hospital here is a plane crash landed on a golf course in venice california and nobody was flying with him and nobody injured on the ground. good night from new york. neil: hold your breath because the shark says we're trying to. welcome, everybody. i am neil cavuto. the delta jet is not the only thing that gets off the runway market to bin says nasdaq will start to slip and slide which is a way to save history will repeat itself in nasdaq 2015 will not be that different from 2000. >> if we thought it wasn't stupid to invest in public internet web sites to have no chances of succeeding back then but it is worse today. the filing in to the nasdaq

and with the latest to will not be the last. gary says get ready for bad and john the field say that they're just way off base. why are you worried? >> i believe asset bubbles are created by central banks and we see it in a myriad of places. i have to sheets of 230 biotech said have become public with no sales of the last three years of $100 billion of misallocated capital when hundred square feet places in your city $1 billion not to mention that their private equity domain the price is our our friend. it is an accident breeding to happen but i will say the end of the mover of the bubble is good to the upside but we have not seen that yet. neil: how long does that

last? >> we have a five month movement for an 2500 up at 5,000 usually get a glorious days at the end of the cycle and i think within the next year. >> don't disagree with my good friend about the biotech sector or the worthless internet companies there is always going to be pets.com select at the nasdaq that have 32 percent with microsoft and google and amazon with hundreds of millions on their balance sheets with someone else profitable companies of all time that isn't a fair comparison. has diversified itself some but looking at that multiple going forward compared to something that is measurable we will see a pullback but

not a crash. neil: that is the argument that is different this time. how we repeat history there is sold many more viable companies now that he will have those candidates that are generating anything close but not nearly as many? >> i never want to disagree with a man who's finishing maneuver is to wrestle the ring is a clothesline from hell. [laughter] but my issue is one fulled but around the globe the markets are based on 13 of $14 trillion of printed money and o% interest rates in some areas are negative interest rates and if that is normalize the valuations

will come down markedly. there is no way we have an 80% drop coming because the eliot rations were totally ridiculous but we haven't had a bear market in six years and typically that is a minimum of 30% and i think that is around the corner this year may be 2016 depending on more money printing. neil: there is a separate argument that the nasdaq is undervalued to get as 68 or 6900 to equal the year 2000. i could be wrong but that it isn't really that bad? >> i agree. understand what he says about market policy in fed policy driving up the market values but i don't think we are there because i still don't think they are in a place for money to go if you

look at that many valuations if they spend an extra 500 million to them it is not that much as crazy as that sounds they have so much cash on their balance sheets to see them drive up to valuations that spend money to put it back into shareholder dividends because that means the leadership is not that creative. neil: thanks. in the meantime is this the one that is creating the bubble keeping interest rates this low? but jonathan says we need to worry when they start rising but more if they do not. >> if ephedrine is intervention it is always destructive especially by the federal reserve. people forget the most prosperous era in this country's history occurred before the fed for was ever

created but it does create now and this man and uncertainty in short-term thinking it is impossible to know the days of bond market or stock market crash or extremely low economic growth white japan's lost era of but the federal reserve creates mile investment so why should this time be different. neil: i will leave that but would bayshore fere if it takes its time to raise rates? because that is the wisdom it will scare the market's been you argue they should be scared now? >> it is also taking its toll people are waiting to see when the fed starts to raise rates. think of those sections who cannot even keep up with the cost of inflation because of lower interest rates. so the net result is impossible to tell but everytime government has got involved with markets

destruction always follows whether ethanol, a housing boom and bust it is exactly what they do. neil: so we don't see that hike this summer or the fall so that is a moving target then what? >> i disagree if you look at the interest rates especially long-term they're already starting to move up. so we have the situation historically prayer the fed is behind the curve causing even more uncertainty. witty or a hedge fund manager or joe six-pack think long-term cheers strategizing and intervention in the marketplace by the fed distorts the process completely. neil: thank you very much. what about joe wolf pack? because of inflation. in the meantime is of a bigger bubble about to pop

with student loan debt that is getting downright dangerous? astronomical. >> inflation and ticks along at 2% in the general economy but they are a twelvefold over the last 30 years think kids are graduating walkout with an average of $33,000. imagine with your plan to buy a house or get married puts everything on hold for a long time. neil: when i was the kid we all have to get but even now on a percentage basis? they say with inflation adjusted terms? >> i don't buy that all. starting your first day of your job with $33,000 on your back?

$19,000 i am giving you per year numbers. it isn't like the money is spent on a better education than either. i was told to go eat breakfast and lunch on campus he would be shocked. the omelette station or the sushi bar. the stuff that they get is amazing but nobody can afford it. neil: and tuition freeze? it is very successful and it is catching on an end governor walker tries to do that in wisconsin. neil: sometimes the cure compounds the disease with generous loans. >> now the president wants to forgive the debts of we will have more.

>> it is you and me and every american taxpayer in the country. neil: what about if we reassess? with the skills we have long forgotten? gimmick they will make more water than the underwater basket weaving graduates. and was told schools are facing extinction if they don't change their ways because the middle class cannot afford it. they're giving scholarships to have 150,000 if you cannot afford college on $150,000 household family income who can? neil: so what do you do?

>> cried. [laughter] what do they do? >> of 529 you can take the money out tax-free. here it is the best option not there the you really have to start early to allow that money to compound but in the meantime tuition will go higher. neil: i just tell my kids go straight to prison. [laughter] this is all introspective on her show "the willis report". so as you go into financial hell she will call me tell you. and animal rights groups just took elephants away from the circus and you could be next. you can relax because they

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neil: sorry fat chance no more elephants will fly. ringing brothers will ditch the elephant act for one of the largest in an longest-running sagas is in the country are phasing out the elephants by the year 2018 not because of ticket sales because the protesters are stomping animal rights groups are engaged the act for the treatment of the of act although the circus says it treats them helpfully but it just isn't worth going through the rings over.

although demanding the circus not just roll over. very good to have you. >> it's good to be here. it is good to be anywhere. neil: not of the war in elephant. >> i knew something was up one i saw the elephants have their trunks packed. i am quite aware of the situation and the wing on. neil: but what difference does that make? the kids love to watch such clowns they might miss the elephants they would get over it. >> pt barnum said the elephants in the clowns is on the pace the circus was hong if you take that away what is next? will they get rid of the columns? neil: if you were treated

inhumanely but what about the cities and towns that have these rules even if there is no proof? so the fear is ellison's today or tigers tomorrow? you think the days of the circus as we know which is numbered? >> the circuit is is an evolving creature. the clouds have changed facts have changed tigers clowns and elephants were the staples. i see people do this all the time on television now i know why. they stick their figure in barrier. [laughter] i know these people are well meaning in their belief on the animals to be treated fairly but they don't realize elephants have very thick skin so when you see one of those animal handlers with that boat hook it looks

like they're wielding of them that is like tapping somebody on the shoulder. they don't feel with the the average person doesn't know that. think there is a lot of people that are misinformed how the animals are treated. they are treated pretty good there i spent quite a few years with the circus with ringling brothers. it was working guys clowns guys, clowns, showgirls all the other accident that animals were treated the best out of all of us. even better than the showgirls believe it or not. we were on the bottom rung but the elephants were treated very well well fed and well excite -- exercised and will care for. neil: and carriage rides and the mayor says it is cruelty to forces but there's something going on

nationally that not just isolated to the circus is but they have the fear somehow their combined in the tiny cages that is a natural or the wave a pileup on top of one another it used to be popular but it seems cruel now. >> again with the evolution with the circus, people today are the same that they were 20 years ago what was considered normal bin is completely different now that doesn't mean it is wrong just different. i think a lot of modern day people come with a base their ideas on cruelty to see the elephants wacked or chained down. a lot of that is done for their safety when they're not performing they are exercised and when they retire there is a huge

preserve the their retired gerald -- to. neil: literal they put out to pasture. >> they are taken to a preserved and live out the rest of their lives in comfort and are well taken care of. neil: what about a certain delay was up the real problem for traditional circuses? and that changed what circuses would be about? i don't quite get it myself did cirque du soleil draw attention away from you? >> hard to say a person i have never seen cirque du soleil. neil: you did not miss much. >> it is a circus without animals mostly and mostly

trapezes and gymnastics and they are good i have seen clips but never a show. that might have had an affect how people view the circus as it was. neil: i hope it never goes away. i have taken my kids many times. >> year to a church is because she wanted to see them. >> you are absolutely right. if you have adt with the three rings which am i looking at? >> i do also. [laughter] that is the attention of the squirrel. very good. >> of all the people that has ever interviewed me from the bottom of my heart you are the most recent. >> very good. neil: i'm glad i did not wear that jackaroo would have clashed. [laughter] >> i get my clothes.

neil: ron the zero rileys distributor. my pleasure. neil: rock on. look at the time. check out the latest james bond?

the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.

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or women who are nursing, pregnant, or may become pregnant. tell your doctor all medicines you take. call your doctor if you have muscle pain or weakness, feel unusually tired have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of serious side effects. i'm down with crestor! make your move. ask your doctor about crestor. neil: samsung is in the doghouse google goes over the top welcome back to the most talked-about new segments in all love cable ever get this time we bring you the latest and it is that you to decide if you want to look into a gore buy or sell because it starts here.

samsung? the $30,000 doghouses complete with a paul operating snack dispenser, a hot tub, a treadmill and the entertainment room so the dog can watch tv. he is watching cavuto in the cattle. -- cattle. >> i don't think they are barking up the wrong tree. i think they're trying to keep them selves in the news because apple was still crushing them. so i think americans spend over $56 billion annually on there pets. neil: some spend 30,000. >> for those spending money. >> and i have a german shepherd.

bylaws spend $30,000. >> that says a lot of people spend on there pets. neil: this is not a crazy idea? finigan pass to branch out. they will try whenever they can if it is the dog dream home that i hope it works. neil: but in this video look at the dog. like he is caffeinated. but talk about a technology bubble if you think the spaceship is over the top bin the city is really over the top this climate controlled headquarters is equipped with large translucent canopy is google's getting off track for of doing something

right? >> i. c. thayer doing something right is another example of ambition with a commercial real-estate industry so i do think it is fantastic. in order to recruit top talent uni companies like google and what they're doing today with the climate controlled googleplex or even the people that we work with that is where it is all about. they want amenities and things. neil: who buys the things? whole cities? bin and not the whole city but the people that want to work there are obviously investing in their town and that is what matters. neil: what is the difference of that and of building? >> it is completely contained actually you are in a bubble and there are some constraints.

neil: that is all of washington d.c.. >> there could be the wave of the future definitely. >> attwood go to the world's fair as a kid and they would show a vehicle that would drive on the moon someday. we will never know. james bond has a license to kill and to drive electric. debuting the first though love for -- ever concept car i don't know if anyone should be worried about what is going on in? >> a sink it is exciting but they still have a ways to go. people want to buy these vehicles but i think they need to change what they're doing to increase sales. neil: i thought what ever

you don't get using gas it is using up the energy from the utility's and that comes from coal so you're actually risking making the earth's interior? saw was a rally that clean of a vehicle? >> i can speak to his very time consuming that you have to plug it in so where you save one area are you saving time? no. >> i feel that it will cause more marital fights you plug gittin. people think i'm crazy but i tell you. thank you very much. some people don't show up for the electric cars we would be shocked, chair paying for the of classic cars find out 9:00 p.m.

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neil: forget if hillary clinton use government to emails web worry more about hackers breaking into the system the cyberattacks against the government at record highs amid growing former ubs ceo says cyberterror is our weakness and they will continue to exploit those witnesses it -- weaknesses. you were in the cyber business it is a booming business. >> it is a growth engine not going away. what do jpmorgan jays, home depot, a target and sony have in common? despite spending hundreds of millions of dollars? they all got hacked.

it says ever conventional methodologies are insufficient. first and foremost, our professionals were never trained in cyberbut to create networks or process or transactions but not cyber. state-sponsored attackers have been trained and they are professionals and they are adept at penetrating or systems. the biggest problem is not a software or firewall you have to have a human who understands the attacker and has to do surveillance that the systems and methodologies are passed we need to do active adversarial pursuit. it is what the government and an essay does when they go up against china or a rand there actively looking for attackers so we grow up

with know your customer now it is no your attacker. neil: but it seems they don't take it seriously but what will it take to get that kind of response? even if we wake up the bank account has been zeroed out we're not that far. >> the two most critical it is not this on the ground and taking of the energy grid or financial-services. we would be paralyzed and that is doable and i was privileged to buy with the of for the subject matters their working a new

methodology. neil: who is really behind? >> state-sponsored state-sponsored, china, north korea or russia with brilliant whiz kids looking into roots penetrate. >> then they could be paid servants any have disgruntled employees say you have to understand your defenses for each. neil: thank you. in the meantime feinstein's the strategy it is who he is running against.

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neil: folks say scott walker may have figured out a way to go around the bush speaking as strongly against republican leaders caving at this stage are eating it up. but to be anti-establishment will laud to walker any good the wrong. but your argument is be careful with the bridges your birding? >> is clear whoever is the candidate is for republicans have told of the present a compelling message to bring an end to the conservative movement. and part of that american idea percolated we cannot have our elbows out our

palms out to grow a the economic pie. with the zero sum game. neil: that the vice presidential candidate would unite with the conservative party but there is a sense that whenever nerves were frayed it has gotten worse. for all your father's charm not even he could do that? begins scilicet see that to be bridged. of the hatfields and mccoys? the there will never like or trust each other? >> as you saw in the election in that people want

that type of leader. i don't think he has governed is the way he has promised. >> go back through 2008 but they could work with the other side of the political aisle. neil: but are you worried? >> it is damaging if we let that be the priority that is damaging to the republican party. but do i setback to continue to be the party have no solutions they benefit from the economy and more people needing welfare.

and republicans should be the party talks about opportunity and we have to reduce the tax rates that are among the highest in the world. the covers from the country built on free enterprise. >> but to be part of the low growth agenda but he was among the first the only candidate right now is rand paul. led you thing or that it is more? >> absolutely. it is more from rand paul

but i would say senator rubio has an uh way to reach out to people who have not purchase a paid it as fully as they have should. i think governor walker wants to. >> of food you like? the maximum of four rand paul is doing. he is doing a great job and they do disagree with foreign policy and i think governor bush and governor walker. i do have a favorite bible lot sage year. [laughter] that it needs to be a race. idea is or to be focused against the democrats nor internally.

>> i think it is counterproductive. >> the you do have the country's interest at heart. >> thank you.

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neil: delta air lines skidded off the runway in n new york awarded airport everyone was okay the terrifying for people on board people were wondering why it was even opened.

can we expect them to make the right call? >> so much of it did say a profit motive for you get pushed back from the passengers who want to get to their destination but that said it is tricky with the warehouse you don't know how the storm will develop. and that they just plowed the runway but how much of that specifics is part of the plan? >> and how much is the airport at responsibility? >> of course, . united states air industry is highly regulated it is probably the safest thing you can do anywhere is like a commercial jet in the united states because of the regulations we have are focused on patient safety.

neil: then what happened today? it is just lot of the draw? >> yes. two years ago of a tail hit south carolina ball coming in on their age of light and three passengers were killed they have not had a serious incidents since then but denied the states airlines are pretty safe and really it is more of the economic cost of flight delays are huge. so i think it is safe and the skies are save it was just a fluke. neil: i think an hour those passengers went to have a little celebration but did you hear about this? with restore spending for the first time ever? >> people all are going out

to drink that is part of the equation but maybe people are doing better and there are some pockets with wage growth with their 401k that is a reflection of the better economy but i think it is too soon to call it a trend. >> i do. so with premium wines or spirits across the of board or scotch whiskey the restaurants could get up the markup on alcohol george washington university did a study that shows since 1980 alcohol consumption is down 10% so people are opting to celebrate they feel good the market is that a high so they will buy a little more expensive bottle of wine bin two years ago. neil: i eat before i drink. thank you. here is my getting

entitlement spending under control is we cannot even fecit. the story that will not stop. for something that is not even a real. we have got to talk. after this. the real question that needs to be asked is "what is it that we can do that is impactful?"

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neil: "what's the deal neil?" what about people getting furious over fiction blocks over entitlement cuts that are not real? featured in an netflix show that is made up it doesn't matter if the fate president proposes it in a fake episode to cut entitlement spending you would almost think it is really happening for gore told everyone to call down but it is amazing

me that even if we could not talk fictitious about spending three ever think we could get it seriously to do something? but that commentary has another outcry. >> i always knew that you hated the old people karma will be you know, what. neil: no. i don't know what. which? and matthew, obviously think it is time for the president to do this. neil: matthew? president underwood is not a real he is a character played by an actor on a show that is fictitious. >> use say we cannot even kid about entitlements? how about some of which show messing with mine? >> i am 70 years old and no one will start tinkering with stuff i have work to

life for. don't you see what president underwood is doing? >> forget about it. >> i will give you odds that underwood declares himself dictator by the end of the season to take everyone's benefits away with that make you happy that so? >> really? senator dianne with few if we're so worked up over a tv show that is not real than this country's future is a long. neil: agreed. that is why i am saying. >> come to think of it you look like president under would taller and fatter and dumber but other than that you could be his double no wonder you like what he is doing. he is using then there is a show in rhode island. >> i don't know why these bands get so worked up the liberals should be celebrating one who embraces

power and corruption but wait they have that with the real president. never mind. but from where we sit it is warm and nice so take a deep breath. >> don't you understand what liberals are up to? if they can stifle any entitlement spending today then they can kill the message of fiscal restraint and any messengers. seven 1/2 to admit even a fake proposing cuts of medicare is scary. neil: it is fake. >> naturally one toots dismiss the subliminal thread and you know, very well serious policy today starts with innuendo with points on cable tv before you know what there will be pulling lines from the

house for in fact i saw myself on netflix. neil: i'm sure you did. case closed. a hour goose is cooked at. "strange inheritance" is now. 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.