tv Cavuto FOX Business February 15, 2014 6:00am-7:01am EST
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effort for my families. that's it for the show. have a great weekend. we'll see you next week. ♪ neil: it's friday. do you know where the republican congressman is? they seem to be -- on the debt ceiling. now on hitting the roof. they're focused on winning later this year they given up the fight to ren in spending at all this year. a $1 trillion farm bill that over the top. to start the week off. then a billion dollar climate measure pushed by the president that pileson the way to end the week. republicans areafraid to say boo, wine, or complain. they re praying will implode.
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that's a hell of campaign strategy. mark my words, republicans will rule the day thy conveniently sol their souu. welcome. on the grand old party disarmament. that's the way i see it. what about you? >> i agree. it was a huge blow to small goernment, tea party folks, people who want less intending. the strategy is o play nice this year. let democrats do whatever they want to put the focus on obamacare. that's on the top of arican's behinds. what is going on with obamacae upset with democrats and since ection year republicans are hoping they can just ride this year's through. have democrats bsically get in trouble with obamacare. an then take over he senate and hopefully gain more conol of the house.
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scold stabilize. i don't think it will. it could enough to my it's not as bad as we think it is now. yet they're hanging their hat on it. i'm saying when you have lost your spending result on everything else. you kind of reveal to yourselves to the american people as being the sort of basless, spineless, totally clueless politicians you are. >> exactly. and this kind of reminds me of mitt romney's strategy during the election which w basically not to say anything. kind of lay low and let obama -- neil: play it safe. >> itcounty en uuwell. they need toput forth a plan and fight. show so you a spine. obama trying to propose a billion dollar climate change fund. why not talk more about keystone pipeline. we need a strategy republicans do. they can't put all of their chips and eggs in one basket which is th antiobama and hope
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he screws up. they're playing it oosafe o your point. i think with you're the opposition party you can never play it safe. and that you cn never hone your hopesn poll numbers that might presently look good but don't last. ask mitt romney after the first debate. he thought he was on easy street and played it safe and we know what happened. i'm saying would it hurt publicans to actually practice what they preach. focus on on elections and willingness to challenge conventional spending. absolutely. i agre we have a trillion dollar farm bill. if you look at polls americans think that spending is out of control in washington, d.c. so republicans need to show they have a spine andactually do something about it. show the american people. neil: they're not doing it now. always a pleasure. thank you. happy valentine's day. it's not really for
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republicans. understand john boehner's strategy. the former republican leader knows what i mean. by playing it safe they could be safely assuring they will be the minority party. am overstating things, dick? >> no. i have a -- i shareyour concern, by the way. they're playing it too cozy and too safe. it's one thing to have enough awarend of the vote numbers not go up a blind alley on something like the get limit. but passing the agriculture bill and going along with president clinton billion dollars for climate control leaving the pipeline hanging. these are fights hey should be making. they could win. winning and fighting these fights and losing hem strengthens their position with the lek trait. it's good policy. and i think they ned to be back and have the courage of their convictions good policy makes
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good politics. let get back to the job, understand we've got to resist unnecessary and counter productive government spending, but they don't. >> they don't. they actlly sign up or look at the farm bl. they signed on and added a lot of stuffing in this bill. and, you know, when it cmes at the time when they even themselves have e been saying ty can't cease and assist on he sort of thing. the party leadership does just that. would kill them to even try to attach smething, anything, to debt ceiling measures. even if you knew it godown. at least you've been tying. they didn't even try. >> well, i think they're so weary of being run up that blid alley and having to retreat with their tail between their legs. they made -- i think they may have been wise to avoid that fight. but the alture bill is just unbelievable to me. you know, i started the
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agriculture war in 1990. the days before that nobody quarreled whatever agriculture policy came out. they thought it was none of their business. it's not that hard to understand agriculture policy is counter productive. there's probably nothing more instructive to the american environment than american agricuure policy. >> by the way. democrats have the republican number on this. and so many other type of votes. cause they now know that -- lo, republicans are so afraid to get labeled obstructionist or even risking shutting the government down we can get any spending past these guys. my prediction they are going to now try to ramp through any type of spending and know republicans will be too afraid to try to stop it. >> well, that's wher the leadership needs to differentiate. neil: they don't though. >> something like the debt ceiling is one thing, but any new spending bills on agriculture advances increases spending on agriculture cook
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if you're watching alone don't say they didn't try to help. in illinois the pitch goes something like this. get coveredand you might just get lucky. okay. it's not blatant but close. the selling point is heal insurance is good for loving. it the coverage doesn't make you more secure, gosh darn it, it
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make you more sexy. and perspective meats it make you more describe. using a health care connection to make a love connection. time to bring in the mr. love connection, chuck woolery. >> it was so smooth. >> thank you. i try. i have to upthe ante. this is silly. it is really silly. with a do you me of it? >> yeah, we, i have tell you i have five reasons why republicans own today. the valentine's day. most romance leads to marriage. i don't have a tell prompter between men and women most handout come from the government. you need to be single. the same goes for obamacare. that's number one. or number five. number four, vaenne's day leads o candy and chocklee. it goe against michelle obama's campaign. connecticut schools told children not to show up with the sugar. republicans own that one. valente's day is the biggest day for teddy bear sales which
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teddy roosevel was a repuican. it's a christian holiday, which of course would only be celebrated by people who cling to the bible and gun and banned in most middle east countries. police are arrest you the religious police will arrest you in middle east countries. and the number one reason why the reasons own valentine's day. it's the only day of the year when every state -- all 57 go red. [laughter] [laughter] neil: that's not too shabby. you obviously -- [inaudle conversations] you brought your a game. i have writers in detroit going crazy right now. [laughter] chuck, you mentoned valentine's day. i think whether it is super bowl and how they use that to pitch health care and coverage and for the young using a lot of ock stars and actresses to sort of tell you and compel you to get heal care. cool thing. now using valentine's day leads to the case one saying it will
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improve your love life if you have it. it strikes me as ultimate desperation. -> disseparate. we haven't heard about the truth about health care. obamacare, however you put it. we've heard a lot of untruths that come to light. now we continue to think, well, i guess they're telling the truth now. i guess they really do have 3.5 million. now maybe they signed up or not. maybe it will improve my love life and being friendly with dogs and strange animal. they're digging up evethg in the world trying to sell this thing to us. and it just isn't working. i don't think. [inaudible conversations] neil: i'm leaving the dog and strange animal. as a guy hosted a show about make love connection. did you tink any of your contestant over the years -- i know money n play a part, i know status in society can play
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a part. looks can play a part. i never would have imagined that health coverage would be like a aphrodisiac. >> i think one of the fir things a woman asks a man when she meets him. excuse me, do you have health care coverage. i don't. if i'm goioing to be attached i want to make sure i'm overed. neil: exactly. >> is that a cadillac plan? exactly. by the way, sweety i have health care coverage. come on, let's go out. >> it gets back to the stupidity of it. they're marketing something that young people at least today are not signing up for and not as enthusiastically looking himself up. because they feel tht it is not really worth it. and no matter how you try to market it. a turd is a turd is a turd. >> it's not wort it. how they're trying to promote it. what if you're in an acident and break a le arm, head, what if you don't. most people don't break their
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arm, leg, or head. most young people are smart enough to know. it's interesting how they go at us as if we're really stupid. i believe that most politicians really believe that we are stupid. so i think it's time to show them we're notas stupid as they think. i have no idea why i'm yelling. neil: you're good too. chuck. you brought the a game with the five point at the top of it. thank you verymuch. happy valentine's day. >> same to you, thanks. in honor of valentine's day. no clashg like this. >> why a war room. it's not a campaign event. >> you're lmost implying we're taking the money and pouring it down the drain. >>hich didn't need fixes. >> i disagree with what liz said. >> it's easy to be patriotic with taxpayers' money. neil: today they put all their differences aside in the name of
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coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of playerthat, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them.
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you pay $1 a tax. what i think is it should be like a corporation. if you pay a million dollars in tax you should get a million votes. neil[inaudible] presents comment like that from am terview with the venture capitalist tom perkins. i'm sure who is a very nice guy. all i'm going say about the above is that lizy mcdoald share the same opinion this
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time. they're t going to be clashi tonight. they are agreeing on one central presence on the billionaire's remarks tonight. mainly he is nut. i agree with adam. i ve adam. as do i. it looks lik an e harmony commercial. it is crazy what he was suggesting. and i know first of all, never would pa constitutional muster. why continue weauction off elected offices to the highest bidder and why don't we -- all right. have them vote based on the votes based on the ta loophole and breaks yu get. i'm trying to give him every bit of the doubt. what was he saying disproportionately contribute a lot of -- >> yeah.
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neil: they are owed some breaks. >>well, you know, in his defense we concluded an hour-long conversation about income e inequality and the persecution of the rich in his perspective. he was trying to be provocative. and the point he was making earlier was that the -- yeah. right. the rich make a big contribution to society that isn't properly appreciated. so, you know, he said later he did impress availability. he told reporters of course i don't -- he said i wasn't bei completely serious but i was trying to make a provocative point. neil: all right. he was making the provocative point what were you thinking, like, man this is t world's worst situation for an interviewer to be in? [laughter] >> no, neil, i was thinking, gee, isn't this wonderful. we're going to be talking about this at least for the next 24 hours. what i think is interestg what i challenged him on was, you know, i think he said you should get the number of votes proportionate with only people pay taxes get to vote.
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i said everybody pays taxes some kind whether it's asales tax or a user fee. he said no, i meant income tax. and i know i think that's interesting you elevate income tax or property tax above other kinds of taxe. you're arguing the provocative -- i sholdn't have said he's nuts. let me take it back. the g-force. i don't like boeher and obama going a dance. >> i'm glad you are on the same page.
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this is a one-day event. let's get over it. >> all right. i think we got it out of our system. neil: i appreciate. thank you both thank youvery much. we have a lot more coming up. the warns on cigarette tax. get ready to see them pop up on cans of coke. you know how painful heartburn can be. or fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. [ laughter ] ♪ [ fale announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future.
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>> the government thinks that they actually know what is nutritious and what is not and that we are not capable of making the decisions. so you have this new caifornia labor requirement that is completely unnecessary. dinghies requirements up in california and the u.s. they @%st assume that we don't know how to make the right choices. >> it would esentially be that this stuff i dangerous. an attacker will eventually kill you. but what i am curious about politicians are fast and furiously going on here.
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>> they are banning the council chemical from all foods in america. they are very rotective of this. >> actually, senator schumer brought up a point which is how weill these things and we need to kind of go back to the idea of the marketplace. actually address any potenti issues at its scare tactics and that is why the politicians love
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this. neil: i don't see it any other way. because these guys got some green. >> where will this end? truth is that new york would ban soda. you have no idea. and thee have all kinds of federal mandates that are going to be coming our wa lik many label requirements at restaurants and potential grocery stores and convenience stores and we are basically too stupid and the government needs to tell us how to do this. neil: thank you very much. we appreciate it. the story o the cheerleader who is not cheerin she is doing. once you hear this really big
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♪ we asked people a question, how much money do you ink you'll need when you retire? $500,000. maybe half-million. say a million dollars. [ dan ] then we gave each person a ribbon to show how ma years that amount might last. ♪ i was trying to like pull it a littlrther. you know, i was trying tostretch it a little bit more. [ woman got me to 70 years old. i'm gng to have to rethink this thing. [ man ] i looked around t everybody else and i was like, "are you kidding me?" [ dan ] it's just human nature to focus on the here and now. so it's hard to imagine h much we'll need for a retirement that could last 30 years or mor so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪
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♪ neil: let me be brief or at i think this cheerleader has a case she has proof that she was paid way less than the minimum wage. the team is scrambling at issue with all the hours she works traveling and doing appearances that count as romotional vehicles that help her career or does it just help the team? my next guest says she has a great case. so you are not buying it. why not? >> i am t because this is her choice. it is almost a volunteer type position. all of these cheerleaders have
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other jobs on top of it. this is something that they do almost on a volunteer basis and it is a volunteer thing. and ihad a friend that explains me that this was something that helped in their career and something to make some sort of a local celebrity and they get invited to a lot of parties and it helps him with dating and there are perks to hav. neil: they are only showing this as we amplify this through the catering or instincts. >> i just think that they are making $2.85 per hour..@ did we not abolish slave labor in this country a long time ago? i think the team really needs to take this lawsuit seriously. neil: how does that even happ that she is not the only one
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saliva they do something that is blatantly l? >> they are getting these girls to sign contracts or. if they can't get them to here to contracts that are clearly against public policy. so of course the girls are going to china because they think yes, i'm going to get modeling gigs and there are a lot of perks. but it should be loweror high and not is not a valid debate and you can't really debate whether or not a law is on the books or whether or not it should be enforced. neil: you can also flip it arnd. people that work at law firms, the young legals that ork these hours each week in hope
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that, you know, that they sort of earn their stripes. is this analogous to back were very different? >> it is actually similar beuse there a lot of people to go to charity events for their work and are not compensated for that. and i'm not sure that these folks, i'm not sure that they agree with that. neil: because here is the thing. what you just said was a perfect example. i took a job as a summer associate for a law firm to get exposure ando meet the partners so at they would see how great i was an offer me a job, which they did. but i got the perks, but that didn't men that they didn't have to pay the minimum wage. because you can make that argument for any job. there are always going to be incidental perks. neil: but when you pay by this
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hour, the straight salary and he put in an 80 hour work week, there is a difference. >> yes, there is. with an hourly job. that is the argument that these girls are going to make. and ty ended up paying him so much more money tha if they had just complied with the laws and paid these girls some dollars 8@ cents an hour. this is something that they think it's fun for them and that's why thedo it.
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this is something that is mandated in something that they have t do. neil: i'm going to keep a close eye on this. meanwhile, it is not too late to get a valentine's pesent. get a valentine's pesent. and we are going right after [ laughter ] smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps preven the urge to smo all dayong. help prevent your cravings wi nicoderm cq. there's nothing like being your n boss! and my customers are really likingour flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in orde good news. i got a new title. and a raise?
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there were five more inches to come. she says he might break your spine from it's okay, it's a beautiful day. [laughter] neil: but i digress. it was so beautiful in neighboring new jersey that some kid didn't get a snow day. they didn't have school. though virtually from home. using the computers. we get a ton of tweets and david is here to react. >> i'm catching my breath he scared me. >> as beautiful as it is anywhere. neil: noon andtrimmed new yorkers are not dismissing it. anyway, cutting schools taxes
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80% and it could revolutionize this but should not replace the daily interaction in the classroom. it makes sense if we can get rid of this and more can be spent on actual learning. the virtual classroom. is that the answer? >> no, it's not. the pictures of the kids are supposedly doing this work on their little matt computers. and you don't know whether they are for this or not. at is missing more than anything else in american education is focus in the last thing in the world that you want to do when you get on the internet is focus. it is the definition of attention deficit disorder and it attracts disorder like garbage attracts flies. you're going to get focused by giving kids a computer and expecting them to do anything else but troll on the internet when they are at home and forget about it. it is not.
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neil: we sangomething. [applause] >> meanwhile, have you seen these drones deliveringlowers? it's pretty cool. the faa telling thflower delivery company no more drones to deliver daisies. many people think this is a good thing. but they are not a good idea and too much potential for disaster and they should block them. of how lazy have we come you have these dreams ofrones with twinkies drop counter to me. neil: i live the dream. >> i needed tha. neil: they drop them into the snarling. [applause] anyway, what do you say? >> government's first duty is to
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protect people not to run their lives and in this case the faa is protecting us. by the way theres a guy that would love jones. if he had his own little drones. and how have you know that he didn't have one? but the faa, they haven't ruled it out. i believe them here with one of the few regulatory agencies that prevent people from getting killed are killing other people. i think that you will see some form of it. it may not look like this with the blades that can chop your head off or your finger. that is all kinds of dangerous things and they make it to the point where they could use it. so if i forget an anniversary or something, i think oh, i can call a drone on here. >> my anniversary is on my birthday so that i never forget. i don't forget my birthday i don't forget my anniversary which is saturday. it's going to be 25 years on saturday. and i'm just a little bit older than that. and i think the faa will
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eventually allow the drones to delir but i'm glad that they are holdinthe fine until it is safe. neil: in the meantime,he tweets keep coming on the show and they can't stop talking about carl ichan. one of our followers was tweeting this. i really enjoyed this interview and it was an eye-opener for me. a stron interview, proving once again why you're one of the best that our fearless and smarts. thank you for being candid. he was very candid. he sd he was more or less sane, i'm not paying more in taxes, but he drew the line. >> that you hit on somethi very interesting. which is thht he seemed to be sounding a little bit le warren buffett, saying that obamacare isn't that bad, that businesses are just using obamacare as an excuse for their own sloppiness.
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>> you and i covered t retail industry and if it was about quarter to weather and i never credit at a good quarter. so i'm not saying that this has hassles galore. >> what worries me about it is funding an organization. so i kind of know it. but the fact is that sometimes superrich guys get so superrich like warren buffett that they lose touch with the concernsof the average guy. and it's not as ppreciative as what carl ichan is. neil: one thing that stuck out was the wiingnes to say that washingto isuch a disaster that i taken out of the equation and take it as a given that they
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can never be held acountable. i have better luck trying to wedge that and i give up on political america. >> i think he believes that in his soul eventually all of the scrubs are going to fall on the big government guys and eventually the public igoing to say the heck with it as margaret thatcher said. you run out of other people's money and i'd leve that he thinks we are very close to that point right now and they will have no place else to turn except the private sector. i hope th his right. and he is still investing. neil: well, you know, he said pk and choose no matter the market. and he said i am an apple
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ssareholder. so when i heard that he was there with his money and their. >> i think thatcarl ichan cares more than anything else about making money. he is not there for the long term, although some of the companies he stays with. but enough most part he is talking about his company and you can invest in his public compan which makes money and that is his purpose. i think he is in there for the long-term? may be but how long that is as maybe a year or less. >> it invariably comes from this. and that is the problem with a lot of these guys. that is frankly why there areso few retail investors in the market. they feel burned. the guys with a billion-dollar
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computer is given in now before you can blink and i so how can you make money in an environment like that? >> thank you. neil: when we come back, if netflix can do from wars, why ♪ [ chicken caws ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. eartburn relief that neutralizes acid on contact and goes to work in seconds. ♪ tum, tum tum tum tums! so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back ery purchase, every day. i break my back ound here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one.
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choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! life an everyday miracle of survival today the future of all life on earth hangs in the balance what happens next depends on us ♪ well you done done me and you bet i felt it ♪ i tried to be chill but you're so hot that i melted ♪ i fell rit through e cracks ♪ now i'm trying to get back ♪ before the cool done run out i'll be giving it my bestest ♪ and nothing's going to stop meut divine intervention ♪ i reckon it's again my turn ♪ to win some or learn some ♪ but i won't hesitate no more, no more ♪ it cannot wait, i'm yours ♪ open up your mi and see like me
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♪ open up your plans and damn you're free you'll find that the sky'snd yours ♪ so please don't, please don't, please don t ♪ there's no need to complicate ♪ cause our time is short ♪ this oh, this oh, thiis our fate ♪ i'm yours coach calls her a team player. she's kind of special. she makes the whole te better. he's the kind of player that puts the puck,
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horsehide, bullet. right where it needs to be. coach calls it logistics. 's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. >> pandora gory and "politico." willis to branch out into polics targeting customers based on their party revealed through their choice of music for example, if you like bruce springsteen they think you are a democrat ted nugent a republican. i think they are making assumptions but whether it is onto something what do you think? >> i agree with the promise
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they a making assumptions but so what? if they have go away to monetize their subscriber base if you use the free service you cannot even opt thef you are aemocrat or reblican it is brilliant. supermarkets have done this for years. not political but doing the demographics it is fantastic for the company civic a think they make a lot of assumptions an mistakes they will mess with that data this is what youeally ought to be concerned about if you have privacy concerns >> do you like pandora? >> i would not invest in the billions years. >> it is still essentially a coany run dawn of free thinking and i always avoid
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those companies. >> who says it is apple or samsung? what makes it the other does not? who says either makes it? headed the of you been watching this company? the juggernaut is a lot more than laptops nobody has been on the radar. >> i love tem. i bought them unsuspecting lee three of the lenooa of the pads and realized they bought the i am business would it was losing $1 billion per year paid 1.7 billion now the biggest company in the wld. they know how to d turnaround. i dig a to do the same with the cell phone market. >> that is what they think that ty could break out to
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the keyboard technology could sily move to phones and other devices. >> yes. there is a lesson here with japan. look at manufacturing the japanese could make at can make a better. china has 100 times the money from the scale and bring in their replicating japan. this manufacring because lenova is a force to be reckoned with. >> apple has had a nice run this past week with carl icahn tbe ending the company buy back stock because the validity has an end of the stock is still way undervalued do you share that? >> i do aid and assuming we have more great products to come. the pipeline has been a
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little slimo real excitement. but it depends on t next big thing. >> it will be presably a bigger phone still and will be like a mainframe to your ear but it could be isolated with these two markers -- makers so are replacing bets prematurely? >> cell again the bible take the opposite side i not a believer in apple i think they're struggling they don't have the next best thing new leadership lost jobs there are great at innovation but now they'y'll se the mba and that is a different scenario. ♪ >> right on schedule. what about next week? tim mckyer very concerned eeergy and commodity has not track with equities normally
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they move lockstep we're watching for this relationship because if equities are right we're f to the races of it is a commodities we have rough sailing. >> isn't that more indicative? or is a much broader than that? derek usually it is based inc. and other products that is what concerns me. >> the existing home sales report comes out next friday this economy rests on three pillars. the fed, all about the tapering the jobs numbers that is flat and another big killer is the existing homes sales the rise of housing has flattened off that will reduce the wealth effect with people. >> years ago you were e rst to say if people equate to their sense of worth to their homes.
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so if we are off the lows but prices stagnate to people stagnate with their by? >> absolutely. it rmeates to spending. we're trying to think about selling our home but the market has gone flat in the washington d.c. area that makes me bring in my spending all the way around. >> there are no oil sheikhs available? [laughter] >> there are no -- they are in virginia were the taxes are lawyer -- lower. >> even the sultans'. [laughte >> where disputed few years? >> with the home-equity loans and home depot of the world if housing slows down.
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>> thank-you very much. enjoy valentine's day. don't forget. [laughter] which i just found out a few minutes ago. i will bright back. see you monday. ♪ ladies and gentlemen, imus in the morning. >> i am going to murder neil cavuto. >> why? >> i'm going to sneak up on him, have the brothers with me. wasn't it like in the godfather movie, walk up behind him with a piano wire? that's what i'm going to do to cavuto. luca bronzi. nail his hands to the bar. oh, god! >> what happened? >> well, here is what
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