tv Cavuto FOX Business October 12, 2013 6:00am-7:01am EDT
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we will see later. ♪ ♪ ♪ ♪ neil: all right, welcome. a clock that is not taken. not quite the ticking timebomb that is so bad. welcome, i am trusting in for neil cavuto. things are getting even weirder. the aministration s trying to make the shutdown sound even scarier. andbarack oama tweeting today that this is imprtant. putting the safety of our food at risk due to the government
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shutdown. and of course many naional parks are still shut. but lots of nnessential staff are also down and you had that to those that are paid to clear brush and federal land and this is really turng into a proverbial zoo. but it gets worse. members of the house actually have to pick up and clen their own houses. how terrible. w, it's hard to believe. how about someone to put this into perspective. my next guest. mercedes, i have to tell you that there is a clo in a hallway, everyone walks past it, no one decideso wind it up. that tells us that speaks volumesbout why washington is
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messed up. >> i was actually kind of shocked. the personnel clock wanderin the capital. can't we outsource the position? [lughter] i think when you start looking at the different components, for example my kid might be uet abt the pnda cam been turned off, but it puts into perspective how our tax dollars being spent. so much pressure being put out there by the white house. and in some ways, again, it's the reasoo we are having a problem is because of the republicans and they are pulling out all sorts of this to push through this pr campaign that is going on right now in the scare tactics. charles: we saw it live sequestration through the white house, easter eg thing, al the things have looked terrific. but so far i think that the
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average american can't say that they have been hit by this government shutdown. this partial government shutdown. >> that is in part becae about 80% of what the government does is sll operating. people do not oftentimes realize -hat thse talks are still going on, medicare, medicaid still being paid, the essential activities from border control to the faa, still in operation. agencies that we are talkin about the fund ducation and commerce are not really ta in some cases they provide important services, but they ar not very essential in some cases may be unnecessary. the poblem for republicans or not you have read "the wall street journal" poll today is the public is blaming republicans more than president obama for this so the scare campaign seems to be working. what is ack earlier when yo try to scare with the sequester, it backfired because about was essential government service
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of the president was playing with. things like the faa and activities that americans depend on. >> wireless working, i don't get it? >> i thik it was becauss it was so overtly political the first time. remember when the president tried to close down the air traffic contl system. smart republicans like tom coburn who said here is 10 programs you could cut. and so the same ing when they shutdown the food inspection service and so forth. this has gone on a while and americans would like this result charles: there i no doubt about th andhat the presidentas won the pr battle. i have to tell you that it's pathetic some of the things they are whining about. in the long run, mayye we will and we could live with smaller government. thank you and we will talk to you again soon. >>thank you. charles: the shutdown could slow
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down the keystone pipeline to the state department sayi that it's slowing down the review process for the long delay. john campbell says that it's just another administration excuse to block this thing. representative, it's pretty always that they don't like it. the point is like a victim in the turmoil of washington. >> that's right. thank you for having us on. this is the rhetorical situation because they are able to say oh, because of this, we can't do the keystone pipeline, which we kn they don't want to do anyway. when ty are always ausin house republicans of catering to what they consder an extreme small element of our party and catering to an extreme small element of this party because the unions wanted and everything else. @% would pass the house and senate and this enabled him to slow it down and at the sme time wayman on us on republans.
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so he gets this to fear of slowing down the keystone pipeline and adding to the narrative but you all just all offthis pain that isl about unnecessary and exaggerated and manuuacture that he is trying to create wh thelowdown. charles: there is no doubt th christmas ame early this week for the white house. let's talk about what could force the hand. the president talking more and more about our great energy renaisnce,which is very interesting. i haven't heard george bush get any credit for it and we know the president is notlike fossil fuels and has not done anything to help us out. at some point we are going to t a real jobs report number out soon are going to see that this country is still struging for jobs, high-paying jobs that keystone provides an ultimaly it will trigger a genuine effort by the white house to get this thing going. charles: i would love to tell you yes.
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>> when we did a poor jobs report job support from the president will say that it's because of the stddwn and because of republican scare tactics on the dbt limit. it is becauue ofll kinds of thiigs that we are doing or keeping him rom doing because we don't have gh enough taxes and beause we don't have this or that. u know and i know that it is because a lot of regulation is standing in the way of all the genuine individuals that are out there in the economy, which is energy production, but they have a lot of regulations that a being even greater and to ourt economy. whether it's that or 3-d printing order elements of the economy that obamacare is puing a wet blanket on all of us. we know those are the real causes of what in slowing the economy now. but the president will have his own things that he is going to appoint him. and he sang at the stuff over
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here. moving to open the keystone pipeline. but i just don't think thatis probably the case. history would say that it's unlikely to move at. chles: you're absolutely right. they challenge the state department. before i let you go, how are things going down at? are you getting a sense that there are no pickups and this could be resolved earlnext week when i. >> i think that it could be. everyone is talking, rhetoric has calm dow. trying to give room fo negotiation to occur. and i have heard lots of information from various sources which is somewhat contradictory. which i don't think we have a firm handle on who is really going to make some deal here and where and how and when. and i think that the funnel is narrowing a little bit and over the weekend things will calm
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down and people can really get to work on a deal nd i would hope by monday that maybe we would have something or hopefully some progress. charlesrepresentative campbell, have a great one. wenow that you always do the right thing and we appreciate it. >> thank you very much. charles: when a guy who actually wrote the triot act is fighting to rein it in, he is here next. wait until you hear about the massive lawsuit that is dragging him down. >> if the pirates find you, remember to keep them away from the important hings. we went out and asked people a simple question:
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how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's great thing. but even though we're living longer, one tng that hasn't changed much is the official retirement age ♪ the question is how do you make sure you have the money you need to enjoy all of esyears. ♪
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at bny mellon, our business is investments. to enjoy all of esyears. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. charles: it is time for the b side. tonight, congressman john bennett joined us and he isthe co-author of the patriot act with george bush. now he is actually fighting to rein in the powers thatare
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pushing this new bill, snooping.rly with the nsa suing the administration over this thing. welcome to the show, congressman. >> thank you. thank yofor having me. charles: i guess a littlle bit like the monsters have gotten out of hand here? >> yes, because when the patriot act was initially drafted, we thought we had drafted the ability to prevent a collection the collection of metadata, which meant that everybody in the u.s. that makes a phone call, made or received, during the oversight we didn't have that. the collectionf data. once i left and we were doing the oversight anymore, the nsa really got out of cntrol. firstn the bush administration and then former intelligence committee chair in the huse said what obama has been doing and we have to bring the rein in their spending in. there's no reason why every innocent americans on call ought
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to be picked up by the nsa and then stored for five years or maybe even more. charles: d you sense that it had this kind of power? >> a lot of times people put things together and i also think, okay, we figured it all out. people figure out different interpretations. section 215 of the stock. but could we see any of this coming? >> no, i could not see any of this cing in. as you know, the court and the intelligence committees are supposed to be doing oversight to prevent the nsa doesn't go wild. thisis is a failure of oversight more than anything else. the only way to stop any administration from going wild is by congress for gingts ability to do this oversight and i really regret that both the legislative and judicial
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branches did not do it. the church commission's recommendations in the 70s created the intelligence committee to put the brakes on the nsa and inste they have been stepping on the gas and acting as cheerleaders. that is whwe got the problem that we have today. charles: where do we go from here? who are you suing, is that the viable way in the best option to try to get this thing going so that the american people are no longer victimized by their own government? >> they have to do a two-pronged thing. one of the lawsuit against eric clapper, who is the a national intelligence director. and remember that he told the senate committee that he gave the least on truthful answer. long lying to congress as a federal crime d he should be fired by the president and prosecuted by thjustice department. the other is doing it legislatively and senator patrk leahy and i will be introducing legislation as soon as we cn get this back from the
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utdown. the legislation will do several thin. first of all that the collection of phone records can only take place when the nsa targets a foreigner who is a member of a recognized terrost organization. either in this country or abroad. the second thhng is we are revising th court and any change would have to be public and it would be a public advocate that would represent the public a private intere. the third thing we would be doing with is telling the phone companies that they have the option at their discretion of saying how many requests they have otten from either the n or the justice department to
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turn over and not specifying who they were being requesting for. >> this is a bipartisan issue and it seems like to me a no-brainer. we are rooting you on because this is egregious and outrageous and is an offense to almost every ngle american. we definitely want to touch base with you. >> i would agree with that. but i would also say a few things that you can't put on the air to say what it is. chles: i would too. have a great weekend. all right coming u.s. taxpayer ent over $11 million bailing out chrysler. that's howit is repaying it. they should create 1100 jobs -- but in mexico? but in mexico? the unbeliwhat's bettera than zero heartburn? ♪ nothing, that's what? that's why i take prilosec otc each morning for my frequent heartburn.
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charles: talk about taking the money and running. chrysler says it's investing more than $1.2 billion in two mexican plans touild commercial engines. that is almost the exact amount american taxpayers moey. susan, they are forcing chrysler south of the border anything this is the reason this is happening? >> absolutely. in order to build a product that you can actually sell in today's market, the unions are holding companies hostage so they have no hoice. we cannot continue to pay the kindf labor prices that we have had to pay and remain competitive. charles: that's not too far-fetched. a lot of people believe that
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unions demanded too much from the automakers to begin with. but that attitude added to the demise. charles: it's not far fetched but not remotely new. a dades long topic thattyou are discussing right now. i thought we would discuss whether or not cysler is backstabbing u.s. taxpayers to that i would say that you ve to decide. do you want them to operate as a business or do you want them -- do you want them do them what we tell them to do is the taxpayers. >> i would rather that they operate as a business. >> than they do both? this is the argumenthat i hear all the ime that we are going to ensure and bring businesses back to amera. so are you admitting that this is not the right business clate to actually bring businesses back to? >> noing of the sort. i don't have a list of all of chrysler's factories in front of me. my hunch is that they continue to manufacture cars in the united states and that they will
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continue to manufacture cars in the united states. they re a global company and a manufacturer and all sorts of places. making a decision to make an investment in manufacturing in mexico is oneof the capil investments that chrysler will make in the next decade, woold assume. i'm glad, i know that you're not, but i'm glad they're still in business. >> we have to le comanies mak money. we want your money back from chrysler and have them pay taxes. they have to be able to make money and that's the bottom line for any business. charles: i think that we are all happy that they are in business to do what we disagree on ishow they went about it. i believthat all of them could have found finanng and we didn't haveto let them see this. that's a long and drawn out story. we can't have it both ways. we keep hearing others going to be a manufacturing renaisnce in thicountry and one of the prime companies that should be setting an example of this. >> yes, but right now there are
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600,000 unfilled manufacturing js in the united states and we do not have the skills to fill those jobs in this country. i said before that we have unions holding some hostages we have a multitudef situations. >> i was going to say that this was stricy a union issue, they could be going to mississippi or alabama or a southern state where auto manufacturing is fighting a nonunion states. clrly there are more issues at play. >> the bottom line, maybe not a complete stab in the back but a nick in the back? >> i agree thaa it's a boo-boo charles: this is serious stuff. not almost double what it was in 1975. this after spending more than $60 trillion on the so-called war on poverty since 1964. susan, you say tt it's an
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entitlement society that is fueling poverty more than anything elss. >> we havcreatedda society in the united states are we just don't have a song work ethic anymore and people expect to be talking about this. fast food workers want to pay $5an hour. we hava skills gap with all the unfilled manufacturing jobs and ought tobe dong this are giving these people incentives to stay at home and at their cell phones and food stands and all that, we should be using that money to help them get the education so that they can go out and work. i know at at 34 letter word, theyan go work d create and be a part of society and economy to one of the same thing that adam told me about a week ago. would you li to reiterate that? >> yes, i would like to reiterate that, chares. i think it is insidious. certainly it is a clever suggestion to say that the money spent on helping poor people has
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caused them to be more poor. we cannot prove that, but it sure makes for good situuations to say it. but i would point out on specifically regading the poverty data that if you included the food stands that people had received that the data does not include, fewer people would be in poverty, hich suggests at least some of these government programs are helping people. >> you are making susan's pint that it would suggest the opposite the people are not heing themselves. in other words that we have created a climate and 1978, the job market was up to 3% in the last time that w got it was half of that at 35% and we have actually created an environment ere kids don't want to work for the entire state survey says that one of the things hurting businesses more than anything else is people coming to work on time. you're talking about skills. how about just setting an alarm
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clock. >> i have run businesses my enre life. because i am the owner, will be working 24 hours per day seven days a week. but he will come to work, they come in late. they take at least an hour or an hour and half for lunch. heaven have an event you would ask them to stay 15 minuues after the clock at 5:00 p.m. >> that is why they call it rush hour. look how great you look working hours a day. all right, is washington on wall street hurting wall so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry,'m just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you el that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally.
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charles: at hlftime and jpmorgan is getting throttled. not by investors that the government. the company with a 380 million-dolr loss last quarter. releasing this statement. while we had a strong underlying performance across businesses, unfortunately the quarter s marred by legal expenses that were very large. they are from fighting the
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government. to the mayoral candidate joe load on whether they are going after wall street. we did reach out to his opponent, but we are happy to have joe here. >> they have been payin a heavy price rhetorically. it seems that every time i pick up this there is another fine. >> yes, and the congressional delegation is very concerning in the senate as well as the house of representatives. they are not reresenting the number one city in the city o new york. this is the goose that laid the golden egg and we need to diversify our economy and also understandhat wall street is headquartered in the cit of new york. charles: i see this symbiotic relationship to be frank with you between washington and wall stet. words like, okay, we will get you or sort of treat you like
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the family cow, we wil not do, could you every now and then for printing. but we are not going to kill u. when things get down, we will take taxpayer money and lul. from the outside it sounds awful, but it's like a game betwe these guys and the taxpayers ultimately pay the pealty. >> yes, it was a true relatnship were ashington and wall street and wall street and washington. for many years in the latter part of the 20th century was a true partnership to work together. it has been split apart now. they no longer our partners. they are adversaries. >> detroit used to be called the paris of the west. an amazing city. they engage their politician petitions and it mindset and tax themselves and ran businesses out and smart people out. who'd be on he cusp of that, something very similar to what we saw maybe in detroit 50 or six years ago?
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>> are we close to that? i don't think so. chars: you just talked about this. right now the opponents are pulling n and your opponent, bill de blasio, is talking about the rich people and wall street. if new york has embraced that, what is the logical conclusion? >> it is that they don't understand and relationship with how the world really works and how revenues come in and how they are helpless keep the government in place and the social safety net that they fund. we need to continue diversy our economy and so the seeds th mike bloomberg as in the high-tech industry. it is number two in high-tech mpanies and we need to expand that. we have the best medical schools in the ount. the scientists are not talking about this always, hese are industries that we needdto have unlike detroit which had all of its eggs in one basket.
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and when the auto industry decided to go elsewhere, there was nothing else like it. >> but how did you get the politics that are extraordinarily powerful as a political tool? i culd be making $75,000 year. i used to drive a cab, but now i do not and i'm taking carof my family. that someone could remind me that the wall street guys are making millions of dollars a year and how unfair thats to me and my kids and i buy into it. >> well, i have an opponent at is dvi class warfa right now with the cpaign and e tale of two citi where he is pitting one against another. but it's really unfortunate. here's what we need to do. we need to make sure that children are educated and that we expand r economy and diversify our economy so that we can get the unemployed employed and get those people underemployed better off.
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charles: still hear what you're sayin but the way that you guys handle the money my kids can never get educated. >> the gulibility of eople is one thing. but the reality is another. charles: you are telling us a message that a lot of people in business or looking for you to be the savr. i have to tell you that you are very polite and successful. but you have to be hitting the wrong nerve on people. this is not the best thingfor them. >> that's right, we need have a growing and prosperous economy. income inequality in the world. but getting little bit too wide. but we also have the deal with the concept of jealousy and invigorated and the american spirit and the american dream. i'm going to do better than my father, my child will be better than me so that we are dark city as well as thh country a place of opportunity.
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charles: collett wishful thinking. obama administration anticipating people signing up for the affordable care act by the end of open enrollment, march 31. but the numbers are in and showing that only about 50,000 people have gned up. so if the rate holds at this level, i' pretty good with math and not add up to thepresident counted 5 million people short. tonight, beating obamacare. my next guest says this law is a huge mss. >> i was looking at your book. it is a little tattered. but that shouldn't be a little bit more than? employer mandate, the caps on expenses, it is a mangled and
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distortednd illegally altered version. not this law at all. and they say la bohème, not really all be one when anyone says that the law has been passed and we can't change it. however the website is up, it's an unmitigated disaster. i saw that everyone had a lot of fun poking fu but i think that the more egregious problem has to be the fa thapeople are not ting the bait. people seem to tool around. >> that is because they are reeling from the sticker shock. don't forget the president sai that this would be affordable. the fact s that the average person -- a man will ay double what he would before, premium earnings are up 99% of whathey would have been.
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charles: is this the average across-the-board. >> just. >> for women, 62% up. for young people, 30 and under, up 279%. these are all figures from the manhattan institute interactive map, they have studied the state-by-state. it's not affordable and it'snot just the premiums that people are rreling with. it is the deductible, which are double what they are an employer provided health plans, if i 5000-dollar deductible and the bronze plan, 3000-dollar deductible in the silver plan. a young person who writes a check for maybe $300 per month is never going to get anything back. how man mn in these 30 to 35-year-old age categories ever go to a doctor. including the three we 5000-dollar deductible, unless
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they are in a motorcycle accident or get an unexpected lness, heaven for bed, after two or three months they are going to say, why am i doing this, i shoulde making a car payment. >> that's right. >> or it is also the hire of god or a percentage of your income. so for families, those penalties will add up really fast. >> it still might be an option for someone who i on a tight budget. >> that is right. >> who isn't on tight budget? >> there you go. you saw this from one aspect to another. now it is upnd running and we get a chance to see it. what is the prognosis on this and how to keep alive? we know they are determined to. how do they figured out? >> that will be a pr disaster. it is really hard to keep this alive.
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once you get i that plan come you can't goto the doctor and hospital that you would prefer because to keep the premiums for spiking even more, they havee eliminated so many doctors and hospitals paying bargain basement rtes. the one you always inform us,we always appreciate it, but it's always kind of sad. this is amazing tuff, relly shocking numbers that we saw this week. have gat weekend. tom hanks already getting some oscar buzz for his betrayal of katherinphilips, but the real captain screw is not happy about the vie at all, they are layered up and they are suing. >> we have been boarded by armed pirates. we wilbe all [ femalennouncer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who tn ideas into action.
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[inaudible] [inaudible] >> everything will be okay. look at me. charles: lots of buzz around caain philips. several crew members are describing the movie as highly fictionalized. the owner of the attacked ship, captain philips ignored warnings to keep a safe distance office mulley coast and that is why he put the whole crew in jeopardy. so do they have a case? let's bring in the lawyers. when individuals as they do have a case and another says they don't. et's go with how they have a case. >> i think that they have a huge payout coming their way. thisisn't simply just a
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neglignce case like the captain made a mistake, but a punitive damage case to the tune of $50 million. i had a chance to read through that complaint today and let me tell you that there are some strong allegations in there. the plaintiffs are essentially saying that the captain intentionally and willfully put their lives at risk. there are definitely facts to back that up here. charles: we know that hollywood takes exaordinary liberties. but to the actual facts of this really be such that the captain really did put everyone in jeopardy? >> captain philipsand this is nothing but back telling in itsel this is round two. the lawyers, they are the ones that will weigh in on this one in the white house. captainhilips committee was in any kind of wrongdoing, why ha he been so open about
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everything? he has done depositions already and he has spoken on tv several times, he's all the time i knw tom hates smiling with him. there are plenty of attacks happening there and you can't avoid it. your 200 miles awa 600 miles away, 1200 miles. or 1300 miles off the coast. charles: what do you think? >> i think she made the ca for them right there. the fact of the matr is, let me finish -- [talking over each other] chles: okay, go ahead. >> inorder to prove a neigence case from you have to prove that they knew or should have known. there is nodispute here. it's not that they should have @%own, they had numerous hijackings that took place in the captain was won seven times. seven times to stay a least
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600 miles away from the coas and he chose to ignore it. >> he was 240 miles away from the coast and that is where the aack took place. charles: okay, let me jump in for one second, please. i want to say that you brought up initially the fact that the captain is not being sued and more than likely he doesn't have $15 million for an insurance that would pay off a lawsuit. >> i am lawyer and i know what is going o. >> my point is that it is horrific that we are always going after deep pockets. when we make a point whether he has been considered negligent or not. he wasn't negligent. charles: the entire crew is almost unanimously saying that this guy broke a lot of rules
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and assumed a dangerous was that he was taking. everyone knew it was a dangerous place. but they set up this danger and he viated them and shouldn't they vouch for that? >> the reason why -- >> the reason why this individual was not named, and mega described it perfectly. he does not have the deep pockets to satisfy a judgent anit's not the lawyers fall. you're not ready to sue ssmebody winning or you can collect. yes, the ship owner is vicariously liable. what that means hat they are responsible for the conduct of the catheter and that is what is going on. charles: we know the captain has made a fair amount of money. and i know that both of you ladies probably agree thatthis will be settled out of court and the pirates will win again on both sides.
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a spirited conversation. weewill have you back soon and have a great weekend. as mark zuckerberg looks to protect his own privacy, he ♪ [ villain ] well mr. baldwin... it appears our journey s me to a delightful end. then i better use the capital one purchaseraser to redeem venture miles for this trip. purchase eraser? it's the easy way to erase y rece travel expense. i just pick a charge, like my flight wi a few taps, it's taken care of. impressive baldwin. does it work for hotels? absolutely thangoodness. mrs. villain and i are planning our... you scare me. and like it. let's go what's in yo wallet?
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when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ time to blitz. this is the part of the show we discuss stocks that you should watch and whether you should actually be buying them. first up facebook, mark zuckerberg spent $30 million on four houses surrounding his mansion. the reason, privacy. people trying to use his nearby residence as a selling point. they can no longer hide profiles from search. keith fitzgerald and jonathan, you're the two perfect guys for this. keith, hypocrisy aside. what about the stock? >> you know, i still don't think that thing is worth what ever
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thinks it is. it's social media, about voluntarily contributing your information to thei greatest marketing machine in history. i don't care if it's 10 or 100 million, you have the same problem. i don't like the stock. >> jonathan, they turned it around and the bias is to the upside. >> they've turned it around and the stocks, despite privacy concerns and mark zuckerberg haters, and there's far too many, the stock continues to perform as does the service. you're overselling it when you sayand facebook are invading privacy. despite the small change there's robust you privacy setting and the ultimate, not to share things you want private on facebook. >> how about don't use it? >> there you go. people are still getting a lot out of the service. i wouldn't short the stock above
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50. >> maybe 60? >> indeed. >> let's talk about jcpenney. beleaguered, bringing back the old c.e.o. but the old logo too hoping ther move will reignite r regain old customers. doesn't jcpenney need to do more than a logo change? >> the stock trades where it traded in 1978 and makes me think of the old saying, old soldiers don't die, they fade away. jcpenney has faded away. it once dominated retail but in america, you need to innovate and compete and they did not, which isr why, despite the logo change and c.e.o. change, jcpenney has a tarnished brand and will likely go to zero. >> the one i go to is a hot mess, ridiculous. and the stock reflects that. can anything turn this around? >> no, i'm with you.
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the brand has had its heydey. it's sad because its iconic in the american scheme of things but the private brands didn't work, sales aren't working, the turnaround is promising but the difference between that and profitable is huge. >> what's that i hear? >> time for the night cap. what these guys are thinking before they go to sleep and what everybody will talk aboutg monday. a slewg of bank earnings repors next week. what do you think they'll show us? >> i think they're going to outperform. in fact some banks started reporting this week like jpmorgan and wells fargo, beating lower expectations. they had trouble the recent months as interest rates come down. the are interest margin will grow as interest rates rise. you have to buy a lot of the banks. >> we want to make a distinction. sometimes companies have great numbers and the streak yawns or
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pulls back, they struggled. >> a lot of them did but long term they beat the market year-to-date. the bank stocks and financials are trounce being the s&p 500. >> keith, what do you think? >> what this comes down to is yellen. if yellen is in there printing, she wants to support them. the liquidity did sustain things and the banks are going to run. i don't trust them but they're going to run. >> to that point, keith, tapering, the 2014 event, hiking rates? i'm thinking 2016 before rates go back up. >> unless you have derivatives traders making a effort against the fed, that's probably right. yellen never met a printing press she didn't like. middle america will remain sold down the river. >> who won't be sold down the
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river, johnathan is getting a waiver on his facebook account. they won't snoop on him. >> the irs will. >> fantastic. we'll check the stocks. audience, you're the best too. have some hot cocoa tonight. see you monday. welcome to the best of the "imus in the morning." coming to you as always from new york city. i'm connell mcshane and we have another terrific hour planned for u. some of imus's interviews here of late. some are funny, some very interesting to listen to. we start with kristen powers from fox, a fox contributor and writes for the daily bemis the government shutdown, who takes the blame? speaking-of-the-government shutdown, paul begallia, former advisor
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