tv Cavuto Coast to Coast FOX Business August 12, 2015 12:00pm-2:01pm EDT
12:00 pm
and now we find out from judge napolitano that the fbi already has the server and three thumb drives as well. this is rapedly developing and very serious story for hillary rodham clinton's campaign. my time is up. neil cavuto, it is yours now. neil: stuart, i think far more of a big deal uzbekistan airlines canceled my flight. i will never fly them again. just saying. welcome i'm neil cavuto, you're watching "coast-to-coast." and the sell-off at corner and broad. it is escalating it is all china, big chunk of it, connell mcshane on the sell-off that won't give up. >> here we go again, neil, same thing yesterday and throughout the day yesterday, money moving out of stocks into the traditional safe havens, treasuries and gold. if you're looking to the stock market for strength at all, hard to find, utility stocks safe havens because of high yields and you're right. this is all about chinas at market gives up gains for the
12:01 pm
year. we are blaming the chinese as they let currency weaken some more, as we talked about yesterday that makes goods cheaper overseas but reminds us all how weak the economy is. the chinese market, and changes the market conversation, neil, we're now asking what will the federal reserve do with this information? some people say that the chinese are effectively doing janet yellen's job for her with the move on currencies leading to a stronger u.s. currency. u.s. dollar like an effective interest rate hike, so does the fed need to move? does the fed need to move and raise interest rates in september? that's the big question with the market declines. neil: ironic in all of this is that the idea behind this currency rigging or whatever up to the call it, the chinese are doing is meant to stabilize things, not only for companies but extension of the markets, they've had anything but. >> they've got to be careful. the slippery slope for them.
12:02 pm
they want to make goods cheaper overseas, weaken the economy, people say why do i want to have money in china at all? and then there's the worry that makes things worse than they already are. it rattled the markets because it was unexpected. >> they broke their word yesterday, that's it, we're done, and followed up on it. it is a mess, thank you, connell mcshane. the mess of politics for hillary clinton, the drip, drip, drip moves on, this has to do with the server story in government hands. the question is what is on the server and how much does this hurt a badly damaged hillary clinton who in new hampshire polls trails and not just by a little bit. blake burman on the controversy that is growing and growing and growing. >> reporter: good afternoon to you. hands on a brand-new poll, a few pages long. i've been poring through it from monmouth university. interesting here, the people who were surveyed were asked, do you think hillary clinton should be subject to a criminal
12:03 pm
investigation? 52% say yes. that includes just about one out of every four democrats and more than half independents, and when asked about whether or not they've heard those who have been surveyed in this poll whether or not they have heard about the whole e-mail scandal, 61% say they have heard about it a lot. i bring that up because i went through the "real clear politics poll"ing average for you neil just a little while ago, before today, there were 140 total polls nationally with hillary clinton iowa and new hampshire. she was 140 for 140 until that new hampshire poll today. here it is. let's put it on the screen real quick. you can see bernie sanders in this poll is holding the lead in new hampshire by 7 points. the first time hillary clinton trailing in any race. and in march, that same polling company that comes from the boston herald, and their march
12:04 pm
poll she was up 39 points, and back then in march, the headline was voters seem unfazed by the e-mail scandal. fast-forward the clock, especially what we are getting here with monmouth university and my, oh, my how things have changed. neil: before this came to light and moving the server into government hands, mess, mess, mess. good seeing you, blake. judge andrew napolitano was the first to say something like this is more than just political here. for one thing it is unprecedented. essentially the government now able to rifle through a server that makes the situation even more ominous, right? >> neil, she brought this on herself by deciding to divert 100% of her e-mails from a government server through her own server. that is a diversion of government assets, a potential crime. the elimination of 33,000 e-mails which belonged to the federal government, that's a potential federal crime.
12:05 pm
the crime that will bedevil her the most, the potential crime, that has turned up the heat on her most severely is the revelation last night that among a sample of 40 e-mails by the inspector general, a neutral inspector from the state department, he found four classified. of the four, there were two that were top secret. this after as she insisted there were no top secret materials on the e-mails. neil: just more sensitive? >> three categories of secrecy under the federal statutes. top secret means if revealed would cause grave harm to the national security. secret means if revealed would cause serious harm to the national security. confidential means if revealed would cause some harm. general petraeus was charged, indicted and convicted of having confidential, the lowest of the three in his home.
12:06 pm
mrs. clinton accused of having top secret materials on the server in her home. neil: can she plead ignorance? by that i mean this was going on for a long time, almost right from the get-go. that she was ignorant of the i.t. details what you have to do and not do and that will be the extent of it? >> no, ignorance is not a defense, and an accidental revelation is not a defense when you are secretary of state, when you are accustomed of dealing with these, briefed by the fbi how to tell when something is top secret or not, and when you have certified under oath everything is top secret. neil: why did she hand this over? >> the fbi came calling. she made a mistake in handing the three thumb drives which supposedly have all 88,000 e-mails on them. even the 33,000 that were deleted to her lawyer. an honorable lawyer at an honorable law firm, but lacking
12:07 pm
security clearance himself. neil: why did she do that? that would strike me as a big no-no, and i'm no legal expert. >> i don't know why she did. that perhaps the lawyer thought we'll get pressure off of you and put it in the firm safe. the state department said there's no problem, he's securing it. the fbi said are you crazy? he doesn't have secured clearance. so the fbi came calling. give us the thumb drives. at the same time they came calling on chappaqua. give us the server and now they have the three thumb drives and the server. neil: and in signing that over done with the clearance reminder that anything you say and are signing onto here is done with the strictest of penalties, right? >> well, look, at the same time this was happening to her a federal judge appointed by her husband was admonishing here, where are the e-mails? you must certify under penalty of perjury where they are? while she was make the
12:08 pm
certification and without telling the judge the server and the thumb drives were in the possession of the fbi. >> i think they call that bad. >> i call it grave. her legal problems are grave. i don't know how this plays out politically. this is beyond the attitude that a democratic president appointed democratic prosecutors. this is in the hands of professional fbi agents who are not -- who are not democrats or republicans and professional life long prosecutors in the justice department who are not going to be influenced by politics. neil: but there's a lot we don't know hinging on what's on the serveer. >> correct. neil: for now it doesn't look good but no firm indication of the legal activity or deliberate malfeasance on her part, right? >> the only thing she did deliberately was to take away from a government venue that which is top seek sxret she's obliged to know that which is top secret. neil: this is not helping the
12:09 pm
former first lady, secretary of state, when it comes to these polls. i have long argued before any of this came out that she was a -- looking good from afar candidate but far from good as a candidate. some of you might recall some of these statements. i'm willing to wager a double quarter pound or it. she will not be the nominee. stick a fork in her she's done. hillary clinton is done, she will not, i repeat, she'll not be the democratic presidential nominee. she will not be the democratic nominee. neil: all right, katie pavlich, based on when hillary clinton is not a lock for the nomination. katie to you first and whether distance is building beyond belief for her. >> so many food references, neil, it's lunchtime, you are making us hungry. neil: that's how i operate, young lady. >> that's how you roll. this is a huge problem for hillary clinton and democrats made a huge mistake by saying
12:10 pm
that she's the inevitable and not having a backup plan. bernie sanders jumped into the race as a rogue candidate and pulling in more support now than barack obama had at the same time when he was running against hillary clinton in 2008. that poses a huge problem for her, in politics, momentum matters. hillary is losing in new hampshire losing ground with bernie sanders and joe biden is looking to get into the race, and they don't have a lot of answers to the criminal zgz going on and the issue of turning around trust with the american people and voters. neil: looking into all of that, prior to the revelation the server and everything else being turned over and the fear it could get worse before it's already bad. she has been slipping in the polls. but i could also pause it she's slipping at the right time. it's still early, she has time. what's the read you're getting? . >> well, i don't know, if you compare her run now back to
12:11 pm
2007 and just look at where she was. she was ahead of her candidates, katie, talking about this. she was ahead of the democratic primary opponents and slipped. she lost to barack obama in iowa and going into new hampshire that was the state she won. this is her moneymaker, new hampshire and trailing bernie sanders? these polls don't look good. especially now. neil: you are right. katie, one of her supporters was talking to me and saying something to the effect remember bernie sanders is from neighboring vermont. that was the first time they could remember hearing someone pause at the possibility that she loses there, and that she would be facing a candidate in his hometown crowd. i thought that was weird. neil: well, she absolutely could lose there, and look, polls change and candidates go up and down both sides of the political aisle, but here's the problem, since hillary clinton left the state department with approval rating of 70%. she's only nosedived, it's not like she's staying in this
12:12 pm
category of moving up two or three points here and there. she's significantly gone down in the polls, and again they don't have an answer when it comes to turning the polls around. when she does the interviews, she gets herself in more trouble with a media that hasn't been so hard on her. they don't have a response to the following poll numbers and the trust issue which is killing her right now. neil: on msnbc, they have problems with her arrogance, paraphrasing here. well, you got trouble. >> right, there are leaks in the hillary ship and they need to plug these polls. this comes out of her poll numbers, her unfavorability rises every time she steps in front of a camera. head turning challengers in the democratic primary. bernie sanders is take advantage of a democratized media. hillary clinton, the press shop can't control the press where you once could. bernie sanders exploding every day beneath the radar and is going to overflow crowds.
12:13 pm
martin o'malley complaining about how the democratic party is treating him. the democrats are in disarray and this is a symptom of the fact that hillary is not going to have a coronation and everyone thought it was. now she has challenges from the left and possibly going to result in a race that your bold prediction could be true. neil: it's killing both of you, isn't it? thank you guys, very much. way too early, in a mainstream media world, everyone is focused on the republicans, dysfunctional race and the infighting, it is officially worse than the democratic side. keep an eye on it for you and the sell-off. there is good news they want to relate because when someone is selling in one area, they are buying this another. amid a freefall, putting faith in the full credit and confidence of treasury bills, treasury notes, treasury bonds, they are commanding a great deal of interest. that is lowering the interest rate, 2.9%.
12:14 pm
if you do the rough math that translates into something like 3.7%. 30-year fixed mortgages. so if you are inclined to be buying a house right now, the good news is your rate has gone down, the bad news is the money that you were going to pay for it, stock gains were less than wiped out. more after this.
12:17 pm
. neil: all right, everyone, we are now officially underwater for the s&p 500 on a crazy and volatile week. china is the big culprit here. the irony is china's actions to control currency to forcibly bring it down to forcibly help businesses to forcibly compete on the global markets is forcing them to bite them on the hineies. the same multinational concerns
12:18 pm
in china are taking it on the chin on the shanghai composite. and worse, the very markets that i hope to do business in are taking it on the chin. this is a double no-win, and something craig smith says we could have foreseen. craig, your argument is any time any government tries to step in and forcibly change market forces it rarely ends well, but no one ever learns, do they? >> they really don't, neil, and my favorite saying is the government can mess up a one-piece puzzle. that doesn't matter which government it is. i find it fascinating that the chinese have dropped their rates on the yuan by 3.5% in two days, neil. that's not controlled. and, of course, they did it because they saw an 8.3% drop in exports and 6% drop in factory output. neil: then the markets would have reflected that, right? the markets would have then eventually said, hey, economy is slowing down, we're going to take it out on your currency.
12:19 pm
>> absolutely. and you allow the market to do what it's supposed to do. it inhales and exhales. it's a human being. when you manipulate it, it causes problems. neil, i'm stunned by the naivety when i hear about the economic and political impact of this. does anybody remember tiananmen square? and look at the areas around it. malaysia ringgit down huge, indonesia rupiah down to 1998 levels, neil. long-term credit management. does anybody hear that ringing in their head and clearly this is a mistake on behalf of the chinese. they think that they can overcome the global slowdown by make products cheaper. neil: craig, they lied just yesterday. they said we're done. this devaluation about 1.9%, we won't follow up. what do we discover this morning?
12:20 pm
they follow up with another devaluation. it's one thing to lose the market's trust and to ad insult to injury, you don't make friends that way, do you? >> no, you sure not. especially not in the region. if you look at the asia pacific region. take a look at a couple of our american companies. apple gets 27% of global revenues from china. intel gets 36% of revenues. yum brands gets 50% of revenues from those areas. they either have to take it on the chops in the currency exchange and lower revenues or raise prizes to make the same amount of money. neil, this will backfire on the chinese, i don't believe the drop in the yuan is over. i think there is more to come. and those people who are naive enough to believe we're not in a currency war just yet, they are totally wrong. we for a full-blown currency war, and it's going to get worse. neil: the countries say no, no,
12:21 pm
if you rig yours, we're going to rig ours. that doesn't end nicely. craig smith, press on, as always. thank you. >> thank you, neil. neil: china, if the numbers look good, saying things slow down to 4, 4.5% growth. if things sound too good to be true, i know i keep repeating this, you should question really? really? because now the chickens are coming home to roost and so are they for alibaba. shares down 5%. yahoo! also taking it on the chin. so this issue is now spreading to all sorts of issues and it is now weighing on our own markets themselves. now in negative territory this year. more after this.
12:23 pm
i hate cleaning the gutters. have you touched the stuff? it's evil. and ladders. sfx: [screams] they have all those warnings on 'em. might as well say... 'you're gonna die, jeff.' you hired someone to clean the gutters. not just someone. angie's list helped me find a highly rat ♪ everyone can shop, but members get more with reviews, live customer support, and better pricing. come see what the new angie's list can do for you.
12:24 pm
12:25 pm
to treasury notes, the 10-year treasury note. reason i show this one, yield sunk to 2.9%, most mortgages of the 30-year fixed are pegged to that baby. here's what that could mean. 30-year fixed-rate mortgages back around 3.7%. remember not too long ago when interest rates jumped over 4% and everyone saying, well, you missed your ship that came in and went. well, it just came back. so for those looking for a home and to refinance the one they're already in, could this be the half full glass of what has been emptying out of stock market values. not aggressively helping home building stocks and the rest, but they on a percentage term are down less than the overall market. so we're keeping an eye on that. if you were inclined to buy a home or waiting or dithering when to take up that mortgage, you would have had an opportunity many thought wouldn't come your way again. i like to pause at that in the middle of a sell-off money
12:26 pm
comes somewhere, folks. usually doesn't all plummet. keep an eye on that as well. take a look at new hampshire. you might have heard there's an election coming up. john kasich is at town hall in derry, new hampshire, he benefitted from last week's big debate to. many club for growth and others he's in the top five candidates keeping an eye on, not exclusively. but others say he is among those you want to keep an eye on. the club for growth had an issue with medicaid expansion and the rest. but he has certainly helped himself immeasurably from the debate performance and he's a fast riser. we'll be watching him. everyone is focused on this guy, donald trump and what he means to the race. we know about the controversies that ensue. i want to focus on the fact the guy is rich, obscenely rich, you know he's a billionaire people argue how much of an billionaire. it's a lot of money.
12:27 pm
the irony is that with all of that money, he's fairly cheap when it comes to this race. he really doesn't require much in terms of political ads and hasn't taken that many out. so he's cheap guy running, and right now he's running in the lead. political reporter rebecca nelson says it's because he's got that name recognition and he can just market himself for free. it's a good point, right? but he is benefitting from that alone because he's not spending anything, that's fuel for trump one. >> right, exactly. we all know that he has the money to spend for a political campaign, a real presidential campaign, but to a certain extent, he doesn't need to. he is still dominating in the polls at 32%, in second is jeb bush, 20 points behind him. why spend the money if you don't need to? he's a smart businessman if nothing else. neil: yeah, i get the feeling if push comes to shove, he'll spend it, i think at an iowa
12:28 pm
crowded pulled pork event, he got 1,000 pulled pork sandwiches, i don't know how much they cost. that is one thing he spent on. that would be loose change in his pocket. he has a mighty arsenal and gets leeway that other candidates don't. on the sunday shows, he'll phone in, a lot of them request that the candidate be there in person. not donald. >> right he relies on the cable news appearances or call-ins because he doesn't need to spend the money, doesn't need to spend the money on tv ads. he has the name recognition. the 92% of republican voters or republican-leaning independents have heard of trump. so again, why spend the money if you don't have to? neil: you are almost taking an exact line out of the art of the deal, the book which he's most famous. to paraphrase here, i'm not going to blow a lot of cash when i don't have to. he doesn't have to.
12:29 pm
thank you very much, rebecca nelson. >> thanks so much. neil: in the meantime, focusing on the iran deal and what happens and whether the president will have the support he wants or avoid a veto override. here's the deal, when it comes to iran, it is a much better deal for iran than we thought. 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?
12:30 pm
hi mi'm raph. tom. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. 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. at ally bank no branches equalsit's a fact.. kind of like mute buttons equal danger. ...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.
12:32 pm
12:33 pm
lose of the day and the s&p 500 sell-off so much that it put it into negative territory for the year 2015. the 8 of the 10 sectors are under pressure after all the news from china. take a look here, financials, e-trade down over 4%. we're also watching bank of america, schwab, down 4%. telecoms under pressure, level 3 communications and utilities, the safe haven of utilities have up arrows, china devalued currency two case in a row, selling on wall street, selling in any company that has exposure to china and the safe havens flocking to the treasuries as neil told you, the 10 year bond, 2.09%. neil: incredible, nicole petallides at the new york stock exchange. david asman on remarkable developments on all chinacentric and government
12:34 pm
bailouts, we can't be the ones judging them, what do you think, dave? >> china trying to catch up with what the fed is doing, the european central bank, the japanese, they're printing more money. if you are holding chinese assets right now you're losing money. if you're betting on the chinese market to grow, the middle class to grow, you're losing money because the middle class is a devaluation hits the middle class, they lose their savings overnight and lose purchasing power with their salaries. so this is going to diminish the growth of the middle class. that means the people betting on china and a lot of those folks are on wall street losing. neil: the irony is that this is meant to contain what will happen by market forces, anyway. >> this is their move toward being more free market. they have controlled and stabilized their currency for the last 20 years. more so -- neil: and letting go gentry. >> now gently letting go and everybody is talking about the sky falling and freaking out.
12:35 pm
you can't have it both ways whaushgs saw this morning is a devauflthz devaluation of the currency. neil: is that right? >> yeah, and then this morning, you had the central bank tell the local banks to sell dollars to prop up the currency. so china -- neil: when they say sell dollars they they shoot you if you don't. >> right, and they're trying to boost exports. >> that's the problem, they are still in command, it's a communist government. insider's game. while the middle class got hit with the devaluation, they lost the value of savings. the insiders got out before it was announced and you can't do it in dribs and drapes. 40% in one day. if you do it in drips and drapes, there is a currency trained, there's the new rules which they may shoot people who try to get rid of the yuan. neil: are they short selling in
12:36 pm
the market? >> absolutely. there is a point in the middle of july that more than 90% of the stocks were not trading in china because they were trying to prevent in any which way they could. neil: do you think the whole thing is cascading, story book market economy is revealed? >> i think what happened with the first devaluation of the currency, it was a mega horn to the world that our economy is weak. you saw 8% drop in exports, that was enough. this rattled global markets. >> it was a move of desperation. no question about it. >> you know what? now the entire world is holding its nose because a lot smells bad. >> they own stock in the company like alibaba or whatever or betting on the middle class growing. the middle class is not growing with devaluation. >> a lot of the companies sell into china. >> not selling much. >> whether it's steel companies, luxury goods makers, everybody. >> or chicken. >> or chicken.
12:37 pm
the biggest importer of milk china is. >> you know how much a pound of duck costs at walmart in beijing? 99 cents. >> you don't need to eat duck, it's very fatty, dave. >> oh, i like it. [ laughter ] >> you were talking about cheap steaks. neil: that was my take. >> barbecue, you didn't know how much a barbecue sandwich was in iowa. >> i bet you it's a buck 99. neil: a thousand of them with donald trump. he spent about 2,000. you go, trump. take a look at this. these guys are talking, the market comes off its lose. i will keep them here. alan west joining us on another country raising eyebrows. this one iran, and this one getting business deals before we had a deal. particularly from europe. so me thinks, colonel, they are looking forward to continuing to do business if not with the united states, certainly with
12:38 pm
some eager europeans, what do you think of it? >> you are absolutely right. pleasure to be with you, neil. when you had the united nations security council unanimously endorse the joint comprehensive plan of action, the iranian nuclear deal, that gave a signal to many european businesses that those markets were going to be open. and furthermore, have you already seen china talking with iran about iran purchasing fighter jets in china in exchange for oil from iran. you will see the oil markets open up. and we're talking about the number one state sponsor of terrorism in the world and also a country that has immense human rights violations but we're about to make them an economic power. neil: despite your warnings and fears and they were well telegraphed in advance, i think if we were to reject this deal, the iranians don't care, now since the u.n. security council voted for unanimously the likes of france and germany will
12:39 pm
resume business, lift sanctions with this country, and they're back in business, right? >> they are back in business, but the thing is the united states of america needs to stand on principle. and we can do exactly what we did with south africa when they had apartheid, we can look at instituting sanctions against countries and companies doing business with iranians. neil, the economic boom that is going come to iran by way of the billions of dollars of unfrozen that's not going to get on enrichment of the quality of living of iranian citizen, that's going to go hamas, hezbollah, the houthis and don't you think it's interesting general soleimani was in russia talking about arms negotiations. >> you are right about that. i always learn a lot. thank you very much, my friend. >> thanks, neil. neil: want to bring your attention to gas prices with
12:40 pm
the tumbling oil prices, notwithstanding, you can get a gallon of unleaded for $2.59 that is the average in tennessee and south carolina. it's well under two bucks. what if i told you as great as that is and oil prices tumbled. it's over. you missed your chance. fill up now. with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet?
12:43 pm
. neil: all right, we've got oil prices ticking up a little bit. what is that about a penny here? they're trying reverse what is a super slide in oil prices here that's translated into very low prices at the pump. if phil flynn is right, i don't remember him ever being wrong, the party is about to end. and phil, you say really end. explain. >> really end. you know i feel like rose an, rosanna anna dana for low oil prices, we have refiners, refining gasoline at a record
12:44 pm
place and keep up with record demand and it all ended, where? whiting, indiana. whiting, indiana one of the biggest refineries in the midwest. service not only the chicago area but many midwestern states, they have important crude distillation unit that maybe down for a month. it's going restrict their ability to produce gasoline. now in the chicago cash market, people are panicking. we have seen the prices of gasoline spike on the wholesale level almost a dollar within three days and doesn't show any signs of ending. and what's more is that bp, a refinery that went down in indiana, they are scrambling in other states to buy product that they can run through refinery to produce gasoline, so not only is it going impact the midwest. it's going to be like an epicenter that can spread throughout most of the country. so looks like the party is over, it's always something, neil.
12:45 pm
neil: if it's always something, and extreme case you're talking about $200 oil or whatever, that obviously would be a big hit at the pump. how soon and how severe? >> well, in the midwestern area, we've seen prices at stations jump as much as 30 cents a gallon overnight. what's going to happen, this dollar is not going to get passed down right away, biwe're going to probably see at some point prices stay stubbornly high, even if oil prices go down and the problem goes away. i wish it was just the chicago area, i think this could spread through most of the continental united states in the area. we've also had refining issues in new jersey, in texas. so it's coming at a bad time. and the worst time about it is other refineries are down for maintenance, they can't pick up the slack. for the next couple of weeks look for the prices to stabilize and go higher. neil: thanks a lot, my friend. i think.
12:46 pm
phil flynn, speaking of all things oil, we're waiting on the keystone decision, have you given up on the thought this is yesterday's new, the state department is weighing it, measuring it. this is taking five times longer than the average big decision. the empire state building, how long do you think that took to build? a little over a year. the pentagon? a year and three months. the chrysler building? two years. the hoover dam, five years. the burj khalifa, six years. enormous engineering achievements a fraction of the time of this thing. what the heck is going on? >> neil, there is a lot of uncertainty on capitol hill what exactly the administration will decide with regards to keystone. senator john hoeven, the senator from north dakota raising concerns he was concerned that the administration would come out against it during the august recess.
12:47 pm
you know secretary of state john kerry has still not taken an official recommendation position on this in order to recommend to president obama what he wants to do. obviously, that's the first step that has to be decided. he still hasn't done it. so it really remains to be seen, a lot of uncertainty, no answers. neil: kevin, i'm wondering if they're playing a waiting game or run out the clock here, a lot of the folks behind keystone, the corporate folks look at how low oil prices are and say it's not feasible with the low prices or worth the cost of low prices to pursue anyway. maybe that's what they're hopeing? >> great point. i would add to that this underscores the division between the democratic party between the environmentalists and the moderate, pragmatic progressives in the democratic party. you know secretary of state john kerry isn't the only one who hasn't taken a position on this, neither is hillary clinton the democratic
12:48 pm
front-runner. not just a position within the industry but the democratic party. the politics of this, neil, are influencing the policies. neil: incredible. kevin, thank you very much, my friend. want to talk about china, again, well off our lows. quick peek at dow, off 148 points. very volatile, regular viewers of the show i don't obsess about this stuff because a couple of days ago we were up 240 points and down 240 points. i mention this on the feeling this is getting overdone. we don't know that. we have another three hours to go. i know china's problems are not just china's problem, that is evident in the way you see we're trading. i want to focus on the companies not so much affected by what china rolls out, but how to affectses the dollar they make there. companies like apple, after this. i'm only in my 60's.
12:50 pm
i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him.
12:51 pm
[ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide.
12:52 pm
and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. . neil: welcome back to "coast-to-coast" everyone, i'm neil cavuto. i want to bring to your attention, not all commodities, taking it on the chin as it looks like china was evaporating. china loves the commodities, likes to get it from wherever they can, australia or us, they were sinking and sinking fast, and the flight to quality going on in the globe was a dollar denominated assets and not the commodities. not so today. gold up 1.5%, silver nearly 1.5%, copper and other popular commodity in china up north of 1% here.
12:53 pm
so they could be commodities reversing an extreme overplayed sell-off, but it is worth pointing out to to on days of a big sell-off where money is going? these were things that were down early this morning, it could explain the somewhat reversal in the stock sell-off. i stress we have a long, long ways to go, after being down close to 300 points, the dow down over 100 points. the sell-off reversed in your stock ever so slightly. the fact of the matter is that apple is very vulnerable to what's going on in china. not only does it make a lot of the fancy schmancy iphones there but it is a big market there. the chinese population, i think revenue is broken down, 60% of them were for china. tech expert cassie slain what is happening with apple now. cassie? >> hey, how's it going. neil: what do you see happening and how big an impact will this have? >> well, the devalued yuan is definitely going to have a
12:54 pm
short-term impact on their earnings, and it could also raise production costs for apple. which could in turn cause them to raise prices. but, look, china is the second largest revenue source for apple right now. they have a lot of room to grow over there. in the short-term, you could see problems with their earnings affected by the yuan, but i think over the long-term, i would not bet against apple. neil: one other question that comes up beside just market for apple over there, but how a devalued currency would effect the pricing of the apple phones when sold everywhere. what do you think? >> well, like i said, i mean i think that in the short-term it could hurt earnings, but you have to understand apple is really relied on the iphone right now. it is the most of its business, and if they have to raise prices because of, that it will hurt the company's margins. but i think that apple is trying to branch out into other products and i think that could help it.
12:55 pm
they're focused on the tv, focused on the music streaming services, the apple iwatch was not much -- it's a little bit of a bust. jury's still out. but i don't think they're going to have too much trouble over the long-term because of this. neil: as you pointed out, for now, the phone is the cash cow and they could afford to charge a lot of money for it because people happily pay for it. the question is how much more would they be willing to pay, if it's 500 or $600 now and gets up to $700 as a result of the currency nonsense. at what point do even the most loyal apple customers say that's it. i'm out? >> that's a really good point. unless it comes with a coffee maker next time, i don't see a lot of -- neil: there's an app for that. >> i don't see movement in the iphone. a lot of people in the u.s., analysts are upset they are releasing the iphone 6 s rumored to be coming at the end
12:56 pm
of the year, they wanted something bigger. they want the iphone 7. they want to know what's next, and i don't know how much longer they're going to be able to remain at the top unless they really do something spectacular. but there is a lot of room to grow in china. they're the number two over there, and chinese are still buying up the iphones. they love it. i think that the price is a little tricky. if it goes much higher, they probably will lose some market share, i think that unless they really make the next phone a spectacular sensation, i don't see a lot of people moving into buying a new iphone. neil: interesting, cassie, thank you very much. all right in the meantime, continuing to keep an eye on the markets, the dow down 150.5 points. a lot of it on fears that china will escalate. it's going to get worse. every time you overstress what's happening on a given day, you're made a fool the next day.
12:57 pm
1:00 pm
. neil: all right. welcome, everybody, i'm neil cavuto you're watching coast to coast, and we've got a come back in these markets here. not taking anything for granted right now with three hours of the trading day to go. but stocks down 155 points, they had been down almost 300 and look what we've got going here, the market rates if you're refinancing the one you're in, we've go to a rare opportunity we thought it was exceptional yesterday, it's rare today, the 30-year mortgages continues to slip slide away as that money finds its way parked in the security of these investments and that's translating to 3.75% 30-year mortgages. and when i wanted to mention that interest rate, my
1:01 pm
producer, who is young enough to be my son; right? ralph? what are you about 12? he said, yeah, yeah, yeah, i'll get to it. the same producer who reminded me, you know,, neil, it's not social security's birthday today, it's this week, it's friday. and i said, like, hello. details. fine. then he tried to say, well, you know, when i have my birthday, i celebrate all week as if to say the damage wasn't already done with this jolene kent style as i already told you. really? do i need to put up with that? i want you to e-mail me whether we should fire ralph. all right. so that's the question for today. should we fire ralph? if you think we should fire ralph, let us know. if you don't, we don't really care to hear from you. so please send right now. and ralph is saying wrap it up. and markets first onto you, do you think we should fire out? >> no. i'm #saveralph, i'll
1:02 pm
even do it on twitter. neil: suckup. now, these markets and what's going on all china dependent, all china adverse now, what the heck? what do you see happening? >> i think market long term is going to be fine. there are certain things you're dealing with apple and the chinese evaluation that's something the average investor can't predict if you're long european stocks and you have vote on the greek bailout or perhaps italy what they're going to do there, all stocks -- there's certain political that things you can't control. i think long term as ronald reagan over simplified a little bit, markets go up, markets go down, it's going to be okay. neil: he said that right after the market crash, but he was right. and i know you and i have gotten into this before that china was never what it appeared, and i never really believed what it came out of the country when it talked about, you know, the market there and the economy, you know, doubling and tripling, gdp growth, 12% every quarter.
1:03 pm
that certainly wasn't sustainable if you bought the idea that it even happened. >> that's right. and i quit investing in chinese stocks even though they're listed in the u.s. several years ago because inventory wasn't necessarily inventory. there were no rules and no recourse for an investor and china manufacturing a lot of this gdp data. they have so much economic interest that is booming in their major cities and on their coast, and massive amounts of poverty inside the country. there's a huge problem of under swell in china right no. neil: all right. thank you, my friend. john. all right. now we talk about tom brady hearing a judge is hearing both sides to work this out; right? adam? and they've concluded for today, but they have yet to work it out; right? >> well, the public portion is concluded. but they're in chambers right now trying to reach settlement. most of these civil cases do go to settlement. rather than a trial. but here's the events today. just about everybody in the world did he do it or not?
1:04 pm
did tom brady instruct his two aids to deflate the footballs? in the judge said actually asking the question to the lawyer of mr. brady, i'm having trouble finding evidence of the alleged football deflation scheme but he then went on to say to the lawyer representing the union as well as mr. brady, it looks like the patriot's employees deflated the balls but why would they do that without brady's consent. because it was brady's concentration that he didn't know about it. so that's what's in play right here. when everyone arrived in court, i got a play for neil what happened when rodger goodell arrived. take a listen. [boooing] >> there were football fans who were booing, they were calling him a liar, but as we all tried to forgot, did he do it or not?
1:05 pm
what the judge has to determine as he tries to get these parties to reach some kind of settlement, is did as the union contends, did mr. goodell overstep, overreach his authority as governed by the collective bargaining agreement? if he did, it could be perhaps no suspension. but if he did, it's, you know, he is allowed to do this under the collective bargaining agreement, it's in hold. neil: for you listening at home, those boos that you heard there was not for rodger, it was for my producer for the comments that he made to me. and, yeah, neil, it sounds like that ralph kid should go. you're too big to be second guest by a kid. still another says ralph go. see i didn't say the last name. so i -- i mean, that one up. i just kind of liked it.
1:06 pm
but it has to do with this being 80th anniversary this week i know, ralph, friday. social security week. not today. but they're celebrating with a big ol' cake on stage and all the events all over the country. where is this happening, ralph, can you share that with me? los angeles there's the cake. these people look really delighted. 80th anniversary. >> now you get a feeling that it's -- neil: connell, 80 years young and now their fears as we get into on this show the way that it's going maybe not another 80 years. what do you think? >> even if ralph keeps his job neil the odds of social security being there for him -- neil: we can only hope. >> at this point nancy on that celebration as you talked about, it is one of those birthdays that we don't want to celebrate for a few days but should web celebrating? and those numbers makes it worse on the stage. social security back in 1960,
1:07 pm
you had 5-1 ratio there, workers to recipients. that worked well, that math worked well, there was surplus for years as a result. by year 2035 the ratio thanks to those baby boomers, the ratio will be down 2-1. neil: blame it on me. go ahead. >> of course. any opportunity to blame it on you, we're going to take that. the generation that's retiring or set to retire, it's just messing up the math. it's as simple as that. so social security is in trouble, and you would think it would become a bigger and bigger campaign issue when this number is talked about. 7trillion. once the surpluses that i referenced a few moments ago go away, the first decade after they go away, this is the deficit that the estimates say we will be looking at. $7trillion. so with that, a few days earlier, neil, happy birthday, social security. neil: see that's the way to say it. exactly the way you said it. happy birthday a few days
1:08 pm
early. but what does ralph say? we've got a few more. it sounds to me you've got an ungrateful producer. and then nancy says cavuto, you're pompous, have you just young kid trying to help your sorry ass out. all right. well, you know when this whole social security debate here, it comes down to what do we do? do we rain it in, leave it alone, it's politics as connell has pointed out here. you've got gene now on the trouble with addressing this entitlement because as far as i know, gina, chris christie is the only one of the candidates who said we've got to do something. we've got to raise the age, we've got to do something because this is in trouble. what do you say? >> i say this is another fine example of the washington cartel deciding to, you know, label anyone who addresses the problem, the huge problem of entitlement.
1:09 pm
they label them, and they shoot them down, pick them up one by one. social security is obviously, neil, the deleting child of the left. i'm telling you what. i hope that maybe donald, maybe ted cruz, one of the braver ones will open their mouth and say what everyone seems to be afraid to say, when you've got to give chris christie cute owes for that. neil: well, it hasn't helped them in the polls and a lot of people who responded to this, neil, it's not an entitlement, it's not ate benefit, i paid into this, i should get something out of this. and chris christie comes back and says, yeah, it's not all your fault but the dynamics in washington have let you down, they've robbed this trust if you understand and now we've got to do something. >> yeah. he's right and kudos for him stepping up and touching the third rail. this is the third rail that kills up a campaigns basically. but he's right. we do have to do some things.
1:10 pm
there are some things, though, that we have to keep in administration. millennials, my generation just over took boomers, this year the largest generation within the working class, and we're going to be contributing now at a higher rain at any rate than there are retirees. so we're going to see that surplus gap grow again. so that's good news but that doesn't mean we're living longer because we are. and chris christie addressed the fact that we are living longer and adjustments in the age are ways to look at this. and this isn't knowledge aiwa problem. voters are concerned about this because guess what? they're the ones that by reason of the from it. when we go into retirement, it's a huge unknown. these services provide a safety net for us that says, hey, we're not going to reverse -- neil: yeah, but rapport democrat, they fear on the aggregate and the big picture, you've got to do something with medicare, social security, but when their social security, they're medicaid, they're medicare, no, you don't.
1:11 pm
>> it requires sacrifices all the way around, neil, and conservatives have always understood this. and instead, you know, it always seems like the middle class gets targeted before entitlement takers get fired one. so i really hope that more straight talk in this particular campaign can sort of set a new -- neil: don't hold your breath. i don't see this coming. tied one-page chris christie, give him his due, of course he had to allow the grenade t stay relevant, but i don't see that happening. >> yeah. this is something great policy, bad politics. in campaign world, this kills you. but if you could get this done, this is legacy building. this is what a president dreams of accomplishing, which is making the safety net, the social safety net for seniors solved forever. and if someone can do that, they will go down in history just like fdr who created the program as one of the best presidents ever. but when it comes to campaign. neil: yeah, you've got to get
1:12 pm
elected to the office to do that. >> and, neil, there are other entitlements that they could cut for this. neil: fair enough. >> really frivolous entitlements out there that could really make this program. >> there's nothing that can make this equal, guys. neil: we'll watch. but, again -- it is. let's celebrate the birthday that i know is on friday, ralph. >> happy birthday. >> happy, yes. neil: by the way, we've got another e-mail in that says we can only hope that ralph and his entire generation lose their social security and that, neil, you're the last one to cash the check. thank you. all right. if we continue down the next 48 minutes with my present producer, and we're currently looking for an alternative, we're going to bring you out in the latest environmental disaster. but this one isn't exxon's fault. this one isn't bp's fault. this one, my friends, even if you haven't heard it in the mainstream media, is the epa's fault. after this
1:15 pm
this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business.
1:16 pm
neil: let's just say my young producer ralph is in a world of trouble. e-mails now running 5-1 against his condescending attitude towards yours truly and the approach he takes to me, like, hey, pops yow pay attention. 5-1 e-mails are running against him. that would be five e-mails for me and one for ralph. but the one that just came in is from vickie. if they don't stop picking on you, i might have to go up there. this is from ralph's mom. really? really? vickie. well, your son might be home a little early tonight, vickie. kidding. but he will after this.
1:17 pm
in the meantime we're following on this damage control now with the epa. this was an epa inspired event. it was the environmental protection agency that got all this orange sludge on this river out west and the epa administrator is out there trying to get to the bottom of it. but the line is it's all damage control. alicia in the middle of that. >> hi, neil, and this is a full week after contractors working for her agency that caused this spill. epa administrator will finally come to southern colorado and see for herself. she will also face some of the business owners and residents whose livelihoods have been put on hold from this mess. now, the water in colorado looks much better than it did when the 3 million gallons of mind wastewater flooded into it. it's still not given the all clear for authorities that it's safe to drink, or wreck rated in it. she will be meeting with her
1:18 pm
folks and she went in front of cameras saying her agency is taking responsibility. >> we're working with local officials, epa is providing alternative water supplies and free water quality testing for domestic drinking water wells along the river, and we've kept the white house fully informed. >> but exactly what taking responsibility means is that the three generals colorado, utah, and new mexico want to know who is traveling with her said anything in terms of legal action is being cd. it's all about accountability and openness he told me. testing is being done all along the river, and the epa said they will release the results folks who make the river to make a living are ready. >> we need to operate. i'm paying many employees, i'm their livelihood. so if they can't run the river, they don't eat. i mean it's that simple.
1:19 pm
>> and, neil, as you know the federal government is protected by broad immuneity here. but colorado saying they can still sue. neil: yeah, it would be suing us, the taxpayer, which is weird. and some of them remember it's a little different when they talk about a crisis like this that was a fall to the epa versus some that are corporate inspired or evil oil giant inspired. i'm sure some of you remember this bp guy. >> the fire of the deep water horizon and the oil spill in the gulf of mexico never should have happened, and i'm deeply sorry that it did. neil: all right. now, that guy was a poster boy. the fact of the matter tony said that this was interrupting his quality vacation time, and he was a disaster. let's be honest as with what happened with the exxon disaster. the fact of the matter is, though, media scrutiny should be media scrutiny. if you're going to follow up on him and his inability to
1:20 pm
prevent the crisis, get on top of the crisis, do the same with exxon mobile. fair is fair. you should do the same here. what i see, though, is a very, very different standard held to the epa. and, jared, that is rather jarring but not too surprising. what do you think? >> well, the epa and its activists group ease are very, very quick to jump down the throats that violate the very specific rules. and what's very interesting is they know exactly what's going to happen if this coal mine, you know, bruises x-amount of pollution or if this oil spill happens. but the epa still hasn't produced specific data on what the ramifications of this spill are or what the contaminants are or what's going to happen to these millions of trout which, by the way, here's what's really, really scary. got way, way more pr than the millions of trout that are probably going to lose their lives swimming up this river. and i didn't get any e-mails
1:21 pm
from change.org telling me to shut down the epa. and, again, it's that weird game is not played fair thing; right? the epa, they're just not getting the coverage, they're not going to get penalized the way a corporation would. and, unfortunately, maybe we don't want them to because then we're the ones who pay for it. neil: yeah, we're paying for it. but one case that comes up with the epa the supreme court slapping down you've got to factor in all the costs and rules and regulations that you throw out there on companies. but i think inherent in that remark was bringing the britches in a little bit and this is an example of what happens when you don't. >> and are perhaps we consecutives can use this as a leverage to say listen what you know? just as certain corporations -- i don't think that every oil company out there has got a dr. evil that we're going to spill some oil in the gulf today and ruin people's lives. people make mistakes and now that we see the epa makes mistakes as well perhaps we can look deeper and people on both sides will be able to
1:22 pm
look deeper into how the epa does and what it costs the american people because it's a lot. neil: the first analyst to incorporate dr. evil into his discuss of the markets. so good, my friend. >> keep ralph, by the way,. neil: which, by the way, ralph is my scott. take a look at what scott has viewed since i've been rallying at ralph and told him to give respect toward his mentor. take a look at this. we're down 105 points, we were down 277. more after this
1:25 pm
neil: all right. just call it the ralph rally. take a look. ever since i had to get a little tough on my producer ralph and remind him who is the boss here and when he talks down to me and corrects me on air i might point out as i'm trying to do my job, well, the market, the market has appreciated my smack down here in letting people know that this boomer is still running
1:26 pm
this show thank you very much. but now we're down. we're taking it super seriously. but anyway the e-mails are running vastly in favor of me by a ratio of now 8-1. that would be eight single e-mails for me and ralph's mom for him. what is beyond -- what is behind the appeal of donald trump right now? because he had all these big crowds of people showing up in places like michigan and guess who were a part of that crowd? young people, very, very young people, a lot of young women there as well. obviously it's something we're missing. what is it? >> i think our two main reasons that young people are attracted to donald trump and i don't think that attraction will translate to votes but why they're excited to him. one it's familiarity. they know who he is as opposed to some of those other candidates. so they know who he is, he's
1:27 pm
entertaining, he's funny, so they get that, he's a celebrity, they connect with him. and the second he's unfiltered and that's something they don't see from a lot of politicians and so many of them have under delivered. and they appreciate the fact that someone stands up there and says what he thinks, he doesn't say it in a nice or gracious way all the time but at least appreciate that honest, and i think that's what he's getting into with millennials. neil: charlie, you're a very young, honest, blunt guy but you don't use some of the language or approach that donald trump does. so somebody with a reserved character, does that bug you on some level or can you understand what she said. is there an appeal to a candidate who does that? >> yeah. there's definitely an appeal, but we have to be careful, you know? millennials in general i don't think necessarily would get behind the trump bandwagon if he became the nominee. but ther there is a positive aspect to this.
1:28 pm
24million people watched the about debate last week. and let's be honest. they didn't tune in to see mike huckabee or john kasich, they tuned in to see donald trump. neil: no, we found afterwards that they were tuning in thinking that i would be there. >> well, that's exactly right neil: but you're right. he definitely lifts the ratings of any show he's on. he's one of the few candidates who pop on the sunday shows and doesn't have to be there in person, he phones it in and the ratings go through the roof. but you seem to argue both of you that that could be short-lived. >> yeah. because there's the appeal there, and i was talking to someone of my generation earlier today and he was, like, yeah, trump is hilarious, and he's entertaining, i love watching him. am i going to vote for him? no way. neil: here's what i don't buy about that, i hear that from older voters as well. they go further, they hear what he said about illegal immigration, they're frustrated with mexico, maybe not to the point of building a wall, but also remember donald
1:29 pm
trump his warnings about china and mow they're taking us to the cleaners here and we just do their bidding when we're in the position to do the bidding. and they get angry, and they're reminded that, hey, this guy said that a long time ago, and he's right. >> and he's channeling a lot of that anger. there are has been a lot of success stories over the past couple of years of nonpoliticians doing really well running for political office. you know, if you look across the midwest, two of the midwestern governors were former business guys. neil: very true. >> didn't i it makes a lot of sense that donald trump is channeling that energy. neil: but is trump the business guy for you? >> no. not at all. look,. neil: he's not? >> you're right. he has no filter, it's all about him, he's brazen, i think it's one big brand promotion thing. but i think a nonpolitician is something that the american people look very seriously at, and he's talking about issues that way that politicians quite frankly never would. he's just telling the truth, he's saying what the solution would be, he doesn't care if he's going to be liked or not .
1:30 pm
neil: which is what you were saying; right? >> yeah. i do and i think one challenge that trump has to face is when he talked about bernie sanders having the mic taken away from him at the black lives matter he said that was weakness. it showed he was, and it shows what about donald trump is all about. he wants to win and any show of humility is weakan witness they like the strongest person in the room but they don't like a bull auto. so as long as he can manage that line, americans will get behind him to a certain exten. neil: well, he's working right now. guys, thank you both very, very much. >> thank you. neil: take a look apple. it is trying to rebound right now after these last couple of days but in this moment it has turned things around. it's up a buck, close to six bucks a day after a five selloff yesterday and it could be that people are over reacting to china but, again, we've got another two and a half hours ago. we needed to market, folks, i would like you to remind you is a snapshot.
1:31 pm
once snapped the image is shot. the promise of the cloud is that every organization has unlimited access to information, no matter where they are. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good. . . . .
1:34 pm
neil: welcome barks, everybody. i'm neil cavuto. the ralph rally continues. if you think i'm imagining it. i want to point something out for you young doubters at home. i had to call you out. this is the point in show where my producer ralph questioned me mistake saying today was 80th anniversary of social security when it is definitely friday.
1:35 pm
he was done with that. lecturing on other stuff. i don't even remember. tickerred me off. i had to call him out on it. once i made it very clear i was annoyed at ralph, we have a rally going. we have wiped out 90 points in free fall. thanks to my correcting it. you are welcome, america. sometimes i have to do. emails coming in fast and furious whether i should fire ralph. overwhelmingly in favor of canning his behind. only one in favor, from vicki, who so happens to be ralph's mom. desperate. desperate. speaking of emails, not kind locked on server that are right now in the fbi's hands. a former state department official christian whiten, how bad this could be for hillary clinton. what do you think, christian? >> it is a huge deal. we learned yesterday it is not just ordinary classified information. in fact there are two items
1:36 pm
clearly labeled top secret information, furthermore, was sci, segmented compartmented information. there are two classifications. confidential secret and top secret. top secret is a huge evolution above secret. i would work on secret information in my office, for example. to observe top secret information you have to go to special facility. you have to be observed by someone from the intelligence bureau. you have to sign it out. whoever but that unclassified system committing a felony maliciously. takes overt act to do it. it is a huge deal. neil: could be stupid and hardly a defense. judge napolitano hardly a legal out on this like our i.t. people here at fox. guys like ralph who are very condescending when it comes to my technical knowledge. i could just say -- >> much worse than what ralph did, let me tell you. neil: not so fast. here is what they have in
1:37 pm
common. a lot of people with sophistication with technology she was doing this for years. maybe i.t. people were not aware or telling her, mrs. clinton, secretary, you can't be doing this. i just giving benefit of the doubt. what do you say to that? >> it is not possible. sci is on completely different system. not connected to the internet. neil: you don't know what is on it. you don't know. >> it was clearly labeled this case. ig already said that she should have known something better got something top secret sgi, should have been removed from the system. neil: what about sci on top. >> the inspector general's letter yesterday said there are at least two pieces information that were clearly labeled. code words were very important. designated, these come from very sensitive sources. top secret is information frankly if it is compromised in the worst case, get people killed. more likely -- neil: not meaning to condone any
1:38 pm
of this. i hear what you're saying. i think it is still early. we'll see. you're right, it is a mess but we'll see how it goes. ralph, thank you for sticking up for him. we know regardless where the whole server thing goes, lisa says for hillary clinton's donors right now it's a nerve-wracking event. lisa, she was assured of the nomination. right now she trails in new hampshire. she trails against a number of republican candidates when pitted against them in states like iowa. she has some problems on her hand, doesn't she? >> absolutely. as you mentioned, it is not just from the left. it is also from the right. hillary clinton is in real trouble here. neil, you're only inevitable until you aren't. hillary clinton is no longer inevitable. reason she put out a $2 million ad buy in states like iowa and new hampshire states you mentioned she has trouble in. if you look in polling numbers she is starting to slip with key groups of people, independents, white women, african-americans.
1:39 pm
we're seeing trouble with the numbers. she is having trouble with majority of americans don't trust her. her favorability ratings are all-time low. neil: lisa, this stuff goes up, it goes down. i can remember john mccain was counted out, down to money under the couch to keep his campaign going. he came back. i'm not saying same thing again but we can overstate on upside when she looked unbeatable and downside when she looks unwinnable. >> that's a good point, neil, but here is where her problems lie. the fact remains, look, fbi launch ad criminal investigation into her email server. she turned it over to the justice department. there are reports that emails on the server are top secret. so the email scandal is not going away. not just emails and trust factor she has promise, neil, i think her biggest problem the one mitt romney has. she will have difficult time convincing voters she cares about them. we see it in the polls with the latest quinnepiac polls in
1:40 pm
states like colorado, iowa, you don't want to come out the gates as mitt romney last go round as runaway favorite. only place you can go is down, right? >> neil, that's right. we're seeing steady drop in the polls, steady drop in approval or favorability ratings. a steady increase of voters who don't trust her. voters in states like colorado, iowa and virginia that don't think she cares about them. so we've seen this consistent pattern of troubles that she sees in the polls. neil: lisa, thank you very, very much. by the way the emails are coming in fast and furious. have nothing to do with hillary clinton but on the situation with ralph and how tenuous his job looks for the moment. peter emails the following, cavuto, you don't even know what ralph did. you find him offensive because of mistake on your part. you are the one who is loser here an you are the one who should go. vicki, really? really? i'm on to you.
1:41 pm
1:42 pm
1:43 pm
getting hit in the market. arm holdings. skyworks up a little bit. most are down thanks to china. apple stock took a beating this week, lowest level since january, lot of exposure to china. bouncing back today. china is the second biggest market in terms of total revenue and second biggest market when it comes to iphone sales. apple shares are up a bit of a bounce-back. investor waiting for next big unveiling event. september 9th, gets thrown around. new iphones, maybe three of them according to some analysts. i want to say for the record i'm with ralph's mom on this unless we get jo ling kent -- never mind. neil is back in a moment. can a business have a mind?
1:44 pm
1:45 pm
can a business have a soul? can a business be...alive? neil: all right. remember those two escaped convicts at upstate new york prison? they were on the lam upwards of a month. soon as they escaped prisoners there said they were brutally interrogated and beaten. to my next guest serves time at same prison it does not surprise him. a former gambino family mobster. so i will not ask him difficult questions. you say that does not surprise me. >> no. they're escaped. two murderers on loots. they could kill a family. you don't know what they will do.
1:46 pm
waiting it out, what is the difference i slap around couple murderers and get information to find these guys. neil: they were convinced other prisoners knew? >> other prisoners knew definitely what was happening. that is 1000 percent. neil: is that right. >> survival in prison depends you not seeing or hearing. neil: if you don't see it or hear it, allegedly? don't you want in on it and are you bitter if you're not. >> you don't want to escape. you're doing 20 year bid. i see light at end of the tunnel. i'm leaving. i see my cellmate chopping through the wall. i don't hear anything. i don't see anything. my survival depends on it. when i saw cuomo said to the inmate, sweat or -- neil: andrew cuomo. >> andrew cuomo, i don't believe you didn't hear anything, you didn't hear anything, give me a break. the guy says i didn't. cuomo doesn't understand that guy's survival depends day-to-day on him not sighing or hearing. neil: what would you have done? >> i have to admit.
1:47 pm
i wouldn't see anything or hear anything. not a corporate settings where i tell my manager this guy is stealing or selling drugs or doing something against the company. you're in jail. your life is on the line. neil: were you mad at guards in did they treat you in. >> the guards were rough to other people. i never gave them reason to beat me. i had incidents, there was one point a officer soughted i got roughed up. neil: why you angry. >> no. that's life. it is brotherhood of guards. they hear there is a cop down they come guns blazing. they want to protect their own like i protect my own on the street. i was in lewis penitentiary where two guys were murdered. aryan brotherhood and muslim gangs. foon squad said we have authority from washington to use maximum force. does anybody know what that means? nobody answered. we could kill anybody in here and get away with it. i was there when he said that they were on zero tolerance
1:48 pm
level. neil: got to be on real zero tolerance level right now. >> exactly. this seems like it is off the grid. this doesn't seem like it is sanctioned as that was. these are guys grabbing guys, see if we get some information and find these guys. maybe i will look like a hero. so what i beat a guy up. almost same as if terrorist might be planning attack, somebody slaps the guy around but you might have saved 5,000 lives. that is how guards look at it. tell you about inmates really quick. other than the inmates who were beat up, every inmate in that prison now, they're very litigious inmates. there are jailhouse attorneys. everybody who gets brushed on shoulder will say i was assaulted. that will happen. but there are real serious things have been done, obvious to me. there are really probably a number of real cases but that said there is going to be a flood of trivial things that are already, probably being designed as briefs but put in front of the court by other inmates. neil: lou, thank you very much. good seeing you. >> likewise, neil.
1:49 pm
neil: take a look at this. i told it was social security's 80th birthday. i got it wrong. apparently friday. my producer ralph made a big deal out of it. riddle me this, ralph, why are they separate waiting with a cake and blowing out out in los angeles event if not social security's birthday? are we a little too technical, ralph? are we a little too anal here? this is why emails run overwhelmingly against you. why even overwhelmingly, nancy pelosi says, good-bye, ralph. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva respimat.
1:50 pm
discuss all medicines you take, even eye drops. if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain or problems passing urine, stop taking spiriva respimat and call your doctor right away. side effects include sore throat, cough, dry mouth and sinus infection. nothing can reverse copd. spiriva helps me breathe better. to learn about spiriva respimat slow-moving mist, ask your doctor or visit spirivarespimat.com
1:52 pm
1:53 pm
social security's 80th birthday. odd, do you think? because the real birthday is on friday. cut me some slack here, okay. those that said the dr. evil comparison, for god's sake i'm doing two hour show. ralph made a big deal i got it wrong by couple -- you're technically right, birthday week too late to crawl it back, ralph. where was i? we have former senator jim demint on the cost of all of this, not just the cake but social security turning 80 this week. at the rate we're going, senator, you're worried whether we'll see 85th or 90th birthday. not a lot of money coming in, a lot of money going out, right? >> neil, good to see you. it is unfortunate that the politicians in washington spent every dime in the social security trust fund. americans paid a lot of money for that security nancy pelosi is talking about in retirement. but this year alone, 80 billion in deficit on social security.
1:54 pm
we need to fix the system so that future seniors will get a share shake from their social security program -- fair shake. neil: a lot of them react, senator, the same way. the argument, i paid into this. this isn't handout. i paid into this and i deserve this. they're angry to call it, a, entitlement and b, something they might not get or as much of. what do you think? >> it is truly an entitlement because people are entitled to it, they paid for it. i don't mind calling it entitlement. people put almost 12 1/2% of everything they make in their lives in social security. if we saved even part of that for them, most americans could live very well in retirement. unfortunately it is all been spent. most americans are guaranteed poverty level income. but we need to fix the system, not only for today's seniors but to create better options for younger workers so that they don't have to pay more into it and get a lot less out. that -- neil: should we means test it, senator? that comes up, maybe rich people shouldn't get it?
1:55 pm
>> well, we need too look at different options. the best thing we can do, neil. first protect system for those in retirement. we shouldn't change it for them. they paid for it. they count on it. we can give younger workers different options. defined contribution plans, rather than defined benefit. let workers put more of their own private savings in so that they don't have to count totally on social security. we don't have to cut benefits to make it work. neil: senator, i appreciate that. much, much appreciated. thank you very much. >> good to see you. neil: the ralph rally or the neil corrects ralph rally continues. ever since i had to snap back at him, i don't like doing it, but what i got to do. letting a young guy know that the older guy is still running show, and on top of things, even though the older guy don't know what he got upset b we had been down 260 points, now down 60.
1:59 pm
>> it's the chart of the day. neil: you're welcome america. it is our chart of the day. we call it the ralph turnaround. that point, around 1:00 is when ralph dared to question me. i called him out on it. he was more or less saying i was senile, forgetting things, it wasn't social security's birthday. there is a lot of stuff i don't remember. that is ticking me off. you can't do that. i'm the walrus here. i get all the emails, overwhelmingly in my favor to fire ralph. this vicki comes out of nowhere. turns out to be ralph's mom. how sad is that insult to injury, my buddy connell mcshane who i thought was on my said worms over to ralph's side. connell, really. >> with ralph and his mom, that's where i am, standing tall. unless you get a suitable
2:00 pm
replacement, jo ling kent is executive producer and correspondent. he is defeating chinese single-handedly. neil: there is that. quick poll of four crew. guys, you think we should get rid of ralph? >> they're not awake. neil: can him? can him. there you go. dagen. take it. >> neil, when in doesn't support the youngster because we'll support you in retirement which is nye, clearly. neil: add dagen to the list. dagen, you're vicki. all right. >> love you much. neil: which i felt the same. what do you have coming up? >> thank you. good to see you, neil. thanks so much. welcome, everybody, to "the intelligence report." i'm dagen mcdowell in for trish regan today and we have good news. let's call it the neil cavuto rally. stocks whipsawed on wall street. at one point the dow was down 27 points. look what happened in the last couple hours -- 277. now we hon
92 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
