neil: here you . >> am sorry in this situation based on assurances they got for me. the one he s sorry but that doesn't mean he taking anythingack now. and he is fixing it on-the-fly. a look at how that is creating a bigger fly-by-night situation. welcome, i am neil cavuto. the president has a techie.

they found out that it's worse than they hought. and thisis a hacker's victory. now, i is all lies some of these guys starting from scratch, scratch that because the president is doubling down antrying to redo it. and while i have the feeling that it's all about that, you know, i don't know this, ut i did find a prettyarn good tech person who has a good idea. and he is is responsible for the wanting out pesylvania avenue that should have passed the test of time. and teresa has some ideas on how

the president mighstill be able to salvage this. knowing what you did in knowing what they have to do, this is the major leap year. but go ahead, what do they do? >> my heart goes out to the tech team because they are working 24 by seven affixes. in th first place, i get that playing out, and i would meet with american companies like disney and amazon and fedex never get that outside advice. neil: this is about catch up. but where those guys to say and

we are hearing from a lot of techies that that is what they are encounteng. >> stabilize the system and then make bad or do we need to actually build somethgnew. but the key right now is that we have to get this right. and thenen make those decisions later. neil: president bush met with every emand and traffic that would rise expontially. and i don't know the rollt and how it is on the time of day, eb could tell you that but how important ishat gauging affic demand when people want tt get onto a website? >> it's critically impornt.

i wou expect that they should have hour by hour recordrd to tl them when the peak times are and also when customes are getting mpedat should be apparent in warning people about the peak times to stay away from the si. >> a1 people keep tremolite again. and the systems simply can't le t traffic or servers or whether you need something bier or i d dot know, at what point is it -- what we got isn't suitab and we have to start from scratch >> i think that ou need to look at the team and you need to say

that is this fixabll and ask their opinion because they are the ones that are going to know whether or not they can for more band-aids on and make it work or if really band-aid isn't going to stop the hemorrhaging. and once thee get through that they would work together with the security team and i would say what you think. does this have a shelf life of a year or two years or do we need to do something different. neil: presdent bush h a medicare prescription drg pla that was reall not paid for. but eventually they did get it done and people were able tt take advantage of it and what critics are sayi qassam one with the president said at the time. at lea getting it ruled out ruled out. it got there. what do you think on the laer scale? >> we have a lot of unanswered

questions since i'm not sure. but one thing i'm not a big fan of is sort of big bang approa is an in three years were going get a system and any features and functionality once we get the system wel we deliver them in 30 to 90 day increments. and now we learn a lot about the customer experience beyond that very intuitive. >> i think we need to take it on a smaller chunk instead of long deliverables. neil: when i was kid i used to prepare my parents were straight grates on my report card so if they saw a couple of low-grade, they thought that i was being goofy. honestly they didn't harn my advice. thann you so much. the one switching gears here, in washington, te economic revery being cut at the pass. it did n happen despite all of the doom and gloom.

more indications of really good and and t used to drive the lateral government to a standstill. the way that they had a disastrous amount of sequestration steps. >> no matter what. >> clearly the early read on both and is is that they do not do the harm thatas feared. >> i hope that right. is thati like it was a joke, but ther's now a group of people saying that maybe the shutdown was good for the economy. >> they got more data between august and september, the numbers were very solid. and if that continues, i think

th what that would be a very good sign that the economy will recover. >> so so much for shutdown, what you say? >> well, you know, the impact, these numbers hold, these impacts will not be as negative as what eople anticipate. we have a major bed of this going here. then they say that that happen despiteobbama's. nei i do want to get into that, get inside your head to understand whais inside what is going on. whre is there a sense with republiccns until the emperor

th he has no close. >> it's a big question. a little inflammatory. >> they were able to set their exchanges in a timelyay. neil: let's talk about the website. does anyone tell the president that it's not going to be that way? >> i doo't know. i wasn't there in the run-up to this, but i think that in this case of the group of people in the individua market were getting notifications that they can kee their plns come and

they have a switch to different plans, this is a thing that is applying his something like 2 of the country. neil: we don't know about that percentage. >> 5% in the market total. as for more than half of the people are either ither to receive the current policy or are getting some animosities be one what you think will happen next year exchanges, private and otherwise? >> i think that some might. but ou have to remember the context of apple debate was people saying this is a government takeover and it was like they were going to lose one private insurance option but five other insurance options to choose frm. the bugab that they were

comparing to was that it wasn't a government that was taken over the etrance. d a narrow slice of the market is going to private sector. neil: i love you derly. but i have to tell you there's a strategy there. it was a brillianwoman the goal all along might've been either you are lettingout where i can appreciate that we might go to a single single-payer >>they re saying let's forget it or whatever. that let's just make it clear that i undrstand the. neil: i understand. i'm making it pretty clear. to the republicans are not allowed. it'always good having you. okay, let's move on. coming up, the president kicked off health insurance.

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>> so this is a win-win for american worker is old and small

businesses. see won te employees have the minimum wage nw, what if your businesses are contracted 3% per year. and you'rerequired to pay that at 3% more. it doesn't reflect what the reality might be. >> well, there was a study in 1994 in the american economic review by kruger that ought to be looked at in this regard. there was no impact by an inease in the minimum waage. what we are increasing at an aggregateedemand and will spur the economy. you have to remember that the purchasing price that eople have had from the $7.25 iis lowr percentage power purchasing that they h in 1978.

kea could talk abo the average family of four. neil: including what we have to think out is legislating what we can and cannot do. in other words, even when we sold the health care reirements. i'm going to hire more part-time workers, we already have that as a reason exampleof when the government ran something down your throat. finding a way around it to adjust to the cost. even we've had a transition from manufacturing to the service. with that, the service has been like a high proportion of the expenditure. and we are seeing a downward cycle and we are seeingamerica that has a work and this isn't a

counter diction. and there are $8, $9. >> all that would have to go. it's easy to sound callous. but everyone have to go up even if they have an underlying business. >> for that employer in that small jo and that manager has to make a choice that. >> most of the individuals,s, they have to make situations work with a lowe wage employees and this is beautifully crafted as a package. small businesses and they will

have a major tax break up to a half-million dollars a year. that is good. with the situation,ou take mcdonald's where pple are pushing this wage, and tey are working just as hard as anyone else. >> it's not about that. ne: do you think that average americans than would happily pay more for burgers and fries and sodas or for aything. >> there is a moral imperative. do you think that amera would be okay with this. neil: do think america wld be okay with this? >> i would like to see america identified woulddlike to see aa

identified with the standard of living. >> 80% of americans favor an increase in minimum wage and 90 pursue this in percentage terms. >> anything but that will result in the value? >> theroader issue is what americans eat. >> mcdonald's ought to pay their workers. a decent wage. it's about the minimum wage and a living wage as well. the. neil: do you think americans would user socia sense with whatever you want to call as a

cost-conscious worker? looking for value, those people would not. >> those who work, full-time workers on food stamps. what is going on here? >> that an answer. >> the people would pay more for goods,. neil: okay, you elieve that. >> they will bause we are in a race to the bottom in america. we will become china were whatever's. neil: talk about the person who's aying me for that burger. okay, dennis, i's a pleasure. in the mainstream media, they are going nuts over these food stamp cuts. they are actually spam scheme of

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>> breakout the violence because e medi goes full throttle on government benefits for the 2.1 billion people the unemploym benefits if will run our the next year and food stamps will be cut back. i did not say t back tax saving the taxpayers' cash? trying to save money.

with me now adams says this is a heartless debate. a lot of people who have the jobless benefits over one year they were extended and extended a had extended again the argument for stopping it it is getting long in the tooth? >> when is the right time? it is impossible to agree when is the right time. i don't want to say this is completely harmless but there a school of thought that says cut this off in those people always say you have to always cut off a school of thoughsays there is never a good time. i think while the economy is shing you know, what to tell people. neil: you said it was koweit well. >> it is improving but that doesn't mean these people all want to be on the dole.

neil: oking at food stamps sold many americans have food assistance that depression-era levels it is 50%. surely there is a way to fine-tune this to look at this better without looking like a the heartless sob. >> y are so right. to create a lifestyle genetion we have to cut at some point where will the ney keeps coming from? we cann keep barley and spending with the personal responsibility. when i grew up if you took a handoff from the government it wasmbarrassing now people think it is there right. >> where's your evidence we have created a lifestyle

neration? >> if you include all type of food assistance it is a one out of three. out what point do you think it is too ch? >> let advancer. >> user. >> is somebody we are assisting can eat meat segment or eight-- per week. but ey cannot afford to have meet any day per week said we step bid to help them g their protein. neil: maybeethen carve out a niche for the genuinely needy. and so if you wt to scale back the programs you lo heartless but spending this

much money you think we ar zambique's. it is not so awful that many genuinely do. >> there is a lot of abuse and fraud. but it is significant over $2 billion we have to cut that out and stop somewhere. when it comes to unemployment fifth thing thatakes me mad as a small-business owner this administration wants me to hire employees but of my business goes under theoys get unemployed ---the employees get unemployment but i don't for putting myself out there as a

small-business owner. neil: is it too big? >> battlefield confident do judge. every government program has waste and fraud. but you don't just want to y be will help people out. neil: wondered why the young people don't sign up for the health care law? maybe beuse they looked at the cost and said out of sight. so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise yr rate cd.

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i have a great fit with my dentures. i love kiwis. i've always had that issue wi the seeds getting under denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it'slinically proven to seal out more food particles so you're more comfortable and coident while you eat. super poliip free made the kiwi an enjoyable experience. [ charlie ] try zinc free super poligrip. neilhere is why a young people are not turned on. it is a rip-off says current syracuse university professor who has been busy crunching numbers for you found interesting things? id like to it as. >> once upon a me was president of an insurance

company and when i began to hear and read reports of kids just out of college 18 through 26 cohorts those provided voluntarily i begin to think about the numbers of the true cost. the remarkable thing is this is the healthiest populations, the lowest users of health care and we gin to see stoes that people's premiums are up to a hundred percent. i thought policeman looks. is a rip-off and the data shows tremendous into generational transfer from older kids to the beneficiaries so i did use the word ripf because it is unjust and unfair to charge youngster's mother under their parents' plan for have to buy it emselves or be fined at these rates.

the private system or young people in general that says we don't care what it was but we know what it is we pay the penalty and suffer the consequces? >> irrational thing is to pay the $95 per year and not take coverage. the answers our rational i would bet the numbers will ll us they are not buying but taking a tough line instead because they are not irrational veils they see first mother is a mandate they will never use a and they know they never use a doctor they are extremely healthy and they know that these rates dents into their in, and this is a group of kids you don't have jobs because of general economic conditions than they ar already dealing with the university that you and i @%ve never dealt with they

are not sure they're getting a job they're not sure when they can buy the first house are with the to start a family. neil: you get a sense it is like a one-size-fits-all program that ty're just rolling the dice and these penalties will force the into these types of plans are not making a difference? >> they shouldn't. kids is smarter than the govement gives them credit for. i choose toationally not by care now live in a car accident or assisted lead the of probable happens with it a horrible case of some disease but then i go by insurance there is no ririsk. neil: you can get it right then. there is no penalty you coulde through a

pre-existing condition and get it? >> like fire insurance my house gunfire i will buy it right now. neil: a good analogy. thank you very much professor. what if i told you ther i a guaraeed failsafe indicator that will predict how this econo will fare in six months? nothing to do with housing just right now this number does not look good. what that number is. after this at od, whatever business u're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio,

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neil: they say the economy is all psyology of they've feel-good they buy stuff. what does it say with small businesses start cutting back? what if it is of the banks

but the customers and small businesses? then you have problems that he has seen the numbers for himself then recovery has proble. >> weeare down aroximately 20%. neil: because you cutting back? >> we havelenty of money to lend out but theroblem is ourustomers are so skittish a and afraid what he i looking at is interest rates fluctuating up and down. lot of uertainty. he is looking at the government, obamacare, where the government did not come across like they said they would. now they look in january to have the se problems with potential the government shutdowns that we just had.

neil: how does that affect somebody there runs a bakery in st. louis ? >> very simply they are very concerned about their customer. the people coming in which is how they make ney. if they grow and borrow moneynd use that d expandhen there is no demand. neil: i just want to be clear so they see things through the prism of the potential fear if it is a shutdown of the obamacare rollout then they would rather be guarded? >> absolutely. the same way. >> pure business erotically is improving. >> they are so skittish ian afraid because they look closely into you. gary and what happens if a government

shutdown comes and last three or four eks? >>owe good of a barometer is it? what does it tell you? >> it tells me there is no leadership in terms of where we're going giving small business a chance to expand and grow and feel good. neil: if you s us cut back does that correlate? >> absolutely. i cannot lend money to these bunesses they cannot grow how we create jobs? it all boils down to having these businesses borrow money, grow, pay you back and create jobs. neil: they don't express enough optimism so growth is limited.

>> community banks we are in the trenches and keep our fingers on the pulse and over the past few months i've predicted this would happen because of the uncertainty we get our information from talking to our customers. they give us the information just like they get information from their customers. neil: and you have been right. i hope you are wrong but i would not bet against it. that is where it isthat. the goverr and the w york city mayor getting his way.

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neil: time for you to let loose. [laughter] said that is the best you can do? david has said is here to react. the food police efta moves to they had transacts frozen pizza, the pie crust, aicher pcorn my entire food pyramid sums to a follower sa has been added to mandate? government has no business to monitor. >> on dash sticking their heads in somethg that does not belong. >> no cnnolis ever? >>. >> it would beffnny if it wasn't so horrifyin. i am horrified because it shows how far we have gone

from the founders' intent to limit government. neil: ben franklin had issues of trams that. >> but just the to about how they will enforce this? that they will have real food police to close this town we talked out with the trans fatty put out the information of the damage it may cause but then the usage does go down some folks will eat poison they don't care but 80 percent of the people have stopped eating it as a result of studies. neil: the hazard today is not the hazard later on. >> but hermit cave when he ran the national restaurant association and everything in moderation?

but that point does not come hometo the government? >> but that governme is established to prevent governments from telling you what to do. as long asas you are not botherin somebodylse's pursuit of happiness. >> ben franklin said early to bet early to rise of the betty should have some french fri. >> allotted you grrrr about the elephant in the room how could this make it to print? another calls it renewed a and cliche regard this have a new one feels about christie it is and dehumanizing. >> as long as they spell the name right it is ok. good or bad they got t sense when attacking mitt romney to say i'm sorry.

but you throw stuff at him they throw it backnd they will throw straighter and harder. neil: i seek you are right but to use fake always going back to this, a commentat on another news neork said this. >> i dye my hair blond as well but it is not even a magazine the last time it is about this thick. i am not saying anything that is so i got into journalism that it does bother me. neil: used fake? >> any publicity he is the one that will unite the various parties of the republican party to bring them together. we have problems after

hurrane sandy but even though he has tea party sympathies he does not have the stigma that people try to put on people like him. writing for the presidency has a lot to do with something important. neil: day you really think he is all that? >> good or bad? neil: great civic id he is the most formidable candidate tthe republicans have right now obsolete. neil: we willee mr. smart pants. >> how aut consulting customers? is the women who should not be wearing them you are the problem. as a biness owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards.

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neil: we have of blitz right now lulu lemon is outraged as the ceoays the sea through yoga pants problem is another product defect get some women's bodies just don't work in the pants. you und like an ass if hit a the moneymakers is bad business? vicki shows the new yoga position floods in mouse. when the retail executives insult their clients? at is so bad for sales resaw abercrombie and fitch then the guy who camen from j.c. penney. forget it neil: it takes a long time to overcome it? >> if i am the boardd of director i call with the ceo to say obviously you are too stupid to run your own company.

les get somebody a little smarter and get him out. neil: he is one of the -icest guys on the planet. marvel is skiing networks going straight to netflix to develop fourew super heroes series. >> it is brilliant. netflix has come out with e house of cards, oranges the new black the series' only on netflix i don't know if marble works out but it is not our fault that will be something else i thinkt is a fourth network out there or the fifth network. >> one-third of the bandwidth because of netflix bigger than facebook and is still cannot get the content deals so comes with its own

cartoon san superheros that is the way to go they do very wellt the box office by and just waiting for superhero neil cavuto. >> they get their shows on a device they are not slaves to the schedule or time. this is e way we're going. >> buckle up for all of those watching look at the year to date to under 60% we are looking at the future right now. neil: what about the established ones? ♪ >> even the established viewers are looking at netflix or hulu.com and the whole picture is cheating with television. ♪ neil: that is a lullaby. what you look at next week? >> i am still looking at technical. the thursday was -- on

thursday the nasdaq was creamed came back on friday we need ebay and google to make new highs in order for the market to revisit through the four quarter. neil: are you worried about a bubble? >> yes. but the p/e ratio is half of 1999. i look at the individual mandat if it does get the groundswell of movement on the part of democrats in washington d.c.. what it does to ensure that. neil: the president says space nike still sticks to his guns andhen did terms are coming up people are getting cancellations right in time for reelection you could see the mandate delayed. neil: will this be big issu one year from now? >> i hope so. [laughter] the the that is when weill

see hundreds of millions go off the of health insurance do. it will be huge. neil: i appreciate it. >> another recoron the dow. >> putting out fires left and right this week. naturall another model lesson flames. before the zero company burns to the ground. that is our starting lineup tonight. even when they say it's not the man is always about "money". ♪ melissa: tesla could be headed for crash and burn naturally. for the third time in just six months the company's selector car caught fire doors in the landscape