tv Bulls and Bears FOX Business June 14, 2015 2:00am-2:31am EDT
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reefer madness. >> security is important but sometimes fewer laws less policeing make life better. that's our show. thanks for watching. it keeps happening. more people with ties to isis popping up in america. just this week another suspect arrested in that boston beheading plot. as a virginia teen pleads guilty for helping and spreading isis propaganda on social media. all on the heels of the fbi warning. loss no way to monitor encrypted messages from isis on social media. >> here they are.
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our are social media companies doing enough? >> no one is better than social media companies and broadly speaking tech companies figuring out what we know and what we're going to do. they populate my calendar with where i'm going next week. they're, like you know this person? the government took a lot of data dumps when they -- they don't know how to put these things together. they just have some teenagers that kind of don't like america and are posting stuff. i bet if you put google to the job, they could find who is a potential terrorist in just a few days of going through the data and the connections. we have to listen to people. they put all the talent because that's where the money is. they don't work at the cia. they work at google and facebook where are they work at twitter.
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>> isn't there business to make money? google or facebook or whatever is supposed to just allocate you know a couple of hundred people to doing the government's work somehow all without pay, all without contributing to the bottom line but the other thing is it actually would be almost impossible to do. let me give you an example. facebook has every day one billion, b, billion messages a day. even if someone wrote the most sophisticated algarhythm out there that caught 99.9% of the terrorists, they would. as jonah said had they would identify all the terrorists. also one million people a day as false positive. who is going to go through this date? yeah we have the terrorists, and you other million people. when i was on the black list for the tsa and they didn't let any gary smiths in the country on the plane without all sorts of documentation. that's the thing you would go
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through. >> facebook shut down some flights and they thought that they had sold artifacts that were stolen. are these companies really doing what they're supposed to be doing? >> i agree. they could be doing a lot manager. these are companies that know that you are pregnant before you even know it. if you look at how companies have stepped up when our country has been threatened in the past world war ii for example, this is an opportunity for them to do that again. i'm a little taken aback by the fbi satisfying that there's nothing that can be done to look at these encrypted messages. that's not the type of message we should be having from the government. that is their number one responsibility. clearly, the places that know how to designate through this information in the best way possible that's in corporate america. that's these technology companies. they're doing it already to sell their goods. they should hem us protect them.
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>> what do you think about that? >> i think they could do more. yes. i got a death threat a few months ago. i don't think it was serious. i reported it to twitter to see what would happen. they sent me an e-mail back saying this was outside their policy. i sent them another e-mail. they said if you feel threatened report it. i sent another one and said i am reporting it. i don't think they're doing very much at all. i don't think it's their responsibility either. i think it is the government's responsibility. i'm not sure the government can do it. it's a moot point. i agree with you. it is bad. this software that encrypts the deep web, the government involved it so it can't get into it. the government cannot break this encryption. we have a dilemma here and i think people other than the social media companies who are in this world to make money. >> we can't go to the moon.
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>> i think they have a moral obligation to find isis on-line. the fact is that isis has proven to be incredibly adept at recruiting individuals from over 100 different nations through propaganda and using the visual platforms as a way to get these messages across and even reaching this young 17-year-old from northern virginia. however, this is the government's role. this is government's role to stop isis.
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>> that is a fundamental difference and skill set, and one is going to again, stick to phone data and come with up with questionable -- you wonder about false positives. that's where you have the government going through data. people work in the tech industry i don't get a lot of false positive ads. there are billions of people doing searches every day, and they're getting good data thrown at them, and they're buying stuff. that's how the business works. i think this is where the skills are. i don't know how we innocentive innocentivize them. they're making that and getting the currency so terrorist advisory a way for move money around. they should go in the other
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direction and ban cash possibly. >> gary go ahead. >> point number one is jonas is not allowed to talk about electronic currency. we're moving off of that topic. >> number two is yeah someone mentioned maybe the moral authority. look i don't -- i am a big subscriber to the greed is good camp but i think behind the scenes these companies are probably doing a lot more than we give them credit for. what i have a problem with is when the government comes in and then this case -- have you all the smart people, you need to do this. that throws the whole capitalism model out the window. now it becomes a government mandate of what they should and shouldn't do. let's go with that moral authority, and let's let the companies themselves raise their
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hands. >> it has gone to silicon valley. let's move that to keep us safe. this is not a new thing. this is exactly how we won world war ii and this is exactly how we can beat isis at their own game. >> john. >> i don't agree with that moral authority. >> what happens when you start dealing with the rising spring? what happens when you deal with governments being overthrown? people that revere nelson mandela, which i'm one of believe he was a freedom fighter. the people that put him on robins island believe he is a terrorist. you look at companies now, and they have to start dictating what is moral and what is not. i think that is a slippery slope. we don't need to play. i think that's why the
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government should put -- this is what jonas is talking about. let some drop-out kid in a garage figure this out. >> it was a result of social media as well. hard to you know make a black and white issue of this. >> i think it's true. i think that the social media companies have a moral obligation to do what they can to help out. work hand in hand or counter intelligence and doing what they can to thwart isis on-line. we are seeing a new aged battalions field, and a lot of it's being waged on social
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media. >> got a problem? no problem. >> just your way out of it from plane crashes to riots. airport security korean screeners. it's throwing more money at our problems and just creating bigger problems. plus soda salt milk all have in common? nothing. except if you are the food police because they are back, and they are looking at our bottom to you the bottom of the hour. >> thanks neil. we can't wait. up here first, democrats going against president obama on the free trade deal but it's not the embarrass
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in balancings ground states. now back to golden bears bulls and bears. >> game over. so much for showing up at that congressional baseball game. then again on capitol hill meet with democrats yesterday morning. despite all the president's wooing his own party just rejecting his major trade deal. do you say good news for him and the economy as well? >> this is the one time i fully support president obama. it's baffling on so many fronts. i'll tackle the economic one with just a small little story. free trade goes back to the time of the cave man. you have the smith cave man company, and you have the -- the smith cave man company is good at hunting and fishing.
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we're horrible. the layfield company, they're good at guarding that stuff. we make an agreement. john goes out and allows it so to specialize and make more clothing where. heats how unemployment goes down employment goes up. we've seen it after in as wra and every other major trade agreement. it helps lower unemployment. >> well you know john is very well dressed, but he is also the world's top fisherman. haven't you won some amazing -- i don't know about the whole kafman thing, but john what do you make of gary's argument? >> look we don't do that. presidents in her second term have not gotten anything done.
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reagan. that's the anomaly. for the most part people are starting to run for re-election. president obama has had his back turned on here. this is not surprising i don't believe. you're going to see everybody running against him. democrats and republicans. this is very bad for the economy. we have been so long without good leadership. the congress and the president, by the way. we need reform and immigration reform and national energy plan. that's not going to happen because we're already in a new presidential election cycle. >> well the president spent a lot of political capital to try to get this passed and it didn't happen. bad for him. also bad for the economy? what do you think? >> i'm not sure how much political capital he spent. sort of johnny come lately with his lobbying. i look at this though as just a temporary situation. the battle has not yet -- the battle was won about laborers. they're celebrating. they don't have a long-term vision for how this actually doesn't get passed. i think this is just another
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ridiculous type of situation you see in congress and eventually they're going to get it passed. it means that jeans will be less expensive. i think that other issues that don't get into this conversation a lot for democrats and labor unions is that we look at trade policies and they actually help people who are making less than $2 a day in places around the world that desperately need that type of development. i want us as a movement progressives to really embrace that because it's something that's necessary in the world. >> interesting. >> i think they're done with that. i believe it's to help people get jobs from the free trade. it was a pro free trade thing.
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it's like having -- this is they had a proposal of lower taxes. free trade is good for the country. this country -- >> what do you think? >> trade is important to the united states economy. it supports 38 million jobs here in the united states. it saves families $13,000 per year, and the reality is we're dealing with a global economy. the problem with what happened with this legislation was a trade promotion authority that was supported by a lot of republicans which has been used by presidents for 80 years that moved in with sfw called taa, which is basically a wasteful liberal government handout. >> that's got to be the last word. my money is with both the layfield and the smith caveman company. thanks guys. cashin in just over an hour from now. what do you have coming up? >> hi, brenda. how the aftermath of this video could backfire on fighting the real crime in america. plus comedian jerry seinfeld says he won't play college
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campuses because students are too p.c. is this proof liberal professors are creating a p.c. generation? cashin in will see you at 11:30. >> you will. thanks. we'll be watching. up here first, attention, passengers. get ready to get squeezed again. this time i'm not talking about the seats. why this one really is a trip.
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with xfinity from comcast you can manage your account anytime, anywhere on any device. just sign into my account to pay bills manage service appointments and find answers to your questions. you can even check your connection status on your phone. now it's easier than ever to manage your account. get started at xfinity.com/myaccount just when you thought had you this carry on bag thing in the bag, they may change the rules. an airline group recommending sh
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rinking the size of carry-on bags allowed on planes by 21%. you say flyers should be prepared to get squeezed. >> well yeah absolutely. they're going to get squeezed. you know here's the thing. these costs to consumers are nothing compared to what would happen if president obama has his way with regulating airline emying emissions. luggage manufacturers are loving this. >> john you like this? i bet you have a pretty big carry-on bag when you are going around to your wrestling tournaments? >> absolutely. i've got to combine seven million frequent flyer miles. i've traveled my entire adult life so i know airlines pretty well and the airlines pretty much where awful. they've lost money as a sector since orville and wilbur wright first flew but if you give me a chance to have a bigger seat or bigger overhead storage bin, that's an airline i want.
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i don't want food or if the flight attendant likes me. most flyers are that way, and airlines should be allowed to have the overhead bin space they want and to dictate their own plane. not a government mandate. i think that's way over the line. >> what do you think of this? >> well i travelled with cowboy boots, and it's going to be really hard to fit them into a smaller suitcase but, yes, this is going to benefit luggage manufacturers. it's going to benefit people who have stores. people will start shopping instead of packing their clothes. this is i think just crossing the line. we at some point need to be protected against just airlines being able to raise prices and decrease our luggage capacity. how am i supposed to survive -- >> i'm sorry about that. >> i mean airlines are businesses. they have not been making money for so long. isn't it okay for them to try to you know do whatever they need to do to make a profit?
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>> absolutely. >> they haven't made money since the days of the wright brothers? why? because of government intrusion. i don't care if if they make money. just 2,000. i don't like it when i walk into the starbucks and they have raised the price on a tall double mocha. it's like the government toss to come in and say, look you crossed the line. you can't charge that much for a cup of coffee. if airlines charge too much you take a bus. if the bus is inconvenient someone else will come up with some other form of transportation. we would all be on the horse and buggy in his world. >> ten seconds. >> thanks guys. thank you for joining us. we appreciate it. >> when gourmet goes cheap, what that means for you at take-out.
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>> hollywood taking full advantage of our fears. shows like robot wars and mr. robot and humans by amc networks. a 20% move in stock. >> there we go. can't beat that. well never let a crisis go to waste. we saw it after baltimore. >> to invest in our children. >> we saw it after the anthrax. invest in 21st century systems. >> safety programs that are under funded. loo if we don't invest if will be -- >> and now that the tsa is missing things like bombs? >> i think everyone needs to understand that there is a price to be paid for us continuing to cut and cut and cut. >> i think what they're saying is if i had just spent more money on diet products i wouldn't be fat. fat chance you would believe it.
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