tv Cavuto on Business FOX Business June 16, 2013 8:30am-9:01am EDT
8:30 am
they're missing debt payments. lend your money to states that ha the tax pay. california muni bonds. >> tob >> i'm a total bear. if you read meredith whitney's great book, you wldn't put a penny into california muni bonds. cavuto is next. >> well, tey might be watching you. is it time to start watching them? hi, everyone. glad to have you. i'm neil cavuto. and watchut because apparently washington does not want you finding out much at all about this nsa snooping. senators closinghe door on another sure briefing this week. let me say thats what's pretty weak. doesn't the public deserve better? who's going to save them? not this man of steelho might be smashing box fice records this weekend. yeah, this man of steel wants to smash down thosdoors of taxpayers everhere. why are they laughin
8:31 am
which one these will have theirs? you look good, neil. >> to our superheroes, ben stein along with these two. adam, charlie gasparino. what do you think? >> the secret meetings about the secret recorngs that the 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 what they did. we deserve answers. if there's sensitive things, that's one thing. i think it's an afont. i think these guys have contempt for the american pele, contempt for the constitution. i think they just don't care. >> i think it's a delicate balance when you're dealing with national security. and i would rather these briefings bebehind closed doors. and ift mes that i don't know some things about it, th's aood thing beuse it
8:32 am
meanthat the terrosts don't know some things about it. i don't have a problem with them. >> what do youmake it? some argue the terrorists are finding other ways around this thanks to the leaks. what do you think? >> we know that terrorists are inding other ways around it. all we have to say is boston or london to know that. it is a very delicate balance. and of course, we don't ever wt another 9/11 or anything remotely close to it. he could lten to phone calls and see the e-mails of every person in the wld, especially every person in the united states. that is a terrifying situation. and the terrorists accomplished far worse than we d first thought. >>hichgeneral alexander in his testimony this past week of the nsa denied. he saidhat was false. >> gasparina. >> don't believe everything here is like top secret. i mean, i think there is a degree of information that we
8:33 am
can get out of this that, y ow, does not violate social security concerns. and i think, isten. when you havehis much problems from this administration, i really do worry about this administration when it's james rosen, when it's the irs, when it's this stuff. i'm a reporter. i can put three trendsogether and come up with a story. iorry about e story about this administration. an we shou be -- we should at least have some insig into this stuff. some insight. >> adam. >> i'll tr to cut the balance between 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 nation secuty. if there's one instance where we agree that let's let them have their conversations in secret and then absolutely report their findings -- >>why is the information that this guy snowden said about you can listen into calls, why is tht national security?
8:34 am
that's not national security. that's an affront our individual freedoms. >> this is the beauty of our system. you don't ha to like congress. i know most of us don't. but our elected representatives -- >> answer that question. do you think that's a national -- >> i d't think that's -- >> with respect to that question, which is what gives these guys the right to listen to every conversation in america in and general alexander said he's not allowed to do it, obviously the guy's doing a lot of stuff he's's not allowed to . >> why does it violate our national security interests? >> why should taxpaye pay for it? a lot of people expressed no surprise, this was going on. many senors have different points of 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 wes taxpayers want an okay on this
8:35 am
in the name of defending our lives? >> but to your point, wt is this? what are we okay if we don't know? what are we okaying? >> absolutely. absolutely. >> it's a national security ncern. everything. >> the f that you're basing this on the wd of some, well, g who has fled to hong kong -- >> that's why they should come o and let us listen to some of this. in washington they don't know. >> 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 at. i'm not saying necessarily that they're up to nerious purposes. i think what i'm getting at, that's the step before you do wiretap. thais the step befo youo start listening in cal. so people say no, no, these are jus records piled on someone's desk or a computer. the next step is >> i remember when that006 sto broke.
8:36 am
calling from "usa day" broke e story. it was a great scoop, but it wasn't his. and yes, and i will tell you this. getting probable cause to tap a phone is very easy. i knothat for a fact. i wrote a book large based on that stuff. when they talk about there's, like, y he to go to a judge and all this stuff, those are rubber-stamp decisions, i'm tellg you. >> ben stein. >> okay. last week, i think charles payne said the smartest thing ever anyone's said on the show. he said 170 million calls to yemen, that's what they're checking on, 170 million calls to men. th second tng is, does anyone really seriously believe they're just going to get the records -- the phone number of who called d the caller and n liste in on the calls? i mean, give me a break. >> it's so easy to listen on the call. >> i beeve that they're coecting these phone call records andhey're running a algorithms on them on vast amounts of data looking for patterns just like they do in credit card records.
8:37 am
>> you don't think they, then, listen to the phone calls? >> i think they would go thrgh the proper channelsand there are also checks and balances in place. >> they never turn it down. >this is where agree with whatdagen. it is being investigated. it's not something that should be investigated with sh listening. >> exactly. you jt re my mind. no one would an investigator. >> thisone alged t, we wouldn't know anything. because of all that security. >> like the likesf google and facebook, push back on tse government requests. they've come out and said that. >>ally. >> by the way -- >> sohey say. >> -- the old guys discovered something called a backbone. >> i'll trust google and facebook over that doofus who's hong kong any da >> really? i trust the guy in hong kong. >> i do, too. >> i wish we had more time.
8:38 am
8:39 am
8:40 am
unlike most copd medications, advair contns both an anti-inflammary and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace ast-acting inhalers for sudden symptoms and should not bused more than twice a da people with copd taking advair may have a higher chance of pneumonia. advair may incrse your risk of osteorosis some eye prlems. tell your doctor if you have a heart condition or high blood pressure foreakinadvair ask your doctor if including advair could help improveour lung function. [ me announcer ] advair diskus fluticasone propionate and salmeterol inhalation powder. get your first prescription free and save on refills at advaircopd.com.
8:41 am
bjorn earns unlimited res for his small business take tseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited rerd here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze bton? this might have you burning. i'm not talking about egyptian protesters burning the american flag.
8:42 am
i am talking about an egyian politician saying the following during a meeting he thought was closed to the press. and i quote here. "i'm very fond of battles with the enemies, of course with amica and israel." never mind we just gave his country $1.3 billn in milary aid. and i think we're up to $10 billion now for this very shaky ruling government. charles payne, that's a slap in the face. >> oh, my gosh. but we've been getting slapped in the face since the eof world war ii. we've given away a trillion dollars to help countries around the world. our soldiers have fought and died around the world. we alwayget this nd of push b pushback. it's amazing. there's so much you can do. we're a judeo-christian nation. we believe in helpi each other, we believe in helping out others. this kind of ca has got to comwith strings attached. this is ridiculous.
8:43 am
>> you have to see that meeting. a lot of people think of him as an errant oosition leader. he's saying outlandishstuff. they're all nodding their head. and it's really like er the top. >> it was real shocking, frankly. and maybe now's the time to do a cost befit analysis of what we're getting for our money out of egypt. >> w never do. >> but now is the time to do it, don't you think. >> before a need does serve a purpose,we have some relationship. this is a vital part of the world. >> as long as aid keeps coming. >> right. >> what we get for it, charle? >> it's not iran yet. we d't get stability. we get some degree. >> about desperately tryin buy our friends, but to put a deposit on their tred? come on. >> well, i mean, look. by the way, if we base decisions on what every, you know, numbnut member of any legislature
8:44 am
including our ownys, you know, we'd be on pretty thin ground here. let's just remember -- >> we don't have money to give away anyway. i'm not saying have to do this in the interest of the united states. if we are hoping to provide stability that it's ultimate in o interest and we'reot getting that because the countries we're giving it to a no big fans of ours, then why coinue diggi a deeper hole? >> well, and i think the first part of your statement is the crical part. we give them that money for our interests. and we' 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. >> couldsave a lot of drama for the cost benit analysis now. zero. nothin's coming up here. nothing, nothing and nothing. ben stein. >> we have been giving aid to these arab countries for a very, very long time. they almost all hate us. i think the interesting question is we'reoing to keep it for a
8:45 am
long time. like charles said, it's not iran. we'll give them any amount to become notot iran. >>f that's your litmus test, who's next? mozambique? >> it's a pretty good litmus test. it's better than the alternat e alternative. >> no the alternative is giving nothing. we can't give them nothin then they'll hate us evenore. $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 the shah. 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 them do n flip over. i'm thinking we could do these cost benefit analysis up the yin yang the fact of the matter is, we are now in a position where we don't have the money to do this, and nowe've got to sort of size up, all right, what are we getting for this? bang for the buck but not the
8:46 am
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 inatitude if you walk down the street in israel and talk about the unitedtates and what we've given them. israelites start to cry with gratitude, literally cry with attitude. >> that's israel. we're talking about egypt. >> how much money are we talking about here? it's not tt much money. >> egypt sent dat over $100 billion including the forgiveness. >> by the way, we had a friend in that part of t world. we bought them off. >> a few decades -- no, no, hear that out. a few decades of relative peace or stabity in our mind. >> right. i think i was rth it. and by the way, they're still kind of a friend. i don't know. there not around yet. >> they're sort of a friend. >> i don't kno listen, it's a delicate balance. who said th earlier? >> i did. out national security.
8:47 am
>> all of these people sicken me. >> not me. >> hey liste you know what? i guess the only way you can relate it is i have some relatives i ve money to, and they still don't think i give them enough >> just don't give it to them. whoa, whoa! this is a good point. why do you still give it to them? >> i guess peace and stability. >> okay. >> therere you go. okay. >> dicate balance. >> he wants a relationshipwith them. >> no, i don't want a relationship with them. that why i give t them money. they wait a while before they ask again. >> this is the equivalent of them sitting around bad-mthing you and forgetting to hang the phone up. and youou overhear it. >> you want stability >> i'm right. >> we will see. gasparino, you really -- i hope your book fails miserably. > forget targeting consvatives. try taking millions of medical records. why an investigation against the irs has the forbes gang really worried about this health care
8:48 am
la that's at the top of the hour. but upext -- >> what the hell happened to my car? >> i don't know, man, but the good news is is is it doesn't look all that bad, brian. look all that bad, brian. it's just that spot r there is a pursuit we all share. a better life for your family, a better opportunity for your business, a better legacy a betto leave the world.amily, we have always believed in this purst, striving to bring insight to every investment, and ingrity to every plan. we are morgan stanley. and we're read to work for you.
8:51 am
8:52 am
or texting at the time of the wreck. adam, what do you make of at? >> well, you know, this is a good example of where you c think government does a good on one hand and on the other hand wanting to protect us from our gornment. i tink they ha every right to -- >> is it a delicate balance? >> -- right before we were in a cra. they don't have the right to rifle through our phones and look at all of our records. >> wait a minute. you just were okay with them collecting our phone records. andnow if they take the phone, now you get all upset. >> who knows what's o that phone? >> no, if they have probable cause, they can go aheadnd try to find out scifically if we were texting right wh that happened. the technology allows it. iit esn't, we need to devel the technology. but i don't want some cop -- >> what do you makeof that? >> i make of it tha i have been crashed into repeatedly by girls who are applying makeup or me who were texting -- >> or fans. anything to get you out. >> or ns, right. ii would like them to be able t examine, see if people have been texting.
8:53 am
texting while driving is an absolute outrage, ddisgrace to huanity. >> but charles payne, everyone has their cell phone in their car. so are you going to instantly concle if you're a law officer, well, i'm going to check the phone. >> the slippery slope argument is there. adam's talked about probable cause. can you imagine in new jersey we're going start seeing high-speed chases? we're going to start seng the gun and the cell phone go out the window? what the heckis goingon? >> in new jersey, it's impossible to have a high-speed che. >> with all the traffic. 25 and 30. >> if it's raing, you get out and run. >> you n't have to worry about that. but it is an ovstep, isn't it, charles? >> wait a second. i've got to text sweet cheeks over here. you know, listen. i do think this is about the law. probable cause is one of the easiest things to create if official.law enforcent do worry about this sort of stuff. listen.
8:54 am
it's like if you bump intoen stein, if you crash in ben stein, you know, arrest him f crashing io ben stein. not for possibly using this text -- >> exactly. >> texting. >> if you're the cause of the accident, yu're t cause of the accident. i find thito be a huge personal invasion of privacy. >> you're anoer one. >> it's way more complicated than that. >> you have no problem -- adam? i' telling you. i'm just telling you. last week's show tape, look at it. >> no, i heard. >> i'm kidding. look at what you're sing. it doesn't jibe with what you're saying about being perfectly fine with them, you know, taking your phone records. >> because they're taking a whole mass of phonecalls. >> and for no reason. >> and they're running algorithms on them looking for patterns that i'm not involved in. >> don't you staoing that algorithm thing with me. i don't know what that is. thisis dangerous and you know it. >> it's our nation'suty and our government's duty to ptect
8:55 am
al citizens. it is not some cop's duty in new jersey to rifle through my purse looking for my phone. >> go ahead. >> it's more important than that. it's not a delicate balance because the peron who crashes into me is going toay no, i wasn't doing anything wron ben stein stopped short. >> if you stop short, ben, it's still not your fault. if you stop and they rear end you, it's not your fault. >> she's going to say it's ben stein's fault. or h's going to say it's ben stein's fault and they' going to look at theext and say you weren't paying attention. >> you can look aty cell phone if i get to frisk the cop. there. >> supposedly, you're done. charliegasparino, thank you both very much. many, many people are lling money out of stock f
8:56 am
my mother made the best toee in the world. it delious. so now we've turned her toffee into a business. my goal was to take an ide and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business d launchheir dres. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put t law on your side.
8:57 am
andwhere sleeplesnightsg.eam yield to restful sleep,e and lunesteszopiclone can help you get there, like it has for so many people before. do not take lunesta if you are allergic to anything in it. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving or engaging in other activities while asleep without rembering it the next day have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, llucinations or nfusion. including risk ofies, wosuicid may occur.sion, alcohol y increase these risks. allergic reactions such as tongue or throat swelling occur rarely and maye fatal. de effects may include unpleasant taste, headache, dizziness and morning drowsiness. ask your doctor if lunesta is right for you.
8:59 am
our gang says dn't follow the crowd. follow their money-making picks instead. charlie. >> me axle should be called global axl a turnaround play hot stock. >> adam? >> ibm. this is a solid grower. it's extremely inexpensive. a technology stalwart. this is the time to buy and hold these types of names. >> ben, what do yowant to hang on to? rqi has been slammed by the dividend pullback. but it alwa comes back. and in the antime, it has a good dividend.
9:00 am
>> all right. good picks. i have no idea. i mean, hopefully they will be good picks. in the meantime, we continue. 30 minutes in. hope springs eterl. forget about the nsa. it's the irs that should have you really worried. the tax man accused o seizing tens of millions of private medical records. now lawmakers are launching an investigation. and this comes amid anoth report tt the irs just canceled a controversial order for spying equipment. like secret cameras an office plans, coffee trays, ev clock radios. well, no wonder. more than three out of four americans now say theirs should not enforce the health care law. so do the overwhelming majority of you have it right? hi, everybody, i'm david asman. welcome. let's go in focus with steve forbes, elizabeth mcdonald, rich carl, rick unger
102 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on