tv Varney Company FOX Business February 23, 2015 11:00am-1:01pm EST
maria: welcome back. markets down about 40 points on the dow jones industrial average. big event tomorrow begins in washington when janet yellen begins her semiannual address to congress. we'll cover it. time for "varney & company." thanks for being with us. charles in for stuart. charles payne have a great show. >> thank you very much. i am charles payne. stuart will be back tomorrow. for now here is the big story. president obama's tax the rich mantra? it is working. ap poll shows 78% of people think the rich don't pay. that is ultraleft. you didn't build that message. you might not like it. it is hitting home and will be factor in 2016. apple hits a new high. they will announce a billion dollar plan to build two big new data facilities in europe. should hollywood fix their
own problems before telling society how to fix theirs? "varney & company" is about to begin. ♪ charles: let's check the big board. meandering. nasdaq is the index we'll all watch. will it match the all-time high? good chance it will match it this week. oil is trying to find something of a bottom. 49 held. may be tested today. right now 49.55. national average for gallon of regular, up two cents over the weekend. prices go up a lot faster than they go down don't they? here the big story. big story from the associated press, left's tax the rich mantra is working. wealthy households pay too
little while 60% say middle class households pay too much in taxes. heritage foundation stephen moore joins us. stephen, this was a shocker to me. felt like americans in general felt everyone was overtaxed. maybe like the left is winning the pr war. >> well maybe in the very short term. first of all i agree the middle class is overtaxed in this country. there is no question about that. government spends too much at every level of government, whether city hall or states or of course the federal government but i think there is also a big misperception, i think sometimes conservatives like myself don't do good enough job. certainly the media isn't covering this. when you talk about the richest one or 2% charles the top 1%, i know you know this statistic but most americans don't. richest 1% pay almost 40% of the income tax in this country. one out of 100 pay 40% of the tax. that is an awful lot.
charles: that is an awful lot. some counter, how much assets to the top 1% own. own 50% of the assets pay 40% the taxes that is isn't, quote unquote fair. >> i know those statistics as well. they're in my book who is the fairest of them all. they make 15 to 20% of the total income and pay 40% of the tax. look at top 10% charles, the top 10% pay almost 70% of the income stacks. it is highly progressive tax system. i would make the case, what we don't have enough of in this country is rich people. when people get rich charles, they start businesses. when they start businesses everyone gets a little bit richer. the more rich people you have the more tax revenues you collect. the best way to balance the budget create a rising tide. >> steve, cheryl casone in new york. what i look at obviously wages and income and wages are stagnant over the last three years. >> yep. >> these same americans say my
wages are stagnant. must be the rich. the theory and truth here is we have less high income earners and more low income earners in this country. that is where the disconnect is. >> that is exactly right cheryl. when you have a kind of a shrinking pie a lot of middle class are feeling, their income is so constrained, prices rise faster than income, people get enviest. no, tax that other guy over there. tax that rich guy. i think that is a big part of the explanation here, that the lower income groups and middle class have really gotten clobbered, not just in the recession but the recovery and saying tax somebody else cheryl. >> steve, you started this whole piece off by saying message or messaging from conservatives hasn't been effective. >> right. charles: no matter what numbers you throw out there. they overwhelmingly disprove what the poll says. it doesn't matter. if they go through the polls and
believe the rich are gaming system, another four years another eight years of this kind of policy, i don't know that the country can handle it. >> that's a good point. let's talk about the rich. who are the these people, the evil rich people that need to be taxed more? talking about warren buffett or bill gates? are we talking about tiger woods and taylor swift, people like that. you know that group, that 1%, 60% of those people, what they do for a living, is own and invest, run small businesses. now where do jobs come from? obviously from small businesses. when you take more anyone any out of the business that means they have less money left over to hire people. we have to do better job, all of us connecting the dots between the employer and the job. my old boss, dick armey old house majority leader, liberal love jobs but hate employers. you can't have one without the other. you know? charles: got to tell you. let's hope messaging gets
through. i have to be honest with you nothing scares me more than elizabeth warren in the white house. >> that ain't going to happen. i guaranty it. charles: i hear ya. >> you can sleep soundly tonight. charles: seven years ago, same people were telling me that candidate obama was empty suit. would never make it. all right. thanks a lot. stephen. >> take care charles. charles: we have a showdown in d.c. over funding for the homeland security department. republicans say they won't pass the bill to fund a department if it includes a provision to fund president obama's executive order for amnesty for illegal immigrants. let's bring in congresswoman diane black, republican from tennessee. congresswoman, friday is the deadline. will we have a deal to keep homeland security open? >> charles, good to be with you today. we hope the senate i know they're in today will take our bill up and do what they need to do work on their will what they come back to the house. reason we started on this bill
in february passed it over to the house or sent it over the senate. we expect the senate would do their job to send it back to us. none of us want to close down the government. we're looking forward to getting something back from our senator. >> congresswoman the cheryl casone in new york. real fight is funding for the immigration and funding for the president's i immigration executive order. are you willing to take that off the table to avoid a shutdown by friday. >> we had the president say on 22 different occasions, that he can not by executive order change immigration policy, yet he did it. we have democrats in the house agree it was not the way to go. we know majority of the number of senate, all they can't get to 20 can't get to 60. they agree the same way. we expect we'll get something back from them to allow us so work will both of bodies to not close down the government. we do not want to close down the government obviously. we need the department of
homeland security considering all the terrible things going on in this world. charles: congresswoman the personnel would work even know it was not funded. i'm not sure. wouldn't that allow political gamesmanship intensify a little bit? you are right. the last time the government was shut down we saw homeland security still continued to operate. that there were workers who were working in that department. and so we think that probably would happen but that is really not what the house wants to do. i want to go back to say we did our job back in the beginning of february. we sent them a bill very early on so they would have an opportunity to be able to debate and send us back something from the senate. charles: i want to shift gears a little bit. more problems with obamacare. 800,000 enrollees, they were sent the wrong tax information. what exactly happened there? >> charles this is continuing to happen with obamacare. it has since the beginning. this is a program that is so complex, so confusing, and so
costly even the administration can not figure out how to implement it. so now we see once again health care healthcare.gov when it was initiated did not work well. we see there are still security issues with it and now one more time we're seeing a glitch where the american people are really the ones getting hurt. they got tax information, if they were getting subsidies or tax credits. charles: right. >> they got tax information that is not correct. we're up to almost a million people considering not only the federal government and also the california exchange. here are people that will now have to wait for tax returns wait for the government to figure out how to do it right way to get information back to them. this is the reason why we continue to say this needs to be repealed. by the way the information on this came out on a friday afternoon on a blog post. this is very typical of this administration, not standing up and saying look we take responsibility. mr. earnest would not acknowledge this was problem from the administration.
would not apologize. it is very disturbing. charles: to your point, typical that it comes out on friday. i for one can't wait for them to take over the internet. congresswoman black, thank you very much. we appreciate your time this morning. >> thank you, charles. great being with you. charles: now in case you missed it here are our headlines lauren simonetti. >> hey charles. you're supposed to look at me. charles: this is arthur's fault. he is director here. >> you're new to the new segment. charles: i would look all day if it was up to me. >> oh, baby. how much does it cost to look at mickey and minnie. for a single day adult pass if you visit magic kingdom in orlando, florida. raising prices for other orlando resorts to $97. out in california tickets rose to $99. the question now what will universal and seaworld follow. italian fashion house prada
saw sales fall 1% last year after years of substantial and often double-digit growth. prada's fall is typical of industrywide as chinese shoppers cut back and europe continued to show signs of weakness. apple spending almost $2 billion in europe to build data centers in ireland and denmark over the next two years. they will be powered by renewable energy and might east europeans worries about their data stored in the u.s. after nsa revelations. apple topping $130 for the very first time. those are the headlines. charles: i was going to offer to take to you disney but i can't afford it. >> $100, are you serious? >> yeah. charles: terrorists threatening an attack on the minnesota's mall of america. the obama administration response? just be careful. the full story after this.
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♪ charles: check the big board. relatively unchanged from the last time, down 47 under some slight pressure, not a lot. typical monday morning. a lot of anxiety but we want to check shares of discovery, rallying on reports it might be bought by 21st century fox. of course that is our fox, right now fox is denying rumors. doesn't matter, the street is buildings up the stock 7%. different story for tesla. bank of america merrill lynch cutting their price for the stock and it is starting to buckle here. new video surfaced supposedly from the terror group al-shabaab in somalia talking about attacks on shopping malls in the united states. the video specifically mentions the mall of america in minnesota. peter barnes at the white house. peter? >> that's right. al-shabaab claimed responsibility on the attack at westgate mall in nairobi that left 67 people dead. that's why they're taking this
seriously. they're worried about lone wolf attacks. dhs called the video propaganda, but did say it is working with the fbi to inform local law enforcement about the possible threat. it said it was not aware of any specific credible plot against the mall of america or any other domestic commercial shopping center. that said retailers say that they are taking steps. they're not taking any chances here. they say they are implementing their top level emergency plans according to the national retail federation. nfr says quote, consumers should rest assured retailers have been and remain prepared for any emergency that may arise. charles? charles: thank you very much. appreciate it, peter. now the department of homeland security secretary jay johnson defending the president's decision not to use the term radical islam. listen to this from "fox news sunday." >> the thing i hear from leaders in the muslim community in this country is, isil is attempting to hijack my religion.
our religion is about peace and brotherhood and i isil is attempting to hijack that from us to refer to isil as occupying any part of the islamic theology is, is playing on a battlefield that they would like us to be on. charles: here for more on this is retired army brigadier general anthony tada, author of a new book, foreign and domestic. general, the administration really has bent over backwards and double, triple, quadrupled down on their defense of isis or any of these other terrorist organizations being labeled islam but yet just about everyone agrees, it is a form, a radical form of islam. what do you make of it? >> it is absolutely radical islam. islamic extremists are at war with the u.s. they want to
destroy our economy. attacking shopping malls, going after soft targets, training children. so this is a serious threat, so the first thing you've got to do charles, you have to define your enemy. and if you don't define your enemy you can never develop a strategic plan to defeat the enemy. we have to call it what it is. it is islamic extremism. we have to say where this enemy is, where they're coming from. isis is building every means of a nation-state. they're recruiting here in the united states. they have got people joining them from the west. and, that so it is not a stretch to say charles that they can influence people in the west to conduct lone wolf attacks or conduct attacks against soft targets wherever masses of people congregate. they want sensationalized attacks so they can then win the propaganda and the information war. they are being pretty effective what they're doing with regard
to their information, technology and ability to influence people. charles: do you think some of that, some of their success with respect to the recruiting and that you just mentioned comes from the fact that we won't draw hard-line, at least the administration won't call them out in more serious manner, going so far as to even bring in the crusades and how we treated people in america in the past? i mean does that help their recruiting efforts? >> i think to an extent it does and the fact that it sort of limits are response, it buffers our response. we need to draw a hard-line here. we need to say this is the enemy. they are bad. they are evil. it is sort of like nazi germany. they were training children. they were going after economic domination. well isis is trying to build a nation-state. they have splinter groups that are threatening now our shopping malls. and, by extension the american people. these are direct threats against vital interests of the united
states. let's not forget bin laden wanted to destroy the u.s. economy. that was a singular goal of al qaeda. it remains that for all of these islamic extreme it groups. charles: general, you have a new book out foreign and domestic, i think it delves into this, right? the reach of terrorism, particularly here at home? >> yeah. you know i draw on some of my experience. if mitch rap fan or lee child, "jack reacher," scott horvath, it is the same vain. i bring in from my experience as general combat infantry and paratrooper. jake is the new hero in this book and he gets involved in combat in afghanistan and comes back to the homeland in the second chapter and is looking for an enemy that has infiltrated into the united states. and it is a thrilling read. i donate much of the royalties to veterans groups such as the
lone survivor or the seal of honor, michael murphy foundation and north carolina heroes fund. that helps me give back to the community that i served so longwith for three decades. charles: we salute you also for your service. we hope the book is a big success. thanks a lot for your sometime this morning. >> thank you, charles i appreciate it. charles: actors like patricia arquette. message on equal pay. >> our time to have wage equality for once and for all and equal rights for women in the united states of america! [applause] ♪
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charles: goat to check shares of apple. look at that bad boy go up. $2.21. 131.70 hitting new all-time highs. oscars last night, patricia arquette, won best supporting actress for her role in "boyhood." it is her acceptance speech has everyone talking. listen. >> to every woman who gave birth to every taxpayers and citizen of this nation, we have fought for everybody else's equal rights. it is our time to have wage equality once and for all, and
equal rights for women in the united states of america. [cheers and applause] charles: pretty obvious there. you saw meryl streep loved it. jennifer lopez, loved it. cheryl, what is your take? >> we always see political statements out of oscars, liberal hollywood. what is different about this. she was calling out hollywood in her speech. charles: did she? says america. >> calling out hollywood because of what we learned in the sony hacking scandal. we found out through those emails, the female actresses are paid a lot less on front end and back end on male counterparts. look at forbes study in 2013. top 10 men made 419 million in salary. many top 10 million, won oscars. that is 54% difference in pay top earners between male and female. amy pascal said you should negotiate what you're worth. charlize theron find out making
10 million less than co-star arguably a bigger star, won an oscar. she said no, i want equal pay so i'm walking away. this fight come down to hollywood. for once they're not calling out someone else. they're calling out each other. charles: glad you interpret it that way. felt like throwing it out to america in general. to your point even before those sony leaks, you take, you know, last year, i remember when dwayne johnson's movie came out, same time at scarlett johansson's made 10 or 20 million. her movie louisly blue blew him out of the water. >> this is happening ad studio level. two people men and woman runs columbia pictures. make million more than. same exact job and title and responsibilities. there are very few female directors in hollywood as you know executive producers. there really is a big issue in hollywood, only gets better especially with meryl streep. charles: i hope so. thanks a lot, cheryl. >> you bet. here is headline for you.
charles: check on big board. griping its way towards the even mark. off 34. off0 at worst point. check shares of boeing. goldman sachs downgraded the stock to sell from neutral. they missed amazing run-up in the stock maybe doubling down on that huge mistake in my opinion. human government announced cutting funding from humana advantaged care health plans was less than anticipated. burgers we love as americans, they're hurting the environment. so we need to eat more plants. who better to ask about this the man with the cow jacket himself, scott shellady. scott, how guilty are you feeling this morning? >> not lost on me you're talking about a big guy wearing a cow jacket on beef consumption.
the problem with america is not the footprint beef or the what they do while eating problems. it is a sugar problem stuart charles. it is is not a beef problem. amount of sugar in the diet makes us where we are. if we have more preet teens which beef chicken and pork are, that would be more better example of solving the problem rather than make us eat more salad and grasses. because guess what? that will not happen with all the food we have out there that tastes so good because of high sugar. it is not about nutrition, it is about sugar. we need to get rid of the sugar. charles: scott, i know you tried this out on environmentalist friends. did that fly with them? >> no. it didn't fly with them obviously. but you know what? let's talk for the environmentalist friends about sustainability, from sustainability experts, not nutrition its? how about that? nutrition its talk to us about sustainability, we lost the plot right there. charles: i got to tell you,
guilt trip is absolutely amazing. and i for one keep saying when al gore gives up his burgers i may think about it. he has a house 10 times bigger than mine. he flies around in private jet and gets to eat burgers? i will wait for some of these guys that make big money in this game to start making changes first. >> i agree. i bet al gore gets his burgers flown in on private jet. how about that? you got it, bud i d looking good. we'll talk real soon. >> all right thanks. charles: get back to the immigration issue. president obama making an emergency appeal to keep his executive order in place. all rise judge andrew napolitano is here. all right. the president's, really seems to have drawn a line in the sand. this will come to a head. >> real interesting, charles particularly for a lot of viewers on the show. even though the government has been enjoined, stopped by a federal judge implementing the president's executive orders about a half dozen of them the
government has not stopped preparing for the implementation. as we speak it is putting out contracts for bids to process the 4.7 million, or 5 million, whatever number of illegals. the president today, plans to have the justice department file for an emergency appeal. guess what? they have to ask for permission to appeal. if the permission is granted, then they have to ask for the for the appeal. so it is a two step process. appellate courts ordinarily do not like to interfere with decisions of trial judges in the federal system until the end of the case. this is the very beginning of the case. this is what is called a preliminary injunction. so what the judge in texas did a week ago today was, review papers here, oral argument's sake. the feds are likely to lose. if i don't stop this now once it starts. no way to undo it. that is irreppable harm to the states and people involved. i will enjoin everybody. this case go guys back to the trial judge.
if appellate court does not interfere, guess what? obama amnesty is dead. why do say that? it will take year-and-a-half for the judges to sort it out. what happens a year-and-a-half from now? new president comes in. charles: ultimately this will go to the supreme court? we know -- >> it may not go to the supreme court if the appeals court decides not to intercede. charles: and republican takes over office it will be sort of a moot point at that time. >> correct. if the appeals court intercedes or trial judge reverses himself, not unheard of but unlikely, i can see it going up the food chain in the next year-and-a-half during president obama's remaining term in office. charles: judge i read, blurbs on this from the left and the right. they both left says, it is pretty thin. it is not well-thought out. it is, it is not going to hold up. the right saying hey the judge laid out the reasoning. the constitutional reasoning why this is illegal.
we heard the same thing with obamacare. when it got to the supreme court most of the betting would be it would be deemed unconstitutional. >> right. they found a bizarre way to find it constitutional. charles: right. it is hard at this point if it did land in the supreme court what the ruling might be. >> you know when a judge rules against you he or she is an activist who doesn't understand their job. when they rule in your favor they're a wonderful legal scholar and courageous doing the right thing. where you sit depends where you stand on this case. trying to evaluate this from as neutral point as i can be, i'm not neutral because i honestly believe the president was wrong to rewrite the law -- charles: sure. >> this is the most philosophically conservative federal appeals court in the nation. there are 28 judges on a it. 25 of them were appointed by republican presidents. i think it is unlikely they will interfere. but you know, we'll know by end of the week.
it is emergency appeal. they have to rule right away. we're not getting involved or we are getting involved and we'll tell you when we will give you a ruling on merits. charles: i don't know if is arrogance or smart government to continue to act like it will go through on the obama's administration's point. it is worrisome. >> it irritates judges. you find sneaky ways to get around a court order. one of the things the judge did in this case, he said to the lawyers for the justice department, did the president change the law. the justice absolutely said not. when the justice department said no, the judge pulled up 22 quotations from the president which he boasted that he changed the law. charles: thank you very much. appreciate it. big week for netflix. house of cards season three will be released on friday. here is the question, if the obama administration gets its way and they get to regulate the internet, will you get the spinning wheel of death when you start screaming? we'll discuss it next.
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opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >> i'm nicole petallides with your fox business brief. we're off the lows of the day. the dow jones industrial average down 30 points, 18,000 110. -- nasdaq down one point.
averages not too far off the unchanged line. boeing downgraded overall the aerospace sector but putting bowing at a sell. down 2 1/2 points. worth over 25 negative dow points. united health hitting new highs. health care sector hitting a new high, doing very well on the news of a deal in this group. disney raising prices to over $100 at their theme parks. take a look here at apple. above the 131 mark 131.68. new record all-time high there with a market cap, $760 billion. right now the dow is down 30. more varney coming up.
the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer,
that's what i'd like to do. charles: here's a question for you. are you part of new york city's middle class? well, there is actually a new online calculator that determines whether new york city mayor de blasio will consider you middle class and liz liz is here. -- liz macdonald. how did you fare? >> trying to figure this out. charles: you're super-rich. >> no, i'm not super-rich. charles: what is it all about? >> about the policies the mayor has in place for affordable housing and like. that really matters he will set aside, for example, affordable housing units if you're middle class. median is about 67,000. the city council reports it is 200,000. these stories make a lot of economists crazy because the problem with it they don't take
into account what lower brackets get in form of welfare benefits, social security benefits medicaid medicare, food stamps. they don't take that into account. they don't take into accounts high taxes other brackets pay and what they have to pay for mortgages, for college tuition and for health care costs and like. comes out in balance. not about, slicing up the national pie. it is about growing the pie right? charles: sure. >> that is the thinking behind this, is so distorted and off base all the time. charles: desperate that de blasio modus modus operandi. when you talk about slicing things up, that is how he got up into office. you slice the city with have and have-nots. more people in the have not bucket. get a torch and pitchforks we'll get our share from the rich people. >> create a state clientele keeps voting you back into office. his attitude, he has monopoly claim on taxpayer's wallets. the rich started out life on third base. that is not the base.
many people fought to get to where they are at. they are lower class and brought themself up. 50% of the lower brackets go up into the higher brackets in 10-year period of starting in '96 and half of upper brackets dropped down. there is income mobility not acknowledged in de blasio's policies and democrat liberal, progressive mayors and governors. charles: do you think these kind of policies to your point, when all these welfare benefits aren't factored in so the more piles on because you're still poor? >> right. charles: you think those hurt people at bottom? there is not the impetus to get out of that position. >> that ace good point. congressional budget office non-partisan footnote exactly that. the cbo said. that there is incentive to get into upper brackets. charles: want to check shares of netflix. the new season "house of cards" hits the web on friday. millions of people will be log in. they love to binge watch the show. what if new regulations on internet were in place?
we're talking about net neutrality. would our binge watching interrupted by spinning wheel of death? let's bring in the man himself, jeremy kaplan. say the fcc passed net neutrality and government was in charge of speeds and lanes because they had to make it fair. how would it be watching "house of cards" under those circumstances? >> the challenge is what you're presenting. everyone wants access to the content. netflix is enormous force in internet traffic. last year, 30% of the network traffic was netflix videos. thinking maybe it would slow down, that is definitely a risk. i don't think government regulation will necessarily slow things down however. charles: why are they doing it? in other words, why do they want to regulate it, quite, quote unquote, public utility? backdrop for everything this administration does is fairness. wouldn't they break it up into equal lanes everyone gets same speed, even if it's a slow speed?
>> that is the dream. that is the ideal. this is very idealistic policy let's hope there is not bureaucratic red tape that shuts things down. idealistic let's keep everything fair. that will keep net exup and running. >> everybody loves "house of cards" and binge watch even though i think this is an invitation to the prick tore. will people realize when it takes effect? nothing drives people more to the break of insanity, having netflix not loading up to load up or download. that makes people nuts. will people complain on social media? do you see in the future complaining about government policies slowing it down? >> net neutrality is one government issue rallied a lot of people up. >> i hate the term. it is wingky. two speed internet. >> i hate the term. here is great example why you should care. you pay a phone company, to make
a phone call point a to point b. they doesn't listen in. what if you couldn't call papa ginoa's because they had a deal with pizza hut? you would be up in arms. that is what net neutrality is supposed to control. you want to get whatever pizza you can. >> good point. charles: we say the ned has been extraordinarily successful? it was crude, crudely developed by government. private sector went in there made it what it is, where it created millions nays, hundred of thousand millions of jobs around the world. it brought people out of poverty and created ideas and innovation? why tinker with that? nobody believes the government will make it better. >> there are examples, large companies coming in, particularly netflix, regulating some things meddling in some things, giving you that spinning wheel. some regulation is pie-in-the-sky, maybe this could happen. what if you couldn't get your pizza hut all of sudden?
>> we have yet to hear from al gore weighing in. he invented internet. charles: he gets his royalty checks either way. thanks jeremy. appreciate it. yes the hollywood elite pushed agendas during the oscars. man bites dog. one actor the message was entirely different. with more on this next. >> call your mom, call your dad. if you're lucky enough to have a parent or two alive on this planet call them. don't text don't email. call them on the phone.
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charles: last night's oscars saw a 14% drop in ratings. four-year low. we have keith from imdb joins us now. tell you what, keith the ratings may have been down but you were spot on. give you props. all your predictions from friday, you were right on them all. >> each and everyone, charles. taking my victory lap. charles: all right, so why did you know "birdman" would win the best oscar? you called it right here on the show? >> actually ties in with something i think we'll talk about later, j.k. simmons, talking about call your mom. this was my sage advice from my parents from spokane, washington when you have two great films vying for the, best
film, which you had boyhood and "birdman," my parents always imparted advice go with the one about putting on a show which is exactly, actors love actors. they understand it is about money and theatrical production. that's what they know. that's what they went with. it's a great movie. charles: is there a correlation though? from what i understand "birdman" is one of the lowest grossing pictures that ever won the best picture category? was it too inside baseball? too much actors honoring actors, public having not seen this movie, turning it off somewhat? >> i think you know, lowest since "hurt locker," which another great film. one of the things oscars does and should do, that it promotes great films. you still have "whiplash," that is like sitting at $13in. if you haven't seen "whiplash," you should see "whiplash." if you hadn't heard of
j.k. simmons and "whiplash" you have now. you should see it. it promotes great film. >> emac here. what did you think of neil patrick harris's, you know, his job there? did you think he had a good performance? or is that responsible for the ratings drop? >> you know really interesting, i'm back in the press room. so what happens is in the press room is when they when they bring somebody who has won in to the press room they cut the show. so you're like, huh. i watched opening. i thought that was really great. i love homages to movies. if you're watching oscars you should love movies. that should be a prerequisite right there. i thought he did fine. actually i probably haven't watched, i haven't watch ad full oscar show in about six years. charles: now there was really positive moment from j.k. simmons who won the best supporting actor. we want to roll tape on that. let's roll it. >> if i may, call your mom.
everybody. told this to like a billion people or some call your mom. call your dad. if you're lucky enough to have a parent or two alive on this planet, call them. don't text don't email. call them on the phone. tell them you love them and thank them and listen to them for as long as they want to talk to you. charles: keith we need a lot more moments like that, don't we? >> we absolutely do. that is one of the things i love about the oscars what do people do, common gets up, he thanked god. people get up and thank people they're greatful to. plus you got really, easy on the eyes folks to look at and a lot of glamour. i think that is why the oscars are oscars. charles: leaving political stuff out, it would do better. you were spot on. appreciate it. thanks a lot. >> thanks, charles. charles: one more hour of "varney & company" coming up. terrorists threatening mall attacks. white house still refuses to call it what it is, islamic terror. what does the administration do?
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speed is new video from shows pros of children training to become killers. ask the state department and they say it is a lack of jobs. a flowchart showing how to fight extremism in your community. how would you fight extremism? i wish i were kidding, but i am not. we have ambassador john bolton here it to kick off the second
hour. ♪ charles: 20 years ago today the dow closed above 20,000 for the first time. it is still holding above 18,000. let's take a look at oil. it has sort of been me and during. going up over the weekend is gas. now, for the you can't ache this stuff up segment for the day. cloud sourcing the solution for violent extremism. that is right. they are asking you for ideas to fight extremism. ambassador john bolton is with
us. >> a.b. you get the community to chip in. fighting the evils of extremism. >> it is another indication. they still have a plan that political islam is a kind of pretty old. it is now the world. unless we understand that it is an ideology there is no way we will be in effect is even with the new tech weeks of social media. you have to have a theory and strategy. i think the obama administration is following, when you see a fork in the road, take it. [laughter] charles: the muslim community
has come out and said, listen, dies please do not use the term radical islam. what do you make of the idea of putting those served ahead of the, the fact is everyone else considers it to be a metaphor for him. >> the president's job is to rally the country again our enemies. i think radical islam is the enemy of the united states. it is not just that. this administration is about to sign a deal, i think almost any day. the terrorists and their supporters come in a lot of different shapes and sizes. if you want to ask the people that are most familiar and suffered the most from islamic terrorism is a.
i think it is just common sense. please see do you think the inability or refusal to call it radical islam do you think the dissing of benjamin and yahoo!, all of that enables and encourages people that would want to destroy america. >> you pay a price for being a close ally of the united states. the president is following negotiations with iran. i do not know how he will actually back off the terrorists.
>> i think he thinks we are part of the problem of the world. >> the world will be a safer place. i think that that is exactly backwards. i think that puts us in a position of week this. it will simply be provocative to our enemies. charles: that i tell you are worried. do you think something ugly is right around the corner? >> i think we should be very worried about renewed terrorist attacks in this country. they have threatened the mall of america. i do not know if that is anything more than rhetoric. against the people who are criticizing.
a kosher supermarket and synagogue. the libyan version of isis saying we will attack rome. one of the great symbols of christianity. they know what they are after. too focus on his sophie stick. >> i wish i could say that i thought you were wrong. unfortunately, i agree with you on this. let's check shares of apple. $1.9 billion. elizabeth macdonald is here. why doesn't apple ever get rid of size from the left? slave labor in china for years.
they get to build these data centers in europe. the ceo of the company get to sit with michelle obama. exxon is an evil company and apple is not. it is a good point that you make. it is certainly on the radar screen over in europe. one in denmark and ireland. the data centers will be pairing with apple stores. off showing profits overseas. that does support our operations. charles: either way, i am not against apple. even though it is not in there this is also in appeasement to
china. a lot of people have moved over there. maybe they could -- >> apple is using wind power. if you want to do that, build a data center outside washington, d.c. >> takes a lot,. they were down 4.9% in january to december. let's bring in laura leaven, larry levin, i am sorry, from the cme. there is no traction there. it just feels like a b this is a new paradigm.
>> there is no question about that charles. certainly, we are doing some building. just like you said, nobody wants to own. they want to rent. they want to stay in one place for a year. it is certainly quite a bit different. there was really a lack of inventory. we will get new home sales tomorrow. i totally agree with you. a new era as far as people wanting to own a new home. >> brenda close up fort team. how do you ever raise 10% 20% down. >> the opposite of what you and i were taught as kids. save our money.
be able to buy a home. build some equity in that home. whether that, how that will play out pretty good fit to be seen. charles: larry, thanks a lot. appreciate it. >> lawmakers are returning from a 10 day recess. congress must find a way to find the department of homeland security by friday. no progress on any deal. the executive action on immigration. some including house speaker john boehner have warned they may be willing to shut down as a result. the senate will vote later today. president obama has promised to appeal any ruling against his
executive action. millions of undocumented immigrants from deportation. the president is also expected to veto construction of the keystone xl pipeline. neither got a wide enough margin to override a veto. it would be the third veto the president has enacted since he took office six years ago. charles: here is a lineup for the rest of the year. stop eating so much meat. it is bad for the environment. you will not want to miss this. custom-made stuffed animals that look exactly like your pet. that is up at 1245. the boxing gloves. hitting the auction block over the weekend.
peel. take a look at state should. unsound economics. wow. 24-year-old ran the race under a cautionary advisories. jeff gordon led the pack for most of the race. final daytona 500 for him. he announced his retirement earlier this year. the federal advisory panel seems to think so. evidence indicates that in general, a dietary pattern could lower animal face foods.
let's bring in. you have poked holes in this one. is it really ruining the environment? >> certainly it has an impact on the environment. what are the costs of policies that people are pursuing. i think it misses a lot of important contacts. it only accounts for 10% of the greenhouse gas emissions. if you look at the data, there are fewer cows in the united states today than there were in the 1950s. i think there is a lot of context missing from this report.
>> is was an oxford study. it could be double or triple the global warming impact. you are right that the beef consumption is down 36%. i think, really, the issue is global eating is going up. that is where the focus i think needs to be. >> i think that is true. the people in developing countries have been poor. one of the first things they want to do when they get a little more money is put meat in their diet. we are biologically programmed to want this in our diet. it is nutrient packed. if you look at the data in the united states, our meat production is much more
efficient than it is in other parts of the world. really, if we want to reduce the environmental impact, we want to use science and tech g to help us produce this in a more sustainable way. they do not do that and a lot of parts of the world. >> it feels like america has been moving in the right direction. we are demanding of the rest of the world, to not have the great meets that we have enjoyed for a long time. how do we preach these things to the rest of the world? >> there is sort of a cause of friction involved. it is good for me, but not for you. we want to have people have options and choices.
we want to think about the environment and environmental impacts. sometimes, meat is more expensive. we are being told we are using resources to produce this meet. we want to use those market signals we get in order to choose what we get. it is one that has continuously try to respond to consumer demand. it has brought prices down. that is an attempt by the market to put pressure on these industries to be more efficient. >> overall, do you feel that this is an environmentalist movement? every day i open a newspaper, i should be guilty for something. every second of my life is guilt ridden because i am killing the
planet. >> what we really want to do is look at whether the choices we are making will have the kind of impacts we are told. yes, we want to worry about the environment. i think that is the trouble with a lot of these policies. the same committee that 20 years ago told us we should be eating less fat. i am not saying they aren't necessarily the reason we have high obesity rates today, but you have to take into account that there are difficult trade-offs here. i just not think the available evidence today can be used in a way it is being used now. charles: we appreciate you bringing this to the
conversation. i am more willing to say okay what can i do? professor, thanks a lot. i really appreciate it. up next, boxing gloves that were worn in this iconic photo. you know that picture. we had them on the set last week. we will give you the price tag next. >> confiscated the close after the fight. >> the boxing commissioner took the gloves. held onto them for 40 years. ♪
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he's out there. there's a guy out there whose making a name for himself in a sport where your name and maybe a number are what define you. somewhere in that pack is a driver that can intimidate the intimidator. a guy that can take the king 7 and make it 8. heck. maybe even 9. make no mistake about it. they're out there. i guarantee it. welcome to the nascar xfinity series. ♪ ♪ i'm almost done. [ male announcer
] now you can pay your bill... ♪ ♪ ...manage your appointments... [ dog barks ] ...and check your connection status... ♪ ♪ ...anytime, anywhere. ♪ ♪ [ dog growls ] ♪ ♪ oh. so you're protesting? ♪ ♪ okay. [ male announcer ] introducing xfinity my account. available on any device. charles: we have some stories from my favors for your. the boxing world. we all remember this scene of mohammed ali. though gloves worn by both boxers went off for auction this weekend. final sale price $956,000. the buyer remaining anonymous.
finally ready to square it off here. they will pull in some big-time money with pay-per-view. i am having the hundred people at my house at least, to watch this thing. >> this will be a great event. you are right. mayweather is the world's highest-paid athlete. he is number one. it is all about the pay-per-view. he strips about 100 million. $816 million pay-per-view revenue for a mayweather fight. charles: maybe 120 william dollars. here is what he has done that i think is brilliant. he has been able to market himself as a villain.
he is okay with that. maybe three years too late. >> i think that sugar ray was a little bit late. it was an amazing fight still. >> a five-year hesitation on the moneyman. charles: he will bring it. somebody people simply want to see mayweather get opt out. there are a lot of question marks. maybe go off that killer instinct. we will see. i love chris. he still has it. there's no doubt about it. >> there is a lot of things -- >> the guy went up like five weight classes and is still
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as the board. right now holding above 18,000. not having a sloppy station apple stop. everyone putting their chips on apple. i do have a scary number for you. 4% of americans say they are only one day bill away from financial disaster. >> it is worse. i think it is evidence that the big bank bailout mentality has not worked and continues not to work.
at the expense of the american people. charles: we should be paying attention to this for the future. manual labor, and you can work at a factory assembly line, and make really good money. are we in a situation where we will just have such a large permanent underclass? >> that is a question i think the jury is still out on. it is at its lowest, i think, in 11 years. it is 1.7 million. it concerns me a lot. >> we keep getting all kinds of other data. they show overall things are finally getting better.
this recovery is maybe four or five years behind where it normally would be. >> short. that is always the story. i think millions of middle-class americans have been sold down the river. the law of unintended consequences at its finest. this is an american issue. i think our leaders need to come to grips with the problem here. >> none of that has reached mainstream, for the most part. i want to get something you said that piqued my interest. a couple of big names coming out this week. make your case. >> lower prices in the a lot will come into consumer prices
and that stuff will reach the cash register. four in 10 americans are one financial paycheck away from ruin. the numbers will tell you that companies are still becoming more efficient. if it is topline growth, that will tell you that they retail wallet is opening. >> last week, when you get the bj's restaurant up like eight bucks on thursday or friday, walmart, best same-store sales in years, it feels like on a lower level people are taking some of that gas savings. >> there is still a disconnect. the money seems to be falling into the restaurant. seems to be falling into clothing.
i am not seeing it flow into capital goods. a house is a capital good for most americans. it is a good sign. >> hopefully, we will have some of those questions answered this week. a genetic testing company just received fda approval. the cyber guy is here. you actually did this test yourself? >> i did. 2007. stop, stop stop. you do not have authorization to do this. we consider this a medical device. i have that kind of health information that they are not allowed to offer people today. big news for this company that has really been duking it out with the fda for a number of
years trying to get some kind of approval. >> it is a big company and they are well-funded. if you do not mind why don't you take the test and share some results with us. >> right here, we have the main screen. this, essentially, will show you my aunt the street. they can tell where my mother came from. where my father came from. they will also give you the health related stocks. this is the ancestry map. here is a key right here. i am mostly, from my father's side european. there is an unidentified 1%. it is still a possibility. my mother is the mud of the family. that bodes well for me healthwise.
charles: a disease that is prevalent in my family line or my ancestry. maybe i want to take action to avoid it. >> this is on the health risk side of the information that you get here. this says that i have a real higher propensity for heart attack, as well as prostate cancer. three people in my family have already been diagnosed with prostate cancer. what can i do? there is something that i can do about that. i can do whatever it takes to avoid a heart attack. i can monitor it more closely. a laundry list of things i have not a lot and i keep them locked because i do not want to know about alzheimer's right now. i do not want to know about others and i have no control
over. there is controversy that it can create a hypochondria scenario for a lot of people. what is this data, at some point get in the control of an insurance company. >> this tells you where your ancestors are from. where you can expect to have possibility of these kinds of diseases. what is the accuracy rate? >> it is still debatable. this is barely a conservative look at it. it is pretty well grounded. it gets down to how much they believe in the particular study that is yielding the information . i did act on one of them. i went to my eye doctor and said it says this. we will take a picture of your
eye right now and store it as a baseline so later in life, we will see if that is true or not. >> i think that it is absolutely fascinating. >> the cofounder of google's wife. 3.7 million at the onset of the company. there is some very, very clear lines between how google has started as a company that was hey, we are the good guys. it turned out, they are the largest data clearinghouse. the same holds true for this. your data is now with this company by which you surrendered a lot of your rights to. charles: i think that it is a fantastic deal. they are called cuddle clones.
♪ nicole: i have your fox business brief. down arrows across the board. right near record highs. the dow is down 53 points. the nasdaq composite also down four and a half points. commodities have been under pressure. take a look at some of the stocks. you can feed names down 4%. you can see down arrows as oil is 4926. we are also seeing a big pharma deal. this is for gastrointestinal drugs. $200 a share. much more on fox business coming up.
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cofounder of paypal. charles, these are taking on respect if we use. thinking and eventually, insurance. we will be speaking with him about being a founder. also, an investor. immigration is a very hot topic. of dates from the white house. we will also be talking about the issues here from silicon valley. 3 million jobs could be created by 2020. we will have the head sitting with us talking about that issue. last, but not least, we will be sitting with the cofounder of kickstarter numerous others.
after the show, we are headed to google. in the meantime, charles, back to you. >> that will be exciting. we cannot wait to watch it. they take a photograph of your pet and make it into a custom stuffed animal. they actually got a new one. jennifer graham joins us right now. i saw this thing floating around on twitter. i was amazed right out of the gate. my wife wants to stuff our dog. it has to be cheaper. how does it work? >> you visit our website. first, if you want to get a good idea on the product, you can visit our photo gallery.
once you are ready, you order and upload a bunch of pictures. you tell us if you wanted to be sitting, standing, lying down. you tell us any special notes. that is all you have to do. charles: what is the weight time? >> we had two extended due to the extreme amount of traffic we had. right now, you are looking at six-eight months. fifteen people love their pet. >> date due. we get thank you letters a lot of times. we love getting pictures of the plants next to their cuddle clones. >> what are some of the funniest things that you have heard that your customers have done with their cuddle clones?
>> a little more common than you may think. we have had some people send us actual for from their beloved past away pet. also, let's see we have had some interesting animal request. we did a fair body with a giraffe had one time. we do not just do pets. we can pretty much clone any kind of animal creation you could come up with. i do think some cuddle clones hats have been part of a wedding for sure. >> we always have the debate here a two has the cutest pet anyway. those are my three dogs. the oldest, my lo, has to have all of his teeth removed this week.
>> a mumble clone because he has no teeth. >> it depends. [laughter] charles: you think i am joking. the wife really wants to get this dog stuffed after this. where do you see the business going? it seems to be more than a novelty. >> we have. plants. our goal, originally was to produce one-of-a-kind stuffed animals. we are really trying to find a way to efficiently scale of the business. we have several more products that are on the horizon that involve reedy things of your pet. 3d printed sandstone figurines in that type of thing. we kind of want to stay in the 3d space.
>> graduated relations with all of your success. it is a great idea. we appreciate you spending time. thanks a lot. last week, the shares of 3d systems were lower. they have been down significantly. they welcome back to follow-up next. >> that company makes machines. little figurines. little jewelry. it is really a glorified play-doh factory. ♪ help northern china reduce its reliance on coal fire heating plants and prevent 60 million tons of co2 emissions? when emerson takes up the challenge it's never been done before simply becomes consider it solved. emerson.
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>> checking the share price of 3d systems. a real rough go of it lately. a quarter of five play-doh factory. something of a vague rate. it's as calm down a lot since you talked about it. i still disagree with the respect that they are a glorified play-doh factory. do you think that stocks go lower from here? >> i think it does go lower.
it is still overvalued. charles: it is more play-doh. >> some of the things we were talking about was a little gimmicky. these small companies in the field are not necessarily going to be the winners. >> i remember when green mountain was coming up and everyone said starbucks would make a product that eats them with this company. the earnings out thursday. >> they are. trading about 30 times estimated earnings. the estimates always proved wrong. most times, they disappoint. >> can you 3d plant leg goes? there might be copyright issues for that. i am just teasing.
>> 25% or so to go. the iphone six is on fire. 6 s will be out before we know it. charles: the halo effect. maybe the pcs. maybe the tablets. even though the watch won't live up to all the hype, it will not have all the bells and whistles. >> no, but it could add some to the company. >> nasdaq hitting all-time highs this week. does that scare you? >> no. the companies have earnings this time. charles: thanks a lot. more varney after this. ♪
appeasement. it's certainly the case in the negotiations with iran. i don't know how he thinks he's actually going to back off the terrorists, but i think the president very uncomfortable with the deployment of american power. i think he thinks we're part of the problem in the world that we're too strong too assertive too successful. charles: that was ambassador john bolton, former u.s. ambassador to the u.n. critical of president obama's handling of terrorism. susan says this about crowd sourcing, flow chat which we asked citizens to help combat extremism, it is our job, and the goth wants to disarm -- government wants to disarm every citizen. what do we do when we find an extremely violent situation in our neighborhoods, throw rocks? and stu says this about oscar speeches, i love hollywood's lectures as they collect their $160,000 gift bags. [laughter] great stuff. hey, catch me tonight, i'm going to teach you how to fund your 401(k). for right now, deirdre bolton with a special edition of risk
and reward live from san francisco. deirdre: it's the heart and soul of the tech industry. the giants established it x the multibillion dollar start-ups are fueling it. san francisco. the city that captured nearly half of all u.s. venture capital dollars last quarter. ♪ ♪ >> love from san francisco -- live from san francisco, this is "risk and reward: ventures in the valley," with deirdre bolton. ♪ ♪ deirdre: well welcome. as you can see, we are doing "risk and reward" on the road here just i under the golden gate bridge. i am very pleased to welcome my first guest, you know him as the co-founder of paypal, the founder of a firm, the founder of glow, he is a serial entrepreneur, a serial investor, max elevennen right here with a t-shirt making me look a little bit wimpy, i have to say, because i came from new york where it's freezing and