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tv   Cavuto  FOX Business  March 14, 2015 1:00am-2:01am EDT

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government power. that's our show. see you next week for a new episode again in our new time slot, fridays on fbn. ♪ ♪ night from new york. neil: what is the difference between the company behind mickey mouse or the government that sort of just acts like mickey mouse? nothing cartoonish about the results, everything cartoonish about a government that has yet to produce any results. welcome, everybody i'm neil cavuto, and here's why washington is one glass slipper short of a happy fiscal sequel it is desperately looking for the original. good luck, because cinderella might find her prince but it is safe to say the government will not because disney knows how to invest in the right things, and government in all the wrong things. that is why the government piles up debt t and disney just piles up the cash. maybe because when it comes to making good financial bets,
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disney's fairly terrific. the government, well, more fairy tale. hard to say, this much is not: when disney plunks down a lot of money for something, you know it's given a lot of thought with expectations of making a lot more money. disney's marvel and lucas film purchases are set to pay huge dividends thanks to what will likely be a huge rollout of blockbuster sequels including avenger, the age of ulterror then there's ant man due out in july, and from lucas films deal star wars: the force awakens, due out in december. a new thor, a new captain america, a new guardian ofs of -- guardians of the galaxy over the next few years. well you really don't have to be a superhero to see the super returns. contrast that with government's inability to produce so much as
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one, one taxpayer hit. i liken obamacare to like ishtar. and then the billions it has spent in mortgage and college loan reworks for those underwater to, well water world. drowning in debt left to bragging that it's annual losses are now only in the half trillion dollar deficit range. talk about a bad movie. and the thing is we have no choice but to pay for this one whether we like it or not. even as diey's shareholders or are loving life. where is thor when you need him to drop a hammer on washington say enough is enough? to our own fiscal superhero steve moore. on the difference between cinderella and just sinful. kaley, what to you make of it? >> you know, it's a really compelling contrast when you compare, as you just said, the private sector and disney to the government. i think the biggest case study for government inefficiency and bad investments is are renewable energy. since 1973 the government has put 150 billion taxpayer dollars
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into renewable energy. not .2% of our energy resources -- neil: that's up from .1. [laughter] steve, what do you make of it? >> well, you know, look, i agree that green energy is a perfect example, but there's so many others. i mean the postal sft can't deliver the mail. when i talk to fred smith, you know, the ceo of fedex, he says i love competing against the postal service it's one of the worst-run companies in america. neil: it is not. who dumps on the postal service? is. >> come on they're horrible. look, there's the green energy stuff. my favorite example, by the way, the one that resonates with my kids is when obamacare came out and they couldn't get a web site up running, and most junior high school students now know how to run a web site. neil: to invest money or strategically invest -- of course, you have you have to have money to do that, we don't have that money pause we're broke. but when disney does it, they
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plan it out. when they purchased marvel and lucas films, $4 billion plus they had to think, all right, we're going to have to get a lot of bang for the buck, leverage all our parks, and they've crunched the numbers, and they're going to make pay dirt on this. that could turn into a $10 billion juggernaut for them. not bad. >> yeah. not bad at all, and you contrast that to the government which can afford to take uncompensated risks. perfect example is tesla. tesla was lent $500 billion i believe it was, and they paid it back, but the government got nothing in return -- neil: we're going to be getting to that on a separate level. steve, i'm beginning to wonder now, you know, normally when a company goes before shareholders, they have to bring numbers to the shareholders. they have to say, all right we've had this improvement our stock is doinget = this, ya da yada, yada. i don't know what anyone in the
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government brings back to their investors -- that would be us, the taxpayers. >> let me give you the perfect example. out in california they're building a $70 billion high rail, you know, system that virtually every story shows nobody's going to ride. now, i would say there's not a single company in america that would come within two miles of financing that but they have the deep pockets of california taxpayers on top of federal taxpayers and these kind of white elephant projects get funded. now, look, in the private sector some of those movies that you mentioned are going to probably flop right? neil: absolutely. like antman that worries me. [laughter] >> the people who are going to lose are the people who freely invested in it. neil: very crucial point. >> nobody asked me to informs in the california -- invest in the california high rail system. neil: this is why potential candidates suck up to you because you're brilliant. [laughter]
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kaley he's quite right. that's a company's decision. that's a free market decision. that is our decision. right? >> yeah, absolutely. but in this case the taxpayers are left to foot the bill as always. but to the point that there is taxpayer responsibility, it's our responsibility to demand of our federal government to bring down the debt to make some wise investments, to not reelect the guy who is the cause of a lot of this as you mentioned tesla, obamacare, renewable energy. so it's up to us. neil: have you ever tried on a glass slipper itself? because it seems very uncomfortable. >> have not. i've avoided that so far. neil: cinderella this weekend is going to be a big hit, i think. i know how it ends up. anyway, quick again finish caylee touched on it -- but what is the difference between disney and, let's say tesla motors? disney shareholders are enjoying the fruits of the company's investments that are clearly paying off. it's weird and it's true
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because nobody seems charged to buy tesla's electric cars but everyone seems charged to buy tesla's stock. have you seen this thing? one analyst says shares could hit $1900 for a company where not all batteries are exactly charging. john thompson says let's start wearing, jared levy says time to start buying. you just say it is what it is and don't quibble over the details? >> forget about it is what it is if you look at the real potential of this company, think about this, 71 million cars were sold in 2014. if 5-10 years from now tesla can just sell batteries to 6% of that capturing just $1500 per battery pack, that would equate to $11.4 billion this profits for tesla which by the way -- forgetting cars forgetting the maintenance, forgetting anything else the company does, that could equate -- neil: wait a minute are you
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saying it doesn't matter that they sell the cars but if they're pig in the batteries -- >> yes. neil: john, obviously, investors are choosing that argument than they are the sales argument, and it seems to be working. you say that could be short lived. >> yeah. the battery technology in these cars is not what people really want. they want to be able to drive 4-500 miles and fill up in two minutes -- neil: they're getting closer to that, aren't they, john? >> no, it's the charging time, they just can't get that down. the wiring system, the electrical grid is not deep enough. you can't pump enough electricity through the wires. >> that's the whole point, john. tesla's recreating that whole industry. that's why they're building these gigafactories. and yes, it's a cultural shift, right? we're going to have to fuel our cars for 30 minutes or 20 minutes -- neil: but it might not be so
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environmentally clean. in the end, if you're plugging up to an outlet and that outlet is a utility and it's fueled by coal -- i love coal to death but it's maybe not the cleanest source of fuel -- ironically, it may not be friendly to the environment. >> yeah. you're shifting the source of pollution from your tailpipe to a power plant 50 miles away. it's just a shift of location -- neil: and aren't hybrids in general doing well, guys? i have a hybrid part electric. it gives you the two worlds here. this is all on something that plugs in. >> the other thing to think about is fact that we are eliminating -- we ship oil by truck, right? if we could change that and maybe just deliver oil to certain stations we're not going to have all this shipping and movement of petrol all around. that eliminates some of that waste and helps to make up for some of the stuff we were talking about earlier. i love it. i think what tesla's doing is
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brilliant. neil: all right. gentlemen, i appreciate it. meanwhile tesla could be taking a cue from japan. like a coiled spring just -- well, on the verge of springing -- because don't look now but japan's nikkei index is on fire. one that took nearly two decades to spark but what's that they say about being better late than never? it's now about the hottest index on earth. up about 8.4% by comparison our s&p is flat. so forget about what's got japan so hot what does all of this say about investors who just sit back and wait? to financial plan pete dunn. if you were absorbing this 20 years ago or waiting for this turn around you'd be in for a long wait. but are there lessons for investors here? and i would liken it to those battered in the nasdaq 15 years ago. to those who sit back, you had been rewarded? >> you're going to get your car washed and you fear it's going
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to rain, and that's why people don't get their car washed, and that's why people don't jump into the market in situations like this, neil. i've just always felt there's really no bad time to buy. there's only bad time to sell. and -- which is tough to hearyou're a short-term investor -- if you're a short-term investor. but as a long-term investor, you know, the time is ripe to start getting some profits finally. neil: you know i think that's a brilliant point. my worst quality as an investor is i'll hang onto something forever. i'm not impatient about dumping it. i just hang on. and i don't know whether that's a good strategy especially if you're just hanging onto a loser. what do you tell folks who, you know be patient, i could see with the index where teem is your friend. in terms of japan, it could be a long time to prove it's your friend, but what do you tell folks? >> yeah, neil, we're not all-or-nothing investors. you and i don't have to the
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bounce 100% of our portfolios into japan and back to the u.s. we can diversify and have a 10% allocation towards that and let it play out as the rest of the portfolios play out too. you know, the more we can take emotion out of investing and just let good strategy take place over time, in my opinion, that's the best way to do it. neil: people always forget too don't t they that reinvesting the dividends and interest that itself is compounding on the side right? >> no. that's true. and i also think if people are that spooked about the market whether it be, you know, japan's going to fall off again or even domestic markets are going to fall off again there are other personal finance strategies to make your money still work. you could choose to aggressively pay down debt or just accumulate -- neil: buy little more when it's cheap, fewer when it's not whatever. >> yeah. i don't think new investors that have been on the sidelines for this long are going to jump two feet into japan right now anyway. neil: you're probably right.
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>> i think the discussion is amongst more seasoned investors. neil: all right. peter dunn, thank you very much. >> my pleasure. neil: meanwhile, this woman getting whopped in the face with a basketball and all because she couldn't take her eyes off her phone. that's because she was watching our brand new segment! [laughter] when millennials have problems they just can't face. time for boomers to get in their face. in 20 minutes they're at it again. >> and what the tech, marty mcfly's flying hoverboard is almost here, back to the future. ♪ ♪ it's one of the most amazing things we build and it doesn't even fly. we build it in classrooms and exhibit halls,
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neil: all right. what the tech? show me the tech. lot of you love our brand new technology segment, but enough about me. this segment that was thought up by me, if you want to see tech before deciding whether to invest i can understand it. like i say, we're here to serve. and today no less than jo ling kent here to show what the bells and whistle guys are serving. jo ling, we should point out that you actually had a chance to try out a lot of this stuff. where were you? >> it was the luxury tech show here in new york, and it was actually really show because it's an invite-only event where the rich and the well-heeled can check out that cool technology. that's me riding on a segway without a handle which is new technology, pretty cool. neil: that looks ridiculous. >> it was awesome. neil: okay. let's go into this. you tried this digital headband.
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what is this about? is. >> well, it's called the muse, and basically it's something that you put on your head, and you hook it up to an ipad to help center yourself. to i look centered there? i don't look very centered. and to calm your thoughts and to focus. neil: is it still -- >> you also use headphones separately. i don't believe it comes with the headband -- neil: and what does it do? >> it helps you listen to the ocean and if your mind wand orers, the ocean starts to crash the waves start to get loud whereas when you're calm, it's more like a calm wave, oceanside beach setting. so the idea is how to train yourself to focus or to calm down. athletes are using it -- neil: do you remember woodstock? [laughter] >> they weren't using that. neil: they were not. anyway, forget a smartwatch, why not go for the whole ensemble? a company called tough is selling, what is it smart jewelry? >> a lot of people are skeptical, but they're pretty
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beautiful in perp. they range from $100-$150 each. the battery lasts a year which is amazing -- neil: more than -- >> more than the am watch certainly, that's only -- apple watch, that's only 18 hours. it allows you to send messages if you want to notify people within your social network, or you can have it set up if i'm upstairs in my office and i need a coffee, i can push a button, and neil ca i view toe -- cavuto would bring me a coffee. neil: not likely. >> this is the juvenilely fashion of -- jewelry fashion of right now. neil: is a jewelry company making this or a tech company? >> it's an all-in-one company called cuff. you can see i'm holding a banging. you -- bangle. you insert this piece of technology, a sensor basically into the jewel isly. so it's great for all ages, according to the founder. he says it's good for people in college who are going out they
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want to make sure they're staying in touch with people in case something happens or say an elderly person falls and they're not able to get -- neil: but we have existing stuff like this. >> this is more fashionable. neil: i got cha. >> and more updated technology than some of the other stuff we're seeing. neil: i got invited to a ponderosa opening the other day fairly similar. [laughter] jo will be covering south by southwest -- that's another geek thing, right? >> another geek thing. it's a big conference in austin. neil: right. they all talk about the latest, coolest stuff. but the future of tech, she's the woman doing it. we've got what the tech here don't we? okay. now i told you that plunking down $150 million for that manhattan penhouse was risky -- penthouse was risky. if you'd only listened, the same exact one is going for a song, $110 million now. when even the superrich are saying, thats' rich, it's time for the rest of us t
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♪ ♪ neil: now, i'm not saying there's going to be another housing crash i am saying there is a crack in the cabana, and i think it bears watching because if it spreads, it's a sign the guys with all the cash are cracking or at least, well, they're thinking spending more than $100 million on a manhattan apartment is cracked. now, don't get the wrong idea. multimillion dollar properties are still very much the norm in at least the big apple, just not the mega multimillion dollar properties. there's a 7,000 square foot downtown penthouse whose owners were originally seeking 140 million, now they're looking for 29 million. there's an upper east side property cut in half. but what if i told you not just
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new york, from miami and west palm beach to malibu prices on eye-popping properties aren't quite as eye-popping? let me be clear, they are hardly going for a song, but when the very rich start saying they'll hardly pay the ridiculous price do take note of the tune. it's changing, and it is worth studying because the fear is this is the stuff that trickles down maybe leads to price points in all real estate markets coming down. it's happened before. you've got real estate watcher katherine clark and the author of that intriguing piece on whether it's happening again. so katherine, you wrote the article. what did you notice and what does this portend? >> well, for so long we've been hearing about luxury really driving the real estate market here in manhattan it's really been the buzz word now for almost two years. and we've seen prices really spiraling up so far that, you know, last month we saw a penthouse on 57th street sell for more than $100 million which was the first time --
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neil: and who buys these places? formers coming in that plunk down the cash? >> well, marketing firms have been saying around 30-40% or those buyers are from abroad and about half from asia but we've seen a lot of russian buyers bra sulk january buyers buy -- brazilian buyers. neil: the russians are losing a lot of worth in terms of oil, the asians are looking bumpy, so that's driving out the potential pool of buyers right? >> that's really what's worrying people. they're looking at the middle east they're seeing oil prices going down, wondering if that's going to -- neil: let's say that happens katherine. play that out. >> well if you look at the falling ruble, russian buyers are starting to sell some of their assets here. if you look at european buyers, we see that the dollar is so strong against the euro now we're seeing them back out of the market -- neil: what does that mean? let's say that top end market goes down to bargain basement, but what does that mean for
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average folks? do they look at that and say, ah, that's new york. that's crazy, just not as crazy? >> i think what it means for average folks is when you look at the developers, they bought the land for these buildings at a ridiculous rate. they're spending a lot to make them uber luxury properties with crazy views really the topnotch stuff -- neil: and they folk to haved in these eye- factored in these eye-popping prices. >> exactly. and if they can't get the numbers they predicted, we could see another crash on that particular end of the market. neil: real quickly, does it go to the rest of the market? >> that's really an interesting question because the reason we're seeing this predominantly i think, is that so much inventory has come into the market on this luxury end. there are really hundreds of properties coming online that only a billionaire could afford whereas on the lower end of the market we're not seeing that at all. there really isn't enough in terms of homes for real new yorkers. neil: well, i'm holding out.
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that $80 million condo, i know i can get it for 70. [laughter] >> i believe in you. neil: katherine, thank you very much, the new york daily news real estate editor. in the meantime, have you had it with millennials moaning? no offense. you should see it when boomers start bitching. >> i'm as mad as hell, and i'm not going to t hey, girl. is it crazy that your soccer trophy is talking to you right now? it kinda is. it's as crazy as you not rolling over your old 401k. cue the horns... just harness the confidence it took you to win me and call td ameritrade's rollover consultants. they'll help with the hassle by guiding you through the whole process step by step. and they'll even call your old provider. it's easy. even she could do it. whatever, janet. for all the confidence you need
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if you're running a business legalzoom has your back. over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here. muck we're not gonna take it no we ain't gonna take it -- neil: and i bet you thought only young people were complaining and whining these days. you should hear how older folks are complaining about them complaining and whining these days. ungrateful kids, spoiled monsters. in my day we'd have given them a wedgie and kicked them in the rump. [laughter] when boomers bite, and not just to scream. >> get off my lawn! [laughter] neil: what? >> what was that? neil: i think they were saying get off my lawn. [laughter]
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on the show that finally gives the not-so-coveted demographic the chance to say whatever, whatever they want to say. that's right, it is time for bitter boomers. almost as hot as what the tech because you never know what the heck will set this cocoon crowd off. [laughter] and playing the part of bitter boomers tonight, actual real bitter boomers including charlie gasparino, steve lead and look what the cat dragged in, senior editor but still bitter just the same charlie brady, in a very rare appearance because he's that angry. guys, welcome. >> my rear end and legs look a lot better than the picture you just showed -- neil: here is the first issue guys. darn boomers are facing the possibility that not only is there not enough money for their retirement because a lot of these kids might suck you dry, ask you to pay their college loans. what do you think? >> this is a huge problem. it's one that faces a lot of our
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viewers and our entire demographic -- neil: but you're going to get the bill, charlie. >> well that's it. you've got kids in school their expenses -- you know, many times co-sign loans -- neil: never do that. >> what are you going to do, turn down your kids and tell them no? >> absolutely. >> you know, neil, it's not just school loans, it's car loans, it's apartments that your name is on. neil: you don't think there should be a rescue for them. >> i'm sorry charlie -- neil: no, you're bitter you're angry. >> i am angry, i am darn angry about this whole school system. the united states spends more on education than any other country in the world -- neil: so you wouldn't bail them out? >> no. neil: you wouldn't forgive some of their loans? >> i'll tell you this, we are number 36 in the world. shanghai students are 36 points higher than -- neil: is that your way of saying no damn way? >> no damn way, yes. >> we need to teach these kids a lesson and to, you know give them a kick in the rear end. we need to reopen a piece of
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guantanamo bay and pet all the debt -- put all the debtors into that prison just for a year. neil: warned you charlie. >> by the way, no waterboarding. they should just go down there for a year just to see what it's like and then maybe, you know, we might forgive some of their loans. >> -- >> you don't think that works? >> yes, i think it can does. >> it's too nice down there. neil: we boomers got some nice things along the way. >> what'd i get? neil: we had very low interest rate loans, and we had college costs that were nearly -- >> i went to three schools. >> neil what you have to realize, first of all they've dumbed-down these tests so so that if you were -- when i was taking the test, i'm not rying to say anything -- neil: that was before they had paper. >> right. [laughter] i had -- right, yes i did. but when i was taking these tests like a 650 or so was like an 800 today. they had to dumb this stuff down. >> is that why i got a 400? >> yes. that's a 700!
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man, you're a lot smarter than you thought. [laughter] neil: you work with a lot of young people charlie. do you see this -- not here, but do you see this in society, that they don't appreciate work ethic? >> there's a lack of appreciation for the work ethic there's also a lack of skills and an inability to work independently, an independent to take criticism without, you know, getting offended -- >> by the way. >> he's so right. >> by the way they hate it when i throw coffee at them. [laughter] >> no. charlie brady is 100% right. i'm friends with some high school -- not high school, middle schoolteachers, ps6 -- neil: whoa whoa, whoa, what are you saying? >> this fella that i'm friendly with he's from russia, he's a tough teacher but he's fair and he's good. if he yells at a student because the -- neil: not vladimir putin? >> no. no no, no, no pregnant girlfriends. but no, nothing like that. he just says pay attention. and the mother will come in and
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complain to the principal, the principal will say, hey don't yell at her. we don't do that. we cuddle them when they make a mistake. neil: maybe when we were kids, we were treated to harshly -- >> you touch the kids today, you can go to jail. >> we got hammered by the nuns. i had sister mary left hook all through grammar school and you learned. you know why? they cared. neil: how did she care if she was punching you? >> she p wanted you to learn. >> it was their vocation. neil: you can understand why millennials are saying we don't need to take advice from you. [laughter] >> still among the very best, they really are. one of the biggest lessons i ever had when i went to school and i went to a pretty good school i debated regis. and oh, my goodness i've never seen -- neil: regis philbin? >> no. i'm sorry neil. i get -- [laughter] >> you know, listen, they are --
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trying to be a little serious here, but they are you know, let's face it, we handed them this lot in many ways because we, the boomers, created a society where everything -- everybody's a victim. and they are -- neil: well, we were little wussies after -- >> i agree. they were just a manifestation of our creation which is this is a country -- neil: we all share the same dna. so what are you saying charlie about this generation? >> i think they need to shape up. they've got to stop instagraming the doughnuts they had for breakfast -- neil: that was me, charlie. you never got back to me. >> they're spoiled. and they feel too entitled because of the buy bias -- biases -- >> how about my idea of gitmo? >> gitmo no. >> i've got a better idea. >> if you're number 36 in the world, you're not going to graduate -- neil: i hear ya. shanghai is kicking our butt. >> bring back the draft. two years of mill tar service -- >> that'll do it. that'll do it. >> just think if you put 'em in
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gitmo and had 'em make stuff like license plates and stuff -- [laughter] neil: when we come back -- kids are you listening? there's a new poll out that says ronald reagan was right government is the problem. but get this, if we had any
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♪ ♪ neil: forget isis, forget illegal immigration or even tit for tat over iran, you want to know what's bugging americans the most these days? the government. the same washington presumably trying to fix all these messes is the biggest mess of all. more americans citing the government as their biggest worry than the economy, than jobs than anything. to republican senator orrin hatch who says that pretty much says everything. senator, that even surprised me. it's a play off the old ronald reagan thing, the government is the problem. what's your take? >> well, that's right. it is so big that it's almost impossible to manage. everything is coming down in this administration to the principal government controlling
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everything. the federal government controlling everything. when the president can issue an executive order that basically jumps as many as five million people over those who have been standing in line, the hundreds of thousands who have been standing in line playing by the rules, living up to the laws there's something wrong with that. the american people understand that. you take almost any other thing obamacare, my gosh it's wrecking the health care in this country. over time it's going to be so expensive we can't afford it, and right now it's pretty difficult to afford it even now. neil: but do you take any umbrage in that, senator, that you might be dragged in as republicans as well they're saying a pox on both parties' houses we don't like the house? we don't like the senate the white house, we're just sick of government? >> well, i think the difference is, is that the republicans are not for bigger bigger and bigger government. we think we ought to bring power back to the states and to the people themselves, and we stand for that. and we think it can be done
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better. we know the states can do a better job for their interior, for the people within their states than the federal government can. and the more and more you build this federal government, the more and more nobody knows what's going on. take cms. cms is one of the largest agencies in government. it's a trillion dollars a year to run cms, and yet that's just a small part of hhs. it's a large part of hhs, but you have hhs running cms and not doing a very good job at that. and you can go into almost all these agencies and find all kinds of failures because the federal government is not going to run things as well as the state and local governments will. and the people want to be a little more free than what we are right now. neil: i'd be remiss if i didn't bring up this whole iran letter, and your colleague, ron johnson, doesn't take anything against writing it maybe to the iranian leaders he wrote it, that maybe who-delivered to was the problem. do you share that? >> well i can say this, you know, i don't blame senator
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cotton for coming up with this letter, and i think basically it's saying to iran, look, what you're going to enter into with the president is just an executive order, and that could be changed by the next presidency. i think that's important for -- they probably understand that but it's important for them to understand that congress has a role here -- neil: no, no, i agree with that. obviously, that's not what he was saying, but you got caught up from the iranian leader coming out and making it the football and not the message. >> oh yeah. it wasn't just the iranian leader, it was the democrats in congress because they're so used to just running everything, and they think they can -- they don't realize they're in the minority as we speak. they're not allowing any votes you know? they're not -- neil: maybe that gets back to the whole malaise with government, right? it's just so out of control in. >> well, part of that is because it's big government where you can't run it, you can't run it from the congress, you can't get congress to be part of it. you've got a president who's out of whack who hates the congress and is going to do everything on
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an executive order basis, veto everything. take the keystone pipeline. my gosh, it doesn't take brains at all to know that's a pretty doggone important thing to do. neil: all right. >> and yet look at what he's done. take the irs. i'm in the middle of the irs -- neil: please. i'm going to leave it at that. >> okay. neil: senator, always good having you, sir, and i very much appreciate your talking the time. >> nice to be with you. neil: orrin hatch. doing a very quick google search during the commercial type in slow as molasses. chances are you're going to come up with stories on google apps. we'll
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♪ ♪ neil: all right. ceos who don't tweet search engines who don't catch and ivy
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leaguers who don't have to dress up for class. david asman dagen mcdowell you get the buzz. first up, why ceos aren't writing anything down, at least on the internet. because when it comes to tweeting or e-mailing, the boss apparently loves being a luddite. i can see -- remember that at sony? if you were a big cheese, would you want to risk some underling leaking that stuff out? i guess i can understand why so many bosses are saying no to this. >> yeah, because they're cowards. when you're at the top, you're afraid of falling off. it's very simple. when you're at the top of a mountain and when you're a corporate ceo -- neil: i think a lot of these guys don't even know -- >> i think they do. you can fall off so easily with an offhand comment on twitter or even in an e-mail -- neil: they're very guarded. >> they are afraid. and they have all their people -- >> cowardly bore, too, and a lot of them don't have anything
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interesting to say on twitter. and if you're quick to be on twitter -- going to be on twitter, you better make it work. richard branson is fascinate aing rupert murdoch, huge number of followers. they're telling people what they're doing with their daily leaves -- neil: notwithstanding. >> yeah. i mean, i think that actually made people each more fearful that they -- >> thank goodness there are only a few anthony weiners out there oh, i don't know, it gives us fodder. kind of miss him. neil: google clueless for two years, the online powerhouse acknowledging it took them two years to notice it was leaking hundreds of thousands of personal customer details. apparently, security researchers over at cisco were the ones that caught it. now google has to explain how web sites registered via google apps got ensnared. >> i think it's time to stop blaming companies for this. if anything, what wa attake hereerehe nmes an
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dress an soorth of people who thought they were anonymous. you can't go on to the internet and be talking, communicating with anybody and think it's going to be anonymous. people have to grow up now. >> but these companies, they need to step up and take responsibility for this. neil: i don't think they can. >> i will tell you why, because of health information. as that becomes increasingly digitized with the health care law with the digitization of all our health records, it is going to become >> should put it up there. >> you don't have any control over it. >> anonymous, i'm not talking about -- stuff that you think the is anonymous is not going -- >> you don't have control over your own -- [inaudible conversations] neil: all these things like dwarf tossing, if i were to type -- [laughter] >> you big on that? neil: look, on to issue three. [laughter] >> i was thinking anthony weiner -- neil: stop it. >> so light, she could be
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tossed. neil: yale university is now offering a full-time masters programming online partnering with a learning software company to create programs for medical crees. degrees. harvard offers similar extension school programs but not entirely online. dagen, what do do you make of this? >> i think this is awesome. i think it could possibly reduce costs, it could encourage people to get advanced degrees. i learned integral calculus off a videotape -- >> i can't pronounce that. neil: you don't want to know what i learned -- >> i'm wondering how they get people to talk like in this online. i mean, it's very difficult -- neil: is that the yale -- >> it's a yale masters. full deal. may i add one thing? neil: quick. >> i want to encourage jamie dimon
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it's one of the most amazing things we build and it doesn't even fly. we build it in classrooms and exhibit halls, mentoring tomorrow's innovators. we build it raising roofs, preserving habitats and serving america's veterans. every day, thousands of boeing volunteers help make their communities the best they can be. building something better for all of us. >> what ice the deal, neil? neil: and what is the deal with shoppers not shopping?
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most americans getting refunds planning to sock the dough away rather than spend it. target laying off 1800 workers because business bad. follow the crumbs and dale in minnesota thinks maybe things are just crummy. it's pretty clear that you don't spend when you don't think it's wise to do so right about now. and there's jim in minnesota: what little discretionary income is left over after obamacare and the indirect effects of current fiscal policy is being squeezed. marie in new york: i'm saving for that rainy day that's already here. d.l. in new york city: i just heard this whole spending slowdown goes all the way up to the 1%. they're cutting the asking price of multimillion dollar condos and apartments. even the rich are saying that's rich. carol e-mails: once again you insist things aren't all that bad. they are, idiot. quit trying to give the president the benefit of the
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doubt. he stinks and his policies stink, and while i'm at it, you stink. the overall economic numbers are improving but clearly americans don't feel it, so that improvement isn't real to them. as i repeatedly said on this show, we are off the mat compared to where we were right after the meltdown, but we're hardly off to the races. by the way, you stink. don't write me again, i hate you. [laughter] meanwhile, the stress test that has me a little stressed. not with the banks that apparently passed it, but the government conducting it. i ask where is the stress test for the government's finances or the government spending abuses? who's checking on whether the government is ready for another financial hit? stacy via infowest.com: yep fannie mae is going to lower their borrowing standards while our banks are under a magnifying glass as the treasury and federal reserve find more ways to print and borrow more money. patrick: it is time for a full accounting for where the money
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went, because it certainly wasn't stimulated much. keep pushing. hannah in maine: i think your comments were brilliant. who is the government to judge anyone's fiscal soundness? there are brains in that big skull of yourselves clearly. really? had to go there with the pug skull? rick: it's not the government doing these stress tests, cavuto, why not an outside accounting firm or rating service? or failing that, go ahead and have the government do it. then take the same stress test on itself. perform one on itself. see how it does. karen writes: neil, what did you mean when you said the government's sloppy spending is behind the meager recovery we have? it is a recovery can, right? so why don't you shut up? well, karen, between the federal reserve pumping trillions of dollars propping up our markets and the president pushing us trillions of dollars more in debt for the nominal improvement we've seen, this is very much the most expensive recovery in american history. so why don't you shut up?
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jack via msn: cavuto you're stupido. jack you're an ass. hugh in florida: i had a close friend who had a cardio stress test, passed the darn thing and died of a heart attack the a week later, so who says stress tests work at all? especially if they miss obvious things. many of these government ones op banks do including what happens if there's a precipitous run on stocks and one on the dollar and one on bonds all at the same time? not among the possibilities tested. shelley via comcast: neil, you really stress me out on your stress thing. how do i de-stress now? well demand the government hold itself to the very standards it demands of others. i have no problem uncle sam preaching, but doesn't he have a right to be playing? what's that they say, eating your own pudding? thanks for watching. don't forget, monday is ask neil
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anything monday. you can get your questions in. it could be personal, it could be financial advice. love advice, many people seek me out. i understand. all fair game. monday we play. p@ ayne. great show. great week. lou dobbs is next. ♪ lou: good evening everybody. i'm lou dobbs. an intense manhunt in and around ferguson, missouri. now on its second day. s.w.a.t. teams have spanned out across the city. they are searching for people who fired on and wounded two police officers. law enforcement going street by street, door-to-door as they work around the clock trying to find to capture those suspects. protests and demonstrations are also resuming in ferguson as the protesters try to put even more pressure on the embattled town. the demonstrations today were orderly and peaceful. bu

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