Transcripts For FBC Varney Company 20150205

That took on enemy fire was false. A lot going on. We will cover it all. Varney and company is about to begin. Oil and gas, first oil coming back after the big drop yesterday. 50. 77, it is up over 2 bucks. This number will hit you directly in your wallet. 2. 15. This is up 0. 09 in two days. Ed butowksi is here. The gas dropping party over. The dropping party might be over. We are still lower. Use a weird analogy the party is still going on a keg of beer are empty because things have changed. There has been the fallacy, all that money will be saved and given to the economy. All the Economic Indicators prove that is not true. Whenever the number is, and other expenses including taxes. Tom you start looking at the personal consumption numbers which are down, retail sales what are people doing with suppose the gas savings . Sounds like theyre just keeping it in their bank account. They could be keeping it in their bank account the realities things cost more money. In 2014 people would be led to believe prices only rose 0. 8 . Everybody knows the cost of living went up substantially more. It did not go to the economy. When the president stand up and says this money is now in their pockets tom we have turned the page, mission accomplished. As we trade in the futures markets you see them overextend on the downside, probably around 60 is where we end up. Tom oil prices are all over the place. We are 5 bucks before where we are, oil right now. The question is does anybody really know . You have the dollars involved, the refinery strike involved, demand involved, there are a lot of moving parts to this oil story. A lot has to do with global demand. Futures markets trade based on Global Market and you see flowing in shy and, you see europe not moving anywhere but south so there is a really good just as strong an argument that oil goes lower as you do oil going higher and as individual investors need to stay away from other accentuating or overdoing on one side. Keep a balanced portfolio because you dont know which factor will play into this. Great depression stories are out there and on the flip side you have incredible inflationary pressures so you are not paid to play, you dont know so be careful. Tom always great to see you. We get the big jobs report tomorrow and we will hear a lot of cheerleading if the Unemployment Rate which is at 5. 6 to down again but the head of gallup, check this out, saying we have been saying on this program for years now that the numbers dont tell the real story. The ceo of gallup takes a step further. This is what he said. There is no other way to say this. The official Unemployment Rate which cruelly unfair rates the suffering of longterm and terminally unemployed as well as depressingly unemployed amounts to a big lie. Monica crowley. So good to see you. I you surprised . We have been reporting this here but the general public buys into these numbers. The Unemployment Rate has been publicized for a long time originated under president obama, gained political strength as a statistic for political purposes under this president. Every time the official numbers comes down there could be made real rejoicing out of the white house they put out a statement where in the economic recovery. The reason they dont feel an economic recovery is the same reason the head of gallup was pointing to which is that numbers of false number. The actual Unemployment Rate is somewhere between 9 and 11 . If you factor in all the people who want permanent work and cant find it, the longterm unemployed who have given up. In politics as in life, perception is always reality and the perception is for people on the ground living this economy that it still stinks. Tom it does. We talked about this yesterday with mary kissel but it comes down to that is why the november Election Results are what they were because people have stopped believing these nice political dont know what you want to call them. Government reports come out and who are you going to believe . You or your eyes . The government has lost credibility in terms of presenting these numbers and they are shot through with seasonal adjustments that are adjusted later and so on. The American People are living this every day and they know the numbers not right. Tom it matters economically because these parttime jobs that are not counted differently from full time jobs, wed need fulltime jobs to get enough money into coffers but nobody did into the weeds like we do. The weeds are lower paying jobs people want fulltime jobs dont have them. Bill hemmer of fox news gave this Program Credit for talking about this while he interviewed the gallup ceo. We view this lot from our colleagues at fox business and Stuart Varney has been talking about this 3 years. Those fulltime unemployment jobs will never come back until Free Enterprise and the spirit of entrepreneurship gets back in. That is going the wrong way. That is a big challenge. This is a big story. Gallup is well regarded they are not considered right wing left wing, they are just considered good data. It would be nice to get this from the head of gallup six years ago, five years ago. Now is a little late the president has been reelected and one thing he has been pointing to our obama policies, epa regulations, wet blanket sitting over the economy and job creation. People dont know why but that is what is going on. We have a triple digit rally under way. The dow has finished higher the last three sessions. So far it is four in a row so the dow is up 152, not bad. We were above 18,000, we almost hit 17,000 and we are back 17,825. Disappointing profits at Green Mountain and it lowered its sales outlook. A big winner today after pfizer announced it will buy the drugmaker for 16 billion in cash and shares hitting a record high on 35 jump. Now to the fight against isis, Jordans King Abdallah a former general, special forces commando when his dad was the king is putting his military fatigues back on and ordering air strikes against isis targets in response to the murder of the kidnapped jordanian pilot. They will take the fight to isis with or without the support of the United States. It is unclear they are going to get any support. Listen to this exchange between jos fairness and ed henry. Seemed to be suggesting the white house was not aware the king was in washington in large part to get more support from the administration and congress for weapons. The administration is standing squarely behind the people of jordan and the king and we are supportive of any efforts to strengthen his National Security and his ability to make tangible contributions to the broader campaign. Tom lets bring in concerned veterans for america ceo i guess you cant even call that a strongly worded statement. That is about all it is. What did josh earnest just say . He said nothing. That is why jordan feels like it has to go with the without america. Think about that phrase, with without americans we will take on isis, the greatest radical islamic threat on the planet today. Such a galvanizing moment where jordan saw the sheer brutality many of us have seen for years and got an opportunity to build a Real Coalition. Airstrikes are great, they had some impact on isis. What we need are. On the ground from muslim countries in that region his see isis for the threat that it is jordan, egypt, saudi arabia turkey but it will require American Leadership to be that Coalition Including American Leadership on the ground and you are not seeing that. Tom that is what a lot of people say. Especially people who dont want to get involved. That is their work, they can clean up their garbage they can do it themselves. Others are saying if we dont do something this is germany 1940 all over again. We have to do something. Is islamism like nazis or communism this is what we are facing. Is easy to say it is their fight except in that region a look at iraq and isis had to do they blame . The americans to topple saddam greeted the environment, surge and left, now isis has come from iraq to syria to iraq we have to be part of putting those pieces back together but doesnt mean we go alone or do alone. It will require as to cobble together a Difficult Coalition that currently does not exist. Airstrikes will not do it. American leadership is the essential ingredient to a Real Coalition and this white house refuses to carry that mental which is why you see a country like jordan saying if the americans arent there we have to do it ourselves. Stuart tom they got a million refugees in their country but this whole business of showing leadership overbear really feels strongly like the white house is kind of like these unemployment numbers and Everything Else they say isis is being defeated al qaeda is being defeated yet the map shows isis is continuing to grow and take more cities. Such a disconnect between the words at the podium and actions on the ground. That is what our enemies see and what our allies see and why our Coalition Never formed because they heard the right rhetoric but never saw the action and that is why our enemies are emboldened. 8 here in this rhetoric in washington but they dont see any action so they are emboldened to continue whether it is isis or Vladimir Putin in the ukraine or al qaeda in yemen launching even more aggressive attacks. They are not seeing any change in policy, they are not seeing American Leadership and taking advantage of it. Tom thank you very much. Here is a look at the rest of the big headlines we are covering with lauren simonetti. Frantic audio from the cockpit of the plane that came crashing out of the sky and tie one. As the pilot warning mayday, injun flameout in the left engine before the plane banked sharply left, clipping that bridge and crashing into the river below. 32 people dead. 11 missing and amazingly 15 have made it out of live. With the planes black box found investigators get a better understanding of what exactly happened. The driver of the suv fat was plowed by the metronorth train tuesday night is identified as 49yearold mother of 3 alan brody. Five of the trains passengers side. They were killed when brodys suv stop on the track and a train traveling 58 miles an hour was unable to stop. Service was restored today. Meanwhile a cyberattack that the nations second Biggest Health insurer and from. The name behind potted the Blue Cross Blue Shield plans hackers stealing tens of millions of customers and employees did including Social Security numbers and in comes. Anthem has created a web site with more information about the breach so we have another one. Tom obama supporter Warren Buffett says we should build the keystone pipeline. Is it time for the white house to listen to to ambassador john bolton is next on that. Later this hour one of the stars of the popular netflix show orange is the new black on the future of how we watch television. Gets her kitchen back. You listen to me. Whatever you think you know you dont. The future of the market is never clear. But at t. Rowe price we can help guide your retirement savings. Our experience is one reason 100 of our Retirement Funds beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. Dow jones industrials, up 148, 14, 17,820 on the numbers. Look at shares of microsoft coming up on one year for the ceo and stock is up another 12 3 . Stocks done well over the past 12 months up 16 and that will make Stuart Varney very happy because he likes to proudly proclaim he is a shareholder. Cme Group Closing some futures trading pits in new york and chicago. From the cme in chicago what is going on . Technology replacing the open outcry . It is a sad day when i started here in 1983, every exchange was as crowded as this one, very raucous and a lot going on and as efficient as it seemed it was very eat fish and. Unfortunately technology has taken hold and made trading far more efficient and profitable for the exchange too. That is why you are going this way. You can get more done in a short time so that is what we have going on. The question is the fact that the human needs to be there when you get something that blows up. That is the question i had a discussion with partners of mine. There are times when the exchange or the computer has gone down and could fill up with traders trying to get things done. I am sure they have a contingency plan. It is nice to have his involvement. You have a human happens to be behind the screen. Tom we got the chairman and ceo joining fox business this afternoon at 4 00 eastern john after the bell. You want to check that out to see what he has to say. Warren buffett says it is time to start dragging our feet and built the keystone pipeline. Warren buffet. Listen to what he said to liz claman yesterday. It disturbs a lot of people in nebraska. Of farm with water going through, that is always a problem with pipelines. Nobody is going there is a lot in the backyard problem but by and large keystone should be done. Tom how about that . Former investor to the u. N. Ambassador, is this ever going to get done at least in the next two years . Not in the next two years. This has nothing to do with economic rationality. Whether it is jobs for constructing the pipeline, taking advantage of all of north Americas Energy capabilities building our Energy Infrastructure allowing more exports of products to the rest of the worlds to make the u. S. Canada and mexico strategic player in oil markets, this is about the obama white houses hatred for carbon. Is what it boils down to. They are not going to change. They are playing domestic politics and it will be interesting with Warren Buffett as a big supporter of Hillary Clinton is this an issue where she will finally show daylight with the president . Tom every excuse they could make including wall street journal for the president to task. Easing for nbc is trying to convince us that this is canadian oil that has nothing to do with us. 40,000 jobs in the United States to build the thing, the oil that comes through the pipeline can go a lot of places but ranking out on the canadians is a pretty cheap shot. We have got combined energy and Oil Natural Gas capacity in north america that is unbelievable and those canadians may be foreign but are on the same team as we are. Tom it fixes global crisis. Before you go, King Abdallah has been of fighting man. He is a real leader unlike the present occupant of our white house. We should do more to support him. I am more pessimistic than a lot of people. I dont think this barbaric killing is going to change the president s mind one bit. Tom King Abdallah ha st. Gone for leaders hy why are going to give more humanitarian assistance to jordan. Slicken ukraine, we are three years behind where we should be in supplying them with military assistance. We will get a little more but this is just creeping along. Isis continues to consolidate, control the territory it has and when we decide to do something about them this lackadaisical strategy is going to ambassador john bolton, good to see you. Another major cyber attack, this one, 80 million people, the second largest Health Insurer in the country. One of our good guy hackers is next. Can this kind of hacking be stopped . At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Tom now lets take a look at cybersecurity stocks. All green arrows on every one of them. Splunk. Fire eye, cyberpark, going higher on the news about the big attack on Anthem Health care. As many as 80, 80. 80 million customers may have had names, addresses, Social Security numbers and other security information compromised. You can go a long way in hacking. Lets bring in founder of parameter securities. David, this stuff is just getting bigger and more common. It seems like all of us have had somebody weve done business with who have had our data hacked. Heres the thing to understand. Its not getting bigger. Were just noticing it. We have if this has been a baseball game, its Little League against the new york yankees, and were the Little League. The problem is we are finally starting to understand that hackers are coming after us that were not as secure as we think we are, and a lot of the Bigger Companies now have the technology to actually maybe not stop the attack but to detect it. Tom well, what ive heard from a lot of people in your business, and part of it is i kissed off at one point to just people always complaining about the fact they dont budget enough for the i. T. Department. Theyre not buying enough security. Whats your take on it . Are they going cheap . Companies not spending enough on security . I think the budget is a big issue, but you know, you just brought up a great point. You just talked about a bunch of technology companies. One of the problems i find with organizations, i break into Companies Daily is they focus on the tools, and dont focus on whats the overall risk of the organization. You know database encryption is great. Having end point protection is great. If i can walk through the front door, if i can get your secretary to click on a link that means absolutely nothing to the security. One of the big problems we run into is weve spent so many years. And i. T. Is to blame for this this wasnt an i. T. Problem give us a budget and well make things work. Thats the not case scomboeranymore. This is something everyone has to help fight against. Technology will help you. Its the human being. Just like in this case you had a System Administrator detect his account being used. The technology didnt stop it. The human did. We need to get back to that. Tom speaking of the human how about the customers of the companies . A lot of people have thrown up their hands and said its another story another one of the hax. Im safe in numbers, theyre not going to do anything to me. One of the problems you run into was it actually targeted, not targeted . Will someone actually monetize this . If someone wants good news this information of theirs is probably free for the taking and what we call the deep web. So their data may not be sold from the anthem breach but it may already be out there. It does get staggering. This is where a lot of us in the security field are starting to say we need to change the way were doing things. A number, a Social Security number, a credit card number may not be the best solution in 2015. Tom seems like theres got to be some major change in the way we identify ourselves in the future, and im sure people in your business are working on it. David, thank you for joining us. Appreciate it. Thank you, you bet. Tom nbc news anchor Brian Williams in the news admitting that a story he told about the iraq war was false. Has he lost his credibility . Howard kurtz on that coming up. And dont forget about fox business new show strange inheritance, tonight at 9 00 here on the fox business network. Heres what you could be missing. One of the things you can do for someone whose died is help their family take care of their unfinished business. Told me at least a handful of times, he didnt feel he had much of a legacy for pascal beside his winery. 3rd and 3. 58 seconds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the global economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500 its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon a different kind of wealth manager. And black swans are unpredictable. Want to know how hard it can be. To breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled. Copd maintenance treatment. That helps open my airways for a full 24 hours. You know, spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens your throat or tongue swells,. You can get hives, vision changes or eye pain or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Sfx blowing sound. Does breathing with copd. Weigh you down . Dont wait ask your doctor about spiriva handihaler. Tom checking the big board right now, moving higher with oil prices, and some upbeat earnings. Up 165 on the Dow Jones Industrials. Grubhub is a winner as more people order food online. Revenue shooting up 50 last quarter. The stock right now, you can see, up almost 10 . Over 41 a share, and the parent of Dunkin Donuts a winner after reporting higher sales. The stock right now is up almost 1 , getting hungry talking about food and Dunkin Donuts. Update on big story. Jordanian fighter jets have dropped bombs on isis targets in syria. Jordan may be considering strikes against isis in iraq. And a few minutes ago, even nancy pelosi saying we should back up the jordanians. Roll it. I know that some senators have signed a letter or something to that effect. I certainly support that and so yes, i believe that the administration should move quickly to give more capacity to the jordanians. Tom monica crowley, even nancy pelosi. Wow wow you know things are bad when the commander in chief is upstaged by a far leftist. Tom i thought she was glued to the hip than him, would never say anything different than him. The atrocities isis are committing not just against american citizens but setting the pilot aflame for a lot of folks including leftists like nancy pelosi, we should be doing more. Does that mean Ground Troops . Of course not. Our arab partners have to fight this because this president is not going to do it so lets support them with money, with materiale and training. Tom theyve been begging for us, when the king was here he was begging for material. The fact they have to beg is an outrage. Lets just deliver on it. Tom i know monica, president obama met with a dozen or so Muslim American leaders at the white house last night. They discussed how to stop the Islamic State but also about stopping antimuslim discrimination and due to security reasons, the white house says that they refused to identify who was in this meeting. This is the open transparent administration. This is classic leftism, where theyre trying to suggest there is antimuslim discrimination. There is not. Thats a strong man right there. A lot of the groups and this is probably why they wont release the names of who attended. A lot of the groups from cair to isna, Muslim Brotherhood front groups, they are all part of the infiltration tactic done by the groups to get into the United States and the west and look we know the Muslim Brotherhood was at the state Department Just last week. We foot the bill for that. Thats probably why they dont want to release who attended. Tom folks, monica is telling there is much more to the story. Google cair and you will find out much more about that cair. Nbc nightly news anchor Brian Williams recants story he was on a helicopter that took fire in iraq. In an effort to honor and thank a veteran who protected me and so many others, after a ground fire incident in the desert during the iraq war invasion, i made a mistake in recalling the events of 12 years ago. It did not take long to hear from some brave men and women and the air crews who were also in that desert. I want to apologize. I said i was traveling in an aircraft that was hit by rpg fire. I was instead in a following aircraft. This was a bungled attempt by me to thank one special veteran, and by extension our brave military men and Women Veterans everywhere those who have served while i did not. I hope they know they have my greatest respect and also now my apology. Tom bring in howard kurtz in washington. Howard, Brian Williams repeated the story for years most recently friday night, and the big question always is for especially the anchors in this Television Business credibility is everything. And this created a huge credibility crisis for nbc. Brian williams is the face of nbc news. Now he made this mistake last friday on the air, and a lot of veterans are saying and a lot of journalists are asking how could you not remember whether or not the helicopter you were in was hit by a rocket propelled grenade and small arms fire. This isnt the first time Brian Williams embellished the story. He told it accurately in 2003 and deserves credit but with David Letterman in 2013 and another with alec baldwin, told the same story about his copter being hit, the same false story for which he apologized. Tom whats with the bravado talk. Hillary clinton had to take back a story about being shot at while on a tarmac or someplace on one of the battlefields. I dont understand. Is this bar talk where you and i are talking i caught a fish this big, and tell a guy it was this big . Certainly politicians like to embellish when they can. And Hillary Clinton paid a price for that. This isnt bar talk when you have a Major Network news anchor telling this story repeatedly on the air. Now i cant you know, Brian Williams in an apology and on facebook said he blamed the fog of memory and misremembered it and i guess people have to decide whether or not that makes sense to them. The fact he told the story repeatedly, there is existing videotape from nbc dateline where he says he was in another copter makes it hard to understand. Tom is his job in jeopardy . I cant say that it depends how nbc handles it. It depends on the public reaction. Look, the guy has been a fixture at nbc so long its hard to imagine his job is in jeopardy. Is that the end of it . Or does he need to explain in further detail why he told what he acknowledges was a false story. Tom all right, howard kurtz. Thanks for your analysis. Always great analysis thank you so much. Meantime question for you, does the Obama Administration have a backup plan if the Supreme Court rules against obamacare . The answer no. Mr. Chairman secretary burwell is a charming person and shes obviously intelligent, but these hearings are absolutely no use to us if the witnesses refuse to answer straightforward questions which this witness has repeatedly done. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. Reporter im Nicole Petallides with fox business brief. Arrows up again. The s p 500 up 16. The nasdaq composite up 31. All the major averages with up arrows and the dow up nearly one full percentage point. Pfizer, microsoft, visa, United Technologies pfizer is in a deal to buy hos pirra to get generic injectable drugs. This is about having one of nelsons team on the board there, but they want nelson himself. L brands are raising outlook foods in the dividend. Thats at a new high, up 6. 25 . Much more varney co. Coming up on the fox business network. Tom president obama has plans to furbthe fcc to expand Broadband Access he wants to classify the internet as a public utility. All rise judge Andrew Napolitano is here to weigh in on all of this. And judge, whats the fcc doing, and whats your reaction . Well, the fcc, tom, good morning, its good to be with you, tom. Fcc is expanding its own authority by proclaiming that a law written in 1934 somehow was intended to encompass the regulation of the internet in 2015 basically what its doing. The concept that government involvement in the regulation of the movement of information and data is somehow neutral, is somehow Net Neutrality is a euphemism for the books. There is nothing neutral when the government is involved. Regulations that the fcc is about to promulgate will someday lead to the fcc being able to control content. Just as it controls content for broadcast airwaves on the Television Programs that we watch in the evening. Tom right, but the thing when we first started learning about the internet years ago, it was called the information highway. And so i think of that highway analogy. When al gore invented it he called it the super highway. I believe thats true. Tom so the highway if you have a big tractortrailer, you pay more to go down the highway than i do in my automobile. But what the fcc is saying that everybody pays the same to be on the highway. Thats a very interesting and very reasonable analogy, tom. Look, people are willing to pay, large corporations are willing to pay more for faster service. Basically or stated a different way, theyre willing to use the free market. Pay less when you dont need the speed. Pay more when you do need the speed. Pass the cost onto your customer. But when the government gets involved and mandates one size fits all for everybody and when players in the industry this is the kicker this drives me as a freemarket person crazy. When Major Players in the industry like google and microsoft and apple forever deal with the government with regulators than with the free market, something just is not right. I would trust the free choices of consumers and investors before i would trust the coercion of bureaucrats. I did not know that the internet was broken. Thats the other part. What are they trying to regulate . Ill tell you why this is happening now, because we have an ideologically driven president. A hardleft ideologically president , in the last two years of his presidency with a Republican Congress thats going to reject everything he sends to them. Finding ways to put his fingerprints in the government that do not require congressional approval, and one way is to use his political appointees to the administrator of state. In this case, the fcc. Three democrats and two republicans, he appointed the three democrats, theyre going to do whatever he asks to do and the congress cant do anything about it without the president s signature or overriding a veto. The only remedy will be the courts and it will take years and billions not billions millions to be litigated. Tom i hope it is. Judge Andrew Napolitano great to see you, judge. Health and Human Services secretary Sylvia Burwell getting grilled on capitol hill yesterday. She would not answer questions about the agencys backup plan if the Supreme Court shoots down obamacares insurance subsidies for millions. Roll the tape. And my question is if the administration loses have you taken steps to advise federal enrollies about the consequences that may apply to them as a result of administration losing that lawsuit . Right now a mentioned with the chairman, what were focused on what we believe is our responsibility to implement the law as fully as we can. Tom that was the biggest nonanswer answer ive heard. Monica, does she have a backup plan . The court could rule. Against them. And rule that is unconstitutional. The subsidies. Two reasons she answered that way, the administration doesnt have a backup plan and trying to paint the republicans as the bad guys. If the Court Strikes this down have you 34 states that no longer have subsidies. Theyre going to say to the republicans, what are you going to do . You have millions cut out of subsidies, how are you going to take care of it. Tom she didnt want to go on record. Good point. Orange is the new black proving streaming is the future of tv entertainment. And we have one of the shows stars up next. Get her kitchen back to you. Listen to me whatever you think you know, you dont. The future of the market is never clear. But at t. Rowe price we can help guide your retirement savings. Our experience is one reason 100 of our Retirement Funds beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. So,as my personal financial psychic, im sure you know what this meeting is about. Yes, a raise. Im letting you go. I knew that. You see, this is my amerivest managed. Balances. No. Portfolio. And if doesnt perform well for two consecutive gold. Quarters. Quarters. Yup. Then amerivest gives me back their advisory. Stocks. Fees. Fees. Fees for those quarters. Yeah. So, im confident im in good hands. For all the confidence you need. Td ameritrade. You got this. Tom and right now, we are joined by one of the stars from the netflix breakout hit orange is the new black, sellenas leyva she plays Gloria Mendoza on the show. Lets watch a clip. I will help you and i did but i am not going to get caught up in the middle of a whitey versus blacky war. You all got history. I want nothing to do with that. Ill get it as soon as i can. Thats three days in english. Tom the show recently won the 2015 s. A. G. Award for outstanding performance by ensemble in a Comedy Series and the show will return in june. Celinas leyva. We were talking about the fact you came from Laguardia High School where you got your breakout. That was it that was amazing foundation. New york city, across the street from Lincoln Center juilliard, and its a public high school, and you get the most amazing training that, you know, thats available. Tom its hard to get in. Its so hard. The year i got in, and i like to brag about this. They accepted 18 student, 18 spots and they had over 2000 applications. Tom thats my point. Not too shabby. Tom so television entertainment, netflix, hbo what happened to nbc, abc, cbs. Theyre still there i think we are definitely shaking things up a bit. Netflix has an amazing new way of entertaining, which is were releasing it all at once and giving the viewers an opportunity to decide how much they want to watch. Tom and monica youre a big fan. Im a huge fan of hers because of your character and you are absolutely brilliant. Thank you so much. The show is brilliant. Binge watching, this is what i do netflix orange is the new black, house of cards, i cant stop its addictive. I think thats the way of the future. Content is king and its up to the consumer to decide. Were so busy, this is perfect for the new generation of busy busy now, now. Tom theyve been telling us that over a decade content is king, you dont have to go off the broadcasters schedule. Were really doing it now, what changed . I think netflix came in and said we have to get with the times. People want to have more control. We want everything at our fingertips. We walk around with cell phones and lap tops constantly. This is a way of keeping the quality. Tom can you be edgier. You can be edgy. Going back to network tv is probably going to be a little difficult. Tom look, i was with a guy ten years ago who said ill never pay for water or television. Now we got to get you watching orange is the new black, its brilliant. Tom thank you so much. Finally someone saying what weve been saying for years about the job numbers. From the government weve been talking about. They dont tell the whole story, were on it, in two minutes. We hear this a lot from colleagues at fox business and our friend Stuart Varney has been talking about it for years now. The fulltime unemployment jobs will never come back until Free Enterprise and the spirit of entrepreneurship kicks back in. All thats going the wrong way. Thats a big, big challenge. Theres nothing more romantic than a spontaneous moment. So why pause to take a pill . And why stop what youre doing to find a bathroom . With cialis for daily use, you dont have to plan around either. Its the only daily tablet approved to treat erectile dysfunction so you can be Ready Anytime the moment is right. Plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. Why pause the moment . Ask your doctor about cialis for daily use. For a free 30tablet trial go to cialis. Com at ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. Tom every first friday of the month, the Labor Department gives us the unemployment report. This network spends a lot of time covering it. If youre not watching fox business and specifically varney co. Youre not getting the full story. The Mainstream Media gives you the top line numbers x number of jobs created, the Unemployment Rate is y, but lately the numbers appear positive. 252,000 jobs created in december. Unemployment rate 5. 6 , and thats all youll get from them including cnbc. Happy days are here again. They all talk about the recovery. America getting back to work not so fast because most of those jobs low paying, wages are down, not to mention tens of millions of americans that are either underemployed or given up looking for work. They dont count in the numbers of the other guys like they spew at you. Much more to the story. Varney co. Has your back, and now gallup has ours, and thats how we begin hour two. Tom and not only does gallup have our back but calling the numbers a big lie. Listen to the ceo on americas newsroom this morning. At recession, we lost 13 million jobs. Only 3 million have come back and you cant see that in that number. The other thing that is misleading, the more people that drop out the better the number gets. Tom dan heninger from the wall street Journal Editorial Board is here. This is gallup, saying the numbers the government gives us is a big lie. Thats a pretty wellregarded organization . I would say so. The government numbers have been a little slippery. We dont talk too much about the Labor Participation rate which is still as bad as it has been in a very long time. You know, i think the one number that really tells you the most about the state of the economy and reflects the anxiety people see is the growth rate. In the Fourth Quarter of 2014 it came in at 2. 6 . The economic consensus was 3. 2 . They missed it by a lot. If youre a half point off on the growth its going to slide right through the entire economy. The number that disturbed me in that report was Business Investment was up 1. 9 . Thats really weak. Thats where your real jobs come from, thats where wage growth comes from. If thats weak jobs are not going to come back. Tom dan you and i have been reporting on this number a long, long time, i tell you, ive talked to the people over the the bureau of labor and statistics and just like the name says, theyre a bunch of nerdy numbers guys and gals and thought they would not play political games with this but then it was moved to the Census Bureau does that and the Census Bureau at beginning of the Obama Administration was moved into the white house. Is this all a political game . Well you have to distrust. This is a white house that had the Internal Revenue Service Investigating the groups. They have created these suspicions on their own by doing that sort of thing. Back to the growth statistics. They revised those several times every year, and what the Government Agencies are doing with massive amounts of numbers are guesstimates if they are more honest about that, i dont think they would be running into the suspicions that built up around the numbers. Tom the other thing is numbers have changed. A guy, i give him a shoutout, John Williams not the music composer. He runs shadowstatistics. Com. He still asks the question a Household Survey question have you been looking for a job if youre unemployed beyond one year . He gets that group. He says that number is more than the total Unemployment Rate is more than 20 . I agree with mr. Williams about methodology. Thats where you get the true impression of the economy in the households, among people whose sons and daughters are looking for jobs either they are getting poorly paid jobs beneath the level of education they attained. One of the big stories weve covered several years now or still looking for work. Thats the source of the economic anxiety that you see reflected in the gallup poll that seem to be out of scale with the claims the Obama Administration is make for its economy. Tom your editorial today about the president s budget and youre saying it makes us more dependent on government . Im calling it the empire of taxation, hes proposing 1. 5 trillion in new taxes starting in 2016. The budget he proposed, 3. 99 trillion. They didnt want the 4 trillion number sitting in front of it is up a trillion dollars since 2008. That moneys that to come from somewhere, and its being pulled out of the private economy. Hes got to get it from somewhere. The Treasury Department released a document outlining the Obama Administrations taxes proposed. 300 pages long tom. This is an administration and a government that is simply built on the idea, you pay taxes, you send it to them, they decide what to do with your tax money, and supposedly we have good government. Tom we are thankful you are watching and reporting on it. We need it. Dan, from the wall street journal, thank you so much. Checking the big board, dow holding the tripledigit rally. Look at that 156 points. That will bring us to 100 points away from the 18,000 mark again. And oil is coming back in a big way, you know what that means, prices probably going 51. 32 for a barrel of oil if youre buying one. Gas were up a nickel that puts it up over a dime over the last two days. New developments on jordanian airstrikes against isis fighters in syria. Lets go to rich edson for the latest. Reporter couple of days after the disgusting video surfaces of murder of a military pilot. 20 jordanian f16s have dropped bombs on isis positions in syria. So this video that was designed to dissuade countries from working with the United States and coalition against isis jordan back at it. 20 jordanian f16s dropping bombs on isis. Targets working hand in hand saying that the u. S. Military flew supporting aircraft to pave the way for all of this. Meanwhile back in washington, d. C. House minority leader nancy pelosi, the top democrat in the house believes the administration should, quote, move quickly to give more capacity to the jordanians. So the video tried to have one effect. Jordanians striking back theyre back at it against isis. Tom. Tom interesting about nancy pelosi. Well have more on this later in the hour. Chris style will join us. Meantime, breaking News Associated press reporting pope francis will address a joint session of congress on september 24th. That would make him the first pontiff to do so. And switching gears to that measles outbreak. Lets take a look at this map. Turns out there are 17 states where the vaccination rate for kids is below 90 . Lets bring in dr. Anthony fauci director of the National Institute of Infectious Diseases. Whats going on . Why are we going the other direction . I thought everybody was vaccinated we eradicated the disease and now were going the other direction. Thats unfortunate and the reason were seeing the outbreaks is there are certain segments pockets in the country which the vaccination rate gets below a certain level which leads to the possibility of outbreaks. Thats the reason were seeing it now in 2015. In 2014 was a very bad year for measles. We had gotten rid of measles by the year 2000 by a vaccination campaign, and because of certain parents not getting their children vaccinated were starting to see a resurgence which is unfortunate, because this is an entirely preventable disease because the vaccine is very, very effective, and the disease can be quite serious. Tom as far as the group thats not vaccinated do you or any other organization have they tried to figure out who they are . What the demographics . Where they live, et cetera . Sure, if one looks at the map and looks at the pockets, they are generally you cant make broad generalization all the time for the most part theyre relatively affluent people. There are pockets in southern california, orange county. There are also in northern california, around the area of marin county as well as other places along what would be considered a reasonably welleducated affluent group which felt for a variety of reasons which are somewhat complicated they dont want their children vaccinated. Others have other reasons. The groups reinforce each other that the risk of the vaccine is outweighing the benefit not only to the child but to the society of the vaccine. And i think that that is just all the data that have been accumulated over years clearly indicates the advantages of vaccination, and its really unfortunate that thats the case, that we dont see very, very high levels of vaccine homogeneously throughout the country. Tom interesting what you said, doctor, this isnt what a lot of people talk about, the uninsured Everything Else. Theyre uneducated, poor, not able to access. Youre saying no, no no this is the affluent, welleducated people. I know youre Infectious Disease doctor, but put your psychology hat on. What is getting the people to believe something that you doctors dont . Its complicated, its not just a unidimensional reason why they do that. There are groups for example, early on years ago there were information that was completely false saying that the vaccine, particularly measles and mmr were associated with autism and other very serious adverse events. Those information, those data got out and people believed them, and even after the data and the information have been completely discredited as being false and fraudulent there are some people who still hold onto that. The reasons for that. There are people who have deep philosophical reasons, but theyre not the only reasons. Some people are just not getting the information out and perceive the risk of a vaccine being more than the risk of the disease, thats just unfortunate, because thats not the case. Tom exactly the situation. Dr. Anthony fauci, thank you so much. Good to see you, thanks for coming on. Good to be with you. Tom you bet. Heres the lineup for the rest of the hour, more on the golf caddie lawsuit. They say they should be paid if the pga forces them to wear corporate logos. Golf digest will give us the full story. And jordans king putting on a fighter jet flight suit and vowing major retaliation against isis after the terrorist murder of that jordanian pilot, that update at 12 33. And Dartmouth College offering a class this spring hashtag black lives matter. Well discuss what that class is teaching next. [bassist] two late nights in tucson. Blew an amp. But good nights. Sure,musics why we do this,but its still our business. We spend days booking gigs then weve gotta put in the miles to get there. But its not without its perks. Like seeing our album sales go through the roof enough to finally start paying megs little brother i mean,our new tour managerwith real,actual money. We run on quickbooks. Tha ts how we own it. Tom breaking news, the head of Sony Pictures will be stepping down following the fallout and controversy over the movie the interview. Amy pascal is going out the door. Im surprised, tom, very surprised. One of the things we both obviously covered the story. Companys Financial Performance was strong underneath. She was a good thing for the bottom line at sony. Im speculating here, i have a feeling she lost the trust of the artists. Once the emails surfaced and she was so brazen about Angelina Jolie and kevin hart and racism was mentioned in several reports, it just i think that without the stars and the directors trusting you you cant effectively run the company. Fair to say here she was good for the company. Tom up until the hack. But the stockholder dont think so, they are celebrating the fact. Is she the only one . There were more people. His name is escaping me. Right above her. Is she the only one to fall on the floor for what was going on . Youre right about losing the trust of the actors and producers. Will anything change . Tom the culture of japan, they ran very independently still, theyre a japanese company. Nothing is going to change in hollywood. You think those emails, theyll call and wont send an email, theyre going to have the offcolor inappropriate discussion. If anything she came across as a very strong i mean too strong leader when it came to sony. She is not going to be unemployed for long. I believe that. The fight she was having she was calling out some of the biggest stars in hollywood basically saying they were acting like spoiled brats. She was standing up to some of the most difficult producers in hollywood. The people who need the relationships, she has them. The cybersecurity stocks are rallying on the news of the massive hack attack against Health Care Provider anthem. Splunk and fire eye, you name it, go down the list all green arrows today. As many as 80 million americans had personal information stolen in this attack. Adam shapiro has more on this one for us. Adam, what is anthem doing in this response . Lets get right to this, first tens of millions of people who had information. Social security, birthdays, addresses, anthem is saying no medical information. No Prescription Drug information, but Social Security numbers is what its all about. Thats what they sell the stuff for. Heres what anthem is doing, all product lines are affected Blue Cross Blue Shield. Theyre notifying current and past anthem employees and members, and they are providing credit monitoring and id Protection Services free of charge. Youll receive notification individually if you are one of the 37. 5 million. It could be as high as 80 million, past and current anthem employees and members who are part of this. This is a quote from mr. Swedish, he said in a statement about the hack. We will continue to do everything in our power to make our systems and security processes better and more secure. The question question, a lot of this had to do with storage at an offsite outside storage facility. Everyone uses offsite, outside storage. Banks use vendors. Banks use outside vendors. You are only as strong as weakest link. She is saying shes going stay with sony within the studio. Sony releasing a statement, she is going to stay with the Production Company of sony and not let go. I had a feeling. Tom Dartmouth College offering a Spring Semester course named ten weeks ten professors black lives matter in staten island, new york where two black men were killed by police officers. Kayleigh mcenany do you think a course like this is necessary. No its inexcusable for an Ivy League Institution to endorse a false narrative. To say black lives matter have you believe to the converse, which is Police Believe black lives dont matter. There is no evidence to that. Obamas Justice Department is about to drop the ferguson charges, it is inexcusable to endorse this narrative. That is what dartmouth is doing. What is the course going to be if youre majoring in criminology . Is it law students . Where are they offering this and why . I believe its in the undergraduate institution, theyre going to look back at the historical roots of racism looking back in history, tracing them up to ferguson. So to make that link is suggesting at the outset that there is a link, and i think thats debatable, and i dont think its debatable. What we saw in ferguson has zero to do with the history of slavery or racism, they are making that link which is perpetuating this narrative. Tom move onto another subject, i love this story. Very ironic. A selfproclaimed atheist makes more than 100,000 a year selling a bible app. Hey why not . Exactly. I agree with you. Why not . This is capitalism. He saw an opening in the market and he took it. I cant fault him for that. I would rather as a christian myself rather see the atheist man spreading the word of god than spreading the message of atheism. Tom he thinks he doesnt believe the bible, but he says a lot of people do, so he found something that a lot of people buy, this is a fast way for them to do Bible Studies and Everything Else. I guess hes able to put his head on the pillow and able to sleep with the fact you sell a product you dont believe in. I thought you have to believe in what you sold. He didnt imagine it would have much success, he was astounded it was as successful as it was. Said he if he went back, he might not have done it given the success and how rampant its grown and how much he made off of it. He had a moral dilemma about the situation. Tom maybe hell get a little faith out of all of this. Thanks for coming on. Professional golf caddies say they should be paid for wearing the corporate logos . Do you think they have a case . Well discuss after this. Startupny. Its working for new york state. Already 55 companies are investing over 98 Million Dollars and creating over 2100 jobs. From long island to all across upstate new york, more businesses are coming to new york. They are paying no property taxes no corporate taxes no sales taxes. And with over 300 locations, and 3. 7 million square feet available, theres a place thats right for your business. See if startupny can work for you. Go to startup. Ny. Gov. Im almost done. [ male announcer ] now you can pay your bill. Manage your appointments. [ dog barks ]. And check your connection status. Anytime, anywhere. [ dog growls ] oh. So youre protesting . Okay. [ male announcer ] introducing xfinity my account. Available on any device. Speed you black breaking news that we brought you minutes ago. Head of Sony Pictures amy pascal is stepping down. Cheryl is not going anywhere. But amy is stepping down and she well be staying with the company in some capacity so all kinds of things happening. Yes come as we were talking the breaking news that we saw she is staying. As i mentioned before she has proven to be a Strong Financial performer when it came to the studios. She has improved the earnings for sony overall and im assuming that they said wait a minute, we need to keep her in the production capacity. So shes going to start a Production Company at the studio in may of 2015 sony does releasing a statement, her own venture and her own Production Company under the umbrella of Sony Pictures. So could this be contractual . Welcome it could be. Any of these ceos many of them are in a contract and there could be something going on there. Tom it has to be a sweet deal for her to say yes im going to do that. So she is winding up with an opportunity that is probably too good to be passing up. So okay, lets talk about golf. What about caddies . They are saying that they are forced to wear bibs with Company Logos on it. Making millions by using them as human billboards. Well, they are not seeing a dime of that. I spoke to greg norman, the golf legend, and he says that the caddies deserve a piece of the pie. They are not just caddies they are professionals, this is their life, this is what they do. And they are part of a team. Tom here is more on this from golf digest. I think that he made some good points, hes a very smart guy. And so i think that he is may be confusing the issue a little bit here. And you know its sort of the part of the deal here. Tom at the same time if i am wearing a bib with at t on it do they pay endorsement money to the golfer but not to the caddy the golfer get some of that money to the caddy . Well, this is a fox business sponsored golf tournament. Lets its happening tomorrow. They will say that it we will give you this. Then they take this, that is obviously something that turns into prize money and then caddies get a cut of the money. And so at the end of the season a pga tour player gets 6 million in prize money the caddy gets 10 of the money which is in part endorsement money. I thought that the caddies work for the golfer. They are independent contractors. That is where i think this becomes interesting. Because in some ways they are independent contractors. But the interesting thing is that it might necessarily not be in their best interest. They say they want to argue what to wear on their chest, it makes sense from a legal perspective. They may not be able to command as much. Tom are the caddies going to win . Im not sure, but i think they have a chance. It is one of these things that is filled with unintended consequences. Tom luke from golf ball digest. Thank you so much. Coming up next preferring Convenience Stores like 7eleven over fast casual restaurants. We will ask about it next. The plan would be that some percentage of profit goes into a business. And you call me back a second time to bail you out and now you are just delusional at ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. Tom checking the big board right now, the Dow Jones Industrial holding onto the triple digit rally. A 149. We are not quite there yet but we could be another rally a way from 18,000 began. Oil is on the rebound and well take a look at that 51. 46 gas jumping a nickel to 2. 15 and the average price for gasoline. Listen to what ed told us last hour about gas prices. Go ahead and roll that tape. I think that the party is still there, because we are still lower. Using a weird analogy. But the party is still going on and the kegs of beer are empty. Because things have changed and we are going to start seeing the prices move a little bit higher. Tom and they well. Pretty quickly. Thats right we got down to 2. 3 per average. A lot of analysts are saying this will be the bottom and it looks like that could be coming to fruition. What this doesnt mean is that we are not going to be getting the benefit of those gas prices in the first half of the year and the economy could use that. But that is where we are. Tom in the meantime, nevermind how the white house trumpets these numbers listen to the ceo in americas newsroom this morning. We lost 13 million jobs. Only 3 million have come back and you can see that when the number comes out, the more jobs that drop out the better the number gets. Tom charlie gasparino, he says its time to turn the page. Lets be clear is what he is talking about is the underemployed people that have dropped out of the work force. That is not something that they have are two ways of looking at it. Lets not criticize the president for using the most the best looking number of unemployment. I dont blame him. You get whatever you can. You should point out that we do have an economic recovery and to say that we do not could be completely wrong and that would be a lie. Some people do believe it. Some people believe in martians. Im just telling you that we do have an economic recovery. I dont know where he got his economics degree from, but we have an economic recovery. There are problems with this economic recovery mainly the underemployment is huge during this recovery. It is bigger than it was in past recoveries. We should also point out that the types of jobs being created are not very good. And there are two types of jobs being created, very much on the low end, you want to flip hamburgers, work at walmart you have those jobs and then you have the high end. If you write code you can get a job and you can call the shots it is the vast middle that created this uppermiddleclass where the jobs are lacking in pay is actually stagnant. So if anyone can sit there and say we dont have an economic recovery, they do not understand. Tom its not like any economic recovery to you and i know. Its the worst that we have very the president would say just to be fair and balanced that i was handed this pile of you know what coming out of the financial crisis. A. B. Shirov would say or i would say that okay this is your policy. Everybody knows that we needed a stimulus coming out of 2000 and eight. But you went out and did a boondoggle of nothing. That really didnt create shovel ready jobs. What charlie said. I say the same. Tom a new study says that Convenience Stores account for 11 of beverage stocks in 2014, instead of 6 for fast casual. Joining us now john come i keep hearing about how the millennialist won all of this polity of scale and yet it looks like they are going cheap. What do you say . They are going cheap, it is a landscape change. When you think about how it has impacted fast food and fast casual, i wonder it if we need a whole new category now. And to millennialist a Convenience Store is not just a gas station but a food store. So they still think of it as that gas station. So the shift and the millennialist dont have the commitment to legacy brands. Take a look at mcdonalds performance and how the numbers are down. Thats customer visits for two years straight three rough quarters. Take a look at how fast casual has used then compared the fast food. These millennialist rather than spending 10 at fast casual they are going in and spending a couple bucks, getting what they need and then they are on their way. That is the mentality that has changed the landscape. A lot of people have become very elitist about this. I wouldnt eat at mcdonalds because of the quality or whatever they have. But from what you are telling me what the statistic is telling us is that they are buying junk food for heaven sakes. Why are they so uppity about mcdonalds . I think that there is convenience and spontaneous repurchases and they deliver trip to have a meal. When youre looking at that deliver trip fast casual is doing well. Shake shack, panera bread, even jackinthebox is beating at mcdonalds mythically. For the last three quarters. What has happened is that consumers are reacting to fresh foods particularly better than the burger segments. I think millennialist are making a choice, that quick shopping saves them money saves them time, they go too fast casual antiskid mcdonalds and they have a gourmet all the product. Tom what you think of the campaign that they have rolled out from the super bowl at mcdonalds . I think that it has angered as many people as it has made smile. You know, i find that people dont want to be told what to do. A bunch of them say no thank you. It seems like a bit of a gimmick. I think of the focus on the quality of products and start to send quality messaging rather than fun messaging, that is going to get them farther. Tom john thank you so much and its always good to get your input. Jordanian King Abdallah puts on a fighter jet sudan vows to annihilate isis. Should president obama be taking notes . That is coming up next we can help guide your retirement savings. Our experience is one reason 100 of our Retirement Funds beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. Tour i have your fox business brief. 155 points right now, the dow is gaining, 17,828. The s p 500 is up three quarters of 1 . Materials and energy and health care, those are some of the best performing sectors. Up 2. 5 alcoa up 2. 7 . And Green Mountain coffee reported lower than expected profit. And many people are mad that they cant use that. Michael kors is down 2. 8 . And take a look at buffalo wild wings, go pro and others. Just to name a few. Hi, tom. Hey, hows the College Visit . You remembered. Its good. Does it make the short list . You remembered that too. Yea, im afraid so. Knowing our clients personally is what we do. Its okay. This is what weve been planning for. Thanks, bye. And with over 13,000 Financial Advisors we do it a lot. Its why edward jones is the big company that doesnt act that way. Tom president obama has been pushing the fcc to regulate the internet as a utility and now that the absence he plans to do so, it could be bad for businesses for some of president obamas biggest donors. Peter barnes has more. Four thats right, the chairman of the fcc announces plan to regulate Internet Service providers, regulating more like public utilities, tom wheeler says that this would promote Net Neutrality to protect Internet Service and content companies. He proposes to for big cable and telephone and Wireless Companies from blocking legal content throttling it, slowing it down allowing them to charge Web Companies for faster speeds on their network, socalled paper organization. Some of the employees and executives of the companies are big contributors to president obama and his 2012 reelection campaign. Comcast employees overwhelmingly contributed to the president in 2012 over his republican rival mitt romney. Rison employees also favoring the president over mitt romney at t employees were more evenly split. But we also should note that employees at the Internet Company that would benefit from these proposed rules like google and yahoo and netflix, they also donated more money to the president s campaign in 2012. The fcc plans to vote on february 26 c1 thank you peter barnes in washington. Breaking news politico is reporting that the Obama Administration has revealed a 21. 8 billion shortfall in the Student Loan Program and it will be tacked on to the federal deficit. Chris stirewalt joins us now and boy, a lot of people are saying that this is just the tip of the iceberg. Yes, and remember why the president initiated this program. Its an kick rack with a private public partnership. And the president said no we are going to save money, we are going to bring it inside the federal government. Not only are we going to save money, but were going to make it better because we will have more loan forgiveness am a it will be fair and nicer and all of those things and the fact that the cost is so high number one, that it was buried with in a table that was hit and as a footnote in an asterisk deep within the Budget Proposal from the president is pretty telling. What is the buzz on this two everybody gripes about washington, wall street and this between the two. On one hand he bailed out the banks ,com,com ma but a lot of it seems to be the question. Was it vote for me im giving you loans . It would be an enormously costly proposal, basically adding, cradle to greer, people called cradle to career the way it is constituted in the United States, you get Free Education from kindergarten to 12th grade and the president was saying lets add this for free obviously making this part of everybodys life is a big priority for this president. So im not sure it was as much about getting votes and it was almost a riot of having 14 or 15 or 16 years as taxpayer education and something that you think is right. Tom chris stirewalt, thank you so much for joining us. Spies and espionage are all the rage. One of the stars joins us after the break. Ive been called a control freak. I like to think of myself as more of a control. Enthusiast. Mmm, a perfect 177degrees. And thats why this road warrior rents from national. I can bypass the counter and go straight to my car. And i dont have to talk to any humans, unless i want to. And i dont. And national lets me choose any car in the aisle. Control. Its so, whats the word . Sexy. Go national. Go like a pro. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. Know that chasing performance can mean lower returns and fewer choices in retirement. Know that proper allocation could help increase returns so you can enjoy that second home sooner. Know the right Financial Planning can help you save for college and retirement. Know where you stand with pnc total insight. A new investing and Banking Experience with personalized guidance and online tools. Visit a branch, call or go online today. So,as my personal financial psychic, im sure you know what this meeting is about. Yes, a raise. Im letting you go. I knew that. You see, this is my amerivest managed. Balances. No. Portfolio. And if doesnt perform well for two consecutive gold. Quarters. Quarters. Yup. Then amerivest gives me back their advisory. Stocks. Fees. Fees. Fees for those quarters. Yeah. So, im confident im in good hands. For all the confidence you need. Td ameritrade. You got this. Tom the popularity of shows about politics and espionage have exploded over the last couple of years, one of the most popular is the americans, now in its third season on fox. Take a look at this clip. You have to believe me. Shut up. I will do anything i can do for her. [inaudible] from a soviet prison . I dont know how your system works. Tom one of the stars of the show is right here, he joins us. The show about the kgb, 1980s and you were born in russia. What do you make of this . It is an amazing experience to kind of go back. To kind of live through it imagine what it would be like. Tom you have lived all over the world, in australia, you are an international man. Yes, i have been around. Does that help you . The more youre able to tap into those different backgrounds and the more you travel the more people that you meet. Obviously the show is incredibly popular. What do you make out of this new show called allegiance on nbc, a complete copy. I dont know the show come i havent watched it. It is just launching, it is basically a knock off. I dont know, i havent watched it. Tom i would take it as a complement. You know as long as nations fight each other its not the first and its not the last. Tom why are we so fascinated by the kgb . Everyone wants to be a special agent. Everyone wants to delve into the dark side. Now we talk about russia in current political terms as well in this decade and of course the cold war in the 80s. Tom i went to check it out. Thank you so much. Take care. Tom the brooklyn Real Estate Market is taking off and an example of what we are talking about comes up next tom Cheryl Casone me, you have a mansion in brooklyn. Is it your mansion . I only cover the real estate deed, not spending 40 million in brooklyn heights. Visit at the sales price goes through a 40 million come in the most dense expensive sale ever for a singlefamily home, that is the entire brownstone listed by corcoran the other big listing, it has eight apartments in it. Does someone go in and spend the 40 million and make it one gigantic mansion or do you keep it as is . Which is one large apartment within it. There are families that are together. Tom okay so you could figure out if you could afford it or rent it out. There is some risk and reward for you. We have risk reward coming up. Deirdre millions of names Social Security numbers and birth dates or stolen. And chairman tom wheeler calling the proposal to think of the internet as a utility, the strongest internet protection ever seen. And Sarah Jessica parker, reese witherspoon, they are all scammers. The founder of a popular new intersite joining us later. And sonys amy pascal stepping down. After dealing with hacked emails and new scri