Skip to main content

tv   Cavuto  FOX Business  May 28, 2013 11:00pm-12:01am EDT

11:00 pm
neil: forget t attorney general or acting irs commisoner or former irs big wig, now on leave. if you want to know what scandal stands to me you reall sick, it is woman overseeing health care law presumably in charge f keeping us well, it is sebelius. i am serious. i am neil cavo, sebelius is running scared, getting scrutneeded for hitting up prive companies for singing the praises. it is not so much that law has
11:01 pm
become a scandal as much as very folks who oe touted its services yous are most vocal critics, labor union, they are none too pleased they have not escaped the taxes, and average americans finding out if it sounds too good to be true, no amountf coverage for preexisting conditions it justify the alarming costs, under the pervue of department secretaryho is supposed to be policing them this year scand to watch, this is not about a conservative group target by irs or reporters hounded by the justice department, this i about all americanshose health is under a department's control. that is now out of control. to aocith should shock, this health care law, 6 stick a sir jinx in it -- syringe in it, you
11:02 pm
argue thi keeps springing leaks, more to point, it is raising a lot mor questions than answers? >> it sandwich. neil: your problem is what with it? >> well, it is a brazen overreh, i bieve this will be a fourth scandal in terms of what is going on. a represent between kathleen sebelius on the hhs end, and on end of irs, sarah hall ingram am commissioner of the irs overseeing tax ecommen exemptni. >> how does a are o orthodontist
11:03 pm
caught up i this. >> it is hard t ignore fact, in health care community, myself and my colleagues are upset about it we're aware of the fact that the larger government is once again trying to hijack or health care system, and it is a overreach. a insistious relationship between the department of health and human services and the irs, none of us feel comfortable with it. iit -- articicle 1 of construct, reach out, to pro vate organizations su as largest tax preparer being han handd! hs some form of aelationship with thers, she is not allowed to augmentppropriation as it says in antideputsin.
11:04 pm
>> in order to seek augmented funds for eoll america, which is sponsors navigats as a nonprofit, loaded with x-obbma administration employees to reach out to america and on a nparsan basis enhance awareness of the obama car law. neil: one thing, cadlac insurance plans. so, under this plan, you are a extra, how do you feel about that. >> as a provider, i will say this is something that affects me less as a patnt and american citizen, most of my colleagues in health care are outraged that a sim ha a systemn
11:05 pm
hijacked, it is not logical to tu to bureau cs tscrats to healh care, any more than you would brokerage a sick cat to an accountant. therere certainly things that we could do that make a lot more sense. ttis is not one of them. neil: all right. thank you very much. we thought we would bridge a different type of distinguish. of doctor. >> to texas republican joe barton probing kathleen sebelius to when she bo knew i why do you fear that private industry push is bad on the part of secretary in charge of implementing this law? >> well, you rememr that
11:06 pm
george orwell book,ig brother was always watching you. in the obama administration we have big mother in health care, who is not only watching you, but calling up, and telling people they should make contributions allegedly in excess of a million dollars to implement a law that according to its proponents everyone should love, a law that mandates employers have toide health mandates. have to provide health care, and every individual has to have heth care, why in t world do we need to solit funds. neil: administration is blaming you republicans for blocking that fuding so thhy have to h the companiesompany. -- up,hey argue it is in their company's interestt youould
11:07 pm
make a case for johon foundation it could benefit as foundations canenefit. under the new lyle care law -- health care law, you saythat does not wash? >> i don't. we sent a letter myself, chairman emerit is. we sene letr to secretary sebelius asking her tell us who she talked to. neil: has she answered? >> she did not, the deadline of yesterday,s of you know,ty of tier time right now -- tv time right now, i'm not aware she answered. the people have a right to know, it is a minimal ueemly for sitting secretary of health and human services to dial for dollars, so to speak for a entity that is headed up by former senior campaign ae to the obama reelection campaign,
11:08 pm
former senior official, democratic national committee, you know if this law is a good as its proponents claim, they don't need to be doing this, it very questionable whether what the secretary has allegedly done is evening well. neil: thank you, for you folks at home, think of implication of companiesha did not pay up? are they going to be targeted? you be the judge. to the go who is. has judged. judge napolitano, hanging by a thread. >> it is, and theoctor and congressman a correct. the entities to which the corporations regated by department of health a human services are asked by the secretary of health and human services are 501c threes, and c4s, i am wondering if irs is
11:09 pm
givingm scrutiny they gave the tea party patriots, on the conservative side. the constitution prohibits government fro getting someone el to do its work for it when the obama administration specifically asked f funds to do things that mrs. sebelius is trying to get nonprofits to do by getting regulated entities to contribute to nonprofits so they have money wit which to do, core said no. so, federal law actually prohibits her from boein doing e wants to do. neil: she broke the law. >> she did bak the law. neil: what go asking not demanding. >> asking. neil: falls in the same category. sure, she is a rig later, as -- regulator, as of head of hhs, the several hundred thousand people that work for her regulate the insurance companies, the quid pro quos your bossants to us contribute ney to this entity, her boss,
11:10 pm
the president, thinks will make his law a little bit easier, if we contribute, will you go easier on regulating us? if we don't ctribute, should we fear your wrath? congress fore saw this. when it enacted the sta statutet said he ranking federal officials cannott raise money, not for catholic church or for the adl or this entity she is raising money for, the implication is, if you give as we want you to give, the vernment will thank you. neil:ow let'say this she struck down this and can't hit up t money from the companies @% foundations, this is hanging by a thread. you already got uproar over irs thing, a loo of folks saying go slow. and you got growing concern among unions who thought they would get a pass foraying their cadillac plans on their,. >> it if you let me take off my
11:11 pm
judicial hat, and put on my politil hat, yes, because there are democrats, in the reelection, in 2014, this is going to be so frustratining for so many people, who usedo vote democratic all of the time that even the democrats want to make changesnhe statute, this affects more people, andosts more money than anything that congress did by oneingle vote, to suggestion it is not perfect, or that is has gone too far justifies reality. when democrats combine with republicans and say you were right -- >> you can't tinker with the titanic, you have to start with scratch. >>n aument be on made. neil: the good lawyer winsut. >> president should worry when democrats say, time for a chan. neil: that is right, they are all at judge's side now. >> not all of them.
11:12 pm
neil: but a goo many. thank you very much. when markets see nothing but net, time for buyers to say in nye nye. the president andov reuniting after back slag each other back then, theuy from sandy is here to s theoys ed double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! travelings easy with the venture card because you can fly airline anytime. two words. double miles! this guy can act.
11:13 pm
wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing conte and go! ♪ win! what's in your wallet?
11:14 pm
neil: who knew, hulu. they are barking loudly becse perspective buyers arearking more loudly, whether those bids er get around to approaching company's self-vellinling a of north of 2 billion buckss anyone's guess. sound a lot like that other high-tec boo the o that went
11:15 pm
bust? the one that cut tech heavy nazdaq in half? for now wall streeters not seems o concerned. now what is going on, with the hulu thing that nicely tells story that not only does every dog have its day buteople reassess the dogs and fige what the hay. >> we're all hing that market keeps going up, even if you know revenues are declining, earnings growth declining, we're hoping for a bubble. look at good the internet was until is popped. neil: is this a bubble? are y saying by definition, with hulu and the tech sector is indicative of before? >> when stocks are pushed up by fundamentals it is well, family a bubble. during the internet we thought using metrics to value things
11:16 pm
this is that, no. nazdaq still down w down from whe it was when it popd in 2000. neil: someone told me, you keep these numbers for better than i am that if theazdaq were to get back to even 5,000, the valuations would be more inine with the reality than that figure reprentnted back in 2,000, what do you say? >> i don't think -- remember there is has been change, that since rifts,. neil: -- that is interests. >> thank you. >> we had tons of printed money, 85 billion a month. neil: what if ttat money was not there? what if that nicotine were not provided. >> ask the bulls, they tell you, the feds got our back, that is why we're jumping i but i think it's not smart to do that from too long, even interests, you know just bause the fed pris moneyoes not
11:17 pm
mean interest rates always stay low. how long does it last? neil: how long do you technology lasts -- do you think it lasts some, people say you could have a nice melt up, that could go on for a good couple years, just go with the flow, don't fight the feds, just run baby run. >> most people went up and they melted right back down. neil: they don't have the discerning pow target out at the right time. >> right. i would be careful about thinking this is going on for two mer years, market has been a good run it will be trick to move two years at this rate. neil: what is first sign luke for -- look for, it does not have to take the punch hole away but hinting they could take some of it away. uld that be a sign to get out?
11:18 pm
>> you find people will get out, that is what they think is driving this market up, if you see that move, it will be time to take profits, at the same time, evened is getting worried about this, i don't believe believe this is going to cousicousinflation. neil: always a pressure robert -- please robert. >> thank you. neil: abbott and costello are back, why isn't this san victim laughing. >> i told president obama, you told us you are going to cut the red tape. and i told him, the middle class get in the royal finger, it is a ♪ [ male announcer ] from the way the bristles move to the way they clean, once you try an oral-b deep sweep power brush, you'll never go back to regular manual brush. its three cleaning zones withynamic power bristles reachetween teeth with more brush movements
11:19 pm
to remove up to 100% more aque than a regular manual brush. and even 76% more plaque than sonicare flexcare in hard to reach areas. oral-b deep sweep 5000 power brush. life opens up when you d
11:20 pm
11:21 pm
11:22 pm
neil: hope and bing, lewis and martin, abbott and costello, barack and chris christie, high joined hands to tackle aftermath the storm of hurricane sandy. he has become a political rock star. selling notion as has president that sometimes parties have to come together to get stuff done, only question, my next guest circumstance whais,what have th7 months after hurricane sandy not much, red cross has not spe more than third of the millns raised to assist with sandy victims like scott. good to see you, i thought i would see you adan obama event
11:23 pm
right now. >> not in this lifetime. neil: what do you thi of these, fema proven itsorth, all is good. >> you have go o, i have an organization, beacon of hope in new york, that we started after this, my wife and i did a survey of community of sten island there are over a thousand houses damaged in my comnity that are are not being happened. >> charles: beyond repair or can be repaired. >> fema told everyone to get an sba loan, now everyone has a issue with the sba, what is going on now, is, you hear the city program will allow grants because we might have to raise our homes under fema's new guelines, t president said fema works for him. okay fema works for him, where are the maps, 7 mths later.
11:24 pm
neil: whattdo you mean? >> flood elevation maps that tell people, if you don't raise your house to a certain level, you will pay from $10,000 to $20,000 in flood insurance, what middle class person -- that is an extra mortgage. neil: if you want to rebuild? >> you have to rebuild new guidelines. now you -- your insurance company locke you up for 30,000 if they li let you qualify, fems supposed to help you o, but if you did not apply for a sba loan then have you all this ri red t. if you applied for that sba loan, because theyold you you ha to, then you don't quafy
11:25 pm
for that, it has to be out of pocket. neil: what is their interest. >> push you out, this is waterfront property. : who makes money on that? >> the government, still works the government, they work hand in hand. neil: primo real estate. >> they are talking there is a you k kno buyout program, and rebuild program. neil: buyout leaves you under. youre not leaving? >> i am not leaving. >> your friends are not he eith. >> no. neil: whe is this going? >> who knows, we are not going no matterhat do you do, the are our american dreams, we're working peoe, we want our homes, we want you to do the right things by us, you made promises, you said stuff, on national tv you said you were cutting red tape, it has not
11:26 pm
happened neil: he says it is, you say he is lying. >>e has to wake up, he is ving a fairy dreami don't know where he gets it. neil: you tnk that jersey gets the attention, and you see see istanstatenisland don't. >> no jersey is not getting it either, i'm talked t them. people have to stop giving to red cross, go to little community, beacon of hope new york, boots on the ground. neil: they help. >> they will be there from the beginning to the end. we're helping people restructas we talk, we're doing the mold
11:27 pm
reaheadratioaheadation, we're te doing it. >> scot mc mcgrath a lot of people have wanted him to run for was on the. it would be a disruptive house. >> president oma surveying sandy aftermath. bad time toet out or a perfect bad time toet out or a perfect time to get away? you hurty feelings, todd. i did? when visa signature asked everybody what upgraded expeences really mattered... you suggested luxury car service instd of "strength training with patrick willis." come on todd! flap them chien wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgredxperience comes from listening tour cardholders. visa signature. your idea of what a card should be.
11:28 pm
if you have high cholesterol, here's some information thahat may be worth looking in. in a clinical trial versus lipitor, crestor got morehigh-risk patients' bad cholesterol to a goal of under 100. getting to goal is important, especially if you have high cholesterol plus any of these risk ctors because you could be at increased risk for plaque buildup in your arteries over time. and that's why when diet and exercise alone aren't enough to lower cholesrol i prescribe crestor. [ female announr ] crestor is not right for everyone. ikpeople with liver sease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines you're taking. call your doctor right away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper bel pain, dark urine or yellowing of skin or eyes. these could be signs of rare b serious side effects. is your cholesterol at goal? ask your doctor about crestor. [ female announcer ] if you can't afford your medication, astrazeneca may be able to help.
11:29 pm
11:30 pm
neil: surveying damage, and trying to control damage. because while president obama touring new jersey, 4 sies scandal investigations are heating up in washington, the president does not need to defct, the public does not care about these scandal, and patrick buchanan does n agree. >> i think what president is doing, and right thing, he is giving twomportantpeeches, moore house college, one on drones, now up in new jersey. no doubt this i a serious matter politically for him, i think that irs scandal. and also the problem with attorney general of united states who appears not to have spoken the truth when he said he doesn't know anything abo espionage act investigations, the presidenteeds to stay away
11:31 pm
from the battle, none of this directly impacts him for example in the way watergate, and iran contra, impacted nixon and reag. neil: but don, if you are seen in eyes of pubc as aloof in the face of these scandals, who is to trust you to say you are on top of these disasters and you are making good? wwe have a victim of the storm say that says the words do not match the deed. >> that presumes that public sees president aloof, we could say he is trying to deflect attention or doing the job he was elected to do, whi is what he is doing addressing major national security considerations, he e s trying to rally young people t be part of the economy and take responsibility for themselves. he is going out and talking about middle class, and how we have to help jump-start the
11:32 pm
economy for their sake, on every front, he is doing what he shld be doing. neil: but, i agree, i don't buy that trying to escape political troubles. every president involved in and scandal look like, that i will raise the basic issue with you about whether thisoes fester, his approval ratings have not been impacted in a severe way yet, do you think they will? >> they can. but surest way to help that along is to actlly deflect your attention away from the job you are elected to do, pat and i have worked in different white usesn different era that faced these circumstanc only wa to save a president see in a i'm like this is stay focused on the job, when american peopl come t bieve that you somehow have been undermined and your ability to pay attenon to eir problem nasa is when you get troub. >> neil, the presint has an
11:33 pm
advantage, he had nothing to do at all with the benghazi ent. he did not know about security of it he w not in on making up the devising talking points. neil: there is a lot you don't know, pat, we don't know, and if his ignorance is a defense that is not going to buy him mh. >> tre is no w that i think that president of united states can say i was involvednd engaged on these issues, he waa not, attorney general rally said, i never toldim about what we did with the ap orith rosen. neil: understood, but is it a good or bad thing? argument of being a leader, bad things happening and proven you are not it might be find but what does is say? >> it says that president is some what disengaged inhings he is not interested in, he was not involved, they went 3 years that irs scandal before it reached the white house, but not
11:34 pm
on the same magnitude as rhard nixon involve in water gate thing from the beginning, intimately, and ron at reagan, if you will, one responsible for the arms for hostages deal. >> kay. in the end, where does this go? don, it seems you say, it does not necessarily go far if there is no there, there, there meeting multiple embear -- there might be multiple embarrassing issu. >> we don't the answer yet. we don't know the facts bind. as more comes out, more could be damaging, if the president stays focused. this is not about his whole administration but him and his ability to people's view to stay focused. if he accomplished more things for the american people. neil: that might be debate able in this environment, pat?
11:35 pm
>> that true. no doubt that republicans will be on his case. but if he told the truth, and i believe he has, then these will be a major destruction, but he should move away from this, i think thatric holder has problems, i want to know why secretary of treasury mr. geithner did not know he had a rogue again under him that was going hog while against conservative groups for two years while he was sitting atop that agent. neil: good point, but don, you said, as long as this does not touch theresident and administration survives. >>es, and cabinet officers that pat has talked about, right no at least public is judging them based on the real work they have been doing on behalf of the country. geithner was hard at work ting to make sure that economy was improving, wich it has, and eric hder, as wenow has been involved with protecting country on national security front, and
11:36 pm
investigations there, which most people believe is the right thing for the government to do right now. >> don, you can't believe that eric holder will survive this for a year, can you? >> well, i don't know, he wants to stay in the job anyway. but, you know, there will be more questions. neil: don just remember things can change, 4 decade ago, 69% of americans polled thought it was a political attack agenda. and later on, as we would see, things change. >> it was that too. neil: that was then this, is now. now. you were to blame for all that pat, i'm kidding. thank you, guys. neil: cruise business on fire, but somehow i don't think this is what they had in mind, now another ship as hit the fan.
11:37 pm
another ship as hit the fan. customers walking the blank, atd, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes make your business our business. od. helping the world keep promises.
11:38 pm
with fidelity's options plform, we've completely integrated every step of the process, making it easier to try ers and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our mo intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. 's one more innovative reason serious invests are choosing fidelity. w get 200 free trades when you on an account. [ whirring ] [ dog barks ] i want to treat dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your busine? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the secuty you need to get you there. call us. we can show you how &t solutions c help you dohat you do... even better.
11:39 pm
♪ neil: good news, apple going low end, and cruise disasters that will not en, cruise fromell in a moment, but first up, high-end shoppers kicking off summer with bling. tiffany sales rising, beating expectations. scott martin and toby smith. luxury could beot, everything in middle not. >> you know, if you look over numbers last week our economy had a heartttack 2008, and 2009 and we're still recovery, but a the top, incomes have come back to where they were, back to 20% of what home values were in many cases in 2008, parts of that goingo feeling comfortable is going totiv tiffy
11:40 pm
wright ni, an and buying somethg night. neil: very high-ends are doing fine. low end. dollar store and family dollar are doing fine, everything in between fm macs to walmart, not, what is that about? >> yeah, like a weird crowding out. you don't the middle but you want to be on the fringe, that dichotomy, that in the economyight now, but listen, if you are tiffany you do one of two thi to grow sales you build stores where toby lives or you like to see their main customer do well, that ctomer is the high high-end nsumer wh investment in real estate, they are going up. neil: issue two, apple shares
11:41 pm
off of the $700 high, the apple stock cheap, city 1 analyst predict a shift to low end iphones that could happen this quarter or next? toby, smart edesperate or both? >> not desperate, classic consumer markets 101, if you create a new niche of products, they did with the iphe, and ipad, you sell to the highest end customer at highest price possible, and take out that premium marketplace, they have. the problem they have, next in smartphones we have a billion smartphones we're going to 5 billion in fix next 5 or 6 y. they don't cannibalize their eye end sales, person in india or china will buy lower end phone,
11:42 pm
they have to do this? scott? they have to do it? >> they do, but they are getting caught on theigh end, that is why they are going to low end, the cheaper that apple gets as far as their products that is less apple-like that takes juice t of the stock. so, that to me will hurt the stock price, this is not the same old apple. neil: it does take a bit of the allure away. they could over charge for products and fans would never argue. talk about shipwrecked, first carnival under fire, now royal caribbean on fire. 2200 passengers flownwn back to baltimore today after a fire breaks out during a cruise. >> taking a dolphin ride, i am really worried about these cruises and cruise lines, over last 10 years, profitability is dropping at ablarging rates -- at alarming rates, the resorts
11:43 pm
and hospitaty stocks are doing well. these are two areas to avoid, you know what is going to be next cruise lines paying people to take the cruises becausehey are afraid? neil: in this cruise line's case, it handled it well, as uld be expected a lot of these people might come bk tobin but what do you make of it? >> the is 4 millionaire flights a year, we have zero, we have you know less the aim of cruises and time again, once a quarter, they have been safe, but,ing all getting painted with the same bsh it is going to hurt the brandf cruing, not like cruising when we gw up. neil: you take private yachts that is different, my idea of a circle around -- i want to thank you both very much.
11:44 pm
>> you want to know how housing will do? look at housing stocks, we have, this rally, if it holds this with the spa cash card from cital one... boris earns unlimited rewards for hismall business. can i get the smith contract, ease? thank you. that's three w paper shredders. [ boris ] put 'em on mspark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. re back the chicken's testimony, please. "b, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimitedewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle
11:45 pm
11:46 pm
11:47 pm
neil: this just in, housing boom is ohome building giant, with numbers he said so far pve it good to have you back. something is -- by thend large most of housing data from existing home/8say the sales are up, and minutes -- cynics come back, you are off the map but hardly off to the races. >> we're in ely innings.
11:48 pm
it is positive but has a lot of runway ahead. neil: how do you know? >> it is demographs driveur business. household more may b pore may bh immigration -- formation with immigration form housing demand. neil: i thought people realized that demand that was over supplying, has did not match. >> we did over supply in 2004, 5 and 6, but we under supplied so greatly in the downturn, we were down at housing starts at 500 to 600,000 starts a year, we have not seen that since world war ii here. we over reacted it ate up that extra supply then some. we're actually in a deficit %-neil: what changed. what brought the shoppers out? >> the come makes o combinationt rates, they have been lowow fora while but lower over last year,
11:49 pm
and psychology h done a lot. the fear -- people were waiting and waiting they said, with these rates iave to steput and get into the home buying mode, enough people have done that, that snowball got bigger and bigger. neil: buthat if it about the obuilt on a new bubble. all you need is one hiccup o fed saying we're not going to buy as much? >> you know, neil we been around for over 50 years, we've been through a lot of cycles, after the '81-82 housing downturn, mortgage rates were 18%, recovery hapened with 30-year fixed rate mortgagest 14%, and housing starts -- neil: people have gotten used to out of whack rates, those rates are the rates we first were at,
11:50 pm
today you tell young people, w lament getting a 4% mortgage, th think they are gting gouged, the historical norm is -- you are sitting in a perfect environment. >> housing is primarily about shelter. right now, the shelter they can ge might be a beautiful 3500 square footouse, if rates go upo 6% it is a 2500quare foot house, or 9%, a townhouse but they will nd shelter, and households formations are growing, our populations growing. neil: for first time, guys like you and toll and others have en able to jack up your prices, and add-on that used to be gimmes to entice buyers, you don't have to do it request more, how long do you think that will last. >> i think it will last longer there will be more price apeciation. neil: about what are we get back
11:51 pm
to once we get tre. >> 10% year-over-year, we're ill below where we were for a while. i think we're -- in our last conference calling rereleased specific exales and divisions of price increases we did which were more precise. we're about to do our new conference call in two weeks, we'll give a few mor examples it is widespread, not every market, some are harder than others. neil: lenders have to lend more aggressively? they have not donehat? what is accounting for this new activity areeople paying cash. >> the cash bers are an important component there a enough credit qualified buyer nas are moving out of the sideline, as it moves more people say, i guess it is time. i have to jump in, i have soon prices go up it is psychological. >> it is demographics and
11:52 pm
psychology and great mort gang gang rates -- mortgage rates. >> do you fear with story o ipping plopties we're kill the goose. >> there will be some that tak advantage of appreciation buin the end, biggest driver right now is pure consumer demand. it is finally cashing and up growing in momentum. neil: good seeing you aga. >> thank you are neil. >> when we come back, attention newark walmart shoppers, good luck in finding a walmart to ♪
11:53 pm
[ male announcer ] from the way the bristles move to the way they clea once you try an oral-b deep sweep power brush, you'll neverback to a regular manuabrush. its three cleaning zones with dynamic power briles reach betwen teeth with more brush movements to remove up to 100% more plaque than a regular manual brus
11:54 pm
and even 76% more plaque than sonicare flexcare in hard to reach areas. oral-b deep sweep 5000 power bsh. life opens up when you do. ♪ neil: welcome a congratulations. you just book your voters to more use it- more years of retail help. the new york mayor happy to put
11:55 pm
a kaj boschnd opening a walmart in tir neck of the roads leading his residence to pay to the nose. what is is all about, giving customers or unions a break? t's ask. what do you think? >> i think his politics as usual, unfortunately in newark in the state of new jersey, if you take a look at what mr. bloggers track record is, it is clearly in favor of the unions. the simple fact is i bet you if you look carefully at the connections that he has to the rit eight corporation the would weave theiway into a very interesting fashion. i am no suggesting and know that for a fact.t. i am saying am pretty surehat is the case. neil: this would not be the first public official who has said notes so walmart, a nonunion shop in their neck of the woods. what are we to make o that and the signal that it sends to its constituents? >> as a constituent would be upset. i enj being able to stop of walmart.
11:56 pm
i wish i had one in my neighborhood. it isreat for people who have to stick to a budget, unlike a lot of government agencies. but another thing is, there is an article in the newark -- new work pads that says walmart has company data showing that they spent 25 million at walmart last year, sot's not likethey have moral issues wit stopping there. neil: what do you make of this? >> shop rite, the shop that has gone in instead of walrt started out in newark in 1946. it is a new jersey company and its hequarters are in new jersey. it makes perfect sense. andhis walmart, only $17 million last year. perhaps they should just been a bit more lobbying. neil: what iwrong with giving them a choice? >> fundamentally they do have a choice. neil:ou think they' basically beijing? >> quite frankly it was 50
11:57 pm
community groups or complaining. neil: use a betterble cause problems. >> cory booker i looking to constituents and going to new jersey companies. neil: t i would to bid around say, what about thoseho want for dollar prescription drugs, what about those who wt cheaper ts, consumer products and whenever villainous things you're taxing to walmart. it is not giving youhat option >> and think the governmen potion should be to take away choices that the consumers are supposed to have 56 to let the consumers decide. >> and that is exactly what is being done fast. t it this way a developer is involved. they should get to make really the end decision on who they won in the developing. because of political pressure and the nature of how politics is so important local community, that decision pow its second wait for. it booker did not back the other will go with whoever he did for. plain and simple. al the suddenness of dragging their feet on certain things that need to get done, speccal permits that might need to get files.
11:58 pm
neil: but where is the lobby for avaverage joe enjoy answer one cheaper drugs, cheaper consumer products, a super food and like an alternative. then theyust say, have added. if you think this is so heinous and horrendous, if i don't shop there it was a wte of time for walmart. >> that will be my message. no one is forcing anyone to shop %-they will see the pain pretty od the peeple have problems of walmart and choose not to shop there. why not give them thatption? completely agree and t is what wld have vast. neil: you would not give him that option, would you? >> it iy company. if they don't like cory booker and his policies, theyan vote him out. a blueberry ofhe state. neil: in the end itll they e aware of is -- >> you could just say. neil: you know the path of this. community groups obviously alwaysrgue when a big box or
11:59 pm
comes into the neighborhood. they feathat the big box or will take away their business, but if you think about the individuals to shop at those stores, they don't care whether it's big or small box. they want a good deal and there being robbed of that. >> but also you what your workers to have goo wages. three to 400 people now with more jobs in new jersey. neil: you don't know that. you don'tnow that. jobs provided by walmart. >> wther it is walmart or right age, they wou have brought those jobs. the bigger issue is, let the coadora a background of walmart. started out of his basement. i mn, the reality is, that is the american dream. neil: with this even be a issue? >> said ink it would. a big market. neil: if they were unionized this would not havehappened. >> it is a new jersey company. neil: if walmart were -- i don't think this would happen.
12:00 am
>> i mean, i agree. and believe that that has bee in ac that liberal groups and unions said that for quite awhile. a local union chapter president who wrote an op-ed. we'll see. "money" with melissa franc is next. melissa: i'm melissa francis and here's what'smoney tonight. new tgets in the irs's cross-hairs including a jewish charity that actually filed suit against the agencyhree years ago. we've got an exclusive with the group's founder and how far back and dep this scandal really goes. can you say watergate? google is taking cloud computing to a whole another level. the tech titan has a pie-in-the-skylan to bring high-speed internet to far-off lands but is it a moneymaker or will it blow up like the hindenburg? whomade money tonight. here's a nt. he is a green guru who is swimming in dough? any ideas? keep watching and find out. even when th say it's not it is always about "money".

128 Views

info Stream Only

Uploaded by TV Archive on