tv Cavuto FOX Business March 27, 2014 6:00pm-7:01pm EDT
6:00 pm
understand what is going on. that is my "two cents more". that's it for tonight's will was hurt her. thank you for joining us and don't forget to catch us by recording us if you can't watch us right away. have a great night. single mobile. ♪ >> a lot of us are bummed out. when it comes to these markets a lot of us are bummed out. many are afraid of markets and stocks. after the big run-up over the past years, these folks are not impressed and in fact they are worried. one out of three americans are that anxious and afraid and that cautious. i can understand after the big meltdown years ago, but it's been more than five years and
6:01 pm
it's not the memories that are dying hard here but that a lot of folks are hardly getting by. they don't have the money to invest and i suspect that the cost of running the new health care law are not helping matters any. there's an old housing rule of thumb that a realtor friend of mine passed along. if you're feeling that her home, you're thinking about a nicer home. but she also implied was if you are not feeling at home, you're not thinking about a nicer home but you're worried an uptight and i really think what ails this recovery is how tepid it has made our expectations. we are grateful for so little because it's never amounted to much because for a lot of folks this economy hasn't done much. it hasn't made them whole or heal their financial wounds or restore their confidence or hope that their kids will have a better life. it hasn't made the americans confident enough or much of
6:02 pm
anything. but that is hardly the stuff of what dreams are made. so back to the survey and he's one of three want nothing to do with the market. so let's say that they really can't afford them or they're leery of them or both. how long do you think a market boom can continue without them without many americans participating in it. because it keeps a lid on demand when so few want in. and most are passive investors at best, automatically adding to their investments via mutual funds and the light. there's a few of those in these markets that are really into these markets. so back to my comments about americans losing a sense of promise. they don't trust politicians. nor those who say that you can tackle this massive debt that you never do. before you can get americans back into these markets, you first have to get them back in
6:03 pm
to america. you have to win back their trust in you have to give them back what they believe in and what made this country great, scene where warlords and not being taxed to death. if it's hard to feel good about where you're going when you read this country going and when you see us hitching rides with the russian to get into space because we given up on space or abandoning our leadership roles in the world in the world wide web some notion of a new world order trade you can't get people to think about this when so many beers exist but the country has lost its soul. this is about a third of americans who say they can't be bothered because they have already taken stock of this country. this is a lot of folks saying that america is not good.
6:04 pm
tell me if you agree. but for now, one of the more astute market individuals that i know is here to tell me what worries him. what do you make of that? i know jimmy carter once called it a malaise, but i think it's more profound than that. >> you know, if i wasn't hooked up to these wires right now, i would jump out of the chair and i would start singing the national anthem and start crying. and i mean, my dear friend. you just nailed it. people have lost their confidence of believing that their children are going to have a better future. and this whole great experience, what we call america, it's all based upon confidence that our leaders will do what they say they're going to do and that they will not lie to us like harry reid saying that i have tax returns and these people are lying about their health care
6:05 pm
prices so it's the same thing with our president. and this monologue should be posted everywhere in america. because you got into the root of the problem. how can you keep old to invest of the future of this country, the greatest country in the history of the world when we have a leader that will not lead that will draw a red line and then just walk on past it. or look to the other side once someone does this. and i'm sorry to lay this all of the presidency, but on the way down here i was aching about the budget battle and the raises and all that was going on. this president said if we don't do that we will see stocks fall apart and our credit ratings will be destroyed. is that what a president does? know, he makes you feel confident in the future of the
6:06 pm
country. >> you know, when you follow the numbers and you follow the more closely than i do. and we think we might make the percentage we really work hard, get up to three and a quarter and you and i can remember them out five or six or 7%, and job growth during the recovery was 700,000 jobs a month. and now the cracks a hundred we say okay, let's keep it going. it's like our expectations have been lowered to the point that we are grateful for so little and we forget that we have made this happen. >> i think that you have made that right in your opening statement. we expect so little because we get so little from washington now. >> what you call your friends and colleagues? for what you do? >> you know, it's very difficult. we speak to thousands of people per day at our company.
6:07 pm
and i have to tell you that the number one thing that rings true is that people are very scared right now and they don't know what the future holds. what we tell them from a financial perspective is that we have to be diversified, stocks and bonds and treasuries and insurance and annuities and be well diversified in the portfolios that we have. but you have to start believing in this country again until we see leaders stand up. and i think we are starting to see it. yours the now what rand paul and ted cruz and some of the guys that are really willing to dark drawing the line and say we are going to cut spending and take the political risks and make that happen. >> i hope that you are right. >> maybe that's what it's going to take. because you put it in your opening statement. if we want america to be great again. americans are great. they could be great again. they're looking for us to be told that we can be great again. gerri:
6:08 pm
neil: very well put. this latest astronaut is going to be hooking up to the international space station are you paid $70 million that speech to get up there. okay, next up. begin enrolling that has a former nfl pro worrying. and senator harry reid on another rampage on facebook and twitter. seeming to have reached the limit as a senate leader. but what he just said is going to for you. when folks in the lower 48 think about what they get from alaska,
6:09 pm
they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy. but that's just the start. to produce more from existing wells, we need advanced technology. that means hi-tech jobs in california and colorado. the oil moves through one of the world's largest pipelines. maintaining it means manufacturing jobs in the midwest. then we transport it with 4 state-of-the-art, double-hull tankers. some of the safest, most advanced ships in the world: built in san diego with a $1 billion investment. across the united states, bp supports more than a quarter million jobs. and no energy company invests more in the u.s. than bp.
6:10 pm
6:11 pm
6:12 pm
and even he says that this is dangerous. he's a former new york jet and analyst. and i thought at first he was going to be a remote guest. so i was going to ask him all kinds of embarrassing questions. but then i realize he is here and he can hurt me a lot you are worried about this. why is that? >> i think that this slippery slope. i believe that the unions are out there trying to fill their heads with a little bit of things that are not realistic. arbitration involved in a union is very much an in-depth thing and it takes a lot of investigations. and unionize college student who has a football player who doesn't like what the coach said to him. this echoed arbitration? .what are the ground rules?
6:13 pm
>> well, i think that they have been sold a bill of goods about how this can help them and getting into a college situation as a young kid rated at 18 years old there's not there is not much of they have been worldly about. they've learned in college and i've learned that the ball is the disciplines for it. neil: they also learn money. okay, so the colleges didn't always pay attention to the fact that it looks egregious, on the money that they were collecting for merchandise with all of these kids. but it's too late for that now now that the unions are involved. but your point you're worried that they will make this worse. what will they do? >> the thing about it is that %-to add to their union wages ad stuff like that. and now you're going to have to worry about taxes. under the become an employee, you also are going to be susceptible to being fired when
6:14 pm
you can't fill your needs and so forth. so as a college student when you are given a scholarship, it's a ford year cingular scholarship and at the end of one year if you don't fill your obligation, that scholarship can be removed after one year. neil: are the kids paying the direct use? >> yes, they are paying dues to the union. the one they would have a stake in this and get their cut like an agent. and they feel that they can benefit from it. in the ncaa and the big focus for not approaching this early because i think this year they had the autograph session as to whether he was paid for her wasn't paying for it. these kids are immediately
6:15 pm
susceptible. their names are out there. why shouldn't they earn what they do? director in hollywood before you became a big star. but i mean, you knew what it was like her for money so now the union is going to come around and say that hey, i can help you out. >> i think that that is the biggest problem. they don't understand. >> would've helped you out if someone got to money early on? >> now i know what a college education will bring to me at the end of the war years and the money that can be generated by me but i can earn on my own without the help of somebody else parading around to get money when i really didn't have it, and that is why i say that these exceptional athletes who are making money for the colleges. how about the coaches that we see contracts from, from the
6:16 pm
shoe companies. but the coach receives the money. and that is where the ncaa should step in. they have created this by not approaching it. you know, they make all the rules and that is how they run their program and now it's going to hurt them and now you're getting unions involved. >> really quickly on sanchez getting hugo. what do you make of that? >> it's becoming less of a soap opera and i think what happens to them is basically they got led down a path and you listen to the head coach. john now has reigns in this
6:17 pm
organization and they're going to build it and he's been around some good organizations. he's with tampa and he was with seattle. and that's the key. everyone is looking for these free agents and he's not buying them out. he's going to build this team has way through the small free agencies by learning mark sanchez go he has helped this on the side and some of them know something that i'm of us don't know. the other thing is if you have a running game, which the jets do have an offense of wine and a good running game, the woes of the quarterback go away very quickly like in the big games last year that they had, those went away because when you have that game and they don't know what you're going to do, the benefit of having a quarterback just make the throw is is a benefit. neil: the jets will never go
6:18 pm
anywhere. [applause] >> evidently are not a fan. [laughter] >> i believe that they will turn it around. and that they will have to build it. >> i think i know a little bit more about the jets commuter. >> enqueue very much. it's a pleasure and an honor. meanwhile, coming up. the malaysia plan is still missing and i talked to a lawyer who is already suing. i've always had to keep my eye on her...
6:20 pm
but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile, not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still gonna give me a heart attack. innovations that work for you. that's health in numbers. unitedhealthcare.
6:21 pm
6:22 pm
same haircut myself. and do you think i could pull this haircut off? you can use twitter to tell me if i would look handsome. imagine if everyone had a haircut like me. what is cooler than $2 million? how about $2 billion. getting kicked in the facebook after mark zuckerberg startup. and these are some of the original ground guys hang that they put in the first 2 million only to be kicked out when the 1 million are cached and all they got was this lousy t-shirt. early kick starters are going to the curb. but he said it's not the first time that we've seen this happen. a lot of these deals, the
6:23 pm
talented value in. the brain trust the guy you there. the original money guys that inspired this. they can always walk out the door. >> that, it's a buyer beware situation. a crystal-clear comparison when you start comparing the financial backers with the investors. they are actually not receiving any type of equity in the company. zero management and influence and they really have is say on these types of deals. so again, going down the line, this is what they should have expected area. neil: you and i have seen this happen time and again whether you want to give them management roles are not. i can understand some trepidation about that. i've known very few people who turn away money. and when you're talking billions are, i think the you could do a little to make everyone happy. i mean, you always get someone who will complain and one in london say we should've gotten
6:24 pm
more of this or that. but a lot more then the risk you are dealing with now. >> yes, depending on your level of the actual donation with a contribution, you could actually receive the product that they are talking about what a handwritten note from the inventor, for instance. and also you have to care about this as well. neil: i love you dearly. you're one of the finest financial mind that i know. but if i had a choice to invest my money orders sending a handwritten note, i mean, another to take the note. neil: i actually have handwritten notes are framed on my wall from you. [laughter] >> in a crowd from a type of deal, this is what is expected because there are rules. a company like that even with
6:25 pm
$2 billion, they are actually prohibited from cutting checks and sending them out. >> but this is at risk here. is melanie always get these creative and imaginative startups with this. and they can go. >> the crowd funding deal with this type of group that is coming into this, 9600 people contributed. $2.4 million to the field. and they weren't expecting anything. they were actually expecting something from community enhancements. that's what the common core as for most of these investors are no one was thinking this would be a 2 billion-dollar deal. neil: i'm sure they are better. >> yes, i'm sure they are. but it's a buyer beware situation. >> brilliant point. this is a word for the wise for
6:26 pm
those young kids that want to be billionaires. when he started something it's not promised. let me help you help yourself by giving her money first. meanwhile, harry reid's health care excuse. >> there are some people want my grandchildren who can handle everything so easily. and these people need a little bit of extra time. people are not educated in how to withstand it.
6:27 pm
n enlarged pros. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd.
6:28 pm
spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers.
6:29 pm
6:30 pm
everything so easily on the internet. and these people need a little bit of extra time. people are not educated as to how to use the internet. >> you're stupid, that is how it is treated but jim carrey recredit do anything. it is and because it is screwed up that because they are. they are and you are. so how did he put it? >> i was beginning to think it was you and all of your friends to take this seriously. for a moment i thought it was all that confusion about whether i was already enrolled and it turns out that my doctor said that i didn't. and i almost blamed you for saying that i could keep that when i couldn't or pay less when
6:31 pm
i ended up paying more for cutbacks working part-time when he said that really wouldn't have been any other time. now to help us challenge this and it's not that you aren't afraid bigger numbers won't add up. it just that you want to help us sign up. for a while there i was thinking they were full of something. it's not them, it's us. and they're here to help us. >> they said everything will work in a spent hundreds of millions to design some kind of package they have run out of
6:32 pm
excuses and other delays. >> and we are maybe we are going to create this false impression that there are people chomping at the vet to sign up under this law and they are just not ready to do so or they have a weighted to give them time under this system so that they can do so. >> we could never get an honest answer from the administration. without all these problems
6:33 pm
taking place. they knew in february of last year that this was going to be a disaster. the secretary told us that you learned that in march at a briefing and they continue to distort it. a friend of mine has a six-year-old who is talking to a professional baseball player and said if you have less basis could make more runs. so this is the same thing that they are doing. they are going to continue to push back the death line and offer the honor code system and change everything else. one thing that they have that won't move is that some of them start to pay for birth control and everything else they are going to move around. and if you can't do it, it's someone else's fault. neil: it is amazing. but it is what it is. i know you're handling these hearings next week with gm. regarding the submission problems and we are told 13 years later, what do you want to know and what you want to find out. >> so what i would like to hear
6:34 pm
from the general motors ceo or the administrator from the national highway traffic safety administration, telling us they have an administration and they didn't analyze it right. they have realized internal mistakes and here's what they are going to do to fix that. but i've had a lot of hearings and last year and so far no one has figured out that matter trick of honesty coming forth to tell us that they have miscommunicated and screwed up. and i suspect that there will be other finger-pointing and blame. but when it comes to this. sometimes it is incompetent as people didn't know what they were doing and that the corporate culture where people are afraid to pass information on and it's a statement of what is going on. those are the kind of things that we have a 10 year loan problem. gm knew about this. what the heck was going on. neil: a lot of this would was really becoming prominent within the company. around 2007 or 2008 and around
6:35 pm
which time gm was in a world of hurt and had to be ultimately bailed out. you think it is audible that much of this was withheld so as not to risk that bailout? >> in fact recognizing that would shield the company from any of the litigation issues that are rising now. >> it's a very legitimate question and an important question about. could they still get their bailout and when they did, does it show them the ability to get out. i suspect that they say if only we had more money and if only they we made this bigger. perhaps we could figure this out. but in every case more finger-pointing and they say that we are not going to tolerate it. i understand it they say what is the problem with the system. many more people fear it.
6:36 pm
we will see what kind of honesty we can get outlook sides. neil: congressman, good to see you. >> always good to see you. neil: coming up next, many of you saying this is just plain old dumb. and it appeared too early to me to be filing anything. >> we agree that we are ready to perform in a court of law. >> without much information, why are you in such a rush? with my friends, we'll do almost anything.
6:37 pm
out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a lot of things going on in my life and the last thing i want to be thinking about is my dentures. [ charlie ] try zinc free super poligrip.
6:39 pm
6:40 pm
she is suing boeing and malaysian airlines over this whole missing plane thing here. the plane, no evidence, no clear proof of what went wrong or who made it go wrong. so listen. >> why are you in such a rush? >> because we do not want the evidence to disappear. neil: but you need the evidence they need the plane and you need something that can give you some currency in. >> as i told you the war, i do not need this plane that crashed. >> but the other models, they have not crashed and this one did, presumably. so you're basing it on innuendo and suspicion that the house. >> at all of the models have the same defect. >> okay. all right. anyway, that was incredible to
6:41 pm
those that if i was rude to her. but who knew that these could fly because this one had me tearing my hair out. eventually we will get to the bottom of this whole thing. i really believe that. we will find out whether it was a catastrophic event or a problem with the plane. but i have faith in divine providence to ultimately yield divine closer to all of this. and not for all of these poor families, but sad for lawyers who then and only then can pounce. it's too early for this woman to be suing anyone on behalf of anyone. ashley brooks is actually a good idea to try to get out in front of that. your view is the one that is ridiculous today and i love you dearly. but i cannot see the wisdom and filing a lawsuit when you don't know what the heck happened. >> that could be why they are
6:42 pm
following this lawsuit. they don't have the answers now no one is answering these questions to them. so they are saying that we are taking this earthly. we are going to do in a court of law and you're going to have to answer for it. and you're actually going to have to respond what we are saying. >> honestly the whole world has been entranced by this. so it's not as if people are trying to get answers. >> yes, people are trying to get answers, but this is another mechanism. so these families feel powerless. >> what do you think of this? is as a way of forcing information it may not be out there and this gets the issue front and center? >> so it begins. yes, i think that the excuse i don't think that any of us are surprised that the attorneys are fleeing from malaysia and china. forty-eight hours at the point when the malaysian authorities came out and sadly said that they believe that the plane crashed, they believe that everyone on that plane died in these attorneys are running out there trying to sign up client and i get that the family is in
6:43 pm
pain and they want answers. but it's just way too soon and as you said earlier, we don't even know what happened yet. we don't know if the plane crash, how crashed, why it crashed. so i think that we really need to just take it step-by-step. >> let's say that you sue to get this type of information. one other company comes back. whether it is malaysian airlines are going to news update. if you have been following the news, could you wait until we get some answers and then what do you is a very good lawyer do? >> there's a couple things we can do at that point. you can dismiss it and then refile it later or you can press ahead and asked the judge for a stay. but i would think i would want the discovery. so i would keep forcing lawsuit heads that they have to give some type of answer even if the answer is we don't know. at least they're giving answers. >> we are pressed for time, but honestly the lawyers on. ladies, thank you both very
6:44 pm
much. in the meantime, bernie says that you sure couldn't do it now. >> that we started this in 1978, we could never ever achieve what we did. we couldn't do it. >> way to hear the truth. they are trying to do just what he did and is being taken for a ride. and i mean really taken for a ride. more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expression of mercedes-benz. introducing the 2014 s-class. the best or nothing.
6:47 pm
6:48 pm
american company. they are saying that apple clampdown in response to u.s. sanctions threaten or otherwise and like me they are very smart. so is this russia pushing back? >> i think for both reasons, there's insecurity and concerns as well as payback concerns. he said i don't like the way that the nsa is using social media and the president is talking to this thing that they don't rely on russia and gas. why should they not trade with them. it makes sense to me. >> well, they asked for their own detriment. we've had tremendous value. what kind of technological innovation comes out of russia. when you look at the per capita gdp.
6:49 pm
and it is 14,000 in russia. >> could we have to get a ride with? >> but don't forget that they are teaming up with china. it's not about russia's gdp. but it's this alliance with china as well. the one okay, so jonathan, what do you think? is this going to be a tit-for-tat on this? not going to use this or that? >> trade is mutually beneficial. if russia wants to keep going down this old soviet path, they are going to end up like old soviet union despite all of that oil and natural gas it is literally going to not only see its own cynicism. i think that they will continue to understand that the lower
6:50 pm
that their stock market goes. >> i agree with jonathan. neil: that is their right there. but there's that and it's like you would want to go there right now? who would want to spend those dollars, and that is honestly part of the economy as well. >> an issue to regulations. >> government regulations are often used not to protect the public but established business models to prevent competitors from coming out. >> and many say that this is the next big thing because it gets in the way of government and commissions and cities. >> they could be a huge deal. if government would only get out
6:51 pm
of the way. if anyone has ever use the service is likely, it is a tremendous benefit. it's better quality service. it's a lower price. and the tremendously beats the government installed taxi monopolies which has really made it not only expensive but just untenable in a lot of cities. holding the government can get out of the way what is threatening the enterprise altogether. >> we remind you of the established schools. >> i have to disagree here. i think that we absolutely have to look at regulations in this country. i am totally in favor of the legislation by senator marco rubio. but according to a lot of people he doubts his people. they have a process called search pricing. and it was showed up and on time. but then then rush hour happened
6:52 pm
in holidays happen and it is backed up their prices. >> and that is the whole beauty of the service. in that it encourages more people to come out. neil: okay, actually they just stole his seat. [applause] >> actually he stole my feet. neil: you're the one still here. [laughter] that they reach competition with whatever problems they are having. >> supply and demand. but like you're coming into an industry that is already highly regulated the you are arguing to take the regulations out of one particular transportation company. in that respect it gives them an unfair advantage. my original point that i think that you need overall regulation overhaul so that overall overhauled. >> okay.
6:53 pm
6:54 pm
6:55 pm
we need advanced technology. that means hi-tech jobs in california and colorado. the oil moves through one of the world's largest pipelines. maintaining it means manufacturing jobs in the midwest. then we transport it with 4 state-of-the-art, double-hull tankers. some of the safest, most advanced ships in the world: built in san diego with a $1 billion investment. across the united states, bp supports more than a quarter million jobs. and no energy company invests more in the u.s. than bp. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile, not random statistics. they even reward me for addressing my health risks.
6:56 pm
so i'm doing fine... but she's still gonna give me a heart attack. innovations that work for you. that's health in numbers. unitedhealthcare. neil: the most exciting three minutes, give or take, in broadcasting. to prove what a big deal it is, just a few of these e-mails announced that they have changed a lot of folks lives. saying what is the deal with my old life. i can't even remember what i was doing before i finally heard an anchor not only solicit views are part of a new one when he was at it. because some reason the camera adds 50 pounds. so what is the deal with you saying you should tell those who don't like you to watch another channel. from what i've been reading you
6:57 pm
have all the viewers you can get. it's quality not quantity. and speaking of those, why don't you join them. i love this segment of yours, it shows a whole new side of you. and do you have a death wish? now, but why are you asking? financing in scottsdale, arizona. one here, good to know. saying that i read somewhere that you take strong drugs for ms. and if so, i am sorry. but it is fun to watch the effect that they have on you every night. neil: well, there is now. things are watching this the same. and alicia in san diego. hello, i'm in san diego and every year ron burgundy but celebrated. the you make him look silly. neil: alicia, i'm in new york. you ever hear of changing the channel? and onto facebook were a lot of you have had it with.
6:58 pm
read. green writes, what planet does he live on? and this from michelle. he needs to get a grip and take responsibility for the childlike behavior. high school students can be more responsible than these politicians. and democrats said ronald reagan was senile. i've been seen better heads on cabbage. and now gettingcabbage. and now getting on to talk about louis lerner and her e-mails. saying that if she talked about this with the federal computer, it belongs to the federal government. those are not hers to withhold so why do we need the irs to give us this e-mail? the nsa has all her data at the drop of a hat. and now it's hard to get e-mail. you know, that it's actually be funny and pretty profounder think of it. maybe we can do that.
6:59 pm
we can make it a pay-per-view death match thing. man, oh, man. and another one saying watching your show should be part of the constitution. we are working on just that. thank you very much. and this. we love your wit. and we love you for loving our way. and you're a star in our home. if only i were in mine. and finally, one of the best. the system name. and i love it. >> you had a choice. near the dog. you couldn't wait to take care of the dog so i'm very sorry to hear about that and hope he gets cleaned up better.
7:00 pm
but that sounds not good to me. so what can i do. one of you at a time. ♪ ♪ lou: good evening, everybody. a brand-new pentagon intelligence estimate tonight. an estimate that concludes a russian invasion of the ukraine eastern region that is now more likely than ever. a senior pentagon official saying that the thinking of the u.s. government is that the likelihood of a major russian incursion into the ukraine has increased in nato supreme allied commander for
78 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on