charles payne. >> you know what? i'm not sure. it depends. the hearings this week started off with fireworks. they're going to continue. no doubt about that. if we look at some of these scandals, wate watergate, iran contra, monica lewinsky, the economies did well throughout all of those. >> neil: not watergate. >> well, the gdp wa was up for e most part. toward the end, it was a complete meltdown. that's what happens when the president leaves in that kind of disgrace. you know, i will say that there's a good side to this, too. the idea of stopping the anti-business agenda of this administration, i don't think the market is unhappy with that. >> neil: charlie? >> i think it's -- listen. watergate, as you know, was in the middle of stagfliation. monica was in the middle of the tech boom. i don't think this matters that much. i don't think this scandal imperils the presidency. the market doesn't care about the president, only the head of the fed. they're printing money. that's what this market cares about. if obama resigned tomorrow, the market

charles payne is with me. you heard that. to speak the dow was up 44, now it is up 59. the market has taken that as a sign he keeps printing. charles: yesterday we had a couple of his colleagues more or less say the same thing, the market took off again. we have entered into a sweet spot if you willl a lot of people will be angry about this. is the sweet spot and ben bernanke said unemployment too high and inflation low, the way they measure it, that means printing along with moderately improving economy, maybe we're stuart: 16,351, we are up 64. we also got breaking news on the housing market. new sales, existing home sales up 0.6%, the highest level of sales. what was that again? highest since november of 2009. the annual selling rate for existing homes is 4.9 million homes per year. not quite the five million a lot of people were expecting but that is a strong number. tanya market adjoining us, you heard that, i take this as a sign of housing recovery continues. it is modest, it is on a boom but it is a recovery. >> totall

charles payne, what does it think about the mayor's super mario brothers approach?boy, this one came as a surprise to me, we got a new report and shows that college enrollment dropped, dropped more than 2% this spring. and we have this, new york city mayor bloomberg suggests that others should do the same thing. here is what he said. compare a plumber to going to harvard. being a plumber actually for the average person, probably would be a better deal. you know, charles, he's agreeing with that basic premise that college isn't always worth it, that's what he's saying. >> i know, i have a hard time with guys who went to college and say, everyone shouldn't go to college. people own one or two homes and saying everyone shouldn't own a home. i'm starting to feel like william shockley, who is going to decide who is going to have kids and not going to have kids based on where you live. this is a dangerous path. we should be be promoting excellence. it's not just about what you make, it's what you become. knowledge is amazing, you don't have to make a million dollars a yea

dennis: it is time to make some money with charles payne. s. winnebago. charles: it is tough. this one you are not chasing. this stock has not participated in a rally. the first half of the year, revenues were up 40%. it is nowhere near the 52 week high. it is looking pretty good today. look at the chart. you have a lot of room on the upside. we are taking market share. as people feel more comfortable with discretionary spending, they will probably do very well. wall street earnings estimates have been moving up. they have been inching up. that is always a telltale sign. if they think you will make $1.20, you will really make $1.30. they do not want to look stupid. dennis: that outlook would be good for winnebago. charles: yes. more confidence in the market. job security. a whole lot of positive macro factors. even today's weather. the people who buy these things, the grandparents of the world. they have money. the richest segment of the population. they are living longer. they are more adventurous than ever. i am just shocked this stock is t

it ii time to make some money with charles payne. this hour he is looking out biopharmaceutical. is point, it should at least be a five or a ten. they have a drug which was the first obesity drug approved in 13 years. obviously, a lot of fanfare. i love the action on it right now. good thing for them is it is not just clinical obesity. you can use it for high blood pressure and high cholesterol. that covers a lot of people. a lot of people are hoping they get a major deal or they are just complete taken over. you heard nicole talk about johnson and johnson. it is very expensive to do what this company has already done. dennis: the most recent obesity drug ended up getting sued for like 12-$20 billion in damages. the entire category stayed away from it. charles: because it is holding it down a little bit. the insurance coverage is not there. $160 a month. that is a big deal. a large pharmaceutical company can pressure them. other than that, their past history. dennis: i get the feeling some big drugmaker may be better off buying them out right. charles: i think that this stock real

. ♪ ♪ melissa: it is time to make some money with charles payne. we are in our spring colors. trying to inspire everyone to feel springy. charles: maybe we should havewa. investors have really good memories. they all started in april. what they all have in common is they have been sharp, they have been swift and they have been tough. last year was actually the best. the april 2, 0111, also complicated by the debt ceiling debate. those are huge sharp declines in a relatively short period of time. i have to tell you that i do the making money with charles stuff and i got an e-mail today. the very worst one i have done so for he bought it. he told me he was nervous. that is not investing in the market every time a stock goes down. what i have noticed is so far it has been more of a stock market phenomenon then an economic phenomenon. although, last year we did have a little bit of the client here and there. this year, right now, so far, it looks like we are swooning in effect of the economy. lori: what is the likelihood that this is just an outlier? charles: obviously, without th

dagen: i love charles payne, and he is here. he will make you money. he picked a company, axel. i mean like axel on a car. charles: american axle as a matter of fact. it is kind of hard to find a whole lot of really good value plays even though the stock is at a 52-week high, it is a huge value play. this is a company that just reinvented itself. don't talk about about the auto parts guys who were devastated in that time as well. this is a company that has done it all. they had to customers, both were american, and five facilities. now they have 100 customers, they're all over the world, the backlog is starting, and yet it is changing. i love the way it has been acting lately. it may not pop tomorrow, but there's a tremendous amount of upside. 17 is your big, 509 5090 is youg passive resistance. through there a minimum of 20 could go a lot higher. in the past it has been a whole lot higher. connell: charles payne going american, going axle. that is going to be our criteria for now on. at some point probably as good as any. dagen: she looks good, long as she keeps her mouth shut.

charles payne is here, go.hich is more egregious, no matter what anybody says, it doesn't matter who was appointed by which president, the employees want to president the president and the president made it clear, his disdain for the tea party and other groups like them and i think they were acting on his behalf, whether directly or trying to just at least please the white house. stuart: i think you're right. by the way, warren buffett bets big on a stock that charles payne recommended first right here on "varney & company," and it's a big win, we'll cover it next, plus, a new hour of scandal breakdown and analysis, judge napolitano is fired up with the culture of lies throughout the government. and brett baier is here to talk about the accountability factor. welcome to the third world, that's my editorial. everybody, under the bus. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. i

it is time to make money with charles payne. charles: absolutely.ime. we have seen it all. rack space, though, they are having some problems. they missed the topline by 2.5 million by a penny. it is up today. it was $75. all the way down under $50. revenue per server went up to $1310. rackers, by the way, the only place where it is politically rackers. they have so many servers already. it would be not for one of these companies to not make an acquisition. by the way, they have been around for about a year and a half now. down here at 50 makes a lot more sense. dennis: thank you very much, charles payne. let's go back out to cheryl. cheryl: i am here, of course, in midtown manhattan. we have been talking plenty about the cruise ship. looking at the cruise ship industry. believe it or not, the stocks have been coming back and coming back strong. that when fox business continues. we will be right back. ♪ this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats

charles payne is here.ooking at today's relentless market rally, and how, well, it can make money for us. >> two hours ago it might have been relentless. it is losing a little bit of steam. you know what i thought was interesting, guys? last week the narrative was the market only goes up if we get bad news. ashley: the fed would keep pumping the money. >> we start out today with two pretty good numbers with housing and consumer confidence and the market is up over 200 points. you're like, what the heck is going on? that is really the question, how does this market make the transition to a better domestic economy? you got the jobs numbers next friday. that will loom large. i was happy to see we were able to rally up on that. that is common sense. ultimately we need a strong american economy to keep this rally going. ashley: we're in a no-lose situation, aren't we? until we get to that point theoretically the fed will keep propping this up. >> that's just it. these two numbers came out and they were both well

charles payne is here this hour.your portfolio with this international automotive supplier. >> starting to load up here. american axle, the other day, auto partsmaker. this is very similar story. that same day i was grappling and i had to come out here and do this because the volume assume amazing on this stock. one thing i look closely is volume. the stock is coming off double-bottom if you use a five-year chart. one-year chart it is extraordinarily ugly. oh, man, forget about it. it is downhill. there she blows. but, i think they're turning it around. they just reported and not year-over-year but quarter over quarter stuff was much better. revenues increased and the gross margins i was impressed with, 14.4% from ten.8% in three-month period. original manufacturing. after-market stuff. power trains they're big business. we know some of their stuff like champion spark plugs. i could have saved this tomorrow with dagen. kevin harvick is one of their races. ashley: she would be excited about that. >> brought the whole

stuart: i do not believe it until charles payne says it will go straight up. in the rival zillow. [ laughter ] charles: it is up about 150% since we talked about it. stuart: now he tells me. thank you, charles. sacramento. big deficit, big pension crisis. still, the city shelled out a quarter million dollars to keep a losing basketball team in the city. the city and the players get her. i will next. ♪ it's a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. visit us at marsco.com. no trading minimum. no share limits. no inactivity fees. go to marsco.com to open your account today. $3.95 a trade. ♪ stuart: we have the s&p 500. it is a new all-time high at the close yesterday. the dow has been up for five consecutive months. right now, i have to tell you, the dow

stuart: is this a first from charles payne? f you can't, at least file. i would rather have john gotti out of me than the irs. stuart: thank you very much. back to you now. dagen: i'm dagen mcdowell. connell: i am connell mcshane. talking about the cyber security and the fbi. warning financial institutions they are being targeted again. dagen: the senate giving the okay to the online sales tax bill. art laffer tells us why he is okay with this or postal. connell: new jersey's governor has weight-loss surgery, thinking about the oval office in 2013? dagen: and then, disney working magic at the box office and the small screen. at look at why the hous house oe mouse is on firm ground. coming up on "markets now." connell: that is your story of the day, chris christie? dagen: absolutely. front page of "the new york post." does his personality change? connell: brett bear coming up to talk about that. nicole petallides at the top of the hour from the new york stock exchange. nicole: good morning. taking a look at a

dennis: thank you very much, nicole. ♪ dennis: with more on the rally, charles payne joins us. od news? remember the narrative last week? cheryl: he is not worried about it. charles: we do want a rally that is going up. jobs are being created. the economy is doing well. everyone is nervous all of a sudden. how do you interpret this news. we have the home numbers out. we are back to rallying good news. this would be the perfect scenario. dennis: that could show a certain sentiment shift here. charles: well, you know, the idea, ultimately, is that it should do that. you hate to say it, but it is pretty gutsy in this day and age. i am seeing rotation. banks are up. you get the sense that people do not want to come out of the market. it is real hard to buy stocks when they are already at a 52 week high. cheryl: what you say to people that look at these stocks and they are worried that they are topping out right now? charles: i would not touch bank of america. i would not touch city. i do not know what they are holding. it did not really get a lot of press. the stock market turned ar

time right now to make some money with charles payne. o discuss the contradictions of the market and the economy. charles: a lot of people watching this go scratch their heads every time they see the markets. we have the adp number out today. sort of shocking. 119,000 jobs. i think in november we were 240,000. straight down from there. 60% of these companies have missed on the top line. typically, the market goes from earnings. i have never seen anyone really value the market on topline growth. sometimes, it is innovation. sometimes it just firing people. i think we have a combination of all of the above right now. it gives people pause. to a certain degree, that can be a mistake. dagen: the federal reserve is delivering on what it wants to. it has finally forced money into the stock market. charles: we are talking about a rally that has now become the longest in history. for me, i think that the fed impact comes later on. people really come back in droves. you have naysayers turn around. yesterday, we get this number out from case shille

charles payne is here. charles: when mr.set, listen, we agree things are sloppy, but he knew that it is not partisan. he then try to almost make it a row it. what don darby almost immediately is things with the robo foreclosing of mortgages -- it really is fascinating. he is specific on certain things. connell: people making a lot of it, the stock market and other intraday high. >> a company called chipmunks. they have reinvented themselves. they do chips for lcd stuff. it is just a broad play on big tvs, laptops, smart phones. this stock is breaking out. there is no resistance on it until maybe 2021. that itself would be a big gain. their two biggest customers, their stock is up 50%. it is always great when you sell companies that are doing very well. that means you are doing very well. dagen: you can catch charles and i saturday morning. charles knows what i am saying. connell: more on the irs hearings that we have been covering in washington. dagen: a live interview coming up. ♪ step seven point two one two. rify and lock

charles payne, what do you think. >> it's about time, first before we start. someone in washington needs to start reminding americans how great this country is. every time i see this, 80 pound weak link we are an amazing country. last thing that is going to hurt us is having the government having some sort of fiscal restraint. what is going to hurt us is higher taxes, 2% how onerous this is, the household debt is $1.3 trillion the hard way. >> neil: it is interesting that march and april, two months which the sequestration effects were in, not much pain at all. >> no, not at all and for february and march, the jobs numbers were revised higher, 114,000. 332,000 jobs created in the month of february. it shows that democrats and republican politicians will say anything even if they know it's not true to get what they want. i wanted to point out in items of all the policy uncertainty in the last couple of years, vanguard ceo wrote an op-ed in the "wall street journal" that said $261 billion has been taken out of this economy because of uncertainty. that is $800 pe

dagen: making money with charles payne looking at russia. ell: so global, charles, you are. >> if you can't go, live threw the stock market. the yndx, this mentioned before, false starts, pulled back, didn't break out, and i think now, you know what? forget it. it's breaking out. this is a real great break out. strong volume, and they are doing great things. figure quarter revenues up 36%, operating income up 57%, mar gyps increased, net income up 79%. 61% of the share in that, and i like that shares going up quarter over quarter, year by year, and advertising quarter over quarter, 26% year over year. they are firing on all cylinders and worth chasing. dagen: talk about though, the chart, though, make you nervous? >> no, emboldens me, you breakouts, you know, it's almost every morning i do a morning trading idea, you know, and often i find myself chasing stocks up, like, everybody four bucks, and i'm happy by the enof the day, within a couple hours. this is just a major breakout. go out to the five-year chart or longer so you are comfortable

we have to make some money with charles payne. he is here.ng to get you some profits with an internet security software and tech company. what is going on? >> you knows, guys, i like to do the high-risk stuff with you. ashley: bring that out in you apparently. >> you do bring that out with me. vernetix is one. names on the street that has been all over the place. wall street loves it and hates it at the same time. this company essentially is a company that lives and dies off with its patents. it has been involved with a lots of suits. microsoft, cisco and won a verdict against apple. they sign pretty good deals like a deal with siemens. they have a shareholder meeting next month. i thought, it is breaking a key resistance point. closing north of 22.50 is resistance point and breaking up to 25. and short squeeze could get it to 30. i'm looking for this as a trade even though wall street analysts think next year will be a big year for revenue. earnings estimates have been creeping higher over the last three months. for me the volatile of the na

ben stein, dagen mcdowell, adam, charles payne, what do you think? >> neil, look, it's about time, really before we start, someone in washington needs to start reminding americans how great this country is. every time i see these, it's like we're the 80 pound weak ling. the last thing that will hurt us is the government having fiscal restraint. you want to talk about what's hurt us, higher taxes. no one out there wants to hear about 2%, how ownerous this is when the american public, the household debt is $1.3 trillion the hard way. so it's about time. remind us how great we are. >> it is interesting that march and april, the two months for which the sequestration effects were in, not much pain at all. >> no. not at all. and for february and march,he jobs numbers were revised higher by a combined 114,000. there were 332,000 jobs created in the month of february. so it shows that democrats and republican politicians will say anything, even if they know it's not true, to get what they want, even when they don't, they're still going to suck their thumbs

i have charles payne with me. charles: is there some sort of politically? these are minorities. that pressure on you as well? >> i received a lot of pressure. it was strictly, you know, under the guise of helping the core. you had to move food stamps. stuart: now you are saying this. what has been the reaction? >> i have been saying it for 30 years. nobody has listened to me yet. i turned and over 500 cases of fraud when i was there for just three years. stuart: how many of those cases were prosecuted or investigated? >> they had to hire another person to help investigate. if they were under $100, they just wrote them off. stuart: do you think that this is common in the system? >> yes. stuart: how widespread? >> it is all over. like i said, the very first case that i had, she had already picked up stamps into other states. stuart: you are talking about a lots of illegal immigrants. where other people coming in and fraudulently asking for food stamps? >> of course. it is free. stuart: no imposition of any standards whatsoever? >> well, there are very few requirements to get the i

charles payne? >> i'm not sure. it depends. the her rings this week started off with fireworks. look at some of these scandals. iran contra. monica lewinsky. the economy did well. the through all those economy grew great. >> neil: not watergate? >> g.d.p. was up. when it broke toward the end it was meltdown. that is what happens when the president leaves in that kind of disgrace. i will say there is a good side to this, too. the idea of stopping the anti-business agenda of this administration, i don't think the market is unhappy with that. >> i think watergate was middle of stagflation. michael mukasey monica lewinsky was in the middle of tech boom. this market doesn't care about the president. it cares about the head of feds. that is what this marketed cares about. if obama resigned tomorrow the market would probably do nothing. >> until joe biden stepped to the podium. >> i worry what this irs scandal symbolize about these the future of this country, of unsupervised bureaucrats. a government that has gotten so big. that is our our taxpayer is being spent-i don't know what will

ben stein, charles payne, dagen mcdowell, adam. dagen? >> giddy-up! come on. the president -- >> i like ben stein to do just that, you know. very good. >> the white house is taking the nation as a whole down a road toward europe, more regulation, significantly higher taxes, bigger entitlement programs. instead, we should be looking to texas as a mode no personal income tax. wouldn't we love that? but very low tax burden among the states, the six lowest tax burden in the nation. a very friendly regulatory environment, one of the smallest governments based on the number of residents of the state. and they're actively luring businesses into the state from other burdensome states. >> i think he's a pretty clever guy, the president. i think he knew all of the above. that's why he was there and that's why he was more or less trying to use the state, even though its policies are different from his own to say hey, i'm leading thi parade. >> you know what? the president is a brilliant guy, but i'm not sure -- i think he might have made a mistake. i don't give them that

ben stein, charles payne, dagen mcdowell, adam. dagen? >> giddy-up! come on.resident -- >> i like ben stein to do just that, you kno

to ben stein, charles payne, dagen mcdowell along

charles payne is here this hour.ng to add some high performance tech profits to your portfolio. that always sounds nice. >> real high performance like high performance computing. you remember cray? i know ashley remembers cray computing. ashley: i was there when they were making it. no, i wasn't. >> super computers, like huge, super-duper fast computers. i did this stock with stuart like in january. it was a monster. went up like 40% and just got hammered about two or three weeks ago on earnings. the earnings were way short i mean in every way. earnings were down, gross margin was down and management said they were sticking to their guidance. if in fact they're right and second half of the year, you can see it there, went from like 16, 23, now it is down to 17. tracy: but why? >> the earnings report was, it was horrendous. but again, management is saying they will hang in there. i got to tell you, these guys have these super computers. the last one they put out, the titan, in november, reclaimed the title fastest com

charles payne will do a follow-up on jobs he has recommended in the past. on earnings. we have ruth chris which is one of my favorites. you can see the percentages. stuart: hold on a second. charles: solar play. you like that one when i did it. stuart: it is up 24 points. charles: 3d. it is a volatile stock. those are games since i mentioned them. stuart: protesters gathered as the body of tamerlan tsarnaev was claimed last night. the funeral home picked up his body. they were then transformed to an undisclosed place. the two young men and their family, they got at least $100,000 welfare benefits. thank you very much for joining us this morning, joe. number one, could you break down that $100,000 number? what was it? food stamps? >> food stamps. section eight housing. it is also mass health. also ebt. that is a card you can carry around to get cash withdrawals. tamerlan tsarnaev got help with his community college. $5500 plus. dzhokhar tsarnaev got a scholarship from ms. city of cambridge. stuart: it is a big number. food stamps, housing subsidies, health c

right now i have liz with me and charles payne. before congress about precisely this irs issue, didn't you? liz: political audits going back to fdr. we don't know if the white house is involved in this. the problem is so serious. stuart: whether or not he gets tax-exempt status will be directed to the office handling all these requests for tax-exempt status and they say it was that office visit. do you think they would do this blanket probe of conservatives on their own initiative, anybody in the ministration knowing? highly unlikely. liz: i can't say either way, their job is to stop profits for sure. what we need to know, under nixon it was changed, fdr,der tn administration. listen, they can deny tax-exempt status if your group is in politics. but with asking about the dollar amount of dues paid, how deep to these probes go, how deep does it go? stuart: the tea party asked for tax exemptions and asked by the cincinnati office of the irs asked all transcripts of all media every speaker they have ever had any interview, transcript,

let's go to charles payne now and make you a little bit of money. 0 million a year at the u.s. open. have you guys been out there? anyway, this company, we have talked about this a million times. they report after the bell. execution has not been great lately. in the meantime, though, these chinese internet stocks have come over really nicely. the pe ratio is 11. peg ratio is one. i think you used to play hero of the qing dynasty. if you ever pull up, pull up the all-time chart on this thing. it has truly been amazing. that is why i think it is worth owning going into the earnings tonight. you never know what happens with guidance and things like that. connell: charles likes it. charles: you got it. connell: charles, thank you. dagen: thanks, charles. we are waiting for the testimony of attorney general eric holder. judge andrew napolitano talks to us about the irs scandal and why it could revive, dig up similar issues from the past. connell: first, to some of the winners today, we will go to the losers on the nasdaq. apple is down. a bunch of other

let's make some money with charles payne. charles: it is so interesting.t they are saying is this guy ron johnson was a hotshot. the only problems is he kept the same cast that ron johnson brought in. lori: oh. the cast in the commercial. charles: yes. lori: how do you know that? charles: i have been to jcpenney. look at the demographics. under 35 that they only have 30% of their customers. over 55 is significant. that is a significant portion of their audience. the house is so big and huge. you kicked me to the curb. you said i was not young enough. plus, you did not offer me any freebies. it is a step, a small step in the right direction. melissa: what does it say to them and what does it say to the people who have not been shopping at jcpenney? charles: they do have a core audience and they need to try to bring them back. these are things that appeal to a lot of people across a lot of different ranges. i felt like they were actually doing the right bangs. melissa: new exciting merchandise that i want to buy. charles: panera bread. oh my god, the store i

charles payne never did that. >> what's going on in japan?> no one knows what to make of the economy. if you look at dow futures, our market is going to be up today. this is a good thing. you get a flight to quality when people start freaking out. it started trading off based on chinese manufacturing. >> slowing down. >> the japan economy is closely correlated to the chinese economy. it's more of the same. >> yeah, but isn't the u.s. economy usually affected by the nikkei? >> sometimes. it depends. the markets are in such flux now. >> they're going up for the most part. >> yesterday larry fink who runs blackrock, the biggest money management fund said dow 28,000 in six years. when i hear that for the average investor i get worried. >> why? >> you know he's talking the book, trying to pump up the market. this is a guy that controls $3.8 billion on management. he's one of president obama's closest allies on wall street. tried to hire tim geithner. he's obviously trying to hype the market for some reason. >> the market is on fire. >> it is. >> l

that is a charles payne stalked. you recommended it, and it's up. is right on the money. right on with this one. up almost seven and a half%, and that is because true religion will be acquired by tower board's capital partners. this is a 52% premium to the october 9th shares. that is the day that the company announced that began exploring options for strategic alternatives. $32 per share deal bell unit 835 million. the u.s. me if i own the scenes? stuart: about a hundred and $80 a pop, maybe more. >> ahead to buy another pair. and then i also have my true religion jeans. stuart: what a modern woman doesn't. i'm sure you have more than that. thank you. we should you a chart there, the stock went straight up. started going straight up to the point where charles started to recommend it. you want to listen. now a new report from the gop senator shows that the women could face financial trouble when obamacare kicks in. the report suggests the law will hit women with low income or those planning to marry. it will hit them hardest. monica, real fast, is th

now charles payne has a smile like you wouldn't believe.ng a ton of money, aren't they? >> tremendous year. although, i'll tell you, there's anxiety with this. >> sure. >> you know, the audience needs to understand too because i hear from the audience sometimes they make a making money with charles idea, and next day it's 1.20, do they sell it, what's wrong, it's doesn't always go straight up. news flash, it seems that way, but the value proposition's in place. >> a great rally. thank you very much indeed. here's dagen. dagen: thank you so much. i am not connell mcshane, thankfully. good morning. summer time rally, everybody. back from memorial day and back to buying. how long before ben bernanke throws cold water on this party? president obama heads to the shore, the jersey shore. arriving in new jersey this hour to see how federal money helped repair the hurricane ravaged coastline. a commander in chief who clearly needs the glare of those dc scandals to dim. the cyber threat, chinese hackers said to gain access to the u.s. military's mos

dagen: time to make some money with charles payne. connell: you recommended this stop before. s: i got whacked real bad and it. i wanted to come back and talk about it. it has been an unmitigated disaster since then. connell: you are not right every single time. charles: i was right on solar city. i watch this entire earnings season. it is a strong quarter for us. they were disappointed. what the heck, man? let's pump this bad boy up. what i did like is he talked about the long-term safeway turns. he is absolutely right. bring your own device at work. i still like the gross margins which are strong for both products and services. we got stomped out of it big-time. i think we will be okay. obviously, extremely volatile. i think this ceo trying to be too honest paid a heavy price. dagen: you want them to tell it like it is. charles: we will all have to do a little bit of salesmanship in this world. connell: my innocence is broken this morning. charles: everyone is selling. the band bernanke, he is selling. i do not know anyone out there that is not selling. dagen: i am just throw

connell: time to make money with our friend, charles payne. n: the question is will they fight to the death, so to speak? charles: yes, they will fight to the death. a gladiator who believes in a cause. when these shorts get on the stock, they stay short. they are short, arrogant and greedy. this is going to zero. we spoke about wall street yesterday. these are the big-time guys. the hedge fund guys. nicole just mentioned groupon. green mountain up today. tesla up huge today. barnes & noble, which, by the way, i think we all wrote it all. 32% short. they do make a lot of money. there is a lot of them that they are making a lot of money. connell: what do we do with this information? charles: a lot of times, if you believe a company has great fundamentals, you can go against the big guys knowing they typically have more money and access to the press. there have been days where groupon has been down a lot, days where tesla has been down a lot, days where green mountain was down a lot. if we think starbucks will be successful and green mountain sto

dennis: it is time to make some money with charles payne this hour. ing stock. it has been all over the place in recent years. they have a whole bunch of the idea is to monetize this thing. i think they will really start. they had a new ceo last august. i think they turned it around. they beat the street four quarters in a row. i kind of like this one. when it gets going, it will be huge. dennis: a media company cannot rise unless the economy rises. you are betting here that the chinese slowdown, pretty much oversold or it is done. charles: i think it is overdone and i think we are too focused on it. we should be worried about our own economy. >> either way, talking about growth, though, this particular growth is different. advertisers would kill for that. i think this stock will be a gigantic winner. cheryl: charles payne, thank you very much. editor and chief of bloomberg is in the spotlight again today. the company is actually snooping on them. big names are worried. elizabeth macdonald is investigating. we have your fox news minute just ahead. ♪ ♪

lori: making money with charles payne. arles: first of all, orbitz reported a number a little bit better than what wall street was looking for. i like that already. orbitz has been somewhat loser of the big name. by the way, this was a hated stock from day one. it was a company called travel ports and luck stone took them private and then they spun this part out. it has always been a little bit ugly for these guys. priceline took over kayak. 6.9% of market share. this company is number three right now. kayak right now has a market cap at $1.6 billion. two times their market share with 50% less. to me, this is a company that is screaming to be taken over by one of its bigger rivals. there is a lot of consolidation. this has been significantly higher. i do like that they did much better this time around. hotels are up 20%. they still have no real international footprint, so to speak, and that is what is killing the stock. i was already in its coming in today. i think this stock is going a lot higher. lori: take you so much. a

charles payne is with me. your first take on what the devil's going on?h the market, particularly today. stocks, the big boys, the smart guys, the super duper fun managers hated exploding today. >> hated them? they shorted them, going down? >> take green mountain. i remember last year when einhorn shorted it. i went on that very day with connell and dagen said it's nuts. the reason to short it makes no sense. it was in the 20s at the time. look at the stock now. there's a 39% short position, and tesla, i passed one today, it's -- >> don't move on, now you go to tesla, a 39% short on green mountain roasters, -- >> let me explain to the audience. when companies issue stock out there, there's the float. of that hundred shares, what happens is people actually borrow the stock sphr a brokerage firm and sell it, they don't own it, but sell it at a hundred, goes down, and buy it back at 50 making the profit in between. of that bloat that's out there, 39% sold short, ultimately, they have to buy it back, and that's why when stocks go up, they go like this and go

lori: it is time to make money with charles payne. why did this one catch your eye. arles: the volume is phenomenal. you have to pull the trigger on it. in the last week, we learned that a real famous hedge fund guys bought this stock. last week it was revealed that buffett bought a stock. it seems to be the hotspot right now. for this company, it is pretty obvious to see why. the two previous backlogs had said recorrs. they have a vacuum gas oil in europe. they have a new refinery and latin america. a chemical project in china. this is definitely a global play. i like to get in before these conferences. management does a good enough job to convince the stream. this is the kind of momentum that i love. lori: do watch currencies? >> i think it is something that will be a long-term thing. wall street has a way of knocking it out. i do not think it is a problem. this is not a fly by night company. they have been around for a while. lori: they have a track record. charles: pretty good track record. china's military is back at it. lori: charlie gasparino is always at it. a