Machine, boots on the ground in key races and the Insurance Industry bthe establishment med us. Varney and company is about to begin. We watch retail very closely on this show especially brick and mortar, some of them in decline, some of them not. First office years, down to nearly 3 , big discounts not helping sales. Higher profits but more customers at dollar to 3. A bit dozy . A big beat for best buy and that stock is up 5 so it is a mixed bag for retailer, brick and mortar this morning. Check the big board this thursday morning, were 26 points, 16559. We are waiting for a chinese retailer called j. D. Com going public today, hasnt started trading, you will know when it does. You see that sign . The Treasury Department reveals the irs workers spent more than 500,000 hours on Union Activities last year. That cost taxpayers 23. 5 million. That cost taxpayers 23. 5 million. Monica crowley is here. You call the irs scandal, let me get the quote right, the worst scandal in u. S. History. The most dangerous scandal in u. S. History. Stuart this is different, this is separate. This is a scandal about Union Activities paid for within the irs by the taxpayer. Unleash your venom. We know the irs has had problems for a while and we know about the targeting scandal of conservative groups and we also we kow there are many people a high echelons within the irs who have gotten bonuses repeatedly even though the targeting scandal has gone on and in addition to that many of them dont pay their own taxes. We we kow that as well so we h the union agitating for more money when this country is deeply in debt and this most fearsome agency of the u. S. Government is under multiple investigation. Stuart 500,000 hours spent on Union Activities, not doing irs work, not collecting taxes or auditing people thank heavens, working at union stuff. Agitating for more money. Stuart 2 billion. So they can police obamacare. I am getting a little frustrated. The irs is the enforcer of obamacare, written into the law that way. This is not the only agency with this problem. This is the problem with Big Government anyway. Any bureaucra ag has this Union Activity going on. We are singling out the irs because it is under mur mmulle investigation. If you look at every bureaucracy and every department of the federal govergovent you will fid almost the sakes same proportion of Union Workers is work for the american taxpayer. Stuart viewers are exasperated. Charles is this protected by the constitution or something . Stuart the Union Contract protect this. Stuart charles every contract comes up for renewal. This is our rages. Add this to all the other things all these guys waste money on and it is amazing. I just cant see stuart do you think president obama will deny within the Treasury Department which runs the irs do you think he will deny them anythinitu they have gone to bat for him in the last election. Charles this symbiotic relationshmul shifted so badly n favor of the unions, the tail wagging the dog if you will that we all pay a heavy price. Stuart this is to you, catherine anglebrecht announcing last night on fox news that her group is offering 1 million bounty for any information leading to the conviction of top irs officials. That started trading, what you see on your left, j. D. Com, a big chinese online retailer,e m1 a share up 15 from the initial offering price. Back to this bounty. I am not sure i like the idea of a bounty, put them in chains and we will give youe m1 million. Charles maybe can here is th problem. It has come to this. It really has. We had the attorney general say that he was going to convict wall streets hamsters, people on wall street who created, committed a crime so that we come up with this credit deniss bills this week and they plead guilty to crimes, criminal activity and no one goes to jail. At some point citizens has to take up arms. Not literally arms. Stuart about a bounty . Us this president when he running in 2008, he said this repeatedly, we will protect whistleblowers, we want the most transparent and accountable federal government in history and we know that is a gross and grotesque joke at this point but when you look at these scandals, irs, bengha gu, fast and furiou, obamacare, we cannot get those documents out of this administration. It takes outside groups like Judicial Watch on benghazi, the irs, to act is wlly move these documents out of the possel gio of the administration into the publics fear. We have seen a couple whiseateedlblillers on benghazi they are few and far between because this govergovent has moved them out in some cases out of the country so they couldnt talk and in this case we have the va whiseateedlblillers so theres some there, in the irs cant we have yet to see any so while we want to say this is sad and as charles points down the we have come to this p onent in many ways this is the ohat wy w we will be able to get the truth. A little financial incentive may provoke pudple to come out of the work out of the woodwork with the trutbe stuart lets get back to being financial. We saw j. D. Is trading, they went public today first time and they are a 1 couple minutes worth of trading. Tell us about Williams Sonoma. Weon yoke about pudple buying spatulas that cost 40 each at Williams Sonoma. They are d oneng well. They bought one for each of them. We are seeing the profit here on the rise for willwork ms sonoma 8. 1 and the analysts jumping on board raising their targeee o willwork ms sonoma saw th wor profits on a rise, earnings were 17 , they saw growth in Home Construction and because of the economic recovery people basically out there, tough Winter Weather and pudple started building homes and needed all the products from Williams Sonoma but one thing, this is record all time high for Williams Sonoma. They do face competition from restoration hart ofare and othe but thlas are running up for those spatulas. Stuart a new hicial. Charle. S all the criticism from democrats that the record money, we see almost every day, ta wftnys, willwork ms sonoma, nordstrom last week, the richer spending money. Theres a da wference be areeen being in a recession right now and not being in a recession. Stuart tax then some more can charle. S that is the argument for taking money illegally through higher taxes. Tuart i will give you aon yo nsiober that comes out every thursday morning at 8 30 eastern time. 326,000 pudple to lend the unemployment benefit line, basically that is the layoff rate. From washington we areon y oneny paul conway, Labor Department chief of staff. That nsiober is up but over the long term the layoff rate is clearly moving down. What does that tell you . Us it is t. A. R. P. Year lil. If you look at that number the other important nsiober within that makes is a four week rolling average and it shows it is up 3 . What it is telling us is less people ar,lying for benrits but what is interesting is the study that came out by Harris Research hows 30 of those who are eligible to apply for Unemployment Insurance are not appl teng for it. Tuart what about that poll . It is available. They dont want it, why not . Ussua couple da wferent thi st. Sometimes people are optimistic about the fact they can get a w tb with in six months. Theres a huge strain of thought in americas and they dont want to be dependent e iart from wha the messages from washington, unless they needed or are not interested in it. The interesting thing that is in this study, 20 of those who are unemployed longterm are receiving a benefihow i think when you look at these numbers you have a sense of hil much is in fluinand how mthe pr things can be on the edge in terms of what economy dipping into another recession. Tuart hill does that square with the next number . 47 of the unemployed have witompletely gand nen u. Welooking for work. That was a separate study, not harass, from someplace else. What do you m ite of that . 47 totally given up. It is an alarming nsiober i a hillie amount of intellectual capital and Human Capital sitting on the sidelines that nas gand nen up on the inevitability of i think that number ought to be center most in pthoicend iters minds. What do we do to get out of the way of job creators. Mallbusiness, large companie, that arlywhoer is a frightening number for any policymaker weather in the state ce iital o in washington. Stuart part of the malaise if you ask me. I hate to use that word but it ilef s remind me off the late 70s. Thank you very much, global headlines this morning. None of them are good. A coup in thailand. They declared martial lris coupe ilays ableo, didnt Prime Minister and the army has taken full contrtho. Taisay they announced they oustd the government. The constitution suspended, a curfew imposed, military cracking dilln on protesters. That is thailand today. China, terrorists set oif bowho, muslim beaters are suspected. Authority said dozens of People Killed in the attacks, many more were inazred. Linteya, nigeritho. Syria, ukra shots fired by the north korean navy taisay, global stability, what stability . Where is president obama when that is going on over there and the scandal at home . Ne is in cooperstown, the Baseball Hall of fame promoting touri sp. Then he gef s to chicago for tw fundraisers. Unleash your fan again. Titu this call to mind what he. Than after the benghazi attack september 12, 2012, he took off a0 or las vegas and went to a a0 un is raiser. He is the fundraiser in chief. Stuart he is disengableed. The house saying both to the nospital, mr. Presiden. Go get your feet dirty, see what is he ipening on the ground. Ne has gone to chicago those are very serious crises lizzie d. Thannt mention russia or the nigerian girls k. Thannapped by the islamist group. A very full plate and you can, pres. Thanents prioritpends by hill e spends his time. What this president continues to ,rioriter ing ondheraising. He seems almost bored by the real things that matter in the w tb bec7 se for h gl what matt is fundraising and getting democrats elected and protecting his legaion which according to that list is seriously falling apart. Stuart he has been bored all the t gle. That is pretty venomous. Thank you very much. We were the first to bring you the story on varnlas and company about obamacares backdoor bailouts for those indenrers. It will cost you a lot of money, the taxpayer, billions of dollars. We will deal with that but first this. Fed chair janet yellen delivering the keynote addrel g int few yorks commencement cemetery ceremony. This is what 60,000 a year for college titu i guel g i amt fot i do know. Do you think janet yellen was a g 4d choice to eak taisay . Titu how much do you know about her . Hi, are we still on for tomorrow . Tomorrow. Quick look at the weather. Nice day, beautiful tomorrow. Tomorrow is full of promise. We can come back tomorrrow. And we promise to keep it that way. Driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. What a day. Cant wait til tomorrow. Stuart it to back a deal in the works, reportedly and advanced merger talks, a big player in the u. S. Cigarette market, both stocks are down. If you are curious, we ask you to tweet us using hash tag ask charles payne, you do a lot and you asked about tea came. Charles t k l in g, Third Largest independent carrier of liquefied natural gas. Go to the web site, to the Investor Relations part. You rarely see this where a company says why should you invest in us . Promoting yourself. Most guys dont want to walk out on that limb. Famous last quarter on. I got to tell you i will go with the company would favor saying, longer contracts, a Master Limited partnerships so they throw of a whole lot of cash, a big deal, demand of 50 between now and 2013, that yield is around 8 . Stuart bcu by a for 47, 42 a share and they pay you a present . Charles about five years ago lot of wealthy people started loading up on master of the it is partnerships. They call this the golden age of gas and theyre working and data things, floating storage, if you are in the stock hold onto even though it had this blitz. Execution not really a problem but they did in that last quarter. Stuart if the payment is secure i see no reason why holding it for the long term ignoring ups and turns. Charles to your deck at the end of the day you get a win win because stock price will go up too. Stuart i am glad our viewer asked or whoever you are. Got to move on, look at the Health Insurance stocks. We were the first to bring you the bombshell headline on obamacare. The administration quietly adjusting provisions of the law, the white house wants Insurance Companies to keep premiums down before the election so the taxpayer is going to bail them out, give them a whole ton of money so Insurance Companies dont lose money and dont raise premiums before the election. That is a bailout. We are joined by town hall magazine managing editor, harold. Im taking credit for store you broke, you got this, didnt you . That is not quite true. I saw it from my colleague at the Washington Examiner who flagged down a bunch of health and Human Services regulations but i have been trying to issue on your show. Bringing up stuart there was a document friday afternoon, hundreds of pages of rules and regulations from obamacare. Somebody went through it, your colleague went through it and found the administration opened the door to putting taxpayer money into the hands of the Insurance Companies. That is accurate . The bailout is in training so to speak . It is signaling to the Insurance Companies they will be bailed out. This is a final regulation hhs has. The previous one would be operated in a revenue neutral way meaning they would only give Insurance Companies as much money as was coming in. In this final regulations they said we are not going to operate this in a revenue neutral manner. If theres not enough money from Insurance Companies will have taxpayers make up the difference. That is why it is a bailout. Stuart theres not enough money coming and because too few young people are signing up, too many older sicker people are paying out a lot, not bringing up much and taxpayer is going to make a difference. I am trying to cut through the clutter without getting on a tangent. It is a bailout. It is a bailout but we dont know whether they are paying more in yet. These payments are not going to happen until june of next year. However the republicanss chance to stop this bailout before it happens is going to be this september when the appropriations bill comes up. That is the only chance republicans have to stop the problem of Homeland Security doing this. Stuart congress has to pass judgment and say yes, you can have that money or no, you cant. Congress will decide that. There has to be specific appropriation from congress and obamacare created this program, it never created a separate appropriation for the department of health and Human Services to spend this money so that is why it is an illegal bailout. There is no appropriation authority for hhs to give Insurance Companies this money. Stuart that Action Congress takes place in september of this year. Six or seven weeks before the election. Only if republicans make the issue. They have to stand up and say we wont fund the h h as unless you promise to end this bailout. Stuart surely they will. You can make political hay out of battled long. Surely they will. That is why i am trying to get it on the radar of republicans in congress. The Senate Budget committee already knows about this, they are outlining that it is illegal but we need more republicans on this issue stopping this bailout. Stuart what do you think will happen . Give us your best forecast. My best forecasters obama goes ahead, ignores republicans and we have possibly a mini shutdown in september. Stuart really . And many shutdown. That would be a mini shutdown of hhs, not a broad government shutdown, just that department. Targeted shutdown of h h s. Stuart a huge gamble for the president to take. He has to keep in assurance premiums low and judge which headline is worth, rising healthinsurance premiums or bailing out Insurance Companies. Stuart exactly right. This or this, neither of them very good. Excellent stuff. Thanks for your great reporting, come again and tell us how things are going. Happy to come back. Stuart another nfl losses this time former players say teams forced them to take painkillers. You the viewer is not too impressed with those claims. We will bring you your reaction from face book and twitter in a moment. True businessgrade internet comes with secure wifi for your business. It also comes with public wifi for your customers. Not so with internet from the phone company. I would email the phone company to inquire as to why they have shortchanged these customers. But that would require wifi. Switch to comcast Business Internet and get two Wifi Networks included. Comcast business built for business. No professional athlete out there who hasnt taken a pain killer so he can get back on the field. Doesnt happen. These guys are banged around, training constantly, they live in pain and all of want to be on the field. The question is and the question they are raising is what information did they have about the repercussions of taking that medication. Stuart that was part of