tv Cavuto on Business FOX Business June 2, 2013 8:30am-9:01am EDT
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stock until he switches back. >> john, single-handedly consumed more coors light in the history than corado. >> talk out cold beer, we've got the heat c 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 re meeting with attorney general eric holder to discuss ironically this whole secrecy mess, and i quote, petus asked ag to review lea investigatns are done but some in the media refuse to meet wth him. so many news organizations still opted ou maybe they all decided this bull
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countrying has ge on long enough. to ben stein, charles payne, that tweet says volumes. >> just another example of the strong-arm tactics. everybody shou know it's bad news and it dovetails io what we've seen. hhs seetary going after companies toegegulate companies they ask fmoney. of course they'll give it u the irs being wielded around ke 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 coup 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 ffee
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and crumts and tea and be friendly, however you c't talk about anything we said, how does that suddenly make him into a nice guy? the whole purpose of the media keep them a secret. things and it sort of betrays a misunderstanding owhat media is. media is to connect the government with the people. if you have a break in the connection, it's not reay the media anymore. >> the bigger optic problem here, i guess, is you've had it with oursecrecy. let's have a secret meeting to discs 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 ce to me all the time and say, can we just talk off the record? i sit down and listeno 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 forgethe minute -- your secrecy, i won't divulge the sour, but i think there's somethg 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 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 rth -- maybe adam agrees with me -- sitting down aad listening to somebody. even ithey're complete thugs like these guys. >> well -- >> this is the point. >> wait a second. >> i've dealt with thugs my entire careerjust so you kn. >> the problem with -- with all due respect, i understand your point of vieand ve done it, too, as a media person, said, are you talking off the record? if this is about being secretive, how 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 nastyver-the-top thing to say. >> sure, sure. >> the person in charge of that cincinti oice has just been promoted. it keeps the scene where this thing was haening 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" dot you understand here? in other words, they keep doing this stuff and compounding the sin by continuing to r sin. >> becse 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 t day treat me like utter dirt and
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then try and make amends by calling me in to have tea d crumpets and it's all offhe record. >> i've had people call with -- >> it would take a lot more than crumpets to buyou 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 kha atalked ed attacd me, tried to get me fired. i sit do 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 nearpig manu farm, and i can smell it in th roo if somebody tries to muzzle me, i'm not going to go into a meeting and t them mudz elle me. >> i will sit wn and listen t them. that's called being a reporter. >> i'm just saying if they're tryingo 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 t just off the record, this is just off the wall. it's just crazy behavior. >> i thi 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 executiv 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 jrnalists 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 whi 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 ha all kinds of conversations to try to work out problem >> 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 la a journalist a criminal for tryi do his job. it's called the first amendment and they're not honoring it or tryi to enforce it. and shame on them. >> pig manure. >> can i go to 0 a break? >> yeah. up next --
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additional $14 airfare tax on every flight. it 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 doug went first. >> who knows. you know what it kind of reminds me of, 1977 the blackout in new york city, my neighborho 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 hoste by the airlines and they want a piece of the action. >> lisn 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 t rest of the pee-ones >> is that the o where a bunch of people get on tether 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 nghtmare, it's a joke, it takes forever and the lines are forever. and it's dusty and miserable so the idea that theye going to improve the travel experience by wrecking and mucking up the airports, that almo ae's almost >> 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 st layer upon layer of fees and taxes in every -- up to like a quarter o an airline ticket can just be fees and taxes. i don't really thin 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. thers never a lockbox. >> i guess i was. >>ou're right. it goes into a slush fund and it's never usedfor the intded purpose, which is why is is a joke. >> okay. adam, what do you make of that? all. look, we have -- we are not seeing the forest for e trees here. we have an airline system in our country that works extremely well. so many people travel so efficientlfor 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 syst survive. >> ocourse 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 rking. >> everybody drops a a tude her >> all i wanted to say don'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 do. >> a very reonable bill. >> i'm man of the people. i'm a man of the people and i go through my ticket and go line by li a 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 taxe is 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 sto tin 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 spendin 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 bexing people, not taking their money through lotteries. you're right. >> i don't want to get sideacked 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, might just make you look politically correct to say this is going to improve our airport security,oing 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 le it. it's their choice. >> you think the flier has a choice? >> yeah, e flier has a choice take the train. >> sure, don'tgo. >> take a tin? >> hitchhike? >> i just hope -- >> how is that going to work going from nw york to londo >> how does that work going new york to l.a.? >> that's right. >> i just hope th 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, payin your kids green to eat more greens. supermodel heidi klulum isoing it and some of the forbes ganginare saying it's a bad idea. that's comi up at the t of the hour. up next, a new round of up next, a new round of keystone protest is [ male annocer ] summer is here. and so too is the summer event. now gean incredible offer on the powerful, efficient c250 sport sedan with an agility control sport-tuned suspension.
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. you might wa to get this straight because i can't. the green cwd at it again demaing the president block the keystone pipeline. this has more antih-fracking las are getting more ention. >> these are the same loons that are occupy walltreet and don't have jobs. this is how you create jobs, lower energy prices, shovel-ready jobs. >> dagen, i think it's a way 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 usfine right now. >> charles? >> i tell you what, it's going to back fire. coal is already staing to
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increase. environmentalists, would you like cl or natural ga?3 c1 would u like jobs, higher tax levels? these guys are ts. 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 hypervtilate over this. first of all, gas prices are about ere they wer a year ago, keystone will go through eventually. everything dagen said is very validd we're in good shape here. noeed 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 com 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 t 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 aut shale l. >> sure. all's good. up next, mary poppin no, no, my thanks to charlie a dagen. up next, t market may be soaring but charles payne, any buddy, i roaring. his stocks are up 60%. alec, for this mission i upgraded yo smart phone.
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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. undervalue love it, love thee ceo. also magna. this is a company mos people don't know about, a chip company. smartphone, samsung, they're in ther stock looks great. tempurpedic, i cannot believe the stock is as low as it is. earnings estimate are going up, insiders are buying back gobs of stock and it looks exaordinarily 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 thstock? >> 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 masve premium hikes, the prident's health care laws is cause, the obama adminiration 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 insurancealtogether. 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 heright, 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 mcdonald
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