so, when you look at those numbers, is it any surprise the world has our number, to ben stein, charles payne, dagen mcdowell and adam lashinsky, dr. payne, great to have you back. >> good to be here. >> the u.s. government is flat bro, but the public isn't broke, that's the shame our average share of the debt that he government wildly throws away and spends like crazy and can't put on your, on any kind of control of, but this is where we are, this is the inflection point, where we are, at the moment of truth where we keep running this up we're asking americans you want the total to be more than that. essentiallwe've become a total welfare country, a total welfare state unless somehow the american public puts their foot down, government won't do it. >> what i don't like about it, it does put it in a darkly human maybe selfish conscious, this is our share, to folks abroad. >> just to folks abroad. but two-thirds of our debt is held by. >> we owe ourselves. you figure you owet yourself -- well, i'm not going to say it. this i have to pay. >> and what you have to pay back. goodpoint, but in orde

tracy: coming up making money with charles payne. recommendations is surging today. we talked about this before. i'm not even going to tell you. you know what it is. pet lovers. >>> oil prices tumbling again today on a new warning about china's slowed growth. which way will crude move next? no one has any idea i think. that's ahead. take a look how oil is moving right now though. it is down 48 cents a barrel. $89.40 a barrel. dow is down 2 points. we'll be right back. follow the wings. tracy: dow is down 30 points but charles is here to show you how to make money. he is follow beinging up on a previous recommendation. it is all about pets. >> you have pets? tracy: i have three children. enough for me to take care of them. >> usually people with pets compare them to kids but i never heard anyone with a kid compare them to pets. tracy: pet owners take care of their pets better than i do take care of my children. i know they do. >> before we get to pet smarts. it is acting great. there is proposal this week in l.a. ban stores like petsma

charles payne will have the story next.still ahead, american companies trying to save health care costs. should corporate programs like gyms and nutrition casts really help or get you out of working? as we do every time during the day, oil trading down, $92.19 a barrel. ashley: time to make money with charles payne. today following up on a previous recommendation. charles? >> following up on idea from thursday and want to talk about this david einhorn thing. we said last thursday at least one or two stocks would get hammer today because he comes out. ashley: they get einhorned. >> is now a verb as he is so happy about the he jokes about that as a matter of fact. but he didn't really touch herbalife, right? the stock was up pretty nice. the stock hit $53.24, up 13% from thursday. we sent alert to take profits. 13% is couple days, that is stuff you got to bank. rest of it let it ride. took his victory lap. he went after another company green mountain. hear is the thing with green mountain. my subscribers are long. stock got h

time to make money with charles payne this hour. he is talking about a commercial banking organization that was the victim of a cyberattacks. charles: sun trust bank is situated in the mid-atlantic and southeast. this is an area where household incomes are above the national average and population growth above the national average and this is called superregional. i am afraid of these giant banks like banc of america and citigroup. it is so opaque. the change the accounting rules that these guys are pretty clear. loan provisions for losses have come down dramatically. the crash we were expecting in commercial real estate never materialized. the only thing i didn't like is the effective tax rate going up. that should be a nonstarter but other than that consumer loans are 53% since the fourth quarter of 2009 and the stock has come on ice. you're chasing it unless you pull out the chart and see was $90. my target above 30 would be what is in the next 50 -- lori: how do you take the cyberattacks? >> it doesn't do anything unless people d

charles payne, a dynamic guy, takes you through the rest of the hour after this. that will go. charles: do not adjust your tv sets. i am charles payne. stuart is fine. he had to leave on an assignment. the highest level since 2007. you can see it right there on the screen. dow jones is up 83 points. we have to get back to the jobs report. first thing is how surprised were you with these numbers? >> i was not surprised at all. the big picture, you had 114,000. that is a better number. if it is not a good number, it is a better number. the unemployment number is still way too high. we have to create 200,000 jobs a month to start making a change. charles: one of the concerns i have is this thing is being pushed out in the media is a great bit of news. that this is fantastic. how dangerous is it as americans we become satisfied with 104,000 private jobs and we start to celebrate this type of mediocrity? >> it would be really sad if we used this as a great point to say things have turned. they have not turned peered what will it do for the economy or stock market? let's see what the

a very special moments for charles payne, it's in the highlight reel and it's next. tune? charles: absolutely. i'm going to spend it all on her. >> the two of you gentlemen are the sweetest grandpas. stuart: yes. charles: i was tough on my daughter. i was tougher on her than i am on my son. she was my first kid. i'm happy for her, thrilled for her. i want to be the nice guy with the grand kids >> the grandparents relationships having two little kids myself who look forward to and enjoy their grandparents. it is really a special thing. if you have that kind of bond. it really means a lot to the parents too because to your point, it is a little tougher to be the kid. stuart: unfortunately, time is up. i'm just breaking up here. >>

charles payne is back with us today after a long absence. charles is with his wife as she recovers from a heart transplant. this is an extraordinary and inspiring story. and charles is going to give it to us, go. charles: well, stuart, three months ago my wife had open heart surgery, and she had a pump put in and i thought i could do this without this. stuart: you're an emotional guy. charles: listen, she's had a heart problem since she was a teenager and shouldn't have had it, messed her up and long time. and picture on the screen is the day before she had the heart pump. stuart: heart pump. charles: it saved her life, but it was tough. she had a defibrillator and then the heart pump in the left vent cal and a cable stuck out of her stomach into a device this week in turn into a power source, it hurt, see was always in pain in nausea, in the hospital 24 days, and wednesday, two wednesdays ago you're out and i'm sitting in your seat right there. in between commercials i check my e-mails and a friend of mine, friend and mentor a guy i met 25 y

it is time to make some money with charles payne. arles: here is the thing, i hate the quarterly reporting, you and i have talked about this. it is so stupid. if you happen to miss, be punished. some companies can get away with it. amazon, i think, he has built a reputation where we can understand. steve jobs obviously had that reputation. tim cook, i am not so sure. i wanted to put up a difference in the components. the only thing that really did good with the iphone. everything else, i've had for a disappointment. ipods were a disappointment. charles: here is the thing, three questions to ask, should any company be punished for making long-term investments? the answer is clearly, no. should a company be punished for making these investments wait? is apple moving late? samsung reported overnight also. they doubled. they are rocking it. the answer to that is, maybe. finally, should a company be punished if it is losing market share? samsung and i was on -- that is the? dagen: they came out with the fourth generation ipod or unveiled a

it is time to make money with charles payne. ernail stock for your portfolio. charles: an amazing trend this year, companies that spend money on their stocks are going up. the street really believes most of the stocks are undervalued. it is amazing. i have never seen it like this where the inquiring company, their shares go higher. cliff natural resources. my subscribers are in it. we are getting absolutely whacked in this one. you have two dynamics. you have the local situation. these guys only have one thermal mind. they are so positioned, they have mines in canada, brazil and america. the stock acts well today. last month and avalanche of downgrades. that is a huge positive signal. love the action on it today. i would like to see it closed above 41. there is not a lot of resistance until you get to $50. cheryl: charles payne, i like that one. thank you very much. dennis: up and away. [ talking over each other ] dennis: the international space station. cheryl: has the swing state polls are tightening, why the local television s

this is a big story for charles payne. ittle guy has totally missed out on the stock market rally because they don't trust wall street. charles: 1,000%. talk about pouring salt on the. . march and february americans sold $50 billion of equity to the american market. $50 billion worth that gigantic losses. imagine if they put in $50 billion. if you by nike and go to mcdonald's and gas up at exxon mobile why doo't you own these stocks? stuart: people don't trust wall street and think they're a bunch of crooks and lost their shirts on wall street and don't want to risk the. [talking over each other] charles: nike isn't wall street. it is the world. liz: low savings rates are bad for the u.s. savor and essentially basically need a strong u.s. economy to help those. the fed instead of yanking the punchball -- that is hurting savers. gerri: chris stroud. 1% savings. >> the reason sabers that getting -- he wants them to buy real estate and see inflation because that is his job. stuart: we have been giving ford sales figures and gm

charles payne looks at this. they predicted 1.9. i think the bigger question, to be honest, is are we living up to our potential and the answer is absolutely not. 2% growth is ridiculous, anemic. what we've seen with the stock market getting hammered is we can no longer celebrate or look past mediocrity. we've been able to do it as a country. with the stock market, we can't do it longer. this number might be revised. ultimately it could be significantly number because all these numbers have been revised lower. with the u.s. economy growing at perhaps less than 2%, it's not where we should be. supposedly at this stage of the game in a post-recession period. >> there was a theory that recovery was going to go on turbo speed. like we dropped, we were supposed to recover that way and that has not happened. the other thing is the fiscal cliff. we hear about it, we debate about it. but i did not know how much it's affecting business. the looming fiscal cliff has business spooked. how? >> it involves a whole bunch of tax hikes. it involves

i'm charles payne in for neil cavuto and the fiscal hill that we're over. and the co-chairman alan simpson about before the first presidential debate. >> one of the arguments is, no matter who is elected, they, the table this for six months, whether it's to reelect president obama or newly elected president romney, deal with it in the winter in a substantive way, going so far as to reform the tax code, everything you want. do you think that's what's going to happen? >> i think that could happen, regardless who is president because the markets are going to begin to rattle their chains, it will be like a dungeon, say, look. >> why haven't they rattled? >> they're waiting for this to pass. >> anything could happen. >> they look at america as some the stupidest people on earth if they're going to let go over the cliff when you have a mindless sequester of 600 billion on defense, 600 billion with an ax, they're going to say you're dysfunctional and we want more money for our money and inflation kicks up and the guy that gets hurt the worse, the little guy that e

i am charles payne. bad news at the pump could be bad for the president.as stations shutdown and supplies are rationed jumping $0.17 overnight in list of france's says it's a run at a gas so could the recovery. >> you're already getting pinched. people don't have the income they had before. is the perfect storm, power added -- outage, refinery problem but anywhere else they could get the gas on the open market. they have a special cocktail the only kind in california. >> that shows you how crazy it is from a still highest unemployment rate and it is up $4.53. >> the gas station owners says he has to buy it at $5 and $0.5. that is what he pays he can only make money to charge $5.55 so he will shutdown. >> somebody said it is the key to the election but now we're back to where we were even higher nobody talks about this. where is the disconnect or used to it? >> maybe. i am not used to it i felt the car and i could not believe it. it should be a bigger issue without question. >> what i give somebody 100 and they need more. [laughter] there was a low-budget s

connell: let's make some money with our friend charles payne. gen: make it rain, people, make it rain. charles: nuts and bolts. connell: don't say anything. just protecting ourselves. not on this show. we have some standards here. charles: more or less in line with the street. the stock is absolutely surging. the founder of this company thought he would get back in 1967 and put stuff inside bending machines. plumbing supplies, cutting tools, hydraulics, it did not work. they did not have the technology to make it work since 2008. now it is a major driver of business. the bending machines they have in place right now, it is on a major breakdown. huge for the stock. look at the trends on their operations. just two years ago, they had 1500. it is absolutely amazing. they are expanding around the world. they are in 14 countries. there was a great article about these guys. how cheap they are. they fly coach. they share rooms. if you go to make an investment, it is nice to know they have good verbal management. they are from minnesota. if i was a ceo o

it is time to make money with charles payne. breaking down the meeting of the economic data personal income spending and saving. charles, you better be good or we are going to send you out to point pleasant beach. [ talking over each other ] charles: i love the name of it. we still have economic data this morning. we have income, personal income, spending and saving. i have been griping about calling america the dropping nation. income of 0.4%. spending was up significantly and savings was down dramatically. think about this for a minute. every month, spending comes in sometimes for times as much as income. our savings have gone down. we cannot do that forever. do the math. second quarter 2010, it was almost 6%. where is the money going? retail stocks have been doing great. i'm -- purchases of buying a home 5%-30%. you know what we are saving for now? purchases. again, we are living in the moment. i think it is really worry somm. retailers have done well. think about long-term. you can argue for it, i do not if we can just be abl

nicole: we have money signs behind charles payne. >> didn't take bailout.love the company and love their products. guess what? they're not hampered making volts and thinks like that. nicole: right. >> good for them. we want products with big margins. ashley: thank you, charles. nicole: all right, thanks. the new york stock exchange closed for two straight days. last time weather shut down the new york stock exchange for two days when your great grandparents were alive in 1888. so they will be open tomorrow morning. i will be there for sure. charlie gasparino joins us with more inside scoop on that one. that is coming up next. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, all over the world. free checkwriting and bile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and d

. >> charles payne from the fox business network.g you on. >>> the jersey shore taking a direct hit and it will be day brothers we actually see just how bad the damage is. you think you have seen it now it will take time to figure out the real extent of the damages. the stock exchange is set to reopen after being closed for two-days due to the flooding. lauren simonetti joins us live from there in just a few minutes. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >> that is the top story this morning. the storm sandy and it's aftermath. welcome back to fox and friends first. i am heather nauert. >> i am ainsley earhardt. it is 31 after the top of the hour. >> we begin this half hour with a fox news extreme weather alert after monster storm sandy. >> the trail of ruin she is le

charles payne is here, how do you make money? y seem callus, but a lot of people preparing to make moves in the market are thinking the same way you are right now. charles: and we discussed it for the last three days and friday gave you three stocks i think long-term potential, yesterday, clean harbors. the home improvement stores are different, what do you do, everyone says going to lowe's, home depot, we know they're going to benefit, just no question, but what kind of legs or impact on the stock? i want to take you back to hurricane katrina. when that happened late august of 2005, both of these stocks were on the move up. both of them actually traded right near their all time high and in the last few years they tumbled. lowe's went to, and home depot ultimately with 21 with the cash of the market. and people who bought katrina, and long-term investment got waxed pretty good. fast forward, lowe's last time missed the street by a nickel and home depot beat by 4 cents and concensus estimates, and went up home depot, there's a down

charles payne, from w street.com. charles, thank you. >> thanks a lot. jenna: joe trippi, former howard dean campaign manager and fox news contributor. he is joining us with his perspective and await the president and what he will say about the job numbers. some might argue it is not how the begin the week but how you finish it. how big are the jobs numbers for the president an his campaign? >> we've been talking over a year how no president has been reelected with unemployment above 8%. it will be significant that it is at 7.8%. i mean in terms of talking points. also the other thing, jenna, that with the 114,000 jobs that were created, that now, add in the last month puts the president at net, he is actually, there are more jobs created under obama than were lost. so that is another talking point that the republicans will lose now. but, more significantly, look, it really makes that debate performance by romney a big thing. look at obama being in the lead nationally and in these targeted states, going into the debate, if, if we sort of change that deba

charles payne. bob beckel. melissa: tt's true. it happened. that's right.er e big bird is hot item for halloween thanks to mitt roey, shoutout in the first debate. costesre flying o off the shelves. stores are sold out of all different versions. if you want to be big bird you have to get creatative. can you get your own big bird cstume? absolutely. he made ather je at al th dinner is brought to you by the letter o and number 16 trillion. that is cute. >> what is hysterical the sexy one sold out. all the ladiesot have to dress like scary costume, it is a sexy costume. the problem with that is? h do you make a sexy big bird. melissa: that is sexy big bird? >> moving in that direction. >> that is like yellow hooker. that is not b bird. i don't know wt that is. >> that is like a flapper. melissa: maybe on that note we'll move on to, the election just 18 days away, tom sulliv has thoughts how to choose the right man for the job. >> if you haven't heard there is a job opeeing coming up in the white house and we, the people, are the ones charged with doing hing. w

charles payne of fox business.d was if line for heart transplant. a friend and mentor of his alerted him to a possible heart being available. listen to him in his own words. >> he sends me an e-mail and i glimpse at it and it said my daughter is dead. i thought it said i wish i could give yvonne a heart. one of the things in the middle of the show. she gets in touch with him and turns out it's the same blood type. now everyone is getting excited. wednesday night, though, we were told by new york and california you can't have the heart. we can't fly the heart more than four hours. no big deal, we get on a plane. you to be a california resident for a year. it was a direct donation. so we gave up on it. we kind of gave up on it. wednesday around midnight we said okay. i came in on thursday, on my way home, 4:30, my wife calls. she is sobbing. and she said we got the heart. you know we went out there. >> dana: everybody loves charles and wish them the best. >> eric: he is a great man. >> dana: he is. >> eric: robert, y

translate into $30 billion in lost business and add to it the fiscal cliff approaching and no wonder charles payne is worrying. >> everyone was afraid of the fiscal cliff before sandy and now it is a bigger drop. i squall it -- equal it to those people would would go off niagara falls with a barrel with a couple of dumbbells in your hand making the landing more difficult. bottom line, the market has been shaky the last two or three weeks. >>neil: and just drying out from this, repairing, but there is the argument you have to rebuild. >>guest: when it is all said and done the $30 billion number will be low and i suspect diction 630 billion or $70 billion in damage or lost economic activity and $35 billion plus rebuilding so every dime we put in, rebuilding, we lose 20 cents so it underscores what we know. we are in a perilous position, and the last quarter was 2 percent g.d.p. gross but we realize it will be revised. and when it is said and done no one would be surprised if we grow autopsy 1.5 percent so you take off the other half a percent and 1 percent growth means you are swimming the bottom an

10 percent of the federal government's emergency spending during disasters joining us by phone, charles payne. charles canady you think that take as injected the race card in to the selection? charles: the race card is always in the election. that has been stirred up for the last four years. at just want to talk about this for second. mistakes were made with this country a thing before and after. the black mayor may a lot of mistakes. the citizens were given a lot of time to get the heck out and they didn't listen. of course, the federal government had problems. racism exists. there's no doubt about it. the deal with it. here's what's really the problem. particularly when it comes from the leader of the united states. we can't use it to cover up self-inflicted wounds. we can use it to cover up individual shortcomings. it can't be the reason for failure if you haven't tried. this will really gets me upset. when the president says they what he is talking about his government, more specifically what is talking about are white republicans who run the government. he's actually saying, it's not tha

tracy: con 70 points possible to make money with charles payne. should hold the has been moving. it before. charles: getting hammered. we new stock was going to get hammered because of the annual report and hammers something so we knew one to stocks would be hammered. i had it on the show at 295. stock was at 350. nineteen% move in two weeks. i gave it to my paying subscribers two weeks after i had it on his show. we took profits on it already. 19% is a lot. let's go to david einhorn. i am wondering if he is resting on his laurels. that started to turn back of. if he likes general motors for reasons i don't like it but chipotle mexican grill. one of the things he doesn't like is he thinks taco bell is coming back. i still don't think taco bell is in the category -- [talking over each other] charles: interesting thing is. obamacare is a big head wind because they have non-union workers. an interesting political comment. and concerns about undocumented workers. and why should that affect the value of the company. stock took a big hit on an earnings disappointment and made a big boun

i'm joined by charles payne, my colleague. that was a shock, down to -- no.e will be very cynical that a government number will come out this great on the eve of the election. obviously it's better news. we got to go through the report more, stewart, but participation rate is still extraordinarily low. if it was at the level that it was when obama came into office, we'd still be talking about an 11% unemployment rate. >> let's repeat that. the people who dropped out of the work force were in it, our unemployment rate now would be above 11%. that is accurate? >> approximatelily. between 8 and 9 million people have dropped out of the job market since inauguration day. >> 114,000 new jobs created, even though and the unemployment rate dropped all the way down to 7.8%. what do you make of that? >> i'm going to make a guarantee right now and i don't like to do this. but i guarantee when this is revised, the unemployment rate will be back above 8%. that household survey that peter talked about being extraordinarily volatile, the numbers don't match much there shoul

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♪ imus in the morning ♪ >> i'm charles payne in for stuart varney and here is the big story.t romney continues to ride the momentum from last week's big debate victory and the latest pew research shows romney gained 12 points overall, 18 points among women. those are huge gains for just one debate ands' also taking support away from president obama among top bankers on wall street. executives and employees at goldman sachs so-called the fat cats, they are abandoning the president and giving nearly 1 million dollars to the romney campaign that's what they gave barack obama four years ago and companies report earnings and could be lots of bad news expected, but could this also be the momentum that helps mitt romney? "varney & company" about to begin right now. follow the wings. >> it's tuesday, october 9th. earnings season starts after the bell today. the vice-president and the vice-presidential debate two days away and right now here is our company, sandra smith in studio and nicole petallides from the the floor of the new york stock exchange. guys, new polls from pew research

as hurricane sandy continues, charles payne looking at the possible upside of the cleanup that will follow make money on this? >> talk about three companies that will do even better. clean harbor is one that will do very well. i discovered this stock after hurricane katrina. i'd never heard of it before and all of a sudden katrina came through, it went from augus august 2052 this yea 2005. they made an acquisition. the made an acquisition 1.2 $1.5 all cash acquisition. what i like about this, they do the hazard that have safety-kleen to recycle last year they took 400 million gallons of waste and turn it into reusable. they cleaned it up and were able to sell it. i think this is a perfect fit. this is not just a hurricane play, so we're going long-term. a trend that will be absolutely phenomenal. i don't know why the stock is down so much but i that it is at opportunity. cheryl: you have one more, i believe as well. >> g. nrc, so a lot of stuff out about it. after we talked in front of the stock traded more than 100% daily volume, the ceo has gone bonkers. this'll be huge for them to a lot

tracy: i am thrilled to say that it is so now time to make some money with charles payne because he'si'm back and ready to go. tracy: everybody is good and healthy? >> everybody is good and healthy. usana health, usna is the symbol, they do nutritional products. for on on the that wants to sell. nutritional, diet personal care stuff. the company is doing really well. record third quarter. earnings up 15%. earnings up 46%. guidance above previous guidance above what the street is looking for. just seven days ago they thought they would make $4.64. the stock is looking really good. the company is coming really nicely. one of these areas that sort of kind of gets these raps, multilevel. ashley: mlm. >> right. all in all i really like this. i love the way it is acting. the company is all over the world, australia, new zealand, hong kong, china. really doing pretty well. tracy: what did you say mlm. >> multilevel marketing. ashley: kind of like, you sell the products. tracy: i thought that was like some code you had going on that i wasn't included. >> meet me at bar. [laughter] ashley: is

charles payne with an explanation on that. good morning to you. >> good morning,. bill: what does the survey show? >> it was from the national federation of business. i wail give you the headlines. hiring plans plunge. small business optimism drops. there are 10 things they ask the small businesses about, the one that stood out the most that the fact that businesses are saying you know what? we are not going to hire. these are small businesses. one of the other things, the overall reading came in at recession levels. which means that this report has been around for 26 years. 56 times it has been under this 93 level which they consider recession level. 32 of those times happened since the recovery. the recovery began. bill: what is going to get them novembering again? i'm looking at here a presidential race has to be decided. congress has to take a lot of action on numerous pieces of legislation. is that the holdup? >> that is the biggest, biggest hold up of them all. i've got to tell you i've been saying for a long time, war on business being waged with administrat