tv Varney Company FOX Business October 15, 2015 9:00am-12:01pm EDT
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if harry cary was alive he'd say go. dagen: we have to look at the mets. sandra: it's a great few hours, it's over to "varney & company" and stuart, it's yours. stuart: we'll take it. what a mess! will you look at this, a slowing economy, trouble for the biggest of big named companies and a riot in canada over baseball, eh? good morning, everyone. wall street journal headlines, new signs of anemic activity, translation, we're slowing down. the problem, we don't have a fix. wall street likes it, stocks up at the opening bell. election news, trump calls sanders a maniac. it's politics and entertainment once again, is it not? the clinton camp jubilant over her debate win, joe less likely to run. democrats are tired of of
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waiting for him to announce. big name companies not doing well. netflix, goldman sachs, wal-mart running into big-time trouble. what's this? rowdy canadians? wait until you see this. "varney & company" about to begin, eh? ♪ ♪ o canada, our home and native land ♪ ♪ true patriot love ♪ >> we'll get to this in toronto. the cops were on the field. there was a riot, a 20 minute holdup, a riot in canada at a baseball game? just when you think you've seen it all. next, maybe a riot in norway or denmark? who knows? the blue jays won the game and
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they advance to the next round. okay. let's get serious, look at dow futures please. that may mean no rate hike this year, so stocks are going higher, 50 points maybe. we'll be back at the 17,000 level by the time we get going. look at netflix, they added fewer subscribers in america, maybe the market here is saturated. everybody who is going to sign up, they're going to sign up or they're using somebody else's account. a big drop. goldman sachs, a drop for the second straight quarter, it's down a couple of bucks, don't forget wal-mart, coming off the biggest drop for that stock in 27 years, it was down 10% yesterday and it's going to be down a little bit more today, below $60 a share. how about that. now, we've got serious developments overseas to report to you. israel deploying hundreds of soldiers in cities nationwide to deal with stabbings and the
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cabinet approved the authority to seal off arab neighborhoods to detain potential attackers. john kerry is going to the region. to afghanistan. president obama reversed course and will maintain 9,000 troops there until next year and draw down to around 5,000 troops in 2017. again, this is a significant policy reversal. and we're going to send 90 troops in cameroon to help stop the spread of boca haram. a new policy of using troops, force overseas. look at this, hundreds of iranians soldiers reportedly massing in northern syria. they're poised to back syrian ground forces in a ground offensive under cover of russian air strikes. that's from a u.s. defense official. he said that. a ground war looks imminent and that's new, too, ralph peters ready to break it down for us.
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let's get to politics, the entertaining side of politics, donald trump taking aim at bernie sanders. >> he got a nice applause line, but in the end i think he gave up a powerful point and looked like maybe he doesn't want to win because that was a very, very powerful thing to give up so easily. >> the poor woman, she's got to give everything away because this maniac that was standing on the right is giving everything away so she's following. this socialist/communist, okay, nobody wants to say it. stuart: i'm not endorsing his language, but you've got to admit he's entertaining. >> i'm endorsing it. [laughter] >> sudden appearance on the set. this is fox news contributor meghan mccain. >> i'm endorsing that. stuart: i hear that. now, the first part of what donald trump had to say, he said, look-- sanders threw the debate to hillary clinton and she ran with it. >> i don't know what i was
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watching on tuesday night, but it wasn't a debate. he handed the nomination over to hillary clinton, quite literally held her hand in the biggest scandal, talking about the biggest scandal that he could have gone after her about, which, by the way, does anyone forget there's a fbi investigation going on. she's not a queen and not above the law. he's saying that americans don't care. americans care. stuart: is he running or is he a plant? >> i think he's running for a hipster folk hero. stuart: a here hipster folk hero. >> i'm serious, a bunch of hipsters who can't tell me wheres' from or what he stands for, but has his t-shirt on. donald trump i think he's right, i don't think that bernie sand certifies running for president. that wasn't a debate they were were handing it to queen hillary.
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i'm not a conspiracy theorist, but maybe debby wasserman pulled aside and-- >> and benghazi, maybe she could dismiss that as politics, and e-mail stuff as politics and ride on to the nomination? but counter to that, in a recent poll, only 32% of people believe hillary is being honest about benghazi, okay? >> shocked. stuart: there's a feeling that maybe she's gotten over the problem. >> i think democrats want to make it go away. i don't think that kevin mccarthy's comments politicizing it it going to make it go away, but four americans died, it breaks my heart that we're politicizing it the way it is. i don't know what to say, americans care and she can try to slither her way out of it
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and i want her to go up against donald trump or any republican candidate that will hold her feet to the fire because anderson cooper let her get away with stuff thank you. >> you're not a trump supporter? >> marco rubio. stuart: come back and see us. >> thank you very much. stuart: where are we now? this is what we've got. netflix, got to get to that real fast here. and there are fewer subscribers in the united states. here is how i see it, you're going to get my opinion before your folks. jo: all right. stuart: it seems like the market is saturated, everybody who wants netflix have got it or using someone else's pass ward. >> or hulu. the numbers lower were based on the chip and pin technology on credit cards. stuart: really? .
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jo: the cfo is claiming in part to the fact that people are getting new cards and not able to update their subscriptions as quickly. stuart: that's just-- oh, all right. ashley: okay. jo: and that is shared across the board because often times the account numbers are the same. let hee get to the other big factors for netflix, especially if you have the stock. it's doing a global expansive and content continues to be very expensive. the new original shows that people love. you did see disappointment in the u.s. in terms of subscribers, but internationally they're doing well. stuart: about six points. jo: they're down a little bit, but a lot of other big media companies still see netflix as the only partner. 21st century fox, disney, they're doing deals with hulu. stuart: i'm not buying the explanation about the new chips.
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jo: you're not the only one. ashley: you let that monthly bill go through. jo: they say it can't because of the new technology. that's probably a pr it-- pretty small factor, but it's worth noting. stuart: worth noting. look at dow futures, it's thursday morning, we are going to open higher, not much, but a little higher at the opening today because according to the wall street journal, don't buzz me yet-- is unlikely to raise rates this year. we've got a weak account therefore the fed doesn't raise rates. and what do you make of that scenario, weak economy, fed doesn't raise rates, stocks go up. what do you say? >> i think we have a weak economy. i think the fed is probably not going to raise rates at this point and the economy and the stocks like the free money. they like to be able to have that money at no cost to them and, of course, that money makes its way back into the
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economy supposedly and then causes stocks to go up. the challenge, i don't think that the fed is being hops with us. stuart: hold on, you don't think that the fed is being honest with you. what do you mean by that? >> what i mean is the fact that the government wants you to believe that the economy is doing really well. wasn't there a point in time when the fed say, hey, when we get down to 6 1/2 unemployment, we're going to raise rates and then 5 1/2% and now unemployment is 5.1% and everything is going well according to the government, but how well can it be doing if we can't raise rates a quarter of a point. stuart: i've got a few seconds. you're coming back for the opening bell. big picture, you don't think the market is going up much? you're bearish? >> i am bearish for a lot of reasons. one is that the economy isn't doing well, contrary to what they want you to believe, they being the government. the numbers don't look as good as we thought.
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there's been so much easy main out there and the fed can't raise rates. so i'm bearish on the market long-term. stuart: i don't know if there's any fix for this in the immediate future. stay right there, sir, bring you back. and wal-mart came in with the news that he have this-- they've got a rotten look ahead. let's look at that, rich people to start with lost a chunk of money. ashley: let's begin with the walton family, walton enterprises the holding company, 1.42 billion shares, how much did they lose in a day? 9 billion. 9.12 billion wiped out on paper in one day. what about warren buffett, who has had not a good one 390 by berkshire hathaway the investment arm. $390 million in one day.
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but i was checking back, since the beginning of the year, the wal-mart investment that berkshire hathaway has has lost 11.6 billion dollars this year in value. stuart: and they've invested this year in wal-mart has lost 11 billion. . ashley: yeah. stuart: tell me how many shares they have. ashley: about 44% of the outstanding shares. stuart: so they've got roughly 100 billion worth of stock. very, very roughly. ashley: and four heirs just got a little less rich. stuart: wonder what bernie sander has to say. ashley: i think i know. stuart: he's cheering it on. israel deploying more troops to stop violence. and iran is sending more troops to syria. are we on the verge of a major ground war? ralph peters is here.
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first off, israel deploring troops after palestinian stabbings and violence. number two, iran sending more troops to syria to aid assad. colonel ralph peters is with us from d.c. first of all, will you deal with what i think is an upcoming ground war in syria. topic one, go with that. >> it's not coming, it's here. as you and i are speaking this morning, stuart, the iranian offensive is underway in the province backed by russian air power and backing up with hezbollah and syrian troops as well, but the iranians are giving it the backbone and the push. by the way, we now have special cuban paramilitary and special forces in syria. the old cold war band is back together. stuart: wait a minute, we've got cuban guys, boots on the grounds, cubans firing shots in anger and they're there, really? >> well, you know, i don't know
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if they're firing shots yet, but we have u.s. government reports, officials, saying, yes, there are cubans on the ground. it's a token force. the cubans are pretty rusty, they haven't been in it since the '80s. but it's a show of solidarity, you've got a force, a real coalition, a fighting coalition, unlike obama's fake coalition and they have a plan. they have the forces in place, and putin is not in a quagmire. putin is smart, he's supplying air power, intelligence, planning, special operators, buts' letting the iranians and syrians and hezbollah and even the cubans providing cannon fodder. and this guy is good. he's backed obama into such a tight corner, the air missions we' we're flying are helping iran and russia and assad because they can concentrate on killing the guys we support the while we take care of isis for them.
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i mean, i have never seen such a strategic debacle. stuart: i'm short of time, a lot to cover here. israel deployment of troops to major cities to stop the wave of palestinian stabbings. is this the third interfata. >> don't worry, john kerry is on the way. that's it, john kerry will fix it. and what's happening in israel is straight forward. the palestinians are the prima donnas are the middle east and used to dominating the pages. the cries says is iraq, lebanon, turkey, this is the palestinians saying remember us, we're here and we want some media time. in a sense it's sort of palestinian lives matter except, instead of driving people to kill the police,
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they're killing-- they're stabbing grandmas at bus stops. it's disgraceful and our white house disgraced itself again by basically saying the israelis and the palestinians are both equally guilty. israelis troops are not stabbing palestinian grandmothers. stuart: okay. third development, president obama will keep some troops in afghanistan, no withdrawal, i believe. that's a reversal of policy, isn't it? >> yeah, it is and he's desperate know the to have yet another debacle break out on his watch. he's trying to parse it, do as little as possible. the military was 8,000 to remain. if that keeps afghanistan together and gives them a chance i can go with that, but, no, obama's got to get it down lower than that, 5500 that's better than nothing, certainly,
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but it's -- obama has this pattern of always trying to get off as cheaply as possible and you want it cheap, you get cheap goods. stuart: last story, and i've only got 20 seconds. are you working on a new book? >> i just sent it off to the publishers called and about petersburg, about probably the ugly racial violence in american history at the crater. stuart: i want that book first before everybody else. >> you'll get my first advanced reading copy. stuart: thank you. a totally different subject, a restaurant in new york city eliminating all the tipping. in new york. to make up difference, he raises prices across the board. what do you think about that? we're on it next. so what about that stock?
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>> a major restaurant operator in new york city, danny meyer, he's the man who started shake shack. he says he's going to eliminate tips at his restaurant in new york city. he'll make up the difference by raising prices across the board. ashley, i want the full real story. ashley: what mr. meyer said is all aboutem balance of the tips. in other words, the greeters
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and those on the front side of the restaurant are getting the tips, the cooks are not getting their share by paying everybody more money they all get a fair share of what they're doing for their jobs, and, but the down side of this, of course, the menu items go up 20 to 25%, you could argue that's what you're putting down in tips anyway. i've maintained you can shoot me for being a pinko comy bed wetter as you like to say, i felt the restaurant owners should have the customers pay about a fifth of their worker's sally. pay them a fair wage, i will still tip. stuart: get out of here. what have you got against the american system of rewarding youngsters to want to be actors or whatever, they go work as a restaurant waiter and so mume o them make a fortune in tips. ashley: how much of that is reported. stuart: you're worried about
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the irs getting their share, headlines, boys. ashley: am i still the show next week. stuart: i don't know. ashley: i take it back. stuart: and wal-mart tanked, the tou opening higher and we're going to watch netflix, only place to watch house of cards and it will open lower. we'll take you right into the center of the action in just a moment.
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>> all right. the opening bell trading is about to begin. we're looking for a 40, maybe 50 point gain as the trading day begins. that looks like what we're going to get. the story, bottom line, the wall street journal says the economy is slowing and therefore, the fed will not raise rates and stocks are up. yes, indeed. that's what we've got. 43 points from the yet go and we're going to be hitting maybe, an hour up dn we're up slightly. ashley webster is here and so is anthony, larry levin from chicago, and the bow tie, peter mauricy. the wall street journal says the economy is slowing and the fed is less likely to raise rates and stock market to go up. peter do you first, just deal
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with the side of the economy that says it's slowing. what say you? >> i don't believe it is. consumer spending wag strong until september and we have hiccups. my feeling is that the economy, we're going to have not a great number for the third quarter, but that's behind us, as an adjustment for the second quarter's big number and not to get too wonky, but going forward, consumers are in good shape. strong balance sheets, steady jobs and so forth, so i see the economy growing at a little better pace than it has through the recovery, but not terribly inflationary and that's the power, better corporate profits starting in say the third quarter next year. stuart: oh, the outliarer. and peter disagree with that, what says larry levin. >> i'm not sure it's slowing, but not moving as quickly as we'd like it.
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seven, eight years after the 2008 debacle, the market and economy aren't improving as fast as people like. it's interesting how people count, but i agree, i don't think that the economy's getting a whole lot better and because of that, i know we're not supposed to talk about the fed, that's propping the market up and that's not going to stop anytime soon. stuart: the risk i get the buzzer, i want to raise this issue with both peter and larry. that we are collectively giving the government a trillion dollars with no interest whatsoever, that the yield on the three-month treasury bill is zero, we're giving them free money. now, peter, to you first, and then to larry, that's deflation, isn't it? >> no, it's not deflation, it's a very, very lax monetary policy in europe. the legacy of quantitative easing-- [buzzer] >> there you go. quantitative easing, you can't say that, peter, do continue. >> the european central bank is printing lots and lots of money. stuart: thank you. >> and also some of the central
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banks are charging interest to their commercial banks to keep their reserves and deposits, in turn, they are charging this big depositor's interest to hold their money. so for them, it makes sense to just buy u.s. treasuries and at least it's interest-free, that is, they're not charged anything to park their money larry levin, deflation, yes or no? >> i would say the worst thing is for the seniors, the elderly that rely on the interest rates to have some kind of income and it's been a bad situation for a lot of them. stuart: i've got to get to netflix and that's the stock story of the day. they reported fewer u.s. subscribers, the stock this morning is down 5 1/2%, 104 on netflix, obvious question, anthony, come into this, please, are you buying netflix at 104? >> well, i think if i was going to be buying stocks at all, netflix would probably be a good place to have some portion of my money. but i'm on the other side of that coin, i actually think
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that we do have a negative economy and negative outlook ahead of us, so i'm not buying any stocks at this point. but if i was going to, netflix at this point would probably be a good buy. >> sinking as we speak. we started the show with, at 9:30, we started market coverage, it was down 6, now it's down 7, close to eight points lower, 102 now on netflix, we have goldman sachs, a sharp drop in profit to the second quarter, that stock is down 1 1/2%. citi, the other way, profits up 51% because the cost structure is falling and it's up 50 odd cents at $51 a share. how about winnebago, the motor home people, i used to say i would buy one in retirement, probably won't. >> won't go that long. stuart: very funny, peter. nicole: the stock is down 6% because they came out with lower than expected profit and the trend that they saw was that while the sales totally
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were flat, the total sales were flat, the class a winnebago, the fansiest of the winnebagos, upwards of $400,000 with a fireplace in there, the class a are down 34%. the lower costing models did better and they did see a little bit of strength. the costs aren the upside. it's interesting the cost to consumer who still want the winnebago, but buying a cheaper model. stuart: it's interesting, because i thought with the sharp decline in gas prices, maybe a win way goe-- winnebago would be more attractive. we'll see you tomorrow morning, you lucky lady. to wal-mart, please, peter morici, bow tie, professor, the largest retailer shows weakness ahead. you say, no, wal-mart is not an economic indicator. make your case.
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>> things are shifting, people are more on the net. you can buy things on amazon as cheaply in a better environment, your own home. wal-mart is forced to pay higher wages, the spread between what they sell for and pay are narrowing. and wal-mart's magic is not magic at all. it's supply chain management and other retailers all have problems, too, learning it as well. it's in a tougher competitive environment than before and it's not a nice place to shop. the word is around about that. so folks are going other places to get the same bargains. stuart: we have a disagreement, it's a wonderful place to shop because the prices are just right, got that straight? >> got it, sir. we're trying together in your winnebago. stuart: cheap shot, peter. greshry store chain albertson's, now, they've delayed the ipo. ashley, did that do that because of the wal-mart. ashley: they certainly did.
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it was a difficult environment yesterday with wal-mart just dropping like a rock and they say that their rival growingry grocery stores losing 3% of their share price. they decided to delay the ipo yesterday. they were hoping to raise 2 billion and they haven't given a timetable when they'll jump in. and the news of wal-mart having a ripple effect. stuart: that's for sure. the on-line payment company, square, they're going ahead with the ipo, they've priced it, going to do it in the future and the broader question, apartment any, would you put money into a technology ipo, which by the way, is losing money? >> yeah, i actually would not put any money right now into a technology ipo at all. the tech sector, when the market does correct, as again, i've got a very strong feeling that it will. i think it's going to be led by the tech sector and i think that companies like netflix and tesla will be leading the charge down and if you've got
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companies like square doing an ipo, that would be a place for me to absolutely avoid at this point. stuart: let's move on to tesla. now, the cars drive themselves sort of. what's the expression here, ashley? >> the autos steer. semi autonomous driving system. ashley: this is semi out-- it's not that you should take your hands off the wheels, but it can detect lanes and it's really meant for the highway, you're not going to drive around manhattan or other cities with the hands off the wheel. when you take your hands off the wheel, a couple of seconds it says, you may want to put your hands on the wheel. it's not a driverless car. stuart: peter moricmorici, come are you buying tesla products? >> i'm a college professor, i can't afford a tesla automobile. i have a nice consulting book
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on the side in an llc, but my feeling is that they're really a style statement. kind of like an apple watch or a google watch or something, it's something that people buy to show they can afford. it's kind of like my road bike, i have a $10,000 carbon fiber road bike and i get around, and a guy on something like that gets dates. and. stuart: in a bow tie, gets dates with a bow tie? >> no, i wear speedos and the rest. ashley: oh, boy. stuart: oh. stuart: i want to move on to this, can we arrange the trumpets please? microsoft. ♪ >> sold out in five days, surface, i'm a share older and the stock is up. ashley: because you're saying, oh, the market is overem whing. stuart: no, i'm not. ashley: you said sold out. stuart: limited supply. ashley: i think they did, were conservative in the number of units available for sale, they
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went through those quickly, you know, it's taking on the apple mac book pro, good luck, all i can say. stuart: big picture now back to the market, we're up 37, 38 points for the dow jones average. big drop yesterday, but we're up again today close to 17,000. there is where we are, up 38. higher profits at united health. that's the largest u.s. health insurer, it's a dow component. more money coming in from its pharmacy and management business. nonetheless, it's down 3 1/2%-- 3 1/2 dollars, 118, united health. latest fox news poll has the economy recovered to where it was before 2008? that was the question. 78% say i don't think so. all right. peter, come back in again. what do you make of that? 78% of people in a fox poll said no, we've not recovered to pre-'08 levels. >> well, the numbers say yes, the gdp has certainly recovered.
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the employment has. but let's face it, people's incomes are down and even if you look at their real income, so much more of it is going to pay for obamacare, state and local taxes and so forth. let's face it, people like bernie sanders and our president is person like bernie sanders, makes people poorer, e even as he's giving away free stuff. it's that simple. social democracy makes you poorer so people feel worse off. stuart: larry, you guys down in chicago, you're trading futures, you're trading commodities, do you take account of this kind of polling, this kind of view of the economy? does it mean anything to you guys at all? >> it's something to talk about when the markets are slow, stuart, but, no, i don't think that anybody's trading on that. but with that being said, i think short memories and that's the reason too 78 or 80% feel they're doing worse because back in 2007, 2006 people were using home equity loans as basically an income.
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we don't do any of that anymore. stuart: that's basically true. we don't do that anymore, who said that, was that you, peter? >> no, i didn't. stuart: not guilty? >> no more in economics, people make the same mistakes over and over again, it's like adultery. stuart: thank you everybody for coming on this morning. peter come back soon. thank you, everybody. >> take care. stuart: we shaw this coming a mile. the feds investigating the popular fantasy sports sites and you can bet they're after the money. that's next. we live in a pick and choose world.
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don't miss the columbus day sale. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store. right now save $600 on the #1 rated bed, plus 24-month financing. hurry, ends sunday! know better sleep with sleep number. >> well, will you look at this. nice timing, we're back at 17,000, almost exactly, the dow is up 76 points. yet netflix, they did add subscribers and that's the stock of the day, it's taking a big hit. it's down $7. wal-mart, they see weakness
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ahead, we broke-- we didn't break the story, but brought it to you yesterday in the 11:00 hour. look an it now. 60 a share, and the stock is down not much, but a buck, and this is incredible. i was shocked when i heard this, it's difficult to shock me, but listen, the state of illinois so broke that officials now say, inbound in who wins the lottery more than $600, they get an iou. what? what? >> can you believe this? >> no, i don't. ashley: it's about a budget impasse in springfield, illinois. they can't get their act to go the account used to write checks to winner is the empty. the only way to equity extra funds in there the state controller allows funds to go in there which has not happened. so anything above $600 you get the iou. stuart: they'll selling tickets and you win and you don't get
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cash, is that fraud? i. ashley: there's a federal lawsuit from a couple of lottery winners saying they want their money and 5% interest on top of that. stuart: who would buy a lottery ticket in illinois. ashley: knowing there's no money in the kitty. stuart: knowing they're not going to get the catch. that's at that -- tantamount to the imminent collapse-- i'm being extreme, but i wouldn't put a dime there. ashley: 288 million-- the amounts above $600. the $5,000 winners, the 20. it's a mess and worse. stuart: if i would have known that, i would have led the show with that story. that's extraordinary. my goodness. ashley: yes. stuart: how about this? the fbi and justice department investigating popular fantasy sports sites. sports attorney daniel wallace joins us.
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i'm sure they'll find evidence of insider trading, but you know what? the gamblers don't care. when this happened last week they put more money on the table for fantasy sports and next week the same. it doesn't matter, does it? >> it does matter, the tip of the iceberg. the disclosures and revelations last week were very soon and draft kings and fanduel seemed to put on a pr campaign to shift the debate in their favorite. the revelation since friday are just stunning. stuart: okay. what are the revelations that all of our viewers would understand. >> okay. employees who work for draftkings are playing or both employees of both fanduel and dra dra draftkings are widely known to play on the other's site. and they have access to
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knowledge such as owners and it's critical information to know how widely owned a particular player is. if you can take advantage of inefficiencies and underowned players, you can gain an edge in contests and they're set up the same way so that the information in fanduel can play a similar contest on draftkings and vice versa. we're seeing widespread cross-play by employees and presumably widespread access to inside information and stunning success playing on each other's sites. so it begs the question are they misusing inside information. stuart: that's a fair point, daniel, i didn't mean to water it down. i'm trying to look ahead here, the investigation proceeds, the there will be lawsuits, the people who file the lawsuits will win and i suspect at the end of the day there will be regulation of fantasy sports and taxation because that, i
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think that's what it's all about. i think the states and the feds want a piece of this new form of gamble and they're going to get it with a tax. what say you? >> i agree with you 100%, but we're going to go beyond regulation and taxation of daily fantasy sports. we're also looking forward to the legalization of sports betting and i think we're going to have a federal frame work in place under which daily fantasy sports and sports betting is going to be folded into it, it's going to be taxed, realized and regulated, but what the department of justice and the fbi are looking at right now and what a grand jury is potentially looking at are whether these contests are presently legal and whether any criminal violations have been committed through some of the disclosures that have come out within the last week. there are suggestions that employees are targeting weak players, also, known as minnows or fish, on other sites. there's an allegation or a suggestion that maybe employees
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or are passing on insider information. and then, there's the latest revelation from a, i think it's the new york times article, in which suggests that an employee of one of the companies is helping residents of states where you can't even play because it's illegal in those states, circumvent the controls to be able to play in a particular contest. so, regulation is tomorrow's question. today's question is, have any criminal laws been violated and we don't know yet, and we've got six different avenues right now. >> out of time, but you explained it well. we appreciate that. thank you very much, sir, we appreciate it. >> thank you. stuart: we're, of course, keeping a close eye on netflix, i'm calling it the stock of the day. netflix, down 8%, barely holding, 100 a share. next someone says stay away, don't buy it. and liz claman, jack lou.
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you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number. don't miss the columbus day sale. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store. right now save $600 on the #1 rated bed, plus 24-month financing. hurry, ends sunday! know better sleep with sleep number. >> hey, look at netflix, barely holding $100 a share, it's down $9, that's nearly 9%. the question is, they've added
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new subscribers in america, but have they reach kind of the saturation point in this market. we've got a netflix bear with us, his name is eric schiffer, welcome back, eric. why don't you like this thing? it's been the stock of the year, the last two years, but you don't like it, why? >> well, look, stuart, to me, these results that came out, they choked on their popcorn. i mean they-- and their excuse was, people, the reason they were losing a lot of subscribers is because of credit card problems, meaning that these new chip cards that were coming out and people weren't allegedly renewing. that's their excuse, called involuntary churn. to me it sounds like something hillary clinton would say. [laughter] it's not a valid excuse. stuart: that was funny, eric, introducing humor into netflix, not bad at all. keep going. >> well, to me, this is the company that frankly is facing some big competition, h.b.o.,
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hulu, which is called by fox, amson, they want to put netflix's head on a stick and ramping up advancement and ramping up in a big way. what makes netflix this big content creator? in other words, what gives them the right to say that they're going to be the top content creator. how are they going to figure out how to reverse engineer hollywood? they've done it with some shows. anyone who thinks they're going to master hollywood, there's a graveyard i can point to to show you those people. the subscribers are slowing down in the u.s. and so they're looking at overseas, but overseas, we know in the overseas markets and especially emerging markets, there's problems there. good luck trying to grow there. eric schiffer just shoots down one of the great stocks of the year. they're down in flames. eric, a well-reasoned argument. mr. schiffer, thank you very much indeed. >> thank you.
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stuart: up next, gender and politics, why women give much less than men to political campaigns? why is that? we are going to talk to a female republican strategist in a moment and also, next hour, the soup nazi, no soup for you. second hour of "varney & company" is two minutes away. is it our insightful strategies that make edward jones one of the country's biggest financial services firms? or 13,000 financial advisors who say thank you? it's why edward jones is the big company that doesn't act that way.
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breathe right you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. >> it is exactly 10:00 eastern time. stock of the day today is netflix, it's down $9. mixed opinion on whether you buy that thing or not. right now, it is solidly lower. more big stories coming your way at this hour, let's go. chaos in the mideast, a rash of stabbing attacks in israel, troops mobilized, afghanistan and iran as well. politics, hillary's debate performance, did it sway joe biden either way? she won the debate, will joe get in? and look at this, larry thomas, the man you know as the soup
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nazi from seinfeld, he joins us in the studio, he may have some soup for us. how about that. did i do that right? haven't go the it right. hour two of "varney & company" does start now. ♪ let's wrap this up, shall we? what's happening in the middle east, here we go. israel deploying hundreds of troops to its major cities to stop the string of violent attacks by palestinians on israeli citizens. secretary of state john kerry scheduled to visit the country. afghanistan, president obama reversing course. he says he will maintain a force of more than 9,000 troops in the country for most of the next year, and then he'll draw it down to maybe 5,000 troops in 17. the violence in syria continues. now there are reports that hundreds of iranian troops have massed on the northern borders there, backing syrian ground
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troops as the russians drop bombs from above. colonel ralph peters had this to say in the last hour. >> we had reports that yes, we had cubans on the ground and it's a token force. cubans are pretty rusty, haven't been in it in ages, but it's a show of solidarity, it's a fighting coalition, unlike obama's fake coalition. stuart: and bret baier from fox news' special report on the president's decision announced next hour formally about the forces in afghanistan. bret baier top of of the hour. the next run up on the stock market, we're up 36 points now, shy of 17,000 at this point. how about this? much better profits at united health, the stock is down 4.7%.
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we'll get into that for you. goldman sachs profits down, the stock is fractionally lower, down just a buck at 178. the price of oil in at $45 per barrel as we speak. and gasoline, 2.30 is still the national average for regular. how about wal-mart? it's pretty much flat today, but that dollars its biggest drop in 27 years, we call wal-mart an economic indicator. and our next guest has a headline and a half about the sector, saying that wal-mart's problems are the start of a retail ice age. here is strategic resource group, bert, welcome to the program. you made a splash yesterday on the program when you said it's a new retail ice age? . how do you explain that. >> i correctly forecast a retail recession in 2000, going
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through 2009. so we're seeing the same signs. stuart: you're blowing your trumpet. >> no, we're seeing the same signs. i hope we don't have the retail recession, but hit hard in 2016, go through 2019 and then it will thaw and then we'll have a retail renaissance going into the next decade. stuart: what you mean we're pulling back from bricks and mortar retailers, we're not spending as much as we used to in that way, that's your story? >> that's completely correct and amazon reclipsed wal-mart as the fastest growing retailers. stuart: that's a huge shift. that's a shifting point from bricks and mortar to on-line. wal-mart to amazon. >> right, we're going from the fixed fortification to merchandising that can't move. we'll have a rationalization, shopping center and consequences. the consumer achieved a balance of power because price is a primary motivator now and with
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mobile apps to your point, stuart, they'll go on-line or on land, get the best surprise in stores and supplies lower. >> come out on a limb. will you name names of retailers. >> i called 14 out of 15 right, the only one i was wrong on was rite aid. one of the biggest troubled stores is sears and kmart. stuart: sears and kmart number one on your list out they're going. number two? >> others, you'll see it's a little too early to tell, but e now, hopefully it will work out because it got good leadership, but 99 cent only stores having a tough time. toys "r" us, their bonds traded down 40 points. stuart: hold on a second, two names here, i've got sears, i've got toys "r" us and who else. >> 99 cent only stores. stuart: is that the name of a store chain. >> dollar general, dollar tree, those stores. stuart: wait a minute, let meet
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get this right. dollar general, they're-- >> 99 cent only >> is that the name of the store? >> yes. stuart: they're in deep trouble. >> the way their bonds have traded, traded down from over 100 to 60. toys "r" us 28 property bonds traded from over 100 to 60. stuart: i want more names, give me another one. >> you'll look at a number of supermarket chains, so a & p's, pathmark, super fresh, a lot of regional supermarket chains facing a tough time, too. stuart: you're on tape saying this, you realize that, don't you? >> again, i hope i'm wrong. i hoped i was wrong in 2007, but what we see as the most severe consequences, unprecedented pressure on sales tax revenue for public sector payrolls and public sector pension plans already
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underfunded so that may mean more public sector layoffs and with more than 100,000 of layoffs in mining and hundreds of thousands of layoffs, it could be concerning in retail sales. stuart: you're making news for us, you better come back. thank you. hospital hack attacks, how about that, on the rise. eight out of ten health care executives now say their hospitals, insurers are clinics have been hacked, hacked into since 2013. liz, what is it? what's this all about? how serious is this? liz: very serious, a quarter of these executives say the hacks are coming in weekly. half of those say daily. it's a serious issue for health reform. health reform push the digitization for records. stuart: obamacare liz: obamacare did.
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and the executives are saying, hospital, insurers and health clinics, they're saying, wait a second, we're not ready, we're getting hacked and sued as well. when you go into the hospital or health clinics, they have medical confidentiality, this is a gift to the tort bar, and they say we can sue given to the digitization of records, you breached that and we're going to sue. stuart: that's fascinating liz: 5,000 hospitals are at risk of serious cyber attacks, they want to create medicare fraud, medicaid fraud. identity theft. stuart: here are the lawyers. see them a mile off, rubbing their hands liz: over obamacare. stuart: they can't lose. they're suing over obamacare and the lawyers are greatest supporters of president obama liz: and the reason electronic records it would bend the cost curve down and reduce health care costs, instead court and tort lawyer costs are going up. sorry about that.
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stuart: that's another one i would have led with, like the canadian riots at the baseball game. i would have led with that. only halfway joking. to politics, statistically, more women vote than men, but when it comes to giving donations, political donations, women are lagging. according-- here is the new data. only about 30% of big donors, that's very important, big donors to campaigns are women. maveri maveri maverick packs co-chair, why do women give less? >> i think it's something that i think we've known for a long time and now the new york times did a great article with it statistical statistically. it's similar to women not running for office and we're catching up there. i think that similarly women have just not historically been involved in campaign donations and contributions. the average men's donation is larger than the average women's donation and 30% of that come
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from big donors, which is what's important because big donors give the access to the candidates and have political sway. stuart: so politics is a man's game up until now, and that shows that who gives what and how they vote? >> right. i think the interesting question, what do we do about it? in 2012 i was coming out of the federal government and started as a life long republican started to get active. the republicans said pretty stupid stuff about women and that's on the record so as a republican young woman i looked and said, what can we do about this? in my pac, we started teaching young women how to fund raise and how to bundle and be a part of the process, if you with an and the a voice, you have to step up. stuart: i contest your story that republicans said some pretty stupid things about women. >> okay. stuart: let me remind you, somebody-- it was mitt romney, he said binders of women. >> right. stuart: taken totally out of context. >> absolutely. stuart: oh, yeah, well, binders of women, what's that, what is the implication, that wasn't a
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stupid statement on his part. >> it wasn't his, i think we had people running for the senate that talked about, you know, women being raped and how that resulted in pregnancy. there were some things that were just, were clumsily said. mitt romney had a great reputation with women and his lt. governor-- >> yes, he did. you run a pac. >> yes. stuart: and raise money. >> yes. stuart: how much of your money comes from women? >> i don't have the statistics on that yet, but i would say the wheel reason that we started the women's coalition within 0 your pac is to raise-- people under 40. we are not the big donors of the party, but we're going to be. stuart: keep up with the effort. morgan, appreciate you being with us, in the flesh in new york city. >> absolutely. stuart: the feds, they are going to investigate fantasy sports websites. jo ling kent has the story in case you missed it. jo: the fbi and department of justice launched probes into the fantasy websites. according to the wall street
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journal, they're trying to figure out whether the business model of daily fantasy sports companies are violating the law. listen to what daniel wallace had to say. >> regulation is today's question, tomorrow's question, have any criminal laws been violated. we don't know yet. jo: in california today, they're planning to ban mic microbeading, the scrubby exfoliants in your face wash and soap. they've abouten found inside fish and environmentalists say they easily get through the water systems without disintergreating. and jeopardy champion matt jackson, his winning streak snapped after 13 shows, he took home more than $400,000 and is ranked the fourth best in all-time winnings. that's quite an achievement, i'd say. stuart: i was watching. jo: it was amazing. ashley: i was watching and
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missed last night. he was out. he was just like that, clicked with the clicker fast. stuart: fantastic. jo: a true jeopardy athlete. stuart: he walked away with $411,000. a good day there. and rough day for netflix, not making enough money, not getting enough new customers, down it goes, 102 on netflix. next, we're going to talk to a guy who is making money off streaming. larry thomas, seinfeld's soup nazi. no soup for you. i'm trying to get it right after the break. we introduced you 30 years later, the soup nazi is on the show. do you mind that? >> i mind that you said 30. it's only been 20. [laughter] >> i get older as i leave.
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we're almost one hour into the trading. we're up 66 points, just a little shy of 17,000. this is the gold report, we're up again 1183 per ounce, up 3.60 today. how about the payment processor, first dade at that-- data. it just started trading. it's down 7 cents. we are used to a lot more movement from the ipo's out of the box, but this is a fractional move. netflix are not adding as many new subscribers in america as we thought. there are problem areas, earnings, revenue, subscriber growth. as the stock tanks down to 101, ashley, have they reached saturation point? . >> that's the question, they're blaming some kind of financial problem with people resubscribing or signing up, they're doing well overseas, but losing ground there. estimates for how many
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subscribers they're going to have fell short and that has people worried that maybe you have netflix, i have netflix, and everyone we speak to has netflix, where are the new customers coming from. stuart: i'm using liz's password liz: no, he's not. in china they missed because of new computer chip cards. stuart: that's what they say. do you believe that? liz i do, it's annoying to reup with new credit cards and maybe we could see a pop. who could buy netflix? apple. stuart: would the regulators do that. like chump change just like this. are you setting up a rumor? liz: no, i heard it already. stuart: and obviously, netflix is heavy with content for streaming and with signs like
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hulu, and older tv shows like the one my next guest was on. you remember him? the soup nazi from "seinfeld." welcome, actor and author larry thomas. first of all, i want to try and do it and you're going to correct me, i know you are. no soup for you. >> a little throaty, like it should be bigger. no soup for you! like a bark. [laughter] >> think of yourself as a junkyard dog, doing omar sarif liz: that's had a trivia question. stuart: i'd die for a voice like that. >> wow. stuart: you're into streaming and you're making money out of streaming because "seinfeld" appears on hulu and you get a little piece of-- >> maybe. i have not seen-- to tell you the truth, it's been a few months now. i haven't seen like a residual check that said anything about streaming, it says like dvd sales, zero.
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stuart: really? >> am i allowed, it was $74. stuart: 'cause you were only on "seinfeld" twice? >> yes, and that's it. because like the series regulars or whatever, they're getting like a certain percentage of 180 episodes. so, my percentage is only based on two episodes. and the finale, the actor pool shares the percentage. there were 50 guest stars in the finale, so we get very-- each one of us, terry hatcher is getting a little piece and like i go to terry's house and you don't need that, do you? [laughter] >> so you're leveraging your name by a tiny few cents. but you're leveraging your name in the soup nazi deal with soup? >> yes. here is the original soupman, right? here is me as the original soupman and my chef's coat. what it is basically, this is
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the company after al yananay i basically played in "seinfeld" and his soup is there on 55th and 8th, serving his great soup and finally come full circle in my life and i am him. i played him for years, and people said are you the guy that made the soup? and i stopped wanting to explain so i said, yeah. and now, i'm hired to be him. stuart: you know this this is a financial program. i'm not sure you're a regular viewer, but you know we're into finance. >> i do. stuart: you know what is coming next. >> i do. stuart: how much do you make off each box of soup? >> actually, it's not set up with numbers because i'm basically hired to be the soup man and i'm part of the company, but jamieson carson is our ceo and he knows the business. stuart: so they pay you to be--
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>> i'm the talent. stuart: they pay you to be the talent so you're leveraging off your soup nazi days. >> definitely. ashley: oh, yeah. stuart: you know what's coming. >> you're going to ask me how much are they paying you. stuart: how much do they pay you to be the soup nazi. >> i can't disclose that and the irs maybe watching, i'm kidding. but, no, let's just say that they are paying me per, like, what i do for them liz: 10%, 20%. >> sort of, they brought me out here-- i live in l.a. and they brought me out here to do gangs of the metlife stadium, just serving soup out in the parking lot and they've got soup trucks that are serving their soup in the parking lot. like inside the stadium and i'm hanging around, yelling at people. stuart: it's a great business. two episodes, soup nazi, a lifetime career.
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you've got a fantastic voice liz: do it again. >> no soup for you! . i do that when my doctor hits me on the knee with a hammer and hits me on the knee with a hammer and i go no soup for you. he has to wait once a year for that. stuart: you're a great guest. i'm sorry about the prying question. no, i love it. stuart: good man. appreciate it. new signs the economy may be slowing. the democrat solution, tax, spend. my take on that is next. [laughter]. [ male announcer ] some come here
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stuart: breaking news. former house speaker agrees to a plea deal in criminal court. he is accused of breaking bank laws. hiding hush money. hillary emerges as the clear front runner. does that mean that joe biden will not know his hat into the ring? democrat and biden supporter. the wall street journal. bernie sanders let hillary off the hook. he certainly did did 10:45 a.m. with manager. the news from the debate. democrats will give free stock for everyone. the rich will pay. not a word about growth. news from the economy. these new developments are tied together. think about it. we will be going at the next
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years election within economic policy with even more tax and spend our president obama for the next seven years. and unprecedented rise in our nations debt. the nation wants a redistribution on steroids. just as the economy shows signs of real trouble. spending less in the stores. a paycheck arrives. we have not even mentioned the medical bills thanks to obamacare. this is not a healthy economy. the democrats want to get more stuff away and raise taxes to pay for it. that is really troubling. a political party is committed to policies which in my opinion will make things much, much worse. the next year, what are we going to do? the economy needs a shot in the
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stuart: look at this. sorry. british accent. would you look at this. close to 17,000. lease, look at this. nike is a fresh all-time high. they raise their guidance. they see a brighter future. in the future. bw. volkswagen. how about the german accent. recalling eight and a half million cars in europe.
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putting sears on that watch. bert flickinger. we have it on tape. the stock is up. the clock is ticking for joe biden. with hillary clinton solid debate performance, biden may have missed his chance. that may upset my next guest. watch this. >> why are you so keen on jill biden running? >> because i do not like hillary clinton. stuart: what is wrong with her? just learning about somebody on the campaign working for her. not being paid. you know, the foundation questions.
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i do not think she thinks that the rules apply. the narcissistic world that americans do not want to accept. >> that was tamera holder on tape. this is tamara holder in real life sitting next to me today. he is not going to run. >> not true. i'm going to have a job with you, if you like me, i will have a job or be on the show talking about hillary clinton, president clinton or president bush did in or the next nine years. i am sold. stuart: you practice that wine. hillary clinton had a solid debate performance. you wanted her to implode. you wanted terror to fall apart. stuart: no, i didn't.
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>> fox news solid debate performance. this is solid for me as a democrat to hear you admit something great about it. stuart: i put it to you. she did turn in a solid performance. that makes it much less likely that joe biden will actually run. furthermore, i don't quite have a description of him personally. i do not think he runs. >> i think he is wondering what to do still. stuart: you have to get in now or not at all. >> i do not know. i think that he wanted to watch the debate performance from afar. she did a solid job for the party. at the end of the day, i think that he is always said --
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stuart: 1952, the party. as in the communist party. more debate action coming your way. this time courtesy of the fox business network. we are hosting the republican candidates on tuesday, november the 10th. mark those calendars. we are also expecting to hear from john this hour. what can we expect? >> a heavy dose of policy position. the policy package includes a summary over you, five different factions and bullet points.
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here is just a little sliver. he wants to, he will announce that top rate down. he points out the same as ronald reagan's plan. increasing the earned income tax credit. eliminating the death tax. the rate would be reduced down to 25%. he will also unveil some pretty sizable overhaul. he will call for a freeze in nondefense discretionary spending. he also wants to reduce the government's role when it comes to transportation. education. medicaid. he would balance the budget within eight years. stuart: hard to condense it. >> well done. well done.
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ladies and gentlemen, we have to introduce to you a genuine star. that would be neil ferguson. welcome to the program. >> good to be here. stuart: you are a personality. two sides of the fence. two sides of the debate here in america. spend more government money. that will stimulate the economy. cut taxes. stimulate the private sector. which side of the fence are you on? >> i am definitely on the other side. spending more money that is not there. i think that there is one that,
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to turn this into a scandinavian country. stuart: what do you make of that? >> the kind of place -- stuart: not good role models for the great nation. it must be said to insist that we only get out of here. i do not think the americans are buying this. i think that it is a justifiable skepticism. that is one reason why this argument is ultimately heading in. >> taking the tax plan like some of the candidates, we cut the corporate tax rates. if we do those two things, does that give us 4% growth? >> likely to increase the growth rate.
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yes, corporate tax extremely high. this over regulates the economy. you have to learn from the reagan administration. i think even more importantly, tax reform. the laminate some of the traps that exists. look to the landscape. three businesses in my career. there are some lessons to be learned from the uk right now. and if i answer of all that, george osborne went and tried to bring it under control. the economy is coming faster. he has also done some significant reforms of welfare. jobs are being created. the labor participation rate is going up in the uk.
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stuart: where have you been all of these years? can't you sort of tell america the way to go? >> i am doing my best. the united states followed margaret thatcher's lead. stuart: is this 1980 all over again? >> i am looking at the field. >> do you see a ronald reagan? >> it would be asking a awful lot of any of those candidates. i am impressed by marco rubio. i think he is looking extremely impressive. the oxygen is all being inhaled by donald trump.
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>> a genuine star. thank you very much for being with us. it is time for that sector report. a number of, we have numbers from citigroup and that is helping. they are largely up to date. no huge gains. the financials, the group we are looking at, they are up today. how about this one. democrats have become a party of isolationists. a lousy economy. he is up next. he will make a case. ♪
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♪ cheryl: i am cheryl casone. take a look at the markets right now. we are back today. markets higher. the s&p up 11. nasdaq up by 40. nike hit a new lifetime high. apple of 1%. visa turning higher. netflix is the story here. subscribers on the netflix. that is a little bit more than a nine and a half% loss. looking at earnings after the bell.
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all coming up. see you tomorrow morning. fpn. nicole petallides, lauren simonetti mav me. ♪ opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.
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warning congress. unable to pay its bills unless congress takes action. liz, two-story here. number one, we are out of cash. liz: we are out of cash and we have been borrowing a lot of money. stuart: short term without paying any interest. about $1 trillion. no interest at all. we are paying a lot of that money to all programs of what bernie sanders likes. $1 trillion in overpayments since 2003. that has never been taken into account. >> $1 trillion. we have ran out of cash. >> paying for obamacare, if you wanted it.
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would you shut the government down because we refuse to borrow any more money? >> for one day, yes. [laughter] stuart: liz, thank you very much. big interview today on "countdown to the closing bell." jack lew talks with liz claman. 4:00 p.m. eastern. the fox business network. hillary clinton and bernie sanders. they were the focal points of the democrat debate this week. the two appeared to be quite friendly. bernie hailed hillary clinton out. dan henna juror is here. he let her off the hook. he single-handedly allowed her to walk away from this scandal. >> you brought it up and said i do not want to hear about the e-mails anymore.
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at which point, i thought that she was going to kiss him. she said, oh, thank you, bernie, thank you. it shook his hand. about where the other shoe will drop on the e-mail. let me just add, stuart, president obama said that he felt there was nothing they are inside this fbi investigation. that is intervening. as far as democrats go, they have taken her off the hook. >> what else do you get out of this debate? what did they assume in that debate? >> i think that we get a sense. now the democratic debate. i think the democrats have emerged as the new party of
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isolation in the united states. they do not want to go overseas for any reason whatsoever. president obama made that clear. we did not care much about the best in the world. all of those candidates made it clear they have no interest whatsoever in doing anything outside the landmass of the united states. they are saying that the economy is not in good shape. what is with that? hire us to do more of the same. the democratic party, this is the other thing that we learned, has no relationship for the private sector. they are not proposing anything that would incentivize participants in the private
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sector. they they're holding the parties or the public sector. we tell you what to do. we want a $15 minimum wage. i am proposing tuition free public higher education. when they asked him, he actually offered himself, how you pay for tuition free college education. he said i will impose a tax on wall street speculation. stuart: all good stuff. read that column today. all good stuff. if you have been putting off buying that big-screen tv, you may be in luck. i think we will be able to give you a low price in just a moment. ♪ it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good.
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prices? >> absolutely. they are watching this guy here. he looks good on the air, by the way. the largest electronics store in the world. helping run it with his brothers here. i want to put the numbers up. inflation zero. gas prices way down. you tell me how you feel about this economy right now. >> the economy has still been going good. it seems like it has been up. orders in the system are slowing down. stuart: i want to show you some of the other bargains. things like appliances in the rest. computer prices also way down. toys. airfare is down. >> that is a tough one. a business that has been down for a couple of years. >> okay. biggest appliance electronics
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. stuart: momeident obama will maa statement on his decision to keep 9800 troops in afghanistan. this is a shift in policy. we'll see exactly what he has to say when he steps to the podium, which should be moments from now. we are just receiving the latest on oil inventories. okay. this is important. there's a 7.5 million-barrel build gain in the amount of oil that we have in storage. that's why the price of oil is now down. still in the mid-40s, that has been there for what? three or four, five weeks. ashley: yeah,. stuart: but we're down a buck today, increasing oil we've got on tap here in america.
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look who's here. a real star in the oil business, former oil president john hofmeister. welcome to the program. >> thank you, stuart,. stuart: what do you make of that? it sounds to me we're not using as much oil and gas as we thought we were. >> well, there's always a seasonal draw back where we're producing more crude than we need. 7.5million barrels is about eight hours of consumption. >> it's not a large amount. stuart: so i can't say that's an indicator of a slowing american economy, i can't do that. >> no. it could change week to week. stuart: okay. you've got to talk to me about the global oil. stuart: and the. i keep hearing that expression. is that real? >> we're over producing about 1.5 million barrels a day versus demand where a lot of people got it wrong in the industry, if the demand growth slowed more than people expected. but otherwise, we were on schedule to meet the global demand growth of 2016, '17, and '18 which we will now miss
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because we've cut back so deeply in the industry that we will now miss whatever the demand growth is, we don't have enough oil. stuart: okay. so that's still your position. >> yes. stuart: we do have a. stuart: and the but pretty soon we don't have a. stuart: and the. >> probably not '16, probably '17 and '18 we will use up it up. stuart: we're not going to drop below? >> there's so much trouble in the world right now. stuart: yeah. >> so much geopolitical problem that has been created in the middle east that nobody knows. so that puts a little tension in the price. stuart: okay., john, hold on for a second, please. i want to pivot to brett is with us; is that correct? brett, come on in, please, because we just the two-minute warning on president obama and his statement of keeping troops in afghanistan, am i right that he's saying keep the troops there, that's reverse his policy. >> it is. this president wanted to pull
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all troops out of afghanistan just like he did out of iraq. this was his stated goal, it is a turn around, as the taliban takes on new territory. steward just in the past few moments i got an e-mail from the special opens commander with ties to commanders on the ground in afghanistan and before the president comes out, i want to read this to you. about 5,500 troops being kept past 2016. this president is obsessed with numbers rather than what the situation needs. if the afghans are struggling and losing major cities with 9800 u.s. troops, how will cutting them to 5,500 help after 2016? he's determine to fight his plan and not the enemy. he said afghanistan's major city in the east is currently being threatened by isis. and if it goes the way, cobble will be seriously threatened. again, that e-mail coming in moments ago and that gives you the perspective of the u.s. military's perception.
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stuart: yes. >> of this announcement. stuart: essentially what your messenger, the person who silt you that message is saying, look, the president is not doing the right thing. he's looking at numbers, he's predicting a draw down in the future, that's a signal to the bad guys this is what we're going to do regardless and that's not good policy. is that in a nutshell what the person who sent you that message said? >> yeah. he's saying that, listen, it's better than what was going to happen. . stuart: thanks very much, brett, let's listen to the president. >> good morning. last december more than 13 years after our nation was attacked by al-qaeda on 9/11 america's combat mission in afghanistan came to a responsible ending. that milestone was achieved thanks to the encourage and the skill of our military, our intelligence, and civilian personnel.
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they serve there with extraordinary skill and valor and it's worth remembering, especially the more than 2,200 american patriots who made the ultimate sacrifice in afghanistan. i visited our troupes in afghanistan last year to thank them on behalf of a grateful nation. i told them they could take great pride in the progress that they helped achieve. it struck devastating blows against the al-qaeda leadership and the tribal regions, delivered justice to osama bin laden, prevented terrorist attacks and saved american lives. they pushed the taliban back so the afghan people could reclaim their communities, send their daughters to school and improve their lives. our troops trained afghan forces so they could take the lead for their own security and protect afghans as they voted in historic elections leading to the first democratic transfer of power in their country's history.
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today american forces no longer patrol afghan vigils or valleys. our troops are not engaged and major ground combat against the taliban. those missions now belong to afghans, who are fully responsible for securing their country. but as i've said before, while america's combat mission in afghanistan may be over, our commitment to afghanistan and its people endures. as commander-in-chief, i will not allow afghanistan to be used a safe haven for terrorists to attack our nation again. our forces therefore remain engaged in two narrow but critical conditions. cranintraining afghan forces and supporting counterterrorism forces against the remnants of al-qaeda. of course compared to the 100,000 troops we once had in afghanistan, today fewer than
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10,000 remain in support of these very focused missions. i meet regularly with my national security team, including commanders in afghanistan to continually access honestly the situation on the ground, to determine where our strategy is working and where we may need greater flexibility. i've insisted consistently that our strategy focus on the development of a sustainable afghan capacity and self or we've needed to make adjustments in terms of our timetables, we've made those adjustments. today i want to update the american people on our effort efforts. since taking the lead they really year, afghan forces have continued to step up. this has been the first fighting season where afghans have largely been on their
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own, and they're fighting for their country bravely and tenaciously. afghans have continued to hold in most areas and when taliban has made gains as in back coalition support has been able to push them back. this has come at a very heavy price. this year alone, thousands of afghan troops and police have lost their lives as have many afghan civilians. at the same time afghan forces are still not as strong as they need to be. they are developing critical capabilities, intelligence, logistics, aviation, command, and control. meanwhile the taliban has made gains, particularly in rural areas and can still launch deadly attacks in cities, including cobble. much of this was predictable, we understood as we transitioned that the taliban would try to exploit some of our movements out of
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particular areas and that it would take time for afghan security forces to strengthen. pressure from pakistan has resulted more al-qaeda coming into afghanistan, and we've seen the mergence of presence. the security situation is still very fragile and in some places there's risk of deterioration. fortunately ghani and chief, there's a part that supports the partnership with the united states. during their visit earlier this year, president and i continued to continue our counterterrorism operation, and he has asked for continued support as afghan forces grow stronger. following consultations with my entire national security team as well as our international partners and members of congress, president ghani and chief executive
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abdullah, i'm therefore announcing the following steps, which i am convinced offer the best possibility for lasting progress in afghanistan. first i've decided to maintain our current posture of 9800 troops in afghanistan through most of next year, 2016. their mission will not change. our troops will continue to pursue those two narrow tasks that i outlined earlier, training afghan forces and going after al-qaeda. but maintaining our current posture through most of next year rather than a more rapid draw down will allow us to sustain our efforts to train and assist afghan forces as they grow stronger. not only during this fighting season, but into the next one. second, i've decided instead of going down to a normal embassy presence in cobble by the end of 2016, we will
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maintain 5,500 troops at a small number of bases, including in the east, and in the south. again, the mission will not change. our troops will focus in training afghans and counterterrorism operations but these bases will give us the presence and the reach our forces require to achieve their mission. in this sense, afghanistan is a key piece of the network of counterterrorism partnerships that we need from south asia to africa to deal more broadly with terrorist threats quickly and to prevent attacks against our homeland. third, we will work with allies and partners to announce their presence in afghanistan in 2016. in afghanistan we are part of a 42-nation coalition and our nato allies and partners continue to play an independencable role in
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helping afghanistan strength jeanettes security forces, including respect for human rights. and finally because governments and development remain the foundation force and progress in afghanistan with, we will continue to support president and the government as they pursue reforms. new measures have been appointed and president glani is working to combat corruption, strengthen constitutions and uphold rule of law. as i told president and chief executive abdullah yesterday, efforts that deliver progress and justice for the afghan people will continue to have the support of the united states, and we cannot separate the importance of governance with the issues of security. the more effective these reforms happen, the better off the security situation is going to be.
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we also discussed american support of an afghan-lead reconciliation process. right now it should be clear to the taliban the only real way to achieve the full draw down of troops in afghanistan is through a lasting political settlement with the afghan government. likewise sanctuaries for the taliban and other terrorists must end. next week i'll host prime minister of pack tan and to press the taliban to return to peace talks and do their part in pursuit of the peace that afghans deserve. in closing, i want to speak directly to those whose lives are most directly affected by the decisions i'm announcing today. to the afghan people, who have suffered so much. americans commitment to you and to a secure, stable, and
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unified afghanistan, that remains firm. our two nations have formed a strategic partnership for the long term and as you defend and build your country, today is a reminder that the united states keeps our commitments. and to our men and women in uniform, i know this means that some of you will rotate back into afghanistan. with the end of our combat mission, this is not like 2010 when nearly 500 americans were killed and many more were injured but still afghanistan remains dangerous. 25 brave americans have given their lives there this year. i do not send you into harms way lightly. it's the most solemn decision that i make. i know the wages of war and the wounded warriors in the hospital and the grief gold star families.
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but as your commander-in-chief, i believe this mission is vital to our national security interests in preventing terrorist attacks against our citizens and our nation. and to the american people. i know that many of you have grown weary of this conflict, as you are well aware, i do not support the idea of endless war, and i have repeatedly argued against marching into open-ended military conflicts that do not serve our core security interests. yet given what's at stake in afghanistan and the opportunity for a stable and committed alley that can partner with us in preventing the emerging threats and the fact that we have an international coalition, i'm firmly convinced that we should make this extra effort. in the afghan government, we have a serious partner who wants our help and the majority of the afghan people
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share our goals. we have a bilateral security agreement to guide our corporation. and every single day, afghan forces are out there fighting and dying to protect their country. they're not looking for us to do it for them. i'm speaking of the afghan army cadet who grew up seeing bombings on the attacks of innocent civilians who said because of this i took the decision to join the army to try to save innocent peoples lives. or the police officer in training to defuse explosives. i know it's dangerous work he says, but i've always had the dream of wearing the uniform of afghanistan, serving my people and defending my country. or the afghan, who said if i start telling you the stories of my life, i might start crying. he said because the
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fast eric bring peace, the faster we bring education and the stronger our unity will grow. only these will afghan be able to stand up for itself. my fellow americans, after so many years of war, afghanistan will not be a perfect place. it's a poor country that will have to work hard on its development. there will continue to be contested areas. but afghans like these are standing up for their country. if they were to fail, it would endanger the security of us all. and we've made enormous investment in a stable afghanistan. afghans are making difficult but genuine progress. this modest but meaningful extension of our presence. while sticking to our current,
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narrow missions, can make a real difference. it's the right thing to do. may god bless our troops and all who keep us safe and may god continue to bless the united states of america. >> mr. president, can you tell us how this decision -- stuart: hold on. is the president going to answer that question? >> this decision is not disappointing. continually, my goal has beenake every opportunity for afghanistan to succeed while we're still making sure we still meet our core missions. and as i've continued said, my approach is to assess the situation on the ground, figure out what's working, what's not working, make adjustments why necessary. this isn't the first time where adjustments have been made and probably won't be the last. what i'm encouraged by is the fact that we have a government that is serious about trying
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to deliver security and the prospects of better life for the afghan people. we have a clear majority of the afghans who want to partner with us and the international community to achieve those goals. we have a bilateral security arrangement that ensures that our troops can operate in ways that protect them while still achieving their mission. and we've always known that we had to maintain a counterterrorism operation in that region in order to tamp down any remergence of al-qaeda networks or other networks that might do us harm. so this is consistent with the overall vision that we've had. and frankly we anticipated as we were drawing on troops that there would be times where we might need to slow things down or fill gaps in afghan capacity and this is a
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reflection of that. it's a dangerous area. so part of what we're constantly trying to balance is to make sure that afghans are out there, they're doing what they need to do. but that we are giving them a chance to succeed and that we're making sure that our force posture in the area for conducting those missions that we need to conduct, we can do so relatively safely. there's still risks involved but force protection, the ability of our embassies to operate effectively, those things all factor in. so we've got to constantly review these approaches. the important thing i want to emphasize, though, is that the nature of the mission has not changed and our combat role has not changed. now, the 25 military and civilians who were killed last year, that always weighs on my
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mind and 25 deaths are 25 too many particularly for the families of the fallen. but understand relative to what was involved when we were in an active combat role and actively engaged in war in afghanistan was a very different scenario. so here you have a situation where we have clarity by what our mission is, we've got a partner who wants to work with us, we're going to continually make adjustments to ensure that we give the best possibilities for success, and i suspect that we will continue to evaluate this going forward as will the next president. and as conditions improve, we'll be in a position to make further adjustments. but i'm absolutely confident this is the right thing to do, and i'm not disappointed because my view has always been how do we achieve our goals while minimizing this strain and exposure on our men
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and women in uniform and make sure that we're constantly encouraging and sending a message to the afghan people, this is their country, and they've got to defend it. but we're going to be a steady partner for them. okay? thank you, everybody,. stuart: bottom line, the president made two statements. essentially two points about our troops remaining in afghanistan. point number one, the 9800 troops that are there now will stay through quote most of 2016. they're there to train, and they're going after al-qaeda. point two. by 2017, that will be drawn down to 5,500 troops. in other words, after the president leaves office, that's when the draw down comes. and he said it is vital to keep the troops there to stop terror attacks on our nation. that's what he said. monica with me. react, please. >> well, it would be nice to see the kind of passion that the president reserves for republicans and hitting guns and so on on matters of war
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and peace and america's national interest. you never see it, you didn't see it this morning. what you saw from the president is classic barack obama. this is about splitting the baby. so he's going to leave 9800 troops now because he's in the final year of his presidency, he does not want to see what happens in iraq with the precipitous troop withdrawal in afghanistan. meaning failing a flood staye. stuart: he said he is drawing down in 2017. >> correct. the final. stuart: certain for a draw down. that's a message to the enemy. >> yes. that is also true, which is what he did in iraq. but what he doesn't want to see in the final year of his presidency is a complete melt down of what we saw in iraq, it will be the next president's problem. stuart: quick to the big board, whilst you were hearing from the president, the dow now down, and the news suggests the economy is slowing. that suggests the federal reserve will not be raising interest rates, the dow is up 73. big day today. back in a moment
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what. you don't have a desk bed? don't be left in the dark. get proactive alerts 24/7. comcast business. built for business. tand that's what we're doings to chat xfinity.rself, we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. stuart: the apple watch better watch out. brave words from the swiss watch maker that has teamed up with google and intel to
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release their own smart watch, which they say is an apple watch killer. look who's here. the ceo making this brave claim, his name is john, welcome to new york. welcome. >> do i look like a killer? [laughter] . stuart: the jury's out on that one. okay. we've seen the apple watch. you say you've got something much better by the end of this year. what will your watch do that the apple watch won't? >> nothing. [laughter] it will do the same. we cannot do differently. we have two big partners, intel and google. stuart: yeah. >> it's not possible to do more than apple. we are not competing apple number one and number two we are presenting same features as we have in the apple watch but in a swiss watch. in the dna of a watch and.
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stuart: you're claiming swiss superiority. >> swiss difference. and the difference doesn't mean necessarily superior. but -- and you will see a well connected watch, you will not know if it's this one or not because it will have the same look. . stuart: okay. >> and that is new i would say. stuart: i've got you. the other week i was in the apple store in new york city, i looked at an apple watch, i was told i could buy one out the door for $482 on the button. $482 now, if i walked into your operation, how much am i going to pay for your watch? >> much more. [laughter] . stuart: how much more? >> $1,500 but you can also have the watch with your phone. you don't need to buy the apple phone. if you enter the apple store and you want to buy the apple watch and you have a samsung phone or whatever, you will have to buy the phone, apple phone.
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so apple phone plus watch phone at the end, you're close to 1,500. stuart: okay. i get the point. essentially you are now in the wearable computing market. that's what you've done. >> that is the novelty. swiss entering into the wearables. that is the entry, that is the big point. stuart: so you're not going to abandon watches like this, that is that's it a $5,000 watch, you're going to leave it here for me, i understand that, you're just moving on to wearable. >> exactly. stuart: first time swiss guys have done that. >> i believe so in that dimension. intel and google are two giants. when you have those two giants as a partner, that's enormous. now, we will never give up this type of watches. why? . stuart: because you make a lot of money. >> yes, we do. stuart: is this $5,000? >> it's $5,000, yes. stuart: i'm sorry i've got to
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go, but you better keep this away from charles payne, he's got a lot of very good swiss watches. thank you very much. appreciate it. >> thank you. stuart: and look at this. vladimir putin now he's getting aggressive. he's after the oil. full explanation in a moment big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy.
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see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. 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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stuart: if you read the washington times, you would read monica crowley with a very important piece, very poignant actually. she says vladimir putin wants to control the global oil supply. i think she's right. but this is something -- we're not used to hearing this. >> right. stuart: it's all about putin beating up obama, we don't know as you say that that's he wants. >> nobody has put the bigger pieces together yet as i did in the washington times. people said he wants to shore up assad or he's trying to, you know, he's acting out of weakness, which is what president obama has said. look, vladimir putin has never acted out of weakness, only national interest. holding a dependent on oil and analogous. what he's doing here under the pretext of fighting isis, stuart, is gaining a long-term strategy foot hold in order to put the squeeze on the country that is doing the russian
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economy the most damage by pumping a million barrels a day beyond their quota, which is saudi arabia. all of the weapons, the new iran, iraq, syria alliance that is now russian led is directed to saudi arabia. he's going to grab control of that new pipeline going through the three countries, cease control of that. stuart: and rockets in the saudis. >> yeah. exactly. stuart: those get messed up and the price of oil goes up. >> exactly and the power play is already working because you're talking about oil prices ticking up but vladimir putin is not in this for small victories, for all of the marble and that is the majority of the -- by the way, you saw the price down at the moment because there's a lot more supply in america, an extra 7.5 million barrels of oil, that's why it's 7.45. but, monica, we take your point. how about this?
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idealistic, nonmillennials, 18 to 20-year-olds, we're told that they're more conservative than their older peers. listen to what millennial has to say about this. >> representing large corporations? representing billionaires? are they just representing who's going to cut them the next check? or do they really care about the needs of people and what they need to get ahead in this country? . stuart: well, there's a young guy -- clearly leans to the left. but come on in, charlie, who is a millennial. let's suppose that this is true that the 18 to 20-year-olds appear to be leading more right than their older peers leaning left. a, is that true? >> i think more so than not. i think young people are starting to look at more free market, less government policies and ideas heading into 2016. we've seen this trend over the last couple of election cycles, and it's no surprise that after what we've seen from this administration since
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2008 the corruption that is inherent in the government and the policies, i think young people are starting to look at conservatives policies. stuart: now, these are the young people who will be voting for the first time in their lives, these 18 to 20-year-olds. >> that's correct. stuart: and i know that you want them to vote right, i understand that. and you're urging them on, that's what you do not for a living but that's what you do, you're urging them to vote right. but will they? can you stand there and tell me that x proportion, like, 50% of those 18 to 20-year-olds will vote republican. can you say that? >> there's a lot of factors, and it depends on the candidate, the message, and the infrastructure that is put in place. look, barack obama he didn't just win because he was a better candidate but he had better grassroots organizers finding young people on the college campuses and the road to the white house 2016 goes straight through college and high school campuses across the country. young people are going to decide. that's what we're doing at our organization. that's right on the front lines, and we see an incredible amount of potential. this whole idea that young
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premium in this rigid liberal left-leaning box, i think that's not true. the evidence shows it not to be true and our straight from the front lines is showing it not to be true that young people have renewed interest in free market values and ideas and it's because they're seeing that renaissance happening. stuart: real fast. in 20 seconds, if the vote were held today, would young millennials 18 to 20-year-olds, what proportion of that vote would go to republicans. tell me. >> it's so drastic depending on the nominee. so if it's someone -- i would say 40 to 45% but it could skew as low as 32%, almost as high as 50/50, it depends on the candidate. stuart: all right, charlie, we'll see you in the white house about 25 years from now. thank you very much indeed. >> thank you. stuart: something completely different. here's my possibility, an attack on judge napolitano. there's a setup for you. how about that? he's laughing. here's the story. tennis star, she's an legal battle with the u.s. senator
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association. she's alleging the usda was negligent because she slipped and fell in the locker room at the u.s. open. she says she suffered severe pain and economic loss. she is suing. don't know how much she wants, but it's a lot. napolitano is here. so -- >> you have no idea what i have to say about this. stuart: no, i don't, i've got a good idea. she slips and falls, it's not her fault. she shouldn't have looked where she was -- oh, no, certainly not, she shouldn't have been holding onto something, oh, no, certainly not, it's all those tennis authorities who have deep pockets, it's their fault, sue them and take their fortune, unresponsive agreement, aren't you? >> whatever the law is, the law is. the parliament writes the law, the congress writes the law, the legislature writes the law. do you agree? . stuart: it reputes the law in this kind of situation. >> because the law in new york is where this happened, the landowner has to provide a safe place to work. . stuart: so the landowner is responsible for anything that
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could possibly go wrong? i hate spiders. >> so calm down now. calm down. so if i'm walking down the hallway here and i slip-and-fall on water that doesn't belong there, and i hurt my mouth, and i can't appear on this show for a week rebuke are you pleased for that or do you want a remedy? . stuart: i'd sue the building. i see your point. >> i see how ridiculous this is, not only was she suing because the water on the floor, it was outside a bathtub where she was going to do -- rest her body, you would expect that there would be some water on the floor. stuart: my case rests. >> yes. stuart: the law looks ridiculous. >> well, you know what the law does in situations like this, throws the case out or addresses it by the doctrine of comparative negligence. stuart: you will never -- they never throw stuff out. >> actually they do, you don't read about it. who's more negligent, she for walking on water -- i don't
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mean that in biblical sense, or -- that just popped out. that? stuart: that was very good. if you walked on water, you've got no negligence case. >> you see what we can do with this case? [laughter] . stuart: time's up. i was right. thank you very much. judge, do come back. i've got to get to netflix because that is the stock of the day, the financial story of the day, at least one of them. they added fewer subscribers in america. what do they have in the pipeline? the stock down but what's in that pipeline? that's important, and we've got it for you next ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business...
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right now save $600 on the #1 rated bed, plus 24-month financing. hurry, ends sunday! know better sleep with sleep number. >> i'm cheryl from the floor of the new york stock exchange with your fox business brief, right now the markets recovering after yesterday's big hit it took on walmart news, right now the dow up 64 and the s&p up 8, the nasdaq up 27, and watching a couple of bank stocks, first taking a look at goldman sachs, the bank coming out a sharp drop in profit for goldman sachs and the stock is up despite the fact, and city group had a rise in third-quarter profit and actually we're looking a little bit better. real quick yahoo, check your hawaii why can't you have to mail today, some getting new features and you can no longer use a password, so password free yahoo mail if you check it out on the app and there's
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put in the pipeline to attract viewers in the future? what is in that pipeline? deadline dominic is here. can you give me a list? what's in the pipeline that's going to make our audience sign up for netflix? >> well, i've got to tell you, stuart, this week alone you're going to see some new content from them on october 16th, on friday, is the first of netflix's original feature films. beast of no nation starring the star ebris elba, so you're going to see that already, and a lot of movies coming up, with brad pit, angelina jolie and of course they're going to have another one of these hugely successful marvel-related shows, marvel is jessica jones, which is the second of the series four-year deal they have with disney and marvel. so this fall alone you're going to see a lot of stuff coming out of the pipeline. stuart: okay. so that's a strong pipeline. you like it. you think it's a winner. hold on a sec, dominic. >> yes.
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stuart: as we were introducing you, we were talking about narcos, they both said whoa got to watch this. narcos. >> so good. >> fabulous. stuart: can we roll a brief clip of narcos please. roll it now. ashley: it's that good. liz: ashley and i can act it out. stuart: there you go. >> in a poor country and by the time you were 28 years old, you had so much money you can't even count. stuart: that's attractive. ashley: well, it's great. based on a true story. liz: and you're watching it. stuart: is it as good as people in new york say it is? >> well, i have to tell you as a tv critic, i didn't give narcos the biggest thumbs up, i think it's an interesting show, i don't think this is the ultimate pablo story but there were some good attempts at it. having that said, netflix
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consistently has a strong, strong state. i mentioned daredevil now, netflix doesn't give out their numbers but we kind of know on shows like daredevil and frankie, the emmy nominated comedy, by the way, they're doing very, very well, and you're going to see those shows back. so you're going to see more daredevil in 2016. more grace and greinke, and of course more "house of cards" and this may be the real kicker for a lot of people. which is two things. first of all, netflix now has a deal with disney, that deal could include the new star wars movie that comes out at the end of this year showing up on netflix on late 2016, 2017. stuart: i'd love to see if you've moved the market because you're describing a very powerful lineup of future stuff in the pipeline for netflix. i'd love to see -- >> let me add one more thing to that, stuart, netflix is in japan recently. but they're not yet in china. but as i exclusively revealed
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a couple weeks ago, netflix ceo reed hastings, they were among the exclusive guest to the white house of the president of china. so if you're a tea reader like i am, you might want to look at that. stuart: look at the stock -- oh, no, that's disney. that was good stuff, and we appreciate you being here. maybe you'll move the market, maybe netflix will come back a little. good stuff. now this. ashley: not. stuart: it's not coming back. down 8%. watch it closely. donald trump calling bernie sanders a maniac and a socialist. monica crowley on that next. can't wait
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stuart: donald trump taking aim at bernie sanders. roll that tape. >> i watched hillary last night with we're going to give this, we're going to give that, she's a poor woman she's going to give everything away because this maniac that was standing on her right is giving everything away so she's following. munist what's happening. okay? nobody wants to say it. he's going to tax you people at 90%, he's going to take everything.
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stuart: you've got to admit, he's entertaining. ashley: great stuff. stuart: in a way, it's great stuff. >> he's telling the truth. bernie sanders is not calling donald trump a socialist, he's coming out saying i'm a democratic socialist. he refused to take capitalism, he does want a top marginal tax rate of 90% so everything trump said is true, and i have more respect for bernie sanders who comes out and -- stuart: whoa wait a second. >> than most democrats who believe this who is -- ashley: because they don't want the label. stuart: why did bernie sanders bail out hillary clinton on the e-mail issue? he jumped right in there unannounced, unprovoked and says i'm sick and tired. liz: i don't know if it was rehearsed ahead of time, but all of the candidates on the stage are not serious. they're running for different reasons, to build their brand or in bernie sanders case to
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expand the set of ideas, they know they're be the serious contenders. so when you're in that position unlike the republican field in which all of them believe they can win the nomination and they're probably right, in the democratic case, they're just there to basically support her and pro moat their own image. stuart: well, do you guys agree with this that hillary basically won the debate. ashley: , yes. stuart: because no challenge and therefore a better possibility to beat joe biden. >> what i saw was largely democratic and there's only one person that matters in this and that's the president and what he wants. doesn't want. stuart: do you still think there's a chance? >> biden is absolutely runnin. stuart: but he didn't look vigorous and dynamic the day after the debate when he was commenting on the debate. >> miss information. stuart: no, that's interpretation. >> that's fine. stuart: he didn't look like the guy that was about to embrace a presidential campaign. >> i believe he's going to run because barack obama controls all of this and that's what he
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wants. ashley: well, the polls show that biden does better than hillary. stuart: it's entertainment. ashley: yes, it is. stuart: what was that movie mgm great. that's entertainment. we're out of time. but there will be a tiny by the more varney after this opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor.
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>> it wasn't a debate. he handed the nomination over to hillary clinton, quite literally held her hand in the biggest scandal talking about the biggest scandal that he couldn't gone after her, which, by the way, did anyone forget there's still an fbi investigation going on, what she did is illegal, not clean, not above the law and saying americans don't care, americans care. stuart: megan right there earlier this morning on this program, did you know i think some of you did that we, this network turned eight years old today, and we got some comments about that. jimmy says this. thank you for bringing us your insights, wit, and wisdom for the past eight years. thank you very much indeed.
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and cathy says this. stuart, you and your team are the best. well, we appreciate it, cathy, i'm not sure you're right. but we do appreciate it. now here's the other guy. neil cavuto, oh, charles, it's you. you've got the spin-off of "varney & company." >> thank you very much. happy 8th birthday and we do have breaking news right now, on the federal budget, i am charles payne, by the way, and in for neil cavuto this afternoon, well, it's going to happen a lot sooner than a we thought, just saying the u.s. will hit its debt limit november 3rd, that's right around the corner. that means we're going to be bumping up around the credit limit on our national visa bill and if we don't act fast, we're out of cash but the big question is what is the plan? we're about to get fresh details from the man himself, jack lou, liz claman grills him today, 4:00 p.m. eastern time right here on the fox business network, you've got to see that. that is
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