Bell and the dow is closing in on another alltime high. Yes, this is Varney Company. Lets get started. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. Protect youramily. And launch your dreams. At legalzoom. Com we put the law on your side. All right. Everybody, here we go. Were calling this president obamas america. The numbers for you you. 101 Million People are receiving some sort of government assistance for food. 47 million food stamps. 10 Million School breakfasts, the list of programs goes on and on and the labor department, meanwhile, says 97 Million People work fulltime. In other words, more on food handouts than working. And then we have this, the cost of obamacare subsidies have gone way up. More so, way up from previous estimates. Doubled, in fact, more than doubled, up more than 107 . Accord to go orrin hatch days after the administration announced applying for subsidies easier, you dont need to show proof that you work. More fallout for the irs. 100,000 names and Social Security numbers mistakenly posted on the agencys website. The information was post today a data base for tax exempt political groups, the same agency that will be running obamacare, more on these stories throughout todays program and then we have, lets go to egypt. One day after 51 people were killed when the military fired on the crowd, the military releases a video, showing protesters firing on the military first. And meanwhile, egypts interim rulers laid out a plan for democracy, calling for elections in six months and the white house has not called this a coup and says it will not block to egypt. And Judith Miller joins us next hour. How much does egypt need to make ends meet for one year. She has the numbers and its huge. Make no mistakes about it. There are big names, corporate names, you know on the stock market and theyre making headlines, disney, barnes noble, tesla, ibm, hasbro, are you ready to make money on wall street, that would be Varney Company all of those stories in the opening bell in a moment. [ male announcer] surprise youre having triplets. [ babies crying ] surprise your house was built on an ancient burial ground. [ ghosts moaning ] surprise your car needs a new transmission. [ coyote howls ] how about no more surprises . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. Its just common sense. Every day were working to and to keep our commitments. And weve made a big commitment to america. Bp supports nearly 250,000 jobs here. Through all of our energy operations, we invest more in the u. S. Than any other place in the world. In fact, weve invested over 55 billion here in the last five years making bp americas Largest Energy investor. Our commitment has never been stronger. Not quite the same, is it . The loan rainine ranger, such a disney might take a writedown on it. Disney, well see where it opens in a couple of minutes. Right now, here is my old friend scott shellady. All right, scott, the record high for the dow, 15,409. Were close. Do you think were going to hit it and surpass it this week . Well, we could. And how i think we could do that, if we can get over the old high before ben started talking about his big paper caper. So, if we can get over those dates, june 18th. If we can get over that and hold it, it settles there, i think we have a good chance of getting above that. Youre right. This is obamas america, almost 48 Million People on food stamps. Weve got a 2 gdp and pumping 85 billion dollars into the market every month and creating 150 to 200,000 jocbs. What are the people making if theyre only making 2 gdp. Stuart you open your mouth and youre killing me. And its good to be back and good to see you. The opening bell is ringing and were expecting the dow to go up right from the opening bell, a gain of 60, maybe 70 points that will carry us close to 153. Check the big board in the early going. Were up 30 points, 15263 as we speak. Want to take a look at ibm. Big name stock, lots of people own it, its in the dow of course, goldman downgraded it. Look at it go down. 1 1 2 . That puts ibm at 192. Come in, nicole, im back from vacation. Telllme about another dow stock, dizzily, the lone ranger, tell me about it. Nicole lets take a look at disney. Up 1 , we watched it yesterday after the lone ranger over the weekend. I enjoyed the music, however, the movie was a flop. And basically it brought in 50 million and despicable me brought in 150 million. So that should tell you something right there. Stuart basically were talking here and giving a movie review on a Tuesday Morning after the weekend. Were not really seriously looking at the financials of disney which doesnt care about 100 million writeoff at all. Thats why the stock is up. A alcoa kicked off the yesterday. And they beat the expectations on earnings per share, on the revenues, on the outlook. Good news, its up 1 . However, its interesting when you broke down the report with that, from sector to sector, whether it was aerospace or autos or building and materials. They see growth in the different sectors. Nobody cares. Its 8 a share, its been 8 almost as long as ive been alive, i think. But anyway, thats a long time. I dont disagree, id rather hear what you did on vacation. Just wait. Theres another couple of hours to go on this program which well get to that shortly. Hold on right there, nicole, i want to tell you about hulu, its a streaming video aside. And the owners disney, 20th century fox, comcast. Tracking business from the likes of directv and some private equities maybe. How much do they want . Well, the earlier bid price more than a billion dollars and there are interested parties and meanwhile, netflix, the principal competitor, i presume. No impact on that stock whatsoever. In fact, up another 2 today. 238 on netflix. Come in and tell me about barnes noble, the chief has resigned. I dont know why. Is it because of inept leadership . Whats going on. Because the nook failed to compete. Its so obvious in the digital realm. Its failure and theyre stepping down. Well see what other shakeup occurs now. The stock goes up 3 . There you have it. Im looking at ibm, 192 and tesla is 125. Well get to them shortly, nicole, the dow is up 70 points, 15294. Another tale of ineffective leadership. Blackberry. Our next guest says the company is dead, flatout. Unless its bought out. Larry is here. And thats it . No chance, cant rebound, cant come back. Theyve got to be bought out or they die, right . Absolutely, there is no rebound. What could happen here, you could have a total asset sale and they have 3 billion left in cash. The product isnt doing well. In the tech business, its about the new, new. If you dont bring that out. Youre dead. You ive got a blackberry and im part of the stalled base and they can milk me forever as long as i hold the blackberry. Its worth right now about 9. I think theyll get a take, 5 to 7 range, microsoft. They could take the patents out and the interprice software base, which is the only value and the users. Its a take under. A take under. I said a while ago, from the 5 to 7 range and thats where i believe it will be. Theres a market cap 5 billion. Theyre taking 3 1 2 billion in assets and theyre technically under that amount and they can go totally under and be an asset sale and i dont think that will happen. All right, larry, ive got to ask you about another stock, hasbro. Theyre buying in the mobile game maker, and when i think of hasbro, i think of a toy company. And thats not true anymore, is it . Its gone entirely electronic . Its a great move here. The whole world is going mobile. Were going to a tech eco system and bought a 70 stake in a studio to make games. If you can take monopoly and my little pony and turn them into hits on the mobile. Thats a great play. Stuart ive got to get a grip on this. Thats the strategy for hasbro all electronic, by game makers, studios that make the games . Studios that make the games and turn them into mobile games and the whole new world order, its a smart move. Its thinking ahead and thats what you need to do in the tech world. And blackberry didnt think ahead and kodak, tell didnt think again and a lot of them stayed away from tech. If youre not fast moving, youre going to be dead and blackberry will be dead. Have you been into a walmart recently because i have and the toy section is ever shrinking. It is. Stuart electronics section, thats where the kids are and looking at the mobile games. Were in a new tech eco system. Stuart you like hasbro. Would you buy it. I would. Stuart do you own it . And were talking about president obamas america, made a headline. The handout nation. The stock market is close to another record high. And lets bring in Keith Fitzgerald and investors dont care about what we label handout america. They dont care, couldnt care less about it. All they care about is ben printing money, isnt that right . Absolutely. This is all about ben and as long as its so bad its good mean continues, guess what . The market is likely to go up. Ive come back from a ten day vacation and same old, same old. America is still in the same shape financially and the market is going up. Nothing changes, its still all about ben. Well, thats logical, stuart. I hope you had a great vacation, by the way. But the thing is, the politics of economics tends to be a long cycle game. The politics of the stock market tends to be a quarter by quarter expedition. So theres a mismatch there and what investors are realizing, its the long cycle game thats probably more important and theyll take the short cycle upside no matter who delivers it, whether its ben or economics. Look, the record for the dow is 15, 409. We just crossed 153. Were basically 100 points away from another all time high. Do you think were going to go there . I do, i do believe were going to be there and i think we will have been there for a while. In fact, were a little overdue because ben floated something out there. What would happen if i removed qe, and the markets didnt like that. Hes trapped and not only that, i dont think he has the guts to take his foot off the gas pedal. Were going to get there. Imus were questioning your background. Not you personally, but the background in the studio. You used to be there in portland, oregon, with a fake back drop showing were not raining and now we see a tv background. Whats going on . Well, its still not raining and its a Beautiful Day here, im at a different end of the tv studio because the other studio is used for a different network. Stuart youre in portland, oregon and still part of obamas america. Keith fitzgerald. Thank you for being with us. The dow 15, 297 as of right now. New at 10 00. The nfls image problem. Offseason player arrests, up 75 compared to last year, i say doesnt matter. The nfl will still make billions. No impact whatsoever. What does fox and friends host Brian Kilmeade say about that . Hell join us at 10 25. Two stories for the doctor after this break. If you could screen your children for genetic disorders before theyre born, before theyre conceived . Get ready, its a reality. And the white house pushing greek yogurt and school lunches. Billing government, but is it such a bad thing . Is it . 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I deliberately stayed out of looking at the news and the market and i see astonishing news reports this morning. Look at this, tesla reached 123 a share and its going to replace on the 100. Tesla is up. 109 when i left and 123 now. Kroger made plans to buy Harris Teeter and gets additional 212 Stores Across the country. And facebook at 25. Apple at in other words, big proves and a lot of big name stocks since the 10day period when i started my vacation and now ive got this for us. Randy travis in Critical Condition at a texas hospital. He was of admitted with viral cardiomyopathy. And dr. Marc siegel is here. Its a weakening of the heart muscle in some reason. In this case because theyre calling it viral. Its ballooning out of the heart. The heart can thicken, it can be too strong for its own good or become like a balloon. Theyre saying its a virus, it became like a balloon. It loses its pump. Stuart any connection to his he had frequent problems with alcohol . This is exactly what i was about to say and be careful how i say this. Viral is different from alcohol. Alcohol pickles the heart. It has the same impact. Ten years of drinking will balloon your heart out in the same way that a virus would do in over a matter of weeks. My own personal opinion, dr. Marc siegel here, is that given his history, i would be suspicious of alcohol having been the cause here rather than a virus, suspicious. I cant confirm that and thats not what they are saying, but its putting two and two together. Drinking over a long period of time can cause this exact impact and i want to say that on this program because i want people out there who are drinkers to think about that. If youre a big drinker, think about that. Stuart message well received and taken. Thank you, doctor. Couple more stories for you. Prescreening your child for genetic disorders before theyre born, before theyre conceived, actually. By the way, the worlds first baby was born after full Genetic Screening of the embryo before in vitro fertization. I know why you chose that story. Youre worried what is this going to mean in terms of selection. In other words, down the road, does this mean that im going to choose somebody with blond hair, somebody with blue eyes . Is it going to get out of control to the point where were all robots . And the answer is, it has the potential for that, but right now its in the great medical category. Theyve identified genetic abnormalities and tell you whether the baby might miscarriage. In the business of creating embryos, fertilization, they create five and hope one or two will take. Does the screening go before conception . Yes. Stuart it does . Whoa, whoa, hold on a minute. Before conception . You can use it before conception or you can use it right after the point of fertilization which would be conception. Thats a good point. I hate to put it like this you can weed out unfortunate tendencies, for example, before conception so therefore, you dont have to abort a very, very young human being using this technique . Yes, but this is why i like the program. The truth is its mostly going to be used in the blastocyst stage. And right to life may say that point of view. Stuart ive got to get this. The department of agriculture wants to add greek yogurt in the National SchoolLunch Program in select schools in new york, tennessee, idaho, arizona, greek yogurt. I dont know that its mandatory, but its a suggestion. Im a huge fan of greek yogurt. Your guy here, Stuart Varney loves salmon in the morning, i think is great. Smoked salmon very good for you. Greek yogurt very good for you, a lot of protein in it. Because it doesnt have as much fat and less sugar than a lot of the commercial yogurts. Some have sugar in them. Number two, i dont think my kids will eat this. I like the idea as an alternative. I dont see how we get kids to eat this. Ive got the refrigerator loaded with this stuff and nobody eats it, but me. Its too tart tasting for kids. Do you allow kids to eat twinkies, dingdongs . Not right now, theyre trying to lose weight and the problem is, its the best yogurt for you. But it tastes tart. You can put them into lead the horse to water, but you cant make him drink it. You approve this. Usually when we take the fat out of yogurt, the sugar. Its good stuff, try it with the salmon. You own stock in it . No, thats a perfunctory question, not yet. Do not own any stock. Unbelievable. Charles no stock in the greek yogurt. Stuart you can tell im relaxed from ten days worth of vacation the. You ate a lot of salmon. Stuart sure did. Ive been out of the loop on vacation as i keep saying, ten days, but this morning im right back into the whirl. Didnt like what i saw. My take is next. I turned 65 last week. The math of retirement is different today. Money has to last longer. 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