tv Varney Company FOX Business July 29, 2015 9:00am-12:01pm EDT
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driver and she was wearing sandals, which is a no no. maria: why would she have work done? >> maybe she's hiding because her husband was cheating. maria: see you tomorrow everybody. have stuart have a great show. stuart: what did i just hear? . it's one those days the news is breaking out all over. paying big for a hair do. the lion killer i'll say again no summer doldrums here. good morning, everyone, who wants to tax the rich hillary clinton with a $600 hair cut. she should learn from bill. twitter should have learned how to run a promising company, they didn't. user growth way down and the stock way, way down. we have to mention tom brady.
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if you hate the patriots you'll love his four-game suspension. the lawyers got him, he tampered, he destroyed evidence, he's toast. so is the american who shot a prized lion in africa. death threats, a deluge of outrage and his business is now closed. there's a lot more it's coming your way, "varney & company" is about to begin. ♪ >> first this multiple force, the leader of the afghan taliban is dead. he shot at usama bin laden and we did not get him, he won't droned. a pakistani newspaper, the express tribune quotes a taliban source who says he died two years ago from tuberculosis
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and the u.s. government has not confirmed. and this is down 4 and the monthly average growth at the slowest pace since it went public in 2013. and joining us bret here is my opinion. is the endless stream of outrage and negativity you've got to do that since twitter uses it. >> 140 characters at a time. it's proved itself to be in a challenging spot. it has all of these users sharing thoughts in 140 characters or less. that's it. in terms of driving people to someone else. instead of a tweet, read this article on our website, it's not doing a good job of that.
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it does well during live television and awards show and people tend to gather around the tube and tweet about what they're watching and that can often be entertaining. beyond that they have a challenge ahead of them. ashley: isn't that the story here? they have a new guy, he's got a -- it's an uphill battle he's got. s' pushing a rock up a hill at this point. stuart: okay you analyze the tech market you anl liz tech companies. what do you think everare the chances to twitter will turn things around. our viewers want to know should i buy it at 32 and it might get more users. >> when facebook was 19 and now it's 90 and people had said it's not going to work. >> i give them 60-40 if they're going to make it. everybody loved them and talked about it and tweet things all the time and now they're
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starting to slip into the my space friendster zone. isn't there something else? >> there's a buying opportunity for facebook or google i'm not sure if that's still the case, but there's article in the new york times, everyone knows the name twitter, too many people are not sure why. >> they've done vine and the periscope thing. but vine i see it has a place in the world, periscope, i think needs a some sort of breaking news event where we can see wow, look at this amazing thing. during the arab spring twitter was doing a good job getting it out there. ashley: and now it's not. [laughter] . >> you have other ways to get information out. stuart: maybe it goes up in the world or maybe it goes away.
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i don't see that hapt. >> i don't see them going totally totally see my space and friendster, but-- now look this may not sound important, but in politics optics, this is appearances really count. the headline hillary clinton gets a $600 hair cut. ashley. ashley: the candidate of the people in the middle class. yeah, last friday she had her hair cut at a swanky salon, a swanky store here on fifth avenue in new york city. we don't know how much she paid, but that's the going rate at the salon, $600 shut down an elevator bank and basically shut down half of the store so she could go up and have a hair cut. it harks back as you mention the top of the show her
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husband bill shutdown two runways for a $200 haircut. >> got a lot of flak 200 in 1983. >> it looks bad now when hillary gets a $600 haircut. she's a woman of the people and millions of dollars in the speaking business she wants to topple the top 1% and tax the rich. there she is. >> having that same life style. ashley: not quite right like about to give up your cheat on global warming. >> the gain says they'll use cuts for that. their use of carbon or carbon emissions and they'll upset them some way. and they wonder how that came about. >> move on. and check our futures. and this afternoon that apparently excites some of the analysts, not particularly myself. dow will open maybe 24 higher.
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another big name tech stock that's going to fall out of bed. 25 the open roughly. it has a problem with negative reviews and it could be down 20% at the open. move onto oil. trending lower recently and it's down about 30 cents today at the $47 level. it's been below 50 bucks for over a week and gas, that's my story. down another penny overnight. yeah, come on boys we're moving nicely. 2.68. the most expensive is in california where you'll pay 3.81. >> thanks to the greenies. stuart: from chicago, patrick doohan, gasbuddy.com. i think the drop has started. are you going to tell me i'm wrong? >> i will not,. stuart: you were on ten days ago when the modest gas price
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slide started and you thought 2.50 by labor day, are you sticking with that? >> i'll stick with that you bet. 18 cents a gallon over the next month. i think we can make that easily. stuart: okay, it's a problem, it's not falling fast it's a problem because of refineries that's the problem here? >> well i think it will start to pick up speed as california starts to see its price decline continue. oil prices have really been helping us out down about $10 a barrel. that certainly will help put even more downward pressure. i think we'll see the locomotive peck up steam on the way down. stuart: look i want a plunge. i don't want a nice orderly drop by 2.50 by labor day. i want a plunge. >> you've got to be patient. the plunge is coming. stuart: is it? is it? >> you have to wait stuart until halloween and the second half of september the
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locomotive will be on a freefall. >> so i'm right. there will be a plunge, but i'm wrong in the timing and i've got to wait until halloween. is that what you're telling me? >> i would say by halloween it will be much lower, but after mid september we'll start to see the slide increase and it won't be a penny a day, it will be maybe a penny and a half a day. let me tell you about journalists and television when you've got news and headlines you put it upfront and don't bury it. it's fantastic. [laughter] i've got to write your headlines for you. all right, you'll come back if you're not careful. thank you appreciate it. >> thanks stuart. stuart: to tom brady, i've got to get to the deflate-gate saga continues. brady responding to his suspension. it's upheld. i'm disappointed in the suspension against me i've done nothing wrong, never written,
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texted anytime relate today football air pressure. before the afc championship. i'm almost breathless. and look our favorite guess on the program. a practicing football player is a linebacker for the philadelphia eagles. >> i am in fact. >> the verdict has been rendered, brady is a cheat and suspended. do you agree with that. >> totally. i think it's easy for brady to say now he was never involved in any text e-mails, cell phone interaction now that he's destroyed his cell phone. from what we heard he completely destroyed the cell phone prior to the investigation so it's definitely easy for him to say that now. stuart: are you a lawyer or something? >> i'm not. i'm one to uphold the integrity of the game and that's something we're questioning whether or not he did. stuart: integrity of the game? >> 100%. stuart: he may or may not have
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taken air out of a football. >> it's coming down to the fact that he did cheat. whether you use performance enhancing drugs, or things to enhance your performance, the fact of the matter is he cheated and for cheating he should be punished. your opinion on how much he should be punished how much deflating the football really helps that's up in the air, but what's not up in the air. ashley: i think that the rap is worse than the original offense. if he'd come clean at the beginning, i think that people would be far more-- >> what is this? watergate or something, in couple of pounds of air pressure in a football, for heaven's sake. [laughter] >> you hate the patriots that's what this is about? >> no the patriots are a winning organization, but proven time and time again, to their credit or not, they'll do what it makes to win. whether we think it's that
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background of a deal 20 degrees below having the ball is much easier to handle. >> and that's the case. >> what do you prefer the air dn-- >> when you're talking about playing there, it hurts to grab, imagine tom brady throwing it to you at 50 miles per hour that would hurt. stuart: and bill belichick makes a statement at 150k-- 10:00. what do you think he's going to say? >> he does a great job of avoiding the question. i think he'll say a lot of nothing. he'll be disappointed in the ruling and he'll try to defend his quarterback, which he should. stuart: will they go to federal court? >> i think they'll have to take it there. tom brady said the nfl players
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association will represent him a step further. stuart: when you finish your football career i understand that you want to become a sports broadcaster is that correct? >> not necessarily a sports broadcaster i don't want to pigeon hole myself into that, but i told you that acho and company is in my future. stuart: i tell you, you could be a lawyer. acho, acho acho. >> time will tell. stuart: and you never ever end a news story with "time will tell". >> good to join you. [laughter] >> irs workers use an untraceable instant message program to hide their communications. up next a conservative who was targeted that will be unone of the victims. >> i'm an american woman, wife and american citizen and i'm telling my government that you've forgotten your place.
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>> irs commissioner gets another grilling today on the targeting scandal. senator ted cruz heads the hearing on the irs targeting. and becky garrettson is back with us you're a victim as we just saw. i don't think you're getting any satisfaction out of this at this point, are you? >> well there have been two really interesting developments this week. on monday, representative chaffeets sent a letter to president obama asking him to remove remove toss nen from the irs and he did not preserve evidence and he's at best derelict of duty 24,000 e-mails were destroyed under his watch. had this been any other ceo there would be no tolerance for
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this behavior. stuart: that's a point to make. do you think at some time you're a political pawn in some ways you're going to be used as-- by the republicans for their own political advantage? do you sometimes think that? >> you know i don't even think about that. i want to let you know about one other piece of evidence and maybe that goes to your question. judicial watch yesterday received a new batch of e-mails, 906 e-mails from their foia request again proving that washington was monitoring and orchestrating intimidation coming to the tea party group and they also found e-mails where the irs said they have some tea party groups that were going to contact congress because they were so upset nothing was done with their applications so the irs sent an e-mail to each other, let's send them another letter so that will appease them so they won't contact congress.
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so we just have more proof all the time. stuart: so you've got more proof all the time in your belief that washington orchestrated this targeting campaign. it wasn't just a couple of rogues out of the regional office, it came right to washington d.c. the real question who at washington d.c. and what level? >> i will tell you president obama was involved and here is how. when he publicly throughout the fall of 2010 he publicly stated that these dark shadowy groups that were providing commercials and these kinds of things, he said they were a threat to democracy, they needed to be looked at. he said this multiple times, the democrats in congress were writing letters to the irs saying you need to check this out. the irs enthusiastic about obama went right to work at contacting tea party groups and intimidating them sending them scathing letters so we know it came from him, but d.c.
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washington branch was definitely heavily involved. stuart: beck yy gerritson, come back soon. >> there will be a hearing. stuart: thank you. a dentist hunts down and kills a lion in africa social media explodes, death threats, the dentist closes his practice and goes into hiding. here is the question where is the outrage over planned parenthood?
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>> if you want to do something, you want to make this into a positive you can-- sorry i -- okay. stuart: all right, jimmy kimmel getting emotional. a minnesota dentist kills zimbabwe's most famous lion. there was outrage. where was the outrage over planned parenthood and baby parts. the lion killer. >> he paid close to $50,000 to shoot a lion with a bow and arrow a crossbow. he said he believed it was
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legal, the people taking the money. the guide saying here is the lion. it was protected. they lured the lion out into an arrow and shot it with a cross bow. it took two days before he tracked the lion and left it there to rot in the sun because he wanted to. what happened? complete outrage, he's a minnesota dentist, office is closed, he's in hiding and his career probably in ruined. sandra: if he was simply a hunter who paid to go on a trophy hunt like it or not he was acting within the rules of trophy hunting and if the guide side you could take out that lion. ashley: he believed what he did was legal, that's the offense. stuart: and the morality of shooting a lion in africa for money. i'm sorry i'm out of time, but there's the question.
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enhancing drugs, whether you use any sort of things to enhance your performance, the fact of the matter is he cheated and for cheating he should be punished. stuart: that was emanuel acho he plays for the philadelphia eagles. we had him on the show literally ten minutes ago. we start at 9 sharp eastern time, you've got to be there early to get the good stuff. and on wall street a small gain right out of the gate. .3 1 point, not bad. okay. we're slightly slightly higher, 17 ticks where we are now. the big point is twitter. how far down is it going? slow growth and the turn around plan will take some time. it's down $4 now. with us today, for the opening of the market ashley webster, sandra smith, and john in chicago. twitter at what, $32 a share. are you buying it? >> absolutely not. i don't think they've found a way to monetize what they're
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doing. they have changed the way you look at live television nielsen looks at twitter system as well as the eyeballs that it has and how many are looking for at every event. that doesn't add ref few. and periscope, the only way you can use it for breaking news or sometime of event that happens. it's not like vine. they have a problem with video and a problem with monetization. stuart: john does not like twitter at 32. twitter has a fraction of facebook's monthly users. can they catch up? >> they need leadership and they need to explain how to use it, most of us know how to use it because it part of our job. it's the ooefeveryday person how to use it. stuart: my question is if you think that twitter is one of the must-own stocks in everybody's portfolio for the next five ten years because
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this is a growth company. why not buy at 32 why not buy it and get in. >> you're saying not so fast. >> it's another enticing factor. stuart: john, the prospect of it being doubt? i mean it's out there. >> somebody like facebook or google, and i think an acquisition yes sandra is right an acquisition here might be to have the stock go up significantry. stuart: i've got another stock way down today and that's a business review website, basically they lost money and even worse gave a disappointing outlook, so it's down 26%. what happened? >> and lost 1.3 million in the second quarter. an earlier in the same quarter,
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and traffic is a concern here. >> the data is not dependable. ashley: what? >> the data is not dependable. yelp is dependent on who provides the information and often times i've experienced, like store hours are incorrect. on a sunday recently i rushed out to a store because i read the hours on yelp. it's not correct. i think they have a major problem with being accurate. maria: john do you like yelp at 24? >> i don't get it there are too many trolls out there writing bad stuff. it's not a very good system. stuart: twitter has a troll problem and yelp has got a troll problem, an interesting development there. check the big words and we're three minutes in and look at
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chevron, it's cutting 1,500 jobs because of low oil prices 92 on chevron this morning. look at oil, please now, this has come down to $47 a barrel holding in that range for a couple of days. the price of gasoline is down a penny overnight, the decline is speeding up a little i hope. gas buddy, that will be patrick dehaan says yes, there will be a gas price plunge. you'll have to wait until the end end of september to get it. are we going to get a gas price plunge? i hope using that word plunge. >> you know i think we are. i noticed a deceleration here in the illinois and indiana area. it dropped quite a bit. we have a ways to go when oil was at the lows in january and march. we're almost at the levels now. i think realistically, gas should to the same thing.
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the only thing that will change it if we see a huge decrease in demand worldwide. that indicates a stronger economy. i don't think we're seeing that yet. that's what we're going to mean and in the meantime we see that price plunge. >> do you think that oil goes to 40 or maybe a tad below, dan? >> you know i think it's got the impetus, it's a momentum trade 40 is tough. i think the 42 43 level is realistic. >> i want you to take a look at mastercard. higher costs have taken a bite out of profits. >> microsoft is launching the windows 10 operating system today. i'm a shareholder of microsoft. >> a little bit, more than a little bit. started off 2/10 of a% and now it was windows 10 was available at midnight. if you want to update it's
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free. why would they give something for free? they have goals. of course microsoft 8 was a flop. people didn't know how to use it. in this case they're trying to take on apple, google move on to mobile. and they're so behind this is their foray to try to get them on. it's 1. billion. stuart: i'm going to be watching you bright and early along with sandra and lauren 5:00 in the morning. you want a good start on the day and know everything that happened while you in sleeping tune in. sandra, it's a great show. sandra: from business to sports to late night tv. stuart: you did a good job. home, the home ownership rate is at the lowest level since
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1976. what is the low rate. ashley: 60-- >> just over 63%. by the way, there are some crazy forecasts out there like the urban institute who says we're going to go to a mostly renting society. where we'll have a majority of americans renting their homes in the next 20 years. stuart: i hate this. i think it's part of the american dream. you buy a house, you get married buy a house and the wages aren't keeping up in house crayses and -- spaces and most can't afford-- >> it's a zero rate environment and you're seeing the mortgage rate. >> 63% of america, it's know the easy unless they have money for a down payment. stuart: you don't get a tax break on paying rent.
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>> i think people would like to get in the housing market they can't. sandra: what they have is their home, if they don't have that what do they have? >> come into this in chicago, please? i think it's a tragedy, if fewer and fewer americans own the home where they live i don't think that's progress i think it's a bad news i think it's a reverse, what say you? >> i tend to agree with you, there are two points touched upon. this one wasn't the psych kohl gi of the market is scary nowment you had a housing market that had a precipitous decline and they're hesitant to get into it. as sandra mentioned it's difficult to get a mortgage. i've refinanced prior to the bust and post-bust. it's difficult to get that lone and own that house, do you
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agree with that from your mansion in bermuda. >> i agree that public credit taking on the mark 2 trillion has been taken out of the market since the crisis, but remember now, 63 65% is about the average of home ownership, about all america can take. we palsly incrated that up to 70%. >> we're giving back. and if it gets worse from here we're getting around a historic average. it's something that's pretty good for our society. stuart: all right, i've got another trend. we don't usually like to show you charts, but we're going to show you this one. a huge difference between the jobs created under ronald reagan and oh not so good in the obama recovery. ashley, that's quite a gap. ashley: when reagan left office, more than 20 million people were employed when he took office. and obama, the net job growth
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over president reagan 16.1 million. under obama it's net gain of just 5 million. more people are on food stamps than have seen employment. stuart: repeat the numbers, under ronald reagan in eight years in office added a net. >> net 15.1. stuart: 15.1. under obama? >> 5 million. stuart: 5 million. ashley: and the recession ended earlier in obama's presidency than it did under reagan. stuart: you've got a much smaller population. >> and the participation number is the low estest. stuart: okay here is your chance to slam obamanomics. >> president reagan inherited a country that was in a mess. we had a president that had resigned, and a president that
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had been assassinated and i think there's no comparison to what reagan did with the economy and less spending. reagan gets hit with that a lot. 22% of gdp. obama is around 24 25 as a high and less spending under reagan. stuart: coming out at 10:00. an exclusive interview with roubini. he predicted the crash of '07, '08 '09. what does he think about this now. look at mcdonald's, now it's $97 a share, it's rolling out self-serve kiosks. sandra, mcdonald's has responded to the $15 minimum wage. >> it's inevitable and there's been a burger king franchisee owner says this is the way he's going to go in the county and
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impose the minimum wage hike. this is the way we'll go. you'll have the machines. and you can't expect them to keep their profit margins when you pay your children more. >> people spend more at kiosk, they don't feel under pressure and stand the menu more and order more. stuart: yes? it's now the dow industrials are up 42 points. here is the stock of the day. that's a new 52-week low. it's down 11%. all right up next dea funding planned parenthood. one of the senators who is leading that fight. dentures with polident. for the best first impression. love loud. live loud. polident. number 1 dentist recommended. ♪ ♪ fresher dentures with polident.
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low. and under amour, whoa look at that, another new high. under amour is close to $100 a share. 98 and change right now, new high. indiana republican dan coates is chart of the senators which introduced legislation to defund planned parenthood. the senator is about to join us. while we wait judge andrew napitano is itching to get on the air as he always is. >> fill in until the senator arrives. happy to play that role. >> he's a senator of the united states. are we going to defund planned parenthood. >> and do you want the-- i call the political opinion is i don't know. it's keerl that this will pass both houses of congress. it's also clear that this is something the president deeply believes in. planned parenthood. and it's a commitment to spend
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millions for abortions. if it's a free-standing defunding bill he'll veto it. if it's part of something he has to have. the congress plays the trick on the president and put a poison bill inside legislation that he wants, enthis it's a judgment call on his part. stuart: if it goes through and it's on the president's desk to ban the selling of body parts from aborted fetuses. >> this president has taken an oath to uphold the law. and he is only upholds what he agrees with. and it's a felony to sell body parts and he doesn't have the justice department following that. >> it means that abortion could be a sloshing
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-- they're open and candid nonchalant conspiracy to commit a felony. you usually don't get that kind of evidence in a crime. they have it there if they prosecutor. >> judge, senator coates is now ready. come on in please. i don't think you heard the debate. it wasn't a debate a series of statements from judge napitano we're used to that on this program. but is it safe in saying if the bill to defund planned parenthood and comes to the president's desk, then it could be an issue in the 2016 election. >> i sure agree with that. and i was hearing the judge and hopefully get his legal opinion and i feel better prepared than two minutes ago, but clearly this will be an issue. i think all of us were shocked
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when we saw the first window of the beheadings of isis and we thought this is barbaric and takes us back to the middle ages. right now we care about and see what's happening here to children who could be seen on the sonograms months away from being a living life on their own living and growing to become a human being, dismembered and their parts being sold. i think it's the second wave of this barbaric procedure here that the public simply will not stand for. so what we're plague to do is look at funding at planned parenthood, over to women's health organizations that won't engage in these kind of things. and they could not have this
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subjected to the slaughter. stuart: that caveat was important because your bill will be attacked as an attack on women, but if you transfer over to other women's health care services you take the sting out. i believe that was the intention between that little caveat there? >> it's more than a little calfiat. a key part of this legislation is we're not taking a penny away from women who need counsel and help, but taking away from an organization that's abused its process in terms of reaching out to women and done these things. >> it just keeps coming and the more i understand about-- they're trying to shoot the messenger and blame the videographer, but this goes way beyond that. stuart: thank you for joining us. >> thank you.
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york city wants a bailout for puerto rico and wants to do it with your money. >> let's be clear, it's the federal government's government obligation to act because they can't stand idly by and see puerto rico fail especially since its circumstance has so much to do with the federal government. stuart: as the mayor was saying it's the federal government's obligation. >> caused me to muffle my laughter and didn't do a good job and i said mr. mayor, where does that obligation come from? show me in the constitution where it is. stuart: expediency you don't want to have puerto rico go bankrupt and-- >> here is the law, can a state declare bankruptcy under
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current law. no. may the city declare bankruptcy under a current law. yes we've seen stockton and detroit and others. and commonwealth not a fish fowl, state declare bankruptcy no. there's an effort in congress that would enable puerto rico to do so. go to bankruptcy and the judge says you get in and you get that and pay this and pay that. >> it depends what kind of a balancing it. the creditors are going to take longer to get their cash and it might be a prudent thing to do. it might be dissolving the obligation to repay, which is what bankruptcy does. that would be a first for a political subdivision of that size and that magnitude, and that it's bigger than many u.s. states. >> i'm looking for my notes here by the way, the mayor of
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new york city went on to call the hedge funds managers he blamed them because they bought puerto rico's debt and now they want repayment. wicked, wicked. >> to be serious for a moment there's a clause in the constitution, which prohibits states and below states from interfering with a contract. he would like the mayor of new york city to relieve the borrowing the obligation to pay back the money. stuart: you know i've let you drone on this time. >> i shoot drones down by the way. stuart: and the media on tom brady's suspension which was uphold. and roubini on the economic
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>> oh there's plenty of news breaking today. any moment now we're going to hear from patriots coach bill belichick about the tom brady suspension. he'll react moments from now and you'll see it. look at twitter, the stock down big not getting enough people to use it new users, it's down 13%. hillary clinton she says she's going to topple the 1% and give riches to the poor. don't mind though she's got a $600 haircut in a salon arriving in a private jet. you're laughing, but-- and planned parenthood more disturbing than ever body parts for sale discussed openly among workers, congresswoman diane black is pushing to demand demand--
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defund planned parenthood. and this shows a stark difference between the reagan and the obama economy. jobs not coming back like they used to in the reagan days. we're talking to a man who i think should win the nobel prize, but didn't nouriel roubini is with us. the second hour of "varney & company" is about to begin. ♪ all right. so we're going to take you to the scene right there where new england patriots coach bill belichick is going to be responding to the nfl's decision to uphold the four game suspension of tol tom brady. and mullah omar is dead it's unclear how he died and some say that he died two years ago from tew burke lowsisw --
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tuberculosis in pakistan and others from his own comrades. and the taliban is deeply divided over the peace talks with the afghan government. we'll kemp -- keep you updated. we hate the charts, but this one shows the jobs created by president reagan and president obama. there's a divergence. far more jobs under reagan far fewer under president obama. and now we have a world renowned economist, he did not win the nobel prize, should have, but he didn't. he's world renowned nouriel roubini. how do you explain this? i don't know whether you're on the left or right, but i'm saying that reagan's recovery was a whole lot better than the obama recovery because ronald reagan cut taxes and asked about the private economy and obama didn't. and you say what? >> there were a number of
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differences and when it came to power and the stock market was down 70%, with unemployment rate like we've never had before and just started from the initial starting point, it was different. and secondly the population growth is different than it used to be migration and aging of baby boomers, and right now, there were those jobs per month and unemployment rate f
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can't you make a judgment between what ronald reagan did and job creation and what barack obama has done. can you make a judgment one is better than the other. and one had a policy and one did not? >> as i said these are different. i don't want to be partisan. it's easy to say let's compare ronald reagan and george w and-- >> wait a minute. >> with the bushes and they're going to be partisan. let's think about what economy was. and never said the word economic crisis and-- >> ronald reagan inherited a recession and-- >> the first major banking collapse, this group--
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>> we didn't have the worst economic recession and something that looked like great depression when obama came to power and what reagan had was recession. and we're achieving full employment and creating 250,000 jobs every month and we have an employment at 5% similar to the one reagan achieved so you cannot compare, two situations are very different. that's what i'm saying. stuart: you've teamed up original a way for investors in american so you can investor in countries easily you've got a new way of doing it. why should i want to invest in other countries at the moment? why not invest in america? >> first of all, you know the first principle of investment is diverseifying your portfolio. you cannot put your eggs into one basket companies in new
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york city or new york state, you invest in companies from all over the united states california and so on and the investment opportunities in the world, japan and europe have done much better than the united states. and now, the investment one is possibly by the benchmark, s&p or the index, you get the good the bad and the ugly the average. then there's active investment that's choosing a portfolio manager 95% of actively managed fun do worse than the benchmark and expensive. and this passes and uses the rules and 200 separate factors around the world. of course the u.s. is doing really well. many markets around the world and emerging markets and should be in your portfolio. >> and you have low cost and actively managed funds and benchmarks. >> you're going to win a nobel prize for that? >> i don't know about that, but certainly it's a smarter way of
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investing. >> nouriel roubini, i promoted you to nobel prize winner. you don't have to pay taxes on that, did you know that? >> thank you for that. stuart: wednesday, lunchtime, i guess it's lunchtime at the moment somewhere, 1760 where we are look at twitter, the stock of the day, hitting a 52-week low 31 a share on twitter. the market is passing judgment on its inability to sign up new members. down 5 bucks, 15%. going the other direction. under amour famously supporting a golfer, jordan spieth. higher approaching 100 a share. gilliard sciences raises its sales and outlook, 4% higher 117. yelp cut its forecast it had a
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problem with negative reviews as well. it's down 29%, some individual stocks are moving today. the market overall is not. the price of gas, yes down another penny overnight. robert kraft is now speaking owner of the patriots. let's have a quick listen to what he's got to say, please. >> in light of yesterday's league ruling i felt it was important to make a statement today prior to the start of training camp. after this i will not be talking about this matter until after the legal process plays itself out and i would everyone in the organization to do the same and just concentrate on preparation for the 2016 season. the decision handed down by the
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league yesterday is unfathomable to me. it is routine for discipline in the nfl to be reduced upon appeal. in the vast majority of these cases there's tangible and hard evidence of the infraction for which the discipline was being imposed and still, the initial penalty gets reduced. six months removed from the afc championship game the league still has no hard evidence of anybody doing anything to tamper with the psi levels of footballs. i continue to believe and unequivocally support tom brady. i first and foremost need to apologize to our fans because i truly believe what i did in may given the actual evidence of the situation and the
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league's history on discipline matters would make it much easier for the league to exonerate tom brady. unfortunately i was wrong. the league's handling of this entire process has been extremely frustrating and disconcerting. i will never understand why an initial erroneous report regarding the psi level of footballs was leaked by a source from the nfl a few days after the afc championship game, was never corrected by those who had the correct information. for four months that report cast apersians and shaped public opinion. yesterday's decision by commissioner goodell was released in a similar manner under an erroneous headline that read "tom brady destroyed
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his cell phone". this headline was designed to capture headlines across the country an obscure evidence regarding the tampering of air pressure in footballs. it intentionally implied nefarious behavior and minimized the acknowledgment that tom provided the history of every number he texted during that relevant time frame and we had provided the league with every cell phone of every nfl non-nfl pa employee that they requested. including head coach bill belichick. tom brady is a person of great integrity and is a great ambassador of the game both on and off the field, yet for reasons that i cannot comprehend, there are those in the league office who are more determined to prove that they were right rather than admit
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any cullpableility of their own or the initiation of a process and ensuing investigation that was flawed. i've come to the conclusion that this was never about doing what was fair and just. back in may, i had to make a difficult decision that i now regret. i tried to do what i thought was right. i chose not to take legal action. i wanted to return the focus to football. i have been negotiating agreements on a global basis my entire life. i know there are times when you have to give up important points of principle to achieve a greater good. i acted in good faith and was optimistic that by taking the actions i took the league would have what they wanted.
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i was willing to accept the harshest penalty in the history of the nfl for an alleged ball violation because i believed it would help exonerate tom. i have often said if you want to get a deal done sometimes you have to get the lawyers out of the room. i had opens that tom brady's appeal to the league would pro ride roger goodle the necessary explanation to overturn his suspension, now the league has taken the matter to court, which is a tactic that only a lawyer would recommend. once again, i want to apologize to the fans of the new england patriots and tom brady. i was wrong to put my faith in the league. given the facts, evidence and laws of science that underscore
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this entire situation it is completely incomprehensible to me that the league continues to take steps to disparage one of its all-time great players and a man for whom i have the utmost respect. personally, this is very sad and disappointing to me. now i know the real reason you came here was to hear coach belichick so i'll turn the podium over to him. >> did you change anything? >> going head to head straight up against the nfl. bill belichick speaking now. >> hello, good to see everyone back here. got all the players back for the start of training camp and you know right now we're in a long step by step process as we
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head into the beginning of the 2015 season so we're just going to take it one day at a time. say we've got some preparation work to do in terms of conditioning and going through some policies and things like that trying to get everybody on the same page like we normally do and we'll try to have a good day today and try to have another one tomorrow and string them along day by day. that's really where we're at. robert took care of the other situation, tom's had a statement. so there's nothing really to talk about there. i won't be dealing with that at all just trying to get the team ready and prepare for the regular season as we all do and as we did all spring. so, it was really-- there's no change for us on the football team. >> more ability to understand-- how do you think something like
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this this-- >> we're going to take it day-to-day just like we always do. >> do you believe as tom brady says, that he believes he nor anyone did anything among. >> we' start training camp today and get ready for the season starting today. >> coach, is there something flawed about the-- [inaudible] . >> it's already been addressed, no. >> why not? >> it's already been addressed. >> people have a lot of questions. >> you heard what robert just said, it's already been addressed addressed. it's already been addressed. >> and we're going to continue to get the team ready for the 2015 season.
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that's what we're going to do. >> and how will you get ready when you don't know who your quarterback may be. >> all the players that are out there will practice just like they always do. >> you don't know who is going to be in the game will that make it difficult for quarterback? >> we practice every play in training camp, that's what training camp is for, that's the way we've always done it that's the way we'll do it this year. no difference than any year. >> it's a new season for everyone, we all have to reestablish our level of performance whether it's coach, starting with me, player assistant coach or anyone else that's what training camp is for it's a new start of the year and we have a lot of work to do a lot of preparation before we play the game, but we have a lot of ground to cover between now and then and that includes everybody, players,
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coaches assistant coaches, everyone. >> have you spoken to tom brady? >> i talk to the team every day. >> have you spoken with tom brady? >> i talk to the team every day. >> [inaudible] >> i just gave it. >> on the draft it says that the nfled nfl-- does that mean that you're going to court with this? >> we're going to start getting ready for football. all the players here start our process for regular season. >> how do you describe-- [inaudible] . >> spring camp is a teaching camp and we've got a lot of
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reps for everybody and football and practice it out an individual basis and eventually get the pads on a padded level where the timing and execution is different and we have to start to you know build into the things that are situationally we didn't do as much in the spring. >> i think that everybody, you know, learns a lot in the springs. the rookies learn a lot, the veterans learn a lot and it's a precipitation for training camp now is when we start get kicks out there and execute it at a higher tempo, higher level, not today, but eventually once we're able to practice in pads. >> and bill-- [inaudible] . >> this is a training camp where everybody gets dressed,
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we evaluate the entire team. >> and right now we're focused on getting the team ready for the 2015 season. stuart: i am told that that is vintage belichick setting new standards in stonewalling. if you were watching you heard pretty much the same answer for every question we're getting ready for the 2015 season. listening to judge napitano what's your response to what we saw. >> i don't think there's any legal aspects remaining. i'm not sure what mr. kraft meant when the nfl is taking this to court. the legal process is over. if tom brady wants to appeal by filing a case in federal court, the decision of commissioner goodell yesterday is very very, very narrow grounds on which to do it. he would have to show either corruption on the commissioner's part or a
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blatant obviously error like two plus two equals 25. ashley: what about the fact that goodell came out with these charges and basically did not recuse himself from hearing the appeal by brady, you will a the same person? >> all offensive to our concept of due process, but permitted and required under the collective bargaining agreement between the players union and the nfl, they different liz: judge, what do you make of the fact that kraft and belichick didn't address the finding that tom brady destroyed his cell phone. >> i think that the evidence against tom brady is overwhelming, and if i can editorialize i think he's lucky to have gotten off with just a four-game suspension. and i thought mr. kraft thought there was no need to get into the details. stuart: the ballpark from that press conference you have a major team going head to head against the nfl.
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>> in the outcome-- >> a leading team. and brian kilmeade from his show. >> you're going to hear stuart varney introduce me just about now. stuart: i just introduced you. you're on "varney & company." you were watching bill belichick and robert kraft. your response. >> bill belichick at no time said i believe tom brady, he's by quarterback, my guy, brought me four super bowls, brought me to prestige all he said was nonanswers to any questions, that was about this which stood out to me by bob kraft, 100% in brady's side. and he regrets and apologizes to fans for not fighting this back in may. and tom brady's doubling down. he says just like roger clemens in a way when roger clemens
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when he was accused of ped's and said everyone was lying except him, he said i'm going to fight this. and judge, i know right there, i recognize him from his head shop because he's got his picture awn over the building. judge napitano you say this he says he's got to fight this he's got a union lawyer and his own agent who is a lawyer and fight this and try to get it overturned and probably a stay and be able to play while they decide. >> brian, i'm terribly story, i've pretty much got to go, but we've got a fighten within the nfl what we've got right now. anybody going to argue with that one. >> no. >> it's not a legal fight there's no basis for appeal. stuart: we will he be back got a whole lot more for you in a moment.
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one is on the runway. president bill clinton is on board getting a $200 haircut from the very chic stylist christoph christoph. it takes a while and there's an uproar. $200 for a haircut for the man of the people. and july 2015 bergdorf on fifth avenue. hillary clinton is inside getting a $600 hair do at the john barrett salon. what? a $600 hairdo isn't hillary the one who wants to topple the 1%? you could say the optics are bad and say the campaign staff is clueless don't they ever learn? you're asking for trouble if your candidate earns million dollar speaking circuit and goes out there with a bash the rich message and to top it off she's caught in $600 a pop
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swanky salon. and hillary's campaigning is not going well despite high priced consultants. bill went from $200 a haircut man of the people. and hillary last her work cut out for her. democrats are worried. they are corps correnating a wounded queen. and a partnership with hp can help you accelerate down a path created by people, technology and ideas. to move your company from what it is now... to what it needs to become.
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difficult decision that i now regret. >> that was robert kraft top of the owner taking on directly the nfl. this is a big and developing story. to the markets we cannily we just got the weekly inventory for oil report. 4 million drawdown that means we are using more oil, the price goes up. 48 dollars a barrel in oil right now. dincht store of twitter a new 52 week low down to 31 dollars share that is a 12% drop. lee is with us portfolio already lee everybody tells me you have to have paghts piece of twitter in your portfolio one of those stocks that is going places down the road. you have to have a tiny piece of it. would you buy it at 31? >> i'm not interested in it.
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twitter doesn't require you and me to agree that we want to be connected, so it turns into this big news feed people like us use all of the time i'm going to tweet about this in fivemen but it has never going to grow to the size that the wall street analysts are looking for. >> social network should -- it is a social network, got that. but it is different from facebook isn't it? not the same at all the. >> but it is not social. that is why my wife doesn't want to hear comments to get as many hits as possible and has to have a big global reach and it doesn't. i would say it is not that social at all. >> bumble along in the low 30s no chance of a real rebound. >> well, we don't know what future is going tholed.
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one thing if they don't figure out how to get revenue up and more people to sign up to make the platform less clunky or have an intern do it because it has so complicated it won't move forward an if it doesn't it will slowly die off when somebody else in silicon valley says wait a minute i know how to fix twitter make a better platform and might be another myspace. >> not a fan of twitter even at 31. lee thank you very much for onjoining us got you. check out l big board yeah this is the high of the session, a 63 point gain 177 almost. all right facebook the reports that results after the closing bell today it is at 95 a dollars a share right now. a lot of people saying is this the next doctor that goes zooming well over 100. we shall see. high per sales at buffalo wild wings, enough that goes 18
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dollars. that is a -- austin have you been eating all of these? >> delicious. look at that 10% up. but same story at panera 70% on gain on a stock that size. the high 204 earlier. 200 even now. hey fast food for weight protesters your days are numbered because while you remember screaming for 15 an hour wages mcdonald's has them rolled out a self-service kiosk. several of them in the united states. a move that ceo says is a direct response to the minimum wage heck. welcome to the program. good to see you. >> good to see you again stuart thank you for having me on. so you run benigans can we expect far fewer workser, more
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self-serve? >> well, i have to tell you stuart you look at this industry right now an for some reason we're being singled out, and it's devastating to not just fast food but segment of the food industry to put forward a notion by the state or local or federal government that we don't care about our people is just plain wrong and the reaction at many, many concepts, even what you just mentioned panera bread or buffalo wild wings or mcdonald's and even casual dining essential tgi fridays are going to kiosk because we have to address uprising cost of our businesses. a lot of people failed to notice stuart. a lot of people failed to notice these are franchise stores operated by small business owners. they're not these big con
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conglomerate these are small business owners trying to survive this statistic. >> tell me about benigans? >> we're looking at initiatives to broaden appeal of our menu to look at our bar. to -- you know offer the -- >> but what -- come on paul. what are you going to do about suddenly much more expensive labor? >> well, i mean there's a couple of initiatives that we can undertake some of it is the priceon and last thing that we want to do. a fine line between with a you can charge for a hamburger and boor and french fries. that i think the guest needs to understand from brands and where does that even balance. what we're going to be is more efficient in our scheduling be
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more efficient in hiring and more efficient in our training to get more productivity at the unit level that's in the front of the house as well as the back of the house. but i'll tell you this i will not go to the kiosk i think in full service guest wants an interaction with our service people which i think are the best in the business. so i'm not going to advocate that personal touch, that relationship building for a kiosk just to address -- an a increase in operating expenses rather support my team in all of the restaurants than take a -- technological advancement and utilize that at the sacrifice of the personal touch. >> all right paul we hear you runs bengins we appreciate it with the plan to crush the word is topple the 1% here is 600
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dollar hairdo is looking more like a hair don't. john ask here. question have this stuff on your show, don't you? >> i don't think that hair qualifies. we're doing a show on liars. >> you deal with hypocrisy here you have woman of the people. topple the 1% tax the rich into oblivion and gets a $600 haircut at -- whatever it was. [laughter] family in new york she has a problem doesn't she? >> doesn't so many to hurt her she flies around a jet and goes to luxury resorts. >> wait a minute you have lunch with hillary clinton? >> and once i will write about this she was staying at a billionaire's house and i was in a hotel dodge the road and we had lunch with hillary. >> why did you have lunch with bill and hillary ?fertle because my brother-in-law helped start them out by formed helping form the democratic leadership
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counsel which she then betrayed with her politics. >> how does it feel to be a libertarian a man who believes in free market and capitalism suddenly linked in with all government all of the time democrat. how does that feel? >> i live in new york. that's what i feel all of the time. [laughter] a family break up coming because of this? >> no, no -- my brother-in-law is not happy with the clintons so he's on my team now. [laughter] not become a libertarian. how do you handle this hillary story and election. >> show is online and a lot of politician lines you can see is opinion or wishful thinking to debate that. but i was struck with hillary it is just lies. ferghts give me a lie. >> i have to do some of the ligs. e-mails i'll skip over. i have one device no she had two no, nothing to do with classified oops turns out it does. remember when she went to bosnia
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she said i remember landing under sniper fire we ran with our heads down. lost his job for that hillary -- [inaudible] >> that's true. hillary cruising on. benghazi is caused by an internet video. free trade, i bet a krittic since the beginning we found tapes saying i think nasa is proving its worth she lies and doesn't get called on it bit media. >> friday night your program -- >> 8:00. [laughter] this network he'll be there. thank you, scran. it is time for the sector report. [laughter] i want to say the shell report. >> same thing. sector report. >> i want to take a look at amazon because we heards how they're going to get a drone and playing out is they launch this delivery service. remember like a year and a half ago they were on 60 minutes
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first time we saw them talk about it. now the whole discussion about drones now they're telling us that they have different sections, highways if you will depending 400, with 500 feet where they're flying in in and out that is sector overall all about technology. google has talked about drones and twitter talks about nobody is hopping on to twitter. i'm a fan but whatever. but more text today in your sector report. sanctuary cities, why are criminals being harbored in them? why don't cities like san francisco cooperate with officials? we're talking about what a difference it could make, and the donald out and about responding to president obama for saying this. >> i actually think i'm a pretty good president. i think if i ran i could win. but i can't.
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>> i'm nicole petallides with were fox business brief dow jones industrial average near session highs up about 77 points right now at 17,708. s&p 500 up 8. nasdaq up 7 right now. this is fed day, so stay tuned to fox business we'll have all of the news coming ousts feds later today in the afternoon getting 2:00. dow movers are seeing pfizer lead a new high. caterpillar. downside dew points are down. but we need to see dan are winners there twitter the name everybody is talking about.
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new low for twirt 13% user stalled trying to figure out how to go to masses to get twitter to be popular like facebook. defense earnings watching both a general dynamic here. both have up arrows. a new high posted on their quarter earnings, and then make sure keep it right here on fox business we start our day at 5 a.m. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ ♪ so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill
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>> the murder of kate steinly violates illegal immigrants has reignite dj son writes about this issue by the way in "the wall street journal" today. you actually break some news certainly news to me. some of these cities not sanctuary cities or cities in general are being sued if they do cooperate with the federal -- >> it is parts of why more and more cities are becoming sanctuary cities. what they're finding out what the feds have asked them to do is when they want someone on suspect someone being here illegal or being in a state where they should be deported they've asked local jails, local sheriff's department to hold this person extra 48 hours to check them out. >> right. >> a few cities have been sued by the people they will held that extra period of time and
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those lawsuits have going forward. aclu is pushing them and people suing have won. not only have they won, the city or o the municipality or the county has been having to pay them damages and curb their legal fees in some cases up to around 150,000. this is happened out of oregon it is happened in pennsylvania. again, aclu is pushing it. now cities are saying we don't want to cooperate with feds because we may be sued another incentive to become a sanctuary city and driving this trend. >> you have to be through this again. suppose i was an illegal immigrants i'm in a city. and i'm spotted by cops i'm picked up and feds say keep that guy. >> right -- >> i'm kept in prison. i get myself a lawyer. the lawyer goes to a judge and says they shouldn't be doing thissing and enforcing this or detaining me and judge agrees. >> now you're right judgeses are saying now that request of the federal government they cannot hold you additional amount of time.
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and then again, these rulings have gone against these cities now they're worried in some cases about their bottom line particularly in ninth circuit that covers california or washington state. ninth circuit has been indulgent of this legal theater. you see sanctuary cities pop up in that part of the country in recent years. >> how on earth do we ever get rid of the sank square city concept? going away? >> it is the other problem -- here is the other thing driving this is that states in localities are reluctant of being agents yet feds count on them to root out it legal immigrants that need to be deported they have 5000 doing interior enforcement. 750,000 cops in the country and those 500 that do interior enforce respect counting on this network of police officers to help them out comes are looked into to do that. they say it is difficult for
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them to police their communities to investigate something, and everyone scatters because they think they're there to round up ology l or cousin so and so and deport them. >> what an absolute complete mess and people are getting killed. extraordinary. i did not know about that. thank you. now this, president obama thinks he could win a third term in he were able to run again. donald trump thinks otherwise. listen to this. >> fail miserably if he ran again. i would beat him easily. obama would get creamed if he ran again. love to run against him. >> love to run against him. creamed if he did run again ?rchg i don't know if he would get creamed because obama did what electorate cares about. do you appreciate the plight that i'm in and a can it reverse
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what jfk said. >> because he gave them to me. >> democrat platform said 5% growth we're about 5% growth that was 1960 democrats last formed. >> in 1960 became president that year. >> made 5% gdp growth. ferlg having fun. all right everybody big news is this hour. a defiant robert kraft owner of the new england patriots he's taking on the nfl. more on that next.
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>> robert kraft not holding back earlier this hour taking the nfl head-on. adam shapiro outside nfl head quarters with more on this story. adam. >> and actually this story is just growing bigger and bigger by the minute nobody expected robert kraft statement since patriots made a $100 fine gave up the first round pick in 2016 it is quite incredible he calls the decision by nfl unfathomable. no hard evidence in fact listen to what he said moments ago. >> those that are in the league office more determined to prove they're right more than admit
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culpability that was their own. never to do with whaftion fear and just. i had to make a difficult decision that i now regret. >> so kraft now regrets that his decision and press conference bill belichick asked do you believe in tom brady, do you have any comment about what roger goodell has done here and he said there's no change for us on the football team and take it day-to-day as we always do and start training camp today. belichick didn't use the word brady in any statement during the press conference much more coming out of this players association due in federal court. we'll update the rest. >> thank you so much. hour three of varney & company three minutes away.
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outraged at the shooting of a lion. $50,000 for the line. a couple hundred for the baby parts. yes indeed. look anywhere online and you'll find outrage over the dennis killing of a lion for sport. you have to let carter online in the mainstream media to find similar outrage over plan parenthood maybe parts for sale videos. fox news radio host is here. how do you explain the different in the reaction? >> they don't care.
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elise planned parenthood wasn't chopping up the sister network with how we should express outrage. they can express outrage together. what do they think is going on in the plan parenthood abortion clinics? they ask like an abortionist taken the mole off your face. they are killing unborn babies. life or death. stuart: apparently the country in terms of the media that we see in what god doesn't heal that way, does not feel that the body part sale is as important or as outrageous as the killing of the lion. i don't know how to explain it. >> because in our messed up world we have a country that does not have a moral comp is. right is wrong, wrong is right
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and the country is in grave danger. since roe v. wade, nearly 60 million unborn children have been aborted in this country. where is the outrage? over the weekend a senate majority leader stopped a plan to defund plant parenthood simply because of petty politics. we are talking about unborn children. this is simply outrageous. the question raised by her colleague bill o'reilly. i believe we are beyond a barbaric nation and an usher they have a word to describe what kind of country we are right now. stuart: i'm not going to play devil's advocate but i am going to say what your opponents are saying. body parts from aborted fetuses, little babies are being used for valuable medical research. swallow your feelings about abortion because the end result is good medical research which saves lives. i know you don't favor that
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argument. what do you say to that? >> that's what they say. i don't believe it. does that justify carrying a child out of the womb and crushing that in the way they can preserve body parts? just outrageous and indefensible. elected officials in congress have happened to the plate. there has been legislation introduced to defund planned parenthood. i do not put a single penny of my tax money to find this atrocity. stuart: what would you do with the republican party if they don't get this through congress? >> i've written about this and i believe that the republican party cannot muster the fortitude and courage needed to defund planned parenthood, they do not deserve to have leadership in congress do not deserve the white house in 2016. drink you at this goes to the president's desk and essentially put abortion into the 2016 presidential debate. >> it should have been.
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the republican party is playing politics with the abortion issue right now. they've been in control since 2013. why haven't they tried to defund before the videos came out. everybody knows what's going on. drink your republicans will be demagogue to death. >> i can't sit here anymore listen to this. we have talked about this. this is a barbaric act is where there are pro-life or pro-choice. you are going to make this -- stuart: one at a time. >> you'll make the election about abortion. go all the way back to the debate whether so many other issues in the country. >> i do wonder if they've got the photographs of the piles of aborted little girls who do not have the right to live in this
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country because they've been aborted and their arms and limbs and body parts. >> you want to overturn roe v. wade? >> i want to defund planned parenthood. my dollar should not pay for those atrocities. sadly democrats have the moral high ground to some extent here because when they campaign for office they support abortion. they do support the planned parenthood. republicans out there that campaign as conservatives that in reality governed like democrats do. that's a pretty sorry state of affairs. stuart: thank you for joining us. we have not heard the last of this for sure. last hour we heard from the owner of the new england patriots and head coach bill belichick and the nfl upholding tom brady's four-game suspension. listen to robert kraft. >> there are those in the league office who are more determined
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to prove that they were right rather than made any culpability of their own. this is never about fair and just. back in may i had to make a difficult decision that i now regret. stuart: he's the most powerful owner in the league and he's taking on the lead. kraft will not discuss the matter anymore until the legal process plays out. judge napolitano back for more on this at 11:00 eastern time today. check the big ward leaders. 73 points higher as we speak at the dow is back above 177. yelp cut its forecast and its forecast invoice it down today. what we saw in percentage terms is downgraded. 28% down $9 down to 24. gas national average down a penny overnight. the decline weakening to pick up steam. 268 is your price now.
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take a look at twitter. not a good day. share prices hit a 52 week low, now 3164. jo ling kent looking at the company. >> if you are looking for good technology, twitter certainly hasn't. if you're looking for exploding growth it is just not there. without the least number of users added for monthly active users ever since the ipo. stuart: is twitter in play? >> no doubt about it. that would be the right suitor? there has been talk among analysts about google or facebook or a couple other big companies. stuart: do you think the government would allow facebook to buy twitter? >> it's an interesting question. as a look at a company like google, this might be a good fit
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for them. they continue to lose money. they would lose money under the new company but they may have more support to do the growth they need. even jack dorsey, interim ceo says this growth is unacceptable. it's not turning around anytime soon. honesty does not make me think of a potential buyer that this is some thing to take on. it is a big turn off at this moment. stocks tanking today. stuart: cheryl cummings got to come into this. there's a lot of talk itself. the anger, the outpouring of rage is part of twitter is problem. cheryl: twitters problem is can you monetize rage? is it a social tool something to be reckoned with in part of our culture, yes. i don't think twitter is going
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anywhere. it took facebook a couple years. i will give them the benefit of the doubt. ashley: nine years. they better get going. >> don't expect it anytime soon. if that's what executives are saying, they're in trouble. cheryl: it took facebook two years after the ipo to get their mojo going. that was my point. stuart: the u.s. attorney's office attempting to provide material support to isis. someone tipped them off after discussing jihadist beliefs. the social media records are being checked as part of the investigation. associated press just confirming afghan intelligence as top taliban leader mullah omar is dead. they say omar died in a hospital in the pakistani city of karachi in april 2013 over 2 years ago. concerned veterans for america ceo joins us now. what stuck out at me as we been
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going after mullah omar since 9/11. we didn't get in. we didn't find him. died of apparent natural causes. could you say that as a failure on our part? >> in the shelter for a long time in pakistan whether karachi or qatar. we pretty much knew where mullah omar was for a long time and we also need the pakistanis to their intelligence services were more or less protect in him. a big shell game between afghanistan and pakistan. he benefited from santa monica and we get news today this comeback is dead. a radical islamists, one of the original gangster radical islamists. we had a price on his head. it seems time got a hold of them thessaly. unfortunately it hasn't changed dynamics on the ground. the taliban has been surging for the last two years which is bad news. stuart: it doesn't change the
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bad taste in your mouth when you realize pakistanis were protecting osama bin laden clearly protecting him. and now it seems as you say they were protecting mullah omar. what is going on? don't we give them billions of dollars the year? >> we do. george bush gave him an ultimatum after 9/11. you are either with us or against us. they chose to be with us. at the same time they played a duplicitous double game because they are the heart of the radical islamism with the madrassas where it is coming from. they were enabling and protecting islamists while others were targets to keep them really maintain power which is ultimately what was happening there. as a result no-space-on to pakistan for a very long time. mullah omar benefited from not because of it.
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stuart: something else to mullah omar benefited from nevada's american lawyers. right after 9/11, donald rumsfeld knew where mullah omar was. i think he was in kandahar in afghanistan. the defense secretary knew where he was in was about to send over a cruise missile to knock them out. lawyers in america is that you can't do that. donald rumsfeld kicked over a chair in his anger and rage. i cannot confirm the story but it does show you we got a problem waging war with lawyers. >> -- >> any hesitation will cause you will cause to do is a high-value target. think about the time lost, lives lost because of the lawyer of the report is true. we are not going to win these types of wars until we get out of the way and clearly started as early as september and october 2001. stuart: shocking. always a pleasure to have you on the program.
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stuart: some stocks moving at buffalo wild wings. up goes the stock by 13%. same story at panera. that stock at a high of 204. it is bare now. that is a 9% gain. not bad. puerto rico on the verge of default. new york city mayor bill deblasio calling on president obama to rescue the eye of the nation. blake burman in washington with the bailout proposal. i'm just joking. reporter: a schematic new conference yesterday. the federal government's obligation to act to help puerto rico which of course has been no $72 billion in debt.
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if not, deblasio says it would be abandoning the u.s. territory. he even compared the situation to a natural disaster appeared here applies. >> this is a time of trouble if ever there was one for puerto rico. no different than a natural disaster. we must be there for the people of puerto rico. reporter: treasury secretary jack lu reiterated that a federal bailout is not on the table. puerto rico understands there won't be a bailout. deblasio and others call for congress to enact a law that would provide bankruptcy option. stuart: bailout, bailout bailout. blake irving, thank you. charlie gasparino is with me now. you are the bane of bill deblasio's existence. he went on to say that hedge funds are responsible. they are vultures. they give them money and now they wanted back.
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>> that's actually not true. first comrade bill does not have a direct line of congress or the white house, which is a good thing. the first public official in the united states except for bernie sanders. the federal government gave puerto rico with the ability to borrow debt in the municipal bond market. that means individuals over the past 50 or whatever years. don't hold me to the day. individuals purchase the bonds of puerto rico. individuals mainly those in new york who feasted off of triple tax-free status from a territory that bonded out to build all sorts of stuff. so let's point out wall street firms did not benefit from that. municipal bonds are largely held
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by insurance companies and individual investors. insurance companies make up a small portion of it that individual is still -- individual investors. when puerto rico started welling up in one oppressive debt went down dramatically, hedge funds women and make about puerto rico might recover. hedge funds didn't cause the borrowing and they weren't the initial creditors. individual dentists, people in new york state and new york city. >> why do you think it's going so well? new york is a sizable puerto rican population. >> that's what he's talking about. ps no plug into the obama administration. elizabeth moran said something about this. here's the one option they may do. they may give puerto rico the
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ability to go into chapter 11 municipal bankruptcy. we should point out you would be giving puerto rico is sort of authority you don't even give u.s. states. states cannot declare bankruptcy. i think what will happen is at some point they allow them to chapter 11 the puerto rican bonds not general obligation will go into bankruptcy and sorted out from there. stuart: the puerto rican vote. that's what you've got to think about. they need help. >> wall street did it. even comrade bill should know better than this. stuart: charlie gasparino with comrade bill. >> how much that had the guam indians -- is that right?
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oil. why is that happening? the supply of it has fallen. we are using a lot more of that, more than moore expect in an up goes the price of oil. that doesn't do much for my pungent gas price does it? the subcommittee on oversight. gerri willis is following this closely. is anything going to happen today that will make a difference in the scandal? >> i think no. this is senators getting up and having their say. ted cruz is leading this. ted cruz was a flat tax. he would like to abolish the irs. you can imagine he's going to be very critical and other senators, grassley, hash, sessions they will all be critical too. this should be fun. don't get me wrong. are we going to move this forward? i don't see that happening. i want to know if the irs can
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relate directly to the white house and say get out there. >> no evidence of that. only suspicions. stuart: can we ever get the evidence? the hearing is not about the evidence. >> or destroyed e-mails. you've got to imagine these e-mails are gone. would it make any difference? >> mr. tom brady. >> thank you very much. we want to hear about the fireworks. here is what is next. amazon delivery almost ready to fly and they want their own special airspace to fly them in. there is a fight in the nfl between the league and the
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patriots. judge napolitano sorts it out for us next. >> i have no knowledge of any wrongdoing. i'm very comfortable saying. i'm comfortable saying nobody did it as far as i know. push your enterprise and you can move the world. but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether.
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stuart: breaking news, listen to this. democrat, pennsylvania indicted on racketeering charges. more detail, ashley. ashley: 29 counts of participating in a racketeer conspiracy in 2007 this failed campaign to run as mayor of philadelphia apparently a chaka fattah has a certain association enclosing a lobbyist of his garden million dollars from supporters and disguised it as they went to a consulting company after he lost the election he returned 400,000 then turned the rest into his own accounts for other reasons. 29 accounts. stuart: allegedly he takes a million dollars uses 400000 of it loses the mayoral race, keeps the 600,000 uses it for himself. ashley: yes. stuart: that is the charge. that is just breaking right now.
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interesting. >> under the racketeering statute they can extract from him three times what his soul. stuart: it ran into -- >> was in this project has the it should change after that because he used to have a big pile of money you could keep it after you left. rostenkowski got in trouble for all data may change that. stuart: they charged him under that because you can get triple damages. >> of the money still exists. worse that congressmen going to come up with three times $600,000. >> fund raisers. >> believe it or not, he can do that. he can also do fundraisers to pay his lawyers bill. stuart: stay there, judge. the big board high for the day up 100 points.
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look at the price of oil high for the day. that drop in supply, up goes the price with the barrel over again. the price of gasoline did go down a penny overnight. $2.60 as the average. california is subject to the rules and the average in california. new england patriots defending tom brady this morning and apologizing to fans for the nfl punishment and eight. listen to this. >> i was wrong to put my faith in league. >> he is going right head to toe at the league. it is a huge fight. fox sports radio jc is here. you are the breaks there. welcome to the show. what i am hearing is this is a huge issue because the nfl is now a war within itself. is that accurate?
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>> the nfl has to stand strong. they are standing strong with a four-game suspension even though they were willing to cut a deal with tom brady to though or the suspension. robert craft one of the most powerful owners, two fires two of his employees involved with the equipment who deflated the football come is supposed to stand by versus two draft picks and all of the sudden he believes in the cause than tom brady. this is a law or between the patriotscommended by stephen philip all in the league with their powerful attorneys have better attorneys than robert craft has. they are ready to go to federal court and asked the judge will tell you it will be a big difference. a new yorker minneapolis bayfield the nfl has an advantage in new york. stuart: jt you are very optimistic note you're talking
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about. you've been talking to people since the belichick press conference here generally speaking it seems to me the opinion is very much again brady and the limited amount in favor of the nfl's position. >> you have to take new england fans first to a lot of new england fans great fans in all sports are delusional. support brady don't matter what. nationally on my show most people believe brady was involved. he was complicit and understood via text messages what the two of play for the patriots were doing deflated footballs. now he's in complete denial and tom brady has to stand strong. going on facebook and saying he did nothing wrong. cannot go back again. he has to fight to clear his name. the key issue here is his legacy. if he wants to be the greatest wonder of all time, they will still have super bowls.
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no one will take it away but he will be considered a guy who went about it in a shady way all the way from spike gave her patriots got caught and he's been a part of the organization or two big black eyes that had to do with integrity scandals. stuart: jt you know what you're talking about. jt the brick. thank you for joining us. judge napolitano can't get enough airtime. the lawyers have messed this up. i soon as you start using the word tampering and destroying evidence. >> i agree essentially with what the breaks just that. i don't know what is in mr. crabs mind and he lost a legal opportunity to challenge the nfl when he accepted the punishment. she now has no basis to sue because he failed what lawyers call exhausted memories. he has already paid the $1 million fine and surrendered
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in another round. >> is it over? >> correct. your argument with which you agree and i agree that there is a battle is for the hearts and minds of the fans in the history books. not in the courtroom because viewers what the law lawyers considers the procedure over which commissioner adel provided. they considered arbitration when the collective bargaining agreement was negotiated. side non-by all members and agreed to by the nfl. that forms the basis for their relationship. the agreement says here is the procedure.
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if we investigate you and you don't cooperate, we can construe you something to hide. if we investigate you we construe you have some need to hide. judge jury executioner and appellate court is the procedure. it sounds unfair to her due process but that is what the union agreed to. a court is not going to interfere. the only way he can sue us if you showed corruption or that roger caddell made a mistake, a mathematical error. it's over. i am just befuddled because i'm outside of the story. a story about a couple of footballs which were inflated to the correct level and all breaks loose. >> and i suggested is a story about the value of an extremely unique asset. whatever it is a went down
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because the most important quarterback is out for one quarter of the season. how about that way of looking at it? >> a very good financial analysis. stuart: invaluable. thank you very much. reagan has come a judge has dismissed spearmint scam charges against herbal life and its ceo. this is one of several private lawsuits. others being dismissed. no impact on herbal livestock. then we have amazon. delivery drones almost ready to take off and it's laying out a plan to get them in the air calling for a high-speed transit for the drones to fly in. fox business tom sullivan pilot joins us. is the amazon plan a special zone of which only drones can
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fly their drones. what do you make of that? >> is great. it makes all the sense in the world. here is what is so interesting. when a terrible accident over the hudson river a couple years ago were a helicopter and plane per write it. the hudson river as those for helicopters, and those are playing sightseeing and zones for flying over new york. the air space is full of this stuff. here is what is interesting to me. the faa is sitting around going we need to think about this and have commissioned study of father rise in and google and amazon and yours are putting it together. so i think it will happen and that will be the answer to it. the wife and daughter and i., i went to a fancy commission at the restaurant overlooking the ocean over the weekend.
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i was looking at the banners going by. i looked up and i saw this big upside. no sound, no noise. went right by the same exact airspace. cheryl: at du a great amazon's proposal of the fee going from 200 feet to 400 feet? >> any transponders on all drones so we know who's they are. stuart: 400 feet up special zone. is the zone. and you like this? >> i like it. it's a solution the faa is still thinking about it. stuart: two very different economic recoveries. we don't often do this on "varney & company," but we have a chart. we will show you the chart after this.
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i like to bake. with at&t get up to $400 dollars in total savings on tools to manage your business. >> tied with fox business. green arrows across the board. dow, s&p all higher. dow up 111 points. as we talk about energy out $1.23. sturgeon in west texas because of the draw down in crude and related inventory report. with that all of arrows and almost 2% eag up 1.5%. more than half the names of the s&p 500 to speak of it to a
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close. they are bouncing back after the bell. anadarko, news that the u.s. state department approved the possible sale to saudi arabia $5.5 billion in additional tax three missiles to show their commitment to our u.s. partner there. facebook after the bell. stay tuned for that. right now you can see this up 11%. right here fox business fim. i host a show with sanders -- due to your first accident. see car insurance in a whole new light. liberty mutual insurance. [announcer:] what if one stalk of broccoli could protect you from cancer?
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stuart: here is the chart we've been promising to show you. even though i don't like them, i like this one. the difference in jobs or cover under president reagan and president obama. the jobs are just not there under president obama. intelligence report post trish regan is here. >> recovery? vote they point to 200000 in the month recently. i say great, what kind of jobs are those? these are basically jobs at fast food restaurants. they are not jobs that can sustain a family. i don't call this a recovery. the difference between president reagan and president bush come me talk a difference of 8 million jobs. >> waitress jobs can't issue a
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good paying middle class. i've been doing this for years on the other side and it's crazy. stuart: carryover beanie famous economists out where you are this morning. they said you can't compare the two because ronald reagan came out as a vanilla recession hit when ronald reagan took over he said it was a catastrophe when obama took over. >> all the more reason for us to have better growth. we should be selling and showing a stronger job growth that we are right now. >> you know as well as i do pay the difference is a different administration putting in policies that would grow the economy. tax cuts, less regulation, more clarity from washington. it doesn't take a phd to figure out that will help grow the economy. stuart: before you go, i want you on this story.
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the 99% hillary clinton, got a $600 haircut. i would say that was bad at the very least. >> who on earth gets a $6 -- i know manhattan is expensive but i'd never even heard of that. apparently that is what they charge. for that amount of money is bad optics. if you want that expense of a haircut she could've got a stylus to come to her hotel room. instead she shout down half of manhattan to get her hair cut there. >> how good do you have to be to charge $600? insane. absolutely insane. i am used to manhattan prices but i've never seen anything.
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ashley: if she had the color.it's an extra $12600. so that would be $1200. >> i'm really glad i raised the subject so you guys could have a go. coming up on "the intelligence report." bill groves giving trish an exclusive look at where he thinks the economy is going the rest of the summer and which candidate he thinks is good for your money. on your show today. >> will be talking all about the, too. >> i know. i'm kind of into it. stuart: hold on a second. i've got a serious story and a segue, too. breaking story. we are following a judge who dismissed another pyramid
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scheme. against herbalife and its ceo. this is one of several private lawsuits. some dismissed already. now seen the stock go up. not much, maybe 2%. wonder why $70 million buys you in new york city? how about a penthouse with the private porch. we are going to show it to you. can a business have a spirit? can a business have a soul? can a business be...alive?
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stuart: $70 million, you could be the proud owner of the new york city penthouse with his own private pool. cheryl come on and for this one. is this another run-of-the-mill multi-million dollars apartment in new york? cheryl: no, you had me at pool. a big new trend among the wealthy to have your own private pool. also, by the way, right across the street. this is the building, 70 million across the street from the headquarters. four bedroom, a place for staff as well. 9700 square feet. it is a duplex. php is that the east river. by the way, british architects, but you would've pretty h..l. doggett on this one. 25 square-foot terrace. the pool is heated, 34 feet and
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that is the big one. also by the penthouse above it for another $25 million. stuart: a private pool is what you've got to have if you are uber rich. >> i would rather have been in your pool in new york than an outdoor pool. this is what we are seeing now. how can i make myself -- differentiate myself from my other wealthy buddies. well it is a pool. i kid you not. i'm working on a story. i will bring back another story. stuart: you are very dismissive with this. transport it is a pool. who doesn't have a pool at their apartment. stuart: the very first self-serve kiosks inside new york city's. a direct response to $15 an hour. ashley: absolutely it is. go win go through the menu.
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swipe your card a receipt comes out anyway for them to deliver the food at the front desk. 40% of the time these are used for mac donald's. it shows you the menu. they ask you to confirm it. you get a receipt and that is your ticket to pick it up. got it. thanks very much. more "varney & company" after this. people with type 2 diabetes come from all walks of life. if you have high blood sugar ask your doctor about farxiga. it's a different kind of medicine that works by removing some sugar from your body. along with diet and exercise farxiga helps lower blood sugar in adults with type 2 diabetes.
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ask your doctor about farxiga. and visit our website to learn how you may be able to get every month free. to know if the irs is linked directly to the white house. get out there and -- >> no evidence of that yet. only suspicion. intelligence suspicions i might add. stuart: can we ever get the actual evidence? can we get it? the answer was no we can't. anyway we get to prove the white house is connected, the irs
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can't. some comments the rest of the show carroll says this about the dentist to kill the african lion. very sad. we should be more outrage that the number of babies killed each year. >> it is looking like a success. the downloading has begun. it is rampant across the board. and for one day at least more positive attention directed at microsoft and there is is at apple. now we are also following news we will get out in two hours to the federal reserve. may be fine-tuning will we are told will be an inevitable rate hike. it is going to happen, justin know when it is going to happen. connell mcshane following that and market will that action ahead of the. connell: the story has b
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