Today because prices are spiking, going straight up. The runup in oil is passing through to the pump. Predictions to a 10 to 20 cent a gallon gain within just a few days. A little noticed bombshell dropped by the governments accountants. 107 billion dollars worth of overpayment in 2012 and theyre counting the waste. Surprised . No, but outraged . You bet. Try this one, Eliot Spitzer takes the lead in the polls. All right, everybody, i promised to give you the good news on stocks when Varney Company begins. In todays markets, a lot can happen in a second. With fidelitys guaranteed onesecond trade execution, we route your order to up to 75 Market Centers to look for the best possible price maybe even betterthan you e. Its all part of our goal to execute your trade in one second. Im derrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. The family people have forgiveness in their hearts, whether that extends to me. Not everybody forgives. We might forgive, but we dont forget. Stuart there you have former governor Eliot Spitzer as he announced for comptroller, but everybody look at this, spitzer is up by 9n maris poll. And well talk to the man who conducted the poll. And ben bernanke says the fed is in no rush to raise interest rates. Thats exactly what the market wanted to hear, isnt it . Look at futures, this is how were going to open, way up there. Again way into the triple digits and putting the dow into striking distance. Gold, 37 per pounce gain as we speak. And oil 105 is the quote. Im saying this morning, fill up your gas tank now because gas prices are on the rise. The National Average for regular up almost 2 cents overnight. 3. 51 and predictions its going much higher in the next couple can of days. Weve got two outrage stories were following today. Washington d. C. Lawmakers pass that living wage requirement forcing nonunion, big retailers to pay 12. 60 an hour, whats the result of that. Walmart will not open three stores that would have provided jobs in a poverty stricken neighborhood in the capital. 2000 jobs gone and this is a union victory. Next item, how is this for a number. 107 billion bucks what the governments accountant say the government wasted in 2012. And ive got to say im not surprised. Comedian colin quinn is here moments from now and reacts to both stories in just a moment. Buckle up everybody, hell make you smile and so will the market. Weve got a rally, well cover it next. My mantra . Trust your instincts to make the call. To treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. Axiron can restore t levels to normal in about 2 weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. 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I think it does, we got ahead of ourselves and our imaginations were our own worst enemies, if you think of what he said, data dependent the data is not there to do what the traders thought they were going to do. They cant raise interest rates, up, up and away. Thanks, scott. Well keep threw and bring you back in a second and i see theyre cheering in the background and the market is off and running and i expect to see a lot of green arrows today. Were expecting a gain of well over 100 points when we get the ball rolling on this thursday morning rally. Look at the market right now. Were up 67 points, please take a look at what we call a market scan. Thats a scan of all the 30 stocks that make up the dow industrials, and every single one in the green and theyre all up today. Led by caterpillar by a very big gain there, all dow 30 stocks are up. Some individual companies, im going to start with microsoft, its a dow stock and the Company Announced a big shakeup. Its going to focus on devices and Services Rather than pcs and bring it altogether in four engineering units. So, nicole, where is the stock . Right, so the stock is looking good here, up nearly 1 . Theyre doing restructuring which is categorized as dramatic. In apps, cloud and devices and devices include just about everything from pcs to tablets to television attachments and the like and theyre going to be rechanging the Management Structure in a big way and it seems dramatic. A look at the big board for a second. And we just passed the old closing high. Youre into record territory right now. 15,414 is where we are. A gain of 123 points as predicted. Still there, nicole, it will he me about yum brands. I understand that its sales have been hit by, what is it, bird flu in china . Tell me. Nicole thats, thats the problem. I think they saw a 20 drop because of bird flu and the media that went with it. And nobody was going to Kentucky Fried Chicken there. And they saw sales improving, thats good news for them and the Media Coverage of what happened had also died down a bit and thats good for them as well. Stuart the overall markets straight up and yum brands is not. Were up 134 now for the dow industrials, 15,424. And another big name were following the story closely. Walmart, d. C. Lawmakers called walmarts bluff and passed the living wage requiring retailers to pay 12. 60 an hour. Walmart says it will not therefore build the three stores in d. C. , goodbye to the jobs. One of the d. C. Council members who led the charge for the living wage will join us in the next hour. By the way, colin quinn is here, look, im mad about this. The idea that you should walk away from d. C. s jobs in a poverty stricken neighborhood. I dont think theres anything to smile about. Can you make me smile on this one. Wait a minute, wait a minute, so, wait a minute are we mad at lawmakers or walmart . The lawmakers. Theyre turning down jobs for impoverished people saying no, no, unless you pay 12 an hour were not going to have you in our town. Ridiculous. In d. C. , which has a brutal poverty rate. Stuart nothing to smile about on this one . No, well, you know, smiling at the abject poverty of the people of northeast d. C. Start off. Stuart youve got to crack a smile the dow is up 150 points. I would crack a smile if i understood the dow. The reason im on this show i want you to tell me how to get rich. Ive been in this business a thousand years and im not rich. Stuart who manages your money. I have a Good Business manager, but afraid to deal with stocks, and noi what goes on with whole thing, i dont trust it and plus its up so high, sbt that what people say before the fall . You need to tune in at the 10 00 hour, and Charles Payne will be here and makes all kind of money for people. Be a part of the crew. Stuart sit there for a half hour and learn something. And the rally is up 162 now. Because the fed says were going print more, and listen to me, but theyre going to keep on printing money. Dow up 160. Look at the price of oil, down a buck now, going the opposite way for most of the other markets. It was 107 at one point earlier this morning. Please, everybody, go out there and fill up your gas tank now, because gas prices are rising 3. 51 is the National Average for regular now. And all kinds of predictions were going up another 10, 20 cents a gallon within the next few days. Scott shellady is still with us from chicago. All on track for a really big gain for gold and stocks. Nothings going to get in the way today . I dont think stocks will nothing will get in the way of stocks. Ive got to tell you, i dont think thats a big shine on gold. I think the reason were still pumping is the reason why its higher, but were in a deflationary cycle here, and gold is a sign of inflation, i dont think were going to get it and thats why i think thisll keep pumping. So be careful getting too long on gold. No economy can handle High Oil Prices right now, i think theres he a cap coming soon. Stuart all right weve got it, scott shellady, back to business and making money. Ive got a couple of stories of outrage the newest, the federal government does not have a running list of all of its programs, which is probably why the government accounting office, they are the bean counters, they say the federal government wasted 107 billion in 2012, and they are still counting. That number will go up. And theres 107 billion in bogus and excessive payments. Surely you can find something. Can you make me smile about that. First of all, why is scott scotts jacket . What is the purpose of that . He trades cattle, he trades cattle. Oh. Stuart hes a cow futures guy so he wears a cow jacket, okay . Very good. Thats even more horrible than i thought. Stuart you should trust him, he makes real money. Okay. Stuart 7 billion, you cant make me laugh about that . Youre laughing. What about, back to shrimp on a treadmill. Its unbelievable, 107 billion dollars missing right now . Yes. In washington d. C. . Overpayments. They could probably pay for the extra walmart employees with that money. Stuart yes, they could indeed. Thats probably where the money is figuring out the research the Fact Finding Committee that decided walmart wasnt paying enough was used 107 billion. Stuart air off to a good start. A mile on my face. If the dow is up 150 points. Dont trust that dow, im trying to warn, but that. stuart dont trust that dow . I still dont understand, how can one rumor affect the entire tangible economy. Language, rumor. Stuart you keep your money under your mattress. Yeah, with a baseball bat next to my bed. Stuart nicole, come in, the dow, winners on the dow, please, the big ones. Nicole for those who care about the dow, lets take a look, lots of winners to speak of. Caterpillar, walt disney, j. P. Morgan gaining 1 . The 100 points away from the all time intraday high. And hewlettpackard easily the number one performer up over 80 and boeing comes in second place up over 40 this year. Stuart as we speak, the dow is up 150 points. Lets get back to the news of the day, Eliot Spitzer. We brought you that news earlier. Hes running for comptroller. And hes running. In the first poll, he leads. Eliot spitzer leads by nine points. Joining the company is lee marchingoff, he conducted that poll. Lee, always a pleasure to have you with us. Can you explain that one for us, please . Well, i think were seeing an interest in voters granting Eliot Spitzer a Second Chance and they think he would make had a good comptroller. And hes got high favorables and high negatives. Hes a polarizing figure on the new york scene and right now running against the borough president thats not that wellknown. And right now, voters are saying, look, this is the kind of stuff politicians, theyre all doing one thing or another and have skeletons in their closet. Five years ago, let it slide. Stuart if he were a republican, do you think there would be the same reaction . Who knows . New york City Politics is an unusual place and obviously there are many more democrats than republicans in new york, you know, and Anthony Weiner has already, you know, in a sense broken the waters for him and now we go on to spitzer and voters dont seem to be experiencing any kind of redemption overload. People ask for forgiveness and new yorkers say, forget about it. What can i tell you . 9 points, just got up in the race. Lee, thank you very much indeed. Interesting poll indeed. Thank you, sir. Colin quinn, surely youve got something funny to say about Eliot Spitzer. And theyre photoing for anybody who has a name. Second of all, lets face it, were we outraged even when it happened . I wasnt. Stuart you were not . No. Stuart the governor of new york con sorts were prostitutes and walks away from the governorship. Well, i dont think he walked away, didnt he have to leave because of that . I think the worst part was i think the prostitute was new jersey, i think thats really the issue. Nobody wants to talk about it. Stuart i live in new jersey. No, im saying disloyal, he should do business in new york. Stuart do you think hed go down in the polls as soon as they found out the prostitute was from new jersey. Should be from here. Stuart very good, stay here please. Check the big boards, still a nice rally, up 147 points as we speak. And the dow is now at 15,440. Got a headline for you, the media stole the election in favor of president obama. Up next, our guest, he says he has proof of this and colin quinn is still here. Stay right there, everybody. announcer at scottrade, our clients trade and invest exactly how they want. 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And lung Cancer Patients turning up with good news on that. Obamacare, youve got to say it appears to be unravelling. Is the Mainstream Media covering this unravelling . Brent bozell is with us. Im saying its unravelling, is the media saying the same thing. Its falling apart and everyone knows its going to continue to fall apart. The employer mandate postponed for a year, that tells you the thing is in shambles, its worse than that. Where is the individual mandate postponed . How can do you the employer and not the individual . Thats one big question. Another big question, is that constituti constitutionalists asking, what gave barack obama the ability to do that. The president doesnt have the authority, ability to do that thats a huge issue coming up above congress where senators like mike lee are going to ask that question. So theres huge calamities going on, not to mention the cost. It was projected to be under a trillion now its over 3 trillion. Not to mention the fact they dont know how to implement. Its a disaster. Is it being reported . Absolutely not. Stuart i knew you were going to say that. What you get, stuart sa blip here, a blip there, a little story here, a little story there. Nobody, and i mean nobody how is this for a number that i just learned this morning from my staff . 61 seconds devoted to how obamacare is going to hurt Small Business. Stuart thats it . 61 seconds, stuart, in the entirety of 2012. Stuart youre getting me . Thats this morning. You know, youve covered this consistently because its a huge story affecting business. 61 seconds in all of 2012. Now, thats incredible, incredible. Brent, ive got to go. A youre right, its unofficial back door censorship. Ive he got to rush, but i want to tell everybody youve got a book out, the title collusion how the media stole the election in 2012 and how to stop them doing it in 2016 ive got to run, but come back and tell us about that book because were interested. Thank you. Stuart colin quinn is here. Yes. Stuart do you find anything funny about obamacare . I felt the problem in our country is not full medical, its full dental, ive traveled many times. Stuart youre telling that to an englishma