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tv   Cavuto  FOX Business  September 30, 2014 8:00pm-9:01pm EDT

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orld. if hp security solutions can help keep the world's largest organizations safe, they can keep yours safe, too. make it matter. >> tonight on cavuto things are looking dicey in hong kong. get ready it's about to get even dicier. why no matter what china does, china as the economic powerhouse as we know it is doomed. then forget ebola coming here. i want you to meet the doctor that says we should worry about a different virus. is your car safe after you hear what our own jeff reports, you just might not want to drive anywhere. we are everywhere, starting now. >> welcome everybody i'm glad to have you. and i'm telling you you for china, the gig is up.
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this self-manufactured model is going down. it's never what it said it was. it can't wipe out the human abuses that it's in its very dna. china will crack down on hong kong. i don't know when. i think it's difficult to pull another teen man square in this age, but it's not impossible for china to pull something like this especially beijing control of the internet and how it stifles its own people. it is direct contradiction -- and the economic dichotomy it's spent decades crafting to remind the us what it is not. for years the china has had the best of both worlds. one that could produce enveabl powerhouses, but inherent in making money is understanding what happens when your own people start making money. they start imagining not only a
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better life, but a freer life. they crave freedoms. once you have food on the table, you start looking for more more to fill your plate. china kept the lid on such dreams in the mainland. it is having a devil of a time forcing that issue in the hong kong. that other land always restless, always separate, always different, always definite, and now hong kong is upping the ante because they are demanding more say in their government this is about them demanding total say in their entire governments. china cannot allow that because it would open themselves up to main landers getting the same thing. they eventually long for something more than the paper wealth you throw at them. they want more. they want to be more. suddenly for china, it is a perfect collapsing
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all around them. a manufactured ma raj of gdp numbers that seem too good to be true. maybe the numbers weren't so good. maybe the business opportunities weren't so great. maybe what chain said it was, were two different things. the citizens demand something more than a babysitting head of state. china's chickens are coming home to roost. its communist capital can a nun drum is coming back. no matter what what happens in hong kong, we now know this it was inherited economist steve moore what do you think? >> that was elegant. i will simply say this to bother a phrase from bush the chinese haven't gotten that freedom thing. they have a very autocratic -- the leaders are control freaks.
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this is an example of that. >> neil: we always knew that. what was the tipping point that they ignored the warning points? in beijing they were ignoring the noise the electors being forced down their float. >> first of all, remember when hong kong was reunited when w china a lot of us were asking the question who was taking over who. was china taking over hong kong or vice-versa. now we know the answer to that question. we had always hoped that hong kong capitalism and freedom would just invade china like a virus, and i don't know whether it is in the dna of the chinese leaders that they can't give up control, but you asked the question, could there be another ten man square, i think there could. >> neil: when push comes to, they will push it to the brink. >> i hope i'm wrong.
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>> neil: if they do there, they would have to in the mainland. >> the people in hong kong aren't going to give up their democratic freedoms. they say an immovable force running into an irresistible object. i'm not sure the residents and citizens of hong kong are going to move back in history to control by beijing. >> neil: what does the world in that event. >> oh, man. good question. what has the united states done about anything over the last six, 78 years. nothing. this is why we have to worry about china becoming a military superpower. what about taiwan? i mean, taiwan is in a very, very tenuous situation now. >> neil: so the disguise comes off their real intentions are known. >> the real questions we've always asked the economist, can
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you have a free market economy to the sense they do and have a repressive political government. i'm not sure that works out so well. >> neil: i'm amazed how long it has lasted. i want to expand this. it was just about a week ago that beijing celebrated the success of alibaba. tracy, it does seem mutually incompatible, but it is and has been the success of china to have the best of two worlds. the communist state and the capitalist state. that attracts big money. those days are running out. or are they? >> i think you made a great point about how the people are changing. hongsd doesn't have a high end luxury tax. so why do they go to buy all their stuff? hong kong. they want to be like hong kong actually. this must be so weird for the chinese people watching this. they're probably cheering on
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hong kong saying do this. go for it. maybe it will fleet over to us. many will argue china is in worse state than japan at this point. they have overcapacity. their housing market is falling. they're not doing anything. >> neil: the sky is crumbling. 100 percent with them how many times have we sat at fox business. do you trust the data coming at you? talking about alibaba, do you really think -- of course, ma and pa investors in kansas are thinking do i want to put my nest egg in alibaba. >> why do people do that? >> this is a whole another thing. >> neil: in that ipo was the understanding that china was calling the shots. we've gotten used to that and live with that, but what happens
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now. >> first of all, the economic figures might be flawed, but you the pollution and commodity numbers are r large. these factories are humming in this country. getting back to the point -- >> neil: i don't think approaching any of the numbers they're saying. >> you can't make up for the point they're consuming so much. now, as far as investors, investors have written this off for years. other than alibaba, this market is down 40, 50 percent across-the-board from before the crash. this is one of the worst performing stock markets of any major market because we know it's screwy at the very best. >> they've not been kind to our multinationals. they box us out the door. >> neil: didn't google say to hell with it? >> right. so i would think many would argue they need us more than we
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need them. >> neil: i think practical -- the self-survival thing to do do whatever to hong kong they want. don't look like they're appeasing them. certainly don't fire on them, but i don't think china won't don't do that. i think it will revert to the violent china. >> who knows how it will play out. if it gets violent, we have to side with hong kong. if we don't and they come in and militarily squash hong kong. >> neil: do you think they're going to stop them? >> there are chinese police that are as we speak right now moving into hong kong and let's not forget that hong kong was a part of the british empire for years and years. but to your point earlier in the show, that swan song is happening for people in hong kong. >> neil: they're watching this
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with keen interest in china. what are they going to do to these people? china must know in the back of its mind if we give too much to hong kong authorities then we have a problem at home. right? >> this isn't the freest part of china. they actually have more rights than the rest of the bulk of china. >> neil: they want more. >> give a little, and the whole thing falls apart. we're supposed to protect them. i don't know if this is going to happen. i will say a dictatorship with capitalism can work if they're not doing also the ridiculous decision where they're building trains all over the place. that's wasting resources. britain was a kingdom that grew well for a long time. >> neil: rational leaders would tell you that the last time we want is to empower this
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juggernaut. yet their history suggests that they will ultimately, you know, cut off their nose to spite their face. >> i love the notion that we would support hong kong and capitalism, but no way. >> no way. there are steps we could take. we could take aim at their economy. >> neil: well, their economy would suffer and their market would stumble even more. >> you're saying that makes them more repressive. >> neil: that's the only way we could hold them back. sometimes they inflict the wound themselves and they don't care. >> the american people can say, i'm not going to buy chinese. we can take action too. >> don't they have a trillion reasons to listen to us. we could just not pay it back. right? >> as they get smarter i think the chinese people will rebel. remember the baby formula thing they all went somewhere else.
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the more china has disregard to rules, the china people will rebel. >> back to the power of social media and china, they can no longer stop that story from coming out. that's why you're seeing all these teenagers coming out. they're connected with friends around the world. they see just like the syrians did two years ago, three years ago that there is a free year out there and they want to be a part of it. >> neil: there's a lot they can shut down. >> as long as china was growing, the chinese were willing to accept some political, you know, pull back. but that changes if the economy stops growing and people don't feel that increase in their living standards. that's where you can see a huge flare up. >> neil: there comes a point where you get all those living standards and you crave more. all right. we shall watch it closely. not just ebola that we have to worry about, there's another
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virus already in the us a doctor says and it could be a catastrophe waiting to spread.
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>> neil: and all this time i bet you were worried about ebola. the center for disease control said a respiratory is already hitting kids in the united states. scott says we're behind the conserve once again and there could be catastrophic risks because of of it. explain, doctor. >> there are certainly risks associated with this. they've tested it now in 40 states and they're only doing random testing. so you have to assume this is epidemic. >> neil: it's a respirtory
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disease, but explain what it is. >> it's enterovirus, but for most people it shouldn't be worse than most colds. the problem kids with other respiratory illnesses they could have a worse time. it's pretty epidemic in the united states. >> neil: what about other people who are older and whose immune systems are comprised. could they be hit? >> you would assume older individuals who have underlying respiratory conditions could also have it worse. most of the severe infections we're seeing where kids are getting hospitalized are in younger adults. it seems to be hitting children unusually hard. i think what parents want to do is get an earlier flu shot. in the event we do have an early flu season as well. >> neil: as a dad or any parent,
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what should i look for? >> well again it's probably going to be a bad cold in most kids. it's possible this coarsed through the general public in the past. it does seem to be a virus we haven't seen in the us before in this kind of an outbreak it's a virus that's only been recently identified. for most children it should just be a bad cold. the dangerous kids who have comprised respiratory systems. >> neil: is there a treatment for it a vax for it. >> unfortunately no. it's just supportive care. just by staying home and taking care of yourself, eating some chicken soup, you should get better. >> neil: is it me, doctor, or do we we get too scared of this. this seems to be worked into something that has affected 40 states. thowrms happen? >> there is the element that we
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can now test for things that we previously couldn't. we know a lot about illnesses that are coursing through the population. maybe they've been happening all along. in this case it seems to be a veterinarian of a common respiratory illness that is unusual in the united states perhaps is more severe than the typical enterovirus that we've seen before in this country. >> neil: always appreciate your expertise. thank you very, very much. forget no drama obama. is the new tech phrase now no show o next says that high security meetings were held on isis and for a lot of them. president obama justyou took an check.
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>> neil: well, the president says he misjudged the isis threat, but did he actually ignore the isis threat or just became surprised by the isis threat. they were warned about the terror group last year. it doesn't help that we're hearing that the president missed half of his briefings. the white house is quibbling. nevertheless richard perle said the president's passiveness is
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becoming dangerous. you know, secretary that is what is being called into question that he clearly didn't seem interested in what was coming out of these meetings. what do you make of that? >> i think the shaping of a foreign security policy doesn't depend on one meeting or another meeting. it flows from a aview of the world and a comprehension and understanding of where the dangers lie and the development of strategies to deal with them. that's where the obama administration has been woefully deficient. >> neil: the president has always been of the view that he inherited a war that he didn't support and he was viscerally against doing anything that would engage us. that position of some changed. do you think anything that cropped up in the interim that might have forced him to change his posture was something he just sublimbly and formally and
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forcefully rejected. >> clearly the rebellion began in syria. the president was faced with a choice. he could either stand aside or he could try to influence the outcome of that conflict between the assad regime and its opponents. he chose to stand aside. he chose passivity. the result, of course, is that others who didn't stand aside got deeply involved, supported radical islamists in syria and that's the origin of isis. you cannot simply by standing aside expect things to develop in a favorable way. >> neil: you know, secretary, i think it was vice president cheney who was the most outspoken critics particularly in regard to isil or isis.
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you're a fine one, mr. president to be judging or criticizing anyone on how you act in a war or conduct a war. so their view was had it not been for you and president bush, we wouldn't even be in this pickle and our actions wouldn't even matter. you started it. >> i think you can't conjecture about history. >> neil: that's what they did. >> of course, it's an excuse. one of the things that is at work here is a battle between two branches of the islam between sunni and shia. that was before iraq. it was before bush and cheney and it will be there for a long time achievement you just raised my point, whether involved or not in troops or not, it's always going to be a mess over there. so what do we do? >> well, it's a very messy
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situation. for sure it's a to the best of your ability area. it's prone to violence. what we need to do is (?) what we can effectively to mitigate the consequences for us. and that means, if you see the gathering momentum of a radical islamist movement emerging in the syrian context, you try to develop a side that's with you. you work with people who you can have some influence over. but standing aside, doing nothing, is never going to be an optimum strategy. you're leaving everything in the hands of others including, of course, people who are hostile to our interests achievement when the president was said he was caught off gathered. (?) he then posited to say it was really my intelligence guys who had missed this as well.
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in other words, to throw it at them that they had screwed up. now, the president and his press secretary, that was not his intention, but that was the appearance and that's how it was received. yoyou felt like he threw them under the bus. do you think he did? >> he was looking for an excuse. he was looking to blame someone else for that failure. the failure goes back a long way. more than three years. it's you want to president to see the world as it is, not to depend on an intelligence report. and it was clear three years ago and many people commented at the time, i did among others, that if we didn't choose a side in syria, others were going to choose sides. and those best positioned to do it, the extremists in qatar and saudi arabia and elsewhere were bound to choose people who would
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be catastrophic for us. kneale do you agree with rand paul that had we taken that approach to intercede with syria, we would have actually embonltd what became isis. so isis is ruling syria now so be kairvel. >> the time to get involved was at the outset when we could shape the organization of an opposition to -- >> neil: before it formed into isis (?) >> yes, of course. and we didn't. and there was a debate before b whether we should. and this president who has been passive throughout his time in office chose to do nothing. but others don't allow you that luxury. others got involved. and the ones who got involved armed the wrong people. >> neil: i want to get a reaction from our panel to what he said caught off guard. what do you think. >> i think it's all hindsight
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now. unfortunately we have a $17.7 trillion debt and we won't have the funds to do it. >> neil: what do you think. >> to that specific question, if it's the most important than the other threats we're spending money on, virginia class submarines, we need less of those. if they're such a big threat. as far as obama, did he ignore the threat or he looked in the past and said the last time we listened to these threats, we got into a mess. i'm going to willfully ignored them because i don't believe them. maybe it's not. maybe it is. >> 2 billion now 10 billion later. what is the economic impact of an unstable middle east. back to the 60 minutes interview he knew about syria. hillary clinton said we should
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be involved with syria. he had multiple advisors one of them which was on 60 minutes the week prior saying i told the president. he ignored it. so his interview rang very well to me. >> hillary prethrew him under the bus. >> good for her. she should have. >> we're already getting threats here at at home we have to take this seriously. >> neil: that's where we stand right now. guys, thank you all very much. and secretary pearl as well. now, i've seen it all. a drone that takes selfies this is the next big gadgets. why kennedyy says to get used to. and keen kennedy is embracing it. wow.
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>> neil: is the drone age just beginning? jerry brown vee towing a bill limiting the police's use of
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drone. so is any of this flying with our uber libertarian kennedy chief host of of the independents. otherwise fine show. >> i love your beard. >> thank you very much. >> i didn't know your position was kind of in line with people who are not libertarian typically. >> well, i don't want drones to kill people overseas. i think that's a bad idea. a lot of people got antsy about drones after rand paul's filibuster and it brought a lot of light not only to drone use, but using those planes to kill people overseas which is a bad idea. i'm a huge idea of technology. law enforcement and the government should have be the only ones utilizing drone power.
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there's plenty of applications for drone power, but it's the faa standing in our way. >> neil: he effective said you need this, you got this. >> there was a bill that went through the california legislator that easily passed both houses actually put forward by a republican which is a rare thing to get that of sort of bipartisan support. california not necessarily known for its lawmakers that embrace civil liberties. they did overwhelmingly pass saying that law enforcement needs warrants to fly drones. the governor said that's not necessarily right. if law enforcement needs it -- especially we're in a horrific state right now it's going to be 90 degrees in los angeles it's the perfect thing for wildfires you want firefighters to use this thing to survey the land. >> neil: don't you worry about
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the government overdoing it. >> of course. >> neil: look, we have helicopters and we have other means that allow us to look at people going crazy over the highways, this is just an extension of that. >> it is. and as citizens, we have to keep law enforcement in check. and one of the things i've said as i libertarian for a long time, they pass too many laws. i'm happy to see the governor vetoing things. of course, i want to the government in check first and always, but i want civilize to be able to to have access to drone technology because it's a gateway to flying cars and that will be amazing. and i'm totally serious about that. google is already testing unmanned -- >> neil: be careful what you wish for. all of a sudden people like rand paul -- how do you knowing rand paul would vote on this? he'd probably say no (?) he's been all over the map. >> he really is.
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he's trying so hard to embrace his center self. >> neil: he's abandoned his libertarian roots. >> he hasn't. he has to move so far over to appeal to a broad base. libertarians aren't going to love the watered down version of rand paul. if you want to be president it's something you have to do. if you want to make a stand like his dad and be iconic you can hold onto your ideals. if you want to be elected, you have to completely surrender. >> neil: or allow drones. work for another kennedy or something. >> douglas kennedy. all right. in the meantime, is it getting too dangerous to simply drive. why you want to take the bus tomorrow? and a very scary motivate in arkansas, a realtor killed, but for a very different reason.
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>> neil: can you really trust the car you drive? the way auto companies are recalling automobiles nowadays maybe you shouldn't. it's not just about general motors. we're talking about millions of cars and counting. jeff, what is going on. >> this is a story that just keeps happening. i've never seen anything like it. in the last few weeks alone, huge recalls. take a look at the last few weeks. takoma pickups 700 recalled. ford 850,000. ford fusions escapes for an electrical short. chrysler with a problem with its i go nations very similar to gm another 50,000. and fee at chrysler for a power module that could cause fires all sorts of crazy things.
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if it seems there are more recalls than ever before there's a reason for that it's because there are more recalls than ever before. more than 40 million vehicles an all-time record. if you look at the number of campaigns these are large numbers of recalls because the number of actual recalls, not the number of vehicles, but the number of actual recall campaigns is actually not an all-time record it indicates these recalls are big. the question is: is this having an impact on us in sales. i can tell you automobile makers are having their best sales year. if you look at the past most recalled vehicles in the past decades you see some of the most popular vehicles. in fact the number one most recalled car the ford f150. it's also the best-seller in that same period. including the honda afford.
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the caravan. all except that mercury topaz that didn't much for me and that was a big recall loser as well. >> neil: hang on. i want to bring in our all stars. >> they should be super cautious. there's something else going on. the great recession you've got more used cars than ever before. you have automakers that are very keen to make sure that every single small problem large problem is going to be addressed because you got the lawyers of every single car company breathing down the neck. general motors is having a much bigger issue recovering from the death and the lawsuits and the class-actions going against the company. they have to be cautious. but also you got more used cars out there. >> neil: if it's closing a freeze on sales that would be one thing, but it's not. >> it's not. you have the national car safety
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board that is you should recall this. they take it to court in the old days. now, everyone is like shocked recall shock here you want to recall the car, we'll recall the car. we don't even know if this is necessary. we're so overcautious. it's not like you're taking the cars off the road. >> neil: the better thing would be to recall it at least it will stave off you hope more trouble. >> it's not that the cars are getting crappier they're getting better. the formula changed. there was an accounting formula. they talked about it in fight club. if this car is bad, we're not going to do a recall. the checks and the negative publicity got so high that the math got totally screwed up. now they're trying to get ahead of it. you know, the air bags -- >> neil: i'm sorry. that's a big deal if you're
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driving. >> i've driven a lot of cars and these cars are safe. the danger is that these cars got so powerful at a low price point where anyone can get these high-powered cars and crash into stuff. it is not the car flaws. >> neil: jeff, on the gm thing i think they've increased. -- is that changing is that wearing that this is going to get a little bit more than cheap factored in. >> they got enough money put aside no matter where the recall no matter where the death toll goes on that. these cars are more complicated than they ever were before. there's a lot more to go wrong. that's the thing to make them sell. people have new technology
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available to them that they can't get in a a used car. it's tough to get them right. are we reaching the point where we've got cars that are too complicated to get right and she said no. at this point if you're looking at these numbers i'm not so sure. >> this is why i'm all for jet packs. you strap them on. the gps takes you in the sky. >> neil: you talk about for in-laws? >> practice that way. >> neil: and away you go. jeff, guys, thank you very much. it is one thing to resent the rich, but it's quite another to go soafers to kill the rich. the very scary murder that was all over money. after this.
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>> neil: i'm just saying i hope you don't bounce a check because you'll pay through the nose. a host of other banked fees the banks are charging through the nose. get used to it. what do our panel members think of it. >> up almost $5 to go to an atm machine. you're talking about 6.5 percent increase on fees. it's on everything. it's on checks. if you go over your balance, they are hitting -- banks aren't making the money they think they should be. there's going to be a good will break point with customers and everyone is going to start using paypal to pay for everything and you're not going to need cash in your pocket anymore. >> an extension of what's going to happen with the mobile platform, but apple is coming up with the iphone. in some regard i need an account, but i'm going to use my phone to pay for everything and not use an atm or debit card.
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to her point about paypal, we could come up with other digital options in banking. when was the last time you actually saw a teller in a bank so i think there are other options out there. >> neil: did they take a cue from the airlines. >> they can. and, yes, there's going to be online. but let's start -- let's be real. this is a convenience fee to not go to your banks atm. you're out drinking and there's an atm. >> that wasn't me. >> we're going to charge you for it. it has to say it. and you're like i'm not going to find my bank. >> neil: so what do you don't to get around this go to your bank? >> i will only go to chase. i'm a cheapskate. my wife you can tell where it came out there's a fee attached to it. >> neil: she goes to bow taking
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ato get -- >> bow taking awill take your debit card and that's what i'll do. i'll pay for that pack of card with my debit card. >> banks are coming up with new programs and they're offering it to customers to help you get around this. >> there are ways to avoid it. >> but you have to a conversation with somebody at the bank. you can do it it's just get off the couch and do it. >> neil: this is something very serious, very scary, this one involves what has to be one of the most incredible bizarre stories i've covered. an arkansas realtor she's found dead and the murder suspect arrested said this was the motive. >> why bevly. >> she is a rich broker. >> neil: she was a rich broker. that is scary. tracy. >> i mean, he just picked her out of a crowd because apparently -- the whole thing is just crazy how his little mind
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worked and what society has come to because we can take people off the earth because we're angry about something. >> that's what's happened to our society over the last several years 37 it's target the rich. hate the 1 percent. >> neil: did he know her? was she well-known in the area? >> that's not the point. he probably didn't know anything about her. this is just the kind of sick mental capacity that's actually being grown in america. and that's the sad part. you know, we're hating ceos. how many death threats do you think jamie diamond has gotten in his career as a banker at jp morgan. >> neil: it's glaring because the guy was just upset. we've seen a lot of violent incidents where money has been the issue. >> in france people will cut someone's head off for being rich. i read the capital book, but i
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have nightmares about revolutions and taking money from people who are successful. you wonder how far this could go. i i believe this is an isolated event, but if you start having people thinking, oh, we're not fairly taxing them as high as these experts say we should therefore we will take it into our own hands. >> neil: it's one thing to see resentment for success another thing for violence. >> that worries me especially with the kids watching these days. if you're upset with someone, you go kill them. columbine all these people who went into schools because they were angry about something. this is not what we want anyone to think or anyone to do. it's awful that it's out there. >> neil: we hope this is an isolated case, but increasingly, it's not. we'll have more after this. inhaled...
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white house penetrating deep inside of the white house. a hearing today, a nation that is not likeing it for days now. kelsey e-mails, we look like some tin pot third world losers, for god's sake secret service, clean up your act. >> no wonder isis does not take us ser kraus seriously. >> the colombia thing with prostitute agents time again, does anyone get fired in washington. more like reassigned. but you are right to be worried. something tells me that secret service is not breaking a sweat for this president, me thinks they don't flip over him. secret service owes no political patronrage, a by and large do a good job looking after the most powerful man in the world, whether it be a democrat or a
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republican, it is about serving their country with honor, most i trust, and know do. we have to take care of those who do not, taylor, public house hearing on secret service failures, i don't know which is worse, the agents botching it or telling the world how they botched it stupid to show it to the world. i agree with you, a closed-door hearing would have addressed this top security issue just as well, and i'm a journalist. it is just some in the public when might get ideas, i would rather not get ideas from this. >> ellen, new york city, offers this, i am outside of your fox studios in new york know you have security, surely if it is good enough for cavuto it should be good enough for president. the biggest thing we risk losing
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you, world has one less teleprompter reader, but when it come its this president -- stop yourself, done. nice. see you tomorrow. kennedy: a panic as dallas has first positive ebola case, in this country diagnosed here. that city has not seen so much hype and speculation since jr was shot on the grassy knoll. keep your dress on for a second, you don't have to come unglued because you rented outbreak on netflix last week, because you visited alamo last year, that does not mean you will bleed out your eyeballs. if you top cure ebold abring it to this country, technology is its enemy. sometimes you have to be uncomfortable it be cozy. >> and some senate races are too

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