Instinct tells us flying is dangerous, charity helps the poor, price gouging is evil and every adult should vote. Tonight we challenge your instincts, who helps the poor more, charity or business . The charity or business . Charity. Harity. Charity. John is that true . Selfinterest. At true . More people than charity ever did. Pe has. Then, what scares you . Are you scared of flying . Bis is much more likely to killl you. And finally, its your duty. I i say, say some of you shouldnt vote. Because o some of you dont know much. Do you know who this is . Looks like will ferrell. John do you both . Maybe you shouldnt if you dont know who these people are. Speaker you are correct. John your instinct is probably wrong. Thats our show tonight. And now, john stossel. [applauding] john what does your brain tl you that america should do about our problem . We have plenty. A lot of people are poor. We should spread the wealth around. I hear busesses raise prices and gouge people. Foreigners sneak
As more and more countries use coal in just five years, china will be the number one consumer of the socalled dirty energy, well talk about that with an environmentalist, also, we also have our eyes on washington, of course, lawmakers are on vacation, but there still is no deal on taxes. Nearly every american is going to have to pay more in just eight days if congress cant reach some kind of an agreement. Checking the big board right now, the Dow Jones Industrial average is down about 41 points. Again, weve got a half day of trading and we close today at 1 p. M. , so that traders can go out on christmas break. Light volume, but there are significant movers that well talk about in just a second. In particular, apple and jb penpejb j. C. Penney. We have Shibani Joshi and adam shapiro as well and first to nicole, j. C. Penney, a lot of people worried about retail sales, think its going to hit Companies Like j. C. Penney hard . Guess what . The stock is up 4 , why . Thats a huge move on a
To the end of the trading day and the trading week, it was down 3 last night, the futures were down when they looked at the collapse of plan b from john boehner it has improved dramatically but you cant put too much lipstick on this, a bad day on the markets and the s p down more than the dow. And nasdaq the big loser down almost 1 , russell 2,000 not too bad, down 1 2 . Liz you might be ready to hop on planes, trains and automobiles the travel stocks not moving quickly, theyre underperforming on one of the busiest travel days of the season. Expedia closing lower after announcing plans to buy 61 of german Hotel Bookings sites and lets look at price line, trip adviser, orbits in the red, down 12 . Dave gold was hit bad for the whole week down 2 , it was up not quite 1 but 11 gain on gold ending at 1,657 for a troy ounce. Liz gold closing 2. 2 , worst quarter in 2008 and Energy Stocks falling as oil drops 1. 6 , a settlement below 89 a barrel. And the huge giants like exxon mobile, chevr
Guy untold we all should go to. Higher education is the single most important investment. I am told you should go to college. Olympic clothing must be made in america. Why do people freeload . What you think you know, often is not so. Myth and truth. That is our show. Tonight. John what you think you know, may not be so . We know what. We watch tv while good what we know not be so . Our instincts are often wrong. When i was a consumer reporter i thought consumer regulation was the answer. Rahm. It hurts america of more. I thought america was running out of fuel, overpopulation, made in america. Wrong. Majority leader harry reid is upset the usoc bought uniforms from china. They should be burned and start over again. John people are desperate for jobs. Isnt it outrageous we buy uniforms made overseas . No. In this stupid. Let me bring in professional help. Whnot to worry about sending work to other countries . A fundamental trade makes everybody off. It benefits both parties. John they
Gerri hello, everybody, im gerri willis. One of the big issues congress is promising to tackle is immigration. Congress passed the jobs act replaces green card lottery to permanent visas to those with doctorates in science, technology, engineering and math. Two outgoing republican senators introducing legislation granting residence to those bought in the country illegally. Though call it the achieve act, similar to the d. R. E. A. M. Act. I spoke to one. Bills cosponsors, senator kay bailey hutchison. Welcome to you here. How is your legislation different than the d. R. E. A. M. Act . Our legislation gives legal status to the young people in conundrum. They have grown up here. This is the country they know yet they are illegal because their parents brought them here before they were 14 years old. But we dont go into a citizenship track. We allow them to get in line behind the people who have been lawful and waited in line. So we dont give them a preference in line but we do give them a