do here tomorrow. ♪ ♪ neil: you would think with numbers like this, the congressional budget office would think otrwis they hav suggested a fallout and they're going full speed ahead.

never nevermind about liking the cbo when it's number two. republicans play this game as well. t you would think when they do not suit you, you go slow. w many times have i had small business sites of all political persuasions in this economy, it doesn't make economic sense. especially with rules and regulations up to a dozen a day now, you woold think even the most diehard speders. joe biden promoting more government spendg on infrastructure but we cannot accounfor more than $120 billion that we spend each year on infrastructure. the great example, many will tell you that it's still spam.

the co's ceo. bob has a lot on his chest. thank you for coming o >> thank you. it's great to be here. >> likeit and you don't wa it doest. that's one thing. both parties play this, but this is a risk that you g get >> yes, it s. and it a a very emotional issue the implications at we talked about in your opening comments.

it's like if 3-dolla price incrse. the onsumer goi to ake that and i would tell you for my own personal experience and if they have to raise wages $3 per hor and tried to pass that onto a consumer in this economic environment, that could end up losing d shutting down the operation

right now will pull jobs with the uncertainty out there. any arge operations and small businesses are really holding back. theyreot sure to your poi about the regulation. neil: so this is not a good environment. right? would likely affect on small business. and now is not the time you hit them up for thi >> i would now would n be the time. it's like going to the corporation and saying that it is something that as an employee i want a big rise. i'not leveraging it at this time in my opinon.

and we've always gotten through in many ways. the difference is not to this degree. sweatshops adchild labor, we don't have that today. i think we really have to let the consumer determine. neil: and then all of a sudden u are ealing wi out of contro waste as well? is that a fear? >>hat's not for me me. you will get this multiplier effect if you look at them d you impose on them and pay ffrcing them to raise prices.

neil: not too long ago we had one of the cofoundersand he was talking about this atmosphere that exists today he blames both partiefor itor itit makes it very tough for them to reate the new home depot out there. he was very critical of a system that places the rules and regulations and caveats on this. >> they have al said that we havenot hired full-time employees for part-time employees and don't like that get out. they are afraid of the irs and the fec and th epaand the nlrb. it all coms from big government. neil:government is always

interesti. >> i would say that the level of policy and regulation has accelerated in the past two years. that's my perception. neil: it hd to dial back. >> that is a general consensus. again, i can tell you that personal expernces here and t to pile on the issue, but the affordable care act and my family having to go out and try to get new inurance policies. neil: for your family or workers? >> your family. >> we have had an inordinate amount of time and energy. neil: are you spending more for the coverage versus what you have been a. >> vote.

i spent a lot of time and energy. and it we are fixing his going to dgital. we are thinking about this moving back and forth in north and south. we have pipelines versus taak cars and we now that the oil

will be produced. >> i am just a voce in this. neil:we need a new peson in the white houseand congress and thinking. >> let'stake a business point of view and an economic point of view that ill take so many our economic problems out there.

>> we are learning from the past but not being locked into the past. not the way you want to see. >> don't know if they rad data. if you make the denominator smaller ---@ >> it will be a little but more favorable. neil: so maybe he was right mackie has been right more than wrong. ateast for my experience. a great mentor of mine and a real friend or. >> we have tracked this prior to

this recession and an unbelievable corretion between the two. and that i the last thing that we want. and there arsectors that are really strng. the housing is starting to come back, the auto industry is coming back. oil and gas. we were getting dangerously close to being energy independent. probably some of the most disruptive technology that we've had. to be able to gain energy independence and we are close to oil i this country >> were to takit going after

thh lottery winner is t the thh lottery winner is t the rest of the winners and there's this kid. coach calls her a team playe she's kind of special. she makes the whole team better. he'the kind of player that puts the puck, horsehide, bullet ach calls it logistics. be. 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.

like carpools. polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. ye we're loving this communal seating. oh, it's great. yeah. [ male announcer ] the best thing to share?

a data plan. ♪ new at&t mobile share value plans for business. our best value plans ever. for example, you c get 10 gigs of data to share. and 5 lines would be $175 month. plus you can add a line anytime for $15 a month. shsharing's nev been better for business. ♪ neil: the winner of the quarter

million powerball jackpot is showing you where t vest. first thing is first. pay our taxes. and if you already have, you opted for the rest going to uncle sam. the government is getting it done. places are getting it done like washington. leavg aside at washington dos, why not all of those that? the unclesam 401k plan.

>> nancy pelosi will be happy and will be great. >> redistributing money wrks. and we dot know if people actually do take this if you observe it, it isbackd by securities and you do eventually get the money when you are considering this, we have to member that this is a big money as well.

wh they started these lotteries, the beneficiary, by now, all the kids would have actual cash but they don't. they areumber than ever. >> you are totally right. it's basically a government ponzi scheme. the money is is taken by the government and we hope that e will be that one in 1 million person struck by lightnin winning the lottery. neil: he blew it off in a couple of years.

very generous gifts for a lot of reasons. and we will turn around with that pathetic her. neil: obviously not taking the money and just cutting down the deficits or debt in various states. so whether we can attach this, must be earmarked and that's a horrible word. >> a lot of states have that issue. but they raise taxes on diilled spirits and cigarettes and many thankswhich of course most of the money goes into geral coffers and never makes it to the feel-good reasons that they give us. neil: that's absolutely tru.

>> the $170 trillion, million dollars will only stop the spending for 30 minutes. like obamacare and others as well. neil: talking about, like we what did you do with thethis. money we are to gain them. >> that's where some of those jobs are going to union workers. they are overpaid 2.5 times more. the gas tax is a good example of how we did this and all the money oes to beautification museums and traings and that

sort of thing. neil: ladies, thank you so much. all right,ow we know that now is not the time. increasing the minimum wage. thousands and enough with no job. the cbo saidthat. countless small-business guys ck here. we thought it would be a perfect time to get a liberal and conservative time to argumen. conservative time to argumen. si[ doctor ] and in a inical trial versusitor, crestor got more high-risk patient bad cholesterol to a goal of under 100. way to go, crestor! yh! tting to goal is a big deal, especially if you have high cholestel plus any of these risk factors. because you could be at increased risk for plaque buildup in your arteries over time. so, when diet a exercise aren't engh to lower cholterol, adding crestor can help go, crestor! ♪ ♪ oh, yeah

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neil: you g 900,000 out of verty, but 500 these los 00,000 loss their jobs. >> i don't know t exookt numbers, i wouldell you from my personal experience, you have

small businesses, if they have to raise wages $leanne hour. $leanne hour, and try to pass that on they could end up losing their business and shooting down operation,. >> leave is to a former chrysr ceo to s the minimum we hike and goi to crash and burn the economy. you get as we said 900 thousand out of poverty but you push 500,000 out of work. numbers that admintration refutes. matt, why you do think that they are errorring on the conservative side. >> you look at study after decide, it shows raising the minimum wage results in job loss, in this particular study, you have a lot of people, reporting half a million jobe

losses, membership others saying a million or more, fact that people will -- are going to be hu by the increase of minum wage, they say itt is fighting poverty, h is it fighting poverty if you lose your job. neil: do you find it a tad odd, when cbo says data that supports administration argument they are for it and when they dispute it they are against it, by way they are not only ones to do this. having said that is the cbo reliable or not. >> to be fair they sce that sized the available science, we don't have to look at what economists saye could look in the real world, states that raised minimum wage. we've seen there a net effect on

jobs. in many of the the unemployment rate fell faster than the national average. neil: are you pegging it to those wages going up? or other factors that might be at py, like a booming state economy that doenot mirror at is going on nationaly. >> a combination, t increasing minimum wage, giving people more purchasing power, means those businesses grow. the economy grows, then the consumer-economy makes sense. . neil: that moneys those consumers and their increase pay has not pushed some other folks they are working with out of work, it stands to rson, if you are a boss, someone will get the short end of that stick. >> there areluses andinuses, but when you get 17 million people, an increase in pay 900 thousand people out ofostie, and net effect is zero that is a

poll have we worth taking. neil: the cbo did not disbet intno get into that, we can dispute how they go the to that number. so, i guess, it comes back to, what do you do with this data? it would give businesses pause, a large, say that the pause is there because of the rul and gulations, they are afraid, is thatear justied? >> absolutely. let me tell you, business people are not reading the cbopeople, like bob for that dell scpe bi nardelli and bill gates run businesses, they know, people go overseas for labor, they find technology to offset. neil: not all of the time, history replete with all worry warts about wages going up or businesses would fold, in prior

times we had raised minimum wage, but when we have, it has not been the end of the year. >> i'm not saying the e of the year, but when you have a weak recovery, like now, why would you to anything, on top of obamacare and out of control spending? why would we do anything to make the unemployment picture worse. neil: either your view t that recovery is not so weak? >> fair to say. >> you should tellthers that. >> fair -- look, fair to say, i think that business opinion on this is split. you haveome businesses that are concerned about what it will do to their bottom lines, but there are a lot of businesses like costco for example, say let's raise the minimum wage, they think by investing in their workers, that increasing worker product, and retention rates, sure we pay a litter me in payroll, on the whole we're better for it. neil: i guess the proof will be in the pudding if we get the

hike, president proposed for feral contract workers in the future, but note official or close for anone else. in mntime bankers making money, bad, tech gs ming money, good. the media picking and choosing its paid villains awful, damn awful. ♪ ♪ here we are, me and you ♪ on the road ♪nd we know that it goes on and on ♪ [ female announce] you're the boss of your life. in charge of mang memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh ♪ oh, oh, all the way my dadas atror afib.illation, heas the most common kind...

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tech giants in silicon valley seem to be unscathed and don't come under scrutiny that wall street seems to. neil: their worth is billions of times more, literally for a lot of them, there no comparison about you're worth and overall pay pacges. >> looking at excess compensation for executive out of silicon valley they are higher than wall street firms. neil: you know what i hear from tech ceos every time, this

subject comes up, we've never embarrassed u.s. government or cost u.s. taxpayer. we would not take advantage of bailouts of u.s., but that bankers will alwaysave that pallcast ove them. >> the lifeline of tech companies srt on wall street. we are the lifeline to developing them and raising capital, gets that structuren place to grow. and blossom. in my opinion, it goes well beyond that. though, i think many of the major silicon valley fis are major docratic campaign contributors, but more so, very intesting president obama is our first president tha ever used social media. social media was a mor strategy for his 2008 election, he used twitter to remind voters to vote, and interacted on facebook,ack then twitter was

just launched and the iphone was not out. neil: maybe you bankers have to t tecologically hip. >> we have to catch up, in 2012, campaign was 10 times more than romney. it is socl media plays a major part in docratic campaign party, i think that is mor reasons you see more scrutiny coming on other siie. neil: well, said, thank you, michael. if you haveo hit one on outrageous pay h them a, go maket a firing machine gun but get them all, don't pick and choose who you really hate. take a lock at this dow chart. 1929, and months ahead of it, look at the dow today, notice ything similar. similar? one guest does, he sees 1929 happening all over again. >> tremendous crowds you sse gatherutside of the steek

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is connecting today's leading companies to places beyond it. siemens. answers. neil: the dow right now, winter 2014, back then in winter 1929. weird how similar ty look, right? we rememberow that 1929 dow chart ended. wonder if the 2014 dow chart ends the same way, to a bull and a bear, to separate the spread from the -- sheet. money manager said that markets are headed for a cliff, and kevin otherwise, kevin, why you are noto depressed about it. >> there is little that is the same between now and 1929. 1929, you already beban a recession before the top in market. octer of 29. you had a fed that was paralyzed

and unable to getting any done, you have a cooperative fed, looking to add liquidity. big thing in since fro 1920 it 1929, 9 years, youost a 4-fold increase in the dow, we havead nothing hike this, since 2000 we've been up about 2.5% a zero average, nowhere near the same, valuations are better today than in 1929 for sure. neil: you lk at the same thing, what do you see. neil: see? >> i'm a financial advisor my job is to protect my clients from bad things issue we spend all our time looking for bear markets like in 2007 we told the customers to get out of t market, and we told them to stay out in all of '08, that chart concerns me, we're i the middle of what call a

government-infusion bubble. japan has pumped in printed over a trillion dollars in their econom europeans with european crisis. they pumped a tril don dollars into their economy, the chinese, maybe even more than a trillion. and then we have pumped in three and a half, that is 7 trillion and counting. neil: we were not 5 or 6 years past a michae mike major meltdown. it is different, we hav not be new an experience, we have. with this market? well, you can't say that the circumstances today are the same. as the one that were you know presentn 1929, they are not, but the market run that we had. huge run, since march of '09 to me bodes badly for the next downturn, because of that

government infusion bubble. neil: good poin, but i want to pick up on another point but wh might be levitating the market now. carl icahn. >> a lot of people said last year's were built on a. do you buy that? >> i do, right now, i think that whole injection of capital, is like giving somebody sort o llke a heroin, youon't know what it is going to do to them. neil: he w talking about the 65 million a month that federal reserve is providing to keep everything honky dory. >> he also has been involved in one of the biggest names out there, apple, so, he is putting money to work. he is finding value. ne: he said he could pick value of good stocks in any market like he has, he hedges in these markets are. but the valuation of market

itself are such they are generous right now,en, do you think that market is rich? in general? apple is notwithstanng. >> right now, last year, i said dow would hid 1 16,000 it did, my fearless forecast forhis year is dow 18,000, i am sure that the little bit little bittions will do what they can. after that we have to watch out if taxes go up andnterest rate go up it could pop the bubble we could have problems. neil: what do youhink? >> did i hear target 18,0 by dow by end of the year? neil: yes, i think that is possle. but -- neil: that say good targeget. >> i would say that, if you take a big step back, and you rah

have to in this case. we have bn through a tremendous amount the last 15 years two gut-wrenching bear markets, the fed has been supportiveut private sector is paying down debt, and saving again, the are doing positive things, businesses are hiring, you have00,000 jobs month more or less, you have good things in the economy family -- fundamentally, i would not short sell the market you had a 2.5% a year return since 2000, you are not looking at a bubble. >> i don't disagree, narkl necessarily wit that but i think that next bear market will be a very big one. make sure have you a protect mechanism, when that next bear market comes you don't top lose 50% of your money.

>> that would be under the mattress. >> if i could add. i think he i right. you have to watch valuations, they seem to be good, fuamentals seem to be good, and i'll leave it there. neil:ou argued both points very well. appreciate it. >> the republican who is laanching a pack to defend conservatives not from democrats but from republicann. [ female announcer ] who are we? we are thinkers. thjob jugglers. the up all-nhts. and the ones who turn ideas into action. we've madeur passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all.. with a signature. legalzoom has helped start ov 1 million businesses, turning dreamers intousinesowners. and we're here to help art yours. turning dreamers intousinesowners. anbe a name and not a number?tor

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neil:ell, texas repubcan had his fill with politicians trying to wipe him out. hing is louie is not whining about democrats, he is whining about republican, mainstreamers who find tea partiers quant, and now want to make them history,

he has plan on his own, who assignment will to be defend conservative republicans, from establish am republicans. congressman that soundsls like a civil war. >> not a civil war it just a matter of buying prudent, and protective of those who standing up trying to protect the country. i would not say whining we stnd up call it like it is. thos are people that deserve to be helped. >> and somimes people get intimidated, either you go with leadership or you are not going to share in largess that leadership can raise for you, i can't take credit for a n concept. neil: one thing to express your dissatisfaction aut a leadership that dismisses you or ying to marginalize you, but this going after that leadership, saying youeep this

up, i'm going to slap you upside your head. >> well, we're just going to defend peopl neil: what does that defend mean? getting ads out for tea party or conservative candidates aimed at main street republicans? >> it heenes helping those who -- it means hping those who stand up for whatheir district belies, their conservative positions that will help us get back on track as a nation, avoid future bubbles created and burst. these are people that will stand up for common sense, and protection means, we provide them funds, contributions, help them laze funds they will -- help them raise funds, they will know people can helphem, they can raise money themselves. neil: you are familiar with my colleagues who do not like this scorched earth policy they say, this hurts all republicans.

when it is republican sping with each other, what do you say? >> i would as i use the word defend, because the sniping is already started. this defensive act, this is to protect those who stand up for what is right. it is not skyping it i did fen those from saeb am people what are scared. neil: a are afraid ta guys like you -- you heard trill, you will cost the republicans getting the senate or this type of our way or the highway, they say wi hurtepublicans this fall. you say what? >> that is -- i say that is why we have to have mitt romney aa a candidate, if we had abody else like a strong conservative or a ronnieald reagan standp

and call it like it is, they would not win, and mitt romney would, that worked out real well, millions of americans stayed hom. they could not tell that much difference betwe the reblican san date, a the democrat, -- candidate, we hear all of the time from our leadership, we have to give these moderate some leeway to represent their district, well how about the conservatives, that want to stand up and represent their conservatives district, we don't hear that from our leadership. that ijust going be standing up for those who try it stand up for their districts. >> thank you very much congressman. >> thank you, neil. thk you neil. neil: all right, forget these beauties, on "sports illustrated" front cover, how did that get here? did you check out who on the back cover -- not their back? did they mix it up, or a brilliant way to get tos talk it up. ♪

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neil: it is worse than subjecting kate to space and big weight less, putting her on the pack cover o"sports illustrated" prong that editors there a clueless? maybe not we're talking about it maybe the time property gets to have it front cover cake and eat it too. back cover cake -- you know what i mean! in biz little bit deciding whether "sports illustrated" twice as many readers for a issue, scott martin, and jarred levy, i am looking at "sports illustrated" ehe is the front cover, flip it around the back cover there is kate, i am thinking normally the back cover gs, company that pays a gazillion dollars to be associated with this, and "sportsllustrated" loses out on that,s this a good move?

>> did they make it up in sales? it a nice perk see kate on the back cover. you can find a lot of great picture the of her a lot of places, that is the issue here. neil: she is in the -- wait she is in the magazine, y are right. how about that. >> amazing, i have done my research, with regard to si, and the buzz they are creating for magazine, i think it is great, as far as time warner, that is a real question. i have this thing going on with comcast, i like comcast better going forward, it not the same draw, that it once was, you are seeing competition takeover, and kate upton, can be found in the magazine, all over the internet, she is a self starter, she does a great job of getting her out there through otherediums. neil: a key place in magazine ere, a big advertiser nmally is there. and maybe scott is right, jarred they will find elsewhere

@%vertisers, if magazine sells them in notion we'll sell mor copies you get more eyells. >> it is funny how passionate scott is about this, you know, a good poin,ou bring up, the fact that -- >> their is a be story, young man -- a business story young man. >>here is a busess ken chen

commodotized, capital intensivive. netflix made the game chang with original content, house of medical in short-term a little bit of a loser, all our interne traffic is throttled, company that winner providers of bandwidth, google, layg down fer

network, watch that stock, the consumers -- i would not buy net glick because it is overvalue be careful who you buy. >> thank you very kennedy: spanking, what every politician needs, especially when they agent out like naughty little children. if only we could take that over leer knee and give them a booty smack. sadly, it wouldn't be effective or curtail irresponsible spending and lustful power grabs, and one lawmaker wants to give power and teachers the power to spank and bruise children, but, honestly, spanking is laze city parenting. you can't vote your children out of office, but you shouldn't beat them either. stossel here, and we take a look behind the presidential curtain and silly with glow in the dark reindeer. it's o