Imus in the morning good morning, everyone, friday, january the 18th. Have you checked your 401 k today . Maybe you should. Without much fanfare, stocks have climbed to near alltime highs. All right. The financial headlines have told a very different story. The fiscal cliff, debt, unemployment high. Were just like europe. The top stories about your money have been negative and not likely to improve that much. Here comes another pathetic debt over the debt ceiling and another downgrade, true. May have we have been distracted by that, put the bad news aside and see the Dow Jones Industrial average within 6 points, 14,164 in 2007. And in a few minutes, the dow starts well above 135. And here is more good news, your house keeps going up in value, not by much for most people, but up is up. So, cheer up, everyone, you might not like the election results, but your money is doing well. And Varney Company is about to begin. New funds in the tech world, its not apple. Youre used to long lines outside apple stores and people clamoring to get apples latest version of the smart phone or tablet. The new buzz out there is samsung, not apple. Applelike hype is building for the Samsung Galaxy smart phone, a bigger screen, faster speed, longer lasting battery. And launched in may, it was considered the first to meet or exceed. You keep hearing, apple doesnt meet cool anymore, thats samsung. And i wonder if apple is below 500. Where are we . And the traders are not getting in and out. Right at the 498 mark, not far off from 500. I can tell you that ubs says the next 100 point move should be to the upside. Youre right, it really hasnt been doing too much. Stuart and the s p 500, theyre at a fiveyear high and people down there are happy, arent they. They are, right . Theyre back to the prethe financial crisis and and then you sell, your overbought. Stuart cheer up, people, theres good news out there. The markets at fiveyear highs and your 401 k is looking good, but were going to poor cold water on it with a poll that says you are not convinced. Well bring you the opening bell, should be up in a moment. [ male announcer ] this is joe woods first day of work. And his new boss told him twongs cook what you love, and save your money. Joe doesnt know it yet, but hell wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. Hell start investing early, hell find some good people to help guide him, nd hell set money aside from his first day of work to his last, which isnt rocket science. Its just common sense. From td ameritrade. Sing hallelujah, come on get happy. Stuart were trying to convey positivity here, the dow at a five year high. S p 500 at a five year high. And remember the dow the 13,596 is the close yesterday and trying to do the math, about 500 points away from the alltime high reached back in october. 2007. Cheer up, look at your 401 k maybe youve made more money than you thought. And the dow industrials opening lower in the opening minutes, seconds, i should say of the trading session this friday. Were down 13 in the early going, still, 13,583. How about one of those door stopper stocks, its a dow component in the news, general electric, made 4 billion dollars in 13 weeks, its going to return in dividends over 12 billion dollars to shareholders this year, so, nicole, i expect the stock is up. Is that right . Sure is. Its up about 2 , 2. 7 , right now. Certainly looking good. 2190 not a bad start. Stuart i keep talking about door stoppers, that go nowhere years and years and years, intel. Theres another door stopper, and thats down. Thats much lower, down over 6 , and theyre giving a weak outlook and talk about spending and the shareholders certainly are know the happy with all of this. Down 6 and by the way, youre a nice man and i commend you for trying to bring some cheer to this opening bell. You know, you had your song, tried to be optimistic, i like it. Stuart no, really shall the dow is closing in on an alltime high and weve kind of ignored it because the political and economic back drop is really very negative for a lot of people. So, i like to play up the positive. Its friday morning and the dow now turned higher, by the way, 136, take that. I want to move on to toyota, settled the first of several hundred lawsuits involving those unintended acceleration cases. It says its going to settle some, find others, it continues to stand by its product, take a look at toyota stock right now, gone to 95 a share, down just a little this morning, now, move to amazon, its launching a music download website, thats going to compete with itunes. You dont have to go to itunes to download music on your iphone, got it . Where is amazon, nicole. And pretty much wants to stick it to apple, right . They do. They do. Theyre so fed up with apple, trying to find some way to get around this. Amazon found their way and they now will have the ability to download songs and you can take amazon songs and put them right on to your iphone, and you dont even need to say hello to itunes. Forget it, go now to amazon. Stuart youre right, as apple comes down so much and almost a door stopper itself, people really turn on it. They really love something else, like amazon to go up. Now, i want to move to research in motion. Yes. Stuart it seems like its riding a wave and maybe we were pre he mature on putting them on death watch last year . And you shouldnt mention anymore. Made it clear we had it on death watch. Dont even keep saying it, everybody is waiting for january 13th and the blackberry 10. The stock is up almost 6 right now and its been on a tear. And theres a lot of people, people building apps for this thing and the carriers are signing on. So far so good for rim, i have to say. Stuart well never put it on death watch again probably. Never say never. Just forget it. Move on to the next topic. Stuart hold on a second, i am saying theres good news out there. Yes, i am. However, accord to go a new poll, the majority of you disagree. 60 of you say that theyre holding back and saving money because tougher times are ahead. 60 . Only 34 expect economic real growth this year. Only 36 have confidence in president obamas leadership. So, youre negative. The market is not. Whole foods chief john macky, a little hot water after comments he made in a radio interview on obamacare. What he said, technically speaking its more like fascism, socialism is where the government owns the means of production, in fascism the government doesnt own the means of production, but they control it and thats whats happening with our health care program. Mackie says he regrets using the word fascism and clarified on fox and friends. Mostly i was trying to describe obamacare, Free Enterprise capitalism which allows value tri exchange between businesses and individuals and its the basis for prosperity in america, and allows innovation, creativity, freedom of choice. Were moving away from that, so, trying to let people see that thats probably not going to be as effective as if capitalism itself was allowed to work in the marketplace. Stuart thats interesting, government controlled health care. Lets bring in da doctor, a specialist, as i said, youre a specialist, okay . Under obamacare, what hoops do patients have to jump through to get to see you, a specialist . Its a very good question, stuart and there are huge concerns and issues in the medical community for doctors, both about themselves and also, about how to care for their patients, two big issues here. And belief that patients are going to have. At the moment we dont know the full i am impact. Stuart because the rules havent been written or its not clear or how its going to work. I think a number of issues, whenever theres any new change in health care, you and i have experience of not just the American Health care system, but the British Health care system. Whenever a new Health Care System comes in theres always anxiety for patients and doctors and we often dont realize the full impact of change until actually on the shop floor being with patients. Stuart okay, but as it comes down the pipe at you, you can see obamacare coming the at you, youre not clear exactly what its going to do to you as a specialist, but youre confident in saying its going to put up some barriers between patients getting to see you in the future, thats accurate. Absolutely. Stuart i want to move on to mackeys point. Hes saying, look, this is government control of the private sector of health care. Do you agree with that. I do agree with that, actually. Stuart it was strong stuff from john mackey there. He founded whole foods, youre a britt, but you know whole foods. A powerful guy, making a powerful statement and youre backing him up. Well, john mackey is not new to health care issues, in 2009 he listed eight ways to make health care more efficient and it was a very insightful article. I think there are a number of issues here for patients. Obviously, one of the big issues is going to be doctor shortages. The key issue for patients, are they going to be able to see competent doctors and get quick access to these doctors when they need to. Stuart okay. Can patients get quick access to the doctors that they need to see, answer the question . Now or under obamacare . I think its going to be difficult. I think its going to be much harder than it is now, and i think were going to be seeing particularly in urban areas, big problems because 25 to 30 of patients who go to the emergency room in urban areas, they dont have insurance, these are undocumented people and at the moment the hospitals can apply for charity care and get some relief for those, from federal government. And thats going to be abolished with obamacare, the hospitals are going to lose money and there, and im sure well see effect in patients care, a number of Services Going down. Social services and weve got to pay for them and where is the money going to come from. Stuart youre a brit and practice in the totally socialized british system and more free market american system. Do you think that obamacare takes us over and down that road to be more like Britains National health care service, does it. Yes and no, obamacare and the what we have in the u. K. Are not the same thing and people confuse this, this is my 21st year in medicine and 16 Years Experience at National Health service five years here in the the u. S. So ive practiced in both systems as a doctor. Obviously, in the National Health service, health care is free at the point of service and this is not what were talking about with obamacare, so there are some differences, but there are some similarities. Stuart where would you rather practice your specialty. Well, no health care is perfect. As you know. Stuart answer the question. Theres good where would you do your specialty, britain or here. Thats a very difficult question so ill say depends which patients youre treating, pros and cons and sometimes National Health care let me put it like this. Do you intend to stay in america. Yes. Stuart and there are other situation i dont want to know about them. The whole food man will be here this evening with cavuto. Time is money, 30 seconds to run through other good stuff. No, its not a scene out of the movie diehard 3. Germany moving hundreds of tons of gold from the new York Federal Reserve bank in new york city, taking it back to frankfurt. Whats with that. The gold bank . Some are talking about that. A stocking study, 15 are in poverty or near poverty, one in three near poverty in illinois, really . Define poverty for me and why illinois. And there are two big money stories in sports, Lance Armstrong and manti teo, millions of dollars at stake, millions of dollars that could be lost. And fox and friends host Brian Kilmeade will join the company. Its friday morning and ive got seven early movers for you, big names, is apple losing its cool. Keep asking the question and thats what well talk about today again. Shares down 6 this year, a short year so far and back below 500, 499 right now. At t will take a Fourth Quarter charge of about 10 billion dollars. And making expected pension obligations there. American express, Fourth Quarter profit down, big expenses there, down a buck. Better than expected profit at the indian outsources company, but the outlook disappoints and you balance it out and the stock is down big. Another door stopper, intel, moving lower on a weak outlook, now, thats sharply lower. 6 is a big drop there. And the fda approves the first patch for migraines, made by new path, i think thats how you pronounce it, new path. Thats a big deal for the stock. Its about what, 12 , 13 , big gain. The founing family of the greetings card maker, American Greetings raised its offering price to take the Company Private and the stock is up. The dow down 5, hovering around 13,600. Now this senator dine feinstein will introduce a new assault weapons ban next week in the senate. One of the toughest gun control bills debated in congress. Coming up next well talk to the man who wrote the original assault weapons ban. What will be different with the new ban . 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You can spot an amateur from a mile away. While going shoeless and metalfree in seconds. And you. Rent from national. Because only national lets you choo any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. Now this. Will work. [ ale announcer ] just like you, business pro. Just like you. Go naonal. Go like a pro. Dead flat market, but remember, were 500 from the all time high. Check your 401 k , you might be surprised. The price of oil, back down a bit now 95. 53. And lets see what happens to the price of gas. Two handguns and pistol permits were stolen from a mans home in new york city, new york im sorry, new city in new york state. Thats in rockland county, by the way, one of two counties where the names and addresses of all gun owners were released by a local newspaper and police say theyve not yet found a link between the crime and the report in the paper. It was the journal news, the second where there may be a link publishing the names and addresses of gun owners and a burglary. President obamas big push on gun control is bringing up a ban on assault weapons similar to a bill passed way back in 1994. Adam is with us, helped to write that assault weapon ban and working with Dianne Feinsteins office back then. Nice to see you. Likewise, thank you, stuart. Stuart this bill from Dianne Feinstein i believe goes further. I want you to tell us in as simple language so we can all understand, how do we define assault weapons and how much further does it go than the previous ban . Its important to know quickly its a threshold matter that senator feinstein has not introduced the bill yet and that will be public reports saying maybe next week thursday and the bill is going to be flexible, it doesnt go into law, it goes through a very long complicated process, that said the principal difference that senator feinstein is considering, included in this version of the ban would tighten it in a significant respects. Previously an assault weapon was defined as a semi automatic weapon capable of detaching a magazine that included at least two of the number of features on a list, and those features have been criticized as being cosmetic like a bayonet mount or a grenade launcher, but they were appealing to people going on shooting rampages, and the pistol grips. And getting rid of the grenade launcher, the only feature left might have been a forward hand grip. And senator feinsteins bill reduces the features test to one feature. Stuart picking around the edges, i understand its a very, very difficult thing and understand theres a large section of public opinion, please get rid of these weapons and dont want them out there and another large section of the population says its our right to have them and we want to move on and keep them and i understand theres a huge difficulty on creating a law, which adequately deals with that division of public opinion. But it seems to me that senator feinsteins new bill, which does go a little further, doesnt go that much further and is not likely to have a Significant Impact on Mass Shootings. Now, thats probably from my personal opinion, perhaps, but what do you say . Well, i think with respect, you may be half right. It goes a little bit further, but that does mean its likely to have the same kind of effect and perhaps somewhat more affect than the initial sought weapons ban. The notion that thats meaningless, is belied by some research for it. Do you ent hadont have to take random social scientists work on it. Stuart weve had someone say the same thing. Adam, weve run out of time and i wish i had more. This is going on and come back and well have more time to discuss this issue. Slighted. Stuart let me give you the morning gold report. A little different this morning, you could just invest in a metal detector like the prosecutor prospector, in australia, its expected to spark a new rush, all he had was a metal detector, but the outback, believe me, ladies and gentlemen, is big. 1688 is the price per ounce of gold right now, thats down 2. 60. The worst kept secret in the world is no longer a secret. Lance armstrong admits to cheating, but were going to follow the money trail of the big investor who is playing both sides of this game. Monica crowley and Charles Payne are here and theyll join us on this interesting sidebar to the armstrong story next. Its too late to apologize i said, its too late to apologize its too late [ slap ] [ slap slap slap slap ] ow ow [ male announcer ] your Favorite Foods fighting you . Fight back fast with tums. Calciumrich tums starts working so fast youll forget you had heartburn. Tum tum tum tum tums yes or no, did you ever take banned substances to enhance your cycling performance . Yeah. Yes or no, was one of those banned substances epo. Yeah. Did you ever blood dope or use blood transfusions to enhance your cycling performance . Yeah. Stuart it went on from there, that was Lance Armstrong finally coming clean to oprah winfrey, but the money angle is perhaps as interesting. A Silicon Valley investment banker, bank rolled and owned Lance Armstrongs former cycling team. He bank rolled Lance Armstrong and the team and managed assets for cycling government body. Playing both sides, conflict of interest . What do you say, charles. Charles here is the thing, its not a conflict of interest as everybody knew it. I think where youre going to see people look into this deeper, during the the interview it came up the idea that Lance Armstrong a few tests came up positive and they were squashed, and the agency might with squashed it and if thats true why would they have squashed it. I think a former teammate of Lance Armstrong claimed that they engaged in a Systemic Program of doping and all of these people more or less knew and linked to a 500,000 aimed at silencing a drug test reportedly failed in 1990 and the other aspects, listen, fair disclosure, Everybody Knows not a big deal however, if thats the other angle, thats a big deal. Monica, ten seconds, good guy or what . So disappointing to me, its not Lance Armstrong per se, but another public figure elevate today hero status, let us down. Charles elevated him to hero status even as the rumors were out there, thats the crazy thing about it. Stuart next, Republican Party looking for answers and leading voices in the party may have them, new at 10 with monica and charles, and its next. Chances are youve become, a better driver over the years. And one Company Thinks your Auto Insurance rates should get bter too. Presenting the aarp Auto Insurance program from the hartford. Im a good driver. Have been for years. It just makes sense that better, more experienced drivers should get better rates. Its been a while since ive checked. Id hate to think im paying more than i should. Call the number on your screen today and you could join the thousands of people who have switched and saved significantly. Plus, you could enjoy benefits like disappearing deductible, which lowers your deductible every ar you drive accident free. I havent had an accident in years and my Current Insurance Company isnt rewarding me for that. You can get first accident forgiveness, which means one accident wont ruin your rates. We all make mistakes. 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Call the hartford at today to request your free quote for the aarp Auto Insurance program from the hartford. Well even send you this free calculator. Thats do . For conservatives, the postelection question. There had better be some answers because the latest wall street journal poll shows the gop with a 49 negative rating. That is back. Charles croppedharris is republicans are only split on strategy. The split is how to deal with the president who wants all government all the time matthew has the power to inflows that. There is no division on what the republicans stand for, small government, low taxes, growth. There are other conservative voices calling for a broader base, rain in the right and make a direct appeal to women and minorities, retreat on social issues like gay marriage, abortion, legalize marijuana, they want compromise, at reach, inclusion and a smaller voice on contentious issues. Personally i think conservatives should change the tone. Enter over the election turns people off. Namecalling is a loser. Smile, persuade. A party of growth and optimism will surely have its place in the sun. All right, were going to talk more about the direction of the gop in a moment but we have this breaking news. The Federal Reserve has released a load of documents from several closeddoor meetings that it had in 2007 as the financial crisis was just getting rolling. Among the in relation being released, the minutes from three emergency sessions that the fed at a time when the economy was im going to say, adding. There could be some dramatic exchanges, how often insiders says there had to be embarrassing stuff in there. If there wasnt these documents wouldnt be released. Peter barnes and the rest of the d. C. Team sifting through the paperwork looking for a headline and if they find something worth reporting we will bring it to you. It will take time to go through them but we are doing it. Check the big board. We are about 13,600 on the dow with a 12 point gain at this moment and here is the company friday morning as usual, fox news contributing and bestselling author Monica Crowley is here, Charles Payne is back and Nicole Petallides on the floor of the new york stock exchange. Apple stock still dancing around 500 . Nicole they and around 500. Why not 700 where it was in september . When everybody was saying 800 . 1,000 . Showing endlessly higher and didnt do that. 500. 50. Stuart what are are those people . With a 1,000 stock remember. Nicole hiding under a rock. Talk about research in motion coming orca until the end of january. That is year to date, january. Research in motion is up 30 and apple is down 8 . That is down two weeks of trading. Stuart at stock went up 30 right after we put it on deathwatch. Sorry. We will never do it again. Thank you. Nicole stay tuned for more stock. Stuart Republicans Holding their annual retreat this week. As i said the gop has a very negative image in this country at the moment. They cant win with a majority in the house. Monica crowley, what do you say to what i said a moment ago . The Republican Party has a series of cascading problems not least of which is a brand identification problem, republican brand has been tarnished, as a very connotation. [talking over each other] charles is talking i loved charles, makes an excellent point in the latest peace but he says theres no split in the Republican Party, that it is all settled on the same philosophy of smaller government. I disagree with that. I think you have the tea party coalition, a strong conservatives who do believe in limiting government and fiscal responsibility and economic freedom, then you have the republican establishment representing the republican leadership, john boehner, eric cantor, Old School Girl along to get along republicans who have gone down a road of Big Government and big spending and continue to do so. You have the strife within the Republican Party, very difficult to heal the party as you still have that. Stuart come together on growth, come together on optimism. How to get together . Out and get america moving again . Heres how we do it and smile. My book talks about the warrior spirit. We need a party, a conservative movement that is positive, energetic, forward looking and talking about Economic Growth and economic freedom. You put growth and freedom together it is no lose. Charles i agree with what monica said. This was predicted a while back. Danforth wrote a book about this and the religious right, that was where everyone thought the initial battle would be the libertarians have come up big too. What i find is the leadership is so spotty and so they dont really get it. A need fresh leadership. Marco rubio is a name that comes out at you at the top, could be someone we dont know about. Stuart you want young, pleasant, optimistic, fresh and republican. Charles when the economy, part Business Leaders have to jettison some things. You have to throw some things overboard. The water is leaking, you cant hold on to every nook and cranny. Forget about the marriage. I am telling you, forget about all the other things, these nonsensical things in the grand scheme of things. What is the number1 priority to prosperity and freedom for the country . Stick with those things and throw the of the things overboard. Stuart we have reached agreement. Back to Nicole Petallides. Netflix. Have you crossed and gone above 100 a share . Nicole it is jumping up the whole year, lets see where it is, hundred dollars, 0. 40 a share, and of 3 . A couple quick fox, jenny capital comes alibi rating from neutral. You dont care about analysts but what you do care about is why theyre doing it. Competition that everybody talks about really is basically irrelevant. They think the fact that netflix is going to be huge. Now it is going to go straight to netflix, netflix is paying and on and a plague to beef up their offerings for their subscribers and people think it will pay off. Stuart if you died disney at that price he will end up a winner. That is the calculation. That is why the stock is at 100. That is my opinion. Nicole you are onto something. Stuart thank you very much, good stuff. We dont like to use charts but i have to show you a five year charge of the s p 500 Index Trading rider around the five year high. Everybodys money is doing well but they still people are still generally not optimistic. I forget the numbers, Something Like 34 think were going down the tubes. Stuart this is what i have been telling people for several years. We have to detach the stock market chart from americas economy, the domestic economy. The world, the entire planet has never been this prosperous in the history of mankind, never. The entire world. I am not talking about the great empires that forced themselves into welfare state and cant get out of their own weight. I am talking beyond china, resurgent japan, 5 unemployment in russia, indonesia, turkey, mexico, panama city, google panama city when you get a chance. If youd think this with the first world country, she level via first world country and so will brazil. Drivers in brazil and argentina, that is what the stock market represents. We are lucky to have American Companies that can take advantage of that and i pray and hope the government doesnt stop that even though they have hinted at it. Stuart usually so negative about politics, the election, the direction of the economy, america is jazzing getting just like youre in a decrease of the dow jones average is close to an alltime high. Charles people should not be fooled by that. Caterpillar gets 70 of its revenue outside of this country. Stuart recover from the election loss. Happy warriors most americansthe most politically toxic thing for any politician, anybody in leadership is a bad start to the stock market. Because the stock market has been doing so well, in alleviate a lot of pressure on the task force doing something and tax reform entitlement reform and cutting the deficit and debt. Charles when it hit an alltime high the dow at an alltime high under george bush the democrats said that was a reflection of rich americans. Stuart professional sports very big money. We have two names for you. Lance armstrong of course and manti teo. They could lose a ton of money. Brian is on the radio right now but he will join us for special simulcast at 10 35 this morning. Lets get to guncontrol. Here is what the president of the National Rifle association said yesterday on varney and company in response to president obamas proposal. You have a president who is dedicated to achieving an ideological agenda and is willing to spend Political Capital to fight a fight against against public feeling and Public Attitudes that have been in place for many many years and to fight in spite of constitutional safeguards for those attitudes you have a real battle royal and that is what were going to have in washington over the next few months because this president as you saw yesterday fired the first shot in a war that way mop rear was predicting last year. Stuart our next guest agrees with that. He has organized the first gun Appreciation Day. It is tomorrow. His name is larry ward and he is with us, the founder of gun Appreciation Day. Welcome to the program. Before we get into all of this, what about this . I dont understand why gun folks oppose background checks for gun shows. Lets first say it is not a loophole. Stuart wide you oppose not registration so much as background checks . Lets look at what the president signed. Stuart do you oppose universal background checks . Yes i do. Like i said, there has never been a lot for a person to sell a gun to another person and if it was going to do something perhaps it would be something that the gun lobby would consider, the gun manufacturers would consider. Stuart is it so bad . How are you going to enforce it. Stuart so bad if you have the law . Are you going to enforce it . How is it going to protect stuart go to a gun show, the guys selling the guns, they sell you a gun at a gun show, they have to register and byebye whatever it is, they have to know who i am, i have to show identification and they get on a computer and run a background check. What is wrong with that . Nothing wrong with that at this point. Stuart why do you oppose it . We are talking the box when a citizen sells a gun to another citizen outside of a gun show, second and sale. Stuart what about gun shows . Are you ok with that . The gun stores, gun retailers do background checks. It is the citizen, the citizens sale that does not. Stuart what objection to you have to citizen to citizen background checks . I only have an objection that it hasnt affected crime at all. There is it will not affect it wont do anything. Charles really, i dont know how to run a background check. How many know how to run a background check on someone else . Stuart i am thinking in terms of principle. We have these awful Mass Shootings which are awful. We want to do something about this without impinging on the rights of people, Second Amendment rights. What is wrong with trying Something Like keeping guns out of the hands of not jobs . What is wrong with that . Universal background check means the federal government will have a giant list, there will be a massive database of everybody in america who owns a gun. These are for the most part lawabiding citizens who went through the Legal Process of acquiring and owning a gun. [talking over each other] stuart a helicopter brigade worrying about a Conspiracy Theory in the future . The westchester, takes the list, that right of public people, people who are on Public Record as owning a gun with a permit, they applied for the permit and did it legally and allen is Public Knowledge and we know all of the dangers associated with that. Imagine the federal government having a massive database of lawabiding citizens, criminals are not going to go through the background check. Guncontrol laws kicked in with adam who went to purchase guns, did not want to wait for the background check or the waiting period, got his hand on guns anyway. Stuart before larry leaves us, tell me why gun Appreciation Day. What do i do to appreciate it done . Go to your local gun store, local gun range, local gun show, hold up your hands off my gun signs, keep a copy of the constitution in your pocket and make a strong statement to the members of congress and the president that we care about our gun liberty. Stuart how many will do this tomorrow . It is a grassroots effort. First time ever. Tomorrow. We hope a million show up. Stuart a million. We appreciate you being with us. Gun Appreciation Day is to martha. Thank you very much. Illinois ladbroke. Billions in debts but not just the State Government in the poorhouse. A stunning number of people in illinois are close to poverty. We have the number for you next. Tdd 18003452550 when im trading, im totally focused. Tdd 18003452550 tdd 18003452550 and the streetsmart edge trading platformrom charles schwab. Tdd 180034525 gives me tools that help mfind opportunities more easily. Tdd 103452550 i can even access it from the cloud and trade on any computer. 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Next, the stunning number of the illinois president s in or close to poverty. Why illinois . We do have an answer for you and to exactly is in or close . Stuart stock alerts, norwegian cruise lines havent ipo where the stock started trading. The price was 19, it has moved up to 25 in the first few minutes of trading. Up roughly 30 , 31 , 19 for norwegian cruise lines lose startling statistic from an insolvent state, 15 of illinois residents living in poverty, one in three are at or near poverty. Joining the company from chicago, the illinois policy institute, first of all, could you define poverty . Poverty means a family of four is making less than 24,000 in income. That is the definition of the federal poverty level. Stuart does that include all transfer payments they receive . All kinds of subsidies and what have you . That would include all the income that they make the big picture is a third of illinois at or near poverty and 15 at poverty is a release at number and what we need is how did we get there . Stuart why illinois . That is a higher level of policy that almost all other state in the nation. Tell me why illinois. Why a little . For decades this state has been running high deficits, spending, spending and spending, overborrowing and running the government programs. So you have a bunch of bad numbers. The sad part is a retired politicians look at the numbers in a lawyer they think the solution is more taxes, more spending and more government. We are trapped in a virtual circle. Stuart what is the direct link between a very active government that spends big and goes biggin to debt . Show me the direct connection between that the high poverty level. Best way to look at this is see what is happening with people leaving a little. Lenore loses one person every ten minutes to other states. People are leaving companies dont want to come, theyre scared of coming to illinois, much death and you cant blame them for being scared. They dont want to pay more taxes or interested that has more poor people. They want to move states that are dynamic, cutting taxes. Look of other states with zero tax rates, they want to move to dynamic economies. Stuart diana workers leave and Dynamic Companies that want to hire do not come into illinois. That is the connection with the high level of Government Spending and government debt. Precisely right. If you think about this is the scary part for illinois, the people who can leave on the ones that have money and they leave so people forced to sit down have means and the amount of debt i know you have covered on the amount of the lloyd that you are going to leave a bunch of debt to people cant pay and that smell like insolvency. Stuart i keep asking the same questions you and other people from illinois. When does crunch time come . When do we stop lending and when does a lawyer asked the feds 4 bailout . You have lead on this and ask the right questions. Illinois continues to fell to get a handle, politicians wont take on the unions, they wont reform pensions and it is becoming dangerous. Stuart when does the current come . If you look at what happened in california they got away with one more tax increase. Were trying to block tax increases in a lawyer but as long as politicians and do that they push for a problem ticket can down the road. No different than what is happening in washington and frankly if you want to see what is going to happen to the rest of the nation all you need to do is look at illinois. Obama using the illinois playbook in washington. Stuart that hurts. Thank you very much indeed. See you soon. The germans make a run on gold at the new york fed. My take on that is next. Reminds me of a scene from the movie guy hard iii. Sitting on the farm. For some reason he is very angry with me. As they say the plot thickens. Knocked over the Federal Reserve. Can your hearing aid do this . Lyric can. Lyric can. Lyric can. Lyric by phonak is the worlds only 24 7, 100 invisible hearing device. Its tiny. But lyrics not just about what you cant see. Its about what it can do. Lyric can be worn 24 7 for up to four months, without battery changes. Incredibly easy to live with, lyric can be worn showering, sleeping and exercising. In fact, you might forget its there at all. Call for a riskfree trial. And youll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ears own anatomy. testimonial section testimonial section testimonial section testimonial section testimonial section did you know, 94 of people who use lyric would recommend lyric to a friend or loved one. Can your hearing aid do all this . Lyric can. To learn more about lyrics advanced technology, call or visit trylyric. Com for a riskfree 30day trial offer. Youll also get a free informational dvd and brochure. Why wait . Hear today what a little lyric can do for you. Get the hearing aid that can. Lyric from phonak. Lyric can. [ cows moo ] [ sizzling ] more rain. [ thunder rumbles ] [ male announcer ] when the world moves. Futures move first. Learn futures from experienced pros with dedicated chats and daily live webinars. And trade with papermoney to testdrive the market. All on thinkorswim. From td ameritrade. Unnamed hospital apply to charity care and get some relief from the federal government because that will be a finish for the obama care hospitals, we are going to see some defects in patient care with a number of games like social stuart that was dr. Philipa seatm. In responding to a john merrick describing obamacare is fascism. He later apologized for using that word. To the big board advises friday morning but at a very high level so you and your 401 k , a 13595. Nicole petallides, intel. I keep calling and a door stopper, it goes nowhere but it is going places today. Nicole is going lower today down 6 coming out with a profit dropping, 47 , a weak outlook, down 1. 35 and every time you see the dow going into negative territory you can blame intel because it is worth nine negative dow points. I saw the dow skip down. With out in tell it would be a little higher. Stuart that is a big drop. His closed. Avalanche armstrongs and manti teo, lies and deception. All about money on varney and company. Both could get millions of dollars. Fox and friends host on the rear right now but will simulcast with varney and company and a couple minutes. Do not miss this. Stuart 30 years ago i was invited into the gold vault deep underneath the Federal Reserve bank in new york city. I saw dozens of little rooms like prison cells each room had a number and contained piles of gold, each room contained the gold reserves of countries from all around the world. They trust america to keep it safe. Now the germans want 300 tons taken out of new york and ship it over to their own fault in frankfurt. Here is my take on that. First of all i dont know why they are doing it but theres a lot of speculation that people dont trust the currency are having a field day. Germany uses the troubled euro so some speculate that may be a gold backed the Deutsche Mark will make a come back. Bring the gold home. Obviously they are not touching that with a 10 foot pole. The germans are not saying anything about gold back to new Deutsche Marks. There is chairman nationalism. That a factor. Some tabloids have asked whether all their gold really is still in americas for dollars. A german official came to see the gold was not admitted to the vault. Maybe theyre bringing it back to make sure they really do have it. Here is my theory. The germans have had it with apologizing for world war ii, they have added with a southern europes bill that had it with other people keeping their national treasure. They are taking back 325 tons from france as well. They want to grow up financially and they want everyone to know it and respect it. But then in the back of your mind can you really say gold is useless and has absolutely no place in todays Financial System . Can you say that . Really . [ male announcer ] you are a business pro. Executor of efficiency. You can spot an amateur from a mile away. While going shoeless and metalfree in seconds. And you. Rent from national. Because only national lets you choo any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. Now this. Will work. [ ale announcer ] just like you, business pro. Just like you. Go naonal. Go like a pro. I brought and ak47 with me. Here is the ak47 pointed at the ceiling. Unloaded. Stuart making a statement on the control. He says it is not loaded. It happened yesterday. Somewhat think that is an inappropriate way to make a political statement, but that is what he did. Apple looking for but i call a door stopper stock. You would not describe it as a door stopper, charles, would you . Charles this stock has not been one since 2004. It has either been straight up, or, occasionally, straight down. It is not a door stopper stock right now. This stock will either go down a lot more or it will have a big rebound. Stuart what is your money on it . Charles it will have one more movement to the upside. Stuart a special guest joining us to talk about sports. He is the host of fox and friends. Simulcasting live on Varney Company. I want to talk about manti teo. We are a financial program. How much money has this guy lost with the whole fake girlfriend fiasco . This is what i would say, he was a middle firstround draft pick. The nfl books that psychology to see what you will be like in terms of your fourth ethic, how you will be under stress. We see what he is really like. I think he lost between five and 10 million just in an nfl signing bonus, let alone, endorsement. Stuart i take your point. I understand why individual sponsors would say, i am not sure we want this guy as our guide, but what about a team . They may want headlines that will be attracted by a guy, even if it is a fiasco. Am i way off base . You are laughing. Why . I am out Varney Company, number one. There is no team in the nfl. It is the Gold Standard of all sports outside of premier soccer. There is not one team that needs this negative publicity. The ten tivo the tebow thing. This is a hoax. It is all negative. Not how you want your team viewed. Stuart they are telling me that the jets would indeed take him. That is another story entirely. How about Lance Armstrong . Has he lost it all . Totally ruined . I so very little emotion last night. I watched the whole thing. Did you achieve for all seven titles . Was it all a lie . Yes, yes, yes. It was all a lie. When asked, would you be here now if you did not try to come back, he said no, i would not be back. That man who is worth 125 to 10, think, i think he loses it all. All the Little People he insulted along the way, personally, they want some revenge. I do not see anything good coming out from him, unless he needed to clear the air, which he let us know if you would not be there if it was not for the fact that he had to come clean because he had nowhere else to go. Stuart you see, brian, it is the financial angle. It is the money. That is what it is all about. It is. I do understand that. If you play a sport in america like soccer, you do not do it for the money. Now caught the word is, at 41 years old, he wants to clear the air to be free to run triathlons. I am not sure. There is a part of him that is so competitive. He just snowed himself into believing that what he was doing was not cheating. That is unbelievable to me. Stuart we are out of time. Thank you. I want to do this again. Thank you very much, indeed. Imagine this you and antique furniture expert. You walk into someones home and to the homeowner surprise, you come across a Million Dollar piece of furniture. Joining the company is, john hayes. It happened to him. Good morning. Stuart you are out in new york. Put this on camera, will you. Have a look at this. You go into a private home and you see this. There you go. That is worth a Million Dollars. You serendipitously found it . It had old magazines and television and lamps on it. And Old Television on it . It had lost its identity. It was originated in newport, long island. Newport is loved by American Furniture collectors. Stuart i can see that. It is one of a known bureaus that survived from the 18th century. It is signed by the maker, john townsend. Stuart suddenly, you just find this thing. Were you shocked to find it . It is every furniture hunters dream to discover a blocking self chest of drawers. It is love. Stuart how about the homeowner . They were very controlled. They were very precise and methodical. Stuart they did not believe it, in other words. I think i was doing the fainting. After a little teed, i realized, this was one of the undiscovered masterpieces. Stuart how much . Seven to 900,000. On the 25th of this month, which is next friday, a week from today, it will be at christies and we will see what the market decides. Stuart one of the greatest discoveries in the field. It made your day. Major decade. It is a big deal. Stuart this thing will be auctioned off. A work of art speak to a work art discovered by you. Next friday. Bring this back again. How much . It is 20 30,000 just. Stuart another brilliant discovery. The nfl is big money. Millions of dollars will be wagered on the big games this weekend. [ male announcer ] where do you turn for legal matters . Maybe you want to incorporate a business. Orrotect your family with a will or living trust. And youd like the help of an attorney. At legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. Get started at legalzoom. Com today. And now youre protected. Some Brokerage Firms are. But way too many arent. Why . Because selling their funds makes them more money. Which makes you wonder isnt that a conflict . Go to etrade. Weve g0t over 8,000 mutual funds and not one of them has our name on it. Etrade. Less for us. More for you. Stuart updated the situation in algeria. The hostage situation is still ongoing. They say 65 hostages remain. At least 20 government took over the gas facility in algeria. Boeings could be bad news for the International Space station. The batteries also power the space station. They say the batteries are different. They are waiting on the final results of the boeing inspection. Shares of the Healthcare Company are up big time. You can see the stock is up about 5 . Next, football. Yes. I am talking football. Stuart championship weekend. A lot of money will be wagered. You know what you are talking about. I do not. The patriot and eight and a half favor at home. The total 52 points. The patriots are an offense if team. Very difficult to stop them. They will be about more than they will score on this one. Though money is on the money line for them to win the game. It has been strong. Stuart they are putting something on the screen that i do not actually understand. The 49ers and the falcons. The 49ers are the favorite. The game has been set up to four. There is some falcon money coming back now. No respect for this falcon team this year. Only about seven losses in the last five years or so. The 49ers are the darling right now. What you see last week is what you will go with. Last week the 49ers had over 600 yards of offense and i think they compile it on this week. Stuart who wins the super bowl . The favorite in the super bowl is the patriots at 2120. The longer shot is the Baltimore Ravens at sevenone. The patriots are over the Baltimore Raven then the 49ers over the falcons. If those to be in the super bowl, i think the matchup will be patriots somewhere around a threepoint favor over over the 49ers. Probably close to a touchdown over the falcons. Stuart the line could change before sundays games. Is that correct . The money has already moved on the first game quite a bit. That was the early money. We will see where the late money comes from. The late money will be the most money. We will rate 90 of the action on this game. Stuart if i wanted to book a table in the sports book far, whatever it is called, i dont have a prayer, have i . I do that for my top highrollers and you happen to be one of those. Stuart highroller . [ laughter ] you have no problem getting a table. Stuart we love you on Varney Company. We just love you. Please come see us. I would love to. Thank you. Stuart we are finding more holes in gerri back brown budget. We will do that next. Obligations, but obligations. I need to rethink the core of my portfolio. What i really need is sleep. Introducing the ishares core, Building Blocks for the heart of your portfolio. Find out why 9 out of 10 large professional investors choose ishares for their etfs. Ishares by blackrock. Call 1800ishares for a prospectus which includes investment objectives, risks, charges and expenses. Read and consider it carefully before investing. Risk includes possible loss of principal. Stuart we are trying to be positive today. Take a look at this. Five siblings and california on their puppy. They asked their parents for a new puppy. There dad said yes, but only if they could get 1 million likes on facebook. It worked. 1 million likes and a feelgood story. Gerri mack brown fantasy island budget. Charles it is also the disingenuous part. It is local and federal. You build a budget around it and you pass a budget. When you do not get it, you tax those rich people. [ laughter ] that is the irony. They are still relying on the private sector to support all of their programs and pensions and so on. Yet, they are driving out the highs and the highest earners. Stuart a very positive line on the latest budget. We are in the blood. He ignored pension debt. He is still on fantasy island. Have we agreed on this one . Of course. Kudos to you on the show for focusing on states like illinois and montana. Stuart the highlight reel is next. Stuart the highlight reel, role it plays. 49 negative rating, that is bad. John boehner, eric cantor, get along republicans. Stuart the g. O. P. Has a very negative image in this country at this moment. They just really dont really get it. They need fresh leadership