Transcripts For FBC Varney Company 20240622

The president s war on coal. How do you feel about it and do you have a voice . For the next few hours you will have a voice. Varney company is about to begin. All right. We are starting with oil and gas. The price of oil is bouncing back just a little today. With just under 46 a barrel, but thats relatively cheap. Please remember, a couple of months ago, oil was in the mid 60 per barrel range. Right, now youve seen oil and were finally seeing that steady drop in the price of gasoline that we have been looking for. Down a penny, the National Average is 264 that makes it nine Straight Days on the price of regular gas, its come down in price. There are two states tied for the cheapest in the country. South carolina and alabama. Both paying an average of just 2. 26 right now and falling fast. Check out this picture, sent to us by our viewer, chris, by spartanburg, south carolina, paying, 2. 19 a gallon. Thats what hes paying on the side of route 95 what it is. Well put them on the air, its very, very cheap or very, very expensive. Were expecting very expensive numbers from california, most expensive gas in the land. The average price for regular there is 3 and 71 cents. Weve seen pictures of viewers way over 4 in california, keep the pictures coming, please. Great story and very good for the economy. To the election, the g. O. P. Debate, two days away, republican president ial candidates held a forum in New Hampshire last night. You can see them all trooping onto the stage. Three were absent. Donald trump. He was not there either. A new fox news poll, look at this. Trump has the biggest percentage of support so far. Jeb bush second, 15 , scott walker third, 9 . Trump posted a question for candidates on facebook, listen to this. Id like to ask all of the candidates as politicians and really not negotiators, people that dont negotiate jobs and lots of other things, how are you going to make America Great again . Isnt he good on television . Fox news contributor for the National Review is here, and ashley webster. Katherine, cant ignore this guy. I dont want to ignore him either, thats the thing. Yesterday pretty boring. These debates are not going to be boring because of donned trump. Hes something new, not a politician, people are sick of politicians. In the last election, people wanted a beer with obama. Id rather have donald trump than hillary. Ashley hed probably buy the drinks. Stuart 26 of the vote. Never seen that before. Ashley whats interesting, stuart, if you look deeper into the latest poll. 34 say they would definitely vote for him. Two months ago, 8 , more than kwau quadrupled. Some say they would never vote for him, but it was 59 in june. Stuart katherine at the National Review, i dont know how you feel about trump. I think youve said on this program that you dont want to see him as president , but youre enjoying his run for the presidency i am enjoying his run for the presidency. Hes making things interesting. Stuart youve got to entertain the possibility that he gets the nomination and think about that. I do, but at the same time i kind of think when it gets to the wire he hasnt been that consistently conservative at all which people say that about hillary, but hes not at all. Ashley hes the number one candidate for the tea party. Right, right, i guess. Ashley go figure that one. Stuart i havent a clue what his policies are. And let me move on to hillary. A different story there. In the same poll still in first place, 51 of the vote, okay, Bernie Sanders, 22 , however, hillary is showing at 51 is down from 59 , that was just two weeks ago. And look at vicepresident joe biden. He hasnt said hes running, he hasnt formed a committee or anything at all, but he gets 13 of the vote. What this tells me, ash, is that hillary is in deep trouble. Ashley she is, in fact her ratings were 61 a month ago. Shes lost 10 in one month which is quite significant when you look at the numbers. Bernie sanders at 22 the highest hes had. Hes coming up and hillary is coming down, its interesting. Stuart panic mode for the Clinton Campaign . Probably. She keeps lying and no one is excited to watch her speech. Has anybody said im inspired by listening to hillary speak . He is shes not a good speaker, she keeps lying, not trustworthy and she doesnt actually talk about what she would do specifically other than like Little Things that are kind of older solutions. Stuart its fascinating. Ashley love it. Stuart its the first week of august in 2015. We dont vote until november of 2016. Enough of this politics, lets get to the markets. Where are we going to open today . I regret to say its going to be pretty flat. Up 6 points maybe, but look at the level for the dow. We closed yesterday just below 176 where well open this morning, right around 176. Okay, got it. However, a flat opening, but there are plenty of stocks very much in focused. Start with apple. All the way down to 118. Thats the close yesterday. Opening this morning around 117. Is that cheap . Is that the kind of price level where apple lovers would pile banning in again . We shall see and well ask that question today. Same question for facebook. Can came down it came up to close a 100 a share a week ago and now its at 93. 94 with the close yesterday. It opens today at 93. Again, same story. Buy on this dip . We will ask that question. Twitter, trading near an alltime low. Could be ripe for a takeover. 29 a share on twitter. Down she goes. Now, were keeping a close eye on disney, its an absolute juggernaut thats the stock. Extraordinary performance for a company that size and reports its profits late this afternoon. Can it keep making money off frozen, pixar, the marvel super heroes, at 121, i think thats the alltime closing high. All right, thats the market. Now, to the president s climate plan. He wants to cut power plant emissions 32 by 2030 and wouldnt you know it the Mainstream Media loves that plan. Ashley has been scouring. Oh, my josh, its fascinating. How much do they love it . They love it a lot. Lets bring up headlines for you, lets begin with the Washington Post. The Washington Post saying, if i can go through my papers here, and the screen. The g. O. P. Candidates ranging from hopeless to hapless on climate change. Lets go to the new york times. President obamas tough achievable climate plan, also times, a climate plan the business can like. Really . And then this one, obama takes a crucial step on climate change. So, there you go. I guess we guess we know where they stand on this, theyre very supportive of it, but my goodness if youre looking to the cost of it and what it means to you and i and everyone at home and higher electricity bills and its going to end up in are the could. Id like my voice to be heard. I dont think theres any vote on this. Well find out from the judge shortly. I dont think theres a vote on this. You would do this . Thats it. All right, how does this sound . New york to london in one hour. Lauren has the story. Go lauren. Ashley is getting excited. How you could see some families, imagine that, getting from new york to london faster than it takes to get from new york to philadelphia. In less than an hour and more than twice as fast as the conco concord. Airbus has looked at building a jet. And using two tour bow jets to take off vertically. It can seat 20 passengers, were not sure of the cost. 10 Million People have downloaded angry birds two where you use a slingshot to firebirds at pigs . Thats what it is. And theres part of this that is ruffling feathers already. So players who run out of lives must wait a half hour or pay 99 cents for more lives. Ashley thats outrageous. It is, and the original game costs 99 cents upfront, but they had unlimited chances. And a fancy breakfast in australia, mickey ds is looking at a menu, waffles, some kind of crikey. Ashley and i are laughing because we know australia. Australia does not have a reputation for fine food, it does not. Theres good food there now. Ashley now its great, fresh food now, lots of fish and fresh fruits. Stuart but english food and australian food doesnt have a reputation. Mcdonalds is considered gourmet in australia. [laughter] before we say ap get out the price of oil, please, 45. 70 per barrel right now, thats good news for drivers. I got that. Because the price of gas has come down, but how about frackers . Can you make money fracking for oil underground at 45 a barrel . Chris is the ceo of brightling energy joining us from dallas. Chris, lets go right to your operation. Youre brightling energy. Do you frack at 45 a barrel or do you shut down because you cant make any money . No, were fracking and were in the permion basin, we talked about this previously on the show. Depends where youre drilling and fracking at in the United States. The challenges in the bakken are the most notable. But west texas we can still make money in the low 40s and mid 30s. Now, again, its based upon what formation youre drilling and how youre completing the well. Were having a well tomorrow and were drilling actively. Some companies are facing hardships and layoffs and bankruptcies. Thanks are not rosie for everybody. Stuart tens of thousands of jobs have been lost in the oil patch because the price of oil is so low. If it goes below 40 a barrel, does the american fracking business apart from yours in the basin, just about shut down . I think it takes a pretty hard hit. If you see a three handle in the price of oil, i think mentally, sentimentally, reality sets in thats going to be a big troublesome number for a lot of companies, especially these companies, stuart, that youve talked about on the show previously. They have a lot of debt and levered up. Those are the guys that face the hardship in jail. If this breaks through, i think that things change dramatically on a very swift amount of time. Thanks for joining us, Important Information on the price of oil. We appreciate you being here. Thanks, stuart. President obamas climate plan will not go through congress. It wont be voted on by we the people. Hes doing it by executive fiat. How does that stand legally and constitutionally . Here comes the judge. We are initiating some of the most aggressive action to start reducing the emission of carbon that produces climate change. Theres a paris conference later this year in which were organizing china and other countries that are big carbon emitters to participate and set targets for reduction of carbon pollution. This allergy season, will you be a sound sleeper, or a mouth breather. Well, put on a breathe right strip and instantly open your nose up to 38 more than allergy medicines alone. So you can breathe and sleep. Shut your mouth and sleep right. Breathe right. Can a a subconscious. Mind . A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Its official, puerto rico defaulted failing to make a payment on bonds due yesterday. Another 5 billion worth of payment this year. Puerto rico has a massive 72 billion debt. The feds say no impact is coming. Little impact here and their Health Care Industry is in real trouble. President obama launching an aggressive new push to curb power plant emissions, calling for a 32 reduction in co 2 emissions by 2030. Hes doing it without congress. If thats the way i think its going to be. However, im going to be straightened out by judge andrew napitano who is here. We dont get a voice in this, bypassing congress in the epa rule. He and the president alone does not have the authority to regulate carbon output into the atmosphere, but the epa does and he, of course, appoints the commissioners to the epa. Now theorically, theyre appointed by the president and each president appoints people who they like, whether its george bush or barack obama. Who hes going to the people who he appointed and say here is the rule i want you to promulgate, congress will never pass this, here is what i want you to do. Does it become law . Well, its published for 30 days, both houses of congress can rescind it by voting to rescind it in 30 days. Thats required in the senate, 60 votes because of the super majority rules of the senate, so the democrats will probably prevail. Stuart so its not a complete going around congress where we, the people, have no vote whatsoever. There is a way of voting, but well probably be defeated if we dont like the rules . And the president s view, im not going to bother to, both houses are controlled by republican so ill go around the legislative process and do it administ administratively. Even if Congress Fails to redo the resolutionings, as was suggested, your friends the lawyers and my friends the judges will try to resolve whether or not the epa has exceeded its statutory authority. Has it regulated more area of Human Behavior than the law authorizes it to regulate it. Stuart the pay to pass it and stop it is through the courts and its not through politics . I dont think that the republicans could get 60 votes in the senate. Couldnt get 60 for planned parenthood yesterday and the democrats have enough support for this type of legislation or this type of behavior. Yet, another example of the president wanting to do something for legacy, rather than through legislation. 20 seconds left. How did they do yesterday on wabc radio. Youd have to ask. The call screen was filled over one word, trump. Stuart thats interesting. Yeah. Stuart the top of the polls as of this morning . Yeah, every side of every judge, time is up, but well see you later in the show. Yes, you got it. Stuart Chris Christie going after Hillary Clinton in a new video all about planned parenthood. We are going to show it to you in a moment. You pay your Car Insurance premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Republican president ial candidate Chris Christie has posted a new video on his website. He wants answers from Hillary Clinton on planned parenthood. Secretary clinton, why dont you answer this question, do you support the causes of planned parenthood in the killing of children in the womb in a way that maximizes their body parts for sale on the open market . All right, thats Chris Christie on the new video. Ashley. Ashley hes responding to Hillary Clinton who says im proud to stand with planned parenthood and christy says thats not the issue, until a moment ago we were talking to judge napitano. In the state of new jersey, abortion is until the moment of birth. And who appoints the panels and when his appointees who have not changed the rules. Ashley hes vulnerable on this issue if someone wants to push back. Stuart check out apple, its going to open around 117 per share. You can call that correction territory because a couple of weeks ago it was 134, i think. Time to buy . Well ask the question and get you an answer, too, in a moment. Do you want to know how hard it can be to breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva respimat does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with Spiriva Respimat. Discuss all medicines you take, even eye drops. If your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain or problems passing urine, stop taking Spiriva Respimat and call your doctor right away. Side effects include sore throat, cough, dry mouth and sinus infection. Nothing can reverse copd. Spiriva helps me breathe better. To learn about Spiriva Respimat slowmoving mist, ask your doctor or visit spirivarespimat. Com now the stock market will open and we see how things go on Tuesday Morning, we will see how things go. The news background, china has stepped in again into its market place, china stocks are down about 30 odd , almost in freefall, setback in with more market support measures, the shanghai index went up 3 overnight so clamping down on shortselling is where they are. I remember other people six years ago. Hold on a second. Greeces stock market, firsttime in five weeks, banks took a huge tumbled, reopened again this morning and thanks to another 30 . Neil that is the most they can serve. 30 is the maximum per day. Stuart we are trading as of right now, actually expecting fairly flat opening. I said that almost every day. We end up with significant moves but we are opening pretty flat down to 7 points, 7 points down, 17589. This is the stock we are going to look at, twitter opening at or very near to and all time low, 29 a share. What do you say . That is the low . 2903 is the new low. Obviously a takeover joining us for discussion of the opening mark, ashley webster, kim force from pitt capital and in chicago, dan. Twitter, a buy opportunity at 29 . I dont think so and here is why. Is the media company. Lets talk about how it delivers media, media needs people and they are not growing so how are they going to grow revenue which comes from advertising, chicken and egg kind of problems so we will stay out of twitter, take over, very interesting but you dont know what they will get paid for it. It could be taken there, not a takeover. Stuart that would be interesting. We dont know whether it will happen but 29 a share on twitter. Any thoughts . Ashley tepid growth for the stock, kind of a suction where it has done that lately but still some analysts say the potential is huge but also a huge potential buyout. Stuart i keep hearing the word huge. Look apple, the biggest of big names. You could argue it is cheap at 117 a share. Buying opportunity at 117 . That is a tough one. It is the momentum stock and once the momentum leaves it lingers in drifts downward so the reason people have left it, and i phone, watched it and make up. Sit this one out. Stuart i tell you why it is down 1, it has been down recently, the apple, iphone has fallen to third place in the smart phone market in china. Samsung, a couple Chinese Companies number one and number 2 battlers number 3 hurting the stock, it is down as we speak and then we move on to face book another bigname, tech stock, 94 a share, deep down on facebook, buying opportunity. I will pass on that one. I am at tech analysts but again we go back to the fundamentals. Is the Company Growing . I dont know. We are going to see in the future but it looks tenuous right now and if you look at other Media Companies it can be 47 times forward earnings. That is really expensive. Stuart last week saying this was going to 100 a share it was so close at one point. That huge run in one day, google is up 50. Amazon is a 50 a day and maybe facebook, bigname tech, here is the one that is primed to go above 100 a share and you put cold water on all of them. I am an optimist, i do like stock dutch theres a lot of men momentum behind them and they scare me. Stuart i am going to move down to the price, disappointing outlook, retail sales are slow, they stopped selling cigarettes, may be that a difference but cbs is down 2 at 110 as we speak. Different story at coach, the company i call democratic luxury. You pay 300 for a handbag and people buying less of them but democratic luxury up 2 a share, profit was better than expected so you have 7 gain on coach. Bring in Nicole Petallides because we have amazon cracking down on prime customers letting other people use their account. I got problems here. Nicole i didnt even realize more people could share the amazon prime account but now amazon is saying no more, you are not doing that anymore, theyre clamping down and only two people can share the amazon prime account and get shipping and all the other things that go with it, instant video, kindle, and the credit card. And a private purchase, nose hair trigger. I dont like to know. This is the thing, full sharing and give it is in household with if you are doing roommates and friends. Stuart hold on a second. If i am an amazon prime member on like to pay these things, is it should to you free and bring it into the office. Stuart to stop doing that. It is perfectly fine as long as you figure out how to pay him. That is part of it. Collections may be tough. Stuart they can tell, amazon can tell how many people use that account . Eased to be okay with four and now is only two. My husband and i each have a brian count. As and give and realize. Stuart people using the account. I have a big family. Something you have to think about is you can share media. Your prime account you can do the movies and that really is causing them a lot of issues, that part, not so much as 0 ordering the you get slightly better deals on shipping and all that stuff. Stuart lets see where it goes from here. Back to the favorite story of the day the price of oil which is cheap and the price of gas which is coming down a penny a gallon a day. We have 46 a barrel for crude oil and the National Average of regular down another penny overnight at 2. 64. We have had some analysts on this program say it is not going to break below 40 a barrel because when you get in the low 40s a lot of producers stop producing. What say you . They do start producing but until that point if iran comes on line and gets 500 barrels going daylight they say, within a month they have some issues here and if the economy doesnt catch significant momentum there will be worries about demand so it could do that. Dont see it happening now but if all things come together whenever somebody says never watch out. Stuart oil, grain and metals, the commodities you guys trade in chicago those commodities have come down to the price levels we have not seen since 2009. Almost a crash in commodities. How does that affect me . Would impact on me or the Global Economy for that matter . Ideally if it were a demand situation i would be worried about it. That should help us. With the price of oil going down with a ham 7, gas was down, as far as commodities, anything you buy out there it should cost how slow it takes to trickle in for helping us as opposed to what happens in the commodity market. Stuart when it is not a signal the World Economy is going down big time. It is a different sector. Stuart look at starbucks, stock is near an alltime high, that was 58, it touched 60 at one point but this news on that company. Cheese Howard Schultz is urged to challenge Hillary Clinton in the race for the democrat nomination. What do you make of this . Ashley democrat enter into donald trump. Someone who is not a political lifeboat and he fits the bill, 62 years old, a childhood, and runs Amazing Company found in 1988 called starbucks. Stuart no one is serious, he has not been any move out. Pretty hard, by all kinds of people in all kinds of parties. Nodding your head vigorously. It makes weird kind of sense. The guy has implemented the policies democrats would like to see because educating barista ups, some online courses. He has lived it so unlike a lifelong politician, businessman. Ashley resonate in a way with voters. I dont know. It shows dissent within the clinton camp more than any other name. I will move on to airbus developing at hypersonic jet that will make the trip from new york to london in one hour. Only 20 people but would have a cruising speed of 3,000 miles an hour. Mach 4. 5 which will concorde can get up to mach 2. We are saying tokyo in 3 hours. Stuart all they did is filed a patent. Check the big board. Still calling it basically flat, we are down 20 points, 17577. Something completely different. The hit show catch in its eleventh season. Two of the stars coming up on the show including the captain. Are people just tuning in to see them go overboard . I shouldnt have asked that question. I will be honest, i personally think you have proved you can do this job. Your worst critic right now is not meet or the old guys or the young guys. Your worst critic is her. Ive smoked a lot and quit a lot, but ended up nowhere. Now i use this. 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Com stuart you could call this fireworks, the voterss first forum, the new republican guys, senator Lindsey Graham brought up the Monica Lewinsky scandal to attack clintonss credibility. In clintons speech, want me to translate that . When bill says i didnt have sex with that woman, he did. When she says high will tell you about bill and his pipeline when i get to the tears and means she wont and when she tells us trust me, you got all the emails you need, we havent even scratched the surface. Stuart that was a reference to Monica Lewinsky, but it was there. Ashley consultants in all their wisdom would say that resonates, bringing back bill and the monica thing, people would cast that now. Cavuto coast to coast when it hillary is the candidate will come up, no way around it. It is out there. Lindsey graham was looking desperate right is there. Ashley he did do a video on it. Stuart we put him on the air. Where are we . This is Tuesday Morning and we are going nowhere on the market, the first 15 minutes of business, down 3 points just below 176. We dont often follow earnings on varney and company but we are going to find out how much money is made last quarter after the closing bell this afternoon. A big summer movie season beat earnings estimates for the past 10 quarters in a row, stock is at an alltime high. Lets see what happened after those numbers later this afternoon. A poor dumb aunt disney . We will find out. Now this is the deadliest catch, the show that goes deep inside the dangers of alaskan king crab fishing. A new crew members this season, her name is amy majors, first female aboard an all male ship and the waters, rough seas, not the only rough thing for amy. Right now removing production. I would like to replace you with someone. Honestly speaking from my perspective, not a big burly dude. Can throw the hook. Amy is here and so is capt. Chief colbern from the deadliest catch. What are you thinking . You actually challenged him . You wanted to get out there. I have been a fisherman my entire life. My grandfather did it, my father does it, it is a family thing. The money can be very good. Why did you want to throw her off of the team. I didnt want to throw her off the team. Cavuto coast to coast when you just said you did. It is an odd dynamic having a female on the boat. The other guys, i felt they were intimidated because stuart i really dont get fat. And all mailboat, fishing for king crab in the alaskan waters, a rough tough kind of place. Why would a rough tough sale the be intimidated by young lady . I dont know. Guys who used to work for me were just guys. More than anything was a little bit of a distraction more than anything. Stuart i will tell you exactly why you kept her on the crow. For ratings. Discovery should thank me because i make my money from fishing, not from tv. Stuart with ratings like you got on the deadliest catch . They signed joy contract that pays you done of money, more than fishing . Not close to fishing. Stuart we are in the tv business and we make money. I do really well. Stuart tell me how well you do. Not as well as you but pretty well. Stuart in a season, forgive me for asking a difficult question, can you make 1 million . I had some seasons where yes. Stuart when you or the boat . Both. I know this is a business joy but i dont like to talk about my business. It is a lucrative job if you own a boat. I own a boat. It is a very highrisk job. I could have a season where i go completely backwards and even though under. Cavuto coast to coast when you know perfectly well the viewers are watching to see if you go overboard. That is what they want. The name of the shelleys deadliest. All in the name. Stuart seafaring lady in the fishing business. I you happy . I am extremely happy. Stuart do they pay you extra because you are on tv . No. The guys and the gals. Stuart how long will you stick with this . Is a longterm thing . A couple years . How long will you do it . Crab fishing . I would definitely do it again next year or the next year, we will see how it goes. I like it. Stuart is doing extremely well for the discovery channel. Thanks for being on the show today. I tried it out of you eventually. Next case, youre smart phone could be getting too smart. Avalanche google walking on technology that predates what you want before u. S. For it. How do you like that . Ashley even if you dont want it. I built my business with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. I earn unlimited 2 cash back on everything i buy for my studio. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Thats huge for my bottom line. Whats in your wallet . You premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Stuart we keep a close check on the price of oil down to 44 yesterday, bouncing back to 462 day. 163 a barrel in june. This leads to a cheaper gas so drivers are happy but difficult for the fracking to make a profit in the mid 40s, 46 a barrel. Share price of sprint, a wireless carrier , adding new customers and keeping the ones they have got, stock down 20 this year but bounced back 5. 5 , 353 on sprint. Appleby and google working on new smart phone technologies that will predict what you want before you know you want it. Social rate our vp, social marketing is here. How does this work . Google and apple are working on monitoring your activity you are doing on your phone or on the web to anticipate your need to before you know they are thereby providing things light calendar items in advance or telling you where the nearest gas station is if youre driving to the airport and need to refill the rental car. Stuart so they studied everywhere i go on the net and synthesized the whole ball of wax and think they can predict what i want next. That is basically it but you tell me, do i want that . Do you want that . Do you think that is a help . This is a whole realm of Artificial Intelligence that is very new a and google is synthesizing all the data you are looking at across the wet. Apple is limited more to what is happening on your iphone and tell you they are not collecting that data. It is a trade off. You will continue to see in the years ahead tradeoff of privacy for perceived value. If i had booked a reservation at a restaurant, might be helpful to automatically have apple create a calendar item that reminds me about the reservation but there are others that would be a little scary, to hide something from apple or your calendars that you dont want people to see. Stuart like it or not here it comes. Look at the share price of amazon. They are cracking down on prime customers who let their friends use their accounts. They are going to limit it to two people using one account. How is this going to work . In the past amazon and even amazon put multiple people, multiple addresses on the prime account get that free shipping, and limited streaming and cracking down on your household so it is the address at which you live and other members of your house will limiting that number as well so clearly trying to crack down on diss, get more people to sign up for the 99 a year amazon prime feed the the one that is the deal, up more people, 99 a year. I am out of time. Thank you very much as usual, appreciate it. The Obama Administration may be intervening in a lawsuit in support, in support of palestinian terrorists. We will work that out for you. Smart tv could be next big thing in your living room but not if they can watch and listen to you at the same time. Watch you and listen to what you are saying. Into our of varney and company is two minutes away. These are the stories at the top of this hour. Its a too familiar headline. Trump surging in the polls again while hillary sinks and the first president ial debate is just two days away. Meanwhile, president obama siding with palestinian terrorists . Can this be . His Administration May fight these to victims. And theres an industrial application. Smart tv could be watching you, listening to your living room conversations, how about that . The second hour of Varney Company is about to begin. Republican president ial candidates holding a forum in New Hampshire. Donald trump was not there. Thats not stopped him leading the latest fox news poll. Look at this. Trump with the biggest lead so far. 26 , jeb bush second, and Wisconsin Governor Scott Walker 9 . Now, the first Republican Debate hosted by fox, thursday evening at 9 p. M. Okay, to the markets. Little movement in stock prices this morning, were up 2 points, thats it. But look at apple. Theres a big name you know. Its the biggest the big names, coming off the highs in the mid 130s some time ago, 115 as of this morning. The news there is that its flipped to third place in the smart phone rankings in china, not good. Twitter hit an alltime low this morning, it was down after just below 29, i think, now its at 29. 40. Is this a possible buyout target . Well have the answer for you. Obama Administration May intervene in a civil lawsuit in which 11 American Families won a potential billion dollar judgments. There were bombings that killed a dozen u. S. Citizens. They went to court sued the palestinian and won a settlement. The white house may intervene in the settlement and looks like theyre siding with the terrorists over our citizens in america. And he lobbied with the citizens in this case. So it isnt so, the president for palestinian leaders . Really is it any surprise given where the administration is going . Why is he doing it . The deal is to prop up the Palestinian Authority which it beginning to treat like a state. Its another name for the plo. Theyre directly responsible for this and this white house doesnt want it to be seen that this Palestinian Authority is not a partner for peace, its a terror group. Stuart because this white house supports the alternative to this, the palestinian leadership, they support hamas the alternative is hamas, right . Well, they support hamas, they support the plo. I was actually meeting with many so senior egyptian officials and they were beside themselves with this Obama Administration, who it is theyre supporting. Feel theyre supporting the Muslim Brotherhood who is hamas. Stuart let me backtrack, a series of bombings and shootings and the palestinian leadership is sued by the american citizens. The american citizens win, a billion dollar judge. With interest and et cetera its a little over a billion actually. Stuart in comes president obama and says, wait a minute, wait a minute, wait a minute, theres something wrong with this issue, we are supporting the palestinians, were not supporting american civilians. Thats what happened . Thats what it looks like right now. The settlement has been held up. Theres a deadline by august 10th in which the administration has to intervene, what were hearing now is that the Justice Department and state departments are going to intervene. Right now theyve tried to attach the money and come in every month and theyre saying were going to put a stop to that right now because it can break the plos bank. Was this an American Court that made this settlement . Absolutely. New york, federal court in new york. And the president proposes so step into a federal Court Situation in new york city and say were not having that . Its a jury trial. Congress passes laws for a reason. The laws were passed because american citizens have to be protected abroad and yes, it looks like the america may be siding with the americans. They may step into it. I didnt know that either. And step into a jury awarded verdict just like that. Whats the likelihood of them getting the money even though the president didnt step in. There will be appeals and theyve won this. Theyve been going for years. The victims are going to win. Its a jury trial. It was a jury trial. In previous programs youve commented on the iran nuke deal. We know you dont like it. No. Stuart i think its a done deal. It sounds like a done deal. The latest polls show that americans in general are 21 against the deal as of this mornings poll, which is the good news. The questionment will congress be able to push back against the president. And means the democrats push back. Stuart where does senator schumer stand on this. He should be leading the charge. The fact that they struggle to get schumer on board, is a failure. He and others claiming to be the protectors of the u. S. Israel relationship should be leading the charge as opposed to siding with their party no matter what. The ayatollah khomeini, the supreme leader, he has a new book how to wipe out israel. We just made a nuke deal with iran. You cant be happy about this. No, not at all. And the people try it make this about israel. I want to see this as american. The iranians have the 2000 kilometer missiles. Which means they have israel. And then europe. Thats not just the eastern seaboard, thats not just its cleveland and st. Louis. It gives them the bomb. Stuart and how can the administration sell this deal with what the ayatollah just said. How can they sell this deal to americas Jewish Community . They cant, its politics, politics, politics, all about the party. Stuart theyve sold is, American Jews are probably not going to vote against this in overwhelming numbers. The bottom line, the american Jewish Community, it cant be the center. Im also an american, theyre looking for missiles not just for israel and not just new york where i live, but looking for half of the United States of america. This is an American Issue and kerry warned the jews if you oppose this and it goes down, israel will be blamed and the jews will be blamed, thats very frightening. Stuart awful. Jeff, thank you for joining us, always appreciate it, sir. Take a look at the price of gas, please. We cover this story, very, very closely, not very many other people do, by the way. Were down nine days in a row to a National Average of 2. 64 per gallon. The price of oil is actually up this morning. Back to the 46 per barrel level. Now, jeff flock, hes at the cme in chicago, jeff, for a moment. I want to talk other commodities like copper, for example. Because all commodities are way, way, way down. Copper is down as well today . Yeah, you think oil is bad. That was a sixmonth low yesterday. Copper yesterday hit a six and a half year low. Take a look at the numbers on copper. And this is, you know, one trader down here who you know today, called this falling knives. And even though copper rebounded along with oil a little bit today. He says thats what traders are catching today is a falling knife on both of those very important industrial commodities. Now, jeff, we dont cover in any detail the ups and downs of Commodity Prices, and most of our viewers do not. Theyre not commodity traders, but when we see prices, im not going to say collapse, but come all the way down to the levels of 2009, somethings going on. Now, what are the traders saying . Its a broader statement. A broader statement about what . What is it telling us . About the World Economy. I think its partly a commentary on china. Both oil and copper there as well. Aluminum is an important industrial metal. We dont cover a lot. A six and a half year low as well. It says a lot about what traders think about where the World Economy is going, at least in the shortterm. Thanks, indeed. The commodity collapse. Strong word, but ive got to use it. Thanks. Lets get to president obamas crusade against coal. He wants to cut Carbon Emissions by a third by 2030. Force utilities to produce nearly one third of power by renewables by 2030. This is going to kill a lot of jobs in your district, isnt it . Can you give me a number . Yeah, well, pennsylvania, theres 40,000 jobs that are coal related so its a huge, huge implication on the jobs here. More than anything else, were looking at a president who is hard working American Families and soft on National Security in iran. Theres something thats dramatically upside down. We need to have people start to speak out and speak out clearly against the policies. So, thats very alarming right now, very stunning how silent the general population has been. Can he achieve these goals specifically . Cuts Carbon Emissions by one third by 2030 and make utilities produce electricity, 28 of electricity using renewables . Those are two goals, right in the center of the president s plan. Do you think theyre achievable . Well, i think the saving grass, they can tell him to go and if we were to reach zero emissions, by 2100 reduced the temperature by less than 1 4 of 1 . So the question becomes, why, mr. President . Why are you doing this to hardworking americans . Why are you making it almost impossible for families . Middle American Families and lower income American Families to get by. Raising the energy costs affects every one of us dramatically. Why attack fossil fuels this way and thats the church that he worships at. Congressman, will you repeat that . I think you said if we stopped all emissions in america, no co 2 is getting out of there at all, zero in america. By the end of the century were still only cut the world, the global temperature by what, 1 4 of 1 degree . 1 4 of 1 degree. So that would be like somebody walking from one side of the street to the other and not noticing any change at all in a drop in temperature. Its absolutely absurd. Its a mission that these folks are on and what i think, stuart. Thank you for what youre doing. America has got to wake up to whats happening. We cant continue to sit back and allow politicians that are hard working for American Families, i want to talk to the moms out there raising children, dads raising children and whats going to happen to our economy. This will dramatically affect our ability to rebound. Were going to affect our economy and it makes it vulnerable when it comes to National Security. These are important issues and they have to be met head on. As i said earlier, the governors can tell me to pond salt. This is not a democrat or a republican issue, this is an American Issue and weve got to wake up now while we can change things. Its a dramatic time for us, its not an option. Weve got to fight it every single day and every way possible. Stuart congressman mike kelly makes the point. New for joining us. Stuart, thanks for having me on. Stuart sure thing. To the wildfires in california. Lauren simonetti has the details in case you missed it. The wildfire crisis is there at the moment. The fire swelling to nearly 100 square miles and even jumping a highway at one point and that highway has served as a containment line. Thousands of people in the area have been out to evaluate their home and at least two dozen of the homes have been destroyed. And some news for you. Airbus is looking to get into high speed air travel. And the jet maker getting patent approved from new york to london in just an hour. According to the filing, the plane could fly at speeds upwards of 3,000 miles per hour. Much faster than the concorde which took more than three hours to get across the atlantic. Stuart how about that . Ill believe it when i see it. And what it feels like on our stomachs. Stuart ladies and gentlemen, tune in at 5 p. M. , lauren, sandra, nicole bright and early, great show, youve got to watch. Thank you. Stuart millennials facing a will you have road, high debt, low paying jobs. And one person says quit complaining, buck it up. And smart tvs, the wave of the future for your living room. Can you watch the word is that the tv can watch you and listen to your conversations. [laughter] some lawmakers want to ban them. Im not sure which side im on. Well have the story in a moment. Usaa makes me feel like im a car buying expert in no time at all. There was no stress. It was in and out. If i buy a car through usaa, i know im getting a fair price. We realized, okay, this not only could be convenient, we could save a lot of money. I was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. And it was just easy. Usaa, they just really make sure that youre well taken care of. Usaa car buying service. Powered by truecar. Online and on the usaa app. Stuart almost an hour into the trading session, go nowhere, up 7 points, thats it. Look at oil, bouncing back from the big drops recentliment recently. We keep a close eye on oil because we want to know how low gas is going to go. We keep a close eye on coach as well. Its had a huge setback in the past year. Down to 30 a share. Bouncing back just a fraction today at 31. 13. Apple, biggest of all big names. Yes, it is down to 114 per share as of this morning. Thats in part because its now in third place. The iphone is in third place in the smart phone market in china. Thats not good news. The question is, time to jump back in again into apple . Buy it while its cheap. Charles payne has the view on that in just a couple of minutes on this program. More news out of china. Its stepping in again to support its stock market. Cracking down on whats called short selling. That means you buy a stock with the intention because you think the thing is going down. Okay . Well, they stopped it. They unveiled those rules today, banning short selling. It did succeed briefly in getting the market there back up just a little. To puerto rico, its officially in default on its debt. The island repaid only 600,000 dollars of a 58 million payment yesterday. Its a worry for investors here because many Municipal Bond funds own san juan puerto ricos debt. We go live. Theres a move in california to ban smart tvs, because they could be by you. Elizabeth macdonald tell me about it. Earlier in the year, samsung created a curfufl on the tv, it you say hi tv, it has commands and sends it to third parties, possibly advertisers. Stuart yikes. Now, california is moving to ban those from the state of california and weve got breaking news for you, samsung coming back and saying, yes, we will support californias commitment to Consumer Privacy and we look forward to legislators on the issue and that coming to me in an email from samsung. Stuart what was the book, 1984 when every room in every house had a screen that could look at you and yeah, its creepy because now, vizio, which is a flat screen tv, theyre moving to 172 ipo. In the detailed sec disclosure they reveal that they, too, collect what you watch. What streaming you watch, what apps you use and tvs. And here is thats not a problem. Let me tell you what the wave of the future is, during the super bowl, david beckham, undergarment ad. Samsung tested a thing that you could buy that during the super bowl via your remote. So thats what theyre going to do. Popup ads. If you go on home shopping, they will start pushing things youre buying on your couch. Im not scared, 1984 to me. I dont want my information, what im watching is given to somebody i dont know who is guaranteeing my privacy about it. Ashley i say dont buy the t vchv liz theyre in the tvs. They could be littered with popup ads. Stuart anything you put on the internet, somebody else knows what youre doing, thats the way it is liz its a multibillion dollar industry right now. Big time democrat says hes worried about millennials, here is a quote from his piece in the new york times, quote, the most educated generation on history is on track to becoming less prosperous, at least financially. And theyre faced with a slow economy, stagnant wages and to maintain a reasonable lifetime and to save for the futures. Millennials are in trouble and a millennial has this to say in response. I think a lot of young people want to hear the message, how can we be successful again because so many are living in their parents basements staring at faded obama posters, am i better than years ago . I dont have a good paying job and im living at home. Most young people dont want to do that. They want to be independent. Stuart joining us an is millennial, charlie kirk, hes joining us now. You disagree with ashley. I think your point is, youre telling millennials, people like you, suck it up. Quick whining. Thats what youre saying, isnt it . In some way, yeah. You know, i think do Millennials Want to be successful . Yes. I dont necessarily think they want to make the sacrifices all the time to be successful. Ashton kutcher famously said last year in front of a teenage audience, i never met a job i was better than. And if you ask your viewers, is that the mentality that young people are bringing to the workplace . I dont think so. If we ignore it and say theres a lack of opportunity. Yes, of course it is, its awful for young people and College Loans through the roof, but i think theres an entitlement mentality. If we dont attack it headon, well have mediocrity, young people graduate with degrees that dont matter and enter the work force expecting a sixfigure job. Its not realistic. Stuart charlie, i think were being set up for the forgiveness of student debt. I think were set up by a leftist idea, forgive the debt. Vote for me, forgive the debt. Do you think were going in that direction . Stuart, youre 100 correct and i would go a step further. Its a diabolical scheme the last 30 years to get young people into debt. 93 of all Student Loans are given out by the federal government. This is now is government controlled industry of Student Loans and theyre incentivizing young people to take on bad debt and saying, hey, hey, were promising forgiveness, i want your vote. I think its a politically manufactured scheme, the left are the best at, and what better segment of the population than young people who are ideaistic. And Hillary Clinton is going to run down the middle and might have success on that message. Stuart there you have it, president charlie kirk in the year 2040something or other. Thank you, mr. President. Well vote for you, charlie. [laughter] charlie, kirk, thanks very much. Coming up, Companies Like uber, air bnb only a few insiders get to make money out of it, invest in it. Were left out and i dont like it. More on that after this. You stay private. You keep the small investor out. Unfortunately the individual investor who is left out. Millions of people have set kids to College Thanks to the likes of apple, google, amazon, people would like to get into air bnp to share in the games of a economy. Looks like they are left in the cold to do that. The ustrating urinary symptoms of bph, like needing to go frequently, day or night. Ustrating urinary symptoms tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use. Insurance coverage has expanded nationally and you may now be covered. Contact your health plan for the latest information. Trend to will you look at that. This is a terrifying scene from the netherlands. Two cranes going down, collapsing while trying to restore a bridge that came down in a row of houses completely crushing the houses. You can see those trains come down. Dozens of people have been taking to the hospital. A story in progress. Check the big board please. Of 26 points as we speak to the present oil holding for 6 per barrel after the big plunge in the last couple of days back up to 596. John dear bree 1700 track yours. Offering free repairs, no impact whatsoever. You have heard of uber, the app that lets you have a car right from your phone, wildly popular worth 51 billion. Air bnp where you can write your own home or apartment to complete strangers. They pay you rent for 25 billion. You and i cannot invest in the uber or air bnp. I dont like that. I want to base my future investments on a growth industry. I want him but i cant get in. Im not happy. You have a right not to be happy. Stuart i have the right to life, liberty and pursuit of happiness. This is Silicon Valley. Over the last two years Silicon Valley maxing out the ultimate. Insiders keep the money. Outsiders like you and i cant get added until the money has been made. Charles they take it a step further in abuse the people that use their product because self. But the stock when they can. Lets say they go public at 60 billion. The firstrate theyll be at 90 billion company and you and i can buy it. All of the small investors who dont have a shot. We understand how the system works. Right now uber has 10 rounds of funding from the airbnb has 15 rounds of funding. I told people to buy. They only have three rounds of funding debris 66 million. They gave users the chance to make money. The other guys the public love a tough time making money. Stuart uber and airbnb should be public right now. They are up all the value. Theyll dump on the american public. What does this say about it for a Capital Market if they dont go public because of the sarbanesoxley. The commissioner generated a lot of regulatory baggage. I am angry at uber and i am angry at airbnb because i cant get an ear i wouldnt go public. There is a thing called the jobs act. The Worst Companies since the crash because of the jobs that. Charles there is no diligence process. Air bnp airbnb and uber are up all the wealth for the insiders. It is the same people making the money. We have a right to be upset, particularly as users of the product. They should try to formulate ways from a public regulations point of view. By some of the stock. Your uber driver will uber driver will allow you to own the stock. I dont know why they dont share the sharing economy. Netflix is an alltime high. They are 5, nearly 5 . 117 on netflix is the alltime high. Uber is bigger than netflix. Stuart 51 billion . Uber is bigger than netflix. We still cant get in. When they say you can get in, be careful. Stuart netflix is launching a streaming service in japan. Is that the lorry . That is why the uber box. Coming out in september. Now look at apple charge. 114 a share down from 132, 133. Time to buy yes or no. Charles traders may wait if youre trying to pinpoint the exact moment. Jpmorgan chase has 124 price point target. Stuart dont miss making money with charles payne. 6 00 p. M. Eastern. Charles i will tell people what to buy so they are head of the curve on the buyer list on tran driverless car. Liz that is the dumbest idea in the galaxy. Charles tell her how good it feels when you dont have to do the driving. Stuart it is fun sitting in the back. May i move on . There is the promo. Lets go to president obama. The man has had a very good year or at least a couple good month. The trade deal past with iran, obama kerry saved to the Supreme Court. Marriage upheld in the Supreme Court. The great climate pushes on and is going to win this one. Monica crowley is here. I just read your entire day. Is it not true . Is absolutely true. Hes had a very good year. The key Domestic Legislation now moving on all of these other friends. This is the big question going in question going into 2016. I fairly given up on the congressional leadership to push back. They havent shown a lot of the will to do that. I am looking towards the republican president ial candidates to layout markers that would reverse it because every single one of the things you laid out with the exception of gay marriage needs to be rolled back, unraveled root and branch. If they commit that theyve got a problem. Stuart so disappointed. November 2014 republicans swept congress at the landslide victory. Absolutely nothing has changed. I cant think of a single item of legislation or rulemaking or anything else that has gone the conservative way. Because they havent fought for it. If you are a republican in congress thats one of the reasons why. Donald trumps catchphrases you are fired. That is actually the subtext of what he is saying now and everything he says and does. Its your fire to the establishment, you are fired to their political cause because they have let us down as well. Stuart are you supporting trump . I havent endorsed anything yet. Ill take any of them over Hillary Clinton or Bernie Sanders. I have some favorite and it will be interesting to see how they interact. I like him personally very much. I think he would be a fantastic president actually. The question is whether he can get it from here to character in the primary season and general election. Stuart its a good question. Monica, come back soon. Time for the sector report. I cant believe it. Lets watch this. Lets look really quick. 121 with a lot of question marks about how much its going to cost. Espn, abc network doing well, also looking at the theme park. Everybodys been going to the theme park for the summer. If you look at the charter to my side, it goes up enough. The question mark is after tonight, do you sell shares of disney . You are not going to say this, but the truth is only time will tell. A robot that helps people walk again. Sounds like science fiction. It is a reality. One of those companies is here with their newest technology. It is right here in the studio. Watch out. We live in a world of mobile technology, but it is not the device that is mobile, it is you. Yup, were constantly making thinkorswim better. Here at Td Ameritrade, theyre always working. Like a custom screener on your desktop, that updates to all your devices. And you can share it with one click. Wow. How do you find the time to do all this . Easy. We combined every birthday and holiday into one celebration. different holidays being shouted back to work, guys i love this times of year. For all the confidence you need. Td ameritrade. You got this. The Dow Jones Industrial average backandforth over that. Right now the Dow Jones Industrial average slightly lower with the s p 500 up half of one point. This shows you the action with that movers included in microsoft up 1. 5 . Chevron up at apple and Procter Gamble at apple in correction mode. After this year back in february. More than 10 after ties. How about disney hitting a high and reporting after the belt. Right now up one third of 1 . Casinos. Domestically offset the weakness they are seen. And its up about 5 . Watch spn a. M. Fbn am. Stuart look at this. Netflix making the move. 118 a share. Why is it up . They could have introduced remained the service to japan this september. Big news, up goes the stock. Now theyve got something really cool for you. Xo bionics of a company that designs and develops robotic exoskeleton spirit the military and industrial marketplace. The ceo Nathan Hardin is with us right here. Welcome back to the program. You have these exoskeleton that support a human being. Youve got some videotape to show the industrial application of these exoskeleton. Roll that tape, please. I want to hear you describe it for us. This can lead to enormous amounts of weight . It helps them hold heavy tolls at shoulder height or above for extended periods of time. If you ever do anything overhead, holding your arms above your head for a while makes you tired. Stuart we are looking at your product in action. That is the military version. Stuart into something that wraps around the human body. Essentially take a robot and wrap it around a person and that is what we call human exoskeleton, a machine that helps a person do something. Stuart its got military and industrial applications. Billy woods is with us. You cannot walk without your exoskeleton. Would you stand up for us and walk within exoskeleton . This may take time to stand up and walk, but go ahead, billy. The Computing Power comes on. So this is the unit being used at the end of last quarter we were in 90 Different Centers around the world. You can go into your rehabilitation on it after a stroke or spinal cord injury as in billys case and it can get just about anyone out there. Stuart you could not walk without this. You would be in the oldfashioned wheelchair without this. Can you walk now . Here we go. Stuart the Computing Power is helping you move your legs and your whole body. Yes, it is. It also helps adducing censors all of the machine to decide when he wants to take the next step and then it takes it for him. That is part of our ip portfolio. Weve got the broadest ip portfolio the business. 52 of our tibetan issue. Stuart i have to tell you that its heartwarming to see that. Its fantastic. It is changed my life dramatically in the last two years. Stuart you are improving this all the time. What you see right now is the old cell phone that was this big. You have to have a cable on your ways. That is where it is at right now. We have an exciting six to 12 month coming. Weve got this industrial exoskeleton unit that will be announcing a partnership and other things as well. Stuart this is really good stuff. You could not walk. You could not get out of the chair of the old days before this came along. That is correct, sir. Stuart what am i cheering . The device moving, changing movement. Stuart does billy made a handler like you all the time . He does. Eventually presumably you wouldnt even know if you summon his paralyzed or using it to get more strength. How far away realistically five to 10 years. Stuart thats good and thanks for joining us. Great stuff. In desperation, billy. Thank you. Stuart a matching theme does out the plane window. The fourstory sandstorm that engulfed an airport in jordan. Whos got the full story there. Teaco doesnt pay its bills. What does that mean for us . Im only in my 60s. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i looked at my options. 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We love to travel and theres so much more to see. So we found a plan that can travel with us. Anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Remember, all Medicare Supplement insurance plans help cover what medicare doesnt pay. And could save you in outofpocket medical costs. Call now to request your free decision guide. And learn more about the kinds of plans that will be here for you now and down the road. I have a lifetime of experience. So i know how important that is. Stuart amazing video of a sandstone in jordan. This happened in the capital city of oman. The sandstorm engulfing planes in one minute, causing near blackout positions across the entire city. Airport Officials Say it only caused delays of about 20 minutes. Impressive nonetheless. A financial storm in puerto rico defaulted on its debt to the first time in history. Adam shapiro joins us live from san juan. What does this mean for us . Reporter for average investors its a waiting game. According to a respect of lawyer, an expert in federal tort law as well as commonwealth law says the government of puerto rico is misleading, essentially lying to investors in its own people when he says he cannot pay back instead. Heres what it told me. They raise money. The problem is the government decided to keep employees in the government cannot fire anybody so they can be reelected. Reporter the government is waiting for the lawsuit. Now that theyve defaulted on the 50 million bond payment that critics say is the first of several strategic defaults. First of all expected to be filed under this week. Actually, back to you. Covering every step of the way. More Varney Company just two minutes away. Howard schultz runs starbucks. Why is there all of this talk about him running for president . John kerry is secretary of state. Why is his name popping up again now . He lost the president ial election but george bush in 2004. And joe biden, well he just won 13 of the vote in a new poll even though he has not declared for the presidency. What is going on . It seems like suddenly the floodgates have been open to any and all comers. Deep trouble for Hillary Clinton, thats whats going on. Among democrats theres a realization that her campaign is flowndering that her nomination is not setting common crete are. A moment the politician looks vulnerable competition moving in and Hillary Clinton is vulnerable shows her losing ten points worth of support in a month. I think shes losing ground for the same reason that donald trump is gaining ground. People are tired of same old same old. Nothing gets done and same faces and names appear year after year. Clinton name may be as big a negative as bush. Of course, it doesnt help that hillary has an email problem. A 600 haircut problem, and a all time millionaire image problem and serious problem when it comes to meeting and greeting regular people. Her campaign is close to panic mode. A fellow democrat, see that, they have a wounded queen on their hands as Washington Post calls her, they have already lost congress, they dont want to lose the white house as a well. Thats why all of these names are surfacing. It is hillarys camp cannot turn things around, democrats bench may be as crowded as a the republicans. We will get a far left democrat take on hillary struggling campaign and whether floodgates are indeed about to open. Dennis on this program, haha. Check the price of oil. It is still cheap, way under 50 a barrel were in the mitd 40 per barrel price range at the moment. We bring you this story simply because cheaper oil equals cheaper gas and gas is down another penny overnight. 2. 64 is your National Average for a gallon of regular, that is nine days in a row that oil as im sorry, gas has just kept on going down. Now look at this. The cheap test gas in america where do you think it is, a tie 1. 96 at the costco and another station in athens, tennessee. One dollar, and 96 cents couple of gas station right there. Come on in. Raymond james energy analyst, im sorry butchered your name marchanof. Thats right. Thank you very much. [laughter] you see a price target for oillet over the end of this year. What, 50 55 a barrel. Is that what youre coming from . For wti and then brent is 5 north of that. So you know, oil looks a little oversold right now. Weve seen tremendous pressure over the last four weeks. Some of that is fundamental. We know that saudi arabia is pumping all out. We know that Iranian Nuclear deal means that there will eventually be an a increase in irans oil exports. But some of it seems a little more psychological. You know, for example, these chinese stock market headlines dont mean negative for chinese oil demand. In and of themselves but they are pressuring prices. So bottom line to me and our viewers is, youre talking cheap oil as far as the eye can see. You know, earlier this year, and late last year, theres all kinds of predictions although ia barrel real fast. We heard all of that. But now youre saying no. It is cheap oil. 50, 55 dollars barrel as far as the eye can see into next year thats a big deal. I wouldnt with say sphargs the eye can see into early 2016. Now eventually prices will have to recover. Not to 100 to be clear but maybe something in the 70, 75 range. Because right now theres so much austerity in the Global Industry that eventually supply is going to fall. That is, this is the law of the supply and demand at work. Eventually prices will have to support a better more sustainable level of investment in drilling new well withing, developing new projects. Bottom line for us is chemooil means cheap gas. We all use gas. We just love it. So when we hear you say that 50, 55 a barrel into next year was standing up and cheering because that means enjoy is while it last. Enjoy while it last. We appreciate you being with us today. Thank you, sir. I want to go to jeff flock hes in chicago at the cme not just oil that has come all of the way down. Whats he looking at . All kinds of commodities. Looking at the board. Copper, drain, oil. You were talking you were talking oil was rallying and then coming back down. Got a problem here. Commodities across the board have come all the way down. What does that tell us about the Global Economy . Not just oil. You are absolutely right not just oil we trade agricultural comomties commodities you take a look at corn that is almost the sixyear low as well, and other factors on that. Weve produced a lot of corn in this country. But i teat tell you demand isnt there as well. I leave you also with aluminum another six and a half year low. Demand is not there and talking to traders here they say largely it is china but not just china but a concern about the whole world situation. Not looking for inflation with Commodity Prices look that. Not going to be there. Jeff flock in chicago for the rest of the day. Lucky guy check the big board down 10 points thats what we have. 17587 heres the story of the day, it is emerging netflix new all time high up she goes 116 on netflix had been 118 a few minute ago. Introduce steaming services to japan in september. Up goes the stock. Look at apple it is down again right now were asking is it time to buy . Charles payne and i in the last hour said if youre buying to hold get back in. If youre a trader you might want to wait. Another opinion later this hour on apple now app 114. Back to politics, latest fox news poll Shows Hillary at 51 support among democrats. That by the way is a new low. Bernie sanders moving up to a 22 share and joe biden who is not said whether hes running or not hasnt formed any committee whatsoever. He polls 13 as of right now. Joining us now dennis from congressman, ohio, a democrat. Congressman welcome back. Always good to see you dennis. I think youre not a hillary fan, are you . Well, im not involved in the prierms at this point. But i do think but when you look at criticism Hillary Clinton has inflicted upon her and still at 51 with a 29 point lead over one candidate and 38 lead over a noncandidate, im sorry. But i dont see that shes look youre on the left. Far left. You get word about the clinton to patriot act that makes me far left no mainstream im telling you that secretary clinton is not yet in a position where she is fading as the leader. Report level is coming down. Other o people are talked about as to getting into this race. Starbucks ceo, john kerry, this talk. I mean, joe biden a lot of talk there. Bernie sanders is moving up. That doesnt amount to a whole hill of trouble for Hillary Clinton, you dont think . I dont think so yet. Let me just say joe biden very formidable probably the most experienced people in u. S. Politics. We might have some differences on issues, but joe biden is very solid. Bernie sand rs is moving up, thats true. But you have to look at the fact that here we are in august, and despite all of the criticism and all of the hits that shes taken secretary clinton still has looking at the trend dennis. You have 61 support a month ago in the same poll now got 51 shes losing ground. You like Bernie Sanders dont you . Bernie is good friend of mine. I know all of a these candidates people ive known 30, 40 years some of them. How do you feel him saying that he wouldnt have a problem with a 90 tax rate on wealthy people, what do you think . Well im for cutting taxes, but i want to change u. S. Monetary policy to do it potential youre for cutting taxes . Absolutely. You need to top rate of individual tax, the federal level . You want to do that . Im telling you American People are paying too much in taxes a that is not what i asked. Not whey asked. Top rated tax on high income earners of the federal level goes about 43 . You want to cutback . I want to cut taxes for every american. You want to cut the 43 top rate . I will you know if it was up to me, i would cut taxes across the board and change u. S. Monetary policy, put the fed, Federal Reserve under treasury, and go back to what america was before the Federal Reserve act of 1913. Well, thats along way to go back. All right denver nice thank you very much for joining us we appreciate you being with us. Thank you. All right. Heres a headline for you. Connecticut is the worst state to die in in the country. Sarah is here. I guess the real positive story on this story. Yeah were all going to die. But dont do it in connecticut. Because of higher state taxes. These multiMillion Dollars estates that question see, obviously, in connecticut. Officials are warning that theyre looking at places that theyre about to send out. They could be up to 100,000 or o up to a million used to be 12 grand to the state. I dont understand this. State tax is a rate on what you leave to your errs. What is the estate tax rate in connecticut . Right now, it is jumped by half percent of the value of the estate half a percent. So no matter what estate i leave i pay half percent to the state. Thats not exactly huge. [inaudible] if you look at the estates, though, thats where it actually jumps higher. You mean theres a threshold and then you start paying taxes. Then you start getting taxes higher. It goes up. But in particular half percent. Half percent is standard rate but estate jump higher afterwards. Once they go up to a maximum in the millions. I have to look. No the maximum rate. The rate the Percentage Rate it could go up to as high as 20 . Now youre talking. Thats the point. Thats the point [laughter] if you have 20 on topfelt federal rate which is what 50 on big estates. Taking 70 off their tax. Trying to get past the multil pl price tag took a three day vacation. Smart phone can predict what you want before you ask for it. You would want them to do that . But the president s climate plan, hailed by the lefty media. We have a reality check for you on that, next. He as the president alone does not have the authority to regulate carbon output into the atmosphere. But the epa does, and oh, of course, appoints commissioners to the epa. Now theoretically, theoretically, it is an independent Administrative Agency made up of experts anded a administering technical areas of the law but real world is they are political people. Look at apple, the stock is way down today. Why . Well in part it is because iphone sales in china are lagging. The iphones are now in third place in the smart phone market in china samsung is 4. Chinese makers one and two. Apple number three. Down goes stock. Apple and google racing to see what you want before you know you want it . [laughter] jo ling kent is here to explain. Explain. Well with theres two things you have to know. Apple is going to take all a of the information that you use on your handy dandy iphone and help inform what is called a proactive assistant someone who will say i see youre in this area. You might want to go to this restaurant and google now, and theyre not only going to mime the information on your androids phone but also look at your Google Search history and youtube view it is that is where they predict maybe what you would like to do. How will the prediction arrive at me . In the form of notifications, suggestions, through the various different apps on your phone. Advertising driven . Well google o. C. Apple says it will protect privacy and they wont sell this information theyre gatt ring about you they said at the worldwide developer conference but google is selling information takes data, with sells it to third party clients. Could be most fun fortunate for people this could be real bad. Lets suppose youve been looking at a lot of pornography for heavens sake do you suddenly get a suggestion hit you in the face with look at this one . It is hard to say. [laughter] coming out this fall. There will be a way to turn off the notification but gathering of information may not stop because its your phone and never stop gathering information but stop the notification im a happy guy. There you have it. Thank you very much indeed. Thank you. Lets get the president s new rule on cor ban emissions first off a listen to fox news contradictor charles on it. Roll tape. 5 of the worlds carbon is going to produce by a third. Were talking about one and a half percent reduction in the worlds production of carbon over 15 years. That is one tenth of one percent every year meaning one in one thousand and a have zero effect on the climate. All right. Zero effect on the climate. Charles, come on in from the Manhattan Institute robert brice. You just heard charles, disaster zero effect on the climate you say that is your area of expertise do you agree . Might be above zero stuart we dont know for certain. What we know already and i think is an important point lost amid all of this discussion about economic gains that the Obama Administration and ep are claiming, look whats happening in the coal sector but if you look at in january of 2011 arch coal selling for 35 i checked yesterday trading at 19 cents been listed it from the new York Stocks Exchange pea body sell for 62 today that is selling for a buck and change. I looked at the top five coal producers in the u. S. So pea body arch, alpha and cloud peek you can buy all of the stock, entire business top five coal producers in the u. S. For about four and a half billion dollars. Compare that to just the second largest natural gas producer in the u. S. , chester peek energy their market cap is 4. 6 billion. A really reality check on what were supposed to be a lot of gains is that coal coal sector has been just crushed. Kilted. Now the president says that power companies, power plants they must create make 28 of their electricity from renewables. I guess thats solar and wind by the year 2030 almost by about a third of electricity generated from renewables 15 years from now. Is that possible . Well, sure, of course, it is possible stuart. But what i think is interesting about what the Obama Administration is doing, is really following the california model, and if you look at whats happening in california whats they have the highest rates in the contiguous u. S. West of new york. Weve seen Energy Poverty rates increase in california by calling it manhattan. Jonathan lesser said over a million howfltd it households in California Living in Energy Poverty in some inland counties in california those rates are at 15 of all of the households in a given county. So what i see happening truly here is regreesive on middle and tax on the poor. Manhattan Institute Thanks for being with us. Robert thanks. Puerto rico defaults on its debt. What does that mean for real estate . Over there in puerto rico, any deals . Weve got a story for you. Plus, president obama siding with palestinian terrorists, his administration might fight a huge Terrorism Organization the president might fight that. The judge on that, later this hour. Get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swifts music videos, interviews, and more. Xfinity is the destination for all things taylor swift. Puerto rico in dier financial trouble just defaulted on a 58 Million Dollar local payment and we hear home prices are dropping. Come on in, cheryl what do i get for let me pick a number. 600,000. I actually got you a little bit of a better deal than what you requested from me this morning. You wanted 600 if i found a great property for 550 near the airport in san juan puerto rico, it is a 6 bedroom four bath, 32 square foot homing and a it is near the airport. And in san juan, and it was built in 1960. But a couple of things with a three car garage all outdoors built in 1960 Single Family home, the price per square foot comes to about 167 or so, and it has been listed only been on the market about three months. But to your point, it may start to go down like other properties there. For americans. The fence that got me worried who are you keeping out . It is a good neighborhood. In a good neighborhood in san juan. 6 down as we speak. Taylor swift took on apple and won an now shes talking about it. Details on that coming up. I built my business with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. I earn unlimited 2 cash back on everything i buy for my studio. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Thats huge for my bottom line. Whats in your wallet . Sup jj . Working hard . Here at the Td Ameritrade trader group, they work all the time. Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks, options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. Usaa makes me feel like im a car buying expert in no time at all. There was no stress. It was in and out. If i buy a car through usaa, i know im getting a fair price. We realized, okay, this not only could be convenient, we could save a lot of money. I was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. And it was just easy. Usaa, they just really make sure that youre well taken care of. Usaa car buying service. Powered by truecar. Online and on the usaa app. Can a a subconscious. Mind . A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Two hours into the session, pretty much flat. Down 12. The price of oil holding at around 46 dollars a barrel. It hit to what, 33 i think 32 yesterday. Might be the stock thus far. A new high 118 earlier today. Theyre going to start their streaming Service Going to japan next month. Up 5 bucks, 118 right now. Look at apple, down more than 3 . Now, unrelate to the stock price move today, taylor swift she took on apple she said she wasnt putting her new album on itunes for free. She won. Jo ling kent coming back to us now. Taylor swift talking about all of this. This battle with apple that she won. Whats she saying . Saying that shes surprised about how apple behaved heres the quote on the cover by the way, a great shot she said apple treated me like i was a voice of a Creative Community that they cared about and i found it io ironic that they reacted to criticism with humility and start up with no cash referring to spotify here. Remember last years issue. The startoff with no cash flow reacted to criticism like a corporate machine. So she is calling out spotify after that wall street journal op ed and yanked music from company saying that artists werent being paid fairly so this is her real opinion about how streaming services actually work, and a shes siding on apples side. Apple she says treated her humanely and quickly turned around when she posted that on her tumblr by monday or tuesday bam apple was done the deal. Apple will pay her. Pay all artists for free trial period that theyre in currently right now. She acted as a spokesperson of course she has lots of strong feelings on this. Also on tour selling tickets, albums so a lot of incentive for tai tai so tai tai do we know that . Okay. Stuart say it. All little girls call her tai tai or t swift days away from the fist gop debate is on thursday, on fox, of course. Donaldlooks as strong as ever. 26 for trump. Washington comrm byron york is here with us. Youve got to tack this guy seriously. Havent you . You cant dismiss him any longer, in fact, theres a possibility byron that hekdz win nomination. Is that right . Anything is possible, and you definitely have to take him seriously. First of all trump has led in the last ten national polls. All ten of them in the real politics average of polls so hes touching something in the republican electorate. Fen if you dont like him you have to think what concerns is he addresses among voters that others arent . Hes decisive. They like the fact that hes not a politician. Many leak his stands on issues issues i have a feeling that the establishment in the Republican Party is really very worried about this because trump is going after establishment wing of the party thats where i think hes coming from. They are worried because they thought he would have imploded and collapsed by now. There were predictions when he attacked senator mccain that that was it for him. Going down hill. Byron said that. On this program byron i said that he peaked on friday and made comments about mccain on the weekend and he would trail down on the monday. [laughter] i was so totally wrong, and prepared to at admit it. You can revise and extend your remarks he continuesed to go up and up in the polls. Now, obviously, this debate on fox, on thursday night is a real opportunity for people to see more of trump in a traditional, political context being asked substantive questions by fox moderator and how is he going to respond . It is another chance for him to mess up as it is for other candidates. But its entirely possible that after the debate, e could be talking about trump going still higher. Do you think that after the debate, the field will narrow significantly . Youve got 17 people out there at the moment not all of a them can perform particularly well in the two debates which are actually scheduled. Ive got to believe that there will be some dropout fairly soon, you think . No, i dont actually think that. I think that if youre a candidate especially with the rise of the superpacks if youre a candidate, youve got one or two rich people who are who are interested in keeping you going that you can. I had one activist republican activist in iowa very experienced say if you have money for your gas you can stay in the race until january. So i look for a lot of them to stay in the race if at a very low level. Real fast byron do you think donald trump could win at least one primary . Absolutely, it is possible. Look what, you know, pat buchanan did in New Hampshire several years ago. Ross won 19 of the popular vote in 1992. So if the electorate is unhappy enough, they send a message by supporting somebody who is outside of the establishment system. You know ive been foolish enough to say if donald trump forms third party he wont get the 19 that ross got but ive been wrong before, and im quite prepared to admit that im utterly wrong again. Byron york. Thank you byron. Thank you stuart. Back with you real soon i promise this is a big week for that debate. Boss may intervene in which 11 American Families won a judgment from palestinian leaders. This is all about a series of bombings and shoot technician that killed and wounded a dozen u. S. Citizens. A move if the white house interconvenience an upset fat settlement that will look leak the white house is siding with with terrorists over our own people. Last hour, we spoke to someone who lobbied four of those American Families. Listen to this. Palestinian authority which the world is beginning to treat like a state and america wants to treat like a state is just another name for the terrorist oarings. Theyre responsible for this and the white house, this white house doesnt want to be seen at this Palestinian Authority is not a partner for peace but it is a terror group. We have the background to all of this. Bring it to the foreground with judge Andrew Napolitano. Admitting you were wrong do you have the tape . Mpghts that would be a long tape. A federal Peoples Court i think it was a federal court, said yes. The victims are correct. You can take money off of these palestinian leaders, i like to believe that the president of the United States is not going to beer serene into a federal court jury decision and attorney. Yes you are correct this time and going to attempt to intervene so theres a jury trial. The victims demonstrate the victims survivors demonstrate that their family members were murdered by palestinian police, with and soldiers and agents and murderers actually were rewarded for doing this by the Palestinian Authority. Hence the lawsuit not against the people that pulled trigger but against the people who were rewarded those who pulled trigger. Jury victim of verdict. Before the money can actually be paid state Department Says you cant take this money from palestinian money because youll bankrupt them and a Foreign Affairs is presence and not the court. And guess what . The court will probably let the president do that. No you cant let the president do that in the past, and this is going to upset you even more. Most notorious case is against iran where the administration of president bill clinton interceded and courts let the state department under bill clinton prevent the distribution of tens of millions for those who had been kidnapped and killed by iran relatives kidnapped to kill in the regime. Constitutionally, legally, is that legitimate for the States Department of the president to do this . Well legally it is because the congress has written a statute and a courts have written rules that permit it. A constitutionally in my opinion it is not. None of the federal governments business if the consequence of a lawsuit against a foreign country is that the country goes bankrupt, thats presumably fault of the country that is going bankrupt because of what they and their agents did. Plus it was a federal court and it was a jury decision. Yes. Yes that would overturn a jury decision of federal court. I dont think you should do that. The president is going to say you know, you cant bankrupt the Palestinian Authority. I have to have a country do deal with and they cant borrow money. But they have to afford this despite the crime. And citizens this is in my view, a profound and serious violation of the Due Process Rights of the plaintiff in this case i fully agree with the first issue that you have on earlier but i must tell you, they will probably lose. I dont know if theyll lose forever. There might be a compromise and might accept pennies on the dollar. But theyre not going to get if the government wants to intercede wont get money. Couple of seconds left did the victims of the iranian did they ever get any money . Mpleght they did. Ennys on the dollar. Yeah. What about victims of the lockerbie. Havent been paid yet. Put some money into a fund. But i dont think it was nearly the what would be fair market value. Forget that to phrase for lives was americans that were killed by american standards. Right yet again. Judge Andrew Napolitano always a pleasure to be here. What a great necktie that is. [laughter] in my ear stop talking about the ugly tie. [laughter] president obama yes hes cracked down on coal going to kill it and coal country is ready to fight back. Next, a senator who represents coal country on this program. Three big name tech stocks follow them closely, apple, facebook, twitter beeten down of late. Answer is next. Hi my name is tom. Im raph. My name is anne. Im one of the real live attorneys you can talk to through legalzoom. Dont let unanswered legal questions hold you up, because were here, were here, and weve got your back. Legalzoom. Legal help is here. Will you be a sound sleeper, or a mouth breather. Well, put on a breathe right strip and instantly open your nose up to 38 more than allergy medicines alone. So you can breathe and sleep. Shut your mouth and sleep right. Breathe right. Im Nicole Petallides with your fox business brief as market tries to find some direction, we have a big jobs report on friday. Dow, s p and nasdaq just slightly lower at the moment on the dow, apple is under pressure while microsoft gains. Off this week, though, for the two trading days airline as take a look here united delta, american, all doing well, doing well for the week. And two days up three, four, percent many we talk about effective immediately. Look at this twitter poll question of american we will no longer transport bosser low, elephant leopard lion or or trophies worldwide. Netflix hitting new all time high for netflix certainly bnl the behemoth and just a few offer the bell reports. And of course keep it here sandra smith, Lauren Simonetti and i get you started. Do you want to know how hard it can be to breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva respimat does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with Spiriva Respimat. Discuss all medicines you take, even eye drops. If your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain or problems passing urine, stop taking Spiriva Respimat and call your doctor right away. Side effects include sore throat, cough, dry mouth and sinus infection. Nothing can reverse copd. Spiriva helps me breathe better. To learn about Spiriva Respimat slowmoving mist, ask your doctor or visit spirivarespimat. Com we keep a very, very close eye on the big name tech stock which have been moving recently. Apple, facebook, twitter all of them are down today. Heres the obvious question runup so much recently now theyve come down is it time to buy any or all . Come on in, jason, and jason i want to start with apple. Buy it at what 114 where it is now. What do you say . Absolutely. Thing is as ive said before, with you stuart, apple unless youre a day trader, right if youre an investor you need to looks at apple has 2 billion of cash. Apple most recent quarter was most profitable quarter of all American Company of all time. As far as whether to buy apple at 114 or 110 or 105 listen theres such thing dollar cost averages theres no reason to short it. No reason to sell it. It is a longterm hold. How about facebook . That was a approaching 100 a share last week now down around 93, 94 again time to buy . Absolutely. I mean thing is i will revert facebook to me is literally ultimate gross stock heres why facebook is not just facebook but instagram, facebook is oculus destined to at least go to 100. Twitter down 29 a share. Buy it . Thing is i have a twitter account but i dont use it i dont like twitter it is annoying theres characters and letters it not visually appealing so even from a personal standpoint what i like to bring to my investment series i dont like twitter. Investing in twitter feels like playing lotto it doesnt really feel like it is solid ground. Yes on facebook, and apple and no on twitter. Netflix a new high of 118 would you buy that . Yeah, see thing is netflix is a financial company, and i think over the longterm even if longterm is 24 to 36 months netflix is going to keep going up. Buy it all time high you may want to wait for a pullback. But i think that Netflix Gross story is that the global Netflix Gross store is theres untapped growth around the world that america maybe getting saturated but net thrix will go up because the world wants netflix and they dont have it yet. Deals with things real fast. That is why we like him straight for the answers we love it. Jason thank you very much indeed sir. My pleasure. Now the coal industry they have a deal with the new regulations. On Carbon Emissions from president obama, what can they do to fight these new emission standards . Come on in, senator shelly republican from West Virginia. I know enough about america to know that West Virginia is coal country. Big time coal country. And i know that these new regulars are going to kill the coal industry in your state. Can you fight it . Can you beat this back . Well were absolutely going to fight it. Tomorrow, actually in committee were going to pass a bill that is called arena about that deals we liability gives states option. Make sure we dont move forward until we know that this is actually a legal maneuver by the president. I think thats still way up in the air. So yeah were going to fight hard for these jobs. These are communities. So thats interesting because what youre offering is a congressional way to side track, get around these new regulations from the epa. Pass a bill that is perhaps temporary until the legal situation is sorted out so you can avoid new regulars coming at you immediately. Is that correct . Thats correct. And weve seen already the Supreme Court judge that epa is not taking into consideration the cost and the Economic Impacts around country when they move forward with these regulations. Clean power act is leak number one here in terms was impact it will have. What would be impact can you sphel it out for us . First of all how much is electricity going to go up in your state and how many jobs will your state lose . Electricity will go up 20 in our state which is going to cost individual challenged those in the lower income and also our manufacturing base. But in terms of jobs you can look on monday alfa one of our largest coproducers declared bankruptcy. Patriot declared bankruptcy. Jim declared bankruptcy and Coal Companies are while theyre doing it theyre sloughing jobs in thousands. Weve lost 7,000 jobs in West Virginia those are coal jobs. Other jobs surrounding it, rail, truck about, electrical they add up to big numbers small stake. One last one is it possible that you can still produce same amount of coal but instead of selling to American Power generators send it to china, can you do that . We can and were doing it now and were going to keep doing it, but it does present challenge and i would rather use domestic resources here to fight tomorrow and committee to make sure we can do that. Senator thank you for being with us. Up to date today on what youre doing down there. We appreciate it. Thank you. Formally or irs executive lois lerner will not tell her side of the targeting story. But more of her emails about to be released, and were on it. Fresher dentures with polident. For the best first impression. Love loud. Live loud. Polident. Number 1 dentist recommended. Fresher dentures with polident. For those breathless moments. Hug loud. Live loud. Polident. Number 1 dentist recommended. Here it comes another batch of emails from irs related to the targeting of conservatives going to be released today. New email jerry willorbs have been releasing this in big batches every monday, and tuesday is tuesday. What happened . Youre correct mr. Varn is knee and no they do not. Heres what they did. Sent to us complied to the letter of the law of what the judge is asking for. They sent a let to Judicial Watch folks asking for the information via freedom of information request. So sent a letter saying hear our status what youre getting 101 pages of documents. But not today because were fedexing it but you dont get it but this despite the fact that irs is literally ten block away from Judicial Watch. So it would have cost taxpayers less money if they had spent, you know, a press aid out to walk the ten blockings and deliver it by hand. What about last week, theres a whole bunch released last week. What did you find in those emails last week . Fascinating findingings. You know we have been thinking that they were regional groups groups out and people that we cover all of the time. Theyre Tea Party Groups but no is coffered big time conservatives including chamber of cross roads gps. So other item that is more important is that some of these folks were targeted not just with denial of 5013c status but audit. Youre audited. And emails showed that . Yes. My goodness me. This story. Performing very good example of this. I want to tell you what Judicial Watch people are saying today about what theyre getting. They say shameful gamesmanship. Opposed to delivering it on time. Is that right . Do you think irs would put up with me if i did this . I would be in jail somewhere. Wearing a different outfit. [laughter] thank you very much indeed im sure youll be on this this afternoon, we appreciate it. More varney after this. On this program i said, that he peaked on the friday he made the comments about mccain on the weekend, and he would trail down on the monday. [laughter] i was so totally wrong, and im prepared to admit it. As they say on capitol hill you can revise and extend your remarks. [laughter] yes you can that was me admitting i was totally wrong about donald trump and a success in the pots. You the something to say about about this as well. First off from alan, i very seldom watch political debates because it has same old rhetoric but ill be watching thursday night just for the entertainment. Good. A viewer says about this president obama climate push on varnny and company said they must fight back against the climate regulations we are, boehner and mcconnell dont listen. Good stuff. You admitted you were wrong. Really . Rare event so excited. Stop it. [laughter] you are humble. So capital of libya go. It is wait, wait stop it. Three, two got me. Time is up neil its yours. Stuart thank you very, very much. You might have heard theres some sort of of a big president ial debate coming up in a couple of days. You might have also heard that donald trump is surging in the latest polls what you havent heard are some of the things that are going underneath polls leak Donald Trumps neglection. Socalled unelectibility aspect of donald trump. Well that seals to be going away fast. In the latest poll we added negatives have dropped about 26 Percentage Points in other words he now has fewer negatives than Lindsey Graham. Chris christie, george pataki, all of a sudden not only is he surging in the positive to the polls, he is dropping down in the negatives. Lookingal