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tv   Cavuto  FOX Business  February 16, 2014 5:00am-6:01am EST

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effort for my families. that's it for the how. have a great weekend. we'll see you next week. ♪ neil: it's friday. do you know where the republican congressan 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 reign 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 piles on the way to end the week. republicans are afraid to say boo, wine, or complain. they are praying will imple.
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that's a hell of campaign strategy. mark my words, republicans will rule the day they conveniently sold their souu. welcome. on the grand old party darmament. that's the way i see it. what about you? >> i agree. it was a huge blow to small government,ea payfolks, people who want less intending. the strategy is to play nice this year. let democrats do whatever they want to put the focs on obamacare. that's on the top of american's behinds. what is going on with obamacare upset with democts and since election year republicans are hoping they can just ride this year's through. have democrats basically get in troubl with obamacare. and then take over the senate and hopefully gain more control of the house.
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scold sbilize. i don't thi 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. ou kind of reveal to yourselves to the american people as being the sort of baseless, spineles totally cluless politicians you are. >> exactly. and this kind of reinds me of mitt romney's strategy during the election which was basically not to say anything. kind of lay low and let oba -- neil: play it sfe. >> it county end uuwell. they need to put forth a la and fit. show so you spine. oba 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 the antiobama and hope
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he screws up. they're playing it too safe to your point. i think with you're the opposition party you can never play it safe. and that you can never hone your hopes on poll numbers that might presently look good but do'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 republicans to actually practice what they preach. focus on on elections and willingness to chlenge conventional spending. absolutely. i agree we have a trillion dollar farm bill. if you look at polls americans think that spending is out of control in wasngton, d.c. so republicans need to show they have a spine and actually do something about it. show the american people. neil: they're not doingit 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 i overstating things, dick? >> no. i have a -- i share your concern, by the way. they're playing it too cozy and too safe. it's one thing to have enough awarend of the votenumbers not go upa blind aley on something like the getlimi. but passing the agiculture bll and going along with president clinton billion dollars for climate control leavingthe pipeline hanging. these are fights they should be making. they could win. winning and fighting these fights a losing them strengthens their position with the lek trait. it's good policy. and i think they need to be back and have the courage of their convictions good policy makes
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good poitics. 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. ey actually sign up or look at the farm bill. they signed on and added a lot of stuffing in this bill. and, you know, when it comes at the time when they even themselves have been saying they can't ceasand assist on the sort of thing. the party leadership does just that. would kill themto even try to attach something, anything, to debt ceiling measures. even if you knew i go down. at least you've been trying. they didn't even ry. >> well, i hinkthey're so weary of being run up that blind 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 policys counter productive there's probably nothing more instructive to the american environment than american agriculture policy. >> by the way. democrats have the republican number on this. and so many other type of votes. because they now know that -- look, republics are so afraid to get labeled obstructionist or even riskingshutting the government down we can get any spending past these guys. my prediction they are going to now try toamp through any ype of spending and know republicans will be too afraid to try to stop it. >> well, that's where the leadership needs to differentiate. neil: they don't though. >> something like the debt ceiling is one thing, but any new pending bills on agriculture advances increases spending on agriculture cook
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ma'am my. u win if you stand in initiatives that are driven primarily by alwa good to have you. this valentine's day. get lucky? make sure you have health insurance. latest pitch for signing up tat is way too stupid for cupid. [ male announcer ] who are we?
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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 covered and you might just get lucky. okay. it's not blatant but close. the eling point is health 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 perspecti meats it make you more describe. usg a health care connection to make a love connection. time to bring in the mr. love nnection, chuck woolry. >> it was so soth. >> thank you. i try. i hav to upthe ante. this is silly. it is really silly. with a do you make of it? >> yeah, well, 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,valentine's day leads to candy and chock lee. it oes against michelle obama's campaign. connecticut schools told children not to show up with the sugar. republicans own that one. valentine's day is the bggest day for teddy bear sales which
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teddy roosevelt was a republican. it's a christian holiday, which of course would only be celebrated by people who cling to the bible and gun and bnned in most middle east countries. police are arrest you the religious police will arrest you in middleast countries. and the number one reason why the reasons own valenne'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 -- [inaudible conversations] you brought your a game. i have writers in detroit going crazy right now. [laughter] chuck, you mentioned vlentine's day. i think whther it is super bowl and how they use that to pitch health care and coverage and for the young using a t of rock stars and actresses to sort of tell you and compel yo to get health care. cool thing. now using valentine's day leads
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to the case one saying it will improve your love life if you have it. it strikes m as ultimate desperation. -> disseparate. we haven't heard about t truth about health care. obamacare, however you put it. we've heard a lot of untruths that come to light. now continue to thnk, 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 riendly with dogs and strange animal. they're digging up everything 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 eaving the dog and strange animal. as a guy hosted a show about make love connection. did you think any of your contestants over the years -- i know money can playa part, i
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know status in society can play a part. looks can play a part. i never would have imagined that health coverage would be like an hrodisiac. >> i think one of the first things a woman asks a man whn she meets him. excuse me, do you have health re coverage. i don't. if i'm going to be attached i want to make sure i'm covered. neil: exactly. >> is that a cadillac plan? exactly. by the way, sweety i have health care cerage. come on, let's go o. >> it gets back to the stupidity of it. they're marketing something that young people at least today are not signing up for and nt as enthusiastically looking himsel up. because they fel that 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 accident and break a leg, arm, head, what if you don't.
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most people don't break their 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 themwe're not as 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 fiveoint at the top of it. thank you very much. happy valentine's day. >> same to you, thanks. in honor of valentine's day. clashing like this. >> why a war room. it's not a campaign event. >> you're almost implying we're taking the money and pouring it down the drain. >> which didn't need fixes. >> i disagree with what iz said. >> it's easy to be patriotic with tapayers' money. neil: today ey put all their differences ide in the name of
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time. they're not going to be clashing tonight. they aregreeing on one central presence on the billionaire's remarks tonight. main he is nut. i agree with adam. i love adam. as do i. it looks like a e harmony mmercial. it is crazy what he was suggesting. and i know first of all, never would pass constitutional muster. why ntinue we auction off elected offices to the highest bidder and why don't we -- all right. have them vote based on the votes based on the tax loophole and breaks you get. i'm trying to give him every bit of the doubt. what was he sayng 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 conversationbout income e inequality and the persecution of the rich i 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 th 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 being completely serious but i was trying to make a rovocative point. neil: all right. he was making the provocative point what were you tnking, like, man this is the 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 abot this at least for th net 24 hours. what i think is interesting what challenged him on was, you know, i think he said you should get the number of votes proportionate wih only people
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pay taxes get to vote. i said everybody pays taxes some kind whether it's a sales 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 taxes. you're arguing the provocative -- i shouldn't have said he's nuts. let me take it back. the g-force. i don't like boehner and obam goin a dance. >> i'm glad you a 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 you very much. we have a lot more coming up. the warns on cigarette tax. get rey to see them pop up on cans o coke. what does everything mean to you? with the quicksilver cash back ca from capital one, it means unlimited 1.5% cash back
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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 california labor requirement that is completely unnecessary. dinghies reuirements up in california and the u.s. they @%st assume that we don't know how to make e right choices. >> it would essentially be that this stuff is dangerous. an attacker will eventually kill you. but what i am cuious about politicians are fast and furiously going on here.
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>> they arebanning the council chemical from all foods in america. they are very protective of this. actually, senator schumer brought up a point which is how we will do these things and we need to kind of go back to the idea of the marketplace. actually address any potential issues at its scare tactics and that is why thepoliticians 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 da. you have no idea. and thee have all kinds of federal mandates that are going to be coming our way lie many label requirements at restaurants and potential ocery 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 of the cheerleader who is not cheering. she is doing. once you hear this really big
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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 han the minimum wage. the team is scrambling at issue with all the hours she worrks traveling and doing appearances that count as promotional vehicles that help her career or does it just help the team? my next guest says she has a great case. so you are n buying it. why not? >> i am not 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 d almost on a volunteer basis and it is a volunteer thing. and i had a friend that expins me that this was something that helped in their career and something to make some sort of a local clebrity and they get invited to a lot of parties and it helps him with dating and there are perks to have. neil: they are only showing this aswe 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 take this lawsuit seriously. neil: how does that even happen that she is not the only one
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saliva they do something that is blatantly illegal? >> they are getting these girls to sign contracts or. if they can't get them to adhere to contract 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 lower or higher 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 around. people that work at law firms, the young legals that work these hours each week in the 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 because there a lot of pe to go to charity events for their work and a not compensated for that and i'm not sure thatthese 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 and to meet the partners so that they would see how great i was an ofr me a job, which they did. but i got the perks, but that didn't mean that they didn't have to pay the minimum wage. because you can make that argument for any job. ere are always going to be incidentalperks. 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. >>es, there is. with an hourly job. that is the argument that these girls are going make. they ended up paying him so much more money than if thehad just complied with the laws and paid these girls some dollars 8@ cents hour. this is something that they think it's fun for them and that's why they do it.
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this is something thatis mandated in sothing that they have to o. neil: i'm going to keep a close eye on this. meanwhile, it is not too late to get a valentine's present. get a valentine's present. and we are going right after so ally bank really has no hidden fees on savings accounts? get a valentine's present. and we are going right after 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!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide,
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>> because the storm was so unpredictable, by the way just coming down here, it has ttally stopped snowg and it's a beautiful day out there. >> as this woman was saying it was fleeting and snowing and
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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 neighborg new jersey that some kid didn't get a snow day. they didn't have school. though virtually from home. using their 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 and trimmed 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 r of this and more can be spent on actual learning. the virtual classroom. is that the answer? >> no, it' not. the pictures of the kids ar supposedly doing this work on their little matt computers. and you don't know whether they arefor this or not. what is missing more than anything else in american education is focus in t the last thing in the world that you want to do whenyou 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 sang something. [applause] >> meanwhile, have you seen these drones delivering flowers? it's pretty cool. the faa telling the flower delivery comany no more drones to deliver daisies. many people think this is a good thing. but they are not a good idea and too much potentialfor disaster and they should block them. of how lazy have wecome you have these dreams of drones with twinkies drop counter to me. neil: i lve the dream. >> i needed that. neil: hey 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 wayhere is 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 agencieshat prevent people from getting killed are killing other people. i think that you ill seesome 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 pointt where they could use it. so if i forget an anniversary or something, i think oh, i can call a drone on here. >> my aiversary 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 ink the faa will
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eventually allow the drones to deliver but m glad that they are holdinthe fine until it is safe. neil: in the meantime, the 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 o of the best that our fearless and smarts. thank you for being candid. he was very candid. he said he was more or less sane, i'm not paying more in taxes, but he drew the line. >> that you hit on something very interesting. which is thhhe seemed to be sounding a little bit like 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 the retail industry and if it was about quarter to weather and i never credit at a good quartr. so i'm not saying that this has hassl gaore. >> 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 tou with the concerns of the average guy. and it's not as appreciative as what carl ichan i. neil: one thing that stuck out was the llingness to say that washington is such a disaster that i taken out of the equation and take it as a giventhat they
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can never be held accountable. i have better luck trying to wedge that and i give up on political amrica. >> 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 is going to say the heck with it as margaret thatcher said. you run t 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 that he is right. and he is still investi. neil: well, you know, he said pick 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 that carl 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 company 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 are so 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 an do from wars, why can'we do this with netflix? (vo) you are a business pro. seeker of the sublime. you can separate runway diculousness... from fashionhat flies off the shelves. and you...rent from national. because only national lets you choose anyar in the aisle... and go. and only national isanked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your yle. (vo) so do we, business pro. so do we. go national. go like pro. we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas in action.
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>> pandora gory and "politico." willis to branch out into politics 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 are making assumptions but so what? if they have go away to monetize their subscriber base if y you use the free service you cannot even opt out the way they identify if you are a democrat or republican 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 and mistakes they will mess with that data this is what you really ought to be concerned about if you he privacy concerns >> do you like pandora? >> i would not invest in the billions years. >> it is still essentially a compy run dawn of free thinking and i always avoid
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those companie. >> 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 their radar. >> i love them. i bought them unsuspecting lee three of the lenooa of the pa a realized the bought the i am business would it was losing $1 billion per year paid 1.7 billllion now the biggest company in the world. they know how to do turnaround. i dig a to do the same with the cell phone market. >> that is what they think that they uld break out to
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the keyboard technology could easily move to phones and other devices. >> yes. there is a lesson here with japan. look at manufacturing the japanese uld make at can make a better. china has 100 times the money from the scale and bring in their replicating japan. this manufacturing because lenova is a force to be reckoned with. >> apple has had a nice run this past week with carl icahn to be ending the mpany buy back stock because the vadi has an end of the stock is still way undervalued do you share that? >> i doo aid and assuming we have more great products to come. the pipeline has been a
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little slim no real excitement. but it depends on the next big thing. >> it will be presumably a bigger phone still and will be like a mainframe to your ear but it could be isolated th these two markers -- makers so are replacing bets prematurely? >> cell again the bible take the opposite side am not a believer in apple i think they're struggling they don' have the next best thing new leadership lost jobs there are great at innovation but now they'll lose 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 off to the races of it is a commodities we have rough sailing. >> isn't that more indicative? or is much broader than that? derek usually it is based inc. and other productsha is what concerns me. >> the existing home sales report comes out next friday this economy rests othree pillars. the fed, all about the pering the jobs numbers that is flat and another big killer is the existing homes sales the ris of housing has flattened off that will reduce the wealth effect with people. >> years ago you were the first 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 pricestagnate to people stagnate with their by? >> absolutely. it permeates to spending. we're trying to think about sein our home but the market has gone flat in the washington d.c. aa 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'. [laughter] >> where disputed few years? >> with the home-equity loans and home depotf 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 be right back. we will have all those numbers as soon as they cross. "imus in the morning" starts right now. >> ladies and gentlemen, "imus in the morning". don: if you rank the yankees call all the yankees, start with babe ruth, and do too? warner: you could say lou gehrig, jew the maggio, mickey mantle, yogi berra, that doesn't even include the pitchers. don: mariano rivera, did you see him? warner:

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