Transcripts For FBC Varney Company 20140425

Around ukraine. The market does not like it. Russian troops lining up at the border, Vladimir Putin says there will be consequences if ukrainians go after perot Russian Forces inside the country. John kerry says if russia ignores the agreement to be escalate the crisis it would, i am quoting now, not just be a grave mistake but inexpensive mistake. He is threatening more sanctions. What is the financial response . The russian stock market is in freefall, standard and poors cuts russias debt, it is one notch above junk. Moscow hikes in Interest Rates. Look at that, the dow a big triple digit loss, nasdaq down big as well. Sandra smith, americas love with me. The market, americas market is down because of russia. It is on the rate of the nasdaq is leading the selloff stuart amazon is down. That is a special case, one of the leading things in the nasdaq. I am not going to eliminate the possibility ukraine is causing some selling. It is in the back of everybodys mind if youre going to buy into this market, major tensions geopolitically. Stuart gold is up 10, gold is up. Russia, clearly hurting financially. John kerry friends were sanctions. Pressure on russia could work . If we had actual sanctions on russia, yes, they be. President obama is not cutting off russia from the system. Russias behavior, i think that is where the word comes from. Begging for more sanctions. Begging for more help. Stuart you can still move money around the world very very easy. I put it to you. If you did interrupt the system, there would be significant fallout here as well. What do you prefer . I think i would prefer the latter. Stuart what will happen here . If there is any major destruction, oil would be bid. Oil is down in todays trading session. Stuart lets move to individual stocks. We mentioned amazon. Down. I mean way down. We have the same old story with amazon. Another example of that. Big news that amazon is testing its own Delivery Network. Sandra, they want to take the package that is delivered to you the last mile. Sandra they want more control. Their profits were up 23 . 20 billion in sales. The prophets were a measly 108 million. What is cutting into that . Delivery costs. They are trying to get a grip on that. It is missing a major debt in their profits. Stuart they plugged everything back into the business. Now, it is not working for them. Sandra have to do something about those shipping costs. Sandra this also enables them to deliver sameday. Things that are making the shipping world completely come positive. They force other companies to compete and compete more efficiently. They will force them into bigger losses. Maybe we will finally have a conversation in washington. Stuart do you want to traumatize them . It may force us to have a discussion about that and that is a good thing. Stuart whether or not amazon could or should by the u. S. Postal service and take it over. I do not think that they will. I have a couple more big names. We followed them closely. It is a mere 0. 02 higher. 39. 88. Pandora cut its losses. Listener growth disappointed. Down it goes. Nicole, Ford Motor Company. I have to believe the stock is down. Nicole the stock is down. We know that the f series continues to do so well. Mark fields has been soon named back as a disaster. Stuart they tried to sell me one. Remember . I am not in the market for an f150. I will be in the fall of this year. Nicole note to fort. See you in the fall of this year. Stuart thank you very much, indeed. Lets get to politics. Hillary clinton already courting millennials. She was shunned by them in 2008. Reportedly, she will not let that happen again. Kaylee is with us. Tell us how ms. Clinton is courting people like you. Millennials. Yeah, it is really interesting. Many of the engagements are at college universities. Wednesday, she went to uconn. Talking basketball. Really trying to be likable with these millennials. In addition to hillary, the super pack is ready for hillary. Brought on board rachel schneider. Obamas National Youth coordinator. She has already set up hillary organizations. They are already working from the bottom up. I am not sure republicans are putting in the same effort. I have to believe that Hillary Clinton is the front runner. Mullaney earls view her favorably. With that being said, i really think that going into college campuses, this is what needs to be done. They recruit officers and they have this group of support. It is a really good idea. Stuart are you tempted to go out and get a government job, in which case, you would qualify for the forgiveness of your Student Loan Debt in a few years. My belief is really the private sector is the way to go. I want to go out. I want to earn. I want to put my skills to use. I do have Student Loan Debt. I can sympathize with a lot of these millennials. C 2 to go into politics . Do you go into television . Who wins . I could be pulled either way. Stuart you could have my job if i am not careful. No, stuart, you are great. Stuart bad news for the housing market. Rising Interest Rates. Sandra it has gone up substantially. We saw Interest Rates shoot up. This is not a real market. Look, my fear is that if we do see this, you will see washington step in and say no. Please go out and start lending again. That is what i watch. Stuart it does not look like we have it right now. Housing is not an investment. Stuart no longer a bright spot. It does not lead Economic Growth hard case right there. Tell it how it is, young lady. Time is money. Free headlines for you. Check this out, please. Look at that. Chuck aaron performing stunts. He does barrel rolls. It is a dramatic video. Red bull logo. all over the side of the helicopter. Your grandkids millions of views. Next item. Happening this morning. Northwestern Football Players voting on whether or not to unionize. Remember, the nlrb already ruled that those scholarship players are university employees. To baseball, yankees pitcher Michael Pineda thrown out of the game on wednesday for using pine tar. Up next, job coaching in silicon valley. Tech giants settle for 325 million. Does not seem like a lot of money. You are miles and miles from your nice warm bed you just remember youve got a friend in me yeah, you got a friend in me one of the miller twins has a hearing problem. And shes fed up with the daily hassle of her old hearing aid. So she got a lyric in her life and everything changed. Which one . Youll never know because the lyric is in her ear. 100 invisible. You cant see it, and its the only device that works round the clock with zero daily hassle. No batteries to change. No taking off and putting on everyday. In their report, a leading newspaper said lyric appears to have overcome many of the problems associated with traditional hearing aids sound good . Call 1 800 350 3292 now for your risk free 30 day trial. This is the lyric. Its teeny. Its soft. Lyric fits comfortably at the sweet spot right next to your ear drum for truly natural sound quality. In fact, 95 of lyric users prefer lyric sound quality to their old hearing aid. It sounds like the hearing that i remember hearing when i was young. And finally i was able to hear what people had to say and i hadnt realize id lost that much in those years. So it was terrific. The quality and clarity of sound is unlike anything ive experienced. Now the miller twin with lyric can hear and do most everything her sister does twentyfour seven. So which twin hears clearly now . Both of us call 1 800 350 3292 right now for your risk free 30 day trial and experience hearing with zero daily hassle for yourself. Lyric is effortless. It gives me complete freedom. Once theyre placed in my ear, i never think about my hearing loss again. Showering is not a problem. Traveling is not a problem. Theyre hassle free, theyre 24 7, theres no maintenance, theres nothing to do. Theres just absolutely no reason not to try it. 100 invisible hearing is wonderful. Finding one that works 24 7 with no daily hassle is just too good to pass up. So call now and ask about your risk free 30 day trial. Get a lyric in your life. Stuart we will call it a selloff, shall we . Down 147. It is just. 89. Where is the price of gold this morning . It is up 11 higher. I thought it would go up. Starbucks attracted more customers. They spend more on each visit. The stock is up 0. 49. Look at tesla. Tesla should be able to sell its cars directly to consumers. It should not have to go through dealers. Lets get to that story on steve jobs. Really nasty emails. They came out during a lawsuit. Colluding to keep wages down. One email sent to steve jobs, Googles Eric Schmidt said he filed a recruiter who was trying to poach apple employees. The firing news came through. That is a lot of hostility from steve jobs. I do not think it is any surprise that steve jobs got excited and was a bully sometimes. Do you really believe that 64,000 people were affected by some sort of collusion. The government has an unlimited check both. Well, there are often other fact theres. You do not think that there was collusion on a mass scale. We do not know. We have not read all of the documents. There were some very selective email cases. Nothing going on behind the scenes. Stuart lets bring in the attorney. It seems to me that the technology companies, the workers, they got them called. I do not care whether they were selective or not. Why did they settle for a lousy 324 million they brought this case to state court. The defendants have that option. It is under a state antitrust action. Stuart why did they settle for a lousy 324 million . The case is not quite as strong as you would think. There were two claims. We colluded not to hire each others employees. The fact of the matter is, while i agree with you, i think if you crunched crunch the numbers and found out he was underpaid what, it probably attracts the settlement. They sued for 3 billion. Guess what, you can triple the damage. That is all the more incentive to just get out. Stuart where do i begin with this. Technicalities. I have my attack already. You just informed the jury. [laughter] stuart this page under 24 million, the lawyers will take 100 million of that. Probably. It is outrageous. Class actions are an interesting animal. If a client says i have a 5000 plan for wages, i cannot really litigate that. You pile it all together. The lawyers end up winning. Stuart you do not think that they got those technology companies. No. Stuart that is collusion. You are talking liability and you are talking damages. They colluded not to hire each others employees. It is crystal clear. Stuart a digression. The point is in terms of damages, i am not so sure they could have proven people were underpaid much more than it comes out to. Stuart apple made 10 billion net lien profit. You do not think they could have added up a billion or so and walked away . They should have taken a few lessons from you three have settled earlier for 20 million. That is not a big number. The remaining four settled. Stuart if you would have taken this case, would you settle for 100 billion . Probably. 100 million. Stuart it is friday. Thank you so much. Whats your name again . [laughter] stuart thank you very much. Diamond dallas page. He got into yoga. Things got animated on the set with the yesterday. There he is. He is next. Why relocating manufacturingpany to upstate new york . I tell people its for the climate. The conditions in new york state are great for business. New york is ranked 2 in the nation for new private sector job creation. And now its even better because theyve introduced startup new york dozens of taxfree zones where businesses pay no taxes for ten years. Youll get a warm welcome in the new new york. See if your business qualifies at startupny. Com im taking off, but, uh, dont worry. Im gonna leave the tv on for you. And if anything happens, dont forget about the new xfinity my account app. You can troubleshoot technical issues here. If you make an appointment, you can check out the status here. You can pay the bill, too. But dont worry about that right now. Okay. How do i look . Thanks. [ male announcer ] troubleshoot, manage appointments, and bill pay from your phone. Introducing the xfinity my account app. Stuart the momentum stocks go down. Down 10 this year. That is 11 lower. Facebook. That is up. It is down right now at 58. We bring you many stories of costars, pro sports stars turned entrepreneur on this program. I guarantee, you will not see interviews like these on any other program. You make serious money with yoga tapes. That is your business. Ddp yoga. It aint your mamas yoga, stuart. Stuart you put the whole shebang at risk. Yes. Stuart are you nuts . I am nuts. Stuart you enjoy those segments. Some of you do not like it. Whether they sell their companies for 100 million. Like i did with the ceo of confines yesterday. Would you sell right now to me for 100 million . No. Stuart why . This will be a massive, massive business. Stuart would you sell today for 1 billion . [laughter] stuart that gentleman played along. Some guest do not. The audience thinks i am being rude. He is coming on fox business to talk about his business. We had governor rick perry on. I asked if he would run for president because politics is his business. Totally fair question, stuart. Stuart take notes, viewers. Do you think, however, that sometimes i press a little bit too hard . No. Stuart because i have. All questions are fair until they become personal about the person. I may want to invest in the business. Stuart i think that is establishing a decent standard. It is legitimate for me to say, would you take 100 million. Absolutely. If you do not want to answer, just say that is a good question. The real question is [laughter] stuart that is how you do it. Juan williams says democrats can win in september. We know you will not like what he has to say, but please stick around. We have his case after this. 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 in here, streetsmart edge has tdd 18888522134 chart pattern recognition tdd 18888522134 whicshows you which ones are bullish or bearish. Tdd 18888522134 now, earn 300 commissionfree online trades. 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What is going on . Centralization. The rolling debacle that is obamacare. You are right. There is also word out that they may have put up a fake website to convince their overseers. Things were going okay. Look, this will have an impact on the midterm elections. You cannot have this kind of taxpayer money wasted without voters getting upset. Stuart was that state taxpayer money . American taxpayer money. Stuart they have not enrolled a Single Person online. Not a single one. Is that accurate. That is correct. Stuart forget about the irs scandal. Forget about the obama scandal. Joining us now is fox news clinical analyst, a friend of the program, at least until now, juan williams. [laughter] stuart wait a minute. I have to make my case here. You are telling our fox news, love you, by the way, these voters in november will ignore a relatively weak economy. Ignore the relative absence of the laws. Ignore a declining and shrinking middle class. And ignore the horrors of obamacare. You have 30 seconds to make your case. It is not hard to make the case in person. We need to make sure that they understand both sides of the case so they do not get surprised. So many were surprised back in 2012 when obama won his second term paired democrats lost. I believe it is like 12 seats by less than five percentage points. They lost another 18 seats by less than 10 percentage points. The democrats are by far the more Popular Party in terms of the brand. Do not forget that on big issues, you know what, the public is with the democrats on this issue. I am just being contrarian, stuart. Every political strategist where wears his or her stripes in this town. The odds are long against democrats ever coming close to 17. I just think that people need to be aware of this. Stuart may i paraphrase your argument like this. Hope springs eternal for the hard left. [laughter] i do not know about the hard left. Steve israel, the chair of the democratic and Congressional Committee says this is just a tough landscape for democrats right now. There are so few swing voters and most of the democratic voters are concentrated. They are not impacting some of those districts. You saw democrats get more than 50 of the total vote. They did not win more than half the seat, obviously. Stuart i think the public has lost its faith and trust in the president of the united states. The obamacare debacle. I think it has made a dramatic impact on voters in america today. I do not think you have a prayer of getting a majority in the house. I think the republicans will extend that majority. I think it is even stephen for winning the senate, two. That is why i came on here to give you a different point of view. Make sure you are prepared in case things begin to shift on you. You know how you ask people if they would sell for 100 billion . I am saying to you, stuart, if you had to place a bet right now on Republicans Expanding their majority in the house, would you sell for 100 million . Stuart i would make a sports mens that with you, juan williams, for 10. I think we both can afford 10. I say the republicans will extend their majority in the house. I will put 10 on it. I am no mitt romney, but i can match 10. Stuart are you a tom sayer . You are a tom sayer. That is what you are. Thank you for being with us. Check this out. This is a matisse. That is a painting. It is going up for auction. It is worth millions. How much do you think this matisse will go for . We have an answer coming up for you next. Stuart look at Ford Motor Company stock. They had a big drop in stocks. Allen mcnally is staying on as ceo for the rest of the year. Starbucks stop reflect the in a down market. It is up 1 . 3 pandora cut its losses. Down 13 . Visa saying u. S. Sanctions against russia are hurting transaction volume. That is interesting. Revenue growth will slow. That drop takes 50 points. Looking at a 13 billion settlement. The matisse. Next. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line anytime for 15 bucks a month. Low dues. Great terms. Lets close. New at t mobile share value plans. Our best value plans ever for business. When my son was born, i remember, you know, picking him up and holding him against me. It wasnt just about me anymore. I had to quit. [ male announcer ] along with support, Chantix Varenicline is proven o help people quit smoking. It reduces the urge to smoke. Chantix didnt have nicotine in it, and that was important to me. [ male aouncer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal tughts or action while taking or after stopping chantix. If you notice any of these, stop chantix and call your doctor right away. Tell your doctor about any history of Mental Health problems, which uld get worse while taking chantix. Dont take chantix if youve had a seris allergic or skineaction to it. If you develop these, stop antix and see your doctor right away, as some coue life threatening. Tell your docto if you have a history of heart or blood vessel problems, r if you develop new or worse symptoms. Get medical help right away if you have mptoms of a heart attack or stroke. Use caution when driving or opating machinery. Common side effectslude nausea, trouble sleeping and unusual dreams. I had to qt smoking to keep up with this guy. [ male announcer ] ask your doctor if chanti is right for you. Stuart a news alert. Considering a ban that would prevent Day Care Centers from serving whole milk or 2 milk to children. I do not know why we call that a news alert. It is interesting, though. Check the big board. Worries over russia and ukraine. We were down 140. That is only. 8 . I have a big name you know. Nicole, tell us about deckers. Nicole we are talking about boots, as well as sandals. The stock is up right now. This is a stock that could jump or sink with each quarterly report. It leaves shareholders always guessing. In its latest quarter, they had a smaller than expected loss. The stock is up. They continue to do well. The stock is jumping. Stuart thank you very much, nicole. We call this segment old money. I do not know why. Today, we have a matisse from 1920. The work is from the collection of the late ceo of seagram. Mark, welcome to the program. I am looking at this painting which is just over there to your right. We will put it on camera. Why is that worth three 5 million. The matisse is one of the most important artists of the 21st century. A woman by the window, looking out the window. Who would not want to wake up every day and look at it. Stuart you are selling the artistic value of this painting. It is generally held to be true. That painting was last sold in the mid 80s. Stuart 25 years ago, roughly, a generation ago, today, minimum, 300 million. That is a good investment. It has proved to be a very good investment paired. Stuart what is the difference . Stuart you could not bring it in the studio because it is too big. It is a picasso. Is it a painting, not a print . It is a painting. It is almost four by five delta. It is one of picassos rate themes. It is voluptuous, beautiful naked woman eating a very succulent delicious piece of fruit. For some reason, her boy friend or companion is very intent on writing his letter or his book. Stuart we did not know that this would be a comedy show. That painting makes all the difference. Late picassos are the hottest part of the picasso market. Stuart china. Tell me about that market. In november, a chinese buyer came to our new york sale and spent 26 million on a picasso. The chinese are pouring into the western markets as they did before. Particularly, they are buying impressionists pictures. They love french pictures. They know them. They have seen them. They are the most loved paintings in china. Stuart are they buying four investment purchases . I think anyone wants to be shown that it is worth that the next day. Speed. Stuart it is worldwide. 7 billion worth of art. A record . A record. Stuart i know it goes in peaks and valleys. It is at a peak at the moment. It is at a record. It is very dependent on what objects come to market. Last year there was an abundance of great objects that came onto the market. Stuart i attended one of the auctions, when you had a talk under diamond. I had a great time. I could not tell, looking at the audience, a lot of the audience was on phones bidding from all around the world, the audience right there, i cannot tell who had money into had not dared you just could not tell. I saw guys making bids for billions of dollars with a pair of jeans on and sandals and a tshirt beard you just could not tell. As long as auctioneer could tell. Stuart thank you so much for being with us, mark. It is a real pleasure. Mark porter, everyone. Christies american chairman, everyone. Government steps in. They will regulate electronic cigarettes. Up next, we talked to a person who depends on those you cigarettes for a living. At delta were investing billions of dollars, improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow well raise it yet again. Hi, are we still on for tomorrow . Tomorrow. Quick look at the weather. Nice day, beautiful tomorrow. Tomorrow is full of promise. We can come back tomorrrow. And we promise to keep it that way. Driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. What a day. Cant wait til tomorrow. Stuart the fda proposed new rules this week for the first time they will regulate this brandnew industry known as the e cigarette industry. I will give you a quick look at some of the proposed changes. Strictly no sales to minors. E cigarette makers must place warning labels on all of their products. They will have to expose all of the ingredients. They will have to register all new products. We are joined now by a tally up iceberg. You are a manufacturer of the liquids that go into the liquid nicotine that goes into an e cigarette. That is correct. Stuart you have to be very worried, i would imagine, about the legislation requirement for you as a manufacturer. Extremely, yes. Stuart how could the simple registration of a new liquid cost you millions of dollars. The fda is using a framework that was set up for big tobacco. We are not tobacco and we are not big tobacco. Hopefully, the fda will work with us to change that framework. Stuart you do not mind regulation that keeps this out of the hands of minors. I think nicotine is a medicine. It helps us focus. It is not a carcinogen. Stuart you cannot say that, can you . You probably could not claim nicotine helps you concentrate. Do you think you will be put out of business in a few years . Absolutely. I believe this is the future. We see hundreds of people a week coming in and it is working for them. It is a powerful thing. Stuart thank you so much for coming in. A big second hour coming up. Brian kilby joining us. Joining america on whether bubba watson proved there is hope for golf without tiger woods. The second hour in two minutes. So she got a lyric in her life and everything changed. Which one . Youll never know because the lyric is in her ear. 100 invisible. You cant see it, and its the only device that works round the clock with zero daily hassle. No batteries to change. No taking off and putting on everyday. In their report, a leading newspaper said lyric appears to have overcome many of the problems associated with traditional hearing aids sound good . Call 1 800 350 3292 now for your risk free 30 day trial. This is the lyric. Its teeny. Its soft. Lyric fits comfortably at the sweet spot right next to your ear drum for truly natural sound quality. In fact, 95 of lyric users prefer lyric sound quality to their old hearing aid. It sounds like the hearing that i remember hearing when i was young. And finally i was able to hear what people had to say and i hadnt realize id lost that much in those years. So it was terrific. The quality and clarity of sound is unlike anything ive experienced. Now the miller twin with lyric can hear and do most everything her sister does twentyfour seven. So which twin hears clearly now . Both of us call 1 800 350 3292 right now for your risk free 30 day trial and experience hearing with zero daily hassle for yourself. Lyric is effortless. It gives me complete freedom. Once theyre placed in my ear, i never think about my hearing loss again. Showering is not a problem. Traveling is not a problem. Theyre hassle free, theyre 24 7, theres no maintenance, theres nothing to do. Theres just absolutely no reason not to try it. 100 invisible hearing is wonderful. Finding one that works 24 7 with no daily hassle is just too good to pass up. So call now and ask about your risk free 30 day trial. Get a lyric in your life. Selloff, fenders point at russia. We are on all of that. How is this for a headline . Home loan demand plunging. Surely time to lock in, to get a loan in the first place we are on that one. Golf alive and well despite the absence of tiger woods, so says the p g a of america. Why was steve jobs such a nasty guy . Jeremy catholic faces those tough questions. European soccer overshadows baseball. Brian kilmeade, you know a few things about this sport, he can barely contain himself. Lets not forget wrestling. What is the connection because to yoga . Answer, money. Hypocrisy, we will tell you all about the sierra club guy who drives suvs. It is a great show. Here we go. We have a big drop on the market. We also have a huge drop in demand for mortgages. Lending at the lowest level in 14 years, the Vice President of Addison Young who helps us through the realestate maze. This looks to me like a really bad sign for the housing industry over all. How bad is it . Pretty bad. It wasnt the winter weather. We see march numbers came out this week were pretty poor. Is an affordability issue. Stuart explained this. Affordability. We had a 12 artificial growth year over year from 20132014. That is artificial growth. That is prices. That is too high. We need 2 to 4 , healthy organic growth. Stuart went up too much . To qualify for those low Interest Rates . Interest rates were nearly free money. You had very low rates and so people could buy homes and they boss hand you had investors in the marketplace and Institutional Investors so now you are seeing a lagging in the marketplace because Interest Rates have risen from a year ago and prices rose. Stuart there is not likely to be any change in how to qualify for a home loan . They will be tight on lending standards. That is not going to change. There have been some reports that they are accepting 3 down payment, some lenders, focused markets and also banks and there are also actually taking less credit score is, 720 used to be the threshold. Now they are dropping a little bit. I am not saying it is happening all over but there are some specific banks doing that. Stuart when you have people who say it is back to the bad old days of giving anybody a loan just because they should get the money. We are not going back to that . No. We learned that mistake. Stuart i am trying to work out the future. This is the nasty drop in home lending. We have not a spike, a rise in prices and the fall in new home sales. If you are telling me we are only making marginal changes to get a loan in the first place and prices are not coming down i got to say the housing outlook looks pretty bleak. It does. Like i said before we need 2 to 4 growth, that is unsustainable. Stuart but we have got it. It is not going away. We were expecting housing to give the economy a nice boost, that it would lead the economy forward to maybe 3 growth. You got to walk away from that. It trickles down to all parts of the economy. People dont buy furniture, building, a lot of things it impacts. Stuart all right. Thank you for joining us. We were surprised by this news. I was surprised at the headline in the wall street journal, home loan demand plunges. Very surprising. Stuart thank you very much, appreciate it. Stock of the day, amazon down really big despite a jump in its profit. The problem, they put all the money they earned straight back into the company. In specific i got this news from amazon. Is testing its own Delivery Network. It wants to take your package the last mile. From the warehouse right to your house, cutting out the upss and fedex of this world. Jeremy, maybe this is a dumb question, why not just by the Postal Service . Great question. Build in infrastructure that reaches every house in america, just capitalize on that. I was away on a little vacation trip. I had waiting for me a stack of catalogs, direct mailingss, credit card offers none of which i really wanted. Amazon wants to start fresh with something just for them that supplies only their product. A great little model. Stuart an extraordinary thing. They spent an arm and a leg on these warehouses. They have gone from 50 to 100 Distribution Centers in three years. They have invested heavily in a competing system, on robots and now theyre going to buy a bunch of trucks because the truckers take it to your house. That is an extraordinary investment. It is interesting because think about the products theyre services co. An entirely new business. Brooklyn brewery makes beer in brooklyn. When they started they didnt have a distribution network. They build one and it is a bigger business than the actual sales of beer. The distributor the peoples beer. Perhaps amazon is looking to create a second fantastically giant business for themselves. Stuart they should buy the post office. That was the teeth to get it into the interview. I have other stuff in a moment. Another tech name moving big time. Pandora is down, way down. Not enough people have signed up to listen in to the radio service. How bad is it . Nicole stocks down 13 , exactly what the options traders, 13 move either way, to the downside, the ones making money on this today. Pandora right now 2442. You are right. They do have the advertisers, they do have listeners but not enough to impress wall street. Several analysts cutting price targets. America Merrill Lynch kept their buy rating and rbc cut the outperform rating, the slowest target. Stuart you use pandora, dont you . No. Stuart when you dont . Nicole i know i should. Maybe we should sign up. Stuart there isnt a musical bone in my body as everyone knows. Dow is down 116 but look at microsoft. Higher profits. I do own a few shares of microsoft. We are cheering. It is up in a down market. Look at least of. That is a big drag on the dow industrials. It is a dow stock and it is down 3. 5 . At last count that contributed 50 down points for the dow industrial average. Look at the big board, down 114 points. We were down 150. Come back a little bit. Ukraine tensions, Vladimir Putin, all of that apparently one of the major reasons we have this, not a major selloff. We can have 0. 69 . Back to technology, facebook is buying a fitness tracking apps called moves. Could be a sign they are trying to break into the Wearable Technology field. You love this kind of stuff but i got to put it to you. Nike just walked away from that whole market. They are not going to do that. They are up in the air. Stuart thinking about moving out of it. I dont think that is a viable product. Dont know how many people i have spoken to who bought one dont use it anymore. Reminds me of exercise machines which end up in a broad scale. A couple years back we never used again. I will tell you look what i have brought in to show you. The entire world is getting into this market. Look at this. Smart watches. I have reviews of these. Stuart i want to get a short of that because you are where all kinds of stuff. Every Tech Companies getting into these things. That is why there are so many. Stuart that is the real watch. That one actually works. Stuart what is the other when . Smart watches . Two from samsung. This is the basis band which gets your heart rate and monitors your sleep patterns. They do everything. Stuart who cares . You buy them and discard them because you get tired of them. I dont thing so. Theres a Reason Companies like facebook and as big as nike are gambling on this, pulling back a little bit but this is really going to be a big part of the future. Stuart why . No one is going to wear two watches . I talked to a tech friend of mine is as she does do that at the gym. Deegan i am not going to do that. Stuart i know a few in my time. Different from you and i. What we are going to see is some interesting takes. This one, see if i can do it in time. Shouldnt be showing off but it pops out a few concede this. July and director, it pops out. Instead of a watch like this you wear it in a laughing. There really is a feature in these things. Stuart i am totally skeptical. Hold on a second. One more. Got to get back to those emails from steve jobs that surfaced during the silicon bay lawsuits. It was a lawsuit. One email sent from Googles Eric Schmidt said he fired a recruiter who was going to try to coach apple employees, jobs for the bad email to his age artie with the smiley face attached to the. We will fight this guy and steve jobs is ecstatic. He really was got another one for you. Got to read this properly. An email sent from steve jobs, if you hire a single one of these people, that means war. Steve jobs doesnt come out looking like a very nice guy. And he wasnt a very nice guy to work for with. No. No. He was a caustic genius lets say. Lets be honest was brilliant but also a tyrant. It wasnt just steve or apple, and couldnt coach employees from each other. As the business i understand that but as an employee, one of the people looking at these, i cant get a job at google because apple doesnt want to let me. Stuart they suit, these emails he emerged, Tech Companies, four of themselves on the wall street journal. 24 million. The people who fire this it wanted 3 billion. A great deal of money to take out of the apples of this world, 10 billion or whatever it is. It is the sameit ties back to the non competes everyone signs when they joy of for a company especially highTech Companies, i promise i will never work for my competition. I understand where the companies and coming from you have to sign with the employees in this case. You cant go get another job because they are preventing this. On a corporate level. Stuart as one of our viewers that one not just put them on a contract . Macons on a contract are here for two years at x amount of money and cant leave without two years being up, put them on contract. This is in addition to that. A senior level thing. We have steve jobs saying i am going to abide by these things and they go to a lot of Tech Companies. Stuart thank you very much indeed. Yankees pitcher michael penn yacht using kind hard to get an edge to get ejected and suspended for ten days or ten games. Brian kilmeade weighs in on that and after the break and new website helps you organize and book events with your friends and you get a discount. Find out how much of the discount. That will be 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. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print Amazing Things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. Stuart a pitcher with the new york yankees suspended for ten games after pine talk was found on his neck. Brian kilmeade joins the company now. That is really not a serious penalty to pay. He clearly had the pine tar. Anyone can see is this wishy is suspended for ten games. The only missed two games but he was cheating. You are right. How ridiculous it was his attempt at cheating where he was almost caught ten days ago and goes back to fenway park after being heard for two legitimate years coming back, this guy was in spring training for the new york yankees outside tanaka. Look how the New York Post is handling it. Fool on the hill. This is not nice. This is saying are you crazy . How can you put that on the back of your neck with 50 cameras on Live National televised stuart before he did that he said hi to somebody. He got the kind car in his hand, consistent cheating. Give of two runs, a little concerned about gripping the ball. It is an embarrassment. To the yankees credit they say they are embarrassed. Not trying to cover for him. Stuart next one still on sports. Did you just blow up my opinion . You dont like the story . Stuart i dont think you were going far enough. How dare he did Something Like that. Stuart Northwestern University Football Players voting on whether to joy union. Which way do you go . There has to be a way to pay the top Revenue Generating top athletes but not through a union. I dont want to see the Players Union a bunch of 17 and 18yearolds led by an expense of highpriced lawyer tell the n. C. A. A. How it should be done. You cannot treat them like pros, the unions look to maximize their health benefits, maximize their pay and that is not in the best interests of college football, college baseball, college basketball. Stuart when european soccer on a rise in america. I am told by my producer rival deal with that later in the hour. Are you coming back . If you have me. Stuart he is staying in that seat while i do a separate interview and then we go back and european soccer. You are going to stay. Stuart stay right there. Everything you want to do you can do on line and our next guest is an example of that. Gaggle. Com. It plans your group be events from reservations to menu planning. The ceo joins us now. It is mulcahy. Irish ethnicity . 100 . Stuart how many generations back you go . Four. Stuart when you object to being interviewed by an englishman . Absolutely. Stuart gaggle. Come to your web site, the web site, i want to have an event with my friends, i tell you who the friends are, where i want to go, you organize everything for me. My producers told me i get a discount. We are not really about discounts. We work with great restaurants and trade partners and filling out space friday and saturday so we try to give good value, we build packages people pay what they would in the restaurant and it is not about a discount, it is about our tools. Stuart i have got used. I prepay. I come to your web site, you organize the event. I prepay and you go to the restaurant and say you have a few tables through their, a bunch of guys want to come, you give me a discount, you get the discount. We do make our money from bringing business to our partner network. We build schools and people would come end we could drive great business to our partners. Stuart how old is a gaggle. Com. We launched in may of 2013 but we have been up and running for six months. Stuart how many customers have you got . We have done over a thousand in the city, over 60 partners we work with, we are growing rapidly and excited about it. Stuart specialize in new york city. And hamptons last summer with eyes toward expanding in other cities in the future. Stuart when you own the whole thing. I work with partners, of former colleague of mine, mike mulcahy. Stuart a third of it . More than that. It was me when i started by myself. Stuart half of this thing . What did you sell . Depends what the number is. Stuart 10 million. Stuart why not . I am a young guy. Not ready to hit the golf course. I want to turn a few more cards on 10 million. Stuart 50 million. I would think about it. Stuart cash. I dont think so but if we could bring 50 million into the business and i could still run and be involved this is my lifes work and im not ready to leave it behind the we could do a lot with 50 million. The cliche answer might be to say yes or say no but we could do a lot. Stuart i ask this question of everyone. Ive is excited u. S. I was ready. Stuart our producers said varney will ask that question. You knew it was coming. What you did was the exact opposite answer to what many people do. They say no, i am in this to save the world. I am interested in helping people. Stuart we help people plan social events and bring people together but it is a business and we can do a lot of great things to further our business with an amount of money. Stuart when you are the Salvation Army by different name. Kevin mulcahy. Is that right . You got it. Stuart it is un nice product. Really appreciate it. Thank you for having me on. Stuart the sierra club, hypocrisy and gas guzzling cars. My take on that is next. Why relocating manufacturingpany to upstate new york . I tell people its for the climate. The conditions in new york state are great for business. New york is ranked 2 in the nation for new private sector job creation. And now its even better because theyve introduced startup new york dozens of taxfree zones where businesses pay no taxes for ten years. Youll get a warm welcome in the new new york. See if your business qualifies at startupny. Com Xfinity Watchathon week was the biggest week in television history. But just when you thought it was over. What now . With xfinity on demand you can always watch the latest episodes of tvs hottest shows. Good news. Like hannibal. Chicago fire. And bates motel. The day after they air. Xfinity on demand. All the latest episodes. All included with your service. Its like hifiving your eyeballs. Xfinity. The future of awesome. Stuart lots of big names in the moos. Ford motor co. Down profits, down in the stock, expedia flat on the year, today is not helping, down 3 . Sports, Bubba Watsons masters victory, great for golf and shows the sport can thrive without tiger woods. The pga of America President joins us in a couple minutes right here. You do have to practice what you preach. If you tell others to do something you better follow your own advice. If you make policy for others you better support that policy with your own actions. If you dont you could rightly be called a hypocrite. Here is my take. I am going to pick on the sierra club, an environmental activist group, specifically i am going to pick on them for not practicing what they preach, gas guzzlers, mpg. The sierra club is big on this, they supported president obamas command that automakers get their fuel economy average of to 54 mpg. The sierra club has a ton of money and put it all behind leftists who just love to tell us what kind of car we ought to drive. And enterprising conservative group, the mind mental policy alliance checked into the vehicles this year Club Executive board actually drive. 15 board members, top guys, 32 vehicles registered to them, they found seven suvs, two gas guzzling luxury jaguars and an average mpg reading about half what the president is aiming for. This is the group that called Climate Change a threat to our children and the threat to the planet as we know it. If it is that bad why dont they take the action they recommend for others . Why are there any gas guzzlers driven by their top people . I get a little tired of this. They tell us what to do but they do the opposite. They set National Policy and ignore it. The policies which they spend big money to promote costs as a ton and we have got to pay it. No choice. Why do you think gas in california is 4. 20 a gallon. Please. Can we change course . Can we stop giving so much power to hypocrites . Probably not but you know, you cant keep america down forever. I hope sooner rather them later the hypocrites will be swept aside. I live in hope. Stuart Major League Baseball ratings and ticket sales have been on the decline. At the same time european soccer continues to grow in popularity in the united states. Saturday and sunday morning on network tv. Brian kilmeade still here. Is my premise correct . European soccer on the rise, based on the decline. They spend that money on a property, stocks got the world cups and nbc, european soccer, premier soccer going through the roof and shocking everybody, it is fantastic but not really related to the fact that baseball is at a slow start. I dont think the American Sports fan is making a choice. I knew this was happening five years ago because i have been around a soccer community but i have known soccer players, not soccer enthusiasts talking about these games, the champions league, whatever they going to do with all the middle eastern money, wait a second, you dont play, follow the game. People wants to see the action. Stuart you can watch the best players from the best teams in the world, said back and watch them on tv. That is very attractive but i am told tickets for the World Cup Final in brazil in early july, they go for more than super bowl tickets. We dont know who is going to be in it. Super bowl tickets feet up, certain people will go. It is going to go on for three weeks and you get a chance to see the story lines built. If they are going high now, you will be through the roof. As far as brazil, sacrificing the entire infrastructure, they will never use again. That is another story. Everyone is keyed up for it. If you put the u. S. In the semifinals or quarterfinals, there will be abuzz about american soccer. Stuart a huge boost for Major League Soccer and united states. Most of these players are playing in america and begin to selva sport and watch it and it is steady and here in european soccer is coming. Stuart i you done with this . Cleaned up. You are still on the show. Dont move. You seem disappointed. Have you read your run down . Says im saying the whole block unless you want me out of here. That he rented the space or something . Have you ever seen someone so anxious to get me out . You asked me over. Stuart your cutting into the time of the next guests of the quiet. Bubba watson came away with the second masters earlier this month for the big story that came out of the tournament, the masters was the absence of tiger woods. Ted bishop is with us, pga americas present trying to get a word in edgewise while Brian Kilmeade dominates the show. Welcome to the program. I love hearing this soccer talk. Tiger woods and play in the masters. The ratings went down. That is bad news for golf. You need the guy. Golf needs tiger woods. The other thing that impacted the ratings this weekend, the first night weekend of weather that we had across the northern half of the united states, a bigger factor than tigers absence. Stuart ratings or down over four year period, 20, 40, 30 depending on the day. Really surprises me because that final day i watched a gripping tournament. That was having a go with bubba watson. That was terrific. Was but it is not the first time tiger woods has been absent from the game. There are other factors but that being said, he is important to the sport and we need him back. Another major win for him needs consistency, rivalry. Phil mickelson is almost there. When tiger woods wins Phil Mickelson is here in terms of importance but i need to see him win again and i want to see the matchup and same thing, matchups, great quality but we got to know the guy. Stuart when you got to love bubba watson after he won the game, he goes down with his son in his arms, with that crowd. That makes him an attractive personality. I think there is a big segment of the population that relates to a guy like bubba. It is a blue collar segment but an important part of golf. It was a good win in that regard. Stuart what you doing to get youngsters into the game . A couple great programs, the pga junior league, golfs version of the league baseball, 7 to 13yearold, boys and girls that play on the same team, each has a golf shirt with a number on his or her back that promotes the team aspect of it, they played nine hole formats, three holding grummans, two person scramble and the other thing that took place during the masters, this contest which is again it is going to expand into all 50 states. We anticipate over 50,000 kids that will participate. Stuart as the Little League for baseball that declines. Not so many kids play. Along comes golf and snatches those youngsters for their sport, you baseball guys got to take a lesson. You are taking a listen from team sports, saying instead of a little phenom on the corner of the blocky want to say you could be good and there will be a place for you and will be teammates because that is what kids do. They want to feel a part of something. I couldnt agree with you more. Having two girls are junior players. Back then 15, 20 years ago it was a lonely game. Tough to find other girls to play with. To promote the team concept, the social aspect of golf is a huge. Stuart when is tiger coming back . Chipping and putting this week. Stuart that is august. Golf club in louisville, ky. One of the greatest things of the next decade in sports will be tiger gets close to closing out on the final day for another grand slam. When we see another major go his direction and get close to Jack Nicklaus the world will be talking again and i think he needs that. Stuart when you cant keep this guy out of an interview. Stuart did you want me out of the interview . Stuart from here on out, Brian Kilmeade and company. Thank you for joining us. Here is a headline for you. Gold, 5,000 an ounce. What . The real Halftime Report is next. [ cows mo] [ sizzling ] more rain. [ thund rumbles ] [ male announcer ] when the rld moves. Futures move first. Learfutures from experienced pros with dedicated chats and daily live webinars. And trade with papermoney to testdrive the market. On thinkorsw from td ameritrade. On thinkorsw [ male announcer ] its one of the most Amazing Things we build and it doesnt even fly. We build it in classrooms and exhibit halls, mentoring tomorrows innovators. We build it raising roofs, preserving habitats and serving americas veterans. Every day, thousands of boeing volunteers help make their communities the best they can be. Building Something Better for all of us. Stuart the latest from ukraine, Russian Troops lining up at the border. Vladimir putin says there will be consequences if ukrainians go after perot Russian Forces or inside the country. John kerry stepping up his warning to the russians saying russia needs to take immediate steps to ease tension or face more tough sanctions ahead. Russia is making an extensive mistake. President obama in south korea, the war memorial earlier today. The Senior Administration official said negotiations have reached a breakthrough with trade talks with japan. Progress on key sectors, i agriculture, automobile deals, no final deal has been made. They rain there, the real Halftime Report is next. Is still with us. Dont know where to go. All stations come over to mission a for a final go. This is for real this time. Step seven point two one two. Verify and lock. Command is locked. Five seconds. Three, two, one. Standing by for capture. The most Innovative Software on the planet. Dragon is captured. Is connecting todays leading companies to places beyond it. Siemens. Answers. Stuart halfway through the financial day. The real Halftime Report, Scott Kennedy from the stock exchange, nicole petallides, John Layfield in bermuda and Brian Kilmeade you cant get rid of. It is all about russia . I will say a little bit russia. We will have more head winds as we get higher and higher. Taking positions where theyre going to single stock positions, not general overall position that if they have general overall positions, go to general overall safety positions. And a little more cover at these highs, that is what is happening. Stuart russia is making an expensive mistake. The only mean one thing, energy. The president says he has sanctions, you got to tease them. To the red line once, we ignored it. The only thing that will get their attention is energy so it is natural gas, oil, and european allies. They have something on the table, Vladimir Putins attention. Stuart what are you hearing on the floor . Traders focusing on these, that seems to be the number1 problem here, the dow is down 123 points and is evidenced by the flight to safety. Gold up 10 and everyone blocking the treasury, treasury 2. 66 , the ten year, nobody wants to take these big stakes out of the week in. Stuart we have got it. More big names, stocks we are watching, amazon with its own Delivery Network. If theyre testing Delivery Network why not just by the Postal Service . Why not . That would be what were seeing with the stock is to the downside, 15 or more analysts cost there price targets with buy ratings, not too hot on the fact that amazon has a lot of spending on technology. The latest number, the revenue increase is hit hard. Stuart come on in. Are you buying amazon at 300 a share. I am very tempted. At this point it will be a compelling buy. Havent seen all 13 analysts the downgrade, at the average 39, the lowest price target is 320 with a high of 500 so a lot of people are very bullish on amazon, spending their current profits on future investments. I actually like this strategy. They are trying for world dominance. That is pretty remarkable. Stuart why not . If you can make some money. Lets get back to scott. I see oil heading below 100 a barrel. What do you say . The worst recession the country has ever seen. How can anybody expect the u. S. Consumer, paying at the pump on a weekly basis and on a table on a weekly basis. Food and energy inflation, i cant believe geopolitical tensions, traders behind me say high prices cure high prices. Stuart market watch, peter schiff sees a reckless Federal Reserve pushing the price of gold to 5,000 an ounce. I dont see it. Chicken little about the sky falling, i dont see it. In japan they kept it low for the past decade. Were keeping rates low, they got to come up that some point. Everybody says that, but rates are artificially low for some time. And go as a safe haven, going where the only thing they are rewarded is the stock market. Stuart 5,000 an ounce on gold and you say what . It wont be long, that means the absolute armageddon, i am going for the farm and throwing up a ten football, have fun with everybody else. Stuart we are getting the message. Yesterday we had one of your wrestling buddies on the show, diamond dallas page on the show. Hope you can hear this. Listen up. Your name is . Diamonds dallas page but most people call me gdp, feel the bad. Stuart the hand action. I bring that into my workout. Pushing index and farms together reaching the back, come out, hold it up, brother. Stuart all right, i know you saw that. 10 million on yoga. Your comment . That was a bit out there. He is a great guy, he is a good player, has done phenomenally well. The stuff he has done, he has a wonderful product, the perfect salesman in this gdp yoga, doing incredible things. Stuart a terrific show. John, brian kilby wants to stay something. I am working on both of those, a hybrid thing, the 1970s wrestlers. Still looking to that. And although had full of gold and silver. Stuart i remember the camel club. That is it for the Halftime Report. Finally, brian kilby is getting out of here. Up next, get out of here. Tesla, an example of where federal regulator actually makes sense. Announcer where can an investor be a name and not a number . Scottrade. Ron im never alone with scottrade. I can always call or stop by my local office. Theyre nearby and ready to help. So when i have questions, i can talk to someone who knows exactly how i trade. Because i dont trade like everybody. I trade like me. Thats why im with scottrade. Announcer scottrade proud to be ranked best overall client experience. A short word thats a tall order. Up your game. 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Whats your policy . Stuart the ftc says tesla should be able to sell its cars directly to consumers. Is that the deal . Liz elon musk says the state model of dealers is now the fcc blog is essentially saying it does stifle competition to buy cars from dealers, we shot on the internet, even hail taxes so that is how we get service directly. Stuart it is below 200. We have a press conference. Elon musk in washington d. C. With the q a possibly about spacex about this reusable rocket they successfully launched two days ago. Stuart they will ask him about tesla so watch that stock. Wait for it. More varney next. Ive always had to keep my eye on her. But i didnt always watch out for myself. With so much noise about health care, i tuned it all out. With unitedhealthcare, i get information that matters. My individual health profile, not random statistics. They even reward me for addressing my health risks. So im doing fine. But shes still gonna give me a heart attack. Innovations that work for you. Thats health in numbers. Unitedhealthcare. Stuart it is time for the highlight reel of the week. Roll it please. Would you sell for 100 million . I would not. Stuart oh, please. The speaker of the house of representatives has a private plane to fly her family over the copenhagen. This is completely ridiculous. It is like a 37 hour flight. He is back there in coach. Fred from melbourne is sitting next to him. A terrible flight. Stuart what do you say, doctor . I think it is fine you inquire about the financial pedigree of your guest. Why not. What is to be embarrassed about . Stuart i think the republicans will extend. I am no mitt romney. I will say this, you still owe me money from the obama campaign. Stuart are you a tom sayer . [laughter] 100 . Stuart how many generations back to you go . That would be four. Stuart i was nice to the guy. Very nice. Stuart that was good. Excellent. Jeanette somebody die on vic cavett show . We will get back to you on monday with the latest on that. I think it is time. Stuart here is deirdre bolton. Deirdre this is risk and reward. Thank you for joining me. Entrepreneurs, ceos, elon musk will be making an announcement from d. C. Spacex successfully launched its dragon craft. The first time that spacex launched a reusable rocket. We will be covering that for you from d. C. Momentarily. Courses sake kkr and nasdaq may be soon unveiling a private Equity Exchange to make it sell small portions possible. Trying to crack the code on making fund more acceptable for individual investors. Making frenemies. It will be available via its natural en