tv Cavuto FOX Business January 26, 2014 6:00pm-7:01pm EST
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neil: this just in. stocks are not the only thing getting cold. did you check outside? that is cold. by the way, providing another 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 experiencing it through next week. the biggest cold snap for 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 numers 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 closings. the people not shopping. the retailers not retailing. the rumble that is now really rumbling because it just isn't quitting. our very own guest on something else. the sticker shock that is coming. phil, i suspect that you're talking about a utility sticker shock? >> you bet that i am. we saw natural gas prices earlier today go ovr $5 fo the first time since august of 2010. and we have experienced energy emergencies across the country. shortages of propane, heating oilbills 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 just in the weather affected areas. it has a pofound 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 coe 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 nd 250 million pople. we are looking in the
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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 ifferent? 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 down. so we are not taking into consideration that we could actually winter. the last fe winters have been warmer than normal. we have tan 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 me people are having 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 line. 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 roster. 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. that 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 and the ice is melting. neil: let's 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 would 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 really science fiction. hurricane sandy, we had a hundred 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, we don't see that pattern that we e asserting. he wants what is going on? when you have seen these huge climatic hifts and people have not attached any history for saying that this is part of a. >> we are like mayflies more than we are like tortoises when it comes to geologic time and perspective on that. if you look at the data, you can go find out the noaa website. you cn 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. >> attainted climat 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 that 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 believe it or not there is a lot more to that my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk oa stroke. that's why i take my warfarin every day. but ask your doctor mabout pradaxa.
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you are gonna need a wingman. and myash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. 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 looklike an embarrassing mment? >> 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 t 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 line. 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. >> thais 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 career.
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>> yes, he 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 abad boy with an edge. neil: that is to. >> we had a one of the bad boy that was skirting the whole 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 of the bad boy and be a bad bo i don't think he eveually 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 wreck 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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plowing the snow. now he's calling on all u.s. mayors to pick up a shovel. it makes you want to pick up a shovel, doesn't it? >> put simply, weare in the midst of an inequality crisis. giving cities the flexibility to set their own priorities and we know what is best for our own [ me announcer ] this is the story of the dusty basement at 06 35th street the old dining table at 25th and hoffman. ...and t the little om 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 power 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 ♪ ♪ this magic moment (voseeker of the sublime.ro. you can separate runway diculousness... from fashionhat flies off the shelves.
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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 following, nevermind this governor kean a lot of his ideas. a lot of far more liberal mayors are showing a big divide in our party. let's just say that the clash for the cash is ali 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 bacally 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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whever the process was. 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 are known 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 california. most people stay and pay their
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taxes. >> i'm not sure the small business uy 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. it 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 uphill battle. and that is a good thing for the mayor to be doing.
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if you're a san francisco fan, you have to be feeling horrible. the game could've gotten to go either way. and he got caught up in the emotion. >> let's say someone doesn't like that. doesn't make a difference d do they take it out? let's say does it hurt 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 the connection. and next week are we are thinking about jerseys. and this is where roger goodell wanted to be there. >> i don'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 othe 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 things, 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 negates 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 context 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 on disability. so she obtained $6000 worth of benefits for the child because the law doesn't recognize lesbian partnerships or marriages. they can't go after the other mother that would be the other partner in 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 spm donor. the. neil: i'm getting a little antsy. >> it's a creepy topic. >> 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 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 protect 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 knowthat he contracted away that you want to
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[ male announcer ] this is the story of the little room over the pizza place on chestt street the modest first floor bedroom in tallinn, estonia and the southbound 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 the world's great stories. that began much the same way ours did in a little dorm room -- 2713. ♪ this magic moment ♪
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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 very 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 tere. 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 it's 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 will end. it is a fundamentally false but not effectively challenge the
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neil: gary b. smith and wayne rogers dropping in on the problem. if you've got copd like me... ...hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spirivis a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropiumr does not replace fast-acting inhalers forudden symptoms. tell your ctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation.
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i can finally be in two places at once. [ male announcer ] call today to get adt for less tha$2 a day. helping protect your business, is our business. adt. always there. stated this is serious china got a lot of the u.s. celine and speeding up so what do you make of all of thi 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 but i did that the get what happened. >> now 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 veloci? >> but he isbsolutely 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 but they love that. >> playing off of volatility but all lot depends on earnings and sometim they will use any excuse because the company's earnings also okay are nothing to write home about even the biggest corporate issues are cautious about international growth, microsoft is just nice. bases all on anything. >> the country is right to be cautious. i cannot remember where they have not been just a ttle 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 swly. wound people pounce it is all this about nothing. it is about expanding all over the place. >> starbucks is up 25 percent over the last year it is a ve well-run company and you could say they did not h the estimates these are excuses' afr 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 corr 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 slowing down. ♪ it happens to all of us. now what youre 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 basi for you are a giant in you can ignore it to. [laughter] 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 if 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 that is it see you tomorrow. kennedy: today is mlk day, we take stock in our dreams, feel our feelings, and president said some people don't like him because he is black. that sounds like backyard thinking that -- backward thinks that got us stuck years ago. we have too my laws and imprisoned ourselves from as thafalsesense of security. i think it turned us to a bunch of overly sensitive cream puffs, everyone has a cause, no one is immune. let's get drunk on ideas and discussions, this is the
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