tv Cavuto FOX Business January 25, 2014 6:00am-7:01am EST
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to. thank you r joining us. have a great day. neil: this just in. stocks are not the only thing getting cold. did you check outside? that is cold. by the way, providing anoth headwinds from markets anytime soon moving out. welcome, everyone, i am neil cavuto. single digits and not much anyone can do in the more than half the country that is experiencing it and will keep expeencing it through next week. the biggest cold snafor so many and so long that it even has some experts think that this
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whole recovery is doomed. apparently the low numbers are pulling a number on the economy, the folks that can't make it in to work. a rolling government shutdown. the school closings in the business closis. the people not shopping. the retailers not retailing. the rumble that is now ally rumbling because it just isn't quitting. our very own guet on something else. the sticker shock that is coming. phil, i suspect that you're taing about a utility sticker shock? >> you bet that i am. we saw natural gas prices earlier today g over $5 for the first time since august of 2010. nd we have experienced energy ergencies across the country. shortages of propane, heating oil bills going through the roof. right now it is in a crisis mode. already if you think about just the heat wave, if you go on and
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look at the billions of dollars that it has cost the economy, to go to work, this can just be the beginning. you are going to get a double whammy if you're running a business. your prices are going to be a lot higher. and it's definitely going to take a toll on the gross domestic product. neil: what is interesting about that is that this affects people who are not justin the weather affected areas. it has a profound effect on people all over the country and then all of a sudden you do have to start readjusting the gdp numbers as well. and cole cold-weather equals higher transportation all kinds of things that we will factor in a much broader economy. you are you're talking between 200 and 250 million people.
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we are looking in the neighborhood of .2 or .3% of the gdp. neil: to whatever experience you have in that it all evens out. duties suspect that that is the case or that might be different? to i think that well. i think at some point we will get this back. what is going it's going to do is invest more in infrastructure. we have been asleep for many years. because of our opponents, the production of natural gas prices have been low, heating and oil prices have been dow. so we are not taking into consideration that we could actually winter. the last five winters have been warmer than normal. we have taken a loss a fair approach. i think that we have learned a lot of lessons here. if you face your business and what we have seen that is warmer
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than normal, that may not be the normal. it may not be global warming. you will have to change for the possibility that we will see more winters like this. more demand in the future, which will demand more energy and infrastructure. neil: if you are planning for business 20 some people are ving a tough time getting to work and others like customers are having a tough time getting to your shot. that has effects of its own. >> yes, it does. it raises the cost of production if you can't get the materials into the assembly ine. it raises labor costs because now you have insurance and activities and other things that have to get factored into it. maybe haven't unacquainted to deal with. you have to take people off the ster. there are a lot of things when it comes into play. this is a quarter to from now. so the myth is that this is going to be short term. and this is a big enough storm that five years from now we are going to be thinking differently about the weather. th is really the lesson that is being driven home today's. neil: thank you both so much. stay warm.
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and then there is this. >> we continue to put 90 million tons of global warming pollution into the atmosphere every single day. that is one of the oceans that are warmer. the air is warmer and the droughts are deeper in the floods are bigger anthe ice is melting. neil: let' say back here a lot of folks talk about global warming because of the ridiculous cool. so david, it is no surprise that the dow would be there and bemoaning global warming. it has been a clear focus. and you were telling us that it was going to get so long in the winters that we wod need bermuda shorts. so now we recalibrating to see
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what fits our fancy? >> yes, it is bizarre. not just because those of us in the eastern half of the u.s. are freezing, but because claims are supported by science and a really science fiction. huricane sandy, we had a ndred times more likely than it was 30 years ago. you look at the numbers not there. and there's low confidence in there being any relationship with co2 and the weather extremes that he is talking about. neil: when you talk about this, whether you want to attach that to man or not, the idea to jump them and take that as a multi-trillion dollar fix that isn't borne out than you on
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slippery slopes here, aren't you? >> yes, the very slippery slope. again, those extremes,e don't see that pattern that we are asserting. he wants what is going on? when you have seen these huge climatic shifts and people have not attached any hstory for saying that this is part of a. >> we are like mayflies more than we are like tortoises when it comes to geolic timand perspective on that. if you look at the data, you can go find out the noaa website. you can look at friends of her case. it is loud and doesn't seem to be related. so there are ups and downs.
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this doesn't disprove or prove anything about climate change. but i guarantee that next summer al gore and his others will be saying that this is the weather that is climate shift. >> aainted climate change and then they said that the heat and the cold is all part of this climate change. so no matter what you point to it's global warming and its ridiculous. >> it is unbelievable and that is exactly right. and we are seeing all of that sort of stuff and i have so many models tht say that we have a model that predicts this or that. they are all different models
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but none of them are predicting zero warming that we have seen for the past 10 or 15 years. neil: absolutely. thank goodness for guys like you. i appreciate it and i learned a lot. thank you. >> to give ravening. neil: think fast. i know what you are thinking. they are both great answers. believe it or not there is a lot [ tires screech ] [ car alarm chirps ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles we inspect, analyze, and recondition each one,
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neil: okay, i don't know. i suspect that justin bieber was tuning into mc hammer and here's why. look at police mug shot. it doesn't even look like a mug shot. to whoever came up with the idea of smiling and what is supposed to be your most embarrassing moment. the photo in which her enemies will always look out. he famously left off things by smiling and his mug shot. others have done the same thing. because gone are the cap'n
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crunch vendor shots that just get played and replayed. this is my personal favorite one and i think that everyone should have that cost him now. with me now is a guess that can definitely help us. so how do you keep from making that moment look like an embarrassing moment? >> you think about the young and impressionable fans watching him. he's smirking and smiling and not taking it seriously. he looks that he's posing for the cover of tiger beat. and so he's here in the background of knowing that he's going to be far more famous and have that streak red with his fan base and it will do wonders for his career. it won't do a lot for his personal life. because it's been reinforced for
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his bad behavior to repeat it. neil: i always think you should never let them see you sweat. never let them see when multi-moment by not looking like him and not moment. >> it's a fine ne. you don't want to have a crazy out of control moment like you said. at the same time you don't want to. this way. neil: he combed his hair, it looks a little deranged. [laughter] >> yes, but i still think that you don't want to look glib. you don't want to look like i'm too big and too famous and too intelligent. i'm too important to have any of these charges are accusations really matter. the. neil: so you look like a smartass in some cases. >> that is not what you want to public perception. you don't want to look scared either. because that could imply guilt. but we look at these pictures
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again and again. neil: their famous mugshots that seize on this. they don't want to look like they are vulnerable or give their enemies any gloating. so they are interpreting it as their moment to say that i'm going to get past this and i think these charges are stupid. so i am not getting caught up in us. >> justin bieber had his sleeves rolled up exposing his tattoos and he was posing for pictures. when he got out of jail while his adoring fans, as if he had just been serving a harsh sentence. neil: it's very interesting that this stigma is lost to paraphrase it. but these can be good moments for these guys because the bad boy and bad girl image, miley cyrus comes to mind. they can actually help your
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career. >> yes, h was a young pop star and now he's trying to become like eminem. he is definitely going to get credibility from that standpoint is a bad boy with an edge. neil: that is to. >> we h a one of the bad boy that was skirting the whol story of things like what eminem doesn't know he has a rap sheet. neil: he made it sound like he did it by design? >> is pushing the envelope. >> exactly. >> i think he is pushing the envelope to not be a one ofthe bad boy and be a bad boy. i don't think he eventually got arrested. neil: he seems like a nice young man. i don't know him well. i hope that we are not watching a train eck of. >> the last thing i think he was known for was growing up on stage. the. neil: so nice to think of that. we're going to take a break. ladies, thank you. he is getting bashed for not
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>> i believe in putting one city where everyone rises together. and that core concept of shared opportunities and shared prosperity is animates my vision that many feel is returned as a nation to all of us to the mayors of this country. to address the root causes of inequality. we know what is best for our own
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people. the. neil: do not dismiss this man. he wants to raise taxes on the rich. despite the folowing, nevermind this governor kean a lot of his ideas. a lot of far more liberal mayors are swing a big divide in our party. let's just say that the clash for the cash is alive and well. liz macdonald says folks should have let down their guard. adam lashinsky says just open your wallet and call it a day.
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and which are not here to tax. >> salutes the middle classes when they get taxed. >> this is by getting the small businesses out to basically fixed income inequality for you. it's the. neil: the one thing that confused me about the mayors push. and of course he was saying i'm glad you're on my same page here. but to what end? >> welcome i guess there is a difference.
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whatever the process as. neil: you are a gentleman and i am not. this is justifying a high tax to justify because that is really what you like. they areknown as tax cheats. by the way, is that they can adhere to velocity are not technically cheating. enough people will stay and pay their taxes and the same thing happens in califoria. most people stay and pay their
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taxes >> i'm not sure the small business guy think he's a tax cheat just because he's trying to organize his tax bills around a very onerous system here in new york. the. neil: it's human nature. if you can live anywhere, you live in a lower tax area. >> but you can't really do business that way. and liz is saying be careful what you wish for, you could get that tax agreement, but it's an hill battle. and that is a ood thing for the mayor to be doing.
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if you're a san francisco fan, you have to befeeling horrible. the game could've gotten to go either way. and e got caught up in the emotion. >> let's say someone doesn't like that. doesn't make a difference and do they take it out? let's say does it hur the seattle seahawks? >> i'm sure that he will be in the locker room on sunday. but you're going to have a great game on sunday. but that's just me. and because you are very big and more these, you would have a loved these teams from that area.
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this. >> i think it has a lot to do with t connection. and next week are we are thinking about jerseys. and this is where roger goodell wanted to be there. >> i dn't believe a word of it. the. neil: what do you think? >> roger is a man of his word. >> i will send him a care package. [laughter] neil: meanwhile, is that simple? it's more like child support.
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neil: the baby is crying but the thought father is rattled. a judge ruling that a sperm donor in kansas, if he is the presumptive father of a 4-year-old girl, that means he could be on the hook for child support. now, he is appealing all of this >> the law says that the process administered by a physician, you are on the hook and you are not
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waiving all your rights. it is some weird this, like dishonest advertising on craigslist and entered onto a contract with these women and those types of situations don't trump the law. neil: when you make of this distinction? donating some sperm, this is working through nefarious means. or maybe just social means to go to a sperm bank so it nates all that. they were looking for a sperm donor, he agreed to do it. he said as long as i have no responsibility i will help us as being possible for the couple.
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in the conxt is that he has no parental rights of responsibility. that is it just because these lesbians wanted a child. the mother who actually birthed the child went o disability. so she obtained $6000 worth of benefits for the child because the law doesn't recognize lesbian partnerships or marriages. they can' go after the other mother that would be the other partnein this case. so the state is looking to recoup their money and they are the ones seeking the benefits for this child and going after the sperm donor. the. neil: i'm getting a little antsy. >> it's a creepy topc. >> you are view could talk about
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this. >> you're going to have a chilling effect. >> if it's on the best interest of the state, kelly is a lawyer and should know that this is law 101. neil: a lot of people aren't lawyers. but i'm responsible for that down the road. >> remember that there are certain medical procedures and this is to otect everyone in the situation. and to make sure that the procedure is not just giving us two lesbian women or whatever. and it wasn't the right procedure. >> how'd he know that? how do you know that? he's trying to help them. how would he know that he contracted away that you want to
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have a child, but i don't want to come back on me. he held up his end of the organ. the. neil: the bottom line is that he could be in a lot of trouble. >> if you'd want to give your sperm way, don't do it. neil: john boehner, not letting go on leno. go on leno. he has republican [ 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.
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>> i told my colleagues in july that i didn't think that shutting down the government of obamacare would be worth it. and i said you want to fight this fight, i will fight the fight with him. but it's a ery predictable disaster. people have turned on us in still another. the. neil: the obama administration is very salacious info from the nsa. destroying the party from within.
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>> the folks that live there including congressmen and senators, they think that is the whole universe. they are working because of a partial government shutdown. it is because the world has come to an end. they were actually doing a little bit better when the government was partially shut down. and i think that was a good thing for the republicans. 90% of the population is 10%
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inside the capitol. he is one of the 10% inside the capital and there's a whole world out there. neil: millions in medicaid, we know that the program has a little known clause that could let the government seize your assets after you die in order to pay those medical expenses. that is killing a lot of our twitter followers. one writing the very take everything. and finally they say that the government deserves it. >> the thing is that they lure you in with all of these things. you can have the same benefits that poor people have their
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medicaid. and then you realize that once you are in they have lowered this thing so much with you can get in it. terry reed, but administration officials, all of these new medicaid people are signing up. the its medicaid folks and there's a lot of strings there. the. neil: now over to senator chuck schumer. >> the tea party shut down the government in october. their mantra it dramatically shrinks government and our problems wll end. it is a ndamentally false but not effectively challenge the
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( josh speaks ) ♪ a little help fromp above, fit to make... ♪ a message from the foundation for a better life. stated this is serious china got a lot of the u.s. celine and speeding up so what do you make of all of this? are they getting worried as well? talk about a correction in order to pentagon of bag the tiered with the year drug of last year t i did that the get what happened. >>ow we're down almost the last three days almost 500 points.
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that is what they get after a big run up to say all right ashley market is going down further. forget about china this is a natural reaction to the great 2013. >> but a higher velocity? >> but he is absolutely right. >> maybe if you raise his pay a little bit that would encourage to. [laughter] but essentially but
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sometimes it goes down this way bu they love that. >> playing off of volatility but all lot depends on earnings and sometimes they will use any excuseecause the company's earnings also okay are nothing to write home about even the biggest corporate sues are cautious about international growth, microsoft is just nice. bases all on anything. >> the country i right to be cautious. i cannot remember where they have not been just a little bit cautious. in taxes going up across the board with everything is
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rosy thank the farm. >> starbucks latest quarter they're starting to grow more slowly. wound people pounce it is all this about nothing. it is about expanding all over the place. >> starbucks is u 25 percent over the last year it is a very well-run company and you could say they did not hit the estimates these are excuses' after the fact. starbucks is up and will continue to. >> i agree except one thing it does so well run great company but so are companies like wal-mart and microsoft and eventually every since
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2009 it could be there injuring some mature phase of a growth cycle you could put another starbucks on another street corner in manhattan so growth prospects are limited there's still the supermarket in distillate great copy shop. they viewed those great days of growing. neil: it is slowing down. ♪ it happens to all of us. now what you are looking at tonight's or monday? >> i am not that shortsighted. not what happens next week or next month.
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neil: this is what we do on a regular basis for you are a giant in you can ignore it to. [lauter] cement guy wants the same raise. >> it is said buying opportunity i seeing they will have at least one big up day next week i am looking for a turnaround in the markets. >> nobody talks about the implications you have a 50% tax that is not did you just give away. neil: now you just trying to make up of for what you don't know what you are doing. [laughter] stated the union address is
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on tuesday starting 8:00 p.m. the only place you king get simultaneous market reaction as he is speaking the biggest names the only place to get a ♪ ♪ connell: welcome to the best of "imus in the morning" from new york city, i'm connell mcshane here from our studios in midtown manhattan. it's good to have you with us this morning, we'll have the journali and author jim lehrer to get us started, in fact, the first two interviews today deal with the jfk assassination. jim lehrer was anchor on pbs for many years, but he's also been the author of a number of best-selling novels. his latest stas with a premise that's true, lehrer was there on the d president kennedy was assassinated,
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