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tv   Varney Company  FOX Business  January 5, 2016 9:00am-12:01pm EST

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record pace last year, it's low interest rates should stay relatively low, but so many people have bought new automobiles. >> this is a moment for american consumers, gasoline prices are low, interest rates are low and spending money. dagen: buy a house and park it in the garage. sandra: "varney & company" is next. stuart varney, it's all yours. stuart: i'll take it. president obama is the best gun salesman in the world. he proposing new gun control and the gun makers forecast record sales. that's happening now. good morning, everyone, the stock market slides, war looms in the middle east and president's first announcement is gun control. gun stocks are up today and gun permit applications are soaring. now, this is day two of 2016 stock trading. day one not good. in a half in our, day two open lower, flat. escalation in the saudi iran fight. we're watching thatment bill
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clinton stumps for hillary in new hampshire. oh, big buildup from the media, but a small crowd. he was flustered when asked about his history with women and the wall street journal says the big dog has been fixed, ouch. and the times says, he's been subdued. trump, he got a crowd of thousands. would you recognize this man? there he is. he's a famous quarterback. >> yes. stuart: yes, you do, i did not. this guy supposedly used a disguise to enjoy what we call the charms of las vegas. "varney & company" is about to begin. ♪ >> all right. please take a look at this. flood waters are actually row receding along the mississippi river, but parts of illinois could see them rise again, up to two feet of rain sent that
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liver surging in the south and the midwest. the worst the river has seen at this time of year since the 1800's. in our next hour, jeff flock on the impact of business and oil pipelines remain shut down and he will he a joini-- he will join us. and the worst beginning since 2008. big name tech stocks we followed closely on this program were hit hard. netflix, especially, it will be up today a little after a 7% drop yesterday. how about amazon, a huge drop yesterday. it will be up this morning. how about facebook? it tested $100 a share, it will be up ever so slightly this morning. now, the big dog, you might say, apple, it has strong exposure to china. it will open unchanged this morning. how about the price of oil? well, we're around $37 a barrel
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yesterday, we're 36 and change this morning, not much impact on stocks so far today. the news, $1.99 that's the price of gasoline on a national average. that is regular, pay cash. now, politics, i know that's what you want. here it is. bill clinton hit the campaign trail for hillary yesterday. the media didn't fawn all over him. here is the headline from the wall street journal, "bill clinton, the big dog fixed" and new york times "bill clinton, the subdued spouse makes his campaign debut. the former president was speaking to a few hundred people in a gym and there was an awkward moment caught on amateur video. roll tape. >> coming out on the trail-- [inaudible]
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>> well, you know, a little tough to hear. that was a little tough to hear, but the question was about basically about his sexual history. coming back to haunt him at the hand of donald trump. i think he looked really flustered there. that's one of the worst answers from a master politician. >> times have changed since then. now even the monica lewinsky thing even though it's a consensual thing. and feminist now talk about power relationships and could it ever be consensual that situation and not to mention that more than ten women accused this guy of sexual assault and there are all kinds of reports hillary helping to cover them up. if she's going to be running as a feminist, this is really,
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really, i know he's popular and people like bill clinton, but this brings back some skeletons she should want to keep stuffed in her closet. stuart: these are the women standing behind bill clinton as he was making his speech. they were organized this way and told to stand there. they really don't look like they're into, frankly, what the former president is saying. and how to characterize the look on the lady's faces there. they're not enthralled with the former president. >> no. >> it occurs to me that the generation of young women today don't remember what happened back in the 1990's. and i think times have changed. i don't think they will react to bill clinton the way bill clinton was reacted to 20 years ago. >> right, if this happened today, it would be completely, completely different situation. if any of it happened today, and again, the way that hillary herself handled it, we talk about whether or not to talk about what bill did, whether or
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not what bill did should change the fact that hillary. the fact that she's married to someone who was accused of assaulting. she said horrible things about these women and talked about them until their lives ever basically ruined and i'm a feminist candidate and advocate for women, you're not. stuart: you don't think that the bill clinton gamble will pay off? >> i think that things are so desperate for her in a lot of ways that she feels like she might have to try it. he has been popular, but he would rev up a crowd and that what we saw there, that's pathetic because it looks like maybe he ain't got it anymore, times have changed. you're harsh. >> well, you know. stuart: you're harsh. >> only when someone deserves it. bill clinton deserves it and hillary clinton deserves it. stuart: thanks, kat.
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i've got it move on, the middle east, the muslim civil war between sunni and shia i'm calling it. clearly escalating and halting all flights to and from iran and halted all trade with iran. i'm going to call that a complete break. kt mcfarland is here now. you have a rather bold position how it plays out. sunni versus shia and saudis versus iran. >> they're already at war, economic war and diplomatic war and they're already going after each other. stuart: are you saying that-- >> they're fighting a proxy war in yemen and each on the other side in syria. do they start shooting at each other? >> who knows. but they are now-- i don't see this backing down. i see this only escalating. why? >> the united states is leaving the region and in effect, president obama has switched sides. we used to be close allies with audis and with all the sunni arabs.
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we're now close with iran. >> whatever it is with that deal-- >> you think if iran attacked saudis, you think that we, america, would side with iran and not saudi arabia? >> i think at best, i think we sit it out and president obama says not my-- >> that's a disaster, if a missiles goes over the air carrier and then it lands in the oiled fields-- >> an iranian fired within a football field and a half of an american aircraft carrier and we didn't do anything about it. the iranians are violating the terms of the the deal and we're looking the other way. they're testing missiles, and we're doing nothing. >> the time is now, the aircraft carrier is sitting between iran and saudi arabia.
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and he has to have orders what to do if it missiles goes. he's not going to call the president, what should i do. >> the iranians are clever about it, they won't go over the line, they'll go right up to the line. here is what i think happens in the middle east as i said this is going to be shiite sunni battle and everybody is taking sides. it won't matter which country you're in because the bore kerrs are irrelevant now. shiite versus sunni and any mott rat in the middle are pushed to the side and two groups feel they have been reordained to usher in the end times and will be successful. stuart: i'm glad you're with us. this is the back drop to the market trading. >> this is bigger than that because it's about oil as well. if you're russia you want high oil prices. iran wants higher oil prices. guess how you get higher oil prices? take out saudi arabia.
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stuart: i wish we had more time. come back soon. look at the stock price of smith & wesson, obviously, a gun maker, they're going to open probably the same price as they closed yesterday. they put out a statement, they're going to make more profit and sell more guns because president obama is again going for more gun chrome. ashley at the top of the show, i said that president obama is the best gun salesman in the world. ashley: sure is. and we'll look at it with more and more gun control. the president will unveil new executive orders, do what he wants to do. the key element of the order is, we're requiring more people to be involved in the background check. i want to get to the numbers. this does bear out what you said. >> smith & wesson up in the entire year of 2015. it was up 132%, since san bern dee o26%, since the paris.
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>> the president says control g gun, what kind of guns. >> smith & wesson, dirty harry i had to go back a bit, but i found one. all right. johnnie manziel, cleveland browns quarterback, yes, he is, i know that. [laughter] really, i do know that. he was out partying when he was supposed to be home recovering from a concussion. was he? is he the guy in the disguise? lauren simonetti has the story. >> i see you! we want to know was he partying in las vegas on saturday night when he should have been recovering and before the browns loss to the pittsburgh steelers, we're not sure not one actual photo leaked, but this could be why. reports say he partied wearing a blond wig, mustache, glasses and a hoody and yeah, used the
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name billy that might. manziel, i posted himself with a dog and captioned saturday night. interesting lead story there. and then general motors and lyft, they're seeming up in a half billion dollar plan to build fleet of cars. you might be able to hail the car with your known and it shows up without a driver. i guess you don't have to tip them. right? and the big electronic shows out in las vegas, this concept car by fairday futures. it looks like a batmobile. they call it the tesla killer, 0 to 60 in three seconds, so fast the car has a helmet to give the driver oxygen and water. stuart: right. and the liability insurance, talk about that one, too, thanks, lauren. i have great news for you, for us, for everyone.
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look at this, please, "varney & company" twitter page now has more than 100,000 followers. [applause] >> not bad, we're working on a million. thanks, everyone. if you don't follow us on twitter, here is your chance, we're grateful to youings thanks very much indeed. and president obama announces executive orders on gun control. and how are the republicans going to fight that? rick santorum joins us next on that issue. your path to retirement... may not always be clear. but at t. rowe price, we can help guide your retirement savings. for over 75 years, investors have relied on our disciplined approach to find long term value. so wherever your retirement journey takes you,
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>> president obama expanding background checks for gun ownership and increasing funding for mental health. now, he proposes a half billion dollars to expand mental health care, all part of gun control measures. here is republican presidential candidate rick santorum who joins us now. mr. senator, welcome back. >> nice to be back, and number
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one rated show here on foxx. stuart: well done 100,000 followers. >> you're rolling. and i'm troo i go-- trying to catch that wave to iowa. stuart: you're going to oppose the gun control measures by the president, i presume. >> wait a second, a false narrative. stuart: when you say no, we don't want the extra half billion dollar on mental health care, you lose. >> i don't think you're going to find republicans who are going to oppose any type of expansion of mental health care if it's properly-- the biggest problem, particularly the problem that leads to this violence is most of the treatment is pretty bad. it doesn't work. and so let's put a-- i think that the numbers at about 50% of recovery rates from a lot of these. would you go and have heart
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surgery if the success rate was 15%? >> no, sir, i would not. >> would you spend a lot of money on something with a 15% success rate? it's not throw more money at it. what are we going to do to try to look at how to improve the outcome of a lot of these mental health, particularly addictions. stuart: people in texas say they have an answer, open carry. i'm an american citizen and i'm in favor of the second amendment, but i'm a bit worried-- >> shouldn't be worried at all. you're talking about a-- the ability to carry. look it, in israel, you walk around in israel and you've got people with uzis strapped on and going to work, citizen soldiers. you don't see this type of violence in israel, you have terrorism, but don't see the violence we have, why? you don't see terrorists walk-- or shooters, deranged people walking into police stations shooting up a police station,
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why? because the police will shoot back, that's why. stuart: doesn't it give you a pause that on main street america, we have' got people walking around with a handguns. >> they are right now. stuart: doesn't that give you pause? >> i'm not worried about law abiding citizens pulling out a gun and shooting my kids. i'm worried about a terrorist, mentally deranged, coming to my kids' school and shooting and there's no one to shoot back. we've got a president who is not going to keep us safe. he's not focused on keeping us safe. not going to destroy the terrorist from where they come from and stop terrorism pr spreading. he's not going to do anything about crime in this country. he's going to foment it by encouraging, in my opinion, people to behave badly. we need folks who take responsibility in a resociety
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to protect themselves. that's why it's the second amendment, not the 20th amendment. stuart: from my citizens, i had to study hard, i know the second amendment. >> because it's important. stuart: we wish you well on your campaign. thank you, sir. all right, 17 gitmo prisons are going to be transferred this week. seven of them are al qaeda followers. why is the president doing this? we'll deal with it. at ally bank no branches equals great rates. it's a fact. kind of like reunions equal blatant lying. the company is actually doing really well on, on social media. oh that's interesting. i - i started social media. oh! it was
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at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine.
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call today at see car insurance in a whole new light. liberty mutual insurance. >> i've got numbers for you from ford motor company. for december sales up 8% in december compared to the previous december and the f-series, the lovely trucks, i'm going to buy one. up 15% december over december. that's ford, they will open unchanged. now fox learned that 17 detainees at guantanamo bay are scheduled for transfers earlier this week. here is the problem, many of them are al qaeda people. kt mcfarland back with us. what's going on with this? the military doesn't want to close gitmo. >> no. stuart: why? >> the president wants to close gitmo and open the doors and he can come to the american people, there's no one there,
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and give it back to cuba. the. stuart: but the recitivism. >> last year, one was supposedly harmless because he was usama bin laden's cook. guess what, he's now running bun of the lethal parts. stuart: why doesn't he take some heat for this. >> he's the teflon president, anything he does, they applaud it. look at the iran deal, he should be taken over the coals on that. opening gitmo and letting the prisoners out. stuart: a resignation by a senior military official and said i've had enough, i'm not doing this. >> because he's fired the ones before they have a chance to resign. the only ones left are-- it's a good group of military and hope they'll do more in the next administration. stuart: why don't i have more time for you. thank you, kt. china, one of our guests says it's a ponzi scheme. we'll discuss that.
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stuart: "the opening bell" is going to ring in 25 seconds. we're coming off of a huge drop yesterday.
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we were close to 300 points. when we were on the air yesterday the dow was off 400 points and kerrimac by the close. down 10 or 15 points, not a huge decline mainly because the price of oil is now down again and the dow futures tied down 13. it is 9:30. we are off and running, we are now trading and we are up 5, up 3, let's call it a dead flat opening. ashley webster is here, liz macdonald is here, todd worrell was, mike murphy raises the new york set. the backdrop to today's rating is similarity yesterday. china, big slowdown. you called shine at a vast ponzi scheme. you have 20 seconds to make your case. >> china and the federal reserve are both ponzi schemes, they
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create new money to satisfy all the debt, have not provided growth anywhere but have artificial numbers and artificial money allowing companies to artificially built with no shorting, we have house of cards which as a ponzi scheme, new debt, trading, new money to satisfy old debt is a ponzi scheme and china and the rest of the central bank. stuart: the people not buying your theory. we start with mike. >> i couldn't disagree more. we had the federal reserve issuing, printing money and issuing debt as long as i have been doing this and you go back, the only time i have seen people call for a major pullback that for the last 21 years people have been calling for major corrections, it never ever works. in 2008, people were not calling for a major pullback.
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i couldn't disagree with what todd is saying more. and is maturing, china is not going out of business. it will be there. that portfolio, keeping up to allocated to china. yesterday move affected you negatively you want to rebalance your portfolio. yesterday is a one day event. liz: losses and the s&p 500, that is a whole, it feels horrible but china had an attack in january, february of 2011, 2014, august of last year, market still came back. stuart: last word on china. >> i am in the same cam. ashley: markets were chaotic at best, complete lack of confidence that beijing knows what it is doing, of $21 billion into the financial system, they don't understand the rules, it
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is a casino, very much, the house of cards analogy is very close. stuart: look at smith and wesson, the gunmaker. ashley:.44 magnum. nonstop is up. an all time high, smith and wesson, a 12% gain. this raced the earnings forecast. ever since the -- president obama will be unveiling new gun laws today specifically dealing with background checks. all this plays into hands of the gun makers, people are getting their guns, what could be strict rules, look at some of these numbers, smith and wesson, since san bernardino of 26%, the paris attacks up 32% of the entire year 2013 up 132%. stuart: the gunmaker doing very well. i got general motors sales numbers in for the month of december up 5.7%.
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and $33 per share. >> smith and wesson, one of the largest holdings, the stock has had a cue huge run, that is completely accurate. remember how stocks are priced and function of earnings, smith and wesson told us earnings are going higher. these stocks are, quote, expensive. i like stocks here, if you want to find the stock right now use it to protect yourself but there's a lot of upside, more guns will be sold now that have been done in 20 years. stuart: president obama will suggest more controls. big came -- big-name stocks, following all of last year, amazon, netflix, facebook,
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apple, they took a hit yesterday. here is where they opened today. amazon up 5 bucks, netflix a little bit higher, a bit lower, facebook 102, apple 104. any of those stocks on the screen look attractive at those prices? >> avalanche facebook yes. amazon i would say no, but i would say no this time last year. based on the valuation would have said don't buy amazon, up 100%. companies like amazon and netflix are not companies you value as you would normally value a stock, they are momentum stocks, huge runs and changing the way we are doing things. stuart: netflix got downgraded. ashley: downgrading unconcerned of the number of subscribers slowing in the u.s. the ceiling of subscribers may be lower than anticipated and spending a lot of money for content and to expand around the world. however, they gave the downgrades in the long run, it will be a strong bet.
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now facebook, a day start taking preliminary orders, for the orders tomorrow. liz: virtual reality headset, atm pacific time, don't know the price for the release date, anywhere from $400 to $600. they won't get a touch control just yet. that is in the second half. this will come with microsoft controllers so free video games. stuart: i'm intrigued by the whole idea. liz: what a time to check out, they could really check it out. stuart: we are not going there. i want to see where banks and financials, what they are doing because that was the hardest-hit
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sector in the big sell-off yesterday. financials, where are they? nicole: jpmorgan and morgan stanley all up arrows with the exception of goldman sachs, down 1/4 of 1 presentable we see wells fargo and morgan stanley up 1%, as you noticed this was the worst of the 10. all ten were lower and financial plans and health care the worst sectors of the day but a little bit back today. but not recovering will losses of yesterday. many of these were down 2% 43% yesterday. stuart: look at oil, the muslim civil war, that is what i am calling it, clearly escalating today. what happens to oil if this escalation, saudi arabia versus iran, continues. sure the oil goes up, doesn't it? >> i don't think what happens in the middle east has any effect
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of oil here. we make enough oil ourselves that we are exporting our own. we are not as dependent, you concede that based on the threat. what happens happens, all oil is now trading based upon what true fundamentals are, we are oversupplied, found a pretty good base at $35 and i would look for oil to go higher from here not because of what is going on but followed good support levels. stuart: on this program a few minutes ago kt mcfarland was saying it would be a shooting war between saudi arabia and iran in the middle east. isn't that a good time to buy gold? >> on paper yes but there are so many other investments i would want to make outside of gold. we have had conflicts in the middle east for so long it is going back 2,000 years and that won't anytime soon. i don't want to buy at chunk of gold on the believe that it will
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be a safe haven. that worked 100 years ago, i don't think it works any longer. stuart: buying gold will put it into your estate plan. in your backyard -- check the big board, we're 18 points on the dow jones industrial average, it is the come back of sorts. casino stocks, big day today, it is not a big day, they had a big day on the downside, they do a lot of business, a proxy of china, only bouncing back a tiny fraction. they take a hit yesterday. wouldn't touch them with a ten foot pole. >> too hard to value, too many other areas. stuart: ford sales numbers came out earlier, he% in december compared to a year before. ford motor co. down 1/1/4%.
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j. c. penney got an upgrade and all they got is the $0.13 game, $7 a share. weakness in china's economy, opening day today, i want to bring in peter morici, economics professor. is shine at in or going to recession. everybody wants to know. >> depends on how you define it. if the relevant country grows in a recession, that is possible in china. it will grow a lot less than reported statistics allege but even if it could, simply lowering the exchange rate, more auto parts here won't solve the problems. they need to grow in high-tech and so forth and the oppressive regime there imposing on the internet, track your social media, everything you are doing,
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could throw you in jail, any kind of intrusive will not cause technology entrepreneurs to stay there. they're all coming to my university and studying engineering and getting american passports. stuart: if you discount china as an influence on the american stock market, what do you look at? if i am looking at an indicator where the market is going what is the indicator of should look at? what is it? >> 2%. the more we get like france the more we grow like france. look what is happening in california as of yesterday. the government is going to regulate 3-quarters of private transactions, employment contracts by requiring employers to justify every time a woman turned the difference on than a man. that micromanagement is exactly what made france what it is. if we are going to grow at numb to present the only profit growth we will have in the united states with some productivity growth is by people
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cutting labor, people employing -- fewer people and by having slow growth. our stock market is going to increasingly look like a european market. does that mean it can't bounce this year? of course it can bounce this year but are we going into a slow growth period? absolutely. we are going to continue as long as we have the kinds of policies we have. stuart: very interesting, we will see you again very soon, peter morici. the obama administration starting its early-morning raids on illegal immigrants. homeland security wants then deported, remove. remember what donald trump unveiled a similar plan, he was called a racist. we are discussing this in a moment. this weeks btv spotlight features parnell pharmaceuticals, parn on nasdaq. parnell is focused on delivering innovative solutions to unmetanimal health needs in the
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stuart: we are a little higher
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after a big drop yesterday, 40 points on the dow industrials, 17-187. gunstocks, the president will detail his latest gun-control measures, we all run out and buy guns. that is why smith and wesson, all-time high at 66 this morning. look at first solar please, goldman sachs says by it, it raises price target to 100 from 61. it is up $4 at 71. there is a bitter face-off between iran and saudi arabia pushing the region dangerously to a real shooting war. sunnis versus shia, saudi arabia versus iran. the former ambassador named james kane joins us now. thank you for joining us this morning. we welcome your diplomatic expertise here because i don't think i know and i don't think anybody does know whose side is
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america on? saudi arabia, our old ally, versus iran with nuclear deal, whose side are we on? >> this recent activity is about one thing, the saudi efforts to stop the transfer of $100 billion in funds to iran that would be unfrozen because of a iran nuclear deal from the white house. that is what saudi arabia is trying to prohibit because they know with $100 billion in their pocket iran can do terrible things in the region, destabilize syria further, yemen, the rest of the region and that is what we're trying to stop. historically we would naturally ally with the saudis but if you see the movement of this administration the last few years the saudis are convinced as are the israelis and the rest of our allies in the region they can no longer count on america as their friend. stuart: what do you think? you watch the diplomatic scene carefully.
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do you think we are tilting towards iran because we want the iran nuclear deal above all else? >> absolutely. if you look at the white house's activities for the last several years since the rising in the middle east since 2007 you see a tilt towards the iranians and non-traditional allies that has been destabilizing and troubling not only to our allies like saudi arabia and bahrain but even our allies like britain and france and germany who are concerned about america stepping back its role in the region and in its place you see not only the rise of iran but russia coming in, china into northern africana and the desire to pull america back for engagement in the world is what you see destabilization not just in syria, not just in places like yemen but the rest of the region. stuart: i have a very limited time but here's the question nobody is asking.
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if iran bitterly attacks the saudi oil fields with a missile for example, will we, america, defend saudi arabia? >> i can't imagine that we wouldn't. we obviously should. history would suggest that we would, but who knows what this white house would do? if that happens before the 21st of january in a year from now it is unlikely we would support our allies in the region as we have historically. stuart: good heavens. i am sorry the interview is over because iron out of time but that is an astonishing statement, it really is. please come back. >> the course of the last few years. stuart: come back and see us again soon. pitt convicted murderer featured in a netflix documentary the subject of an online petition when the president to pardon
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stuart: the obama administration has begun deportation raids taking in 120 one illegals over the weekend. homeland security chief jeh
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johnson says this. this should come as no surprise. i said publicly for months that individuals who constitute enforcement priorities including families and unaccompanied children will be removed. that was a shock to me. about you, judge andrew napolitano? donald trump had a similar plan, they call the vote racist. judge napolitano: here is the difference. in the awkward position of defending the obama administration. according to the obama administration the people who have been picked up in these raids have already been adjudicated the portable and have lost their appeals and declined to leave on their own. often when a person -- they lose their appeal they are restrained until they believe these people were not restrain. the obama administration picked them up. they only picked up children who are with parents. stuart: is it political window dressing? judge napolitano: let's give credit where credit is due. this is the way the law is
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supposed to work. try the person, because the government provides defense counsel in deportation cases and the government supplies appellate counsel for those who lose their deportation hearing and once they lost the trial and lost the appeal they are deported. that is the way the law is supposed to work. stuart: that is what is going on now. judge napolitano: that is what is going on now apparently. but donald trump suggested was to prevent people from coming in on the basis of either race or religion. these are people being deported for a variety of reasons, they have committed a crime, and also the obama administration, sound like an apologist for them, they have done their best not to break up families. they have done their best to keep children with parents. if the father is the portable rather than splitting up. stuart: when you think that is a
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good thing. judge napolitano: trying to make decisions in the best interest of these people being deported. stuart: one minute left. the question related to this netflix reviewers to pardon a guy who has been convicted of murder. he is not guilty, he has been -- judge napolitano: the wave of a future. stuart: and end was described by the supreme court. and could pardon a crime. if mrs. clinton became president she would probably pardon herself. absolute and injectable.
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checks and balances, injectable. and given -- assuming she is charged. judge napolitano: she will partner herself. from being charged. it is unlimited pardoning power. judge napolitano: rarely used and really abused in american history but there for her picking should she be elected. stuart: i got a speeding ticket 25 years ago. "cavuto coast to coast" -- judge napolitano: wanted to put new for it? stuart: we will see you in the 11:00 hour. price of gas below $2. we collectively san $134 billion because of cheap gas. what did we do with all that money? charles payne says we didn't spend it. he is coming up.
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ambassador john bolton on global dimming civil war, the real fight between she and sunni. he says president obama at increasing the risk of a real shooting war. power two, two minutes away.
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stuart: it is precisely 10:00 eastern time and then stocks are the money story of the day so far, again. president obama, the best gun salesman in the world. who would have thought? he was going to announce new gun-control measures this morning and go gun sales with the civil war between sunni and shiite muslims. ambassador john bolton says president obama increases the risk of a real shooting war between the two sides. bill clinton starts kicking for hillary, big yawn, the times calls him the subdued spouse. the wall street journal says the big dog has been dubbed it has bill lost his mojo? hour two coming up. ♪
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bernard: when you cannot call this a rebound. near 300 point loss, the first half hour of business we have another nine. here is the big question for a lot of investors. big-name tech stocks were beaten up yesterday, talking amazon, netflix, apple, all of them are down a a little bit more today, not a big drop but down some more. go pro rallying at long last, $20 a share, jpmorgan believes the company's cameras sold well during holidays. that is enough for 7% bounce. the forget the price of oil very much on the minds of most investors, down today, $36 per barrel. to the middle east, saudi arabia cats all flights into and from iran, cuts all trade with iran, this is a real break.
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listen to the team mcfarland's bold prediction what happens with these two sides may run this program last hour. >> they are at economic war, diplomatic war, already going after each other. stuart: i using the shooting starts? >> leading a proxy war in yemen and the nation and on the underside in syria, do they start shooting at each other? who knows? i don't see this backing down. i see it only escalating. the united states is leaving the region. "cavuto coast to coast" when you heard it there from haiti mcfarland, and former ambassador john bolton, do they start shooting at each other and if they do, whose side are we on? >> i don't thing we see a side of that yet but we are in an environment where the visible level of tension is so high that this is when policymakers miscalculate about what they can do and what they can get away with that allows countries in
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affect to stumble into war and there's not much, i view this as a fairly direct consequence of the obama administration's withdrawal of american influence from the region, and reflected in the vienna nuclear deal, and the increase in concern among oil-producing monarchs on but radiant peninsula that the united states is moving across with the ayatollah in effect against our longstanding allies in the arab world. stuart: it seems like crunch time is upon us, american aircraft carrier in the persian gulf between iran and saudi arabia. i know i am speculating, but if iran issued a missile across the gulf headed for the saudi oilfields the captain of the aircraft carrier has to make a
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decision, issued that thing down or let it go on and destroy some saudi oilfields. that is a decision that has to be made i think in the very near future. what is going to happen? >> that is a decision for the president really. going back decades, we have flagged kuwaiti tankers with the american flag to prevent the iranian navy from disrupting trade in oil, so much goes to the strait of hormuz and we have a circumstance where the potential for subversion and sabotage by iran in the eastern province of saudi arabia and the other states is very high. i think people have underestimated how serious this is and the pullback of america leads to a much higher level of risks. stuart: if they shoot down that missile iran says that is war, and out the door goes the iran
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nuclear deal. if the missile goes through, lands in the saudi oil patch there goes the price of oil, there goes the global economy, that is where we are right now. that is my opinion. >> i think you are accurate. i think this is a very dangerous situation. the president appears to be paying little or no attention to it but the fact is the iranians, a big mistake and a prediction i made going back years when i said after they signed what became the vienna nuclear deal they will be on their best behavior until the sanctions are lifted and their assets are unfrozen. in fact, the ayatollahs have such contempt for the united states under obama that they are openly disdaining american interest in the region, all but haunting us by saying we are going to get sanctions lifted, we are going to get our money, proceed with nuclear weapons and you won't do anything and that is exactly what barack obama and john kerry are doing, nothing. stuart: thank you very much
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indeed for joining us, appreciate it. did the flooding in america's heartland is receding in some areas the crippling businesses in particular. jeff flock is live along the illinois river. give us a report from the scene. i can see you up to your knees in mud. >> talk about floodwaters receding, can proceed very well if it is frozen. listen to this. it is like a giant paint out here because this is a wintertime fled and this is the worst winter time floods in the history of the mississippi river, at least reported history and its tributaries, i can't get through this ice, we need an icebreaker. this is what they call north river beach road and if you look this way you'd see the illinois river, pretty mighty river in addition to being one of the tributaries of the mississippi. a 50 mile stretch of this river
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which transports a whole lot of barges filled with everything from soybeans, fertilizer, coal, oil barges, all sorts of stuff goes up and down this river and right now not a lot of it is moving. they tell as this will continue through january. this water is not going down any time soon. will take awhile to move out of here. stuart: nothing bring holmes the story like those pictures. good stuff, thank you very much indeed. i wanted it to the money story of the day, done stocks are up again. new executive orders controlling guns are coming this morning from the president. a goat gun stocks, gun permits, the president is the gun salesman of the world's. i am being a little facetious but you have a point here.
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>> a little facetious. let's put it this way. january 1st, 2009, smith and wesson, it is up right now 189%. stuart: in 2009, $2. that was the date or time, january of 2009. charles: if you have the resume for best gun salesman it will be hard to beat that. no one at the nra can even touch it. if obama wants to get it is his. stuart: when you buy them at these prices? charles: people who change the stocks because here is the thing. this sort of legislation, people are trying to push it legislatively and on a national level, we saw after katrina the
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confiscation of legal gun ownership, we sought a spike in gun ownership in maryland, new jersey, everywhere even on the local level where this happened gun sales spikes so people probably have rooms, a way to go. stuart: our friends at gas buddy say that we, americans, saved $134 billion at the pump because of cheap gas compared to the year before. extra in our pockets, you say we are not spending that money. make your case. charles: if you take consumer sales up to november the only place you can argue we really spent this is at restaurants. restaurants are up 8%. we go to restaurants more than we go to the grocery store knowledge outside of that, here is something that is alarming. in the last month from december 11th until yesterday the atlanta fed lowered fourth
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quarter gdp, they thought it would be 2% on december 15th. yesterday, 0.7%. that is fourth quarter gdp based on the data that is coming in. the bottom line, there's no evidence this gigantic amount of money, windfall is working. there's a difference between real prosperity and backward prosperity. one thing to say i have a few bucks in my pocket because i say that the pump and another to say extra bucks in my pocket because i got a raise, two mindsets and reactions from the american public. stuart: you do your homework. if i could get you out of bed at 4:00 you could do the show. thank you. stars scores the rights to the new star wars movie at a bargain price. i missed this story. >> this is coming from the new york post, they're going to pay
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$17 million for the right to run the new star wars movie the force awakens, that is it. at least according to the post. it is said sheep because the exclusive distribution deal stars has with disney, grants them the right to disney movies that aired last year. how about this when? 53 years old, swiss billionaire, already has twins, twin boys. she became one of the richest women in the world after the famous businessman robert louis dreyfus and took over his company when he died in 2009. three nfl teams make a move to los angeles. you have the san diego charges, oakland raiders of filing last night for relocation to the l.a. area. there has not been an nfl team there for 21 years. stuart: i don't associate football with california.
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i know i should. charles: don't even know what she said. oakland is rugged, beaten down as a means board. >> oakland raiders. charles: cappuccino. el a football doesn't seem to go together. charles: sits there and make these threats. stuart: bill clinton hits the campaign trail for hillary. the crowds not that impressed. even the new york times calls him the subdued spouse. will a staunch democrat agree with that statement? we found him and he is next.
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stuart: down 300 yesterday, down 37 in the first 45 minutes of business today. take a look at apple. we had several market watchers over the past couple days say
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apple is cheap at this level. nonetheless, it is down one dollar and $0.30 at $1.04. look at amazon. it is down again. it was down big time yesterday, $6.30 one cents, it was approaching $700 a share in the end of last year. we have new numbers from amazon about their christmas and holiday season. jo lin kent has the numbers and you have a big number. jo lin: those selling products on amazon, small-businesses, a shift 1 billion items over 2015. stuart: that is only a partial list of all the items. jo lin: that is called fulfillment by amazon, the marketplace and if you look at cybermonday in december amazon, at 23 million items were shipped. it is hard to tell because amazon says it is record-breaking but we don't have the 2014 numbers to compare
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it to so it is hard to say what it is. we will get the final holiday numbers from the fourth quarter results coming out later this month. stuart: you were asked in new jersey, gigantic fulfillment sector, 23 footballs. jo lin: 24 footballs. stuart: you revers on that monday. jo lin: those packages you saw were right there. it is everything in one place run by all the robots but we know amazon has gotten ahead in the holiday season for shopping overall versus pretend mortar, 36% of all online sales for black friday were amazon so they are on not momentous -- we will see if they can deliver. stuart: stock has come down from 700 to 630, that is quite a story. i wish i could come do that. might never get out of the
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studio. jo lin: sounds like the challenge. stuart: all kinds of challenges in my life. got to get to politics. bill clinton out campaigning for hillary. look at this headline from the wall street journal. bill clinton, the big dog gets fixed. that is an unfortunate way of putting it. the new york times says bill clinton, the subdued spouse, makes his campaign debut. we will get to you in a second. that is not all. one reporter asked bill clinton if his past is fair game. watch this. >> donald trump, got to ask, warming up on the trail. >> i am trying to help the democrats of this country and hillary would be the best
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president. i think there's always a chance to make the election, just going to give it to them. jo lin: what does that mean? stuart: committed democrat. >> you just make things up as they go along. committed democrat? stuart: that was pathetic, blustered response to a question he should have expected from years and years ago. >> experience. how many times as the nests the questions about his past. stuart: is that the best answer? he gets five seconds. >> she was kind of hot, the reporter. maybe he was thrown off. stuart: he goes -- this is the master politician. out egos, 100 people in a
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gymnasium, thousands of people, master politician campaigning for his wife. he is not the master politician you cracked and up to the. >> the bigger issues you are afraid of is that is what this is. you are afraid of bill clinton helping out hillary because donald trump's biggest competitor is hillary clinton it you can't beat up hillary clinton which i know you like to do you will beat up her husband, who likes to ban around the white house like every other president. big deal. it is the past, 20 years ago. who cares? stuart: how would you feel about bill clinton back in the white house? >> he exited with a 70% approval rating. stuart: do you welcome it? >> he is going to be there. warner: wendy welcome it? >> sure, why not? stuart: no second thoughts about a man who abused ten women and wyatt about it?
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>> i think those cases are part of the past have been settled. i don't know. if that is not one thing that is going to make you determine whether or not you want hillary in the white house is bill clinton's past, that is pretty upsetting. stuart: do you think bill clinton's performance in his speech yesterday, his first speech out of the campaign trail supporting hillary, do you think that was a winner? >> no. he is just trying to get out there but who are the people -- -- stuart: turn him loose and support his wife, fumble around with a question he should have been expecting for a long time, looks almost embarrassed. >> at least he is out there. where are all these other -- donald trump's wife. where are the spousees, why are
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they hiding? why can't a spouse be the right hand person? wire you looking at me like that? the republican party is so pro family -- >> bill is famous for going got and opening his mouth and that was the example of him saying oh my god, and caught himself in his own thoughts. he is hamstrung by vendors to say go out and push for hillary but don't put your foot in it. >> it is something he has to address and come up with better answers. i don't think hillary's campaign people are the best people to help him with that. it is remarkable if you watch the answer very close leavitt he did not have the resounding no. that is that take away here. liz: young women's vote is what this is. >> i talked to a lot of young women about that, and they don't
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remember bill clinton. stuart: really have a hard bregenz i can't break the break. i am terrified. will you be back? yes. it appears a civil war is brewing within islam. consequences for the rest of the world shall be shall we say severe? might take on that is next. you both have a
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for a free quote, call liberty mutual at switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. stuart: look at this. a couple gunstocks hitting all-time highs, the president is cracking down on guns all over again but in texas and have a new law that lets people carry their guns out in the open. we ask a gun supporters on -- are you comfortable with that? later this hour carly fiorina says she is the only republican candidate who could take on hillary. she is on the show, 15 minutes
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from now. the split within islam is not right out in the open. sunni, saudia arabia, versus shia, iran. it is a confrontation with consequences that extent we be on the middle east. in this dramatic situation is hard to figure out what president obama stands. he is caught in the middle. he said the ball rolling but now can't control it and doesn't know which way it is going to go. he needs the soones as allies, saudi arabia, kuwait, bahrain, debbie oil, the money and the american military faces on their land. difficult allies, tough to be friends with a country that treats women like possessions and whose countrymen gave us 9/11 bosh at the end the date rent it doesn't count. money and military power does. so we need the saudis, the sunnis. on the other hand president obama has staked his legacy on foreign policy on his nuclear deal with iran.
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he needs the mullahs. if he backs the saudis he loses the mullahs and the nuke deal too. what will america do? a confrontation, the islamic civil war roles on. i don't know. frankly i don't think the people who run our disastrous foreign policy know either but i suspect crunch time is just around world. if they launched, would america issued down an iranian missile heading for the saudi oilfields? we could do it but if we did, kiss goodbye to the nuclear deal. the iranians would say that is war. or will we met the missile fly and kiss goodbye to the global economy as oil spikes and saudi arabia descends into cabs. yet again the obama team is and a quarter of its own making. we have a lot of stake here. way more than the president's foreign policy legacy. events have caught up with him. amateur hour at the white house, a middle east catastrophe stares us in the face a you can't blame this on climate change. i have asthma...
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stuart: we are down 70 points. barely at 17,000 as of right now. smith & wesson. they make the long barrel 44 magnum that dirty harry use. thank you very much. way they are today. that is a 52 week high. why is all a big catholic? president obama is about to make an announcement on more gun control. in texas, a new law went into effect. carrying openly in public. yesterday we spoke to a texas businessman who does not want
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open carry in his restaurants. >> we welcome concealed handguns and restaurants. opening carry constitutes a perceived threat by a lot of people. we want to take care of a lot of our customers. >> no opening carry in his restaurants. kde. i know you're big second amendment supporter. i am. i really a.m. it makes america absolutely unique. i will defend that right to the death. it gives me pause. walking down the street with the kids. a long columns a guy with a rifle over his shoulder. a 45 inside the restaurant. i am intimidated. i am not sure i like it.
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>> also from england. we have that in common. look, the reason why texas passed open carry is a matter to allow people carry openly. in texas before, if you are carrying concealed, something off the top shelf in your firearm accidentally showed, that was a cry. not a reason to make sure that people were getting in trouble. >> you know what i am getting out. you know where i am coming from. >> people who are not around firearms, maybe like new york city where they are not used to seeing firearms opened by open. open carry.
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stuart: i suspect you are in and around washington, d.c. >> virginia. >> okay. on the other side of the river. okay. the freedom side. do you want to see where i fall's and handguns carried openly in the streets around where you live? >> i do not necessarily think that that is a fair question. when it comes down to people who understand that they are doing this for their own self protection, they realize that that concealed carry is a better tactical option. there are not people on a regular basis of walking around with rifles. i understand where you are coming from. not getting in trouble legally.
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having both open and concealed carry. >> that is true. i have breaking news developing. thank you for joining us. american forces attacked in afghanistan. >> they were fighting the taliban and. around the city. this has been confirmed by fox news. we do not know how badly. we do know that a helicopter landed to get both forces out. that helicopter sustained damage. that helicopter is now on the ground. another city developing. >> continue to follow it. >> there could have been one service member killed. we are still tracking this story for you. >> congressmen chris stuart is with us.
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he is a military guy. you are on the house intelligence committee. we are just bringing this news to our viewers. your first response to attack on military personnel in afghanistan. >> i have spent a lot of time in the region. men and women working under very dangerous circumstances. i hope that they are successful in trying to bring some stability to a very dangerous part of the world. >> we have had people saying that the taliban and is about to take over afghanistan. just take the place over. >> they have had some success. there is no question about that. it is really quite discouraging. the administration is president in their idea.
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after so much blood and treasure has been extended to try to gain some success there. just try to turn their backs on them. stuart: real fast, congressmen, if you look at the standoff, we are told that it is really palpable. pretty close to an actual shooting war. whose side are we on here? >> we are on the side of peace. the u.s. policy no they have this president over the barrel. he is terrified of this nuclear agreement. there is no possible way that he would hold iran possible for their actions. they know that. it worries me some of the actions that they may take. stuart: chris stuart, we thank
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you very much for joining us today. we appreciate your input on this. check that big board. we have come back a little. we have the sector report for you. for that, i will bring in market watchers viewed johnson. i have been hiding out. you are predicting they'd gains for two big-name stocks. apple and google. you have a target price of $171 a share. is that right? >> that is right. who knows. essentially, we think, based on valuation, the stock could have a real move.
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i think, eventually, about $170 stock. you buy apple now. the grounds that this thing is going up. how about google. you have a target on that. $823 a share. >> that is right. a little bit more skeptical on. i do not own it personally. it is one that we are really watching. it is among that group of stocks. the facebook fan the amazons. i would add microsoft to that list. really, really good movers. you have to find companies like google and apple. stuart: staring right at you.
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welcome back. carly fio three not. the debate that people really want to see is her against hillary clinton. she is on the show next. tesla has a new competitor. 200 plus miles per hour. virtual-reality displays. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future, we're here for you. we're legalzoom, and for over 10 years we've helped families just like yours with wills and living trusts. so when you're ready, start with us. doing the right thing has never been easier. legalzoom. legal help is here.
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nicole: i am not call petallides with your fox business brief. stocks are somewhat mixed today. going back and forth. the nasdaq composite. up one and a half percent. united health also leads the way. caterpillar and american express. down 2%. hitting a new low. going to produce the first japanese. that stock is up 1.4%. soaring since the day that was up. pandora under pressure once again. it could move to the downside. today it is down about the percent. fbn a.m. be there. ♪ all these leaves and i was going back generation after generation.
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stuart: we have this breaking news developing. what do we have? >> the taliban and across the city. we are now getting reports. maybe one soldier killed. two injured.
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it went to rescue the soldiers. it is unclear whether it was a problem. we are following the situation. one dead, two injured so far. look at the big board, please. down 74%. seventy-one is where we are. earlier today, i spoke with carly fio three not. watch this. >> we have a special guest. that would be carly fio arena. welcome back to the program. >> thank you. happy new year. congratulations on becoming an american citizen. that is fantastic news. congratulations. >> thank you. donald trump, ted cruz, outsiders.
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why are you not up there with the trump and cruises of the world? >> ted cruz is not an outsider. he has been running for office all his professional life. donald trump is sort of the kim kardashian of politics. famous for being famous. though polls are not predictive at this point. they never have been. >> though polls do show that white republican women are the angriest section of all voters. if that is the case, why aren't you doing better than you are? you are standing in the polls. why argue not doing better given that group of people? >> putting this in context.
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when i launch my campaign in may, i was 17 out of 16. less than 3% of voters that ever heard of me. right now, i am tired of people that have been in politics for a long time. they have spent tens of millions of dollars on television. women are angry. let us not forget that. they are a gray because they feel powerless in their lives. more of them are living in poverty than ever before. they are angry because they're children do not even know what the american dream is. they are particularly angry because they feel as though sometimes they are neither listen to nor valued. i think we need to remember that as we go into this election. stuart: would you accept the vice presidential position?
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>> would you ask any of the other mail candidates that question? >> yes. >> i suspect that you will. i am not running to be vice president and i am i'm not running to be a candidate officer. i am running for the presidency. we do have to beat hillary clinton. >> will you take part in the next debate even if you are not in the top tier? >> i will be in south carolina. i will debate anyone anytime anywhere. >> can you beat hillary clinton? >> yes, sir. i can beat hillary clinton. why? i am the only candidate that has a unique opportunity to hold her accountable. she will not be able to talk about the historic nature of her
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candidacy when she faces me. she will have to answer for her lack of accomplishment. answer for her allies. answer for her world liens on the clinton way. she will have to answer for the fact that she has gone every foreign challenge collection wrong. >> okay. joining us from new hampshire higher. thank you for being with us today. we appreciate it. >> thank you, stuart. happy new year. stuart: i will ask. i promise. i will do that. the new supercar. 200 miles an hour. 1000-horsepower. virtual reality displays. there you see it. ♪ well on, well on, on social media.
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is this a legitimate competitor to what tesla is are ready doing? >> it came out of nowhere a couple months ago. a billion dollars. backed by a chinese. a lot of people found the auto industry working for them. it definitely seems like a very serious effort. >> it is not really the type of car that will put it out. >> this platform. battery powered. being able to scale up and down. this is a very exciting version of that. they actually said they may make a few. >> you are on your own literally. part of the idea is this horrific experience where you will be able to just order up a
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car and have it come to your house. ashley: they say it is based on architecture. >> one platform scaled up and down. it depends on the application. ashley: what about cost? >> they have not really talked about where they're going on the market. going with the high-end stuff. ashley: competition is good. gary, thank you so much. president obama will go around congress. we will get stewart's take on that. ♪
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>> president obama president obama is the best gun salesman in america. i am not being sarcastic. i am stating a fact.
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calling for gun controls on gun controls. taking guns off private citizens which is priority. better sales. precisely because the president called for gun controls. the president tried to lock together all gun violence. as if terror was the same. the citizens that want to defend themselves. trying to convert a terror attack. a political weapon for gun control. president obama could not bring islamic terror.
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185,000 on a friday after thanksgiving. the president is extremely ideological. the left hates guns. perhaps there was a time when it was a political winner. times have changed. americans want to defend themselves. now, when the left wants to disarm the country, voters head to the gun store before it is too late. the president ignores the fundamental right to self defense. ♪ developing story. here we go. u.s. special forces were attacked by the taliban and in afghanistan.
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there were two separate incidents. >> a helicopter that came under fire. someone was actually injured. disabled for a period of time. u.s. losses came under small arms fire. this is around the city of marshall. one day, two injured. stuart: let's bring in former army intelligence officer. frequent guest on this program. it seems to us, falling to the taliban and. >> if it does fall, it starts in belmont. stuart: that is where this incident occurred? >> exactly. 100,000 troops. the most violent here and the most lawless place in
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afghanistan. that is why in 2010 when obama began his new offense if, it started not too far from where those injuries. stuart: you know what is going on here. are we going to lose afghanistan? >> i think not. pro- taliban and forces them pro-government forces. very close. a dirty, murky government by bribes. who commits the least felonies. >> it becomes a homeland for terror training. people are not pleased with the pallet band taking control. he used the guns.
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>> there are a lot of people with guns. stuart: do you get the impression, i do, that the middle east, in general, including afghanistan, is spiraling out of control? this is getting out of control. it is a real problem. >> one bright light in the saudi are romney and conflict, they have no real incentive to escalate this further. they are winning at the current level of conflict. they are about to get $150 billion in sanctions released. by the way, their situation at home is much better than the saudi situation. away from the edge of the cliff.
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thank you very much for joining us. just look at those gun sales. what you are looking at is smith & wesson. all-time high. fifty-two week high. why are they up so much? it is because the president is about to announce a new executive orders for gun control. judge andrew napolitano. how do you feel about that? first of all, we understand the president will spend an extra half half-billion dollars on mental health. nothing unconstitutional about bad. >> he has the leeway to spend that money and to decide how to spend it. stuart: 230 examiners. >> fbi agents or fbi analyst who will, in his view, expand the
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database to which the gun sellers access when they do background checks. stuart: nothing unconstitutional about the way they do that. >> the most announce to them is a vocational sales. if you sell a gun to a friend, a friend that you know well, the president wants you to get a federal firearms license in order to do so. your friend covets it. you agree on the amount. you have known the friend for four years. the most difficult onerous burdens license to get. the congress has rejected that imposition. the president is overruling the congressional well on this by writing into law something the
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congress has three times declined to do. >> i am not sure that the president will propose that extra firearms steal. i do not know that he is going to say that. >> the documents that the white house released last night indicated that he will issue an executive order. a key phrase for two or more sales. who under our system interprets the meanings of statues? is it the statute? first changing congressional well. second, the statute on his own. he wants physicians to engage. a very interesting conversation. a bb gun for christmas. we will give him lessons on that. to report that to the department
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of homeland security. stuart: must the doctor report that conversation? do i report or don't i report. >> that depends on how you read the law. i would say you have the discretion to go take a hike. others would disagree with me. you have to follow what they tell you to do. >> immediately going to court. >> hiring 500 federal agents. wanting to impose federal licensing. that cannot happen. stuart: judge andrew napolitano. huge drops yesterday. down 12. 171 is where we are.
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big names dragging the dow down. caterpillar, american express, disney, chevron. they are all down about 1% a piece. they have always made the running. three of them are down today. only facebook is up $0.62. do not forget about oil. 3638. dropping to the $35 level. the stock market does not like that at all. thirty-six on oil as we speak. >> normally, though oil market would go shooting up. it just shows you how much extra oil there is on the market. the global demand is not there.
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it is very interesting. stuart: joining us now is market watcher michael eastern. here is a guy that likes of dividend stocks. it has been a theme on this program. look at my notes. you like dividend stocks. in particular, you like con edison. >> it is now 4%. several dividend stocks that are out there right now. they have a long history of stable or growing dividends. you are hedging your bed a little bit. waiting for the market to come back. >> you also mentioned emerson select her. that is not a company i am familiar with. >> they are a utility stock.
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pain between four and 6% yield. that is a very attractive yield in today's environment. stuart: healthcare real estate investor firm. just tell me what it pays. >> paying about 6%. there is a real estate trust. >> i will get that. thank you very much, indeed. new hampshire republican state senator majority leader. you are a chris christie guy. am i right? do you support him?
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>> yes. i am supporting governor christie. we have five weeks ago. five weeks from today. we will do quite well. what is special about chris christie? >> i think the big things that our country is facing. two things in particular. a really good record there. a strong background in what we need to do to win the fight against terrorism. $18 trillion accumulated debt. one of the only ones that put out a specific plan on entitlement reform. i know that he has the back bone given what he has done in new jersey. regarding pensions to bring that kind of courage to washington to tackle our entitlement
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situation. >> in what way can he beat trump? do you think he can beat trump in new hampshire are? >> you know, i think he does not have to beat trump. he needs a very strong showing second place. he is looking strong in new hampshire higher. my hope is that he gets about 20-22% of a strong showing. back catapulted him into the next dates. >> the primary is next month. we will be watching. much appreciated. stuart: happy new year. missouri and eleanor a bracing for more flooding. the water is still rising. we will take you there in a moment. ♪
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stuart: the flooding in the midwest has reached historic proportions. jeff flock is there. at that elin knowing wherever. >> it does not really mean a whole lot sometimes. the water level reaches its highest point. along the river designed to deal with flooding. take a look at this one over here. this is build up on cinder blocks with the garage underneath it. you open up the garage and to let the water run right through it. some of these homes are built to withstand this. the real problem, i think, stuart, is shipping up and down this river. it has really been a problem. it has been severely limited. in some places, completely stopped.
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that may continue on for a wild. the business may be badly damaged for a while. stuart: my heart goes out to the homeowners. i do not care. ice along the river in the summer. you know what i mean. the pictures tell the story. bill clinton. he hit the campaign trail yesterday. helping hillary. first-time out-of-the-box. managing only to get a couple hundred people to show up. the master politician. first time out there in new hampshire higher. "new york times" said a subdued spouse. >> yes. they got a big rob lum.
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both bill and hillary. they have a huge authenticity problem. only be affected as a seer. so many people across the country still question the clinton's marriage. what is going on between these two? that is not a little problem. >> you are right. that is a question that has occurred to a lot of people. >> we really have not seen much of these to to be seen together. i think they need to pick one of these interviewers. say what is going on. i do not know what they would say. it will be -- hillary just becomes a political, sort of
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aggressive. will say and do anything candidate that people believe her to be. america, especially the base, has grown accustomed to a loving happy marital couple. i saw him speak in new hampshire are yesterday. we fell in love. >> we have been married for 45 years. what does that even mean when it comes to these two? no one is really talking about this in a big way get. he can only be as effective as people believe them to be. when it comes to this issue, a lot of credibility is at play here. >> you addressed it. head on. thank you. question.
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what does $1 million get to for a piece of real estate in manhattan? i've got a hint. not much. details in a moment. ♪
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stuart: look at this. go pro has gone up a little.
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nearly 3%. jpmorgan says that camera sold well during the holidays. enough to put toprol close to $20 a share. buying real estate in manhattan. give me the number. >> medium sales price. $1.5 million. wherever you live. this is a basic apartment. that will vary. i cannot break down that number for you. i am just throwing that out there. you may have two bedrooms. likely you will get one, though. average apartment prices, condo, whatever, l.a. 683. miami, 685.
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these are the luxury clientele. they are going to l.a. and miami. new york city. >> they should be citizens. >> the average was almost 2 million. that is including some of the more luxury spots. >> insane. crazy. the subdued spouse. the big dog has been fixed. we are talking after this. ♪
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.. tucson.
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blew an amp.but good nights.
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sure,music's why we do this,but it's still our business. we spend days booking gigs, then we've gotta put in the miles to get there. but it's not without its perks. like seeing our album sales go through the roof enough to finally start paying meg's little brother- i mean,our new tour manager-with real,actual money. we run on quickbooks.that's how we own it. stuart: we're back to the same story, stocks done because oil is down. that is the situation. liz dahlem approaching $35 a barrel and the dow is off nearly 60 points. first alert, goldman sachs says by it. will go to $100 a share. is up $5, 71. what is the chance of open warfare between saudi arabia and
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iran? on this program we have had people in the know say there is a very good chance of open warfare. sebastian gawker is with us. you study the middle east, this is your business, this is your line of business. give us some perspective because we are on the outside looking at a developing situation that will see extremely serious. is there a chance of open war, saudi arabia and iran? >> the situation is very serious. if we just look at the last four years the activity of saudi arabia and iran in what was the arab spring and should more actively be called the christian winter. these nations have been active on the ground for years. look what saudi arabia has been doing in yemen with regard of the houthis, deploying -- the proxy war has been raging for
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years. is it going to escalate from a proxy war to an all-out war? recent events, execution of the imams, storming of the embassy, these do not bode well for the future. stuart: whose side are we on? i don't know. i had no idea who's side we are on. if we take the saudi side. i guess president obama loses the iran nuclear deal with if we take the iranian side and support them i guess we say goodbye to saudi arabia and the sunni state and the saudi oil. we are in a fix. >> neither of these nations share our values. remember saudi arabia was founded in allegiance between the house and a fundamentalist cleric, they have been supporting at least members of their administration for decades, groups like al qaeda and don csi iran has killed more
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americans or released american service men than any other nation since 1979. neither of these countries are true allies or potential allies. people we should be supporting our people like president cici of egypt, king abdallah of jordan, the more moderate muslims who are trying desperately to destroy groups like isis, al qaeda, is that this administration does not want to help. stuart: who is running our foreign policy? aside from president obama and john kerry, the secretary of state, the second year, who are they and are they qualified? >> the sad truth, jumped up little young people from georgetown who think they know more than four star generals. america, the most powerful nation the world has ever seen as a deputy national security adviser whose qualifications are am in a in creative writing and fine arts. that would be at monty python skit back in the u.k..
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stuart: put the name on it, who is that person? >> ben roads. stuart: what about susan rice, national security adviser? >> susan rice, samantha powers, they never wona uniform, never practiced in the national security establishment, they think because they have a graduate degree day know what they are talking about and have a monkey on their back, goes in their closet, skeleton in the closet, they are shaped by their experiences in the balkans during the 90s and the ethnic cleansing is preferable to bashar al-assad. that is not how national security works. national security is done without emotion, done with clarity and when jim jones left as the national security adviser from the obama administration, they left the building. stuart: i wish we had more time. you are invited back soon. thank you very much.
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we have been talking about this all morning, bill clinton making his campaign debut for hillary in new hampshire yesterday. here is the headline from the wall street journal. don't know why we keep repeating this but it is a good headline, bill clinton, the big guy gets fixed. hurts every time. the new york times says bill clinton, the subdued spouse makes his campaign debut and one reporter asked bill clinton this question. watch. >> donald trump -- got to ask you, is this fair game? >> i am trying to fix it for democrats in this country, hillary would be the best president. i think there's always a chance to take the election away from the people. stuart: i am sorry, you probably
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could not hear the question very well. cheryl: bill is going turn up the band. the turn of volume up so no one can hear. stuart: how you going to respond to donald trump going after you and your sexual history and i thought that was a flustered response at best. >> quite flustered for the expert politician that knows how to answer any question. stuart: i was surprised, he should have been ready for that kind of question. >> the clintons isis script and use to the media protecting them. all the clintons do is plant these questions. supporters in the audience have drawn some criticism, i don't think he was expecting to get that question. that was a shock. sometimes there is just not good answer is to really good questions and he doesn't have one. the reason they are rolling them out is not because they want to, her whole message is i am a strong independent woman, i can
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do this on my own and donald trump doesn't respect women. you know is bad when they roll out the molester husband to save the first historic female campaign. it is mind-boggling let clintons have such hubris, rolled bill after the new year, subdued he is anything but but hillary would agree. will ride a desperate? >> very desperate. >> hillary is behind in new hampshire but only a little bit to bernie sanders. she is going to be the nominee. wyatt a desperate? >> turn numbers with women are so bad and the wall street journal has been following this with real precision. millennial women, this has been written about a lot, women know this stuff. there are a lot of things women will put up with, jennifer paul mary, her spokesman when she tried to defend that went out and said women understand what donald trump means. women and especially younger women that make up the obama coalition are not buying it.
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they do not believe the stand by your man is authentic. she is not connecting. they have to roll bill out which means it is really bad because bill is not one that will connect. you have footage of him yesterday speaking -- the women rolling their eyes. women are smart and the clintons underestimated women for decades and is buying them. >> eight years ago we had president hillary if it wasn't for democratic women that did not vote for hillary in 2008. they know that. >> one black ceiling named president obama, she has the blast -- glass ceiling of obama and her husband that kept her out of the white house arguably two. stuart: conventional wisdom has it hillary clinton gets the women's vote because she is a woman and either long-suffering or has all kinds of experience, that conventional wisdom is flat out wrong. >> i am not a big fan of conventional wisdom.
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i state that all the time. i don't like conventional wisdom. and any other election, cannot be based on conventional wisdom. is out the door. the republican party learned that lesson. they don't just get a gun their face, an entire omelette, this is not the same type of election. women are not falling in line, they are not seeing through the facade that bill clinton loves women. they put him back in the white house. he loves women. stuart: be honest. in june, when donald trump first announced for the presidency, he will fade. >> the only columnist in 2009 and the man who runs this channel, and the column says it from friends, he would be a serious threat. probably the only one who called
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this race accurately from go. stuart: is donald trump the nominee? >> there is a good chance he could be. stuart: that is as far as you are going to go. it was a pleasure. in just a few moments we are going to take you to the white house where president obama is going to announce formally his latest measures, latest steps toward more gun-control. he came back from hawaii, immediately met with the attorney general and came up with a plan to control gun and gun sales and a key element. ashley: adding more people to the process of those background checks, making it much harder to go through the process. stuart: i believe you wants to hire 200 new agents. and also spend half a billion dollars on mental health. that is part of it. the main part of his new checks
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for private -- if i sell you a gun in the unlikely event -- if i sold it to you i would have to have a background check done on you because i would have to have firearms selling license. ashley: very difficult to get, very onerous to quote the judge. cheryl: you lose your gun there are penalties, they want better tracking of lost guns. >> this is going to accelerate turnout among the gop base like you have never seen before, president obama is sticking the poker in, political poker and a hornet's nestle children will not turn out african-americans the way he did and gun voters vote. stuart: back to conventional wisdom. conventional wisdom has it guns and and i guns is a winning political issue democrats, you are saying that is wrong? >> not now. endeavour has been and that is
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why hillary is on both sides, think about hillary, she has triangulated on the issue of guns, she is scared i guarantee she is petrified about these executive borders but this is where obama says my legacy is a priority, you deal with which side of this issue you are on, but she is very frightened because this will turn out voters especially now when they feel their constitutional rights are under attack and the country is under attack by radical islamic terrorists and they don't feel protected. stuart: we are waiting for the president to make a full announcement and we will get him when the announcement is made but i want to bring you into a conversation which we had previously, i think, how do you feel about guns openly on the street in texas? quickly. >> i am ok with it. stuart: the president is about to arrive at the podium. here he comes. we will listen. [applause]
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>> thank you. thank you. thank you. thank you, everybody. please have the seat. thank you. thank you. thank you, everybody. thank you so much mark, i want the thank you for your
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introduction. i still remember the first time we met. the time we spend together. the conversation we had about daniel. that changed day. my hope earnestly was to change the country. five years ago this week a sitting member of congress, and 18 others were shot at at a supermarket in tucson, arizona. it wasn't the first time i had to talk to the nation in response to a mass shooting, norwood it be the last. fort hood, binghamton, aurora, newtown, the navy yard, santa
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barbara, charleston, san bernardino. too many. thanks to a great medical team and the love of her husband mark, my dear friend and colleague gabby giffords survived. she is here today with her wonderful mom. [applause] >> thanks to a great medical team, her wonderful husband, mark who by the way, the last time i met with mark, a small
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aside, you may know mark's twin brother is in aerospace. came to the office and i said how often do you talk to him? i usually talk to him every day but the call is coming in right before the meeting so i think i may have not answered his call. which made me feel kind of bad. that is a long-distance call. i told him if his brother scott is calling today, he should take it. turned the ring her off. i was there with gabby when she was still in the hospital. we didn't think necessarily at that point that she was going to survive.
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and that visit right before memorial, an hour later she first opened her eyes. i remember talking to her mom about that. i know the pain that she and her family have endured these past five years and the rehabilitation and the work and the effort to recover from shattering injuries. and i think of all the americans who are not as fortunate. every single year, more than 30,000 americans have their lives cut short by guns.
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30,000. suicides, domestic violence, gained shooed outs, accidents, hundreds of americans with lost brothers and sisters. who buried their own children. many have learned to live with a disability. will live without the love of their life. the number of people here today, it can tell you some stories. this room right here there are a lot of stories. a lot of heartache. a lot of resilience, a lot of strength, there's also a lot of pain. this is just a small sample.
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the united states of america is not the only country on earth with violent or dangerous people. we are not inherently more prone to violence. but we are the only advanced country on earth that sees this kind of mass violence erupt with this kind of frequency. it doesn't happen in other advanced countries. it is not even close. as i have said before, somehow we have become numb to and start thinking this is normal.
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and instead of thinking about how to solve the problem, this has become one of our most polarized partisan debate. despite the fact that there's a general consensus in america of what needs to be done. that is part of the region on thursday i am going to hold a town hall meeting in virginia on gun violence. my goal here is to bring good people on both sides of this issue together for and open discussion. i am not on the ballot again. not looking to score some points. i think we can disagree without inhibiting other people's motives or being disagreeable, we don't need to be talking past one another. but we do have to feel a sense of urgency about it.
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in dr. king's words we need to feel the urgency of now. because people are dying. the constant excuses for inaction no longer do. no longer suffice. that is why we are here today. not to debate the last mass shooting but to do something to prevent the next one. [applause] >> to prove that the vast majority of americans, even if our voices are not always the loudness or the most extreme,
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care enough about the little boy like daniel to come together and take common-sense steps to save lives and protect more of our children. i want to be absolutely clear at the start, there's the rich will about this whole thing that i have to do. i believe in the second amendment. is there, written on the paper. it guarantees the right to bear arms. no matter how many times people try to twist my words are around, i taught constitutional law, i know a little bit about this. [applause] >> i get it.
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but i also believe the we can find ways to reduce gun violence consistent with the second amendment. think about it. we believe in the first amendment, the guarantee of free speech, but we accept that you can't yell fire in a theater. we understand there are some constraints on our freedom in order to protect innocent people. we cherish our right to privacy but we accept you have to go through metal detectors before being allowed to board a plane. is not because people like doing that. but we understand that that is part of the price of living in a civilized society. what is often ignored in this
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debate is a majority of gun owners actually agree. a majority of gun owners agree we can respect the second amendment while keeping an irresponsible, lawbreaking view from inflicting harm on a massive scale. today, background checks are required at gun stores. if a father wants to teach his daughter how to hunt he can walk into a gun store, get a background check, purchased his weapons safely and responsibly, this was not seen and infringement on the second amendment. contrary to the claims of what some gun rights proponents suggested this hasn't been the first step in some slippery slope to mask confiscation. contrary to claims of some
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presidential candidates apparently before this meeting, and this is not a plot to takeaway everybody's guns. you pass a background check, you purchase a firearm. the problem is, some gun sellers have been operating under different set of rules, violent felons can buy the same weapon of the internet with no background check, no questions asked. a recent study found one in 30 people looking to buy guns on one website had criminal records. one out of 30 and -- criminal records. talking about individuals convicted of serious crimes, aggravated assault, domestic violence, robbery, illegal gun possession, people with links to criminal history buying deadly weapons and this was just one web site within the span of a
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few months. so we created a system in which dangerous people are allowed to play by different set of rules than a responsible gun owner who buys his or her gun the right way and subject themselves to a background check. that doesn't make sense. everybody should have to abide by the same rules. most americans and gun owners agree. that is what we tried to change three years ago. after 26 americans including 20 children, were murdered in sandy hook, elementary. two united states senators, joe mansion, democrat west virginia and had to become a republican consulting a, both gun owners, the strong defenders of our second amendment rights, both with a grade from the nra, that is hard to get.
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work together in good faith, consulting with folks like our vice president who has been a champion on this for a long time, to write a common-sense compromise bill that would have required everyone who buys a gun to get a background check, that is it. common-sense stuff. 90% of americans supported that idea. 90% of democrats in the senate voted for that idea. but it failed. because 90% of republicans in the senate voted against that idea. how did this become such a partisan issue? republican president george w. bush once said i believe in background checks at gun shows or anywhere to make sure guns don't get in the hands of people who shouldn't have them. senator john mccain introduced a
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bipartisan measure to address the gun show loophole, we need this amendment because criminals and terrorists have exploited and are exploiting this very obvious loophole in our gun safety laws. even the nra used to support expanded background checks. most members still do, most republican voters still do. how did we get here? how did we get to the place where people think requiring a comprehensive background check means taking away people's guns? each time this comes up, we are fed the excuse that common-sense reforms, background checks might not have stopped the last massacre. or the one before that. or the one before that.
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why bother trying? i reject that thinking. [applause] >> we know we can't stop every act of violence, every act of evil in the world. maybe we could try to stop one act. some of you may recall at the same time and sandy hook happened, a disturbed person in china took a knife and tried to kill with a knife a bunch of children in china. most of them survived. meeting acceleaving access to a
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weapon. we don't prevent all traffic accidents but we take steps to try to reduce traffic accidents. as ronald reagan once said, if mandatory background checks could save more lives it would be well worth making it the law of the land. the bill before congress three years ago met that test. unfortunately too many senators failed there's irs c. failed there's irs cs. internal reno background checks make a difference. connecticut did it in gun deaths decrease by


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