tv Cavuto on Business FOX Business March 3, 2013 1:30am-2:00am EST
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>> predictions. gary b? >> brenda, i think that gas prices are going up, regardless of the keystone pipeline. the way to play it is exxon, almost a no-brainer in this environment. up 40% by 2014. >> brenda: okay. scott, you think this is a no-brainer or not? are you a bull or a bear? >> i'm a bear on that one. i like the sector, brenda, but there's other pipelines and other transports as far as oil goes, a higher dividend. >> brenda: what gives you the best return and your prediction, scott? >> went crazy this week, got the sequester talk in the u.s., you don't have to just
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stay here at home. you can go overseas, i emg good emerging matter of fact etf. >> brenda: jonas, bull or bear. >> bear on the market. >> brenda: tobin. >> good news about the home starts, believe it or not, people don't write on paper they do it on cad cam software, the leader here. and i think they're up 25, 30% by the end of the year, sales are booming into the construction sector. >> brenda: gary b, bull or bear. >> bearish on this, i think it needs to drop a little. >> brenda: jonas your prediction. >> you don't need a good credit score for an interest rate or a loan. and there's a dating site. and i don't know if they pull your credit score or what. and a top tier or credit card companies and that's what you're going want to have. >> brenda: toby. i've got to get your take. >> sports illustrated, i'm breathless from two mutes ago. brenda: okay. neil cavuto, best credit score
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around. cavuto on business. >> neil: all right, this just n, the watch for armageddon is on. welcome, everybody, i'm neil cavuto, i bet you woke up and were surprised to even see the sun ♪ hallelujah ♪ hours to sequestration, damn nation and not even a hint. and i see pretty much what i don't see. i don't see airports shutting down because security agents were fired. i don't see mental patients wondering the streets because they didn't get their meds even though i see them wandering the streets and i don't see mr. ed popping up in anyone's cheeseburge today. yes, because we fired the food inspectors? that's my beef, politicians scaring us to the bone, big fat liars so far. if this passes for leadership in washington, is it any wonder taxpayers just want to take a pass on washington?
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. and charles payne, adam lashinsky, charlie gasperino. >> a small fraction thinks we're headed in the right direction. a pox on both houses and lack of leadership and i've got to tell you the sequestration thing has taken it to a whole other level. the president has to understand he can't offer a compromise and say if you don't step it we're not compromising. a compromise is give and take on both sides. fanning the flames of fear on this thing is not only disingenuous was harmful. the president can say, hey, it took off even if we had sequestration, if congress would try to stop the pr war. >> i disagree the worst case scenario for the white house is that there's no discernible economic impact felt by a broad swath of the united states. because that would be proof that, hey, we can cut spending
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and we can cut it even in the most draconian way and we don't have-- >> good point even though it's not draconian. >> in the economy how about in a haphazard way, or a ham-handed way and we don't have any real perks done to the nation. neil: charlie. >> i think the pr problem, and dire predictions and he came out in press conferences and say we're not going to enter the the apocalypse, finally, after predicting apocalypse for months, but he had the pr problem because the apocalypse, at least coming from the white house, baked in a lot and there wl be some pain, i'm sure. you know, a couple of government workers are going to take it on the chin a little bit. we should point out a lot of government workers live in d.c. and guess what, that place benefitted from the government spending a boom in the d.c. area and i think his problem is pr when the apocalypse doesn't come, people are going to say, this guy is full of you know what,
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and he is, especially on this subject. >> neil: ben stein, let's say it doesn't come, the pain, i'm saying palpable to those directly affected. it's not nearly as bad as he is trumpeted it and that it might be a case of, you know, you keep doing this, mr. president, you keep doing the boy who cried wolf and you've got to stop the howling. what do you think happens? >> i think the real crisis is not so much the economic crisis that affects the ordinary citizen although we do know, to charles' point that tens of thousands of defensivelyion workers are going to be laid off. for those people it's a catastrophe to lose your job and even to lose it for a few weeks, it's a real catastrophe. i think the real catastrophe is that the government will not compromise. this isn't the third reich, it's not supposed to be run by absolutes, it's supposed to be run by some people giving, not getting everything they want. the fact is the government cannot compromise and come to
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the spirit of compromise for what's good of the country and that's the crisis. >> neil: adam. >> i'm going it take a slightly different tack, i don't disagree with anything that's been said. i think that the american people deserve a fair amount of the blame here, too. we know that public opinion polls say we're not happy with the way our leaders in washington are leading, but at the very same time, we don't ever want them to cut any of our programs. the electorate is completely two-faced o this issue. so, it's not terribly surprising to me, but the leadership in washington-- >> adam would you slow down there. you're talking about --. >> well, i'll -- a fair point, i'm including, i'll include myself. >> neil: if you want to say cnn viewers, if you want to say-- perfectly fine, but i think you're mistaking-- go ahead. >> well, no, nobody ever agreed with me on this program anyway so it's okay if-- you can come to our viewers'
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defense, neil. >> i think that people, voters, citizens will be aggravated by some ofhese cuts and they'll experience it in different ways and so we'll see what happens. don't think the fact that we haven't had armageddon by this morning doesn't mean that there will not be considerable pain down the road. >> neil: you're convinced, not armageddon, but slowdown, could it lead to a slowdown. >> i think -- you know, listen, i think the slowdown will come from raising taxes as well. when you have a payroll tax that is among the most regressive tax, meaning it affects rich people as it it affects poor people, which is what president obama allowed to happen, that's a problem. and ben stayed there's no compromise, the republicans compromise a lot, they compromised in the last go-round. they drew a line in the sand and say that their voters put them into office to cut and unfortune, it's going to weigh
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somewhat heavily on defense, but now what? i will say this, we defend the entire world. we defend italy, we defend welfare states in europe, i mean, you know at some point, you know, they've got to spend for their own defense and i tell you-- >> but they won't. >> okay, that's their problem. >> no, that's our problem, too, if we lose europe, if we lose europe, if we-- >> who are we going to lose it to? >> the russians are coming? are the russians going to take over italy. >> no, no, but if we lose the fight against terrorism. >> of course. >> and the fight gebs tagainst terrorists, it's going to be catastrophe. >> i'm not saying that, there's no reason not to cut our defense budget somewhat. i mean, everybody-- >> i will say neither of you need to worry because the numbers we're talking about here in the scheme of things for defense and everything else, and even in the aggregate, and-- minimal, but the defense people say, people from the pentagon say that it's not
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minimal and going to be extreme-- >> i don't expect that they're --. >> and the in's and outs of the sequestration, how it was arbitrarily decided, aim not a fan, having said that i'd rather a backup plan even with pain than no plan at all with zero pain. that's all i'm saying. >> that's not the choice, there could have been a careful delegation. >> yes, there could have been. i could have been michael phelps and winning records at the olympics, didn't happen. >> the g.o.p. offered to give the president more flexibility. >> he turned it down. and he turned it down. so, that's what makes me think, charles payne-- i understand, i understand. no, no, i understand, but i'm saying, charles payne, in the end, this is more kabuki theater than anything else, here is the president on friday, bemoaning that to the press and for them to say that, just shows the lunacy of where we stand right now. >> and you know, adam made the point earlier about it being everyone's fault. here is the thing though, everyone can think that, you
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know, the thoughts they think of aided by these kind of press conferences. when the president doesn't say, guys, america's got to take a little bit of pain now to avoid a whole lot of pain in the future. that's presidential. that's stepping up to the plate instead. it's going to be armageddon, lights out. >> and what is even crazier, the democrats in the senate offered an alternative to the 85 billion dollars in cuts, included some tax increases and cuts, some cuts ten years out, zero net spending cuts in this thing. the democrats do not want to cut spending and they're hopinghat some small cuts lead to armageddon and it will not and it will bite them in the-- >> and the president wanted 50.98% of the vote. >> neil: i thought was 97, 98? >> it mute be 98. >> i thought was 99. >> he acts like it's 99%, he's running around saying he's not a dictator, guess what? he acts like one sometimes. >> neil: well, there's no progress.
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cavuto on business. all right, forget about weight watchers the diet company. how about the weight watchers, your company. some businesses are starting to monitor what their employees are eating and what clothing size they're buying. why is that? part of an effort to lower health care costs. what do you think of it? >> it's terrifying. all of life is a balancing tactful act and we want the companies to control the health care costs, but individual privacy, the right of individuals to decide what to eat without their bosses telling them, that's basic. i mean, we're now in the world of george orwell if your employer can tell you what to eat. it's a frightening, beyond frightening, terrifying situation. >> neil: was george orwell fat? >> he was very thin. >> he always looked very thin in his-- >> and that's a moot point for orwell to warn. adam. what do you make of that that this is a dangerous sort after precedent? >> well, i'm far less concerned about this than ben is.
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i mean, ask the margin of-- >> maybe because ben's okay with it being a segment on the show and you-- (laughter) just like you did to your viewers in the last segment. >> i'm on thin ice here, neil. >> well, i have a very libertarian and capitalistic perspective on this that if i want my employer to pay for my health insurance i'm willing to let my employer monitor my health. and i suppose-- >> can you kidding? are you kidding? and monitoring-- >> and so many people are talking i can't hear what you're saying. >> neil: one at a time. adam, you're okay with this being done outside of work, monitoring, and i saw adam last night eating a cannoli? i don't think so. >> i have to see the details. i think it's okay if they want to monitor weight on an ongoing basis by blood sugar lels, sorry? >> i have no idea, go ahead.
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>> unbelievable. >> where you get the cannolis. >> brooklyn, new york. >> only you would know that. and-- >> wait, wait, wait the thin dagen is going to weigh in. >> no, but adam, you're living in lala land. the issue, you don't know what the company is looking at. so, it's out of sight, out of mind mentality that's extremely dangerous. it's frightening to think that your company is-- frightening, you should be frightened because you act like you're mr. health and we know you're up to know good when you're not here at work. >> drinking my only vice these days. >> neil: believe me, i can pick a couple of others, go ahead. >> and i'm trying to figure out how to support this and thinking about it all morning. mou do i support this? and i can't. it's insane and adam this is the antithesis of libertarianm. okay i was in brooklyn last night and showing up at the
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door. >> charlie turn down the insurance, don't take it. >> and on the crew that i saw last night, and-- >> i'm not a lawyer, but i've watched perry mason. and i will say this, charles payne, that let's say they could look into that and did see where we're going after work and shouldn't have had the double order of wings and all. is that a fireable offense? the next obvious concern that you either stop going out to that wing place or we're going to fire you. i mean, that's the beyond the-- >> and the policy and they go through the trouble, it will be fireable offense for them. i've got to tell you, i run a business and scares me, the most when they have a big breakfast or a big lunch. i don't want to control their lunch, but they're done for the day. i've seen guys with a steak and mashed potato and think, my man and-- >> what do you think they come back-- no, you get sluggish after that, not productive after
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that. these guys eat these meals like they're going to the electric chair and next thing you know-- >> you sound like michelle obama. >> last year, i had a competition for guys to lose weight, as they were losing weight, they would-- >> oh, my god. >>voluntary, voluntary. >> it's all volunteer. >> this is why they won't rule out using drones in the u.s., drones will be used to monitor people. >> neil: and what's next. >> determine who you can go out with and have sex with and marry. >> and you're exaggerating. >> that's right. >> you're exaggerating what they're monitoring and i was trying to say if they want to look the at my weight, my blood sugar level, my cholesterol, and then and then offer some advice, i'm fine with that. >> i've thought about this, and made me nervous, the next thing i go out and-- >> why are you worried? >> buy a bigger set of underwear one size up, i don't want to charge it and let them know i might be gaining weight. >> and adam, how do i support
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this insanity? >> i gave it to you, charlie, don't take the insurance. you don't have to let them pay for it. >> why should the whole-- >> let someone else. >> take the blood pressure ten times a day. >> go with payne. a warning for millions of americans working at home. get your butt back in the office. why what happened at yahoo! could be the start of something big. you want to know the real deal with our economy? don't pay attention to this. i want you to take a look at this. a lot moref them could be coming. we report. quite a high.
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>> all right. forget watching the stock market and watch the job market. because with all the buzz over green numbers on wall stet, some job numbers this week, well, they're just weak, very weak. jp morgan, the latest company announcing serious layoffs in the new year. the list is growing and growing and growing. charles payne, what's going on here? a big disconnect? >> a gigantic disconnect. corporate america is making a whole lot of money, a lot from outside this country and a lot in this country. the bottom line they're putting the money work to buy at that stock, to put out special dividends because they're afraid of the administration.
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>> neil: it helps their stock. >> it helps the stock and shareholders the bottom line, why would they make an investment in the environment where the president is saying i'm he going to get more revenue from some sources and nothing has been demonized as much as big business, i would be afraid, too, a trillion and a half plus sitting outside of this country. gigantic bottom line, the stock market up, but jobs are going away. >> this is typical of corporate behavior as they want to fire as many people as they can, to squeeze out as much per worker. it's perfectly legitimate and whether you're a republican or democratic person, that's the way business operates. business is about the bottom line. >> neil: adam, what do you think of that. >> i'm sorry to say this has more to do with big companies, my company, time, inc. was one of the companies we showed. this is nothing do with politics, the macro economy is my opinion and so on. >> that's insane. (laughter) all you have to do--
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>> charles gasperino calling someone insane. >> that's right, anybody with a straight face could say that this is-- aren't react to go fiscal policy coming out of the white house, that's insane statement. >> neil: iidn't say that-- he didn't say that. if they're doing this, for capital purposes, that's obviously a reflection of confidence. >> right, right, but there's a reason why we're four years-- >> that they're retrenching, the weakest recovery and point out when you have wall street, wall street is worse because they have dodd-frank and other regulations. >> neil: real quick, dagen. >> they're trying to maintain profitability by cutting head counts and it's hard to grow he the economy because the economy is so weak. >> neil: you took a section and with a southern accent made it seem okay. and so much for enjoying the golden
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