but they usually don't. that is our show. see you next week with a new episode of on the new time slot. friday. fox business. of you said the you thought was responsible for that call. have a great weekend. neil: i and neil cavuto. the daughter boarding last night on this show was meant to scare investors, they had a funny way of showing it. markets raising even after ronald reagan and former budget guy was predicting a huge day of reckoning. within a few of you little anc not over his stockman's assessment of the ticking debt bomb but how he says we got to fix it now. >> we have to have sweeping middle-class entitlement reform, a dramatic cutback in defense. neil: would you raise taxes? >> i would raise taxes in conjunction with doing everything else. neil: you have cut all that out all those people losing social

security and getting benefits scaled-back in your saying here is the second surprise. >> i would raise a couple hundred billion dollars of taxes, cut a couple hundred billion dollars out of the big entitlements, cut a couple hundred billion dollars out -- lou: the good thing about having a mont -- i really have seen the kind of reaction to a guest as the e-mails i got from a lot of you. i will be sharing some of those later in the show it is time for you to weigh in at neil cavuto@foxbusiness.com. no personal insults to me. i don't need that. i am vulnerable. in the meantime to a guy i expect and admire, scott brown, on the cure many felt was worse than the disease. always good to see you. >> i will stick up for you if they come that you. neil: that coast guard hero thing. here is what he would say. we would if we could but he is saying it has to be drastically

curtailed, we have to -- social security extend to medicare and even that won't be enough. we have to raise taxes. what do you say? >> a couple hundred billion here or there. $17 trillion national debt, they are running trillion dollar deficits. everything should be on the table but why is it the first thing everyone says is we have to raise taxes, take money from hard-working americans? how about getting our fiscal and financial house in order, doing that top to bottom review of every federal program. neil: they never do it. >> i was on the committee we did yeoman's work and did that a lot of good first steps of taking the ball and doing dramatic cuts. they need to do it with every federal program. the fraud, waste and abuse is a joke. get the president of line-item veto. slicken the entitlement reform. neil: you want this president was that? >> of course not. neil: take out any item? i know what you are saying.

>> the all of the above approach but to think we will start giving the federal government which is a terrible steward of our many more of our hard-earned money. neil: wall is argued when you were running in new hampshire, revenue does not seem to be an issue. we have taken a lot of money but we this a lot of the way. how has that mentality exchange? >> we have to get new people in office for starters, people respect the value of the dollar. my mom was on welfare. i live in 17 houses by the time i was 18. money and get married and divorced four times. i understand what it is like to hustle to each. they forget in washington, like a little bubble, they just want more and more like drunken sailors keep taking. neil: each party has its own -- >> let's put it on the table. already three quarters of $1 trillion we cut over $1 trillion in defense. i would not cut defense.

neil: the house beeves the appropriations a little bit. >> it is appropriate with all the different skirmishs and issues we have throughout the world. neil: if you think about it those cuts, meager as they were in the scheme of things with the closest things to budget resolve either party saw. >> absolutely right and i supported sequestration. was appropriate because we were going to get back to the table. never going to happen. neil: they didn't do their job and it happened. >> not necessarily a bad thing because there's a tremendous amount of waste in the military. they have pared that down. neil: a lot of people get mad at me like -- i think, $600 million budget -- >> need to make friends for and '40's. they give it to the faa, not the military. you hold it over the general's heads, transfer of authority, ability to take from the training budget and put in the

transportation budget. neil: those are fixed for different areas. >> the president did not offer transfer authority. neil: stockman's view was we talk a good game and never do it. >> $17 trillion 13 $8 trillion over $17 trillion and rising. you have a situation right now where you get government out of the way to create tax and regulatory certainty with businesses you will get the economic engine going even more. offset the necessary cuts but not only do we have obamacare clicking into effect, people are on the offense even though the market is screaming, individual businesses and small businesses we are going to hand off until after the election. only after the next election. if we keep thinking like that we are undergoing to get out of this malaise with people wanting to take some risks. neil: good seeing you. try not to be so good at this contributor thing and posting these shows. >> whenever you need. neil: this prompter reading

thing. >> you did. you are a master. neil: scott brown. meanwhile this market is built on helium. easy money, federal reserve provides the gas. when that easy money goes those green arrows could be going too. market watch they're sure of that. on that point using stockman has it right. >> i do. the market is telling us he has it right. look at what happened this week. for three weeks the market corrected on the idea that the fed may tell us they were serious about raising interest rates 25 basis points and come out wednesday with a surprisingly -- statement and of to the races again. neil: was it dovish? it is delaying the interest-rate reckoning. >> they did but really what surprised markets was there was

a big gap between where the fed said interest rates would end the year and where the market thought they were. they came down to the market so that told the market they don't believe their own forecasts. they are afraid of what will happen if they raised 25 basis points and they keep moving the goalposts down on what will take him to finally -- the market is realizing that. neil: ending the week as strongly as we did the market would like that or are they going to wake up, you have been awake for some time and say this is not the kind of talk you want. >> exactly right. i would love it if this was the key to the next 100, 200 point rally on the s&p 500. but zero% interest rates and not long economy is not the key to significant rally in stocks from here on out. we need a good economy and a fed that is confident enough to raise interest rates 25 basis points, went in to get us going

and they have enough confidence to get us out of this malaise. based on this last week they do not. neil: thank you very much, thank you. it is not as if some brave governments will not find to fix the spending mess. not talking about washington. states are testing ways to get food stamp recipients back to work. also a lot of conservatives are thinking it one step further, pushing to make work a requirement to get those food stamps. adam which in ski, these folks need a hand up instead of handouts. i will show you. what do you think? >> you took the words out of my knowledge i am all for helping people and helping those that need to get back on their feet but this whole idea of government handouts without any type of metrics or measures is dangerous and any type of the entitlements left unchecked those a threat to the economy. that is what we are seeing. entitlement nation is growing. we have close to 50 million people receiving food stamps and

yet we still haven't even come towards it's a place where we are saying we are requiring you to work in order to receive these. what is the incentive to get a job and get off the government gold? there is none. states have the innovation here when it comes to coming up with ideas for their citizens that are receiving these benefits and i think we should leave it to the states to decide. and be something the federal government keep dishing money towards without even thinking about are we reducing our benefit recipients. >> i would say it is a good thing states are experimenting with incentives to get people to work. is reminiscent of the welfare reform programs the clinton administration did years ago. what i wouldn't want to say is if you don't do these things you are not going to get your food stamps and you are not going to eat and tough luck charlie. people do have an incentive to get off of food stamps. it is called making more money

and not having to rely on food stamps for your food. >> we hear all the time stories of the welfare system being cheated in those regards because they know if they make above a certain threshold they won't be receiving as much and they can stay on it and make more and they would have to spend more money if they make the new threshold. i think it is a dangerous game to play and we want to make people more self-sufficient and not reliant upon the government. neil: let's look at that figure. government 15 million some type of food support goes over $70 million, i don't know what the accurate figures but bottom line it seems like a lot of people need some type of food assistance, this recovery itself could be called into question. we are closer to mozambique if that is the case. does that alarm you that the figures are this large? surely not that many. are starving. >> it is all blogging. of course we should lower the figure lower the number of

people we should experiment strings attached to it all very good ideas so long as we don't lose sight of what the goal is. of course we should root out fraud. these are all good things to do but not at the expense of saying to somebody you know what? we are really concerned about fraud so you and your family candy tonight. >> there should be an incentive to get a job and work and maintain -- neil: that is what you made in genuinely in dire need, go out and do some work. >> i am not a heartless woman who is sitting here saying people -- i don't know what adam is saying bind the scenes but when i was in college for example why and a bunch of other college students would allow on spring break and go volunteer and i spent time in washington d.c. in the homeless shelters and soup kitchens and got to know a lot of the homeless population and what surprised me

the most was how many were willing to give up their free lunches provided to help somebody else in need. i don't doubt there is a need to help people and there are very real situations that need to be addressed but we also have to look out for the people who are behind me in the food line who are on their cellphone with their nice coach purse using food stamps. i don't think that is what the benefit is intended for and it is intended for those who truly needs a hand up and need to get back on their feet in the down economy. >> for better or worse i don't think the two of us are that far apart. i agree with everything you just said. >> that is encouraging. that is encouraging to hear. neil: inside a conundrum inside a mystery. i don't even know. thank you very much. in the meantime come again. selling our tweets? how can i read the not 140 characters or less? maybe with a nasty what the heck

coming away and 90 seconds.

♪ ♪ i'm almost done. [ male announcer ] now you can pay your bill... ♪ ♪ ...manage your appointments... [ dog barks ] ...and check your connection status... ♪ ♪ ...anytime, anywhere. ♪ ♪ [ dog growls ] ♪

♪ oh. so you're protesting? ♪ ♪ okay. [ male announcer ] introducing xfinity my account. available on any device. neil: every time i hear that i hear a ringing in my ear. litter is selling or tweets and diane betting they didn't run this by you and i am also getting you have no idea who twitter is selling their tweets to. jo lin kent on what do these guys them looking like read the people. >> you did agree to it. you are using the terms of service. neil: you read the terms of service. >> your data is available for the company to use however if they wish. dierdre: to you that means they. they don't know everything i am

tweeting. >> twitter is a very public oriented social platform. there are very few privacy settings which they are selling the content of your tweets to companies like advertisers that want to still use of. neil: based on things i tweeted people. >> an agreement with ibm. ibm provides the status to all their clients, often consumer facing companies and say you tweeted about a restaurant. and that restaurant finds out about your tweet and they can adjust their behavior based on what feedback you provide but twitter says they are protecting your privacy. neil: no they are not. >> the content of the tweet but of course they haven't. so this is very much a -- neil: olive garden or my thought. >> until you tweet them. but the thing is revenue on this

data management and sales is up 100%. neil: stupid people. do they advertise? speaking, charging on the go a new shoe insert charges your phone as you walk. talk about getting it done. where is the phone? when it is charging this way? >> nodding your sneaker. huge charge by putting a piece of it in the shoe. neil: that would not be a bust batteries back but the phone is crushed to. >> that would be a bummer, shattered, i hate that but there are lots of ways to charge your phone remotely and wirelessly these days. another company where you can hook it into your i am going for what or run and based on that kinetic energy. neil: how long would it take? >> depends on each company. how fast you move or how much you move.

walking 5000 -- 10000. neil: so you have one bar. >> exactly. what the future is all about is wireless charging on a mousepad where you put your phone down to charge. that is where apple is looking. diane: investing in your feet in other words just yet. >> not yet. neil: forget about dragging luggage or carrying your groceries round. of unique is your own little robot. should we then be used to robot friends like this? what are they talking about? >> this is so cute. this is pudgy you are looking at right now. this cost $49 with 20 pounds and with a failed kickstart project they are mostly selling around the world. neil: following this guy. >> but -- neil: drive in the home, not coming. >> this robot -- it actually has

-- tries to indicate emotion by changing the size of its i believe you can see them lighting up. neil: that is creepy. what is it meant to hold? anything you want? >> groceries. neil: lost outside the us for. >> where is my battery pack. this is robotic technology. neil: needs to talk to each other. >> they are dancing doing the tango. neil: husband and wife, no you didn't. using this could be a promising technology. >> this particular technology seems first or second generation to a lot of robotic analysts. neil: and a little bit the dogs like i used to be but the store with it. >> sure. also there is also more dance robotic technology that is actually making a serious difference in people's wives surgeons in the hospital. neil: opened the pod bay door hal. 2001. we better be watching that.

>> the traffic director we talking about. neil: you can't program that traffic director to direct. >> i would have the traffic director send them in the wrong direction. neil: the ft you were using to hit the gas pedal was also charging your phone and you couldn't. >> 21st century problem. so disappointing. neil: i know you are. starbucks is teaming up with usa today to shame of america on race calling at race reality check. wait until you

neil: starbucks mid thing that kafiri ever since it launched its race to get their campaign, hit on the one that encourages

customers to discuss racial issues in stores. may be they're finding out that this is a lot more than a discussion with workout to a quislings you heard me right. my producer found out the hard way and way too early in the morning about starbucks just across the street. what happened? >> morning ritual you going for your cup of coffee, approach the counter, was about to say hi and ac would you like a morning paper? i said yes and that caramel -- that under my arm. there was a quiz or reality check on the back page. neil: until they give you this. you will get free paper and realized this >> i realize they had questions asking how many of my parents are friends of a different race, how many of my facebook friends are of a different race how many times have i been in someone's house that is a different race, things you don't

think about on a daily basis. neil: they want you to hand that they can to them? >> no, they say it is a conversation starter. family and friends. neil: not with the barista. >> eyes and that hash tag race together on the cut is the conversation you are supposed to have with the barista but this is a take away. neil: what did you think? >> it's great the starbucks is trying to save the world but this is not the way to do it. i go to starbucks at 6:45 in the morning to get my caffeine to get me through the rest of the day, not to talk about -- neil: do what is feel the same way? come on, just want my -- >> i didn't see anyone else with the paper. i don't know if it is because they handed it to the blonde girl at 6:45 in the morning and said she would be the first one that could fill this out and have this conversation. neil: he was hitting a new. >> it was a female.

neil: bottom line you wanted your coffee. >> i did is they didn't put hash tag race together on my cup. they gave me my coffee and if they want to talk about it that is fine. and it may be mean. neil: was the early in the morning? >> i have to go in end it's a tight ship here. neil: the producer -- misplaced. hello. and wants to remind you others -- the race campaign what was it going through? >> i think it was unnecessary. this is self indulgent nonsense. can you imagine if all of a sudden we found out chick fil-a is going to have a rapper on it sandwiches asking should a 20 millennial definition of marriage be fundamentally changed, a imagine that happening. but he gets away with it because

it is pursuing a progressive agenda. neil: you are right. we would not hear the out right the other way around. if they were going to go through this routine every time you go there, would you go to dunkin donuts or mcdonald's or starbucks? >> i don't know. i knew this was going on and still went into starbuck so my inclination is to say no. i wouldn't mind, i wouldn't mind talking about it once in awhile. i don't want to talk about the every time it it became a thing where three four mornings out of the week they were talking to me about race relations. neil: the job interview thing with few, didn't understand this part. obviously they wanted to have a conversation to go on. there has to be something greater going on. when they talk about socially from the companies with you agree or disagree starbucks course quite highly. >> the reality is you have a

dual phenomenon that has occurred over the last 30 years. i called this the sharpton age if you will where you have on the one hand a group of elites, politicians with in corporate america that i call racially obsessed or raise obsessed. got to check the right box, got to have the right number and quote ups out there but on the other hand the grassroots the rest of the american people, rank-and-file, we are better off when race relations than we ever have been. the fact of the matter is we don't see color the same way frankly my generation and your generation and generations older have. most folks within the and regeneration these days and sports and music and culture and college campuses we are moving much more towards, blindness while at the same time you have the phenomenon of the sharptons

and eric holders and barack obamas and bill deblasios that are racially obsessed. >> now with this raise reality check supposed to think about the race of everybody at home my enter and calculate it in my head? i am the target audience for starbucks. i am a millennial lead to will drive some millennials out. i agree. neil: a lot if you have that coffee every morning. thank you very much. thank you. meanwhile another executive order that could divide the key

>> ♪ just when we are winning water they thinking the white house announced his new rules against fracking just as heavily as gas prices in years.

is this a bad time to do it? >> we are a pipeline company so i have had much time they would not impact us to any degree. neil: it comes at a time when people look at fracking as the same also feel story with the approach of this administration to take the benefits of fossil fuel then to get more of it but not a big fee and. in what is the direction of this administration? >> again with natural gas production has increased quite substantially. so it moves a big amount of

natural gas. neil: we would tell you a secret you wouldn't tell anyone else. but what is the view is in canada with the keystone delay when it is looking increasingly likely that future administrations will deal with it. but you move on? >> as i said before in in the cases keystone needs to be built. of united states consumes its case is a need to get the oil from someplace the best place is canada the best link is the heavy oil reproduce and what they did the gulf coast and it is safer by pipeline than rail. so my view it is it will happen and just not sure how long that will take but it is about energy security

that will change any time soon -- won't change any time soon is to try to get the pipeline approved. neil: that doesn't thaxter inch your equation waiting? >> absolutely it is extraordinarily frustrating. people are going to work their finding alternative ways to move. said a one to do that it is not as efficient it creates more e missions so which causes consternation across many sectors of the economy that are waiting for this to happen and those pressures will not dissipate any time soon. so we will get approval as quick as we can resolve those issues but they will not go away they have not found of a better mousetrap been the keystone pipeline

that has not occurred and the oil hasn't stayed in the ground either you keep expecting some point if you put pressure on the infrastructure of the industry that clearly we see that isn't the case production is up because global demand is up and we can meet that with our resources in north america. neil: good to see you again. nexus segment that says redefines the media of the overtime. >> give them a kick. >> web was growing up we had to learn to read the newspaper to you think they need to shape up with their instagram or doughnuts for breakfast to date u.s. gave millennial how you get out

of the draft they will say shut the window. [laughter] you young punks cannot run and hide. hey, girl. is it crazy that your soccer trophy

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whoa, dude! you thinkin' what i'm thinkin'? yeah ♪we love to work at nothin all day♪ ♪and we've been taking care of business♪ ♪it's all right♪ whew! ♪taking care of business, saved the day!

neil: turn off your ipad and turn down the music to the weekly segment where the boomers might - - byte. jesus they did not prepare me for that. with the changes to say what everyone to say. including charlie and steve the first issue that says baby boomers are working longer and retiring later probably because of the diem kids even feel the obligation to pick up the

college. >> 30 years ago this is not necessarily the millenials fault is. [laughter] but these numbers blow my mind. three - - 30 -- $3,000 for college now is 14 grand per year. public and private $40,000 a year per person three kids. you cannot afford to retire you have to save to educate these kids. what do they do once they get out? then they come back home to live with you. they smoked pot in your house. neil: is it that bad? >> the reason our generation we can not retire is they cannot afford to lose the

skills to bring to the market. like the stick to wit or except responsibility or get the job done. neil: these kids always blame somebody else. >> they are lacking. >> charlie will lead you put aside? day mcdevitt do anything for my kids absolutely. neil: they are needy and they are spoiled to say if i help you now i will knock on your door later. >> what worries me if you ask these kids what should be the number one goal in life? our number one goal was established so security their number one goal for the millenials is to get married but the over are

married man in the a third-generation. so this to ella to they expect to get married to bring the wife and the family home. neil: you are just cheap. >> no. >> i generally despised millenials but that being said battle think the koch said colleges their fault. neil: don't put it on us. >> we coddled them to create a welfare state now they say it. neil: so today, less? >> i don't think we were connell them all but we were forced. >> battle think so. neil: the baby boomers weren't coddled? >> i don't think so but one

quick example. and millenials father entered eight chess tournament he has won zero in the father comes up to see where is his trophy. the thought there was a millennial. >> i hate millenials. now you can go to denny's. [laughter] neil: year-old great to. just got.

neil: now the big business stories of the day.

should you really fear the dollar? hitting all-time highs of the milk down the sports where john and says the strong dollar could take the wind out of their revenues sales. we ask of elizabeth macdonald deal -- years ltd. is the big deal to hit that topline it would be better if the dollar was weaker in sales last three-quarters the increase of others have gone down and that net income even though it has increased their growth has started to decrease we're seeing the signs of a stronger dollar. just as the multi-year move. neil: that is the way to save prepare yourself. >> investors clearly have the nike's stock.

it is in getting hung up on the dollar strengthening. neil: day you think it will be that big of a story? >> they will indicate a more with the earnings report. >> 50% of sales are outside the united states so that will raise prices or hit. >> so they just get that out there? steve dash day charge up that $300? >> the addition crisis isn't over yet and just to gain a little bit of state -- t but it could pressure into something? >> corporate america has committed fraud with the misnomers for years. the drug companies have

these disclosures bayou don't hear it as a manufacturing process. when i was learning statistics and economics in college we used to go through this cycle there is the problem how many people will die? neil: they said they did not present themselves. >> it is that when the ceo is supposed. it is a good for the brand for the image but gm did a smart they 2/7 of victims' fund. >> so take another look i told you to keep the language clean that starts

"what's the deal, neil?." neil: what is the lead deal with david scaring us about a financial day of reckoning? the former budget director says because both parties keep ignoring the data and runaway entitlements we will be taken to the woodshed. >> as a country we are living beyond our means but the truth is washington is kicking the can with a blindfold on. neil: it is never under control. >> weld that little chat just did it i am ordering my bunker supply is right now. i know why he grew the beard he is the unabomber. , down. that was with the most intelligent and awful discussions i have seen.

seen. you are probing and respectful and he was informing and rational and your producers davis segment for all to digest. wonderful. not with you was saying. and he says the stock has been about this for years. the best solution is to drastically cut benefits and raise taxes. no wonder that reagan took him to the woodshed. bruce in texas to but i like you end him, but i never heard a word about paying money to illegal aliens are kicking them out of our country. the president wants to make darn sure that you do because he thinks it is a good idea. he says other countries like australia that require citizens to vote do not have a fraction of the big-money issues that we have here. and another says had obama by the constitution he would realize the right to vote isn't

in the constitution, voting is less so to the states. people that do not vote are voting no to each candidate. then there is mandatory voting, do we get to vote none of the above and get new choices? respectfully rbc. >> for every candidate vote yes or no on every issue. and the best way to stop this is to stop government loans.

the university colleges will have to lower the sooner or later. and the president is still not threatening vetoes. >> and it would still give them the opportunity to get a nuclear weapon whether in a few months or 10 years. will obama be charged with this and 70% of americans are against them. and just days after getting reelected, he takes back his no palestinian state comment. he is treating this for the phony that he really is. then there is gino in minnesota. it's pretty clear, as you say that the president doesn't like benjamin netanyahu. but more worrisome to me is taking this off a terror watchlist and getting some sham of a deal. forget about being worried for

israel, i mori for my country. and some of you are worried for me. especially if you start ripping me out. in iraq, tell those trolls to go pick on a little kid or something. sorry about that, but you are still a dork.

anything personal anything you want to know come out when the earth is going to end i have a question like that. dobbs. keep it right here on fox business.. lou: good evening, everybody, i'm lou dobbs. three quarters of congress does not support president obama's unilateral nuclear negotiations with iran, and they will not tolerate any deal that would result nor will israeli prime minister netanyahu. president obama for whatever at this point inexplicable reason decided to take his case today directly to iran. urging the iranian people and its leaders to support any deal that is reached in geneva. president obama at least took note of those who oppose the deal. though he purposely misconstructed opposition to