tv Cavuto on Business FOX Business July 26, 2015 2:30am-3:01am EDT
2:30 am
coca-cola, but they have a piece of a good artificial sort of natural sweeteners. >> how much sugar have you had today? >> it's culled truvia. >> john bull or bear? >> domino's pizza and coke is my favorite meal. >> you're coming to dinner. neil is next. all right. forget about a sharp turn to the left did hillary clinton just take a sharp turn from her huh? >> for taxpayers in the top bracket, families earning more than $465,000 a year any gains from selling stock in the first two years would be taxed just like ordinary income. then the rate would decrease each year until it returns to the current rate. >> she's ready to hike ohio governor john kasich telling me she gets her way, this meager recovery takes a hike too. >> terrible idea. we need to do what we did in
2:31 am
ohio modernize government deregulate and cut taxes. >> charlie gasparino, ben stein, so fed up with this protesting at a mcdonald's. more next week. charles payne, what do you think? >> it's mind-boggling. the whole speech she laid out was absolutely mind-boggling. the notion she's going to get individual investors not to trade because they'll be punished for it let me tell you something, this week a lot of individual investors were pleased for trading because they sold netflix at a loss a year ago, sold amazon and facebook. they probably should .trading as much. the notion she should punish people and somehow punish organizations and she should make them do more things with their money, i'm telling you, the bottom line is that the welfare utopia has run out of money, only one place to get it the corporate balance sheet. all this stuff leads to the same thing. under the guise of conscious capitalism they want that money. >> i'll put you down as not big
2:32 am
on this particular -- >> not yet. >> dagen, the argument for this is that we do have it built into-in our system a short-term way of thinking and the only way to correct it is to punish taxwise those who get out short term. >> yeah. i didn't understand the -- i didn't understand the stock buybacks were so evil either. she not only is running for president of the united states she's running for ceo of america because she's going to tell everybody how to invest their money and everybody how to manage their finances. it's hrc capital management is what she wants to turn the united states into. however, that being said -- >> i like that. >> yeah. >> i want you to know you've created a hostile work environment by forcing me to listen to her drone on. i'm going to this h.r. i don't know whether to hate you more or -- >> pot being ket fl you go to h.r.
2:33 am
>> that's true. >> i don't know whether to hate you for more making me listen to that or hate larry fink at black rock for giving her dopey ideas about short term -- listen this is purely politics. it makes no sense. have some sort of -- >> listen okay let me -- but here's -- >> here's the politics. adam you should love this. she needs a -- >> i'm listening. >> she needs a wall street whipping boy. she can't beat up on goldman sachs because they give her -- they actually paid her money to listen to her speak like that by the way. that should be a shareholder revolt at goldman sachs. they can't -- she can't beat up on them or private equity because they pay her money too. they should be, you know blackstone should be in big trouble with their shareholders. >> so she has to go after -- >> she ha to go after the smallest piece of the wall street apparatus, the activists, so she can say to bernie sanders, i'm beating up on somebody big. >> adam? >> as political analysis goes
2:34 am
it's lot bad. she said if you're a traitor, if you're a hair-trigger trader and go in and out of these stocks that's your job. that's like income. >> adam let me -- >> on the other hand charlie gasparino, on the other hand i'll make it -- >> quickly, this is -- >> if on the other hand you're a long-term investor -- >> okay adam -- >> let me keep it like -- >> let him finish. >> this is the leader of the free world. >> thank you for letting me finish. i appreciate it, charlie. >> this is the leader of the free world who should be worrying about isis and the economy and everybody else -- >> who says she is? >> talking about stock buybacks. think about it. >> it's a long campaign charlie. >> gary all i'm saying is it's
2:35 am
meant to go after the carl icahns and corporate raiders in and out for big buck and this week is illustrative of that it could hurt those who all of a sudden if they discovered they bought amazon a few weeks or months ago, better than expected quarter, stock zooms the next day, they say i've had a great rub with amazon i'm going the get out out of it, they would be penalized penalized. what is fair about that? >> it won't work. if people want to sell tomorrow they'll sell tomorrow. this is trying to engineer people. but, look there is a bigger picture here. this is indicative of the shape of things to come under hillary clinton. notice higher taxes. it's not just going to be this it's going to be other things. notice people like kasich lower taxes, keep money in the private sector keep it away from the government. hillary clinton is the opposite and it hurts economic growth. >> i'll answer your question neil. >> go ahead. >> it's just the start.
2:36 am
>> well to answer your question i mean if it will have a short-term gain on amazon and i want to sell it i'm going to set it. >> why should the government create disinsensitives to sell tech stocks in february 1999 less than two years before the tech bubble burst? >> that makes no sense. >> her policy proposal is saying you're welcome to do whatever you like but -- >> but the government -- >> by the way, it's ridiculous to say don't use a hair trigger temper. you have to hold em up to two years. what are you going to do? >> shorter the prevailing tax rate. >> which you know is going to go up. here's my theory about what she's doing. she knows this will go to
2:37 am
nowheresde villepin nowheresville. she's being aggressive and severe left wing appealing to the base, go after the rich. >> she is not going after all of them. she's going after this tiny sliver none of her friend none of her people who gave her speaking fees none of the people who -- >> you and i know that is going after more than those guys. it is going after everyone who is involved in the market. does well in the stock. >> that's the small average investor. >> what do you tell your clients? you often tell them for the long term right? >> i do but if you have amazon and you make 200 points in three months you should have the right to take that not be penalized -- >> fair enough. i have had clients -- i have had clients -- >> you should not have to think about -- >> i have had clients who actually held off on taking profits because if they waited another month they would have paid capital gains. guess what happened to the profits? >> her biggest donors have been the biggest wall street firms
2:38 am
for years. >> this doesn't affect them. >> it doesn't because that's who she's taking money from so all of her left friends and her buddies on the -- as far as you can go on the left need to know that's where her money's coming from. >> but she's not -- >> she's not going after the people that paid her all that money. she's going after this very -- >> to your point, guys she praises silicon valley right. what have they done? they're building gigantic companies in a private sector worth $40 billion, $50 billion, they'll send them to the public at $90 billion. >> after she mentioned her remarks about long-term investing and the wisdom of the spacex she is with that adventure, indication of whatever long-term hopes they have, it would be dissuaded by short-term tax concerns investment concerns. i'm thinking they've blown up a couple things and they're backed by billionaires.
2:39 am
>> and american taxpayers. >> and american taxpayers. yeah. >> i know people that have held ibm for 50 years. they couldn't care less about this. but in my world, the holding period is anywhere between one day to a couple of years. >> what's wrong with that? what's wrong with that? >> adam remember her premise. >> better place with fewer people making a living that way. >> let's be clear what she's saying. investing for the short term carl icahn going to a board, demanding they give you stock buybacks that is somehow costing jobs. there's no study here. >> wants to admit charles payne did have a point earlier talking about this on fox business which if you don't get you should a profound point we have a fixation on quarterly earnings. >> a fixation. >> some management does. >> i understand. >> if you've got a management team if you have a manager worried about the company's
2:40 am
quarterly earnings and how the street is going to about, they're doing a terrible job. >> they have to worry about it. >> but if you don't have a five-year plan -- >> of course. >> dagen, final word. >> essentially up to a six-year penalty on selling an investment. a wealthy person will do the following, put their money in cash leaving less money to handicapal to the companies that are raising it and the companies that made it. >> they don't think they can get either -- >> how many jobs do you think -- the real question we should ask adam and hillary's supporters how many jobs are these stupid proposals going to give us? >> let him answer adam. fair and balanced. if you can point that out. >> how many jobs will she create? zero. >> how many -- you say how many is she going to create? how many is she going to kill? maybe some trader people on wall street that we don't need in the workplace.
2:41 am
>> all right, guys. all these other new developments in an iran nuke deal. doesn't that make you wonder about what else we don't know? after this. >> today on forbes forbes families of victims killed by illegal immigrant suspects are speaking out a house passes a bill to cut federal funding. sanctuary cities. is that the best way to protect us from criminal illegals? and the ow back to more of "cavuto
2:45 am
on business." see you at 3:00 p.m. eastern. they say the devil is in the detail bus get ang iran nuke deal done a lot of us are kept in the diminishing about key components much like the closed door when health care was being debated debated. we've since discovered when we're dealing with that swap for certain u.s. military official that sometimes it isn't what it turns out to be that that is the problem. charles payne, with this we're learning about side deals, protections, special allowances special moneys proceeds. it's not the deal that even we know about. >> and unfortunately we probably learned all of it the hard way. i guess what's most frustrating about it is the administration's telling us shut up and accept it. shut up and accept it. we trust -- we trust iran. even though we're saying we
2:46 am
don't. >> we're not even aware of the side deals that i'm told secretary kerry wasn't aware of all of them. that's a little disconcerting. >> the whole thing is disconcerting. so obvious, to your point, we trust, not we but the obama administration trusts iran more than they trust the american people or congress. they don't trust the people they're supposed to trust. >> we discover there are side parts like going to a closing on a home and discovering there are all these other fees. you're sitting there. you have to do it unless you walk away from the table and you're stunned. >> we are fools for thinking otherwise. of course this is going to happen with iran. we're getting into bed with the nation that calls us the great satan. a week ago the supreme leader in iran called the u.s. after the deal was done arrogant and in the crowd chants "death to america, death to israel." then the secretary of state abouted shocked and said well
2:47 am
i told them don't about that way. >> gary? >> it's another case of we only know what they want us to know and simply another case where the most transparent administration in his vi really the least. >> i don't think they know gary. that's my point. i want to give them the doubt. you know how these are cobbled together. they didn't even know. nobody could answer for them. >> the amazing thing is to watch kerry not knowing. for me this is like the big enchilada, this is not just health care anymore. this is about national if not international security and the defense of israel. we can argue if the deal is good or not, by the wait it stinks but the side deals are coming out after the fact that gives iran all kinds of allowance. >> it's like the bird doll swab very much like health care.
2:48 am
trust us just to prove this then the drefl in the details and we realize there are a lot of dels in a lot of details. does it worry you? >> of course. everything is isome. the cup half full analysis that i can offer is you started the segment saying we've learned. how have we learned? because we have a media looking into it. >> a media looking into it? >> fox is the only media looking into it. we're considered idiots for try snoopg that's a good line but there are others that are looking seriously into it. >> no there are not. i read stuff from your neck of the woods. they're not covering this. they're not making a big deal over the side deals or the moneys over the front repayment of these frozen assets. we are. >> the media did not even report on what was going on in times square with tens of thousands protesting this. >> this is being shoved down
2:49 am
people's throats, whether you're right or left of this issue, can we prevent them from getting 67 votes to override a predicted veto. that's all they're worried about. >> we should be worried about everything. the administration sent senior people to congress to testify and answer questions. that's our process. >> what about the taliban leaders released for bowe bergdahl will look like disney characters. it's about nukes. >> the president may not know. what about iran's interpretation of this deal? that's what i'm worried about. they have a completely different interpretation of what this means. >> they do. thank you very much. meanwhile, a massive
2:50 am
i can't believe we broke old man hennessey's window correction dude, you broke. i just threw the ball. this is really bad. what are we going to do? dude, kiss your life goodbye. let's go. ♪oh. keep smiling keep shining♪ ♪knowing you can always count on me, for sure♪ hi ♪knowing you can always count on me, for sure♪ tell him it was an accident and we can fix the window. ♪knowing you can always count on me, for sure♪ i'll come with you. ♪woah, that's what friends are for♪
2:53 am
do you like chipotle? doing pretty good numbers and they could charge more and you would pay more if they paid their workers more if they covered the college costs and all of that. former mcdonald's ceo is saying it doesn't work that way. pp. you may pay a little bit higher for the higher wages. at mcdonald's, i don't know. mcdonald's pay a little bit more for big mac. >> you're going to pay more. it's going to hurt business and it's also going to hurt job creation. you see, particularly seeing in san francisco and los angeles just raised the minimum wage and los angeles county wants to do the same thing to $15 over a period. >> you'll pay more for that because the right thing to do
2:54 am
and the way it's played in some of the press. >> bottom line chipote has people who will buy that stuff. mcdonald's, traffic is down. job killer that will kill jobs and make it more expensive for poor people to even go get a big mac somewhere and it's a double whammy. >> the argument is the people who are working fast food will make more money and spend more money. what do you say? >> that's the point that hillary clinton made on friday about, she brought up chipotle and i think it's absurd. you need more traffic in these places and, i tell you, people will cut back on certain things if they can't afford it. >> do you think people put the burden on your good heart, pay a lot more for a big mac, quarter
2:55 am
pound erbecause it is the right thing to do. they passed along that increased cost to customers and those customers happily amrij edobliged. what do you think? >> the liberals have the same eating characteristics. they wouldn't be caught dead in one of these places. am i right? you would not go to any oof these places under any circumstances. at the margins some people might feel better that an employer treats its employees better so i'll go there. i don't think any one of these things is the single factor. >> gary what do you think of that? there are differences. >> let me take another side here. youth unemployment in new york state is already 21%. these are your 16 to 19 year olds. they are going to be losing their jobs and the shame of it is, the franchisees are the trainers of these people to get into the workforce and no better
2:56 am
business. this is going to be damages across the board, higher costs you name it everything. >> taking your word. >> 15 is the new standard. a few cities now and a few places in this country. it's going to be coast-to-coast. to cost. watch the job losses. >> charlie, thank you very much for joining us. in the meantime millennials are still saying c
3:00 am
up up. >> oef, a basket of large-cap stocks neil. >> visa. strong reaction to earning next six months. >> take it, run with it. >> suddenly a shot rang out and kate fell and looked at me and said, help me dad. those are the last words i will hear from my daughter. >> this is our family's attack on a terror attack. come on down you can have a pass in our city. heartbreaking stories this week on capitol hill. families whose loved ones were killed by criminal illegal immigrants blaming sanctuary cities for their deaths. but the white house promising to veto legislation that would strip sanctuary cities of federal funds. is white house right or
83 Views
1 Favorite
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on