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tv   Varney Company  FOX Business  July 10, 2015 9:00am-12:01pm EDT

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thought. "varney & company" is next and charles payne is in for stuart. have a great show. charles: it's friday and stuart will be back on monday. but for you today, we've got three very very big hours for your money. first, let's take a look at the market. we're starting off in the green again. a 200 point move. buckle up we'll see the big question, will it hold? china their markets are up. greece is moving much higher, but again this is how we start it every single dayment and some of them have been disasters, just like yesterday. and also more than 22 million social security numbers have been hacked. 7% of the population in just a few moments, rather. and a leading member of congress congress and we'll give you the news on the deal in iran the big question how does it benefit us? and a lot of pressure and worried about it it hit a new high in may and come down since then.
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should you buy it? we'll have the answer. "varney & company," we're about to begin. ♪♪ straight to the big news. let's look at the scenes by the way. greece, there's a big pro bureau rally last night and three hours from now. the greek parliament will look at the proposal and it will reshape europe one way or another. he's still there. ashley webster, an amazing job, ashley. you may have seen it the finish line what's it look like? >> i'm two weeks away from greek citizenship, put it that way. and a handsome match. listen this proposal will be debated in parliament and it won't happen until 10 p.m. local time.
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right about now, it's siesta time, but certainly not with the politicians trying to figure out whether they can propose this deal that the eu creditors will indeed accept. we've had some interesting news out of the u.s. treasury secretary jack lew speaking in washington and what's going on with greece. he said quote, i do not roll out damaging spinover impacts on the u.s. if greece exits. now exit. he goes on to say, the harder the problem is greece trust and requires debt relief. which is interesting, charles. in these very harsh austerity measure that greece is growing to, there's not a whole lot about debt relief there's profiling, about seven years from now, i think that's a close word for debt relief or
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re re structure restructure. and whether they'll do that they're saying we're not going to take the austerity just like the big no vote. we don't want it. if this is what we get. we want out of the euro. so there's a lot as always. charles: yeah, i'm a little jealous. and how is this for a staggering number. more than 22 million social security numbers have been hacked and china is believed to be behind it all and there are calls in congress for archuleta, the head of the agency is resign. >> we want to go right now to the congressman and he joins us on capitol hill. we've seen it before where a lot of mistakes have been made by the people in the administration and very few of them resigned and most are reassigned and in this particular case you're saying that this person must actually move out of the way and resign? >> well you're right, charles.
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this has been a hall mark of the obama administration you've had total and complete incompetence by a lack of accountability, no one has been accountable and things go wrong. you've got a case with director archuleta and we're back in 2007 and we have reports from the inspector general and that said opm's data was at risk and these protections were outdated and the people protection personal information was vulnerable and they took no action to protect that information and now as we've seen, over 20 million americans had that data stolen and opm is sit back acting as if it should be somebody else's fault and nobody has taken accountability and it's a place where the president needs to step in and fire the director and go a further step and ensure that the personal information of americans who data has been stolen is going to be protected. >> you're right. 22.41 million americans affected, a large block of our
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nation. what sort of steps would the president-- or could a new head actually put in place? how do we retroactively protect all of these social security numbers as probably in the hands of the chinese right now? >> well i think a lot more candor from the administration would be a good place to start. yes, president obama said he'd be the most transparent president ever and when they have hearings before congress they literally stone wall and low ball the number off. a few million they said it was and now it's over 20, how many people's data has been at risk because of incompetence i go back to the inspector general reports they won't follow basic protocol to protect important data. i think in one of the hearing, director archuleta said they shouldn't-- what's the point of encrypting data because it can be stolen. . that's one of the basic things you do especially with social security numbers you encrypt the data and put up firewalls,
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there are a whole lot of things put in place that they were warned to do in 2007. and it's a breach of millions of americans. >> it's absolutely beyond the pale. it's appalling and i don't know that the american public understands the risk or the depth how fast this is. great to be with you. another huge day in the market and i hope you buckle up. right now we're looking like we'll have an amazing start to the session and that's good news. we'll check on the price of oil now also in a distorted side ways, the beginning of the month, we're down a lot. has that translated to gasoline? not yet. over 2.70 for gasoline. a look at china, the hang seng over the past week and we've been on a rollercoaster and that's been pushing it up down
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up down extraordinary measures by the chinese government to stop the bleeding and between the last 48 hours it's come back dramatically. and no way i would have naught it could be up for the week and maybe china will be. now go to donald trump, guys. and his stance on immigration, and stance on immigration, here is what he had to say on hannity last night. roll tape. >> i love the mexican people the problem is the country of mexico, the leadership is much smarter than our leadership and killing us in terms of jobs and economic development and killing us-- when i say that mexico is, i'm talking about the country of mexico the government of mexico. they're sending us criminals, and instead of putting them in their jails, they're sending them to us. charles: well the fox news contributor tammy bruce and e-mack are with us. >> look mostly you're looking
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at the indigenous mexicans coming to this nation because of racism and abandonment in mexico. and-- >> you're saying they're mistreated in mexico. >> by the spanish elite. charles: they're forcing them to become criminals in mexico? >> it's clearly a whole host of different people and unpoint for the undocumented people the criminals coming over. charles: they're different people? >> there's all kinds of people. the bottom line as the boat list out of cuba you've got arguments that trump is making regarding actual criminal elements and people who have a different life. no way to sift through it. >> when you cross our border without the proper way you're breaking the law, period. >> watch the stunning data point at the department of justice. 42% of all criminal federal
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cases are brought and 5 districts on the zone. meaning texas, new mexico southern california and arizona 42%, that is just the size district that outstrips from washington to maine, coast to coast. all of the federal criminal cases and they're inundated on the border and this is the criminal local law enforcement is inundated as well. >> it's a genuine issue, that they should recognize american people want truth, honesty, bluntness and we're tired of political correctness as well. charles: obviously, it's resonating big time. other stories we're following for you this morning, lauren simonetti has the headlines. >> good morning, everybody. target is opening a new store out in san francisco today. it's a concept store you're looking at it called open house and it shows shoppers exactly what a connected home looks and feels like. showcasing everything from
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thermostats to coffee makers to smart baby monitors and how they can interact with each other. it's part of the internet of things and that market projected to reach 11.7 trillion dollars in five years. you want chicken? pizza? maybe altogether? k.f.c. is offering you're looking at it this thing here. it's heating up social media. >> called the chiller. and pizza, pepperoni on top. you can't get it here you've got to go to the philippines for the chizza. they're produced near detroit and sales of the focus are down 3 and 17% respectively during the first six months of this year and a michigan plant was one of 13 core factories that benefitted from nearly $6 billion loan from the energy department to build greener
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cars. >> the union is upset about it. >> the jobs could go to mexico or asia. charles: and winners and losers, mexico won with our taxpayer dollars. in iran here is the question. what happens when they let them get this when you play with fire you're going to get burned. we'll discuss it. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line.
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>> yet another deadline. i know you're surprised, with iran about to be broken. john kerry saying that iran needs to make tough decisions before a final demand can be reached. joining us right now, all right, doctor here is the bottom line. i think that everyone agrees at this point, whatever it is the officially countdown to iran officially getting the nuke. what does it mean? >> it means continued loss of
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security, loss of middle east. you see iran with power in the middle east gobbling up iraq and syria and now as the talks continue to delay, the best thing charles, is for more delays so maybe it's delayed until 2017 we are giving away the farm and they have the chutzpa if you will to ask for money sanctions and immediately could get ballistic missiles. and i would call it the art of genside and then you'll see an arms race between saudi and the sunni clerics and monarchs if you will versus the shia presidents of iraq and syria. charles: and wouldbuy them from pakistan to catch up or get ahead in the race. we're looking at let's face
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it, sunni and shia that's been going on since the death of muhammad and often fought with no rules. imagine both nations in an arms race with nuclear weapons. how long before one could go off? i wouldn't imagine it would be that long. >> and you know the sad thing is we had a mutually assured destruction safety if you will, against the russians and during the cold war because they didn't want to see their children die. unfortunately the formula, if you will thee logically have a scenario where they see a national suicide as part of their end of times. we cannot allow them to be a nuclear weapon. it's not stabilizing as it is between pakistan and india. unfortunately, we have to have a strategy. this administration oversaw the loss of an opportunity in the arab awakening that could have seized a change in the third
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pathway in tunisia and they may have a chance and lights, but those lights are extinguished allowing isis the radicalization of the countries and the loss of opportunities from the old powerhouses for a new cold war and the greatest threat than ever before. charles: where does israel come in on this? obviously in the past they've taken matters into their own hands. benjamin netanyahu has been a pretty cloud critic and vocal critic and warned the world against this. i don't see how they would allow this to go on. if we represent and give iran the defacto green light to build a nuclear. what would israel have to do? >> israel would have to protect itself. it sees not only the existential threat from iran, but the real threat and it will not allow the inspection regime. the parliament in iran voted 200 to 14 not to allow
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discussions with scientists and israel will have to use repeated intelligence to know what the breakup time is and make sure that iran does not get the bomb because the death to measured america and the death to israel we cannot allow them to get the bomb. charles: and i don't think that nuke shaming is going to play well with respect to be a deterrent. a minute or less what do you think will happen with america if we found they were cheating and going against us? do you think we would have the will to go in there and forcibly stop them? >> not with this administration. we've seen millions of displaced and isis committing heinous acts with us doing basically nothing. so, you know sadly the administration will continue to pray and hope they don't do anything unfortunate.
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people have the will to make sure it doesn't happen, but not this administration. >> thanks a lot. we appreciate when you come on. >> thank you, charles. charles: pope francis, more politics from the pontiff. and the greatest culture and capitalism next.
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>> well it looks like the sharpest criticism yet of capitalism from pope francis and i'm quoting here quote, it is a mentality in which everything has its price, everything can be bought everything is negotiatable this way of thinking has room only for a select few while it disardz all those who are unproductive. liz, what do you make of this. >> it's interesting that the pope jumped into a burger king to change of about making the remarks. there was loud cheering. there's the dangers and evils of communism, and this is what poapst of the fourth century have been talking about. the dignity of human beings and jesus talked about, too. and the pope was talking about the throw away culture, the materialism and kwaeted fourth century, money is quote, the
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dung of the devil, i hope to say that in the morning. and stepping into the throne of peter and the question where are those against communist. >> what do you think he made when it is only for a select few and-- what about the elderly and the poor. >> that's exactly who he's talking about. and poor country, including for the individuals have-- >> bolivia, a leftist countries and he spoke before him, wore the jacket and you're going to get these kinds of applause. ahead of a visit to the united states, i think it's a shot across the bow to western americans and the argument around the world. and setting the stage of a
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showdown, capitalism versus socialism. >> apparently the pope was not amused when morales gave him a crucifix out of a hammer and a sickle. >> he's basically talking about unemployment, a lil post. >> and this is a central argument around the world that will dictate how the world goes the next ten, 20 maybe 30 years. the future today is all about capitalism. and well, maybe a little bit of shenanigans too in china and greece. nevertheless, here is the question. where are we going to end up? we opened up and gave it away and today we're going to do a little celebrating next. (vo) me? i don't just wait for a moment. i watch for the perfect moment. the
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♪ i just want to celebrate another day of living ♪ ♪ i want to celebrate another day of life ♪ >> that's right we are celebrating. and pat yourself on the back. fox business we had our best day ever. that was on wednesday, and that's when-- we kicked it off here on
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"varney & company" and congratulations to everyone particularly neil cavuto trish regan liz claman on that crazy crazy day and everything we needed you stayed with us and this is the place to come for news that effects you and your money and your life. thanks for watching. right now opening bell could be up as much as 200 points at the start of the session, we've had major, major news all week long. we're up 74 and all of the stocks begin opening for trading and they're going to be much, much higher. >> joining liz macdonald and cheryl casone. we've got stocks here and scott shellady. the rally, here is the big question, particularly after yesterday. up huge 240, 50 points. and i say yesterday, we have another ten minutes on the session we would have closed in the red. can we hold it today? >> well we've got so many good
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things going on right now. charles: they feel good, but-- >> feel good i use good in a very short-term way, charles, because i think there's a-- >> and five jokes and have those later. >> look forward to it. short-term things we went from in greece the greece situation we went from having good wagering house in london and giving it a 48% chance on wednesday to this morning, they're down to 25% chance all of this is-- >> i mean china, i mean come on, and that's more importantly in the markets than greece at the end of the day and that government is back stopping that market. and that will be-- >> and the person watching the show does not care as long as the bleeding stops over there and they're backing the markets do they care? >> until it's a month, two months or six months they lose their footing again. >> china went up 160 points and
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you barely heard a peep about it. in the rear view we might be okay for a little while. what do we have now? >> first, we're probably up just because of the women's soccer team and secondly hey, greece is going to have to pay that money back. they've got a gdp that's imploding they're got unemployment that's skyrocketing and i'm skeptical, i'd like to see it up. i think they're overtly doing what our fed is trying to do here andh more outgoing about it. if you execute a sale we're going to execute you. >> and well china actually reported on this. and china has been known to execute accountants. getting back to greece we may be close to a deal at that we haven't seen in five months. the closest in five months the same deal since then are we in
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an earnings recession? s&p capital iq says we're close to it and it's coming in pretty good. charles: it's coming in pretty good and i think a lot of people on the street will call out energy and quick, ashley websters says they're going to reprofile that debt. and kick it down the road. i'm not sure they'll pay that on. >> they just got a three-year grace period. charles: they can never pay it back. and they will never have that kind of cash. >> it better than it was. >> and take a look at apple. almost everyone watching the show has apple. we've got it up here today. and again, over 10% down. do you buy here? >> i'm not a buyer of apple. i don't know who the other buyers are going to be. you said it everyone who is an apple is already there and we're going to get-- >> so the greater polls matter
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more than the fundamentals? >> it's a great company. i said on the show with stuart i thought they in the near term, had the great earnings. this is the first one that has it folded in and-- >> watch out for that liz. >> apple isn't disclosing the watch data though. and the market is out there, questionable and genius that's been attacked. and the question for apple, can it fix its china problem? >> ubs is saying yes ubs says there are those into china. >> apple has been a victim and sometimes cannibalization. i think that the watch is a problem. and earlier in the day, they're saying they don't have the numbers yet and the first earnings announcement with the watch included you're going to see pressure on the company and a new i have phone coming out there. >> how important is it that apple leads the parade here? >> it's a bellwether it's very important i'm not going to buy it here, but not going to bet
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against it either. we wait and see how the numbers come out and then back in. and that's a bellwether and it's important. >> listen we're popping champagne in new york and there's a nice pop of anheuser-busch on the new york stock exchange. nicole? >> we've got a winner and 5% at 126 and change. first of all anheuser push inbev. they dominate the beer market and globally there's a market share. and budweiser, and just to name a few, it's a winner and city group came out and said that heineken was their favorite at the moment because that's the cheapest of what they were looking at versus anheuser-busch anheuser-busch. and anheuser-busch had a story in it and they may target the m and a activity for china and those are some of the reasons. >> no matter what the central
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planner says well. >> it's a little bit and what they're saying here is the thing oil has come down a lot and did 75 as of today. stuart has been looking at the closer prices. is it going to have it anytime soon? >> yeah i think so that gas prices, when the tanks start to run out and refilling, they're going to put the prices down and i think it's within the next five or six days we'll see more pressure here. the last guy i heard was counting oil up to 75 a garl. and i think we're going to see 45 a barrel sometime soon. charles: i love t. boone, ale he say oil is going to 60 before it goes to 70. [laughter] is that why-- we take a look at shares of
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gopro. and see these now as being a contest provider on the likes of h.b.o. and netflix, cheryl what do you say? >> i think it's going to be a brilliant move for gopro. and the style and content. and it's with advertising on top of it and i think we've got a winner. >> raymond james is saying that basically the go pro just picked up the top official from hulu and a documentary video provider. and it's a take on h.b.o. and netflix and that's key. >> wow, you see the sweeping savannah shots in africa from the gopro cameras of lions around you. charles: are you long gopro? >> i don't like that one. the hero four has not done
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well. charles: it's been out of two days. >> i think we're going to have a lot more downs than ups. >> taking a look at a long-term media company, that's disney. one of the powerful units has been trouble, espn has been a big moneymaker for years, but stiff competition is coursing them to tighten their belts. in terms of the bottom line what's going to happen? >> if you look the stock is up today. they're looking at things that folks maybe don't like so much. here is the thing, espn contributes 25% of the profits through disney and cutting costs there is going to be a nice cash push for disney and-- >> and they did triple their fees charged to the nba and keith olbermann quit again. >> and i thought that the one thing that we just loved to watch live was sports
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programming, but for espn they have the second tear sports, but don't have a top tier sports. >> the competition is really really becoming very very intense for them and i think that, by the way, how much are they paying for this stuff? costs much more than it used to. and the australian football-- >> and that, they own college football. charles: we're going to take a look at a new airline seat design and this thing is weird. and flying economy is already a hassle, right? we know that i don't like to fly because of my size. how do you like if you're staring at another passenger and rubbing knees, cheryl. were you a flight attendant-- >> you have to make eye contact with strangers on a flight. and who wants to. >> and you no wha iemknow what i mean.
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>> first of all, you're not going to get this in first class and any margins, they'll give everybody a bottle of mouth wash face-to-face i don't want to sit in this. charles: and will the economy be down with this someone? >> when i get on that plane, charles just like you, i walk down that aisle and anybody that thinks i'm going to sit next to them. i can turn really fast. >> who is going to fly this? by the way, and wearing a michelin man suit and ear plugs people are blasting this company from france typical of the french to seize more people in. >> and they have the patent and design, will the airline actually buy it? i don't think so. >> and like folding chairs what will they do for the
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airlines and we'll be standing. >> a standing computer flight. take a look at the big board. we've been trading for ten minutes. the big question of the day, will the rally hold? so far so good. we're only ten minutes in. and we'll have more for you. government workers, rather personnel data has been hacked and stolen we're taking social security and other things and the agency was compromised, ahead of that you're looking and she refuse toss resign. it's a historic day, the u.s. world cup came they're going to be on it with the ticker tape parade. we'll take you there live when it happens at 11 a.m. >> it's wonderful for women, football and the world. not only for the u.s., but we have a name for ourselves and now that we have the title we have a leverage and advantage to open up the eyes you know of people around the world and
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>> all right. checking on the big boards. will the rally hold? we're hanging in there and this is how yesterday started. we're watching for you. second by second. there are the stocks big week for cyber security and most of them building on gains from yesterday. here is the newest thing, but it's huge. 22 million, social security numbers packed from the government date a base and a lot of action in the stocks. and nothing happened this week speaking of cyber hacks, there are calls for katherine archuleta, they want her to resign and earlier at "varney & company" the top of the hour one of those leading the
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charge, roll tape. >> director archuleta said they shouldn't what's the point of encrypting data because it can be stolen. that's one of the basic things you do especially with things like social security numbers. because you encrypt the data and put up a firewall and protocols they didn't do and they were warned to do back in 2007. that's gross incompetence and led to the breach of millions of americans. charles: your thought on what the congressman said and some of that seems like basic common sense. you don't have to be a professional hacker to know if someone, your information you're holding on the american public is vulnerable. why aren't they protecting us? >> it's been an issue for a long time and i don't think it's been indexed in for long enough and massive issues and the government and private companies haven't been taking it seriously now. >> can i ask you a question we've got senator ben zap keeps
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saying this is effectively giving china a spy recruiting data base because it's not government workers or-- it's friends, family and roommates could be subject to intimidation and blackmail and that's scary to him. >> and i think what's more scary could this happen again? this is 20 million people and could affect local people and i think that everyone needs to up their game. >> millions of j.p. morgan targets and some of the large companies, those are part of the businesses and at the u.s. governments. what i feel is large entities. the u.s. government and the corporate world and point at each other, no you pay for it no, you pay for it. don't they all ultimately have to pay? >> we work for a lot of companies like social media and we invest heaviy in security
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and every company has that and if you look at the data-- >> and e-mack they've given away some and-- ments we don't even know how long they've been in there and take it over a year. is it enough? i mean firing the head of the opm that's a consequence, not a solution. already they're downplaying it. >> and the number goes up and to her point, they're there for this long and i find it interesting we have a whole series of events that happen this week and the knee jerk response, nothing to see here folks keep moving on. and the wall street journal and the stock exchange. >> the they -- the knee jerk response hanging out and collecting data, there's no way to know if they were in cyber attacks.
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>> it's really really impossible to track down and regardless of who you put the blame on everyone needs to change what they're doing and the fact is-- >> we're dealing with these companies and it's inevitable. they're going to pay up. >> what about the government? the government doesn't take it seriously. >> it's the most important. it's crazy no one in this department has been fired. not one person they've been messing up and-- >> be careful what you ask for. they may fire him and give her a bigger job. hey guys-- i'm sorry, one more josh, you don't want to-- while she's performing everyone knows during a performance she stopped the performance and grabbed their cell phone.
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>> if you're in a theater in a play and put it away. i'm shocked that no one else with using them. >> at an earlier matinee at least three cell phones went off during the performance. >> it's a discipline to put an away for two hours. >> absolutely. we should give her an oscar. >> a tony. charles: we've got much more on "varney & company," three cars your emergency kit, and a box of leggos. and the future is now. and next. and charles payne at 6 p.m. geraldo rivera and i aretalking about pope francis and his unrelenting attack on capitalism.
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>> all right. looking at big board, listen i'm i'm not going to be an alarmist. we need the rally to hold the events of the weekend for a big statement. yesterday we did not. now you've got to check out shares and they're leading those, and draghi wants to go
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around with the checkbook. now there's a company and there are 3 d presses and on the shares, gary gastelu is with us. >> the 3-d car sounds so cool. could you design a car and the model this company uses they crowd source to design the car, they have a community of users and the cream rises to the top. that's the way it is. >> really? >> so are these some of the brands now? we're showing that these are some of the ones that are picked? >> you can pick out the bodies and make it look like that as well. and transform the car. and on the detroit auto show and a 3-d printer as big as this table here. it's amazing stuff. >> how long does it take? >> 44 hours to print out the chassis and the body work.
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by the time of production 24 hours and they think they can get it down to two in a couple of years. >> this is everything except the engine. >> the chassis, the body and the seats in there and clip in motor and suspension. >> any copy right issues infringement on existing design. >> i'm sure if you tried to cop one, but they came up with an original design. charles: i don't think they have to worry about that. but are we looking at a day when maybe we'll have one of the printers in our homes or neighborhoods? we don't have to go to local motors, but maybe set up distribution and i can go through my corner store and say this is the car i want and printed out for me this 24 48 hours. >> right now they build more cars in them and set them up in february. what they want to do is put one in the factory and every town and you know some point, every car could possibly be
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different. just change it up. >> and by the way, how much are they charging for? >> and the initial ones which could be electric up to $30,000 and probably more when they have the highway version later this year. charles: they're all electric. >> they're electric, but could do a conversion one as well. >> wow so cool. thanks a lot. i think i'm going to get a franchise if they sell me one. >> breaking news for you right now. and general motors recalling 780,000 crossover suv's, mainly in north america because the rear power lift gates could hit people. and they recall the buick enclave and chevy traverse rather, and some other models as well. and the stock is not being impacted. up exin on "varney & company," jeb bush is raising a ton of money. charlie gasparino says why does jeb not want to talk about his time at lehman brothers.
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>> here is a big story, new at 10. you were making serious money right now. the big board, right now, investors are cheering and hopeful. and maybe in our rear view mirror. it's a great time to start the weekend because it's a heck of a rollercoaster and good week in money at least for jeb bush. he got more than $100 million what he's raised so far in his race for the white house. charlie gasparino wants to know, what about the millions he made during his wall street years. on dealings with iran reaching a critical stage right now. talks are underway and we're probably in the stretch run this weekend. both sides, of course complaining and making tough decisions and we're making it something we love in america, a parade of americans what
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champs they are, the women's soccer team is getting a ticker tape parade and v.i.p. treatment in manhattan and they deserve it. second hour of "varney & company" starts right now. ♪ check it out. the green, baby all 30 dow stocks trading higher. of course the question is it's a legitimate question will it hold? we fizzled yesterday and e-mack is here and adam shapiro joined us, this market is all over the place because it's taking cues all overseas. >> but china is not out of the woods. i think you've pointed out already, you can't trade half the stock at the shanghai composite. it's propped up it's not genuine. there are 90 million stock holders. just like you, our moms and dads, and individual investors
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borrowed to buy that stock and pay back the loans. there's trouble for china, it's not over. other story for china, they're making the insurance industry they made about 18 billion worth of stock. >> do we want that stage managed market? . how can you have the right stock in china? >> and people want to play that. >> it's executed if you short sell. >> we talked about that. >> you can buy indexes that short change. >> and typically it's short selling and financial collapse. >> and not shooting people in the head. >> arresting people i don't know shooting people. charles: you can go to jail. all right we've got a couple of individual stocks that we're looking for you, first and foremost, apple has not had a good run and the days are nice and the big reason of course ubs has jumped into the mix,
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but some are not buying the stock. nice pop for anheuser-busch. really making a big, big move up 4%. when you see $125 stock, usually you've got to take a look at this. it's downgraded a couple of days ago, they're down and shaking it off. 259 shocking to a lot of people. we've got to check out shares of general motors yet another recall, friday is the recall with general motors and that's probably why the stock is not getting hammered. shares of disney at an all-time high despite the juggernaut and falling breaking stories for you. taking a live look that's the state house in south carolina and where the confederate flag is about to come down. and there's one flag that i salute, that's the united states flag. did we win that war? >> we won. >> i'm happy to see it taken
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down, i think it offends people and-- >> what about now it's digging up old dead confederate generals and-- >> now you're-- >> dukes of hazzard and many others. >> there are respectful ways to look at our history, good and bad. that flag was raised in states like south carolina as a statement of protest for what was happening in the united states states. charles: and a statement on state's rights which i get. i believe particularly right now, the federal government is intrusive and taking rights away. it's a difficult thing, but i don't think it's as wild as the state capital, but if someone wants it on the roof of a car, fine. and not the confederate generals. let's move onto the future of our country, the g.o.p. race. jeb bush raised 114 million dollars so far for his campaign.
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fox business's correspondent charlie gasparino is here and wearing a sheriff's badge. charles: i thought you were coming here to lay down the law. you say you've got something on jeb and you wear the sheriff's badge-- >> i had an interesting conversation with the jeb bush spokes people. and i asked a simple question what did jeb bush do for lehman brothers, and declaring bankruptcy in 2008. basically what i got was object -- lies. and i went to the examiner for lehman brothers for the bankruptcy, which it shows that jeb bush was part of a last ditch effort by getting a injection by carlos slim
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billionaire. he worked at lehman brothers he worked there as an advisor. he did stuff for them. i think given what goes on at wall street and how they are making it in washington and you are jeb bush and lehman brothers was taken over by barclays. if you look at 29 million he made after he left the florida's governor mans part of it came from wall street. he needs to disclose this what did he do involved in the bailout efforts. charles: on the bailout effort is there someone wrong with someone trying to save their company by reaching out the richest man in the world? >> that's the point. why is he hiding it? >> because the public when they hear lehman brothers and wall
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street, and here is what i say, the public is scared about wall street. because wall street and the connection for washington it's a lot of bad things. and i think with bob ruingen worked for bill clinton and-- >> he went for the bank and benefits the most from getting rid of glass-steagall and-- >> you've got to disclose this. charles: i think there's an incestuous relationship between washington and wall street that-- >> how many times did you have to call. >> look at my story, four or five times at least. first of all, i don't know if they lied, but object-- and lehman was out of business and i went back and apparently
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he didn't meet with slim when he asked for the bailout money, he called him up. that's how they tried to get around that. charles: and i want to bring in donald trump. he's in a better position and take a look at sean hannity. >> and i think it came out from the economist number one, you know, people are agreeing with what i say. charles: all right, charlie. and doing offing from the trump building, but listen,'s got a lot of money and maybe trump might have boxed himself in. to win the president it's going to cost a billion-- >> i don't think he cares. he lost a lot-- if you look at the dollar from that, the dollar amount of those deals, it's 50 million. to donald trump, that's trump change. a billion. he says eight.
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people say one, forbes says 4. >> 50 million is a bar tab. spending 50 million dollars basically-- >> hold on a second. there it is. we're watching history, the roar in the background the last time the confederate battle flag will fly over the capitol of south carolina. >> maybe won't have to do this story again. >> a lot of cheers wow! and we're looking at this a couple of the confederate flags
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have been down as well. overwhelming cheers, a moment that a lot of people think that the symbolism of this-- >> well when people talk about confederate flag in a museum and something like 100 different confederate flags. which one truly exemplifyies that. that flag was raised as a sign of protest and citizens of our country-- >> we've had some on the show that federal government and state governments shouldn't have points of view and having said that the individuals obviously have the right like those people in the crowd to fly the flag that they want. >> listen i have nothing against the south. my father served in the marine, and camp le jeune and we won
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that war. that war was over. the south, what it stood for, slavery and after that jim crowe they lost. charles: you don't think for some people in south it's a symbol of southern pride? >> it is. >> and a broad concensus what it stands for. you can say a nazi symbol stands for germanic pride and-- >> i wouldn't equate it with that, but my first base in the air force and i got to my dorm eight or nine confederate flags in the window i was worried and scared and angry until i got a chance to meet all of those guys and became friends with almost every one of them. >> what's it mean? it's up there with a swastika. charles: it's not a swastika. >> it's up there. charles: draw a line. hey, our wall to wall coverage. new york stock exchange outage, got your stamp of approval.
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>> and at fox business the best ever. we want to say, thank you, nicole down on the floor and she ended it all. she was amazing and everyone here was amazing. >> what are they doing there? >> nicole getting information. and talks with iran getting more and more intense and both sides complaining they've got tough decisions they've got to make and maybe trouble inside. >> and israel will have to use its intelligence to know what is going on. once it gets close to the month to make sure iran does not get to the bond. if it does it will become a reality.
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>> we're talking about over 3000 stocks here on the floor of the new york stock exchange that are still halted at this time. >> do we need the floor anymore? the floor is an and knack
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anachronism. in the united states we don't necessarily know what's going on about you this market has moved completely side ways since it happened. i don't know if someone pushed a pause button or not, but this is weird. this is our coverage of the new york stock exchange. you're watching now, the star is reborn. remember, the outage lasted four hours and coverage led to our biggest day ever in history on fox business and thank you for watching we'll keep on this for you all the time. another breaking story for you there, the u.s. women's national soccer team are getting ready to celebrate the 2015 world cup win with a historic parade. it starts at 11 on the nose right around there, no matter what. the canyon of heroes in lower manhattan. now to iran where another deadline, believe it or not secretary john kerry says that iran needs to make some tough decisions before a final
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agreement can be reached. joining us now, the former security council member and julia turner we've seen three deadlines come and go and hearing the harsh rhetoric and everything else that comes out of there, it sounds like iran's got the upper hand and will probably get everything you want ultimately? >> i don't know at this late date iran necessarily has the upper hand. as everybody has been talking about president obama and his administration certainly appears to want or need this deal more than the iranian regime does now. and the issues that are a major stumbling block, six months even a year ago, the same ones we're dealing with in this 11th hour. sanctions the roll back of the sanctions in an i in i-- addition to the others. >> to those three points iran every now and then it's a little something on it and now
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that you mention it we want the u.s. arms em embargo removed. and what reason would president obama think this would be a feather in his cap and they are pushing this? >> that hard line rhetoric that we've been hearing all the way through whether it's from the eye ayatollah, or the president. recall that they've been criticizing the united states our way of life at home as well as our president for the last six months. so this latest sort of demand is just another political machination. they're playing to the political constituency at home. >> the american constituency would like to get played to. here is the thing i'd like to ask and i guess the whole parameters for congress to give us this blessing.
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how does that work out? we're seeing what debt that plays into iran and considering that the g.o.p. now controls congress? >> that's exactly right. after the latest missed deadline, what is going to happen, in the legislation byby congress will have 60 days and two rather than one month to consider in the space and whatever the deal is and gets out of it. what you mean it's more time for conservative critics to really play to their bases and play off the issues. and more time for leadership and reach out to dems and try and build more support there. so it's generally believed the longer they have to think about it and talk about this legislation, the worse the outcome is going to be for the president. >> ultimately we've got 30 seconds left. do you think whatever the deal is it's no matter what it starts the clock, the essential clock running to iran eventually getting a nuclear weapon? >> well, that clock was actually started a couple of
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decades ago and has been ongoing. you know, the idea that we're stopping iran's nuclear program or that we're moving forward into a future where they have no nuclear program whatsoever has never been on the table. that was our 100% option and the president took off the negotiating table before we sat down. so it's important to keep that in mind. >> we appreciate it have a great weekend. >> coming up we've got a parade for champions, they're preparing all night and we're talking about the u.s. women's soccer team and they did an amazing job and now it's time for us to honor them. keep it here. more varney next. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom?
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>> to be here to celebrate the ticker tape parade and with new york city we came in from l.a. and now we're here in new york and hopefully just give back to the fans and supporters. charles: that was u.s. soccer team member here with maria maria bartiromo this morning. rick you always get cool asymement. this is one of the coolest. what are you saying? >> it is they're playing music and 3500 people won a raffle on-line to get ticket in front of the stage in front of city hall where the parade will obviously wind up. for the world champions, the u.s. ladies who won the world cup and it's great starting in lower manhattan down by the financial district and wall street and make their way north up broadway to city hall and the route has been lined with metal barricades and new york's
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finest, and a lot of fans have been up early this morning, and the best female soccer players in the world, they beat japan 5-2 on sunday and respectfully it was revenge for the u.s. in 2011 and this time it was no doubt. they went up 2-0 in the first five minutes and 4-0, 60 minutes in. and lloyd scored her third goal in dramatic fashion. more than 200 ticker tape parades for champion sports teams like the new york yankees and new york giants occasionally for heroes like neil armstrong or john glenn, but it's the first time that an all women's team has been given this honor. >> this is even better this day and age with all the fans supporting and winning canada coming back and coming here to new york city to end right with
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a parade. and it's pretty amazing. >> amaze, indeed. we expect to hear more from christie and probably about 1:00. charles: by the way, who is paying for all of this? >> i guess we are. the city is footing most of the $2 million bill and they raise some private donations $450,000. they were seeking more donations and a secret at the new york post turning away people at city hall trying to give money. the city hall says it's not true. and they helped to pay for the parade, in all, we get to see the ladies ride up broadway and celebrate a victory at city hall. have a good time there. >> thank you very much. a proposal was given last
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night and you're looking live at athens. and we have ford moving their small car production to for bigger margins. more in a moment. >> let me give you the bad news, every car and every truck and every part manufactured in this plant that comes across the bar der-- border, we're going to charge you a 35% tax and that's simultaneously with the action. >> taking away thousands of jobs, that's very bad.
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>> back to ashley webster. all right, it seems like it's been heating up.
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>> well we see them in every way. that's the heat there and a lot of heat on the greek government to get this deal this new proposal approved by the parliament. there will be a vote of 10 p.m. tonight 3 p.m. eastern time on greek lawmakers agreeing to the deal and prepared to be given to eu creditors. it's going to be interesting because there is some opposition, although the conservative party, the new democracy party say they will back the plan and there will be lawmakers who say no way. they are calling on other lawmakers to vote no and for greece to drop out of the euro zone. that's not going to happen charles. i think this will pass the greek parliament and then it's down to the eu credit and are they prepared to trust greece. there's a lot of-- there's not much about debt relief. there's an item in there for
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reprofiling. and i think that's debt relief for about seven years from now. we shall see. for everyone in the eu charles we could have a deal for greece some day. and if that's the case the eu summit, the moody's credit rating service says they're about to run out of money and possibly by sunday. so it's going to be cutting it very close. meanwhile i'm standing here at the base of the acropolis and looking over athens and it's covered in scaffolding, pretty much like the greek economy. so the analogy is telling. >> and could put a for sale sign. charles: that's true, i think i've got a job an as a tour
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guide. charles: we'll check with you soon. check out my show we'll have more on greece and your money here at home. let's update individual stocks that we've been following for you. td ameritrade has widespread issues. i talked to her about the issues and all hands on tech customers will be taken care of. no one is more disappointed than we are. apple not too far away from a five month low and ubs came to visit them saying don't worry about china, apple is okay certainly up today, 2.81. a nice pop for analyzer bush. 4 1/2% on bond offering and take a look at tesla. not too far from the all-time high, and now check out shares of general motors. this friday it's a recall,
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there's another big one. 700,000 suv's and shares of disney despite at espn they're trading at all-time highs, disney is a juggernaut. another one emerging as uber and there's an amazing fight with drivers and taking a very very ugly turn. uberwants to turn to a recent ruling, and turn as contractors, and they want to turn it around. and the driver is at the company and ask for compensation, and uberis stopping other drivers from doing the same thing and filed a motion in court and says they have the support of hundreds of people, that remains to be seen and now this trending sometimes moving it up and they create more pollution than gas cars. and you break the best stories and i've got to tell you, no
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one thought that the bores would have more than gas guzzlers. >> especially on the east coast. where is it getting the electricity from. out best that may be natural gas out here it's from coal and natural gas. the ultimate pollution created. >> what about the fossil fuel gasoline. you weigh them and use the cole that's certainly more-- net net collects more pollution. >> they noted in the study there were wide varients, but overall electric cars aren't cutting it. despite 7,500 cars. not even cutting another three or four. >> and that's the point. so what do you think is the future of that for the electric car industry given your
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findings? >> it's based on the assumption, the federal government is subsidizing it. if it's not greener, that's a problem and-- >> i'm sorry, is that something out there, you know making electric cars is dirtier? is that resonating nationwide? >> it's out there, but the bigger problems for the electric cars it's based on government support. if they are-- >> the twist with having the electric cars and having a fuel cell moving from car to car and home to home. in the 1980's they were talking about hydro gen cells and the thrust of this is to improve the technology and producing cars. >> again, it's just something that's been heavily subsidized and when it's greener, it's not greener because of the electric cars, but because of fracking
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and natural gas. >> that's one of the reasons why tesla stock is where it is it's not just a car story, it's a battery story. >> the company has not been profitable since 2003. >> the as a matter of fact knows that whether it's from high point or adams, there's something the way we change the way we live. to the point, guys why shouldn't it just be the private sector? >> sometimes government research and dollars came across the private sector and told us where we need to go. and they went to florida power and lightning and sailing on biscayne bay and the day is coming when you're going to to a hardware store and plug it into the house. >> and i don't think it's long but that's where he's going. pretty soon the house is in the power pack basically you'll be off the grid. private enterprise there is no profitability.
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it's going that way and-- >> and it's a problem the drug industry, they've had billions and billions of dollars, often that never come to market. the same thing in technology, billions and billions of dollars. i think that elon musk has enough money and he should do it. an investor/trader, but to the point if it's so great we can see it around the corner what's with-- >> and with ford they've moved it across the border and we have jeff flock, in fact with us, hey, jeff you're at ford's plant in chicago. tell us what's going on? . they're moving and that's as well as the ford focus, they are getting moved from the plant in wayne, indiana, in
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michigan, to mexico. and mark fields our buddy at ford must think his friend donald trump is not getting elected president. because he said you move a plant to mexico we're going to tax you 35% coming back. it's a business decision. this is a plant that's humming behind me. you see the train rolling past and people are buying explorers and suv's and they're not buying-- and the ones moved to mexico 128,000 sold. the escape and explorer more than twice that. people do not want the small cars now and people can't, unfortunately-- you see that behind me now. can't compete. charles: jeff flock, thank you very, very much. now our sector report. great --
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there's a little bit of a miss there, remember two companies up 40 to 50% and other stocks in the space include info blocks reacting to the big news in the sector and those stocks are up 20 to 30% and some of them you're looking since january there's a move for them in the last year and a half. jeb bush is hitting plants from the west. the comments are taken out of context. next we'll take it to america and what will it take for america to get back to work. we want to report that omar sharif in lawrence arabia and dr. shi viaggio, omar sharif at
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>> we're showing some gains here, 124 points on the dow industrial average and s&p 500 up 17 nasdaq up 48. it is however, a losing week and wall street, but we may be
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enjoying the up arrows today. take a look at apple in particular, 128.70 a selloff recently, but today. united health verizon, visa j.p. morgan among the other winners on the dow jones average. >> and disney, they made an announcement searching for cut costs. some of the stock, this stock on the day where the u.s. world cup champions, u.s. women's team is out on broad in the ticker tape parade. and foot locker to the upside and electronics arts a new high. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms.
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check out the shares of weight watchers. they've been up a lot this week and now a big bump 5%. takeover chatter, may be a hedge fund coming in there and taking it private. and now an ugly stat for our economy. labor participation, we talk about this a lot. it's at an all-time jeb bush called for 4% growth across the country and explaining how he could get it done. a guy who knows a thing or two about getting people working, matt ferguson.
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how do we turn this around and how do we stop people 400,000 people from leaving the jobs market and perhaps coming back to the job market? >> well i think there's a skills gap where i think it's largely an information gap, it's an educational gap and sometimes a behavioral gap ap educating people that there are high wages and we've seen some people who are going through programs who in less than a year, wages can go up 50% or sometimes 100% from $8 $12 $16. then we have to tell where the wages are going up and provide for an educational system that allows them to be reskilled less than a year and for people having behavioral problems working with others and showing up. there are different things we need to be able to show them. life skills. >> and putting more people back in. i'm glad you put that up. i was shocked a year ago on the
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survey, i saw one particular question and after the math skills, to your point. employers say the number one problem was getting people to come to work and have a good attitude. >> i think that's right. when you look at it today, there are a lot of jobs that go unfilled in both health care and information technology a lot of skilled manufacturing, whether that's a machinist. i hear it from companies who can't buy welders today and can't find auto technicians and these are high paid skilled jobs in a relatively short period of time. ap there are others that show up on time and a segment of the population that provides life skills training so they can be a strong employee. and i think we can get the word out more people come back into the market and helps with the participation rate that you talk about earlier. there are a lot of jobs created that people don't know about, we have to articulate that in a way that the market understands and there's an opportunity for people to come back.
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>> i agree with this a thousand%. to your point, more and more people need to know. there's a self-fulfilling aspect of it. we appreciate your expertise this morning. >> now to a completely different topic. but there are a lot of jobs in this one, too, and kicking off this week in san diego, dateline.com dateline.com dominic is going to talk about comic-con. what's the biggest thing going on out there this year? >> i'm from deadline hollywood. and i've got to tell you, with marvel not making a big screen appearance, it's not super heroes, but blockbuster. "star wars" the force awakens and warner brothers kicking off the slate with batman versus superman both of which have huge preparations in the massive hall that fills over 7,000 people. someone like harrison ford or
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ben affleck show up the roof is going to blow off the place. charles: hasn't there already been a ben affleck sighting? >> yes, there has. ben is in town and we know he's going to be done-- we broke the story he's doing an exclusive autograph session, what happens with these guys you're in this room with fan boys and fan girls, charles, lined up in the hot sun to get a couple of minutes to see the stars, they go crazy for these and they go crazy because they're some of the people to see exclusive footage. comic-con 45 years in is one of the biggest marketing for the networks and every angle they can. >> i went to one and i thought i was a "star trek" fan and i found out i know nothing about "star trek." we're showing pictures now, these people get into this hook, line and sinkle it's a moneymaker. >> over 130,000 attendees alone. franchises and vendors, this is massive for the city of san
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diego. they recently signed a contract to keep it here several more years millions are at stake and billions at stake with jobs and movie and television industry, these are the films that pay the bills. the tv shows like walking dead and game of throne watched by millions or shows like dr. who around over 40 or 50 years around the world. franchises galore. this is huge money for hollywood. charles: you're going to have so much fun. let us know if you see ben. we'll talk to you soon. >> keep following us on deadlinehollywood. we'll have the scoop this week. >> we will. remember, it's the women and the u.s. soccer team getting a historic well deserved ticker tape parade. and talking about this all the time, it keeps getting bigger and bigger and bigger and 22 million people maybe counting you may be one of the ones compromised.
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we'll be right back the. >> over 20 million americans have had their data stolen and opm is acting like it's somebody else's fault and no one is taking accountability. ♪ ♪ ♪ ♪ ♪ ♪ the ones with the guts to stand apart - join a league all their own. ♪
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leventhal the women's soccer are celebrating their world cup win. in ten minutes we'll go live to the parade and let you watch. the latest government hack turned out to be far more damaging than initially thought. joining us with that ben burman. >> originally back in april, the attack affected 4 million government employees and now we're being told it's more than 5 times that. 22 million people. the white house is standing by katherine archuleta, the opm director and she has no plans to step down. as we heard the congressman tell charles last hour there's a growing bipartisan chorus calling for a change. >> is this the case where the president needs to step in fire the director and go a further step and ensure that the personal information of americans whose data has been stolen is going to be protected? >> the opm says he submitted a
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security experience after 2000 and so some 15 years ago, it's likely your information, including are social security number. and records like health and employment information has been compromised. adam? >> blake burman and the next hour of "varney & company" starts right now.
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charles: individual stocks we are following, at td ameritrade saying this was one of the training platforms that has not been resolved that was a big deal here. also want to talk about the big stories the biggest in greece the greek parliament starts debating the bailout today in a couple hours. this will reshape europe in one way or another. it is huge and connects back, live report for you from athens. a massive hack attack at the office of personnel management,
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the new number, 22 million americans personal information has been compromised lawmakers calling for the agency head to resign, she says she's not going anywhere. pope francis sounding off against capitalism again, says we live in a, quote throwaway society that discards the week, for an elderly. his harshest attack on capitalism to who date. big story of the hour, the ticker tape parade, wall street world cup champions new york city we will continue to bring it to you live all our long "varney and company" starts right now. ♪ charles: breaking in the last hour you are looking at history, the confederate battle flag in south carolina at state capital governor in the key katie site for the bill's removal last
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night some folks in the crowd brought their own confederate flags to protest. it was a historic moment for the nation, certainly south carolina. take a look at these pictures come all eyes on lower manhattan. at this moment there is a ticker-tape parade going on for our champions, the u.s. world cup soccer team. patrick reiche is sports director in st. louis. i hope i didn't mess up your last name too badly. let's get to the topic at hand. women's sports, we keep hearing it is on the cusp. how big a deal is this world cup victory for all women sports? >> it is a step forward progress for women's soccer game has progressed in terms of if you look at where the sport is
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now compared to where it was 20 years ago. one of the things people are wondering is the quality and success of the women's professional soccer league that exists and hope that it has an impact. i am worried because in 99 when we had arguably a more historic win at the rose bowl against china, that did not parlay itself into a financially viable women's soccer league. charles: to your point since then so many young girls in america have taken up the sport the supply has grown massively, go to any suburb and there are a bunch of girls playing competitive soccer so the full talent has gotten bigger. >> the pool has gotten bigger and the issue is can corporate america and meteorites coming to the fray because a lot of people making a big deal about the factwomen's soccer team is only receiving $2 million for winning the world cup compared to german
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men who received $35 million last year in brazil but part of the reason is the huge gap in revenue the brazil world cup generated $4.8 billion in revenue, women's world cup is nowhere near that. we have to make up that gap before you see women making more. charles: we start to make it up think about this. the final game against japan was the highest rated soccer game in america. more americans watch that than any soccer match ever. that is a giant leap forward when you come back to negotiate. certainly so. going forward, whoever is on the side of u.s. soccer, making sure you do your best, using the momentum to go forward. charles: can we talk a little bit maybe sometime this is the elephant in the room, the sexist attitude toward this stuff, the guy who ran the world cup, fifa,
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talked about the women wearing tight shorts, serena williams defeated maria schiarapova yet again but maria schiarapova makes more money as the greater sex symbol. is there some element to this? do they have to sex it up for lack of a betteterrr >> the great question alice morgan was tired of the world cup, arguably the most visible athletes in part because of her sexist deal carley lloyd scores a historic hat trick in the first 20 minutes of the match on sunday. and i argue a spike in the endorsements and imagine what it was for alice morgan. for men and women's sports, sex appeal has an impact. there's a touch of sexism, and -- >> the problem i have with all
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this is it seems like it is like the olympics every four years everybody tunes in big audience claps everyone cheering for america, that is great except every four years in between it dies off. when will the last time you sat down and watched ice dancing competition. charles: the first time will happen soon. my brother is one of the sports fans, pure absolute 100% sports fanatic came to my house when the women scored their first couple bowls and said we are winning never imagined he would watch women's soccer. how do they capitalize on this to keep fanatics like him watching? >> that is the trick. as mentioned the second ago when you have a sport that is not like tennis where you have a weekly, monthly competition you are only in the limelight every couple years with olympics or world cup you have to strike while the iron is hot. when you are talking about the
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women's professional league, major league soccer on the men's side, at least in america when you see these teams it doesn't have the same flyer as watching and the national level. one other gender comparison is when you look at men's dockery does not as popular as it is elsewhere, you have high ratings for a match that didn't include america i wonder what women's ratings would have been its u.s. they had not been there probably significantly less. charles: can we would contend this amazing beautiful parade we are seeing in lower manhattan. thanks a lot really appreciate it. let's check the big board. the good news is all 30 dow stocks are higher, the bad news is we gave up some ground some of the chinese names the trade in america were higher at this morning and cool back we're worried about china still worried about greece, hoping they will be behind us soon but the elements to the market. apple stock trading higher this morning it was down a lot 10%
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but this morning is up nicely, 3% after four st. negative days. tom sullivan with us. what is going on? should we be worried about something? >> the problem with apple is everyone thinks everything they do is a winner. even back when steve jobs was alive, go back to the newton it was the head of its time. not everything they do works. the apple watch i am still a little questionable about. charles: can we say the apple watch is not google glass-steagall even if it doesn't live up to the hype a lot of reports coming out that it is something that will grow on us and be an amazing -- >> it probably will. the problem with wall street, i know you do this because it is your area you look back at 3, five your charts and the problem is over the last three to five years has been sensational so
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that is going to be missing a lot of the prices. charles: it is hard to imagine they can keep going up the way they do. the pope last night blasting modern capitalism saying, quote is the mentality in which everything has a price everything can be bought everything is negotiable. this way of thinking has room only for a select few while it discards all those who are unproductive. let's bring in liberal radio host and fox news contributor lesley marshall. lesley does he echoes some of your thoughts about capitalism? >> yes. this is a pope of the poor, speaking in an area that has a huge indigenous population. one of the things that i do think we forget about when we see some of the proposed legislation in the united states whether we are cutting food stamps or trying to cut funding regarding homeless shelters or anything like that is we are forgetting those biblical
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principles of taking care of widows and the port and the homeless and hungry. this pope is known as the pope of the poor, this is nothing new from this pope and i think quite frankly this is right up his alley. i am a former catholic and he could get me to the catholic again. charles: how did we become the most amazing country in the world? how to come from nowhere, this young upstart, surpassed countries that were ahead of us established 3000 years before us? isn't it because we put the onus on the individual to be the best that they could? if you give poor people too much how can they become the best they can be? >> one of the reasons the united states is great is first and foremost -- charles: how did we become great? >> we king -- charles: we didn't have food stamps. >> in the beginning we took care of the poor. we took care of family members and didn't walk some up in
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nursing homes or asylums if they were ill or elderly or had a mental vision. men--one of the reasons the country's break is we have the population, we have the diversity and the diversity is not just about culture but different types of trades so you had people from all walks of life. and americans have become, it has become part of our social culture very driven. we don't have light in the u.k. you cannot become -- the king or queen. charles: the backdrop for people being driven. and want to switch gears. one of the big things in america right now we are seeing is an acute spike of homicides and all these major cities isn't this what happens when you start to limit capitalism and limit ability for people to go out and turn? if they get desperate or become so complacent they do things like this? >> i don't feel we look at the people who are committing these
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crimes former ceos the don't have a daughter and are angry they didn't get their golden parachute. you are not going to like it but these cities are not all gun free zones. everybody tells me -- known owner and gun lover. charles: every week--40 people get shot. don't blame the guns. >> that is chicago. i am not blaming the guns. you have to look at it there is a correlation. more americans owning guns than ever before. charles: as gun ownership went up over the last couple decades crime has gone down. that is the direct correlation. why don't we talk about the effect trees of the same cities that have the highest amount of people getting food stamps, getting welfare, the biggest cities where we have the largest percentage of young men being told go to the disability office, get a crazy check this
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is -- a little extra instead of working for it they take a short cut. >> we also have people, cities are going to have the largest amounts of people who are going to be displaced because they have the largest population. that is more of 2 plus 2 = 4. there are people with mental issues mental health issues that are not being addressed we are not putting money into research and repairing in cities and states across this nation and we have to look at the fact that the opportunities are not being given to some of these people in cities and drugs we have to look at drugs. a lot of drugs are committed because of drugs because they are trying to get money to buy the drugs for themselves or get it out on the street and make a buck. charles: we will continue this conversation at a leather time. have a great weekend. i will have a lot more on the pope tonight. we are talking with geraldo rivera about the pope's unrelenting attacks on capitalism. that is tonight 6:00 p.m. on making money with charles payne.
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you wanted to say something. >> it reminds me when i was a young guy working for a big cpa firm and they sent me to this dentist and his dentist was a young dentist who took care of all the homeless and the hippies of the time and he was very generous. he was broke. he couldn't keep his doors open to help the people. charles: youtube videos the guy in a poor neighborhood black neighborhood open the garage and try to build the youth center and they beat him up. people want to try to help there is a certain level you go to when you pay people not to work and it backfires. speaking of being politically incorrect in tv airing a new show aimed at shaming white people. they don't play videos anymore and some people say they have made at 180. not just was trying out, the drought could be causing unemployment rates to go significantly higher. we have the number for you when
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charles: breaking news right now, as the u.s. navy is confirming that iran has been targeting our ships off the coast of yemen with laser beams which happened over two locations, a merchant vessel from iran predicted beams onto a u.s. navy destroyer and helicopter, the spokesman says the actions were unsafe. check this out. california has the most extensive gas in the united states $3 in 51 states california gas prices down from a year ago, crude oil is down 45%. these guys shoot these cells in the foot. >> i designer gas, they have their and blend and as a result their refineries are in limited number of refineries that make a gasoline blend, the designer gas for california so their prices can never come down.
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charles: green light more refineries, they would not do that in california, say let's have more refineries bring the price down. >> 930 years they haven't. as a result you have a limited supply, you get one problem, try to take turns doing maintenance but when you get a fire or something the pricing california will always be higher than anywhere else. charles: maybe estate taxes of a heist. i want to talk about this, there's a new mtv documentary that will air later this month and is called white people. is a show that will publicly shame white people for, quote, what they have done in america and it is not a joke is hosted by pulitzer prize-winning journalist jose antonio vargas. what is your thought? are you feeling a little guilty? >> i am. i want to apologize for everything. charles: you made -- you did via tesla. you are in the right direction.
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>> i am a green guy. not a white guy, i am a green died. none of us shows who we are. we were born to a set of parents they king together we had nothing to say about it. the problem is there is a lot of -- i don't know -- america is a bad country. america is the most generous country in the world, pope, you here that? also there are a lot of white people who do a lot of good things. try to create some sort of equality. charles: what bothers me a lot, obviously no nation is perfect, we have this thing where we wanted to move toward a more perfect union and i think we have lived up to that promise. we keep making strides. 100 years ago to we litigate those things that happened years
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ago, reassign -- >> the problem is everybody, they picked the short straw. we all have bad days, we all run into things where you get rejected. the problem is if you are a minority you say it is because i am a minority. it may be but it also may be you are not the right person for the job. before there are two states where hispanics, more hispanics and whites california and new mexico. speaking of california the drought out there far and wide and report showing state wide revenue loss from the drought will reach $3 billion this year probably more alarming is expected to cost the state rich: thousand jobs. once again california, maybe it is time to let them -- a lot of farm jobs this is a huge economic hit. >> a few joy economic hit.
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a net loss. it is also remember what happened here. this was because of decades of the environmental extremists winning saying don't build any water storage don't build any dams, don't build any way to move the water around so the water comes down on the sierra nevada, the snow melts and goes out to the pacific ocean and the only -- you can't -- as a result they are blaming the people for the mismanagement by government because of the fact that it was all or nothing for the jerry browns of the world or environmental movement nothing for balance about industry and jobs, doubled from 20 to 40 billion.charles: we want to have something that is great. the bid ticker-tape parade the women's world cup champion soccer team, thousands of people lining the streets of lower
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charles: dark days ahead for the so-called world wide leaders he in sports, wall street journal reporting the espn network, more and 3 million subscribers in the past year alone what has happened? they were unstoppable for a while. >> a mandated $100 million from the budget, so they locked people in and along have -- a lot of stars here but the idea is it is very expensive to have espn as the subscriber. you are paying more than $6 in your cable bill for espn and disney feeling the heat. they own espn and you see the quarter of their revenue from espn. charles: as been a juggernaut for them. why would that change? they are paying more for this
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content. they were able to pay that off. i was joking the couple hours ago >> the reason is becoming more expensive in terms of ratio is because people are cutting chords and getting sports and other ways going to sports bars, giving it off of cable. >> you and i could watch a lot of programming on demand but can't watch a live game because you will hear the score. charles: is not the same. a lot more money for it. having some trouble want to move on and ask about one analyst named raymond james talking about gold pro, the next move beyond these cameras, we know they have a lot of confidence that they are really -- putting a big bet on this.
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>> they reportedly hired a hulu alumnus and head their content division they plan reportedly to invest lot of money and gold pro is a stock where when they ipo there is a question about will they be device dependent and will that paid away, and they get back to the game and now you can see gold pro has reprinted itself, and not just their own, but facebook can you to. stuart: charles: will people pay for it we subscribe and paid money for. >> they are willing to pay fees for different internet options. charles: drones will be bigger. thanks a lot. have a great week, see you again. cyberattack on government agency, the office of personnel management started, the numbers were small 22 million people, talking about 22 million 70% of the information is stolen, the
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woman who runs this agency says she is not going to resign. a computer glitch on wall street, fox business's highest rated day in the history, thanks for watching, loyal viewers. we are celebrating and rapid all-out after this.
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>> we are talking about over 3,000 stocks on the stock exchange. they're still halted at this time. >> to lead the floor at the time. >> it can be. >> there's something more to this, behind-the-scenes we don't know what is going on. this market is moved sideways since this happen. those were some of the highlights from the coverage on wednesday. it was 48 hours ago, we support our highest-rated day in history. thank you very much. until the market kept trading lot of people were going.
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you have archipelago and all the other stocks traded just fine. and a great day for fox. ashley webster joins us from athens. >> i can tell you we're getting word that the alexis tsipras quell the rebellion is party. and and to decide whether is good enough for them to get a financial lifeline they
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desperately need. a lot of people won't be happy with the outcome of this because austerity measures to cut deep. charles: like any greek drama may be the ghost in the machine lives again. appreciate it. things are heating up in iran, tens of thousands chanting down with america, death to israel and the annual pro palestine rally looking at some images this is iran and six world power is getting closer and closer to a historic nuclear agreement. the former shell oil president tell us how an iranian nuclear deal will look? >> i think what it would mean for oil is if the sanctions are removed that puts iran back into the mainstream of trading and exporting oil. however it would not be a sudden, all of a sudden we have lots of iranian oil because they have been shedding a lot of wells because they haven't been able to export as much and what
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they are exporting today by exception up what they were previously exporting, you don't turn balls back on overnight. people talk about the amount of oil sitting in storage and estimate 30 million barrels. that sounds like a lot but when you put it in the perspective of the day's consumption of oil is less than 12 hours of consumption. is not huge dumping of oil into the marketplace but the reality is the price of oil won't be impacted much by iran. charles: we have seen spikes in the price of oil the attributed to geopolitical risk. i can't think of more things that are more risky than giving iran a new. >> that is a big issue of course but we have become a bit immune to the reality of what we will and won't have a deal. i think most people in the world
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are not paying a lot of attention to the iranian deal just a few who follow it closely. i was in israel of few weeks ago. in israel they are paying a lot of attention to the potential of this deal as are some thoughtful people who understand that the reality of iranian possession of nuclear weapons is not good for the world given their reputation and given their lack of integrity. lack of integrity. charles: you are spot on thanks a lot, appreciate it. imagine an arms race saudi arabia gets a nuke, you don't think oil goes up on that? we have that new survey for mastercard, people worried about attacks and home break ins, people are more worried about having their financial information hacked. 59% worried about someone physically breaking in. there are major reasons people
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are worried. more than 22 million social security numbers were stolen by cyberhackers probably from china who hacked into the office of personnel management. joining us now, a republican from florida. there is a lot of chatter about getting rid of the head of the office of personnel management but i think americans want a lot more than that. they want to feel comfortable that something is done that is already stolen and how to protect this in the future. >> absolutely wright. i don't think most americans appreciate the magnitude of this. cyberequivalent of pearl harbor 9/11, might even be on a scale greater than that 20 million individuals filed no security clearances the some of those submitted, those have the names of family, friends associates and that is a treasure trove for
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counterintelligence so the damage that has been done has been incalculable. i think he needs to go because you can't have a bureaucracy in which nobody is held accountable. that doesn't solve the problem going forward. the government needs to mitigate the damage that has been done. a lot of that is done on the classified side so we won't necessarily have hearings from but that is important. is clear they can't do 2 plus 2 together with getting the system's operating but i can't ask somebody to provide all this information and potentially risk their life with the u.s. government. the government won't be able to keep this secret. >> tom sullivan here. a few months back my bank called me and said somebody use your card fraudulently so we are sending a new one overnight. there was no skin off my nose the bank took the hit. it will cost them. people aren't upset about this because the bank just fixes everything for them. >> that is how it is now.
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we have passed legislation in congress i hope gets through the senate that will allow the government to share some of the cyberthreats with the private sector because you could see something very very catastrophic in which the bank would simply be able to write it off and that is the great fear. i hope it doesn't get to that the week and do things that prevent or mitigate the damage going forward but you are right. this whole thing about just getting a new credit card, talking about state secrets, sensitive files, this is a whole other level and people deal with. charles: we hope the administration and start with scratch keep america safe. we applaud the efforts thanks a lot. looks like another live look at lower manhattan called a canyon of champions and rightfully so. the women's world champion, u.s. world soccer team being honored with a ticker-tape parade.
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we will take you there live next.
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nicole: i am nicole petallides the dow jones industrial average up 201 points.
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17,750 a gain of 1.1%. up by 24 points and the nasdaq composite up 60 points, indices higher by 1%. only the dow is positive for the week looking at take leaders, microsoft, apple, google, a up arrows telecom the best sectors of the day. up arrows, american airlines into town a little bit. this is the justice department. to see whether we do that, all of them on growth trends and a buy rating, it is up right now 1.5%. the down arrow. [ female announcer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments
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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 >> i played in germany for five years. it means loved in german. it explains the experience i have i love the culture the people the place, the food, i can tell. maria: angela merkel needs that. charles: we are saying that to the u.s. soccer team. that was one of the members talking to maria bartiroma earlier this morning. we are looking live at the
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ticker tape parade honoring but women in lower manhattan, the canyon of champions, rick leventhal is there on the scene. >> good after noon, beautiful day in manhattan and it has only taken 45 minutes to go from battery park to city hall, not bad for new york city traffic, moving very slowly, the women's soccer team, world champions making their way up the canyon of he rose to the cheers of thousands, tens of thousands, hard to tell from our vantage point but not well intended parade to honor these women winning their third title, first since they were beaten by japan and the victory last time was quite amazing if you were watching. lot of people at city hall very excited about the women joy soccer championship, they will speak behind me on the podium.
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about an hour from now, they will make their way to the stage and there will be some time and circumstance and we will hear from some of the ladies, 3500 to won these tickets and a raffle online thousands more lining the streets as floats make their way up featuring of course the captain chris the lampone going to the final game and after that didn't even madder at that point. charles: all gravy after that. have a fun time. we don't see a lot of ticker tape but this is modern day, we don't see it like we used to an amazing thing going on. not so amazing a lot of people are out of work. when it comes to hiring it is an employer's market. how do you make up for this? why would a start up looking for jobs, higher at 12-year-old
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as their new vice president? we will ask the man behind this decision. the youth market welcome to the show. did they come to you for the job or did you go to them? >> i went to them. before i want the game, how did he get it? >> he writes me a long e-mail. at all these ideas started talking to him and these ideas for great until he told me this was perfect because people his age known our demographic. why don't we higher this kid to help in the u.s. market? >> you got stuck with the parents state law and that kind of stuff getting in the way. >> we are not officially paying him, he is compensated in other ways as far as equity is concerned. very aware of the laws. charles: that means ultimately the equity, you will make a lot more money in the long run
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anyway. is this that the right time? what did you bring up here? this kid is the real deal? does it have something to do with this? all the cool kids? >> this is something i'm dealing with. a whole side product, we happen to come in here, the new product, it is a special day, he understands what kids want. he has great ideas talking about monetizing, taking video games and putting them on top, imagine you could take modern warfare weapons and blow up photos with those, now you in the gaming category. the ideas are brilliant. charles: this is one of the things you do a lot of large corporations and you'd have done a lot of joint ventures already. >> we partner with facebook, a
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thousand new users animations have been created, it is pretty crazy actually. charles: how come should this you know what your friends like what you like and are able to articulate and explain to older people? >> i am the kid. i know what it is like. >> you know what all the kids like. >> yes, same ideas. charles: you have great ideas on your own. congratulations. getting a wrap signal. i am afraid to ride these things. >> on the rack. >> great stuff. sick of popping up sales taxes when you buy something? we will tell you the best and worst places to live if you want to avoid that sticker shock. we will be right back.
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charles: there is a loser out there, and she i happen to like a lot taking a big market with a, last night the chief financial officer said he was leaving the company, that is never good. del looking for someone to fill the spot. skeptical. another look live at the fifth a party. not as much ticker-tape in the computer era.
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but a lot of excitement down there and deservedly so, the team arriving at city hall, going to the great celebration. >> a had some ticker tape. the lower part of lower manhattan has those prewar buildings where they can open the windows. charles: i have thrown a lot of ticker tape in my day. now let's move to something we don't celebrate as much the biannual report of state and local sales taxes and gerri willis is here with the details. the worst state? >> i was blown away by these numbers not just state sales taxes, local sales taxes county if you live in birmingham, alabama you are paying 10% on everything you bought. it is ridiculous. let me get to the lists here. highest taxes start with
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tennessee. a big surprise you would expect that. arkansas 9.27% louisiana 9.01%, alabamted averages. the localities have different numbers so think about it. charles: it is all the layers of taxes. >> at all levels. if you are in chicago 9.25% this creates anomalies because what people do is they go across the border complete >> reporter: how things are going. if you want the low state sales tax? >> new hampshire. >> alaska has the lowest in the country. california state sales tax alone, 7.5%. 7.5%. charles: the flow of that. >> they have misstating contacts.
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charles: california lost a million people, working hard people texas a big beneficiary. tonight, don't forget watch my show making money with charles payne. we will talk about the post's latest and harshest attack and capitalism and geraldo rivera will join me again. don't miss it tonight 6:00 p.m. eastern on the fox business network. we have more varney after is this. things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this.
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you are talking about 20 plus million individual files. no security clearance is that some of the individual submitted. is that the names of family, friends associates and not it's a treasure trove for counterintelligence. traded to dallas congressman ron desantis talking about the massive government that led
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22 million people losing social security numbers and a whole lot of things including more faith in the administration. neil cavuto, take it away. >> and a few more details on what they are trying to announced in greece right now and that could explain we are up on the doubt. i'll be going to connell mcshane in just a second. some of the details are concessions much bigger than early the case in greece. the very thing a week ago is something by comparison today. we are told that greeks are willing to consider a higher vat tax that may be substantially higher for richer folks but cannot hire hotel and related leisure industry that would directly affect vacationers. oddly enough that would include german vacationers

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