tv Varney Company FOX Business August 18, 2015 9:00am-12:01pm EDT
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congratulations, jo ling kent, we'll see you very soon. looks like science fiction, doesn't it? it looks like the robots are coming, robots are coming, they have arrived and look at them, everyone. please look at them, they walk fast on uneven ground, you can call this a robotic hike through the woods. and where is google going with this? they make these things. sure, i can see the potential, but do you find this slightly unnerving? we're on it. hillary has unnerved the democrats, her e-mail problem expands and this morning, some very important voices on the left are sounding the alarm and how about this? make a half million a year and still live in subsidized government housing and the government says it's okay. you can stay. all right. now, watch this, little girl with a 3-d printed robotic hand throws out the first pitch of the baltimore orioles game and she throws just fine. see that?
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"varney & company" is about to begin. ♪ first, we will update that horrific blast in thailand. all right, at least 20 people died when a bomb went off in the middle of bangkok, 140 injured. the explosion happened next at a hindu shrine popular with tourists. police confirm that a second bomb went 0 of today. it was crowded with pedestrians and missed. it exploded in the river. officials have released images of the man they believe to be responsible for the first attack. the day after the initial attack, bangkok in crisis. the dow jones industrial average has opened pretty much dead flat, however, down 30 points. 17-4, it looks like the china bubble is bursting. stocks there, the shanghai
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index down 6% overnight. if that happened here, the dow jones industrial average will be down a thousand points. china have vacations for everybody's money. a story that has not received that much prominence, but will today. wal-mart, it's cut the full year outlook after the profits disappoint. it's down two bucks a share at the opening bell, that's a significant drop for that stock. very different story at home depot, it's raised its full years sales and profit forecast. a boost from some say the housing. that stock is up two bucks. oil, close to a six year low and it's still close to a six year low, $41 per barrel this morning. good news, sound the trumpets, thank you. the price of gas went down overnight and that's why we're sounding the trumpet. the national average down a half, 266. what's happening here, the
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spike of the last week is over and headed back down again. this is a bit we like to bring you, the cheapest gas of america is found in charlottesville, at costco, $1.82 for regular. let's get to hillary, first, it was two e-mails and then, 60 and 63 and now more than 300. a lot of people were asking, what was she thinking using an unsecured private server to conduct the nation's foreign policy? what was she thinking? look at op-ed headlines from "the washington post." hillary clinton's nick nixonion mindset, that shrieks watergate. and hillary clinton is her own worst enemy. liz with the fiscal times. i don't think it has a financial impact, nothing to do with wall street, this is full politics. inthat hillary clinton's
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campaign is in serious trouble. >> and even democrats think it's in serious trouble, and that's why you hear about joe biden in the race or al gore. and it's not going away. there's an investigation now by the justice department and the fbi has taken this on and that's going to take possibly a year. through the campaign season we're going to continue to hear about this. the problem for hillary is, and the reference to nixon, is becoming more often repeated, it's all about control, paranoia, not people wanting to know what she was up to. amazingly, in a recent poll, 78% of democrats think she's trustworthy and honest, i can't imagine that will stand. she's been blowing this off as another right wing attack on her. i can't imagine this kinked drum beat of revelations will know the shake that foundation. stuart: i don't know why she doesn't come out and say it, yes, i put the business onto a private server because i don't
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want you lot to look at what i'm up to. i want privacy and control. if she said that. >> the problem is now, she's built this ladder of mistruth. every time she says another one, you can't unravel the earlier ones of the it's become a mess. stuart: financially in any way, shape or form, if the democrats look to be in disarray in the election and the republicans are coming forth with a great policy could that be vaguely good for wall street? i think i'm stretching. >> a it's early, and b, because of hillary's weakness, that's a little bit of a plus. maria: we've got that. thanks, liz. there's a chance you'll be somewhat on this one. a family who made $498,000 a year and they're in subsidized
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public howesing. and the government wants people like that to stay in public housing. >> that's right. they know all about this, they want them to stay because they want people to have all kinds of incomes in public housing. they want them to serve as role models to people in public housing. they don't want a cabrini green. i don't want to pay for this as a taxpayers, 25,000 families to stay in public housing. why am i as a taxpayer funding this? >> 25,000 housing above the income limit, but 300,000, i think just in new york, they're on a waiting list, 300,000 to get in. >> some people want because somebody making that money is taking their place. stuart: thank you. back to your money, liz, back again, i say that china is a huge story, i think that china is a bubble bursting very, very
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gradually. i think it has pro nouned indications for our market and our money. >> this is something that i actually think that the reduction in growth in china has been going on longer than we know because the chinese clearly lie about the government statistics, which is an amazing assertion, but it's definitely the case, growth now, there's rumors to grow in hong kong, way below any official forecast or what they reported for the second quarter. profound implications for the oil prices and commodities markets and i think-- >> and the market was down 6%. >> and the woem problem with that, consumers were middle class chinese and encouraged to buy stock. a lot of them are bankrupt because a lot was on margin and there goes the consumer driven recovery in china. i think it's a tremendous problem. stuart: we got it. i'm going to bring you what i
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think is the video of the day. the google's newest robot and it walks like a human. it rights itself if you shove it. can you believe that? christina is here to comment on what you're looking at. >> it looks like a technical break through. >> one of the things it goes on to do is go through unsafe terrains, it climbs up hills and goes through the wilderness. usually we don't see people are able to traverse. stuart: we a've seen the roboti dogs that you can shove. and do they have an idea what it can be used for? >> it comes out of company called boston dynamics, and it's interesting what they're doing for it. it could have implications, we
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don't want people to send in to do, hazardous waste to clean up or a robot into the area that doesn't seem that safe. stuart: do you feel slightly ill at ease? >> i can't help, but feel a little ill at ease. it looks like science fikz. and you can't help, but be afraid what can happen if they turn on us. it's 6-2, 230 pounds, bigger than the average person. stuart: and they've got it working now. look at pace of progress and you could see this thing doing heavens no what. >> carrying guns. haven't we seen movies where there are robotic warriors. they have all kinds of capability. stuart: at the moment google is spending money on this, but not making money. >> they could sell it to the government or other
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organizations, it becomes a big business going forward and why they' they're assessing this. and maybe they would make more. >> and the ultimate. stuart: 6-2. >> boots on the ground. stuart: look at this, please, it's in california. there is a proposal to raise the gas tax. now, if you watch this program, you'll know that california pays the highest gas prices in the land and they want to raise that with the tax law. the state law legislature got back in yesterday and this is what they're preparing to do. they want to hike the gas tax in the state by 10 cents a gal and increase the hybrid fee. if you have to pay $100 and
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then increase that by 35,000 a year. stuart: why? >> they need 60 billion to fix the infrastructure ap we're haed to have high taxes and lets he an add tax to the gas price, 3.56 today, the state avera-- average. and in florida they're increasing their gas taxes by a nickel that starts in the new year and a county in illinois is as well. stuart: that's florida. but california is the signing example of raising the price of gas and driving and register a car, got it. a comment later. don't forget, tune in weekday mornings, 5:00 a.m. lauren, sandra, nicole with fbn a.m. we have a much less scary robotic story for you. a little girl throws out a
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first pitch of the baseball game with her 3-d printed armament. arm. and here is day one. >> i did not e-mail any classified material to anyone on my e-mail. there is no classified material. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business...
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>> and say when i saw this, this is very special. this is a five-year-old girl throwing the first pitch for the baltimore orioles and she's doing it with a robotic hand. a 3-d printed robotic hand. it's things she's able to do that, love that five years old. new live. to the hillary e-mail scandal, now, more than 300 e-mails have been flagged as potentially classified. when she first addressed the
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situation back in march, she said none of the e-mails were classified. >> remember this. . >> i did not e-mail any classified materials to anyone on my e-mail. there is no classified farrellments all rise, john napitano is here. >> what do you have today. >> when the intelligence and randomly 40 of the e-mails and looked at them , and they extracted the same four, not only classified it's top secret, not only top secret, two other markings, indicating it cannot be even discussed outside of a secret government
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ven venue. what was it? a satellite imagery or description of satellite emergency wri and communications between torn agents. how do anyone not know that is classified. mrs. clinton's next defense is i didn't send any information that's marked classified. that's an arch deception, it's secret, top secret, or-- she is taking a page her husband's play book, no one is marking it classified.
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she's the secretary of state of the united states, the chief diplomates of the united states and deals essentially with the nation's most secure secrets. how could she not know that this was top secret, whether it had the words top secret stamped on it or not. stuart: what's the development today? 300. >> yeah, developing today the number has blossomed from one to four to 60 to-- likely problem e-mails that went through as secret, top secret, or confidential. it it now appears that she may have done this as many as 305 times. and now, remember this, stuart, she destroyed 33,000 of her e-mails. she wiped clean, had it done professionally, the server that contained those 33,000 e-mails. she did a lousy job of
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destroying it because she left the 305 on there that showed she did not now how to deal with classified information. >> do you think it's going to get worse and worse? >> if you want to know what i think, i think she's obviously a candidate for a serious investigation for the fbi and my sources it will me this is the most serious professional law enforcement team investigating her. they're not republicans, not democrats, couldn't care less about politics. it's the same team that investigated general petraeus. stuart: serious trouble. >> yes. stuart: come back before the show ends. >> i go wherever justice telgsz me -- tells me to go. stuart: video on-line and the viewers are outrage. i hate to watch this.
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alabama that got in deep trouble. they had to remove the recruitment video saying it was insensitive to women. >> oh, please. >> what is offensive about that video? >> not thing. i tell you why feminists find it offensive, these women have dyed their hair, wearing it long and don't wear earth shows. they think it's politically incorrect. hyperfeminine. >> apparently you can be hyperfeminine. >> commodities they call them. >> and what is not empowering about this? were you expecting albert ien sign? this is crazy. >> okay, i was in a sorority that looked liked this, okay? i'm not going to apologize for it. it's amazing how the outrage of a few is now leading the university to apologize, stuart. stuart: really? >> this is a sorority a
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legitimate sorority and the university aushtd a statement apologizing and they had to pull the video. >> does beyonce apologize for her videos which are deeply offensive in my view? >> i don't know how to follow this up. that's ridiculous. and the video of the day is the humanoid, scary? some think so. and at the opening bell, what does wal-mart's struggle say about our economy? we live in a world of mobile technology,
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into the country and >> she may act on this as many as 305 times. she destroyed 33,000 e-mails. she wiped clean, had it done professionally, the server that contained those 33,000 e-mails. should it allows a job of destroying it because she left 305 on merit but showed she did not know how to deal with classified information. the >> judge andrew napolitano on the growing e-mail scandal. out front on the story above and beyond everybody else. if you want to catch him, come
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to us at 9:00 a.m. sharp. 15 seconds to the actual start of trading on wall street. in the background, china's stock market did a mini crash last night. it was down 6% just in one day. maybe that will become a factor on our market here. eavesdropped like that, maybe back on. check the board, trading has begun. 17.5 and small change. let's talk about china, down 6% overnight. that's the stock market. the dow jones average would be down 1000 points. this could be a situation with china as a bursting bubble. that would be a huge market story very much affect them your money. sandra smith is here coming gerri willis is here and larry levitt in chicago. is this going to be a really big market story? bigger than it has been already
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a bursting of china's bubble. >> you will be talked about more and more. one of the biggest events we've seen in a while. .open in a much lower yet. the s&p down five or six points. i think right now that is going to be a headline for a few days. tree into do you feel this is an overhanging problem of low when the hitters at some point, the chinese bursting bubble. >> the way you put that is perfect, stuart. it is going to take some trickle-down effect. only 7% of u.s. exports go to china. less than 1% of our gdp and here is the thing with a yuan devaluation. we will not feel that trickle down here much. the market problems are going to affect australia, new zealand and the asian trading partners
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first. the trickle-down effect is headed our way no doubt about it. very robust in the eyes -- right in the face of this. really a problem down the road. >> the impact has been felt in the commodity market. >> for so long long commodities on the win not because every time the phone rang on the trading desk in his china is buying, china is buying. whether base metals are great market impacted by china. goldman sachs put out a thorough report on this basically saying the throwdown would have to be so dramatic to feel the impact as far as u.s. corporations are concerned. they are not ruling out the impact but it have to be a dramatic slowdown. trained to want to bring up wal-mart. the stock is down about two bucks in the early going. this same-store sales up 1.5%.
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sandra: the economy and strategy not working. there could be a competitor is amazon. all these retailers are trying to combat what is the growing market for online sales. wal-mart has not been greeted that so they are trying to combat that in the stock is a noose around $70 a share. wal-mart is struggling a little bit. >> they are struggling a little bit that they are spending a lot of money on online commerce. sure into i have to believe that chart, not long so danny kline -- the slow steady decline as the relationship between the two. am i wrong? sandra: you are not wrong. they represent the global slowdown of the economy as well. it can be a good sign when wal-mart sales because wal-mart sales slowed because wal-mart sales because it may mean people are trading up to a more expensive retailer at home. stuart: have a look at home
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depot. maybe this is the housing recovery in america. home depot came in as good profits, raised their forecasts for profits in the future of two bucks about 1.5%. i am told they get a boost on the recovery housing market. >> home builders who are building go to home depot. sure into it's not a housing boom. sandra: the housing boom has been home depot doesn't thrive. when things get a little bit better, people start fixing up their homes. rather then major distraction -- >> in the earnings release is that the people upgrading their homes is what is helping our bottom line. they are doing great. trained to come in, dir. would you buy home depot? >> i make it a little bit better but they do a lot of things great. same-store sales were much greater than people thought.
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also starting to reach out to the retail consumer and do it better and better job reaching out to the pro contract is than trying to penetrate the market so there is more upside growth. i like it. nstuart: do you own it? >> i do not. nstuart: fair enough. six-year lows for oil. look at copper, please. 229. larry, on npd trait this stuff all day long. are we still had a lower for basic commodity prices. >> these commodities continue to drop on a daily basis. oil, gas a great example. obviously recovering a little bit on the of the last year, year and a half or so, stuart. if you are looking to buy in the lows and some of the highest.
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nstuart: does that mean little slowdown in america, the rest of the world not using as much copper, are we slowing down here because of that question art >> the opposite of that. we are going in the right direction. not as fast as everybody would like. commodities will recover in come off the lows and get back not all the way to the middle ground but where they are right now. stuart: we are the ones growing 2%. >> at the relative situation. a little smaller and a little bigger. we are the bright spot even though it's not a terrific. stuart: i see shaking of heads. >> it depends what you are comparing me to. who came in there? >> that is made. it's a relative situation.
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stuart: i want to give good news. the price of gas went down overnight. the national average down half a percent. this is significant because it looks like the recent spike was because of the outage looks like that is. >> you shrug it off like no big deal. 11% of all gasoline in that region to shut down because of a malfunction. it is with everyone. some parts of the midwest by father gas prices strike 40 cents in a week. they talk about a dramatic impact on people's wallet. stuart: we around and saw the time. some of the state of 59 cents. sandra: you had the national prices going down and then that gas prices are higher like there's some big. c. they're trying to testify about
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this because of the refinery. they will pull in front of lawmakers and opposed them. to be clear, the price of gasoline is going down. the downside move was interrupted referred by the midwest refinery outage. a spike in the midwest. this bike is now over. back to a downside move and have $2 gas by the end of september, sir made by christmas. sandra: i will go at the first part. the second part i won't hold you to it but that's a long way to fall. shrimp for real news. starbucks is putting real punk in its pumpkin spice latte is. what a concept. this has nothing to do with the stock price did this is a little cultural item. >> you can put it that way. last year when we found out starbucks only using pumpkin pie
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spice and caramel coloring and its famous pumpkin spice. the president of espresso is america, what a title came out and insured everybody they will use natural pumpkin ingredients in this fall's debut. things are working. maybe it's hopeful you'll spend extra cash in savings from the pump. trim for i was not outraged this year -- last year. i am relieved this year. stuart: googles newest robot. you push it and the rights itself. it is six-foot two, 300 pounds. any comment? >> still connected. i don't know what a threat it is at this moment.
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personally it is pretty scary looking. can you imagine the day when there's hundreds of these things walking around. stuart: i think this is fantastic. >> they are walking up to your door and taking pictures of you. stuart: all be dead by then. mark your calendar. the new iphone upgrade. that is news to me. are you buy an apple up 116? >> i like it down here. i like it a little bit lower. we talked about a pullback into the one of four area where i would really be loading up on it. they continue to blowout profits, revenues and that everything they do is right. the new phone is going to be just fine. it is great, but i like it
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better at that level. more of a magnet level to buy it at. >> i do want somebody to tell me what the iphone seven upgrade fix. i don't know at this point. sandra: i am due for a new phone so i'll probably be picking this one up. >> the innovation here is slowing down every cycle. stuart: jerry is negative on apple. we spend $76 billion a year on pets. no surprise pet co. is going public again. sandra, jerry. >> of the recession for business. it's unbelievable how much people spend on their past. i have a new puppy, nine -month-old german short haired pointer and it is unbelievable how much money you spend on your dog. i know you've got some very beautiful furry friends yourself. i'm sure you don't skimp. stuart: no comment was the
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weather. who laughed? >> that was me, stuart. it's interesting because i have one of those furry fireballs make no and $500 a year per capita spending on pet her family is more than a family spends on men and voice clothing combined. we really do pay for pads. stuart: there they are. three colors. moving on. donald trump takes direct aim on emigration. give me that story. >> this story on emigration. i did not know you are going to come to me on this. this is the headline for me. stuart: apparently trump says zetterberg esper of the h. one
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vsat and trump does not like to did the >> two sides of the story. he obviously wants to employ cheap technology labor. and john all-caps-on the immigration truck. stuart: trump versus zuckerburg, immigration policy. we are down 34 points. 17.5 is where we are. thank you toric panelist from chicago. coming up on a drastic fix for wildfires in california. huge jet covering whole forest and fire retardant in one drop. trump's immigration plan, something that could hurt the republican party by scaring away the latino vote. more on that next.
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stuart: in sales and that stock )-right-paren 75. a new high. sporting goods, making decent money with a 3% gain of 52. sales growth disappointed and it's down 2%. huge jet. that is what is new here. huge jazz to battle wildfires on the west coast. this one in washington state. day job fire should turn over the whole florists. the video was taken by a new screw. they were doused as it flew overhead. look at the size of the check on what is dropping.
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that's what you need with buyers on that scale. donald trump music is old immigration plan. it has three parts. send illegal immigrants away. two. three, work visas. our next guest says trump's plan will not only not work but will end up hurting america. francisco fernandez is here. welcome to the program. >> thank you for having me. trump says he can do this. he can do all of those three-point. you're an immigration attorney. can you stop them? >> the problem is no one questions him on the how. he says he can do it. and opposed he says. listen, just like my buddy said, is he going to have howard stern as his vice president. he's trying to shock everybody
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into doing something. stuart: can he do it? can he do it? >> no, he cannot. no more than george bush could come at no more than obama could. stuart: why can't he do it? >> know he cannot. stuart: why not? >> the president doesn't pass laws. he's opposing obama for his executive order. he doesn't tell you how it's going to do it. stuart: could he do it with executive orders? >> no, he can't. stuart: why not? >> we don't have enough manpower. what are you going to do all of a sudden have a void? why do you make of suspending work visas?
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>> one point we are trading our technology and its escaping back to other countries it has cost you not -- condé nast rating trading. a lot of people, appear to get educated. we trained them and then they leave. we have to have these folks stay here just like mr. suggs wants to employ them keep them here. that is the future of this country. we all agree on that. stuart: why to you make of the idea of no more incubators. that child would not not not to be an american again. >> he has to change the constitution and the president can change the can't dictation. if the equal protection clause.
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i found that there is no such thing. 21 years. stuart: francisco fernandez, thank you for being here and tapping a difficult subject. thank you, sir. coming up, would-be robbers armed with a sword stole a pittsburgh convenience store but the cashier pulls out an even bigger weapon. the personal assistant iphones into teenager's life when he was end under a truck. details in a moment.
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stuart: attempted robbery of the day. two masked men got into a pittsburgh convenience door armed with a sword. they threaten the cashier. people doubted even bigger sword and chase them away. nobody injured. suspect still on the loose. my sword is bigger than yours. a tennessee teenager says siri, the voice on the iphone after it fell on him. he was trying to make repairs in the truck fell on him. he heard the siri act today. she first thought it was a mistake and then she heard his
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screams for help in back rooms. they rescued them. we have the 9-1-1 call a little later in the program. if you are seeing snow in august, you just know jeff flock is involved. jeff went this far behind the scenes look at snow lab. you want to explain this one? >> well, stuart used that i think it would be a cold day in if via chrysler came out of bankruptcy. not only have they come out of bankruptcy but they are going strong. take a look at this new gpu. the jeep renegade dealt on a fiat platform. they are testing that to make sure it has everything a jeep needs. i'm standing in 30-mile hour wind right now at minus 30 degrees fahrenheit temperature. that is a windchill of minus
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60 degrees. here's what they do. they run vehicles through these tasks is the taken stand up to these conditions. it's pretty amazing. stuart: okay jeff, we get it. dead and not a bear, can we? i mixed it in something. we played chess in that thing in his god and isp in his ear so he can tell how we wanted to stay in here. we set another minute, another minute. he's got another minute to go. i'm going to rescue him. >> we are trying to replicate what it's like for an environmentalist to appear on the barney program. [laughter] all right. time is up. poor guy is frozen stiff letter late. "varney & company" tower two was coming out. the military doubling down on drums. our military men, bill callan is
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>> almost exactly 10:00 eastern time. top stories, look at this. the rise of the machine. google showing off a human size robot, walks over rough terrain, extraordinary balance, a big breakthrough, yes. a little scary, yeah, that, too. and the pentagon increasing its drone program by 50%. lt. colonel bill cowan says this is the future of warfare. he's here. and in the golden state, millions of taxes from businesses to pay for green programs. not a single project has been completed. "varney & company," hour two starts now. ♪ >> we'll start by updating the deadly blast in thailand.
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at least 20 people killed when a bomb went off in the middle of the tourist center, 140 injured in the popular shopping district. police confirm a second bomb went off today and they say it was thrown by a mom onto a bridge crowded with pedestrians. it missed and exploded in the river. officials have released images of the man they believe to be responsible for the first attack. he went into the area with a backpack and came out without the backpack and he is a suspect. they want to talk to this guy. look at the dow industrial average right now. we're down 39 points, it looks like china's bubble may be bursting. na could be affecting our markets and our money over here. more in a moment. and wal-mart, disappointing profits, down it goes, 2 1/2%. a different story at home depot raising full year sales and profit forecast and it's up 2%. higher sales and profits at tjx, the parent company of tj
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maxx. a new high for the stock now at 76. the price of oil, bobbing between 41 and $42 a barrel, right now. good news, gas went down overnight, national average off a half-- i appreciate the applause, about time. 2.56 is your national average. how about this? the u.s. million plans to step up its drone use by the end of this decade. stepping up significantly pt they want to widen surveillance and fire po your-- power in places like ukraine and the south china sea. this is the future of warfare, you look that? >> i do. these are the visuals of the old "star wars" movie are here or around the corner, anytime we can accomplish technical or strategic executive on the battlefield without putting u.s. drives at risks, we're doing the right thing.
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this is a significant expansion. you start putting those over ukraine and the south china sea and they're equipped with missiles that can shoot things and hurt and kill things on the ground. that's expanding your area of drone use significantly. >> it is, stuart, if you put missiles on them. but we can use those drones as we do for technical and streak reconnaissance. and just like the overhead satellites, they are over there looking at the space and looking to see what's going on and taking pictures and watching movement of the troops. in fact, we're doing many of these things already with very expense self high altitude and lower orbit satellites and these drones offer much less expensive alternatives. stuart: to an outsider like myself. it looks like we in america, run the drone business, that we are way outfront in drone technology, is that accurate? >> i think it's fairly accurate, i'm not sure where
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all of our competitors are out there. i know france and the israelis have very good drone programs. drones come in varying shapes and sizes and some are made for the tactical battlefield and some are in the unit, out there on the front lines, they want to see the drills and what they're talking about doubling the number of uses of, whether they're talking like bigger drones that flies over afghanistan. and other countries out there in the business right now, a lot of competition in the world and a lot of countries becoming much more capable in the use of good drones. stuart: i want to show you google's latest robot. we've been showing our viewers all morning, walking through the woods on uneven terrain. is that the future of warfare? boots on the ground, but robot boots? >> well, that's a great question, stuart. i've been around that program in one fashion or another in about 20 years and the advanced
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research, and from the pentagon, they have about a $3 billion budget this year. they put about 95 million dollars this year into robotics programs and looking for the battle field warrior. they have robots that can look for unexploded ordinance and try and determine if it's a bomb without a managing up there and working on robots that can go on the battlefield and drag casualties back. when it comes to fighting, i think we're a vng long way from getting there yet, but that's the direction that they're trying to get to. >> fascinating stuff. it's fascinating to us, total outsiders, we love that kind of stuff. knows what he's talking about from the inside, thank you, bill. >> thanks, stuart. the epa expected to announce tough new regulations on methane emissions, methane, pronounce it how you will. adam shapiro is here. more pen and phone targeting
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the industry? >> especially fracking, almost a miracle in energy production. the first ever methane emissions issued by the epa, they want to cut, the obama administration wants to cut emissions by 40 to 45% from the levels. part of this you might call the obama legacy tour and trying to tout a global legacy cutting global greenhouse emissions. and he's going to have the court in december put that together. if you have the regulations, you're going to impact severely what has been a miracle in fracking. and there's not a whole lot of data. stuart: is this a hit on fracking? >> it's absolutely a hit at fracking. stuart: and that's where some methane-- >> it's absolutely on fracking. stuart: and the industry says this will raise the cost of
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fracking. >> yes. stuart: because you've got to change the process of fracking? >> it will drive up the cost and the question, is it worth it and is it necessary. >> here goes my electric bill, that's all i'm saying. you know, you want to hurt me, you want to hurt the industry, it's another hit on consumers. stuart: if you hit on fracking, you're restricting the supply of natural gas to the united states, that's a problem. >> methane accounts for what about 9% of greenhouse gas emissions. but according to scientists, it's far worse than carbon. stuart: can you? >> they're going to do it whether there's a cost benefit or what. stuart: now this, first time home owners getting older. in fact the average age of a first time buyer is now 33. and the washington reporter is with us now. you're a millennial. you're a youngster. why is your generation delaying
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buying a home? >> well, a lot of this has to do with the number of young americans who are saddled with student debt. not only does this prevent them from saving up enough money to make a down payment on a home, but created a great deal of reluctance to borrow more money and physically tied down to a piece of property that takes years of work to pay off. and this is a generation that often witnessed their parents lose homes through foreclosure when the housing market collapsed in 2007 and 2008 and that can have a tremendous impact on a young person trying to build up their credit and fears the same thing could happen to them. stuart: so, the student debt that hangs over so many youngsters, that's a disincentive to get that down payment together to buy that home? i figure that somebody's going to come along and offer to forgive some of that student debt on the grounds that that would stimulate the housing industry which would then
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stimulate the economy overall. i think you could make that economic case wouldn't you? and i think you millennials would find this quite attractive, wouldn't you? >> we would, but at the same time student loan forgiveness is a various path to go down. because it looks at irresponsible borrowing if you could have the loans forgiven and it's not only student loan our economy is heavily regulated and overtaxed. and we millennials don't look at our career the same as our parents and grandparents did. we're changing jobs more quickly, every four and a half years and it requires us to move where the opportunity arises which makes owning a home for difficult. stuart: to my generation, i'm hold enough to be your grandfather, owning a home was the logical step in the american dream. that was the dream. you start out, you save your
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money, you buy a house, you get a tax break, you live in your investment. is it different from your generation you don't see it like that? >> i would say that millennials want to own a home, but what we're seeing under this administration and previous administrations is preventing them from fulfilling that american dream as you mentioned. the federal reserve right now has lowered their artificial interest rates in order to keep mortgage costs down and in theory, as you said, that should be enabling young americans to be able to afford homes, but what we're seeing instead is that home sellers are raising asking price ins hot markets in california and even here in washington d.c., and it's shutting out would-be home buyers from purchasing homes. stuart: thank you for being with us. good insight into this. we appreciate you being here. thank you. >> thanks for having me. stuart: if i was a politician, i would offer student debt forgiveness and i know i'd get elected. >> that's what obama is saying. he's out--
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like hillary clinton wants to make college free, ridiculous-- >> instead of ridiculous, could you do refinancing? you have the largest dem gra of-- demogra demographic, and we have to lessen the burden to start spending money in other others. stuart: any way you like it, the taxpayer would be on the hook for the re-fi or the-- >> a super quick tip if your child is going to college this fall and you want to save money. here is how you do it right now. 39% of incoming freshmen will not graduate in four years, tell littlejohny or joanna, it's down. we're fot going $30,000, it's $60,000 for tuition and that's the reality. >> look at salaries, the job that you might be learning to enter into, versus what the
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debt you're going to take on. you know, do we really want to be financing student loans for degrees that will never in 40 years earn any money in which to pay back? >> okay. if you're flying over labor day weekend, some big travel changes are coming. lauren has the full story in case you missed it. >> hurry up and wait at more than 14 million of us will fly somewhere for labor day. there will be longer security lines at the airport, not only because the airports will be packed, but also because the transportation security administration is making big changes after failing to catch fake bombs earlier this year. so, now, airport security agencies are retrained and whenever a full body scanner alarm goes off, more metal detectors will be used and swab tests, when they test for explosive residue on your palms, they'll conduct those as well. the obama administration is reportedly looking to reach a deal with cuba that would allow
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commercial flights between the two countries in december. the wall street journal says the flights would be an exception to the five decade old congressional ban to americans travelling to cuba. and drill, baby drill, and drilling in the arctic ocean off the coast of alaska, so it's challenging this dangerous shell getting that final green light. stuart: i tune in every weekday morning 5:00, that's a.m., lauren, sandra, nicole, up bright and early. very, very good early morning business show, watch it. the new york time writes a hit piece on amazon's grueling working conditions. the employees are pushed too hard. the great american company attacked. and they're bankrupt, pagan losers and we're hitting up the greatest company in the world because they don't treat every
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>> dead flat stock market right around 17-5. down just 12. wal-mart is the biggest loser of the dow 30 stocks and disappointing, and wal-mart dropped to around 70 as we speak. question, where is apple today? there you have it at 116. market calendar, new iphone expected on september the 9th. we don't know if it's a new 6 or perhaps even a brand new 7. don't know. apple is at 116. we follow netflix closely, almost a daily basis, dead flat, but $124 per share. netflix. almost 200 active duty military personnel called in to fight wildfires in the west. the first time that the military as been called in to fight fires in nine years. big fires covering 155 square
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miles. 2000 people evacuated. the new york times criticizing amazon for its employee culture. quoting now, here is a former employee, nearly every person i worked with, i saw cry at their desk. now, i went on something of a rant about this yesterday. watch this. >> look over the pond, they are bankrupt. they're pagan losers and here we are hitting at the greatest company in the world because they don't treat every single employee just right. that's pathetic. yes, it was pathetic. [laughter] the new york times is trying to make america more like europe and that's a terrible thing to do and look who is here, trial lawyer stuart: you just-- no, no, no.
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first of all, we have the best freedom of the press and the new york times can write it up. you can put it on tv. everybody can expose it, so, every worker goes in with their eyes open, if you want to work at a sweatshop, work at a sweatshop. if you want to run a sweatshop, run a sweatshop within the law. if you want to rev your engines and you can do that and if you don't, work at a place you don't have to. stuart: you mean to tell me if the boss makes me cry, i can't sue. >> that's exactly right. stuart: you can't? >> no. stuart: this is america, you've sued everybody. no, you sue when there is an injustice. making you cry is not injustice. stuart: you're afraid of amazon. >> no, i would sue them in a heartbeat if i thought-- you go back to 2011 when you had the guys working in the 100 degree heat. and the workers are falling because they're working in 100
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degree heat. if you want to work there, you go work there. >> these are white collar workers, this isn't entry level work. >> stuart, you make your guests cry and-- >> i have yet to make a guest cry and i'm working on him. a u.s. man claims he was held and sexually assaulted, the mother tried to call, and air bnb, you sue them? >> i take the case. this is the beauty of america, stuart, this is the beauty of america, what behavior is acceptable is decided by the people, not the government. you bring a lawsuit and bring 12 people who live in the community, is this appropriate
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behavior by air bnb and they tell the mother, you go call the spanish cops. . >> and it sounds like you're revving up cases against air bnb and uber. >> i want the jury to decide their level of conduct. stuart: have you decided yet. >> not yet, but the day is young. i go to work as soon as i'm off the show. stuart: are you serious? >> no, i've got remmington in my sights today. stuart: who? >> remmington. stuart: the gun shop. >> yeah. stuart: i wish we had more time, yes. whose side are you on? >> the poor fellow who lost his leg. stuart: all right, hard break when we are coming up, i'm told. you gained only a small amount of weight. the formerly golden state taxing businesses to pay for
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get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. >> yes, it's true, we've used this video a lot today, but i think it's worth it. google's latest humanoid robot taking a walk through the woods. huge potential there, you can see that, but maybe scary? we have a co-founder of "i, robot," the company behind the rob robotic roomba vacuum cleaner in a moment and machines taking jobs at fast food restaurants. why pay someone $15 an hour to take your big mac order when a computer can do the job free? we'll deal with that one in our next hour.
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here is the latest green debacle. it's from california, another story about taking money off business in the name of saving the planet. it starts with the green energy jobs act in california of 2012. tax business, send the money to schools to make them energy efficient, create 11,000 green jobs a year. that's how the deal was solved. three years later, with hundreds of millions spent, that created only 1,700 jobs and most of them were consultants. in los angeles with 1,000 schools not a single project has been completed. most of these products, by the way, are replacing the light bulbs and there's no accountability, the oversight board has never held a single meeting, not one. since the law was passed california has taxed its businesses an extra 700 million dollars under the green banner,
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what does the golden state have to show for it, a consultant's employment charter, extras for the light bulb industry and not much else. meanwhile, california suffer under the greenies rule. highest prices in the land, sky high taxes and the highest poverty rate in the nation. we live in a world of mobile technology, but it is not the device that is mobile, it is you.
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stuart: he made his money -- >> on carbon. stuart: on carbon. >> yeah. stuart: oil companies. >> yes. stuart: and now he's the uber green guy who wants to shift everybody around to solar and wind power. and he's spending his money to create -- >> taxpayer money. stuart: well, he's spending taxpayer money, he's spending his own money to get this legislation past in california. >> well, $30 million investment for gosh knows how much? 70million. >> a small group of people who are well connected and deep pockets are making the money. >> now, we don't know if california has the -- stuart: they're taking $700 million off corporations, funneling to schools, for fuel efficiency and it's not working. where is that money going? we don't even know. >> consultants. stuart: i suppose that's true. and if the google dog robot, do you remember that one? this is different, this is the human robot, they're both surprising. this is the humanoid robot
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from google, walks like a human being, dancing right now, walks over rocks, you can push this thing, and it rights itself. i robot cofounder. for the benefit of our viewers who don't know, i robot is the company that puts out the rumba, the vacuum cleaner; correct? >> it's exactly a robot vacuum cleaner, but what many people don't know is that it also builds robots for police forces, the military that can go into dangerous situations. stuart: okay. now have you any plans to use the kind of robots that we saw from google, the humanoid robots, they really do look like humans. any plans to use that kind of thing? >> well, i think it's wonderfully sophisticated technology, but i believe just like the computer industry, it's going to grow. so people have -- you know, over 10 million people have adapted rum bas, drones now,
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there's over a billion dollars in drone sales this year, companies all over are adopting drones to do agriculture, construction, mining, port security, public safety, and robots are being adopted, and i think there's robots will get more is more sophisticated, but you create a cycle of revenues and profits and put those into the development along of what consumers needs. stuart: it looks to me the humanoid kind of robot, what we're seeing there from goggle, that's kind of threatening, isn't it? i suspect if you use the robot technology -- it's not threatening to you? no? >> i saw some reports describing it as terrifying but not -- no, i don't think so. i think it's really exciting. i think it's really exciting that the technology exists. stuart: yeah. >> and what we need to do is bring the market up to it because people already adopting robots, taking them home as vacuums, pool cleaners, drones, people
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are -- there are so many people having fun with drones these days. stuart: well, wait a second. you have no plan to introduce a robot that looks like a human into someone's home or business? you don't have a plan like that? >> i don't think -- i don't think the cost meets the value created for the consumer yet. i think, you know, consumers are willing to take a few hundred dollars out of their pockets, get some robots in their home. and as they do more, they have a discussed application for this robot yet. and people especially women they're, like, well, what's it going to do for me? if you get the rumba, it vacuums, if you get a drone, it takes stunning videos and great pictures of your family and friends. stuart: one more time. how many rumbas have you sold? >> over 10 million. stuart: is that just in america or worldwide? >> worldwide, and, you know, it's a great time for robot
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companies. i'm doing a new startup that's called sci-fi works, and it biddle drones for military, and they do things like public safety, we have a deal with motorola to have them help law enforcement officers. stuart: has google called you? >> what's that? . stuart: has google called? >> google's on a path of -- they bought boston dynamics, and they're doing these very, very, very cool very sophisticated robots. that are pretty futuristic. my money is getting a robot car before getting a humanoid in your home. stuart: thank you very much for joining us. interesting stuff we appreciate you being here. thank you. now this. a new survey revealed which tech device you would miss the most if you had to give them up. only 4% said tablets. i'm surprised of that, adam.
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understandable 4% said the tablet the most. >> because you do everything that you can do on a tablet on this little thing. and personally this would be the thing i miss the most. i use a tablet when i'm on the road, but in puerto rico, i was using a bluetooth keyboard with this as my screen. >> i love my tablet because i can't see anything and if i could tut putt it on the tablet, it's bigger, and i can see more. stuart: i've got your point, i got the new iphone 6, you can do everything on this thing. >> yeah. stuart: i used to think the screen is too small to watch a video, it's not. you get used to it really, really quickly. >> yes. you do. >> bifocals are amazing on the screen. stuart: 10:37 eastern time, i've got to get to the sector report. some retail stocks are hitting record highs. how about that today? home depot, ross stores,
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william sonoma, foot locker, they're all breaking to lifeheim highs as we speak. some part in the retail industry doing very, very well. turns out the irs data breach could be much worse than thought. more than 600,000 households could have been compromised. we have the latest on that story in just a moment. . my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping.
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moment.. >> good morning from the from the floor of the new york stock exchange, stocks are lower but they're coming back, we've got great news on the housing industry, best levels since october of 2007, home depot says they're enjoying that trend, and shares hitting an all-time high today. new improvement better than expected rise and quarterly same store sales. on the other hand you have the story with walmart today hitting a new low. they opened this morning. they are reported weaker than expected earnings and this is walmart, investment and staff and weaker margin particularly in pharmacy sales. much more "varney & company" coming up right after this
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reported. we now understand, according to the wall street journal, there were a total of 615,000 households affected. way more than the irs originally stated. gerri willis, give us the details. >> that's right. they said 225,000 ahouseholds affected now, now it's 615,000, how did they find out they went through 23 million documents associated with the transcript portion of their website. that's how the bad guys got in. they used information they had gathered where else to get this info. and remember because it's your tax filing, stuart, what they get, your social security, your kid's social security number if they're at home because they're in your irs filings; right? how much money you make, where you work, where you live, now, i asked some of my experts. i said why didn't i know this to begin with? this is not unusual. stuart: not for just identity theft, we know that, what about the blackmail?
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>> absolutely. anything could happen here. stuart: yeah. >> and this is so much more nefarious than what happened with the stores because why? you have to file your taxes, legally you're required to file your taxes, so you're put at risk having people rip you up because you complied with the law. stuart: now it's gone from 200,000 to 600,000. >> yes. stuart: any possibility that it goes up from there? >> i don't see why not. it certainly could. now, the irs says they're done; right? but what we've seen in the past is these cases get bigger and bigger and bigger. stuart: okay. thank you very much, gerri. let's get to hillary clinton and her e-mail scandal. now more than 300 e-mails have been flagged as potentially classified. even the investigate starting to turn on her. just look at these headlines from the editorials, plural, editorials in today's washington post. hillary clinton's nicksonian mind-set is on display. and this one, hillary clinton is her own worst enemy.
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tamara hall is with us, still a democrat, are you? for work has i were saying off air you were seeing this shif. stuart: you are shift. i think you're shifting from the hard left position, which the democrats have established for themselves. >> i have never been hard lef. stuart: no, you're not. >> i've been reasonable. stuart: you're a centerrist. what do you make of hillary clinton? >> so -- okay i first in the shower this morning thinking how -- what analogy i was going to use, and, yes, liberals take showers. stuart: go ahead. >> so anyway. she's, like -- she was once the teflon don and now she's no teflon don. the teflon is starting to wear off on her and things are starting to stick. i was just kind of writing down all of the things that are going on with this e-mail issue. because it's confusing, and we're losing track. first she said she didn't want to carry the two devices, and then she said it was out of convenience, and then she said
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there was no law that didn't give her full authority, she has a thumb drive, she has a private server, they investigated in denver a private service provider. so there are all of these things that are adding up. so what do we do even if we wanted to defend her. stuart: go ahead. what do you do? you've got to ditch her. you've got to walk away from this candidate. >> so as a lawyer, what i want to do is wait for the facts to come out, and i think our society likes to convict people in the court of public opinion, and perished do that . stuart: look, we know she ran state department business through a private server in her barn. we know that. >> we know that. stuart: that's a fact that's been established. >> nondisputable. stuart: that's illegal. >> it's -- according to her, it's not. according to her lawyers, it's not. but this is what's interestin. stuart: here we go again. >> no. i'm not -- i'm not -- stuart: do you want to go into this election with hillary clinton as the candidate badly wounded as she is. do you want to do so that.
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>> no. i don't. i don't want to do that, but who do we have? . stuart: biden. >> biden, i like, but what is he doing? he's like a dead fish. he hasn't come out. stuart: he's waiting to see whether president obama is going to prosecute hillary clinton for having these secret e-mails on her server. that hthat's what he's waiting for. >> i don't think she's going to be prosecuted. that's a long stretch of your great huge imagination. stuart: judge napolitano says there's a team at the justice department that says if you don't prosecute and we find prosecutable material, we'll resign. >> okay. but they also said that about benghazi. so let's get away from the partisan issues and i think the analogy is not relevant because we've never seen this before with a candidate, not a president or someone in public office. this is somebody that's actually running for office and her lawyers are saying shut up, don't say anything, but she's getting beaten up. she's down. stuart: do you think she's
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out? >> so ronda rousey, who i refer to a lot, she said to her opponent, she said when she was down she said don't cry or something. i think she's crying. i think hillary clinton is on the ground crying. stuart: is she out? >> i don't know. stuart: make the judgment. >> make it up. stuart: make the judgment. >> maybe. can i just say maybe? . stuart: yes, you can say maybe. the very fact that you won't say, yes, she's going to fight to the end, she's in, she's the candidate, that you won't say that speaks volumes to me . stuart: i think we have to watch the polls. if her people fade her look, you're too far gone and you can't get up now, there's nothing we can do, maybe she'll pull out. and maybe that's what they'll use to not prosecute her. >> . stuart: i was reallyston to show you read the washington post this morning. two editorials, it's her own fault, she brought this on herself. just like watergate, that's an extraordinary statement from the washington post.
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>> two times had this happen before. stuart: there was a vote within the democratic party, it's very quiet but going on in the back rooms. >> and i think a lot of it is her pr. even if she did something illegal or questionable, she has no pr. she has no strategy. she's a distant person that just seems cold and part of this clinton -- stuart: she's not a good candidate. >> she was. stuart: i'll ask you again. is she out? >> can we wait until next week? . stuart: yes, we can. >> can i wait for the next polls to come out, something? . stuart: your uncertainty speaks volumes. it really does. >> who am i going to vote for? >> biden. sandra: a republican. >> oh, god. i did last time and where did that get me? . stuart: you voted for a republican? >> romney. stuart: you didn't tell us that. i didn't know that. >> some things are secret. stuart: like the ballot. tamara, you're all right. come back and see us. >> thank you.
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stuart: next week i'll flip the question again. >> all right. stuart: how's this for a deal? make nearly half a million dollars a year, get to stay in cheap subsidied housing, and the government says that's okay. and the piece of technology you have in your pocket right now saves the man's life who is pinned under a truck. we'll play you the 9-1-1 call after the break
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>> starbucks fans rejoice. everyone's favorite full drink. the pumpkin spice will have real pumpkins, as last year there was no natural pumpkin in their drink. it will have natural pumpkin flavor when it hits shores this fall. check starbucks shares, they're higher here. and siri was just a gimmick, listen to this. 18-year-old sam ray working under his truck, the trap fell down, he managed to activate the siri on his phone and called 9-1-1. >> you're stuck under your truck? where are you? >> rescuers lifted the truck off ray. he was taken to the hospital
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with nonlife-threatening injuries. he's expected to make a full recovery. and now for some unsettling news. an audit reveals wealthy families are living in public housing that your tax dollars pay for. peter. >> well, about a million people get subsidized housing from the federal government but the inspector general says at least 25,000 of them should not get it because they earned too much money. and a handful of cases, shocking amounts. an audit found a family of four in new york city who earned nearly half a million dollars of year but was paying about $1,500 a month in rent. a family of five in los angeles was found he didn't more than $200,000 a year and paying about $1,000 a month in rent. and one tenant in nebraska had a net worth of $1.6 million but was just paying $300 a month in rent. the inspector general for hud says that policies do not
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require the agency to kick these wealthy tenants out as long as they can pay their rent, then they can stay. but it says egregious cases like these should be addressed. gerri. >> peter, thank you for that. but first a full two hours of "varney & company" in the books, here are the violates. more varney two minutes away. >> very interesting what they're doing with it. but it could have a lot of implications for think about maybe things that we don't want to send regular people into doing. so you have hazardous waste that needs to be cleaned up or if you want to send a robot into an area that doesn't seem that safe, this would be a good application for that. >> this is the generation that often witness their parents lose homes through forecast when the housing market crashed in 2007, 2008, and that can have a tremendous impact on a young person who are trying to build up their credit but fears the same thing could happen to them it's more than a network and the cloud.
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and may be a little strong. perhaps sanctions, troubled, worried or scared stiff describe the democrats' current state of mind more accurately. open up the washington post and you see a double run away from hillary clinton. the post is generally friendly to the left a listen to this. michael gerson, clinton's campaign is floundering. actions raise comparisons to richard nixon. you have a big time columnist in a leading mainstream newspaper brings up the image of watergate. eugene robinson solidly and consistently supporting the left in the washington post but he now writes she only has herself to blame and her political problems and legal trouble are her own making. the goes to the heart of it by asking this. why did she decide to route offical males through a server
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in her suburban new york mansion? precisely. what was she thinking? where was her judgment. we go to an important election 15 months until the vote. republicans have everybody talking but the democrats have a big problem. they're front runner has the self-inflicted wound that is not going to heal anytime soon. panic may be the right word to use very soon. tuesday morning 11:00 eastern time. open for business 90 minutes on the law wall street trading floor and we're 2 points. i will call that flat. down slightly $2.66 the national average down 1/$0.02 a. money in your pocket, we will take it. where is the cheapest in all the land, costco in charlottesville, va.. 1 eighty-two cents a gallon.
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are we on our way? the push for higher minimum wage leading to more automation in restaurants. they are actually doing it, getting rid of employees. about 40 appleby restaurants, going to explain what is going on at 11:41 this morning. they are going to technology. to hillary, democrats to say the least of got to be worried. state department official christian whitein. i was just on a ranch saying it's almost panic time among the democrats. you are an insider in the beltway. am i close to being right? near panic in the democrat party? >> i think so. if you look at their talking points and the shrill reaction that some close to hillary have that is an effort to save the queen, save this process they had envisioned for years, this
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coronation, this waltz to the nomination is coming and done. you point out of that number of very left commentators spent the last seven writers about how the republican party is in collapse and/slowly coming around to this realization that hillary is damaged goods. stuart: do you have any explanation why she did this? she is secretary of state and chooses to run the nation's foreign policy through a private server in a barn in chapel choir? why would she do that? >> combination of paranoiac and bad judgment with the clintons of always had paranoia. you wonder if they do believe their troubles are not caused by their own conduct batteries--fast right-wing conspiracy. hillary was on the armed services committee for several years in the senate before she became secretary of state, she should have known how to handle classified information, realize classified information if you are operating at that level can be mingled with casual conversations with other principals in government.
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it is an excuse will with someone with that experience would think it is okay to have an e-mail server at home. shows premeditation, willingness to compromise that classified information. stuart: you were a state department official in the bush administration, correct? you obviously know people at the state department. what are they saying about hillary's decision to run it through a private server and what are they saying about her performance as secretary of state? >> there is a sense of unfairness because i couldn't have, in my room, in my office, the seventh floor of the state department armed guards, i could not keep top-secret information in my safe overnight so hillary can have this at her house, her lawyer may have clearance but has no role in government can have this on of thumb drives and get away with it, there's a case of general david petraeus, the hero of iraq, the surge to had to take a misdemeanor wrap for
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having his own notes which happened to be classified at his home. he had misdemeanor wrap and hillary might get away with it. is profoundly unfair and demoralizing to people who play by the rules. stuart: when you were working at the state department you could not even keep in a safe in your office confidential information? couldn't even do that? >> you keep confidential and secret information but when you step to the higher level and it is a big evolution from secret to top-secret and the codeword designations, sensitive compartmentalized information and two of hillary's e-mails, very small sample have that. if you wanted to process that you had to go to a separate facility. you would be observed by someone from the intelligence bureau. selig could be tracked. the notion that this could be held, kept around, not secured is quite appalling and anyone who is in the business knows how
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dangerous this could be because that information in its worst instance could get people killed is released for compromise methods we use to collect intelligence. stuart: you have been on the inside and you know what you are talking about. then we have donald trump always in the news calling out facebook's mark zuckerberg over the immigration issue. you looked at this. what is donald trump saying about mark zuckerberg and what is mark zuckerberg sang about immigration. >> what mr. trump is saying, called him out specifically, wants more of these ups to be handed out, wants to triple the amount given these foreign workers, technology companies in the u.s. donald trump says this is away for him to not hire americans but to hire foreign labor at a cheaper rate and the data back up mr. trump on this because if you are a foreign worker on of these a working at google, yahoo! you are taking 40% less than the american worker holding that jobs the trump says zuckerburg needs to
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stop it. stuart: mark zuckerberg since you don't have enough homegrown workers properly trained to do the kind of job he is offering. >> i am not sure that is true and the reason i say that is that is what mark zuckerberg says, 74% of american college graduates, science, technology, engineering, mathematics, 74% of those workers with those graduating degrees joy and not working in their degree or feel they work in other things like law, accounting and finance so these jobs, looks like from the data i looked at that these jobs are being given, mark zuckerberg is trimble and doing bidding for him. and marissa meyer, those are two other big names but also want more visas handed out. stuart: interesting.
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>> i guess so. and would be nice if it was an american worker, an american company wants to attract the best talent from all over the world. >> 74%, 100 this and the graduates are not good enough? not so sure. "cavuto coast to coast" when you make a nice point, not bad. i am going to update the deadly bombing in bangkok, thailand. it occurred yesterday. officials released images of the man they believe to be responsible for the first of two at tax. 20 people dead, you can see it going off. the bomb went off near the middle of the tourist center 140 injured. today police confirmed a second bomb went off. i-man threw it onto a bridge crowded with pedestrians, it missed and exploded in the river. that is the latest from bangkok in chaos. to china when it comes to your money this is probably the most important story of the day. the shanghai composite stock
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index crashed today down 6%. if that were either the dow jones industrial average would be down 1,000 points. commonwealth financial ceo brad macmillan is here. i think this is my opinion, china is a bursting bubble and i think it comes back to haunt us over here at some point. do you agree? >> i agree with the first point. i don't agree with the second. the u.s. is insulated. we haven't got much benefit from the run-up and won't see much damage from the bubble. "cavuto coast to coast" when you manage money, you must have a lot of people coming to you saying i am very nervous, the dow is at 17, 18,000, got all this stuff going on, the world economy slowing down, china has this crash overnight, 6%, you get people expressing this anxiety to you, don't you? >> it is a reasonable anxiety. wind you start looking at how
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exposed the u.s. and chinese is to the chinese economy how much damage that can do. if that is damaged it is in direct and might be good for the u.s.. stuart: do you take the opposite point of view which is the best and fastest growing economy of all the industrial nations is the united states of america and we are going to have another leg up for the stock market? is that your position? >> i do think that is my position. if you look at the fundamentals we are better than expected on earnings, not great but better than expected. if you take out energy we are continuing to grow earnings despite all the trouble we had. if you look at the way the market has reacted to some very real problems, greece, china, china again, pr always seen as a rational slight -- a lot of force pushing the market up and i am not sure what will change that at this point. stuart: you make an interesting case. let's hope you are right because
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he cheered up a lot of our viewers, thank you for joining us, thank you. government waste and incompetence, thousands of people who live in subsidized housing making more than enough money to afford housing of their own but the government lets him stay anyway. we will deal with it in a moment. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
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stuart: walmart is the biggest losing stock of the dow 30, disappointing profit forecast and down it goes. jo lin kent, is wal-mart's same-store sales up 1.5%. is that an indicator of slow american economy? >> business is improving, just not as fast as he would like. diplomatic and 1.5% of beach of what wall street was expecting, another bright spot, smaller neighborhood markets were actually up 7.3% in sales so
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clear that the consumer is moving more toward smaller type of stores at least walmart. stuart: hold on a second. i have not seen the smaller neighborhood walmart. >> they may not be in your area. they are getting started in different metropolitan areas around the country, not here in new york city. they're doing well up 7.3% but here is what i wanted to share with you. the reason walmart is cutting its outlook is they have invested $1 billion in raising wages, ecommerce, compete with amazon, they had inventory shrink which means -- you also have issues in pharmacy, not just a joy foot traffic. it is about how much they're paying their workers, more hours they're giving their workers, walmart trying to turn around the ship and it takes awhile. stuart: forecast profits have not been so great because they're spending money and
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getting a lot of shoplifting. >> it is a significant cut to the outlook. stuart: how many -- >> a company like walmart who for decades has been known as the cheap place to go for great deals, want to spend a dollar, find the dollar right and at wal-mart and dad have to change their strategy. neighborhood markets are doing well but this is a big shift for this company. stuart: i am walmart shopper and have yet to see one of the small neighborhood stores but they are working. abercrombie and fitch make team close. they are down big after announcing a new lead team. the stock price 18 is a six year low. this should be firing you up made the. 25,000 fairly wealthy people live in subsidized public housing, it is paid for by your tax dollars. just one new york city family made $498,000 in joy gear. apparently it is all legal and the government wants them to
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stay. they want the family to stay in the subsidized housing. wait a minute, i am outraged. the government wants these people to stay in subsidized housing because they are good role models and. what do you think of that? >> this is ridiculous. there is no incentive from the public housing authority to allow these people to move out of these public housing units, people who are in need can come in. people in new york city making $400,000 a year and they are paying $1,500 for tweet 3-bedroom apartment in new york and i know you living in new york know that is well under what they should be paying but the bottom line is in new york city there are 300,000 people who legitimately need public housing who are on the waiting list while these people who are overqualified not just by 5,000, $10,000 are making in to the six
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figures, taking advantage of the system and taking up space so people who are actually in need can't do it this and this is happening in l.a. and alabama and everywhere, not just in new york. stuart: i can understand the outrage of the people on the waiting list waiting to get into an apartment occupied by someone who makes have a million dollars a year but doesn't the government have a point that you need some people, successful people who are making money in these housing projects to balance it out and act as -- no? >> you walk by a neighborhood you want to live in that isn't public housing, it would be great to live there, try to be successful and put myself out of poverty and move up in the world. there is no incentive here to get out of public housing and into a better situation. it is not showing an example, is teaching people how to take advantage of the system and take advantage of people who are in
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need. it is ridiculous for them to argue ended is just about politicians not wanting to go with reform because whenever you talk about welfare reform they are hit with allegations of not being kind and empathetic when there is a lot of waste, fraud and abuse in the system, make hard decisions to make those changes. stuart: i have 20 seconds left. hillary clinton, e-mail trouble big time. i think democrats are panicking. do you think she is going to be the democratic candidate? >> i don't think she is. the inevitability factor is a huge mistake democrats made in 2008 and they're making it again this time and i'm not sure she will get through this considering the fbi is involved. not just a political attack but law-enforcement agency being involved here so we will see what happens. stuart: thank you very much for joining us. a new record shattering sale in
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new york city, penthouse apartment sold for $38 million. who is buying these things? no surprise to the donald, he is willing to spend the one billion dollars of his own money to win the white house. we are taking a deeper dive into how he spends his fortune. >> the controversy on 2016 and so much more, did not miss it, 8:00 p.m. eastern. see right here. everyone loves the picture i posted of you. at&t reminds you it can wait.
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how stuart: and henhouse and narrowly shatter records. it is called penthouse 1, it closed for $38 million, highest price for an apartment east of fair and avenue, narrowing down the area here. higher price places in new york city -- >> not in this area. this is a resurgence of this neighborhood. stuart: just one area, $38 million, that is a record. >> word among the broker commodity, a foreign buyer, cannot pinpoint said country but it is a foreign buyer, there are two penthouses that closed together hitting new records. penthouse 1 your looking at, 12 bedrooms, quadruplex which means a level of stories. a lot of these buyers don't live
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in these homes, they come in and i'm part and cash in new york city real-estate but don't live in that. i will do a story about a saudi prince who now wants to sell it. been a private elevator, 36 the views of the city and everything but more importantly there is a concern with the chinese economy we will see a slowdown and chinese buyers coming in to places like new york and l.a. because government such as the chinese government say stop sending your money overseas, must keep it in our country. stuart: i am withdrawing my bid. amazon facing the heat over the hit piece in the new york times and i will bring the judge in on that one. also taking an exclusive inside look at what goes on when cards are tested for harsh weather conditions. supercold like that. jeff flock is going right --
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two streetlights. the only difference: that little blue thingy. you see it? that's a sensor. using ge software, the light can react to its environment- getting brighter only when it's needed. in a night, it saves a little energy. but, in a year it saves a lot. and the other street? it's been burning energy all night. for frank. frank's a cat. now, two things that are exactly the same, have never been more different. ge software. get connected. get insights. get optimized. >> i want to get back to the "new york times" scathing critique of the work place culture at amazon. i'm going to quote one former employee who was quoted in the storey from the "times" amazon
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is where overachievers go to feel bad for themselves this had me worked up the other day. watch this. >> they are bankrupt. they're pay gone losers here we are hitting at the greatest companies in the world because they don't treat every single employee just right. that's pathetic. [laughter] >> really -- >> that was -- never seen you like that. for heavens sacks. here's my point, "the new york times" takes amazon to task. because they have a vigorous and competitive culture i'm saying they to make us like pagan lisers running nothing innovative whatsoever. uncompetitive. why are they going with amazon? >> you know "times" article didn't strike me that way. but struck me as 131,000 employees ab they found a few that were unhappy. if you don't like the work place, go get a job somewhere
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else. >> a critique of a very fine company. >> to me it was a tepid critique a political critique because so few people compared. i didn't know that these were 131,000 human beings. i had no idea it was that big. i know how fabulously successful it is. i know what you're going to ask me. if the boss make use cry, can you sue? i'll ask -- >> the boss makes me cry, can i sue? >> generally no. malicious attack it would be a different story. >> malicious if i'm crying. >> if boss's thought were with malicious then thoughts were malicious. >> jury -- >> jury, with the jury by a lawyer like you. [laughter] or effective influence, the jury would say that was malicious look what you did. >> it would really have to be an intentional, serious abuse of the boss's power in order to
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harm a person. if the by-product of the stress in a work place environment is crying, that is generally not actionable. you'll be very happy to hear that and all of your plaintiff lawyers friends will be crying in their beer. their british beer their warm british beer that no american would drink. [laughter] >> not warm any longer if you go to england into a english beer it is fizzy, lager. >> what happens if you order a point what shows up? >> you get an old fashioned pint in a round glass dark brown not fizzy and kind of room temperature and bitter. [laughter] >> like you were in that clip. >> born in c -- [laughter] >> don't you get my point? >> i do get your point and basically agreeing with you even harsher on "times" than you were because you took it seriously and i took it as a fit of jealousy.
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"times" wishes one successful financially as amazon. >> but "times" actually stuart asserted this was over text message we've had that debate about should an employer expect worker to answer e-mails at 1:00 or 2:00 in the morning if i'm sleeping am i violating the principle of my duties as an employee. i think you're part of that discussion as well. >> if the employer tells you this is a 24/7 job then you have to know when e-mails come in and ought to be compensated. >> these are white collar workers aren't hourly workers but in management jobs that's what the amazon story said. >> they get paid to deal with that stress and to deal with with the offhour obligation of making decisions. >> if i was a youngster 18, 19, fresh out of college i would go straight to a company like that because i want to climb the food chain. >> do you even remember when you were 18? [laughter] >> before you go -- going soon.
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[laughter] the u.s. plans to step up drone use significantly, operating drones in south china sea or ukraine i can't believe you approve of that. you would approve to shoot people down. >> act of war to invade another country's air space would we tolerate drones from a foreign country in mexico, texas border or combing over manhattan? of course, not. >> act of war. we would shoot them invading in other country's air space. >> in south china sea. it is a bill -- [inaudible] >> that is probably not their air space. but they have created those islands out of o nothing. but with if drone goes over chinese mainland expect them to be destroyed. >> you're not a big fan of drones. >> i am not. over my farm, it is gone. >> loss popularity don't you? >> because he's against the drones. >> nsa checking up. >> should one's view of the
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constitution be tempered by what is popular or not? >> it is under your view. people interpret it differently. >> no it's the plain ordinary reading with the -- fourth attempt you've got me back from age wisecrack. >> this is so easy, judge. >> you did not answer the question whether or not you remember what life was like when you were 18. >> i remember very well when i was is better than i remember yesterday. >> during the blitz? [laughter] >> no. >> still food rationing in britain when iftion 6 years old we've got to go. do you know why we've got to go because jeff flock is some kind of deep freeze out there michigan or somewhere. >> i hope you're paying jeff well for this gig. coming in now jeff are you going to tell us what's going on? >> i want to know if i can sue varnny for sticking me in this icebox right now. thank you, judge.
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we've never done this on live television before. we've got 30 miles per hour winds. we've got minus 40 fahrenheit and i'm going to stand in 80 minus 80 still -- this is what it is. i'm suing varney for everything he's worth. [laughter] >> bring it back up for a second. again -- judge -- >> he can not sue, correct -- >> kidding when i was he can sue. he can not sue you. >> correct. if he's injured he can hire a workers compensation and that's on boss's insurance carrier not you and that's why you're smiling. >> in deep trouble here. >> blah blah blah -- [inaudible] look at this. watch. that's, that's how cold it is right now. the words come out of your mouth, an they tease sometimes that's probably a good thing. this is the snow lab at fiat chrysler, what can i tell you,
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stuart? >> you can tell me that because i drive a chrysler country van that is my primary vehicle these days, you can tell me that they test it in that deep freeze lab and that's why i think it is the best car dollar for dollar that i've ever bought. last word to you. >> why the hell would anybody buy a van? i don't know. [laughter] >> because i have a big family, that's why. >> you're done flock, you're done. no lawsuit coming up. are we done with this? >> we are. >> finished -- ladies done, moving on. target reached other that massive data breach from thanksgiving 2013, target will pay banks who issue visa cards 67 million dollars. the previous settle with mastercard for $19 million. the minimum wage rage would be backfiring for those who need it most. driving the restaurant industry towards automated auctions instead zane who owns operates
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37 apple bees and easier to explain. at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away
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cold weather, dr port and all highs look at that up more than 3% at the moment. and another stock on the move today is dicks sporting goods. shares are up stronger than expected sales and declined moderated dicks is telling us at their golf galaxy location. in response whisking to full shares up more than 2.5%. at the moment. we will also be keeping a close look on rnings after the bell today as well as economic data tomorrow. much more varney & company after this. it's more than a network and the cloud.
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it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business.
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centurylink. your link to what's next. >> we're going to show you a google stock for a moment. it is down $5 it has got nothing to do with the stock price with this story. google has showed off its latest creation look at it that's a humanoid robot earlier i spoke to a tech expert christina warren about this. listen to this. >> they could eventually start selling this to the government. they could sell it to other organizations seriously this becomes really big busy going forward and one of the reasons why they're reorganizing under alphabet because these projects live outside of the google umbrella. >> you've been more at this. a large technical break through. >> this is atlas most advanced robot ever developed. in the world -- ever. and this is a video first time
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we're getting close look at it. this is a robot same company boston dynamics that google owns that came up with the robot that was on all force that we saw six months ago or so. this is next incarnation robot is stapgding up and moving. >> jerry pointed that out. piece of video that we saw has like a tail coming up like a pie to supply them with something or other -- >> it can be communication jerry, but -- i don't issue -- this is evolution of the robot and where we're going two this robot recording it on the year on the back with of the are bolt probably not. controlled remotely. >> this wobbles and then it writes itself. keeps going. >> we have -- you know how upset i was from they were kicking other robot that seems mean to me, it is a robot. [laughter]
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fast food workers your day could be numbered in protesting $15 an hour wages restaurants are looking to replace you with -- self-service kiosks, deverly drones, burger flipping robots i'm told all of this is in the works joining us now apple ceo zane who operates 37 apple bees, tell me if you are automating and how. >> well, let me back up stuart if i may say something there's something between ineffective compassion for the worker and totally pragmatic materialism of what the boss is to be. where you can have a medium. we at apple metro by the way we're 39 restaurants now because we have two other concepts that is called pizza studio. we're 39, and we have always resisted automation because in my humble opinion i thought you go to a restaurant for the human interaction. but there comes a point economically in time where you
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have to -- you have to make that decision as can you afford that human interaction visa v. technology so it has been out there for some years. >> are you close to that point to adopt the technology against your best judgment because you've got to for cost services? >> i need to tell you the secret between you and me hopefully nobody is watching. >> we have a fair audience. >> i know you have a great audience. >> yes is the answer. right now as we're sitting here in our tech lab testing tablets. because the tab let it ises -- tablet will reduce the front of the house labor. we have well over 300,000 people that are looking at it. >> they can pay your which can. they can reed or -- order but after that, it is all between you and the tablet which we have resisted but that's available. that technology has been available for years. >> there comes a point in time where you've --
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or you go out of buzz. >> or else what are you looking at? >> in the wisdom, new york state government has decided to give all servers in the front of the house a 50% increase. you talk about minimum wage, 50, 50 a server traditionally makes 30, 40, 50 an hour depending on their tips and they make a standard wage of $5.50 passed december 31st to go to 7.50 an hour. that is 50 an hour. add up 3,000 people out there. 250 times 3,000 per hour. >> yeah. per hour. not per week. >> you're being pushed towards -- >> there are no choices. >> no other way around it. three levels in the food business. quick service which is mcdonald's ourselves casual dining and fine dining. so quick service has moved towards kiosk. they're trying them out right now. they're experimenting they could
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reduce quick service reduce labor by 50%. 5-0 we could reduce our labor starting at the beginning 25%. 30%, don't want it. don't -- well i would like to think that we can be good corporate citizens and look after the worker on the one hand. on the other hand if it means staying in business or not, you're giving no options. >> zane -- and 39 apple bees. >> 39 restaurants two pizza studios. 37 apple bees you were correct and two pizza studios. interesting zane. interesting indeed thanks for joining us. >> thanks so much. >> donald trump out and about boasting about his money. so we're tag a look at just how he spends his money, and the battle continues. do violent video games lead to aggressive behavior? a new study says yes.
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the rest from supporters who want to sender their money to ts billionaire businessman some buy gear so far, about 92,000 dollars raised 42% of those people pitching in, 200 or less. but 100% of donors are asked to certify that united states citizen or o lawfully green card holder and, quote, this contribution is made from my personal funds and is not drawn on an account maintained by a corporation, labor union, or national bank. the first part of that promise appears designed to avoid any conflict with trump's immigration policy, the second part appears to design to show voters that the billionaire businessman can't be bought by special interest. afterall he says he's already been offered millions of dollars by lobbyists. >> i don't it. when you come back to me in two years and you want help for a
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company that you're repghting or a country that you're representing, i'm going to do the right thing for the people of the united states. >> to put the one and a half million dollars trump has spent so far on everything, with his campaign into perspective, a superpack supporting jeb bush is already committed 15 million dollars towards ads only in early states. stuart. >> feater it would be my opinion that the media is doing donald trump's campaigning for him. and i think he's getting pretty good value out of that. >> well look every time he tweets, which is free, we all talk about it. and he's -- getting a ton of -- the coverage that he gets is invaluable. >> that's a pretty good deal myself. thank you very much indeed. see you again soon. thanks. meanwhile a new study is out showing violent games. call of duty may be linked to aggressive behavior. jerry willis are you buying that? >> i'm not. psychological association looked
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at 100 studies they said you can link playing these video games to aggressive behavior but not necessarily to criminal violence. you cannot link them either my husband plays them on and off. not a violent guy. >> okay guy. i push him to the limits he's never -- >> not buying that study. >> another one. it's a new study from the journal of american medicine those who use e-cigarettes four times more likely to start using traditional tobacco. cheryl -- >> study from the ama9th graders in los angeles, and those after 6 months that have tried e-cigarettes started to smock more than 30%. those that were smoking there had not tried cigarettes only 8% so amount of smoke of kids that became smokers this is hookah, cigar traditional smoke products much higher. substantially higher by 300% than those who never tried an e-cig remember you've done
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segments is heated up nicotine that becomes a vapor. so nicotine which is -- consider a drug. >> a system without the smoke. that delivers neck teen to you. that's what an e-cigarette does. >> these kids became smokers actually smokers. >> bad news i don't know what you can do about that. bad news that encourages young people to get the smoke, the real thing. at the same time must be a large number of adult who is have gotten off smoking literally smoking by going to e-cigs that's good. >> a benefit of an adult hooks on them and gets rid of them outweighs the story of a 9th grader that gets hooked on cigarettes because they tried an e-cig that's difficult. >> both sides of the coin but i would come down on the side of legalization and let it go. >> that's -- >> i think we need to know more about the physical implication of using this product because we have no idea what it does to your body. >> smokers -- >> delivering nicotine to you. >> don't now how it impacts you.
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small children are being poisoned because these viles break open and exposed to their skin. >> that's a safety risk to the actual item its. close to the principle of allowing legalization. >> they should be tested i know too many people hooked on nicotine and died. >> cheryl -- >> last point, though, i will say that remember that these are kids that became smokers not only that, but as far as nicotine what other kind of drug use could these kids end up using down the line? these are only in ninth grade. only, not even really into high school yet truly. so where does this go? >> i hear you both of you. thank you. now we're learning that the irs data breach is much worse than first reported. jerry have you got more details on this? >> 650,000 households were exposed to having their information shared with bad guys, right -- >> hold you up for a second. do we know that the information from the 600,000 households was actually taken, stolen and hacked away?
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do we know that? >> don't know hacked away. we don't know but information south there and it has been taken by the bad guys. how, are they going to use it when are they going to use it because you don't know when they're going to take advantage of you. >> sound look blackmail down the road. jerry thank you, more varney after this.
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>> we've never done this on live television before. we've got 30 miles per hour winds. we've got minus 40 fahrenheit and i'm going to stand in 80 minus 80 windchill i'm suing varney for everything he's worth. [laughter] >> which is not much. that was jeff flock he's at the chrysler fiat snow lab where they drop the temperature extremes, and then run cars through it to see how they perform an how did our jeff
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flock perform, not bad. my time is up david is here. david. >> wn you've got the money in for neil cavuto on "cavuto: coast to coast" we have governments getting too involved in markets all over the globe. now, for those who think that a government bureaucrat can decide when and where people trade on markets and if they can stop leaks in a leaky market. take a look at china. they are spending tens of billions of dollars trying to stuff a leaky market to no avail at all. last night, china lost over 6% of its market value in capital markets. fed is, of course, watching all of this, and we're going to be talking about what the feds may do in reaction to what china is doing. but first let's go to adam brandon of freedom works ceo, who thinks that what's happening in china is a clear indication or should be to us about what we should not be doi
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