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tv   Varney Company  FOX Business  December 20, 2013 9:20am-11:01am EST

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♪ and tell me what else is you gonna do, you gonna do♪ ♪ i know you gonna be sweet, darling♪ ♪ imus in the morning >> your plan's been canceled? no worries. they've changed the rules and you don't have to have insurance. good morning, everyone, yes, another obamacare bombshell. the mandate that everyone must have coverage has been suspended for millions of people. chaos for the insurers, financial trouble for everybody.
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>> it's a bombshell announcement for obamacare. if your policy was canceled you can get a bare bones plan for the next year or no plan, no coverage at all. no coverage, no penalty. here is the reason for the change. >> on health care jeanne shaheen didn't tell the truth. >> you can keep your insurance if you like it, it will increase choices for families and promote competition. >> next november if you like your senator you can keep her, if you don't, you know what to do. stuart: and as you can see,
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some senate democrats are feeling the heat. several of them are in serious danger of losing their seats to republicans as a result of this disasterous rollout. they've been urging for this change. now, anyone with a canceled policy can buy a scat catastrophic plan, you know the kind that's not good and means fewer younger and healthy people signing up and means a problem for the insurance system. >> the latest rule change could cause significant instability in the marketplace and lead to further confusion and disruption for consumers. the insurers will lose money. premiums could go up for everyone else. once again, the president changing the law to suit his own political interests. elsewhere, time is money and so some big corporate headlines for you this morning, and nike a ton more money, sales growing across every product type,
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chinese and britain. mark zuckerburg selling 41 million shares and the new headline, he's selling most of those to pay a tax bill, 2 billion dollars owed in california and federal taxes over the last two years. oracle buying the cloud computing company responsys. they think the future is in the cloud. and this 4.1% on an annual basis, does that mean that janet yellen will pull back on the printing presses? we're going to ask. and we'll look at the market, we're covering it next.
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>> all right. it's friday morning and we're close to the opening bell. joining us first of all from chicago is larry levin and scott shellady, he showed up here in new york here in the studios. first of all, to you larry, 4.1% annualized growth in the summer months. what's the implication for the market this morning? >> well, so far the market likes it. you know, certainly, stuart, we've been talking about tapering and all of this stuff. we put it in the blender and pushed the button. as soon as we get higher
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interest rates, as long as we don't get those, markets should keep going up on great news like this. the best numbers since 2011. another two surprises this week, and the reaction and where we're at. >> we've got it. and scott shellady here in new york, and indications of 4.1 growth over the summer? >> i think that the fed's announcements the last couple of days are going to keep the rates lower longer combined with the fact that we've got decent growth, i think the market is going to do well in 2014 on the back of the fact that slowly, but surely start to see things pick up. the only thing we've got to worry about is inflation. stuart: everybody is worried if you get strong growth they will cut back on the printing more. you do ent-- don't think that's going to happen. >> and right now we're leaning towards the economy doing better. stuart: look at this, 4.1% news about an hour ago, we've just opened up the market and the
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market has opened higher. so i think that probably proves your point there, but right now we're up 8 points, we've been in business for just under 1 minute. 11 points higher and look, we're closing in on 16-2 this friday morning. don't forget about gold, please. a lot of action there, it's still below $1200 an ounce. scott, your prediction is first. do you think we're going to go down to 1,000 bucks? >> we might see a 9 in front of that number, and i think that gold has been an inflation hedge, the only place we've seen inflation show up is in asset prices. if there's no inflation, the way the government looks at it, it starts to lose steam and has been. and first of all, i think that bitcoin might have taken a shine off of it. stuart: where does bitcoin come in on it? >> and the dollar and something else happens, we might want to move away from the dollar. i think that bitcoin may have taken headlines away.
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it may not be a hedge, but taken the interest away. stuart: you free market guys are whacked out over-- you really think that bitcoin is going to play that big a role, that bitcoin could move the gold market? >> i don't like the bitcoin, but i think it could steal things away and-- >> it's friday morning and gave us a great headline. welcome to new york. charles as in charles payne, tells us that the global economy is doing very, very well and nike just proved his point. look at this. stocks-- not the stock, profits up 40%, boosted by strong sales, western europe, china and north earthquake m -- north america, too. nicole? >> profits, global orders, yes, yes, yes, it's a full year outlook for 2014 and that's a little light. stuart: that's it? >> that's it. stuart: a 40% increase in profits because they said maybe it's a little light next year and the stock goes down?
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oh, please. hold on, nicole, i have a money manager with us, ed butowsky. you want to explain this to me. nike makes a 40% increase and the stock goes down? >> what happens is stocks trade prior to announcements and some people are taking profit, but important to remember of the last 44 quarters nike has seen estimates 40 times and almost trades down afterwards. expect that stock to be a big winner for years to come. stuart: would you buy it right now, $77 a share? >> yeah, i would. stuart: you would? >> nike is a big player, you'll see multiple explagues, i would be a buyer of nike. stuart: we're looking at american champions and nike is one of them firing on all cylinders. looking good. stay there, ed. a big loss for blackberry. we were ready to put this thing on death watch, but the stock this morning, this is confounding, isn't it? the stock is up. come on, nicole, you want to
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explain this one? >> all right. a big quarterly loss and they have a joint development deal. right now up 1.8% at $6.36. stuart: hold on a second, what's this development deal with foxcon. >> you're seeing a little bit of a pop because the quarterly is atrocious. stuart: what are they doing? and the stock had a 4 billion dollars loss, up, amazing. come on in, ed butowsky. explain this. you're staying away from blackberry? >> just for now. i love what they're doing. they said we lost on the devices to apple and samsung. we're going back and now going to focus on government contracts and enterprises, what they have is a great security system on their software and the enterprise systems. they're going to continue with foxcon and i believe making devices and going after the emerging market.
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remember, 95% of the world's population is outside the u.s. after. 's who they're going after some of the lowered tiered market where there's lower income. i love what they're doing and i'd be focused. i like what blackberry is doing, very smart right now. stuart: we've got a guy sitting next to us that has a cow jacket on and he makes a living trading cattle futures. is there any point in asking you for a prediction on blackberry? you want to grab and run with it? >> they don't have anything to lose. they can do deals that they couldn't do before, they don't have anything to lose. now they're at the bottom, foxcon i think the cloud enterprise with companies. it's going to be a long shot, but they have nothing to lose and they're going to roll the dice and they have nothing else to do. stuart: you make a lot of sense, scott. you should come to new york more often. i want to move on to apple, now we know why the stock missed out on the big rally because of a week profit report from one
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of apple's suppliers, jabil circuit. and they made the moldings for apple iphones. and nicole, the stock is-- >> 545, if you gained a buck or two every day you'd be happy. right now virtually flat. stuart: ed butowsky, apple, we've had predictions of $800 and $1,000 a share. are you in that camp? >> well, i don't know where it goes, but i'm not buying it right now because the law of big numbers. this is very difficult to continue to have the growth rate. even though there's great stories where they could go with this with china and other big markets, that's the one, that's the one stock out of the tech stock i'm cautious of right now. they've done too well for too long and they've got a lot of cash, but i'm not buying them right now. i would buy blackberry, i know it sounds crazy at this price point versus apple. stuart: hold on a second, look at the big board for a moment. i didn't miss it, we haven't played it up, up 52 points for the dow.
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16,232. the economy expanded annual rate of 4% over the summer. the market likes it, good news is good news. there you go. up 51. 16,230. mcdonald's stuck with 10 million pounds of mighty wings. sto scott, you live in the nation's meat capital in chicago, what do you do with 5,000 tons of wings? >> the ceo of dunkin' donuts he thinks his commission is starbucks and mcdonaad's, none of those sell wings until now, mcdonald's. if it's a way to get people in bars and restaurants, 10 cent wings, 25 cent wings, 10-1, 4-1, mcdonald's is overpriced and i think it fails and get rid of it. stuart: you sound good. >> and 10,000 tons of wings? >> i don't know what they'll do with them. stuart: send them to the
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chicago merchantile exchange. look at target stock, up to 40 million shoppers affected by the target hack. now state attorneys general are looking into whether target had proper safeguards. liz macdonald has the story. tell me about liability. >> four attorneys general looking at the safeguards, including, new york, connecticut and south dakota in here as well. here is the bottom line, tj maxx, remember that in 2007, 90 million cards allegedly hacked into. tj maxx paid almost 10 million in fines back to the states that basically were investigating that security breach because he state ag said, hey, wait a second, there's a card breach here and did not protect the state residents and customers of tj maxx, pony up money. stuart: 90 million hacked. >> at tv max. stuart: $10 million paid out. >> right.
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stuart: now target has 40 million hacked, i imagine the credit and debit card companies will make good any losses to consumers, but then they may turn round and sue target on the grounds that you didn't protect the information. that's what the state attorneys general are doing. >> could threaten or raise the interchange fees. stuart: they've got leverage. >> could possibly do that. and first class action a customer against target. target is out in print and saying we are doing what we can to stop the breaches and protect customers. stuart: class action lawsuit filed already. >> that's right. stuart: america is a great country. we've been calling amazon the king of on-line shopping, but if there's one company that could maybe match amazon, it's google. search for product right now on google and immediately you get links to on-line stores where you can buy it side stepping amazon and google gets a piece of the action. am i legitimately calling google the king on-line?
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>> the back end matters. how fast will google and retail clients ship the packages out. amazon is known for rapid-fire shipping and that's what google has to pony up. what google is saying on let's click through to buy a product on amazon and that's the selling point. stuart: that does account to some degree for google's recent rally, they've gone straight up. >> yes. stuart: all right, everybody, health insurers, has your health insurance been canceled? maybe you're a young person who doesn't need or want that coverage. no worries, the administration has changed the rules again. this is going to have huge financial implications. thank you scott, thank you, ed. thanks, liz. back in a moment. clients are always learning more
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>> it's a rally, another one. maybe it's a santa claus rally, i don't know. but the dow is up, what, 68 points as we speak above 16-2. look at gold, that's not a comeback by any means, up a buck 60 at 11-95. tech rules, we say it all the time, strong profits of the software maker red hat and it really goes up 15% higher on red hat. a disappointment though in the profitability of carmax. they take a hit on that one, down 7%. president obama changing the rules, instituting a last minute fix to the law. allowing people with canceled policies to buy the bare bone plans that were previously considered substandard or take no plan, no insurance at all. you don't have to pay a fine. crystal wright is editor of the block conservative black chick, she's a favorite of ours and a
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favorite of ours. >> good morning, stuart, how are you? >> better than obamacare. this is a bombshell. if you don't have to have insurance, it seems it breaks the mandate that everybody must have insurance which means that young people like you, why on earth should you sign up? go. >> well, you hit the nail on the led, stuart. i thought the affordable care act was to make insurance what, affordable what, to 30, 35 million americans and with each passing day what we see coming from president obama, is oh, i'm rethinking this thing called obamacare, he's nullified congress and keeps peeling back the law, right? one little repeal at a time with all of his delays. so, right now, this is really bad. the insurance companies are look, how do you expect us to cover sick people when you, now you're telling people, hey, insurance is unaffordable,
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don't you worry about it, don't you enroll, we're going to give you an exemption and you figure it out whenever you think you might want it. stuart: but that means a lot of people simply won't buy insurance because they're not fined if they don't have it, when they get sick, maybe next year, they cannot be refused coverage so they walk in, sign up, and to me, that destroys the pricing structure of the insurance business. am i going too far here? >> no, you -- look, the business model of all insurance, whether we talk auto insurance or health care insurance is, you've got to have the smart drivers, right, the safe drivers and the healthy people pool together their money to take care of what, the bad drivers and the really sick people, that's the obamacare model, remember? that's why young people are not signing up, stuart. young people and small business owners like myself are saying, you know what? it's cheaper for me to pay the penalty than actually to have health insurance under this monstrosity. i want to know where is
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congress on this. the president acts like congress is just some little shining building on a hill that he can ignore, right? >> it was senate democrats who pushed for the latest rule change. they're under pressure, they could be replaced in next year's election. they pushed for this and it was part of congress that wanted th this. >> well senators who sent the letter to hhs and president obama since november, democrat senators, you mentioned this, stuart, they're worried about something called reelections in 2014. and we know that the senate right now is in play. and i'm hoping that republicans get really smart, we've spoke been this in the past, on your show and start running on president obama and the you feel a law called obamacare that's taking away your job and it's not providing you health care, boom. stuart: do you mind if i ask a personal question. you said you run a small business. >> yes. stuart: what are you going to do? >> well, i actually have a plan
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that hasn't been canceled yet and i'm crossing my fingers, i live in the district of columbia, but you know the insurance commissioner in the district of columbia said that everybody's got to be compliant with obamacare and they want everybody to be pushing these exchanges. so my plan hasn't been canceled yet, it's care first, blue cross/blue shield, but i'll come back on your show if it is and i'll raise holy hell. stuart: you will. conservative black chick, i just love the name, that's what it is. >> thank you. stuart: merry christmas to you. >> you, too, merry christmas. stuart: gotcha. we called it, electronic cigarettes will now be treated like regular smokes in new york city and we'll deal with that in a moment and liz macdonald is still here on the subject after this. [ male announcer ] my client gloria
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>> the new york city council voting yesterday to extend the city's smoking ban to include e-cigarettes. now you will not be able to use an e-cig in any of new york city bars, parks or public places. liz, what is the reaction to this? >> a hot emotional reaction. and a study is out e-cigarettes did not emit substantial amounts of carbon monoxide or toxic compounds although they're saying, the study they need more research on toxins
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like formaldehyde and others. there's a sarcastic and biting reaction to the city council's decision, they're essentially saying, look, allow the cigarettes and helping people get off the worst tobacco cigarettes and some people on the internet saying what is new york city going to do next, require all citizens to run the marathon or outlaw elevators or escalators. stuart: it's the nanny state. would i be able to use an e-cigarettes in an office? >> no, bars, subways, offices. stuart: i find it irrational. i can't smell anything, and people have smoked them. i don't see where the offense comes in, the zealots don't want nicotine, period. >> the thing is, they need to focus on storm defenses, and
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they have bigger things at play, like storms and-- >> if you don't like it, tax it, but to ban it i think is counterproductive. that's my opinion, liz. thank you very much. >> sure. stuart: he starred in one of the greatest sit comes of all time and now he's using the internet to create buzz for the latest project. "american made", he's next and so is my take on the latest change to obamacare, all that plus charles payne and monica crowley, here they come. watch out. ♪
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>> friday december 20th, 2013. moments from now you will find out exactly wwat we think of the latest obamacare rule change. it is a financial disaster for all of us. more later. wait, we've got this, too. john rastenburger is here and randy zuckerburg is here and her brother is the facebook guy. and we're going to take a test drive. a huge profit gain for nike. charles payne saw it coming. on this friday before christmas monica crowley takes a stand for freedom, and american capitalism the way it ought to be.
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♪ >> john ratzenburger getting in on the action, it's that camera. and the global economy is on fire, and charles says it all the time. very good sales, western europe, china, britain, north america. all right, charles, the stock is down ap you can take a victory lap for your position on the global economy. charles: thanks a lot. it's pretty powerful when you look at the market overall. stuart: you would buy nike at 77. charles: nike is one of my four never-sell stocks, nike, boeing, ibm, global, behemoth, if you have a 401(k)-- >> and 40% sales for a company like nike.
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charles: they have one competitor, nike and adidias splitting up the world. stuart: that's why you like boeing, one competitor. charles: one world competitor. one. ibm has no real competitor, no real competitor, admit they're late on cloud, but they'll catch up. i love the companies with a giant global footprint and low competitors. stuart: and let's look at a company, its name is blackberry. lost 4.4 billion dollars in the latest statement period. nicole, why don't you tell me why blackberry stock is up. nicole: lose 4 billion, the stock moves higher. this is why, because of a deal, a development deal that they have witt foxcon, they make some of the apple products, apple iphones and the like. they're making certain new devices. i saw another headline that said new phone. so they're making something aimed at markets and they're going to be in indonesia with this, mexico, that's what they're going to be making. one thing about nike, you know
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how you went to american girl doll stores. stuart: yeah. nicole: nike is american girl doll definitely for boys and even girls. you can go, the kids can go with the grandparents and do this with your kids and grandkids and you meet with a consultant and you make your own personalized sneakers from the tongue to the swoosh on the size engraving with your name, your number, your color, high tops, low tops. american girl dolls for girls and nike for boys, sporty girls, i like it. stuart: i don't understand this, you can go to nike and make your own sneakers foo little boys and girls. nicole: you bring your grandchild and sit there with a grandchild. and they show you the swatches, and pick out the sneaker that you like and make it to the liker, the top of the sneaker, the side, the swoosh, the back, beneath the sole and details
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and initials and numbers. stuart: you just do this with the kids. nicole: you asked me not to tell you. stuart: i'll take my grandkids one day. nicole: they'll love it. stuart: move on, we've got a huge star with us, you know him as cliff from cheers. hits roles in animated movies like pixar, toy story, monsters university, john ratzenburger is here and he's got a project, american made, focusing on people who make great products here in america. john, welcome to the program. >> thank you. stuart: you're using this thing called crowd sourcing. >> crowd funding because i really think that it should be a wave of, well, concern because of american manufacturers leaving america. and you have nike, you talked about, but don't forget new balance. that's american made. it's in competition about you
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it keeps jobs m america. stuart: is the show going to focus on companies that make things here in america? >> make things in america and it's a larger issue as well because we're running out of people with those, with the skills to actually make things. right now there's 600,000 jobs available in manufacturing. right now. stuart: it's not going to be a comedy show? >> no, no, i'll do funny things with the people when i go into the factories and manufacturing facilities, i look to goof around a little bit it's part of my dna, i can't help it, but the main interest is going to be showing people that this is a good-- you can make a good living in manufacturing. it's okay if your kids don't go to college and all right if they become a drill press operator or welder or brick layer, that's who we are. america came from people being self-reliant and now we're crossing into self-dilutional, thinking somehow, someone somewhere is going to take care of this.
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but you've got the water systems, you know, the infrastructure that was built by our grandparents and great grandparents, we're still using that. that's going to fall apart. you can't find welders today. it's very hard to find a welder. so we have to start putting some emphasis-- >> and you want private enterprise to take care of this? >> capitalism, absolutely. stuart: are you in favor of president obama who wants to spend an awful lot of government money on infrastructure projects? >> well, i don't care who, where the money comes from, as far as this discussion is concerned. what i do care about is that there's nobody there to pay to fix those projects. we haven't trained anyone. i met a guy in the airport just the other day, he saids, he's on his way to argentina to hire welders and owns a company here in new york and he can't find a welder. that's the big concern. charles: where did it go wrong? in north dakota, the same thing, everywhere there's a
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gigantic boom, and they can't get enough workers, where did we go off the rails? >> we went off course and canceled shop courses in school. everybody's got to go to college and operate the computers. somebody has to mill the turbines that power the computers and that's the source. and we're going into the mid process and saying it's important, it's not important, it's the beginning of the process. stuart: do you think that middle america wants its sons and daughters to go into manufacturing? >> i think when they see someone coming out of a four-year plumbing training and owning their own house and their kids have to wait tables to pay off their student loans, i think they'll finally get it. monica: i just want to commend you, i know you've been talking about this for quite a while. >> ten years now. monica: and spearheading this effort to try to change the mentality here. you raised the idea of shop classes. back in the day when we were in
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school we all took shop, we took home economics and shops and i was there with a drill press. stuart: were you, really? >> yes an off-kilter school. stuart: rosie the riveter. monica: sort of. >> it makes you a capable human being. monica: it gives you a well-rounded education or an auto mmchanic and that kind of thing so that you can gravitate to those if you have a natural ability or like it. those options or gone for kids. >> it's important to understand that's where you learn fractions and angles and algeb algebra. charles: how you apply it. >> so you understand math better by virtue of having put your hands on something and cutting a 90 degree angle. stuart: how much money are you trying to raise? >> we're going for $500,000, but we'll do it with 100,000. we're going to be-- >> and this is the seed money for a tv show? >> for a tv show. >> a series.
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>> we'll go to a etwork and do it as a network show somewhere. charles: is there a website people can go to? you could raise that money today. >> fund made. stuart: you'll have to repeat that at the end of the interview, we want to raise you $500,000. >> i'll stay all day long. stuart: first, wait a second, john saw my take on martin brashear and responded to my take. and i'll show you a quick clip. >> brashear has a british accent. another leftist coming here and telling us how to behave. i have a problem with his politics and beyond that, when they hear his voice, they think i'm like that. and if you watch this program you know i'm not like that. >> that was a little rant, ladies and gentlemen about, i really don't like guys with british accents coming here like they're socialists and telling us how to live and i
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think you and i are on good terms on this one? >> well, i lived in london for ten years, i don't know if you know that. i know the difference between kennington and kensington. stuart: yes, you do. >> i've been to both places and the thing that struck me about the whole issue, first you have to conjure the thought of what he said. stuart: yes. >> and there's a blank sheet of paper and this is the thought you come up with, you know, to broadcast. you'd expect that out of like a deranged wino spitting at buses. stuart: and fired, he wasn't, he resigned. >> yeah, where did the thought come from? i go back to old school and let him and todd palin sort it out and get on with our lives. stuart: john, repeat one more time how we can get some money to you? >> right, it's fund made. we'll take suggestions, too, of
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any companies you feel in your area that, you know, need some profiling because it's all about helping our neighbors. it's really, it's about helping america help america because if we don't buy american, also, your taxes go up. people don't realize when you buy a t-shirt that's maybe $5 cheaper, well, that's nice you've saved $5, but you just put some t-shirt factory out of business. now they're gone. that money comes out of your pocket. stuart: he's a good man, ladies and gentlemen, not only because he agrees with me, but because he'll make a series called "american made" and we like that. thank you. randi zuckerburg is here and her brother is the facebook guy. she's not in love with technology. technology rules, but not in
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her house. they open we are distracted by the holidays. the family is arriving soon and parties are going strong. they think we won't notice what's going on. so they change the rules late at night, but they can't hide this one. here is my take on the latest chapter in the rolling financial collapse of obamacare. the obama team now says that if your plan has been canceled, you don't have to have insurance next year. the mandate that all must be covered has been suspended. this is a very big deal. it has huge financial implications for us all. number one, if you don't have to have it, you won't buy it. so far fewer people will sign up, so much less money goes into the pool. so prices go up for everyone else. two, less money going to insurers will likely trigger a taxpayer bailout. yes, it's written into the legislation section 1342 we top
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off the insurance companies funds if they don't make enough money. three, you can see this one coming a mile off, people will sign up for insurance when they get sick. they don't have to have coverage, but they can sign up when they want it, when they get sick. they cannot be refused. that destroys the pricing of health insurance. at the end of the day we all pay more. now, way back when obamacare was being written some people said it was an ruse and what the president wanted was government health care, and socialized medicine. perhaps they're right, because when obamacare collapses it will be replaced with more and more subdyes, more and more people are going to get a free ride and the rest of us have to pay. that could be a political winner, giving people health care and claiming the rich will pay for it all may be popular. heaven help us because in the long run we will be like europe. run away government, run away
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entitlement, crushing debt. all right, all right, friday. in the season of christmas joy i'll close with something positive. try this, maybe obamacare exposes the truth, government is not the answer. government saps the vitality out of each and every one of us. if that's now clear for all to see, and it is, our country, our future is secure. this is the quicksilver cash back card from capital one. it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for wards ea quarter" card. it's the no-games, no-messing-'rod, no-earning-limit-having, do-i-look-like-i'm-jokg, turbo-boosting, heavyweight-champion- of-the-world cash back card. thiss the quicksilver cash back card
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>> well, the star keeps rolling in, and another one rolls in. the sister of mark zuckerburg. she was a former marketing executive at facebook and now she's got two new books out there. a children's book called "dot" and one for adults called dot. i understand you're not exactly technology friendly, but i'm told if i ever came to your house and walked inside i would have to deposit my smart phone in a little bowl another the front door and would not be allowed to get it and check my messages.
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>> no. stuart: what have you got against technology? >> oh, i love technology, but you know, i do think that at some point we've become so overwhelmed by mobile devices, especially, by constantly getting come-- bombarded and text messages and tweets, we've lost the art of sitting down with a conversation. stuart: no, we haven't, we put conversations to the side while we answer our messages. >> okay, we put-- we're closer to friends and further from friendship. stuart: okay. >> so at my house, if you were coming for a dinner party. stuart: in the unlikely event that you would invite me, okay, go. i'm a wicked conservative you know that. >> i love a good friendly debate and discussion, but i would allow, you know, you could keep your cell phone, but you have to put it in your pocket not out on the table. stuart: i want to bring up another contentious subject related to this. the baby seat with the built in ipad. i'm all in favor of it.
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i see nothing wrong whatsoever with introducing very young children to technology. you, however, i think think differently. >> you know, i have two conflicting viewpoints on the seat. on one hand, i'm generally not in favor of an ipad as a baby sitter. i think if you're using technology, we're talking about a seat where you're restraining a child who can't move with a seat belt and having them passively watch an ipad. on the other hand though i have a 2 and a half-year-old son i've been that desperate mom that hasn't slept in a week who would give anything to take a shower and probably i would have paid in gold for that seat with the ipad. stuart: you agree with me, it's a free choice of the parent, whether or not they wish to have that implement in the house? >> it's absolutely the free choice of the parent. i just think that you need to make sure with tech that you're not erring on the side of using it as a baby sitter, that you're using it either cases of parental desperation or using
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it to enhance creativity and education for children. stuart: that's back in my day, we had the videotape. you'd stick on sesame street on the videotape and the child knew exactly what was coming up and sang along with everything and that was technology used as desperation baby sitter. >> that's right, if you're watching sesame street, singing along there with your kid, i don't have a problem with it, but just sit in the street restrained for two hours watching an ipad? >> virtually everybody in the audience disagrees with me. they would ban the seat, the baby seat. anybody want to come in on this. monica: my sister went to observe a grade school class here in manhattan two weeks ago. what she saw was the teachers now actively have to promote personal interaction among the children because the raised on these devices and they've been raised on smart phones and ipads, and they really don't know how to communicate with each other. so, literally now the teacher says, when a student raises his
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hand to answer a question or her hand, the entire class has to turn around and look at them. and she literally said out loud, we look at johnnie when he's talking and look at-- >> i was actually just in london on my book tour and children enter kindergarten and don't know how to hold a pencil because they do so much swiping and tapping on a book. stuart: your book offers advice how to incorporate technology into the household. >> we live in the real worlden we're dependent on it for our jobs and keep in touch. >> i love tech and fan of facebook and love everything they're doing there, but we have to be mindful of the potential tolls that technology can take on our relationships. and dot is encouraging children to look up from their devices and go play outside, i know it's a crazy concept in this
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world and dot-com how to achieve that balance. charles: i think it's a tall orderment i mean, i commend you on it because my son is 17 and so i've watched over the last few years and i've been to parties the teenagers, everyone's back is against the wall and talking to each other, and in the movie theater sitting next to each other, texting, this is a great scene. >> or is concert. we'll end up being-- i don't know where we're going to be as human beings, but will we be dumber-- >> a mark is good gift giver? >> i don't know, i'll go home. stuart: and the book sounds very interesting, i shall read it. >> i would invite you to a dinner party at my house. stuart: you would? >> i would. stuart: we'll see. we appreciate it. >> thank you, guys. stuart: it's a wonderful life. okay.
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>> hey, check that market. friday morning, right before christmas, we're up 55 points. look at that, 16,200 and look at this, amazon, co-king of on-line shopping, $400 a share. the high was 401.30. charles is going to make us money with, i can't believe this, united states steel? >> you've heard of it? >> i was brought up on it. charles: i've got to tell you i think they're turning the corner. one. things i'm focused on. the companies that lumbered and suffered the past five years should have tremendous growth the next five years. this is a prime candidate. they've lost the last five years and should be up 23, 24% going forward and john ratzenburger talked about it, there's so much demand-- >> united states steel? i thought that india and china ran the steel business. charles: india has the largest steel company, but this is-- i'm talking about just not on
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the supply side, but on the demand side i think it's so much demand out there that's gone begging for so long and this is a big name i think that's going to do extraordinarily well. stuart: charles has gone industrial on us. charles: a little industrial. stuart: you're a tech kind of guy. charles: i know, but you've got to be well-rounded. stuart: you may only watch christmas movies one a time of year, but they have an impact. and michael has a list of favorite christmas movies and we want your comments from moment and we're going to chime in from monica and charles, brief, please. reverse order, number five. >> elf. that's the youngest movie on our list, 20 years old. made in 2003. we caught up with john favro he's pleased and surprised how it's become a part of our christmas tradition. stuart: i like it. >> on practically every night.
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stuart: my kids liked it, i liked it. >> something for everyone. stuart: number 4, you're two at number four. >> and the decisions, home alone, highest grossinn live action comedy of all time. stuart: was it? >>
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e. i still watch it every year. xbox stuart: getting killed on that. sent number 2. number 2 is white christmas. >> i keep going back to this. every night, and bing crosby, irving berlin and great costumes. stuart: i like the music but was the movie a good movie? >> it sets the tone for christmas. it is not the first time white christmas appeared in a movie. that was holliday inn. everyone think it came from white christmas but not the case. stuart: i bet you are a winner at trivial pursuit. i am sure everybody can guess what would be your number one christmas movie. before you said you can guess. >> it is a wonderful life. stuart: it is. >> i will be watching another
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nntwork. stuart: why is it so much better? >> the spirit of the movie is fantastic. get him every time when the whole community ties around the angel. stuart: five or six of them. christmas music, christmas carols. nothing is more evocative of real christmas than hark the herald angels sing. silent night. >> they have your favorite christmas carols. it is a wonderful life at the end. a christmas festival. come on. stuart: charlie brown's christmas special has carols in it. >> especially at the end. stuart: i you telling me they read from the book of luke?
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>> the meaning of christmas is not commercial. stuart: i stand corrected. charles: rudolph the red nosed reindeer, frosty the snowman and those kinds of things. i am more child center. that is when i love christmas more. stuart: you don't have grandchildren? charles: i do. stuart: an excellent list in the christmas spirit. it is the rolls-royce of desktop computers, apple's mack row. the top of the line model will cost $14,000. how big a slice of apple's business is the rolls-royce of computers? we will test drive one at the moment.
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stuart: it is a bombshell. an announcement on obamacare came last night. if your policy was canceled you can get a bare bones plan for the next year like the old ones which were supposedly -psubstandard or no plan at all no coverage, you don't pay a penalty. here is the reason for this huge
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change. >> keep your insurance if you like it. it will increase choices for family, it will promote competition. >> next november if you like your senator you can keep her. if you don't, you know what to do. stuart: that is why we have this change. senate democrats in danger of losing their seats to republicans as a result of the disastrous rollout, pushing for precisely this kind of fix. president obama is changing the rules for political gain but this creates economic disaster for all kinds of people. >> this is the fourth rule change this has taken on without the approval of congress and every time he does something like this we ask is this legal? he is doing this for political reasons particularly senate democrats running in red states or purple states very
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vulnerable, that ad is brilliant and every democrat is on the record repeating the president's why if you like your plan they can keep it. they knew they would go down so the president is trying to save their skins, the problem is the individual mandate was the core central pillar reversing everything else. this is the first crack in the individual mandate which means 6 million people whose policies were cancelled, we don't know how many have been rolled or paid first premium but what this will do is accelerate the death spiral. we talked about premiums spiking and so on, this will accelerate the demise of the policy. stuart: it is an economic bombshell that kick the can down the road until after the next election. i don't think it will work. apple releasing the latest version of its high end mack pro desktop computer, some people call it the rolls royce of personal computers, a professional video and photo
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editing crowd fully loaded, to. looks like a garbage can. >> think of it like something out of 2001, very futuristic. you don't know it is a computer. stuart: get a camera on this. there it is. >> you don't know it is a computer. here is the magic. stuart: monitor and keyboard and everything else. >> now you know it is a computer and you see the components but when it is sitting on your desk it looks like the cool futuristic thing you can't track down. stuart: when you think that is cool? a garbage can? >> like are too deep to. stuart: how big a proportion of business does this high end desktop take? >> it is small. talking under 5% for the high end. where that breaks down, i'd
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bought a few other devices, this is the general consumer device, light, easy this is a little heavier and has a lot nicer screen, good to design people and stuff like that so apple trying to essentially have one product for each type of consumer. stuart: is it a success? >> so far this has sold out. you can't go on line and by one. stuart: you were talking to video production people. do they like this? >> they are over the moon about it. most people are going to notice the difference. if you want to spend tons of money and not doing video editing won't notice the difference but if you're doing video editing you will -- the whole deck is speeding up the process, not having to render stuff, editing on the fly, stuff like that. stuart: you get this thing full be loaded, $14,000, video monitors included and keyboard, $14,000. i still say that is extremely
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cheap, isn't it? it is a lot of money but if you get the equivalent of a professional editing studio -- charles: in context for what you could get ten years ago, extraordinarily cheap. that is more law, these things get better and faster and cheaper all the time. stuart: if we knew how to use it. charles: regular laptops have some much computing power i don't need it. that is the problem, gone beyond my personal meter. >> you are never going to use the video editing software. the idea is apple provides you with -- charles: even the weakest laptop, and a few websites, where did it go. where do you go at some point where it is pretty but do i need a new one? i am not using what i have now.
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>> stuff like 4 k which is a super high resolution video and that stuff will make one of these earlier computers drag. there will always be new formats that will require that. stuart: yesterday you were with us and told us netflix is streaming high-definition 4 case spinoff from breaking that. this would allow it to be -- >> not only that, it will allow people to edit so you can have 16, 4 k. displays at once on this single machine and you are bouncing from one to the other. stuart: i'd think he likes it. girl. this is very stylish. very chic. charles: he said 2001, i am thinking how, open the pod bay doors. stuart: thanks again. the new poll shows people view president bush more favorably than president obama.
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question for monica after the break, as the obamacare disaster hurt president obama more than iraq heard president bush? she will answer after the break. : the energy in one gallon of gas is also enough to keep your smartphone running for how long? 30 days? for how long? 300 days? 3,000 days? the answer is... 3,000 days. because of gasoline's high energy density, your car doesn't have to carry as mh fuel compared to other energy sources. ta the energy quiz energy lives here.
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open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free siness at stuart: the overall market is up and i have a big winner for you, softwaremaker red hat reporting a jump in third quarter profit, up nearly 20%.
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parkmack list those dreaded expectations, taking the hit down 8%. nike made a ton of money, up 40%, sales growing across every single product line especially in north america, china, western europe, stock is down $1.35. oracle buying the cloud computing co. it will pay an $1 billion, they think the future is in the cloud. investors not sure. the stock is unchanged. the retailers announcing it will become the first major u.s. retailers to accept the virtual six points. the stock goes up. monica crowleyy the way it ought to be next. ecncy in the u.s., real estate in hong kong, and the optics indust in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average.
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stuart: amazon, the stock crossing $400 a share, the horse race stock of the week. where is it please? it is at $401.27. is that the high? nicole: 40134. is up 1.5% crossing this $400 mark. i have to tell you this holiday season for the first time became an amazon junkie. i joined the crime, bought 15 gift, the only way to shop. stuart: join the club. if i can do it anybody can do it. 401. i am sure you will be checking that leader. charles says he will make us
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some money and revisit a stock you had before. level iii communication. charles: this is an old name, one of the hottest stocks in the tech sector. it is an internet service provider, big large networking things, that is why it crashed so much, facilities all over the world with the street looking at next year, $0.57, two months ago the consensus was $0.41, beating estimates, coming on strong, stock mixing new breakouts, it used to be a fan favorite. as it gains momentum people will for into it. stuart: it was much higher back in the day. a new poll from fox news, 50% of voters have a favorable opinion of president bush, 47% have an unfavorable view of president obama. is that correct? it is favorable. 47% have a favorable view of
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president obama but 50% president bush. purely political now. does this mean obamacare was worse for president obama van iraq was for george bush? >> this is a misleading comparison because you are talking president bush in his post presidential period. president obama is still the incumbent president. if you look at second term to second term where president bush was in his second term versus where obama is you see an apples-apples comparison and president bush even with the iraq war dragging him down and his unpopularity spiking he was at a higher percentage than president obama is at this point in his second term. the iraq war became incredibly unpopular, the media piled on president bush, they were relentless covering this every single day and in this case, president obama has the help of the media, he had the help of the media for the last five years and his numbers are still
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low. president obama's obamacare is having a more profound impact on his presidency than the iraq war at on obama. the iraq war at least at the beginning, a lot of democrats joining in support, in service of america's national interest. essentials that unraveled and the broader narrative stayed intact. obamacare is affecting every single american either directly or indirectly in a most negative way. when you have a domestic policy agenda item like this that affects every american in this way, pushed through on a partisan vote did not have any public by in, this is the kind of political and economic catastrophe that can destroy a presidency. charles: all of that said president obama as one of the lowest approval ratings after the first term, one of the worst economic record and still reelected. what does this mean if the gop
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doesn't take advantage of it? >> excellent question. the gop never misses an opportunity to miss an opportunity. this is why they went with a bad budget. they knew they needed to focus on obamacare next year. stuart: after the break and online shopping company offering cash back if you use their website to shop. that is next. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on qualitrated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make betr decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare.
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stuart: would you like to get paid for shopping online? that is what one web site is offering. it is a bargain hunting website that allows you to get cash back, is it a website? and you are here. i don't need to pay any money to sign up? >> membership is free to join. stuart: i want parrot glove and ask for it from some retailer on
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your web site. >> we get a commission on the sale and we are sharing of profits with you as you shop. stuart: i get cash back. >> paid to you. stuart: i need some examples would suppose i'd buy a pair of gloves for $100. how much do i get? >> depending on the merchant and the commissions they pay me i usually give you more than half of the commission so you are looking at 8 to 12% call all little lower or higher depending on a profit margin of the company and what they can afford to pay me, on average it is 8% to 10%. stuart: that sounds great but if the gloves are priced at $50 everywhere else, i pay $100 through your web site. is not such a good deal. >> that is a big price difference. stuart: you cannot -- can you guarantee i am getting -- the very low price? >> paying and selling the gross is going to pay $100.
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and that is how they were able to get the costs cheaper. they are paying less money but less cash back, the same amount of money. stuart: charles doesn't look charles: the wheels are turning. fantastic idea. do you actually send checks to people, credit accounts? >> one of them is checked and direct deposit through paypal. every popular -- stuart: direct deposit from paypal? you are out of time. you are out of time. got to be out by 5630 and almost there. we do appreciate it. your take on the latest changes in obamacare next. ♪ ♪
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stuart: top of the hour my take
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on the latest rule change in obamacare, is a financial disaster. what do you have to say? what irritates me is how small group of losers can dictate rules to the country. these people are not our god but our servants. leonard adds it is not about health care but politics. bankrupting the country. if it is true you get the government you deserve we have been very bad. charles: i am reminded when john rats and burger was here and we talked about people not doing amazing jobs. they don't have to. the fact of the matter is we are developing a country that is relying more and more on big government, we're giving away everything, our brains, our goals, dreams, the government takes care of it. less person said it best, we accepted it. merry christmas. connell: thank you.
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we have a lot coming day. we start with this billionaire ed venture capitalist in california, wants to split up the state, breakup california and put it in six different states. we will talk about kathleen sebelius, head of health and human services with rules for obamacare, delay of the individual mandate. the pope is calling on wall street firms to clean up the financial mess and of holiday shopping scramble. and retailers praying for a big weekend for a lackluster shopping season. we have the latest on that as well and dagen mcdowell this hour of markets now. >> did give you a christmas card. that is uncomfortable on the air. don't want


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