Really . We have the numbers. The president says the economys recovering, really . We have the report from the left which says workers are getting worse off. Stay right there, everyone, its hot outside. And Varney Company is about to begin. Shes always been able to brighten your day. Its just her way. But your erectile dysfunction that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, e an unsafe drop in bloopressure. Do not drink alcohol in excess withialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactionsuch as rash, ihives, swelling of the lips,se otongue or throat, or vision, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. I would say broadly, if you look at the economic data, the suggestion that the aca is producing fulltime employment is belied by the facts. Stuart well, that comment about bomb care may land mr. Carney on fantasy island maybe. Mr. Carney must not be watching Varney Company. Here is the the latest number from the u. S. Chamber of commerce. 74 of employers will fire workers or cut hours from fulltime to parttime because here comes obamacare. Thats right there in that survey. If mr. Carney watched us yesterday he would have heard the new York Federal Reserve says 11 of employers are outsourcing jobs to avoid the high cost of obamacare. Youll be hearing a lot more about obamacare throughout the day and on this program, too. The house is going to hold a hearing on the president s decision to delay the employer mandate and the house will vote on delaying both the employer and individual mandates separately. Later this hour, congresswoman Sheila Jackson lee joins us to talk obamacare. She is a solid supporter still. We already know bernankes scripted comments, a hint to the end of printing money. No clue, however, as to when. Now, were waiting for the q a. You can expect republicans to get a little testy. We will bring you the fireworks if and when they happen. Right now, were waiting for the market to open. Were expecting it to open 20, maybe 30 points up for the dow, watch it live next. Any last requests mr. Baldwin . Do you mind grabbing my phone and opening the capital one purchase eraser . I need to redeem some venture miles before my demise okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . Nobody does it better yeah, well said. Did you see this . A great moment at the allstar game last night. A well deserved ovation for mariano rivera, he entered the game at the end of the game, his last allstar appearance hes retiring after this season. In the next hour, ill explain why you might not see anything like this again. Players like rivera an endangered species. Thats my opinion, ill explain it to you next hour. A minute to the opening bell and we know what ben is going to say. Lets bring in larry levin, you know what what hes going to say, hes going to say ive got plans to print less. Theres nothing new in that, but gives the dow a boost when trading start, right . Its the same old and the same old what you said, its pushed the market up and this is no surprise. When knew when he first started buying the assets every single month, eventually they were going to stop. He is telling us the exact same thing as the beginning and when is it going to stop. When we see that. Stuart and were waiting for q a session, and that may be where the market moving news comes from, do you think . Yeah, certainly, republicans are going to try to pin him down and ask him questions when are you going to do this. You need to know, the public needs to know and if hes pinned down certainly the market is going to react to that, but if he isnt pinned down, he will be to a certain extent, the market has a good chance. But if you see that, you may have your finger on the button. Larry levin, everyone, thank you very much indeed. The trading day this wednesday morning has begun. If you look at the indicators before the market opened, we were expecting a 20, maybe 30 point gain for the Dow Jones Industrial average. We were offered, 18 points, not much of a pullback yesterday. Up in the first half minutes worth of business. Lets go through the big names that you know, yahoo big jump in profits, up 46 , however, the money coming in, the revenue, it went down. The stock is up on the news, however, and here is gil mora s morales. And you like what Marissa Mayer is doing and she celebrated her oneyear anniversary. Do you like yahoo at 27 . No, actually id rather own google. And the Grosse Pointe is goicom down to 3 the next three years, but normally see the growth driver there for yahoo and i think that google has them beaten hands down so i prefer google here over yahoo if i was going to have to pick a search company. Stuart stay there, ive got more big names to go through as we start the trading session. Here is bank of america, its another bank doing well and made profits just like Goldman Sachs and citi. The stock price, nicole. Nicole the stock is up over 1 . They did well with Global Marketing and improved their credit quality though they did say as theyre seeing longterm rates on the rise, they expect fewer mortgages and a lot of those come from refinancing and a majority come from refinancing and expect to see less of that. B of a gets you 14 right now. Take a look at tesla, a big drop yesterday after goldman dropped the price together to 84 a share and thats well below the current 107. By the way, Charles Payne reminds us the same goldman analyst downgraded tesla when it was at 55. Come on back in again, gil, you once said that tesla was the gm of the future, gm in a nice way, you liked it back then. Do you like it now . Right. Well, we last time i was on we were buying around 100, it ran up to 133, 135 on monday and so we actually sold into the move when it couldnt hold the 121, 122 level and we achieved the shortterm trading price objectives. Longer term the stock is going to have to set up consolidation and its a lot like gm in 1915, it will need to go side ways here for a period of months as i believe the fundamentals need time to catch up to the technical action right now, but i think the bloom is off the rose in tesla. Okay. Now, there are a couple of tech stocks which have had a really strong run recently and i want your opinions on them. Gil. Microsoft, everyone knows i own it. Do you like it . I think the going higher. It broke out of a short consolidation, its actually challenging the sixyear high of 37. 50 and starting to come out of the long 13year consolidation and its been out of the picture a long time and im seeing money flow back into it. If the market goes higher, microsoft is going higher with it. Stuart well take that. Amazon, a lot of people saying its the new apple. And a strong stock. And 3. 07 this morning and here is the question, gil. Is it the new apple . Well, i send to think of it more as the new amazon. One of the arguments against amazon has been the high pe ratio. Next quarter when they announce a week or so, a nickel a share and make some money in positive Earnings Growth and supposed to post 1. 30 in annual earnings and thats going to jump up to 10. 16 a share, so, when you think about being overvalued, thats a big leap for amazon and i think that will drive the stock higher. I dont like it above 300. If you saw a pullback closer to 290, be closer there. Stuart thank you. Google is trying to license tv channels for an internet cable service, how would you like to get cable tv the way you get your it. V. I like tv in any way, shape or form you can get it to me. Google, you know they hit a new high of 928 this week as well. This is the deal. Getting your tv in broadband instead of sitting on front of your television set. Stuart and google, 929 was that on google . Can you put that one up again . Lets see. 920something or other. Going strong. It cant be 920, it has to be below 928. That was the high set on july 15th. Let me ask liz. Did it hit a new high, liz . No. No, it did not. July 15th is the high. If youve got a google stock in your portfolio, youll take 924, im sure. All right, nicole, thanks a lot. The dow is up 36 points back close to 15,500 again. Weve got a new study from a left wing Advocacy Group that says after inflation wages for lower income workers are down about 4 under president obamas tenure. Lets bring in arthur brooks. It seems to be that president obamas policies are hurting the very people that they were designed to help and who supported him in the first place. Yeah, good morning, stuart. What are the odds of that, right . I mean, i think that you were youve been predicting for months, for years, that if we actually take the actions to make labor markets more rigid, that would make it harder for people to start businesses, we put regulatory barriers, guess who is going to get hurt. Rich people . No, poor people are thrown out of work. The idea of having Big Government programs to put food stamps and Unemployment Insurance in front of people instead of high paying jobs is a real affront to dignity. The worst part is that nobody on the left or right is standing up to these people and nobody is becoming a warrior for the people in the bottom percent of the Income Distribution. Lets look at the politics, this came from the National Employment law project. Its on the left, a lot of activists involved in this group and certainly unions. It seems like there is a revolt against obamacare and theres a revolt against president obamas policies, economic policies in particular. It seems like hes losing support of key constituents. What are the politics of this . Well, its pretty interesting, if youre in the bottom half of the Income Distribution in America Today or the past four years, you see the average Household Income declining every year for five years,en you see real unemployment in your neighborhood, in your family, Something Like 15 or 18 and you see mobility has been falling actually for at least a decade. The problem politically, basically you have a president and a Democratic Party whose argument is the rich people, they have your stuff and im going to get it back. Thats an envy based argument. The trouble is that the right is basically saying, you guys are moochers and people are struggling. I want to see a politician break the mold and say the way out of this is growth. You give me 4, 5, 6 growth and ill give you at least a partial solution to a lot of the income and other problems in our society. Where is that politician, arthur . Yeah, well, there, you will see more stepping forward. The trouble is those who talk about growth tend to talk about growth as if it were about the money. Stuart, you and i know growth is not about the money. Economic activity, Free Enterprise, a free society is about the morality of letting people on the bottom rise, its about immigrants wanting to come to this country to have more opportunity. And until we get pro growth politicians who are pro morality politicians for the most vulnerable members of society. Those politicians are going to continue to lose and theyre not going to be able to help people. Do you think that growth will come back on the political scene, next years elections. It can, the only way, however, if we break out of the materialistic paradigm. Im an economist and im wired this way and love talking about growth and love talking about gdp and the stuff you love, too, until we talk about how we fight for people with growth. People are not going to listen to the basic economics. Growth is a moral prospect. Growth is good morally not just economically. Who is making that case . Thats the problem. Now, more will and thats the enterprise institute. Helping people to understand that the Free Enterprise system is a social movement for the moral good of all, especially those who are most vulnerable. You and i need to make that case. Music to our ears. Thank you very much, sir, appreciate it. Thank you, stuart. To the big board, please, wednesday morning, we know what ben is going to say and he says it at 10 00, remarks prior to that and hes hinting at, yeah, im going to end printing and slow down printing and we dont know when or by how much. The dow is up 27 points now, 15,000. Okay . Were watching gas prices, too, by the way. Theres a spike and its now 3. 65 a gallon and i believe we were up another 2 cents overnight. Going up roughly, 2, 2 1 2 cents each and every day. 3. 65 now. Obamacare, i want to say its unravelling and now unions even coming out against the law and two key votes in the house that could end up killing the president s crowning achievement. Maybe, certainly vote it down. Well go to capitol hill. Sheila jackson lee next. Cest la vie announcer at scottrade, our clients trade and invest exactly how they want. With scottrades online banking, i get one view of my bank and brokerage accounts with one login. To easily move my money when i need to. Plus, when i call my local scottrade office, i can talk to someone who knows how i trade. Because i dont trade like everim with scottrade. Me. announcer scottrade. Awarded fivestars from smartmoney magazine. [ whirring ] [ dog barks ] i want to treat mo dogs. Our Business Needs more cases. [ male announcer ] where do you want to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call us. We can show you how at t solutions can help you do what you do. Even better. Modest rally, dow up early. Were waiting for bens q a, that could turn things around, we shall see. And gold is close to 1300 an ounce. 1296 right now. Weve got a few stocks moving for you. Im going to start with yahoo . It beat the expectations of wall street. Thats pretty good news. Its up 5 . Thats not bad. By the way, profits were up 46 . The stocks up 5 cents, not bad. Home builders, oh, sorry, theyre down after housing start disappoint. Down 10 in june. The Home Builders are down, but not by that much. Just a fraction of 1 . Most of them. Lets talk obamacare. The president s key allies, that will be seniors, unions, employers, you know, they appear to be turning their backs on the Health Care Law and today, the house is going to vote on delaying the two key provisions of the bill. The employer and the individual mandate. Were waiting for democrat congresswoman Sheila Jackson lee to appear and comment on obamacare. Meanwhile, Melissa Francis is here whos got a couple of opinions of her own. And i read it out there. Unions, employers, seniors, a lot of walking away from obamacare. What do you make of it. If you could do math you knew this wasnt going to work out the way promised, and now everyone is waking up to that fact. If you had insurance you liked you werent going to be able to a keep it. As you add more people to the rolls, its going to cost someone and people working who have insurance that they like. And some expect at that unions thought they were going to get a carve out and exempt them from the problems of the rest of us. I dont know if its that sophisticated. I think that people wanted to believe there was an easy fix that you could somehow bilk someone to pay for someone else. There isnt that kind of money to go around it. Stuart unions may oppose, it employers may oppose it and seniors may oppose it. What would kill it, flatout kill this thing, if democrats in the house and senate walked away from it because they dont want it around their necks in the elections next year. I dont see it happening yet. Unless theres an easy exit. Almost like a delay, a political way to do it to stave face and achieve the same thing. Stuart theyve delayed the employer mandate for a year, thats the administration did that. Yeah. Stuart if congress, senate and the house, said the individual mandate also delayed for a year, that gives you a year to work on this thing and fix it. Perhaps, theres a way to table it indefinitely until you can figure out how to manage it or until everyone forgets. We all have short time horizons and memories, right . Maybe they could table it, i dont know. Stuart wishful thinking. It is, because when you look at Insurance Companies who have come out and said, for next year, they are raising their prices in some cases 75 , in anticipation because they are businesses with shareholders, they have to provide a service, they had to plan ahead and already raised their prices and if you think that theyre going to lower them now that the mandate, it may be delayed, youre crazy, thats not going to happen. Stuart you probably follow the politics and the implementation of this closer than i do, and it seems to me, as an outsider, that weve got chaos coming down the pipe. Melissa, hold on for a second. Congresswoman Sheila Jackson lee is joining us from washington. Thank you for joining us, thank you. Good morning, thank you. Stuart the point weve been making is that some unions now oppose obamacare. A lot of employers oppose obamacare and so do some seniors, but i thi