that's another scientific poll. wait until tomorrow. thanks for being with us. good night from new york. have a great evening.. neil: all right, this sounds like my party when. four of six invited guests decline coming, let's say it's probably not the food. welcome, everybody i'm neil cavuto. and for the white house, a serious case of etiquette egg on its face. scrambling to explain an rsvp summit plummet leaders from four of the six persian gulf nations invited sent regrets and coming up with the most creative of reasons. saudi arabia's foreign minister says his boss can't make it because thursday is bowling night -- kidding thursday's white house meeting coincides with humanitarian cease-fire in yemen. never mind president obama planned to carve out a special

one-on-one meeting with the saudi prince and the persian gulf summit could be off, too. word is many are opting out because they're not too keen on a president getting a little too cozy with iran. many figure the better part was to politely decline. former senator scott brown says there is nothing polite what's going on here. a lot of the guys are ticked and sharing facetime with the president many feel abandoned them in fight against iran. it doesn't help matters any and goes beyond the pale, accepting the invite. >> i would come to your invite. neil: worst moments in high school and college when i would invite people and wait. what do you think happens? >> kuwait is going to come. they're going to do whatever they can. obviously, that is appropriate. clearly, there is a problem. they don't like the iran deal. they don't trust what's happening with iran and the united states. president and hillary clinton as obvious issecretary of state

has been offending our allies and emboldening our enemies. that's reflected by not attending. neil: the idea of this was he was going to explain his overages to iran, explain why the deal, if it ever comes to pass, makes good sense for not only world peace but the region and stability. virtually to a man they say that's ridiculous. >> what about israel? israel wasn't invited. they are obviously intimately involved with what's happening over there. i said andd that dealing with iran, you don't trust them. i don't trust them apparently secretary kerry does and the president does and hillary clinton does. members of the u.s. senate and congress don't, we don't know what the deal is. neil: is that poor form that there are things you don't do because it looks bad? so to not go and send emissaries instead. >> they're sending a message. they could go, they would go on -- neil: you think this is a

deliberate attempt to go beyond? >> i absolutely do. i think they want to draw a line in the sand. if you know what's happening over, there the united states isn't being involved in a lot of the foreign policy decision. look what happened when germany took over and merkel was drawing the line with ukraine and putin. there's a lot of things that the united states as a result of not being there as leaders, others are coming into the fold and taking that role and pushed to being second fiddle. and i believe and we said this before, we are a world leader. neil: there are many libertarians in the party who are keen you on when you first ran for and shocked the world and took teddy kennedy's seat, who say we've got to extract ourselves from this stuff let them fight their battles in their region. what do you say to that? >> look what happened in iraq? we left that void and criminal elements and terrorist elements came in. when we are not there, and some capacity and a leadership form, we have others that will take that --

neil: you know what i noticed, senator i notice whether we are there or not, nuts come up? >> of course there are nuts. i'd rather have a nut when you are pushing back and keeping them there and letting them stay and push them and keeping them active there than to come to our allies and terrorize and kill them. neil: what do you make of rand paul's argument, he was making a slap at john mccain. >> going at it. neil: right. and then more or less saying, john mccain and others were keen on arming assad's enemies and insurgents. whatever you want to call them. that would have been helping isis in retrospect. >> i believe that's the case. in beginning had, we done it in the beginning who we knew who assad's enemies really were which we did the people in that country didn't like him and wanted to overthrow him. that would have been different. it's morphed into we don't know who the heck's over there.

i don't disagree later in the game. we were calling for intervention when they killed 10,000 of theirs. what are they now? 250,000? foreign policy is huge. that void that the president and hillary clinton have left where they've ostracized us and embolden our enemies and i believe and others believe it started in syria when they drew the red line and the president did nothing. you see what's happening with a lot of our allies putin in ukraine and crimea everyone is waiting, and i think what's happening with the saudi royal family is that they are kind of waiting and see what's going to happen. if we're going to marry up with iran, and we're going to actually give them the street credthat they really don't deserve. what's going to happen when the saudis and the kuwaitis and the others --. neil: who is the toughest of the bunch, of the 700 people now running for president? who would be the best at foreign policy?

>> i like marco right now. neil: really? marco rubio. >> on foreign policy, and lindsey graham knows foreign policy stuff. neil: he's calling for boots on the ground. >> a lot of people have called for boots on the ground, depends where and under what circumstances and jeb bush recognizes that his brother made the right decision. i agree with him. neil: you didn't mention rand paul. >> i like rand a lot. he's a dear friend and he supported me. i think, however he needs to explain his foreign policy position for us to just step back. if he wants us to step back and let others do our battles for us why are we in japan and germany and korea? neil: what about chris christie? >> chris is good. i'm not sure what foreign policy experience is and look forward to hearing about it. neil: do you ever want to jump into the race as a running mate? >> no, i'm going let them have all the fun. bring them through in new hampshire. neil: you would be a good bridge running mate. >> very kind, thank you. time to go.

neil: isn't that funny? outnumbered you can't leave. >> thank you very much. neil: forget, it rand focus on north korea to the senator's point. it is taking a key step in the weapons program. submarine missiles doesn't take much to nuclear activate them. you know the drill. captain chuck does, too. he's worried wonders why the administration is not. what's going on here captain, they have the capability or they just giving us the impression they have the capability? >> well we don't know. but at this point i think what we do sudden that they are on a consistent march, if they can get money from the iranians to develop things, they'll share that technology with the iranians and violate weapons protocols and agreements and sell it to the highest bidder. so they have started with a nuclear program and a missile program.

they've developed both in conjunction with each other, and now they're putting them on submarines, and submarines could get closer to the coast, and you have a whole different scenario when it comes to emt or any other attack, it becomes very, very real. neil: last time they did the threat and saber-rattling very close to this type of technology. they extracted concessionses or sanctions would be relieved. that dates back to the bush and the clinton administrations. i feel through various parties they play us like a fiddle. how do we play this? >> one of the things we should be doing is look back on the 1994 agreement with north koreans that president clinton negotiated. and he said that's where we're going to bring this pariah nation into the community of nations and they're going to stop and we'll have verifiable inspections and all. that none of that happened. and here we are again, and what we're hearing this president say sounds eerily similar and

very, very naive as did president clinton's statement. neil: wasn't much better with president bush, right? >> no. neil: we had a long track record with a country that has been lying to us for a long time. >> exactly. neil: and the hope to get relief from us as a bargaining chip what do we do? >> the same thing goes all the way back, administration after administration, all the way back to president carter. neil: don't get me started on milliard fillmore. what do we do now? obviously this nut has got a lot of technology we hoped and prayed he didn't, it appears he does, or is close to it. is it already too late? >> it may already be too late as far as the nuclear weapons part goes. they detonated low neeld events that the intelligence community said what if they weren't failures? what if they weren't low yield

but designed to deal specifically with emt, a very, very serious thing here that congress voted to fix on our power grid but never appropriated money to do. what do we do to answer your question directly? first and foremost don't make it worse by signing up for a deal with the iranians that's going to turn out like the one with north koreans. we've got to have muscle behind. this if we release the tourniquet before we issue the tissue damage we got blood all over. neil: captain appreciate it always good seeing you captain nash. >> you bet neil. neil: maybe next year it is not the economy stupid, it is staying alive stupid, keeping us safe stupid. who is going to do a better job on foreign policy, stupid? to mercedes schlapp and david asman on the ever widening field of gop candidates. what do you think? >> reminds me of 1980 when iran was in the center of foreign

policy concerns. we had a situation where they had taken over an embassy had all of our hostages there. thankfully we don't have the same situation but iran is at the center of the country. the bottom line is saudi arabia one of our closest allies in the middle east is a closer ally of israel than the united states. it's bizarre! that was part of what was bizarre about what was happening in 1980 and made the electorate say we need a change, and i think some of that might go on in the next election year. neil: who in that cast of characters, mercedes, stands out? the argument is for somebody strong on defense who typically you hear from scott brown and other that's not a rand paul might not be a governor for example who has limited experience in that regard. i don't know if that pans out. what do you think of that and who seems to have that edge? >> sure, there are several candidates strong on the foreign policy angle. senator marco rubio is one of

the stronger once just because he's been on the senate foreign relations committee, and eloquently explains his position when it comes to the foreign policy perspectives with. that said, you're seeing governor walker going off to israel and what he calls it an educational tour. and then governor jeb bush, i think we're going to see obviously he has a very strong foreign policy adviser on his team. he understands the complexities as well. again beside having someone with depth of foreign policy the other point here is execution. who is the one that can have the leadership and can actually make the necessary changes in foreign policy. >> can i be counterintuitive? jimmy carter -- you knew jimmy carter, didn't you? neil: a little. >> he was recognized as a genius. everybody thought he was a genius, going to solve all the problems economic and foreign policy. ronald reagan was thought of as a kind of a -- what did they

call him a fumbling idiot. neil: a cowboy. >> he ended up winning the cold war. sometimes the so-called experts like hillary clinton and jimmy carter who know the foreign policy field actually execute to use her words -- >> that's right. neil: i'm wondering if that is something that might favor dark horse in the race who are not appreciating. could it be the governor from wisconsin or i don't know how chris christie will do. does it have to be a senator? >> i don't think it has to be a senator at all. i think, you know, going david's point, we saw ronald reagan who was a governor being able to go after and fight off and win the cold war. i think that senator rubio tried to make that point that the governors, can they lead that first day? i have to tell you, you look at a governor jeb bush or governor scott walker even carly fiorina. what you are looking for is character.

leadership qualities. people who can make a decision people who actually understand the concept between good and evil. >> i thought we were talking about politics and politicians. neil: you make the point whether it hurts you in this government to be a governor rather than a senator on what evidence? >> the american people because of the foreign policy disasters are realizing they need somebody who has the real life experience who can stand up to a leader who is obviously lying and saying you're lying, i don't buy it. we haven't had a straight talker like that in a long time. neil: you're a hater. >> i'm a lover. i love you. neil: look at time. guys thank you very much. at least they're looking better in china. market is storming back once investors heard the market is cutting interest rates. what they ignored is why china is cutting interest rates. on the other side of the world in a world of hurt.

ling apart you better talk to this guy who says it wasn't all it was cracked up to be, years ago. china is rolling out third interest rate cut since november, among auto sales tumbling, electronic sales are tumbling and chinese electronic sales which makes you wonder. gordon chang says really it never was. at least it was a sham. best-selling author joining me now. i get worried hearing what you said years ago which makes me think they're a lot worse than they are saying now? >> yes, and we can say this because they've been defending their currency, and they've been doing it in ways that they are not in public view. not using open market operations they're doing lending facilities that we don't know about.

and people have gone back, for instance, from december and totaled up the amount of money that they spent defending the remem bee, and it was 56 to $106 billion in march. neil: why are they concerned? that starts getting out of whack all of a sudden, their trade goes kaboom. >> if people understood how much they are spending to defend the currency you will see more money out of country. we are seeing unprecedented capital outflow that is a bad sign. they cannot explain this away, and we've been seeing foreign exchange reserves drop. seeing the very large estimates of capital outflow perhaps $50 billion a month maybe more recently. this is a bad sign. neil: all right, this was a great society getting rich minting the middle class millions a day and the same middle class i guess, according to the figures they're not buying cars not buying homes, they're not

buying much of anything. how does that worry us? why does it become an issue for us? >> becomes an issue for american companies stlachlt looked at the china company and made assumptions about consumption increasing at double digit rates. when you go behind the retail sales numbers that beijing issues, 12.0% increase in the first quarter that's not real. we look at corporate results and surveys. the best indicator of consumption are imports and imports in april fell 16.2%. this is important because it shows stagnant demand. neil: all right, you obviously want to keep folks at home happy, you don'there was one company that gave all their workers a trip to france and all, that i guess that's a big goal. i'm wondering i think, are they desperate? is the government desperate now? >> i think the chinese central government is starting to get

desperate. the slowdown such sharper than is advertised. they've been deceived by some of the happy talk out of the national bureau of statistics and didn't realize how bad it is. now when we're starting to see employment numbers come out as well as imports and exports tumbling, construction starts were off 18.4% in the first quarter. neil: what if they need money and take money out of u.s. the notes and bonds that they own, is that likely or no? >> selling treasuries from july 2011, so they've been reducing holdings of u.s. treasuries but hasn't affected us. but the market for that is wide and deep and everybody -- neil: someone else comes to the board. >> someone else comes to the board and buys. neil: gordon chang he was way ahead of us before anyone. meanwhile, minimum wage protesters beware, when higher wage upsets unions pushing lower wage jobs you got to wonder what the motivation

could be? maybe maybe it's a sign of what could be next for you. the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make healthier happen. optum. healthier is here.

it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions,

including an industry leading broadband network, and cloud and hosting services - all with dedicated responsive support. with centurylink as your trusted technology partner you're free to focus on growing your business. centurylink. your link to what's next. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere... or not. but you know the difference. e*trade's bar code scanner. shorten the distance between intuition and action. e*trade opportunity is everywhere.

. >> what do we want? when do we want it? now. neil: do as we say not as we do, unions sure are good at goading others to strike for higher wages. when it comes to saving their own union hineies they are perfectly happy not saving all union hineies. the united autoworkers pushing lower pay for new union workers as long as it means union jobs. in other words and pay attention to this because it is the ultimate in hypocrisy. the very two tiered pay structure unions hated in other workplaces like i don't know fast food places, they are perfectly willing to accept for themselves again as long as it is not existing union members feeling that lower pay pinch but the new members coming in.

wait, you are probably saying wasn't that the same argument that fast food employers were make against an across-the-board wage hike, that high school workers are just part-time workers shouldn't get the same 15 bucks that someone else does, that there ought to be a two tiered taste. unions are parasites that only fight for higher wages when it helps the bottom line. so don't give me any middle ground, how do you feel? [ laughter ]. >> well neil this is straight out of pages of animal farm. all the animals are equal except some like the unions are equal than more the rest. and you summed it up, the unions are proposing entry level, low wage, low skilled jobs. the wages are below the wages they've been protesting for essentially the same reason mcdonald's wants, the ability to start, learn the craft and move up. exactly the same reasons for mcdonald's wants it.

one of the big differences however is mcdonald's moves their people up managers corporate executives. i don't think the union has that kind of track record at all. neil: you hear from united auto worker guys those are the service sector guys the fact of the matter is union pitches are pretty much the same. get everybody signed up for higher wage force it on employers who have to acknowledge the higher paying workforce but when their own blood is on the line they're open to the very things the managers they scoff at at these restaurants, are open to and want to try as a middle ground. >> neil that's why, when i think of unions as parasights. they talk a lot about wanting to help member and wanting to help members earn more money. they're about getting more dues paying members for the unions. that's why you've seen them branch out into unorthodox industries from walmart to

college football students wanting to get more dues paying members. when you think about a lot of the industries that were unionized over the last couple of decades, airlines, the steel makers, auto workers and education, you can see what the long-term ramifications of union member has done. >> i just wonder whether any of those protesters who were dragged on the streets risking their jobs to get the higher pay and they thought the unions had their backs, whether they're paying attention to, this it's a story that surprise surprise jonathan, is not covered in the mainstream media blatant hypocrisy and double standard. what do you think? >> neil, it's not unlike the cadillac plants they were so for obamacare, when they found the cadillac plants were going to be taxed they weren't so for it. unions not just trying to compete for better wages but as you pointed out using coercion using government force whether it's the nlrb the national labor relations board or any

form of government to push through getting the new members scheme if they want. neil: jonathan, good seeing you again. >> thank you you as well. neil: evangelicals and one jeb bush, no chance in hell? why that could be changing and all of the religious candidates might want to start praying. 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.

. >> what should be easy calls in favor of religious freedom have instead become an aggressive stance against it. somebody here is being small minded and intolerant, and it sure isn't the nuns, ministers and lay men and women who ask only to live and practice their faith. neil: jeb bush making his case to evangelicals and quite a few applause in the process. with religious candidates like ted cruz, mike huckabee in the race. can he appeal to the religious crowd? nick forbes says absolutely, and that speech might have been a start, what do you think?

>> well he can appeal to a certain sector of the evangelical voters. let's thing about this hispanics that are here legally, you've got to realize the majority of catholic. who can better speak the narrative? who can better tell them about his message and the platform other than a jeb bush. neil: marco rubio. >> they are too and speak spanish as well. neil: is that an edge? because george bush spoke spanish. >> very much so. neil: not great but certainly better than mine, but it was enough. >> very much so. and a lot of people are saying hillary is pandering to get the hispanic vote. yes, that's true. what she is doing, which might not be legal but number two what she's doing is appealing to people who are not registered to vote. >> the evangelicals is a whole other deal.

if you can appeal to a crowd that will not try you out he locks all the other candidates into their own little battles. >> i think a lot of people don't know jeb bush. state of flooredans jeb bush, a lot of people don't know jeb, but a lot of people have labeled him because of common core and immigration, but a lot of people don't know what jeb bush is about. this gives him a platform to say what he's about. to make an appeal for that. when we think evangelical. we think mike huckabee, santorum we don't think jeb bush. we don't think ted cruz, ted cruz announced his running at liberty university. neil: that's right. >> with a purpose to say i'm ted cruz i'm not only a libertarian kind of guys guess what else i am? neil: how important is that vote? they didn't vote for barack obama you are the one who said they need to vote.

>> i don't think they could connect with mitt romney that was mitt romney as a whole's problem was connectibility. so i think that this gives jeb bush kind of a chance to explain this narrative, and we are forgetting that the -- the hispanic vote which mainly if you look at the majority are catholics and that's a social conservative platform, who better to appeal to them than someone like a jeb bush even a rubio more so jeb bush. neil: who's going to win the gop nomination? >> i have told you, this our party is so fractured, neil. neil: i'm well aware of that. who wins? >> it's going to take a two-for-one. it's going to take two people to win the ticket in my opinion. neil: you want to share who the names are? >> you can look at all sorts of combinations. neil: i want to ask you. >> you can look at --

>> the vice presidential are. >> bush huckabee you could look at rubio-huckabee. neil: you have huckabee on both the tickets. >> he to me brings the authentic evangelical vote with him. neil: picking off the general voter in the election. >> you need to pair him with someone else. that's my opinion. you're going to have 18 million people tweeting you saying she's wrong or right. neil: you have a pretty good track record young lady. noelle nikpour. the left is planning to take it to the bank since 2016. this while hillary clinton is planning to take a ton from the banks to win 2016. get ready for what could be a very nasty war on the left. how nasty? because this bank thing emerged as the central issue for the likes of bernie sanders and elizabeth warren who tech nally isn't in the race but who could very well be because of this.

>> yeah no doubt about it. this is going to be very difficult for hillary clinton because both bernie sanders and elizabeth warren are very clear about what they want as far as financial and wall street and hillary clinton on some issues we haven't heard where she stands, more money in social security, is she going to raise taxes. sanders and warren, and i don't think warren is in the race but she's going to be a major player. neil: really? >> i don't think so. i think she's going to have more impact on the sidelines. >> i agree, and here's why you're the expert they tell you about, and i play one on tv. she might be more tempted if bernie sanders starts to fall well. this isn't going to fall to him or omaly hillary appears to be imploding. >> i don't think it's out of question that warren won't get in. she can raise a ton of money. loved by the left. and if she sees a weakness in

hillary clinton, if her poll numbers go down dramatically they have to go down dramatically, yes, warren. sanders can't beat clinton in all likelihood. warren potentially could. neil: if he beat her up enough that the temp saw in the race. >> senator bernie sanders is in the debates. he's going to challenge here. neil: he's very good. he's fast on his feet. it could be interesting. >> absolutely. neil: do you think that this issue, past the democratic primaries and the convention there is that old thought that the democrats run back to the middle republicans try to do that from the right, and the same thing, and whatever party fights are bygones are bygones people won't remember this or they do, and liberals either sit this one out feeling she's a disappointment. what do you say? >> i think overall, there's noise in the primary and, of course,

she's a favorite to win the primary. we don't know what's going to happen. she's the favorite. i think you're going to see the normal script. she goes back to the middle. we didn't see romney do that. i think that's part of the reason he lost in 2012. he court the right but didn't have much immigration policy whatsoever and that hurt him. i think that watch what they say in the primary, it will be a lot different for the general. neil: they always tape what they say and it haunts them. we will watch, thank you. >> thank you. neil: oil prices are rising now, could they be crashing later? you are saying this is great if that happens. i'm here to tell you, not so fast.

. neil: next time you pump your gashgs you might want to pump your fists. opec is saying oil will continue trading under 100 bucks a barrel it's been that way for a long long time. when it's at 60, it's great hello.

if it never gets back to that, what does that mean? if it's substantially lower, what does that mean? phil flynn says bad news for us, good news for the greenies, where the heck are you? >> we are in beautiful naples, florida. i had to check the oil rigs in the gulf. neil: understood thank you, continue. >> somebody had to do that. when you talk about oil, listen, low prices, we're in the new era of low prices and opec is right, we're not going to see prices spike up maybe to $100 for many, many years to come, and it is changing the energy mix because of the shale revolution it's rewriting energy history. this is not your father's energy market anymore a new era of lower prices, and both producers have to come to grips with the new world. neil: so now, we have a situation where if it stays under 100 for the foreseeable future, well under that now,

why is that interpreted for a big deal? >> big deal for u.s. producers, they have to find a level of equilibrium. a lot of the new jobs are created in the energy industry. where prices are low, we're not going to compete with the other producers and opec for example the lower priced producers. green energy that made a lot of inroads over the last couple of years are going to have a very difficult time because low prices don't bode well for the new technologies coming online. so in a way, this opec price war, when they raised oil and shale production they may have set back the green energy for decades. neil: for gas prices, what do you think that means? people look at it and say this can't be anything but good news for us? >> great news if you are driving. low era of gasoline prices i said it before. i think gasoline prices are going up. today neil prices are a dollar lower than a year ago.

everybody is saying oil prices are going up gas prices going up. are we going to see $5 a gallon? we're not. because of the shale revolution, we're producing more gasoline than we have. and believe it or not our demand is the strongest it has been. the demand growth is there. prices stay low. neil: you have a lot of work to do in special assignment in naples, florida. next time take the umbrella drink out of the shot. >> next time. neil: he knows his stuff so well. uber just failed a massive valuation. why that could mean the whole tech sector needs reevaluation? when a moment spontaneously turns romantic why pause to take a pill? and why stop what you're doing to find a bathroom?

with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. why pause the moment? ask your doctor about cialis for daily use. for a free 30-tablet trial go to cialis.com

. neil: all right, uber worth 50 billion i love saying, that 50 billion bucks. what the tech is going on? to jo ling kent how money is piling in for a host of high-tech names for the time being, they got to tell you jo ling seem a little eye popping and out of range. >> yeah, $50 billion is the equivalent of target corporation. you think it is a lot of money and it is. you have the old companies and new companies worth the same amount of money. they're called unicorns they're private companies worth more than a billion dollars and right now in silicon valley, there is 14 of them. neil: i know this much, young lady, there is no much thinga a unicorn. >> exactly. especially when there are so many. neil: here's where you and i briefly touched on it on the break. i don't know how it can be leveraged off and a whole host of issues but come o50 billion

dollars, 20 billion linkedin. sound business models and great potential for making money and linkedin's case it's not happening. i can see the potential but can't understand the valuations. >> uber is just not there yet, but what so many venture capitalists believe in is the fact it has a infrastructure to do a lot. we're talking about a company that wants to prevent you from owning a car to use their service which means they have to use a lot of drivers or own lots of cars. getting into the delivery service messaging all of these things including more concierge-type services for a generation that will do everything on this and everything is on demand. neil: they are primarily young users and young people are open to booking a car, god forbid you should hail a cab. >> heaven forbid you raise your arm. [ laughter ] >> yeah you were saying a

similar argument in the past for amazon.com generates enormous reserves but maybe to jeff bezos' credit, builds the company bigger and bigger and yet to make serious money. is that the model that others hope to follow amazon takes a lot of time. amazon has a 230, $240 price. >> or the facebook model which is to make money at the million dollar point and explode and become a utility. neil: or explode into nothingness? . >> probably. other than the big companies uber has a growing customer base. one of the biggest challenges is their ceo who has been very volatile, very talented guy, but he also has had bumps along the road in terms of dealing with the customer base making sure people feel safe in their cars. if he's able to get through that smoothly you will see the valuation continue to grow. neil: you get a sense from $50 billion out that it has a

frothy feel to it. >> no doubt. neil: enough isolated cases that you can say yeah but in the agsait gate now? >> that's true. this morning roger mcnamee a legendary investor said he thinks he can get uber for cheaper once it goes public and will continue to spike but there will be one perhaps deflation of the price, so to speak. so there's a lot of different schools of thought about uber right now but everyone seems to agree the model and what they're actually doing is pretty remarkable. it's just how they maintain their value and stay strong for the investor putting in money. neil: and the short time they've done that. 12 months at $50 billion. >> incredible. neil: jo ling thank you very much. in the meantime from what the tech to what the task, do you think this can be turned into, well, to this? a california drought that has

investors well, thirsting for something else?

neil: the golden state not in a golden environment when it comes to water the drought continues california officials getting a tad more drastic they suggestion using recycled water. he draws the line when it crosses any sanitary areas. >> to me, if you are thinking about recycling waste water and sewage water, that is not safe, not sanitary, i am concerned about ingestion of dangerous life threatening bacteria, that 1 consumed can sauce life threaten -- 1 once consumed. neil: i am sure they thought of this. or have they? this is supposed to be not for drinking water right away, you

fear it could get there. >> think about it would you want to use recycled waste water and sewage water to mix your baby's formula. neil: my bartender does. >> disgusting. this is repulsive to me. if you use the purification system they have for rainwater and storm water, that is one thing. but using it for household consumption, not. right now it is only used for irrigation of golf courses and farmlands this is not safe for drinking. neil: how do they reuse it on golf courses. >> there is a sal nation program that is -- desalination program that is used, that is toxic to the environment chemicals that are used are harmful to our eco systems. neil: using ocean water. >> a combination of rainwater ocean water and reused water. neil: the state has to do this.

>> when this killed 2 million people a year, there are better ways to conserve water and combat the drought one of the best ways is water management. neil: they are doing that. my hats off to governor brown in the beginning he was getting everyone on honor code to do this now they are arresting millionaires outside their home that is nice. but, i will say you really have to come down like a ton of bricks, you say you can do a lot with that. >> just think about it average american uses about 100 gallons of water a day. that -- neil: is that right? >> that is absurd. neil: quickly you save. >> in africa average person uses 5 gallons quick ways to save, instead of long hot bubble baths take a quick shower, fix leaky faucets don't wash your car every weekend basic steps we need to take to preserve our our

youthure -- future. neil: i think that kids are the biggest reason, i can not get anyone in my family to take a shower. >> some cities show you don't need to take a shower of day. neil: do not give my kids any ideas. >> at the end of the day it is a health risk. neil: you say they -- first exhaust mandatory restrictions. >> put fines on folks that are not following guidelines, if we conserve and use our water sources wise lethal have a big impact. >> you really -- thank you. we love california. stay well. we do not want you to get tie diarrhea, we'll see you tomorrow.

>> a sailor who was with jfk aboard pit 109 the young man's mother begins a correspondents with the future president. >> i was shocked when i saw what the letters detailed. >> the letters were tucked away for years. >> they could be worth a lot of money. >> this is a treasure that surfaces that nobody knew existed. >> a treasure, if they could prove they are real. >> the signatured looked authentic. jamie: they looked authentic? >> a real jfk signature. >> will bidders open their