Transcripts For FBC Varney Company 20140606 : vimarsana.com

It was forced to buy. Lebron james could not take the heat. The heat loses a very important game. Varney company is about to begin. Stuart please, on a friday morning, look at this. Smile, everybody. Yes, it is friday morning. We have the graphic ready. The s p 500, record high yesterday. Almost there at 1950. It is a rally. How about gold. Up 50. Down 2 today. The Interest Rate barometer. No change on the yield of a 10 year treasury. Amazon stock. Again, moving up. It was up big yesterday. Look at General Motors stock. Moving higher. I will call it a maricopa probe mary barra. Now, this. Six in 10 voters say that the stock market is rigged to favor big investors. 58 , to be exact. All right, charles, i do not think that it is rigged. Do you . Charles i think that there are shenanigans that go on day to day. They need to separate the wall street. That physical place downtown. Please, that is where they are making the huge mistakes. The insider trading, the hedge fund scandals. None of that has anything to do with the fact that you buy general mills. Will you prove your retirement . Will you send your kids to college . Stuart it is 16,900. If you thought the market was rigged and you stayed out because of the big guys, you miss all of it. This is the irony of the Obama Administration. They pumped up the stock market. You sell the stock market go through the roof. The people who benefited are the folks who owns equities. To charles point, is the market rigged . No. You want as much information as possible. Get the fcc out of the business of telling trades where to go. Get as much information as we possibly can. Get that Participation Rate up. All right. There are lots of winners today. One in particular. Nicole, why . We continue to follow the story about what states will get the factory. Where they will be making their lithium ion batteries. I thought it was up much more than that. 1 is not a big winner. I will see a lot more big winners than a 1 gain for tesla nicole up almost 7 . Stuart thank you. There you go. Nicole rite aid, also. Stuart kate spade. I know kate spade. They make great bags. Fabulous bags. I was looking at kate spade. Up about 3 . Less than tesla. Go back to angies list. Bank of america made a buy on that one. Stuart we will get back to you. The dow is up 68 points now. 95. 5 points from 17,000. All right. I said earlier it was a disappointing jobs report. There was no surge in job creation in the month of spring. 217,000 new jobs in may. Over a third of them are lowpaying sectors. Mary, i said that is a disappointing report. I characterized it negatively. What would you say . It is a modestly good report. I wonder if they miss that irony here. We are starting to see these modest gains. There is a long way to go. There are easy things to do. They create jobs. Build the keystone pipeline. Disappointed in charles. Are you going to disagree with me . Considering high taxes, considering all the revelations, this shows the reelection for the white house and the president kept saying he would build an economy built to last. No. We already have it. The dna is still intact. I think you are seeing these games because there have not been budget hikes. I look to the midterm elections to get more confidence. If the republicans take over the senate. We may not see more garbage dumped on this economy. Charles midterm elections, republicans won the senate, it will not change the president , but it becomes a huge roadblock. Stuart hold on a second. I have polling numbers on the performance of the economy. Two thirds say that the economy is in pretty bad shape. Another 39 say that the country is in an economic downturn. Two thirds of the people are not happy. We are not in recession. Charles we are bumping along. Bumping along for a country that is used to forging ahead. We are used to ups and downs. The biggest problem, i think, in this country is the sort of indifferent malaise that is hovering above us. I think it is reflected in economies and jobs and everything else. I have to agree. A lot of people out there not looking for work. They are getting all of these benefits from the federal government. This is not where we are supposed to be right now. Okay. As of may, we finally got back all the jobs. All the way back to where we were at the peak of employment 2007. It took us seven years. 15 million more. That is why you seabees numbers. People feel like we are in a recession. It just does not seem right for america. 19 Million People work in parttime for noneconomic reasons. I know some people, working mothers and all of that, 19 million speaks to another part of society. Just live day to day, month to month. Stuart 19 million. That is a choice. That is europe. Stuart the dow is now up 70 points. We are going to follow this thing. That is a rally. You will be looking at the horse that has everyone talking. California chrome. Started back in the beginning of may. Racing to the head of the pack. It won the kentucky derby. The first triple crown contender. First contenders and big brown in 2008. If chrome can pull it off tomorrow, he will be the first triple crown winner since 1978. The owner spent 10,000 to breed him. He has already pulled in three and a half million in winnings. Just wait until he goes to start. Then we have gm chief, mary barra, taking responsibility for that massive recall fiasco. Then you have president obama refusing to apologize. We will be talking leadership after this. I ys say be thman with the plan but with less ergy, moodiness, i had to do something. I saw mdoctor. A blood test showed it was low testosterone, not age. We talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. Report these symptoms to your doctor. Tell your doctorbout all medical conditions and medications. Serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. Ask your doctor about axiron. Stuart check the big board, please. This is a rally. 16905. I will tell you, we are just shy, actually, 1252. Steve. Its all right, folks. He has a new book. In his book, it is called money. The Gold Standard, go back to the Gold Standard and the world will have prosperity. Steve forbes is here. Did you say that . Absolutely. Stuart it will never happen. We have one for the first 180 years of our countrys existence. Would you like 50 more money . I would think so. You need the study value. After a period of a few months, you would fix the dollar of gold. It goes above 1250. The Federal Reserve starts to tighten up a little bit. It goes below 1250. It eases up. The dollar has a stable value. Why have we not seen it so far . Because we have all been brainwashed. We should have learned from the 1970s. That does not work. Some people are slow to learn. Stuart time to move on. [laughter] they put so much jargon into equations around. Stuart fix the price of gold. Paid the price of the dollar to gold. 58 of people think that the stock market is rigged. You do not believe that, do you . No. People do not trust institutions anymore. Bad, bad environment. The kings got it right on that. The destruction of the dollar threatens the Global Economy and what we can do about it. Absolutely. Not as hard as the economist would think. Stuart i have a number for you. Bank of america will be fined at least 12 billion over the mortgage mess. They were forced to take over countrywide during the financial crisis. They had a lot of problems which had been inherited by bank of america. I call this the shakedown. It is. You have to ask who was harmed here. It looks a lot like the fine that they paid. Somehow they were defrauding fannie and freddie. These are ridiculous charges. When you have a bank doing something very bad, going around sanctions in iran, nobody believes it. The government has spent the last several years saying payout. They really should not be paying for. Who gives away the money . Where does that money go . Who gets rewarded with our money . I have to move on because we are really short today. We have a tale of two leaders for you this morning. First, leadership. Mary barra. She has been getting out ahead of the recall crisis. She is taking control. Here is what she said yesterday. This problem is not a fair reflection of the company as a whole. I know it and i know you know it, too. We are better than this. We have to own this problem and we have to have the courage to do deal with it in the right way. Then there is president obama. He refuses to accept responsibility. Listen to this. The basic principle. We do not leave anybody wearing the american uniform behind. We have a prisoner at war whose health had deteriorated. We were deeply concerned about it. We saw an opportunity and we seized it. I make no apologies for that. I will say there is a branding problem going on. Denise young yong is with us this morning. I say that mary barra at General Motors has approached this in the right way. I think our brand will appear unscathed at the end of this. I think president obama is a different story. It is a different story. Mary is doing all of the things right. She is taking responsibility. Really focusing on rebuilding the culture and changing the culture at gm. What i think is missing is the future. She really needs to set a vision for gm. Something that will get people excited. We have not heard that story. I want to hear more of that from her. Obama, clearly, something wrong happened at gm. Somebody needs to take responsibility. There are still a lot of question marks with obama. Staying on the fence right now or not really taking a strong position to apologize yet. Stuart netflix. Posting messages on its streaming player. Ordering them to remove the message. Everybody hates the cable providers. They do. Very smart for a couple of reasons. They want to have a lot of control over their experience. Netflix is really appealing to their base. Netflix wants to be known as a network. Not just a technology or internet provider. By calling the Cable Networks out, or cable providers out, they are making a big statement. They are big. They are a force to be reckoned with. They will not be ignored. Do not ignore them. I think they enhance their brand by trashing the cable guys. Thank you very much for joining us. Youre welcome. We have the dial up 64. 16,900. Former ambassador, john bolton using strong words to criticize the Obama Administration. The white house should not be using children to represent the country. Lebron james. He cannot take the heat. We show you the full video. Discussed what is going on after this. No matter what kind of business you own, at t Business Experts can help keep it running. Seamlessly. So you can get back to what you love. When everyone and everything works together, business just sings. Let me be clear. I think that children are wonderful. I just do not think that they should be in charge of foreign policy. They will use it the next 2. 5 years to try to take advantage of us. Stuart ambassador bolton was responding to some comments from a young state department spokesperson. He was reacting to a question about the appearance of our Public Officials makes us look to other world leaders. I will start with paul. Is obama so ignorant that he does not see that effect of spokesman who look 15 years old and have a normal adult. Dave also has harsh words for the administration. The amateur sorority is hard to even watch. They send out to represent us, those, could not be more unprofessional. There we have malone blaming millennials. Eighteen23 yearolds did not play videos every day. We seriously need to think about raising the voting age to 25 in order to save our country. Thank you for sharing your opinions with us. It sounds like we have a lot of grumpy old man. A big name you know. Angies list. One upgrade. 10 gain. Now this. Miami heat. Forward, lebron james. Forced to leave last nights game early because of severe leg cramping. The airconditioning in the arena malfunctioned making it extremely hot. Gatorade said the person cramping was not our client. Our athletes can take the heat. Lebron james endorses power rate. I happen to love this. They developed a culture of success. It is based on fundamentals. I think it is amazing that the young athletic guys could not take the heat. I love it. Have you ever played sports . They are in miami. Maybe lebron needs to take some laps around south beach. He is in miami. Come on. Maybe it will malfunctioned again. Lebron is an easy target. Every now and then, you have to take a hit for it. We will tell you about what i think is a very important story coming up. They ordered a taxi app to stop all operations in the state. No more goober in virginia. They say it is legal. Looks like the bureaucrats are killing what i call part of the sharing economy. We have it for you next. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. I quit smoking with chantix. Our passion to make it real. Before chantix, i tried to quit. Probably about five times. It was different than the other times i tried to quit. Along with support, Chantix Varenicline is proven to help people quit smoking. Its a nonnicotine pill. Chantix reduced my urge to smoke. That helped me quit smoking. Some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. If you notice any of these, stop chantix and call your doctor right away. Tell your doctor about any history of Mental Health problems, which could get worse while taking chantix. Dont take chantix if youve had a serious allergic or skin reaction to it. If you develop these, stop chantix and see your doctor right away as some can be lifethreatening. Tell your doctor if you have a history of heart or blood vessel problems, or if you develop new or worse symptoms. Get medical help right away if you have symptoms of a heart attack or stroke. Use caution when driving or operating machinery. Common side effects include nausea, trouble sleeping and unusual dreams. My quit date was my sons birthday. And that was my gift for him and me. Ask your doctor if chantix is right for you. [ the human leagues human plays ] humans. Sometimes life trips us up. Sometimes we trip ourselves up. And although the mistakes may seem to just keep coming at you. So do the solutions. Like multipolicy discounts from Liberty Mutual insurance. Save up to 10 just for combining your auto and home insurance. Call Liberty Mutual insurance at. To speak with an Insurance Expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. Personalized coverage and savings all the things humans need to make our world a little less imperfect. Call. And ask about all the ways you could save. Liberty Mutual Insurance. Responsibility. Whats your policy . Pay to just listen to this. The virginia dmv tells uber and lift stop operating in virginia. Just cut it out. Do not do it. Rich edson joins us now. Looking at how they work in the regulations. The dmv said you have to stop operating in the state of virginia. If i am in virginia this weekend and need a ride, i do not know why i would be, but for the purpose of this exercise, i do. They plan on moving forward with this. They will look into finding drivers. They want to make it a top priority. This fight continues. Thank you very much, indeed. Rich just puts his finger on it right there. These are disrupted companies. Right. We have seen this fight all over the country and maybe even around the world. Even sydney australia. I actually see an upside to this fight. This is really exciting to see that consumers can organize on social media and push back against the kind of cronyism that has produced these very substandard taxi services. If you look in washington, d. C. , all of a sudden the taxi cabs have credit card machines. Why did that happen . Because goober came in. They provided competition. You can call it a sharing economy, if you like. It is breaking established organizations. I see this holy good. Any objections . I saw it as a trustee economy. Stuart online organizations of industries. Giving consumers a voice. Stuart now you are talking. Back to this mornings jobs report. We have a former Liberty Department chief of staff under george w. Bush. As of right now, in the month of may, we finally returned to the Employment Level that we had back in 2007 when employment was at the height. Am i right . It has taken us seven years to get back to where we were. That is right. The quality of the jobs is the important difference here. What do we see that suggests a lot of lowpaying jobs. You see the growth there. What you do not see is the immediate pickup. Those are still lagging behind. When you take a look at it, statistically, they are way off. It is nowhere close to recovering in those highpaying jobs. Stuart i cannot resist the temptation to run again the soundbite from Vice President joe biden. Maybe nobody got left behind. Every new job would not be a highpaying job. Stuart we did not guarantee that every new job would be a highpaying job. Well, he got that right. He just has to go back and look at what the Obama Administration said about this. All of this stuff was he around phrases by the administration. For the Interest Rate<\/a> barometer. No change on the yield of a 10 year treasury. Amazon stock. Again, moving up. It was up big yesterday. Look at General Motors<\/a> stock. Moving higher. I will call it a maricopa probe mary barra. Now, this. Six in 10 voters say that the stock market is rigged to favor big investors. 58 , to be exact. All right, charles, i do not think that it is rigged. Do you . Charles i think that there are shenanigans that go on day to day. They need to separate the wall street. That physical place downtown. Please, that is where they are making the huge mistakes. The insider trading, the hedge fund scandals. None of that has anything to do with the fact that you buy general mills. Will you prove your retirement . Will you send your kids to college . Stuart it is 16,900. If you thought the market was rigged and you stayed out because of the big guys, you miss all of it. This is the irony of the Obama Administration<\/a>. They pumped up the stock market. You sell the stock market go through the roof. The people who benefited are the folks who owns equities. To charles point, is the market rigged . No. You want as much information as possible. Get the fcc out of the business of telling trades where to go. Get as much information as we possibly can. Get that Participation Rate<\/a> up. All right. There are lots of winners today. One in particular. Nicole, why . We continue to follow the story about what states will get the factory. Where they will be making their lithium ion batteries. I thought it was up much more than that. 1 is not a big winner. I will see a lot more big winners than a 1 gain for tesla nicole up almost 7 . Stuart thank you. There you go. Nicole rite aid, also. Stuart kate spade. I know kate spade. They make great bags. Fabulous bags. I was looking at kate spade. Up about 3 . Less than tesla. Go back to angies list. Bank of america made a buy on that one. Stuart we will get back to you. The dow is up 68 points now. 95. 5 points from 17,000. All right. I said earlier it was a disappointing jobs report. There was no surge in job creation in the month of spring. 217,000 new jobs in may. Over a third of them are lowpaying sectors. Mary, i said that is a disappointing report. I characterized it negatively. What would you say . It is a modestly good report. I wonder if they miss that irony here. We are starting to see these modest gains. There is a long way to go. There are easy things to do. They create jobs. Build the keystone pipeline. Disappointed in charles. Are you going to disagree with me . Considering high taxes, considering all the revelations, this shows the reelection for the white house and the president kept saying he would build an economy built to last. No. We already have it. The dna is still intact. I think you are seeing these games because there have not been budget hikes. I look to the midterm elections to get more confidence. If the republicans take over the senate. We may not see more garbage dumped on this economy. Charles midterm elections, republicans won the senate, it will not change the president , but it becomes a huge roadblock. Stuart hold on a second. I have polling numbers on the performance of the economy. Two thirds say that the economy is in pretty bad shape. Another 39 say that the country is in an economic downturn. Two thirds of the people are not happy. We are not in recession. Charles we are bumping along. Bumping along for a country that is used to forging ahead. We are used to ups and downs. The biggest problem, i think, in this country is the sort of indifferent malaise that is hovering above us. I think it is reflected in economies and jobs and everything else. I have to agree. A lot of people out there not looking for work. They are getting all of these benefits from the federal government. This is not where we are supposed to be right now. Okay. As of may, we finally got back all the jobs. All the way back to where we were at the peak of employment 2007. It took us seven years. 15 million more. That is why you seabees numbers. People feel like we are in a recession. It just does not seem right for america. 19 Million People<\/a> work in parttime for noneconomic reasons. I know some people, working mothers and all of that, 19 million speaks to another part of society. Just live day to day, month to month. Stuart 19 million. That is a choice. That is europe. Stuart the dow is now up 70 points. We are going to follow this thing. That is a rally. You will be looking at the horse that has everyone talking. California chrome. Started back in the beginning of may. Racing to the head of the pack. It won the kentucky derby. The first triple crown contender. First contenders and big brown in 2008. If chrome can pull it off tomorrow, he will be the first triple crown winner since 1978. The owner spent 10,000 to breed him. He has already pulled in three and a half million in winnings. Just wait until he goes to start. Then we have gm chief, mary barra, taking responsibility for that massive recall fiasco. Then you have president obama refusing to apologize. We will be talking leadership after this. I ys say be thman with the plan but with less ergy, moodiness, i had to do something. I saw mdoctor. A blood test showed it was low testosterone, not age. We talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. Report these symptoms to your doctor. Tell your doctorbout all medical conditions and medications. Serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. Ask your doctor about axiron. Stuart check the big board, please. This is a rally. 16905. I will tell you, we are just shy, actually, 1252. Steve. Its all right, folks. He has a new book. In his book, it is called money. The Gold Standard<\/a>, go back to the Gold Standard<\/a> and the world will have prosperity. Steve forbes is here. Did you say that . Absolutely. Stuart it will never happen. We have one for the first 180 years of our countrys existence. Would you like 50 more money . I would think so. You need the study value. After a period of a few months, you would fix the dollar of gold. It goes above 1250. The Federal Reserve<\/a> starts to tighten up a little bit. It goes below 1250. It eases up. The dollar has a stable value. Why have we not seen it so far . Because we have all been brainwashed. We should have learned from the 1970s. That does not work. Some people are slow to learn. Stuart time to move on. [laughter] they put so much jargon into equations around. Stuart fix the price of gold. Paid the price of the dollar to gold. 58 of people think that the stock market is rigged. You do not believe that, do you . No. People do not trust institutions anymore. Bad, bad environment. The kings got it right on that. The destruction of the dollar threatens the Global Economy<\/a> and what we can do about it. Absolutely. Not as hard as the economist would think. Stuart i have a number for you. Bank of america will be fined at least 12 billion over the mortgage mess. They were forced to take over countrywide during the financial crisis. They had a lot of problems which had been inherited by bank of america. I call this the shakedown. It is. You have to ask who was harmed here. It looks a lot like the fine that they paid. Somehow they were defrauding fannie and freddie. These are ridiculous charges. When you have a bank doing something very bad, going around sanctions in iran, nobody believes it. The government has spent the last several years saying payout. They really should not be paying for. Who gives away the money . Where does that money go . Who gets rewarded with our money . I have to move on because we are really short today. We have a tale of two leaders for you this morning. First, leadership. Mary barra. She has been getting out ahead of the recall crisis. She is taking control. Here is what she said yesterday. This problem is not a fair reflection of the company as a whole. I know it and i know you know it, too. We are better than this. We have to own this problem and we have to have the courage to do deal with it in the right way. Then there is president obama. He refuses to accept responsibility. Listen to this. The basic principle. We do not leave anybody wearing the american uniform behind. We have a prisoner at war whose health had deteriorated. We were deeply concerned about it. We saw an opportunity and we seized it. I make no apologies for that. I will say there is a branding problem going on. Denise young yong is with us this morning. I say that mary barra at General Motors<\/a> has approached this in the right way. I think our brand will appear unscathed at the end of this. I think president obama is a different story. It is a different story. Mary is doing all of the things right. She is taking responsibility. Really focusing on rebuilding the culture and changing the culture at gm. What i think is missing is the future. She really needs to set a vision for gm. Something that will get people excited. We have not heard that story. I want to hear more of that from her. Obama, clearly, something wrong happened at gm. Somebody needs to take responsibility. There are still a lot of question marks with obama. Staying on the fence right now or not really taking a strong position to apologize yet. Stuart netflix. Posting messages on its streaming player. Ordering them to remove the message. Everybody hates the cable providers. They do. Very smart for a couple of reasons. They want to have a lot of control over their experience. Netflix is really appealing to their base. Netflix wants to be known as a network. Not just a technology or internet provider. By calling the Cable Networks<\/a> out, or cable providers out, they are making a big statement. They are big. They are a force to be reckoned with. They will not be ignored. Do not ignore them. I think they enhance their brand by trashing the cable guys. Thank you very much for joining us. Youre welcome. We have the dial up 64. 16,900. Former ambassador, john bolton using strong words to criticize the Obama Administration<\/a>. The white house should not be using children to represent the country. Lebron james. He cannot take the heat. We show you the full video. Discussed what is going on after this. No matter what kind of business you own, at t Business Experts<\/a> can help keep it running. Seamlessly. So you can get back to what you love. When everyone and everything works together, business just sings. Let me be clear. I think that children are wonderful. I just do not think that they should be in charge of foreign policy. They will use it the next 2. 5 years to try to take advantage of us. Stuart ambassador bolton was responding to some comments from a young state department spokesperson. He was reacting to a question about the appearance of our Public Officials<\/a> makes us look to other world leaders. I will start with paul. Is obama so ignorant that he does not see that effect of spokesman who look 15 years old and have a normal adult. Dave also has harsh words for the administration. The amateur sorority is hard to even watch. They send out to represent us, those, could not be more unprofessional. There we have malone blaming millennials. Eighteen23 yearolds did not play videos every day. We seriously need to think about raising the voting age to 25 in order to save our country. Thank you for sharing your opinions with us. It sounds like we have a lot of grumpy old man. A big name you know. Angies list. One upgrade. 10 gain. Now this. Miami heat. Forward, lebron james. Forced to leave last nights game early because of severe leg cramping. The airconditioning in the arena malfunctioned making it extremely hot. Gatorade said the person cramping was not our client. Our athletes can take the heat. Lebron james endorses power rate. I happen to love this. They developed a culture of success. It is based on fundamentals. I think it is amazing that the young athletic guys could not take the heat. I love it. Have you ever played sports . They are in miami. Maybe lebron needs to take some laps around south beach. He is in miami. Come on. Maybe it will malfunctioned again. Lebron is an easy target. Every now and then, you have to take a hit for it. We will tell you about what i think is a very important story coming up. They ordered a taxi app to stop all operations in the state. No more goober in virginia. They say it is legal. Looks like the bureaucrats are killing what i call part of the sharing economy. We have it for you next. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. I quit smoking with chantix. Our passion to make it real. Before chantix, i tried to quit. Probably about five times. It was different than the other times i tried to quit. Along with support, Chantix Varenicline<\/a> is proven to help people quit smoking. Its a nonnicotine pill. Chantix reduced my urge to smoke. That helped me quit smoking. Some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. If you notice any of these, stop chantix and call your doctor right away. Tell your doctor about any history of Mental Health<\/a> problems, which could get worse while taking chantix. Dont take chantix if youve had a serious allergic or skin reaction to it. If you develop these, stop chantix and see your doctor right away as some can be lifethreatening. Tell your doctor if you have a history of heart or blood vessel problems, or if you develop new or worse symptoms. Get medical help right away if you have symptoms of a heart attack or stroke. Use caution when driving or operating machinery. Common side effects include nausea, trouble sleeping and unusual dreams. My quit date was my sons birthday. And that was my gift for him and me. Ask your doctor if chantix is right for you. [ the human leagues human plays ] humans. Sometimes life trips us up. Sometimes we trip ourselves up. And although the mistakes may seem to just keep coming at you. So do the solutions. Like multipolicy discounts from Liberty Mutual<\/a> insurance. Save up to 10 just for combining your auto and home insurance. Call Liberty Mutual<\/a> insurance at. To speak with an Insurance Expert<\/a> and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. Personalized coverage and savings all the things humans need to make our world a little less imperfect. Call. And ask about all the ways you could save. Liberty Mutual Insurance<\/a>. Responsibility. Whats your policy . Pay to just listen to this. The virginia dmv tells uber and lift stop operating in virginia. Just cut it out. Do not do it. Rich edson joins us now. Looking at how they work in the regulations. The dmv said you have to stop operating in the state of virginia. If i am in virginia this weekend and need a ride, i do not know why i would be, but for the purpose of this exercise, i do. They plan on moving forward with this. They will look into finding drivers. They want to make it a top priority. This fight continues. Thank you very much, indeed. Rich just puts his finger on it right there. These are disrupted companies. Right. We have seen this fight all over the country and maybe even around the world. Even sydney australia. I actually see an upside to this fight. This is really exciting to see that consumers can organize on social media and push back against the kind of cronyism that has produced these very substandard taxi services. If you look in washington, d. C. , all of a sudden the taxi cabs have credit card machines. Why did that happen . Because goober came in. They provided competition. You can call it a sharing economy, if you like. It is breaking established organizations. I see this holy good. Any objections . I saw it as a trustee economy. Stuart online organizations of industries. Giving consumers a voice. Stuart now you are talking. Back to this mornings jobs report. We have a former Liberty Department<\/a> chief of staff under george w. Bush. As of right now, in the month of may, we finally returned to the Employment Level<\/a> that we had back in 2007 when employment was at the height. Am i right . It has taken us seven years to get back to where we were. That is right. The quality of the jobs is the important difference here. What do we see that suggests a lot of lowpaying jobs. You see the growth there. What you do not see is the immediate pickup. Those are still lagging behind. When you take a look at it, statistically, they are way off. It is nowhere close to recovering in those highpaying jobs. Stuart i cannot resist the temptation to run again the soundbite from Vice President<\/a> joe biden. Maybe nobody got left behind. Every new job would not be a highpaying job. Stuart we did not guarantee that every new job would be a highpaying job. Well, he got that right. He just has to go back and look at what the Obama Administration<\/a> said about this. All of this stuff was he around phrases by the administration. For the Vice President<\/a> , i guess that this is par for the course. The Administration Made<\/a> huge investments of our money to create highpaying jobs and they have not paid off. That is their language. Not anyone elses. Stuart it is not too bad. How would you characterize it . We are better than all of this. Incremental increases for an economy, it is not sufficient. If we accept the premise that incremental approach is fine, then, yes, it is a good report. America is capable of doing much, much more. It is a bipartisan type of thing that can be accomplished. We can create many more jobs across america in the sector. It is not a great report. Stuart thank you very much, indeed. Got to go to the big board for a second. I have to concentrate on this rally today. You are now up 60 odd points. 16,900. The stock market is up. That is very interesting. Finishing this friday with a possible run. Not a bad way to close out the week. How about this . An 89yearold dday veteran. Reenacting his parachute jump. Look at that. Eightynine. That was today. Seventy years after the initial jump back on dday. We will discuss the countrys leadership. We will discuss what it is like today. Stick with power. Stick with technology. Get the flexcare platinum from Philips Sonicare<\/a> and save now. Philips sonicare charles time now for making money. I have united rentals. Stuart has never heard of them. I have been in love with this company for a long time. Pent up demand. The company says the confidence was at levels of a record right now. Enough to buy these things. Controlling expenses. Minimal maintenance tracking all of that stuff. The company has almost 8 billion worth. Fundamentals are fantastic. They always beat the street. They posted 0. 90 this last quarter. Continuing to take market share. They are already number one in the world. The rate going through the roof. I am looking for 140 in the next two years. I love to eat. I love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free it creates a seal of the dentures in my mouth. Even wellfitting dentures let in food particles. Super poligrip is zinc free. With just a few dabs, its clinically proven to seal out more food particles so youre more comfortable and confident while you eat. Super poligrip free made the kiwi an enjoyable experience. [ charlie ] try zinc free super poligrip. Stuart a nice rally. Nicole a big mover here. Found only 9 for hertz global. They have about 90 of the car market. They have to resave their results. This is because of some accounting issues that they had. Their chief Financial Officer<\/a> back and december was replaced. There were some accounting issues. This is not good news for hertz. Down 9 . That is a drop and a half. Thank you very much, indeed. Look at this. An 89yearold dday veteran parachuting into the same field that he landed into the normandy invasion 70 years ago. Compare that to now. Questions about our countries leadership. Joining us now from washington is thomas. Welcome to the program. I want you to make a comparison. What happened then and what is happening now . Stuart, there is no way that the United States<\/a> would trade a deserter for title and a whole host of other german leaders which these high valued terrorist were. We would not do that. There is no reason today why we would do that. We have an administration that wants to lead from behind. Does anyone think that the United States<\/a> was reading from behind . No way. We had the largest number of people ever assaulted on western europe and we did it as the leaders of that coalition that later grew into nato. The great economic success. We are not the same nation. Stuart that leads to my next question. Would America Today<\/a> fight to save the world as it did 70 years ago . This administration would not, unfortunately. I was a Vice Commander<\/a> and chief and we had 4000 tanks. We had these tanks in western europe. Today we have zero tanks. We have to light for grades that could not really deter or persuade or stop anybody and mr. Putin understands that. We are creating instability in the world as we look at it today. Stuart is that what the American People<\/a> want today . Talking about what the United States<\/a> of america wants . I think that the American People<\/a> want the United States<\/a> to be a leader in the world. A superpower and grow at four7 of Economic Growth<\/a> per year and have lots of jobs and be the leaders. We can do that. A whole host of other issues cutting our taxes. Making it a welcome location for industry. We can be there if we want to. We have elected not to, this administration has elect did not to be there. Stuart that is a harsh judgment, general. Thank you for sharing your experiences and expertise with us today. Stuart check the big board. Rally is still on. 97. 8 points away from 17,000. Maybe we could get to use that new graphic. Not sure it is going to happen during this particular program. Who knows. Check out the 10 year treasury. The barometer for Interest Rate<\/a>s. 2. 57. What are you laughing at . Charles tells stuart [laughter] stuart can i just explained for one shocking moment, a truck in england is called a lorry. Stuart forget your traditional touristy bus to work. Lauren simonetti tells us why this is very different. This is a good story. Were moving our company to new york state. The numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development<\/a> strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. Become the next business to discover the new new york. No matter what kind of business you own, at t Business Experts<\/a> can help keep it running. Seamlessly. So you can get back to what you love. When everyone and everything works together, business just sings. What happened . Life happened. Stress. Fun. Bad habits. Kids. Kids. Kids. Now what . Not milk. Not sheep. Not that. Lets think smarter. Lets get some science in here. Lets build a bed. Another bed . No, a smarter bed a entirely new sleep number bed that tracks your movement, your heartbeat, your breathing sensors working directly with the dual air chambers yeah you need the air chambers. Introducing the sleep number bed now with sleepiq technology. It tracks your sleep patterns and tells you how to adjust for. A good nights sleep, a better night, and an awesome night. So what sleep number adjustments make the difference . Try cranking it up . Adjust it down . A little bubbly . Or nix the late night flicks . Wait, youll know what works, cuz sleepiq\u2122 technology tells you. And all you have to do is sleep. Which is easy. Only at a sleep number store, mattresses with sleepiq start at just 999. 98 because everyone deserves a great nights sleep. Know better sleep with sleep number. Stuart the way people to her big cities is really changing. Lauren simonetti took one of these two words. It is called the ride. We will show you how it went. Roll it, please. Here we go. This is the ride. Part theater, part tour. A popular way to see new york city from above. We have colosseum seating. This is expensive. 1. 5 million. We have four of them. Costing 74 a ticket. Not a bad way to see the big apple from times square. Two columbus circle. It just speaks to its health. The street is the stage. As we explore, now, new york city, as we journey through this 4. 2mile magical journey. This building is home to over 20 million. Or one kendall. You will see a lot of history. We have 40 interactive screens that will tell you a lot about what you are seeing. Along the way, you will discover things on the street. Some of them are fun. I love you. The cities that we are most excited about are obvious las vegas. They were made to order. San francisco is a personal favorite of mine that i am looking forward to. We have had conversations there. Los angeles and maybe new orleans. Stuart lawrence of and that he is with us right here in the studio this morning. You look out. Stuart use it sideways. There are big windows. There are screens everywhere. You are constantly entertained. Stuart do they pay the performers . That is actually one of their biggest expenses. They have it set up all over the city. You cannot tell if it is a real person or an actor. Stuart what is the price again . For the most part, 74 a ticket. Stuart how long does the tour last . It depends on traffic. Ours lasted an hour. Stuart that is not bad. There was another guy at the other end. They were hilarious. Very successful. They are really thinking about expanding this to london. They can go where ever their imagination will go. How do you get a bust down the street . As long as they can craft it, they can do it. Stuart i thought it was a great idea. Great story. Streaming video. Yes, it is taking over. You are taking your tv with you. A lot about it is watching sports anywhere anytime. Big money and diamonds. We have them here in the studio. Guess how much. 5 carats. 5 carats. [ the human leagues human plays ] humans. Sometimes life trips us up. Sometimes we trip ourselves up. And although the mistakes may seem to just keep coming at you. So do the solutions. Like multipolicy discounts from Liberty Mutual<\/a> insurance. Save up to 10 just for combining your auto and home insurance. Call Liberty Mutual<\/a> insurance at. To speak with an Insurance Expert<\/a> and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. Personalized coverage and savings all the things humans need to make our world a little less imperfect. Call. And ask about all the ways you could save. Liberty Mutual Insurance<\/a>. Responsibility. Whats your policy . It has been a great week for investors but a rough week for president obama. Today we celebrate what america did for the world 70 years ago. It is the day and we have not forgotten. Headlines this friday, 200,000 new jobs, not big, wages of 2 . Investors dont care. Look at stocks, highs across the board. The debate on millennials keeps going, deep in debt, living at home. Has obama changed Young America<\/a> . We tell you this, they are watching screens but not tv, an explosion in online viewing is changing the culture. Diamonds, beautiful sparklers, 5 carrot pink or blue held in my hand here today. I promise you this, we will never forget dday, 70 years ago june 6th i will tell you my fathers story. He was there. To the markets this looks good, up she goes, 16,000, almost 900 on the dow, the s p 500 record high yesterday, 19. 47. Check that barometer for Interest Rate<\/a>s, 2. 57 on the treasury. Amazon up again, it was up big yesterday, 5 at 3. 20, General Motors<\/a> shares, on the ignition problem. Sold 36. Away from the markets to obamacare, Congressional Budget Office<\/a> quietly and announcing it is no longer possible to assess the Financial Impact<\/a> of a law, cant tell us how much it is going to cost. Fox news contributor and town hall Political Editor<\/a> guy that has been following this and joins us now. Why cant they tell us how much it is going to cost . Because there has been such a state of revisions and the days and waivers they are having trouble keeping up with this patchwork of changes and it seems based on their report they are throwing in the towel. Let me read to you from rollcall which came out this week, they write in its latest report in the law meaning obamacare the cbo said it is no longer possible to assess the overall fiscal impact of the law. That conclusion came as a surprise to some fiscal experts in washington and is drawing concern. Without a clear picture of the laws overall financing including revenue raisers it could be much easier politically to continue delaying pieces of the law because any resulting Cost Increases<\/a> could be hidden. Stuart i am trying to read between the lines, it is complicated technical stuff. It sounds to me like it is not going to be deficit neutral as the president said. It will cost a small fortune but that is my input. How about yours . My input is is so interesting contrasting what has come out this week, they quietly announced you said several weeks ago compared to what democrats were crowing about in 2010 when they pass this thing but you remember it. It is less than the one trillion dollars to reduce the deficit and they use those two talking points and this manufactured cbos work to bring the law across the finish line and get recalcitrant democrats a figleaf to justify voting for the law and we have done all these changes on the fly and it looks very much as many of us suspected like the taxes, finance this law and custom medicare might not happen on time. The way the law was built to supposedly reduce the deficit has been rubbed out, and that the drop of they had month after month you dont know what is coming and cbos throwing in the towel. Stuart you think it is possibly an excuse to delay more parts and more pieces of it and to easily without a Financial Impact<\/a> being immediately apparent . Exactly right. That is the benefit and such a perverse benefit to the white house because they cited the cbo scores a cynically manufactured in 2010. Now buy their own actions theyre making it impossible for the cbo to do its job and therefore additional changes that they make net that come out in headlines saying these changes will cost taxpayers x because it is such a complicated formula. Stuart did you go through the fine print . Did you stay up all night working through the technical pages . Did you . I did not. I read this in rollcall but i did go through at the time as did paul ryan and he was the point on man this, in elucidating all of the various gimmicks used to come up with positive sounding numbers, reducing the deficit even though we are creating a brand new entitlement. Here is the cbo proof now those things are falling by the wayside as we anticipated the white house must be very pleased by the fact the Congressional Budget Office<\/a> is throwing Johnny Manziel<\/a> hands and saying we cant continue to assess the fiscal impact of this law if we keep changing it for undetermined periods of time. Stuart doing the legwork. We have the may jobs report at 8 30 eastern this morning. I say it is disappointing. 217,000 new jobs created. I say disappointing and you say what . I would agree it is disappointing. With in what economists were looking at but the issue is not just that number, 217,000 or 6. 3 Unemployment Rate<\/a> but how many people are not being counted is the real issue. You had a guest a couple segments of the talking about construction jobs that are not there anymore. Yet that clips from joe biden and the situation is not Getting Better<\/a> because there an awful lot of people who are not able to find work so they are not calm any more so it is almost like the cbos situation. Stuart why is the stock market rallying like this . I have the dow i see seem thousand 900. Is ignoring, it has for the longest time, such a disconnect between the economy and what happened, you dont have a dog you are thinking why is the dow ideas and the alltime highs, i am out of work and cant find work and havent been able to look for work. It has been like that for a long time but professional traders and investors get it so if they are invested in the market, that is the only way to be but it is a big disconnect between that and the way the economy works. Stuart could it be that if Interest Rate<\/a>s are so low i put my banking to receive your bond again nothing so almost forced into the stock market where i have a chance of a capital gain, nice rally, maybe that is what is going up. If you are going to take one or the of the wont put it wont make anything with the stock market going straight up this people have jobs or not. Stuart thank you very much, see you next week. He is right. There is no participation, 10 of american households have 80 of stocks. Rich getting richer. Stuart was it each trade reporting the other day that the number of small investors trading, buying individual stocks was down 14 , 15 from months before . Unfortunately missing this, look at the rally, 169, dow industrials. A couple stocks at that. Stuart today netflix releasing a new season of orange is the new black. Does that have any effect on the stock. This is a big deal. Nicole this is a big deal. The stock is up 3 4 for netflix, 85 and sunny, who cares . People are going to be holed up over the weekend and Binge Watching<\/a> orange is the new black about this girl who is a drug trafficker put into womens correction facility with a bunch of other women to contend with. It really really is very verypo. Stuart i got to watch this. A pretty young spigots into prison and we make a series out of it and we are all watching it. Is loosely based on reality. I put on my twitters this morning, orange is the new black season 2 out now and someone at 8 there in the morning said they are wrapped episode 4. It was 8 30 in the morning. Millions of people watching this story. Stuart this is what millennials are doing vegetables are people in studios shaking their heads. Want to know what i would like instead of orange is the new black . That beautiful diamond you showed. Stuart the diamond is to my left, the two of them. Taser. That is that 5 carat blue. Might not be able to hold that shortly. That is a 5 carrot pink. That is beautiful. Stay tuned because here they come. However more and more Cable Companies<\/a> are cutting the cord moving to streaming devices to get their tv fixed. Online tv viewing, online viewing, look at the screen on sony tvs, Live Streaming<\/a> across look at that number up 246 from a year ago, online viewing up 246 . We have a guest to knows something about that, she is here, the wall street journal reporter, can you explain what is going on with this . A lot of folks, the younger generation, many older too. Stuart what do you mean by that . Many folks want to get things on demand and when they want to watch it so the tv providers, cable providers and programmers, Media Companies<\/a> like the ones that dont this channel are creating these apps so a lot of young people can authenticate in and say i pay for cable but also want to watch this one i am on the go. In addition to that, there are folks like netflix and hulu and all these people that aid cord cutters to watch tv programs. Stuart that is a revolution, that is a real cultural shift because people are watching screens that they are not watching what tv is giving to them. They are watching to decide what they want to choose to watch. That is the difference. That is the thing all the Media Companies<\/a> have to figure out, how to appeal to those folks because the biggest piece of their ad revenue pie comes from live linear channels. Stuart 246 increase on online viewing in one year. You werent expecting at at the wall street journal. We expect everything. That is stunning. Every man in your life when sports are on look like you will never see their eyes ever. Stuart what do you think . Sports is a big part of it but also complicated because they have to get rights from the leagues could give those rights to the tv channels and it is a lot of steps to make sure we can streams that and we talked the other day that at t the reason it bought directv is a pending transaction because it want to talk about packaging nfl sunday ticket which is afternoon Football Games<\/a> on sundays with its mobile broadband. Stuart vastly expand the value of sports franchises. If you watch that game anywhere anytime on this, you vastly expanded the value of the thing. You are less than 30 years old teacher and i allowed to ask that . You are a millennial. This is a revolution. My job is at stake because people are not watching television, they are watching you. William and is that . I will come back. Of the one q up the harp music. More diamonds on varney and company. These were worth millions live on set in one moment. I ys say be thman with the plan but with less ergy, moodiness, i had to do something. I saw mdoctor. A blood test showed it was low testosterone, not age. We talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur report these symptoms to your doctor. Tell your doctorbout all medical conditions and medications. Serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. Ask your doctor about axiron. 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. Stuart soccer legend David Beckham<\/a> wants to build a soccer stadium in miami. The city says Cheryl Casone<\/a> knows the story. Cheryl Miami Dade County<\/a> to be more specific got burned with the stadium, the baseball stadium. Financially burned. What happened was the team came in and got to get the stadium built, miami dade put out money for the marlins and next thing you know the team is decimated, no more winning and all the lawsuits ensued. They dont want to go through that again with David Beckham<\/a>. Stuart it would be a separate stadium built for soccer and soccer only. And american based team with backham and running and running it. One of his business partners. Stuart they say he might come out of retirement and play. That would be more of the draw for the team but they are worlds apart when it comes to this negotiating process. Basically where they want to put the stadium is public land. Miami dade county saying we will rent you that for a few million the year and only want to pay 500,000 you because they have to pay to build the stadium. Is worlds apart, millions of dollars apart in negotiations and the city this week said we are taking a break. Stuart you had David Beckham<\/a>, miami which is home to a lot of people from latin america, huge soccer fans and what else . That is pretty much what you have got. Basketball situation going on down there. They want to be next to the American Airlines<\/a> arena. Stuart at the end of the day do you think the soccer stadium will be built . Let go . David beckham said i unwilling to pay rent to come to terms on the financial agreement and that is the problem but i dont think miami wants to use this. Stuart june 6th, 2014, Cheryl Casone<\/a> said they will build it and they will come. Thanks very much. You know how we love expensive, beautiful jewelry on the show. We have some for you today. We brought sparklers, forgive me for saying this, sparklers, that is the way i think of it. Right next to you, this one over here. That is 5 carrot pink. Fancy, vivid pink diamond. The strongest saturation one can have, bubble gum,. Stuart so the color and intensity of the, which adds to the value and the value would be . The estimate for the auction on june 10th in new york is 6,000,005 to 700,000. Stuart million 1,250,000 per carat. Extremely high. The prize of a colored diamonds. I am not sure i would pay that for 5 carrot pink. If you had a pink one like that and you did on your show 40 million. Stuart so what did you say . 6 million for the fur of move over here and that is a 5 carat blue. Intense greenish blue with two colors, a little bit of an aqua colored diamond and that is in for 1 million. Stuart wait a minute. What is the difference . A different color, okay. The purity on the stone is near flawless. The purity on that stone is down to small inclusion. That changes the value of the stone. Stuart is in eighth floor diamonds are carbon so with the carbon has not crystallize it stays as a black mark and that is what this stone has so the colors special but it does have black flecks in the stone and that changes the price. Stuart that takes 5 million away from it. This is one step down in the color saturation as well ended is a greenish blue which means it has a color modifier. The cure the color of the more expensive the stock. Stuart the necklace sitting right next to me. Feels like a zipper. You want to explain this . This is a special necklace. So called because in the 1930s, elsa chaparral used this and the duchess of windsor looked at this and thought this is great and as their chief designer in the 50s to make a necklace that would look like it and in 1953, unveiled the first zip necklace. Stuart the duchess of windsor was the wife of edward viii who abdicated in the 1930s. Fastforward to the 1950s the duchess asked for one of these and the first one, it is beautiful you can take it and adjust the lens. Stuart moved it up and down. How much . 250,000. Stuart when it, 250,000 seems like a bargain compared to a 5 carrot pink vermilion or blue vermilion and 5 carat pink for 6 million. Explain yourself. You have a single diamond, dark bubblegum pink near flawless stone, chances of finding this finding 200 million, chances of finding an intense green blue stone, one in maybe 50 million. They still make these. You can go to the store and buy them. It will cost more than we have at christies so its ready and demand and supply. Stuart does the dodgers where that one . This is a more modern version. Case started making them in various versions with diamondss. Newer version but just as beautiful. Stuart i you the auctioneer . I the guy with the gavel. Stuart i came to one of your options and whats just honestly with the rapidity with which you go through the items, you spend 90 seconds. 60 items of jewelry at every hour. Stuart averaging one minute . Or less. That will take me five minute so if you have 10,000, 1,085 it is gone, Something Like<\/a> this used art at 4 million and warm up the room and it takes time and we hope you can get to 9 million on tuesday. Stuart tuesday june 10th at night. The afternoon. Try not to keep it too late so we have plants from europe and asia on the phone. Stuart thank you for allowing the sparklers today. Come and see us again. Thank you. Up next, a different my take, for you today, very personal one, the story of my father, a dday veteran next. mother vo when i was pregnant. I got lots of advice, but i needed information i could trust. Unitedhealthcares innovative, Simple Program<\/a> helps moms stay on track with their doctors to get the right care and guidance. anncr vo thats health in numbers. Unitedhealthcare. Wbecame your business. Passion. At t can help simplify how you manage it. So you can focus on what you love most. When everyone and everything works together, business just sings. Stuart eastern time right there at 69. It is a rally. Goldman sachs leading the dow gainers, goldman is up a couple bucks, 165. Coming the shortly, Mike Huckabee<\/a> on Obamas America<\/a> and how he, the president , might have changed the millennial generation. Today is the day. Engine 6, 70 years ago, an invading force largely american, british and canadian troops began the liberation of europe, they shaped history for the better. My father was there. Here is my take. John lambert varney volunteered for the royal navy after the war broke out. He had two sons, my older brothers. They stayed behind with mom in england. His service took him to south africa mutt egypt and the mediterranean where his ship was torpedoed and he spent time in a life raft. On the night of june 5th, 1944, he was on a mine sweeper clearing the English Channel<\/a> between britain and france. When the job was done his ship sailed back as the invading armada went the other way to the normandy beaches. He told me it was a mighty force, that was his words, there were thousands and thousands of ships that kept on coming. He was there. He rarely spoke about it. Mom wouldnt let him. Bloody war, she would say. My father was away for five years and came home on just three brief occasions. After the war he came home to the house. My older brothers didnt know it. It broke his heart but he was there, he was there 70 years ago. He could never have imagined the family he started would include asians, africans, new zealanders, australians, germans and americans. By being there on the day he made that possible. God bless him. [ cows moo ] [ sizzling ] more rain. [ thunder rumbles ] [ male announcer ] when the world moves. Futures move first. Learn futures from experienced pros with dedicated chats and daily live webinars. And trade with papermoney to testdrive the market. All on thinkorswim from td ameritrade. All on thinkorswim stick with innovation. Stick with power. Stick with technology. Get the flexcare platinum from Philips Sonicare<\/a> and save now. Philips sonicare the numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development<\/a> strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. [ the human leagues human plays ] humans. Sometimes life trips us up. Sometimes we trip ourselves up. And although the mistakes may seem to just keep coming at you. So do the solutions. Like multipolicy discounts from Liberty Mutual<\/a> insurance. Save up to 10 just for combining your auto and home insurance. Call Liberty Mutual<\/a> insurance at. To speak with an Insurance Expert<\/a> and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. Personalized coverage and savings all the things humans need to make our world a little less imperfect. Call. And ask about all the ways you could save. Liberty Mutual Insurance<\/a>. Responsibility. Whats your policy . Stuart american wealth hitting record levels. You got details one this . I know it doesnt feel like it. Americans net worth, our wealth went up in the first two months of this year when the economy contracted in a brutally cold winter wind up to record high almost 82 trillion. The stock market going up but who is invested in the stock market . A rich people. This is the bigger reason, home values are going up. If your home is worth more you feel richer and spend more money except we are not spending more money. That is not happening and i ask what about millennials . Millennials are making america as a nation of renters. I dont know if we can continue. Millennials the Unemployment Rate<\/a> is 15. 2 . That came out this morning so they are not participating in the number we saw. Stuart i would contest your view that rich people own stocks. Everybody everybody with a pension plan, anybody in a mutual fund, every union guy whose union has a pension plan are in the stock market, they share in all this. Alternative investments for the wealthy, realestate. Why do you think i am covering it. That is the number one alternative investment for the wealthy. Realestate. Theyre not putting money in the markets, dont trust the market, theyre burned by the market, looking for tangible assets taken hold in their hands and would rather buy the necklace you had a few moments ago than stock in the stock market. Theres a complete distressed in the stock market. It is certainly out there but it is not all stocks anymore. Stuart we are going to do something we have done often on this program which is show go pro video. We have given more money than anybody else. A scene from Country Music<\/a> superstar brad paisleys latest concert. A fan holds up the go pro recording the concert, paisley grabbed the camera, uses it as a slide for his guitar solo. Really unique video. You didnt show the part where he picked it up from the camera guy, the gentlemans hand. His eyes were looking at a man becomes back and grabs it, this is mine now. Stuart i wonder if he knows that go perot is going public soon and if it gives him a video like this and he buys gold fro they are amazing cameras. Highquality. Stuart we rain video the other day of a guy in south africa with and go pro in his helmet, he is robbed by three guys at gunpoint, they take everything except the go pro camera which is still rolling and identified from the go pro video and go to prison and are arrested. Go pro consistently comes up with this kind of grabbedy video that every one wants to watch. Always the stuff you would never think of capturing. Stuart we just got Mike Huckabee<\/a>, we were worried about him. We couldnt get the shot but we got him, about to see him. Governor, welcome to the program, glad you are with us. I want to great to be with you. Stuart i want to talk about the millennial generation. We have given in a snapshot of millennials, a third of some of living at home with mom and dad. There appears to be some reluctance to get out there and get a job and work. If i as the general question, do you think president obama has changed the attitudes of young people in america . I think we all believe the president has fundamentally changed america as a whole. Has he had that kind of impact on the young generation . I think he has. Deutsche bank did a study showing a third of People Living<\/a> between 18 and 34 are still at home with their parents. When i grow up i couldnt wait until i was 18 and get on my own. I was married when i was 18 years old. Things are very different today. People staying at home. Here is the thing i find interesting. Obama campaigned on the idea of change. Now the only change lot of these millennials have is they find in their parentss sofa because they cant get a job, have huge Student Loans<\/a> that have not been effective in landing them a good job and they are still living at home and the Unemployment Rate<\/a> among millennials, heres the thing that isnt skyrocketing but falling to the ground and that is obama approval numbers among those very millennials. Ive heard said 23 of the only ones who are going to go vote this year among millennials. 75 going to stay home just forget the election. Stuart do you think things would change, the attitude of young people, do you think it would change its policies were different and we got some serious Economic Growth<\/a> . Can you turn a switch on a generation . Absolutely. Lets go back to 1980. Jimmy carter was president , the country was king never used the word but it was described as a malaise, sort of a dispirited time in American History<\/a> and people were looking at double digit inflation rates, extraordinary costs and energy and fuel and start looking at all that and young people in 1980, i was somewhat yum then were utterly discouraged and dispirited. Ronald reagan gets elected, changes the attitude of america and i always believe if you change the attitude, the altitude will change with it and if we want america to go up we will change the attitude that you cant change the attitude with policies just to suck up, salute and get used to inform. That was really unacceptable for america. Stuart do you think sometimes you and i i similar vintage called older than you are. Some months similar vintage. Were para ingraham build guys looking back at the generation saying these youngsters today are not like us. Ever get that impression . A lot of young people today are great. They are smart, i think they have a real sense of understanding how big the world is and the lot of them are just discouraged and disgustedly they put their hopes and faith in this president who represented to them and degeneration, the first non baby boomer president in American History<\/a>, the first one that came out of a generation beyond the baby boomers. Rather than being curmudgeons which we may well be the real issue is there is a factor, it doesnt have to remain that way. I have a lot of faith and hope in younger people. I dont think they are all lazy. A lot of them would love to do something significant with their lives but they have to be challenged and they have to be given something they were supposed to get with obama but has been taken from the man that is hope. They dont have a lot of hope right now. Stuart thank you for joining us. We will be watching you tomorrow night at 8 00 p. M. Eastern on the fox news channel. Thanks for being with us. Appreciate it. The majority of people say the market is rigged, 58 . So do you viewers, the strong opinions about that statistic, 58 think the market is rigged. We will deal with that in a moment. [ female announcer ] who are we . We are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. My mom works at ge. Thits not the limit yoursh hard earned cash back card. Its not the confused by rotating categories card. Its the nocategorygaming, nolookpassing, clearthelaneim goingupstrong, backboardbreaking, cash back card. This is the quicksilver cash back card from capital one. Unlimited 1. 5 cash back on every purchase, every single day. Ill ask again. Whats in your wallet . The new chairman and ceo to scott davis. And the ceo since 2008, and he will assume the world of nonexecutive chairman. And that companys chief operating officer began his carrier in 1979, parttime package load. Both moves affected september 1st. Walmarts annuals Shareholder Meeting<\/a> is today in arkansas. The company will have to address numerous shareholder concerns like five straight quarters of declining sales and walmarts Stock Performance<\/a> which has been flat for a yearandahalf. Nearly six in ten people think the stock market is rigged. We will discuss that in the real Halftime Report<\/a> coming up next. The stock market raid. So many people out there. Stuart friday lunch time, the real Halftime Report<\/a>. John layfield from bermuda and Cheryl Casone<\/a> in new york. 50 think the stock market is rigged to favor big time investor, the big guy and you viewers a lot of you agree with that. Here is some response. Margaret says i have known too many people who worked on wall street, there is no way i could say it is not rigged. Buster says yes i do. I dont know many normal people still investing in it. John wayfield, you think the market is rigged . These huge Institutional Investors<\/a> have an advantage significantly over smalltime investors. Is that necessarily rigged or just a favor is that they have that is over the average investor . They are able to pick up the phone and call management, something the average investor is not to do. The way that it is rigged is the High Frequency<\/a> trades margolis wrote about where you use speed to fund run orders. That is the rigged scenario but for the average investor to invest something in buy and hold it doesnt matter. Stuart i agree with you. I agree highfrequency traders get an advantage however if you invest in the s p 500 index you make 30 on your money last year and from the beginning of time from the dow in the late 1800ss it is a 66 of the time. Whether it is rigged to or not maybe you didnt make as much as the big guys are the ones with the money but you still won. Stuart that is a fair point. The small investor is worried about stock picking which is why theyre going for the index and playing the s p 500. They feel they are completely rigged when it comes to individual stocks. Stuart whatever your feelings are dont leave the rally because it has been a real good one. What we are watching for you i am calling a disappointing jobs report, 217,000 jobs created. What do you say . Cheryl a very disappointing jobs report. If you look at wage growth didnt happen, labour Participation Rate<\/a>s, same situation last month, incredibly high number, season of participation, workers continue to give up and those that are working right now that are part time, Service Sector<\/a> jobs, 12. 3 of them are looking to get full time and they cant, you have a frustrated job seeker, wages are stagnant, lowwage jobs plenty of them, high wage jobs, where are they . Stuart john, disappointing, yes or no . I tend to be disappointing, you still have 62. 8 labor force Participation Rate<\/a>, that is the lowest in 36 years, the lowest since jimmy carter. We have a massive skills gap in our country. Replacing these good jobs are lowwage jobs. 215,000 jobs. I got lucky with that one. Stuart tell me about as list. It is doing so great. Bank of america, merrill lynch, a buy rating. 9 . We talk about big it movers, a stellar performer. Stuart i am saying bank of america which is find 12 billion, i say that is a shakedown. What do you say . It is the transfer of bad political points. This has been going on since the beginning of the country. Andrew jackson, very low approval ratings, they go after somebody with a lower approval rating, they spotlight them. Same as big tobacco, this is the way to put the mantle on the trophy case and brag about it. Stuart two thirds say the economy is in bad shape. Numbers back me up. And when the, quote, recovery began it was 2 . 2 growth, first quarters this year we had a horrible winter and about the 1 rating but where will let economy grow . Those are not growing. On the high level, Manufacturing Activity<\/a> lower, where is the economy growing . This is a closing in my life. Stuart last one for you from bermuda. Where does the dow hit 17,000 . After the summer, not much is done during the summer. You will see some sort of fall rally and go over 17,000 in the fall. Stuart we are 90 points away from 17 k. The smallest bull in the world. We might call this summer, i think i will say over in the fall. Stuart thanks, great real Halftime Report<\/a> this friday, appreciate it, one and all. Risk and reward is next. Dierdre we continue your conversation about this jobs report showing basically all of the jobs that were lost since the Great Recession<\/a> have been added back to the u. S. Economy so we will talk about what that means if you have alternative asset, your portfolio, trying to rebalance a little bit, that is topic 1 on risk and reward which starts in a few minutes time. In the meantime back to you, very happy friday. Stuart thank you very much. The state of virginia going after cougar uber. The service is illegal, bureaucrats trying to kill what i am calling the sharing economy. We got that story coming up next. mother vo when i was pregnant. I got lots of advice, but i needed information i could trust. Unitedhealthcares innovative, Simple Program<\/a> helps moms stay on track with their doctors to get the right care and guidance. anncr vo thats health in numbers. Unitedhealthcare. No matter what kind of business you own, at t Business Experts<\/a> can help keep it running. Seamlessly. So you can get back to what you love. When everyone and everything works together, business just sings. Humans. Even when we cross our ts and dot our is, we still run into problems. Thats why Liberty Mutual<\/a> insurance offers accident forgiveness with our auto policies. If you qualify, your rates wont go up due to your first accident. Because making mistakes is only human, and so are we. We also offer new car replacement, so if you total your new car, well give you the money for a new one. Call Liberty Mutual<\/a> insurance at. And ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, the repairs are guaranteed for life. So call. To talk with an Insurance Expert<\/a> about everything that comes standard with our base auto policy. And if you switch, you could save up to 423. Liberty Mutual Insurance<\/a> responsibility. Whats your policy . What happened . Life happened. Stress. Fun. Bad habits. Kids. Kids. Kids. Now what . Not milk. Not sheep. Not that. Lets think smarter. Lets get some science in here. Lets build a bed. Another bed . No, a smarter bed a entirely new sleep number bed that tracks your movement, your heartbeat, your breathing sensors working directly with the dual air chambers yeah you need the air chambers. Introducing the sleep number bed now with sleepiq technology. It tracks your sleep patterns and tells you how to adjust for. A good nights sleep, a better night, and an awesome night. So what sleep number adjustments make the difference . Try cranking it up . Adjust it down . A little bubbly . Or nix the late night flicks . Wait, youll know what works, cuz sleepiq\u2122 technology tells you. And all you have to do is sleep. Which is easy. Only at a sleep number store, mattresses with sleepiq start at just 999. 98 because everyone deserves a great nights sleep. Know better sleep with sleep number. Stuart sharing the economy taking a hit here. In virginia the dmv tells uber and lift, a similar system, stop operating, you dont want to do that in this stage, get out of here. I think that is shutting them down. Cheryl for now. The biggest story is these are the unions that have been pushing especially in virginia to get the state absolutely. This is good union, looking to get, they want uber for taxi drivers and want them out, they have the union support, union backers behind them and they had a victory in virginia because uber and left how are they going to enforce it . That is the bigger question. How do you say you are driving some one back to your car . Is that your friend or your customer . Stuart uber is a Disruptive Company<\/a> disrupting the establishment car service. As this air b b, the rules, the regulations are not keeping up with disruptive companies. They have to change and that theyd be laws. And putting the new guys out of business. Getting so many drivers and putting other companies out of business. Stuart i know of a car service that has lost 1third of its drivers binge they have gone to uber. It is all the time. The dow industrials are up 75 points at 6912, inching up this friday. We will have your take next. [ male announcer ] if youre taking multiple medications, does your mouth often feel dry . A dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. Thats why theres biotene. Available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, andt helps keep your mouth healthy, too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene for people who suffer from dry mouth. Stuart on the night of june 5, 1944, he was on a mine sweeper. When the job was done, his ship sailed back. He sailed through the armada. That was a small part of the story i shared during my take on my fathers experience. He was there. Right there in the middle of it. I am truly grateful for that. Here is your take on the rest of todays program. My dad was on the beaches of normandy. It was a duty and they did it without complaint. Nina says it is just summer jobs. We are in a depression. That is a little extreme, i have to say. She is right about the summer jobs issue. Absolutely. Stuart sorry. Keep watching. Deirdre bolton, it is yours. Deirdre the opposite of depression. At least on this sunny friday. One of the best stretches of job creation since the 1990s. Sears chairman Eddie Lampert<\/a> taxing. Details on that strategy session coming your way. In the sport of kings, the Winners Circle<\/a> not just for the rich. If California Chrome<\/a> wins, it will be a major return and investments. Businesses added 217,000 jobs last month. The total payroll","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia802703.us.archive.org\/19\/items\/FBC_20140606_150000_Varney__Company\/FBC_20140606_150000_Varney__Company.thumbs\/FBC_20140606_150000_Varney__Company_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240619T12:35:10+00:00"}