issue of immigration and american companies fleeing abroad. fox news contributor monica crowley is here. right from the get-go on that one. looks like amnesty for millions of illegals and he has got a big stick and he will whack american corporations to try to go overseas. look, monica, three months to the election. i say that is all pure politics. >> of course, but it is also policy too because he wants these things done to fit his left-wing agenda, right? he shown us time and again over 60 years, stuart, he doesn't need congress. he is more than willing to bypass congress whenever necessary. he is taking countless executive actions but none i think, none on important issues as immigration in particular. it could provoke a constitutional crisis. role of chief executive not to make law or change law. simply to execute the law faithfully. stuart: you will not get a constitutional crisis in the next three months. he will do it to run-up to the election. shoring up his base. there is no constitutional crisis. he will do it. >> he is saying to republicans make my day. taunting them on impeachment. he knows it is not in the cards, not realistic thing. if there were any move president could make could be something like this where going in unilaterally changing laws to suit his own purposes and his own political agenda. stuart: and he is going to do it? >> yes he will do it. you know what? nothing and nobody there to stop him. sort of like vladmir putin. who is there to stop him? nobody. he has done this before and republicans and even members of his own party have not stood up and said no, that is not right. you don't have members about congress on either side protecting their own legislative prerogative, that the founders gave to them to be coequal branch of government. they have not fought back. that is why you will get this. stuart: financially we're told there is a flood of companies which are going to announce they want to go overseas. this month, someone told that to senator schummer i believe. now if the president comes in and whacks them and says, don't you do that, then the, a lot of companies will not be able to go overseas and a lot of stock prices which will fall dramatically, because this was supposed to happen to save them more money. is a big financial issue as well as political issue. >> rather than fight for lowering of the corporate tax rate, one of the big reasons why these corporations go abroad because the tax structure in this country is so oppressive, right? rather than deal with the core issue he will take executive action and do this and hurt the companies and hurt broader economy. stuart: you will never see president obama lower individual tax rates or corporate tax rates. i don't think he will ever do that. maybe will give a little on corporate tax rate front next year, maybe, but that is a big. >> he is classic leftist who believes sticking it to corporations and redistributing the wealth. stuart: what the [bleep] just happened? wasn't that your book? >> thanks for the plug. stuart: are with us through the hour? >> i am. stuart: stick around. look at this, the price of oil is leading market coverage this morning because we're down to $96 a barrel. there is good news encased in that. look at this. this is one of the weeks of the summer driving season, look what i'm showing you, $3.47 price for gas. that is lowest price for regular gasoline in the last four years for this part of early august. look at that, 3.47. down she goes of the check the big board, we have turned negative literally last 20 minutes. we were up 40. now we're down 16. 16,426 is the level. s&p 500 down a tiny fraction. down one point, 1918. gold dead flat, hardly changed at all. 1307. yield on 10-year treasury? 2.4%. in other words we're still below 2 1/2%. what does that tell you about a flight to safety? what does that tell but future of the america's economy next 60 months? yields down. individual stocks, we have some moves. twenty-first century fox, parent of this network, made more money than was expected. the stock is up because executives say they will not make another bid for time warner. market likes, that, up twenty-first century fox. next one, whoa, bank of america is close to a record $17 billion settlement with the justice department for mortgage practices before and during the housing bubble. $17 billion. biggest settlement ever! apparently priced into the stock. so the stock is not reacting at all to $17 billion. it is up a nickel. 15.25, b-of-a. next one, i have got a winner. 3d printing company, we're following it closely, stratasys. why is it up so much,>> we follg companies. everybody is following them. we see them as momentum stocks. they haven't done well in 2014. today stratasys is such a great picture. it is up 20%. we saw 67% jump in quarterly revenue. they have seen strong demand for the maker bot, branded products and services but i wanted to take a look year-to-date. stratasys this year for 2014 actually is a laggard, down about 12% this year for 2014. but you know what? it is doing so much better than some of its competitors. 3-d systems, that is down 47%. x-1, that is down 46%. if we were to put up comp charts you see stratasys was the best of the three. by the way, got a quick peek at tom farley there in the gray jacket. stuart: who? >> he is the president, new president of the new york stock exchange now after ice got together with nyse. stuart: i'm sorry. i should have known that. >> no, you didn't even hear what i said. he is very young and see him right behind me in the gray. stuart: he has got his back to us. that is outrageous. >> no, he doesn't? he is facing us. gray suit. stuart: that gentleman. okay. thank you, mr. farley. nicole, thank you very much indeed. the dow down 27. new estimates from the congressional budget office. 25 million people do not have health insurance and will not have to pay a fine because they don't have health insurance come 2016. they are miraculously exempt. the report shows only four million people will actually pay a fine. so in other words, here's the question, why sign up, if you don't pay a fine for not signing up? got it? steve moore, heritage foundation guy is here. look, i'm laughing at this but it is not funny. there goes the individual mandate. >> really this undercuts the whole enforcement mechanism of the bill and in fact if you look at the cbo numbers they indicate after 10 years of obamacare we'll still have 30 to 35 million people uninsured in this country. then you ask what was the whole point of this if we have, whole idea of obamacare was to provide insurance for people. what we're finding a lot of people can't afford premiums. stuart: right. >> what that means people opt out. for the people who are paying their premiums, guess what happens to those? stuart: premiums go up. >> absolutely. stuart: "wall street journal" says there are 14 relatively new ways to avoid paying the fine. if you're victim of domestic violence, if you have substantial property damage, if you're an illegal immigrant. member of native-american tribe, religious sect, you name it, goes on and on. >> three of us are only -- stuart: oh, yes. >> about everybody else is, one big problem with this story is that these fines were actually supposed to be a mechanism to pay for the bill. so not only does that mean you've got a lot of people without insurance, it also means the money isn't coming in to pay for the bill. i always said since day one one of the biggest lies from obamacare was that it was going to pay for itself and not going to increase the deficit. now we know that was a lie. stuart: i think we've got the president on tape. we don't have it now, we do have the president saying it will not raise one cent i think was expression. >> i think he might wants to take that one back. stuart: if he corks i don't know whether he would or not. i don't know. i got to get your take on this one. i'm growing to call this a sentiment indicator. it is from the latest nbc "wall street journal" poll. 49% of those polled say the u.s. is still in a recession. that's the way they feel because that is the way it feels to them. is that valid? >> i wrote a piece on factnews.com on this subject. "wall street journal" poll shows real deep skepticism from americans across the board in terms of this recovery. they don't think this is a real recovery. stuart: they don't feel it, do they? >> they don't feel it. what is so interesting to me living in washington, d.c., almost like washington is bubble. president obama was doing cartwheels because we got a good employment report and american people are not buying it. i suspect one reason, i don't think a lot of americans believe these statistics. when government says gdp was up 4%. i'm not feeling, that my income is falling. when government says unemployment rate is 6.3%. people laugh at idea that we only have 6.3%. the real unemployment rate is 12%. stuart: listen to this one. i will go back to the interview that the president did "the economist.." part of what he said is germane what you said. he did the interview with the conn mist. here is the quote, since i came into office there is almost no economic metric you couldn't say that the u.s. economy is better and corporate bottom lines are better, none. he is saying by any measure, any set of statistics we're doing better. >> i will give you two that are, you know, indisputably worse. number one, something you talk bull at time on this show, the big decline in labor force participation. if you -- that's a big problem for the economy when you have a plunge in the people working. the second is, average middle income, incomes of middle income families are falling. incomes declined by $1500. that is how a pretty key indicator. stuart: is that statistically accurate. >> that is from census bureau. stuart: middle america, purchasing power squeezed down, going down. >> $1500. for median income household in america. those are census bureau data. that is exactly why, stuart, that "wall street journal" statistic found half of americans don't think there is recovery. you know why? for half the americans there is no recovery. stuart: suppose we continue with 2% growth. suppose we get to 3% growth this year -- >> i will take it. i would take 3%. it would be a big improvement what we've had the last five years. stuart: would we get back to prosperity with 2% growth? >> no. stuart: i think you're right. that's what we're looking at for next couple years given these policies. do we return to prosperity? >> 2% is running on treadmill. they're running to stay pays. we need, what we have not had in this recovery, is the big breakout, the big four, five -- we had 4% this quarter even if you believe that statistic that was coming after 2% negative. that is catch-up. we need month after month of 4% growth. one statistic i love to throw out there. in the reagan recovery, we had one month where we had a million jobs created. we had four quarters of over 7.5% growth, 7.5% growth. not four, not five, not 60, 7 1/2% growth. that is what we should aspire to. we have never had it. stuart: president rage gan came into office january of '83. >> this is '84. stuart: you have cut taxes and great rates in '82 and '83. >> as soon as those economic tax cuts kicked in the economy exploded. stuart: that is fascinating. >> it really works. stuart: heritage foundation. but it is out of fashion, isn't it? you would be demagogued to death. >> liberals say tax rates don't matter. if tax rates don't matter why are all these companies don't leave united states? they don't have explanation for that. stuart: as soon as conservative says cut individual tax rates the opposition immediately says -- >> cuts for rich. stuart: all you do is give money to the rich. that is all you do. at the moment that is winning political argument. >> i hope not. stuart: it is. >> we'll see. we will see in november. stuart: we got gasps from the studio crew here. >> get the corporate rate to zero. then we'll bring jobs back to the country. stuart: $2.1 trillion back to america. that is what you do. >> that is a pretty big number. stuart: dream on, dream on, stephen moore. i have a news alert for you. it is from the pacific. two hurricanes, two hurricanes heading for hawaii. first storm iselle. category one. landfall expected to night, 80 mile-an-hour winds. second storm, julio, category two. not expected to be a direct hit. may weaken to a tropical storm by the time it reaches the big island on sunday. first time i believe we've ever had hawaii hit direct by a hurricane. i believe that is a first? sorry, what? that's not true? >> by two consecutive ones. stuart: two consecutive ones. corrected by the crew. thank you midtores in the studio here. we have a couple young journalists who are walking around. gentlemen, thank you very much for that correction. another outrageous example of political correctness gone wild. a restaurant offers a 15% discount to anyone who prays before the meal. they're threatened with a lawsuit. what a country. judge napolitano, fired on this one. he is up after the break. stuart: we turned south down, 29 points. reversal where which were last half hour. 16, four. news alert. news alert. despite about injury, tiger woods is playing in the pga national championship. he teed off with, he told reporters he is virtually pain-free and coaches quote seem he is back to normal. tiger currently one over par at pga. listen to this, mary's gourmet diner, north carolina, offering 15% discount to customers who said grace before their meal. said grace, get a 15% discount. that ended because owners were threatened with a lawsuit. all rise. judge andrew napolitano. this is interesting. not a key issue. we'll get to a key issue in a moment. i want your thoughts on say grace, get a discount. along comes some organizations, sues you withdraw the discount. >> i can't imagine what the basis for the lawsuit would be. these people can give a discount for anything they want. that is not against public policy. they couldn't give you a discount for coming in being drunk and disorderlily, but they can give you discount for dressing nicely. they can give you discount because they like you. they can give you discount because they agree with your religion. they give you a discount because you say grace. i would be curious to read the lawsuit and understand their theory. stuart: i'll tell you. it is easy, judge. you know this one. if you are sued, even on spurious ground, you got to defend yourself. >> no, no, i'm critical of the lawsuit. i'm not critical of these people making their decision. unfortunately because we don't have the english system. stuart: thank you. >> they have to defend themselves. however, north carolina does have a provision in its court rules if the lawsuit is utterly frivolous, court can characterize it as that, than the defendant gets his fees paid by the person who filed the lawsuit. i don't understand what the theory of the lawsuit would be. if you're oaf fended because people in the next booth will get a discounts on their bill because they said grace, go eat somewhere else. stuart: i think i'm with you on this one. >> all right. stuart: there is absolute compliance. we like this one. now this. now, president obama, he defending his use of executive action. listen to this. >> i never -- i'm bound by the constitution. i'm bound by separation of powers. there are some things we can't do. >> okay. i think he saying i'm bound by the constitution. >> very curious phrase to hear from him. i mean almost all presidents have pushed to their authority to the constitutional limits but we have not seen in the modern era the lawlessness of this administration. there is a long list of things from obamacare to immigration, to the cia spying on the senate, to condoning lying. this is, outrageous. this is a serious threat yet again. for him to do by executive fiat, what the congress refuses to do by legislation. when ronald reagan was frustrated by democrats, he did not try to get around the constitution by signing executive orders. he went over their heads. he went to the people. he delivered magnificent speeches. he used the bully pulpit to cause the voters to put pressure on their representatives and whenever he really, really wanted it to work it did. he is unwilling or unable to do that. so he wants to circumvent the constitution by rewriting laws or reinterpreting them so as, that they're enforced the way he would have written them, not the way congress enacted them. stuart: he is reinterpreting laws. that is what he is doing. >> particularly with respect to immigration. stuart: we should point out, we're referring to hear here to executive action, vis-a-vis immigration. >> yes. stuart: looks likes he will give amnesty to millions of illegals already here. >> if he does that, he will invite a tidal wave of division and dispute in this country, likes we haven't seen in couple of generations. stuart: yes. but he will pay a political price. >> that's what i mean. stuart: or he will win politically. >> i think -- more monica's field than mine. democrats running for re-election in the house and senate don't even want him to campaign for them this year. if he does something like that they will renounce it or take their names off the ballot. stuart: wait a second. have judgment. if you agree with me this is political move by president, you say it in constitutional terms i say political terms. >> right. stuart: you say is it a winning political strategy or is it losing political strategy. >> this is politics by the agenda of the far left is change very nature of country. one way you do that flooding zone will legal immigrants. ultimately make them legal so you lock in a permanent democrat voting majority. that is why is doing it. going into november, he is perfectly willing to roll the dice and take this on. because it suit his larger agenda. there is no loss. nobody there to stop him. >> i agree with everything monica saying he can't on his own make them citizens and he can't on his own make them lawful. he can while presidents say, i will not prosecute, i will not deport you, go about your business. that can be undone by his successor. but in the interim, the flood and the dispersion of children as if they were pawns at the southern border continues. stuart: okay. judge, thank you very much indeed, sir. russian troops massing at the ukraine border. defense secretary hagel says a russian ground invasion is a real threat. here at home, president obama about to take off for his summer vacation on martha's vineyard. we'll discuss it all next with the dow down only 14 now. ♪ [bell rings] ♪ time and sales data. split-second stats. ♪ its so close to the options floor, you'll bust your brain-box.n, from td ameritrade. we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no 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only at a sleep number store, mattresses with sleepiq start at just $999.98 because everyone deserves a great night's sleep. know better sleep with sleep number. shanahan as 20,000 troops along its border with ukraine. defense secretary hegel scene is growing threat of invasion. here is what he said. when you see the buildup of russian troops and sophistication of those troops, the training of those troops, along that border, of course it is a reality, a threat, a possibility absolutely. what are those troops doing there? >> the defense secretary is stating the obvious. vladimir putin is matching forces. in 2008 he went into george and nobody stopped him. a couple months ago he went into crimea and and nobody stopped him. then he went in wielding all this influence in the eastern ukraine and no one stopped him. stuart: everyone is kind of nervous. you have the russians with troops, massing on the border of ukraine, they are pushing back against the sanctions which we put on them. it is a very topsy-turvy time. >> they considered themselves under the nuclear umbrella of the united states, we have given them security guarantees that we would protect them, we have not lifted a finger to protect them. vladimir lenin once said of we lose ukraine we lose our head. ukraine is essential to the nationalist thinking of vladimir putin and now that he has made these advances he is not just going to stop and let it go and with nobody to stop them, not the western europeans are weak united states. of course he will try to take the prize. stuart: just keynesian, always there, always pressure from some place. president obama's family is scheduled to arrive at martha's vineyard for the start of a two week vacation. he will attend a fund-raiser at the birth the college of music. leader in the week he will go back to washington for couple days to attend an unspecified event, then he goes back to martha's vineyard. the press is on vacation again at a time, forgive my french but all hell is breaking loose. >> nobody begrudges any president for taking time the problem is this has been a repeating pattern with this president. when the world is blowing up, the middle east, a jihad army within miles of baghdad, syrian civil war still raging and russian forces massing on ukraine, an ally of the united states, this president goes on vacation. he could act aggressively from wherever he is but he has chosen never to act aggressively. when the world's tyrants and terrorists -- stuart: he is the president of the united states. she has a staff around him, air force one, all the computers and communications systems wherever he is but he doesn't do it. >> the last six years he chooses not to act. that is what the world's cicadas and terrorists are acting the way they are. stuart: isis, the islamic group that took a big chunk of iraq have taken control of that damn. they control the juice and water for a big chunk of iraq. >> let's not forget the hamas war against israel. the president put all the pressure on israel, not hamas. stuart: optics. >> more destructive than that, destructive policies. stuart: dow industrials down 20 points, which leveled off, down 20 at 16423. doctors now using artificial intelligence to help find new drugs to treat cancer, artificial intelligence, we will talk to one of the researchers working on this project. i had no idea i had shingles. there was like an eruption on my skin and burning. i'd lift my arm and the pain back here was excruciating. when i went to the doctor his first question was "did you have chickenpox?" i thought it was something that, you know, old people got. "imus in the morning" when new way republican than going after the millennial vote, supporting of the sharing economy through companies like uber, in support of uber. the republican national committee sent out a petition saying our cities need uber, and free markets work. that is what the gop at doing right now for the millennial vote. and some technology for you. a startup company is using artificial intelligence to design cancer drugs. joining us from -- one of the researchers doing this is involved in the company using artificial intelligence. give me 30 seconds, tell me how you are using artificial intelligence, no jargon, please but make me understand in 30 seconds what you're doing to design cancer drugs using artificial intelligence. >> going back to biology. understanding patient biology, we are using high water math and supercomputers to merge biology and technology to essentially discover what is going on in a patient between the patient population is healthy and a patient population with a certain disease. the aye aye is able to segregate out the genes and proteins that have gone wrong and that is where the drug is. stuart: artificial intelligence. is it really artificial intelligence or as one of our producers said, predicted algorithms? >> it is the combination of high order mathematics and predictive algorithms. when you join together the high order statistics with supercomputing predicted algorithms that becomes high order a i that applies to medicine. stuart: i you cutting the time of design? are you taking the guesswork out of design? is that the objective here? >> absolutely. believe it or not most drugs that are developed and on the market have been developed by understanding of chemical compounds. let's go back and flint the model upside-down instead of allowing the chemical drugs to affect the biology, let's use the biology to develop drugs and we are taking the bias out of it because hypophysis driven science is just that, it is based on someone's idea. what we are allowing is using this technology to allow the body to tell us what has gone wrong and develop drugs based on is that. stuart: i believe you have a drug that is now in trial phase, 31510. what does this drug do? >> this is a cancer drug that is angeles which is the fuel that cancer drugs like to operate on. cancer likes to operate in a low oxygen state and the state of high lactic acid so this drug comes in and causes an increase oxygen level within the cancer cells. in an effort to teach the cancer cell how to kill itself. stuart: i you a private company? >> we are privately-owned company. stuart: where do you get your money from? >> berg is the namesake of carl berg of silicon valley, a visionary in real-estate and i met carl about eight years ago and together we essentially wanted to come up with a different way of looking -- developing drugs. on average it takes 12 to 14 years and $1.7 billion to create a drug. we thought there has to be more affective way, more safe way in developing drugs though carl and primarily the backer of all the funds. stuart: i you considering an ipo? >> all options are on the table right now. we are focused on developing these technologies and driving more of these drugs into clinics but all options are open right now. stuart: that means ipo is an option. thanks for joining us. come and see us again. bad news for anyone settled with student desk. if you $025,000 you are likely to be unhappy and unhealthy for decades to come. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain. it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. if your doctor decides viagra is right for you, you can fill your prescription at your pharmacy. or, check out viagra home delivery, a convenient place to fill your prescription online and have it shipped at no additional cost straight to your door. viagra home delivery. get started at viagra.com. nicole: i am nicole petallides with the fox business brief, the dow up by 65 points but in negative territory down 27 points. the nasdaq managing to hold on to a slight gain. the s and p lowered by 3 and 1917. take a look at the movers, looking at retail and fast foods, both far lower. they nearly doubled sales, they're sending money and expansion of 4%. teller seeing weakness. jack in the box and wendy's are both winners, jack in the box did lower by 10% and whene's is up fractionally at the moment, second quarter earnings more than doubled, look at carnival cruise with merrill lynch, the price target on that one for 4550. coming next, it turns out maybe making you unhappy. creates something else as well:ere jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. what wthat's never really being able tbeen possible.fair price. but along comes a radically new way to buy a car called truecar. now it is. truecar has pricing data on every make and model, so all you have to do is search for the car you want... there it is. now you're an expert in less than a minute. this is how car buying was always meant to be. this is truecar. stuart: ed snowden will be receiving a three year russian residents pair met as well as freedom to travel outside the country no more than three months at a time. monica crowley is with us. looks like another win for vladimir putin. >> another way vladimir putin is sticking of the thumb into the eye of president obama, eric holder, they would love to bring him back and president, vladimir putin says i got in and vladimir putin has already drained ed snowden of all of the intel he has. stuart: is that for sure? >> it hasn't been reported that use your common sense. of course the russian intelligence agencies have drained him. stuart: all right. moving to a totally different story. bad news for students with big college loans. a gallup poll found even 24 years after graduation those who borrow $25,000 or more at a lower quality of life than those who graduated without that. did a little deeper into the same poll. recent grads who owed $50,000 were much more likely to report feeling their lives lacked purpose and these same people, 16 percentage points less likely to say they felt financially secure. let's bring in lauren clark, a student correspondent. you have been with us before. i want to know if there is a revolt brewing among students through all the debt you are taking on. >> i think students are changing their opinion on big government and debt and this should come as no surprise to anyone, people that take up more debt, and not know exactly what they're doing, of course this will affect their health and happiness later on in life. stuart: i you guys starting to rethink the idea of taking on a ton of debt? or our students beginning to say we could use a bailout? what is it? you have got to have some response to this. >> right. students are starting to rethink the idea of higher education or at least rethink it in the traditional way of what is happening. because talk of hiring education is absolutely tremendous i think they're starting to look to more alternate ways, finding and starting a business themselves. stuart: are they studying different subjects, more engineering perhaps and less art history? >> i don't see that happening with students although it makes sense that that is what they should be doing, students should be studying what would be the best decision for them in the workplace. it is common economics but when you are studying women's studies or art history they are wasting a lot of money that doesn't translate to society and the job force. stuart: you are a conservative. have been on the program before, taken a largely conservative view of the world. are you total loner on your college campus? >> students and coming around to the issue, people are fed up with the leadership in washington, that nothing is changing and the economic side and starting to rethink the idea as a whole land come back to principles like individual responsibilities. stuart: that would be a revolution. i am being facetious here. you got a story about students losing health care because of obamacare. give me the story. >> leader should institutes recently published a story about campus university. they have to change the policy because they are capping the amount of our students can work on campus and this is all because they have to comply with the regulations of obamacare. stuart: the number of hours they can work on campus, what does that mean? >> whatever works best for their financial plan. and if they go any over than that, they will have to -- stuart: that is not people who work on campus? >> students also get their jobs on campus of this is affecting students as well. stuart: thank you for joining us. you are our report. ecb embedded in the radical campuses of the united states of america. thanks very much. actor robert redford suing the state of new york over what he calls an unfair $1.6 million tax bill he was hit with after a tv station. more on this after the break. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. 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[ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. stuart: robert redford is suing the state of new york for what he calls unfair taxes. he sold his sundance channel and paid taxes on is in utah. new york wants him to pay taxes in the empire state as well, to charge a $1.5 million in taxes and a little interest too. >> i am not a tax attorney so i don't know if he has a case because you pay in one stage, i can say the broader point about liberals who believe your patriotic duty is to pay more taxes the president has said this, the vice president said this, liberals out of hollywood like robert redford on the record saying it is your duty to pay taxes when the taxman comes they want to pay the absolute minimum and not one dime more. stuart: you are lucky to be in a position to pay all that money. you can afford it. >> that is the argument so many liberals led lead the 1%. you are making a lot of money relatively speaking, you should be paying more. robert redford is on the record for decades saying this kind of stuff but when the tax bill comes he only wants to pay what is legally required of him and not one penny more. stuart: good luck, robert. next to michigan, the ford f 150, best selling trucks for 30 years, ford is taking a big gamble, coming out with an all aluminum body. jeff flock is here with a 2,015 f 150. why is for doing it? jeff: joe hendrix, the president of america says leaders lead and you are seeing today exclusive pictures of the testing behind the scenes on the new f 150 truck, this is a smoke tests trying to show the aerodynamic nature of this truck. the big key putting a limit on, taking weight off, aerodynamics, making it the most fuel-efficient truck. we haven't got the mpg yet but that is what we're shooting at and why they're taking this gamble. this facility, first-ever live broadcast is going 24/7. stuart: get out of here. they turned on a wind machine just as you were getting on the air and you asked them to do it and we know that. >> this is all budget, this is no hurricane. this is the big stock. look at this stuff. stuart: we had one of those aluminum body trucks, aluminum chassis, we had one of them parked outside 48th street and they tried to sell me one and i really liked the look of the thing, i love the f 150 but they wouldn't give me price and wouldn't give me an mpg. i am holding off on any purchase. >> 26, 26 grand for the base model and knowing you, you would get the base model, not the big fancy one. they held the price down probably just for you. stuart: that is interesting, 26 is the base, you can expect to rattle a few things so you might get 32, 33 out the door. i am no pricing expert but that doesn't seem outrageous to me. >> it is not. they are holding the price down. that is the key on this and the big king ranch model will be 49 brands but we will seizes on the road very soon, this testing, going 24/7 on this. this is the biggest launch for ford in 50 years. stuart: you can turn the machine off because you are off the air but thank you very much, wind tunnel flock. next hour of varney, president obama poised to use his pen and his phone to get around congress. you will get my take on that one. bar rescue's john calfs, wildly popular show. would he tell a restaurant to stop offering customers a discount simply for paying it grace. i will play it, saying grace, you don't pay grace, you say grace. i will ask him. our 2 is two minutes away. >> your character is what is wrong. >> my differences with all these people. really. yelling at my wife, you guys think this is okay. led [ male announcer ] it's one of the most amazing things we build and it doesn't even fly. we build it in classrooms and exhibit halls, mentoring tomorrow's innovators. we build it raising roofs, preserving habitats and serving america's veterans. every day, thousands of boeing volunteers help make their communities the best they can be. building something better for all of us. ♪ don: eyes as controls water and power for a big chunk of iraq. russian troops on ukraine's border. how safe is your money going into this weekend? surgeon general richard simona is here, fear and panic over ebola is his subject. bar rescued guide joins us, how do you make money? stopped employee theft. that is what he is going to say. remember harry dent on this program, the big plunge is coming. harry dent is back today. when the president takes executive action it is not leadership, is pure politics, three months to the election. it is thursday. that means there is a hard-hitting obama column in the wall street journal, hitting at president obama. dan henninger writes that column each and every thursday and he is with us today. your piece in the journal today looks at president obama and his speeches. use to make great speeches in 2007. i think he did. he got elected. of fine speaker, they were very good speeches. that is what you say. >> the american people have caught up with the obama political persona, an approval rating at 40%. i think barack obama is ready to take a swan dive into the 30s. he is giving speeches as he did in kansas city in which he plays the republicans for being obstructive, blames them for the country's problems. i really think that the president has no one to blame but himself for his low approval rating. partly it is because has any president in our lifetime ever spoken to the american people a spoken from a podium with an barack obama? people have heard him speak endlessly, one of the things about obama with those 2007 speeches people listen to him and say this is such a reasonable person. from the left and right, they thought he agreed with them but the fact is people discovered when obama speaks they cannot figure out exactly what it is he is saying as he said earlier in the week, about the senate intelligence report on enhanced interrogation during the bush era, he said we tortured some folks. he said later we can't be too sanctimonious about the guys who would doing it because those folks had a tough job. he is saying our folks tortured their folks. what are people supposed to make of that sort of statement? without presidential clarity americans start to pull away from a president. they do not fully understand, whose ideas and goals they do not understand. stuart: what about the way he communicates? his use of language has changed. is not precise and it doesn't sound presidential. it sounds kind of folksy. >> doesn't have presidential vocabulary, he has a political vocabulary. he was at that summit from africa in which he gave a speech ats and they were attentive than precise intelligence. when he goes on the stump the first thing everyone notices, he starts dropping those gs at an end of the words. he spent the entire first term saying you people out there are having a hard time, all the wealthy are grabbing your money and that is such an obvious device, so transparent that again people have gotten tired of having a president who has two personas, the one who purports to be this eloquent fellow who talks to african summits and the partisan who goes out on the campaign trail and acts in this empathetic with his audience. stuart: wall street journal put his approval rating at 40%. you think it is heading for a three handle? >> i think he alienated people who do not understand him and because he used his gift as he says it, holy a partisan way rather than a presidential way, he has alienated people. he has a style of speaking that can move groups and send them against one another. he does not have a presidential vocabulary that can unite the american people. at a time the poll suggested they are dying for presidential leadership for leadership from washington of some sort. stuart: what do you make of him going on vacation? he leaves for martha's vineyard saturday morning august 9th, off the goes on vacation with the world aflame. what do you make of that? >> it shows a disinterest on his part, that list of things going on in the world you just read at the open of this program, what isis is doing driving christian out of cities they have lived in for thousands of years, russia on the border of ukraine, that is disturbing to the average american and yet the president purports to go off on a vacation, perhaps he deserves it but he does not seem willing to address them on the things that concerns them. and said he will go next week to another city and tear into the republican party for obstructing him on things in washington. that is not at the center of the american mind right now. stuart: it is thursday and dan henninger areas writing in the journal and we hear it loud and clear. thank you very much. take the lead at the price of oil. we are well below $100 a barrel at 96, bordering on 97. the point is the price of gasoline has gone down a lot. we are in the middle of the summer driving season, $3.47 is the average price across the country, that is the lowest price for regular gas in the early part of august, lowest price in four years. why is this happening? why is oil down so much? why is gasoline falling when it is supposed to go up? >> i can give you the standard answer we are producing more here, seasonality and oil prices going down in general, big geopolitical things getting off the radar for the time being but really the 40,000 foot view is this. we are running the risk of running into a deflationary cycle. how expensive can these commodities get when your customers don't have money? i argue that i don't think we had a turnaround of 6% from our first quarter gdp to second quarter gdp and all we have done this year is talk about great rises earlier rather than later but the ten year came down from 3% in january to 2.44% today. what is going on out there? if they're telling us the truth is there something bigger we need to worry about? we need to start worrying. stuart: we need to start worrying. tell me, you think we need to start worrying about deflation? for years we have been told if you bring trillions of dollars you get inflation at the end of the day you are telling me deflation is the problem? >> that is something to worry about. the inflation bugs, traders get in front of it. gold and 1900, oil and $150 a barrel. we are much closer to a japanese-style economy with deflationary aspect to it than we are in 1930s germany. we have to start depending on that or taking a look at that rather than worrying about inflation because it is not showing up. stuart: we hear you loud and clear. we are closer to japanese-style long blond don't know where virtual recession. my goodness. thanks very much. always good. we will see you. check the big board because we are down 41 points putting us at 16401. pretty flat today. isn't the 500 down 5 points at 1914. back to that ten year treasury yield. scott was talking about that a moment ago. look at that, 2.43%. maybe the market was missing, 2.43, i think that is the lowest of the year so far. individual stocks are really moving, 21st century fox, a big winner after it made more money than expected. the company said the executives are saying not going to make another bid for time warner. the market is up $10. big-name you know its, netflix. beating hbo in subscribers. where is that stock? let me tell you. 2% up, $12 high. nicole: look at that. 43265. that brings bold predictions over the last five years or so. netflix will take out tv, apps allowed 2 channels. to a certain extent, he really picked up momentum. in this case subscriber revenues that they actually beat hbo. $1.146 billion for netflix, $1.141 billion for hbo. they are competitive and posted on facebook that he seems to be in the same league with hbo. so profits and denominations, even netflix catching up too, the emmy nominations. stuart: netflix is close to an all-time high. thanks a lot. i will stay on the markets and bring in harry bear -- harry dent. he will bring -- he is the author of the demographic cliff. with the russian invasion of ukraine real threat isis takes control of the big dam in iraq, uncertainty for your money heading into the weekend and harry dent is the man who said the dow will get above 17,000 and then plunged over a couple of years back to 5,000. is this the start of the plunge? >> i think it could be. if we break 1900 on the s&p or 16,300 on the dow that would be the first sign we could be in trouble. but the real point is 1800 on the s&p 515,500, we break below that, i think at best we might rally to one more slight new high and then plunge so we are getting very close and demographic says look out, the wealthy are going to stop spending next year. automobile sales are going to drop like housing did many years ago. germany is going to decline faster than anybody thinks and outside demographics the great china bubble will start to burst. that is something the federal reserve can do nothing about. stuart: define listening and i am listening very carefully to you, i have money in my pension fund. it should i go out today, walk away, would that be your device? >> we could go either way from here. the markets, we might go a couple percentage points higher but we might go lower. when this breaks, when bubbles finally break remember the tech bubble in 2000, it broke, tech stocks were down 40% on the first plunge in the first couple months. so conservative investors, better to be safe than sorry. upsize 5%, down side is 65% over the next two years. stuart: where does the money go? what do i do? give me an idea. >> depends on your risk tolerance. if you get in state short-term bonds, government bonds that preserves your money but if things fall then that money is worth more. you can get more in the u.s. dollar index, u.s. dollar tends to go down when the stock market crashes as it did in 2008 when gold and silver went down as well. more aggressive investors can be short. the downside is much greater over the next few years than the upside. you can have a certain percentage portfolio and intercedes yets are short stocks and stocks will go down twice as fast as they went up in this bubble and this is a bubble. if i hear when analysts say this is not above lying going to shoot him. this is a bubble. it looks like a bubble, it quacks like a bubble, it is totally exponential and it looks like every bubble in history so don't think this is not a bubble. when a burst they burst. stuart: i get you to declare do you own, you mentioned edf. you own it? you play it? >> i am not in that yet. i have been short stocks recently and looking to go short again. stuart: when you have everybody nervous but a lot of people are listening to you saying watch out here. i like harry dent but watch out. you will see us again real soon. up next, one of our favorite guests is here, host of the hit show bar rescue and hungry investors. he turns struggling bars and restaurants around. i want to know how big a problem is employee theft in the bar and restaurant business? i will ask him directly. >> an owner giving an employee zero. you have no responsibility, none. i have a reputation and i have to protect it and you will destroy it. just like you destroy your own. i love to eat. i love hanging out with my friends. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made the kiwi an enjoyable experience. [ charlie ] try zinc free super poligrip. stuart: mcdonald's is trying to put the facts back into fast-food by promising customers in florida their drive through wars will be completed in 50 seconds or less. it is more than 60 seconds customers get a free sandwich on the next visit. liz: customer is waiting is not as good, customers getting angry about that but mcdonald's is trimming down the drive for a menu to hit that 60 seconds market. that makes sense. stuart: 60 seconds from the moment i say big mac and fries, 60 seconds or less until i pick it up at the other window. liz: they may add another window to get more workers to give you your food fest. stuart: watch out because bar rescue guys john cappers here, favorite guest of the program. conlan ton 60 seconds or less, get your free sandwich. would you advise restaurants to do that? >> seconds are many. if it takes more than 60 seconds because get backed up, you drive by and go to another restaurant. it is of capital investment for financial return. stuart: when you approve of this. >> of course. the customer wins and the shareholders win. stuart: fast food has to be fast and all mcdonald's loses is a free sandwich next time around. >> it costs 20% what you pay for it. stuart: i always wanted to ask you about bar rescue and hungry investors. what is the biggest problem with restaurants and bars? i think i know what it is. i think it is your staff robbing you blind. >> it is but a lot of that is the goal. it is very personal. people bill bars they relate to, think of their employees almost as their family and they are not as aggressive as they should be and they robbed and blind. the run their bars, 90% of small business is family-owned, statistically 60% of those businesses fail because of a family issue. when you look at bar code as they run the like a family, not a team. in a family i protect you when you are weak, steward is trying, giving it his best and the team if you strike out, you hear about it. stuart: how do you figure out the bartender is making money on the side out of the liquor. how do you figure that out? >> a simple percentage equation. beverage costs should be 21% of price so call it 20%. of the drink costs $5 my costs is $1 and if that cost tracks at the end of the month than the one dollar and $0.25 somebody stole it. it is a ratio, a straight percentage management business. beverage costs is 20%, food costs 30%, if it goes above that for someone walked out with food or money. stuart: the new challenge the bartender or the person head on. >> do inventory per shift, check them, set them up. the other things -- stuart: when you set them up. you set them up. >> i give them an opportunity to take money and if they do i know it. >> then what do you do? >> they're looking for another job. sometimes landmark fires. sometimes you make a statement i am not going to tolerate theft and the employee who is the perpetrator goes down and the other ones get in line very quickly so it has a residual affection no question. stuart: the success of your show is not just the information you are putting out there that your personality on the show, direct confrontation, tell them how it is, get in their face, that is a big success, gives the show life and excitement and value. >> behind every one of these businesses are people in real trouble and when i shall apply in their last chance. they are in debt $900,000 going down the tubes, marriages are being lost, families being ripped apart, brothers ready to kill each other, partners that won't talk, they are counting on me. i take this very seriously. i have five days to change their life. stuart: when you are charitable kind of guy. >> they're counting on me. stuart: i got to ask you this. there is a diner in carolina and they offer a 15% discount if a family or the customer has said grace before the meal. how do you feel about that? >> i'm not an attorney but it almost borders on discrimination. here's an interesting fact. ladies' night in a bar, ladies pale lower price, maybe they don't pay to get in, is illegal, it is discriminatory. of the car dealers sold the car to win the $1,000 less than they sold to plan for how long would it take for a man to file a lawsuit and say that is discriminatory? stuart: no such thing as ladies' night any longer? >> there can be but does the local municipality choose to enforce it or not? if you file a lawsuit that says this is not fair they are charging women one price and to fill another that is discrimination. stuart: how do you get around that? you want a promotion that gets women in or christians, how do you do it? >> if you do ladies night at the prices it is technically illegal. the question is do local people support it? do they -- if somebody files a suit or an action the bar has to stop doing it. it is discriminatory. stuart: would you excise them to do it? you can't on your tv show. >> i can't advise people to do is things -- i suggest they market aggressively. stuart: you just winked at me. the camera angle was from the side. >> i still market aggressively. stuart: you are something else and the show is a wild success. >> wonderful to be here again. stuart: what time? >> 9:00 sunday night. hungry investors start this sunday. stuart: the new show. >> fourth season of bar rescue premieres tuesday. stuart: i hope you see as again. good luck, thanks a lot. president obama failing to go -- negotiate with congress, instead using the power of the pen and the phone to push his agenda forward. i say that is not a strategy that is going to work. i say it is still politics. my take is next. ♪ when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with paper money to test-drive the market. all on thinkorswim from td ameritrade. that'and with truecar.com,t lookithere's no buyer's remorse. a good deal or not. "okay, this the is the price," overand you're like. save time, save money, and never overpay. visit truecar.com what happened? life happened. stress. fun. bad habits. kids. kids. kids. now what? not milk. not sheep. not that. let's think smarter. let's get some science in here. let's build a bed. another bed? no, a smarter bed a entirely new sleep number bed that tracks your movement, your heartbeat, your breathing - sensors working directly with the dual air chambers - yeah you need the air chambers. introducing the sleep number bed now with sleepiq technology. it tracks your sleep patterns and tells you how to adjust for... a good night's sleep, a better night, and an awesome night. so what sleep number adjustments make the difference? try cranking it up? adjust it down? a little bubbly? or nix the late night flicks? wait, you'll know what works, cuz sleepiq™ technology tells you. and all you have to do is sleep. which is easy. only at a sleep number store, mattresses with sleepiq start at just $999.98 because everyone deserves a great night's sleep. know better sleep with sleep number. . stuart: breaking news, the "new york times" and the "wall street journal" talking about iraq. the times says the u.s. is considering military air strikes. it used that word, air strikes. the "wall street journal" says our military may do humanitarian air drops. there is a difference between the two. it has had marked impact. the dow industrials are down 57, 58 points. okay, got it. he's failed to negotiate with congress, so he will act alone. watch out! here comes executive action direct from president obama. and here's my take -- he will take action on immigration, normalizing the status of millions of illegals already in the country. and he will discourage companies from moving overseas to escape high taxes here. that is pretty big stuff. i'm not a constitutional lawyer, so i don't know whether this is legit, or not. but it seems to me, it is entirely political. what's going on here? on immigration, he's firing up the hispanic base with the stroke of his pen he promises to make quote, make a sweeping adjustment to membership in the american community. that's what the "washington post" says, that is amnesty. how convenient, this should come right before elections when hispanics hold the swing votes in crucial states. clearly the president is shoring up his base. he will also take action to discourage companies moving abroad. he says it's not fair, it's not right. so the treasury will change the rules to keep them here, paying the highest corporate taxes in the industrial world. again, entirely political. president obama thinks there are votes in bashing big business, he thinks there are votes to be gained when he says corporations are unpatriotic. he doesn't say that to his pals at apple which keeps $100 billion cash overseas to avoid taxes. no! he saves the rhetoric for the run-up to the election. it will work? i suspect not. he's not delivering a vision for america, he's not leading, he's simply campaigning. picking up the pen and the phone to ram through amnesty and beat up business is no substitute for good government. and it is absolutely no substitute for good constitutional government. you've reached the age where you've learned a thing or two. this is the age of knowing what you're made of. so why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain... it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to you doctor. . stuart: i'm repeating the breaking news, it has had marked impact. reports from iraq from the "wall street journal" and "new york times." the times says the u.s. is weighing military air strikes. the journal said our military may do humanitarian air drops. quote directly from the times story just in. the president in meetings with national security team at the white house on thursday morning has been weighing a series of options, ranging from dropping humanitarian supplies to military strikes on the isis fighters. that's a senior administration official said, end quote. from the times. it has had marked impact. the dow jones industrial average is now down 75 points. we've dropped about 30, 40 points since this news was revealed literally moments ago. now we're down 77. a little bit more. the oasis still water minnesota has added a 35 cent minimum wage fee to customers' bills to cover the costs of increased minimum wage for their employees. quickly, what's this all about? >> basically, this is to cover the minimum wage hike that this cafe says will cost it $10,000 a year extra. and now there's been blowback on social media demands to boycott the restaurant. stuart: from who? >> customers who say the cafe should handle the cost and not pass is along to customers. we hear the argument government does not pass on the costs. here's a clear case they do. one in l.a. passed along a 3% surcharge for health reform, and the five gators dockside restaurant in florida passed along a health care reform surcharge to customers as well. stuart: do they get blowback as well? >> they did. the l.a. restaurant said we're going to hit you with a 3% surcharge but take it off the tip for the waiter or waitresses. negative social media reaction to that move. stuart: that's tough. >> that is tough stuff. stuart: i can understand, okay, you raise the minimum wage so you put in a surcharge to count for that minimum wage. i can understand where the public, the customers would say, i'm just taking it out of the tip, they're getting a higher minimum wage. >> then we have the l.a. restaurant actively telling customers, here's our advice to you. take it off the tip for our workers, waiters and waitresses. stuart: wow. i don't like that. as a former waiter, i don't like that. >> me too, as a waitress. stuart: the centers for disease control and prevention has issued the highest level alert for the ebola crisis. this is an alert within the united states. first time the agency issued that high of alert for the u.s. since 2009. we're joined by dr. richard carmona, 17th surgeon general of the united states. welcome. glad to have you with us. >> happy to be with you. stuart: panic is worse than fear. and when the cdc puts out this warning, this higher warning to the whole country, doesn't that tend to increase the possibility of panic? >> well, i think what we have to do when that goes out is explain to the public what that means is, when we get to the level one is we want to have all our resources ready to move at any given time. getting calls from all over the nation, all over the world about the best way to handle this problem, and that's resource intensive. so having the specialists in the emergency operation center, being ready to send equipment at the last-minute, drugs, support services as needed to ourl lies as well as in our country if anything should happen. this happens all the time, and ultimately it doesn't reach national recognition, but the level of alertness goes up and down based on the threat analysis. stuart: is the cdc not reacting to this fear of ebola? it's got the reputation, this dread disease from africa. the cdc is responding to that public fear, isn't it? >> well, i think there's clearly a public issue that as they see the people reacting they want to get the word out and want to be prepared. really what the cdc does is irrespective of the public discussion is to look at what the facts are, and we have lots of people that are affected in western africa. we have a lot of things we have to activate in our own country, in our own surveillance system, we have to ramp that up and make sure we have policies in place to ensure nobody gets into the country that might have been in western africa that has a fever and feeling sick. you need a cadre of specialists to handle and field all of the calls that come in. stuart: totally different subject. the "new york times" going full-court press for the legalization of marijuana at the federal level. and the times suggests far less dangerous than alcohol. now, sir, there is incontrovertible proof that cigarettes and alcohol both highly addictive, deadly. is there any evidence that marijuana is as dangerous? >> well, i think it's comparing apples and oranges. they work by different mechanisms. no question if you look at work that the nih has done, and scientists as well around the country that there are del tirrious effects of the use of marijuana, there are carcinogens, they can exacerbate or cause pulmonary disease as well as the long-term cognitive decline that occurs when you use marijuana. those are issues that have to be put on the table as any organization, nation, starts to decide if they want to legalize, if you will, marijuana for recreational use and how to use it for medicinal use. two different issues. stuart: as a former surgeon general of the united states of america, do you approve of the legal recreational use of marijuana in america? >> what i say is -- i had to deal with this when i was surgeon general. if society believes this is something they want to do, then my job as surgeon general would have been to let you know the risks and benefits of making this decision. for instance, we know that alcohol at low levels may have medicinal benefit. but at higher levels can be deleterious to your health. we haven't had that discussion about the marijuana about the accuse and long-term effects. the ramifications are significant and maybe economical as well. what disease and economic burden might we be accepting if we widen this net to say use whatever you want. there could be a cost. so the discussion should need to take place you. >> obviously had this discussion, i'm sure you've had this discussion many, many times. may i ask you sir, dr. richard carmona, which side of the fence do you come down on? if you had to make the decision right now, yes, legalize it. or no, don't? >> i would need more discussion because it's not as simple as. that if the legalization, the criminalization act as far as is this going to deter crime? will it stop the drug trafficking? on the other side, what are the health effects? this discussion is take place more on an emotional basis in my estimation. stuart: purely a medical -- you're a doctor, could you make that call right now on medical grounds? legalize or not? >> right now, i would opine that i am concerned about potential long-term effects, depending how you use it and how often, that we know this cognitive decline. we know it can cause pulmonary disease and does have carcinogens in it. i would be concerned and i would opine to those who have the responsibility to make the decision that we need to look at this very carefully. not only for the intended policy but what are the unintended consequences that may arise? stuart: gotcha. dr. richard carmona, appreciate your expertise, thank you. >> thank you. stuart: russian troops massing at the ukraine border. our defense secretary says there's a real threat of a ground invasion into ukraine. in iraq, the u.s. weighing air strike against isis. this could have a big impact over your money over this coming weekend. down 77 on the dow right now. deal with it all next. in new york state, we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov . >> reporter: not too far off the session lows. weighing on stocks. right now the dow is down 78 points, a loss of half of 1%. caterpillar, helping the dow move ahead. jpmorgan actually noting that caterpillar deeming market share in china. about 10% this year versus 6.5% in 2012. look at some of the movers leading the s&p 500. fox and first solar. twenty-first century fox, parent of this network, up 5.5%, doing well with television and cable reporting quarterly profits. they withdrew the bid for time warner. and a look at first solar, up 3.9%. and mali corp. getting that financing they've been waiting for, 400 million dollars from oak tree. much more "varney & co." coming up. 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>> let me tell you something, it had been up, it started to move down along with the market overall. amc did very well. reported 33% rise in quarterly revenue, the international business grew because of acquisition. the parent of walking dead had an uparrow, shareholders will see down .75%. stuart: stratasys puts up strong numbers. 3-d printing, just a fad? i think you said that before. >> it's a fad, i'm not buying this. i would never be an investor in one of these. and first to market, there's a lot of money going into these, don't get sucked in as investor. there's many other places to put money than a place like this. remember the commodore computer, stuart? stuart: yes. >> most people don't. dell came in and compaq came in. i'm not a believer in the industry, i'm waiting for holograms. stuart: okay, okay. there's another subject. >> remember the hologram duane reade, she was talking to us through the hologram. stuart: because it didn't develop, did it? the idea of a hologram didn't keep moving forward. i got to move forward. sorry, got to move forward. liz, the obama administration wants to go round congress, issue executive orders, stop companies from moving overseas. you make of this what? >> presidential overreach, under the power of congress to tex. circumventing congress to raise taxes on corporations when they face the highest corporate tax rates. and an organization that taxes for profits, no other country does. that let's money for dividends, jobs and increase wages, companies are not allowed to merge with overseas concerns via this maneuver. stuart: all right, bank of america hit with a record maybe $17 billion settlement with department of justice. the stock is hardly moving on that news, ed. what is it? priced into the stock well order? . >> without question. these have been negotiations for a long time. one day a book will be written how politically motivated like you were talking about immigration earlier, how politically motivated the fines are. when people understand what the banks did and didn't do, they're going to be shocked at the size of the fines and how much of a target america has on the banks. one day that will be written. >> stock is not really moving because the market realized, analysts on wall street telling us it's $9 billion in cash. we knew that about a month or two ago. that might be the cash find. stuart: it's in the stock, that is a huge amount. nicole, orbitz, let's put you on now, a loser. what's going on there? >> great numbers, not sure the down arrow is merited hour. down .75% at around nine bucks. earnings jumped. strong demand, they raised forecast for the quarterly sales above the estimates and said the spending on air travel and hotel bookings reflect an improving economy. stuart: okay, nothing there really, just dropped below 9. ed, the "wall street journal" poll, 49% of the people say the u.s. is still in a recession. why do they feel that way because we're not, are we? >> technically we not. depending which indicators you want to study. everyone feels we're in a recession, they're not making more money, costs are going higher. thing are slowing, you see the world slowing, we're in a global recession. 49%, i'm surprised it's not higher than that. people aren't making a lot of money and things are slow. stuart: and the middle class is shrinking, that's a bad thing. that's it for today's real halftime report. thank you very much indeed. apple's flagship new york city store may be getting a neighbor. we'll tell you which tech company is moving in on apple's turf? 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[ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. . stuart: hey, watch out apple, microsoft is coming right at you. reports that microsoft wants to open a flashy new store just down the street from apple's famous glass cube on fifth avenue new york. cheryl? >> the brokers won't comment, microsoft will not comment, word has it among real estate folks that microsoft is going to move five blocks south of the apple store along 5th avenue in new york city. all you folk who come to new york city to look at the lights on fifth avenue, this is the center of it. it's 677 5th avenue, 870 square foot space, two stories. they've done this before. they open up the retail stores as close as they can to apple stores on purpose. palo alto for years, they know they're going to get the cross consumer, do you want microsoft? ipad? i don't know. and that rose and champagne in the plaza, exactly. stuart: i got a piece of microsoft, and i'm cheering them on here. you think it's a success, though? right up next to them, is that a successful move? >> worked thus far. they believe it's a very strong retail strategy to be as close as you can to an apple store. not that many of either. stuart: the store's got to be as good as apple. when i walk into an apple store i get taken care of really well. >> have you been to microsoft, there is one in new jersey. stuart: no. >> they are beautifully designed. they are helpful. stuart: got to go, dow is down 67 and your take is next. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. . stuart: people build bars that they relate to, they think of their employees almost as families. and they're not as aggressive as they should be, and then rob them blind. stuart: yeah. >> and they run their bars, 90% of small business is family owned. statistically 60% of the businesses fail because of the family issue. so take a look at barney's they run them like a family, not a team. stuart: the biggest problem in restaurants and bars today. now your take on the rest of the show. about the north carolina diner offering discounts to customers who say grace before the meal. it's nobody's business on what they offer discounts for. my personal opinion is kudos to them. i'm with you. ryan has this to say about who's to blame for the college debt crisis. the students borrow the money, the problem will resolve itself if the amount of money that can be borrowed is cap. there's a novel solution. my time is up, that's it for "varney & co." here is deirdre bolton. deirdre: did you leave that to me on purpose, stuart? i like it, i'm going to pick it up anyway. it is not your older brother's four square. the co-founder and ceo of the local search and discovery company is here. dennis crowley will tell us where he sees growth for the 50 million user strong app taking on yelp and others. our tech reporter jolene kent compares and contrasts the two services. joe, what are the differences? >> it looks like a travel guide written by your own town, the recommendations are based on 10,000, and the company has collected from users and recommendations, since the company basically became of age in 2009. four square users get recommendations from friends and other users whose takes they trust or respect.

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