tv Bulls and Bears FOX Business August 10, 2014 8:00am-8:31am EDT
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>> the ebola scare. is it really the back to school scare? public schools across the country bracing for a surge of up to 60,000 illegal kids in their classrooms. hundreds of them already quarantined for an outbreak of chickenp chickenpox, not to mention the cost to educate them. should taxpayers and parents be concerned? hi, everyone. i'm brenda buttner. this is "bulls and bears." we've got our bulls and bears this week. welcome, everybody. so john, should tax pairs and parents be worried? >> they should be because they're going to end upholding
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the bill bill. 60,000 kids unaccompanied by anybody. we can stick a lot more people per bathroom a lot more people per square foot. we're housing these people at our expense. congress has simply gone on vacation. they voted down this money that was just going to be thrown at it anyway so they would feel better about themselves. but neither one, the republicans nor the democrats come up with a plan. i'm begging these congressmen to go down there and tell us what's going on. they can't afford it. these cities and counties, they are not very wealthy counties. they simply can't afford it. they have to have a new translation. not to mention all the health risks. not exactly being seen by doctors regularly. it's not just texas.
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children are being shipped all over the country. do you agree with john? >> i agree that we need congress to do a job and the funding that they need. those counties are in need, although they have assistance in place and it's important to tell our viewers that we are respecting the laws. 50,000, 60,000, whatever it is we're talking about a population that you can fit in dodger stadium or rfk stadium. it's a population, the cost of that to our system is negligible. if you look into the population as a whole, what percentage is that amount? >> everybody in the north has been saying that. i just came from there. tell the communities that are overwhelmed. >> i agree with you, john, i just told you at the beginning that we do need -- this
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community in particular needs help. and congress wasted the opportunity to pass it before they went on break. they needed the money. president obama made the case. i agree with you. these communities need the money. is it the national level that all communities are going to suffer? >> obama went on vacation also, by the way. >> tracy, i want to ask you about this. the states are really getting strapped with a lot of these costs. so are the school districts. you know, they're already in big trouble. you're a mother of three. what are you thinking about? >> this would drive me insane. the governor of oklahoma wrote such an endeering letter saying hey, my job is to take care of my people first. oklahoma has its share of problems. she doesn't need more people coming in. now she has to take care of them? it's unfair the government is now forcing her to direct her funds to children that don't even -- are not even residents of her home state. she was put into office to take care of them. and i think that's the point all across the border.
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we have to take care of our own first. we do not have a plan to take care of these children. everyone wants to help these kids. but you need a plan to get it. we have border patrol getting sick from the diseases they're bringing in. >> there's no lack of compassion for the children themselves. but gary, be considering the cost, considering the health risks, what do you think? >> well, i think there's two issues. let's tackle the health risks first. i'm not worried about the health risks. when my kids came into school, they had to prove they were immunized and, you know, medical check-ups. i'm sure they do that in texas and oklahoma. i'm not so much worried about that. i am worried, and tracy brings up a good point that the immigration situation is not really a national one. it's a local one. and so while it's good for president obama and them to talk about, well, it's only a small percentage of our budget and we can spend this, the money is not getting there. so on the frontlines, as tracy says, you have the governor of oklahoma already fighting with
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one in four kids that struggle with hunger. one in four kids who aren't going to graduate. all of a sudden, these immigrant children are brought to a military base and dropped off. and she's like oh my gosh, now i have to handle it. no one told me. that's the problem. there's a huge disconnect. and i don't think the local, the states are being considered. they're just saying well, here's the kids, we'll somehow try to get you the money. that's my concern. >> maybe these are the upfront costs. and later on we'll have more people paying taxes, social security, that type of thing. >> there's definitely short term costs. there's parents in this country that decided they don't need to do vaccines, which is a great policy when 99% of the children have been vaccinated in america. but now you have kids coming from central america. the rule is going to change. our government should have stepped in on that behavior. that said, kids are expensive. if someone has a child in my town, my poverty tax goes to pay
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for that kid. this is going to hit all these local school districts. unfortunately it's not a local problem. we have a problem with the populations not growing. that's why social security going broke. at the end of the day, if we can turn these kids, some of them into tax pair, won't that solve the other problem. there's got to be a way to make them tax positive with eliminating benefits and paying taxes when they get older. it's not like they're infants. maybe that's the way to go long term. >> what do you think about that idea? >> i think that is just one area of the problem that we have on the border. i agree with that. arnold schwarzenegger, they came here as immigrants legal and made pretty good names for themselves. dr. hossa came here illegal and is now one of the best brain surgeons in baltimore. this country has been built on
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that. but this is just one symptom. when you mix in 60,000 kids, that really isn't that much. the problem is the flux is not stopping. there are parts of arizona and california where the government has put up signs saying don't go any further, it's unsafe. police departments won't send their deputies out there because the cartels run that part of the united states. we are not doing anything to address our border issue, nor the people that are here. we have 10 million to 12 million people here illegally. we've got to do something with that. if they can work and become part of the system, whatever it is we're not doing anything. >> i agree. i agree that the problem is really bigger than that. the problem is really what toopd with 11 million undocumented that are part of the society and working in our society. i looic to speak before i go there to the point of the health. i agree with gary. this is not really a health issue. nobody vaccinated arnold schwarzenegger when he came to our country.
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yet we have laws in place that these children coming unaccompanied, they are being vaccinated because they're being released to hhs. as per our laws. they're not being released to the community at large before they go to very thorough screening and they're vaccinated. so let's not say that there are risks because they are thoroughly vaccinated and probably more screened than any other immigrant in this country. >> the homeland security office reports that illegal immigrant children with diseases have really touched federal agents with skcabbies, lice, tuberculosis. >> to compare this to arnold shats neger when he got here a billion years ago is not a fair comparison. >> there is nobody obviously we have -- >> look, my little one couldn't go to daycare without a flu shot a bunch of years ago. >> exactly, and do you think based on your experience, do you think they're going to -- >> let me finish. you actually think these lower income districts are going to enforce these laws so strictly?
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it is out of their hands. they have no choice. they have to take these kids in. and they're going to, whether the kids are vaccinated or no the. and that's the scary part. >> no. i'm saying the kids won't be enrolled into the school until they have the certificate they're vaccinated. they're going to get taken care of where they are right now being held before they get releaseded. these kids get here, i don't know how many in vaccination. >> that is a cost to the united states. >> that is a cost to the united states, you're correct about that. but i don't want people thinking they're releasing all these diseases that we have kids now vaccinated going into a school system because that will not be correct. >> that's got to be the last word. we're out of time. >> nearly all u.s. hospitals not doing something when it comes to preparing for ebola. and neil's gang says it may be putting our lives and livelihood at risk. that's at the bottom of the hour. but up here first, chaos. all around the world from iraq to israel to ukraine. and our own border.
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♪ there was like an i haderuption on my skingles. and burning. i'd lift my arm and the pain back here was excruciating. when i went to the doctor his first question was "did you have chickenpox?" i thought it was something that, you know, old people got. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members
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the map. but the market was up on friday, quite substantially. you think that these hot spots could burn investors' money? >> that's a good way of saying it, brenda. i think we're throwing a lot of tinder out there. and while friday was a very good day, you've got to keep in mind that the market was pretty much flat for the week. the other four days were kind of lousy, if you will. the market really didn't move. ting after the past few week, i think we're one mistake away from the market really diving. i can imagine as we're flying over iraq or something. someone shoots up a fisplane yo could see the markets drop 2,000 points in a matter of minutes. i hope the market can navigate it through. i think we're going to go down a little bit further, though. >> we're down about 3% since the high in july.
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once the air strikes in iraq, the market did go up. the traders have nothing else to trade on. the u.s. debt was downgraded in august, it changed the life of the month of august forever. it used to be a quiet, sad month. now it's as volatile as it comes. people are just hoping the president does something. but history has shown he does nothing. so as a result, we just go through this, we go through the volatility. the market really does want to come down. i don't think it's going to be anything geopolitical at this point because we're not going to get involved. >> i think that's what happened
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friday that it ended well. if you look at the whole week, the news are not good. and as the things get worse, i expect the market to get progressively worse. >> we're really overdue for a correction, aren't we? when gary says we're one little mistake away, do you agree with that? >> i think they're right. there's really no other place to put your money except the u.s. market. and look. he left a stable and sovereign iraq. we knew at that point that he was either very nigh naive or just not telling the truth. you knew it was going to break into civil discord. the variable in here that's unnerving is the islamic state. these guys if they could control the dams, that's when they start disrupting the economy, because oil prices, going after those guys is the right thing. i don't think ukraine unfortunately and i don't think israel is going to really move the markets. but killing those guys, the real
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bad guys, i think that is the best move they've made. >> what does history show us about this. >> the stock market does well during wars. it really does. it seems like what could be worse than world war ii. but yet the stock market did better. its averages did better nan other warms. but i will say in this case it has to spread over to a financial crisis. some bank in europe all of a sudden because of an embargo in russia and other debt dpis solves. that's what starts the panic. not the wars and the fights. that's not a financial crisis. brenda, to john's point about the oil markets. watch the oil markets, it's not moving yet. so the oil markets are not worried about this. they know better than all of us
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what's going on in iraq. they'll tell you when you have to panic. >> any last words? >> we do okay in conventional wars. the problem is i don't think we're facing conventional wars. the market didn't do too well during 9/11. i don't think it's going to do well. >> last word there. thanks, guys. >> cashing in just over an hour from now. eric, what do you guys have coming up for us? >> hi, brenda. the ebola scare igniting a firestorm. here what has whoopi walloping the donald. plus, food stamp recipients having to work for their benefits. see you at 11:30. >> thanks, eric. we'll be watching, of course. up here, of course, lawmakers looking to kick consumers when they're down by kicking their taxes and grocery bills up. x÷
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>> you know, a spoonful of sugar may help the medicine go down but it could also soon have your grocery bill going up. a sweet tax on each spoonful of sugar in sweetened drinks. but you say the last thing consumers need right now is another price spike? >> i think we should tax the toilet paper in all of these congressional offices. because all they do is you know what on us and they should pay for it. >> i think it's ridiculous. whether i have a soda is not the reason the country is obese.
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that is not our problem. there's a bigger picture here. and coming down on a spoonful of sugar is not going to make a difference. they're going to collect this money and waste it away anyway. >> what do you think? good idea? >> i think economically, the soda tax may make sense because soda is as sensual as tobacco and cigarettes. so it could make some sense. it is obviously economically makes sense, politically it's dynamite. and let me just say, where do you stop? do we subsidize broccoli and dental floss? there's a thin line there. we have to figure out where to draw the line. it's very unpopular. >> don't you dare touch chocolate. are the food police going wild? >> it's just crazy. >> i think tra icy said it's not the cost of obesity. even if it is, whoo i is that the government's problem? if we want to be fat, we can be fat, for crying out loud. caffeine isn't good for you
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either. what do you do, tax the caffeine, the coffee? why don't we have everyone in the nation step on to a scale and all the people where their body mass index is too high, we tax the heck out of them. that's what the government wants to do, it's just ridiculous. >> it did kind of work with cigarettes. >> and coffee is good for you. >> so is chocolate. >> i got this idea out of connecticut where everyone could afford tax. a yacht tax and everybody is flipping out in connecticut. the bottom line is, we're all paying for each other's health care, especially the government. that's actually gone up. obama care, you're now subsidizing the unhealthy, okay? they go get kicked off the plans anymore. that means your insurance is going up. i have a direct financial incentive in everyone else being healthy. we need to bring that into the system. we need a tax or fie or something that makes it more expensive. >> john, what do you think?
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are these taxes -- >> i'm with gary. let's march all the fat people in town. down to the courthouse and let's weigh them. this isn't about a health. taxing alcohol and smoke, that wasn't helping either. it's for politicians getting more money. for every 100 they get, they spend 140. this is a revenue grab for these idiots that are on vacation right now. >> okay, the tax on toilet paper, that's a pretty good one. >> all right, thanks, guys. and my thanks to tracy and janese for joining us.
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>> the first nbc bank, regional banks up. >> of. >> i like banks, i think there's other better ones out there. >> mcdonald's said their company is not relevant. i say he's wrong. i think the stock is up 30% this time next year. >> bull or bear? >> and your prediction? >> i heard this week that women's -- companies run by women on the board beat the one with all male reviews.
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global women's fund available to you. >> do you like women? bull or bear? >> i'm married to a o o o o o o wall street. i love women. >> all right. >> are hospitals prepared for it over here? welcome everybody. i'm neil cavuto. ben carson says viruss can mutate and the former johns hopkins pediatric neurosurgeon fears our hospitals might not be ready if this one does. and our centers for disease control cently losiing vials of deadly smallpox hasn't inspired confidence.
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