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tv   Varney Company  FOX Business  June 17, 2015 9:00am-12:01pm EDT

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is next. we're expecting higher open for the averages today. we're all awaiting on if he ral preserve. we'll get press conference at 2:00 and answers at 2:30. stuart, over to you. have a fantastic show. stuart: i will take it, maria. love him or hate him, america is paying attention to the donald trump. the left calls him a clown, a buffoon. the right worries about what he is going to say next. either way, politics is suddenly very interesting isn't it? there is an ill-disguised cry for help from president obama. wants to draft silicon valley techies to fix the government's computer mess. private sector computer guys toiling away in a government bureaucracy. that is culture clash. there is new cheating scandal in baseball. no it is not hacking. -- it is hacking.
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deflate footballs, pay a fine. hack the other team's computers you could go to jail. two words that could move the market fed and greece. [buzzer] "varney & company" is about to begin. >> and the dream season is now complete. the golden state warriors are the 2015 nba champions. their first title in 40 years. stuart: the golden state warriors are nb, nba champions ladies and gentlemen. let's get that right. they beat the cavs last night. took finals, 4-2. warriors win the first championship in 40 years. pointer out please, this is financial program. so steph curry, the star, endorses under armour. watch that stock today. here is the lineup russell simmons talking trump one business guy to another. the guy who runs panera bread
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gets very good pr the stock goes to the moon. he is on the show. steve phillips used to run the new york mets. that is a baseball team. what is wrong with spying on your opponents he asks? bill o'reilly, did ground breaking interview with donald trump. nobody beats o'reilly on clarity. he is with us today. hear ashley webster along with liz peak by popular demand from the fiscal times. first out of the box president obama wants to create a worker pipeline from silicon valley to the federal government. private sector tech workers would spend a year or two helping government bureaucrats tipping out computers. liz, to me that is culture clash 1/2, isn't it? >> really is. the ironic, the president wants to get the private sector out of health care out of student lending wants to bring the private sector into technology and government. why? because more and more of our economy, our government relies on high-tech. and it is pretty clear that the
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federal government can not compete and can not keep pace so i think it's a very good idea but i do note the use of temporary, they want temporary workers. why? because if you bring temp workers on permanent basis they are there forever. they have tenure. you can't fire them. lots of changes. stuart: interview he says this is the president, he wants to develop a culture of service to change people's attitudes towards government. that is why he is bringing people from the private sector. >> like the peace corps almost for techies. techies do not like the federal government. they have been fighting them over privacy issues. the snowden revelations really upset facebooks and googles of this world. wait a minute, the government has been spying on us, taking our information. there is not a love lost between the federal government around silicon valley. stuart: president says rich guys in silicon valley, they can afford it, spend a year or two with us. you're right, liz if they were
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permanent they have to be unionized and stamp the clock. you can't work a minute past 8:00 or 9:00. overtime. >> that is a culture clash. stuart: love to be a fly on the wall in the bunch of guys from california set foot into d.c. >> exactly. stuart: stroll in. stride in with confidence. do this. do that. >> a day at the government. that will change. stuart: this is serious subject. that was too. look at this. a sign after possible new cold war developing. russia is going to build up its nuclear arsenal. ashley has been following this. he has details. >> putin says he wants to add 40 icbms, intercontinental ballistic missiles. what are those? they have a range of 3,000 miles. this is bit of sabre-rattling with the u.s. putting 5,000 troops in eastern europe and baltic states as well as military equipment. it is all about, you know, hey, look, you know, you pump up your
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side, i will pump up my side. look they already have 1500 nuclear warheads, the russians. what is the point of having more? stuart: liz, i don't think there is anything about this for the financial markets. >> no. stuart: any financial market impact at all? unless -- >> unless it escalates. stuart: and somebody does something somebody fire as shot. >> they are pushing each other's buttons. let's hope they don't push the button. >> it's a lot of muscle flexing. greece is probably more on everybody's plate. stuart: that's true. chaos overseas at some point comes over here and bites us in the wallet through our financial markets. i don't know when that happens. you know it could be this weekend. if greece hasn't got a deal and they're in or out the markets move on monday morning. >> i think so. everyone is oversaturated with the greek exit. people are not paying attention now. now, actually we're at point where something might happen. stuart: i think you're right.
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financial times, headline, creditors make emergency plans as greek defiance spurs bond turmoil. >> bond investors what i read are betting 80% there will be a default of some sort. this is gotten to a place where it is actually imminent. finally people are saying what does this mean for me? do i own these bonds? do i own a bank that owns these bonds? market may be on the behind foot in terms of readying for disaster. stuart: if i'm a reporter in athens i'm looking at banks if there is line forming to get the money out. >> most of that money is already gone, stuart. stuart: i think you're right. i will look how the markets are likely to open 23 1/2 minutes from now. the federal reserve will be in focus. will janet raise rates and when while she do it and will she do it? technical jargon. >> i don't want the buzzer. stuart: when does the federal reserve raise interest rates?
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>> later this year? stuart: ashley? >> next year, early next year. stuart: okay. >> i think because of what you've been talking about greece, other things don't give me buzzer, because of greece i think they will put it off, i really do. stuart: liz, tell me what you think of qe3? [buzzer] there it is. you did well, liz. avoided catastrophe. we're big on technology on this program. lauren has three big tech names which are in the news in case you missed it. >> hello, stuart. good morning. ipo in good shape, literally. fitbit the fitness tracker. it goes public tomorrow on new york stock exchange. the ticker symbol is fit. it increased its price range between 17 and $19 a share. looking to raise a market value of almost $4 billion. investors will look to the ipo to gauge the market for wearable technology.
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more companies looking to get into on demand delivery. varying degrees of success. uber tried delivering many companies from food to fashion but when it came to the food, it often arrived cold or late. when it came to the fashion, a deal with gilt group did not pan out because uber could not insure their expensive items. amazon is hoping to be more successful. "the wall street journal" is reporting that amazon is working on an app that would pay regularn3 folks like you and me to deliver packages for them. it would apparently use retail stores to hold the packages until someone picks them up. it would save amazon money. they're shipping 3 1/2 million packages a day. the cost to do that up more than 30% last year. stuart: now i have a question about liability. >> yes. damaged or lost package. stuart: yes. regular folks what about accidents while you're on the job? >> or walk off with the package. >> or theft. stuart: it is a great idea, is it? want to speed up delivery. >> so much can go wrong, stuart.
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>> taskrabbit, do you know that app? if you want somebody to do something for you go online and they bid, people bid how much it will cost you. it is pretty cool. stand in line to get a cronut they can do it. stuart: have you done it? >> i have. stuart: taskrabbit. all right. we want to hear about that. the billionaire who says tax the rich now says, he want as $15 minimum wage. here is what happened when he was on this program yesterday. >> that is the question. >> how do people win a higher wage? they work for it. >> no. stuart: they contribute more to the company. it is not legislated. that is two sides of the fence here. you say give it to them regardless what they actually do. i say, work for it. add to the enterprise. >> but, stuart, they are working for it. they're working as hard as you're working. the simple facts are they work fora spacious companies who underpay them.
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and only way we can have an economy that works and functions at a high level is to require big companies to pay their workers enough so they can get along. stuart: we went on to discuss whether or not a $15 an hour minimum wage would create more jobs in the fast-food business. nick said yes it will create more jobs in the fast-food business. nonsense. >> absolute rubbish. the big companies may be able to pay the 15, but many small businesses will be put out of business company completely. it's a shame. >> interestingly this fellow apparently made fortune investing in amazon. >> he did. >> best thing that can happen to amazon, all the small competitors they're putting out of business have to pay $15 an hour minimum wage. i have to say i thought that was really pretty one-sided and not very open about really what impact is on his investments, amazon. stuart: well-said, liz. all right. up next, russell simmons he
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runs an entertainment empire. the internet tells us he is worth about what, $325 million. vocal about politics. here he comes. we'll get his take on billionaire donald trump's run for the presidency. that is next. >> i'm really rich. i share that. i would build a great wall and nobody builds walls better than me, believe me. i will build them very inexpensively. and i can tell you some of the candidates, they went in, they didn't know the air conditioner didn't work. they sweated like dogs. they didn't know the room was too big because they didn't have anybody there.
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new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax
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rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business
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stuart: well, rain we have a star with us. look who it is. russell simmons. he is the cofounder of def-jam records. chair of rush communications. russell, welcome to the program. >> thank you. happy to be here. stuart: i know you don't want to talk about donald trump but i
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have to ask. you're a business guy. you love money. trump is business guy. he has got money. you're turning your nose up a little bit here. >> he is my buddy. i've known him for 30 years. i never liked his politics. i think they're bad for america. i think most people, i know y'all are conservative. you're fox. you guys no better than right. i want dennis kucinich. you know what my mind set is. we're way -- stuart: can can a -- >> business guy -- >> certain he could. it would be terrible thing for america. think we all can agree on that. stuart: he has buzz. >> a lot of people can create buzz. stuart: see new york -- >> i rather kim kardashian be president. stuart: front page of "new york daily news," call him a clown. the buzz is there. >> i got to say, i'm here. got on this channel, i came to
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sit down pause i made a big investment, bought a ton of stock, along with horizons group along with some other guys. i'm lead investor in a company called self iest first negative calorie drink. stuart: negative calorie. what does that mean? >> seven university studies say when you drink this drink you lose 100 calories even before you work out. the one that i got addicted to, started to use regularly side berry green tea base. got a ton of healthy caffeine. best energy drink on market. stuart: you're launching this thing? >> no. the stock is out. doing very well. distribution is broadening. stuart: is the drink out on the market. >> be of course. absolute let drink is out. any place you see celsius in the market it is number one selling drink in that store. go to equinox and earth bar,
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that is the number one selling energy drink. stuart: celsius. you have lee ching. on board. i used to live in hong kong. >> he is really good. all the distribution in asia. stuart: doesn't hurt. >> this is really special drink, make a big shift in way people perceive energy drinks. helps you lose calories and healthy is a big shift right. as opposed to a lost drinks. stuart: can i buy in new york today? >> new york, you can go to a few places but right now we are broadening distribution mostly. our distributions across the middle of the country and west coast. yes, you can go to a few places and get it. go to ralph's. a lot of other places. >> russell -- very sorry you didn't want to talk too much about trump and politics. >> we talked quite a bit about him. i like the guy. good friend for 30 years. his politics are deplorable. stuart: does he worry you a little bit? i mean he is a guy --
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>> how much has he exudes a lot of politics i think, racially divisive. i think that separate us. stuart: did you mention race. >> no, i don't think he did. stuart: how is he racially divisive. >> said horrible thanks come to me horribly divisive. stuart: what did he say yesterday? >> wasn't what he said yesterday. donald's demeanor and statements throughout the years. this is not about race. this about america's relation with the world. this president we have today who he dislikes so much will go down in history as one of the greatest presidents we ever had. what he did for our economy and what he has done overall are going to go down in history as one of the greatest he will go down one of the greatest presidents we had. i believe that i think a lot of people document write the same. stuart: we shall see. good luck with the drink.
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celsius. >> the stock is on fire. stuart: thank you very much, sir. >> appreciate it. stuart: st. louis cardinals, under fbi investigation for hacking the houston astros. i was questioning our producers why does it matter? why does it count? they had a strong answer. we'll bring it to you in just a moment.
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stuart: the fbi is investigating the cardinals. allegedly they hacked the houston astros database. i want to know exactly what happened ashley, and you're the man to tell us. >> houston astros put up a flag last june and said we think we've been compromised. at issue the general manager's database, jeff luhnow. with the cardinals from 2003, now with the houston astros. they tracked it to house jupiter, florida. they tracked it to a house rented by the front office people of the st. louis cardinals. that is where it came in. that is where they tracked it to the cards. stuart: doesn't every team attempt to get a leg up on the competition by looking at them checking them spying on them? >> yes. stuart: do they all do that. >> this database was devised by
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individual. they want to know whether he was using it against houston astros. >> leave baseball alone. we know all the stuff going on. this is america's pastime. >> preaching, america's pastime. >> baseball. stuart: whom so ever did this hacked -- >> if its true. stuart: should to to jail. so much worse than deflating baseballs which has impact of the game. >> we had former commissioner of major league baseball on maria's show, he said if it is true they need to come down hard in professional sports we need to show somebody will be held accountable if they do something illegal. >> they will come down hard. this. stuart: wonder if they grow to prison. >> you never know. stuart: clip:versus bernie sanders. looks like sanders is getting some ground. suffolk university, a poll. hillary, 41% sanders 31%. there is a gap but sanders is
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picking up points here. >> he is on more liberal wing of the democratic party. far, far left. you have seen hillary move farther, she has been moving farther to the left. but this does show that she is a little bit more vulnerable as the frontrunner for the democratic party than many had originally thought. so -- stuart: bernie sanders gets a third of the vote. >> he does. very strong among male voters. stuart: is he? >> yes. that is where he is gaining ground. stuart: thank you ashley. we have twitter's stock. been beaten up lately. but charlie gasparino says the company might be for sale. we'll deal with that in a moment. the "opening bell" coming up in a moment.
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the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
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>> to the middle 1-0 u.s. >> there you have it scoring the only goal in team usa victory over nigeria. i would have liked a tighter camera camera shot to see the goal there. we'll find out how team usa plays in the round of 16. a knockout round. we've got approximately 22 seconds before the dow jones industrial average opens for trading on wall street. there they are, they're
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clapping. >> very good. and nice one there. do remember i don't expect much to happen on the market in the early going, we've got janet yellen holding a press conference at 2:2:30 this afternoon and i wouldn't want to be holding stock on thursday or friday and you never know what's going to happen over the weekend with greece. >> right, they are now trading and we are up. the early going, a gain of 20 points for the do you have industrials, 17-9 is where we are. let's get our coverage from sandra smith, ashley webster, scott shellady and shah galani in new york city. and charlie gasparino, fbn's own that twitter would be willing to be sold to a facebook or google. >> we brought it on the dip, i think he's right.
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the rumors are going to be founded and that there are potentials in the wing. stuart: you'd love to see fresh management and new money coming into twitter, wouldn't you? >> absolutely would. i think there's two big things here, i think that dick was right. they have a difficult time managing the haters and they got flak for it number two, they really haven't been able to monetize those over 300 million users and those eyeballs with somebody else like google would be fantastic. that's the only way the stock rallies long-term if something happens. stuart: something's going to manage the haters. i don't know why you're laughing, shah galani? >> who is going to mention the-- handle the haters the government? >> you're on the third rail on
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that one. and on fedex and ups to deliver packages, its packages that's a sharing economy. sandra: know the is-- who is dropping off my package, my neighbor? and uber, people are saying you've got the uber cars driving around. >> you don't know if the driver shows a license, who is delivering the packages. do you want your neighbor? >> they care about the fact that in each of the last two quarters, they had over a billion dollars in net losses in shipping costs alone, so something's got to change that's why-- >> this is not going to do it. . ashley: it's going to make a small dent, but not going to do it. stuart: how do you know? >> too many things can go wrong to shah's point, damage loss
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people stealing the goods, how do we know-- >> a lot of trust in your neighbor. ashley: and who is going to store the packages if the first place. stuart: get that buzzer handy. ashley: i'm a realist. >> the deliveries expenses were 34% higher last year and accelerating faster than revenues are. stuart: doing something about it i love it. netflix, a big winner this year. one investment firm as you know, put a price target of 780 on it. that was yesterday, today down to 661, down 5 bucks in the early going. you wouldn't touch it with a 10-foot pole. >> if you own it you've got to be thrilled to death. i wouldn't touch it it's too expensive. not my kind of stock. stuart: it's had an extraordinary run. >> a super run, if you own it
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you love it. stuart: fedex, disappointing numbers. come in from the floor of the exchange. nicole: they missed on the profits it's ho-hum. and a foreign european package delivery company, it's down 2.6%. a couple of things that may have weighed on them a stronger u.s. dollar. pension costs. those are a couple of factors, they did see domestic package volume rise 2%. stuart: i think also fedex raised the mandatory retirement age for board members from 72 to 75 so fred smith can stay on the board. i think that's why they've done that, but the stock is down this morning. shah, it's your turn wait for it. a lot of big games beaten down this year so we're going to look at them and see if you'd
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touch them with that proverbial 10 foot pole. chipotle. >> no, it's been overpriced e a lot of stocks shoot to the moon go straight up and then-- look at that chart, down they go, shoal, but surely. how about green mountain, keurig green mountain. >> a stock everybody loves and momentum was terrific. again the bloom is off the rose. i don't think this is going to bounce i think it's over. stuart: wow, good to have you on the show this morning. michael kors straight up and down she goes. we bought it on the dip. it's a company that makes a turn around. the latter part of the third quarter into the fourth quarter. we added it to our position this is the kind of stock that you want to own.
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stuart: something he likes. well. i remember coach was-- that was terrific highflier, selling good stuff at a high price to middle america. along came michael kors exactly the same thing and you still like him, coming back. sandra: are you, it's cheaper and expensive on the p.e. the price to earnings ratio? that's the cheapest one, that's ten. pretty rough. [buzzer] >> there you go. a little late. >> the earnings. stuart: to the profits that he makes not earnings. sandra: profits. relationship to the stock and the profits it makes, and your point it. sandra: out of the three stocks you talked about michael kors is remarkably cheap. >> it's a value stock, i like it. stuart: am i pain in the neck? >> and come on here is one for
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you. [laughter] starbucks, it's closing that bakery bought it a long time ago and selling it i think. sandra, they're wasting no-- it doesn't work. they're a coffee company, that bakery doesn't work sell it get rid of it. sandra: sell it, get rid of it. they're not out of the food business. the food sales were up last year, but boulange was not working. at the time they did this howard schultz says now we can say we're bakers as well. a ceo willing to say i was wrong, it didn't work and scrap it. stuart: you need one and the stock is up today. got it. and it actually hit a high today. would that be a 52-week high? is that a new high? we've got it. >> investors like it. stuart: please take your finger off the buzzer because i have to talk about the fed. sandra: oh. stuart: i've got to talk about it.
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the decision comes at 2:00 i think we'll know and janet yellen will try to tell us whether or not we're going to raise interest rates late this year or early next year. so, come on in scott shellady. nobody is expecting a hike immediately hardly anybody is expecting that. what's your guess, late this year or early next year? which is it? >> i'd say early next year for a couple of reasons, maybe three reasons, number one. is that i just don't see the u.s. economy getting the head of steam that everybody does. i know that a quarter percent isn't that much, but it can be a psychological blow. look at what happened in 1937 when the fed stepped out and we went into recession and rescued by world war iii. and the imf asked us not to raise rates. and the world bank as wellment we don't have a good world situation going on. i think going to be tough for them until next year. stuart: what do you say? >> i agree, there's no reason
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to raise rates now. there are too many negatives that can occur globally if they do, especially with the possible greek exit. this is nothing they want to do before the situation gets resolved if it does. stuart: you've already said. ashley: early next year. even though the imf said please hold off, i don't think that holds water with the fed, but adds to this. is anybody in our audience going out today and by a stock or sell a stock because of what they think the federal reserve might do in the future? ordinary people and-- >> even the investors don't have any clue and i think-- >> i think they're bored by this kind of thing. endless gazing at the fed, what's fed going to do. ashley: every day. stuart: and i don't think people understand the jargon. sandra: you don't think the average investor has any clue?
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i beg to differ. somebody who puts money in the market. they do a lot of homework and they know that the fed has been involved in the market in a way it never has and distracted from buy the core company you're interested in owning. at the end of the day, the average investor is going to be happy to see a fed stop meddling in business. >> i think that the fed is extremely important. i've been doing this for 40 years and the fed is always important, i get that. but the people are bored by it bored stiff. >> not more bored when watching you stu. stuart: don't bust this lady. [laughter] . >> and they're watching markets go up and the fed has engineered so rah-rah fed at this point. stuart: you ought to tune in at 2:00 eastern today. this network, live coverage of the fed. trish regan has the angles at 2:00. we've been open ten minutes and we're up 60 points. now look at under amour, that's
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the stock, the company. steph curry has a deal with under amour that could bring a great deal of money to the company, to under amour. the stock is down even though the warriors won the championships. ashley: a billion dollars in ten years are the estimates, what he could generate for the company. stuart: steph curry could generate a billion dollars in ten years. ashley: with the championship with the warriors there you go. stuart: yes, he did. the obama administration banning trans fats. sandra: it's a good thing. stuart: here is the question. is that government overregulation or good regulation? well, stop smiling. the ceo of panera bread is next on that subject. ♪
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>> wednesday morning a mildly positive start to the trading day. we are up 17 961. look at metlife, the stock. that company does not want to be considered too big to fail anymore so it's going to court over that issue. not much change for the price. now we did mention starbucks earlier, yes, it's an all-time high for a second day in a row. 53 as of right now. we have the fda, as you know cracking down on artificial trans fats calling them a threat to public health. joining us now is panera's ceo, ron shake, no stranger to the program but you've been a stranger to artificial trans
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fats. >> half a decade. stuart: half a decade makes it sound like a long time. it's five years. >> say 1500 k's, whatever you like, stuart. stuart: you have no chemical additions or artificial flavors? >> we've been removing artificial, colors preservatives sweeteners we're trying to give consumers a transparent line in the sand and know the food is of the highest quality. stuart: you've run away with the pr that this is healthy and the stock is doing wonders. >> i wouldn't way we ran away with the message, we've been committed to this for nearly two decades and we're coming around to. we started with the antibiotics, 11 years ago, the first chain to remove-- >> any meat sold in your operation cannot come from an animal that's been--
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antibiotics has been-- >> any chicken, any pork any of our turkey is all raised without antibiotics, no antibiotics ever. the interesting thing to me is 11 years later we have mcdonald's following us chick-fil-a following, we have any number of companies now coming around to it. what's interesting, same with trans fats we did it now a half decade ago, the world is following us. five years ago our industry was up in arms. they wanted us to put calories on the menus. we're in the business of building trust with the companies, we want transparency. stuart: what about the principle here. the government says get rid of them by command. we are the fda, you will get rid of them. do you object to the government laying down that command? >> i think the way real change
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happens is the marketplace. stuart: and are you under the fda's command, get rid of that? do you want the governor telling you how to run your business? >> i think the government needs to establish policy and i think it's productive when they do. i think that most of us often are hesitant and there are things that are done for the general good. if they're applied to everybody, it's a possible quite frankly. stuart: i've got one more for you. >> go for it. stuart: yesterday we had a billionaire, nick hanauer, he's passionate for $15 an hour for minimum wage he's from amazon. i said look if you do that in fast food operations or casual across the country. don't you cut the number of jobs? he said no it's the exact opposite, you get more jobs in fast food operations.
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do you agree with it. >> stuart,last time i was here we were debating this. stuart: i think we were. >> the reality is i support an increase in the minimum wage. i do personally. $15 an hour? >> i support the fact that people need to be able to live in this country in a livable wage. stuart: sense when-- >> let me answer your question. stuart: and since when does a server at mcdonald's have a living wage and-- >> we cannot allow a person work 40 hours and live in poverty. one in six-- >> if you raise the minimum wage hanauer says you'll have more jobs overall. surely you don't believe that? >> i believe we will have a better society and i think we will adjust, what you'll ultimately find is that we will have done ourselves right.
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stuart: you're a government guy? >> let's just say i'm a progressive. stuart: you are? >> i don't think i'm a heartless conservative? >> progressive? you're out there on the left. >> i didn't say left. stuart: i did not know that before you came in here. >> that's why you enjoy having me here a good discussion. stuart: so would you go for $15 an hour minimum wage or do you just want the obama policy i think it's 10.25 at some point? after all, if you're going to make it 10-- why don't you make it $15? why not? >> i think the point is this-- >> no no why not make it 15? if you're going to have a demand from the government raise the minimum wage-- >> let's change the ang wage we as a society have to determine what kind of society do we want? do we want folks living in poverty? >> i want a capital competitive
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society and climbing the food chain. that's what made america great. not a command from the central government which says oh no-- >> what made america great was folks knew they could work hard they could prosper and grow. stuart: yes. that's still there. it is still there. >> when you have people working ten 020 years in entry level jobs and don't have a life where they can support themselves, we have a problem with the country. stuart: it's an entry level job why should anybody have to change because you have that job. >> you may not have the capabilities that you have. may not move forward. stuart: are you in favor of charter and vouchers to get rid of public schools. >> i'm in favor the about he is education that-- i'm charters schools. stuart: you're not a progressive? >> i'm not a union guy.
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stuart: i'm for-- oh, not a union guy and still a progressive. >> what i am not is heartless. stuart: i'm not heartless. you're implying that i'm heartless. >> you are heartless. stuart: no i'm not heartless. free competition in our society brings out the best in you. >> we're all for competition, all right, but na doesn't mean that we literally have the kind of pain that we have in this country. let me ask you-- >> i can't, they're killing me. i've run over a hard break and we're going to spoil the network, but it was a pleasure. >> always my pleasure as ever. stuart: and heartless and progressive. away from it bill o'reilly has one of the biggest questions with donald trump. he couldn't phase trump though.
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the newest cheating scandals in sports. the cards accused of hacking the houston. >> i prefer to bring in some ringers, professional baseballs, we'll give them token jobs at the plant and have them play on our softball team. mortgage mortgage-- >> what is it? >> i'm afraid that all of those players passed on. >> the right fielder has been dead for 130 years. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business
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doug. you've been staring at that for a while, huh? listen, td ameritrade has former floor traders to help walk you through that complex trade. so you'll be confident enough to do what you want. i'll pull up their number. blammo. let's get those guys on the horn. oooo. looks like it is time to upgrade your phone, douglas. for all the confidence you need. td ameritrade. you got this.
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>> the cardinals accused of hacking the astros. i want more on this. come on in jp. why is this such a big deal? >> well stuart major league baseball teams have become very sophisticated in the last decade how they obtain information and use it to choose players. what you have here is an executive that went from the cardinals to the astros to become their general manager and now the new york times reports there is some concern that cardinals officials then once luhnow once he went to houston, hacked into the system
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with a lot of proprietary information and a lot of concerns, stuart. stuart: jp, i'm sorry i'm out of time. i apologize for that. bill o'reilly coming up next hour. here we go.
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>> here are the big stories. the man responsible for a shootout in texas also had plans to blow up the super bowl. we're talking to a former jihadi about extremism in america. plus, president obama he wants silicon valley employees to spend one or two years to work for the feds fix the computer mess. sounds like a culture clash to me. a california drought threatening a whole town. second hour of "varney & company" starts right now.
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new pictures from texas this morning tropical storm bill dumping inches of rain and i mean inches. there's a tornado watch in effect for the houston area as well. texas taking it on the chin. vladimir putin flexing his muscles again, stoking fears of a new cold war. russia building up nuclear arsenal adding 40 new intercontinental ballistic missiles to its stock pile despite a plan for the pentagon to have soldiers or equipment in place in eastern europe. now to donald trump. on his way to new hampshire right now to start his campaign. he joined fox and friends this morning. listen to what he had to say about our border with mexico. >> i only tell the truth and frankly mexico is sending not their best and not their finest. we're getting drug dealers, we're getting sex offenders, we're getting tremendous
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problems. stuart: okay. that's what he had to say this morning. how about dana perino on "the five" last night, rather skeptical i'd say. listen to this. >> on what planet is that actually true? eric, do you think that -- do you think you can make mexico pay for a permanent wall between mexico and the united states? >> here is the thing. >> the president of the united states is going to tax mexico to put a wall for the united states of america? i pointed out the absurddy-- absurdity of some of the comments. stuart: he set off some buzz did he not? a lot of conservative republicans are not happy with donald trump. look who is here for the whole hour. melissa francis i don't know whether you're a republican or democrat or in favor of trump, talk about buzz he really has buzz. >> for the record i'm a libertarian i'm anti-government. i think that the government does almost everything poorly
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and stay the heck out of everyone's business and they don't spend everyone's money well. and donald trump, we're laughing and like he does ad ad, for his golf course and something crazy and underneath it, there's something sensible and you say wait a minute listen more closely. some of the things are off to wall to get the attention. the wall thing, i don't know how serious it is he followed it up by he builds walls and would build a great wall. he's always selling something, but a lot of things he said made sense. couldn't we held back aid we give to mexico and build the-- not advocating, but mechanics how it might be possible not that i want to do that. stuart: he goes right to the heart of what he thinks is the issue. and he expresses himself in a way that has nothing to do with regular politics. he's a business guy.
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ashley: what's the popularity of politicians? >> zero. >> or negative. and him and capital are different than the politicians that are wildly spending money we're sending them. he would be much more sensible how to do things. stuart: the bottom line he's like the cat among the pidgeons mopping the republican candidates and what impact he'll have in the debates. i look for a cat among those pidgeons, sounds fantastic. stuart: by the way, we're going to talk with bill o'reilly. he took trump to stas on his show. o'reilly today at 10:30. check the big board. where is the stock market this lunchtime? janet yellen will say something about raising or not raising interest rates. they're on hold until then.
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the stock, 53 a share, and look at disappointing numbers from fedex down it goes down $5 at 176. the price of oil though on the upside. we like to bring you in touch with all of the markets, oil to up close to $61 per barrel. now this 43-year-old abdul kareem officially charged with helping to plan the texas attacks on the muhammad cartoon contests. he hosted the gunman in his home and provided guns for shooting and he had plans to join isis and attack-- wait for it the super bowl. he provides expertise to the government of tackling isis and extremism and author of the book "undercover jihad".
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welcome, nice to have you with us. can i first of all can you, what attracted you to this form of extremism? what pulled you in in the first place? >> my pull into it was an identity crisis i was suffering at that time and the desire for me to fit in a hero scenario defending against outside attack. a simplistic us versus them tragedy. >> once you were in, that was reinforced by people you met and on-line. >> there's a mix of the two. there are on-line networks and now people can develop internet relationships with other people on-line without slghaving to meet other people. it's exacerbated when you have
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both them at the same time. stuart: isis is always described as militarily they're winning their battles. now we have reports that the kurds are marching on a town held by isis and that isis was defeated in a town by the syrian border. are they as good as they're made up to be? >> keep in mind that isis as we know it is the baathists, and they're running the state before the state called iraq. you're going to have ups and down, and struggles between them. battles won and lost. the smaller towns are being lost, but they'll look to other
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places like ramadi fallujah and these places. stuart: when you were in the movement, did you feel terrorized about getting out of it. >> i didn't feel terrorized, but i recognized that my friends aren't going to be my friends anymore. that's a risk i was willing to take. what should we do? what would be the priority move to combat people joining isis the way you did? >> there needs to be a pro bust strategy on counter measures. stuart: what does it mean? do we attack them. set up some kind of i don't know, barrier to entry? what exactly do you want to do? >> no. there are a number of innings that can be done. first and foremost the muslim communities themselves. the problem is affecting their children, muslim kids he so it's really going ton ott the
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muslim community coming up with youth programs in their mosques working with law enforcements not just intelligence selecting, but real outreach. we're in this together like it or not. that's something we need to start with. stuart: are you still a muslim. >> yes, of course. stuart: okay. thank you very much. we appreciate your expert on this one. come back again. i want to get back to corporate headlines, lauren is here with all of them in case you missed it. >> thank you. the wall street journal reported that amazon is working on an app, called on my way internally and would reportedly use retail stores to hold the packages until someone can pick them up. and we talk about money, they starbucks is closing 23 la
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laboulange restaurants. they say while they still are focusing on food operating a separate restaurant does not make sense. air fare has gone up roughly $10 round trip. the first increase is detected by jetblue. last week this is so odd because the fare hike was slower than previous ones. it may be suggested that the tickets prices are matched out. they're in order for stand down. >> and raising it how comes it takes that long.
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stuart: thank you very much indeed. next story, the swiss investigating 53 cases of money laundering at fifa the soccer organization. whether or not qatar still gets the world cup. >> and russia won the 20138, qatar won the 2022. i think that russia will go ahead with 2018. the 2022 qatar is up in the air. if there's evidence of bribery on both cases. >> does anyone else want it. >> huge. >> to me it's like the olympics, they say it's going to be a great benefit to the community and get the money and tourism and costs so much in t
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the stadiums. >> well the u.s. already has the stadium. >> and our natural love of soccer. i have to be the america, you guys are embracing your soccer balls. >> 97%. >> that's okay i get it there you go. stuart: we only have foreign accents. [laughter]. president obama is looking to silicon valley to fill government jobs. he thinks they should work you know, commuter guys out of silicon valley and work one or two years for the government. he said they'll feel honored to do a public service. ♪
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>> don't expect much movement
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for the dow industrials until this afternoon. the fed makes its rate announcement of some kind around 2:00 to 2:30 today and that might move the market. news for you, f.a.a. expects to finalize regulations on drones within a year. that's important. that will effect all drones in the commercial market. drone companies were not expecting final regs until 2013. amazon wants to use them for delivery. time is money, several stories we're watching. look at this the birth rate among american women has risen the first time in seven years. is that a sign? >> i'm ready. stuart: california days away from having zero water. the state is going to cut them off. how about that? the pope says climate change is mostly our fault, humans are to blame. the reaction to that will be coming up next hour.
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and now this president obama wants to create what's called a worker pipeline from silicon valley to the federal ernment. that's expert computer guys in silicon valley funneled into the federal bureaucracy to fix the computer mess. mashable's samantha murphy it with us. >> hi. >> she looks scared. stuart: can you imagine a guy or a lady who have made their name in silicon valley working 24/7 doing everything really working hard they're really smart people suddenly you put them in the federal bureaucracy and they're going to make out forms and fill in forms, they're going to punch the clock and work for the feds? it ain't going to work is it? >> i think we've already started to see this a little bit. we have megan smith pulled away from google now heading up at the white house. things twitter other people coming on. this is sort of a bigger
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expansion into that and i'm sensing how you feel about this, but-- >> what was your first clue. >> i think this is smart and strategic in many different way his administration is winding down and he kind of wants to have people who are digitally savvy. stuart: wait a minute i say it's a smart move if government learns something. admit that bureaucracy does not handle computers well at all. if they admit that we really need help you private guys now how to do this come on over. president obama says he wants to develop had a culture of service to change people's attitude to government. [laughter] . ashley: wow. >> he also said what's interesting, too, about on-line voting and we've seen this kind
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of in different areas and-- >> you don't think that on-line voting couldn't be hacked? >> one thing his daughters, for example, live in a social media world and might not go down to the town hall to debate or get things that they want across, but-- >> they're used to-- >> that's not to say that they're not passionate about certain things so if there's a better way for them to make things happen faster and mobilize on-line. that's what we're living in. they want to bring in people to implement the strategy and if it's a cycling door when he leaves maybe that will stick around. >> no it's a great idea i love this idea so much i covered the tech industry in san francisco and worked for cnet. most people out there, liberal, democrats, they love the government think that the government could solve everything. what could cure that mentality than working for the government
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and seeing how it works and inefficient it is. i'd like to send everyone out from silicon valley and work for the government and tear their hair out and see if they're-- >> one more thing, google searchers for the ipod outnumber google searches for the apple watch. >> that's interesting. you have a lot of people now not sure where sales fall with apple watch now. but a lot of the early fan boys and fan girls of the world are flocking when they learn more about the apple watch. a lot of people think that the ipod is dead. in fact recently removed it. the top of the search bar and folded into more of a bigger network of music. so what did that mean the ipod, they have reported sales since october and bundling can with apple tv and beats and other things too. the ipod is a classic device been around for 40 years now. stuart: there are more google searches for the ipod which is fading awayen that the apple
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watch, what does it tell you about the watch? >> right you about a lot of people-- the apple watch isn't proven. a lot of people don't know were they need it. an android user might want to ipod to go running with or something like that. you have the early adopters and then people who are using an ipod on the other side of the spectrum. stuart: the apple watch is not the vehicle not the new platform. >> have you tried it? >> no. >> a lot of people tried it on and maybe they're not into it. until you have that a-ha moment and see your notification and see it impact your life, but people don't want to spend that money-- >> i live for a-ha moments. i haven't worn a watch in 30 years. >> there you go. stuart: nothing, no rings, no watches no earrings no tattoos no tats sorry. >> thank you. stuart: coming up chinese
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hackers regented -- reading the e-mails of government workers, and telling us what they could do about it. a mini baby boom? could it be linked to economic growth? melissa is on that one. more varney after this. ♪
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>> you know this more people are having babies. the birth rate among american women has risen the first time in seven years. melissa francis, you know about this.
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how big an increase was it? >> pretty slight 4700 babies born. stuart: extra? >> extra. it's small. it's still an up tick over what was before. i know this because i have very small kids and three of the new families have gotten larger across the country and we know more with four five and six children. they're getting larger for sure i promise. more people are having more kids per family. i mean we've noticed in every school, every playground every camp across the country. i was tweeting about this earlier today and getting a response. families are getting bigger. it says a lot about economics. the up ticks probably show that families are feeling better, but like you pointed out there's a problem over time if the population doesn't grow. stuart: all over western europe and north america and east asia populations are falling because the birth rate has gone way, way way down and as these populations age, and the same time they're falling, the
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safety net isn't possible. ashley: you can't run that kind of society. stuart: italy is in trouble, germany is in trouble all of western europe is in trouble with this. that's heartening at least there was a minor up tick. ashley: first time in eight years it's gone up. stuart: first time in eight years. whoa that's interesting. the california drought causing water to run out for a town. one could be completely dry in days. and bill o'reilly talking about his big interview with donned trump. >> mexico is living off the united states-- >> and they'd be strangled economically unless they pay for the wall. >> they pay for the wall.
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new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses
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that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business
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into just got the numbers in on the amount of oil in storage in
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america. it has gone down by 2.6 million barrels and that has pushed the price up to $60 -- 6080 per barrel. donald trump was on "the o'reilly factor" last night. the whole world was watching. listen. >> the mexicans are the new china. you have to let me handle that. >> i will tell you how. >> i'll tell you. i will start charging for their products coming in this country. >> you try to strangle them economically. >> they will pay for it. stuart: great stuff. the man himself bill o'reilly on the phone. >> things for having me stuart. stuart: usually you overwhelm your gas. with donald trump you didn't. he came right back at you. he was sitting lowered in your
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face almost did that is going to be a problem for republicans actually. >> the first interview after you announced the presidency you want the guy in the record. there is the informational interview and the confrontational interview. this was more of an informational interview. he does all these things so it is my job to flesh it out. how are you going to pay for it? how are you going to do xyz? you have to let him explain if he will. he gave partially. he's an overwhelming presence. it will be more for the republican contenders because he is going to as i said, you will slash and burn in your interviews. try to diminish these people. this is a new element in the campaign for sure.
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stuart: do you think he recognizes he is not going to be president of the united states? that is what everybody is saying. >> i don't think so. i'm not a psychologist, but he doesn't really have anything to lose. so he goes in at $9 billion or whatever the crazy figures. he spends 20 million, 30 million gets money from people who like him and he gets to go around and made himself more famous and stir things up. so what is the downside for him to do this. stuart: this morning the reaction of your interview and announcement the left is really making fun of him and laughing at him. their front page of the daily news could trace him as a clown. i think that might be a mistake.
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if the left goes after him he is raising issues and expressing himself and not political director spirit that might be a mistake to chasing down and call him names. >> well, it depends how you define the mistake. the far left in america the daily news at tabloid piece of garbage. it is not a newspaper anymore. the circulation figures show that. but the far left strategy is to diminish anyone with whom -- that is what they do. they know that there is danger to hillary clinton because trump will go when as he has a president obama and just say anything about them and i will get attention. so the left has to marginalize him as a quote i'm all clown.
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they have to because trump is a guy that is going to say whatever he wants. that is the difference between him and every other candidate. on both sides democrat and republican. most candidates will measure what they say because this might hurt me. trump doesn't care. he doesn't really care whether he wins or loses. so it is a whole different meaning when he gets into the race which is why i put my viewership on the factor this is great for me and other presidents because now you have somebody running around who is going to stir up debate and let most of these candidates aren't all. who was the dullest candidate of all? hillary clinton. stuart: there is nothing dull about donald trump. i want to ask if you agreed yourself first of all on the interview that you did.
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i think you are the best political interviewer in america flat out. i'm not trying to flatter you. it's true. grade yourself on your interview with donald trump. >> well, from what i wanted to do which as i explained earlier, get him on the record i would say we were affect that doing that. maybe a nine. you are never perfect. you always forget you should ask. what i wanted to do was see what he had specifically in a problem-solving arena. how are you going to do with putin? i will make putin my friend. what do you say to that? the good part of the interview is that is his strategy. and maybe he will give them a golf membership and he'll be out there putting it is possible.
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my job is to send these guys and gals down to say look, what are you going to do? i can't do more than that. i can only ask the question and re-ask it and then show skepticism like they did with the mexican wall. that is the beauty of being in the interview. >> i will give you a time. i will give donald trump a time has been one of the most interesting guess you've had in a long, long time. i will look at those ratings because i beg you beat everybody. i guarantee it. >> thank you for having me in. stuart: thanks, bill o'reilly. check the big board. don't expect any action on wall street because janet yellen will
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hold a news conference this afternoon where she will outline interest rates are not in the future. up 34 points. a couple big names you want to know about. starbucks hitting an all-time high for the second day in a row. 53 bucks on starbucks now. disappointing numbers from fedex. down it goes as a $5 loss of 2.7% down. the story of the market at the moment is the price of oil reaching towards $61 a barrel because there has been a draw down using a lot of oil in america. the stock strut down by 2.5 million barrels. and then we have the community of mountain house in california. days away from having no water at all. the stable cut off its only water source in a number of days. ashley: this is a wealthy community of 15,000 people in northern california. they are going to be cutting off
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water in front of the oldest water claims in the states along with 113 other water claims as an overall plan to stabilize what we know is dwindling. what does mountain house to desperately looking for a source of water right now. they are out within two to three days. will be sued however because most of these communities affected by shutouts are going to sue. figure wrapped up in the courts and the water runs out. 15,000 people use an average of 97 gallons of water per person per day. stuart: i've no idea whether that's a lot or a little. >> i think they made their water. they have a spending problem in california. they didn't invest in their infrastructure. they have built an oasis on a desert that naturally wants to be very dry and they are taking care of the delta smelt guy and
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flushing water to the sea. your zingers about of bad planning going back to root. train to nicely put. a crisis they made themselves. time for the set to report. cheryl, what are you watching today? >> the price of oil going up. i want to look at the energy sector right now. i've actually been watching transocean raid the ticker paring back a little bit. the three names which is transocean, halliburton comic uap resources all of them down because oil prices were still under pressure. i expect a little more of a pop. not getting it but i'll keep you posted. stuart: thank you very much indeed cheryl. another pope taking a stand on the climate change. in the next hour a climate skeptic actually went to rome on that.
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up next, talking to the congressmen in charge of homeland security. how are we fighting homegrown terror? >> yet have a complete strategy.
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sitting right at 2100. the nasdaq up 15. stocks are higher for the week with the exception of the dow jones transportation average. the movers on the dow include chevron and intel. better performers are not too far off. goldman sachs coming under little pressure. also watching names reporting earnings including la-z-boy weaker than expected numbers. adobe down 1.1%. a good quarter better than expected profit. however the forecast is weaker than it. oracle reporting after the bow they've been expanding cloud computing. relatively inexpensive or you can see if a lay flat now. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep them all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberry apple scones smell about done. ahh, you're good.
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train to the faa expects to finalize regulations on drums within a year. that is much earlier than expected. it means that drug companies and companies to use them in their operations like amazon for example might do so before next year. amazon said it is ready to go with drones as soon as it is set. you might see an amazon delivery. the labor commission has ruled that cooper drivers are
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employees, not subcontract airs. that makes an enormous difference. the employment stature of uber drivers in california. that is a big deal. >> they are so interesting. they charge into new markets and our strategy is to apologize later for whatever rules they broke in. however, you can't get them down. stuart: i want to get the judge on this in the next hour. the man in charge with the attack in garland texas planning to attack the super bowl. join us homeland security committee chair michael mccall from d.c. welcome to the program. great to have you with us. what a lot of people are worried about is the dark net. these terrorists communicate with each other within the united states on this dark net. i don't enqueue contract and. >> yeah, that is the problem.
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the new generation of terrorists are savvy on the internet. i just got briefed by the fbi before this on the issue. they will communicate through the twitter space from syria into followers in the united states and once they have recruited the individual they go into what is called a dark space platforms that even if we have a court order we cannot access the communications. they are communicating in a secure space in the united states with terrorists in syria and we have no idea what they say. stuart: look i don't know this subject, but there's not much you can do in the near term because they leap from existing technology. they are ahead of us. >> that is right. this has to be a technology driven solution. right now the lead. isis later will hop from one twitter account to the next or go from one dark platform to the next. it is difficult for line for
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men homeland security and fbi to stay ahead of the curve to know what they are saying. one of the biggest threat is if they are communicating freely about terrorist plot like the garland attack, what we saw we know an aspirational attack on the super bowl. you can imagine what a threat that is. stuart: i want to ask you at the big pack of other government workers. 18 million federal workers is an extraordinary thing. my question is are we going to retaliate? can you tell me whether or not we will retaliate? are we going to do something to them the way they have done it to us? i hope so. what do you say? >> the breach includes the purity of the most areas i have seen. i would argue that does demand a proportional response against
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china. right now we are doing attribution, which is determining the source. right now it goes to china but we have been proven yet the nationstate base. if it turns out to be nationstate case we need unoffensive counterattack. there has to be consequences to the actions. stuart: i think donald trump would have something to say about this. >> probably stronger than what is that. stuart: thanks for the deep briefing about the dark net. very important step. we appreciate it. we don't expect much until a statement this afternoon. until then, the market is pretty flat. russell simmons on the show earlier today. listen to what he had to say about president obama. >> the president we have today is going to go down in history as one of the greatest presidents we've ever had. what he did for our economy and
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what he is down overall will go down in history as one of the greatest presidentpresident s we've had and i believe that and a lot of people document the same. stuart: denote my reaction is. how about you melissa? >> the facts do not support it. these are numbers from the bureau of labor statistics saying median income has fallen under this president by almost $2000 per household. the average hourly wages up 16 cents. part-time workers as a percent of the workforce has risen. those are stats very hard on families across the country. descends from his own government. stuart: wrapped it up neatly. just the numbers. no emotion. stuart: baseball by one of the biggest scandals in years. the cardinals accused of spying
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on rivals. they could be found guilty of a felony. more "varney & company" in a moment. ♪ ♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking brokercheck? check your broker with brokercheck. 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: hitting the breaking news. earlier the california labor commission claiming that uber drivers are employees and not contracts. this could cost them a lot of money. the first time the pro sports team has been hacked by a rival. st. louis cardinals nine sdk for allegedly hacking the houston astros pewter system. adam shapiro joins us live outside of the baseball headquarters. out him. reporter: ashley, if this is a true account come it was be the first time involving two major league sports teams. major league race ball the commissioner has issued a statement that said mlb has been aware of and fully cooperate with the investigation into the illegal breach of astros a file
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operation database. the breach took place in 2013 and at that time some of the proprietary information about players regarding trade, statistics was posted online. fbi has been investigating this. the hack originated in a house that had been rented out times by players for the cardinals. according to sources in "new york times" the investigation centers on front office personnel although no one has been identified. the team is fully cooperated with the investigation and will continue to do so. but because of the investigation they cannot comment. a hack in 2013. the fbi is investigating and the general manager used to work for the cardinals in 2011. he went to the astros. he has left the cardinals then went to the american leg went to the astros.
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he is a cricket, and all rounder. ashley: adam shapiro, thank you very much. more "varney & company" just three minutes away.
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for help. president obama wants to bring in silicon valley workers to fix his government computer mess but he clearly learned nothing to. after it the hacking catastrophe the irs refund debacle and the disgraceful rollout of obamacare the president tells fast company magazine that he wants to bring in private sector computer specialists. it would be great if the president admits government will always be bureaucratic and never on the cutting edge of technology but he will not make any such admission. he thinks bringing in the private sector will actually, quote, develop a culture of service to change people's attitude to government. that is what he said the chief
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doesn't want to change government, he wants to change the private sector. he thinks service is morally superior to profit. will he make the techies' clock on and clock off so they don't work and it passed the eight hour day? will they have to fill out endless forms to make sure they are a right ethnic group, the right gender and don't have any of those nasty conservative values? will they have to join a union? let's be clear. the president's all government all the time policies have failed for. government has always the bureaucratic and inefficient and no end of private-sector help will leverage change that. ♪ stuart: we will get back to president obama's plan to tab silicon valley in just a moment but i have breaking news for you on uber.
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the california labor commissioner's ruling that uber drivers are employees, they are not independent contractors. that is a blow to uber. >> a driver, contractor, and the labor commission you are an employee. and calling her an employee, the city of san francisco, this is where the ruling happened. it opens the pandora's box because they're under attack in both states and cities where the are. they're trying to open up offices and employed people full time. from a labor standpoint a very bad thing. for uber. stuart: if you are an independent contractor your class is an independent
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contractor uber doesn't have to provide you with health-care. >> healthcare, pension or 401(k) nothing. stuart: nothing per ride, however match supply with demand a conduit but if you are now an employee uber is going to pay your social security tax your health care, if they have more than 50 drivers working in the state. >> handle deductions from taxes. it is a nightmare for uber in the fact that it is not just the you have to pay more especially with health care but the fact this would make uber who actually operates a marginal issue as a corporation have to expand and multiple levels for employees. >> over a million drivers in 300 cities. stuart: they are appealing. donald trump speaking earlier on
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fox and friends. he talks about being a legitimate presidential candidate. watch this. >> all i do is speak the truth. my polls were great before people thought number 3 and 4 before i did this, nobody thinks i am running. i am doing well. stuart: the from candidacy. joining us is fred barnes welcome addition to the show. good to see you again. the weft is not taking donald trump seriously. i am going to show you the front cover of the new york daily news where they call him a clown. essentials in not taking his candidacy seriously but i think you take the opposite opinion. it should be taken seriously, correct? >> he is not a clown not a side show an important player. on the republican side who cares what liberals say. in the republican presidential
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race, you know the great strength he has one is this personality that is completely outside the predominant personality, i suspect if the gets in the first debate on august 6th, he will dominate that debate. she is very blunt and outspoken and says things, how americans getting ripped off around the world by the saudis and talks about how we give the iraqi army brand new equipment a sign of an enemy they all flee and the enemy like isis gets all the fancy american equipment. stuart: he goes right at it and does not talk like a politician. i am going to do this. have you seen an opening of the
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presidential campaign has drawn as much buzz as this one through yesterday. >> it is so unconventional. i have talked to people who watch the whole thing and didn't have a favorable opinion of from the coming in but absolutely caught up in a changed their opinion. doesn't mean they changed the opinion. la guardia airport they follow through and it is the third world. stuart: do you believe he could be the president? i don't. i have a few enemies on this one already today. he is not going to be president of the united states. >> it would be strange, the longest of long shots. he will be a factor. his voice is going to be heard. the other candidate, he is
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willing to attack the other candidates in turns. he said about jeb bush, content to that question about iraq as is the intelligent? stuart: about charles krauthammer on special report last night we are very down on donald trump this morning from fires right back, i forget the words that he was not kind to charles krauthammer. literally blasphemy in the conservative world. >> it is. the smartest person i have ever known. trump should have laid off that but that is not him. he attacked anybody who criticizes him. at the weekly standard, my colleague, he is very blunt and that speech went on 45 minutes, sounded totally spontaneous the announcement speech a couple days ago. it wasn't entirely spontaneous.
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it was the longer version. stuart: he delivered it with no teleprompter it was 50 minutes long and everybody sitting around me watching at this time yesterday was gripped by it. politics just got real interesting. >> interesting livelier trump will get an enormous amount of attention. stuart: fred barnes what a pleasure to have you back again long time no see. thanks very much, see you later. check the big board same story stocks are going nowhere ahead of a fed's announcement on interest rates. i don't know what they're going to say. don't expect much market news until we get the fed statement. look at the price of oil getting close, not much change now. it was a drawdown in oil stocks that put the price up it did
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momentarily but we're back to 60 bucks a barrel. gasoline, always like to bring you up-to-date on that. average national price for regular, it is lower than it was at this time last year. i want to get back to my take. cheryl casone is with us. cheryl: stuart: president obama wants to use private sector tech workers from silicon valley, stick them in the federal bureaucracy and helped fix the computer mess. i say that is ridiculous outrageous, the president never learned his lesson, the government is always bureaucratic and inefficient. cheryl: what has been happening the last several years the nsa can't find qualified people that want to be spies for the nsa because the technology world pays so much better, microsoft and apple and everybody else. are you comfortable with your
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taxpayer dollars spending money on silicon valley's salaries? i am sure you are not. stuart: the president won't pay very much he says they can afford it. to be in the service they can afford it. won't fly million dollar bonus. >> they won't do anything more get anybody worth anything when it comes to the world of technology. stuart: i say you will get some valuable people, but stick them in a federal bureaucracy they will do no good at all. you can't. cheryl: why are we so focused or he is so focused on proving that the government is better at technologies and the technology sector. stuart: he is all government all the time and always will be. >> go back to teaching college. stuart: thank you very much. our top whether agency says we have been in a ten year global cooling trend, don't tell that to pope francis. he says global warming is real into humans are causing a.
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religion intersecting with politics. climate the perhaps mark morono joins us after this break. >> i don't even as a catholic priest have to believe what the pope says when he is talking about science but when he is talking about faith and morals is another thing. when he says i believe these scientists are right i can say i believe these scientists are right and be perfectly faithful committed catholic. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow
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for all the confidence you need. td ameritrade. you got this. stuart: a court in california, administrative ruling california says uber drivers are employees they are not contractors. we have a lady who brought that but coming up at 11:30 on this program today. an important key element. snap chat chief released a new video trying to explain to parents his apps works and why kids love it so much. i have not seen it.
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jo lin kent has and she is going to tell me all about it. >> i have been snapped chatting this entire broadcast. it is the disappearing photo apps worth $16 billion and the snap chat ceo is trying to say here is how it works for all of those who don't really understand it and it's a function of how we communicate through pictures. put up a low-budget youtube videos to explain it and this is what he said. >> this photograph has been used for major life moments but today in the advent of the mobile phone and the connected camera pictures are being used for talking. when you see your children things you would never take a picture of, the are using a photograph to talk so you think about the photograph being about saving up memories or really used for talking not where people are taking rescinding so
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many measures. stuart: hold on a second. that was good. >> guess hall old he is. stuart: 40. >> 25 years old. he runs a signature on a white t-shirt and what is happening here it is he is trying to make snap chat more popular, a is popular among teens, 600 million photos a data transmitted on snap chat. stuart: 700 million photographs today. >> kids snapping, i love it too. it disappears after a while so it is the moment in time rather than saying this is going on facebook and is permanent. stuart: it was sold to who did it sell to? >> $16 billion is what it worth. mark zuckerberg offered several billion dollars, he said thanks but no thanks. stuart: who bought it? >> they are private independent company, still going and getting
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for an ipo. stuart: i was fascinating. and the national oceanic and atmospheric administration data shows a ten year cooling trend. this comes as pope francis continues a crusade on climate change. he says this is the pope, plenty of scientific studies point out the last decades of global warming have been mostly caused by the great concentration of greenhouse gases especially generated by human action. joining us now, climate depot founder mark morono. you went to the vatican early this year or late last year to lobby the pope. i don't think he took your advice because you are a skeptic on global warming i know you what. didn't take your advice to the >> no. i went with a delegation from the heartland institute to rome with nasa scientists and others and actually got into the climate some of the vatican was testing on april 28th of this
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year and try to ask a question of banned the moon and they threaten to have me removed from the building. this was the first coat. previous pope said clanton financial summits and invited in skeptics. we were not invited in. we were able to go in as credentialed media but they would not let us ask questions. the pope appears to be jumping on the bandwagon as the evidence continues to weaken for the case of man-made global warming. stuart: tell me about the evidence continuing to weaken. we quoted the national oceanic, you know, noaa we quoted them saying we are in a cooling trend for ten years. this is a reputable organization, isn't it? >> this is the data, not adjusted data, what we were in a global warming caused and 66 excuses to explain the flat line in temperatures but the data, in the u.s. 18.5 years of global
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warming stand still globally the idea that we have run away global warming, facing a catastrophe isn't there in the data from the last few decades and that is the same for no acceleration of sea level extreme storms are not getting worse, complete lack of hurricanes big tornadoes down, on all these metrics the case is weakening. stuart: i don't want to talk religion with you specifically but i want to ask what happens if you are catholic within the faith and the pope is telling you there is a crisis here we got to do something about it and is our fault human beings fall if you are a catholic and disagree with that, what are you supposed to do? >> i am a catholic and catholic parishioners. is a big concern but the issues
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the pope is not speaking, and catholics have to follow, on issues like abortion. stuart: if they read passages from the in cyclical at mass on sunday that his politics from the pulpit is it not? >> i call it an unholy alliance, wanting to the pope to have a scientific view people can disagree on, completely another to time and in cyclical to tie in with united nations climate treaty. the confusion is going to be catholic americans are going to think to i have to support a u.n. political treaty on global warming and if i don't and i'm not a good catholic? is selling confusion but on the other hand only 2% of this and cyclical appears to be on climate's so a lot of other issues, and all the other issues like issues overpopulation, and sounds like al gore in this encyclical. stuart: and they kicked you out, we are glad you are on this
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show. next cheryl has an inside look at donald trump's real-estate empire, first got a trivia question. which iconic landmark is celebrating its 130th birth day today. listen to the song we are playing the answer coming up after the break. ♪ ♪ ♪ ♪ ♪ ♪ the ones with the guts to stand apart - join a league all their own.
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insurance in a whole new light. liberty mutual insurance. stuart: we ask which landmark is celebrating its 130th birth day today the statue of liberty, june 17th, 1885, lady liberty arrived in new york harbor 111 foot tall 225 tons statue was shipped on a french warship. it arrived in 350 separate pieces took workers a year to assemble the statute, they did the job, is still there, lady liberty. donald trump running for president. he proved his skills in the real-estate business has he not? cheryl casone takes a look at his latest real-estate empire. cheryl: i was curious what the
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value was of the building he currently owns. his net worth $8.7 billion, assets 9.known to billion dollars, assets, pieces of property in manhattan, the organization of buildings you know, trump tower and as the international hotel tower the park west, central park south $53 million, he licenses his name and cooperates a lot of hotels as well. that is bringing him $3.3 billion from real-estate licensing deals. he makes more money on his name than actually owning property. stuart: volcker, state you name it. >> just have the trump name on the building is double what he
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is making on a building that he owns. stuart: if he has his name on a building and the building is owned and operated by someone else and that somebody else goes bankrupt trump loses nothing. >> that is how he skated out of atlantic city. he came out and said i don't own that property. one more quick note, he is smart with real estate and development. that is several billion dollars right now. and golf courses in europe. and those sources over there. and golf courses, donald trump. stuart: not a major league baseball cheating scandal. the card collecting the hiking the astros. former nets general manager steve phillips, fox sports, the
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u.s. open this year covering chambers bay and washington state. they're shooting the golf tournament in a rather different fashion. cutting edge technology. first, you loved our coverage of donald trump's announcement speech, so did late night television. check this out from late-night with seth myers. >> this whole idea is like watching fox news cover our rain delay. >> the crowd is looking to the left of the screen. >> from on high, the donald appears.
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security taxes and if there's more than 50 of them within the company in the state then they have to provide health insurance as well. i can understand how this is a win for the drivers but it is a little clearly to me, at least a loss for über and you say what? >> well i think that über has been saving a tremendous amount of money the last few years on the labor cosby classifying aside independent contractors. been hurting drivers, also it is hurting the state that is missing out on tax revenue and workers comp contributionings. i want to point out that had is a ruling by the state labor commissioner. iewb herb is going to appeal this in the court. i have a a private case pepgd on behalf of the drivers that is still working through the kowrts but that will help drivers. >> theoretically this is to the courts then it could go to other states and cities around the country i presume, right? >> i do know that it is being
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looked at by different states around the country and there's been a lot of concern and different places about iewb über hurting state economy by employs drivers and not playing employ benefits or required tax tots states. to this could be a widespread issue. >> yes. >> i'm sorry i'm so short of time here but a very big issue. thanks verify for joining us we appreciate your infaculty thanks san non. >> fox dana joins us more for more on this developing story. über has a value we're told of 50 billion -- wait a minute. will that value hold up? if they've now got a problem with their employment staff and employees contractors? pmpleght so, stuart, i think yes. it is the short answer, here's the thing über has had lots of bad behavior and they're still not punished by investors, in fact if anything, most investors consider this car
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sharing service to be a best if you compare to lift or any of the other competitors out there. notice as well über is using some of that money to go out and basically steal top talent from other tech firms. google one to note you have the guy running google. head of the map's division go over to über this morning and carnegie mellon they bought two candidates in pittsburgh to help. so über is not slowing down. >> you don't think that this ruling in california which is going to be appealed it may spread fair enough spread to other states and cities but you don't think this is a major hiccup for finances? j one more bump in the road. >> that's it? >> that's it. >> i'm with you because that is such a new idea. such a big deal worldwide i don't see how you can set it back dramatically runs ruled a board in california. >> thailg fight it. go forward it.
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but i don't think it will slow down how people use it or investor see it. >> turned around as well. risk and reward. >> 5 p.m. cocktail hour. >> do you have a happy hour? >> we do. [laughter] need to stop by. >> 5:00 everyone. deirdre on this network. baseball scandal, st. louis cards accused of hacking hughs ton astroing joins us former manager steve phillips. you and i have chatted before3- so what is difference between me going to a team talking videotape of them an spying on them. the difference between that and me hacking into their computer system to find out what they're up to. is there a difference? >> there's a difference. computer system is such that that own team houston astros way of evaluating plairgs their own what they call proprietary
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staff. i don't know that they carry the one when they do edition any different than i would carry the one in order to do the math. but i don't think there's a competitive advantage necessarily gained by the st. louis cardinals this was not that. this was about a former employee who left the cardinal who go to astros who rub people the wrong way and looking to kind of get back at them so they're causing problems as general manager i thought i was smarter than you. that is reality of it. we think we're smarter than everybody else. i wasn't going to base my decision on your evaluations but base it on upon and scouts and people i pay to give me that information. trchg the back drop here base tried to emerge from the steroid era. i presume that the commissioner will have to crackdown pretty hard on this to just -- make it clear not going to have the scandal. i presume that. >> i suspect whoever is involved
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in this may lose their job. question is who did it. who instructed them to do it? where did information flow and some point it is clear that livelihood is that cardinals will receive a fine of some point and may lose a draft pick and precedence as to what can happen. beyond that there's no other real penalty or accountability and not a pervasive issue where they hack into team where teams are doing this. but a individual issue with a individual person. >> is it cheating? that is a nasty majority. is it cheating? >> it is. but baseball we're great at that in baseball. whether it is stealing signs, whether it is -- you know scuffing the ball, tar on the arm arise in sunscreen good at it in baseball. we have 162 games and because we play every day we get caught a lot. >> i understand. i just you know you deflate a football you pay a fine. affect the game but if you hack
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a computer system, for competitive advantage then you could go to jail. i'm not sure i really unction this. steve always a pleasure thank you for joining us on an important subject. tomorrow marks first timing covering u.s. open. plan is to make viewers feel like they're on the golf course using technology. joins us from the bay golf course in washington state dan all right dan, what technology will fox use? >> hey stuart you're -- playing in a lot of golf right game invented there. this has a feel of a british open laid out by the same way. fox is taig a 1.2 billion dollar gamble on golf a sport that is lost players each of the last five years. and last year's u.s. open broadcast on nbc was the low test tv ratings ever for a sunday u.s. open. but fox's planning a big turn arranged and they have promised a lot of changes in the way we view golf. we have 118 camera on the course most ever including one camera
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that is on a controlled cart that will give the feel of walking the course with the golfers. they'll have 200 microphones to let fans hear action better. all of the cups have mics and a drone will give viewers a golf ball view of chamber bay golf course. they have also virtual reality being yiewlingsed here and really cool graphics that will show viewers exactly what golfers are facing. fox's joe announced this tournament this weekend buck says that he's done numerous world series and super bowls never seen so much technology innovation threatening at a golf event. golfers will have their hands full navigating this course. so they won't notice technology. butten pass well they better. because fox has put effort in this and planning it for a full year. fans will see, you know, if is known for taking chances remember tracer puck in hockey and fox is first to leave the score of the games an situation on the screen all the of the time. executives at fox are,
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obviously, eager to take a swing at this ancient game of golf they say that they will try to bring in new viewers that new eyeballs to the screen and not alienating folks watching golf for a long time. tv broadcast of golf hasn't changed a lot in many years. so new things and see this they can bring new people. >> i'll be a viewer. dan stringer thank you very much indeed check that big board again ago nowhere mortgage just look at that pup nine. but look at tesla. that is a nine month high for tesla. okay. sometimes been critical of the must. >> a new partnership. a battery developer so market like it is. >> isis luting priceless artifacts to fund terror campaign. facebook is trying to put a stop to it. we'll fell you what they're doing to shut dong on the sale of the really relics, after
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anyway let's take a look at janet yellen here an waiting on fed heads to see if we get a glimpse into when or what the deal is on interest rates and hikes and what they'll come. also a cosmetic drug deal we're watching a 2.2 billion deal for another maker. double chin maker looking to the upside and, in fact, up 22%. wow. and take a look at tesla partnering with a battery research company to lower their cost an exclusivity deal up now 3%. you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect.
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>> well cue up buzzer. big fed meeting this afternoon it is a hike on the table neil cavuto is here. i bet you're excited about this fed meeting aren't you? >> not really. but no -- obviously, the expectation is that janet yellen will telegraph later in the year the jury is split on that my guess not sure about your guess. bottom line is they do expect rates will eventually rise it be half of them seem to think it will come later this year probably in september. we'll see. >> we certainly shall. neil thanks so much indeed cost to coast big interview with one of my heros former paul at noon eastern, right here fox business network with neil. don't miss fox business special coverage of the fed meeting
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starting today at 2 p.m. eastern. isis has made around $100 million on smuggled artifacts from science in iraq and syria. trying to take down the middle then used to sell artifacts around the world. lisa joins us right now. first of all this hundred million dollar figure. is that accurate? >> pretty accurate. i mean, this is isis's signature making money off of what they come across a day in profits or get over 20 million dollars year in ransom money. of course when they come across these arvets it is a two for one because they get to destroy this preislammic history what they're doing. rewriting history completely. making a healthy profit. >> so you say facebook is trying to stop it. using information which you are providing, i believe. >> this is one disnt that we saw
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a lot of pages come up so if i approached facebook they said well they referred me to guidelines said they would never allow such a thing. well we have five links to actively running trying to do this. so taken screen is shots knowing they would take them down. within 15 minutes receiving my e-mail those were taken down. to facebook credit they're popping up like weeds they can't go after every single one. >> you read arabic, hebrew you're in touch with predominant languages in the middle east an you have a search on google i presume to anything that pops up showing this. >> exactly i saw sites motionly written in arabic one had way a contact to middle man and buy these items. >> what items are you talking about? >> coin, tablet, scrolls written in ancient hebrew what is value
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of these once taken out of a historic -- context. >> right. so if you wanted to return them all if you would find out where they went and return them that is not good enough. >> not the loss of the monetary but information and loss of history and taking them out of their historic context and then having them dispurse into the world trying to sell them to the museums or to auction homes. be contacted kristys so see if they have anything. they have put into place a system where there's a red -- red emergency lift of these items. so that if any auction homes come they know to flag them right away. >> your interest is in stopping money flow to isis. >> that is first place to get them. they are serious and when they say they're after creating a state, and they know that first thing in the most important thing is that revenue and pumping that revenue and obviously, masterful at creating
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this profit. >> 100 million. >> leesa thanks for joining us. lois lerner may not be the only employee involved in targeting conservative groups. report on the irs mystery man. after this. >> adviced by counsel to not testify. i have decided to follow any counsel's afghanistan and not testify. i will not answer any questions or testify. i will not answer any questions or testify today.
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>> lois lerner at the forefront of the scandal anybody else involved maybe at a higher level joining us jerry lewis who knows anything about this. anybody else? >> yes is the answer as a matter of fact. we talk about nothing but lois lerner for two years now. but come to find a man named william wilkens chief counsel for irs he's one of only two people appointed directly by the white house to the irs which has essentially 90000 employee think there are only two who get that appointment. he's one of them. here's what sources are told me that his office had unprecedented involvement in applications for tax exempt status as we know conservative
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groups were held back we're not allowed to achee this tax exempt status. one source telling me just this morning counsel was up to its neck in tea party targeting, i don't understand why he is still there. why does he still have a job? as you recall there's been turnover in the irs commissioners office john has only been around for about two -- 18 months now. he's a lawyer. counsel -- so therefore his conversations with people are private. >> privileged now been a lot of conversation e-mail traffic that went through that office that is being watched that has been watched for some time now. let me tell you a little bit about him he was a lobbyist for wilmer cutler nearly 20 years during that time he represented jeremiah wright and united church of christ in 2008. when the irs ironically went after them because of their tax exempt status. >> fascinating.
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the implication is that william wilkens is high up who is telling people to do things that is the implication that is the suggestion. lois lerner out there is a lower figure and simply carried it out. is that the implication here? >> telling me that is what sources are saying to me. i want toed to challenge over the 6400 e-mails that irs is is withholding deduplicated we have a response last night from judicial watch that filed this challenge. they say irs in their filing has a statutory duty for the request and atr a pile on now. americans for tax reform out with a press release last night saying saying what irs is doing is unacceptable moving at a snail's pace. pile on.
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>> but a pile on to get it moving faster and finding out the truth. >> what happened? americans deserve answers from the irs. that is for sure. >> i got it. jerry willis thank you very much i think deed more varney after this.
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>> i do know that it is looked at by different states around the country and a lot of concern and place bs über saving on labor cost, and then hurting state economies by employs drives for whom they're not playing employee benefit or required taxes to the state. so this could be -- >> developing story california ruling über drivers are employees they're not private contractors. okay. this is a bump in the road. but is that all it is? cheryl? >> she said, of course, that über is going to appeal. she has tho you remember a private case on books right now that she's pushing through the court system. über has a lot of legal headachings for now business
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stays as is. >> a huge hit to über bottom line and whether to go to spreads exactly. trouble. neil cavuto it is yours sir. take it away. >> stuart thank you very, very much. all this time you thought going after banks we get word that federal communication commission is planning to fine at&t $100 million. and it all goes back to those data speeds on your phone. connell with more on that. connell. >> breaking story at this hour from fcc and 100 million fine against at&t from the fcc they're planning is related to the speed in which you can use your cell phone saying mislead consumers or for years about unlimited data plans so june limited they violated transparency obligations as well. it goes back

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