Welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. All right. Top of the news this morning, two routes to the collapse of obamacare. I believe that the wheels are already in motion. Republican congressman fred upton. Senator landrieu have a plan on the table to let you keep your plan if you like it. 2014 and landrieus indefinitely. If you can keep your plan, millions wont go to the exchanges and that undermines the premises of obamacare, it collapses. Young people are not shining up. Why should they . They can stay on their parents plan until theyre 26 and even if they dont have insurance at all all theyve got to do is pay a tax, tax by the way the irs cant enforce if you dont get a tax refund. No youngsters paying in means no obamacare. Theme of the Program Remains obamacare is collapsing right in front of us and new this morning, democrats are demanding an emergency meeting at the white house. Theyre desperate. And its not just obamacare in the news, theres a lot more to go. Three dow stocks making headlines, look at cisco making less money than expected, blaming weak demand in china and developing countries and the falloff is unprecedented and the stock will take a huge hit. Next, walmart making less money than expected. Declining sales in america and the Company Blames a competitive retail environment, not sure what will happen to that stock. Boeing, the machinist unions rejects a contract by overwhelming majority. Would have killed or curtailed Pension Plans and boeing would likely move production of the new 777 xjet out of washington state. Yes, the big story today is the obamacare collapse. Its a train wreck. But according to one of the architects, esekial manual, brother of rahm, its fox newss fault. You and your colleagues were trying to underfund it and make sure it didnt work. A lot of that criticism proved true. Its selffulfilling prove prophesy. I dont think that fax news had anything to do with the rollout of healthcare. Gov. [ male announcer ] what if a Small Company became big business overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. Hmm. Mmhmm. [ engine revs ] [ male announcer ] oh what fun it is to ride. 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Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. train horn vo wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. And this park is the inside of your body. See the special psyllium fiber in metamucil actually gels. And that gelling helps to lower some cholesterol. Metamucil. 3 amazing benefits in 1 super fiber. You can go your own way go your own way. Well, young people certainly want to go their own way. Theyre not signing up for obamacare, thats one way the whole thing is imploding. Weve got that story for you in a couple of minutes. Were close to the opening bell, come in from chicago, larry levin. Larry, no waffling, please. I want a flatout prediction, 16,000 for the dow industrials when . Monday, monday is my day, only about 120, 130 points away and throwing in one down day we need to be up 80 points and monday is my day. Monday 16,000. Stuart were still in the same place and this market wants to go up, correct, thats it . Janet yellen it going to tell us more of the same and she is and 16,000 will probably be a distant memory as we continue to get this propped up by government interference. Stuart youre probably all over youtube with that prediction and we appreciate the precision, monday. Ed butowsky is joining us from dallas. Same question, when do we hit dow 16,000 . Any day now. The markets is going to keep rallying. The market is undervalued based on expected earnings and where Interest Rates are. We should be somewhere around 17,500 actually if you look at it from a pure valuation basis so this market is going to go a lot higher unless something from outside the u. S. Happens. Stuart a little waffling butowsky, we had larry say monday, and you said any day now, what does that mean . Well, well see monday if larrys right and then ill be right, any day after that. Stuart thats pathetic. Stay right there. Well be back. Retailers, now, they rallied yesterday because of macys, very strong numbers from macys. Could be a different story today. Stiff competition cutting into walmart says sales, so first off, walmart stock, please . Its to the down side. Down 1. 1 and the ceo, right, you saw the weaker sales numbers, the ceo actually said theres uncertainty from the customers. Uncertainty about the economy, about the government, about job stability and something thats very telling is the 2 million transactions on layaway for the holidays. I mean, thats pretty amazing. Stuart wait a minute, wait a minute, whats significant about 2 million layaway . I dont get it . Its interesting how people want to get things, but they have to figure out a way to pay for them piece by piece. I mean, right . I thought its interesting and also too soon to tell about the food stamp costs how that will hit their numbers. Stuart how about kohls . Theyve got a disappointing profit report out. Are they way down . To the down side. Samestore sales down 7 1 2 at 54, and samestore sales drop and cut their profit forecast. Stuart thanks very much. Weve at 5 points in the early going. And may be the stock of the day is a big loser, that would be cisco. It says it will make less money in china because of fallout over the u. S. Spying scandal. That came out of nowhere, but there it is. Now, that stock is up 22 so far this year, but right now, its a huge loser. Its down 12 . Now, cisco is a major corporation. You dont often see a big company like that drop 12 right from the getgo, but down it goes. Now, look at boeing. The Machinists Union rejects a contract proposal and the contract would have exchanged concessions for decades of secured jobs. The stocks up 76 so far this year and the contract is turned down by the union and stock goes up, 133 now on boeing. Ive got another number for you, this is interesting. 26,794. Thats how many people use healthcare. Gov to pick out a Health Insurance plan. Way below the half million they were expecting. Lets bring in a political prospect editor. I want to focus youre young so i want to focus on young people. If young people dont sign up for obamacare, the whole thing falls to pieces. Theyve got to have young people paying it. The government is not telling us how many Young Healthy people signed up, they wont release that information. So you tell me are young people going to sign up for this thing . No, absolutely not. And stuart, you hit it. Thats the crux of it. This entire system depends on 15. 7 million millenials who currently do not have insurance to go into the market and get the insurance. Theres a 15. 9 Unemployment Rate among millenials what i spoke are in homes 82 are low to middle income homes. People my age are struggling, stuarts, theyre struggling and care number one about finding a job not finding an Obamacare Exchanges and a Health Care Program and theyre simply not going to sign up because they cant afford it. Theyre hurting too badly. Stuart and those people that you talk about millenials, 15 million of them roughly 18 to 34, theyre key to to whole ball of wax. Theyve got to sign up. What theyll probably do is sign up for medicaid if theyve got such a high Unemployment Rate as you say theyll sign up for medicaid, that does not put money into the pot which is what obamacare desperately needs. In fact, it takes money out and away from the taxpayer. Yeah, youre absolutely right. And thats why we saw 396,000 who have signed up for medicaid, and yet, so few have signed up for the actual system that we need to pay into this. And you know, its basically the takers are coming along, coming to get their Health Insurance and no one is paying into the system and its fundamentally untenable on its face. It cannot work when people are taking and no one is giving and putting in. Stuart, i think give it two years, i dont think obamacare is going to be around or the remnants are going to be very sad and big tarnish on the democrat partys reputation. Stuart theyre holding an emergency meeting today and they want to hold that meeting in the white house, theyre trying to organize it. There is clear desperation there. Let me just follow this through. If young, Healthy People dont sign up and pay in, then i think that the premiums, these Exchange Contract premiums, they have to go up for everyone because theyve got to have more money coming in and theyre not getting it from young people. Yes, how much higher can the premiums go . For the average young person the premium is three times the amount of their current premium. How much higher can they go before people start saying away with the system we cant do it anymore. Stuart, one thing quickly, millenials, 56 say that obama has done a poor job on health care and that is before the penalties come around on march 31st and thats truly an astonishing number when you step back and think about it. 56 of millenials think he handled it poorly. Stuart thats why theres a desperation emergency meeting organized right now at the white house. Thank you very much indeed for joining us, see you soon. Okay, lets go back to ed in dallas on the big story, which is the, i think, the collapse of obamacare. I want to relate it to the stock market. Now, lets suppose im right for a second, in the unlikely event im right and lets suppose. By some chance, right . I think theres a strong chance, frankly. If it collapses sloo you will. Stuart if it goes away in whatever shape or form, what happens to the stock market, a plus or a minus . First of all, stuart, i think youre spot on. All of your reporting has been correct on this. How it goes away, a slow, steady go away thats good, but it will go away and when it does well see a rally in the stock market because obamacare is basically a blanket on the economy. It hurt hiring for a long time. It continues to hurt hiring, its expensive on the overall economy, which raises taxes, to have to pay for it. And borrowing money from china, by the way. And with all of this will stop when obamacare goes away, you will have kind of, you know, like, i dont want to call it a Victory Party, but the economy will have a Victory Party and then youll see it in stock prices. Stock prices will rise dramatically if obamacare disappears. Stuart if it were fully repealed and i dont think its likely, i think its a protracted collapse spiraling down. If it were fully repealed you would also repeal those tax increases which funded obamacare. Tax increases relatively wealthy people, Capital Gains and income and a repeal of that medical device tax, all kinds of taxes would go away, supplying money to the private sector of the economy. I think that would be a huge shot in the arm, you know . Thats exactly whats going to take place, you ran the numbers earlier. 27,000 people have signed up, weve lost 5 million, in terms of insurance. Now theyre going in and having to buy premiums that are significantly higher. If they can get them. So we have a net loss hereof about 4. 9 Million People off of insurance, which is a disaster for the economy because who is going to pay for that . The government. Where does the government get money . Believe it or not, we borrow it from china and thats why i call obamacare chinese medicine thats basically what it is. We have to get money from outside the u. S. To pay for this. If it goes away the World Economy starts to rise. Obamacare is a blanket on the World Economy and the stock market will rise significantly when it goes away. Stuart all right, ed butowsky, thank you for joining us as always. Ed, do appreciate it. Thank you. Stuart let me talk about lowelowe a lowes hit a record yesterday and today home depot a similar retailer. Where is home depot today . Whats going on with home depot today . A reaction to lowes . It could be a reaction to janet yellen, good news fed, money printing, low Mortgage Rates because we saw lowes winning a new high yesterday and today. Home depot is the number one performer in the dow and the Home Builders, and theyll report next week. Stuart youve got it dead right. Were about to see the nomination process for janet yellen. The hearings start in about 20 minutes. We know what shes going to say. She is likely to imply that shell keep on supporting the economy by printing money. I think youre dead right. I think thats why lowes went up yesterday, home depot today. The Home Builders are up because Mortgage Rates will stay low and cheap money continues to flow. Youve got it dead right. Youre so good. Nicole youre sweet, thats great, i appreciate it. Stuart sweet, im not. John stossel, he calls it the rise of the libertarians, but in the case of the virginia governors election, i say it only helped the liberal left. Ive got a bone to pick with libertarian stossel and hes next. Clients are always learning more to make their money do more. ann to help me plan my next move, i take scottrades free, inbranch seminars. 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Lockheed martin cutting costs by cutting jobs and the company is going to reduce the work force by 4,000 in response to continued u. S. Government spending cuts. The stock is up 49 so far this year and on the job cuts up up just a fraction more, all of 9 cents. Democrats and republicans, theyre worried about the rise of the Libertarian Movement within the republican party. John stossel takes a look at this on his show tonight. This strain of libertarianism, i think, is a very dangerous thought we are dangerous to the status quo. Watch out, politicians, the libertarians are coming and were skeptical of both parties. Stuart yes. John stossel is with us for more on this. John, just please take a look at the recent virginia gubernatorial election, would you, please. Must we . Yes, we must. The libertarian candidate got 7 points in the vote. Terry mccauliffe, a collectivist won by less than three points. The libertarian, by injecting himself into the race, using obama provided money to do it, put a collectivist, a democrat, a liberal democrat in the gubernatorial seat in virginia. How do you know the libertarians didnt take votes from the democrat, too . Do you really think that libertarians took votes away from the democrat . A collectivist. A democrat who, yeah, were not libertarians arent going to i demand a full apology from you libertarian. Weve got to votes our beliefs. The republican in that race have you ever heard of strategic voting . How is it working out for us . Were going both. Republicans are bankrupting us almost as quickly as democrats. Stuart weve got this guy, terry mccauliffe, pal of the clintons, you people who gave him the election. Its not necessarily because of us people and, yeah, hes a bad guy and a crony capitalist, and youve got to vote your beliefs. Stuart one last one, how do you feel about this libertarian candidate receiving money from a oban obama he did. You take money when it comes in, and thats creepy that they were manipulating the race that way. Stuart so creepy, creepy is as close as we get to an apology . Yes. Stuart john. My libertarian ideas are better. Stuart youve got a special, a documentary thats going to air this sunday i think on the fox news channel, i think. I hope so, but it starts saturday at 9 00. Stuart whats it about . On the burden of regulation and now the big guys have compliance departments and they can handle it. The job creators and Small Businesses get crushed in all kinds of stupid ways. A magician now has to have a disaster plan for his rabbit and come and visit his house a dozen times to check on his disaster plan. Stuart is that true . Yes, yes, and theyre hiring more regulators and were