tv Cavuto FOX Business February 10, 2014 8:00pm-9:01pm EST
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they call it the farm bill, after all, you don't like it, you must not like farm irs, this is what happens to me of time i dare question sacred washington cows, i get butchered. welcome, i am neil cavuto, it is now latest trillion dollar law of the land, the farm bill that did you not help farmers, i went through it line by line, to hear critics tell it, you would think that i'm doing lines how dairy point out that catfish are
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getting 170 million in -- studies, a fat cat that gets fat off of subsidized hogs of the land. who are you calling fat? >> you hate farmer that much? no, i hate washington screwing farmers and putting their name on a bill. spending money on nothing that has nothing to do with farmers that much. hey neil, try i next time, if that includes spending over 170 million to monitor catfish game already over, to be fair, vast majority of e-mails were far more supportive than opposed. sam, in atlanta writes what part of broke can't they understand. and we keep this up we're all going down, or sip -- skip.
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like you said, republicans signed off ito this that makes them all slop. you are right. i start with those critical e-mails to show you it is the same thing all of the time, if you are going to stick your neck out get ready for someone to try to chop your head off, remember, the bike pin on his lapel that wanted to double the gas tax. >> you are talking about doubles the gas tax and acting like it is no big deal. >> i did not say of it not a big dial. neil: how can you guarantee the new money you want from this won't compound the same. >> i just finished indicates to you that inspect studies from businesses -- independent studies from business, republican. neil: have you no idea. or this. from a former -- secretary of u.s. who had the same idea to
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fix roads and bridges. >> i am proud while at dot we spend 48 billion. neil: wait, can we account for money that that been spent and where it is going. neil: i wish you were right. >> i am right. neil: okay find. the same argument. before you ask for another dime from us, what the heck have you didn't with billions you have already gotten from us, you would think i was clubs baby seals, the basketball babies -- budget babies do not stop. we want to know why some in three americans get some form of food assistance, are that many of them at risk of starving? i am the bad guy. i am for keeping them poor and humphrey just because i ask -- hungry just because i ask for
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acounting of the money. it is not worth the hassle, there are a few brave souls saying stop the madness but media is calling them mad for bringing attention to the madness, that is madness, ted cruz was not so mad or crazy for bringing american's attention to this big government madness. he had to absorb for taking a stand against a portion of the madness, talking about this, how it is going down, but first kate rodgers to keep track of all of the spending, kate. >> if you thought that one trillion dollar farm bill of bad, you should see first area of spending on unemployment benefits. so senate democrats had their latest effort shot don by republicans last week, they are expected to push again for $6.4 billion to e10 long-term
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unemployment benefits there are another 3 months, this expired in winter, they are look to extent it again, the next area is a billion on innovation centers, that president bush has pushed for -- president obama has pushed for in the country. neil: the money and allocating part -- a lot of times it gets tucked into other pieces of legislation, you almost don't know it is there, but it is there. >> i spoke with citizens against government waste, they said there are 16.6 billion dollars in savings in that bill. >> amazing kate rogers thank you. neil: no wonder some say, just stop the merry-go-round, no wonder that business as usual crowd is already slapping them around. with me now, sabrina shafer, the
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problem is always the same. if you dare bridge attention to this almost as if the mainstream media zeros in on you for doing that. >> remember the republicans have little political leverage at this ., but i don't think that american people have a stomach to continue this kind of spending bing with this debt we're facing. neil: a lot of people don't know what is going on, we brought attention to the food bill or farmers bill, immediately they said, you know a lot is food stamps which we did get in to separately, that was a sin because now it is to. 1 in 3 americans get food assistance. if that membership need that. we're blow za mozambique, it was sold in the idea tafs it
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was a farmer's bill, in other words everyone loves farmers how could you be against it. >> we know that as much as you know farmers like to present farm bill as preserving small american farmer, this is corporate welfare, subsidies for big staple crops. but in this bill, 80% is going to food stamps, we have talked about. we're sure not the best way at helping americans get back on their feet. neil: you have to wonder when you call that into question, republicans or conservatives for starving people, no one saying those who need stuff will get stuff, and should get stuff. i would stand back on catfish, i would let them go. >> well, one thing i think is really important that conservatives emphasis is that by opposing the kind of government largees, that does
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not mean we want a do it alone society, what is important to recognize this government growth crudes out civic society, it decreases our ability to defend on ourselves. neil: there is the other detail that we don't have the money. >> a big one. we really can't afford this and there are better more efficient ways of helping people on the local level. neil: thank you, good seeing you. >> thank you. neil: the issue of accountability isa huge, with billionaire carl icon he demands on. he is not one it sit on his set talk to you face-to-face, but he makes a exception with us on fox, a rare face-to-face chat with probably one of the greatest movers and shakers in corporate america, on what he makes of a washington that tone deaf, he said, corporate
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america, with a lot of its ceos more tone deaf, kids you might want to prepare to cover your ears, carl icahn is loaded to bear here tomorrow. >> crews out of control, why ted cruz is ready for a fight, itching to let the president know, you want the debt ceilingg hike? show me what you are going to cut. they are in for a good old texas fight. neil: you ever wonder how it is we only find out now about that san jose utility attack last year, you know where a lot of armed gunmen took out a power station, and just disappeared into the night? i want you to meet the guy that wonders what else we don't know. and what else could be coming our way. peace of mind is important when you're running a business.
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this california utility last year. , a lot of asking, why are we just finding out about this now? armed men shooting out transformers, and fiber optic line, carried out before disappearing into the night. before police arrived, they have never been apprehended remember. you have argued these security breaches, they have been increasing, are only going to get more so. right? >> yes, thank you for come having me back, this is stuff we've been talking about for years, an ak-47 is a low tuck weapon they took out 17 transformers on a unprotected power station we should look at what we have not been told by
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fbi and homeland security. and what we can do to protect the stations. neil: you know what was weird to me, i was schooled on this after the fact, a lot of these substations are unmanned facilities. so, you shootout that equipment, in this case, they potentially could have taken out power on all of silicon valley, it done happen that way, just crisscross of the grid is such that, a few more lucky breaks no pun intended they could have taken out power to much of western america what is going on? >> the real question is whether there is international terrorist group or a bunch of guys crazy militias who know enough about the technology of a power station to knock it out. neil: to what end? if you do that and you are homegrown frustrated local. to what end?
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>> i don't know. those guys usually condition organize that much. you know they don't have the reach and power of international terror groups issue they can screw up a three-car funeral in a desert, but somebody like al qaeda or hezbollah or any of their ilk, a lot of them can operate on that scale, they could be rehearsing this looks like a rehearsal for a larger attack on west coast, east coast or anywhere. neil: i was thinking of idea of rehearsal many likening world trade center 1993 a dry run for something more devastating in 9/11, i know these guys in very little time, they took the facility out minutes before police arrived, and not apprehended since, they are no dumbies. >> they had the skill to know what they needed to anything out, they wanted to knock things without that would not attract a
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lot of attentions, they did not shoot the transformers, and let them blow up, they shot cooling fins. neil: they knew what that were doing. >> they scattered out several day or how long in advance they had someone go up there and mark the trail, they hit the station at night, they had a place several places marked with piles of stones, where you could get best vantage poin at night with nightscope, they knew what they were doing, i am concerned this is a dry run, we could see it pop up anywhere at this . neil: scary stuff, jif babbin thank you. >> thank you. neil: a bit later why power plants are not the only targets, your cash is also under attack. and the bank can't even keep it that safe. but first, america love it or leave it. i thought that is what they were
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can i watch it in glimmering lake? yep. here, too. what about the dark castle? you call that defense?! come on! [ female announcer ] watch live tv anywhere. the x1 entertainment operating system, only from xfinity. neil: in tonight's clash, where are you going with all that cash? the number of americans renouncing their citizenship is up. this is not hike the woodstockers, a lot are the go getters, they are getting out while the getting is good, they had it with high taxes over the top regulations. craig said good riddance, chris said good luck,.
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luck. >> your argument this is a bad trend, one that bears watching. >> thank you neil. almost 3 thousand people left the united states last year. can we be surprised they are doing this? companies have been leaving for years, regulatory and tax infrastructure and regime here is just so opressive, you have good company sends jobs abroad, why not people follow? there is nothing in this world that would cause me to leave this country, i love it, i believe everything it stands for, but if these people top leave, and go, to hell with them issue let them g get out, don't let the door hit you on the back but we need to understand why it is increasing, it important to look at it has spiked not just last year but last 5. you look at years since 2002, onward, you see that the higher during obama administration.
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than during bush administration. we need to look at way this administration has input, and implemented new regulations that are stifling and new tax structure that is opressive, this is chasing people out. neil: you know craig we've seen some who left in the past they were opposed to our foreign engagement during the iraq war that happened. but not to this degree or level of capital. because, say when you will, they are rich, you don't like the money being chased away for whatever reason. are you worried that this is just you know opening salvo? many more will follow? >> no i don't know so, remember we're talking about a couple thousand people, and many thousand more actually, choose united states as a destination from foreign countries. neil: this 2000 has the gdp of latin american, when money leaves, that should make people
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take note. >> it makes me take note but does not make me i'm changing my tax policy, because we have a couple thousand disgruntled people, people who are living and working abroad often time carrying an american passport is more of a hindrance than a help. but i think more personally, if folks have such a tenuous tie to this country their decisionser basinga wealth accumulation, i say do not let the door hit you on the way out. neil: who wants to be at a party where everyone hates you, argument in sentiment, is rich have gotten rich because either they have not paid enough or done enough of their share. soar maybe so far as ill gotten gains, but what is to make them stay if -- one thing to say we're not going to say thank you for all you have geffen in taxes, now we're upping in a
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notch, saying screw you. >> i think there is -- here real issue. i agree with craig in part, but part, they are leaving, a lot of these people are leaving because they pay through the nose on taxes some double taxes because they get taxed by country they are doing business in and by the united states, there is some foreign tax write-offs and offsets but they are paying double taxes, it is opressive united states requiring its own citizens who do business abroad to report all assets overseas and requiring foreign instutions to report pack to irs. neil: chris on that poin, pain in the ass factor for a lot of people, not worth of the hassle that united states was unincume berred marketed, you don't want to your poin to take advantage of that but a lot of people who
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grew, and aspired in this are now saying, hey it is easier almost anywhere else these days. >> on that poin, i agree we don't want to burden people unnecessarily with administrative burdens. neil: but we are. >> no, let's not put kitten cabad el i cabad else, people are leaving pause they feel they can accumulate their wealth. neil: no, no, if you feel you are over tacked and under appreciated, and you are regulated. >> cry me a river neil. neil: i am not seeing. >> look, i am -- consider argentina they have great beef, i am saying if people are adding it up saying one thing i get taxed to nose, but it another thing that they call me a villain while i'm mere doing it right. >> you know for american middle class that has not sane their wage increase in a decade they
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are really put upon, not someone who is -- sneeze. neil: these guys go you will be put upon, yeah, that is where i'm kind of ending it. >> thank you. >> in the meantime, if president said he is in on energy, ted cruz wants to know why he is leaving out one source of energy, texas senator said we have plenty of it. i think cruz is saying they are full of it. so ally bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!!
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said time that president quack his all in energy talk, and more drilling more fracking and no more dillydallying, senator thank you for joining us. >> thank you, neil 92 that is not just about keystone for you. >> right. number one priority of people across this country is bringing back jobs, and economic growth, and congress spends virtually no time even talking about this, harry reid's senate does not address economy growth, we have an incredible opportunity with nempltenergy to produce millions of new jobs, we're seeing an american energy renaissance because of private entrepreneurs and new technology, today i laid out brought outlines of ability plan to introduce, called american energy renaissance bill pre
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preventing federal government from screwing it up, and stopping development of our resources, and open new land, new resources to generate millions of high paying jobs, which is what americans want and need. neil: president and his people, say, they are doing that. and this renaissance is occurring under this president's watch, they are tapping all these resources, including one you have espoused as well as emergency, solar, and all of the others when what have you, what do you say? >> you know when president says that, he is actually carrying out what was describe a fatal conceit, believe that government produces and creates, government is not produce anything jobs issue the jobs coming from private sector, if is true we're seeing an energy renaissance, if you go to north dakota, north dakota has a 2.6% unemployment
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rate, cashiers at walmart make $17.50 an hour, mcdonald's paying 300 signing bonuses they can't get kids to flip burgers because there are so many high paying jobs in energy in texas, kids with high school degree make $80 thousand a year drive a truck, energy renaissance is happening, driven by privacy sector, but the number one thing that could screw it up is federal government coming in and stops it, and by fares most dangerous thing federal government could do, if it regulated fracking, one of the specific elements of my bill to prohibit federal government from regulating fracking, leave it in hands of the states, they can ensure we have clean air, and clean water yet not get in way of generating job snoos you are worried some states might be
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lore lackadaisical than others, and we will have things like the bp oil spill? >> the real problem we have at state level is some states, are too rigorous instant ars they put in place -- in the standards they put in place, the marcel is shale does not en on border of pennsylvania, but jobs do, pennsylvania with an jobs, and yet, even though those resources are in new york, politicians in new york decides, new yorkers don't want job the. that has been the problem we have seen. is that. rules have been put in place prohibits us from using the resources we have, and the potential is enormous, millions jobs that are being created that
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can be created. and part of my bill also isic to the additional revenue that this would generate, new leasing on tomorrow lands, and pay it into a trustee fund, to pay down our national debt, our national debt is out oo control. neil: it is that. but you face an uphill fight in a democratic senate, i am wondering with this debt ceiling deadline approaches do you could, whether your measure or others should be attached to any that raises that debt ceiling? >> in my view, we should not raise the det ceiling withou fundamental struck rally reforms. neil: but that never happens. >> actually with respect it has happened. the last 55 times that debt ceiling has been raised the two of them congress put -- 28 of them congress put restricts and some most successful struckural reforms limiting spending have
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come through. neil: i didn't mean to quibble, i just mean our debt is bigger our problems are more, you know entrenched. >> yes, no doubt. and the problem has been exacerbated in years, 5 years ago when obama was elected national debt was $10 trillion no over $17 trillion, and it is larger be that the size ofure economy, i think this family irresponsible, and yet, washington president obama and democrats they don't want to do anything at all to address the struckurial problems. neil: do you think they think it is a problem, i know you part companies sometime with fiery words your own father uses, but rafeal cruz, referring to president, he acts no different than beaded guy left in cuba, do you agree with that? >> well, actually comment he made there was in reference in
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particular to president's abuse of power, and acting unilateraly, my father was talking about the president said if congress does not act, i will. and my dad's poin is listen, our constution, is meant to constrain how governmenn be use, we've seen a pattern of lawlessness that undermines the checks and the constution, and fundamentally a threat to liberty 92 le. neil: let me ask, when you become president, and you poll well in a small group, you were dealing with democratic congress, senator, would you do the same thing that barack obama is doing? that you throw up our hands, so impossible to get past them, i'm taking and executive orders in my own accord and to hell with it? >> absolutely not, of president takes an oath to the constution,
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to be clear, there are legitimate areas for executive orders they combine executive administration gives president authority to lead the executive. but what president obama has done, unprecedented is when he disagrees with the law, refuses to enforce it with obamacare he granted a waver to big be, despite the text of stat out prohibit its a waiver to congress. and most strikingly, when over 5 million americans lost their health insurance because of obamacare, he didn't do what every other president would have gone, go to congress say this law not working it is hurting millions of americans let's change it he held a press conference he en strugged private insurance companies, issue policies that are illegal under the law, i'm telling you to violate the law. that is really dangerous, and neil, that ought to trouble everyone, not just republicans, but democrats, independence and
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libertarians, because, when a president can pick and choose, which laws to follow, and which to ignore, he is no longer a president. neil: ted cruz, thank you very much good seeing you again. >> thank you, neil. neil: he will be a very powerful force in the republican party. head cruz. >> when we come back, kate upton gets it. i knew it. welcome back. how is everything? there's nhing like being your own boss!
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proving she should be shot into space. to plus size model, lizy miller said that models don't always something model behavior, she made headlines a while back for what they call unplatter -- unflattering picture, what do you make of this. >> i think it is sad, really, i have been in industry myself for quite some time, i know pressure that go with modeling. >> tell me about it, you don't know about financial anchoring. >> but you know there is a whole psychology, i don't think this girl woke up one day and said i'm going to sew something onny tongue, it was probably too many years of saying you are too fat, not good enough, there cellulite here. they get picked apart. neil: you have had a successful career and still do.
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>> thank you but i am a plus size model. neil: that is like an ocy moron, you are not that plus. >> it is just in fashion industry they go to the extreme, size zero to 4. >> i am in plus,lus se chor catory. b andl. nehere y go re singoung gir i partar aoonxiousut this probl ishatut coming a brain surgeon or working toward going to school, or these things, i love being a model but it is sad when a woman's worth is just relying on hersica aeara out, all these little i call them, waist nas nazis were coming out
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did it bug you. >> i think that everyone has an opinion. neil: you knew it would come. >>, of course, the with good comes bad, i choose to stay away from, that i am who i am, people who i love, love me. neil: do doctors tell you, you could afford to lose a few, argument even with kate upton, you know too mayor l marilyn monroish, if she were alive today what was she a size cane. >> i so. neil: she would get, well not get very far today. >> i think that just, i think it is cyclical, in those days sofia loren, marilyn monroe what was the epit of beauty then twiggy came along, and kate moss sealed deal it has been like that, wafe look for decades now. neil: now nutritionists say, change your rules about obesity,
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what is an ideal weight, it gets lower and lower the. >> be pot lek that ther lem is -- problem is there is no right equation for everyone it is personal health, it is being hettiest you can be at your best size, for me it is a size 12, i am working out and eating healthy. you know not a health reason she did not get that mesh shown on to be healthy. neil: it is weird. >> i'm like what is next? i thought girls eating cotton balls and drinking water was worst, now i hear this, this is sad to me, women feel the need to do this. neil: you know, i think you are comfortable in your own skin, a lot of people are not. >> true. neil: they don't have skin like yours. i am in trouble now, lawyers are
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neil: barclay bank latest investigating a report of huge hack of its own customers. forget about keeping track, connecting costly dots, you are worried about this, why? >> we have to worry about external hackers but one big thing we have to worry about is nsa. i split my time between san diego, california, and italy, i work with.
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neil: you switch between italy and san diego. >> i have done well. when i in italy, i work with international clients, we work on deals that deal with high profile publicly traded companies, actions high clients take can materially affect the market, say when i'm in milan, and make a phone call to u.s., i have to think about who might be listening, when i send an e-mail i have to think about which account to sense it from based on who i'm sending it to, and what i'm going to say, i don't know who might be reading it i don't know who might be listening in so we have to be careful. >> if you doing that we know that banks and retailers have been compromised by that, one prominent result whacked by this, that problem is way out of control. >> absolutely, there are many companies in europe that think twice, and are. about using american
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technology. any kind of either services or buying american products, because we have been told by the companies, that they have had to put tools in home to allow nsa to better absorb what they are doing. neil: you think this is going to get worse our reputation suffers more that sounds like a financial hit too? >> absolutely. it is killing -- it hurts top line, for the companies they can't sell as much it is a damage to the brand of an american product, and for american businesses. when you are inter acting from europe with american companies you have to be careful, you don'. nsa will not let companies tell us what they are. neil: someone stopped news of san jose plant from getting out we got our hands on it but it was many months after almost a year, am wond irin irerring what else we don't know.
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>> we have no idea, if the nsa has our house in order, snod knoen made is obvious this nsa is not in control of everyone. i don't know who they are employing, information we exchange back and forth, could be lucrative for someone, how do i know that everyone there is not going to to something with it. neil: lucrative, and dangerous. len or great having you, good luck in your crazy travels, san diego and italian. >> in the meantime, everyone thinks that aol ceo a jerk for complaining about cost of covering a couple of employees distress kit, i think they are jerk for calling him a jerk, how is that, jerks? ron: i'm never alone with scottrade. i can always call or stop by my local office.
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they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. per and associates. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.
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experience put the camera down, right now. you're fired. get out. neil: ever since then he's been the ceo that america loves to hate. before you -- well, aol. i say we give him the pass. at least on the latest stuff. one at which he complained to staffers about the cost of covering some distressed kids. actually two different workers' babies who needed millions of dollars in special care. and allowed about changing staff berts. armstrong since apologized and reinstated benefits that never ended up being changed anyway. it got me thinking, it happens sometimes. what did he say that was wrong? shouldn't shareholders welcome the ceo who was very cognizant of the cost and the lay it is out on the table for workers to hear. lauren, what do you think? >> i think 2013 with aol's best year ever. bun of the affordable care act, and obamacare, they had to take
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a big hit financially to cover health care costs and to make changes to the 401(k). doing a lump sum match rather than matching on a per-paycheck basis. during the change he said it's because we had two babies that cost more than a million dollars each. that's why we're making the change. he apologized and the company went back to the original 401(k). as a result it's companies having to do business the best they can and make changes because of health care. neil: when you have these kind of health care-related costs, todd, in a smaller operation. aol is a smaller operation these days than fox or news corps. or any of the large companies. they can almost just glance past such expenses. not so much aol. when you seem to be telling the troops, look, we paid these and happily paid these this is involved in the company inspect is a big expense. i think you should know what is going on. and then, of course, without
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saying the people in particular gotcited. o tp rt igt not have been gd. the rashtell ebehd it good? >> i'm always thankful when ceos talk to you and tell the truth and lay out how the world is happening. that was the best thing that tim could have done. the ceo. the problem was what he said distressed babies. babies are -- can be indies stressed but you don't have distressed babies. you have distressed properties distressed clothes, you don't have distressed babies. when he uses the wrong words and talks specifically, are you kidding me? you're the ceo! neil: not in perception. i want to hear from that. i can, i get, i quit. you think that carr will -- go but said sees no reason to keep it with now what he wants from app toll spend the $150 billion and buy the stock. it turnutha'sha >>
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another $32 billion on the tap of the rest of the engineer. icahn got what he wanted. how big a fight? you have the pension fund, the new york city control, calipers, the iss saying, stop, let apple run the own money and manage the own. at the end of the day you want to see a tech giant do in the corporate world and global arena is get products out there. spend money getting iphone 6 out there. that's what they should be doing not necessarily to icahn. neil: -- shareholders should like him. he's the one at the table and looking after shareholders' interest. not so much management. i like carl icahn. >> you like ceos that don't spell out distressed babies. we'll find out from carl icahn himself whether he's calling if
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day. for the first time since the news icahn is talking on fox business face to face in a rare person-to-person chat. hear from the most feared man in america. kennedy: politics is full of lightening rods. immigration, domestic spying, or political dynasty. the mere mention of a word or name can create a political fire storm. maybe that's why rand paul was soaking the fire so early in the season. he brings up clinton's name so often. it's almost like he's upset. you know what it does for independents? u extinguishes the heat and curiosity they have for an otherwise smart, straight straight shooter. are you worried you can't take downhill? hearing about monica is big turnoff. if you want
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