Transcripts For FBC Varney Company 20140116

But some amazon workers reject unionization. Thursday, january the 16th, Varney Company is about to begin. In the name of our children, driving up our National Debt from 5 trillion dollars for the first 42 president s, number 43 added 4 trillion dollars by his lonesome. So we now have over 9 trillion dollars of debt that were going to have to pay back, 30,000 for every man, woman and child. And thats irresponsible. Its unpatriotic. Stuart oh, that was then candidate barack obama calling our National Debt unpatriotic, 2008, but look where hes taken us six years later, the Treasury Department mistakenly leaking startling numbers of china chinas debt. Remember, please, they are correcting interest on that debt every day. Thats money that flows out of america into china and their ownership of our debt gives them massive leverage over america. Remember this ad put out by citizens against government waste . [laughter] very funny. It started to look like that scene may not be too far from the truth. And japan owns 1. 1 trillion dollars worth of our debt. All right, time is money and we say it every day. So, here, 30 seconds worth of headlines all from hollywood. Big time movie producer harvey weinstein, the and who brought us violent movies like pulp fiction and kill bill saying he will make an antigun movie washing the n. R. A. Quote, wish they werent alive. To Steven Spielberg topping forbes list of most influential movie, lincoln, 12 Oscar Nominations and two wins. Wolf of wall street best actor, best director among other nominations. And the s p 500 hit an alltime high. Were back, maybe, where to from here . Stay there, we will tell you. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsend stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All on thinkorswim from td ameritrade. Over the pizza place on Chestnut Street the modest first floor bedroom in tallinn, estonia and the southbound bus barreli down i95. This magic moment it is the story of where every great idea begins. And of those who believed they had thpower to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way ours did in a little dorm room 2713. This magic moment open to innovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax freeones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree siness at startupny. Com. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotio is in order. Good news. I got aew title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shippi with the reliability of fedex. [ male announcer ] introducing fedex one rate. Millions have raised their hand for the proven relief of the purple pill. And that relief could be in your hand. For many, nexium helps relieve heartburn symptoms from acid reflux disease. Find out how you can save at purplepill. Com. There is risk of bone fracture and low magnesium levels. Side effects may include headache, abdominal painand diarrhea if you have persistent diarrhea, contact your doctor right away. Other serious stomach conditions may exi. Avoid if you te clopidogrel. For many, relief is at hand. Ask your doctor abouxium. Whats your name, little girl i like that, i do, i like that song. I dont know the name of it, but the caption reads, whats the next big thing. And coming out with a new kindle and apple, and 30 seconds away. Scott shellady is standing by, i want your comments on China Holding a record 1. 3 trillion dollars worth of our debt. Comment . Two stories here, number one, it shows that this year, were going to rely increasingly upon the health of the foreign economy, chinese being one and japan the other and europe. Were going to need them to stay healthy and continue to buy our bond so we can continue our growth. Stuart, why is everybody mad about the fact, how does the treasury let that out a day before its supposed to come out. Theres two stories here and im worried about the second one as well. Stuart weve got you, scott. Get to that opening bell and were down 14 points after 17 seconds worth of business. The dow at 16, what bothers a lot of people, our debt, the leverage it gifts to foreigners and the Interest Payments we give to china and japan. What do you make of this . As much as we talk about americas success, if we want to you can is seed to succeesucceed, we better hopy keep buying. Stuart it doesnt affect our markets immediately, right, keith . Thats correct, this is an economic, fundamental issue, not necessarily a market issue, so if you can recognize the two, its the more they spend, the better off we are. Stuart its a political issue, too, to some agree. Ive got corporate stuff to deal with, weak sales in the all important Holiday Season for best buy. Down it goes. Nicole, how bad . Wow, this is a tough day for best buy shareholders. Its down almost 31 , they started a heavy promotional environment on black friday that continued right into the Holiday Season to try and compete against names like walmart. It did not do well for them. Online was the one bright spot for best buy, but obviously, and also tight supplies, another thing they spoke about for best buy. Ouch. Just like that. And profits down and Goldman Sachs made 2 1 4 billion dollars profit in the last quarter of last year. And where did goldman not even 1 2 of a percent to the down side. And bonds is their weakness and thats usually a source of gains for them, but not this round. Fixed incomes and commodities and that dropped 15 and they reported a 21 drop in quarterly profit. And some of the other guys actually did well in those areas. Ive got more big names, marisa mayors first hire is out at yahoo the stock is down nearly 2 . Keith fitzgerald, are you buying yahoo . No, im not. I think they have problems. I like what marisa mayors is doing, i wonder if its her and her direction or yahoo itself. Stuart j. C. Penney is closing 33 stores, theyre trying to stop the bleeding. Usually moves like this help a companys stock. Is that right, keith . Would you buy this stock . Usually it does, its iconic brand and actively looking to short it, i think its dead on arrival. Stuart the danger that j. C. Penney works away from retailing. I dont think its here in five years. Stuart facebook losing cool with some youngsters, weve heard this story before. According to a new report, 11 million youngsters have abandoned facebook since 2011. Sandra smith is here, do you think thats a big problem for facebook . Lets be sure here to point out that investors have not dont think that facebook lost its cool. The stock is up 82 since it went public. These numbers if true, because these are not facebook numbers, but taken from the advertising platform on the site, could be devastating for facebook. Not only the 13 to 17 range has lost a quarter of users over the past three years, but college students, down 59 over the same period. High School Students down 59 . Whos on it and who has grown the demographic . Its mom and dad and grandma and grandpa. Hold on a second. Mom and dad and granddad and grand pop. Heres the ones with the money. Teenagers dont have money. Teenagers have lots of money and they spend lots of your money, stuart. Come on, you have six kids and you know theyre out there spending the money and the advertisers want the younger demographic and right now theyre leaving. Theres no need to get personnel. Hold on a second. Another social network also may be losing its cool. Snap chat, and here is why. Senator rand paul announcing hes joined the snap chat community. In part because he doesnt want the nsa to have access to his posts. I dont think thats look who is joining snap chat. That doesnt make snap chat lose its cool. So this is a little bit after questionable move. Because you know how snap chat works. I do. You take a picture and it goes away, take questionable photos. Stuart i know, i know. Since he announced hes going to start doing this tonight, hes got 700 likes. So people obviously think its cool for senator paul to be cool on senate chat. Stuart i think that young people think rand paul is cool, regardless what he does with snap chat. They like the guy. If hes not there, hes got to be somewhere. Stuart and nlrb, claiming 19 employees were fired as a result, whats your comment on this one, sandra smith . So, theyre organizing the this was all this is one of the biggest things that could be run against walmart ever by the way. At first size and scope is what im talking about. This is our walmart. Theyve been pressing on wages, on benefits and easier for them to organize the union. Walmart responded and said bring it on. You cant expect the workers to come and go as they please which they were during the protests and not be held for it. As i said earlier, this is a politicized move against walmart. The nlrb is highly political. Theyre very much pro labor. We could have expected this. It could damage walmart, you think . All right, well see. This is from the other side of the fence, amazon. Workers there, a very small number of workers, in a warehouse, voted to reject an initiative to form a union. Keith fitzgerald, whats your comment on that one . Good, i dont think they should. Amazon is a capitalist thing and money is going where its traded best, they dont want that in their house. Stuart youre such a conservative, im surprised you live in oregon, its extraordinary. Are there any other conservatives in oregon . A couple bopping around there. Maybe maim the only one, i dont know. Stuart and amazon, we know theyre working on projects, delivery drones, got that. Vending machine for the kindle ereader. But there are reports that amazon has a brand new product coming down the pipe one theyre calling bigger than the kindle. Who better to look at this than the editor and chief mark spoonhour. What have they got . Could have a few things up their sleeves, couple of things were hearing, the smart phone for amazon kind of deliverying products at chief prices. If youre a prime member today. You can get cop tent for free. And the carriers, they worry more about growth than profit a and thats a possibility for a smart phone . Yes. Stuart and they could feed their content to you on their smart phone. And also make it easy to shop for stuff on their smart phone. Stuart of course, another extension into the hardware arena. Thats right. Stuart possibility number two . Think of a set top box that could compete with apple tv and r row roku. Theyre creating their own content and tv studio similar to what netflix is doing. Imagine that coming into your home and competing against the likes of apple tv or roku. If theyre smart theyll find other ways. Lets say theyre watching live tv and seeing something you like. Adding something to the wish list so everyone knows about it or buy it from the couch. If anyone can do it, they can. Stuart thats fascinating. From a business standpoint because that puts them into the living room and makes it easy for you to take the content and buy through them. I got that. From a personal standpoint does this mean a set top box with one remote . I hope so. Stuart so do i. Id love to see some live tv pass through. Xbox is doing it today because theyre combining the games with live tv. So i think that amazon could do Something Like this, too. Stuart how secure are you in making this speculation about a smart phone and a set top box . I think theyre both fairly likely for 2014 because a lot of hires theyve made the last couple of years, theyve hired people away from windows phone, from palm and other places like that and doing that for a reason and its not just to bolster their tablet business. One last juicy bit of gossip from cbs and one saw a son aman person around a glass competitor. The way they can consume content wearing video goggles on the plane or train and feeding amazon content to your retina. Something they could explore for 2015. It could be on the horizon. Stuart you think one of those things are coming. Yes. Stuart yes. I do. Stuart youre on videotape saying that. Mark spoonauer. Thank you. Weve had two back to back days, the dow went up triple digit gains and now were down 60. And google is extending its reach, first Robotics Companies and now theyre branching out into hotels . Well have the details next. Those litt things still get you. Cialis tadalafil for daily use helps you be Ready Anytime the moment is right. Cialis is also the only daily ed tablet helpsapproved to treattime the msymptoms of bph, like needing to go freently. Tell yr doctor about all your medical conditions and medicines, and ask if your heart is healthenough for sex. Do not take cialis if youtake , and medicines, as it may cause an unsafe drop in blood pressure. Do not drinklcohol in excess. Side effects may include headac, upset stomach, delayed baache or muscle ache. 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The price of gold, where are we . 1242, not much change, up 3 an ounce this morning. Target executives going to testify before congress in february over the data breach that affected 100 Million People. Target stock is down on this. And the Syrian Electronic Army threatens microsoft with more hack attacks. I do own microsoft stock and its down one cent. No impact from that Syrian Electronic Army news. Google is working on providing 360 degree looks for hotels. Does that mean trouble for hotels. Com . And let me see if ive got this right. I can go on google maps, i look at a hotel, they give me a 360 complete round view of the hotel room im thinking of. Then i can go to Google Wallet and book that hotel room. Thats a nightmare for hotel. Com. Thats a and how huge the travel industry is. Expedia inc. Is the Parent Company to hotel. Com is the Largest Global travel agency in the world and yet we only make up 3 , just 3 of the 1 trillion dollars travel industry space so theres so much room for players to grow. I think thats the first important thing. Stuart thats a very honest admission. Thats very honest. I was expecting you to say, no, no, google, we dont care, but thats very good. Make your second point. Go. Okay. The second thing i say is content is obviously important when people decide where to book a hotel room. I travel, you travel. Im sure the viewers travel. We want to know as much as possible about a hotel where you get there. Nobody likes a nasty surprise, right . So photos are definitely important and we have high Quality Photos on hotels. Com and we actually just released an updated iphone and ipad app, almost exclusively featuring high fault photography, but you know, stuart, its not just photos that are important, guest reviews, guest reviews are super, super important to people and what i say about hotels. Com is that we have over 10 million verified guest reviews and that word verified is really important. So, what that means. Stuart how do you verify is. How do you verify . Its a great question. So, a customer actually has to book their hotel through hotels. Com, they actually have to stay at the hotel and then after their stay is completed, we email them a specific link to leave a review for that hotel. They cant just come to hotels. Com and leave a review for any hotel, you actually have to stay there. Just another piece of content. I would have thought that the principal storm of competition is price. I mean, you can compete on price, i take it . Oh, definitely. So, price is really important, but something that, you know, often working in the travel industry and family and friends say what tips can you give us on getting great deal and travel. Price obviously matters and you have to be competitive on price, which hotels. Com is. But other things matter. Too. So we have a Loyalty Program called welcome rewards and my husband always jokes at a cocktail party, ive become a walking advertisement for welcome rewards for hotels. Com. Its the best in the industry. Stuart im sorry, im out of time. You just delivered a terrific, terrific commercial for hotels. Com. You come again soon. Thanks again, stuart. Stuart its a pr nightmare for sea world. A documentary exposes what it says is behind the company, mistreated whales and after the break more on fox business. Talk about expanding your customer base, linkedin have as pointed the first in china chief. And united melt says that United Health says its going to be better, the question is will they get a bailout from obamacare . The website is far from secure. Tens of thousands of peoples personal information exposed and the administration is doing little or nothing to prevent it. Ill have my take on that. 10 25 this morning. A pr nightmare for sea world all starting with a documentary. That film exposes not only mistreatment of animals, according to the movie, but an unsafe and even deadly work force. One worker was killed by one of the whales. Elizabeth macdonald is here with exclusive information on this. First up, the feds, seems like they are going after sea world. Yeah, thats right. Osha is saying unsafe working conditions for employees at sea world. Sea world is battling osha in federal Appeals Court right now and Court Documents that fox business has obtained show that basically what sea world is telling the trouble about its whales not being aggressive, that its whales not, basically putting the workers in unsafe conditions, thats what sea world is also telling fox business. These documents show this, that the whales, including tilikum, the one that killed this worker, sometimes lunging towards control trainer. And thats six months before the trainer was killed. Stuart so they are defending against is attack from this movie from Animal Rights activists as well. Now, the ceo claims that that movie, i think its called black fish is that right . Yes. Stuart he says look, its an activist movie. Thats all it is. It looks like the guy is in damage control, isnt he . Yes, this is a classic story how does a company handle a hit to its brand. They say its unfair, its slanted and we rehabilitate animals, 23,000 last year and doing the while trainer shows for decades. Here is whats at issue, osha says you cannot train out of a killer whale its predatory instincts. So that its still not hitting the stock. The stock is up in trading day. Its a publicly traded stock. I think its up today. Whoo ill while were looking at that. I believe some musical acts have canceled going to sea world. Look at that. The stock is up over 4 . Whats happening is sea world is out recently preannouncing just revenues, just Sales Numbers, record Sales Numbers for 2013. Not preannouncing profit, not preannouncing costs, thats an issue. What youre seeing here music acts are canceling. Reports indicate trace atkins, willie nelson, pat benetar and heart. Were doing a twopart series, first is quality of earnings concerns sea world, blackstone bought it, took it public and loaded it up with a lot of debt and thats an issue for sea world, a lot of that debt is coming due over the next six years or so, so we need the cash flow to come in the door. Stuart it seems like the defense is working at the moment. You know, i tell you the numbers theyre using is the own version of cash flow, so its inflated that adjusted cash flow. Stuart stay there, everybody, weve got another hour for you coming up after this. Thats correct. Cause im really nervous about getting trapped. Whys that . Uh, mark . Go get help i have my reass. Look, you dont have to feel trapped with our raise your rate cd. If our rate on this cd goes up, yours can too. Oh that sounds nice. Dont feel trapped with the ally raise your rate cd. Ally bank. Your money needs an ally. Open to innovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. voseeker of the sublime. Ro. You n separate runway diculousness. From fashionhat flies off the shelves. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. And only national isanked highest in car rental Customer Satisfaction by j. D. Power. natalie ooooh, i like your style. vo so do we, business pro. So do we. Go national. Go like pro. Speak to good morning, everyone. Welcome to our second hour. We ask this question, will African Americans deserted the democrats this year . No work, no welfare. How do you feel about that . Two products preying on fear. Folds soaked to clean your disease plagued cell phone. Congress right now heres about obamacare security. Your info is not secure. Stuart try this for size. Here is a big eyeopening number. That is how much americas that china owns. It is a new record high. Remember, they will collect interest. The money flows out of america and into china. Charles it is very expensive to run the welfare state. Pennsylvania, the chinese invested 40 million. They are buying america on the cheap. They are very smart. Our government cannot eight equals the size of spain or indonesia. Will china have to sell its treasury . Especially if inflation kicks in. It is an overhang issue. Stuart we borrowed that kind of money from them. They have leverage over us. Would they damage their own holdings, though. Stuart i have to move on to what i will call the stock of the day. Best buy. Weak holiday sales. How bad is it now . Nicole a tough, tough day. Down 31 at the open. It has improved slightly. Walmart did not do well. They just did not have the supplies in tablets and folds of the like. Online was the only bright spot. Stuart 28 down for the stock is tough. Well said. Goldman sachs made 200 billion ofit. That profit was down. Charles it is not necessarily a big deal. What are they buying . They can make money when main street is not making money. Goldman sachs is near alltime highs. If they run into trouble tomorrow, everyone watching the show will have to write a check to them. Stuart they make a lot of money. It is extraordinary. Two headlines on obamacare for you. A group of Cyber Security professionals warning the government you fail to fix Security Problems on that website. There is a hearing into that going on right now. More than 20 vulnerabilities are still not fixed. Should the government keep on advertising and saying come on in, sign up for obamacare. No, it should not. You have a government mandated insurance. The information has been at risk of cyber attack. There is a new legislation from charles it will not even get voted on. Stuart they do not have to tell you they lost to her information. Basketball legends to promote obamacare. Magic johnson. The ads will begin airing thursday. Charles it is their prerogative stuart i wonder if they are getting paid. Big people at high places owing him a favor. Stuart some democrats are clearly abandoning president obama. Yesterday, the president met in north carolina. Even president s former reverend blasting the president. Montanas former democrat governor wants to run for president. Brian, if you cannot think of something nice to say about something, change the subject. Stuart here is crystal right. I have a serious question for you. Do you think the African American community will walk away from the president this Election Year . I think black americans are getting really disgruntled at our promise maker, our president called barack obama. You have high unemployment which has consistently been in double digits since the president took office. At the same time, you have black americans, as you know, voted for the president over 90 both times. What do they get out of it . We have immigration. All of these things do not really affect the prosperity of black americans. I think blacks are scratching their heads. Stuart i do not think you thats will jump ship and suddenly stop voting republican. You are a conservative. I think the best you can hope for is African Americans stay home. They do not vote. No. I believe in the constitution. I would never encourage any american to stay at home and not vote. Stuart i am saying that may be what happens. I think it is possible that black americans may stay at home during the midterm election. Depending on who the nominee is, they could very well stay home in 2016 bid i think we are looking way ahead of this. It creates a door opening for the republican party. What are we doing . We are sitting on the sidelines. Frankly, we need other faces, i talk about this a lot, i love you, stuart, i love all of my white friends, but that is not enough. We need to go ask for votes. [laughter] charles i grew up from harlem and bronx, if you listen to our conversation, you would have thought they were in the tea party. When you mention it depends on who is running, it depends on who is running on each side. I think it depends on who the candidate is for the republicans, as well as the democrats. Stuart which republican candidate do you think africanamericans would go out and vote for . I think before governor christie had these issues, he was definitely in the space of being taken seriously by black americans. I think rand paul is a contender. I think we need to put aside the speculation of who is a front runner. What happened to her . Senator barack obama slipped in. We the people are going to decide. I think it is premature to be talking about front runners. Stuart crystal right. Conservative black chick. Thank you very much. After the break, profiting off year. Cashing in on the polar vortex. The fear factor may be working. That is next. Hopes on a feeling will go im high on believing that youre in love with me both go the logo [ me announcer ] this is the story of the dusty basement at 06 35th street the old dining table at 25th and hoffman. And the little room above the strip mall f roble avenue. This magicomt it is the story of where every great idea begins. And of those o believed they had the power to do more. Dell is honored to be part of some of the worldgreat stories. That began much the same w ours did. In a little dorm room 2713. This magic moment theres nothing like eing your own boss and my custors are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping wi the reliability of fedex. And you will know my name is the law when i lay the fingers upon the. Stuart a little violent, wouldnt you say . That was from pulp fiction. Mr. Weinstein says he will produce an antigovernment movie that will make that nra wish they were not alive. He does not believe that we need guns in this country. We often give our next guest a hard time. This time it is the fear of the polar vortex. Welcome back. I do not create fear. It is clinically proven. You get better. It is really that simple. People purchase the product because stuart the polar vortex that a 30 increase in flu cases, if i am not mistaken. This has to do with reality. It got really cold across the country and people got sick. Across the country, states went from high alert. People are sick across the country. They should be going to their pharmacists. They should be getting their flu shots. Stuart prophase labs. Lets do some research. I am not here to promote my stock. I do not want to provoke my stock. I would not do it if i did not believe in my brand. You are an articulate spokesman for the product. Stuart you came in from the outside. They brought you in. I actually provided the original working capital. Charles that is when all the zinc based stocks were going through the roof. We had consumers started starting to purchase the stock. Marketing had dried up. I came and turned around the brand. We have grown each and every year. Stuart you are up against the big guys. The big guys are providing, for the most part. You take them and you feel better for twofoursix hours. Those products are symptom relievers. After the product wears off, it you have to take it again and again. Stuart you are the most articulate promoter of your product and company. Roughly 1 billion calls every year. We are talking sevennine days. You could save 304 billion sick days. As im walking off the program, i run into charles in the hallway last time. Charles said this is great because the staff is all asking for you. You know you are a popular guest would you bring free samples for the crew. 2 i love being on the show. Stuart charles will make us some money. Charles bring your own device. I have an apple, someone else has a samsung. It is driving everyone nuts. The device management. I think it will be huge. The problem is the height. I think it is starting to actually happen. Markets to client. It is one of the few times it is not a yellow flag. I think this could be a 30 stock. Exchange. Gov. I think that is healthcare. Valve. Far from secure. The administration is not doing much, if anything to fix it. [ cellphones beeping ] [ cellphone rings ] hello . [ male announcer ] over 12,000 financial advisors. Good, good. Good over 700 billion dollars in assets under care. Let me just put this away. [ male announcer ] how did edward jones get so big . Could you teach kids that trick . [ male announcer ] by not acting that way. Ok, st quarter. [ male announcer ] its how edward jones makes sense of investing. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Stuart breaking news, Mitch Macconnell says 40 senators will file a revolution of disapproval. Coal stocks have been hammered under the Obama Administration so far. They are up. You have to look at best buy. Weak holiday sales. Down it goes. 26 . Companies are trying to make money off of them. Do you think they are profiting from fear . Plus, talking about the push to require people who work that are on food stamps. The obamacare website is still not secure. Your info remains at risk to hackers. Should the Administration Keep urging people to sign up . The simple answer is no. It is wrong to force people to diebold should in very personal information without taking every possible step to keep it secured. Security experts say your info is still not protected. They say the floors have not been fixed. David kennedy runs a respected security company. He took a few minutes to write a software program. He plugged it into the healthcare. Gob website and he came up with 70,000 personal records. He did this after a fix had been promised. Some of these experts will be testified before congress what a contrast with targets date of breach. They were hacked. Target fessed up. They are trying to limit the damage with remedial action. There has been no successful hacks so far that they know of. Do not force me to open up my personal life if you cannot keep it sacred. The government is not the answer to all of our problems. [ male announcer ] e new new york is open. Open to innovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creas more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Stuart that an lr delta is accusing of retaliating against workers who participated against protests. A quick take on that. Charles they will never stop going after walmart. It is par for the course, if you will. Stuart next, amazon workers, they voted to reject an initiative to form a union. Charles, i was surprised by that. Charles only 27 workers. The vote was 21six. It was overwhelmingly a rejection. They make good money. These guys, i think, listen, they had a choice. The union is pretty bruised up right now. Stuart more stock stories for you now. Charles six times last year. Here is another sweet thing about this. Stuart i like that. Jcpenney closing 33 stores. That puts 2000 people out of a job. Charles it should have been massive. These kind of baby steps open them up for scrutiny. I think they have a big enough Balance Sheet to turn it around. Stuart according to some studies, your smart phone could have more germs on it thinner average public restroom. Companies are already capitalizing on this. It is called the phone soap. It uses ultraviolet light to clean your vote it charges your phone at the same time. Come on in the phone scope soap cofounder. Thank you for having us on. I have one of these things. Your phone fits in there. It has ultraviolet light here. It cleans it. It charges it. Serve, how much . They are 50. You can find it directly on our website. Stuart are you playing on fear . Your phone is dirtier than a public bathroom. Well, so, our bodies are good at taking care of bacteria. The normal amount of bacteria is actually good for us. The idea is there are a Couple Services that we have created, the phones that are one of them, that have a high amount of back area. We are trying to level the playing field. Stuart i think you are playing mostly to the germ phobics. The people that are extremely worried about germs around them. That is a relatively small market, is it not . Larger debut with think. There are germ of obex and there are those that are concerned with general hygiene. When your hands get dirty, you wash them. Winter keys get dirty when your teeth get dirty, you brush your teeth. It saves clean until you would get them dirty again. We have designed it that everyone has a habit of charging your phone. This allows cleaning to be part of that habit. Stuart all right, we hear you. We appreciate you being with us. Thank you very much, indeed. More proof that 3d printing is the next big thing. The software company, adobe, they say you will be able to design something on photoshop then printed out using a 3d printer. I think, charles, that opens up 3d technology to a much bigger market. Charles it could be this christmas, if not this christmas, the next christmas. Stuart you can design what your product will look like in function. Charles one of the names with hersheys. Stuart i have heard of that. Stuart here is a noble idea for you. If you want a government handout like food stamps or welfare, you have to look for a job. We will deal with that next. [ le announcer ] what if a Small Company became big busins overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. Stuart yahoo second in command Marissa Mayers first higher out after failing to increase ad revenue. Big numbers from Goldman Sachs. It was down, however, in the stock is down two dollars. 1. 3 . Best buy reported weak sales for the allimportant Holiday Season. The stock is down 26 . Facebook may be losing its cool. Youngsters have abandoned the network. Facebook stock does not care. Up 0. 30. Link in has appointed its first china chief. Look at it go. 5 higher. Next, welfare, should you have to look for a job to get it . Mine was earned orbiti the moon in 1971. Afghastan, in 2009. On the u. S. S. Saratoga in 1982. [ male announcer ] once its ened, usaa Auto Insurance is often handed down from generation to generation. Because it offers a serior level of protectn. And because usaas commitment to serve current and former miliry members and their families is wiout equal. Begin your legacy. Get an au insurance quote. Usaa. We know what it means to serve. Stuart look at this. Netflix gets its first ever oscar nomination. I doubt it has had any impact on the stock. More than a half percent. Nicole we are talking about the first oscar nomination. Kevin spacey, house of cards, nominated for an award. Netflix very relevant in the award ceremony. Stuart i think it is a fascinating company. We have star parker with us. She is a former welfare cheese. I take it you think that the work requirement is a good thing for food stamp recipients. I am glad that congressman Steve Sutherland brought it up on the floor. We have allowed government to go unchecked. They are reckless men. Work is important for selfworth stuart when you were a welfare chief, you were very good at it. I have heard the story. You knew how to milk the system. It is simple to get around it. The fact that we require it as american people, 90 Million People on food stamps is not healthy. Yes, there are ways to get around the system, if you will. Most americans are not looking for ways to get around whatever type of flaw is in place. You have to get up off the couch. You have to be this. Stuart if i say i think the rules on allowing people to receive food stamps should be really tightened, back to where they were before president obama loosen the regulations, if i say that, i am called harsh. I am taking food out of childrens mouths and i am a bad guy. Can you get around the demagoguery . I hope that steam holds his ground on this. We have done it for 50 years. The end result is chaos. We have to stop this from spilling out. Stuart i asked this of crystal wright. Do you think African Americans will walk away from the democrats and walk away from president obama . I think they are stuck in yesterday. It is like your family. The more he does, the more he gets away with when it comes to this community. I do believe that the senate will change in the next election cycle and we will be able to slow down this tyranny that he has against american culture. Stuart tyranny that he has against american culture. It is inconsistent with the very things that will help the black community on an economic path of success. The news that they hear is from the left. The hardcore left. Welfare is not good for any community. Charles you watch Stuart Varney all the time. We will just keep pushing it out. Stuart you can come back any time. A double standard for eric holder. According to the gop, holder is stalling. Back in a second. M kind. Its not caused by a heart valve problem. Dad, it says your afib puts you at 5 times greater risk of a stroke. Thats why i take my warfarin every day. But it looks like maybe we should ask your doctor about pradaxa. In a clinical trial, pradaxa® Dabigatran Etexilate mesylate . At reducing the surisk of stroke. Rin and unlike warfarin, with no regular blood tests or dietary restrictions. Hey thanks for calling my doctor. Sure. Pradaxa is not for people with artificial heart valves. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke. Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleedin dont take pradaxa if you have abnormal bleeding or have had a heart vae replaced. Seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you ke certain medicines. Tell your doctors about all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask your doctor about reducing the risk of stroke with pradaxa. [ male annncer ] with nearly 7 million investors. Oh hey, neill, how are you . [ male announcer. Youd expect us to have a highly skilled call center. Kevin, neill holleys on line one. Ok, great. [ male announcer ] and we do. Its how edward jones makes sense of investing. Benghazi was preventable. Al qaeda not on the run, so says the intelligence committee. Jack keane on this report. The Obama Administrations web of lies. Tonight, 7 00 p. M. Eastern. Please be with us. Stuart just in the last couple minutes, the dow has taken a small tumble. We were down 60, now we are down 90. Charles has a opportunity on ebay. It is putting your money into something that is on. Charles something that could be a huge investment. Here is the thing, that is a guy named Stuart Varney. That is on ebay. [laughter] the bidding has not necessarily been fast and furious. Stuart i did not know about that. How much would you bid . Charles i would start at 20. I will get this thing really going. Stuart that is all it is worth . That is from my days with another network. Autographed, did you say . Is it . Who is selling it, do you know . My wife. [laughter] stuart get it off the street. That is not a bad picture. Should we move onto Something Else . Charles i think we should. Stuart concerned about a probe and conflict of interest. An obama supporter that donated to the president , she is running the internal irs investigation. Charles both men make contributions to the president and democrats in 2000 through 2004. She has been a firm, solid supporter. This outcome could be negative for the president. It is just, it is unfathomable that you could play someone i am glad they are pressuring them. At least the American Public should know that this will not be, by the way, on the other hand of this, the irs is being in their face. We are bringing in all the troops. We make sure that we snuff out the twoparty vote in the midterm elections and president ial elections. Stuart eric holder has two investigations into governor christie. Stuart i would call that a double standard. Thank you, charles. We will have your take on the picture of me in a moment. [laughter] m ] this is the story of the little roo over the pizza place on Chestnut Street the modest first floor bedom in tallinn, estonia and the southbound bus barreli down i95. This magic moment it is the story of where every great idea begins. And of those who believed they had thpower to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way ours did in a little dorm room 2713. This mag moment stuart a few minutes ago we showed you an autographed picture of me that one of our producers found on ebay. We asked you, hold up would you buy it for . Be there it is, theres the picture, its autographed. Heres what rob says. Im tempted to buy it, definitely a classic. Okay, rob, how much would you pay . Kathy says, that photo is priceless at any price. Okay. How much . Gregory says, looking to make some money on your autographed photo . Write a book. Everybody else does. Good point. But how much would you pay . The bidding has begun. I think you got a buyer. Stuart i did . Yeah, drum roll. 12. 18. Yeah stuart why 12. 18 . The bidding process, i dont know. Someone priced it at 12, someone said 12. 01. Stuart youve got to remember supply and demand. There is an Endless Supply of pictures of me. With your autograph as well . Stuart probably not, no. That adds a little value to it. Stuart only 12. 18 . [laughter] do something crazy, hijack a bus or something, you know what i mean . Stuart i should bring in a picture of me on my hong kong id card which shows me with a full head of hair and a very youthful look. I do have one better though. Stuart what . The one on the tractor with the flipflops. Stuart stop it. Out of time. Dagen, connell, get me out of this now. Connell took our line there, charles payne. Thank you very much, sir. We do have breaking news. Dagen thats right. In just a few moments, we expect the hear from outgoing Federal Reserve chief ben bernanke, this expected to be his last public appearance as the fed chairman. Onnell well be taking that live and the q a, but, first, a few other things to talk about, including another obamacare bombshell of sorts. As a matter of fact, at this hour they have experts giving what might be considered to be alarming testimony about the administrations failure to patch several critical flaws in healthcare. Govs site in terms of cybersecurity. For more on this lets bring in Government Technology expert and street cred software ceo nick selby. Let me ask you about a couple of words that i just used in terms of describing whats going on in the hearing. Number one, to say its a bombshell, was it okay to say that . And number two, to describe whats going on there as alarming. Was it okay to say that in your view . Oh, i absolutely think that its both a bombshell, and its alarming, and the problem is that the bombshell was dropped in november by many of the same people. They werent believed, and really ther