do here tomorrow. ♪ ♪ neil: you would think with numbers like this, the conessional budget office would think otherwise. they have sggested 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. but you would think when they do not suit you, you go slow. how many times have i had small business sites of all olitical persuasions in thi ecnomy, it doesn't make economic sense. especially with rules and regulatio up to a dozen a day now, you woold think even he most diehard speders. joe biden promoting more government spending on infrastrucre but we cannot account for more than $120 billion that we spend each year on infrastructure. the great eample, many will tell you that it's still spam.

the ceo's ceo. bob has a lot on his chest. thank you for cong on. >> thank you. it's great to be here. >> like it and you don't want it doesn't. that's one thing. both parties play this, but this is a risk that you get. >> yes, it is. and it's a very emtional issue the implications that we talked about in your opening comments.

it's like if 3-dollar price increase. the onsumer going to take that and i would tellou for my own personal experience and if they have to raise wages $3 per hour and tried to pass that onto a consumer in this economic environment, that could end up losing their business and shutting dow the operation

right now will pull jobs with the uncertainty out there. any large operations and small businesses areeally holding back. they are not sure to your point 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 this. >> i woulnow would not be the time. it's like gong to the corporaon and saying that it something th as an employee i wa a big raise. i'not leveraging it at this time in my opinion.

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

neil: not too long ago we had one f the cofounders a he was talkin about this atmosphere that exists today he blames both parties for it or it it makes it very tough for them to create 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 all said that we have not 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 the epa and the nlrb. it all comes frombig government. neil: government is always

interesting. >> i would say that the level of policy an reguation has accelerated in the past two ars. ththat's my perception. neil: it's hard to dial back. >> that is a general consensus. again, i can tell you that personal experiences hee and not to pile on the issue, but the affordable care act and my family having to go out and try to get new insurancepolicies. neil: for your family or workers? >> your family. >> we have had an inordinate amount of time and enery. 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 this going to digital. we are thinking about this moving back and forth in north and south. we have pipelines versus taak cars and we know that the oil

will be produced. >> i am just a voice in this. neil: we need a new person in the white house and congress and thinking. >> les take a business point f view and an economic point of view. that will take so manof our economic problems out tere.

>> we are learning from the past but not being cked into the pa. not the way you want to see. >> i don't know if they read 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. at least for my experience. a great mentor of mine and a real friend or. >> we have tracked this prior to

this recesson and an unbelievable correlation bween the two. and that is the last thing that we want. and there are sectors that are really srong. the housing is starting to come back, the auto industry is coming back. oil and gas. we were gettg dangerously close to being energy independent. probably some of the most disrupve technology that we've had. to be able to gain energy independence and we are close to oil in this country >> were to take it going after

thh lottery nner is not the rest of the winners ad

neil: the winner of the quarter

million powerball jackpot is showing you where to invest. first thing is first. pay our taxes. and if you already hve, you opted for the rest gog to uncle samm. the government is getting it done. places are getting it done like shington. leaving aside what washington does, why not all of those that? the uncle sam 401k pla

>> nancy pelosi will be happy and it will be geat. >> redistributing money works. and we don't know if people actually do take this if you observe it, it is backed by securities and you deventually get the mney when you are considering this, we have to remember that this is a big money as well.

when they started these lotteries, the beneficiary, by now, all the kids would have actual cash t they don't. they are dumber 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 we will be that one in 1 million person struck by lightning winng 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 ting the money and just cutting down the deficits or debt in various states. so whether we can attach this, it must be earmarked a that a horrible word. >> a lot of states have that issue. but they raise taxes on distililled spirits and cigarets and many thanks which of cour most of the money goes into general cofferand never makes it to the feel-good reasons that they ge us. neil: that's absolutely rue.

>> the $170 trillion, million dollars will only stop the spending for 30 minutes. like obamacare and others as well. neil: talking about, like we sohat 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 e money goes to beautificatio museums and trainings and that

sort of thing. neil: ladies, thank you so much. all right, now we know that now is not the time. increasing the minimumwage. thousands and enough with no job. the cbo said that. countless small-business guys back here. we thought it uld be a perfect time to get a liberal and conservative time to arguments. in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinkingp game-changing ideas, like this: dozens of tax free zones across new york ate. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can quify at start-upny.com

we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can, "i did it!" ♪ we are entrepreneurs who started it all... with a signatu. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. like carpools... polly wants to know if we can pick her up. ah, we can make room. yeah. [ male announcer ] ...offi space. yes, 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 siness. our best value plans ever. for example, you can get 10 gigs of data to share. and 5 lines would e $175 a month. plus you can add a line anyti for $15 a month. sharing's never been better for business. ♪

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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 i to a former cysler ceo to say theinimum wage hike d going to crash and burn the economy. you get as we said 9 thousand out of poverty but you push 500,000 out of work. numbers that administration refutes. matt, why you do think that they ar errorring on the conservative side. >> you look at study after decide, it shows raisi the minimum wage results in job loss, in this particular study, you have a lot of people, reporting half a million jobe

losses,embership others saying a million or more, fact that people will -- are going to be hurt by the increase of minimum wage, they say it is fighting poverty, how 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 ishe cbo reliable or not. >> to be fair they since that sized the available science, we dot haveo look at what economists say we could look in the real world, states that raised minimum wage. we've seen there a net effect on

jobs. in many of them 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 play, like a booming state economy that does not mirror what is going on nionaly. >> a combination, but increasing minimu 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 reason, if you are a boss, someone will get the short end of that stick. >> there are pluses and minuses, but when you get 17 milli people, an increase in pay, 900 thousand people out of postie, and net effect is zero that i a

poll have we wor taking. neil: the did not disbet intnot get into that, we can dispe 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 tha the pause is there because of the rules and regulations, they are afraid, is that fear justified? >> absolutely. let me tell you, business people are not reading the cbopeople, like bobor that dl scpe bill nardelli and bill gates run businesses, they know, people go overseas for labor, they find technology to offset. neil: not all of t time, history replete with all wry warts about wages going up or businesses would fold, in prior

times we had raised minimum wage, but wn we have, it has not been the end of the year. >> i'm not saying the end 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 that recovery is not so weak? >> fair to say. >>ou should tell others that. >> fair -- look, fair to say, 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,ay let's raise the minim wage, they think by investing in their works, tt increasing worker product, and retention rates, sure we pay a litter more in payroll, on thehole we're better for it. neil: i guess the proof will be in the pudding if we get the

hike, president proposed for federal contract workers in the future, but note officl or close for anyone else. in meantime bankers making money, bad, tech guys making money, good. the media picking and choosing its paid villains awful, damn awful. you

should be compensated but the 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 ofhem, there no comparison about you're worth and overall pay packages. >> 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 always have tha pallcast over them. >> the lifeline of tech companies start on wall street. we are the lifeline to developing them and raising capital, gets that structure in place to grow. and blossom in my opinion, it goes well beyond that. though, think many of the major silicon valley firms are major democratic campaign contributors, but me so, very interesting president obama is our first president that ever used social media. social media was a major sttegy for his 2008 eleion, he used twittero rind voters to vote, and interacted on facebook, back then twitter was

just launched and the iphone was not out. neil: maybe you bankers have to get technologically hip. >>e have to catch up, in 2012, campaign was 10 times more than romney. it is social media plays a major part in democratic campaign party, i think that is major reasons you see more scrutiny coming onther siie. neil: well, sd, thank you, michael. if you have to hit one on outrageous pay hit them all, go make it a firing maine 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 anything similar. similar? one guest does, he sees 1929 happening all overgain. >> tremendous crowds you sse gathered outside of the steek

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male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. neil: the dow right now, winter 2014, back then in winter 1929. weird how similar ty look, right? we remember how that 1929 dow chart ended. wonder if the 2014 dow chart ends the same way, to a bl 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 bebegan a recession before the top in market. in octer of 29. u had a fed that was paralyzed

and unable to getting any done, you have a cooperative fed, lookin to add liquidity. big thing in since from 1920 it 1929, 9 yrs, you have almost a 4-fold increase in the dow, we have had 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 f sure. neil: you look at the same ing, what do you see. neil: see? >> i'm a financial advisory, my b is to protect my clients from bad thingsssue we spend all our time looking for bear markets like in 2007 we told the customers to get out of the mark, and we told them to stay out in all of '08, that chart concerns me, we're in the middle of what i call a

government-infusion bubble. japan has pumped in printed ove a trillion dollars in their economy. 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 have not been new an experience, we have. with this market? well, you can't say that the circumstancesoday are the same. as the ones that were you know present in 1929, the 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. ne: good poin, but i want to pi up on another point but what might be levitating the market now. carl ica. >> a lot of people said last year's were built on air. you buy that? >> i do, right now, i think that whole injection of cital, is heroin, you don't knowf what it is going to do to them. neil: he was 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. neil: he said he could pick value of good stocks in any market like he has, he hedges i these markets are. but the valuation of market

itself are such they are generous right now, ken, do you think that market is rich? in general? apple is notwithstanding. >> right now, last year, i said dow would hid 1 16,000 it did, my fearless forecast for this 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 u and interest rate go up it could pop the bubble we could have problems. neil: what do you think? >> did i hea target 18,000 by dow by end of the year? neil: yes, i think that is possible. but -- neil: that say good target. >> i would say that, if you take a big step back, and you rah

have to in this case. we have been through a tremendous amount the last 15 years two gut-wrenching bear markets, the fed has been supportive b private sector is paying down debt, and saving again, they are doing positive things, businesses are hiring, you have 200,000 jobs a month more oress, 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 bubble. >> i don't disagree, narkl necessarilyith that but i think that next bear market will be a very big one. make sure have you a protect meanism, when that next bear market comes you don't top lose 50% of your money.

>> that would be under the ttress. >> if i could add. i think he is rig. you have to watch valuation they sm to be good, fundamentals seemto be good, and i'll leave it there. neil:ou argued both points very well. i appreciate it. >> the republin who is laaning a pack to defend conservatives not from democrats conservatives not from democrats but from republicann. in the new new york, we don't back down. conservatives not from democrats but from republicann. we only know one direction: up so we're up early.

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neil: well, texas republican had his fill with politicians trying to wipe him out. thing 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 a 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 uprying to protect the country. i would not say whining we stnd up call it like it is. those are peopl that deserve to helped. >> and sometimes 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 new concept. neil: one tng to express your dissatisfaction about a leadership that dismisses you or trying to marginalize you, but this going after that leadership, saying you keep this

up, i'm going to slap you upside your head. >> well, we're just going to defend people. 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 helping those who stand up for what their district believes, 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 help them, 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 republicanniping 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 the drill, you will cost the republicans getting the senate or this type of our way or the highway, they say will hurt republicans this fall. you say what? >> that is -- i say that is why we have to have mitt romney aa a candidate, if w had anybody else like a strong conservative or a ronnieald rgan stand up

and call it like it is, they would not win, and mitt romney would, that worked out real well, millions of americans stayed home. they could not tl that much difference between the republican san date, and the democrat,- candidate, we hear all of theime from our leadership, we have to give these moderate some leeway to represent their district, well how about the conrvatives, that want to stand up and represent their conservatives district, we don't hear that from our leadership. that is just going be standing up for those who try it stand up forheir districts. >> thank you very much congressman. >> thank you, neil. thank 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 to us talk it up. anuncer: where can an investor

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we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our 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 er 1 million businesses, turning dreamers into business owners. and we're here to help start yours. like carpools... polly wants to kw if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, 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 buness. our best value plans ever. for example, you can get 10 gigs of data to share. and 5 lines would be $175 a month. plus you can add a line anytime for $15 a month. shang's never been better for business. ♪

neil: it iworse than subjecting kate to space and big weight less, putting her on the pack cover of "sports illustrated" proving that editors there are 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" ehere is the front cover, flip it around the back cover there is kate, i am thinking normally e back cover goes, company that pays a gillion dollars to be associated with thi and "sports illustrated" loses out on that, is this a good move?

>> did they make it up in sales? it a nice perk to see kate on the back cover. you can find a lot of great pictur the of her a lot of places, that is the issue here. neil: she is in the -- wait she is in the magazine, you 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 its 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 other mediums. neil: a key place in magazine there, a big advertiser normally is there. and maybe scott is right, jarred they will find elsewhere

@%vertisers, if magazine sells them in notion we'll sell more copies you get more eyeballs. >> it is funny how passionate scott is about this, you know, a good poin, y bring up, the fact that -- >> their is a be story, young man -- a business story young man. >> there is ausiness agile. twoovers drawing more eyeballs there is a lot of other media, i don't think that the ceo of time warnerhinks that kate upton is changing the fac of advertising for the company. neil: well we're abreast of it never the less. in the meantime, netflix knows how to melt the internet, and internet traffic, such is demand for netflix programs on some days it is account for a third ofll web traffic, a crush and rush for the programming internet service provider see very slow video downloads,

customers both line it, some providers like verizon top charge netflix more for it. >> it will be a fun fight, ne netflix separate themselves from telecom companies, who a they going to to choose, i think sfok stocks are showing -- telecom is tough, verizon and at&tes of the world, sprint could they are tough they are commodotized, capital intensive. netflix made the game change with original content, house of cards, super popularhat is where you go if you look to pk sides. neil: jarre >> i think that netflix could be in short-term little bit of a loser, all our internet traffic is throttled, company that winner providers of bandwidth, google, laying down fiber

network, watch that stock, the consumers -- i wouldot buy net glick because it is overvalued. be careful who you buy. >> thank youery kennedy: spanking, what every politician needs, especily when they aent out like naughty little children. if only we culd take that over leer knee nd give them a booty smack. sadly, it wouldn't be effective or curtail irresponsible spending a lustful power grabs, and one lawmaker wts to give por and teachers the power to spank and bruise children, but, honestly, spanking is laze city parenting. you canan't vote your children t of office, but you shouldn't beat them either. stossel here, and we taake a lok behind the presidential curtain and silly with glow in the dark reindeer. it's on.