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tv   Cavuto  FOX Business  April 29, 2015 8:00pm-9:01pm EDT

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yes that is it for us, tomorrow christian adams on race, and politics and politics of now. good night from new york. neil: hillary clinton's worse nightmare is look like yours too. this just in, recovery. economy barely growing at all in first quarter. that could be revised down, that could mean that economy could contract. for all we know it is continuing to contract. not good news are in hillary clinton who has been hoping that this economic asneak anemic recovery keeps pulls along. charlie gasparino and dave said they have reason to be worried. charlie this was their nightmare
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realized? >> we still have a long way to go to 2016, but one thing you learned from obama economy. based on the hillary clinton insiders they are david rubenstein various democracies who know, deal with the former first lady, they will tell you one thing she is worried about is the economy. we never had a decent recovery. usually even any type of recovery lasts about 7 years that will end in 2016, she wanted the economy off the table, i think and based on people i speak to they think she could handle e-mail gates and benghazi gates and clinton foundation questions, but one thing that does galvanize people, they don't have to read story three times is that economy is lousy walk into that -- >> but to be fair, a lot of people they look say sort of like a one quarter stunt show
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there were some anomalies in first quarter, but us take that worker strike out west, and cold weather that was a big part. i don't buy that weather thing but allowing for that, that is about a percent of this, i want to know what happened to the other 1.5%. but consensus is that things pick up in this quarter, do you buy that? >> i don't really buy that i think thing that is most core to know about obama administration almost always chosen to work against markets forces. what mark -- what the market forces build into an economy is resilience and dine am implement they can go wrong and you can hit big pot holes but they tend to then rash or rocket you back, a real spring back, like you saw when ronald reagan became president after 4 years
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of jimmy carter. i'm afraid is what happens when you -- the economy what you get -- a 2 term jimmy carter, and so we're left with is no spring back. and now you take a couple of hits to the broadside and i don't think we could take it. >> we had -- i think it will get better in second quarter i think there were seasonal factors, cold weather does impact. neil: we had cold weather in ronald reagan. >> and a strong dollar. neil: bee had weather under every president it killed fillmore. >> back then that was not even known as global cooling it was just cold weather or climate change back then this economy is so precarious. neil: what if the recovery talk about is so anemic, it is what it is, given its weak nature it
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has enough to soldier on, right --? >> you know, i think given the weak nature it is still a story. it still an issue i think that is the problem she has. listen, is janet yellen going on raise rates now? i don't think so not for a while probably not until 2016? who knows why would she do that? the other thing, if you have an anemic economy the economy is an issue. everyone that i spoke to thought, saying that hillary wanted this off the table that the economy was real picking up to end of last year, with decent job growth, then it hit a wall. this is proving that whenever we see a sort of indication it is getting better does not get better there are so many structural forces at play. you know, obamacare you name it those things keep -- >> are a hater. >> i am.
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neil: you never give the president's break. >> i like the president. neil: you hate him. >> i went to white house correspondents he was funny. neil: good. i am surprise they let you in. >> rome is burning but he is cracking jokes. neil: is there anyway you can see a environment where the economy turns or stops falling or stag nating? >> i think you sea stagnant. we have a tremendous engine of innovation, the stuff that comes out of silicon valley remains a power house it degrades a lot of things we measure traditionaly, we don't get gdp points for air bnb overnight stays. that is one more factor of those that charlie krielts charl cites this bit elness
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of the economy. >> the politics is interesting even in an anemic economy it keeps it on the table as issue. that does not play to her trudge. neil: thank you, guys, in the meantime forget the economy. bernie because, he is your second nightmare come thursday he will be your official democratic challenge or, bernie sanders is running for president unless you in media land dismiss him. you went on dismissed eugene mccarty who dared challenge johnson. we had bobby kennedy joining the race then it was a democratic free-for-all, that was then. to media watcher on media betting types change now have
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they? >> your premise is so flawed. >> tell me why. >> and i like you. >> you base it on premise you have an unpopular incumbent. i am not saying that president obama is popular but gallop today has him at 49%. and johnson was 35%. neil: fair enough. >> that is number one. neil: incumbant in party right now is hillary clinton. she carries the incompany incumbent baggage. >> and there is no robert kennedy in this case, no one that come off of the bench with a big name. or optimism that a robert kennedy candidacy can bring. neil: how do you know. >> how do i know? neil: later on?
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>> we would have already about them in 2015, in 1968 you could stay below radar a little bit. neil: would we have known in 72 that george mcgovern would have said what seemed like a sure bet -- my component circumstance mainstream media buys whatever the s shot is at the moment, at moment it is hillary's race to lose, at moment all other contenders do worse. >> you think that bernie sanders could hurt the run? neil: i think he could galvanize others to do so. if he polls well, others will jump in as they did. >> a different time now. neil: no doubt. we were not born. >> true -- you were 76, i was 78. neil: close you of. enough. >> i am 31 on facebook, amazing. neil: anything on-line. parts of what you say is that she has a double jeopardy moment
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here, economy that could be stag nating and a rumble on the left that could be you know -- >> left would love nothing more than not have hillary clinton in this race. they only back her because she gives them the best chance to win. more about voting again whoever the republican circumstance than supporting hillary clinton. they would love a warren to jump in. neil: and media would love to feed that. >> you don't want to see it, remember mike tyson in his prime, those fights were so bores, i paid $90 to knock out michael sphinxin a second it got so boring. neil: it was when mccarty appeared to do as well as we did that others were interested in joining the race. so my theory if someone does well enough to push hillary
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clinton further left, is that like same damage? haven't you driven the party to point of being unelectable to mainstream america? >> i'm not sure bernie sanders will be taken seriously he is a socialist. neil: he -- his rhetoric, you are right. elizabeth warren rhetoric has already driven hillary to left. >> back to game show part, bernie sanders is 73 years old he looks 91, if he is elected president he would be 95 years old. i follow these you were in 25-44-year-old demo. neil: riddle me this, batman, do you think that danger not so much in bernie sanders but movement he represents more akin to 4 years after 68, the movement that grew in democratic party that pushed george mcgovern front and center and
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drove the part to cas little bit mick defeat. >> you have right perspective but wrong candidate, i think warren could. neil: does warren join the race if bernie sanders does well? >> i don't think she ever joins the race. neil: really. >> i think she made a a -- with if i can't win it is not worth my time. it is expensive and time consuming, she seems so, i know a lot of candidates say i'm not running, with her i believe it. neil: do you think there is historic well -- a danger with her party that goes to their extreme. ever coming out and surviving that move to the extreme? >> would hillary clinton have to move to the extreme if bernie sanders ran. neil: she is. >> to the left? >> absolutely. >> i would argue.
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neil: well pacifying rebels in her party and keep mainstream happy. >> then again whoever the republican candidate is has to go to the right to win in places like iowa. neil: don't throw facts at me. >> just saying, if they move out, move to center, and then american ewell rat expects -- electorate expects it. neil: joe with his last appearance here at fox. >> it was fun. neil: you always disagree with me. have you heard apple is sitting on 200 billion of cash, 200 billion, you are not getting any of it neither are apple shareholders, blame sam uncle cam. >> and floyd mayweather said he is the best boxer ever. george foreman wants him to say that to his face. the champ is here.
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neil: you go, pro, gopro shares rocketing after they posted sales that were surprisingly good, so good, some analysts believe that the stock could double over the next year. really? larry glazer said, we might be getting ahead of ourselves we do this a lot with high-flying tech names? >> that is right. we need to make the dis-- to be fair. they are tough to justify. extreme by traditional measures, questionable earnings and questionable future prospect. compare to old technology names intel, microsoft. we look at that, we see today that investor have been driven to the moi -- high growth
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economies. we crowd into a handful of ideas we hope for future. >> all right. but the difference with gopro, i could put a goproo my dog's head and follow the images around the yard, that is a promising technology. do we get too heavy? do we start assigning values to a nifty camera maker. then valuing it short of ibm. to make the point does it justify the multiples 1234. >> we talk about know no vague. to many gopro is a kodak that you stick on top of your head. neil: or your dog's head, or your doing's -- doug's had. >> we're rich, they will never make a profit, 75 to 80% never
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make a profit unless they get taken over. with gopro take a discipline approach. you can't flowyou throw out traditional valuations metrics maybe this company has gotten lucky apple is sniffing at their doorstep, if apple is in this, they could give away the products. this is easy to get in, gopro was category killer, they were first mover they should get an a for innovation in entrepreneurialism, that is what we're seeing. neil: apple has carbs close to 200 billion dollars of cash, but most of that is stock piled overseas, it is not coming home, lizzy mcdonald said that is because the taxes are high here
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even if they want to bring it home hence the conundrum. >> this is bigger than russia's stock market, bigger than cash reserves this germany has apple could by uber, tesla and spacex and still have 50 billion to spare, this is the cheapest stimulus. a cheapist stimulus program of all it get cash companies overseas brought back home. neil: looking at that money. and how much they they can't bring home. would it have affected their dividend. it is because of that cash abroad they can't get their hands on, they pay for it in other ways. >> it has. apple has $40 billion in debt on balance sheet now funding dividend. and 200 billion capital return. i tell you look at tax regime,
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in the united states, you compare it to ireland a back water agricultural economy now a silicon valley of europe, why? because they reformed the tax rates bark is astonish -- >> what is astonishing to me the fastball that is -- by fax players, and obama administration corporate tax revenue that government pulls in has steady 2.4% for last 40 years, what i am saying that,. neil: what? >> 2.4% is corporate tax revenue that federal government pulls in vis-a-vis gdp for the last 40 years, the same raise the it is not tax evasion, it is because of bad government policies and government spending that is the fastball. that is in play. i think on american taxpayer for so long, we're running a 17 trillion dollar government what
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about 200 billion in waste there there. and vacant federal buildings. neil: you praise ireland again you have yet to say anything nice about italy. >> that is right. neil: all right. >> the next show. neil: all right now apple is holding cash out of country republicans trying to spend more cash in the country the way they are doing it i find most obnoxious, wait until you hear what they are up to or not up to.
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neil: are republicans losing their budget soul. bob corker signing on to a budget deal in in case afternoon saying he was against a budget deal.
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difference with me, not sticks to my diet i would hurt myself, republicans not sticking to a fiscal diet hurts the country. nows same folks who said to be serious about sleighing the -- slaying the spending beast. without cutting anything else at all. amazing part is that a party that came to power built on spirit of tea party movement has so far moved away from that movement refusing to stick to the sequester cuts they agreed to. and imaginary cuts they cannot agree to, a sham and a shame. i am telling you republican, if you keep this up it will make
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them history. ketch en you say -- kevin you say the plan is embarrassing. >> it is, conservatives coming out we need to cut spending because of this and this. we'll have real consequences they are not doing any real things to address it, they are playing games and move money here and move here. i hate that is how our government works don't you hate that. it is founded on not being the party that does that and shaming the other party for doing it, now they are doing it. it is embarrassing. neil: they all got along by en of today we read the same choir book. we'll get it done, but for this bumpy start. like making that commitment, but one thing to lose weight. >> as someone who had to stick to a diet where she does not eat cashcarbohydrates it takes
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discipline. neil: i find diets like that not worth it. >> it is frustrating they play these games american people if you increase debt, american people want to make sure there are real cuts that happen in exchange for it. this budget to balance within 10 years. neil: there is no way right? >> they say things will happen, we always know is they will increase spinning now for promises of cuts later. there is one good thing that comes out of the budget, if everything holds there will be a bill that repiles obamacare -- that lands on president's desk. >> i wonder what obama would do with obamacare. >> he will. but we have to continue to make it a point. neil: that is the point why they seeded on other points that obamacare push that in his face,
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get him to reject it, you know. i know that but it misses budget opportunity. >> then everything is symbolic, that is symbolic and the cuts are symbolic. where is the real actual reform that is making a real different? or are they not interested. neil: i don't think they are. >> you know -- tea party patriots support pen plane with a 1% cut each year. neil: i like that. not draconian but you think you were throwing grandma over the cliff. >> ads like that came out from time to time. neil: that was harvey corpsman i am con-- harvey korman i am convinced of it. thank you very much. >> it is one thing to protest
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police because you say they are targeting you. a small business guy with a simple question for a lot of those protesters -- why me?
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neil: all right nearly 2 dozen businesses out of business in baltimore. no indication that any of them will be back any time soon. take it from a sympathetic ferguson missouri business owner who faced same mess, been there and still waiting for it to come back. it has been a long road coming back. you dealt with this first hand. tell me what you went through. >> well, it is against the nightmare. since baltimore started same thing what we went through in ferguson. i own dell wood market we had those lootings 3 times since august 10, still tried to recoup, and yesterday, there was some demonstrations, and across the my store there was mobile
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gas station was you know looted. and two days ago there was front of -- a shooting, it is never ending nightmare i am going through now. neil: i was surprised in your case it happened 3 times. you think after first time, people would say maybe we should park a vehicle outside of the store. or other stores this area they seem to be prone to getting hit but they don't do that? >> well, i mean, not this time, not yesterday. it was mobile gas station. you go i don't know what is going to happen today or tomorrow it all very uncertain and tense situations. neil:s first time your store was hit, and rampaged, a lot of it was on video. did authorities say next night or next time we're going to really aggressively watch this store, make sure it does not happen, what happened? >> no, there was no security or
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police or national guard or nothing, first time it was august 10. then august 17, and last time november 27. which we thought that governor promised there would be national guard, and there was nobody nearby. so it was ransacked total since 11 in evening to 6 in afternooning they came again and again expoo ieks in theafternoon-- 6ed in the morning they came again and again my frustration is no body of learned a lesson, the leadership of african-american should speak up like martin luther king used to do looting destroying the neighborhood does not help, if you want to change community get education, they don't have value of life, there is so much shooting and same thing with police department. you know, they have not learned their lesson either, they had -- we see against this mistakes has been done. i don't know, i mean, what is
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the solution for this? neil: i like at you and other business owners and now in baltimore, whether these kids protest, they are just kids. whether they think of long-term impact of that businesses maybe like your own just don't set up shop ever again. in a region they know it could happen in they are out of jobs and opportunity. they are out period. >> that is what is going on. you see they said they wanted a change, it is not all of the small teenager kids there have been grown people, we had some in video. they don't think about when you destroy the businesses and neighborhood like on -- all auto part stores all of these you know retail businesses, burned down, and gone. now, if that i want to buy anything, there is nothing nearby they don't think long-term, what group of people take advantage now let's get
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some free booze that is what they are after. this you know hit retail stores and take cigarettes and whatever they can get. neil: the cause is not so dear as much as cash and goties, my best to you, thank you. >> thank you my heart goes to this small businesses in baltimore, they are going to the same nightmare which we went through here. and i hope itens soon. neil: -- it ends soon. neil: as do i thank you very much. >> elsewhere, floyd mayweather said he is the greatest boxer of all-time, any weight, any division, i suspect he has not talked to george because i suspect george just might disagree. or women who are nursing, pregnant, or may become pregnant. tell your doctor all medicines you take.
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neil: here is how big floyd mayweather and manny pacquiao fight is, the guy who is not getting the big money still
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walks home with $100 million. no wonder manny pacquiao is not loews anything sleep no wonder mayweather keeps calling himself the best boxer that ever lived. but, does the money make the champ or change all that money? if you count inflation adjustment fights purses and dollars, you cannot leave out george foreman multiple heavyweight champion of the world. all-time mega-money sport legend. what is more. george has now made more money post fighting than he did when he was fighting, which is why all of the other fighters hate him. george good to have you. >> glad to be with you. neil: all right first offo this fight who wins? >> i think i give fight turn dog
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-- i give the fight to the underdog he has something to believe in, he has to be tricky, boxing was invented art of self-defense, i think manny pacquiao can win 6 rounds, one even and rest to mayweather in latter round. neil: really? >> you have to take it from him decisively. who is champion this time though. neil: all right the argument is they are in late 30s they are too old. >> the right time, your muscles are developed you have your appetite right no for slow horses and fast bem, you can get rest at night this is the best time. neil: you might go for slow women. >> no. neil: i understand it is a family show. >> blah, blah, blah.
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>> i am thinking of purse in this, 100 million and 200 million. when it is that much money. you were dealing with big money. does it make you fight as hard. >> you would think you would not, once that bell rings, i am going home after a loss 5 million dollar more than i thought existed. but with a loss it hurts you it hurts, it never stops hurting you. neil: just for showing up. >> you have to fight. you wish you could go in say i'll just take the money, but it hurts if you lose, mayweather would suffer badly you can't face yourself, oh, i got the money, you don't even want to go to the bank, and let the people see you. neil: has it been overly hyped all of the rooms are sold out in
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vegas, and selling seats for $twoforfor 250thousand. >> that is the way the world is now with social media and the instant you know that. it is big. if it happened 5 years previous to this it would not be that big. i am glad it big like that. it could only happen right now. neil: i had mayweather on this show not long ago first thing this struck me, she is not a big guy -- he is not a big guy that is where it hit me, where are super big heavyweight champs, i could take out mayweather -- actually that is not true but she not here. >> this fight so big tells you how hungry, for a heavyweight. neil: but where are they? >> theys disappeared we're trying to dig one up, it is a
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hard thing we were in a good place at once with -- muhammad ali, and joe frazier and george foreman. neil: we have too many wacky divisions. >> you can blame a lot of things but there are just not hungry fighters, they are going out and playing stuff like basketball and football. they will come back, with 180 million made by manny pacquiao and mayweather, the big guys will come out of the bushes. neil: my predict, i don't know mayweather or manny pacquiao very well. i know in past, these guys lose their money you did not you built on it, i think larry holmes did as well but this is rare. you went into the grill thing thousand on-line. >> you have to keep earning, you can't go to bed say i got $100
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million and expect to wake up day with a hundred million. neil: did you feel an obligation, you are very generous with handlers and friends. >> you got to be. neil: and a preacher, i would -- i keeps it all where do you draw the line to keep track of your money? so you don't lose it. >> you know, you just don't draw the line but tell yourself, i must keep earning. you just can't live on what i had last year, keep earning as long as you earn you can beever be -- generous, 1 you stop earning you -- >> your kids and grand kids say pay dirt time, we've seen revenues on foreman grill now have you on-line butcher shop. >> yeah. best meat in world grass fed cows meat will be served all over the nation with no steroid
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or antibiotics and all thing that make us sick. piece of meat you can trust and chicken. neil: is st more ex expensive. >> no we're going out and beat everything. neil: customers? >> no, a price of rib-eye steak if it is there we'll have the best play of or for meat -- flavor for meat, if someone is selling for $2, we will beat that price. neil: that is cool, how do you decide what to put your name behind your name is golden, one bad product can be tarnished. >> people ask you all-time, how much do you invest? your name, that is all you have, you put your name on something it better work. i get 3 strikessure are -- you ar out. neil: could you make a grill
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that goes the other way to the fat returns to the meat. >> don't do that. neil: nice in person as he is on the air. he said hello to everyone, i don't admire that quality but many too. george thank you. >> thank you. >> when ipad go bad and flights get canceled. even technology has its limits. the real question that needs to be asked is "what is it that we can do
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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: tesla's next big thing tomorrow elan musk will be unveiling a new battery.
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some benefited -- benefits would be longer lasting batteries. >> this is a cutting edge company. they are all about supplying things for early adapters, could be key to providing renewable energy to more people's homes. to store energy on a rainy day or one without much wind they can use that renewable energy source and not worry about their house shutting down. neil: not a generate or? >> it sounds like if is a battery that stores energy. i think you need something to generate the energy, this would be a reapplication of a similar battery for the tesla car. neil: i love the car i love the look my fear is you get one it stalls out because you are out of a charge. will this, be part of that?
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that finally argument against buying those types of cars disappears. >> this is battery made in giga factory he created. i feel he has done a great job of setting benchmark and goal, he said 200 miles on a single charge was key to market. he exceeded that with tesla s i believe 265 miles on a single charge. neil: do you love seeing them stalled out on a highway. >> you know, issue is car still too expensive for guys like me $80,000 before tax break. that is too much. neil: they don't need tax breaks. >> not yet, but hopefully it will reach a larger audience. neil: your flight is delayed because your pilot's ipad acted up, dozens of american airline flights delayed because of a glitch on the ipad? >> this was antic total -- dense en
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of ipad glitching out a aircraft control sim disrupting dozens of flights that no one wants,. neil: ipad blanksed out and pilots -- >> they have to carry 35 pounds of april to operate the plane ipad were a way to get rid of that weight, and also, that weight is causing a lot of injuries for pilot. neil: do you think it was a one time glitch? >> i hope they test them before the air. you hope they can fix it before the problem is more prominent. but, it was introduced to solve a problem. neil: it would be cool if it was in a tesla vehicle. do you think it is eye good thing that federal reserve did not raise rates today.
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neil: first quarter gdp news apparently sealed it would you raise interest rates? not likely, fed pushing off a rate hike today. not surprising. but talk they might push off any rate hike this year, not surprising either. except to -- who said that fed some should be aing rates and the sooner the bester. >> i think it is time to reformallize get to policies that work, fed had zero rate for so long now that in itself causes some distortion. you know we're not talking about a big move. it and i think big news today you are right was gdp numbers they were weak, but this u.s. is not rule out a move in summer sometimes september the way to look at it at-this-point. but,. neil: do you think that could still happen? this fixingation can keeping rates
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to vero will change. >> zero will change? >> i do. already lower than it would be based on past history this does not change it that much. neil: i have a devil of a time figuring out what they mean in the statements, i will trust finer minds like yours, but you think that 2% inflation -- is unrealistic itself in. >> yeah, you know, i think is happening now we have gotten used to this near zero for so long, people are worried about moving off it. i think they have to realize there are dangers of continuing with it too far. a gradual steady strategic move back, to where i think they should be, is really the most sensible thing to do. and i think that is the inflation situation is quite consistent with that. >> but what if the underlying
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inflation is not close to justify, that you would prop up a rate that does not justify the real ep flag environment. >> i think that inflation rate is maybe not 2%, but if is not way off. and just because it is a little bit below 2 does not mean you hold rate at zero. we had inflation rates below 2 in the past, you don't hit rate to zero. with that rate, little bit below two, expekic and the economy weak, it will continue weak that is no reason to keep the rate at zero, it is still lower than it would be if you wanted to be neutral. you are still getting stimulus out of it, there are disadvantages for keeping it at zero for so long, that transition is an issue. neil: you could be creating a bubble. >> right. >> thank you john fail taylor.
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