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tv   Cavuto on Business  FOX Business  July 5, 2015 8:30am-9:01am EDT

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gentlemen. you are only going to get that fair and balanced pat on the back right here and a kick in the butt too on "bulls & bears".." "cavuto on business" starts right now. happy fourth of july. celebrating our freedom and staying on higher alert against terrorists looking to attack it. hello, everyone. i'm in for neil cavuto. on this july 4th here's another number for you -- 100,000. that's how many pieces of terror poewes are being made each day. authorities doing their best to track them and take these suspects down. but they say they need social media companies to step up. are they right or wrong? >> charlie gasparino, scott martin adam and lisa dagen mcdowell and ben stein will be back next week. social media, what's their role in helping us defeat the terrorists? >> look, i think they should get in front of congress.
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they should get involved on their own. patriotism. they should track these things down not just kill the accounts but share the information with federal authority ts. that's their responsibility. >> some may bring up this little thing called the first amendment. >> right, but by no means is it social media companies' jobs to fight the war on terror but i think they have a moral obligation to do so. as you mentioned, isis is posting 100,000 social media messages per day using those messages to recruit people across the world and also to push propaganda. so yes, absolutely these social media companies have a moral obligation to do whatever they can to help fight isis. >> i have to tell you, too, scott, here's what i have a real soers problem with. this notion of self-radicalization. that's a bunk. that's not a real term. these are dissatisfied kids who can be swayed, but they must be wooed and pulled in and there's no better platform than social media sites and these guys have
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to know that and they should probably step up their responsibility. >> right, because that's the cool stuff, right? the social media platforms of youtube, facebook twit cheshgs all the kids are going to now, it's how they're finding their influencers. that's really the tough thing too. as a social media company, you may or may not be happy with this government's role in your life but you have the responsibility to help the inept, and that is the government. look at their projects on their website. they need the help of the companies to get these off the social media and get them out of the teenagers and young adults' faces. >> we're in an era of corporate activism where corporations are taking a lot of stance on things whether it's climate change green energy immigration. they're taking their own individual stance on these things. why so slow to attack something that affects everybody? >> you raised it yourself. there are first amendment issues.
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these companies don't typically own the intellectual property. so fox or a newspaper takes responsibility for all the things that happen on its platform network, in its newspaper. twitter and facebook linkedin don't. that belongs to the people who post on it. i think they should help government but governments need to go through -- they really do need to check all the right boxes and make sure look -- >> another bureaucracy. >> we take the constitution seriously, especially on the country's birthday. >> if you advocate fox to take an active role helping government address terrorism? that's what we're getting here. i understand the notion who owns the tweet or the facebook post but should fox, cbs actively hand in hand with government address terrorism? that's not -- >> let me make my point. >> i want you wanted to answer the question. >> it was rhetorical. >> rhetorical. >> thanks for clearing that up. itis one thing for twitter or
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facebook to know terrorists are -- a terrorist account is an active terrorist account. that should be shut down. that's illegal behavior. it's another thing for any sort of news conduit, what these are, us or them to act live engage hand in hand with government. >> hold on. jerry, do you think if someone is saying hey, listen join our movement even though it is isis -- i don't know if we can all wear our lawyer hats if we try, but i don't know if that's necessarily illegal to say i believe something -- >> i'm not talking about somebody saying i believe in something. i'm talk about somebody who says meet me on the corner of 5th avenue and 45th and we're going to blow something up. >> that's illegal activity. >> that's where it starts. >> countries should step up just like in world war ii. >> step up themselves not with the government. >> sorry. >> i was going to say no doubt
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these social media companies have their pet peeve projects and they have actually stuffed up on other thing, which begs the question why are they dragging their feet on this? to add to the point, they don't have to own the content but they own the highway and they can find out who's the bad actors on the highway. >> charles, you just made the point i was going to make and the fact of the matter is these social media companies reserve the right to take down various pages, to block twitter accounts to post things they may feel -- whether it's conservative beliefs or whatever it is, if they feel like this is offensive to the people on twitter or facebook they reserve the right to take it down. so why won't they do more to stop isis? to take some of these facebook pages down? >> it's one thing to be joining the government in a joint effort. fox news news organizations do not join the government. we don't want to set that precedent. if we know that our product is being used -- >> i don't think that's the point. >> i want to ask you this.
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i don't know we're asking them to join the government at the hip. we're asking them to be vigilant. the big word for anyone. if i'm walking in times square and i see someone drop a box and walk away it's my duty as a citizen to say something. i think this is a see something, say something applies to the corporate world. >> i agree and i could split the difference between what you and charlie are saying. i think it's media organizations's responsibility to be responsive to the government when they ask for help. but let's also make -- >> we're talking precedent. the pentagon papers. richard nixon said that was a national security issue. you've given up secrets. that's what richard nixon said. put armed men in jeopardy. >> we know what the -- >> i agree. >> i wouldn't equate that at all. if somebody is sending a text some isis guy, we want you to behead everyone in your neighborhood tomorrow morning, not the same as the pentagon
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papers. i had this discussion earlier in the week with judge napolitano and he is a serious advocate of the constitution, a libertarian, but he thinks this is an area where free speech is free speech even if ithate speech and even corporations shouldn't violate that. >> i think it's a matter of national security charles. you look at these guys and girls that drop these bread crumbs whether it is in chat rooms, discussion boards twitter, facebook. these are the tells. these are where these guys and girls sit. all of a sudden they have this blowup on social media and guess what a little while later -- >> hold on one second. >> there is a difference between hate speech -- let me make the point. there is a difference between hate speech and advocating illegal activity. i think that's where the social media companies -- >> it sounds like -- >> you're going to miss people like that. >> it sounds like we're almost all in the same area. it feels like none of us have a real problem with this. adam, we were hoping you would.
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but there are people who have a problem with it. and this is july 4th celebrating our freedoms but with those freedoms came a set of documents that allow people to say hateful things that might turn into action but where do you draw that line and make that distinction? >> isn't it good that you have social media that at least they're out of the woodwork? you can monitor social media. >> this is the point i've been trying to make. >> that's my point. >> people say 100,000 sounds like a lot. we've covered high-frequency trading. you don't apply those same algorithms to the internet. we could be taking these guys down left and right. >> why is facebook or twitter need the government for that? they don't. >> they don't. >> facebook and twitter. calling the police. >> go ahead, lisa. >> charles, as you mentioned i think it's clear to draw the lines that what we're saying and a lot of people are saying on the show, the social media companies should do this
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independently. there shouldn't be any sort of federal government-mandated thing because that's where we draw the line and where it would be wrong. there is a flipside to social media as well pip know you guys remember the isis fighter in syria who posted a selfie of himself and moments late they're building but blown um and he died. >> all right, guys. let's leave it there. forbes on fox with elizabeth mcdonald is next. what's on deck? >> hi charl. we've seen some big supreme court decisions but this teacher's fight could top them all. find out who she's taking on and why her fight could take jobs to new heights. and with terrorist threats up we're cuddling up to cuba. and now it's demand weg shut gitmo down. but are we about to make a dangerous move? we'll debate that coming up. >> all right. can't wait. thanks liz. up here next just in time for this big travel weekend, states hitting you at the pumps. with more taxes to pay for roads and bridges. but do you really think that's where this money is going?
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>> i'm brenda buttner and i'm proud to be an american because our history prooufs the american spirit will not be extinguished by war, depression natural disaster or the evil of terrorism. our way of life lives. happy birthday usa, and god bless america. if you're taking multiple medications does your mouth often feel dry? a dry mouth can be a side effect of many medications. but it can also lead to tooth decay and bad breath. that's why there's biotene available as an oral rinse toothpaste, spray or gel. biotene can provide soothing relief and it helps keep your mouth healthy too. remember, while your medication is doing you good a dry mouth isn't. biotene, for people who suffer from a dry mouth. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one.
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roudamerican. back to "cavuto on business." >> that's the reaction of drivers right now at this moment as they hit the roads because here's what's hitting them. six states just increasing their gas tax to pay for roads and bridges. charlie says if you think that's where the money is going, he's got a bridge to sell you. >> i covered municipal governments for years and covered it in new york the
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worst and most wasteful state in the world when it comes to infrastructure spend bug generally that money gets stuck in slush funds that don't get used for roads and bridges. that's why you keep hearing there is a perpetual crisis of infrastructure. the only thing good about this is it's the states raising the money so the voters in those states can basically see -- there's a lot more transparency where the money is going and they can hold their elected officials accountable if that money is wasted. >> the states always raise these taxes and they say -- they blame it on opec. the federal highway transportation fund is going to be empty soon and there's a huge debate over how to make it up. i agree with charlie to a greater extent. what are you doing with that money? >> they spend $50 billion a year and get $34 billion a year in the highway trust fund. they're overspending not doing what they're saying. ipts going to mass transit, landscaping, flowers and the medians, believe it or not, bike paths. it's being misused sometimes on
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the scale that charlie is talking about -- >> what's wrong with flowers? >> nothing's wrong with flowers but, listen at some point we need to curb government spending. this is the largess that put greece in the poorhouse. >> and thank you for the flowers last week. increase in the federal tax in 1993 were used in large part for deficit reduction of all things and not fixing roads and bridges that are now in such big trouble. other issue, because of fuel-efficient vehicles and the fact that teenagers aren't getting driver's licenses as often as they used to be and seniors are driving more but not as many mile population growth factored in too guess what we aren't driving as much per capita and therefore taxes are going down. >> although lisa you know what that also takes away the argument of wear and tear on the roads. you can't have it both ways. if there's less driving there should be fewer potholes.
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the bottom line is this has become a great way of raising money and they can do it in certain way raise it a nickel now, another ten cents there, but you keep doing it and it as up. >> americans are paying enough. they're spending about 50 cents per gallon between federal and state taxes. that's already too much. the real problem is too much federal spending. if you look at this issue on the federal level, the reason the highway trust fund has become depleelted is because members of congress have raided it for pet projects. that's the real problem, spending more than we are taking in. >> let's be honest. this is all about accountability a profligate government whether it's a federal government state, local, it's other people's money and they just spend it and spend it when they run out of it, they demand more from us. >> first of all, i disagree. as you know i always do that it's other people's money. it's our money. >> i agree it is our money. we're on the same page there. >> okay. so yeah i do agree that gas
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taxes should be spent on roads, although i think the flowers in the median are a very nice thing as well. and we all know that gas taxes in the united states are far too low. they're lower than in the rest of the world. gas is too cheap in the united states. >> i'm so confused about that. listen, are you seriously saying that europe's got it right, that, you know we should be paying $8 a gallon for gas? i think we've got it right except we should be going in the opposite direction, adam. >> with regard to gasoline yes. i mean i think you shouldn't be comparing this with greece. we have the ability to spend this money responsibly. >> why not? >> we're certainly better at it than the greeks. >> we haven't shown any responsibility. >> the big dig, remember that? >> we built the interstate highway system. >> we're talking act state projects as opposed to federal projects. most major state projects are boondoggles. the big dig in boston took years and years, overspending.
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you name it. goes up in value. >> sthal baggage thing working yet? what about this lisa, you know what listen the federal government can give them a run for their money, this little thing called the stimulus package, the shovel-ready jobs we shouldn't even be having this discussion. >> exactly right. there's never going to be enough money to satisfy liberals because the problem is no matter how much money they take in they're always going to want to spend more. that's the problem with raising the gas tax because you're never going to be able to raise it enough to continue, you know praying ing paying for these projects that liberals want to spend money on. >> go ahead, scott. >> the problem is too, we had this pretty big crash in oil prices if you haven't noticed. what's happening is the state and federal government is licking their lips with a chance to hit drivers now because if you've seen the pump lately it hasn't been terrible compared to the last few years. that's what they'll capitalize
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on the fact that the pay at the pump now somewhat existing not as bad as a couple years ago, they can hit you with more tax. >> gerri? >> the state and federal government you put gas in your car, pay taxes, buy a car, pay taxes, the bottom line is you pay taxes. >> i cross the george washington bridge in my commute and i could drive a tank and they wouldn't justify the amount of money they take out of my pocket. at least you made it across. he's paid the ultimate price. thanks a lot. take a look at this. someone says if one presidential candidate gets his way, they won't be greek to us. super poligrip seals out more food particles.
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obama care might be fuel steam ahead. the presidential candidate is push forring a single payer
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system, and scott says that will push us even further towards greece. scott. >> this is a funny thing. bernie sanders hail from vermont, which is a state that rejected the socialized medicine idea recently. it's interesting he is pushing this. if you are all for commodityized medicine where you are going to be going to wal-mart to say, get your leg casted, then i'm all for it. i tell you what if you want to lose access to your doctor again, if you want to possibly lose access to your plan again, have this general medicare fund for everybody. we can all compete for the same doctors, the same services. it's not my opinion. . >> lisa so far this thing has been so amazing. the premiums have gone through the roof. deductible advisory gone through the roof. we've got an economy with a whole bunch of part-time workers, and now bernie sanders would like to take that same thing and maybe put it on steroids. >> that's socialism. a wise woman once said is the problem with socialism is you
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run out of other people's money. >> we have two entitlements programs sfshgs we can't afford obama care, and we can't afford a single payer system. >> i have to tell you, you want to have universal health care? okay. let's take the v. amount as our model. how well has that worked? not at all. when it comes to bending the cost curve, the president originally promised that your health care under obama care would cost you the same as a cell phone service, right? not so much. not flls it was gold plated. it's just not working. >> charlie, when he said the cost curve, he could have been talking about higher. he didn't necessarily say it was going to go down did sne. >> he left that part out. i think it's fascinating as the political aspect is that what berny sappeders probably knows he is not going to be president sfshgs what he is probably trying to do is push hillary clinton to the left of this. now, a lot of people always thought that president obama's plan it's really mandated insurance. it's not quite socialized medicine.
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the democratic party, if it does win, and it has to get both houses of congress it may go for that single payer by bernie sanders pushing hillary clinton further to the left on this. >> i think you like maybe -- you might think that there's some good benefits wrnt to single payer, but i got to tell you, so far what we've seen from obama care hasn't been that great. i think that american people will be very afraid if we went to a system again just like the european system it's not working out very well over there. particularly if you have a serious ailment. forget about getting a cast at wal-mart. when if you need serious medical work done? right now everyone in europe comes to america. >> jerry made a really interesting point that i hadn't thought of before when she talked about the v.a. i think you may be on to something, which is that. >> greece is not the only
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european country with a single payer system. there are lots of them. including the u.k. where it works well. where the economy is strong. there soinlt one way of doing things. >> what do you make of that? >> i'm not an expert is he u.k. health care system but i do know one thing. their economy is not that strong. the entire european economy, which is quasi socialism throughout is not that strong. >> when people in the u.k. need something really done some serious work done they don't get it done there. they get on a jet and come to new york or somewhere in america. >> long wait times. cost overruns. it's not far from -- >> my point is as we're becoming more and more socialist in terms of medicine i mean it's a mess even before obama care drstz -- you get doctors that don't want to be doctors anymore. >> that's true.
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>> the whole thing is really imploding on itself. hey, my thanks to charlie, jerry, and lisa. you guys are fantastic. enjoy the rest of your weekend. now, who needs to wait for fireworks? our pros have t
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halfway through 2015 time to stock up for the rest of the year.
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adam. >> van garde's consumer discretionary etf, charles. >> scott? >> young brands. fill the hunger of your portfolio for the second half of the we're. >> the cost of continues. here's emac. it could be the biggest news out of the supreme court yet. on this independence day is one teacher about to set all workers free? hi everybody. i'm elizabeth macdonald in for david this week and welcome to "forbes on fox." happy fourth of july. we've got this california teacher. she's been taking on big labor for years. now the supreme court is taking on her case against forest union fees. someone said if she wins all workers will win. is he right or wrong? let's go in focus to find out with mike john bill baldwin, along with carrie sheffield. happy fourth

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