tv Cavuto FOX Business March 17, 2015 8:00pm-9:01pm EDT
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brilliant concept. [laughter] good night from new york city. >> 5.5 trillion a spending cuts no more obamacare a complete overhaul of medicare and a budget that balances not in tenures but eight years for good witness a been listening to me yesterday because they provided a blueprint that shows they have the backbone after all. welcome everybody i am neil cavuto. as alternatives go there and get more in the face the and this. the house plan that takes almost all priorities and unceremoniously dumped them. nearly $2 trillion of tax hikes our history expanded
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funding from school nutrition programs to a variety of welfare programs and in their place of budget that might mix those sequestration cuts but promises to make up for in domestic cuts everywhere else. democrats already cried foul and even republicans to get their shot to morrow saved me very careful. but what i like about the house approach is the recognition of what we face bottomless using a play scrooge consider they're still asking congress to spend $43 trillion over the next 10 years about $6 trillion less than we are slated to spend now. that is still a lot of money and the cuts are really just cut in the growth of spending not our right cuts in aggregate spending for any year. it is braver but i would not
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go out on a whim to say it is pray for foolhardy. is an important step in the important direction that offers a path to entitlement cents a not servitude but a budget that recognizes map that understands the addition and subtraction. last night at this time i was deboning republicans might have forgotten what happened last november this is their way to say no we didn't. so now count me impressed enough for the efforts that democrats are senate republicans will embrace or that the president will veto but they're making the effort. where you doing? to ben stein. what do you think? been a kid is an experiment noble and purpose but like prohibition and never works. they never get the spending cuts they make teeny tiny
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little tram's around entitlements the main saying that it does with that gosh darn sequester if it does that and nothing else goes through then it is well worth the effort. defense is the ultimate goal to spend more than adequate amount then it is a great achievement for mankind. >> i hate to sound cynical but i cannot let you in the i to say that i buy that this is really where they have decided to take this. i wish i did. it is braver but not brave because if they're really serious there would that have moved for cloture for the filibuster. there but that have laid down every single time, and it would not be spreading
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belli that somehow we will default on the debt because they know better. >> it is not brave it is foolish. a year not living under austerity any more. neil: we never did. of your definition last year's was austerity i should take it to the pound rose a buffet. we don't know the meaning of love bird. >> but those who were hurting were lost their jobs they were preventative measures to make sure they could survive during tough economic times. right now the only thing that keeps the lower class afloat are the preventative measures to have health care there are families who cannot pay for school lunches so we will spend more money? that is ridiculous that money goes nowhere.
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neil: see you think republicans are losing the base? >> of middle-class is not kept afloat by government programs but by their hard work and discipline -- just eight minutes. wait eight minutes. you don't do that here. they work. not because of government entitlements if they are poor they should get government help. >> this is completely exactly what he said and don't forget. neil: you were interrupting him the whole time and i do agree with him? [laughter] >> obamacare is not a subsidy for the port but it helps the middle class afford health insurance.
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neil: we don't have the money. >> then we shed support the middle-class. >> raising costs and never helps the middle class. somebody has to get that out of their head. raising cost never saves money. >> math does get more complicated when you spend money. is money in and money out. >> don't take health insurance away from millions of people. i don't want to end up in the emergency room with a broken arm. >> that is not how obamacare will help people. >> i have obamacare and i.m. middle-class and most of my friends out of. >> but you probably already have health insurance anyway.
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>> but i have health insurance and i bet you did. >> i did not actually. but let's not make this personal. it took away low-cost health insurance for those who did not need to pay. neil: step back i am the first to say i am not a fan of everything the house is doing i don't think it stands a snowball's chance in hell to be passed in the senate or by a president who will likely reject it but it is the first of to a knowledge of fact that entitlement spending is out of control something has to be done with medicare. i am not saying privatization approaches the answer but it is a step in the right direction. the you are not satisfied? >> no. i love their finally sounding like republicans and concerned about what they were elected to do but
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i have a more cynical view they to go back to their constituents to say be voted against obamacare if they were serious there would not have voted for cloture. neil: if you look at this quickly to at least to give them credit from what you don't see is a problem but i do. >> we do have a spending problem where we spend too much as defense. >> are you insane? defense is much smaller percentage. >> if this is about winning elections. >> no. it is about the defense of america. we can afford all of them and we do not want to lose our country because of inadequate defense that is more important than
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everything else put together neil: and let's get the time. [laughter] thank you all very much republicans are not just fighting to get a budget deal but against the iran nuclear deal but they say it would not be bad for drivers lifting sanctions of half a million barrels of iranian oil clinton says that is run the price is really a drop. if that oil hits the market is that factored in the? imitating get has. ever since the top of the i am lifting sanctions we have seen in the price of oil fall premiere $4 and fall dramatically this week i think the market has already priced this in and the ayatollah has he is already trying to cut deals with big energy. so we're seeing is partly
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reflected that would happen. neil: but wouldn't others be agitated by that? it comes on line then all the sudden their prices and currency tumbled? >> absolutely. saudi arabia has been fighting to protect its market share. they're not happy that i read in -- a rand it's a global market they don't trust them and they shouldn't and we should not as well. the other people that really should be upset are the west's energy producers talk about lifting sanctions on a iran to export oil, what about us? left our sanctions to export oil. neil: that is a very good point we have no rules in place to stop them that we have that honor man doing the same thing.
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>> we want iran to send their oil it is okay for them that we don't want that coming from canada oh my gosh that would help the canadians. don't you think lifting sanctions would help iran? this is why they're coming to the table lot because all of a sudden they had an epiphany. neil: you might have a future following this a real market. thank you very much. phil flynn. neil: but whatever cash drivers have been saving their putting it into their savings and not doing much shopping. talking to the parent company of saks fifth avenue and lord and taylor in used to be the ceo of toys r us. what you make of this there is a clear disconnect?
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but they are not running to the stores. >> a think things are better than there were one year ago so it is definitely better but they're still trying to restore their balance sheet. they need to respond at marshall field but we are growing the sack authenticity having stores running to the value shopper but the internet is growing. neil: that means that that is of value shopper. [laughter] >> and they offer a tremendous values there. neil: i kid with you but you have not seen that impact yet? get of a like to see where sales go in march and april
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the numbers from february or influence from the weather it was pretty hard to go all-out. closing sales were flat so we will seek. neil: deal think given the slow wage growth the economy may dip back? >> i personally don't feel that where think it is better than it is not going great guns there is a lot of overhang because of consumer values that have changed that is why we are investing heavily. we do see in general shoppers they're doing well to correlate with the stock market. when people say the shoppers are not out there that isn't quite accurate. neil: a wal-mart or target shopper but there gravitating to the target --
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a discount store. >> target is doing good automobile sales are up. i don't think it is robust there are a lot of issues but it is not like it was before either. neil: good to see you. wire these workers balancing on this board? a workout while working. ♪ no super-slow-motion footage of trucks splashing through the mud. no cowboy hats, horses, or hay bales. just a ram 3500 that, head to head, can out-tow ford's f-350 by more than one and a half tons.
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month like one year of what i watch so what are they doing to bring that type of the price gap? baby to see the value of with a touch of it is something for gore rest or something to watch when you are just to linger around that is why we are leading off the new tv segment that you cannot start things off with anything that -- less. than zero is apple on the verge not only how we look at a watch booktv itself? >> i think apple is doing a great thing. internet tv is taking over. slang box is adding networks left and right. neil: but you could say apple is late to the parade. >> but they are typically
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made to the parade but they make it very appealing that is why customers go for it. neil: and nbc would not be a part of that because it is comcast? >> it could be a small issue by people who care about the show's like "breaking bad" and the like that. neil: cavuto. >> espn. neil: fox news. fox business. >> absolutely. neil: i wanted you to say that. but it keeps your brain focused but the glasses with special senses measure the brain pattern then send them to your glasses of your mind wanders the glasses darken the way you to trade on what you we're doing the
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increases narrow plasticity that looks at the brain's ability to form connections. have no idea what that means but fortunately you do. is a big deal? committed to be great for people with learning disabilities or eight ph.d. aurochs is some. because sometimes it is so hard to focus and it will let you know, if you're actually learning and retrains your brain so you learn how to focus better all the time. neil: how did they know if you are not paying attention? maybe you just lot of it deeper? and then the glasses stevie wonder opt? >> that is also part of tech as it gets better refined can better tell. neil: is a better than a the google class? >> it is said different item
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that is as smart watch on your face but it is a training tool. neil: because those google glasses were stupid. >> eight maybe do that that right now they're focusing on applications. >> it was only a select group of people and it wasn't really. >> people were being hit by cars while crossing the street. >> sitting all their desk you were not only standing you were getting a little bit of a workout. it seems like a lot of work for me. by appeared to tell you what is going on. a lot of offices have the standing desk we were not sitting down is this the next wave? >> it could be there focusing on health programs
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urging workers to get up to move it could be an easier way to incorporate that. neil: i just want people to be productive i don't know if sweating is the way to go >> it isn't really like exercise the you are moving a little bit. neil: fair enough. this looks like a lawsuit if i would trip and fall someone in the next cubicle. >> i would probably do that. i am not coordinated and there are people that were sport -- skateboarders. neil: their party animals. of all these technologies what looks the most promising? timothy apple to be packaging is the biggest deal right now. the others are in the future neil: interesting. thank you. hillary cannot shake emails.
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is what she gets, i get from media perspective left leaning media just, lighting her up. neil: they did that 8 years ago. >> they did? neil: barack obama made an appeal. i wonder if just on left, the inner resentment of the clintons? >> i think that hillary clinton sometimes seen as female gordon gecko, too many ties on wall street. too hawkish. and she polls very well. now. because she is not a candidate yet. every time she gets in front of a microphone the numbers go down only appeal she has, she could make history being first female president, she could win. but what record does she run on?
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i think they would love to have an elizabeth warren in. >> with hillary clinton they see someone who could get elected but have a tough time. >> absolutely. i saw that press conference last week, she was trying to explain the e-mails, she came across not genuine. she reminds me of frank underwood from "house of cards," she is not likeible. she knows bill clinton butly is no bill clinton with her charisma. and she could not close all her answers brought about more questions. when she performs, it does not go very well. she is vulnerable. she will not not be a good
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candidate, mitt romney lost 3 a couple million in 4 states. you compare her campaign to barack obama who was at least crisp, they see a losing candidate here. neil: what about bigger guns enter the race, that changes the complexion. the race. i mention john kerry,al gore, just my quacky idea. look at big names, al gore in 1992 when bill clinton ran. that historic lesson is, don't wait. >> i would argue there are no big guns, john kerry secretary of state would not drop that job now. negotiating with iran. >> sure he would. >> he is a losing candidates
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those in 2004 from a beautiful skwraourbggeorge w. bush. neil: what about al gore? >> what about ale al gore. neil: he invented the internet. you are tkhrao*eufring because thriveare -- thriving on it.>> there is no plan b that scares the heck out of democrats. neil: okay mr. smarty pants. >> at least you called me mr. neil: a fox business alert housingo high alert new numbers showing that recovering could be craping out, but someone saying now is not the time to freak out. >> remain calm, all is well, all is well!
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some say it could be the weather. should you be worrying? kendra is whatever we're seeing in housing systemic? big orangutan more or more worrisome? >> no, one month does not make a year everyone freaks out with bad numbers. neil: several months, showing a meh . >> we have bad weather on east coast, and west coast labor dispute at the port, that done now, february was a bad month for new home starts. however the biggest issue is tightening inventory that is keeping prices elevated. we have less than 6 month supply of inventory and something has to give to get back to more stable real estate market.
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but, over long-term builders are positive about this year. neil: are you? >> i don't agree with jason. neil: that is interesting because he has not said a word. >> i am tired of hearing that weather is responsible for every bad economic indicator 2014 housing was not a good year, this year we hear first time homebuyers are stepping in. i have yet to see that. we don't need more homes built we need jobs. neil: how do you see housing in the interim. until we get those jobs. >> i actually disagree, i don't think we're seeing the jobs. looking at labor participation place and employee rate that government continues to talk about. we have 94 million americans in february that were not even looking for a job. i think without a job businesses create jobs, jobs create wages and with wages we buy homes without wages --
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>> how long do you see that? >> until we start to really embrace free structure and top taxing -- stop taxing small business. neil: how long a year or more. >> a year. neil: kendra? >> i disagree with jason on every point except that he is right is nul millennialss cannot get in the game. >> that is only in uber luxury market not in middle class. >> east coast and west coast. neil: not in my neighborhood. but, nothing like we experienceed in early 2000s. before the big hit right?
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>> no, neil, i have said it is hard to have a national debate about housing market. it is regional. i think that jace an is wrong there are errors that don't need to be more building that don't need more supplies inventory but there are millions out there. >> we have an affordability issue in america home prices went up too fast, building more home when we can't even sell the existing homes is a bad move. neil: you are very depressing to talk to. >> sorry neil. >> i agree. neil: thank you how would you like to inherit a house from your mom and dad. it happened to a family with a by ar catch. -- bids ar biz car catch -- bizarre catch, find out right here. >> and a main taken down after yelling jihad on the plane.
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>> no, come on, come on. >> can you imagine being on that flight. tackling a passenger who was yelling jihad on the united airline flight. airline stocks are edgeing higher. to jonathan hone ag -- "harry potter and the sorcerer's -- where in -- why they are notafraid. >> i love screaming that tape, his face is pushed in carpet. the americans were protecting themselves, this is america. after 9/11, the last big high profile time we had something like this, people said we'll never fly again or shop again or build tall buildings the
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airline stocks, 52 week highs said that is the resilienty. neil: it was cnbc saying that to put your stock where you will. i am wondering united quickly turned this flight around, there is something we don't -- i am wondering whether tempers will be frayed this summer, airline push more seats in, flights are booked. you know they make money hand over fist. fees in left and right i know you travel. private. but, sort it out. >> i know you travel with a seat belt extender year in is a lame similar vote. neil: that is fine, enjoy your last interview. >> they don't mind it too much really, it is a value airline
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travel has not riz nene cost -- risen in cost, even with the bags. neil: i don't think that means they like it, it means you can't walk on l.a. from new york. >> let's go to what you said about question will they fly again, dispute this, last year was safest year in air travel history. >> are right. >> it is going to be inconvenient, but stocks and investors are still going to want to put money in profits as long as oil goes down that is more tailwind, at airline stock. neil: jonathan, with his final appearance on the show, too bad too, i really liked him. >> thank you. neil: a company to put a pin in tech bubble, and make it burst. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both
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neil: time for our biz blitz. we're looking at tech sector. not just public companies. valuation of companies liking to go public, they just keep on soaring, pinterest. almost obscene. it looks like a bubble. should you be worried? >> these are private equity deals, they are frothy, but these are dollars that have individuals made in other buckets like this. they are seeding money sprinkleing it aroundnese are notnese theseare not for your average
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investor. neil: that is smart guys saying we know this is crazy but we're gunning it. >> to a gre agree this not a proxy for the market. look at the nasdaq the tech names whether apple or facebook, they are not selling outrageous willousvaluation, this note technology that is driving -- not technology that is driving nasdaq but biotechnology. you talk about a small sector of the market, i don't think it is a representative of a bubble like in 1999, where you had a whole bunch of companies not any of theme them were real businesses. neil: all right analysts predicting how high tesla stock will go. they might want to consider, with every drop of oil prices shares of tesla dropping with it argument is that, if oil
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gets so cheap that attraction of the electric car. >> i could be wrong, i don't think that anyone is buying a tesla because of the gas prices, this is a sexy technology vehicle. they are intherese intrigueed by it, i think that issue is you have likes of vw, bmw porsche with a new electric sport vehicle. the competition is lining up. neil: they have to get on the range. the problem with the car is the range, tesla talks about a model closer to 800 to 1,000 miles on a single charge. it worries them they get range anxiety. >> sure with lower oil prices you lose your marginal buyer you always get your limousine green car. they wanted to seen driving that green sexy car you lose our
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marginal buyers for reason, it does not become has sexy to the nongreen concerned person. you have to find out how far they can go, where a charging station would be and with oil prices going down, does not cost as much to drive the other sexy cars whether a maserati or a porsche. and how to do an electric car big car companies with a lot bigger pockets are coming in with competition. one final point. tesla selling at outrageous multiple. times their earning look at 400% growth rate next year that is great until you see it purts company at 254 times earning still. neil: wow maybe this is why people don't trust expert, coca-cola blasted for hiring
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nutritionists. >> i did not buy christmastime the commercial with snow man and sapa santa claus drinking coke, and i did not buy one about the kumbaya and singing through the field, drinking coke. neil: i am thinking, if we make the can smaller you could say it a nice snack. >> just two drops you will be in great shape this reminds me of old movie sleeper where everyone is eating chocolate cake and steaks, saying we used to think these things were bad for us, but now we know they are not. most is marketing whether supplement trying to do damage control on things like mcdonald's and coca-cola. neil: that is coke on-line one
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they want me to be a newertritionist. newertritionist. >> think this republicans lost their budget backbone? wait until you hear from viewers who think it is worse. some with a latest budget have lost their soul. 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.
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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 td ameritrade. you got this. neil: what is deal with republicans and their think about in the house, they want more money for defense larry in new york city, worries they don't get it. they know what they come up with the president will veto, they must know if they abandon sequestration cuts, democrats will do the same for everyone else. and victor, this is a political document nothing more, nothing less. they are all political documents. howard in atlanta you are missing the point of what republicans are up to, laying a
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blewblue prip for prin for the future. you may be right. >> did the pope really just say kill isis? was he invoking name of jesus to say jesus would kill isis, genocide cannot be tolerateed. and group behind genocide cannot be doing it. maxine likes our question, what would jesus do. >> i believe turning cheek for one slap, for multiple slaps he would say enough is enough, and kill them all. >> you could be right. >> what would jesus do, what does jesus say? clever. >> rover jesus would be pissed. never in new test.
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new testnew testa meant did isee skwraoes skpus jesus and pissed together. pete you talk about jesus in any context is funny because you are so evil, get it, it doesn't fit. pete. you explaining yourself does not fit. because you appear so inane get it? to be fair, pete is not only one with problems with me, cavuto, shut up, shut up, and one more thing shut up, i hate listening to you outside of that, do you like the show? kelly you might top change channels -- you might want to change channels. >> i have a problem with your show keep quiet until your
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guests finish their answer. >> i will say that, you do get hottest chicks on your show, no matter how boring you you are i can always count you to get the most incredible women to pontificate on any issue. good for you. >> there is nothing hotter than a big headed hoty to make the financial news kitten purr. you have written before haven't you? >> there is neil, you are so handsome today wine colored tie, dark stripe suit, that is just one of my get ups. >> who dresses you? ringling brothers? i really do get a kick out of that one keep it subtle. you look like you are mcing a carnival, but a lot of shows you are, carry on.
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