tv Cavuto FOX Business March 5, 2014 6:00pm-7:01pm EST
6:00 pm
with concern what is going on in the red sea but also hoping to see a resolution now of the ukraine he is the free marketeer. >> in the middle of this international crisis we hope is called the down i think it is slowing down. first of all, the housing bill down this is not that there rip roaring comeback? i have been following these housing numbers and i don't like what i see. not awful but not great. home prices are dipping and home builders are warning just told brothers will not build as many as hope to and
6:01 pm
thought but they are building thousands is a far cry from where they were a few years ago. it is not a bust but worried about a consumer who is not out there shopping or car buying or much of anything. that could be the weather the last time i checked it was an awful winter about one after the snow melts there in the deep spending freeze? hovnanian says you worry but for now he is not. you don't get too crazy? but you must be making note? >> certainly we wish it was stronger and more consistent every single month. but look to the 81 housing and a 91 downturn booked at the recovery's. it was not a smoothes trajectory. it was bumpy good months in
6:02 pm
a bad months. neil: you are closer but when they see the banks laying off were gauged division, thousands over the last couple of months that is the business opposed the turning around but obviously when they're downsizing they say it is not? >> they don't just do whole room -- home purchases by refinance. that is not a barometer. neil: there is still a bargain? >> home prices are way down. one downturn in the '80s the recovery happened in mortgage rates were 13%. everything was relative. if you need shelter and the
6:03 pm
population grows you will buy a home and it may be adjusted you will buy one. neil: when we first got our place we thought we were feinstein at 13% but young people today say that is moving up at 4% i said that is what i used to pay per day. [laughter] it does not take much. >> 1881 mortgages for 18% that was my first mortgage we sold more houses as a nation of 18% then we did last year. neil: do people remember and don't want to be caught? >> there has been a huge improvement we got half a million starts in 2011
6:04 pm
almost to 1 million. that is a long way up. >> we did have 2.4 million but the average is about 1.5 million. we are up quite a bit. that we have not seen since world war ii. neil: but turning into an old man likely but lower holmes will enter the market than buyers. >> would get steadies moodiness and brookings' to the demographics the population this decade is projected to grow by 1.3 million households per year more than the last two decades. neil: so the demand is there whether they could get jobs. >> qualification standards
6:05 pm
have undoubtedly gotten too severe as a reaction with the sub prime crisis that will settle their own eventually. as we build more homes as a country we employ a lot of people we have labor shortages in many of our markets that is the delivery to love that but as they get employed the indecency and electricians will help the economy. neil: a good problem to have. touching on why housing is so important to hear my next guest tell it take a look at this chart. it shows home prices with the s&p. you heard what mr. hovnanian was saying he is very optimistic.
6:06 pm
>> he had valid points. housing is the epicenter of almost every american but wall street. or most americans biggest asset that keeps up with inflation but talking about inflation numbers back in 1981 home prices were one 20th of what they are today also a percentage of income. 1971 through 2009 average 11 percent now is about half. that equates is almost double the cost of a mortgage and if you looked at the average income i don't think the middle class income since 1980 has doubled. but the bottom line is yes. i am a little concerned as rates rise home prices will lead to correct and come
6:07 pm
down. neil: there might be something to what you say. i am intrigued with housing because more americans equate their sense of financial worth because more people are into real-estate and into stocks. but we tend to get as homeowners with the sense of financial security. what about that group of people that are not feeling that secure? >> you're in contact so of course, it is a big part of your mind but the financing the cost has gone up but 30
6:08 pm
or 35%? of price says are flat there is some phenomenon going on because that biggest assets if it is not moving up you will not spend that money certainly not in the stock market. neil: but to see that meltdown pc that so you seem to say that is over there is more of the giveback? to make it is like chicken and egg but it can switch. back in the '90s talking about the stock market with the tech bubble came into
6:09 pm
the housing bargains than the opposite happened making all this money with housing back into the stock market but as long as there remains stable there won't continue to buy. when does affordability becomes an issue? that could be the tipping point. you may not get those merchants with a moderate decline of home prices better stagnant over the three or four years. neil: would use day care? civic the household formation is flat. with what we were supposed to be building spherical is
6:10 pm
good to have you. something he said two years ago and stick around for this inclusive meeting the top chinese manufacturer that says caution. >> does it worry you it could cast a pall over all of markets with a bad the environment for business? >> he is in answering in mandarin chinese. i could tell you what he is saying but you have to wait. you cannot afford to miss it. [ male announcer ] hands were made for playing.
6:11 pm
legs, for crossing. feet...splashing. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to ma, now may be time to ask about xeljanz. xeljz (tofacitinib) is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis.
6:12 pm
seris, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start xeljanz if you have any infection, unless ok with your doctor. tears in the stomach or intestines, low bod cell counts and higher liver tes and cholesterol levels have happened. your doctor should perform blood tts before you start and while taking xeljanz, and roinely check certain liver tests. tell your doctor if you have been to a region where certain fungal infections are common, and if you have had tb, hepatitis b oc, or are prone to infections. tell your doctor about all the medicines you take, and if you are pregnant, or plan to be. taken twice daily, xeljanz can reduce the joint pain and swelling of moderate to severe ra, even without methotrexate. ask if xeljanz is right for you.
6:13 pm
6:14 pm
their foreign policy back because the cold war has been over 20 years. neil: that is the '80s back on the phone because forget whether the president wants to use words like that he might want to do the same. >> if you like your health care plan you can keep it. period. neil: that is the thing is that all comes back to make people think twice. they always regret to their words when it comes to russia at least you are not what we said. >> i remember hillary clinton talked about sniper fire. >> are these recording instruments? >> this rob the faint of a
6:15 pm
bite to call the '80s and gatt ronald reagan back. but it shows mitt romney but have made a good president who was the biggest -- the best candidate but shown compared to the weak leadership obama me but have been better off. the republican field is so wide open and that the theme is that you just showed better so empirically wrong. >> that essentially in the same mind of the soviet republic of georgia had the same assurances and later doing his own thing. >> did you talk to bush
6:16 pm
people today. >> there is one big point we stop them because the bush and the military access and he brought back from iraq the georgia military so we did stop them but the issue is for the president's jobs to go to the eastern ukraine i hope he can and will do that. >> to have no intention of backing down but the russian market on paper says he is not a rich man but he sees that melts away what do you make of that?
6:17 pm
>> with the oligarchs. they feel the pain. presidency reluctant -- and reluctant partner. >> i will not trade him today. >> with the point of all that? >> but they put themselves in putin pocket. via the issue is with the chairman of the jury chief of staff there all nato allies we should send the military over these are our nato nations it is worse
6:18 pm
still and nobody said military conflict chairman with the joint chiefs of staff these are nato nations. it is through deterrence and strength. the nation's better eastern european soviet republic are now nato members are welcoming a visit. neil: interesting. it in the meantime coming ted years too late this seo says she is heavily involved although she did not appear to be an issue you are fuming over to make sure you get answers.
6:19 pm
6:20 pm
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. 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
6:22 pm
6:23 pm
>> why would you say that he partied cases are dangerous? >> on advice of my counsel i use my fifth amendment right to. >> what about teapartier review? >> respectfully exercise my fifth amendment right. >> there is not one smidgen of corruption? >> respectfully exercise my fifth amendment right. >> i have no expectation she will cooperate with this committee so we stand adjourned >> democrats and to republicans appear her and officials say nothing. one of the republicans that left the room it is like it disintegrated. >> of course we had been negotiating with her
6:24 pm
attorney to get her to come in. we continue the hearing where she first appeared then she opened with the statement declaring her innocence to give a statement then took the fifth amendment so that is a continuation. the chairman called her back. we interviewed over 40 witnesses and all roads lead to the targeting. neil: but you knew that she would do this. >> not really that she would plead the fifth. neil: bayou dominate that committee as a republican so it is like me waukegan out of my own house when i get annoyed by the guest that come to my party. >> she was invited back to continue the questioning.
6:25 pm
the democrats will have an opportunity if she is brought back again mr. cummings what had his opportunity. some of that was theatrics he was trying to close this down from date number one. neil: what beta of the republicans walkout? the hearing was recessed or adjourned at that point. the next one is democrats they are always given an opportunity. neil: they cannot ask questions that this one? to make it was a continuation of the chairman's question in of the hearing that we started where she claimed her innocence with a long statement. neil: by a understand but
6:26 pm
when someone tells me look i will continue to plead the fifth. to have to know this is coming. >> that when she would come in and testify. >> listen. next to the last question he said there had been discussions and she had been given in one week more would she come in and testify? so most recently they asked for an additional week just prior to having her come in today. we had an agreement she was subpoenaed. they are playing a game. they're stretching it out because we think she is the source of a lot of the
6:27 pm
problem. neil: this is silly. but thank you. i heard of banning cigarettes but who could be so stupid? los angeles. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. predibut, manufacturings a prettin the united states do. means advanced technology.
6:28 pm
we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. [ mthat if you wear a partial,w you're almost twice as liky to lose your supporting teeth? try poligrip for partials. poligrip helps minimize stress which may damage supporting teeth by stabilizing your partial. care for your partial. help protect your natural teeth.
6:29 pm
i ke prilosec otc each morni for my frzero heartburn.n. becat wohoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. olet's say you pay your tguy around 2 percent to manage your money.
6:30 pm
that's not much, you think except it's 2 rcent every year. does that make a difference? search "cost of financial advisors" ouch! over time it really adds up. then go to e*trade and find out how much our advice costs. over tispoiler alert.dds up. it's low. really? yes, really. e*trade offers investmen advice and guidance from dedicated professional financial consultants. it's guidance on your terms not ours that's how our system works. e*trade. less for us, more for you. neil: rick unger is reforming, turns out he is stuck with his hopelessly liberal thing, he is trying to kick the hab tight save his life -- habit to save his life, and ecigarette companies are trying to help guys like rick do that, but government in a lot of places are looking to ban ecigarettes equating them with cigarette, los angeles could bes latest. saying don't even think about
6:31 pm
lighting' a e-sig in public. rick, as a guy on air, you were saying it is no big deal. >> i'm not a doctor, i have not stayed in a holiday inn lately, it is water it is nicotine, you can argue as to whether or not nicotine is a good idea, from all i want, no worse from a cup of coffee. but, why would you want to ban something that is helping people get off of those cigarettes, we know are dreadful, they are killing people. neil: one rare time i agree with you. i'm thinking greg in los angeles' case, you have problems, you have everything' else, you really have time for this? really? >> look, at the end of the day we need our policymakers making decisions based on science when they passed up door ban for
6:32 pm
tobacco smoking that was based on solid science that showed indoor smoking of bad for bystanders, there is no up science to support that for electronic cigarettes, a dangerous thing when they make policies without an under pinning of science to support it snroo her it. neil: all right here i will show mic noence -- my ignore an, the steam or smoke what is that. >> water vapor. neil: not a toxic smoke. >> no. . neil: what do you say. >> not a doctor, but it is water vapor even if it is nicotine, i don't know if that is the problem with the second-hand smoke, only negative i have come up with, i don't smell it when i blow it into the air, my wife claims she can. there meeting something there,
6:33 pm
she is starting to bar me from smoking it in the house. neil: is that the issue? i think people see smoke, and they just say, well then they dangerous to people who are around it, you say in. >> yes, so, i mean most extensive study on the exhale vapor mist to date, published in a study, shows that what is coming out of someone when they exhale from a tropic cigarette is 100 times to you were the osha indoor air fliewr pollution standard, we have that stafnardstan dard we have it. that is osha standards, what have done coming out are literally, 100 fold less, we should ban perfumes or cologne or something things that emit an odor or that could potentially be offense testify someone. someone. >> particularly our crewious in los angeles, they have come a long way in l.a. in cleaning up
6:34 pm
6:36 pm
what i'm about to tell you could change your life. does your hearing loss have you feeling left out? are you finding it harder to hear the tv or telephone? are you afraid you might not hear an alarm or intruder? if left untreated, your hearing loss can get significantly worse. a recent johnhopkins study showed that hearing loss can lead to more serious issues, including dementia. it's time to call hearusa and get a complete hearing checkup -absolutely free. and, aarp members receive expert advice and can purchase digital hearing aids as low as $795 each. i sure wish i hadn't waited so long. i hear so clearly now. i'm back to myself again. if you call hearusa now you'll even get a risk-free 90-day trial,backed by a 100% satisfaction guarantee. don't wait another minute call this toll-free number and start improving your hearing and your life today.
6:37 pm
6:38 pm
to do things to return on investment reasons should get out of this stock. now that to be did not sound crazy, as a shareholder, i am one, i should disclose it should be among chief concerns of shareholders justin with me, i thought it of a jermaine question, andly judge it matt issue, and -- legitimate issue and i did not like the way you were treated. >> i didn't either. >> what did you say? >> i asked a basic question most investors and shareholders would like to know, company is engaged in man environmental projects, when you engage in those projects are you saving more money than you are costing, he said, that in his mind the company's environmental programs made economic sense. so then i followed up with a will they still make economy sense if the government was not
6:39 pm
so heavily subsidizing your solar project, biogas project, and geo thermal projects that is when he went off the rail, his answer was likely no, only reason they are engaging in these project is because john and gai jane taxpayer are footing will bill. neil: you don't believe in climate change, you don't want you as a shareholder? >> that is the message i took, we issued opposal to apple category for transparency, we want that in the environmental initiatives because companies often come out with a pros of their environmental programs but we never see the cost. so, it is a simple plan sheet issue. and we simple balance sheet issue we just wanted to get to budget of ledger, apple all about profit, tim cook knows, he it not make $40 million last year because apple is not about
6:40 pm
profits, a lot of their green initiatives are green washing. neil: i would be open to and of this just as i think you were getting at, if you have a green strategy that is going to make shire holders green down the road, scpu ca you can see the light at end of that tunnel. fine, but for you to say, or question, it is note all about return on investment, you know get that out of your head, i should get -- this is from a guy whose company makes great products, part is all about all that is all about capitalism. >> it is all about capitalism that is part of our message, i had to bus him on the fence -- put him on the fence, would he go green route or media route, they have a great public relations campaign, why is al gore on the board. it is because it makes company look green.
6:41 pm
why did they hire obama's former head of environmental pro protection agency, lisa jackson, but it makes company look green. neil: i wish we had more time, his no issue with you taking him up as a fellow apple shareholder, but i had no idea it bowl cause -- i had no idea it would cause such a huma ballou. ridiculous, thank you very much. >> thank you error much, neil. neil: the chinese government is worried should you be worrying too 92 growth there is slow. the global -- fact roh factory tycoon in china, there is more money to make.
6:45 pm
neil: u.k. tentions are rising, china growth is is the world's biggest manufacturing company thinking? i got rare opportunity and chance to pick one of the pop executive's brains, right now here, only here, you may hearing his translater speaking. >> your visit comes at a very interesting time, everything hangs on china, that leading global economy. we gotten some numbers out lately that show it slowing down. and that it might not be as strong in the years going forward. are you worried about that? is that a problem for the world? >> based on our experience when there is a recession or
6:46 pm
depression it is best time to expand show, that our ability to improve. neil: what you say ability to improve, you take it as a given they have slowed down in china in. >> i think for economy wise, as a whole, it does not really meat ar mattic compared with our ability to improve, every company, has their open goal, it does not really affect xcmg as a company. neil: is it true as a americans that have set up shop, done business with china, you doing business with united states, and back and forth, that, that trumps all political issues or heat that comes up between the two countries, in that when it comes to doing be it will be we do well with -- together ity woo do well with that. >> for us, the business that goal is none stop improving on
6:47 pm
ourselves, our focussing on new technology, new skills and echo friendly products, did not matter how well or how it will -- the china and united states in terms political issues. neil: do you think that all of the problem with russia and uukraine complicates things, does it worry you, that -- that is could cast a pall overall of the markets, just create a bad environment for business? >> does not believe it will change or affect how our company will do in the state and china in terms of the ukraine. neil: what did the global recovery, itself depends on country, it is slowed from what it was, at least at numbers are positive, from most countries,
6:48 pm
but, it is not as strong as i thought, here in united states, there had been hopes that was year we could have 4% growth, construct activity could get booming again, it slowed now people are not as optimistic do you feel that in china, do you feel that, could affect what do you in china? >> the demand for conditio construct to grow in china, is still -- a huge market for it. and it really doesn't have direct relation with the global slow recovery. neil: i'm surprised because, china's market had gotten to a . where some were concerned it was overheating and chinese government tried to control that, i assume by what you are saying that they feel they have. and that this is an orderly growth, it will not be sort of like we experienced here, of meltdown in real estate or in a
6:49 pm
constructed activity? >> we're a globalized company, the whole world is or market, even though if you believe that there is a recession, we as a whole are still geared after a goal, in the future to make it better ourselves, does not have a current relation with the current economy. >> that assumes that whatever we're experiences it might not be booming growth but it will be stable growth is that your way of saying you, see growth continuing just won't be as strong as it was about a decade ago? >> economy wise should be around right, but there is still potential in the market side to growth for sure. neil: did you read in between the lines? that china will do just fine. they will be fine, the rest of the world we'll see, steve, not really too enamored by that. >> well, i think china will do just fine, and i think that if
6:50 pm
you look at ukrainian crisis. and with russia, why does russia hole so membership card -- hold so many cards, why is u.s. powerless, we can't issue antions that would be -- what sense is that. neil: russia rules the roost, china rules the roost we don't. >> in a sense we don't have an aggressive energy policy, that is what -- >> how would that make a difference. >> then we would not have to worry about russia and europe, we could sell more oil or sell more renew ins or whatever it is we selling europe, europe would not deputy on russia. neil: that makes he think that russia holds cards but china by not protesting or making, a peep about this, that telling me something new. >> the same thing, china has i think half a trillion dollars worth of agreements with russia about raw materials,. neil: their business is firing on all cylinders snr you is,
6:51 pm
are you in the camp that when it comes to china, it slows down to double digit growth to 4 or 5, if you get used it china growing as that base, and it is then not, is that a concern? this ex could exif dismisse -- executive dismissed it. >> no, if china slowed say in 7 years. the 5% is going to come off of a much larger base. they are not going to continue to grow at 7 1/2%. neil: does that worry you? >> what worries me well china, compared to u.s., where they are putting money right now is a energy infrastructure, here is a data . i hope is wrong, china will build 160 million miles of high transmission wiring over next 2 or 3 year, u.s. maybe 17 million, we don't are an energy policy, if fracking goes kaput,
6:52 pm
i think it will will, we are out in the cold,. neil: watch it, watch it. >> steven thank you, i think. >> next, your new favorite segment. >> what's at deal neil. >> you are asking the tough question, world wants to know. >> do you know who neil cavuto is. >> i am a big fan, what's at deal with your hair, neil? >>
6:53 pm
6:54 pm
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 qualify at start-upny.com [do more than ever before with all-new in quickbooks.oks. make any place your place of business with it. get paid faster with it. run payroll with it. sync this stuff with that stuff with it. turn on only what you need with it. sample from our smorgasbord of apps with it. take in the big picture with it. see your finances in a whole new way with quickbooks. this is your business on the all-new quickbooks. run with it. >> thank's man, i'm coming in.
6:55 pm
>> i'm coming? office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. neil: to segment taking station by tomorrow it allows you to getting any off your chest, ask he how he fix things. what is the deal? you can e-mail, tweet, walk up to our camera ask us yourself to our face. >> why is the government afraid
6:56 pm
to follow common sense, neil? neil: because because it run by politicians who share this common bond, they want to get reelected they think the best way to do keep bringing home goodies to you your constituents, well we're is the thing those constituents that is us, we're tired of this nonsense. you can't buy us off congress. so, either move your ass, and cut spending or we should tell home we're going to kick your ass out and find someone else who will, next. >> what's' the deal with your hair, neil. >> what's the deal with yours? no deal, just perfect. all you doubter you can just stuff it. on twitter, you are still a spring chicken, neil, keep up the good work are we know the hair is real too would would you
6:57 pm
know that? then. a man of our stature must attract your share of female groupies, how do you do it? i stay humble, and pudgey or not, go the to love that cavuto. really? what are you calling pudge, gist because, my hash tag is corn beef hash and eggs tag. anything, this guy is not buying it or me. me. even your viewers, are as dumb as dirt, that of written in code, like an idiot, first of all, a little gra grammar update, it is yours, not your's. good luck, or maybe, you just need to stop writing and read what other viewers are write, phil in texas, seems
6:58 pm
renaissance, i would not be surprised if people that send you negative e-mails were closet liberals living in a comic book world, that would make more sense to me, speaking of, which i knew i started something, i thought harmless lee, a kuo about if batman and superman got into a fight, i said superman because, he is melt stuff. batman just has a stupid bell, hundreds of e-mails, james, fyi, batman already beat and won against superman in the comic "the dark knight" falls, it is the premise of the new movie, okay, okay. to ken, via yahoo! who thinks that, really have to cut to core of the whole washington spending nonsense now, neil, what is the deal with you complainting about politicians, not pointing the finger at real problem, u.s. voters, who just weep elections these idiots? that is an excellent points. we put these knuckle heads in
6:59 pm
office, we is all vote them out, then this. from manhattan. if there is complg left to what was called appointment tv your show is it what makes your sheriff joe arpaio much better and you have -- what makes your show better than others is that you have a personality. you don't take yourself too seriously, along with shep you are the best. keep it up, let me get this straight, you are watching me because, the italian thing? i'll take it i'll take it let's get that person a nielson box. keep those tweets and e-mails coming, thank you very much for comes this segment taking nation by storm, your chance to ask me anything, so many about boxers and briefs, we're not going there they better be topical and have means to greater social
7:00 pm
consciousness, i am not going to entertain the question, this bumpy stuff -- this pudgey stuff, even if you are watching i'm disowning you as a view ewatch o'reilly. so you tomorrow. lou: good evening, if you were wondering why in midst of a international crisis president obama the delivered remarks at a small known university in connecticut, there are answers. they are contained in latest fox news poll. those answers are devastatingly negative for the president. brand-new fox polling, finds president obama job approval rating at all-time record low of 38%, that town 4 since last month. and sis approval rating as -- disaperspectival up 54% that -- disapprova
102 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on