Transcripts For FBC Varney Company 20140331

Stuart look at this. Big rally on wall street. Janet yellen is driving it. Extraordinary measures. Interest rates are expected to remain low for a long time. The market probably likes that. Sixteen for is where we are now. Some of the dow stocks are hitting new highs. Nicole that is right. We have some record highs. We watch those at new highs. Stuart i really want the trumpets to be sounded right. All you naysayers. 4114 right now. Take that. Did you walk into mcdonalds and get your free coffee . Take that taco bell breakfast menu. Right now back up to 98. Just before i went away it was 93. 94. The market is rigged. Here is the clip from 60 minutes. Listen up. It is rigged. The most iconic market is rigged. By whom . The stock exchanges, the big wall street banks and highfrequency traders. Stuart he is referring to highfrequency trading. Just look at that chart. 8000 points over the last five years. On the one hand, you have that whopping great Big Stock Market rally. Michael lu is saying, this market is rigged and you and i and everyone else watching the show are the victims. It does not add up to me. To go through those lists to sell a book after you are already a bestselling author is despicable. He is conflating two different things, by the way. The big titans of wall street. The little guy who may buy 100 shares of microsoft. When we start to conflate these terms, we do scare people. We scare people watching the markets. I went to their website. They have an interesting video on there. They start out talking about equal opportunity. They have a blackett, a multiracial couple, a farmer spew to i do not get it. This is the book you are talking about. Charles the hero in the book his firm is idx. What they are trying to do is condemn all of wall street. All of investing. They say, i want an equal opportunity. What are you talking about . This is just ridiculous. This is what we get in this environment. If he made that argument, it would be even more legitimate. You only get billed on two tickets. This is not altering the price by 25 . Are you crazy . This is so reckless. So irresponsible. Stuart i think that we know where you are coming from. Is there any hint of conspiracy here . Do you see that . There was a conspiracy between big banks and highvolume sellers. And buyers. I agree that he has alleged this conspiracy. I dont even know if this is a crime. This information is publicly available. Somebody will buy 10,000 shares of google because they learned that someone else will buy 100 shares of google. This is so weird. Highfrequency trading has been around for a while. A lot of orders go to weehawken new jersey. Because the big boys have super fiber optics it is public. How do they acquire that right information . Stuart i have to wrap this up. We are out of time. I hope nobody is put off from buying stocks. Charles this information is leaked. Stuart our viewers should not be stopped from entering the stock market over the long term. Lets get to obamacare. You can bet that if and when they reach the 7 million target, they will sound those trumpets. Joining us now from capitol hill , republican from wyoming. Cooking the books with these numbers. Do you want to explain that, sir . What we do not know is how many people actually have insurance. We know they have gone to the website. We do not know how many have actually paid. When you look at a number of states that do follow this closely, they have actually paid to have insurance. They also will not tell you how many of the people that are buying insurance are really folks who have had their insurance canceled because it did not meet the obamacare regulations. How many of them have just purchased insurance. They are not really newly insured. The administration said they wanted to have 30 Million People who did not have insurance to become in short. We do not have any idea there. We do not know if it is the younger healthier group that is really signing up. According to the administration, 40 of the people that sign up, they need them to make it work. Stuart i am trying to lay out what will happen today. I know it has been extended. Theoretically, this is it. I think that we will see a pr blitz on the parties administration. On the one hand, i think we will have that span. On the other hand, we have the reality of these numbers. I think americans are totally confused by this. I agree. They are over to people who say they have been heard by the healthcare law. At the end of all of this, you have to say what do people have what they have is more expensive insurance. They will not be able to keep their doctor or their hospital. We know the top cancer hospitals in the country are not involved with most of the exchange plans. I worry more about patient care than i do the political careers of those who voted for this. Kathleen sibelius has been taking questions. She responded to one of your comments. Take a listen. I think that it is unfortunate that people who are not very enthusiastic about having the law work, have not done any outreach to their constituents. They are now suggesting that the enormous interest in enrolling for healthcare is not existing. It does exist. The senator should rest assured that his constituents will finally have real Health Insurance for the premium dollars. Stuart what is your response . I practiced medicine in wyoming for 25 years. I was there this weekend talking to people who have their insurance canceled. Stuart, i was a medical director of the wyoming health fairs for 25 years bringing lowcost screenings. The people in wyoming, their biggest problem is they have a preexisting zip code. This healthcare law has been devastating for rural america. Stuart thank you, sir. General motors has recalled twice the amount of cars that they sold last year. Tomorrow, mary barra will testify. The subsequent airbag failures are also linked to deaths. A couple bombshells that she will have to address. Federal regulators twice declined. Why was that . Gm reportedly rejected a fix back in 2005. It would have taken too long. This applies to meet significant liability. Financial liability on the part of General Motors. The present General Motors is to share and ceo. It is not the same corporation. The administration changed bankruptcy laws. They did a once in a lifetime bankruptcy. There is a catch here. If General Motors was aware of this and hid it from the public, that would be enough to pierce bankruptcy and argue to a federal judge now that present General Motors should be liable for the negligence and keeping from the public of what it knew was wrong. That billion dollars could be taken off the old General Motors. Right. Exactly. This may actually come back to taxpayers paying for this. Why . Because the government put its thumb on the scale. The taxpayer will get its money back. That is what happens when government intercedes. Stuart good to see you. Millennials do not trust the government. It is all because of the nsa. We are taking the cost of young voters. She is a former tech executive. She has a lot to say about the nsa. [ male announcer ] when fixed income experts. Work with equity experts. Who work with regional experts. Who work with Portfolio Management experts, thats when expertise happens. Mfs. Because there is no expertise without collaboration. Its the get growing sale from adt. Right now you can get 200 off adt pulse for Small Business and a wireless camera at no charge with a qualifying bundle. Woman when you own your own business, its a challenge to balance work and family. Thats why i love adt. I can see whats happening at my business from anywhere. Now manage and help protect your Small Business remotely with adt. Arm and disarm your alarm, watch secure video in realtime, and even adjust your lights and thermostat wherever you are. With adt, you get 24 7 protection through our Fast Response monitoring. The get growing sale. Call today to get 200 off adt pulse for Small Business. Hurry. Salends april 15th. I love the convenience of adt. I can finally be in two places at once. Helping to protect your business is our business. Adt always there. Millions have raised their hand for the proven relief of the purple pill. And that relief could be in your hand. For many, nexium helps relieve heartburn symptoms from acid reflux disease. Find out how you can save at purplepill. Com. There is risk of bone fracture and low magnesium levels. Side effects may include headache, abdominal pain, and diarrhea if you have persistent diarrhea, contact your doctor right away. Other serious stomach conditions may exi. Avoid if you te clopidogrel. For many, relief is at hand. Ask your doctor abouxium. Put it on my capital one i earn unlimited double miles. Hey, youre not the Charles Barkley . Yes i am. Nah Charles Barkley is way taller. Theres my picture on the wall. Yeah that could be anyone. What about my jersey over there . Oh yeah, thats your jersey. Theres my bobble head right behind you. Alright well let me see you bobble. Yeah, im just not buying it man. Earn unlimited double miles with no blackout dates from the capital one venture card. My brother john, he works here. John, you know this guy . Whats in your wallet . Stuart the rally has faded a bit. Triple digits. The price of gold, it has dropped below 1300. 1288. How about the price of oil. Now look at amazon i have a number for you. Only 29 of millennials expect the government to do the right thing. This downward slide is the result of nsa spying . Joining us now is christine. She is running for governor in arizona. She is a former executive of go daddy. That puts you in a tricky position. You were a Senior Executive at go daddy. It is reported that you gave access to the nsa to go daddy. On the contrary, there were nine major internet companies. You will see google and facebook and apple. There is one missing. I am the defender of the constitution. I actually did not participate. I had to come down on the side of protecting your privacy. I obviously got that wrong. As you pointed out, the nsa spying, the snooping is a very big issue with young people. I presume that what you did with go daddy, you will play that up in your campaign. You may think so. Getting young voters engaged is really critical. A lot of young voters has given their voice to young voters. One of the things that really resonates and voters in this state is the fact that there is somebody that comes out of the Business Community that is willing to stand up to the constitution for them. It is one of the reasons that i am running. It is very difficult to look at this from an objective standpoint. Unlocks all of the things that we talk about, whether it is immigration, health care, that may be the single biggest thing that resonates with people in this state. We are very interested in your campaign. We pay close attention to millennials. Thank you for joining us. Thank you for having me. Stuart two big wins for hollywood. Disneys frozen broke all kinds of records. Then we have no one. Did you see it . We want you to tell us what you think. Double local. When folks in the lower 48 think about what they get from alaska, they think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Thousands of people here in alaska are working to safely produce more energy. But thats just the start. To produce more from existing wells, we need advanced technology. That means hitech jobs in california and colorado. The oil moves through one of the Worlds Largest pipelines. Maintaining it means manufacturing jobs in the midwest. Then we transport it with 4 stateoftheart, doublehull tankers. Some of the safest, most advanced ships in the world built in san diego with a 1 billion investment. Across the United States, bp supports more than a quarter million jobs. And no Energy Company invests more in the u. S. Than bp. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. [ male announcer ] youre watching one of the biggest Financial Services cpanies in the country at work. Hey. Thanks for coming over. Hey. [ male annouer ] how did it come to be . Yours . Ah. Not anymore. Its a very short story. Come on in. [ male announcer ] by meeting you more than halfway. Its how edward jones makesense of investing. Your chance to watch full seasons of tvs hottest shows for free with xfinity on demand. Theres romance, face slaps, whatever that is, pirates, helicopters, piratecopters. Argh hmm. Its so huge, its being broadcast on mars. Heroes. Bad guys. Asteroids. Available only on mars. Theres watching. Then theres watchathoning. The local. Stuart you should see my seven grandchildren when they watch that movie. That is the movie that has gone where no other movie has gone before. It has passed toy story three. Noah opened strong. We will ask if this movie is sacrilegious. 12 30 p. M. Eastern time. He will be with us. Mcdonalds offering free coffee every day for the next two weeks. We are really excited. They have been asking us when we will get into the game. Stuart they are in the game. That is the taco bell guys. This is what mcdonalds tweeted back. The sincerest form of flattery. Look at the stocks. There is big money and breakfast. We started with 16 stocks. Your votes have narrowed it down. They are the four big names. They are going at it. The question is, which of these stocks would you like to own for the long term. Both please. Up next, the prairie chicken being declared a threatened species. It could be on hold because of that bird. Double local dad well, weve been thinking about it and were just not sure. agent i understand. dad weve never sold a house before. agent ill walk you guys through every step. dad so if we sell, do you think we can swing it . agent i have the numbers right here and based on the comps that ive found, the timing is perfect. Theres a lot of buyers for a house like yours. dad thats good to know. mom im so excited. Stuart look at teslas stock. Elon musk, hes been saying a few things. He is seen by many as this generations great visionary. He now claims tesla will be able to run in even the most extreme circumstances. Listen to this. Drive for free forever on pure sunlight. Thats the message were trying to con vain. So even if convey. If even if theres a zombie apocalypse, youll be able to charge your car. Stuart element, charles. You love this guy, i got it. But these visionaries, elon musk, hes saying drive forever on free sunlight. Theres an awful lot of visionaries who have driven a stock price up, and then it falls flat. Yeah, although stuart youre aware of the danger. Elon musk bought shares with his own money, he was a buyer on the way up. I think he really sees himself as someone whos continuing, you know, listen to the name. Tesla, you know . Nikolai tesla. He believes hes picking up the mantle from others before him. So far people have been richly rewarded who follow him, and i think mankind will be as well. Stuart okay. Hes a with thely maker battery maker, thats what he is. If he can solve the problem, hell make a ton of money. Thats just it. This has a watery, in this has a battery, the cameras filming us have batteries, thats ap amazing problem. Energy, fuel is an amazing thing. Stuart are you into tesla . Im not now, but if it goes into 200, ill be salivating. [laughter] stuart let me tell you, charles, and all of our viewers about another roadblock for the energy industry. Last week the administration placed the lesser prayerty chicken on the threatened prairie chicken, on the lesser threatened list. Its afraid of tall structures, so even Wind Turbines cannot be built in its natural habitat. Bill white is the author of americas fiscal constitution, he is a former deputy secretary of energy. Bill, welcome to the program. Its a pleasure to be with you. This is nonsense. The lesser prayerty chicken which inhabits states wes of the mississippi is declared threatened. You cant drill, you cant frack, you cant have a wind farm or a sew roar farm, this is ridiculous. I work, stuart, all the time with ceos and Board Members of large Public Energy companies, and they have a lot of complaints, but i havent heard any complaint about this regulation of the prairie chicken, so i think were going to stuart it is ridiculous. I mean, this is the Environmental Movement grasping at their last possible straw to stop fracking, isnt it . Well, ill tell you, fracking has been good for the environment because when you consider the fact that Greenhouse Gas emissions have come down dramatically in the United States, beeting the goals that were beating the goals that were set by the Obama Administration, they say goals for 2020, weve already beat those goals because of the substitution of natural gas for coal. Stuart when you were looking in the clinton administration, you had a very senior position in the energy department, did anything as radical come across back in those days . Well, yes. [laughter] there were, there were issues in the Pacific Northwest of salmon. The spotted owl. Salmon. I mean, you know, wherever you have a dam and you have a big river, which we do in the Pacific Northwest, you have clean energy. Hydro has no emissions. But salmon have a hard time getting upstream when theres a dam. Stuart so the damage can be done. I mean, you can really hold things up. And this prairie chicken might just do that. I dont know about that. Stuart youve written a book, americas fiscal constitution. The subtitle is its triumph and its collapse. You want a balanced budget right now. Yes. Stuart if we went out there and got our own energy reserves, wed come pretty close to doing very well on the budget wed do, id tell you what, wed sure cut that trade deficit, wouldnt we . And youve seen it become cut because were importing less oil. Its a great thing. And this natural gas revolution that were having is powering industry. Our petrochemical industry is beginning to displace the petrochemical industry in the rest of the world. Stuart yeah. But i tell you what, if you dont address rising medical expenses and borrowing to pay for routine expenses in the federal government, if you dont address those problems, then were not going to balance the budget be. And if we dont balance the budget and compound interest, then were going to have a problem down the line. Stuart as you sit back from your position, you live in the energy patch, you live in texas. Youre an energy expert. As you sit back and you look at this administration and its energy policy, what comes to mind . Whats your first thought . My first thought is about the same as most administrations which people give the federal government too much blame or too much credit for what happens in the oil and gas friday. This fracking oil and gas industry. This fracking revolution and the fact that natural gas is up has little to do with the federal government one way or the other, and so does the world price of oil. Stuart you dont think it makes any difference, the prairie chicken, the fracking, doesnt make any difference . Our hydro production has gone starkly up, and i disagree with a lot of policies of this administrations and prior administrations on energy. But ive got to say, by and average, the Energy Business right now is being driven by technological innovation in the Energy Business and the fact that we have good people working on it and good resources in the country. Stuart bill white, good stuff. Thanks so much for joining us, appreciate it and good luck with the book. Thank you. Stuart all right, next, even some Senate Democrats say they want to make changes to obamacare, but be will majority leader harry reid ever allow a vote the change the law . Despite all that good news, theres plenty of Horror Stories being told, all of them untrue. But theyre being told all over america. Okay, i now its my turn to try to make you some money. Forget about technology for a moment, take a look at kansas city southern. Always one of my favorite be rail stocks, first of all, the panama canal, a delay there hurt them bigtime, but also mexico, this talk of legislation because this company gets about 46 of its revenue from mexico trying to take away the monopoly and, yes, there is a hoho knoply there. Nevertheless, short term the stocks already been impacted. Their fiscal year outlook is absolutely phenomenal. They see every facet of their business going up. Chemical, industrial, agriculture, energy, intermodal and automotive all going to be extraordinarily strong. Also the energy, we always talk about energy. The crude Oil Operation is opening up in baton rouge, new orleans, take a look at kansas city southern. Not a day trade, but be youve got a 401 k , i think itll fit very nicely. Tdd 18888522134 there e Trading Opportunities tdd 18888522134 just waiting to be found. Tdd 18888522134 at schwab, were here to help tdd 18888522134 bring what inspires you tdd 18888522134 out there. In here. Tdd 18888522134 out there, tdd 188822134 there are stocks on the move. Tdd 18888522134 chart pattern recognition tdd 18888522134 whicshows you which ones are bullish or bearish. Tdd 18888522134 now, earn 300 commissionfree online trades. Tdd 18888522134 call 18888522134 tdd 18888522134 or go to schwab. Cotrading to learn how. Tdd 18888522134 our trading specialists can tdd 1888522134 help you set up your platform. Tdd 18888522134 because when your tools look the way you want tdd 18888522134 and work the way you think, you can trade at your best. Tdd 18888522134 get it all with no trade minimum. Tdd 188822134 and only 8. 95 a trade. Tdd 18888522134 open an account and earn 300 commissionfree online trades. Tdd 18888522134 call 18888522134 to learn more. Tdd 18888522134 so you can take charge tdd 18888522134 of your trading. Return on investment wall isnt a street. Isnt the only return im looking forward to. For some, every dollar is earned with sweat, sacrifice, courage. Which is why usaa is honored to help our members with everything from investing for retirement to saving for college. Our commitment to current and former military members and their families is without equal. Stuart we call alibaba the chinese amazon, and now its buying a 35 be percent stake in a they news brickses and mortar retailer. Its going to pay 700 million. We always show you yahoo s stock because yahoo owns about a quarter ofally papa. Lauren simonetti joins us right now. Why is this Online Company putting so much money into a bricks and mortar reporter whose sales are bigger than amazon and ebay together . Stuart thats alibaba. For 2012 the sails were bigger than those sales were bigger than those two together. The company in china has 24 department stories, the thinking here is twofold. Number one, they can take all of that invep story and maybe merge it with their retail sites, and the second point is when people go into stores, physically go into brick and mortar stores, they can buy things with their smartphone. So its merging the on rhine and the offline technology. Its called the 020 market. Stuart i wonder if amazon would do something similar, because its good logic. Thats very logical. Youve got all this inventory in these bricks and mortar retailer, you could just sell that online, why not. Fascinating. Reporter yeah. And theres a couple of names in china, buy dew is one of them, so this gives them bigger market share. Stuart its a good story. Lets get to nicole and google taking direct aim attritional television advertising. Theyre offering advertisers some guarantees on youtube . Is you want to tell we about that . Reporter thats right. And this has not been done before. Normally you would see this with tv networks and the like. Google up about twotenths of 1 . And tv networks have long offered audience guarantees, but now this is a new lure for google and youtube to offer guarantees to those advertisers, because its all about advertising dollars that make it this is for people that will be available to watch these things and have commitments to youtube. In the meantime, dont forget theyre battling now because theres some news that yahoo may be trying to stuart ill tell you a quick story, nicole. I was in arizona last week, late friday afternoon i see a guy with an ipad, and he is buying thousands of google shares. That guy must have been a big hitter, but he was buying by thousand, and he was going long no way stuart yeah. He saw a big decline in google. Now its 1122. This guy was buying by the reporter i have two questions. Number one, did he recognize you, and number two with, what are you doing hooking at his ipad . [laughter] he was, actually, commenting on what he was doing. Reporter oh. Does he know who you are, Stuart Varney . Stuart i was behind him, and he was talking to himself. Anyway, thats enough of that. [laughter] reporter good job, i like it. Stuart move to obamacare, yes, we must. Six democrat senators working to make changes to the law. But senator reid, who has been a staunch defender of obamacare and actually quite the highlight reel this the process. Listen to this. There are some people who are not like my grandchildren who can handle everything so easily on the internet. The example they gave is a 63yearold come became in woman aim in and said i almost got it, but every time i just about got there, it would cut he off. We have a lot of people just like this through no fault of the internet, but people are not educated on how to use the internet. I have never come to the floor and never said a word about any of the examples that republicans are given regarding obamacare and how its not very good. Despite all that good news, theres plenty of Horror Stories being told, all of them untrue, but theyre being told all over america. Stuart you know, about halfway through that series of sound bites there i saw senator schumer looking distinctly uncomfortable when senator reid was talking about difficulties of older people using the internet. You just saw him, republican congressman from ohio bill johnson joins us. Good to be with you. Stuart we started this block by saying several democrats in the senate, they want to make changes, specific changes to obamacare. My question is, will senator reid ever allow a vote to be taken . Well, im not sure anybody knows what senator reid will to will not do. Im not even sure that senator reid knows from day daytoday t senator reid is going to do. His claim that americans are not trained on the internet, look, they want 40 of the enrollees to be young people between the ages of 18 and 34. Is he trying to convince whos he trying to convince that that group does not know how to use the internet . I think hes wrong. Stuart hows obamacare playing in your district . Terribly, terribly. Weve seen in, many, many condition tip wents that have constituents that have lost coverage, see their premiums skyrocketing, losing access to their physicians. A lot of times, stuart, its when people come into their doctor with a letter that they have received from their insurance provider saying your doctor is no honger in the network no longer in the network, and you cant go to your doctor anymore, the doctors arent even being notified. Stuart youve seen this among your constituents . Yes. Stuart senator reid said theyre lying. Thats not true. Stuart respond to this. We have to continue to get the word out. We collect those stories on our web page, www. Billjohnson. House. Gov, and our constituents put in their stories. I talked to a cancer patient not too long ago who has lost access to their eye doctor. You know, they say, hook, we put our kids through college, we never ask a handout from anybody, and now here we are, and we cant get the coverage and the care we need because of this Health Care Law, and its hurting americans. Not to mention the hundreds of billions of dollars thats been cut out of Medicare Advantage which is a lot of seniors along my district. Stuart i presume that youve got a democrat opponent, because youre up for reelection this november. Thats correct. Stuart youve got a democrat opponent be, is he or she and i dont know who they are are they running away from obamacare or contradicting what youre saying . Whats their position . Well, we have not heard from any of the opposition in eastern and Southeastern Ohio because they dont want to talk about the Health Care Law. It is fox you can. So theyre trying to toxic. Theyre trying to stay in the background and not say anything either for or against. But at some point theyre going to have to come out and say where they stand on this law. Stuart is yours a rural constituency or suburban . Characterize stuart, we have some of all of it. Our district runs from an hour outside of cleveland to an hour outside of cincinnati, and its diverse on every level. We have urban areas, we have rural areas, but a lot of the rural areas. Stuart you know, theres going to be a pr blitz today, because the administration is going to say were very close to the seven million signups that we needed, and that was the target. Theyre going to say its a success. Its a victory. Were going forward. Things are happening. How will you respond . Well, how can they call that a success, stuart . They started out at seven million, now they lowered that estimate to six million, and we dont know today how many of those that have actually signed up, we know that they have selected a plan, is the term that the administration is using. How many of those have actually paid for their premiums . How many of those had insurance before this all started . And how many of those fall into that category of 1834 that theyre expecting to pay a disproportionate share of the cost of this Health Care Law . The best thing the president could do is delay it for everybody, and lets put in Common Sense Solutions that put patient and doctors back in charge. Stuart the chances of that are slim, slim and nonexistence. You and i both though that, but theres always hope. Theres 2014 and 2016. Stuart indeed. Bill johnson, republican, ohio, thanks so much for joining us. Thanks, stuart. Stuart all right. Where are we our rally has faded a little bit, were up 95 point toes. We were up about 150. And then weve got real estate. All about location. Next, you have 2. 5 million. What does that buy you . Depends on which city youre looking at. San francisco versus detroit, the 2. 5 million location battle. Huge disparity. Well show you next. Weekdays are for rising to the challenge. Theyre the days to take care of business. When possibilities become reality. With centurylink as your trusted partner, our visionary Cloud Infrastructure and Global Broadband network free you to focus on what matters. With Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. Every day of the week. Centurylink® your link to whats next. Stuart all right, lets speculate. Youve got two and a half million dollars, and you want to buy a house. Where you buy determines how much youre going to get with the money, doesnt it . Cheryl casone is with us for the first of her hot properties segments. Cheryl, welcome. Good morning. Stuart youve got San Francisco versus detroit. [laughter] lets start with San Francisco. What do i get for 2. 5 million . Itll buy you a threebedroom, twobath apartment south of market near the new baseball stadium where the giants, of course, play. 1600 square feet, 2. 5 million. It doesnt have a terrace, does have an outdoor pool. Theres a Fitness Center on site, you get two parking spots for your stuart hold on. Thats San Francisco. Did you say 1600 square feet . And change. Three bedroom, two bath. Stuart it is an apartment. Uhhuh. Yep. Its on the top floor. Now, its, quoteunquote, the penthouse. And a lot of the techies are moving into that area in San Francisco, its a very hot area for the entrepreneurs, and the place is beautiful, we should say. Were looking at pictures now. Stuart its nice. Youve got the glass ceilings, floor to ceiling, obviously. Stuart hold on. Detroit, 2. 5 million buys what in detroit . It better be a palace. You can have an entire building for 2. 5 million in detroit. Talk a look at what we found in detroit for 2. 5 million. A 10bedroom, 11,000 square foot home facility 1880. Built in 1880. It is actually right now a bed and breakfast that is going up for sale, but for 2. 5 million but, again, its a baseball story near the park where the Detroit Tigers play, this could be yours for the same amount of money. And get this, the monthly fees about break even with that threebedroom, twobath in San Francisco. So you can get an entire property here. Its converted. Its got everything that you need. Oh, by the way, 16car garage versus two spots for your car in that San Francisco stuart well, detroit, you need a 16car ive got to defend detroit, very walkable area. Its very livable. If you wanted to make it an Investment Property for yourself, stuart, that is an option for you. Stuart thats fascinating. 2. 5 million, San Francisco versus detroit, you know, what do you get . Well, its a socioeconomic story too, of course. We should say right now San Francisco is the most overblown i have seen it in all of my years of following real estate. And i used to live in San Francisco. Stuart so did i. Thats right. We both worked there. It is amazing what is happening in that city. Guys, im telling you, it has become a true pull in San Francisco, real estate. If you could go back today stuart out of time. That was excellent, cheryl. Thanks very much, opened my eyes. New at noon, more on the obamacare stories that harry reid calls lies, is the Mainstream Media covering those Horror Stories . Are they . What do you think . Thats coming up. Plus, we ask a priest if the movie noah is sackly lishes. Were back with you two minutes from now. Friday night, buddy. You are gonna need a wingman. And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy to search hundreds of cards and apply online. Creditcards. Com. [ male announcer ] how did edward jones become one of the biggest Financial Services companies in the country . Hey. Yours . Not anymore. Come on in. [ male announcer ] by meeting you more tn halfway. Its how edward jones makes sense of investing. Stuart you know, i really thought this was opening day. But now im told the opening day game was played last week in australia heres what we do have for you this monday, march 31st. Great to be back. The richest Congressional Districts are all represented by democracy. So which really is the party of the rich . The california bullet train slows down, the biggest Big Government boondoggle of them all, looks like its done. Our media watchdog brings us obamacare Horror Stories which the media did not cover. A jesuit analyzes noah, this weekends box office winner. Has it got anything to do with the bible . Is it sack religious . And heres a shocker, 62 of millennials think our National Debt is the biggest threat to our National Security. The administration said they wanted to have 30 Million People who didnt have insurance become insured. We dont have any idea there. The people in wyoming, their biggest problem is they have a preexisting zip code, and this Health Care Law has been devastating for rural america. Stuart all right. That was senator John Barrasso in our last hour. He calls the obamacare enrollment books cooked. Todayed is the deadline, and we can expect to hear a lot of cheerleading from the administration about reaching the goal, seven million, in the next couple of days. What you will not hear is the Mainstream Media telling those obamacare Horror Stories. Tim graham from the Media Research or center joins us now. Give me a horror story that you know that its true and weve not seen reported in the establishment media. Go. Well, the one i like the best, actually, they did do a story on cbs pause its a 4yearold girl. Now, they put this on a saturday night so, you know, the lowestrated night of the week. But its the only one weve had on abc, cbs or nbc in the last three months. Basically, a 4yearold girl who was denied care because the plan didnt match with obamacare, and the doctor comes in and tells them, you know, this is happening a lot. Theres a lot of denial of care. This is, obviously, something that we should have all understood because, obviously, medicare does a lot of denying of care. This is the sort of thing that the Mainstream Media didnt take seriously in 2010. Certainly something theyre not taking seriously in 2014. Stuart so from your observations, the Mainstream Media has not changed its position. Its still beating the drum for obamacare and ignoring the clear, obvious problems that obamacare has brought with it. You and i talked many times over the past year, and i often thought that maybe the media was at that turning point, that maybe things were so bad that theyd start reporting what was really going on. But youre telling me not so, theyre still the same. Well, obviously, it was un avoidable during the rollout in october. What i would have said to you then was give it time, theyll drop it. And all this year theyve been dropping it. This weekend as we head to the enrollment deadline on the Major Networks this weekend, 16 seconds. Stuart thats it . 16 seconds, thats it . Yeah. Stuart well, you know, today the administration is almost certainly going to claim that theyve come very, very close to the seven million target. I think that told theres going to be a huge that today theres going to be a huge pr push claiming victory, claiming all things positive for obamacare. And i suspect that if youre right, i suspect its going to be all over the establishment media tonight, praising obamacare. Can see it coming. Well, obviously, today we saw for the First Time Since last september when the health and Human Services secretary, kathleen intel yous, told dr. Nancy schneiderman, success looks like seven million enrolled by march 31st. Thats what theyre going to claim today. Nbc ran that sound bite today for the First Time Since september. They havent wanted to focus on the markers offing success. Theres just no focus on that whatsoever. The main thing weve gotten in the last couple of weeks was everybody cheering on the morning shows about how funny obama was being interviewed by zack galifianakis. That qualifies somehow as coverage because thats how he hes selling it. Stuart yeah. Im sure youll be tuning in to see how they do report the target on the deadline. Thanks for joining us, well see you again spoon. Finish soon. Look at facebook. Has the Company Become too big for its own good . We will talk about that in the real halftime report. Its up a buck. Micron technologies leads the s p 500, big gain, 7 . It reports its profits after the bell on thursday. The analysts have high expectations, thats why the stock is up 7 as of now. Micron, 23. Check the big board, the markets off its earlier highs, but its coming back again. A lot of investors talking about what author Michael Lewis said about High Frequency trading on 60 minutes last night. Listen yourself. The stock markets rigged. The United States stock market, the most icon you can market in global capitalism, is rigged. By whom . By a combination of the stock exchanges, the big wall street banks and High Frequency traders. Who are the victims . Everybody who has an investment in the stock market. Stuart well, thats a pretty broadranging statement, now, isnt it . Sandra smith is here. You fired up about this one way or the other . Yes. If youre saying that because i was emailing away to your producer this morning when i saw this news, and i didnt see this last night, but ive seen and read now all Michael Lewis comments. His, quite frankly, this does not render a response from me. These comments from him in this book that i have not read yet but what he says its about, its uninformed, its irresponsible, and its being written by someone who has never sat in front of a bidask, in front of a stock in his life. Stuart hes saying that these High Frequency traders would be able to buy, say, microsoft this morning at 41. If i bought it, it would be 41. 01. Theyre getting thats what hes saying. Let me tell you something, there was a day where the specialists that made a lot of money stood on the floor of the new york stock exchange, and on microsoft there could have been a 12. 5 cent spread. That spread has now narrowed to a fraction of a enemy. That is, unfortunately for them, not allowed them to make very much money. But that has improved the price discovery for every investor whether a Big Hedge Fund or a mom and pop investor at home. You are getting more liquidity. You can get in and out of microsoft shares much easier, and youre getting a better price today because of High Frequency trading. And any inefficiencies that there are are the fault of the structure of the sec who wants to say that were the victims. They have dropped the ball on regulating the stock market in many ways, and what do they want to do, stu . You talk about it all the time, they want to regulate more. When theyre saying they dont have the time or money to regulate the rules that they have in place today. Stuart okay, sandra [laughter] maybe i was a little riled up. Stuart no, that was good. Thats rational. Im very confident in these markets, and its unfortunate that someone tells mom and pop at home to not have your dollars in the stock market. Its irresponsible. Stuart yes, it is. Well said. Two items that General Motors is going to have to deal with. Number one, federal regulators twice declined to open formal probes into complaint about gm cars. Why did they decline to do that . Second, gm rejected a proposed fix nine years ago because it would have taken too long and cost too much money. So, nicole, why dont you bring us uptodate on gms stock. Reporter yeah, that doesnt sound good. Down 1. 1 on those headlines as well as a few others, the stock is down 16 this year. Some more headlines that go along with gm, the barrons blog talks about gms loes are fos gai, wreoingo be itinto hr fmhe partnt traporttion inpect on wdnesy, so therll somhatt the. D yohaveitigupall th moing st sang tat yo cou reay buyon tm weakness, but know that that theres risk involved. Stuart look at blackberry, the stock price is down today, but were getting some evidence that perhaps we were too quick to put it on death watch. Most notably, the connected car market. Blackberry is the leader, i believe, fill me in on this one, lauren. Yeah. I think we were too quick to put blackberry stuart oh, ias. Market share, but in Car Technology blackberry back in 2010 bought qnx for about 200 million. And by the way, they were founded on a college campus, right . Stuart another one. But qnx is in so many vehicles, reportedly coming to ford, but its in hyundai, chrysler, land rovers, bmw. So blackberry, through qnx, very well does dominate the thisdash technology thats really the next marketplace for these technology companies. By 20168 its going to be a 53 billion market. Stuart whoa. You said the indash wiring. So im looking at the dashboard, look at the electronic displays, thats provided by blackberry . Through qnx . Absolutely. Stuart so theyve got a franchise that they can muscling. Theyre not dead. Not dead at all. Theyre just switching their focus. Stuart so investors, therefore, are looking at what is the value of this qnx connection to the wired car. And theyre saying, well, 8, 9 a share. Thats what theyre saying. And you have to remember that competitors to this, yes, its apple, yes, the its google, the lust goes on, but blackberry does work in collaboration with those companies as well for all of this technology, so i wouldnt write blackberry off just yet. Stuart you keep telling me stuff i dont know. [laughter] very good. Well, theres not much you dont know. [laughter] or you, sandra. Stuart what youre saying is straighten him out. Hes just back from vacation. Another problem, there are many, many problems with the california bullet train. Apparently, it wont be as bulletlike as originally promised. Regular service between l. A. And San Francisco, that can take about a half hour long or than the two hours and 40 minutes that voters were originally told. Sandra, i say this thing is dead. Well, yeah. I mean, once they figure out how to pay for this, then well really believe them. Listen, when theyre adding this extra half hour, theyre saying this is accounting for weather and driver delays, maybe somebody doesnt show up on time to drive the train. So thats a little to be sure here. But nobodys got any confidence in this thing. Stuart no. They cant fund it, its being challenged in the court the way they wanted to fund it. Its going to take longer to do this trip. At the moment, it doesnt link l. A. And San Francisco, and probably never will and everybody drives there. Stuart everybody drives. However, the kicker is to me, the gentlemans name is jeff morales, he says, you know, maybe if we got some federal taxpayer money, we could create 6,700 jobs. Thats the ace in the hole, isnt it . Oh, yeah. More federal funding will cure this whole project. Stuart cure it . Yeah. [laughter] stuart well see. Thanks, everybody. We cover the voice of the young very closely on the program, and next, three issues that millennials care about the most. One of them, believe it or not, is the debt . Stuart line up quickly, mcdonalds offering free coffee. Thats in response to taco bells new breakfast menu. All right, lauren, all this talk about breakfast, its got to be that breakfast is big money for the fast food guys. Huge money for the fast food guys and now a lot of competition. Its not just taco bell, but starbucks revamped their menu, and now mcdonalds saying, hey, come in between 6 30 and 10 30 in the morning, a small coffee is free. But between 6 30 and 10 30, four hours, in those four hours mcdonalds does a quarter of its overall sales in the u. S. Stuart a quarter, really . 25 confirmed from mcdonalds. Stuart the theory is that breakfast youll eat twice. Youll eat something before you leave the house and again on your way to work. Thats why its big money. 1. 4 times a day, thats how many breakfasts we eat. Stuart thats accurate . Yeah, it is. [laughter] stuart i really am learning a lot back from vacation, lauren, i do appreciate it. Thanks very much, indeed. All right, youd better take a look at whats leading the dow. Ive got a vested interest in this. I am a shareholder of microsoft, and look at it go. 41. 27 as we speak. Trumpets, red carpets, everything. Can you believe this . Look at that on decent volume, too, 20 million shares traded. Stuart decent, indeed. Wheres Charles Payne recommending microsoft . Where is he . [laughter] he left that one up to you, stu. Stuart thank you very much. Ill take 31, okay . Retirement around the corner. A new poll from pew shedding light on the issues that matter to those allimportant voters, the millennial generation. Youve identified three issues of big concern to my lend yalls, and the first one im very surprised to say is debt. Really . Yes. Yeah, absolutely. And, stuart, the 67page pew report, an issue that wasas the. But i always go back to this poll two years ago when they asked millennials what is the Number One National Security Threat to you, wasnt russia, wasnt terrorism, it was by 63 the National Debt. I think its a winning message, and representative aaron shock has the right idea when hes going around telling millennials right now every young person eaus 52,000 owes 52,000. Stuart thats not the pew poll finding thats a a poll from a couple of years back. Thats right. Pew avoided that issue. Stuart tell me honestly, do you think if the same question were asked today of millennials, do you think 62 would say debt the biggest National Security threat, really . I do, stuart, because this is something that millennials understand. A news story came out a few weeks ago that millennials are the most fiscally responsible generation. Look at their student loan debt. The average millennial carrying around 27,000 worth of debt. Thats a lot. Thats a message tear living in their daily life. Stuart okay. Issue number two from the pew poll, obamacare. Yes. Thats the winning issue. Only 40 of by eleven yalls support obamacare at the moment, and thats only going to get worse because skyrocketing premiums, my eleven yalls are facing, especially those who do have a job, weve already heard Kathleen Sebelius say premiums are going to go up in 2015, so that numbers just going to get worse. Obamacare has failed you is a winning message. Stuart heres the last one, and this has always been, to me, the big deal for millennials, and thats privacy. The nsa snooping. Is that the number one complaint the millennials have about this administration in. 100 . That, you hit the nail on the held, that is the absolute winning issue for millennials. Obamacare had one rallying point in 2008, and that was samesex marriage. He made millennials feel excited about it. Im part of this new civil rights movement. The issue this time around is nsa spying. They went from having a 44 trust in government preobama to a 29 trust that the government will do the right thing. Thats because of the nsa spying scandal. People like rand paul have the right idea, bringing this message to millennials. Stuart i dont see millennials going out there and enthuse be yeahsically turning out by the million to vote for a republican candidate. I see the, slightly opposite of that which would be millennials turned off by the Obama Administration and just not voting in substantial numbers. What do you say . Thats right. Theres an enthusiasm gap, and thats where republicans have to come in, go to millennials, go on facebook, go on mtv, go out with zack gal my knack cuts or someone of that nature on the republican side, go to millennials because they wont show up, youre exactly right. They wont vote. So its up to republicans to go and court them in the way that obama did the last two elections. Stuart have you any thoughts on running yourself . Running myself, stuart . Perhaps eventually. I think there needs to be a new sort of libertarianminded candidate, and i think theres room for that. So eventually, perhaps. You never know. Stuart ive got a good idea. Kaley, thanks so much for joining us. Appreciate it. Met me show you the big board because thal his come all the way back, now were up 140 points. This started earlier this morning when janet yellen said extraordinary commitment still needed for some time. In other words, shes going to keep Interest Rates very, very low which makes the stock market very attractive, were up 141. If the republicans are the party of the rich, then why do the cups richest congressional countrys richest Congressional District swing always democrat . My take on that is next. [ male announcer ] when fixed income experts. Work with equity experts. Who work with regional experts. Who work with Portfolio Management experts, thats when expertise happens. Mfs. Because there is no expertise without collaboration. Mfs. Pcentury link provides reliable yit Services Like multilayered Security Solution to keep your Information Safe secure. Century link. Your link with whats next. Your chance to watch full seasons of tvs hottest shows for free with xfinity on demand. Theres romance, face slaps, whatever that is, pirates, helicopters, piratecopters. Argh hmm. Its so huge, its being broadcast on mars. Heroes. Bad guys. Asteroids. Available only on mars. Theres watching. Then theres watchathoning. Stuart well, look at this, everybody, t is a rally. Janet yellen says that the tbeen takhethat means interest y low. Shes not going to cut the amount of money that shes printing. Thats my interpretation. Up goes the market. Look at that. In a moment, a jesuit priest weighs in on the movie, noah. Were going to ask him flat out, is it sacreligious . And is the market rigged . Our Market Players weigh in during the real halftime report. Conventional wisdom says this that republicans are the party of the rich. Youve really got to laugh. Its simply not true. Heres my take. The six richest Congressional Districts are all, all of them, represented by democrats. The richest of them all is the 12th district in new york city where the per capita income is 75,000 a year. That is 75,000 for every man, woman and child in that district. They elected carolyn mahoney, a democrat. Second is the district around beverly hills, california. 61,000 per capita income represented by henry waxman, a democrat. Nancy pelosi, democrat, and she represents a very wealthy area in northern california. Overall, wealthy people are represented by democrats. Middle america represented by republicans. Wait a minute, wait a minute, whats going on here . Its surely not supposed to be this way, is it . Weve been told for decades that democrats were all for the poor, and it was those wicked republicans who were all for the rich. Its just not true, is it . In fact, its the other way around. Democrat policies favor the status quo, not real mobility up and down the income scale can. Oh, no. Just bar the door and hold on to what youve got. Look at whats going on right now. The rich are doing very well, thank you, and obamas policies are killing the middle class. You can understand why democrats attract the votes of the wealthy, cant you . But it seems to me the jig is up. The cries of tax the rich are getting stale. Senator reids sourfaced attacks on wealthy republicans are falling on daf es, a th ru r helthare sytemscleay t fau of th esidt, decra mocrtsare t blme r amecasecle, d i see to th a potic shift is coming. The republicans now have a great opportunity to represent americas strivers, the people who want to work, who want to get ahead, who want to climb the income scale, appeal to americas beatendown middle class. Thats where americas Forward Momentum has always come from. Weestrict crt that theh y ug l fic i dicwh voters want growth, lower taxes and far be less government. Stuart i do apologize. I made a mistake on a name earlier. Higher prices giving a producer a nice profit. A nice sales number. They specialize in cage free and that kind of thing. Doing very well. Look at that. Very interesting. Previously, they were up more than that. Found the alarm bells. Hotair Global Temperatures may also worsen mobile conflicts. Sandra it will all be threatened by these rising Global Temperatures. Cost of Climate Change will be catastrophic. I see it on the front page of the new york times. Worst is to come. Affects already felt. Un groups, when . It is scare tactics using Climate Change. I am desperate to find out when it will hit. Prince charles, a notable greeny from england went public and said we do not even have 18 months. Now, that was three years ago. I keep getting these deadlines. It will hurt. It will hit. It never does. Sandra this report was not specific. Stuart why should they . Noah is facing a lot of criticism. Some say it has nothing to do with the biblical story of noah. We are joined now by a father. Old testament scholar and priest. He saw this movie. Very simple straightforward questions. Is it sacrilegious . I would not call it sacrilegious. I would agree very strongly. There is very little in common. Stuart were you in any way offended, sir . I would say that i actually started laughing at some of it. Stuart yes. I laughed out loud. In those days, people did not know how to make pottery. This is something to see all of these characters with metal weapons, metal armor and things, for someone who studied cultural anthropology, it was ms. Making of his own doing. Stuart you are a biblical scholar. Do you take the story of noah literally . This happened. Is it real or is it symbolic . It is something that represents a real event. As the ice melted, it was suddenly flooded. The flood story is told everywhere. They build this large boat and save the animals. This is part of what is going on. Here is the key. The story in the bible is saying the flood was sent as a punishment because people were all moral. They said, no, the gods punished people in order to punish a god. They could not punish her. Stuart you have taken us into unknown terror territory. Up next, our march madness tech tournament. Which company will take the top spot . We will break it down in the real halfhour report coming up next. agent i understand. dad weve never sold a house before. agent ill walk you guys through every step. dad so if we sell, do you think we can swing it . agent i have the numbers right here and based on the comps that ive found, the timing is perfect. Theres a lot of buyers for a house like yours. dad thats good to know. mom im so excited. When folks in the lower 48 think athey think salmon and energy. A, but the energy bp produces up here creates Something Else as well jobs all over america. Thousands of people here in alaska are working to safely produce more energy. But thats just the start. To produce more from existing wells, we need advanced technology. That means hitech jobs in california and colorado. The oil moves through one of the Worlds Largest pipelines. Maintaining it means manufacturing jobs in the midwest. Then we transport it with 4 stateoftheart, doublehull tankers. Some of the safest, most advanced ships in the world built in san diego with a 1 billion investment. Across the United States, bp supports more than a quarter million jobs. And no Energy Company invests more in the u. S. Than bp. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. Right off the bat, lets check mcdonalds. Offering free coffee every day for the next few weeks. Lets take a look at amazon. Com. One of the Distribution Centers is on site of the distribution case. Next up, ali baba. We call it the chinese amazon. Check out shares of yahoo . They own about a quarter of ali baba. Check shares of blackberry. They want a court order against tv host ryan seacrest. So i can reach ally bank 24 7, but there are no branches . 24 7. Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. Stuart our first day back. Second hour of the show. Charles in San Francisco. Deidre, sandra smith, Charles Payne, they are all here. Michael lewis. Charles, you first. What do you say . I would agree. Stuart scott, what say you i think ultimately we would like to see everybody that is in the market have some sort of real economic function. People need to serve a real economic purpose. Her new show starts in 15 minutes. You certainly cannot ignore it. 75 of trade are done through this highfrequency system. We will be showing our viewers exactly how it works. A frequent star. Keeping an eye on facebook. It is up today. Charles sizemore, is facebook a buy at 60. That 70 level. Disney stock has been a winner this year the 20 i am the mother of boys. No. I have not seen frozen. The lead character is a girl trying to find her sister. It has moved into the top spot. Top grossing animated film. Still it moved into the top 10 grossing film of all time. Not just animated. Stuart i am surprised to hear you say that. My gamb my grandsons loved it. Nicole i am not saying there is anything wrong with that. I grew up loving disney movies. I think that this is a remarkable story. The company has been big headaches. Gm rejected a fixed years ago. It has been taking too long. Scott shall it be, your thoughts on General Motors, please. I think that they will be in trouble for the next few months. Maybe a couple of quarters. I have said it before, ultimately, they will recover. Just how long this drags out will always be a black hole. Stuart how about you charles . Charles i think that scott did it spot on. They will like the risk reward. We started with 16 stocks. Apple versus amazon. Stuart apple or amazon. Charles maybe one day they will get a spark. I think google is the name to be. Stuart apple or amazon . I agree with charles all the way. I am going apple. Apple makes money hand over fist. Stuart scott, google or ibm, apple or amazon . I would say google. Really it will be google. Stuart that is a tantalizing laugh line right there. That is it for the real halftime report. Thank you to everyone. Charles remains. He is still here. He will tell us about a stock that our viewers told him about. Sirius xm. Charles a lot of people loaded up. They may be taking a loss. Stuart we are on channel 113. Charles they will make money. A middle School Student doing what politicians do. We have the details. Next. Ive always kept my eye on her. But with so much health care noise, i didnt always watch out for myself. With unitedhealthcare, i get personalized information and rewards for addressing my health risks. But shes still gonna give me a heart attack. Thats health in numbers. Unitedhealthcare. Time to take care of business with century links Global Broadband network and Cloud Infrastructure. We constantly evolve to meet your needs every day of the week. Stuart a middle School Student has a plan to save the government millions. All washington needs to do is switch. Lauren simonetti has the details on this one. A pennsylvania student and six in six great says he can save his school money by switching to garamond. You can see they look similar. A lot thinner. More narrow. The government would save 136 million on an annual basis. Stuart it is the cheaper font. That is just the federal. Stuart you thought about government. I do not print out much stuff. I do not use it. You are way ahead of me. I still print. It is easy to read when you print. Am i alone here . I make marks on my pages. Stuart i bet you i am the only person in this room, in this entire buiing,hattillas worng tewrir a hom i have one. I have to. Stuart your take is next. Stuart i was in arizona last week. I see a guy with an ipad. He is buying thousands of google shares. I do not know how that got in there. Sorry about that. We are flat out of time. Welcome to day one of risk and reward. A brand new show on fox business. Our ambition is to give you more ways to invest your money. Our top story, highfrequency trading. Author Michael Lewis dropped a bomb on wall street last night. He said average investors in the stock market do not stand a