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tv   Cavuto Coast to Coast  FOX Business  August 10, 2015 12:00pm-2:01pm EDT

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fiorina listen to what she says and the way she says it if america wants a proamerican is what we need that was from john. my time is well and truly up with the dow up 200 point neil cavuto it it is yours. >> corner of board an wall we have indications that a federal reserve vice chair fisher saying you know maybe the fed can wait for an interest rate hike that there's no rush to do this that got market pouncing early on and then we have this warren bust deal for precision cast parts. 37 million transaction that shows smartest investors on the planet think there needs to be market made so be it. also hinted about sniffing around the ibm exploring this. all of this with a surprising day about a government initiative and hillary clinton is planning. i say surprising because it works almost any other effort that she has talked about when it comes to big government.
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of 350 billion dollar college forgiveness plan, that will call into question how kids pay for their college bills or refinance the ones that they have. we should stress here she's not right off any debt here and vows that people with their equal responsible for this but sticking in a lot of republican it is the well to do the rich are going to pay for this by seeing dereduction limited by raising taxes on them. now we're covering this in 90 minutes when she announces this new hampshire first on what this is all about. hey, there blake. >> right off the top mr. one of the questions is how do you pay or for it? >> well a quote the fact sheet here hillary clinton say this is new plan by the way which is called the new college compact quote, will be fully paid for by eliminating tax expendtures for high income taxpayers. clinton will call for tapping
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itemized calling tax hike one of them marco rubio on fox and friends called it a -- said it was pouring money into outdating system jeb bush a little while ago released a statement calling it a irresponsible pms. they city it always raise $600 billion that is pangtly higher than cost of the $350 billion during that time period. clinton plan instituted would have four state year with no loan institution and let those who are no longer in school currently refinance that debt. the question, though, of course neil, how are you gong to pay for it all? >> we should have that spelled out shortly. the idea to incentivized to get cost under control give them a little bit of money upfront and
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then -- everyone is honky dory didn't work that way with obamacare you "don't ask, don't don't think it will here. >> this is democratic socialist mo. vote bying but having two negative impacts. number one it is going to cause college costs to sky rocket increasing at a race three times of inflation largely because of the wealth of federal loan it is that have been offer in the past and pell grants. secondly, it is beginning to mean a one size fits all college education. that was the impact of obamacare when the government pays the government dictates and in this case it dictated what was in your health plan, what your doctor could do, and in the case of college education, it is going to mean all of a those college plans or programs or curriculum of the same full of political correctness. >> wufnts things that has been
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pushed to hillary clinton folks is for states, to get state college and university toe reign in their cost. much of the state's aid comes if they can do this and doesn't if they don't. what do you think? >> i don't think that is going to happen more than it did with obamacare with all of this money floosdz the market it is beginning to be a matter of supply and demand and right now there's already too much money into colleges and they're raising rates year after year rather than accomplishing economies. >> you know what i worry there's a poring of this thirled of it goes towards that 110 million i'm told to cutting interest rates for students who have oustanding debt right now. now, that is essentially like those who refinance a hornlg. you refinance your college debt there's a cost to that and someone pays for that that might be a good way to go if you have 7 or 238% on college debt loans
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that you can bring down to 4 5%. but they are subsidized by somebody right? >> that's right there's no free lunch here and no tooth fairy. all of this is going to be paid for ultimately by people who don't go to college because these tax tellers -- hillary clinton said she's closing loopholes on rich but americans are paying for universal college education. you see with this gotten us with the k-12 and government control. this is like common corps. on steroids. thank you as always. there's nothing more tempting than looking at something big and free for a lot of folks and they love it, and hillary clinton knows that will be a big, big draw of sport certainly in new hampshire where going to announce it how do republicans
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counter that? no more gimmes how do they counter, jonathan what you think? >> they these to oppose it on a moral basis and understand goodies help no one and key people, key people needy they create victimhood -- >> no doubt what you should say to a recent graduate, yeah that's all and good but i need i'm drowning in debt and hillary clinton is offering me help in the republicans are not. whatsay? >> does it help them, that's the whole point neil. we have incentives and we have giveaways in terms of subsidized loans for higher education now and we have this huge wrath of kids coming out of school coming out of school with a immense amount of debt they don't help anyone. >> clinton's part republicans need to come out there and say what is flawed with this program. it is redistribution and going to drive up costs but republicans have to come up with a plan of their own and i think you should start with refinancing the 1.2 trillion in
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college debt. 79% of americans think that college is basically unaffordable an you have to pay attention to this. clinton is faltering in the polls hinging on obama coalition. millennials -- >> let me just -- >> jonathan you seem to be saying you have to give a little something am i not beat together tune of the 350 cost but you have to refinance the debt. isn't that the playing democrat light? >> no i don't think it is playing democrat light because we have a very serious problem in paying lip service this is not going to cause a program but exasperated we have free market solution but if you can do this for homeowners -- >> the whole point look john mccain who is a campaign you advise was essentially for a lot of these entitlement programs. gop needs to program an alternative that you own your own life, and it is not anyone's responsibility to subsidize others. you know, neil this country survived very well through 150
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year of any goodies without any government give qeas so gop cannot give in to basic principle -- >> someone else will pay to that basic argument here republican dos they not have to offer tax cuts or incentives to say tax cuts alone will dwarf whatever benefits you get out of hillary clinton's programs and every american will get them. i don't know what the ants is but they better have an answer to this because to be the party of known on o decision will come back to bite their line scientist as it has in the past. >> look neil, i completely agree with you. you cannot pay lip service to this. also jonathon this is also about politics i agree with you about sound policy but right nowmens are not on the side of republicanses and we're going to needs millennials. >> you're mimickings saying not in side of republicans but mimicking lefts -- you're saying that welfare, government goodies are good but tweak excel speed shed more.
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>> you're twisting what i'm saying i'm talking to you be what is going on in the political realm i want to find that solution using free market opportunities. government in goodies an all that is not a free market solution but that is what you're advocating and that is why gop continues to lose. >> we have republicans -- >> you would be open for kids who have debt to refinance that debt at higher rates. you have to know that's going to bear a cost and might be a logical solution because you can say compared to the 350 billion it is the saver. but are you afraid that looks like you're trying to compete with democrats on this giveaway program? >> look, you don't want to compete with democrats on the giveaway program but at the same time you have towns what it is that voters want. they see this as a problem. they see 1.2 trillion in student debt. so essentially you're going to have to come up with a solution, and just saying well we can't give away free goodies or
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anything that sounds terrible in terms of political rhetoric is republicans -- but that's the whole point. >> the gop needs to counter that philosophy that if you stop the goodies if you stop the government intervention you're being mean. you're hurting people. again, show me in evidence that government goodies have helped anyone welfare is best example, neil. >> scrooge's work i believe -- government goodies but jonathan support -- >> you're advocating for political purposes. >> gentleman i wish we have more time but you're both on the same side only on this show can people on the same side fight like this. rtle not on that side neil. >> like my in-laws. thank you very, very much with played. in the meantime, we are going to get more on that a little bit of 80 minutes from now who hillary clinton spells this all out but advantage saying i have a free lunch for you here and you don't have to pay for it. a select few do. but see how that goes. apple is calling ahead of news that it is beginning to have a
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spiffy new iphone announced and with a better camera on it it is going to be able to save on battery life. beyond that we're hearing not much else is planned down the pipe this happened before. it will have an s for new one comes out and other 7. but is this getting old redun taint and for apple whatever the gain today is this getting to be a waste of time? after this.
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>> well we're told we're a few weeks away from a new iphone coming out called 6k but trying to get one from verizon comes to mind and think you can get a discounted phone and maybe a plan that goes along with it. those days might be gone.
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jo ling kent on that and much more all things apple. hello what is this thing about. no more discounted phones? >> not through verizon starts really soon. idea is to eliminate annual contracts and then you end up paying month to month but you have higher fees. and instead of saying neil when you want that new iphone through verizon you get this big subsidy instead you're going to pay for the full price of the phone in installments month to month no termination fee, so to speak. >> a lot of times if your contract is not up so you pay full price so people stick out and wait now that's not an issue. >> they're trying to find that gold did i locks spot where you have -- big companies like verizon at&t, and t-mobile saying no more contracts, but then you have people who want to switch their phones more often and then you satisfy apple, of course because if they do indeed have an upgrid on a phone this fall it has been a year since
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iphone 6 kill out. >> incentivize those. >> samsung product? >> any phone that verizon has. yeah. what about apple in this announcement every year they come up with something new this like the last iphone they have a s version, mid-way between a whole new phone. >> question saw the fingerprint sensor and six something forced touch that is pushing your phone a little bit to click on something instead of an actual tab. >> that seems stupid. >> but full event if it does indeed happen has not been confirmed, it is more likely to be an apple tv or other type of devices a larger ipad perhaps or -- >> been talking about that larger ipad perhaps. >> they have been. >> i want an ipad that is bigger than the newspaper itself. >> like excuse me, excuse me. >> a hook thing coming out of the back hanging in front.
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you wouldn't have to use your phone. >> this phone that's coming out a faster processor what does it do? >> potentially larger screen depending on what the suppliers can provide in terms of this glass. there's a lot of little upgrades here but we don't -- >> better camera. potentially better camera as well but don't expect toe sou whole renovation as we did from the five to six. >> why someone from a six want to make a leap? >> hard core an a l enthusiasts that want the new phone. again -- we just lose our apple advertising contract? >> out the window. but do you think this will do well because the 5s did well. >> you had a fc come out in line you'll remember that cheaper phone. >> i'll take your word with plastic phone, early stages it did kind of fail. but then the c was made free --
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for people who sign up for contracts like verizon. you can see that playing into the new landscape in terms of signing up for cell phone service. >> galaxy camera is superior to apple. >> i released it on vacation. >> agree to disagree. >> find out more in later this month -- >> i can hardly wait that will be financial. jo she's the best. we have ryan who echoes with what she's saying don't expect anything off the charts revolutionary yet why should if i ryan even -- be pursuing anything that apple is offering in this latest announcement? >> i think she's right. you have to remember -- >> don't encourage. >> she's right that you're et best. that's what she's right about. [inaudible]
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apple is like any other retail establishment that last quarter is huge for her. couple of things either iphone 7 will truly be revolutionary and so it deserves to be iphone 7 and not a 6s what i'm hearing, though, when you look at apple watch sales, ipad that didn't hit marks they want. most in the industry i think 2 million. 2 and a half million on apple watch. apple wants us to think more like four. but regardless they need to generate extra revenue so probably iphone 7 will at least give the thought or the impression regardless of if it is just kind of an evolutionary thing with nice new upgrades that would give the impression that it is a new product worth investigating at 65 million sales on the iphone six from last year. >> need that -- >> why wouldn't i just wait for some of these things to be fine tuned in the 7 let's say you just bought a 6 last year.
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why should you rush to get a 6s and a 7 or beat down in price because i don't see that happening. what do you do? >> first of all, you're smart. you're analytical you're discerning, it is my 12-year-old daughter and my ten-year-old daughter when they come in an they need the iphone 7 that apple knows they're going after. that's when we have to say yes. and you have to realize too that apple watch neil, two-thirds of their sales from the apple watch on the -- cheapest sport version that didn't generate revenues that they neglectionly wanted so again this is end of the year holiday shopping need that last final quarter to be big and iphone seven sounds great. >> announcing good stuff even though it it is not out immediately but available for christmas an you should snap it up. >> absolutely. and neil i've heard that if they will make siri have donald
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trump's voice it will go through the roof. ly buy that just for the factor alone. >> i thought she should be regis philbin can i help you with something? >> my scottish accent. >> that could sell too. >> no one else here agrees with you young man but i think you're right. >> i'm behind you neil. >> neat -- insight into what's going on here. ryan tape publisher enterprise you on to a lot of stuff with apple before lots of folks. apple is up today. dow is up today. technology as a sector up smartly today and warren buffett is shopping around and willing to spend upwards of $40 billion for air parts manufacture today that is and sign as well as indications from federal reserve vice-chairman that september is a drop dead time frame to drop
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rates. any time the majority heres and federal reserve is saying we can afford to wait on this. they pounce on that. not so much when it comes to tax hike it is related to obamacare. we're just discovering that many are kicking in as we speak right now. after this.
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>> you know they say in any sort of government deal, the goodies come first. some of the unpleasant details come later. we're finding out when it comes to obamacare surprises like premium hikes all of that. but now some obamacare tax hikes bought obamacare policies but just bought any health insurance policies in that duration. and it's a lot of folks seeing some big increases and it is not only taking effect this year but it rolls out in the next few years. daily call is richard pollack has been crunchings these numbers. i don't think richard folks are going to like what you have crunched. explain what's going on. >> absolutely. only a cynic would like this
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story. we're looking at every single individual in america who buys health insurance that is individuals, families, the elderly people who are involved with medicare, and even the poor are going to have to pay 41% more taxes this year over an obscure tax that was really buried in the obamacare section 90 10 in original bill. >> what is that tax for? what is that -- >> a lot. go ahead. >> it is an xied tax that seeks to pay under the table for obama czar so what we're talking about 11 billion is going to be taken out of the pockets of everyone including poor, senior citizen and all people in obamacare or in private policies. tax over $140 billion taken out of the pockets of every single person who has health insurance in this country. >> and they come back to me and say well yeah, over ten years.
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but this is maybe about about 1400, 1500 for the average family over the course of a decade a rounding error in scheme of things and what he's making such a big deal of it? >> first of all for individuals we're talking about $500 this year alone and it is going to double again over next four imreerps we're looking for a family of paying 700 extra this year. that's real money when beginning to look at a lot of families that are hard pressed and then senior citizens are going to be paying about $400 more for medicaid advantage or medicare part d and a half of all medicaid paying dlrg 150 more out of pocket and states are going to be hit as well because they pay pay -- subscribe for medicaid payments as well. >> so the administration comes back those who push this law come back and say, yeah, but it would have been worse without this. i had never had a chance to
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check that sort of like arguing negative. how could you prove it? what do you think of that that these increases that you're talking and not denying increases by the way -- are lower than they would have been otherwise. what do you say? >> well, you know, ironic that it is called affordable care act that's the obamacare name but it is unaffordable care act. i've talked to a couple of liberals proponents of the act, and they said to me well yes there are increases now. but eventually down the road there will be decreases but we haven't seen them so far. from premium hike it is to these kinds of exide taxes we're seeing only price of insurance going up, up, up under obamacare. >> all right thank you my friend at least you put some details to that. appreciate it. by the way, as he was speaking we told you earlier about the fed and david fisher saying there's no immediate rate hike coming. now we're hearing a different story coming from the atlanta
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fed dennis who i believe is voting member of the federal of the market committee folks who decided rates, and he seems to be saying i think that point of liftoff is close. telling atlanta press club that the economy is making great gains in approaching acceptable, normal conditions no longer extraordinary in other words hinting that a rate hike is eminent. so a direct class with what we heard from the vice chair of the fed. markets i don't think i've had a chance to fully digest that i suspect when they do, though we might be coming off highs or might be taking this to a give and take that normally comes with rate increases real or imaginative. whatever move the fed could make now especially if it is to hike would be first at about a decade we've had this period of incredibly low interest rates some say is due to run out. but now you have two conflicting views as to when that would happen. one saying not nearly so close. another saying closer than you think maybe next month. meanwhile we've heard all of this become and forth with the environmental protection agency
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whether it goes too or far too fast. but white house now seems to be ignoring those who reign in the epa or for that matter courts who go slow. that battle and what it could mean for your utility bills, right after this.
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>> all right, not only stocks up but up in our part because energy strowngs.
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two vrgdz components within the dow. but energy across the board up on higher energy prices per se but we should stress oil prices themselves are you know, much lower than they were just at the beginning of the year. and this -- according to many look at it could be a brief rest but for those hoping oil goes higher those ho do by the way. and 44.64 a barrel up 77 cents on the day. switching as well to this will they or won't they read on interest rates next month. now we have the atlanta fed president locke coming out with the notion that disputes when fisher has been saying that the conditions don't warrant eminent hike in interest rates he's saying right now way things are they'll go up soon that conditions are such toed point of liftoff using his words is close. take that as you will. but stocks have held up in the middle of this confusion we're up 209 points on the dow keep an eye on it for you. keeping an eye on new epa rules
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to kick in. recall that epa sweep a mission standard that called for big smokestack industry pl utility cutsing down emissions by at least 32% through the year to 2030. now a lot of states were protesting that. we'll get to the various attorney general battle on that. but peter sued over epa rules he's won before doing so. peter your argument then is pretty much as it is now. right, that they can't do this on their own, right? >> yeah, that's pretty much the same argument. asserting more power than clean air act with its own agenda. agenda is not tied to the law the supreme court agreed with that, and the previous rule involving the working regulation that's pretty much the same issue under new clean power power plant regulations. >> industry comes back and says this is over 15 years. what is peter wining about? this is something that will 15 years to be fully implemented
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over course of time through planned efficiencies we can get there. it is not going to be end of the world. what do you say to that? >> that's a lot of applesauce. applesauce works for me but it is fine. >> begs i can do on tv. clients begins 2022 and electric and coal industry are highly capitalist industries there's long times involved. epa wants to transform those industriesing and they know very well that efforts to transform those industries will have to take place immediately after the rule goes final and a published in register so these impacts will be immediate. they will not be delayed. >> you know, one thing that amazes me is this epa move and maybe it was three times with nothing to do with the supreme court ruling, but the supreme court did rule, pay epa whatever you coming up with you have to weigh cost of what you're doing
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and they be along comes epa with this decision that it is far more sweeping than anything that supreme court has been looking at so as if they doubled down or you know stuck a finger at the court. what do you make of that? >> i think that administration is very very determined. we have seen the administration move very aggressively through a executive power. i don't think that they're concerned too much about congress, and i don't frankly think they're too much concerned about the courts. being on this previous -- decision in the supreme court the income, opinion wasn't even dry yet before epa decided to move forward, and they actually said in the press release responding to the supreme court decision that hey, you know what don't really care because it has been three years since rule came out took that long to get the supreme court to act and in that time most of the power plants that were subject to the rules spent the billions of dollars to comply. >> exactly right.
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so complain to us later and by that time gotten what we wanted. thank you very much peter. well said even the applesauce comment i like. >> former virginia attorney general on what to make of this overreach and you know, if you think about it you have 19 state at a min numb now attorney general are saying you are going way too far police mr. president this agency going way too far. legal battle that the state just saying that this ens up cost them a lot and a lot of jobs as well. is that a legal argument or what do you make of it? >> those are real world impacts but the legal arguments go beyond that. as you mentioned the mercury ruling when talking with peter, i would agree with you and agree with peter on that and note that the supreme court has gotten more and more dubious about the exercises of power bit epa. they look at it as a rogue agency and this new rule is an example of why. they have blown the doors off
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what anyone has ever considered the authority granted to them by congress. and that's going to be a central point of attack by these attorneys general let by patrick not surprisingly in west virginia. you can look for this probably to be bipartisan but if democrats aren't onboard they'll have problems like in kentucky does he stay oif this? that is difficult. >> in west virginia coproducing state very leery about this cost and cost of this. but you know you think about it, i was thinking -- >> by the way just real quick you mentioned a lot of impacts but one mentioned higher utility bill this is hurts poor people in this country more than anyone else. poor people are hurt the worst by this regulation. it is a good example of the environmentalists who are continuing at war with the poor. an they get away with it but this example, this is a very
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goods example of how they're with people more >> but they can't eat or afford their houses or food. >> giving their point of view. but -- >> epa is that richard grey when you think about it. fda another agency that went beyond military call. sweeping and very multi-- over o course of the years trillion dollar decision. that do not have to be checked by congress or attorneys general. now guys like you and can bring them in and call them on it. but they have sweeping power. that i think should be a warning to republicans and democrats alike, right? >> no question. any time you create one eve these new beasts it becomes a beast. what epa did in 1970s you can look at the cost of the society and benefits and there was a huge benefit compared to the
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cost. you were going to have mercury rule. they have to make up new basis of measurement to come up with a benefit that outweighs the cost. we're getting very little benefit really arguably none out of the new epa rulings, in fact they're hurting us, hurting the poor hurting our competitor, hurting economic growth they're hurting us, and so to your point, i think you're absolutely right. there's a lesson here and and i think you'll see how do you start to reign in some of these rogue ages g agencies? >> they're big and calling shots i don't think richard nixon could imagine an agency he created would be doing what it is doing now that was then, this is now. ken always a pleasure. thank you, sir. >> good to be with you. >> i don't know if you're a tesla owner or benefited by that 7500 dollar credit. largely goes to people ho don't need the government credit. but here's the reality even after all of that, telela is
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losing about 4,000 per one of those fancy cars. and the shares are dropping as a result. weird. it's a fact. kind of like shopping hungry equals overshopping.
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>> all right the scene right now hillary clinton in new hampshire she's going to spell out a plan to help kids and their parents with all of these college loans that are piling up prohibitly so cost city growth and credibility globally it is a $350 billion plan over ten years largely paid for by limiting the deductions for the rich. argument that they can afford it and their responsibility to help kids with rears pay for it. this will also allow kids to refinance the loan it is they already have, and already goodies incentives built in for states to reign in on their states an college universities better they do with reigning in those tuition hikes and room and board cost hikes more money they
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get uptront but that quid pro quo agreement is awarded by republicans saying this is dead on arrival this is nerve she's saying too damaging and this is for solution. also, we're hearing from imf right now that you know, two times two el deuce might not be the charm that greece according to my imf officials might need a third bailout to work out for $19 billion euros. reporting now that that could come sooner than a lot of those global lenders want but that it is the only way for greece to get out of the pit it is dug for itself is to look at a third loan sometimes soon. keep in mind that barely addressed the ones that they're trying to dot i's and cross t's that they're looking at a third loan to remind you they're nowhere near out of the woods. as well tesla shareholders
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getting slammed yet again this time overrule fears that the car while it might be sexy. might look good and go pretty well on a full charge of gas over 200 miles. fact of the matter is that every car that tesla sells it is losing $4,000. scott martin says that might be optimistic. scott, why can't tesla seem to get out of the own way. what's beginning on here? >> well it is tough for them right now. things are getting a little bit better quarter over quarter that they're revenues are at record highs. losses are coming in slightly. but having a tough time in the united states but jefers as well. if you look at the largest automart in the world it is china, they're going through just a bit of trouble, and then certainly internationally when they sell goods overseas and have to break them back to dollars the strength sure thing them as well sonar row loss is getting that narrower for the increase. >> i wound per sexier tag of amazon by that growing a lot of
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money -- in the beginning to try to make money to try to get bat roy centers set up around country and the world. best in business, best in show and that this is all part of their growing change much as it was for amazon before they started making money. what do you think? >> yeah, let's face it, there's a lot of good companies out there that are losing money these days or have lost power. electronic arts maker of the video games has had struggles in the past. u.s. steel and don't forget hot stocks right the pharmaceutical companies or biotech companies that don't have any revenue let us run a profit. so certainly all of these companies seem to be following that path but you're buying the future story as you said, not the current one. >> all right what are you buying today with buying going on. split views as to whether we see a rate hike soon -- or later but they both agree eventually yet even with that
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discord of stocks are soring warren buffett and his deal is it the -- other deals that are out there. what is propelling all of this? >> merger monday seems to be back again with profits 5 and cast parts. i'll tell you i'm still buying the tried and true stuffer that is consumer staples and utilities so i think the economy is weaker than in expect. i don't think that fed is going to raise rates in september. possibly not in december. so i like stocks that are pang divendsight no th riabl earngs. >> tan my fendscot main. wn omeack ty s tt erytng mvelouch an turn toold. and i sa younow,ll o th bzz arnd ntascfour said bo ishis no astup moe or at? and thesomesay il i is the fox news. and if i -- i said oh really? so stupid, man. man. what happened?
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>> you know, i think this is first time it has happened to marvel, right out the gate not hate. fantastic four not so fantastic what that could mean with this whole genera as sequels keep coming out? >> before the break one that we assume it turns to gold once marvel touches it. not the case here. this is bad number and -- 26 million men, the other numbers that they have in the series before that all in the 50s, and even estimates going in people thought 40, 50 million something like that. a big disappointment once we get down the road and other marvel sequels in here next year, the year after that there are four more coming up. now you are safe to say well, what does it mean for them just a one off. a bad movie and poor reviews maybe --
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>> you know jessica alba. hello. >> stop the -- stop and drop the mic or do something whatever it is that people do. maybe it is a one up that's, obviously, what they're hoping other things that executives have been quotessed to say phenomenon going on here with social media. now with this doesn't happen with every movie i don't know. but in this particular case you get bad reviews coupled with everybody tweeting about it and instagramming about it and this movie is awful. don't see it this weekend and they think has an effect on people but i'm not going to bother and see thing else or go to movies because not only does it get bad reviews in a newspaper or online but my friend tweeted about it. >> wondering if it is franchise or marvel and -- 56 million opening weekend. but again we get used to it slow with the films to make 90 or 100 million and we push our luck and that ant man i've never heard of. my boys did and now we have cockroach man. but they're -- i know they have a lot of
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characters, hereros maybe some are best left not in the bid. >> for cavuto the italian "anchorman." >> now i love that. [laughter] >> or nick, the irish underhero that one had mega star written all over it. >> you have to make a good movie to make people see it. that should be the case, right and sometimes i think people make assumptions before hand that we have a terrific franchise just because we have that put anything out there to see it. >> maybe the group of superheros together they say fantastic four -- >> not so fantastic. maybe maybe something too i'm not into the genera like you clearly are. >> not. >> you're o aficionado. >> you were aware that this is also a fox, though. >> unfortunate isn't it? >> yes, it is. [laughter] >> news to me.
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[laughter] like the time i trashed soccer. >> eric on fox. >> you called it the tecialg movie i reported facts numbers are bad. i have no way of referring it. >> "star wars" -- high expectations for that? >> that one seems to be the one and again maybe this is the time -- that one is one you could throw it out there. everybody will go see it. >> before we talk too much. don't know. that will have a lot to do with whether i like it or not. >> better hold our fire. but if it is not us we're going to come back here. >> "star wars" of course -- >> we talked about that last week. one of us remembered the conversation that we just had. look at the time like carly fiorina and ben carson are gaining with one donald trump. what do they have all in common. those three -- they're all surging. what are they not? after this.
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half hour away from hillary clinton outlining plan over a week ago that she announced a muts tear capital gain tax rate one that would be prohibittedly higher for those who sold their investment higher now doubling on what say is a war on the rich by introducing 350 billion dollar tuition help program that will allow students to refinance the debt they already have college loans they have and encourage states and municipalities to well find incentives to get their state collegings and universities from willy-nilly hiking fees so this relationship does add up to $350 billion over ten year but a drop in the bucket that clinton camp says because it will save a -- default that would run into potentially one trillion dollars plus. no waif knowing that. but we know this. she's about 30 minutes away from outlining the plan. we also know in the latest polls right now that fleets say what
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you will. of donald trump and say what you will of some of these very different characters on the stumple. they are rating and appealing in one survey three of the top five were donald trump carly fiorina and ben carson. what do they have in common? they're not politicians they do not come from that familiar petri dish to serve in the senate or house or having been a governor. that is weird but gop fundraiser says it is a sign of the time and raids that is out there. what do you make of that? >> you know what all i have to say is it looks like what is resonating with a lot of people of the gop is the fact that common sense is in, politicians are out. i think that people are really sick of the canned talking point. the boring pc. i think that they want to save somebody with a pulse. they want to see someone that is hardworking in their field such as a ben carson such as a carly fiorina and a donald trump who is kind of a different candidate
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but look he's resonating and there are clear reasons why these people resonating an that's the fact that they're common sense, they're businesspeople they're leaders already in their own fields, and people want people to take faction not just talking. one of the things that is interesting is not what is happening with donald trump but happening with carly fiorina, and to ben carson. they have rocketed up polls larger than belief. these guys have something to say and found sound especially crazy. they make some cogent points o. carly fiorina turns into the criticism that she's is a heartless ceo loves to fire people. but that seems to resonate with folks who are saying maybe if we go outside of the petry dish we can get different results because same old hasn't been cutting it. what do you make of it? >> well, you're right and a lot of people what carly was on television already saying that her fundraising is starting to spike. which is awesome because this means as a result of the debate
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you're starting to see that, you know, these candidates are making clear inroads to rise to the top and what we're doing is unusual is waiting out almost politiciansing and that people that are rising to the top are not politicians . so this is really -- >> you're running for congress in florida and you're, obviously, aware of what is going on nationally must be something in the water there. same in florida as it happens across the country. do you have to change your messages as you run that you're a different typef person. you've elected a lot of people that people are getting tired of. so how do you answer that? >> well on mine personally, i'm not a politician never has been, always worked behind the scenes raising money. >> for people who were and are. >> right. so i mean i still like some of the politicians i worked for tom cotton and greg abbott i love him but that doesn't have to --
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that doesn't mean that, you know, well i'm not a politician. sew if i couldn't run as a politician neil if i wanted to. so i do think that now is the time like i said what's in is being a common sense l so you're seeings that and you're seeing resonate with people look at these polls look at recent polls even after the debate. i didn't really think trump, you know, i like him personally but i did not think that trump was dynamic or said anything earth shattering or said anything about policy but he's still there. why? because he's in your face, he's common sense he's saying i don't to be pc. so that's why he's still at the top and everyone look at ben carson who is saying i don't really have any experience. but i can learn, and i have a brain. now he's at the top. so -- got to see what people are saying. >> noel thank you very, very much. any business guy running for
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president or woman has to deal with the issue that they're heartless all about the bottom line. carly fiorina ceased on that from days at hewlett-packard listen to this. >> yes i was fired open about that from the day it happened fired in a boardroom brawl because i challenged status quo. here's others that got fired steve jobs, oprah winfrey, walt disney mike bloomberg. i feel like i'm in pretty good company. >> that's what they say going on offense after being on defense. taking it down what do you think? >> i think that's a great way to answer the question that she's faced this knowing that she was going to get questioned about her time at hew let packard that was a boardroom battle not crazy and compare yourself to walt disney and oprah winfrey and steve jobs. the difference there is and you have to be careful because she might not have been a politician, but she is one now and trying to get the gop nomination. these are people who are american icons who actually
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created businesses. and through their achievements they changed america as we know it and changed the way that we live our lives running hp a great achievement didn't go quite that far. >> you can say that she knew this would be the issue that she's fired a lot of people. herself and company in the end had trouble. it has been since reinventing herself but wanted to get ahead of that. fired so were a lot of big loom nares. >> you have courage and grace and fortitude to continue to battle on to continue to try to rub for the presidency after she presidency. even after she was fired. listen i left the smoke of a lot of career crackups behind me and -- neil: really? i'm not aware. >> well, that's for the next but moving right along. but you know, when we know we move on. [laughter] >> but, you know, we move on . the fact that she's continuing >> in effect that she's continuing to fight. by the way hp was a company that went through three ceos >> stress here in her case of what happened there.
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i mean, we can argue over a company in the timing of layout and all but if mitt romney embraced business past controversies with the successes he probably could have saved himself a lot of grief. >> and her record there is revenue doubled with the merger there because of the compact but also also netting in 2004 got back to the 1999 levels. the performance at the end was uneven and there's a brawl. there was a battle that showed her the door. however, it isn't that it was a failure. far from that. so -- >> did she inherit rainbow and sunshine hbo was in troubling and went looking for a cly fiorina is there a record. why they went looking for a laying off 30,000 this a merger with 150,000 people. that's what happens in mergers people like oh, i'm shocked that he laid off people. but that's what companies do.
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>> and what people are -- how she's addressing head on descraight this is my record. >> do you somebody who said yeah i was fired or saying you're fired. >> i see where you're going here. >> meanwhile i have to look into it a little bit more. >> yeah. i didn't last a week in a bookstore i worked at in colorado once. i got fired from like a ruler. >> getting paid now? >> i do -- yeah. >> are you? >> no -- neil: are you getting paid now? >> i do. neil: okay, thank you very let's take a look at the wall we have a big rally going on here despite disagreement among players when interest rates go up. no one is disputing whether they'll go up but argument is when it would have happened but right now it is warren buffett and paying $3700 for a
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manufacture that seems to be going to rebound in energy related issues. see that as it may if you're interested in -- stocks going up versus stocks going down, this is your day. just today but this is your day. all right, in the meenl time we talk about what role a third party could conceivably play everyone tries to corner donald trump on that issue whether he runs as a third party. this guy has a place to do so. gary johnson republican candidate, gary you know what they're saying here that donald trump is setting himself up for a third party run but this time if he were to do so we would have a lot of company, right? >> not only that neil but problematic run as a third party. you can have money in the world and there are rules and legislation that has been passed in states that if you go through the first primaries for example as a republican, all of the money in the world is not going to get him on the ballot in states that --
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legislatively will preclude him from doing that and there's no reason why she shouldn't continue on as a republican because he is leading in the polls. >> but you know even when you go back to 1992 and got 19 bt of the vote he didn't get electorate votes so on that fen if you have a shot of making a popular vote and many republicans argue he took the electorate votes and he took in favor of bill clinton. but be that as it may winning the state out right and picking up up the electoral votes quite another; right? >> well, quite another. in 2012 i don't think most people recognized that there were only four candidates that conceivably could have been president of the united states. i was one of those as the libertarian nominee. yeah, you can run as a third party, but you've got to be on the ballot in enough states to actually win. and as i say very problematic, he can have all the time money in the world
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but it's going to buy him slots in the states whereas if he runs as a republican, exclude him running as a third party going forward. >> governor do they put a limit then on number of third party or extra parties or under perform party, whatever. states have no more than three candidates running for president. how does that work? >> no. not a limit but -- okay. so in michigan, for example you're running as a republican and there is a -- beyond a certain date, i can't tell you what the certain date is, but this applies to maybe 20 states where they set a date that you're in the primary and you're a republican running beyond a certain date, you cannot turn around and be a third party. and he's going to run up against that in many many states to the point -- to the point that he won't
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electorally be the president of the united states. he won't have the chance to garner 270 electoral votes even if he gets all the electoral votes and all the states that he is on the ballot . neil: but i wonder how much of this is driven by -- i hear you. but how much is driven by anger? he feels ticked off at republicans at all he'll do it as maybe a suicidal mission for himself. but he drags down republicans all the better. i don't know if that ever drove you that this was the party that kind of pushed you aside so you said you know what? i'm going to come back as a third party candidate and make your life hell. >> well, i got, you know -- i got boot marks on my ass from being booted out. everybody on stage in 2012 was a social conservative. i'm not a social conservative. i think the majority of americans fall in the category of being fiscally conservative and socially you know i don't care how you live your life as long as it doesn't adversarial
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affect mine. i think most people are inmates category. the fact that the republican party did not allow that representation when that speaks on behalf of a lot of the republicans. personally i got booted . neil: but you use the hiney word, which was very strong language governor. it's always good to have you my friend. thank you very very much. [laughter] . neil: all right. when we come back did that you know it is illegal in this country if you have a drone and it gets within five miles of an airport. so why did it happen four times in just the last three days? obviously that fine isn't changing folks minds. are we sitting ducks for something really really bad? after this
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neil: all right. hillary clinton is speaking in new hampshire right now let the republicans go back and forth on each other on their turf fights and battles not to say democrats don't have plenty of those of their own. but hillary clinton proceeding business as usual this time with a big government idea that she thinks will win over youth support. a $315 billion aid program over ten years that calls for debt relief, the ability for kids to refinance the college loans they already have and incentivize charges stop hiking rates willy-nilly as they have. all the checks and balances in this but removing some of the income with their deductions and that's already the start of nonrepublicans that you can't throw this on the rich. and be that as it may we're about ten minutes away from hillary clinton out lining how she plans to do this and pay
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for this. she thinks it is a generating and poll winner because this has tested well with focus groups. we shall see. no doubt you don't need a focus group right now to see that there are more buyers than sellers. the dow up 231 points, and despite the eminent rate hike, the fact that warren buffett is in these stock markets paying $37 million for manufacturer and others are bout bot for this and oil is doing well finally is the catalyst for a lot of buying toy. medito u well. after the disney bashing that we saw last week on cable that that -- as an institution was dying. we personally certainly hope that is not the case. all right. in the meantime we certainly hope this is not a trend, but it has been happening more often. we have had a lot of these drones that get very close to a lot of planes. four of them over just the past weekend about three or four days and the rule is that
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you can't have any of these things within five miles of an airport, let loan a plane. former trial attorney to the faa and mark, you've got to be looking at this and say this is only a matter of time. what is the punishment every time this happens? i thought there were existing tough rules against this. >> there are, neil. there's clear punishment. the problem is finding the people. you know the reports that we've recently had at newark airp 10 or 12 miles from the airport and it's up 2,000 feet, and the limitations is no more than 400 feet. the problem is tracking down the people who are flying these drones and then prosecuting them. we've heard stories in new york where the police helicopter chases the drone down locates the offender and they arrest them. and the real problem is locating the people. but there are very severe penalties, both financial penalties as well as state
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criminal penalties . neil: i wonder if people know them. a lot of times it's innocent enough it might be a father and son fiddling with one of these things near the airport and they go off course. it doesn't make it any less innocent. it's still a threat as you remind me to planes that might collide with these things. but that's your worry. once it happens it's going to be a lot worse than seagulls in the engine; right? >> that's the real problem. we don't want to have this discussion when we're talking about a smoking hole in the ground. there hasn't been any testing yet as to what happens when one of these drones is ingested into into a jet engine and what type of damage will occur. and i agree with you. i think we're dealing with a lot of people who are perhaps ignorant of exactly what the law is. the faa is trying to be very aggressive on education. the industry itself, the manufacturerrers are incorporating with that, but i think there has to be a doubling down of educating people. i think the ultimate education
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is going to be the effect of arresting somebody very publically putting them to jail and sending the message that this simply can't be tolerated . neil: yeah, i don't think a lot of people know that this is a serious crime. >> well, when you can buy the drone for 2- $300 in the toy store or through amazon . neil: right. >> i think that's the problem really. we're not talking about the helicopter that's beyond the reach of anybody to be able to fly or the $20,000 model aircraft that is dealt with responsibly and flown responsibly. we're talking about something that many people still see as a toy. neil: you're right. you're right. thank you very much. but you have been warning about this. all right. the fact as mark pointed out drones are used by a lot of retailers amazon wants to use more of them. maybe your neighbors are using them for a variety of reasons. jeff flock reporting on a farm that uses drones. but with hardly sinister
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intentions. jeff. >> this is where there's no argument to drones and in fact it does a big service to the farmers they used to walk the farms. and take a look now. putting a drone up and this is a unique year for you to do it too because you've got fields because of the early rains some stuff has been damaged and some is not. >> yeah. we can take airdrop and fly over a field and see where the damaged corn is and do some yield estimates and it will also help us where to put our field tile to get the water off. >> that's drainage for the future reference. now, this is what it looks like and you can see that and now you've got a bad ear. there you go. right next to it, you've got this kind of thing. and this is a run up in prices today; right? corn? >> yeah. it was up about 13 cents at one time and i'm not sure where it's at right now. but this is a reflection of it. >> take a look neil, i've got some still pictures of helicopter fly over of some of
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the grain belt and you can see pretty clearly that while you've got some corn that has really benefited from the intense rain that you got it looks great others all brown yellow it looks horrible. >> yeah. a lot of yellow corn that nitrogen has been lost and, you know, the plant can only take so much water before it literally drowning. >> well, there you go. lastly i leave you with the state's hardest hit. watch those corn prices coming up. indiana, 25% of the crop poor or very poor. kansas also troubled, we might start to see a run up in our corn prices and i tell you. we've got a better eye in the sky than we ever have, neil, in terms of finding out where the problems are and what's going on. neil: amazing. jeff, thank you very much. jeff flock drones that do some good, at least quick urgent notice to crops and fields that might be damaged. all right. we are seeing a sudden and will likely see a sudden surge. what if i told you a lot of that had to do with the
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judge's ruling for intention center that we supply for legals. the approach to raining in illegals that is going to prompt more illegals. i'll explain after the break
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neil: you know, happened back on july 24th. a judge saying way we detain illegals is wrong. it is long, arduous process and conditions aren't great. so this judge effectively said you know what? this detention thing stops. that prompted opposite response here from illegals flooding the border now to get in while they can, for fear that if they bring their kids with them. they can use them essentially as human shields to stay protected in u.s. and other facilities not in the detention centers and clock is running out to do so. they're rushing deadline.
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former house majority leader tom delay on unexpected surge in illegals as a result. that is expected, tom, as you know to escalate rather quickly. what do you see happening? >> i see happening is a huge signal sent to central america that basically says, if you ever want to come to the united states you better come now because there is confusion within the department of homeland security. the president violating the law by executive order. you can come here and get on welfare benefits, even on non-profits are reaching out lately people are looking, understanding what sanctuary cities are. i mean, it's all out there. and, the signal is, come on tonights. we may catch you but we'll release you immediately. you can go a simulate into the background. that is what is going on here. neil: these detention facilities are ruled illegal or unfit there are other venues you could stay here. you go to detention facility in
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the past which meant you eventually are shipped back home. if there are none of those facilities you have other options, right? >> particularly if you have an administration that doesn't want to deport you. wants open borders. that is what is going on. they understand that. unfortunately the american people don't seem to understand it. or they would be demanding from their elected leaders enforcement of the law. that is all that really needs to be done here. enforcement of the law. neil: who are the candidates -- donald trump made this one of his signature issues. it explains his surviving a number of controversies in the polls because this has been his issue. he has been relentless on it. is he capitalizing on that rage or what? >> oh, sure he is. neil, he is capitalizing on what is out here in the real world. you know, i'm out here, outside of d.c. and new york and people i'm happening around with, this is confusing, even rush limbaugh today said it was confusing to
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him about what is going on. trump understands it. looks like in a poll cruz, carson and fiorina understands it. the american people have had it. they're fed up with what is going on. and many of the people speak the same language as donald trump has been speaking. so they relate to him. the pundits and probably half of the republican candidates just don't get it. neil: if the establishment isn't getting the magnitude of this, and there is all of this, this is the problem, you don't see it as a problem, back and forth. isn't that dooming republicans? >> no, no. i guarranty you, right now you've got republican candidates, about five or six of them. that are i think really start appealing to the american people, where they don't want to go to govern, they don't want to get along. they want to throw a bomb right
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in the middle of washington, d.c. that is what people want to hear. neil: a lot of people feel that is what trump is thinking, if the republican party doesn't treat him well, he might run as third party candidate. what do you think of that? >> that is an excuse. donald trump will do fine. i don't think he will be the nominee because when he really starts talking about issues, because nobody knows what he believes in. we don't know, once people start finding out what he truly believes in, they will probably go to other candidates. but that is what i'm seeing right now. neil: all right. we'll watch, very, very closely. tom delay, great seeing you again. >> thank you, neil. neil: quick peek at corner of wall and broad. dow up 225 points. those that didn't think the dow had strength were being eased of that notion. those that doubt hillary clinton couldn't come back something big and grander than capital-gains tax, putting tories, a big plan to help those behind on college
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bills and looking at prohibitive tuition costs. one she says will cost 350 billion over 10 years, will be well worth it. besides most americans won't have to pay for it. just fat cat rich. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? hi my name is tom. i'm raph. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom.
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don't let unanswered legal questions hold you up, because we're here we're here and we've got your back. legalzoom. legal help is here.
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neil: all right. 350 billion bucks to solve nearly $2 trillion ticking time bomb. that is the way hillary clinton will outline her plan to deal with the college tuition mess that has become a escalating
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finance nightmare for students families and recent graduates. she proposes giving them freedom to renegotiate pricey student loans and giving states powers and incentives to police state colleges and universities to make sure that those prices don't go running amok. easier said than done. cost of this will be born by the well to do. will see their deductions limited which is effectively hiking their taxes. former governor frank keiths of the fine state of oklahoma has seen this before. mercedes schlapp is wondering why hillary clinton is not looking at other options besides colleges and trade schools and the like. first to you, governor. you have seen and heard this before. she will come back and argue we deal with this now this way or we'll have bigger problem down the road. what do you say? >> neil, i think it is important to have the conversation because it is serious business. obviously, mrs. clinton's $350 billion over 10 years is not bus fare. the question is why are we
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doing? at the state level, when i was governor in my state if you're very low income individual, we provide effectively a free college education. community colleges are very affordable. by mrs. clinton's own statistics, neil, the average four-year public university is anywhere from 4 to $14,000 a year. that is very affordable. i think problem is where are guidance counselors with kids in high school or in college advising them to go to expensive schools? there are a lot of schools that give degrees simply will not provide you an opportunity to earn a living. yet people, pay 40, $50,000 a year for these schools. neil: that is your point mercedes. there are options out there nothing to do formal colleges at all. explain. >> exactly right. we have trade schools, when you look at prices it is much less expensive than going to four-year college or university. talking at trade schools 33,000, versus getting college
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degree about $127,000. i mean in the mere fact is that the students out there shouldn't be a cookie cutter system we need to provide support for trade schools that provide technical skills especially for us to compete in the global market can. we need to make sure we have technical skills available. and that the students actually know that they're able to have a different option. we need to -- neil: do the same thing, just different ways? in other words, if we extend aid, colleges increase their tuition and room and board. how do you stop that cycle governor? >> neil, your point is very important. $1.2 trillion in student loan debt, household formation, i bought my first home at 27. now it is 37. people are really in debt. but the problem is they're getting into debt for no good reason in many cases. so what's important is debate and discussion. make sure you don't sign on the dotted line unless you know what you're going to do.
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obviously, $350 billion is going to do nothing but inflate the cost of higher education. let the states handle it. we've done a pretty darn good job to date. a conversation is great. no conclusions like this or solutions like this quite yet. neil: mercedes, can republicans afford to be the party of no on this? what do they have to offer instead? >> no, absolutely not. candidates should be taking a very good look at what hillary clinton is doing and being very proactive and putting out a plan to reduce, make college more affordable. i think for the gop candidates it is their time to deliver what their policies are, what their plans are to make college affordable. this is an issue that as we know is impacting those that are graduating from college. many of them are living at home with their parents. we have to get to a point this generation is up off from the couch and working, making sure they're able again to compete in our economy and, i think also, just, not only through colleges but knowing that there is
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different options for these college-bound kids once they fraught. -- graduate. neil: guys, thank you both. we'll monitor hillary clinton's remarks. see if she spells out any of the concerns you both raised. you probably heard about the president's iran deal. he is concerned rejection of this hurts his credibility, not so much as a nation but his credibility. but you do have to wonder when those who oppose this deal, their trifle with the administration what happens to them. chuck schumer is finding out the hard way. yeah, chuck schumer. loyal as an alley ever could want and disagreeing on this deal. boy, has he been put through the ringer.? after this. r. using ge software, the light can react to its environment- getting brighter only when it's needed. in a night it saves a little energy. but, in a year it saves a lot. and the other street? it's been burning energy all night. for frank. frank's a cat.
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usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. online and on the usaa app. >> fox business brief time. i'm connell mcshane. back with you with that. stocks are up today, we know that. all the green on the screen next to me. 200 plus point advance. twitter is up more than most. the stock is really surging. founder and interim ceo jack dorsey is buying more shares. when you see that from an executive, that is seen as sign he is confident in the company's future. naturally dorsey announcing all this in a tweet, how else. investing in,@twitter's future. he was buying 30,000 shares. that is $875,000. dorsey is all-in.
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former ceo dick costolo is leaving board. twitter signing a multiyear partnership with the nfl to deliver video and other content to football fans. a lot going on with twitter. stock is up 7 1/2%. broadly markets are up all day long. neil back after this.
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neil: welcome back, everybody. i'm neil cavuto. you're watching "coast to coast." we're getting word from the
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white house the president plans to host a fourth and final nuclear security summit in 2016. it will be march 31st through april 1st at waller e reed washington convention center in washington, d.c. is this modern day effort to rein in and watch nuclear stockpiles around the world. comes at a time when there is controversial deal with iran on the line. we have a former assistant secretary of defense to donald rumsfeld on timing of this. the summit is pegged along with the timing, certainly with this iran deal that looks kind of shaky. what do you make of all this? >> well, i'll tell you, neil the president's really trying to pull out all the stops to make this convincing, to try to win folks over. i don't think he is being very successful, but i don't know, if there is going to be enough resistance to stop it. but when chuck schumer weighs in against it is telling you there is something flaky here. neil: not a lot of people read
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different things into chuck schumer's position. that he didn't want to rattle a lot of his backers. maybe it was a move of conscience but he also knew the votes were not there to override an expected presidential veto. so he was able to have it both ways. thinking as well with congressman eliot engel as well, both against this deal. what do you make of that? because the reason why i don't quite buy it is, if that were the case the administration wouldn't be ripping these guys the way it is particularly schumer? that is pretty weird, don't you think? >> i agree. i understand them them playing both ends against the middle. you're right, the response to the administration against a guy so solidly an ally on some issues to just threaten him, i mean this is like major league chicago-style bullying. neil: which makes me ask, steve, a noted democrat on the fence, aren't you looking saying, this
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is how he treats one of his most loyal allies i'm against this thing? >> that is probably the president's intent, to make sure nobody else strays. it is really unseemly. neil: yeah, but it could work against him, right? be careful how you treat your friends because not so friends will remember it and say, i don't like that? >> i think the president's reputation in this regard is pretty much set. he doesn't like anybody to cross him. if you do, there will be a price to pay. neil: will that be enough to keep votes under veto-proof majority? >> i sure hope not but it is very possible that it might have that effect. neil: wow. steve, thank you very, very much. steve bucci. a quick look at the dow. as steve and i have been chatting, it is up smartly. what if i said this is all about warren buffett? i'll explain right after this.
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neil: taking a look at these markets. dow north of 232 points. a lot of people say there are other factors but chief among them is warren buffett. who knows that guy better than liz claman who will have him on a little over an hour from now. >> 3:00 p.m. eastern. neil: big deal. dagen is here. connell is here. the big deal is this boring aerospace -- >> i fell asleep. neil: he obviously found great value in it, right? >> i will never forget once, he and charlie monger who has been his partner for 5,000 years. wall street hates us. they think we're slow and stupid. they may be slow but they take their time. this is exactly the kind of company, precision castparts which he just bought, biggest
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purchase ever, neil. 32 billion. neil: what does he see in it? >> he sees in this one company very top of making airline components, fuselages, all these things that go into airplanes that boeing and airbus buy. alongwith about 20% in the oil and gas industry parts that is hard business to start up. the competition is not exactly nipping at his heels. neil: people look at this, they say, warren buffett believes in a big deal in this market. we do, right? >> absolutely. to liz's point, this stock over the last i think five years has underperformed s&p 50030%. weakness lately because of the because of oil business, pipeline business. extremely high barrier to entry. what a great american company to own, right? it speaks to the health of the global economy because he is making a huge bet on the airline industry. >> the question that i'm sure, you guys will talk about this when he is on, question of price is kind of interesting, classic
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buffett would be, buying undervalued asset he may be doing here. paying a fairly healthy premium. >> bought it 235 a share. around it 31. which indicates he -- 231. he may have overpaid a teeny bit but he doesn't same to mind. that is excellent point you bring up. if he overpaid -- if he underpaid, rather, he would match that and competitor could come in. neil: do you see stuff like that, when he moves reaction in that stock that day or is he much, much longer? >> oh, my gosh he will not look at it for five or six years. i would argue he is a tough boss. he reamed burlington-northern his railroad a year ago, saying you guys didn't do the job you were supposed to do. set inup. fix the situation. they were hit by a slowing oil sector. they ship a lot of oil. >> he has sharp elbows. everybody that made this kind of
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money probably does. at least the dow is up. people look at this and say he is into stocks right now but he isn't, neil. don't misinterpret that. he is into that stock. neil: interesting. >> but does speak to airlines have been extremely hard-hit this year. >> look at them today. >> oil and energy very hard-hit lately. this is a bet on those two very industries. >> that makes him more diverse or makes the company? >> he now has 10 companies that could make the fortune 500 under his umbrella. 10. neil: is that right? what drives him now? he is 140 years old, right? >> he will be 85 in three weeks. think of other 85-year-olds you know. some are slowing down perhaps or thinking i could take it easy a little bit. he is sitting there in the bathtub coming up with ideas. >> where? neil: that is where, so that's true. >> that's where i caught him this morning when i called. neil: whoa. >> come on the show. neil: pmi. >> we love you, love him, but
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that is a little creepy. neil: did you guys make anything of conflicting reads from federal reserve guys. one said, maybe not so soon. still on? >> i think it is on. >> they need -- >> this year. maybe not -- >> they need to go ahead and move. you know what? the market will do -- not have any reaction because we need them to go ahead to make the first step. neil: teased it enough, right? >> today seems to be more we're down seven days in a row. china had a good day. >> you know what? warren buffett said to fox business in february, if i were running fed it would be very hard to tighten rates. jack welch said same thing to you. janet yellen is telegraphing this year, this year. i think she feels pressure. neil: need to do that for their own credibility. >> they need some ammo in the gun. said that before. neil: look forward to that interview, liz. maybe you recount the whole bathtub -- >> get him to do the interview from the bathtub --
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neil: still waters run deep. warren buffett with liz. coming up over an hour from now. that is pay-per-view event. meantime we have the chart of the day. just trying to gloss over what dagen just said. we have got a chart of the day for you. all i'm saying has to do with carly fiorina. that is all i'm going to say.
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>> it is the chart of the day. neil: you know how we love charts. we seek out those that tell entire story. they don't always have to be market-related. certain phenomena around carly fiorina. ever since the debate you see a spike in google searches for her name, finding out what she is up to. that happened post the debate. apparently beforehand, no one was interested in her. no one was searching out what she was about. post the debate, has been a lot. looks like geiger counter.
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we would zoom in on the to see whether pronounced up tick. you can see since the debate more people are googling carly fiorina, what she did at hp, her whole story, running for senate. that chart illustrates her beautifully. ashley, i subbing for trish, i don't think you can top that with charts. >> the intelligence report, put my name against it. sittings in for trish regan. investor -- all three major indices climbing higher. nasdaq, s&p, up more than a point. oil by the way up nearly 2%. this rally comes on the heels of a seven-day losing streak, the longest for the dow in four years. but my, oh, my, what a monday. what a way to kick off the week. adam shapiro on floor of new york stock exchange.

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