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tv   Cavuto  FOX Business  April 10, 2014 11:00pm-12:01am EDT

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tomorrow. neil: here is what happens when you keep letting the people down, they stop believing your numbers add up, president damning statostocs that just seem more and more like damn lies, welcome i am neil cavuto. fool me once, shame on you, fool me twice, shame on me, fool me a hundred times, well shame on all of us. that is where we stand with this white house right now. we have a hard time believing going coming out of this white house right now. we conclude that any number out
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of pennsylvania avenue is a bust. you can blame us? administration out thes 7.1 million new health care enrolls, they points to 2 million illegals deported, we discover they were rounded up at the border, and others caught, recaught, caught again, a dozen or more times, then they are counted into that figure, million of solar and wind new energy jobs that turned out to be more like hundreds. like all of the time, every month, every stat, same story, people are not buying it they are getting sick of it, which is why tv network stopped at every obama request to offer another primetime obama speech, they heard that speech before, same speech same story, not there
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time, people are not tuning in they are tuning out. they believe everything you say, then they stop believing everything you say, that used to buy every statostoc you gave them then they stopped. because a very little digging they doing cover, maybe you are lying, what is sad now with little digging they don't seem much to care, they just think you are lying, i'm talking about a crisis of confidence, we as a nation of doubters have taken it to become a nation of nonbelievers. that is not good. cato president, john elson said, not america either. that is where we were, maddi, people saying they don't buy it.
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a lot of people said been there, done that heard that. >> you know, i think that is the important points. when you look at conservatives who are skeb spectical of what government can to, this makes sense coming from you or more, but the progressive base is starting to doubt what the president is saying, that could could damning long-term for democrat party, these guys require a base that believes they can deliver on promises of bigger government, more services planned programs. it seems that president is intent on making sure it does not come true. neil: it is hard to win trust back. i am, john, because i'm old enough with richard nixon, his most die hard supporters suspected once one lie of revealed than another would follow suit. they stopped believing him, he
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never did get it back. >> i don't think you can win trust back with a series of what is obvious mised in. misinformation with an agenda attached. i almost never agree with president obama's policys that degrades of presidential leadership is not a good thing for the future of america. neil: let's say he lost that trust, maddi, play up the next couple of years it will be tough, he is still the president, for whatever reason, americans by and large, have given up trusting what he says. >> well, it has been a slow slog for the media and his base, to catch on, this is what the president is doing, 16 days into president's first term, that is all it took for him to break his firm pledge he made again and again on the campaign trail he would never raise taxes on anyone making under $250,000.
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that was his premier campaign promise, this is not something new, this is not an be on aboarding a of the second term, his mo is not going to change. but the thing to watch is what happens with the senate in 2014, this is a very important elect if republicans can take back that chamber they will be at helm of policy for next two years, and president will have to stand up, and stand by his policies, he will note be able to pass them through house or senate. neil: i think it is incompany incumbent upon republicans to not just be the na-na-na party. it is equal pressure on them is it not?
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i agree, a tragedy that republicans are not willing to stand on principle, for issues they used in their own election goals that is bad for america too. there is a lack of political leadership in this country that is not healthy for long-term well being, going back to president obama this is a serious issue internationally, united states has been the global leader, part of that is confidence in what we say it true from our leaders we lost confidence on an international perspective we've been doing the same thing, drawing red lines, we didn't mean it people knew we did note mean it. that is not good from a world perspective. neil: i agree. trust is everything. you break it, it is hard to win it back, thank you very much. >> am canning up -- coming up, have you seen this image? it just means bad news. they call it hart bleed a --
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heart neeheartbleed, the nationo listen up to what is about to go down. >> ceo led charge to out a traditional marriage proponent, now guilty of the same so-called crime, find out where the okay cupid ceo is apologizeing and our free speech experts are crying. first a house panel holding lois lerner in contempt. is her reaction what is really contemptous? when folks in the lower 48 think about what they get from alaska,
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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 energcompany invests more in the u.s. than bp.
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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. neil: house panel, contempt of congress today but if lois lerner is getting scared you would not know it from anything she said, she has not said anything,er in has, and i suspect never the, that is not -- has anything to say about it, wisconsin republican woman who is among those who voteed to held lerner in contempt.
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joining congressman, attorney for law, representing over 40 groups suing irs, congresswoman, that is my fear that lerner will say i'm working with the irs in this investigation, you in congress just take a chill pill. >> sh she did already conduct an interview with the justice department. that the dc district means she waiveed her rights to stay silent, and we expect we should have an opportunity to hear from her. neil: what do you think? he has spokeen to them? the cat is out of the bag. >> for now it looks like it, it two ways one try to move forward with actual civil contempt to subpoena the information. neil: criminal is going nowhere? >> that is up to the department of justice, it is not going to
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happen there has been no progress with the actual criminal investigation of the matter. now they are not going after necessarily some person. but she is different from eric holder, she has to defend this herself. the do dom committee today they voteed to holder in in contempt they could still come back and make a deal, and have her testify, this does not stop those discussions. it does move the ball forward it helps our civil case it puts pressure on lois lerner. neil: the issue yearl ear, why did it take so long to get this committee, and committee yesterday to take this action almost a year after miss lerner pled the fifth? were you working on a deal? did it fall through? >> we were working on it we've interviewed multiple witnesses we. we have viewed her e-mail uwe
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know after she said i broke no laws, i have done nothing wrong, shshe had. because her own e-mails bear went to the false -- bear witness to the falsehoods she told the committee, it was time to address the issue of contempt. neil: you said you were working on a immunity deal from miss lerner, people around her, that fell through or what? >> i said, that we were interviewing people, reviewing her e-mails whether or not there was a discussion about her receiveing immunity even i don't know. neil: i see. bottom line, i am no lawyer, but i can kind of see where this is going, she is not going to talk unless compeled to talk. >> some way or another. neil: with adieu respect -- all
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due respect, they are to move the wall, then what? >> i applaud congress for the base move. the the reason she was held in contempt, if you take the fifth, will i be held in contempt? that is not the case, she ahead multiple statements about how she was not guilty, she had not told committee anything wrong eyesterday's respect showed there were statements that were misleading ishii made statements about her guilt or confidence, then said now i'm not going to answer. neil: you represent 40-something odd people, have any of them been sought out by this investigators, looking into this. >> a handful of fbi tried to schedule interviews with. we have submited this question whack back we heard there is no criminal investigation, why do we have our clients sit down with fbi. neil: none talk? >> no response on that question, on is there a criminal
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investigation. neil: that puts it back in your lap. me thinks this is not a real investigation, and despite your best efforts, she is not going to testify, where does this go? >> neil, the american people need to be protected in this matter, we used to consider the irs an agency that would go after the gang sters and -- thugs, now they are the perpetrator, we need to protect the integrity of the irs in the eyes of the american people, if we do nothing because maybe oh, it won't go anywhere, we're sherking our duty, the american people lost confidence, in an important agency the power to tax really is the power to destroy. the american people know that, if this agency can destroy people's lives with incomputer -- imputety then hide behind
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constitutional rights that irs is denying on the american people, then bad on us if we do nothing. neil: i didn't say that thank you both very much. >> thank you. neil: here is why they call paul ryan's began granny killer, do you see this budget spending line, he wants to increase spending a little bit less than president. they are both stepbding like -- spending like drunken sailors, but ryan is in less trouble because he is a little less drunk. ♪ ♪ [ male announcer ] you're watching one of the biggest financial services cpanies in the country at work. hey. thanks for coming over. hey. [ male annouer ] how did it come to be? yours?
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>> we talk about jobs but seeing
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it through the prism of what the ryan budget does, not a path tos froprosperity it is a road to recession. neil: that is what being brave gets you in washington even just a little bit brave, because you want to spend moreover 10 years just not much, much more. it is true. the congresswoman's comments after the house passed the paul ryan budget today, but paul ryan is not cutting anything in his 10 year budget plan, he is just holding down increases to a little less than president's they are both spending more, paul is spending less more. more or less? weird but keep up with me. that is the way washington works, to den i -- den dennis
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kucinich, he is recognizing the eelephant in his room, which ges this which makes me think that fewer will be brave. >> i think that we need to look at ryan budget in terms of priority its would change. he is setting goals, they know knowvolve cutting health care, privateizes medicare, it would degrees gross domestic product about 2.5%, could cost the country 3 million jobs. neil: why would he propose something that he knew would cost 3 million jobs? >> i think this is a campaign document. more than anything. he is -- >> but what does he get out of it? if it comes out he is killing granny and a medicare masher. >> i prefer talk about what is happening. cutting money for health care,
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and food stamps, college students today who are hungry. >> one out of five americans getting food stamps, one out you of through three some sort of d support, do we all need it. >> i don't think anybody -- >> i appreciate that but my points is, if we have that many who are trulyy in need of food stamps, n nowitzki would deny -- no one would deny those who really need them, then weer mozambique. >> it is a bad commentary on america, america needs a full. economy we need to raise minimum wage, stop giving away money to corporations, and stop giving away money for war. and do something about trade deficit. we're not addressing those issues unfortunately, and democrats in some ways have been just as much at fault as the republicans on some larger
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budget issues. neil: i fear both sides, i commend you are not joining name assault and all that. i also best the republicans who say that, there are still a few say he was born on neptune, i think we don't get anywhere whether we refuse to see how our spending is out of control when someone looks at our health care related spending and wants to trim its growth, is likened to wanting to kill medicare, is that fair? >> if you privateize medicare, that is what this budget does, you are essentially giving insurance companies more money and causing people to pay more for health care. neil: what if you give them a voucher to give them a choice, let the marxist test something that government has not been able to do and obamacare is not even close to doing so far.
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>> the market is not very kind to the american consumeer with health care. >> ni here has the -- neither has government, it was so great with medicare, and medicaid asuge as they are, cost is going up, last year double digit clip. i'm not apologizing for ryan, i am saying if he wants to contain this double digit growth, maybe to high single digit what is so evil. >> i see it, a problem both political parties created. insurance companies and pharmaceutical companies are running our health care policies, it is costing the american people. we should have a not for profit system, a full employment economy, put americans back to work and do something about it trade deficit, and stop looking for wars to insight, we do that we can bring our budget in
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control. neil: are you saying in the area of healthy care, profit should not be a factor? >> no, we should have a not for profit system, absolutely, it is not even be a closed question. neil: how do i come up with the next life staveing drug if there is -- life saving drug if there is not something in it for the company that comes up with it. >> we havea have control over getting those truths to market. so -- those drugs to the market. >> i understand that but you take profit motive out. i am no friend of insurance companies. i'm saying when you take it out, you tell me what is going to compel biogen on come up with the next biological drug to cure lou gehrig's disease or any other host. >> government has to be involved with start up, alpha funding.
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but when it comes to getting patents and generics out enableing the american people to have lower prices for pharmaceuticals this government sailed, president obama should have done something about medicare part d . neil: i will point-out that you know, 38 of the top 50 life saving changing drugs, for a host of illnesses, many fightal prior, have come out of this system, this for profit mentalty, i worry if you get rid of that, with best of intentions you will kill people. >> the pharmaceutical companies spend more on company than on -- on advertising than on r&d. >> nih is not coming up with next cue for cancer. >> a lot of research scientists
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contributeed to the drugs a at - that the pharmaceutical companies capitalize on, this is not about putting them in a saintly grandfather of american healthcare role they from that. >> thank you, i respect you. dennis kucinich, what is in a name? >> is obamacare a winner or a loser politically. >> i believe it is a winner, by the way it called the affordable care act. the affordable care act. neil: obamacare. obamacare. obamacare. the product naming wizard who could not help pelfre pehl -- ny pelosi change it all, if government is not spying on you, hackers are. the worldwide web is their oyster, 60% is vulnerible to their attacks, authorities discovered a huge bug, find how much this going to bug you after
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this. (dad) well, we've been thinking about it and we're just not sure. (agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited.
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so ally bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd.
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if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. neil: it is called the heart bleed bug, and it is going to bug you a lot. it's actually an information leak, and it is big. i'm talking 60% of the internet big, that is how much of the worldwide web is vulnerable to being bugged, no matter the encryption software or firewalls. cyber hackers can still fire right through your e-mail, your banking, your shopping no matter how many passwords you have or how many blocks you put up, chances are these bad guys can knock 'em down. what the heck do we do now? bawl, what the heck? >> well, you know what? we really have that start recognizing the fact that if we're going to continue to allow the internet to be the cornerstone of our communication, we have to make sure we protect it more thoroughly than we are. neil: how would we know as users? >> like, for example, when you take a look at from the basic
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level of what this bug is, it attacks through the open ssl which basically means that software protects your communication from your machine to a remote server. if someone from the outside looks at it, it's gibberish. what these guys did was they put something where now it decoded it so they could read everything. the real question here -- neil: and when does it light up for them? in other words -- >> whatever they want. they're in. neil: but if i add all these norton, mcafee, whatever, they're not protecting? >> not through this bug. now, they'll patch this bug -- neil: so there's nothing for this bug that hits 60% of the internet. >> we're vulnerable because we simply don't do the application testing that we should. neil: but what do we to at home? >> well, what we can do from, you know, a personal perspective is make sure we take the proper precautions. one, we use the right encryption at home and stop going through this secured wireless because, you know, it's probably the
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biggest oxymoron of all time, secured wireless. second thing is constantly changing passwords. third, the use of biometrics today and protecting the access to the machine the available, and it's inexpensive. so there are a variety of things -- neil: biometrics being what -- >> dna, fingerprint. neil: but they can't get around that? >> the things that -- you can get around anything. but it's all about negative migration. the path of least resistance. our job is to not to say we cree something impenetrable, our job is when these guys come, they bounce off and go somewhere else. neil: sort of like the idea you have cameras, they're not working, the guy that wants to rob will go next door because it looks like it's working. >> exactly. path of least resistance. understanding the value proposition behind the hackers, and once we understand how significant that is, i think we're going to start paying attention to it. neil: believe me, i pay
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attention to you was you've been right about this stuff. in the meantime, remember the mozilla ceo lost his job because he was stupid enough to say he believed intraditional marriage? the guy that led the charge is having an arrow being thrown his way, and his company is called okay cupid. if he was caught donating to a congress han who he did not realize also was a big supporter of traditional marriage and not gay marriage. now this is getting silly. i don't care what their views are, do you know how to run your company? but that seems to be lost. >> yeah. well, neil, you know, it must be nice to throw a hissy fit and cost someone their job. for crying out loud, how far are they willing to go? this isn't just somebody that came from nowhere and got into this company, he was one of the cofounders. he should have stayed, stood his ground and demanded that his own thoughts be respected. neil: you know what i thought
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was weird about this with mozilla and the case of this congressman was that in neither case did they say that they were aghast at the gay marriage, they just believed in the biblical marriage -- definition of marriage between a man and a woman, and that was heinous enough for them to see the door or potentially seeing the door. >> absolutely. neil: whatever your views on this subject and a host of others, it's sort of like when apple's ceo was moaning about people complaining about his green technology, just don't invest in my company, why is that germane? why should we even bother to care? >> well, the problem is we haven't been caring, so you have one side winning over the argument at all costs, and that's why i think this particular situation is going to change things a little bit. do we really want to go there? do we want to go back into the financial history? this wasn't a donation a month ago, this was years ago. do we want to go into the donation history of ceos all over this country and raise some
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cane? maybe we should do that. if parents all across the this country knew that the company that pushed the whole power ranger empire dumped millions of dollars into hillary, into obama, would they still have been buying -- neil: wait a, wait a, wait a minute! are you telling me the power rangers are liberals? >> that's right. that's right. 100% up to the tune of $10 million. so maybe we should look at these ceos and what they stand for and just use that to judge our consumer power. how about that? neil: all right. well, i've never really trusted the power rangers or those stupid outfits. this confirms it. [laughter] sad stuff but funny too. katrina, thank you as always. >> thank you, neil. neil: incredible, huh? well, maybe the problem with obamacare is the name. it still really doesn't roll off the tongue. i want you to meet the woman who might have changed history if the white house had only given her a call, because anyone can come up with nixon vixen for an all-female bartending service, or can they? or hand job for a male-friendly
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nail salon. seems to have nailed down this marketing thing. meet her, next. ♪ ♪ [ female announcer hands were made for playing.
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xeljanz can reduce the joint pain and swelling of moderate to severe ra, even without methotrexate. ask if xeljanz is right for you. >> it is called the affordable care act, affordable. affordable. affordable. affordable. >> obamacare, obamacare, obamacare, he hates that. either one, they are a mouthful. what do you call it? enter alexandra, she comes up with names that they love, whether has she been? very good to have you thank you very much. >> thank you, neil.
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neil: probably -- your company called eat my words, it is how you package something before you deliver it, if you had your brother -- tkrogters quick way to get it off the ground? >> the republicans are great nameers, they have language down. and obamacare no, it should not have been odropped and affordable care act is too moreing. unfortunately, i am not a circus animal, i can't come up with the names off of the top of my head. neil: how do you do it? >> well, contrary to popular belief we don't do a lot of obama administration hits, we -- bong hits or we don't consult
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with -- ouiji boards, we get a lot of our ideas on the internet. you never know where an idea might come from, he named a chili infuseed brownie once, i went to i-tunes and looked up songs and saw hunka hunka burning love became the name of the brownie. neil: funny. you are asked for a product name, you think it is going to bomb, do you take yourself out, and is a i could put any name on this, it is awful? >> luckily it does not happen too often, what is hard we name food that tastes bad or still in development, maybe we're naming
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something great example an alcohol ach act product not quie fully developmented yet on, we're doing a tasting at 7 in the morning. they could usu in washington. >> i would love to help. >> eat my words, smart, funny, 85% of public pensions could fail, if 30 years, you probably think, woe. good thing i'm not a public worker, i'm here to tell you, it's still going to cost you through the nose.
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neil: in tonight's biz blitz prepared to get hoseed 85 percent of pensions are set to fail. do you think that public unions will let politicians let them fail. to my panelists, lindsay, are we going to get stuck with the bill if a lot of them go cablewy? >> we are, this is ongoing. government is over promised now against backdrop of a fragile economy. and it we're talking about unfunded state pensions. $4 trillion. and here in illinois we're at the top of the list. no matter what legislators do we'll spend vast majority of the state budgets to fun programs for next 20 to 30 years. neil: argument has been, you know john la said if they go bad
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they go bad, because taxpayers are stuck with the bill, bill could be substan tha -- substanl for us. >> these guys grab their lunch pail, go to work every day for 30 years they are promised a certain thing. they are guaranteed a certain pay out, politicians like lindsay said have over promised this. the way they pull the bait-and-switch they assume an unnatural rate of return like 8 or 9%, which is unrealistic. we end up with that tax that the tax payers are getting stuck with. neil: you would think i in the meantime, that wow have adjusted math or, changed going forward, you know, new workers coming in, they would grandfather in
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changes to prepare for this day, they have to have seen coming. we've been talking about ourselves for years. >> this is not a new topic, retirees today face threats that no other generations have faced, a threat of a broken promise, if this money goes away there goes their retirement. what can consumers do? they need a plan b, figure out if their pension gets reduceed how will they have a stream of income, from their investment or part-time job or other work because. monkey is their back, more so now than ever. neil: i want to switch gears this is still in my craw about yesterday, i'm wondering about whether fed and every else sort of playing along market tune, concerned about the market message, that they are going to base policy now on the markets their performances, am i reading this right? >> really don't think, there is
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a lot of confusion following march fomc meeting presumeed a juxtaposition. and a adjustment some committee members moved forward their expectations for this first rate hike that is what the market was focused on. neil: that was chairman saying 6 months. >> she was refering to extended period. saying it could be 6 months, but also it could be -- other part. it could be 12 months, or 24. and fed is said that after that full employment and inflation target are met, fed may or may not remove a commendation -- acome tkaeulg, theaccommodations that statement, not yellen's comment about 6 month period but a statement convey what intentions for moptrary policy are -- monetary policy are should is dov dovish. neil: i represen respectful i de
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with lindsay, and i love her to death. calm down, and i wond ser that this enter the equation, is that propping them up falsely? maybe is the reality what is sinking in today? >> i agree, i respectfully des agree as well, market is falsely propped up right now with low rates there is nowhere to go for yield because so. liquidity is driving stock market. i think that fed is sending out prial balloons to -- trial balloons to get a file how market is. neil: derrick are they stoeul are still winding down the juice they have been providing? >> that is whatty leaves look like right now, all about expectations and communication, i take away from this, they don't' to be cause of the blame of an economy collapse. they want to put balloons out
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see how people respond, but, when you look at what does this mean for average consumer, you think about people moving money to bonds, interest rates rise up that affects bond holders we may have another u double down the road, but i don't think it is a big issue immediately but we should keep an eye on it. neil: maybe some hiney covering thank you very much. >> good stuff. >> forget about giving lois lerner -- to talk, wait until you hear a viewer session suggestion i be given uk opportunityty not to talk. ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter...
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gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. growth? growth. i just talked to ups. they've got a lot of great ideas. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! awesome! awesome! awesome! (all) awesome! i love logistics. accepting that 7.1 million enrolly figure from the white house. philip, you think we'll get obamacare final number break down before november 25, i doubt
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it frank, i no longer trust any numbers or stories out of the white house, pam, does not believe anything that president says, if he says that the sky is blue, i'm look at the sky. brenda, are on your own neil. this media will never do anything do hold this obama administration accountible. >> public or private. vicky, thanks for double checking the numbers, what is the deal with lois lerner, we could find her, damn near beat her, and we are not getting a peep out of her. this candle. can at least be put to bed. >> matt, neil, i disagree miss lerner will stay, she is person responsible for all irs transgregs and white house is ignore ant. this will be a fabrication but
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what can you do? ditto, writes, give lois immunity, she will take blame for everything, case over, everyone is move on. >> congress should subpoena lerner's suborder nats and give her iunity -- immunity that might shed more light on the problems. mark, neil, give up, she is not talking find another obama scandal i'm sure you will make it look easy. mark, this administration makes it quite easy away too easy, very scary easy. i love that you point-out republicans are those drags their feet on souqinas near -- subpoenas 92 theory side seems inrolinterested in getting to te
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truth. i just call them a as i see the, i am sick of both. i love your wit. thank you, patty, not everyone shares your view. battling blow hart that sums you want. i believe to turn down guys like you in high school, once a clueless nerd always a clueless nerved, oh, xena is that you? tenth great geo mattie, did you mary that crack dealer you are going out with. jenny, we get fox business, i can watch neil cavuto instead of o'reilly, happy day. there is no logic in america but for you. neil. skwraeufply, neil wajame i, nili
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rushed back to report it and record it and watch it again. hal reminded me of a soul hr*ers soullesspite in 2001 space odyssey. >> is this the same halasz open the -- halas the ope hal, as thd bay doors hal. neil: still angry, have you not done anything since uhal. pity ha*lt, go ahead kee -- keeo door closed hal. hal wrote back, i cannot repeat what he said. at ialice in georgia wrote too.
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frank tweets. i'll take what i can get. john: it's that time again, they want your money. >> americans who can afford it should pay there are fair share. john: what is fair. >> denmark is becoming first country in world to impose a fat tax. john: media applaud new tax on things they don't like. we could payless if politicians done give -- didn't give special breaks to certain people. there honey there is $8,000 in here. john: you would be surpriseed at the size of sneaky taxes

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