protesters are demanding a robin hood tax to squeeze the wealthy. do they realize they're really sticking it to cops and teachers? we bring in both sides of the debate. more "money" coming right up? when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. melissa: dough detroit's bankruptcy battle goes on. with $18 billion in assets how will they divide? it? we have steve malanga and wallace tuckerville. of demos. the assets considered here are really incredible. we're talking about joe louis arena where the redwings hockey team plays. detroit institute of art. in theory auctioning off the art or may

protesters are demanding a robin hood tax to squeeze the wealthy. do they realize they're really sticking it to cops and teachers? we bring in both sides of the debate. more "money" coming right up? thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or ch

the robin hood tax -- that is a huge coalition of more than 200 organizations, representing more than00 million people around the world, agreeing we need a tiny financial transaction tax that will help stabilize the markets and raise hundreds of billions of dollars to help peope. >> that was mike perlman from our new york studio, and sam and alana in our d.c. studio. at&t is using a new alert system that warns users who have been accused by the movie and recording industry of copyright infringement to discontinue alleged illegal activity. this according to the internet site torrent freak. they posted, we have received a notice that your internet account was used in connection with possible infringement of their copyright protected materials. to determine who will get the letter, at&t has been allegedly using the copyright alert system , which is designed to notify phone companies when files may have been shared illegally on peer to peer networks through their internet accounts. torrent freak accounts that repeat offenders will have their internet cut off after six warnings. at&t does

groups like occupy broad a things like the robin hood tax exciter things like that which i think the democrats even though i think you know they have their issues definitely. utilize their messaging you know to appeal to to the masses because i think that we brought up some really interesting important issues to. the country and mike we have just about a minute left but i have to ask you from your experience is there any regrets anything that you would change or make different when you had accepted money or had a leader or maybe done it at a different time because obviously timing played a huge part in this considering the fact that it happened right before winter when it got really cold so what do you think. i think that the movement itself has many legs and is operating in many different facets that maybe doesn't get front page news simply because there's not an active confrontation in the police aren't clamping down on peaceful protesters but the movement continues in the ways that the panels here have discussed today and i'm happy a lot of spoke about the robin hood tax because t

now they want a robin hood tax.nother consequence of obama care, your doctor will have to ask you about your sex life or face a fine. your answers will be stored electronically. the judge has something to say about that. and a study that says fracking isn't as bad as the greenies claim it is. it doesn't leak as much carbon loaded atmosphere, as the critics have been saying and i'll have my take on that a little later. remember, everyone, we're here to make you money on "varney & company" and we also tell it dead straight. flat-out, the markets are in a holding pattern today, at least until ben speaks tomorrow afternoon at 2:30 eastern unless of course, breaking news interven intervenes. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. nascar is about excitement. but

the robin hood government didn't done there. it hands outssistance for housing and transportation. get an obama phone if you ask, whether you need it or not. >> you got no, everybody in cleveland is a minority got an obama phone. >> eric: arizona busted up the largest food stamp prad in the state's history. there must be more of that. what do you think of all the stuff going on? >> this was founded on the principle of the individual rights. your life belongs to you. that's why none of the social progressive programs are in the competition. the pros peerous time came before any of the pgrams were enacted. the social ills have risen along with all the entitlements. and welfare programs whether it's not verity, food stamp or college cost. i hurts the recipients more than anyone. it retards and that skill. >> eric: this is a maker versus takers. people are making and put in system but a lot of people take out of the system. your thoughts? >> these are supposed to be shorterm fixes but this has become a way of life. it's leading to a up the of abuse. 46 million people on food stamps in

so that we don't have robin hood in reverse.k you. >>> that does it for me. thanks so much for joining us. please don't forget to share your thoughts, find us on facebook and tweet us. clay. mom? come in here. come in where? welcome to my mom cave. wow. sit down. you need some campbell's chunky soup before today's big game, new chunky cheeseburger. mmm. i love cheeseburgers. i know you do. when did you get this place? when i negotiated your new contract, it was part of the deal. cool. [ male announcer ] campbell's chunky soup. it fills you up right. his day of coaching begins with knee pain, when... [ man ] hey, brad, want to trade the all-day relief of two aleve for six tylenol? what's the catch? there's no catch. you want me to give up my two aleve for six tylenol? no. for my knee pain, nothing beats my aleve. you feel...squeezed. congested. beat down. crushed. as if the weight of the world is resting on your face. but sudafed gives you maximum strength sinus pressure and pain relief. so you feel free. liberated. released. dec

its better known as the robin hood tax, it proposes a 50-cent tax for every 100-dollars of specific kinds of financial transactions. the group has two hundred million supporters including warren buffett and bill gates. new data from the census bureau contains some troubling news...46-and-a-half million americans are living in poverty. incomes dropped significantly during the great recession and are still 8% below levels in 2007. earners in the top 5% have seen income gains of 67% the u-s department of labor extends minimum wage and overtime protections to 2- million home healthcare workers. starting in january of 20-15 "direct care" workers will be covered by the fair labor standards act. congressional republicans had argued against the change saying it could mean a reduction in hours for these workers. the obama administration says the move protects employees rights to decent wages. holiday sales predictions aren't too merry.as consumers remain cautious about there gift giving budgets. shoppertrack analysis projects holiday sales will rise 2.4% this year. down from 3% last year.add to th

overthrow of resident morsi -- president muslim, you have a sentiment in egypt that is so anti-muslim robin hood it trumps anti-assad. criticism in the united states about the president setting a redline in syria and whether he would back up a redline. a red lineissue of as it is issued in the arab world. is there a credibility issue that is being looked at? credibilitynk a issue is always overblown, in my opinion. the u.s., when you talk about credibility, what is the credibility we are talking about? it is a question of the message. if people don't believe that what you are doing is in the first place over chemical weapons, how is it an issue of credibility? if in the first place people don't want you to intervene, if you intervene, how is it a question of credibility? moreover, when i look at the president's statement, in some ways he allowed his opponent into find his words. it is red line is crossed, i am going to intervene militarily without international support. he never said that. he could have certainly framed differently if he wanted to, particularly taking it to the international cri

obama fan by far but you know there is i think that groups like occupy brought up things like the robin hood tax exciter things like that which i think the democrats even though i think you know they have their issues definitely. utilize their messaging sure you know to appeal to to the masses because i think that we brought up some really interesting important issues to resonate as a country that was occupy activist a lot all of saying and sam jeweler in our d.c. studio and mike perlman director of the film the ninety nine percent occupy everywhere in our new york studio. well before the great recession. increased on the west coast and other parts of the nation with room to spare or what the economic crisis that followed only a simple home or apartment became a lot harder for the average person for more on the huge push push for huge houses the residents lori harvest. microlight has been documenting the topography of the western u.s. through photos he takes from a small plane that he pilots themselves but he hasn't been focusing on the natural landscape he's been focusing on what we america

. >> people have called us the robin hoods of marijuana.so that we can take care of the kids. and the truly less fortunate. charlotte was the first of those kids. late spring, 2012. she tried the stanley special marijuana and again, it worked. >> i can't tell you what that meant -- what that means to us. >> it gets you a little bit. >> if it doesn't get you, something is wrong with you. she lived hr life in a cat tonic state. now her parents get to meet her for the first time. what a revelation. >> hi. >> yes, kit oo. >> the child who had 300 seizures a week was now down to just one every seven days. >> pitter pat, tiptoe. >> when i first met charlotte, march of 2013, it was one year after that first dose of marijuana. >> achoo! >> after almost two years on a feeding tube, she was now eating on her own. >> yellow. >> she was talking. >> even walking. >> she said please. >> but these stories, they are not without their skeptics. >> one of the country's two hospitals dedicated to gervae syndrome in florida, they said there is no evidence that

. >> people have called us the robin hoods of marijuana.we sell pot so we can take care of the kids, and the truly less fortunate. >> charlotte was the first of those kids. late spring 2012 she tried the stanley special marijuana, and again it worked. >> i can't tell you what that means to us. >> gets you, doesn't it, a little bit? >> if it doesn't get you, something is wrong with you. she lived her life in a catatonic state. now her parents get to meet her for the first time. what a revelation. >> the child who had 300 seizures a week was now down to just one every seven days. >> pitter pat, tiptoe. >> when i first met charlotte, march of 2013 it was one year after that first dose of marijuana. >> achoo. >> after almost two years on a feeding tube, she was now eating on her own. >> yellow. >> she was talking. even walking. >> please. >> she said please. >> but these stories, they are not without their skeptics. one of the country's two hospitals dedicated to gervais syndrome in florida states at present there is no evidence that cannabidio

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>> we went up to robin hood. >> what occurred while you were there?it this one boy real bad and then he started screwing him and stuff. >> jessie said he watched damien echols and jason baldwin tie up the 8-year-olds, beat them, cut them, and sodomize them. >> so you saw damien strike chris byers in the head? >> right. >> what did he hit him with? >> he hit him with his fist. >> jessie misskelley's confession gave the police the break they needed so badly. but with that statement he had sealed his own fate and that of damien echols and jason baldwin. his confession itself was full of contradictions and inconsistencies. but once it was out, almost no one would believe jessie would have admitted to doing something he hadn't done. in this so-called confession he got a lot of the key points wrong. that the evidence could not back up. >> and the police knew it. >> and they ran with this confession? >> and so did the prosecutors. >> despite the inconsistencies, jessie's statement still seemed so convincing at the time that even his own father briefly believ

we see robin hood in reverse. steal from the poor and give to the rich that's the reality.t things governor schneider did, he refused the long term unemployment benefits. he did away with that. this tea party divide and conquer, a let them eat cake mentality, they put into policy. you look at the national level, they're not helping michigan. they right away rush to pass a bill that says the republicans pushing for no help for cities that are veering toward bankruptcy. they try to cut off children and families from food stamps, people who are hurting. we had a mobile food pantry in lancing and the line was out the door two or three hours before it started. people are still hurting. we're doing the best we can to provide for them and the republicans are trying to pull the safety net out from underneath them. >> ruth, how can this not hurt the republicans? i mean, there has got to be some really local react to this. how can people miss this? >> no, i think you're absolutely right, ed. i think that divide and conquer is a good way to describe these republican politics in all of

. >> torres says he didn't just gamble away his loot but was a modern day robin hood. >> i would giveey to homeless people when i see them on the street. i give them $100. i remember one time i was coming out of a bank and kids were out there at christmastime with the salvation army. he asked me for money. i don't have any right now and i'll be right back. you can imagine what i did, okay? >> now 49 years old, torres started his career as a bank robber when he was only 17, and he claims all of his robberies have been non-violent. >> i would go in there and basically just pass the note. i never used a gun. basically used to put this is a robbery. give me all the 100s and 50s from the bottom drawer first. i wanted the money from the bottom drawer. i didn't want the money from the top drawer because that's the chump change. >> torres became known as the mummy bandit because of how he would cover his face during robberies, but he says the mummy in these surveillance photos which led to his latest conviction is an imposter. >> i would put band-aids to hide my identity, band-aids, nothing l

we went up to robin hood. >> what occurred while you were there? this one boy real bad and then he started screwing him and stuff. >> jessie said he watched damien echols and jason baldwin tie up the 8-year-olds, beat them, cut them, and sodomize them. >> so you saw damien strike chris byers in the head. what did he hit him with? >> with his fist. >> his confession gave police the break they needed so badly. but with that statement, he sealed his own fate, and that of damien echols and jason baldwin. his confession itself was full of contradictions and inconsistencies. but once it was out, almost no one would believe jessie would have admitted to doing something he hadn't done. in this so-called confession, he got a lot of the key points wrong. that the evidence could not back up. >> and the police knew it. >> and they ran with this confession? >> and so did the prosecutors. >> despite the inconsistencies, jessie's statement still seemed so convincing at the time that even his own father briefly believed he was guilty. >> when they first had him in

the problem is, the president played a robin hood plan. he went after everybody bho's got insurance. he went after everybody who has a job. he went after employers. rather than us taking care of those that did not, and let's say we are going to be 23 million people that were going to be covered and i believe that that was the number years ago, 23 million people times about 5 -- $5 $, a contribution, so they could get an insurance plan, would be far less destructive on our economy than going after 230 million people and destroying their health care plans. and this comes back to a simple ideology, mr. speaker. they want a government-run health care system. that's what they're after. a government-run health care system, just like they want in other areas of the free economy. that's why they have done so many outward things with not only from things like student loans, to the banking industry, health care industry, the energy industry. they have an attack and assault on employers and the american people. so i have great respect for these indiv

overthrow of resident morsi -- president muslim, you have a sentiment in egypt that is so anti-muslim robin hood it trumps anti-assad. criticism in the united states about the president setting a redline in syria and whether he would back up a redline. a red lineissue of as it is issued in the arab world. is there a credibility issue that is being looked at? credibilitynk a issue is always overblown, in my opinion. the u.s., when you talk about credibility, what is the credibility we are talking about? it is a question of the message. if people don't believe that what you are doing is in the first place over chemical weapons, how is it an issue of credibility? if in the first place people don't want you to intervene, if you intervene, how is it a question of credibility? moreover, when i look at the president's statement, in some ways he allowed his opponent into find his words. it is red line is crossed, i am going to intervene militarily without international support. he never said that. he could have certainly framed differently if he wanted to, particularly taking it to the international cri

it raises your point earlier this morning about whether the next fed chief will be a robin hood of sortsesident was talking about yesterday. >> summer wuss have been. >> exactly. maybe the prospective fed chairman tells the president what they want to hear in that regard, carl, and doesn't necessarily change direction, but it's something to consider. >> i thought sheila bear was interesting in her column today. maybe it was big to come -- >> you never know with sheila. you never know. >>> if you are just jointing us, here's what you missed earlier on. >>> welcome to "squawk on the street." here's what's happened so far. >> what we're allowing social media do is tap into that data and match buyers with sellers and sellers with buyers. that is ultimately a huge win. as well as being able to make the game more interesting, or the viewing experience. people watching "squawk box" can now talk. they can be a part of the conversation. you don't yell at the tv, "scott, you're nuts," they can actually tweet, "scott, you're nuts." >> the number up on cpi. >> oh, look at that. >> the dividend, 22%,

this is reverse robin hood. this makes no economic sense. even as it's left anti-hunger programs in limbo, the farm bill passed in july by the majority expanded crop insurance subsidies. according to the nonpartisan congressional budget office, these crob insurance subsidies will cost taxpayers $90 billion over the next decade. usda, united states department of agriculture, reports it spent $14 billion on crop insurance last year alone. keep in mind that means we will spend over twice as much on these subsidies than this proposed cut to food stamps will save us. some members of the majority like to argue that these deep cuts to food stamps are necessary and that we, the richest nation on earth, cannot afford to help feed the most vulnerable members of our society. this is untrue. a decision is being made to cut $40 billion in food aid to the poor while giving $90 billion in subsidies to the wealthy. that is not right. so who exactly are receiving these subsidies? that is a good question. right now u.s. taxpayers pay on average almost 2/3 of