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tv   Cavuto on Business  FOX Business  June 16, 2013 1:30am-2:01am EDT

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lend your money to states that have theax pay. california muni bonds. >> toby. >> i'm a total bear. if you read meredith whitney's great book, you wouldn't put a penny into california muni bonds. cavuto is next. >> well, they mighbe watching you. is it ti to start watchi them? hi, eone. glad to have you. i'm neil cavuto. and watch out because apparently washington does not want you finding out much at all abo this nsa snooping. senators closing the door on another secure briefing this week. let me say that is what's pretty weak. doesn'tthe public deserve better? who's going to save them? not this man of steel who might be smashing box office rords is weekend. yeah, this man of steel wants to smash down those doors of taxpayers erywhere. why are they lghing?
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which one of these will have theirs? you look goodne. >> to our superheroes, ben stein along with these two. adam, charl gasparino. what do you think? >> the sect meetings about the sret recordings tt th american people still aren't sure about, listen. at some point we should get something more than just a memo from the nsa telling them wat they did. we deserve answers. if there's sensitive things, that's one thg. i thin it's an affront. i think these guys have contempt for the amecan people, contempt for the constitution. i think they just don't ca. >> i think it's a delicate balance when you're dealing with national security. and i would rather these briefings b behind closed doors. and if it means that i don't know some things about it, that's a good thing because it means the terroris don't
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know some things about it. i do't have a problem wi them. >> what doou ma of it? some argue the terrorists are finding other ways around this thanks to the lea. what do you think? >> we know that terrorists are finding other ways around it. all we have toay is bton or london to know that. it is aery delice balanc and of course, we don't ever want another 9/11 or anything remotely close to it. he could listen to phone calls and se the e-mails of every person in the wld, especially every personn the united states. at is a terrifying situation. and the terrorists accomplished far worse than we had first thoug. >> which generallexander in his testimony this past week of the nsa denied. he said that was false. >> gasparina. >> i don't believe everything here is like top secret. i mean, i think there is a degr of information that we can getut of this that, you
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know, does not violate social security concerns. and i think, listen. hen you have this much problems from this administration i really do worry about this administration en it's james osen, when it's the irs, when it's this stuff. i'm a reporter. i can put three trends together and come up with a story. i worry about the story about this administration. and we should be -- we should at least have some insight into this stuff. some insight. >> adam. >> i'll try to cut the balance beten charles and charlie here. i'm a reporter, too. i always favor openness. you know, we, of course, charles, we deserve answers here. but this is national security. if there's one instance where we can agree that let's let them have their conversations in ret and then absolutely report their findings - >> why is the informati that this guy snowden said about you can listen into calls, why is that national security?
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that's not national security. that's a affront to our individual freedoms. >> this is the beauty of our system. u don't have to like congress. i knomost of us don't. but our elected representatives -- >> answer that question. do you think that's a tional -- >> i don't think that's -- >> with respect to that question, which is what gives these guys the righto list to every conversation in america and general alexander said he's not allowed to d it, obviously the guy's doing a lot of stuff he's not allowed do. >> why does it violate our national security interests? >> why should taxpayers pay for it? lot of peopl expressed no surprise, this was going on. many senators have different points o view on this. when i told them the president said you knew about this, he said, well, i didn't. so now it comes to do we as taxpayersant an okay on this
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in the name of defending our lives? >> but to your point, what is this? what are we okay if we don't know? what are we okaying? >> absolutely. absolutely. >>it's a national security concern. everything. >> the fact that you're basing this on the word of some, well, guy who has fled to hong kong-- >> that's why they should come out and let us lsten to some of this. in washington they don't knw. >> i think we know a lot about it -- "usa today" wrote about it back in 2006 when we first knew about it. >> a friend of mine broke - -- >> you might be perfectly fine with that. i'm not saying necessarily that they're up to nefarious purposes. i think what i'm getting at, that's the step before you do wiretap. that is the step before you do start listening into calls. so pele say no, no, these are just rords piled on someone's desk or a computer. the next step is. >> i remember when that 2006 story broke.
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calling from "usatoday" broke the story. it was a great scoop, but it wasn't this. and yes, and i will tell you this. getting probable cause to tap a phone is ver easy. know that for a fact. i wrote a book largely based on that stuff. hen they talk about there's, like, you have to go to a judge and all this stuff, those are rubbestamp decisions, i'm telling u. >> ben stein. >> okay. last wee i ink charles payne said the smartest thing ever anyone's said on the show. he said 170 million calls to yemen, that's wat they're checking on, 170 million calls to yemen. the second thing is, does anyone really seriously believe they're just going to get the records -- the phoneumber of who called and the caller and not listen in on the calls? i ean, give me a break. >> it's so ea to listen in on the call. >> i do believe that they're coecting these phone call records and they're running a algorithms on them on vast amounts of data looking for patterns st likee they do in cred card records.
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>> you don't think they,hen, listeno the phone calls? >> i think they would go through the proper channels and there e also checks and balances in place. >> they never turn it down. >> this is where i agree with what dagen. it is being investigated. 's not somethi that should be investigated with sh listening. >> actly. youust read my mind. no one would bean investigator. >> this one alleged nut, we wouldn't know anything. becausef althat security. >> like the likes of google and facebook, push back on these government requests. they've come out and said that. >> finally. >> by the way -- >> so they say. >> -- the old guys discovered something called a backbe. >> i'll trust goog and facebook over that doofus who's in hong kong any day. >> really? i trust the gu in hong kong. >> i do, too. >> i wish we had more time.
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blessedly, we do not know. but if this wasn't enough to stop washington from sendin your money over there, something from this week might get lawmakers' attention because it
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this might have you burning. i'm not talking abut egyptian protesters burning the american flag.
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i am talking about an egyptian politician saying the following during a meetin he thought was closed to the press. and i quote here. "i'm ver fond of battles with the enemi, of course with america and israe" never mind we just gave his country $1.3 billion in military aid. and i think we're up to $10 billion now for this very shaky ruling government. charles payne, th's a slap in the face. >> oh, my gosh. but we've been getting slapped in the face since the end of world war ii. we'veiven away a trillion dollarto help countries around the world. r soldiers have fought and died around the world. we always get th kind of push pushback. it's amazing. there's so much you can do. we're a judeo-christian nation. we believe in helping each other, believe in helping out others. this kind of cash has got to come with strings attached. this is ridiculous.
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>> you have toee that eeting. a lot of people think of him as an errant opposition leader. he's sayingoutlandish uff. they'rell nodding their head. and it's really like over the top >> it was really shocking, frankly. and maybe now's the time to do a cost benefit analysis of what we're getting for our money out of egypt. >> we never do. >> but now is the time to do it, don't yo think. >> before a need does serve a purpose, we havsome relationship. this is a vital part of the world. >> as long as aid keeps coming. >> right. >> what do we get for it, charlie? >> it's not ir yet. we don't get stability. we get some degree. >> about desperately trying to buy our friends, but to put a deposit on their hatred? come on. >> well, i mean, look. by the way, if we base decisions on what every, you know, numbnut member of any legislature
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includingg our own says, you know, we'd be on pretty thin ground here. let's jt remember -- >> we don't have money to give away anyway. i'm not saying we have to do this in the interest of the united states. if we a hoping to provide stability that it's ultimately in our interest and we're not getting that because the countries we're giving it to are no big fans of ours, then why coinue digging a deeper hole? >> well, and i think the first part of your statement is the critical part. we give them that money for our interests. and we're playing long ball. you know, we can't -- i mean, sure, we should examine it. we should do a cost benefit analysis. but we make investments here for decades. >> i could save a lot of drama for the cost benefit analysis now. zero. nothing's coming up here. nothing, nothing and nothing. ben stein. >> we have been givg aid to these arab countries for a very, very long time. they almost all hate us. i think the interesting question is wre going to keep it for a
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long time. like charles said, it's not iran. we'll give them any amount to become n in. >> if that's your litmus test, mozambique? >> it's a pretty good litmus test. it's better than the alternat e alternative. >> no the alteative is giving nothing. >> we can't give them nothing, then they'll hate us even more. $1.3 billion is a drop in the bucket. >> we had given iran a whole lot of money when the shah was in power. >> carter got rid of t ah. if carter had stood up to the shah, it would be a whole different world. >> we've got a lot in foreign aid. we've got a lot of countries -- many of themdo not flip over. i'm thinking we could do these cost benefit analys up the yin yang. the fact of the matter is, we e now in a position where we don't have the money to do this, and now we've got to rt of size up, all right, what are we getting for this? bangor the buck but not the
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kind of bang we wanted. >> take it, pull it away and see what happens. >> you know, i can tell you it is not a world of total ingratitude if you walk downhe street in israel and talalk abo the united states and what we've given them. israelites start to cry with gratitude, literally cry with attitude. >> that's israe we're talkg about egypt. >> how much money are we talking about here? it's not that much money. >> egypt sent sadat over $100 billion including the forgiveness. >> by the way, we had a friend in that parof the world. we bought them off. >> a few decades -- no, no, hear thatout. a few decades of relative peace or stability in our mi. >> right i think it was worth it. and by the way, they're still kind of a friend. i don't know. they're not around ye >> they're sort of friend. i don't know. listen,t's a delicate balance. who said that earlier? >> i did. about national security. >> all of these peopleicken
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me. >> not me >>hey, listen. you kno what? i guess the only way you can relate it is i have some relatives i give money to, and they still don't think i gi them enough. >> just don't give it to them. hoa, whoa! this is a good point. why do you still give it to them? >> i guess peace and stability. >> okay. >> there u go. okay. >> delicate balance. >> he wants a relationshipwith them. >> no, i don't want a retionship with them. that's why i give them money. they wait a while before they ask again. >> this is the equivalent of them sitting around bad-mouthing you and fgetting to hang the phone up. and you overhear it. >> you want stability. >> i'm right. >> we will s. gasparino, you really -- i hope your book fails miserably. forget targeting conservatives. try taking millions o medical records. why an investigation again the irs has the forbes gang really worried about this health care law.
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thas at the top of the hour. but up next -- >> what the hell happened to my car? >> ion't kn, man, but the good ne is is it doesn't look a that bad, brian. it's just that sp r
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fasten your seat belts and put away thatell phone. the new jersey state legislare deting a bill that would allow police ofcers to look at your cell phone if you get into an accident. supporters want to make sure that you really weren't chatting or texting at the time of the
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wreck. adam, what do you ma of that? >> well, you know, this is a good example of ere you can thk government does a good on one hand and on the otherand wanng to protect us from our government. ihink they have every right to -- >> is it a delicate balance? -- right before we were in a crash. theyon't have the right to rifle through our ones and look at all of our recor. >> wait a minute. you just were okay with them collecting our phone records. d now if they take the phone, now you get all et. >> who knows at's on that phone? no, if they have probable cause, they can go ahead and try to find out specifically if we were texting right when that happened. the technology allows it. if it doesn't, we need to velop the technology. but i'tant some cop -- >> what do you make th >> make of it that i have been crashed into repeatedly by girls who are applying makeup or men who were texting -- >> or fans. anything toet you out. >> or fans, right i would like them to be able to examine, see if people have been texting.
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texting while driving is an absolute outrag disgrace to humanity. >> b charles payne, everyone has eir cell phone in their car. so are you going to instantly conclude if youre a law officer, well, i'm going to check the phone. >the sppe slope argument is ther adam's talked about probable cause. can you imagine in new jersey we're going to start seeing highpeed chases? we're going to start seeing the gun and the cell phone go out the window? what the heck is going on? >> in new jersey, it's impossible to have a high-speed chase. >> with all thetraffic. 25 and 30. >> if it's raining, you get out and run. >> you don have to worry about that. but it is an overstep, isn't it, harles? >> wait a second. i've got to text sweet cheeks over he. you know, listen. i do think this is about the law. probable cause is one of the easiestthings to create if you're a law enforment official. i do worry about this sort of stf. listen. it's like if you bump into ben
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stein, if you crash in ben stein, you know, arrest him for crashing into ben stein. not for possibly using this text -- >> exactly. >> textg. >> if you'ree cause of the accident, you'rerehe cause of the accident. i find this to be a huge personal invasion of privy. >> you're another one. >> it's way more complicated than tha >> you have no proble-- adam? i'm telli you. i'm ju telling you. lt week's show tape, look at it. >> n i heard >> i'm kidng. look at what you're saying. it doesn't jibe with what you're sang about b perfectly fine with them, you know, taking your phone recos. >> because they're taking a whole mass of phone calls. >> and for no reason. >> and they're running algorithms on them looking for patterns th i'm not involved . >> don'tou start doing that algorithm thing with me. i don't know what that is. this is dangerous andou know it. >> it's ournation's duty and ur goernment's duty to protect
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all citizens it isot some coputy in new jersey to rifle through my purse looking for my phone. >> go ahead. >> it's moremportant than that. it's not a delicate balance because the person who crashes into me is going to say no, i wasn't doing anything wrong. ben stein topped short. >> if you stop short, ben, it's still not your fault. if you stop d they rear end you, it's t your fault. >> she's going to say it's ben stein's fault. or he's goi to s it's ben stein's fault and they're going to l look at theext and say you ween't ping attention. >> yo can look at my cell phone if get to frisk the cop. there. >> supposedly, you're done. charlie gasparino, thank you both very much man many people are pulling money out of stock f
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>> our gang says don't follow the crowd. follow their money-making picks instead. chararlie. >> mesh axle should be called global axe. a turnaround play hot stock. >> adam? >> ibm. this is a solid grower. is extremely inexpensive. a technology stalwart. this is the time to buy and hold these types of names. >> ben, what do you want to hang on to? >> rqi has been slammed by the dividend pullback. but it always comes back. and in the meantime, it has a good dividend.
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>> all right. good picks. i have no ea. i mean, hopeful thewill be good piks. in the meantime, weontie. 30 minutes in. hope springs eternal. forget about the nsa. it's the irs that should ha you really worried. the tax man accused of seizing tens of milons ofrivate medical records. now lawmakers are launching an ininvestigation. and this comes amid another report that the irs just canceled a controversial order for spying equipment. like secret cameras and office plans, coffee trays, even clock radios. well, no wonder more than three out four americans now say the irs sould not enforce the health care law. so do the overwhelming major of you have it right? hi, everybody, i'm david asman. welcome. let's go in focus with steve forbes, elizabe mcdonald, rich carl, rick ung a

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