tv Varney Company FOX Business October 9, 2015 9:00am-12:01pm EDT
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>> just bring your taser. maria: liz macdonald and keith mccollough we'll see you. stevee weobs movie hits the screens tonight. tune in monday morning for a blockbuster program and we'll be talking withe weohn skully, former apple ceo as well as the walking dead actor. and have a great weekend, stuart is now, over to you. stuart: thanks, maria. can you believe this? conservative believes make their stand, but did they just hand the democrats the election? good morning, everyone. who would have thought that politics could move this quickly. in the space of a week, democrats have been handed priceless material, republicans can't elect a speaker, can't run congress. democrats are gleefupri how can the republicans run the country? shocking numbers, the cato institute reveals how much more they make, and 60% more and that's not including the
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generous benefits. how about this? blue skies and water on pluto and colonies on mars 20 years from now? excitement in the space business. and it's friday, look at your 401(k), crack a smile, the dow hit 17,000 and will open up some more this morning. "varney & company" is about to begin. ♪ prepacedent obama is about to overhaul part of his strategy in syria. officials say the pentagon has stopped training sy
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>> the news is just in, an offiom al announcement is cominopen >> thank goodness. stuart: let's get to the markets, friday morning, a terrific week. longest winning streak in a year. chk your 4ay,(40. the dow closed yesterday at 17,050. and we're looking for a gain, 20, 30 points. it's not a loss, not bad. a slight gain. disappointing earnings for alcoa, they kick off the earnings season. and cut the production for china for cars and truck. alcoa is going to open slightly lower. how about oil? it's been on a teare weust like stock this week. $50 a barrel this morning, 50.20 to be precise, yought now what that means? gas prices are going to go up again, they have overnight. and now we're at up 32, that's the national average, now this, i'm gsling to say the g.o.p. is
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in disarray, maybe that is an understatement. the question of the day is, have the repesslicans handed the election to the democrats because they can't elect a speaker? do repesslicans want to fight or do they want to govern? daniel is here, a former member of the european parliament and the author of the book "inventing freedom. & daniel, you bring i'm gsling to say the outsider's perspective here. you're an english guy, you're european. >> i'm certainly not european, i'm british. stuart: you're looking objectively at what is going on. the republicans are in total disarray. they've handed the democrats the election? >> i can't say it. maybe my distance is making me blind to something. i don't see any connection between internal wrangles in the legislature and people choose being whom they want to be in the white house. stuarainl let me spell it out t you. the republicans can't get a speaker, they're likely to have
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this chaos continuing for some time. we're likely to shut down the government because they can't get themselves a speaker. the democrats will say, look, you can't govern, you can't run congress, you can't run the white house, priceless material. >> well, isathink the founders knew what they were doing when they separated the exec1 etive and legislative branches. if i look at the republican contenders, there is a wealth of talent of theght ind i havent seen recently, if i'm honest the last gvera, no. primaries, was fairly certain no one could win. this time it's not the case. there's a rich, throbbinlet cornucopia of different people with different narratives and different ideas. this is exactly what a democracy should be, it should engage and enliven. stuarainl where i'm coming from here, the republicans will get the blame for s conttting down get the blame for this dysfunction. >> i get the impression you've been reading the nurs york times. stuart: cheap shot. [laughter] you see the cojustection, stuar?
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isareally don't. i can liao -- like i say, maybe i'm missing something. you're electing the spy, the commander-in-chief and then there's a separate issue how to put together a majority in congress. i'm not sure it's necessarily a thad thing that pon it's no longer just a kind of playing second fiddle. i think that's a sign of a healthy democracy. stuarainl so youfue got a britih accent, start the show and immediately contest the premise which ifue opened with. 'vaughter] well done. >> we've got to have a revolution. stuarainl you're a fine spest, thank yo "for joining us, good luck, sir, thanks. we'll have more on the republican disarray, that's what i'm calling it. with south carolina senator lindsey grahrom, he's running for the presidency and we'll talk about disarray in the ãthe
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hellary's a, the ack on the bana and sh and higher than private sector employees, from the cato institute. trommy btivece still here. >> do i have any opinions? >> well, there's no st trprise there. >> no, there isn't. stuart: i'm surprised how big the gap is. >> they're better than us, aren't they, they deserve more money because they do more difficult work and they're be, the er people. look, this is the people, the only pon
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>> but that's very small area of d.c., of course, and you talk about the distance between the poor and the wealthy. you see it. gat'erpeopent st tpet to h supe and then those other neighborhoods in washington dich., the tonverty, the unemployment, the abandopeopent that's classic big government work. where everyboo >> and that's ae weob for lidem. stuartc1 >you can't fire pon in the federal government, you can't fire them. ashley: great giopen stuarainl and you can't put a number on that. >> and the mon g they're el,ending and union dues and a section of that goes back to politicians thatght eep raipace those salaries and it becomes this churning thing while everybody else st tffers. i think we need toght ick some butt at some point. stuart: don't use that word.
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>> what, kick? >> one t. ouot very british of me. stuart: your politics confuse moin i naught -- i thought you were a liberal. >> i'm many things bump i'm american fiat. >> oh. aswho g: 15-lat'e. stuart: i want to tell you about the futures, we're gsling to be up not much, but we closed yesterday at 17,050, a fraction higher when we open up this morninopen thy the way, closing at 17,000 means that we're up close to a thousand pslints in a week. dr barton is here, now, you're going to be the killjoy, aren't ãliaou? ãliaou don't think it lastplo >> i don't think it lasts for a number of reasons. the biggest growth we've had all year has come on the heels of improving commodity prices, slil prices so we've got the old miners that have done a snap back rally and oil stocks that have done a snap r wck. look at the leaders, apple,
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amazon, not moving up as strongly, so i don't think wewhee at'er, i think we can hae a rally into year end. i'me weust cautioning pon right nolic this is not the time to jump in when everybody is h, r lia. >> but they say they'ree weust going to give cheap money. we know that now, we looked at the minutes. very don't sh, w that should th markets worry about the liquidity and che, r money? >> it's a pslint well made, ashley. i'm saying if everyone is going to look at the 401(k) and say, l aoobec let's put more money i i say wait for a week or t, thio get a pullr wck and that's when you put more money. stuart: we'll open in 20 odd minutes. now this, oneght courled and th wounded at northern arizona university early this mo abinopen the shooter was taken into custody. the shooting occurred in a parking lot near a student residence,ght nopvthe clear whether the shooter or the victims were students. more on that later. south carolina's governor nikki haley warning of more flos s, thillen rivers expected to
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deliver even more water to low lying and coastal areas. heeal g says that areas northwest of charleston could be flooded in the next 72 houa and could remain flos l! wall street. she wants to fine them, tax them, investigate them. congressman garre, the is ne w sports action last night, this caught my attention, a grounht crew member rushed to cat'er the field in kansas city. ashley: oh, swallowed by it. stuart: watch out, young man, here it comes. let's get to the game because the astros managed to finish the grome despite that swallowing up the groundsman, that's grome one of a fence gro serends. heee's okay that gu more varney next.
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was dro the congressman jason chaffetz is down in webster still in the race and paul ryan says, no, he has no plan to run for that spellrer's job. onm, what a mess it is. to new jersey republican congres2 an sco, the garre, th i'm gsling to get to wall street in a moment. i know that's your area of eght nertise. what are you pon all of this pales in coarison. the democrats have been handed choice priceless issues here,
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and you can't gove ab, you can't run congress, how can you sit in the white house? ãliaought now what's coming. >> ight now what's coming. but it's obviously undue. we had a condemrence yesterday and we're gsling to have a conference right now and, but still, the meetings go on, the exommi, the ee's process contin washington continues to hospital so that's not changed heeere. .> oed y, you serve as the chairman of the subcommittee, chai clan of the st t. weommi, the ee. >> c, rital mall oets. stuart: for the house financial sern't ces committee. heecourlary clintonn attack on wall street, fine them, tax them, et cetera, et exetera. where is she going wrong. do you think? >> i heard your lead in on that, find them, tles them regulate them. >> i think that's basically describes exactly what she's planning to do. fine them, tax them regulate them and this bsis the question, bar any frank, i heard consulted on this, fine
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them, what was the dodd-framal le c1 oles ation fot to h what was th 400 regulations that grew out of dodd-frank fo abi some of them haven't been ipeoprimented yet. and it shows the wrong dwithection. >> part of what they want is a tax on all trades. i realize that hillary clinton is not calling for that spefinafically. what is wrong with a tax of say, 1/10 of the r1 cent on all stock? s that's 3 c1 cong with that? >> a couple of things, first, that's part and the r1rcel, ana ore vloelyi floated around when barney frank was here with the get vel pu, the ing tadeough do> i ssur he had the opportunity if he thought that was a sgiution to the problehar but that's not a solution to any problem whatsoeve abi ãthe r1n a> i itional oux. ãthe r1s you know, that taxes at
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paid at the corporate level. it found its way down to who? the average investor and if we want to drive more of the capi oul markets out of the united states, out of new york, no longer make the u.s. the free market c, rital of the s torld, go the way that barney and hillary want to go in this direction and we cane weust put another nail in the coffin. stuart: if they had the tax, maybe be in s nchanges in diment erent countrends, quite easily. >> it could happen easily. that was the argument on the rest t.lations when you had the multiple hearings. a say ad many s ouke hgide hill you in e the regulations or taxes on us, we'll go somepltuae else. ãthe r1nd r w ab g et al. would say no, no, that's never going to happen. s te've pushed a lot of trades ande weobs oment seas to europd
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asia as a consequence of fine thehar tles them, rsiin mate th. stuart: youwhee my congressman, full disclosure, proud to be one of your electorate. thamal you fore wesliumng us, always appreciate it. >> always a pleast tre. stuart: coming up shortly, presidential candidate lindsay graham. heee says the g.o.p ine that's what he says and wcourl e with us shortly. by the way, the senator's home state of south cargiina is underwate abi he wants emergency aid despite voting down a simcourar aid bco ullter h soricane sandte i'm going to ask him about that hat' ♪ is it the insightful strategies and analytical capabilities that make edward jones one of the biggest
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>> you are looking at authorities in arizona updating the public on the shooting in the northern arizona university where one person was killed, three were wounded early this morning, the shooter, yeah, was taken into custody. it occurred in a parking lot near a student residence. it's not clear whether the shooter or the victims were students. we don't know that at this point. look at dow futures, we're almost flat. we've had a great week. the dow crossing 17,000 yesterday, just after we finished our show and, yes,
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we're going to go up a little bit this morning. i'm going to call this a flat opening, but no retreat after the wonderful gains that we have seen in the past week. now, this. nasa confirming that the planet that will be pluto, not only has expansive fields of what is called water ice on the surface and also blue skies. you know, space has become exciting again. ashley: it has. nasa went for a period, people said what are they doing? how can they justify the funding? it's a whole new era and thanks to the probes and spacecraft that have gone out so far and finally start to bring back incredible figures. look at that, that blue haze is actually blue skies. and they had no idea it was there. as nasa says, that's an absolutely gorgeous feature. they've got ice on the planet, they believe there could be an ocean. here is the kicker, the ice is red colored, but they don't know why. stuart: what, we're going to go and find out.
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are you excited by this? it's beginning to turn me on, i've got to say. >> ice water, we don't know what it is, ice water-- >> water ice. >> the sky is blue though, and shouldn't it be red it it's reflecting. we think we know and then there's a nice surprise. stuart: there's more on this. nasa plans humans living and working on mars in colonies entirely independent of earth. >> this is their plan, build stepping stones from earth mars, deep habitation and you hang out for a while until you get to mars. first one is earth reliant and second is proving ground and third by the 2030's, earth independent and that's plan. >> as long as you don't need to
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learn chinese when are' there. >> there are young americans that could be living and walking. >> i want to be in charge though. it's not enough to be there. we've got to control the high ground. this cannot be forgotten. >> there's going to be a walgreen's there. >> come on, a starbucks is going to be important. stuart: settle down, everybody. we spend much of the week on 17 k watch, yes, we did. and the dow finally hit it. some worry that a bad earnings season could drag it back down again. when the bell rings in a couple of minutes from now, we'll find out. urban outfitters, a troubled teen retailer asks their workers to work for free, calling it a team building exercise. more varney in a moment.
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at ally bank no branches equalsit'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. >> i'm not sure it's necessarily a bad thing that you have people taking congress seriously. the issue of who becomes speaker and what agenda they will advance matters that much, you know, it's no longer just a kind of playing second fiddle. i think that's a sign of a healthy democracy. >> that was daniel hannan, top of the hour and he disagrees with my premise, which is that
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the democrats have just been handed the election next year because of the republican disarray. he disagrees with all that. ten seconds to the go and the stock market will be opening up this friday morning, closing yesterday at 17,050. likely to open flat to ever so slightly higher. that's the reading from the futures market. and the trading session has begun. where are we? up five points, ten points. it's not a huge rally right from the opening bell, far from it. flat to slightly higher this morning. ashley webster is here and so is larry bruce and dr barton here. oil now before $50 a barrel and the dow above 17,000. larry, what's going on? >> oh, we've got some rallies for sure. rally in commodities and equities at the same time, stuart. we didn't see a lot of that over the last several weeks and the longs, bullish out there. coming to this friday. i think we'll stay above 17,000
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on the dow, a long way to go in the record, 18,000 with the dow and talking about that for a while. the s&p 500 record is not that far away. it wouldn't surprise me. that's a big rally, but wouldn't surprise me to see that the end of this months or next move. and certainly, that's the situation and i think we will see a new record in not too long and the bulls are happy about that. >> don't worry, larry, we're not going to buzz you because you use the word fed. buzz him. stuar stuart:-- [buzzer] >> i'm a trader, trying to watch my risk. i'm a trader. stuart: my heart bleeds. disappointing profits from alcoa, disappointing profits. more than that, they said that china's production of cars and trucks are slowing down and not good news for the global economy and not good news for alcoa, down 2%.
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what do you make about that, the bit about china? any impact on other stocks? >> i think that everyone that is selling into china, we've got to remember the only 7% of our experts go to china. alcoa is a little bit more so it will impact them much greater, but for the whole u.s. economy, only 7% of our exports go there. alcoa had a bunch of problems and their selling, 25% year over year. >> those are problems specific to alcoa, not to all companies reporting earnings in the next couple of weeks. >> i think it will take more trickle down. >> larry levin, if we got an accelerating slowdown in china, why is oil doing what it's doing, $50 a barrel? >> i think the risk with oil there's a lot of short people out there. short positions on oil and have all the way down and up. so you're starting to see a few
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people jump out of that position and bringing buy orders into the market and everybody is worried that opec is going to keep supporting prices and step in and do something, not just news, but talking about it that makes the markets move higher and then technically it's really moving higher as far as the chart is concerned. >> i'm disappointed, i want today stay below $40 a barrel oil and buck 50 gas by christmas. it's not going to happen. >> look, the interesting thing here is iran's involvement in syria, saudis have not been messing with it. lower oil prices will restrain russia and iran. don't expect that saudies want the price to go up. stuart: netflix, please, you're going to pay more for your subscription, down about a buck, that's all. >> the standard plans when they go up a dollar from 8.99 to 9.99 a month.
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they telegraphed the rate hike for some time. it was going up by europe, they say it could estimate 800 million extra a year. buying tv content, movie content. original programming is expensive. all the analysts from what i can read like this deal and make sense. >> move onto another retailer, this would be the gap. a disappointing forecast and the sales are down as well. nicole, on the floor, gap stock please. >> this is an ouch kind of story, the stock down 7%, hits a multi-year low. they have the gap, banana republic, sales down 10%. that's where it hurts. old navy up 4%. you know what the insiders are saying, the quote on the market watch. inventories are fat. in other words, they have too much inventory and going into the holiday season, the stock
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is down 30%. and the old navy going over to ralph lauren. >> don't forget that. well, i want a new pair of jeans and looking for my discount at the gap. stop laughing. don't forget to tune in every weak day morning 5:00 eastern time lauren simonetti and nicole petallides will take you through it. 5 a.m. eastern. check starbucks, a new all-time high. i think it is at 59, i think it is. dr barton, what do you think of starbucks? >> they do a lot of things well. they announced apple pay with apple coming in. stuart: let's be clear. i've got my little apple and i flashed it in front of the-- what do you call. ashley: apple pay. stuart: the terminal, bingo, i bought my $4 worth of coffee. >> it's exploratory, it's not in all stores yet. apple has been a disappoint so far, 2015 was supposed to be
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the year of the apple pay, despite the fact that-- >> starbucks. >> just downloaded the app you can do all payment, on-line and do it at the terminal. you can do it through your card, their card. and they can get to the starbucks, addicted, and pre-order, they'll charge your card. >> it's waiting for you. >> great stuff. we talked about starbucks being a technology stock, they have been moving their payment all of their payments a third now on mobile pay. to make it as easy and as fast as you can. stuart: i'm interested about apple. they're lounging around and used to be the stock to go to and now we don't mention them. >> wow. stuart: well, we just did, but you know what i mean. urban outfitters, that's a teen
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retailers, it's asking salaried workers. that's the important point here, salaried workers to volunteer for a weekend shift. it's a team building experience. what do you think. >> let me tell you, i think this is, if this company is in trouble, if they don't have the money to pay workers, it's outrageous, executives should maybe work for free on those weekends. this is, the team building is to make sure you have a company, people who you've hired can trust and get the right paycheck. if you don't volunteer maybe you're the first one to get laid off when that happens? this is inappropriate. you make a commit commitment to a company to provide a service, you should be paid and it's their fault and should make up for the difference. >> the can p-- the company is in trouble. >> quickly to the big board. almost at 17,100, oh, the market moves. you've got a couple of picks,
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number one electronic arts, what's that? >> they're beginning the gaming wars and moved successfully from boxed game to mobile and now 50% of their sales are on mobile. the big thing coming up, they're going to have a huge marketing push for "star wars" battle front. with the movie coming out they'll get free publicity with their game and they went live data for this and sales are going to come up starting in mid november so they've been stronger than the market and had a great year already and i look for much more upside here. stuart: okay, you like electronic arts and you hate gopro. >> we've talked about this and people might start bottom picking, it made a new all-time low yesterday and one of the things we've got to watch out for are weak potential holiday
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season. gopro has no new product coming out and suppliers are saying the orders are down for the quarter. stuart: three people in front of me, how many of you own a g gopro. >> do you? >> no. >> no, but i'm a gamer. stuart: i didn't know you were in that. >> it's very relaxing, you can go into europe and i got gandhi to declare war. ashley: it takes you away from everything. it's at 92 and down a little, they're testing what's called a more expressive like button. it's not a dislike button, which caused a lot of-- you know, consternation. >> nobody here has a problem with because the button is--
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leave it to facebook to reduce human behavior down to six emotions, very interesting. >>. stuart: i think that fantastic-- it's a fantastic company. >> the use of information. >> and monetization. >> and the way they've monetized mobile, big deal, they've monetized mobile so well. stuart: we don't have time to alert the trumpets, but the dow industrials are now 17-1. look at that. >> it's "varney & company." ♪ >> yesterday, it was the gretchen carlson rally. we're not going to call it a tammy bruce rally. >> no, no. stuart: laptop sales are down for the first time since 2013. this is a share ashley away from laptops to phones.
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>> and some have it down, but this is an overall trend in the industry moving down. they're going to bring out the ipad pro for commercial purposes, but also, the mac book and i-mac sales as well the they're still the top seller in that field. only overall they're falling, but apple is strong. >> i'm thinking about buying a desk top, am i neanderthal. >> if that's all you need. let's be clear, pc sales have been going down, the first year that the mac sales have gone down and the pc sales are going down faster so mac has-- . renown renowned steven hawking says that robots will not destroy the world. it will be income inequality,
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and the owners of the robots. >> we've had for the first time worldwide poverty, extreme poverty down below 10% because of capitalism and freedom, because of business, small business, and mr. hawking, look, we can hear from him because of the great inventions brought to you by inventors and capitalism and the market place. he should be the last one speaking and condemning capitalism. >> do you see that, comes out and kicks the robot. >> it just proves that they can be wrong sometimes. >> it's like animal abuse, isn't it? >> the executive producer of the walking dead. that's one of the most positive in history, david alpert will be with us. look at the market please, we're up 50 points, 17,102. i wasn't expecting that. 17-1 already, how about that? news from capitol hill, here it
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is, jb telling the republican conference that he still hopes to leave office by the end of the month. that's up to you. now you know. check this out, a plane nearing hitting cars, the full video next. and ben carson venting to me about out of control spending by the democrats. more varney next. 100% efficient? what a bunch of crap. can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. is it keeps the food out. for me before those little pieces would get in between my dentures and my gum and it was uncomfortable. just a few dabs is clinically proven to seal out more food particles. super poligrip is part of my life now.
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quote
>> that was good anticipation. >> that's something else. we thought we'd show you that on a friday morning. check that big board, please. we're up nicely, 17,100 that is where we are. oil is moving and maybe that's not more to do with the stocks. ruby tuesday, know them well, disappointing numbers and down it goes. well, i sat down with ben carson yesterday, presidential candidate. we talked about government spending, roll tape. >> anybody who tells me, you can't, like nancy pelosi, you can't reduce by one penny or it will be a complete disaster because we are 100% efficient. what a bunch of crap. stuart: he's got a soft voice, but he tells it how he sees it, does he not. here is democratic strategies.
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[laughter] i'm just saying that i think we need to have an honest conversation about a, the environmental concerns and where we're moving in the world in terms of energy. stuart: did you just diss ben carson completely? he's talking significant cuts by department, by department. capitol you, i like the penny plan myself. cut 1% per year out of the budget of every single department because surely you can find 1%. >> i'm sure you can. what ben carson said, not only was his tone unexciting if unexciting is the way to say that, 3 and 4% is not 1% and he's completely indiscriminate. and i rarely agree with chris christie, but chris christie came out and said where are you going to take this from, you might cut programs that we need and chris christie put forth a
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plan, raise the age limit. let's means test it. and there are pefwealthy people who don't need to and they could-- >> ben carson, it's great sound bites, but doesn't make me think he'd be a great president. stuart: i think you could find 3% waste in every department. >> i was talking about the-- >> see that clock right there, it says out of time. >> is it because i was getting too liberal, out of time? >> jessie, thank you. coming up we've got a terror expert, he warns. >> it's not a warning, he says isis could soon crumble if america gets with russia and goes at them together.
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come on in, joining us from london. sir, what information do you have that says that the russians and their bombing campaign has seriously depleted isis forces? >> i don't -- i don't think that that is what i said. isis has been weakened primarily by coalition air strikes, but also by ground attacks in the past, but like any other organization, when it's just subjected to air strikes, it can strike back given territory and time. stuart: are you saying that if america teamed up with the russians, coordinated with the russians, am i saying i'm right you believe that isis could crumble within hours? did you say that? >> welcome, i think this is a
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slight of outcontext quote, but i believe that, yes, should the international community team up together and they attack isis as part of it very clear and singular political and military strategy, then isis, as we know it, could be eliminated as an ideological movement in the sense that we know it in a matter of hours. the reason i say that is this: all ideological movements have something to do with success. when you look at communism, when lennon took the idea of communism from marx and in terms of the simprovement 75 years later, they crumbled. and 9/11 was a prime example,
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but since then they weren't able to repeat it so they longer exist. isis is a territorial movement-- >> you want this, you want isis it crumble and you don't mind how it happens? i think that's a position held by many, many people. i think that's your position, correct? >> i don't think that's true, how it happens. i think that, yes, i don't suggest that i want isis to survive, i think it's a huge threat to most people in most places and all i said is that based on its concept, and ideological movement. >> that's right. i'm terribly sorry, i'm right up on a hard break and i've got to go. i do apologize. thanks for coming on the show today. we appreciate your point of view, thank you, sir. i hate to do that, cut a guy off in his stride, but i've got a hard break coming.
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we'll have more and politics in just a moment. corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. ..e it's a brighter day in detroit. people can see better when they're out doing their tasks, young people are moving back in town, the kids are feeling safer while they walk to school. and folks are making investments and the community is moving forward. 40% of the lights were out, but they're not out for long.they're coming back.
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>> here is the big story. maybe we should sound the trumpet because the dow jones industrial average is holding well above 17,000 and we have a woman on the show today who says things will good for the rest of the year. trumpets again please. congressman kevin mccarty dropped out of the race for house speakership, john boehner says he still wants out by the end of the month. chaos. is this a gifted democrats or what? wall street that huge success, new season kicks off sunday night. we will ask the show's producers will it be in the tv ratings the nfl and baseball players which are on at the same time. nypd detective bo dietl teamed up with former clinton adviser lanny davis to sue the ford
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motor co. for slander. together on this set, can you believe it? "varney and company" our two starts now. it is not a huge rally but is enough to put the dow industrials at 17,100 almost. in a few minutes we will be joined by a bull and sees a strong quarter coming. disappointing profits from alcoa cuts its outlook for china's production of cars and trucks, good news for the global economy. vw is a winner, higher sales give a 10% boost, 29. will be tuesday, disappointing numbers and that is a new low, 8 is down 13%.
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sun trust says by it. apparently people are. 39 that stock. starbucks hitting a new all-time high. i think that is an all-time high, up a little bit this morning, oil round about $50 a barrel, $49.88, $50 a barrel. the price of gasoline, a gain overnight 232 is your national average. the gas buddy, the guy who forecast $2 a gallon by christmas joins us in the next hour, prices still going up right now. big change strategy in the middle east, the pentagon ending half a billion dollar program to train and equip syrian rebels. the program has not had -- taking out isis in syria. of the hearing anything more? ashley: comments coming in saying we are not giving up on these rebels, we will continue to support them but the
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underground training has not produced any results. they're being trained to take on isis but in many cases they are taking on the bashar al-assad regime. it is chaos on the ground as you could imagine is the training itself has not been effective. the latest word from the administration is we still back then, want to get bashar al-assad out but we are focused on cackling isis. the complete can cost and lack of strategy to be effective in that region. stuart: vladimir putin is organizing a ground war and where do we go? let's get to politics. our next guest says marco rubio and carly fiorina are lethal to the democrats. really? joining us is a democrat who calls himself a conservative democrat. i think he is a plant. you are. that is exactly what you are. you are a top clinton fund-raiser, you not? >> i raise money for hillary clinton. >> now you are saying marco
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rubio and carly fiorina will nearly hurt us badly. >> marco rubio is young. stuart: you don't believe that for one moment. you want to pick off the republican candidate as you go along. you give money to the democrats, you always have. you are just setting up republicans to go after them. that is what you are doing, isn't it? >> i think hillary clinton is a very good person. she has gotten bad press but if you meet her up close and talk to her you will find her to be a very warm and kind individual. bernard: i don't deny she is a good person personally but what on earth is she doing, secretary of state have a private server in the bar of her estate in chapa guana which could be hacked by the chinese, russians or anybody else? >> i think -- no one is perfect. i think she recognizes she made mistakes.
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stuart: she has no experience. was the first lady and secretary of state, public life -- she goes out and gets a private server? >> nobody is harder on hillary than hillary. i think she realizes she made a mistake and she would have done it differently for sure. other people have done things like that. john boehner has used personal e-mails and other people have done things like that. stuart: satellite shots of north korean missile replacements, not doing that. >> she has learned from that and i think no one is more experienced than hillary clinton to be president of the united states. edlund using marco rubio and carly fiorina are the big challenge for the democrats? >> i think that carly fiorina could be a challenge, she is a woman, she presents really well, she is the master sales person, but she is not able to execute. look what she did it hewlett-packard. stock went down 55% so that if
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her weakness. marco rubio is a youthful, latino, comes from florida which is a critical state, and he speaks of change. that is what is troubling to the democrats and the hillary clinton campaign. because the american people want change. they really do. unlike other nations that vote for people who address their anxieties, italy goes through government regularly, israel deals with their exists, the united states is the land of plenty. the united states hear people want change and that is the problem with jeb bush and hillary clinton. hillary clinton does represent change but she is not able to communicate it well yet but i think it will come out more. stuart: keeping money flowing to hillary. ashley: what about joe biden? >> he hasn't done well. he has tried twice to run for president and it hasn't worked
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out so right now he is popular but hillary has the organization and i think she is going to get the candidacy and i am not sure joe biden will throw his hat in the ring. a lot of people are hoping for that but i don't think it will happen. stuart: i withdraw my comment that you are a plant. you are indeed a conservative democrat. come back and see us soon. joe biden declares this weekend, you are back on monday. john boehner says he still wants to leave office. leave office by the end of the month but he just told the republican conference, quote, it is up to you. what more have we got on this? he wants out by the end of this month. liz: paul ryan, no evidence at this hour whether he will accept the position or the nominee as speaker. here is the deal, the debt ceiling deadline when the government is out of money
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november 5th, in the middle of this chaos that decision coming in december. if there is chaos by the end of the year -- stuart: if you don't have a speaker in place what do you do? the government running, we have -- liz: you have to have a speaker in place. stuart: government shutdown looks very likely. liz: you have to have a speaker to do that. ashley: paul ryan is intense, you will buckle and do it. stuart: let me get back to the markets. that modest rally has all but disappeared, still at 17,058 to be precise, we were up 40, 50, now we are at the points. that is where we are. coming, chief market analyst for the oil wealth empire, ross gibbons, that is not you, is it? ross gibbons is over is there. again man sat on the set.
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it is friday. you are big time -- i am looking right at you. you are a bull. you think we will have a strong quarter, the quarter we are now in. we think this rally continues, correct? give me a story and tell me why? >> they had me back a long, the bears love to come out once the market's collapse. we are bearish. they have been short and stayed out of the market and miss the 10% rally to the upside but if you look at the market strategists, average prediction hallmark it, recently lowered their year end target but it is still around 2171 for the s and p. we are hovering around 2,000 right now, very crucial point for us to get above, closing above 2,000 yesterday. of we run the average estimate, 2170 one, we have probably a 7% or 8%, fourth quarter to look forward to and that will be impressive. stuart: you are not worried about the federal reserve
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raising interest rates, not worried about earnings reports, alcoa wasn't real good. that doesn't bother you at all. you are a bull. >> absolutely. the thing about the interest rates, if janet yellen does decide to raise rates which i don't think she will, we are talking about a quarter of 1%. this thing has been priced into the market for the last two years, earnings looking strong with a couple small exceptions and the market is trading 16 times earnings, not inflated especially given the interest rate environment, it is the right time to buy stocks. everyone is going to be really regretful, and pushed the index. stuart: ross gibbons, thanks for joining us. a conversation about the fourth quarter, the dow industrials turned negative, we are down four points, 17,045 is where we are. the highly anticipated movie
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steve jobs hits theaters today. the widow of steve jobs is one of many people who obviously knew him slamming the film, kevin mccarthy is a film critic. so the controversy often helps a movie. >> of course it does. this is a film, what they're doing is taking many elements of story lines into a three act structure. you're dealing with fictional qualities in a nonfiction environment with real people. danny boyle directed slum dog millionaires, the cool thing about it is the three act structure, the mcintosh and the next one with 88 and be -- this is what danny boyle did. the shuttle school 16 mm film for 84. reddick 35, and 88.
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the quality of a film gets clearer. it is still cool. and inside thing. the movie itself is brilliant at steve jobs, kate winslet, joanna hoffman, jeff daniels. stuart: address this. steve jobs's widow says she didn't like it, she's not happy about the way steve jobs is portrayed and he is portrayed as a nasty vicious brew will guide. >> walter isaacson's book. movie did not paint him as the best person. at an end of the film he says on screen i am poorly made. stuart: the genius that he was, mover and shaker. >> you get the qualities that the film is a fair portrayal of who he was. shows the bad and the good and the genius but you get a fair portrayal. stuart: it is a biopic. >> the three act structure, is -- an interesting -- stuart: if one is terrible and 5 is fabulous.
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>> i think it is -- best picture nomination. it will be one of the best reviewed movie of the year. i loved every second of it. stuart: you are all right. >> love your set. stuart: glad to have you. walking dead blocking the trend in the new age of streaming, it has become a part and television. huge ratings, big money, people tune in to watch it specifically. one of the producers behind the show joins me next.
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the walking dead, new season debuts and a night. it will be against nfl football and baseball playoffs. joining us the executive producer david albert, welcome to the program. you are here in new york for comicon. explain to our viewers what is comicon. what is it and why is it such a big deal and what is the connection to the walking dead? >> comicon isn't a fan experience where fans of all different genres whether comics, video games, any pop culture comes out to celebrate everything they love about their favorite -- bernard: when do they all wear costumes? >> a lot of people do but a lot of people just bring their kids or families, great opportunity to interact. stuart: what does the walking dead have to do with it? >> it is based on a best-selling comic called the walking dead. weakness season 6 premiere tonight at madison square garden. as a native new yorker we are playing madison square garden.
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can i say it is a subculture? >> used to be a subculture but now is culture. stuart: they all get together, they'll dress up, fans of various characters, they walk around in character, like a freshly formed family. is that it? one of our producers said it is a tailgating party for geeks. >> i would say it is a tailgating party for fans. all of us have things we want to emerge ourselves and whether it is sports or video games and it has gone from being the thing you watch and play at home to something you do live with your friends. stuart: i admit to you during the commercial break i have never seen a single episode of the walking dead. you were not allowed to walk off the set. i have seen the first 20 minutes of the first episode. it is not my kind of thing. >> you don't love great programming? stuart: you can come back if you are as good as that.
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it was very well directed. it is the whole premise of it, the walking dead, that is what i could not wrap my arms around. >> luckily most of the world disagrees with you. stuart: new season sunday night. you beat nfl football? >> i like our chances. stuart: you do? okay. and what is new about the new series? can you reveal anything? >> the new season basically for the last, watch a show, we have been on the road for five -- stuart: can you ever forgive me? >> never forgive me but i brought you some dvds. they finally found some peace in alexandria and went to a safe haven. a little bit of a pause, like the walking dead nothing is ever
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as it seems and there are bigger and more exciting things. stuart: do you write this stuff? >> i don't. of the wendy's said around with people and say where do they go next? what will happen next? do you do it like that? >> the best part is we have a best-selling comic book called the walking dead we base everything off of so we know going in we want these three or four major tent pole events and our great writing team says okay, we don't want people to know what is coming who have read the book so we will -- it gives us some great opportunities. stuart: it is the huge ratings hit. put out by amc, you are the executive producer, one of. who makes the big bucks on the walking dead? >> definitely not needed amc me is doing great right now.
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stuart: you are not getting -- >> any big stars get killed off? spoilers. >> nobody on the show is safe. stuart: brilliant not answer. it is a pleasure, thank you for joining us. ed snowden and gerard depardieu, bose directing their hatred at america. my take on that is next. ♪ hi, tom. how's the college visit? does it make the short list? yeah, i'm afraid so. it's okay. this is what we've been planning for. knowing our clients personally is why edward jones is the big company that doesn't act that way. technology empowers us it pushes us to go further. special olympics has almost five million athletes
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software firm to investigate fraud, using aggressive tactics to get information and he has teamed up with former special counsel to bill clinton lanny davis, suing ford for slander. what a story. perfect together, the real life odd couple in ten minutes. a man who betrayed america and fled to russia wants to come back. another man who fled his country for russia feels the need to spew hatred for america. both of pathetic. start with ed snowden, the great betrayal. he was a security consultant who went to russia and america's secrets with him. do people have the right to know what their government is doing? that is what he said. he spilled the beans to foreign dictators. he has been in moscow for years but has had enough. he would do prison time if you would just let him return.
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get lost, and joy that russian winter. then there is gerard depardieu who starred in an agreement, about a french and desperate to live in america. vladimir putin gave the mets have scored. he has turned on america. the u.s. he says, the people who have constantly destroyed others. but he is not living in russia. he is living in italy and you wants to move to belarus. ed snowden betrayed us. gerard is a full. what they have in common is both have given that caters more reason to hate and hatred is directed at america. i will say this into these two as i did to pierce morgan. there are two gees in bugger off. we've got trouble in tummy town.
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stuart: we are back up, not by much but enough to put this at 17,068. the gap, disappointing forecast and sales dropped down 8%, disappointing profits in out, down 5%, big-name company down 5%. vw going the other way, better sales at its porche unit. starbucks the all-time high, 5989, backed up little bit, all time high territory for starbucks this morning. the transportation company, big winner today, danish rival, wish i had seen that one coming.
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i am describing this as disarray in the gop, chaos, a great for democrats. am i totally wrong on this? republicans handed democrats priceless material to go after republicans in the election. what say you? >> they capitalized off of dysfunction for political purposes, more than a year from the election and i do not think this would be an influential heading into the presidential election. the house is always in disarray. from different congressional districts across the country representing the american people so there is going to be a difference of opinion and audiology.
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stuart: you can see what is coming down the pike right at you. those republicans can't even run the house of representatives. how can they run the white house? if they're dysfunctional, chaotic, the joy of the with 218 votes. you and see it coming. this has no impact on the election? >> i think it will have an impact more so in house and senate races across the country and primary races more so than presidential election. democrats have their own problems on their hands and i don't see this being an influential factor year-and-a-half out. a couple months before the election potentially this would be a bigger deal. will have to be someone like paul ryan, that both sides are
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able, a little more palatable to different parts of the party. stuart: i suggest the conservatives, the freedom caucus has to compromise and where do they do or not i don't know but i think they have to do that. i am sorry, i am out of time. i am sure we will get back to this momentarily. how about this one? we promoed the odd couple. here they are. bo dietl is suing a the ford motor co. for slander saying they used investigative tactics that were aggressive and look who bo dietl hired as his lawyer. i can't believe this. lanny davis of all people with that is why we call them the odd couple. bo dietl i always think of as a conservative kind of guy and lanny davis the liberal. uberliberal. we will get to you later. what are you saying ford did
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you? >> one of the great software companies, every major car manufacturer uses their software, 15 years, paying their feed. all of a sudden last year it they decided we are not going to use your software anymore, we developed our own. software is very similar so we conducted an investigation. they said we had this chinese law, point investigations. i have been in business 30 years, i use the finest high grade detectives in the world and we goes there, learned their customs, interview a lot of people of indian descent, take your shoes off, whatever makes people comfortable. board comes up with a lie to the court that we pushed our way in, i got so pain-free i hired this guy over here. my reputation is right here. if they can lie about that all we want to do is find the truth
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and we found the truth when one witness told us he worked on both things on both sides of the deal. what you have is big bad ford thinking they can take on bo dietl. stuart: can you see lanny davis going in front of the judge saying my client bo dietl, humble, simple man has been aggrieved by this wicked -- >> my reputation is everything. 30 years diamond business, someone lies about my company when we are conducting all want is the truth and we are finding out they told the employees not to talk, if you are not hiding something wire you instructing -- stuart: an arm and a leg. >> he does need a lawyer because he speaks so well without a man be so wrong politically and so right about this case? of the fact is bo dietl is a professional with a renowned reputation and ford put in sworn affidavits containing lives and fought it could get away with
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that by hiding it behind immunity given lawyers to file anything including slander. we are both working -- can we do anything about this? as long as they hide behind legal papers we can't. we are going to court asking the judge to strike and the clear what ford said is false and i am going to have bo dietl on the witness stand. stuart: you are the odd couple. i couldn't believe it when i was told you going -- >> hillary's inauguration, the news is developing, state and, i mean, he and i are opposites. stuart: your response to that? >> he may still have the seat when she is inaugurated but he is quickly losing it. she will be the next president. stuart: i am not being pejorative, i thought of you as a political attack dog. i mean that in the nicest possible way. >> i am now bo dietl attack dog.
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>> one of the finest i ever met, when he showed this case honestly politics aside, i can juggle, this is something i am proud that he is my lawyer. >> we were in court together and the judge did you guys are supposed to be on the same side. stuart: i just got the queue, we have 20 seconds left, the twenty-second are yours and if you wish to insult me the last 20 seconds you can, the floor is yours. >> i love when you ask me tough questions as long as you let me answer them. there you go. stuart: that is wishy-washy response. >> my shot as much as it is fun to be with bo dietl this is very serious, ford all-out lies against professionals, former law enforcement officers and we are asking the judge to correct the record. stuart: i think that is it. by the way we did reach out to the ford motor co. for a statement. they said they would get back to us once they read the lawsuit so
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gentlemen, thank you. take a look at this. i will call this a close call in costa rica, a jet going from madrid to san jose narrowly misses scamming highway. look at that, that is pretty close, people on the ground say they could see this groups in the plates on the side of the plane. the airport claims it was a routine landing. you and i can agree on that one. it is time for the sector report. cheryl, you are there. cheryl: i never get 20 seconds to say whatever want to you but maybe i will get my chance in the next hour. i am looking at energy, oil is a big story with oil going over $50 from big energy companies a mixed bag but why are we watching the sector? it is jobs, not just stocks but jobs, the economy, manufacturing, all the companies are a huge part of what is america and particularly the drilling story which is another big story out of d.c. summit is
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all about energy and the stocks. stuart: america is all about lawyers. we are a society under the rule of lawyers, not the rule of law. i say this with lanny davis, he is sitting here and i got my shot in. john stossel's big special and censorship in america, one of our favorite guests, mark stein, who was sued by canada's government for its free speech, he fought back and won. john stossel is up next to tell us the story. >> it is the mean thing to say, but why should we not be able to say mean things? john: he fought the government in court and won. >> these laws have no place in free countries.
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nicole: i am nicole petallides, dow jones industrial average up 37 points, winning week on wall street, the dow was up 3.7% and the isn't the 500 having the best week of the year, down movers, of the leading way for microsoft and caterpillar to the downside. apple coming to starbucks, another lifetime high, apple, able to go there instead of signing using cards or use your apple iphone and soon your apple watch you wait in front of wireless technology. alcoa has come under pressure down 5.5%, they cut their
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forecasts under pressure. we want you to start your day every day on fox business at 5:00 a.m.. lauren simonetti and i, "fbn a.m." giving you all the news you need, all the breaking news. 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: one of our favorite guests on "varney and company" is mark stein. mark was prosecuted by canada's bureau -- >> human rights. stuart: they prosecuted him because he criticized islam. mark spend his own money to sue and he won in court and won the right to speak freely. so censored in america is the theme of john stossel's special this weekend include all this material about mark stein. welcome back, good to see the john: not only spent $1 million to defend himself so he could criticize islam but also risked his life. one of several people who take risks most of us don't to say it is wrong when there is one religion you can't talk about. stuart: your show is one hour long, you deal with mark stein, presumably you have other examples as well. john: we go to college
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craziness, safe rooms you run and hide from scary ids. stuart: explain this one. i know there are such things as safe rooms. john: runs to the college and says we are not sure there is sexual violence going on, and you don't want to hear this and if you are so upset we will create a space room with pictures of puppies and cookies and -- stuart: when it is not true. are you serious? john: this was the new york times op-ed describing the safer matt brown university. students are free to have any kind of sex they want, stay out, drink whatever they want, but whatever substances but they must be protected from scary ideas. stuart: that is incredible. i did not know this. i did not read the new york times editorial on this. >> even they see the absurdity.
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stuart: shock me again, give me another one. john: they have read speech zones on campus, tiny spaces where you are allowed to see what you want and people try to go there to do that endicott is bear watching, looking for hate speech. stuart: this is all about political correctness, isn't it? john: the left took over the schools and certain arguments are done. if you talk about them you are hurting me. it is now an aggression to say melting pot on some colleges. america is the melting pot because that denigrate other cultures. stuart: this is incredible. john: as mark stein said you doing on the show. you say nasty things to people and you should and we have good debate can and and where you are not free to have those debate in part of the islam world people debate with guns and the headings and shootings, that is much worse. bernard: when you cannot solve a
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problem, can't get to grips with the problem if you cannot speak freely about it. in american today we are not getting groups without problems. john: one life example wisconsin, they raided homes before dawn, police with barricades waking people up because they practice politics, limited government people they didn't like. this breaks campaign finance rules. we want your computers and you may not tell anyone, they haven't shown -- jane doe law, the neighbors saw cops there. why were we three hours late? are you of criminals? i can't say. stuart: i am going to watch this, your latest special airs john: 8:00 that day. bernard: when the tenth of october 8th:00 at night on the fox news channel. i am watching, thank you very
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much. up next cheryl casone takes a ride on a big pink plane for a good cause. we will explain. with a new season of the walking dead kicking off this weekend we have a zombie seemed trivia question. which cable network passed on the show because they thought it was too violent? [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan,
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ashley: we asked which cable network passed on the walking dead because they said it was too violence? the answer, each the 0. they never had any violent programs, they obviously missed out on a big opportunity with the walking dead. almost everyone had their life impacted by cancer in some way. many want to raise money to find a cure but don't always know the best way to do it. cheryl casone went out to look at a unique way one company is raising money for breast cancer awareness. >> october's press cancer awareness month. one in eight women will be diagnosed with breast cancer this year. how can you help? an idea for you. fly private. you're giving a lot of revenue to breast cancer research in a
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specific spot. >> october's press cancer awareness month and we are looking to create awareness, our membership is $17,500, we are taking $500 for the projected 125 members and going to donate that, that is $60,000 for the month of october. cheryl: i assume it costs a little money to paint a plane pink. you are keeping this plane pinks, not like you're going to revert it. >> we want the pink plane to be a flying symbol of breast cancer awareness all year round. one in eight women have breast cancer or will deal with breast cancer in their lifetime and we feel it is a small thing wheels up can do to beware as to this cause. cheryl: do you think this is where we are going? i hate to fly commercial. when i get on the plane, is this what you think we are going to do? get away from commercial airplanes and start to go --
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>> somewhere between that and the jensens. do i think the whole world will fly privately on every flight? no. do i think more people will apply the-fly privately? yes. it has been a dream, flying dream but we are strapped in and looking forward to the future. ashley: having fun, strapped in and raising money for a tremendous goal. do is literally jumping aboard this program and how much money do they have to raise? cheryl: wheels up, good for them, they looking to raise $1 million over the next year going toward specific cancer research center in manhattan at mount sinai. cancer is everywhere. we have all been affected and you hope they will at least get the money raising. as far as the company, a lot of celebrities why on wheels up, they charter the planes, the nfl side reporter, aron andrews is a big customer of wheels up as is
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serena williams. also somebody who takes it and the gentleman i was interviewing to warren buffett, has done it before and we will see how the company does it. ashley: let's look shares of netflix. raising price for new customers although they are grandfathering in stock down a little bit in this market essentially flat, hoping to raise a lot more money by charging more. could this backfire? cheryl: the question has been raised, netflix will raise annual membership, right now is a dollars and $0.99, they will take a to $9.99 for new members and if your grandfathered in an already have netflix your rates goal of a year from now. they're testing it to see if people have the appetite to spend a little more. ashley: analysts say they like it. the feedback is not in that negative, tv, movies, original
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content doesn't come cheap. cheryl: be seen these shows? there's more coming than in the next hour, steward money will have a fit if we don't give his show back in the next five minute. a full two hours of "varney and company" in the books, hear some highlights. >> he is completely indiscriminate, no solid plan when he will take from each budget and i rarely agree with chris christie but chris christie came out and said where do you take is come, you might take programs we actually need. >> money they're getting, union dues, section of that go back to the same politicians who keep raising those salaries and it becomes this churning thing when everyone else suffers. we need to kick some butt at some point. stuart: don't use that word. we active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management.
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so wi got a job!ews? i'll be programming at ge. oh i got a job too, at zazzies. (friends gasp) the app where you put fruit hats on animals? i love that! guys, i'll be writing code that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (proudly) i programmed that hat. and i can do casaba melons. i'll be helping turbines power cities. i put a turbine on a cat. (friends ooh and ahh) i can make hospitals run more efficiently... this isn't a competition!
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conservatives. they think they just won a great victory. a defeat. let's be clear. it is a defeat. that is also being clear that the policies are good policies. these guys have the right ideas. they are employing destructive tactics. they are angry. republicans have failed to do anything about obama care. they have not fixed the tax code or secured the border. no impact on onerous. leave the gop in the house in chaos. government shut down. the democrats are predictably ecstatic. they will now pivot that election to run against congress. a republican congress.
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he responsible. hot fit to govern. not fit to occupy the white house either. now what? just to will lead house republicans intake the speakership. bring in an outsider like newt gingrich? paul ryan? a big name that may bring some unity. he says he may be interested. at some point, they will have to compromise. they ought to do it sooner rather than later. if they do not, the oval office will be occupied by hillary clinton or joe biden and barack obama will get a third term. ♪ this is a news alert for you. ending the pentagon's $500 million program to train and equip serious rubbles.
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it sailed. what is new? >> not giving up entirely. details about what has happened is quite shocking. going into syria to fight isis. the first group got in and got captured. the second group handed over all of their weapons, vehicles in exchange. four to five fighters left on the ground in serious. a complete failure. stuart: all right. to the markets, please. it is a friday. 17,100. fifty-eight points as we speak. and all-time high today. all-time highs. the price of oil. $50 a barrel yesterday. here is something that took me
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by surprise. i thought gas would go down to $2. now it is going back up again. patrick is with us. the guy from gas buddy.com. explain why is gas going back up again. $50 a barrel oil. gas goes up. >> a little bit of that. the whole thing we are looking at is a big head fake year. like watching the cubs win the wildcard two days ago. the fans went wild. we're just in the playoffs. it is getting excited, but there's still a lot of headwind that remains for oil. a lot of what we're seeing is specific to gas prices spiking in the midwest. stuart: there has to be some reason for this.
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you told us that on september 15, 3 weeks ago, the refinery started shifting over to the cheaper winter blend of gas. that would bring gas prices down. what happened to that? >> the midwest talking the trend elsewhere. it is making me look a little bit bad. at the end of the day, we are still looking at oil inventory that is almost 100 billion barrels higher than last year. give me a couple more weeks here. we will see gas prices eventually go down. >> aaa did say $2 million a gallon by christmas. you said that and you are sticking to it. you are sticking to that. two dollars a gallon. gas buddy.com.
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coming back anytime you like. thank you very much indeed. moments ago i gave you my take on what i call a developing mass over the republican house speakership. i think that the republicans are handing the 2016th election to the democrats. that would be my position right now. john hart is here. a gop strategist. tell me where i am going wrong. the republicans have just handed on the plate some big advantages to democrats. >> your assessment is absolutely correct. we have the american revolutionary caucus and in the french revolutionary caucus. there is no plan. there is no strategy. you are right about that. no compromise at all.
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i think that paul ryan will very likely step into this very soon. stuart: the freedom caucus guys. would they compromise with mr. ryan. >> i think that they would. over the next 48 hours, there are two things. if you do not see a list of things, here is a very good possibility. i will run. >> he does not want to run. he has a young family. if he jumps in as speaker, he will be a different kind of speaker. and credibility to bring the
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party together. stuart: let's suppose that he does not run. he has not gotten anybody else. a chance to be chairman. stuart: you lose your majority? >> i believe that it will be pure chaos. there will be so much chaos in the house that we can kiss our majority complied. >> you are with me on that. bringing it all together. everything is fine. >> i certainly hope so. the democratic party is out of touch with the country. issuing a couple polls that say 75% of americans think the government is corrupt. 60% of americans think that the government is out to get them.
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you have bernie sanders doing well. associate themselves with socialism as much as capitalism. they are out of touch. they will double down on demagoguery. we need to not destroy ourselves. stuart: you are an established republican. >> no, i am a tea party revolutionary republican. i am a tom colbrunn guy. john the baptist of the two-party movement. we ended earmarks. we led the fight to reduce spending. the sequestration. we created a lot of downward pressure on spending. you have to lead with solutions. you have to lead with ideas. stuart: you are a tea party guy. do you think people that associate with the two-party, they would compromise with paul
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ryan? >> yes. i believe that they would. there is a split within the tea party. the attached crews. rejecting the american idea of compromise and incremental change. you heard that something is going on. >> yes. this is the situation. paul ryan will run. if everybody else agrees you compromise with me. >> he cannot guarantee that. you cannot guarantee that i had of time. what will move paul ryan is not lobby and not people pressuring him. he will listen to a god and country argument, i believe, in the end. he knows no one else can bring the country together. >> you with me or not? >> by not opposing no, i am out
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of here. you have chaos. >> may be. stuart: thank you very much for joining us. >> very fluid. john, thank you very much. stuart: renowned physicist. robots will not destroy the world. oh no. it is not the only. it is the capital list that will destroy the world. income inequality. patriarch equity. joining us from los angeles. you heard me tell what he said. what do you think. >> there is no question artificial intelligence and robotics have tremendous dangers ahead for society. in terms of being so much smarter in terms of their
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potential downstream. comparing humans. the ratio between us" fish. he is talking about what could be, literally, the destruction of the world for robots. he is also talking about the potential for a great luxurious lifestyle that the average person could have. average american could have. if it does go that way where it is less destructive and much more about luxury, then it will come down to the haves and the have-nots. he is a proponent of socialism. i certainly am not. i think many of your viewers are not. what he is saying is he hopes that it will be given to everyone. robots will be free to the world, in essence. that is not the way that the world works. >> let me address this issue on income inequality. what do you think about this
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income inequality? ceos now make about 300 times what the average worker in the corporation makes. the lady says it is just not right. absolutely not right. don't want any part of it. what should my response have been? i believe in capitalism and free markets. how should i respond to that charge? >> it is an interesting question. we all believe in capitalism. i would hope that most people do believe that you should be able to earn what you want to earn. in certain cases, when you have ceos that are making 50, 60, 70, 80, $110, the stock is going down. the company is losing money. i find that to be disgusting and i am a capitalist. the sky is the limit.
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the point is, if you are not producing results, you should not get 50-$100 million. that is the difference. they are crazy. they are wrong. it is incorrect. stuart: i wish that i would've thought that answer ready when i was asked that question. thank you. appreciate it. stuart: the success of bernie sanders is pushing hillary clinton to the left. joe biden still deciding whether or not to run next year. if he runs, it spells real trouble for the clinton camp. more in a moment.
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forecasted higher profit. in the future, of course. a six and a half% gain for united airlines. how is this for a proposition. the success of bernie sanders is forcing hillary to go way out on the left. i think we can mostly agree on that. democrat on the left herself. you would agree with that, one at you. >> the potential threat of joe biden running and also from her husband, former president. stuart: that is very interesting. off and running from the left, i think that may make her unelectable. what say you? >> i was looking at the break down. both parties have a break down. there is the real liberal faction of the democrat. they are the moderates.
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they have their category. stuart: they are all in there. for hillary, first of all, she is not as centrist as people perceive her to be. lots of people to have that goal by association. look at what happened in california. she has just lost some ground. she cannot afford with over 400 delegates in california to lose this ground. she needs to distance herself from joe biden and the president on trade wheels like ppp. she needs that support. if he does or does not get into the game. bernie sanders rising california shows that she needs these people. i cannot tell you how many people tell me i am going to vote for bernie and the primary
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ancillary. those liberals think that he is not electable on a national level. >> can hillary come back to the center if she wins all the primaries? can she do that? >> you want honesty? i think complete conservatives will like this. i think all politicians can do that. you know, right now, look at who she is speaking to with regard to trade. not just very calculated to she is distancing herself from, but who she is trying to login. >> if the election is held and we need new growth -- we are out of time. leslie, what a shame. [laughter]
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all right. thank you very much for joining us. facebook. how should i put this? getting emotional. expressive like buttons to your profile page. how would you express your political views to your liberal friends? [laughter] ♪ the way i see it, you have two choices; the easy way or the hard way. you could choose a card that limits where you earn bonus cash back. or, you could make things easier on yourself. that's right, the quicksilver card from capital one. with quicksilver you earn unlimited 1.5% cash back on every purchase, everywhere. so, let's try this again. what's in your wallet?
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stuart: waiting on tesla. reducing the price target to 180. down 2% at 222. a controversial by optic. a movie, basically. steve jobs. the famous life of a apple creator. >> the movie does not paint him as the best. he says on screen i am poorly made. >> the genius that he was. >> i feel like the film is a fair betrayal of who we want. it shows the bat, bad, it shows the good, it shows the genius. the criticism of the movie from the wife peered the widow of steve jobs. portraying that he was just a
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nay guy. >> a lot of pressure. basically, i hope that i never get my computer hacked because i have a lot of enemies right now. very much against the portrayal of him. >> factual and by all accounts? maybe it is just that they feel like it is his name and his legacy. i want to know the whole story and what he achieved was remarkable. he achieved something remarkable. >> based on the book. the feeling is he did a pretty good job of sticking to the story of steve jobs. going to the product launches. even when he was alive he had a reputation of being a very, very tough man to work for.
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also a genius. >> yes. that is right. it is not like your normal fantasy movie. >> i would love to go see it. stuart: did you read the book? >> righted not. >> i do want to see the movie, though. stuart: one of the few books i have read cover to cover. the obama administration is ending its campaign with syria rebels. he says this is a new cold war. ♪
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great to be with you. the start of a new cold war. >> the case is very simple, really. it is in russia's national interest to seize crimea then to move troops into ukraine. large things. those large things would immediately confront nato. of course, the united states. in recent weeks when he decided to expand that kind of territorial and political ambition and begin to move equipment and personnel into syria, he has challenged the united states directly in the west in a crucial part of the world always known for oil. at this particular time, there is not a coalition. there is the approach of
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interest between the group led by russia and a continuing group still there led by the united states. that is not the same as the cold war. it is a new kind of cold war. >> the challenge will not stop with syria or ukraine. the next target may well be a nato country. challenge them in some way. maybe a faulty republican challenge them. do you think that that is a possibility? >> it is a very interesting line of speculation. i think that there is a hidden danger in not speculation. it seems to suggest that putin is a powerful figure running a powerful country that is capable of doing just about anything that it wants. in much the way that the soviet
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union did 20-dirty years ago. >> you contest that view? >> what i am trying to suggest is, and this really goes to the heart of imperial gamble, the book itself, trying to find the dna for this man, vladimir putin. what is it that he wants and at what point will you stop? the stuff comes into play. putin has an enormous ego. he is a guy who can do anything in the world. when you look at the reality of what he has in russia, he cannot do that. the russian economy this year down by 4%. probably likely to stay that way for another year or two. the whole underbelly of russia is populated by 20 million sunni muslims. many of the young members of which are themselves getting agitated.
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they feel as if they want to join the isis spirit. not necessarily the organization. taking on anybody. taking on us, the muslim world. i think that that is something brewing that we are not paying enough attention to. stuart: well said. you make a good case they are. i think you are used to appearing on television. it was a pleasure to have you on the show. we do appreciate you being here. >> thank you very much. another lawsuit. the lawsuit says employees have inside information that can give them an edge over the average player. what is the latest? filing and in new york yesterday.
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look, it is clear that you are getting in either information. using that information to play on other sites and when money. he says as close as 6 million. taken into account as well. stuart: it works both ways. clearly, they have insider information. we should be compensated because we signed up not knowing this. they spend an arm and a leg on advertising. that will be a bad investment if people retreat. >> we did remind our viewers that there is an investment in draft kings. he told maria at the time that this is obviously not how they do business and all of that. the next day he loitered up, as
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did the next company. they banned all employees from the start this. can they get ahead of this? people are saying that this is insider trading. information that nobody else has. this is something that will really rock the sports world. >> still putting the money on the table to gamble. not good right now. i agree with you. yes. .net. lebron james. leaving mcdonald's. he is going to become the spokesman for the chipolte of pizza. are you familiar with this? one of the fastest-growing chains in the country. eighty-nine locations. one hundred stores will be open within the next year. that is expansion. ladies, meet the president of -- and a lot of success on your hands right there. >> a great story and a great brand.
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stuart: the chipolte of pizza. rice and beans with a big expense. why are you incorporating that into your pizza business? >> starting the down the line building your own concept. we are doing that with pizza. build it down the line. anything you want on it. all for one price. we throw it into our gas fire of then. >> stand online. i picked the toppings. i pick them. somebody puts them on the pipe. puts it in the oven. three minutes later -- >> you have your pizza. we have made pizza available for lunch. now, it is available for lunch. >> that is pretty good. how about the price?
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>> a $12 pizza for under $8. stuart: anyone else would charge that. choose any toppings. all for one price. stuart: are you private at the moment? >> here is what i say. you want to raise some money to operate 100 stores within the year? >> we are a franchise business. we have 44 franchisees. i have a question for you. domino's recently opened a domino's pizza. opened a store in milan, italy. the locals laughed at them. made fun of them. >> they are an established brand. we have a long runway in front
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of us. stuart: the slightest clue about pizza in italy? >> i think that they do. >> totally different. >> it is. we are starving on this. stuart: krispy kreme used to get so much good publicity. they would arrive with 50 dozen donuts. >> newsrooms love food. note to everyone else. >> we will be back and we will bring your pizza. stuart: we appreciate you being here. >> thank you very much. millennial's are not as liberal as you may think. charlie kirk. he is a conservative. he is up next. ♪ straight talk. multiplied by 13,000 financial advisors
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well, just put on a breathe right strip and pow! it instantly opens your nose up to 38% more than cold medicine alone. so you can breathe and sleep. shut your mouth and say goodnight mouthbreathers. breathe right nicole: i i am nicole petallides with your fox business brief. the best week of the year 2015. we are seeing all up arrows across the board. of about 23 points. 2.11%. energy sector names have pulled back some. one of a little bit this week. the winners at the moment. energy. shining as a oil has been a winner throughout the week. airlines a winner this week.
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american airlines. 7.2% in traffic. tesla. we have one of the analysts over at barclays. saying they need to do a better job building their vehicles. a rollout of the model x. start your day every day on fpn. ♪ we're cracking down on medicare fraud. the health care law gives us powerful tools to fight it. to investigate it. prosecute . and stop criminals. our senior medicare patrol volunteers
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are teaching seniors across the country to stop, spot and report fraud. you can help. guard your medicare card. don't give out your card number over the phone. call to report any suspected fraud. we're cracking down on medicare fraud. let's make medicare stronger for all of us. stuart: we are getting a
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response from the fourth motor company on the lawsuit filed against them by boat diesel. trying to investigate forward. he said that ford slammed at him. all right. that is the back drop. here is ford statement. the court has addressed the situation. resolving the matter in ford's favor. once again, ford will provide the factual and legal basis. got it. lumbar liquidators making two days of gains. this is not about the toxic fumes that reportedly, from the floor. good enough to put it up. 20%. second day of gains for lumbar liquidators. this is from harvard. liberals may not be as liberal as you think.
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welcome charlie kirk. as i understand it, young, young, young millennial's. eighteen-24 years old. they are more conservative than slightly older millennial's, 25- 27. something like that. >> that is correct. it is quite fascinating. i fall into the trap of trying to log millennial's in one age bracket. there is quite a difference in a 19 and a 29-year-old. eighteen-22 bracket is actually fearing much towards republican voting bloc. people are very surprised to hear this. mitt romney won the 18, 19 and 20 year old so. barack obama dominated between 20 and 30. it is a fascinating shift.
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stuart: if you are 18 years old now, you cannot remember prosperity. you cannot remember a market that we used to have. all you know is all government all the time. put it in those terms and i can understand why those youngsters concern you. >> will get someone who was born in 1998. one that was impeached, one that lived through the lowest approval rating when he exited office, george bush, and then barack obama who has been a failure, to say the least. always broken promises. what is a young person's posted view politics as? >> looking for an alternative point of view. they have not experienced prosperity that was part of the 80s and early 90s.
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stuart: there is a mess in the house of representatives over the election of a new speaker. one of the premises that mess opens up the democrats. gives them priceless material. it is a giveaway to the democrats. they may well give them the election. what say you? >> truly the battle. views and beliefs are putting forth policies that would expand the political base. i would like to see new leadership rise up. i think that it is very interesting to see paul ryan barrow his hat into the ring. i think this is a very important debate to have. fourteen months away. most of the american people are not following this speaker debate or dialogue as closely as we are.
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stuart: not a mess like this before you run for president. charlie kirk. thank you for joining us. facebook. expressive like button. it is not a dislike button. >> are you on facebook? stuart: no. >> on facebook, you can like things. you can like things. coming up with alternatives for facebook users. tesla reporting that they are going to do this. come up with six different emotions. anyway. angry, sad, happy, sad, :-), a little hard if heart if you want to love something. stuart: you think it is a good thing. okay, cheryl.
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you stretches out an extra 20 seconds. i am sold. it cultural phenom, yes. a man who calls himself a professional geek. remember this? >> this is a picture of a bunch of full-grown men waiting to buy toys. mike, there he is. joining us now. i know you will tell us what you bought. why on earth is a man of your age, i believe you are 42, what are you doing waiting in line all night for toys? >> doing something you love. ♪ ♪
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approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't,
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saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend.
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remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ stuart: week in new york city. converging hot colter. take a look at this photo posted on facebook by our next guest. minutes after comicon opens. let the geeky photos begin. right on target with that one.
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a grown man does not need to be buying star wars toys. what are you doing there? >> you have to get paid to cover the things that i do. stuart: what is this comicon phase? >> tv and film and video games. it is one gray. porno copia. stuart: >> the original walking dead comic. >> the first issue. a worldwide tv had. the world's biggest dealer in vintage comics. almost $2000. 2003.
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stuart: doing with all these nerds dressed up like a lunatic. you are making money. >> to some people, this is a good investment. stuart: do you feel a part to it all? do you feel right at home? >> absolutely. i do not know about the costumes, but i am a nerd at heart. the reason why they are popular is because it has never been a better time to be a fan of something fan right now. stuart: the executive producer of the walking dead. closely related to comicon. here is a soundbite from the interview. >> a fan experience where fans from everywhere. any sort of pop culture comes out to celebrate everything that they love.
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interacting with the creators. stuart: what on earth are all of these people doing? i think he answered the question. it is a fan culture. >> loving things like the walking dead or spiderman. they like to come together with fellow fans that enjoy the same thing. it is really crowded. stuart: what is that? that helmet. >> this is the greatest thing. the fdny read you comments in the line of duty. they are auctioning off them. stuart: how much? i will be shocked if this sells
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for less than five grand. come on, stuart. stuart: all right. your time is up. time for you to go back to comicon. good luck. good to see you. later today,comic book legend. 4:00 o'clock on this network. closing bell. david asman. melissa francis. more varney in a moment. ♪ which allergy? eees. bees? eese. trees?
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>> they've been on the road for five years; right? and now they've finally found peace in this town called alexanderria and they seem to have found a safe haven and like the walking dead, there's nothing as it seems and only bigger more exciting things to come. >> that was david, one of the executive producers of the walking dead in what to expect in the new season. he gave nothing away. time for a look at some of what you viewers had to say on
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facebook first off about kevin mccarthy dropping out of the house speaker race. try this. ken says love it. he was just a boehner clone. it's time to elect a new leader. my time's up, neil cavuto, yours. neil: it doesn't sound like you're a big fan of comic-con. >> no. i don't know what it is. neil: i was just back from anchorman con, and "we" we have a great time. we want you to come. [laughter] we've got a lot going on right now. talk about drama on capitol hill. just in case that you think that the have beens will part should he decide to run for speaker of the house, think again. congressman daniel webster says this isn't about the individual, it's about the process. he is one of the key candidates here that wants to become the next speaker of the house and congressman joining us exclusively right now, very good to have you. one of the things i noticed after this conference meeting
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