Transcripts For FBC Varney Company 20150217

Varney and company is about to begin. Nothing we do right now seems to be directed at stopping by this. We cannot win this war by killing them. We cannot kill our way out of this war. We need in the medium and longer term to go after the root causes that lead people to join these groups whether it is lack of opportunity for jobs 50 lifetimes there will always be poor people, there will always be poor muslims. We can work with countries around the world to improve their governance helped him build their economies so they can have Job Opportunities for these people. Stuart that was spokesperson for the state department speaking to Chris Matthews. She says we cant kill our way and out of our war with isis. We need to give them jobs and better governance. Remember who she is talking about, isis, the terrorists who marched 21 Coptic Christians through the desert, be headed then invoked president obamas terminology referring to them as crusaders. What a job opportunity end the beatings . Former navy seal jonathan golem is here. You have been in the field. When you are out in the field your up against the bad guys and you hear this kind of thing from our state department. What goes through your mind . That is like betty white giving mike tyson boxing advice. It just doesnt work. You cant go into a war with the feeling that killing is going to solve this. That is what war is about. She is right there needs to be Different Levels of plants but it is not book bags and afterschool programs that will fix it. Stuart i am just wondering what does this look like to the tough guys overs theyre looking at us and how we present ourselves to the world . It looks hopeless. You cant go in and throw a few booths on the ground or a few bombs at something, there has to be a plan. This is a financial show. I will associate is that. You cant just say i want to invest in stocks and just go buy stocks, you will lose everything you have. You have to have people who know what to buy, how to invest and follow their lead. Stuart this is a Financial Program and we are in the business of pointing out risk to investors. I think what she said and other things that have come out of administration to some degree encourages the view that we are weak and encourages others to take advantage of our weakness presenting a significant threat to americans here at home. You couldnt be more right. When dennis used to is very liberal is taking a stance against her and a lot of the things she says what you are seeing now and i have been seeing this for quite some time we need to stop looking at liberal and conservative and start looking at effective and incompetent. That is how we have to pick leaders and figure out who to listen to in order to plan this. Stuart you fired a gun in danger. You are a military guy, former navy seal. Would you flat out right now go and attack them with everything you got . What i would do first and foremost is get a coalition of westernize countries and say to these islamic countries you need to doing that, assemble the coalition. We dont have a collision. We need a real coalition, we need france, canada australia, all these places that have been attacked need to realize we need to take the fight to them but we cant just say jordan is angry, egypt is angry, we have to tell these islamic countries if you dont fix the problem we are going to give you this amount of time like a contract in business, if you dont fix it by this time we will come in and fix it for you. Stuart thanks for joining us. Appreciate it. Lou dobbs joins us in the next hour, we will get more about give them a job and everything and we will be okay. Back to your money we are starting the week on wall street three day weekend, down 50 points almost exactly on the big board, stocks are down today but still within shouting distance of the alltime high for the Dow Jones Industrials, fox business contributor anthony skullamocha is with us. The world is on fire the economy is slowing down, europe is the mess and we have not massive debt but the dow is at record highs. How do you explain that . The excess of the Federal Reserve Monetary Policy. Stuart the Federal Reserve. I think it is the Federal Reserve over all things. We study lot of things fundamentals, earnings, share repurchases, a dividend increases but at the end of the day with zero Interest Rates there is no where else for the money to go. When you think of tactical Asset Allocation plants from the big institutions that have to have money in equities and a lot of highyielding equities. We will talk about apple a little later and even apple has a 150 yield, 700 billion market gap, treasury at 210 today. Stuart what do you make of this argument . That is the rich who have benefited from this new tripling of the dow in the last six years . And most people barely getting by, 49 say just getting by, barely paying their bills. What do you say to that view . That a stock market rally does not trickledown to the middle class . It would have if you have physical response from the federal government. This is the first time the president put a budget in place and said the gunman the congress on time. He had five years operating the federal government on continuing resolution. You only had one leg of most working the Federal Reserve Monetary Policy, fiscal and Regulatory Reform, you would have unleashed job growth in the private sector. You didnt get that so right now what you had is that reserve Monetary Policy has created these side effects which freed the social fabric of society and it is lowering wages effectively because real wages have not grown and people had assets benefiting from asset inflation strategy for the Federal Reserve. Stuart let me get to some individual stocks. And to start with apple another record territory moved again it touched 129 earlier. A self driving pushed the stock up, there was the forecast hitting 150 a share. And another forecasts 19 million i watches. We learned from the wall street journal apple is going to order, 5 to 6 million of these i watches from a station supplies for the First Quarter alone. It is at 128. 23, not sure of the Capital Market value but it is way up. Big jump in profit of good year after onetime tax credit and strong forecast up 82 . Oil holding above 50 a barrel barely, down 1. 60 today, 51. 18, gasoline dead flat up a fraction still at 225 barely, down 1. 60 today, 51. 18 is the price, gasoline dead flat up a fraction still at 225 National Average and that is the 0. 18 a gallon higher than it was a month ago. We are down to just idaho, utah and montana where the state averages below 2 a gallon. Cheap gas in the land 1. 64 at the sinclair station in idaho falls, idaho. A federal judge in texas temporarily blocks president obamas immigration orders, amnesty for youngsters brought here, and on cold. The white house responded to the judges decisions, it wrongly presents these lawful commonsense policies from taking effect and will appeal that decision. And we will ask judge Andrew Napolitano later this hour. The weather, snow across swath of the country today, the worst in the northeast, Lauren Simonetti is going to tell us how bad it is and stop laughing, fla. Much of the country including the nations capital. Folks in washington d. C. Woke up this morning, they uncovered snowplows at work. And a winter storm warning is in effect until noon and up north boston digging itself out. Another few inches may fall again today, bostons mayor says the city has blown its snow removal budget for the year and is asking City Residents to pitch in and help out. An unusual ad, a popup message greeting due to this ridiculously stupid whether you are invited to visit the florida keys this week. Please come back when things fall of thought out. How rare to see one city encouraging so residents to visit somewhere else but when the weather is warmer theres a 70 degree difference between key west and right here. Stuart i will take that. Thank you very much. Bill clintons personal relationship with a convicted sex offender could hurt hillarys 2016 president ial run. That was a new york pf ot headline. What does clinton insider doug schoen thin habout that . Oin you cant predict the market. But at t. Rowe price weve helped guide our clients through good times and bad. Our experienced investment professionals are one reason over 85 of our mutual funds beat their 10year lipper averages. So in a variety of markets 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. Stuart Tuesday Morning opening up after a three day we can down 50 points. How about the price of gold . Where are we now . Down na 0 an ounce lower, barely holding at the 1, off0 per ounce level. Look at apple again. We tal habout apple lot on this program and here is why. The most Influential Company in our lives right now. Have you used an apple product today . One was the last time you did not use an apple product . The sere getting into the electric car business the i watch coming out soon. Are you going to buy the stoc h and the one dollar and 0. 20 . If you look at it from a security analytical perspective stocks are relatively inexpensive, 180 billion cash on the balance sheet. Stuart 180 billion now. Stuart it was 170. They keep a growing cash. off0 billion revenue for off14. If you at microsoft and to blacks market kept together equals apple. These guys are the war horse in tech. Point out to our viewers in the back and out of the s p 500 the Earnings Growth for the s p is only 1. 8 . They are the juggernaut still trading f perrly cheaply, they catue3 buy back stocks, increase their dividends and if execute properly on what you will be 1 trillion market cat. Is a crazy number but it is. I ss in the mor respect that but what about the personal side of this . T o you go ttuaough any given day without ever touching an apple product . A lot of us dont. Think about ionl w pert till the what comes and, they are tied into the phone, woviding on stuff for the home as we both know and if we figure this out if we have immovable computerwarnown as a car, they will not tesla out of it. Stuart movable computer. The journal is saying the i wa buhed, they ordered from asian manufacturers five to 6 million of them just for the First Quarter, 13 weeks when they go on sale. We have had prototypes on show. Go we have to look at that watch. There are a number of watches, a more elegant version, and mickey mouse watch coming out as well but all of these watches have it is basically google glass on your d toisonl that is the point at tim cook made the watch is something everyone has been wearing for rndre b of years integrated nicely. Stuart you would buy it at 128. Go the smart money is in this. You would have looked at that and said no way. It is likely given the fact that 20 of the mavidet cap is in cash. Bill clintons past in Hillary Clintons future. T oug schoeion bill clinton has association with Jeffrey Epstein a convicted sex offender. They spent time together, they are seen together in the last couple years. Does that rebound and hurt hillary . At this point i would say no. At this point there has been no evidence bill r. Anything but fly around with Jeffrey Epstein 10 or 11 times and there have been no allegations of anything beyond that in the absence of evidencegoin3 i would say again no real impact yet. Stuart its unfortunate gossip. It is gossip ended his guilt by association and the rest of it but it is not what hillary wants right now. That is for sure. She doe wot want act talk about her husbands personal life. Is obviously at this fraction but at this point only a distraction. Stuart buy here we have reported that part of her camp pergn are in disarray. A lot of infighting going on. Maybe this is tereical for early st anes of the campaign but what is your judgment . I have spent the better part of 40 years doing campaig . Adr absolutely right. In the early stages of a camp pernd there is in finding. In this case between the hillary loyalists and the newcomers from the Obama Campaign but what i alsowarnow about hillar ses campaign and bill clintons campaign, having been there, as they are really rife with fighting and candidly i say that as the 2008 election myself because i didnt want to sub0 ct myself to the constant backandforth battleing and floodinip stuart you have been critical of the Obama Administration, do you think you would be invited to join hillanss camp pernd . As someone who calls as pcs it she could be a much better presidenonl much tougher potentially more effective domestically but that remains to be seen. We will see what her agenda will be, but i will be sitting out the campaign and hopefully appearing with u. S. Frequently as you will have me. Stuart got to get your reaction to what state dwill hartment spokesperson mary off said last night. I am going to roll the tape and i want your comadent. We won gos win this war by telling them. We cannot kill our way out of this war. Stuart that was the very short one. I wanted to go on. I couldnt dis anree more. We have to kill them. Lets be clear. These are brutal, brutal assassins be heading people. Killing pthemple in the name of islam. Based on their religion. There have been terrorist incidents around the world that are linked directly to them, they metastasized ttuaoughout the n,iddle east to libya, now to potentially africa, to nigeria and chad ttuaough bat we have towarill them pure and simple. Stuart i was reacting with shock to the idea that give them a job and they will stop be heading. I couldnt believe that. That is just ridiculous. Stuart it is ridiculous and i was shocked when i heard her say that. This is the state dwill haren. En. I s representative, spokesperson for the United States state department. I was shocked at that. I saw the president of the United States did not declare war without limitation geographically or on a time basis we have to kill thlast we need a broad strategy we need congressional approval, we need a Strategy First to get a maoad national and inteed a ational conse . Us. Stuart maybe you will be part of hillar ses camp pernd you never | wenow. Go i doubt it. I will be with you, that is for sure. Stuart a train carnsing that oil der perled in western kenya, grease into flames potentially contaminated the lat unfpply. Look at those flames. More on that next. Oin the world is filled with air. But for people with copd sometimes breathing air can be difficult. If you have copd, ask your doctor about oncedaily anoro ellipta. It helps people with copd breathe better for a full 24hours. Anoro ellipta is the first fdaapproved product containing two longacting bronchodilators in one inhaler. 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Stuart big day, ubs says cablevision stock, not sure of the reasoning behind it but it is a powerful get out and sell it, down nearly 5 . Waste management, cost cuts and share buybacks boosting its bottom line to the new 52 week high up nearly 5 . The train carrying crude oil which derails in west regina, the video is extraordinary, more than one hundred tankers jumped the tracks, one ran into the river. It spread to the house. Csx find the train. Interesting article in the New York Times today dealing with income inequality, conventional wisdom, the rich getting richer income inequality getting worse here comes the times with numbers from two wellknown universities which say it is lower rates, the wealthiest people, the top 1 who lost more in income than any other group during and after the crash. The top 1 , their income came down 20 from 2007 to 2013. The bottom 90 came down just 13 . That is interesting. That flies in the face of conventional wisdom. Is interesting but what is left out of the article is that 1third of the assets in the u. S. Equity market is controlled by the top 1 . Stuart that is not income. You and i buy stock and sit on it. We could change the vernacular theres a wealth divide happening in the country as opposed to income divide. At the end of the day the bottom group 60 unfortunately getting ball of the medicaid, medicare transfers, and when you lower Interest Rates to where they have now, and the last thing we are doing is theyre all confused on tax and healthcare policies and that is where jobs come from. All of that from fiscal and social policy perspective this will get worse and worse. Is the Obama Administrations fault, the real about it but it is their fault. They need it worse. Stuart i have one more statistic, the top 1 10,000th the megawealthy. This came down from 39 million apiece in 2007 to 29 million in 13. That is not what we were led to believe. Stuart conventional wisdom is the rich are getting richer but in fact they are not getting richer, they are suffering more than any other group in terms of income. Is a relative thing. Stuart no one will get much sympathy the 4 people from 39 million to 29 million. If there are simple things we can put in place to narrow the gap. Stuart give me a Growth Program 5 growth. Tax reform Regulatory Reform health reform. 23 months ago. Just the luxury car lease at this point. Stuart a federal judge delivers a blow to president obamas immigration plan. Temple rarely delaying amnesty for millions. All rise, our judge and what he has to say about that. 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. Stuart getting close to going back to 18,000. Taking a look at american express. And next was dropped by cosco. Now dropped by jetblue. Take a look at stake shack please. It is down below 40 a share. Here are some of the pictures. We will leave it at that, judge. I said cool. Big ones hanging on the roof. Finally, a photo from new jersey. I know there are a few ladies. I think those delays and cancellations will ripple all across the country. We are laughing right back, stuart. There are some 1364th delays. Largely, this is a problem. Laguardia, 103. Laguardia always has cancellations, it seems. Really easy getting around washington d. C. Getting to and from the district of columbia, not that much of a problem. Stuart a day off because 3 inches of snow. Is that true . Is that accurate . 3 inches. It may be a little less. Thank you very much. A federal judge temporarily blocks president obamas immigration. The amnesty is on hold. Look at who is here. Judge the palatine hill. This is a rare business. Rare for a single judge to stop the president from doing what he wants to do. In other words last night, a federal judge signed an order. Doing what immigration and forcing the amnesty. When a judge says that the president is wrong, the statute is unconstitutional. Stuart it goes to an Appeals Court. Yes. It sits in new orleans and houston. Stuart you think that the Appeals Court will pack up the original. They will agree. I think the Appeals Court will agree or will beside not to interfere. Stuart the amnesty is on hold. Probably forever. President obama has fewer thin two years remaining in office. This is a preliminary injunction. There has been no trial. No review of evidence. They are making their argument orally and in writing. A judge deciding who will probably win. He said the fed will probably lose and there is probably a reparable harm to the states. I will stop this from happening and i will stop it right now. Stuart it does not look good for the amnesty program. No. It does not. Stuart hold on a second. If you fastforward to june, the Supreme Court could rule. You have two huge areas. Immigration and obamacare. They have been hit hard by the courts. Devastating. Stuart judge napolitano. Thank you very much, indeed. Amazon. Effectively killing the delivery drone industry. Coming up, we have two drones onset. We will tell you why amazon might be right. I am adam shapiro on the floor of the new york Stock Exchange. Earlier losses this morning. Trading below its close. Home depot, exxon mobil and microsoft. Gaining tremendously today. Fannie mae reported that hank riesenberg will actually have a positive impact on fannie mae stocks. 76 million shares. Apple. A market capitalization. Up 50 billion almost one week. Apple hitting new alltime highs today. 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. You just got a big bump in miles. So this is a great opportunity for an upgrade. Sound good . Great. Because youre not you youre a whole airline. And its not a ticket youre upgrading its your entire operations, from domestic to international. Which means you need help from a whole team of advisors. From workforce strategies to Tech Solutions and a thousand other things. So you call pwc. The right people to get the extraordinary done. Stuart the government plans to require all commercial drones to be flown within sight. You cannot lose sight of them. You have to be able to see them. Good news here. He has a pretty good story to tell. First of all congratulations. If the government says you are operating a commercial drones, you can not let it get out of your sight. It basically does you no good. You can see there is a small camera they are hooked to a transmitter here. This will send a video image to those goggles. That is what the drone is seeing. Camera from the drone is being panned around the studio. If that drone is up in the air i can see what the drone is seeing. The drone would be out of the line of sight. This probably is not the system. Stuart hold on. You build this thing. You operate these things. You are already able to launch your drone. I have been spying on you for months. Stuart anyway. For a sophisticated they like that. These tend to be a little warmer to. Slightly bigger. Slightly more advanced. This tablet is looking like google maps. If you go to editor here, i can then click that and i can draw lines. Hit a button. Flight that they should. This is amazons plan. Stuart okay. You are on the ground. You have this tablet. It sends back video to you which you can see in real time. The government says it is already out of sight. You cant even do this. Go ahead and touch that. A 3d fix right now. Not all the bugs were worked out yet. That one was closer to 1000. Stuart that is extraordinary. This is my hobby. This is what i like to do. I kind of cannibalized it. That one is much more advanced. Stuart you have shot video your self from the drone. The go pro camera will fit right in that flap right there. Stuart a mile away, you can do that. We are out of time. That is fascinating. The military could go for smaller drones. It could definitely be stuart if you were to launch that thing, could you make that they come crashing right at me . Okay. I have breaking news for you. This happened literally moments ago by Vice President biden. The fourth secretary of defense under president obama in four years. Day one of the three day white house terrorist summit. 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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 our tastes are changing. The Big Food Companies are scrambling to play catchup. Lauren simonetti. You have looked at this. This is affecting 250 products. They are taking out the artificial vanilla. They are replacing it with natural stuff. This is what the customers are demanding. Stuart youngsters that say i do not want artificial. Nestle has to get out front and say we do not have it in our stuff. Yup. Campbell has the new v8 juice. No artificial ingredients. I could keep going. Stuart with you by like a craft, for example . They have to make this ad that patient to survive. Hershey. Tootsie roll. I do believe that you will catch acer and demographic. More natural stuff in their food. Candy, though, and my opinion are big winners in our society. These are still good names here. Stuart okay. Baby ruth. Not sure if they will taste takes ackley the same. Companies spent years perfecting the recipes to make them taste as close to the original recipes, if you will. Millennials view them as having all of this marketing and negotiating power. They are demanding that they use that power to bring in the natural stuff. Stuart fascinating. That is from demand up. They take pictures of ingredients. I have seen it done. Stuart not sure i should admit that. Do not kill them. Give them jobs. We are not making it up. Maybe we should not be surprised. We are living under a bus speed president. The second hour is two minutes away. I dont know what i should do next. Do what everybody else does. Start a business. Build yourself a website. Welcome to t. O. s humble pies. With wix. Com. Lets party . We make it easy to create your own allpro website. 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Give them a job and maybe they will not cut your head off. A nicer government and perhaps the terror will and. I think that is naive and the extreme. We could pass this off as merely silly if we lived in less dangerous times. Depraved islamic Terror Threat and the world. Mindless talking points. Our president takes faces in a manner. That is very dangerous. We do not have to be warlike. It will not defeat the enemy. We do have to be adults, firm, commented. Most importantly identified the enemy. You do that, you can leave. You can organize. You can win. Stuart do this hour. The threeday terror summit gets under way soon. Do not call it that. Vice President Biden will get things underway in about 15 minutes. We will be listening very closely to his comments. If he says something noteworthy, we will bring it to you. We cannot win this war by killing. We need to go after the root causes that leads people to join these groups. Work with countries around the world. We can help them build their economies. Stuart yes. He is here. Lou dobbs. Host of lou dobbs tonight. The booking unit. Out of its mind. He was the interviewer. It is stunning to me. She is contradicting the president of the United States. Her boss. Saying you cannot kill an enemy in a war. Talking about degrading and destroying the islamic state. So many possibilities. It is almost impossible to catalog. After watching this administration behaves, the suggestion they would be involved is the ultimate irony. Stuart where are we going from here . The president seems to be walking away from a mortal threat to all americans. He has put it on the back burner. Stuart, i think you are putting your finger on exactly the issue here. The liberal news organizations in the country. They will not come to terms with the fact that this president is of age. Praying that no one notices that he does not talk about terror. Does not talk about radical islam. It is extraordinary. He is taking a big risk. If there is an isis related terror incident, he loses any political credibility whatsoever. He has lost his political credibility already, stuart. He has been under water for years. No one even talks about the United States having respect around the world because the answer is absolutely not. Hope you can stay with us for a couple more minutes. Check the big board. Coming back after a threeday weekend. Virtually no movement on the dow. Apple. There is a bright spot for you. Record territory. Ordering up five6 million apple watches this spring. Apple has gone to 128. Olio moving lower. 51. 60. The price of gas is pretty much flat. We are down 1. 10 from where regular was a year ago. The streets on gas prices continues. By the way, idaho, utah, montana. The only ones left in the 2 club. It was two states a moment ago. New jersey, 1. 99 a gallon. Stuart maybe i should move. I am staying on gas prices. We are up 0. 18 in a month. You are pretty good at forecasting these things. Will we go from here . Not so fast. Hold to her horses. Ultimately, it is all about the economy, stuart. We have more alternatives. I do not see it taking off from here whatsoever. I think the economy will answer everyones questions. Stuart you have been right before. You are probably right again scott. A judge will rule against president obamas immigration. Here is what judge napolitano had to say about this in the last halfhour. It will take longer than two years to work through the courts. This is a preliminary injunction. There is just the challengers. They are making their argument. The government taking its argument. The judge deciding who will probably when. Stuart his bottom line was this thing is dead in the water. There is no amnesty coming. I think he is probably right. Our judiciary and this country right now is willfully administrative and highly politicized. We are looking at a fivefour court on nearly every issue. The injunction did more time. It buys them more time to present their arguments. It could be dead in the water. If amnesty is dead in the water you have the two major planks of president obamas eight years in office this large. That would be a scary thing. It would not be surprising in the least. Stuart lots of big headlines today. Here is Lauren Simonetti. Good to see you again. A massive fireball lights up the sky. A trained derails in West Virginia yesterday. The surrounding area and nearby residents have been forced to evacuate. Two counties now being told to preserve their water. The dispute has presented billions of dollars of cargo from transporting through. This is why drivers need to take extra caution on the roads today. A news crew captioned and suv spinning out of control and taking another car out. Just soak that car out. Really startling to see Something Like that. Stuart hood video. All right. A report from the New York Times. It turns out iraq did have some weapons of mass distraction. Judy miller on that at 12 35 p. M. This program. Here comes the i watch. Can you go and entire day without using an apple product . Not many can. If others see the video to of miley cyrus. Make sure you tune in to the new show strange inheritance. 9 00 p. M. Eastern. Check this one out. They are prewar. Very rare cars. They started limiting construction. Making plans for a oneday auction right here on the salvage lot. Word begins to spread. Not altogether a good thing. Stuart Vice President biden. Not calling it islamic terrorism. Why are they not calling it they are in touch with Law Enforcement. You are ignoring it. You are underestimating it. It also helps give moderate moslems to act. It is apocalyptic. They seek to do ethnic cleansing. Stuart three days discussion social work. Call it what it is. This is a fresh group. Largely ineffective. Stuart have you been talking to Law Enforcement people . It is separate from our qaeda. They do seek to kill. They will, the apocalypse and the day of judgment. Rome is key to the apocalypse vision. We have been all over this one. On the very same day president obama recorded a video promoting obamacare. We were not the only ones outraged. The wall street journal calling him the proceed president. Out today in the wall street journal. Will the world take this president seriously . This is the president stuart he takes himself very seriously. He was clearly enjoying this moment. You have to watch the whole video. These 90 seconds spots will take a good hour to produce. Hours after the murder is confirmed, this is what he chooses to spend his time doing. Calling attention to what was then the impending obamacare enrollment deadline. A way of calling attention to himself. Very cool, very chill and very connected. 45 million views. This has been stuart let me ask you a personal question. What was your First Response . I found it appalling. We are living in a world of mounting global disorder. It is not the 21 christians being beheaded. The ceasefire in ukraine is falling apart. You have thousands of ukrainian troops. Now you have a president that says i will spend an hour of my day hamming it up. It was a very successful outreach. If you are going to try to get twentysomethings to act like grownups, it you are probably not going to succeed. Stuart you solve the root cause of terror by giving them a job. Everywhere you go around the world. People have a sense. Serious people have cents that you have an administration that has seriously check out. Just an alibi for doing as little as he simply possible and getting away with it. Getting away with it politically. This is a president whose policy is to be as an act if as possible while making videos like this. You cannot count on the United States. You cannot count on this president. You have a president that says we should not be over at a to terrorism. It comes back to europe or the United States. A hearted challenge that you got there. The dow industrials, i will say pretty much dead flat today. 18,000. We are not going far today. Dangerous Road Conditions across the country. Suv spinning out losing control. The deep freeze almost had us. More snow falling. Janice deans snow forecast is next. Know that chasing performance can mean lower returns and fewer choices in retirement. Know that proper allocation could help increase returns so you can enjoy that second home sooner. Know the right Financial Planning can help you save for college and retirement. Know where you stand with pnc total insight. A new investing and Banking Experience with personalized guidance and online tools. Visit a branch, call or go online today. 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. 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. Stuart thursday is a car crash. It has nothing to do with the weather. A 92yearold man trying to pull out of a parking lot. Nobody hurt. The elderly driver was not hurt. The west Compton Department of voter vehicles is reviewing the case. Lets get that to the weather shall we. Here is a time lapse video of the snow in d. C. Last night. It shut the city down. Janice dean. Stop laughing. You will tell us the weather forecast. I cannot believe that man drove away after hitting all those cars. Stuart she was 92. Okay. Lets move along. Look at the snow. Over 1 foot. Dac 5. 3 inches which did shut down the city. More storms in the region. Snow moving out towards carolina. This is the storm system that brought over 5 inches. There is austin, stuart. By the end of this week, i bet they will be at the second snowiest season. A quick click clipper system that will move through. The other big story is the deep freeze that we continue to feel across much of the country. Twentytwo in new york. Fifteen and boston with the windchill. Look at thursday mornings lowes. These are actual air temperatures, not windchill. Minus eight in chicago. We will beat some records here. We stay in this pattern. The west, try and warm. The rest of the country is still in a deep freeze. We will also see more jackpot snow totals. Back to you. I am done. Thank you very much janice. It looks like iraq did have weapons of mass distraction after all. The cia secretly bought them. More on that next. [ female announcer ] who are we . We are the thinkers. The job jugglers. The up allnighters. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can say, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. And industrial averages 18,016, maybe in the next couple minutes, buy something and we will go positive. Thank you very much indeed. Look at the power of varney and company. Oil moving lower still above 50 a barrel, 51. 72. Cheapest gas in the land 1. 64 at sinclair station in idaho falls, idaho. The wall street journal reports it will argue 6 million i watches from its asian suppliers, we talk about apple for good reason, the most Influential Company in our lives, that is true all around the world. Can you personally go an entire day without using any apple products . We ask you that and heres what you said. Cindy, no. I lost power and im looking for a way to charge up all the devices. Linda says no, it keeps this old person informed. Have the weather and traffic updates, some might gps can keep in touch with friends, never forget a birthday, and with you on this, many of you do not think so high of apple. One of our viewers says i have lived without an apple product my entire 44 years and i am sure i can live a few years without the overhead overpriced and overrated projects. I disagree on all the above counts. Why dont we bring in a big apple ball Michael Robinson has been recommending you buy this thing for years and years and years but let me ask you this question. I know the answer. You cannot possibly go in entire day without using an apple product, can you . I have my iphone, sitting here on the desk here in studio i have my eye and i phone, i cannot. Stuart you always say keep buying apple. I have never known you to say sell some of the o wait for a while. I want to know, at what price is apples stock, what price does it have to achieve to achieve market value of 1 trillion . Roughly 170 a share. Stuart do you think it will go to 170 a share . Yes i do. I dont know if it will do that in the next 18 months. By labor day 2016, 170 there are a lot of stocks without the same value proposition, the same global tech ecosystem, companies that dont have the margin selling at substantially higher than 170 a share. That is justified. Stuart how big a deal is the i watch. We got a report that they are going to order up 6 million of them for sale in the First Quarter that they go on sale. One analyst is saying they will sell 19 million of these in the first year. How big a deal is the i watch caps stock price in the future . It could be substantial catalyst. On the low end of the projection i am a little conservative on the first year for the i watch. Morgan stanley has 30 Million Units in the first year, the average is 19 million as you just mentioned. I am projecting 15 million the first year. This first run of 5 to 6 million they want to have built by the end of the First Quarter is a pretty aggressive run rate. That would imply 15 million this year. It is a game change everywhere apple Tech Industry and it will shake the watch market, 1 billion watches all around the world, apple has the huge market. Stuart for several years you come on the show and you can buy it. You never said sell. And you will close out the day by saying buy some more on it. My biggest regret is every time i said i should buy more at some point i stopped buying. I still have an open by when again i dont think it is going to be a problem to get to 142. 85. There is still plenty of upside. Stuart my biggest regret is likely to young daughters told me to buy apple when it was at 57 a share ten years ago and i ignored him. I bought microsoft instead. Michael armstrong a have got to move on here. The big headline for you, but you wouldnt know it because the New York Times buried in yesterdays keeper. During the operation of iraq the c i a purchase and destroyed chemical weapons from a secret iraqi seller. And terrorists would not get a hand on them. Judy miller joins us now. You brought this to our attention. We would have missed it. Everyone would have missed it. On the New York Times stuart we were told they didnt have weapons of mass destruction. This turns the story around. So did the earlier report by the same report which did appear on the front page last year but moved along, the amazing thing about these weapons is there were 400 purchased from a single supplier. We dont know how much was paid or the supplier was or how he got them, we dont know where the others are. We know that the iraqis were said to have made, reported to the u. N. They made 18,000 of these weapons we purchase 400 in this secret cia program. Stuart the with sarin gas. One of the most potent nerve agents known to man and the purity of them was much higher than expected. Normally you would have 4 to 8 youre ready if something had been on the ground or hidden for so many years but this purity in one instance was up to 25 and 10 in some of these. Stuart these weapons were found and bought by the cia in 2005, 2006. I love the name, operation address. Stuart why didnt the Bush Administration make this known . They were heavily criticized for invading iraq and there no weapons of mass destruction and then they found them. Karl rove reports that he advised the president to move away, that the intelligence fiasco missed telling the American People we were going to find sophisticated wm ds as opposed to the kind that would kill mass people that was a terrible political, he should move away from that issue and karl rove now says that was the biggest mistake he made during his time in the white house. Stuart remembered the cult, the ones who planted sarin gas in the tokyo subway system . They did. Many people were killed and many more were wounded. This was a really potent weapon and had the iraqis used it or given it to terrorists who could use it, many people stuart Saddam Hussein used in iran and the kurds. He didnt use certain that we know of. It was part of lower reason president bush cited for war and that was accurate and so too was iraqs failure to account for what they claimed was the destruction of weapons. Liz everyone stuart they were right all along. They were there. Thank you for bringing this to us. Thank you. The Obama Administration facing criticism for using some young faces as spokespeople. Is that criticism justified . What does it mean to have an unlimited Mileage Warranty on a certified preowned rcedesbenz . What does it mean to drive far as you want. For up to three years. And be covered . It means your odometer. Is there to record. The memories. During the mercedesbenz certified preowned sales event now through march 2nd, youll get complimentary prepaid maintenance and receive your first two months payments on us. Only at your authorized mercedesbenz dealer. 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. I am adam shapiro at the Stock Exchange markets were in positive territory and in ago, we have fallen into the red zone. Keep an eye on the s p 500. It matchsticks high 2,097 two minutes ago, we could go back into positive territory. One of the stocks gaining tremendously fannie mae, up 16 after Charlie Gasparino from the Fox Business Network reported there could be favorable outcomes in the loss against the aig bailout, in english it means good things for fannie mae stockholders, investors sign into that stock today. Go pro up tremendously 8. 7 76 million shares coming out of the lockup, and several analysts raising their price target for the stock saying they would like to see around 70. More varney and Company Coming up. Stuart the s and p 500 has hit moments ago, fresh alltime high. Which stock leads the s and p . It is not apple. It is waste management. Cost cuts, share buybacks giving the stock a nice boost, it hit a 52 week high earlier today. Lets go back to the mary hough statement or the interview the state Department Deputy spokesperson told msn b. C. We can stop isis by creating jobs for those terrorists. Charlie kirk is here, one of our go to millennials. A young guy. Why do you think president obama employees so many young people to be spokespeople for various departments . Interesting question. I have come to the conclusion this administration is all about control. Not just control of the American People but because of a puppeteer in an agenda they are trying to push for a day when unilateral control over the people advance in the language of this administration. Valerie jarrett is the real quarterback of this administration. He has loyalists for Water Administration especially in the state department being run by 33 and 36yearolds. These are not the people i think should be advancing our Foreign Policy agenda and she made a fool of herself on dennis use yesterday. Essentially arguing for a stimulus package that would destroy isis. Imagine Ronald Reagan arguing for a stimulus package to get rid of the evil empire. Language matters. Quite honestly the people around the state department. Stuart the administration wanting fresh faces young up and come ideas. I can understand that. It has been record of blunders and really missteps from both the individual on dennis use and the person running the state department under john kerry. They are just orchestrating an agenda that barack obama wants, not just appeasement bun inaction and Chris Matthews was really aggressive against her last night were killing and domestic policy to handle these savages. Liz dennis use and frustrated appears frustrated. He had his arms crossed. This is a guy who said barack obama gave him a thrill. He is not happy with this. The policy round these young people it really intrigues me, if you look at the biography of these individuals since 2006, they were loyalists to barack obama knocking down doors in i love being in the campaign apparatus, they will be loyal to their agenda. They want allegiance more than intelligence. Stuart does it work . You are in your 20s, you know college people, 20 somethings, when they watch Something Like mary off saying, she is young, does it resonate with those young people . Not at all. I think it is ineffective. They are trying to get new fresh faces to modernize the Foreign Policy office. I get it to an extent because the Bush Administration and people who were much older and trying to be more vibrant for hit but enough of that enough of the aesthetics. Barack obama can do buzz feed videos all they long. Stuart 45 million viewers. When i first saw it i was disgusted by it but i knew political friends and on political friends sharing it and the video did its purpose, advanced an agenda, 45 million views on facebook alone. Stuart what was the response . They thought it was comical. They thought was funny. This president is acting like a celebrity than a commanderinchief. His own personal interests are that of aggrandizement. Stuart we have an age problem. Liz they dont have the wherewithal, the experience to push back. We surprise by David Axelrod saying this president told him in 2008 i got a pretty good gig going on being barack obama. He enjoys the perks more than he enjoys being president. Doesnt want to make decisions he wants to enjoy vacations and lifestyle of being a president. That has been rather than the age we have seen that for the last couple years. Stuart turning point usa. You convince young people that capitalism is good. It is a tough battle but young people are looking for an ideological alternative. We see that on campus is every day. Stuart is there a visceral from young people when they see christians but cheered as they work . What is their reaction . The interesting part of this which is not talked about enough is thanks to the rise of social media we have never been more connected with the brutality going on in the middle east less so than 10 or 15 years ago and i have seen on twitter and Facebook Young people rising up saying wheres the action . Where is the leadership, and on the underside you have him making funny weird selfy faces on the buzz feed that young people in 2016 if there is a leader that comes up and has bold action and actually has a track record of success and says i will do something when you have the track record you have an interesting election cycle coming up with young people looking for leadership. Imus in the morning when you are not running yet. You will wait until 2020 for. I am not good at reading off of teleprompter so i am not going to run. Stuart thank you very much indeed. Want to bring you uptodate on news out of the Federal Reserve, from the phillies said residents who says the audit, the fed bill will hurt, the feds independence plus hes not going to support reform that would increase political interference in fed decisions. He is going to speak exclusively to peter barnes this afternoon, 3 00 p. M. Eastern on countdown to the closing bell right here on fox business, you can watch that interview. Some choice words for liberals liberals care about helping people but only because they think they are smarter than everyone else. Reminds me of this obamacare architect jonathan gruber. Lack of transparency is that huge political advantage, called the stability of the American Voter or whenever. Stuart excellent. If you take multiple medications, a dry mouth can be a common side effect. Thats why theres biotene. It comes in oral rinse spray or gel so theres moisturizing relief for everyone. Biotene, for people who suffer from a dry mouth. Is it our insightful strategies that make edward jones one of the countrys biggest Financial Services firms . Or 13,000 Financial Advisors who say thank you . Its why edward jones is the big company that doesnt act that way. You total your brand new car. Nobodys hurt,but there will still be pain. 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Stuart one of our favorite guests, larry the cable guy. We wish larry a happy birthday. He is 52 today. Carly fiorina taking the at liberals, not holding back. Heres what she told the washington times, quote i dont doubt that they care about helping people but i also dont doubt that in their heart of hearts lot of them think they are smarter the new lockhart, better than you are and that is where they are going to decide for you. Strong words. Liz intellectually and tolerant, liberals hate, progressives hate to be called that. Speaking from a family of democrats jfk democrats we are always appalled at how intellectually arrogant and intolerant the Democratic Party has been for the last half century since adlai stevenson. Stuart most liberals believe they are tolerant. Liz we are in a legislative crisis because the idea being bipartisan right now in this administration is quaint and so we are seeing a style of governing and dialogues that doesnt allow for debate, this is what we have seen with democrats and liberal progressive ideas that they are smarter than everybody. Carly fiorina knows of which she speaks. She has seen ceos and chairman of companies talking as if they know best and telling their employees what to do and she has seen the same behavior right now. Stuart she has president ial ambitions. She might join the Republican Team looking to the candidate. Liz i cant handle in tolerance in debate on either side of the political aisle but this again has been a problem for a half century for the Democratic Party dating back to adlai stevenson. Stuart i am tolerant. Liz sometimes. I try to keep you in check. Stuart we try to keep those statements down to one minute. It looks helpless. You can not go in and just throw a few boots on the ground. I could not disagree more. We have to kill them. These are brutal assassins that are beheading people. She is contradicting the president of the United States saying that you cannot kill an enemy in a war. You may be able to solve the terror problem by creating jobs for them. You had a lot to say about this, too. These people do not want peace. They have been fighting and killing just because they can. The president comes off trying to run Interface Group meetings. This is about battling a cold dead on. Straight on. He is keeping it at arms length. If you cannot recognize it or name it, you will not build strategies. Convincing them that you have a poisoned right at the heart of islam. Stuart i think it is a valid comparison. Thank you very much indeed. Our time is up. Here is deirdre fulton. Deirdre the ceo of fire i will lay out potential risks. Apple. The new project they have a identity crisis. More Online Shopping means more deliveries to individual addresses. Iran russia, pakistan, china. The moscowbased Company States that the nsa has been targeting computers and systems that allows the u. S. To spy. I will quote your piece because it seems like the best language