tv Cavuto FOX Business October 1, 2014 11:00pm-12:01am EDT
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keurig. neil: tonight on cavuto, ebola is here and so is the fear. if you are flying soon, you should think about upgrading to first class. why if you're flying coach, you could be more likely to get sick? the reason, that will really make you sick. secret service director julia pierson resigning, but is the president really that safe? meet the former secret service agent who has inside details you will not hear anywhere else. if you think the protests money do you think you'll need when you retire? in hong kong are bad, dr. van then we gave each person a ribbon carson says wait until you see that kind of anarchy spreading to show how many years that amount might last. here. that's right, here. i was trying to, like, pull it a little further. the doctor is in the house. [ woman ] got me to 70 years old. i'm going have to rethink this thing. get ready to bring down the house. but first think of it's hard to imagin how much we'll need for a retirement that could last 3years or mor
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238-point drop for the dow is so maybe we need to approach things dfe, bad. you ain't seen nothing yet. it all starts now. ♪ welcome, everybody, glad to have you, i'm neil cavuto. it's october, do you know where the market crash is? this is the month we usually see them. remember 1929? remember 1987? remember the meltdown that picked up steam this very month in 2008. the irony, of course, is october isn't that bad for stocks on average. it's just the month that most of our big hits happen on average. and usually triggered by outside events in retrospect . and as worries go were more neil: all right, are we seeing than just average. now another october. another housing correction? the rice in home prices is and more than just your average going down. worry, quite a few more. a lot of people think young folks are opting out. let's count them, shall we? not interested. news that student loan debt is ebola now in america, crazy keeping first-time buyers out of the market. isis recruits threatening driving the market down. a lost opportunity as a result. america. one woman beheaded in sympathy in america. real estate entrepreneur, we have the leftists screwing corporation founder and friend of one barack obama, the
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up protecting the united states of america, or not. chairman and ceo don peebles and hong kong on the brink. who says we could see another you've got china refusing to housing crisis if we're not careful. blink. you've got the president what's going on? what do you think? >> it's interesting, what's threatening to throw security officials under the bus and happening is the housing market security officials taking is catching its breath. we are in a heavy recession, editorial pages claiming they don't like security officials and the stagnant job growth, being thrown under the bus. stagnant economy was like and you have voters turning on any incumbent at all. waiting on an air inflated ball in a pool. to review, you've got rage, and once it was released, it fear, and you've got it pretty popped up and went above the level and the water level. much everywhere. neil: that's happening now. the issue isn't how many crises >> the housing market is the world is facing. the issue is how many crises catching its breath, you think the markets can keep unsustainable level of rapid appreciation. neil: only in some markets. ignoring? i'm not saying we're due for a >> major markets. the major gateway markets where crash, i'm saying we're due for something. like i said, it is october. there's the highest concentration of population and the highest concentration of to fox business senior correspondent charlie jobs. we have a significant job gasparino. that spooks people, charlie. problem. neil: that's what does it, right? the black swan developments, if you don't approve the job and we have a lot of them. >> right, we don't have a major picture and particularly for young people, they feed the one just yet, we have a lot of worry, what the issue is for bottom and the bottom goes up, we're not going to get this the market when you are on the under control. precipice for this, people are we? >> no. saying the market is and the challenge we have also
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is young people have seen what overvalued. it takes a little push has happened in this last sometime. what the black swan is another recession. if you're gun-shy about getting beheading, god forbid. committed to owning a home. the ebola outbreak going beyond neil: they don't think it's the one person, maybe two or three big draw that it was for you or four, that could be one of and many in our generation, the black swan events that right? takes out the market a thousand >> the uncertainty in the job market. points. we have a much more mobile neil: when you say a black swan youth society now. event, an event we attach more so those at the bottom know the significance, use it as an emerging homebuyers, they want excuse to sell? to have mobility and owning a >> it comes out of nowhere. home is not mobile anymore. you hear traders talk about black swans, it's something you this last recession showed them don't think will be the trigger homes are harder to sell and and some point it is. not guaranteed to hold their neil: in retrospect we look value. neil: what do you think is going to happen, then? back. >> why is that? the last housing meltdown and the markets are on edge. people in the market can't housing sort of freeze where figure out why it keeps going nothing happens, period. up. >> i think we're going to have more of kind of what you hear listen, jobs are okay. gdp is okay. some of these very liberal but maybe it's not 17,000 politicians saying about the tale of two cities or this level. neil: the same data, they twist wealth disparity. to their perverted fears, two housing markets. >> it's occurred under a right? good news on gdp and jobs, and president they love, that that
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interpret that as a sign that gap has widened, i'm not the fed might have to tighten blaming it on him. the rates. under democrats and republicans they're damning the good and the bad. >> the problem with the fed is a lot of people think they're alike, it affects growth? pushing against a string they >> we're going to have in the almost have to carry out with raising of interest rates and housing market, the top end is the schedule that they have, doing well. the levels of appreciation on only because if they don't, the super luxury end are they could break acid bubble. staggering. neil:is that right. neil: no indication that's >> in new york city. going to happen soon. neil: this is a weird >> we don't know. one of the things we have right environment. this breathes bubble. >> take the worst market in the now and undercover stories. country during the recession battle at the fed between the which is miami. yellen doves and the fisher overbuilt for condo, you couldn't give them away, 200, hawks, and there is a battle royale at the fed about $300 for square foot in monetary policy. neil: absolutely. downtown miami. those same units are $1200 a i want to bring in, are we about to see a stock market square foot. that market has recovered. collapse based on any or all of the reasons just stated? but the typical american to our biz all-stars, lizzie market, where you have home prices in the hundreds of mcdonald, tracy thousands of dollars, that's stagnant and it's going to burns, tracy, what do you continue to be stagnant until think? >> i think when president there is significant long-term, reagan was in office, we had sustainable job growth because people are too uncertain and don't have the resources. nuclear weapons point at the us neil: the president interviewed
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and gdp went higher. on "60 minutes" last week, don, i think the market is says he recognizes while the resilient. economy has improved and i think small caps, the russ sell in correction mode. americans don't feel it, to your point. the s&p 400 mid caps is not there are ways to rectify. doing well. that raise the minimum wage, is the little guys are not doing it that simple? well. big multinationals are holding >> it's not that simple. we have to figure out a way on, it is still unfortunately, that we encourage and what's the saying, prettiest incentivize business. look at the affordable housing girl at the prom? crisis that we have in the no place else to put your money major cities in the country, these days, and i think people all run with a liberal approach are going to be pleasantly it governing. and the idea of incentivizing surprised. neil: jared, you can twist it public housing by requiring it around and say markets have to be built by giving, it has climbed numerous walls over a not worked there. lot of worries, so we're just needs to be a way to incentivize businesses to spend attaching the concern of more money, invest more capital another october and saying and take greater risk. uh-oh, maybe needlessly so, what do you think? businesses are concerned about >> first of all, from a this economy and the tax statistical perspective. policies and the discussions about further raising taxes we had three years of nonevents right now in new york, there's or a bunch of small events. a discussion about taxing, usually they are followed by raising taxes on pied-a-terres series of smaller events and looking back in time, we're
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and use it a month out of the getting close to a period where year. we should see something, and i we want those kind -- think that's what people are neil: we're not talking about those individuals, we're looking for. as scary as it is to have ebola talking about those who have a little place. one mile away and have isis >> right. >> they come here and buy real threats, none have materialized estate and pay taxes. neil: and you're a democrat? and anything real in the what's the deal with you? trader's eyes just yet. >> pro business american. gasparino has a great point. neil: no, you're also a good egg and a pragmatic guy. tracy has a great point. for now things are okay. we need more on both sides of as soon as the realization the equation. don peebles, great seeing you, comes that this could turn into something really, really big, again. >> great seeing you, neil. it could happen in the blink of neil: is what's happening in an eye. i think the market is the prettiest girl at the prom. hong kong about to happen here? for the next month or two. neil: it's hardly ringing endorsement, it's another analogy that charlie mentioned, the tallest midget in the room. also a bunch of midgets. >> and little ugly ducklings that could culminate in a black swan event. neil: you didn't like my midget joke. >> i think they're little people. neil: yeah, yeah. >> don't call them redskins. >> let's not go there, right?
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neil: midget redskins. >> oh, >> oh, [ laughter ] >> sorry. neil: awful. [ laughter ] >> ebola, slowdown in china, another cyberattack, another terrorist attack, they're all coming, and in october this is when wall street does window dressing, it dumps the stinkers and buys highfliers. we know the fed is exiting out of stimulus in october, it could be a slippery ride. >> don't you think hong kong could be the bigger catalyst, the hang seng falls one [ male announcer ] eligible for medicare? morning, good-bye, close the that's a good thing, door. >> interesting from a lot of but it doesn't cover everything. only about 80% perspectives, if the chinese of your part b government doesn't crack, medical expenses. the rest is up to you. doesn't pull a tiananmen square, does the rational so consider an aarp medicare supplement insurance plan, responses, embrace them, talk to them and don't kill them, insured by unitedhealthcare insurance company. you start looking at chinese internet stocks and all the like all standardized medicare supplement insurance plans, stuff that i've said about alibaba that was negative, the they could save you in out-of-pocket medical costs. chinese government controls this company. take the other side of the call today to request a free decision guide.
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argument. that's good for those stocks. with these types of plans, you'll be able to visit so that could be a positive development. any doctor or hospital that if the chinese government does not crack down, you could see a accepts medicare patients. lot of people thinking that plus, there are no networks, economy is much more stable. and virtually no referrals needed. put our money to work there. join the millions who have already enrolled alibaba is a big time buy. in the only medicare supplement insurance plans neil: the flipside is if the endorsed by aarp... government doesn't crack down, and provided by have you obviously lightened up unitedhealthcare insurance company, on hong kong, lighten up on us which has over 30 years of experience behind it. and could create another stew, right? with all the good years ahead, >> and this is why the markets look for the experience and commitment really haven't budged. there is both sides that are to go the distance with you. valid. if you have the uprising spread call now to request your free decision guide. into the chinese middle class, which by the way, china is ♪ doing a great job at censoring all of this in the mainland. i've been talking to friends an unprecedented program arting busithat partners businesses over there. that could lead to problems with universities across the state. for better access to talent, with the chinese stock market and chinese businesses, but cutting edge research, and state of the art facilities. again, i would take charlie's and you pay no taxes for ten years. side, i think the likelihood is from biotech in brooklyn, to next gen energy in binghamton, hopefully china does treat hong kong unlike tiananmen square to manufacturing in buffalo... and they do enough. startup-ny has new businesses popping up across the state. >> set aside hong kong, whenever china released see how startup-ny can help your business grow at startup.ny.gov
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negative market statistics, the market had a hiccup. china has exhibited slowdown -- >> i don't believe any number that comes out of china. >> what could be sfwhors. neil: we're going to see in november big sell-off, 87, 89. what do you think? >> i don't think so. neil: really? >> i will say this, russia, when we had neutrally assured destruction in the 80s when the markets went up. we have terrorists that don't care. >> none of the events are black swan, they've all been around. it can't be a black swan if you don't know about it. >> you don't know about three more. >> 3% is the maximum for october. that's the max we'll see here. . neil: what is going to come of looking at the options, talking this place, right? you might be looking at these to friends and i'm thinking they're going to have. protests in hong kong and think >> the dow is down 2 1/2, 3%. that's so far on the other side of the earth, so not on our neil: we'll watch closely. side of the earth. thank you very much. not on us here. well, we went out on the street to see if people are worried dr. ben carson says you might want to listen and you might about ebola. want to pay attention, because >> i know you can't shut the whatever's going on, there
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borders down, but i think could be an issue here. what do you mean, doctor, there's going to be more exposure. explain. >> i think sometimes these >> you know, the people in hong things are a bit exaggerated. kong have had 17 years now, >> when it comes to all about general health population of which they've been under the the people, you have to worry. neil: a lot of people are control of beijing, and promises were made to them that worrying. once they hear what airlines they'd be able to keep their are doing to stop ebola, independence, and they were they're going to be more worried. also promised that in 2017, if you own an airline stock you're going to be more worried they could have independent than that. after this. elections for their leaders. meanwhile, as if letting an more recently, beijing intruder break into the white indicated that they could have house isn't bad enough, letting those elections but the people a convicted felon with a gun in running for election would have to be sanctioned by beijing. the elevator with the president so obviously, the people are of the united states? who are these guys? starting to say wait a minute, what's happening to our freedom? that causes enormous amount of anxiety. they're thinking back to what happened to tiananmen square, back in 1989, and this was causing a great deal of anxiety. in this country, we also have a situation where people are starting to become less trustful of the government.
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we have enormous financial potential instability because of the level of our debts and the only reason we can sustain a debt of that nature is we can manipulate money, print money. what if we couldn't print money with that level of debt? not to mention the unfunded liabilities. >> the fact of the matter is we can and do and have and we probably will continue to do so, so the experts i talk to on this is a tell dr. carson to take a chill pill, he's not nothing to worry about. what do you say? >> i've got more to add. the threat of isis and other terrorist organizations that could impinge upon us, we have the capability of iran to develop nuclear weapons. we have instability going on in the western pacific, with expansionism of china. we have putin's threats, you the world when umber of things combined with what's going on
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here. all you have to do is think back to 2008, and six months before the financial crisis. neil: right. >> things were pretty nice. so -- >> you're saying to experience something like that again, a meltdown type of event. we started off the show talking about it is october after all. a month famous for some of the most scary stock market slides in history. are you looking at that? new york state is jump-starting business with startup-ny. >> i sure hope not. an unprecedented program that partners businesses i'm trusting in the stability of our system. with universities across the state. we have an incredibly strong for better access to talent, cutting edge research, country. neil: but you're saying, a lot and state of the art facilities. and you pay no taxes for ten years. of folks say maybe what we're missing are strong leaders. from biotech in brooklyn, to next gen energy in binghamton, your name keeps popping up in to manufacturing in buffalo... startup-ny has new businesses popping up across the state. presidential tinder, and it's see how startup-ny can help your business grow at startup.ny.gov raising growing interest in you as a prospective candidate.
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are you? >> prospective. that's a correct word, yes. prospective. neil: when you look at numbers like that. a few years ago, doctors outside in the medical community where you are widely respected and still are, most folks didn't know you, you are up there with top presidential names. >> i think people are starting to recognize that maybe the qualifications for leadership is not many years in political office. many years in political office, if that was a qualification, i think there are a number of people we could put on the table, and you're saying are you kidding me? i wouldn't want them. what we need is wisdom, the ability to amalgamate a lot of information from a lot of experts and make wise decisions, and most importantly, we need to recognize that this is a country in which the government is supposed to conform to the
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will of the people. neil: i think you're running, i think you're running for office now. . you're just laying the neil: after the resignation of groundwork as we speak. secret service director julia >> you could be right. [ laughter ] pierson, is president obama >> all right. well, i'm watching closely, that safe? doctor. ben carson. to rich edson on what led to always a pleasure, sir, her quitting and the white house's answer right now, rich? appreciate it. >> thank you, neil. >> reporter: remarkable neil: what the bleep. breaches of presidential why the washington redskins security and bipartisan criticism following a brutal you owned your car for four years. day of congressional testimony, you named it brad. secret service director julia you loved brad. and then you totaled him. you two had been through everything together. two boyfriends. three jobs. pierson is out. you're like "nothing can replace brad!" the administration said the obamas had confidence in pearson. by this afternoon, the white then liberty mutual calls. and you break into your happy dance. house says pierson and the if you sign up for better car replacement, we'll pay for a car that's a model year newer president determined it was with 15,000 fewer miles than your old one. time for new leadership. >> director pierson believed it see car insurance in a whole new light. was in the best interest of the liberty mutual insurance. agency to which she dedicated when folks think about wthey think salmon and energy. her career. but the energy bp produces up here
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the secretary agreed with that creates something else as well: assessment, the president did as well. over the last several days, jobs all over america. we've seen recent and engineering and innovation jobs. accumulating reports raising advanced safety systems & technology. questions about the performance of the agency, and the shipping and manufacturing. president concluded that new across the united states, leadership of that agency was bp supports more than a quarter million jobs. required. >> reporter: johnson is when we set up operation in one part of the country, initiating a review to determine what happened when people in other parts go to work. intruder jumped white house that's not a coincidence. fence, ran around the residence it's one more part of our commitment to america. before agents apprehended him in the east room. investigators should submit report by november 1st. pierson's tenure includes incident where man with an arrest record armed with a gun walked onto elevator with the president in atlanta. officials are pointing joseph clancy as interim director in charge of the protective division of the secret service. he had retired in 2011. now he's back, neil? neil: what's weird about this, rich, she came into replace someone after the colombian prostitute brouhaha and she's gone.
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they keep changing chiefs but the problems keep coming up. the white house is always the one surprised? >> right, and the news had come out so belated consider wearing they were earlier in this whole incident where the guy was running around the white house. the secret service wasn't forthcoming with that information, and now you've had the president in focus here. the earlier incident where she cleaned up drunkenness, prostitutes, this is someone running around the white house and a guy standing next to the president with a gun. neil: incredible, incredible. and kept happening. rich edson, thank you very much. the problems with the white house are not easing, they're getting worse. to former secret service agent dan on what this means and whether anyone is safe. is anyone up to this task, dan? >> yes, neil. someone could be up to it. they need an outside director. the secret service unlike the
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fbi or the dea or other federal agencies has this -- i don't know if it's a habit or just unintended legacy here, of promoting people from within to director. that's great. there's a lot of experience there, neil. the downside to that is some of the problems you've become immune to because you are surrounded yourself, you see the same sign, you stop paying attention, tend to get ignored. they need an outside director with a d.c. gravitas, i hate that word. neil: you are running for congress, you're out. i got to ask you this, it's going to seem impossible, but given the frequency of the incidents, i'm beginning to . >> the term redskins, could wonder whether it's a lot of guys in the secret service soon be banned for simply being don't like this president or too offensive. don't care about his that makes me want to say well-being. something really offensive. what do you think? because the fcc is thinking of >> no, i've never seen, that censoring the name, the term, neil. i am as die-hard a redskins from even being said conservetarian as you are going on tv and radio. to find. so are people as outraged as i know guys that think like i
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do politically. they think? we went to the street to find i've never heard a hint of anything like that. out. >> you can't be in a word matter of fact, if anything was the opposite to prove to the staff that may have had that's taking control of differing political opinions, that they would do -- i would people's freedom of speech and rights. >> inappropriate. argue even a better job than >> used negatively in the past. before. neil: i'm glad you said that, >> we live in an age, you but here's what makes me not offend somebody you have to glad you said, that the only take it back. no longer freedom of speech. >> changing every name because other possible excuses, they're just not up to the task. it's politically incorrect. >> we could be thicker skinned >> well, neil, there's a near about things. mutiny going on in the secret >> where do we go from here? service. this is the story that -- all major on spores and look at that's why i'm glad you have me other offensive names, anything on. nobody is reporting on right that could offend anybody, now. i'm amazed how big this story really. neil: all right, back with the all-stars, lizzie, what do you has become and no one picked up on it. think of that? why do you think all of the >> outlaw the tomahawk chop at stories are leaking out and the whistle-blowers are magically games too, meaning -- appearing? >> i got it. there's a reason. the rank and file agents that as if i'm not up on all the get the work done, not the sports. i'm not an idiot. upper level management decimating this agency are absolutely fed up. >> redskins is a -- we get i'm getting the calls and e-mails every day. neil: fed up with what? >> management. that. name the team what they want.
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management has used the secret i think the fcc has bigger problems on its hands like service, the small cabal is a russia trying to get google's job recruitment spot. neil: pierson among them? >> i would argue yes, algorithm. neil: yeah, sure. >> losing sleep over it. unfortunately. they developed relationship neil: absolutely. with the white house staff, >> the fcc is offended more with people in the business sector. than anyone else. look at what some of the former you should not come to dinner directors and former upper at my house on sunday, you will management. look what they've done. be completely offended. this is what people do. it's almost, neil, a quasi form i think we need thicker skin. of regulatory capture in the the redskins are happy to be secret service. called the redskins and let it neil: who leaked that it was be. actually an off-duty agent who >> you know, here's the funny part, right? tackled this guy who entered do we even use the word? the white house to the grounds? in my travels, which i've been not an active on-duty agent. all over the u.s., i've never heard anybody use the term who would say that unless to redskin in a derogatory fashion, right? embarrass active duty agents? and you look at the logo of the >> they're willing to take the redskins, it's a proud native embarrassment at this point to american. there's a redskin theater up get rid of this management the street in oklahoma owned by team. they're fed up, neil. i get the calls every day. a native american in tribal territory. they're upset about this. it's not that offensive. neil: dan, thank you very much. it boggles my mind that we can curious about that. good seeing you again. watch "jersey shore" where they now there is pressure to cap spending. throw out expletives way worse the push to cut spending on
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defense that could leave our than redskins. forces defenseless. >> the fcc should come down on and flyers, you could get sick on your next flight, it depends the "jersey shore," that where you're sitting on that completely offensive to people flight. from jersey. why lizzie is very happy she's >> don't you think the fcc has bigger things, seriously, to ensconced in first class? ♪ worry about. neil: with indians and the atlanta braves, and i don't know, it's out of control. >> it's silly and ridiculous. there are bigger problems that we have to deal with. neil: and people are childish and keep saying redskins, redskins, redskins, redskins, mr. daniels. mr. daniels. look at this. what's this? clicks are off the charts. yeah. redskins, anyway -- back to ebola and safer to yoshi, we're back. fly first class. reports are giving more yes, sir! attention to cleaning first ♪ class seats than they do coach. tracy, that makes me think a more shipping! more shipping! ♪ lot of folks want to upgrade. apparently the seats in coach [ beeping ] are not cleaned. >> i know, when you're traveling with 52 kids, you ♪ can't upgrade. what's going to happen is the post-9/11 thing. everyone is nervous, no one is going to fly. the airlines are going to hand
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out hand sanitizer and go on. [ beeping ] "hello. you can go ahead and "have a nice flight."re." >> it is creepy. ♪ music plays 2 billion people fly every year and they don't clean the table in front of you. >> you could have gotten anything that the point. >> i love what the "wall street ♪ music plays journal" looked into it and asked the government asked the fda who is to make sure the traveling can feel like one big mystery. airlines are clean? go check with the fda and the fda said go check on osha. it was who's on first and you're never quite sure what is coming your way. second game. neil: they're working on the redskins. >> right. neil: where is it going? >> well, here's where it's but when you've got an entire company going to go, i believe. there are no antibacterial who knows that the fewest cancellations protocols in major commercial and the most on-time flights are nothing airlines. in other words, there's no thing they go through where they wipe the seats with stuff if we can't get your things there, too. to clean it, better get on with the handy wipe or hand it's no wonder more people choose sanitizer. they're going to begin charging i think a $5 surcharge perhaps, delta than any other airline. that might be the answer where, they clean the seats, they wipe
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them down, the hand rests and seat belt buckles, you are turning around a plane in 20 minutes. >> you're saying we are going to have to pay a stewardess to come by with a 409 bottle? >> yes. >> maybe everyone get an ebola cover-up for five bucks. >> the michelin man. neil: first class or coach, the bottom line is that a lot of people say since this ebola revelation, maybe it's not safe to fly at all. is it that bad? >> the stocks have not been in the upright position for sometime. ha-ha. neil: you are just the worse. >> they are hurting their brand with the fees, and now that the planes are dirty, it's going turn off passengers. >> go into one of the bathrooms, you could get african syndrome in the bathroom. >> is that a listed disease. give me an e.coli virus. neil: bottledat
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vod k thi. : wee toeed is a youe g hav lot ppleho hold off because we were told that there are ways of monitoring this ebola thing and ways not to, and we're told it wasn't exactly the way they said. that's not good. >> that's not good. delta and united airlines are . neil: so the fight against isis stepping up, cleaning their and how it could cost billions to defeat isis? planes whether it's first class and coach remains to be seen. >> the first two seats are lawmakers are pressured to cap immaculate. coming up,utiohe firing military spending. is now the time to slow down defense spending? highest-ranking military member to have ever been elected congress. admiral, good to have you. what do you make of this move to rein in defense spending? both sides have strong views at the top. what are you saying? >> without question, the yo, bro, you on woo-woo? capability against isis is are you kidding me? fully fund. everybody's on woo-woo! but neil, the defense strategy that came out this year based [elevator bell rings]
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on a 25-year-old model, that woo-woo? lock and load, people! we're going all in on woo-woo! general powell came up with. it says in the new defense mark! comp us up a profile page! strategy we will fight two susie! write us some posts! we'res simultaneously in asia i want sponsored woos. i want targeted woos. on land and that's what we're we need an ethnically ambiguous woo-woo mascot. going to build our force structure for. dude. are you still on woo-woo? you know as well as i do, throwing more money into naaaahh, man, my mom's on woo-woo. education isn't going to give us a better education system ♪ unless you have the right strategy. in the halls of the pentagon we didn't think about a china then. they're trying to dominate the south china sea. we weren't trying to have a force structure based on the strategy. neil: admiral, if we're not really living in the modern times, do the modern times require more money? less money? i look at the military budget and say that's a lot of money we throw at military. i'm not saying i'm against protecting us, but maybe we just reconstruct the funding we have. >> we do. look at the high end is going to be china. that's not land, that's in air and a sea battle, if we ever have to do that, heaven forbid. "hello. you can go ahead and "have a nice flight."re."
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neil: by the way, on that ♪ music plays notion, i keep interrupting you, if china were to act up in hong kong, would that justify a response on our part? >> wouldn't justify a stop of ♪ music plays going into hong kong. you know that is china territory, we may not like it or dislike it, it is china traveling can feel like one big mystery. territory. neil: natural fear is it extends to taiwan, you don't share that? >> absolutely. here's the concern, the term it you're never quite sure what is coming your way. uses for taiwan means we own it. that's the term they used last year for the south china sea and put out fishing rights. but when you've got an entire company look at this. an aircraft carrier today can who knows that the fewest cancellations strike in one day 10 times the targets it could do 15 years and the most on-time flights are nothing ago. that means we have 150 if we can't get your things there, too. carriers' capabilities worth. do we need a better sensor system to lay quietly in the it's no wonder more people choose ocean so we know where the delta than any other airline. chinese submarines are? neil, we're building the wrong warfare force rather than what
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the new air war burdens for us. neil: isis and how to prepare for that. worst-case scenario is it costs 22 billion dollars if you add troops on the ground. something the administration dad,thank you mom for said this oftprotecting my future.you. says isn't bandied about yet. thank you for being my hero and my dad. where does the money come from? do we reallocate sources? military families are uniquely thankful for many things, more money, what? >> 25,000 troops on the ground, the legacy of usaa auto insurance could be one of them. which we shouldn't do. it's three to five billion dollars if there's no troops on if you're a current or former military member or their family, the ground, no more than we have today, advising, that is get an auto insurance quote going -- i believe that we and see why 92% of our members plan to stay for life. should come up with that and pay for this war as we go forward. put it off-line, i believe they have to remove the sequester where it's insanely congress said every program has a hair neil: what's the deal with the cut equally. continued secret service screw what they have is set priorities and i think also ups? neil, this situation reminds me, they have to get its own budget. the year i left, the cost when i was in the army, i started when carter was overruns for the fiscal year president, finished under 2008 was $300 billion. i think they have to get that reagan, behaviors that slid
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under carter were no longer better, too. would i ramp up defense strategy if we get the cost accepted under reagan, it is a overruns fixed? absolutely. they don't have either of those mind set thing. most military guys don't flip yet. neil: admiral, thank you very over this president, they much. i think you are right on a lot protect of as much as the man, of stuff. he is their commander, most of >> thank you. neil: three star admiral. when we come back, redskins, them put protecting him over what they think of him. redskins, redskins, i'm staying bob in chicago, neil, the secret now while apparently i can and service protects our commander those in washington still can. in chief regard less of 3rd and 3. political parties, so far, but 58 seconds on the clock, one thing i take exception with what am i thinking about? you calls president the most foreign markets. asian debt that recognizes powerful man in the world, right the shift in the global economy. now putin seems to be that you know, the kind that capitalizes on diversity person, all right we can just across the credit spectrum disagree. and gets exposure to frontier and ashley, north carolina, i and emerging markets. if you convert 4-quarter p/e of the s&p 500, don't see what the bothi bothers its yield is doing a lot better... about, the president was not there, when he is, he is not, we if you've had to become your own investment expert, maybe it's time for bny mellon, don't need a secret service. a different kind of wealth manager sadly ashley we do. no matter what you think of the ...and black swans are unpredictable. president or these incidents
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involving secret service. we need a body, an agency in charge of protects the most powerful man on the planet, stan in utah, down be a dope, secret service director did nothing different than any others, firing her will accomplish nothing more, i could not disagree more, julia person should go, if no other person than cooling dismissing a knife wielding gonzalez breaking into the white house as unacceptible, that did you not cut it. she has to any. kevin, writes, okay, what would you do? >> first, i would take the responsibility for the secret service, out of the president's hands. how can he say anything critical about them, these are the guys protecting him, i say give it to treasury secretary, whose office oversees the department, and take the president out. why should guy whose life is in their hands, be in compromising
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position of hiring and firing their boss, pete writes, if you were president, secret service would have it easy, if they lost you, they would just have to check the nearest denny's there you would be having a grand time, and picking up the tab for everyone in the rift rift, that restaurant that is the kind of guy yo you are, you who who wano harm you. >> this secret service would shoot you and try to make it look like an accident or let anyone run into the white house and finish you off, secret service protect those that like and respect, get it, cavuto? i get it porter, your fam famous dark play, not this kind, crack pot. i have no idea what i said, just sounded mean.
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anyway, pamela, you seem to come down hard on secret service give a pass to banks, talk about a twisted alleged journalist with a warped sense of values. the two have nothing to do with each other, pam lark pamela, in secret service. i am not as hard on the banks i figure that government has been hard on them already, if you watch this show, i have argueed that banks are no saints, but all of these politicians, throwing these obscene finds to cover theire own stupidty. kennedy: pay attention next time, we're doing porter -- sore you and porter not watch the show, i want you to g scoot down the broadcast bench. see you tomorrow. kennedy: news, caught up in
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ebola beat down. raise a glass to brave hodge konhong kongkong protesters, ths have a impact. so much easier to get steam ruled by news cycle drama. remember the signer at nelson mandela's -- that nut bowl was feet from president. we lose sight of goal, to keep an eye on the freaks who run things, you are hedge on the headlines, they are growing bigger, and their money -- for v.a., and s
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