Transcripts For FBC Varney Company 20130930

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150 points. good for housing, and gas prices lower, and some think it's a time for stocks. and midnight train wreck, that's covering. we're covering the phenom of "breaking bad." don't worry no spoilers today. "varney & company" is about to begin. >> the countdown is on. just under 15 hours until part of the federal government shut down. the first time since 1995. now, over the weekend, the house submitted a bill that would continue to fund the government only if obamacare is delayed for a year. today, if there's no agreement on spending by midnight tonight, the government shuts its doors partially. national parks, federal museums like the smithsonian will be closed, statue of liberty closed. passport offices closed. more than 800,000 nonessential government workers will be furloughed. it's uncertainty how long it lasts or how big the impact is going to be, that's hurting stocks. the dow industrial is down at least 100 points by the time the opening bell rings. you can catch it all live on this network throughout the day. and there's that story. time is money, 30 seconds' worth of nonshutdown, nonobamacare stories. here we go. amc's "breaking bad." we've got the numbers for you coming up. what a phenom. at 10:15, the ceo of a company which depends on the government to make its money is doing an ipo today. 70% of its business is government contracting. how much do they lose if the government shuts down. lumber liquidators raided by the feds. its founder was supposed to be appear on "varney & company," but his lawyer stopped him. the judge at the top of the hour and he wants to hear about the feds rating. and is it time to buy, bargain hunting maybe? we'll bring you the opening bell in a moment. denver's peyton manning on fire, blowing out the eagles 52-20. manning threw four touchdowns, a total of 16 for september alone. no interceptions, wow. >> he can fly. he is gone. touchdown denver, no flags. so ally bank really has no hidden fees on savings accounts? no hidden fees. it's just that i'm worried about you know "hidden things." ok, why's that? well uhhh... hey daddy, what's your job? daddy's a uhh florist. are you really a florist? dad, why are there shovels in the trunk? there's no shove in my trunk. i see shovels... you don't see no shovels. just am. well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size above, and still pay the mid-size price. 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[ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. ♪ >> i'm sure you recognize that song "final blue", by bad company. and we'll see how many sold. whether you watch it or not. there's seriously big money in "breaking bad." we promise no spoilers. okay? a minute from the bell, joining us from chicago is larry levin. we're going to look at the dow maybe 150 points. do people like you and those behind you, do you see this as a buying opportunity? >> stuart, i would say not yet. we've got the government shutdown that certainly seems to be happening and babies in washington that certainly can't work things out. we've got the debt ceiling, not going to be able to work that out either. i would wait beyond that point. however we settle that, then you're going to wait on the lake of tapering. the lack of tapering will be the buying opportunity and you have to wait, we'll see a little downdraft until then. stuart: we understand that, we're hearing the cheering-- a big noise in the background there. we're going to see the dow open lowering. we're looking for 140, 150 points down when we fully get rolling in the first 20 seconds worth of business we're down about 40 and falling. and by the way, if you look at all the 30 stocks in the dow jones industrial average you're probably going to see a sea of red. out of the corner of my eye i could see an s&p 500 board and that has just about i'd say 95% of the stocks are down. there is the dow 30 and you do indeed have all 30 in the red in the early going this morning. okay, we're looking towards a shutdown of government, it's a partial shutdown tonight. market doesn't really like it, we're down 121 as of right now. however, i see a couple of positives here. looking at the markets, i think there's a couple of positives for ordinary people. look at oil, down a buck 57. shut down and iran talks with president obama, that's sending crude down. i think that's probably good news eventually for gas prices. and look at interest rates. they are falling as well. that yield on the 10-year treasury yield 2.61%, a couple of weeks ago, it was over three. come in, sandra smith in chicago. i'm saying that those two items, oil and interest rates are silver linings. what say you? >> not exactly, not when you consider the reason for which they're dropping. oil prices right now hitting three-month lows at $101 a barrel. you've got basically a sell-off happening because of the potential shut down. look at the yield on the 10-year, 2.61. the reason we're falling is uncertainty over the shutdown. these are great reasons to celebrate the fact that we have lower gas prices. stuart, i'll give you this, hitting three-month lows in the oil market we've actually seen refinery output at record, we've seen a boost in supply so there's some good reasons there, but is really triple-digit oil enough to celebrate, an average gasoline price above $3 enough to celebrate? we're still at historically high prices here. stuart: okay, sandra, don't rain on the parade here. >> good morning. stuart: i'm trying to say for the average person's point of view, maybe a couple of positives here. i want to bring in keith fitz gera fitz-gerald, our stock watcher. we're off 159 points, bigger than expected. is this a buying opportunity? what do you say. >> i want to give it 24, 48 hours and see what shakes out from the lack of adult supervision in washington and then i'll give you a yes or no on that. historically speaking we're 17% undervaluations of 1998. we're marching near lock step to the rally we saw in 1954, the first time we broke above depression era lows, i'm betting things are going to be so bad ben will put more gas on the fire and give us another leg on the bull. stuart: and nicole, the stock market, all 30 of the dow stocks are still in the red. we're down 169. from your point of view, it looks like totally down, correct? . nicole: it's totally to lly dow they think that the government will come to something in the last moments. they may not, a partial shutdown could be imminent. as you noted october 17th is the next most important day, but in the meantime what happens to confidence and our jobs number on friday. will that come out? >> that's a good question. hold on, nicole, i've got liz macdonald with that story. am i right in saying that a partial government shutdown at midnight tonight would affect the job numbers, big deal, come friday? >> it could affect. we have a 63-page memo from the labor department on what happens during a shutdown, meaning government furloughs, the second page they plan to layoff 2400 bureau of labor department statistic workers and have a skeleton crew. the neighbor department is they have not told the markets what it will do. release the information on the internet instead of having a lockup room with reporters. stuart: is it such a big deal? >> it is a big deal. stuart: one number which may or may not come out friday morning, the end of the week. >> the jobs run the market and we have a fed policy meeting coming up so that jobs data is important to the market. i'll tell you something, last time, 94, '95 shutdown, the government released the cpi, inflation data and when the markets had a rocky ride, watch this, they did react after the '94, '95 shutdown cutting interest rates by a quarter of a point. stuart: keith fitz-gerald, does it have an effect on the economy? i'm assuming it's a relatively short-term shutdown. >> and if it's a short-term, if it's more than ten weeks, 1.5 off gdp, i don't know if that i buy that. we've got so much money floating around and so much money to come. stuart: what about ben bernanke? if, you know, we slow down a little bit because of a shutdown, he's not going to be -- he's not going to pull back on the printing press, is he, keith? >> i don't think he is. he's got a credibility problem. not that he doesn't have one already. he says jobs numbers is what's going to drive the fed and now we've got problems with job numbers being released and problems with job numbers being credible because so many people are leaving the work force. i think he hitched his wagon to the wrong horse. stuart: the train wreck pulling into the station. that would be the obamacare exchanges, go live first thing tomorrow morning. the question for you, at this point in time, which is the biggest threat to the economy, a government shutdown or obamacare? we're going around the table. senator, to you first. what's the biggest threat, shutdown or obamacare to the economy? >> obamacare, the markets assuming it's going to happen. it's all about the government shutdown right now and i'll tell you why, stuart. it's because it's presenting this lack of confidence from the marketplace. the mom and pop investor, the individual investor doesn't want to have anything to do with this stock market right now because there's just no confidence when you have a government that's holding a marketplace captive like it is right now. stuart: all right, keith, same question. which is the bigger threat to the economy, short-term shutdown or obamacare? >> short-term shutdown is clearly the bigger impact today, but i'm going to obamacare, it's a much bigger train wreck, it's no longer a black swan, everybody knows it's there. stuart: liz what about you? >> health reform and lies on the other side of chutzpa that congress took a five-week vacation and brings us to the brink now. and obamacare with the economy, new taxes and insurers not moving into the exchanges yet and long-term impact from health reform on jobs, too, so we're watching that closely to see what health reform would do long-term to the economy. stuart: i have to talk politics, the dow is un-- down and 0 ill-- oil is down. if we shut down the government tonight, who gets the blame, the republicans or some is going to rub off on president obama? i think we've got all of our people here, sandra first, you, who gets the blame? >> i think the fingers start to point at president obama. i think for a while the blame was on the republicans, but i think this time it's going to be different. stuart: keith fitz, who gets the blame? >> all of them, a complete lack of supervision and need to be sent to their rooms without dinner. stuart: liz, the last one to you. >> both of them get the blame. stuart: nicole back to you, which are the biggest losers on the dow. all 30 are in the red and which are the biggest losers? >> all 30 are in the red and that shows the day, boeing, chevron, nike, among the laggards all down 1% each and when i asked the traders that question, who gets the blame? all sides should be blamed they couldn't get it done. >> back to the big board, we're down 154 points after 8 1/2 minutes worth of business and we were down 170, now we're down 150. so, in the opening of this monday morning trading session as a shutdown of government looms in a little less than-- a little more than 15 hours from now, midnight tonight. that's where we are, triple digit loss, oil down, dollar down, interest rates down. next hour, my weekly football picks with brian kilmeade. i was totally wrong. the giants let me down, but i have a bone to pick with brian. he's padding his score with easy picks. that will be 10:45 this morning. now this. "breaking bad," huge success, a phenomenon. 400,000 bucks for a 30-second ad on the show. incredible. by the way, no spoilers, we won't tell you how the finale ended last night. the question for everyone around the table, amc is a big winner here. did you watch the show, liz? >> no, but i will binge watch it and throw out my back binge watching it because i have to watch from the beginning. i watched the hitchcock night. stuart: how can you throw out your back. >> because i'll watch it hour to hour to hour, it's a classic western, better ending than the ender in the sopranos. stuart: what's a western? >> it's essentially a western. that's what it is and what the critics are saying and you know, a better ending to a series ending for the sopranos which left everybody hanging. stuart: sandra, did you watch? >> i can't spoil a thing here, it's a four and a half month old at home i have to be specific with what i watch. i watched the bears lose miss er bly against detroit and msu in an awesome game. stuart: and keith fitz, did you watch "breaking bad"? >> i've got to complete the trifecta, i've not even the program or any episode. stuart: in which case none off us will pass judgment on it, it's a big deal financially. question on "breaking bad," does amc owe its success to netflix? more on that after this. >> . stuart: just get me home. just get me home. ♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. 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[ thunder crashes, tires squeal ] ♪ ♪ so, what do you say? thanks... but i think i got this. ♪ [ male announcer ] the all-new cla. starting at $29,900. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >> all rightd way down. 15 minutes ago. come back a little. it was down 170 on the dow and now down 138. now, look at the price of gold. we didn't see much movement earlier now we're down, down 15 bucks. 1324 per ounce. active network, it's going to be taken private by vista equity, a 900 million dollar deal. no surprises, active network is up. and then there's "breaking bad." that was a huge winner. we promised no spoilers and won't tell you how it ended. we'll play you a safe clip from the final episode. >> sat in my car. how about the three of us take a walk to it. just park down the road, i couldn't get it past your gate. ♪ if we're going to go that way, you'll need a bigger knife. stuart: sort of leaves you hanging, but the show is wildly popular, huge with young people and big money, too. amc stock, amc is the movie channel that put out this program. up this year. and a tech reporter from mashable is here, covers all things that are digitally oriented including breaking bad. young people, that's where the audience was concentrated, young people, right? >> that was the core audience, but because of the show's magnitude over the years, you can really attribute that to the great content, the writers, and that's been recognized on a, you know, an emmy level as well, but it's so -- it's not just the younger audience, but it's also people all across the board just because it's such a great show. stuart: see, i came at it thinking, well, is this -- it's kind of dark. >> it is dark, yes. stuart: the subject matter is dark. there's an undercurrent of threat if you watch it. and i thought maybe that told something about what young people want to watch on television. do you agree? >> well, i think that -- i think it depends how you look at it. i think the reason why that the show really took off is because it's so compelling and again, the acting is so stellar, but i think it also has to do with how it came about. so, for example, when it came out back in 2008. nobody was really watching it. it was kind of just riding the tail of madmen, another amc show. but over the years because of on-line video streaming especially netflix, it really started to take off and the show's creators would be the first to tell you they're so grateful for netflix and reintroducing it to people who would have never seen it before especially. stuart: i think that vince gilligan said publicly, thank you very much netflix, he put it on, streamed it and made it what we are. >> yep. stuart: i want to go back to this dark theme. young people liked it. it's wildly popular. massive audience, $400,000 for a 30-second commercial, astonishing for a cable show and amc stock is up reaching 67, but it's dark. i keep using that word, dark, sinister, threatening as opposed to light hearted, funny, upbeat. you know? >> it's compelling, i think. because if you look at other shows that have become popular. stuart: wait a second, you'll make no judgment on popular culture because of the success of this show. you say it's successful because of netflix and because of the writing, acting and the directing, not because of the message, that dark threatening message it's putting out? >> i think it's just compelling in nature. if you look at a lot of popular shows right now. "homeland" the season just started up against last night and dexter, those are two relatively dark shows. of course, you have things like big bang theory, a lot lighter and american idol, those shows are still reaching massive audiences. on the other hand of the spectrum you have the dramas and yes, it's dark in nature, but i think it's that compelling issue of a world you're not familiar with. stuart: you're saying it's popular because it's good. >> it's just really good. stuart: and samantha, mashable, samantha murphy. >> thank you. stuart: what is worse for the economy, a government shutdown or obamacare and my take on that is next with the dow down 150. ♪ hey now, hey now, in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> we're going to call this a shutdown selloff. triple digits on the dow. look at the dow 30, all of them in the red. that means they're all down. a new low for j.c. penney. one analyst says hold it, don't buy it. it's down-- 8.94 is the price now. and tom sullivan, lumber liquidators was supposed to join us next hour. he was supposed to be here, but lawyers said don't show up, clam up. the judge will tell us about that. and brian kilmeade evened the score, but i have a problem with the football games he's picking. he seems to running up the score by better against weak teams. well, kilmeade is going to be here. i'm asking two questions about the current mess in washington. this is my take. here are my questions and my answers. number one, who wants a shutdown? in my opinion, it's president obama. i understand that that's not the way the establishment media will tell it, just look at today's new york times, but who is refusing to compromise here? it is president obama. he will talk literally with the mullahs in iran, but he will have nothing to do with his political opponents back home. he believes that a shutdown will be blamed on republicans and democrats will therefore snatch a surprise victory in elections next year, shut it down. republicans lose voters, the president and democrats win. that's his calculation. two, what is worse for the economy, shutdown or obamacare? now, i was inclined to say that obamacare is worse. let me qualify that, if it's a month's long shutdown then chaos in government is worse than obamacare. truth is, a shutdown will likely be short and the effects limited. obamacare on the other hand is bad news forever, wildly expensive and puts it in the hand of wasteful bureaucrat particular government. my two answers. now step back a little, this shutdown is all about spending money. we have run out of the authority to spend. far more serious is the october 17th deadline when we run out of authority to borrow money. that's had a much bigger deal. that's the kind of shutdown that will shake the world, but again, the president says, absolutely no negotiations. and again, he thinks republicans will get the blame. i sense that politics of shutdown, however, they are beginning to shift a little. what do you think? you really love, what would you do?" ♪ [ woman ] i'd be a writer. 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and two doctors had to head care. that will be a fight. there i say coming back a little? down one of her 70 at one stage, now we are down 134 points. points nine of the 30 dow stocks are in the red. the only winner thus far is walmart. what is the biggest threat for the stock market? government shutdown or o obamacare? charles: obamacare. i think ultimately obamacare. we will have an interesting thing. 93% will be furloughed, 99% will be furloughed, 96%, we are going to learn our economy can actually function without a whole lot of the fact that exists in washington, d.c. the bottom line, essential services will not be shut down, but nonessential services, americans will learn they can live without this. the longer this goes, the white house might be in trouble because ultimately most americans agree government is too big right now. stuart: i think you have a point. welcome back. less than 14 hours from a potential government shutdown. the first time since early in 1996. peter barnes is in washington. the senate does not convene until 2:00 this afternoon. the odds are we don't get a spending bill through congress today meaning no way to avoid a shutdown. handicap it for me, peter. >> i agree with you, stuart. it looks like no way out of a shutdown unless somebody blinks. and i don't see anybody reaching for their eye drops right. stuart: let's be clear, this is an argument about spending money. as of midnight tonight we have run out of authority to spend any more money. a far more important deadline is running out of the ability to borrow any more money and that would be up until the 17th. another deadline two and half weeks away, correct, peter? >> that is correct. the government spending, the battle is only over discretionary spending which is a third of the budget. for medicare, things like that. those will continue to get paid. we are really fighting over the discretionary spending today. stuart: thank you very much indeed. we are hours away from the obamacare exchanges due to open first thing tomorrow morning. and those exchanges are being held together with duct tape and chicken wire. republican from wyoming. you are all laughing. seriously now, do you think these exchanges as you say held together with duct tape and chicken wire, do you think they are going to collapse or do you think we will muddle through? >> i think the matter what happens the president will try to claim victory because as he said on thursday, the exchanges are going tozv open tomorrow no matter what. he also said when he was in new york with president clinton, he said it will be cheaper to buy health insurance than the average monthly cell phone bill, which is $71. i would say buyer beware. see what it would actually cost you even with subsidies there will be significant sticker shock. a number of states including the district of colombia have pulled back and said we are not ready to go yet. in vermont there are some problems. we will see more of that tomorrow all across the country as this goes live.hút people are going to find out there are real risks to security. worry about identity theft and specifically the president said this will be as easy as shopping on expedia or amazon. people are not going to have that experience when they go to the exchanges. stuart: it may or may not actually come to a vote in the senate, but if it did this one-year delay of obamacare. i don't know if it will be voted on or not, what if it did, how many senate democrats do you think would say yes, let's delay it for a year quest mark how many? >> we have already seen joe mansion from west virginia say he would vote to delay for a year the individual mandate. it is only the fair thing to do. the president talks about fairness. the president has unilaterally decided to give a one-year exemption to businesses, and exemption for members of congress and their staff, decided unilaterally to say you don't have to verify your income, you will use the honor system for giving government subsidies so it only seems fair if the boss is getting a one-year delay, the hard-working taxpayers ought to get that delay. stuart: the media will say this is the fault of a small block of radicals in the republican party in the house essentially economic terrorists, that is what established media is saying. do you think the public opinion is changing a little? president obama and the democrats may get some of the blame for the shutdown? >> it seems harry reid by delaying the vote on what the house passed, he is eager for a shutdown as is the president. i think the house passed something that was very responsible, very reasonable, which was intended to keep the government open, and at the same time try to at least delay the obama health care law which we know continues to be unworkable, very unpopular and unaffordable. stuart: thank you very much. joining us on an extremely busy day. have to go back to the stock market now to nicole. jcpenney all over the place hit a new low earlier, now it is up. nicole: it is up $0.06. the point is we were to the downside, we are at a 27 year low for jcpenney and they continue to grow confidence and that is why they did this after they said they didn't need the money. you had the ceo say we need our associates and vendors to believe everything is great for our long-term future. the analysts say you notice jcpenney is burning through a lot of cash. everybody is nervous, but jcpenney saying we have it under control. weaker sales in a stock at 27 year lows. stuart: it is a day trader stock. i think they will do exactly that. thank you very much, indeed. federal authorities going out after liquid nominators. liquid nominators his lawyers advised against him appearing. no gag order on judge napolitano. what objection could mr. sullivan's lawyers have you him appearing on the show today? >> the government rated his establishment, one of his establishments, it demonstrated or revealed the search warrant. you have to go to a federal judge and present evidence under oath of probable cause of criminal activity. the underlining information, evidence given to the federal judge has not been revealed. so we know he does not know what the government said he did wrong. one of the first rules of good lori is do not deny until after you have been accused. for him to come here as experienced as this is being interrogated by you, he might say something which you would have preferred to say differently had he known what the government was charging him with. they're supposed to tell you within a certain period of time what they told a federal judge in order to persuade the federal judge to sign the search warrant. until they see with the federal judge has come he has remained suspect. stuart: he put his foot right in it. >> showing up with guns drawn over the origin of the lumbar is preposterous. stuart: -there is a difference here. run by thing people who are republicans. don't quote me directly. tom sullivan runs lumber liquidators. lumber liquidators was rated for the same reason they rated gibson guitar, yet he had hosted president obama in his own home for a fundraiser. >> they disregard or of the constitution. it probably did this to make the point that it will also go after the president's supporters as well in order to put a pin in a balloon that argument be made they went after gibson guitar because they are notorious libertarians and republicans. charles: this is a government, administration rather that has an insatiable appetite for the money it needs to build his version of a utopia means everybody is fair game. if you have the cash, w we're coming for it. >> in the government goes after you or stuart or me on a criminal charge if we say to them how much money do you need to make this go away, they charge us with a bribe. but they go after jpmorgan chase and lumber liquidators, now you're talking. that is what they are interested in. they are interested in humbling people who defied them, but also interested in cash, which they are free to spend as they wish. stuart: you want cash, they got it. >> absolutely. you want to punish them, take another billion dollars, that will teach them be it that is exactly what is happening. stuart: took a while to warm up but you got there. back to nicole. the nara bread down, chipotle up? what is going on? nicole: if you like spicy burritos, you are in. what happened here is morgan stanley made a call, raise overweight, new high for chipotle. a gain of nearly 2%. on the other hand what they did was they cut panera bread to an equal weight. you cannot even say it is a valuation call because they are up 43% this year and panera just up 1.5%. have to figure out what they don't like. stuart: chipotle 426, that is close to apple. interesting. after the break, the ceo of the company getting 70% of its business from the federal government. guess what, this company is doing an ipo today just as we may shut down part of the federal government. deal with that next. ♪ ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations th work for you. that's health in numbers. unitedhealthcare. so ally bank really has no hidden fno hidden fees.accounts? it's just that i'm worried about you know "hidden things." ok, why's that? well uhhh... hedaddy, what's your job? daddy's a uhh florist. are you really a florist? dad, why are there shovels in the trunk? there's no shovels in my trunk. i see shovels... you don't see no shovels. just am. well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. stuart: the same united nations climate report the said and made global warming is likely this is a report that left out a huge piece of data. the plan is stopped warming over the last 15 years. 50 international scientists continued that report. the information did not align with their agenda, they couldn't explain it so they left it out. what you are seeing is weatherford international. a stock that charles payne likes. i'm told it has nothing to do with whether or climate change. charles: i really like this stock. yesterday we had lunch with a couple out of new orleans. one expert, they think it is a no-brainer. perhaps even acquired soon. 1.2 million shares. the directional drilling equipment leader for fracking eventually it will outsell traditional equipment. they are right at the forefront, the stock is over $20. stuart: interesting stuff, thanks, charles. right to the new york stock exchange, and national cyber security company. there is a background story, 70% of the businesses government contracting, so let's bring in the ceo and chairman general, a man we associate with the air force. welcome to the program. isn't it called bad timing for an ipo? all the government work you do and they will shut down in 12 hours. >> we hope to be the bright spot on an otherwise gloomy day in the market. we are very excited. a big day for our 25,000 employees. stuart: are all about the security of information. can you assure me that the information held by the government is going to be secure if they bring in? what level of guarantee can you give me? >> we like to say we do real cyber security. if anybody can do it, it is us that can do it. stuart: that is a partial answer. you're not going to offer a guarantee, are you? >> not 100% guarantee, but if anybody can do it, we can. stuart: do you go the other way around as far as just securing information the government has got, do you go after the bad guys trying to get into our system and get it from our information? >> it is about managing the stuff that is already there. very secure legal system that protects any ability to be offensive. what we can do is understand what is in the systems already and if you're doing anything at all, there is something already in your system and the ability to manage that which is the true secret to cyber security. stuart: we appreciate you being on the show today. congratulations. it could have been a dangerous day for an ipo, but it looks like you are doing okay. thank you very much, indeed. yes, it is a bright spot in an otherwise down day. dow jones average down 104 points. i bring this to your attention because it is a pretty dim trading session so far but we were down 170 just a few moments ago, so we are coming back a bill. try this for size. $400,000 for a 32nd commercial. we're talking "breaking bad." huge phenomenon. talk about that after the break. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is att. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. stuart: speaker john boehner on the floor of the house right now saying they have not done their work, why didn't they meet over the weekend. the house has done its work passing two bills that would keep the government running. dow jones average now down 108 points. a positive report on manufacturing at the top of the hour that help the market come back a little. 29 of the 30 dow stocks are down. just one of them is unchanged, that is intel. top left. intel unchanged. a couple of right spots. one of them is oil. down $1.56. that could imply lower gas prices to come. the other is interest rates, the yield on the 10-year treasury down 2.63%. no change, but down over the course of the last couple of weeks. if not for netflix, would "breaking bad" be as big as it has been? $400,000 for a 30-second ad during last night's finale. pretty good for a cable show. the show's creator thanked netflix after winning the emmy for best drama last week. a lot of fans caught up through streaming video. netflix even changed the way amc does business. look at what the networks chief says. "technology advances made movie channels less necessary, so we embarked on a mission to convert our channel to one once with original programming." look at the stock, straight up this year. i want to bring in charles and nicole. is there something going on in the background here with amc?çó nicole: there absolutely is. the truth is over the weekend there was an article on page 17 talking about amc potential takeover target because they don't only have "breaking bad," to have "the walking dead" and many other names including "mad men." the big picture its revenue is growing and when they look at the fundamentals and the ad revenue they are bringing in, talking about the shares are cheap and could even rise another 20% in the years ahead. stuart: the content amc is putting out is exceptionally valuable. content king? charles: content is king. the showdown with cbs and time warner. time warner blinked because it is about original content. original content gets you over the hump these days. to have these kind of series has made a huge difference. stuart: and amc made "mad men" and "breaking bad" and "walking dead." charles: to take a business model like disney, on the other end of it they have the news department and things like that. you have balance. with these guys, the problem will be being victimized ultimately with their own success. how many great hits can you come up with time after time after time? stuart: would you buy amc? charles: i am not in either one of them right now. stuart: one day away from obamacare. health care exchanges kick in tomorrow. after the break, to doctors. 14, one against. it should be a fight after this. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. 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[ male announcer ] ask your doctor today if eliquis is right for you. president obama: if you like your health care plan, you can keep your health care plan. >> we have to pass the bill seek and find out what is in it he had away from the fog of the controversy. >> i just see a huge train wre wreck. you and i discussed it may times and i don't see any results yet. >> the whole point of this filibuster was to do everything we could to draw this issue to the attention of the american people see american people could be heard. >> it has been a big waste of time. stuart: well, obamacare exchanges open to the public tomorrow. for the first test of the program be a runaway success or abject failure? director of doctors for america and ophthalmologist. first, you are a big obamacare supporter. give me the main reason, straight at it if you would, why is obamacare good for you and your patience? >> thank you so much for having me today. obamacare is good for my patients because for the first me 3milln pele w cann getealtcareefor wille abto sn-upor heth iuran as ng ashey signp cemb 15 ey c get e corage tey nd jaary stuart: i want to correct you, it is not that they will get health care, they will get health insurance. that is a correction, correct? jane hughes, give me the principle issue why you are opposed to obamacare. >> good morning, stuart. it is great to be with you. i am opposed because i can't understand of why people were in favor of obamacare. we all know the system needs reform and every american needs to have access to affordable health care. but this isn't reform, this is a fundamental transformation of our american health care system to a socialized medicine model like the one found under great britain. from my standpoint that is an assault on the sanctity of the do our control for the central planners who are more concerned with spending money and saving votes then saving lives. stuart: there is a suggestion that the paperwork will be overwhelming and you have to spend an awful lot of money on the paperwork. would you respond to that? >> it is overwhelming knowing a patient is deathly ill in the hospital having her say to me i only make $14,000 per year. stuart: hold on a second, the question was about paperwork. i am told the paperwork is overwhelming. is it? >> sign-up for health insurance exchanges it is three pages. application is three pages, you can get the health care coverage you need meaning i could take care of my patients. stuart: that is the patient signing up, i am referring to the doctors and the paperwork they have to go through. jane hughes, will you address that issue? >> i think we should address electronic medical record because that will take the place of the paperwork. i think it is in 2018 if you are not using electronic medical records, which are extremely burdensome, they are 20% less efficient than paper records are. you have to comply with tons of regulations now, which detract from patient care and your time with the patient actually deciding with the best course of action is. stuart: we are told the exchanges when they open tomorrow there will be a degree of chaos and mass confusion. you believe that? >> i believe there will be glitches here or there, but ultimately we have three months to get people to sign-up free health insurance exchanges and then they can get coverage. stuart: the government will not be able to check anything the people that sign-up put down. when i peeled a check of they have a job or income or anything else. you have to address that. >> they can lie on the tax returns, but it will come back to getv: you. the government will make sure the people who need care will be getting the care they need. stuart: chaos, what do you think? >> i think there will be chaos. there will be a major disruption. bulet's not forget the 85% of americans who already had health insurance and the downgrading the estimate of the number of people who actually fell through the cracks which was 12 million americans. by the time we're done with implementation of obamacare it is estimated we will still have 32 million people uninsured and many of those will be people who had insurance who lost their insurance because of obamacare. stuart: would you address that? they will not have the care that you want. >> that is not true. people will be getting the care that they need. younyoung adults will be getting health care. if you are young adult you can sign up for a plan in miami for $109 per month and it will make sure if you get into an accident, if you have a major illness you will be covered and will not go bankrupt. that is a business health care health care law is good for people. the reason doctors and medical students, nurses, pharmacists, hospitals getting the word out to the public because we think it is so important people understand health care.gov is where you go to get health insurance. >> first of all the consequence the government accountability office for a 40 and under single mail for the cheapest obamacare policy is 122% higher than the cheapest policy currently available in the private market. most of those guys, the rickety economic structure of obamacare is dependent on those young guys being in that exchange will pay the $95 fine. the people i am referring to left uninsured, employers dropping insurance for them who likewise are going to decide to go bare. this was based on statistics coming out of the eight state exchanges. stuart: thank you very much for joining us. there are two sides to this thing and i'm glad you brought them out today. we appreciate it. >> thank you. >> thank you, stuart. stuart: charles, you have a point to make? charles: i was surprised he did not press on some of these answers. the first question was how would it impact her practice, she mentioned the 30 million people coming online. no, will they be able to keep you as their doctor, are they getting kicked off your plan because your company's kicking them off and putting them on an exchange, are they not working part-time. she did not answer that. and then say it is wonderful for young adults because it is cheaper, at the same token when the president talks about it he talks not having to pay anything until 26, 27 years old. if you're waiting for the poor segment of the country, young adults, to pay for the richest segment of the country, it is not going to work. when i started on wall street i was taking 100% commission. my daughter was one year old, i rolled the dice and didn't take health care. i was working 100% commission. stuart: young peoplehealth care. they play the odds and roll the dice but they're going to have to have health care. or they will sign-up and lie. i don't have a job, don't have coverage, don't have any income. nobody is going to check. charles: this whole thing is writing on the poor segment of our population who are rapidly dropping out of the job market is another frightening aspect. stuart: brian will be up after the break. a big weekend in the nfl, so who came out on top with our picks? did i beat him out once again? that is up next. >> all three of your picks are easy picks. it is disturbing you would go that easy. >> this is the best game in the world, every game has some intrigue. stuart: you want easy because he wants to make up for last week's loss to me. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. stuart: bank fees keep on rising 15 years in a row now according to a study from bank rates.com. average overdraft fee $32.20. this year average atm fee if you go out of network $4.13 per transaction. both of those are record highs. a defining moment for text, apple beats coked to become the most valuable brand. the report says apple brand value is tops. second is google, coke third. and then we have billionaire geeks balance control over the kennedy space center. amazon top guy runs the travel company blue origin and tesla chief running space x both vying for a lease agreement to control launchpad. this is private enterprise running the publicly run kennedy space center. interesting. many breakthroug. ♪ breakthroughs in design... breakthroughs in safety... in engineering... and technology. and now our latest creation breaks one more barrr. introducing the cla. starting at $29,900. ♪ she loves a lot of,900. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for dai use helps you be ready anytime the moment's 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 obph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or ls in hearing or vision, or iyou have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. stuart: were talking a lot about that "breaking bad" this morning. it is a phenomenon making big money. the number one google search yesterday. number two was from it shut down. you have more on "breaking bad," right? nicole: four on anc itself. i can't tell you how much it is talked about here on the floor of the new york stock exchange. it has taken over america. all of the original programming. the independent film channel under the amc umbrella and it turns out there is more original programming coming down the pipeline and this will be the birthday boy's comedy produced by ben stiller and others. the spoils of babylon, will ferrell group. there is still more creativity coming, more original programming. this article talks about a takeover target and the stock 20% to the upside potential. stuart: there is a spinoff of "breaking bad" coming soon, it is called "better call saul." nicole: "better call saul." can i just say i have never seen "breaking bad." i've never seen "the walking dead." i have never seen any of these other ones. i must really live under a rock. stuart: you have to get out more, sit on the couch and watch tv. charles, if you follow charles payne and you look at his stock market recommendations, you would have made some money. you would have made some serious money. latest in a follow-up on info blocks. charles: so nicole doesn't feel bad, have not seen any of them either. networking play, they have a networking platform. they say the their platform is bulletproof. security is "virtually eliminates the risk of any security vulnerability." the talk about the reduction of human air and workload. boeing uses them, glaxo smith kline, a relatively new company. might be a good time to get in. looking for the stock to go north of $50. stuart: your info is dead safe with info blocks. charles: there making serious claims with networking. visa, chevron. stuart: every friday we pick three nfl games. as winners. let's go straight to his picks from last friday. bengals lost. titans one. the colts won. so, two out of three correct last friday. move on to my picks. the redskins won but the cowboys loss and giants lost. i was right only ones out of my three picks. he is with us now. if he wishes to do a victory lap or a dance around the bunker studio, there he may certainlyiñ do that but i have a bone to pick before that. i think you took advantage of an easy pick. two weeks in a row you said the jaguars would lose. they are the worst team in the nfl, you just what easy, didn't you? >> i'm glad you brought that up. you said to the point spread, there were nine-point underdogs. if they had just lost, you are right, it is a layup. i said they would actually lose by more than nine points which took a bit of a risk and a bit of skill. i also thought there was a chance with the thing jackson those doing everybody gets to free beers and they buy a ticket to the game. that might provide home field advantage. go out and sign tim tebow and get excitement with that franchise. stuart: i was watching the jets game. i felt sorry for smith, the jets quarterback. two fumbles lost. i thought the commentators were pretty rough on the guy. >> right. here's my prediction prediction, smith is better than i actually thought, but the quarterback they have on their team is going to be phenomenal. i want to see that guy in there. you did not dress brady quinn for a reason. he believes simms has a shot. if smith struggled again next week the next time they are out there, you're going to get a chance to see matt simms. stuart: one last thing for you, the broncos looked to be a shoe in for the playoffs if not the super bowl itself. >> the only thing i will project because it will be in new york and you and i will have seats on a 50-yard line. i cannot wait to hang out with you. your willingness to buy those tickets is tremendous but i project right now the 49ers will turn it around and will play the broncos in the super bowl. stuart: we shall see. more picks on friday and good luck. >> i just don't like the way you look in my helmet. i have too much padding. stuart: we will fix that. >> you promise? stuart: no. it looks al all right, better tn me. obamacare health exchanges supposedly start up tomorrow. most of them will. even a health care navigators are confused about what they should be doing. we will deal with that after this. stuart: we are confident they told obamacare exchanges open up tomorrow for your enrollment. do we see collapse in the gerri willis is here. she has an ongoing series all week guiding us through the perils of obamacare. >> users guides to health care, talking about it all week long. stuart: i could use some advice. if i want to sign up in one of these exchanges, can i, i? >> these exchanges are not ready for prime time. i think you should wait because what we know is the software is not working. as of last week 50% of inquiries, finding out if you're going to get it, a lot of problems, wait until november or december to sign-up. stuart: is it correct i can lie and get away with it? nobody will check on if i have a job. i can say i have no job, no money, no health care and maximum subsidy. >> it is on you. it will not be checked up on it till next year, that is definitely what is going to happen. stuart: these exchanges, are the only open until march 31, really? >> if obamacare goes forward, they would have to reopen to sign-up other people. but we are not there yet. we don't even know if it will work tomorrow. stuart: i am so glad you have a special on this. >> 6:00 and 9:00 p.m. join us. we are getting all of the best guess it's possible to about it. we will be in washington, we will see what is going on firsthand. stuart: thank you, appreciate it. a threat of a government shutdown. what you think it will do to the economy after this. speak to with profits you will put not -- we will air what you have to say about my a fax. we are dead broke. obama is trying to bring the country to its knees so socialism can be enforced. it is like experiencing and billion takeover. i hardly recognize this country anymore. that is enough for me. connell: did they kill everyone off last night on "breaking bad"? stuart, good to see you. have a terrific day. we have the story about apple and the new operating system. supposedly, it is making people sick, literally. washington making just about everyone sick. why are drive through's. clocked at the slowest time? we will have more on the business side of all of that as we get started this hour on markets now. ♪

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