tv Varney Company FOX Business November 11, 2014 11:00am-1:01pm EST
♪ stuart:'s, veteran's day, 11:11, 2014. we have more on this throughout the program today. it is about obamacare, it was hard to believe an architect of obamacare says you are stupid for passing it. rarely has the arrogance of the liberal elite been so clear. good morning everyone. we get to stability in a moment.
the debt spiral of obamacare is gathering steam, they reduce the enrollment forecast 9 million maybe, not 13 million, watch your premiums go up and the supreme court will rule on subsidies. there is a threat. no subsidies, no obamacare. here is a lot that failed to meet any of its promises, the signature legislation of the obama years and is sliding into chaos. now tost pity. listen to what and obama red-eye thinks of you and then "varney and company" will begin. >> this bill was written in a tortured way to make sure cbo did not score the mandate of taxes, like a transparency is a huge political advantage and basically, the stupidity of the american voter or whatever but basically that was really critical to that. to get it to pass. ♪ stuart: welcome to the program
on this veterans day. first we check the market action, we are up but barely so. that does put us in record territory stuart: 7-621 is where we are. the big names that you know are hitting new highs all over again, travelers, 3 m, nike, new highs as of right now, backing off a fraction. as you know the date is 11-11 which in china is the anti valentine's day called singles they. ali baba could sell 8 or $9 billion worth of stuff during that one single day. looks like buying on the speculation yesterday, sell on the news today, we're down four points, nearly 4%. a few months ago we were looking at $90 plus, now we are well under $80, 77 right now, i am told some u.s. drillers are rethinking their future plans because oil is so cheap it can't make much profit $77 a barrel. it is still 292, it is the big
price drop for gas over? we will last guest buddy's patrick in a few minutes. these are the state's the average price of regular is under $3, holding steady at 27 states. let's get to obamacare. death spiral menu being stupid to vote for it, i am watching this thing unravel and trying to think of a single promise in the name of obamacare that has come true. fox news contributor stephen hays is with us. use any promise handout? this thing is falling to pieces, it is said debt spiral. what say you? >> that is right. the news, such as it is over the last several days going back to the election, everybody had been under the assumption that obamacare was here to stay, tinkering on the margins and if you look at the news over the last week whether it was the elections or the supreme court's
decision to hear what had been known about how the case will be known as the king case or jonathan gruber's comments devoe lowered enrollment numbers from the administration, take those in totality and what it suggests is not only is obamacare not fit to stay, not only are we not likely to see tinkering at the margins but there are questions about how sustainable it is from external factors and internal factors. stuart: i don't see how you can undo the damage that has already been done. obamacare is in place. it has shifted resources around enormously. how do you undo that? >> there is no doubt obamacare is in place. it has begun to be implemented but look at the perspective of the kind of collapse you alluded to, the possibility that we don't have as many people in these risk pools to make some sustainable. there's not a good option on either side of this continuing to implement obamacare is it is and have the numbers come in lower and collapse of its own
weight, or come up with some kind of transition to more market friendly system, it will be different, there are a number of oral care -- republican alternatives that are better than others. there has to be a significant government role as a bridge. republicans convince the country to go that way after 2017, but the idea in obamacare as we know it today is what we are looking at in -- it is falls. stuart: as i look at this thing i see chaos and i don't see any way around this chaos for a couple years. what's a you? >> that is exactly right. that is the key take away from this past week. there's a reason the obama administration reduced numbers. they're talking potentially 9 million enrollees. other estimates have as low as 7 million, even that is not likely to be enough. industry expert says you need to
develop 75%, and the risk will doesn't sustain itself. they were well below that as well. there were problems everywhere for obamacare and how we address them? and won't be like jonathan gruber suggests, i will submit. stuart: you like that, didn't you. we didn't like it, we are going to run it. incredible. steven haze, thank you as ever. let's get to the markets and specifically ali baba, charles payne is here, it is closing in on $9 billion worth of sales for one day, is hard to ignore the claims that this is the new online juggernaut. you can't disclaim that. >> they have 600 million registered users, 300 million active users, 20% of china's population and the name is starting to seep into americans, we are going to start to know,
regular people will know what ali baba is. it is interesting is down, it could have been the unofficial hy for this single day. officially there was talk of a.6 billion, but there's always whispered interestingly enough oppenheimer and a buyout with a target of 133. there is no way you can argue, it is an animated -- a juggernaut. it is right there. the street thinks will go 31% every year for the next five years, at least 30% to 50% more than any competitor. stuart: did you say the stock goes up? >> the gross of the company will grow by that much, leaps and bounds. stuart: thanks very much. sound the alarm. for the first time in a long time the national average for a gallon of regular gas did not drop out any in one day. we are still holding at 292, second day in a row we have been there.
come in patrick from gas buddy, obvious question if the decline is down to 0.1% in one day, is the long run down over? >> i don't think it is completely over. we will be slowing down a lot compared to where we were in the last few weeks. we will see the national average under $2.90. it will take time to get there, not just over night. maybe a week or two. stuart: have you ever seen a decline like this? we attracted at 47 straight days where the national average has come down and in that time frame we are down $0.42. have you seen that before? >> we have but the economy, talking about 2008, we saw that, but that was expected in 2008 in the time we are looking at now, a complete surprise. stuart: we usually check with you to find the cheapest gas in the country. i don't think i did that this morning. can you tell me where it is? >> still 225 gallon in spring,
texas. nonetheless still 225 a gallon in taxes. stuart: is that the strikes station in texas? $2.25? what is with spring texas? what is this? >> a little over the middle of nowhere, no one has heard of it but low-cost, that is exactly why it is so cheap because there is no overhead stations passing along the lower cost to their motorists. stuart: patrick, so you say the decline is not quite over. we might drop a few more cents, right? >> be on record saying the decline is not over yet. stuart: when you are on, thanks very much, always a pleasure. we just got the final sales numbers from ali baba singles day, $9.3 billion worth of stuff sold in one day. make no difference to ali baba, stock is down 4%. got a headline for you,
president obama's and high growth agenda is putting the american dream in jeopardy. we will explain it all in a moment of next. ford's big gamble rolls off the line today. brendel the mm-hmm f 150 truck, we will take it to the path that makes it. many americans who have prescriptions fail to stay on them. that's why we created programs which encourage people to take their medications regularly. so join us as we raise a glass to everyone who remembered today.
stuart: moving up just a little bit. where is the price of gold? not doing much recently except for going down. this is a rallying cry from the left. the u.s. chamber of commerce disagrees. president obama's anti-growth agenda is putting the american dream in jeopardy. what do they say about pouring cold water on the drain?
>> considered gdp growth. it is a main measure. after the great recession, one and a half percent. we have created a situation. they argued for a population growth. we build an amazing machine. american capitalism. stuart: if you could only move up the food chain. ub's growth population increasing. you need growth and you need policies.
stuart: reverse obama's policies. i do not think the president agrees with that assessment. check the share price of ford motor company. this is the toumani 15 model year. the new truck hits the show rooms next month. jeff flock has bill ford first on fox. >> 600,000 of them last year. >> obviously, we are so excited. we are not putting out sales numbers. >> a superstar here.
invented the auto industry as we know it. an american energy revolution. under $3 a gallon of gas. is this the worst of the launch? >> the number one reason people complain about it. therefore, it is a tool and tools cost money. they will love it. i would be remiss on stewart's show. he is a big fan of environmentalists. i thought i was an environmentalists. then i went to college and i thought i was the enemy. how do we reconcile that?
>> we have to. the business case has to make sense. it is really interesting what we do through this plant. we are recapturing our paint films. even on this truck, we are reusing all of the aluminum. >> his great grandfather used to get iron ore into this plant where they made the model a. it used to, and a big wooden crate. you would take the wood out and use the word from the crates and the vehicles. >> he just felt that i should be wasted in the production
process. back to the future. future is here. speak to the very best of luck. i think he has taken a huge gamble. check this out. this is very interesting. there it is. the new atlas robot. it is from google. it re-created the classic scene from karate kid. we will play the rest of this in just a moment. ♪
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they are working to develop closer ties with corporations. look at google. it is at 562. google shelling out a billion dollars for a 60 year release. they will use a giant hangar. they will use the giant hangars at the base to develop space and robotic technology. this is a robot. it has been programmed to do the iconic kick from the karate kid. it was developed by boston dynamics. this robot is huge. gigantic. it can walk. it can run. it can even drive a car. it can climb. google started off with a search engine. now it does robots and drones.
>> i pray that they never decide to do harm. they have taken a picture of your house. if you do not pay your bills -- [laughter] stuart: that is very good. who saw this coming? i think the pace that it is happening at is so interesting. you think of all of the different movies we have had. all of this will be a reality. stuart: you will actually see them. charles: it will be in our lifetime. the driverless car is not around the corner, it is right there. stuart: i have another headline
from the obamacare disaster for you. not enough people are signing up. the architecture behind the law calls it stupid. look at this. >> we have to pass the bill so we can find out what is in it away from the fog of the controversy. your insurance plan, you will keep it. if you are more than that 250 americans that have health insurance, you will keep your health insurance. [ male announcer ] you wouldn't leave your car unprotected.
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union pacific. transportation sec her leading the market higher overall. more transports hitting all-time highs. low oil. very good reason for the stocks to go up. look at toyo, please. seventy-six now. tough road for the drillers. we dropped a 10th of a penny overnight. open enrollment for obamacare. it starts saturday. they expect far fewer sign-ups than the initial estimate. >> third team billion. that is total enrollees by the end of next year.
the administration is intentionally lowering the bar to have a perceived success. >> if you lower the number that much, premiums go up. i guess that is the way it will be. >> younger, healthier people into the pool. they need those numbers. they need to get them up. stuart: thank you very much, indeed, serve. you, the voter, you, are stupid for passing it. >> lack of transparency is a huge political advantage. basically, that was really, really critical. >> all rise. his name is judge andrew
napolitano. almost lying to the elect tourette's. there is nothing unconstitutional about that. he may have really opened a can of worms that he could pass never imagined. if the instrument is ambiguous, it is construed against the drafter. we now have the actual drafter himself. we were intentionally vague. that means when the language is challenged, the supreme court has a presumption to grant the challenge and to deny the claims of the challengers. say it differently.
obamacare collapses because of the ambiguity that this character just praised. stuart: political elite, that was a disastrous videotape. it provides liability with obamacare. >> the people challenging the statute could very well say this is where we protect the challenge. we just heard on the news a year ago. this is october of team. the only people talking about the tape. the whole country should be talking about this admission. we just heard that it was intentionally written vaguely. to you remember the hulk? it is a tax.
do you remember the challengers? it is not a tax. the supreme court said it is a tax. >> the supreme court took an argument that was not in front of it and use that argument. stuart: hold on a second. charles and i were talking before the break. president obama is really get to. of. it occurs to me that maybe we should lighten up. he is the president of the united states. we do not want him to look weak in the face of our rifles and enemies. >> politically, it would be smart for opponents of that ideology this to focus more on the ideology and the president. he is a lame duck.
>> make sure we are not destroying president obama and elizabeth warren rolls into the white house. not a word came out in his defense. not there. not here. >> i see that as that. i do not see that as strategically good for the president of the united states of america. they were making jokes. >> they made him wear that ridiculous costume. could you imagine? stuart: i liked that. >> i would like to have seen
mr. varney and not purple costume. stuart: that will never happen. only the queen. only the ruling monarch in britain can wear purple. >> what color is that tie? [laughter] stuart: i have more for you. the supreme court will rule on subsidies. arch liberal in the washington post suggests that she will discourage people from enrolling due to the threat of obamacare. the supreme court next year. >> he has a very interesting argument. charles knows this better than i feared making economic decisions
in the future. right now, the odds of the supreme court, denying the irs the ability to grant those credits are probably three and five. if that happens, the statute cannot economically. the way it is right now. >> only 7 million. by the way, the penalty goes up exponentially starting next year. >> they are not penalties. [laughter] even the democrats would have voted against it. stuart: such a pleasure to see judge andrew napolitano laughing about a tax. >> i am not blaming one party.
i am glad that they got caught by one of their own party. stuart: the man that uncovered that video. why did it take so long to find that and post it? i believe it was from october 203 team. all right. thank you very much, judge. apollo ono. two gold medals. now he is competing in ironman races. if that is not a testament, i do not know what is. he is with us after the break. it is better and dave. charles payne when he was 17. did you lie about your age? we thank him for his services.
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returned. these shots of minnesota where parts of the state have received more than a foot of snow since sunday. if broke a record set in 1898. breckenridge, colorado, 6 inches of snow there. this video from south dakota. temperatures below zero. schools canceled. snow is in the forecast for the rest of the week. here is what you are seeing. these photos are from tj. i am not sure what i am seeing right there. that is a satellite dish on his roof there? okay. better luck next time, tj. we will refine that picture.
keep those pictures coming. it is november 11. keep the pictures coming, please. apollo ono. he decided to compete in one of the most challenging races of all time. this is is called the ironman. a two and a half mile swim followed by a 112-mile bike ride and then a full marathon one after another. apollo completed that in just under 10 hours. he joins me now. welcome to the program. you have to tell our viewers why you did it. >> that is a great question. i get that question all the time. i was four years retired.
i was seeking something new. something challenging. i needed something that was seemingly out of my reach. the ironman, the most coveted endurance race on the planet, it just seems so possible. my sport was 40 seconds long. i was transitioning to hours and hours and hours of training. my partner approached me and said we believe in you. we want you to take this challenge on. we think you will absolutely crush it. i had no idea i would go under 10 hours. stuart: i have one question. the end of the ironman race, how much weight had you lost. >> i had dropped about eight teen pounds.
i was still about 10 pounds heavier when i was when i competed. i think some of that is attributed to the muscle mass you build during swimming. that race is brutal. stuart: i want to get to the chocolate milk. it is good for recovery. there are all kinds of parents that are horrified of the idea of providing this chocolate note after an athletic event. make its case that it is good for recovery. >> the case has already been proven. the fact that it is in liquid form. the best lines of proteins and carbohydrates. have it digested in your body. the single most important aspect
of recovery. the fact that it has tons of electrolytes that i had no idea. i used to drink it growing up as a kid. i drink it for the taste. it is slowly making a huge change within the industry. stuart: i would drink a gallon of it if i could lose 18 pounds and 10 hours. congratulations. we are honored to have you with us. appreciate you being here. a town in massachusetts banning all tobacco products. next, a guy who runs a business and not found. he is mad and he will fight it.
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stuart: if that goes through, there would be a sweeping ban. brian, they must be real zealots there. they must really hate tobacco. it will have a bad impact. >> thank you for having me. no one will quit smoking from this. these customers will go five minutes down the road. over 110 tobacco retailers where they will take their business out of town. while they are out of town, they will get gas. groceries. takeout, maybe. they do not just by the cigarettes.
they buy something else and something else and something else. it's you do not have that anymore. >> it is a 20-ounce of coke and a sandwich and chips. we will lose hundreds of those. stuart: there is a vote on it later. do you think that the ban will last? 's. >> i really hope so. there was nobody in favor of it. we will see how things pan out tomorrow. >> best of luck to you. basically, i have to say that i am personally on your side. it's tell us how the flow goes after you have done all of this. the liberal elites. they think you are stupid. that is how they got obamacare passed in the first place.
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stuart: i have often wondered why the elites both left. they often do, you know. we just got our answer. they think we are stupid. we have one of the creators of obamacare on tape staying it. you are stupid because you are dumb enough to vote for it. the belief think they are better than us. they are smarter. we should be grateful for their guidance. they created obama's gift to humanity. look at what we've got.
and messed up health care system. they lied and we paid the price. the man who exposed the stupid tape and lou dobbs will have something to say about it, too. ♪ stuart: and architect of obamacare, a career academics who never worked in the private sectors said, you, the voter, are stupid. listen to this. >> the bill was written in a tortured way. basically, you know, if fault the stupidity of the american voter, whatever. it was critical in things to past. vern says, he should be imprisoned for defrauding
americans. >> we are not as stupid as they think. they wanted to do that and did not care what we thought. someone should be accountable for the millions and millions and millions of tax money that was lost. phil, first of all, you have to tell me why it took so long. the video was taken in october 2013 and just released now. >> this guy runs his mouth so much in so many different places. i miss this one. back in may i went through hundreds of this guys material and i missed this one. i did not see it until friday. this guy runs his mouth so much.
just hours and hours of stuff out there. i believe there is still more to come, to be honest. stuart: i have not seen that videotape anywhere so far it's except for on fox. it is not just out there. it has not been picked up widely. >> it has over a half a million views on the original's youtube clip that i posted. you are right. the boston herald has a very interesting story today. it's they tried to call jonathan gruber. he just said over and over and over again, i have no comment. stuart: mr. gruber was paid and consulting fees of $400,000. he worked for 14 months.
>> he was out there writing articles all over the popular press. they pretended that he was an independent expert. that was actually another example of them playing us for fools. stuart: we want you to bring us any more clips that come your way. this we want to see them pronto. >> he has more. i will be sure to share them with you. stuart: bring it on. lou dobbs is here. wait for it. you have to explain to me, why is it that the elites are always on the left? >> there is a cold, if you will, acculturation and our academic institutions. our schools are being ran by
unions. then they move from secondary to higher. they are project date and doctor david howard young people. stuart: the elites go left. >> the elites go left. the fact of the matter is that will be the case until we rest control of the public school system back from the left. stuart: they benefit from capitalism. >> day with her and die without free enterprise, but you cannot convince them. the message does not get through. stuart: is it a guilt trip? do the elites feel guilty about their success and background?
's. >> i cannot comprehend these people on any level. they are dishonest just like professor jonathan grubber, is it grubber? stuart: it is gruber. >> the man is an absolute bandit. he is a thief. he is stealing from the american people. he was taking $400,000 under a contract from the federal government on obamacare and not disclosing it. stuart: it will not change. i have known you for 40 years. >> yes, you have. stuart: for four decades, it has been this way. >> things were going so well up
until about 1992. things got better and about 2000 then they got terrible again. it was a cycle. i do not know if it was republican govern. stuart: last one. the elections last tuesday. one week away. i would love to think it was a turning point. maybe a cultural turning point. it has really done some damage to our society. i would like to think that a week ago was a turning point to our so society. >> i think somewhat we are all chastened by the last 16 years in this country. politically, opportunistic left in order to create real
difference. when i say real difference, setting aside the corporatism and they are reflux on lower regulation, lower taxes and talking intelligently on other issues. job creation. preserving and strengthening our middle-class. working men and women and their families. talking about the bedrock foundation of this country, not the local chamber or the national chamber of commerce and multinationals. >> i would say, hallelujah. [laughter] stuart: lou dobbs, everyone. thank you. check out the pic board. we just turned negative ever so slightly. new highs for big names and you
know them. traveler, 3 m and nike. now look at whale. it was almost $100 a barrel a couple months ago. 292 is where we are now for a national average. is the big prize draw for gas prices over? we ask scott schell is the in a moment. twenty-seven states have a to handle on the average. where is the cheapest gas in america? texas. $2.25 cash only, please. roll the tape. >> i do not think it is completely over. i think we will be slowing down
a lot come. to where we have been in the past couple weeks. it will take more time to get there. not just overnight, maybe a week or two. stuart: have we hit the bottom on gas prices? >> 46 days in a row, stewart's, that we have had this the client. unfortunately, i have been born with this thing called common sense. the economy is not doing very well. stuart: how about the price of oil. seventy-seven now. i am hearing from some drillers.
>> ultimately, $75 is in the crosshairs. things are still not that good economically. stuart: cannot wait. thank you very much, indeed. look at aly baba. listen to this, please. $9.3 billion in sales in one day. it was singles date in china. jo ling kent is here. how does that compare to what we call cyber day? >> ali baba sold seven times today as what amazon sold on cyber monday. we are comparing two of the major e-commerce. it is just massive what they are doing.
think about all of the big brands that are being sold to chinese people. apple iphone. it is the third largest cell phone maker in the world now. very young. 850,000 phones and less than 12 hours, stuart. stuart: i do not think i have heard of them. >> they are the apple iphone killer inside of china. jack ma is all about helping not just these big brands, but also a lot of small sellers as well on their marketplace. stuart: do they have the solution system? >> they do. they have an incredible distribution service. what is fascinating is they do
not hold the merchandise like amazon does. they do not have fulfillment centers. their singles date was bigger than thanksgiving and black friday. >> the numbers are incredible. this is last year. 2013. that does not even compare. we also want to talk about the stock. we have a lot of investors out there. it is pretty significant. it is still up about 20% on the month. stuart: for a company that size, that is astonishing.
i think it is worth six or seven on the all-time high value list for companies. >> it is more valuable right now than walmart. big pressure on companies. you look in the global perspective, it could not be more interesting. stuart: you've got it. after the break, the holiday shopping season right around the corner. trying to get your information. they will cause a major headache. we will tell you all about it. ♪
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so ally bank really has no hidden fethat's right. accounts? it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. stuart: a wide gender gap when it comes to us confidence in finding a job these days. women are more pessimistic. elizabeth macdonald. liz: it is for the united states when you compare it to the cats
in europe or russia. women are feeling more pessimistic than men. they are not paid at the same rate as men. anybody who comes on your show saying that women leave the workforce earlier so there is no takeout is wrong. they have not read that labor department study. they are saying they do not have enough workers in the study or enough long-term data. it is annoying. women are rejected outright because they are pregnant. they do not get the chop from the get-go because they are pregnant. one year after the same job, the same qualifications, there is a pay gap.
it exists. even if it is a penny, a nickel, a dime. i have read the same department of labor study. i have read it repeatedly. stuart: i do not quote the labor department study. i quote studies where job a is done by a man and is done exactly by job the and a woman. same everything. they are paid equally. liz: toe to toe studies. i do not care about all the eye rolling. dispute what i say. even if it is a nickel, it is annoying. the pay gap does exist. you cannot say it is fiction.
gallup is saying -- by the way, gallup talk to 137,000 adults for this study. that is a lot of people to talk to. >> that is a study of pessimism. liz: i am just giving you the facts. stuart: i take your point and we will investigate. liz: i am giving you the other side of the deep faith. it is wrong to say that the pay gap is a fiction. stuart: got it. we will investigate further. that is a promise. the holiday shopping season is here. millions of people have had their credit cards compromised by hackers. you lose the card.
you have a huge mess to clean up. it costs you a lot of time. it costs you a lot of effort. i think it will have a significant impact on spending this christmas season. paul, welcome back. >> thank you for having me, stewart's. stuart: i cannot protect myself. they have made fake cards using my name and all of that information. there are millions of people that are in the same situation. >> everybody has either themselves or they know somebody that has been a victim. unbeknownst to you, you do not find out about it until you go to use your card.
this stuff happens in a blink of an eye. we have had clients that have been on vacation not being able to use their cards. stuart: i do not know what you can do about it. i want you to tell us how serious this is. millions of people have have their credit cards taken away from them. >> do not use a credit card beard do not use a debit card. do not use your debit card as a debit card. stop giving your pin number to everyone that asks for it. they will wipe your savings account clean. in the interim, if you have to face coming out of those accounts, they are bouncing. >> what about the chip card?
>> it seems that nothing can be done to stop the pack. >> they can even hack and embedded chip? >> you know what the inconvenience is, dealing with this after-the-fact. >> apple pay would be a limited way around this. >> using limited field communication. a small period of time. they already have the eavesdropping devices to capture that information. they want us to believe that the chip card is secure. they want us to use those cards. do not use plastic.
take $500 out and go shopping. if you want to spend $500 this holiday season, take out $500 in cash and when it is gone, go home. stuart: it is a bird. it is a construction project in california. costing taxpayers they are millions of dollars. we will talk about it in a moment. ♪ could protect you from cancer?
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bird. they are protected that they are not endangered. i have a david and goliath story. you know leader, suing the start of food co. hampton foods for what they are calling deceptive advertising. hampton foods makes an aideless vegan product called just mail but unilever says mayonnaise defined by the fda as of products containing a geo kandel will and without the aid you should not be allowed to call your product may go. josh hetrick was on a programmable weeks ago and he said no decision, just may show's packaging says a free, right on the labelling unilever says they're cutting into their profit. he will be back on the show thursday of this week. i want an update on this mail feud. up next we thank our veterans, we asked you to send your pictures of veterans you know. jack serve in the army during
>> the more we trained on it the more we realize this would be a 1-way mission. we are going to go and not come back. we will die when the house blows up. we will die when he blows the. we won't be too long. we will be arrested by the pakistani is that we will spend the rest are short lives in pakistan. stuart: them as a clip from the fox news special the man who killed usama bin laden. documentary about navy seal robert o'neil who claims to have fired the shot that killed him. fox news's peter got the inside scoop from o'neal on that mission is the first half of the special airs tonight at 10:00 eastern on the fox news channel, 10:00 eastern fox news channel,
this one, don't miss it, good stuff. check the big board, ever so slightly negative, down 10 points but we have some new highs for big names. travelers, 3 m, nike, hit new highs earlier today and right now. look at oil, well below $80 a barrel, we are at 77 and the national average for regular gas has come down to $2.92 off 0.1 of the penny. today's veterans day and everyone should take time to thank all those who served our great country. i say veterans today are more respected than those who returned in the 60s and 70s. the ceo of concerned veterans for america, for national guard captain, fox news contributor. i say the vets are more respected today. they are honored today and they were not always honored in the
past. >> the way we treated vietnam veterans, and they were called baby killers, were not welcomed home with ceremonies. today i was at a high school in minnesota, 2,000 students reviewed the military. that is the way it should be but in the 60s and 70s it was very differently our culture brought the full weight of their next ---the on the war on the veterans themselves and just now that a lot of vietnam veterans feel they can to be proud of their service and the nation needs to collectively pat them on the back like we are all the young guys. stuart: they should be proud as people. i remember during the recent overseas military action fox news reported embedded with the troops and we did a lot of interviews with the troops and the quality of those people was just flat out terrific. they were really good people doing a really good job and we are honoring them for the people
they r. >> i think you are right. there is no died in a volunteer military brings out a certain kind of person some most people in iraq and afghanistan are there because they signed up and they wanted to go or wanted to be a part of a unit that was headed there. was it different military in the vietnam era. was a draftee army. a lot of people where there because their number was chosen, not because they wanted to go and that changes the atmosphere and the level of investment for the country. the countries that upon them, today it doesn't make it right but that is why they did it. a lot of people are disconnected from the reality. most americans don't understand, at least it manifests itself in appreciation that there are people willing to step forward and volunteered to fight america's vicious enemies. bernard: when you wear a captain in the national guard, two bronze stars. am i right? >> iraq and afghanistan. >> i want to bring a president obama sending 1500 troops to iraq. she says they are not combat
troops. i they combat troops? >> we will see. it would be foolish not to open the door to any number of contingencies but right now he says these 1500 will be doing the same mission the folks already there are doing which is staying on bass and only training iraqi and veteran kurdish forces but the problem is regardless of adding 1500 there's a clear disconnect between the stated mission of destroyed isis and the capabilities we are bringing to bear. as special operator says how we supposed to follow them to the gates of hell as vice president joe biden said of we can't even leave the gates of our base? is an important question, boot on the ground are one thing, what we do if we're going to destroy isis? bernard: when the president is in china. is travel was planned in advance but he is november 11th. we have been very critical of the president but i don't want to pile on and be critical of
the man for being in china on veterans day. is there anything in that? should he perhaps the home in america on november 11th? >> i am partial but i think november 11th is a good day to circle on your calendar as the commander-in-chief to be home. to exercise civic rituals. you don't pass along patriotism and understanding of what our founders gave us, the necessary sacrifice that underwrites freed without reminding people through ceremony. i did another event in my home town tonight to talk about what veterans day means. it would be great to have the commander-in-chief presently that don't begrudge him his travel, he has things to do to lead the free world but being here on veterans day is a common-sense layup for the commander-in-chief. stuart: if you look at a lot of english people today you would think they are wearing -- a little red flower, that is -- you bought that and you have given money towards the veterans. it is a terrific idea.
a good way of showing your appreciation. i would love to see something similar in america. >> you are very right. we missed that after 9/11 and that is on the george w. bush administration, a way for citizens to pour in their support, financially, morally you could volunteer for the service but that was it. i think americans would respond overwhelming lead to something that gave to veterans to fix the va or towards the war effort if they were able to contribute, the more investment the better. stuart: you served your country and you are a good man and thank you for being on the show today. >> appreciate the opportunity. stuart: americas is thank you to its veterans, some deals include i how, chile, cd-i friday's and the deals don't end there. home depot, barnes and noble, bed bath and beyond, some big
names offering deals. adam shapiro is at an appleby is in clifton, new jersey. what are you offering veterans there today? >> jeffrey meal all day throughout the country, 2,000 restaurants, 111,000 appleby spam police serving about million meals, 20% just here where they serve 23,000 meals, take a look, you can see we have veterans and active duty military who are enjoying this, saying thank you to the nation, 7 million veterans in the work force as of 2013 between 18, and 64. i want to point out that some of those veterans who are here today may not be in uniform but are still enjoying the thank you that appleby is is inviting the nation to take part in. jim and his money miles, you ran active-duty navy. let me ask you, what is it to
you to have this kind of thank you from the nation and appleby is? >> it is awesome. just sit here with my fellow comrades here, miles looks around to see the vets. businesses support the vets in town here, great to come here for lunch, but i want to say we are lucky to be here for the friends i have to didn't make it back or still a freeze their serving, i got to say it is a test for those guys and girls, it is wonderful, the tenant commander, ten years as a pilot, the first persian gulf conflict, wouldn't change a thing. great men and women. >> thank you for your service. there was a 94-year-old veteran on will introduce to the folks in the 3:00 hour and said as we all understand that freedom is not free. one thing that is for our
veterans and active-duty military, a meal at appleby is. stuart: adam shapiro, clifton, new jersey. here is a statement, millennials are the worst off generation when starting out. we are going to back that up too. i will explain it all in a moment. new york state is jump-starting business with startup-ny. an unprecedented program that partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton,
to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov my motheit's delicious. toffee in the world. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. nicole: i am nicole petallides on this record setting day, we're back into the red, the dow and s&p sitting record highs
into the red, the dow is down 6 points, the nasdaq composite holding on to a slight gain of 1.5 points, transportation index a high as well and we're seeing names like southwest airlines, delta airlines in highs as well. netflix noting they are experiencing some slower -- they have a lot of signups for their original programming last year said they are seeing some things today, jeff flock with the new of 150 aluminum truck coming out of the manufacturing and it is up 1.1% as ford announces the new truck goes on sale in december, it will be 700 pounds lighter and more fuel efficient. more varney coming.
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nothing can reverse copd. spiriva helps me breathe better. sfx: blowing sound. does breathing with copd... ...weigh you down? don't wait ask your doctor about spiriva handihaler. stuart: the latest robot from google is a huge. a ronny move. here is michael robinson. this robot not hang around from nasa for space projects. are you getting that futuristic stock called google? >> absolutely. we talked in the past, you got to look at google in the future, and 7 robotics acquisitions in the last couple years and put 700,000 miles on the robotic cars. they are quietly behind-the-scenes and, a big player in robotics technology.
stuart: how about ali baba? they made more money in sales in one day than u.s. sales on thanksgiving, cybermonday combined. you are buying ali baba at 114? >> i have sat in the past to stay clear of the new issue like this one but i have been on my short list it came on my radar screen on technicals and a possible tie up with apple is very intriguing. right now i have as a whole but i am looking at maybe making an entry in the next couple weeks. if i could quickly in honor of veterans day say december 5th to my dad who is a retired marine corps officer and combat veteran from vietnam and korea, simplify that. stuart: glad you got that in. the millennial generation facing a savings crisis? according to a new survey the current savings rate for people under 35-2%. they're spending money and then
some, going further into debt. ashley crack from a young american foundation. i will make the point, your generation is in fact in the worst economic position of any emerging generation of the last 50, 60 years. what do you say? >> that is entirely fair. we can kiss things like home ownership and families good bye. we are saving less than nothing, at-2% that is our savings rate. it is and and that is the sad reality for millennials, we are struggling under the debt with student loans lose the average student loan debt currently is at $17,200 so that is where is. you are looking at my friends who had $50,000 or more that they are in debt and they are indebted to paying that back, they can't get a job. stuart: wait a second. millennials as a group voted for president obama. >> i knew that was coming.
stuart: i won't say the situation is your fault, but you did vote for policies which have reduced your generation into a very sorry state. when are you going to turn that around? >> look what happened last tuesday. we saw millennials come out in a lot of competitive states who said no, these are negatively impacting. we saw rates, you saw being higher than they were in a presidential term or even close in those swing state so they saw the negative impact of progressive policies, with obamacare being in place. premiums for 23-year-old men are 75% higher. is that the hope and change they were looking for? no. millennials as a whole i jaded, displeased with the washington gridlock and they said these policies don't benefit us in any way. how does this tell me, my future or my family later in life? they don't. stuart: sorry to keep his short but what a jam packed show for
everybody today, thanks for joining us. up next our social media contest on blessing how late president obama would be to en event. we have the winner for you next. how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
speaking to the mid time elections. is often wheat. he had a lot of gases and take a look. this is the moment he began his remarks. you can see the top left corner of the screen, 2:57 is when he started. which of you is the closest with your guess? jan longo said 2:56. cheese from williamstown, new jersey and joins us on the phone. how did you know? it was offered much later than 5 or 6 minutes. how did you know it would be seized -- six seven nestle? >> because with the midterm elections he wanted to prove himself to everybody. stuart: do you watch president obama when he appears on this show or any of the station? >> i do. i watch fox news when i get home from work. bernard: you watch fox news in the evening and fox business during the day? >> no. i catch it when i am off from
work. stuart: great to have you on board. you live in new jersey, very good. you have a couple questions for need. >> my first would-be if you are tough fed chairman what would you do differently to stimulate and improve our economy? >> i would say immediately no more money printing, let interest rates rise as the market dictates and that would be a sign of a strengthening economy. that is what i would do. >> perfect. bernard: when you have another one? >> with health being taken over by the republicans' seizing our economy is going to improve? or will u.s. improve? >> yes i do. i think with the republicans controlling congress we have a good shot at getting more domestic energy production and some kind of tax reform for corporations which will bring more money back to america. both of those things are
judge napolitano: they can wear, they all wore it, a ridiculous cost him. charles: like from star trek. judge napolitano: your majesty in that ridiculous -- stuart: i rather like that. come on. judge napolitano: i would like to see mr. varney in that purple costume. stuart: that will never happen. i will not be caught in that out it but we ask the judge for his insight and entertainment. that is it for me, purple suit or no. here is cheryl casone. cheryl: pink suit, thank you
very much. i am cheryl casone. coming up, ali baba's annual ecommerce extravaganza shattering records. they call it singles day in china, but it is more money is in black friday, $9 billion worth of goods exchanged hands in one single day. the ceo jack ma says payments on an hourly pay will definitely go public. speaking of china the country struck a deal with the u.s. to drop tariffs on a wide range of technology products. it is a deal that could cover $1 trillion in trade. a bit from washington coming up and billionaire peter t. o is saying that google is doing the best job when it comes to investing in health and science. we will hear from investor capitalists on why anti aging is the best and i will take that bet. on ali baba right now the biggest online shopping day ever