Transcripts For FBC Varney Company 20140917

Are synonymous with football, not satisfied with how the league is handling its off the field issues. Budweiser joins 90, mcdonalds, visa, campbells soup, procter and gamble as major sponsors who have either taken action war are demanding action. Peter trader, nfl insider, joins us now. When money talks, it is possible Roger Goodell will have to walk. Is about to leave the thing . Money is talking but is money acting . For budweiser, anheuserbusch to come of with this statement, i understand but until they pull the sponsorships, until they are actively not going to be associated with sundays come game bailout of this could be a lot of huffing tests from these companies and making statements but the only company i am aware of, radisson, they pulled their sponsorship for the minnesota vikings, that is an action and the vikings have responded promptly since then. I have been in minnesota covering this story and originally they said they will play Adrian Peterson sunday. A lot of things happened over the last 48 hours and at 1 47 a. M. I got an announcement from the vikings they will not play Adrian Peterson and he will be indefinitely not with the team. Stuart peterson is a real star, probably the best guy in his position in the nfl. Former league mvp, heisman finalist, one of the most decorated stars in the league and this is a guy the nfl has promoted, who is active in the community, always working with kids, kids with the issues, one of the faces of the league. He has a situation that is quite drastic. Stuart it has really had an impact on that one team, the removal of the star for the immediate future but so far, not an impact on the whole football. On this program we covered football extensively. Is the number1 sport, it is a big money earnings board in america, 10 billion a year. In your judgment to using maybe this scandal has created a peak for the nfl, a peak in popularity, peak in revenues and made be downhill from here . We looked at that with lehman brothers, too big to fail is will we always said with the nfl but this seems to be a moment in time, right now it looks like actual sponsors and people are reacting in mass. We have some cases pending, one of them is greg hardy of the california panthers, he has been arrested but is appealing domestic violence. The nfl said you can play while the appeal is going on. All eyes are on the Carolina Panthers and how they will solve that problem because you set a precedent with Adrian Peterson and these guys are stars in the league and one of the biggest cases in your household every sunday, the ones being penalized and remove from the field is what action is taken. Stuart it is possible that this will result, this is the nasty scandal. Will this possibly lead to better behavior by the stars of the game off the field . You would hope so. The nfl is already appointed four people in position over the last week that are going to help improve this and players have to take notice. They say he is invincible, in vincible guy on the field. Stuart what can they do to me . There will be some changes. We havent seen or heard from Roger Goodell directly since last wednesday when he came on cbs news. Dont know where he has been but all these teams are scrambling around, the Players Union scrambling around, time for Roger Goodell to take action. Stuart the team owners, going to be fired, stepping down. 20 of 32 team owners had to vote him out and do it based on the personal conduct policy saying he violated it. Theres a lot of red tape. Stuart two used to run in his contract. He makes billions of dollars and have thrown their support around him. It would take a big issue, actively covered up evidence in one of these cases and there is a smoking gun to say Roger Goodell is at fault, time to remove him. Stuart the elevator video. Did the cover it up . We will see. The investigation is going on. Stuart good stuff, thanks for joining us. Much more on this story, later this hour we will talk to someone from twitter about how social media has stoked the fire of outrage and forced the nfl and vikings to act. 11 45 this program today. Check the big board. Where are we on the market . Waiting to hear from janet yellen. That is at 2 00 this afternoon eastern. Will the fed raise Interest Rates sooner rather than later . That is the big deal. The dow industrials are up 22 points. Some individual stocks, sony expects bigger loss for the year, we are not buying their smart phones. Down goes, sony down 7 . Adobe same story, and disappointing forecast, lower sales, down to those 4. 5 . Still with the market and look at yahoo please, it owns about a quarter of the chinese amazon, ali baba which goes public, friday. Yahoo moving up to 42 in the last week or so just down 0. 10 today. Mary kissel of the wall street journal as oral board is here. If i by ali baba at stock what am i buying into . You are buying into any indisputably large tech market in china which is why people are excited about the audio but you have to realize you are buying into a market that is crony, largely dependent on the communist party for permissions and licenses to operate and is full of corruption. Look at how the authorities are pursuing qualcomm, the way it is set up and when it comes to ali baba itself, jack is closely associated with the party, he came to the United States for the first time because of party support. He was run out of business the first time by a state run enterprise, he joined a beijing based party backed company, started ali baba and in terms of his management style this is another reason for concern. He has done things like to buy a soccer co. A film company, sketchy accounting problems. When i wrote a review, biography of him in 2009 called the web of connections ali baba freaked out. You can say these things, you cant talk about his record, his affiliations with the party. We really dont like that. We sit too bad. Buyer beware, stock may do poorly but you have to know what you are buying before you go into it. Stuart some early investors got into ali baba, they bought little pieces of it for collective price of 1. 7 billion. Those little pieces now worth approximately 6 billion, that is called profit. We covered at length the president s war on coal. The numbers dont lie. Take a look at the coal stocks under president obamas leadership. Barge pole, start with that, down 85 in the past five years. Look at that chart, move on to the body energy, down 60 . Out the Natural Resources, talked about a chart that looks pretty ugly. That is down 90 and the capital loss, walter energy, that one is down 93 from five years ago. Tracy byrnes is with us. Your story is that but epa is stacked with former green knees and they are trying to bankrupt coal. That is your story. It is not often you come across a legal document that is interesting to read. This is reverting. It is the energy and Environment Legal Institute report through the freedom of information act did this report to see the collusion basically between the epa and all these green organizations and what they found is amazing. There are emails basically saying let me email what i can do to help you to kill coal. From the bp a to now we have Natural Resources Defense Council lobbyists, sierra club lobbyists, there are emails with the epa plotting to kill the keystone pipeline. This stuff is really big and really interesting. The whole ideological agenda being pushed and the notion theyre trying to bankrupt coal and you put quotes of these stocks, there are many you didnt mention that dont exist anymore. When they kill the industry, Grover Norquist has said back in 2008 president obama is looking to kill the coal industry and that is what he is systematically doing. Stuart let me recap, the epa hires people who used to run the sierra club for example, Natural Resources Defense Council, hire their executives, put some on board within the epa, turn around to their oil companies, the sierra club and Natural Resources Defense Council and say how do we bankrupt cold . That is what happened. We are friends, we know each other, we are on the same page, lets do this. Stuart anything to add . Their ideas cannot withstand public scrutiny because if they believe in what theyre doing, if it was the right thing to do they would be trying to get bills through congress to formally killed of keystone pipeline. Instead they go behind closed doors. Look at the damage that has been done. Look at the housing department, look at the associations with the Community Groups and the moneys it comes in. It is it is i am italian. Stuart constitutionally we will ask the judge about this later. It is legitimate presumably. Is just not ethical, is it, for an organization to hire lobbyists and have those same lobbyists within the government lobby for the ruination of an entire industry with their former groups. Lobbyists come down on me but a lobbyist should be abolished and that is part of the problem. Totally disagree. Lobbyists serve a function. Free speech. Tracy people with big pockets, the sierra club. There are deep pockets on a right and left the. Called the unions on the right it is called other groups. Tracy how many of the good . This is called free speech. Money is speech. Tracy is free speech but not helping the little guy. Stuart you cannot stop lobbying. How can you do that . Who do you choose gets to lobby for free tax credits . Oil lobbies for tax credits. That is why the tax code is a book of favors because we have lobbyists. Stuart sunlight is the best disinfectant and you are the sunlight because you just threw it open, now the world knows what is going on with the epa and coal. Doing what you are supposed to do. You dont have to shoot the lobbyists to get by. Great to hear a breath of fresh air and sunshine. Thank you very much. The judge is going to pass judgment on this in the next hour. How do you rain in what looks like a totally runaway agency when it is carrying out the president s agenda . His answer is sure to the fiery, olive and 30 this morning he will appear. Nick after the bell the top general contradicts the commander in chief, general dempsey leaving the door open for. On the ground in iraq, the return of combat troops. Very different from what the president has said. Remembers this . We will not be sending u. S. Troops back into combat in iraq. American combat troops will not be returning to fight in iraq. I have been very clear we will not have u. S. Combat troops in iraq again. Combat troops will not be returning to fight in iraq. Will not involve american combat troops fighting on foreign soil. 3rd and 3. 58 seconds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the global economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500, its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon, a different kind of wealth manager. And black swans are unpredictable. [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath. [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. Now we invite smokers to quit, too, with our comprehensive program. We just want to help everyone, everywhere, breathe a little easier. Introducing cvs health. Because health is everything. Watch this. Sam always gives you the good news in person, bad news in email. Good news fedex has flat rate shipping. Its called fedex one rate. And its affordable. Sounds great. [ cell phone typing ] [ typing continues ] [ whoosh ] [ cell phones buzz, chirp ] and we have to work the weekend. Great. More good news its friday woo [ male announcer ] ship a pak via Fedex Express saver® for as low as 7. 50. [ male announcer ] ship a pak via Fedex Express saver® means keeping seven billion ctransactions flowing. G, and when weather hits, its data mayhem. But airlines running hp endtoend solutions are always calm during a storm. So if your business deals with the unexpected, hp big data and Cloud Solutions make sure you always know whats coming and are ready for it. Make it matter. Stuart we will find out we think whether or not the fed raises Interest Rates sooner rather some later or later rather than sooner. Dollars of 24 in advance of that. Look at the price of gold, it is going nowhere, down, up 0. 10. How about the price of oil . Now it is unchanged, 94 a barrel. The maker of cheerios, Betty Crocker randal whole lot more says sales fell for the fourth straight quarter. General mills down 4 , big drop. Different story at fedex, it will hike ground and express delivery rates january of next year, fedex stock is up 3. 7 . That is another big jump for fedex. Do you remember occupy wall street . Who could forget . And popped up three years ago the anniversary is today. The nypd, extra cops, roadblocks, barricades from the World Trade Center to the nyselisted where Nicole Petallides is waiting for us. What do you see when you look at the New York Stock Exchange . Anything going on . Nicole where Nicole Petallides is today, barricades are being extended beyond normal borders of the stock exchange, we are seeing increasingly Police Activity on broadway on all sides of the New York Stock Exchange, where cars are not allowed on most sides of the nyse and others on broadway lot of Police Activity, barricades set up, remembers remembers a tidy parks, this is the third anniversary of occupy wall street, single file only, department of a land security monitors these folks very closely to focus on economic inequality. In addition to that we are waiting for monday as well or at least flood wall street, will also be an issue where you will have climate activists flooding this area. They are going to gather and march down here by 11 30 or noon and planning a mass it in a around the New York Stock Exchange. They tell us not to where corporate outfits. Should i put on my dirt bag sweats to come to work . I dont know. Get a job. Standing outside here doesnt help the cause overall and i remember it very well. The only person who says good morning to the swat team like they are the milkman. Then i can run in. Stuart stick it out, we are all for you. The chair of the joint chiefs, general Martin Dempsey is leaving the door open for troops on the ground saying special forces troops may need to engage the terrorists on the ground. The general also adding half the iraqi army is unwilling to fight because of sectarian differences. Here at home under your command has been charged with trying to recruit and aide isis millicents to go over is there and fight in iraq. Latest poll from the new york times, 57 say president obama is not acting tough enough when dealing with isis. The Washington Free begin is in d. C. Joining us now. I believe the house is voting today or debating today money to train the rebels in syria. Is that accurate . I dont doubt they will pass that money. The rules last night to move forward on debating it. They will do six hours of debate specifically on the syria amendment, 500 million to arm and train Syrian Rebels so theyre finishing up debating, i was on the heller earlier today and they should finish a debating voting on it shortly, when i was speaking to different sources on general consensus among everyone is they think this likely will pass, how close a vote would be . Some one i spoke to said there is a chance it may actually be kind of a close vote because you have some people that are democrats who are concerned and not necessarily supportive of this proposal of some arming Syrian Rebels. You also have some republicans and libertarian republicans who feel the same way and interestingly you have republicans saying this doesnt actually go far enough to achieve the goal of defeating isis so it looks like it will pass but because of those different fractions stuart i think of you as a millennial. Is there a part of view that says stay out of this, it is not our fight, it is a mess, sooner or later if we give the money and weapons they will turn around and fire at us, just stay out . As a millennial is there part of view that says stay out . I think i look at it and hear what a complicated debate it is and understand from both sides you have questions of can we defeat isis or isil if you dont deal with the issue of a side or if we dont have. On the ground as the millennial thank goodness im not the one who has to make that decision because theres so much complexity on both sides and so many arguments in terms of why we should be involved, why we shouldnt and everyone seems to recognize the serious threat isis the bottom line is i am so glad i am not the one who has to decide this because it is not easy to decide whether or not you should keep the option of boots on the ground on the table, should it be taken off, do we want to do this or that . It is an incredibly complicated debate and we are seeing that, the complexity of it play out in terms of how the house is looking at his vote when you have so many republicans and their party splitting into all these different fractions saying i support it, i dont, it doesnt do enough, it is a tough thing and i am glad it is not a decision i have to make. Stuart i think it was the videos of the be heading videos if i can put it like that the changed, it really change Public Opinion in america. 57 think the president is not being tough enough. I think you are right because as soon as the bulls came out following the be headings particularly the james foley people became more interested, there was a poll politico had last month where they said when they told people to as the biggest bit of news they paid attention to in the last five user was james foley said that is changing Public Opinion and made people facetoface with the threat. Stuart something penetrates the public mind. A lot of news flowed and the news cycle doesnt penetrate but that item did. Sorry were out of time. Come again soon. You got a quick comment . Maria a good job laying out the complexity but you have to say the complex situation, because president obama did not exercise leadership three years ago, he didnt follow through when he said he would bomb the airfield in syria and he let the situation get out of control. You cant blame george w. Bush anymore. This is on a head of this president. Stuart thank you, quick check of the market to the big board, were 21 points and pretty much holding as of right now. Here is what we have next. Check this out. Custom designed fish tanks, tens of thousands of dollars apiece, now theres a Reality Tv Show about them. The stars of this show coming up next, look at this. Three, four, never dreamed he would do all eight drums. We are not doing this. The background from a challenge apparently didnt get a memo. How much money do you have in your pocket right now . I have 40, 21. Could something that small make an impact on something as big as your retirement . I dont think so. Well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. So i can reach ally bank 24 7, but there are24 7branches . Its just im a little reluctant to try new things. Whats wrong with trying new things . Feel that in your muscles . Yeah. I do. Try a new way to bank, where no branches equals great rates. Hey, jennar fuzz mike trooawwwwww scram g. Im crust mike jubby roll bond chow gonna lean up an kiss bet. Peas charty get town down. [laughter] borf a liver tute face stummy wag pow pam shabeeps stella nerf berms. Saxanay nay . Badumps a head. Temexiss gurrin. Juppa left. Fluppa jown brone a brood. What . Catch up on what everyones talking about with the x1 entertainment operating system. Preloaded with the latest episodes of the top 100 shows. Only from xfinity. Stuart lennar, which is a homebuilder, put up some of the housing data. They all go of. Not bad at all. Now i know what is happening. [laughter] you can could make a reality show out of anything. As long as it looks cool. Look at this. You were supposed to do one. Did you sent us box after box after box. Pretty good though; right . We never dreamed you would do all eight drugs. Apparently, they did not get our memo. Stuart there they are. This is real life. The stars of the hit show tanked on the animal planet. They built elaborate custom made fish tanks. Take it away. Stuart i like the show. I want to know, are you building a special tank for Shaquille O Neal . We are doing an amazing aquarium for shaquille oneil. Weve built him a bulletproof diesel truck aquarium in his living room. Stuart this is a financial program. How much is shaq laying out for his living room tank . About 50 grand. Stuart that is that all, surely. There are a lot of goodies that went into this one. Stuart i am not being negative. You walk into years ago, they did. They have open tops and stuff like that. Stuart we saw a picture of a drum kit. We did that last season. They attach a piece of the drum kit to the tanks. You know, made the drums playable. It was a difficult field because we had to match the drums. Stuart okay. Thank you, gentlemen, for appearing on the show. Gentlemen, thanks a lot. We will see you soon. The Obama Administration opposing its ideology through administration. A runaway bureaucracy. Wondering what that is . That, my friends, is everything. And with the quicksilver card from capital one, you earn unlimited 1. 5 cash back on everything you purchase. Not just everything at the hardware store. Not everything, until you hit your cash back limit. Quicksilver can earn you unlimited 1. 5 cash back on everything you could possibly imagine. Say it with me everything. One more time, everything and with that in mind. Whats in your wallet . Stuart there is not Much Movement on the big board at this moment. When sooner or later will the fed raise Interest Rates. Still at 2. 57 . Profit at 1 up a whopping 47 . Which ed finn joins us from washington. You want to up the reward for whistleblowers. That is right. They Want Congress to raise the incentive. Reporting evidence of fraud and insider trading. An about officials argued too small to lord executive. They are requesting more. Since congress is on track, it is unlikely this passes anytime soon. The republicans are shielding. Stuart i think youve got it right. Emails showing epa officials who were appointed by president obama to that epa. They were working to bankrupt the coal industry. Judge Andrew Napolitano is here. I want you to tell us if and how you can rein it in. It is not because of barack obama or george w. Bush or bill clinton, but richard nixon. He was the basic rules. It is an administrative agency. The president gets to appoint his people to it. They get to write the regulations that regulate the behavior of corporations and private individuals. The answer to your question may not be a farfetched one. If the republicans take control of the senate this november, then the congress can invalidate any regulation of the epa. Stuart they can go back and say what you are doing to call is wrong. Yes. No. They cannot repeal regulations that are already in place. The epa proposes a regulation. They said lobbyists to congress. We will loose when republicans are in the senate. If both houses of congress validate the legislation, it never becomes law. He like a president whose views on the ability of the government to regulate the environment are a little more sensitive to things like cool. You will not change the basic structure. The democrats they think that they will get their guy in the white house and did their guys in the epa. You could say that there is nothing wrong with that. The epa, just like the fta, the epa was sold on the congress and the public with the following argument. They will be neutral and nonpolitical. They are hardly neutral and harley nonpolitical. Stuart if the epa was staffed by former executives i would really like to go back to stage one where you employed experts. Keeping that air clean. Keeping the water safe. They will say that they do that. The people who run the epa can move the epa and a strong environment. Today is the anniversary of the adoption. I am particularly happy to see you smiling about that. It continues our session from great britain. You want to see scotland. Stuart i want scotland to do whatever the scots want to do. Would you say it would have been all george the third . I would have paired with. With sam adams and all the radical columnist to try to hang george the third. I am saying that to get your Blood Pressure going. They are required to honor Constitution Day by having constitutional scholars discuss aspects of the constitution. Stuart you cannot script off the cuff. Most academics are not with us on that. Incredible. Do not bring the queen in on this. The nfl scandal. Post re tweeted over and over. Shedding light on a real problem. We will discuss it next. Thats when expertise happens. Mfs. Because there is no expertise without collaboration. Neardont have enoughople food to survive. We cant let this happen. There is something we can do about it. Please join Christina Aguilera and yum brands in a movement to fight world hunger by supporting the United Nations world food program. To donate, go to hungertohope. Com or make a text donation right now. Your contribution will feed children and save lives. Together, we can stop the dying and start the living. And together, we can move people from hunger to hope. Nicole i am Nicole Petallides on the floor of the New York Stock Exchange. The dow is up 17 points. Of about 3. 5 this year. Take a look at some of the dow leaders. The railroads doing very well today. General mills under pressure. Let take a look at the stock right now. 25 fall in profits. Of course, cheerios. Some of the generic competition. I am Nicole Petallides. So what were looking for is a way to plus our Accounting Firms mobile plan. And minus our expenses. Perfect timing. Were offering our bestever pricing on mobile plans for business. Run the numbers on that. Well, unlimited talk and text, and ten gigs of data for the five of you would be. Oneseventyfive a month. Good calculating kyle. Good job kyle. You just made partner. Our bestever pricing on mobile share value plans for business. Now with a 100 bill credit for every business line you add. Stuart social media, have we really come to terms . Look at the outcry of the nfl. Forcing the nfl and the teams to act. Here is shayna. Welcome to the program. Good to have you with us. I do not think that it has really sunk in. I would agree with that. Twitter is giving people an hour so society direct access to brands and ways that they never have before. Their feedback, their thoughts are being brought up. Stuart i have an astonishing statistic here. 84 of people with a smart phone or tablet use it as a Second Screen. They could have the nfl game on here. They have another device. They are tweeting. I do not think we have ever seen this group, entry on live action before. I believe it. I was watching my Washington Nationals when the division championship. I took a picture of the tv with my phone. I believe it. Because of that direct inner action while you are watching the game are watching that News Coverage with Adrian Peterson, it is getting people fired up and they are immediately sharing their thoughts with the brand. Stuart the peterson affair, the rice of their exploded on social media. It is social media that did this. A manager that got up immediately, people were all over facebook, all over twitter rebelling against the radisson brand. They said the radisson is probably responsible here. They are making plans take action because people are speaking out. Stuart we have to get to grips with it. Time is money. Thirty seconds. The number of billionaires growing. Fiftyseven new billionaires and america last year. Governor Mike Huckabee on that. The Ebola Outbreak. Touching thousands of troops. At 530 eastern, we have one of the researchers. Then we have scotland voting on independence tomorrow. A rotten idea, i think. We will talk about the recovering european. Elon musk spacex getting a big chunk of nasas flights. Are the largest targets in the world, for every hacker, crook and nuisance in the world. But systems policed by hps Cyber Security team are constantly monitored for threats. Outside and in. Thats why hp reports and helps neutralize more intrusions than anyone. In the world. If Hp Security Solutions can help keep the Worlds Largest organizations safe, they can keep yours safe, too. Make it matter. The smartest or nothing. The quietest or nothing. The sleekest. Sexiest. Baddest. Safest. Tightest. Quickest. Strongest. Harshest. Or nothing. At mercedesbenz, we do things one way or we dont do them at all. Introducing the allnew cclass. The best or nothing. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i looked at my options. Then i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare Insurance Company. Like all standardized Medicare Supplement insurance plans, it helps pick up some of what medicare doesnt pay. And could save you in outofpocket medical costs. To me, relationships matter. Ive been with my doctor for 12 years. Now i know ill be able to stick with him. [ male announcer ] with these types of plans, youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and virtually no referrals needed. So dont wait. Call now and request this free decision guide to help you better understand medicare. And which aarp Medicare Supplement plan might be best for you. Theres a wide range to choose from. We love to travel and theres so much more to see. So we found a plan that can travel with us. Anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp, an Organization Serving the needs of people 50 and over for generations. Remember, all Medicare Supplement insurance plans help cover what medicare doesnt pay. And could save you in outofpocket medical costs. Call now to request your free decision guide. And learn more about the kinds of plans that will be here for you now and down the road. I have a lifetime of experience. So i know how important that is. Stuart elon musk is one of the great innovators. You have him on your show later today. 3 30 p. M. Eastern time. Elon musk will be with us. As soon as janet gallons News Conference ends. Stuart i just publicly called elon musk one of the greatest innovators. This is the guy that cofounded paypal. You have the boeings and the rock world out there. They have tax breaks in california. You sound like a democrat. Look at the democrats in nevada. It is inside the factory. Stuart you are wrong that, young lady. The 6000 jobs, they will not be inside that factory. They can be the suppliers of that fact terry. Nobody will be working inside the fact three. We will ask elon in a fox business exclusive. By the way, it is a family. It is the only one that has a lithium. They were all for it. All 60 members of the legislature to vote yes. Elon and safe sex will be kicking back in stuart you will challenge him about his addiction. Do you do this . Stuart if i ever talked to mercedes, i most certainly would. Would you be the first to be complaining . She was so supportive of it. I am delighted. I ought to stand up to stuart about california. As soon as janet yellen gallons is done with that News Conference, elon musk, the innovator of our time. Stuart janet yellen. The fed. Causing a stock bubble. Governor huckabee joins us. The rich keep getting richer. The second hour is just to mere minutes away. Know that proper allocation could help increase returns so you can enjoy that second home sooner. Know the right Financial Planning can help you save for college and retirement. Know where you stand with pnc total insight. A new investing and Banking Experience with personalized guidance and online tools. Visit a branch, call or go online today. I wish. Please, please, please, please, please. [ male announcer ] the wish we wish above all. Is health. So we quit selling cigarettes in our cvs pharmacies. Expanded minuteclinic, for walkin medical care. And created programs that encourage people to take their medications regularly. Introducing cvs health. A new purpose. A new promise. To help all those wishes come true. Cvs health. Because health is everything. No. Not exactly. To attain success, one must project success. Thats why we use fedex one rate. Their flat rate shipping. Exactly. It makes us look topnotch but we know its affordable. [ garage door opening ] [ sighs ] honey, havent i asked you to please use the we dont have a reception entrance. [ male announcer ] ship a pak via Fedex Express saver® for as low as 7. 50. Stuart never have so many people spent so much time doing so little. It is thursday. Janet yellen issues a statement of intent and then answers questions. Considerable time. How long will it be before janet raises Interest Rates . How long is considerable time . Next year . The gear after . Maybe. We will find out. Your investments will react. Here is my prediction. The analysts interpret. It will be a long time before rates go up. Stay right there. The fed has already done it damage. The stock target bubble is about to burst. Stuart yes, he is here. He is usually in miami. Welcome to the program. This is a stock market bubble. Nothing janet says this afternoon will make any difference. This is three quarters of the technology bubble. That burst because we had some problems with the economy. Geopolitical risks are off the charts. My biggest concern, germany. We were the only ones that called japan. Imagine what happens. It will be a long time before Interest Rates go up. What i am looking at is something will go wrong in the world like it did in early 2008. The whole thing falls apart. It is too late for the fed to react. Stuart president obama is about to speak. We will bring you his remarks when he gets to them. Is it ushering in some market chaos . It will not be good for the markets. Stuart the president is about to speak. It is better. I do not look small. General austin has done such extraordinary work. I want to thank somebody else for his own lifetime of service to america. Chuck hagel. Give it up for chuck. [cheering and applause] he was here a few weeks ago. Welcome the new head of operational command. [applause] for those of you that do not know, 13 years ago, joe led his team. By jumping out of the plane alongside them. Joe is a tough guy. He knows what he is doing and i cannot think of somebody that is more qualified to head up our special sources. We want to thank joe for accepting this assignment. [applause] your commander. Enlisted leaders. [applause] chief master sergeant. [applause] and most of all, i want to salute all those spouses and military families on base. Lets be honest, they are the force behind the force. [applause] i spent time with some of them last night. Our military families are serving right alongside. I know we have some air force in the house. [cheering and applause] it is great to be at the home of the sixth air Mobility Wing. [cheering and applause] we have some army here. Navy. Marines. Coast guard. We love our coast guard. [laughter] i am not here to give a long speech. I just received a briefing from general austin. It would represent us for more than 40 nations. I came here to say the same thing i have been saying to troops on bases across this country, around the world and a few months ago. That is thank you. On behalf of the American People. I want to thank all of you for your service. I want to thank you for your sacrifice. I want to thank you for your commitment to each other and your country. I could not be more proud of each and every one of you. They have lived a commitment to airmen, mission and community. It is home to both central commands. For more than a decade, ever since that awful september morning 13 years ago. You and all of our men and women in uniform have burdened war. Some of you are quite professionals. When the decision was made to go into iraq, you were there. When we refocus the fight back to afghanistan, you were there. Some of you. Wounds of these wars. We stand with our families. They have been given more than most americans could ever imagine. We honor those sacrifices forever. They have done everything asked of you and met every mission assigned to you. We are doing what we have set out to do. Because of you, Osama Bin Laden is no more. The leadership has been decimated. Because of you, afghans are our combat mission will be over in afghanistan. That is because of you. We have prevented terrorist attacks. You have made our homeland more secure. We have always known at the end of the war of afghanistan it did not mean other things. You knew this and have known this as well as anybody. You played a central role. You make sure our troops get what they need. You train forces around the world. The sixth air Mobility Wing is continuously deployed. Our work is as vital as ever. Because, in an uncertain world, full of breathtaking change, the one constant is american leadership. It is america that has the capacity and will to mobilize the world against terrorists. Our Intelligence Community has not detected specific thoughts. If left unchecked, they could pose a growing threat to the United States. Last month i gave order for our military to begin taking action. Since then, our crews, with your help, have conducted airstrikes against these terrorists. Because of your efforts, we have been able to protect our personnel and facilities and kill fighters. They have helped our partners on the ground. Saving the life of thousands of innocent men, women and children. That is what you have done. Going forward, we will destroy i sat through a comprehensive and sustained comprehensive strategy. Whether in iraq or syria, these terrorists will learn. We mean what we say. Our reach is long. If you threatened america, you will find no safe haven. We will find you eventually. [applause] i want to emphasize this. This is not and will not be americas fight alone. America can make a decisive difference. I want to be clear. They do not and will not have a combat mission. They will support iraqi forces on the ground. They fight for their own country against these terrorists. After a decade of massive unemployment, it is more effective to use our unique capabilities and partners on the ground. That is the only solution that will succeed over the long term. We will train and equip our partners. We will advise them and we will assist them. A stake in this fight. This is not simply, it is the world rejecting. A Better Future for our children and childrens children. All of them. We will not do this alone. One thin did learn is that when we do things alone and the people of those countries are not doing it for themselves. As soon as we leave, we start getting into the same problems. We have to do things differently. This is why we have spent the past several weeks building the coalition in aiding these efforts. More nations are joining us. Overall, more than 40 countries have offered assistance. Some nations will assist from the area. Some nations will help us support on the ground. Already, Saudia Arabia has agreed to host our efforts. Australia and canada will send military advisers to iraq. They will offer training. They have agreed to strengthen the support. Our partners will help to cut off funding and gather intelligence. Meanwhile, nearly 30 nations have helped us with humanitarian relief. Yesterday, at the white house, i met with an outstanding leader. He worked with iraq a tribal leaders as they fought. He will serve to build and coordinate this incredible coalition. I have called on congress to make sure you have all the authorities and resources you need. We can not do for the iraqis what they do for themselves. We cannot take the place of their partners. We cannot do it for them. This is an effort that calls on americas unique abilities and responsibilities to lead. A world that is more crowded and more connected. It is america that has the unique capability to mobilize against an organization like isa. In a world full of brought her on broader social challenges. The epidemic. Yesterday, on top of all you do, i announced a major boost to our response of establishing in syria. He is already on the ground. Our armed forces will bring their unique unrivaled expertise. Including creating an air bridge to get help workers and medical supplies faster. It will remain a top priority. In the nation of liberia, one person that heard this news was told to say we are getting the disease wiped out of our country. That is the story. Across the board. They call on america. When they need help, they call us. Did america calls on you. All of the service men and women here and around the world, we ask a lot of you. Any mission involves risk. Any mission separates you from your families. It is not a decision i ever take lightly. I do it only when i know the mission is vital to the security of this country. I do it because i know you are the best of what it is you do. There are some things only we can do. Some capabilities only we have. When we have a big problem somewhere around the world, it falls on our shoulders. That is what sets us apart. That is why we are american. That is what the stars and stripes are all about. Between war and recession, it has been a challenging business sector. We have been busy. This has not been and easy 14 years. Many of you came to age in these years. I want you to know as i stand with you here today, i am as confident as i have ever been. It will be led by america. It is and will be an american century. We are better positioning ourselves. Overseas we are moving forward. Answering the calls to lead. Even when it seems like our politics are dividing us, i want you to remember, the American People stand united. We support you. We are proud of you. We are in awe of your skill and service. Only 1 of americans wear the uniform. They shoulder the weight. 100 of americans give for you and your families. There is a moment of american leadership. I will keep standing up for your interest and for our security and for the human rights and dignity where ever they live. In stark contract to those that only know how to kill and tear down, we keep on building up and offering a future. We are protected by patriots for you. The United States of america will remain the greatest force for freedom every known. Thank you very much. God bless the United States of america. Stuart the pursuit against terrorists. He said, there is no safe haven. We will find you eventually. The president said it is not americas fight alone. The u. S. Will support iraqi forces. They will not have a combat mission. He said we cannot do for the iraq use what they must do for themselves. He touched upon the issue of boots on the ground. Throughout his 20 minute presentation, the president did not move the market at all. No market reaction. One percentage point. That is all. It got away from the fed. The bubble will burst in the next day or two. Stuart geopolitics is the key for the downturn. The market is acting like there is nothing wrong. Stuart thank you very much. Janet galland News Conference starts at 2 30 p. M. We have a new report. It is about the worlds wealthiest citizens. A total of 155 people who joined the Billionaires Club this year. The gap is growing. Rich are getting richer, poor are getting poorer. I have to ask you, sir, what would you do to narrow the gap. When i read this report, i can tell you what the president should be doing. Get the government off of the backs of the people. Not just the people that we typically think of. Get the government off the back of the guy driving a hotdog cart. Get the guy off the back of the people that want to start a business on the kitchen table. We get rid of the irs. Implement the fair tax. Make it simple to open a business. You will see it more difficult. People at the bottom cannot. That is one of the reasons it is so tough. The irs is not just tinkering with our taxes. I hope americans will wake up and recognize. We are finalizing product dignity. It may have to happen by getting rid of members of congress. Stuart okay. That is what we like to hear. Thank you very much for joining us today. We have this breaking news. Nike is a big nfl sponsor. Cutting its ties for now with peterson. Outrage on twitter and facebook translating. What does dr. Keith ablow think . Critic of social media. What do you have to say about this . Social media could motivate people towards causes. You feel like you are living the life of a celebrity when you are not. Stuart social media lets you in. You are always connect it to what your friends and colleagues are thinking and doing. Disconnected always. 84 of people with smart phones and tablets use them as a Second Screen while they are watching Something Else on television. 84 of people have that extra screen here. That seems to be inclusive. You are plugged in. Social media has really exposed this problem that football has. What is wrong with that . You are taking one example. I am telling you, there is much more risk. There will be a downplaying of the severity of things that are truly severe. Guess what, the americans who are joining isis, they are doing it not necessarily based on the underlying ideology, but based on the images that they see. It is partly the costumes and the dramatic nature of it that is sent out by a twitter and facebook and the rest of these things. Everyone is a poser now. Frankly, i do not know whether people on facebook are talking about child abuse really care about it. I think this debate is going to go on and on and on. Yes. People will say he was right all the time. Stuart dr. Keith ablow, thank you very much indeed. We will see you soon. The evil outbreak in africa is spreading. After the break, one scientist who helped develop the groundbreaking treatment. It is next. [ male announcer ] what if a Small Company 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. No. Not exactly. To attain success, one must project success. Thats why we use fedex one rate. Their flat rate shipping. Exactly. It makes us look topnotch but we know its affordable. [ garage door opening ] [ sighs ] honey, havent i asked you to please use the we dont have a reception entrance. [ male announcer ] ship a pak via Fedex Express saver® for as low as 7. 50. The vote which is tomorrow. Support for staying in the u. K, 52 , only 48 want to break away to independence. Here is our favorite recovering european with i dont like the idea of scottish independence. Is a bad idea for everybody. Your opinion . In general like the destruction of the status quo. Countries wanted to secede from one another, why stop at scotland . But then to take consideration, the interests that people want to see, in this particular case, no offense. Stuart it is bad news . I think it is considering the arguments they are pushing for independence, if we become independent, no austerity, we are going to punish you, they always say stuff, talking as if they want to become friends. They want to spend more money and at the same time, it is a daunting task. What happened to their banking system, their currency. Stuart they would have to apply to rejoin the european studio and rejoin if they wanted to the euro. What terms do they get . In across as they are losing access to the market for the terms of confluence being part of the i also not that it is their problem but the disruption it may cause across the world could be significant. Stuart let me ask you this real fast. If they say yes to independence, they vote for independence, does that mean stock markets around the world gyrate . Hard for me to explain. I think it is going to create people were arguing it is good news because they get their act together and i see the task as extremely dumb thing and i cant imagine that if you are an investor looking at this and thinking stuart not a good idea. The vote is tomorrow and we will have the results on thursday morning, friday morning. Thank you very much. Good to see you. Tomorrow dont miss special coverage, neil cavuto starts our coverage at 5 00 a. M. Eastern. Got to be there for that. 2,400 People Killed by the Ebola Outbreak sweeping through west africa. President obama says our military will take the lead in fighting this virus. He is suggesting 500 million to combat the outbreak. We are joined by a professor at the Scripps Research institute, she helped to develop zmap ceram which was used to treat American Eagle patients. Give us a progress report. How much of this serum are you turning out and where is it being deployed . The credit for develop it goes to the United States army and Public Health agency of canada. My job is to direct the consortium for which this is proof of concept and to look at the molecular structure of how this works. You heard that it has run out and that is because it was early days, still doing research when the virus broke out so more is being developed now and being used for two purposes. One, we need to do the human trial to understand what the dose should be, how long it lasts, what the treatment window is and more needs to be used in a trial in africa in which we do a double blind placebo controlled effort to understand. Stuart i see what you are saying, but that is going to take a lot of time. What you are telling us, reading between the lines, we have not been able to ramp up production of this serum. It takes time. There are lots of ways to make antibodies, you can make and in tobacco leaves, you can make them in algae. This is being made in tobacco and a strategic decision made a long time ago in an effort to make a lot of it in expansively so it takes some time for the leaves to grow and produce the antibody. This these are all experimental treatments, very early days. In the normal course of things you testings in test tubes. It was very compelling. Stuart is there a sense of urgency. This is spreading. They had a serum and a sense of urgency. A tremendous sense of urgency and this might not be scaled up at the speed and rated is if they were not tremendous humanitarian crisis. Stuart can you give me a time frame for when you would have available, full detested, fully okayed, a large amount of this year and capable of being deployed, what was the time frame for that . My jurisdiction is this, how it works on the molecular level. And people that do the manufacturing trials, it will be several weeks. And supplies are in the right place and enough food and medical personnel to care for patients properly, to stop the propagation because patients are not dying at home, with their family members exposed. The main thrust of the effort rightfully right now isnt getting enough supplies to contain it. All these therapies are highly experimental at this point. Stuart dr. Erica safire, thanks for the update. We wish you well and we hope we can speed this thing up. Major nfl sponsors like budweiser using some Strong Language speaking out on the abuse scandal. Roger goodell is wary because when a big sponsors leave, if they do the big money goes too. The man who runs chinas Football League is next. Over 12,000 financial advisors. So, how are things . Good, good. Nearly 800 billion dollars in assets under care. Let me just put this away. How did edward jones get so big . Could you teach our kids that trick . By not acting that way. Ok, last quarter. Its how edward jones makes sense of investing. I wish. Please, please, please, please, please. [ male announcer ] the wish we wish above all. Is health. So we quit selling cigarettes in our cvs pharmacies. Expanded minuteclinic, for walkin medical care. And created programs that encourage people to take their medications regularly. Introducing cvs health. A new purpose. A new promise. To help all those wishes come true. Cvs health. Because health is everything. Cvs health. A brand new start. Your chance to rise and shine. With centurylink as your trusted technology partner, you can do just that. With our visionary cloud infrastructure, Global Broadband network and Custom Communications solutions, your business is more reliable secure agile. And with responsive, dedicated support, we help you shine every day of the week. Nicole i am Nicole Petallides with your fox business brief, Dow Jones Industrial average hit a record all time high. Right now it is up 14 points, the s p 500 up fractionally and 1999, nasdaq is up 3, 4555. The Home Builders doing very well today. Would get lennar, profits beat estimates. It is a multifamily home, stock is a 51 4 , you can see d r horton as well and looking at fedex hitting a new high, revenues on the rise. Stock is up 3. 3 . They came out with their profit numbers and stocks hitting a new high. Looking at u. S. Steel, the whole steel group doing well on this day that u. S. Steel says it will file for bankruptcy protection, and reducing some projects, more varney and Company Coming up next. Mething that small make an impact on something as big as your retirement . I dont think so. Well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. You know, if you play football foryoure gonna learn toid, deal with alot of pain. But it is nothing like the pain that shingles causes. Man when i got shingles it was something awful. It was like being blindsided by some linebacker. You dont see it coming. Boom it was this painful rash of little blisters. Red, ugly stuff. Lots of em. Not a good deal. If youve had chicken pox, uhhuh, we all remember chicken pox. Well that shingles virus is already inside of you. It aint pretty when it comes out. Now im not telling you this so that youll feel sorry for me. Im just here to tell you that one out of three people are gonna end up getting shingles. I was one of em. Take it from a guy whos had his fair share of pain. You dont want to be tackled by shingles. So please go talk to your doctor or pharmacist. Talk to your doctor or pharmacist about your risk. Stuart time for the real halftime report. Ogle lonnie is with us in new york. What is not to like about ali baba . Generally not an ipo guy but i love ali baba, a lot of reasons the big picture is staggering. We think of it just in time, it will grow to stop, the debut will allow currency which will allow it to expand globally at a faster rate but the numbers are compelling, 400 billion in ecommerce, ali baba accounts for 80 . That is enough for me to buy it. Stuart we quote yahoo because yahoo has a quarter of ali baba and would do well. We quote ali baba and we quote yahoo but on the day that the thing goes public there will be a lot of volatility i think it may go straight up or straight down or all over the place. Would you be done buying on day one . I think i would. There will be so much momentum, this will be so overbought. One survey had a large number Money Managers who have 400 billion, half of them already committed so that is a lot of buying power. Most of the guys i am talking to are all in. There will be tremendous initial interest and beyond that ali baba will get itself into the major index, the s p, that will add momentum. Stuart interesting stuff. We are going to watch this thing very closely. On friday joline kent, jack ma on the opening bell at 9 00 a. M. Eastern friday. That would be ali baba, ip 0 day. Can. Money talks and nfls biggest sponsors not have the demanding stronger action for the nfl. Last hour we spoke with fox sports 1 nfl insider peter trader. Here is his take. Money is talking but is money acting . For budweiser and anheuserbusch to make this statement i understand but until they pull those sponsorships so they are not associated with the nfl on sunday come game day a lot of this could be a lot of huffing chest from these companies and making statements. Stuart clearcut opinion, we are joined by marty judge, coowner of the arena football team, philadelphias soul who holds the rights to bring american football to china. Welcome back. We always thought you had a great move going into china taking american football there. I they in shy of looking at this scandal and making any judgments on what is going on over here . Not at all. What they are excited about, bringing american football to china, Tuesday Morning, last time i saw you was three weeks ago after we made the announcement in the United States about bringing arena football, american football to china, Chinese Government asked me to come back, the administrative sports wanted me to be at a News Conference Tuesday Morning yesterday where they announced to the worlds that they are bringing american football to china. Starting with a sports symposium, a festival of colleges, six of the colleges i have trained and taught to play american football will be part of the Sports Festival of beijing with rugby and soccer and firsttime american football is going to be played at the collegiate level. We are organized. Stuart when do you move to a different level, move up the food chain . It starts with colleges. Do you get to the point in shy nick fairly soon with a professional team of 8 athletes . Yes. They also announced at that sports conduct that we are bringing professional football in 2015. We have a 52 game cds, we are going to have eight teams and it will all be professional. It is a three Year Contract with the government. Stuart when you have the rights to American Football Team china. The pre broad set of rights you got there. The only rights. We are partnered with the government. They want american football. This is a major cultural, usa, china, program that they want to get there and they are doing it with me. Stuart looks like you got a winner right there, marty judge. Many of you including Forbes Magazine think you are a genius. We were so short on time today but we appreciate you being with us. I said i would come that the first and i did. Stuart we appreciate that. Good luck. Pure gas tank lately . Good news, prices are still going down. Will they keep on dropping . We will tell you all about it next. Tigers, both of you. Tigers . Dont be modest. I see how youve been investing. Setting long term goals. Diversifying. Dip you got our attention. We did . Of course. Youre type e well, i have been researching retirement strategies. Well thats what type e s do. Welcome home. Taking control of your retirement . E trade gives you the tools and resources to get it right. Are you type e . Know that chasing performance and fewer choices in retirement. Know that proper allocation could help increase returns so you can enjoy that second home sooner. Know the right Financial Planning can help you save for college and retirement. Know where you stand with pnc total insight. A new investing and Banking Experience with personalized guidance and online tools. Visit a branch, call or go online today. Having a perfectly nice day, when out of nowhere a pickup truck slams into your brand new car. One second it wasnt there and the next second. Boom youve had your first accident. Now you have to make your first claim. So you talk to your Insurance Company and. Boom youre blindsided for a second time. They wont give you enough money to replace your brand new car. Dont those people know youre already shaken up . Liberty mutuals new car replacement will pay for the entire value of your car plus depreciation. Call and for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch to Liberty Mutual insurance and you could save up to 423 dollars. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Stuart gas eavesdropping, National Average for regular 337, tres knippa is here. Under the new jersey, paying 3. 10 a gallon. Have i got a shot at 2. 99 in . We always talk about gas prices going down. Dont forget 0. 35 of every dollar a gallon is taxes. Lower gas prices are good, lets listen taxes. This is a dollar a story. In order to purchase these commodities we have to purchase u. S. Dollars into the u. S. Dollar is more firm it will take more existing currency to buy those products. Stuart the dollar has been strong recently. The yen making a new eight low, clearly much bigger story. The dollar is firm because of what janet yellen made her playbook, i am from texas, everything is a football metaphor. Everybody knows what she is going to do, she talked about raising rates next year. It will happen and why we are on the subject dont be scared of those first rate rises in as a stock investor. Stocks can perform. Stuart it doesnt matter what she says. The damage has been done. They printed on this money and theres a geopolitical shock which will take the stock markets rate down where are you with harry dent . In the short term no. In the third year of a president ial cycle 22 to 23 stock market returns the numbers are the numbers. Kerri is one of the smartest people in the business and i respect him a lot. Stuart stocks keep going up . For now. Stuart no matter what janet yellen says . I want the job of the speech writer of the fed. That is the easiest job in the world. You say the same thing. We are unimpressed with job growth numbers, we havent reached inflation targets never mind selling as a raw bill of goods trying to convince us inflation is good in the first place. That speech writer has an easy job. You will hear nothing new from the fed. Stuart thanks for joining us, we have more may be on the fed but we will have your take on the show in just a moment. With universities across the state. For better access to talent, cutting edge research, and state of the art facilities. And you pay no taxes for ten years. From biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo. Startupny has new businesses popping up across the state. See how startupny can help your business grow at startup. Ny. Gov i research. I dig. And dig some trader more. Search. Because, for me, the challenge of the search. Is almost as exciting as the thrill of the find. announcer at scottrade, we share your passion for trading. Thats why we rebuilt scottrade elite from the ground up including a proprietary momentum indicator that makes researching sectors and Industries Even easier. Because at scottrade, our passion is to power yours. This is a guide the nfl promoted as active in the community. He is one of the faces of the lead. And we have the situation that is quite drastic. These are stars in the league and the biggest cases in your household every sunday are the ones being penalized and removed from the field that is what action is taken. Stuart that was fox sports 1s nfl insider peter trader at stake on the suspension of viking star adrian pettersson. That is our take for now. Here is dierdre bolton. Dierdre here are the agenda of alternative investing stories inflation data, job data, two focus points for janet yellen. What the fed decision means for your investments in the u. S. And overseas. The scottish votes for independence too close to call, we will show you the dollar stands with 24 hours to go. A break a plan for a 212yearold company. To pond should look better than it does now. Overwhelming complexity, lack of accountability, these of the charges against the chemical company. Our activist investor expert cowrote the article in todays wall street journal on the cover. What does nelson will launch for dupont to look like