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tv   Cavuto on Business  FOX Business  June 2, 2013 1:30am-2:01am EDT

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stock until he switches back. >> john, single-handedly consumed more coors light in the history than colorado. >> talk about cold beer, we've got the heat coming on. cavuto. why do it nice and easy when you can do it nice and rough? good evening, neil cavuto. this little tweet from some dnc twit criticizing all the media companies opting out of that offthe record meeting with attorney general eric holder to discuss ironically this whole secrecy mess, and i quote, petus asked ag to review leak investigations are done but some in the media refuse to meet with him. so many news organizations still opted out. maybe they all decided this bull
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countrying has gone on long enough. to ben stein, charles payne, that tweet says volumes. >> just another example of the strong-arm tactics. everybody should know it's bad news and it dovetails into what we've seen. hhs secretary going after companies to regulate companies they ask for money. of course they'll give it up. the irs being wielded around like a giant club to smash anyone who doesn't agree with the obama aagenda. these guys are judge, jury and executi executioner. >> ben stein, what did you make of the tone of that and the nudz organizations that said to heck with that? but the tone and tenor continues, and the irs case as recently as a couple weeks ago they were still hounding groups. >> what i don't understand is this. if mr. holder is going to say, we're going to go after you with a club, but then we're going to come after you with nice coffee
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and crumpets and tea and be friendly, however you can't talk about anything we said, how does that suddenly make him into a nice guy? the whole purpose of the media is not to be gudulled things an keep them a secret. it sort of betrays a misunderstanding of what media is. media is to connect the government with the people. if you have a break in the connection, it's not really the media anymore. >> the bigger optic problem here, i guess, is you've had it with our secrecy. let's have a secret meeting to discuss it. >> as a reporter, i may be speaking out of tune because i know fox news did not participate in this, they are thugs. people come to me all the time and say, can we just talk off the record? i sit down and listen to them. >> but at least you meet with them -- >> right. and i set ground rules where i say, just so you know, when you talk off the record, i don't forget the minute -- your secrecy, i won't divulge the source, but i think there's something to be said -- >> what are you saying?
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you're hinting that you will quickly drop that off the record promise? >> no. i will negotiate that i don't have to forget it in the strictest term. but i want to hear what you have to say. >> say you can use that information some day if not necessarily now. >> i always believe it's always worth -- maybe adam agrees with me -- sitting down aad listening to somebody. even if they're complete thugs like these guys. >> well -- >> this is the point. >> wait a second. >> i've dealt with thugs my entire career, just so you know. >> the problem with -- with all due respect, i understand your point of view and i've done it, too, as a media person, said, are you talking off the record? if this is about being secretive, how do you improve the situation by saying, now we're going to be more 3 c1 secretive? >> that's the problem. >> i want to hear how they explain what they've done. i think that's worth it. >> adam, are you finished with the point? >> of course. the only mistake we're making
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here is to think there's anything new. there's one new thing, twitter exists now so somebody can tweet out their thoughts at the moment. >> you have to admit that was a nasty over-the-top thing to say. >> sure, sure. >> the person in charge of that cincinnati office has just been promoted. it keeps the scene where this thing was happening as recently as a couple of weeks ago in the middle of this dustup. my only point with any of this stuff is, what part of "i haven't got a freaking clue" don't you understand here? in other words, they keep doing this stuff and compounding the sin by continuing to pr sin. >> because they don't think it's a sin because they think they're still in the right. >> bingo! right. >> the reason, charlie, i disagree with you because -- >> which charlie? >> charlie, i've had people, sources -- not sources. people that i've had to deal with writing about back in the day treat me like utter dirt and
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then try and make amends by calling me in to have tea and crumpets and it's all off the record. >> i've had people call with -- >> it would take a lot more than crumpets to buy you off. >> i've had people attack me go to my boss, not just my boss. when i was working at the "wall street journal," the man who ran it, peter khan, atalked ed attd me, tried to get me fired. i sit down with him. eliot spitzer tried to get me fired. >> can i finish? i'm going to talk right now! >> i grew up -- >> i'm going to talk. i'm not talking about tough, but i grew up near pig manure farm, and i can smell it in the room. if somebody tries to muzzle me, i'm not going to go into a meeting and let them mudz elle me. >> i will sit down and listen to them. that's called being a reporter. >> i'm just saying if they're trying to muzzle you, you don't go into a meeting that muzzles you, period. >> they're into the going to muzzle me. >> can i ask a question?
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>> what? who would you bet on in a fight between the two of us? >> it would be ugly. do you think that you don't really have to get to the nuances of offthe record sort of case studies and law to know this is not just off the record, this is just off the wall. it's just crazy behavior. >> i think it's beyond a media sort of story. i think we're boxing -- it's much greater than this. i think it's a narrative of an administration that has contempt for congress, media. remember they called up the auto executives, wall street executives and all they did was demonize these people after they left. >> i wouldn't mind having a shot at erici holder. >> off the record, you would meet with eric holder if you were at such a meeting, what would you say to him? >> first of ul, as somebody who breaks a lot of stories, i don't do off the record. i say, i don't forgetting about
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it. i push them and try to get to the bottom of it the best i can. then i would -- >> adam? >> look, we have a fantastic system in our country where there is a ton of opportunity for government officials to be on the record in public in front of the cameras. as journalists we would always prefer to be on the record, but to say that we will never sit down with the peopll we write about and try to understand -- >> adam, what part of the optics are you not understanding? to ben stein's point, the whole idea was to address the secrecy around which the department was operating and why they were doing it for so long. the whole point was to address that and that in itself is triggering a secret meeting. what part of that don't you understands? >> i'll tell you, because grown-up, mature people can have all kinds of conversations to try to work out problems. >> in an on the record meeting. >> wait a minute. >> and in other ways. >> i'll tell you to your face how sttpid this is. >> wwat makes you think he's not going to give you a story during
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this whole thing? >> adam, surely you -- >> oh, come on! >> you understand he's not going to give you a story. >> ben, finish up your thought. >> look, he already said he's not going to give you a story, that it's all off the record. >> that's not staying he's not going to give you a story. that's off the record. >> then how can he be giving you a story if it's off the record. >> he gives you information and you use it. >> i want to end with -- >> to that tweet -- well, we can talk about swine manure all you want -- about for fitting your right to gripe, every american has a right to gripe about a white house who labels a journalist a criminal for trying to do his job. it's called the first amendment and they're not honoring it or trying to enforce it. and shame on them. >> pig manure. >> can i go to 0 a break? >> yeah. up next --
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>> you maniac! you blew 0 it up! oh, damn you! damn you all to hell! >> that was his reaction to the government trying to hike taxes on airline tickets. you might feel the same way after you hear this.
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this might not fly the next time you fly, but the white house is pushing for an
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additional $14 airfare tax on every flight. it's supposed to pay for improving airports and hiring more custom agents and on top of a 7.5% tax that fliers are already paying, charles payne, i'd like to know where that dough went first. >> who knows. you know what it kind of reminds me of, 1977 the blackout in new york city, my neighborhood was the hardest hit with looting. this is one of those stories where they finally got the gates off and it's a free for all. these guys have 10 billion, the faa, in like a little slush fund. they hardly spend any of it. they don't need the cash, but they see passengers being held hostage by the airlines and they want a piece of the action. >> listen to the promise ben stein they'll make lines shorter at customs and it will easier burden so it will be well worth the price. i think i've heard variations of this with hikes and excise taxes
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before. >> unlike you, sir, i don't fly private jets i fly commercial with the rest of the pee-ones. >> is that the one where a bunch of people get on together at the same time? >> right. this is the one where they don't say, mr. cavuto, your highness, can we take off now. when they're doing airport construction it's a nightmare, it's a joke, it takes forever and the lines are forever. and it's dusty and miserable so the idea that they're going to improve the travel experience by wrecking and mucking up the airports, that's almo ae's almo >> anything that reduces the number of people flying these days i'm all for it. i highly doubt a few bucks on every ticket will do it. again, there's so many fee that's just layer upon layer of fees and taxes in every -- up to like a quarter of an airline ticket can just be fees and taxes. i don't really think a few extra dollars is going to change people's flying behavior. >> you know, charlie, one thing
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i've noticed with various fees and surcharges and excise taxes is that we never get a respective lock box for them. then the money is raided. >> we were both channeling al gore there. there's never a lock box. there's never a lockbox. >> i guess i was. >> you're right. it goes into a slush fund and it's never used for the intended purpose, which is why this is a joke. >> okay. adam, what do you make of that? >> i don't think it's a joke at all. look, we have -- we are not seeing the forest for the trees here. we have an airline system in our country that works extremely well. so many people travel so efficiently for relatively little money. i am for any use fee that helps the system survive. >> well, that's assuming it's going for hat intended purpose. >> adam, it isn't going to help the system survive. >> of course normal consumers
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don't get out -- >> adam, this is just -- >> we'd have to be like daigen and say, charlie, i'm talking. when i'm finished, my lips stop working. >> everybody drops a tude here. >> all i wanted to say is i don't think the average airline customer gets out their receipt and say, oh, i'm paying for this and this and this and this. >> oh, i think they ery reasona >> i'm a man of the people. i'm a man of the people and i go through my ticket and go line by line and charles payne, i go -- >> you don't even have a ticket. you don't have a ticker. they just say, mr. cavuto, sir, come to the gate. >> charles payne, what do you make of that? >> adam, maybe people don't go through it, but the bottom line is they're paying a lot of money to taxes. this won't help efficiency. it won't help anything at all. it's just a money grab. >> but it's not a lot of money. >> by a government rather that really can't stop taking our money. they just can't stop. >> don't we see the bigger point?
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why don't we keep track of money already spent. i don't want to get side tracked but the infrastructure spending. we need to improve roads and bridges and we've given hundreds of billions of dollars to that just very thing. before we add more dollars down the drain, shouldn't we look at the drain to see where that money went?
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i would do away with the lotteries tomorrow. they are cowards taxes. we should be taxing people, not taking their money through lotteries. you're right. >> i don't want to get sidetracked because you were going to respond to what i was saying. dagen, my only issue, i want to leave on this bigger issue is, be careful what you wish for. it might sound good on paper, it might just make you look politically correct to say this is going to improve our airport security, going to improve the lines at customs and everything else, but it never goes to that. >> but the flier has the right to balk if they don't like it. it's their choice. >> you think the flier has a choice? >> yeah, the flier has a choice. take the train. >> sure, don't go. >> take a train? >> hitchhike? >> i just hope -- >> how is that going to work going from new york to london? >> how does that it work going new york to l.a.? >> that's right. >> i just hope they utz the fee
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to hand out deodorant to any questionable passenger as they're boarding the plane. >> what was that, ben? >> and take away their cell phones, too. >> well, with with we'll work on all of that. in the meantime, paying your kids green to eat more greens. supermodel heidi klum is doing it and some of the forbes ganging are saying it's a bad idea. that's coming up at the top of the hour. up next, a new round of keystone protest is heating up. is it any wonder that energy prices could start leaping up?
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. you might want to get this straight because i can't. the green crowd at it again demanding the president block the keystone pipeline. this has more antih-fracking las are getting more attention. >> these are the same loons that are occupy wall street and don't have jobs. this is how you create jobs, lower energy prices, shovel-ready jobs. >> dagen, i think it's a way to appease both unions that want the jobs and environmentalists who don't want the dirty oil. >> that's right. they can keep protesting because i know one thing. u.s. oil production is the highest it's been since the early aem 90s. it will top imports shortly and stockpiles oil are the highest in this country they've been in 88 years. so we're doing ust fine right now. >> charles? >> i tell you what, it's going to back fire. coal is already starting to
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increase. environmentalists, would you like coal or natural gas??3 c1 would you like jobs, higher tax levels? these guys are nuts. loon was the term? looney tunes. >> ben? >> this isn't really about any policy. it's just about attracting taeks to the protesters, giving them something to do, making them feel as if they're morally superior to their parents. protests of this kind are a psychological issue, not economic or political. they're about a mental disease or defect. >> that would bring us i guess to adam. >> i'm kidding. >> adam, what say you? >> well, there's no need to hyperventilate over this. first of all, gas prices are about where they were a year ago, keystone will go through eventually. everything dagen said is very validd we're in good shape here. no need to worry too much. >> i want to be in your world, adam, where everything is okay. >> i'm very happy. >> guys, it's going to get a
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little hot, see all the dinosaurs. but the sun will come out tomorrow. >> we'll make it through. you won't but somebody else will. charles payne, bottom line is this is going to go nowhere. you get keystone, you don't get fracking. in the end, you won't get squat. >> we will get fracking, to ben's point. >> i know we have to, but it's not a gimme. >> i agree we will. we are. >> and life is good. >> it's all about shale oil. >> sure. all's good. up next, mary poppins. no, no, my thanks to charlie and dagen. up next, the market may be soaring but charles payne, any buddy, is roaring. his stocks are up 60%. he's got some more goodies. ok, i am coming. [ susan ] i hate that the reason we're always stopping
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is because i havto go to the bathroom. and when we're sitting in traffic, i worry i'lhave an accident. be right back. so toda i'm finally going to talk to my doctor about overactivbladder symptoms. [ fema announc ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill day significantly reduces suen urges and accidents for 24 hours. if you have certain stomach problemsr glaucoma, or cannot empty your bladder, u should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness, and dreased sweating. do not drive, operate machinery oro unsafe tasks until you know how toaz affects you. the most common side effects are dry mouth and constipation. [ susan ] today, i'm visiting my son without visiting every single bathroom. [ female aouncer ] today,k to your doctor is
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. no payne no gain. three new picks by charles who's on fire. >> first u-haul i think will improve as the economy improves. undervalued, love it, love thee ceo. also magna. this is a company most people don't know about, a chip company. smartphone, samsung, they're in there, stock looks great. tempurpedic, i cannot believe the stock is as low as it is. earnings estimates are going up, insiders are buying back gobs of stock and it looks extraordinarily cheap. >> adam, what do you think? >> love the first two, i think tempurpedicing is very expensive, wouldn't touch it. >> ben? >> if it's on the verge of a major breakout, why doesn't the
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rest of the world know 0 it and buy the stock? >> because they're not as smart as charles. >> you're atching the place for all things business, fox. so call it the summer of the sell. despite the massive premium hikes, the president's health care laws is cause, the obama administration is kicking off a sirm long tour to push and promote it. maybe they should stop 0 at one doctor's office in maine. he has a great plan that avoids insurance altogether. he posts his prices, specific prices, online so patients can actually see what they pay for out of pocket. and he says it's a free market fix to the nation's exploding medical costs. is he right, or is he wrong? hi, everybody, i'm david as man. welcome to forbes on fox. let's go in focus with mr. steve forbes, ricking unger, richard karl guard, elizabeth

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