because they went to the hotel, here's what united tweeted back. this the united's response. the crew. must rest in order to continue the flight, you can roast board the aircraft knowing that they, the crew, are in charge. what's wrong with that? >> yeah, i want my pilot in good shape . stuart: isn't it nitpicking? doesn't twitter allow this opportunity to just whine and moan? >> yeah. people take to twitter with the electronic pitchforks all the time. but how severe was the mechanical failure there? did the pilots save lives making this decision?
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and united double the refund for the flight? i mean united does have a bad track record in terms of customer service . stuart: i'm not wild about it, but i think this opposition to them, in this issue has been wildly over done. >> wildly . stuart: and that's my opinion. >> that's your opinion . stuart: that's my opinion. coming up more secret e-mails uncovered at the irs. listen to why they're reducing to hand them over. some are calling it a case of ethnic fraud. rachel out the by her parents she's really white they say. after years of claiming she's black. charles payne joins me next
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stuart: we're till down, a lot, we're still worried about greece. can they pay? will they be kicked out of the eurozone? that's the worry that's why the dow is down 173 points. and by the way, the dow is negative for this calendar year as we speak. all right. we've checked the big board, move on to the price of gasoline. look at that. monday morning, national average is now $2.80. i thought it might go down. no. up $2.80. i want to go back to the woman who is accused of lying about her heritage. she says she's black, her parents say, no, she's white. now, the public meeting at which rachel and the spokane naacp were expected to address these reports that meeting has been canceled. charles payne is wuss. all right. from the get go your take on the story. >> it's hard to figure it out. i want to know more. i'm trying to figure this out. she pulled this off for, like, ten years.
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and for me, the one issue was how much of this did she have to do to blend in, to have the job, to keep job, to move up the ranks, and it would be somewhat ironic if that was the issue at an organization designed to break down racial barriers for black people, would a white person have to do the exact opposite t to make it to a hired position? stuart: well here's the principle to ask the question: should someone who is white be running an organization which is for the advancement of black people? >> i think she can definitely run the spokane chapter. as far as the entire organization, here's this thing, you can't just put your hair in a fancy corn rows and some dark -- and get a tan and say you're black. there's something to the black experience. now, i know we hear people on tv all the time white people who tell us about black people all the time but they don't have a clue of what they're talking about. the heart and soul of black people is hard to know if you're not black. but i certainly think you can run the spokane chapter without
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being black. stuart: what do you think she should do? >> she may just have a love for the culture, wanted to fit in. we are in the society now guys where people can change themselves overnight and without understanding that, hey, you know what? there's something else that goes with this besides the cosmetic change. stuart: what about mixed race people within the naacp? >> you know, mixed race people in america in general there's a new report out, pew report out, 10% of children born now are mixed. my son graduates from high school on friday, i find his school to be extraordinarily color blind, his friends to be color blind. he goes to school with 99% white. so i think we're going into a society where it's going to hopefully, be less of an issue. and i think a mixed race kid, person could certainly do the job. stuart: should there be a new classification for people of mixed race? because we classify -- >> i mean there's like more options on there than cheesecake factory. [laughter] i mean, come on. i think we're getting too minute
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with it, honestly, i do. three or four brackets, put yourself in one of them and no hyphens. we're all americans first, and let's keep it moving. stuart: what do you make of twitter? >> it was fun though. [laughter] stuart: i've got this thing about twitter, the negative comments that just explode when anything, any story develops. >> i did the uncle tom stuff, i get the sellout stuff, i've been called the n-word by more black people on -- than if i add up all the white people in my entire life from birth to today one day of twitter black people call me the n-word more. stuart: i don't want to shift it away from the naacp, but there's a story here about twitter. if you've got all this negative stuff coming out constantly, people don't like it. >> it's a platform, but it's not just twitter. you can see it on "sports illustrated" so and so just signed a contract for 100 million, i swear the next thing you know, that n-word's not worth it. what the hell? them dudes can't throw.
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what the hell? how did this happen? just three replies into the thread. it's just, listen, it's a place where you can be anonymous, you can say what you want to say, and a lot of people have a lot of negative stuff to say, unfortunately. stuart: okay, gotcha. i'm going to move on to a totally different subject and it's for you. >> okay. [laughter] stuart: leonardo dicaprio started a restaurant in harlem. you were there, i know you were. bo dietl was there. what happened? >> it was a lot of fun. be first of all real down to earth, leonardo or leo, but he kept wanting to talk -- stuart: oh he's leo now. >> both, please guys, don't argue. every five minutes he'd say what do you think about so and so? but he was real cool with it. his new thing is teddy roosevelt. great table, great people. we sang we drank, we ate, we had a great great time. very down to earth very reasonable person. i'm still not a big hollywood, you know the hypocrisies of
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hollywood i'll still point out, but that night he was amazing. stuart: you're beginning to shift. >> i think so. stuart: i'm worried about you. >> i've got to hang out with you a few weekends. move me back where i belong, on the right baby. [laughter] stuart: he will see the light again. >> i will. stuart now this: the irs finding more than 6,000 new lois lerner e-mails, but they will not be turned over. gerri willis is here, she's our expert on this story. why won't they turn 'em over? >> it's stonewalling. here's their excuse they say they're taking out the repeated e-mails, the repeated -- the e-mails that maybe there were one or two versions of it out there. they call it reduplication. so they're making sure when judicial watch, which is the organization that is suing to get their hands on this stuff, goes through them, they won't see more than one version. but let me tell you, you have to look back at what's happened here, right? lois lerner remember lois, she
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turned down all of these conservative groups that wanted special tax consideration tax-exempt status as so many organizations have gotten. they were turned away by lois lerner. lois resigns. she's gone. they say they can find none of her e-mails which is what congress has asked for. then the treasury inspector general says, oh, we just found 64,000 of these. these are the e-mails and questions today, these are the e-mails that even a u.s. district court judge is saying, hey, you've got to fast track this. people need the see these. but it's not happening because why? because the irs is dragging its heels. it's lying. stuart: and they are saying, the irs is saying you can't see them all because they don't want to duplicate, but how do we know whether they're not filtering stuff that is incriminating to lois lerner? >> you have no idea. what they're really doing is trying to make sure they put this on delay, nothing ever happens. they're stonewalling they're telling us one thing they're doing another. this is one of the big scams, one of the big tragedyings of
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this administration, and people aren't paying attention to it right now. it's the information the public needs to have. stuart: do you think they can spin it out past the next election? >> yes. stuart: that's what they want? >> running out the clock. >> remember when the first story broke, there were no backup e-mails. now all of a sudden more than 32,000 e-mails out of more than 700 tapes -- stuart: can we get the number right here? we said 6,000 -- >> 6,400. these are the tigda e-mails they were able to recover, and they went back and made sure you could read and understand these e-mails. stuart: ooh. >> now, the other thing you need to know is the irs is saying this is going to make it take even longer for them to understand exactly what is in the lerner information from those e-mails. so if you think that's going to happen before this president leaves office -- stuart: yes. i've got a bridge to sell you in brooklyn. running out clock is accurate. gerri willis everyone. >> thank you. stuart: all right.
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it's time for our sector report. cheryl you're standing behind me, big board in the background. what are you looking at? >> well, you were looking at the dow 30 and, obviously, it's tempting for the markets. intel just went in the green, i wanted to show you that. and as far as sectors go, airlines today, a lot of bad news for united airlines over the weekend. they had a flight out of chicago supposed to go to london, they landed at a military base in canada. all the passengers, stuart they put them at military base, the crew and the flight attendants, they get to stay in nice hotels. everybody beating up right now on united airlines on twitter. one of the guys says living the dream, thank you united airlines, hashtag unitedsucks. [laughter] [laughter] stuart: that is pathetic. typical twitter. i don't like it, sorry. i enjoyed your report. i thought it was very good. [laughter] >> well, thanks. stuart: all right. coming up. now, we have a three-hour show, in case you didn't know, we start at nine eastern, we go
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through until noon eastern. two former professional athletes both made a ton of money in their careers, one of them invested well, the other blew through $110 million. bart scott and antoine walker are here to share their stories. that will be coming up at 11:45 eastern. get this, please, a personal assistant for $25 a week? far too good to be true in my opinion. but the ceo of hollow al fellowed, that's the app that supplies the personal assistant he's going to join me next. he's going to explain this one. ♪ ♪
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♪ >> i'm nicole petallides with your fox business brief. the dow is down nearly 1660 points right now -- 160 points weakness across the board. completely erased big gains we saw last wednesday in each of the major indices. remember back then? all down arrows. also some manufacturing reports that were weaker than expected weighing on the markets. 29 dow components are lower out of 30. mieft, united -- microsoft, technology in particular under pressure. a big deal in the drug sector cvs agreeing to buy target's pharmacy and clinic business $1.9 billion deal. you can see both of those names
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have upper rows. and then there's alibaba. they're going netflix style. in fact, in the next couple of months, they're going to be launching streaming service in china. alibaba lower, netflix, which has been a real winner this year, up almost 90% for the year.
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>> let's hit the road.
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and the terminators have a model 101, and you're coming with me. i'm looking for sarah connor but we can go to your destination first. i know where you're going, and i will get you there. trust me. stuart: you heard correctly the navigation act ways is being voiced by none other than arnold schwarzenegger as the terminator. think that'll fly? probably. most people think of personal assistants as a perk only the wealthy can afford. however the start-up, hello alfred, it is an app which aims to change that. the ceo is here to explain how an assistant is now available to the average joe. marcela, welcome to the program. >> thank you. stuart: for $99 a month, you have an app that puts me in touch with a personal assistant. >> for $99 a month, you get your very own dedicated alfred who will visit you once a week -- stuart: oh, that's the catch. once a week $25 a week to have
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someone come to my home and do personal chores. so if i send him out, i pay for the dry cleaning, but i don't have to pay for him to go and get it. >> that's right. stuart: so i can organize everything into one day of the $25, i really exploit that personal assistant. >> right. and we want you to. we want to get as much done in your home as possible. you can ask for a whole host of things. groceries dry cleaning, laidly, packages, prescriptions, and you can try to ask for anything -- stuart: i can fill him up with an 8-hour day, you go to the grocery store hit the bank for me, for heaven's sake, and it's all $25 for one day. >> that's right. why? stuart: wait a minute. >> i'm asking questions for you. [laughter] stuart: look, that's very good, but $25 that's not much money. the personal assistant gets the $25, right? >> so we pay all of our alfreds, they're our employees, and we pay them anywhere from $18-$25 an hour and we pair you and your neighbors with one alfred
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and that alfred visits and knows you and forms a relationship with you over time. so we know how you like to put things in your fridge, and we take the plastic off your dry cleaning, put it in your closet, and over time we're starting to do things without having to be asked. stuart: but they only get $25 for the day. >> no, they get $25 an hour. stuart: wait a second, i thought it was $25 a week for one visit per week. >> but if you're an alfred, you would visit a few customers in a given day. so i would group let's say all of us have alfred service here on set. they get paid $25 an hour, but we're all paying $25. stuart: okay. where do you get the money? >> we get money from doing operations efficiently but also through deals with our partners. so if we take all of the dry cleaning to one dry cleaner, we can insure that you guys get a better -- >> you pay for the transportation? >> we do. >> so, you know, my closet's
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like the dmz zone. [laughter] so you're telling me i could pay you just $25 for a whole day, you could straighten out my whole house? >> so we tidy up every time we visit, but if it's something like i'd like you to organize my closet -- and we do more than that. we'll organize your closet in a way that makes more sense. that's a special request -- stuart: so you squeeze more money out of liz. >> yeah. stuart: this' basically what you're doing. do you own this company outright? >> it's venture-backed. stuart: okay. will you tell me what proportion of the company you own? >> i still own a majority share with my co-founder, jessica beck. stuart: so you and your partner, your co-founder, you've got more than 50% of this company. >> that's right. stuart: and you started up last september? >> that's right. stuart: how many alfreds are out there? >> we have many. they're in new york and boston and we're approaching going to get into the hundreds. stuart: so you're into the hundreds, not the thousands yet, but you're into the hundreds. >> right. stuart: going to expand elsewhere?
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>> yes. s.f., l.a., d.c -- we're looking for busy people -- stuart: if i gave you $20 million cash for the alfred app, would you take it? >> no, it's more about the service -- stuart: no it's not. this is america. this is about making money and being founder of a new company and making a ton of money, and i'm offering you $20 million, and you wouldn't take it? >> no. stuart: because you're in the business of helping people. >> absolutely. and this is going to be a much bigger than $20 million business. stuart: ah there you go. [laughter] what's the name of the app? >> hello alfred. >> what about health low alice? -- hello alice? stuart: gotta go. great commercial for you but time's up. thanks very much indeed. we appreciate it. >> thank you. stuart stuart coming up, bird flu. still devastating the midwest. why we may have to import eggs to satisfy demand here in america. and colonel ralph peters is here, he joins me in the next hour actually. he thinks we're losing to isis, and he says the president has no
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will to fight 'em and beat 'em. more varney coming up. >> we don't yet have a complete strategy. 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.
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>> and this breaking news
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colorado's high court ruling that businesses can fire their employees for smoking marijuana when they're not at work. that despite pot being legal in the state for recreational use. also the bird flu, it's being called the worst u.s. bird flu outbreak in history, and it continues to get worse. garrett tenny joins us with the latest. >> reporter: yeah adam, this is the worst bird flu outbreak in u.s. history. just in the last six months alone, more than 47 million birds have been killed most of them egg-laying hens, and you don't have to like eggs for that to be bad news. just ask anyone who bakes eggs are used everywhere like these cakes cookies, muffins as well as other products like ice cream, mayonnaise and salad dressing. and fewer eggs means higher prices. wholesale prices are already more than double what they were in april and the usda says it is predicting those prices will continue to go up throughout the rest of the year.
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restaurants, grocery stores and bakeries like the swedish bakery here in chicago have, for the most part, swallowed those price increases thus far, but now the rest of us are starting to feel it as well. egg producers say it could take as long as two years to replenish the egg supply here in the u.s. and they're worried that later this fall the bird flu could return again. adam? adam: garrett, thank you. >> well, we've had an exciting first two hours of varney. we're going to give you a quick recap of some of our favorite moments, and we've got another hour of varney that's going to start right after this. don't go away. >> this was my favorite moment from the presentation, the launch over the weekend which i was at on saturday. after she gave this elizabeth warren left of center very liberal-democratic address, she hugged a hedge fund manager. he was on stage and he hugged her. stuart: leonardo dicaprio starting a sing-along at a
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restaurant in harlem. you were there. i know you were. bo dietl was there. >> he kept wanting to talk -- stuart: oh, he's leo now. 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. the e-class has 11 intelligent driver-assist systems. it recognizes pedestrians and alerts you. warns you about incoming cross-traffic. cameras and radar detect dangers you don't. and it can even stop by itself. so in this crash test, one thing's missing: a crash.
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the 2016 e-class from mercedes-benz.
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stuart: several times on this program we've drawn parallel between the late 1970s and the present. failure overseas anxiety, malaise at home. true then, true now. well, here's another one. the link between a pope and a president then and now. jean powell ii and ronald reagan then and pope francis and barack obama now. if you follow the statements coming out of the vatican and the white house recently, you'll see a close tie-in. there's almost a policy alliance between the two. global warming hurts the poor of the world the most, says the pope do something. president obama agrees. combined they are a powerful force a very powerful force pushing left. 35 years ago pope john paul and
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president reagan pushed right. both were firmly opposed to communism. ronald reagan spoke against the evil empire. they won, hands down. and that begs the question, will francis and barack reshape the world by taxing the rich taxing fossil fuels and redistributing the wealth? that's exactly what they're trying to do. i don't know if they will succeed. the policy alliance is just emerging, but there is no question that america has at least one ally in this brave new leftist world. and that is the vatican. ♪ ♪ stuart: is the pope going to provide the moral basis for -- what? regulating the pollutants in the environment? and if that is the case and if that's a moral argument, what concern is that of the holy sea?
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stuart: good questions all. that was judge napolitano on the pope's climate change message. we're going to have more on this in a few moments. steve moore, heritage chief economist. he's here in about 15 minutes. breaking news from colorado. the state's highest court ruling that employers can fire you if you test positive for smoking marijuana. even if you're doing can it outside of work. this is a big blow to the state's legalized marijuana business, maybe it's a big blow to them. it's certainly a win for private enterprise. cheryl, that's how i characterize it. this is a win for business, because they get to dictate the terms under which their employees work. i stay it's a win -- i say it's a win for business. is it a black eye for colorado's legalized marijuana business? >> good morning stewart and yes, it is a black eye for the business of pot. this is not just about colorado as well, think about oregon as well -- excuse me, for washington state, that are pushing through legalized marijuana. companies are winning in this debate. now, look, if i'm an employer
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and i'm paying you for your time and you're at eight hours a day on my time and you're coming in with the ill effects of marijuana many your body, i believe as a business owner absolutely have the right to tell you it is not acceptable for me to pay you on my time. pot does not leave your system within an hour or two like alcohol does right? stuart: yeah. because if -- you are the employer, you are responsible for what happens to your employee on company time. >> right. stuart: and if they mess up because of the use of marijuana you are legally liable are therefore, you should be able to fire them if that's your policy. >> absolutely. and, again it's not just the issue of lawsuits, but this comes down to the issue of employer rights. stuart: yes. >> companies cannot be told by a state or, i'm sorry, sometimes the federal government this is what you have to do in the workplace. now, of course, this is all going to go through the courts but i think in this particular instance the companies, this is a huge win for business. stuart: okay. we've got more on this story with, of course, judge napolitano. he's coming back at 11:30 eastern this morning.
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check that big board, we're still down. continual worry over greece. yes, we are dancing to the greek drummer, we're down 128. they haven't got a deal yet. that's the problem. look at twitter's stock, that's a 52-week low. they're down again, $34 a share. lots of confusion about the corporate suite at twitter and the huge negative of all the hate that's spewed out over twitter. i think that's a negative too. do you remember wingstop's big debut? they've just hit another low since their ipo when they really popped, 29 on wingstop now. price of oil, it is below $60 a barrel, just. third day in a row we've been below 60. as for the price of gasoline, i'm afraid to tell you national average moved up over the weekend to $2.80 a gallon. eastern europe, buildup not seen since the fall of the soviet union. pentagon officials say we, america, gearing up to bring
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enough vehicles and equipment to east european countries to support 5,000 u.s. troops. they're talking serious battle tanks big military equipment. fox news national security analyst k.t. mcfarland joined us last hour. she says this is a first for us. >> this is called prepositioning. in the cold war days, we would have equipment in europe european bases, nato bases, and were a conflict to break out, we could send the troops, they'd marry up with their equipment, they'd be ready to go. what this is, we have never prepositioned this equipment in the baltics. stuart: exactly. >> that's the difference. stuart: it is, indeed a strong move by president obama. we're entering maybe a new cold war era? we'll update you on developments as they come in, of course. losing the battle to isis, and it's all because president obama is not up for the fight. those are the thoughts of lieutenant colonel ralph peters and he joins us now. welcome back colonel. always good to have you. >> stuart. stuart: you've said this many
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times this president doesn't have the stomach to fight isis. but he did unleash f-15s over the weekend to knock off an al-qaeda leader. he's got the stomach for that. >> yeah. and anything, anything we can get president obama to do to fight terrorism is a plus. and it's great to take out the occasional terrorist leader. but that's like taking out a little tiny sliver of a malignant tumor. so it's important to do but you've just got to do far more. and stuart, i continue to see and what "the new york post" column from yesterday was about really is the denial not just by obama, but by our so-called elites in washington and new york cambridge the east coast axis, the refusal to recognize the power of religion, the seriousness of islam as a component. not always radical and violet but to deny islam has anything
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to do with terror seems folly. stuart: understood. >> this is an elite that's never been in a fistfight. they don't understand the visceral appeal of violence the intoxicating feeling of torturing, killing and raping. and, oh, my god, how could that appeal to anyone? well, in the real world it aooh peels to a -- appeals to a lot of young men. stuart: understood. and you want to oppose these people with force and power of our own. what happens if with we do? do you think america has the stomach at this moment to take casualties in iraq all over again? >> well i think america the american people have a lot more guts than our leadership. but we don't have to put massive forces on the ground. that's a red herring. the airstrikes we're mounting now, slight as they are if you've got the lawyers out of the targeting process and let us really use our air power, that would make a crucial difference. if you're willing to do serious
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special operations raids on a frequent basis with occasional swift deployments of conventional forces, hit and then leave, you can do all that. but this president is still trying to do the absolute minimum to get through to the end of his administration. meanwhile, islamic state continues to metastasize. i want to be fair, i do support the move to preposition equipment in eastern europe. stuart: sure. >> different summit. stuart: i just want to ask you, i've only got 30 seconds left. look down the road, two, three years from now. what will isis be doing, what kind of territory will they be running? any idea? >> unless we get an incredibly galvanizing president who's got guts and can rally the europeans, two, three years from now the caliphate will still be there. it probably will be a bigger footprint on ground in syria. but islamist fanaticism will not go away unless it is
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exterminated. stuart: okay. we hear you. thanks so much for joining us as always, colonel. we'll see you again very soon. >> thank you, stuart. stuart thank you, sir. as first reported here on this program, the gun maker, colt, has indeed filed for chapter chapter 11 bankruptcy protection. >> they pulled trigger. [laughter] stuart: that was a good pun. but they're the best known gun makers the whole bit. >> we should point out that they have a great brand. they haven't been run very well and even, i mean it's kind of a bigger story here in this sense not just the company's story. i think if you reduce their debt load, which is what they're doing with their creditors -- morgan stanley's involved in this -- you get a loan, you get through this rough period, you can condense your debt and try to work to the brand okay, to bring back the brand. and i think that's what they're aiming to do. remember, this is a restructuring t not a liquidation. stuart: so the brand has value,
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colt has value. >> here's what this shows bigger picture wise is brands the way capitalism works right now brands are not enough. you have to innovate, keep going. and i think twitter is going to face the same problem. twitter's a very good brand, people use it. but if you don't have the right management in place, which i think that was the problem with colt, if you don't understand your market how to move the ball forward, those brands dissipate very quickly and brands dissipate very quickly in newspapers. i remember working at "newsweek," right? it was a great brand, gone in a couple years when the internet really started picking up. i think that's what they're grappling with. does this -- you know, how are they going to move it forward and once they get rid of the debt and they restructure their payments, their debt payments how do you move forward. and this is current management. here's the real question does current management remain? do they buy it somehow? do they buy it and restructure the company? does someone else come in? that's the next story here for colt. but this really is about when you think about it, it's how a
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great brand was mismanaged. stuart: well said. it is. even i, my wife -- i know colt. >> my wife knows what a colt is. >> yeah. >> and she just found out today -- stuart: it was the firsthand gun i ever fired. made an impression on me. all right, charlie, you broke the store. good man, thank you. pope francis making climate change into a moral and maybe political issue. he says the poor suffer the most from global warming. he's sure sounding a lot like our president. is a costly alliance forming up? steve moore, he's up after the break.
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♪ ♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking brokercheck? check your broker with brokercheck.
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stuart: it's a busy monday. we're trying to follow all the news of the day. here to help us, cheryl casone with some of the day's big headlines. >> oh, stuart, this story. two north carolina shark attacks over the weekend, a 16-year-old boy and a 12-year-old girl victims off oak island, north carolina. officials say they have never seen anything like this. no idea was it the same shark, a school of sharks.
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the little girl lost part of her arm below the elbow the boy below his shoulder. they're both okay. dinosaurs big bucks this weekend, in fact, it was an astonishing world for the fourth film in the series about a mystical island with very real dinosaurs, raking in $508 million, highest global opening ever. more than 200 million of that by the way, in the u.s. i guess the economy here is okay. and staying with the animal theme over the weekend, the georgian capital overrun with zoo animals, the local zoo was so ravagessed with water, several an -- ravaged with water several animals escaped. the rhino stuart is okay. it was frightening for the people there because they had to really lock themselves in their homes because there was a tiger loose and a jaguar loose in the town. stuart: that's an extraordinary story. look, my sympathies for the
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animals certainly my sympathies for the people involved here. the it's the state capital the capital of georgia washed away virtually by these floods. >> it was horrible this weekend. stuart: want to go back to my take delivered moments ago. steve moore is with us, and here's my question following on from my take. good morning, steve. >> hi, stewart. stuart: i set out i said, look, president obama and pope francis they've come together in agreement on climate change and income inequality. >> sadly. stuart: they're kind of in alliance. and i say they're going to be very powerful in shifting world opinion. and you say -- >> i think more so the pope than barack obama but i think you're exactly right. by way, this is an extremely popular pope around the world. i'm catholic, and it's amazing. there's a lot of things i agree with, you know, with his whole humility and the way he's gotten to out there to the people and really talked about helping the least among us which is really the basis of christian theology. but i think he is wrong on
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capitalism and free markets and i think he's also wrong on promoting this climate change agenda because i think, ultimately the people behind it have a kind of -- these are people the way i like to put it, they worship the created, not creator. and this is a problem for the catholic church to get in bed so to speak w the radical environmentalists. stuart: the two of them together are a very powerful force -- >> they sure are. and don't forget the pope is coming to washington soon. stuart: correct. >> he's going to give a big speech before congress. that's going to get an enormous amount of publicity. and he's going to talk about these two things. by the way, i've been puzzled by why this pope -- my hero was pope john paul ii, this is a guy who formed an alliance with ronald reagan and margaret thatcher, and they basically brought down the berlin wall, defeated communism. and i think the difference between this pope pope francis and pope john paul ii, pope john paul ii grew up where?
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in poland. he saw the devastation of communism. this pope grew up in argentina where they had this kind of cronyism, and i think he mistakes what happened in argentina which is not capitalism. stuart: see, my critique is pope francis is indulging in politics. he's moved away from a purely spiritual approach, and he's going towards the political approach. paul ii, his objection to communism was soviet atheism. >> that's a great point. one of things i put many any column -- in my column is i think the pope should be concentrating on saving souls, not the planet. [laughter] and i think he should also recognize as we get more economic growth and we get, you know, better living standards which, by the way, what capitalism creates, that helps lift people out of poverty. i mean, the way i put it, capitalism is the greatest anti-poverty program in the history of civilization. stu institute and you are empirically correct. that is absolutely the truth.
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>> you're exactly right on the story stuart this pope is extremely influential. he may be the most popular person in the world today. >> can i think you might be right. steve moore a catholic economist. [laughter] thank you for joining us, steve, appreciate it. now to the trade deal. yes, it was shot down last week. well, now house majority leader kevin mccarthy believes a fast track trade legislation, a piece of that legislation, needs to be done by the end of the summer. joining us from washington, d.c. who knows all about this stuff is blake berman. are we going to get a republican version of the trade bill put out there? >> reporter: well, at least for the moment, stuart, there appears to be a lot of work to be done here. you just mentioned kevin mccarthy. he just got done talking within the last few minutes here. here's the mechanics behind it. the clock to bring up this bill again expires tomorrow. mccarthy said a while ago he feels democrats are having their own civil war over this issue, but he also said in terms of congress, he said we have to get this done.
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lawmakers also could bring this up again with a new rule, but that would restart the entire process, stuart, so exactly if and when this will be taken up genre mains unknown. the timing here, the president has a lot of work left to do with democrats and one congressional aide i spoke with a little while ago e-mailing back and forth told me simply this bill is not changing. stuart: ah. if it doesn't change and if it's still got climate change and income inequality issues chucked into the trade deal then the republicans won't support it. so it's back to stalemate. >> reporter: would be -- if that's the way it stands, then there is clearly not enough at least democrats to support the taa portion of this, so it's one big mess up there on capitol hill. stuart: dead right. what a mess it is. all right, sir, thanks for joining us. we'll see you again soon. then we have paula deen celebrity chef, famous for what
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some consider unhealthy cooking and her comments on race. she's selling her mansion in savannah georgia. we'll tell you how much it's going for in just a moment. ♪ ♪
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home that you want to buy. not one, not two, three kitchens with commercial grade appliances, outdoor kitchen with three different grills. she's got a movie theater, a saltwater aquarium. the thing's 14,500 square feet. and it's a huge home. it's actually a beautiful beautiful -- stuart: yeah, looks great. >> -- estate. is someone going to be able to -- what i think is interesting is that she was supposed to be doing her own company and doing like an online show out of this house. they put cameras in the kitchens because it was going to be -- and she was on entertainment tonight boasting about it. and now she's selling the house which means where are you going to do your online show from lady? i don't know. anyway no disrespect, ms. deen -- stuart: 12.5 million. >> if you want to live in savannah. stuart: totally different subject. this one this may be a blow to pot smoking in colorado. the state's highest court says
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employers can fire workers for getting high outside of the job. even if smoking marijuana is legal in colorado. and it is. judge napolitano will be back for more on this particular subject. and then we have hillary clinton launching her campaign this weekend. she wants to be a champion for the poor despite being clearly a member of the top 1%. will the liberal media give her a pass on this? brent bozell coming up in a moment. >> i'm running to make our economy work for you and for every american. [cheers and applause] for the small business owners who took a risk, for everyone who's ever been knocked down but refused to be knocked out.
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. stuart: greece is still having an impact on our money. they have not come to a agreement in the dow industrial is down 135 points, and 59.4674 where's the price of gas? i'm afraid that is going up. $2.80 is your national average. hillary clinton and the media she's come under fire for not answering questions on a variety of issues. now, here's her campaign
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spokes karen finney on cnn. >> this is about the economy and jobs. this is the little switcheroo that people do sometimes as if i'm asking about her hair or clothes, i'm not. i'm ask about her trade deal. >> i did say that you were saying that. my point is that she's made it very clear where she is, i don't think we're at the final language? stuart: like that. >> so generally speaking she supports it. >> generally speaking any trade deal has to meet her test, and that's where she's at. >> i can see i'm not gigantic anywhere . stuart: very correct young man, you're not getting anywhere. joining me now greg, always is a very welcome guest on this program. all right brent how would you access the media's treatment of hillary clinton? i asked the question because i suspect that some in the media are beginning to get a little skeptical of hillary and you
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say? >> well, skeptical on two counts, and they darn well should. when you see msnbc attacking her from the left, you realize i think just how far msnbc has gone, it says more about them than it does about her. but the fact of the matter that she does have competition coming from the left. of bernie sanders and possibly elizabeth warren. but the bigger issue is this. how in the world are the media just kicking it in the jaw as hillary clinton refuses to talk to them? i cannot believe that if a republican refused to talk to the press the press would just take this lying down. but they're taking it lying down. except for this one point i want to make. this launch over the weekend sir, it wasn't true. there was not a launch, it was a restart of a campaign that was not launched correctly when she launched it in april with a video with big pop and
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circumstance, that was the launch. you can't launch a space rocket two times. . stuart: by the way, we are on a note that you were on earlier. we just learned that the campaign the clinton campaign denied access to a reporter today in new hampshire. so the media is taking this. she will not answer questions. >> to me -- stuart: almost frustrated on this thing. >> stuart, to me it's stunning. on the heels of her announcement, where obviously she realized that going under cover was not working and her numbers were being hit just like her book tour. she now decides she's going to go very public but then the first act she humiliates the press benefit allowing them and coming up with this excuse for not allowing a reporter in. if the press doesn't get angry about this, then they're clearly in her hip pocket. i'm looking forward to the press reporting this tighten .
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stuart: i don't think they will report it in full. in fact, i think they'll get used to the idea that hillary clinton is going to be the democrat no, ma'am. do you think she's going to go for the republican? that's just out of the question. >> exactly right. exactly right. when she goes for -- gives five answers over a period of two-month period, whatever it's been, they go gaga over there, oh, my goodness be we got five answers out of this. this is the barack obama syndrome and the idea is this. if you make a stink about it now, if elected president and so much for journalism, journalism goes out the window. in fact, journalism has gone out the window for about four years and continue. . stuart: well said. welcome guest on the program thank you being here today. colorado supreme court rules that businesses can file
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workers who use marijuana even when they're off duty, off the job. all right. judge napolitano is here. i'm fully in tuned with what the colorado court says. if you're an employer, you should be able to say i don't want pot smokers on my team. >> well, colorado is in a unique situation because marijuana is lawful for medical and recreational use there, but it's still unlawful under federal law. though the feds are not enforcing the federal law. in fact, they're not enforcing the federal law anywhere except a large driver's license of marijuana they're not prosecutor people for person use. so you have a colorado statute which says an employee may not be punished by his employer for lawful behavior off the job. question. what does lawful behavior mean? does it mean lawful under state law? does it mean lawful under all law? and the colorado supreme court said it means lawful under all law.
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so if it's lawful under state law, the varneys recall can punish employees who use it this. now, this particular case was a very sympathetic case. this guy was a quadriplegic who answered the telephone for customers who had a stellar record and because of his inability, needed the marijuana from remediating his pain, and the doctors have been giving it to him for years, and they've been testing him up for years and one test came up negative, and he was gone . stuart: i didn't know that. >> you steal feel as harshly as you did moments ago . stuart: i feel the employer should have the right. they should say to the guy okay. you're doing the job just fine. >> so federal law changes and federal law can only vote get congress. marijuana still listed on a
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schedule of controlled dangerous substances prohibited to transfer and use under federal law . stuart: what do you make of chris christie the other day? he's the governor in which the state we live. if he becomes president marijuana will be off the map. not going to allow the colorados. >> i have two responses. one i'm surprised to say that. . stuart: yeah. >> because he's been a fairly sympathetic with respect to users. he's pushed very hard that users shouldn't be in jail. if anything they should be in rehab. but other responses i'm not surprised he's out of tune with the times. he's going to take a hard law and order chance that he thinks is going to help him . stuart: not exactly a libertarian position. >> not at all . stuart: but i've got some breaking involved, i think you might be involved in this. . stuart: a judge awards no damages over the collapse of aig. no damages. no liability. now, look, this goes all the way back to day one of the
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financial crisis. >> yeah. stuart: aig was given $183 billion bailout by the government . stuart: and the principle shareholder argued that aig lost millions and millions of dollars and it was a forced bailout by the government. he attempted to reject it. we're talking about maurice greenberg, the business-mile-an-hour winds in our era . stuart: so if there's no liability, who won then? >> the government wins . stuart: the government won. >> the government won. they have the right to force-feed you in a bailout where you want to be bailed out or not and under it's terms, that's basically what this case is saying . stuart: okay. >> he sued the government for a few hundred million dollars and gets how it works . stuart: okay. so that's the way around. >> yes. stuart: i have no idea where you're coming from. >> i thought he had a great case . stuart: okay. >> quite frankly most people
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expected him to win . stuart: was it the supreme court or appeals -- >> no. this is one trial judge in a lower manhattan in called the court of claims, the court you go when they say the federal government owes you money. . stuart: you're always coming up with all these rules and regulations. >> we should have no rules and regulations? . stuart: no, i think we should have a unwritten constitution. [laughter] >> only in another country . stuart: judge, the time is up. listen to this. two professional athletes, both of them made a fortune in their careers. both of them. one spent wisely. the other bankrupt. they're both here. they're going to tell their stories in a moment
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>> i'm nicole with your fox business brief. the dow jones industrial average right now down 112 points. a couple of reports that we got on manufacturing were weaker than expected, a couple concerned with greece, that's displaying on our market, the dow jones down 11, the nasdaq down 29. we're watching the home builders though, this is one group that's shining today looking at those two companies in particular saying they would merge. in addition to the fact that homebuilder confidence moved to a nine-month high. this is surging and up 5.7% and standard up 6.2%, and
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looking at the sector stocks, and water to a new low for twitter. and a loser here in this day. more than "varney & company" coming up
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stuart: california's drought forcing the state to put tough restrictions on water use. we know that. but some of the states richer residents say they want to use more water and they should be allowed to do it because
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they've got the money to pay for it. look who is here on the subject of the rich, the wealthy, and buying what you want. >> incredible . stuart: being rich has its privileges kneel, would it not? >> what they're claiming is that they pair a boatload in real estate taxes and with that should come a little bit of leeway when it comes to watering their lawns. that's all their saying it. for the beverly hills crowd but they are paying a lot in taxes. go ahead. . stuart: do i have to teach you everything cavuto. >> please do . stuart: the best form of rationing by price not by government regulation. i'm sure you would agree with that. >> i don't know what one has to do with the other. i don't think any group should be above having to make a sacrifice and quit watering their lawn every day if that's what it takes to get california back on the way of having water. i'm a little proplexed to know that they're sitting right next to the pacific ocean someone should be able to take
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a bucket and take out the salt considering that, everyone has to make a sacrifice here, including this who pay a boatload of taxes and i think on that you and i will agree. i will say this, though, that for the rich to be fingered is not doing they're part in this because they're busiy watering their lawns does scream french revolution. not chopping off their heads but i also think that there is something to be said of the fact that one size does not fit all. businesses, for example, are not having to make these sacrifices that some of these homeowners are . stuart: it's a grieve for me to pitch to you as a liberal. >> incredible . stuart: just tell me who you've got. >> no. i don't even want to bother. i'm so upset that you took this tone with me . stuart: andrew card,. >> andrew card. card. card . stuart: card. >> card. . stuart: card. >> back in, like, where are we going here? .
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stuart: time's up. >> serologies . stuart: thank you, neil. good tough stuff. most professional athletes. they make millions during their career. that depends on how the athlete handles the money. some end up doing very well. others have been known to go bankrupt. well, we've got examples from both sides of the fence today. joining me former player an at one walker, and from the entertainment, drew hawkins. i'm going to take this in order. you, sir go first. you lost $110 million. i know it's painful but how did you lose 110 million? >> well, it's a combination of things living a very expensive lifestyle taking care of family and friends investments, spent a ton of my wealth into real estate and took a big hit in the real estate market. gambled -- lost some money gambling. so when you combine all those things it kind of is the whole story of me losing
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$110 million . stuart: i admire a man who could lose $110 million and come on this program with a smile on his face and admit to doing everything wrong. >> uh-huh. stuart: but we appreciate you being with us because we're going to tell everyone how to void what you did. on the other hand we have howard scott with us, football player, and you did okay. you're doing okay.; correct? >> yeah. absolutely. i came in a different way. antoine was a huge draft pick, in football, i'm the equivalent of a walk on. so i came on with a $500 signing bonus because i came in with those lessons very early . stuart: so,antoine your money came in right at you. >> uh-huh. stuart: and maybe the big load is going down the road for you. >> well, one foot out the door and another on the banana pill so i had to make sure that i had to make smart
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decisions, and i'm not saying i didn't make bad decisions but athletes are coachablewith what we're trying to provide is a playbook, and i don't think we're doing a great job at the college level and making sure that the guys are prepared in understanding some of these basic terms taxation, understanding what that's all about. but i've got that first check and i saw how many taxes and i turned it on the backside and see if there were some more money . stuart: one question i want to get both of you how do you feel about giving more than half of your money to state and federal income taxes. do you approve with this? >> no. absolutely not . stuart: do you approve of this? >> no. stuart: excellent you can stay on the show. [laughter] hawkins, what's your first advice that you come to up coming athletes that you know they're to make a fortune. >> get yourself very educated right out of the gate. we developed a program to educate athletes at the collegiate level and professional level. a lot of times individuals
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allocate this responsibility to someone else . stuart: when you say educate what do you mean? you're going to pay this in tax. you're going to have these nasty characters coming at you coming for the money. you testimony in those terms. >> we do. that's the reason we had an opportunity to connect with batter and antoine. we created world class curriculum to be able to go in and have a conversation with these individuals in with a i see that will resonate with them and in a way that they can understand, and who better to tell the story than who individuals that have done it before themselves . stuart: i've got to tell you. if someone dumped a ton of money on me in my 20s, i would probably be deny dead by now. gentlemen, thank you very much for coming and seeing me today, crew drew, we appreciate the education you're giving. >> thank you . stuart: up next too much rain in the midwest. farmers way behind with their crops. flooded fields, rotten corn, faq did you know that one aircraft of soybeans could
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make more than 80,000 crayons? i don't know where that came from butyo jefu wof' flock will have it next huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck.
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stuart: look at this. whoa look at that. heavy rain leading to flooding in parts of the midwest. come in jeff take a look from illinois. am i going to pay a price
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because of those dreadful weather in the midwest? it looks like i am. >> you know, they say stuart, that the rain makes grain but i tell you too much rain can be a real problem. we're mucking through the soybean fields here, and i can tell you i can almost walk-through it's so deep, and that's the possibility. i've got jim mccormick here who starts asking. is he going to pay more? i mean beans rebuke are they going to start going up? >> if this rain keeps up, you should see prices rally we've got about 10 million more acres that need to be planted . stuart: in addition to what you see destroyed out here, they haven't planted a lot of soybeans so, you know, we're going to start to run into problems here if this keeps up. stuart: all right jeff, we can see there right in the middle of that water. thanks very much, jeff. maybe that 80,000 crayons made from soybeans.
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and joyce mitchell, the woman accused of helping two murderers is in court today adam has been following this. there was some plot to kill, murder her husband. >> right. she's not charged with this, and it's not confirmed with the police, but closely the investigation has told reporters that in her discussions with the police, remember she was going to the manhole cover it pick them up . stuart: yeah. >> and then panicked. well, the plot was to go pick them up and then go kill her husband, but she decided not only did she did she panic because she didn't want to do that because she loved likely. but most of what are has leaked out . stuart: you know, it's costing new york a million dollars a day to hunt for these two prisoners? and they're launching an investigating of what went wrong . stuart: an investigating in the investigation. >> they're pointing the finger at him for messing up the investigation at the beginning. stuart: really? >> yes. he is.
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. stuart: i want to tell everybody what we've got tomorrow on this program. a soccer store for you former golly for the u.s. women's team, does she think the u.s. women's team is going to win the world cup, which is in progress right now? "varney & company,," please remember starts at 9:00 eastern every day these days. five days a week. more varney after this
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stuart: well, yeah, little tiny sliver of a maliganything of that nature tumor, he was responding to president obama killing an alcuda leader over the weekend. week that market, it is monday morning still not quite noon yet here in the east. we're down 117 points. this is all about greece, they have not come to a agreement over their debt, they don't have the money to pay that debt and germans are not willing to extend anymore money to the greece.
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it's called a standoff. if they leave the euro, that market goes down, and it sure looks that way doesn't it? my time's up. neil it's yours. >> thank you very much, stuart, in your fine broadcast we're getting word now that a judge shot down morris greenberg's hope to over turn damages that was done to his firm aig when the government bailed all the financial tightens out including aig is that it caused more harm than it helped. that was then hank greenberg getting shot down in a federal court today charlie is going to be with us shortly. but this is what's getting all the attention right now. normally as you know the caveat on this show is that we don't fixate on markets except when they tell a bigger story. the bigger story with this 113 point drop is that everything goes back to greece. it had been a lot heavier declines this morning on fears that greece is not going to make good on its payments and

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