tv Varney Company FOX Business June 4, 2015 9:00am-12:01pm EDT
dagen: it's something that a drug will only treat and not a man. sandra: oh boy, i'm out. maria: and great show today. thank you for being with us we'll see you tomorrow same time same place, stuart how are you going to beat this conversation? >> i don't know, how on earth do i follow that? >> we're done. stuart: here is what i've got. can you believe this half the people cannot lay their hands on $400 cash at short notice they can't do it. good morning everyone. now it's not some outlier group saying that it's the federal reserve. 47% would have to borrow from friends sell something or hit the pawn shop to get the money, that's after six years of recovery? not a good legacy for the president. now look at this interest rates moving up and fast. that's not good for the economy and wall street's not too keen on it either. try this ask the kids. do they watch tv on a tv?
probably not. it's phones for them. and a development today that keeps that trend going. dish wants t-mobile. they want to put more tv stuff on phones. that's how i watch tv sometimes. "varney & company" is about to begin. ♪ ♪ oh baby baby it's a wild world ♪ ♪ it's hard to get by ♪ >> i didn't know that we were going to run a cat stevens piece of music. i was not aware of this. . ashley: you said i think it goes by now. stuart: okay. let's move-- oh, it's indeed a wild world, one in which "varney & company" goes for three full hours and day four is underway let's go! we have some of the biggest names on the show today.
try this congressman scott garrett on the untrackable dark net now used by isis. megyn kelly on her big interview with the duggars and greg gutfeld, you have no clue what he's going to say on television, but he's on the show today. we'll talk to the ceo called washio. you hate laundry? they do it for you. it's an app, a laundry service if you've got the money. ashley webster here a gutten for punishment all three hours. and want to know why your money is down today? look at this. we're showing you the base interest rate the benchmark interest rate for america. the treasury's 10-year yield, 2.35%. it's gone straight up and that's one of the big reasons the market will open straight down in about 28 minutes. time a take a look at this please.
of 50,000 surveyed more than half can't have a $400 emergency. they have to borrow from family, get a pay day or a pawn shop loan 47%, that's a shock to me. >> that's an incredible number and a frightening one. i'm a favor, i've been a saver all my life and i save money and i still do. that number nearly-- households don't have enough to meet a $400 obligation that tells me that we are still not a nation of savers, but tells me that the great recession that started in '07 and '08 had a profound impact where you have so much of the population that's not working full-time. people who want work cannot get it and dropped out of the labor force, they are he a down to itliterally literally. stuart: why save for a rainy
day if the government gives you everything from food to housing. and the survey said that one third of the people don't go to a doctor because they can't afford it. ashley: that's obamacare. what's more disturbing about this. the growing number of middle class and upper middle class people asking for help. which, of course is a dangerous sign for the economy overall. stuart: who. ashley: when upper middle class, the families and households looking for financial help. stuart: last word. >> i was in france a couple of weeks ago and i have a number of french tell me look after decades of socialism this is what happens, they take away the incentive to work hard the government safety net is there for them no matter what. people aren't starting businesses, they don't save money and this is the road we're going down here in the u.s. stuart: 9:04 eastern time. 6:04 in california. hope you're up and have got the coffee going. we usually don't show bid-ask boards, but t-mobile in talks
to merge with dish. both stocks are opening higher. ashley i think this is about moving television from a box. ashley: exactly right. stuart: in your living room to-- >> into your little-- how many people and i take the commuter train in in and out of new york city a lot of people watching tv and everything on the little screens, of course on tablets as well. it's all about mobile. it makes sense for them to get together. stuart: none of my kids or grandkids watch television on a set top box, a box, the traditional. and dish wants to put its content on t-mobile's phone system. that's-- >> it's the futures. subsequent generations to us are trained to watch pictures on the little screens. it makes us crazy, we like the big big screens. stuart: i used to think how can you watch a movie on a little screen like this? we can and we do. the dark web, we can't see it and we can't track it.
listen to this. >> well these companies build their business model around end to end encryption. there's no ability currently for us to see that. so if we intercept the communication all we see is encrypted communication. stuart: that's the fbi. we can't read what isis is putting around. isis is using it to people trying to increase acts of terror. >> i think that this makes the nsa issue moot. >> isis is doing what whatever enemy of the united states has done in the course of history, find ways around technology and destroy them before they can stroi us. they're in a long line of enemies that have done this. the whole debate of the nsa and wire tapping and it may be beside the point. i find a staggering our technology agencies haven't figured out a way to deencrypt.
in france i saw an emig na machine machine-- enigma enigma machine and how they broke the code. stuart: if you're in the intelligence agency we're-- you'd say we can't read that. >> leaves the enemy is working on another way to getting around it because they know we're on to them. stuart: we've got a lot of stories today. how about lauren with the headlines. some are fun. happy hour at taco bell. a restaurant in chicago will serve beer wine and mixed drinks, it will inside the restaurant and a new cup will distinguish between the alcohol and nonalcohol beverages. it's a cool open environment at the scores and why they have
the brick walls, the communal tables and basically the idea is to attract more millennials. stuart: that's a taco bell? >> it doesn't look like an a taco bell to me. >> it looks like a basement bar. ashley: it does. >> you're going to go there. so much for the trend toward healthy. 61% of the buy we buy from the food star is highly processed. that comes from the american jounl of nutrition. and the average americans serves more than a thousand calories each day. to be clear, items like pasturized yogurt and frozen vegetables are considered processed, but still. and then you have william shatner and new set of wheels. how cool are they? it's a three-wheeled silver studded bike called the rivet motorcycle and he's going to use it to go on a cross-country mission to raise awareness.
stuart: i don't know i'm not-- >> sitting so low to the ground and he's 84. stuart: is he really? 84? are you kidding? >> can you believe it? he's 84. ashley: 84 years old. you have got to be kidding me. >> coming up with the right answer. come on ashley. >> i'd guess more like 64. stuart: i can't hear a word. ashley: he's 84. >> he's 84. ashley: he's also canadian. stuart: ands' also probably a billionaire. have we fixed his age yet. ashley: 84. >> 84. stuart: fantastic. all right. i do have to move along, ladies and gentlemen, i'm sorry. former texas governor rick perry announced today he's making another bid for the white house and that will happen at 11:30 a.m. in dallas. jeb bush will formally announce his presidential run next monday, that will happen in
miami. the republican field getting real crowded. according to the fox news poll. florida governor jeb bush and scott walker have 12%. neuro surgeon ben carson 11% and rand paul 9%. there will be two dozen in the running. >> the field is a hot mess because there are so many running. i think more voices in there and you'll see them early on and a challenge for fox news and others who want to hold debates. we've set our goals the top ten will be on and other networks will have their own rules. and i think they'll all eventually washingout except for the top tier because of resources. it's all about raising money. and you didn't mention ted cru who raised 40 million between the super pacs and straight up donations and they'll be competitive through iowa
carolina. and will wash out. >> 9% for rand paul even with the splash he made-- >> a tea party favorite 22% like scott walker who hasn't announced yet. tea party loves scott walker 22% followed by cruz at 17%, carson at 12. . don't forget about marco rubio also in the top tier. stuart: thank you. president obama says america is the most respected nation and now he's hinting, we hear at statehood for palestine. ink mo what do you make of that? statehood for palestine. >> in israeli media he was talking and hunting, not a surprise. stuart: also coming up the future of entertainment stream being on demand binge watches. show time a la carte. we've got it all for you in a minute. ♪ upside down boy you turn me
he's holding it out as a threat over benjamin netanyahu's head. he was against statehood when he was running and reversed that position. i think that obama by putting the screws to him here and saying this kind of thing it will motivate netanyahu to go back to the table with the palestinians and it will have the opposite effect. and-- >> that's a significant development in american-israel relations and it just happened. >> not for the good. stuart: not for the good. okay. i want to change tact for a second and go to streaming. we think that that's where everything is going. you know streaming live events of various kinds, sport or music. look who is here he's back glutton for punishment keith is back. >> good morning to you. stuart: for everybody's benefit let's be clear here. you stream via cable, not necessarily via this thing. you stream live music events correct? >> correct, but we have concerts and things like that
also on the web as well. which is traditional streaming. stuart: streaming is your business? >> our business is producing content that's what this is about. stuart: your watch your content free you're not going to charge you? >> well the cable charges the same as you're watching here now. stuart: why did you go the streaming route? everybody else is doing this. yahoo! is streaming a nfl game and there's all kinds of examples where streaming is taking over. why did you choose this several years ago? >> well where we are right now, we want to provide access to young people. young people watch their content through devices or whatever is available to them. they're not afraid of the internet and a lot of times not going through the traditional cable medium. it's important to use the new things developed to reach them. stuart: can i watch your live streaming on a tv box as well as one of these? >> absolutely. stuart: i can? >> yeah. stuart: i can take my pick?
>> yeah. stuart: i can stream my live music. >> help me. >> concert. >> the difference between streaming and traditional cable is you're going mainly over the internet. ashley: aren't millennials cutting the cord now? is there a need for cable? isn't that going away? everyone wants internet access. >> i think there will always be a need for cable and cable companies are not luddites they're doing everything to get their internet packages solid so they're working on content. ashley: does that trend worry you cutting the cord? >> it's not cutting the cord. there are some young people that are not getting cable at all. they're using the over the top things, so cable companies intelligently have responded by coming up with skinny packages and come up with different ways to provide content. stuart: do you remember the big fight manny pacquiao remember that? periscope streamed that live.
>> yeah. stuart: periscope could stream a live music concert like you're streaming, they could compete with you. >> i think that's-- >> that's a grudging acceptance. >> no it's an acceptance of the advance of technology. you had great technologies coming along-- >> they're being sued for that didn't have the right to show the fight, it's a legal issue. stuart: do you have the exclusive rights to a particular music concert? >> depends on the artist. sometimes you have the rights to different piece. we did a concert with sean puff daddy combs and that was wonderful, but to be able to go ahead and get certain concerts you have to work with the providers. stuart: are you profitable? >> we're working on it. [laughter] we're growing, stuart give us a break we just got started here. [laughter] . stuart: keith, revolt thank
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liberty mutual insurance. >> caitlyn jenner about to be worth $500 million. sandra smith is here. now bruce was worth 100 million. caitlyn, we say, reportedly is going to be worth 500 million. where does the extra money come from. sandra: it's not hard to believe. there's already reportedly a $10 million book deal on the table and mac cosmetics, a publicly traded company already wants her and the reality television show. i mean the sponsorships the advertising abilities are endless. stuart: that's a projected half billion dollars in the future. that's earning potential. that seems like an awful lot of money to me to be honest with
you. sandra: look what happened the second that caitlyn went on twitter over two million followers within four minutes, that's insane amount of followers. stuart: it's an incredible moneymaker and i'm not suggesting this happened because she want today make money, but it's an extraordinary moneymaker a half billion dollar. sandra: and putting herself on the cover of "vanity fair" magazine, she's willing to. stuart: moving on. the obama economy, 47% of you would have to borrow money to cover an unexpected $400 bill. the market opens momentarily and we'll take you there.
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>> teach me how to be a goalie. are you a dancer? >> area go. that works. >> hands. like volleyball. come on. right in the moneymaker. i don't even know what that means. here we go. stuart: dallas kennedy with tim howard do a soccer goalie who is the secretary of defense during the world cup last month.
kennedy doesn't know that much about being a goalie does she? she knows more about soccer than i do about football. i'll give you that one. >> her daughter's name is pele. sure into the opening bell joined by sandra smith, larry levin in chicago. the bell has rung, by the way. trading has started. you first. why are we down? we might be done might be down as much as 70, 80 90-point. why are we down? >> eggs are having me on. first there are concerns about the talks increase that is failed. more importantly the reason we are down is mario draghi was quoted this morning talking
about more volatility for the market specifically the bond markets. stuart: are we jumping to the european ban? ashley: we are. the big day tomorrow. they've got to pay the imf $300 million. are they going to do it? probably not. sandra: tsipras says there's no he will make on reforms. >> either greece default for the party will fall apart. they have to have free elections. stuart: i'll take your word for it. 61 points lower. sandra: did you not see the european markets were down? stuart: we have got dish and t-mobile on the screen. they want to merge. we have to go back to this because this is all about -- putting its content tv shows
for example maybe some sports onto your phone. sandra: i heard you say it earlier in the hour. this is the way we change the way we view and consume media. these companies have a responsibility and obligation to shareholders to be on top of it and on the cutting edge. ashley: there's so much going on i can see prices going up. stuart: everybody switching to the phone. they look at everything on the phone. i want to get in another reason why your money is down today. the dow was down 84. look at this. the 10 year treasury yield. data strata appeared come on man, larry levin in chicago. what rates? >> there's no questionat is that the sudden rise in interest rates? >> there's no question the fed will step in and do some weather is busy or not. that is the issue. you see the market drop dossue. you see the market drop down.
all of those things combined push interest rates higher. 3% as the big number. we've been near 3% and that is really the number i would watch. i think it's got a little ways to go before it really gets worrisome. sometimes it gets worse on the top is before you know it. stuart: you are killing me here. the and grease and i've got to go on the air with that? sandra: every single stock you own mr. microsoft, will or will not deal with interest rate policy. they have metal in your business to a point when you are microsoft you don't own the management and fundamentals. stuart: i'm getting a lecture here. stuart: where is the buzzer? i want to hear it now.
look at netflix. has that been a winner. a huge winner recently. remember street name is king. they've got the infrastructure. they've got the content. come on back. we are not done with you yet. would you buy netflix at 619? >> the answer is no i would not. re: broken out of a huge consolidation range. we have reached what we think is a measured object days. evaluation on it seems really good to us. >> i've got one question for you before we let it go. if tomorrow morning we are on the show at 9:30 eastern time and the greeks have not paid, how far down does the market go? >> you know, a lot of it is priced in. i think it will be a relief to the market and investors that
we've sold off ahead of time and we now understand the facts of what is happening. it is not a little bit but not as much as what people price into it. stuart: let me go to oil sitting below $60 a barrel. 59 to be precise. the opec meeting comes tomorrow. larry there is supposed to be oil, market. i've been expecting it to go way down. what's my chances? >> it could go back down. i know you're scared me a hard time selling oil is a great trade. it might take three or four months to get there but it will save between 60 and 45. >> goldman sachs has the option market shows a dangerous level of complacency ahead of the big opec meeting.
talk about things priced in and priced in. it is not priced in. stuart: tell me again. the imf says the fed should delay its rate increase until the first half 2016. the market went down straight down. now we are down 110 points. the imf says hey federal reserve guys, these are your people, to lay the rate increase until the first half of next year. sandra: by the way that is when the first rate hike will take place. now it's moving. stuart: you are all killing me. the federal reserve, imf who knows what else. let me move on. apple wants you to control your home from your phone. the call on the floor of the exchange. >> i know you will be having it
displays. i am wearing a watch here on the floor of the new york stock exchange. i think you can actually use your ipod and watch to control your temperature light and it's now in nine more countries available in stores on the 26th. they get rid of the backlog shipping them out and do better with the supply. the stock is down but it has been a winner this year. only one gentleman on the whole floor of the stock exchange has one of these. stuart: apple will write you control your home, the lights and shades only from the watch? what about the apple phone? >> a watch the ipod, a multitude of things. the home kit and i believe they will be doing a demo later. i look forward to that. i ordered this watch for my husband in middle of april and it's arriving today. stuart: more on this in just a moment. look at facebook.
here's an interesting number. facebook makes about 20 cents per user per month. if you can take your head out of that apple mind. sandra: am i being punished? yes. you haven't got the buzzer yet but it coming. per user per month. minuscule amount. transferred sandra: the reason this sounds like a pitiful song is the average facebook user every month and that's all you can make off with it? stuart: who cares if you have a billion users. 800 active users times 20 cents per month. sandra: all the social media platforms are looking for how they could monetize the future is better than they are now.
the profit margins are so small. the problem is users pay for it. don't take our information on it what it to other companies. this is rare form today. stuart: by the way look at this. subway the sandwich shop or the latest company to say they will drop all artificial ingredients, colors flavors, preservatives by 2017. are we sure didn't simmered stock? ashley: no we are not. this is jumping on the bandwagon. the small guys taken in the big guys then we have the natural ingredient and now we will jump in. sandra: makes you wonder what you're been eating. stuart: a few artificial flavors, preservatives.
sandra: i agree completely. but now you'll probably die a lot of really bad.let us in your sandwich. stuart: stop it. have we booked you for tomorrow? look at yahoo! teaming up with the nfl to live stream the first game of the season from one and this fall. i think this looks like it's higher. sandra: come on. she wants you to think it is. stuart: the worst game. a relevant. they've got exclusive rights that you can only see a period sandra: they paid $20 million for it. ashley: don't make a profit. stuart: come to us. we get the money back for katie couric salary. look at this. look at the big word for a
second. we were down 110. now we are down 66. you are all about qe three. maybe pushback and listen to the imf. look what else we've got for you. don't miss this. megyn kelly on this program, 1043 exclusive on her interview with the dodgers. we will play you the cliffs. sandra: very good. stuart: i've got to do some more. control your home security on your iphone. they want to control the phone with your apple watch. how easy would it be to do this with someone like me. sandra: you have like five homes. stuart: four. ♪
stuart: dow jones industrial down 65 points as we speak. we were down 110. then the imf comes along and says you federal reserve in america, don't raise rates until the first half of next year. we were down 110. now we are down 71. interest rate spread to 35. now we are at 233. then we have apple announcing five new products that let mr. apple device. iphone, ipod to tap into your home. i want more details. would we bring in for that? let's see if i've got this right. the introduce five new products. what is it called?
using this home kit i will deal to raise the shades in my house turn the lights on and off. >> this is absolutely correct. stuart: will it be easy for someone like me to use? >> you better be. that is the goal. products from other manufacturers. it does something very similar. there is a lot of stuff in what we call internet space. what is unique as they are very well known for being user friendly. you'll be able to use it with theory. they turn on the lights in the bedroom and surrey will turn the rights of the bedroom. stuart: okay. i understand what is going on here. we use computing power in all aspects of life. sometimes remote computing power. i feel people like myself and even ashley webster have been
dragged along with the crowd. youngsters are dragging us along with it. do what i need to open the drapes in my house remotely? >> you may not need to, but you may want to.i absolutely don't want to. >> wouldn't it be easier to talk to it as a raise lower. stuart: until it goes wrong. >> what about security? as someone else start messing? >> that is one of the fears. the good thing is that on an encrypted network that only exist between the devices. it is not accessible to the outside public. make sure you have good passwords and what not. they are going to great lengths to make sure this is an encrypted device network. stuart: you think this is good? you think it will work?
>> i do. i can teach my mom to use the remote control we can teach you to upper and lower the shades. stuart: okay now what about apple tv? i have a real problem. i travel a lot go to hotels. i have a hard time turning on the tv to watch fox news or fox business. i have a very hard time. where is apple with the on where is apple with the one remote you click and get what i want. >> it's not just you. you shouldn't feel bad. they make it difficult by choice. what input do i select? apple does make it easy to control things with the remote control on your phone. but that's an area they can move
into. stuart: i go to a department store. in the old days you would say i want this please. give them cash and say thank you inuit go. nowadays you've got to give them your credit card. they've got to punch it on the computer. it takes forever and they don't know what they're doing and it takes a long time. >> just pay with the watch. stuart: i don't think it works for a lot of people. i think we've gone backwards, not forward. i am rotten for your business. but i know what you are saying. you have the geewhiz are, but is it helping our life. >> that is the real challenge with these things. at the home kit is going to work, you can have a remote that says watch tv and when you press the button and turned on your tv lower the lives made the sound go and go directly to fox business.
would you like that? that's the type of future were trying to get to. stuart: so if i had this and i said turn the tv on -- tv on watch fox business. you know, there it happens. >> eventually we would get to the point. that is what they are working on tour going towards. christina warren, you always good at this. thank you indeed. the government mistakenly ships live in rocks -- anthrax. here's the question we will answer. how on earth did this happen?
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at see car insurance in a whole new light. liberty mutual insurance. stuart: apple, facebook microsoft. technology startups are full of people who dropped out of college or didn't go in the first place. here's the question. what is it that makes them so good at tech? i tech? a notch partner who didn't even bother going to college and is worth a lot of money. coming up in a few minutes. i want to get to the anthrax story. an army facility sent by the anthrax to as many as many as 56 labs in three countries where they were supposed to be dead. take me through this.
>> based on the sample is into chemical wea the sample is into chemical weapons. they are supposed to put these spores through radiation. basically deactivate this board makes them safe. five patches for now. they are contained in sealed files about a fifth of a teaspoon. that is how much is in each bio. it can do a lot of damage as we know. if people contract is come in contact and are not treated they will die. the next question is so our people at risk? they've gone through facilities. 31 people now for potential exposure to play it safe. there's other normal shipping companies. that is very normal for them to do it. they also send out samples at
hiv other potentially dangerous inhabited to human health bacteria. someone somewhere in the facility for god and they are not sure how because they believe the number of life anthrax cases is going to expand. they can't get their heads around how much is gone now. stuart: the original mistake was they were not deactivated spores. they relied spores. ashley: was testing someone else. this is the last. i wonder what fedex thinks about this. they have to be informed. ashley: it seems bizarre that fedex has been used to ship anthrax. stuart: canada, south korea. it is gone international. i suspect changes coming. isis is communicating on social media cannot read their
messages. coming up new at 10:00. doesn't that make a phone record-keeping problem a moot point? also megyn kelly will call us to talk about her big interview with the duggars. why is the left so hostile towards the duggars. more coming up on i about three minutes away. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. the world is filled with air. but for people with copd sometimes breathing air can be difficult. if you have copd, ask your doctor about once-daily anoro ellipta.
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♪ ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. >> what's new this hour? i'll tell you, isis hiding out on the dark side of the internet and officials say we can't track them. senator rand paul appealing to the millennial generation with the fight against the nsa, but did not do him any good in the polls. we'll talk with megyn kelly after her exclusive interview with the duggars, why is america so fascinated with them? the second hour of "varney & company" starts right now. ♪
where are we? we're a half hour into the trading session, this thursday lunchtime. we had been down more than that and along game the imf and the federal reserve should wait until next year to start raising interest rates and that puts some background backbone into the market and we're only down 47. interest rates started out at a high this morning, and then they started to come down. look where we are now. 2.31 is on the treasury the benchmark interest rates in america. t-mobile in talks to merge with dish network. both are moving higher and that represents a big change in the entertainment business putting more tv out of tv's and into your phone. we're on it. our big story this hour u.s. officials warning there is no way to monitor isis' on-line encrypted communication, this is new, they're using the dark web.
there is a movie called the deep web. alex explains it. >> an appears in a the private and anonymous area of the the dark net. it was created mostly by government agencies in order to have private and anonymous communications, used by dissidents and all kinds of people. it was primarily used for drug trance as. stuart: so the dark net, you can't look at it you can't follow it you can't read somebody else's dark net communications. congressman scott garrett joins us now. congressman all the uproar over the nsa keeping phone records and bulk data. that seems to be a moot point because the terrorists have leaped the phone record thing and gone sort of to this dark net thing. >> i heard your description of it being a moot point.
i believe it's apropos although someone here from the nsa would say true they're going to leapfrog in many cases, but in many other cases they're going to continue to use what is the easiest, which is the general internet and general telephones and that sort of thing, in a lot of cases, and that's why nsa made the case that using the technology like the collection system is important to them. we push back on that of course. >> true, look the fbi was in front of congress yesterday saying there is this thing called the dark net. we can't track it it's dark can't have a look at it. that seems to me to be a big concern. the terrorists have moved on to something as sophisticated as that, that's extraordinary. >> it is. i mean it's extraordinary, but maybe in this day of technology not unexpected. look, bad guys are always going to try to be operate in secret no matter whether it's in the
21st skenry or the 19th century. they'll try to find places to meet without the police. the question is what is the government's responsibility in response to this and i would suggest that it's not to say that we should require tech companies to have so-called back door avenues for our government to be able to peer into because you know the bad guys, again, are not going to use the legitimate companies that we have the back doors into. they're going to continue to use the dark avenues, dark venues, companies that do not have the back door. stuart: are you saying you're on the rand paul side of this argument? you don't want the government looking at us is that it? >> i've always been on the side of the citizens and our privacy rights to make sure that's 0 your constitution and fourth american rights are protected, that the government cannot reach in these areas.
when the government tries to overreach, who are they affecting the good guys you and i, not doing anything wrong and the bad guys are going to find other ways around it. >> it's a powerful argument. how do we know that our government isn't saying hey, look, we can't read this dark net. we can't follow it or track it? >> all the while they can. i mean there is that argument to be made. >> oh it is. i mean and that's why over the last weeks, months and years now, that so many of these venues our government engaged in that apparently congress hasn't been doing enough oversight on and the administration has not been forth coming and those from the intelligence community have in certain cases know the been forth coming enough when they are before congress has opened and shined the light of day on what our government is doing and just means, was it franklin who said that we require constant vigilance in protecting our liberties. stuart: yes, we do. you are my congressman and
you're going to keep me safe you know that? >> i'll do everything possible to make sure that you and my constituents and all of our americans our civil liberties are protected. stuart: thank you. i had to break away quickly because the dow jones average has turned positive. 20 odd minutes ago we were down 110. and then the imf said hey, federal reserve don't raise rates and bingo. at one point we were up 5 points. it's a see-saw market, but the fed is very much in the news. i hate to say, you know what i think. ashley: i know you do. stuart: the fed, there you have it. look at this the share price of under amour. the chief executive says his goal is to build a billion dollar basket brand and send it around and curry with the league. ashley: he's the league mvp and
plays for the golden state warriors and they start against the cleveland cavaliers tonight in game one of the nba finals. he's a super huge superstar. did you know the number one basketball shoe is still michael jordan. who retired so long ago now, his name and the power of his name is still the number one basketball shoe. the question is under amour putting all of their eggs in the nest ofset curry. they will have to see it for next ten years to hit the level of $1 billion they say they could get from the brand. stuart: they think that the brand by havingset curry will be worth a billion dollar more in the future yes, they do. stuart: are you going to make the call it's tough to hit the mark. he's an amazing player. and a lot of things can happen between now and then.
stuart: i didn't catch it? is it up or down? it's down 18 cents. ashley: the market is smart. stuart: there's a pop culture website they've voted to organize. that's the first time they've had a foothold they've unionized at gawker. a wall street journal piece highlights how some college drop-out are thriving in technology. look at these famous faces, mark zuckerberg steve jobs bill gates, they're all drop-outs. look who is here? a 20-year-old, william decided to skip college to start his company honda, how are you doing? >> thanks for having me. stuart: are you rich? >> not yet. trying to get there. stuart: i'm sure you are. okay before we go into what
ponder does. why did you decide not to go to college but to start your company instead? >> so i graduated high school and was fortunate enough to be granted this grant by peter teal who founded paypal. it's for people 20 years old to drop out of school and start their own thing and-- >> you're a protege of peter. he's encouraging people not to go to clem and you're one of his people? >> right, right. stuart: what is it about technology that drop-outs, people who either never go to college or drop out of college, what is it about those drop-outs that seems to make a pretty good in technology? what is it? >> i don't think it's the idea that you drop out you'll be successful. he think it's just a lot of people realizing they don't necessarily need to go to college to get their education, they can learn on their own and there are resources that are
free for everyone that people can access people don't necessarily need to go through the traditional route to be successful and build the network. stuart: ponder. that allows famous people to talk directly to their fans. i know i'm simplifying it, but that's basically what ponder is all about, right? >> right we haven't launched yet and staying kind of quiet with what we're doing, but what i can say we've built an amazing amazing team and-- >> wait a minute you're staying quiet about what you're doing, but you're telling a national tv audience what you're doing. so-- we're not rehesleaseing details. stuart: is it a specific new technology that you're using or is it an idea that you're using? >> we're trying to democratize social media so anyone no matter whether you're just some person in the middle of u.s. with no followers, or whether you're an excellent, that you
can get discovered based on what you post. instead of posting and then only being able to get interaction based on your follow count, no matter what post, as long as it's good it will get discovered by other people. stuart: when can i get a hold of ponder p-o-n-d-e-r? when? >> we're launching over the sister and throwing it out at schools and through a couple of different on-line inflew ensu ensew influencer. >> it's too early to think about an ipo and 100 million in your pocket isn't it? it's never too early to start dreaming. believe me. it's true. william lagate the founder of what's going to be ponder coming out this summer. we'll be follow it thanks indeed, william, we appreciate you being here. thank you. >> thank you. stuart: and remember that name william lagate. ashley: worth 100 million.
stuart: he'll be back on the show. more on today's top stories. lauren has the headlines for you in case you missed it. >> i've got enough tech stories in google. another car was rear-ended and google says almost all of those accidents have been the fault of other cars usually hitting their cars from behind. facebook makes money off of you. if you're sick of the ads that target you when you're on-line. there's a reason for that. marketers look at what you like. how much did facebook make off of you personally? 20 cents from each of us each month, but with 1.4 billion users it makes sense. subway is not a company you think of as being unhealthy, but it too, will drop artificial ingredients from 20
2017. the banana peppers will take out the yellow dye and-- >> could be a problem, we'll see on that one. thanks. senator rand paul popular with millennials, but no bump in the polls after his nsa performance. that's next. and megyn kelly joins us later this hour. we are going to talk about this. >> i think as parents we felt we're failures you know here we tried to raise our kids to do what's right, to know what's right and yet one of our children made really bad choices choices. 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. ♪ ♪ fresher dentures, for those breathless moments. hug loud, live loud, polident. ♪ ♪
they're saying a witness gave misleading information. chandra levy was a 24-year-old entern who disappeared while jogging in 2001. checking the big board, a tiny loss, imf says the fed should wait until next year to raise interest rates and that wiped out a 100 point selloff. we're down at 1174.80. and the pending obamacare ruling in the supreme court, if the ruling goes against obamacare costs will rise. she said a whole lot more than that. ashley: she did. sylvia mathews saying if the supreme court does overturn a provision of the affordable care act the number of uninsured would spike significantly affordability goes away she said and a death spiral would ensue. it should be pointed out though she talks about lower costs,
but the cost of insurance offered under the federal health law is going up in many places in 34 states by an average of 29% or more. stuart: already. ashley: all right. stuart: without any supreme court court-- i wonder what she's trying to do with that. she's laying out the case that it's a disaster liz: it's creating fear right? so she's saying 10 million have already paid obamacare premiums and 6 million up to 8 million would lose their premiums if-- >> can you imagine you're doing the show and the ruling for the supreme court goes in and goes one way against obamacare. ashley: right. stuart: can you imagine the story we'll have on our hands liz: turmoil. ashley: chaos. stuart: well said. the nsa data collection program that would end in six months. rand paul is pushing a lot of republicans away. how do we know that? look at the polls.
despite his big splash that he made with his big nsa speech he's behind jeb bush scott walker, and ben carson. charlie kirk is with us. we think of you as our millennial. what does your generation think about rand paul standing up and speaking for 11 hours gets nsa phone record keeping? >> sure i think that this issue really represents an interesting generational divide. i see every day through our campus interactions through the country. we're seeing and hearing such a positive reaction to what rand paul is fighting back against, and violating, as he would say civil liberties. you would see people that are in that poll that you're talking about which are older republican voters people over the age of 50. they don't share the sentiment that young people do with the issue. it the leave me alone belief caucus 18 to 30 years old have on the nsa issue, it could pave the way to get more young
people interested in voting for the g.o.p. stuart: but i think it's been misrepresented. it's not like the nsa is listening to your phone calls and reading your e-mails. that's not the case. the nsa is keeping track of phone calls, numbers called and patterns which may emerge and then there's been some misleading of millennials on this point and you say? >> yeah so i agree. however on the side of trying to reauthorize the patriot act and nsa i would have to say they have to do a much better job articulating why we need to reauthorize this or use some examples how this sort of authority has prevented terrorist attacks. they kind of say trust us it's been working. i'd love to hear some evidence one thing i'd say imagine lois lerner running the nsa, that thought of unchecked bureaucracy we've seen rogue government agencies and brock sis have done harm and we need to be skeptical of the agencies and having congress overseeing
them appropriately. stuart: that's a good one, charlie. i think that got us all. listen to this of 50,000 people nearly 47% of them nearly half couldn't come up with $400 of emergency cash. couldn't do it. what do you make of that? >> probably the same 47% of people that are paying taxes, that mitt romney was talking about-- i say that facetiously of course. and the middle class is destroyed because of lack of growth, the growth of coming into our life and raising taxes and barriers to middle class americans getting ahead and people have less stuff and earning less money and that's a recipe for people having deteriorated savings and low interest rates people are saying boy, why should i keep money in the bank account and interest rates do affect human behavior whether the federal reserve wants to admit that or
not. stuart: give me 5% growth for a couple of years and we'll turn a lot of things around. charlie kirk we love having you with us. thank you, indeed sir. >> thank you. stuart: next from i-hop to cheesecake factory, the unhealthiest restaurants are revealed. you won't believe some of the favorites which are on this list. >> no. stuart: yes. ♪
unhealthiest restaurant meals. liz what's number one? liz: red lobster combo meal high calorie high fat, a lot of salt. it won the extreme eating award. if you eat the shrimp coconut shrimp, alfredo, 3600 calories enough for two and a half days four days of salt. and it's equal to an eight piece bucket of k.f.c. bucket of chicken. stuart: number two. ashley: i-hop's fiesta omelette. it's a spicy sausage omelette roasted peppers, onions and pepper jack cheese, but with three butter milk pancakes comes in at 1300 calories and two day's worth of saturated fat. stuart: before we go on would you eat that. ashley: no. stuart: would you eat all of that? >> get the doggy bag liz: a heart attack on a plate.
another ship wreck. let's move along. we're going to go right for it. it's the 16 ounce prime rib dinner and let's show it do we have it up. outback's prime rib meal three and a half days worth of satellite enough for today and tomorrow there. ashley: call it the crime rib. stuart: we've got another one. ashley: another one, cheesecake factory, i thought everything was good for you at the cheesecake, louisiana chicken pasta parmesan chicken, more than a four day's supply of saturated fat as well. stuart: let's go to number one. >> red lobster. stuart: put it up on the screen. and i mean can you imagine-- only 2,370. where does the 3,000. >> you had to get the margarita with it.
stuart: it's okay then liz: this is the new normal. look, this is why the fda is going to have calories on all menus. stuart: portion size. ashley: portion size liz: that's the key. ashley: doggy bags too. stuart: i've got a billion dollar idea viagra for women. how one company is promising to make it mainstream. on the dark side of the internet how terrorists are going unnoticed through encrypted websites. we've got it all on this program next. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income
taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. see how new york can give your business the opportunity to grow at ny.gov/business you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized.
. stuart: all right. now we're down 70 points. the ims said earlier that the fed should wait until next year before they raise rates. that took a little bit of the downside pressure off the market but we're down 70. look at the share price of nguyen bouncing back with now, that's been beaten up this year. right now it's bounced back 5% it's one of the leaders of the s&p 500. and gold. it's at a one month low. 1175. the price of oil. remember please. opec meets tomorrow, there's a lot of oil on the global marketplace, and it's down today $58 a barrel. not much difference for gasoline. 2.75 is your national average. i want to get back to the dark
web. isis is using it to communicate. you cannot track it, the authorities cannot track it, what's going on here? judge napolitano is here. >> how do you paint me in such a corner? . stuart: it's easy. [laughter] >> you should say, sir, you paint yourself in that corner. . stuart: yeah. >> look, -- here's what this is. this is a form of encryption that the fbi is complaining they cannot penetrate. . stuart: right? >> i understand from the people from whom i speak within the cyber community that there is a form of encryption that on nobody can penetrate . stuart: yeah. >> that would take years it seems counterintuitive, it would take years to penetrate this but in order to run the computer process necessary to translate this, it would take years to run the programs. what does the fbi want? to make these things unlawful?
do you really think people willing to cut off the heads of ire adversaries would obey -- stuart: no, because the fbi wants the key to the encryption. >> yeah. stuart: the key belongs to monsters that are trying to kill us. how are they going to get the key . stuart: it doesn't belong to the apples of this world and to the google and facebooks of this world? >> you know, i don't know the answer to that. but think about it. if you were isis and you were trying to communicate with emhe isaries in the united states, would you trust google. stuart: more than 200 social media sites that use both encryption in and out. >> yeah. >> and that's what the terrorists are using this social. >> the terrorist operational. look we're dealing with religious nazis. >> yeah. >> they want to kill us on all, so why not wipe them out with any tool we can. >> now you're asking me a military question? >> i'm asking why doesn't the nsa break into these
encryptional sites. >> i don't think the nsa could break in these . stuart: but if you would, you would stop them. >> well, i don't know if i would stop them. the constitution would step them. get a search warrant . stuart: if i was the nsa, i would be saying, oh, this encryption oh, we can't possibly read that. >> if i was the nsa and i had the mind-set of the nsa, i would take my brightest people and put this on this encryption problem and say find the way to put the two years to two minutes . stuart: yeah, and you would put the jail in -- >> you were asking if i was the nsa. if i were the grand of everybody's rights, i think i would enforce the constitution. stuart: i think you're a little bit slippery. >> beating the day lights out of me. >> , no. stuart: how about this? the pentagon sent -- or an army lab sent 51 live samples
to 51 countries. >> no. stuart: zero. >> yes. stuart: why. >> because the federal government has made it unlawful to be sued for that, but if visor had done it or jnj, they would be liable for all the reasonable -- even the type of fear that people have -- >> well, they use fedex to send them. >> yes. >> and could it be liable -- >> no, fedex is really not responsible for being the weird -- stuart: the contents. >> i mean there actually have been criminal cases where the government has attempted to prosecute fedex for transporting dangerous controlled substances. and the government said if you're going to impose on them the burdening of opening everything up -- >> well, it's the doj going after that case. >> yes. stuart: wouldn't the army lab have to claire what's in the fedex package before they put
it on the truck? >> they do. well, they have the military, so they don't feel they have to do that. this is not the law everywhere. the federal government cannot be sued, and states cannot be sued. but one state connecticut can absolutely be sued, they can be sued as a person, they've given themself that protection that the feds have . stuart: why don't you -- >> well, this is with why these issues happen because people know they won't be liable for a mistake like this. stuart: . stuart: i want your judgment on this one just for a second -- >> you're interested in my judgment for a change? [laughter] . stuart: a judge told a teenager that she had a choice go walk for 30 miles because you stiffed a cab driver or face 30 days in jail and your comment is. >> profoundly unconstitutional. only the legislature can prescribe punishments. j.j. can't do that.
if they can come up with punishments like that, then we've deferred the law for what the law is and what the role of the judiciary to violate guilt or innocence . stuart: unconstitutional. >> yes. because it invades the branch of government . stuart: so what do you think the young lady should do? sue. >> no. she should do whatever the punishment is for that crime. stiffing a cab is probably a form of theft. it was. less than $100, 30 days in jail for $100 is pretty hefty she probably has a prior conviction, so that's the reason for that penalty . stuart: we don't know that. >> no. we don't know. first time around, actuality absolutely not incarceration. you probably have to pay a a few hundred dollars on top of that . stuart: you're such a lenient judge. >> i'm telling you what the law is, you never give me the
authority to make the law. you want principle to explain . stuart: that's right. that's why you're here. >> what's up with this today? . stuart: i think they liked your performance today. i don't know why. >> i'm actually very gentle. they'rethey're admonishing me . stuart: what does ifb stand for? don't tell him? >> i've forgotten. i'm so old. . stuart: interrupt and feedback. these things we wear in our ear. >> interrupt and feedback. let me tell you. they love to do both. [laughter] . stuart: i'm going to digress for a moment, i used to have a director that would crack jokes in my ifb, this was not on this network,. >> wait a minute they didn't have these 30 years ago. . stuart: basketball. game one of the finals tonight, lebron james goes
against steve curry it's a match made for sponsors. look who is here. outside the nba store what have you got connell? >> i'm getting some interruption and feedback, sir. [laughter] i'm glad to be on your fine program today to talk about these two talented athletes. i've got to tell you all these other sports networks are certainly going to be talking about the game on the court tonight, and it should be great to get this series started for us at the fox business network it's all about the money and the game off the court. and as you say these two individuals -- what we like to call the battle of the mvps. lebron has won that award four times, curry one won it this year. look at it from a few different metrics. all-star game curry actually wins that one so he's very popular, facebook and twitter. that is still lebron's territory. so if you watch the game tonight, stuart, pay attention to these two guys. there's a lot of money on the line. and to make it even more
simple for a soccer guy like that you. watch their feet. because the companies on their feet are another big part of it. lebron is nike, the dominant shoe company in the country. 95% of the market, and curry is under armour. so keep an eye on all of this if you can . stuart: i promise i shall. thank you very much indeed for joining us. appreciate it. time for the sector report. look who is here. sherrill, what are you watching today? >> no one can interrupt me in the next 30 seconds because i have something very important to show all of you. let me give you a really quick check at media and of course at streaming companies in particular. really the two are go together. we've got a preview of show time offering $11 a month for show time, bring on homeland and all of your shows,ed married sector today, kind of a mixed bag. but look at internet. and what i've decided stuart,
we've got yahoo and we were talking about the super bowl yesterday, and amazon, and all the streaming, i think i'm going to have to take the sector of media and internet and just combine them, stuart, what douse? . stuart: i say "yes." get some numbers off of that screen. my head is totally spinning. one more time. that screen. up next. the confession that set social media ablaze. megan kelly on her exclusive interview. that's next. >> it was an important step for josh to confess to the police what he had done because he had broken the law. and we felt if we didn't do this, that this would be something hanging over hishier head the rest of hisit life it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier...we're here to make
healthier happen. optum. healthier is here. 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.
>> i'm nicole with your fox business brief. right now the dow joneses industrial down 55 points, up earlier the lows of the day at 18,020, the s&p 500 down 7. and the nasdaq down 10. so the dow and the s&p are down about one third of one percent and the nasdaq down about a quarter of one percent. here are your dow movers. nike, goldman sachs nike with lebron james tonight. on the downside, verizon and also merk has been a big looser as well. team discount retailers wild low wall street its sales that's up over 7%, smucker's on the other hand, smucker's is down 3.3%, they have smucker's jams and jelly hey take a look at these telecom
exclusive interview on the megan file. >> so important for us as parents to talk to our girls and make sure that nothing else had happened. well, one by one as we talked with them, none of them were aware of josh's wrongdoings. >> so they learned about it from you. >> yeah. >> as people on the outside think, well, christians are supposed to be perfect. you're supposed to live this perfect life. no, all of us as christians, we struggle every day . stuart: megan kelly joins us now on the phone. megan, thank you very much. welcome to "varney & company." >> happy to be with you stuart. good morning . stuart: can you explain to me why the dougers are so fascinating to so many people in america? >> you know, i confess i never watched the show, and i didn't -- of course i knew who they were because i've seen them on television in other forms, like, fox news and today show and so on. but the more i, you know,
studied up on the family, i get it, i completely get especially having been down there and meet them all. they have 19 children. let's start with that. let's start with the house. they've got the pretty kitchen in the front with the enormous counter, and then the industrial kitchen in the back which looks like the kitchen you would say in a restaurant. each kid has a responsibility. the older kids help raise the younger kids. the way they approach living is just so interesting and you sort of expect disaster, maybe that's just my own bias because i have three children, and i can barrel get them -- i can't get them to do anything quite frankly. but these kids are well behaved, they listen to their parents, they listen to one another, is on and so fourth. that's one of the reasons, and i think that's one of the
questions why there was some sort of utopia going on in that family . stuart: yeah. now, the left generally is hostile to the duggars. i think it's probably worse than that. but intense host i let comes out in social media. why is that? is it because they're profound christians. is that it? >> well, i think it's two things. i think you can be a profound christian and hold your belief deeply, and you may or may not be a target from, you know, someone on the left. but the thing about the duggars as their vocal about it. and it's not just that they're out there saying this is what i believe, this is what i believe, but they have been pretty condemning in their language about certain people. gay people, lesbian people in particular, and not to mention transgender and so on . stuart: yeah. >> so i think shouldn't be totally surprised to receive judgment when something happens in their family . stuart: you do know that social media is all over your interview.
>> oh, yeah. stuart: you've seen it obviously. they're saying that maybe some of your questions were too softball. quickly your response, please. >> oh, no, i mean. there's a piece right now saying she may not be the best interview, but she was tough and fair and she asked the necessary responsible questions . stuart: well said. well said. >> and i think that was my goal. my goal was not to bring down the duggars my goal was to get the story and i did. stuart: yes, you did. thank you very much for joining us, megan. great to have you on the show. >> thank you . stuart: wait a moment. let me go to the big board. i want to see that. because we've been all over the place this morning. down 110 points. the ims says don't raise rates until next year. the market comes back at one point. we were up 5, 6 points. now we're down 60. not a lot of volatility, but something going on there. >> it's enough going on to move it up and down a bit .
stuart: all right. we'll talk tomorrow when we've got that jobs report. >> and grief. . stuart: the buzzer for that. but don't do it to me, please. this. a pill dubbed the female viagra it may get fda approval this week. it's been twice rejected before but it may get approval. ashley, tell me more about female viagra. >> we're all familiar with the men's version of viagra which deals with the ability to have sex, this drug deals with desire quarterback which is a whole different issue to tackle if you like in the form of a pill. low in women. it's been rejected twice before. there are side affects with this low blood pressure, fainting nausea, sleepiness, they're going to try for the third time to get this drug through. it's, you know -- sprout pharmaceuticals.
they're -- stuart: totally private; right? >> totally private they've put all this effort into this drug, which is being called the female viagra . stuart: so we assume if it's being approved by the fda, it goes on the market and sprout pharmaceuticals is worth a ton of money. >> yeah. stuart: but are there side effects, liz? >> yeah. stuart: do we know? >> yeah. it's pretty severe. sleepiness and nausea. but the fda in making the ruling is basically saying the benefits for it outweigh the risks. it's for premenopausal and menopausal women . stuart: okay. we'll find out at the end of the week. >> we'lled of out . stuart: check this out, please. you're going to watch a clip from the documentary journey through life. you'll never believe what it took to make this. i'm talking about talking to one of the producers in the next hour. watch this. >> it's the story the greatest of all adventures. the journey through life
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>> welcome back. according to a report, businesses are manipulating the government lawsuitry system on how to distribute the number of visas. how you ask? >> well, this concerns the special h1b visas that are granted to highly skilled foreign worker, usually employed by tech companies. experts say that some companies submit multiple visa applications for the same candidate by applying through subsidiaries. send as themselves are seeking visas by applying for jobs it from many companies at the same time. the company received 230,000h1b applications for the same time period, for just 81,000 slots mandated by congress. right now this is totally
legal, but right now danstein from american emigration reform says the government should allow just one applicant for one job at a time. he says quote it's out of control. the chairman of the senate committee has already had one hearing on performing the program and he's working on legislation to fix it. >> thank you very much, peter barns. and stay right there, he have been, because hour three of varney after this
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stuart: could you raise $400 cash at short notice? nearly half the population cannot do that. to get the money, they have to sell something borrow from friends or relatives or hit the pawn shop. the fact that half the country is in that hand to mouth situation comes as a shock especially since we are six years into a recovery. clearly this is not a
prosperous society. oh, the elite are doing okay. but the country as a whole is not just where it could or should be. where is the dynamic growth? but there's somet going on. thrift. that is saving, is no longer considered a virtue, and there's a reason for that. why save for a rainy day, when the government will give you everything you need when the rainy day hits? that's another obama failure. the safety net does not encourage saving. it discourages saving. it encourages dependence. a few days ago the president claimed he saved the economy. that he said would be his legacy. but if half the people cannot lay their hands on $400 at short nose, that claim rings hollow. ♪ ♪ . stuart: i promise we will have more on that 47% of the people
who can't get together $400 fast. we'll have more on that because that's a bombshell. look at this. the dow industrial is beginning to fall more. we were down 110 about an hour ago, now we're down about 100 points. but we do have interest rates coming down a little from their highs earlier today. now we're at 2.31 on the ten-year treasury. a couple of stocks. t-mobile and dish networks. network i should say. they're talking about a merger. both stocks are up. this is about putting tv content on your phone. that's what that's all about. now, let's get back to that shocking number. nearly half of us don't have enough cash on hand to cover a $400 emergency. i just had a rant, but i want to repeat it if i may. i find that a shocking number. 47% of 50,000 polled by the federal reverse can't get $400
together. what does that tell you? >> it's a shocking number, it's a depressing number, it's a scary number. i think it tell us a few things. first people are over extended. they're spending more than they bring in. so they're spending more than they make. there's also a lack of financial literatey. the wage growth. we haven't see wage growth in this country in a meaningful way in a long time. not to mention there's a lot of people who are under employed. working part-time when they wish they were working full-time. they're not working full-time because their employer may not want to bring them on because they don't want to pay for health . stuart: when you spoke very important. under lying the whole thing is obama's economic policy. if we had growth instead of redistribution, i don't think you would have this situation today. >> we need growth for sure . stuart: yeah. >> and i think that we're seeing the stress on the middle class between the rich and the poor is only getting
greater because of these issues -- stuart: old ho a second. president obama comes on and says in particular inequality. i'm going to do something about it. i'm going to redistribute it from the top to the bottom. the exact opposite has happened the length between this group and this group is getting wider. >> a lot of people are having to take multiple jobs in order to make it work, they're in worse shape than they were several years ago. especially if you look at the millennials, you look at the younger generous, they're under a lot of stress because they've got the student loans. they're not making the wages that they should be graduating from school, especially if they studied something like, liberal arts. they're under a lot of pressure -- you look at the boomers -- wait a second. are you in a agreement with me that this is a policy problem? and if we have different policies lower taxes less regulation, we would not be in this mess today. would you agree with that?
>> i do agree with that . stuart: okay. >> and if you look regulation, that's a big deal. smaller businesses and larger businesses are afraid to hire because they don't understand the regulation, they're worried about tax policy, there's a lot of reluctance to hire still those high quality jobs because of some of the issues that are happening out of the government that individuals have a responsibility to . stuart: oh, absolutely they believe of. there's more to add to this. also within that survey, one third of those surveyed, one third don't go to a doctor because they can't afford it. now, i don't think that's because of the high cost of health care. i think that's because the huge deductibles that obamacare has introduced. >> they don't have the money to spend to go to the doctor. also people are putting that expense. which is only going to hurt them in the long run because you may have something seriously wrong with you but if you keep not going to the doctor those expenses in the long run could add up. so i think there's a lot of
issues at play. people are putting these things off, and it cooler come to haunt us in the long run . stuart: no, there's only one issue at play. socialism. [laughter] . stuart: i'm going to quote margaret fascia. i've got to get this right. they don't care if the poor gets poorer. as long as the rich get poorer too. and i think that's exactly what you've got. >> no. i think it's a sad state if that happens . stuart: you can come back. [laughter] good stuff. we appreciate you being with us. >> thank you . stuart: now this. an fbi official is calling for congress' help when it comes to fighting isis online. here counterterrorism director michael yesterday on capitol hill. >> some of these companies build their business model around end to end encryption. there's no ability currently for us to see that. so if we intercept the communication, all we see is encrypted communication.
. stuart: more on this threat intelligence at unity inc. i'm telling there's this dark net. it's over there. you can't read. it's encrypted. it's being used by terrorists. is that roughly accurate to what we've got going on here. >> sure. i think. the dark net that they're typically talking about is a network called poor. and it is encrypted and it is used by people with all sorts of motivations. you have people who are concerned about their privacy here in the united states, maybe they don't want their internet service provider to see what they're doing. and then you also have folks that have a more necessity fairious point to their network usage . stuart: is it -- >> pornography, that kind of thing . stuart: is it true that this dark net is encrypted in a way that nobody could break that encryption. is it true. >> it is true in a sense. the encryption there is very
good. now, would i stack that up against the organization who has the most computing power in the world like fort meade and nsa? i don't think i would feel entirely safe around that. but the phish has done this before. one time of things they did -- within the last few years they exploited end hosts. so like, they find that there was a child pornography rain that was identifying the dark net, and they used their ability to exploit those users' impurities to gain access to them and break up the child pornography rain . stuart: okay. >> so i don't know that encryption here is the issue. the fbi has other rules to bear on this problem . stuart: okay. now look. i'm not technologically savvy by any means what did you do about technical people on our staff said i could hook to the dark net in about five minutes. is that true? >> that is very true, yes. stuart: i could be working on the same network as a
terrorist is working because nobody could see what i am doing. >> that is and isn't true. the issue here is that the network traffic has to come out of somewhere. if you want to talk to another, like, if you want to talk to the regular internet. if you want to talk to, you know read your gmail for example. and what we've seen from u.s. intelligence services with both the foreign and domestic mandate is that meal monitor traffic on the so-called exit nodes. but, yes in principle we could hook you up in the dark net in a matter of minutes and then your traffic could be brushing past the traffic of, you know, some jihadi somewhere that is accurate. stuart: i'm not real happy about this. it seems to me that the nsa argument about phone logs and copying phone records that now seems to be mute. it looks like to me the terrorists have leapfrogged over the phone log problem and have gone straight to this
dark net and now they're operating with impugnity. i mean am i exaggerating this? >> i think perhaps a little bit. this isn't to is that we don't have tools against people using the so-called dark net. as i mentioned before. the fbi was able to get onto the actual computers of the folks who were involved in a child pornography ring who were using the dark net. there are computers bear for someone like the fbi and the nsa. so i don't know that the encryption aspect of it is -- you're stating everything absolutely factually but it's not to say we're entirely powerless here . stuart: okay. understood. but i'm saying i was saying it factually correct. george i'm totally at sea with technology, but he straightened it out. thank you. >> thank you . stuart: we've got a lot of news for you today. look who is here with the headlines. sherrill. >> hello stuart, we've got a lot of questions for you. should users of facebook,
twitter, instagram pay to use those sites? interesting question raised in the new york times this morning. in fact, they quote facebook ceo mark zuckerberg that he only makes 20 cents per user, and also the background information on their users facebook has 1.5 billion users adds have today. cailtyn jenner could be a $1.5 million woman on the cover. the former olympician now containment has earnings potential galore while living as bruce jenner she made around $100 million, but if the endorsement deals continue caitlyn could be worth more than chris jenner or any other kardashian. you go, caitlyn. and final subway jumping on the healthy eating bandwagon announcing they're going to be dropping artificial ingredients by 2017 and that
chemical that was used in yoga mats that keeps their bread fluffy. true story. some of the things you're eating stew. i know you disagree with this, but if i was to analyze your diet, i would find things . stuart: my diet? the whole world knows what my diet is. coffee. [laughter] i've got one for you. seinfeld. 20 years after the last episode aired. now the internet is buffing over the real reason that gorge's fiance susan was killed off the show. gregg is going to be here to talking about that just a little bit later. do you hate doing laundry? >> yes. stuart: thank you. there's an app for you. >> love it. . stuart: picks up your dirty clothes, drops them off the next day clean and folded. of course for a price.
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stuart: big name. and you know it. it's called verizon. moving lower. it's got a downgrade from jp morgan, and it's down 62 cents at 48. got it. look at smucker higher coffee costs are making a problem there, that's enough to take it down 3%. look at this. a foreman fifa, that's the soccer governing body, that guy looks like father christmas. >> he does. . stuart: he took bribes, he says he and other officials accepted bribes for the 1998 world cup in france and again the 2010 world cup in south africa. give me the story ashley. >> well, as we talked about this individual, jack, i want to get first to jack warner. he's from trinidad, and he
planned to unleash a, quote, unquote, a hurricane of evidence that's going to show how much bribery and corruption was going on in fifa. he's a kind of an interesting character. he's taken out a political ad in trinidad that says basically the gloves are off. i can't keep the secrets anymore. you are going to be stunned by what i have revealed that what's been going on at fifa . stuart: this is a whole new can of words. >> a whole new . stuart: that he's opening up. >> and the question is how far up does it go? do we get to set -- because we know the fbi said yesterday that they are, in fact, investigating him as well because he resigned on tuesday. stuart: okay. so set blat is the guy that was at the top. >> the very top . stuart: and second in command was the guy who organized it, jack warner. >> correct. stuart: jack warner now says i'm coming clean with everything. >> take the gloves off . stuart: spill the beans -- >> again, let's come back to
chuck because he was the capitalist for this, to take so much bribery here in new york for himself, and then another one over $6,000 a month for his cats . stuart: okay. i think we've got that one. >> and what's wrong with that? anyway -- stuart: corruption on the screen. >> he an avalanche of information . stuart: yeah. going to make more -- >> great movie. great movie . stuart: i still have the question will cutter get the 2 cup? and i say no. >> some of your british man -- some of the british colleagues across the pond are saying they want to revote. they want a rebid, they want everything redone . stuart: yeah, i think so. i think russia keeps 2018. >> agreed . stuart: and i think america might get it. >> could . stuart: let's hope. >> yeah. stuart: laundry and dry-cleaning service on demand. washio is an app. it's an up coming app. you use it to get your laundry picked up at home and then delivered the next day. joining us now the ceo and cofounder of washio.
let me make sure i got this right. i get my app i call you up, you come to my house you pick up the stuff, you take it away you delivery the stuff the next day all dry cleaned launder, how much? >> just about the standard market rate, so just about as much you pay at your local dry cleaner . stuart: where do you make the profit? >> we make the profit by taking out some of the access expenses that are currently in the dry-cleaning industry. so most local dry cleaners are actually just agency model where they simply they have a retail location and they're out so far so we have the cost for the real estate and instead delivery the product directly to the consumer's doorstep . stuart: i see your point. we're fascinated by this kind of story. because it seems that the internet has opened up delivery services of all kinds. we had an alcohol delivery service on this show just the
other day. now you've got a laundry and dry-cleaning service. how many cities do you work with? >> we're currently operating in six cities, los angeles san francisco, oakland boston and washington d.c. stuart: okay. and i take it you're going to spread? >> yes. we're growing a lot. we're the leader in the space. we've raised over $14 million in venture capital thus far and we're going to continue to expand in boston our current markets and new markets . stuart: now, if you've raised $14 million so far, that will tell me how much your overall company is valued at. you going to tell us? >> i can't say our post market evaluation, but you can do some math and kind of get a good understanding of where we're at . stuart: do it for me? do the math for me. go ahead. >> in our last round our series a round we raised about $10 million from k ventures as well as some great angel . stuart: did he say i get the point.
you've got $10 million. how much of the company did you sell for $10 million? was it 5%, 20%? what? >> a decent percentage. as we continue to grow, we'll continue to -- stuart: you're not going to tell me, are you? >> no. i'm not allowed to do that but i think, you know, your viewers can really understand, you know, how big the company is and where it's going . stuart: actually i don't. you tell me how big it is. come on. give me a number. . stuart: are you worth 100 million? >> not yet. but close to it. . stuart: okay. well, that is fantastic. i mean congratulations. i'm not trying to get at you. i'm simply fascinated by how an app a delivery app should be worth close on $100 million, and you operate in six cities. to a lot of people, that is absolutely fascinating. how many employees have you got? >> we currently have about 90 employees. we have about over 4- 500
drivers across the country driving for our service picking up and cleaning clothes every day . stuart: and your full-time employees, do they get stock or a piece of the action in any way? >> yeah, most of our employees have some type of share program, stock option program in our company we've dead cade over 20% of our company to giving back to our employees . stuart: well done. that's great. jordan metsner washio, sir i hope i didn't press too hard, but that's what the audience wants to know. thanks very much, jordan. >> thank you . stuart: sure. did you know? well, you do know, foreigners snatching up expensive real estate here in america? well the tables are turning. there's a big number of americans buying over there in the past year. we've got the numbers for you in a moment
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selloff. maybe grease is going to be a problem. interest rates are at a high level, and down goes the market. we're down 88 points. but that's not a huge -- what are you smiling at. >> well, they're saying -- i know you don't want to hear from the imf, but they're saying the fed doesn't want to raise the interest rates -- you're giving me the look . stuart: the look is better than the buzzer. the strong dollar making foreign properties more affordable to us here. cheaper over there. sherrill, give me some numbers. >> the amount of americans buying overseas now particularly in canada and europe are 30% over the last year, over the last 12 months, because of the strong dollar . stuart: yeah. >> and guess where they're buying in particular? italy, the coast of italy the southwest coast . stuart: uh-huh. >> a lot of americans are buying there and isn't spain. along the coast of spain, you
can get a three bedroom there for $13,000, and the $167,000, you've got to do your research and there's a lot of americans are doing we talked about central mark and south america. but this is the story right now. and we haven't seen this since the early '90s when americans have had this type of dollar -- >> finally. >> you can get a smoking deal. >> yeah. >> i don't know what you all are thinking, but that was my dream when i was 22. . stuart: paris is expensive. >> yeah. like manhattan. naples florida. >> that's a dollar per dollar transaction, stuart, i have to disagree . stuart: precisely. you heard it first on fox business. the faa easing their hiring practices for air traffic controllers, it could be a deadly mistake.
he's next you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software.
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one breaking news. without public notice the obama administration has expanded the nsa's warrantless buying programs. ashley: it has been expanded. this is in place to try to track down the origin of computer hacking linked to foreign governments. before, as they were looking for patterns and now they have expanded it to widen the neck to catch where these intrusions are coming from china russia and some one. stuart: nothing unconstitutional about trekking foreigners when a break in here. ashley: you can't do that. stuart: it is not unconstitutional to go after foreigners on their home turf. ashley: any one thing with warrantless in front of it he doesn't like. stuart: americans overseas. ashley: foreign governments is will we are talking about.
stuart: distinction lost on me. a recent investigation done by fox business shows the essay a going away from merit based hiring and moving to more women and step for airport control towers. this is what adam shapiro had to say recently. adam: remember what they did when they change their hiring processes is to qualify african-american, asian-american, and latino american candidates and through the mouth people who have already been approved to be on the waiting list the reserve list going to air traffic control. stuart: jason riley columnist for the wall street journal, welcome to the program. you don't like the whole idea of special programs to shoehorn women and people of color into top jobs. you don't like that. >> if they have the chance of compromising safety. i don't know about you but when my plane began the initial 30,000 ft decent i am not concerned about the race or
gender of the person on the ground who will help the plane lands safely. i am concerned about their competence. i wish this administration shared my priorities. stuart: don't you want to get rid of past discrimination by favoring people of color and women to get them into those jobs? >> absolutely not. i don't king reverse discrimination is the way to go. the e issue here is the extent to which this administration will compromise safety to up the numbers of blacks or hispanics or women in certain occupations. the njdiet.com has traditionally used as a means of recruiting these various programs with four and four year institutions around the country, you have to pass the test an aptitude test that measures your cognitive skills problem-solving abilities and so forth. those are important determining who is successfully going to get through air-traffic control training programs. this administration wants to use
a whole different set of criteria to determine who will get through there and they risk compromising safety and we have seen this in various other areas, race and gender tests firefighting, policing even in the military this is dangerous stuff. stuart: will we ever get away from it? >> not during this administration. this administration is obsessed with racial diversity. stuart: ready to say marriage only, we define merit this way and this is the way rules are going to be. >> that is the history of america and the effort to move away from that is where the problems particularly in america divers and pluralistic society. the racial spoils system mindsets is especially problematic here. they are disadvantaged and other groups are advantage. stuart: we won't change with this administration but the next one or the one after that, can
you see a time when we go straight on merit? >> i can see the supreme court shut the door on this behavior. they keep punching particularly on issues like a jew cajun race can be used as a factor but not the factor and leaving a lot -- equal protection of the law means equal protection of the law. stuart: is very difficult i want you you and you and that is it. >> you will treat people individuals we will not treat them as individuals. i think the only fair way to do things is to individuals. stuart: i really agree with you. >> when it comes to something like landing passenger planes, i would particularly like us to be using merit. >> admission to medical school admission of a broader scale look what is happening at the university in this country so the document 3d the emergency
room, are they there because they were best to be serving me in the er at the moment? maybe not. to your point of the supreme court that is where this is going to have to go on several levels. stuart: you wrote the book please stop helping us as in please stop helping people of color and women. you wrote that book. you must get a lot of hate mail. i am not joking. >> the type of help i think ultimately harms and that is what i want to stop happening. stuart: when you are treated as a special case, you are in need. >> you have to be careful how you help people and how the government has typically and traditionally gone about helping racial and ethnic minorities has not been very helpful in the long run. it created a lot of tension and in many cases created or retrogression in the case of black americans. stuart: if our government wanted to help black americans in particular isolate that group how would you do?
>> there are many things you could do. there are things you should stop doing. stop keeping poor kids trapped in failing schools, stock raising minimum wages the price less skilled and less experienced people out of work many of which happen to be black. there are things we should stop doing and that could help group's progress because it is really self development that will help people people have to help themselves and move forward. the government gets in the way of that self development doing more harm than good. stuart: jason riley of the man and institutes, one brave the i. you are, thanks very much. neil cavuto is back with us. let's see if he is ready to take another she shot at my accent. listen to this. in what way are you going to copy me again today? neil: today i am going to the british. stuart: are you there? neil: yes i am. stuart: for the next two hours
are you going to come up with another two hours of "varney and company"? neil: no. it will be interesting. i love that last guests sort of a counterintuitive way to look at things. following the same type of stuff counterweight way of going about business news. stuart: i want to ask about lincoln chafee who is running for president, he stood up and declared yesterday we are going to get america to the metric system. how does a fine american like you feel about converting to the european standards which i used to use? how do you feel about that? neil: what you use now? doing homework for these appearances i know you are fast for this. how do americans get around the notion of is it one gallon or 3.17 liters? i think all of a sudden 100 yard
football field is i guess that 91.44 ft football field. america ignored the rest of the world. we have been at super power we don't have to do what your ridiculous king did just to fit in. americans don't fit in. we have our archaic system with inches and feet and yards and it made us a super power so we don't need your mark and silly hats or metric system. stuart: the original mistake you made thirty-second the go before you went on this ranting shiel, you failed to mentioned there are three kinds of gallons in this world. there is the imperial gallon used by the british, there is the gallon used by the united states of america and one other which i can't think of. neil: thank you governor perry. i am just saying, i got to give this guy credit. if you are going to start a
crusade to challenge someone who is probably a 50-1 favorite to get the democratic nomination why not go along and just say it is going to be about going to the metric system? i can see that as a growling cried. i give him credit. there is a lot to be said. the whole world is on this. i point out and i know you still quietly and internally resent it, that we rebelled from your abrasive king them. so that we could have our rulers, our inches, our feet. stuart: are you done? 19 minutes from now you can get more of this if you are not bloody careful. thank you, neil cavuto. neil: you're quite welcome. stuart: king.5 minutes from now former governor doug wilder will be on with neil cavuto and 1:00 eastern. seinfeld star jason alexander
played george finally revealing the real reason his fiancee susan was killed off on the show. guess who is going to comment on that? greg that fell. >> she is gone. what can i tell you? i will get some coffee. you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. people can see better when they're out doing their tasks,
week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this. stuart: one of those remembered scenes from seinfeld the only show that could make light of death.
jason alexander george costanza revealed why his fiancee was killed off in the first place. ashley: such a great story. finally admitted to howard stern it turns out he never got on very well with the actress who played suzanne. he complained to seinfeld and julia dreyfus and said she is not that great. they said no jason she is fine they have seen with her, she has not got any comic chemistry so they came up with the idea it was seinfeld is said let's just kill her off and george famously said i have a funeral tomorrow but i am wide open for the weekend. "cavuto coast to coast" when you have been listening to this exchange. they killed off the character because george didn't like her. >> it makes perfect sense because the show was about how horrible they really were. it was a show about nothing, they were nihilistic, this makes perfect sense. they took a problem and turned
into a benefit. does woman terrible chemistry, turned out to be one of the most classic moments on television and they were right. fun you get fired and your confidence you find another job. no one heard from her again it reinforced the firing that she did not half the world's. stuart: we had megyn kelly on. >> i have heard of her. delightful woman. i deeply respect her. stuart: she interviewed see dugg duggars duggars. wyatt is a fascinating? >> they are using their family as a stunt. here are my 19 kids have a tv show. of 5 one 19 kids i will hang out at toys r us. i am sorry i don't have a lot
of patience for kids. kids are interesting, no they are not. they are not even -- they are humans, i will give you that but they are not yet fully formed. you can't have a discussion about the ukraine with them. all they want is they want things or they say no no no. either crosser or they say no. stuart: they are selfish. >> they are like tv anchors. i don't want to compete with little people that are like me. children are just, they are better versions of me. i don't want kids. stuart: do you want promo for your show or not? 10:00 eastern time sunday evenings. i think of you as a guy who is humor, you are sarcastic, you are a conservative and you have biting humor. what percentage you display for the world sunday night on fox? >> i would call it a news mullets. you know what that is? cereus upfront party in the
back. that is what the show is this you can't just have jokes. it has to be married to substance, you have to have an unspeakable truth you lead with and at the end with is funny is funny. stuart: i don't know what you really believe in. >> 500 shades of gray. i don't know who is the real great. >> what you see is what you get. i guess. i just made up that phrase. stuart: your time is up. >> literally? stuart: 10:00 sunday night. another and the bliss 17 mess, a recall of 400,004 million cars for deflective takata airbags the need to be replaced. the replacements in the u.s. according to waters. another 3 million replacement parts are still in question. check the big board. this is close to the session
lows. we are down 115 points. discovery channel's new series the journey through life to four years, 18 people, 18,000 hours of footage to make it. big project. we have the guy who took all the video. after the break, watch this. you wouldn't order szechuan without checking the spice level. it really opens the passages. waiter. water. so why would you invest without checking brokercheck? check your broker with brokercheck. the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen.
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stuart: i have a bomb shell piece of breaking news for you. listen please. the epa, i repeat that eta says there's no evidence that fracking has widespread impact on drinking water. how about that, governor cuomo who has banded with the four year settee from the epa just release no impact on your drinking water. that is a bombshell. ashley: there will be a big push back against that. stuart: then there is this. the discovery channel has a new series called life story. it follows animals from birth to adulthood. you won't believe the effort that goes into something like this. this is extraordinary. tom hugh jones is with us. i want to know about the effort that has gone into this. how many years did it take?
>> it took 3-1/2 years to make is, 30 countries and i king squeeze on 1800 hours of video which is all compressed into a series. stuart: you have no way of telling me how much it costs to produce this but it has got to be tens of millions of dollars. >> not tens of millions but as the world wide venture what cost of money keeping cameramen in lots of places waiting for that moment of behavior. stuart: discovery channel is going to get its money's worth? >> of course. stuart: run this thing forever and ever but you read the camera guy. >> producer and director. stuart: when you were on the shoots all over the world. she must have spent years on the road. >> on the planet earth and human planet. long-suffering wife. stuart: when you are english. >> i am english. stuart: what i you doing in america? >> the show is coming out, i am
going back tonight. stuart: you are? what is wrong with america? >> they wouldn't let me. stuart: can i see this on the discovery channel? >> the first of a six part series. >> following the journey through life and all animals take from childhood to death. stuart: a pleasure having you with us. are you are leaving america. it is the paradise here. come back soon. discovery channel, the journey through life life story life story, thanks very much indeed. more varney in a moment.
competence. >> he doesn't like the faa gives special priority to women and minorities my time sup, now here is the all american, neil cavuto. >> thank you stuart. all right well young the drill here what we're waiting for. welcome everybody old coast to coast i'm the old cavuto. rick perry make it ten republican candidates officially vying for presidency a half hour way from making it official homing that second time is better than his first run at this. that was then this is now. it comes on same day that governor jeb bush has indicated he will mac an official announcement of the june 15th meant to be a spoirl in materials of this announcement on part of governor perry say nothing. benevertheless it is something that everyone is watching. we're also keeping one eye on what is going on in the market i normally do not obsess over these things