Almost entirely due to the strong results from ali baba. We call it the chinese amazon and yahoo owns a quarter of it. Profits more than doubled. Charles payne is here. To you first, what is yahoo if it didnt have a quarter . Charles lets compare the last quarter. Ali baba 3 billion revenue, yahoo 1 billion, revenue up 66 , yahoo up 1 . When yahoo trotted two new digital magazines and the fact the quick and loan bracket challenge they with the Technology Behind it you knew you were in trouble. Stuart if ali baba is the reason for yahoo s stock rise, does that mean Marissa Meyer hasnt done much in her two years as ceo . Is fair to criticize her but it is not fair to say she hasnt done much because the report also said that revenues were up for the First Time Since july of 2012 so something positive is happening. If it was all ali baba would you be seeing a 5 move . Charles two months ago the street said ali baba was worth 150 billion. To date is 250 billion. That is worth 5 to a company that owns 25 of the company that magazine value increased stocks still up 50 over the past year and down 10 this year but i am saying there were some positives in this report aside from ali baba and you dont want to ignore that. Stuart we dont know when but it will probably be very soon. Charles such an amazing day. Stuart it is as big a deal as facebook. Charles it might be. Stuart check the big board, triple digit rally from the opening bell, pullback a little bit but 60 points higher. We follow bigname tech stocks very closely, some people call them momentum stocks and most biotechnology stocks. They went up in the open and now they are down but we still have a solid rally for the dow industrials. Art laughter is with us, the economist. We want you to come on the show today and begin with your take on the stock market. What do you say . Why is this rally 163 on the dow . I dont know why today but i am bullish on the stock market because the big political changes occurring in america. I am excited about november and the next two years and november of 2016 i think we can finally get america back on track. Stuart years since the underpinnings of this market rally taking the dow to 163, the underpinning that the expectations of a conservative win in november and another one in 2016 . Let me put it this way. If you knew the democrats were going to pick up five seat in the senate and obama had extended his term another 12 years you dont sing there would be a crash in the market beyond belief . Of course there would be. Whether it is this day or not i dont know but this market has risen a lot from its lows and that is because a lot of political changes occurring and once those political changes occur i think you will see a much higher stock market in 201617. My view. There is no guarantee. Stuart we love having you as the first guest of the day to talk about the stock market which you say will go sharply higher. Charles, you are not worried about the dow up three days in a row, nice rally this week . Charles the war beneath the surface, someone said the market was up. There has been a war, an amazing work beneath the surface particularly with these take pains, the nasdaq 170 of them have been corrected, down 20 but the blue chip names have held in there. For any money from highflying names like utilities, blue chip names, yesterday Sears Holdings up anything that hasnt been dialed was finding a buyer but i think the most important thing in my view is an shakeout period where they are shaking up the very last of what you call the weak sisters, uncles, brothers, whatever you want but i intrigued by these last hour tradings in the last few days of the markets. Some smart people have been buying these. Stuart what is your take on a rally this week . Sandra no one has mentioned the unrest in ukraine because that has not played a big part in the equity markets yet. We havent seen a big selloff because of what is happening over there because nobody knows how that will affect us. You see the action in the commodities market. Oil is at 105 this morning, watching what is happening over there very closely. If we were to see war break out you would definitely see a reaction in the stock markets the there is reason to watch that. Stuart attention raises the price of oil, up 104 and change as lisa b. Back in 4 gas looks just like it. Sandra a consumer with more money and income going into the gas tank and not going to retail stores, not going to restaurants. That is a major story. Lots of oil and gas prices could throw a wrench into this rally. Stuart an explosive report in the New York Times says the Census Bureau at the urging of the white house is changing its annual survey of health insurance. The changes are so big we have lost a reliable measure of obamacare and its impact on insurance. Remember the Census Bureau used to be independent but since 2009 reports to the white house. Art laughter still with us. Wall street journal headline this morning is cooking the obamacare stats. Sounds to me like the implication is they are cooking the books. What do you make of this . I was impressed by the New York Times article. It is explicit and clear. The one thing i am surprised at which does point to your issue of cooking the books is why wouldnt they do both surveys to get an overlap and you could make comparisons overtime . That would seem to me to be very easy and simple to do end give the critics the good chance of rebutting but they arent doing that. My best guess and i have spent a lot of time in washington in professional capacities is these technical people in the Census Bureau and the office of management and budget and the treasury are really professionals, firstclass professionals and i think this probably is a better survey. It just should be done in conjunction with the old survey so we can make comparisons on obamacare pre and post but they are not going to do that. Stuart you go all the way to the 1970s your experience in washington. A wall street journal said the obamacare, Affordable Care act was the worst piece of legislation in a generation. Would you agree with that . It is pretty bad. It is up there in the top. It is really terrible legislation. There was a lot of bad energy from jimmy carter and nixons price controls were not the best thing ever. You know, the tariff quotas we have got all sorts of wonderful examples of horrible legislation but obamacare is right up in the top. Stuart i want you to go back where we started, the stock market. You pleased so many viewers with your suggestion that we are going to get a conservative win in november and in 2016. If we do that, if we get a political result you think we will get how high is high for the dow industrial average . If you look at the stock market today compared to Interest Rates, tax rates and profits in general, the market could go a lot higher just based on the relationship it has with what i call capitalized economic profits. The market could go up substantially in the next year or two, 100 . Stuart repeat that. 100 . To 30,000 . That is clearly there. Imagine if we had a low rate flat tax, free trade spending restraint, that market could go crazy. We have huge potential in this country of increasing our performance. Our performance, the economy, is 3. 3 trillion below where it should be if we left after bill clinton and grow normally. Theres an enormous amount of upside in this market and i surely am very optimistic about the long run and it is all do to politics. It really is these guys in washington are crazy. Corporate taxes. If we got a 3 Corporate Tax rate on valueadded instead of profits this place would go crazy. Look at the incometax. Not like they are collecting too much. Is too complicated and it is and badly, taxing people who work and paying people who dont work, changing that around could send the market through the moon. I think the risk as you said a little earlier, the upside risk is far greater than the Downside Risk and sandra is right about crimea and russia but those are problems because of economics, not military. Stuart why didnt i ask you that question at the very beginning . We would have pleased even more of our viewers. What a guy. When you look at the relationship between the economy and stock market could be a lot higher. Stuart we are hearing, listening, we like it. Art laughter, thanks very much indeed. Make sure you vote in november. It wont happen without the change. Thank you. Got to check a couple big names which are in the news. I will call into the big name, shrinking pc market taking a bite out of its profits. No change for the stock, 26. Bank of america posted a loss after big legal charge, several billion dollars there but you know what the charge is, not that big reaction in stock. They call it the four horseman, powerhouse tech stocks made investors released recently. In 1999 the big four were microsoft, dell, intel, cisco. I own some microsoft. Today charles considers the big four to be google, amazon, facebook, apple. What is different about these four to the old big four . Charles a lot in common. Technology revolution began in 1985 when these Companies Went public in 1990 and for ten years with the best investment anybody could have made. Since then they have all fallen behind in part because they had tunnel vision, stuck to their guns, set to air lanes, they burke pc centric. These new four horsemen are not only invading each other at lanes the trying to anticipate the next leg of the Technology Revolution which will be the drones, robots, artificial intelligence, that kind of stuff. They want to be in this game long term. Is trying to make it look like theyre into everything but the old four Horseman Center around the personal computer and the growth of the personal computer. Now it is about smart phones, tablets and clout computing period. Stuart in Stock Market Research it is all stuart ron paul says in targeting his Political Group forcing him to reveal his donors list. Of course he is not going to do. Judge Andrew Napolitano after this. [ telephone rings ] [ shirley ] edward jones. [ male annncer ] with nearly 7 million investors. Oh hey, neill, how are you . [ male announcer. Youd expect us to have a highly skilled call center. Kevin, neill holleys on line one. Ok, great. [ male announcer ] and we do. Its how edward jones makes sense of investing. Stuart check the big board, a solid rally 163, the dow is up 78, the price of gold still hovering around 1300, just below it, down 0. 30. There is the action. Oil up another 0. 31, 104 a barrel. Watch out, 4 gas may be in the cards. Charles says he will make us some money which the company i have known all my life, whirlpool. Charles i have loved whirlpool for a long time. It has been a global play. Number one in north america and latin america and number 4 in europe, middle east and africa but here is the thing. Art laughter touched on this. One thing that will drive some over the next year or so will be the rebound in america. 2005 appliance sales peaked, went down 25 until last year we had an infection of 9 last year, should be at 7 this year. Coupled that with continued penetration in the rest of the worldwide think this stock will go first to 160 and ultimately i see it trading north of 200. This is a great stock for your 401 k . Stuart you always tantalize us with that. 130, north of 200. Stuart i try to set it up, stage 1, stage 2, the pay off. Stuart the irs wants to know who is donating to ron pauls nonprofit campaign, ron paul wont tell them. Judge Andrew Napolitano is here. The First Amendment presumably. Judge napolitano he cites two Supreme Court cases involving the naacp in which republican administrations sought to find out who was contributing to the nonprofit arm of the naacp and the Supreme Court said you cant. It is not public information. The government is not entitled to know without some evidence of wrongdoing. They cant just look at these records because they are curious. Stuart backup. Why does the government want to know ron pauls donors . Judge napolitano i dont know the answer to that. Stuart all nonprofits are being questioned as to what is their political activity and if they go too far inadvertant certain direction they can be denied nonprofit status. Judge napolitano the irs is entitled to inquire but not about who the contributors are so they can say how were you spending your money, they are entitled to look at that because that is the way the law reads, they give you the benefit of the nonprofit status. They are entitled to monitor you to make sure you are still entitled to it as i presume you were when they first gave it to you but one thing they cant look at is to your contributors are. Why they want to do this i dont know. I would decent this, i happen to agree with his organization, no matter what the organization was, 501 c 3, nonprofit, it is the governments business how the moneys being spent. Stuart if the contributors were all totally political people and groups would that make a difference . Judge napolitano not at all. He only question is how the money is being spent. It is being spent on overly political causes than it would not be complying with the requirements of the 501 c 3 that it be primarily educational. If is being spent on education will causes which can be things like a plane flight to get a person from decade to point be to give a speech at point be and get them back to point a all that stuff is reasonable, ordinary expenditures the irs is entitled to look at that but who is giving the money . What the political motivations are of the contributors protected by the First Amendment. Stuart to you think of somebody contributes money to a political cause that that should be anonymous automatically . Judge napolitano now you want to get into Campaign Financing . Stuart someone made a donation against gay marriage and was subsequently out and this person was dismissed or resigned from the job as ceo of a major corporation. That was because his donation was made public. It be anonymous to prevent that kind of retaliation . Judge napolitano that is the choice of the group to which he gave the money. The government does not force that to the public. Back in a ron paul situation the government is trying to force entities to reveal who their contributors are. I am familiar with that case. I wish he hadnt lost his job because he should have the same freespeech rights as everybody else. Nevertheless it was the organization to which he gave the money that was so happy to receive it from him that they told the world you was one of the contributors. Stuart your point is always the government must be kept out of these things, leave it to the private sector to divulge or not. Judge napolitano if you give money to a 501 c 3 and dont want your name revealed you better find out what the policy of the 501 c 3 is. Does ron paul have the ability to reveal the names of his contributors . Absolutely. Does the government have the ability to extract those names from him . Not at all. Judge napolitano stuart good to have you straight and narrow. Judge Andrew Napolitano, good stuff. And next year responses to my interview with the ceo of the snooty chain. You have a lot to say. A lot of it very negative especially about this question. 32 years ago you got the Company Going it was big, week, wasnt it . Stuart 32 years ago when you got the Company Going, mallee was big, weed, wasnt it . I was i dont know the answers that question. Stuart you were exploiting the marijuana connection. You know you were. That was just a tiny part of my interview yesterday with Mike Weinberg who runs coffee and snooty franchises around world. Not many of you like my line of questioning. Shannon says you were going full tray goudy on this guy. Mary at Stuart Varney came off as ignorant, his age was showing and he was trying to find controversy where there isnt any. Insulting, know, rude, yes. Mitchell says, i like this one, it is mostly old has beens like Stuart Varney said even know what that is. I have their Franchise Owner for 25 years and every once in a while some old dude jokes about a reference. I guess varney has to Say Something remotely controversial to the people awake and his mouth is moving. That was a good one. We love your comments, keep coming please. Ali baba giving yahoo stock a very nice boost. Ali baba made a ton of money, yahoo owns a quarter, up goes yahoo . The burger chain son nick, i know it well, to accelerate its transaction, a thousand restaurants in the last ten years up 2 . Did you ever sony and a sony walkman . It was how you listened to music on the go but watch how Young Children today react when presented with one. Is that like a movie . I like that. How about that . What are you talking about . Stuart that was the son of the time is video you would have to say. In our next hour i give you my take on a new piece of technology not everyone is embracing, my take on google glass. And next coming up shortly, another sign of the times, streaming video is where we are moving to. How much . We have the numbers. Next you got to check this out. Or runaway horse drawn carriage in savannah, ga. Full of tourists. The horse spooked, ran full speed down a street, carriage ride herd broke his heel bone, none of the passengers were injured. That is good video. Its the get growing sale from adt. Right now you can get 200 off adt pulse for Small Business and a wireless camera at no charge with a qualifying bundle. Woman when you own your own business, its a challenge to balance work and family. Thats why i love adt. I can see whats happening at my business from anywhere. Now manage and help protect your Small Business remotely with adt. Arm and disarm your alarm, watch secure video in realtime, and even adjust your lights and thermostat wherever you are. With