That resulted in fatalities. She appears to have lawyered up. There were some fireworks earlier today just a few minutes ago. Listen to this. What i want to know is what investigation began after that deposition. That is part of the investigation. You dont know whether or not anything happened after that investigation . I dont have the complete facts to share with you today. That is incredibly frustrated me he wouldnt have a simple timeline of what happened once you got that knowledge. Stuart look at the stock, no impact. 34, 35 per share despite the fireworks, despite the intensity of this safety scandal is what i will call it. Ilup 0. 11 at 34. Amazon is in the news, the stock price of just 1. Holding a big event in new york city, were expecting the debut of an amazon video streaming box that will compete with roku, apple tv, that kind of a thing. Rumored to run on googles Android System and could play video games. We will bring you all the news as amazon breaks it during this program. Look at the big board, they say these markets are rigged, that is having an impact. Not on the market but on other areas. A couple headlines for you. The sec is now investigating this highfrequency trading along with the fbi. Highfrequency Trading Company virtu was going to sell shares to the public but has delayed the ipo because of that rigged comment. Michael lewis this morning compares computerized trading to a casino. It is rigged, to give you an analogy, the casino is the exchange, highfrequency traders and tour Group Operators. The tour Group Operator operatoe of the money, that is the arrangement. Stuart you are turning a lot of people off immediately. He made, you did the big story, you had your take. He has become the wall street and the stock market anticapitalist except for him making money. I had to tweet this a lot so our viewers are not buying into it. When you say insidertrading, that is an officer or director somebody really high up in a company who knows there is news pending that will fundamentally change the company. It is distinctly different than if you put in a trade for 50,000 shares of microsoft and somebody jumped in front of it for a penny. A million miles away, it is irresponsible and it should be criminal what he is doing. Stuart if they are getting the information because they have access to super fast computers, if theyre getting it a tenth of a second before everybody else. Charles they are not getting the information, picketing the trade. Inside information is they have a new chip enable designers tomorrow. It is just individual trades, it is two different things. Stuart in a court of law if you get the information on the tra trade charles somebody is buying it. How do the this happen before electronic trading . A person took the order, what do you ca think they did with the information . Michael lewis is not presenting a fact. Stuart if you can say that this bunch are getting information before others, you can make the case, you can make the case in a court of law you will make that, in the current climate where wall street is dirt, they will make that argument. Charles and they will lose because there is a distinct difference between somebody buying a stock. Stuart lose . Charles yes, they will loose. Insider information comes from inside the company. They have no idea what is going on here. This is between the big boys. A horse race between the giants guys with big blocks of stocks who have zero to do with our audience watching the market. Michael lewis is uninformed and he is not being challenged. He is being given platforms to go out and spread this false information. It is very much at the detriment of everyone. Charles he is doing it for nefarious reasons beyond selling a book. I am listening to this guy thinking he has never made a trade before. Charles i know he hasnt, but it is just sensational to be honest. Stuart he is the author. Succeeding enormously. In selling books. The technology here is not perfect. Humans were never perfect when it was only left up to the humans. I think it is important to identify that. But the regulators are to blame here. The sec is crying people are acting illegally in the market and market is rigged, where are they for the bad eggs spoiling this for everybody else . Stuart we hear everybody. Should we change the tone . Golf, there is a change of tone. The golf world, i am told, is buzzing about nikes new high tech golf balls. First of all, the stock, i dont despite any impact, but tell us. Nicole i know you want to bring all the hottest in latest things. This would be right here with these golf balls from nike. It turns out these golf balls are black, platinum, red, white, these are designed for a more advanced player and the speed and spinrite is controlled, apparently they are more efficient. Back speed, heisman range. These are for the pros, people who live in love golf, they are available on the site with all kinds of golf merchandise. As we await for the masters to begin, tiger woods not in the masters, so the betting will be down about 20 . Stuart if you come out with a better golf ball, that is not just for the pros, this is for everybody who plays golf. Nicole it is for a more advanced player. I dont think i would qualify for the platinum new ball. I would try, but do you, stuart . Stuart i dont play, but sandra, you do. Sandra i do, and the golf ball is very, very important. And they are very expensive and the Profit Margins are very large on this. Stuart the way this golf ball is made, it is made with a core different from what they used to make golf balls out of. It is stopping the slicing and hooking when you hit the ball. And he go for well that. Sandra you look at the price, it is amazing. People who are true golfers will pay any price of they believe something will improve their game. Genius marketing by nike. I am a title escrow. Stuart fireworks on the market, now fireworks on this. Charles i am getting a ton of emails. People watching the show i did not even watch the show. Keep them coming, guys. Stuart president obama took his victory lap on obamacare signups, he took it yesterday counting 7. 1 million enrollees. That was a pep rally. The president had a big p. R. Moment. Step back, now take a look at what he said on this program yesterday. Of these for in half to 5 Million People who have purchased plans on exchange, at least half a million or more will stop paying the premium at after the second or third month. Stuart now thats interesting. Four and a half or 5 million have signed up and paid. Of that, maybe a half million will just drop out later. We are joined now joined by the Price Waterhouse institute. You heard that from betsy mccoy. Roughly 10 of those who paid, signed up, will walk away from it in a couple of months. You know this subject, what about that statement . Those are some intriguing projections. I dont know anybody has a handle on what is going to happen with this brandnew population. In Health Insurance today even prior to the Affordable Care act there is a lot of movement going on. Some people have a job and get coverage through that job, others lose their Health Insurance coverage. Some people become eligible for medicaid, some people get married. There is always constant churn in the health care industry. Stuart what you make of that number . We dont know how many have paid, a lot of things we dont know. What do you make of the raw 7 million number . I think its surprised a lot of people who lived through the very rough fall rollout, as remember, with a very troubled website through october even into november. Certainly exceeded expectations. But theres no magic in that number, stuart, as you know. Much more important are some of the issues you brought up an even more important what is the Health Status of these new enrollees. That will be the critical issue. Stuart got it. Where does all this leave the insurers . It seems to me the insurers dont know whats coming at them. As a very uncertain position for them to be in, isnt it . Its uncertain around who are these individuals and what are their Health Condition . The insurers are happy to see growth, to see new paying customers and the insurers have been very aggressive in terms of reaching out to these new members trying to learn as much as they possibly can about them as quickly as possible so they can head into care management, which is very important good stuart do you think the premiums will go up . Real fast. In my lifetime im having a hard time remembering when premiums didnt rise. Stuart will they go up because of what has happened with obamacare so far . I think that would be pretty hard to say at this juncture. What will happen is we will look at the people who not only enrolled in the exchanges but also off exchange there appears to be pretty big numbers there, it will vary widely based on who they have in what they were price the first time around. Some of these Companies Intentionally price low to be very competitive. Stuart thank you for joining us, sorry we were so rushed. We appreciate your input. Major ruling on Campaign Contributions just came in from the Supreme Court. And an admission on snooping from the head of the nsa. The judge is here to sort both of them out next. Ok, heres the way the system works. Lets say you pay your guy around 2 percent to manage your money. Thats not much, you think except its 2 rcent every year. Does that make a difference . Search cost of Financial Advisors ouch over time it really adds up. Then go to e trade and find out how much our advice costs. Over tispoiler alert. Dds up. Its low. Really . Yes, really. E trade offers investmen advice and guidance from dedicated professional financial consultants. Its guidance on your terms not ours thats how our system works. E trade. Less for us, more for you. Stuart breaking news, straight from the amazon event going on a few blocks from here, amazon announced what it is calling amazon fire tv. Looks like a set top box. They criticize apple tv performance based on amazon review and then said it simplifies everything. We have a camera inside the event and we will show you what it looks like the camera comes outside. The stock is dead flat. The big board, a modest rally, 16,549 is where we are now. Still below. Now look at this. The share price of mankind, wouldnt that have been nice to have this earlier in the week . Advisors backed the company in the failed diabetes drug. We spoke to the ceo last summer. Roll tape. The problem in the earlier efforts to try to do this is that the product were not very convenient, but more importantly the kinetics were all wrong. They were not as good as injectable insulin you have today. Stuart okay, charles. You like this company, you like the guy. A huge bounce back. Charles we hear a lot of stories of the billionaires in america who are greedy, selfish. We have a guy who is doing a lot. This guy has 17 companies, nine of them taken over, two taken public. Given millions of dollars a way to society. I just love a guy like this. If this works or not, he is set for life but he is stuck with it and really trying. Stuart essentially a drug you inhale, not the injections of insulin. Charles it has failed many times because it has always scarred the lungs. It does not mean it will get full approval. If it does, the stock could go significantly higher. Stuart about a half hour ago the Supreme Court ruled agri it limits on Campaign Contributions are unconstitutional. The judge is here to explain it all. Simply what does this mean . Lets take a president ial campaign. Individual can contribute 2600 in 2016 to any candidate. But that is then under the laws it was two hours ago, that is deducted from the total aggregate the individual can contribute to president ial campaigns. The aggregate is now gone. The aggregate is now gone for all political campaigns the amount of contribution per Campaign Still has a cap for the total aggregate an individual can make too many, many campaigns, that cap is now gone. Stuart so the cap is still on for individual campaigns. Charles it not for the contributor. Stuart if i wish, can now get an unlimited amount. This would be an enormous if if it was you giving it away. [laughter] stuart interesting principle. For the sake of argument an individual like yourself, for example, you could give an unlimited amount of money. Correct. You can contribute 2600 in 435 house races and in 37 senate races. Stuart but he could not give 3600 to anyone candidate. Correct. Justice Clarence Thomas who declared in the consent would have validated the Supreme Court decision upheld the contribution limits. His view of the First Amendment is money is speech, he should be able to spend your money in favor of whatever political speech you want. But the issues quickly speaking was not before the court today. Those aggregate limits are now invalid as of about 47 minutes ago. A very big deal. They are just absolutely furious over this because they believed they need to balance the Playing Field to prevent wealthy people from being able to contribute to a large number of campaigns. Stuart the director of national intelligence, you know this very well, acknowledges the nsa searched American Communications without warrants. He did that. Is started june 6 continuing up to the present day. He told everybody about the metadata information. Metadata has identifying information on it only. You called charles, what phone you called from, what phone charles received it on, how long you spoke but not the content. Edward snowden says they have the content, they have the content of emails and Text Messages. The nsa says we dont admit we have the content but it is just sitting there. We dont have access unless we get a search warrant for it. In a march 28 letter revealed yesterday, the general admitted they dont get search warrants for it, they rolled through the content of phone calls and emails and Text Messages at their whim. Now thats very significant because it is the same who testified under oath that they dont do this. Stuart general clapper may have to take fall for the administration. He might. If he escapes without his job with his pension would be a pretty good deal for him because anybody else would be prosecuted for perjury. Roger clemens was twice positive for perjury for like a House Committee about the contents of his urine. This guy lights we House Committee about the most massive government spying in the history of the country and he is not even been charged with a crime. Stuart that is an extraordinary thing, isnt it . Yes, it is. I was stunned when he read the letter. It is written in heavyduty bureaucrat east. You dont know what hes writing about if you dont know the terminology. The fact he made these admissions is simply extraordinary. Stuart judge, thank you very much indeed. I have to go to jo ling kent. We have raking is on amazon. Hey, stuart. Amazon unveiling the kindle, the amazon fire tv, excuse me. A lot of people were expecting a dongle. It is a very thin box. Three times faster than the roku and apple tv box. It has dual band and th dual wii for faster downloading speeds, so again this is a settop box. We may be able to show you an image of it. Some other information, two gigs of ram on this, has wifi built in. There is a remote that was the remote problem a lot of the roku and apple tv have. Very interesting obviously amazon trying to take advantage of what is expected to be 10 million prime subscribers plus they wants to compete with apple tv. This particular device, the fire tv is a bit smaller than the apple tv and looking at roku, roku revealed the streaming stick and this is a divergent, a different step from that. Interesting developments. The device will be available right away. No word on the pricing right now but we will be sure to bring you that later on. Stuart interesting stuff indeed. Amazon within a pretty good job getting the buzz going with a big event in new york city. I dont think it has had much impact on the stock. It is indeed a small, thin, nice streaming box. You dont think i think it is hard to judge the technical details. Charles they are all trying to leapfrog each other. The better news for them is he had an analyst talk about amazon prime saying they should get 5 million new users every year for a long time. Everybody wants to be every place. Every single niche and cranny of the tech world, it will be hard to be a winner in every single one of them. Stuart i just think amazon prime is such an attractive idea. They will move it up to 99, but what you get for two day shipping. Charles i doubt if it would hurt their growth at all. It has been a long time. I agree, a brilliant move on their part. Stuart no impact on the stock. Lets get to the wall street pep rally which followed obamacare enrollment hitting 7. 1 million enrollees. Just listen to this. President obama last night the first open enrollment time under the law came to an end. Despite several lost weeks out of the gate because of troubles with the website, 7. 1 million americans have now signed up for private insurance plans through the marketplaces. 7. 1. Many of the tall tales have been debunked. There are still no death panels. Armageddon has not arrived. There are those who have been critics that they have only been turbulent, they have not been the obstacle. The American People having a healthier life. Our founders want it for them. Stuart the Founding Fathers . You tell us what you think about all of this and stay tuned for my take on the obamacare victory lap that comes up next hour. We had quite the reaction to my take yesterday where i called obamacare socialist medicine in disguise. Two systems, private and public, one for those with money and one for those who dont have money. Thats what happens when government tries to organize your health care. Thats what obamacare is doing to us. And its very difficult to see a way out of this. Obamacare cannot be repealed for at least three years and it is getting more entrenched all the time. Heres just some of your reaction to what i said yesterday. Tara challenge me saying hey, lets not overl