tv Cavuto FOX Business January 27, 2015 8:00pm-9:01pm EST
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initially three felony counts. >> now we can prosecute the prosecutor. faq. that is it for us tonight thank you for being with us. good night from new york the the. neil: welcome, everybody. i am neil cavuto. the northeast is frozen in the economy freezing over? here is the difference in most places the snow has stopped falling but the bad news on the economy it keeps coming. good luck for stock traders trying to dig out under an avalanche worried that it started with a surprisingly weak durable-goods orders of 3.4% drop that could be called into question its businesses are ready to wrap up or spend now. by the unlikely from microsoft or caterpillar or dupont or united technologies. the common problem is the
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dollar is strong and will be eaten up sales when translated. good news on consumer confidence that prices are edging back a little bit. something is going on and not just the weather but the recovery that looks more than a little flaky to not at all. what is going on gary? >> we came off the rose the "state of the union" address but the reality is today's news hit harder than expected. with six years of economic growth now we enter the and chartered territory could this be the year things change? it has really turned into corporate caution as it did a panacea but what people are concerned about what is
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happening. i think oil is a big concern right now it could have the volatility clearly people investing right now with the vix index double digits with oil around $46 of beryl. neil: you lost me because you are so smart. but is this a sign of things to come with more companies of more worries? >> i think the economy is of good quarter / bad quarter but we just had energy prices dropped 50% and it still isn't helping. we have a rough road ahead the wing for bird. i do worry about the central-bank to be involved every single thing every single day in the markets are reflecting that a little bit.
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neil: looking at a strong dollar is a great testament to capital worldwide but you are arguing it is limited? >> will get the global picture that we are so interconnected it is a domino effect around the world. it has caught some of the corporation is by surprise to say we will keep the spending on the sideline instead of risking a the capital expenditures that is two-thirds of the average person then we could be in for a slowing quicker than expected which is bad news for the economy. neil: last night you were mentioning this but is this part of the extremes?
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id in the scheme of things we're doing okay. what do you say? >> market's overall our range bound. but keep in mind this is my biggest problem, last week the european central bank but tomorrow it is the central bank. i dunno if albania will show up. there is so much interference talking about the dollar because the central data are crushing a the currency's enabling the dollar to skyrocket. you see the earnings and that we start reacting with they're trying to do over there. neil: do we go lower from here? >> we got 50 percent of the markets of the bear market
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and 50 percent of global market or 5% trading range right now. neil: i will be that there. >> this is the start of the roller-coaster ride. we may see intense volatility average investors hold on long term but make sure you know, the risk of your portfolio to make sure you cover your assets. neil: phil flynn says the storm did not help but do not think it is smooth sailing for us. what are you looking at? inaccuracy's a lot of power outages have people going through disturbances. if you have cold weather with no power is one of the worst things. has in many parts of the country the prices will spike that will cost every consumer a little bit of
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money. but over the long run nationwide it will cause prices to go down. we saw a lot of demand destruction because of the storm and a lot of planes did not go and people did not go to work and did not use gasoline even though it is a short-term spike but the heating bills will come down will work. the caveat is what then is mother nature have next? with another cold blast the prices could go back down. but in the near it -- the near term they could retreat again. neil: bundle up the york governor says more storms are on the way and he knows why. >> that is part of the changing climate and i believe with a new extreme weather pattern. it is something we have to address to -- adjust to that is costly and dangerous.
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neil: "fox business all-stars" mark, you said the governors head is in the clouds? >> the governor and the mayor are in a tough spot favor damned if they did or didn't but to support climate change theories they say there is no causal relationship between any single storm in their theories. so asking if there is of debate moving to policy solutions those are usually bigger government than the government picks winners and losers with auto emissions or energy production we are subsidizing wind and solar which is not a good investment for the taxpayer but penalizing coal producers we should have a level playing field for hydro and nuclear the stick that do not emit carbon instead of winners and losers. neil: but not too long ago we talked about global
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warming sun now use to climate change. so now the key at 2014 though work this year on record. but they say that atmosphere is what is producing the storms to make it so bad. what do you make of that? >> the explanation from climate scientists say snowstorms slowdown with more accumulation to become more selling in -- it's more severe but i am not an expert so the governor has to have humility. is a complicated scientific issue. even if we could determine man-made climate change is causing catastrophic effects so then what k and we do
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about it for what should we do? >> my big worry is the reasonings. we start spending money we really don't have with a probably are not 100 percent sure would be solved many say the earth is getting warmer the way that plays out is anyone's guess. because then they said we would all be wearing bermuda shorts. >> do you remember the speech last year that the mayor gave to the un when he said because of our reckless ways of living of how we live that basically that is causing climate change or global warming or whatever term they use this year. such a key play being human beings with the scare
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tactics that we make a huge impact on the climate changing or the big storms is preposterous. a gets to the point where they end up building policy. so is new york city they've made a goal to reduce by 80 percent greenhouse gas emissions by 2050. they set up the big aggressive programs in hopes it would stop the globe from getting warmer as scientists are tracking it will get warmer by 1 degree and it comes to a point why keep putting the blame on the human beings? but the climate will be changing. neil: to follow this very closely but we would have a lot of storms like a geiger counter now they have some
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bigger rationale. and i worry about that because it means all paid your wallet. >> the politicians should turn to the act of god clause. this comes on the heels of superstorm sandy creating impact. the climate will do what it will do. you have to be careful how this translates to policy solutions. so right now it is just talk so we have to monitor because we know that the far -- the free market control emissions. >> i still wonder what it was when i was a kid. you will be back later in the show. thanks. of all these republican presidential candidates it turns out we do. now i know what charlie gasparino was doing last
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neil: forget march madness let's get ready for g.o.p. that is because the divisions are looking like the aa tournament break down. good to have you back. >> i will shave. neil: did you do any work at all in davos? >> yes. neil: understood. >> i found a good restaurant by the way. head was amazing. [laughter] neil: tell me about the
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bracket. one guy who are really like a former house majority leader working on wall street we started to chat and comes up with an interesting analogy is like like, not to the prediction but it is like the n.c.a.a. brackets in march madness where you have various clusters of candidates. >> and with the establishment group but i think jeb bush. neil: what about the other brackets? >> in the second bracket this is where it will rise from ultimately.
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neil: let's go a little further. this is the passion part. with that skilled politician in the bracket is mike huckabee he is camera ready, a smart, with the former the fox news anchor he is intellectually brilliant. neil: bayou give him the edge? >> because he is the best politician. neil: this is like a the wild card sohu is in this group could be merged? >> i think it is ben carson but i don't the key has a shot because i really do thank you have to be a professional politician to win this thing.
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neil: but it says each group has two more to its leader then fight it out? >> each one will merge. and it made a lot of sense. neil: i don't know if we have this but what were you doing? >> is such a city where sunglasses. i was outside. neil: that was outside? >> i had on my jacket. neil: who were you trying to be? >> talking about the suns at cnbc were threatening our
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guests. neil: to put on the glasses. day you like it? neil: but you did things? i have decided to have done nothing. >> i did interviews. they say stuff without saying stuff. my job there was to go up to talk to people behind the scenes which i did a lot of. neil: is better lot of time and restaurant. >> that is where people hang out. [laughter] at the bar at the hilton. neil: what about the swiss cabdrivers? >> i was downtown. by the way the contract says first-class accommodations and there were not first class but they were centrally located so we
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could walk around. [laughter] neil: your parents has popped. but the president has been trumped by candidates letter seriously considering a run. but one former bush aide is not taking many of them seriously. maybe you heard the bracket comparison it will cut down to each of those groups and find a single winner or finalist? do you agree this is the only way to little this town? >> site en impressive -- impressed with mike huckabee. as an item in hollywood and it is all about flashy and rhetoric but he is not done anything. but not only that the b the
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country is ready for an adult like john k. sec or scott walker. neil: so you gravitate to the midwestern governor group? >> i do. and the country is ready for the mid term is the democrats got shellacked they did not like the policies they wanted the country to go back in to have success for people that our legitimate. neil: i think scott walker is the one to watch not just for his reaction but quietly he has done a lot of things that those around the base want to see more of. >> what i like about scott walker he is a good speaker and has improved immensely.
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that is important. look what he did with the unions. neil: you don't think that is the boomerang nationally? >> they are dead anyway. but show some spine is very important with a good midwestern ethnic. and i think given a chance others would diverge and i would take walker any day of the week. i take that is where we will find the next president but not those under just trying to sell books are have reality shows. i think they have done a good job to have less debates in to have more control. we will see what happens. neil: good to see you. thanks. remember the obamacare promise? >> i will not to sign a plan that has one dawn before
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. neil: it's time for neil's spiel. the mainstream press, pretty much buying hook line and sinker that our deficits are no longer big stinkers as a percentage of gdp, they're coming down. everybody whooped it up are they serious? celebrating the half billion dollar deficits need i remind anyone whatever deficits get added to the debt that no one disputes we have because for every dollar or more that we spend and take in that old $18 trillion debt pile keeps going up, up up up up.
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it's like maxed-out visa bill. look at it this way, you figure over the years, you've had it. because you earn more money now, it's not quite the burden it was when you got it. bottom line, you're not doing squat to deal with it are you? you're making the minimum payment to get by unaware in so doing, overall balance is getting higher. the difference there, of course, is that's your money, that's your choice. this debt is all our money and the guy spending it aren't giving us the choice, and how do you think we would respond to them telling us they're spending, well, spending all of us, and our kids into the grave. we tell them to put the shovel down and stop. but they're not doing that are they? instead, they're fooling us into thinking things are good because we can manage the deficits we have failing to remind us that the debt they are amassing is killing all of us. interest payments on it alone are now costing us more than
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all social entitlement programs combined. one thing for politicians to lie. that i expect. it is quite another for the mainstream media to let them. that i won't tolerate. and neither will tea party titan radio host extraordinaire best selling author jude lauden. and republican house as well what are they doing just letting this happen? >> hello, cromnibus bill. they are continuing to spend, and it's so typical, neil of the alphabet soup media along with the mainstream media to be their microphone. if they were cooking the books in a wall street firm like our government is cooking the books and using accounting tricks to say this is reducing and we have the great economy going on, they would go into the wall street firm, lock up computers and take them out and handcuff them.
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neil: they already have, if you think about it if anything looks untoward they are all open like you know what. they practice this on a much, much higher plane, and not a peep out of press. that's what's obnoxious. >> people don't have to believe us, neil. look at the facts. take the state of the union, right? neil: please. >> on the one hand obama said look at the economy is so much better, look what i've done. everything is rosy and wonderful. on the other hand not a few minutes later, he said the economy is so bad that all women need to be in the workforce. so therefore we need to increase spending for day care for women because everybody has to work for the economy. which is it? you can't have it both ways. americans aren't stupid neil they're sitting down at kitchen tables reconciling budgets and know that taxes are increasing discretionary income is going away and they're looking at this and it doesn't matter how
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many times the lame stream media repeats it that everything is rosey. americans know better. neil: you can't ignore the fact all the money tied up in washington, the debt payments tied up in washington is all our money that will never get out to the private sector ever. >> right and the other facts they're hiding our deficit this year, 468 billion. projection right now it will be $1.1 trillion in 2025. neil: gina, we remember the time well, i can, i'm older than you. half a trillion, we could be gagging at that. by comparison of a trillion, it looks terrific? >> absolutely right. i think that americans are catching on. if you take one statistic in our books that you just talked about, we talked to women and we found out that the number of women just taking that demographic has completely juxtaposed. 56% of women supported obama in
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2012. in 2014 midterm elections that number completely switched and 56% of women voted against policies. they are protectors of the home and they're feeling this. neil: very interesting. gina, you might have a future in this. keep at it. gina loudon. >> you, too, neil thanks so much. neil: she does make a lot of sense. one federal program, a single federal program is costing an average american salary just to keep up. that is how much the congressional budget office says obamacare will cost her enrolly, about 50,000 bucks each over ten years. think about that. former office depot ceo says along with premiums continuing to rise or businesses offering their own coverage. this health care thing alone illustrates the point of how out of control this is. wow, that's staggering. absolutely staggering steve. >> yeah, it is clearly not reducing the deficit as we were
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told. this has become a very unpopular law. it now only has support with a third of the population, and you've got the political side of it, too. the democrats are saying defend and deploy and the republicans saying r&r, repeal and replace. neil: they're not going to repeal and replace. this train keeps moving. that's what worries me. >> worries all of us. there are very simple reforms that need to happen here, first increase competition. okay allow the public sector exchanges but also allow the private sector exchanges. allow companies to come in allow competition across state lines, get rid of the myriad of 50 different states regulatory bodies. allow people to buy health insurance like auto insurance or home insurance. you've got to deal with that. you've got to get the government out of relationship between the doctor and the patient. this independent payment advisory --
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neil: already out of control. all right, steve. >> they've got to focus on data and research not telling the doctors what to do. neil: steve, i don't want to jump you on, we're coming to the hard break. we'll have a lot more including something that happened 70 years ago today. after this. push your enterprise and you can move the world. ♪ ♪ but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move
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middle of it. there is an ongoing civil war inside of libya which gadhafi was trying to head off when nato talked the united states into leading the intervention in there, and we broke it apart. now we have somalia, only with oil revenue and much better weapons. neil: so are you saying we made a mistake taking them out? >> we made a huge mistake, absolutely. neil: sort of the devil you know embedded in the devils you've come to know. >> there is nothing wrong with stability as long as you have a modicum of control over what's going on. if you think back on that deal we told gadhafi give up your weapons of mass destruction, and he did, and then he found himself totally at the whims of the politics of europe and the united states. so look, i'm not a big gadhafi fan, he was a really bad guy. we attacked him for good reason back when we flew f-111's and navy carrier-based aircraft after the bombing.
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neil: look what's happened since, captain, good points to all. thank you very much. >> you bet, neil. neil: 70 years ago, 70 years ago today, the first images reached the world. soldiers liberating the auschwitz concentration camp revealing a brutality. erie black and white films of corpses piled up by the thousands and emaciated victims not too far from joining them had victorious allied soldiers not saved them. the world would come to know this place and all the other concentration camps like it as a holocaust. genocide on such a massive scale. the comprehensive of 6 million largely jews killed staggered the imagination. alveeta king says there is a reason why the soldiers filmed what they saw 70 years ago today to make sure the world would never see it again. but it has happened again, and dr. king says in acts large and
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small. inner savagery this daughter of reverend a.v. king and the reverend martin luther king says this must stop. especially when we read the ongoing attacks of brutality in the middle east and paris, we don't learn. >> neil, when we long term auschwitz 70 years ago and you say paris and isis and all of these incidents, i'll even mention all the babies in the womb. 55 million of them. we're looking at enough the just a skin color issue as we've heard a lot about racism and all that. my uncle martin luther king, jr., and his brother my father, a.d. king would have called that man's inhumanity to man. it's not just about skin color, not just about the haves and the havenots but people will disagree about the most terrible issues and that is what we're seeing. we must remember.
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young people will say why are you bringing this up? that was 70 years ago it's not going on now. if we don't look at history, it can repeat itself. neil: even your dad and your uncle said that there is -- i'm paraphrasing here and crassly so, the pain in the butt factor to address racism then because a lot of good thinking americans at the time were disgusted by the images they saw. but they didn't have the energy or even the wherewithal to take the next step to stop it and the same could apply to outbreaks of violence and butchery and beheadings that we're tired of dealing with the crazeies and would rather ignore the crazies. you say a great peril? >> movies like "unbroken" for instance jolie with the concentration camp movie. "selma" when you saw the people
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on the bridge my dad was there, i don't know if they photoshopped him out of picture. dad was there. these are man's inhumanity to man. people being cruel to others. like i tell my grandchildren, use your words to heal, don't pick up weapons and try to eradicate people who don't agree with you. that is not the message, and king rules on the chapter of peace, we deal with the real rules. i'm glad you remembered this and i'm speaking to young people today. if you think that this is irrelevant, it isn't. neil: it is not irrelevant. i'm sorry, you mentioned "selma" the movie, say a best picture nomination largely shut out "american sniper" was not, it got six nominations but getting grief from the extreme left. what do you think of the "american sniper" reaction because he has been termed, that is the hero of the movie, as a butcher himself, as a
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savage himself. what do you think of that? >> well, i just say, this and i hope people are listening, you cannot answer force with more force of a similar type. that's just not going to work. neil: you think we've glorified it. you think we glorified it? >> that's the issue when you do that. when you take the slices of history, remember it's going to be peace and love that are going to resolve things and we've got to keep that in the equation, that's why i appreciate the opportunities and to have the conversations, neil. neil: even though you sounded like michael moore just there. but we still love you. >> oh, no! do i? neil: we still love you. alveda king. now i know why vladimir putin rides shirtless. he just lost his shirt!
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. neil: in tonight's biz blitz, putin is hurtin folks over at standard & poor's 500 cut his country's credit rating to essentially junk. you say beware wounded animals, especially desperate, shirtless once, why? >> absolutely because a russian bear when cornered will attack. these sanctions are having an intablt on the quality of life in russia. the ruble has dropped by half in the past year oil experts, critical to the economy have dropped significantly since the slump in the oil prices. so they're in trouble. now what's interesting is what
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is a dictator to do? putin controls the state media. approval ratings are at 80% if you can believe it. what's going to happen as these sanctions continue to wear down this economy there's a greater threat he will either invade the ukraine or at least back further attacks on the ukraine. yesterday he said that ukraine army is like the nato foreign legion. so clearly he is cornered, i think he's struggling with the economy. because he's a dictator he can control the perceptions of his people. if the approval ratings drop he will need to rally the people. neil: there is always a rally around the flag, jimmy carter experienced that in the early days of the hostage crisis. there might be something to that which should worry us the worse things get for him, the more we should worry not cheer, what do you think? >> we're looking at a weak russia, for some of us the weakest russia of our lifetimes.
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what happens when there's a depression, oil price over world history, that's when there's been a warm of relations between the united states and russia. very important mistakes at the united states making with regard to the situation in ukraine. this is a story mainly about oil prices. if those continue to come back up, if they do come back up that's better news for russia. they're planning a 1.4 trillion ruble anti-crisis program as we speak. we'll see what kind of anti-crisis measures they take. neil: mercedes take up the next issue, more important to russia than kfc, it is doubling down on unhealthiness with well, the double down dog. now mercedes i know you don't have these type of things. i want to let you know what it's about. a hot dog covered in cheese and wrapped in fried chicken. >> i've seen the pictures. >> i say home run, what say you? >> i gotta tell you, i love a
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good kansas new york strip any time okay? but that double down meal whatever you want to call it, it's pretty disgusting, quite frankly. >> you sound like a girl. >> with the marketing tactic was brilliant. they did this in the philippines, they only offered 50 of the double down double dog sandwiches, and they sold quicker than quick. neil: bingo! that's my point, let the people decide hadley. >> let the people decide, if they want fries with it. go add it. neil: hadley, what do you think of that? >> more of a publicity stunt than a long-term addition to the menu. i have tried the double down sandwich, it made my fingers greasy. there's a reason we put bread around sandwiches, to keep your hands from getting greasy. neil: aren't we all classy? [ laughter ]. neil: marc, i argue that we have fun with this.
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my point is it's a great in your face to the food police. it does get attention, what do you make what they're trying to do? and are they inviting the wrath of the do-gooders? >> i ordered a shipment from the philippines to taste test this. neil: i have, too. >> this is a terrific business strategy, while mcdonald's kowtowed to the food police, yum brands which owns kfc doubled down terrific name to the product. they doubled down with this with pizza hut with the triple cheese covered stuffed crust pizza. the waffle taco. neil: you are making me hungry. they are disruptors that are going to chip away to mcdonald's market share. nor jumbo burgers and fries. it's never going to succeed.
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the third issue, attack of the drones turns out the same type of drone that crashed into the white house yesterday, it's very popular. it's among the top ten best selling toys on amazon. you know mercedes, i saw that and said whoa, whoa. what's going on here? >> my kids didn't put it on the christmas list this past year i don't know, i wasn't aware it was part of the top ten list but again when the president came out talking about the fact they've got to put regulations around these types of drones, this is like the most pro-drone supported president i've seen in a while. this is what he pushes out everywhere, in yemen -- neil: he regulates everything else. drones that can collide with a passenger jet he is fine with that. he wants to regulate the toy? come on. it shows they have safety concerns at the white house, that's why they're talking about building a taller fence
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around the white house. neil: normally i'm not one for a lot of supervision and regulation. when it comes to this they're all over the place. we're just waiting, aren't we? . >> the possibilities are great. i can see why. neil: what do you think? go ahead marc. >> so you know, the government employee who was responsible for this evidently was drinking all night and went next to the white house and flew the drone over the fence. neil: like you haven't been drinking all night and flying a drone over the white house. >> i haven't bought it yet. the white house is going to get behind a new public service campaign, don't drink and drone or drink and drone responsibly because of this incursion, this is like a scene from the next toy story movie where buzz lightyear is flying the quad copter over the white house. it's silly, ridiculous it's a statement about the administration's drone policy, and what is up with the secret
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service? i means, there's some reason -- neil: that is a whole other issue. i like your white house analogy. hadley, bottom line here there are a lot of these things. people are worried it's going to get out of control. do you worry about that? >> right, the irony here neil is in washington, d.c. it's already illegal to fly toys like this, and it didn't stop one from landing on the white house roof. yes, i would understand why people are afraid the toys can have cameras attached to them, could be an explosive attached to them. neil: you don't know. >> i'm waiting for amazon prime air where they can use the toys to deliver my order to me in 30 minutes at my house. neil: maybe from the philippines can you get the sandwich delivered quickly. >> exactly. neil: you are all good sports and good sense of humor which we need. what is the deal with the democratic congresswoman demanding federal workers get
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paid parental leave? the people who pay those folks's salary respond. those folks they would be you. after this. rlds full of heroes and titans. for respawn, building the best interactive entertainment begins with the cloud. this is "titanfall," the first multi-player game built and run on microsoft azure. empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud.
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announcer: what's the deal, neil. neil: and what's the deal with that blizzard of the century. elsewhere, but in the big apple not as big a deal. deflated footballs and inflated forecasts. glad to hear your own guys screw it up, cavuto. we got it right about boston, didn't we. then there's sally in alaska. we get snow, the kind of snow you guys wouldn't understand. that's the truth. and you big city wimps can't handle the truth. in the middle of all this snow from liberals demanding more money for more nonsense, that's how i put it to car enemakarenmaloney.
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we're broke. now is want not the time. i'm a business owner. it does not add up. there's no additional cost as you pay her. she's not needed. cut the job. i'm with you cavuto. federal employees work for us. now this congresswoman wants to give them a better deal. not happening. robert: you should have asked how much annual leave and sick-leave government employees already get. i have a friend that works for the government and he gets one day for every two days he works. ken: isn't that an oxymoron. federal worker time off? paid parental leave. these guys are on leave when they're not on leave. let me get this straight, we're running this huge debt. american taxpayers are already paying through the nose and this witch wants to steal more dough we don't have to
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provide yet another benefit for federal workers we don't need. is she nuts? well maybe but she's not a witch. be nice here. sarah: the problem with giving employees federal leave, we encourage them to keep procreating. we should have a one child work policy to make sure they don't breed like rabbits. you could be right sarah. maybe you're right. maybe that's what the pope was talking about last week and i missed it. federal worker steve in washington is furious. just because i barely make six figures cavuto, are you saying i'm superfluous. well, yes, steve, i am. professor donnell at the bureau of labor statistics, i don't -- you have a nerve to insinuate such with the congresswoman. what if we could get paid the money you're getting paid to sit there and read the telepromter. >> you've written before, but stay classy
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professor. and you try reading a prompter. i mean, without the taxpayers footing the bill. this is a private enterprise bucky. [laughter] that will do. see you tomorrow. >> a world record car collection. >> he just kept going. he never stopped. >> i believe his goal was to have one of every car ever made. >> a maverick driven to leave a mark. >> he went to the auction, bought the whole lot. >> his family promises to carry out his grand plan. >> i think there was a feeling of dread, relief excitement, and enthusiasm. >> love it. love the hair flowing. the top down. >> but can they fulfill the patriot patriarchs dying wish? >> you don't want that car oil on your hand.
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