Transcripts For FBC Varney Company 20150211

Trust and accountability, and he is offered six months. Hillary and embellished her story of being on the hostile fire. She got a pass. Third this was just plain embarrassing. The white house could not say that islamic terrorists deliberately killed jews in the paris daily, jumping through hoops all day long to avoid the truth. Finally another middle east country in chaos, yemen. A center for drone operations. Varney and company is about to begin. Moments ago we opened our show with a disturbing news about the Media Foreign Affairs and the competence of the white house team, dismal indeed. Not having much effect on your money. Wednesday morning, we are down 50 points on the dow at 17,815. There is nothing dismal about apple. It is on its way to a value of 3 quarters of a trillion dollars, another record high for the stock this morning and 124 123. 89. This is the value of the whole company. It was worth 0. 1 of that when the iphone was introduced in 2007. 721 billion. We have more on apples throughout this program but we begin with nbc news suspending Brian Williams for six months without pay. This came in a blistering statement from the president of nbc news, quote, brian misrepresented events which occurred when he was covering the iraq war in 2003 but it became clear that on other occasions brian had done the same while telling that story in other venues. This was wrong and completely inappropriate for someone in brians position. Lets bring in Domenic Patton from deadline. Com. The betting in the media this morning is he will have a very difficult time coming back if he ever comes back at all. What do you say . This is a hard one to play but it is interesting the way nbc decided to bring him back six months from now which if you look at your calendar is august. A very sleepy time for network news. You will see if williams comes back they will watch very carefully to see the way viewers gauge it, the way ratings gauge it. That is going to drive this. Is all about the ratings. Stuart what about the credibility of nbc news, that is a huge factor here not just ratings. You are a very realistic man and i would never like to say you are being a bit idealistic. Nbc nightly news is the number one rated show, news network. Theyre looking at millions of dollars of losses if their ratings go on. They see the way these ratings go. Brian williams is taking a walk. Stuart i perceive nbc news as having a leftist tilt under theyre managing editor Brian Williams. That goes for the whole of the nbc operation. And that political skew in the future. I think they are going to be very cautious about the way they approach the stories, to use it mildly, exaggerated or misrepresented by Brian Williams but i dont think you will see a fundamental shift at nbc news. They are number one so whatever they are doing at 6 30 is working across america. The question is will they hold onto that Succession Plan in place, or will it work when they bring Brian Williams back . With a deep the position . Your judgment. There is a great journalist. A great substitute. There is a lot of traction to make a. Mr will be the guy to do it. Stuart thanks for joining us on short notice. Brian williams isnt the only highprofile person with a credibility problem. In 2008 Hillary Clinton made comments about coming under sniper fire during a visit to bosnia. Listen to this. I remember landing under sniper fire. There will be sums of greeting ceremony at the airport but instead we ran our heads down to get into the vehicles to get to our base. Stuart but video of her arrival tells a different story. Young members of the military rather. Hillary walk across the runway, no sign of sniper fire. She claimed she misspoke when she first told the story. This was in 2008. Let me translate clintonian speak when they say misspoke that means really sorry that i lied about that. The clintons lying or covering the events is not new news. Remember whitewater . Monica lewinsky . Donor tax records . Theres a pattern here and it is not just about the, quote sniper fire in bosnia. Stuart the sniper fire looks like flat out embellishment. It was a lie. It was a lie. Hillarys bigger problem is she is not a great politician. When you see her on the campaign trail she is not a normal person. She had a hard time connecting with voters and is facing challenges from the left. She has much bigger problems than bosnia sniper fire. Stuart we hear theres all kinds of dissent within the Clinton Campaign camp right now. Some of the people who collect the money have been making millions of dollars by collecting money for Hillary Clinton. Another point is cheese of lousy campaign manager. Remember how that campaign ran in 2008 . Is there any reason to believe somehow she learned to become a better manager . She cant manage her campaign how can she manage the country . Stuart you are taking out words like lie. That is the truth. It was a lie. Theres no other way to say it. Stuart how much trouble . I never believed Hillary Clinton was a strong candidate. I set it on your show and i will say it again. Stuart when you just dead. The price of oil, yesterday down 5 . It is now at 48 a barrel, that is very interesting. We breached 50 down to 48 down 2. 5 . I wonder where we go from here. The price of gasoline shot up. Look at that National Average. 2. 21. Lauren simonetti is here. Do you have a list of places where theres a big spike overnight . I do and thanks to our viewers to when i tweeted aware of gas prices jumped dramatically they answered. The reason we didnt expect this lets do it now. The increases in michigan over night as you can see jackson, mich. Up 0. 17 from yesterday to today that is really dramatic. If you go to florida you can see orlando prices spiking 0. 12 overnight, spiking a dime in illinois. The reason i said you were so surprised to hear about this dramatic spike in such a short period is it used to be when the price of oil went up there was to quote clea four to six week lag in the price of gasoline going up or down. It is almost immediate. I got off the phone with the folks with aaa and they say that happened. In the next couple weeks we going to see the refineries switching to more expensive summer blends and that will push prices up even more. As for these tremendous jumps in michigan and florida for example there is really no reason. I cant find the reason for it. It is the physical market and these are the averages in some places. Some stations the jumping 0. 20. Stuart i always used to think talk of price gouging was just not right. It wasnt correct. Nobody is gouging here. It is and natural move of supply and demand. Inventory protection as well. Stuart all of these technical reasons but i cant help but feel feta 0. 12 bike over night in orlando for example 0. 11 in st. Louis, there is something more going on than an adjustment to supply and demand. Mary kissel i have always said nobodys gouging anybody here just profit and loss but maybe this time somebody is jumping on the gouging bandwagon. There will be a natural rebound, as the price falls so far. What investors are trying to figure out is what is the true level of Global Demand and how much of that reduction has been reflected in the oil price. How many massive inflows are affecting the oil price. There are a lot of markets that are jittery and it is not just commodities. What happened in currencies after switzerland made their move . Price gouging, dont know if you concede price gouging that there are a lot of factors and investors of trying to work through a you have volatile times ahead. Stuart what do you say . It is fear. The gas station owners already paid for their gasoline and they expect and anticipate the next shipment to be more expensive to be automatically raising prices to cushion themselves. Stuart never let it be said and i object to profit, strong profit. I dont object to that at all but it looks kind of bad, doesnt it, when used by 0. 12 overnight or 0. 11 or whatever it is. Are we done with this . To the producer, move on. The white house fumbles again after president obama miss speaks again. Up next the judge on choosing your words very carefully. Something we should expect from the president. Instead he said this. B had people or randomly shoot a bunch of folks in a deli in paris. 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. Stuart the dow is down 29 points, 17800. Pier one imports disappointing profit forecast and that stock by the way is hitting a new low. 23 down. Imports, under 13 bucks. Lower profits at pepsi. However the numbers were better than the all knowing analysts were expecting so the stock is up. It was pepsicos fritolay unit that continued a strong performer snacks, it appears, fatty or otherwise are still big. Here is your daily islamic terror of the day. President obama formally asking congress for three your authorization for war against isis. You wants to train local forces but would not be deployed during, quote, offensive ground forces. The u. S. Embassy in yemen has been closed, rebels seized control of the country last month. By the way the u. K. And france have close. This is another mideast country from which america has withdrawn. The scsi with iran. Lets get to the latest on language from the white house. Looking at how president obama describe the antisemitic terror attack on a kosher supermarket in paris. He suggested was just random. It is entirely legitimate for the American People to be deeply concerned when you have a bunch of violent vicious zealots who be had people or shoot a bunch of folks in a deli in paris. Stuart White House Press secretary judge ernest tried his best to back up those comments. Terrorist attack the data, because theyre jews in that chili. The everpresent chose to indicate. Not because of who they were but with a random we happen to be. Stuart was like pulling teeth. Here is this clarification, quote, we have always been clear the attack on the closure Grocery Store was an antisemitic attack that took the lives of innocent people. They didnt actually say that. And he was the editor of the harvard law review and words are of paramount importance in the law. I dont think the president of the to that standard. The president is an intelligent human being, well above stuart absolutely. He will not read history by his choice of words or thoughtlessly without realizing could use the word random. These people were randomly there the shooting was random. It was not random. It was a direct attack on people because they were jewish. The president cant fail to recognize that. Theres something going on the we dont know about. But when he tries to rewrite recent history, it is not justifiable. That interview was taped by late january. Less than two weeks later it was broadcast. The president s dont people were in that room. Why didnt they correct that . Would you doing . Judge napolitano if you watch the sentence before this one, he paused to choose his words carefully and often does that. I watched a tape of him being interviewed by bill oreilly the most aggressive interview he has gone. He chooses his words carefully. I dont know that he chose his words carefully. Either really believes this or he fails to grasp the gravity of what he is talking about and what happened. Stuart why didnt his staff do something about it . Judge napolitano that is a good point. This is a tape not a live interview. At stuart he would not use the word antisemites or antisemitic. He wouldnt do it. He wont say islamic terror. Why not . Judge napolitano i wish i knew what was going on. I honestly think that he thinks he can listen violence and less and anxiety by refusal to recognize it which is an attitude that is defined by history. He is about to ask the congress for authorization to fight isis. Do you expect him to make the case for that war . He hasnt. I dont think he even believes in it. Whatever you think of fdr or world war ii u. N. To congress and made the case and got a declaration. Stuart why is he not doing this . Judge napolitano very good question. Maybe he wants the burden of war to be on the Republican Congress which will enact the authorization to use military force and not on him. Republican congress i suggest the leadership of the Republican Congress, told the president to make the case for war. What does he want to accomplish . Why does he want this war and debate the authorization to use military force . Dont just give it to him and see what he says. Stuart what do you think of this precise wording quoted in the new york times, the troops which ago would not be an enduring, offensive, ground force . Judge napolitano the proposed statute there are two aspects to this. Have the time limitation which the current authorization to use military force do not have. The other is it has a clause are geographical limitation they can only fight isis where is. They cant fight isis where it is intent claim that it is preventive. The white house proposed this whether to restrain his successor would restrain him i dont know but what is an enduring ground force . There is no legal definition. It is whatever the president in office at the time wants it to mean. Stuart lets go to congress and make the case. Judge napolitano i dont think we would hear that but i would like to hear it. Stuart we appreciate it. After 40 years the federal government is changing its view on cholesterol. Next, what you need to know before you order up that eight a,. It is something. The incredible edible egg. Opportunities arent always obvious. Sometimes they just drop in. 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. Youre driving along, 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 we are following apples very closely. Another record high for the stock this morning. We are couple months from the much ballyhooed launch of the apple watch but ceo tim cook already started a pretty good pr campaign. He talked to analysts, reportedly said, quote, a lot of doctors believe sitting is the new cancer. He went on to say the apple lot includes a feature to ping people when they have been sitting too long according to the latest report. At our from now we give the people what to check up with our own dr. Mark siegel. The government is getting ready to drop its longstanding warning about the amount of cholesterol in your diet. It is a new take on cholesterol. It does not reverse warnings about highlevel of bad cholesterol in the blood which have been linked to Heart Disease but it is new. Lets bring in a registered dietitian, obvious question, can i go ahead with my six egg omelet without guilt . Anything in excess is not recommended. The only thing you are doing is cutting the 200 mg recommendation so you dont have to be watching how many milligrams of cholesterol you are eating. Instead stuart are they saying it is not the amount of cholesterol you are investing . Over a certain level . Is not the amount . Our body produces cholesterol and what we have known for the last 40 years is saturated fat and trans fat affects the cholesterol we make in our bodies, not the cholesterols that we each. You still have to watch saturated fat and trans fat. Stuart still walking that. We try not to say good or bad. We want to not labeled food in any way. Stuart a lot of our viewers, have been listening to the warnings about cholesterol for two generations. Are we now reversing that . It is not so bad . We want to stick with keeping healthy cholesterol in terms of numbers. Stuart downgrading of a threat of cholesterol . No. We are downgrading of the threat of cholesterol that you actually eat. You dont need to look at your labels to know how many milligrams of cholesterol you are. You dont have to look at the egg and say there are 200 milligrams of cholesterol, aiken along the have that. You can have the egg but maybe not the bacon. Made one piece of bacon once in awhile. Stuart i am not sure where i stand cholesterolwise with the new labeling requirements. I am not sure where i stand. Should i be scared or not . Not. Hy dont think anybody should be scared. Stuart level has been reduced. How many milligrams of cholesterol in one a egg . 200. You can feel positive they are not harming themselves. Stuart this is what we can do without worrying. Exactly. Stuart are we all clear on this, ladies and gentlemen . We still need to watch saturated fats and trans fat. Stuart no more palm oil. Is that correct . Palm oil has saturated fat. I want to see this. Stuart lets not get into palm oil, move on. Thanks very much. I say europe is in decline morally and financially. More on that next. If only Lady Thatcher was still around. What the hon. Member is saying is that he would rather provide the rich were less rich. [ male announcer ] legalzoom has helped start over 1 million businesses. 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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. What the honorable member is saying is that he will rather the poor were poorer providing the rich were less rich. Thats where you will never create the wealth. Here here. What a policy. He would rather have the poor poorer, providing the rich were less rich. That is a liberal politics. Yes, he didnt intend it to. [ laughter ] play that again [ laughter ]. Stuart we will, i promise you. That was Margaret Thatcher addressing parliament as she left office 25 years ago. She assumed the leadership of the conservative party in britain, 40 years ago today and joining us now barones joanna shields, current member of the house of law, visiting us in the United States, in new york city. Barones, welcome to the program. Were going to get to your point that britain is a wonderful home for hightech companies. Absolutely. Stuart do you agree that what Continental Europe really needs is Margaret Thatcher . I have to say i love the quote, certainly im a member of the conservative party and in the house of lords. But what europe needs is the digital single market. Stuart come on barones. I know you want to talk about digital market. Stuart come on dont you think the french people and germans and italians and spanish and all the rest of them, dont they want private enterprise . So vigorous capitalism and a politician who stands up and pounds the table for it . I completely agreement in britain were about innovation not regulation. In europe the framework is closing in on the technology stuart youre killing me baroness, youre killing me do you want britain in or out of the european union. We want britain in a reformed european union. Stuart how would you reform it . There was a promising poll released this week of all the European Countries saying theyre supporting the moves that Prime Minister cameron are making, the moves that the party are making toward moving us to a reformed europe. Stuart hmmm somewhat lukewarm. Whats this about the digital marketplace . Well, the u. K. Is emerging from the recession as the fastest Digital Economy in the world. We are the fastest in the g20. Stuart define Digital Economy. Tech and Digital Businesses cuts across many sectors now, but these are people engaged in internet related services, the internet economy as well. Stuart the british economy is Fastest Growing . Yes. If the Digital Economy is so important to britain, why would the conservatives of all people try to impose a google tax on multinationals, try to punish great businesses in the i. T. Space . Why would anybody do this. Whats happened in britain first of all, weve created the best conditions in europe, we were speaking about europe to create a business and help it to thrive. In terms of incentives r d tax credit above the line and best in the world a patent box which is a 10 tax rate but make no bones about, it we will not accept when companies dont pay their fair share. Why not lower the rates for everybody . Why this playing with the tax code . You saw this value added tax. But they look like labor. Actually they dont as of april 1st, we will have the lowest tax rate in the g20. Its a low bar. 20 is not a low bar when you look at corporation tax. Its reasonable. If you create r d in the u. K. You will pay 10 tax on the research and the development and the ip work related to that. It is 10 tax which we think is fair. You support the google tax and punishing the Multinational Companies with subsidiaries in britain. Its not me supporting anything. Hold on, i used to work at google. Its not a google tax, by the way, it is a diverted profits tax. Let me explain the oecd process has been looking at substance and tax and taxing companies where they make their revenue, where they have their core assets and their core teams. Now this is the oecd and all countries are following suit. The reality is if youre doing business in a country and youre assigning ip to another entity where its not actually you know, being built there its considered to be an offshore tax haven. Well the oecd likes higher taxes. Stuart are you going to go back to the house of lords, pound the table for Margaret Thatcherstyle economics. I will indeed. Stuart did you enjoy being on television in america . Were different from the bbc. Do you feel we ambushed you. Its fine, im in the house of lords, theres a lot of lively debates in the house of lords. Stuart i used to take dates to debates at the house. Really . The next time you are over, well have you. Thank you very much. Stuart back to the markets. Where are we . Weve come back a little bit, down 40, 50 points 60 points maybe, now down 27. The key question is where is the price of oil . Now up 49 a barrel. Point is were below 50. Thats important. Price of gasoline straight up overnight, three cents higher 2. 21 is National Average. Up more than a dime since last wednesday, but still down more than a dollar a gallon from where we were this time last year. Still the same five states in the 1 club idaho utah, montana, south carolina, wyoming where the state average for regular is below 2 a gallon. Up next something very special, live here in the studio. A les paul guitar called the black beauty. You can buy it, how much . Find out. Enjoy guitar music from a man born to play that thing. Go. At ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. Startupny. Its working for new york state. Already 55 companies are investing over 98 Million Dollars and creating over 2100 jobs. From long island to all across upstate new york, more businesses are coming to new york. They are paying no property taxes no corporate taxes no sales taxes. And with over 300 locations, and 3. 7 million square feet available, theres a place thats right for your business. See if startupny can work for you. Go to startup. Ny. Gov. Reporter im Nicole Petallides with your fox business brief. We have down arrows for the Dow Jones Industrial average, down 31 points, but up off the earlier lose of the day. Had been down nearly 85 points. The s p 500 down just one point. The nasdaq, techheavy nasdaq doing well off 17 points. That is in the green. Pfizer hitting a new high again. Goldman sachs, travelers, among the other leaders, nike and cocacola under pressure cocacola came out with news yesterday. Take a look at apple. 124. 06 just crossed the 124 mark. And its an alltime high. Looking at pepsi aol and pier one imports, down 22 . New low. America sales are doing well, and aol under pressure and warning about revenues. You pay your Auto Insurance premium every month on the dot. Youre like the poster child for paying on time. And then one day you tap the bumper of a station wagon. No big deal. Until your Insurance Company jacks up your rates. You freak out. What good is having insurance if you get punished for using it . Hey insurance companies, news flash. Nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. See Car Insurance in a whole new light. Liberty mutual insurance. Opportunities arent always obvious. Sometimes they just drop in. 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. Stuart thats pretty good. Actually, thats really very good. That was deed i do for now called chester and lester by atkins and paul. Playing what is called the holy grail of electronic guitars, thats the guitar les pauls original 1954 black beauty up for auction at the auction house gurnses in new york city. More music in a second. We have the gurnses president arlin, first to you, you are auctions off that black beauty how much you going to get . It is the holy grail. Stuart how much. A million two, million three, could this top that. Stuart really . This is as good as it gets. Stuart a million two, million three for the git snar. We sold Jerry Garcias guitar, ten years, eclipsed by a bob dylan guitar. This instrument is important not by virtue of who played it it is at the root of all the music we listen to today, every great musician eric clapton, bob dylan, john harley john lennon, Keith Richards played guitars that follow this one. Stuart tom doyle, you were playing this was that owned by les paul . The first prototype. This is the one. Stuart arlen is right. That hit real launched the electronic guitar into the rock n roll scene . It is the one that les always wanted and used on his commercials, the les paul and mary ford show for the listerine commercials. Here is the first guitar prototype that he used and put it to the public on television. Black and white you can see his fingers flying over the finger board, black piano finish, everything looks super on television. Stuart settle the argument eric clapton was a better guitarist than les paul. Have you to understand, different era. Tom, they were searching for something, too. I was searching and so they were. They have their thing, dont think it is its great. Stuart as a player, the sound from the guitar, is it better than other guitars . Place it in a sense of how good it is . Ted mccarty, the president of gibson and les got together to create this black beauty. This is what les wanted in the electronic guitar itself. It was a mahogany body finger board, put together for les style of playing. Anybody could pick it up and use it for their style of play. Stuart i can imagine musicians bidding in the auction . If this was a baseball bat, bats are valuable by virtue of those who used them babe ruth and mickey mantle. You found a piece of wood that someone once took a knife and whittled away to make one end tapered and said if we use a stick and hit a baseball with it, theres a game to be played. This is the stick, its the root of it all. Stuart is it a regular auction . Will tom doyle be standing there at the auction playing and the bids come in. Is that it . Sort of it. Stuart its a regular auction. People on the phone from all over the world, that kind of thing. For sure. Stuart 1. 2, 1. 3 million . At guernseys. Stuart youll blow them out of water. Play it into the break. Okay, ill do it. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. Approaching medicare eligibility . You may think you can put off checking out your Medicare Options until youre sixtyfive but now is a good time to get the ball rolling. Keep in mind medicare only covers about eighty percent of part b medical costs. The rest is up to you. Thats where aarp Medicare Supplement insurance plans insured by unitedhealthcare Insurance Company come in. Like all standardized Medicare Supplement insurance plans they could help pay some of what medicare doesnt, saving you in outofpocket medical costs. 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Call now, request your free [decision guide] and start gathering the information you need to help you keep rolling with confidence. Go long™. Stuart you know i have been saying that foreign soccer is getting big, ive got proof for you. Premiere League English soccer is about to be the most lucrative Sports League in the world. Listen to this. Sky buying or paying 8 billion just to broadcast games in britain for three years. 8 billion bucks. Theres much more coming in when rights to america, europe asia and africa are auctioned off later. Mary a lot of people make fun of me i said premiere League English soccer is the most valuable league in the world. Why are you laughing . Im not going to watch it. Stuart j not . Its a snoozer. One goal gets scored. Its not for me. World cup comes around ill watch that. I have to say, im all for successful businesses and good for them for building something that Consumers Want to consume. Stuart you dont watch . No, i dont have time stuart you dont have time to watch . If i watch sports, im going to watch the nfl. Stuart okay. And i think most of your viewers agree with me. Stuart six minutes to the top of the hour. I think your time is up. [ laughter ] mary, thank you very much. In terms of market moves, its oil thats make the news were at 49 a barrel had. Been at 48. Just 49. Gas up another 3 cents just overnight. The new National Average is 2. 21 per gallon. Come on in mischka in san diego. In the last few days in the program, weve had two people say oil is going up from here, and two people who say its going down from here. No waffling, please just tell us which way you think oil is going to go . Ill be the tiebreaker in this one. I think its definitively going to go lower here. I think that we are most likely going to see a sustained period of volatility, and you know, i think the question a lot of people have been asking how low the price will go . I think really the question should be how long it will remain at these levels . Stuart okay wait a second i asked the question which way its going to go said and you its going to go down. I take it you mean down from here, will it break below the previous floor 43, 44 a barrel. It will go down to the 20 a barrel that citi was talking about yesterday . I think it will break through the floor, but down to 20 . Id say thats a bit of a stretch. Stuart 39 . 39 is a possibility, absolutely. Stuart i dont want to get tied up with trying to put a dollar number at 39 or 34 or 42, i dont want to do that. But the idea that were going to challenge that previous floor, that is very important for the stock market for the price of gasoline, and for all th. What factor does Global Demand play here . Global demand factors into a lot of things, its a supply issue at this point in time. Stuart im terribly sorry, im about to lose your satellite, and youre in san diego, cant have that happen. No waffling very, very good, prices going down, thank you very much. Nbc, chaotic. And its not just Brian Williams. I think theyre a farleft leaning organization they pander to the Obama Administration, call chris kyle a killer not to mention al sharpton an msnbc anchor . Brent bozell sounding off on all of this in two minutes. The future of the market is never clear. But at t. Rowe price we can help guide your retirement savings. Our experience is one reason 100 of our Retirement Funds beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. If youre taking multiple medications does your mouth often feel dry . A dry mouth can be a side effect of many medications. But it can also lead to tooth decay and bad breath. Thats why theres biotene available as an oral rinse toothpaste, spray or gel. Biotene can provide soothing relief and it helps keep your mouth healthy too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene, for people who suffer from a dry mouth. Your daughter has a brilliant idea for her science project. And you could make it happen. Right . Wrong. Because youre not you youre a Cancer Hospital and your daughter. Shes a team of leading researchers. And that brilliant idea is a breakthrough in patient treatment that could save thousands of lives. Which means you need a diverse team of advisors helping you. From Research Data analytics all the way to transformation of clinical care. So you call pwc. The right people to get the extraordinary done. Stuart president obamas biggest supporter in the already leftist establishment media is nbc. They report the news the way the president would like it told. Well theyve got a credibility problem. Actually its more like a correct crisis. Brian williams reputation embellishment problem, thats the headline this morning, but the latest in a long line of nbc problems. Remember Melissa Harris perry at msnbc asking the attorney general of the United States to quack like a duck. What credibility does that correspondent have with an embarrassment like that . The reporter on morning show said american sniper chris kyle was a racist on a killing spree. He refused to apologize despite demands from the military. Just shows where he was coming from. And dont forget the reverend al sharpton he has his own show on msnbc though hes a tax cheat and sits in the white house advising the president on race. I think the jig is up nbcs credibility is shot, and that will hurt the man that needs their support. President barack obama. I want to get right to this big story. Media Research Centers brent bozell is with us. You heard me say it i think nbc has a credibility problem. I think they skew left, and i think that their credibility problem will hurt president obama. What say you . Well, you have a good list and i can give you more names. How about ed schultz who called Laura Ingraham a slut. He apologized for it Nothing Happened to him. Chris matthews hoped somebody would shoot Rush Limbaugh in the head. He apologized but nothing was done to him. What about Martin Bashir . The host who said he produced a segment that said he hoped somebody would defecate in sarah palins mouth . He was never fired for what he did. This is the face of msnbc and nbc. Now another bigger problem not just their bias but honesty. Now you have their lead anchor who we found out has been a serial liar on a number of fronts who apologized and added a falsehood to the apology. The apology didnt go anywhere and im telling you right now, this weird six month suspension is going to go nowhere. There is more going on behind the scenes that we dont know. Stuart do you think i believe there is a leftist bias at nbc and elsewhere, but at nbc i think there is. The series of embarrassments and you pointed out, it is a long, long list do you think it will change that bias . Will they rein themselves in at all . No, because the, you know, the inmates control the asylum at nbc. These leftwingers are in control and comcast, that owns nbc has demonstrated a complete unwillingness to show any kind of Corporate Responsibility over that network. You know, if people at fox did the kind of things that they do at nbc, one by one, each person would have been fired by roger ails and if roger ails hadnt done it, he would have been fired by rupert murdoch. Thats how you run a business. These people get away with it on a regular basis. Heres the calculation they have, they are reaching a minute audience but tends to be a faithful and loyal audience. If youre reaching half a 1 , they dont care if theyre insulting the other 99. 5 of americans because theyve got the audience they want. Stuart you know that comcast which owns nbc, they want to take over time warner cable. To do that they need regulatory approval. They need the Obama Administration to say okay maybe that explains some of the bias in favor of president obama because they want a favorable decision from president obama. Maybe thats whats going on behind the scenes as well. Stuart incoming news flash this city is corrupt, Everybody Knows its corrupt. Comcast has over 100 lobbyists working in washington, d. C. Right now. This is a situation where they are too big to fail, where they can get this kind of control. If you look at the number of companies, the number of networks combined that they owned, it boggles the mind. There will be no such thing as competition against them. There will be nothing that will stop them from buying every politician they want to buy, and already doing it republican and democrat, and Everybody Knows it. Stuart hold on brent. Every time you and i get together to discuss this subject, i always say, the jig is up. They cannot go on like this. The establishment media cannot have this bias forever. I always say weve reached the point where they are going to turn. Im going to say it again because the series of embarrassments for nbc, i think they have reached the point where they begin to turn. Youre not going to agree with me, are you . Heres where theyre turning, turning dramatically in the court of public opinion, consider that 40 of the the public believed that Brian Williams should be fired. Thats a huge number, considering the audience that he had. 73 of americans know about this scandal. And yet only a fraction of americans watch nbc nightly news so the bias may continue but people are onto that bias, whether they will have an effect is another matter but the power of comcast is enormous. Stuart brent bozell everyone thank you very much as always see you soon. Thank you sir. Check the big board. Kind of a go nowhere day thus far. 38point drop for the dow thats it. Oil down a bit more today, sitting on 49 a barrel. Believe it or not, last june, it was well over 100 a barrel. Gas up three cents overnight, the new National Average 2. 21 up a dime since last wednesday, still a dollar and small change below where we were this time last year. Now look at apple please. Look at the value 753 billion. Thats the value of the company. It was worth about a tenth of that when the iphone was introduced in 2007. Liz mcdonald is here. Look at that. Almost three quarters of a trillion dollars . Heading toward a trillion. Holy cow this is worth two googles. Look at the mess here. Apples market cap equates to two googles. Eight mcdonalds, its as big as ge pfizer and p g combined, stuart. Stuart absolutely huge. Heres the sales number, they had more sales in the last quarter than facebook amazon and google combined. All of googles sales last year were still less than what apple had in one quarter, and the Iphone Iphone gross rate sales is faster than apple. Heck of a ride. Stuart everybody wants to know, is it going to keep going like this . You cant answer that question. Tim cook did, he tried to on tuesday, he said the law of big numbers doesnt apply us to. Hes act like a startup. Hes so smart with cash pile, borrowing in switzerland, francs there to fund his stock back in the 130 billion stock buyback and dividend program. I love the media pundits who say heres what apple should do with the cash pile. They are smart enough to built the cash pile you think tim cook knows what to do with it right . Stuart liz, thank you very much. Im going to bring you a terror update. President obama has formally asked congress for authorization for war against isis militants. The plan calls for assisting and training local military forces but would not deploy, quote, enduring offensive ground forces. The state department announcing the u. S. Embassy in yemen is closed and evacuated. Shiite rebels seize control of the country. Hours after america made that decision on the embassy france and the u. K. Also closed their embassies in sanaa, the capital. Another middle east capital lost to extremism. Listen to president obama say that the attack in paris just random he says. Entirely legitimate for the American People to be deeply concerned when you have a bunch of violent, vicious zealots who behead people or randomly shoot a bunch of folks in a deli in paris. Stuart randomly shoot a bunch of folks in a deli in paris. Back to that comment in a moment. Were joined now by Lieutenant Colonel ralph pink us with whom i want to talk about the authorization. What was the correct explanation, the authorization for war against isis, that is putting it correctly. Presumably, youre happy the president is asking for that authorization, thats what you wanted him to do, isnt it . Well, in principle yes. We would certainly Want Congress involved we want the American People through their senators and representatives to have a voice in going to war and how we conduct wars but if you read the letter the president sent to congress its the letter of a frightened lawyer, not of a commander in chief. He has put so many caveats on how we conduct military operations, hes put so many restrictions on our troops hes asked for so many restrictions that basically what hes doing is asking congress to forbid him from doing the things he doesnt want to do in the first place, and then he can blame congress for not doing them. For instance, this idea that there will be no enduring presence of Ground Troops. Well, none of us want hundreds of thousands of american troops occupying iraq and syria again, but one, you dont rule anything out because you dont know what the future of warfare requires. It is unpredictable. Second, when you put these restrictions, no Ground Troops or his limit of a threeyear term for this authorization, once again hes telling our enemies, were not serious, three years and were out of here. And by the way, Pay Attention to that three year limit he asked for, because that is a poison pill for the next president who has to take over and suddenly asked for another authorization. Stuart why do you think the president is unwilling, flatout refuses to say the attack in paris was antisemitic and directed specifically against jewish people . Why do you think the president will not use the expression islamic terror. In ive asked you this before but it keeps coming up. This administration keeps on backing away from describing the situation truthfully and honestly and directly. So why do they keep doing this . Well there are two reasons. The first is obamas own background, his exposure to islam as a child was in indonesia. Ive done a Research Project there. Islam is at its absolutely most benign buddhist and anmist influences, the second more important reason, he spent his entire life before running for president in a hardcore left wing millieu. Literally from the cradle up. And it is an article of faith that he is deeply integrated into his world view that israel is bad, jews are bad, christians are bad, and islam, he romanticizes it hamas, hezbollah, others are freedom fighters, and while he knows intellectually the Islamic State is horrible and a menace and a danger theres a part of him that believes that somehow theres justification for all that hatred of the west and all the atrocities. May i please say, stuart . Stuart please. I can explain the issue of the kosher deli. There are only two possible explanations according to the administration. One is that it was totally random that this islamist terrorist picked a kosher deli. The other and the one i favor is that the islamist terrorists can not do without their lox and bagels. Stuart stop it. You got me going. Stuart, next time im going to tell you about how Brian Williams and i almost saved nelson at trifal gar. Stuart sarcasm is wit, and i notice you never employ it in historical novels. Im an internal sergeant. Stuart good luck ralph. New government guidelines on cholesterol, does this mean all the steak and eggs you can eat . Peter barnes has the answer, and hell be wearing an apron giving the answer. I have no idea why. Tim cook says sitting is the new cancer. Trying to get you to buy apple watch does. Dr. Siegel agree with that. Later, dr. Ablow on the Little League team that had to forfeit championship. Why do adults teach kids its okay to cheat . Startupny. Its working for new york state. Already 55 companies are investing over 98 Million Dollars and creating over 2100 jobs. From long island to all across upstate new york, more businesses are coming to new york. They are paying no property taxes no corporate taxes no sales taxes. And with over 300 locations, and 3. 7 million square feet available, theres a place thats right for your business. See if startupny can work for you. Go to startup. Ny. Gov. Stuart turns out eggs are not so bad for you after all. The governments changing guidelines on cholesterol after 40 years. Come on in peter barnes at a diner in alexandria, virginia, is everybody cheering there, peter . Reporter they are cheering how do you like them, my brother, scrambled . Overeasy . Do you want an omelette . You want to hear celebrating, right . Stuart yeah, sort of. Go ahead. Tell me whats going on . Reporter so let me so what im going to impress you with my Cooking Skills while im doing this story. I have my script in the order where they stick the order, ill try and do two things at once which is hard for me, this is about Adviser Committee of nutritionists advising the department of health and department of Human Services and department of education about the 25 u. S. Dietary guidelines and theyre expected to drop warnings that foods with cholesterol, like eggs, and let me see if i can do this, like eggs ouch are actually bad for you, and are bad for, crud, i didnt grab it hard enough. Stuart what are you doing . There i got it i got it. There, baby im getting applause there. Thank you, im doing it im doing it at a december meeting, the nutritionist eggheads, get it wrote cholesterol is not considered a nutrient of concern for overconsumption. Well, they gave us no explanation for this but there have been studies that suggest that perhaps foods with high cholesterol like eggs actually do not raise cholesterol in the body. This is not an initial recommendation, yet its going come out in a couple of weeks and later this year the two departments will decide whether or not to accept the recommendation, and im making a mess of these scrambled eggs and this could end up in these guidelines when they are released later this year stu. And that will be 4. 95. [ laughter ] i understand peter is going to make pancakes in the next hour. Stay tuned nar. All right, peter. That was the worst egg cracking ive ever seen in my life. [ laughter ] it was. That was awful. He just dropped it. Thats all. You would have walked out of the restaurant if you saw that. You would have. Stuart possibly. Go again. Back to apple couple of months away from the apple launch got. That ceo tim cook started talking it up, he told analysts quote a lot of doctors believe sitting is the new cancer. The apple watch would include a feature to ping people when theyve been sitting for too long. All right the doctor is in dr. Marc siegel with the fox medical ateam is here. Sitting is the new cancer . Bit of an inflammatory headline. Studies show you have to do 30 minutes of exercise a day, everyone should. Some kind, at least walking. But now over the past year theres been studies that show that even if you do that if you sit on your duff the rest of the time youre risks of Heart Disease are high, risks of certain kinds of cancer are high Breast Cancer colon cancer pancreatic cancer prostate cancer, so in a way thats correct. And youve got to move around. They have the watch is there anybody that doesnt know that you have to move around a little bit. Is there anybody who doesnt know that . Yes, there is. Especially now that iphone reminds you, iphone has an app called health that tells you how much you walk during the day. In addition to gym workout, move around. Tell you to get up and get going. How many hours do you have to sit before you are at risk of cancer. Just a matter of someone who sits 8 10 hours a day, its increased risk. What about lying down. And having bacon cheeseburger. Stuart this is all pr. No no, its true. Stuart tell me about cholesterol, changing the guidelines for the labeling. I dont have to worry about a couple eggs a day . The way peter barnes makes them, first of all, you make eggs with butter . Butter is saturated fat. It is bad for you, that we know. Fruit and vegetables are good for you, grains are good for you, okay . So the message here is get the sugar, get the salt out of your diet, get the saturated fats out, get the meat out of diet and replace it with fruits and vegetables and grains. The reason theyre throwing cholesterol to the side here is cholesterol is bad when you eat it in 25 of people. Only one quarter of people it will raise their cholesterol substantially. But what i got to tell your viewers is blood cholesterol is terrible for you. The issue here is you may be able to eat an egg a day and not have it raise the cholesterol in your blood. Stuart what . If you eat butter and eat all of that saturated fat crap it is going to raise the cholesterol in your blood. The vegan dr. Marc siegel. What about the rabbits . I havent got time on the rabbits, do the tests on rabbits or something . Thats how come cholesterol is in there its in there because the studies from 1913 on looked at rabbits, and rabbits are very vulnerable to dietary cholesterol. Stuart you medical people misleading us all these years. Have you i have heard good information that you have the metabolism like a rabbit. [ laughter ] he does eat cucumbers for lunch. Stuart jon stewart there is leaving the daily show, like him or not, its the end of an era. The times hes made me the punch line. Hold an exclusive event for the president s reelection bid. You know what stuart varney, thats a [ bleep ] much. The president is doing fundraisers, you dont have to put on the accent. You dont need to put that on, thats not right. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. Ok, if youre up there, i could use some help. Smart sarah. Seeking guidance. Just like with your investments. That sets you apart. It does . It does. Youre type e. And seeking another perspective is what type e s do. Oh, and your next handhold. Is there. You dont have to go it alone. E trade gives you the support and guidance to make informed decisions. Are you type e . Im almost done. [ male announcer ] now you can pay your bill. Manage your appointments. [ dog barks ]. And check your connection status. Anytime, anywhere. [ dog growls ] oh. So youre protesting . Okay. [ male announcer ] introducing xfinity my account. Available on any device. Stuart after nearly 17 year as host of Comedy Centrals the daily show, jon stewart is leaving. I will miss him making fun of me. I disagree with the pope who do not like free market capitalism. I think free market capitalism is a great liberator. Youre going up against the pope youre going up against the pope on how to help the poor. President obama has just led us into a humiliating defeat. Who did we lose to . [laughter] sanity . I personally do not want my Spiritual Life mixed up with my political life. I go to church to save my soul. [laughter] then why arent you there right now . [laughter] stuart look, its funny. I have no problem with this whatsoever. No date has been set for stewarts departure. He was funny. He made fun of me. He found you funny. Yeah, he is funny. Jon stewart raised. Isnt that correct to an art form. He was really funny. I enjoyed it. One of the best hosts of the oscars as well. But the thing is, with his show, some critics are saying bill maher was better at bringing opposing viewpoints on the show. He had the judge on, but he should have had you on the show more. Stuart i was never asked. I dont know why. But he never asked me. Im heartbroken. All right. Were talking a lot about apple today. Tim cook billing the apple watch as a Health Device that you need. Up next, we have the app that monitors glucose, your glucose level. Well show you how it works after this. Stuart its a gonowhere day thus far. Maybe were waking to find out if the greeks get an extension of their loan deals with the germans. Well see. Apple hitting fresh highs this day. The market value of apple moving towards threequarters of a trillion dollars. 724 billion. Up a couple of billion in the last halfhour. Extraordinary stuff. Sha, would you buy at 124 a share . Yes. Ive liked it for a long time. Especially since the summer of 2014 when it was considered overbout there. Its doubled in price. Its still inexpensive. At this level, based on every metric you look at from the financial side of the equation, it is still inexpensive. Stuart at this level its cheap . Its inexpensive on a price earnings basis relative to the market. Inexpensive relative to its cash flow yield. Its a cash flow generating machine. It 33 billion last quarter, the end of december fiscal 20,151st quarter. Generated billions in cash flow from operations. Thats why its so high. 178 billion in cash. And counting. Sooner or later, theyre going to do something with that . They are making acquisitions. Theyre being shareholder friendly. Good for him. Its all good for the shareholders. Theyre doing it in a smart way. Theyre borrowing cheaper and buying back the shares. Brilliant. Its tax dedeductible. Stuart its brilliant. But what will you do with that much money sitting in cash . You can buy anybody. They can. And they may. Stuart at 120 a share, you would buy it . Absolutely. If you think its high here on a price level you can buy very inexpensive puts to cover yourself. Its a fantastic stock to own. You have to own this one. We hear you. Loud and clear. When the apple watch debuts. One of the first apps available on it will be this one. Its made by dex come. It monitors blood glucose levels. It relies on a tiny sensor embedded under your skin. It sends information to your watch every few minutes. Prevents getting pricked for a shot. I think youre in san diego, kevin. Welcome to the program. This is part of the healthconscious world in which wearing a Computing Device helps you monitor whats going on in your own body. I can see how your app is very important put about what i dont like is i have to have an insert under my skin permanently to get a reading on my glucose level. Go. Stuart, its not a permanent insert. . it is inserted with a very small needle. The needle is removed. The sensor left in your skin is about the width of your hair. Think cat whisker. That sensor is labeled to be worn for seven days. At seven days, you remove it and put the sensor into another site. Stuart hold on a second. Can you put the sensor in yourself or does it require a Doctors Office or something . No. Patients put it in themselves. In fact, Young Children put it in themselves. Its quite easy. Stuart that little sensor under your skin sends a signal to the app on the watch, and you get a glucose reading all the time . The way the system works right now theres a transmitter that attaches to the sensor. It sends it to a dexcom medical device. Thats how it works, yes. Stuart this is primarily aimed at diabetics isnt it. Yes. Thats our target market right now. Stuart the advantage is that i dont have to prick my finger to get a blood sample. Its just a sensor under the skin for a week at a time. Its huge. You get 288 readings a day with the sensor. A reading every five minutes. Compare that to sticking your finger 288 times. That would be painful. Sensors cost 70 a piece. Over 98 of insurance pairs covers glucose monitoring. Our patients are reimbursed for their sensors. Then theres the hardware system. The receiver that receives the signal. About 1,000. Again, all this is reimbursed. Stawvment thank you so much for joining us. We appreciate it. Thank you very much. Stuart look at oil for a moment please. Fortynine dollars per barrel. Down big yesterday. Down a few cents as of right now. Price of regular gas up. Three cents higher just overnight at 2. 21. Thats the National Average. Look at this. Huge overnight increases, were talking a spike here. Look in michigan. Up 17 cents overnight in jackson. Up 15 cents overnight in sag in a bay. . now orlando florida, 12 cents higher. Same in east st. Louis illinois up 10 cents overnight. Dan, i know youre an oil trader. Thats your business. Thats what you do. But come on down the food chain for a second and look at this situation from our point of view. It looks to us that thats a spike. That thats not justified by supply and demand or anything else. Thats a spike and its gouging. What is you . I agree with you 100 . I was home and i was paying 2. 09. Or 1. 99 for gas. The next day we had a 20 jump. I dont know how they come to the upside. Were not as low as the 42 level. But the market seems to jump a lot higher on the way up than it goes on the way down. Stuart dan, we had someone on the program earlier this morning who said the price of oil will drop below the old floor, which is 42, 43 a barrel. Where do you think its going . You know, thats quite possible. Weve seen the big inventory bill today for production. While slowing its still increasing. You may test that low level. I dont think it will go lower than that. We wont be seeing any big rallies in oil any time soon. Thank you so much for joining us. Much appreciated. Democrat congressman eelijah comings said if you want to feed your soul get a job in government. Really . After this. Im Nicole Petallides with your fox business brief. Take a look at the Dow Jones Industrial average. Down 42 points now at 17,824. S p 500 also pulling back a little bit. Down three points. 2065. The tech heavy nasdaq the best of the bunch. Thats up 13. Take a look at the names weighing on the Dow Jones Industrial average. Nike. Cocacola. At t. Cocacola still a winner. Nike had their price target lowered to 106 bucks. Viacom, jon stewart, and also mentioned that he is leaving after a 16year run. The stock under pressure today. Take a look stuart president obama singling out staples for cutting their employees hours to avoid obamacare. Listen to this. President obama have you looked at staples stocks lately or the compensation of the ceo is, but i suspect they can wellafford to treat their workers favorably and give them some basic financial security. If they cant, they should be willing to allow those workers to get the Affordable Care act without cutting wages. Shame on them. Stuart liz, is the president factually about what hes saying about staples . Hes saying shame on them. This has to do with obamacare. Staples said, it has nothing to do with obamacare. Weve had a policy for more than a decade where parttime workers arent supposed to be working beyond 25 hours a week, period. That has nothing to do with obamacare at all. Stuart the president is saying you dont want to control your costs. Just be good. Be nice. Thats what hes saying. Yes. Hes also saying the businesses should, quote, do the right thing by providing sickleave and health insurance. But at the same time hes saying, its one thing to have momandpop stores who cant afford sickleave, youve raised their tax rates and loaded all the requirements on them mr. President. The hes trying to. Hes unplugged. Going to websites like buzzfeed to get an inflammatory message across thats flatout wrong. Stuart now, listen to this. Elijah cummings. Democrat. Maryland. He told Treasury Department employees that people leave the private sector and take government jobs to, quote, feed their souls. Lets feed our souls with a visit from dr. Keith ablow. What do you make of that . You save your soul by working for the government. What do you say . Listen, i think that people follow their hearts in all kinds of ways. And this presumption you cant be doing that when you build a business. Or you cant be doing that when you become an entrepreneur or when you work for a company that is a startup or work for a Company Looking to make a profit. This isnt soulful work is damaging to people who hold those positions and hold them dear. I dont think you have to be a Government Employee to be a good person. I guess the congressman does. Stuart i was dying to try this one on you. 35 billion was spent on organic food in 2014. Demand is pretty strong for organic food. Farmers cant keep up. Are we too consumed with eating organic . What do you think . As you look at the data, i cant say the data is completely convincing that youre making yourself healthier by eating organic food. Probably. Even the argument doesnt necessarily hold sway with me. The idea that the cows arent given antibiotics, if im going to drink milk from a cow, i might want him to be treated with antibiotics. I dont know how the chips fall on that equation. I know people have an emotional attachment by doing so. Im not sure this is the best thing they can do to be healthier. Stuart were two for two. Im with you all the way. Number three. This could be tough. Stuart yeah. The chicago Little League team stripped from the title. It was cheating by bringing in players from neighboring districts by trying to make a super team. What do you think about them bending the rules to win . I think its horrible. These are crucibles for learning for kids. Bending the rules says there are no rules. It tells them, they dont have to strive harder to win. You can find it in yourself to compete and win. But you have to use the resources at hand. This is through the Lance Armstrong of Little Leagues. If well have those sporting events, call it tour delance and lets get going. Im in agreement with it. Three in a row. . i dont even feel comfortable agreeing with you three out of three. I may revisit these stories later and find out if i missed something. Stuart good. Watch the tape. I may be in a diabetic coma after this one. Well see you again soon. Being called one of the most brazen hack attack yet. Chinese hackers hacking forbes website to infiltrate computers in the country. We have the story for you after this. Tothis. 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Liz, what is this all about . Apparently last fall, they broke in. When you click on the Forbes Magazine website, theres an opening page. Thought for a day. Oh, its a nice opening page. They targeted it by planting through that link malware on your computer. So if you dont thing this thing out, theyre alleged to be in china. They could be watching what youre reading and what youre looking at on the internet. They cleaned it up, i think. They cleaned it up, but that doesnt mean the malware is not on your computer. Forbes is a big news organization. I was an editor there. So its pretty interesting that the hackers are now going after news organizations because of the big readership. Stuart there isnt a day that goes by without a big hack story. In 2008, Hillary Clinton makes comments about coming under sniper fire during a visit to bosnia. Listen to this. I remember landing under sniper fire. There was supposed to be some kind of a greeting ceremony at the airport but we ran with our heads down to get to the vehicles to get to our base. However, video of your arrival. Tells a different story. She was greeted by journalists. She walked calmly across the runway. No sign of sniper fire. Later, she said she had misspoke when she first told the story. Liz, does Hillary Clinton, bearing in mind the problems of Brian Williams and the embellishment of stories, does Hillary Clinton now have a problem going into the campaign of 2016. Yes. Immediately her story connects to the Brian Williams story. Brian williams said what he said during a newscast. His apology came during a newscast. Whats interesting about the Hillary Clinton story, the comedian sinbad was traveling with hillary. He was the one that reevolved. We were not under sniper fire. The only red phone call we got was what restaurant will we get at. She got a pass. She wanted to be at the center of the action. She wanted to be a politician right in the thick of things. Yeah. Stuart that wasnt truthful. She embellished. She was caught. Nothing happened. There was a blip. Now its coming up. Both Brian Williams and Hillary Clinton tried to paint themselves as combat war veterans when they didnt need to. Stuart yeah. I can understand how one would get into that situation. When you discover its the kiss of death for your credibility, youve lost it. You have to stop talking at some point. When you say 10,000 words a day youll Say Something that will trip yourself up. Is that my cue to be quiet . The dow industrial average is down 16 points. Theres all this dismal news in the world. The dow is still at 17,807. More varney after this. Stuart launched president electric guitar into the rock n roll scene. It was the one he wanted on his commercials. For the listerine commercials. Heres the first guitar prototype that he used. And then put it to the public on television. Black and white. You can see his fingers flying over this finger board. Plaqueblack piano finish. They launched the electric guitar into the rock n roll world. I have time for this update from liz on staples and the president. Staples is coming out saying the president totally has the story wrong. Saying that employees, like we said, more than a decade old. Previous before the Affordable Care act. Stuart the president said staples was cutting the hours of employees so that they could avoid obamacare costs. Yeah. Stuart staples said thats nonsense. Weve had that policy in place for decades. Theyre saying that it dates back a long time. The president its unfortunate, hes attacking a company that is a big employer and a big taxpayer. Stuart here is dierdre bolton. Thank you very much. Big brand decisions for Comedy Central and nbc. Our media experts will tell you what they see as next steps. And speaking of media the 40 billiondollar nba striking deals in north america and asia. The coo and Deputy Commissioner is our guest for allstar week. And apple hitting new records. The Biggest Company in the world crossing the 700 billiondollar stock mark in value. Well comedy fans shocked last night when jon stewart announced he was stepping down from the show. He gave fans a hint of what he will do after his 16 years behind the desk. I dont have any specific plans. Got a lot of ideas. I got a lot of things in my