Transcripts For FBC Varney Company 20141010

Party and kofi is about to begin. We came out this morning with a 100point drop on the opening bell. 16600 is where we are. As for the price of gold, it has not moved much in this volatility. The volatility and the big downside. It is insane. I am sick and tired of hearing fed this, said that. This is like a heroin addict. A crack cocaine addict. Whenever you mention the word q week, raising Interest Rates, that is when this market goes into withdrawal. The economy is not growing that fast. When you are addicted to heroine, it is hard to get off. A big time drug dealer. Stuart what about the worldwide slowdown . This is stuart what you have to say to our viewers. Is my money down again . I would not be pulling out all of my positions. The markets are reflecting the real economy. The Federal Reserve essentially pumping money into the system and keeping Interest Rates low. As it is being cut off now. Shapes up and down. 300point. She is the heroine dealer. When she stops selling, it is going to crash. I do not know when she is going to stop selling. It has to correct. The market is not reflect the real economy. It is not that great. It is a lot about the feds. There was a lot of hope. A lot of excitement. Here in the United States, two, yes. We are in the 50 year recovery. There is a big question here about where the bank lending is going. There is never only one reason why the market moves. The u. S. Economy, this stop rocket reflects us. If the fed makes a noise, that is when it starts to crash. Calling janet yellen eight crack cocaine dealer. [laughter] stuart can i get to the news. This is the price of oil right now. The price of gas continues to fall. I think it is. I think it is 3. 24. I bet half a dozen states will be below 3 a barrel by monday. The cheapest gas at the cheapest gas station in what state . Taxes. 262. Stuart i just made the prediction that this weekend you will see another continuing plunge. We are already seeing some prices under 3 a gallon. Even california there are some stations under 3 a gallon. Yesterdays most common price in the u. S. Was 339. Today it is 3. 29. It is noticeable. You see this thing coming down. A month from now, it will be even better. The National Average could lose next month. It is very reasonable. Yes. Absolutely. Now you have two. Thank you, stuart. The price of oil goes down. There is another side to this coin. I would like to see a before and after. Very popular. Some of these are in the s p 500 year. Boil right now is 84. Down again. The energy set there. Oil is at the lowest in more than two years. What is interesting, the transportation index is down again, two. They are supposed to lower oil. You can look at the economic picture. That has been hit hard. Stuart anxiety means added cost. In my opinion, added cost can force a travel ban. Scares aboard two separate flights. He threw up alerting authorities in full hazmat gear. They went right on the plain. A lot of time and money spent. Then there is the case of the passenger on the flight of the dominican republic. The planes that on the tarmac for an hour. Passengers from west africa will be screened for fevers. These procedures would not have survived thomas duncan. The ebola patient that died. The added cost of ebola, even though suspected cases massively increase the cost. You are about to take me on. I am sorry. That is the that we should fear. They have had a lot of money thrown at it over the last few years. I am not saying this. Whether it was the secret service or core function. There is something happening here in our bureaucracies. They do not do their function. They can kill you. Stuart they isolate the plane. The passengers are delayed. Good. We want them to do that. You cannot afford it. I think that is absurd. The cdc has also come out and said a travel ban will not contain problems. What i am saying is, they have a lot of Cost Increases over the years. Stuart no travel ban . You dont want a travel ban . What they are telling us is they are screening at the airport. The ending everyone traveling out of west africa out would create panic. It would not stop disease. We have to get ahead of these states. The department of health and Human Services say they are not ready to take these precautions. You have to respond to it. What are they spending money on . Soda bans. E cigarettes. I am interested in stopping the disease coming from america. I do not care how much it costs right now. A travel ban will not contain it. Stuart if you had a travel ban, you do not come to america. What if these people go to europe. It is like saying you will close the border to america. What if they got on a plane and went to the United States. We should have known. How do you know if he is not presenting symptoms . I am not saying that. My problem with the money that is spent is the cdc has spent it in the past. Stuart the dow is up. Stuart after the break. Detecting how much heat a person is emitting. Putting out there. Detecting people with fevers coming in and out of the airport. A possible defense against ebola. We have a live demonstration coming up after this. [ male announcer ] how did edward jones become one of the biggest Financial Services companies in the country . Hey. Yours . Not anymore. Come on in. [ male announcer ] by meeting you more than halfway. Its how edward jones makes sense of investing. Come on in. [ maare we still on foreeting yotomorrow . An halfway. Tomorrow. Tomorrow is full of promise. We can come back tomorrrow. And we promise to keep it that way. Csx. How tomorrow moves. What a day. Cant wait til tomorrow. And cialis for daily use helps you be Ready Anytime the moment is right. Cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. 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You are seeing the results on this screen right next to be right here. This is a thermo graphic video of the gentlemen we are pointing at. If you look at his face, you see two little red dots around his eyes. The tear ducts around the eyes are the closest place on the outside of the body that represents the core temperature. Does he have a problem . Thermo graphics will alarm on someone who has fever. Fever does not necessarily mean ebola. It could be the flu and other things. As we go here, we are looking at you right now. You can see the red dots right there. We see this gentleman right there. He is coldblooded. [laughter] we will look at him. Stuart if you want to sell that equipment for screening for ebola and for other diseases. Stuart how much . Cheryl 26,000. If i am a government by and i am in charge of the screening at airports, i have two make sure that that is 100 accurate 100 of the time. You can never Say Something is 100 accurate. 28,000. They have not taught it yet, have they . Very interesting technology. We should see. Thank you very much for joining us. All right. Golf legend greg norman. Not afraid to speak his name on the nation. Not playing much golf. Listen to this. How often do you play . This year, about five or six rounds. Stuart that is it . So i can reach ally bank 24 7, but there are no branches . 24 7 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. Ghave a nice flight r bag right here. Traveling can feel like one big mystery. Youre never quite sure what is coming your way. But when youve got an entire company who knows that the most ontime flights are nothing if we cant get your things there too. Its no wonder more People Choose delta than any other airline. You are looking at the stock price of darden restaurants. Down one quarter. And activists went after him. They are out. Those are big changes planned. Check out amazon. It will be on the same street as macys. I want to get back to our interview. I asked him about the business ventures. Listen to what he had to say. The criticism did not end there. I also asked him how he felt about other countries and how they perceive us in america. What is wrong with america . He travels all the time, you know. The only place five or six rounds of golf a year. Hard to believe for a man who is once the greatest in the world. I have something for you with microsoft. Apologizing for saying women should not ask for a raise and to trust the system to work out equal pay. It puts the whole idea of gender discrimination in the workplace. I think it was trust the system. If you wanted to address womens pay, there are a lot of things you cant address. The marriage penalty. Marriage laws. Arbitrary limits. Women take different jobs they and then do. That is because many of them are and different roles than men are. There is a very little pay gap, if any. This guy came out and apologize. I do not think that he should have. All the variables come out. Apples and apples. It is a completely bogus scandal. Our industry must close the gender pay gap. It is really pandering to this line that there is a war on women. Stuart no longer being able to use the term boy and girls. Something more like purple penguins. Really . Tracy byrnes, mother of three, 12 45 p. M. On this program. The ceo of show bonnie yogurt. We have him on the show at 1235. He is talking politics. It is friday. You know what that means. Copper neck has to pay for weighing those pink headphones. President obama, that would be the kernel and chief, oliver north on that next. Mr. Daniels. Mr. Daniels. Look at this. Whats this . Clicks are off the charts. Yeah. Yoshi, were back. Yes, sir more shipping more shipping [ beeping ] [ female announcer ] we love our smartphones. And now telcos using hp Big Data Solutions are feeling the love, too. By offering things like onthespot data upgrades an idea that reduced overcharge complaints by 98 . No matter how fast your Business Needs to adapt, if hp Big Data Solutions can keep wireless customers smiling, imagine what they can do for yours. Make it matter. Charles october has a distinction. One day losses occurred in that folder. November, december, the onetwo punch have been absolutely mindboggling. Still bullish despite all of these wild screens on the market. They are particularly happy if they win big in november. That is charles payne. Down 12. That is all it is. Down 53 points. It is down 6 since its high a month ago. Stocks being led lower by the chip maker today. All of those stocks are down. Twoyear low. 85 a barrel. Here is where 11. What is your forecast, larry . I think 80 is probably an play. 180 couldnt be in place. 828 year high for the production of oil in the United States. Yeah. There are sales going on all over the place. That is a good thing. We do not want to see oil at 150. The supply and demand is absolutely there. It has a lot to do with why people are short oil right now. I have seen it in the suburbs as little as 3. 25. Stuart i live in new jersey. 2. 98. Two. 2. 98. Larry levin. Airstrikes intensified. The bombing against isys does not seem to be enough. We have u. S. Troops now arriving in west africa. President obama is in california today. He is giving a speech on climate change. There is a time in the back end of vietnam. People believe we took it to north vietnam. We could have easily one the war. That is history. The market is likely to get a lot better. I would say 297 yesterday for regular gas. That, by the way, will improve the market. I believe the market will get better before the fight against isys. Almost Everybody Knows it. No one has stood up, pulled their stars off their shoulders, put them on the table after they resigned as commissioners and told the truth. War has to be done. Troops have to be put on the ground. It is even bigger. A fight of the shiites. Almost everybody inside the turkish military. It all goes back to Barack Obamas father out in december 2011. His failure to support the plea by the syrian army. What about the vast cuts . We really cant get back. Are they in line . Well, of course not. Same thing is happening in the marine corps and navy. Stuart i want to get back to colonel oliver north as a financial analyst. It will be back above 17,000. People can get to work easier. This economy will get better before the fight against isys does. It will get better in the market before. Stuart that was pretty good. Very good indeed. I want to watch more of colonel north. You can catch his show. More stories 8 00 p. M. This saturday on the fox business network. The ceo of chobani yogurt. He is a turkish kurd by origin. He will help the kurds. What does he think of the turks . He joins us. Less than a week away from apples expected ipad announcement geared according to some sources, you will have to wait a bit longer for that rigor and better ipad. We will tell you a while in a moment. When folks think about what they get from alaska, they think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. [ 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. Nicole i am Nicole Petallides with your fox business brief. Up 94 points. The Dow Jones Industrial average is down. The s p 500 is down a half of a percent. When you look at the dow 30, 30 much 5050. Stocks are getting hit. Transportation index down 6 this week. Names like conway, kirby and delta airlines. The vix, the fear index, we are watching that. Aly baba, a new low. 85. 24. Varney and Company Coming up. My mother made the best toffee in the world. Its delicious. So now weve turned her toffee into a business. My goal was to take an idea and make it happen. Im janet long and i formed my Toffee Company through legalzoom. I never really thought i would make money doing what i love. We created legalzoom to help people start their business and launch their dreams. Go to legalzoom. Com today and make your business dream a reality. At legalzoom. Com we put the law on your side. An Unprecedented Program arting busithat partners businesses 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 stuart this may be a contentious block. Watch out. Big event for tesla last night in california. It is the first feature for allwheel drive. Zero60. It uses sonar and cameras. Going on sale in december. Starting price 120,000. You are not going to buy one of these things. You do not like tesla. Tesla. Elon musk is the king of subsidies. They get money from the state of california. They trade tax credits. They are building a battery plant in nevada. They are also benefiting here in the new york area. Basically, they will operate tax free. I am all for innovation and cars. Stuart when the cost of gas drops to 3 per gallon, another to, is it the nissan . Correct. There are other Companies Competing with tesla. Stuart okay. All right. You and i are like this on this particular issue. The iphone six is taking up all the resources. Look who is here. I think the point of this story is delaying the ipad, that seems like a big deal. More important, how popular the iphone six is. He seems to be running away with this dark get. It is enormous. It is just huge. I personally cannot fit it in my pocket. This is their big phone. You dont want to steal its thunder with another ipad right around the corner. I think a big part of it is marketing. Okay. People are looking at the six plus as a big option right now. The ipad is getting much closer than the iphone and moving slowly together. That is essentially right. They want to offer a much bigger screen on the ipad. It is crazy. They have the iphones. They have the 6inch. You say that the iphone six is owning its marketplace at this point. We have reports that google is getting ready to announce a big screen tablet. It is about 4point inches bigger than the six plus. They call it shampoo. Stuart it is a whale. Do you think that the iphone six plus is too big . I definitely think that there is a demand for it. Sales have been strong for these things. You cannot hold it in your hand. He is referring to me. I am holding my four. You know what i got used to, i watched netflix. I never thought i would watch it on a little screen. I am a 66yearold. I do not have contacts or glasses either. I can watch that flicks on this thing perfectly okay. You think i should get the six or the six plus . I would say the six. Stuart were you about to say size matters . [laughter] thank you very much for being with us. Nashville versus chicago. How far does a Million Dollars go if you are buying a home in chicago or nashville. Hi ok, whys that . No hidden fees, from the bank where no branches equals great rates. 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. Suddenly youre a mouthbreather. Well, put on a breathe right strip and instantly open your nose up to 38 more than cold medicines alone. So you can breathe and sleep. Shut your mouth and sleep right. Breathe right volatility will come into the place. I think that november election is the catalyst. Excellent. If the republicans sweep the senate, does the market go up . We will not see the kind of damage that we saw. It is just one uncertainty off the table. He can still crunch in your business through the regulators. This is fox, you know. Cheryl casone is here. She will tell us what you get if you buy a home for 1 million in nashville. What do you get . Who wins the contest . I guarantee you see more in nashville. You get more space for 1 million. This comes down to a question of what you want. This is nashville. This is 949,000. Four bedrooms, five bath. Only 4000 square feet. In my opinion, it is a little outdated. The light itself is big. 5600 squarefoot lot. It is brand new. I do think that you would need to do a little work. Taste does matter when you are putting something on the market for sale. Stuart taste does matter. As opposed to size . Stuart this is a choice. This is living in chicago. I will say this, it is a gorgeous, gorgeous home. Three bedrooms, three and a half pounds. You are not losing much square feet. You get a balcony. You do not get a back yard. It was built and 90. It is older. The hla these are lower. You are living in chicago. Stuart mary, did not win hands down. That was not bad in chicago. Well, okay. You have said this to me before. Where do you want to live, chicago or nashville tennessee . It must be friday. I am assuming that restaurants matter in your life. Stuart i think tennessee, nashville wins. Backyard beads balcony. That is my story. You can say what ever you want. Much more on the markets. We have someone who says we could be in a world of hurt. Financially, that is. Plus, the ceo of shibani. A lot of his own money to help the kurds. What does he really think of the turks . Two minutes from now. Go ahead and put your bag right here. Have a nice flight traveling can feel like one big mystery. Youre never quite sure what is coming your way. But when youve got an entire company who knows that the most ontime flights are nothing if we cant get your things there too. Its no wonder more People Choose delta than any other airline. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. And only national is ranked highest in car rental Customer Satisfaction by j. D. Power. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. Yoare you kidding me . Oo . Everybodys on woowoo [elevator bell rings] woowoo . Lock and load, people were going all in on woowoo mark comp us up a profile page susie write us some posts i want sponsored woos. I want targeted woos. We need an ethnically ambiguous woowoo mascot. Dude. Are you still on woowoo . Naaaahh, man, my moms on woowoo. Will you got to do is say the word and out come the hazmat suits. Ebola, an nick stations. Daymac of trust in the government. Health and Human Services says expect more cases of ebola your. Airport customs agent says they are not ready for those medical tests. They havent been trained the Border Patrol agent told me nothing has been done to check potential virus carriers and in alabama guys in hazmat suits trying to board a plane because one passenger has thrown up. The greater the anxiety the higher the cost because any and all suspected carriers must be isolated, treatment and their belongings thoroughly cleaned. We will deal with ebola in a moment. We are going to deal with ebola in a moment but first i will bring you what is happening on the market. We are coming down this morning. You dont have that degree of volatility we had the past few days when there have been wild swings all week. Up 10, that is what you have got right now, the dallas they get 166. We will bring you ed butowksi this is we are in for a world of hurt. He will join us a few minutes from now. Lets deal with oil, a two year low, 85 a barrel and because oil is sliding the price of gas is coming down fast. National average for regular is 3. 24. Get out there and drive. Is cheap. Where can you find the cheapest gas in the United States . In a station in texas, outside houston, 2. 62 a gallon. Lets get to ebola. The governments point man on the crisis says there is no need to worry, no need for a travel ban. Here is what he told us. Understandable why people might bring that up as a possibility but the analysis by officials including myself is the negative aspects of that, namely the isolation of the country which would likely lead to making matters much worse in those countries and perhaps even spread to other west african countries is going to be counterproductive to the overall effort. Stuart not everybody agrees. Cardiologists dr. Kevin campbell is here. You say lets deal with this first of all, the screams introduced at airports this weekend will not help. If you go back to the epidemic in 2005, in australia 1. 4 Million People were screened for temperature, 700 were found had but fever, zero sars cases and firstclass passenger given tylenol on some flights into australia to make sure they did not get detained. Will not work. Stuart restrictions at the airport, taking your temperature and filling out a form, not much point in doing that. Lets move to a travel ban. If you have been in those three west african countries at anytime in the last two weeks you cant get on a plane that comes to america. Is that what you are talking about . Exactly. Anywhere in those countries you have to sit for 21 days in isolation, in quarantine prior to getting on a flight anywhere so that you cannot bring this to europe, asia or the United States and i think we have to take seriously securing our southern border because i think if it spreads to Central America we are going to be overrun with people fleeing the. Stuart i believe the retired general from the marine corps said if ebola makes it to Central America there will be a flood north challenging our border and i talked to a border agent yesterday on fox news, he told me to his knowledge nothing has been done either to secure the border some more or to make provisions for people suffering from the fever as they come across the border. Nothing is being done. You see that. Is that a serious challenge at this point on the southern border . I really do because once you see this disease spread to places in Central America people are going to flee and they may have been exposed and they may bring of the virus our way. We are not prepared at hospitals and in airports to handle this. We are asking customs agents to screen for a deadly disease and they are not trained to do that and is not fair to put them in harms way. Stuart my position is the cost of treating any suspected ebola patient and treating who has actually got it is astronomical and we cannot afford that. Therefore imposed a travel ban to stop pieces from getting here in the first place. That is my position, that cost will drive policy and you say what . I hope you are right but our current administrations policy to me seems to be motivated by the upcoming midterm elections and i see administration as taking wishywashy stances on everything including ebola so as to not really mess up their chances in the midterms to retain control of the senate and they are putting politics ahead of American Public safety. Stuart i have to ask the question. Do you think Political Correctness has anything to do with the lack of the travel ban from west africa . I think there is a bit of that as well because in america we want to welcome immigrants with open arms from all parts of the world because that is what makes america great, being a the melting pot but we have to protect those of us that are here, our families, our children so that we dont have an outbreak of ebola in the u. S. Stuart dr. Kevin campbell, thanks for joining us. Back to the markets, ed butowksi is with us. You are raising some eyebrows, a pretty harsh statements, you are saying we could be owe we are in a world of hurt for our money. Make your case. Computer trading has taken over the market, has for many years and the way they trade, they have resistance levels which means stocks go higher, they break out and go higher ended the go lower and brake the court, Program Trading kicked in and they start selling this market down so we are now at the lower band. Everybody watching now wants to know that if we close below 1880, one day soon, we are going along lower. Right now i dont know the exact number but we are in the low 1900s. You get to 1880 computers from all of the world will kick in self programs and you will see the value of your equities go down quickly. Stuart are you saying this is not a rational market and human beings like yourself who manage money are not in control, not running this market . Without question. The individual investor when it comes to moving the market does nothing. It is all computers, institutional trading. It has been that way 10 or 15 years. Stuart that doesnt help me. If i am sitting at home with a few bucks in the market that is not investment account. Doesnt help me to learn that the big guys run the market with their computers. It doesnt give me any advice on what to do. Are you saying get out . Forget the stock market because it is rigged . Not at all. It is not read. You just have to understand how the dreamworks. You cant play the and not know what the rules are. You want to buy stocks if they are cheap because institutions are buying those but anybody who understands this game knows that Technical Trading on computers, you had a 300 point move yesterday, people didnt wake of every individual started selling, they hit different support levels and that happened in the market. It should and get out of the market. You got a long time to invest and hopefully many years to live it you need to grow your money so you want to stay in the market but you need to know when to dial back and be prepared that if we hit 1880 we are going lower. Stuart you have a lot of clients and i want to know if you have advised any of them in different situations to sell it all now . Not sell it all but we have been paring back quite a bit. Stuart okay. If you have a portfolio of 100 worth of stocks youre telling some clients like out 50,000 worth of stocks and going to Something Else . Exactly right. You are not being paid to play. Probabilities of a market going higher are very slim. Probabilities of going lower are very good. You are not being paid to place a dial it back. Stuart that is your odds play, likelihood of it going lower, much higher than the likelihood of it going higher. Just like my call on apple, you got it on tape. Stuart what is your call on apple . I cant remember. Stuart come on. 102 a share now, wheres it going . Into thes when this market corrects. It happened once or twice before. Stuart we appreciate you being here. Nicole petallides, the nasdaq down and citmakers are big part of the downside move. Nicole your seeing chipmakers like hewlettpackard and micron tech, intel would go into this. Microchip is the story, they came out with a revenue warning. At stock is down over the 11 . It is taking down the whole group, anything related to chips, you can see in teams in the Technology Realm that are getting hit hard. Intel was shaving off 14 dow points at one point today. Semiconductor index was below the moving average. Stuart got it. Thanks very much. I will give you the lineup for the rest of this hour. The ceo of shiboni yogurt is donating 2 assyrian refugees, what does he think of the turks . The turks and kurds not close bosom friends at the moment. 12 35. In one School District administrators now suggesting teachers no longer use the term boys and girls but purple penguins. They say that is more gender inclusive. Tracy byrnes, watch out. She will be with us sounding off at 12 35. College grads getting jobs out of school but jobs that do not require an Expensive College degree or 8 sheep one. The question remains is College Worth it . The hype machine is in full swing over tesla. A question for Brian Kilmeade. Does know anyone who owns a tesla and is he thinking of picking up one involved in his runaway success with his books . Brian kilmeade is next. [ male announcer ] ours was the first modern airliner, revolutionary by every standard. And that became our passion. To always build something better, airplanes that fly cleaner and farther on less fuel. That redefine comfort and connect the world like never before. After all, you cant turn dreams into airplanes unless your passion for innovation is nonstop. Unless your passion your customers, our financing. Your aspirations, our analytics. Your goals, our technology. Introducing synchrony financial, bringing new meaning to the word partnership. Banking. Loyalty. Analytics. Synchrony financial. Enagage with us. Stuart we have some new numbers for you. A share millennials who graduate college are not finding jobs that require a college degree, 27s getting out of school, they get a job that doesnt require a college degree, they are working beneath their station. I cant believe is has nothing to do with lazy nestle is a wrong labor market. Career builder looked at the class of 2014, College Graduates its months into the working world, 51 of them are working in a job that did not require the degree to which they just received and theyre still paying for. And paying for many years to come. Stuart not everybody walks into their career path. The dream job isnt there anymore. It gets more disappointing. 31 of them are not working at all and out of those, 57 are not even looking for work so you can say maybe they are able bit lazy or that are so disappointed by the state of the job market that they have given up. Many of going back to school, think if they get a higher degree of, graduate school, they could get a job when they graduate but that is really disappointing. Stuart you walked out of college when you left with a degree. How long did it take before you worked in a job which was your career path . I went straight to graduate school, graduated in a recession in 2001 and i struggled to find a job in news and i did get one after several months and i was working in retail in the meantime. Stuart after i left college i didnt choose the profession to do anything until i was seven years later. I traveled the world. That is what i did for seven years before i got a real job. Brian kilmeade is here. How long it take you . You asked me here. It took me a year and a half. I was so happy as a waiter, at hard to drag myself away from the Monte Christo when they would deepfried us and which. To go out at night and smell like everyones dinner was something i did not want to leave behind. Stuart i was a waiter at a restaurant in stratford, conn. For ten months in the early 1970s. When this ambition kicking . Stuart when i got my first job that paid decent money and realize how much you can make america. So your first real career oriented job and a salary . Stuart no. My first real job opened up the possibility for significant money in the future, mid 1970s i got a job in San Francisco. The studios were on cesar chavez boulevard. You got to become what . 44 of the class of 2014 doesnt expect to make 30,000 a year. Stuart ever . In the year ago in. Stuart that stock is cold. Not ever. Stuart what is the point of school . Moving swiftly we have the dow industrials now up 50 points. We were talking privately during the commercial break. I think this market may end up significantly higher today. Loren think i am right. Moving quickly to the ten year yield which is known 2. 31 , historically low. The price of oil is at a two year low. Here is Brian Kilmeade. He is not a market expert. We wont say he is but he made a ton of money from that book of his, the secret six. Thanks for almost saying the title right. George washingtons secret six beat all the odds of the bridge against the u. S. The mighty superpower goes down. Stuart put the camera on me for just one shot. He sold 600,000 hardback copies, is out in paperback, he has made a ton of money and i want to know how you are investing this pot of gold. Are you in stocks . I am not telling you. I am putting it out in various situations. How about that . Stuart putting it in different assets . Keep in mind too, when you leave here we get cash everyday. They tell you you are making money but the money doesnt come in when they tell you you are getting it. When you used to wait tables in stratford, conn. The johnsons the me 20 again and the 150 check. We dont live in a cash with which society. Stuart you are not answering the question the refuse to answer. The money isnt in yet. Sales are in the numbers on the invoice but nothing is transplanted. Stuart when the money pours into the accounts where are you going to put it . I am going to invest in something important. I am looking for land in the syrian turkish border, cheap and affordable. It is of little loud but at least i could get something i am looking for, the property i need, no grass and i like to crawl back and forth to work. Stuart he never answered the question but he never lets you down. And i move on . Look at this stock. It is down big. Elon musk unveiled a new model deep. It can go 275 miles in a single charge. All wheel drive, zero to 60. That is fast, in three seconds. A lot of self driving features, sonar and cameras, changes your speed and switches lanes automatically, drive it yourself kind of thing, 120,000. Seen 1 on a road . No. I have seen the huge store in santa monica boulevard and they pick it up. Stuart elon musk his rollout wasnt as impressive as apple or people upset with the tweet, we got to give this guy all the credit in the world. We need people like him with innovation. Stuart we give him hundreds of millions of dollars in tax credits on which he runs his company. Like every good businessman. Wont got want to do it with my own dollars. If you are going to give me those dollars to bring me something to market, he has embraced america and the opportunity and i give him a lot of credit. Stuart the newly wealthy Brian Kilmeade spent 120,000 on an electric car when the price of gas is 3 a gallon. My hybrid tahoe has 100,000 miles, no signs of giving up so therefore why would i get something that will cause 120,000, forced my kid to leave private school because dad needs a new car to impress Stuart Varney at 11 00 eastern time . Stuart i gave a speech for your sons private school. Do you know that . I did that. Colleges more expensive. Adam when your son did not attend my speech. Was an adult thing or just for the students . Stuart there were some students there. Told your son not to. I would tell him to go. He was playing asteroids at the mall. Stuart when you dont have to comment on this but listen. A School District in nebraska suggesting teachers no longer call boys and girls, instead call them purple penguins or something gender neutral. Tracy byrnes, mother of three, is with us next. So i can reach ally bank 24 7, but there are no branches . 24 7 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. 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. Stuart officials in lincoln, neb. Suggesting they no longer refer to students as boys and girls, dont do that. It is all in the name of gender eat quality and gender inclusive this. List what one parent had to say about this on fox and friends this morning. This was about adults, professional educators who cared deeply about trying to reach and establish relationships with children, looking for strategies on how to be more effective in their classroom. Stuart are you more effective in the classroom if you fail to refer to boys and girls and use some other terminology . Lets get a comment from other of three tracy byrnes. Off the top of your head what is your initial reaction . Tracy went to call them purple penguins. That instead means they are fat and waddell. Is that better then being amorphous . Stuart a suggestion, instead of boys and girls, ladies and gentlemen, if that cropped up in the lesson. That is what theyre saying. Tracy we are what we are. I understand there are people in this world that struggle with gender. We want our girls to be proud to be girls. We want boys to the boys. At an end of the day you need one of each to procreate in this world. You cant take that away. You have to make a decision when you go to the bathroom which want to go into. Are you going in the boys or girls . If a ladder and application of the male or female . We cant do this to these kids . It is a tough time growing up to begin with and now by the way you are just amorphous. Stuart im with you on that one. To the point where they want to have just bathrooms, not boys or girls. Tracy would you want your kids in a coed back from . Telling you where it is if ago in the bathroom the wrong way the kids personality, not because they are male or female and trees in a few are drawing more attention to it. Do it right. Everybody cares. Have a strategy. This is not a good strategy. What do you say . People like bikes over here, people dont like bikes over there, how do you separate . Tracy either way these kids are going to be brief and you got to help them through it. Stuart on a similar vein, a young girl calling out dick at Sporting Goods because they dont feature girls in their basketball catalog. Assembles we. Young girl rights to the chief and says there are no girls in this catalog, it is all boys except a girl in the stands or something. Tracy if amen to her. Kids because it is so hard growing up being in sports is such a great thing. My daughter played softball, she is different because of the. We should promote women and men in sports. Stuart next one, you can come into this one, what is your name again . I will go with brian. Stuart San Francisco quarterback is wearing beats head funds. He did it during a news conference. The nfl fined him 10,000. Explained this one. A Arthur Aidalla deal with another head phone company and you got to where it. If you want to cut your own deal that is fine. He did it off the field, that is how you do it. Off the field is they get a lot of Group Revenue from the Group Sponsorships in which the league has. They get a third amount of money if the league complies. 15 start doing their own thing the money wont be the same and marketing deals will be the same and the company wont be there. Along with it. Plenty of time to be an individual, you get four months of in the offseason and you can sponsor that, you can wear them to and from the stadium, take them off in a press conference. Stuart this is lighthearted stuff. I want to turn to something much more serious. Jerry angelo, a former Chicago Bears gm who worked in the nfl for 30 years is a now hundreds of Domestic Violence cases involving players which is simply ignored by the nfl during his tenure. That is a more serious question. Absolutely. This is what the nfl is accused of, the whole thing comes down to if you are accused of sexual abuse, domestic abuse, some horrific crime and dont get convicted the nfl says we are waiting for the Court Process to play out, now they begin to reevaluate that with the rice situation, mike ditka has responded to this, called him got less to say that. If you didnt do anything at the time then shut up, dont live in the past. That was mike ditka telling his next boss to jump in a lake. Bernard it is a whole new world, very different world. I dont understand the wisdom of jumping on the bandwagon to clear your own conscience. Dont see how it helps anything. Stuart thanks, we appreciate it. Got more stuff coming up including this. The turks refuse to fight isis as isis slaughters kurds. After the break, the chief of shiboni is a occurred. He is donating millions of dollars of his own money to help those refugees. The response to this next. They are getting pulled three ways, theyre trying to let america bomb and our bombing in the past few weeks, weak loan has been more of a whatcom old program as they spread from the command and control center of isis into kobani. Mr. Daniels. Mr. Daniels. Look at this. Whats this . Clicks are off the charts. Yeah. Yoshi, were back. Yes, sir more shipping more shipping [ beeping ] [ beeping ] can you start tomorrow . Yes sir. Alright. Lets share the news tomorrow. Today we failrly busy. Tomorrow were booked solid. We close on the house tomorrow. I want one of these opened up. Because tomorow we go live. Its a day full of promise. And often, that day arrives by train. Big day today . Even bigger one tomorrow. When csx trains move forward, so does the rest of the economy. Csx. How tomorrow moves. Stuart isis fighters are making gains in syria and iraq. Coalition forces have ramped up air strikes. Oliver north pole as an hour ago air strikes are not going to be enough to stop vices. Will take a. We cannot win this war with air power alone. Even the president of turkey who is no friend of america even though it is that nato ally acknowledges more has to be done and troops have to be on the ground. The best ones who could do it would be the turkish army. Stuart the turkish army clearly dragging its feet, is lined up with isis across the street and the turkish army is doing nothing. Look who is here. The ceo of shiboni, you are definitely a kurd, born in turkey and you are using your own money, your own well to support kurdish refugees, sending money to them. What do you think of the turks . Got to ask the question. They are lined the. We have seen pictures of the tanks lined up. Here is isis, here is the turkish army, they are doing nothing, isis is killing you guys. What do you think . If you look at the streets of turkey, a i am watching with a lot of concern, why are we watching it and not doing anything . If you ask questions from the beginning to the end the dynamics of whom is in kobani theres a lot of confusion and frustration. Stuart when you have to be frustrated. The on force right there not attacking basis. Telling you guys. They they know the bombing wont help. There has to the air support or a nofly zone. My frustration is all this conversation has and going on for days and days and people are getting hurt. Normal people like getting hurt. The pictures of the woman killed and men separated from their families. And import organization like the ec are, people have basic needs and more to come. A few Million Dollars into this and maybe more to come but 2 million is going there. You are an influential powerful man. You built a huge business in the United States. Surely you have some clout in washington. Havent you been talking to people in washington saying why are you not supporting the kurds . Why do you keep supporting the turks who are doing nothing . If you look at it the turks and kurds are not far from each other. They are all the same people. The politicians when making politics and military people making strategy. The dynamics that changing too much. I am proudly from turkey. I love my country and the kurds they spread in so many countries and the Peace Process going on in turkey for the last three years, not even one person died and that is a good thing. Stuart when you think the kurds, the turks are good friends to the kurds . I dont know how to be a diplomat. What i can tell you is i am a big fan of the friendship of the turks and kurds. The country of turkey has plenty of kurds and they live everywhere in turkey. Theres denial of rights for the longest time, that is what the clashes are but kurds in turkey dont want to separate. All they want is equal rights, democratic rights and also all they want is relatives on the other side of the border do something together. Stuart sending money to the kurds . I am refugees. Also there are christians and minorities fare, the most amazing organization, his leadership is making a huge difference. They are underground. Food and protection stuart why isnt the American Government doing this . Ordinary people and businesses are the ones who have to bring their voice up and the ones who have to Say Something, do something, around the coalition and help people and make sure our politicians and leaders here s, that we are really worried and have to do what we see. Imus in the morning when you are doing a fine thing using your own money to do it and we use up all our time talking about what you are doing, the kurds, the turks and the American Government and we appreciate your time. Will you come back again . I want to hear about the 10 billion business which you grew from zero as an immigrant to america. Right now we are in billionplus. Stuart you are way up. I was giving you a compliment. Everyone in studio eats your yogurt. That is what we believe. Do good products, be conscious of your community and make sure everything you do that comes back to your community that is what matters to stuart i th in that. Thank you for joining us. We will see you again release in. Thank you much. Kentucky Senate Candidate asked whether she voted for obama refuses to answer. For 40 seconds. We will play the clip, dow is up 63. Nicole diane Nicole Petallides, right now the Dow Jones Industrial average higher once again at 72 points and nasdaq up 1 , the transfer of the index is under pressure, take a look at writer down 2 . Norfolk southern down one. 5 . To asthma unveils what we have been waiting for, elon musk tweeted Something Big was happening and it did. Last night was the unveiling, tesla motors down 6 . This makes cameras for truckdrivers down 7 but they did unveil a few things including all wheel drive. Take a look, battling ebola. These are masks that defense you against that and they are a Small Company at a new price. More varney and company after this. 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. Stuart hall and popular is president obama . Not even democrats want to say is they voted for him. Allison grimes challenging senator Mitch Mcconnell, listen to what she said when she was as did you vote for president obama . Did you vote for president obama 20082012 . This election isnt about the president. It is about putting kentucky back to work. I was a delegate for Hillary Clinton and kentucky knows i and a clinton democrat ruined through. Stuart doing anything to say she did the same whether she voted for him. You need to be more direct. I am not here to talk about the past. Are you kidding me . According to political experts she has run an Effective Campaign within shouting distance of Mitch Mcconnell for weeks. Terrible advice. Say i voted for him, a little disappointed. I was a delegate in 2012 and he underachieved and heres what i like about him. People will respect that. That daughter were she is. That could be a death blow to a candidacy that couldnt make any mistakes. Stuart when you have a big interview with mark cuban. You are going to air it on fox and friends. Do we have a preview . Roles and take of cuban please. What role should Washington Play . I vote for the guy who will do the least. In what way . About what . About everything. Politicians are there to be reelected. I dont think they do a good job of thinking. Dont care if it is republicans or democrats. No difference between the two, they are there to get elected. Will you just stay out of the way . The more they try to do the harder it gets. Stuart he sounds like a small government kind of guy. Rand paul, ron paul, he is doing nothing at all . He couldnt get behind he is a libertarian doesnt want to be associated with either party but for the most part he does not complain about the regulation but knows the regulation, promoting an arena to getting different product passed to investing, doesnt complain about taxes. I challenge you, Warren Buffett question. He is so sad doesnt pay more taxes, how do you feel . He will say i never did not do something worried about tax. I dont think about it. I sit there and i buy or dont buy and dont worry about it. He backed out of a little bit. Should we take 15 of your money . Had a my taxes, and i dont love paying taxes, nobody in america does. Stuart i would have gone further than that. Philadelphia School District is broke. The citys School Reform commission canceled the current teacher at Union Contract to save some money. It will force teachers to pay into their health coverage. Table paid for themselves a little bit. Bill green, chairman of the commission that canceled the teachers Union Contract. Was it just about money . You really need the savings. That is what this is all about, correct . A little bit of perspective helps. That is School District has really suffered more than any other instrumentality of the commonwealth. It laid off or eliminated 5,000 positions, closed 31 facilities, lost 1 billion of its budget due to lack of stimulus funding going away over the last three four years and has gone major concessionary contract with all of our unions, the principals, 25 million, Blue Collar Workers 20 million, most people suffering the most were the children through lack of resources. Stuart you said you are not giving any concessions so we are canceling the contract and you will now have to pay something towards your Health Insurance yourself. That is 70 a month. Is that correct . You got to paid that. 50 million will go to the kids in the classrooms. What do the unions say . They say they are going to see us in court. We file the declaratory judgment action in the Commonwealth Court and hopefully the Commonwealth Court will rule our actions were legal and valid. This is important because everybody needed to share in the sacrifice and the Teachers Union wouldnt come to the table. As a consequence of that i will give you two examples, one school at 160 in its budget for its operating budget. It has 46,000. Northeast isil had 15,000 in its operating budget with 3,000 students. It has 346,000 so the money we are saving is going back into classrooms to help teachers. We believe it was a fair and reasonable thing to do. We had to get money stuart not very often do you see a teachers Union Contract torn up, abrogated. Taking that stuff because your back is against the wall. The dow industrials are up 74 points. Huge roller coaster week you have seen go up and down. I am kind of tired of it is all about the Federal Reserve. Both said this, the fed that. Come in liz claman villages seagoing to give me an argument on the fed . And about wall street . She is going to join me in just a second. En things. En things. Ok, whys that . No hidden fees, from the bank where no branches equals great rates. When folks think about wthey think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. Ameriprise asked people a simple question in retirement, will you have enough money to live life on your terms . I sure hope so. With healthcare costs, who knows. Umm. Everyone has retirement questions. So ameriprise created the exclusive confident retirement approach. Now you and your ameripise advisor. Can get the real answers you need. Start building your confident retirement today. 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. 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Stuart the price of oil making some news, two year low of 85 a barrel. After the ten year treasury yield bring it to you every day, pretty good barometer of future growth here and around the world, 2. Zero is low. Book this year, liz claman. Welcome to the program, glad you are with us. Got to talk about the Federal Reserve. I am very frustrated. The market goes up 200 points it is the fed. The market goes down 300, it is the fed. Does. 200, it is the fed. What are you supposed to make of this . Liz listen when they open their mouth of the cause like it or not they are moving the markets. Today you could set your vcr and four of them, giving speeches to date, one already happened at 9 00 a. M. But everybody from Charles Foster philadelphia, entered george kansas city, Richard Fisher from dallas all giving speeches and these people who when they speak is not so much there can speech because theyre very tight on what they say but the q a after when journalists and economists get at them and that gets disseminated. Stuart when you are making my point. These comments from fed governors every day, market up, market down. Is that what investing in the stock market is about . It should be about what companies that doing but right now in this window of time it is all about Interest Rates. Stuart has been about this for years and years. People wonder about the effective speeches on p c b members, they even have any equation come out, and equations on this and really understandable. This was put together by Southern Illinois university of london emergingmarket and they say it is not so much the speeches that the reaction. He has been complaining about something you had no control over and you tried to explain it to him. It shows you are a bad person. Stuart i got to be out by 57 30. More varney next. In ill call my lawyer and format i call my girl and you my girl will you get it from plants yo, bro, you on woowoo . Are you kidding me . Everybodys on woowoo [elevator bell rings] woowoo . Lock and load, people were going all in on woowoo mark comp us up a profile page susie write us some posts i want sponsored woos. I want targeted woos. We need an ethnically ambiguous woowoo mascot. Dude. Are you still on woowoo . Naaaahh, man, my moms on woowoo. To my time this friday afternoon is. Deirdre more on the reason why blackstone is making the move. In lakewood profits, the baby boomers are the biggest consumer of why lenny ells are patching up. Elon musk has a vision of the future of driving. Jo ling kent is with me now from l. A. Elon musk is calling this a personal roller coaster. My stomach dropped to the floor of the car. I held my breath. It was like dropping down on a