tv Cavuto FOX Business April 16, 2015 8:00pm-9:01pm EDT
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i'm sure the white house will like this. that's it for us tomorrow james stavridis, good night from new york. neil: you heard it here first the white house energy ceo said the white house is waging war on his business and it would kill his business. >> this is not an assault untold. it's a dangerous takeover. i see the lives of my 7400 families being destroyed. >> it is an attack on every businessman or manufacturer in the country. >> a lot more lives are going to be destroyed and i'm scared to death for our country. neil: that is then, it is happening now, he is in a world of hurt now. murray energy ceo suing the epa over climate rules he says are a job killer and has the proof.
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he announced hundreds of workers are laid off because of the white house's war on the coal industry. he's not the only one. for example coal stocks are getting pummeled, taking huge losses. to robert murray on why he expects more to come. he joins us on the phone exclusively. robert, you saw this day coming. now it's coming. how bad do you think this gets? >> it's going to get a lot worse for america. it's not just the coal industry. it's america. the obama administration is destroying the availability, the reliability and the affordability of electric tower in this country. i call it a political power grab of america's power grid. in doing so, mr. obama and his supporters have bypassed the united states house and senate
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the united states constitution the law, the states themselves and the regulatory agencies of the states neil who are entrusted with providing our electric power making sure we have reliable power, and the cost of it. he's bypassed all of that. in a very illegal way that is why today we had oral arguments, and the four lawsuits they filed in the district of columbia court of appeals, in the district of west virginia joined in the lawsuits by 15 states who agree with me, and these are the lead cases we had oral arguments today and we've got to show this administration that they cannot ignore the constitution of the united states ignore the american people. neil: do you think, robert he pivoted here he said i don't
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flip over coal but like the cleaner technology. tom steyer is a liberal hedge fund activist had put out a series of ads. some say pairing you as representing the old days of fossil fuel and that this was just a shift in the administration's part toward cleaner air standards. you say it's not the case. >> definitely not the case neil. we need all forms of electric power generation in this country. we need coal we need natural gas, nuclear wind and solar. there needs to be a base loaded grip. the wind and solar only provides 1%, and it's five times more expensive than coal-fired electricity. we needed base loaded power. neil: what's going on? if you think about it, robert oil stocks have taken it on the chin as well. oil prices have come down, gas
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prices have tumbled. what if it isn't the administration's fault and say this is a worldwide phenomena that has nothing to do with our clean air push. >> i say that's more garbage. look obama is playing and the democrats support him to the people that got him elected. the liberal elitist of this country such as mayor bloomberg of new york who's given 80 million dollars to get rid of coal. playing to hollywood characters playing to unionists and playing to radical environmentalists. that's the audience, that's who he's playing to. unfortunately what he's doing is hurting people on fixed incomes. people who are on fixed incomes don't realize what is happening to their electric rates, and they will one of these days when they flip the light on and find out that their electricity isn't there electric bills are
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already doubling. neil: you find it ironic robert, with the allure of cars from tesla and the plug-in vehicles that are utility dependent if you think about it that that clean air push is provided by, you know, coal-powered utilities? >> that's correct sir we need electric vehicles, we need the more use of electricity. i care about our environment too, but i am an american, and i'm a balanced environment. and people on fixed incomes are not going to pay electric bills with what obama and supporters are doing. they are fracturing the global marketplace. electricity is a staple of life in this country. it is our staple of our life and we need low cost electricity to compete in the global marketplace. he's destroying that. i have seen it coming.
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i've spent 58 years understanding the electric industry. seeing it for now and playing out every day as electric rates are going up and up. he better be worrying about the people in india that only have a lightbulb in lafl their homes. he better be worrying about the people on fixed income in america as their electric rates go up. this global goofiness, the earth has cooled for the last 18 years and six months. it's all a facade. it has nothing to do with the environment. it's a political power grab of america's power. if you want to get control of the country in a diabolical and evil way get control of electricity. that's what obama is doing. neil: robert murray, you could have talked to anyone. we appreciate you stopping by here first to talk about this but it's exactly as you said robert. thank you very much. robert murray not the only ceo crying out for help. on whether the white house is
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hearing any of the warnings at all. i got to wonder, i got to wonder right now, jim, the first thing that comes to mind is either they don't care, that is the white house collectively or they're just moving on. >> well, the president has shown over and over again that he doesn't care what people think. he's shown he doesn't care what the voters think. he said so in his speech after he got clobbered in november. he said he was going to pander to the people who didn't vote and when did we become an anti-democracy, when did we care more about those that didn't vote than those who did? he's made so many unilateral moves. in the case of coal maybe it is a dying industry, he's trying to kill it very, very quickly, and the reality is that this was going to happen anyway through natural gas and market forces but the president is making unilateral moves stepping outside of bounds, and this is not good in any respect and it's not good
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for those jobs, and not good really for our economy, because our manufacturing bases have not had time to adjust to it. neil: you could flip it around as i was trying to raise with mr. murray is saying look, we don't have control over this sudden global macroenvironment that prompted to you lay off people. what do you say to that? >> i'd say you got an administration that is constantly trying to claim that it can command and control and direct market forces in exactly the way it wants to. and it never works out right. look, i don't think there's a person they know other than those directly in the oil business who would say that it's a bad thing that we've got oil prices doing what they're doing, and one really significant reason is because of the amazing success of the american oil industry, and natural gas industry in developing hydro fracturing or
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terra fracturing technology that's what the amazing production we built out of nowhere has driven the prices down and, of course this administration is against it tooth and nail. so they're constantly battling those market forces so it's like it's almost hilarious if they say it's market forces. neil: i don't know what it is you are far smarter than me in this stuff, this is one thing we have a lot of coal the one thing we have a lot of oil. the envy of the world and limiting access to all of that jim? >> neil the president has said we're for an all of the above energy policy. but the reality is he's for very little of the bow. he's for solar power and wind, and he has basically put roadblocks in every other form of industry, whether it's nuclear, particularly natural gas and oil, and particularly coal. so most of the forms that we have of energy he's been a roadblock for.
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so it's fortunate that american ingenuity has gotten in the way of the president and we've gotten the ability to frack and get the energy out cheaply anyway but the president has been obstructionist. look at keystone pipeline. the state department said it wouldn't cause ecological problem and he stood in the way. neil: dave, what is your prediction in the next couple of years? >> my prediction is i think to everyone's earlier point i don't think this president gives a flip about what anyone thinks and driving a hard, left and anti-market force agenda and these prices, these energy prices, electricity prices are an insidiously creeping up thing that you almost don't feel and then you look at it and you suddenly say, gee, wasn't i paying like 40% less than this two years ago, and where did that come from? of course nobody is reading
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the fine print. what's going to happen is a lot of pain for people who don't deserve it. neil: gentlemen, thank you for clarifying the mess, and it is that. from the crackdown on coal to the labor department. the labor department issuing rules against financial advisers and their clients. congresswoman ann wagner has proposed legislation to stop this. how so, congresswoman. great to have you. >> great to be with you, neil, and your viewers. legislation which passed last year in a very bipartisan way is going to be lifting up and protecting low- and middle-income investors and savers. that senior trying to save for their retirement. the young married couple trying to save money for their first home or education. if this rule that the department of labor is marching through and pushing forward does not get stopped, you are going to see access choice
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and very high costs very those very low- and middle-income investors. neil: wouldn't it be good for the low- and middle-income investors if the charlatans are weeded out or those preying on them and trying to take advantage of them. >> plenty of rules and laws through the sec and fenra and many pieces of law and legislation that stop the predators. i think it was wrong insidious for elizabeth warren and this president to go after an entire industry of financial advisers and brokers. neil: that's how i read it, too. my immediate reaction was sure they're not all misfits and started thinking to myself maybe this is part of a bigger agenda here, if you take away the ability of people to get smart about their money they'll always be dependent on the government for that money.
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>> you are right. that is exactly what is going on here, and we have seen this neil, through health care through energy environment, education and now we're seeing it on investment and savings. this topdown washington knows best approach, elizabeth warren trying to save the american people from themselves, you know, we're smart! we're not stupid. we know what we want. what's in our best interest when it comes to health care and investing, when it comes to our savings. this thousand-page document that the dol put out that we're trying to absorb is only going to cost those very investors more money. they're going to lose choice. lose access. we saw this play out, neal in the u.k. where frankly a middle income investors were driven out of the market, and over 50,000 agents lost their jobs. neil: incredible. to your point congresswoman there are laws on the books for
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dealing with shy ofsters. >> that's the deal neil. the group that actually regulates brokers and investors and dealers and financial advisers is the sec, and frankly we have told them all to proceed with caution here they have shown no real investor harm, need to do cost/benefit analysis, and as far as i'm concerned, neil, this is a solution in search of a problem. neil: very good seeing you, thank you. >> good to be with you. neil: what bush can learn from barbie? and why joe piscopo says hillary could benefit from this? hold up your phone, and you can just look natural okay? [ laughter ]
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. >> there are companies that can remake themselves neil, obviously. what comes to mind to me are comes that were iconic brand names years ago. 20 years ago, kodak was huge. think of the kodak name. >> you are right. >> motorola. neil: remember they laughed at the digital thing. >> they laughed at digital had the digital camera. they introduced it. neil: before anyone. >> and motorola, the razor phone. neil: showing your age, my friend. >> that's true. there are ideas that clinton and bush can bring to the table, but it's not what we want. we really do want to move ahead. we want to move into this century. neil: they can't rebrand themselves that's tough to do? >> very tough to do. neil: thank you very much, my
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can out-tow ford's f-350 by more than one and a half tons. get more facts at ramtrucks.com . neil: all right, think quick. what do hospitals and colleges have in common? the more the government helps you pay their bills the more these guys raise their bills. don't you find it a tad bit coincidental as college loans are getting bigger and bigger college tuitions are getting bigger and bigger. same with hospitals. the "wall street journal" reporting that many have been jacking up prices as medicare has been overpaying for services, and the case of new jersey's christ hospital, the journal reports nearly 3 million dollars in special payments for treating the sickest medicare patients in 2013. that's because medicare allows
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hospitals to collect for patients with complicated conditions i.e. more costly conditions that's fine. here's what is not, lifting the overall cost of hospital care as a result. the general analysis of medicare claims data revealed that many hospitals jacked up prices faster than the costs actually rose. was it because medicare was covering the high-cost patients and the hospitals knew the money was coming in so they could keep marking their prices up? that's hard to say. this much is not. hospital costs are not going down and the affordable in the affordable care act is not happening. perhaps officials sort all this out and costs come down. looking at constantly escalating college costs you have to wonder if the government keeps helping help me figure out how the institution keep hike. if you know the government is helping your customer, what's to stop you from continuing to gouge your customer? that's the thing about mana
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from heaven that is more mana for hell. that's the gravy train that has to spot. my friend says i'm brilliant and right, and steve from the left says you're clueless and wrong. we're not going to hear from steve. okay where am i wrong. >> i think it's pretty indefensible, i think there is an opportunity in this upcoming presidential race in 2016 an opportunity for any candidate there's an opportunity for hillary clinton to talk about competence in government, and part of competence in government is getting ahold of the situations exactly. neil: that wasn't the question. more to the point does it with the best of intentions but fuels price hikes whether it's colleges or hospitals. >> i think it's right. i think the government has to get more control over it is part of my point that the next administration ought to be looking at more efficiency in
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government. neil: how about just getting out of the market altogether? >> you can't get out of the market altogether. medicare is going to continue, and there's nobody who wants to get rid of it. the republicans want to make it a voucher system. >> the idea it fuels the increases it was hoped to have stopped. what do you think of that? government again here in hospitals or higher education, makes the situation worse. >> it's the same difference. they're brazenly ripping off the american taxpayer. what's more despicable is the government agency responsible to police the system. if a restaurant maintains a filthy kitchen the rats show up. the health department is supposed to correct it. in 2003 there was supposed to be a correction for medicare. it took eight years. neil: i blame the seething institutions, i blame the colleges and hospitals, they're the rats taking advantage of it. >> they're both wrong. i'm not forgiving the government. this is going on these
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institutions are ripping us off. >> we have 18 trillion dollars in debt. steve is right. government accountability is a disaster. i don't think necessarily this is a winning issue for hillary clinton. you know the other day in new hampshire. neil: i don't think it's a winning issue for republicans either start talking about dismantling medicare. >> don't say dismantling it how about correcting it? chris christie talked about it and got demonized immediately. instead of saying we have a problem in washington the cowards in washington are not addressing it at all. neil: what are you going to see? >> the voucher system for medicare is, in fact dismantling it and there's very little support for that. neil: i don't want to get into the discussion on vouchers or whatever, i think they could be very productive but demand more cost effectiveness, i read your doubts, it's happened before. do you think that the government, with the best of intentions when it comes to health care or when it comes it education makes things a
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bigger mess? >> definitely times when government makes a bigger mess and the private sector makes things a bigger mess. cost controls in health care have, in fact gone worked under the affordable care act. it's continued to happen, gone down at lower rates. the prices have gone up in layer rates than decades. >> what do you make of this that is something they can point to, progress is our friend, we are grateful for this? >> the government takes two years to figure out whether they were right. so natural they're ripping us off because they're allowed to rip us off. neil: would you stop student loans and medicare? >> the hospitals are worse than the universities. >> i think they are both seething. >> they are both seething but they're worse. and by the way, we have to reform this system, and you can't do it lightly. >> i don't think anybody disagrees with that.
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my point about the 2016 election is competence and government will be a very much a winning message and winning issue. neil: going to be a tough sell for people who are jaded on government. >> i agree. >> secure the border first, you have to hold the companies accountable first, to start off with. neil: i don't know where we got to the border. >> drawing a parallel here. neil: see all the presidential wanna-bes, what if i tell you the one who wins is one who laughs at themselves? say it is so, joe. the comic with very serious campaign advice.
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landslide. everyone laughed. just like attacks on ronald reagan's age disappeared after he said this in a debate. >> i will not make age an issue of this campaign. i am not going to exploit for political purposes, my opponents' youth and inexperience. [ laughter ] >> you see mondale laughing. he was figuring it's over. i'm packing up now. to joe piscopo every candidate should remember that one and how crucial a sense of humor is to winning, period. you are absolutely right. >> no one like ronald reagan could take that step back and the little tilt of the head and the self-deprecating. neil: here we go again. >> and i'm telling you, we chatted about this before when i about ronald reagan on "saturday night live," it was always like have fun with him, and what did he do? vitamin of the white house. you bring it in. neil: i'd like to introduce to
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you our secret service with the submachine gun. >> it was great. that's the way he did it. john kennedy, too. very self-deprecating. who now? who is self-deprecating. neil: so thin skinned, christie and rand paul. >> and governor christie, why is it all about food it's over food. hillary over chipotle. who cares? >> what? you prefer olive garden? >> no! every picture of chris christie at a pizza joint in new hampshire or at a doughnut shop or something. neil: you know the brilliance of christie early on is corzine was having a field day attacking his girth, and he would go on imus and the other shows and make fun of himself and say, you know, no one will be able to throw his weight around like me and he laughed at it. >> yeah. neil: and it was integral to his ultimately winning. what happened to that guy? >> it's okay still.
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i remember don imus asks him, how much do you weigh, sir? and christie goes 465 pounds. boom! he went right to it. neil: brilliant. >> now, when you see him on letterman and took the doughnut out of his pocket. jimmy fallon has been busting his chops and governor christie is going with the flow. he's the only one with a sense of humor. neil: he gets onry with the press. jack kennedy would get really angry with the press he would roll with the punches and laugh. >> we were talking in the hall just now. barack obama, there is no real sense of humor, no humility. it's all about humility. ted cruz humility. rand paul scott walker, there is none of that now. neil: you know i have interviewed walker a few times, he has a bit of a bob newhart style of humor. i have no idea where this goes do i know that all of these
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guys and to hillary clinton and whoever else comes in the race they should remember it's a long race, and a few laughs aren't going to kill. >> you you know who has a tough job? "snl." watching darryl hammond come back as clinton is classic. how do you portray when you do a character on these things. whoever does marco rubio should not speak a word of english [ speaking in spanish ] >> all the time. you got to pick one thing about these characters because there's nothing. neil: he has a great humor as well. having interviewed him talking how his mother was a maid, and he just said i wasn't going to be mopping floors and all that, but maybe it takes time to come together. >> it does who else? mitt romney never got into the sense of humor. neil: if he had done more of
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the moments on the netflix special and messed his hair up more, maybe he could have done it. >> you have a close personal relationship with all these people. neil: i have a close personal relationship with you, and trying to find out why people call you a comic. you are absolutely right on all of the above. with the reagans because you famously parodied them, how is nancy to you? >> she ran the show. neil: did she introduce you to the secret service? >> did i show you my ronald reagan cuff links nancy designed these and given to me as a gift. she walked up to me and i saw this, i'm sorry you have a close-up of that. you know they were a gift from the new jersey broadcasters association because i only hang with the big boys. nancy looked right at me. neil: you were the italian comic. >> i am the italian comic. neil: joseph thank you. you're right it's why your
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career is on fire, always a funny guy, he gets the calls, too. they love him. the star with a million different reasons why you should be looking to buy right now? is cook cooking the numbers the apple watch figures that don't match up after this. ♪ at mfs, we believe in the power of active management. 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. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers.
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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. people ship all kinds of things. but what if that thing is a few hundred thousand doses of flu vaccine. that need to be kept at 41 degrees. while being shipped to a country where it's 90 degrees. in the shade. sound hard? yeah. does that mean people in laos shouldn't get their vaccine? we didn't think so. from figuring it out to getting it done, we're here to help.
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. neil: all right what the tech is up with this apple watch launch? apple retails admitting that the rollout has been far from smooth. that is an understatement. she's been writing all about this on foxbusiness.com, which is why we have her here. she's looking at the numbers and the numbers are not what they appear. >> that's right, neil. we don't know how many they've sold. various estimates but apple hasn't given the numbers. neil: that is weird you were telling me, right? >> happy to brag about the 10 million iphones they sold in
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september, the first weekend. they did say in october they might not release the numbers, something about competitive reasons but regardless we don't know how many were sold. polls say about 6% of people were looking to buy one, which is good for a lot of companies, for apple it's nothing special. this will catch on for early adopters, mainstream, average buyer isn't ready to buy it yet because of the price. neil: we were chatting earlier i noticed and was surprised that a lot of people didn't know on april 10th, they couldn't walk out with them that day. apple will telegraph this, this is in all the press that you write and stories that i write. that's a bad sign, because the people get very angry? >> lot of confusion about this because i've been hearing from my readers. the day before apple's preorder, that's when they changed the way things work, they were going to sell things in stores on the 24th and
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admitted demand would exceed supply. neil: that supply-demand situation. >> a lot of people say apple wanted to sell out because it's good for publicity but you don't want them back ordered through the summer because you get canceled orders. and they have. the shipping dates have been moved up. i think that's actually bad for apple. neil: when you say the shipping dates have moved up if there have been enough cancellations you are going to get it sooner than they told you. >> yes, for the apple watches. >> do you know how many cancellations? >> they haven't said. neil: the one that we consensusly heard, if that's a word, is a million were sold. >> they made an educated guess, but we don't know how many were sold. a million is in line with what a lot of analysts were estimating and that's great. it's a lot more than android watches. but i still think that that's not mainstream yet. there's a lot of people out there. for context apple sold 700
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million iphones so a million is nothing special. i think the early adopters people into tech like me people who use this as a fitness band are buying those. neil: how many of the editions, the high-end once did you buy for yourself? >> i only got one, neil. unless they want to pay me more. neil: i should disclose, i am an apple shareholder. those are not so friendly apple questions. there! to the latest housing market hurtle. young people are staying out of it. the star of million dollar listing new york on what is about to save you? er 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.
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behind in loans. young people aren't rushing to buy. but million dollar listing new york star ryan says rich people are buying and they could be the ones to lift us out of this housing morass. they're saying it's not that much of a morass, it's okay. >> i don't think so. i think especially in a place like manhattan the wealthy are the ones who have been buying all along. neil: manhattan is la la land compared to the rest of the country. >> sure. there's a consensus now, since 2008 where people are a little more financially knowledgeable or understand you shouldn't buy something if you can't afford it. neil: let me write that down. >> most people don't think that way and you know what -- >> in the height of the real estate boom. people are worried it could happen all over again we're getting pretty -- no cash down type loans are coming back 3% are. not in your venue with your
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customers. do you worry about that? >> sure, i worry every single day. i think something could happen that could affect my market my market is incredibly volatile. neil: who is your market? >> the entire world. i sell in new york city because everybody everywhere wants to own a piece of new york. neil: you mentioned you exceeded popularity with the show and very recognizable face. russian oligarchs and the chinese billionaires are scooping up the high-end real estate in manhattan the russian oligarchs who are losing oil have to sell now. china may not be what it appeared. what happens? >> when china decides to stop buying new york real estate, south africans stop when south africans stop, brazilians come. in a man who makes a lot of money from fracking is going to 157 and selling him ten
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apartments. >> 157 is the central park. >> exactly. neil: $100 million penthouse crap. do you buy the trickledown theory, that group is visibly buying, it carries the entire industry? >> absolutely. neil: really? >> of course. neil: they've been always buying, in smaller volume. >> they were smart enough to hold and take a step back, buying more and through the big purchases, transfer taxes and $100 million condo, that's a lot of money. 1.825%. neil: bill o'reilly was telling me and he was whining about it. your customers, you always hear people are putting more cash down or all cash do you still see that happening? >> yes. neil: really? >> if they can. if you have the ability to put all cash down, what i'm seeing over the last 12-18 months is wealthy people who have the means to pay all cash taking advantage of credit of debt. everyone keeps waiting for
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interest rates to increase they don't. they say you know what? all of my friends did, it i'm going to borrow why not? it's okay. >> you are still optimistic things are stable as we go. >> absolutely. i think people are smarter now than before. neil: million dollar listing in new york, he's the star. protesters are pushing for $15 minimum wage? are they serious or just being silly? you weigh in, right after this.
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neil: what is deal with all of fast-food worker protests popping up all over the country mcdonald's already raising minimum wage a buck an hour, the protesters say it is not good enough. it is either 15 bucks or bust. saying what the hell? what happens if they are already making $15 an hour do, they get a raise. ask the unions if they are
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paying demonstrators minimum of $15, and mcdonald's, wendy's taco bell, et cetera, they were never meant to pay high wages these are for high school kids, people were supposed to get educated and work toward a career. it costs taxpayers between 150 k to 312 to get a kid to kindergarten-12, he or she should want to do more than flip a hamburger at burger king. or if this is all they aspire to do then let them get out of the school system in fourth grade. people did note want to do it for a lifetime. >> neville in louisiana nile, the biggest problem for the franchisee payings for 13 an hour -- $15 an hour, is we
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payrollties, and corporate stores don't, if i did not have to maze 6% royalty i could may my employees this insanely high price per hour, every time i chat with hawaii democratic congresswoman, this time over demands from congress that president listens to congress on this iran nuclear deal, i get more than a few e-mails like this one from brian. she is first democrat that i have seen on fox news that i have been impressed with, she is arctic let seeming leonist and has a good grasp of the facts get her on fox more over often. >> peggy not so smitten would you please tell the representative this country is not a democracy it is a representative republic, seems
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many democrats are unaware of this minor detail. what she said about congress having a say in this whole iran thing is legit. >> who better to fix our complicated tax code than former irs worker. >> then reduce the income tax rates, leave a small number of people oyou could bring down business tax rates. neil: and leonardo does not buy it your guest would do nothing to self the tax problem by having a federal tax and a consumption tax the simple solution is a flat tax. and really, neil, first red flag is the guy wants to keep income tax, sacred flag. revenue neutral, he is another washington hack, and dangerous
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politician. so you don't want him to be president? all right. thank you for watching. strange e-mails and "strange inheritance" now. >> found in grandpa's attic. >> dirty dusty old box, it was like wow, i don't know what it i is. >> a discovery that will make the baseball world flip. >> you have ty cobb, and cystie mew young. >> i am thinking to myself, i self have a million dollars in asi chair. c >> is it almost too much of aa go good thing? >> it changes the market in a negative way. jamie: i'm jamie colby. i'm in
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