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tv   The Kudlow Report  CNBC  January 30, 2014 7:00pm-8:01pm EST

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facebook is inexpensive. always more. just here on "mad money," i am jim cramer and i will see you tomorrow. we begin tonight with great news for the economy. a solid gdp report this morning sent stocks surging today. you know what, good news is good news. do not listen to the naysayers. also, the republicans begin to tackle the issue of immigration. they've got a new set of guidelines that unveil today. get ready for a big internal brawl over this and we'll have a live debate on this show tonight. meanwhile, obamacare's wheels keep falling off. even the uninsured don't like the new law and laborers are complaining and jumping ship. all of those stories and much more coming up in "the kudlow report" beginning right now.
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♪ >> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern and 4:00 p.m. pacific. stocks had a good rebound today. s&p 500 rose 20. the u.s. economy about 3.2% in the fourth quarter. about 3.5% for the second half of the year. it's got some momentum. let's see if our guests have any momentum. let's get right to the big market panel. good news is good news. joining me, cnbc contributor dan greenhouse, global strategist. jeff killberg here in new york, kenny with the neil securities. i can't wait to get to him. and cnbc's own seema mody. seema, before i go to my pal for
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his throw away pessimistic card, can you tell me what happened today? >> clearly a lot of i htraders ready to buy the dip. it was one of the sectors hit hard by the recent selloff. second is better than expected earnings from the likes of facebook and google. within health care, it's pharmaceutical companies. on the flip side, the u.s. dollar continues to see the flight to safety. >> absolutely. >> so bullish. kenny, did i read that right? you heard seema, the dollar is surging. the economy is rising. profits are growing. now, i'm not timing this. >> right. >> i'm just saying this is good news and good news is good news. >> good news is good news.
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but listen, let's not forget, the market has had this great run, right? in anticipation of what this good news was going to be. and in fact now you're getting some good news but yet the market is not necessarily got this real strong conviction that it wants to move higher, right? so i think what you're going to see is the churning. i agree with you. the economy has to catch up with prices and i think that's what you're seeing now. we've been stuck in this very tight range and we're going to continue to be so until we work it through. >> this is great stuff. dan greenhouse, this is another thing i disagree with. i'm looking at today's close. s&p at 1794. i'm going to put $120 a share as earnings for the next 12 months. that gives me a multiple of 15 times. that gives me a forward earnings deal of 6.7% compared to a bond that's only 5% vaa. i think the valuations are great. i think the improvement in the
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economy comes as a bit of surprise. people were losing faith in that. what's your take on this? should we all just z out now and wait for it to happen? >> far be it for me to agree with any other guests that i'm on with. but with respect to evaluation, i think you're somewhat right. i think clearly our view is that stocks are not super unattractive but then neither are they super attractive. it corrected what we thought was a somewhat attractive market. the question, again, going forward is not whether stocks are attractive. they can go down when they are and can go up when they are not. the question is, what are the fundamental drivers going forward and to kenny's point we've gotten good news and i'd like to see more good news, which is ultimately higher prices. >> jeff, we're getting better news. i agree, we have to see the jobs and the jobs numbers are going to surprise on the upside when they come out because last month's jobs numbers were
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flukey. what's your take on this story? >> your optimism is infectious. >> he's a great american. but listen to him. you know, my dog just had a birthday today. >> let's be cautious going into the jobless claims. they uptick a little bit. technically we saw this momentum that seema was talking about. i think now we have a technical resistance in the s & p, about 1805 and then it's a sigh of relief. it was very encouraging to see. >> i want you two to go at it. you went to notre dame. you played football. you've got some real backbone and playing power. i want you to show mr. paul
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carey what you're made of. >> you know, you probably had some sick customers but i think you have to realize, yes, a pull back here is 4%. a lot of folks were talking about 4, 5%. but to your defense, i can't believe i'm making the argument for you, we're seeing the s&p down 3%. up 26%. so people are still leery and kenny, you're wrong. there you go. >> listen, i don't suspect that you're going to have this crash. i'm not calling for a 10 or 15% crash. not at all. i think 5 or 8%. if we test at 1765-ish, because we've tested it two or three times in the last week, it's a very good sign. it's going to give a place for stocks to churn a little bit. >> 1765 is the old multi-year all-time high. >> we've talked about tech before. is that the buzz now? >> tech is posting one of the highest earnings growth rates
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for this quarter. so, yes. but i think the emerging market story is in focus, especially the impact that the volatility in the emerging market will have on multinationals. >> i totally agree with that. >> especially with a stronger dollar. you have to think about how it makes these company's products and services less competitive overseas. >> but also let's remember real quick that to the extent that this remains contained, the em story, that is, this is ultimately going to be a blip in the radar. if this doesn't spread to china, russia, to brazil, then this is a couple of peripheral -- >> i think we see how susceptible the market was to the em stories. >> we sold off 4%. >> this is the achilles heel to my optimism. brazil is a mess. they don't know what the h lech ell to do. turkey is imploding before our
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eyes. now, this is -- i admit, it's the achilles heel. inflation problems and that spells emerging market recession, dan greenhaus. this is the part that bothers me the most. >> larry, let me ask you, what percentage of the s&p 500 profits are generated in turkey? >> well, i don't know. >> i don't either but the answer is very little. >> there's contagion going on in the emerging markets and you have to aggravate this. half of the profits come from overseas. i know europe is a bigger krcch but i'm going to say not less than 10%. particularly in a commodity boom, which we don't have right now. people pick up the paper, whether it's "the wall street journal" and realize and these countries are not doing well. they are moving away from market capitalism. that's what bothers me, dan.
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on that point and only that point i will acknowledge an agreement with ken polocari. >> let me quickly, before jeff jumps in, make a jim cramer point. jim's been on tv for the last two or three days making a really important point, which is that we've had problems in turkey before. we've had problems in venezuela before. the philippines, thailand, russia. and ultimately when push comes to shove, to the extent that this does not impact earnings for the u.s. economy, the ultimate path for stocks should be higher. >> if it passes, you're absolutely right. go ahead, ken. >> it will pass. but think about this. we're having all of these problems and at the same time that the fed is starting to what is going to happen in the short term. what are the concerns and headwinds and as seema said it and as we've all said it, the emerging market story can it be that contagion?
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>> i want to talk about this subject, about the fed, and they are buying fewer bonds. the qe is going to be done by the summer or early autumn. >> the end of the year. >> the end of the year. fine. handwriting is on the wall. here's my point, and i want everybody to jump in. there is so much bloody money around. there's so many excess reserves laying idle at the federal reserve. they get a 25 basis point. that a small tapering -- there's 2.4 trillion excess reserve. monthly withdraws, they are not even withdraws. they are cutbacks. they can't possibly affect the liquidity. it doesn't get affected until the fed starts selling bonds and raising the fed funds. >> that's right. >> that's got to be a ways away. >> i'm not worried about that. it's about the perception that happens to emerging markets. i think it was the president of turkey today turned around and
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made the comment about what do you mean the fed is not worried about the emerging markets? they were happy when they were cutting rates and bumping all of the money and all of the money went to the emerging markets and now they've got to pull out. so they are themselves getting nervous. >> seema, ken is backing off already. >> it's interest rates that really scares the streets and that's why there is that negative perception when it comes to -- >> rates from the small -- the emerging countries? >> or even our rates rising here in the u.s. >> really? >> and the effect of tapering taking place. >> hang on a second. all right. good point. what if median and long-term environment -- i think right now the u.s. bond market is way too expensive. the ten-year treasury at 270 is way over valued. the thing should go back to 3. the economy is decent and it's on its way to 4%. this is an important point. i would be a seller of bonds and a seller of emerging markets.
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>> larry, i love you but i want to push back. >> push back. >> the fed, in theory, thought if they began a taper what is going to happen? the asset class that they pumped up, equities will come back and force people to naturally buy treasuries because they have been the biggest buyer of treasuries. >> bingo. >> so this has been a wonderful proof in the pudding so they are tinkled pink right now. >> nothing to do with it. >> they are not losing the long end of the curve. >> exactly. they never had the long end of the curve. i'm going to challenge. look, the economy has the long end of the curve. >> that's correct. >> that is the deal. the federal reserve is a not so innocent bystander. what i'm saying to you is this. i'm go to dan greenhaus, mr. famous economist. if in fact the economy continues to grow above 3% and you've got
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about a 1.5 inflation rate, so let's call that 4.5% money gdp, that's when your tenure has gone. it's gone to 4, 4.5%. whether the fed likes it or not, the market is going to take it there. this is a little respite. this is a respite. you want to get out of the bonds, sell them right now. >> listen, in a perfect world i totally agree with you and generally speaking i totally agree with you. the one hiccup in that is that we're not in a normalized environment. the threat is not returning to higher growth, higher inflation but the inflation upon the completion of the fed's qe program will take hold again and interest rates are down, not up. i don't agree with that, but -- >> no. totally wrong. ken polcari, when are you going to buy? last word?
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>> i would buy down the weakness. i think it's coming. >> jeff, what would you buy? >> i'm waiting for the treasuries to be range bound but i think we're buying at 1730. >> a little more pessimistic. >> i am. there's volatility. the vix ended up uneven. that's a sign. >> i did my best, folks. >> dan greenhaus, ken polcari, seema mody, jeff kilburg will join us later. look at this mess because of two inches of snow. everybody is blaming the city because of the total lack of preparation. we'll go to hot lan ta next. and barber is working with a group but my friend opposes that. they will both make their case. as always, don't forget,
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free market capitalism is the best path to prosperity. i think immigration reform would add to the gdp and probably create a thousand new businesses in this country. i'm kudlow. we'll be right back. [ tires screech ]
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to normal after a surprise snow caused huge traffic jams, left people stranded for hours. nbc news tom costello is live for us. good evening, tom. >> reporter: hey, larry, they've been playing your theme song down here, ice, ice baby. we had 2,000 abandoned cars all over the city. as you know, tuesday night into wednesday we had tens of thousands of motorists stuck on the neighboring streets and highways. buses picked them up and parents couldn't get to them either. and there is a thin layer of ice. today it was -- the focus was on what city and state officials did or did not do. and in particular, the governor today made a deal essentially
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said he delivered a mea culpa. he apologized and said the buck stops here with me. the state did not prepare adequately. saying that they had given them ee re erroneous information. again they were warned at 3:30 in the morning for atlanta, what we learned today was that the governor either didn't notice or pay it attention, wasn't listening to any of those warnings until ten hours after the first one went out and his emergency operations manager and he were asleep on early tuesday morning as the warnings were growing more and more dire. so today the question was, why did this government plan to fail, so far behind the eight ball and then take so long to
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recover. they promised that they were going to do things better next time but made the same promises three years ago after the ice storm of 2011 and a lot of people here don't believe them anymore. back to you. >> who are the local papers blaming? what are the editorial pages saying? what is the constitution saying? >> there is an editorial in the journal constitution which has a picture of or a cartoon of both the mayor and governor making snow angels in the snow. essentially accusing both of them of being totally distracted and out of it and not paying attention to the needs of the constituents. >> great report. tom costello, nbc news, thank you ever so much. now, seema mody is going to join us. she's got the latest profit reports from google and amazon. remember, the report from facebook helped turn this whole market around. is there going to be more good news this evening? seema, next up on kudlow. this was the hardest decision i've ever had to make.
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seem ma muscular dystrophy dee has the results from amazon. >> it's down 5% after hours. earnings coming in at 51 cents a share. that's a big miss. 15 shorts short of estimates. higher than last year but amazon sales guidance also
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disappointing the street. now let's move on to google. the consensus estimate was $12.20. sales of nearly 17 billion came ahead of the estimate despite a drop in online ads. shares for google are up rebounding right when the numbers came out. larry? >> the obvious question for me is why. you said drop when they came out because they were sure and then bounce back? has anybody got a theory? >> we're still getting a read-through from the conference. we'll get the answer. >> maybe there's information that is very positive. >> yes, absolutely. >> seema mody, thank you. we have former governor mississippi haley barbour and bill crystal who thinks that republicans should steer clear. they are going to go at it next on "the kudlow report."
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nwas the most watchedage otelevision event ever.s so, what's next? the upcoming winter games from sochi. where every second of nbc universal's coverage will be available on every device. on tv, online or streaming on the nbc sports live extra app. beginning february 6th, experience the winter games everywhere. welcome to what's next. comcast nbcuniversal first up, president obama called for reform during the state of the union address and republicans are at the gop retreat including things like
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border security measures, entry exit and path to legal status. >> if we go back to the day after the 2012 election, i said it's time for the congress and the president to deal with this very important issue. it's been -- this problem has been around for at least the last 15 years and it's been turned into a political football. i think it's unfair. so i think it's time to deal with it. but how we deal with it is going to be critically important. >> all right. how we deal with it. but while speaker boehner says now is the time to tackle immigration policy, not all republicans agree this critical election year is the time to take it on. so let's talk. great friend, bill crystal, founder and editor of "the weekly standard" and haley barbour, former governor from mississippi and head of the
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republican national committee. i heard that you're against immigration reform. i was stunned at this news. you, a pro growth reagan guy who understands the beauty of coalition. i was absolutely stunned. more than that, i was wounded. so i must begin with you. why are you opposed to this? >> i know it's a shock, larry. it's hard opposing you and haley and mike bloomberg and murdoch and long-term unemployment. i'm not against immigration reform. i'm against the house moving with immigration reform this year in 2014 with a bad senate bill sitting there ready to sabotage or i think the house members in conference. i think you'll get a much better bill next year as republican house and senate. >> haley, i think there's some
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wisdom there in what he's saying. certainly there's pro growth but the low hanging fruit. i call it the brainian visas. let's let those stay here and work, the electrical engineers, let's let them do that. let's let the kids of the undocumented families stay here and go to what schools they want to go to. to me, that would be reach out. it would also be very pro growth in the american economy. >> well, you know, bill, i am in favor of immigration reform as a matter of policy. you've mentioned some of the things that are just so obvious. i don't know why anybody would be against them. and i think boehner and the republicans in the house are wise that they are going to take immigration reform up, not as one bill but as a number of bills and they outline the sum and substance of that package. two things jump out. first, it's far better than the senate bill.
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the senate bill spent a lot of money on board security and says if it doesn't work we'll have a commission. the house bill says we're going to secure the border and that's going to trigger some of the reforms. and i think that is a very important thing. the american people -- look, i was in the ronald reagan white house of 1986 when we passed the last immigration reform bill. they said we're going to secure the border and we didn't. and this time they need to know for certain we're going to secure the border. the other thing is, while oim comfortable with a path to citizenship if the requirements are rigorous and stringent enough, the house bill doesn't do that. it provides legalization of people that are here. then we'll secure the border and then we'll decide where to go from there as i read the blueprint. >> wait. look.
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haley says we'll secure the border. i think if the house were the only body in congress i would certainly support it. the fact is they are not going to end up with the bill and voters and senate democrats, and then president obama gets to enforce the bill. i.e., he gets to enforce the part of the bill that he doesn't like. i say, let's wait. as speaker boehner says it's been a problem. it's such an obvious thing. we need electrical engineers, by the way. only 58% of americans are working in this country. most of them are retiring or they have left the labor force altogether. we're going to need some people at the lower wages. putting that aside, according to ryan, according to paul ryan, who was on tv yesterday, he really picked up on haley's
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point. you're not going to get any legality regarding these undocumented workers unless you can prove beyond a doubt that the border has been secured. >> it's not the case. >> the two are tied together. >> they are not. they get legalized immediately and then what the house republicans rid diiculously are suggesting, i'm against that. it's unfair to em poo. you tell them they are legalized and then they lose their legal status. again, they are jumping through hoops and twisting themselves into contorted knots to get something. why go through all of this? just wait a year. worst case, wait three years and get real good immigration reform. >> go ahead, hcaley. >> the reason is, the worst thing that we could have is the status quo and the american people --
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>> i don't agree with that. >> the american people want to make sure that the border is secure and that we enforce our visas. remember, 40% of people here illegally didn't enter illegally across the border. they came on a visa and overstayed it. so we can't do that and there's no reason not to and you're not going to get that passed. we're not going to send them home. so i think there is a misreading here of what the house blueprint says. i don't think they are going to say we're going to legalize people and bring them out of the shadows and then if the border doesn't get secure we're going to take that away. i think what they are saying is, if the border is insecure after a number of years, we're not going any further. we're not going to let people get green cards after ten years, which, of course, is what the senate bill says. >> so people start to walk out of the shadows and then someone
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in the white house says, stop, you can't move further anymore because the democrats aren't doing their job and it's just i am practical. >> i think you misunderstood what i said. they would let people be legalized but won't go further than that until the border is secure. >> let me ask bill kristol an important question, a political question. there is an argument that the immigrants are to the left, that they are welfarists, that he this like big government, that they like obamacare, that polls show they will vote heavily democratic. now, is that part of your calculation? do you buy into that political logic? >> no, because haley is right. none of the bills make citizens from ten years. i buy into the logic that you can't get a good deal with the democratic president. you can't trust the president to enforce the bill. you can do a much better bill three years from now. i think there's a serious argument with high unemployment, high long-term unemployment.
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this bill increases legalization. it doubles it. is that a wise thing to do at this point? >> well, i think it is when you consider that 70% of the agricultural workers in california are illegal immigrants. i mean, that's why they are raising some numbers here to try to get us in balance. but i do want to say something political. i don't think the reason to do this is political. but if the republicans pass a bill out of the house that secures the borders and makes people sign something that they came into the country illegally, paid a fine and go on and on with the other things that they will have to do, learn english and whatever, i think people on our side will say, i like that. that's what we ought to do and all of a sudden the democrats are saying, we're not going to consider it if they don't have a path to citizenship. i think most people are here
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illegally and don't care about being citizens. they want to get out of the shadows. >> i'm here legally. i'm completely documented. bill kristol, haley barbour, please, don't forget the braniac aspect of this. the students that go to good colleges want to stay here. let them stay here. gentlemen, thank you much appreciate it. folks, the wheels keep coming off for obamacare. the labor unions that fought so hard to get the law passed are lashing out at the white house. now even the uninsured are starting to sour on the whole thing. dr. scott gottlieb joins us next to explain this bizarre situation. honestly, i'm a little old fashioned. i love chalk and erasers. but change is coming. all my students have the brand new surface.
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[ male announcer ] a car that is able to see, to calculate, to think -- and can respond to what it encounters. ♪ even if that means completely stopping itself. it's the stuff of science fiction... minus the fiction. the 2014 e-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. more than 9 million americans have signed up for medicaid coverage. 9 million. >> more americans are signing up signing up for coverage every day. 3 million people have signed up. >> all right. president obama really said precious little about obamacare last night. undoubtedly because it's so
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unpopular. in fangt, a new poll shows that even the uninsured don't like obama dlds care and now we've got the labor unions whining and belly aching that they are not getting enough regulatory favorites. we're going to clear off this, dr. scott gottlieb. were the president's numbers krkt last night? >> they are not. he talked about 6 million people getting medicaid as a result of medicaid. 1.5 to 2.5 have been added by natural expansion of the program. as a starting point, it's at best 4 million people that have gotten it as a result of obamacare. >> so he's padding it. >> he has not been up front. >> you're kidding me. okay. what surprised me was this poll,
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47% of the uninsured don't like obamacare. only 24% like it. now, that is -- it's aimed at the uninsured. why is this? >> the fact is, it's expansive. it's not that attractive. people haven't seen the plans and the reality is by the administration's own numbers, more than 50 million people have logged on and have seempb will seen the prices. for them to not know about the subsidies, they know what it costs. are some of these people shopping around and they don't like what they are seeing? >> they are middle class families that can afford to pay the higher prices. the folks that are uninsured are
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uninsured because it's not attractive for them to go out and buy insurance given the cost of the suffer rage because they are young people and otherwise healthy. they go and look at obamacare, it's still costly. >> you walk me through. i guess they have these self-insurance but they are supposed to pay a tax. if i'm not mistaken, they pay a cadillac tax and reinsurance tax and they are not getting a break -- i guess they get a break this year but not in 2015 and 2016 and they are very up in arms about this. why are they belly aching? they loved it and supported it? they campaigned for this. >> i think what they are worried about is the businesses dumping people into the exchanges and stopping coverage. it's going to make sense for the employer to stop offering coverage. what they really want is these
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plans. that's what they are talking about. they are worried about the tax on the plans and $70 per person fee that they have been exempted from for the time being. what they really want is federal subsidies to subsidizing as far as tax emt. >> that's right. do they have a -- will they get it? let me clear this up. did they get an exception for this year, for 2014? >> yes. >> a unilateral move? >> for that $70 per person fee, they are not going to be hit with that. >> but they will in 2016? >> yes. >> and that's what got the labor union pissed off? >> i think they were pushing to get subsidies and the legislation could not be unilaterally. >> the president doesn't believe in legislation, does he?
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>> last one, we had senator senator burr on. what do you make of it? it's a gop alternative to obamacare. what's your take on it? >> it turns over to the regulation of the health insurance plans and it's so unafrac tif that really no one wants to buy it. it gives people an incentive to get into the insurance market and a tax penalty enforcement and they continue to not be rerated. there is a transition problem. some people can't afford to stay in the market if they, for example, lose their job and the bill provides subsidies. >> sam burr told me that the bill does provide for sick people. one of my arguments, just going back many, many months, is the public does not yet trust the republican party to take care of
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pre-existing continues. i.e., sick people. in your opinion, senator said they will as long as they are in the same plan. is that true and is that sufficient? >> they provide subsidies for people who are difficult to insure because of pre-existing conditions. they offer money for folks that are difficult to insure. >> if you're not in an insurance plan but get sick, can you get into one under the burr/coburn plan? >> if you dropped out of the market and try to get back into the market, you can get rerated by the insurance company. this is an incentive to get into the market. there's arguments whether you think it's sufficient for some people but do subsidize people, people who may lose a job and drop coverage, you'll satisfy you'll get a subsidy. >> senator burr said to me, do you eliminate the bailout provision, the so-called bailout
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provision for insurance companies in they said they did. is that true? >> yes. >> so it's tough. it's got republican markings. >> transactions have to work to stay in business. >> do you like? >> there's a lot of good things in there. >> you do? >> yes. >> we'll leave it there. dr. scott gottlieb, thank you very much, as always. cnbc marking its 25th anniversary by asking you to chose the 25 most important business people of the last 25 years. tonight, i'm going to focus on a nominee who truly changed the media business. that's next up. and remember, you can vote for your top 25 right now at cnbc.com/25. we're going to be right back with my nominee and my pal to help me talk about it. [ male announcer ] legalzoom has helped start over 1 million businesses.
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welcome back. i'm seema mody with this news alert. the justice department will seek the death penalty against boston marathon bomber dzhokar. the next hearing is in two weeks. larry, on a totally different note, i want to give you an update on shares of google and why they have turned around in after hours trades. it's called revenue and the internet business rose 22% and online ads grew 31% year over
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year. that was higher than what the street was forecasting. there you have it. >> that's huge. that's really huge. >> ad revenue growth. >> so the ad business is pretty darn good for google. >> exactly. >> i'm no tech expert. that tells me something good is happening in the economy. ad business everywhere, it's one of the first to go down and one of the first to pop up. so people -- >> more people are clicking on ads and purchases goods. >> right. >> thank you, seem ma. appreciate it very, very much. now, folks, cnbc is narrowing down a list of 200 to find the top 25 influential business leaders of the past 25 years. for myself this evening, i want to nominate roger ales. it changed the whole media business. starting with roger ailes, he's a transformational leader and
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best known for his work at fox newschannel. also, he was early president of this fet had work cnbc. mr. ailes has broken the dominance of the mainstream media which always tilts left and is always unapologetic when he ruffles anybody's feathers. all right. let's bring in mark, wor radio show, talk show host radio personality. mark, i think that among the many obvious pluses here -- and by the way, he did good things for cnbc and that's why he's on our list, i suppose. he really said to the mainstream media, even your straight news guys have a left-wing bias and my straight news guys tell both sides of the story and i believe that's one of the reasons that he's kicked butt. what's your take? >> definitely. we always thought that we were
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getting balanced news and walter cronkite, once he got out of the anchor chair and heard him speak in interviews, he was far to the left and before ailes, where would you see a conservative voice on tv? really only two places. a couple of minutes sunday morning on the brinkley show but that was it. ailes changed everything. one of his main strategies, i remember him saying this, when you're on nationally, when you're across the country, the battle is won in the central time zone. you've got to appeal to the heart zone. that's one reason why cnbc will never catch them. it's very inside the beltway or elitist. he was a blue collar guy. he was a nothing from ohio. there's a picture of him with his lunch box at the factory and to remember who he is and talk to those people directly. >> basically, as far as i can tell, he's got opinion guys at
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night, opinion guys and ladies at night and he's got good news reporters all during the day. some of whom do appear in the evening. but the thing about the news reporters, they will cover the conservative beat and the liberal beat. i've seen it. you've probably seen it, too. i dare say, many of the mainstream media networks news reporters will only cover the left side of the street. and i think that's where ailes has just slammed them again and again. >> yeah. and he's always careful whoever the host is, there are plenty of good liberal guests. james carville and others. let me just mention something else about ailes. he in many ways changed the direction of the country. he was a great political consultant. richard nixon would not have won in '68 had it not been for ailes and reagan may not have won that second term. he was called in an emergency call to straighten things out for the second debate and who
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knows if george h.w. bush, although he had the greatest resume, would have gotten elected without ailes. >> now, roger, as far as i know, is not really in the political game anymore. is that fair? >> no. he's out of it. but as a television guy, there's nobody with more experience. how many -- he was the producer of the mike douglas show. this was like having experience. he was at one time a manager of comedians. how many people do you know handled comedians and handled presidents? nobody has the range that ailes has. >> the other thing that is so interesting, sometimes the mainstream media, the executives that dodge around and don't give you a straight answer. so far as i know in his history, somebody comes out and attacks roger ailes, he's going to attack way back and wastes no time. he does a lot to protect his own people on the programs. is that fair? he's just an attack dog if he has to be. >> well, again, he comes from a
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political world and that's why he's so great at that. but -- and he knows that the fight is entertaining. often on msnbc, nice as some of those shows are, there's not enough fight there. ailes knows the fight, the debate. it makes for excitement. >> you know, i just want to say, we're cnbc and i love it at this network, we always have on this program, we always have liberals versus conservatives. maybe not every single segment but many, many segments we always try to do that to be fair and balanced and i think that's true really pretty much for the whole network. people may criticize one thing or another but the liberal point of view is represented and the conservative point of view is represented. i don't know if roger ailes started that or not but i think it's a good way to do journalism and i think that ailes has carried that out. >> and it would be interesting if he quit and went over to msnbc, they would be clobbering fox because of the resilience of ailes. >> i wonder what the odds of
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that are? >> i don't think it's going to happen. >> you don't? really? >> no. but he's a genius. there will never be another guy like him. >> i think you're right about that. mark simone, thanks. that's it for our show. watch tomorrow, wisconsin governor scott walker is going to be our guest. he just slashed taxes in wisconsin. he's on larry kudlow tomorrow night. want it ... until boom, it's bedtime! d your mattress a battleground of thwarted desire. enter the sleep number bed. designed to let couples sleep together in individualized comfort. he's a softy. his sleep number setting is 35. you're the rock, at 60. and as your needs change over time you can adjust your bed to sleep better together. 48-month financing available through february 2 only at your local sleep number store. find your sleep number setting and know better sleep. [ chainsaw whirring ]
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>> in this episode of "american greed," a disgraced dentist... >> i can't believe that someone could be that sick. it's just disgusting. >> ...carves out a gruesome new business. >> one of the sickest crimes that has ever been committed. >> they took his bones, arms, legs. >> michael mastromarino's greed goes beyond the grave. >> a million-dollar business. multimillion-dollar business. money was too good. greed essentially took over. >> i first heard about mastromarino and his operation in a bar. and i called that pocket a

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