tv Cavuto FOX Business October 29, 2014 8:00pm-9:01pm EDT
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breathe better. sfx: blowing sound. does breathing with copd... ...weigh you down? don't wait ask your doctor about spiriva handihaler. neil: tonight on neil cavuto, the west africa ebola problem. the white house could be about to bring the problem here. and the fed turning off the governments stick it. the fox business all-stars take the training wheels off. it is the grand old party about to be hijacked? the ultraconservatives have some very serious plans about what they want to do with leadership. you might want to start listening in. and the facebook was killed. what has investors concerned.
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the show starts right now. neil: welcome, everyone, i am neil cavuto. where were you two years ago this very night? okay, we knew this would be bad, now we are discovering how bad. including anywhere from 40 to 60 million americans, we are talking about 13-foot surges along the new jersey coast, we have seen the the new york stock exchange indicating tomorrow no more trading there. back to back days we have never seen something like this caused by mother nature in the better part of a century. neil: that's something that most of us will not forget in these parts. and how could they? there are still homeless and feeling helpless and over is something that some believe is clueless. they're wondering what happened to that $60 billion that lawmakers were in such a rush.
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and two years later, nowhere to be found. they're wondering why why they are being bogged down in the government is giving them the runaround. staten island people filling out paperwork up to seven times partly because the government was losing the paperwork every time. and only 800 homes are now under construction, just over 8000 reimbursement checks have been issued. that hardly seems like a government on top of it and no wonder so many are flat out tired of it. two years after the fact tonight, a look at whether the government can handle this. a government so intent on getting americans lives, all but a morning americans when they desperately do. we have our fox business
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all-stars tracy byrnes and liz macdonald. so let's begin with you. two years, and the weight is on. >> there were a lot a lot of over promises, but the the thing most troubling to me is the $15.2 billion that was allocated to hide, only 1.57 billion with the now two years later. and it's sort of trapped in that bureaucracy or red tape. the government is supposed to do a couple of things and one of them is to help people in disaster relief scenarios. you know that i am sore at the governor of new jersey for a number of reasons and one is that he got to the beach, he said that it was necessary to get to the beach, he prayed and hugged president obama three days before the election, the presidential election. and it was just not team playing. so if you're going to do anything right for these people that are suffering, let's bring the team together.
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>> he created all of these roles and regulations and there are still homes down there and there are still vacant properties and homes that need to be not down. >> it's such a mad rush. and speaking of governor chris christie, he called out speaker boehner and he wanted to make sure that the money would get to the right issue not be spent on other things and nevertheless there it still sits. >> again, we saw a lot of headlines with politicians saying yes, we're going to fix this issue, but look at the associated press polls, only 22% feel that they have even recovered and they are saying that they are fighting against us, people say we shouldn't live in a flood zone and there's a lot of economic growth and activity in these communities.
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neil: they never say that in the hamptons. >> that's right, but this is what happened. they tripled the number of buildings considered in the flood zone, so these people may not know that they need to get flood insurance. 85,000 buildings are considered in flood zones. >> that's the other thing that they can't get flood insurance and no one wants to insure them. neil: we expect the government to do this. and we hope to make sense. >> jacqueline onassis said that her two weeks peopledistended upon her with sympathy and well wishes and then after that it was a dead zone and that is what happens with politicians. they rush in there, they want the photo op, they want to have that up at the moment, but this is a bad execution. neil: they were all kind of
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grimace see that the politicians, slapping themselves on the back, telling them they were doing a good job. >> no one -- one thing they did, they went in for the photo shoot. >> as of january in new jersey, they are still doing this and i hate to keep picking on him. >> what chris christie is doing and what the governor of new york is doing, here is what they are doing, they are doing infrastructure to build levees and barriers because they do feel that the oceans are going to rise some of the that's not helping the devastated housing in these communities. >> you can ask governor romney and others come you can ask scott walker. at the end of the day, it was about him, he got to the beach, self congratulated himself. he said his mom and dad would be super happy to have him jostling
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around with the president. it's two years later and we have an incomplete project and there's been no execution. i'm a republican and so i just broke ronald reagan's 13 amendment or whatever it was about this. [laughter] neil: i remember schumer and others all claiming that they were on top of this and then you had all of these federal officials saying everything was hunky-dory. >> they were not doing the job that they were elected for her. >> what they should've done his protect the american people against disasters like this. president obama to governor christie to the governor of new york to the mayor. trying to build up infrastructure. but the fact that they are not giving these people the help that they need is a disgrace.
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>> a good politician would be accountable. they would say we are going to do it right. until the last time you heard a politician say that i made a mistake two i got this wrong and it wasn't handled right. you just don't hear that. >> you're the first one that knows about the political process. chris christie doesn't have time for all of this little stuff anymore, and that is what happens with every single politician. they get their photo op in the moveon. >> a prematurely jumped on something that they didn't is a trend. when they are unified in trying to address the problem, that's not the same as solving it. >> anger management clash number one. >> it was devastating and the 11 towns that ended up in a garbage dump. it was unbelievably heartbreaking with these families went through. neil: that was then and the
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government keeps having this issue. governor cuomo and what about people like allison who was just telling me that she was out of her home two years to the day. >> they have our paperwork and a receipt. neil: that was one of thengs that governor chris christie said that they would help you with. >> no, none of that. it's all bureaucracy and red tape. i'm paying flood insurance on the house that i'm not living in. neil: something is not jiving that everything is hunky dory. the republican challenger right now. what do you think of what the governor said? governor chris christie remapped saying that things are a lot better and it's proof that we did the job right? >> i don't know how he is taking it to the lab around new york state when at the same time we
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have thousands of people out of their homes, i met with people for the last year, i've had a lot of people volunteer for this campaign who are out of their homes because of hurricane sandy and because they are very frustrated with what is going on. you have the bureaucracy of new york's date in new york city and the federal government, all of which has bungled this problem. we have people getting multiple applications and in the case worker leaves, they can't get an answer from anyone. one woman came up to me and said, what happens with all of the loans i had to take out before i get this and the interest i'm paying? she loses that. she was promised for money a year ago and hasn't received it. i was at a house the other day that was built put on sticks, everything was done to code and then all of a sudden they said no good and nobody told them to do that. neil: the rules seem to be
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changing with state officials and what have you. you know governor cuomo on this subject. he was talking about this. and he said that things are fine. >> what about the criticism from your opponents who said you actually diverted hurricane sandy relief money to put towards tv ads? >> we will put that in the category of more political baloney trades that you didn't use this for tv ads? >> of course not. we ran ads with what the affected community afterwards which was commercials to spur [inaudible] in the areas that were affected. neil: it sounds like advertisements. and i don't think people have thought that that money would be used for this. >> it took $37 million, he took
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it from this that was used for hurricane relief, thousands still out, and he put it on the start of new york adds, claiming that businesses back, everything is back to the numbers came out and new york's growth was 0.7%. and that is one of the worst in the united states. businesses are leaving, people are leaving, the point i put out to cut taxes in new york and to spur the economy is with "the wall street journal" said was bold. neil: even popular presidential candidates campaigning for you and with you, but not chris christie. he keeps appearing with governor cuomo and as head of the national governors association, he hasn't really helped you out and he's been very dismissed it. are you angry? >> i'm not angry. he was one of 900 people that bought a book. that's a joke. but i'm proud of the
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endorsements in the help i have gotten. neil: scott walker kind of feels bad he, too, feels that has sort of shoved him aside and not given him due respect. >> way we get around this republicans is to donate money and he's not. neil: are you bitter about it? >> i'm not bitter about it but i think it's a bad miss it because work on a close this race and win this on tuesday. neil: how would your relationship be then? >> it would be interesting. but i'm not bitter at all because we are going to win this race with or without him. neil: i think that you are, because every right to be. >> we are going to prove that we can win without chris christie. neil: okay, he is the hardcharging root gubernatorial
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image and prove that they don't always have to be the bad guys in the eyes of the media. robert, it's good to have you. >> for having me. neil: you you're very good at crafting the image come you can be a bad guy or a nice guy. but republicans have that image of being the party that constantly just rejects everything that the democrats put on the table and the compliant media just these that. should they gain power? >> first of all, since i was growing up, the gop was always perceived as for the wealthy people. and that's the pert and transfers perception about 95% of the stars are on the left. about 95% of the below the line
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people and you don't hear that. and gop, the average joe, i was recently to iowa and other places, and in coffee shops i hear about how discontented they are with the current administration. and yet those people that may have voted for president obama nationally are undecided and for some reason the gop is not able to bring a message to the every man. neil: you've been able to thrive in exceed in hollywood and yet stand out like a source.
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and so obviously it hasn't hurt your career, you argued with me in the past. i disagree. i want to get back to this notion of whether that community for them, that they are also disenchanted that they but they can't go all the way to say, okay, we are republican now, more conservative now, would you be disappointed in hoping that hillary does better when someone else does better. >> i handicap at it they are still on the left and progressive. but for the most part in terms of those other things, they don't see that the failed policies are destroying america. but i blame the gop for lack of vision and imagination and passion and -- neil: you are right about that. they are very good at shouting out how bad the president is. but when i talked to the senate leaders, including mitch mcconnell yesterday, they argue that they have not been given
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the chance and just watch what they will do when they were given that chance. >> i say that that is the same old bs and i respect all of these gentlemen, but my problem is that, where is the passion and the vision? it starts now with the vision. it doesn't start after the election. if we are so split in the country in this election is so close and i'm seeing some of the polls that they are neck and neck, they should be we out in front. let's take energy. take the conversation about energy. okay, kids in school are taught about alternative energy from kindergarten. they are taught about green energy. so we have generations of children that believe in climate change and solar power and alternative forms of energy. there might be some truth to that. but what i do believe is that
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there is alternative energy out there and stuff that we haven't even exposed at that someday energy might be free for everyone. in the meantime, you have mitch mcconnell in kentucky, the coal miners are suffering there because of the regulations on that. so how does the gop, while at the same time appealing to the youth, send a message that we are not stuck here, we believe that there are alternative energy means. neil: that is when they have to say we are all in on all energy but not at the extent of fossil fuels. among the cast of characters, who impresses you? who are those candidates appeal to you? >> i haven't felt it yet. you know, you talked about it earlier, you talked about what happened with the hurricane in
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new york. my frustration at that time was that i had said send them to new york and new jersey and handing out water bottles, saying that he wants to have the biggest private and public endeavor to rebuild the infrastructure of america. because of you are going to pretend or you want to be elected president, act like the president. there is a guy that i don't hear any of the gop or anyone talking about who's the new president of egypt. do you know what he did to the suez canal? he wants to widen the suez canal. he created an ipo that only egyptians could invest in and he raised a billion dollars in his country, private funds to rebuild the suez canal. and he is a guy that is against radical islam. and he gave a big speech that he had more people outside then
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president obama speech. neil: i remember well. and robert, what do you mean? >> it's hard to say, right now i don't see anyone that is exciting to me. >> interesting. we will watch closely. you tell it like it is. in the meanwhile, we keep hearing that ebola is a problem over there. so why does itri look like a whe house wants to bring it overtheu here powered by microsoft dynamics, azure, and office 365, the team can gain real time insights and instantly share information around the globe. when every millisecond counts, staying competitive begins with the cloud. this is the microsoft cloud.
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neil: well, if you think we here in the u.s. you might want to think again. an internal state department discusses the possibility of bringing noncitizens with ebola to the united states for treatment. now the state department is denying said memo zero. go to the biz thought of it it could be huge. tracy, what happens? >> we don't know what happens. that's the whole point. neil, we don't know the effect of this disease -- neil: we know every person who has come here it's mushroomed into bigger than we can deal with.
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>> the notion that we would brin people people here when we don't know how too to deal with it is ridiculous. there's so much red tape they'll have to go through. for the american psyche, no, bad idea. neil: let alone there are thousands who have ebola. >> we're mixing politics with medicine. remember what matt lawyer said to the governor. is it science, or politics. it's politics. neil: we don't watch nbc. by the way, neither should you. >> i don't watch nbc, but you guys showed the tape on fox. neil: touche. >> you don't want to do anything to upset their political base going into the midterm elections. they already have this very big fear there's going to be lower voter turn out for the base. neil: i love you to death, you think there's a pitch to bring ebola victims to hear and that
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will help the vote. really? >> not shutting down the flights does help the vote. i think that not shutting -- >> i don't know. >> we'll disagree with it, but i'm coming with game -- neil: you can wager away. >> she didn't mind. neil: lindsey. >> you mentioned the no travel ban. they were talking about the no travel ban when they were talking about the state department letting non-underneaths us citizens come in with ebola. the administration is saying anybody -- wants to hurt or stick to the health care workers. no, it's a direct opposite. we want to help health care workers. we want to protect them. we want to protect -- neil: they would come on here -- >> what's the health reason to bring these people in. neil: i'm a fair and balanced guy. the argument would go something like this. if you help the victims
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here, get them better, you deal with the problem over there, contain it over there, help start reversing all the problems over there. world saved, ebola gone, end of story. >> bringing incremental patients here helps that process? neil: that's what i think. >> your facial expression was a little unbalanced, neil. >> i don't understand why we're spending three-quarters of a billion dollars in west africa on what? you're supposed to contain it there, treat it there. that's common sense. neil: they're building facilities and then yet we know when they come here they'll be quarantined. to what end? >> always put in harms way our soldiers. >> no one is being compensated for the work they're doing. people on the front line are being dismissed. this is not handled properly which is why i think it will show up in the polls because there are so many -- sorry. i'm sorry, but tend of at the
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end of the day, people will say my family have nurses. we have seen no protection of these people from the administration. >> there's been no unified response. neil: none. there you're absolutely right. >> that's the biggest issue. why can't we all get together. this isn't a partisan thing. this is a health care thing. let's serve the public and unify -- >> they're doing that at the cdc. that's exactly what they're saying they're doing. neil: they're not doing it. >> without the input of the american people. neil: you heard our thoughts on this, i just go whenever way anthony is going. i say wait a minute anthony. >> that's a unified approach. neil: forget about whether he has any medical experience i want you to focus on where the ebola czar is. they're worried about this. maybe we should start a milk carton campaign to
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neil: and what is the deal with an ebola czar who just doesn't talk? not at all. if ron klain is the guy in charge, why isn't he out there controlling all these other health care officials popping off. i have no problem with his lack of medical experience. but i'm having a big problem with his lack of something else, visibility. where is he? apparently i'm not alone. a new fox poll say 60 percent of americans see ron klain's announcement is a pr move. lots of you feel the same way. gn tweets did ron klain quarantine himself? the visible czar, what a waste of taxpayer money. still another tweets: the czar is in over his head just like the person who hired him. nancy writes: maybe he's off taking a crash course on ebola. richard: hey, i'm sure he's busy.
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he's probably out buying a new car and house peter:i think this was a political move to pacify people prior to the midterm elections. he's on hold waiting to be said to under the bus. ben: he wasn't put on the payroll to fight ebola. he was put on the payroll to control the masses. he's doing a very lousy job if that is true. ken:i don't know where the czar is, but anything is better than a bunch of doctors trying to manage something. we do forget that, the so-called medical experts at the cdc had already made a real mess of things before old ron came along. that was the truth and that was the reality. menial, what is the deal with hillary clinton saying businesses don't create jobs? i have senator mitch mcconnell i asked him that question. >> it's astonishing. it's astonishing. look, one of the reasons this has been a tepid recovery after the deeper recession since world war ii is is this administration's view
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towards businesses in general as if they're the enemy. who do they think hires people. who do they think makes the economy grow? sawn hillary has been trying to dial that back. too little too late. great interview, neil, mcconnell is right. you open a business, jobs created. charlene: america was built on the hard labor and ingeniousness of corporate growth. senator mcconnell is correct. he holds the view that governments makes jobs and hillary put it to words. south: those taxes build the roads. not the government. government is servant of the people. they're not our rulers. then there's steve. i'm a business owner and i built my own company. in 18 years i never saw a dime from the government only they're greedy and out to steal all the profits and then some. i don't need mitch mcconnell to tell me hillary doesn't have a clue. forget hillary for a second. what is the deal with all those corvettes
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behind mitch mcconnell. it's a good question. kentucky is the home of the corvette museum. who knew? well, i did after yesterday. what's a better backdrop for a guy who admits to being dull is rev up the points even if he's not driving up the corvette. i don't know if it's going to work, but the cars with beautiful to behold. meanwhile, hold tight. see this nice lady, some call her the market's mom because she always keeps them calm. well, don't look now, but mom is about to cut the apron strings.
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three. no more qe. you're on your own, guys. that's what he's telling all you wall street guys. how is that going to go down? >> get used to it. now, we can get back to normal markets. we haven't had normal markets in five, seven years. and also you'll see more -- neil: this has been propelled by this. >> greatly. and i will say you'll see more corporate bankruptcies. corporate zombies sort of like they have been dealing with in japan since want '90s. you'll see way more restructuring when interest rates move higher. neil: do you think this run up has been because the fed has kept rates low. >> some of it is related to that. some of it is related to good corporate governor unanimous over the last three, four years. it's related to the republicans possibly retaking the senate. if they don't retake the senate, that will cause some level of a selloff. neil: when you get the reality of the fed out of the markets,
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then what? >> i don't think the fed is necessarily going to be out of the markets, neil. that's the hidden story here. we had dr. ben bernanke, sky bridge interviewed him. the theme that came out of that, lower, longer. so even though they're disengaging from the quantitative easing, they'll keep rates low for a super long period. neil: that sounds like a bubble to me, tracy. >> people should just stay in this market. don't let the noise pull you out and make you nervous. your 401(k) will probably be higher on december 31st. as far as interest rates they have to start going up again. you need banks to start lending. neil: if bernanke is right. -- >> it won't be the interest rates. >> the all-stars aren't addressing deflation. >> who cares about falling prices? who cares? i think it's great when
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you have lower gas prices or oil prices. it's better for energy. >> it's very bad for debt destruction. you see. if my salary gets cut in half and i'm carrying the same amount of debt my debt has doubled it wipes up the society. don't think that janet yell in. >> so falling prices are sometimes good for a society, but deflation is horrific for a society. why? neil: you say that's the greater danger. >> debt destruction. if the debt gets destroyed -- >> you're talking about underwater. what we're talking about here is ben bernanke, the fed can go in and jump-start that program again. (?) they can allies start it again. >> 25 percent -- >> why are we frightening people. this isn't the point. the fed will come back if it needs to. >> i believe that. >> they're going to come back any time they're
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needed. nothing is going to fall off a cliff. let's be clear about that. >> we didn't have the serious recorporate restructuring where you had real innovative companies. >> i'm not worried. >> the fed is still in this. >> i'm sleeping well at night. neil: you better hope you don't own money to uncle sam because these guys might show up on your doorstep. you think i'm kidding? the guy with the story behind this incredible shake down after this.
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a military armed car and two armed policeman at your door. that happened to 70 five-year old roger. his attorney ryan on how it happened. how it all went down and why they're suing the town because of it. roger, tell me exactly what happened, why they claim they needed to bring a swat car to get money from you. >> well, the -- they were there to collect a judgment that the town placed on me several years ago, and they came at october 2nd 8 o'clock in the morning when i noticed the activity out there. there was 24 armed officers, heavily armed officers and a tank. neil: ryan, do you know or has anyone explained to you as his lawyer why the heck that they brought out, you know, all these guys to make good on some money
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here? >> no. what's shocking about this is, i represented roger throughout this, and the town nor their attorneys have ever contacted roger nor me to pay this judgment. after -- neil: wait. they said it's been a couple of years. this judgment has been a couple of years. someone must have contacted him about money owed. right? or no. >> what's been going on recently there's been appeals and other legal maneuvering. its only been final recently. and a simple letter, instead of at taxpayers expense 24 deputies and an armored vehicles. a simple letter or a phone call will roger pay the phone call or should we seize his property? we would have paid it in a heartbeat had they
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simply called us. neil: they demand this money. what did you do? >> it started out a number of years ago with the zoning violation. at that point in time the operations that i had were grandfathered in. the town chairman didn't recognize that, and took it to litigation in several court houses in measure fin county. we lost those appeals and those court cases. (?) and now, as of october 2nd at 8 o'clock when i was doing my appeals for my insulin and my wife's pills for her diabetic and other issues, i looked out the window, and i saw 24, possibly 24 cops milling around outside. and i called 911 at that
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point in time. neil: and they were 911. it turns out. roger, keep us posted. i've never heard anything like this. boy, i bet people want to know how this ends. and we're first and for most there. gentlemen, thank you very much. >> okay. thank you. neil: all right. and i apologize we had a slight audio delay there. is zuckerberg getting too loose with facebook's big bucks. after this.
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should businesses like facebook be more fiscally responsible or is facebook being responsible. >> i hate to sound like ms. jane hathaway. you know what, they blew 19 billion on whatsap valuat of a gazillion dollars. >> we can't very far that. they paid a lot of money for oculus and the like. they're realize, two-thirds of facebook's revenue comes on smart phones. they're realizing cheryl sandburg said cookies ain't playing. we need to get better at our ad technology to tracker's dollar offer on the table from google. >> i'm not a hater. neil: you're a hater. >> she's objective, but i do think he's doing think that will -- neil: not a great example this
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way. spends a lot of money. >> not a great example this week over 20 years jeff has done a tremendous job for his shareholders. neil: do you think he regrets it because he could use the money? >> no, i don't. >> you don't like it, don't be a shareholder. neil: well, that happens. >> but he kind of has the right to do what he wants. neil: we're all for you building and have a strategic vision, but that vision does not appear to be panning out. >> but, you know, he's a kid. he has a vision. he runs this company. if the board doesn't like his vision, they should speak up. >> you've seen the gardens of aol and my space. he will buy things that he thinks is the vision of his industry. >> i support free market and those choices. i'm talking about the gut check they went through visibly. they spoke. we have a lot of expenses. this is going to be years to pan out.
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neil: i love you to death, that a few people said the same of rupert murdoch when he started fox news channel. >> and purchasing the wall street journal. i get it. neil: maybe you don't just saying. >> what is the strategy here. that's what the gut check is. >> and fox business is going to be a category killer too. neil: we're the walrus. anyway onto issue two, apple ceo tim cook on killing off the ipod classic. take a look. >> it wasn't a matter where i was swinging the axe saying let me see what i could kill today. the engineering work to design a whole new product was pretty massive. and the number of people that wanted it, very small. neil: they had the lesson from government here. >> there's a lesson there. without any spin, we're
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a no spin zone on these shows. steve job killed the ipod. on purpose. he said someone was going to kill it, it might as well be me. he embedded the ipod into the iphone. neil: it evolved into a hotter cooler program. >> it's i legacy thing that was out seven, eight years ago. that game was over a long time ago and credit to steve jobs. great companies unlike governments where you start something and it goes on forever. great companies know when the sell by date is and they move out of things. >> i have my ipod mini, by the way. and it works. neil: well, you're cheap. >> continue. >> you didn't even rebut that. neil: guys, i want to thank you all. these are the kinds of issues we'll get into on election day. whether it's time to make some of the spending of the government, sort of ipod classic, if you will, live coverage from
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around the world here in one place. you can get business at another boring place. you get all of it here and only here. you don't watch it, you're out some money and you're not even american. >> the president has more fallen allies. abandoning his failed neoliberalism. harvard had a poll millennials are fed up with the feds. they might prefer the g.o.p. it's what we've been saying on the show all along. those who most expect its help will look for other alternatives. when the state can't succeed, individuals take destiny into their hands. millennials aren't mindless voters despite what people believe. they're an army of independents beholden to no one their search for a better future will hopefully lift our appear they had i can say out of a coma. wh
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