and there is no one i love more on the fbizzle than stu varney.u and fox business tanking in the ratings, averaging just 54,000 daytime viewers, to put that in perspective, if you laid 54,000 people end-to-end they would still rather do that then watch fox news. stu is keeping a stiff upper face. he knows that there is a better measure than ratings to find out if people watch your show. >> okay. so i'm walking the streets of new york yesterday, actually i was trying to figure out how the bus system worked. but that's not a story, actually. i'm walking along and a young man coming towards me looks at me very closely. he is not dressed like a banker. far from it. he sticks out his hand. i think he wants money. instead he says let me shake your hand. i still think he wants money am but no, he wants advice on a stock. who would have thought. he is a viewer. yes! (laughter) >> stephen: who would have thought, who would have thought someone watches stu varney, guess what folks, that man was not alone. >> ten yards down the street i'm buying mangos from

another hour of varney and "varney & company" coming up in two minutes. ♪ really... so our business canor $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business. stuart: the memorial day weekend is about to begin. we honor those that serve our great country. our second hour starts with this. enjoy the summer. cast out the winter. surely the summer holds promise of real hope and change. [laughter] stuart: how about a tablet from google with a 3d camera. here it comes. we explained. fighting pro- fracking colorado. putin's arch enemy speaks out. we were there. gary loves capitalism. there is no return to mother russia for him. we will show you a statue, we have already shown it to you, it was 5000 years old. being sold for one quarter million less than that

stuart varney joins us on that bill: this is terrifying to watch with a hot-air balloon and people inside bursting in flames in midair >> screaming, please dear god, sweet jesus we're going to die, please help us, please help us it was the most horrific thing i ever witnessessed so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that?

it is now stuart varney, "varney and company" begins right now. stuart: good morning, everyone. that line looks good. no jobs, lower jobless rate. dig deeper and is not so pretty. welcome to the new normal. we welcome fire rescue guy john sadler who is in new york with a new investment. sandy thomas is here too, the grocery store owner whose bank account was emptied by the irs. no warning, no charge. we will deal with obamacare. very few of those much needed healthy and people are signing a. harry reid takes the pipeline vote to the senate. what is that? is new. "varney and company" is about to begin. any other agency had anything like that kind of power? to seize and take? judge napolitano: no. stuart: the police? judge napolitano: no. only the irs can do this and get away with it because the congress permits them to do so. congress is complicitous in all of the accesses and the irs by writing statutes that give them this kind of liberality. stuart: that is what judge andrew napolitano said on the latest irs outrage. this is a story first reported by george will. the owners of

it is time for "varney & company." stuart: look at him dancing around microsoft. $2 billion for la's other basketball team. he was sure in your face. the intolerance of modern liberals. the new big thing. u.s. game on ali baba. technology. microsoft tries to get ahead of the game. the stock is up. a taxi for 2017. approval for virgin pic space credit. millions of lives lost. the last day of may. the friday addition of "varney & company" is about to begin. ♪ stuart: look at the big board. two good rallies away from 17,000. another record for the s&p. as for the 10 year treasury yield, yes, it has moved up a little bit from yesterday. last barometer for you. the price of gold still going down. there are some big names that are moving today. charles payne reason pics. apple up 12%. netflix up 18%. that is this month. charles, you have 10 seconds. charles: making money with charles payne. stuart: what is it called again? charles: making money with charles payne. stuart: that is a good friday morning introduction. charles:

"varney and company" is about to begin. check the big board as we kick off "varney and company"'s first hour. we are down 26 points, we were down 60. we have home depot, profit disappointing. we use this as a kind of economic indicator. home depot saying that housing slowdown really hurt it, nonetheless home depot is up 2.5%. figure that one out, it isn't known to dollars, i thought this was down. staples expects a decline sales, shoppers are going online going to the competition ensure enough that staples taking a hit. 11% down, big hit. another retailer hurting, dick's sporting goods cut its profit forecast, dick's down 15%. got to wrap up the market coverage at the top of the show with this, the yield on the ten year treasury staying right around 2.5%. that is significant, that is a very low level. that is markets. have a billion dollars in taxpayer money wasted on four failed obamacare exchanges. republican senator has of bill that would require states to pay that money back to the fed's. he joins us from capitol hill.

eastern time but now it is time for stuart varney and "varney and company". it is all yours. stuart: good morning, everyone. the irs scandal breaks open and two friends, lois lerner's targeting is linked to washington and democrat senator carl levin used the irs to go after conservatives. a hedge fund billionaire says the stock market makes him nervous, that is the headline of the morning from a celebrity investor and that market is down. she was polarizing, mercurial and 20 will pay at the new york times, jill abramson is out as executive editor. 3d printing once a darling and now shakeout and believe me it is ugly. the government deciding right now whether streamers like netflix should pay more for speedy delivery. this is an net neutrality issue in the big deal. so are we. "varney and company" about to begin. ♪ stuart: we start with big names that are moving, start with the biggest retailer of the mall, walmart, lower profits, slightly lower sales, they blame the weather, stock down 2%. dickens story at cisco, maybe a sharp slump in business. maybe it is easing. the market

joining us now is tom varney of allianz risk consulting. he"s on set with us this to talk about how corporate america can prepare. are most companies ready for tornadoes which are what we are dealing with now in the weather? > > for a tornado, they really have fast wind speeds of up to 200, 200 plus miles per hour. the first thing that you need to do is to really prepare your employees. so really putting together an emergency plan for employees when in fact a tornado is a going to happen because it does come upon you very quickly. what is the game plan? where do your employees need to go in case that happens? from a business standpoint, one of the things that we need to do is really understand what is the impact on my business if in fact a tornado is to hit one of my facilities or destroy part of my facilities, but also the impact that may happen if in fact a tornado hits one of my suppliers. what's going to happen with that aspect of it? > > when you go to companies to find out if they're prepared or not. how do you test this? how do you g

stuart varney. now, is this all bs to you, white privilege? >> no, it's not bs, historically. is accurate. white privilege existed in the past. i don't think you right historical wrongs by guiling the present. this white privilege idea is divisive. teach a class in that and you are dividing that class. you are dividing america. >> these radical students and that's who is driving -- now, i don't know whether -- i i didn't believe the kennedy school is going to do this. he bad publicity for them to do it. the original intent of the course was to check white privilege which means to attack it? >> that con dessends. >> i will get to you, reverend, let varney go ahead. >> i think that con dessends to the people in the audience to. people in the class. it takes no account of individual activity, individual response. >> i got it all right, reverend, you say? >> and i understand it what they were attempting to do and what students have been calling for is in particularly a place like the kennedy school, which teaches and deals with people who are going to be setting public policy is t

time for "varney and company". i will see you monday. it is all yours. stuart: good morning everyone this socialism takes a beating. not a bad start for a friday. indy all landslide win for the private enterprise party. the world's biggest free election froze out the left. back home and astonishing valuation for the taxicab worth $10 billion. and an online bulletin board worth $5 billion. here come the big kahunas, stocks are going down. here is another name, charles payne vindicated, swimming against the tide all these years, always supported j.c. penney. "varney and company" is about to begin. >> we got a check of the big board but there is not much going on. pretty much the same story with the s&p 500 this friday morning, $18 and scsi $0.09 is where we are, not long ago we ran 1900. billionaires' buying and selling. star with berkshire hathaway buying the stake in verizon, a levon million shares. let's put verizon up 2-1/2%. david tepper bais facebook, price line and expedia and more google. not much impact and just release the government is going to

[laughter] stuart: katie is a new start of "varney & co."ughter] take you for being on the show. >> thank you and see you soon. i'm in trouble with this. coming up next, global fast-moving protest coming tomorrow. it's all about raising the minimum wage. and one ceo says that will be very bad for his business. he knows this personally. so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. >> krispy kreme doughnuts has appointed tony thompson as its new president and ceo. james morgan who has been the ceo since 2008, recently revenue has been rising as the company has added coffee and other beverages to its menu which helps to boost customer visit. shares trading by almost 1.5% and sony says it will report an

stuart varney. now, is this all bs to you, white privilege? >> no, it's not bs, historically.s accurate. white privilege existed in the past. i don't think you right historical wrongs by guiling the present. this white privilege idea is divisive. teach a class in that and you are dividing that class. you are dividing america. >> these radical students and that's who is driving -- now, i don't know whether -- i i didn't believe the kennedy school is going to do this. he bad publicity for them to do it. the original intent of the course was to check white privilege which means to attack it? >> that con dessends. >> i will get to you, reverend, let varney go ahead. >> i think that con dessends to the people in the audience to. people in the class. it takes no account of individual activity, individual response. >> i got it all right, reverend, you say? >> and i understand it what they were attempting to do and what students have been calling for is in particularly a place like the kennedy school, which teaches and deals with people who are going to be setting public policy is to

i will hand it over to stuart varney. stuart: thank you, maria. glad you could join us. not a bad way to come back from the holiday. we will have to take this from obamacare. much higher cost for employers. how about this. dim the lights. turn on the dishwasher from your iphone. you are not interested? okay. apple thinks you will love it, eventually. uber now worth $17 billion. it gained 5 billion over the weekend. it is a taxi app. we will try to explain it. varney and company is about to begin. ♪ stuart: let's take it off this morning with some of the big-name stocks. pilgrims pride offers to buy wilshire. they are both food conglomerates. remember, phil scheier offered to buy pinnacle for $4 billion. conglomerates getting together in the food aisle at the grocery store. we are a couple solid rallies away from 17,000. we have that graphic ready to use. here is the s&p 500. look at it now. up another 10 points. charles is here this tuesday morning. a lot of people talking down the market. you are always bullish. not about the overall market, but about stocks that you li

stocks you just heard from stuart varney. the nasdaq, the s&p

stuart varney host of varney and company on the fox business network. you are an optimist, but even the pest mists weren't predicting this number. >> reporter: the economy is shrinking at the annual rate of 1% and not even the pessimists thought it would be this bad. there is an inclination to blame the weather but you can't blame the weather. you have to look further than that. lack of jobs, lack of income coming into the economy and the threat of obamacare coming down the pipe which is terrible five years after the recovery was supposed to start. bill: it was 1.1% by was bad enough. now they revised it and said it is minus 1.1%. it means you are not going to get 3% growth for the entire calendar year. for four years in a row we had a hope we would get to 3% growth. four years in a row those hopes have been dashed and the chances of this year, 2014 getting to 3% are slim and none. bill: wasn't the fed saying we'll get to 3% to 4 per by the even of this year? >> maybe there will be a quarter but you average out the full year you have got 3%. bill: i don

something that you would buy at the men's or varney's.you think that maybe 10% are prepared to be socially conscious consumers? >> i think, actually, i think it is probably around 20%. i think that it is growing. everybody wants things to be done efficiently. if we do not, we pay the price in the long-run. i juggle all of them at the same time. >> do you have shoes in the lineup? you did not ask about shoes, stuart. >> i think that this is smart business. it is about being efficient and cutting costs by really doing things the right way in the beginning instead of later. for the first time in decades, more businesses were lost, closed down then opened up shop. stay right there. the real halftime report will discuss it in a moment. ♪ (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and aft

deirdre: thank you very much, stuart varney.ed in state property whether you like it or not. attorney record $130 billion to pension funds. and if you watch tv or use the internet, net neutrality counts. regulators are not separate in web traffic into fast and slow lanes, for now. more what that means for you and companies such as netflix and google coming up. and a bet on your impatience. betting on a new order ahead. what the decision says about the business for mobile payments.

it is time for "varney & company." stuart, take it away. stuart: good morning, everyone. we have the judge. a presidential poverty have it. we shall do more. kind of an odd calculation. fallout from foreign policy or flat out. where is the growth? order online in the morning. get it in the afternoon. google and amazon try it out in los angeles. 47,000,004 hamptons beach house. all of this on cinco de mayo. we will debate that. "varney & company" is about to begin. ♪ stuart: attorney general eric holder working closely with financial regulators to bring criminal charges against large financial institutions. there is no such thing as too big to jail. all rise, judge andrew napolitano is here. what is the legality of it? >> right. what the political clamor is for is to see bankers and orange jumpsuits dressed the way that we are perp walked into a courthouse. the banks did something wrong. the banks caused the mess in 2008. why aren't they punished? why is it that big banks can pay these huge fines to the federal government and then not get anybody indicted. >> that is a pol

"varney & company" about to begin with a surprise guest. he is a trial lawyer who just got the biggest payday of his career. this time, i am on his side. ♪ stuart: check out the market. i am going to call it but a much dead flat. no deal for astrazeneca peered that company has rejected a final $121 bid from pfizer. astrazeneca taking the hit. down. pfizer up just a fraction. pfizer could go back in six months with another bid. the market is telling us that that is not going to happen. at&t will try to buy direct tv for nearly $49 billion. right now, both of those stocks are down. here is the reason that i think at&t wants to go for direct tv. that is the value of live sport events. nfl sunday ticket, and i'll be extra innings, nba league pass, international soccer. i say this proposal is all about live sporting events. protecting people. am i right push her mark. >> you are right in part. i think this is a direct response to the comcast time warner deal. stuart: okay. both stocks are down. why is that? >> i do not know exactly about that. s

"varney & company" is about to begin. ♪ stuart: we have some big names stocks.e follow it for you all the time. look at this, please. at&t reportedly in talks to buy a tnt. there are some skeptics around on this deal. it is a lot of money. direct tv is no longer a tech leader. big beat for the cloud computing company. they take your stuff and they store it up there. the stock is up nearly 10%. twitter coming off of a decent game. it has become our proxy of sorts. now, it has a mute button. mute people you are following without them knowing. we wonder what dr. keith ablow with say. he is not keen on the twitters of this world and now they have a mute button. now look at green mountain. coca-cola increasing its stake in the company. charles is with me. now, coke. they must like green mountain. >> they think they can say it and it happens. they have these gigantic orchestrated campaigns to deliberately hurt these companies. that is what pleases me off about them. i am rooting for the shareholders of green mountain in this. coca-cola has to do something. now it is t

"varney and company," we are about to begin. let's start with an example of the abuse of power by the irs. george will in a washington post op-ed tells the story of a michigan grocery store owner who would make small deposits into the bank very regularly to avoid having too much cash on hand. this aroused the suspicion of the irs. they assumed he must have been up to no good. they launched an investigation, presumed his guilt, used an arcane rule called civil forfeiture to empty his bank account. all of this was done without ever talking to that business owner or charging him with a crime. all rise. judge andrew napolitano kicks off the program. welcome back. what is going on here? judge napolitano: george will is our colleague and one of the finest writers in america today and also one of the most fearless points our problem which is bubbling beneath the surface for many years and this is the fault of congress for letting it happen. congress enacted a statute that said for every deposit or withdrawal from any bank account no ma

time for "varney & company." stuart, over to you. stuart: good morning, everyone. climate change is real. it is hurting everyone. now, he will start to fix it. the french go the other way. tax cuts and saving cuts. warm up. amazon geared amazon beats walmart. switzerland wants to bite american household names. the list is long. much worse for the environment than the pipeline. yes, we have that story. we bring you the guy that survives naked on a desert island. "varney & company" is about to begin. ♪ stuart: three big names we are watching over you. hedge fund manager david einhorn betting against athena health. he calls it a bubble stock. look at it down. the lockup period is over. the stock is down big. 11%. they are buying burke. check the stock. you know the names involved here. stock. and clanton amongst many others. and it is a long list. president obama anticipating the national climate assessment. that report finds, quoting directly, climate changes having a present-day negative impact on americans's everyday lives and damaging the u.s. economy as extreme w

joining us, time for "varney and company". stuart: good morning, you can't blame this all on the weather. the economy is shrinking, even the president thought it would be better than this. here is a gamble. apple buys beats for $3 billion. is doctor dray is that cool? another government run health care problem, not the va or obamacare but medicare. lousy recordkeeping, potential fraud and we will bring you a very american success story. all-american industry immortalized in classic films, winnebago. "varney and company" is about to begin. stuart: to the markets this thursday morning. apple buying beets for $3 billion. the stock hit a new 52 week high. lot of angle on this story coverage for you moments from now. slightly better sales than abercrombie, investors like it. it is up 3%. check the big picture, dow industrial average up 13, 16646. getting a nice boost from disney which is that another new high. actually down a little bit. 83 for disney, we will take it. record territory once again for the s&p, we are now well above

that will do a force on opening bell, stuart varney, "varney and company". stuart: good morning the you heard this before, technology rules and climate change will kill you, news on both fronts today, microsoft desperately wants to the king of the elegant, the new top guy says microsoft will build the next big thing. maybe google already has. a functioning still driving car makes its debut. we will show you. climate change the epa is killing cold to save the planet and now we know the cost, tens of billions of dollars. the epa is saving the planet one of plants at a time. your kitchen stove and the ever reliable prince charles says this, capitalism has to change to save us from global warming. "varney and company" is about to begin. stuart: we will love to tell you there's action on the markets but there is not. the dow just coming off of its lows of the day down 27. another record for the s&p 500, a much broader market indicator. record earlier this morning 1909. here is the key interest rate lot of people follow closely. is that right? 2.43%? lowest since

latest facebook attempt to assure users are part bodyguard and part varney. >>> sex, drugs, gdp. i told tu would be a good show. even when they say it is not it is always about money. adam: fallout from the minimum wage movement. amazon is hoping to replace some workers with robots. they hope to have 10,000 rob boats operating in its warehouses by the end of this year. we want to bring in simon constable from "wall street journal." and monica met at that and can they totally replace human, monica? >> this is more to seek investor interest. there was a warning last month that revenue is really slowing down. they're looking potentially a $500 million loss next quarter. for a company not really great at profitability and more so on growth they need to have the sizzle. adam: let me ask you, simon. i'm looking right now, shares of amazon are trading up. this company, they are so huge. are they jumping the shark? >> i don't think so. i use amazon all the time. other than my rent i think tax man -- adam: you will own your apartment one day. watch. >> they probably will. we heard a lot a

"varney and company" is about to begin. we watch retail very closely on this show especially brick and mortar, some of them in decline, some of them not. first office years, down to nearly 3%, big discounts not helping sales. higher profits but more customers at dollar to 3. a bit dozy%. a big beat for best buy and that stock is up 5% so it is a mixed bag for retailer, brick and mortar this morning. check the big board this thursday morning, we're 26 points, 16559. we are waiting for a chinese retailer called j.d..com going public today, hasn't started trading, you will know when it does. you see that sign? the treasury department reveals the irs workers spent more than 500,000 hours on union activities last year. that cost taxpayers $23.5 million. that cost taxpayers $23.5 million. monica crowley is here. you call the irs scandal, let me get the quote right, the worst scandal in u.s. history. >> the most dangerous scandal in u.s. history. stuart: this is different, this is separate. this is a scandal about union activities

stuart varney, host of "varney & company" on the fox business network.ood morning to you. >> good morning. martha: nobody begrudges people deservedly accepting a disability check but we know that is not the case across the board and these numbers are higher than ever. what is going on here? >> america is becoming a increasingly a welfare state. looks more and more like europe. there are vast expansions in unemployment benefits, food stamps, cash welfare. as you see on the screen an explosion in disability. during the obama years we've gone from eight million people, just about eight million people claiming social security disability payments all the way up to nearly 11 million. that is a huge explosion in disability payments. now a lot of people are taking what is called the disability option. they find a job. so they take, treat disability almost as an insurance policy against no income or no job. so you have got this explosion in disability payments. and martha, we can't afford it. martha: that is what i was going to ask you. this is an extraordinary a

stuart varney, host of "varney & company" on fox business network here to explain what this means. what does it mean for the way we watch tv n the future. >> it may bring us closer to watching anything, anywhere at anytime especially live sports events. directv has a very nice operation bringing you live in. fl games. if at&t takes directv maybe you watch those live in. fl games on mobile and tablet or even in your car. that's the way of the future. this may come from this particular merger. number two, these two companies bring together phone, pay tv, live sports that gives more opportunities for bundling. get all of this for this price. you may see more bundlingthis deal goes through. number three, eric, the industry, mammoth industry what provides entertainment in your living room and entertainment on your mobile it is consolidating into three giants, comcast, time warner and at&t, directv and the verizon empire. so the future of television, what you get and where you see it, is probably going to be shifted because of this deal. >> wow, we used to watch that big magnavox furnitu

stuart varney, host of "varney & company" on fox business network and stuart, good morning >> good morntha: great news >> let me answer the question directly, will other states see kind of increases in store for virginia the answer is yes they will and let me explain this "wall street journal" will look at what insurancers post for premiums next year in 2015 there is average of 8.5% premium increase from anthem i should say, they serve 110 individuals in that one state virginia, average increase, 8 1/2%, why are they going up? why are costs rising? number un, because less healthy people are signing up, costs more to cover them, therefore we all have to pay a bit more, second, taxes are going up this year, there's a big new tax on all insurers and all plans, takes effect this year, got to be paid for, the coverage mandated by obama care people is more expensive, much broader, that too has to be paid for so to answer your question directly, other states, because they feel the same pressures, will also be going up next year, in terms of the premium costs martha, that is the premium and tha

let's talk to the host of "varney and company" stuart varney.great state of colorado, a half million in january, almost five million. you asked? >> is colorado legitimizing the pot business? the answer of course is yes. that's exactly what they are doing. they are legitimizing it. they are creating financial infrastructure for this brand-new business. as you say, the feds,ç the big banks, they can't accept all this money. >> it's federally illegal. >> it's federally illegal and the banks don't want to give the obama team an excuse to crack down on the banks by saying you're dealing in drug money there, boys, we're going to hit you hard. so they've got to come up with an alternative. and they have. >> and the thing about -- and the reason we put that graphic up a moment ago is to show you we're talking about millions and millions of dollars largely in cash. you know, there's a safety issue. i get that. but at the same time it is like what are they going to do? because they've got this carvingout in colorado, tzey've got to figure out what to do

stuart varney is the heat of varney and company. break count numbers. $2 million offered by steve vanner for the clippers. that's the highest price for an nba team. it's $400 million than the last best offer for the clippers. main steve barber is august of this much more money to induce a sale by donald sterling who at the time wasn't sure if he was going to sell. here is $2 billion. michelle sterling is the financial winner in all this. martha: she was publicly humiliate as her husband sat in the front row with his girlfriend and she has sign sad binding contract. is there anything that can be done to get out of that? if this lawyer says we don't think the team is for sale, it seems like he's the last to know. >> there is a june 30 deadline. sell it or we'll take it away from you as of june 3 which is the middle of next week. i'm not a lawyer. but it seems to me a $2 billion inducement to sell this thing is a strong inducement. wait also tells you is the rising value of sports france choose is. one of the best soccer teams in the w

get this, nothing will change with stuart varney cheering these games on. sad.cheerleader for these games. i have no problem if it holds their attention and they are engrossed in it. i do not see anything wrong with that. >> when he was small, like one years old, we had a babysitter. all she did was pop him in front of the tv. my mother can't man came in and she took over the job. he bloomed. >> thank you charles. a new survey finds 68% would be willing to risk physical danger to retrieve their cell phone. 68%. it also found more than half of the people would pay $500 for the return of their cell phone data. here is my question to you. which would you rather lose? your wallet or your cell phone? we do want to hear from you. weigh in. we love to watch big names for you. a bit of a balance today. listen to this, toyota reports a record profit. up next, to topics for the judge. lois lerner held in contempt by congress. i said i hope things goes nowhere. what does the judge say? aman a man reviews a product on amazon. he is bright and with a lawsuit by the company t

stuart varney is the host of varney and company.ell us about this. >> reporter: with the va and obamacare scandals, the performance much federal workers is the issue. this is more bad pr for the federal work force. 318,000 federal workers owe an average of $10,000 each. if you break it down further find 486 workers in the house of representatives owe over $5 million. in the senate it's 228 workers who owe $2.7 million. the delinquency rate in the private sector is worse. federal workers make more, they get better benefits and they have a job for life. you would expect they would pay their taxes. this is bad pr for the federal workforce. martha: it's hypocritical to work for the federal government anding to support that that money has to come in and be paid. i was amazed by the people who work in congress who owe money as well. it comes on top of this tory about the irs giving bonuses to people who have not paid their taxes by makes anybody in the private sector scratch their head. >> reporter: the bad p.r. extends i think to preside

stuart varney is host of varney and company. good morning to you. what do you make of this report? >> two headlines create a mixed picture and jobs. 288,000 new jobs were created last month. that's a positive number. the trend is up in job creation. second headline. 800,000 people dropped out of the work force. that's why the unemployment rate dropped and that's why the participation rate of the labor force is 62.8%. another generation aloe. next picture, martha. martha: you want to have in your mind how many people are actually work and how many people are participating in the labor force. and those numbers have been at decade lows. in this last report they dropped a smidge lower. >> reporter: 62.pay the% is the -- 21.8% is the participation rate. welcome to the new normal. well paid jobs are scarce. america is not work the way it wants to work, and we are not where we are -- not where we were in the recovery from previous recessions. this is the new normal. martha: i don't think i like the. i think a lot of people don't. bill: a murder plot has been foiled. minnesota police uncov

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"varney and company". let's start with markets, individual stocks, big names that are moving, luxury sector pay offer tiffany doing well and more profit in the future. that stock is up 8%, general motors another recall, 218,000 cars this time bringing the total cost to recall some $14 million this year, stock is still at $33 a share. lower profits at target, some of progress as it rebuilds customers' confidence after the data breach, taking a hitting canada. stock is down fraction, $0.20. lower profits at american eagle outfitters, down she goes, 3%. very different story. that is a solid rally. we are up 1%. 16-5. the headline to beat all headlines, check out health insurers first, we have a bombshell obamacare and mine. it is a bailout for insurance companies. the obama administration quietly made adjustments to the law. they want to keep insurance premiums down before the elections and would make the difference to the insurers with taxpayer money. congressman marcia blackburn joins us. i call that flat o

business network with varney & company. >> bl hello, everyone i'm kimberly guilfoyle. welcome to the five's memorial day special. it's the unusual kick-off -- unofficial kick off for summer. we pause to remember those who have served our country. on this memorial day, it's an outrage that some of our veterans have been betrayed by our government. dozens have died waiting for health care. >> we took him to the emergency room at the va. september 28th, he was showing signs of blood. he wasn't feeling well. his stomach hurt. >> what did the va hospital do? >> nothing. >> he fell december 7th of last year and he broke his back. it's taken months to get the va to do anything. he needed a procedure where they inject surgical cement into the back. >> do you agree with this doctor that says there's a secret list and do you think your husband was on it? >> yes, i do think my husband was on the secret list. >> you think your husband might have been the last person on that list because he died a month ago? >> he died a month ago. yep. he was probably the last person. >> that was

we have stuart varney, host of "varney & company" on the fox business network.do we know about these extra bonus incentives these workers received? >> 11 people got $481,000 worth of unauthorized bonuses over a period of years. 10 of them had not had this bonus reviewed, not any work review. one person got $77,000, spread over a period of years even though the money was supposed to be paid in one year to keep that person in the, in the epa. there is not a great deal of money involved here, martha. what is involved is the anger at taxpayers on another bonus scandal and the principle that is involved. after all, right now americans are paying more in tax than at any point in the entire history of the country. and the president is trying to expand the powers of the these bureaucrats who receive a great deal of money, far more money than if they were working private sector. look at this. in the private sector, the average salary in 2012 was 49,000 bucks. in the federal government sector, $73,000 in that same year, a huge difference in pay, benefits are much better a

joining us is stuart varney, host of "varney & company" on the fox business network. stuart, what went wrong here and what does it tell us about the big picture? >> let me try to run through the sequence of events here and what massachusetts is trying to do. they have a state-run health exchange. it's failed. it's not working. they're abandoning it. they're going to a private enterprise system, literally buying software off the shelf from the private sector to run their health exchange in the meantime. by november the 15th they want to revamp the original state-run system and turn it over to the federal-run system. okay. that is obamacare.gov by november 15th when enrollment for 2015 starts. follow the trail here. state-run to private enterprise, to federal run. clearly massachusetts is not abandoning its belief that bureaucracy, government bureaucracy, can and will run its health exchanges. not abandoned that. they're not going to private enterprise. they're staying with government-run health exchanges. i don't think that works. martha: if they got to the private opt

stuart varney, we asked him to walk in and talk about it.s. >> good morning. >> and it's your legal obligation as a u.s. citizen. >> wait until you hear how madonna handles jury duty. >> she dances. >> like a virgin maybe. >> hello. ♪ ♪ smoking... ...because it was easier to smoke than it was to quit. along with support, chantix (varenicline) is proven to help people quit smoking. it's a non-nicotine pill. chantix reduced the urge for me to smoke. it actually caught me by surprise. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these, stop chantix and see your doctor right away as some could be life threatening. tell your doctor if you have a history of heart

business network with varney & company. >> bl hello, everyone i'm kimberly guilfoyle. welcome to the five's memorial day special. it's the unusual kick-off -- unofficial kick off for summer. we pause to remember those who have served our country. on this memorial day, it's an outrage that some of our veterans have been betrayed by our government. dozens have died waiting for health care. >> we took him to the eme

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tune into varney & company. on the fox business network. coming up next, "the five." >>> hello, everyone. i'm kimberly guilfoyle along with bob beckle, eric bolling, dana perino, and greg gutfeld. it's 5:00 in new york city and this is "the five." >>> did the administration deliberately deceive americans about the benghazi attack? well, today house speaker john boehner announced a special committee is being formed to investigate. the move comes after newly released emails advised susan rice to tell the world protests regarding a video. >> benghazi, benghazi, benghazi, what are you talking about anything else? >> president obama is part of that chours. >> your detractors believe you did not tell the world it was a terrorist attack because of your campaign. >> finger pointing at someone else and not accepting the responsibility, eric. >> dudes, let me tell you something, i'm going to try and start every sentence with something. it was two year ago. yeah, it was two years ago. can you imagine the parents of the family -- the great americans wh

stuart varney, host of "varney & company" on fox business network stars it out. good morning, stuart, what do you think about that number? >> it's a not a great number. by no means is that a great number. what it does it takes us back to fall of last year before this horrendous winter. as you can see that is the layoff rate. that is still above 300,000. that implies it is not a vigorous recovery. in fact it is a rather tepid recovery. once again, martha, it is springtime. here is spring. we were all hoping for a rapid growth of the economy. maybe three or 4%. this number does not imply we're there yet. maybe 2% growth, but not 3 or 4%. that's where we are. martha: so when you look at this the stock market seems to be, you know, fairly happy over the last few months. they're looking at corporate bottom lines as well. where's the disconnect? >> there is a disconnect because of two things. number one, corporate profits are very, very strong. american corporations have learned how to make a lot of money without hiring a lot of people. number two, the federal reserve