tv Cavuto FOX Business May 6, 2015 8:00pm-9:01pm EDT
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all we ask. thanks for with being with us. here tomorrow, billion real estate. >> you know, the republicans have a lot of folks running for president of the united states. but only one is a woman and that woman is here. welcome everybody, of course it is patronizing to just call carly a woman and dubly so to call her a long shot regardless of her sex because she has no political experience, but what she has is business sense and her critics are combing through her years to make hay over that experience. that is fair game for liberals of course who always seem to hate business guys. but from this business guide? take a look at. >> you get fired for not doing a good job you then go to
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california and spend a lot of your money you lose in a landslide and now you say okay. i'm prepared to run for president. it doesn't work that way. >> but she does have business experience whether she's a shareholder. >> but it's not positive business experience. she got fired. >> that went well. here now to respond from the fire inside the republican consent, carly herself. what do you think donald said. >> well, you know, donald is entitled to say whatever he wants to say. but, look, i'll stack my business experience up against his and lots of other peoples because, yeah, i was fired in a boardroom where i've been very up front about that, ever since the moment it happened. but in business, there are real results and the results are clear. we took a company in the worst technology recession in 25 years from 44 billion to almost 90 billion -- well, a lot of that was built on contact right. >> yeah. that's why we do
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deals. we take the growth rate from 2 foster 99%. it's hard to grow a 90 billion dollar at 9%. we went from falling behind in every product category and every market segment to leading in every product category and every market segment and, in fact, some of our number one competitors when i arrived just don't exist anymore because they didn't make the decisions necessary to achieve leadership over -- >> but looking back on that, i don't know if it's under a high-tech bridge, do you regret that. >> no. >> knowing that so many others my graded to high-tech services. >> no. absolutely the right move for the business. >> just disband it essentially. >> no. it's a very huge company splitting into two companies both of which are far stronger because of the assets and the products and the people that we acquired
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from compact computer . >> do you think that experience, the business experience people forget people who were some of the most uninfluential women's in the world a rising star rockstar back then, do you ever get annoyed that people are looking back at that and completely redoing history because to the critics they lose sight of some of the things that you did bring to the table and it's as if the media's pouncing on the fact that that business experience resulted in 30,000 layoffs, to say nothing about the jobs around the world that were as a result. >> well, this is politics. and when people ask me the difference between politics and business what i say is politics all too frequently a fact free zone . >> you work to drive in that zone. >> well, you know, voters are sick of it too. they understand that facts matter. that results matter. the track record matters, and i think one of the reasons
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that voters feel so disconnected from the professional political class and what's going on in washington d.c. is they don't see anybody held accountable for anything. they say people give fancy speeches, but they don't see results, they don't see people challenge the status quo, they don't see people change things for the better. our government
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mind. >> with the exception of a businessperson, had a delve of a time, fast food having a delve of time, mitt romney had a delve of a time, how can you say any better. >> well, i've been in iowa, north carolina new hampshire a lot, i've been talking about these issues for almost a decade, and i can tell you that people are very much willing to listen if there is a deep sense of disquiet in this country people think we are losing something important and they think -- >> what makes you think you're the one to fix that. >> because i think people look at me and say she's fixed things before. i think i talk in language that people understand, most people have common sense. they're tired of the sound bites. they're tired of the anger -- you know, the arguing and nothing ever getting done, and most especially of all they're tired of people who stand up and talk, whether it's donald trump or hilary clinton and actually don't do
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many of the things that they say they're going to do. and i have a track record of doing what i say i'm going to do. >> people trying to make a big deal as a ceo, and you had a very clever response, because it was in a controversy with hilary clinton what did she do and you say you're focusing the title. >> yeah. >> and what i think they were getting to the better point is whether business people in general can ever get beyond that image that that just satisfy with the bottom line that asked about the 30,000 issue had acted sooner, that they're going to always vilify whatever you say. so how do you put in context layoffs and restructuring because mitt romney failed to do this to say the greater good was achieved. >> you have to tell that story. you have to say "yes" in the middle of the biggest technology in 20 years tough
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decisions had to be made, and it's the worst decision a ceo could make. on the other hand people know from living their own lives that sometimes if you don't make a tough call when it's required even worse calls have to get made later on. and you have to tell the story of all the jobs that were created. the company that went from falling behind to leading. the companies that disappeared off the landscape totally because they didn't make any of those -- >> well, do you remember history, do you remember the time that this happened around 9/11 and there was a bust. >> well, the technology recession in 25 years . >> absolutely but i think the context is lost in this. i had one liberal tell me, oh, i see carly as this cycle republican token woman. >> well, how sexist is that? >> michelle served that roll, it goes back to the round some
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years back, does that bother you? >> i've never been a token in my life. but i started as a secretary. so i'm quite used to being under estimated, and it are many people who may under estimate me in this race, but i don't think a voter is going to under estimate me, because i know what it feels like. some of these ought to go talk to the people in iowa or the people in south carolina or new hampshire, as i have, and they ought to see what i see and hear what i hear. >> who is funding it right now? i know you have a good deal of money, but you're not in that top tier, and depending on the poll you're not on a tier, you make a very compelling case very funny very gregarious, and it surprises a lot of folks but i'm wondering how that connects with getting people -- i say i'm going to give me money. >> i'm not funding this
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campaign, we have donors funding this campaign . >> millions? >> by the way, frank and carly are worth a whole lot less than bill and hilary clinton. >> you need at least 10 million to make a credible run, you need 20 million to be there, do you think that? >> i don't have any concern about our ability to raise the money necessary to go the long haul. there are certain people who are going to have more. hilary clinton is going to be more . >> between 10 million and 20 million is that what you need? >> i have no concern . >> you're not going to tell me how much you have. >> i have no concern to see tog the long haul . >> so if you stumble in new hampshire. >> wow you're such a downer today . >> you should get ready for the next katie interview, do you think it would be hard if you started out poorly. >> look, our strategy here is
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to go the distance, and what that means is we have to perform every day. we have to exceed expectations every day. of course people's expectations of me are low. i'm not a professional politician. i don't have years of donor networks built up. people didn't know who i was in january when i gave my first big speech in iowa, but people are coming to know who i am. and people are willing to learn who i am because they feel that the professional political class for a long time hasn't really given them the solutions they're looking for. it's in part why i wrote this book so that people would know who i was not just the nice parts, but all of who i am because i think people want to know who their leaders are and what they believe and what they've been through and why they think what had think. >> all right. i'm going to continue with carly another book is writing to the taliban, she does, that's the kind of stuff that gets out, a lot more right after this
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>> all right. carly is a very compelling character, i know everyone does to her point focus on polls where they are. i interviewed bill clinton when he was a governor and running an uphill battle against the guy named george bush senior who was unbeatable, and they say kneel, you've got this arkansas dude who wants to be president, and everyone laughs. so i know there's media about dismissing polls and welcome back this notion that because you're newt to the political scene, what could be seen as strength in some people's eyes in foreign policy might be seen as a detriment, in other words, you might be so new to this crazy world, in your book though, you do talk a bit by it like maggie. that i get sense from you. you write we must be clear eyed about the nature we face,
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we must acknowledge that a nuclear weapon to do anything to get it, china response to cyber terrorism that america has suffered a series of cyber attacks. so you have a very clear eye view of the elves of the world. how would you enforce your concerns? because the rap against this president is not. >> well, first let me say i know more world leaders than anyone else running with the possible exception of hilary clinton. i didn't do photo opens with them. i sat across the table from putin, talking charity in some cases, i've done business in china. . >> what do you think of him? >> a bad dude. he's also highly intelligent very well educated, and he lusts after power he's power hungry and getting a very good
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job of gathering power . >> so you being a maggie form of don't under estimate me because i'm a woman. >> people who run across me do not under estimate me for long. but having been in all of these parts of the world having advised the charity advisory board at the cia having advised several of estate the secretary of homeland security, these issues are not the of distraction of me. i learned what i know about how to deal with advisories by dealing with them, and one of the things we have is so much you understand our control and obama will share with the american people, he's always present the american people with the false choice. if you don't agree with me, we have to march off the war. certainly not true. there are things we have to do for putin. conduct military exercises religion in the baltic
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states,. >> but you're open to -- >> you're open to climate change; right? this puts you in the eyes of many conservatives. >> what i say is this. the scientists tell us that global warming, like that climate change is real and man made. >> not all of them. >> the scientists tell us something else. a single nation acting alone can make no difference at all. so why is it that liberals are investing through their policies through regulation in destroying peoples lives livelihoods and their jobs at the alter of their ideology -- but scientists don't agree with that ideology. >> so now we take out of the realm of scientists and say let's tie ourselves up in knots, let's shoot ourselves in the head and foot, let's destroy communities and farmland in california, let's -- >> would us that climate change is real because that's going to come up in iowa or
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any other event and carly i think so those who doubt climate change are crazy. >> well, that isn't what i said. i said we need to read the fine print. if liberals ask to believe them with, then what i say is read the fine print. not a single one of these regulations that the president obama administration has rolled out is going to make a bit of difference ever. except in the peoples lives and jobs -- >> but everyone is not doing it,. >> no. the answer to this is never regulation. the answer to this is as i've said to you in previous shows is innovation. we need to be the global energy powerhouse of the 21st industry. we need to roll back all of the regulations that the epa has pushed forward in the last several years based on california. california's single biggest industry is being destroyed as we speak agricultural by environmental regulations just like they pushed out every other industry from the state of california. the answer to this is
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innovation. and the answer as well is to be truthful to the american people and say there is no silver bullet here. there is no perfect energy source. liberals love windmills. the only trouble is they don't tell you windmills is killing millions of birds every year, they don't want you to know that. that's just fish in the delta is so important but it's okay to build a high speed train. this is about ideology for liberals, it is not about science. my point is that let's not argue about them with the science, let's show the fine print of the science. >> fair enough. finally your tech mind and read on what some say is a new tech bubble forming. do you think that -- >> well, i think there's spaces in the tech industry. i think it's not quite the situation leading up to 2001, because if you remember we had so many things artificially technical industry, y2k what
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a bust that was. >> we have what we have right now is a lot of for all in the application space do i think the stock market is over due for the correction, yes. >> i'm talking about a meltdown. >> i think the melt down comes if it comes not because of froth and technology, if it comes when people actual understand that we are on an unsustainable path in terms of our debts and deficits that we are not a growing economy that this is not a recovery, that we have major structuring issues in this economy, you will of which we can fix and under our control, we just need a new leader in the white house and a new set of policies featherweight has donald trump invited you on the apprentice, would you come >> oh, he did many years ago and i declined. i said it had nothing to do
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with real business, and i stand by that. >> oh, so this goes back a ways. carly, very, very good seeing you. we will have a lot more after this. including a new tax if you try to withdrawal money from your bank account. where it's happening and why it's not impossible for it to happen here. when cigarette cravings hit, all i can think about is getting relief. nicorette mini starts to relieve sudden cravings fast. anytime. anywhere. i never know when i'll need relief. that's nicorette mini.
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>> it's -- if the big banks keep calling the shots, they will own both our economy and our democracy. >> well, senator liz doubling down on the banks just as sanders is looking to break up banks. but staples cofounder says without the banks we would never have been able to get staples up and running or so many other companies. but as fashionable as you know tom and to say that they're still too big and too
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he will have -- evil i always look at these guys and say you could have done the same as freddie may that as it may,oire big day in question still a problem. what do you think of that? >> well, i think -- i don't think big banks are a problem. frankly big banks are so over run by regulators, and now washington seems fit to apply the same crazy regulations not just to big banks but to small regional bankers, used to have one regional office, now they have nine, and it's a incredible way to the america's productivity . >> i always wonder, if bank of america were on the brink, do you think we would still rescue it? >> well, -- >> i'm not saying you're for or against it -- >> no. i think the reality now is -- the new plan would be it would have this living
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will and dissolve itself in an ordinarily fashion and sensitized for a very negative scenario so my guess is they've spent tens of thousands of man-hours on this, so i don't really know -- but i just know that this regulation in general and in particular, bringing america to its knees. . >> so when you hear elizabeth warren saying we didn't go far enough, there are conserves saying too big to pail, so that still exists, so maybe there's a point. where they craw the line is that the idea is that regulation is the answer, it's going to prevent any future troubles. what do you think? >> i think we have too many rules and way too many regulators implementing those rules and in many cases and the cases of these big banks they've got dozens of
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regulators all around the world crawling with different standards and approaches and i -- you know, listen to dan guiltberg of quick and loans and the snare where he had 55 bad loans out of millions and try to extract the fine from him just because it's the fashionable thing to do, it's flat out wrong and bad regulation and bad government. >> hilary clinton seems to supporter that get tough approach. if she became president what do you think it would be like? >> well, i -- not that i'm a huge hilary fan but i think she is more business seventh than many other people in washington thanks should be reasonable toward business, which are has been horrible. >> tom good stuff. always good seeing you. thank you very, very much. >> thanks for having me . >> you know, whatever we're talking about, a lot of people still do not trust banks or
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the government. but we think we could build that trust back, so much so, we have a special hour devoted to just that trust this friday 8:00 p.m. on fox business. so you might want to set your dvr for that because trust me be with you will not want to miss it. and worried about the president raising taxes well, now safes are jumping on the ban wagon too, and i hate to break it to you but republicans are too.
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>> all right. what is a we can do term for the word run? grease is now taxing atm withdrawals to stop a run on banks. scott martin says after seeing this greece should take their money and go anywhere else. what do you think of this, scott, what they're trying to do here. obviously the idea is to make it so hard to take your money you don't. >> right. and yet they want you to trust them by putting
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the money with the banks there. that's what's crazy trust us, but if you try to take your money, we're going to charge you. and if you're a bank, your lifeblood is deposits, and then it's members or, say customers of your bank that wanted to do transactions with you, via lending mortgages things like that. and if the bank doesn't allow you to do those things or you don't have the confidence to it with them, guess what? that puts your bank at risk. >> you know, i'm wondering though people might figure, well, better to be taxed on some money than be stuck with me w no money and it's actually prompts are run because it looks like a desperation move. >> it definitely does. and i think greece is in a very difficult spot. not only because they have this deposit problem where customers are pulling out deposits at rates that we have not seen since the greek euro
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crisis began but to think of all the problems that have gone on in greece, we've seen deposits fly out faster than ever, but the other issue the banks have is the greek government the greek state owes the money as well. so while the euro zone, the eu is demanding that these banks have certain level of capacity just as we have as a post financial crisis in the united states they're waiting for money from their own government the greeks are and that's because the greeks don't have it . >> do you think greece is going to go corrupt? in other words, they leave the union, they're on their own their argentina and in a no manning land, but to argentina's credit, they got back to civilization, it's going to be something like that; right? >> right. do you know how argentina did that in one shape or form was they floated their occurrence, and they got destroyed; right? argentinian occurrence got destroyed but right now the greeks are still
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playing games in the uro, so they need to before a become one of my favorite occurrences of all time, which is the dr drokma and do it so bad so that greece can get out of the crisis. >> you're too young to remember but i admire your respect of history. >> i'm able to read about them at least . >> you are and i appreciate that. thank you very much. >> thank you . >> and the tax push from here while democrats are putting tax high, a number of republicans are considering heights to have budget in their own states. katie says that would be a huge mistake. so katie you look at this ask say bad move. why. >> well, the first reason it's a bad move it's a bad move politically. these governors are not going to see a good outcome when it comes to voters next time around if they're up for another term. that's the first problem. the second problem is why is
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it that governors or police politicians here in washington d.c. the first you hear about spending, we're not cutting about waste before we ask taxpayers to cough up more money. when you don't allocate taxpayer funds properly, we still have them because the money is not being spent in the right way. so we need to look at why the money is going in isn't covering basic necessity settees like roads and bridging. >> well, david what do you think of that. >> well, if money was coming in at record numbers, you would have deficits in kansas amounting to 279 million dollars or in wisconsin with scott walker there overseeing a deficit of 2.$2 billion. and the reason you see these governors looking at taxes again is because of what they
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did in the first place didn't work. they promised corporate tax cuts that there would be plenty of jobs and look where they are now. with budget deficits and no jobs. in fact, brown back in kansas will have to let go of people in the state government because you can't afford it because of the tax corporate tax daughter's is given. so i think it's a wake-up call to america and in particular those red state governors that tax can you tell us -- cuts isn't the end-all be all. >> here's what i want to clarify with you if they do you understand out how much the states are spending on the roads and bridging, and there is need for more money to address it, would you be open to them raising any other fund because they have properly accounted for that. >> i think it depends on looking at each state individually to see who is paying the taxes, is there a minority of the people in the
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state who are paying the majority of the taxes on the federal level? does everyone have the skin in the game or are they only going to raise taxes on a few people who are already raising enough. and, you know, texas doesn't have a deficit and the reason they don't is because they have a booming economy with jobs. >> well, it's not as booming. >> when you have more people working, you have more tax revenue coming in. >> what do you think of that? >> if i can -- >> david. >> it goes to your question goes -- excuse me what they're looking as a solution now. and why you gave away corporate tax breaks to corporations now that you have budget deficits, you're looking at a gas tax a consumption tax which only puts the burden on the middle class, on this trying to secure their economic future. >> right. >> the point being that just get rid of the corporate tax breaks that started these budget deficits in the first place. >> well, that's not
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accurate -- guys, i want to thank you. both very, very much. meanwhile with an election major complications not just because of david cameron but what some are calling the world's next ronald reagan andactf find out who that could be 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. 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.
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>> right now british prime minister david cameron future looks pretty rocky but about to become the global rockstar. now, i know what you're thinking, he's nowhere in this election mix but relative small upstart could begin to play a spoiler and set up what many say would be a ronald reagan in 19 76 moment that sets up something even bigger a few years down the road as it for ronald reagan. could he be a contender?
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first of all, the economy doing better than gallery he's in this pickle, that he doesn't survive it. what do you think. >> well, it's a various observation of yours to see that nigel is, in fact, the wild card in a wild election. and that's the reason why -- although the economy is doing better than a lot of the economies, even better than most of the european economies, the fact is that what is hitting people most in britain and annoying them are two other factors. one is immigration, which is swamping the company and over strange social security and health and everything else like this, and the other is that the two big parties similar to the united states appear to be completely out of contact with the ordinary person. and that is what the daily express had a whole page took out endorsing saying it is the only party that is in touch with ordinary people .
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>> so what happens, i know the election is still very close but emerging as much as ronald reagan did a role later. >> a fascinating question. but effectively a conservative party, although it does poll from people in the labor party on the basis from 3-1 . >> but what's the appeal, is it topped on illegal immigrants or getting britain back to its great roots or what's striving it. >> well, first of all, wants to get out of the european union, which was save a lot of money in this neoserve i can't tell place which is if it has elections, secondly it was completely balanced immigration. in other words, only person can only come in if one person
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leaves. noncriminal terry but balanced. and thirdly wants to to make sure that the end user for things like national health it doesn't just better feed the bureaucrats, and this is appealing to people, and even drawing staunch conservatives out of the party. and what nigel may be doing is holding the balance of power as you say and most people would think that he would side with the conservative. i personally think that he would actually sade side with labor, which sounds strange because it would be a minority party, which would only support labor on the budget and boost confidence. everything else would be up for negotiation and giving time for the conservatives to fracture get rid of cameron and therefore have a new conservative party run by boris johnson the mayor of
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london. >> i don't think so. >> a highly pro euclid . >> very interesting. i forget you're so good at history. thank you great author. >> thank you . >> thank you very, very much. >> thank you . >> in the meantime self driving cars, well, your fear is going to get a lot bigger. until, inhibition creeps in our world gets smaller quieter, but life should be loud. sing loud, play loud, love loud. dentures shouldn't keep you quiet, life should be ringing in your ears. live loud, polident.
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>> all right. well, self driving cars are one thing but what about self driving tractor-trailers? what could go wrong? well they're coming to a highway near you and soon let's say i am staying clear. but tech analyst says it maybe safer than humans driving them. i don't know. this is really upping the any
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to the size, the dangers to me. >> yeah. it's definitely scary, but the chances that that truck is going to turn into the terminator is probably less than the driver. >> that's exactly what happened. >> exactly. so the chances that -- >> now you're going. >> exactly. so the driver falling asleep is a much more likely snare so you have to choose between those two alternatives. it's not all or nothing. >> so you have a problem with this? >> i have a problem from kicking a truck driver from the truck. i think there should be someone there. but i do not have a problem to have a system help me out while i'm driving . >> do you think that we're going too far with this sort of technology? first i saw a car parallel park and all that, fine, but it will actually drive for you too. technology sometimes screws something up i'm not saying to the degree of a human factor, but it's like the self piloting plane.
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don't you want the pilot. >> you absolutely do, but you know what? planes these days are 95 percent of the time are on autopilot when they're cruising. so the fact -- >> kneel armstrong landed that module even when the module was saying we could land here and it was a boulder. >> neil have a g great human being, but if he was driving the trucks, i would have no problem, but people like me driving -- >> all right. on this other issue, tech -- the new smart press scans your items as you throw them away to create a digital grocery list, what do you make of this? >> now this is an example when technology has gone a little too far. putting a sensor on everything, including your
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garbage can might give you some marginal information, but i don't know by you, but i kind of know what i ate already . >> where would this be valuable? >> it's basically a bar code scanner that goes on your trashcan. so basically when you throw stuff out it tracks what you ate. and, oh, that saves you the intelligence of creating a grocery list because you know what you ate . >> but what if it's like me and i to leave no trace. >> exactly what about take out, veggies steak. it's pretty much useless -- >> it's like the plate we were featuring yesterday it tells you how many calories. >> yeah. or the refrigerator that locks automatically. >> bad news. not coming to my house. >> i think that's different from what we were just talking about. self driving cars can save lives. >> very good. there's a reason we keep calling you back. you're good at this.
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thank you very, very much. >> thank you . >> and thomas booted from the new york knicks for sexual harassment and why the heck is he back at the game in the women's pro team excellent looking below the surface, researching a hunch... and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere.
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>> well, after getting the blooper for the nba of over sexual harassment charges former basketball star isaiah thomas is now going to lead the nicks as its president. i think it was a terrible business decision. it's surprisingly to put it mildly but what do you think they're thinking? >> it's disgusting. would you do that if you're that's correct of the company you're bringing back somebody who totally disrespected women, you went to trial you lose to the number of 11.6
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million, not that a million would be a little bit 11.6 million dollars, you guys get fined all went to court and had to deal with this, and now you bring him back in the capacity of managing? >> spitting in other folks face; right? >> it seems like the owner and ceo and every other letter you have in running a company of madison square gardens, he gets to do whatever he wants. he's friendly with isaiah, which is great there's nothing wrong with that -- >> not relate to at that he's not a great basketball star. >> but maybe not a great executive . >> so you think the team. >> yeah, imagine if you're on the team, you're working for the wmba liberator team, how do you feel about this guy who totally did i say repented . >> ends where they're coming from. >> i didn't hear that so what does end? that he totally disrespected
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these women and then it came out today that the owner doesn't agree with the verdict. we know that, but he gave them 11.6 million dollars when he told them you were wrong. . >> so that's to pick someone else. >> 100% . >> okay. >> and his knowledge of basketball, how good was it? he was with the nicks and he was horrendous, so what do you bring him in for? . >> michael jordan could run the nicks and they would still lose. >> they are friendly, very friendly. >> i hear it. you know this better than i do people's no. but let's go to another subject breaking today, and that is that the nfl has concluded -- those balls really were deflated, and deliberately so.
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. >> what would the nfl to tom kraft has said that if we're exonerated, the owner of the patriots has said i want an apology,. >> it sounded like a wimpley kind of official read, yeah, they were probably deliberately deflated, behalf b do you think a punishment should be suited out. >> definitely a punishment will be done, so, again this just came out since all this stuff -- >> yeah, nontax status. >> nontax the stats. exactly right. so what is he going to believe of? tom brady should be fine, not just the orientation, tom brady, and maybe a couple of games. . >> i love your enthusiasm, thank you very much.
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and larry always indulges my i idiotic questions but something i do know about trust, trusting the government, and the institutions, what happened? a special show on this at 8:00 p.m. u for joining us. announcer: 100,000 creepy crawlers. >> spiders that will cover your whole face. announcer: all collected from the far reaches of the world. talk about a bug's life. >> old is he wanted to buy the collection. announcer: there is a bigger story behind this request. >> that was a bigger eye-opening experience than the film. ♪ ♪ ♪♪ ♪ of.
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