Reported. But come on, everybody, get used to the new normal. Varney company is about to begin. The most Free Research reports, customizable charts, powerful screening tools, and guaranteed 1second trades. And at the center of it all is a surprisingly low price just 7. 95. In fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. Im monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Thursday morning, lets get right at it. The latest on syria. Israeli intelligence has confirmed the assad regime is responsible for the alleged chemical weapons attack. The president still undecided. Britain wants to wait for the United Nations and france is balking again. Again, the word is delay. The news out of syria, again, dominating the markets this morning. The price for a barrel of crude still at 109 per barrel. Were down 60 cents. As of right now, the stock market is going to open lower. We had a minor bounce yesterday because of oil stocks and today were down 11 on the futures right now and falling. Next hour, were going to talk to ed hussein, senior fellow at the council on Foreign Relations and hes going to give us the view from the arab street. What you might call the other side of the coin. Theres a lot more going on and here is what is making headlines elsewhere today. Look at this, the yosemite fire has quadrupled in size, prompting more evacuations to tourists and residents. Governor brown has declared a state of emergency in california. Fast food workers go on strike, 25 cities going to be affected across the country this morning. They are demanding a 15 an hour wage. Have they all walked out . Were going to follow this for you. Please take a look at this, its americas largest ever rocket. It blasted off from california yesterday, overnight, i think. The delta 4 rocket, 23 stories high. The blast could be heard and felt for miles. It is a top secret mission. And dont know what its all about. We told you to fill up your gas tank before goes is going up. We told you yesterday or the day before. We were right. Well get a prediction from the gas buddy next. How high is it going . Also, the ceo of ford, alan mulally. I will guarantee hes smiling. Hes here to talk about building the ford fusion in the United States. Come on, alan. America loves that ford f150, do doesnt it . Thats the moneymaker. Hes relentlessly upbeat. Youll see him. One piece at a time and wouldnt cost me a dime youll know its me when i come through your town thats a good one. [laughter] well, lets change the subject briefly. Ford is building the fusion here in america. Can they make money selling what they call a midsized car . Hold on a second. Fords chief alan mulally is going to be here in just a couple of minutes. Lets get back to ed butowsky. If we have a limited delayed strike in syria or no strike at all. Do you think that stocks go straight back up and oil straight down . Im not saying its going to happen, but what if it did . Its obviously, you know, we dont know whats going to happen. I think if theres a strike were going to see stock prices go down because oil prices go up. Because any reaction is what were concerned about. Not so much the reaction from syria, but the reaction from iran and what they might do, so, i believe that that is going to be a negative for stocks because oil prices will go up right away. Stuart any action, any military action on our part, negative for stocks, up goes oil. In the short run. Yeah, in the short run, stuart. Yes. Stuart thanks very much, ed. The opening bell is ringing, its 9 30 almost precisely, here we go. What are we going to do today . The opening trend is down. Were off 6 points in the very early going. Not much of a loss, im going to call it flat to slightly lower. Ive got to tell you about this, theres a big telecom deal in the work, ive got to tell you about it. Vodafone confirms its in talks with verizon to sell its stake in their u. S. Joint venture. I think theyre talking about 100 billion dollars here. The two stocks, please, lauren . Theyre talking about 100 billion dollars. The two stocks are up sharply. Vodafone is up 8 1 2 at a new high. And as they traded in london at a 12year high and verizon is rocking as well at 2 bucks. Stuart thats a bright spot and receipt right now im looking at the dow at the 147 level. Ive got to tell everybody about a weak clothing retailers, weve talked a lot about them in the past couple of weeks and ive got a different story today. Guess, that Company Posted solid profits, improving sales. They must love the jeans they sell. Whats this, up 13 , is that right, lauren, are you still there . 13 , ouch. Okay. Good news. Should you get 15 an hour for flipping burgers . Thousands of fast food workers think so and theyre walking off the job today in protest. So, lauren, come back in. Any reaction . I dont expect a reaction to fast food stocks. Very small. Wendys is flat, as is yum brands which owns taco bell and k. F. C. , but a nice half a percent move for mcdonalds. I went by one of the strikes coming down to the New York Stock Exchange today, its chaotic, organized by fast food forward and they want 15 bucks an hour. Essentially about 31,000 a year, which is above the federal the poverty line here in the u. S. Stuart were going to be covering this all day long. I want to check out how many people actually take part in this walkout or this strike. And Charles Payne is going to be with us at the top of the hour. Charles has strong opinions on 15 an hour in the fast food business. Lets go from the stocks to the economy and the dow parred its gains. Can you call this growth, solid growth, 2 1 2 growth rate for the economy in the Second Quarter of this year. Ed butowsky is with us. Do you still say the middle class is getting squeezed when youve got 2 1 2 growth. Oh, without question. We all know that the middle class is falling behind. You can just look at the numbers and read them on every headline, its true. The reason theyre falling behind is that the majority of that i remember their income, a generalization, is tied to the cpi which doesnt represent the cost increase. Theyre getting 2 or 3 increases in salaries, but costs are going up 10 per year, depending on the city you live in. Everyone has a threshold of pain, stuart, when they reach it they reach out to the government or a friend, somehow looking for a life line to help them make ends meet and right now reaching out to the government and the government is handing it to them. Stuart is this what we can expect. 2 1 2 growth for the rest of year, on and on through the new normal . Thats your prediction . Stuart, i think it goes lower than that. Those numbers are bumped up because of low interest rates. If you study the numbers, you know, real intensely, youre going to find out its closer to 1, 1 1 2 after revisions. Stuart and which means that ben keeps printing, were not discussing that now. Ive been saying for days, get out there and fill up your tank. And a gain of 2 cents overnight. Here is Patrick Doohan from gasbuddy. Com. Ive said that gas prices are going up nationally over this long Labor Day Holiday weekend, what do you say. Youre right, weve given you good advice and youre starting to figure it out. Motorists hitting the roads will see higher prices as we approach labor day. Its not because of the holiday. A lot of americans are saying hey, its labor day, prices are going up. But look overseas, thanks to syria prices are going up. Stuart how hi is high . Were up 2 cents overnight. Can we expect a spike this weekend . I certainly dont forsee a significant spike. This is not libya, like we saw 20 cents a gallon over the course of a few days, this is not that bad. What well see may take a week or two, may be 5, 10 cents, maybe 15 cents a gallon in some markets, i dont see oil prices shooting a whole lot higher. Now, there is a possibility should the situation worsen that americans feel more of a pinch, but by and large i think that prices continue to remain under a year ago levels. This is not so significant. Thanks, for the fact that its coming at the end of the driving season. Stuart is there one part of the country which could be susceptible to a significant jump in gas prices . I think that everybody is pretty equal in terms of chances of a big jump. Theres not anybody that stand out. California is probably not the area to expect the big jump. Inventories are very healthy. So finally good news for west coast motoristists in that regard. Maybe in the northeast they feel more of a pinch. The great lakes already saw prices jump, its an equal chance around the country. Stuart gasbuddy. Com. I guarantee your business does well this weekend. Absolutely guarantee it. Patrick doohan, thanks for being with us as usual, appreciate it. Ford Motor Company kicking off production of the fusion mid sized sedan at flatrock plant in michigan. Its the first time that the fusion will be built here in the u. S. Joining us from the plant, fords chairman and ceo, always got a smile on his face. The relentlessly upbeat alan mulally. Welcome back. Stuart, good to see you. Stuart all right. The fusion. We have a lot to smile about, stuart. Stuart you always have a lot to smile about. And the fusion, your people say that this is a midsize sedan. It looks awfully small to me. Can you pack five big americans into a fusion . Really . Absolutely. And to your point, with ford now, you have the fiesta, the focus, and then the fusion, and then the taurus, probably the finest car lineup of any auto manufacturer in the United States today. Every size you want you can get now from ford. Stuart do you think that this is going to give you a leg up in the all important california market . Do you think you can beat toyota in california with this lineup . Well, clearly, stuart, the consumers will decide, but ill tell you, they love the fusion, and they dont, not only like the fusion base model with gas, but also the eco boost version which has direct fuel injection and turbocharging and more fuel efficiency and they also like the hybrid and the highest growth area is now in california. Its a tremendous development to serve our customers there. What kind of gas mileage can i look at in what you call this midsize sedan, the fusion . Well, on the gas version starts around 28. You can get more economical engines that go up to 37 and of course, with the hybrid version of the fusion, you can get 47 miles per gallon combined. Stuart youre building it now in the United States. Is that a statement. Yes. Stuart that youve got your costs under control in america, its not running away from you, youve got your costs to under control to such a degree, you can make money on the fusion, can you . Absolutely, stuart. And stuart, i just its an important day for all of us, because we made a commitment to all the stake holders of ford seven years ago, and you covered it right from day one, that if we could have a competitive cost structure and also have competitive vehicles and quality and efficiency, that our commitment was we were going to make cars in the United States to compete with the best in the world. All the actions weve taken in the last seven years and resizing of ford to match production to the real demand. Were announcing a fusion made in the United States competing with the best in the world. Stuart okay, would you agree with the following statement the bread and butter of the ford Motor Company is still the ford f150 . Right . Well, the f150 is a fantastic vehicle and its a tremendous contributor to fords success. It has been, stuart, as you know, for nearly 37 years the number one vehicle in the United States. And also, the fseries is the number three vehicle in the world. Worldwide. But, really, with ford today the transformation, if you want a small, medium or a large vehicle, a car, utility or truck, you can get a best in class a fiesta up through the fseries in ford. Stuart you know, i think that the investors are liking what youre saying, because your stock is now up 1 1 2 and well above 16 cents a share right now. Alan mulally, always a pleasure, we love that smile. Thank you for joining us. Stuart, its great for ford and great for america. Stuart thank you. Dow jones industrial average up 13 points. We started out to the down side, not by much, but were up 12 now, im going to call it pretty much dead flat. You listen to Charles Payne at all, then youre making real money on the stocks that he recommends, especially lumber liquidators, weve got the ceo of that company in our next hour. You know, he really is a true american success story. You just wait till you hear it. The Dow Jones Industrial average is now up 8 points. Okay . I want to go for a full he can ch check of the market. The word of the day is delay on syria and were now at 109 for crude oil. The dow is up. Delay is affecting the markets, but not by much. The nfl making a deal with google to put games on youtube. Youre going to hear from someone who says this marks the beginning of the end for cable tv. Say it aint so. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Voted best Investment Services company. Nascar is about excitement. But tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. Thats why we partnered with hp to build the new nascar fan and media engagement center. Hps Technology Helps us turn millions of tweets, posts and stories into realtime Business Insights that help nascar win with our fans. Ask me what its like to get your best nights sleep every night. [announcer] why not talk to someone whos sleeping on the most highly recommended d in america . Ask me about my tempurpedic. Ask me how fast i fall asleep. 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The price of oil is down, but still at 109 a barrel. The price of gold is still above 1400 an ounce, but only just. Its down 10 thus far this morning. Check gamestop, a little bounce back after yesterdays big drop. Remember we put this on death watch a couple of months ago, its up almost 60 since we did that. Right now its at 50 a share. Would you watch the super bowl on your cell phone or via youtube . Well, weve had a debate whether or not online streaming is going to take over. Our next guest says, yes, it will. Of course, he should because hes part of the deal. Martin is the ceo and cofounder of flowcast and he joins me now. This is what you do, isnt it . You put events on my smart phone and you think im going to watch the smart phone and not cable tv. This is what you do, isnt it . Yes, absolutely. Were very excited about serving peoples passionate interests outside of the big four sports and putting the sports that theyre truly passionate about and participation rates are rising in on the internet and starting to compete with the type of production quality thats on tv. Stuart now, if i, say, watch espn on my smart phone ive got to pay for that. I dont know how much, but ive got to pay, its not like im getting it free. Right . Absolutely, youre paying for a bundled cable package when you watch espn on your smart phone. Not only do you have to pay for espn, you have to pay for a slew of other channels that you subscribe to via cable. Stuart are you going to put something on my smart phone, flowcast and make it available to me for free . No, were also going to have a subscription model, but here is the point, stuart, were only going to make you pay for what you love and are passionate about. So when youre watching events that we do live, you subscribe to our service and watch the sports youre passionate about specifically and only pay for those sports. Stuart supposing, i with a nt to watch the big four sports on my smart phone and come to you, flowcast, how much are you going to charge me . The big four sports, no we dont, we do the underserved sports that have participation rates that are growing. Stuart do you do soccer . No, we currently were on wrestling, gymnastics, track and field and cycling. Stuart if i come to you for all four of those sports, i want you to provide that on my smart phone, how much do you charge me . We charge you 20 a month or 150 a year. And at 12. 50 a month. Stuart you think that this is going to put me im in Cable Television and been there all my life. Youre going to put me out of business . Stuart, the idea that Cable Television is bundled the way it is. You dont purchase anything like Cable Television. Imagine you went to the supermarket, and youre going to get all these groceries you dont want and pay for it. We dont purchase things like that. What i see in terms of google bringing the nfl on the internet is really just legitimizing the experience of watching live events off of table tv. Stuart i think thats the point, martin. I think thats it. Watch anything anytime, i think thats the point. Martin, we appreciate it, flowcast. Thanks, stuart. Stuart wouldnt you love to watch something that has nothing to do with politics, race is never mentioned, debt not part of the deal . I love it, i found it. My take on it is next. [ male announcer] surprise youre having triplets. [ babies crying ] surprise your house was built on an ancient burial ground. [ ghosts moaning ] surprise your car needs a new transmission. [ coyote howls ] how about no more surprises . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. Look at apple. Shares cant seem to hold 500. The tech blog called 9 to 5, says that apple is Trading Retail to handle tradeins. How much would you get for your old iphone, not sure, apple is at 494. Guess is the big winner, kids love their jeans apparently. The gain of 12 , look at that. Look who is leading the new york city mayoral race. New polls show it could be a tax the rich, bash the banks and reverse Charter Schools kind of guy. Weve got the full review of that at 10 00 and also a guy who runs a burrito chain joins us. Would he pay his employees 15 an hour to work the register . We will ask him. Ive been glued to the u. S. Open. Okay. Call it escapism, if you wish. If youre in the news business, you need an escape. I certainly found it in two matches i watched tuesday and wednesday nights. Here is my take on Victoria Duval and Venus Williams. Tuesday night, 17yearold ms. Duval took on an Australian Star who had won the singles championship two years ago. The crowd was rooting for the young upstart. Her dad was in the crowd, from haiti, and miraculously pulled from the rubble. The young victoria had a smile and grit. The game went back and forth and gripping and lo and behold, Victoria Duval won. The crowd went wile. Shes a star with an american accent. Last night an established star, Venus Williams, took on the player from china. What a match. Venus lost the first set, won the second, and the third went to a tie breaker after both players lost their serve several times. You could not tell who had the upper hand until the last 60 seconds, zheng won, but venus was smiles and good grace. 33 years old, out quickly from the u. S. Open, but a lot of class in defeat. It was great stuff both nights. Not a hint of politics. Victoria duval and Venus Williams are both black, utterly irrelevant. These games were pure sport, terrific entertainment. The way it ought to be. And yet, pure escapism. Ill be glued again tonight. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Its great. [ male announcer ] the best thing to share . A data plan. At t mobile share for business. One bucket of data for everyone on the plan, unlimited talk and text on smart phones. Now, everyones in the spirit of sharing. Hey, can i borrow your boat this weekend . No. [ male announcer ] share more. Save more. At t mobile share for business. Stuart no action yet on syria this thursday morning. As of now, delay is the word to use. Heres what we have for you right now. The other side of the debate. Conspiracy theories. Representative wants a vote in congress for the president acts. He is a California Republican and he is here. If you run a Fast Food Restaurant would you pay 15 per hour . We will ask a chain operator. Talk about risk. Hard work and drive paying off . Here we go. With syria looming, heres where the market stands. I am using the word delay 90 action so far in syria. Dow jones industrial average up 32 points. The price of oil down 0. 77 per barrel. The price of gasoline regular nationwide average 3. 56 up 0. 02 overnight. H says a minor spike may be coming. The latest read on the 30year fixedrate mortgages from freddie mac. 4. 51 . There is little change from last week. President obama, britain, france, to some degree balking on attacking syria. Senior fellow at the council on Foreign Relations. Welcome to the program, i want you to give the other side of the coin. We hear a lot about why we should attack, when were going to attack, what is the view from the arab street . The arab street has traffic going into directions. We have the gulf countries who want the United States to have attacked two years ago. Stuart is that group of countries so want us to attack now . Speak of the leaders will say yes, some of the population will say yes, but the arab league yesterday said they do not want the United States to attack syria. The other side of the traffic flow, which is more interesting is countries like egypt and iran, both u. S. Allies, both believe syria is being framed. Asad did not use chemical weapons. Asad is not losing the war, why would he use chemical weapons on an area he controls, is this u. S. Trying to frame syria for weapons of mass destruction in the way the u. S. Framed iraq hashta . Anything in the middle es prone to huge amounts of conspiracy theories and the more the United States government, white house, secretary kerry, joe biden, the higher the risk people say whatever the United States is saying is to support israel, western tendencies. There is all about in the mix. Whatever we say is not how things are seen in the region. Stuart what is the feeling amongst muslims . One group has attacked another and killed them with poison gas. Is there no repulsion here . Most have been here before. This happened in 2007. Yes, its ironic, yes, its hard to understand, but israel has done anything similar to what Saddam Hussein or asad in syria has done. There would be protests every day up and down the street, but mostly broadly muslim violence, maybe 20 of the population globally. Stuart muslims killing muslims by the millions now guessing by the hundreds, no demonstration on the street, nothing happens. We cant understand that. It is human nature. When the irish killed the irish, it is a different response. Stuart it is israel, america, the wicked christians, the jews. Speaker that is how the middle east acts. It is easy to blame the old crusaders. There is all kinds of machinery in the region that pumps that up it is a global conspiracy to hold arabs and muslims down in the world. Anytime these events happen it feeds into this global conspiracy against america and against the u. S. Stuart the president last night in an interview talked about a short and targeted attack. That is supposing he does exactly that. What happens . What is the reaction . The reaction is i suspect some level of protest the west is attacking another muslim country. The syrian president will survive it and appear on television the following morning define the leader of america. The arab league and others condemning it. They will attack with chemical weapons. Stuart you think israel and or turkey could be using chemical weapons . We are seeing evidence gas mask this vision has quadrupled in israel. In turkey they are taking preparations including from chemical weapons. We dont necessarily minimize the risk, the real significant concern is we might increase its its because the more you remove conventional military convention is the defense systems. Theres a real risk we are not paying attention to in the media hype to try and punish asad. Im not sure if United States punishing is the best option. Fueling those conspiracy theories against the United States. Stuart we wanted the other side of the coin, and we got it. We got verizon leading the s p on news of a telecom deal, they are talking about it. Lauren they are leading the dow. Contributing 12 dow shares right now. Vodafone also surging in london and the u. S. It seems Like Vodafone is waiting for the right price, upwards of 100 billion that is excellent news for vodafone shareholders. Stuart you really got my attention. Extraordinary. Thats numbers just comes right out at you. Thank you very much indeed. In the news today thousanns of fast food workers are walking off their jobs nationwide. Demanding higher wages, they want 15 per hour. If yourif you are looking for s and fries, charles is very hot on this story. What is your point . Charles you are leading the lambs to slaughter. The people who organizes our union back, very left organization, the Restaurant Organization is the main one. They have a loophole so it is called a working center where they can do things a regular union cant. All of the Economic Data shows if indeed these rates are somehow for some private enterprise, it would result in fewer jobs, not more jobs for people. Less opportunity, not more opportunity. There are several states that have higher federal wages, and almost all of them have higher unemployment rates than the rest of the country. California 8. 7 , connecticut 8. 1 . Illinois, 9. 2 . These are places with significantly higher minimum wages. Buit will not help the unemployment situation but it will help the unions. Somehow state and federal and him him wages were raised, many Union Contracts automatically trigger an increase in Union Salaries automatically. One of the main objectives they say is providing political and ideological support for unionization among immigrants and workers in the new sector of the economy. I had to tell you, this whole thing is so backwards. Corporate profits belong to the public domain. Their argument that one of the press releases that have talking about mcdonalds, the profits are up. Take a look at yums profits. The revenues are not up. It is growing in china, not america. Even if the profits were up, that is what you go in business for. That is why people take the risk and work the hours. That is the goal of business. If we ever start to change that, a business owes an employee extra money without earning it, we will disorder the system. They will get a lot of people out there, but they are leading the lambs to slaughter. Stuart cofounder of google separated from his wife of six years. I am sure that has no impact on the stock unless there is a huge divorce settlement in her favor. Lauren the stock is up 1 , but we are not sure that is because of news of the splits. Apparently this comes from the wall street journal blog. He is in a romantic relationship with another google employee. Just saying he sounds like a ladies man wit to me with a lotf money. Stuart thank you very much. We sit here in the middle of new york city, there is a mayoral race going on here. Although you may live elsewhere in the country, i am sure you do, you have to take a look at what is happening with this mayoral race because it could have some significance to you. The leader of the mayoral race on the democrat side has a commanding lead among the democrats. 36 of the votes. Anthony weiner is down the chain at 8 . Charles, this guy tax the rich, that is what he wants to do. Beat up on wall street even more in my opinion the worst thing ever is he wants to roll back the progress made on Charter Schools, School Choice in new york city. He may be the next mayor. Charles i think all the democrats are from the same hymn sheet. I do want to talk about how new york could become detroit, this would be the first giant step toward it. Stuart if i were voting, it would be Christine Quinn amazing enough. At least she would keep Charter Schools going. Charles exactly. Stuart this guy built a company from the ground up. A real american success story. London liquidators. Talking to ceo, tom sullivan. One of Charles Payne favorite picks. Mr. Sullivan is coming up. Make it happen with the allnew fidelity active trader pro. Its one more innovative reason serious investors are choosing fidelity. Get 200 free trades when you start using active trader pro today. Then youll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath . [ exhales deeply ] [ male announcer ] well there is biotene. Specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene for people who suffer from dry mouth. Folks have suffered from freent heartburn. Butetting heartburn and then treating day after day is a thing of the past. Block the acid with prilosec otc, and dont get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. Zero heartburn. Stuart first russia, now belgium. Keeps racking up passports of the decided to leave because of that countrys failed attempt to get a 75 tax rate on the rich. An honorary citizen of belgium. Last year Vladimir Putin granted him russian nationality. Is there anything else to add to this, charles . Charles i think the news speaks for itself. Stuart a couple years retailers in the news. Both stock prices way up. Urban outfitters, that is a Charles Payne stock up as well. A stock buyback going on. Charles i went to supreme, a small store, california, new york, urban outfitters, they did not mess with it at all. An hour and a half weight in line, every person from 1531 wants their close. Clothes. They have 30 sales last quarter. That is just absolutely amazing. Stuart they throw me out. Charles me know me. I have dropped a lot of cash. Stuart ever get mad when youre out and you cannot get online . Charles has a company trying to change that. Cannot get away from Charles Payne. Charles ubiquity. This country is revolutionary. Relatively new company that has been up and down. They just reported record profits, earningspershare 42 . Sales outstanding, cash 47 million out of 101 million revenue. They are setting records with their products, in huge demands. Ultimately somebody has to take them over. It is worth chasing in my mind. Stuart it gives rise to the english word ubiquitous which means wherever. You can get online wherever with ubiquity. Now if youre renovating your home, your shopping at lumbar liquidators quite possibly. I wonder charles has been so hot on this particular stock. Guess what, tom sullivan. The epitome of a selfmade man. Right from the getgo you will give me 30 seconds and how you got started and how you got so big. But you only have 30 seconds. I started as a contractor, started doing contracting, over the years i tried many other businesses. After 10 years of that i started buying lumber from a mill rather than a local lumber yard and found a place to store it. Started seeing leftover lumber that was weathered, actually damaged it did not look that good, so started buying it and selling it and was a lot more fun then contracting so started doing that and kind of a Hardwood Flooring part of it and january 5 opened our first lumbar liquidators store and started specializing. Stuart what our total revenues . Were public may also have to be careful what i say. Last year i think we did about 800 million. Over 300 stores right now in u. S. And canada. Stuart a man who is so successful, such an entrepreneur, a gogetter, such a wealthy man, why did you hold a fundraiser for barack obama in your own home . Why did you do it . Personally i like him, i dont see whatever briel says it is such bad for business. Stuart you think it is okay to hand over more than half of their income to state and federal income taxes . You think that is okay . No. I think it should be a flat tax to start with personally. Stuart did you suggest that to president obama . I was involved with another business. Stuart the are sort of a crony capitalist. I was presenting him with hydrogen, he supports renewable fuel. Stuart were you asking for a subsidy . No, we can do it without any government help. We would like tax incentives to build hydrogen stations and in general even as a country we need to be looking at alternative fuels even if it is something i am not involved in. As a country. Stuart a proven track record with lumber and now you are thinking alternate fuel, hydrogen. That is important to our viewers. Out of your established box moving it to another box. That is important. I bought a company part of electioelectric hydrogen. Stuart you are worth a billion dollars now, arent you . Not me personally. I am more libertarian. Stuart what on earth are you doing entertaining the president who is all government all the time . He gets a bad rap, especially here. Stuart especially here, what . Are you glad you came on the show . Will you ever come back . Of course. Stuart thank you very much. Should president obama be allowed to attack syria without congressional approval . California republican, we found one, California Republican. So dont do it, he is after this. The boys used double miles from their capital one venture card to fly home for the big family reunion. You must be garths father . Hello. Mother. Mother traveling is easy with the venture card because you can fly any airline anytime. Two words. Double miles this guy can act. Wanna play dodge rock . Oh, you guys and with double miles you can actuay use, you never miss the fun. Beard growing contest and go win whats in your wallet . Stuart i still had to say it is a go nowhere market. The syria invasion was being talked about. Of 32 points, some of that is Oil Companies as it has been in the past. Would you pay 15 for a spatula . Apparently not. Weaker sales the second half, the stock is down almost 2 . Possible delay in attacking syria . That is driving down the price of oil today. Sandra smith at the cme. Have i got it right, sandra . That is why oil is down. Sandra the word down here is there are doubts this tripe we can happen and even if it does happen, you are seeing those fears come out of the price of oil, now back to 110 per barrel, gold prices down for 10 around 1400, but it is not all syria, betterthanexpected news on the u. S. Economy that has some speculations on the Trading Floor maybe the fed will start to exit the bond buying program. Better news on the economy and the respect which the dollar is up, commodity goes down. Stuart you have to bring ben bernanke into the picture showing 2. 5 growth. Is that Strong Enough for him to continue printing . It is a constant debate. Im sure youre in the middle of it as ever. Sandra will do. Stuart lets bring in the congressmen, a republican from california. He says they give sole prerogative to congress to declare war. Anything else would be unconstitutional. Welcome to the program. Thank you for having me. Stuart are you demanding a vote in congress before the president is any military action . Absolutely. James madison, the father of the constitution said its most important feature was reserving the question of war or peace. Stuart in the past, they have taken military action without consulting a vote in congress. Why should president obama be any different . Spiegel gives the president very limited authority to retaliate against an attack or repel an attack. Specific wording is an attack among American Armed forces, or possessions. There has been no such condition that this is solely the probative of the representatives of all the people to make the decision before launching a war and as you know they have a very nasty tendency of taking all sorts of unforeseen directions once they have begun. The First World War began with events that rapidly escalated, the middle east is a tinderbox, throwing imagined that tinderbox and walking away is utterly irresponsible. The Syrian Government, has blah, the rebels aligned with al qaeda, this is one the United States have to stay out of the. Stuart if there was a vote, you would say no. You say dont do it, correct . Correct. Stuart how much support is there for that view . I dont know because congress has not been called back in order to makex t that decisionf the sole prerogative. I suspect watching the debate unfold in britain, you will see a similar dynamic in america. Stuart what about amongst the democrats . It is guesswork on your part but do you think that party is split . Yes, i do. There is broad bipartisan skiba some of starting a war with syria given the conditions in the middle east and there are no good actors. We are acting as Al Qaedas Air force. Stuart talk about a short and targeted attack. He would not go over any of that . Once you have launched an attack against the government were at war with that government and the allies and you have no control over events at that point. All the military planning in the world is good until the first shot is fired. America has no strategic interest in attacking syria. You can set off a chain of events that could be absolutely devastating. The first recipients of a retell it for strike by syria and its allies they will be israel and you can see how rapidly it could escalate. The president has talked himself into a rhetorical box, he is now trying to save face and doing so in an utterly irresponsible manner. Stuart thank you for joining us. I wish the time to deal with the issue of gassing men, women and children. I am sorry we are out of time but we really appreciate you coming on the show today. Come back soon. We appreciate it. Fast food workers in the picket lines asking for higher wages. We will talk to the ceo of what some are calling the best fast food chain to work for. When he pay somebody 15 per hour to work a register . We will ask him the end nascar is about excitement. But tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. Thats why we partnered with hp to build the new nascar fan and media engagement center. Hps Technology Helps us turn millions of tweets, posts and stories into realtime Business Insights that help nascar wiwith our fans. An apple wants to cash in on a trade deal their customers and going elsewhere. You could trade in your iphone on amazon, apple wants to offer another trading deal if you go to one of these apples wars. They help customers cover the cost of the new iphone which will be the release of the new iphone 5s coming upfall. Interesting from apple but the stock is below 500 a share. After this winter and the new york exchange, kids are scooping up their genes, stock is up 11 , profits up too. Power is this for minimumwage . One bostonbased burr read a chain pays its entrylevel workers up to 10 an hour. That change at ceo says he feels he should pay them even more. Coceo of the Company Joins us now. Is boloco . Yes. Stuart strike of our cross fastfood chains across the country today. They want 15 an hour. Why dont you pay your the workers 15 an hour . We have a number of people in the company to make over 15 an hour. Stuart not people who work the Cash Register. Why do you pay them 15 . The industry we are in has traditionally made its money by controlling costs. You are always building sales but controlling food costs and one of the biggest cost is labor costs and one way to keep labor costs down is by keeping wages down and is a lot easier to keep wages down than it is to find better practices, boulder practices, more efficient practices that come through training. The default response to how do we keep labor costs down which is where your probabilities is to keep wages down. Stuart you dont approve of the government dictating 15 an hour or any of the minimumwage . You dont want to dictate from government . I dont really care about the government. We have to work beyond the government, we have to work for the betterment of our people and our business and our shareholders and it comes down to what is the right thing for growing the business and really for having a sense of fulfillment the we are doing the right thing so we look back in 10 or 20 years we know we were part of the few businesses today but it will grow that did the right thing for its people and in the process built great profitable responsible businesses by helping people as opposed to doing Everything Possible to keep wages down, were constantly looking for practices and ways to bring wages up. Stuart so your secret is productivity. At a Cash Register they are taught how to do more in the Time Available land that is how you pay them a starting wage of 9. 50 an hour. We start between 9 and 11 and is 9. 50 now. Should be 10 at this point. The one thing the caveat is you have some parttime workers who are College Students and their not in this livable wage category. But it is not just about productivity. It is about connecting with guests and your customers and building in loyalty that drives people back and that alongside productivity is what builds sales and profitability and in that case you could pay people a lot more than we do. Stuart but you have a lot higher price structure. Is higher than mcdonalds or wendys, a traditional superfast shed food. You are more upscale. Your average check prices significantly above mcdonalds. Therefore 7. 50. Stuart you can afford to pay your counter people more money than 7. 25 minimum. One could say that but the reason our prices are as they are is primarily driven by the quality of the ingredients we use and the responsibility of the ingredients. Let me give you one thing we think about all the time which is we use the highest Quality Ingredients available, responsibly raised meat, organics, and we are willing to pay more for that and the humane treatment of animals. When we increase our prices because of that generally speaking the customers have said we will pay. What about the people . What about highquality people . What about paying for people to come in and have high quality lives what we want the callous and happy lives . How does that work . We are trying to work that into the balance. Stuart we hear you. 9. 50 to start with. Much higher going forward. Up to 17 today in a number of cases. Stuart thanks for joining us. The dow is up 58 points, worth noting. Little bit of a breakout, 60 points higher, 14. 83. Vice President Joe Biden said he would impeach president bush if he attacked iran without congressional approval. President obama might say the same thing with syria, might do the same thing with syria, john stossel ways in next. One thing is clear. If he went to war in iran without congressional approval, i will make it my business to impeach him. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving ts communal seating. Its great. [ male announcer ] the best thing to share . A data plan. At t mobile share for business. One bucket of data for everyone on the plan, unlimited talk and text on smart phones. Now, everyones in the spirit of sharing. Hey, can i borrow your boat this weekend . No. [ male announcer ] share more. Save more. At t mobile share for business. Stuart new numbers showing the economy expanded at an annual rate of 2. 5 between april and june, better than first reported, still not good enough. The latest read on jobless claims, 331,000 people filed firsttime benefit claims last week, claims have remained at a five year low since late july. Googles founder reported separated from his wife of six years, not legally but they are living apart for some time, have two children together, remain friends we peer, reportedly will not have any effect on the company. Stock brings absolutely. Next, remember when Vice President biden threatened to impeach george bush of the attack iran without congressional approval . President obama may be about to do the same thing with syria. To make their money do more. ann to help me plan my next to make thmove,oney do more. Take scottrades free, inbranch seminars. Plus, their live webinars. I use daily market commentary to improve my strategy. And my local scottrade Office Guides my learning every step of the way. Because they know i dont trade like everybody. I trade like me. Im with scottrade. Nnouncer scottrade. Ranked highest in Customer Loyalty for brokerage and investment companies. All your imptant legal matters in just minutes. Protect youramily. And launch your dreams. At legalzoom. Com we put the law on your side. Stuart campbells soup, Fourth Quarter loss, it is the big loser, got to tell me how big a loser it is. Diane the big loser in the s p 500, stock is down 2. 8 out with quarter been numbers last night, profits better than expected, revenue of 1. 82 million mixed, the issue here and campbells soup has been buying a lot of companies, u. S. Soup sales so weak for so many quarters in a row they are expanding some organic cookies and they did sell european units and a charge related to that sale is another reason stocks fell. Stuart thanks very much. Just take a look at the dow industrials, something of a minor league break out in the last few minutes, a 74 points, close to 49 again. Maybe this is a reaction to the what looks like delaying, no immediate action in the sea area situation. Maybe that is why the dow is at 149 and why oil has dropped down 109 a barrel. Syria still dominates the market. I dont have time for change. Then, senator biden called for the impeachment of president bushs peer attacked iran without congressional approval. Now president obama might be doing the same with syria. We spoke to a congressman earlier in the hour to said the president cannot act without permission from congress. John stossel is here to weigh in on that. Do you think the president needs a vote in congress before he uses military force in syria . John we havent had a clear approval since world war ii for and the war, korea, vietnam, grenada, panama, bosnia, afghanistan, iraq again, libya, no clear declaration of war polk a constitution suggests it doesnt actually use the phrase declaration of war and the president says i have Constitutional Authority to conduct Foreign Relations as commanderinchief, so if they overreach whatever they want. Stuart you are a libertarian. Do you think we should have these foreign entanglements . John i would say libertarians are split on this so most say we should have far fewer. We cant afford it and we make new enemies by trying to police the world and once we go when we almost never get out. We have 50,000 soldiers in germany, 30,000 in japan, i thought those wars were over but we dont leave. Stuart what about polk moral question . Almost said Saddam Hussein. Assad looks like he has gassed his own men, women and children. That is a horrific event. Do we have a moral responsibility to punish him for that . Or would you still say stay out . John would still say stay out. I want to punish him, he infuriates me, i want to kill him personally but horrible things, rwanda happened, all over the world and we, by trying to stop the make more people hate us, put ourselves in more danger. What is obama going to do . Lets say he misses assad, what does that accomplish with billions of dollars in missiles . Lets say he kills them . Is a new group going to be better . They may very well be worse. It is arrogant to assume just by acting week and do something and all these democrats who used to be running a limited military are all gungho we are going to solve the worlds problems. Stuart got to support your own party. John we can fix everything. We can fix health care, we can cure poverty, we are the government. Stuart we are only here to help you. John stossel, excellent stuff. Your show tonight is on what . John detroit. Happened in detroit. Will happen to you . John in new york. Stuart thanks very much. Walmart, a big importer, put chinas economy on the map back in the 80s and 90s. Now walmart will make more products in america and sell them. That is next. [ male announcer ] how do you get your boce . Im, like, totally not down with change. But i had to change to bounce dryer bars. One bar freshens more loads than these two bottles. I am so gonna tell everyone. [ male announcer ] how do you get your bounce . [ woman ] time for change Stuart Walmart is a huge importer from china, now is going to sound more made in america products. Liz macdonald is here. Is this a new policy . Liz this is a big push by walmart under attack by the Labor Movement and a lot of their workers have been found to be on welfare so the push is getting more American Made products in their stores and that will create jobs for the United States. That sustained pushes a big pr push for walmarth governors and executives and manufacturers in the u. S. Stuart price is their big deal. Can they get something made america cheaper than if it were made in china . Liz that with the problem in the 90s. Fifty billion dollars is what they want to buy, walmart wants to buy 50 billion of American Goods over the next ten years and what i want to know, walmart needs to clear this up, all of groceries in their store, all of american grown groceries so what part of that is actually grows trees and not gadgets or Home Furnishings . Stuart 50 billion more over a decade. Liz fraction of sales. Stuart the white house has confirmed it has not looked closely at janet yellen when it comes to a different candidate to succeed ben bernanke as chairman of the fed. Not taking a close look at her implies to me that Larry Summers do they have taken a close look at, he is the guy. Liz the thing is Monetary Policy is set by a small fraction of 20,000 or so people at the federal reserve. What do want in terms of fed chairman . Someone with firefighting skills, Larry Summers has been in the forefront of things like the mexican debt crisis, the asian debt crisis, the russian debt crisis. Is that what they want or do they want somebody who is a great prognosticator . Janet yellen called the housing bubble, sub prime derivatives were a problem and inflation would not be a problem. We dont know where Larry Summers comes down on the money printing that is going on. Stuart i thought janet yellen was a shoe in. You see now, academic, berkeley, she will print more money. I thought she was the shoe in on those counts but apparently not. Liz she would be the first they all rich. Liz she makes fifty million, assets fifteen million disclosures in the range ben bernanke is a million or so and gets most of his money from textbooks. Most of those fed governors are millionaires according to the fed disclosure documents and she is in there with her husband with a sweet pile. Stuart thanks very much. We will continue this extravaganza in one minute. And opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it wor on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . Before you know it, the definition of rich in new york will be have to lowered to 35,000. They have already been leaving in droves. Keep it coming, please. I am appalled at this mayoral race in new york. They all wants to tax the rich, beat up on wall street and andbill de blasio must reverse all the progress new york has made on Charter Schools. Liz bill de blasio would be a disaster as mayor. He would be one of the worst mayors be ever have had in new york city at a time we need a mayor to maintain Economic Growth of this city. Taxes have gone up, new york is a tax hell according too many. Up there with cities in california. Stuart Christine Quinn at 21 . He is 15 ahead of Christine Quinn. Christine quinn is the only candidate that would maintain School Choice, Charter Schools. The only one and she is losing badly. Bill de blasio would reverse all the progress. Liz the fact remains the population role, and they have studied this seriously see the roles of the upper bracket leave since the early 80s and those are the ones who create jobs. Christine quinn wants to create jobs with Small Businesses. Charter schools taking empty buildings getting kids in the bronx and harlem and the buildings to get bonuses. Teachers actually like it. My niece is a teacher of a Charter School in new york city. Stuart tell her to vote in this election, please. Connell, it is yours. Connell thank you very much. Things are wrapping up overseas with the u. S. Sending a fifth destroyer to the mediterranean. After russia said it was sending ships to the region. We will retaliate, that is what is coming in from the Syrian Government today, the regime and allies, namely iran, as they wait to see what the u. S. Will do. The german leader Angela Merkel pushing Vladimir Putin to get on board with International Response to syria. He would say this is the moment for leaders. Where are they . Neil cavuto will step in to talk about it later this hour. And raising the global economy. The overall growth in these countries now matching that of the worlds economic powers. Money well spent, or maybe not