tv Cavuto FOX Business January 22, 2014 11:00pm-12:01am EST
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>> ♪ ♪ ♪ ne: and you thoug that shoppers hatted tot. what is it about this company? welcome, i am neil cavuto. because the companies are dropping their health insurance and bats. target said that the health care law is a problem and it's making it vy expensive to keep covering part-time workers and if you think that this is just
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target, you are way off target. because remember all of those fast food employers? they got carveout in the health care loss of a could provide coverage and there's a whole are pretty mad. >> we are still feeling our way around. nobody really knows where it' going. there's no definitive on anything. and, you know, you have to do what you have to do economically. i don't know that target is dropping of people, just as we have talked our people. the government says that that insurance doesn't fit what they say insurance.
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neil: the irony being that you didn't have to cover part-time workers. >> i think there is a bigger issue and that there was a study done that 70% of the american workforce was unengaged. where does the loyalty shift? d now i ship them to the government. neil: let's say applebee's was to do this. and then i was to go to another fast food restaurant and they might offer this, the way that
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this is going they are all going to drop it. and then everyone is on the same playing field. and then you have 100% unengaged. neil: you should look at the bright side as a business guy. you are saving money but you are getting more grief? >> we are not saving anything. at the end of the day your best people are the ones you look after the most. people are appreciative and i do have a heart that beats and it's a two-way street. but if i take this. >> we still don't know what you're going to do. but how do you make it out? do you increase the pay? what do you do to say, okay, i
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can't control what i'll call sam is doing. but here's what i can do in the interim. >> is a very good question. but the government is increasing the pay alrey with the change of the minimum wage. and we don't have anyone that i'm aware of it is a minimum-wage worker as such. but i think that there are companies that the model calls for mimum wage. not because they don't want to pay their people but because when this model was created to us it was an entry-level job who put people in the queue as they moved out. and it has become a career. so they never really changed the model the data set pay more for that work. neil: where does this go? was a more to the point of this is going to pay out among a lot of companies with part-time workers. but maybe that was the government's goal all along?
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>> it has been said that the single-payer system and what have you, it might be the government's goal all on. where does it go? i think that we kn it's not real data because of the unemployment that is going on. so that is not a real fac. figures don't lie but liars figure. we are getting lots of figures. neil: it is always good to see you, my friend. in the meantime, a quick quiz for you that addresses the same point. how would the white house able to count thhse workers with potential new sign-ups with president health care coverage. leaving out the nasty little
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details. technically the administration is right to call them new enrollees. but that doesn't mean that these workers have been enrolled. so where does this go? >> they are going to countless and the whole point was to get people uninsuredthat they are insured. and these are people who were kicked off of their insurance in their kicked off of their insurance and have to launch obamacare because they have no other choice. they are the reason and obamacare is a reason why they were canceled. neil: be that as it may, the government can say you were kicked off your plan they look at target and kill against silicates targets fall and not the governments of.
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the next wave of cancellations will be employees. neil: you are saying beyond this part-time workers and eventually at this time the employer mandate will kick in and they will have to make a decision or done them? >> exactly. that is the next big wave of people area in which is really bad politically considering we have midterm elections. so right now the employers look bad that people are not stupid and i know the reason why this is happening and when it comes time to vote i think that they are going to show the democrats how they feel about this.
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>> the good pr aside is we came to your rescue and you don't think that they are going to be working come november or not? >> i think that right now it is working. it is just the beginning. i think further down the road when we start to hear about more cancellations because of health care, there is no prstrategy that can hide those stories. and why not the employers look back. and change doesn't go down well. >> step on the street and you should see some of the flakes. do you think that they are done
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hiding? au contraire. >> this could be an aspect of global climate change. this is the quicksilver cash back card from capital one. it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for rerds each quarter" card. it's the ngames, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-joking, turbo-boosting, heavyweight-champion- of-the-world cash back card. thiss the quicksilver cash back card unlimited 1.5% cash back on every purchase, everywhere, every single day. now tell me, what's in your wallet?
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neil: it is cold outside. how cool is that? and feels like 20 below zero. in chicago. twenty below zero. not much better in new york or washington. but that is not putting anything on this global warming hysteria. we sent our representative right onto the street and talk to the folks at. >> you believe in global warming? >> just. why? >> yes, until we get cold weather like this. it seems to be overwhelming. >> it seems inconclusive. >> you think the cause is worth sending billions or trillions of dollars on? >> i think it's something we need to think about.
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>> i think that global warming is a little bit more complicated than the lal weather event. >> i'm concerned about the future. anyway, a lot of folks so meteorologists says that we should stop listening so what is behind all of this whether? >> well, what is behind this is a similar weather pattern it's
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amazing how folks go back and look at what happens before and it looks like that is what is going on now. and we described what is going on here. and this is achromac kind of shifting in the u.n. that has been pouncing on the wrong data. is that right? >> yes, ey always we have an agenda. because i can actually show them things that would make a rebuttal for the argument. but it's something that makes me say, okay, you have to keep taking a look at this. on the other hand they have some excuses. so seven years ago we have three
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reasons based on the oceanic cycles as well. and they have three of those excusesdown. and the fact of the matter is that when i bring this up it shows you that i go back and match it u these folks have no interest in t in one delusional or deception is your guiding light, it's really sad. neil: to bring it back to money matters it would be a mistake for them to fix a mistake. monies that mighte wasted regardless. >> i don't begrudge anyone their opinions. except for one it's crushing th american dream. i believe in my country and i
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believe that this should be a more prosperous country. and i see folks saying they have no basis in fact. one e cap is below normal in the southern ice cap is so much below normal that they set record high every day and it's above normal. so when you start looking at all this and put it together after these years of looking at this, i think that these folks have no interest in the correct answer and in their answer and then their agenda. neil: up a lot to talk about. >> figure for having me. neil: in the meantime, governor andrew cuomo releases his new budget. and may i show you ground zero in the battle for the democratic
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>> i think those can afford to help a little more. >> we lost the very wealthy to pay a little bit more in taxes. taxes incree by an average of $973 per year. >> we think it's fair and appropriate test those with donald a little more. neil: don't say we didn't warn you. no matter what, new york city's mayor is going to do his best to raise taxes on the rich. by the way that is getting to be a less rich group by the day. but i digress. my point is that the new york democratic governor, he isn't exactly going on for the ride in his most vocal statement yet.
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laying out a state budget with a series of tax cuts. he says it is key to bringing business to new york. and if so, the sign of a very big progressive pushback. so ron, what do you say? >> i say that i think that governor cuomo is waking up to the political reality and i in new york, but the social warfare policy doesn't work and obviously he doesn't care about taking people people out of new york. so he's with bill de blasio on him. but he wants to pass this budget.
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and there was an election yesterday on this platform. and andrew cuomo must be looking at these contests. in new york city is by no means a swin city. he is going to run on now. and if you look at targeting small business owners and we have a great unemployment and still structural unemployment and it's a bad time for them to shift and talk about income inequality. >> i don't know where this ends but i do know that this i a very fierce and heated debate
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>> it's a little bit different and than when we talk about the u.s. mart as a whole. neil: less than a hundred million? >> well, we have a lot of friends in that wold. they are well below that. we have seen that and we experience it in those affect everything. the way this all ties together. and it is already up a point as well.
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>> i'm kidding, it's very generous. neil: what i'm wondering is do people get spoiled with easily write country and low rates? >> they have definitely done so. and they think that i can get this home that i wanted andit's a estion of portability. and that could cause the last problem that we get into. people can't afford the homes that they were in.
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>> and there's a point where you start seeing them emulate this inventory and there's not that many hundred million dollar home buyers. it just doesn't exist. so does get a little troubling when you see these incredible condos and everyone is trying to average this. and that is a little bit troubling. because what you do that inventory than? everyone wants to be in new
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york. you have an extreme outlier case but you can makehat the norm. neil: we got to talking about this issue and this was just a couple of days ago. >> are you running? >> we are considering all the options i can deal with donald trump. neil: if he doesn't run, you are? >> at donald trump doesn't run, it's very likely that mike long will give me that conservative not to run. yes. neil: i think he and your dad have chatted. is your father running? >> i don't know. he is definitely looking at greater aspirations from a national level. i think he is just generally disappointed with the way the state in the country has been run. and he has been very vocal.
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neil: it is such a pain to run and it would be so disruptive to business. >> i think he is showing what he has done and i think that he has done a lot of things and so it is a question of whether he wants to do it or not. i don't think that he can take it to the next evel, taking it through some hard times.
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and we tried against the president and the political systemthey will try to tone it down. and they can disagree and they can ultimately come out. people come out of the voting booth. he has strong opinions about where this country is going. neil: is it like a little joe kennedy deal? >> for me i'm torn between two thoughts. i'm fairly liberal on a social platform in many respects.
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so way that we are structuring we have to be extreme on either end and then become a little bit more moderate and i think that that is something that perhaps could work. perhaps that works better in a state like new york and it's a little bit more frequently. so it's not a big deal. and i might as well have killed children on the front porch in front of millions of people. neil: are you a replican or democrat? >> i am generally republican, but i'm not a republican-republican. not with that mindset.
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neil: that's what got me thinking. would you support him if he was running for president? >> i guess it depends on who he was running against. so when we come back, timothy geithner. did he threaten the s&p? was the only ratings agency before the meltdown. was that also because to knock america's credit rating down [ male announcer ] here's a question for you: is your tv powered by coal? natural gas? nuclear? or renewables like solar... and wind? let's find out. this is where america's electricity comes from. a diversity of energy sources helps ensure the electricity
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of the dusty basement at 06 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall f roble avenue. ♪ this magic momt it is thetory of where every great idea begins. and of those o believed they had the poweto do more. dell is honored to be part of se of the world'great stories. that began much the same w ours did. in a little dorm room -- 271 ♪ this magic moment ♪ neil: forget chris christie. heas nothing on tim geithner. and he is now that the former
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treasury secretary back in 2011, after the s&p downgraded the u.s. debt, then it would be met by a response. and you have to wonder. the government was suing for high ratings to all of the junk mortgage debt before the meltdown. and what about the credit rating. no one can tell better prosecutors otherwise.
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we had three have three ratings investigations and only one is sued. especially when the treasury secretary says that there will be a response. neil: that is the parent company for the s&p 500. so you could glean even fm that as well. the conventional wisdom is you speak not in code because that is too criminal oriented. to speak guarded th carefully. and he didn't say that we are going to see you in retaliation. and the point is they know how to play the game. but the point is that they have
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a point in this lawsuit. and i forget that they so that they are going to pay them back and i'm not suggesting that that is the case. and i'm wondering if that is what they look forward to. doing all that stuff with cars and noisy areas. and if it proves proven that they were singled out because of the downgre, because i came at a very affordable time, the other ratings agencies didn't do it. and it stood out forhat reason.
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and what does that mean? >> there's a number of prosecutions with the prosecution of the former governor of virginia. but the point is that they fall in this radar and it's fair for you to raise the question. three of them are under investigation. which is they are going to be some response. it doesn't mean that he's going to be a lawsuit and that they will sue you. >> there will be some response. >> so when we come back, my business calls about that eye candy. it's very sweet to look at. but it turns out that someone else has a trademark on the word
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neil: what is this video doing back here? color sexy or hot. just don't call her candy because as sweet as kate upton might look, candy better not be the word that you use to describe her. she is not the one making a big stink out of this. but candy crashes. they say that they got the patent of candy. so those who use it better press charges. so this is going to lead to a whole bunch of ads.
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can anyone trademark a word candy? >> in this case is candy crashes trademarking word candy so they have a 30 day timeframe in which the government has allowed them to review the use of the word candy. but it is not an overall use of candy cane or candy bar. only fo the use of acts that may be competitive with this game. that is where the technicality comes in. should anyone be able to do it? well, it's a little old. but they say it's our name. neil: if that is the case, i'm
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going to trademark hunk of burning love. [laughter] >> because that's what you want. [laughter] >> i think that it is completely ridiculous. and we are talking about kate upton or whoever you want to talk about. they have applied and been granted a trademark for not only this application but also for clothing which is extremely broad. over whether or not they have the right to trademark candy. i do something just don't think that they do. neil: even when you do, and so
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anytime you're saying happy birthday. >> that is all a trademark copyright. in this case it would be the use of the word candy that people can use or download to their application in devices. >> i don't know if it will stick in a broad sense. to use it ju a matter arena. so if you are thinking of usin it, you'll think twice in attaching candy to the video then we can be looking at this. >> that's right. and they will intimidate some smaller businesses.
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neil: google has a porn in its eye, a third party google glass sex app, google already said no to porno on the go by banning sexuallyic plac explicit materin its glasses issue scott. is there an app for this yet? >> it is getting there. you would go to me first. i should ask you as hunk of burning love guy.
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neil: me thinks you are being condescending. >> i know what i say. there is one thing going on, the buzz b behind google glass, whih i love, you know, here is another thing, you have a video out there was you doing it, they call it sex with glass, which disgusting, you have that video out there, do you want risk of it gets somewhere, it gets deleted like a snap chat. >> but a remind irof bit by bit, how google e emerges itself inr world. listen. that is -- sex is a number one
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seller. but, thing is when you think about it vhs won fight over beta max because of pornography and sex, you think about the great amount of traffic that sex and pornography, you know prevail on the internet, it makes sense. i'm not saying i support orood or bad, but from i company perspective, a great move, like scott i own shares and you continue to own them throughout this sex with glass thing. neil: well put, forget whether you have to plug i in, if it is tough getting in just get out? when it comes to small cars, big chance you will get hurt, if you are in a bad accident, really big chance could get killed, 10 of 11 cars surveyed of ultra small category, failing crash tests. good on gas on the highway but not so good veering off.
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what are reverbiningations, whao you sell or buy. >> one thing that happened suv market is gas prices, they are down over the last 52 weeks, they are going lower. suv is back. you see that in luxury brands as well. range rover, some of those companies they have benefits from this re renaissance, suvs are fun with a lot of great technology, back to google glass, great regards for cushion for the pushing with regards how bibig your car is. neil: i can't believe we went back to the going to old story. >> sorry. >> night cap. >> existing home sales are out tomorrow a lot of people have been talking about this, for last 6 monthshey have been on the decline. i want to see them beat, but i don't think they are going to, i
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think we'll see a miss. neil: scott? >> mr. softy, microsoft, earnings after the bell tomorrow, you know old tech getting tonnea to the new tech. they are looking for that ceo they can't find. neil: how are earnings do you think going to do? scott, closely scrutinized. >> you know, momentum has not been maintained that is prob lee a reason that the market has been in such a bad mood year-to-date. so it something to watch, after we got good financial numbers last week. neil: i heard ibm saying what we got globally is what we'll keep seeing not much, so that hardly portended a boom but maybe? >> i agree with scott, i trade an earnings based service, we're seeing continued weakness in
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revenues, there comes a point, i have been talking to my brother about this, if companies can't make more money in sales they cannot equate it to earnings. neil: all about >> tonight in true napolitano and john stossel what more could a girl want? baby and a baby or four kanye west to leave the country but we will have the later. it is raining men. is "the independents". kennedy: i am candidate with "reason" magazine editor in chief, who tells people what to think that welch. also kmele foster is with us and together
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