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Your 401 k is doing even better, your Mortgage Rate is coming down. Are those gold coins for the kids . Forget about it, up 50. And what happens when the printing stops . The word crash is coming up a lot. In d. C. , the word is confrontation on food stamps. Obama care and debt soon, both parties split. One winner in the 400 million lottery, peanuts. Brand theft auto makes over 500 million in one day. Smile, youre making money and Varney Company is about to begin. E. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. 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. A big surprise from ben. Ben keeps printing. And gold up huge. This is the big mover all over again. Right now its up what, 57. Another 57. The dow is set to go up some more as well. It will open, by the way, from a record high. What happened to 3 on treasuries . That was an age ago. Rates dropped as soon as ben said no taper. 2. 7 on the 10year treasury. Maybe you are pleased to see your money grow, but not happy with ben and the printing. Here is what you said on our facebook page. Ron, i hope i can time the market when the anvil comes crash down. Susan says, trying to get my business off the ground, a little bit of that would help. And jackie says take advantage now, its going to get ugly. Shes not the only one saying that. Joining us by phone is former fed economist, david jones. A lot of people are thinking a crash is coming when the printing stops. What about you . Well, it will be close to a crash, stuart. It was very surprising, the world expected fed chairman bernanke who pull back on the Printing Press and he did not, i thought it was a weak performance by the fed chairman. Once that party stops and i think it will stop before the end of the year, the fed will be papering, there will be a big hangover in the stock market and i think a very sharp decline in stock prices. Stuart telling it how it is, david jones, thank you very much indeed. Its not just ben and the markets thats making news today. Confrontation looming in politics, the president versus republicans, republicans versus republicans, democrats versus democrats. Food stamps, the budget, the debt, obama care, theyre the issues and its close to high noon at the d. C. Corral, the president using very strong words threatening the g. O. P. You have never seen in the history of the United States the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. [ male announcer ] now, taking care of things at home is just a tap away. Introducing at t digital life. Personalized Home Security and automation. [ lock clicks ]. That lets you loser to home. Thats so cool. [ male announcer ] get 100 in instant savings when you order digital life smart security. Limited availability in select markets. [ male announcer ] 1. 21 gigawatts. Today, thats easy. Ge is revolutioning power. Supercharging turbines with advanced hardware and innovative software. Using data predictively to help power entire cities. So the turbines of today. Will power us all. Into the future. Folks have suffered from frequent 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. She took an early spring break thanks to her double miles from the capital one venture card. Now what was mrs. Davis teaching . Spelling. Thats not a subject, right . I mean, spell check. Thats a program. Algebra. Okay. Persons a and b are flying to the bahamas. How fast will they get there . Dot you need distance, rate and. No, all it takes is double miles. [ all ] whoa. Yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. Youre the worlds best teacher. This is so unexpected. Whats in your wallet . 45 seconds till the action gets going again, were expecting the dow to open higher. In chicago, Scott Shellady is with us. Take a bow, you called it, no taper. So now this. When does the money printing come to an end . When does he cut it back . When we have at least two months of strong economic figures in a row. Guess what, i dont see that happening this year and maybe not until the next half of next year. Were still in trouble and hes trying to borrow the growth and hes got no other choice. Stuart do you think we can keep rallying the stock market with the underpinnings of the economy . Unfortunately with that kind of market youve got no choice. Stuart thank you. Tend to your best, theyre cheering in the background there. The dow is open. Were up and running and were starting from a record high and were up two points, down a fraction now, 15,675 is where we are. To individual stocks, a couple of big names, you know them. First of all, priceline, do you believe that broke above 1,000 yesterday, the first time for any s p 500 stocks. It broke above yesterday, 996 as of now. And disappointing forecast from oracle. Soft demand, small arrivals cutting into its business, but its down only what, 9 cents, thats it. Take twos grand theft auto 5, well on the way to being a billion dollar seller. The game made 800 million in the first day. Any impact on the stock from na that, nicole. Stuart oh, yes, indeed. Up 4 this morning, at 17. 95 a share. So, were watching take twos grand theft auto. The fifth installment. 800 million of global sales and i have to tell you, i watch these video games as a mother, i cant even they have the mature rating. It retails for about 60. But look at the shootemup, beat em up, blood, grab the guy, i cant even, its hard to watch and these are the games they play,e children. Imus . Stuart wait a second, thats a moral issue. We just showed some video from the game. Its fantastic. I mean. Its cool. Stuart its lifelike and you control the characters, thats irresistible, forget the morality. This goes back to your whole football and Everybody Loves the violence and the thrill. If it was just like walk down the street and pick up a newspaper, what kind of game would would that be. Stuart 800 million when it first went on the market. Were up slightly for the dow. 7 points higher, 15,683. Close to uncharted territory. Back to the federally. Im with market watcher ed butowsky in dallas. And theres a Radio Station about ben and the markets and the same question comes up every single time. How come weve got a weak economy, but the stock market takes off . You want to explain it . Well, its a tough thing to explain because, you know, it defies logic for anybody who is trying to be logical about things. But the reality is that the markets arrive a lot of the Earnings Growth from outside of our borders. And what youre seeing is the rest of the world is not falling into a depression and because of that, youre starting to see stock prices rally on earnings and earnings forecasts. Now is this money printing, Going Forward . Is it enough to keep the stock market up there . You know, stuart, theres a lot of people out there saying as long as they keep printing money, the market goes higher and youve got to dissect the money printing. Fed policy keeps the fed funds rate and discount rate low. Thats nothing to do with printing of money. That only affects the long end of the curve in terms of yield. As long as they keep printing people say well keep seeing stock prices go higher. I dont agree with that. Even when we taper we could see it, when the market comes in. He keeps printing and we see a crash, i think thats intellectually dishonest. Stuart so far were printing a trillion a year, yeah, weve got lower Interest Rates, yes, weve got a modest housing recovery, but the economy is still weak and getting weaker. At what point. Absolutely. Do we say, this money printing isnt working, no matter how much we print. We come to that point sooner or lottery, dont we . I dont know the signs that show that it is working because the economy is so weak. So i dont really know and ive asked intelligent people on wall street, how does money printing impact stock prices and positively impacting the economy, and i have yet to hear anybody give me anything substantial. I dont know how money printing is helping the economy. You manage money for wealthy money, are you we have a balanced portfolio and regardless whether theres printing of money or not printing of money, well be fully invested and diversified que queen understood, ed butowsky, lets recap where we are on the day after the big announcement and rally. Were up 16 more points on the dow industrials at 15691. Youve got to look at the price of gold though, thats where the huge action is, price of gold up 57 an ounce right nowment and 1365. Dont forget Interest Rates. Coming down as the money printing flows on. That yield on the 10year treasury, the baseline for 30year fixed rate mortgages, 2. 71 . To nicole, the horse race stock of the month hitting a high . 4604, because every time i look up, it kept going higher and higher and higher and these are all time record highs for facebook and theyre working now with marketers to understand how the ads that people put on facebook translate into real sales so they can quantify that and have more ads and more sales. Stuart we get it, thanks, nicole. Thats markets and thats ben printing. Lets move on to the confrontation in washington. The odds of it rising, a 25 chance. The white house sending a memo to agencies, warning about a possible shutdown. Weve got a lawmaker who is willing to pull the plug. Representative Michele Bachmann joins our company. Good to see you again. Good morning, good to see you again, stuart. I dont want to put words in your mouth, but i think youre right in saying, yeah, shut the government down if thats the way we get rid of obama care, are you going that far . Its up to the president whether hes going to do it. Im going to vote for a bill that would keep funding the government. It would be president obama making that decision, what were seeing around the nation is that people want jobs created and the number one inhibitor to be able to create jobs is obama care. And so, this is it. We all know that people are about to be hooked on the crack cocaine of more government dependency under obama care. Once thats into place, everyone knows it will be virtually impossible to back it away. We have one last window of opportunity to delay or defund obama care and were taking it. Stuart thats obama care. What about the debt ceiling . By about the middle of october, we run out of money. Would you push the government to a stand still, a shutdown of the government on the debt ceiling issue . Well, again, its the same answer, what were looking at doing is delaying obama care for a year. I think democrats would be open to that, especially, a lot of the democrats that are running for the United States senate because theyre hearing from their constituents who are scared out of their minds about the premium increases and getting notices in the mail now, for instance, saying they know longer have health insurance. And we heard about walgreens yesterday letting a thousand people go off the Current Health insurance and put on a private parallel exchange market. This is happening over 250 businesses across the United States. Stuart thats true. That have already reduced so we have to do something. Stuart but its a political calculation, isnt it . You say its the president thats pushing. Its political, but economic. Its political, but its economic because were all about Jobs Creation and getting the economy back on its feet. Stuart if you shove it down, dont republicans get the blame if you shut the government down. Public doesnt want the government shutdown. We have zero plans to shut the government down. We have the full faith and credit act in our proposal on raising the debt ceiling and delaying obama care for one year, i say thats a pretty good deal for the American People. If the president decides hes going to shut the government down. Stuart it wont be seen like that. There will be problems. Stuart the public doesnt see it like that. Thats what the media says. Thats what the media says and thats not what were hearing from the American People, stuart. Were hearing, theyre saying to us, they dont want the government to shut down. They doesnt want obama care, they want us to fight for them. Lets face it, president obama has been willing to go to the brink to get his agenda through. His agenda isnt working. The American People want job creation, they want the economy to work, and theyre expecting us to put up the fight for them. Stuart we hear you. Michele bachmann, thanks indeed for joining us. Come again soon, weve got to follow this confrontation all the way through. Will do. Stuart where is the state of the markets . Okay, its thursday morning, check the big board after a rally yesterday. Now were down a point, two points, there you go. But still, 15, 674. Duelling Governors Square off. Maryland versus texas. Rick perry is going after marylands businesses, showdown. It happened. Well tell you next. Clients are always learning more to make their money do more. ann to help me plan my next move, i 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. announcer scottrade. Ranked highest in Customer Loyalty for brokerage and investment companies. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. 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[ male announcer ] how do you get your bounce . Longlasting freshness. This is the market thats moving. Gold. 1361, up 54 an ounce. Ive got a big name, you know, j. P. Morgan, and theyll settle charges of the London Trading debacle. The fine about 900 m millionment the stock is flat. And theres a fight between rick perry and the governor of maryland, martin omally. Perry tried to lure businesses out of maryland and try to get them to go back to texas and the two of them faced off over an ad perry is running in maryland, telling Business Owners when youre tired of maryland squeezing every dime out of your business, think texas. And the governor fired back, saying perry and other governors believe in the slash and burn, somehow believe that less becomes more. And Liz Macdonald watched cnn and reports on it now. An ugly fight. The fact that rick perry is taking it to maryland, theyre looking at the job growth, worse than louisiana, alabama and hes fighting back. The Maryland Governor is saying texas has more poor people and lower Median Income and more people without health insurance. Stuart maryland has the federal government workers, for heavens sake. And texas a tracts a lot of people because of cheap housing and the weather, a bigger population, but for rick perry to bring this fight right to maryland shows that the debate really is how the state governors run their states and thats where the debate is an important debate. Its a nationwide debate. Its a nationwide debate. Stuart and the taxes and texas does rank worse for taxes on mature businesses, but maryland, and the Maryland Governor didnt say this, maryland ranks worst on taxes for new companies where texas ranks better. And so both of those governors want to be the president. Thats right. Stuart i dont think either will do it. And maryland is talking how they want to tax small businesses. When hes talking about taxing the rich, the upper bracket, thats small business. Stuart didnt he define rich as 100,000 and above. He defined rich down to 100 grand. And ive got more, this is the confrontation issue and it arrives today on capitol hill. The house is scheduled to vote on a bill that would cut food stamps by 40 billion over ten years, and reduce benefits by from 4 million people. The white house says, yeah, its going to threaten this bill. And this is the coulden fronttation that were talking about on a variety of issues, but it arrives today on food stamps. It arrives on food stamps and youll see the fight center on this, ablebodied people should not get food stamps. They want a work means test in there for able bodied people and could knock 3 1 2 million adults off the program. Thats the deal. The able bodied people able to work, knock them off, thats what the republicans want to do. And bring it who its meant for, truly destitute that cant get jobs. It will push through. I dont know whether it will pass through the senate. A big fight i expect and theyre attaching it to farm bills, and whether it will be buried. But, this is again, the debate that the g. O. P. Has been wanting to have, saving the program for the truly poor and making people who can work get work, right . And it also brings up the poor Economic Growth in this country. People who are at minimum wage jobs through reasons of economic policies coming out of the states and washington d. C. At that has them in parttime jobs and minimum wage workers on food stamps. Thats where the debate should be. Why is the Economic Growth in this country so poor, so bad that people are on food stamps even while theyre working. Stuart i keep hearing the expression, food security. It popped up in the food stamp question. X number of people are worried about their food supply thats different from children are starving. Thats a different way of phrasing it. Stuart control the language, youre going to control the policy and the debate. And liz, thank you indeed. Here is a statement for you, ben bernanke is the most powerful man in the world. Thats my opinion and its my take and its next. My customers can shop around see who does good work and compare costs. It doesnt usually work that way with health care. But with unitedhealthcare, i get information on quality rated doctors, Treatment Options and estimates for how much ill pay. That helps me, and my guys, make better decisions. I dont like guesses with my business, and definitely not with our health. Innovations that work for you. Thats health in numbers. Unitedhealthcare. Add lent used to be a part of hewlettpackard. Its going to spin off its electronic business, and the thing is up nearly 7 . Housing news coming to you in a couple of minutes. The existing home sales number, a big chunk of the Housing Market. Trouble in housing is why ben keeps printing money. The numbers for you sharp 10 a. M. Eastern. And plus hes not laughing alt Steven Colbert. Wait until you hear what colbert did on his show that got levy so fired up. Ben bernanke is the most powerful man in the world, he runs the Printing Presses, he says, give me another trillion and it happens. Thats power. You may hate it, you may love it, but you cant deny it. Right now, ben has more clout than anyone. So, here is my take on impact. In a word, huge. Again, im not for or against ben and printing, im not arguing a position. I am reporting the staggering impact that yesterdays announcement had on money all around the world. Stock markets in india, indonesia, malaysia, thailand, japan, new zealand went straight up. Germanys market hit a new high. I cannot count the trillions in gains, oil up, copper up, gold way up. Bond prices zoomed bringing Interest Rates way down. All of this because ben bernanke told the world that for now, he would keep printing money at the rate of a trillion dollars a year. Japan did something similar and brought a nice little pop, but nothing like good old ben. He has global impact. However, you know whats coming, however, you have to be a little troubled when everything goes straight up and the economy is going down. Ben is propping up president obamas failed economic policies. Ben is telling us the economy is fragile, but the world is holding a massive party. So, here are the questions that are already being asked. If you cant stop printing now, when can you . And if you never stop printing, arent we all living in a fairy tale land . And what happens when we unplug the Printing Presses . Im not going to try to answer any of the questions right now. Im just looking at bens power and his impact. Of course, impact works both ways, doesnt it . You know, at some point, we will probably be here reporting on the down side of all of that printing and impact. For teaching us that you cant create the future. By clinging to the past. And with that youre history. 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And trade with papermoney to testdrive the market. All on thinkorswim. From td ameritrade. Nice car. Sure is. Make a deal with me, kid, and you can have the car and everything that goes along with it. [ thunder crashes, tires squeal ] so, what do you say . Thanks. But i think i got this. [ male announcer ] the allnew cla. Starting at 29,900. And this pk is the inside of your body. See, the special psyllium fiber in metamucil actually gels. And that gelling hes to lower some cholesterol. Metacil. 3 amazing benefits in 1 super fiber. Then keeps printing bailing out failed obama policies. Investors love it. Gold to the moon, lot going on pluses. Another sharp edged editorial on the president. Dan henninger wrote it and he is here. Another blast at ban from the judge. If you like bold youll love judge Andrew Napolitano and he is here too. The beanie baby guy with the secret overseas bank account in declared in full, 53 million in fines and andy levy is here. Steven colbert mocked him. Jimmy the robot did uses here. No clue what this e t look alike is going to do for me. Sorry. I am still on. I have to tap dance for five seconds because that 10 00 which is right now, we get existing home sales and the number is, drum roll please. What was that . 5. 48 million existing home sales, the highest rate since 2007. Up 1. 7 august versus july. 5. 48 million homes per year being sold. Existing homes being sold. That is not a bad number. I am happy because i think we were going to see existing home sales go down a little bit. This is a great number for housing. Stuart i dont know if investors are doing about buying or youngsters, 20 or 30 somethings buying a house, a home as opposed to investors buying a house. Any breakdown . Your customers, you still realestate. They are investors, all of them. Not all of them but lot of my clients are investors including big funds and we are seeing a lot of tools come back to the market that these are picking up. Those numbers are being inflated by investors. Stuart you must be celebrating ben bernanke printing money because Mortgage Rates will come down and theres a lot of money sloshing around out there, you are nodding your head sagely. You love ben. It is bittersweet because there is a fallout in the end with inflation but it is great for housing right now because we have to get polk firsttime homebuyers back in the market. We have to encourage people to buy homes that are going to live in them. I love my investors, selling investment properties, renting them out. That is money in my pocket. We have to get to a market where people who are living in these homes are buying them. Stuart it occurs to me that maybe the pace of existing home sales is slowing down a bit, up 1. 7 in august over july versus the 6 gain in july over june. You could read that as a mild negative that things are slowing down a little bit. I dont expect that you have seen that because you have these investors clamoring to give you some money but that may be a bit of a slowdown. It is my favorite word, stabilization. We are starting to see the Housing Market stabilize. That is a good thing and i will keep saying it because we dont want to see large spikes. Large spikes mean we could come down. We want to see a steady number in housing. Stuart you think that is what we are seeing. I do. That will pull back from 6 to 1. 7 is a good thing. The other thing i thought was really interesting this week was the Mortgage Bankers association came out and said applications were up 11 . That may be because ben was about to raise the rate but that is a good thing because mortgages are coming back where 30 of the market has been cash. Stuart i got to go to Nicole Petallides and see the Home Builders after these existing home Sales Numbers and freddie mac came out and said the 30 year fixed rate loan is pegged at 4. 5 zero , it was 457 last week. Nicole looking better after the latest numbers, moved into the green ever so slightly. Moments before this they were all to the downside. They had huge gains efta as the fed kept everything the same. Everybody thought Mortgage Rates would be lower. The Group Overall reacted to the fed news and took off. Today it was wait and see mode on this news and since it was good you see the market mixed so they are moving to the green. Stuart thanks very much. I have tanya standing by and we will talk about that car she bought and took advantage of my subsidy. We will talk about that for a second. I will show you the price of gold still nicely up, 56 higher. Charles, what we normally ask you about the stock market. I will ask about gold. Why is it up . Charles it is interesting. Put this in proper perspective. It is down 400 from the high and all the central many bank printing around world by this point we should have been at 2200, 2400. It found support at 13 and people, a relief rally in gold. Stuart is bold rallying because the dollar went down . Or is gold rallying because people think inevitably when all this money sloshes around you get inflation down the road . Charles it is the latter. People are i think a lot of people think ben bernanke blew it. This myopic about an opportunity to put the fed to do something that will harm wall street that everyone was waiting for and welcomed with open arms, myopic about what his mission is. It is not just him, but because of d. C. And other factors but what is it going to take to turn off the spigot when inflation a lot of people know inflation now but the official number even in the official numbers he is not going to flip this thing like the light switch. Stuart cant just do that. Charles he has the arrogance of thinking that he can. Stuart all of our viewers are saying liz he can flip a like a light switch by raising rates. A huge effect on the markets and the economy. Stuart i would imagine he would anyway. Tanya is still there paying for satellite time, we got to use it. We have a bone to pick with you. Every american. Stuart a little background. The Energy Department is selling the 192 million loan it made in 2009. It is selling it. Pennies on the dollar. It is not in good shape. You are taking advantage of my taxpayer subsidy. You ought to be ashamed of yourself. You make me feel so bad. I love my car so much and i think the american public. But i do think we will recoup pennies on the dollar. I am sorry to all those americans who put taxpayer dollars in but i do love my car. Stuart it goes fast, it is smooth, it is quiet, doesnt run out of juice. I have a nice mercedes and daimler of mercedesbenz, but i will never not by an electric car again. Is the most amazing thing i ever purchased. I have an s 150 some odd balance it out when it comes to gas and Everything Else but i absolutely love it. Stuart you never buy another non electric car again . Really . No. Honestly. First of all i put in 30 of gas and i get 450 miles. I get to drive in the carpool lane. This whole thing is amazing. I can go into the office at 8 00 a. M. When everyone is looking through traffic and i am not. Stuart you made so much money are still worried about the price of gasoline. Charles made money in the first place. And teconomy. When ben doesnt even believe in it. Stuart all this free advertising from varney and company and a subsidy from us all and walk away laughing. You are out of here. I dont know how it gets any better. Thank you. Stuart good stuff, thanks very much. New revelations in the irs scandal. The daily call reporting the targeting of Tea Party Groups was inspired by coverage in the Washington Post. Give me the story. Liz the irs takes its cues in washington from columnists. He sensually saying that the irs workers were looking more closely at the Tea Party Groups because of media coverage. Stuart what did the Washington Post say . Liz some columnists equating them to militia groups saying they were smoldering with a anger equating them with a brand of patriotism, the ku klux klan. For the irs to be doing this, for decades has been using the media reports to direct what it does. Why not stick to the law . Stick to what the law says about whether they can do education will things like the Tea Party Groups are trying to do. Stuart i dont think the irs agents were inspired by the Washington Post. I think they were inspired by the desire to beat up the tea party and about president obama. Liz the sensitivity do to me via attention, this is why we will classify these groups, direct them to cincinnati, again and again this is a scandal, the white house wants to go away. This is the most explosive scandal that can hurt the president besides ben gauzy and that is what the irs does in political abuses. That is what white house does not want. Stuart thank you. Back to Nicole Petallides, write a stock moving hire. More money than expected. Where is it now . Nicole it is looking great, hitting a new high, levels we have not seen since 2007, up 13 . Facing serious competition with cbs and walgreens but they have come out talking about highmargin generic jobs that helped write a along and you can see the popped this year, the stock is up over 200 this year. Is a 211 why you see that major powder, there it goes. Stuart i got to give credit where credit is due. I remember distinctly you were talking about right aid when it was in the 2 range. Charles 2. 86. April tenth, april eleven, may and june pounding the table on this and a lot of years bought it because they send emails. No one send me one day. Stuart malware is four times now. Where do you see it going . Charles i havent had a chance because it was a crazy morning. I sit down to our subscribers saying we will raise our target, holding it for right now. The flip side is taser we did take profits from. Stuart that went straight up. You like it, it went straight up but you took sold it. Charles i will buy back. I love the long term theory. Stuart i didnt take profit. You sold the thing. Charles times i we made 40 in two weeks and took profits. Stuart i will never suggest you speak english again. Charles you are my english teacher. You helped me a lot and i have a long way to go. Stuart take that. Guess who was so fired up about what ben did yesterday he sent an email saying slowed, no uncertain terms. The minute the news came out he was on the email system. Is 20 hour wait is over. Judge Andrew Napolitano is here. 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. Folks have suffered from frequent 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 never mind the power ball small potato. Look at grand theft auto 5, route well on its way to being a 1 billion selloff, to 800 million in the first day. Not bad. Look at facebook, not losing momentum. Another new high right now, 45. 62. Charles is going to make more money, pretty good track record, gte advanced technology. I dont know what it does. Charles this is a wild one, up big making a nice break out. They are involved in glass, safire. I dont know, as your phone ever cracked broken . It is a big deal. The sapphire you make for this seems stronger, the diamond, it is three time stronger than the glass we have now. Backlog for this product has grown exponentially. That is the drive stuart they make fabulous glass screens for phone that wont break. Charles it will take a lot more to break in. Stuart you are recommending an hour after it has gone up 13 today. What a guy. Charles i think you will be a grand slam. Charles stuart with the other when . Charles coming later. Stuart with bated breath we await a more conservative one. Wait for it, here it comes. Been going to keep on printing as soon as the news came out yesterday at 2 00 p. M. Eastern time with got an email from the adjourn Andrew Napolitano. What is wrong . Judge napolitano in the d. C. Bureau yesterday everyone was commenting and you did as well on neil cavuto, you really agree with me but dont want to admit it for the sake of this conversation that the market had a remarkable turnaround when ben bernanke unexpectedly announced as a swan song to his friends who like cheap, easy, free, printed cash, wall street crowd, he would buy another 85 billion worth of bonds, basically creating the money out of thin air. Stuart this will produce a bubble. Judge napolitano this is artificial. How is this going to be paid back . How can we claim this is prosperity when we are passing along printed value less cash from a bank that has the authority to do this to the pockets of profittakers on wall street. Stuart may i explain . How will this be paid back . It doesnt get paid back because it is not borrow money. The Federal Reserve has a big chunk hold on. 3 trillion in the coffers because it has been putting it out there, buying paper and paying money for it. That puts money into the economy. Hold on. Hold on. 3 trillion in the coffers and when it wants to reverse that it starts selling the paper that it has got, pulling money back in. It replaces it. This will judge napolitano this will produce another and sustainable bubble, and artificial government orchestrated and natural accumulation of assets in a place where it doesnt belong. Stuart you said that i dont know how many years ago when this money printing started four five years ago. It will create inflation. Wheres the inflation . Judge napolitano it would create inflation, i may have said that, theres no inflation now, the fed wants more information. That is how wacky they are. They want prices to go up but it did create a blend will create another bubble. Stuart wheres the bubble . Judge napolitano the bubbled of 2008 was a housing bubble not orchestrated by the fed but by the government manipulation of the market. Lend money wherever you want and we will buy the mortgage. Take all the profit you want because we will print the cash. That is unsustainable. Stuart is this a stock market bubble . Identify the bubble . Judge napolitano i cant identify a bobble but i see something summing when profits are taken on artificial cash. Suppose janet yellen stops the printing. What will our friends on wall street do . Down, down, down, down. Charles i have done research and last time you said hydrates we pulled back one time, 7 and the the time 5 , we had rallies of 44 months or 70 months. My problem with the fed to be quite frank with you is the money doesnt get to main street. It only giving the federal government money and the big banks money but people watching this show havent got that money and they are on the hook for any risks created by this. Stuart they got a lot out of this, 401 k , college savings, ira, pension. Judge napolitano 401 k generated by an announcement thursday afternoon that the fed will print 85 billion is an artificial increase that cannot last and cannot be sustained because at some point the printing must stop. Agreed . Stuart at some point the printing must stop. Judge napolitano all the cash will be utterly value less. Stuart that is your prediction . Judge napolitano is not my prediction, it is like saying 2 plus 2 4 is your prediction. If they keep printing 85 billion every month eventually what is in our pocket will not be able to buy a loaf of bread. Charles the irony is they want it to be worth less. Than want it to be worth less so weak and multinational corporations can compete on the Global Market and manufacturers can compete. Judge napolitano do you share Ben Bernankes ball that he wants more information . Stuart i am not the subject of this discussion. I am just a moderator. Judge napolitano actually brought the two of us very close. It is far deeper than charles. The fed is far greater. Charles i wish the fed, and with you in that i wish the fed didnt exist and the idea be soft landings. We are always trying to engineer a soft landing. Judge napolitano if ben bernanke had better enjoy this and didnt speak yesterday, do you think the stock market would have gone up after 2 00 . Charles i dont know. Judge napolitano an announcement we will print charles the dow was up 1 and today it is down. Judge napolitano at some point. Charles the fed whatever is they are trying to do if they felt it would be made a call but to start capering yesterday and admit that he failed, wall street was ready and he didnt. He made the problem worse, not better. Stuart lets get the reality to intrude. Janet yellen is certainly going to be the next chairman of the Federal Reserve. It really does seem that way. Therefore she is likely to keep on printing lot of money, not necessarily 85 billion a month. Do you think this end to the money printing, where do you think it will come . It is going to have to come at some point. Judge napolitano no president wants it to end on his watch because every president would like artificial belief in prosperity while he is in the white house. Stuart except Ronald Reagan who backed all malt on 100 . Judge napolitano close to returning to a gold standard. To give you a little heartbreak. Judge napolitano stuart dream on, judge. Judge napolitano never be the chair of the fed. Stuart i lost control of this discussion. Judge napolitano one rant and he becomes president. Peter when you made your point and we listened to you. I am not the only ones getting lampooned on comedy central. Steven colbert polk them at andrew levy who joins us next. Find out what Steven Colbert did to get this response. Read i has been around 61 2 years on the network your obsess with. Mocking our rage on all sides is the kind of thing we do every night. The reason you are one of many people your staff giving five minute of research before you do the equivalent of running something from the onion as a real newscast. [ woman ] if you have the audacity to believe your Financial Advisor should focus on your longterm goals, not their shortterm agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. If you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do face time and think time make a difference. Join us. [ male announcer ] at edward jones, its how we make sense of investing. [ male announcer ] now, taking care of things at home is just a tap away. Introducing at t digital life. Personalized Home Security and automation. [ lock clicks ]. That lets you loser to home. Thats so cool. [ male announcer ] get 100 in instant savings when you order digital life smart security. Limited availability in select markets. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Do you mind grabbing my phone 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 works 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 . That they too are shopping at pier one imports like you used to . The stock is down 10 . The new apple iphones go on sale tomorrow. Is it spiking because people expect inflation down the road or because the dollar is down today . Sandra everything is on sale today. Gold is only priced in u. S. Dollars. When we print more money here, we devalue the dollar. Those commodities go on sale. That is what is happening. Stuart a long time since i have seen not. Look at this. Are you as mad as i am . I am so disgusted right now. Stuart andy leavy is here. You do not have to think it is funny. You have to know it is a joke. Of all people, you should know when someone is sending out rage. We go after the left, we go after the right. A lot of times, when you mock someone, you mock them by pretending to share their outrage. Somehow, they decided, either they did not get it, which i find really hard to believe, or they decided they did not care. Stuart they do not like fox, they do not like you. They went right after you. I think a lot of people were upset. Charles i think the white house knows that people are upset about it. That is the egregious part. There were pictures of president bush. I just, i cannot believe anyone. Do you really think it is a big deal . A lot of people do. Stuart Ronald Reagan would not even take his coat off in the oval office. Yes, but it is 2013. Stuart jon stuart took aim at me. Here we go. Any patriot view this as anything but a development. Stuart president obama just lead us into a defeat. Who did we lose to . Sanity . Stuart extraordinary stuff. We have the wall street journals dan had and agreement with me. He wants us to send a message to republicans. Remember what happened last time, he says. Five years into his presidency and it still looks like he is running for office. This man is about to be the millionth customer. Would you mind if i go ahead of you . Instead we had someone go ahead of him and win fiy thousand dollars. Congratulations you are our one millionth customer. Nobody likes to miss out. Thats why ally treats all their customers the same. Whether youre the first or the millionth. If your bank doesnt think youre special anymore, you need an ally. Ally bank. Your money needs an ally. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrft. vo meeeow, business pro. Meeeow. Go national. Go like a pro. Stuart time warner, the creator of the beanie babies. He has agreed to plead guilty on tax evasion. What his lawyer says about it. He will pay a fine of 53. 6 million. Charles i think that is terrible. He did not report the 3 million. The 3 million that he did not report, he gets a 53 million fine . This is all part of teaching the 1 a lesson. He finally said i will give it a shot. They take all the money that he saved. He came up with the beanie babies. Last year he was driving through santa barbara. He was lost. He asked for directions. He wrote a check for 50 said i will give you more money later. Who among us has not forgot in. Charles even if you did forget 53 million, that is absurd. Stuart president obama certainly has his way of doing things. From where he sits, it is the job of the political world outside to adjust and conform to the president mental orbit. Those that do not are attacked. We have the man himself right here. Make your point. He is about the antipolitical president that we have had in the postwar period. Obama does not operate that way. One of the hardest things imaginable is going nowhere at the moment. He is not going and he calls and john boehner. They go out and support him. A big deal. Now he gives a speech this monday ripping the congressional republicans. Stuart it is a winning method of operation. He will blame the republicans. It is not his fault. That has kind of been the strategy. The question is are the American People getting tired of this act . They have no good ideas. I think most americans understand that he has to engage in political negotiations with the other side. It is beginning to strike the American People as the president not doing his job. I think the strategy here is to try to win back the house in 2014. They can pass a continuing resolution. They are not likely to lose the house unless they get into a situation where he can blame them for the gridlock. Stuart his only shot at coming back strong for 2014. Thank you. The most powerful columnist. That is a battlefield promotion right there. Check this out. A 3d printed robots. I think it looks like et. Intel has sent it to us. I have no clue what this thing will do. We will find out. My customers can shop around see who does good work and compare costs. It doesnt usually work that way with health care. But with unitedhealthcare, i get information on quality rated doctors, Treatment Options and estimates for how much ill pay. That helps me, and my guys, make better decisions. I dont like guesses with my business, and definitely not with our health. Innovations that work for you. Thats health in numbers. Unitedhealthcare. People filing for firsttime jobless benefits. Of last week. A backlog of unprocessed claims. Coles is planning to hire 53,000 associates this holiday season. Coles said hiring again this month. The winning powerball ticket, 400 million. Sold in lexington, south carolina. The cash option, 200 dirty 3 million. A robot. Next. One of his arms fell off moments ago. That is why we were laughing. We have the arm back on. [laughter] by clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Stuart a string of new highs in the last 18 or 19 hours. One of them is groupon. Nicole you have the analysts upgrading. Ecommerce basically shopping with apps continues to grow. It accounts for half of the total transactions in america today. This will all materialize for groupon and higher margins as well. Up 155 . Stuart i guess that some of us would actually take that. What is this . The catamaran. Charles we are up over 20 . We are down on pier one today. Pharmacy benefits management. It is a technology play. Record revenue. The ceo was on fox business recently. Something with tremendous longterm growth. It will be absolutely huge. Stuart any way of cashing in on that aging population. Intel got to us. They gave us a model. They call it the robot of the 21st century. The man who is basically running this thing is with us right now. He is an occasional guest on Varney Company. It is designed to look friendly. Stuart it will be friendly. We are open sourcing the design. What would you do with this . How would you design it . You already have one that can do the vacuuming right now. This could work from a healthcare standpoint. Stuart what . I do not get it. Your smart phone is widely different than mine. Imagine all the Different Things that could happen. The longest time, robots have been something you have seen on Science Fiction. Now, you can actually bring them into the home. Talking to a man here who still use a black berry. Stuart would you use this thing . Sure. Why not. You are just old. That is your problem. There could also be a healthcare robot. It can have those different reminders. Think of it as a laptop with legs or a smart phone with lags. Charles i love that you brought that up. We started designing this in Science Fiction first. We definitely will. We will have as much control as you would with your cell phone. Would this be something that you would sell or would you put the plans online and people would do them themselves . Here are the files for free, but you can change them. The rest of it will be a kit. You will be able to 3d. About 80 of it. Stuart you print this out with a 3d printer in your own home. You create what you want to create and you put apps into this thing to make it do what you want to do. We are looking at may 2014. Stuart fairly soon. If you download the book for free, that kind of explains it. We are getting people together in november to help us build this. Stuart and less than 1000. I am pushing for less than 500. Stuart i am glad that intel got to us. That was interesting. Mispronounce a word, miss out on 1000. Yes, that happened. We will show it to you next. Who think like you do. Face time and think time make a difference. At edward jones, its how we make sense of investing. If you have business idea, we have a personalized legal solution thats right for you. With easy stepbystep guidance, were here to help you turn your dream into a reality. Start your Business Today with legalzoom. [ male announcer ] now, taking care of things at home is just a tap away. Introducing at t digital life. Personalized Home Security and automation. [ lock clicks ]. That lets you loser to home. Thats so cool. [ male announcer ] get 100 in instant savings when you order digital life smart security. Limited availability in select markets. Limited availability in select markets. No two people have the same financial goals. Pnc investments works with you to understand yours and helps plan for your retirement. Talk to a pnc investments Financial Advisor today. Stuart can you imagine losing the opportunity of winning a Million Dollars . A wheel of fortune contestant lost that opportunity when he could not pronounce a word correctly. [inaudible] stuart okay. You saw it. The opponent said the word correctly. It sounded to me like stuart did he deserve to lose . Charles on this one, i do not think that he did. Stuart it was obviously a mispronunciation. Charles i marvel at the words that you mispronounce. [laughter] i know we are in a tough area. I am one of these guys who says that you have to earn things. Stuart by the way, he spelled the word incorrectly. [laughter] stuart more varney after this. N 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. Nice car. Sure is. Make a deal with me, kid, and you can have the car and everything that goes along with it. [ thunder crashes, tires squeal ] so, what do you say . Thanks. But i think i got this. [ male announcer ] the allnew cla. Starting at 29,900. 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 the last hour my take on Ben Bernankes positive impact factory yesterdays big decision. The news may be good but it was troubling to see a rally with the economy in decline. Here is what you had to say. Printing money does not mean there is anything behind the money. We can print forever. Linda. I find the whole thing selfserving and i dont like the server or the ones being served. Twitter, we are all watching the same train wreck. Someone to avoid it to save lives. Others won the vultures to would july to enjoy. Dagen more and ben bernanke. Passing the buck or make that big bucks. The head of the Federal Reserve stands fast and keep the cheap money flowing. Pulling back on all of this stimulus, and now his successors problem. Let the u. S. Pay syrias embattled leader says the United States picks up the tab for the removal of chemical weapons will build a lot quicker. The citys most at risk for natural disaster, not good news for one of our nations biggest. All that and more on this hour of markets now. Connell lets do this. They make it is so tight, it is like mrs. Wiggins from the Carol Burnett show. Connell of to a great start. With that lets go to Nicole Petallides on the floor of the Stock Exchange before we get Monica Crowley in here. Nicole the Dow Jones Industrials down 16 points, started in the green today

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