tv Varney Company FOX Business October 30, 2015 9:00am-12:01pm EDT
9:00 am
great to see you. dagen: happy halloween. maria: happy halloween, dagen. we have a big monday coming up, morning with marias, i'm talk with richard branson and frank lutz, over to you. stuart: thanks, maria, we'll take that show. i'm not on life support, just jeb bush, but the candidate is under pressure like never before. good friday morning, everyone. that debate had consequences. beb appeared to lose the fight with marco rubio and now, the pundits are questioning his continued candidacy. peggy noonen says, a big hitter in the punditry, all of jeb's money has gotten him nowhere. and rubio picked up $750,000 right after the debate.
9:01 am
what grade would you give to president obama? we learned we're down to 1% growth rate. hillary clinton gives him a "a", we're wrapping up the big stocks of the year. and watch at the tech stocks go. "varney & company" is about to begin. ♪ all right where are we going at the opening bell? 28 1/2 minutes from now? we're going up a little bit. we're going to go up about 30, maybe 40 points, know the a bad way to start the day. remember, this is the last trading day of the month and october was terrific for stocks. the dow industrials have gained almost 2000 points. we saw that out of 16 k and now we're close to 18 k. what a month. higher profit at linked in and got more money coming in. they're going to open much higher, maybe a gain of what would that be?
9:02 am
trying to do the math. 14, 15% linkedin going up. gas, 2.18 the national average, but nine states under $2 a gallon. i'm going to jersey this afternoon to buy gas, i want 1.75. scott shellady. >> not today. >> my way the introducing scott shellady in the studio. even i know who this is cal ripken, baseball legend. stop laughing. i know who he is. he broke that record. ashley: the game-- >> what record did he break? >> lou gehrig. stuart: i interviewed him, he's on the show. a great guy, a legend. all right, where are we right now? we've got an election alert. yes, we do. the wall street journal's opinion page, an interesting
9:03 am
piece from peggy noonen, she questions the future of the bush campaign. here is peggy noonen. bush, jeb, he has not succeeded this year and there's no particular reason to believe he will. yes, he still has money, but what has money got him so far? joining us is the former co-chair of jeb bush for governor in florida. jeb says he's not on life support, ed, but under a great deal of pressure. here is my question, what can he do to reinvigorate his campaign and quickly. >> he has to be looser. he understands, he has to go to his heart and show his heart and passion to the american people and tell people he's passionate creating an environment like he did in florida when he created an environment that produced 1 is.3 million jobs and he cut taxes by 19 billion dollars. those are the things he needs to show he's passionate on.
9:04 am
maria: you've used the right word. he's got to show his passion and so far he has not. he doesn't come forward the way some of the other candidates have done. so, here is my question, did trump almost knock him out with that statement that he is a low energy candidate? >> no, i think he's anything, but low energy. it's not the ability to debate, it's the ability to govern that's key here. stuart: that's not what voters perceive. i'm sorry to keep interrupting you. you know the score here, he's perceived as a low trrg guy. he has not broken through on the debate. in fact, he was beaten by rubio. >> i would agree with you that we need to see the passion that we saw in florida. he needs to bring that. the ball is this his court to show his passion and his reason why he's running.
9:05 am
he has to present the american people with a rational for being. i think he can do it. stuart: politico breaking a couple minutes ago. the candidates are going to meet sundays and discuss the forth coming debates. the interesting point here is, the republican national committee is not going to be there. this is a revolt by the candidates against the bureaucracy, the republican party, if you like. what do you make of this? >> well, look, the candidates the other night were treated very poorly and if you compare what occurred a couple of weeks ago, the suspectic love fest opposed to pitting one candidate against the other. i think they're right to try to take control of the process. it is their messages and reputations on the line. if they want to be president they've got to have a clear
9:06 am
shot at an opportunity to speak directly at the american people and present the differences. our members are better, but look, we've got to be better in clear and concession messaging. we can't work through the filter of what we saw. >> jeb bush needs a powerful one liner and getting it out there and saying it with passi passion. stuart: thank you. fox business network and wall street journal combined to bring you real debate. we'll go at it november 10th on the fox business network, guaranteed. look at this, weak growth in the third quarter, way under 2%. the annualized growth rate. a miserable 1 #.5%. hillary clinton gives probable "a" on the economy. he's here, scott shellady. >> good morning. stuart: let's suppose that principle wins the president.
9:07 am
she gives him a "a" on the economy and what would you expect? >> if she gives a "a", that means we'd have more of the same. i'd give that a "f". there's an all-time low participation rate. where is the good news they're talking about and what happened to the second half of surge. that hasn't happened. we've seen the gdp revised, lower and lower and lower. how many times have we gotten together the early part of the year. things look better and everyone is oh, this is it, this is it, the takeoff point. for always, seven straight years, always disappointed. >> for now we can't use lift-off or velocity now. those words are now illegal because we just don't have them. that's the proper.
9:08 am
the central bank greet that we've seen is not true economic growth, we are going to continue with this all around the world. >> so, with other banks moving to ease their currencies and make themselves more competitor. it's kind of doing the fed's work for them. and that's making our dollar stronger and that's the problem. >> it's the same with you, ashley. they come up to you and say are we going to crash? that's what they say. >> i hope we don't have a crash, but we could see ten years of just languishes sort of like japanesesque. there isn't anything coming. maybe it's technology later on, but not today. stuart: scott, thank you very much. an iranian businessman who promoted improved ties between iran and america.
9:09 am
well, he's been arrested in iran. ashley, you have more details? >> he's an executive with an oil and gas company, he's done his schooling in the u.s. and rust. arrested when it's an at that ti time-- and when it's a pattern, and stomp on people who promote vee political environment or business environment. whether that person did that, who knows? his parents live in eye rap a and-- iran and this was a global leader in 2007. "the washington post" reporter was just convicted last month on espionage charges and we don't even know did $. >> i'm going to come out and say, that young man is another hostage. are you going to take me on.
9:10 am
ashley: john kerry has ignored the postman. >>. stuart: that's the a no lawyer, i wonder if it will come to his health or if we'll say a word in his favor. ashley: don't hold your breath. here is a big story, especially for me. i'm going to try my hand at on-line shopping this year. >> shocking. how 21st century. stuart: i'm not just trying it out, i've done it before. target is covering free shipping on all on-line sales this highland season. yo is, come in. >> this is their fight against amazon and for the second yooer in a row, target is offering free shipping for on-line orders during the holiday shopping season. no minimum purpose. look at last year, free shipping helped their digital
9:11 am
sales increase by 36% in the last holiday season. target announcing it vuk a new deal with border-free. that might be helpful to ship 2 200 territories. if you step food in a target, they plan to odd more home decor and improve its clothing selection. wall is rolling out new holiday discounts starting this senz. that's november 1st, the day after halloween. stuart: i like the eyed of shipping easily outside of the united states. you and i both-- >> yeah. stuart: you do, too? we're such international people. >> we are. maria: take a look at the surveillance video, shows the deadly shootout between biker gangs.
9:12 am
9:15 am
>> two warnings for the united states. the first one from russia. members of its military responding to news that the u.s. is launching a ground operation in syria. russia says force by any country is, quote, unacceptable without prior approval from the syrian government. china telling the u.s. its a,s in the south china sea could spark war. u.s. ships have been within
9:16 am
miles of the man made island. it's a provocative act. and british intelligence that isis is planning mass terror attacks in the u.k. come in former cia officer mike baker. this is unusual for such a public warning of such a catastrophic event. we're not used to this. >> it's not completely unusual. it's not unheard of. mi-5, i've worked with them in the past, i started my company with a former member of mi-5, it's a very professional organization and know what they're doing. he's come out and done it for two reasons. they've had over 700, maybe 150 u.k. citizens travel to syria in the recent past to join isis, the islamic state. that means potential for 750 or so people to come back into the u.k.
9:17 am
they've thwarted over half a dozen plots in the recent past that were attempted by the islamic state in the u.k. so this is a growing, a seriously growing threat. the other part, they're preparing for a debate in parliament next week, i believe, for what's called the investigation powers bill. they're trying to set the table and the community in the u.k. have been trying to set a table about the u.k. authorities and so they're trying to say, look, it's fine we can have a debate about it, but they're trying to be more transparent about what they need. >> some of the measures which they prepared are draconian, closing mosques at a last resort and also revoking the passports for anybody who goes
9:18 am
overseas. they're discussing draconian proposals. >> if i am interrupt, i think that take the passport of someone who has been there makes common sense. stuart: you're right, i'm backing right off that draconian comment. this is a somewhat related story, that extraordinary video keeps coming from from the migrant crisis in europe shall the refugees are streaming across slovenia and it's warning europe, another million is on the way. it's a humanitarian crisis, we've got that, but that's a terror threat basically, isn't it? >> absolutely. you're absolutely right to connect these two stories. mi-5 talking about the increase and literally saying they have not seen this level of threat
9:19 am
in their recent past, including going back to the 9/11. yes, they have this problem and they've developed a part of the problem in the u.k. in particular and other parts of europe, over seven generations warrior they've resisted in a sense or not fought for assimilation of immigrants coming into their countries. they said celebrate your own cultures first. so because of that, you've got isolated communities that would argue in the u.k. and elsewhere, they've got also the problem that we face, which is how do you vet these individuals coming in? how do you vet a large majority of young males coming from your crisis. so they don't have this, this is not just a recipe crisis of humanity, but he poses a serious threat. stuart: that's why you need draconian investigation.
9:20 am
>> this bill is something that people will watch closely and there's the top line, they're making a grab for surveillance. i stay step back and realize what's happening. they're just trying to stay ahead of the technology and we're not trying to get a sweeping batch of capabilities, we're trying to stay ahead a step for our citizens and our homeland. a man spends 40 years collecting pennies in jars, almost two tons of them. you won't believe how much he saved, their value. from good warnings to crime, john is here to explain it all, more varney in a moment. ♪
9:21 am
awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right
9:23 am
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.
9:24 am
9:25 am
you? >> i don't know, just get you. >> don't put a snake near me. >> roaches, the ones that fly. stuart: that he's scared. that was a clip from a new stossel episode that airs tonight, discussing irrational fears and how the government benefits from them. >> give me an example of a fear which is exploited by the government for government benefit. >> global warming. epa, fear of crime, give more power to the police. fear of ebola, everything we're scared we say the government needs to do something, we give them more money and power. stuart: i mean, the threat of eboila and terrorism, isn't that a reasonable government response? >> with what are the big risks and small risks, i was driving
9:26 am
in the rain. stop telling us global warming. stuart: i think you've got a point, it's rare, but what time is it on. mari maria:. >> fox business network. and coming up wall street and opening bell, the stocks will be higher, yes, just a little. i'm telling you, because i say so. there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution. guaranteed. did you see it? in one second, he made a trade, we looked for the best price, and the trade went through. do the other guys guarantee that? didn't think so.
9:30 am
>> almost exactly 9:30 eastern time. that means the stock market is open as of right now, this friday morning. we're expecting a very small gain for the dow industrials, but do remember this has been october, the best month for stocks in several years, actually and we've opened just a little bit higher. 17, 764, how about that? i want to bring to your attention, the share price of exxon. oil is cheap, but they made a healthy profit after cutting back on spending. the stock is up a fraction at 82. and however, hillary clinton endorses a federal investigation of exxon. allegations that it misled the public about the risks of human cause to climate change. we're on that story.
9:31 am
joining us is scott shellady. ashley webster and liz macdonald. all right, i want to start with starbucks, where is that this morning? they're forecasting a not so merry christmas. it doesn't matter, there are nearly at $64 per share. i'm intrainged at that-- i'm intrigued by that forecast, not such a great christmas. that fits your theory, doesn't it, that we're winding down this economy? >> absolutely winding down the economy. out of the gdp numbers, they're a testament to that. going forward there's going to have about an innovation, but something that's going to boost our average everyday spending. >> i want to get to lee. we've got a clearly slowing economy and we've got a rising stock market. do you want to explain this for me? >> well, you know, all that's happening right now, profits are starting to go down.
9:32 am
we had this great correction in august and now everybody is putting money in this thing, because we've rebounded off the august lows from a technical basis, doesn't mean there's no pain going forward. earnings season has been great and iphone selling 48 million, billion phones, it doesn't matter because once we get into this christmas season and see how disappointing it's going to be, it's going to be a problem for next year. starbucks is one to watch. with that perfect company says we're concerned about people rewarding themselves with a starbucks. that is a better weather than selling me how profit's declining. >> it's like scott and i, are we going to have a crash? the other is, why is the stock market close to record highs? it's the same question. >> it's the mom and pop, they can't put it in the bank and put any money on it there.
9:33 am
and the behavior becomes more and more dangerous, and that's what we're seeing. >> there's a completely artificial environment. it doesn't reflect what's going on in the economy. >> the federal reserves are up and lowers interest rates so you don't get anything on a bank cd or a band so you go to the stock market. >> it's stunning the u.s. growth is less than 3% and coincides when the fed got into the market. a lot of money is going into huge technology companies, not going to capital-- >> they're not going into small caps, know the going into small caps where places where you need liquidity. when you see the dollars going into starbucks, facebook, they can expects more in market company like that, look where the small cops have not reached new highs and nothing going a
9:34 am
good three months. stuart: it's amazon, facebook, oracle, google. >> this is the same from 15 years ago. a little bit. stuart: we're not quite the same as a dot-com bubble period. i remember when jds uniphase was worth more than general motors in 1999. crazy days, wonderful in some respects. >> i loved it. >> what you have to realize nobody talks about, the fact that we're technically in an earnings recession. an earnings recession. wall street doesn't look at things like good or bad. wall street looks at things that are better or worse. with all the rhetoric when you're in an earnings recession, it's perverse along with stocks rallying on the back of bad news. since we had the last swoon we only had bad news. stuart: and i bring you link
9:35 am
linkedin, that stock is way up. >> what's going on? >> the sale grew nearly 40%, even though the profits didn't-- >> how much? >> grew nearly 40%. this company is beating twitter in its user growth. its second biggest market is india and going like gang busters in china. stuart: nicole, a couple of solar stocks there. what's the news on solar stocks? >> well, here is the stock, it's down 18 1/2%. this is an i-- atrocious. here is the thing, you have the government reducing the tax credit for the solar products. the tax credit will go to 10% from 30%. and they're rushed to do the installation. this is elon musk and wider than expected loss. stuart: cut back on the tax credits and down go the solar
9:36 am
stocks, that tells the story. what about first solar? nicole: same industry and why are they doing well? this is off 11%. number one they sold a stake in a project. number two, they're expanding abroad to soften the story in the u.s. and tax credits and number three, they, as well as solar city will benefit as they hone in on greenhouse gases. that's a good for companies like these. stuart: nicole, i'm going to be watching you monday morning, 5:00, bright and early, i know you anchor that very early show, we watch that show, fbn a.m., i'll be there. and other names we'll be watching for you. expedia, look at that, an 8% gain. stocks names that you know, up and down. how about baidu? the chinese version of google, the way we put it, for example. where am i going wrong, scott? stop laughing at me. [laughter] >> more ad money flowing into
9:37 am
the core research or search engine business and that thing is up 7%, that's baidu. how about valeant, that's a different story. liz, the rest of it? liz: well, he's on a conference call hotly defending valeant lost 60% of market capitalization since august. this comes on the heels of three pharmacy benefit managers cutting ties to that specialty pharmacy company that valeant has business with. and some are saying it's only an investor relations problem with valeant and he's out now defending them. this is a hot stock today. it's under pressure. stuart: it is. how about pfizer and the maker of botox, that would be allergan. the deal is in the works, so we hear, this would be another american company driven overseas by high u.s. taxes. have i got that right.
9:38 am
ashley: pfizer one of the big est companies around for 156 years. allergan is based in dublin where it's domiciled for the tax. last year pfizer paid 26 1/2% and allergan an effective tax rate of 4.8%, it's not hard to see where the benefits are. stuart: they now say we're an irish company, based in dublin. they pay that tax rate and not this one liz: this is where you'll see allergan start to pop. we don't know what the value of the deal is. ford nor allergan to be happy, watch this, shareholders have to own more than 24% of the combined company. that means that pfizer may have to pony up way more to comport with u.s. rules going down. carl icahn announced he's kicking in 150 million to fight carpet tax inversions just like this. stuart: they're never going to--
9:39 am
the administration is never going to lower the tax rate. >> they keep treating the symptom and not the problem. the problem is that taxes are just too high here liz: the rule says the foreign company, foreign investors have to own a fifth of the stock and could raise it to 40. and pfizer may have to pony up way more than expected to buy this company overseas to comply with the rules. stuart: if they get a huge tax break forever and ever and ever liz: watch that deal get sweetened. stuart: moving swiftly along. general mills is trying to adapt the way we're moving away from processed food. i'm not sure that general mills puts out much processed food. they're cereal people. >> how processed is the cereal? shouldn't be that processed, no. stuart: everything they make is processed, i'm told. >> everything. >> well, the problem-- the double negative here is that with the commodity prices
9:40 am
going down, they should be doing better if they're not doing better in a better environment for commodity prices for them. that's bad. stuart: not much of a hit. 58 on general mills. we're almost ten minutes into the trading session, we're up ten points, 17, 776 i should say. ashley: very patriotic. that's an important number. the end of the month, it's been the best month of stocks in four years, lee munson, come on, explain it to me again. we were close to 16,000 the beginning of the month and now closing in on 18,00030-- 18,000 30 days later. >> put it into context, money is flowing in like you said,
9:41 am
stuart. names people know, things people are familiar with and that's what we're looking at. if you go off and look at anything that's smaller, that needs more, what's called liquidity. remember, liquidity in the stock market is like energy. i we need it. so, we're seeing significant cracks in those mid to smaller names that don't have liquidity and we're seeing all the money rush up. remember, the dollar's not doing too shabby. you've got money from overseas going into the biggest names. this is a fake movement. i know the market looks great, but right now, if you need to rebalance, i would be taking back large cap exposure and i know the fed is going to keep pumping-- >> there are two stocks that pumped up the market and more new highs. look, first of all it's starbucks as we told you earlier, it had almost a 64 earlier, that's a new high. amazon is up 626. it happened a little higher than that this morning. those are the kind of stocks where all the money is flowing
9:42 am
in, especially the technology guys. how do you, how do you capital traders feel about the money flowing in amazon and stuff? >> we've seen money flow out of the commodity sectors for three and four years now. if you look at them trade at five year cycle lows. and also i cold you before a harbinger of things to come. these indexes tell us where we're going and when we're at five-year cycle lows this economy is not getting better anytime soon and that makes. stuart: see what you did? the dow was up 30, 40 points fly to new york and liz: flattened it. >> just because it's going up doesn't mean shouldn't take profits. i've been doing it all week. i'm happy the market is where it's at. i thought we'd go down. clients need money, my clients are retired, live off the stuff. instead of selling it--
9:43 am
>> i've been thinking of selling some microsoft for 15 years. >> it's called hope and change. stuart: i live in hope, yeah, that's right. scott shellady and lee munson, appreciate you being here. a revolt in the g.o.p., the republican party. the candidates are said to be plotting against the bureaucracy of the republican party because of that embarrassi embarrassing cnbc debate. how about that. and space junk coming to the united states and now, listen to john lennon has we go to break. ♪
9:44 am
hey, how's the college visit? you remembered. it's good. does it make the short list? you remembered that too. yea, i'm afraid so. knowing our clients personally is what we do. it's okay. this is what we've been planning for. thanks, bye. and with over 13,000 financial advisors, we do it a lot. it's why edward jones is the big company that doesn't act that way.
9:47 am
>> it's the day before halloween shall that's why we're showing you this video of a large pumpkin. another real one, obviously, rolling down the street in arizona, broke free and crossed multiple lanes of traffic and got stuck underneath a traffic light. move along people. how about this a louisiana guy cashed in more than half million pennies saved them for 40 years and filled five 15-gallon water bottles and weighed nearly a ton and a half, that's $5,000, close to it. and a gain of five points, ab inb inbev, the parent company of budweiser.
9:48 am
boston beer maker sam adams, cut the stock because the outlook was not great, 12%. some stocks move. we're hearing advisors to several presidential campaigns are planning a private meeting straegize the rnc and television stations to address their debate concerns. this seems to me to be a revolt on the part of the republican candidates against the rnc, the bureaucracy of their own party. >> it looks that way. stuart: that's what's going on? >> i don't know if it's such a bad thing. i don't think that anyone he enjoyed the debate no matter which side of the aisle. stuart: you watched it. >> yes. stuart: i'm a conservative kind of guy. >> i've heard that about you. stuart: and i was appalled the way that debate was handled and the snarky questioning and the
9:49 am
p pompocity of john harwood. >> on the rubio point. stuart: lots of items there. how did you look at it. surely, did you have a negative response? >> probably not as negative, but i definitely, i'm looking for substance from the republican candidates so i know how to criticize them better and you didn't get a ton of that out of this debate. it was supposed to be straight up on the economy and we saw issues. >> moderators who are democrats provoked that nonsense that kind of questioning. they didn't want substance, they wanted a fight. >> and donald trump said or portrayed that they called donald trump a clown, but they said he was running a cartoon campaign, but talking a specific policy, build a wall with a door in the middle. some things taken out of context. i do not think it was good job. stuart: i have no reason at all to complain about any debate among the democrats, have you? >> i have seen to complain we
9:50 am
are not going to have enough. >> i don't think that all of them were patsy questions, either. anderson cooper led by saying, hillary you're a big flip-flopper, what's up with that? that doesn't seem like a patsy question. stuart: where is the next one? >> who knows? if in a few weeks. we've only got six, that's problematic, a pushback on debby wasserman schultz. stuart: no point, you have one candidate. >> we don't have one candidate, bern ji sanders-- >> pick her as his vp. that would be the pick. stuart: and no question, hillary is the nominee. >> that's what the polls say. stuart: are you happy about this? >> i am happy. stuart: she gave president obama a "a" on the economy.
9:51 am
>> i might have gone a-. >> i'll give you the average, 2% growth. the worst recovery since world war ii, the worst, and hillary would give him a "a", and more of the same? >> hillary clinton is going to be leading much more in the middle than is being portrayed right now. i hear it. this friday-- >> by name and policy. stuart: you said she's going to skew back to the center after she's gone way out on the left. >> unfortunately that's the way it works and the party play into that, she needs to get out there and get the union vote. this is not who she actually is. >> yeah, we're telling them all day she has to tack left to get back to the middle.
9:52 am
you're going to like it. stuart: that's her vision, how to lead to this to get this vote and then bingo out to the center. >> if we had centrally financed-- >> and government tax money out of sanders and clinton. 18 trillion is what bernie sanders wants to spend and freebies from hillary clinton. this economy, the growth is built on our money. stuart: got five seconds. >> i don't consider them freebies, they're investment in our country. red light on. stuart: earned income tax credit, i want to invest in it, the way to-- >> that's unfair what you just did. >> happy halloween. stuart: and space junk headed straight for us. nobody knows whoo it is, but we do know where it's going to land and we're going to tell
9:54 am
are you on medicare? do you have the coverage you need? open enrollment ends december 7th. don't put it off 'til later. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare.
9:55 am
these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a low monthly premium, or in some areas no plan premium at all. unitedhealthcare doesn't stop there. you'll have $0 co-pays for preventive services... like an annual physical and most immunizations. other benefits can include routine vision and hearing coverage and the pharmacy saver program gives you access to prescriptions as low as $1.50... at your local pharmacy, in retail locations like these. or pay zero dollars for a 90-day supply of your tier 1 and tier 2 drugs, delivered right to your door. just a few ways we connect you with the people and programs... to help give you a better healthcare experience. call to enroll today and enjoy these benefits and more,
9:56 am
like renew by unitedhealthcare, that rewards you for making healthy choices. your healthcare needs are unique. that's why, with over 30 years of medicare experience, we'll be there to help you along the way -- we can even schedule your appointments. open enrollment ends december 7th. so don't wait another day. if you're medicare eligible, call now... and talk to unitedhealthcare about our plans, like aarp medicarecomplete. let's get you on the right path. call unitedhealthcare today. ♪ >> news flash, there's a piece of space junk coming right at us. from space.com, where is it going to land? . south of sir lanka over the indian ocean if any of it makes it to the surface. stuart: how big is it?
9:57 am
>> about three to six feet, they can't tell. stuart: not a problem. however, put the graphic up, please. this is other space junk. ashley: wow. stuart: that's all the way around the earth. each of those dots is a piece of junk, right? and each of those pieces of junk crash into a satellite or the space station, would do serious damage, right? >> absolutely. so this is a problem that the space community is thinking about. stuart: what are they going to do about it? there's a lot of ideas, scientists are monitoring it, we know where millions of these are and keeping them safe. stuart: if i'm sitting in the space station, i can see this stuff coming at me with radar, right? >> you have people watching it for you who will let you know. stuart: what do i do if i see it coming at me? duck? >> they can move it, it's part of regular operations for people that are close. this is growing, we keep putting more stuff into space
9:58 am
and there has been very rare, but have been collisions. stuart: you people have got to do something about it. okay? quit putting junk out there. now this, hillary clinton says that president obama deserves a "a", on the economy. what do you think about that? back in a moment. r told me r told me i may reach my blood sugar and a1c goals by activating what's within me. with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicity responds when my blood sugar rises. i take it once a week, and it works 24/7. it comes in an easy-to-use pen and i may even lose a little weight. trulicity is a once-weekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes. it should be used along with diet and exercise. trulicity is not recommended as the first medicine to treat diabetes and should not be used by people
9:59 am
with severe stomach or intestinal problems, or people with type i diabetes or diabetic ketoacidosis. trulicity is not insulin and has not been studied with long-acting insulin. do not take trulicity if you or anyone in your family has had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2 or if you are allergic to trulicity or its ingredients. stop using trulicity and call your doctor right away if you have symptoms of an allergic reaction, such as itching, rash, or difficulty breathing; if you have signs of pancreatitis such as severe stomach pain that will not go away and may move to your back, with or without vomiting; or if you have symptoms of thyroid cancer, which may include a lump or swelling in your neck, hoarseness, trouble swallowing, or shortness of breath. medicines like trulicity may cause stomach problems, which could be severe. tell your doctor about all your medical conditions and any medicines you take. taking trulicity with a sulfonylurea or insulin may increase your risk for low blood sugar. common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. some side effects can lead to dehydration, which may cause kidney failure. with trulicity, i click to activate what's within me.
10:00 am
if you want help improving your a1c and blood sugar numbers with a non-insulin option, ask your doctor about once-weekly trulicity. and click to activate your within. >> 10:00 eastern time. hillary clinton says president obama deserves an a for handling of the economy. and dan henninger, he's right. if hillary is elected, we get four more years of president obama's economic policy and that's not all. clinton also says that government should investigate, exxonmobil. why? because of global warming. >> she wants a full scale investigation of big oil. >> on politics, it looks like there could be trouble inside the republican party. reports that top candidates are meeting without the republican national committee. it looks like a revolt.
10:01 am
it's game three of the world series, the mets down two games and cal ripkin is here. i've got a news alert for you. ♪ all right, now let's get that news alert. check this out, this is live video from slovenia and austria, the borders of those countries. thousands trying to cross the border and get into the austria. we understand it's an ugly and grim sight. earlier today, turkey announced there are another million migrants are on their way. now, this is a march from north africa, it goes through turkey, it goes into greece, into the former yugoslavia and right up there to the slovenia-austrian border. they're desperate to get inside western europe where there is apparently a waiting committee.
10:02 am
germany says they'll take in 800,000, there's more on their way. ashley: the u.n. estimates 700,000 made their way into europe and another million on their way. we've never seen anything like this before the second world war or maybe before that. it's a wave of humanity. and 22 people just drown in the last 24 hours trying to get across to the greek islands and and then up north all the way to europe. it's a daily occurrence, 9,000 a day landing on the greek island of lebo. and-- >> what-- the eu a swamped and their response is getting messier by the day. stuart: tammy bruce, i know you're looking at this just coming into the studio, but i don't see a solution here. i see a humanitarian crisis. you can't let people die on the street in europe or any place for that matter.
10:03 am
you can't do that. on the other hand, what are you going to do with maybe, one, two, maybe even three million people? >> it's a highlight of the failure of europe and the western world. it's now clearly, you see these, the video here, it's extraordinary, it's an invasion. remember, it was at first to help the syrian people and it's clearly now not a syrian issue, and they still seem to be unable to stop it, this will be ultimate arguing, this could be the breakdown of the eu itself. and that helpless, it the western world that helpless? we're going to see. it's more than a tragedy and deliberately, i think, can affect the nature of the western world. >> we're heading toward winter and it's critical for these poor people stuck out in the open. stuart: what do you do? what do you do? no solution whatsoever, i don't know, but it's a crisis and here it is. more about this. and next story, hillary clinton says she would give president
10:04 am
obama a "a" for his handling of the economy. tammy bruce, the aforementioned, aforeintroduced is here. what would you give hillary? >> a d for deluded and give president obama the f he deserves. and the growth lower than that, stagnant. how many summers of recovery have we had? the new record of americans who are out of the work force that speak to the horrible nature of the economy, people working two and three part-time jobs. more americans, i think, the majority of americans have less money in their accounts than they did even before the economic crash in 2008, but what we have to make sure is the left will continue to say their fantasy, and you know, business people have to make sure that-- and this network has to make sure people know the truth of what's happening. stuart: our responsibility, this network-- >> it is, they're subjective --
10:05 am
they're objective facts, and you've got the fox network and objective facts. ashley: whoever that candidate is against hillary clinton, they're going to have a field day with that, and say you give this economy a "a", it would a benefit from him. stuart: the line from ronald reagan, are you better off than you were four years ago, the answer is no, and he won hands down. might be a resurgence of that. another one for you, tammy, and that's hillary clinton. she says she supports and wants a probe of exxonmobil. she says that they misled the public on global warming. they've been doing it for 40 years. now, this is the government all over the oil companies using a global warming as an excuse to individual.
10:06 am
>> isn't that rich, the entity that effectively moved the hoax of the global warming are now pointing the finger at a company and richer my hypocritical dynamic of hillary clinton wanting someone investigated because they misled people? i mean, you talk about projection and that should be exxonmobil's response. we're going to listen to government officials who have been misleading the american people about virtually every single issue and now we're the problem? >> are you saying-- you used the word hoax. you think this is a hoax, global warming is a hoax. >> we know that the major data center in england was caught changing their numbers and faking numbers. we have the details of the fact that the earth's temperature and that the weather temperature has not increased in almost two decades. i mean, these are also objective facts. >> it's not about feelings about if it's warm because it's summer or cold because it's winter. we have objective facts about the nature of what's occurring,
10:07 am
fewer hurricanes, fewer severe weather episodes. but these are conversations that the scientists who rely on government money, if you do -- if you dispute this, then your money is cut off. you want to talk about a hoax and about misleading people, this is projection at its worse. ashley: i wonder if exxon has a private e-mail server. stuart: car -- sarcasm on a friday. works for me. and charlie is here, we always think he'll be the president in 20, 25 years. did anybody fire you up at the debate? >> yeah, i was there in denver and got to see the g.o.p. versus cnbc debate. you have two candidates both age 44, if you're under 50, that's considered young in politics, steal the night away
10:08 am
and defend the entire field. if you look what ted cruz did, supposed to be hated by the party, stood up and defended jeb bush, john kasich, donald trump in one beautiful sentence and then marco rubio, 44 years old. took on the mainstream media with effectiveness. and 45 speaker of the house was put into power, so you have two 44 year olds who dominated debate and 45-year-old. that's youthful and both 44 year olds are latinos. stuart: we've got the breaking news that there's going to be a big meeting on sunday. the representatives of the candidates campaigns will be there. the rnc, republican national committee, will not be there. looks to me like a revolt of the candidates against their own party and they're revolting because of the conduct ever that -- of that debate the other night. >> i look at it like the
10:09 am
godfather meeting of the big families. takes a crisis to get everyone together. look, we were promised debate reform back in 2012 after we had, you know, essentially david axelrod allies having mitt romney such ridiculous questions, but i will say this, the 2016 candidates did something the 2012 candidates never did. they unified and said, we're not going to take it anymore, they made it about the media, the moderators. in 2012 looks like they went in the fetal position, please don't ask me these questions, i don't want to be pushed around. it wasn't, these candidates turned back on the moderators. stuart: 20 seconds only, marco rubio the millennial candidates? >> i think those are the going to be the final two, rubio and cruz.
10:10 am
stuart: thank you very much indeed. tammy bruce. >> i wanted to ask something about the previous conversation about exxon. keep in mind when it comes to the election, hillary and the democrats now clearly are talking about criminalizing disagreements with the issue of climate change. stuart: thank you, that's the point. >> that's the problem here, major problem. stuart: got it. put the graphic up again, please, tell everybody that we've got that debate coming up on tuesday, november 10th. that will be the fox business debate. it will be a good one, tuesday, november 10th on this network, 6:00 at night, 8:00 at night eastern time. check that big board, friday morning, a go nowhere date thus far, this is the last trading day of the month. it will be almost certainly the dow's best month in four years. got two big names, you know them and they're hitting new highs this morning. starbucks was at 64. it's now 63, but may up there. amazon at 6:28. it was close to 6:30.
10:11 am
expedia is up 10 bucks nearly 8%, better profits than expedia. how about this, higher profit at linkedin. more money coming in to them. they are up 12 percentage points. that's $26 up on linked in. this one, this is intriguing, sn snapchat. that's known for disappearing photo messages, okay? that's why people use snap chat, the messages disappear. it's changing its policy saying it will keep and own your messages so they don't actually disappear. i'm going to bring in-- if i use snapchat i send a message for photograph and ten seconds to appear on the person's screen and then goes away. is that finished? they're changing that? >> well, over the past few years, they've introduced different features that enable your users to make their
10:12 am
pictures last for longer so they can post them to my story feed and allow their friends to see if for 24 hours. what's changed today is that the new terms and conditions and privacy policy state that snapchat can reuse and post some photos are' using on snapchat. stuart: it's not disappearing. it's not on the screen, but snapchat has them. >> as our default used fob t the-- to be the message and now we have the right to save it on the server. one clarification, they do say in the support pages, anything that's a private snap, which is what they call the pictures, sent between you and a friend. that's deleted about you not clearly stated in terms of the condition. it's confusing people out there
10:13 am
and scaring some users. stuart: i don't know what kind of pictures people transfer to one another, i can only guest. you use snapchat for the privacy and now they've taken it away. not why i do, but if i were a snapchat user. >> people are questioning that. in 2011, if that's a silly face to delete. whether you're on the west coast, but now it's not being deleted. stuart: you bring us trillion stuff. thank you very much indeed. i wouldn't touch it with a 10-foot pole. >> hillary's got a headache wondering what is still up there. stuart: major league hall-of-famer, cal ripkin. we're talking about his historic career and of all things, wine, would you believe. ripkin next.
10:14 am
awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. you wouldn't order szechuan without checking the spice level. it really opens the passages. waiter. water. so why would you invest without checking brokercheck? check your broker with brokercheck.
10:17 am
>> ladies and gentlemen, a treat. a very special treat for me and for you, a hall of fame guy, he plays baseball, you know him, look at him, that's cal ripkin, even i know who this man is. cal, welcome to "varney & company." >> my pleasure. stuart: and you're with us here in new york city and surrounded by mets fans and you have to tell me that the mets are going to win the world series. say it. >> the mets have a chance and-- >> have a chance? >> yes, they have a chance. stuart: the best you got. >> the best i got. i became a met fan covering the series and watching them pitch. these guys are great. stuart: are the mets going to win or not? >> the mets will win in seven, how is that? >> that would be wonderful for tv ratings. we'd love that. >> if they're going to win it's going to be to have in seven games, they're down two already. stuart: i interviewed greg
10:18 am
norman, a great golfer. he only plays maybe six rounds of golf in any year these days. you're the great baseball player, do you still ever play a game of baseball? . all nine innings? >> no. stuart: why not? what's wrong with you? >> i think i logged 3000 games damn near all in a row and i think i got my fill. although, occasionally, i will instructing or whatever pick up a bat and prove i can still do it. stuart: do you like it? >> yeah, i mean. stuart: is your heart-- wait a minute, when you were doing all of those consecutive games of breaking the record, you had to be into it, you had to be really into it, you wanted it. >> well, if there was one reason why i was able to do it because you loved what you did. even though you might have been struggling or things might not have been good with your team, you could come to the ballpark with a level of enthusiasm and joy and then find out what happened in that day. so, yeah, i loved it and i think you have to love it to play it that long.
10:19 am
stuart: so, who is the greatest short stop of all time? derek jeter or cal ripkin? >> somebody asked me that. stuart: they're always going to ask you that. >> at an appearance the other night and tried to figure out how i can get out of that. i think we're two different types of short stops, number one. derek brings with his resume', a clutch performer in october and great offensive player with a little speed. i have no speed. i had a little power. stuart: you were the power hitter. >> i was the power guy and wished i got a chance to play in all the world series that he did. i'm a little jealous of derek. stuart: you're not going to tell me you're greatest of all time and that the mets will win the world series. you got it out of me. the mets are going to-- >> like pulling teeth. here we are, early in the morning, new york time and we've got a bottle of wine in between us.
10:20 am
better explain yourself cal ripkin. >> well, 20 years since the record was broken, the games of lou gehrig, i broke it. there's 2,131 bottles. a fundraiser for the cal ripkin, sr. foundation, we help kids in the name of my dad and decided to make a high quality wine. one of my favorite is axios and the makers of the kalaros family made this high quality cab from napa valley and it's about $300 so it's pretty expensive. stuart: this is on sale at retail, $300, it's not an auction. >> no. stuart: you go out and buy it. >> on-line, a pre-sale, goes on november 1. stuart: how many bottles. >> 2,131, this is bottle number three. stuart: $300, i can't do the
10:21 am
math. maybe raise a million, just shy of the million. >> can't do the math. >> it's a fun fundraiser and the procedures will help a lot of kids. that's a unique thing, i like wine and he's a member on our board, a wonderful gesture on his part. axi axioswine.com that's where we'll have the information. stuart: and i forgot about the mets winning the world series, a and-- >> axioswine.com. stuart: cal ripkin, back in a moment.
10:23 am
10:24 am
>>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free quote, call liberty mutual at switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance.
10:25 am
>> a couple of stocks in the news, solar city down 21%. a totally different story, another solar stock which would be first solar, better profits and that stock is up 8%. well, a change in the solar business, i guess. later this hour, president obama's plan to fight climate change will cost us an extra $45 billion. a report from a conservative group. it will have no effect on global temperatures. california's plan for high speed rail, way over budget and it will not be built on time. we have former california governor gray davis on the show, he supported the bullet train back in 2002. china will end its one child policy. they have a rapidly aging population and they need more babies, that's the headline. let them have two children, not just one. there is another related headline. china surplus of males, the
10:26 am
story is not pretty. in china parents want boys know the girls, it's a deeply rooted, something in the culture. so consider the dilemma that millions of couples face. before the birth of the first child, the couple discover it's a girl. the amniocentesis shows it's a girl and many abort and try for a boy. it's gender selection and happens hundreds of millions of times. there are now an estimated 30 million surplus males. estimates put that number far higher, it's a crisis. this month, uncommentator suggested that two or three men share a wife. women are in short supply. the new policy allowing is second child may bring some relief, it's after all, a second chance at a boy, so
10:27 am
there may be fewer female abortions. really, what kind of relief is that? the cultural preference for boys remains which means a different and lesser value is placed on the life of a girl. speaking personally, i don't think that human beings deep down of any race or culture are really like that. i think we are hard-wired to love. when you see your newborn daughter or son, that's when you understand the true money of love at first sight. you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right ♪ hi, tom. how's the college visit? does it make the short list? yeah, i'm afraid so.
10:28 am
10:30 am
10:31 am
syria. >> senior administration says additional troops will have a capacity. twenty-thursday advisors to assist. stuart: 20 or 30 is not a large group of people. it is a shift. ashley: yes. it could lead to reinforcements coming in. >> advising the people that the russians are advising. >> okay. we've got it. thank you. right now, we are up about 1800 points. right now we are down five points. price of gasoline coming down a little bit overnight. 218 is the national average.
10:32 am
nine states where the average price for regular is below $2 per gallon. after 35 years the government in china is ending its controversial one child per family policy. gordon chang. welcome to the program. this new policy, you can have two children. would that reduce the level of control that beijing has over average family in china? >> no. people still need the permit for the second child. it will still remain in place. the only thing that is changing is that the general rule has gone from one child to two children. stuart: you are going to get a permit? >> you still have to get a permit for the second child cared you will not be able to get a permit for a baby. clearly, the rules have only changed in one respect.
10:33 am
for the first child and second child. they can tell you when to have the child. stuart: move on to this surplus of males. about 30 million. that is related to the one child policy. have i got that right? >> you certainly have got that right. some people say 4 million excess males. some even say 50. the result of a one child policy. before the policy was put in place in 1979, the sex ratio at birth was 106 males. that number is actually in prior years. a terrible, abnormal situation. stuart: how does china as a
10:34 am
society cope? what do those men do? >> because of the excess males, there is increased level of hiv, more prosecution. increased trafficking in women mongolia, russia, vermont into china where women are sold and resold from husband to husband. stuart: wait a second. i am trying to get the grips of this. >> not only a large surplus, in some villages there are no females at all. that is according to the -- stuart: is that gender abortion? >> when a child is born, they are killed sometimes. stuart: reporting that there are all-male villages. >> yes. stuart: no girls at all?
10:35 am
>> slavery. it is slavery. chinese leaders have known about this going on for decades. forced abortions. trafficking women. chinese leaders continue with this policy. we need to hold them accountable stuart: i wish i had more time on this. this is an extraordinary story. take you for bringing it to our attention. president obama's climate change plan could cost up to $45 billion a year. producing global temperatures less than two tenths of 1%. roll your eyes. from the washington beacon, welcome. president obama goes to the un i meant change summit this year. he commits us to various policies which you say will cost us $45 billion a year.
10:36 am
when we implement those policies, it will reduce the global temperature by what? >> .2 degrees. >> yes. basically. the proposal for paris will only change if .01 degrees. stuart: wait a minute. that is 100th of 1 degrees celsius. >> right. on top of the 15 regulations, together with that, it still does not even crack two tenths of a degree while it is costing 45 billion in the economy for obama's plan and all the other regulations that they put through another 26 billion. a lot of money for less than two tenths of 1 degrees. >> can the president just do this? he will just go and sign the deal and we pay?
10:37 am
>> the big take away is that the administration officials have admitted that they are going to use existing laws already on the books and go through regulations in order to make changes and not let the next administration, whether it be a republican or democrat be able to change it. the powerplant rule, that is already in the works. pushing these through to make these changes to commit to the un and that is the plan. that is what they are doing. going outside the republican congress. stuart: you reported on this. just show me. the department of transportation announcing $500 million in new spending. $500 worth of new spending on bike paths straight heart
10:38 am
projects and solar panel rest stops. give the story to make, please. >> this is the tiger grant. it started through the stimulus package to thousands nine. we have not been able to get rid of it. it is not all going to the same thing that you mentioned. a big portion. a bicycle boulevard in hawaii. when you have this amount of grants, you will get questionable spending. secretary of transportation mentioned that these risks are about the future, but yet millions and millions are going to bicycles and streetcar technology that was invented in the 19th century. stuart: i thought that we needed new roads and bridges. ms. harrington, two very good stories. we appreciate you bringing them to us. >> thank you for having me.
10:39 am
it is the air report time. >> we have been watching oil every day. this becomes not just an oil storage, it also becomes a consumer story. exactly where your gas prices will be. i know that the market is doing a lot better. the biggest energy company that we follow. look at this chart. this is what you get. stuart: gas is cheap. i paid a buck 79 last week. i am looking for $1.75 tomorrow. halloween. up next a youtube star that scares us to death. there is a good reason behind it. watch this.
10:40 am
>> just come in real quick. do not move or anything. stay here. uh... no, i have td ameritrade's investing tools and education, so i'm confident that i'm making smart financial decisions. but thanks! okay... trisha, you need any luck? i do not. eric? i'm all set. nice word play by the way. "my name's luck." thanks, sully. i got it. you don't even work on this floor! you don't work on this floor! td ameritrade. you got this. jeb bush:believes thatnt, wamerica's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians that are being eliminated in the middle east?
10:41 am
but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message. ♪ nicole: i am nicole petallides with your fox business brief. down about 10 points. the s&p pulling back three. we see down arrows right now. it has been a great month.
10:42 am
the best performance we have seen. chevron, microsoft and boeing. coming out with the quarterly report. we are seeing disney and pfizer. hitting new highs. let's kick it off here with expedia. profit and that is up about 9%. starbucks, they had some more info. going forward with guidance. with that, the latest report you are seeing. amazon, and other winning day. ♪ bp
10:44 am
stuart: you to start. he has been on the show a couple of times. how easy it is for bad guys to pray on teens on social media. he has a new video. the dangers of trick or treating. >> trick or teach. >> oh. i have candy downstairs. do you want some? >> where is the candy? >> there is no candy. there is no candy at all.
10:45 am
you guys are here now. >> all of you, what were you thinking? >> in person again. the child brings the doorbell. the bad guy closes the door. he says that there is no candy. he is threatening. at that point, the parents first then. the real parents that were in on the deal. what on earth are you doing. >> bad is it. my parents used to let me do that when i was 12 or 13. this is how fast they can get your kids in their. stuart: are you against it altogether? >> kids go out on their own. they should be going with their parents. you should really be supervising them.
10:46 am
stuart: scaring people to death. creating a climate of fear. be calm threatening. gone too far? >> people can see this. this could happen, you know. if it helped just 1%, it's good. stuart: a scary tactic that scares people to death. >> a lot of people have seen this. they will be more aware. stuart: how many kids tomorrow night on halloween will be grabbed, pulled inside and abused in some way? >> i do not know how much it happens, but even if it happens one time, i would like to prevent that. stuart: you have created this climate of fear. i am not against what you are doing. you are scaring people to death. >> in this day and age, this
10:47 am
could happen. it does happen out there. people watch this. they will understand. stuart: you spotted a business opportunity. >> yeah. it is not business, but it has turned into a job for me. stuart: it has turned into gold. you are a youtube star. you are getting money for every time anybody wanted on you to. every time anybody watches it. >> it pays the bills. i love doing what i do. it makes me happy. stuart: you are an entrepreneur. a youtube entrepreneur. >> yes. basically. i almost had 2 million followers stuart: you have done scare videos of youngsters who meet older people online and get, you know, pulled into a sort of nasty situation.
10:48 am
now you have done halloween. what is next? >> you will see some good stuff coming out. it will be tough quality, as always. stuart: you are smiling. what is the scare. i do not want to tell you because someone may take my idea. stuart: you are making a ton of money by scaring a lot of people to death. >> the next video will not be so scary. it is going to be more like the holiday spirits. the next thing will be more of -- stuart: do you think that nice sells more than fear? >> right-thinking depends on the time of year. it is all timing. >> create a compelling video that i will watch about something nice. >> it has to be amazing.
10:49 am
unbelievable. it has to be genuine and really good. just watch out. i'm telling you. someone way bigger than me. absolutely. stuart: male or female? >> mail. male celebrity. stuart: a known movie star when mac yes. stuart: you are a very wealthy young man. we appreciate you being here. stuart: it is called cryotherapy. it can treat arthritis. treat headaches. make you lose wait, maybe. it does not come without risks. we will do that in a moment.e w ♪ world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term.
10:50 am
10:51 am
approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't,
10:52 am
saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend.
10:53 am
remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ ♪ stuart: let's take a look at the big board for you. ending the dow's best month in four years. essentially flat this hour. the dow up about five points. take names hitting new highs this morning. starbucks and amazon. expedia reporting higher profits than normal. expedia of 8%. higher profit at linkedin and more money coming in. set to open much higher.
10:54 am
look at this. of 13%. let's change subjects. cryotherapy. the pricey beauty trend sworn on by pricey celebrities. a woman was found dead inside a cryotherapy chamber. now the safety about this experience. joining me now is the ceo. joanna, thank you for joining us. i believe it was an employee of a business of one of these cryotherapy chambers. she was found dead. do you know what happened? is this something that happened elsewhere? >> yes. it is not even related and associated. the same treatment.
10:55 am
i do not really know what happened. it has not even been released yet. it seems like a tragic act. she simply should not be in the chamber by herself. stuart: she somehow got locked in. >> the first safety point is you never ever go and take the treatment unattended. stuart: let's talk about cryotherapy. it is very cold. temperatures ranging from minus 194 degrees fahrenheit. >> how long are you in there for? are you naked? >> almost naked.
10:56 am
>> spirit. >> it should be exposed. >> extreme cold, basically what we call survival mode. is that right? that helps you heal faster. >> the treatment was designed. it was the first aspect. >> a scientific foundation on this. is it widely accepted? >> yes. it is not a treatment which will heal itself.
10:57 am
you have the beauty. stuart: how much? is it dreadfully expensive? >> it is, for the benefits, no. >> thank you so very much for joining us. the third hour of varney is up next. ♪ limits where you earn bonus cash back. or, you could make things easier on yourself. that's right, the quicksilver card from capital one. with quicksilver you earn unlimited 1.5% cash back on every purchase, everywhere. so, let's try this again. what's in your wallet? 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.
10:58 am
11:00 am
stuart: a man is arrested another american. he was picked up. he is locked up without a lawyer imprisoned. he works for -- petroleum. trying to arrange oil dealers. let's be clear, he is a hostage. a hostage in a country that has a very long list of hostage taking. they know they have nothing to fear. just as a nuke deal was being approved, testing and long-range listed missile.
11:01 am
the president launched a protest. then a washington post reporter. found guilty of espionage. the white house is working on it. right after that, we invite the iranians to the peace talks in serious. now this. another hostage. another american rotting away. thirty-five years ago, the iranians took our entire embassy hostage. they played on the weakness of president carter. a much stronger president, ronald reagan entered the white house. that new president will have to deal with the results of president obama's weakness. i wonder if the latest batch of hostages will fly home when the new president flies home. only if that new president
11:02 am
withholds. ♪ >> plaque friday. it is the last trading day of the month. what aonth it has been. the best in four years. the dow is up about 1700 points. not that. two big names. you know them. hitting new highs earlier today. it is 62 and change. amazon closed about 630. now it is 628. now we have this. just crossing the wires. the u.s. will ramp up its military presence in iraq and syria. this means boots on the ground. we just had this confirmed by fox news. fewer than 50 special ops
11:03 am
troops, boots on the ground, will be going to northern syria. the retreat from boots on the ground. how do you read it? >> look. more responsive, special operations capability in syria. similar to the rate in iraq to free the capture of what we thought were fighters last week. probably a good thing. when we chiseled the tombstone of u.s. efforts in syria, it will be too late. twenty or 30 guys, even if they were the most trained operators, they will not change the fundamental problem. stuart: is there a possibility of a confrontation between american troops, american uniforms firing guns and forces friendly to russia and iranian
11:04 am
troops because they have boots on the ground as well. russia today says that no country can use military force without its approval. this positioning of up to 50 special ops in syria. is that moving us to a potential conflict? >> i suspect it will be based with the kurds who are farther away. yes. it is incredibly dangerous. the problem is, you still have all of these spiders in syria who are trained by other u.s. agencies. supplied by other u.s. agencies. directly engaged with the russians and iranians. i think we are heading for a problem. stuart: just a few moments ago, i was talking about this latest
11:05 am
american that was arrested in iran. i am saying flat out that the man is a hostage. i do not know what we are going to do about this. this man that is on the screen right now, is he a hostage? >> no, absolutely. added to the four hostages already in u.s. custody. a lebanese student that was grab last month. this is a problem from the beginning. it reduces all of our leverage. they will be soon. a more assertive iran in the region. better able to pursue their interests. intentional. part of the rebalancing that president obama has talked about so much.
11:06 am
stuart: thank you very much indeed for your expertise. politics. jeb bush donors criticizing him because he attacked marco rubio during that debate and he lost. first of all, marco rubio. he did win that encounter with jeb. i suspect the one that debate. >> i agree with you, stuart. as he has during the cnn debate. he is probably republican. i also think that carly had a great debate. a great job during the debate. stuart: is marco rubio the guy that establish republicans want
11:07 am
as their guide to be the nominee? >> i absolutely think that marco rubio has surpassed a victory here. focusing the ion marco rubio. as you noted during the debate, this confrontation was between jeb bush am marco rubio. i do not think that he was expecting that or marco landing that so single eight. stuart: something that peggy newman writes today in the "wall street journal." as much clout as any pundit does have. he has not succeeded this year. there is no particular reason to think that he well. he still has plenty of money. what has that money gotten him so far? there are a lot of questions about jeb bush and how he can revitalize his campaign at this point. can he do it or is he toes?
11:08 am
>> i would not say that he is toes, but it will be very difficult for him. i think that that is what they are feeling right now. there are a lot of other cool things that can be doing. sitting around listening to people demonize me. >> what the republicans want him to do is come out with fire and passion and bang the table and break through in that way. i do not think jeb bush is that kind of guy. >> stuart, i think you are right. flashing his campaign. for him potentially looking for exit strategies. i do not think anyone saw scott walker drive and fall as quickly as he did here and i do not
11:09 am
think that anyone saw that coming. really, anything can happen. remember, fox business and the "wall street journal" bringing you a real debate to the economy. tune into the fox business network. milwaukee, wisconsin. to the markets. check out this board. down seven points. kind of a go nowhere friday. the end of a terrific month. the best month in four years for the dow, the nasdaq and the s&p. kimberly foss, come on in, please. all the results of the federal reserve. on this program, we hate reading the tea leaves. we really do not want to do that. is that where we are? >> i really do think that the
11:10 am
markets react way too early and are looking at the team leaves of the fact way too often. that can be a detriment to long-term investors. a 12-point rally. stuart: ignored the fad. what do i look at then. >> i do not think that you should completely ignore that said. i have long-term investors. you know what, you have to stay invested in the market. that creates wealth. looking to the fads, that causes people to stay out of the market or to be complacent. you are going to be paralyzed. stuart: i want to ask you the same question i have asked us about everybody.
11:11 am
i have a big investment in microsoft now. i have done well. should i sell a bit of it and sleep peacefully? >> if you have a big investment and it is over 10%, this is my approach to my chart. if you have a few percent, sell that. you will be a will to sleep well. you do not want to have too much portfolio that will go down when the markets go down here and late 40s, early 50s the markets will go down sometime in our lifetime again. jo ling: that is very generous and kind of you. twenty years on from white use adjusted. you will be back. thank you very much, indeed. you are lost. i think it is the democrats. moving around quickly on this program.
11:12 am
a new super pack. the media. one of the candidate said that. more after the break. >> you have been a young man in a hurry. >> fired you. i wonder why you think we should hire you now. >> donald trump, when you look at them, do you see someone with the authority to run the country? ♪ can a business have a mind?
11:13 am
11:15 am
11:16 am
saying that they have not managed the debates very well at all. they have become chaotic. they believe it has left them to hang to try out their on the stage. they say, look, we need to come to some sort of agreement. you are not invited. >> they are blaming their republican yurok receipt. liz: the audience bullying. the format has got to be really bad. upset about how the robot zero process were excluded. not enough time allotted. completely chaotic and out of control. when you go back to read the transcripts, which i have been doing, you can see how slanted they were and how unfair they were. stuart: so upset that they are getting no opening and closing statements. they rather speak about the
11:17 am
issues. they also say they are getting on equal speaking times. they do not think that that is fair. liz: they do not want a debate that is a slugfest. stuart: i want to get a little bit more on this. the mainstream media. a tilt to the democrats. treating the republican candidates. roll that tape. >> $16,000 retirement. taxes and penalties. in terms of all of that, it raises the question whether you have the maturity and wisdom to lead a $17 trillion economy. what do you say? >> you have been a young man in a hurry. >> i just wonder why we should hire you now. >> you did a whole story on it.
11:18 am
>> does that not speak to your bedding process? you're judging in any way? >> someone with the moral authority to unite the country. stuart: joe trippi is with us. he managed the campaign of howard dean way back when. he is a democrat. i want your opinion on the mainstream media. having just looked at that cnbc production. it is yours. >> i would not say that at all. i would say that it is not the rnc fall. it sets up in agreement that the debate will be on this network or that network at a specific time or day. it does all the rest of it in the format. look, you are going to get the biased questions throughout the campaign. even if you believe as a
11:19 am
republican said it that it is a liberal bias in the media. do i have to deal with it during november. stuart: you agree with that. there is a left bias in the media. it is right there. you are not going to disagree with that. >> no. how rubio, how crews, how they deal with that. i think, you know, had hillary clinton been the moderator, and ask those kinds of questions, it would have been a big help to every republican at the podium to show how they swat those away. like many of them did and successfully achieved in the cnbc debate. stuart: i suspect that the democratic debate will be an anti-climax. you have a nominee virtually and place right now.
11:20 am
bernie sanders will not be the nominee. it will be hillary clinton. >> i agree with you they are. stuart: we're doing well, joe. we have to agreement levels here and i like that. >> that is part of this. such a big field in the republican race being so interesting. i think, it is not just a liberal bias. there is a bias to try to be provocative. to try to get these candidates to separate from each other. i think that it is helping the gop field. the democratic debate because it is sort of becoming clearer that hillary will be the nominee. provoking a difference in the debate. what difference will it do. stuart: well said.
11:21 am
joe, why are you such a stranger to "varney & company"? >> asked me to come on. i love being on your show. >> thank you. see you again soon. remember this? bringing you the debate focused on the economy. tune in. fox business network. republicans gather in milwaukee west compton. we are there. marco rubio reportedly cashing in on his performance at that debate. charlie gasparino has details on how much money he has brought in. ♪ awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. a dry mouth can be a common side effect.
11:22 am
11:23 am
bp so wi got a job!ews? i'll be programming at ge. oh i got a job too, at zazzies. (friends gasp) the app where you put fruit hats on animals? i love that! guys, i'll be writing code that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (proudly) i programmed that hat. and i can do casaba melons. i'll be helping turbines power cities. i put a turbine on a cat. (friends ooh and ahh) i can make hospitals run more efficiently... this isn't a competition!
11:24 am
on their auto insurance. wouldn't a deal involve two parties discussing something? a little give? a little take? because last time you checked, your rate was just, whatever they say it is. why not give you some say in the matter? or -even better- let your driving do the talking. liberty mutual righttrack finally puts you in control of your rates. all you have to do is connect, drive and save. in fact, safe driving could save you up to 30%. with 5% off just for signing up. for righttrack. and the discount is good for the life of your policy. to get started, visit a local office or call liberty mutual today at take control of your rates.
11:25 am
visit a local office or call see car insurance in a whole new light. liberty mutual insurance ♪ stuart: not a lot of price movement. down 20 on the dow. budweiser, basically, upbeat on premium selling. how about the boston beer maker, sam adams. cutting their price target for the stock. they also warned about their profit. it does not help. marco rubio. bringing in a lot of money, we are told. a strong presence in wednesday's debate. was there a surge of commitments of money?
11:26 am
>> that essentially is what i have been reporting. what they saw following the debate was a surge in commitment. people calling them or them calling people saying we like what we see out of mr. rubio. we believe that he is potentially the gop establishment front runner. that is bad news for jeb bush. stuart: is the money being pulled away from jeff? >> these are commitments from what i understand. these are people that were on the fence. marginally in the jeb camp and now moving towards rubio. listen, commitments is a good thing. there is a number bouncing around. >> 750. charlie: take that with a grain of salt. has rubio continued to impress? that number may become reality. that is a commitment number.
11:27 am
scaring the hell out of bush. stuart: is bush in or out one month from now? >> my guess is it will take a little more. $120 million to blow through. the writing is on the wall. the establishment moves against you, that is moving against you, this is the trend now, moving towards rubio. you are in deep doo doo. stuart: gasparino, we will take that. we have hillary clinton. he says she would give president obama a grade a for his handling of the economy. we will see what a conservative democrat has to say about that after this. ♪ so what about that stock? actually, knowing the kind of risk that you're comfortable with, i'd steer clear. straight talk. multiplied by 13,000 financial advisors
11:28 am
it's how edward jones makes sense of investing. i accept i'm not the rower i used to be.. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but i won't accept is getting out there with less than my best. so if i can go for something better than warfarin, i will. eliquis. eliquis reduced the risk of stroke better than warfarin, plus it had significantly less major bleeding than warfarin. eliquis had both. that really mattered to me. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taki eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk
11:29 am
11:31 am
stuart: we'll keep this short, we don't need much time to tell you this is a go-nowhere stock market at the moment, we're down nine. wait for it, i've got breaking news for you. the u.s. will ramp up its military presence in iraq and syria. boots on the ground. up to 50 special ops in this particular movement of troops, up to 50 special p ops going to northern syria. lieutenant col knell al -- colonel allan west is with us. is it the start of something more?
11:32 am
>> well, stuart, it's a pleasure to be with you, and there have been a lot of really dumb things that the obama administration has done. this ranks right up there. to say that you're going to send 50 special operators into syria, a syria where you have russia that is operating with ground troops and also air cover, iranian quds forces and also hezbollah and you're just going to send 50 special operators in to fight against isis? this is insane. and if this is part of what the obama administration wants to do, this is mission creep, and guess what? we spent $45 million of american taxpayer money to train up 54 syrian rebel forces, and we were down to four or five. all the others have been killed and captured. stuart: you say mission creep. if you start with 40, 50 special ops guys, i mean, you could expand it once you've got a toe hold. it could be something bigger down the road, couldn't it? i understand that president obama's heart is probably not in it, but he could be pushed into a corner and expand that troop
11:33 am
presence s. that what you want, allen? >> well, what i want is to understand the battlefield calculus that you operate under in the military. you want to have 3 to 1 odds. i don't think sending 50 guys in, i think isis has more than about 15 or 20 fighters that are operating in syria. and then when you look at the position that the president has been forced into with this most recent hostage rescue operation where we had the members of the army delta force, they were engaged in combat operations. so the cat is out of the bag. and, unfortunately, master sergeant joshua wheeler lost his life. and when you have the secretary of defense say that we're going to engage in direct ground operations in iraq, now the president has been forced to do something. but what he does is put a band-aid over a sucking chest wombed. if you remember the "60 minutes" interview, he said his heart wasn't in training the syrian rebels. what if his heart's not in this.
11:34 am
stuart: i've got some rather dramatic video from a drone actually. it shows those migrants literally marching across europe. that's a column of people marching across europe. they're at the slovenia, austria border. earlier today we had some other video, they're just piling up at that border. it's an absolute mess. and this morning turkey says there's another million on the way. allen, you're a military guy, but i'm going to ask you a question about europe. seems to me that that is, a, a gigantic security threat, but b, a huge humanitarian crisis. and there is no easy answer here. >> well, i think the most important thing is we have to show our compassion for elderly, for the women and for the children, but military-age males should be told to go back to your country and fight for your cup. stuart: you can't do that, allen. you can't do it. >> yes, you can. stuart: wait a minute, they're piling up by the hundreds of thousands.
11:35 am
what do you do with them? they're going to be dying in those cornfields before too long. >> stuart, this is what ends up happening. you have an economic catastrophe because how are you going to take care of all of these millions of people? how much do taxes have to be raised for the social welfare programs? you have a domestic security problem because you're not going to be able to vet and understand who these individuals are, and and without a doubt you could have some isis sympathizers that are creeping in and establish even more sanctuaries and sales within europe. and the other thing is your overall national security threat which will be increased as well. stuart: there is no easy answer to this one at all. and i think europe is threatened by this. allen west, thank you very much for your time. it's always appreciated. thank you, sir. >> thanks, stuart. stuart: i want to get back to hillary clinton who says she would give president obama an a for his handling of the economy. joining us now is a clinton fundraiser. he is -- i don't know why he's laughing. [laughter]
11:36 am
he is a conservative democrat in the scoop jackson mold. so why on earth are you raising money for hillary clinton who's gone after the far left? >> well -- stuart: well? >> if you think about it, when bush finished his term, unemployment was about 8%. now it's 5%. also at that time the stock market was about 8,000, now it's almost 18,000. powerful data points, those are facts. stuart: do you want me to give you some more? [laughter] middle america is shrinking, its purchasing power is way down from where it was before this crisis and since president obama came to power, and i repeat the question. hillary clinton has gone to the left. why are you, a democrat who is a conservative democrat, why are you sticking with her and giving her money? >> well, i think she's a moderate democrat. i think she's a passionate centrist. stuart: wait a minute. spend more on 0-k preeducation, regulate -- now she wants to investigateexxon.
11:37 am
this is not the d invest exxon. you're giving her money. why? >> well, i think this is a campaign be, after all. and i think once people are in office, they're going to moderate their policies as bill clinton did. stuart: so is she fooling us? is she going out there saying, elect me, i'm on the left, i'll help everybody, i'll give you lots of stuff. elect me, elect me, elect me, and then she gets into office and she doesn't do it? are you going to support that? >> i just think the realities of when you're in office moderates you. it just does. and i think hillary clinton will prove to be a more moderate and conservative democrat and do a very good job there. stuart: are you in the this, seriously, are you in this because you enjoy exercising power and influence, or are you genuinely concerned about the future of the united states of america? >> the latter. [laughter] i'm genuinely concerned, absolutely. of course. stuart: would you give bernie sanders the money? >> no. stuart: why not? >> he's too left.
11:38 am
stuart: hillary's almost with him. [laughter] could he turn to the right if he were president? >> no, he's an i'd lolling. -- i'd log. hillary is very practical. i think she will be the director of common sense, look at the issues, and i think she'll be very tough. you know, you hear about the conflicts she's had with biden because she's been more of a hawk. she what? stuart: wasn't very tough with the russians or the iranians. >> she wanted to be. it was people in the obama administration that didn't let her. [laughter] really, that's what happened. [laughter] stuart: i don't know where i'm going to go with this, but time's up, harvey. >> okay. stuart: i've got it wrong. it's harley. >> harley, right. like the motorcycle. stuart: i'm very sorry. >> that's all right. everybody does it. stuart: you're committed to giving a ton of money to hillary clinton no matter what? >> absolutely. she'll be a great president. stuart: why don't you vote for a moderate republican? be rubio? >> i think she is -- no, rubio
11:39 am
will be an even better candidate -- stuart: there's no way harley litman can leave? you're locked in. >> i'm locked in because of the candidate. hillary is really -- she is the most experienced. i think no one will dispute that of all the candidates. and i think you will see this country soar when she's elected. stuart: soar? >> yes. stuart: she gives president obama an a for the economy. we've hardly soared in the last seven years, have we? >> we have. stuart: no be, we have not. [laughter] you know it. harley, don't give me that. >> don't forget where we were. we were in the economic abyss at the time bush left the presidency. this country was on the precipice of a great depression. stuart: yeah. >> where are we now? stuart: 2% growth in each of the last seven years, that's it. if we'd had a ronald reagan-style recovery, we would have 4, 5 and 6% growth, and we would be prosperous again. >> i'm with you, but he's not here. [laughter] stuart: hillary's not a reagan successor.
11:40 am
>> by the way, i said marco rubio is a threat. look how well he's doing, right? stuart: put your money behind marco. >> and carly fiorina, they're a little bit unfair to her, a little bit sexist, i may say. you don't say that about other candidates -- stuart: you should watch "the view" where your fellow democrats have just insulted carly fiorina. >> that's not good either. stuart: out of time. >> okay. [laughter] stuart: share price of valeant, please, it is severing all ties with its specialty rx service. >> the stock is under pressure what's going on here is wall street is taking another look at how much philidor represented in terms of revenues, nearly 7%, and bill ackman, his investor conference call not helping the stock, not convincing. stuart: all right, liz, i think i understand that thing right now. there's a stream of democrats on this program. hope you stay tuned.
11:41 am
we're going to go to california. the high-speed train project already costing double the original estimate. we're going to hear from the former governor, the former democratic governor of california, gray davis. mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right
11:42 am
sometimes they just drop in. always obvious. 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. ♪ ♪ >> i'm nicole petallides with your fox business brief. the dow right now down 111 points, 17,744. the s&p down 2, the nasdaq down 3, and there you see down arrows for the month of october, we've
11:43 am
seen the major averages up roughly 9, the best monthly performance in four years. exxon and chevron, two dow components, each up almost 1% as they came in with results that weren't as bad as expected, we could put it that way. two up arrows for exxon and chevron. sketchers rebounding, the participant of ugg boots doing very well. colgate-palmolive sales slipping, that comes under pressure, down about 3. 5 a.m. every day with all the news you need.
11:45 am
stuart: all right. listen to this one, another batch of hillary clinton's e-mails released today. now, we knew that already. now we know the precise time when you should really pay attention to news channels, 3 p.m. eastern. that's when the latest e-mail batch will be released. how about exxon, take a look at that stock, please. it's making a profit after cutting back on spending, so the stock is up a little bit, 50 cents. but here's the story. hillary clinton wants to investigate 'em on allegations that they misled the public about the risks of climate change. first off to, what have you got, liz? >> the drum beat growing louder to slap exxonmobil with racketeering charges just like they did with fact. stuart: wait a minute, the rico
11:46 am
statute. if you win, they hit for triple damages. >> yeah. the tobacco industry was hit with rico. it's suppressing research, that would be the basis for the dems trying to do this and climate change supporters to do this. i'll tell you, it's a dicey proposition because exxon is saying we did share our research with the energy department, mit and 50 peer-reviewed articles. >> this goes back to the 1970s and a study that exxon did, oh, by the way, with the help of the department of energy, plus a panel from the u.n., that came up with these results that clinton and others on the democratic side said they suppressed the results because the results showed that the burning of fossil fuels -- >> but as you said, it's criminalizing it now is an opinion. there's no consensus here. stuart: criminalization of free speech and opinion. >> right. stuart: you can't beat 'em with a debate, so you slap them with the rico statutes. where is harley right now? [laughter] why is she doing this? let's get to the california bullet p train, shall we?
11:47 am
it is over budge, and it will not be built on time. it's going to cost $68 billion. won't be done, i think the latest estimate is 2028. joining me now is california governor, former california governor gray davis. governor, welcome to the program. it's very good to see you with us today. >> my pleasure, stuart. stuart: now, i think you started the whole ball rolling on this train. i think you signed a bond deal back in 2002? it's not going well, is it, governor? i mean, this thing is way over budget. and it's not going to be built probably in my lifetime. >> well, hopefully it's going to be built in your lifetime, stuart. yes, full disclosure, i signed the first high-speed rail authority in this country, appointed its members, put the bond issue on the ballot, and i'm very pleased that governor brown, who's one of the most frugal people on the planet with the exception of his holiness, the pope, is in charge because he's already reduced the cost by
11:48 am
about a third by adjusting where the train will start and where it will end. stuart: but is it time to kill it, governor? >> absolutely not. stuart: why not? >> if you look to europe and asia, stuart, high-speed rail is a reality. if you've been in california, and i'm sure you have, anywhere between four and seven in the evening in the bay area or los angeles, you're not moving. it's gridlock. so we need another alternative to link these two areas. the gdp of the bay area and los angeles exceeds all but ten states in this country. this is an economic value to linking these two great cities -- stuart: you haven't got the money, governor. >> listen, i'm sure columbus had to deal with these arguments ver america. who knows what would have happened -- stuart: well, okay, how about this one? you're going to be digging i think it's like 26 miles of tunnels through mountains in earthquake country. >> yes. and we have experts that have
11:49 am
dug underneath the pyrenees and the alps, european countries -- european companies con ultimating with the -- consulting with the high-speed rail authority. there are risks, but they are manageable. my god, stuart, we put a man on the moon and brought them back. that had much bigger risks than high-speed rail is dealing with. stuart: how much will it cost when you eventually build this thing and i want to go from san francisco to los angeles, what's your estimate for the ticket price? >> well, the current estimate is $68 billion, but the first two contracts have come in under estimates, so i'm betting on jerry brown. stuart: so you're going to tell me -- i don't mean to be pejorative here. this thing is going forward? >> this thing is going forward. it's going to be a reality, and you're going to live to see it. and hopefully ride it. stuart: wait a minute, are you serious, sir? really? >> yes, i am serious. stuart: you're going to build, what is it, a thousand miles, 800, 700, whatever it is --
11:50 am
>> about 400 miles. stuart: okay. >> from burbank to san jose which is the current line that's end visioned. -- envisioned. stuart: that's not quite downtown l.a. to downtown san francisco. okay, 400 miles. you're going to get this done by 2028, yeah? >> yes. and i'm going to ride on the train with you. [laughter] stuart: $68 billion, that's it. no more than that? >> that's correct. maybe less. stuart: how much of that comes from california? >> a good chunk -- i'd say about half of it comes from the federal and the state government, and the rest will come from the private sector. once they see the high-speed rail authority is actually operating in the central valley, then they'll see it's a real deal, and they'll get excited about partnering with the government. stuart: governor gray davis, you're on. >> good. stuart: when you build that thing, i'll ride it. but i expect to be dead by then. [laughter] >> no, you're going to be around, and hopefully i'll be around as well. [laughter]
11:51 am
stuart: let's hope for the best, governor. it's a pleasure to have you with us, thanks so much, gray davis. thank you, sir. >> my pleasure. stuart: next case. a new dating site. ah, wait a minute. you've got to meet some high standards to join. what are those standards? we'll find out in a moment. you both have a
11:53 am
>>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free quote, call liberty mutual at switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance.
11:55 am
stuart: the league, okay? that's the name. it is a new dating service -- site, i should say. the league. it's been called elitist because you got to meet high standards just to get into this thing. look who's here, the founder and ceo, amanda bradford. you've got to tell me what standard do i have to meet to get into this thing. >> hi, stuart. well, we look at a bunch of different standards. so we make everyone authenticate with facebook and linkedin so we can see everything about the users from what their social circles are, to what degree they studied in college, what institutions they've attended, what type of career they've held, so we look at a bunch of different factors. stuart: so it's got to be a professional person, they've got to have a certain amount of income, a good college pedigree, all of that, right? >> it's less about income. we call it ambition. it's about does this person look like they are trying to do something interesting in their career trajectory? so it's less about whether you
11:56 am
went to an ivy league school and it's more about are you an ambitious and high-achieving person in your career. stuart: now, it is an app, right, but i've got to meet those standards before you let me get the app, correct? >> it is an app. it's a mobile app on the app store, and you download your register. we put everyone onto a wait list, and every week we process people based on supply and demand, based on, you know, who may have left the service if they've met someone, so we keep the community very close knit and highly engaged. stuart: how much? >> right now it's free. we are currently piloting some different monetization techniques, but it's free once you're accepted. stuart: okay. and at some point you're going to either charge or get money out of people. at some point you have to, right? [laughter] >> if the bubble keeps the way it is. no, we do plan to charge, probably next year. we'll likely do a premium model -- stuart: so is this what sets you apart from other sites? i mean, i'm not going to say
11:57 am
it's elitist, but you've got your standards. that's what sets you apart, that's how you got into this business quite deliberately, setting high standards, right? >> yeah. i mean, i call it high standards. i like to think we're producing power couples. these are not traditional housewives that -- men looking for trophy wives. these women, 90% of our women have college degrees, 30% have advanced degrees, 14% are directors. so, you know, these are kind of a special set of women that are looking for men that, you know, meet their standards. stuart: you allow guys in too, obviously, right? [laughter] >> we do allow guys in. you know, again, i've written some articles about this, but, you know, this isn't an app for men that are just looking for beautiful women, this is about, you know, beauty and brains, and, you know, people who are really valuing intelligence and ambition as a trait that they want to index on in their dating life. stuart: i hope that you'll accept me. not that i'm going to apply, but i hope i would qualify.
11:58 am
>> you have a great career trajectory, stuart, so i think you'll get in. stuart: i'm doing all right. thanks very much, amanda. we'll see you soon. more varney in a moment. why put up with that? but the quicksilver card from capital one likes to keep it simple. real simple. i'm talking easy like-a- walk-in-the-park, nothing-to-worry-about, man-that-feels-good simple. quicksilver earns you unlimited 1.5% cash back on every purchase, everywhere. it's a simple question. what's in your wallet?
11:59 am
bp glad i could help you plan for your retirement. alright, kelly and promise me that you'll try that taco place on south street. and we have portfolio planning tools to help you manage your ira. yeah, you're old 401k give me your phone. the rollover consultants give you step-by-step help. no set-up fees. use your potion. sorry, not you. my pleasure. goodnight, tim.
12:00 pm
for all the confidence you need. who's tim? td ameritrade. you got this. stuart: well, look at that. my time is up. neil, it's yours. neil: thank you, my be friend. we're following a story that you were first reporting that concerns when marco rubio, early indications we're going to check in with charlie gasparino that he is at least getting a commitment from the part of big donors to sort of sniff around and say, you know, you just might look like an attractive candidate. but we're getting word that maybe this criticism that he was not in washington enough for big votes, that he skipped an iowa event that was scheduled for today to vote in washington. i would assume that was for the budget vote, it might not be. there might be other votes, but he's missed about three or four out of ten big votes and, of course, he was lambasted by harry reid and nancy pelosi, and obviously, jeb bush the other night. but the fact of the matter
88 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=209964383)