Looms. The word is going out, hold off signing up, we dont want it to crash again. Get this, a chef who can cook your thanksgiving turkey in a dishwasher. Hes here, yeah. Varney company is about to begin. You make a great team. Its been that way since e day you met. Itld be a question but yof blood flow. Ysfunction Cialis Tadalafil for daily use helps you be Ready Anytime the moment right. You cabe more confident in your ability to be ready. Anthe same cialis is the only daily ed tablet appred to treat ed and symptoms obph like needing to go frequently or urgently. Tell your doctor about all ur medical conditions and dications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause unsafe drop in Blood Pressure do not drink alcohol in excess with cialis. Side effects may include headache, upset stach, delayed backache or muscle ache. 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Remember, it was supposed to be full fixed november 30th, it will not be fully fixed. The president knows that Mainstream Media turned on obamacare, against it. The president told seniors aides to forget about national press, instead, he suggests holding grass root protests that will win headlines in local media, run in the newspapers, run in the local news. The spin machine is running. There are other headlines on this day before thanksgiving and here they are. The administration moves to change the rules of how tax exempt nonprofits influence elections, could have a big impact on wealthy contributors, the right hates it and the left kind of likes it. To detroit, creditors pressing the officials to put a price on Art Collection and maybe sell it. Its got 60,000 works of art thug rhodans the thinker. Look at that, detroit owns that. The whole thing is worth a billion dollars they say. All right, coming up next, were going to go to the pope and comparing unfettered capitalism to tyranny, and he says trickle down economics do not work and oull have my take on that at the end of this hour. Something to be thankful for, the nasdaq closing 4,000 the first time in 13 years, we called it, tech is leading the way, will it continue to climb today . Find out because the opening bell is coming up. First, listen and watch. Prince william, heir to the throne of england singing on stage with john bon stage with john bo bon jovi wit taylor swift. It was for charity, but in my opinion, there goes the monarchy, listen to this. On a prayer, take my hand, well make it i swear oh, living on a prayer hi honey, did you get e toaster cozy . Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat te shipping with the reability of fedex. [ male announcer ] they are a glowing example of what it means to be the best. And at this special time of year, they shine even brighter. Ce to the winter event and get the mercedesbenz youve always wished for, now for an exceptional price. [ sta ] ho, ho, ho, ho [ male announcer ] lse the 2014 e350 for 579 a month at your local mercedesbenz dealer. Over the river and through the woods were keeping a watch on the airports for you, especially the northeastern corridor, obviously, so far we can only report 200 flights canceled. Thats not many. But we are seeing delays at airports up and down the east coast. As we said earlier, theyre moving through faster than we thought and thats good news. Were a minute till the bell. Larry levin, ill bet tomorrow when you sit down to dinner youll give thanks to janet yellen, arent you . Janet and ben. They made it fairly easy to be long the markets and the traders behind me on new records at the s p on dow jones again and thankful for that. And larry, were sitting back and i keep hearing that word 1999. Are you hearing that, too, in chicago . Yeah, a little bit. Thats for sure. And its a little bit of a surprise, but, yeah, were hearing it. Okay, weve opened and off we go. Were up 12, 30, 40, seconds worth of business, its wednesday morning, the day before thanksgiving and remember, please, the nasdaq hit 16,000 and went up. Its up 33 so far this year and weve got another small gain so far this wednesday morning. And ive got to bring your attention to hewlettpackard, nicole, how is it reacting today . Look at the great move by hewlettpackard, up 7 and thats huge. 2682 doing well with sales and revenue and we saw it climbing, the server sales rose 10 and the networking business up 3 and meg whitman on the turn around plan and year to date up 75. Okay, i want to concentrate on the retailers, were about to begin the huge shopping season. Theres a retailer, im not familiar with, its called kilns, and its down big, go. Looking at tillys right now, down 25 , the teen retailer much lower than expected profit in the latest quarter. They had weak consumer traffic. Something they said was a problem and the other thing they said was problematic and i think well going to hear from all the retailers, increased promotion, you know, promotion cut into argins, right . And thats not good news. Theyre fickle, these teenagers, you remember . Okay, right. Come on, tiffany, big rally yesterday, nice boost in sales because of asia, its up again today. Remember, at this time yesterday, tiffany had just broken 80. Right now, its at 88. 40, up a little bit more this wednesday morning. Shah galani i believe is in california usually in miami or someplace. Are you in california today . Yes, i tried to get out early to beat the bad weather which isnt coming and earnings downgrade and the numbers that you get apartment mystic because everything is rosier, im here in Southern California. Stuart okay, tell me about 1999. I know you were there, i was there. And i keep hearing that expression, its just like 1999 all over again. Because the nasdaq has gone up 33 this year. Now, that worries a lot of people because in the spring of 2000 we had a huge, a real big selloff. Does that word, 1999 worry you, shah galani . Yes, it does. And it should worry everyone because we do see shades of what happened in 1999 and the euphoria is a bit overdone. And the tech stocks are leading and a good thing, with the multiples were experiencing and tech stocks, its not working, its sort of a graph for whatever is the future. And the future is usually tech. So, i think its a little overdone. The rotation has been healthy, but really, its been a matter of moving out of stocks and having performed, every stock thats not met its earnings expectations, especially top line has gotten hammered and where has the money gone . Into tech. A little too fluffy for my liking. Stuart i want to bring your attention to two tech stocks, outstanding performers in 2013. I want to start with insys, insys. Its gone up 420 since its ipo and its up again this morning. I know you dont know anything about insys. Im using it as an extremely highflier in 2013. Another one, x1, this is a d 3d printer. Its up again this morning. And this is the kind of high flying stuff that youre talking about, isnt it . You think that things have gotten ahead of themselves . And theres nothing wrong with that if investors are smart. Insys is up 400 in a year and take your profits, leave a third or quarter of the profit and its fine. If youve been in early and enjoyed the ride its a terrific place to get out at least most of your position and hold on for the rest of the ride. As far as 3d printing i think theres a lot left to go. I like the company and what theyre doing with the ipo cash and putting 40 or 50 million into Production Systems and what theyre doing, theyre setting up service centers, if you will, where people can test their machinery and actually perform functions on them and obviously to buy them. I like the setup and i think even at 189 increase i would still buy this company. Now, look at amazon, now, im not calling this a technology stock, although thats what it is, but just look at it, shah. Its at 383 right now. Im pretty sure that thing has doubled in the last, 12, 15 months, thats not a technology stock, thats a Gigantic Corporation that really dominates online. And i suspect it is up because this will be the year when Online Shopping, its not exactly coming of age, but its going to explode this year, thats my prediction. What do you think about amazon . Well, i think Online Shopping is always going to be moving higher. I think thats the direction of retail in the future. As far as amazon, and it actually is very much a technology stock, if you look at amazon, take away the retail component and look at amazon for what it does in order to serve the retail public, what does it have massive infrastructure and thats used for Cloud Computing later and setting itself up to be a home run hit in terms of technology. I think the stock is fairly valued here, its a little scary, but i wouldnt mind owning it here and i would have the protective stops in, anything thats risen this much, its time to take some profit, but i like amazon in the long run. Stuart thats your message for our viewers this day before thanksgiving. If youve made a big profit, sell part of your holdings and take that money off the table and keep it, leave the rest and let it ride. Absolutely. Because youre worried about a sharp down side move, but were always worried about a sharp down side move. Whenever youve got this kind of explosive rally . But when youre managing money thats always your prerogative to go with the flow and go with the momentum and chase yield and stocks higher, or you can particularly be somewhat cautious at times be defensive and put on some defensive positions which is something we always do. It makes sense. The markets have risen exponentially and if you look at them, a parabolic move for pretty much the major market indexes is frightening. So theres always time when you see that to take some profits. You can always reapply the money later. Do they eat turkey in Southern California . Yes, they do, a lot of it, too. Stuart good. Have a good time and happy thanksgiving to you and yours, well see you soon. Good, happy thanksgiving to you. Stuart how is this for holiday spirit . The National Republican senatal committee, who is their target . Shoppers. They have he a put flyers on cars, with one reading, black friday sellout calling out the obamacare disaster. So far theeads have been targeted in five states, youre going to see that get out there and shop thanksgiving and black friday. Nicole, google having a great day. Google, we made a big deal and its closer and closer to 1100 and its up today, up 3 4 of 1 and sitting right now this second at an alltime high. 11,064. 62. Stuart maybe our audience and viewers generally were responding to shah galani. He says take some money off the table if youve got a stock thats really been running up and i noticed since he said that the dow has gone from a 16 point gain to a fractional loss. So, maybe we moved the market, i dont know. I want to get back to tillys. Down 25 . Teenage retailer. Ive never heard of them. Should i . You know, i have to tell you, im not really familiar with it. Maybe look up the market cap. Theyre like california type surfer stuff. 26 to the down side, somethings not going well. When theyve missed the profits the way they have, what kind of market cap does it have. Stuart im laughing when you said california surfing type stuff. Nicole i like that stuff personally, im in. Stuart a new yorker. Nicole i guess im not their target audience. Stuart youre such a new yorker and i have to ask the question, do americans of greek extraction eat turkey on thanksgiving . No, we eat lamb no, of course we eat turkey and great sides. Stuart theyre killing me in my ear, ive got to go. Nicole, back in a moment. Check the big board now were back up 8 points, ive got to call it a pretty flat wednesday ahead of the big day tomorrow. Up next, world renowned chef david burke and owns Nine Restaurants across the country and hell keep them open. And hes here and will tell us how to cook a turkey in a dishwasher after this. A bottle of white, it all depends upon your appetite ill meet you anytime you want in our Italian Restaurant clients are always learninmore 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 scorade Office Guides my learning every step of the way. Because they know i dont trade like everybody. I trade like me. Iwith scottrade. announcer ranked highest in instor satisfaction with selfdirected services by j. D. Ower and associates. Iwith scottrade. Maestro of project management. Baron of the buildout. You need a permit. To be th awesome. And you. Rent from natial. Becausonly national lets you choose any car in the aisle. And you. Rand go. M natial. 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. Look at this, its a six month low for the price of oil and bodes well for gas prices, 92 and the screen went blank. Time for the morning gold report. 1246. 10 up 4. And earlier today when i said a chef would cook a turkey in a dishwasher, there was an audible gasp from the crew. You know his name, david burke. Welcome, how are you doing . Nice. Stuart youve got to tell you, youre going to cook a turkey in a dishwasher . You know, in makeup, really tough. But the idea of a dishwasher and cooking a turkey, and first of all, the water never hits it. Youre wrapping the white meat turkey, first of all, in herbs and saran wrap and cooking it at the proper temperatures that white meat can be cooked and fish as well. The side of a turkey would take four to five cycles, which is over at least, a little over an hour at least in a dishwasher in my house and something that we do, a home cooking technique, dont do it at the restaurants. Stuart do you do it at home . I did it before and i worked in norway in 1991, it sounds like a fish story, i caught a big salmon and didnt have it big enough and we wrapped it on the top rack and served it. It was steamed temperature and kind of the perfect way and everybody basically has a steamer in their home and thats kind of the point i want to make with this. And the anatomy of a turkey in general, the legs, are dark meat. It takes a lot longer to cook, the breast dries out when you cook a turkey, almost impossible to cook a turkey perfectly. Stuart so only the white meat part of the turkey, you wrap it, saran wrap it, herbs and the dishwasher. And then the broiler and caramelize it up. And the same delicious smelling turkey and more nutrients in the meat and use it for a sandwich. You can do the dark meat, but i dont suggest that, takes a lot longer, but the dark meat you can roast under the broiler anyway. Stuart weve got to tell our viewers, youre not going to do that for your turkeys in the Nine Restaurants. No, no. Stuart dishwasher turkey is not going to be served. Busy doing dishes. Stuart youre open. Were open in all except for the bloomingdales. Stuart why are the other nine on thanksgiving . Its one of the best days for restaurants business and in cities like chicago where we have prime house and four restaurants in new york to entertain. A lot of people in the cities dont want to cook or homes or apartments are smaller, visitors and myself included, i in Middle America perhaps where theres more homes and its more of an athome thing, in cities we find at that thanksgiving is one of our best days of the year and people do like to go out and get a little spoiled, the beginning of he Holiday Season and hanukkah on top of thanksgiving this year coinciding with it. Stuart youve got Nine Restaurants and now youre going to expand to 12. Whats your biggest selling point, the quality of the food which i know is superlative, i know its good, or the name, david burke, because youre a celebrity. Its quality food. Our brand is very good, but the brand, before the brand was created we had that quality product and we still, the number one thing is hospitality. So, its food, but its combined with great service, ambiance and value. Before we close it, weve got to and this is a cookie tin that says pumpkin pie made in the dishwasher, at home. So, if you want to do it, a good gift giving, youre going to have to thank you very much indeed. You can come back. [laughter]. Ill come back. Great information, for the prime rib. Stuart believe me, great information, youre a welcome guest anytime you want to come by. Enjoy the holidays, appreciate it. Stuart the pope says capitalism is a dictatorship. I say its a liberator. My opinion, my take is next. Two days before black friday and the king of online retailing, amazon hits a new high. Google, look at this, a new high there as well at 1,066. Coming up, the top of the hour, more and more people will be using apps on the smart phones to shop the Holiday Season. Is this the year of smart phone Online Shopping . Apparently yes, and the beastie boys in a legal fight over one of the music videos, saying a parody violates the copy right. Even though they look at the message. The company who put out the parody is suing the beastie boys. That and more at the top of the hour. Pope francis says the free market capitalism is a form of dictator ship. He says it devours human, and the environment. Here is my take, i disagree with this in two ways, first and foremost, capitalism in my opinion is a liberator, the free choice of millions of people is the essence of freeman. In my opinion, society benefits most when people are free to pursue their own selfinterest. I know that sound like a contradiction, but its not. When individuals are free, we collectively are better off in every way. Financially and spiritually. Pope john paul experienced that, experienced firsthand the horrors of a real dictatorship and we are understanding what happens when the government sticks its fist in the marketplace. And i personally do know the want my Spiritual Life mixed up with my political life. I go to church to save my soul, nothing to do with my vote. Pope francis has linked the two. Hes offered direct criticism of a specific political system. Hes characterized negatively that, and i think he wants to criticize my politics. I think that pope francis is a great man, lives without extravagance, an example to us all. This episcopalian is not critical of the man. I just wish to keep politics out of the pulpit. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earngs plays. That recently gapped u [ male announcer ] now the world is your ading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. Welcome to our second hour, we bring you good news. Stocks up again, and that storm blowing through quickly. Weve got it all, plus this. The wall street journal Dan Henninger on the coming obamacare collapse. A california egislator says the president got it wrong, obamacare is it not the success that he claimed in the formerly golden state. Is this the year when smart phone Online Shopping goes viral . Yes, says our guest and he should know. Brian kilmeade on cheating and winning in baseball. Happy thanksgiving to one and all. Look at this, wednesday before thanksgiving and the stock market goes up again. Charles has been saying this for a long time and hes been pounding the table. The little guy has got to get into this. I take it youre pounding away again today . Yeah, im pounding, listen, trying to predict or be so weary at the top that you dont participate is tough. The little guy is extreme extraordinarily intimidated and afraid. A guy 69 years old. 750 brand he lost in the previous crash and felt whipped around and is going to live a long time and hhs reluctantly in the market, almost everybody i meet is reluctantly in the market or thinking of selling. Stuart you have to understand, it looks a lot like 1999, doesnt it . It does except it doesnt. It doesnt in the sense that the euphoria isnt there. Thats what im saying, because were up. A lot of people are saying, were at new highs and people are not giddy, theres a different caution, before, they would throw caution to the wind, ill own anything, i dont care anything, write something on the napkin, take it public friday, up the next week. Everybody was going to retire at 40 on an island. People are scared today. Stuart youre dead right, 1999 you went to a party and everybody was saying youve got to get this and that. It was a rumor mill. Charles rumor mail. Stuart its not true today. Charles not there. Stuart everybody is talking about why they should not get in because theyre scared of an another repeat of the selloff after 1999. Youve got to right again, but youre pounding the table. Charles i am. Stuart buy the stock you like. Charles join the 1 . [laughter] charles payne, join the 100. I have to get it in. And j. P. Morgan raising its price target on hewlettpackard and i think its probably giving the stock a boost, right, nicole . Nicole the analysts are loving hewlettpackard. By the way you went to parties in 1999 . And 9 to the upside hewlettpackard, a big move, less than 40 cents away from its most recent 52week highs and youre seeing the signs for the turn around and the analysts are looking and weakness in china better than some of the peers and some of the analysts are loving the turn around and saying that the company is bottoming and they did not warn for 2014, which also is viewed as a plus. Stuart okay, thanks, nicole. I just want to take time out to engage with charles for a second. I want to tell everybody is short story here. In 1999 i took a new job and the new job meant i could not own individual stocks, so, on december the 30th, 1999, i was the guy who sold worldcom at 60. I was the guy who was selling microsoft at 55. I was the guy who was selling all kinds of stuff, way up high. I had to sell to conform to the terms of the new job. I lucked out. Charles lucked out. Stuart i sold at the high, bloo he have believe it . Charles unfortunately so many people did not. Too many worldcom as in the mix. Stuart and i want to join you in the top 1 . Moving on, question, is this the year of smart phone Online Shopping . Joe adler from iab mobile marketing is here and he knows a thing or two about this. Joe, i know youve got new numbers. What we want to focus on people using smart phones to shop online this particular retail season. I think this is the year for smart phone Online Shopping. Whats your numbers . Totally agree. We released a survey that shows that 90 of parents were going to be shopping over this black friday weekend are going to be using their smart phones to help them out in various ways and of those parents, about half of them say theyre going to be using their phones to help them find better prices while in stores so checking online prices and comparing them with retailers. 47 , no, 44 say theyre actually planning on buying goods and services via their phones. And i agree that the commerce is growing in a consumers mind compared to others. This thing ive just got my first smart phone, this is my iphone and ive had it now for two weeks almost to the day. So, people using this as a tool to actually buy using this and also to get information. And this is the year where that kind of usage explodes, is it . Absolutely. Now, when i say explode, thats an important word, thats a very, very strong word. You agree with it . I do. I think last year, there were tentative signs that this phenomenon of showrooming was beginning to take off and using the smart phone to make better shoppers and this year its mainstream and part of the last day for retail. We were discussing this in our editorial meeting this morning and a lot of people were saying, hold on a second, you try to shop online via smart phone, a lot of the online retailers are not that user friendly to a smart phone, but they said the exception to this was amazon, thats the one where the app just makes it dead easy. Did you look at that side of the business . To some extent. Im not sure i could pick out winners, but i definitely agree that its very much about changing the way a retailer presents Contact Information and the shopping cart on a phone. You cant just move what you do on pcs over to phones and expect to be successful. The screen is much smaller and interface is smaller on phones. And retailers have to learn how to serve their customers on phones as opposed to pcs. Stuart iab. Interactive advertising bureau. Stuart what you do, you look at things like this and track the use of smart phones, right . Phones as well as pcs. We cover all of Digital Media and try to help advertisers market. Stuart you werent around ten years ago . We have he been around a while. The mobile piece has only been two years, the year in mobile for a couple now. Stuart happy thanksgiving, young man. President obama steering his supporters away from the obamacare website, especially december 1st. And thats when its supposed to be fully fixed, remember . Supposed to be fully fixed november the 30th. Lets bring in crystal wright, conservative conservative black chick, thats the name of your operation . Yes, it is, stuart. Stuart lets move on, okay . Now, what do you make of this, the president is telling his aides, dont all pile into the website all at once, please, because it might crash again, what do you make of that . Well, its just one excuse after another, one delay after another, with the rollout of obamacare, im not surprised. One minute, remember, secretary sebelius is telling people, use the 800 number, right . Do everything you can, but go on the website. Hes steering people away because he wants to avoid embarrassment. As you pointed out, by the end of november the white house promised that, wait for it, 80 healthcare. Gov are going to find a useful site. So its disastrous, i dont care how you slice it or dice it. Stuart do you think, will you forecast flatout that obamacare is going to collapse and or be repealed . Would you go that far . I will im not a betting gal. I dont go to vegas and bet, however, the way this thing is with all the delays the white house has done on its own, i think ive always said that republicans should sit bakken a watch obamacare fall in on itself. I would bet over 60 chance this thing, by the end of next year, is going to be an utter failure and theres going to be a strong push by democrats, along with republicans who first said this to repeal this, defund it, delay it into perpetuity. Stuart okay. The administration is proposing new rules that will clamp down on the political activity of nonprofits, like the tea party, for example. Look, in my opinion, that formalizes the restrictions played from the tea party, i think, illegally during the last election. Do you read it the same way . Is this politically biased . Because the rules, the new rules would apply in the same way to both sides . You know, all i can say is the audacity of president obamas administration. This is the same irs that was found guilty of targeting conservative groups during the election cycle, thats conservative groups seeking tax exempt status to engage in, you know, political activity, social welfare programming, and now we have the irs coming out, they issued the rule this week saying we dont like the fact that conservative groups like american crossroads, that group was able to outraise democrats during the 2012 election cycle. So, obama has now said the irs is going to clamp down and restrict the ability of 501 c4s to make political donations during the 2014, 2016 cycle. This is outrageous, this is a run around congress and this president has huge disdain for citizens united, the supreme courts decision. Where is congress in this . This is a rule clarification, all the treasure has to do is propose it, the white house proposes it youre going to get it. And i believe it will be in place after 2014, so the next president ial. Well, thats what they say, stuart, can we really count on the irs word for anything . Conservative black chick, youve got something there, you do. Great name and great appearance and happy thanksgiving. You, too, stuart. Stuart listen to this, bankrupt detroit looking to cash in on that citys Art Collection. Its creditor want to sell items from the Detroit Institute of art. They place a value around a billion dollars on that collection. All right, charles, the city of detroit actually owns a sculpture with any i am familiar, rodens, im going to do this the thinker, thats got to be worth a fortune. Why is detroit owning a sculpture like that . Detroit used to be the paris of the west. One of the most amazing cities in the entire world. This museum goes back to 1883 and when they came up with the concept. You want to talk about this is a current conversation at the beginning because bill gates made derogatory reports about billionaires giving money to museums about a week ago. I think we should explore that more. But lets think about this, the scrips family, very powerful rich family and put in the first 75,000 and donated 70 paintings. 75 grand of 18. 9 billion today. Stuart that was way. Way back then. The start of the museum. Other people donated and rich people, the fords, the dodges, the firestones, i mean, they all gave incredible amounts of money incredible pieces of art, it was an amazing thriving time and it wont stop the bleeding, but imagine a billion dollars from the gifts of 1 percenters in history. Stuart you say sell it . The art market, bubbles . Listen, you have no choice. Its a travesty, its heart breaking because it doesnt solve the real problems with you know what, nothing will solve it like greece, spain and portugal. Turn them on to capitalism and out of the house and start from scratch. Stuart but sell it . Sell it. Stuart and president obama pusing california as an exampl of how obamacare is working. But here is how the president said the whole story, well set the facts straight after the [ bagpipes and drums playing ov ] [ music transitions to rock ] make it happen with the allnew fidelity active trader pro. Its one more innovative reason serious investors are oosing fidelity. Get 200 free trades when you on an account. Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex e rate. Simple, flat rate shiing with the liability of fedex. So i deserve a Small Business credit card with amazing rewards. With the spark cascard from capital one, i get 2 cash back on ery purchase, every day. I break my back around here. Finally soones recognizg me with unlimited rewards meetings start at 11, cindy. [ male announcer get the spark Business Card from capital one. Choose 2 cash back or double miles on every purchase, every d. Whats in your wallet . I need your timesheets, larry the two Market Movers take a look at them. Number one, apple. Beginning to make a run. For a long time it was in the 520s and now the 540s and up 9 bbcks right now. Just look at amazon, another run being made there. 385 on amazon right now. You want to make some money . Well, here is charles and his company in the feature spotlight today is ctrip. Com international. Its got to be travel. Charles travel and china and a theme i talked about earlier, the amazing travel earlier. The travel services, hotels, airline tickets, and ultimately the corporate tours, you can see from the chart, they had a huge move and i think the recent pullback creates an opportunity to go back to 51 and break out there and take it to 60. I dont know why its down so much. In the last quarter they beat by 50 , 48 , and more. And they still cant keep up and i think could it be that theres some element of distrust of the numbers out of china . There is an element of distrust, but when you talk to people who sell luxury cars, watches and airplanes and those kind of things or talk to australia about the minerals and that stuff adds up. So theres no doubt to have some problems there and no doubt theres a juggernaut. Stuart weve got it, charles, thank you very much indeed. The president is using california as an example of an obamacare success. Listen to what he said. Thousands of californians are signing up every day for new health care plans. [applause] even as were getting this darn website up to speed. [laughter] its getting better. States like california are proving the law works. People want the Financial Security of Health Insurance. Stuart all right. Is he right . Is he accurate . California g. O. P. Communications director is with us. Mark, youre in california. You say the president is wrong in what he said. Take us through it point by point. Where is he wrong . Well, first of all, if ive got the president and paul krugman as my biggest cheerleaders, id be worried, so thats wait a second youre referring to the paul krugman article where it says that california is indeed a standout success and the president picked up on krugman article. Thats right, krugman is the guy back in 1999 that was trying to convince the world that enron was doing just fine. Again, these arent the guys i want out in front screaming and yelling about the whole thing. Theyre touting 80,000 signups here in california and as far as the national scale, maybe wiping the table with what obamacare is doing nationwide, you know, theyve got a projected 1 million signups by the end of march 2014. That was the original estimate when california opened up its doors for business. Now theyre trying to walk that back to manage expectations. Last month we only need 700,000 by the end of march and last week i heard one spokesperson claiming its 465,000. They know its trouble there. Hold on a second, mark. You said 80,000. Theyre claiming 80,000 signups, but lets be clear. Thats not 80,000 people enrolled in a plan, picked a plan, signed up for it, about to pay for it. Thats not the case, ask . Not even close, in fact, the vast majority of those folks that signed up for medical rather than the obamacare system. When you talk to covered california officials they cant give you a sustainability model. Theyve got no accountability out there. Theyve got 190 Million Dollars worth of advertising budget to try to make this plan palatable for the average californian who is looking for insurance now, but they cant tell you what the cost per lead is. I mean, its just a ridiculous business attitude that i think is doomed for failure. Stuart now, were used to california always going left, but here youve got the state with about a million cancellation letters already going out, and 80,000 signups mostly for medicaid. Does california really believe as a group, as a state. Is california still supportive of the left and still supportive of obamacare . Well, i think so and although those numbers are shifting fairly dramatically over the last couple of months, now that theyve seen the not only in the national rollout, but here in california i think the media is also kind of implicit in covering up some of the problems that covers california. And an example, couple of weeks ago covered california hosted a huge event and rented out the sacramento center, and 1500 people showed up you could say its an impressive number. They buried the lead because out of the 1500 only ten people signed up on the spot. I just think that thats a problem that the press fails to acknowledge because they desperately want this thing to succeed. Stuart you got it. Charles mark, i kind of want to piggy back off that as stuart is asking about the list. Were seeing serious signs that maybe regular people are starting to get fed of with this. Whats happening in san francisco, the pushback against Silicon Valley and the president visiting hollywood. If seems like the elitist, even in california might be getting that something isnt right here. The president s Approval Rating just over 50 and that was before the obamacare disaster started taking place. By and large, theyre starting to see that they understand the present model in california as you extend that out in nationwide isnt sustainable. Weve talked about this before and im hoping theres going to be a sea change so that in 2014 we can start to get more republicans elected and make changes on the Positive Side for business in california. Stuart good luck with that, good luck. The day comes that california votes republican in a president ial election, ill be long gone, i do suspect. Mark sanders, we appreciate getting involved there in obamacare. You bet. Stuart the beastie boys locked in a legal battle with a toy company over a parody of one of their songs. Its a legal fight about this. Check that market, please. Were up again the day before thanksgiving. Look at that, up 23. Close to 161 and now this, the beastie boys always said they never wanted their songs used for another product or company, but now, one of their most popular songs girls is being parodied in a new toy ad. Okay. And you see the part of it. The band wants the company that made that video to take down that video. However, the company that made the video is suing. Theyre suing the beastie boys and they say its just a parody, whats wrong with that . Joining us now is attorney doug burns to weigh in on this. Now, youre not involved in this mutilation not involved in this lawsuit . No. Stuart it seems theres a principle here, how far can someone go to say i dont want my name, music, my band used in any way for endorsement or commercial in any way . How far does the law protect that statement . The expression of that sentiment is going to run into a problem with the law because there are instances, stuart, where you cannot prevent somebody from using it. They have whats called the fair use doctrine, for example. And says you can use something for an educational purpose, a nonprofit purpose and a purpose ttats not commercially based so the point thats interesting, one of the band members who sadly passed away. Stuart yes. It was adam youch that he died last year, he said put in his last will and testament that he didnt want their music used for commercial advertising or instances. And there are sninstances where it can be, but when it parody again, you know, and legitimate and when is it not . For example, the original beastie boys said girls who do the dishes, girls who do the laundry, masogynistic. And the parody is girls who build a spaceship. They say the message is great and we endorse it, the original song was derogatory to women, the new song parodies it and pumps women up to do the good things. But they said nevertheless we dont want our music used in that fashion. Youre suing us. Under federal law that says if you do something and somebody raises a potential controversy, you can declare its okay, and the reason so obviously you can clear it up. Stuart a ton of money coming out. Suppose i put out a parody of the beatles . Why dont you put a parody out of me. Stuart couldnt afford it would go viral. Stuart youre not involved in this case, on whose side do you come down . Crystal ball. This will be held in my humble opinion to be a commercial use because the point is. Stuart legitimate . No, no, a copyright violation, because at the end of the day, stuart, they are using it and what the beastie boys lawyer says, theyre using it to sell the toys thats pretty clear. The parody aspect is in there to come extent, but i think its going to be overridden by the fact that theyre trying to use it to sell their product. Stuart weve just got some news on this. Really . Say that again, mike. Mashable says that they have pulled the parody interesting. Stuart just happened. Literally. They were watching you. My prediction. Stuart yes, that was your prediction. You know, Varney Company has some i had no idea how powerful this program was. Stuart what a show. That end the interview, does it not. [laughter] now you can have a decent thanksgiving. Doug burns that was excellent and timely ive got to say and you got it right. My pleasure. Stuart incredible. A rarity. Stuart your Traffic Record is great. Im undefeated in copyright. Stuart thank you, sir. The deadline to have the obamacare website up and running just days away. If they cant get this site up by november 30th, does that mark the beginning of the end for the president S Health Care law . Dan henninger will answer that question, very sharpedge critic of obama. Hes next. You really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pot. [ woman ] d be an architect. What if i told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . Paying ourselves maestro of project management. Baron of the buildout. You need a permit. Bato be this awesome. T. And you. Rent from national. Because only national ts 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. Eeow. Go national. Go like a pro. When he said everyone gets Health Insurance . But now Congress Says 7 million americans will lose their Health Insurance and your insurance rates could increase by 200 . Some health plans even get hit with a 40 tax and over 700 billion in medicare cuts. So now were really sad. But you can be happy again getting the obamacare survival guide. Its already a 1 New York Times bestseller and over 500,000 americans have gotten a copy. Newsmax says its the best guide to the new law. You can get your copy at obamacare911. Com. It gives you the tips, strategies and loopholes you need to know. Get your copy of the obamacare survival gui at stores everywhere for 19. 95. Or get the internet only offer of just 4. 95 and save 15. Go to obamacare911. Com to claim your copy now. Go to obamacare911. Com announcer scottrade knows our and invest their own way. With scottrades smart text, i can quickly unrstand my charts, and end 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 tre like everybody. I trade like me. M with scottrade. announcer ranked higst in Investor Satisfaction with selfdirected services by j. D. Power and associates. Stuart this you have got to see. The nasdaq up some more. Up already out of the close last night 33 this year, now it is up another half a percent, 17 points higher, why . Apple is doing well now. And amazon another new high at 385, that helps the nasdaq. The deadline to get obama cares website fixed just a few days away. Not going to be fully fixed by that deadline, will not be up and running fully. What then . Is this the start of the obamacare collapse . Strong words. Joining us this wednesday morning. Welcome back. I think when this site is not fully operational by that deadline, that makes the decision of Many Senate Democrats really difficult, and they have said they had to start pushing for a oneyear delay in the individual mandate. I sayythat is the start of wine nowwcollapse. It is disintegrating for sure. That does not mean it is ending. Collapse does not mean obamacare the Obama Administration has a lot of authority. They will keep pushing and cramming obamacare into the system one way or another. The only way this is going to end is if come 2013 republicans have gained controls presidency, the senate and the house. Stuart it has to be a ccean sweep. President obama and hhs will not step back from this. They will keep pushing it forward into the system, forcing hospitals and Insurance Companies to participate. Stuart there are at least 11 Senate Democrats who say they will put forward legislation which says delay this thing for a year. Now if they get that through the senate, does the president veto it . If he cant override the veto, dont think he will. Even if they do it and delay it, they will take the year to visit some of the shortcomings in the system and reintroduce it a year from now. I think were headed toward a twotiered medical system in this country. One in which a lot of people at the lower end and the younger people forth into the medicare exchanges, no choice over your doctor. On top of that song Insurance Companies will create their own private exchanges in which middleclass people will pay extra money to be able to prove their own doctors. This essentially happened in places like germany. I dont think it is going away. President obama is not stepping back from this. Stuart even if you had that, to be extremely difficult to repeal and get rid of a system which has been in place for three years, that would be very difficult. It would be very difficult. They can offer people alternatives to that system in which theyre able to choose their own doctors, for instance. It will be an extraordinary mess as more people have Insurance Company cancel them, and instead of pay for their health care expenses, they want to show people in these exchanges, that is when the rubber will hit the road. Stuart estimates and what is worse than obamacare, and your answer was the economy. You still say the underlining economy is in rotten shape. He still say that . Absolutely do. Should be 3. 3 . What the gap means is the economy is not getting sufficient jobs to hire all the people who have lost their jobs like the famous friday unemployment numbers are not even included because they stopped looking for jobs, underemployed or unemployed young people. Nearly 30 , you know that is probably understated. All of those people for the last five years have had little prospect of finding work and he has done nothing for them other than outsource the economy to the federal reserve. Stuart out say president obama is one of the most successful president s because he set out to change america and he has. It is my judgment he has not changed it for the better, he has changed it for the worse but he has been successful in changing america. What do you say . Speaker that is true, but he has made it look like france with two classes of people, those who have jobs and those who are happy and a large underclass of people who dont have work or are working in jobs with no prospect of upward opportunity for making themselves better. Stuart happy thanksgiving. We will be celebrating. Good stuff. Baseball players getting rewarded for cheating. A shortstop get suspended for using performanceenhancing drugs and then destroys his contract. As the dow goes up some more. With fidelitys options platform, weve completely integrated every step of the process,s, making it easier to try filters and strategies. To get a list of equity options. Evaluate them with our p l calculator. And execute faster with our more intuitive tde ticket. Im greg stevens, and i helped create fidelitys options platform. Its one more innovave reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Stuart i do believe this is an intraday high, it is a high outsource. Up goes the dow again, and the nasdaq up by a third, and it is up again this morning. Tiffanys really big yesterday, the stock is up again breaking 88 today. Hewlettpackard strong numbers yesterday, today the stock is up 8 . There is a winner. The online retailer amazon hitting another new high. That is a winner. I look at this one, google hitting a new high, 1065. Apple up big, up 10. Jcpenney is up today, how about that. Charles payne returns in a moment. Engine revs ] [ male announcer the mercedesbenz winter event is back, with the perfect vehicle thats just right r you, no matter which list youren. [ santa ] , ho, ho, ho [ male announcer ] get the allnew 2014 cla250 starting at just 29,900. Stuart the teen retailer giving a dismal forecast the stock is down big. Tommy how bad it is. Charles and i have never heard of it. What are we missing . Based in irvine, california. 18 retailer with surfing type stuff. Their profit is really dismal, did not impress wall street at all. Goldman sachs and all the others jumping on board and downgrading it. Earlier i said what is the market cap because it felt like it was small. Less than 200 million compared to abercrombie and fitch 206 billion. How about buckle . That is over two, just about 2. 5. Less than 200 million, tiny. Stuart nothing. Thank you very much, indeed. Charles is going to make us some money. First up. You have done this before. It is down 1 since i talked about it on the show. When a company with amazing value potential, just absolutely amazing versus poor execution. Same sort of deal. The company has grown like every year about 180 every year. 100 million per year to over a billion dollars per year. The miracle going on, hopefully starting to get their execution together, but the raw potential of this company, reserves u up 169 compounded annually. On this dip it is a buy. Mr. Mentioned they were reporting, they blew away the street i will not say it was dismal but the stock is getting absolutely crushed up 5 yesterday, 20 this morning. This in my mind is a significant overreaction. I do not like the one of these guys to say the street is wrong, i am right. In this case i would hope i am. Stuart appeared to getting suspended for performanceenhancing drugs means getting a raise. Just sign 53 Million Contract. Remember, he missed 50 games this past year for using those peds. I say that is cheating and getting rewarded for it. Baseball takes a black eye, what say you . I cannot disagree with you at all here. His signing after getting suspended getting 53 Million Contract is saying we dont care what you do, we just care about your productivity, we dont care about the message you are sending or why you are at the game, this is the best chance we have to watch you win. The word biogenesis, the first guy getting suspended was this guy. He goes out and says you got me, im taking my 50 games. So well for the tigers into the playoffs in left field and short the cardinals say we will give you 53 million to come play for us, we need a shortstop. To me it says surveys dont matter, we pretended to be disdainful and upset when this was all exposed and no legitimacy to the sport if we do not police from within. Stuart what do you say about football . I believe steroids use is fairly widespread and proven, hgh, human growth hormone, far widespread and proven in the nfl but nobody says anything about that, does not hurt the business. Is that a total contradiction with baseball . We have not looked at the performanceenhancing drug use in football however it is on the docket. The classic Bargaining Agreement was blood test. That is how you find out about hgh. Not how you find out about steroids. There is a delay of game from the union. Once we find out i believe, i believe we will look at the incredibly shrinking lead because when the steelers were winning the championship the starting center 225 pounds. There is nobody under 300 pounds on the offense if our defensive lines. As human beings you or i are not big enough to play football but as human beings we have not evolved to that point where we are growing at this rate. Not much has changed. I understand we work out more and we know more, but the hgh steroid use has to be looked at quickly. If you want to solve the problem, you take a bus hitting each other. Now i just feel another buzz on jet fuel, of course were going to have increased number of head injuries. If you can just stop the use of performanceenhancing drugs by testing it you will see less usage. By a situation where one guy does not want the other guy to get an advantage. Stuart an extraordinary situation. I think they took away a great deal from baseball. It really does remain to be seen at the same thing happens to football. Frankly i dont think it will, but we will see how things work out. I know you have a radio show to do. We really appreciate it. You are on with my audience. Spiegel im flattered indeed. Happy thanksgiving to you and your audience. Thank you very much. Welcome to our great nation. Stuart thank you so much. 15 minimum wage. A 3d gun printing ban. Have a lightning round for you. The stocks are up again. Stuart voters in seattle voted by an extremely narrow margin to raise minimum wage in the city to 15 per hour. Charles. Charles listen. Stuart we are. Charles philadelphia, lets talk about this. Stuart start with seattle. Charles the income inequality thing is skewed. When things get worse it is just going to drown out jobs. People have to have a better education to get the great jobb in seattle. Seattle a lot of rich people live there. This is like california passing other tax hike. Stuart they are doing it all across the country. In philadelphia they banned printing 3d guns. Charles maybe that is illegal, but if you own one of these things, isnt that part of the Second Amendment . I still have right to bear arms. If somebody else made it with the machine and sold it to me legally i should be able to keep the gun. Stuart bring the judge back, please. The post does not like capitalism, it devours human beings and the environment. Charles. Charles this is a tough one. Stuart tough . Charles im still digesting a lot of the things they came out with yesttrday. I have to say i am not going to necessarily agree with him. I have been talking about this because there is a battle out there not necessarily socialism versus capitalism but just a rejection of capitalism certainly in its current form and i wonder what people will think will be better than this. Talk about people being used, and the theme is all over in new york city of course electing them. Very successful, prosperous nation coming up. Stuart it is another trend. 15 per hour minimum wage. The pope does not like unfettered capitalism. Once more taxes, that is a trend all over the world. Charles there was a time it was anticapitalism. Stuart that was john paul. Your take coming up next. Ya know, with new fedex one rate you can fill that box and pay one flat rate. I didnt know the coal thing was real. Its very real. David rivera. Rivera, david. [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Stuart freemarket capitalism is a form of dictatorship. Here is what you had to say about that. Jones says capitalism is a system that allows us to reap what we sell, be all we can be, and i cannot think of another system that has such freedom, well said. Jesus is not a democrat or republican. When i go to church, and pushing the agenda from the all but i dont go back. You have 15 seconds. Charles you get weary when people use religion outside of religion to push a political agenda. Capitalism, americanstyle capitalism created the greatest country on the planet and we saved so many countries, not literally, economically, we are a model everyone should be embracing including americans. Happy thanksgiving to Connell Mcshane and all of our viewers. Connell i used to be an altar boy. Travel and shopping for the business world. Can people get their fifth thanksgiving, if they do go out and brave the elements, would they feel like going back and doing shopping, numbers coming up on those topics. Is it time for these guys to come out of hiding . Talking about the bears at the market. One of our Mission Managers will tell us what he thinks. Princeton is turning to an overseas the scene not approved by each the to treat this and meningitis outbreak, we will show you which companies are behind that so there is money to be made and the city concerns that may or may not surround that. Tomorrows business today, new