tv Lou Dobbs Tonight FOX Business April 5, 2014 4:00am-5:01am EDT
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exhilarating experience. so those are the kind of viewers that i like. [laughter] keep it up and have a great weekend. we will see you next week. ♪ ♪ >> good evening, everyone. i am sandra smith in for lou dobbs. the labor department releasing the monthly jobs report that paints a mixed picture of the american labor department. the economy added jobs last month, an improvement over last month where severe weather was about to impact job gains negatively. despite the positive gains in the job market committee on employment rate, 200,000 jobs were added for the month of
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march. and there are major weaknesses in the labor market. numbers that could spell trouble for the president and his party in this year's midterm congressional elections as they struggle to hold onto the. chief white house correspondent ed henry is at the white house tonight with a deeper look at those numbers and how the white house democrats are looking to spend the positive reports in her favor. >> more trouble for president obama if he tries to keep control of the senate by shifting focus from health care to the economy. he can count 49th consecutive month of private-sector job growth. millennial on employment is now more than double the national average and top democrats are still blaming the bush administration for slow recovery. >> i think that 190,000 jobs is
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a good reporter. we have two want more. but today we have replaced all of the jobs lost that this took us into. it has taken us this long to build back from that. reporter: she was referring to the fact that a .9 private sector jobs have been created since 2010. countering the 8.8 million jobs lost during the recession. yet the real unemployment rate, when you after in people who have given up looking who cannot find a job is staggering number of. >> things are not getting better and it looks like as long as we continue to stagnate here, democrats may be waiting for a life preserver. >> obamacare is here to stay. and if you thought getting into
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the program is hard, try getting [laughter] >> it will not be the defining issue of the 2014 elections. instead it's going to be jobs, good paying jobs and the decline of middle-class income. >> we think that the jobs report was pretty encouraging in terms of what it said about the economy. we continue to believe that there's a lot of work to strengthen our economy are. >> the government is planning to do it we three economic events. sandra: fox news chief white house correspondent.
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it's henry journal. sandra: high frequency trading is being investigated. >> using advanced algorithms and other data, determining whether it violates insider trading laws sandra: cbs 60 minutes aired an interview featuring author michael lewis who claims the stock market is rigged by accommodation of stock exchanges and wall street banks and high frequency trading. on wall street, investors ignoring the march jobs report. it was all about a huge selloff in internet and technology stocks. that pulled the broader market
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lower. the s&p fell 24. the nasdaq 110 points. representing a paper loss of $25 billion. in this performance for the week. the dow jones up half a percent. and crude oil getting 85 cents, closing at done in triple digits at $101. gold hitting $19, ending about $1303. the tender falling to two-point 73%. and a bright spot. the grub hub ipo. shares of the online food company finishing at 34, a 31% jump from the $26 debut today. and look for the march employmeet report. moody's capital markets chief economist john lonski. and your joining us tonight.
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>> thank you. sandra: what you make of this jobs report? >> i think it's in line with expectations. indicating we had a subpar recovery. we have to remember that according to this report wage and salary income overall. the broadest measure of wages and salary is growing only between three and a half in or% year-over-year. previous recoveries, that growth rate is five to 6%. wages and salaries are growing 3.5 to 4% and chances are that retail sales can't afford to do any better than this tells me that this will very much remain the dulles economic recovery since the second world war. sandra: some who might defend "newsweek" job numbers that we've gotten over the past few months, january and february were revised higher. we had a very frigid winter. cool temperatures, snow across the country. are you optimistic? smack the weather to improve in
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march. and i thought of anything we were going to have an upside surprise on employment in the month of march. i would've been looking for 2000 jobs, excuse me, 200,000 jobs instead of the 192,000 be one where would it have to be pressed have a robust economic recovery? >> 300,000 jobs per month. this recovery is almost five years old area never before has a recovery approached its fifth anniversary. it's a very broad measure of underemployment, 12.7%. we have never seen the labor market so weak.
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sandra: business serves as a 50,000 for the month. health care of 19,000. construction of 19,000. >> something of a retailing, talking about health care, not necessarily high-paying jobs, hospitality and restaurant. what we have found is kind of interesting. year-to-year jobs are up by 1.7%. we have been looking at real consumer spending growth and income growth of at least 3%. right now those growth rates are 2% and that tells you that jobs
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being created are not of the same quality as they were during previous recovery. we are making progress, that is to demonstrate that the not so good news is that the labor market is still underperforming in terms of jobs growth and unemployment and income growth compared to previous recoveries. sandra: hitting on high frequency trading. we saw michael lewis in his book he was telling us all over. he was all over the media this week. he's been off on 60 minutes calling the stock rocket rigged according to his findings. >> for the average american, this doesn't mean much at all. if the market is great, how does the market also sharply in
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2,082,009? i guess it's rigged in a sense where there are a set of people that can benefit from some sort of manipulation before the average american or financial markets at large in the economy. sandra: there are open investigations now. using the funding will be that there will be illegal practices going on for nearly some folks have an advantage? >> perhaps the latter. and it's one of those things, you have to be very careful with your words. i'm sure michael lewis may be looking back and they got a lot of attention this week, that is for sure. >> that is right. sandra: john lonski, thank you so much for joining us on this friday night. >> my pleasure. sandra: the white house slamming samsung over viraal selfies. >> the white house objects in
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this case. sandra: samsung has an endorsement deal tweeted the photo to its more than 5 million followers with a note that the image was taken with the galaxy note three. he has admitted that he had to deal with the company, but the self photo was relatively spontaneous. america's heroes gunned down in cold blood out for her. this major general tells us why soldiers should not be armed on base coming up
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journalist killed and eight reporter wounded. ththey were traveling with election workers in profits ahead of tomorrow's presidential election. and an army commander has just announced that he believes an argument with a direct precipitating factor leading to wednesday's shooting at fort hood has been found. investigators say mental health conditions played a role. ivan lopez killed three people and injured its team. ten of the 16 people wounded have now been released from the hospital. robert scales, a retired general, is with us. thank you for joining us. sandra: where do you fall as far as whether or not we should be
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allowing men and women on these military aces to carry their own weapons? >> must be very clear. the safest environment is on army bases despite this recent tragedy. and the second leading cause of soldier suicide, which is all too high in and the army is from handguns. so the idea of putting a handgun in the hands of young soldiers is a bad idea and here's another fact. fewer than 5% of american soldiers are trained to use a handgun. some have suggested that during times of high alert ncos my
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carry a handgun to prevent circumstances like that and frankly i am in favor of that. but the idea of creating ths is a bad idea. >> one was shot fatally. what can we expect as president karzai leaves office? >> away, what a mess. i hope that this administration will keep soldiers around the least another couple of years because the great danger that we have seen the last couple of days is that we pull out too quickly he just doesn't have the political product to hold this government together.
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sandra: he has been refusing for months not to sign this agreement. the deadline is december of this year. what you see happening with that? >> i think that it's touch and go. i just hope that for his own good he wakes up one morning and understand the significant. because we are not staying without some guarantees for perfection in our country and i will tell you that even a small force, it will go a long way to ensure stability in our country. sandra: moving on to recent comments by the secretary of state john kerry. he actually made these comments today, saying that it's time for reality checks. concerning the middle east peace talks. suggesting that it's now time to pull back from this.
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if you toughening of his stance here? >> no, i think he's doing the right thing. there is a limit to how much talking we can do and how much influence the united states has in the region. this has been a long and festering problem for decades. sometimes over involvement and overtopping and sticking america's nose in the business of the palestinians and the israelis, at the end of the day can cause more harm than good. so i think he's doing the right thing. let's back off, let wreathed into the back toribio and get back to these talks sometime after all of this has calmed down. sandra: general, i want to get your take on this. you continue to be a big supporter of theirs. listen to these comments by president george bush. >> he is a person who in many ways views the u.s. as an enemy. although he wouldn't say that. i felt he viewed the world as an
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enemy. >> what is your reaction? >> amen. i don't think there's a question to what he's trying to do over the long term to restore them to the imperial glory and he's doing it by threatening use of force. but the problem is that there is no approach by the united states. he is 100% convinced that if he acts badly the united states will not even threatening use of military force. and if you ask a man on the street what he thinks of soviet military power he will say it's not impressive. we are just not using the military instrument to the degree that we shared. sandra: we are honored to speak with you.
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thank you. sandra: we ask of military members be permitted to carry firearms while on u.s. bases? 87% of yes. 13% said no. be sure to vote in tonight's poll. do you think the economy is headed in the right direction? cast your vote at loudobbs.com. and forget politics. former president george w. bush speaking now, unveiling his oil paintings of 24 world leaders including the dalai lama and vladimir putin. the paintings are part of his very first art exhibit at the bush presidential library in dallas. stay with us, we will be right back. sandra: ellery wants to work
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sandra: the obama administration announcing that 3 million americans in obamacare brings the number of people total web sign-up for public or private health coverage under the health care law to 10 million. we still don't know how many of those people have paid. until people pay, they don't actually have coverage. in a rare plea for bipartisanship from former secretary of state hillary clinton as she gears up for now and her intentions to run for president in 2016. the former first lady taking what some consider a swipe at president obama in his speech last night. political correspondent karl cameron has our report. >> and her most wide-ranging remark since stepping down as secretary of state, hillary clinton tried to rise above the partisanship and dysfunctionality, she says, by
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slamming it current practitioners. >> it's a moral issue in a political issue. and i want to get back to evidence-based decision-making. there's too much that has gone on. [applause] too much has gone on in our politics recently that is just pure ideology and partisanship portmanteau may seem hypocritical as someone who is suddenly denouncing ideological partisanship. she's also at odds with the president's daily trashing. this came after his family's comments. he clearly mocked the opposition to obamacare. >> tall tales that have been
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told show that there are still no facet armageddon has arrived. >> the affordable care act is going forward? during her husband's presidency she railed against the policy for personal destruction. her democratic primary fight was described as one of the nastiest in recent memories. and last night she accused the media of bias coverage against women. >> their double standard is alive and well in many respects media is the principal propagator of the persistence format and it seems like pandering, it probably is. but no more so than conservatives.
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still, clinton is a former and very likely future practitioner who is saying that it really ought to be stopped right now. sandra: thank you. karl cameron. you ever wonder why congress has a lowly 50% approval rating? listen to this congressman jim moran. >> i think people should know that the members of congress are underpaid. i understand that it's widely felt that they underperform. the fact is that if the board of directors for the largest economic situation in the world and a lot can't even afford to live decently. sandra: $174,000 per year.
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congressmen and senators doubled some pretty hectic schedules, which is probably why this happened to senator dan coats on wednesday. >> i just wanted to talk about this. >> i've got the right room number, but the wrong hearing. >> this is the first time this has ever happened to me. but i hope it's not a precursor of what's to come. >> you're always welcome in our committee. >> i saw some familiar is. >> letting you off the hook in this one. >> to senator blasted off, tweeting that he had bought the russians were messing with his schedule. we will be right back. the greatest innovators, entrepreneurs, and leaders of the nation overcame failure on the path to success. the author sarah lewis reveals
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life an everyday miracle of survival today the future of all life on earth hangs in the balance what happens next depends on us ♪ well you done done me and you bet i felt it ♪ i tried to be chill but you're so hot that i melted ♪ i fell right through the cracks ♪ now i'm trying to get back ♪ before the cool done run out i'll be giving it my bestest ♪ and nothing's going to stop me but divine intervention ♪ i reckon it's again my turn ♪ to win some or learn some ♪ but i won't hesitate no more, no more ♪ it cannot wait, i'm yours ♪ open up your mind and see like me ♪ open up your plans and damn you're free
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the one a government document revealing the state department has no idea what happened at $6 billion used to pay contractors. that money was misplaced, lost, taken, or stolen during the past six years. we are hearing about it now because the state department now has a job that was previously vacant for five years. the longest inspector general vacancy in the federal government history. joining me now on a hot topic is the "a-team." thank you all for joining us. >> thank you for having us.
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sandra: what do you make of the, is lost and stolen funds? >> we don't really know what happened to the money. my guess is that it's some sort of an administrative snafu. but the basic question that it raises, the larger issue is how will hillary clinton be able to respond to the range of questions that she will do as an unlikely presidential candidate about her overall it is ration of the state department? and i a that i am a democrat, i worked for the clintons and the current circumstances she is the front runner. >> how will she respond about? >> i have no idea. it's a lot of money and people have asked a lot of questions. she is going to run as it significantly to this is something people have asked very carefully about.
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sandra: is hillary clinton trying to soften her image a little bit here? >> just my think she is. but i think that in her heart she is a liberal. she clearly has supported left-wing causes drought her career. she was with one of the most radical law firms back in the day. so when you look at her, she is trying to push forward, saying that we are marching backwards, we shouldn't be purely partisan. but when you look at her record she is clearly part of one of the most partisan and liberal administrations, being the obama administration. so it will be interesting to see if she will be able to moderate and become a modern and her image. sandra: clinton denounced your ideology and partisanship. she said there is the need for compromise. some might see that there is a little bit of irony hearing this
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from hillary clinton. >> in 1995 or 1996 she said it takes a village and i can tell you as someone who is probably part of the bill clinton team, we emphasized bipartisanship and it worked well for us and i and that she is emitted to it. >> moving on to the subject of congressional pay. james moran said he thinks the american people should know that members of congress are underpaid by the way they make $174,000 on average per year. >> i've dealt with this for a long time. the vast majority are taking a pay increase. any of them who don't can go back home. it's not a lifetime job and it shouldn't be a lifetime job. it is a privilege to serve. so he wants to retire and
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publisher, that is what most of his constituents do if they have that kind of money. statement $174,000 per year. if that's not enough in a. >> the cost of living is expensive in washington. but my good friend, ed rawlins committee is undeniably right. it's a privilege serve. jim moran lives in the washington dc area and he has to maintain it. i just think that politicians should worry about delivering for their constituents. sandra: okay, bringing in the obama economy. we have the jobs report today. it was at this event. the jobs growth in march forecasting well below, as we have heard from john lonski earlier in the show. well below what he thought was needed for a robust economic recovery in the united states. how does this look heading to
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the midterm elections this fall? >> i think that it hurts president obama and the democrats. he clearly does not have a plan for economic growth. talking about raising the minimum wage, for example, that is what cost hundreds of thousands of jobs clearly not a robust recovery. at rawlins can talk about reagan's time but she key growth of 8%. he chose the path of economic recovery and now work. unfortunately, president obama has not been able to do that and i think it will be very reflect to come the election. >> i think whatever the projections were, we are at a point where we are going to have six and a half, 7% unemployment for a least a couple more years and the only stimulus going on is what the federal reserve is doing. sort of moving sideways.
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citing congress is not going to do anything to stimulate the economy. they can't spend money they don't have, which is a good thing. so my sons is we are moving sideways and probably are going to be here for a while. one of the big problems is the corporations. >> was ernie's or warnings not? >> i don't think so. everyone has been trying to assume that the economy is recovering. we are getting tepid growth at best. the stock market today is a reminder of what could be coming. sandra: i want to say thank you to all of you. thank you guys enough thank you. sandra: a reminder to vote in tonight's online poll. do you think the economy is heading in the right direction? cast your vote at loudobbs.com
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or sunday tweet at lou dobbs news. and an ocean as large as lake superior below a thick layer of ice on one of saturn's smallest moons. that means that it could have been able to sit they might. and a chunk of meteorites flying past in mid air as plummeting to earth. this incident was captured on video. the first ever video of a meteorite falling to earth. and wall street today. and good news for the economy. taking money out of this
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sandra: stocks taking a nosedive as biotech shares spread to the broader market. joining me now is the executive vice president for investments at world management. thank you joining us tonight. we started off with record highs in the market turned around and sold off pretty good. >> i think that that is something that has caught fire. but no real headlines have caused a selloff. so i think that you probably have some reluctant buyers here
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waiting for a clear signal enables the of this with more value oriented stocks. >> you can see where we started the day and that was after we got a government jobs report that was considered a disappointment. >> is just really don't look good with the economy now 20 sopping fella. >> below consensus numbers and some of these numbers that went even higher, most of that was around 225,000 jobs increase in what we got was 192. but probably less than what people were expecting.
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and maybe the effects of winter might have been a little bit more impact. >> you know, a lot of big restaurant chains, international, u.s. based companies have been pinning profit hopes on expansion overseas, whether it is in china, india, europe began to weaken. and all of a sudden we are starting the money go back into an emerging market. what is the future? >> obviously the economic environment in europe is improving. this includes supporting economic growth and was asked at a higher level. you can see some money while in europe because investors have been underway there for some time. and finger fell off to create
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some opportunities. so europe will be the focus and i think investors should look at that opportunity i might get a little bit better versus what we saw in u.s. markets, some rotation into europe and the emerging market in this environment. sandra: when you talk about investor, are you confident? we have seen some light trading volumes. sixty minutes say the market is rigged. is there a hesitancy on the part of the investor to get in the stock market right now? >> there is a certain extent. basically from the fact that they had been out of this market, on his way up 32% this year, the question is one of icann in, which is always a difficult question to answer. but there's no doubt that the economy is improving.
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we will probably see close to 3% growth. not perfect, but better than what we have seen. and there have always been questions around whether the market is rigged or not. i don't think that is particularly new news. but there is opportunities for investors here. we did a survey of small and medium businesses. and the optimism is picking up. from that standpoint, maybe not from an investment standpoint, but they certainly feel that orders are picking up and it's certainly good news as we go forward. sandra: we have to leave it there, but if i describe this as cautiously optimistic, without the acura? >> it would be. i think the trend is upward but we will probably be in this transition as we go from an economy that has been supported by the fed to one that will be supported by fundamentals. that will probably be a little bit of a bumpy ride as we go forward. sandra: jim, thank you so much for joining us tonight. >> thank you.
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sandra: time for a few of your top comments. u.s. labor is moving out of the u.s. not because of labor costs, but because of government in taxes. in another tweet, i remember when union made in quality. and more about salary complaints. how sad is this, because all of the problems and now they want more money. we'd love to hear from you. send us an e-mail at loudobbs.com. follow us or google or facebook page. links to everything i found at loudobbs.com. and we are giving away free copies of the new book upheaval to the e-mails and facebook post that we read each and every night. coming up next, the new book the rise. how some of the world greatest discoveries and inventions and
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has come from the unlikely foundation. >> give me an example. >> a historic example signal lawrence invented the telegraph after spending 26 years as a painter then turn to the bars into the telegraph and self. what he gained helped him to persevere to find a patent and when that is one of the main traits that comes out is grit. >> you have quite the background you have a fascinating background with lots of experience what inspired you to write this book? >> when i failed i fail that failing. i realized if i could not master this it could unravel any other success that i had. it is what we are not taught you have to learn your own. but irreplacele guests come from what you learn in
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that experience. sandra: i was reading your book earlier the power of surrender the critical role playing in its tv innovation in the importance of grit with creative practice. it makes me think of athleticism. i of an athlete's so give me an example of an athlete that failed then went on and 7:00 at the olympics with the silver medalist how they feel compared to the bronze medalist they feel more like failures. sometimes like jackie joyner-kersee have achievements come from the almost win in 1984 she lost by one-third of one second that gave her the tenacity to create the world record in nobody has beaten cents. sandra: you reference the kennedy family how leaders handle pain is something that is rarely discussed but you had a specific example
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with the kennedy. >> when robert kennedy was grieving the loss of his brother jfk his daughter found that by embracing the experience letting himself feel if he was able to be more of an extraordinary leader because of the above the allowed him to have for a similar circumstance. the idea with detents against paine it increases said as opposed to when it is just allowed to be with those resources to redirect the path. sandra: is a fascinating story in an idea called "the rise" from sarah lewis and makes us think of us as children. we have to crawl before we can walk. that is it for the dog stood by. catch me each morning not:00 a.m. eastern opening bell
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gerri: hello, everybody, i'm gerri willis. right now on "the willis report," calls to poison centers surge over e-cigarettes, children's specially at risk. also backlash as two prominent sports broadcasters say men taking paternity leave are wimps. >> i don't know why you need three days off, i'm going to be honest. gerri: who is right? we'll debate. google's company nest stopping sales of fire alarm because it. we're watching out for you on "the willis report." we're starting with critical information you need to know, especially in light of the gm recalls. new report by carfax says, a thir
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