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tv   Varney Company  FOX Business  May 8, 2014 11:00am-1:01pm EDT

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15 more cities, china, and ali baba, the deal with america's shop runner. we will help you get into china, you help us with counterfeit products and we bring you the come back camera beaten by go perot, contour tries for a rematch. "varney and company" is about to begin. big-name stocks, we are watching them and look at them go. they don't like what we hear from tesla. disappointing outlook. tesla using the amazon model not declaring the profits, plowing money back into the business. little more on that from charles in a moment, tesla down 7%. stronger bookingss giving price line's profit and nice boost. predicted a disappointing outlook balances everything out. so priceline stays in the $1,000
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per share club virtually unchanged. amazon going to add 15 cities to its sunday delivery service. that is not a bounce back. that is the $93 stock, not about that, up 400 plus a couple months ago. watch out web shoppers, fedex will start charging more by package size charging more that is. does it have pricing power? not sure. that x is down $1.80. a new report from the government accountability office reveals an astonishing number. only one government job was lost due to those sequester cuts. just one. do you remember all the doomsday predictions warning that thousands of people would lose their jobs as a result of the sequester. listen to this. >> you are estimating as a consequence of the sequester we could see growth cut by over 1/2%. it will cost 750,000 jobs at a
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time when we should be growing jobs more quickly. somebody is going to be vacuuming and cleaning those floors and throwing out the garbage, they're going to have less pay. the janitors, the security guards. they just got a pay cut and they have to figure out how to manage that. >> if sequestration takes place that is going to be a great setback. we don't need to be it will cause the job loss of 170 million jobs that could be lost. stuart: well, it did not quite work out that way. the senator from oklahoma wants answers. why did they repeatedly make these warnings about tens of thousands of job losses? fox news contributor monica
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crowley is here. >> scare tactics. remember during the lyndon johnson years with the president was repeatedly lying to the american people about vietnam. the credibility gap. this president has repeatedly lied to the american people. when he makes a statement, and i choose -- stuart: he cannot say that the president lied when he forecast the job losses because of the sector. >> we now know that sequestration only lead to the loss of one government job geared they wanted the american people to think that the sky would fall. that the government would not be there for them. we now know the exact opposite.
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they knew what the truth would be, stuart. they still try to go out and scare us all. >> they had to scare everybody. it is a one page playbook. it was really a small amount of our budget. stuart: i have to get to tesla for a second, charles. they keep putting money back. it is not apparently working for tesla right now. charles, what you make of this? they have a disappointing forecast. the stock was down 20.
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charles: companies are not bringing money to the bottom line. they are building for the future. they are going through growing pains. i would not panic unless the stock went under $170 a share. stuart: moving from cars to zombies. the walking dead. did not make as much as wall street wanted. it is an expectation game. i think they have been downgraded. >> the stock is to the downside. it is down nearly 10%.
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they have seen revenue surge sevenfold to $76 million. you mentioned walking dead. that is about a police officer that wakes up from a coma and he is now in zombie land. breaking bad is over. they are working on their new show. today, you are seeing the stock down about 10%. i have not seen any of those shares. stuart: a police officer goes into a coma, wakes up in the land of the walking dead, zombie land. the company roles in the money. isn't that a little unusual? >> if only you thought about the concept.
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of course, it was a comic book. stuart: i have been in the land of the walking dead, but not recently. the house holding lois lerner and contempt. all republicans voted yes along with six democrats. monica, what does that tell you? you are in contempt and you are in the irs. >> either a dwindling number of actual honest democrats in the party or they are invulnerable districts. they are afraid to lose their seats. even if they voted strictly for political reasons. this is the most dangerous
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scandal in u.s. history. to go against the regular american, that means that this government is really out of control. charles: they are getting there. stuart: a hollywood fundraiser with the president.
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president obama has an agenda. they are so out of it. something new comes from both of them that shocks the heck out of me. stuart: you have 10 seconds. >> it is all politics all the time. where did he go? a fundraiser in las vegas. >> president obama is bowing to spend big money and enact legislation to fight climate change. one of the president's first targets of regulation is called. this could really hurt states like nebraska.
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72% of its electricity from coal. nebraska senator says and maybe could be in our future. she said regulation of the coal industry could lead to the worst energy crisis. pretty bold statement, senator. what you are doing to call could take us right back to the energy crisis of the 1970s. >> i always try to look at april paul -- i always try to look at a proposal. it will hurt nebraskans. it will have an affect all over this country. we have nebraska paycheck exceeding $1 billion. these are good jobs.
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people will be affect it by it. a lot of folks do not know that we are a public knowledge state. that will hit us twice. >> you are saying that it will raise the cost of a like a city. it will not wipe out the coal industry. it will simply raise the cost. we are not going to see any new plans because of these extreme regulations that are out there. that is not helpful. coal is a great resource for this country. stuart: can you do anything about it? the president is going to the regulatory system. we will regulate like this.
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there is not much you can do. >> that is not fair to the american people. the american people expect congress to act. we have an energy bill or we did have an energy bill that offered the chance. we really have not had the chance to have a debate on what the energy policy in this country should be. we have amendments on both sides. again, we faced terry reid saying no amendments, no discussions, take it or leave it, load it up or down. that is not the way the united state senate is supposed to blow. we will see loss of jobs. we will see higher cost. they do not have a voice in it. we have an administration who loses. in this case, a lot of them will
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be nebraskans. stuart: thank you for being here, senator. we appreciate it. >> thanks. stuart: youtube flooded with go pro. can other companies give go pro a run for their money? ♪
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♪ stuart: we were up 63 points. that it. the s&p 500 also closing in on a record high. 1890. pete that, you have a high. another big-name, you know it, higher sales, strong profits. green mountain. the stock is up. not because they changed the
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name, by the way. tesla is way down today. a disappointing outlook. ford motor company got a buyback. it is good for 2.7%. a nice game. the number of millennial's in the labor force now at its lowest level since the 1980s. what do you make of this? charles: i think we have been involved in that, too. telling young people not to go to college. a lot of people in this range do not have a college degree. we had job numbers out last week. it is frightening. it is proven that people who skip college, you better be a master something. less than college, as far as
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this particular group is concerned, it helps to have a family. if you are single with a kid, it is significantly low. when people have obligations outside themselves, they find a way to make it work. stuart: what do you think of that statistic? charles: it is a low. it is a combination. the ones who don't have obligations, the one who don't have kids, they can chill out with mom in the basement. they have options not to go. it is still a relatively high rate. we see a trend in this country where you don't have to work. there are so many options not to work. it will cost people to work because you lose your tax credits. it is a farce.
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we are encouraging people not to work in this country. it does not help if you don't have a degree. it makes it harder. stuart: a tough battle with go pro. it is named contour. forced into bankruptcy. they hope to make a comeback. joining us now is contour ceo. you have the camera with you. >> i sure do. stuart: hold it up. you are selling this camera on the basis that it is small. >> this is a bullet design. we feel that consumers would not rather have something sleek and aerodynamic than they would a big brick. stuart: that is kind of talking the competition down, isn't it. a lot of free commercials on youtube by putting those cameras
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onto people's helmets. free video. free advertising. what are you doing? >> we are focusing on our strengths. focusing on the attributes that this camera has. a consumer can just automatically record. stuart: i am technologically illiterate. i push this. slide it forward. i am now recording. >> that is correct. stuart: really? >> yes. stuart: if i do this, it stops. >> that is right. stuart: how much? $199.299. stuart: how about this one? >> $299. it has gps.
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stuart: what are you doing to counter go pros target? we just ran your video. >> that is right. from surfing to mountain biking. we have these incredible consumers that use our product and make compelling video. it will help to build that demand. stuart: right. from now until two years from now, how much money do you expect? >> we have a path of over $100 million. stuart: from now until 2016. you think you will take in $100 million selling these cameras? >> that is right. it is a $2 billion market. we have demand that is far out stripping power supply right
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now. stuart: i have this thing on the side of my head. i click it forward. i am now recording. did you say bluetooth enabled? what does that mean? >> i can use my iphone. stuart: i have an iphone. you cannot give it to me. >> it is a fantastic product. stuart: we are interested because we want to see somebody go up against low pro. they are getting free publicity. >> thank you very much for having us. stuart: the contour action camera. thank you very much.
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>> thank you. stuart: dr. keith ablow says video games are evil. your reaction from facebook and twitter next. the dow is up 65. ♪ you were always on my mind ♪ baby, i didn't hold you ♪ all those lonely, lonely times ♪ i guess i never told you ♪ stick with innovation.
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(husband) that's good to know. what is this place? where are we? this is where we bring together reliably fast internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary.
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beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system. only from xfinity. tv and internet together like never before. ♪ >> it is only because we have been walled into a false sense of security. stuart: zero dear. that was dr. keith ablow. he really does not like technology. 44% say they think it is bad to let their kids play with video games. joe says, i guess the other 56% could not watch what the kids were playing.
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gregory says the video games i see are all about violence. warping young minds. get this, nothing will change with stuart varney cheering these games on. sad. stuart: i am not a cheerleader for these games. i have no problem if it holds their attention and they are engrossed in it. i do not see anything wrong with that. >> when he was small, like one years old, we had a babysitter. all she did was pop him in front of the tv. my mother can't man came in and she took over the job. he bloomed.
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>> thank you charles. a new survey finds 68% would be willing to risk physical danger to retrieve their cell phone. 68%. it also found more than half of the people would pay $500 for the return of their cell phone data. here is my question to you. which would you rather lose? your wallet or your cell phone? we do want to hear from you. weigh in. we love to watch big names for you. a bit of a balance today. listen to this, toyota reports a record profit.
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up next, to topics for the judge. lois lerner held in contempt by congress. i said i hope things goes nowhere. what does the judge say? aman a man reviews a product on amazon. he is bright and with a lawsuit by the company that makes that product. i present to you a clip from a jordanian new show. ♪
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stuart: charles will make us some money. what do they do? go ahead. charles: some of the stuff that they provide is complicated.
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they are based in fort worth texas. they sell to everyone. they sell in all the major areas. the stock is making a major move. the next move is up 30. i think it breaks out big-time. >> 30 years ago i invested. charles: all of them. holding lois lerner in contact. all republicans voted in favor. six democrats crossed and joined with the republicans.
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this goes absolutely nowhere because the attorney general. >> it prohibits the legislature from pumping. absolutely prohibited. a prosecutor and only one can do it. this prosecutor, they will not do that. why did they go through with it?
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>> i cannot get it in their heads and i don't know why. they could immunize her. they could grant her immunity. that would require consent of a federal judge. they can bypass the justice department. she will go to jail for the duration of the congressional term. are they interested in political theater? do they really want the truth? maybe she does not have anything to tell them. stuart: a florida man is facing a lawsuit of a negative review that he wrote on amazon. the man claimed that the raptor was identical to another one made by the company.
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the router company, they threatened to sue him. they asked him to remove their review. a guy who wrote the review, he is being sued. is that legit? >> we have what is called the qualified privilege to state an opinion. qualified meaning if it is really and truly your opinion, you are protected from the consequences of expressing that opinion. if he really bought this router, if he really believes that the blog statement and the website were fake, he can stay. the only thing that they can do is deny it. produce a better product. you cannot use the force and
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silence him. stuart: you lawyers have been at it again. the guy gets sued. >> this would be a frivolous lawsuit. it would result in the people who sue him. it does exist in this country. it was frivolous. stuart: you judges are always worried of being overturned by a superior judge. >> they just happen to be in a higher court.
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stuart: did i just touch a raw nerve? [laughter] >> i do not want to tell you what my batting average was with those superiors. [laughter] picture this, your flight is canceled. you need a place to stay. there is an app for you. it saves you money. ♪
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♪ >> another round of layoffs on the way. it pushes the total number of layoffs over three years to 19,000. our very own charlie gasparino hazard ported that it was on the way. up more than 7.5%. buying hyatt hotel residential group for $190 million. they will acquire the interest in a joint venture.
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shares at the moment are down more than 15%. today, fox business takes you inside the business of travel. ♪ [ female announcer ] who are we? we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. turning dreamers into business owners. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states,
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bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td ameritrade. stuart: look at this. 166 on the dow jones industrials. we are told things are looking up for solar city.
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nicole petallides. nicole: the stock right now of 17.5%. this is a huge move for solar city. they are upping their forecast. you have jpmorgan. everybody is loving solar city. you do have stiff competition coming in. the analyst definitely feel the study is prime in this market. stuart: they surely did. is that your pick? charles: we took profits on it.
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you can get these panels on your roof and take 20 years to pay them back. stuart: the stock is up. tablet prices are falling. the average price of a tablet is down $53 in the past two years. and a lot of people saying they are loaded with too many apps, they are hard to navigate. i had an ipad mini and an iphone. i went on the desktop computer at home last night for the first time. i loved it. am i a dinosaur? stuart: no. i understand entirely.
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my eyes are not as good as they used to be. we have all been there. you need a hotel room last minute. it is an app. it gets you big discounts for booking a hotel. there is a small patch here. you have to stay that night. it is a day of. all right, look, as far as i can see, this is an excellent idea. i, two, have arrived in places all around the world. by 9:00 o'clock in the morning, you post a list of all the hotels in the city that i am visiting which will be prepared to discount for that night. am i right? >> there are all sorts of
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activities in our life where we have taught to book in advance. most of the time, that is probably true. with hotels, 40 out of every 100. stuart: you will make available what you've got. that is the way it works. >> we will make available what we've got. we offer a future where you can look ahead several days in advance. you can feel pretty assured you will get a great room and a great deal. stuart: you are in 24 countries.
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how old is the company? >> we launched in january 2011. about 3.5 years. how many employees do you have? >> up to about 120 employees. our headquarters are in san francisco. stuart: 10 million people have downloaded the app. >> correct. talking about a desktop computer. i don't even know what that means. [laughter] stuart: you are following in the trend of mobile. i do not run into a desk top. i've got the point. i pick up the iphone and i work it from there. you are private, i take it. any plans to go public? >> if it helps us get to the place where we want to be, we
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will certainly consider it. stuart: would you like to be bought out? >> if that helps us get where we want to be. stuart: i am sure that our producers have prepped you in advance. you know what is coming. would you sell out today for $100 million? >> not a chance. this is a huge opportunity. we are solving a problem here and it is a blast. stuart: i am a fan. thank you. $10,000 a month. we will take you there. ♪ ♪ down town
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♪ you will find a place where you are downtown ♪ ♪ everything is waiting for you ♪ downtown ♪ downtown ♪ at delta we're investing billions of dollars, improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we'll raise it yet again. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise.
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and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves.
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stuart: here it is.
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cheryl casone in and a $36 million penthouse in manhattan in tribeca. what do you have there, cheryl? cheryl: we are standing in tribeca. we are along the hudson river. more than 7000 square feet. the building has a private entrance. there is a pool, of course. i want to show you the interior of the apartment. that is an equal smart. this is for bedrooms, 4.5 bath. more than $11,000 a month on this apartment.
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this is tribeca. i want to show you something else. everything is being conducted in a home. you want everything connected wirelessly. it controls everything in the apartment. to bring you into the kitchen, we were able to have a look at the building. paying $10,000 a month. there is a pool. there is a gym. there is a nursery. the property tax is more than 11 grand. anyone that buys this apartment will probably be a financial executive. probably someone for in. leonardo the caprio looked at the apartment twice.
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the broker said it will likely be someone from another country. stuart: cash. almost out of time. charles, that is a bubble. yes or no. charles: no. that is nothing. they have 100 million becoming routine right now. stuart: all countries will have armed drones within 10 years. watch out. that is the story. plus, you probably recognize this guy. that guy. [laughter] stuart: he is on the show. ♪ stick with innovation.
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stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now. philips sonicare (agent) i'll walk you guys through every step. there are a lot of buyers for a house like yours. (husband) that's good to know. it's called truecar. and truecar users... save time and money. so when you're... ready to buy a car, make sure you... never overpay. visit today. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation
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stuart: local we have got. all countries will have armed drones, america losing its entrepreneurial spirit. john stossel is here. the crash in some tech stocks remind investors like the mess. charles payne on that one. you buy it, you see it. tony little has sold for $1 billion in 20 years. i will ask this question. if you had to lose either your wallet or your cellphone, which would you choose to lose? think about that please. we really want to talk about businesses that are expanding. never mind drones becoming an
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extension of online shopping which they are going to be. one defense industry publication says every country will have armed drones. the founder of defense contractor technologies, a former navy flight officer. you have something to do with the drone business but not as much as you would like to have. >> i would like to have a lot more. stuart: this seems extraordinary that within ten years, all major countries will have armed drones, is that on the rising? >> i think so. there's a lot going on the we don't realize is happening. it is not that difficult to put weapons on drones. it is not as difficult. from my background of manufacturing and the little bit on the military side put those together and it is not difficult. stuart: is it america and israel
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to be that field? >> china is playing and they are right behind us. i think it is more about the manufacturing side of it. that is what is important. stuart: what do you mean? i would have thought was the software side. is easy to build the plane itself. the software flies the thing and tells you what to shoot at and how to shoot and when. >> that is true but on the manufacturing side it is the quality and the countries that develop a quality, and the lower price, the combination of the two is what is important. stuart: lower price. that is important. >> but not the lowest price because that has happened in the past and the reason manufacturing is coming back because everyone is looking for the lowest possible price at the expense of quality. stuart: when you are craig technologies. do you want to build these things in america? >> absolutely.
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i would love to. more on the commercial side than the government. charles: the military side. >> i need to earn back the money i lost during the government shutdown. on the commercial side -- i also think that is where the opportunities. stuart: let's not let -- charles: watching the show earlier, was that it did or was that honest? stuart: you lost money in the shutdown? >> yes. this is the story most people don't hear from the small business side. when the government shutdown, we end of not being paid for 90 days or so. it could be from government customers or customers with government as their customer. stuart: it is a clarion call to change your model so you have solely relying on the government. >> we have commercial. we don't get paid so i have to extend my line of credit and max that out as much as possible but your interest is not something you can bill back to the government so that comes out of
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my bottom-line profit. that is the struggle and small-business some can't sustain that kind of thing. stuart: could you build a drone today and put a gun on it? >> sure. absolutely. stuart: fly it by remote control to have a gun on it, fire the gun at a target? >> i am sure we could. >> this sounds terrifying. >> i think is but there are a lot more scary things out there. there is a lot scary -- charles: differentiate between amazing drones we have footage of an something from brooks stone. really. someone in yemen has a brooke stone thing i am less intimidated than the ones we have that they will never have. stuart: that is the perspective i coming from. >> you could create this tomorrow. will be sophisticated? >> will the government stepped in and say drones with weapons attached available for sale,
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will that happen? stuart: one last question. how much would it cost to build a drone for me with a gun on it that i can see where i am pointing and fired by remote control? >> i could. how much are you willing to pay? to be honest i have no concept. stuart: will $50,000 debt and for me? >> more than that. may be $1 million. stuart: come back on the show. that was fascinating. obviously a growth industry. >> i want to be part of this opportunity. stuart: good luck with that. more big names on the stock market. the dow is over 16-6 at the moment. his love puts its money back into its own business doing what amazon does. investors don't like it that much. it did come out with a disappointing forecast for the future. that is hurting the stock down $15.
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higher sales, pretty good profits, green mountain, nice pop for the stock up 16%. back to the big board, will the dow make it three straight days of gains, could it closed at record high? is it in record territory? it is. $16.66, the closing high intraday. about 25 points from an intraday high, not bad for thursday morning. amazon expanding send a delivery service. perfect opportunity for people who want delivery on the sabbath. >> it is. amazon is getting into our weekend. they launched sunday delivery last year. we don't have the exact numbers but this is very successful and now is available in 15 more cities, six in texas right now. new orleans, a philadelphia, 17 cities and amazon says people like especially moms and dads
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crossing of items on the to do list on the weekend by getting the amazon products delivered on the doorstep on sunday and guess who's doing the delivering? this is the good news, the u.s. ps. the workers at the united states postal service are working more, bringing in money for them. stuart: related story, fedex going to start charging by the size of the package. is that good news bad news? >> size matters. interesting. i got off the phone with fedex and they will have dimensional pricing little weird formulas they use to figure out how much an item costs. they will use it on packages that are less than three cubic feet so you order toilet paper, online. you get it and it comes in a big box but the box is so light it is filled with air. the big box even though doesn't weigh much takes a room on the fedex truck so now fedex wants to make money from that so this will apply to a third of the items in shifts starting in
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january with fedex ground and the increase is going to be between 30% and 40%. stuart: doesn't starting jan.? >> january. good retailer. away shipping prices because when i see a high shipping costs i don't order something online. i go to the store. increases the price of the item to keep shipping the same. stuart: the shipping price goes up 30% to 40% in january, depending on the size of the package itself. that is negative for fedex. stock is down. a lot of internet stocks have taken a beating this week. look at where some of the mark trading, twitter, one of the bigger names, was down, not backed up by much, fire i, work day, charles, these stocks took it on the chin. that is not much of the bounce back even as the overall other industrial companies are
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straight up. charles: and amazing bifurcation in this market. absolutely amazing. the do and gloom crowd has got to be upset because they got a tech bubble burst they wanted so badly, i am talking everything from amazon in big names to more recent names and here we are with this very stealthy move, a new all-time high, you wouldn't know from looking at these stocks, they have their own crash, legitimate crash, legitimate called the chelation, when the stock are off to the degree twitters did succumb it is ridiculous to me. block up exploration. if you go back in history, previous lock ups if you bought that day whether it is pandora or the other is you would have made a fortune but right now pure hysteria. >> they pay their workers with a lot of stock. the debate on wall street is so
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much twitter stock out there so the question is will twitter do a reverse split to bring back and get rid of stocks like citigroup did. stuart: he bought it. charles: if kissel death, they don't have to do that. citigroup had to put on the facades of institutions would hold stock, so when their stock was going to $3 or $4 they had to reverse so it would look like a $10 stock even though splits reverse or forward don't -- stuart: it is a bifurcated market. charles: it is amazing. people call for a crash and got it but it hasn't been the entire market. stuart: the ceo of the world's largest fast-food chain is not concerned with the federal minimum wage increase. subway's ceo said a wage increase would affect him and his rivals equally and not put any particular company added disadvantage. did we just say subway is the
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world's largest fast-food chain? liz: one of the biggest. as the global minimum wage protests heat up again, we have seen time and again spring, summer, these protests take hold against the chain again and again and again. those workers could get displaced, panera bread, moved to let customers order via tablets of fire those workers, you save money if you raise minimum wage, this is a danger zone. they could lose their jobs because -- franchises are run by local mom-and-pop, not the big corporations with boot on the ground with the minimum wage to take hold. is the mom-and-pops running them. that is the debate too. charles: subway is the largest by franchise. stuart: largest number of franchises. in terms of gross revenue is mcdonald's heads down. does minimum wage in the united
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states apply to mcdonald's? i don't know. charles: restaurants are the main focus but domestically these restaurants have extraordinarily small margins. talk about killing businesses and franchise owners, they save their money and buy themselves a mcdonald's or subway franchise and you then you hit them with this is disastrous. liz: a bad economy is creating too many mixed jobs with families trying to raise children on low-wage jobs. we need better economic growth so you don't have families doing that. stuart: she has got it right. thank you very much. we have all seen the commercials, this thing is called the gazelle. since it hit the market has sold $1 billion worth, what you are seeing on screen. we have the man behind it after the break. watch this. >> whole body calorie burning, whole body muscle toneing and
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the lowest impact of any product i have ever seen on the market so you just have the best of the best of the best. (mother vo) when i was pregnant ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare.
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when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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stuart: that is not a bad rally, dow industrial average up 91 points, 16609. will that make it at three days of gains erode? we are heading in that direction. the house voted to hold lois lerner in contempt. all republicans said yes. six democrat said yes. they are democrats from georgia, arizona, minnesota, north carolina, florida was virginia, they were in danger, trend in the forthcoming elections. they the people on the street said yes. liz: you don't see that in the general media that six democrats--the media is saying a straight line vote along party lines, republicans voted to hold in contempt of six democrats is a big deal with the midterm elections coming the. stuart: especially because on this issue the issue is did the
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president and the campaign use the government's machinery to intimidate republicans and conservatives. liz: and democrat senators pressuring the irs to go after conservative groups, nonprofits questioning government spending. stuart: the six democrats were vulnerable and threatened in the election campaigns coming up in six months. i'm still surprised. we have with us a fitness guru who created the gazelle, exercise machine, it generated $1 billion in sales and to was launched in 1996, and now being inducted into -- if he is listening and you are going to be inducted into the direct response hall of fame. i am sorry, you are going to be inducted, induced there in. what i am shocked that is a
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billion dollars worth of sales, that is fantastic. tell us how you did it. >> $1 billion, actually $4 billion in all the products now for lifestyle but you do it with the product, and fitness and get in shape, and you need a little bit of energy. stuart: a cult figure, you are a personality. you get a lot of street recognition, you got to. it was you. you are the principal seller of the product. you gave it star appeal. apart from the machine, it is you, you are the guy who made $1 billion of sales. well done. >> what is the easiest way to sell? believe in what you sell. then you can be passionate and have the enthusiasm, that is what i do. i don't represent things i don't
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love. stuart: has it got legs for another 20 years? >> an interesting thing. i was on the air last night doing and our show and in that show about 400 grand. stuart: just in that one night. that is pretty good. >> that one hour, not the whole night, the one hour. stuart: $100,000 came from a 1-hour infomercial with you doing it lies. >> it was a live show. stuart: what about the other products? $1 billion for gazelle, what else are you putting out? >> i sell life style. the only reason i am here is i. i believe as america's personal trainer i can educate you how to eat, how to sleep, how to exercise, a footwear company is one of the largest companies, the second-largest seller of
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bison which is buffalo, body by bison, and we sold 4 million bison burgers and hot dogs and a lot of other bison products. stuart: is this your company? >> yes. i am partners with all my companies. very rarely i started in early days where companies on the product and now we have our own companies and our own capital investment that helps by and manufacturer. stuart: how many people work for you? how many direct employees? tony little? >> i am very fortunate. i don't need a lot. i have about 7 people and i work with you can do it. stuart: i am sure our producers prepped you for this. if you got $4 billion company, 7 employees i have to ask are you a billionaire? >> no, no.
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i am still a small percentage of that, people who invest the money make the money. i am the one -- stuart: i have got to follow it up, you may not wish to answer. are you worth a quarter billion? >> no. 100 million? >> no. i am multimillionaire, enjoy my success and love what i do, i kind of made a lot of billionaires' and the lot of 100 millionaires with their investments in the. stuart: tony little, you are really a cult icon, i would say. everybody knows it. go ahead. >> you are an unbelievable british economic guy, right? maybe you can make more with
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these people. you can give me the technique. stuart: stick with me and i will make you a billionaire, no worries whatsoever. >> i believe that with all my heart. stuart: you are one of the most successful infomercial guys i ever had on the show probably of all time and thank you for taking time to be with us. a great story. >> my pleasure, thank you so much. stuart: you nosey gesell. you have seen this. have you bought one? will you buy one? >> maybe. i want to help tony on. side of how he did not describe you. economic british guy. stuart: which would you rather lose? your cellphone or your wallet? obviously you don't want to lose either but if you had to choose, which one would it be? i will give you my answer on this, my take on the whole question and bring it to you next.
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stuart: whole foods and zoo lily down today, that is not bounceback by any means. wicked sherman, face and voice of the super bowl champs seattle seahawks, one of the best players in that position, a really big payday, we will tell you how much in the next hour but first more businesses closed then opened in four years after the great recession, the early obama years, john stossel you to discuss that. which would you rather lose? your wallet or your cellphone? here's my take. you don't want to lose either, i got that but if it had to be one or the other which would it be? in this day and age that is a valid question. your money and your id in your wallet, got that, but you could make the case that your life is on your phone, pictures, contact, intimate messages, kind of a tossup between the two.
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i raise the question because a survey of people who reported their phones stolen revealed that 68% would take some physical risks in real life. let's be clear, stolen phones were left behind a bar or restaurant, not like they were ripped off on the street by a flood with a gun but 68% would take risks to retrieve their phone, we have an emotional attachment. we want it back. i can't think of another product that has the must keep mentality. let me answer my own question. i would rather lose my phone. my wallet has my money in it but what about you? i would like you to tell us which would you lose by preference? i close with a solution. why not make phone manufacturers include a kill switch? if you lost your phone or if it
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was ripped off in the street you can activate your switch and the phone goes totally dead, can't use it or get the info out of it. i am sure it could be done technically so why not do it? it would put thieves out of business and give peace of mind to those who keep very private things in their phone. a kill switch could be reversed, when you got it back all would be well. which would you rather lose? wallace or phone? we've never sold a house before.
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(agent) i'll walk you guys through every step. there are a lot of buyers for a house like yours. (husband) that's good to know. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow.
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when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves.
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find your sleep number setting only at a sleep number store. know better sleep with sleep number. stuart: a new report from the government accountability office and it reveals this. only one government jobless lost due to sequester cuts. i repeat, one. do you remember the doomsday predictions warning that thousands would lose their jobs as a result of the sequestered? role in. >> economists estimating that as a consequence of the sequester we could see growth cut by over 1/2%. accosts 750,000 jobs at a time when we should be growing jobs more quickly. someone is going to be vacuuming and cleaning those floors and throwing out the garbage, they will have less pay. the janitors, security guards,
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they got a pay cut. and they got to figure out how to manage that. that is real. >> sequestration takes place, that will be a great set back. we don't need to be having something like sequestration that is going to cause these job losses, 170 million jobs that could be lost. >> we put that down to some of the tongue, it is not 170 million jobs, it wasn't hundreds of thousands, it was one. liz: one job, government job, the president said hundreds of thousands of jobs could be lost, middle-class people will be heard, harry reid the summer before sequestration said 1.6 million jobs could be lost. we are talking one government job, 7 out of 23 government agencies furloughed and those workers were rehired back. senator tom coburn is saying this is outrageous.
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clearly what happened was the sequestration was coming down, the president, the administration, senators like harry reid height it, exaggerated, overstated what the job losses would be and scared the devil out of the american people. he is saying it was a cabinet level multi agent effort at the cabinet level to scare the american people and what we are seeing now is senator tom coburn saying i wanted explanation. he sent a letter to the omb director, give us an explanation why you scared the american people saying sequestration would hurt jobs when it clearly did not. stuart: we brought you the story from brookings, a leftist organization, as they say the rate of new business formation has been cut in half in the past 30 years. in more recent years more businesses are closing up that are being opened. john stossel is here.
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this week's show is all about risk and business. why is stopping growth of business formation? what is going on? john: it is tougher to do because of regulation. 1,000 pages more every week so reluctant to start something but part of the creation being passed by businesses failing is just part of america. this is a place where it is okay to fail and try something else. stuart: do you think america has shifted? we are frightened of failure and less entrepreneurial because of it and it has american financial culture has it shifted? john: i am not in a position to judge or even willing to trucks to the brookings study. i would like to read more about that. one good point is america compared to your whole country allows failure and thomas edison had a thousand patents that failed before it got a light bulb. dr. seuss submitted his books to
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23 publishers and turned down. in america is okay to fail and try again. i started facebook. i really did. here it is. in my all male college, we published this book of all the girls's pictures. i thought this was a genius idea. we do know what they looked like. unfortunately, the internet didn't exist yet. >> why do you still be longer? john: i had to buy it on ebay. stuart: an all male school? you -- stuart: when you got a list of all the females and traveled to these schools. >> why wasn't it a success? john: it should have been a success. it would have been facebook. t you try again? >> i tried with television news.
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and to the girls are. stuart: that is what your show is about. john: a entrepreneurship but kohl's successes. stuart: you are not prepared to make the judgment, in decline in america because we offer this, we have this safety net. we don't like failure, we got this thing to fall back on so why take the risk in the first place? john: that may be a trend but i am wrong about so many assumptions i assumed when businesses are being started by young people that turns out it is our age group that starts the most businesses. all kinds of weird day. stuart: all the people we have on this show with bright good ideas -- john: good ideas are from young people. i'm talking number of ideas. stuart: have you had a good idea recently at your advanced age?
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john: the stossel show. at 9:00 eastern. stuart: 9:00 eastern shark, it is called stossel landed is from the fox business network. stuart: that is all true. check the big board. a record close, only a few points away from it. please look at 3 am on track to finish at an all-time high, very interesting, $140 a share. here is what is next, something a little different in a halftime report from the nfl, seahawks defensive back richard sherman signed a $57 million deal, $40 million guaranteed. question? is he worth it? we will discuss it next. remembers that from the super bowl? ♪ [ male announcer ] whether it takes 200,000 parts,
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>> 319,000 people filing for first-time jobless benefits, the first decline after three weeks of increases. and the bureau of labor statistics shows the amount of millennials in the labour force at its lowest level since the 1980s, 4 million of them, ages 25 to 29 currently not working.
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and a fixed mortgage rate falling to a six months while. the average rate declined to and from 4.9%. and ben bernanke has a book deal that is worth a million dollars, covering the economic crisis. and w. w. norton and co. scheduled for next year. stay right there. the real halftime report next.
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stuart: here is the real halftime report from chicago. nicole petallides at the exchange. do you remember is this? >> that resulted in fat. >> we were talking about you. stuart: i made a mistake, that is not a super bowl but the nfc championship game. richard sherman, four year, $56 million deal, $40 million of that guaranteed. john, is he worth it? >> when you start with the cornerback, the third best
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receiver, you don't have to run a zone defense, and deion sanders, richard sherman on that guy and leave them on the island and know he will catch few if any balls the entire day, the most playful guy on the field. 1 pour 4 million last year. stuart: you sounded authoritatively and you know what you are talking about. we are staying on football, the nfl draft starts tonight. what advice do you have for instant millionaires? >> two pieces of advice. the first is to get a professional money manager to help them with the money they have coming in because it always seems like at the end of the career they have nothing to show for it. the second is to go out -- don't
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buy and nightclub. stuart: what is your advice. give money to you and let you manage it. >> absolutely. 8% of bancroft, the average career in the nfl is only three years. my advice when i first started sports, people told me to buy a home and i did that, you cannot always pump gas and pay the bill but you need to some type of long-term solvency. stuart: well said. next up tesla, what are they saying on the floor? that stock is down. nicole: i was thinking of bentley and a beautiful girl to take out. that would not be a good idea. go to the home. tesla to the downside because they gave an outlook that was weaker, disappointed investors today, fell 7.5%. the deal they talked about so often, don't forget to asthma has been a highflier, it is up
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260% in the last 52 weeks so it continues to be an out performer easily but that is the one thing, the outlook is weak and they begin selling the models crossover in 2015. >> china's amazon known as ali baba working with shop run. and into china. it helps ali baba keep counterfeit goods off of its operation. >> that is about right and this is a big deal. the 300 million chinese shoppers who want access to retail luxury names in the united states and products can get back in to china and you got to wonder about putting the heat on companies like amazon. ali baba making a big move. stuart: back to larry, big internet names have been dropping very sharply. do you sink this is a bubble in
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those particular stocks? >> it has a lot to do with whether these companies are flappable or not. a lot of them are, getting revenue in the 99-2,000s we are different situations all i don't think we have a bubble. do we think we will see minor corrections? i do. bubble, not like the ones we've seen before. stuart: the dow looks closely setting another record. what do you say? >> it is liquidity driven. with the comparison to the ten year yield or compared to as far as real estate. it is the only place you will get any return on your money and you will see that at least with the fed the way they are for the next several years. stuart: okay. you heard my take on a few moments ago. i would rather lose my phone than my wallet. you climb to 9 facebook and twitter, we will bring you your response next, thank you to the halftime report people, see you again soon. your wallet or your phone? which would you prefer to lose
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if you had to lose one? you responded well. we will tell you what you said in a moment. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors
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and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare.
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stuart: bad news for cable tv
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providers, and numbers from nielsen find the average american family gets 189 different channels battle using a small fraction of them. details? >> 17 out of 189 stations we get on average, we watch 17 of those cable channels and five years ago when we got 50 fewer stations we watched 17 so what does this show you? too much out there, it is about quality, not quantity and a lot of people get mad about this. everybody says this is why there are all lockhart cable pricing. the price for national cable bill is $90 according to the npd group, i found that low but nationally that is the average. they expect that to double to $200 by 2020. stuart: all lockhart pricing will be where you the consumer choose which channels you want to watch in a pre order and pay only for the channels you watch. that is what it is. >> you pay for what you want.
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let me tell you another thing. last year the cable industry lost subscribers. only a small number out of 100 million subscribers declined for the first time. stuart: that is because they are streaming. interesting stuff, big changes in this industry. thank you very much. i told you earlier i would rather lose my phones and my wallet. which would you rather lose? if you had to lose one or the other which would it be? i would rather lose my phone. the thought of going to spend a day at a dmv for new license is appalling. with you all the way. don had this to say. since i had to shut off my cellphone service because president obama had entered my wallet i guess i -- either one wouldn't matter. we had quite the show for you today. killer drones, infomercial man tony little and his $4 billion
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worth of products, wrap up the whole show next.
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when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.
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>> you are an unbelievable, you know, british, economic guy. maybe you can help me make more from these people. [laughter] >> you can give me the techniques. help me out. would you. stuart: stick with me, tony. >> i believe that with all of my heart. stuart: that was tony little. i did tell him i could make him a billionaire. here is what you have to say about the rest of the show. derek had this to say about millennial's not working. "no jobs for them. to be honest, they are pretty lazy. right now they do not know any
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better." nothing will come of lois lerner being held in content. >> i agree. wait a minute, this is a legally binding resolution. the gsa has to do something. stuart: does it mean he is the first guy to be picked? might be. does that mean that all themes have the pick of this guy?
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why does he not have to go to the houston whatever they are? he is drafted. come on. he has to go to houston. >> he does not have to go to houston. stuart: key has been picked by houston. they can send him wherever they want him to go. can they sell him? >> no. >> i have no information. stuart: i want to know where he goes after that and how much money he will make.
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deirdre bolton, it is yours. deirdre: you have to know the houston rockets. this is why you have four girls and i have two boys. stuart: that is a basketball team. i will be watching the show tomorrow as i always do. thank you very much. we will be bringing you more avenues, more ways to raise money. we are focused on net neutrality. companies such as amazon, apple, netflix saying the open internet is at stake. more on what they are proposing and what those changes could mean for big tack and startups. apollo reporting a big profit decreased last quarter. then selling off investments into a rising stock market for


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