♪ neil: well, now that we are in killing you ever wonder what took us so long to figure out these guys? welcome, everybody. i'm neil cavuto. barack obama had his chance. he could have avoided someone else filling the danger vacuum somewhere else that is hillary clinton. clearly distancing herself from reformer boss for missing the mornings and now belatedly trying to make up for lost time by conducting these air strikes now, strikes that we are told could drag on for some time. the former secretary of state is not the only one saying all of

this might be too late. republican senator lense gramm says that rebels might be on the run but they are still running the show. there are still gunning for us. if he is right forget about ims ims billing a vacuum. i am about to fill an even more dangerous terrorist vacuum over here. these of the gas is so bad. former homeland security secretary on what he makes of this development in these developments and these rebels and this attack. what do you think? >> first of all, it is good to be back with you pair reversed of all, i find some irony that president and former secretary of state you cannot tell us where they were and who they were talking to on the night that our ambassador and security people are murdered are suddenly involved in this he said she said countercharges over who

supported what policy, a failed policy. and when i say fail policy i am being quite generous spirit of frankly think they needed the president of the secretary of state when they had a policy as it related to those two countries of emily said large punitive rather interesting irony in public precursor to her announcing her seeking the nomination. neil: she did say that may be having -- moderates and syria we would have prevented someone else filling this power vacuum that now seems to be. >> i happen to concur with that opinion. a lot of people to look three years ago urged the administration the marriage the secretary of state to support the free syrian army. totally disengaged. and if you think of a series of non engagement in syria, you should not be surprised at all of this has occurred there and you have got i sought to come by

encouraging support for the three syrian army. we told them that he had to go. on his way to a fund-raiser, the president actually said he must tell. then you have the debacle arawn john and chemical warfare. we did nothing. we should not be surprised if peripheral territory, fertile ground. a couple of years ago the president, we should not be too worried. neil: that was then, this is now open even with these air strikes will we are witnessing is stalling in enemy that is intent on taking over and eventually. >> i think it is a good start, but let's be very clear. the air strikes are very strategically important. they need to be continued, but i think that we need to revisit the whole notion of strongly and aggressively supporting the three syrian army is important

to engage allies in the neighborhood palin rihanna the only ones that had fighter pilots in their plans permit the chaos and carnage in the region and as much to saudi arabia, jordan, and elsewhere. neil: unfortunately they are not i should go back to the next point. it is just a matter of time creating hostilities that have not yet arrived on our servers will lead. >> i'm not quite sure right understood the question. be careful uprooted as a matter of time before they're here. >> well, one of the things that the administration has never done is talk seriously to the american people about the overall global surge of islamic extremists. this is the most recent and, frankly, most dramatic example. there are no rules.

destroying everything in their wake. it is a matter of time. not so much a military incursion , but you have a lot of european fighters. you have some american fighters. earlier today we picked up an isis1ab at the airport in new york. and so you have people who are from overseas, particularly non visa waiver countries. all of a sudden they can become bombers on their plans so it is a very serious problem. neil: i'm wondering. all the time that i have talked to and had the pleasure of, a constant reminder that it can happen again and that the more time goes by between events certainly i don't think it is a matter of a more sanguine, and these. you're saying that is a mistake.

i think the threat of islamic extremism today is probably greater than it was given the connective tissue that began has metastasized. hezbollah, moss, the islamic jihad and high as i as pretty should be under no illusion, he should be comforted. they are getting bigger. frankly, there are other organizations. perhaps they got their inspiration. this same deadly even terrorist mind-set. neil: any different? mine in a reconfigured or not. i mean, bad guys can assemble anywhere without the protection of a as but a country. >> they can, but the situation is syria and iraq, it is not a militia, it is an army.

they conduct warfare in a particular web they also home have been developing asymmetric warfare in my mind any other terrorist organizations. neil: switching gears slightly. instituting new surcharges to cover presumably greater protections. some say it is going to go into the bigger budget. the some folks that is five or $8 a ticket permitted blacks and not sure what they'll do with the money the aviation, that put to commercial aviation is won't be one of the most consistent terrorist threats buried and you don't have to look beyond the past month the two to be reminded of it military aircraft

could just as easily be used to take of civilian aircraft. take off and landings. you have congressman calling for military-style defense systems and commercial aircraft. you have d.h. as saying that more concerned today than ever before about nonmetallic explosives that can be embedded in individuals. they can become bombers on airplanes. the situation without regard to commercial aviation continues to be a consistent threat. more and more threats seem to be appearing every day. neil: haphazardly with a gun but spending the money. in the middle of all these other things. >> one of the things that they have got to do, and i think he is on the right track, but so many people who are frequent travelers could be prescreened. like global entry. as serious background check. and of an operation in the database that you can continue to look at the database every

six months or year and make sure are. you need to get into preclearance. he wants to do that for whatever reason. quite a few delays, but i think that is where we need to go a bit of indigestion not think that we ought to be -- i think there are better ways to manage the risks associated with commercial aviation. the way they are doing it now is is not the best way. neil: agreed. thank you very much. >> a pleasure. neil: well, blacking out because the temperature is shooting up. >> compounded with the pressures of things like climate change, you know, it is not surprising that right now at least what you are seeing is a lot of chaos in those places. neil: these guys are all hot and bothered because of the climate change think? that is just the start of it.

six extremists can be more of a threat. >> it is going to be us. societies in not work and

political factions. that ideological extremism bois his movements more prominent. hmm. neil: many would disagree with that. does the president have a point to say the extremist is in his mind, an extremist right-wing views with our danger. the president pointing to republicans. >> well, extremism is this letter. it denotes quantity, not anything ideological point the president against extreme justice. i am drawn the goldwater campaign. extremism in the sense of liberty. to be against extremism is just a sliver. neil: i would have to take the president at face value. both sides taking extreme

position. they can never find extreme battleground. , think he would have a lot more credibility said he just said both sides are of control. >> a unifying statement will rid of the president is doing now, the best way to deflect the conversation. he does not want to talk about the isis or what is happening with the irs. let's plan republicans. neil: they blend hen party to. >> i think the president has a point. if you look at what the republicans have done since he came to office in the economic downturn, health care reform, foreign policy, everything the president has done, republicans want the obstruct them. not proposing solutions of there own. neil: they get a stop at the senate. >> it seems like when they propose solutions.

in transition spending their views and not the left. >> they have this alternative health care reform. this opposing health care reform it did not push it forward. it was just so that they can say when they were accused. neil: rejecting something that is an albatross. the president rejecting their overtures. >> we have an opportunity to do something. they had an idea. never explored. >> beyond policy it really comes down to ideology. when the president says he is against extremists he means he is against capitalists, people of for there own self-interest. they don't want to pay for other people's health care. they don't like liberty and happiness. that is extreme.

neil: we will have the record. you guys said something very profound. be that as it may, the reality is all of this is a little too over the top. the president's saying this is the direct result of temperature listen to this. >> compounded with the pressures of things like climate change, it is not surprising that right now at least what you're seeing is a lot of chaos in various places. neil: longer for climate change. >> he just proved my point. trying to change the conversation. another way he is trying to get the conversation away from the failures that have been created by ellen is second term as president. >> climate change contributed to. >> oh, god know.

>> genetics. that is the italian in him. >> the president is genuinely concerned about climate change. he is getting ahead of himself by saying that. at odds think we are seeing a facts to that point. >> i love al gore's response to this. and since the start of this show , entering the u.s. by the end of the hour it will top 100. the alarming numbers that we are not addressing after the break. [ male announcer ] ours was the first modern airliner,

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. the international migrant enters this country every 40 seconds. that is over 2008. president obama executives ordered his way to make a lot of these illegals legal. going to rapidly rise. >> well, this is no different than we have been saying. that is because there has been an increase in texas border security. overall this is a country that was built on immigrants, especially the italians. you know, they always want to come to this country. frankly, you pick your poison. what part of the world we're talking about there is opportunity. frankly we have a darn porous borders. it is kind of a disgrace right now. not doing anything. not just people that want to come for a better life that maybe those who want to hurt us.

>> not anti-immigration. as much as the reasons behind it . they might have shifted over the last century. explain. >> we should one emigrants. productive, contributes. this whole notion of illegal, starting in 1910. talk about being against illegal immigrants, bob hope, andrew carnegie. alexander hamilton. when they came here. [inaudible conversations] [inaudible conversations] neil: any celebrity legal or otherwise. all right. i mean, these numbers include legal immigrants. the wrong people here. the people are not going to be

industrious. what do you think of that? >> one of the things i would like to see fellow democrats to to my would like to see securing the border not because such a bad phrase and the democratic side. whether democrat or republican a matter what policies you're trying to pursue immigration lies, if you are not pursuing the border you can't implement a policy. as you were saying, you know, the additional immigrants, using our infrastructure. with tens of they will use entitlements and things like that. but the infrastructure in general government services. >> they contribute to the infrastructure, certainly the economy, illegal immigrants. [inaudible conversations] neil: our entitlement society might be bringing their wrong people here for the wrong reasons.

>> the criticism of the entitlement society. you should be just as our asian-americans' take advantage. weighing in. it just makes them legal. that solves all of your problems . >> all right way and a wrong way to do immigration. many come to this country and to contribute, but we have got to deal with the fact that many of them are coming and not contributing. they are draining our economics, draining our taxpayer dollars for entitlements. >> the border enforcement. >> i agree. immigrants are contributing a lot. let's face it perry more people use the buses, the subways. those resources become congested. those are things that have to be taken into account. neil: makes you very much buried in the meantime the, the party has never been so divided. here to make sure everyone parties together. his answer to a young man that i think is very, very profound

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neil: all right. to my daughter i am officially cool. partisanship is rocking this country. just turned the political world upside down. i think that offended liberals and conservatives. writing to the rock star to complain about his super right-wuydt dad even going

neil: it is my way or the highway. >> or that that is who you are. the person that believes these things. believes are important. not as important as who we really are. for better or worse is not based

on the believes, the character. neil: with your family and extended family to of politics, plot. >> a bit of both. my dad is the kind of person, bring up something very passionate and not -- it's not reading the progress. is that going to survive britain it's not a pleasant experience. milieus stand these are challenges that are worth pursuing. neil: you have gone outside. the past three days definition. the way they think and act. you don't fit that. a lot of politicians to break from their views to move the ball and get agreement.

any. their toes. >> it is challenging, painful. it is not easy to try to return to a place of love and understanding. neil: judy love more, john baena or barack obama? >> humans. i love humans. i think so. that is the part that is, perhaps the most challenging. of very severe example. it is natural and perhaps even corrupt. they are not human. but perhaps it is even higher of us to say that they are. the depths of our own potential bad qualities and monstrous behavior and try to return to that state of love. it is not easy. just here today from all kinds of thoughts. i tried to think higher than that. encourage each other. it. neil: i live in pettiness.

but you are not vindictive at all played a lot of people of very tough shell. >> i understand that. ultimately it does not feel as good. neil: you are not come again, you don't fit any could be quicker definition of as entertainer. just the labor your persona. >> i decided that feeling happy was more important to me than anything else. not in a shallow way but in no way that made me glad to be alive. worth fighting for whatever i cared about. neil: would you care the most about? >> joy. and i don't think that if we have that then everything else seems to be less important. neil: joy and the money you are making. >> i would like that even more. even more joyful. >> it helps put a dent in it.

>> food and shelter is the most important. berlin watches, things like that. they get damaged. they can create stress. i want i golden party. i golden time before you die. hopefully, you know, provide that for other people. all the bad feelings and the pressure and the anger. something more cheerful like partying. and it works. moi. neil: putting his response on our website. you have to read. it is so common sense. acus -- no matter where you come from, we all have our own bias. i have appreciated. thank you very much. when we come back, if you have a business, you did not build it, why some critics as saying that the guilt trip going on in washington, it could be the

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[ vehicle beeping ] who's ready for the garlic festival? this guy! bringing our competitors' rates to you -- now, that's progressive. ♪ neil: well, making more grain for staying in america. the company needs. saying much of walgreens financial success was built on programs and infrastructure. it will continue depends on the u.s. taxpayers. is that teeseven are they up for everything? if you think about it, he is referring to, not trying to bite the hand that saddam still of the medicare system, something that they directly benefit from an do not want to chase away. what do you make of that? >> well, and existing infrastructure that most of us have no choice in creating a

black government-hundreds and entitlement programs. it is worth pointing out that illinois is a mess under dick durbin. the fourth highest taxes in the developed world. that is why companies are actually leaving. leon e. a. so this notion of erecting walls to keep companies in. as frightening of that notion is . >> if you look back at history certainly 30 years ago this country did a lot of things to help companies build a good american companies. now you have anti corporate policies, particularly when it comes to taxes. and he is right. how many companies are trying to get out of illinois. texas governor rick perry trying to get these companies out. >> the patent situation. >> one thing i come away with it

neil: the tax situation was so lopsided here. of course they're going to go where taxes are lower. why don't we make it easier for them to make the decision. >> if they had the opportunity to pay zero taxes i am sure we would take it, but it is probably not good for the country. neil: but the 40%. you know, what are you going to do? >> you know, in the case of most companies i think conservatives tend to devalue the effect that good government and infrastructure and things like that have on the ability to do business. if you ever tried to do business in the third world to look into doing it a couple of times. neil: that is not the third world. a lot of companies. >> it is not the third world, but for a number of reasons that have the taxes we do, the

military that we do. neil: isn't there a line between being patriotic and being bathetic. if you are not willing to be a viable financial entity, all the patriotism and the world will keep your doors open. >> the basic essentials of government like military, like the courts, you know, the essentials are a relatively small cost. a lot of them go to the entitlement programs. walgreens or any company is a drain on that. they produce the wealth. compaq of gum, you are so happy that there is a 24-hour walgreens. it would be great if companies paid income taxes. more money to produce and invest for the rich or poor. neil: not. >> let me tell you. i don't know if you could do this legally, but they should look into nonalignment state medicare and medicaid.

neil: it would have made the decision a lot easier. >> come on. >> medicare and medicaid. >> you agree that it was companies that actually build walgreens business. obamacare, a couple of years. been in business for two or three decades. >> walgreens has been successful the turn of the century. neil: that is why walgreens did not incorporated abroad. it could lose the golden goose if he thought about it. it was strong armed. >> by definition is that culmination of government. >> they don't have to. no one is forcing them. neil: when we come back planning to make a big move that could

rattle all of you enthusiast. we will be right back.

neil: all right. the $295 million. the california public employee retirement program is planning something a little different. a dramatic retreat from risk, especially commodities which it deems risky. all stars. it would seem to mean no gold to mine a silver, know any of that. >> a lot of these included have started to invest in real estate, and that is starting to come back to bite them.

they are under pressure obviously. frankly whether it will be from losses, controversy, the market itself is not getting in there a chance that they needed. and stand it. the market, the stock market is stable. the regular shots, no protection. it is more of a safe bet verses some of these alternative investments. >> absolutely right. the stock market has been hot. they're taking money away from commodities and putting it toward stocks. more bullish on commodities. historically it is because it is investment by committee. loaded up on land right before the market crashed. some portion of the portfolio and commodity. neil: altogether. obviously i guess there putting all of their eggs in to this

simple equity basket. bonds. but it is -- to wipe all of that out. >> 2008, 2009. also going away from things like a hedge funds in derivatives and things like that. it is really difficult. i had someone tried to explain to me, determining risk in some of these things. >> they're trying to explain how they determine risk in some of these. neil: very lovely. a lot of these. >> the situation in the market. late 1999 and 2000, cisco and sun microsystems, it is much more about how you invest. you always talk about

diversification. that is what it is. some portion, and there are funds now. there was a whole basket. neil: you would not fall them together. >> nickel and palladium are actually doing quite well. neil: get me going. >> that is what most retail investors are doing. they cannot play the market. they are not stock pickers. >> i guess you could say it was abolished. the overall retail trend. to our retail fund, do an index to be just leave it. all right. talk about another that is unending. teen-age mean ninja turtles slammed by all of the critics, myself included, but bringing in

a whopping 65 million domestically this weekend. planning to announce a sequel and another sequel after that. >> the overarching theme. people need to escape. economy, jobs, you name it. just do something brainless and mindless. no problem whatsoever. neil: if there were movies during roman times as would have been right before the barbarians came. >> i was going to say exactly the same thing that cheryl did. as long as it can minimally prevent my suspension of disbelief from going away. sure. i like the film festival every once in awhile. see something that is a good movie. sometimes i just want to forget. >> everything old is new again. kids today, 20 years ago, 50

years ago. these pieces of intellectual property. neil: believe me, i am far from an elite movie critic. god bless america. they did not think they have the dexterity the old machine guns. >> very sad. defying conventional wisdom that this low cannot be fast. any final reflections that all? >> i don't know. i would probably see the movie. neil: really? >> it is summertime waiting for the remake. neil: that is next. i don't know. look, go see it. the whole nation did we are not

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>> what is the deal. with all of the media panicking? my own show, included, cheryl in florida, is this all you can do in try to scare people, find something else to obsess on? i am happy to 1 the cdc do so. >> charles, as far as i can see only thing we have to fear, public officials who are notal house on the same page. >> i don't know why folks say

this sudden a big deal, it is a big deal in africa, it is out of control, you are right to keep focusing on it. settle a bet i have with my girlfriend, she tells me it is real, it is fake, tell me. >> it is in either, it is net , tietainium actually. karen in st. thomas. please tell me why should i watch you, instead of bill oreal who oriley who i love? his show repeats, i am the qe2,

you miss me, you don't know when i am pitting port again, do you? i hear a lot of people say, i will be honest with you. do they normally lee to you? -- lie you to, i have no idea. but that you sound particularly snide. any relation to tom from new jersey, e-mails, i heard you have photographs of your bosses in uncompromising positions, and that is why you are still on the air. that would explain your longevity. you should have been fireed went minute of first being on camera. first of all, i think you meant photos of my bosss in

compromising provisions. you are just jealous tom from new jersey because you can't read a prompter, and if you could, you could not sell it as well as i do unite in and night out for the last 30 years. neil, if i knew you in the 7th grade we would have been life long friends. all right then, just, what about eighth grade, or the 6th grade, what is so significant about 7th grade. unless maybe, you were in the 7th grade with me, you are regreting all of those wedgeys you gave he in gym class, now are you shocked to see i am an international super star, just as jealous as tom in new jersey, maybe that your problem richard? or do you go by dick?

childish. anyway. i love us, i wish i was having a drink with you, stand in line, keep the e-mails coming. including you, tom. kennedy: you know we're living in a libertarian moment when react to new york "time" magazine from leftist describe commie scratching out rebuttals, libertarian thinking were not so threatening i imagine that the santorums of the world would pass it off with a shrug. a group of rug else ed individuals. >> and ally