tv Cavuto FOX Business June 22, 2013 6:00pm-7:01pm EDT
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>> who do you trust from the leader you are supposed to trust may be can'he trusted? president obama: when it comes to telephone calls nobody listening to your telephone calls. that is not for this proam is about. charles: tonight the proof the govement is listening in and th's exactly what the nsa program is all abt. welcome, everybody, i'm charles payne in for neil cavut the documen sho the nsa is listening in on phone calls and collecting e-mails from ordiry americans andorse yet it is holding onto these recordings for five years. reason magazine says it is tough to trust the government saying
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one thing and doing another. it seems like every day some new news comes out that just totally belies what we hear from the president. >> absolutely. we are not listening to phone calls isn't actually the original answer to the original question. the original questn is can you listen to america's phone calls. he was asked again, it w do you kn the phone calls. they say that is not something we do. it is not something we are for. everybody seems to be doing the fact this is something they are capable of and something ey do. the documents into the gudian, basically what they said was occasionally nsa analysts listen to american phone calls and they don't just, they pick up a conversation, they listen to americans, they
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don't just stop listening when they pick up an american conversation. the protocol says listen to the coersation as los you ed to to determine ift is impoant. is stiil collected, the phone call is still collected and held for five years. charles: everyone can agree a lot of phone calls coming into my house fm yemen or the mountains of afghanistan i should ba target maybe you want to delve a little deeper into what i am doing but if i call my cousin a coue of times in the phone call is picked up, there should be a distinction, it shouldn't beo hard to understand americans want safety and we care about this but there should be a line in the sand as well. >> to ople who say it shouldn't matter to you or you don't care, there are a couple of obvious good rsponses. the federal government in congress have been adding an new crime per week to the code for the last several decades. there is ahanceou are a
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criminal charles: that is atat ve never heard before. we got the house over criminalization committee loing at rolling back deral law. basically said at a hearing last week on average because we now have approximately 4500 laws in the federal code that on average the congress h been adding about a law per week or a crime per week for the last several decades. when you thinkbout all the possibilities for someo to commit a crime abt any crimin intent you should be nervous about e government having access to your private communications. on the other hand, if you don't care about listening to your phone calls, is there anything you care about them seeing? i have shades on my window, a lock on my front door. charles: some people value privacy just because they value privy, not because they are trying to hide anything. what do you make of the pr effort this week, 50 terrorist
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plots have beefo since 9/11, do you think that has made a dent, doesn't mitigate the real heaines of what has happened? >> i havseen some of those claims debunked by conservatives and tech advocates by people all over the place, and i thi there's another distinction to be made, could any of these ents been avoided without tapping americans? there is a good argent they could have been. a lot are thwarted like eryday crimes are thwarted by goo police work. ithat is not require violating the fourth amendment or pushing or stretching or even breaking the boundaries of established deral law. charles: first of all you are fantastic, we appreciate it. i did n know new laws are ving new tax a run for their money. >> they are neck and neck. charles: i appciated, thank you for the news.
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meanwhile millions areight about their privacy, president obama meeting with the privacboard to discuss the nsa scandal, but at this, meeting with them in private. the secrecy this administration does not fit with the army. it is getting worse by the day. president oba is doing the same thing he did in benghazi. i am going to get to the bottom of it. in doing that, what he hopes to do is preempt any legitimate investigation and to co-opt the press and do saying he is a good fellow, he cares about us, he knows how important is so we ought to stand bk and let him do his work. the fact of the matter is he very skillful at public relations, and i think he has a serious lack of resct for the rights of the arican citizen, couple ttat with grotesq sense
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of how much power ould be vested in governme whether it is t laws or invading our privacy. i have been fighting these issues for a long time, and there was an explosion initiative in the government after 9/11 when they were able to coue their desire to snoop morento our lives wh the question how much privacy should we give up for security. the fact othe matter is one of the things weight foagainst people like al qaeda is the protection oour privacy rights. we should give up nothing on that. makehem do diligent police work be it crles: that is fantastic point. give up our rights, what are we fightinfor in the first place. you mentioned thpublic lationaspect ofthis. mae this t time it is not woing. the polls have started to
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waiver, somethin occionally the mainstream media even picks up on i don't know that this will fade away ever so easily. >> first of all, charles, cap to understand they wrote the song the great pretender,hat is what we have in the white house now. he is pretending to care, pretending to do something about , but the fact of the matterer is wn they went after members of the press he attacked the brotherhood, a all the sudden spending the last six months swooning over this guy said wait minu, he is after us. and they have gotten serious about it. charles: president obama the candidate was against a whole lot of this stuff, he s taken the same things yo he didn't lie and added stoids tohem, would he be le to ll out pele like you who may be in the pastor for this saying you e just against me becae i am
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a democrat, president obama if president bush was in office, you would be okay with all of this. >> that is not true at all. years i was in congress, bute this esent i believe feel he has a righ to direct an administration thagets away with what they persecuted nixon for talkg about doing. john f. kennedy got away wit watching the irs. the fact of the matter is it is norepublican or democrat, it isf we as americanitizens have the right to not fear our governmentoul. charles: dick aey, we thank you for yourervice and thank for being on t show tonight, we appriate it. the nsa is not the only o listening in on your private stuff. every lawyer in america want to take a peek.
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charles: that top-secret nsa data could soon be making a not so top-secret appearance in court rooms. a florida lawyer requesting phone records from the sretive agency claiming they will exonerate the client for murder charges. the government refusing to hand over that data to fox news legal analyst and the attorney on whether this means private infoation will become public information. this is kind of scary stuff. >> how necessary, the man's life is in the balance. either way, murder chaes, it will risk aloo the lbert i have to get this kind of information, if it is yours it can be done in camera, by motion probably because of all the media interest surrounding the fact that had been a subpoena to verizon, that is why the lawyers said verizon actually getsid of the records within a limited
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period of time, maybe nsa has it. speaker turned out verizon had destroyed their rords slay said i heard about this program and the maybe keeping these records longer than verizon and guess what, was righ the point is ts will have to be some fairness and wishing and mercedes is righ if somebody could be exonerated that will give way.e record, in general kind to get these records the cot procedure and have the same national securities, i don't think people will be so successful tomatically. >> this happens once, it could happen again over andover, the more the super private stuff starts to find itself in the cotroom with all of these different ases to talk about, different security parameters it could be anywhere. >> the courts have aot of discretion because theoj will
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come forward and say we are not going to release these records as natiinal security but they can say at aree doing here? we have to balance the rights of the government versus the rights of the individual with significant charges against him. charles: can this judge in this case order the n to turn over records? >> yes, but i like your thinking. you have to be very careful here, give the government a fair opportuny is a national security is involve the judge can look at information in a particular case privatately in camera, kind of a difficult term. the judge reviews it privately and perhaps call the attorneys in privately. charles: you can't make the federal government hand the stuff ov. >> the judge had a lot of discretion depending on it might not even be appealable because discretion theudge has on a case-by-case basis.
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yes, lot of priva issues that may be at risk talking privacy versus liberty, i think he is exactly right. talking marital disputes, i fell on a sidewalk, it is not going to happen. when it comes to criminal. chars: so weave distinction here. capital cases may be we start to let this stuff in, anything less an that, don't even ask. >> the judges wll follow, wait a second, let's be c careful he. if an isolated case somebody's liberty is at stake, absolutely. charles:t is murder, somebody's life is at stake here, just anotherlow to this program that we were told it is algorithms,e don't do anything, we just watched the algorithm in the computer, we
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don't know who they are, they are facels, nameless and yet it feels chip by chi by chip, guys, but it is not such innocuous type of deal. there is sme re civil liberties. >> it fits broad parameters. 9/11 is still very fresh in our minds. th is when everything changed. the government said we have to st forward, be mor aggressive, do a broad sweep because that is how we will be ahead of the terrace. i guess that, but you have to balance that against it. >> you'r you are right, they cod argue in congress how bad it may be, and all of a sudden i get a trump card, we prevented 50 attacks. and then you don't have it. charles: i made the comment is a can to an electronic version of stop and frisk but we are also specs.
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it is not ke they're being selective about this. what the recds of every single customer fm verizon. we want google, aol, all of you to hand ov all theecords and give us access to all of it. to your point in a case like this hopefully they are being very unique, butt could open up another can of worms with a very dturbing program at the stands already. >> the court will be very careful what itrants and what theyon't. charles: let's hope so. listen, i don't want anyone to go to jail for murder, but golly, this program is a gift that never stops giving. have a safe trip this weekend. facebook founder mark zuckerberg is selling immigration reform is selling immigration reform but critics say i [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talto your doctor about viagra. ask if yourheart is healthy enough for sex.
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charles: the facebook ceo facing a ton of criticism. mark zuckerberg at the head of a group of 100 techitans pushing congress for immigration reform. same in a looser imigration rules we can get more skilled immigrants to comeo this country. these folks artrying to help themselves instead of really fixing the problem. explain. >> these compani are thinking about themselves, no necessarily r the solution for the countr wey are looking at an increase which in the current senate bill takes it to 115,000. this gives them an opportunity to from an expansive pool of not only american workers busine se for an workethis helps them be more competitive in terms of bringing people into their companies that can give them innovative ideas that can
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help them in access to the companies. but the embassy group is airing a ry different message to conservatives ying this is a consertive plan that the senate is proposing and as we know the conservatives are literally, except for bill o'reilly, rolling their eyes saying thiss not a coerrave plan, you have to toughen upn borderecurity. charles: yr boys, they trying to helpave the entire planet? >>i am fling to see what the ideogical issue is. i n't know what is conservative about an immigration plan although i do understand what we're talking about. actually the issue over high skilled immigrants has been on the ble for years, silicon valley for years has said it has trouble hiring the number of skled people of phd at once, it has wanted the ability to hire me, it has never been
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ableo do that because washington on both parties has said can't really y get to your question until we solve this larger issue of immigration policy. what the companies is doing is quite appropriate. of course they are acting in theirelf-interest. that is what any shareholder would want to do, to act in their self-interest. they a not trying to save the world byiring more phd's. charles: a lot of people say he is tryg to have it both ways. >> som studies suggest 40% of the fortune 500 companies are created that way. ape, google, oracle, colgate, ibm, home depot, bong all treated by children of immigrants or immigras. a better economic multiplier effect wita loosening up of
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the visarogram because instead of government spending you have companies crted by entrepreneurs in fact one out of four for every job treated in the tech industry, for more jobs are created so it is a great multiplier effect. charles: a no-brainer to allow more smart people in the country. >>t has been bureaucratic for way too long. >> i agree with that. if you look at the congressman's billn the house, they have this version where they would allow for more graates, increase to 155,000, more than what we see in the senate bill. this is good it allows for greater competition and also so that the companies are able to pick amongst qualified workers. so i think at this point high school workers is somhing we
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need in our country, and it is helpful. charle do we hold the high skilleworkers coming in as hostage for the re of the bill? you said you didn't understand theology but it is clearly potics or we would have had immigration bill a long time ago. what do you make of that somehow it is being hung in the balance until everything else is figured out? >> you are rht. as i have said mantimes, democracy is generally a good thing, butxtremely ugly, so to make the observation that one part of what we're trying to accomplish is being tied to another part of what we're trngo accomplish inothing earth shattering, that is just the way it is. to maiott to this other part of the legislation. when i saii don't understand how this is conservative or liberal, if u listen twhat the program is trying to accomplish, there is nothing
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conservative or liberal about it. i don't think there's anything conservative about the republic opposiiion to the immigration bill as it stands, theyey are just against immigrants. chars: you have the last word. >> that is outrageous to say republicans are anti-immigrant. >> people against the bill seem to be. they want to make sure the bord is secure first. we don't want to see what happened in 1986. >> youon't find one american against secure borders. >> ended up with an influx of illegal americans. it has become with border security and modernization of the thesis system. it is outrageous. >> i don't thi it is ouageous, you won't find anybody o dagrees with the statement. charles:talked about all the
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great companies created in this country because immigrants, the people you are talking about don't like immigrants, they are the sons and daughters of immrants, why would itot like immigrants? >> great point. charles: i will give you the last point. >> stop being so liberal on it. charles: we have 2 millionobs going begging, we need albert einstein of the world to come to this country and we need border security. it was fantastic, really appreciate it, have a great weekend. lawmakers are saying they should get the heave,ot just republicans. both parti joining foes and that could force eric holder out. ♪
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charles: attorney general eic cole areolding his job, for now. but maybe not for long. siin six republica a accounttng coffee torney general's resignation and 7 democrats waiting to hold them inontempt. the attorney general is running out of support and running out of time. chris. >>hat is a true fact. the situation with thettorney general right now is tt he is muchetested on the right but has beco quite inconvenient on
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the left for democrats he is an ever present reminder of some of the things the liberal base dislik t most particularly overaggressi tactics in dealing with reporters and dealing with les. there are ings in the past, the fast and furious most notably but when it gets to things like the associated press and overbroad bpoena for associated press records and james rosen e-mail accounts and phone records, that's when democrats starts to get a little queasy and the longer he is there and repubcans can continueo demand his departure the re uncomfortable democrats will become. charles: president obama must realize he has become such an extraordinarily ligning rod every time his name comes up in the press is always in a negative manner. >> there is that, but remember this, it is complicated thg for the president, esident obama doesn't have very many people who have been around and have much washingttn
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experience. eric holder is an old hand in washington dating backo a key role in the obama administratioo. he knows his way around this town, he has a lot oies on the inside. the other thing that is important is just as ic holder may discomfort some on the left and what he did with the department of justice and the reporter records, he is also a hero too many on the left for his efforts to try to try accused terrorists for his very aggressive civil rights unit at the agency, so the president will p a price especially with doesn't sound like it is on good terms. charles: to talk about his experien but ao a personal relatiship. can we say tt eric holder, he presint obama's boy, does that play a le also?
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>> i don't know wh level of friendship they have, but he h been described as the president's conscious. sort of conscientious liberal inside the administration because again the president doesn't have lot of people who know how t system work but are al ideologically peer as holder is. a conscious, thlodestar for as what it ought to look like. charles: chris, if this does happen, if wstd out talking 66 republicans and counting, 17 democrats, would it happ before the midterm elections? >> certainhe democrats wld hope so. republicans self-interest we would hope holder continues to beound in contempt and is a diraction for an admistration that has plenty ofrobls on its hds. i spect the timing of this wi come may be in august, maybe a little later but you
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wait for auiet moment in the attorney general decides he will purs for other interest. the problem then becomes who is confirmae by the united states senate to replace him,hat will be a tough ne. charles: had to spend more time with the family. it has been a rough couple of years he had think lot, really appreciatet. soon you can text, suite, e-mail cavuto while driving. it could be driving the auto industry off a cliff. d t brawn now ready to serve up a big win for the white house. really. really. find out how the pre beforeopd... i took my son fishing every yr. we had a great spot, not easy to find, b wortht. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps gnificantly impre my lu function starting within fivminutes. symbicort doesn't rla a escue inhaleler for sudden symptoms. with symbicort, tay i'm breathing betr.
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[ male announcer ] iyou n't afrd your medication, america, welcome home the brave. the brave men and women who served their country are coming home. home to their families and friends. home to america. some of these warrio are comingome with wounds you can see, and some with wounds you can't see, like postraumatic stress disorder. help us make their return tomerica as seamless and ccessful as possible. contact wounded warrior project at findwwp.org. welcome home the brave. charles: on the longest day of the year it is te for an extra long blitz. welcome to the summer solstice edition of "the blitz." we have some real hot issues. issue number one, you think
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rerells are bad, now wait until the next generation of cars. volv the latest build a car that parks itself. so, wi a ton of recalls this montalone, how badly would all get? >> i neverhought i would say this in a million years, but how smart are the cars going to get? the imagine the police reports? i wasn't driving, my car did it. i don't know where this is going to go, this will be e like the l of unintended consequences. recalls will go up. the tort system will come under fire and an indirect impact on earnings theirst time a cars find liable for an accident the driver d not cause. charles: will the have the car testify at the trial? all of these sma devices, i am getting dumber as the world is getting smarter. >> i'm disappointed, grew up watching the jetson. i thought it would have a flying
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car by now. i will be very disappointed when i get cut off a parking lot by somebody, they get the parking lot before me, iant to road rage at them and they arnot there. this is a recipe for recalls but so what, part of the automotive business. charles: good for the chip companies. ec baldwin, listen up. turns outou were kicked off the flight for thing. for years passengers have been punished for not turning off the devices durg takeoff, now the faa says there is no proof in flight gadgets pose a risk. so why the rush to judgmen >>
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they had to stop and blow us away. >> what are ey going to do, come up th a chip you put in ur bra and you don't even have a device? all of the technologicalceó improvementsou will e from here will be increment. this one takes a little t better picture than that one. this one has thifunction a little better than that function. it ia device, mmodity now and samsung is basically getting to the point it is beating apple in finding out it is beating itself because the competition is gotten so tough these are basically commodities and you guys are right unless they com with nenew technology, will be due. will i wait overnight like a grateful dead groupie to get the next iphone? i don't thin so. >> the ne slogan will be so good even the nsa can listen to -@your chip. arles: thssxecutive pay them more th half of last ar as a company continueso report
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bad earnings. can another company learned something from this? actually connectingay to peperformance. what a conce. interesting thing to me about this is it is aut times far as i'm concerned. you ask the guy who owns the gas station, coffeshop, lawyer, doctor, you don't sell come you don't eat, you don't eat, you don't feed your family. it is taking the executive to task for this. >> i noticed this was a taiwanescompany, not an american company so that speaks volumes. they lost half their pay and still ghtears ahead of what the average guy in taiwan makes. there is obviously room to cut and there is room tcut even more. pay for performance, that is what they always say on the upside, where is the performance? charle th could have been
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candid in singapore for missg the numbers. i can tell youhat right now. >>hey would have a car t drive them home afterward. charles: you havto lay down in it. it is interesting this weeke saw the guy from men's warehouse get dumped, we could go the woman at lululemon get dumped, it feels like in america maybe they are not cutting pay but there is more accountability coming on. >> you just mentioned to ceos who did very well. george zimr has done fantastically and the ceo of lululemon has done well. we were just talking about recalls in the automotive industry. it was not a reason to step down. what bothers me are the bad ceos are the ones getting fired. charles: inow you wanted to say something. >> i am right there with you. the bad ceos are not getti
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fired. the good ceos are actually getting cned. something is wrong with that eqtion. charles: see you guys later. all right, and nba star, oh my. every day something crazy ccmes out about t health care law. out about t health care law. now the need basketball s copd makes it hard to breathe... but with advair, i'm breathing better. now i can help make this a great block pay. ♪ [ male announce ] advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve yourlung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not bused more than twice a day. people with copd taking advair may have a higher chance pneumonia.
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accepting convicted felons give acceo your confidential health informaon. she is appalled,he people with records, so many people with recordwho have accesto you record. it is just czy stuff. >> what the program will do is give feral money to these navigators hping people sign up for obamacare, health insurance and these peoe are then going to have access to your social security numbers, accesso your income report, and threbate is daerous dangerous isecau the health and human services department set the sndards so low to become a navigator, a convicted felon can become o. these people will ha access to all of your rsonal information. charles: you know, michelle, i rember when they announced the program and you talk about transparency, it seems like a get out the vote sort of thing. they go to your home, we'll tell you about the program, a
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platinum, gold, silver bronze anyou should register to vote while i am here. they will be paid top dolr to do this. >> oh, yeah. this will lead to identity theft, fraud,nd really we should be intimate in programs that have safeguards that protect people's privacy but the concerright now for the obama admistration isn't about how to implement the obamacare law -@asood as possible. the number one concern for them is doing pr for obamacare. that is why they'rtrying to team up trying to get some basketball players tsell obama cares we might have lebro james as an obamacare spokesperson. chars: let's talk about that. lebron is not cheap. >> theovernment doesn't have allowance. they he tons of money they can end on lebron james. charles: how did they come up with the nba, not the nhl? >> i anot sure.
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maybe oba is a fan. i don't know where they me up with it but the idea we will now injectolitics into sports, i feel like sports is the only institution where there isn't is partisanship now we will have players speaking on behalf of obamacare, such a parsan law. i think it is unfair. charles: i agree with you. at least sports is not like hollywood, for me a whole bunch of hypocrites who come out all the time, ze idea about but don'do it to our sports stars. leave these guys alone, lethem duke it out on the field or the basketball court and l us enjoy it without thinking about the health care law. >> exactly. if they teamp with the nba, that is what is going to happen. the only institution there i't paisan politics and tis politicizationn the industry and what they ought to be focusing right now is on the
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implementati of obamacare. it hasn't even been implemented and we see small business owners freezing hiring, they are not hiring as many peopople andheir kickinpeople out, they are scared of obamacare. charles: how ironic would have e been busily making $80 million per year to promote a program that will see a whole lotta lotf people see their weekly hours worth go from 40 down to 29 so they don't get hiwith the obamacare penalties. >> exactly. it will be awful if ey do this charles: miclle kelly have always been great with this. >> thank you. charles: what i told you the biggest threats this summer is not zombies taking over, it is really be, who is finally rorollin oveand the market ♪ lighter flicking ]
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charles: the first day of summer and for wall street could be a bummer. wind to wind down the seamless ogram sending stocks diving big-time liz macdonald says anding theuppo is actually a good thing. we brought her back away. at omissions he also. what you mean? >> listen, if we stayed even longer in this we would have a lo bumpy winter. even worse than what they re feeling now. i think the artificial stimulus is bad for the markets, you see in certain currencies to my duties very junk level corporate bonds. not everybody's boaiso great and deserves to floated. a lot of assets were recittd to levels we should not have been d now back to the basics, back to fundamentals, back to solid corporate earnings chles: take the dicine now even though it is painl, a lot
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less painful than later. >> exactly. >> i feel it is attachment parenting is what call it. so depdent on the parent it can't let go. we sawhis in theast couple ofays where in fact they were thinking the feds were too optimistic so they are getting very optimistic and the efft on the stock market in the end we have to ask ourselves is this economy ready. therthey see bernanke steppingak saying it will not happen immediately but it is gointt happen. it has the investors vy concerned. charles: and economy bumping along at 2% per year, is it worth it? >> we shld not lose sight of the fact ben bernanke, is reflected the most bic level the economy is improving. we are not facing the crisis we have faced for so many years now.
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reacting to whathe meanings of these things are, but i choose to see it as the cup half full, getting the worst behind us. which is very encouragi news. chars: at them, what do you make the idea of the stock market should me down hard and fast what is supposedly good news. >> everyone who is in the market has to choose what it is the are interested in as an investor please nd i am an instor. i don't care what happens tay or yesterday with my personal investment in t way i appach the ma, that is somebody else's problem. those people im not sayi they'rr using poor judgment or acting irrationally, i choose to understand that the long-term is
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looking pretty good and the market coming do hard not my concern today. charles: more to your point the d is not going to stop this stuff overnight and when they do they will taper. it may not b85 billi per month, that is still a time bomb making it larger. >> they cod restart it again, they could restart and i have done itwice before buying the bonds again. charles: kind of like you tell your kid you can't have this but if they throw a temper tantrum you give it to them anyway. axing them into not getting so whiny about all of this. >> to ve got to let go othe pacifier. we're also having to have a couple of factors. china's growth is slowing down anhave a look at what is going on in the world an in the natiol
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moneta fund tapering off over to crease. this will have impacts. >> tt is a great point. the question the wall street wreses with his has the stock market gotten ahead of the recovery and i would say this, on evaluationasis by certai measures stocks are still storically cheap compared to what they were back in '93 even back to 1994. charles: at them. >> despite what it looks like e fed concern is not to prop up the stock market, that may be the result of what the fed does. it is to ensure the safety of the economy. you want to bring it baback to the child, to make se the child is safe, right? that is the primary concern. e economy is getting better, in theory the stock market will be okay and i think liz makes a
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very valid point. the rket is getting ahead of itself orr miss analyzing the recovery. the recovery is solid. charles:'s stance with the fed is trying to do and have always tried to do is kick off the virtuous cycle. grading an illusion th are much bter, your house is worth more, this makes people out and shop, the shopkeeper hires more people and they in turn have a job now a spend and the next shopkeeper hesomeone now we he this virous cycle, positive cycle and it seems to matter what ben beanke tries to do it does not click, it has not clicked in yet. >> in fact it hasclicked. we are in a period of economic growth, we can debate theevel, it is not satisfacry and so on. the hope is when you do all these things and there are other forms of stimulus otr than the
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kind we e discussing, e economy takes on a life of its own. we can debate if we're in a situation like that. charles: isn it contradictory to say the fedas to pump in money, but the economy is doing well? slow economic growth. letting gof the dependency they have on t government in terms of the era of easy money. when you look at for example st. louis reserve federal reserve president who came out today saying ben bernanke's comments werepremature and inapprriately timed, there is someing to b said that it causes such chaos in the stock market. charle i am inclined to agre with elizabeth macdonald in the sense american corporations are doing well, much better overas robbinghe bottom line but the federal reserve put us in somethingf aintaking on
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too mu risk and i for one wod be very happy when they pull the plug on all of this stuff. absolutely fantastic, appreciate your ♪ >> tom: many of us are not happy with the government scooping up all our information but the snoops say they only check on foreigners and not citizens. is that true? can we trust them? we're talking how data flows flew the internet and what information they are really storing right here, right now. >> tom: thanks for joining us. here at the top of the stack. amount of data flowing through the pipes that make up the internet is tremendous. the complaint after 9/11 there was too much information for our government to follow and they did not connect the dots and hence the attack. now
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