tv Cavuto FOX Business September 16, 2014 8:00pm-9:01pm EDT
8:00 pm
more good news -- it's friday! woo! [ male announcer ] ship a pak via fedex express saver® for as low as $7.50. . neil: last week, he was keeping an eye on it. now president obama says he's sending 3,000 military personnel to west africa to fight it. we're not sure what elevated ebola to full-blown crisis of the white house that it is. and the government that up to now considered lacks even dismissive with regard to anything ebola has to be very concerned ebola is not just africa's problem now, it is ours, it is the worlds. it is scary. welcome, everybody, i'm neil cavuto. better late than never, is the administration so late to
8:01 pm
responding to the ebola plague, good luck being the better. especially since it killed 2 400 in west africa and the world health organization fears it is spreading fast. maybe ebola itself, dr. scott gottlieb was an early critic of official responses to all of this saying we had to get ahead of this and now. he says if the white house is going all-out because there is indeed a risk of this thing not only mutating but maybe going airborne. doctor, very good to have you back with us. >> thanks. neil: i'm wondering maybe all of this is in response to a very well-written column you had not too long ago i think in the journal where you outlined the issues at stake here. are we responding now too late? >> not too late it. certainly is a robust response. you get the sense we're playing catch-up. for example, what we announced today are resources going into the country of liberia, the
8:02 pm
virus spread well outside that region, we need to consider all of western africa and flood with resources, liberia has been stricken very hard but the other countries need the resources as well. neil: something is off on the math here, when they looked at this as a half a billion-dollar contagion. recalculating what? higher casualty estimates, what? >> the world health organization has done a poor job measuring not just the scope or the initial outbreak but the continued spread. seems to be spreading much faster than it has in past outbreaks. two additional infections, and that's a higher infectivity rate. we're basing policy off that information in the field. we would hope the cdc is on the ground developing models, we're going to start to get a better
8:03 pm
handle on this. neil: all the fears that this goes airborne, all bets are off on that. what do you know about prior contagions where it jumped that line? >> still unlikely a virus would mutate in a way we change its mode of delivery, it would become an airborne infection the same way as flu but such a catastrophic event, if it happened in this case, it's not one you want to take and why you want to get control of. this the reality with ebola, you get exceptive mutations. the virus is very sloppy and leads to a lot of changes along the way, so you are going to get excessive mutations, you have a high viral load. so that leads to more mutations per inspected individual. every time someone is stricken with this, you get the chance you get migration, and that might be occurring. neil: all right, we're told all the time this is pretty much contained in the african continent, no need to concern
8:04 pm
ourselves, even a number of african airports reopen. and i'm wondering whether they're getting ahead of themselves? >> there's a continuum of talking about the virus changing, a continuum of change that it can undergo. between what it is now and what it was in becoming a full-blown airborne infection, there's a lot of things that can happen. for example, one of the reasons the virus doesn't spread through air particles, it affects the livers of patience not the lungs. if the virus lodged in the lungs of infected individuals, that could lead to more widespread droplet transmissions, so there's a lot of things that can happen. we know the virus is mutating. we have studies that published to show it's mutating. we don't fully understand how it's mutating. for every new infection you're seeing more people get the virus than in the past. it's in cities where people are
8:05 pm
closer proximity to each other or the virus is more contagious. neil: that's worse, it's clearly gotten out of the remote villages and therein lies a real crisis if it gets out of hand there, right? >> right, this is at the point. the cdc director, take his word for, it said it's at a tipping point. and the president used very bold language, bolder than i've seen the cdc director use in the throes of the contagious threat. neil: you're the expert, when people are measured in response, they are in legalese, something prompted a dramatic 180? >> right, we hope it's enough what the president is doing right now. it's certainly a bold response, the world isn't doing what it should be doing. the united states stepped up with a big effort. other countries at europe are at more risk than us and not doing as much. neil: thank you, good seeing you again. 3,000 troops fight ebola,
8:06 pm
former verizon ceo says that doesn't add up. very good point. >> thank you, neil, i hate to sound cynical about this, but one of the things that goes through my mind is, is this president once again trying to change the focus of the media onto ebola from all of his problems with isis and his domestic problems? he has a history, no matter what it is, the va scandal, obamacare, immigration, i could go on and on, about how, when the media hangs on his problems, he attempts to flip things. so my question is -- by the way, neil, i do not want to downplay the importance of finding a cure of containing ebola. it's a tragic disease. on the other hand. neil: does it warrant this kind of response, do you think?
8:07 pm
especially the administration we knew said it didn't. >> how can we send 3,000 troops to combat ebola and half that many or less to combat isis? neil: because with isis, they are confident they can deal with air strikes, you can't do that with ebola. >> a lot of experts said you can't do it with air strikes. further on the ebola. why is it in west africa we don't need a coalition of international countries to work with us to solve the problem, and yet we need the coalition in combating isis? i don't understand. neil: the president said he hoped to get a coalition to address, he didn't use the words, we'll lead the way on the ebola thing. the immediacy of the response and the tardiness of not only addressing isis, of ebola,
8:08 pm
acknowledging a crisis along after a crisis. as a ceo, do you think that's risky leadership? >> of course, it's risky leadership, neil. there's no question in my mind. what comes to mind also for me is, is this a half baked plan? if we're going to have a plan, a strategy, let's make sure, we're told this president is so careful about what he does, why are we so careful about isis and all of a sudden we have flipped relative to ebola. a couple of -- neil: we flipped on isis. the jv team doesn't worry about them, they're a threat, we want to obliterate them. we're in a war, not in a war. ebola. >> seems to have taken a lot longer to address the isis problem than the ebola problem. that's where i go to my cynical self. neil: you don't know what's coming next because you don't
8:09 pm
trust the leadership? >> i'm sorry to say that there is a history that has been built up over time of distrust, and where we see this is, at least in large part to me is constantly trying to change the focus of the media off of his problems and onto another issue. why do we always have to look at things through a political prism? why don't we try to do number one, what's right for the country and for our people, and number two, if you will, what's good for politics. neil: all right, and then you woke up, right? [ laughter ]. >> and then i woke up. neil: good to see you my friend, former verizon wireless ceo. when he was running that company, you kind of knew where he was coming from. fighting terror by scanning faces. the fbi has this hot new technology that can recognize any one of us, tens of millions, sometimes an eye, mouth, nose, and then you're in
8:10 pm
8:11 pm
new york state is jump-starting business with startup-ny. an unprecedented program that partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov [ female announcer ] we love our smartphones.
8:12 pm
and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, if hp big data solutions can keep wireless customers smiling, imagine what they can do for yours. make it matter.
8:13 pm
. neil: this is why i love the judge so much. he goes against the grain, and raises his hand and gives you a warning when he sees everyone in the middle hooping and getting excited about something. this latest technology where the fbi can recognize your face, anyone's face, virtually anyone in the country's face. sometimes all they need is an eyebrow, a side view, whatever, they can reconstruct that, relate it to a database, maybe you're in there with hardened criminals, and all you did was stop by a starbucks. that's the kind of stuff that worries the judge because this technology that allows a supposedly to be kept safe can also safely bury our liberties in the process. the judge with me now. scary stuff. >> yes, and it's a very nice and flattering introduction. i appreciate it. neil: you have been warning about it. >> we have to keep raising a flag here. the constitution has baselines
8:14 pm
in it. a bar over which the government must jump before it can start any investigation or keep any records on anybody, and that baseline is called articulable suspicion, a legal phrase meaning that the police can state in words what an individual has done which is inconsistent with the law. when they don't have articulable suspicion and investigate somebody or collect records on them, they are violating the constitution. without this bar of articulable suspicion, we become like the stasi in east germany where they can investigate anybody they wanted. with this bar, we stay free from the government which has a danger of expanding in power. you might say, well, this bar, this thing on the constitution is an impediment to efficient police. yes. it's supposed to be impediment. without the impediment we are a
8:15 pm
police state. would we be safer if the police could take pictures of anybody? knock down any door? arrest anybody they want? yes. who would want to live in a society like that? neil: if you've done nothing wrong, you have nothing to worry about, you say what? >> worry about your dignity and personal self-respect to expose yourself to the government, to allow the government to take pictures of you and do anything they want with the pictures. neil: apparently 25 million now it will contain 52 million. >> you weren't kidding when you say you go starbucks, when you go outside the building, there are no doubt people from the government prepared to take pictures. they match eyebrows and eyelashes and teeth and smiles. >> they can reconstruct it later? . >> i doubt it if they intentionally do it for you.
8:16 pm
they don't have the bodily features to reconstruct you. neil: if you do it falsely, then that's a whole other can of worms? >> they are not permitted to store information about an individual or commence an investigation about an individual without being able to say ahead of time what the individual did wrong. neil: but they are? >> correct. neil: and no one stops them post all the revelations. >> correct. congress never authorized this. neil: are they their own little police. >> the original abuses came to light and the president said nothing about them which says wow, this is a separate little kingdom going on here? >> many fbi agents are the reason we are free, there's a hierarchy in the fbi which will not hesitate to cut corners to make the job of the agent easier if that means to lessen our freedom. this is another example of that. neil: you were a fine judge, and i'm sure many a decision you made might have been based
8:17 pm
on proof or image or something was provided that provided unequivocal proof that the person accused was at the scene, and it might have been involving a street cam or something like that. neil: look, if they take a picture of a fire and the arsonist happens to be in the picture. >> there is no problem with that. if they follow to you take pictures of you and reconstruct your face and pictures of your eyebrows and eyelashes without believing you have done anything wrong. neil: judge, we have this taken from the street cam, this guy walked by, thank god for the street cam. later in life you will come back as an analyst. this is the means by which we got this bad guy. >> better than 1,000 guilty men go free than an innocent people go punished. and better that 1,000 guilty people go free than people
8:18 pm
rights violated by the government. madison and jefferson and hamilton would be turning in their graves if they know the government they established would be doing this to us. neil: god, with the wigs and everything out. >> that's why they wrote the fourth amendment to stop this stuff. and unless they prosecute somebody on the basis of the picture, no one is in a position to challenge it. neil: i'm going to put you down as a maybe on the new technology. [ laughter ] >> do they have pictures of your facial and bodily image? neil: well, i'm all over the internet. usually i find a ponderosa. i'm all over the internet. the biggest ipo in human history. here's the thing, we're not pulling that off, china is. who says these guys don't know a lick about capitalism. let me be the first to remind you, they're teaching us capitalism. sfx: opening chimes
8:19 pm
sfx: ambient park noise, crane engine, music begins. we asked people a question, how much money do you have in your pocket right now? i have $40, $53, $21, do you think the money in your pocket could make an impact on something as big as your retirement? not a chance. i don't think so. it's hard to imagine how something so small can help with something so big. but if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge sfx: crowd cheering might not seem so big after all. ♪
8:20 pm
it hurts. you doin'? this is what it can be like to have shingles. a painful blistering rash. if you had chicken pox, the shingles virus is already inside you. as you get older your immune system weakens and it loses its ability to keep the shingles virus in check. i just can't stand seeing him like this. he's in pain. one in three people will get shingles in their lifetime. the shingles rash can last up to 30 days. i wish that there was something i could do to help. some people with shingles will have long term nerve pain which can last for a few months to a few years. don't wait until someone you love develops shingles. talk to your doctor or pharmacist about your risk.
8:22 pm
. neil: you know at first blush you think it's a character out of aladdin, alibaba, the e-commerce giant going to be the biggest stock option offered. forget it can raise 25 million bucks and valuation close to 70 million bucks. if alibaba pulls this thing off, its market cap leaves amazon.com in the dust. think about that. in communist china eating our capitalist lunch! well fbn's jo ling kent why you should care about alibaba, lining up interviews with all the principals and we've got this guy, yes, you know him.
8:23 pm
a fox business alert. [ laughter ] >> no goatee. neil: charlie gasparino is here, sans goatee. before we get to the news of the moment, why did you shave it off? >> my wife let me see slash last night, the ex-guitar player for guns n' roses. marriage is about giving and taking. >> such sage advice. neil: i'm not getting rid of it, i'm not getting rid of it. >> you are engaged. >> i'm engaged. >> should i be taking notes? >> all about compromise with the significant other. neil: it's shaving. >> charlie gasparino marriage counselor! >> he took a lot of grief because people thought he looked french. >> as you get older, you will understand what i'm talking about. neil: here we are with alibaba. have you all the principals, the head of it, former teacher,
8:24 pm
right? >> yeah. neil: big, big money almost too anticipated. are they worried about it? >> seems they are approaching it in a very measured approach. the shares were repriced, up and arranged from 66 to $68. neil: you don't often see that this late in the game. >> you don't, and may see increase thursday night before it starts trading. reason people need to know about the stock and the company is they're doing such incredible business in china. dominating 80% e-commerce there in china. there are risk factors that go along with that. you have the chinese government, if they change the rules about e-commerce or logistics, that could change their mind. neil: or speaking mind on the web. >> they don't specialize in too, too much media. >> they could expound on that. >> especially in the third and fourth tier cities. what's so interesting about
8:25 pm
alibaba, it is the story the chinese government wants to see succeed. that is one of the biggest factors driving why could this be a stock that you could potentially invest in for the long-term. there are certainly risk factors involved. neil: the nasdaq isn't getting a piece of it? >> i'm very skeptical about the stock. neil: you were skeptical about jesus. >> but more concerned about this company. the company i've written about a column on it, it basically says we operate under the sort of -- under the auspices of the people's republic of china. the communist party runs our economy, and a very direct way, we are open -- you. >> could make that about any company. >> yes, this is the biggest. this is a big deal and i would just say this. if you buy a share of this
8:26 pm
stock, you are betting on the chinese government doing the right thing. this is a government -- >> it has the handsoff approach. >> no. >> for hong kong, that situation is changing rapidly right now. the chinese government said they may allow free elections for 2017. there is no doubt the chinese government has a major influence. alibaba represents a lot for the average chinese consumer. neil: wouldn't you want to encourage that? >> that would be the logical incentive. but like you said, risk factors are numerous. >> they've been changing the rules mid game a lot with the companies. remember what you're buying here. neil: a lot of american companies say the hell with it. >> think about the corporate structure here, alibaba created a structure where it's selling shares from a bermuda-based company. cayman islands.
8:27 pm
>> that company itself is a crazy corporate structure, alibaba is insane corporate structure, i'm not saying it's enron, it's enron-esque. u.s. securities lost control of that corporate structure. neil: you are saying bottom line the investors -- >> this stuff in china which the revenues flow to that, is controlled by the chinese government and they have canceled licenses with these type of entities. neil: cut to the chase. you're saying going into this, investors are going to get burned. >> here's the thing, from a practical standpoint, sharing are going to shoot, it could be priced at $70 a share. >> very possible. >> no retail float on this. neil: not good long-term. >> the small investor is not in it. you're going to see the stock spike, they're going to sell to retail in the secondary and it's going to go down, and i can't tell you how far. neil: if investors are down on facebook when it tumbled, they are richly rewarded.
8:28 pm
>> they sold more retail. >> fair, but if people get to know the company and see the verticals. they may reassess it than thinking it is a behemoth. >> i think if people understand this company, they will stay away from it. it is complicated stuff and chinese law. you are beholden to the chinese government not the u.s. government. neil: two quick things, will alibaba do well? >> i think you will see the spike in the stock. >> it's going to spike. >> the attention is heavy. neil: and secondly the goatee, yes or no, with or without? which looks better. >> you know, i think without. >> you are interviewing jack ma, that is an amazing interview. >> thank you, i look forward to it. >> he doesn't talk to anyone. you never know, you never know, here's the thing about jack ma, he is as close to a rock star in china entrepreneur as you can get. >> started out as tiny
8:29 pm
apartment and now it's this -- >> congratulations, good guest. >> thank you, looking forward to having him on fox business. neil: you better not screw up. >> whatever. neil: coming into work monday is debatable. never know. adrian peterson back in the lineup and big money is backing him. find out one sponsor fleeing and why many more could follow?
8:30 pm
know that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight.
8:31 pm
a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today. i wish... please, please, please, please, please. [ male announcer ] the wish we wish above all...is health. so we quit selling cigarettes in our cvs pharmacies. expanded minuteclinic, for walk-in medical care. and created programs that encourage people to take their medications regularly. introducing cvs health. a new purpose. a new promise...
8:32 pm
to help all those wishes come true. cvs health. because health is everything. cvs health. neardon't have enoughople food to survive. we can't let this happen. there is something we can do about it. please join christina aguilera and yum! brands in a movement to fight world hunger by supporting the united nations world food program. to donate, go to hungertohope.com or make a text donation right now. your contribution will feed children and save lives. together, we can stop the dying and start the living. and together, we can move people from hunger to hope. . >> based on the extensive information that we have right now, and what we been adrianne not only as a person, but what he has also done are in community, we believe he deserves to play while the legal process plays out. neil: minnesota vikings running
8:33 pm
back adrian peterson reinstated after a child abuse charge. look at the video and not focus on the minnesota vikings guy. after that announcement, the hotel chain is suspending sponsorship of the vikings, and with the running back star in legal trouble, should we expect both? you have a host of fortune 500 companies in the same situation. jonas, what can we expect? >> i would expect, this case is a little specific to this company. they are privately owned by a family that wins awards for being anti-sex trafficking. they're the least tolerant of any behavior, which is owned by carlson. i would expect nike type of sponsors not to fade out quickly. any family oriented sponsors are going to start dropping.
8:34 pm
the upside versus the down side will be a sponsor. you see like the twitter stuff with the cover girl photo shopping. no one wants their brand tossed around, even with nonfans like that. there's loyal fans you could lose by doing, this some of the companies are going to drop and maybe not beer or fast food companies. neil: a reminder how any bit of bad publicity companies don't want to be associated with it. >> that speech from spielman, they can't have the speech after friday. the vikings fuelled this crisis, they put their sponsors in a bad place, they put the nfl in a worse place. and with five days left until game day, i'm telling you i don't think adrian peterson is going to suit up against the saints. neil: turns these things, right, hadley, when the sponsors and the money are compromised, are we at that point? >> that's right, money talks, money always talk, with the
8:35 pm
radisson they are totally justified in their sponsorship. neil: to jonas's point, if he hadn't been speaking and make the statement of support in front of a radisson sign? >> i'm not sure, i think the sign was very important. i have a hunch that radisson heard from patrons, supporters, customers they don't want to see the radisson logo affiliated with a conversation about alleged child abuse, the banner behind the specific conversation about adrian peterson's behavior, about the alleged child abuse is a big part why the incident took place. neil: a company like radisson and the others then backs out because they don't want to be associated with it, they back out of something that brings eyeballs and loyal, every city has loyal fans, the vikings are notorious for it. >> the whole reason for doing the multimillion dollar sponsor is to recognize your brands, whether it's nfl and to lose
8:36 pm
that audience because a smaller audience is outraged who is not a fan of that sport in any cases is a risk you have to balance. >> and the brand that's at risk now is the nfl because the pressure from activists on the nfl is going to be ratcheted up. i think the nfl the pressure the vikings to reverse their decision again. neil: all right, controversy will not sell. should homework be outright banned? one school ruled it out. a pair of moms here to debate it now. she inspires you. no question about that. but your erectile dysfunction - that 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 approved to treat ed and symptoms of bph, like needing to go frequently or urgently.
8:37 pm
tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. with up to 27% more brush movements patented sonic technology
8:38 pm
get healthier gums in two weeks guaranteed. philips sonicare discover the brush that's perfect for you. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week.
8:39 pm
8:40 pm
this is teaching kids a lesson in laziness. or is it? it's teaching the kids a horrible lesson? all elementary schools should ban homework. why? why? >> this is my take on it. i think that all schools should get rid of homework. the reason is i have a 10-year-old and a 7-year-old and i know how hard they're working during the day at school. when they come home. neil: how do you know? . >> i know. i see the report cards and teachers. they're not partying in school anymore. it's not even enough recess for the kids. bottom line they're in school all day. very rigid curriculum, they're learning from the tests and children need to be children and need to unwind. neil: this goes up to the second grade, right? >> yes, it does. neil: they're considering pushing it up to the fifth grade. up to the second grade, what are they going to miss, finger
8:41 pm
painting? >> they need to work independently. homework is a great way to do that. neil: you think it's a lot of homework? >> not that much in kindergarten and second grade. >> an hour of homework. neil: they keep their little asses in there 12 hours a day, and another whatever hours of homework. >> by the time they come home, they are shot, exhausted, and the last thing they want to do is do their homework. neil: what are they going to do instead? >> let's talk about activities. i let them play. outside, running around, sports activities. if it's painting, whatever it may be, it's important for children to have the outlet after school. and not have to feel forced to do that homework. >> here's what we're talking
8:42 pm
about. if it's up to what kids want to do, they'll be eating candy for breakfast, they won't go to bed and maybe do nothing for the rest of their lives. i am so sick of hearing the hippy parents talking about what their kids want to do. neil: you think it will be a quality of life issue that will improve their disposition, performance at school. >> neil, absolutely not. >> because, because, we're in a competitive world and these kids need to learn. neil: you talk about that when chinese and south korea! you let down your arms. >> i just know from firsthand experience when the kids come home, the last thing they need to do is hours and hours worth of homework, when they had a whole day in school. >> i believe in a traditional education, i have my children in a progressive school and got them into a traditional school where there's homework and desks. neil: how much homework are
8:43 pm
they doing? >> my 11-year-old daughter gets an hour's worth of homework, it's getting more because these in sixth grade. she's very independent, working on her own. my son who department is like to do homework, it teaches him to work independently. neil: more of a chore for him. >> what about a happy medium. what about finding a happy medium? what about having the kids come home from school, doing what they want to do, unleash the angst they've had all day bottled up in school, and giving them a little homework, but not hours and hours worth of homework they've been giving them. neil: you want to surrender world leadership as a result? >> i'm not saying that. >> homework is good, neil, when they come home, i can see if they learned it. if they didn't, i can go over it with them. >> what about the parents that can't be home during homework,
8:44 pm
no one knows what is going on. >> we should abolish all homework because there are parents who don't want to help their kids with homework? that is ridiculous. they can finger paint until they are in 12 grade! [inaudible]. neil: plenty of time to get homework at school when he's on detention. >> but the public school has to give homework to kids. if you don't like it, put them in a progressive school. neil: you don't want to surrender america but she's perfectly fine with that. >> i'm not saying. that homework should be taken a little step back. >> work, work, work, and i don't feel bad about it. i just don't. >> i do. i see the kids at the end of the day. they're tired! >> yet another reason, another reason kids or adults that we
8:45 pm
unlimited cash back. let that phrase sit with you for a second. unlimited. as in, no limits on your hard-earned cash back. as in no more dealing with those rotating categories. the quicksilver card from capital one. unlimited 1.5% cash back on everything you purchase, every day. don't settle for anything less. i'll keep asking. what's in your wallet? no. not exactly. to attain success, one must project success. that's why we use fedex one rate.
8:46 pm
8:48 pm
. neil: it's one of the things we're doing pretty well in this country. we have a lot of energy and are producing a lot of energy, a bit of a boom going on. the thing is it could be a bigger boom. and the more you take a look what's going on abroad, the more you would think we'd be focusing on maybe being boomier, billionaire wilbur ross says we should be doing that, we're not at all, are we? >> not at all. and not freeing up the experts. they're finally letting the export oil condensate which is
8:49 pm
a lighter version of crude. but we still can export crude, and they're being very, very slow granting the export licenses. neil: why is that such a bad bugaboo? >> it has to do with combustion of fossil fuels. >> if you look at europe, russia shuts down everything, we'd be doing good? >> the strange thing is american coal is exported to europe and burned in the utilities there, because natural gas prices are very high there, coal prices are lower here in the states. so the coal that's being pushed out by the epa is still being burned, but just being burned. neil: for somebody else, somebody else. while i have you here, i'm curious about isand its oil money, i'm told they get anywhere from 2 million to $3 million based on oil lands they've conquered and wealth they've gotten and trading on
8:50 pm
the black market. who's buying it, do you know? >> i don't know, once oil gets to a vessel and a port, it doesn't have a label. neil: hard to track it. >> it doesn't say i'm iranian oil. neil: isis oil. they have a lot of money so the argument is that that makes them the bigger threat and what's going on in the middle east, such a huge issue for us. you would think the better part of the dollar would be we don't know how things play out in that world. we are beholden to that region of the world and maybe it's best we not be as much? >> not beholden to them and not beholden to russia. part of the reason that the european countries are having such trouble dealing with any kind of big sanctions for russia is they're dependent on russia for natural gas. if we authorized, if our government authorized our companies to export the lng,
8:51 pm
two things would happen, price of natural gas would go up here, down in europe. more importantly, they would not be 30% or so dependent on russia for gas supplies. neil: when you hear the administration pushing climate change going through. this we had a number of ceo's saying you're punishing the one thing we have in abundance and upping the price, and the utility bills americans will likely see, do we not see the terror threat? do we not see the real energy threat? do we care? >> everybody in the energy industry is seeing it. and a lot of american consumers are starting to understand it, mainly seems to be the administration that doesn't understand it. neil: do these late responses to isis, to things like ebola and all, trouble you, that they're just behind the 8 ball? >> seems clear they have a terrible time making up their mind to take any kind of
8:52 pm
concerted action. neil: what does that say? >> a void of leadership to me. neil: we have two years of this, with isis, it's not going to end well? >> i don't know there's a good ending with isis in any event. what tracks me the most is nobody saw isis coming, nobody saw the ukrainian coming, we never see anything coming. neil: we're good at reacting. >> at best we're good at reacting. but to take two weeks to say you're going to put some sanctions on 11 oligarchs is a joke. neil: interesting. wilbur ross, good to see you again. >> good to see you. neil: urban outfitter caught a lot of backlash for this eat less t-shirt, you would think it would have learned a lesson, then this sweatshirt comes along and outdoes that one. out of control.
8:55 pm
know that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today.
8:56 pm
neil: sometimes you just repeat stupid. urban outfitters apologizing again for that. 129-dollar blood red stained kent state sweatshirt that reminded a lot of folks of what happened there in 1970 when the national guard shop and students and urban outfitters apologized about this thing that he knew nothing about the events of that day. so how is that produce without anyone raising so much as a red light reign so really? >> come on, this is just beyond banks. they try so hard to be ironic and they made mistakes that this before like a t-shirt for women
8:57 pm
that say he lacks order other shirts that look like a star of david and this is not just a company that tries to push the envelope on a the regular and often they push it too far. that is the situation with this kent state university's fletcher. >> we really don't know what has happened. you'd think that they knew about it. and they don't know about what our nation's history is all about, they're trying to walk the controversy line. but it's a fine line to walk when you get into a mess like this. >> this is not a mistake but a market strategy because of who they are appealing to you. it is a 3 billion-dollar
8:58 pm
company, 18 to 23 year olds with this edgy style. they are using social media and that is where they learn about these styles and i think it is a strategy. >> that was the goal, probably, and they succeeded. neil: we have a big off or on ally bob at the end of the week. showing that ceos are not interested in so mark, what do you think? >> these ceos don't like what they see. they have a crystal ball into the future. and the markets are too uncertain. do you think any of the boards look at them and say give me this growth?
8:59 pm
in america, that is what we've got and yet we are the shareholders of the united states and we are tolerating this. so they know that we are looking ahead. we need to change this in november, by the way, and i think that this will help to fuel that. but these ceos are looking ahead and they have good reason to be upset. >> specifically about hiring, the brand came out and said we are not enthusiastic about hiring abroad and they are concerned about policy uncertainty at home. that's not surprising. we've seen the white house unilaterally delay the employer mandate. and there is the uncertainty of immigration policy. >> interest rates will probably stay low.
9:00 pm
neil: that will do it here today. keep the e-mails and tweets coming. in the meantime, have a great evening. kennedy: it was two of our nation's top military strategies taking to capitol hill today working or congress. the objectives are bait, the allies are nameless and no one has made it is vision yet to decide what we are doing or how we are going to do it. we have decisive campaigns in the middle east that have obviously not ended well. how can a shoddy plant one do any better? we have to d
90 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
