tv Cavuto FOX Business September 27, 2014 6:00am-7:01am EDT
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weekend. neil:'s night on "cavuto," is isis among us? the subway terror plot prime ministers say is real but they have a tough time believing. they are not worried, but should you be? and if the fbi's getting annoyed at apple and google for not sharing what they have with law enforcement, should eric schmidt be? eric schmidt is here. and for all you iphone 6 plus buyers, should you be getting the spend out of shape? not after at how you how few of these phones are getting the end out of shape. and farewell, the last decent role model in sports has said goodbye. say it ain't so, joe.
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and say this is so, kind of like all americans are winning the lottery and it is happening now and it is happening everywhere and i am betting it is going to put a smile on your face. welcome, everybody, i am neil cavuto. he reported terror threat we may all face and an angry fbi of all things slamming google and apple for parenting not doing their part. what has the fed fuming is all the phone data they are not sharing. here's what has fbi director furious. apple and google are marketing or will be marketing phones that you cannot hack. the latest smart phones are so smart their encryption so secure even with a search warrant law enforcement officials cannot penetrate them. it is a matter of national security that they be accessible. especially with the heightened
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terror threat these days so is that his way of saying google and apple have a patriotic duty to do what he says or else? to the author of "how google works," executive chairman and one of the worlds richest individuals, eric schmidt. what do you do when the fbi, i think it is kind of threatening but i could be wrong. >> the fbi has a legal process called the patriot act that allies court to get whatever it needs and we always cooperate with those things. i am not sure what else they're asking for, but we want to make sure it gets there, but has to be through a lawful process. neil: they are saying even if they were to get the phone to a lawful process even with the phone in hand, you made technology so advance they cannot get into it. >> that is only true if the user has their own password. if it was known to google, we
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would give it to the fbi. neil: do you know it is going to be very difficult to do? >> because of the attacks on the servers the last few years, all the technology companies have moved to very strong encryption. so our position is pretty straightforward, we follow the law, there are people and so forth, but encryption is there to be sure no other person gets active to that. >> do you worry looking after the customers or users now you have the government angry at you? >> nobody wants to harbor terrorism or do any of that. i disagree with the premise. we actually publish such request 10,000 per year.
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maybe we should do more, but has to be through the legal process. neil: what concerns me with these companies is their marketing something to allow people to place themselves above the law. >> that is certainly not true. neil: you would be cooperative in that we need this information? >> absolutely. neil: it comes at a time with the heightened terror threat. i have subscribed to the belief anytime this threat people think privacy concerns put them in the back seat and everything people were going crazy about, they forget. >> what i worry is the terror threats will distract us from building a fantastic country, investing in our future, all of that kind of stuff.
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i would much rather have us as a nation making america stronger, people, education and gross domestic product in exports and all that kind of stuff. neil: whatever you're doing has gotten news corp. including "wall street journal," others with saying what you are doing is a gateway for pirates to spread malicious networks and you are contributing to the problem. >> he published the response to that point by point. say the two countries disagree. in google's case our products are generally free, it is very hard to respect, copyright and we have many monetization opportunities for partners like fox. neil: what he wants to bring if you are the big boy on the blo
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bloctrying to squash competition this area. >> that is also not true. when the characteristics of google is we worked very hard to have a large number of areas be a part of the ecosystem, large amounts of money going through the players and fundamentally we don't agree with these assertions. we worked for three and a half years to come up with a settlement that they have asked for additional requests from google and we are evaluating that now. we have tried to accommodate them. neil: going back to thinking about microsoft at that time, the big threat, is google that today, and do you feel constantly under the microscope as result of this? >> google is under the microscope because we're in the information business. was we presented, which should
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be taken away, the right and all that. the fundamental difference is the internet does not allow companies to block access. core strategies to make sure software would only go through these channels. the internet is so open. neil: you can really track anyone and everyone. >> we don't track anyone and everyone. when these claim your high-tech nsa, what do you say about that? >> they're doing it of the relative comfort. the fact the matter is they did not participate with the u.s. government invading the privacy
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in any way. in fact, we know from the edward snowden revelations that the british version did in fact look at eternal data between the servers. we have now fully encrypted our systems. with such a strong reaction as a company the data you use on google is now encrypted on the hard drives as well as between a lot of our servers. neil: was changed from when you first join the company, the google guys were looking for stature and respect. now it is just this huge human a lot of people admire and a lot of people fear.
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did you think google has gotten too big for his britches because it in denver's these things? >> i was completely wrong, i thought search didn't matter too much. so google has been a company of enormous surprise for us who are fortunate to join early. how do you manage hypergrowth? what type of employee want to nurture and promote and how to recruit. one of the things we say is at the end of the book many companies would worry about a startup, review this has fantastic. the ecosystem of tech built in the united states, a network for freedom, export for empowerment, enormous motive jobs, not just
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google and facebook but another one and another one. a great american story. neil: everything you do gets people's attention. i guess remembering back to what you are saying about an organization, yo the question te commitment, just climate change and all. we want no part of you. in fact he did next level to say if you do not recognize it as a serious problem, you are lying. people can respectfully disagree on this. >> i think it was in artful of me. climate change is very real. it is very real. neil: there are many who disagree. when you and i were younger,
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there were the front page stories and that was the consensus for the community then. >> many, many thousands of people have analyzed this at great length, climate change science is happening and i would encourage your readers to study it. neil: they were saying the same thing 40 years ago. >> in this case the trends are very clear. clear. rising sea level and so forth. the important thing is people should study this on their own. all of the viewpoints and out encourage to follow few points not funded by anyone. they wrote it would not be feasible and they were wrong too. neil: what you are telling your shareholders is i don't want to be a business people who don't
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see them as a problem. you are saying they are idiots. you won't do business with them, right? >> we had a disagreement over the regulatory structure but that is not important point. climate change is a real and happening phenomenon, it is time for us to address it. neil: the talk was had an opportunity for the treasury secretary. a truth to that? >> i am a very happy with google. neil: we have earned and politics was >> never. >neil: why? >> situations not for politicized, they are for misalignment. we are better off trying to make america a better place in my opinion. neil: you're a big backer of the president.
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>> i am. neil: how do you feel now? >> they wish some of the things he had proposed with happen sooner or would not have happened at all. neil: is the defeated? >> rand paul has a libertarian strain in the tech community. he has been an effective voice for high-tech and he understands us pretty well. neil: do you like hillary clinton? >> i do. neil: would you serve in her political camp? >> i would not. neil: the last question, given what has happened with google, how does that change your perspective? you tal talked about keeping pee
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engaged, you would like to be around people elected that way, how do you do that? you could possibly get bored. >> people who joined early did it after the other than it was impactful. i have decided to spend my time trying to get the world connected. my core religious or personal point is that the world is better off with an open and free internet, this is why we went to north korea and cuba and so on and so forth. i spent a great time in china trying to convince them to open up. the fact of the matter is the world will be a safer place when we are talking to each other, communicating and understand each other better. also, the charges of economics, building the knowledge of the future is better done when the internet is connected.
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neil: risley said the toughest challenge is when all the cars in the par parking lot turn into mercedes and bmw and have more money than they know what to do with, i have to keep them jazzed. >> people don't necessarily work for money. they work for power, passion, persistence, it is a social logical activity. we talk about how to achieve that. google has been remarkably successful because senior executives stock to the message. make the world a better place, get information out there, the next three to 5 billion people joining us on the phone were enormously proud of that. neil: it is a very interesting read. lot more after this incident government agents try to figure out
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neil: a lot of subway riders on hot alerthigh alert. a potential attack on a subway system, but telling them that they are coming soon. why aren't we raising any terror flags at home? mark hanna joining us. tracy byrnes. tracy, should we be at high alert? >> new york subway system is probably the most vulnerable in the world. whether or not this happened is irrelevant. people should be on alert. they are probably here already. i have to recruit more people. they have to do something big
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and fabulous. isis is probably going to do something and the subway systems are the perfect place for them to do it. neil: it is out there, it is being disputed, that is enough. >> we have to be careful we do not get into this prime minist prime minister. neil: he was amusing. >> he was spit falling in the halls of the u.n. general assembly. >> about a potential terror attack on the united states. neil: where was he hearing it from? >> he is from the middle east has unique sources. you have to be careful before there is a credible threat just imagine the amount of economic damage, imagine the hysteria.
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>> i trust american authorities, i do because of how well they have protected us since the 9/11 terror attacks. if they knew and chose not to tell us to thwart any plot i would be fine with that because this city is on high alert and has been since 9/11. >> that is a valid point. you are doing their job 24/7. they check every alert they get. we should take comfort in the fact what they don't tell us maybe they don't need to tell us. >> i saw these hercules teams of new york police department officers checking bags so there is a high level of alert. not necessarily related to any specific threat but because the u.n. is in town the police are doing everything within their power and i feel safe, most people should.
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>> britain has a much more serious problem. and i think new yorkers are used to it. people don't understand that. we are used to this and we are not easily intimidated. >> because a lot of these terrorists are homegrown. we have an open border. neil: so you would have just chilled with it? >> the commissioner actually said we are on high alert. here in new york they are doing everything. >> every time you walk through times square, was no who is notg for a bag? neil: everything i see is
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unusual. it might seem like the world is filled with bad news, but there is some great news happening right in front of you. i will share it with you right after this. this video is going viral, dropping an engagement ring in the water while proposing. why this says really all you need to know of why marriage rates are dropping. could we be more jaded? when fixed income experts work with equity experts who work with regional experts that's when expertise happens. mfs. because there is no expertise without collaboration.
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neil: a lot of bad news from the middle east, u.s. drivers are seeing gas prices plummet, and implement across the country but with middle east full of this chaos a lot of folks are saying it can't last so why is it costing less to fill up? what is going on? >> u.s. oil producers, give them a pat on the back, how did your local refiner.
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what we are hearing is oil revolutions, person most gasoline since the 1980s and such high-quality we are yielding more gasoline than ever before. it has been locked in and not contaminated by sand or sulfur or all that other gunk that gets into that stuff. it comes out almost pre-refined. refiners have to do little to turn it into gasoline. so much so it will change the way we refine oil in this country going forward. it is just amazing. neil: i have no idea what you just said. i think what he is saying is we made a fuss and fear over nothing and despite the volatility in the middle east, it will more than compensate.
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>> all this great technology he explained how we got -- neil: did you understand it? >> pretty much. regular gas for $3.13 per gallon. springfield, missouri, under $3. we haven't seen prices like this in a long time. in fall the the switchover to te cheaper stuff. neil: what if it is a slowdown in the economy and it is reflecting that? >> every year around this time prices do drop a little bit this is pretty exceptional. some analysts expect in 30 countries we will see prices of less than $3 per gallon. >> you can find i less than $3 r gallon in at least half of the lower 48 right now. >> production has gone up and we owe a debt of gratitude to people producing and i will say
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something not often said on this show, for the criticism president obama gets, he has been pretty effective in abstaining from any kind of protectionist policy. gas has been drilled, more oil drilled and the gas has been explored since the late '80s. >> not on purpose so. they have prevented the level. neil: if the prices are collapsing to the degree mark points out they are, maybe that is not such a big deal, what do you think? >> now it is not as big of a deal as you think. the obama administration, this is an administration that says we will never throw ourselves to oil independence. he is wrong. he is criticizing big oil.
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>> we are already producing more oil than we import. they have been doing that into last year. >> we most certainly are. >> are still going to need renewable energy at some point. neil: we can do it all. >> why are we cheering about gasoline still $3.34 per gallon? >> more money in the pockets. >> what about $2? what if we really did everything? >> i think we will see lower prices. neil: unfortunately this story is. the u.s. stopping isis from
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making money, but what about all the money isis already has? only took about half a million dollars overall. we are told. how did we ever ow... my scalp hurts. my hair hurts. this is what it can be like to have shingles. a painful, blistering, rash. look at me. she's embarrassed by the way she looks. if you had chickenpox, the shingles virus is already inside you. 1 in 3 people will get shingles in their lifetime. as you get older, your immune system weakens and it loses its ability to keep the shingles virus in check. well i had to go to the eye doctor last week and i have to go back today. the doctor's worried its so close to her eye. the shingles rash can last up to 30 days. it hurts.
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neil: these are bad guys with a lot of money. isis has a huge cache cash pile. if billionaires retire, they're still billionaires billionaires, right? how do we get the money isis already has? general, what would that be? >> neil, think of this is a long-term strategy. denying a sanctuary particularly in syria, stopped the momentum and economically as he referred to two. as you saw the last two days going after the oil refineries.
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neil: what do we do about the money they have already got? >> bring in all instruments of national power. the military action you see in syria but this will take not only u.s. but help and support from other coalition partners. neil: sometimes we would be surprised coalition partners are those helping them out. >> that is a good point. that is why we've got to think in terms of not just military scale, the entire approaches. it is a very important connect the dots. financially. not just for the next several weeks but over the years we have to make sure of this stuff. neil: whatever database we put
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together, certainly intelligence officials had to be aware these groups are acquiring a lot of money looking at banking transactions. we relate appreciating the enormity of that. will we ever get on top of that now? >> again, the focus of this campaign is just the beginning. another way to look at this is a tooth and tale aspect. their ability to wage conflict and war and so on and so forth. the financial, economic back of this, make sure not only approach the tooth, but also kill the tale. neil: will he find out it led to some of what he thought were our friends? >> in my view we have to put the national power on the table and
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be willing to take those on the table and apply them as needed. i could mean other allies and friends we have to make a claim we prevent them from flourishi flourishing. neil: general, very good seeing you. in the meantime it is not if, but when. all but 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are unpredictable.
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neil: over the border now fighting overseas, the defense department is about to let illegal immigrants join the military, the administration maybe telegraphing it could be on the way and soon we are told us and i midterm elections, what are you making of this? >> we need to do something, huge immigration problem. let's do something that makes sense for the country.
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not blanket amnesty, but i love the notion of going to put these guys in the military. something like that makes sense, make them do something to earn it. >> show your loyalty in america. >> these kids can hear and many of them see themselves as american. look, there is a process no matter even if you are american-born soldier your getting vetted. i don't think somehow you're unpatriotic because your parents trade you hear. there will be a lot of republicans that think this is ploy by the white house to get citizenship. they were african-americans serving in world war i who
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thought there would be some good will engendered by their service. unfortunately it did not come soon enough. i think there should be some comprehensive immigration reform. >> if you're willing to step up and serve your country and the program is a part of the deferred action for the child focusing on people who have been here and are here illegally, in concept it is an amazing thing to expedite citizenship. neil: i can see what they are trying to do here, and it might be fine. i don't see much talk about border enforcement, the kind of stuff that rankles republicans. i suspect more republicans than we know would be for this if not to add the borders.
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>> given two years ago if he ever wanted to get the presidency again they will have to make some strides with minority voters. neil: why didn't he do that? >> i don't know, don't talk to the president on a regular basis. it is in the press quite a bit. neil: it would explode on him. republicans are going to have to publicly oppose him and they will shoot themselves in the foot. neil: get out of him, we are open to what you want to do here, but you have to look at the border. >> it is something he has been committed to. republicans won't give him the money to do it. neil: that doesn't mean you're
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being ridiculous. >> thewill not hire anybody who will go. neil: a lot of my boots on the ground to the equivalent of building a fence. >> in order to put both sides. i am not an immigration expert but right now it is more than we have ever done. we need to pair that. we have to balance that with a plan that takes care of the 11 million immigrants here who are working in the shadows, paying taxes, economic lack of economic integrity. neil: if you're blaming republicans, it equally blame democrats. >> they have been for comprehensive immigration reform.
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people in the own party. neil: it takes to go to tangle. they want more money committed to the border. you're making it look like political latino votes on either side. >> it is economic integrity issue, human rights, basic provision of government service, people are paying taxes and not getting the service to go along with it. >> there just as much at fault. if they were willing to compromise they would be at war. neil: let's have this hot debate and for now but we will pick up the pace very soon after the midterms. the whole country now talking about the walkoff win.
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neil: i have heard of a three-day weekend, but a seven-day weekend? say it ain't so, or say it is so. radio show host extraordinaire. with me now. writing about and talkin talk ts about unlimited vacation time for his workers. >> than they want to take holiday anytime, they can. they must keep running.
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so flexibility, people want to work from home, they should be able to work from home. >> i want that guy's hair. look at that. neil: that is what not working all the time it gets you. >> i love this guy, he looks like a rockstar. neil: you'd actually inspires and encourages more people. >> i don't want to work for richard branson. neil: i remember. >> if you are richard branson you can say take off seven days. great for the worker but you can't do it like that. neil: the has to be some sort of a shared strategy. but it can be done. >> there is no way, how can you downplay that.
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i am a small businessman. maybe in the stratosphere he can do it but a small business guy, don't get tax breaks, your overregulated as a small business guy you couldn't. neil: it is a little bit impractical. he practice what he preaches. you have to coordinate. >> like maternity leave? >> i don't know. he is doing it. neil: next up, farewell the last professional athlete ever? with derek jeter hanging ou up s cleats, is the last role model? that is behind home plate.
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>> do you know what those seats cost? i was a guest of mitch modell. i am up earlier in the radio. i ran to the stadium, it was the most exciting thing you ever saw. here is a guy i can look to and say to my kids look at this role model, look at this guy, watching him, just the humility of derek jeter. neil: he is a class act, but your fears he don't have enough guys like this. >> what do you say to your kids with what is happening in the nfl? neil: something going on in the nfl i should know about? >> the only publicity you get is in atlantic city. this is what we need in new jersey. neil: what is the problem here?
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there are plenty of good guys out there. >> m my son is a big nfl fan. i look at them, that is not the role model. i have to tell you this, maybe we can look to derek jeter's father. i am a dedicated dad. i go shopping with the kids. i make the lunches. i write their notes. neil: i go as o'reilly. i just yell at people. >> last night out there getting all the accolades, derek jeter, the place is going nuts, 50,000 people, the bronx in new york, everything that is great about america is right here on the field at yankee stadium and i
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look at mr. g to your parents, i cannot take my eyes off of mr. jeter. i held everybody up and said you did a great job as a dad. neil: you don't think others are just not getting the attention? speake>> it is about character. neil: all of you iphone 6 plus whiners, get bent. ♪ sfx: opening chimes 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
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wondering how it was that when they sit down. earth to these idiots. don't let your backbone in your pocket. and i wrote about bengate in my column. and some of my twitter followers that maybe i was being a bit too harsh. and so the mentalist brags about bending his phone with home with his mind and apple customers replied that they can bend in the iphone six what they are [bleep]? something like that. and now, i have never tried to sit on any electronic device that i own. what is the deal rights this person.
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neil: read, stretch, shake, let it out. and another person writes to us that maybe apple uses a low grade of aluminum. can you say nerd? and 10 any of you get it close? unless you think this is an epidemic of users, try nine users out of these nine out of the 10. and i suspect, as i wrote in my column, that they will happily allow you to swap out your twisted phone for a new one with the caveat that you shouldn't sit on it. but just in case, i project that their next iphone six, the iphone six plus will address this issue once and for all and i am betting you with this friendly reminder just because
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you are men lay lee, i don't know any warm way. ladies and gentlemen, "imus in the morning." >> and big & rich are here. all right. you know -- i was walking in and the doors open and i heard them singing, what a great sound they are together, you know. uh-huh. >> so what -- they broke up, you know? they say they didn't, but they did. and so they -- here's what epps. like with brooks & dunn. i know ronny dunn, i know both of them. it peses the public off.
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