tv Cavuto FOX Business August 20, 2014 8:00pm-9:01pm EDT
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. >> day 12 in ferguson, missouri and they're still protesting over the shooting of michael brown, or perhaps are they really protesting something else entirely? welcome, everybody. i'm david asman in for neil cavuto. attorney general eric holder meeting with fbi and local officials as part of investigation into what is going on in ferguson. but seems the media has figured that out. many outlets blaming income inequality for all the unrest but is this really the cause and effect of bad policies to conservative black chick editor
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crystal right and zerlenna maxwell. how does it fit in, if at all? >> i throw my hands up in the air, that's the lamest excuse i've hear the of. eric holder is going to ferguson to pressure the federal investigators, fbi agents on the ground as well as local law enforcement and the prosecutor in the case to bring charges against officer wilson because they already made up their mind and that's it. if they wanted to deal with income inequality between the blacks and whites, where are the policies that 70% black babies are born to unwed mothers. >> the policies of the past six years have been from the democrats. >> hold on a second, crystal. >> okay. >> i think that certainly there is a generation of policies that have contributed to the current status of income inequality which i think has impacted black people more, and
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i think one of the things we have to point out the people in ferguson which a town that is largely working class, people are living in poverty but not a high crime area. this is the first murder of the entire year, and so i think people there are certainly looking for jobs and access to opportunities. >> everybody is looking, black, white, yellow, it doesn't matter people are looking for jobs. that's part of the problem, crystal. we don't have enough jobs, certainly not enough of a recovery going on? >> david, you make excellent points about our lackluster jobless economy. it's not just -- and black unemployment is always, i think it's running double the national average. >> worse in the past six years. >> what has the president done for the last 5 1/2 years? passed obamacare, dodd-frank, policies that are against
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correction. i want to address something to your other guest. >> zerlenna. >> you said there is low crime in missouri. >> i was specific there. >> ferguson, that is being disingenuous. according to the violence policy center, missouri in 2010 ranked as the number one state for black homicides, in 2011 it ranked number two. and for us -- let's paint a clear picture about what's going on in ferguson. of the 59 folks that were arrested in ferguson monday night. 41 were ferguson residents, they're not all coming from out of town. >> let's give her a chance to respond. i want to put it in slightly different context. my old buddy at the "wall street journal" jason reilly said the black crime rate in the 1960s was much lower than it is today. and yet in the 1960s, nobody would argue in the 1960s there was more opportunity for minorities than there is today.
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nobody would argue that there was less racism in the 1960s than there is today, and yet the crime rate was lower, why? >> the crime rate has increasingly been going down since the time you're talking about. and i think one of the things we have to focus on here. >> hold on, hold on, hold on, no, it is not. >> economic opportunity. >> i'm sorry. >> you're wrong! in the early 1960s, the crime rate was very low in black communities. >> exactly. >> it is much higher in black communities today. why? >> over the past 20 years, the crime rate has gone down, the economic opportunity has not gone up. >> not true in black communities, the crime rate was much higher in the erl60s. >> after the war on drugs. >> that's not true. >> excuse me. when you're putting people in communities with no access to economic opportunities and bringing -- making a bridge to
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success, you're going to have higher rates of crime. >> you're not answering the question. >> i'm answering the question. i'm answering the question. >> in the 1960s, the crime rate was lower in the black communities than it is today. prejudice was higher and opportunity was less. how can you blame crime -- >> no, i'm not blaming crime on anything. i'm saying crime is wrong, we're all in agreement on that. when there is little opportunity, there are going to be high rates of crime and the opportunity, those ladders to opportunity have not increased for the same black people in the community. >> just five seconds, go ahead. >> five seconds, back in 1963, daniel patrick moynihan wrote about the destruction of the black family. he said he was noticing a disturbing trend of fatherless black homes, and an increase in black men going to jails and higher dependency on welfare. that's where we are today. it's not because of lack of
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opportunity. >> it's not because of single mothers, i'm sorry, that is not fair to blame single mothers. >> you have a lot more grips for the male. i'm sorry. thank you for coming on. is attorney general eric holder getting ahold of the situation or perhaps making it worse. to tea party.net chief strategist nigel. what do you think of overall purpose and mission in ferguson? >> i suppose it's somewhat political damage control in that the president quite frankly has been a miserable failure in reference to the black community. just look at the statistics, the amount of black wealth that has been lost during this obama economy, the black unemployment rates are much higher than they are on the national average. and i think he sees an opportunity, and make no bones
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about it, i keep hearing this is eric holder pushing this, this isn't obama. that's nonsense. eric holder performs more like a consigliere to barack obama. >> don't you think they are lockstep in these things? >> they are. what is tragic about the phenomenon, a festive debate in the last segment and ladies were dealing with this is that the crisis of black men and i saw spike lee on cnn talking about black men are under assault. they're an endangered species. if we're an endangered species, do you know the number, david, of black men killed by white cops every year is under 100. the number of blacks killed by other blacks is in the thousands. like 8,000 per year. if we are indeed, young black men, an endangered species, then the hunter unfortunately
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and tragically are other young black men. >> nigel, focus on one aspect of the department of justice and presumably this is something eric holder is going to look into. they have the community service relations department, started way back with the civil rights act of the 60s and have sent protest marshalls to ferguson. they were sent there in thursday of last week, i believe. obviously, the first few days, they didn't do so well because the situation kept getting worse and worse. do you think that these departments and the kind of community activists that eric holder and president obama think might help a situation are actually making it worse? >> i think they do often make it worse, and i also think that they kind of miss the point. you know, the first priority should be the protection of ferguson residents, all ferguson residents, that includes the businesses that have been destroyed in that community. i heard one of your colleagues
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talking about economic development and lack of economic opportunity. what do you think is going to happen when all the cameras, when all the protesters leave ferguson and you have an economic wasteland in that community. >> very, very tough for the businesses to get back on their feet. final question to you, i'm wondering, is it get anything easier for a black conservative to make his way around what passes as intellectual communities these days, or do you get a lot of feedback, negative feedback? >> we get a lot of cast dispersion cast at us, calling us everything from aunt jemima and uncle tom, and what clarence thomas and folks have to go through. black conservatives like myself, crystal, kevin jackson,
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ben carson of variety. herman cain, we have a much easier path and have much more access today. thank god, because of the folk like you at fox news and fox business and the social media. we have much more access and opportunity to get our voices heard than the generation before. >> you're a brave guy. thank you very much. nigel, thank you very much, appreciate it. nigel inis. president obama's response to the gruesome beheading of james foley and hear from a two-star general how our military should respond?
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. >> the united states of america will do what we must do to protect our people, we'll be vigilant and we will be relentless. david: president obama condemning the brutal beheading of american journalist james foley but offered no specific plan to prevent the killing of steve soddolove or protecting
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interests or other personnel in the mideast. general, good to see you, you. i heard, general, no ultimatum, i heard no plan of attack or any strategy for defending americans, thousands of whom are still in the region, did you? >> well, don't forget it's not just americans in the region, it's americans at home. there are two things that are needed here, first a campaign plan. isis has declared war against us. we have not gone to war against isis. so a military campaign plan, and secondly, we need a national strategy. look, this isn't going to go down over a weekend. these air strikes are a down payment. we're going to be at this for decades. object isn't to deter isis. we've seen what happens when we try to ignore them. the purpose now is to kill isis. and that can't be done over a weekend or with just a down payment of 90 or so air strikes. no.
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we've got to be in this for the long-term, if we're ever going to protect not just americans in the middle east. unfortunately, americans at home. david: well, here's what really bothers me, this is a direct challenge. i'm not into the whole macho thing, i think that we endanger ourselves if we go to war over macho interests, but when we get a direct challenge. when an american is brutally murdered with the threat to murder other americans. we stand up as a country for individual americans. we're not like those who say one or two people of our citizenry has been killed. no. every american we stand up for. we collect every american, we get them. i heard no plan of attack, no challenge to those who hold americans that we're not going to let this happen again? >> we're going to let it happen again. we don't have the ability to influence what isil does. these guys are still expanding. i know the administration gloats over recapturing of the mosul death.
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but remember this caliphate starts in aleppo in syria and goes to kurdistan and south of baghdad. these guys have just started, and they will apply the, you know, 6th century sharia law which means killing the infidels as fast as they can, and unfortunately we're standing back and watching it happen. david: now as you mention, the spread is from syria to iraq. can it spread further and how much further? >> i tell you, one of the interesting things missed by the news. isis captured a border town with jordan about two weeks ago, and the jordanians are beside themselves. can you imagine the consequences if isis overruns parts of jordan you and you have a caliphate that butts up against israel? come on. this thing is a powder keg that's about to blow up, and the united states right now is
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doing very little. they say there's no boots on the ground, there are. sadly not enough. david: the question is what kind of boots. i was talking to another general, general mcinerney about whether special forces could be brought into specifically target the higher elements in isis. i'm sure we have some intel that would allow us to figure out where some of the command structure of the organization is. could we do it with special forces alone or need tens of thousands of u.s. troops? >> if you're going to plan a campaign over a long-term and not just a shock and awe campaign and come home, obviously special operating forces are key and essential there. are some now in irbil and more needed to your point. what are we good at? we're good at taking intelligence, taking drones, and special operating forces and cutting off the heads of large organizations. that's what we did to al qaeda. much bigger mission now, that's
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what we now have to plan to do against isis. otherwise, they'll continue to spread. david: quick question, is isis going to strike us in the homeland? do they have plans to do so? do you think they have a cell here now? >> their mission first is to consolidate the caliphate and by their own admission is go overseas and strike at america. they're absolutely unambigguous about that. david: major general robert scales, appreciate it. if the indictment is so bad for governor rick perry why, is he smiling? next, why the charges against him could end up being good for the governor and his next career?
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. david: no wonder republican texas governor rick perry is smiling in this, his mug shot. not only is "new york times" defending him, the "washington post" is saying the indictments give him a boost. former republican house majority leader tom delay has been through all this himself. he says voters will see through this witch-hunt. tom delay, you gave advice to the governor that this kind of thing would happen. i want to go right to the videotape frankly, and we can talk over it as viewers are looking at it. as the democratic d.a., rosemary lundberg, she has been pulled over, over three times the legal limit of drinking. she was abusive to police, spitting at them. kicking. i had never seen the video. once you see that video, how in the world could you blame governor perry for firing this
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woman? >> well, first of all, he can't fire her, let me say that. what he's been charged is coercion of a public official. if you look at her, she should have been charged with coercion of a public official. the officers that arrested her and the jailors that put her in jail. why wasn't she charged with coercion? david: she was head of something in addition being the d.a., she was head of the public integrity unit. when you see a woman who acts like that after arrested and served time. the liquor record shows she was drinking about $60 worth of vodka every week, this is clearly a woman who needed to be dismissed from that position she was in. that's what the governor attempted to do. for that, he's being indicted? doesn't make sense. >> and he did it in a legal
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way. he made a statement that this person, rosemary lindbergh does not have the character to oversee a public integrity unit. it's being called the no integrity unit. and not only that, she had a zero tolerance policy for dwi's amongst her staff. so for that alone she should have resigned in all good conscience, and rick perry stated that, and then he stated i'm going to protect taxpayers' money that to this office and not put it in this office as long as someone of her character is heading the office. david: now the question is does, all this blow back on the democratic party rather than on rick perry? yes, he will always have the stamp next to his name, but on the other hand, even people we mentioned the "washington post," the "new york times," lanny davis, a democrat, former special counsel to president bill clinton. this is what he said. he said the indictment is a
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perversion of the criminal justice system, a classic case of prosecutorial abuse. i'm wondering will all this come down hard or the democrats than on perry in the long run? >> well, i hope so. because those very people that are now screaming about this didn't make the same screams about my indictment and my conviction by this office, and if i was convicted of a law that doesn't exist in texas. i think much ofemocrats understand that this is such a frivolous attempt at their normal political strategy that they don't want any of this mud on them. because they participated in these kinds of acts in the past. david: your conviction was overturned, of course. a famous guy, a politician accused of something on the front page of the "washington post," and finally when he was excused from that indictment, that was finally put on page a-30 in a little note.
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he said where do i go to get my integrity back? even if your conviction is overturned, if the indictment is proved to be a total farce by the courts themselves, will the indictment charge remain and will democrats try to use it against governor perry? >> of course they will. they'll use anything they can to destroy rick perry, because he's a potential candidate for president. so they'll do whatever they can. this is their strategy. this criminalization of politics to destroy your enemies when you can't destroy them or defeat them at the ballot box. this is a longtime strategy. this particular office in texas has been here for 20-30 years, and the district attorneys of this office have been using it against their enemies, both democrat and republicans, for 20 or 30 years. so this is nothing new.
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and it will continue because unless we can stop them and there are ways to stop them. david: this case is making the whole thing look ridiculous. tom delay, former house majority leader. wonderful to see you. >> my pleasure. david: eric holder is trying to cool things off as the u.s. is taking heat from what's going on there. you won't believe what russia has to say about all this. right after a break. friday night, buddy.
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russian foreign ministry official saying the u.s. should, quote, give up the outdated policy of interference other nations under the pretext of democracy and human rights, to our fox biz all-stars. i've got one word for the russians, ukraine. ukraine. >> ukraine. what is this? is anybody going to buy this as anything but a diversion what's going on in their own country? >> david you say ukraine, i say you've got to be kidding me, vlady putin. not to mention the recent call to ban imports, a violation of the wto where they're having to rely on internal production which they're not ready for by the way and production from latin america which is not anything well. that's putting strains on their own people which is hurting their domestic economy and they're calling us out. that's crazy. david: lauren, you are too
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young to remember, but during the soviet union. >> hey, hey! >> during the soviet union, they'd show the phony pictures of a tiny little apartment the size of the table and say that's where a typical family of four of america lives. >> ferguson is a big deal in this country. it's one small town. you cannot call us racist because of this one instance. should we address it? yes, are we addressing it? yes. in my opinion another, not a microcosm. david: now and the soviet union everyone is plugged in, everyone has a computer. i understand the russian media is controlled by the government. most russians have access, are they going to continue this ruse that we are something we are not. >> they want to continue this. this is how you actually. david: will the people buy it, is the question? >> i think they will. government controlled media. that's going to be the case
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they frame. david: they can't control it the way they used to control it. media has changed so much. >> where is american dominance? can you look at the -- when we hear about the stories, you never heard this 20 years ago, 30 years ago, why is it now we are? it's got to be working. government controlled media, when you have that, that's going to sway public opinion. i get what you're saying, go into the computer and research this themselves, it's not happening right now. >> it's not just russia, it's china and iran and cuba and egypt judging us, our enemies are judging us. david: scott, we're closed to having alibaba list in the u.s. market, should we be copacetic and not listen to what the politicians say? >> business will surmount what the politicians do. you mentioned alibaba, a great
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score for the new york stock exchange in a couple months. a great ipo. but listen, like lauren said, a lot of the countries are attacking us because they're on their heels, especially russia. putin is trying to gain political favor with countrymen, he's not succeeding and so they're trying to come out with reasons for people to hate us. there are a ton of russians who want to come here and work. david: todd, i mentioned this before, alibaba put as the head of film department a guy who used to be one of the chief sensors for the chinese film industry. the mix that a lot of the companies, not just in china but russian companies have with government officials, will that counteract the positive elements of doing business. >> globalization, it comes with the territory, and you have to remember, have you citizens there, have you citizens here. people watch the same media. yes that can be an issue. however, what are we going to do about it? realistically, movies, tv's,
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news, whatever it is. this network for example gets some heat for swaying on one political arm rather than the other. it's going to happen. david: i was talking to a russian who was looking at internet the other day and can get fox news on the internet. there is this kind leakage in through the propaganda screen of putin that may get through there hopefully. we'll leave it at that. were ferguson protests kicked into high gear because of police's riot gear? the response to senator rand paul that you cannot miss. that's coming right up. you mak. it's been that way sincthe day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet
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saying giving excess equipment to the police force is their move and they are not responsible for what they do with the equipment. bill stand agrees with the defense department. explain. >> as i said before, have you someone come to your house to repair your home. do you want them showing up with only a hammer and maybe a ruler? no, you want them to have as many tools as possible. and having these various items of equipment helps the police department go to those things in case of an emergency. david: but the training. i've got a son in the marine corps, he trains for month after month 24-7 on the equipment he has. a lot of police forces don't train that hard, that specifically to this equipment. are they prepared to use it? >> you have to speak to each individual department. you have a s.w.a.t. team. they train, they go through rotation. document to put an m-16 in the hands of a rookie police officer? obviously not. a tool is only as good as the
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person utilizing it. so obviously, yes, if they have the tools, they need to be trained. david: i guess the main point is whether the equipment that we're talking about is defensive or offensive. i mean obviously, we want police officers as soon as you sign the form to register as a police officer, you're taking your life in your own hands. you, you want them to be safe. you want them to be secure in a dangerous environment, but you don't necessarily want them to be using offensive weaponry that is designed to wipe out as many of the enemy as possible. >> well any tool and specific tool police department, from a nightstick could be used for defensive or offensive. that's systemic of anything. so what you're looking at. the last time i checked, the police department was a paramilitary organization. and in today's climate where you have street gangs that have military equipment, where you have terrorists, where you have insurgents coming into this country to do us harm, i don't know about the public, but i feel safer. david: i guess it's in a riot
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situation. by the way, we have seen this extraordinary decline in violence in the united states over the past 20 years. violent crime in the u.s. dropped 48.2%. is that related at all to the extra equipment that they have? >> i think it's an all-inclusive thing, it's about community policing. commissioners like bratton who stress interaction with the community. david: he's the current new york commissioner. >> yes, doing a fantastic job. it's all of those things combined. at the end of the day a bad guy knows you have the tools in the tool kit, they're going to think twice about doing harm. david: is there any risk? do you see risk to the militarization of police forces? >> absolutely. there's always a downside to anything when you are introducing something like that. listen, we've all read in the papers how overzealous sheriff or police department wanted to play with the new toys, and guess what? they should be punished. david: bill stanton, good to see you again. coming up, president obama once
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. >> this has been the most transparent government. the most transparent administration that we have seen in a very, very long time. perhaps in the modern era. >> the most transparent white house in history. >> we have put in place the toughest ethics laws, the toughest transparency rules of any administration in history. >> this is the most transparent administration in history. david: if the administration is so transparent, why is it being sued for not being transparent? right leaning watchdog group cause of action suing 12 federal agencies for allegedly conspiring with the white house withholding documents requested under the freedom of
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information act. my next guests are journalists who aren't surprised news organizations consistently are being stonewalled by this organization. the hills editor in chief bob cusack and roll call's editor in chief christina bellantoney. 68% of americans disagree with the president saying this is not the most transparent administration ever. are they right? >> well, i tell you, if you look at former editor of the "new york times" she called this white house the most secretive ever. if you look back to the health care debacle website problem, the administration, when it was releasing information about how many people had signed up, they really didn't have that information because they were bad enrollment figures, and as the numbers got better. they were quicker to put out the numbers. every administration says it. i will give the white house one piece of credit is that they do release the visitors who come
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to the white house. that should have been done a long time ago. journalists do get frustrated. >> that's in the balance of things, christina, releasing the visitor's list does not compare to how much there's been to actively cover up some of the negative information, right? >> well, i don't know, i would never use the word cover-up, but it's about an appearance of transparency over actual transparency, the visitor's log is a great example. you can pretty much put in a name and search. if you're a journalist trying to evaluate a trend or go through the data, they purposefully have a system that includes every person to ever walk into that building. so that means anyone who is a tourist getting a tour from somebody that knows somebody, that's included with somebody like mark zuckerberg going to the white house for a polmeeting on immigration or something. it is a difficult system to navigate. and i believe that it is.
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david: let's not get stuck in the weeds here. the fact is, bob, this manager has gone beyond what some would say trying to put a spin, a good news spin on bad information. when you talk about what has happened with e-mails in the irs and so forth. there you, you were talking about a situation not disclosing something, not being transparent. there are questions whether there is obstruction of justice going on? >> you talk to people like groups such as judicial watch. the only way you get information is suing the administration, otherwise they won't give youut information you request. on the irs issue, republicans in congress were pushing for lois lerner's e-mails for months and months and months and the administration agreed to do it and some of them went missing. david: christina, you are hearing this excuse for everything that people want to get. you, you hear the excuse for people involved in obamacare right now. this excuse is not going to pass, is it? >> yeah, when you look at the actual lawsuit, they're making
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an argument saying the white house can take privilege for things it was involved in if you're asking for an agency for information. so that is an area where you you are pulling back the curtain in front of things that might have otherwise been transparent because pretty much everything gets routed through the white house, if you request the cabinet secretary to interview them, they transfer that to the white house. there's a lot of shrouding. they allowed a pool reporter to go with eric holder to missouri which they didn't need to do. david: when they're actually involved, if they are, in fact, of obstructing justice by destroying e-mails. that's a whole new ball game. gang, we got to leave it at that. bob and christina, thank you very much, correct me if i'm wrong, aren't stocks overdue for a correction? why this rally's days could be numbered? i had no idea i had shingles.
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. david: in tonight's biz blitz, is this the rally before the storm? usually a market correction happens once a year, it's been 1,052 days since the last big correction, should we expect this run-up to end and end soon? back with our all-stars, scott, todd and lauren, scott, is it coming? >> probably coming at some point but not coming as soon as you think. if it does come soon, then guess what, this is the biggest correction we've seen that's been forecast in the history of the markets. we always know it's the corrections you don't see that hit you the most. bond rates at all-time lose almost here. below 2.5% on the ten year. stocks are the only game in town with rates so low you. >> hit on it. that's exactly it, todd. as long as you have interest rates at zero forced at zero and inflation at 2% above that.
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it's eaten away. >> stocks are obnoxiously low. this stock market is not stopping any time soon. we went through a brutal first quarter. a minus 2.9% gdp, polar vortex, geopolitical events taking place, yet the bear market keeps going on. we haven't had a 10% correction in ten years and not going to happen this year. david: what do you think, lauren? >> i think it's going to happen but not soon. we have a rally, it's summer, we're still in an up market. david: volume is low but keep hitting the record highs in the indexes. >> it's not a drastic pullback where it's going to kill the market, it's slow. david: as long as interest rates are below inflation, i think there is no place else for the money. issue number two, big changes to twitter's privacy policy. twitter users photo shopping images of robin williams after his death to the point where his daughter quit social medial together. now twitter changing policy
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saying in order to respect the wishes of loved ones, twitter will remove imagery of deceased individuals in certain circumstances. lauren, they have 271 million users, they're going to -- if they review every single death that comes in, they're going to be reviewing from now until eternity. >> this is corporate responsibility. people can be awfully mean. i'm here with three men. i guarantee you, you the comments i get on twitter are more nasty than the comments you get. david: my comments are pretty nasty. >> sassy about it, guys. >> i don't think we're doing this today. [ laughter ] >> the point is, i'm wondering, scott, how they have enough people to go through all of these requests, because each one they say will be reviewed independently, with all sorts of certification of death and everything else. >> yeah, and all the people that make fun of my hair on twitter, i'm coming after you, and hopefully twitter is too, lauren. they're not complimentary.
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twitter can do whatever they want. they can sensor stuff in the user agreement. same with youtube, users were reporting people before they saw it, the youtube people. there's going to be censorship and if it affects people in a negative way it's going to be more positive than negative. david: todd, what do you think? >> all the social media sites do not exist without content. there is a fine line with how much they delete off of the pages. >> i left a little extra time for number three. i love this subject. i think it's the new economy versus the old economy. issue number see there taxis still trying to drive uber out. now with president obama's former campaign adviser david plouffe on board, uber has a better time fighting regulations in the city halls and inside the white house, and still a long road ahead. taxi commissioners still want to take uber out, so todd. isn't this crony capitalists, the big taxi owners who have
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connection with city hall trying to overcome uber? >> 170 cities. >> think about. this for a company like, this it's a category killer, and this is where the taxi commissioners have to evolve. they have to do something, they have to have a joint venture or some other thing. they have to stop uber. david: lauren, taxi commissioners are supposed to work for the public, who are they protect. the passengers in new york are getting a lousy deal because it costs a lot of money. dirty cabs as opposed to uber which are clean things and can you negotiate on a price. the drivers of taxis are not protected because they're mostly immigrants who don't particularly like their job. who are they protecting? the small elite of owners of the taxis who have the connections and hooks into city hall. >> the people who own the medallions of the cab companies. they have to modernize. uber, 18 million dollars is the valuation at this point.
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they're doing everything in their power to fight back. that's why they have plouffe. i'm assuming he's getting a big payday for signing on. david: plouffe is a democrat, and democrats have most of the connections in city hall, and they're the ones that are probably trying to put off all the uber type of -- not just uber, there is the other one, what is that called? lyft, airbnb. we have the bus services, luxury limos. they're getting heat from city hall, scott? >> david, same with airbnb, a hated target of the dams as well. which goes to point lauren mentioned. 18 billion dollars valuation the most valuable start-up and disrupted technology, but guess what? there's demand for it. if it wasn't good, if it didn't work, consumers wouldn't use it and they love it. david: the new economy. the great thing is it flies in the face of the protectionists,
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monopolists, todd, kind of movements that we have that have sort of perpetuated the worst of capital. worst of crony capitalists. >> like i said, they're doing something right. they'll be in the markets and other markets around the world. i honestly don't see how the taxi commission they're actually going to stop this. like scott said, it is popular, people are using it. if it didn't work. david: who wins, lauren. do the ubers of the world win or is it the protectionists in city hall? >> uber is going to win here, lyft and the others are going to win, i can get a yellow cab any time i want now. i bet you i can get a yellow cab on new year's eve. >> uber might win but taxis can win, too. taxis were such monopolies they can treat consumers like trash. now they can't. david: scott, todd, lauren, gang, thank you very much. good to see you, and thank you so much for watching. keep those tweets coming in,
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