Begin. Stuart check out the big word. Not much change. Pretty flat. Very low volume. The dow is down 10 points. The s p 500, that is in record territory. 1925. Of one point. Pretty much dead flat. Look at the price of gold. No change today at all. Dead flat. 124450. The overall rate is still at a low historic level. I call it democratic luxury. We are talking coach. That puts it below 40 a share. Under armour, they get an upgrade. 3 gain. Fiftytwo for under armour. The first of this weeks job claims. Charles payne is here. I will not read too much into one adp report. This is a pretty bad start. Charles it does not look good. We have a week of crazy hard to reconcile data. We just had an isn manufacturing number that came above the consensus. It is very, very confusing. Friday will be an absolute huge day. Stuart is that the day when the market moves . I think friday will be a make or break point. It will be hard for the market to continue this kind of holding pattern. It has been up, down, up, down. This sort of market has not existed and i do not think that it can for long. Stuart the market goes up or down. It keeps going flat. Charles the perfect storm. Just enough of a recovery. Stuart the market goes up on 200,000. Growing pains for pandora. Nicole the stock is lower. They got all good news pertaining to active listeners. The stock is lower. It actually brings higher loyalty costs for them. They saw listener hours up 28 . Active listeners up 9 . The increase their market share. There was another piece of news on bloomberg about the department of justice. We will see what that means for pandora as well. Stuart the stock is down. Thank you, nicole. Kevin brady wants legislation and he is pushing it. Congressman brady joins us right now. Am i right in saying you will have this bill and it will completely innovate the death tax. It will get through the house. I think it is important. I think it is time for that. Their are a lot of senators facing reelection where people do not believe you work your whole life and uncle sam swoops in and takes a third to a half. Stuart your opponent will say, if you reveal this tax, you are just giving money to the rich. There is a very strong sentiment in America Today that we want to tax more, not just give money. They are dead wrong. These are family owned businesses. Many of them are building for the first time. In fact, what they have our businesses that trigger the estate tax. The truth of the matter is it raises very low money. It is a drag on the economy. We would generate more tax revenue by appealing it. Stuart okay. I have one more for you congressman. What do you think on the president decision to turn over five highlevel gitmo detainees in exchange for the u. S. Army bergdahl. We are seeing some still shots of the handover of the sergeant from the taliban to u. S. Special forces. He looks well and he is walking to the helicopter. What is your comment on president obamas release of the five caliban. This is a bad trade for america. His actions have cost us up to six american lives. It may put more soldiers at a risk. In the long run, this is not good. Stuart shown shunted the president have told you . Yes. This is a very mature issue. Congress has much different feelings than he does. I think he ignored that law. He could do this deal in the dark of night. It is exactly the wrong thing to do. I think over time, National Security suffers. Stuart our viewers are now watching the video of the handover. You can see that taliban are around him. They hustle him away. The americans take him away to a helicopter that is waiting there. He is walking and he is walking on his own 2 feet there. They take him to the helicopter and shortly it will be taking off. That is what our viewers have just seen. We appreciate you being with us this morning. Thank you, stuart. Stuart the republican primary results. Too close to call. 50 of the vote. Mississippi holds a Runoff Election later. A primary for the first time in california. A jungle primary. I have never heard this before. All candidates for all parties compete. The top two move on. Governor gerri brown took the lead. He will be joined by neil cash kari. Brown is the odds on favorite to retain the governorship. We still have the Dow Jones Industrial average doing nothing. It has been true for the last couple of weeks. The dow holding at 16,700. It will be this way until we get some dramatic numbers on jobs friday morning. Another class. Yes, it is getting squeezed. More than half of us struggle to pay the mortgage or the rent. Cutting back on Something Else like healthcare to keep a roof over our head. The wall street journal, veronica, joins us now. You covered the stage of the middle class. Is it accurate to say that the middle class is being squeezed . For sure. Your milk is more expensive. Your cheese is more expensive. Your housing is more expensive. You are not getting paid more. It is getting harder for people to make it. The senior bills are getting higher. It is a really tough time. Stuart half of the people polled say they struggle to meet the rent or the mortgage payment. What does that mean . What does that say . It is a wideopen statistic. I talked to a lot of wideopen financial advisors. This is a situation that could be avoided in many situations. People are still buying houses they cannot afford. Their rent increases to amounts they cannot afford. They should not be in these places. Their incomes cannot keep up with it. We are still spending too much as a country. Stuart are you really in favor of more austerity . Everybody cut back. Right. People need to be smart with their money, too. People are not saving enough for retirement. That is a huge issue. What does that mean for the system . Stuart is this a personal problem . Is this the fault of individual americans . I think it is really hard to say. I think it is a little bit of both, perhaps. Lots of times, they are not making good decisions when it comes to money, investments and spending choices. There are a lot of questions. Where does this all end up . Stuart you have 20 seconds. Charles i think this is part of a greater malaise. The willingness to sacrifice. Stuart thrift is no longer regarded. That will come back to bite us. It already has. Stuart it has been like this for 40 years i have been in america. Charles credit card use has not gone up since the recession began. They cannot keep doing this. You cannot keep borrowing from savings and spending at the regular coin. The government wants us to use our credit cards. Stuart i say get out there and spend. I am an american beard veronica, thank you. After the break, a New York Times economist goes to denver. Should there be a warning label . The judge will discuss it next with me. First, you have to call this severe weather. Severe thunderstorms across the midwest. Golf ball size hail in nebraska. Several tornadoes reported. Wait for it, that same storm expected to move into illinois and other eastern states. Here it comes. You to you ask us about a particular stock. Sir charles delivers a answer. A stockholder asked about tool works. Charles one of these self winners. A name i think we all know. I guarantee you know the name if you see it. The company is doing extraordinarily well. It is another one of these things where you say Illinois Tool Works industrial america. There is no way that the stock should be up. Europe was up 5 . Asia was up 8 . Stuart you make a good point. Forget about industrial america. We go with amazon. Charles they will eat it every morning. It has done amazingly well. Stuart you got your dig in about me buying microsoft years ago. [laughter] stuart this is for everybody. She took too much. She freaked out in her denver hotel room. The problem is with edible pot. You cannot be sure the dosage. How much are you actually taking in . It is not regulated. Judge Andrew Napolitano is with us. Stop laughing. You know what is coming. She is innocent. We all know it. [laughter] stuart edible pot, 40 of the market in colorado. I think there should be a label on how much is in this bite. She wants claimed that she interviewed George Hw Bush in a jail cell. Do you believe what is in that column . I do not know if it is true or not. If you leave a product, whose fault is it . I am in danger or my kids are in danger if they get a hold of it. Stuart 40 grams of this stuff. Would you eat a candy bar claiming you did not know what was in it . She had some personal liability in this. Stuart you oppose a government rule that says you by legal marijuana, you are entitled to know how much thc is in each bite. You oppose that . Yes. Stuart who will do it then . The manufacturer of the product is liable. The consequences of the expected use why should the government intercede . She eats it and she gets sick. She is complaining the government did not warn her about the chocolate . It is her fault. Stuart totally wrong on this particular issue. What about this . Edible marijuana in california often comes in packages to make it look like gummy bears. The kind of stuff that kids would eat. A pair of bison take it home. They should put it away. Lock it up. But they do not. The kids get a hold of it. Why cant we have a rule that says, it you have to put something on it to show that it is marijuana. It is not a candy. And the kids will read that label and stay away from it . [laughter] excuse me, sir. This is Comedy Central today. [laughter] stuart oh, boy. Our time is up. In the next hour, we will get a take on this issue again. You will not be on in the next hour. I am around, if you want. Stuart be careful. We may not invite you back. Always a pleasure. Stuart you may be back. The latest rumor out of hollywood. Move over, harrison ford. Our Production Team really does not like this new guy. You can find out who it is after the break. [ male announcer ] if youre taking multiple medications, does your mouth often feel dry . A dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. Thats why theres biotene. Available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mouth healthy, too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene for people who suffer from dry mouth. We are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. 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Stuart that particular part of the scene really scared me to death. Watch out, harrison ford. Robert pattinson, he is being tapped to play Indiana Jones in the fifth movie in the series. Some people say that is that charles unless he is playing a vampire with supernatural abilities, i see this guy jumping off a cliff and breaking his ankle. This guy lost it when his girlfriend had sex with the director. Those are big shoes to fill. I do not think he can do it. Stuart you have glossed over the real reason why this man will play Indiana Jones. Charles maybe. Stuart he got all upset because his girlfriend had sex with the direct care. And then he went out and got two new girls the same day. Stuart we are going to move on where you make us some money. You will tell us about kimberlyclark. They have a huge demographic problem. You know this already. You are nodding away. Charles they have a serious issue. They will have to swallow their pride which is hard for them to do. They make all of these things that we use. 3 yield out there for people looking for something with yield. This company will not go anywhere. The stock gradually moves higher. The Health Business is really coming along strong. Stuart a solid 3 dividend. Charles they watch our demographics. They want, sometimes, our dividends. Stuart we are up eight points. We will not call this a rally. If you missed our conversation with kerry earnhardt, the conversation devolved into who has the worst accent. Him or me. Everybody knows exactly what the man is saying. People probably know what i save more than what you say. Stuart we have some reaction to that. Joyce says, i understand earnhardt better than your british accent. Surely adds, there is Nothing Better than a good southern accent. Sorry, stu. Stu, you need to start watching nascar. Stuart why do you think we had earnhardt on the show, john. We do love to hear what you have to say. Please, keep those comments short, sweet and very much to the point. Bottle service to your table in a restaurant. Using drones. One Las Vegas Hotel is doing that. More details next. We asked people a question, how much money do you think youll need when you retire . Then we gave each person a ribbon to show how many years that amount might last. I was trying to, like, pull it a little further. [ woman ] got me to 70 years old. Im going have to rethink this thing. Its hard to imagin how much well need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. Became big business overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. Stuart you consider this a slight unusual story. Lauren tells me it is true. Who would pick the drone over the bikini clad waitress . I do not know. The marquis bay club. They delivered bottles of champagne to people partying right there outside by the pool. They figure out that it can hold between eight and 12 pounds. It cost about 20,000. That is the rumor. The question is, and we have asked the company, will they continue to do this . It may come to the rooftop bars here in new york city. Stuart whatever you say. I am glad we have the video. I did not believe it until we saw it. We call google the Everything Company and for good reason. It is always in the news. Google claims it has hacked proof email. Charles, we returned to the theme that google is the innovator of the day. It was like google, apple and now it is google, amazon. You will not have these giant warehouses like amazon. Maybe it is also a chance for these brick and mortar companies. Stuart the online ordering service. They have a fleet of trucks that deliver. They will have a bunch of Driverless Cars and trucks. Stuart that stock up 566. It is an 1100 stock. Close to its high. Charles in a holding pattern. Very much undervalued. Stuart you would buy it. Yes. Stuart governor perry. There is a group called why texas. It is responsible for helping these businesses. The ceo of why texas is with us now. What is different . Unlimited opportunity. You compete globally. Stuart build a headquarters building. A very limited planning commission. Very limited cap and trade rules, for example. That is what you are offering. It makes it easier to get off the ground. Stuart are you jampacked full of work . 1000 people. The west coast and east coast domestically. Naturally, it is europe. It is asia. Stuart what are you doing for toyota in texas . We pick up the pieces. We get them connected. We connect them with ceos in the community. There are ceos that can help you with a number of things. Personal connections with peers that they have something in common with. There were influences and leaders in the cities that they came from. They want that. People that can help them get things done. Meet the right people. Stuart okay. You have to have full understanding what the landscape of texas provides a company. They are leaders in a number of the industries. Stuart how many you second is are in your group . We have 40 executives. Stuart do they work for why texas . No. We are a facilitator of information and availability. These ceos to help get them on the ground. Stuart if anyone is interested in moving, why texas is a group to get a hold of. Why texas. Thank you so much for joining us, sir. After the break, a first ever on varney company. Look at this. They work for us. Do you realize that . They are millennials. Here they come. On their way. Almost at the door. You will meet them in a moment. [ male announcer ] whether it takes 200,000 parts, 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. Two major drugmakers reportedly planning to sell or switch up large portfolios of older drugs. Discussed things with potential buyers for a group of treatment. Evaluating options including investments into older drugs. An update now into general motors. The New York Times reports the internal probe will name executives, as well as employees. Last month, they posted a decline. Still facing probes by the justice department. Stay right there, everybody. Our Millennial Panel is next. [ 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 walgreens is a winner. I want to know why. Nicole will tell me. Nicole a winner on the s p 500. Hitting a new high. Up 4. 5 . This is because of what they are seeing in the stores. Customer traffic dropped a little bit. The customers that are in their art filling their baskets even more. We are seeing subscription sales on the rise. Stuart baskets . You go around walgreens with a basket . Nicole how about duane reade. You get a hole card. It is like a supermarket and pharmacy allinone. Stuart this is a good one. We brought you the story about how one third of millennials are still living at home with mom and dad. I think the fact that only 45 of millennials living at home are underemployed. They are working hard. Trying to find jobs. This is a cultural shift. Stuart some people say that millennials are simply lazy. That got our production staff really fired up. The argument was intense. Especially among the three young ladies that join us now on the set. Christine ambrose, normally known as chrissy. Caitlin fisher. Normally called fish. And always who is always a elise on this program. You took particular exception to being called lazy. A third of the people of your age group live at home with mom and dad. I wake up at 4 45 a. M. To get on a train at 5 30 a. M. Does that sound like lazy to you . Stuart but you live at home. I do. A lot of my friends live in neighboring cities. You know, just live at home for a little bit and then moved out. I graduated college with about 30,000 of Student Loan Debt around my neck. It would be great to be independent and not be under mom and dads roof. It would be a lot of money. Stuart you absolutely are not lazy. They i a test for that. Why thank you. Stuart to get up at 4 45 a. M. At your age is extraordinary. Fish. Caitlin. [laughter] stuart you have no students that. I decided, consciously, going into college i would go to school where i did not have to incur any debt. I did not go to my dream college. I decided to go to a state school and go to school for free because of the programs available for me. It leaves them in a position to not have to pay for rent, car, health insurance. Stuart you do not have any debt. Correct. Stuart i think you made a good and sound financial decision. My parents were happy for me. I went to the same college that they did. That was always a plus. They thought it was a wise decision did if it meant not incurring any student that, that was the way it went. Stuart you are a single mom. You do not live at home. You are a millennial. Do you get help from your parents . I get help from them for day care. I was also fortunate not to have any Student Loan Debt. I am in a different position than a lot of people out there right now. If i had to pay for day care, i do not think that i could be on my own. I really dont. I am barely making it. Preschool starts this september. Mom and dad will not be able to help with that anymore. Stuart particularly fired up and angry after yesterdays debate. Were you angry about that . I do not think that there is a one size fits all kind of answer here. Some kids are lazy. The parents are paying all of their expenses. Stuart it is easy. Yes. I will not go on National Television and say that there is not an ease to it. I think people in our generation get characterized as lazy a lot of times because we have grown up with technology and technology is designed to make your life easier and simpler. We have grown up with it. We are used to it. The older generations have not. Stuart would any of you make a different decision five or six years ago . No. Absolutely not. Stuart would you . You know, for four years i went to college in the midwest. I lived by myself out there. I moved to europe and lived by myself there. If i would have taken a job where ever, that would have been my choice. My job at fox and my career path made my decision for me. I wanted to work at fox business. I want to work for stuart varney. I guess i am lazy. Stuart you work extremely hard. You are valuable to us and we appreciate it. Thank you very much, ladies. This is the penthouse and historic building. Just find out how much the penthouse there is worth. What the buyer will get. Okay. After this. Stuart the penthouse on top of those iconic building in new york just priced at 110 million. That makes it the most expensive asking price for a Downtown Manhattan apartment. Cheryl casone knows all about this. Cheryl this will be interesting. This has not gone on the market. Not for sale. This is an early offering plan. Things could change. The Attorney Generals Office has not approved any of this. It will for sure be the top nine. This was built in 1913. It is an iconic Lower Manhattan building. For this one, what they are proposing at this point, 8975 square feet over nine floors. Four bedrooms. An elevator. You are mainly living on 50 and 51. There is an observation deck. They want to put a wine cellar in the great room. An entire floor is a great room and a seller. Stuart that is a bargain compared to london prices. Cheryl of course it is. Welcome to the bubble. Stuart the top nine floors in a building in manhattan. Cheryl we have seen record prices in manhattan. 90 million. 95 million. This will be a big controversy in new york. I will be following it. Developers will have quite a fight on their hands. Stuart do you think it is a bubble . No. I think 110 million will probably be a decent price. I think it will go for that. Stuart i am out of time. Thank you very much. We have to get back in a moment. Could there be a glimmer of hope for the formerly folded state . California may want a change. That is new. Stuart where are the dogs . Where is the return to prosperity five years into the recovery and the obama malaise is still with us. Obamacare, high profile terrorists and the economy, not good news for this embattled president. Lets get right to an with the headlines. Disappointing numbers on jobs and productivity, not a good start to make or break week. Here is a question for you. The formerly golden state seeing the light . 47 of californians think it is headed in the wrong direction. The embattled president , how is he responding to the pressure . Dr. Keith ablow puts him on the couch today on this program. Dan marino pulls out of the concussion lawsuit. Why is he doing that . Here is something new. I will demand regulation of a brandnew industry. Straight to the markets. Been like this for days, no change for stock prices. How flat can you get, we are one point on a 16,700 index. The s p 500 i believe is that a new high, 19. 26. The ten year treasury yield has gone up a lot in the last week. Now we have reached 2. 60 . Google claims it has hack proof email and is expanding overnight Delivery Service across northern california. Not much of a boost for the stock but it is up 3 and 5. 57, netflix has a new cartoon series called beau jack horsemen debuts in august, and aaron paul, lending their voices. Investors love it. Look at this poll from the l. A. Times. 47 , close to half of californians who have been polled think the state is headed in the wrong direction. We will deal with that in the second. Look at the primaries from california last night. Former treasury official won the vote to face california governor jerry brown in november gubernatorial election. Does a republican had a chance to win anything statewide in california . I dont know what james is going to say but i will last, he is the author of a great book, t i taxiforn taxifornia. Pleasure to be here. Stuart no republican can win a state in california, dont care what the poll says. I have heard you say that before and we have discussed it and the reality is jerry brown has a tremendous advantage. He is looking at a force unprecedented term as governor, has 21 million in the bank and got 55 of the vote in the primary that was held yesterday in california. Stuart why is it . You got to tell me. 47 of californians think the state is headed in the wrong direction why is the governor of the state headed for landslide victory . The reality is california voters are terribly conflicted. The economy sucks, jobs are leaving, we know is because taxes are high and the policies of the liberal democrats are wreaking havoc on economics of the state, and 37 as you said feel the state is headed in the wrong direction but they are not taking action. Jerry brown got 55 of the vote yesterday. Was added there sing town house, california is the biggest state, has 18 million eligible voters but only three. 2 million of those voters voted in the entirety of the gubernatorial election. The fact of the matter is in 2003 voters got energized and recall gray davis, a liberal democrat governor to bring in a reformminded governor named Arnold Schwarzenegger who was going to burst the boxes and change government and he failed. He didnt do what he said he was going to do and the reason was he got into cahoots with the California Teachers Association and became people are turned off. Stuart hard for me to say this, i dont think you understand politics in california. You have written a book about it but how can you possibly be the amalgamation of groups that stand behind the democrats . Hispanic voters solidly democrat . Union voters solidly democratic this state of california and environmentalists all of the democrat. None of those constituency groups will never leave the Democrat Party in my lifetime. If i accepted what you just said than i would be in the camp that would write off california politically and i will tell you why california cant be written off. There are 53 congressional seats in the state, 55 votes in the electoral college, there are pockets within california that are going to change the congress of the United States. Already we know there are foreign battle democrat incumbents in california. There are a four democrat incumbents that are threatened. Stuart four house members, democrats from the state of california who turned scott peters, a. D. 52, amy berry, i believe congressional districts in sacramento area in the congressional districts, the fact of the matter is there are two of the receipts that are open because of Henry Waxmans resignation which could go republican or republican finished first, a tremendous prosecutor has roots in the santa monica area, that seat had a history of stuart in which year will republican win a statewide election in california . We have to keep the democrats it is if anyone can do it it is probably going to take since time. Stuart 2020 . If i can or come on your show and we can get the information out there may be. Stuart when you havent answered the question, 20, 22, 24 . I am not prepared to give up on a Republican Party and i dont think the rest of the country should. We have to hold the democrats to account. How are we going to stuart will you take this bet . 10,000 here and now says california stays democrat in the next two president ial election cycles. I will take that bet. We had a startling thing occur in the election yesterday and that is in two statewide races. Republicans came out on top, two out of 8. One of the won for controller and is a runoff named ashley, the mayor of fresno in four years she can be elected governor of california. Stuart willingly pay up on video tape. Stuart i am not a betting man at least one i am outside las vegas. Stuart good stuff, thanks very much. Not good news for retailers, apparently not good. Tell me. Nicole bear market territory for some of these retailers, where is the disconnect we are seeing . The s p 500 has record all time highs and some of the stocks within that, you have seen a mixed Economic News some of which and showed Consumer Spending on the rise. Does that mean with the same store index that bears and demand from a harsh winter . In the meantime we are seeing names like aerospatiale to the downside down 1. 5 . When we talk about bear market territory, American Eagle outfitters, whole foods market. List is huge, two pages long, great retail names hit the stores but they are 20 off of their most recent highs of the question is what are consumers thinking . Are they spending again and if not for how long . Stuart thanks very much. Check the price of gold please because steve forbes is writing in his new book that the Gold Standard is the prosperity engine. Steve forbes wants to go back to using gold as the basis for valuation of currency. It was the Gold Standard. Tres knippa joinschicago. I know you will agree i dont know but i have a pretty good idea that you will say yes. Gold should have a role in currency values but i also put it to you it is never going to happen in my lifetime. What do you say . Debating potential Gold Standard most notably in the United States, why dont we talk about what the world would be like without gravity . It is never going to happen. We can forget about it because it would mean balanced budgets, government cant print money to buy their own debt and monetize the bond market like we are doing. Isnt going to happen. I can also tell you from firsthand experience you want to get pushed to the fringe of a financial discussion . Start talking about gold. It has happened to me personally anywhere from hong kong to geneva to south america, bring it up and people go old tres knippa is a gold bug. It couldnt be further from the truth. Theres not enough goals in the world in order to make a gold backed currency so that is not realistic. Having a limited supply of currency, lets face it, look at one of the quotes from this article about steve forbes. If printing money created wealth, why are there poor people anywhere in the world . Is simply false. Stuart thanks for nailing it. We appreciate it and i agree with you, tres knippa. Seattle raising the minimum wage to 15 an hour. One of the highest, would be the highest in the land. Sally clarke said about on this program. Lowwage workers in seattle and spent time, i am conscious and want to make sure this works, what will work for the city of seattle, we want to evaluate that and see as we go. Stuart City Council Member in seattle, very much in favor and voted for 15 an hour. A Franchise Group suing, one of the members of that group, owns two alpha graphic franchises in seattle. You are suing, why . For the International Franchise association, and the purpose of our effort is to deal with the fact that the city council and the mayor have arbitrarily decided to classify franchise businesses as Large Businesses even though we are each independent and none of us meet the threshold of 500 employees to the Large Business. Stuart you are suing not because it is 15 an hour but because you have been classified as a big business when in fact you independent guys are Small Businesses so that is the nature of your suit. The 15 an hour rule is imposed, would impact on your business . On my particular business 12 of employes are currently compensated at less than 15 an hour. A modest effect, my competition who is not necessarily a franchise business would have a much different transitions cycle, would have seven years to transition to this rate where Large Businesses are given three years. And relative to my company, many franchise businesses double large percentage of the workforce currently under the 15 an hour wage rate. Stuart the 15 hour minimum wage wont be imposed will be for another 7 years. You think you can hold up water event that . The schedule is three years if you are a Large Business by their definition and seven if you are small. The issue is not to hold it up. To request the city council and the mayor modified this and unfortunately it has to go to the legal process. Of the one you would be happy to be reclassified as a Small Business . That you are ok with . Yes. Stuart i follow this lawsuit because we are interested in seattle doing with a 15 per hour minimum wage. Interesting develop indeed. Thanks for joining us and keep us in touch with how the lawsuit is going. Stuart Facebook Says it will allow youngsters under the age of 13 to join up. If they get parental consent. Either way you can bet dr. Keith ablow is not going to be happy about it and he joins us next. Stick with innovation. Stick with power. Stick with technology. Get the flexcare ptinum from Philips Sonicare and save now. Philips sonicare stuart some of the foxes are moving, protective life bought by a Japanese Company sylvio berlusconni , no surprise there. First solar, the government sets new import duties on chinese solar products, first floor goes up 6 on that news. Some would say this is shocking but a new poll, 63 of millennials, 18 to 34, millennials, say 63 it is impossible to achieve the American Dream. That is a shocker, isnt it . Liz is with us. What do you make of this . Liz the commission by the macarthur foundation, inestimable reputable outfit, the question is is this the new normal . Is the American Dream dead or just been delayed . I say it is out there, 8 is delayed, 2 , symptomatic of 2 growth in the economy. Stuart they abandoned growth. The American Dream which is the hope of folks in america in my opinion, if you say it is that it doesnt work, it is impossible to achieve it, you are abandoning hope, you are very negative view of your future. The 9 young people tend to be pessimistic any way. The question is is this again the new normal, the way it is going to be for future generations . I would say no. The American Dream is still out there. Is still there. Stuart you gave me 5 Economic Growth and i will give you a reversal from. Fox news contributor dr. Keith ablow is with us, something of a lightning round for him. I will start with facebook which he hates. Facebook will allow kids under 13 to join his parental consent. You think this is i am telling you millions, tens of millions of 12, 11, 10 year olds will be joining up and you hate it. Yes. If their parents think this is just fine then under the law they are free to join with this new patented software that facebook may be polite, accesses parental permission in some fashion. It is bad for your kids. It is bad to pretend to have friends they dont, bad for your kids to get addicted at 10, 11, 12 years old to having to have a public persona that is not their real selves. This is a disaster and now it is becoming epidemic about to be epidemic in much younger age groups when the fact is i support making it illegal to use it if you are not 18. It is worse than alcohol, worse than marijuana, is the most powerful drug we know that is being disseminated willynilly. Stuart i am moralize but i have to move on. As telling you the truth. Stuart millennials, third of the living at home, some of them think they are lazy, other people say they are victims of a weak economy. Address that. They are lazy. I dont know that they are lazy. They are partly victims of a weak economy. I heard what you were saying about so many people believe in the American Dream is dead but keep this in mind, we made these folks into narcissists. The American Dream of homeownership and enough money to support your family at the prospect of making more money in the future may not do it for people who consider themselves celebrities who have been raised on youtube and facebook and they want to be stars. Stuart modern technology, you have got to do this, move with the times. Here is a sign of the times, technology, secret service developed software that developed sarcasm on the internet. I call sarcasm a low form, what do you make of sarcasm . There will be all manner of software programs, some from the government some from others that detect exactly how you are feeling or try to and we have to make a court decision. Do we want to own our own lives and the autonomous or be transparent and cogs in a big technological well . Stuart we are cogs in a technological wheel, we just have to get used to. Last one, put the president on the couch. He is under a great deal fresher. One scandal, one retreat after another. Put him on the couch. Barack obama on the couch just tells you the truth. He is telling you the truth. This was not exchange prisoner for a prisoner, this is a win win for him, six people who dont much like america. He freed all six. That is okay for him because he is not sure what he thinks about america either unless he is sure and that would be negative because it surely is not a positive feeling about our country. Stuart you dont think the president has positive feelings about the United States of america . No. He has intensely negative feelings, he believes that the less american, the less influence of america around the globe the better. Stuart that was a good lightning round, good luck. Yes, america in my opinion oversregulated but in the case of legal pot, marijuana, i say regulation is a good thing. My unusual take is next. Stuart i think america is alot of pot least candy have legal weed is new and should be regulated and users need to know what theyre biting into. 40 of the pot consumed in colorado is edible and that is where regulation in my opinion is most needed. How about a warning label that at least makes it clear that this is no ordinary candy bar . And inspection regime to make sure the t h c is spread evenly through the entire product . Would it be out of the question to have pot dispensers offer advice on dosage . Believe me, believe me i am no fan of rules and regulations and i take no position on Recreational Use of marijuana but if this new industry is to go national it will have to grow up. It will have to warn of the risks and establish standards. Government has its uses, yes it does. Frankly i would expect the Marijuana Industry to press for regulation. It would help make wheat legitimate. That surely would increase the governments tax revenue. [ 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. I got lots of advice, but i needed information i could trust. Unitedhealthcares innovative, Simple Program helps moms stay on track with their doctors to get the right care and guidance. anncr vo thats health in numbers. Unitedhealthcare. Stuart stock is up again today, netflix is announcing a new original cds, a cartoon with some big names attached to it. The stock is up. Give me more on this. Original series starts in august, this is expected to have the same cult following as arrested development and it is one of the reasons will arnett is playing well horse. In this weird world animals interact with people, he is the 1990s washed up sitcoms far as of course. So is breaking bads baron paul. Is expected to be superfunny. Stuart this is another original item. From netflix which they are going to stream to one and all and the market likes it. The first of original cartoon comes from michael eisner, from disney. Stuart the stock is 422. Good stuff, thank you very much. Dan marino has backed out of the nfl concussion, huge. Other players are Going Forward with an. Joining us is the cowboy guard who has been with us before, successful one for north this guy on screen right now. You have 2,000 employees with a string of when restaurants. Is that right . I sure do in tampa bay, doing a remote from tampa bay so nice and sunny, we miss you down here. Stuart i am going on friday afternoon but that is another story. Not looking for free wings. What do you make of this concussion lawsuit. Dan marino dropped out. Whose side are you on with this . The players or what . Being a player, you always side with the players. I dont think the nfl does a lot for retired players. They did a new bargain agreement and it was zero for the retired players. A lot of retired players, a lot of guys out there in really bad health and the pension programs and what the nfl has been doing for players is a travesty. Havent done a whole lot. Peter when you have a lot of public sympathy on your side because football is a very wealthy sport these days, the nfl is the 10 billion a year industry. There is a feeling that something more should be done for those guys who are feeling the effects of their years playing the game. The other side of the coin is you knew the risks. There are two sides to every that you have to look at these outfits coming down at 40 years old, disabled, cant do any manual work or manual labor, all this is shot. Now they are finding out, somebodys jr. Sales situation, andrea waters out of philadelphia, they had some dementia and that is why they committed suicide. The nfl has a problem and had a heck of a pr machine to remedy that, but it is some issues with a lot of players, not everyone, began marino or troy aikman made hundreds of millions of dollars. A lot of them didnt make the money in the 60s and 70s. Of the one you are dallas cowboy and inducted. Stuart any concussion problems or injury problems . Have you gotten any money out of this . I got a settlement of 50,000 when i got out but to take care of my chiropractic and all that stuff i had two four surgerys out of football and a total of 7 surgerys total and i am one of the better guy is coming out, i played eight years if i played 10 or 12 or 22 years these guys have Serious Problems when they get out. Stuart i hear you. I have to ask about the minimum wage. You have 2,000 employees in your operation in florida, a restaurant operation, what would you do with 15 an hour for your work out . What would happen to your operation . We will all go bankrupt like california and all these liberal states that are making these new laws. The bottom line is i wish government would stay out of Free Enterprise system as ants i think they have their hands in government and 15 an hour what happens is a lot of businesses cut back on employees so the employees that a going to benefits are few and far between and that cup of coffee at starbucks by 17. Stuart in my house we dont call it starbucks, we call it four xbox because that is what it is. It wont the four box anymore. Stuart i you know position in your restaurant to use technology to lower your work force . Oil lot of people do, a lot of restaurants are doing that. With the ipad technology and stuff like that but what we do is more about the staff, beautiful American Girl waiting on you. I dont know if my male customers would Like Computers to talk to. Stuart how many restaurants. Well then another restaurant tomorrow in sarasota. That would be number 24. Stuart well done, great to have you on the show. Pleasure to be on. Stuart dow industrials going nowhere, virtually unchanged. How many days in a row have we done this . Extremely low volume, go nowhere stock prices, that changes friday morning when we bring the employment numbers. Negative Economic Growth, we talk about recession, may be. After this. [ the human leagues human plays ] humans. Sometimes life trips us up. Sometimes we trip ourselves up. And although the mistakes may seem to just keep coming at you. So do the solutions. Like multipolicy discounts from Liberty Mutual insurance. Save up to 10 just for combining your auto and home insurance. Call Liberty Mutual insurance at. To speak with an Insurance Expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. Personalized coverage and savings all the things humans need to make our world a little less imperfect. Call. And ask about all the ways you could save. Liberty Mutual Insurance. Responsibility. Whats your policy . Internet Radio Service pandora says more people are signing up for service listening hours of 28 from a year ago but with more comes higher royalty costs. It puts the stock down 3 today. Three major drugmakers planning to sellers with portfolios of older drugs. Wall street journal says potential buyers with a group of treatment that could fetch 16 billion. Glaxosmithkline is evaluating options such as the vestments for the older drugs. Doctor dray vowing to spend some of its cash he got from the sale of beats to apple. We heard rumors last month and the l. A. Times confirming today that 40 million on tom bradys 14,000 square foot brentwood california mansion. The real Halftime Report coming up next. The numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. Stuart time for the real Halftime Report with Nicole Petallides at the exchange. Ed butowksi in new york and Elizabeth Macdonald here as well. Economic data of late negative growth last quarter, disappointing jobs today, the word recession is in the air. Of we headed for recession . It is in the economy. I dont think theres any question normally when we head into a recession the government has a tool. We love the fed funds rate and discount rate to stimulate the economy. We cant do that. I you one of those guys who called 30 of the last week to recessions . Never called the recession. And numbersevery single thing with the exception of new car sales. That is not a leading indicator. Everything is getting worse, and look at those numbers today. The bottom line is we are there. Stuart will gdp figures show another contraction . That would mean we are officially in recession. I dont know if that will happen but i can tell you that is a survey that is difficult to get but everyone can smell it. We walk around and prices were higher and you dont want to go anywhere. That in my mind was a recession on the. Be ready for it, it is happening. Stuart i got apple, they got this Fingerprint Technology to turn your phone into a wallet so maybe that conference wasnt quite such a yawn after all. Liz the recent developments, in no revolutionary hardware coming out like a new form of an ipad or new technology it level. Our wallet, interesting stuff, turn the apple iphone into a point of sale, fingerprint, and basically Payments Processing in your iphone to be in your purchase to cash registers so you dont have to wait in line, things like the Holiday Shopping season. That might be down a road. Stuart then we have google, we call it the everything because theyre always coming out with something new and i think theyre the big innovator of the day. Im not buying the stock but im buying everything they do. I love google. Between google maps im not using google, theres nothing i do in my life that i cant do better most likely with google. You always have to root that the valuations. We will see a pullback in the overall market. It is a mainstay of everyones portfolio. Stuart then we have elon musk who is going to stay at tesla for awhile, four five years. What is the impact of the stock on that news . Nicole in addition to the fact there looking at different states for their factory, stock is down 1 2 . Elon musk has the golden touch with tesla and solar city. Pickup three winners in nevada, arizona, texas and california. Stuart they announced the location of that factory by the end of this year. Is that correct . That sounds right. I will go with what you say. Stuart i read it. The wall street journal. Should we listen to steve forbes and go back to a Gold Standard . I love mr. Ford and mr. Forbes and agreed, i am not a believer in that. We dont have to go back to the Gold Standard, they of the economy is going and i dont think we need to go to the Gold Standard. Stuart under armor, i know it is up. An easy idea. When you use how many people are shopping at different stores, i see so many people with underarm wrong, and then you have analysts raising it to a buy, raising a target to 15 and talking cute growth and sales can exceed 15 billion over the next two years. On radio over the last week or so, talking athletic wear being regular where. Has the trend continues you will see under our brand athletic wear makers, nike comes to mind. Stuart im laughing because i cant see me in spandex. That is it. On your tractor. Stuart that is it for todays real Halftime Report. Thank you everybody. A guy says the plate, texting his girlfriend all night in the dark. The result, a detached retina. We brought you this, how you get a detached retina from texting . Dr. Manny will explain it next. Stick with innovation. Stick with power. Stick with technology. Get the flexcare platinum from Philips Sonicare and save now. Philips sonicare [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. [ chainsaw buzzing ] humans. Sometimes, life trips us up. Sometimes, we trip ourselves up. And although the mistakes may seem to just keep coming at you, so do the solutions. Like multipolicy discounts from Liberty Mutual insurance. Save up to 10 just for combining your auto and home insurance. Call Liberty Mutual insurance at. To speak with an Insurance Expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. Personalized coverage and savings all the things humans need to make our world a little less imperfect. Call. And ask about all the ways you could save. Liberty Mutual Insurance responsibility. Whats your policy . Lou he says president obama could be impeached for releasing five senior taliban terrorists. Former federal prosecutor Andrew Mccarthy joins us to talk about that and is new book faceless execution building a political case for obamas impeachment. Tonight, 7 00 eastern. Stuart if you are a late night text area might listen to this one. 26yearold man in china suffered a detached retina after texting his girlfriend in the dark for hours. Dr. Manny alvarez joins us now. I am sure there is a medical explanation for this but i dont believe it. God knows what he was texting. Stuart hit on the side of vote head, that is a physical thing. Tell me how hours of texting can result in a detached retina . If you read more on the story this gentleman had myopia which means he couldnt see from far or read close. When you put a lot of strain in your eye, a lot of especially heavy reading and you see this a lot as you get older you are then, could develop a detached retina and that is exactly, this is an annual gold anecdotal report after he was texting. In china 77 incidence of myopia. Stuart all people are susceptible to myopia, this 26yearold he had it. Of course the strain of excess of texting especially with a dark lake that night and so on and so forth can create a stressful condition where the i cant take it anymore. Stuart is this a serious risk . The bigger message here is all these technologies are creating a lot of occupational hazards. There is to one carpal tunnel thing . No. Part of our organs, we are using excessively. We are developing debate on both of these playing video games. Stuart my mom and dad used to say, set your eyes on that. Stuart couldnt see it clearly. That is the whole point. You know, the point is now people just really have all these devices and doing everything through it, youre going to see occupational hazards from it. Stuart there is a new study, always a study, this one says your smart phone is making you fatter. The blue light emitted from one of these things, increases your hunter. I say nonsense. I think you are right. That is not my excuse for being overweight. Ten people, affecting the blue light especially at night and whether it induces under. In their report they founded to be true. Not scientifically complete, but all of this we know for sure interests your sleeping pattern. Absolutely. It deserves your sleeping cycle. If youre watching your computer in bed, and what about light . The blue light is how affects your mind. What do you do at night when you go to sleep . But the drapes down and wanted done . In order for all the hormones to be activated. When you are watching for two hours in your bed video or playing games, that blue light cant interfere with your sleep pattern, that could make you fat. Stuart from this segment i have learned if you got myopia dont text all night in the dark. Dont read your texts on your cellphone. Go to bed. Stuart we are very glad you are on the show. Get the nobel prize in medicine. Wait for it, your take is next. People in my generation gets scared arise as lazy. We have grown up with technology. It makes your life easier and simpler. We have grown up with it. We are used to it. Stuart that was a very short clip from our varney millennials. We invited them to come onto the show to react that there generation is lazy or entitled. Here is your take on the rest of the show. Michael tweets this. He says the American Dream is on hiatus. Obama says this about the finding that Many Americans cannot afford their mortgage or their rent. No checks and balances. I have to tell you, the American Dream is alive and well. Liz it is alive and well. It has the economy falling through the looking glass. See to the Entitlement Society negates the American Dream. We are pulling back on that a little bit. Out of time. Here is deirdre bolton. Deirdre welltimed indeed, stuart. Thank you very much. China and the business of music. Elevation partners right here. Joining us very shortly. Speaking of technology and music, the government is listening. Americas pastime. It is also big business. My exclusive conversation with the frenemies of espn is coming your way later this hour