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tv   Cavuto  FOX Business  April 22, 2015 8:00pm-9:01pm EDT

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you said on the side of truth, justice and the american way. thank you. be with us tomorrow night. good night from new york. lou: you do not not have to wait until may 1 to check out latest avengers. we have political avengers to the koch brother's liking they just pick their own. welcome, i am neil cavuto. they have now backed up to 5 republicans this primary season. bush walker, rubio cruz, and paul. betting they will be the 2016 heroes which would make guys like chris christie or ben carson mike huckabee, not heroes well maybe a spinoff movie. but how fast, quick and abrupt is that?
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all right up impressive but they are very rich, they are placing their bets that one of them is going to emerge as the nominee. what if it's not? >> if it's not then they hedge their bet on the wrong guy. you have to remember koch brothers are just like you know good old americans here. they really want the candidate to make a compelling case so they can pick someone to win. they had a lot of strategy. people are tired. so are koch brothers, tired of presidential losers, they want to get behind a potential weather, i am sure each candidate state their case, and given a winning strategy, how they are going to win this. that is what propelled the koch
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brothers to put cash behind it. lou: i don't neil: i don't know them as well as you do, do they look at polls, they are in and out of top 5 they said all right for the time, one of these should have a shot at winning it recall. here we are. >> i don't want to speak for them, but you nailed top 5. those are those who were at conference that i attended in palm springs in january. i think they are leaning toward walker that stuff you read in "new york times" is true. they want to be careful because they have a lot of donors. i see you as captain america neil. neil: i do too it falls on deaf ears. larry one thing that i wonder in this push on part of koch brothers, what are they doing?
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i don't want to sound sinister you about are they -- what are they demanding out of the candidates? do they want them to seal like squeal -- squeal like a pig or what? >> i don't think squeal like a pig of really their take home point. but i think they are putting their message over individual politicians. tippicly they don't put their money in primary races as you well. well. neil: they are saying, no tiki tick -- no tck y no shirt. >> we know who big players in the big game are it is likely they are leaning toward walker direction. that is filing i get. but they don't put their money on primary candidates.
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neil: so why are they doing it? >> why? >> why -- they want to win? >> well said. >> winning everything is. without money it would be a mystery, it makes money to get you know noticed. money is message. without that you have to be special to you know, be noticed without anyone behind you or money. that is a nature of the game. and fundamental politics that the ammunition that sniper rifle for anybody involved in politics. not that i want to defend koch brothers but i do defend their right to spree speech. neil: no, no it go ahead. one thing, let's say someone ought of top 5 or those 5 gets this nomination, will they go back to koch brother or not and say you sob, did you nothing for me, i'll be damned in i am gag to dance like-- if i am going to dance
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like a circus clown for you or bear? >> i love that, of course, they are going to the koik brothers say this is a full on race. probably a 2.5 billion race, you can thank hillary clinton for that. she is going to boost it through the roof, that means g.o.p. has burden after a crazy primary to bump it up, they are going to the koch brothers. neil: my problem. is with this, it seems sorted. we are powerful, we have a lot of money. perform. we want to see you perform. >> i don't see it that way. >> because you are one of the guys with the money. >> not necessarily i have to raise the money. neil: candidates come sucking up
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to you. >> i see them wanting to win and i see them, libertarians, you show me your idea our plan to win we'll place our bets then. neil: would they place them with a ted cruz? i would assume he is fifth. >> i don't have imhg anything against ted cruz, i saw him of the 5 i ranked him 5 scott is 1 rubio 2, jeb through, i don't know for me you know i was with dave koch . neil: done crist meet with them. >> he has. >> this is a grinding campaign. christie has not shown the grinder that you need for this. neil: what do you make of that? larry? >> you talking to me, neil?
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neil: i am told maybe a time he expecter -- percolate but now he does not. >> i don't know the outcome of the meeting. he could be a underdogs candidate, many feel his time passed in 2012, i would not under estimate crist or walker. -- christie or walker. they have a soft spot for scott walker. i don't think they are ready to endorse any individual candidate. they will put money in general not primary as they should. neil: thank you. from the avengers to back stabbers or front stabbers. give john mccain some credit as least he is letting paul have it in the open. saying paul was clueless on
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these issues, and president obama with warren said he admired her but she is wrong on trade, she fired back later on, saying your whole trade thing is wrong. kudos for getting it sut on open. -- it out in the open, but now they say time for each party to save the real nastiness for i guess inside the tent? >> i think for g.o.p., they have been infighting for a long time, on a varieties of issues, one is this senator mccain versus senator rand paul, i would like to say defense hawk versus a peaceful dove. you seeing that in republican party we've seen that fighting. what is interesting with democrats, they have been unified with president obama on a variety of issues, this one trade issue transpacific that caused first real divide.
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i think that is real interesting one to watch. neil: you know, i don't think any of this -- republican ones seem to be more nasty, but you remind me, that can change. but do you feel particularly with mainstreamers and these tea party candidates libertarian candidates the cruz and paul types, with them mccain and graham types it that going to be vinvinegary ? >> we'll see that on foreign policy, have you different view points and republican candidates will attack each other on foreign policy, who is the real republican candidate? i agree with mercedes on the left this trade issue is the biggest civil war in the
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democratic party since the iraq war. this is a big issue. and hillary clinton has not said where she stands, does she stand with president obama in favor of this trade deal or with warren? that will be a huge issue on the left in those debates. neil: you are right about that, the democrats saying same thing we don't want another bill clinton thing he -- nafta as a great safe why are for jobs we don't want to see that again old wounds have a way of healing. >> hillary clinton on the have earning of being a flip-flopper. on the tpp, she is trying to drive this populous message, you know buddy-bud we senator warren that will be one issue that everyone is watching to see what she will do, she is waiting to see finally did tails are on this.
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neil: do you think when all said and done that the differences within parties will settle themselves or will there be enough of the losing candidates to sit down election and make them pay? >> i think that when we have two nominees, on left and right, i think most of these differences settle down, republicans are really hungry for a win. they want it to beat hillary clinton. on the left, they know who their candidate is, they can push her more to be more progressive but hillary clinton is hillary clinton. and she is more of a hawk than a dove. that is what left is concerned about. neil: thank you both, speaking of hillary, you know, she getting a lot of -- for this topple rich comment. she would be among the rich. the 1%. so how do you topple yourself? >> i want to introduce you to a
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top economists that warns you go ahead do that you just want toeled the economy. >> toppled the economy and gas is down attackses are up, congressman who said is not sounding like a republican he inevitable sifts -- insists he is just being an american. it's more than a network. it's how you stay connected. with centurylink as your trusted technology partner you get an industry leading broadband network and cloud and hosting services. centurylink. your link to what's next.
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neil: get ready to be taxed at the tank by republicans, in the tank some democrats ohio republican congressman says they have to see things in the big picture signing on a bipartisan bill that would nearly double the gas tax why? >> well, it does not double it,
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it does it takes the idea of how do we fun highway transportation fund in long-term. and put it in will of congress act it does a indexing going forward, which is $2 .86 a year to average driver that gets us two years then this bipartisan committee they can eliminate the user fee if they want to. neil: gas tax itself would rise to what? >> less than a half a penny. neil: all right but there is wiggle room to go higher indexed to inflation. >> that would be indexing less than a half penny $2 .83 a year less than a opiniony a day. neil: a lot of conservatives say, wait, we already spend $100 billion a year on infrastructure-related cost with tolls could and gas taxes we have and fees, they say can't we
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check where that money that been going first, they do agree with you, the roads and bringing need work -- brings bridges need work but it is disappearing, what makes you think that this tax would? >> well, neil, keep in mine highway trust fund is a separate fund, it is audited and reviewed those dollars are used for roads and brings. there is some money in mass transit. that commit they can eliminate it if they want. neil: what do you mean eliminate mass transit? >> they could eliminate the funding, this bipartisan committee to say we'll eliminate the gas tax all together. this is forces will of congress to get something done. kicking the can down the road does nothing but taxes our children and grandchildren for roads and bridges we're using.
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neil: through highway fund or the other taxes, i think what coming through is, this -- if we can't with all of that money which i guess adds up, deal with this then we're in worse shape than we thought or, or, someone is absconding with the money. the fear is that whatever you doing with the best of intention is just going to get that more money missing. >> well neil, think about it ugas fee has not been raised for 22 years i came from a city we had a project 11 years ago that cost 18 million now this costs 30 million, we have a imbalance in a fund we have to fix it, this comes back to a long-term plan this forces will of congress for a long-term plan. we can't keep putting dollars on the backs of our children and grandchildren. neil: you say bipartisan plan, enough that it would in end go
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through house through senate and be signed by the president? >> well hopefully this gives the will of congress to come up with anything they want, hopefully work with the president, whether re-- there are all kind of ideas. i didn't come to washington to kick the can down the road, i much a solution. >>e. neil: i admire that but i wond ser there anything built in to this proposed that would account for malfeasance or make sure that every every penny of that half penny and half penny to come it geared just toward infrastructure, a lockbox on the gas tank. >> the committee will spend one year coming up with a long-term plan and address those things, absolutely those concerns are out there. neil: thank you very much congressman. >> thank you. neil: now a lot of you might be too young to remember this,
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neil: congratulation all you minimum wage protesters, companies are paying up unfortunately, just as likely they are throwing you out you are being replace by robots, rosie the robot is now cleaning the clocks this is weird because the jetson's maid never had to punch in. she is about to be a very permanent present in america a professor out today with this bold scary predict robotics will be the wave of the future, and a lot of minimum wageworkers
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will not be, fast-food joins have automatic drink dispense ors and check out at rate we're going those burgers they will be cooking that brings me back to protesters, have you every right to complaint and demand. but 3 either guarantees -- buneither guarantees your right to a job the world is automating and at our lowest and most untrained level, have you now succeeded in automating your way right out of a livelihood. that is the thing about robots, they don't complain much in long-term they don't cost much, not nearly as much as you. you know, she got the job done that was it. nancy pratt. said that robots the perfect way around the pesky union demands
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and comuk said that chuck saids-- chuck said that robots will unionize and make this a moot point. not really. >> we've seen auto make come and g we automated car industry, and remind consumer all money we safe with robots has price of cars went down no, all that robot is going to serve you that hamburger that fell. >> they will add -- having said that ashley, what do you make of this? that whether you are right or lift or low rage or high wage, robotics is changing the workforce. >> i think employees and small
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business owners and you know operators, are realizing they have to innovate as costs are rising one of those costs as you move forward are those minimum wage protesters. demanding that $15 an hour, that will jack up costs for employers and business owners, as a result they have to be more innovative, guess what? down the line it is cheaper for the robot mixing your drink they will not replace our average bar stander it will not bring down costs it problem union protestor chuck are one that are going to be eliminating jobs for very -- real wages have not went up in 20 years they are not protesting because that i want to protest. >> unions -- you are right union backed protesters are out demanding a minimum wage increase to fill their own coffers that is why they spent
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-- neil: we could argue about whether they deserve a razor not, but reality circumstance they could be speeding up process that will kick them out the door. >> that is what they are doing. neil: go i to many places at new jersey turnpike, frost food joints, more and more have everything automated. i have noticed it is a trend that i am sure is not justice scaping me in new jersey. >> back in old days there was 150 men in a steel mill in 1 section, they automated that, now we're more efficient you cannot do that with customer service,. neil: you can a lot of people don't go to bank tellers any more. >> bank teller is not feeding you a hamburger. >> for example automation has led to convenience for a lot of folks who don't like seeing a
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human being. >> when go i to a bar i don't want to strike up a conversation with the bartender hiring are someone for $15 an hour, and a robot overtime, and that pes ski obamacare task, robots don't need health care. >> i am being pro worker, we can't take worker out of -- >> i am not saying that we should, but unions are speeding up to that process. >>y would like us to achieve the american dream. neil: have you gone to a bmw plant floor in germany is is amazing a see two one or two angry german guys, i tell you i make light of it, they are some of the finest cars in the planet. i am saying that that plant that i was at, you know, i didn't see too many humans.
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>> and i spoke of the automation in the beginning we can't run away. neil: i think you are running away. >> i am not. neil: you are running away. >> i think that it ridiculous because groups like restaurant opportunity center rock who is out there they say you know, i think a year or so ago that workers will never be replaced with robots or automatic technology, we're at that point they are do you want know to w.h.o. -- who is spedding it up is unions. >> because they want to raise. >> oh, my gosh. >> neil: i want to talk -- >> come on. >> omon common economic sense. neil: i like a bartender. >> we'll get a drink and we'll talk about that bartender in front of a robot. neil: you're on. >> i'll buy you a drink. neil: in the meantime, is
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hillary clinton just announce the war on wealthy? 5 years after -- crash the accuser we behind bars,
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>> neil: maybe this will have left, down "the new york times" that clinton is calling for the rich. that will only toppled the economy and herself in her case landers stand when she gets that with the frustration of the rich with a disproportionate share of the wealth but the also trigger a lot of the wealth. >> you have seen the tv show called the st. makeover now she tries to portray herself
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as a populist champion of the working class providing she has a hard time selling the american people on that when she makes $200,000 a speech that is three times more in our than the average person sitting around the kitchen table. >> kennedy did not make his wealth and issues so how did she walk that tightrope? >> one thing about jfk is he did not bash the rich. get history straight he cut tax rates for everyone. he talked about a rising tide lifts all votes that comes right out of his speech that is the old democratic party but hillary is representing a party that has moved sharply to the left with class warfare and robin hood politics that drives the party. if republicans will win and they have to make the message that we are.
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and we are the party for the rising tide that lifts all votes where democrats want to steal from the rich to give to the board. id envious what that is about i was envious of her policy. >> there is a fair and balanced nature that there was a disproportionate attention on mitt romney's wealth now the democrats do it. where does this go and is it an issue? that also can be a slippery slope. >> the reason mitt romney lost and we do this very clearly because he could not persuade middle-class people that he cared about them. basically people don't care
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what you know, until they know that you care and hillary tries to portray herself in these limousines and private jets that she is a person of the middle class. i don't think there is the cover should matter one iota but it is how they promote policies for economic growth price thank those policies to topple the rich but those of the one set aside the paycheck. neil: maybe they get to that point. >> to add three people what they do for a living is own and operate and invest in small businesses where the jobs come from. good to see you. fixated on when the federal reserve but the economist to
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says i never. pt 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: everyone there is worried that early next year but our economist says the rate i will not happen at all. why is that the case? >> it may never have been. she could raise interest rates anytime she wants to issue will phase headwind once again the economy is not expect -- performing as expected and this happens over and over the fed thinks the economy will pick up said as we get closer does not happen. the fed issued and september will assess the situation to come to the conclusion it is dangerous to raise rates. neil: that is the notion whenever nominal improvement we're having that it could
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be slightly down? having said that it does give that wiggle room to pappardelle a rate hike but we have to eventually? >> it doesn't have to but the notion that interest rates cannot be around 3% is silly. then huge excess supply of capital in the world with a stronger economy of europe in general -- germany rates have gone dash the tax companies but they could function quite smoothly to have dash rates on savings a and that is it. neil: what about japan? >> japan has other issues and has a shrinking labor force and a rapidly aging population and more acute than your report united states.
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neil: but it is very tough to push through wage hikes so they start to say inflation is gone and it isn't the problem and that is where you are surprised because it does pop up. >> we are in getting inflation but through assets. treasury securities to look in value. neil: you think that is the bubble? rebecca or just a change of relative valuations that they become more valuable? neil: look at bonds and lower interest rates how we could leverage off that. you worry about that. sold to feed that euphoria. but the ratio is below 80 in the 25 year average is below
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50 but that shows a rate of return. there is of lots of room when you consider how efficiently to build the plant. google was greeted with only 25 million. >> they use capital so efficiently it is worth less. >> stock prices get very very high. >> but now google's tries to run verizon out of the business talk about a wild day with must see details.
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the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.
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neil: this has become my favorite is segment not because i unhindered but when people start talking about then they say it is the big deal. for example, google unveils of wireless service to make verizon and at&t pretty anxious but is it google being just? this is just the latest, but what happened to there core business of searching? it could be the future trend if you trust google or parse out those traditionally. >> this overreaching but
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they want to overdo any way they can get to you. >> they will never admit that. they tried to be the guys that deliver they want to sell. >> don't they need that infrastructure? >> so babysat from sprint and teeeight mobile. so they are a big customer give it to them we will be branded it. neil: so with his limited? >> definitely. that is the problem. >> sprint? >> then they better be careful to hold up with google.
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>> they have to be very careful. neil: of going outside the peach tree dash. >> this is a very different business than what they're used to. this is a totally different thing with quality issues and networks i can get why they do that but i think it is a big risk. neil: breadboxes accusing verizon of violating contracts of the slimmer and cheaper package. who will win the? because with the content providers they make money off of that. >> people who watch tv will
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win because having giving you a buffet for a long time have said take those channels like to sell more i could make more but the truces with a 180 percent of those channels we pay at 280 but we watch a 17. neil: i think dished did something like that. the idea they will pay less for the ones that you want. >> exactly. if you want to create customizable experience they don't want to begin the middle of the buffet or allah cart making getting anything we want what are we spending all this money to give disney as chance to push 30 channels we don't watch? neil: is the loan is 30 channels.
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it moves in the direction of customization. that way we went. neil: fair enough. but then only to reach the exercise goals for the days when the cookie jar will open. really? >> it is a cardinal example letting technology control a behavior. neil: how does it know? >> i'm guessing that has a radio signal. neil: in my mouth? [laughter] >> with your fitness tracker neil: otherwise don't think about it. [laughter] so these get to be a little too personal. >> is weird. but nobody wants somebody to control the but technology is not meant to control your preferences.
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telling them you are about to hit something but this is a cookie. >> if you exercise. >> why is the refrigerator blocked? >> thank you very much. the next gatt - - the next guest says so.
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>> get this out there. i am a tech support i have been known to use electronic e-mail or to go on the world wide web to search for things. >> bed here is the thing. but with good zea's service says that it impregnates the mind of the evil. one of the worries as technology moves faster and faster as regulators move slower the bad guys get ahead more often that is something that scares me. >> day understand the of machiavellian characters. but when i did this? but not to that degree of
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but that is what worries me. >> but to that point the of flash crash we're told created by a buoyant guy? that is incredibly scary that one person. i wish they said it was of big conglomerate that day because at least that would make me feel better was a bigger effort than somebody putting in in order that melts the market. neil: i was running into friends whose said it isn't the way that it was but not nearly as many as used to be down there to make it increasingly automated. in that world anything can happen that you need a human being.
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to keep an eye on the technologies. >> i think it is true. that is the cost to get ahead in technology to take away the human element with those circuit breakers that were personified. if you invest your 401k average not to worry tremendously long term because after the flash crash in the market was up. after the crash in bond last fall the prices went up so is say a good opportunity to have cash on the sidelines to take a vintage. neil: i look at this stuff that is below the surface where you slowly take a quarter of the petty here or one-tenth here. >> beings that have been in
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superministry. that was one of my favorite concepts of all time. that is a bigger event down the road by the nefarious groups. so we all have a job to keep an eye on those things to lead to bigger problems in the future. neil: when you say it will happen again the you read any moment of in the day? >> yes. i think you look at these issues of opportunity. there is a lot of volatility with the bond prices dropping considerably in there is ways to use the those bonds to explain it -- to exploit to was a degree. civic that reminds me of my
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dad. you could automatically deposits your check. and they were routed then. go figure. >> imagine now. neil: see you tomorrow night. >> 100,000 creepy-crawlies civic they will cover your whole face. >> from the far reaches of the world. a bug's life. >> walt disney wanted to go into the museum to buy the collection. >> there is a bigger story. >> that was and i opening experience. >> r

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