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tv   Varney Company  FOX Business  April 15, 2014 11:00am-1:01pm EDT

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google, amazon, facebook, to own it all, got the money to buy it too. senator harry reid back in the news. is not over, he says about the know that at standoff, it may have lived on fire but burn all the way through november's election and a sign of the times story. there are more people on food stamps and women in full-time work. let that sink in. "varney and company" about to begin. ♪ stuart: i said do will wants to own everything, here's what i am talking about. there is the big dog robot we love to show you that great video. they bought the people who make that thing a couple months ago. and android phones are everywhere, today is the day you can plunk down $1,500 to buy
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google glass. the company's name is a verb you use several times a day without thinking about it. now, google one ups facebook and buys the drugmaker, titan aerospace. it wants to bring it to their part of the world. they want to own the internet. they have the money to do it. am i heading in the right direction with this or am i going too far with what google is trying to do? >> you are headed in the right direction. they want the world. they want the whole population. that is what would be behind facebook buying. they can collect a lot of data through these drones. all of these different applications that they have. it is definitely self-serving. stuart: we report almost every
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day on a new area that google is getting into. it seems like they are into just about everything and anything that is connected with the internet. they almost are the internet these days. am i going too far with this? >> no. not at all. the past error on. era was really about mobility. google is the front runner. stuart: stay right there for a second. i have to bring everyone else in on this. charles, what do you make of this? i think facebook reject did, google took this titan, facebook went out and bought their own drugmaker. charles: it is a race.
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it is a serious race. i am wondering why them and not us. we do not know the terms of the deal. the guy who is running the program now will probably continue to run it. we know that, also, facebook is not bashful when it comes to throwing base around. stuart: okay. sandra? sandra: acquisitions are not always what the company believes. a lot of times, it is a defensive move. not all that together surprising. these guys are in fierce competition right now. stuart: we are calling them the new big three. that would be google, amazon, facebook. kind of like ford, gm and
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chrysler. we talked about google before. moments ago. here is a look at the hardware. primarily, and amazon retailer. we have the kindle. they have the fire. they are developing drone delivery. we recently told you about the -- again, am i going too far with this? >> not at all. it is totally blurring. i do not think you are wrong at all. almost invisible. we will always be connected. stuart: charles, as an investor, as someone who is looking towards retiring, i think i have
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to have one or all three of these stocks in my retirement. charles: microsoft was $0.60 it went to $58. all of them went up huge. if you bought it in 2000, you still would not be breaking even. having said that, it depends on where they are in the cycle. they learned a lesson from those other four. they do not want to stay in their lane. i think i would own google and apple here.
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>> i was looking at the market cap. it is blowing the other companies out of the water. facebook has been making some really strategic decisions. stuart: google, facebook, amazon. they absolutely dominate modern talk knowledge he and the internet. am i going too far with this? >> they are really dominating. they are not staying in their lane. they learned lessons from cisco and ibm. maybe gas for your companies that are still around. they are not stopping at
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anything. it is really about this interconnected nests and how to bring the whole population under this one digital banner. stuart: thank you so much for joining us. we appreciate your input. we are down. the dow was up 90 points. we have moved 30 points lower. what happened, charles? nothing has been confirmed in russia yet. yesterday, you guys remember, after 3:00 o'clock, the market completely collapsed. the nasdaq completely collapsed and then revised. stuart: i do see some of the big names. i see amazon down sharply.
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charles: that triggers selling against selling. stuart: let's bring in adam shapiro. he is at the new york stock exchange today. coke. it is a big winner. adam: let's look at the numbers. the numbers beat wall street. non-gap came in at 44. it was the revenue number. coke surprised with 10.58 billion. year over year, revenue was down. in the same quarter last year, revenue was $10 million. the stock repurchase i talked about, but also worldwide volume growth of 2%. in north america, it is less.
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stuart: thank you so much, adam. we have new data. it shows the number of people who receive food stamps is higher than the number of women who work full-time. all right, sandra. 2012, 46 million people on food stamps. 44 million in full-time work. that is women. sandra: the entire basis of this argument is that the number of good paying jobs is just down. it is not improving. it also speaks to the social health of the united states. there are more single women today. it is proven to be much more economical to be married. bottom line, jobs are scarce.
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charles: really, the challenge is to convince people it is worth taking a short-term hit on income so they can climb the ladder of success. it tells you what kind of a fight we are fighting. people are told it is good you do not have to work on, someone else will pay your bills, that is a scary thought. stuart: time is money.
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the cofounder of reddit, a popular online blogging site, he says cable companies that provide the internet service will mess it up. one day only, of course. we do not know how many they will sell. they will trumpet this as a huge success. that is a pr investigation. rent the runway for men's luxury watches. you can rent these things by the hour. charles payne could be there next customer. the feds backing down from that nevada standoff.
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remember, the rancher loss in court three times. ♪
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stuart: look at this. i think this is so low for today's session. where is the price of gold today? down $25. the markett i iss n neaearr ses. that is taking some big names with them. tesla down 190 dollars a share. facebook way down. $1.58 lower. all right, the feds have ended the set up with a nevada cattle rancher. >> if i owe grazing fees, money
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to government, i would be happy to pay it to the proper government. i will be darned if i pay grazing fees to the united states government. stuart: well, okay. here is judge andrew napolitano. seems to me that the rancher does not have, i will be unpopular for saying this, a legal leg to stand on. they lost in court three times. >> yes. i think it was in the wrong court. i do not think the federal court should be deciding.
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they were sort of nerdy. the public would call them machine guns. they pointed at a rancher, fox news journalists and camera folks because this rancher wants to express his freedom of speech. and they cordoned off the area in which they express their freedom of speech. stuart: the feds did have the right to either arrest him or take his property. this is an outstanding case. >> the feds have the right to enforce their judgment against him. if i owed you $1 million i
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refuse to pay, you could not steal my property. when i died, before it passed to my heirs, you would get the first million, plus interest. the federal government on the other hand comes in and steals this cattle and does so with the point of gun and intimidates innocent people that want to protest. that is absolutely un-american. does he legitimately owe the grazing fees? three courts would say he does. what is the remedy for that? stuart: people with social security death are getting a reprieve.
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>> it used to be if your parents received a benefit while you were a child, a baby, and your parents overpaid them, you are not liable to pay back the debts of your parents. they have been seizing irs return checks for adults who parents receive money when these adults were babies. >> they could go back as far as they wanted. they went back 44 years. the woman was seven when her mother was allegedly overpaid. now at age 57, the government says they will seize her income tax return because her mother received too much money 44 years ago.
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on their own, they decided to reduce it to 10. guess what, the law of the land is six years. children are not liable for the debts of their parents unless they agreed to be liable to the death of their parents. they cannot do it while they are babies. your children are not liable for your debts unless your children affirmatively agreed to back up those debts. these children were babies at the time these deaths occurred. stuart: want to wear a fancy
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watch that you don't want to pay tens of thousands of dollars? you can rent it through a website. while charles payne be there next customer? charles: this is frank mueller. stuart: how much? charles: overt 10 grand. >> he could sell that to me right now for four. charles: i think i could get 4400 on ebay. [laughter] ♪
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♪ stuart: at the the top 20% is over 90% of washington, d.c.'s income tax revenue. twenty of them pay for everything for the other 80. is that healthy? should we all share at least part of the bill? yes is the answer. that was part of my tape from yesterday on the consequences on the tax the rich policies. we asked you what you thought about policy. here is what you had to say. i do not think anyone should have to pay income taxes. i think you should tax consumption only.
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it will not happen. michael does not think the policy is fair. adding 90% of americans have no idea how m much americans with high income. all they hear about is how they need to pay more. he says, i think it is completely fair that the lousy for fritz already tired of paying hand over foot to pay a little more. that is grover norquist's group. 442 tax increases. this number does not include the 20 tax increases signed into law as part of obamacare.
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there is a company called 11 james. $10,000 on his watch. charles. would you spend $249 a month instead of laying out 10,000 for that piece of bling? charles: i have to tell you, it is a pretty good deal. they have three levels. it is like driving a bentley for a while. it can motivate you. it motivates you more than a welfare check. when you get one of these bad boys, you want more. it is like a custom made suit. you feel great when you put it on. aficionado of 215 grand. the connoisseur is up to 30 grand. another up to 50,000.
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one you actually get equity in the watch as you pay. stuart: a rent to buy kind of thing. stuart: thank you, charles. next martial art. the fastest growing sport in the country. can it ever weekend as much money as boxing? we have former ufc lightweight champion with us next. >> we like to be the one. people calling you a champ has a nice ring to it. ♪
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stuart: look at it come pack a little, down 12 now. we were up 100, then down 40, now 1 is. charles is going to make us money with something called trip adviser. i've heard of this. >> like a lot of these high flying stocks, it's taken a pretty good hit. in part, the execution's been so-so. i really love this company. they've got a nice mix of revenue coming in from subscriptions. business around the world, global footprint. rest of world was up 36%, but the u.s. is up too. and i love the management.
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last year 82 million downloads -- stuart: on mobile? that's a big deal. >> yeah, it is. stock's come down, it's getting reasonably priced, like to see it close today above 81, and my target would would be $96. stuart: go for the money there. >> that's right. i'm going for the gusto. stuart: you just said that on videotape. and, you know what? we'll be back. >> well, the guys with the tattoos came, and i got rambunctious. stuart: let's introduce the man, shall we? the new mixed martial arts sport of ufc has really gained a lot of traction. boxing stars, you know, old-fashioned boxing with the gloves and all, they till take what we're told is 40 times more in money, dollar terms, per fight. here is frankie edgar, former ufc lightweight champion and coach of the new show "the ultimate fighter," tattoos and all, he joins us now. frank city, thank you concern --
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frankie, good to have you. i came into this thinking that boxing has faded and that you guys have really taken over the fighting business, put it like that. but now i find that boxing pay-per-view brings in a lot more money than you guys do. what have you got to say? >> yeah, boxing's been around a lot longer than we have. i think when you look at some of these numbers, your looking at some of the top boxers, mayweather, pack yaw, but as aog aggression. stuart: you've got a lot more bounce. >> yes. a hot more events put on by the ufc. stuart: and ratings are good on television? >> yeah, very good. it's just been uphill. stuart: you've got a big show tomorrow? >> the ultimate fighter 19 airs. stuart: ultimate fighter 19. >> yes. stuart: so a whole bunch of guys in cages going at it? >> yeah. guys, they come, 32 guys, they
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have to fight to get into the house, and if they win and get into the finale, they get a contract with the ufc. stuart: i would think that this ultimate fighting, mixed martial arts, that's the real thing because you really try to hurt the other guy, don't you? >> yeah, you know, the guy's trying to hurt you, you're trying to hurt him, but it's to get the victory. stuart: i think there was some suspicion that boxing matches worryinged and all these different world heavyweight champions, half from one side of the world, half from the other, that doesn't work for me any longer. but at the same time, i don't like to see you guys spitting your teeth out and your tattoos, you know what i mean? [laughter] >> yeah, you know, it's part of it. but we're professional athletes just like any other athletes. we prepare the right way and go in there and put on a show. stuart: ever been interviewed by an englishman before? >> yes, i have. none as good looking as yourself. [laughter] stuart: have you made serious money? >> i've made money. stuart: you were a champion. >> yeah, i was a champion.
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you make more money than if you're not, but it's definitely lucrative. stuart: have you kept it? >> i have. stuart: you're not fighting any longer? >> i'm still fighting. stuart: do you make 100 million? >> not 100. stuart: 50 million? 10? >> not ten. but i've still got some -- stuart: are you embarrassed by this line of questioning? >> no, not at all. stuart: are you glad you came? >> yeah. i was a plumber before i was a fighter. so it's nice that i don't have to do that anymore, and i get to provide more my family doing something i love. >> frankie, i want to -- do you think there should be more distribution of the money to the fighters? i mean, you know, i know dana white's dope an amazing job, but you see how how much money elite boxers get, it just doesn't feel right. >> i think it's just a different model. when you watch a boxing event, you're only looking for the main event. when you watch a ufc event, every fight on the card is manager you're interested in, and i think the money gets
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distributed that way and, again, we put on a lot more events. i've been taken care of and that's really what i worry about. stuart: now you're a coach. >> i'm a coach on the next season of the ultimate fighter. stuart: have you got a whole bunch of fighters or just one? >> no, there'll be eight on my team and my opponent or the opposing coach has eight on his team. stuart: this is saturday, 1:00 eastern -- >> no, tomorrow, 1:00 eastern on fox sports one. stuart: it's got to be at night. there's no such thing as a fight at 10:00 in the morning. well, good luck to you and your team. spit some blood there, boy. >> yeah, we will. [laughter] stuart: i don't know what i'm talking about. frankie edgar, thanks for joining me. harry reid says the fight with those cattle ranchers in his state is not over. is this going to cause some big problems for mr. reid in the midterm elections? more op that next. more on that next. ♪
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shortening the next tenure to between 10-15 years hinting that immelt may give up the job before his expected 20-year term ends. check ge shares right now, down fractionally. next up, maker studios says shareholders have approved the company's purchase by walt disney. last month disney offered to buy maker for up to $958 million, relativity made a competing offer of up to $1.1 billion. disney shares down almost 1%. and senator harry reid now getting in the fight with the cattle ranchers. we'll have more on that next. weekdays are for rising to the challenge.
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stuart: now, charles mentioned this earlier, ap confirms heavy gunfire order at an airport in eastern ukraine. ukrainian troops moving in against pro-russia militia. shots fired. that could be what spooked the markets early. we were up 100, now we're down 22, but look at the price of gold. it's still down sharply. why is the price of gold not going up when you've got this kind of instability in a key sector of the world? it's down $24. that is an unanswered question. now, when the market did turn south, all of those so-called momentum stocks went down as well bigtime. adam, how far down, which stocks are we talking about? >> well, let's go through some of the biggest of them, stuart,
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amazon down 2% today but year to date down 22%. they sold out of their fire tv unit two weeks after they announced it, but they're in competition with netflix, i'm going to get to them in a second. tesla, they're down 3% today. year to date, though, tesla is still up 27%. the low was around 191, $192 for tesla. they're getting reready e expad into china, model s is going to be going there, but car sales slowing down dramatically. that could be a problem for them, and they're blocked in arizona from selling their tesla vehicles. netflix, here's one you want to watch, today down 3.8%, year to date down 13.4%. they are, according to different analysts, the behemoth when you talk about digitally-delivered television programming. peak time downstream traffic 32%, that's how much they control. amazon can't even come close, 2% video, hulu's even 1%. but despite their strength, trading down today. and then facebook down 2.5 president. year to date they're up 5%, but
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remember, they were trying to buy titan, they got outbid. i went to google. stuart: adam, thank you very much, indeed. curious about a stock? tweet us using @charlespayne. never heard of it. >> yeah, it's one i talked about on the show. it's one of these high flying stocks that make the semiconductor chips that into into gyroscopes, and it monitors your movement in your smartphones or anything else. huge upside potential. here's two problems they have. the most recent quarter they missed the street, and there have been 30 insider sells. having said that, though, wall street still continues to ratchet up their future earnings for this company. if i'm in it, i hold it, i ride out this wild wave, and if i'm not in it, i think once we get all of these momentum stocks, you know, whenever you find a bottom, it'd be a name i'd like to buy. stuart: but not right now.
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>> well, today, you don't necessarily have to do it today, but i would definitely hold on. stuart: charles, thanks so much. harry reid weighing in on the ongoing battle between the cattle rancher in nevada and the federal bureau of land management. here's what he had to say about the standoff, and i'm quoting directly. it's not over, we can't have an american people that violate the law and then just walk away from it, so it is not over. our next guest says that scene in nevada is a sign of what is to come in the midterms in november. joining us now is washington times opinion editor emily miller. so you think that there's been a fire lit in nevada which will burn all the way through and help the republicans in november, that's what you're saying? >> oh, i absolutely do. i think what we're seeing in nevada, the standoff at bundy ranch, is telling of what we're going to see in the midterm elections. you saw people come from all over the west to come and defend this family and these ranchers
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when the federal government came in and took their cows on saturday, and i think that is going to be telling of how the people in this country are tired of the federal government, tired of the overreach of the federal government and looking to fight back. stuart: tell me how it's national. i understand that in nevada, yep, strong feeling about the feds and their influence and their power and the way they went after this ran church but what about the rest of the country? do you think the rest of the country have a similar anti-big government feeling? >> absolutely. i mean, look at the approval ratings for obamacare. it's like in the toilet. i mean, people are so tired of this overreach, and they're fighting back. i mean, that's what the tea party started with in 2012, and i think that's what -- or 2010. i think that's what you're going to start seeing in 2014 as well is this fight back over oversized government. but a lot is going to come out now about what is harry reid's role. nevada's his home state, his top aide is the head, just confirmed, of the bureau of land management which oversaw sending armed federal officers to the
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bundy's ranch and on this federal property as well and to take these cows, and that's where you saw people from all over the west come with their guns using their second amendment right to fight against a tyrannical government. stuart: well, the feds backed off because they didn't want gun gunfire at the nevada o.k. corral, but harry reid says it's not over, they're going to go back. and, you know, he does have a point about the rule of law. mr. bundy, the rancher, he lost three times in court, and he does owe grazing fees, i think to the federal government. >> well, mr. bundy said that he believes, and this, obviously, as you point outut factctuauallt does have to be resolved in courts, but he believes that he owes the money to the state or locality and not the federal government. and, you know, you look at nevada and a lot of states out west and a huge, huge percentage of that land is federally-owned property. but the question is why did the bureau of land management and harry reid's top aide decide to
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send armed officers? why did it come to that level? stuart: you answer the question, why did he do that? >> well, you know, and i think we're going to see investigations, and i'll be surprised if, you know, congressman issa and his oversight committee starts looking into that. why was that decision made? why did it escalate so fast? it's very frightening to hear harry reid, the senate majority leader, to say it's not over. when the bureau of land management pulled back with their armed guards so it wouldn't turn into an armed attack between these two groups and for the senate majority leader to defy both governor, both the -- everybody else and say we're going to keep this up, i mean, that's really terrifying. stuart: we hear you. emily miller, washington times, thanks for joining us. quickly, put the dow up again because now we're down 60 points. we brought you the news that ap confirms heavy gunfire in eastern ukraine. that has spooked the market. now we're down 63.
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16,1 is where we are, dow down some more. the smoothie chain, it is, i'm told, a smoothie chain, it's called maui wowie. they're expanding. all those -- are those smoothies really that healthy? and what's with that name? i honestly thought that was a kind of pot. we'll talk to the ceo next. ♪ ♪ ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter...
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stuart: cyber crime not going away, in , we hear it is getting worse. new study from pew says reports of personal data theft up 7% over the past six months. this includes the theft of numbers, credit card information, passwords too. this report coming after -- before, actually, before recent news of that new heart bleed bug which released all kinds of passwords all over the world. and then we have this. the denver-based coffee and smoothie company maui wowie, expanding bigtime this year, and the ceo is here. but first of all, maui wowie, you chose that name deliberately
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to attract potheads because you know that's the name for high grade marijuana, don't you? >> absolutely, aloha, thanks for having me. stuart: yeah, right. okay -- >> the company's actually 32 years old, founders are based out of utah, and they had a deep-seeded love for hawaii. stuart: 32 years ago when you got the company going, maui works ow -- wowi was big. >> i was 4 years old -- stuart: you know you were exploiting the marijuana connection. you know you were. >> they love hawaii. a great family tradition -- stuart: what is this? i know you are a lawyer, aren't you? >> correct. stuart: and you're sticking to your talking points. so no matter what i ask you, you will respond to the talking points you want out there, won't you? >> like any good attorney. stuart: how many new units this year? >> 50 across the country. stuart: how many have you got already? >> 250 fran franchisees, primary
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mobile. military bases, hospitals, amusement parks, wherever you want to be. stuart: your competition is jamba, right? >> they're more traditional. we're in the nontraditional arena. stuart: they should change their name to something like afghan red or something. [laughter] okay. you put out gluten-free, all fruit, nonpat proby yachtic yogurt smoothies. >> correct. stuart: you live and die on those things. >> they're great. stuart: 47 grams of sugar. >> well, the sugar's mainly natural, so in your fruit you have a lot of those natural sugars that add in there. stuart: you want to be a national chain -- >> we're a global chain. we're in the middle east, saudi arabia, qatar, egypt, we're in mexico, we're worldwide. stuart: and so you want to be the starbucks of healthy smoothies, that kind of thing. >> not necessarily. you know, starbucks is starbucks with. we're maui wowie, we've been doing what we've done for 32 years. we're the mobile leader, the
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global leader. 400 carts around the country. you've probably seen us and not realized it. we just opened at coney eye hand yesterday. stuart: i've got to return to the original question. you are exploiting the marijuana connection, aren't you? with a name like that, you are. >> i don't think so. if you choose to play into it and you like it, sure. but -- [laughter] stuart: everybody in this studio, everybody at our morning meeting knows the meaning of maui wowie, and you chose that name quite deliberately, didn't you? >> like i said, i was 4 years old. i know that they loved hawaii, and they chose maui wowie at the time. stuart: okay. jeff weinberger, thanks so much for joining us. it was good stuff and good luck with the expansion. >> thanks for having me. stuart: all right. the latest gee whiz technology to come from google. not drones, contact lenses with built-in cameras. we'll have that for you in two minutes. plus, the woman who's made grown
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men cry on tv all in the name of money. she's turned around a bunch of businesses doing it that way. all about hair. got a jam packed hour number two coming up. stay right there, please. ♪ ♪ we asked people a question,
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how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need
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for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ stuart: oh, yes, we are jam packed. here we go for our second hour. the latest gee whiz from google. yes, they bought a drone company, but they've also got a contact lens with a camera in it. we'll analyze the massive tax refund fraud, all they need for a fake return is a birthday, a name and a social security number. you will not believe how much taxpayers' money will be lost from this. and you will be shocked at this too. more people get food stamps than women in full-time work. kind of like bar rescue, turns around hair salons and makes a ton doing it. and cheryl casone has the story on endless epa rules that have
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home builders and homeowners hopping mad. ♪ ♪ >> they're not shopping at anything, it's not about the pc, it's not about just the mobile phone, it's really about this interconnectedness and how no bring the whole population under this one digital banner. stuart: well, she's talking about google. and when we say that google's enter everything, we mean it. the company has patented s smart contact lens system with a camera built in. it kind of reminds us of the scene from mission impossible goes protocol with a smart contact lens that photographs secret documents. you remember that one? here's our own secret agent, joining us now, our tech watcher. welcome back to the show. >> thank you for having me. stuart: i find this hard to believe, contact lenses with a camera so small that it looks right out out there. >> you can't go to best buy and
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pick one of these up, but it's sort of expanding this idea that they introduce google glass into a more wearable form. stuart: but what would you do with this camera? >> it would project data, you have an e-mail, it'll let you know you have an e-mail, it can see temperature, it can see all sorts of -- stuart: you'd see it in thin area. you've got this -- but the camera looks out, right? >> right. it also projects the, this data sort of -- it's, this is the issue that it is a, right now it's a patent. so, essentially, like the device itself is not really in existence as much as they're just messing, they're, like, exploring this option, and they want to make sure they have sort of the right to explore -- exactly. so they have prototypes and stuff like that, but they're not sharing this with media or consumers right now. stuart: more developed and on the market is glass, otherwise known as google glass. >> right here, yeah. stuart: and they're selling them to anybody who wants to buy
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$1500. >> yeah. today is the only day that the public can just buy them at will, it's $1500 plus tax. it's a sizable investment. are you asking me whether i recommend this investment? stuart: no. i'm saying that is a wonderful public relations -- >> it really is. stuart: that's what it is. >> it really is. this feels like a very early version of what they're working towards. i don't think they envision people all across the globe wearing these, but ten years from now we could see this idea really coming into the fore front. stuart: it's a prototype. >> exactly. stuart: they'll refine this thing, make it better, but they've got to settle the legal problems. can you drive with these things on? >> not only that, i walked into the subway the other day, i saw someone wearing them. i'm a tech person, it put me off. it's disconcerting because at any moment, you know, they could be recording you, they could be taking picture ofs you and -- pictures of you, and you have no idea. stuart: you've got google glass with you now. if you put it on, can you take a
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picture of me? >> sure, i could. stuart: go ahead. you could take a picture of me right now? >> okay, glass, take a picture. and it just took a picture. stuart: it did? >> i didn't even hear it. stuart: neither did i. >> it's very quiet. stuart: video recording as well? >> as well. these glasses do video recording as well. stuart: i could perform into your google glass, and it would record the whole thing? >> absolutely. people are using them in skydiving and stuff like that. implementations of them, but as you said, privacy concerns, legal concerns while driving, stuff like that, it's dicey. it's definitely new territory, and i know a lot of people are going to be against it. stuart: but at the end of the day, i say that will become a mass market product. >> sure. i wouldn't say in this form factor, but definitely this is where things are going. >> but that means that a lot of people are going to be walking around, maybe a billion people at some point being able to take a picture of you and i, video recording of you and i, facial recognition so we know exactly
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who we are even as strangers, you'll know exactly -- that's coming, isn't it? >> yep, absolutely. stuart: and google's got it. that's why we say google's into everything, they own everything. does that worry you at all? >> you know, i mean, google's a big company. apple is another company that really is trying to delve into as many areas as possible. stuart: but they're really into you, aren't they? >> absolutely. because that's who's buying something. that's the whole market. that's why twitter's exploding, facebook's exploding is because you want to get out there. your data is valuable to them. your, what you buy, what you're sharing is valuable to them. stuart: the stock's down big at the moment, but that's part of a general market selloff. all kinds of reasons. russ, thanks very much for inyoing us. appreciate it. -- for joining us. stocks back, they are now at session lows. the reason for the turn around on the market is that ap confirms heavy gunfire heard in eastern ukraine. but look at the price of gold.
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it's down. why is it down? you've got this tension, clear tension in ukraine. normally when you've got international tension in a hot spot, gold goes up. today it's down $23. you can be sure that in our real halftime report we'll take on the question of why gold isn't up. biggest loser on the s&p 500, it is best buy. why is that, adam shapiro? >> couple of things going on with them, stuart. first, they are down year to date 39% and then this morning it was announced that the president of their u.s. retail operations, he's been there almost 29 years, that he's out immediately. he's going to be replaced by the hr, the head of hr. so not exactly someone who might have retail experience. but you should also know that sean score used to be president of best buy mobile. what's happened that has nothing to do with them? h.h. greg have put out a warning they're going to have a sales miss in may. they're getting out of the cell
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phone business. when you walk into best buy, what's the first thing you see? mobile phones. also the fact that the ceo who's been there since 2012, he started out very well turning best buy around, same-store sales were up but then january for the nine weeks that ended january 9th, i believe it was, same-store sales have fallen 2.6%, and they haven't been able to turn it around since then. stuart: thanks, adam. you know, we don't talk a lot about home builder sentiments on this program, but today we've got quite a headline within the home builder sentiment numbers. according to the homeowners trade group, nahb, it's the epa that is imposing a lot of new regulations, imposing them left and right, that is bringing sentiment down. cheryl casone did the digging on this one and has a report for us. all right. so home builder sentiment down because the epa is just chucking out new rules on the building of homes. >> yes. stuart: tell me what rules. >> the headlines, of course, are
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it's financing, and that's all true, but it is the epa that's got the home builders most concerned right now. last month the epa came up with according to the army corps of engineers, they came up with these new regulations, basically. they want to change the classification of what is tributary, what is tributary. that is changing what a wetland is. wetlands across this country and what they are saying is that now even if it's a puddle on a piece of -- look, if you want to build on lake michigan in chicago, you're going to have to get permits, correct? they're saying now though if you've got even if it's temporary water on a piece of land, the epa can classify that as a wetland. this is the environmentalists that have been pushing the epa in this direction. they don't want to see building, they don't want to see new home development at all, and this is what they are doing to push this back. there's been discussion about it, but now it's really getting to a firestorm in d.c. stuart: a puddle can hold me up. >> yep, a temporary puddle. you could not believe -- we're
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talking about 200,000 permits for wetlands every year. the cost per permit can be anywhere from $20,000 up to $300,000 for these permits. that's what these builders and these land developers are facing. it's an uphill battle. this has been in and out of the supreme court twice, stuart. i'm sure the judge has told you about this. i mean, this is something that has been -- but it still has been unclear. well, now the obama administration is using the epa to say, okay, here's how you're going to regulate land. forget what the supreme court said, forget that they actually backed up the builders. they backed up business. the epa is using this as a sidestep. and the builders have very upset. stuart: that's a terrific report because i don't think many people realize the importance of the change in the definition of what is wetland and how it applies to building a new home or any kind of structure. i don't think people realize that yet. >> yeah. jerry howard, we spoke to him today, he said, look, by changing this definition, he said, you know, this is
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regulation over waters. it's ridiculous, laughable, it's not right, they're going to keep fighting it. stuart: that's extraordinary. cheryl, thank you very much, indeed. here's a tax day story for you. criminals using your social security number to file a false tax return, they take your refund without you even knowing about it. joining us now, coal fire ceo rick bacon. rick, welcome to to the show. i've got to keep this short because i've got all kinds of breaking news, but i am told that if somebody's got my name, my social security and my birthday, they can get out there and file a false tax return and get the refund for themselves. is that accurate? >> that is absolutely accurate, stuart. but it's really the tip of the iceberg. we're seeing a systemic problem in cybersecurity that hahas now led to a two-part problem. part of it is data protection, and part of it is fraud. the tax fraud just is another element of the overall problem that we're experiencing.
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stuart: let me stay with the tax fraud angle for a second. i think i saw a projection just the other data this problem is not going away, that $4 billion was mistakenly sent out as bogus tax refunds. that was last year. in the next four or five years, it's going to be over 20 billion. is that accurate? >> we're on that trajectory right now. and, again, not only on tax returns, but on other types of fraud. the amount of information that the criminal element has -- and it's becoming much more sophisticateed -- in exploiting that information presents a much, much greater problem to the irs, to tax-filing services. so we're seeing throughout the united states companies just are not prepared to defend themselves against a wave of information that appears to be accurate. it's just it's being used should i, the consumer, right
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now change every password that i've got? should i do it? [laughter] >> in general networks, no. terms, no. i think that kind of hysteria tends to desensitize consumers at a time when there's an awakening. the right thing to do is when you go to a web site, especially if you go to a tax-filing web site, and there's security warning, follow those security warnings. we're going to see some companies do very well on meeting the high demands of the consumer, and we're going to see other organizations not do well. protect yourselves when you see the warnings. stuart: we hear you. rick, thanks for joining us. do appreciate it. we are calling it the air b&b for businesses, a new service lets businesses rent out their store fronts forup sellers. th is ♪ i've always had to keep my eye on her...
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but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile, not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still gonna give me a heart attack. innovations that work for you. that's health in numbers. unitedhealthcare. stuart: all right, look at the dow industrials, they are coming back from the lows of the day,
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now we're down 69. coke still a winner, strong sales in china, up it goes, 4%. big gain for a stock like that. profits are strong and the outlook is strong at j&j, it's up in a down market. then we have the co-founder of the popular web site read it making a prediction about the future of the internet, and it's not good. elizabeth macdonald has done the digging on one. what is he saying and why is he saying it? >> he's saying that, you know what? your internet bill is going to start looking like your cable bill or your phone bill where they will sell you basic packages. maybe you'll get google in there, but you'll have to pay extra for google. my god -- stuart: my cable provider. >> so your cable provider could start breaking out your internet services and charging you extra for things like -- stuart: they already do. i mean, i pay for cable tv, i pay for my land line, and i pay for my internet service. now you're saying they're going to break down that internet service? >> that's a good point. he's saying he could start charging you separately say for,
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you know, going on facebook or separately for going on google. that's what he's saying. your phone bill is about as transparent as a bucket of molasses, so it's going to get worse. steert. stuart: stuart is he right? >> it's common sense logic that rings like a bell. it's a trend that he is saying could be coming down. and you know what's really scary about this story, and i a hate to use the word scary, but concerning, let's use the word concerning. we've got comcast/time warner merging, they're going to command 40 percent of the pipes, so those guys can possibly dictate what they can charge you as a user, right, stuart? so what's clear here is this could happen down the road, is what he is saying. stuart: why is the guy from read it saying this? what's he got to do with charges for -- >> because he is saying he, essentially, built his company which is an entertainment and news web site, you know, on his own with his buddies say in a
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garage. it'd be harder to get those kinds of start-up companies going. so interesting trend. the it's one of those stories that brings common sense logic that rings like a bell like, oh, of course, of course drugstores are going to have the walk-in clinics to get your heart or blood pressure done, of course cable companies could start charging you for services like google or or things that you want. excuse me, in an internet package like cable packages. stuart: you're right. common sense story. it is logical. it flows. >> yes, yes. and good god, do we want this to happen? i don't know how your viewers feel about it, but holy cow. stuart: yeah. i think they feel exactly the same way. here it comes. thanks, liz. we talk about people finding different ways to make money online. our next guest has a web site that helps you rent temporary retail space for a very short period of time. essentially, a pop-up retail operation. pop-up store. it's called storefront, and the co-founder and ceo is eric
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ellison, and he joins us now. how short a time period are we talking about? maybe i could rent a store space for a week? something like that? >> sure. hi, stuart. yeah, it could be anywhere from a couple days at street fair to a couple months around the holiday season. stuart: okay. and you're the middleman, so you take a piece of the rental, basically, that's how you make your money. >> correct. we take a percent of each transaction. stuart: and do you find people rent a storefront operation near a pig, temporary event, for example? >> sure, sure. it could be anything from fashion week in new york to, i mean, today is tax day, so h&r block open toes over 1100 stores for a seven-week time period just during tax season. stuart: have you got their business? >> we don't yet but very soon. we've worked with google and nike but also thousands of small businesses and merchants that are, you know, maybe making something in their home such as candles and looking to test the
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offline waters. stuart: look, i can see how this is tailor made for the internet kind of sft that you're running -- service that you're running here. you've got global reach, everybody can come to you, and you can go everywhere in the world. you really are in the right place at the right time. how old is your company? >> sure, we're about 12 months old to. stuart: what? did you say you've got thousands of clients? >> correct. we've had thousands of stores open. what's great is there's 23 million small businesses in the u.s., and for us what we say is, look, test the waters on offline. it's low risk, it's short-term so you're not signing a 5 or 10-year lease and see if your product resonates with customers and if so, fantastic. let's see how we can help you scale. stuart: okay. if it's a thousand dollars a week, for example, to rent a storefront, a thousand bucks, what's your piece? >> sure. stuart: 10%? >> sure. we take 10%. but what we've seen has been
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significantly beneficial to our customers is for every dollar they spend renting a space, they generate $7 in sales revenue. so it's a proven model for them, and, you know, with e-commerce you open a store online, you're not sure if you'll sell any product, but so far so good for us with our merchants. stuart: you've got a piece of the action, right? you're one of the owners of this operation, correct? store front? >> correct. stuart: and would you sell tomorrow morning for $10 million? >> no. we're expecting to build a big business here. stuart: would you sell for $100 million? >> you know, i have one life to live, so i'm going to take this as far as i can go. stuart: that's what everybody says to me. no, we don't want $100 million, no, no, we're in this for the good of our business. >> i suppose it's the american dream. stuart: would you go for a billion? >> not today. [laughter] stuart: i don't believe a word of it, eric ellison. i don't believe it. but you're a welcome guest, and come on back and tell us how
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you're doing because that's really good stuff. >> sure. thanks, stuart, appreciate it. stuart: food stamp use exploding since president obama took office. i say he really has fundamentally changed this country. we were a nation of workers, now people say we're a nation of takers. what would nancy pelosi say about that? >> it's the biggest bang for the buck when you do food stamps and unemployment insurance. the biggest bang for the buck. ♪ ♪
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why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup w york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at
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i'm taking off, but, uh, don't worry. i'm gonna leave the tv on for you. and if anything happens, don't forget about the new xfinity my account app. you can troubleshoot technical issues here. if you make an appointment, you can check out the status here. you can pay the bill, too. but don't worry about that right now. okay. how do i look? ♪ thanks. [ male announcer ] troubleshoot, manage appointments, and bill pay from your phone. introducing the xfinity my account app. xfinity watchathon week was the biggest week in televisionhone. history. but just when you thought it was over...
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what now? with xfinity on demand you can always watch the latest episodes of tv's hottest shows. good news. like hannibal... chicago fire.... ...and bates motel. the day after they air. xfinity on demand. all the latest episodes. all included with your service. it's like hi-fiving your eyeballs. xfinity...the future of awesome. stuart: ah, this is the low for the day, about a half hour ago ap confirmed that gunfire had been heard in ukraine, market headed south at that point. why is the price of gold moving lower though with that news out of ukraine? we'll have more on that in the real halftime report about 15 minutes away. and a few minutes from now, she has made grown men cry on tv. she turns around hair salons. tabitha cough fee is here. she's going to try to make me cry.
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stuart: the president really has changed america. in particular, he has shifted the country towards dependence and away from work. here's my take. be a classic example for you. look at food stamps. in 2012 46 million people got free government food. in 2012, 44 million women worked full time. now, please, just think about that. more people on food stamps than women putting in a 40-hour week. wasn't always like this. in 1969 it was two million on food stamps versus 15 million working women. and the shift to welfare not work has moved into top gear in the last five obama years. it's deliberate. the president is buying votes. nancy employees i said food stamps -- pelosi said food stamps give the best bang for the buck. she wasn't talking about getting the economy going, she was talking about getting out the vote with your money. joe biden said obamacare will liberate you from work. nah, he was saying we'll give
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you everything you want, you don't have to work, but you better vote for me. what we're seeing here is an explosion of giveaways and a shrinking of work and the work ethic. who would have thought just a few years ago that more people would be on food stamps than women working full time? but that's what we've got. more welfare, more spending, more debt. less work, less income. it is called redistribution, and it really has changed america.
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more to get a college loan because of a law passed last summer. lauren simonetti has the story. >> the student loan problem is a crisis. it is $1.2 trillion. the average student graduating $20,000 in debt has to buy a car, home, start a business and interest rates going up because last year congress agreed to tie them to the ten year treasury and the market, what the government pays. for this year now and the year end in june, 3.86 is the direct subsidized stafford loan. in june we know what the auction is, it is expected to go up, consumer financial protection
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bureau says 4.5%. stuart: when the interest rate is the rate on the ten year treasury and your projected to go up. we don't know that for issue. >> we wl ow june 1s end 8%. how is this helping the problem. is not helping the student loan crisis if -- >> in search of a pin for a while and this could be as rates move higher. >> revenue coming in big time. stuart: you either set it at a market rate tying it to the ten year treasury or at an artificially low rate in which case it is thatpaye bsidher subsidy? >> it is a subsidy for the fat cat academics, donald trump empire is when it is college students and middle-class
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families getting hit. stuart: supplies of market rate you would go with what? >> market rate. stuart: going to be arguing. check the big tech rally or check the big tech all of them are down. these stocks made a lot of head wind, three months of the year. amazon down 7, tesla down 10, netflix down 16 and facebook down almost 4%, back to 56. they call them momentum stocks, losing a lot of ground today. breaking news out of detroit, the city reached a deal with retired police and firefighters on pension and retiree health benefits. the retirees will see no cuts in their current pension benefits but their caller benefits will be cut in half. sounds like a deal on the side of the unions. that would be my opinion. liz: this is the template what
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is going on in they troy, other bankrupt cities across the country, cut the cost of living adjustment because it is hidden, hard to find, hard to see. federal security benefits. stuart: won't get out of the hole. stuart: let's move on. our next guest turns around, a failing hair salons and other businesses and holds no punches when she does it. bravoed tv show called caliber takes over. turn new book is called alone it. join us is tabitha coffee originally from australia. do you use bad language on your show? >> absolutely. abundant use it on this show. >> i promise i will not but i use bad language in everyday life as some people do when i get frustrated and occasionally it is on my show. stuart: gordon ramsey, another englishman that comes over here using foul language and does well on television.
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>> i am tougher than gordon and much prettier. stuart: you scream? you can't do this, you are fired, you are out of here, you do that? >> i shout and scream in a different way. i am tough. i have high expectations. i don't shout and scream a lot but have high expectations of people and of myself. if you commit to something you should work really hard to do the best you can to achieve that job. stuart: going into it the owners and employees of the hair salon they know that you are coming in. they know you have 100% control. >> they don't know i am coming. staff's nominate them or sometimes a client that sees businesses struggling or they themselves ask my help, they don't know i am their which creates a lot of surprise and tension. stuart: when you arrive fresh out of a blue and -- >> tell the honest and come out and meet me and you see people
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become hysterical sometimes because they expected me to be there. i play them back and show them what has happened and we talk about the problems, financial problems. stuart: i know the logistics and financing of television. there is no way you are going to block out a whole bunch of days, a rival of several camera crews, you won't arrived with your high priced personnel and have them say get out of here, we are not doing it. you can't do that. >> people agreed to have me in. i make no bones about that. people say we need your help but they don't know that i am physically there. stuart: you live by our rescue. >> except i was first. i am proud of them. i don't say spiteful the that i was first. i love the fact that there are shows out there that are real shows that really want to help business owners get a handle on
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what they are doing because a lot of people businesses are out of control and let them become out of control so sometimes -- stuart: what is the biggest problem you normally find? >> people are scared to take ownership. people are scared to reprimand themselves and have expectation and expect their staff to actually adhere to that expectation and have consequences. they are scared of reprimanding people and laying down the line and saying this is how i wanted done in my business and this is how we do things. stuart: when you walked in and shout and scream and reorganize things in front of paying customers. ladies having their hair done? >> i have clients coming as part of anything that july don't take over salons but to other small businesses. part of it is seeing people in action and how they interact with clients or assessing their work and seeing what they do. clients come in that are models that i organized so i can see
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them going through the process. these ladies know it is a learning process, people are at different levels, skill level i can karen t the skill level but i will always be there to help guide the style for. stuart: when you are now one of the socialists who comes over here with a british accent and tells americans they should have more government and more taxes. you are not like that. >> you heard me scream that on my show. stuart: i have not heard you scream that and you don't believe government is the agency to turn around a house on. >> individuals need to be responsible for their own business. they should help them to growth to keep the country going. stuart: when you like america? >> i love it here. i have been here 16 years. i love it. stuart: i am double that. tabitha coffee, great book, great show, thanks for being here. good luck. we said it before. tech is king, google, amazon, facebook oyster to be the next
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big three, gm, ford and chrysler of american companies? the real halftime report is next. passion...
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became your business. at&t can help simplify how you manage it. so you can focus on what you love most. when everyone and everything works together, business just sings.
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>> according to the department of agriculture and census bureau in 2012 and number 0 of people who receive food stamps was higher than the number of women working full time, in 2012 there were 46 million people receiving food stamps but 44 million women who worked full time year round. and in 2009 president obama formally proposed a total of 442 tax increases. should be noted this number does not include a 20 tax increases signed into law by obamacare. federal authorities filed two criminal charges against a woman accused of throwing a shoe at hillary clinton las vegas. she could face a year in prison 0 -- federal prison. the real halftime report is next. five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap...
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of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. i'm d-a-v-e and i have copd. with the mobile trader app. i'm k-a-t-e and i have copd, but i don't want my breathing problems to get in the way my volunteering. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. breo won't replace rescue inhalers for sudden copd
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symptoms and should not be use more than once a day. breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking breo. ask your doctor about b-r-e-o for copd. first prescription free at stuart: here we go. they're real halftime report. ed butowksi is here from dallas. liz macdonald is next to me. on gold, why is it down when ap confirmed shots have been fired, gunfire heard in ukraine? >> what you are asking is gold is a safe haven. gold is a safe haven from when governments acquired debt and print money to monetize the debt. it is not safety from an
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ineffectual president with no solid foreign policy strategy. that is not what it is a safety valve for. it is for more money supply is. why do you think it started at 450 in 2005 and is at 1300 now. that is what gold is a safe haven from. stuart: we understand. what about ed butowksi? does ukraine affect in any way the way you manage money? >> indefinitely does. ukraine itself doesn't the international events do. any time there is an international event any investor says how will that impact earnings and interest rates, the ukraine situation doesn't. as an investor is a non event at this moment. of the stars to escalate, to speak to the point about goals, inflationary pressures exist, deflationary arguments out there. they away from it and not paid to play gold. stuart: we are calling google,
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amazon and facebook the new big three like gm, ford and chrysler and want to bring everything through their internet. we call them the big three. >> they haven't been season around long enough, would qualify as google. google's cash is the size of the cash of canada. it is about the cash on the balance sheet and whether to drive your business forward. stuart: for retirement purposes would you buy one or all of the big three, amazon, facebook, google. >> in a retirement account for long-term investor, i would agree that google is far and away the more mature company, facebook, i would probably prefer to buy in a high-tech exchange traded fund instead of one of those. stuart: would you buy one or all of them? >> if it is a horserace, the
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prospect of trade out, google first, amazon second, facebook said. stuart: i want to look at netflix, that is one momentum stocks that is getting slammed today. how bad is it? >> it is down 13% trading down 5%. may just be a victim of the bears which is the momentum now. for all the markets, 44 million subscribers in 2013 expecting 50 million subscribers by 2015 but one of the things they are up against broadband delivery their peak time downstream traffic, and watching on stream, amazon doesn't come close. return on equity for shareholders, that is raising some concern, recovering
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short-term cash might be a problem. as for you, you can march the tally as long as you pay your tv attacks in england. stuart: you have news on netflix streaming speed. liz: estimates show by 50% ever since netflix struck the deal with comcast to get users die comcast system and not use the intermediary. netflix gets the direct connectivity, and slowing down to watch house of cards, that is an issue for companies like netflix. stuart: they have this connectivity but got to pay for it. streaming speed is up, netflix has to pay for that, that may be bad. stuart: that may be to continue to pay up for prime tv content. stuart: streaming speed is everything.
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that is it for the real halftime report and thank you very much for joining us today. a new congressional report raising some red flags about the cigarettes recommending some fairly tough regulation for the whole industry. could big government shut out this booming, currently building business? we have the story in a second, the dow is down 82. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still gonna give me a heart attack. that's health in numbers. unitedhealthcare.
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lou: senator harry reid's ties to chinese energy co. fueling speculation that the nevada ranch standoff is about more than the taurus. posts oversight judiciary member among our guests, please join us at 7:00 eastern. stuart: a quarter the congressional report concerns be cigarettes including the flavors of how they're marketed to young people underscores the need to regulate the industry. lauren simonetti has more. >> this support from democratic
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members of congress saying this the cigarette industry is huge and unregulated and if you look at reports, cancer out of the u.k. to help professionals about poisoning and children drinking the tea cigarette liquid numbers that through the roof, the industry is coming and regulators are saying maybe we need to treat them the way we treat tobacco. a warning label on them, restrict how they are marketed, and baseball games that kids go to. stuart: the key is how about taxes? they like -- the price goes through the roof, they only pay sales tax. >> that is less popular. stuart: thank you very much. police in compton, calif. are testing live google earth to watch crime as it happens. liz macdonald is here with a very good story. liz: this is a company called
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persistence surveillance systems, not public yet, watch out for this as a goes public, an air force veteran in ohio is tracking for six our time blocks but 25 square-mile patch of cities that sees high crime. every car that is stolen, and netflix snatched, every purse that is stolen or car hijacked or business that is robbed the, the surveillance technology you can rewind, sort of like surveillance with tivo. this is being test driven in baltimore and dayton as well. this is a story for the judge because what about privacy issues? stuart: i would guess so. if it works -- liz: their test driving and working on it and it seems to be working right now but they are saying privacy is not any issue because you can't use it to. to people's homes. we will see but this is the trend that will take hold across the country, crime-ridden cities using over 6 hour block
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surveillance. stuart: let me update the story on ukraine which hurt the markets, the white house net saying it will not provide legal assistance to ukraine. they are not -- ukraine you could say is pretty much on its own. no legal help from the united states. the market down 83 points because a peak and firms have the down -- gunfire has been heard in eastern ukraine. your take is next. ♪ [ cellphon beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors.
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>> 32 years ago when you've got the current company going, it was big. we, wasn't it? >> i was four years old. i don't have an answer to the question. stuart: you know you were exploiting the marijuana connection. >> a great family tradition
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there. stuart: you are a lawyer, i know you are a lawyer, aren't you? >> correct. a reformed attorney. stuart: i surprised our staff in the morning meeting when i said i knew of this mawi wawi. here's what you had to say about that interview. ball was very critical of me. the interview with the mawi wawi ceo was not good journalism. i usually love your show but you couldn't have been more insulting. what? you should see our morning meeting. was i insulting? >> that is good journalism to make a connection to a very popular term for pot, maui mowi. stuart: i am convinced he named his coffee chain because he wants the marijuana connection. >> it is a name for pot.
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it is a name that has been out there. i think it is good journalism to say maybe you were inspired by that. stuart: i wonder what portion of our viewers had heard about maui mowi as a string of marijuana. >> you did shock your production crew that you knew it. stuart: somebody of my age. >> not implying that at all. not going there. stuart: what are you doing tomorrow? we're almost out of time, i hate to say this, the dow is at its low of the day as we speak, up 97 points. that problem in ukraine, ap confirms heavy gunfire has been heard in eastern ukraine. when that was announced, down goes the market. we are off almost 100 points as we speak. that is it for me. now here is deirdre bolton. deirdre: welcome to "risk & reward," i am deirdre
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bolton. we are giving you alternative ways to invest your money beyond just stocks and bonds. we focus on new tech, real estate and even art. our top story today, twitter. it shows twitter is taking its data business seriously. early twitter investor will be joining us to talk about what he thinks of the strategy and how processing 500 million daily tweets may change. more ways to make money and better ways to keep it. ♪ deirdre: other headlines that we are tracking for you at this hour. google is expanding into reach into space, buying tighten. a solar power grown company. part of the strategy, beating facebook to new remote users first point of contact.


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