Transcripts For FBC Varney Company 20130913

Likely. Twitter fills out paper work to sell its stock, dont know when or the price, but for anyone who holds a piece of the action now, big money is on its way. Amazons jeff bezos will do well. All of that money doesnt mean jobs. Twitter only has about a thousand employees. Fireworks at the white house, watch out today, but behind closed doors. Obama, biden, trumka in the roosevelt room. Big labor wants big changes in obama care, it will be ugly, but you wont see it. And oh, the Shifting Sands of politics. A poll shows republicans take the lead on the economy. Stocks up. Varney company about to begin. The president has overseas we know that, and the economy headed down the wrong path according to a newly released wall street journal poll. Just 27 think our economy will improve over the course of the next year. A very low number. Really not much optimism out there, is there . Nearly twothirds of those surveyed think were moving in the wrong economic direction. Four full years after recovery and all of those people think the president has got it wrong. Clear message here, president obamas policies not working and theyre not popular. Wall street doesnt care. Stocks will open up again today. Theres a lot more happening this friday morning, look at these headlines. First off, flooding in colorado. Thousands forced to leave the city of boulder because of rising waters. Some rivers and creeks have not crested yet. Three people are dead. To the jersey shore, where the iconic boardwalk in seaside park went up in flames months after being rebuilt following hurricane sandy. Listen to what governor Chris Christie had to say about that. When i got my first full briefing before i left trenton to come here, i said to my staff, i feel like i want to throw up. Stuart all right, well, christie has been praised for his leadership during tough times and well discuss whether his choice of words there, throw up. Was that president ial . Well discuss it and carry it for you. And twitter, does the paper work for ipo. That means one thing, instant billionaires, dont know when you can buy a piece of the company, but people already with a chunk, theyre going to make cash big time. Take a look at this, horrifying, miss kansas in the miss America Pageant with a tattoo and not just a little old tattoo. A huge blotch of ink. Oh, times have changed. The bell, thank goodness is next. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Its great. [ male announcer ] the best thing to share . A data plan. At t mobile share for business. One bucket of data for everyone on the plan, unlimited talk and text on smart phones. Now, everyones in the spirit of sharing. Hey, can i borrow your boat this weekend . No. [ male announcer ] share more. Save more. At t mobile share for business. Rockin robin, tweet, tweet were really gonna rock tonight is that elvis . Not my generation, by the way, but the world is rocking thanks to the twitter news. And theyve got the tech and investment angles and weve got stocks moving on the news. First, scott shellady. A japanese newspaper says the next fed chair will be larry summers. Who is your pick and what do you think . I think its going to be yellen and this is the reason why. Initially, the president wanted to be yellin and the never ending approval of he thought it was Janet Yeltsin and thought she was a long last relative of boris. Stuart it must be friday. Excellent input. You might come back again. The opening bell has rung and look at this, everybody, were up again. I know its not a lot, but 19 points and up is the opening trend. Lets get to twitter. The ipo filing is giving social networking stocks a boost. I think that facebook is higher than this this morning, nicole, what do we have on facebook . Its about 45 this morning, we see the up arrows there. And everybody continues to talk about twitter and the ipo. Of course, i mean, the executives there must be contemplating whether or not theyre going to list at the nasdaq because of what happened with the facebook debacle and ive talked to the executives here at the New York Stock Exchange to see whether or not twitter and of course they say right away, wed love to have them here and they have been working on it for years and these are the things that build and build. So well see where they land and the big news is that twitter is going to follow an ipo and the social networking stock such as facebook are doing well today. Stuart thanks, nicole, i think that twitter is helping the overall market because now were up over 40 points in a minutes worth of business on a friday morning. Ive got social networking stocks, linkedin is up 100 this calendar year. Its up another buck. Yelp up more than 200 i think over the last 52 weeks and up about 1 this morning. 64. Twitter helps them all. Another point to be made, big money tech does not necessarily mean lots of jobs created. All of these Companies Operate with just a few thousand employees apiece, thats it. Big money, yes. Big job creation, probably not. John layfield, Layton Morris are here and they know the technology, cLayton Morris and the investing angles, john is here on twitter going public. First of all, john, i dont know what the price of this thing is going to be, would you buy it. Depends on the price. Stuart really . Valuation. I believe, absolutely, look at groupon is down 50 and facebook youre basically flat for a couple of years and if it came out 10 billion valuation we dont know yet because of the jobs following s1 instead of an s4 and confidentiality included in this looks like 580 million doubled from 2012. 180 million. And you dont know where its going from here and dont know the valuation. Its all a valuation right now. Stuart so, John Layfield fresh out of the box from bermuda is not jumping all over twitter. Absolutely not. Stuart hold on a second is what you say. Clayton, where do they get their money from . Well, one of the things that twitter is doing well, you talk about that growth that theyve seen from 2012 to 2013. Its from mobile. Remember, twitter is a mobile company. They have a leg up on facebook. And people are wondering how facebook was going to continue to make money in the mobile, and mark zucker burg saying he didnt think that ipad was a mobile device . And twitter was out in front, started a Texting Company to use on your mobile device. Twitter had been making money on mobile advertising. We realized were on twitter on mobile phones and seeing inline ads promoting tweet. Stuart a pain in the neck. Might be a pain in the neck, but theyre making them money. If im a new brand, samsung launching a new phone and see a promoted tweet from samsung on the new phone, im not surprised by it and making good money by that. Stuart just under 600 million in revenue right now right. Stuart according to all things digital, i think. And theyre projecting 900 million next year. The money is there, but the problem is, as theyre making more money on mobile growth, but the problem is they might be getting new users every month. Dave costello, the ceo, sai hoped 100 growth and only seen about 30 growth with new users, 4. 5 million active users a month. Much shall much and might not be getting them. And younger ones might be on to other things. Stuart and new tech is up. Old tech, apple, microsoft, steady as she goes. What do you think . Apple has never made an acquisition that was meaningful to the bottom line. And microsoft j us bought nokia, four months of what the outbreak cash flow what its worth. Theyve not been able to grow organically either. I think thats why youre seeing the old tech company except for yahoo and google that are struggling. Stuart you like yahoo . I like yahoo . I like maris sa mayer, to turn around one of the giants that is going to the tar pit is phenomenal. If she does it, it will be one of the most phenomenal in history. I do not own it, i wish i did. I wish id bought it in the mid teens, i thought there was a chance it was going up to this. Theyre changing the way that we View Television and their content that theyre doing with Yahoo Television is where were going to go. We talked about the nfl has potential to go to google tv. Theyre bidding on the directv rights and thats where the whole migration is going and it will take a few years to get there, but thats the future. Stuart tepid on twitter. Do you want to change my phraseology. No, less tepid than on facebook and i think as we head into thanksgiving with the potential ipo, less tepid because they already own and are smart with mobile where facebook wasnt. Stuart last word, john, youre fresh off the box of thh computer and ive got to give you the last word. What you said about jobs is most important thing. 5300 people work on facebook and 120 billion in valuation and 278,000 employees and thats why were having a problem with employees. Big tech, big bucks. And family sized value meals, steak for breakfast, a lot of mcdonalds news this week and wait for it, you will be able to pay for their new menu offerings on your smart phone, whoopdedoo. And accepting a mobile payment and im told thats big news, nicole. Nicole it is, steak and eggs, steak and app. You can now use an app to pay and receive your order curbside. You dont need to go in or through the drivethrough. This is ala chipotle. Theyve done this as well and this is mcdonalds sayingway want to be up with technology. Stuart hold on a second, nicole. Clayton is still here. Do you think its a big deal . You think its such a big deal, i can go and get my seniors coffee for 53 cents, black to go. Starbucks tied to your credit card and starbucks has success with their apps. Hold up your smart phone and chipotle, youre ordering and driving 20 minutes to pick up the food. Put it on the mobile app, and skip the line. And when apple rolls out the biometrics on the iphone, leave your wallet at home and get everything with the smart phone. Stuart john, are you going to rush out and buy mcdonalds, you can go smart phone directly with your credit card . Absolutely not. Stuart thank you, thank you very much indeed. All right, gentlemen, i digress. New at 10 00, the epa offering three lessons to teachers to push client change. Free, your tax dollars are paying for it. Monica crowley fired up with it and shes higher at the 10 00 hour, the whole hour. The next case, big labor. Whew, very unhappy with obama care. Crunch time has arrived. The president , the vicepresident , Richard Trumka will be pounding the table at a closed door, white house meeting today. Listen to what the head of the Labors International union said. Direct quote, here we go. If the Affordable Care act is not fixed and destroys the health and welfare funds that we have fought for and stand for, then i believe it needs to be repealed. Elizabeth macdonald is following this. What do the labor guys want with this closed door meeting in the white house today . They want the same tax breaks, the uninsured will get if they have their insurance in the healths exchanges. The unions want the tax breaks. Stuart a tax subsidy. Tax subsidy. Stuart they dont get it now and Exchange People get it, but they want it. They want it. And theyve got a union has a delay in the cadillac tax until 2018 and won that in 2010. Three problems with this, its against the law. The health law says thats right, guess what in the Health Reform law says the tax credits are meant for unsured in the exchanges not for those who already have insurance. Stuart you could change that law. They have been doing wavers and more than a dozen or so. Stuart Richard Trumka is going to say you dont change that law, dont get the money and manpower in 2014. Thats what hes going to say. Thats what hes going to say and undercuts the reason for unions because they bargain to get great benefits, including Health Benefits for the workers and they woke up and said the Health Reform hurts us and hurts the Health Benefits for the workers. If they get the tax credits that they want the cost of the bill will go up by half just for half of the union workers. It will go up by half a trillion dollars over ten years and the question is, will the white house go around congress and just enact this tax break for the union . Wait a minute. They get the tax break, the subsidy that they want, the cost of obama care goes up a half trillion over ten years, 50 billion a year, a billion a week . We are talking about the unions under whats called the tax hardly bill. Theres about 20 million of them. Say 10 million of them get the 5,000 tax credit thats a half a trillion over ten years, that means the cost of Health Reform goes up. Stuart ive got a bet at that theres a document dump late friday afternoon to announce something they want 0 conceal from the media, but im just being you bet that the white house goes around congress and gives the union a tax break without going through congress. Stuart im not going to bet on it, but it would not surprise me. Would not surprise you. Stuart i see that clayton and john are nodding their heads. Glad were in agreement. Its a modest rally, but a rally nonetheless. Were up 45 points, 15345. Call it the new normal, president obamas america, 27 of people think the economy will improve in the next year. Stay there, karl rove here in new york after this. announcer at scottrade, our clients trade and invest exactly how they want. With scottrades online banking, i get one view of my bank and brokerage accounts with one login. To easily move my money when i need to. Plus, when i call my local scottrade office, i can talk to someone who knows how i trade. Because i dont trade like evim with scottrade. Ke me. announcer scottrade. Awarded fivestars from smartmoney magazine. She loves a lot of its what you love about her. But your erectile dysfunction that could be question of bld flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms obph, like needing to go frequently or urgently. Tell your doctor about all yo medic conditions and medications, and ask your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, seek immediate medical help for an erection lasting more than 4 hours. If you have any sudden decrease or loss in hearing or vision, or iyou have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. Easier to get things done. Easier to get what you want. And easier to stay in touch. Unfortunately, it also makes it easier for identity thieves to steal your personal information. So when you use those devices you love. You may be giving identity thieves something they love your personal information. Did you know something as easy as posting pictures of your daughters birthday. Might put you both at risk of Identity Theft . Because with a little personal information an identity thief could get the money in your Bank Accounts and the equity in your home. They could even hurt your ability to get credit. You and your family shouldnt have to give up the benefits of the digital world. Instead, protect yourself with lifelock the most comprehensive Identity Theft protection available. Lifelocks credit Notification Service is on the job 24 7. As soon as they detect a threat to your identity within their network, they will alert you, protecting you, before the damage is done. Itoesntatter which devices you use or who you do business with. Youll feel more secure with lifelocks proactive Identity Theft protection. It doesnt matter how old you are or how much money you have identity thieves steal from everyone. You have to protect yourself. I protect myself. With lifelock. [ female announcer ] Identity Theft is so much more than a fraudulent charge on your credit card. Thats why you need the most comprehensive protection that only lifelock offers. Call the number on your screen or go online and try 60 days of lifelocks protection risk free. Call the number on your screen or go online to lifelock. Com digitalworld, use promo code digitalworld, and get 60 days of lifelocks protection risk free. Let lifelocks proactive Identity Theft protection take care of you and your family. And make it easy to enjoy the digital world. Do you mind grabbing my phone and opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . Ill say it again, a modest rally, the stocks are up this morning. 53. 42. Gold, watch out. This could be the worst week for gold in a few months. Were at 1314, down another 16 as of now. And now this, a new wall street journal poll shows that only 27 think that the economy will improve over the next year. Again, thats not much optimism, is it . Twothirds still believe we are on the wrong track economically. Here is in studio, in new york, Fox News Contributor karl rove. Welcome to the program. Thanks for having me. Stuart is this a sudden sea change in opinion on the economy . No, the president s had bad numbers on the economy for a while and both these numbers and his job approval have been, you know, in a secular decline since its been many will the time of his econd inaugural. He has had a very bad first year of his second term and its reflected in these numbers. The republicans now have an advantage of 4 points on which party is better able to deal with the economy. A 12 point advantage on which party is better able to deal with the deficit. A 7 point advantage on which party is better on foreign policy. These numbers are better than the republican advantage on the eve of the 2010 tsunami mid term elections. Stuart or better than the republican showing prior to 2010. So, what does that and youre the political professional. What does it tell you about 2014 . 2014 is not a good year if this trend stays. A year is a long time in politics. But, for example, on health care, the democrats have an advantage on health care of 8 points. Which is good, but its not what it used to be. Theyve had an advantage of 30 and 40 points on the issue of health care. So, this says to me that the Affordable Care act is pulling down, just as it was in 2010, this is a smaller advantage on health care than they had before the 2010 election. Stuart that could become an even smaller advantage as the i think its going to be chaos if this things unraffles, unrolls. Absolutely. Stuart if theyre not peaking too soon, and i know a year is a long time to go. Right. Stuart what does it look like the republicans taking control of the senate next year. There are seven senate seats in mitt romney carried and those are you will an at risk for the democrats. And the republicans need six seats to win the senate so those seven are, you have to sweep a lot of them in order to do it, but its a Good Opportunity for the republicans in the seven seats, in addition, there are seats in blue states, like this michigan. New poll out showing that democratic nominee is up by one point in michigan against a candidate,s he been in the race from pretty much nine months, the republican candidate. One of the republican candidates, whom he was tested against, just got in the race and there will be several others. Were going to see a wider playing field. If there get to be ten competitive seats and races next year, then the republican chances are taking the senate are good. Not great, because you have to take six of them. Stuart if the move towards the republicans on the economy, that stays in place and stays in place on health care as well into next year, are you going to see democrats peeling away from the president , and keeping him at a distance in the Election Campaign . Oh, absolutely, absolutely. Its interesting because in a couple of these senate races, in louisiana and north carolina, you have democrat incumbent senators who are trying it make had a positive of their vote for the Affordable Care act. Well see how sustainable that is. These stay in place, people wont want the president campaigning for them and want to look for opportunities to distance themselves between now and 2014. Stuart you want to see obama care delayed not defunded right . Id like to see it defunded, but i dont know how you get there. The republicans go for defunding and the senate substitutes funding and where are we . Everybody says we dont want a government shutdown. And democrats want to play for it. The delay argument helps bring democrats along. Narrative changes from republican obstructionism, the democrats and republicans alike want to delay. There will be 5, 6, 7 democrats in the senate and say im voting on the individual mandate just like obama did on the employer mandate. Stuart karl rove, thanks for being with us today. Thank you, sir. Thank you, stuart. Stuart the obama administration, organized labor, closeddoor meeting today and bad news friday afternoon press releases. My take on all of that is next. Real fast. A couple of big names you know, jeffries upgrades intel from buy to a hold, the stock is up 2 1 2 . The firm cut its price target on apple to 425 from 450. And theyre calling it the coddling of americas youth. Well, i am. Parents going on Job Interviews with their kids and disney offering interactive experiences, and. And a million and a half people join hands in protest across spain. The makers versus the takers. A fellow refugee from europe in socialism is in a moment. It sounds ominous to me, there will be a closeddoor meeting in the white house this afternoon. The president , the vicepresident , big labor bosses will confer in the room. And this nation has a history of dumping bad news when it hopes the media isnt paying attention. Remember the big chunk of obama care before a weekend . Watch out today, its pure speculation on my part, but the stars seem to be aligning for another dump today. 3 15 in the afternoon, the obama, biden and trumka, obama care will tax union plans. Its highly disruptive they say. Mr. Trumka has been stiffed. After all the money and support that big labor has plowed into the democrats campaigns he gets beaten up by the people he vigorously backed. Hell hath no fury like a union boss spurned. What is he going to get out of todays meeting . I dont know, but the odds are that with an Election Year approaching, the obama team will move heaven and earth to placate Richard Trumka, give him something. This is what gets to me about this president. We were told that special interests would not influence this administration. Are the unions not a special interest . It is flatout wrong that a Health Care Law that hits us all will not hit the president s pals if they can get to him and apply some pressure. So watch out, here comes the closeddoor meeting. Looks like to me the fix is in. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting hist. Were making it. You are gonna need a wingman. And with my cash back, you are money. Forget him. My Airline Miles will take your game worldwide. What im really looking for is i got two words for you rewards. Theregot to be better cards than this. [ male announcer ] theres a better way with creditcards. Com. Compare hundreds of cards from all the major banks to find the one thats right for you. Its simple. Search, compare, and apply at creditcards. Com. First rounds on me. [ male announcer ] 1. 21 gigawatts. Today, thats easy. Ge is revutioning power. Supercharging turbines with advanced hardware and innovative software. Using data predictively to help power enre cities. So the turbines of today. Will power us all. Into the future. 18, who cares . We dont have time for superstition. We have this for you. Here comes obamacare, repeat it . Debate . Shutdown the government . What is a republican to do . We have a republican who wants to play hardball. The french exam soccer players from the 75 tax, the same the world over, tax it to death and it dies. What is with kids . Mom and dad at a Job Interview . Can go to the movies without an attack had . Another of 6 passes judgment. Monitor on todays obama summit. Charles on twitter, all we make money off of it, we have it all so lets get on with it. Lets get on with indeed but look at this, dow industrial average up 65 points at 15362. We are less than 300 points from an alltime high. Charles absolutely. Absolutely. The evaluation is there, the growth is there. Waste my time staying up until midnight reading income statements. I am dumb for doing that, so simplistic, i should simply waiting until the fed is out and i will buy the market at 17,000 when they stopped doing this. Stuart didnt need to upset anybody. Charles bunch of kids used to pick on me for going to school. You are done for going to school. Sometimes i would come on the shows and i killed them for reading income statements. The company made a lot of money in europe and japan and africa and latin america, making real money. And i feel bad to not save a nickel because we scare them. Stuart first of all look at gsp capital. They own some privately held stock of twitter and that stock went way up yesterday, it is up 13 today. This is one of charless picks. When this thing comes out i dont know what the price is going to be. You are making a face. Charles there are two models, the linked in model, data small float, went out when the stock exploded thursday of trading and recently went to the public for a lot of money but they go public like linkedin time and trying to get every nook and cranny like the world is coming to an end i would buy it and if they take the facebook route will they raise the ideal offering every day . How many people are buying it . Go 15 for 2425, i would not be one of those who gives up every nickel because the company cant be patient enough. If they go in that route i am all over it. Stuart twitter doing well for the overall market pulling the social media stock up as well. Go through it for me. Nicole it certainly is. So much buzz about twitter. Everyone knew about the real deal. Facebook early on was in the green above 45 but it pulled back and so has linkedin the facecash am hot with self much hoopla, facebook. Com dagenandconnell book page and out is about twitter. Is that what were going to do next . Stuart by giving it some much prominence im getting hyped to it. I take your point and charless point. Look at the price, are they grabbing all the money up front door leading some on the table for future investments. That is the question whether to invest in twitter. The epa is offering free wesson plans for teachers to educate children and Climate Change. The lesson plans aimed at middle school children. Are they going to tell kids not to execute the that is carbon dioxide. The ideas at these are free lesson plans, may be free to the teachers but who pays for it . All of eyes that the federal level of federal income taxes. We are paying for the indoctrination of these kids to be taught about Climate Change, talking about rising Global Temperatures. The Global Temperatures have been flat for 20 years. What we saw two weeks ago, big story about the polar icecaps, growing, 30 bigger than the bbc in 2007, what exactly will they be teaching these kids. Stuart an extra million square miles of ice because it was a cold summer in the arctic . Government Climate Change panel, the bbc reported in 2007 by this year those arctic polar caps would be shrinking to almost nothing. They are growing. We wonder what propaganda of the will be teaching. Stuart it is propaganda on apartheid and our money. I have a bet with richard branson, or eight years ago, it was the bat and i said the polar ice caps will not have melted by whenever it was, 2015, he said they will be melted and if i am wrong you get a free trip into space on my commercial charles a soo to. A get packing. Stuart moving on the dow was up 45 points. Dow is up 45 points, as we speak. Very modest rally but a rally nevertheless, 300 points from the alltime high. What do republicans want to do . Defund it . They la it . Are they prepared to shut down the government to get one of those options. Congressman David Schweitzer from in arizona is a republican. Where do you stand on this . Are you going to play hardball and say i am prepared to shut the government down to get rid of obamacare. Un hardball camp . You have to play hardball, i had the vision of you going through an astronaut training. 2010, overwhelming change, the biggest in u. S. History, in the u. S. House electing republicans, changing of the majority, that was about obamacare. In 2012 republicans retain control of the u. S. House, much of that was about obamacare. The reality is when you have the union left contacting your office saying this is crushing my members and their 40 hour work week you need to do something, the world needs to step up, and if they can defend this, get the wheels going. Charles it is defunded. The republicans, led out a number of options. Even darrell issa is working on an option, where the same healthcare package for the u. S. Congress, there are options out there that dont destroy the 40 hour work week. Dont change a relationship with government. Stuart you can get through through the house. And they will veto it. That is where we need to be creative in the house. With the president be willing to work with the majority in the house of a broader package that giving the ones or helped us in the funding obamacare or even a years delay. I would be willing to sit down with the senate and president and leadership even for that delay because it is damaging Economic Growth in this country and happening in the jobs report. Stuart if you were to handicap this, and flat out the funding. You have to go with the latter. I am a bit on the pathologically optimistic side. Like every negotiation, you dont start negotiating with yourself when you are beginning. Monica crowley is with me, arch conservative and might add. Im a big fan of monica. Stuart we have karl rove sitting right here a few minutes ago and he says his preferences were delayed. Congressman schweitzer is saying his preferences were defunding this thing. Where do you stand . To start with the defunding effort. If it is the political wall you are talking about in the senate and the president has ultimate veto power over this, a move to a delay so if the defunding thing officials you deal a as long as possible. This is one thing that is up give me for republicans. We are on the same side, 60 to 70 of the American People hit this thing and why not repeal leader in total or in part. Stuart we are talking about going down to the wire. The public is fed up. Charles a huge mistake, wanted to jump in. Is a huge Public Relations mistake. If you went last year. Have to play the hand we are given. I want to do somethinge holistic and elegant, doing an omnibus budget bill with woven into the debt ceiling that the funds obamacare, lets actually do it, the constitution is written, what is your idea . Let the process began. This isnt new. The reality of it, i despise these moments when we go to the last second. Stuart republican David Schweitzer in arizona, very forceful, we appreciate your input in that intense debate. We appreciate it. Back to nicole petallides, 6away a big winner. Credit suisse has come out and upgraded safeway, pennies away would turn it over to whole foods market, hitting an alltime high. It is up 1. 1 and they opened whole foods in manhattan where i go sometimes. Stuart here is charles. Charles you do these stocks, and put everyone out of business. People look at safeway stock. And people love shopping and all of them. Stuart reacting to walmarts victory in washington, did they get rid of the up living wage rule. Charles it is a bigger victory for poor people. Stuart sorry to leave you out of this but safeway and wholefood the dow was up 38 and it is the makers versus the tickers in spain. Amelia and people joined hands saying theyre fed up with the countrys socialist ways. They want a Tax Exemption on football as in soccer team. We will deal with that next. [ woman ] if you have the audacity to believe your Financial Advisor should focus on your longterm goals, not their shortterm agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. If you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do face time and think time make a difference. Join us. [ male announcer ] at edward jones, its how we make sense of investing. Ask me what its like at edward jones, to get your st nights sleep every night. [announcer] why not talk to someone whos sleeping on the most highly recommended bed in america . Ask me about my tempurpedic. Ask me how fast i fall asleep. Ask me about staying asleep. [announcer] tempurpedic owners are more satisfied than owners of any traditional mattress brand. Tempurpedic. The most highly recommended bed in america. Now each of you can personalize your comfort at the touch of a button with our new tempurchoice. So both of you can get your best nights sleep together. This man is about to be the millionth customer. Would you mind if i go ahead of you . Instead we had someone go ahead of him and win fiy thousand dollars. Congratulations you are our one millionth customer. Nobody likes to miss out. Thats whally treats all their customers the same. Whether youre the first or the millionth. If your bank doesnt think youre special anymore, you need an ally. Ally bank. Ur money needs an ally. Stuart we like to follow game stop. It is uptodate, since that death watch it is up 50 . Charles will make some money with something i never heard of, and q mobile. Charles a Chinese Company doing application security. Everything will be mobile. We have more security for these applications. This company has a machine products, stock has been of holes this morning alone trying to make a break out above 21 with a huge one, goes to 26 or 30, tremendous extent, they came out with a new music product that apparently is doing well in. They got partnerships with samsung, blackberry, motorola, the first half of the year the products have id 51,000 threat that affected 21 mobile devices. It is a real big deal and china is the worst place in the world from malware and thats the. Of the one you trust the numbers . Charles i trust the numbers. Reporting for some of these companies has done significantly better. Stuart and q mobile. Stuart it is charles is extraordinarily volatile. Stuart 1 Million People held hands in the spanish region of catalonia yesterday challenging the Spanish Government to let them vote to secede from the Country Blues the in is in the midst of a deep recession. One of these people feels shortrange to by the madrid government. Senior fellow at the Mercator Center joins the company for more. Is this a case of the majors objecting to all of these kickers . Is that going on . There is some of this. As always been talking about seceding. It is not a surprise. It is the small area that creates 20 of gdp of the entire country, actually there are massive producers and of course like many of these european policies there is a lot, but you will go and look for the money where it is, this is where it is. Stuart the rest ended up and objecting. A somewhat related item, the controversial 75 tax plan threatening to drive the best and brightest from the country but one group of high earners, a cant afford to lose, that would be soccer players considering exempting soccer stars from the tax. Is this going to happen . We will see. I actually think theres a big debate over whether to implement that tax but yes, soccer players, they dont want to impose and they are lobbying heavily and there is some support they are always people who say define this policy but you need to exempt this group. If you are going to be brutalizing, why not do it on every one. Stuart we are concentrating on france and spain but this is a worldwide trend, but makers beginning to object to the takers and that is going on, by cronies of the political elite going on around the world. Obamacare, unions are trying to get an exemption from obamacare, some states are trying to get exemption from the exchange, that is the nature of politics. There is a rule, this is a good policy but not for us and what politicians do, what the trade in, cater to this Interest Group and make the rest of the idiots who have been able to get access to pay for it. Point to the real division, in the United States which is republican or democrat or conservative or liberal, it is ruling elite, the ruling class versus everybody else . I agree. Interest groups versus all for rest of us. If you have access to politics, access to congress, access to power or the decisionmaker, you can get your way out of bad policy, very punishing policy, tax breaks exemptions, you can also get funding, targeted spending, government spending. This is the way it works and it is the wrong way, against exemption or subsidies, going to be taxing people, no exemptions. Stuart thank you very much indeed. It pains me to look at it. Miss kansas with a large tattoo. Awful in my opinion. We will discuss it. Controversy over the washington redskinss name in headlines, this time the Washington Post calling for a change. Sandra smith has opinions on all of this and she is next. He will react in a moment. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Stuart is a modest rally, we are up 30, it is modest. Just in time for friday the thirteenth, mens warehouse ceo blames the companys disappointing sales on fear of the number 13. He says fewer people like getting married because they think 2013 is bad luck. Sandra smith is here. I dont know why she will address this subject. I think it is nonsense. It is absolute nonsense. I have no superstitions whatsoever and i come from the city of chicago. Not a single building as the fifteenth floor. Superstitions run rampant and the fact the people wont get married on this day, anyone else get married rest of the year weddings are on sale, hello, look at charles i got married on the fifteenth because it was cheaper. Sandra you guys, friday the thirteenth from copenhagen to helsinki, call letters for helsinki our age e l and the flight number is 666. The flight is apparently fulfill a lot of people charles bring back the guy with the beard and the great voice, if this is the new ceo forget it. Stuart we are in agreement. Miss kansas making waves at the miss America Pageant. 20yearold to reset veil showing off her tattoo during a swimsuit competition. I think this is absolutely fundamental the appalling, dreadful development. Sandra hy knows that there are some things about this young woman i actually really like and find endearingly she has five brothers none of whom joined their father to hunt, happens to be a skilled bow hunter. Very extensive background with interesting attributes, and absolutely despicable, a glee, use some make up, cover it up. Stuart in previous sheet covered it up with makeup but now she is exposed. Charles if she was hiding herself how could she tell the young ladys not to stuart when you and are fundamentally opposed to marking your body. Charles sandra everybody can do what they want to do. I agree with her decision to go public with them in the pageant because this is who she is but then it is up to the judges to say we like this or we dont. Charles it doesnt look bad on her. Some people get away with it. Beautiful skin and complexion, why would you do that . Stuart how will that in 20 years . An ugly bruise. Roger goodell changing his tune on the washington redskins. Months ago he defended that name, said it was in defense of. Now he says lolita might take a second look at that name. Sandra take a second look. In grade school, they were at ought madison mohawk to change our name, i grew up to be a madison mohawk. It could be a big change for the fan. If it is offensive to some lets take a look. Stuart we are at the owners box. Charles i thought theyd presented pride and string for. And this particular symbol was and rates the differently. And i hate when the league would win and say we are going to start your name. Native american groups backandforth and with fans it should be their decision and also worry about political correctness. Charles this is not some mascot walking around. It is a powerful indian. Sandra enough of this nonsense. Question for everybody. Change the name . Yes or no . No . There you go. Charles the wishywashy stuff. Stuart will like change the name of the team . Are we done . Old enough to vote . Serve in the military . You are old enough to make it on your own but that is not the case for the new generation of kids. More on the cocooning of americas youth next. You know throughout history, folks have suffered from frequent heartburn. Butetting heartburn and then treating day after day is a thing of the past. Block the acid with prilosec otc, and dont get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. Zero heartburn. Stuart a closeddoor meeting at the white house between president obama, Richard Trumka, and members of the labor unions, labor is worried about obamacare could help the cushy healthcare plan. They want the president to change the law to accommodate the more repeal the thing. Sandra once again another special interests, got on a obamacare, help was waivers already going to a lot of labor unions and other folks who are tied with the democrats and this white house. America deserves an exemption year but heres the political lever, labor unions going into the white house, later International Union said yesterday that if this thing isnt fixed the ones the whole thing repealed and it should be repealed. The pressure is on the democrats and republicans are saying if you give these lead being in exemptions that is it, game polk for, we will try to defund the this. Stuart what for unpleasant information they want to hide from the nation. New polk from a wall street journal shows america not optimistic about the nations economic future. 27 say the countrys economy will improve, two thirds saying we are heading in the wrong direction. Charles a minute ago the university of michigan numbers cash and out, the Consumer Confidence number at a five month low. It plummeted. All about the outlook. Everyone is worried what we look like in the future, zero confidence where this is going. I dont care which economic theory is 40 thing to work people have to buy into it. A lot of economic success as far as the country is concerned is selffulfilling. Charles stuart the dallas up because been keeps printing. You know this story. Charles it will taper a little bit. Stuart a new trend in parenting, being heavily involved in your grown childrens life, parents sitting in it that kids Job Interviews, kick your parents to work the, what is going on . General manager of the Malcolm Segal network joins us, a mother of 6. Lets get that straight. I think this is terrible and use a . It is insane. We are never going to grow and foster a nextgeneration independent, thinking adults if we are bringing art parents every step of the way. It is not bring your mom to the conference either, some point or another we have to cut those rings, better for all of us, but of the kids and parents and america. Stuart i am older than you. Is it my generation, the baby boom generation that is cobbling their children or is this something of our children are demanding . It is my generation that cant understand giving too much is not a good thing and there has to be a limit. We have to set limits for orchids, whether it is this story of bringing ipads . Stuart a want to get to that but disney is reworking the Little Mermaid movie back to the theaters and saying to all the kids who are going to watch it bring your ipad so you can watch the movie, interact on your ipad. Can you go to a movie any longer and just watch the movie . Game on disney. The fact that they are looking at families and saying we need the haves to come our movies because havenots are not walking wrong with their ipad and if you look at the fact that you consider the fact of the apps and give him our only available to apple users and not available on android, and launched this week, it is in great color, available this morning for pre order and im sure the c stands for, but i believe it stands for children how much more directly is apple going to target little kids who should not be played on ipads and ipods to begin with and telling them lets go to the movies and bring your ipad. Stuart business at all for apple at all . Technology has a wonderful place in this world. The bottom line is we need to make sure our limits on everything, live with technology. Charles society, the whole societal thing where you cant even hardly yell at your kid anymore, you cant spank your kids, kids know at that early age as far as being interactive to enter a crude device, talk about going to the movies i was the one recently where all the teenagers were like this during the movie, they were sitting this close to liege other and avalanche disney are trying to lock kids into the brand loyalty forcing parents to buy those items. That is the critical point. We talked about disney. Disney is devaluing the value of their products, the movie isnt good enough anymore so we are making games. I can what do i need to go to Little Mermaid or anything else for that matter . Stuart are we in danger of being the old guy saying get off of my long, the under generation dont know what theyre doing. We are more in danger of being on a flight to l. A. And when the guy next to us is screening on his iphone when we are sitting over the rockies because now we can use those on airplanes. There has the 11. Where technology in the common decency and especially with kids we need to set limits, we need to make rules. Stuart what rules did you set for your six children on the use of technology . I like to think there are rules. Lets start with that. When it comes to setting rules there is the homework comes first, when they get off the bus there comes first, shower comes first, if you have time to unwind and play on the ipad or watch a movie or do something that is fantastic but there has to be something that comes first. Bernard when you are such an authoritarian. You really are. Thank you for being with us again. It has been a long time. Come back soon. If you are not careful you will be invited. A piece of judaica worth hundreds of thousands of dollars. We have it here on the set on the eve of this jewish holiday. The eve of the holiday. It starts stuart 500,000 worth of judaica in seconds. Jonathan trap, for 39 years old tried to cross the atlantic with helium balloon attached to a chair. Did he make it . Technical glitch forced him to land in canada. [ male announcer] surprise youre having triplets. [ babies crying ] surprise your house was built on an ancit 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. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Its great. [ male announcer ] the best thing to share . A data plan. At t mobile share for business. One bucket of data for everyone on the plan, unlimited talk and text on smart phones. Now, everyones in the spirit of sharing. Hey, can i borrow your boat this weekend . No. [ male announcer ] share more. Save more. At t mobile share for business. Stuart note the numbers made no difference in the market whatsoever. August retail sales up 0. 2 , smallest gain in four months. Americans bought more cars, furniture, electronics, and cat back and building materials. Daimler, those smart cars, dealing with stocks, driving car by 2020 and leave the car will drive on its own most of the time but still give control to the driver in a tricky situation. California lawmakers will allow Illegal Immigrants to get drivers licenses, and Governor Brown hinted in a statement that he will sign the bill. Next, expensive antique judaica. We have got it here. Have a Million Dollars worth of silver, big deal. For teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Bjorn earns unlimited rewas for his Small Business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. Produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less . Ahh, oh [ garth ] great businesses deserve limited reward heres your wake up call. [ male announcer ] get the spark Business Card from capital one and earn unlimited rewards. Choose double miles or 2 cash back on every purchase every day. Whats in your wallet . [ crows ] now wheres the Snooze Button . And this park is the inside of your body. See, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. Metamucil. 3 amazing benefits in 1 super fiber. Stuart supermarkets stocks up, big winners today, any reason why . Nicole Credit Suisse talking about sixth lady upgrading the company and good risk reward for this particular company remained unchallenged player in the arena of supermarkets, that it is compelling and theres no risk reward and that is evaluation when you look at it looks like it will move to the upside is what they are saying. Polk full market, new high, kroger up arrow and see if we cutting through highs. Stuart thank you. Trying to make some money. Charles has a company for us, info block. Charles Corporate Network security. They are doing so many amazing things. Couple things happening. You have got a blackberry, the iphone, someone else has something else. We will set up the network. And it creates new security risks. These guys have products, and ahead of the curve, and it made a big move but the next leg of take stock north of 55. It had a run. Charles gross margin 70 right now, 5 and expect the next fiscal year to go to 12 . That kind of growth in the operating margin will justify am leg up. Stuart we spent all night charles auld russell on this. That was a dog, 80 to 70 to 130. I love it. Stuart it is a dog . Before the stock was a dog . Stuart tonight, don march the start of the jewish young could for. The holiest day on the jewish calendar. For markets, we have some valuable antique judaica courtesy of the next guest, jonathan and company. Welcome back. It has been a long time. Always a pleasure to be here. Stuart forgive me for going get the most valuable item you brought with us but lets do it. We can isolate this on camera. Looks to me like a tower of some sort. It is a what . Spiced hour. Saturday night every night the jews differentiate the sabbath to the week day by small ceremony with a couple volumes and smell some spices. There is no jewish law on how to contain the spices, there is the beneficial good deed to decorate. Stuart 400,000. This came from your side of the pond. It was on the University Museum in london. Incredibly intricate. The person that made that in 1716 in poland, and it is polk work is the same in the area. Yum to pour is tonight. We still in a little tiny boost. This is where 35 to 40,000. And and a debacle as warren for candor. And represent the entire congregation. It represents the upper part of the bottom the lower part of the body with a belt to separate the pure and the holy from the possibly in pure and a belt across it and with that tradition in the ukraine to make a fancy but the land inscribed it with a biblical quotation from the Old Testament indicating that on this day godfreys as of our sins. Stuart are you the biggest marketer of the judaica market . I think so. I hope so. Thank got as far as expertise. A lot of people come to me with questions whether things are authentic or not authentic and hopefully i answer them in the correct manner. I hope so. Stuart we appreciate you being with us today. Stuart hanukkah is in your thanksgiving. Earlier than ever. Come back for hanukkah. First superstorm sandy. Mal flyer. New jersey board what cassis i destroyed. Governor Chris Christie is sick to his stomach literally. We will deal with what he had to say. Lou on lou dobbs tonight Vladimir Putin says american exceptionalism is dangerous. He is right especially for dictators, tolerance and a certain sore loser in the race to be the worlds only super vote super power. Join us at 7 00 eastern. Stuart boardwalk, seaside park tel new jersey is burned to the ground and Chris Christie has this to say about it. I said when i got my first full briefing before i left trenton to come, i said to my staff on want to throw up. Stuart i got it. He is upset to budge a possible potential president ial candidate be using language like that, the use of the word from up . What do you think . I like Chris Christie very much, he is a friend but i would counsel him that if he is planning to run for president and the conventional wisdom is that he is intending to run in a couple years that he toned down that way in which would part of his appeal is he is a straight talking straightforward guy and this is who he is. Stuart he said that is in the as if to say that is me, the way i express myself. Americans want authenticity but if youre going to run for presidency of the United States theres a different level that is expected of you. Last week or two weeks ago he was guest hosting a sports radio show and call the guy a, quote, idiot. That guy is an idiot and the world lacking but the word idiot, the word throw up, works as governor of new jersey, toughtalking guy, if you are serious about running for president you might rain that in a little bit. Stuart more party in just a moment. A lot can happen in a se. With fidelitys guaranteed onesecond trade execution, we route your order to up to 75 Market Centers to look for the best possible price maybe even better than you expected. Its all part of our goal to execute your trade in one second. Im derrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason serious investors are choosing fidelity. Now get 0 free trades when you open an account. Stuart big meeting this afternoon in the white house, president obama, joe biden, Richard Trumka, big labour wants concessions from obamacare, change to suit them. That was my take, here is your take. Mike says it is disgusting those who played a part in writing this long one nothing to do with it yet they force it on the rest of us. And lynn says most everything he has done is to benefit his donors. I say watch out for document dump was a friday afternoon in the hope we are not watching. This is the way it has been on benghazi, the irs scandal, anything, they late on friday so you may be right about that. This is politically toxic for this administration but they are doubling down and dont want to the republicans a mr. Of goodwill by trying to give everybody an exemption or delay it. The will go full throttle on this. Stuart watch out friday afternoon. My time is up but Connell Mcshane is here. Connell we are always watching twitter and everything from a a afternoon, can sneak one by s. We are on three today, and transition to our top story with investors buzzing about this twitter ipo, talking about this hour when it finally gets to wall street. At lands end, the label given to sears in north korea the penalty could cost the Company Seven figures, investigating and tell you all about that. United has its hands full today. The airline is trying to decide whether to honor dirt cheap fares sold by mistake on its web site. A guy in illinois grabbed six realm for its flights to los angeles for 60 on united. And we have a japanese news out of reporting the resellers is the president s choice to the next fed chairman. That announcement could come next week but the white house is denying that. We have that and more this