Skip to main content

tv   Cavuto  FOX Business  April 1, 2015 8:00pm-9:01pm EDT

8:00 pm
in. 93% of you thought that was a good idea. see you tomorrow. good night from new york. neil: beware states that argue for religious freedoms, they don't have a prayer these days. i am turning this indiana thing upside down, the issue is not whether such states are fair to say, gays but the state critics are fair at all. welcome i am neil cavuto, does is seem a little bit rich for apple ceo tim cook to be lectureing indiana over a law he says is dangerous but word about those millions of iphones he ships to china whose worker conditions are close to heartless, or new york governor cuomo banding state funded trips
8:01 pm
to indiana but still planning to visit the not so human rights country of cuba. i find those who are doing the finger-pointing have a lot of fingers pointing back at themselves. >> the indiana legislation is close to federal legislation i keep reminding everyone signed in law by bill spadea, there was a bearp -- bill clinton that of bipartisan voted on in house in 90s, and. >> 20 states have it. >> very close to federal law it protects stress, protects all religious minorities, not just christians who don't want to bake a cake for whatever wedding. or a photographer, it protects
8:02 pm
all religious minorities, it gives them an opportunity to defend themselves in court. neil: i am not even going to dismiss that issue. i think saying who are they and these critics to judge. i am an apple shareholder have been one, i don't think a great deal of its ceo weighing in on this issue when i know for a fact the hot new iphones are made abroad in places where labor conditions are not what labor groups here would call friendly. >> i am a marketing major i look at this as a business perspective, this is a bad business decision for apple to do this, you are weighing in on on a very conversional social issue. neil: he is not alone. >> i know but with him for example, it can alienate
8:03 pm
customers, this does expose him to hypocrisy he was in dubai it is again the law to be gay. tim cook is gay he could have been subsequented to going for jail and china where their products are made in china hank labor -- harsh labor conditions, ands huge co2 emissions another perspective, i see him very hip -- hypocritical. >> injustice anywhere. is injustice. neil: would you boycott 19 other states with similar laws on the box. >> there is a distinctertion between the law and indiana and other states, in indiana being gay, lesbian transgender and
8:04 pm
bisexual is not a protected class, in the other states it is. neil: no it isn't 11 of those states don't mention gay or gender issues. >> illinois -- where law exists, it is a protected class. not to mention indiana law said that you can go to a business, they say because you are gay we do not want to serve you, and they can lose the religious excuse to get out of it. neil: you are being abusive to those people. indiana is now on this issue an others. on this issue i'm saying it would be like me electiontureing you on dietary advice, and who
8:05 pm
will listen to me. go slow, when anyone starts listening to you it is even the pope said, on these issues, who am i to why? who am i to get these guys to judge. >> it comings down to political expedience. the ceos see a controversial issue, they come down on the one side that seem to be the the -- 51 popular side of it. >> do we make it something it is not. >> it is already something it is not. media has been dishonest when they talk about this law and the government, and celebrities. ashton kutcher for example. this law allows state of indiana to discriminate gain gays and
8:06 pm
lesbians, that is not the true. >> so, governor pence on george stephanopolous he asked does this law discriminate gain lgb lgbt folks he did not have an answer. neil: i will say i wonder indiana, and arkansas later. i just want to you go after these states on these type of issues go after people criticizing them they are just as worrisome. >> i see the left intoll in-- intoll intolerant intime yous a dagree with them, this is last thing i
8:07 pm
would top weigh in on to protect your brand and business. neil: you know, again -- >> you call it what you want to. neil: richard you said, that when it comes to doing business in china you do not say have an open and conducive and fuzzy environment there. you call out come on his hypocrisy. i am just saying, if you live in a glass house, it might be best to put down the stone. >> i left you speechless. thank you. mike pence is promising to fix it. but it the media that continues to put him in a bigger fix.
8:08 pm
look at this, headline after headline calling law anti-gay, pro discrimination, meanwhile pence, and all other possible 1 tenors could be in trouble. these social issues keep popping up. if they don't. they could kiss their white house chances good by. when they get pushed they lose debates? >> they lose the debate, they are caught off guard. we're in the media, that is a knife time, presidential politics that is a sauce an sausage
8:09 pm
grind, they start with the toes and start grinding. republicans have to be in a no whining situation with the media, just handle it better, mike pence. no problem with the law, but huge problem with his optics, he needed to say listen we're not discriminating against anybody this law is in many other states, i am here to be fair to my citizens, game over. we learn that people don't read anything. neil: many argue that mitt romney for whom you raised money. he got caught up in the so-called wedge issues. >> you need a sparring partner every day. i have told governor walker, get
8:10 pm
a sparring partner, how are you going to handle it. >> do you think that republicans get those gotchas more than democrats. >> yes first thing you learn in law school. if you are wrong on the facts attack the person. these -- >> or -- 100%, they spent 100 million trying to tell people that mitt romney gave some woman cancer they picked 7 swing states they went after him he needed to but ther that better -- butter that better. but these guys have to understand that if we're going to be fair and balanced, and other groups are unbalanced they have to be prepared. neil: i did not know why pence did not talk into -- where do you see in this law the word gay? where did you see the word target? he did not do that i would have
8:11 pm
gone further and said, did you read your law? where he could have shot back at him, did you see -- >> did you see barack obama if first debate with mitt romney, he was off guard it comes from preparation. i come prepared. neil: do you think -- they were on jeb bush for quasi agreeing with what he said, when we didn't really agree, you say that republicans have to handle these all of these better. >> 100%. you need too run around and chase the chicken every day they are coming after you. neil: done rocky tell me to cut me mick. >> after he got bloodied up, we don't want our candidates on get bloodied up. neil: he is.
8:12 pm
>> they are not prepared. mike pence is not ready for primetime. he has defined himself for 50% of the population. neil: you don't get a second chance to make a first impression. >> that is what happens trip wire goes off they say we got him, they close in on him one less guy to worry about. he has a great record in indiana, a great guy a great policy thinker. neil: they will define him by this issue. you know who got a second chance bill clinton think about it. >> johnny carson, he went on ar and played saxophone made a joke in the speech. neil: he came right back. >> deflect the weaknesses with humor.
8:13 pm
>> i have seen this play before. it is always withs -- >> i am not a campaign manager i raise a lot of money for these guys get a sparring partner. people are coming after you of day. neil: you should be -- he knew going on george stephanopolous this was going to be an issue. >> they are over confident, i can wing it i am a well-liked guy. rick perry thought that. >> 3 things i remember about that interview also, okay. a little inside political joke. >> it will stay with him forever. he is never getting over that. neil: coming up taxman is sticking it to the taxpayers one of ronald reagan's closest advisors is sticking it right back. >> but first flying saucers are for real? what the tech is next.
8:14 pm
8:15 pm
8:16 pm
8:17 pm
neil: this is cool, amazon, has you covered with new dash button that lets you order new items with the click of a button, i am telling you. it will below that well -- lethal. is it right on the button? >> i think this is great. part of amazon's large strategy to make purchasing goods more seamless. a lot of times you buy the same items over, and over, this is going to make it that much easier. neil: how does it work? >> it connects to your wi-fi you determine what store you
8:18 pm
want to buy from within amazon marketplace, and what product you put this close to your detergent, you discover you are getting low you push that button,. neil: does that apply to potato chips? >> right now there are select products. overtime, you know the expectation is that -- >> each is branded? >> right and so, you know overtime i think more products will be available,. a lot of things you probably use regularly are available. neil: they want to make gus broke? >> no. neil: you laugh at the face of big brother. >> a larger trend toward introduceing artificial intelligence in the home so that the people in it have no intelligence. >> no.
8:19 pm
pretty soon you have appliances. neil: there go your savings. >> these systems compare prices and find. neil: you are open to this you are understanding you are young, you you don't know the hell that coming our way. >> overtime, actually, i think these will introduce more competitors and drive prices down. neil: amazon is traching over the world no one knows it. >> who needs a therapist when you can wear a vest, a snug vest it inflates when you are stressed. it simulates a hug when you are down. michael? >> the vest was developed for people with high levels of anxiety. sample size is small hard science is still out whether a hug can lower stress.
8:20 pm
for a lot of people it does work this vest is only 300 bucks, but for select individuals it could help. neil: it is monitoring something. after dinner at a restaurant all of a sudden. >> not self inflateing, you have to pump it the individual can actually en plate it themselves. neil: not automatically doing it. >> correct. neil: okay that is weirder right. >> a strange product but the point is that if it works for you, then why not right and this is just providing an option for those who are dealing with high levels of anxiety. neil: anyway nasa is launching a flying saucer, checking out whether we can make it on mar or not, michael where would the flying saucer come into, we're already doing missions to the
8:21 pm
station, a year at a time. >> a lot of different projects that people in international scientific community are working on that aim to land humans on mars. part of that process is nasa's new space vehicle they announced this vehicle late last year popular science gave it an award in december. neil: it looks like a wedding cake to me. >> it looks like the iconic flying saucer you think of from 1950s comics. and but there is purpose behind the diseen it is meant to slowdown the spacecraft as it nears -- >> don't they already have -- when they work on it do they use this as prototype? >> there are two parts one it spins fast, similar to a bullet. pollutes spin they go straighter.
8:22 pm
and same thing with the spacecraft, it spinss it drives in a straight line better. >> the astronauts inside do they spin do they have that sensation. >> it would be a very long trip, we're a while away from that, there is present of development that will come down. but most important part about the vehicle it is able to slowdown before you come on impact. it is hard to do on mars because the air is so thin. human body responds differently from a rover or a big machine these machines are made to take impact the human body cannot take that same level. neil: but you like it. >> dwrep. neil: you are good, thank you michael. >> if you have a question about taxes, don't call irs chances
8:23 pm
are they won't even pick up. ronald reagan top money man art laffer knows why. why [announcer:] what if one stalk of broccoli could protect you from cancer? what if one push up could prevent heart disease? [man grunts] one wishful thinking, right? but there is one step you can take to help prevent another serious disease- pneumococcal pneumonia. one dose of the prevnar 13® vaccine can help protect you ... from pneumococcal pneumonia,
8:24 pm
an illness that can cause coughing, chest pain difficulty breathing and may even put you in the hospital. prevnar 13 ® is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. you should not receive prevnar 13 ® if you've had a severe allergic reaction to the vaccine or its ingredients if you have a weakened immune system, you may have a lower response to the vaccine. common side effects were pain, redness, or swelling at the injection site. limited arm movement, fatigue, head ache muscle or joint pain less appetite, chills, or rash. even if you've already been vaccinated with another pneumonia vaccine, prevnar 13® may help provide additional protection. get this one done. ask your healthcare professional about prevnar 13® today.
8:25 pm
the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here.
8:26 pm
neil: all right, it is april, two weeks from today you will have to file your taxes. en to bother calling the irs for help if you have questions the calls are going ignored. the budget cuts -- i think it is a lot of angry workers to art laffer. >> i think you are right they can't be bother the. if i remember, answer they give, on balancing 80% of the answers are wrong as well. what can you tell. it is crazy. complicated tax codes irs
8:27 pm
people don't -- i mean, it is just a shame we don't get a simple broad base flat tax one rate just way jerry brown proposed in 1992. that is the way we should go, get rid of the irs. neil: we can remember dating back to that. and ronald reagan wanting to simplify it, reagan was closest to put it to reality. he got the rates down, but it tough because latest senator ted cruz wants it on an index card. are we ever going to get to that. >> we may not but the whole dream, if you have a northstar index card northstar at least you will be approaching that goal in 1986, we had two rates 15%, and 28% we had a broad base flat tax not quite a index card but it worked well. neil: i remember.
8:28 pm
it was very revolutionary. >> then we have to think about what you take away you have to give. in a bhad bad way the sweetics say that the deductions go away. >> you know problem is, how you want to collect your taxes. a certain amount to run government. i like to do all taxes are bad some are less bad than others. you to collect your taxes in least damaging fashion on the economy. then you top spend your money in most beneficial faction stop when the cost of let dollar -- last dollar of tax collected is a little bit less than money spent get out of the way. neil: very well put. >> thank you. neil: i wonder. when they talk about simplifying
8:29 pm
tax code, for something like a consumption tax. but, democrats want it in addition to our income tax. and republicans in favor of just value added type tax. i look at europe, and i say it worked like such a charm for them. but it is never ether or. >> that is why it is so beneficial, so much to be put into eliminates tax. you get rid of infrastructure, lawyers, and account tant that specialize, the last bit is most beneficial to society you should never do an additional tax. even if you reduce another one. that gives you the infrastructure you have to have. in ohio, i think 780 individual
8:30 pm
income taxes that is crazy. these are individual tax for school districts and that stuff have you going on, you need to have one low rate broad base flat tax and be on with it jerry brown replaced all federal taxes, excise irk incorp, corporate, all of them two flat rates, the rate was 12% that was then but we may come back again you never know, everyone wants to do it, once you get a good president with a good congress. neil: my worry is that any industry or housing or anyone that really winds for special tax breaks is an industry that i think cannot make it on its own. >> true. neil: that tough love. >> that is why tough love is. that is where patrick and moynihan was fantastic in 1986,
8:31 pm
story is they had a bottle of scotch and throws it on the table, and get rid of the bums, you were there. neil: there was something to be said of that. the tax code cannot save you. >> it can't it should not be used as a device to hurt someone either. if you want to help someone write them a check all these tax credits are ridiculous. neil: art laffer thank you. neil: thank you. go dad ge public. and all of the signals this bullbrg
8:32 pm
us market is about to go out of window? kick 'em around. kick 'em around, see what happens. because we're in the how-do-i-get-this-startup- off-the-ground business. the taking-your-business- global-business. we're in the problem-solving business. 400,000 people - ready to help you solve problems while they're still called opportunities. from figuring it out to getting it done we're here to help.
8:33 pm
8:34 pm
8:35 pm
neil: he it goes again, we know how president obama is planning to cut gas emission by 28% in 10 years, by, by passing congress. republicans promises to smack this one down. the executive rders -- orders are getting expensive. hadhadley, you don't like it. >> over and over this president this administration overreaching trying to use most of their executive power to the point of violating separation of power in certain places with obamacare. we've scenicsictive appointment that have not gone through correct process now with this plan to decrease, emissions in u.s. i suggestion to president if he has a policy agenda he
8:36 pm
needs to build consensus for it with the american people and representatives in congress rather thanageing -- acting alone. neil: it is overkill. >> they don't want nobody to watch them on. the people who would be hurt by this are those who own the factories, guys care about money, and votes american people support this 77%. neil: and president president democrat do not? >> the president supports -- >> but you said that president -- think about politics democrats don't think about votes. >> they are not in charge in the house. to halley's point. neil: even democrats called president out on not consulting them on this iranian nuke deal.
8:37 pm
over a hundred said mr. president, we're sending you this letter, you arestepping. >> today in washington post, there was outlines of why this is legal for what he is doing coming with other country to u.n. something that is proposed. neil: if a republican president did are all of the above you would be calling them on the carpet. >> i do politics for a living. neil: here is where it is overkill. it is now. i worry about what kind of dye has been cast for future presidents. >> any executive order we see with this administration has potential of being undone. as you know regardless of what side of political aisle we should hesitate to give so much
8:38 pm
power in our executive branch. neil: now president saying, i have less than a couple years the humanitarian with you. -- the hell with you. >> certainly politics are poll orized in washington, but that does not mean we can step away from this constitutional process, that has been in place for over 200 years, this is how we do things in america. if we ignore that process if we have a goals maybe a laudable goals like protecting earth and environment, consider the trade oftenvolved. this should be a decision for many not the few. neil: okay what do you think about that chuck. >> i think that is crazy there are checks and balances in this conversation. neil: there are no checks and balances.
8:39 pm
>> there are you know that. if he does something that was beyond bounds of the constitution there would be checks and balances. neil: they said this mr. president have you gone beyond the constitution, he said i don't care, i am gig both it anyway. >> the supreme court said that coming down the road, years later. >> it will take years, we've seen this with obamacare and irs subsidies and decision to delay employer mandates in the what you. >> i would throw in immigration as well. >>ia not. >> there will be challenges but people will be hurt our economy will be hurt, and our jobs suffer in the meantime. neil: i will say this, republican president trying this, i am going to have you booked, i know you will be all over that republican president.
8:40 pm
>> i will. neil: that is what i love about you. >> i will be critical of any president. neil: i go which of way the wind goes. >> thank you. >> fox business alert are we about to get housed? i a new report saiding for housing and markets, it is back to those days fannie and freddie are doing something they should sntan not. and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach,
8:41 pm
delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com
8:42 pm
the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables
8:43 pm
is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. neil: big bucks for bighorn. "strange inheritance" tonight. >> det ready for a swiss kick in the fannie, fannie and freddie could get more taxpayer -- they are backing loans with as little as 3% down.
8:44 pm
isn't that what started the last crisis. you argue they are bound to be repeat ?d. >> here we go again. there is a risk that fannie mae or freddie mac could have the need to draw on a credit line they have with the treasury department. diferdifference this time it is by design, part of a do-or-die gamble by officials too compel congress to act. neil: what do they have now? since the crisis, they were left out of dodd-frank the law. how have fannie and freddie fared since? >> remarkably. there is a combination of things. their natural ability to make profits, 5 trillion, book a
8:45 pm
business tweets to their guarantee fees or insurance premiums it bears out to big numbers, they made about 132 billion in 2013, they paid back full amount that government lent them they are up about 40 billion from amount they borrowed. a remarkable turn but you can't have that luck forever their earnings are moderateing, the big deal, of this new chattedder newer -- chatter, is the takeover the fannie and freddie essentially guts them, it takes all profits from organization, and makes them deplete their capital delve, i mean hand it to treasury department. neil: i also wonder about the idea to encourage more buying. the three%% -- 3% down type only, argument, it is government this
8:46 pm
time but every time i hear it is different this time it never is. >> so, the administration is trying to balance a couple things here, they want the access to credit desperately. expand the box in terms of who can qualify for a mortgage, they want to make it more affordable. but, patriotism does not compel lenders to use the government programs capitalism does, and there are so many risks associated with these programs that guys learn lenders over last 5 or 6 years that whole time they thought they were selling credit risk to fannie and freddie turns out they were renting it, when lows within default, government armed up, worked with the justice department and collected as much as they could from the organizations for we used to
8:47 pm
call it j-walking equals capital murder. >> amazing, thank you very much tim, former fannie mae executive executive. no profit not a nickel in 18 years, investor profiting big time today. every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration.
8:48 pm
8:49 pm
8:50 pm
neil: go daddy going public today. has not seen a profit in 18 years, now on-line retailer etsy wants iny on this easy money.
8:51 pm
your worry? >> my worry 18 years to prove out model they still can't make a profitable company this money they get now most is to repay debt the founder loans to company, a lot is not for growth. i know they pop 30%. trading 26 right now i said, i think this is way too much too soon they change their strategy, they used to be a domain hosting site now they want to be all things everything to small business owners, do they want danica patrick scantily clad or serve business owners, which do they want have to to figure on out. >> a lot -- feels like 2000? >> a little bit for record, i do want danica patrick scantily
8:52 pm
clad. mark me down there. >> i'm with you. >> there you go. all these companies are hitting it hard now were once in a position of go daddy it did not take some that long, but a lot of companies go through growing pains when you are a investor. neil: this is years of growing pains. >> i'm sorry. >> years. >> but you look toward future, a lot of these companies a few years ago talk about today are growing now. >> i just don't buy it i run a business for last 18 years, i have stake holders if i didn't turn a profit in a couple of years i would have been long gone as ceo of the company to me it is irresponsible. >> are worried something it (under lou going to happen. th >> i think so. >> we shall see a lot more coming up right after this.
8:53 pm
yes, when others focus on one thing you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere.
8:54 pm
8:55 pm
neil: what is deal with rigorous
8:56 pm
psychological test for pilots. more are you are recommending it. can we get same test for pilot who make the law? jeff does your psychotherapist lady i find scary know that heppa laws apply only in u.s., and u.s. has not had nut pilots crashing planes. >> all it would take to save lives of passengers to be put a small toilet in the cockpit. i have mentioned it to all you tv hosts not one of you have mentioned it on the air do you care? we did mention it. how about exams for politician.
8:57 pm
>> i said, message is bad read it all. >> no one the fault you for publications you monitor. i'm glad have you time to sit around and read articles, we leave the house early work when we get to work. we have a life whether we get back home, kids need more than someone sitting in the was on the. you know, it is not a choice. i choose not to purchase "new york times." i have a limited income in retirement they are so far left they have nothing to say to me. that is fine. bill i don't disagree with your position on not reading new york
8:58 pm
times and "washington post" because of their position on editorial pages i stop reading washington post when they made the position known in front page instead of news, they fail to keep their opinions to editorial pages. you are claiming a liberal bias in the papers that fine. you just don't read the other side? i don't know. then bender in north carolina, neil i read a lot but there is little that i can read that puts me ahead of my wife. who almost exclusively reads facebook articles. >> i watch fox news just to see what dark side is doing only in jest . >> you are wrong about the don assumption tax -- consumption
8:59 pm
tax they get rid of the irs. and very complicated code. thomson, if you were to travel to places with highest value added tax such as scandanavia you will find a lot of freeloaders and prices beyond belief. my cousins there get anxious to eat out. and my predict with manny pacquiao or floyd mayweather. kenny. that picture of you eating a hot dog and drinking beer at a baseball game in a suit is close
9:00 pm
to blos blahs blasphemy. >> all right. "strange inheritance" right now. >> victors in battle of little bighorn, welcome an outsider in. >> once they trusted him they would share things with him. >> he paints their port rats and get -- portraits and gets inside scoop on custer's last stance. >> she is convinced it worth millions but will anyone buy it. >> was he an artist or just someone who documented a side of history?

104 Views

info Stream Only

Uploaded by TV Archive on