tv Cavuto FOX Business April 23, 2015 8:00pm-9:01pm EDT
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looks like work there to do. thanks for being with us tonight. join us tomorrow. good night from new york. neil: is the economy is doing so well and market averages are hitting new highs, why are so many americans on food stamps? and if the health care law is so good why is it enticing more americans to apply for food stamps? we want to know. welcome, everybody, i'm neil cavuto. and it's always been one of those things that never quite jibed for me. a jobs boom and the food stamps boom. it doesn't fit. you would figure as meager as the recovery has brngs it's been a recovery, it would have folks relying on government less, not so. and in the case of the health care laws just the opposite, and analysis by the associated press reveals that in 11 states, the law actually makes
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it easier for some to sign up for food stamp, and they have. sabrina schaefer and mark toronto say that is because the government is making it easier to get everything. they are not big supporters of government. julie roginsky says that is not the case. she loves big government. >> love it. neil: sabrina what do you make of this, and what happened in these states. >> i think we all know that obamacare is a bad law through and through we're seeing firsthand how big government is eroding culture of self reliance pushing civic society out of the way while dragging us deeper into debt and not growing the economy in a meaningful way. i don't think any of us here begrudge those who have fall own hard times. we want to make sure we don't have a go it alone society but recruiting people essentially which is what's happening here, to receive government welfare when they simply don't need it is not a way to help people in need. neil: i think the issue here julie not mistaken whether you
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agree or what the help is that in the effort, and it's a good effort to make going through this labyrinth of the process to apply for something easier, you make it easier for a lot of other things? >> like signing up for voting getting driver's license. look, this economy has benefitted. this is statistics, not opinions, benefitted primarily the 1%. they're worse off today than before the recession began. neil: you are not with hillary in toppling the 1%. >> i am not. i am about the 1%. i would never hurt you like that, neil. i love you too much. never you, no no. i am very much against spreading the wealth a little bit not just for distribution but a piece of the pie. neil: government benefits, is that the piece of the pie you want to share? >> most of the people on food stamps and stamp benefits don't stay there for long it's a supplemental. neil: we are close to 50 million. >> i agree with you.
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a lot of people who haven't benefitted from the recovery. neil: that's a good point. but what i've always said i can't figure out the number who really deserve that but if it's 50 million or, whatever then something is wrong with the recovery. >> if you can't figure out which people deserve it, government can't figure it out. we have a santa claus society. unfortunately we do. there are people deserving and should get help. what we should do is instead of spending millions on advertising to get more people to enroll in entitlements. we should use entitlement dollars to get people off the entitlement. neil: you're saying we need another entitlement program to tell you how it -- >> no no incentivize people to reach the american dream. neil: sabrina, be careful what you wish for, julie and i talked about this in the past there were hurtles with the health care law, the labyrinth, the maze to get through well lo and behold they make it
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easier, in doing so make it easier to get the benefits that come with it. that's what happened i believe in california. >> many states, exactly what julie is saying making it easier for people to check that box. when you present someone with something that is free, of course they take it. here's where we have competing ideologies. i think we all want to help people but want to help them by growing the economy. we want to make sure we're encouraging policies, whether it's reining in regulations, cutting back on taxes that allow for economic growth and job creation across the board for all americans. this is where we have real competition of wages. this is where we have competition of benefits. neil: fair enough. you heard of collateral damage, when it comes to the government, it's collateral benefits that worry me that this gets to be sort of a gimme that you got a lot of gimmies. >> this is not a gimme to me, this is truly people, who wants food stamps if you don't have to have them. >> but the eligibility has come
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down. >> listen people are living in poverty. >> who are all the people? millions of people are not living in poverty. >> below poverty rate. neil: one of the guys who got coverage from the affordable care act, aren't they savvy enough pay whatever it is they pay with the $5,000 deductible without the government subsidies. my immediate question is and you qualified for food stamps? >> there is specific criteria which you qualify for food stamps. neil: apparently a lot. >> i'm not trying to be cute about. this try living on what people qualify. neil: i need to qualify enough to get the coverage that would carry the high deductible and the high annual premium, so that was something the government calculated and figured didn't get the subsidies to go with it but were able to get food stamps and other goodies that have nothing to do with it. >> you're talking about expanding eligibility for obamacare. neil: no, look see what we do.
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>> this is what it is. the standard has dropped for eligibility of the programs, okay? and it's by design. the far left wants more people to be dependent on government. call it what it is. that is by design these are programming to expand dependence on government. why? the next collection they're going remember to who gave them those dollars. neil: this is cynical jaded man. >> yes i was in politics. >> on one hand we're not allowing people to own and control health care dollars. on the other hand we're encouraging them to become wards of the state. julie to your point, the fact is look up there's an article in the "washington post" 2013 where they talked about the recruiters going out and recruiting people to get on snap who didn't need it. they were using tools to get people off the street to fill quotas to justify the program. this is about growing government keeping government relevant and making people wards of the state.
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>> this is ideological difference it's about giving people the help and the need that desperately need it. neil: take a step back, obviously this is a disproportionate die cot mist providing so many benefits for so many people how can you give them a hand up when you are constanty throwing it out. >> increased earned income tax credit, the republicans don't support that either. there are a whole bunch of ideas that you can incorporate that. neil: even you and say in and of itself is not throwing stuff in with them. >> this is not throwing stuff at them. this is helping people who need a hand out. neil: let's be clear, that 50 million people can't be in that dire position. >> i think they are, neil. neil: really? >> because this recovery said -- [inaudible]. neil: don't talk about the recovery, not a great recovery. >> i have never bragged about the recovery. the people benefitting are not
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benefitting much. >> less reasonable democrat julie will say this economy is growing, but you know they can't say that and say that the rolls are growing and it's because they have better access because of websites and can you enroll in it. this is a santa claus society, we need to reduce taxaes we need to reduce regulations so everybody can share. neil: i wish we had more time. we do not. i apologize. if money does talk, hillary clinton might want to listen up. forget what she's doing with her cash and whether that becomes a problem. for new york mayor bill de blasio, as long as it is not his cash for a cause it's no problem. listen to this. >> new york city will commit to reducing income equality and reducing poverty and lifting people out of poverty. we pledge to move 800,000
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people out of poverty by the year 2025. neil: all right sounds good but former new york stock exchange chairman dick grasso says the wonderful goal will have a wonderful price tag to go with it. dick your big issue is we're the ones who will pay for it, right? >> it is wonderful to have those aspirational goals. 800,000 lifted out of poverty. 5 million new jobs. who's going to pay for it, neil? and at a time when this city appears to be doing all that it can to push business out of the city, whether it's by regulation whether it's incremental costs, you have to stop and ask the question haven't we got our priorities upside down? you start with the safe city, with a great police force a great fire department, clean streets a reala a real dedication to making every crime a crime. don't tell me about petty crimes are no longer a problem.
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neil: focus on this though what i think is going on here, this guy is trying on a run for president. he might be the only one who thinks he has a chance. the reason he didn't endorse hillary clinton when she announced is he might be a gene mccarthy to her left, and that is the one thing he's bracing for and trying to show that he is extreme liberal's dream. >> well a lot of people i talked to are really enthused at the idea of him running for president because it would get him out of new york. neil: is that when you run? >> well -- >> you wouldn't rule out running. >> i wouldn't rule it out or in. neil: you would be against bo dietl. >> as police commissioner as fire commissioner or as sanitation commissioner. neil: but not as mayor. [ laughter ] . neil: what do you think of this i think part of this was a trial balloon an awkward one, but the signal being to
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get people out of poverty, the government directly has to get involved and pay their way out of poverty that's what he's saying for 800,000 in that position. >> that's a misguided premise to. get 800,000 people up and into the middle class create jobs create economic opportunity. don't push the job creators out of city incentivize them to stay here. neil: your assumption is taxes go up in the city, the rich are going to pay for it. >> absolutely. and the rich are the most mobile in society, neil. neil: the most mobile in society are coming here they're buying the towers and penthouses. >> notice how many of the apartments have the lights on at night. neil: you're right. >> this is an asset allocation decision that people from around the world who have assessed the marketplace and have said new york city is a great city that it is the greatest city i believe on the planet, all right is still cheap by global standards.
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when you compare apartments to hong kong, tokyo london paris. neil: you think it loses that allure, and people go elsewhere? >> there's no question. it won't lose the allure for passive investment it will lose the allure for people to come here build businesses here, incorporate businesses bringing the world's leadership here. remember, it wasn't too many years ago, this was the capital of capital. what's happened to our financial system in this city? it is migrated to other parts of the world. we can bring it back because there's no place like new york, but you have to do that in partnership with the government a government that says i want to incent people to be here i want to build businesses, you need three things, neil you need safe cities, you need clean cities streets, a great education system, and you need an economic model that says come here and build your business. we have the ability to do it.
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neil: we have the ability we have the ability. dick grasso, always a pleasure, my friend. >> delighted to be here. >> the author behind clinton cash is make hillary's life hell? get ready for the fair and balanced sequel expected to make one of these guys' life hell. 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. bring us your baffling.
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. neil: all you republicans, don't get too giddy over hillary. the clinton campaign may be on defense over the release of "clinton cash" and where it went. bloomberg is reporting the book's author is ready for a fair and balanced new cash target jeb bush. on how all of this money attention turns on both parties. what do you think, pat? >> first of all, i know peter
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schweitzer and i want to say he is a fair and balanced. his institute has gone up. he got work with "60 minutes" when they went after and exposed both parties in congress how senators and congressmen were using inside trader information. neil: right. >> he did big stuff. he's done other big things and i think the republicans get theirs. look, he and i talked about the fact that corruption in washington is the biggest issue that is not discussed. it is like the novel in the kids' books "harry potter" the word that may not be spoerngs which is in this case corruption. it spreads in both parties. pay for play, i take care of you, bribery as a defined crime is never executed. it's usually with winks and nods and what have you. and by the way if robert menendez is being indicted war
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in he did, most of which is again circumstantial you wonder how hillary clinton will avoid investigation. but the republicans ought not to get in this. what this does, i've done polling for several years when you ask people to rate corruption among a series of issue, it ranks either first or second as it has done with rasmussen for some years, they know washington is corrupt against working against them. what this will do is heat up against both parties. neil: when you say heat up against both parties the american people hear who has the most money whether it's jeb bush or hillary. we know money is the great magic of politics, but will -- i guess the only thing that would change it for either of the candidates is if there is corruption involved or they got a deal or some payoff and that's something you could prove, short of that does this go anywhere? >> i think it's the -- in
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hillary's case it is the overwhelming abundance of examples here really. you got to to be a fool to believe that all these things are happening by coincidence, and voters not only are fools. disposition is the other way. we saw this in december, when they did up the bill, you know the continuing resolution for this year and did it in secret. who did they help, both democrats and republicans, led by republican jamie dimon and the banks to get an exemption they've been seeking from dodd-frank law. neil: you're not saying money stops having a role in politics. we might scrutinize it they have to be careful but there's still going to be a lot of it a lot of money right? >> there's going to be a lot of money. the fact is since watergate, we have lowered the bar immensely, and everything goes in washington and i'll give you the best example of it in my opinion. take these lobbying companies
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and these -- that go on in washington, take for instance the one that existed a few years ago which was, you know, which had jack quinn and ed gillespie a republican, jack quinn counsel to clinton and they've been doing business they're not together because of their ideological or political beliefs. they're together because the corruption is a two-way street. and somebody's going to notice neil. nobody has made that an issue and when somebody does all hell's going to break loose on both parties. >> you folks at home, listen to, this a lot of stuff he's said on the air, has come to pass, i've taken credit for it. >> you should. neil: thank you very much doctor. did tim cook pull a steve ballmer. when the apple ceo might want to cool it on the earth day celebration. first when giant cable
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. neil: stick a fork in it. this comcast-time warner deal is done. it ain't happening. pity. that's going to rob us all of the chance to see whether two companies each known for their horrible customer service could have made a go of it as one big company known for its horrible customer service. now that should have been the market's call consumer's call not the government's call, but what worries me about uncle sam crushing these guys' wedding and crashing it too is all the other weddings it stands to crash as well, even if it never shows up at church at all. how many other firms will rethink their own trips to the
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altar? their own marriages? their own mergers. there might be good reasons not to let comcast and time warner tie the knot. i'm telling you, market pros will hear me out. it's an unfortunate side effect when it ties up lots of other companies in knots as well. that's how it's going to happen i think we're going to see that. >> this is reminiscent of 2011 when at&t and t-mobile were trying to get together. fcc is supposed to protect the consumer. why can't the consumer protect themselves? shareholder will decide if this makes sense, maybe there are legitimate reasons why this wouldn't work. let the shareholders decide. why does the fcc need to get involved. this is why you are seeing this contraction and heavy government involvement and the administration is loving it. i think the obama administration, this is part and parcel of what we've seen
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since they've been in office and i don't think it's going to get better. neil: dave, whether it's beyond politics here the fear is they want to take it at face value you don't want the concentration as such that consumers could be at a disadvantage, as if they're not already. where does this go? what signal would it send to other deals in the making if the fear is the giants couldn't come together. remember the approval of the deal, the first announcement of the deal triggered a lot of other deals. >> here's the problem i don't think there's a good set of guidelines or clear understanding what this administration will or won't allow. it doesn't have a clear policy that says these are the kind of things you cannot do, and look, we both know, this administration has zero people who have a fundamental understanding of how business works. neil: you know i think this would have gotten a lot of scrutiny under the bush administration, so big so entangling i think that the environment, this is part of the latest example of it,
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right? >> but there's two different issues. i happen to think this is a crummy merger too, but on a whole different set of issues about technology and the bottleneck it creates and natural monopolies. but on the other hand, when you have the at&t-t-mobile issue that got shot down before or the at&t-directv merger there's not a clear cut policy. this is about market synergy or savings on distributions costs, all it says is don't even go down the road, and as you know it is a giant undertaking for two companies to try to get together. a huge distraction, it sucks up board and senior management and you don't want to go down the road when you don't know what's going to happen. >> let the free market decide let the shareholders make the decision, not the fcc. neil: are other companies looking into deals a fraction of the size wise in cooling it or wait out administration. >> no what i think they're going to do, they're going to be just as aggressive in the
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marketplace but plan better to see if the mergers would actually come under the same amount of scrutiny. i don't think this is going to want to stop people from having large mergers it affects the huge organizations, if you're a smaller company this is a non-starter, no one is paying attention to it. big once like at&t like comcast are under higher scrutiny. that's what it is neil. neil: what's ironic is the government kept a number of banks too big to fail. they have a problem with everyone else being big. >> they do i don't agree this won't hold up other people from consideration. if you think about this i don't have a lot of sympathy for these guys but they've been dragged through an extraordinarily long process when it should be much clearer at the front end. neil: things on hold with either of them, they should be waiting. if you're looking to merge, press 3. if you have time to grow a beard, press 4. >> it couldn't happen to nicer guys.
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. neil: forget iran now north korea is no slouch in the nuke department. so much so, even china is worried. think about that. china is saying we got a problem, says that north korea's nuclear arsenal is larger than we thought. here's where it gets scary. larger than what china thought and they watch them. forget a couple of nuclear
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warheads, beijing suspects north korea has more like 20 of them and capable of building enough weapons grade uranium to form next year. the north koreans are ramping up because they clearly don't fear us cracking down. amber they are willy-nilly doing their own thing, i guess huh? >> yeah, this is a chain reaction from years of failed foreign policy. we're essentially seeing a domino effect where enemies are taking advantage of weakness out of this white house. neil: wait a minute, to be fair, they took advantage of the same sort of reads from the bush white house, right? they struck a deal with them, dishonored it. they've been playing us for fools for a long time. >> since 1994, when there was the nuclear deal under president clinton. >> don't get me started on fillmore, but you are right, go ahead. >> the nuclear deal was you in the place to halt nuclear
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capabilities from advancing. in 2006, they tested their first nuclear device, and now 2015, they have depending on what estimates you look at anywhere from 10-20 nuclear warheads with the possibility of them doubling their arsenal. neil: what do we do? china is saying we're worried about this. we think you should be. what do we do? >> starts with our attitude towards foreign policy and national security. president obama i don't understand how after six years he does not get that you don't get anywhere when you lead from behind. peace comes through strength, and having that dominance on a global scale, and he's still not doing it. north korea, they're seeing this deal with iran where iran seems to be calling the shots. obama just wants the deal to get done no matter what the terms, and so they're going to say hey, we're going to take advantage of this and make as much -- enrich as much uranium as we can, while we know there are no consequences. >> scary stuff amber, thank
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you, i think. >> thanks neil. neil: rand paul says republicans are being too tough, and senators like john mccain lindsey graham they're lapdogs for the president. john mccain was biting back on that one yesterday. senator lapdog, what do you think? >> put it this way, senator paul is the worst possible candidate of the 20 or so that are running on the most important issue which is national security. the record is very clear that he simply does not have an understanding about the needs and the threats of united states national security. neil: kennedy says that senator mccain should be dialing back a little bit. >> hello neil. nice to see you. >> so mccain going overboard there? >> he always goes overboard. that's kind of his job. he's like the irascible elder statesmen in the republican party.
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neil: they called him a lapdog. >> calling each other names for quite some time. if you remember john mccain called him a whacko bird, and it set up the fight between the angry bird and the whacko bird and it shows that the republican party clearly has two nests and it's a rift that both sides are excited to exploit right now you. >> like the rand paul camp. you like that nest. >> i'm definitely a limited government person absolutely, and that's where senator paul falls. neil: you are fine with him giving away our safety. >> i want to give away safety i want to arm our enemies and live in splended isolation. neil: you are named kennedy. what do republicans do to sort this out? >> look at how expensive the conflicts would be if we engaged in senator mccain's plan. you can't bomb a new country every single week because you disagree with their policy especially in the middle east. where would see even start? neil: send such a strong
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message and you won't have to. >> what does that mean send a strong message. neil: president obama would bomb luxembourg or next in the l's. >> unless you are going backward in the alphabet. and senator paul called for an increase on the defense budget. neil: he has been all over the map. iran wasn't a threat then it was a threat. >> i think can you have a robust, smart effective military. neil: you are exactly right. and i defer to you on the libertarian thing. i think where libertarians could get caught up, it's a concern rap that they would -- they would cede our security for want of just minding our own business and just protecting our little self. >> i think anti-interventionism is much different than is
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isolationism. he's got work to do. it's appropriate we got get involved in every conflict around the world. when we are attacked we can bring people down. neil: senator paul is looking a tad too thin skinned. i can ask you tough questions, you don't get nasty with me. >> no, i don't, i know afterward you will fill my tumbler with bourbon. perhap wes need to go to the 70s and 80s where men were men and we can drink like sailors. neil: look at the time. she is a star, and i was able to see that years ago. well she's still a star. kennedy, thank you very much. don't forget to watch her tonight. dancing it up at an earth day celebration kennedy was behind him to the left. in about 90 seconds i'm going to tell you why you shouldn't really be celebrating?
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. neil: we have a fox biz alert. i'm not as much of a celebrity as i thought i was, i didn't qualify to get any of the early releases of the apple watche seems like everyone has them but me. i ordered one, i paid for one, i'll be waiting like everyone else for one, but there is beyonce running around in the little gold band number. whatever. talk to the hand, this is near the wrist whatever. to a celebrity feeling ripped off as well. joe we're not getting it done buddy. >> i did not get a watch either. i know they didn't pay for it either. i'm an apple guy. neil: as am i. imagine my offense. >> you know what i did mr. cavuto, i have insider study that is set to be published later this week.
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neil: you should. >> 96% of celebrities that received a free apple watch were 70% more likely to be late for appointments the reason is because they were playing with the new free watch. of the 238 female celebrities that live in beverly hills that d a free apple watch only four could tell time. [ laughter ] >> 98% of celebrities who responded to the survey admitted they don't know their own phone number. i would be one of those people. do you know brian williams got a watch, and you know he says he's in syria battling isis. [ laughter ] >> stop it! you had a good thing going. just a consumer just a consumer, and a lover of apple and its products that you feel slighted. that you feel like you did in high school, hey. >> a little bit. apple makes a billion dollars a b, a billion
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dollars a week. neil: you do. >> yeah, they make it in china. they don't bring the jobs. neil: that's a pass. tim cook could do earth day dances. >> for a billion dollars a week all of us should get free watches as a thank you. neil: what do you think of ceos who do this stuff, dance? >> i don't like that. neil: he's very good. to me the standard was set by steve ballmer. i like big guys you're a thin fit guy. i prefer guys like christie belly bopping. >> you like guys like christie dancing with jimmy fallon. neil: i will say, this stuff like that grates on you because quit throwing the social mine in my face or paling around with your rich hollywood buddies or doing special favors for them. >> or making the products overseas. neil: and acting like you're one of us hello? >> with the transpacific trade thing, the fiasco is opening up
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a free line of trade with china. bring the jobs to the inner cities. railing on the radio every morning. neil: apple could have made this all go away had a gone the a watch early. >> so just not to make you feel bad. i brought swag from the station, a coffee cup. neil: that's phenomenal. >> he could market to the eskimos. neil: an umbrella. yesterday it would have come in handy. >> i want to bring you swag. ben affleck received a new watch. maybe he can go on the internet and look up his genealogy like the rest of us. neil: what do you think of that? he wants to wipe out anything. >> it had nothing that had to do with him, he brought it out of proportion. you never say take it back you don't do it. so i think that he's a good guy. neil: a very good guy. >> social-minded guy, gives to
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charity a lot. neil: absolutely. who cares what your ancestor says, you didn't do it. >> my ancestors were killing people. >> stop it. 99% of all italians are hard working. in my family not one. neil: they're on fire. >> they're in the studio right now, actually. [ laughter ] >> joe piscopo, thank you very have much. >> we don't have watches. i have pens. neil: this is great stuff i thought it was food it's okay next season. meanwhile this week we have been highlighting the latest and coolest devices in tech. next something not so cool that is downright scary. when gadgets come back to kill.
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new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business
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. >> this is what i've been anticipating for a very, very long time, and finally it's happening. neil: all right, floyd mayweather telling jim gray that fans have wanted to see him fight manny pacquiao for a very long time. they're going to get the chance. the fear is this could be the last big thing in boxing it would be very, very hard to top. that to jeff flock on the fight that could end all fights. jeff is joining us from the uic pavilion in chicago. my goodness, jeff? >> reporter: oh, you talking to me? neil: yes, i am. >> reporter: you talking to me? neil: i'm not scared, jeff. >> reporter: rocky marciano. another good italian. premiere boxing champions. these are the guys that are
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hoping this is not the last big fight. antonio tarver former light heavyweight champion of the world what is the premiere boxing champion. >> new age in boxing it's a new era. a great platform to show all of our young legends, you know, these young stars and make them legends. >> reporter: what they're trying to do is develop young fighters and show it on a platform that is just incredible. mike malto is the executive producer of this. you're using new technology to show people a fight in a way they've never seen it before. >> our chief of technology anthony baileys that bought us so many things. this is a ref cam they can bring you a point of view in the fight. if a fighter is to go down you will see exactly what they're seeing. so these perspectives have never been seen in boxing before, and makes the enjoyment, the interaction off the charts.
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>> reporter: neil the object is to bring the sport back. when we were kids we knew who all the big boxers were. now not so much. this is going to go back on broadcast tv and cable tv, not pay-per-view. it opens the sport up to people who hadn't seen it before like we were kids. neil: good point you are waiting for the next big personality, that could be you not likely. >> welterweight? neil: sure sure that's my division too, the welterweight division, that's so weird you and i would be in the same weight class. i don't want you to work up too much of a sweat there because well, i just don't. thank you very much. i want to thank your colleagues there. good stuff. he's right, it's not what it was at all. here's something else that isn't really what it was at all. cities, states preparing for the worst possible events. well now that they are prepared, guess what?
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the guys they're preparing for they've outsmarted you. after this. 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. i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24. learn more by calling 844-824-2424. or visit your24info.com.
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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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>> >> danger. >> we're all is in danger sitting across the country is only technology but former white house says they're trying to outsmart the technologies he is on the phone right now we did not want to take chances with the evil spies. what is the problem? you are doing everything what did they forget to do? >> pretty much everything is packable the government the local police department and everything else but what they're doing wrong is
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buying the technology and not demanding the security that goes with it. they don't think it is great it is easy to use and maintain but it is also easy for hackers as well. >> what do they do now? they spend money to get them up to speed. >> they have to spend more money. they have to add features to protect identities that requires strong authentication to changing signs and street lights is just the tip of the iceberg. they need to put everything in place like using the of wife i of the identification is broadcast which now you can drive down the street to open your phone thoughts -- and you can see the stop
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sign out there. >> i was reading an article of a kid 14 years old he was a geek and the good dash breaking in to a cyberproof system and he really liked the challenge. so i think that is a nerd but somebody would pay top dollar for him to do that. >> correct. there are a lot of those available around the world doesn't have to be in the united states. we noticed in the late '80s as restart to automate the traffic signals that although the internet was not connected there was the ability to do a dial-up to attack the user id and turn them all green 11 kid did that he was arrested by the
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sheriff's department his response was i like to see accidence that's why i did it. >> and they have the wherewithal to do it. >> i am not here at the security conference and everybody is talking about the internet whether if it is the traffic signal or something we have with our device but everything has an address we have to enjoy the fruits without worrying about the hackers and people don't think about that. they just think it is cool technology spending thinking very much she calls from an undisclosed location. tamara the big money with the republican party it is a big issue for both parties starting right now with the clinton cash machine. we're told it could extend
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into the bush cash machine. what is the guy to do? we will ask him tomorrow. goodnight. jamie: a cowboy inherits a baron patch of prairie. >> it is not big enough. >> beneath the soil he finds prehistoric treasure. >> this is one of the most important discoveries of this century. >> this is a job -- will this cow poke's "strange inheritance" lead him to a boom or bust? >> lightning does not strike in the same place very often maybe never
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