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tv   Cavuto  FOX Business  February 24, 2014 8:00pm-9:01pm EST

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stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. have a great night neil: this just in, obamacare down not out. that is not democrats saying that. that is republicans saying that is republicans saying that. welcome, everybody. i am neil cavuto. rep something did not smell right when mainstream atrize wasm republicans said senate and maybe, settings up taki the white house two years later. so avoid any distractions like shutting down the government and listen up. keep the focus on the well-tested issue of obamacare, how bad it is how unpopular it is and howmportantilling it
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is. tea partiers were all for bashing the health care law. what they were not for was doing it at the expense of pretty much everything else, like reining in government spending. tee partyers watched in shock as republican leaders again and again caved on issues once the core of their very existence. increasing the debt limit without so much as a fight. signing on to budget agreements without souch as a single cut. there was the trillion dollar farm billowedded with pork. the president breaking grand bargain promise of republicans to nominally control entitlement costs and republicans not saying boo. throughout, tea parties told sit tight. obamacare will be our issue and obamacare wi be our fight. powerful republicanovernors given up theat the controversiah care law is heere to stay. republicans will try to fix it and adjustt, but foreabout killing it. tea partiers can't believe it. the grand ol' party i not that different from other party, getting along to go along. now tea partiers are finally
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saying so long. to two teed off partyers not exactly in the mood to party including activist and reticent jennifer stefano and jennifer frazee. jenner, obamacare stays. your tughts? >> i think that is a great way to become extinct if you're a politician. in america what we're seeinis a major shift this is no longer a partisan issue, neil. obamacare is hurting not just republicans. it is hurting all people. it is hurting people who voted for obama and believed in him. people have been betrayed and lied to. if a politician wants to have any credibility they have to come out swinging against this law and promising to protect americans from it. otherwise i don't know who they think will show up at the poll for the i really don't. neil: it is interesting, jeff, i want to get reaction to this. the president himself was joking about it. here is the president responding to this. >> she is exactly right.
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>> republican governors here. i won't ne them in front of the press because i don't want to get y'all in trouble who chosen to cover more people through new options under medicaid. neil: what he is more or less saying this train has left the station. republicans see it, are embracing it. all those tea party es can more or less stu it. he didn't say the latter bt i think he implied it, jeff. your thoughts? >> he is not listening to american people. the american people are fed up with obamacare and starting to have impact. i think 2014 elections will have tremendous uprising of tea partiers. i encourage republican voters get involved in the primary process because the republican party lacks leadership. it lacks message, vision, and long-term vision. you know what? my generation will suffer the most and it is uortunate right now. neil: you know, jennifer, the argument is that this law is too entrenched in ou economy right now to just shut down. so the governors seem o be saying and i'm taking them at, from their position here what
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they're saying is, look, we could rejigger, make it more market friendly, ma it more, you kw, policy-friendly. people are not hit too hard but we can't just kill it. is unkillable. you say what? >> well, not true. they said the same thing about prohibition. that was constitutional amendment, much harder to get rid of instead after law. it is a biparsan issue. we're pushing back against the medicaid expansion in montana. my organizatio democrats for prosperity -- americans for prosperity. they have a democratic governor, bullock. they were able totop him from expanding medicaid. we're in louisiana, worki with governor bobby jindal to stop their legislature from extending medicaid. you have republicae tom core bet o pennsylvania and others who want to see this medicaid expanded and they are going toave to hold the line. but i really -- neil: you leave out there, you know this inside and out, easy money. money right up front and pain cos lat. but, jeff, here is what i worry
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about with republicans what do you then stand for, republicans in go along to get along? i give the oth side an inch they wiltake a mile. if you give them a mile they will take you? >> exactly right. we've become parity o democrat light. as a result, democrats are steam rolling republicans. i go back to lack of leadership there needs to be strong vision r republican party. conservative constitutional principles. american people will rally around that, i have no doubt whatsoever. neil: we'll watch closesy guys. thank you very much. google or your life. google dided they know aot more about you than your wife. is that google's way o saying we're all marchmarryed to mob? go to team cavuto right now and let us you know what you're grring about in the next 20 minutes when you take over. the issues that matter to you, you.
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neil: worlmight love google and its technology but flipside
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we all eventually become slaves to google and technology. on the b-side a top google executive bragging how google will soon know you better than, well, your spouse does and short order, robots robots will be smarter than you or your spouse are. we have a congressional candidate, katrina pierson. this is kind of thing worries you this very typef talk. >> you know what, neil? enough is enough. what they he essentially done is legalize stalking in is country. i don't nt my most intimate details being stored by google or anybody elseor thatatter. neil: but they are. >> if the american public knew, they wouldn't want it either. neil: yeah, but i think what he is saying the obvious, that it is out there. we can through your own searches glean a lot about you, maybe a lot more than your spouse knows. that's reality. wake up to it. get over it. the technology and such is getting that smart. by 2029, so smar will be smarter than you.
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>> wll, absolutely. you know what? it is very scary, you tech company you don't know who is behind the other monitor, can know the most intimate details but, which most likely will be used against you in a court of law. but the point here is the american public, they love technology, it is great, it is convenient but they don't really kn the risks that they're running and that is failure of leadership in the politic sphere to hold these people accountable and to make people know what is going on. neil: all right. do you think a lot of people kind of know that whenou're on the internet, you dourrender, at least a little bit,f your privacy and that if you don't want that to hpe don't get on the internet, certainly don't be using google. what is the alternative? >> yeah, i do think that most americans live in their own little world and think, oh, it is not me, they're looking at everybody else but in fact they're looking at everybody and it's true. we take that risk and i think what we'll see moving forward is another tech company that is going to spawn up, that will value your privacy and we'll see
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a shift. neil: we shall see. katrina, good talking to you again. thank you. >> thank you, neil. neil: former microsoft coo bob herbolt says all of this might sound a little creepy but it is increasingly reality. bob, does that mean we just embrace it and, you know, lay down our arms o what? >> well, neil, i think that first of all, many flowers have to bloom. we're seeing all kinds of capability that is frankly are very excitiig. the job that these search engines do and in terms of helping you if you're searching for a car, make suggestions, are teific. amazon knows that i like biographies and makes good suggestions over the course of a week. and so, there are good aspects to this and -- neil: google also kws if you're let's say, dwarf tossing. i'm wondering, not that i am although it is funny just wondering how far this goes? someone who collates all this
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data, i think that was inference here at google, has a weapon, right? >> they do and i think what will happen is that the balance will be achieved. i think someew tools need to be put in place that give people mu more awarenesses and3 control. oo the other hand these are really positive developments to see automobiles that alert you, that thear in front of you is stopping and it is going to help you. neil:ob, you're right on all of the above but i'm saying do we have to surrender a little bit of our privacy in the process? i always thinking of old scott mcnealy line, if you want your privacy, get over it. >> i thi that's true. for example, i'm not telling amazon totop. it makes great suggestions. i'm not telling google to stop, relative to the quality of some -@of the serveses. neil: no, i'm telling them to stop ts. i like all that stuff. st stop this otheronsense. >> exactly. neil: but they don't, they don't. >> there will be tools, nl.
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there will be tools. neil: but the tools are like a hammer and pick axe. does that bother you? >> it does and the awareness of the abilit to use those and how to use them is low and we need to fix that. so there's no doubt there are at love issues but let's this thing grow a bit and learn to control it the way we think is appropriate. neil: bob, i hope you're right in a calming perspectives hold here but the cynic in me wonders. thank you. always good see youing my friend. >> right. neil: will you ever fear a world war 3. why are we cutting our troop levels what they were before world war ii? the former knock police commissioner who was very involved in trying to get iraq's police force upo speed on our speedi fgetting the terror threat? threat? bernie car rec coming up. [ le announcer ] these days, a small busine can save by sharing.
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neil: well something like this. tis are tough but not really that tough and to hear the wednesday secretary tell us not tough enough to warrant all soldiers we're out there. wehrmanned for big wars we're no longer fighting so let's start cutting. secretary chuck hagel means really start cutting. back to not jt what troop levels whave we got into let's say, iraq and afghanistan but before we got into world war ii. to bernie kerik who is quite concerned. you might remembe bernie, more recently guy spent three years in minimum security prison after pleang guilty to fraud charges. we'll get into that. but former beat cop turned new yo city police commissioner and almost homeland security chief also knows some of the world's hottest terror spots including iraq where
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president bush commissioned him to hel rebuild iraqi police force. we might be done warring in iraq but bernie, youave argued forever that those bad guys are never done warring wi us, huh? >> they are at a constant war. they have been at war with us. i think one of our failings across the country is we forget that sometimes. neil: do you think we forget it now with talk about bringing troop level down? >> the troop lel, you may be able to take the troop level down a bit because we have more technology. we have drones. we have a lot of things that we didn't have before but my, one of my greater concerns is our naval fleet. isur air capability. and, theessage that we send to those country that is still feel that they were our enemy, it, puts out a message of weakness and we can not be seen as weak. neil: i remember when you went over to iraq under the behest of
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president bush came back thinking oh,t is a mess. really a mess. this supposedly the tide would turn in our favor. no doubt that the american forces were turning it but these people would all of sudden to a manr woman love us. that is not the way the world works. >> it is not theay the world works and especially no the way the world works in that region. look, what we've done. we went into afghanistan. we went into iraq. we went into libya. egypt. that entire region is in chaos, if you will at this point. and -- neil: so you think that was all a waste of time? >> i don't think, look, i think saddam had to go. he had to go. he was killing, mass murdering and displacing millions of his own people. libya, qadaffi he already given up his weapons. what the push was to get him out there have i'm not sure. you know,ou took out the president of egypt you put in a radical muslim in his
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place. now, both of them are gone and cotry is in chaos. syria, it isnother hotd. we have assad in position there. he is a nuisance. he haslways been a nuisance. he is a bad guy but you want to give worse people his job. we are in a position right now, you got people in the congress saying, we want to support the rebels. the rebels, most of them, many of them, are al qaeda. you want to support them? you want them in power? do you really? neil: ron paul was here not too long ago, bernie, say hello with all of them. don't get involved any in of these places. >> well, at this point we have got to pick our battles very carefully and we can not forget that there is a threat against this cou, period. neil: do you regret the ti when, you know, president bush was exploring you t be homeland security director? allttention and note right that got you, got you in hot
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water. people didn't like you and glom on and try to make a federal case out of you. do you even regret entertaining that offer? thought, and i believed today that i could have done a better job than most people in that position. i'm absolutely convinced, i could have a done a good job, if you look at my past history. put all the scandallous stuff aside, i have had enormous successes in my career and i think i could have been extremely successful in that position. neil: are you bitter? >> am i bitter? i can't be bitter these days. i got to move on. neil: three years, prison. a little long. >> it is not a little long. it is too long. it's long. neil: got you talking about how we go about this whole incarceration. you said the assumption of guilt is immediate in the public's eye and press's eye, prosecutor's eye. you talk about the experience itself, a the system doesn't
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work. the system actually contradicts its own mission statement. what did you mean? >> we're supposedd to impose justice. the p punishment, if you are convted, whether you're convicted in court or you plead guilty is supposed to fit the crime. in today's american justice system that does not happen. the punishments do not fight the crime. -- fit the crime. you areished for life. if it is a felony and, even if you're given probation, even if you're given probation, the collateralamage from that fellly conviction lasts you for the rest of your entire life. neil: you can't work for the government er again any way, shape or form? >> no. especially in the security field. no i can not. neil: how does that make you feel? you've done your time. >> i done my time. i did exactly wha the government waned me to do but that makes no difference. neil, you know what? forget me, forget me.
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you have 18, or 19-year-old kids convicted of some low level first-time drug offense. stick them in eight prison for eight or nine years. you let them out and byome illusion you think that is benefit to society. it is not. neil: you put a lot o people behind bars? >> i did. most of the guys i put in prison like. mexicans or trying to get out of mexico. neil: none of these 18, 19-year-old kids? >> not that i rember i was doing buy and bust stuff. we took kids off the street but they were state charges. in federal prison? they're in thereor 10, 15 years. you can't have that. you're cruise filing socty. neil: i know it was minimum security. that is hardly a cakewalk. did people try to mess with you? what happened? >> no. i was, i was fine. you know, i was one of 0 men that was assigned to this camp. i had, you white-collar charges
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so to speak. neil: the fact it was country club type prison. it was far from it, right? >> you know wt? untry club setting thing i nonsen. it is bs. you don't have to worry about staff infection or mrsa infection inountry club. you don't eat out of a microwave or tupperware dish and most importantly you're not deprived of your freedom. i dot give a damn what anybody says. that is the worst part of prison. i don't ca what kind of setting you're in. neil: you talked about this and how screwed up our legal system has gon here especially sending people off to jail and you mentioned dennis kozlowski, rmer tyco chief just released. he said he did not commit a act of violence. he was not a pedophile or rob or rape or maliciously assault anyone. the conviction resulted in 8 and a third to 25 years. pay $90 million restitution to former employer and $70 million fine. you go on to say, what is enough is enough?
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>> his case is one of the probably in this country. the guy paid 160, $70 million in fines and regstution. okay. is that not punishment? you convicted him inourt. is that not punishment? it is enormous punishment. oh, yeah, but you know what we're gog to do? we'll send h to prison fo eight 1/2 to 25 years and we'll guaranty he is completely crucified, not to mention, when he applies for parole at seven, we're going to keep him in for anotr year. they will take some guy that is in for attempted murder,oing 10ears, to let him out in four. you now what that guy did ? we o and killed a nassau county cop and civilian that he killed in the process of escaping. is it fair? no, it is not fair. kozlowski went to prison because he made a lot of money and was extremely successful. that is what the focus was. neil: you think if he didn't spend money as lavishly -- i
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always think it is miss money. leaving that aside, almost makes you a target these days? >> of course it makes a you a target! neil, walk down the street and ask anybody about that guy and you know what they will tell you? that is the guy with the six, the seven, $9,000 shower curtain. neil: right. >> i have no idea what that guy did. i have no idea what -- neil: that is what we remember. >> t shower curtain. that is all i remember. you know what? he paid his price to society. he paid his debt. why isn't he out working, real work, paying taxes, taking care of his family aiving back to society? neil: he will be barred i think from the securities industries. your barred from wking with government. how do you make a living? what do you do to make a living? >> i don'tave alue. neil: really? >> i don't he a cluee the bottom le and -- neil: you and rudy uliani lk. >> no, we have not talked. neil: really?
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>> neil, listen -- neil: through your incarceration didn't talk? >> no, sir, i didn't talk. neil: whenast time you talked to him? >> september 11th of 2006. neil: are you bitter? >> no, no. you know what? i want to stress this, if'm having a problem getting a job and kozlowski can't work, what do those hundreds of thousands of young kids that we put in prison every year, what are they going to do? what are they growing to do? where e they going? they're going back to the streets. they're going back to society. is that really what we want back in society? somebody has to fix this system and it has got to get fixed fast. neil: bernie kerik. very good seeing you again. >> thank you, sir. neil: thank you very much. neil: thank you very much. we'll have more ...return on investment wall isn't a street... isn't the only return i'm looking forward to... for some, every dollar is earned with sat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement
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responsible for that day in and in day out.
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after a while the justin the desk. it is part of the system. neil: okay. depending on the retailer if it extends to the utilities that are hits what do we do? >> this is one of thel in fastest growing problems in the country. not just retail theft and our identities but when you c look at the big picture it is the same criminals going into infrastructureio infrastructure, airlines, a the samehisartment, hackers coming in to us personally. t so the government and industry have to fight together. neil: they don't show or can
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get on the same page. sure you at with your data and formation from a proprietary standpoint? do you do background checks? we'll get efforts snowden. othe examples. target. neil: they're just dumb. >> somebody is on the inside somebody has access. if it is a chinese maybe they have access internally. maybe it is the hacker who do thehave inside? neil: most of the time is someone on the inside. >> very often. neil: thank you. neil: forget health care the obamacare is bought on. ♪
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il: it is time to spread the sheets where we take us a different look at a topic on your mind to first make them laugh then they will cry but cting to obamacar this video will make you think. ♪ ♪ may be not dolly parton but with advertisements like this will get people to laugh and think about health
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care as a cost of our jobs and the american work ethic? >> right. it is difficult to sit do and watch a half an hour of television without seeing pro obamacare had to sign up with the marketplace and opponents of obamace counter those ads and in this case making a pretty funny music video about the effect on the economy. neil: more or less they are saying because of the health care law more workers will become part time and that is just part it. >> right to. and a lot of people will not take the time to read a report from the cbo to show how obamacare would eliminate 2 milli jobs
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from the ecoconomy. but a few people can wah a video that is a w minutes longer funny and educational that is of wind. il: on the riverside pushing the lot trying to use humor to get people to sign up tos to say this would be dismissed? >> to get people's attention to think all sides of the story remember the pajama boy video? that was of light are did take to style -- sign up but it is just the counter to that thas enrollment numbers don't show the whole picture. there is an impact on the economy, said jobs the type of health insurance mayy not be the best fit. many people have seen their insurance canceled. there is another side to
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this sry. alec baldwin and loads. charles yne calls them a load.
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neil: alec baldwin producers what do they have in common? you want them to a shot up. charles payne is here. you are trading up a storm so we will let you lose. the actor said he is quitting public life but in a very public way. most of you want to him to go away but we don't give a
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rat. he has nothing to do with our lives #hate monger put anything there. another grandstanding his career must be winding down. >> i was driving down in the village two summers ago he rode right in front of me on his bike deaths raised to thousand if i would have hit him i would have been arrested. they would carry me around the york city on their shoulders. [laughter] neil: he probably knew you. >> he stopped hitting up cameramen maybe people would not be too interested. neil: it is interesting he rails against the network that he worked for so does he eat his own young?
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>> it is always inevitable like a shark nothing else around to each other sharks. neil: really? >> i don't know. i just sa the. [laughter] neil: remember he was booted from a flight for using his cell phone? the transportation department nosays he is looking at keeping up with in-flight calls but now giving the green light. this is america you have the right to call anytime you want to know sulfone on planes period can you imagine sitting to an obnoxious loudmouth for five hours? >> it is geographical. also lahoma they are courteous and the new york or california route? absolutely not for coming sure you have an air marshal
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on each flight. yoll need one. neil: people feel the need to show. they have arrived at the technology you can talk like i am right now. no. that guy is history's chemical is listed no job fono girlfriend nobody in the bank is trying to cut a deal. neil: this is an issue near and dear galago movie to across despite his warnings if he is quick to point out eyes of this for myself with the anti-business undertone but it did the double standard leave the kids alone. others are defending the movie at was about as anti-
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business doesn't bugs bunny people need to be not too sensitive. >> i don't like the subliminal suggestion over and over if you wear a suit and tie you are the villain. neil: it is not subliminal. >> it is straightforward. we are ithe country and people are dropping out of the work force and told state in your parents' basement andell your 26 get the college degree you are -- with every bond. but to rumpled bet or in power to be proactive where we are. the movie industry makes a lot of money and concession sales al pace inflation nobody ever gets $20 million back so they have the double standard but i y keep away from the kids. neil: it is so pervasive but
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you could make the point is is just a kids' movie but what hurt anyonto make a movie about the business character not being a jerk? the in character the guy behind building robo cop he is the good for nothing esop offer the money i felt like saying to my boys. shocker. >> every time it i amazing. the credits roll up then the guy who wrote to it was the lead actor and producer and director don't work too hard give me a break. neil: with so little movie then all the merchandise. [lghter] >> it is a beautiful thing to have both ways but there are ramifications.
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neil: starting with a young age you are right not to trust these guys because whatever they have achieved is through various means. that is not a subtle message >> click that occupy wall street those young adults really believe that. idle vague the majority of americans realize overwhelmingly overwhelmingly most rich people are self-made they have long coattails and have made sacrifices. when the president says they're on their cond 1/3 marriage and don't know their kids names of the others have benefited. >> but they are a danish company. [laughter] >> for all those people who have stepped on a late go without shoes. [laughter] >> but he should be killed from the outset that i a digress.
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coach calls her a team player. she's kind of special. she makes the whole team better. he's thkind of player that ps the puck, 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. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years
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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 qualify at start-upny.com neil: did netflix make peace with comcast ear set the stage for toupee more to comcast. in tonight's biz blitz, picking apart ransom netflix payed to comcast, comcast got netflix to pay more for supreming more -- streaming more, i think they call that peer pricing, what is to stop broadband carriers from charging you to downloading more, to jonathan honing who called that basic sense. and jonas, you are not happy
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with this. >> it is not a good piece. >> come on. >> if other companies start to do this, start paying money to the what will become internet monopoly, they provide last mile to your house in markets where there is no competition in particular with mergers like comcast-time warner deal. what if everyone paid for access you don't get into the home, it is not the power companies not heating your home so government does not need to step in to protect the consumer, but ultimately the consumer will get fried. how you start a web site and grow if all of the internet providers are shaking you down for slaughtering fees. >> i am just glad jone as did not make a stretch by equating comcast to the third reich.
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you are seeing simple trade, you use more you pay more, netflix is a wonderful company but they don't own the internet, internet is not a public utility, if you want to use more you have to pay for more. neil: you don't where about precedents that might be set. maybe if you pay for it you use more, then all of a sudden netflix set the stage for willy-nilly price increases that could get out of control. >> neil they didn't haven't gotten out of control in any other industry, you want more salad dressing with your take out you pay more, you want a first class seat on your airline, you pay more, the consumer has been the beneficiary, 15 years ago it of $60 a month for an e-mail acount, you pay that you get so much more, consumers are paying more they are getting more that is what netflix and comcast or doing. neil: jonas we'll see a lot of you know high bandwidth use
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companies pay more for this privilege, the question is how many more, and ho how much, i can imagine for comcast and others this is pay dirt. >> well, on one hand, they got no trouble with flat fee pricing, the consumer is not paying directly. neil: but it is not a flat fee any more. >> notsumer on cellular, but they don't charge residence ha residential user for bandwidth. the consumer is not paying for it reason why they are not passing this to consumer ask nene government seps in -- because then the government steps in because the consumer is getting hosed. problem is that is getting passed through the system to larm internet providers, large company like netflix, who we
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don't see the damage but the damage is there. neil: we'll pay more regardless, switching gears, even the dumb money on smart watches, trouble is k4- i which is the smartest watch, whose time is it? there are so man players. i know that technology is supposedly all the range, who has the leg up? >> it looks like google, but it is they are all competing and winning as a result. a suspectry go we had world fares we debuted new innovation like the ice crime cone. cream cone. neil: the greatest invention ever. >> some smartphones are miracles on earth, if all major players, google is top dog right here besting even apple, but they are all creating amazing thing, i think that all consumers will
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benefit. neil: jonas who wins? >> it might be samsung the watch thing, has not real taken off with the consumer it is kind of a novelty item but they added a heart monitor to the 92 new near -- to the new gear watch, the minute is is a health thing, your doctor can track your heart, then is will be a big must-have, i don't know who will pick it up, but someone will make a big market out of a combination of a smart watch with activity function. >> i agree with what jonas is saying in terms of health, and diabetes companies. neil: a lot of medical applications here. you know our night cap time, jonathan, tomorrow? >> egypt, government has resigned turmoil there. but the stock market keeps going up, i own egpt in high hedge
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fund, i think it can move higher with bad news out of middle east. >> i think that housing prices are relevant, they come out tomorrow, we saw market slowdown for house sale because the weather, but it could have been interest rates tricking up. i want to see prices not continue to rise, but not fly backwards, the economy could note handle that. neil: you think that if home prices are doing nothing more than stag nating, as appears to be the case, if people are look figure for -- looking for this year to be the boom. >> i don't' a boom, i want a level, steady pace, you don't' a bubble but you don't want rebuilding of home equity in america to shied back, we saw know rates go. i hope it did you not. neil: john? >> reits are doing well, a real-time proxy for housing prices, they are at yearly
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highs, i think the whole complex moves higher. neil: jonathan talking about reits, re investment trusts, that is it we'll see you tomorrow. kennedy: don't look down, it appears we have some shrinkage. defense secretary hagel calling for a stream lined army, cutting back active soldiers by about 20%. bigger is better in case of bank accounts and shoe closets but when it comes to trim able extend pures,. researchers found a way too combine dna from three parents. piers morgan, retiring, so for all you fans. we are

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