tv Cavuto FOX Business January 19, 2014 5:00am-6:01am EST
5:00 am
i say fix it. that's my "2 cents more." that's it for tight and "the willis report." thank you for joining us. have a great night and a great weekend. ♪ you beauty president oama region with little more than a slap of a secret decoder come a decode this. no way. he still has carte blanche to snoop on you and me. welcome,veryone, i am neil cavuto. president obama said he had no idea. so much of the metadata mining.
5:01 am
and many dadorecords and bank records and then for the president to say stop soaring all of those records, that is one for the too much to believe record. and the bottom line is that the nsa has been shaken but not stirred and clearly not stopped. as a agency that is abusive, far from arrested. so for all of those that think that this is ending, it is providiig a few weeks a cover for spies who might temporarily go into hiding. because that is the thing about james bond. how many times a day tried to kill him and couldn't. and lots of money and spies. that is why there was sky fall and that is why for size the sky will never fall. still serious and still upset.
5:02 am
larry is here and he just said that they are riski doing something that is unconstitutional. do any of the presidents actions to become for today? >> no, you're absolutely right in youranalysis here. first of all, this never would've come to life if no for edward snowden in mid-september and mid-december. the reality is that obama got caught with his hand in the cookie jar and the nsa has to come up with an excuse. and today put in charge of making the so-called reforms? james clapper, the director of national intelligence who committed perjury to congress and lied and said they were not spying and eric holder of "fast d furious" and irs gate, he has also lied to congress.
5:03 am
it is powerful and influential. and it's very likely that anything will happen. niel: so they throw this one and then another line. no matter how many lines that we draw in the sand, people just kicked the sand right back in the notion is that the president really doesn't mean what he says. you mention what is going on in the justice department and what is going on within the nsa and i look at the irs with an investigation that has been downgraded one that won't involve any crinal charges >> and that is the problem.
5:04 am
we have a government with corrupt leaders. those that don't tell the truth, whether it's any of these scandals or obamacare or whatever. but the reality here is that we are not against legitimate spying. and why was it necessary to get the metadata? it doesn't mean that the government isn't when access it.
5:05 am
niel: edward schmidt is going to talk to us about this. so bill, i'm going to you first. it is your expertise that has led to this crisis. >> one of the things that we suggested to the white house and the congress as one of the things that they should do to help perform nsa, it is to have a set that technical people are assigned to. because they are in the pocket of the agency. but all o congress where they are cleared and can go into the nsa and all the networks and the databases and see what is there. see the processes that they are doing and verify what they actually have had and are doing and make sure that everything
5:06 am
they say to the court sent to the congress and the administration and the republic is true. they are raining an end. >> howard? >> yes, and that is one of the issues that we wind up dealing with this kind of figure out what are those boundaries and intelligence pieces that we need while at the same time protecting privacy and civil liberties. it's really interesting. not as often as he talked about
5:07 am
homeland security and protecon of citizens. niel: what i worry about is that the balance between us, a lot of free speeches and it is focusing on the 2 degrees around a bad guy. like a terrorist group and that doesn't quite go far enough. it just talks about analysis. and that will lemonade that llection and also will satisfy the citizens of the unitst of states.
5:08 am
>> well, that is what the issue of transparency and openness that we had after 9/11. and that is one piece that we would have the inside to do it. and that is with congress. congress hears one side of the story and they don't hear the entire piece of it and they don't understand the technology. so as a consequence they are on the side of the intelligence that ss we will support this. niel: thank you both so much. the president is trying to tamp the nsa scandal down. but it keeps flaring up. need a guy who says they ar
5:09 am
involved in a massive cover-up. over a hack attack that will just not let (vo) you are a business pro. seeker of the sublime. you can serate runwaydiculousne. from fashionhat flies off the shelves. and you...rent from national. because only national lets y choose any car in the aisle... and go. and only national isanked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like pro. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order.
5:10 am
good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] introducing fedex one rate. so ally bank has a 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 your rate cd. ally bank. your money needs an ally. smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with ti release smartcontrol technology
5:11 am
5:12 am
niel: hack attacks that hit more than thousands of customers. robert says the target reach may also have hit others as well and it may not just stop with them. so what makes you think that this is coming from that neck of the woods. and it could be caught up in this. >> neiman marcus hasn't disclosed how much information has been breached. it seems that targets data is the information that was hacked. and i'm not sure that it was properly recorded. in th code shows russian language built into them aware. so it looks like there was a possibility that organized crime is behind this.
5:13 am
niel: to what end? >> it is to the degree that russian organized criminals. niel: so far you haven't seen a lot of people lose money. maybe they don't go to target for a while, they hold off. i always tnk that we are one step away from something far more serious. potentially millions of americans bank accounts being
5:14 am
blamed. >> agreed. so this is far from a big deal. i know that plenty of people whose credit cards were compromised. >> they were unauthorized charges that were made and they were coached by this due to credit card fraud and that is just the beginning. when our financial system revolves around this, digital information that is essentially stored in the cloud and those servers can service can be accessed by bad guys in this way to the degree where they are able to download this information in such a short periods of time. it definitely is cause for alarm that our system could be in jeopardy we don't get up to speed in regards to protecting
5:15 am
information that is in the hands of the banks and the retailers. niel: it is the warm-up to the follow-up of the more devastating world trade center stop. it serves as a warm-up to doing something more damaging to our financial syste >> you're not the only one without fear. i've heard many others as well. and our information digitized. we don't have paper as backup and they're so there's so much information out there and it's in the wrong hands down the road and it could cause a disruption in our economy is a significant attack occurred. >> robert, thank you so much.s .
5:16 am
bernie sanders on their case. not about how wal-mart treats its people without targets its [ me announcer ] thiis the story of the dusty basement at 06 35th street theld dining table at 25th and hoffman. ...and the little room above the strip mall f roble avenue. ♪ this magic momt it is the story of where every great idea begins. and of those o believed they had the wer to do more. dell is honored to be part of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ it's not the "limit the cash i earnvery month" card. it's not the "i only earn decent rewards at the gas station" card. it's the no-games, no-signing up, everyday-rewarding, ku-fu-fighting, silver-lightning-in-a-bottle, bringing-home-the-bacon sh back rd. th is the quicksilver card from capital one.
5:17 am
unlimited 1.5% cash back on eve purchase, everywhere, every single day. so ask yourself, what's in your wallet? i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting ntures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more cfortable and confident while you eat. super poligrip free made the ki an enjoyable experience. [ charlie ] try zinc free super poligrip.
5:19 am
>> do you think that we should raise the minimum wage so that those workers can earn a living wage and not have to get medicaid or food stamps? niel: senator bernie sanders over income inequality. liz macdonald said this is getting nasty and ugly and it is a deflection away from washington's promises.
5:20 am
what do you say? reporter: these arguments are raising the minimum wage, a lot of people get it and it's a great argument. and the senator has been for months now attacking the walton family and putting this is an inequality issue at the timee that media outlets including fox business, that we do provide retiree benefits and we do provide great an effect in terms of free health care, ffee vaccinations. and it's kind of a diversion away from the bad washington dc polici that are creating income inequality. niel: this health care laws getting prohibitively me expensive. there is a far better health
5:21 am
insurance policy for its workers. >> i think wal-mart is a much beer employer than it was 10 years ago. it provides a lot of health benefits and wages are going up and don't know if putting this on the debate is the right thing or the wrong thing to do at that we should be raising the minimum wage and that was something we used to do routinely in this country from 1961 through 1981. we raised the minimum wage 14 times in 30 years and we have been more stingy about raising it. if you're working full tme you'll you will be able to le a decent life. niel: i can see the argumentfor minimum wage. but having said that, i think it misses a bigger point with
5:22 am
wal-mart. thos that ha health insurance cheap, affordable health insurance. and only one out of eight workers did the shots that they offer. reporter: that's right, the say say that wal-mart is a low-priced shopping nue. and the thinn ishat when y look at this whole debate it's part of a broader picture that you're going to see asically in this midterm election year. we are in an economy creating what are caled low payng jobs. families are trying to raise the children needing the 8-dollar or 9-dollar or 10-dollar an hour jobs and it is driving wal-mart into this story. when wal-mart has been under fire for paying low wages. it's the first point about
5:23 am
washington dc policies and als the benefits packages that wal-mart is giving. >> we are losing sight of that. that leaves the american consumer that might or might not be perfectly willing in the belief is that they will happily pay more. consumers are picky and they tend to seek out the lowest cost. >> there was a recent survey of some of the top economist in the
5:24 am
country and what they thought was the minimum wage that would be good for the country and good for consumers. one third said that for everyone in the and the other third set not so good for everybody and the other say it is not going to make much of a difference. the thing about this is it affects him a lot and it will make a real difference. so for the entire size of the economy is an isn't infinite amount of the economy and it has very small eect on prices of things and small effects unless you raise it to this and do you think that that would have a substantial issue? >> i think that in most parts of the country if you raise the minimum wage, it would probably have a deleterious effect on
5:25 am
employment and probably prices. if you raise it each hour, i don't think you'dee those effects. neil: just don't get caught behind the wheel. now she has to google more. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. d, it says your afib puts you at 5 times greater risk of a stroke. that's why i takmy warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial,
5:26 am
pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa.
5:28 am
5:29 am
the overpromising commercials still leaving homeowners feeling a little bit like they have some odds. and so we said, your point is what? >> my point is that it's not illegal. the item is not illegal and they actually have other things and bmw, mercedes, all of these other cars, this is not illegal. and you can't stop technology. >> how did you ascertain she had these glasses on? >> she's part of the test study. neil: is very obvious. >> the claim was made by the officer and there are little trees with the snow on them. those are percale as well. neil: so the bottom line is this
5:30 am
is ultimately dismied, but your fear is what? >> my fear is that there's a public safety issue. the reason it was dismissed was the officer in this case could not prove that she was actually using the glasses they were on. so it wasn't dismissed on any kind of issue. neil: there were a lot of these upfront displays. >> i agree with those other items in their other distraions. just looking at a gps in your car is somewhat a distraction. so where do you draw the line? welcome and these are things you can do. horseback riding, flying, fire juggling, skydiving. they showed a girl in a wheelchair driving. and i think that people in wheelchairs should be able to die. but they were doing directions with glass and i just think
5:31 am
that there's more to it than that. neil: some of these others announced in the past couple of weeks with pandora, the dashboard displays, you should be driving. where you.line? >> aaa did studies and they said that having the information in front of you, it might be better. because when you are driving from your driving 50 miles per hour. and that car has gone 75 feet and that is the formula. so is it better to have it in front of you? >> you are right and this a little bit to the right. but it should probably be limited to only information pertinent to the driver. such as driving and speed limit and directions. it's already there. so all i'm saying is that we can't inhibit technological advancement. it's on the driver and the choice is the driver.
5:32 am
they havave the choice. put in a safety precaution if you want to do anything. >> when he states moving you can't access gmail or e-mail. but it gets to be a real hassle. >> i agree with lee said that maybe it should just be limited to certain things you can do while in the car. >> technology is not often pretty. neil: does he look like spock? >> you really want this guy is driving behind you to be a flying trapeze while he is also driving behind you? and i do see your point a lile bit. >> you stumbled around this
5:33 am
technology. if you cano things like horseback riding byers was to be driving a car. [laughter] neil: i don't understand that. >> how about the juggling? in the juggling while driving should be against the law. [laughter] >> the driver has be responsible. neil: they need to be responsible for their actions. >> i'm saying that i should be allowed to drink a big gulp pop if i want to. i choose not to drink the whole thing because it's my responsibility to drive end of responsibly to where the technology or not is mine. neil: f you get these things like ray bans, okay i'm with you. otherwise i'm not. meanwhile, democrats and the
5:34 am
president. we will have the update next [ male announcer ] hands were de for playing. legs, for crossing. feet...splashing. etter things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to ma, now may be time to ask about xeljanz. xeljz (tofacitinib) is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis. seris, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start xeljanz if you have any infection, unless ok with your doctor. tears in the stomach or intestines, low bod cell counts and higher liver tes and cholesterol levels have happened. your doctor should perform blood tts before you start and while taking xeljanz, and roinely check certain liver tests. tell your doctor if you have been to a region
5:35 am
where certain fungal infections are common, and if you have had tb, hepatitis b oc, are prone to infections. tell your doctor about al the medicines you take, and if you are pregnant, or plan to be. taken twice daily, xeljanz can reduce the joint pain and swelling of moderate to severe ra, even without methotrexate. askf xeljanz is right for you. then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath?
5:36 am
5:37 am
>> it's why she blew the whistle on the disastrous health care website. neil: this ad that blasts the health care law is not sunny for what's in it. the democratic pack. for this arizona congresswoman ann kirkpatrick, you can't run far enough from the thing. i actually think that this can be a preview. >> maybe there is a glimmer of hope that democracy works. when they have their backs to
5:38 am
the wall here and the great majority of people in their district state and locality are saying that obamacare is not working, they are very quick to run to the other side. and i agree. and republicans are going to stay, let's start over. obamacare is not working. neil: the argument that you hear is they give the plan more time. i think steny hoyer was tellg me try six months. >> i think it is going to go the other ways. at the the left is confusing sign-ups with actual pay and there is a fair amount of sign-ups even though the numbers are low but lwerer than what the administration wants. but when it comes to actually paying, people just aren't
5:39 am
paying and that is something that comes across the board. whether it is amazon or ebay or anything. but the number of people sign up for something is always far exceeding the number that they pay. the revenue is a lot less. neil: let's say that insurance companies are between a rock and a hard place, they will guarantee that they will never be bailed out, could they run up a run on very quickly? could there be a shift in marketplace based on the fortunes of this law? >> definitely.
5:40 am
neil: it falls on its own weight and tomfoolery. but it more or less seems to me that it is a drag on the economy this year. is that correct? >> it is more as you imply a wait-and-see thing. the health care industry has a lot of levers to pul. they have huge lobbyists and the plan can be rewritten. my gosh, through lower rates and better insurance and more market oriented.
5:41 am
neil: gary, thank you so much. this is what makes you such a nice guy, you are an optimist. the governor or the godfather. coming up next, the attack on chris christithat might have gone one step too far [ male announcer ] this is the story of the little room over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and theouthbound bus barreli down i-95. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had thpower to do more. dell is honored to be part of some of e world's great stories. at began much the same way ours did in a little dorm room -- 2713. ♪ this magic moment ♪ where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.?
5:42 am
5:44 am
5:45 am
an fired p. definitely going too far ,-com,-com ma still another, not at all sayingow chris christie acts. and one more, will they realize on the left and makes all things go part of his. >> i think that the last was right on. using public property to rig a presidential election which it looks like what the white house is doing with the irs. and that is worse than closing the turnpike. nevertheless there are a lot of people in new jersey who does work with chris christie thing that this guy is a little closer to tony soprano than ronald reagan.
5:46 am
>> there is a new head of this new how to let the free market go and stood by it than to have this kind of wishy-washy situation happen. on the other hand there are a lot of conservatives who don't like the fact that he has raised taxes overall in new jersey since he has been governor of new jersey. he raised this whole of the bridge about 100%. >> it is an overall increase. and so nevertheless, you love to see him telling you is public-sector union what the truth is and he is the first olitician that spoke to them in a long time. i think generally speaking there are more republicans moving against it now than in favor. neil: we will watch it closely in the meantime.
5:47 am
foreclosures diving to a six-year low. needing to t out of the way, letting the market works. get the government out. pick your bank with care. so once they get their sticky fingers and something that they never let go, talk about controlled situations. >> just as they should be getting out, they are getting back then and they ar pulling themselves back then. and this is a report that dates back to 2010. rejoining president obama in the white house about how to use executive privilege. number one in this report is to promote automatic mediation to avoid foreclosure. president obama thinks that everyone is a victim and that no one should be in foreclosure even if they are a deadbeat, the
5:48 am
government should jump in to help them out and they may use executive privilege to do that. neil: you talk about the housing rescues and mortgage rework. maybe they should look at the history of this and say that we are not really improving things we might as well backtalk. >> there are reasons for foreclosure and failure in the private sector and again he start out with the idea that everyone is a victim and thatif anything bad happens to anybody, it's going to be because they are victim and that is the free market is about. neil: google is now working on smart contact lenses to monitor your glucose levels and even help with diabetes. luckily at home are very skeptical about this. one person saying that like everything they have done, it will probably be followed. and finally, does it hurt your
5:49 am
eyes or turn the government is spying? >> took off your glasses like i just took off my glasses. >> yard he has those things. >> yes, i am a little wary of things and that's why we are glasses because i never liked contact lenses. putting something in a high, it hurts and i just wonder about that. >> it very interesting. i have a tendency to be suspicious and i wonder how closely. they have these fingerprint devices and won't do that. will you? i don't want anyone to have my fingerprint. >> i have a very mysterious
5:50 am
past. neil: the head of hbo and what he is saying. why some investors are saying that hp is going to pot (vo) you are a business pro. seeker of the sublime. you can separate runway diculousness... from fashionhat flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style.
5:51 am
(vo) so do we, business pro. so do we. go national. go like pro. there's nothing like being your own boss! and my customers are really liking yourflat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] introducing fedex one rate. so i c reach ally bank 24/7, but there ar24/7.branches? i'm soy, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches
5:52 am
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. take this simple test. press your tongue against it, like this. it moves! do you feel it? it can happen with every denture. these movements mairritateour gums. but you don't have to bear with it. you can try fixodent plus gum care. thanks tits formula, your gums become one with your denture. this helps stop movement and helps prevent gum irritation
5:53 am
5:54 am
does he risk this? >> yes, he dies. but i think that this is a very gutsy move and he is onto something. this is why google is always getting into it. this is not only the contents of the user's behavior and i think that by making this move they have figured out something about monetizing the consumers. >> tat is wher the internet is anyway. it is a democratization of content. how you create values of the proposition for investor and i think he has a way to
5:55 am
monetize the other 29.5 million that nobody thought of yet and i want to see what it is. neil: are there obvious things that are on the go? >> i think that they provide the content and it's intriguing to me and tell about you ingratiate yourself in technology today and that is what is interesting me about this. neil: some of you didn't believe me and that's perfectly fine.
5:56 am
morgan stanley blindly across expectations and i will tell you once again that the banks are back. there is a separate argument made and it's already reflected in those documes. and i still thin that there needs to be different regulations. but i'm going to go along for the ride. because i think that they are here to stay and i like i'm. neil:he argument for banks coming back. but they rotate ut with a more traditional sectors this year. when it comes to financials,
5:57 am
what do you say of this particular thing? >> it is to provide liquidity and the fed made it loud and ear. so really what you want to look for for the first time since the financial crisis began and how they are going to parse that money out and i think that you will go through additional training and loans and i think that it will go into basics like our retail and housing in our consumer base. neil: what is your sen neil: what is your sense of the market this year? and i mean, after such an incredible year last year. what do you see happening? >> if you look at history we are about the legendary bull market runs of the last 115 years. there's a lot of liquidity still on the sidelines.
5:58 am
people are not participating. this is a bull market everyone loves to hate. and i think if you look to companies that have good products those thgs never go out of style. and i am expecting this in 2014. so i'm enthusiastic even though i can't tell which way it is going to go. >> intel has a capital udget. if they cut back, that says to me that the pc industry has an ongoing shift into google into tablets and wearable devices that i think it's coming. but the only question is one. neil: a lot of their stuff is in there, is that right? >> yes, some of the
5:59 am
implementations or the ships they go into it. i think that they can make more. i'm not confident that its intel is the rest of the broader industry. neil: there're so many players but some of them have devices and apple is chief amongst them. >> that is right and this is something that's very interesting to me. looking at the relative difference is what is the form factor and what does this look li. and whn injectors, i don't know whathe endgame is here. what i do know is that we are integrating a technology that is downright scary to me the. neil: what you think of the whole google thing taking over the world, glasses, contacts, you name it, devices like the thermometers and other devices? >> you better buy a tom-tom and
6:00 am
a sundial. if we don't like this stage two. in the next five or 10 years the government will be able to track in ways that we haven't dreamed up yet. from an investor's standpoint . . ladies and gentlemen, imus in the morning. i thought, well, last night, i didn't feel well. i don't feel well today. i'm telling you now, i don't know feel. and i don't know what it is. nothing specific. such a long week.
96 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on