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tv   Varney Company  FOX Business  March 30, 2015 11:00am-1:01pm EDT

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amazing breaking news. ninety minutes into the trading session. it is time for varney and company. i will see you tomorrow. stuart: monday, march 30. no. we are keeping it. we changed our minds. there is also a development is home on this one. any deal is okayed by congress. indiana will clarify its religious freedom law. intense pressure from apple and other businesses forced this shift. stocks weigh up. this is a strong rally. china looks ready to print a whole lot of money.
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did you know the usda requires a license to either take a picture with one -- we are not joking. varney and company is about to begin. ♪ >> following a breaking story for you. authorities say a car tried to ram the gates in the facility. shots were fired. one person that. two others seriously injured. now, look at the big board please. monday morning. china prints. we have good news on the wages and salaries. wrap it all up.
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you have a 265-point gain for that dow jones industrials. the share price of unite health, that is an all time high. pharmacy benefit miniature catamaran. investors in united health love it. it is 121 as of now. the price of oil five below the $250 level. another million barrels of oil on the market fairly soon. oil out $48 a barrel. maybe i will get that gas price plunge after all. the "new york times" reports that iran has pulled back its earlier agreement. kt mcfarland is here. i am told that europe will make sure that his deal is done.
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president obama really wants the peacemaker legacy. >> i think that it will get done. it will be a really great deal. the soviet union did it to reagan. you think you have the deal. there are just a few more things we want to discuss. they want their legacy. just like you said. he will be more like chamberlain . >> i was remember those guys. seriously, there is a story this morning that senator schumer he signed on to the menendez bill
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which says, is surprising, you have to run any iran deal bias in congress. pretty sure they will have two do this. >> that absolutely is. >> the whole point is deal is have a deal with iran. we do not have a nuclear answer in the middle east. we are likely now to have a new rear arms race in the middle east. the other countries in the region look at that deal and they say it does not stop nuclear iran at all. there is no leverage. stuart: it looks like another mass. there will be all kinds of problems with that.
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>> a are looking to do business with iran. europe wants to do business with iran. china wants to do business with iran. that sanctions regime will fall like a cheap suit. it does not need to do with the united states. shiite versus sunni. stuart: nuclear weapons? >> several years down the road. the iranians will be perceived as getting nuclear weapons. all of a sudden, you have a 30
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year secretary of war in the middle east. stuart: not the way we wanted to start on day morning. fox news is now reporting that two men dressed as women were in the tax of a black suv. trying to ram the date. a guard got into an argument with the two men disguised as women. gunfire did. one person is dead. two people taken to the hospital where they are being treated for their injuries. this is a developing story. we are on it.
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indiana. a controversial law. the cbo's of apple. they are among the companies coming out against this law. here is what david long had to say. >> the same one that 30 other states have. does not discriminate against anyone. it is not the intent of the law to discriminate against anyone. to the extent that we will need to clarify to religious action that this law does not and will not be allowed to discriminate against anyone. stuart: adam schapiro has been following this for us. more than just a clarification. a statement that we will not discriminate against gays and
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lesbians. >> just yesterday on abc television said that they would not rewrite this law. >> we are not going to change the law. if the general assembly sent a bill that reiterates and amplifies and clarifies what the law really is and what it has been for last 20 years then i am open to that. >> the speaker of the house said they will change it so that they and lesbian citizens will not be denied. charles barkley saying discrimination in any form. reggie miller.
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he was play basketball there. he says i have always been about inclusion for all. this has been great pressure. then you have lawyers. these acts are just a shield. this is an overreaction. this one is much broader. >> i think that it is a retreat on the part of indiana. i think it resents the power of business and money. >> even eli lily. stuart: are they going to put that investment back on the table?
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>> for now it is just on hold. >> judge napolitano is with us. religious freedom. is it protect this? in the next hour, by the way father jonathan morris will be here. does he think religious freedom is protected? lots of other headlines to bring you. here is lauren simonetti. >> good monday morning. hoping to bring in a ton of money for obamacare. these taxes affect couples with a total income of more than $250,000. both were passed five years ago.
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another candidate for the gop in 2016. marco rubio. april 3 team. that location is sickness that can. refugees admitted to the u.s. and in boston, a hero called now fighting for his life. he had pulled over a car where gunshots have been heard. he will answer the question, do tensions in ferguson play a role? stuart: we talk a lot about changing tastes in america. dunkin brands saying it is looking into going into cage free egg.
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a germanic impact on the stock. we have details on copilot of the german wings flight. the "new york times" said he had been treated for suicidal tendencies. where do we draw the line on the personal details pilots have to reveal? an hbo documentary. we will show you some of the more popular operatives. do you remember this video? now, the dead hand of government is coming down. do you know you need a license to take a picture of these things? back in a moment. ♪
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>> we are monitoring that situation informed need. fox news now reports that two men dressed as women were in a black suv. a guard reportedly got into an argument with the two men. gunfire was erupted. two taken to the hospital. it grows more curious. we have the final four. complete now.
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duke stamping its ticket with a win over gonzaga. mission the louisville. my producers remember this. a seven seed money for last year. both games on saturday and indiana, by the way. the dow is up wall street. making a lot of noise about printing a lot more money. new video has emerged.
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treated years ago by suicidal tendon these. he kept this from his employees. >> every medical condition that may affect us. not to do so would be severe penalties. specifically who we saw and what purpose. >> the guy that sleuth that glider into the hudson river many years ago. >> welcome to the program. i just want to get something really clear here. you go to the doctor. you have to report that visit and why you went there? is that accurate?
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>> that is accurate. yes, it is. you are required to list all doctors appointments and filling out paperwork. that is correct. stuart: if you had gone to the doctor and that i am depressed we do which you have to tell the faa those feelings? >> absolutely. yes, you would. >> there are rules on the books that would have caught that copilot had he been operating in america. >> that is correct. do you not have some entitlement to privacy? >> i am not the individual that takes the rules. if you do not they can deny you
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the certificate. stuart: to using that there is any need to change? >> i think that that is question that will be addressed quite a bit here in the near future. >> what would you say? >> i was screened with psychological testing. now caught going forward the medical examiner that i had with it down and talk with us and ask us questions about how we were feeling. i would support that. that is a great idea.
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we need to find out if everyone is doing well. >> a lot of developments going on today. we do appreciate that. thank you. hbo's documentary on the church of scientology rant last night. hundreds. maybe even thousands of properties owned by the church. cheryl casone is here. ♪
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♪ ♪ stuart: one day after the hbo documentary about the practices of the church of scientology, we are getting an inside look at some of the real estate holdings of the church. cheryl casone is here. they've got a lot of money? >> they have a lot of money, and a lot of it they've been investing for the last 40 years in particular in property a lot of very valuable property. you know, this hbo document which, full disclosure, i have not seen yet, really goes and exposes the church. the business practices i have to say fascinating because they really, they have gone into like, a lot of big cities, l.a. in particular. they buy these buildings, refurbish them -- that is where
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they make a profit -- and they also want to be seen as part of the community. stuart: do they use their own church of scientology people to renovate? >> i would presume that they do. they don't trust anyone -- stuart: i've heard a billion dollars worth of assets, i've heard that number being bandied about. >> yeah, well, it's hard to find out -- stuart: what have they got? >> in the last 62 years they've bought -- excuse me, in the last five years between 2006 and 2011, they bought 62 properties and you're looking at some of it. that's, basically a february. cha -- french chateau -- that's in los angeles. that's where the tom cruises and the jada picket smith's and everybody else goes. again, i haven't watched the documentary. but they also have a 520-acre former casino resort east of l.a. out in the desert. they own places in san francisco, the old transamerica building, they have a hospital in l.a., and then they also have
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properties in -- steps from the white house in d.c. they go to major american cities and this is where, i'm assuming, they recruit. stuart: thanks so much, cheryl. up next, indiana lawmakers make some change to the very controversial religious freedom law. will that solve the conflict between discrimination and protecting businesses' religious rights? and we brought you the story about the epa taking on backyard barbecues. their next target, your wood-burning stove. we have yet another case of the dead hand of government regulation. watch out, here they come. ♪ ♪
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stuart: we're monitoring the situation at nsa headquarters, fort meade maryland, a law enforcement on a stretcher loaded into an ambulance. peter barnes live in our d.c. bureau with the latest. peter, what's this about two men dressed as women in a black suv ramming the nsa's gates?
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give me the story. >> reporter: yeah, very strange story, stuart, and we're waiting for more information from authorities on this and apparently, according to sources these two men in this black suv were dressed as women, as you say. they tried to ram the gate of the headquarters of the super secret spy agency in fort meade this morning. sources say a guard reportedly got into an argument with the two men as they tried to get into the facility gunfire erupted and it is believed that the guard shot one or both of the men. one person is dead, sources confirm two people taken to the hospital where they are being treated for their injuries stuart. stuart: peter, you may or may not know the answer to this question but a lot of people are intrigued. were the two men dressed as women in western clothes, or were they dressed in burkas, do you know? >> reporter: i do not know the answer to that, but we're digging into it, and as soon as we do, we'll get you that. stuart: peter, thank you very much indeed. check out the big board, you going to like this on a monday
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morning. the dow industrials up 266. you just heard a comment from the judge there, that's his way of entering the conversation before i actually introduce him. what did you say again? >> i said "wow." stuart: excellent, good comment. [laughter] wow, says the judge. now look at this look at oil. if we get a nuke deal with iran there's a possibility that the iranians will stick a million barrels of oil onto the world market so down goes the price of oil 50 cents lower at $48. now to indiana, they now say -- indiana -- they're going to clarify a controversial law to insure that gay and lesbian citizens will not be denied services. the judge is here. all right, judge the law as it stands now before it's clarified, what is the constitutional status of that law? >> it's probably unconstitutional. i say probably because no one has tested this very law. stuart: why? >> but a very similar statute enacted by congress in the 1990s was invalidated by the
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supreme court. now here's the theory. the supreme court has ruled consistency and for many years that a person cannot use a religious objection to avoid complying with a general law. so i can't justify the slaughter of animals in my backyard on the grounds that it's part of my religion. nor could i justify the refusal to serve people in my shop or my restaurant who are of a surgeon race because it's part of -- who are of a certain race because it's part of my religion. the same principle of law prevents a state legislature from saying you can choose not to serve gays, lesbians and transgenders because it's against your religion. the religious objection to otherwise complying with law is has been invalidated by the supreme court and that's why i think the statute would be invalidated. stuart: so now they say, okay, we're going to clarify this. we're going to say explicitly that you cannot discriminate against gays and lesbians because of this law. does that change the constitutional status of it?
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>> well, the law is so broadly worded that one could use a religious objection in indiana for refusal to comply with any other indiana or federal law. so i think the whole thing probably has to go. i don't know if this was written to target gays and he is beans. if it was, it is -- lesbians, if it was, it is clearly unconstitutional because the government cannot target a group without violating the 14th amendment, and i don't know what the purpose of the statute was since the supreme court's consistently ruled you can't use free exercise of religion to avoid obeying the law. stuart: i think i can tell you what the purpose of the statute maybe was and that is pure politics. that indiana and mike pence in particular, wanted to demonstrate their conservative bona fide -- >> you know, sometimes politicians vote for ratify and in governor pence's case sign into existence laws that they know are unconstitutional. because they are get street cred back home. see what we did? see what we voted for?
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those nine black-robed judges they're the ones who stopped it. they win-win. they win the with the voters back home and they don't have to worry about the cost of enforcing an unconstitutional law. stuart: but by mike pence, i think he louises. >> boy did he ever sign it in the worst possible week he's got colleges and universities all over the country saying we don't want our kids playing basketball in indiana. stuart: it reminds me of martin luther king day holiday arizona refused to accept it -- >> yes, and it cost them a fortune. stuart: vearnlgly, they backed off. business and money applied pressure. arizona backed off. i suspect there's something similar might be happening here in indiana. >> well, did you see the tim cook op-ed over the weekend, runs the biggest company in the world and he doesn't want to have anything to do with indiana until this is changed. you love that company, apple. stuart: i do? but i'm the one who invested in microsoft. >> oh, i forgot about that.
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truth stuart you did? >> i just wanted to get under your skin a little. stuart: well done judge. >> a pleasure. happy monday. >> thank you very much, sir. stuart: first it was backyard barbecues, hotel showers, now the government's going after wood stoves. national review's gillian melcher has written about it. i see are they going to take my wood stove off me? >> they're not going to take it away, but going forward the if you buy a new wood stove, w50d w50d -- wood heater it's going to have to comply with much stricter emission standards, and that's pretty sad because the market was doing a pretty good job of producing cleaner stuff. stuart: a lot of people may use these things. >> yeah. one in ten americans. stuart: have you seen the number of homes -- >> one in ten americans and i know this personally when i was back for christmas, you know, the heat went out, it was below zero, my family used a wood-burning stove. stuart: so are the new
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restrictions going to be draconian? you can't put any smoke out there even though you're burning wood? something like that? it's going to be pretty tricky to comply with, just the laboratory testing alone is going to be expensive and we've got to look at how much of an effect this is going to have and if you compare it with clean power plant laws regulations that are -- [inaudible] it's too late to measure, so this is a much more minor regulation. i think the impact's going to be be -- negligible. sue stuart why do you think they do this? because they can? >> they're such purists about environmental stuff. stuart: behavioral modification. >> it is. stuart: that roils the devil out of me. >> going after backyard barbecues as well many. >> yes. they're trying to study them and see if that's another place where they should get in and
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meddle. >> forget that cookout at stuart's house this summer. [laughter] stuart: america, i just love it. thanks so much indeed, gillian. i've got to move on to the fbi which now says the shooting at the nsa headquarters at fort meade does not appear to be related to terrorism. that just crossed the wire services. fox news says two men dressed as women were in a black suv that tried to ram the gate. a guard got into an argument with them gunfire erupted, it's believed the guard shot one or both of the men, one person is dead. two in the hospital with soars injuries. we'll unravel this for you as this goes on. a boston police officer fighting for his life after a gang banger shot him at a traffic stop. we're going to deal with this one after the break. ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world to actively uncover, discuss and
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debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. ♪ ♪ the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... from the smallest detail to the boldest leap. healthier means using wellness to keep away illness... knowing a prescription is way more than the pills... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. realizing cold hard data can inspire warmth and compassion...
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and that when technology meets expertise... everything is possible. for as long as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here. ♪ ♪ >> i'm nicole petallides with your fox business brief. up arrows across the board today. right now the dow jones industrial average up about 265 points, not too far off the day's highs, it's a gain of 1.5%. the s&p up 21 points the nasdaq up 41 points. we have seen a lot of winners, a look at some of the dow leaders including jpmorgan which had some positive comments in barron's over the weekend, up nearly 3%. unitedhealth moves to an all-time high today, right now 2.5%. boeing, goldman sachs, ibm among the other leaders.
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energy has been a great group leading the way among the west performers -- best performers. apache, baker hughes, phillips all with up arrows phillips up about 2.5%. and we're going to the continue to watch intel, the only dow component that has a down arrow right now as they are reportedly in talks for a deal. this could be a $10 billion deal, a big one.
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stuart: look at mcdonald's reportedly testing all day breakfast in some locations.
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all right, cheryl. >> interesting report because we can confirm sources are talking about this. offering breakfast 24 hours a day. who doesn't want to go into a mcdonald's and get an egg mcmust haven at 2 p.m -- mcmuffin at 2 p.m.? they've got a problem though and it's going to cost them more money, they may have to retrofit a lot of the restaurants because those burgers that can be made at 10:30 a.m. eastern those are going to be keeping the griddles busy. stuart: i see a lot of diners advertising breakfast served all day. i see that because breakfast food in fast places -- >> very popular. stuart: very, very popular. >> look at denny's jack in the box. there's not a lot left, but a lot of their breakfast items were served all day, and very popular all until 2:00 in the morning. stuart: mcdonald's is talking about it. >> they're considering it. stuart: it will cost them money to do it. >> mcdonald's has not been doing very well.
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the stock's been under pressure sales are down they're losing kind of that younger generation to the chipotles, but maybe the younger generation would come back to mcdonald's for an egg mcmuffin at 3:00 in the afternoon or 5:00 in the amp. stuart: the stock's at $98 a share. it's not that bad. >> let's remember, this is probably an american thing. stuart: i think so. [laughter] why are you saying that to me? i'm the all-american boy okay? >> you are. stuart: a boston police officer in stable condition now after a suspected gang banger shot him during a traffic stop. this is the same officer who was honored for his role in the aftermath of the boston marathon bombing. this shooting is renewing the debate over whether president obama attorney general holder and nbc news guy al sharpton stoked the anger towards police officers. joining us from las vegas, niger innecessary executive director of the tea organization. what do you say?
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>> i say there's no question. the bully pulpit matters. the symbolism and actions of this president going back to the cambridge massachusetts, incident within months of his inauguration all the way up to trayvon martin and, of course ferguson missouri and his -- ferguson, missouri and his attorney general, their symbolic gestures have set an environment where in 2014 the number of police shootings had gone up by 60% from the previous year, the number of police ambushing has gone up three times over from 2013 to 2014. i think there's no question that they have set a very negative environment for law enforcement. stuart: but is it true to say that if you were to poll the black community, that a majority would say that the police is an oppressive force and that they are anti-police? would that be true to say of a majority of african-americans? >> no. it would not be true to say that. but it would be true to say that
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that number has probably increased in the obama years. it would be true to say that a sizable plurality of black americans of african-americans would believe that to be the case. but forchute -- fortunately, i do not belief it's a majority. most americans, period know that law enforcement -- the police -- are those that protect society from chaos. stuart: is the hands up, don't shoot movement dead? >> unfortunately as long as in this administration remains in power and as long as you've got activists like al sharpton rewarded with television shows on nbc, as hong as you've got mayors -- as long as you've got mayors like de blasio and attorney generals like holder hands up, don't shoot is still very much alive even though the whole narrative was proven false. by the attorney general's office. stuart: true, indeed. what does your organization do to counter this racial polarization that we have in
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america today? >> well, as you know, we have a program called restore the dream and along -- me along with dr. al vista king, the niece of dr. king jr. went to figureson missouri to investigate that -- ferguson missouri, to investigate that decision months before the justice department came back with the conclusion that darren wilson was innocent, we concluded that that was the case and we almosted that the problem -- concluded that the problem between the police and the community, that was a legitimate concern. but the problem was that the law enforcement community had been turned into tax collectors. it had less to do with racism and more to do with cowardly politicians making police officers instead of enforcing murder, rape and violent crimes enforcing nuisance signs. stuart: from my own point of view, i see most americans on both sides of this racial divide wanting to come together in a more positive environment. i think there's a great yearning
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for racial hearing, am i way out of line on that one? >> no, stuart. not only are you not out of line, but the president of the united states was largely elected because the american people desperately on both sides on all sides wanted to turn the page on racial animosity. they wanted more healing they wanted us to come together as americans. our symbol is e pluribus unum and most americans want that and that is among this president's biggest failures in nistration. he's not only failed to bring us together he's actually added fuel to the fire. stuart: niger always a pleasure to have you on the show. thanks for coming back, we appreciate it. >> thank you stuart. stuart: how can you forget this video? lamas on the loose in the streets of phoenix. did you hear shep smith on fox news report on this? it was dynamite. well, now the long arm of the government is coming down on the
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animals' owners. you won't believe this. more after the break. >> they told us we had to have a license anytime they were exhibited a photo shoot or a petting zoo. >> why? >> um, i don't know. apparently it's a regulation through the united states department of agriculture.
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stuart: jpmorgan's stock taking a nice barron's bounce. now, why is that? the phil roosevelt is here to explain it all. you like morgan. you said so on your paper over the weekend, and it's up near 3%. what's so good about them? >> we do like the stock. we think people have overlooked some real achievements since the financial crisis began. they have paid huge legal fees, and there's been a lot of attention on that. all the big banks have paid big fees, and jpmorgan was very prominent in that. the group as a whole paid about $120 billion in fees so there's a reason to focus on that. it's a lot. stuart: but jpmorgan has been brought through this by jamie dimon. he's done a great job, you think. >> he absolutely has. he has quietly been building up key businesses to the point where they have really nice market share in credit cards investment banking, asset management wealth management. stuart: huh.
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and he's -- you told me during the break jamie dimon's the best banker in the world? >> i think he probably is. it takes a really great banker to run a place like this, to do it well. you could do it poorly, he's doing a great job. stuart: well congratulations, phil. you've got another barron's bounce. your track record is spectacularly good. 3% up on jp. fantastic stuff. thank you very much indeed, stir. i've got to change the subject totally. you know those louisiana -- llams loose on the streets last month? they are therapy llamas. they don't have the proper licenses. [laughter] listen to what they had to say on "fox & friends" this morning. >> people can't come to you now and take a photo with your llamsa unless you have a license to do so? >> that's what they told me. i printed off the booklet yesterday, and i've read through it as best i can. it's not written very clearly,
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it's very vague. i found anything that said anything about therapy llamas or photo shoots. stuart: cheryl, what is with this? >> this was in sun city in arizona, so the retirement homes, the llamas do personal appearances, this was their retirement plan, was to have these llamas kind of be the therapy llamas they are. yeah, they got a call after all of the breaking news. i'm sure they were watching it on fox, because it was great stuff. and they said you can't do any of this. now they're going to have to probably move all of the llamas 100 miles north of phoenix, and until they can sort this out they did one appearance on saturday at a race track in phoenix, and that's it. now she says she's been trying to call the u.s. department of agriculture. they won't pick up the phone. they won't answer their questions, and like she said -- stuart: i smell reversal. >> wait a minute where's this coming from, people? stuart: this won't stand.
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>> i mean, some bored u.s. department of agriculture agent said, oh, well, look, i mean they can't be doing this. stamp. of it's going to change. lou: i think so -- stuart: i think so. >> llama drama. [laughter] stuart: lawmakers in indiana say, yeah, they will clarify their new religious freedom law to make sure it does not discriminate against any group. next up, father jonathan morris. after this shift in indiana is religious freedom still protected? and the first female ceo of a fortune 500 company, she says she is 90% sure she is running for the presidency. is she a hired gun to attack hillary he asks? hey, girl. is it crazy that your soccer trophy is talking to you right now? it kinda is. it's as crazy as you not rolling over your old 401k. cue the horns... just harness the confidence it took you to win me and call td ameritrade's rollover consultants. they'll help with the hassle by guiding you through the whole process step by step.
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stuart: throughout the program we've been following a breaking story from fort meade maryland. nsa headquarters a car tried to ram the gates. shots fired. tom fitzgerald from fox's wttg in washington is on the scene.
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tom the fbi says this is not terror arism. give me the story. >> reporter: stuart, from are what we know right now from local law enforcement sources, this is being described as a local criminal incident. now, this is what happened. at about 9:00 this morning people were arriving for work here at the nsa, the national security agency. as you know, stuart it's located about 30 miles north of washington d.c. a ford escape, we are told from sources approached that gate and then tried to get through one of the vehicle barriers. an nsa police officer tried to intervene at that point shots rapping out. rang out. law enforcement sources are telling us that the two men in the car were dressed as women and that the two men -- one of them was shot fatally here at the nsa gate. now, in all we're told three people were treated at the p scene a law enforcement officer who was involved in this
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innocent and a 20-year-old man and a 44-year-old man. we have not yet received from nsa itself a breakdown of the situation of who, what and where on any of this, but we do know the nsa today is on a tight lockdown as law enforcement officials from both the fbi, the alcohol, tobacco and firearms and nsa police are here on the scene trying to get to the bottom of exactly what this was all about. furthermore, law enforcement officials tell us that a weapon and drugs were recovered in this ford escape this morning. we are hoping to get much more information on this when we receive a briefing on the media a little later on today. stuart, back to you. stuart: fascinating story developing. tom fitzgerald thank you very much indeed, sir. if you oppose gay marriage on religious grounds, should your business be allowed to refuse service to gay couples? can you say, no we're not going
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to bake your wedding cake, no, we're not going to take your wedding photos? should you be allowed to do that? that question is at the heart of the furious opposition to indiana's just-signed law on religious freedom. we're not going to take a position for or against the law, but the intense debate demonstrates where we are in the culture wars. first off, public opinion on gay rights has shifted very quickly. 60% of the population now supports gay marriage. any exclusion of gays is now regarded as discriminatory not acceptable to a plurality of voters. second, business has power in these culture debates. apple's tim cook today calls the indiana law dangerous, and angie's list is withdrawing an investment from the state. there is pressure on national organizations to boycott. third, indiana's governor mike pence is considered a possible republican presidential candidate, so he's attracting the has adult of the establishment media -- the hostility of the establishment media. the culture wars appear to be
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returning to presidential politics. that's why we have today's development. indiana's law will be clarified it will be amended so that any discrimination against gays and lesbians is outlawed. it appears to me that the system worked. there has been a compromise. this speaks to the power of business and the power of shifting public opinion. in a moment does this compromise dilute the freedom of religious organizations? here's what judge napolitano said in our last hour. >> the law is so broadly worded that one could use a religious objection in indiana for a refusal to comply with any other indiana or federal law. is so i think the whole thing probably has to go. i don't know if this was written to target gays and lesbians. if it was, it is clearly unconstitutional because the government cannot target a group without violating the 14th amendment. and i don't know what the purpose of the statute was since the supreme court has consistently ruled you can't use
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exercise of religion to avoid obeying the law. stuart: all right. father jonathan morris is here. father, we've got the initial law, now we've got the law that is going to be clarified and amended. after this amendment are the religious freedoms enjoyed by the people of indiana still in place? do they still have religious freedom? >> we'll see what those amendments are. we don't know what they are yet. but you mentioned the major shift this relationship, for example to gay marriage. this law was really tailored after the religious freedom restoration act that was passed by congress in 1993 with 97 senators and a unanimous vote by the house and actually pushed forward by chuck schumer okay? and then signed into law by bill clinton. stuart: right. >> now, that's what the indiana law basically looks like. now, of course that wasn't in 1993 about, focused on the gay
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marriage issue. now, of course, that is a whole new whole new thing. but the law itself looks very much like the federal religious freedom restoration act. stuart: okay. let's get in the clear now. if i'm in indiana and i'm running a health institution of some sort and i'm a practicing catholic and i do not believe in abortion, do i still have the right to refuse to give abortion pills to people who come to my health clinic for services? >> you should have that, you should have the right, and it's in question whether you do. another -- there are similar -- stuart: judge napolitano said you cannot do that on religious grounds, the supreme court won't let you. >> well, the law talks about a substantial burden upon your religious freedom can right? and that is, has to be, that has to be proven, that there's substantial burden. another example i think, that's very close to home is whether or not a gay couple, for example were to come to my church and
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say, hey, you're a nonprofit organization to, marry us. you're getting benefits from the state, marry us. now, would that put a substantial burden on my religious freedom? i would have to show that it does. stuart: okay. >> i would argue that it does. but that's what it comes down to, the government should not be able to coerce us right, into violating our religious freedom unless, of course, there is a compelling reason by the federal government that they must do so. so the issues down to -- come down to, for example baking a cake for a gay couple. stuart: right. >> okay should a company be allowed to -- a gay couple says i'd like to buy those cupcakes should that company be allowed to say, are you guys gay? absolutely not. no, they should not be allowed to do that. stuart: okay. >> another thing, of course, it's gradual is should i be forced if i'm a photographer to take the picture of the first kiss at a wedding? stuart: right. >> of a gay couple? that's a little bit closer.
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much closer still is the question of doing the marriage itself as an to officiant. does that make sense? these are questions that as culture changes and opinion on gay marriage changes, we have to get this clear. stuart: i'm reading between the lines, and it seems to me that you're saying at some point in the future you may have the government come to you and say marry this gay couple. >> yes. stuart: you're a catholic priest, marry them because you're a nonprofit organization, you're taking benefits from the government for this. we, the government say marry them. >> yes. so you're a catholic hospital, you must do an abortion. stuart: and this is going to happen? >> it's very, very close. stuart: what will the catholic church do? >> i think it's going to have to stay in this business without any government support. stuart: that's going to -- now that. you shouldn't save the pest for las is revolutionary. >> that's where we're heading. stuart: so you think the catholic church could lose its nonprofit status, its tax-relief status? >> it certainly could. i don't think it's a good thing because american history has shown over and over again that
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religion is actually a benefit for the society. and government is in the business of helping society organize itself for the common good of its people. and if we say churches are no longer part of that common good we're in big trouble. stuart: this is fascinating. you've got to come back and cuts can discuss this. >> i brought you something. stuart: and that is? just in case you didn't go to church yesterday. stuart i did, in fact. thank you very much, father. may i put it here? >> yes, just in case. stuart stoort check the big board, this is a nice way to start a monday morning, isn't it? look at that, up 267 points china, the central bank opening the doors to printing a whole lot of money. and we've got some pretty good economic numbers here, you add it all up, and we're approaching 8,000 again on -- 18,000 again on the dow jones industrials. to politics, looks like
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marco rubio has reserved the freedom tower in downtown miami for an undisclosed event april 13th. then we have carly fiorina, former ceo of hewlett-packard, she says her chances of running for president are high or than 90%. liz macdonald is here. i want to talk about carly fiorina, first of all. is there any chance she might be a hired gun hired by the republicans to attack hillary clinton? because 13 white male presidential candidates cannot attack hillary clinton. >> you know, that's a -- it's an interesting line of conversation that you just brought up that is being talked about with the gop power brokers. carlycarly fiorina is saying i have more tangible accomplishments than hillary clinton. i ran a big bureaucracy. i managed a big company. i made big decisions. i am the one that should lead to u.s. government -- the u.s. government, not hillary clinton.
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she is saying flying around the world is not an achievement. that's carly fiorina's dig at hillary clinton. stuart: she's going right after hillary clinton. not democrats in general, no, himself. >> yeah that's right. we've got an unusually crowded gop field, you're right. marco rubio rand paul, then we have jeb bush. jeb bush i'm hearing too, could be a ticket with scott walker. so that's the talk in the gop party, that jeb bush could run with scott walker as prime vice president. also hillary clinton it's being talked about, howard dean was talking abouted about as -- talked about now evan pine is a concern -- evan bayh is being talked about as well. stuart: and carly fiorina. >> that's right. or a cabinet position. stuart: indeed. that brings us to elizabeth warren, she says she is not interested in running for president, for the democratic leadership position in the
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senate. so what does she want? rich edson is with us, that's the obvious question rich what does ms. warren want? >> reporter: well ms. warren wants to pull the democratic party to the left. she's already the senate democrat's liaison to progressive groups. a hill report says she's lobbying to push back against giving president obama more horse to negotiate free trade agreements. in a speech she delivered last hour, she noted that credit card companies have lobbyists and lawmakers, republicans and democrats on their side. so it's clear her upcoming fight is with republicans and bank-friendly senators in her own party most notably one who's likely going to be the next caucus leader of the democrats, new york's chuck schumer. stuart: that's a fight i'm just longing to see. good stuff. rich, thank you very much. deadline for that deal with iran is looming. ambassador john bolton says negotiations will not work. we want to stop iran from getting the bomb, we need to drop our bombs first.
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he's a bomb thrower, and he's on the show 12:30 today. an article in the atlantic argues that government handouts like food stamps actually encourage entrepreneurship. steve moore will blow the doors off that one after the break.
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stuart: restoration hardware hitting an all-time high. earlier it was at 102. why did it go up so much? goldman sachs said buy it and they did. more of today's top stories lauren simonetti is here with the headlines in case you missed it. >> where you might already know this one, in case you missed it about half of the country not saving any money at all. asked hutch of your annual -- how much of your annual income are you saving each year? 44% said nothing or less than 5%. the recommendation is 15%. well changes are coming to late night tv. the daily show on comity central will get a new host to replace
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jon stewart. trevor noah, a 31-year-old comedian from south africa will take the top spot. noah was only on the daily show three times but he was pretty popular. and google and johnson & johnson teaming up to make robots to help doctors perform surgery. working with google's life sciences team to make advanced robotic tools to help surgeons. take a look at both stocks, j&j up one and a third percent. stuart: lauren, thank you very much, indeed. this from the atlantic suggesting welfare makes america more entrepreneurial. i'll give you the direct quote. it seems that expanding the availability of food stamps increased business formation by making itless risky for entrepreneurs to strike out on their open. tim my knowing that -- simply knowing that they could fall back on food stamps if their venture failed was enough to make them more likely to take risks. what do you think about that? [laughter] steve moore. >> i mean --
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stuart: i guess i can see the logic, but i just don't think it's reality. what say you? >> yeah. and drinking on the job makes you a better worker too. of i mean look, this is a pretty lunatic conclusion. it's pretty perverse. what we do know from the big expansion in welfare benefits stuart, back in 2009 and 2010 was it was it corresponded with a big reduction in the work force, and this were a number of academic studies that show that. anyone who argues that expanding, you know medicaid and food stamps and these other government welfare programs increases the ability for people to start jobs is i think, perverse. it actually makes no sense. stuart: i mean, the whole ball of wax is that you're hungry, so you go for it, you really go for it because you know that failure means hunger, and you've got a real problem on your hands. >> you know, the other thing that was striking about this study that i find so confusing is that one of the things we've seep in the data over the last
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three or four years is that actually the rate of entrepreneurship and the rate of small business start-ups has actually declined. so as the benefits of welfare have gone up, the rate of business creation has gone down. that's directly contrary to what this study shows. look i mean, let's get right to the cut right to the chase here. when you increase welfare benefits and pay people not to work, people will work less. it's that simple. this is not complicated economics here stuart. stuart: stoort yeah. and when you stick a bunch of regulations on them, thaw don't tend to start -- they don't tend to start new businesses, because it's very difficult. i want to move on to a couple of new taxes on high income earners that went into effect last year to help pay for obamacare. apparently, they brought in $23 billion, and they're being considered a success which poses the question is taxing the rich really working in the way we want it to work? i don't think it is. you tell me. >> well i have a piece had the "wall street journal" about this a few week ago which shows that
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when those taxes went up on capital gains on dividends on business investment just as, you know, we were just talking about, when you tax something you also get less of it. so business investment has also fallen just as we would expect. i don't see this as being a positive for the economy, i would make the case this has been a big negative for the economy. look if businesses are investing, they are not creating jobs. they're not expanding their operations. and if you tax it, you know, i never understood the logic of this by the way. why would you want to tax the one thing you want more of in the economy? the president runs around every week and talks about we need more investment. mr. president, why do you want to create more taxes on investment if you want more? stuart: because he wants more money. come on. >> one thing about this, i can't speak of these new numbers from this morning, but i've looked at the evidence for the last 35 years. we've had multiple increases and reductions in the capital gains tax, and the pattern hasly been
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when the -- has generally been when the capital gains tax goes up the rev hue knews go down -- revenues go down. that's one of the reasons i've been recommending cut the capital gains tax you'll get more businesses and money for the government. stuart: and that's one of the reasons why you're on the show every monday morning. [laughter] i've got to get back to that breaking news. the incident at nsa headquarters, fort meade, maryland, does not appear to be terrorism. they're saying this, quote: it's calling it a local incident. here's what happened. two men dressed as women tried to ram the gates at the nsa entrance. they were in a black suv. guards opened fire. one suspect killed, the other treated for serious injuries. an officer also treated for injuries. enagain, no evidence -- again no ed of terrorism, according to the finishing bi. that is the latest at what you're look at, fort meade, maryland. now this, a new tv network aimed at babies gaping
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popularity -- gaining popularity. personally, i don't see much wrong with this. my entire population crew disagree with me. what does melissa francis, mother of two young i boys, think of it? after this. ♪ ♪
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♪ ♪ stuart: will you look at this, please? it's a tv channel called baby first tv, programming aimed at children as young as six months. mother of two melissa francis joins us. [laughter] look, my positions are clear. i see nothing wrong with this. are you going to tell me that never in your history as a parent have you ever put a child in a car seat and had them look straight at sesame street on tv to keep them quiet and get them to sleep? >> in a car seat, what planet are you from? i can see you dumping your grandchildren in a little playpen with a tv, an ipad, a gun, i mean, you know. [laughter] stuart: stop it.
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ng here stuart? you're crazy. stuart: i don't see anything wrong with it. >> first of all they've tried this before, okay? there were videotapes that was the same concept where they said they were going to teach them to be smart and they would sit there and rattle on the television. somebody gave one of these to me when my kids were little it's nonsense. what you just saw, it's nonsense. stuart: it has nothing to do with teaching the children it's getting them quiet and to sleep. >> i appreciate what you're saying. when i wanted my son to do it, i would put him back in his crib with books and toys. >> haven't you ever put your children in front of a tv? >> absolutely. yes, i have. stuart: thank you. >> not at suggestion months old. at six months old they don't really focus -- stuart: what's the difference, 6 month, 18 months -- >> if they're 18 months, they can comprehend b something. they're trying to market to newborn babies which makes no sense. they say it's honesttive that's really for six-month-old
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children, the program is so incomprehensive to adults, they're not going to be watching -- >> aren't you worried about subliminal advertising like those crayons they just showed? they could be ice to pops -- ice pops, wouldn't you be worried about that? [laughter] >> stuart: no, i would not be worried. >> you're talking about co-viewing is what they're after when you have these programs that are for kids where they'll really trying to get adults to watch as well. you're not going to co-view because it's just too boring. the advertisers for which than, they say are companies like honest which is jessica alba's brand of baby stuff. you're not really going to be watching next to your child for something like this. so i think from a business perspective it's actually not a great idea. stuart: wrong on every count. [laughter] welcome to the show. >> thank you, stuart. stuart: when are you on today? >> 2 p.m. right here on fox business. stuart: will you be discussing your horrendous mistake? >> i'm going to be discussing
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your horrendous opinion on this, definitely. stuart: excellent. good stuff. now this, the deadline for nuclear negotiations with iran almost here. ambassador john bolton says diplomacy will not work. if we want to stop them getting a bomb we need to bomb them first. he's going to make his case in just a moment. >> that was great. stuart: and then there's this by the way, "strange inheritance" two episodes. jamie colby's hit show airs tonight, nine eastern, fox business network. she's going to talk to a family which inherited a fortune in classic tractors. i'm going the give you a preview. >> i wish we would have had even just a couple days to ask some questions that would have helped us make sure we made the decisions that were how he wished for them to be made. and, obviously, the more people involved, the harder that decision becomes. you'd have to know there were some bumpy roads that we traveled there.
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so visit us today for legal help you can count on. legalzoom. legal help is here. you can't predict the market. but at t. rowe price we've helped guide our clients through good times and bad. our experienced investment professionals are one reason over 85% of our mutual funds beat their 10-year lipper averages. so in a variety of markets we can help you feel confident. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence. stuart: pleased to see this on a monday morning. we are up to 6000. why is that? china may join the money
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printing brand. duncan using all cage free eggs by 2022. lumbar liquidators up. roi can't they consider putting money into the stock. justice department close to charging a florida eye doctor that is linked to bob menendez. the federal investigation on whether menendez gave him business advances. all right. tomorrow. that is the deadline. here is ambassador john bolton
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you to stop iran we bomb iran. that was a bombshell. >> iran will not be at negotiated. stuart: you favor bob them now. >> we have now been negotiating with iran through the europeans directly for 12 years. you know the definition of insanity is doing the same thing over and over again. they have a deal that will break that expansions.
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stuart: do you think it is worth going to war now? >> it is always a cost benefit analysis. the most likely output they get nuclear weapons. that is bad in and of itself. the onward proliferation. that is the world we would have if iran gets nuclear weapons. >> are you sure that they would wipe out the nuclear capacity? >> you need to break iran's control. the enrichment facilities.
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israel can do it. we would do a much better job. that should be accompanied with the opposition in iran. >> you are comfortable making that statement. >> i do not like being in this position. nobody should think these economic programs have spoke down. iran wants relief from sanctions. stuart: ambassador john bolton telling it how he sees it. thank you. back to that indiana religious freedom law. here is what apple's chief wrote
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in a article over the weekend. these bills rationalize injustice. pretending to detect something that we hold dear. let's bring in keith fitzgerald in portland. should the ceos take it on social issues? >> to think to think about here. whether to think a particular religious issue moral issue it is for the public to decide. had to cook him and said
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something, you can bet that apple would feel the effects today. stuart: a went public and said we defend traditional marriage. >> every ceo should stand for what he or she believes in. where do you draw the line this sort of thing? many religious pension funds do not want to own our call, tobacco funds. stuart: how about starbucks? was it a good move or a bad move in terms of the stock price?
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>> i think that the jury is still out on that. i think that the intent was good. this fallout has not been what he has wanted. >> you politicize investing. without question, i think you have to believe in something. you have to be a political. >> thank you very much. i have breaking news. major tesla product line will be unveiled at our hawthorne design
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studio on april 30. all right. check the share price. i said he is a master of type. he would not have earnings without the tech critics. >> he wants a market cap on a level of apple. i am not sure how he gets there. that is a real issue. the tweet comes along and says i have a big new product line. he only moves the stock 2%.
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maybe the skills will have some effect. >> it should be noted indeed. could new technologies prevent another plane crash like we saw last week in france? a new safety technology after this. ♪
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nicole: the dow jones industrial average up to hundred 80 points. jpmorgan up over 2%. we have seen financials doing well. big deal for healthcare. four ricin. a $1 billion deal. a big fail there for a merger. we are watching dreamworks. certainly under some pressure. only releasing two films a year.
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much more far the and company coming up. ♪
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stuart: look at tesla and. a major new product line. it is not a car. now this, could new technology present a plane crash? trying to develop a connected
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plane. it will somehow or another make these planes safer. >> hi. how are you? stuart: they provide wi-fi on a plane. they supply wi-fi to that plane so i can get my e-mail and send texts and messages. >> that is correct for today. they are going from the ground communication and now they are creating what is called a connect did plane. they will choose a satellite to have a constant connection with an aircraft. what is done with that will be the real debate. how much do you allow the ground
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to control that aircraft? how much data to allow out of that aircraft? who gets access to it and how do we really know? the world's strongest hanks what will stop a hacker from getting into an aircraft? stuart: let's go back to the outs. suddenly a rapid descent. if that plane had been wired by go go, you are telling me that maybe they could have stopped the descent. changed course. >> outrageous. yes is the answer. one is the ground can say airplane forget what the flight deck is telling you. number two is going around right
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now. people are talking about it. the aircraft itself, as it realizes through its own sensor technology that they are headed for a catastrophic outcome and the flight deck cannot resolve that. a commercial aircraft could decide to deploy a shoot or drive away from the danger, but deploy a shootout first deploy a parachute that 20% would be out the aircraft, so it down enough to wear a gigantic parachute pops out and the thing goes down. they could even guide the parachute at this point. the question is, who is going to pay for this? stuart: if a plane can be controlled in its entirety from the ground, who is to stop
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somebody from the ground hacking into that system. >> is it better or worse than what we have today? unlock the flight deck door. let's just take the lock off altogether. when there is an event i do not even think twice. i am out of my seat stopping whatever bad may be happening the. stuart: has this ever happened to you? >> yes. it was just a drunk five from russia. all of a sudden, i see heads turning behind me in the i/o. i am standing up before anything happens. i am committed to the idea that this is not coming forward
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effort. i just said no. i grabbed on both sides. he dodges it in the bathroom. he runs back in there. i say no again. he seems to have been taken care of by the crew. look at me. i am the hero, aren't i? i turned around and there is a man behind me, and other american that will just put up with this. he does, everything okay? [laughter] stuart: the man behind the 9/11 victim compensation fund. he says, hold on. not as clear-cut as you think you'd tonight 8:00 p.m. eastern fox business now.
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could the folio fibers actually be that sure we have been waiting for? doctor siegal is here after this. ♪ that make edward jones one of the biggest financial services firms in the country? or is it 13,000 financial advisors who take the time to say thank you? 'night jim. gonna be a while? i am liz got a little writing to do. ♪ it's why edward jones is the big company that doesn't act that way.
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the testing as a way to combat cancer. does this work doctor arthur siegel is here. they said that this is a potential piece of wonderful news on cancer. >> i started looking at the science. they are defendant phase one trials. they gave it to five patients and four of them have made a recovery. stuart: you can inject this. >> yes. cancer cells have receptors to polio virus. they are focusing on the idea
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that the cancer cells will pick up the polio virus. it would not kill normal human cells, but would only drive inside a cancer cell. the human immune system says, look there is a virus there. it worked incredibly in brain tumors by the way. you cannot remove them surgically. the polio virus targets him and then we get rid of the cancer. >> this battle going on all the time within our bodies. >> i believe that is the best way to describe it. in the past, we could not always tell that cancer was forwarded. now with these targeted
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hairpiece, we are finding ways to alert our of the youth system. stuart: this is a great way to start a monday morning. doctor marc siegel. thank you very much. we will have more varney for you after this. ♪ to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. ♪ help northern china reduce its reliance on
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coal fire heating plants and prevent 60 million tons of co2 emissions? when emerson takes up the challenge it's never been done before simply becomes consider it solved. emerson.
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>> china wants to do business with iran. the iranian economy will boom. and then, the yemen the civil war. it could potentially have nuclear weapons down the road. stuart: don't you hate to hear that. the whole purpose has been turned on its head. quickly, before we close the
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dow jones industrial average. only 8.7 something shy of 82,000. let me turn it over to adam shapiro. >> a smile on my face, if we did, stuart. the controversial role act. last minute changes. whether you are a loser or a hawk. makin unveils its latest concept car. luxury will never be the same. we will put you in the drivers seat. john stuart were placed on the daily show.


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