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tv   Cavuto  FOX Business  March 31, 2015 8:00pm-9:01pm EDT

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ke a deal with the world's leading sponsor of terror. 91% of you said no. that's it for us tonight. we thank you for being with us. see you here tomorrow. good night from new york. ♪ neil: good evening, everybody. i'm neil cavuto. it turns out, it's not republicans throwing granny off the cliff. it's the fed. the federal reserves have been keeping interest rates so low for so long that seniors living off them have been, well getting so burned. a charge that burns one ben bernanke, the former fed head blasting off in a blog that he won't take it anymore. thanks to those low rates, the economy is coming back so are the markets. so everybody shut the hell up. okay. he didn't really say that part. but he was very clear when it comes to this fed bashing. not so gentle ben has had enough of this. to katherine and david asman on who the granny
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killer really is. >> it's very simple. granny won't be around for much longer. she has live off fixed income. unless she wants to invest in the stock market. most older people don't. because she can't wait for ben bernanke's work, she needs money now. my parents bonds are about to expire. rather than living off income from the bonds they'll have to dig into the principal and that will be drawn down. >> whoa whoa. you're a fairly wealthy guy. kick in and help them out. >> i'm doing the best i can. >> this entire blog post is one of the most strangely arrogant thing i've ever heard. the attitude of it coming from ben bernanke, what? neil: you know he's been getting this criticism a lot over the years. that he kept things artificial. built a bubble. >> it's like an angry facebook status than an intelligent response to anything. he never justified why he was smart enough --
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the fed was smart enough to magically know what the price should be, or interest rates should be. which, of course you can't. yes obviously setting them lower increases risk. >> now, he has argued and janet yellen, his successors argued that you know thanks to this shepherding, this recovery along in keeping rates as low as they did, we haven't seen any inflation. but we did build the markets back up. we did build people's portfolios back up. their cash flows back up. so stick that in your pipe and smoke it. >> again, he didn't say stick that in your pipe and smoke it. but what do you think of that? >> he had gone more direct on throw the seniors under the bus ticket. politicians very very often cater to seniors. they do things that don't make sense in the long run. i have no idea what interest rates are supposed to be. i don't know if ben bernanke knows what interest rates are supposed to be.
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but i like that he said listen the point of the fed is not to provide a short-term stock to a constituency that votes. >> we know interest rates should be above the rate of inflation. the only time they're below the rate of inflation is when we're in a recession. we -- they have been below the rate of inflation for the past three and a half years because of what ben bernanke has done. >> the point is, if you're depositing money in a bank, you should be making a little bit. instead you're losing because as low as inflation is, it's still higher than the interest rates. so you're losing money if you're saving. that discourages savings and that's bad for the economy. neil: they've been the only adults in town. you don't have to like what the federal reserve is doing. but congress certainly botched it. the president threw more stimulus than you could shake a stick at. you could say, it's if not
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for my keeping rates as low as they have, seniors would be in a lot worse state. >> you could always say that. there's no way to prove it. there's no way to know what they're supposed to be. which is why, stay as little involved as possible is the best thing. >> do you get a sense though, i know you said i don't know what rates should be. i agree that if you follow what they roughly should be with inflation we should be a couple of points higher. in the scheme of things, would that made much of a difference if, for example, inflation doesn't appear to be a big threat maybe the fed has done no harm, no foul? >> i always favor when elected officials or appointed officials say, i'm not sure what the right answer is here. i'll do as little as possible to mess around with the existing system. i think it's great he has this blog and he'll at the very least
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retroactively explain what the heck was going on in the federal reserve. >> it's like an mtv thing. >> bernanke unplugged. >> yeah yeah. >> the fed and others you just said it, and i guess i'm arguing with you, neil. neil: that's fine. >> i don't think that inflation is something you can ignore. neil: you think that it's a real issue. we're not representing -- >> the food going up. city services are going -- we had a 10% hike in the bus fare and subway fare in manhattan. i know you haven't been in the subway for a while. >> how are you going to blame that on the federal reserve? >> i'm not blaming it on the federal reserve. i say we have enough inflation. here's my metro card, neil. neil: you just drew that. thank you very much. in the meantime fed up with the fed or not, it wasn't a bad quarter for stocks. save while you still can because the second quarter will be rocky.
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even though jonathan hoenig said gary's the one with rocks in his head. he didn't say that. i tried to start a fight. whatever we enjoyed in the first quarter that's it. >> the first quarter was not that great. we were up a would he bit. i think this market is on last legs. we haven't had a bear market since the low because of central banks. we haven't even had a correction in the last few years because of central banks. we have earnings heading south. i think we're getting closer to the point where i think the markets have osteoporosis and it won't take much to tip it over. >> what do you see? >> i agree to an extent. gary is right. we've had this massive winning streak for the markets. the dow has had the most consecutive runs in a year. we are due for a correction. we haven't had a 10% correction in two years.
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it will be a short-lived correction. we can see very much like we saw in '87 with james baker comments triggeringtriggering a sell-off. the euphoria isn't there. people are still looking for a tip. as long as that is in, i don't think the bull market is there just yet. >> i have to disagree with that euphoria part. yesterday a biotech company with no sales was bout with $3.2 billion in cash. hundreds of biotech companies have no sales that have been skyrocketing. i think that's part of the froth that's going on. not to mention, the mergers and the private equity prices that are going on. so i'm not saying it's happening tomorrow. i'm just saying we're getting closer probably in the eighth inning at this point in time. >> you know jonathan, this market climbed all those worries hasn't it? >> indeed neil. worry after worry. it went back, we had worries when we had that
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homeland security issues. gary is right. there's certainly signs of froth in the market here. go daddy.com is going public here. (?) there are plenty of examples. 1999 behavior. >> do you think there are more examples than the last boom that went bust? i think there are a lot fewer of them. >> that's exactly right. my point, neil. there's a lot of exuberance right now. it's not a rational exuberance. the cabdriver isn't talking about putting all his 401(k) in tech stocks. >> he's advanced a little bit. >> dow 19,000. even 20,000 before it's over. neil: then what, gary? i know you can't time this. what happens when it does? what do you see happening? >> well my biggest worry. i said this very loudly and clearly. i don't think there's a two-way trade in the market anymore. especially the bond market. the central banks here and around the globe have taken over. the fear trade is gone.
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we have a lot of force trades in the market. in your first segment you talk about the central bank and savings. well, guess what is happening to uncle bob they are buying bond funds that are risky. they are going into the stock market which is even more risky especially after a six-year bull market. so i do think that will be a big issue. and i really do worry about dislocation. because you have one person ben bernanke and now janet yellen dictating trillions of dollars and a bunch of lemmings following them. i worry they don't know what they're doing. at the end of the road there will be big big trouble. >> you have to worry about that when everyone is providing this nicotine. right? when we slowed down, it's not as if the europeans slowed down. everyone is providing it. right? >> right neil. that's why i think this time is different. we have this unprecedented. both you and gary's
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point. unprecedented micro managing of the economy. especially interest rates. in terms of my investments before i bet against stocks, i'd bet against some of the junk bonds. some of the leveraged loans. the instruments which have been most directly influenced by that federal reserve intervention. they will blow up first in my opinion. >> to mention one more thing. >> what other toe tapper do you have for us? go ahead. >> the knicks stink this year. >> they stink every year. >> there's $18 trillion of debt out there. the cost of that debt will skyrocket. will never be able to to be covered. that has to be watched too. >> aren't you the life of the party. thank you. the bull and the bear view on things. watch oil. it is tanking. and finance expert david says that it's going to tank below 30 bucks a barrel. and watch out. david, what do you see
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happening? >> well, this certainly is a case of getting to 36. that's highly probable. for it to go 230 and below, it needs the right circumstances. we live in a world where the circumstances can line up. we can talk about the mass first and the drama second. or vice-versa. >> we get both at the same time. we get to the low 30s, you have the math creating the drama. right? (?) >> it's a different kind of drama. the machinations are intrigue. intriguing. this is like a shakespearean drama. it's as old as time. not really. you have the sunni/shia conflict. or the persian arab conflict, if you will. and it looks like we're shifting our pressure to the iranian side of the equation. choosing a different friend, if you will, a long time ally, we're
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doing everything we can to upset them in favor of a new ally of sorts somebody who has been an enemy for a long time. so upsetting the balance of power there, you can see why the saudis would like to bankrupt iran by keeping the price of oil low. >> something we were exploring on this show later, this notion that if we get a deal that the world starts questioning, does that mean that oil continues tanking or is it stabilizing? what? >> well, the mideast piece is only one part of the drama. the math can get dramatic too. we're in the place where in the language of supply and demand supply is growing at a faster pace than demand globally. we have an issue there. we'll see depressed prices as long as that is the case. that can change pretty rapidly. that can change if the decline rates in us shale pick up. and i think we have that over the next 12 to 20
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months. an increase in decline rates. you have major carnage in the major oil companies. a lot of the production has been hedged. the hedges roll off this summer. you will see a continual decline in the price of oil, but also the oil producers. >> last time we got so low, oil stocks took it on the chin. it was too much of a good thing. good for consumers. not good for them. what is the sweet spot? >> i think we end up in a trading range between 30 and 60. we're trying to figure out what long-term supply and demand is. i would suggest the long-term trend is towards 50 and 60. and ultimately, we see as a firm, we see a decline in demand and also a decline in supplies, as we look a lot of the new production that comes on as being unreliable. this is not like a major oil field that will be producing five and 10 million barrels in terms of daily contribution.
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most of what's been found is in dribs and drabs. it has very steep decline rates. with a drop in price we're not doing anything to explore the arctic right now or offshore. i think all those projects have been on hold. prices stay low for another six months. that's when the pain really begins. as an investor, that's when the opportunity begins. blood in the street that's when an investor should be interested. long-term we're bullish. we don't own anything in oil right now. >> dave, thank you. good seeing you. meanwhile, forget about amazon sending a drone to your door. how about a plumber, an electrician?
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around here, we're all about fast. that's why xfinity is perfect for me. with millions of wifi hotspots all over the place - including one right here at the shop - now we can stream all things fast and furious. you've done it again, carlos! ♪ with the fastest in-home wifi and millions of hotspots xfinity is perfect for people who love fast. don't miss furious 7 in theaters april 3rd. music♪ neil: all right. what the tech? you need a plumber, an electrician? why don't you just call
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amazon. the internet retailer now lets you hire people to do your chores around the house. to our resident tech expert who does all her own chores. jolene consistentjo ling kent. >> this is a multibillion-dollar industry. amazon wants to wipe people out. angie's list. yelp. >> they charge a 5% transaction fee on every deal done. >> to the plumber? >> to the plumber yeah, exactly. so they get a commission essentially. we're talking about a 630 billion-dollar industry that they're getting into. amazon has been known to revolutionize things to the way they do books. and now toilet paper. >> you think they're spreading themselves too thin? i know that's always been the rap against jeff bezos. >> he's pouring too much cash. >> i'm just wondering all right. >> you know, amazon has
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a lot of capabilities. they're trying to see what sticks. they're trying delivery drones. home services. >> i wonder if you can put a plumber on a a drone. that would be cool. >> we'll propose that idea. go for a test. >> jay-z's new streaming service making waves. you can pay up to 20 want the hi-def quality stuff. a lot of musicians are into this. i saw madonna on there and i thought it can't be that hip. >> i don't know who that guy is. i don't know. but you see kanye west. jay-z. >> but spotify. there's a host of others in this business. what makes them special? >> they're saying that they want to be able to give back to their artists more and give them more of a cut. that's why they're charging $10 a month for the lower version. >> so the lower version is just am radio sound?
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>> exactly. it's the same music but less perks. probably some sort of advertising in there as well. if you look at the type of musicians we're talking about potentially exclusive deals. maybe albums will drop there and be exclusive there for a day or a week or a month before they go anywhere else. so certainly having the artist support here is the incentive for title to succeed. >> don't kids your age you get them for free. right? i'm not going to pay -- >> you can get pandora for free. and spotify. of course, you can buy each song on itunes. the idea is to have incentive. you're part of the cool kids club. maybe singles will be dropped there. access to music. kind of like what some artists have done in the past, make it available in certain locations. >> a sense of exclusivity. >> a sense of exclusivity or just where the content is. maybe you can't get it anywhere else. remember there's also -- beyonce is behind this.
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she dropped her album independently. remember that? some artists have elected to just completely go another direction. >> but artists don't make the same amount of money they used to on songs. if they get half a cent a play here, i'd be surprised. >> yeah. that's why every single opportunity to listen to a song is a big deal. taylor swift said she's not in support of the way that the music industry works. took her music off spotify. it's an entire new generation of people who want to make money and be recognized for their work. >> can you pay money for them to stop playing "happy." >> you must love taylor swift? >> well that's my thing. >> good. i'm glad. >> she writes all her stuff. microsoft is hoping that maybe the third time is the charm for a laptop hybrid that hasn't caught on. will the surface 3 fair
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betterbetter? >> they say they're the laptop replacement. they also want to be a lower cost price point. >> i love this -- >> it's actually fun to work with. >> i'm the only one on my stuff, i love this. i think it's terrific. >> there's something for everyone out there. that's the best part of the wide open tech space. >> it has a kick stand. >> neil cavuto needs a kick stand. >> i always wondered why people frown on this. they always say microsoft -- >> microsoft has a rap for not being really cool. (?) here's what they're doing better now. they're making microsoft office suite available on all the products. the ceo is a much cooler guy than steve ballmer was. he's led the company in a good direction. >> you don't like big guys. i feel a little rage here. >> microsoft didn't perform. >> i'm telling you
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boring is the new cool, young lady. all right. jo ling kent. she's a genius. the saudis they really hate iran. virtually all muslim nations in the region hate iran. you ever wonder why we're so busy begging and pleading for deals with iran. the guy who says stop. ♪
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♪ neil: you ever wonder why we're in such a hurry to score a nuke deal with a country that everyone seems to hate. when it comes to iran, well israel hates them. the saudis are literally at war with yemen with them. and virtually every muslim country wants nothing to do with them. so, again why the heck are we even talking to them? to ben stein who also says, just stop. and, but here we are. and i'm wondering it's one thing if the whole
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arab world were pushing us to do this, but they're not. quite the opposite. >> yeah, i don't understand all the -- it has to do with strength. i mean, the iranians are able to put men and arms in the field to fight against isis or mr. obama keeps calling it isil. i don't know why he does that. we want to be on his side there. in yemen, they're fighting against our dear friends the saudi arabians. i've read that iran is opening new fields of submission and rebellion in south america. this is a very dangerous place. we're cozying up to them. why we're doing that, i don't know. mr. obama has reasons which are beyond my ability to understand. >> it's not worth understanding if you can't understand it. ben, the thing that i started looking at is these polls. one that was out today that said, most americans would like to see a deal with iran achieved that's credible and real. the problem is, the same
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majority says any deal we reach with iran won't be credible or real. in other words they're very doubtful of the deal they want. what do you make of that? >> well look. here's the thing -- bomb the marine barracks in beirut. they've broken every agreement we've ever made with them. they're lying right now about everything with their nuclear program. we know it. we've said it over and over again. everybody knows it. why are we dealing with a country that we know to be lying? neville chamberlain made a deal with hitler. even hitler didn't have a track record as bad as the ayatollahs do in telling the truth. >> he wasn't commenting on the progress of these talks. in another year iran is going to have a bomb. what did you make of that? >> if iran has a bomb it's a terrible thing. look just as the
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negotiation reached a klieaically macparticular point, the supreme leader is saying death to israel and death to the united states. he's shouting to a crowd, death to america. why are we negotiating with this guy shouting death to the united states of america. what's going on? even -- did not say death to the united states of america. he said we would bury you in terms of communism. nobody has ever said death to the united states of america. this guy is saying it. we're negotiating with him. we're giving him basically carte blanche to develop a nuclear weapon. what on earth is going on? >> you know what i wonder about too, ben whatever the markets do when the deal is examined. i mean normally the short response is they go up. greece staves off bankruptcy. and cobbles together a deal that keeps the bill hounds away. the markets generally
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like that. but then they reassess as they have been lately and say well they're still in deep doodoo. i'm wondering if the same will apply to if we cobble something with iran. people are relieved to see something. then they look at the fine print and realize not much. >> there's nothing more meaningless than one or two days on the stock market. there's nothing more meaningless than those meanings in terms of the future of the united states. we're not concerned about a few days or a few weeks moves on the stock market. we're concerned about the freedom of mankind. this guy wants to enslave as much of mankind as he can. it's the most subversive force since the soviet union. we're trying to reach an agreement with them as if we're negotiating with great britain. there's something deeply deeply wrong here. >> what do you think is driving the president? the whole world sees and
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says not as eloquently says what you outline. i'm wondering why is he hell-bent doing something apparently by himself? >> there's something deeply psychiatric going on here. i wouldn't like to say what it was. i think other people have said it has to do with some kind of deep-seated wish to appease his father he only met once in his life. i don't know what's going on. but it's something psychiatric rather than diplomatic. as for kerry he's the most incompetent secretary of state i've ever seen. the fact that every important person in the world in diplomacy say these guys shouldn't be trusted yet obama is trusting the whole future of the middle east and israel and our own future there's something wrong with this man's head. >> okay. ben stein always good have you on, my friend. ben stein writer.
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actor. the guy is a genius. to the tenth pile-on. the mainstream media asking for him to fix this. shouldn't they just be reporting on this?
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>> this was grossly mischaracterized by advocates who opposed the bill and also, quite frankly some very sloppy reporting for the first several days. >> well unfortunately for the governor, sloppy answering as well. to hear the media tell it, that indiana religious freedom law is designed to discriminate against gays and all, but drive them out of the state. the problem is, there is no mention of sexual orientation in the law at all. this might be about something else. joe says this knee-jerk reaction is making the media look well, like jerks. good to have you back with you with us, joseph.
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explain. >> explain why they look like jerks. >> exactly. >> they're exploiting an ambiguity in a law and turning it into mike pence is a homophobe. don't go to indiana because if you're gay or you believe in gay rights, you are going to be just completely eviscerated. that's the way it's been explained here. the media coverage that we've seen has been overwhelmingly pro-activist against like mike pence. >> they want to boycott you know, ncaa is getting nervous about holding the tournament there. >> absolutely. exactly. look at andrew cuomo. the news came out this afternoon that nonessential travel to indiana is now banned. let me get this straight. if i went to duke and i want to go see the ncaa final four this weekend and it's not essential that i go, then i'm not allowed, that's banned. i don't quite understand that. or if you're angie's list. and you'll pull a 40 million-dollar expansion of one of
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their campuses there. you know who angie's list is hurting. they're hurting the construction workers and the people that will be hired. we don't want to move our business to indiana. it's a homophobic state. it's ridiculous. this is the same law that bill clinton signed in '93. >> whether the governor made a bigger mess with the george stephanopoulos interview. why couldn't he get a better grip on this and explain this? he had one chance to make a great impression. he botched it. >> the proverb is every war is won before it is fought. he should have seen t coming. now he's fixing it. the media is disappointed. what do you mean you'll fix it. you'll protect homosexuals as a protected race like blacks are. >> if you build them into your provisos, oy hostahost of other groups will have to be built in as well. i think this is really about religion. and the media has this
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very put offish view of religion. >> particularly christians. there's a big majority they should be treated like a minority. >> and all christians are homophobes. so go at it. >> that's kind of what we're seeing here. >> why in this case and not the 18 or 19 other states that have similar laws on the books? >> that's a good question. pence signs it into law and you don't hear about it. it caught fire. because social media is around now. it can fuel these things so quickly. suddenly the fire got out of control. a lot of people like an andrew cuomo exploit it for political gain. >> these are great distractions. great wedge issue. >> it's 2016, neil. >> i wonder how this factors into the national debate. these kinds of issues have helped democrats in the past. help get your mind off issues like isis and the economy. >> yeah. iran striking a deal with that -- the
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economy as you said. if you're a republican candidate in 2016, the media will make sure that you're on the right side, what they call the right side of this issue, or you'll be treated the way mike pence was this week. by the way pence, look at him, gray hair. white guy. indiana. conservative state. he's mitt romney 2.0. the perfect evil caricature that you could say he doesn't get it. he's out of touch. >> they seized on this to introduce himself on the national stage in a good way as a conservative. he can kiss his presidential aspirations goodbye. >> he looks bad to the left. the right won't embrace him because they will feel he folded too quickly under pressure. >> what about for republicans that are seen as antigay. should they just say i'm not antigay. i just look at the values of this. you're free to follow your conscience.
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or do they just avoid it like the plague? >> i think they avoid it. i know romney didn't win. he didn't talk about this issue that much. no one pressed him on it. i would concentrate on the things that matter if i'm a candidate. like a john kasich who is playing it well right now. he's not announced. but you barely hear about him. he's building nice momentum by san staying out of these issues altogether. >> once they're in, they have to. these are the issues that come up almost immediately in mainstream interviews. >> absolutely. we'll see a lot of social interviews mentioned. that's the difference between a hillary clinton and the republicans. she came out and tweeted, sad this new indiana law can happen in america today. she's tweeting a lot lately. doesn't impress that well. >> good at tweeting. and blogging. >> and erasing things. >> that's another show. joe. great columnist. makes you think. in the meantime, is this the spring that housing
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finally springs? the million dollar listings with expert advice on where you buy and whether you should buy.
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♪ neil: you know, a lot of folks swear by kate. sort of like a bible for the housing industry. home prices are heating up. so unless you're talking particularly hot markets like denver dallas or miami, it kind of is lukewarm. now, the miami part would probably suit chris levitt just fine. he's the star of bravo's show million dollar listings in miami. >> those numbers are great. they're wonderful. it's the city everyone wants to be in. neil: that wasn't always the case. >> it wasn't. neil: after the meltdown it became ground zero. >> it was. it was an industrial place. the place where people went for vacation. they would invest money. they didn't think they would live there. bring businesses there and create a world
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there. that's what's happening. miami is becoming a world class city on par of london. new york. >> remember when skyscrapers, people would flip properties site unseen. >> the properties are higher on the sand. they're through the roof. some of our biggest sales were 3800 a foot. >> who is buying? who is doing all the buying? >> those people, new yorkers. they're buying the highest ticket items. london. but then you're seeing people coming into the city to preserve capital from countries that maybe they're not doing so well right now. to make sure that their money is safe somewhere in a good booming market. >> now, all this occurs as rates are beginning -- or the thought is that they'll tick up a bit. do you think it will be that prohibitive? >> you know, i don't think it affects my market very much. it's a cash market in miami and south florida. >> really. do you cater to anyone less than a billionaire?
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>> absolutely. i do everything. i sell from 300,000 to the limit. but it just so happens to be that everyone is cash these days. i mean, once in a while, you'll see a mortgage. but i couldn't even -- >> do you wince when someone says, all right i want to finance about half of them. oh look at the time. >> we'll check those people out. >> the market you cater to it's a high-end market. when people look at markets like south florida and they look at -- even silicon valley and nevada the markets that had been running up fast and furious and tumbled what do you think miami is indicative of? could it be a trend-setter on the upside as it was in the meltdown? >> yeah, i think it's a place, again where people want -- it's a new place to be. people from new york are moving in droves. they want to live there and experience life there. they don't want to just invest or have a vacation home. so it's turning into a
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city where people are embracing it and want it to be a place where they call home. >> but a lot of people want to call it home. >> yes. >> is it too crowded. >> you have that issue. but we open it to people from all over the world. to new yorkers. people all around the country. it's a common denominator for people around the country. miami to south beach. ft. lauderdale is booming. palm beach office. new projects we're doing on palm beach. i say it's -- >> does the show draw people? >> absolutely does. shows like this -- >> maybe we'd make poconos seem more attractive. add an allure. >> do you think it's getting too pricey. getting ahead of itself? >> things are getting expensive absolutely. that's a concern. right now, it seems as though everything is sort of status quo and moving in the right
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direction. >> a fellow a couple of weeks ago said, you know, i'm getting that bubble feeling. you're not in that category. >> a miami developer? >> yes. >> interesting. some developers will have that issue if they're not strategically placed and have obstruction and some issue. but apartments that are perfect with downtown views and beach views will always do well. >> let me ask you on the show, you don't have to trash anyone. what was the craziest customer you've ever had? >> on the show. >> type of person -- >> i will say the person who, you know, is the most demanding eccentric. those are the people i love and that i can did i fuse so quickly and become friends. (?) >> like the chrysler building. rachratchet them down. not slap them around. but let's come to reality. >> it's about trust.
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trust and confidence. that's what i think i give to them. that defuses their whole attitude or their insecurities. >> yeah the insecurity part. (?) thank you. a listing in miami. he's made miami hot. they should send you reacidduals into the city and state. meanwhile, i'm not thinking this is chris' cup of tea. but mcdonald's -- maybe coming to south florida. after this.
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you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess
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it won't end there. the company is also trying out table service at mcdonald's within the frank fort airport. you know how much that costs? anyway, the steakhouse is only a bit less classy. melissa francis applauds mcdonald's for trying new things. marcus says, mcdonald's should stick to what it's good at. making burgers. melissa, you think this is a step in the right direction. melissa: it's pure genius. the egg white delight is pure bliss. i would get one for lunch. >> the one across the street here? they've never gotten my order right. >> well right. (?) that's not going to change with breakfast. >> maybe they're forcing me to have the salad. >> nothing worse than going into mcdonald's. your kid has his heart set on pancakes and egg mcmuffin. no breakfast is over. kid is crying. no, i don't need that. >> wouldn't that rain on
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all their other stuff? >> it may sound like an interesting idea, but mcdonald's is bouncing around like a pinball. they're going from bacon and eggs at 8 o'clock at night to table service in frankfurt. and at the end of the day, continuing to offer breakfast offers a whole new complexity for mcdonald's of running two menus at the same time. i don't know if they have the capability for that. i would like mcdonald's to stick to what they do best. hamburgers and big big macs. i think they're losing their focus. >> this is sticking to what they do best. breakfast sells well for them. they've tried to incorporate the greatest evil on the planet right now which is kale. kale they used to have at pizza hut as a garnish on the salad bar. because it never changes. it can't wilt. >> it's that green thing? >> yes, it's horrible. mcdonald's tried to incorporate kale. they were moving away
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from their knitting. >> but he raises a good point. my issue with mcdonald's. and a lot of fast food places. they screw up your drive-thru order. if you're selling breakfast at night that's yet another item to crowd the kitchen and screw up that order. right? >> it is. from an operational standpoint you're saying well, it's just breakfast. but it's not. it's running two menus at the same time. and logistically, that could be a disaster. and i just don't think that mcdonald's is really going to gain the additional profit by serving hotcakes at 8 o'clock at night. >> yeah, but melissa is looking at this as, look trying lots of stuff. you might fail sometimes, but try. >> you simplify the menu in some other way. salads. >> who needs those. nobody gets those. anything around the edges. are you a fan of the mcrib? >> they're not ribs. did you know that? >> it looked authentic
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to me. >> thank you very much.
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♪ neil: what's the deal, neil? >> what's the deal of tim cook lecturing indiana on anything giving the fact that his company makes the iphones in a fairly oppressive china. before tim cook can speak about discrimination, he needs to clean up his act. his apple manufacturing in china is an abuse to chinese citizens. working six days a week. no paid sick days. why does tim cook believe he can abuse an entire race, but then demand americans accept what he wants. cook says those figures you mentioned are not accurate. in the asian community they're paid what the asian community pays. gene in nebraska, hey cook stick to devices. henderson, this isn't a war on gays. look at the reaction. it's a war on religion. we're getting a lot like this. continue to send them
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in. a lot of you are upset with anyone lecturing anyone on anything especially from the business community that depends on everybody's dollars whether they're gay or straight or anything. "strange inheritance" starts right now. animals. >> how is his health? >> he's doing good. >> call of the wild. >> rescued by quite an odd duck himself. >> we use 26,000 pounds of chicken or beef every six weeks? jamie: what was his reputation. >> wild man. >> was he a guy who played by the rules? >> no. >> when he dies the authorities want to shut his heir down. >> he left you with a mess. >> he did. that's when the anger hit. >> will it cost his widow her "strange inheritance"? >> i didn't go through everything all those years to just give up. ♪

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