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tv   Cavuto  FOX Business  October 12, 2013 6:00pm-7:01pm EDT

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♪ ♪ ♪ neil: all right, welcome. a clock that is not taken. not quite the ticking timebomb that is so bad. welcome, i amtrusting in for il cavuto. things are getting even weirder. the administration is trying to make the shutdown sound even scarier. and barack obama tweeting today that this is important. putting the safety of our food at risk due to the government
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shutdown. and of course many national parks are still shut. but lots of nonessential staff e also dowand you had that to hose that are paid to clear brush and federal land and this is really turning into a proverbial zoo. but it gets worse. members ofthe house actually have to pick up and clean their own houses. howterrible. now, it's hard to believe. how out someone to ut this into perspective. my next guest. mercedes, i have to tell you that there is a clock in a hallway, everyone walks past it, no one decides to wind it up. that tells us that speaks volumes about why washington is
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messed up. >> ias actually kind of shocked. thepersonnel clock wander in the capital. can't we outsource the position? [laughter] i think when you start looking at the difrent compones, for example my kid mighte upset abt the panda 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 beause of the republicans and they are pulling out all sorts of things to push through this pr campaign that is going on right now n the scare tactics. charles: we saw it live sequestration through the white house, easter egg thing, all the ings have look terific. but so far i think th the average american can'tay that
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they hae bn hit by this government shutdown. this partial government shutdown. >> that is in part because about 80% of what the government does is still operating. people do not oftentimes realize -hat these talks e still going on, medicare, medicaid still being paid, the essentia activities from border control to the faa, still in operation. agencies that we are talking about the fund education and commerce are not really vital. in some cases they provide important services, but they are not very essential in some cases may be unnecessary. the problem for republans or not you have read "the wall street journal" oll tody is the public is blamin republicans more than president obama for this so the scare campaign seems to be working. what is back earlier when you try to scare with the sequester, it backfired ecause about was an esential government service
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of the present was playing with. things like the faa and activities that americans depend on. >> wireless working, i don't get it? >> i think it was becauss t wa so overtly political the first time. remember when the president tried to close down the air traffic control system. art republicans like tom coburn who said here is 10 programs you couldcut. and so the same thing whenthey shutdown the food inspection service and so forth. this has gone on a whilend americans wou like his result charles: there is no doubt about that and that the president has won the pr battle. i have to tell you that it's pathetic some of the things they are whing about. in the long run, may 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 down the keystone pipeline to
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the statedepartment saying that it's slowing down e review process for the long delay. john campbell says tht it's just another administration excuse to ock 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 o this is the rhetorical situation because they are able to say oh, because of this,we cant do the keystone pipeline, whi we know they don't want to do anyway. when they are always accusing house republicans o catering to what they consider an extreme small element of our party and catering to an extreme small element of this party beuse the unions wand and everything else. @% would pass the house a senate and this enabled him to slow it wn and at the same time wayman on us on republicans. so he gets this to fear of
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slowing down the keystone pipeline and addinto the narrative but you all just discsing the last paneabout all offthis pain that is unnecessary and exaggerated and manuuacture that he is trying to create ith the slowdown. charles: there is no doubt that christmas ame early this week for the white house. let's talk out what could force the hand. the president talking more and more about ourgreat energy renaissance, which is very interesting. i haven't heard george bush get any credit for it and we know the pesident is not like fossil fuels and hanot done anything to help us out. at some point we are going to get a real jobs report number out soon. we are going to see that this country is still struggling for jobs, high-paying jobs that keystone prodes ultimately it will rigger genuine effort by the white house to get this thing going. charles: i would love to tell you yes. >> when we did a poor jobs
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report job support from the president ll say that it's because of the shutddwn and because of repubcan scare tactics on the debt limit. it is cauue of all kinds of thiigs that we aredoing or keeping him from doing because we don't have high enough taxes and bcause we don't have this or that. you know and i know that it is because a lot of regulation is standing in the way of all the genuineindividuals that are ut there in the economy, which is energy production, but they have a lot of regulations that are bein even greater and to ourat economy. whether it's that or 3-d printing order elemts of he economy that obamacare is putting a wet blanket on all of us. we know those ae the real causes of what in slowing the economy now. but th 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 pn the ketone pipeline. but i just don't think that is probably the case. historwould say that it's unlikely to move a. charles: you're absolutely right. they challengehe 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 couldbe resolved early next week when i. >> i think that it could be. evee is talking, rhetoric has calm down. trying to give room for negotiation to occur. and i haveeard lots of information from various sources which is somewhat contradictory. whh i don't think we havea firm handle on who is really going to ke some deal here and where and how and when. and i think that the funnel i narrowing a little bit and over the weekend thin will calm down and people can really get to work on a deal and i would
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hope by monday that maybe we would have something or hopefully some progress. charles: representive campbell, have a great one. we know that you always do the right thing and we appreciate it. >> thank you very much. charles: when a guy who actually wrote the patriot act is ghting to rein it in, he is here next. wait until you hear about the massive lawst that is dragging him down. >> if the irates find you, remember tkeep them away from the mportant things
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artburn relief that neutralizes id on contact (announcer) at scottrade, our clto make their money do more. (ann) to help me plan my next move, i ke scottrade's free, in-b. plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade ke me. i'm with scottrade. (announcer) ranked highest in investor satfaction with self-directed services by j.d. power and associates. chars: it is time for the b side. tonight congressman jon bennett joined us and he is the co-author of the patriot act with george bush. w he is actuly fightinto rein in he powers that are pushing this new bill,
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snooping.rlywith the nsa suing the administration over this thing. welcome to the show, congressman. >> thank you. thank you for having me. charles:i guess a little 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 phne call, made or received,uring the oversight weidn't have that. the collection of data. once i left and we were doing the oversight anymore, the nsa really got out of control. first in the bush adminisation d then former intelligence committee chair the house said what obamaas beendoing and we have toring the rein in their spendg in. there's reason why ever innocent americans on call oug
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to be picked up by the nsa and then stored for five years or maybe even more. charles: did you sense that it had this kind of power? >> a lot of timeseople p things together and i also think, okay, we figured it all out. people figure o different interpretations. section 215 of the stock. bucould we see any of this coming? >> no, i could not see any of this coming in. as you know, the court and the intelligence committees e supposed to be doing oveight to revent the nsa doesn't go ld. this i filure of oversight more than anything else. the only way to stop any administration from going wild is bycongress for going its ability to do this oversight and i really regret that both the legislative and judicial branches did not do it.
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the church commission's recommendations in te 70s created the intelligence committee to put the brakes on the nsa and instead they have been stepping on the gas and acting as cheerleaders. that is why we g the problem thate have today. charles: where do we go from here? who areyou 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 vtimized by their own governmet? >> 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 sete committee that he gave the least on truthful answer. long lying to congress as a federal crime and he should be fired by theresident and prosecuted by the justice department. the other is doing it legislatively and senator patrick ley and i will be introducing leslation as soon as we an get this back from the
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shdown. the legislation will do several thgs. first of all that the collection ofphone records can only take place when the nsa targets a foreigner who is a member of a recogned terrorist organization. either in this country or abroad. the second thhng iswe are revising the court and any change would have to be public and it would be a public advocate that would represent the public andrivate interest. 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 reques they have gotten from either the nsa or the justice department to
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turn over and not specifying who they were being requesting fr. >> this isa bipartisan issue anit seems like to me a no-brainer. we are rooing you on because this is egregious and outrageo andis an offense to almost ery single merican. 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. charles: i would too. have a great weekend. all right coming u.s. taxpayer spent over $11 million bailng out chrysler. that's how it is repaying it. they should create 1100 jobs -- but in mexico? the unbelievable auto ba howdy partner. you're not linda. i'm filling in for officer owens. she used doue miles from h capital one venture card to take an early vacation. buckle up.
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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 to build commercial engines. that is almost the exact amount american taxpayers money. susan, they are forcing chrysler south of the border anything this is the reason this is happening? absolututely. 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 choice. cannot continue to pay the kind of labor prices that we have had to pay and remain competitive. charles: tat's ot 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. decades long topic thattyou are discussing right now. i thought we would dcuss whether or not chrysler is backstabbing u.s. taxpayers. to that i would say that you have to decide. o you want them to operate as a business or do you want them -- do you want them to do them what we tell them to do is the taxpayers. i would rather that they operate asa buiness. >> than they do both? this is the argument that i hear all the time that we are goin ensure and bring businesses back to america. so are you admitting that this is not the right business climate to actually bring businesses back to? >> nothing 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 toanufacture 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 decisiono make an investment in manufacturing in mexico is one of the capital investments that chrysler will make in the next dade, woold assume. i'm glad, i know that you're not, but i'm glad they're still in business. >> we have to let copanies make money. we want your money back from chsler and have them pay xes. they have to be able to make money and that's the botm line for any business. charles: i think that w are all happy that they are in business to do what we disagree on is ow they went about it. i belie that all of them could have found financing and we didn't hav to let them see this. that's a long and drawn out story. wean't have it both ways. we keep hearing others going to be a manufacturing renaissance in this country and one of the prime coanies that should be setting an example of this. >> yes, but right now there are
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600,000 unfilled manufacturing jobs in the united states and we do not have the skls to fill those jobs in this country. i said before that we have unions holding some hostes we have a multitude of situations. >> i was going to say that if this was strictly a union issue, they could be going to mississippi or alabama or a southern state where auto manufacturing is fighting a nonunion states. clearly there are more issues at play. >> the bottom line maybe not a complete stab in the ba but a nick in the back? >> agree thaa it's a boo-boo charles: this is serious stuff. not most double what it was in 1975. this after spending morethan $60 triion ont so-called war on poverty since 1964. susan, you say that it's an
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entitlement society that is fueling poverty more than anything elss. >> we have createdda society in the united states are we just don't have a strong work ethic anymore and pople expect to be talking about this. fast food workers wantto pay $50 an hour. weave a skills gap with all the unfilled manufacturing jobs and we ought to be doing this are giving these people incentives to stay at home and 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 gout and work. i know at at 34 letter word, they can go work and create and be a part of society ad economy to one of the same thing that adamold me about a week ago. would yolike treiterate that? >> yes, i would like to reiterate that, charles. i think it is insidious. certainly it is a clever suggestiono say that the moey spent on lping poor people has
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caused them to be more poor. we cannot prove that, butt sure makes for good situtis say it. but i would point out on specifically egarding the povey data that if you included the food stands that people had received that the data does not include, fewer people would be in povty, which suggess at least some of ese gvernment programs are helping people. >> youre king susan's point that it would suggest the opposite the people are not helping themselves. in other words that we have created a climate and 1978, the job market was up to 3% in the last time that we got it was half of th at 35% and we have actually created an environment where kids don't wanork for the entire state surveysays that one ofthe hings hurting businesses more than anything else is people coming to work on time. you're talking aboutskills. how about just setting an alarm
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clock. >> i have ru businesses my entire life. because i am the ownerwill be working 24 hours per day seven days a week. but hewill come to work, they come in late. they take at leastan 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 ur. look how great you look working 24 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, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (catcreech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give yougreat rate. i'd like that. a new way to bank. a beer way to save ally bank. your mon needs an al. [ mthat if u wear a partial,now
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it's like a sauna in here. helping you save, even if it's not with us -- now, that's progressive! call or click today. no mas pantalones! charles: at halftime and jpmorganan is getting throttled. not by investors that the government. the cmpany with a 380 million-dollar loss last quarter. releasing this statement. while w had a strong underlying performance across businesses, unfortunately the quter was marred by legal expenses that were very large. they are frofighting the
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government. to the mayoral candidate joe load on whether they are going after wall street. we did reach out t his opponent, but we are happy to have joe here. >> theyhave been paying a heavy price rhetorically. it seems that every time i pick up this there is anoth fine. >> yes, and theconressional delegation is very concerningin the senate as well as the house of representatives. they are not rpresenting the number one city in the city of new york. this is the goose that laid the golden egg and we need to diversify our economy and also understand that ll street is headquartered in the city of new york. charles: i see thisymbiotic relatiship to be fnk with you between washington and wall street. words like, okay we will get you or sort of treat you like
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the family cow, we will not do, could you every now and then for prinng. but we are not going to kill you. when things get down, we will ta taxpayer money and ul. fromthe outse it sounds awful, but it's like a game etween these guys and the taxpayers ultimately pay the penalty. >> yes, it was a true relationship were washington and wall street and wall street a washington. for many year n 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 thei politician petitions and it miset an tax themselves and ran businesses out and smart people out. who'd be on the cusp of that, something very siilar 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. charles: you jus talked about this. right now the opponents are pulling in and your opponent, bille blasio, is talking about the rich people and wall street. if new york has embraced that, what is the logical concluon? >> it is that they don't understand and relationship with how the world really works and how revenues come in and ow they are helpless keep the government in place and the social safety net that they fund. we need to continue to diversify our economy and so the see that mike bloomberg as in the high-tech industry. it is number two in high-tech companies and we need to expand that. we have the best medical schools in the country. the ientists are no taling about this always, these are industries that we needdto have unlike detroit which had all of its eggs ione basket. and when the auto industry
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decided go elsewhere, there was nothing else lik it. >> but how did you get the politics thae extraordinarily powerfuls a political tool? i could be making $75,000 a year. i used to drive a cab, but now i do not and i'm taking care of my family. that someone could rmind me thatthe wall street guys are making millions of dollars a year and how unfair that is to me and m kids and i buy into it. >> well, i have an opponenthat is driving class warfare right now with the campaign and the tale of two cities where he is pitting one against another. ut it' really unfortunate. here's what we need to do. we need to make sure that childrenare eucated and that we expand our economy and diversify our economy so tat we can get the unemployed employed and get those people underemployedbetter off.
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charles: i still hear what you're saying. but the way that you guys handle the money my kids can never get educaed. >> the gullibility of people 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 savior. i have to tell you that you are very politand successful. but you aveto be hitting the wrong nerve on people. this is not the st thing for them. >> that' right, we need have a owing and prosperous economy. income inequa in the world. but getting little bit too wide. but we also have the deal with the concept of jealousynd invigorated d the aerican spirit and themerican dream. i'm going to do beter 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. charles: it is not looking good
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charle collett wisful thinking. obama administration anticipating people signing up for t affordable care at by the end of open enrollment, march 31. but the numbers are in and showing that only about 50,000 people have signed up. so if the rate holds at this level, i' prett good with math and not add up to the president counted 5 million people short. tonight, beating obamacare. my next guest says thilaw is a huge mess. >> i was looki at your bok. 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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distord and illegally altered version. not this law at all. and they say la bohème, not really all be one when anyone ys that the law has been passed and we can't change it. however the wsite is up, it's an unmitigated disaster. i saw that everyone had a t of fun poking fun. but i think that the more egregious problem has t be the fact that people are not taking the bait. people seem to tool around. >> that is because tey are reeling from the sticker shock. don't forget the president said that this would be affordable. the fact is that the average person -- a man will pay ouble what he would before, premium earnings are up 99% of what they would have been.
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charles: i 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 ineractive map, they have udied the state-by-state. it's not affordable and is ot 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 deduible in the silver plan. a young person who writes a check for maybe $300 per month is never going to get anything back. how many men in these 30 to 35-year-old age categories ever go to a doctor. including the three were 5000-dollar deduible, unless they are in a motorcycle
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accidt or get an unexpected illness, heaven for bed, aer two or three months they are going to say, why am i doing th, i should be making acar payment. >> that's right. >> or it is also the hire of god a percentage of your income. so for families, those penalties will add up really fast. >> it still might be an option for someone who is on a tight budget. >> that is right. >> who isn't on a tight budt? >> there you go. you sawthis from one aspect to another. now it is up and running and we get a chance to see it. at is the prognosis on this and how to ep alive? we know they are determined to. how do they igured t? >> that will be a pr disaster. it is really hard to keep this alive. once you get in that pln come
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you can't to the doctor and hospitalhat you would prefer because to keep the premiums for spiking en more, they have eliminated so mandoctors and hospitals paying bargain basement rates. the one you always inform us, we always appreciate it, but it's always kind of sad. this is amazingstuff, really shocking numbers that we saw this week. have a g weekend. tom hanksalready getting some oscar buzz for his betrayal of katherine philips,ut the real captain screw is not happy about the movie at all, they are layered up and they are sung. >> we have been boarded by armed pirates. weill be all it's as simple as this. at is investments. managing them, moving them, making them work. we oversee 20% of ththe wod's financial assets.
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investment management combined. insighno one else has. brging theower of investments to people's lives. invested in e world. bny mellon.
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[inaudible] [inaudible] >> everything will be okay. look at me. chles: lots of buzz around captain philips. several crew members are describing the movie as highly fictionalized. owner of the attacd ship, captain phips ignored warnings to keep a safe distance office mulley coast and that is whye put thwhole crew in jeopardy. so do they have a case? let's bring in the lawys. when individuals as they do have a case and another says they don't. let's go ith how they have a case. >> i think that they have a huge payout coming their way. this isn't simply just a negligence case like the captain
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made a mistake, but a punitive damage case to the tune of $50 million. i had a chan to read throug that complaint today and let me tell you that there are soe strong allegations in there. e plaintiffs are essentially saying that the captain intentionally and willfully put their lives at risk. therere definitely facts t back that up here. charles: we know that hollywood takes extraordinary liberties. but to the actual facts of this really be such that the captain really did put erye in jeopardy? >> captain philips and this is nothing but back telling in itself. this is round two. the lawyers, they are the ones that will weigh in on this one in the white house. captain philips committee was in y kind of wrongdoing, why has he been so open about
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everything? he has done depositions alrea and he has spoken on tv several times, he's all the time i know tom hates smiling with him. there are plenty of attacks happening ere and you can't avoid it. your 200 miles away, 600 miles away, 1200 mile. or 1300 miles off the coast. charles: what o you think? >> i think she made the case for them right there. the fact of the matter is, let me finish -- [talking over each other] charles: okay, go ahead. >> in rder to prove a negligence case from you have to prove that they knew orshould have knon. ere is no spute here. it's not that they should have @%own, they had numerous hijackings that took place in the captain was won seven ties. seven times to stay at least
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600 miles away from the coasts and he chose to ignoreit. >> he was 240 miles away from the coast andth is where the attack took pace. charles: okay, let me jump in for one second, please. i wantto say that you brought up initially the fact that the captain 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 on. >> 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 neglligent. charles: the entire crew is almost unanimously saying that is groke 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 violated them and shouldn't they vouch for that? >> the reason why -- >> the reason why this individual was not named, and megan described it perfectly. he does not have the deep pockets to satisfy a judmen and it's not e lawyers fall. yore not ready to sue ssmebody winning or you can collect. yes, the ship owner is vicariousl liable. what that means is tt they are responsible for the conct 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 agre that this will besettled out of court and the pirates will win again on both sides. a spirited conversation.
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weewill have you back so and have a great weekend. as mark zuckerberg oks to protect his own privacy, he protect his own privacy, he keeps finding new ways to invade any last requests mr. baldwin? do you mind grabbing my phone and opening the capital on purchase eraser? i need to redeem some venture miles before mdemise. okay. it's easy to erase any recent travel pensi want. just picthat flight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hote too. you bet. now if you like that, press the rebutton on top. ♪ how did he not see that coming? what's in your wallet? how did he not see that coming? customer erin swenson ordebut they didn't fit.line customer's not happy, i'm . sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they maeturns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy.
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sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. pair. i'm happy. happy. happy. happy. happy. hay happy. i love logistics.
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chars: time for the blitz. this is a part of the show that you should be watching and discuss your opinions. ma zuckerberg and his palo alto mansion. security surrounding it. dressing this coming on the same day that facebook is telling that it's users can no longer hide its profiles from a search. to prevent guys for this. i want to start with you on us. hypocrisy aside. what about this?
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>> i still don't think that that is worth what everyone thinks that it is. social media, all about voluntarily contributing your information to the greates marketing machine in history and you have o onvert hem to paying customers. i don't care if it's 10 or 100 million of them. i don't like this. charles: you are a momentum guide, certainly they have turned it aroud. >> they have turned around in the stock, dspite all of the privacy concerns and the haters out there,,there seems to be too many. it continues to perform as does th service. i tink you're overselling it when you say that mark zuckerberg and facebook are invading people's privacy. despite this algorithm, they are s robust priva settings, which is not to share things you want to keep right on facebook. so people are getting a lot out of thisservice, but i woul not put much faith in this stock.
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>> a bu market. still much talkabout jcpeney. inging bck their old ceo, now the retailer is briing back its old logo as well. hoping that the move will soehow reignite her regain old customers. doesn't jcpenney needo do more than aogo change? the stock trades back in 1978, the old soldiers don't die but they fade away. jcenney had faded away and tis is a company that really dominated the retail states. ii erica cmunity tinnovate and ccmpete and they did not, which is why despite a logo change and evena ceo change i think the jcnney has a tarnished brand and likely will go to zero. >> i have to tell you he one that i go to is a hot mess. it's ridiculous. can pending rn this around in time?
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>> no, i think that th brand has had its heyday. it's sad because of iconic i the american schee of thng. but the private brandoesn't work him, the sales don't work. turnaround is promising, b omising and profitable differences ar huge. charlesokay wht is that? it is time for te nightcap. what everyone is going to be talking about coming monday. >> theyhad some trouble in the recent couple of months a it's interesting to see them come down. the net interest margin will grow as interest rates rise. that is why we have a lot oo biological base your. charles: sometimes companies can have great numbers and earnings.
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but these stocks struggled tod. two they did and a lot of them dead. i think that longer term we are still beating the market year-to-date and i the bet here is the sea of liquidity is going to artificially sustain things. if anything, that's why the banks are going to run. i don't trust them, but i think they will run. >> tapering, 2014 event. i'm saying 2016 before ratess actually go back up. >> unless you have derivatives traders that make it against the fed, that's pretty like. yellen many do everything she can to keep the rates low. middle america, sadly, is going to be sold down the river. >> jonathan is getting a waiver
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on his facebook account. they won't be snooping on him. have a great weekend. fantastic. we'll check the stocks. you're the best. have hot coco tonight. see you on monday. the fight in washington is just plain ugly. but will a settlement between the democrats aad the republicans kick the disagreements down the road? will it change anything? we're talking is the fight something destructive or something we really need? right here right now. >> from the fox business headquarters in new york city "the tom sullivan show." here's your host, tom sullivan. >> here's what i have at the top of the stack. we know the atmosphere in washington has drawn more poisonous over the years and the respect for our lawmakers has dropped as a result. but has our government grown too big and too powerful? is it time to finally have a showdown over what we want our government to

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