tv Cavuto Coast to Coast FOX Business August 13, 2015 12:00pm-2:01pm EDT
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neil: you've been doing that for the past three hours. [ laughter ] >> it was a layup, buddy, come on. you gave that one to me! seriously, stuart, thank you very much. i think he's going to pass me in the mall and not say anything. the hunt is on for alternative to hillary clinton and as stuart was pointing out when he was talking to me, it seems to be centered on joe biden. that's not political conjecture and not coming from the joe biden camp. that is coming from a lot of big financial donors, big money guys in the democratic party who are concerned if hillary clinton implodes, bernie sanders, though a nice guys, would never be able to get elected in the country. that's what he said about his prospects about the nomination. the push for joe biden is real, but do you really think he will? nomi, what do you think? >> i think, listen, every day that hillary is in the press
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getting negative press is a day for joe biden to step up and run. the lay of the land and the air is pointing in favor of a joe biden candidacy. this is a man who has run for president twice before, knows what it takes. he obviously has the donor support. he has a populist heart. that is part of his history and legacy up to this point, but he also comes from the center. this is a man who can bring the two forces together, the bernie sanders crowd and the hillary clinton crowd together. neil: how do we know that? much of the appeal of bernie sanders has been he galvanizes the left, he's passionate. say what you will of joe biden, last two races have not galvanized by anyone. he's been a fine, loyal soldier as a vice president, but that does not mean he's a winnable candidate, or does it? >> he's sitting vice president. the previous two races, first
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one being in 1988, he made a flub on the campaign trail, he used a speech that has been used by different candidates. neil: plagiarized. >> he didn't credit him in that situation you. >> weren't even alive, how would you know? >> i was alive. i'm an older millennial. neil: thank you very much, kiddo. see how this unfolds. blake burman in washington on why hillary clinton is struggling and why all this stuff is happening, blake? >> reporter: neil, we can tell you a source tells fox that the intelligence community inspector general has asked the state department to turn over the entirety of hillary clinton's 30,000 e-mails. so they can check the inspection controls before the e-mails eventually get released to the public on down the line in the upcoming months. but clinton's old department, according to the source is pushing back. that source says the director of national intelligence, james clapper is concerned about states willingness or
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unwillingness to turn over all the e-mails. he's ready to step in, if the pushback continues, the ig is an independent government watchdog, it found clinton's e-mails contained top secret intelligence, but the state department continued to push back on the notion that e-mails in question were marked as classified at the time, which is also what hillary clinton contends. now, neil, those e-mails passed through clinton's private server. clinton's attorney wrote to the judge the server was handed over to the department of justice yesterday. the "washington post" is reporting today that server is blank. so neil, the question becomes if that is indeed the case, what might the fbi find on that server should it decide to search it? one expert i spoke with said it depends how the computer or the server was wiped. was it a simple delete or did a professional or program take it further? what the fbi should be looking
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into is whether or not it was hacked or tampered with. >> i would assume, blake, they would know in advance turning over a server what was on it, and to wipe it out, even if they weren't the parties who wiped it out, that it will be glaring. that seems like a stretch, you know? >> the clintons certainly would know what is on that server, right? but if they did indeed -- neil: to wipe it out raises a whole other crisis. they know that. >> reporter: it certainly would. that's what the fbi may go into see what exactly is on there. neil: this is coming out of an unnamed source of a "washington post" article, it is raising concern and questions. we have mark and richard on democrats considering the options in the middle of this. richard, as our democratic guys, you have to be looking at this, all right, we got to prepare ourselves for a worst-case scenario, she implodes, and the name comes up. is that what's behind this is
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bernie sanders is not an acceptable alternative? is that what's happening? >> this discussion over the past few minutes is an altive universe to reality. in reality, democrats continue to love hillary clinton, look at the real clear politics averages, not that she's running 35 points ahead of bernie sanders, and incidentally since the joe biden boonlet came up a few weeks ago, he's 10, 12%, and she's beating every single republican. neil: she's trailing in new hampshire. she's trailing all the candidates in iowa. >> nobody had heard of before yesterday. neil: she was swamping all of the guys, including all of the republicans a few weeks ago. these are only polls, snap shots but the snapshots have increasingly turned negative. you can't ignore that? >> except for the one outliar in new hampshire. cnn, fox news own poll has a running 30, 35 points ahead of
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sanders and in the neighboring state of new hampshire. neil: you're talking nationally and ignoring the polls done in iowa. you can pick and choose the polls you want, even in those polls she is evaporating. they could be short lived. i don't think you can pick and choose the outboundings. >> you are -- neil: i just gave you an example that is real, a new hampshire poll, not a national poll. just gave you an iowa poll, not a national poll that shows her losing to four different republican candidates. i just reminded you that has never happened in this race thus far. and reminded you these are snapshots and could change but the changes have to disarm you a little bit. >> yeah, let me tell you what disarms me and i'm going ask you, you're in the media. tell your friends to get their act together in the media. not just this network but the talk about the e-mail stuff is loose and fictionally. >> it's an fbi investigation, it's an fbi investigation.
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>> hold on, mark. two facts, one the inspector general himself said nothing that went through her system was labeled classified -- wait a second, please let me finish. and secondly, if it had gone through the channels you wanted to we would be in the exact same position you. >> you might be right. the damage is mentally done. he might be right, mark, when we get the details there is nothing there. what do you say, mark? >> if this wasn't hillary clinton, this candidate would be out of the race because the media would be so heated on this fbi investigation. that is so much nonsense. let me tell you something, it's interesting, neil, that you say that the big donors are the ones who are most concerned. look, these are businessmen, right? what are they looking for? they're looking for a hedge in the political markup place of the democrat primary, and joe biden is that hedge. joe biden will enter this race
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in mid-september for a very basic reason. it's because an fbi investigation and the scandal surrounding this candidacy of hillary clinton, who by the way is a really lousy candidate on the stump, is not acceptable because bernie sanders has a decent chance if another establishment candidate comes ford win the -- neil: we don't use the words like scandals, we don't use that now. there's a lot of smoke. be careful here. i want to stick to the facts. richard, the fact is this, some in your party are nervous which is why they seem to be courting joe biden. other luminaries in the party, al gore's name comes up, john kerry's name comes up. do you think any of the other guys makes a serious run because they sense blood in the water? >> no, mark talked about what a lousy candidate hillary was. let's remind ourselves, we thought barack obama was a great candidate in 2008,
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hillary clinton got more primary votes and won california, texas, florida, ohio, new york, pennsylvania. >> she wasn't the nominee. >> if she was such a lousy candidate, how did she get more primary votes than the guy we think is hercules. >> because the woman president from the democrat base. >> let me tell you something -- neil: got to get you both on topic here. richard, do you think this is much ado about nothing, and mark do you think this is a golden moment -- fine. >> joe biden is pulling 12 or 13% in new hampshire and iowa and he's not even a candidate. when he enters this race, i'm telling you he's going to shake it up. neil: the opinions might pan out or not pan out. all we're looking at is declining poll numbers that could change. man, was that a great opening block or what? man.
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we're doing okay without ralph. wow. this is a live scene of our control room. no ralph. no ralph at all. the whole debate that started on this whole show yesterday when he was second-guessing his elder anchor i.e., superior, i put it out to you, do you think we should can it, dump ralph? we have the most amazing answers, take a look. >> i think he should be fired. >> nah, let him stay. >> if he's not for social security for the people, yes, fire him asap. >> i don't know who ralph is. i don't think he should be fired. >> i don't know who neil or ralph are. >> i don't know. i'm not sure. >> all i heard about this guy, ralph giordano? yeah, he's such a great worker and does a lot for the show. i think he should keep him around a little longer. give him a shot. he seems like a great guy, handsome, yeah, keep him..
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. neil: oil prices are slip sliding away, down to $42.25 not this low since the beginning of the obama administration. that's the theme all this week and i sound redundant saying it, here we go again. the oil prices drop, gas prices drop, in the middle of that, you have a number of states, 20, considering raising gas taxes and move in washington to raise the federal gas tax
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thinking you wouldn't notice it since prices have slid precipitously. i guess the upshot is enjoy the low gas prices while you still can, it's not an immediate tonic because oil companies are hurting and components are hurting. now to the issue of business titans running for president of the united states. of course you know donald trump and carly fiorina, different personalities, but the argument is they've certainly got traction, if you look at it in the case of donald trump and ms. fiorina that outside the box business titans might be able to do what ross perot was not, that is get elected president. billionaire scott mcnealy on the anti-establishment push for business guy surge. scott, good to have you. what do you make of the sense specifically when it comes to donald trump. he gets the most attention, the most press maybe because he has the biggest mouth. but
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doing, it's not ralph, not today, he's gone, we announced earlier today, we're having tryouts for the senior producer position, someone who can take over this show, we've had enormous interest from a variety of candidates. take a look, this is earlier today arriving for the tryouts. goodell came. he is ready, but i'm told he thinks there might be a pay cut involved, so right after him, this fellow showed up. take a look at that. tom brady was alerted to the position, but was told he would have full flexibility with any balls that we use here on the show. he was interesting. a very good interview with him despite those courtroom illustrations that have caused a great deal of controversy. and this fella. surprised us, he's a multibillionaire, wearing a coat, you think about it, it's august, wait a minute, neil, that's from months ago. but you don't know, do you? and this is surprising.
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[ laughter ] >> elmo? really? elmo did mention that, you know, elmo likes neil, kept saying elmo likes neil, and some of the other characters, vying for ralph's job. we don't know how it will go, we did say money and envelopes helps. who gets to fill the chair will help. everyone is focused on who is moving to the white house. we will keep you posted. we will keep you posted on the epa planes piling up at laguardia. 17 states suing the environmental protection agency staying goes too far on the rules and regulations and emissions requirements, and all of this is before the colorado sludge issue where we got millions of gallons of the toxic stuff seeping down and spreading way beyond the colorado and new mexico and arizona region. florida attorney general pam bondi is leading this effort. attorney general, very good to have you.
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i'm wondering do you sue separately based on what's going on in the environmental disaster or separately on the idea that the epa going way beyond its edict. >> neil, it's sad you and i have to talk so frequently about the epa, it's unbelievable. but, yes, this is a separate lawsuit, and it's regarding start-up, shutdown and malfunction, which means when a power plant starts up, has to shut down or has a malfunction. historically, the clean air act, they clearly establish a cooperative federalism approach to our clean air quality, which has been fine, because it gives the states the primary responsibility to regulate. that but what's happened is they got into a sue and settle issue with the sierra club, and it was a total, total federal overreach, blatant power grab by the federal government. and as chair of the republican
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attorneys general. if you look at map you showed, this is a bipartisan effort. they're coming in, and we will not as state attorneys general stand by, we said this time and time again, and let the epa come in and use their heavy handed tactics to come into each of our states and try to control everything we do. we talked about it with the waters of the u.s., and now like you said, look what happened in colorado after that. and sadly, i think you're going to see more issues to come from state ag's. neil: what if the epa came back and did what the supreme court told them do in a ruling that slapped them down, you have to implement or propose when it comes to rules or regulations, attorney general, here's what we'll do, we'll weigh the costs here, we'll factor them out, think you're exaggerating the costs and think we're right. furthermore, what if they play
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it like a fiddle? it will take years to argue this in court and it will be forced our way, anyway. what do you say? >> they're not going to play us, and in two years he's going to be out of the white house. neil: for now states have to comply. are you saying in florida's case you're not going to do anything on the emissions stuff and plants and manufacturers don't do anything? >> of course, we're following the law. that's what we do, unlike the president of the united states. neil: what i'm saying that's what they say, they say go ahead and fight us, you might win in court years from now. >> we will win in court. neil: fine, they're saying they will have gotten their way because have you gone a long way toward doing what they said in the beginning, which is maybe their intent all along? >> that's why we're rushing this, neil, as soon as possible. that's what's great about having a group of ag's, especially a bipartisan group. how fast we can come together, we've gotten an injunction against them in the past and that's what we hope do in this case. they've aproefred the air
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quality systems multiple times and now they got into a sue and settle posture, they tried to go after us. but to answer your question, in florida and all of your states, we're going to follow the law, we're going to follow what the courts tell us to do, but we have got to fight back against the federal government. we have -- when they try to take over our state, we are the last line of defense, and we are not going to stand by and let them do this. we can't. we have to protect our air quality. we have to protect consumers' rates, which will go up, based on this, and do everything that we can to protect our states. >> i tell you, attorney general, i think they're running out the clock and they're going to get their way anyway, you know? >> neil, cross your fingers and say a prayer and hope they don't. we're going to continue fighting. epa should be called excessively punishing america, that's what they're doing now. >> i get it, epa. attorney general, thank you very much. good seeing you again. >> thanks, neil, you, too.
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>> the parade continues in iowa, mike huckabee, so many others gathering there. this state has suddenly become important with donald trump is in first place there. ben carson is in second place there, and scott walker, the good neighbor who thought he could raise this as his hometown son favorite status has dropped to third. keep an eye on that. live to our control room. tryouts for ralph's job, and getting very, very interesting players on that. in fact, you won't believe how interesting. who has showed up in that seat? more after this.
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neil: well, it all starts off in iowaf you think about it, that is the first caucus state, of course, it made jimmy carter famous and made the former georgia governor president of the united states. ever since then it's been kind of dicey as to whether it's a predicter. nevertheless, they all go there. mike huckabee, the latest. many others following suit in what's going to be a busy next few days. carl cameron on the importance of this astronaut. carl, i just want to say that huckabee is hoping that he strikes here because he has always polled well here. one candidate who's skipping out is hillary clinton. we've got political reporter caitlin huey burns on that. i'm always wondering, to be fair, caitlin, she has been on record saying a lot of these traditional iowa events she would not be part of.
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i guess the argument was neither was barack obama. having said that, barack obama won this state eight years ago, and i'm wondering whether she would just be making sure something like that doesn't happen. >> right. iowa is a critical state for hillary clinton this time around. bernie sanders isn't catching up to her lead as he is in new hampshire, but still she has to win this state and has to win it big in the primary. she is going to the state fair, she'll be walking around talking to people. we'll see if she, you know, eats some of the food. we saw barack obama play bumper cars with his kids that time around, but she's not speaking on that iconic soapbox, but she may get criticism in terms of trying to go true iowa -- go through iowa and the fact that she's skipping that event while all of the republicans are doing it and all of the other democratic rivals are doing it too. we're going to hear from martin o'malley and bernie sanders, even jim ben and lincoln chafee -- jim webb. neil: back to carl cameron, we
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couldn't get him before, we can now. do iowans take offense to that, that she won't be participating? >> reporter: sure. absolutely. iowans are very fickle. they are first in the nation caucus goers with a tremendous amount of influence on the race that follows them, and any kind of slight or perceived slight can be lethal. you were talking about the history of this. indeed, jimmy carter back in the '70s got national attention when he won the iowa caucuses and put them on the map. then in 1988 pat robertson, the zell advantage list, came -- televangelist, came in third here, and this state -- particularly the republican caucus -- is very, very socially conservative. in 2012 the exit polls said that 60% of caucus goers on the republican caucus side describe themselves as, quote, very conservative. and, again, of the about 115,000 who voted in the caucuses in 2012, 57% of them called
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themselves, quote, born-again christians. so for somebody like mike huckabee, this is a huge opportunity, and the fair is a must-do. he spent a lot of time here back in 2008. he wasn't on the ballot in 2012, didn't run, but he came to the fair then. he came to the fair in 2014 when joni ernst was running for the u.s. senate, the first big, competitive senate race in iowa in a long, long time won by a republican. and so he had an opportunity to come here and talk. he did. and he spent a great deal of time trying to explain to folks why he is not going to be talking about people like donald trump and, in the case of mr. trump, he is coming to the fair on saturday. he will not be making an appearance, at least at this point, on the famed soapbox. he'll do a media availability, and he'll walk around, but he's not planning to make the commensurate speech. listen to mike huckabee this morning as he talked about his refusal to trump trash. i guess i'll have to put that in
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for the next time around, neil. [laughter] the consequences of not being here, of not doing the soapbox, of hillary clinton not being here can be very, very tough. neil: yeah. i wonder about that. >> reporter: the state has four million people, and only about 120,000 democrats will take place, will actually go and caucus. it takes a tub of work. if hillary doesn't want to put that work in, she's going to have a tough time here, and somebody like bernie sanders could actually win it. think about it, in a field of 120,000 caucus goers and maybe four rivals -- jim webb, martin o'malley, lincoln chafee, you could win the iowa caucuses with 35,000, 40,000, and you can't get elected dogcatcher with a new york borough with those kind of numbers. neil: thank you very much, carl, thank you very much for the pressing news. we did tell you a little bit of what's going on here in this effort to replace our producer who was very rude to me yesterday. want to update you that we found
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a lot of interested applicants. we told you about what was going on with goodell and tom brady. take a look at this interesting interesting -- this latest guy who's interested as well? [laughter] are you worried, ralph? is joe piscopo is next. [laughter] you focus on making great burgers, or building the best houses in town. or becoming the next highly-unlikely dotcom superstar. and us, we'll be right there with you, helping with the questions you need answered to get your brand new business started. we're legalzoom and we've already partnered with over a million new business owners to do just that. check us out today to see how you can become one of them. legalzoom.
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neil: you know, we're getting a lot of e-mails from people, what the heck are you talking about with ralph? i just want to bring you up to speed because it's so crucial how i relay it on this very popular show on this very popular network. i was here yesterday trying to do my job, and i made an error, apparently, talking about the birthday of social security, the 80th birthday is formally tomorrow. i was referring to it yesterday because i saw nancy pelosi blowing out candles on a cake celebrating social security, one of god's greatest gifts from the government. so ralph gets in my ear, my then-producer, gets in my ear to say, well, it's actually friday, neil. then i said to ralph, well, i'm
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sorry, you had the video of nancy pelosi celebrating the birthday of social security with a cake, so, silly me, i thought the birthday was now. then he, in his sycophantish, on seek wish way said, that's fine, i guess you can have a birthday week, but clearly the putdown was on and the kick was on as well. so ralph's gone. we've opened this position to anyone who's interested. you've got to make a compelling case. we've had a lot of luminaries looking at the job, including any of these presidential candidates who don't get the brass ring and the big job. joe piscopo, now, is watching as well in the control room showing he's up to the task, even doing this particular segment from the control room from ralph's seat. [laughter] joe, good to have you. obviously, you feel you're up to this task. why? >> excuse me, neil, just want to get this done for a second. there we go and -- okay, yeah. it's been a dream to be a producer. so we whacked ralph, and i'm here for you. it's kind of an italian thing.
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whatever you need, i'm there for you. neil: and you have something else he lacks, loyalty. [laughter] think about it, right? i kind of made him, and it's like, hello, you know? they get to -- >> no loyalty anymore. i ran right in. it's a little slow for me, i just ran in, put the headphones on, i'm here. neil: i hear ya. just in case we offend viewers who want solid information -- [laughter] you have a great sense of humor, and i was thinking of you because remember we were talking, i think it was last week, about how all the candidates might want to blend a little humor in there. donald trump is a funny guy, quick on his feet. people don't always like what he says, but i thought of ben carson, that he must have been channeling you, because this remark seems to joe piscopo. listen to this. >> i'm the only one that separates siamese twins. [laughter] the only one to operate on babies while they were still in the mother's womb, the only one
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to take out half of a brain, although you would think if you go to washington that someone had beat me to it. [laughter] neil: you know, as you know, he's rocking up the polls since that debate. >> and who broke that, mr. cavuto, may i say? it was you. you and i -- and i come on the show, you know, very proud to be here, neil, because you know the respect i have for you, and we always joke around -- neil: same here. i wish ralph had that. [laughter] but you called that, neil, you called it. you came in and said humor in the debates, that will change everything -- neil: you know what i like about what you're saying? actually you did, joe, but you're giving me credit that's not due. an infinitely better candidate for this job. >> i'm going to come back tomorrow. you know what, neil? it's true. you said it, you broke it right here. we were talking about ben carson, and we went there twice in that interview. i said ben carson's going to have to be funny to surface. then we came back again off of your lead, neil cavuto, and darn
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if it went right there. now look at him, he's on fire, this guy, second right behind donald. neil: in all seriousness, how do candidates balance that out? you can't look like you're too much of a comic, but you can't look like you're being flustered, right? >> that's a great point. and did he plan that, did ben carson -- neil: right, right. >> great interview yesterday with mr. carson, neil. i don't think he planned it. you know what? i heard he's a good guy. my mother loves ben carson. i didn't quite buy into it til i saw that, til that humor came -- it was organic, it was not planned. that won me over. this guy's great. neil: you know, we're remembering moments where it really helped, where john kennedy was dismissing his wealth and whether dad was trying to buy the presidency, he said, well, related to my dad can, said he wasn't going to pay for a land slide. and i remember ronald reagan with the there you go again, but most famously in the second debate with walter mondale when age was a factor, people thought
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he was getting to be a doddering fool, and he said i won't hold my opponent's age against him. we know the lines, but that saved him at a key moment. >> i don't know that ben carson had that line in his head -- had he used that on the stump before? neil: i had never heard it. >> i'll check with ralph to see if he did use it on the stump. neil: good luck there. he's outside with one of those posters, "hire me back." [laughter] thank you very much, joe piscopo, our new senior producer on "coast to coast." or our front-running candidate. >> glad to be here. neil: we understand goodell is wrapping up and so is tom brady. when they come out, we'll keep you posted, because i'm the final arbiter, as you know, i will interview the final candidates and make the final decision because, well, unlike what ralph seems to think, i am the final arbiter. we'll have more after this.
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neil: i don't know if this is good or bad, but consider this: the government broke a record in the latest period over the first ten months of the fiscal year collecting $2.6 trillion in taxes. $2.6 trillion in taxes. at couple of months of the fiscal year to go. surely that should be enough to keep us going, right? we shouldn't run any deficits with all that tax money coming in, but we are. and, in fact, we're bragging about the fact that this latest deficit is on track to maybe being under $430 billion as if we've hit a home run. congresswoman marsha blackburn says, hello, we're not. i tell you, congresswoman, it is amazing we brag about this, i guess because it wasn't that long ago we had trillion dollar deficits, but any dollar more we're spending than taking in is
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adding to that debt which, last time i checked, was well over $18 trillion. >> i think it's a misplaced celebration, if you will. we're still borrowing 14 cents of every dollar that we spend. and we don't have a revenue problem, that is very evident. what we have is a spending problem, and the spending side is what away need to tag -- what we need to tackle. neil: you know what i was amazed at is, man, you're taking in $2.6 trillion over ten months of a fiscal year, still have a couple of months to go, you should be able to finance our government without much worry with just that money. in fact, you should be able to really find some cost savings there so you can give a lot of that money back to taxpayers of all sorts. >> you're right. neil: but, no. what happens? >> and this is one of the reasons some of us at the budget committee are so focused on reining in the discretionary spending times. if you go back and just look over the past two decades, discretionary spending was a republican or democrat, it has
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increased by 47%. you look at overall spending, it has outpaced inflation by 63%. neil: and it happens, congresswoman, in both administrations, republican, democrat -- >> that's right. neil: they try to rein it in, there must be something endemic in the system that makes that next to impossible. but i suspect whoever's elected president in november of next year will be dealing with this again. >> you're right. neil: remember when it was 18 trillion, now it's going to be 23, 24. where's this going? >> and here's where you need to go to make those cuts, look at the major components. health care costs, social security, medicare, and then you have the interest on the debt. right now we're keeping those expenses down because the interest rates have been low. but what i've been doing is offering 1% across the board cut amendments. that would save $1.2 billion out of just the four appropriations bills we've done so far, neil, and that is where the focus has to be, reforms on
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entitlements -- neil: but, you know, in the aggregate everyone agrees with that, congressman. yeah, we've got to get entitlements under control until you get into the brass tax, and look at the heat chris christie's taking, he's the only one who said we've got to do something about social security, we've got to means test it, advance the age, and in his case he was saying over 2025 years. but nevertheless, he's ripped a new one. people say, yeah, i agree with you as long as it's not my social security, my medicare, my medicaid. then they drop you like, you know, bad news. >> well, here's the difference, and here's a plan. you keep it as it is for your near-retirees and retirees. the millennials who are saying you've got to do something about this, then you come up with a new approach that is going to enable them to get the money back that they have been paying in. and then you look at your health care costs, medicaid which is the largest of your entitlements, and you find a new way to deliver those benefits. maybe it's block granting it
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back to the states. the point is this: you cannot continue to rack up this debt. there has to be a plan to pay down the debt -- neil: but even when you do that, congressman, and i give you credit because you've advanced this argument before. [laughter] you've been brave enough to tell it and survive it. god bless you, but i'm just saying that when people go on that third rail, touch that third rail, you're crucified, and they say you're trying to kill grandma, throw her off a cliff. you know the drill. >> yeah, but the fourth rail -- neil: why aren't they ready to be honest with the american people? >> well, and i think that no budget gimmicks, no tricks, honesty. these are the problems, and the problems are we are spending ourselves into oblivion -- neil: yeah. >> and when you have the joint, chairman of the joint chiefs of staff july 6, 2010, saying the greatest threat to our nation's security is our nation's debt -- neil: absolutely. >> -- you better be getting your house in order. neil: all right. >> and it is time for us to do that, and i hope that my colleagues will join me in
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trying to say no more borrowing 14 cents of a dollar $. neil: yeah, the american people are more of an adult than either party realize z. >> absolutely, you're right. neil: congressman, thank you very much. we are getting updates on these tryouts for ralph's job. first illustrations coming in from these back and forth interviews. this was including tom brady. [laughter] this might cost him. he looks a little serious, a little too, you know, frankensteinish. that's not going to help. also roger goodell not exactly wowing them -- there you go. >> boo! >> he's out. still in the race technically, this fellow. we've got a little outlandish, but friendly, very friendly. and willing to suck up, willing to say that i'm the greatest anchor of all time. some of his cast mates similarly enthralled. that's the way i like it. we'll have more after this.
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♪ ♪ neil: all right. we've had so many drone sightings, right the? well, get a load of this. the faa is reporting that pilots now are saying you're not imagining it. they themselves are reporting a more than doubling in drones on their part over the last year. in other words, pilots flying in and out of airports have seen double the number of drones they were seeing last year at this time. and these are the guys who have to kind of fly around them and not hit them, so they're concerned. probably you should be concerned. and probably you should be concerned about what is going on in china right now. things stabilized, albeit slightly, but they're a long way from stable right now. the concern here that china just sort of dodged a bullet, but it will hit another bullet and will we'll be shaking in our boots. larry glazer said china might delay a federal reserve rate hike. i think you might be right about
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that, lar, but my thinking is not by much. in other words, if it's not september, it'll be november or december, but we'll still get it. what do you think? >> well, certainly, neil, letting china's economic decisions drive our economic and fiscal policies is a mistake. and the fed has a responsibility to act. the fed has a responsibility both to maintain its own credibility on the world stage, but also to prevent future imbalances, to prevent bubbles, all of which could happen in the u.s. economy. we've spent billions of dollars bailing ourself out of the last problems that could have been addressed had we caught them early. neil: doesn't that hurt the fed's credibility all the more? waiting for goodell for this to happen, and then you push it off and it's like, boy, this is old. >> sure. i think that's right. case in point, today there's two big news stories out that i think really articulate what's going on. one is the cover story of the "wall street journal," concern of another commercial real estate bubble. again, enabled at least in part
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by cheap money, a lack of investment opportunity, lots of leverage being created, potentially a future bubble in the making that the taxpayers will be on the hook for. the second story out was yesterday we saw the biggest day for stock buybacks since 2011. again, that's not creating jobs. it may be boosting stock prices, it's not building factories or helping the average u.s. consumer. that is happening, again in part, because of the fed's inability or unwillingness to act. i think this sets the stage for the fed to take action because the economics in china can't be grieve driving our bus at -- can't be driving our bus at the expense of retirees in this country. neil: larry, thank you very much. we've got gordon chang on what's going on in china. of course, you were way ahead of this. now we're getting signs of this, but are we overdoing it? what's your sense? >> china is almost underdoing it because, you know, every expert
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says if you're going to devalue, do it once, do it big, take everybody by surprise and leave no incentive to attack your economy. but what china did in 1934 was a 33 -- 1994 was a 33%deval in one day. we saw one tuesday, wednesday, thursday, and now chinese people have the time to actually take -- [inaudible] and take it out of their country. neil: is that happening? >> in the last 12 months, somewhere between 520 to $800 billion of capital outflow has left china. neil: all right. i just want to explain this chart because this must be a leftover from ralph -- [laughter] shows that the yuan has been collapsing versus the dollar. i want this removed. gary, i'm thinking of this: we're not done. this whole issue with china isn't done, and the impact on us isn't done. >> exactly. gordon made an interesting point about not being able to attack china's economy.
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i don't think anyone needs to attack china's economy. i think china's economy is being attacked from within. you look at all the indicators, the major ones we look at here, cement production is down, electricity production is down -- neil: are they going into a recession? >> yeah -- >> steel is down. thank you. and then here's the big -- >> first time in 20 years. >> remember the accusations when we had our financial crisis that there was this shadow economy, things going on we didn't know ant? that sounds a lot like china right now. neil: but if you're a u.s. multi-national and you do business, you've heard the drill, are you nervous that you're going to see more of a selloff? >> i -- well, certainly with the devaluation of the currency, it's going to affect our exports. and so for anyone -- and there's a lot of countries that rely on china as an importer -- it almost has to, right? >> certainly does. you know, in q2 about 50% of the s&p companies in their earnings call mentioned china. most of them --
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>> exactly. >> -- in a negative way. neil: apple's revenues, right? >> apple is, in a sense, in an interesting position because it does its manufacturing in china, so it helps on the manufacturing component. but because of the downturn in the chinese economy, you have fewer, you're going to have fewer people buying apple products. alibaba's bad earnings report is basically apple's future. you go two, three, four quarters in the future, you're going to see apple's consumer sales in china probably declining. >> you know, the other thing that was interesting, and this dovetails with our internet bubble. the fxi, the etf that kind of tracks the chinese large caps, was up 50% in a year. i mean, that's just, that looks like some of those pet.com and some of the other silly names that we had back in 1999-2000. so even if you don't know anything about china, you have to say -- neil: we could be witnessing a bubble bursting. >> exactly. >> we certainly are because, you know, the chinese government has really sort of arrested the
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decline in the stock market, but it hasn't dealt with the underlying problems. chinese economy is probably not growing at 7.0, it's more like 2.2. what they're privately saying in beijing right now. but if you look at some of the major indicators, it looks negative, actually. >> gordon's absolutely right. and the sad part is whether it's 7% or 2% growth, we really don't know. neil: they lie. all right, guys, thank you both very, very much. you saw this deadly blast yesterday in northeastern china. jo ling kent, how bad? what are they talking about? >> we're talking about 50 people currently at the death toll, and then we're looking at 70 to 0 people -- 700 people, which about 50 of them are urgently, critically injured according to the city government. this, actually, was felt far beyond the port city which is right along the water. the u.s. geological survey actually felt the impact all the
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way in beijing which is about 100 miles away. you can see that the blast was not just in the immediate area, but had repercussions elsewhere. a lot of buildings blown out, thousands of cars were also burned, and the entire area has been evacuated, neil. so we're looking at this video here, you can see the glass was blown out in buildings all across the area. this happened around 11:30 local time at night just as people were going to sleep. so the impact was very, very serious. the issue, the detonation came from a warehouse, actually, and it stores dangerous chemicals like compressed glass, flammable substances. and there is a concern, potentially, of why this actually happened. the information flow online right now has already been censored, which is no surprise. the government saying, president xi jinping saying he's going to dedicate an all-out effort to figure out what happened and help the area recover, but there
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are some very dissatisfied individual citizens living there who are really upset, obviously, about what happened. they're demanding answers why. looking at the pollution issue, neil, we're talking about serious air contamination, potentially groundwater issues. local officials say that the impact will actually blow out to the sea. those in beijing very concerned about any sort of debris or contaminated air and water coming towards that capital city. so that's the current situation out of china, certainly terrible pictures. neil: yeah. they already had a pollution problem. this is, obviously, worse than that. >> right. neil: jo ling kent, thank you very much. we want to alert you to a change in interest rates, the fannie mae 30-year fixed rising to 3.94%. it has gone down since then since a lot of these are pegged to ten-year treasury notes, went up in price, so expect that rate to go down when the next rate is
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quoted next week at this time. but, again, still under 4%. be. all right, the big push, as you know, is to just stop the irs. it's gone too far, too much, and that's not just coming from conservative groups who feel they were targeted unfairly. but average business types who feel that they were held up for ransom. the business owner who has the scars and the bills to prove it, after this. ♪ ♪
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politico of some juicy ones including this where ms. lerner talks about republicans. they called me back to testify on the irs scandal, i took the fifth again because they've been so evil and dishonest in my lawyer's dealings with them. still another on pictures, quoting ms. lerner, i looked like crap. i don't look like that anymore, but it serves their purposes of hate mongering to continue to use these images. again, we're going after servers, maybe we should collect hers as well. good luck on that. that is not happening, but we just thought we'd bring that to your attention, that she was no fan of the people pointing fingers at her either. all right, you've heard this back and forth about business owners who have their funds confiscated because they made certain withdrawals, and it got to be a big deal because a lot of businesses were ensnared in something they were just doing in the conduct of their business. well, now we've got lizzie macdonald to report on how widespread this was at a time when some bipartisan lawmakers
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are demanding the irs return this money. what was going on? >> there's this law that says, you know what? if you make less than 10,000 in bank deposits or withdrawals, then your bank has to report that activity to the federal government because the federal government's trying to crack down on, you know, drug traffickers, money launderers, terrorists even. but what's happening is these companies that operate small businesses that have a lot of cash-only transactions, they were doing that. they were doing it below 10,000 and getting caught. and so the irs was sort of doing this thing where it sort of seized the money first, seized the bank account first and then asked questions later. so these small businesses literally were getting impoverished and nearly bankrupted by the irs. the irs is sitting on the money, and now we've got a group of congressmen, republicans and even democrats like charlie rangel, sending a letter to the treasury secretary saying, you know what? enough. give these small business people their money back. the irs is being abusive and is
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wrongfully seizing their money. neil: all right. i want you in this mix obviously, lizzie. randy, a creamery owner. you're just trying to make money on farms and what have you, they confiscate your funds, and i guess you won, but they still have close to 40 grand of your money. explain what happened. >> well, we do a lot of farmers' markets, and we have a store on the farm where we collect a lot of cash, and we were depositing that money on mondays in an account. actually, my wife went to the bank one day and had more than ten, and they said, you know, if you keep this under ten, then we don't have to fill out all this paperwork. so that's basically what she did for 32 weeks. that's what they asked her to do. and sometime in february, about three years ago, the treasury department shows up with two agents here one day asking me, you know, about my checking account. and i had no problem talking to 'em.
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i thought someday, you know, the government might show up and want to know where we got the money, but i didn't, you know, didn't have any reservations about talking to 'em because we claim it all, we deposit it all, we do what we're supposed to do. neil: anyway -- >> in the interim -- neil: what'd they say when they first came to you, that they thought you were hiding money? what? >> no. they just said that they wanted to talk to me about the account, and when we got to the question where the money came from are, and i said, you know, sometimes we have 12, $14,000 a week that we have to deposit, and then they pretty much stopped asking questions because, you know, that was more than 12, and they never saw any deposit, you know, 12,000. they kind of stopped questions and told me that they had seized my account of $65,000. >> so, randy -- >> they told me at the time -- >> go ahead, randy. >> they told me at the time, these two agents, they were nice, i had nothing against them. they were doing their job. and they said we can see you're
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not a money launderer or a drug dealer, you have a legitimate business here. but since it's gone this far, it has to go the rest of the way, and he gave me, you know, the court date for my hearings and said, you know, if you want to defend yourself, you're going to have to do this. >> so, randy, it's liz macdonald here. so they took, i think, around 29,500, they're keeping, as neil said, nearly 40,000. what happened when you spoke to the local press, a reporter about this? >> well, actually, they took 65,000, is what they originally took, and they kept 29 of it. my lawyers said i shouldn't talk to the press, but i told everybody that a farmers' market is what had happened to us, because i was pretty upset about it. i got a call from a baltimore city paper, and he asked about the court docs and wanted to know if i'm mayed make a comment, and i said, you know, my lawyers say i shouldn't until we get this thing settled. and he said, well, i'm going to
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write this story, and it don't look good in your favor, and so i told him the whole story. he did a really good job. after that point in time, they pressured me harder. because i went to the press, you know, i had to go through different things that we knew people in the same situation didn't have to go through. neil: bottom line, they still have all this money of yours. any chance you get it back? it's your money. you did nothing wrong. >> i did nothing wrong, and hopefully by the, you know, getting this out in the public and, you know, i did testify for house ways and means, and rangel was there, and they were all upset. and for them, you know, requesting or pretty much demanding them to give me my money back, i hope i get it back. we were all falsely accused, and they didn't care whether you went out of business because of it or not. it budget, you know, a concern of theirs -- it wasn't, you know, a concern of theirs. neil: randy, i don't know how
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you deal with it, but you did. lizzie, i'm look at his plight, we're all focused on the irs and overreaches in other areas, this is just crazy. >> yeah. and this has been a problem that's been going on since the late '80s when i started covering the irs. it's mind-boggling -- neil: collect thousand, ask questions -- collect now, ask questions later. >> the irs, the commissioner, by the way, did apologize at a hearing. the department of justice said we're not going to do this anymore. they're still sitting on the money, and the incentive for them is the irs gets to keep a cut of that money. then you have this dragb net of these agencies saying, you know what? we're going to go after these things, you know, basically because it helps their budgets. that can happen. neil: good reporting, lizzieth randy, hang in there, the my friend. can't believe with it happened. man, oh, man, these are your tax dollars at work. by the way, now it looks like bill clinton to the rescue. he's working now, hillary clinton just tweeting out a
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neil: all right. i think samsung is trying to steal a little bit of apple's thunder ahead of apple's big announcement next month, debuting two new phones with bigger screens. these are 5.7 screens, that is 5.7 -- [laughter] obscenely large. you just walk with it like a date can. no, they're very, very big screens, and they're bragging about the fact that they have more mega pixels, which apparently means sharper pictures. they're more innovative than they are -- well, evolutionary, i guess, is a word. on that and the type of pressure these guys are under to do something dramatic when they can at best just sort of, you know,
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bring in a little bit more but not a whole lot of new stuff. >> yeah. that's, essentially, it. samsung comes out, and they've got a good lineup of new products, but none of these have blown the doors off. you're not seeing crazy new functionality and features. obviously, there are improvements, but that's typical -- neil: it's going to be improvements over the same. >> right. and that's what apple's stuck to, six was a big, dramatic change in terms of size and design, and the s is like, you know, better, better components, but not dramatic can. neil: the s, when et comes out is going to have a sharper camera -- >> better processer, better battery life, but you're not going to see a new form factor or, who knows, holograms or anything fancy like that. it's going to be straightforward. neil: where's the big, revolutionary, jaw-dropping, you know, gizmo? >> that's the issue. we really haven't seen one since the ipad. neil: with all these guys. >> i think the problem is they
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sort of ran into that issue where every year they were making these big leaps, and suddenly demand fell off the cliff. neil: what about a bigger ipad? >> that is definitely coming, but i don't think that counts this terms of revolutionary device. neil: do you think this is why verizon has dropped their contract, a lot of people are stuck with the iphone 6s they bought. they can't get out of their contract, so there might be a limited audience, the same with samsung? >> this happens every year. i think there are a number of people that bought the 5s, that their contracts will be running out, and they'll buy a 6s now. obviously, these years are not as strong as the years when apple releases, like, a brand new -- neil: are you a galaxy or apple guy? >> i use apple personally. neil: i think the galaxy is a superior camera. >> yeah. the camera's very nice. i personally like the os, how the phone works on apple quites. neil: -- devices. neil: but it is more friendly. >> apple goes to that top tier. you're not going to see a $100
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apple device unless it's a few years old. obviously, android devices have later option. samsung certainly makes lower-end options. these are not them -- neil: right, right. i wonder if they cannibalize their product lines, each of them, do you know what i mean? >> yeah. again, apple ran into that issue with the ipad. at this point i'm a tech guy. i love tech stuff. i have no incentive to buy -- neil: what's the largest they can make a phone? this is a 5.7 -- i'm joking. is that as large as you can go? >> i don't know if that's a phone. it's a phablet. neil: i see where you're going here. i understand. that's about as big as you can go, right? >> i guess so, but who knows? neil: thank you, my friend. >> no problem. neil: we'll know what apple says next month. in the meantime, if you can't afford one of these phones, why don't you just buy yourself a boat? jeff flock, lake michigan with
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the prince we can corporation ceo -- brunswick corporation -- >> the show come back? you can't tell? neil: hi, jeff. >> call failure. neil: okay. where is ralph when you need him? ralph? [laughter] he's still in the control room. he snuck in, and what happens? oh, it's not ralph. there's no one in charge of the show right now. look at that! [laughter] sneaks in. we were going to go to jeff out with leisure vehicles -- he's not ready or he is ready? ralph, you're back now. do you have any news to share? there we go. [laughter] ralph escaping now in a vehicle like hawaii 5-0. allall right, jeff, the leisure boats are -- >> we had a real plan, we worked the plan, we communicated it, executed well, and now our shareholders are ing pid. >> ive g tosk uow y el aouthis ecomy rht now, becse your company depends on people having enough
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money to buy a searay, what is this, slx? >> 35slx. >> about 300 grand. >> yes, sir. >> how do you feel about people having the money to spend on that? >> very comfortable. the economy's growing, not as fast as we would like, but we'll live well in a 2% gdp growth economy. >> that's a positive note. retiring, headline is you retired in february. >> that's correct, end of february, 2016. >> only ten years on the job. >> yeah. and it seems like yesterday, jeff. it's been a great job. i have the best job in america. >> today i would vouch for that. there you go, helm, and all -- neil: all right, jeff. [inaudible] all right. thank you, jeff flock. we've got social security, and it turns 80 this week. tomorrow the formal birthday. well, of course, everyone made a big deal of that, including ralph, who said, no, no, no, neil, it's friday. then they had the big cake
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cutting. let me ask you someone, if you see someone cutting a cake and saying happy birthday, social security, wouldn't you take the leap and say, oh, must be social security's birthday? nancy pelosi, who would doubt her? it's not as if she would lie to us. so nancy's right, ralph is wrong. i didn't think i'd live to say that. go, nancy. ♪ ♪ 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. 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.
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neil: to the stuff that started a fight with ralph. future of social security in question on this eve of 80th birthday. we asked a lot of people whether they're banking on social being there for them. take a look. >> i wouldn't put it past the government to borrow a whole load of money to make up the difference. >> to be honest with you, it would be really nice if social security was kind of like still there. >> i heard you have to save for your retirement and you can't really count on social security. >> i don't think i will have social security by the time i retire. >> we were told our generation is not going to be getting it what i understand. which is wrong. you're working to pay the government money and not getting anything out of it. neil: but that last guy was definitely a charles payne viewer. angry, no reason, just angry. here is my buddy charles, how to invest if that is the case, the government isn't going to be there. they're not confident. >> they're very, very smart. of course i think somebody hit on it. they will print up some money.
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what happens the more money you print up the less real purchasing power it has. neil: what do you tell kids? >> these guys are smart. i think they're on it. they deserve to get something back. face it, neil, talk about social security, it's a scam. it is a scam out the gate. it is catching up to us. average age of male in 1935, 59 years old. woman was less than 64 years old. they were going to pay you money at 65. they didn't think you would be alive. of course they collected from. they didn't expect people to live to 100 routinely. neil: a lot more paying in. >> all of sudden scales start to tip. disability is broke next year. they know it is hip and young where the world is going. i have a lot of confidence in them, once they have confidence in themselves they will take control of this. no one, it is interesting, we do describe it as a safety net. if it is such an amazing safety net why are some people's primary source of revenue or
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income later in life? neil: by fdr's standards third leg after stool that including savings. >> exactly. neil: i don't want to get into debate how we fix social security. assume the worst that it won't be there for younger people. how do you guide them? what do you tell them to do? >> start to invest. ultimately, money should work for them. when they wake up in the morning their money is working somewhere tempting to make money. you have to get rid of this yolo, you only live once or fear of the moment or cute acronyms that the millenials live their life by excuse for overpaying for rent and overpaying for everything else. forget about it. neil: don't say that to gasparino. >> i think it might be rubbing off. i like the millenials unlike charlie gasparino. they are brilliant. they will live a long time. neil: time is on their side. they will go through market swings. >> half their money is in cash, neil. they're sitting on cash. neil: if they're sitting on any cash at all. >> if they are, they are sitting
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on it. take it to blow it on vacation to italy. i understand. neil: what is wrong with italy? what do you have against italy. >> i should have said poland. neil: always italy. always comes back to italy. watch charles payne's show at 6:00 p.m. it's a great show. onus on charles he has to make you money. for me i have to pick on people who do this show. more after this.
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>> we are back. i'm connell mcshane on "cavuto: coast to coast" with your fox business brief and we're briefing you on this the dark side they say. new bad guy coming into the "star wars" movie. waited this long into the show to tell you this? "entertainment weekly," "star wars" the force awakens. look out for somebody named kilo wren. dart vaderesque. wears a mask. neil, people care about this thing. luke cause films, parent company of disney. they have been leaking out bits and pieces of info before the film debuts later this year. take a quick look at stock market. then the "cavuto: coast to coast" program will return, produced once again i believe by ralph with the dow up 160 in just a moment.
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neil: you know, it might not be such a done deal this whole iran thing. more and more are bolting from the president on this for some republicans not too surprising. but number of democrats. but it began with republicans questioning what iranians were up to here. congressman trent franks from the fine state of arizona just back from israel. he is reading into this a lot more angst than anyone else.
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congressman, what is the reaction you got in israel and what is the fallout you think? >> we went to israel and egypt. of course the saudis were in my office two weeks ago. the president has suggested israel is the only one that is upset with this deal in the middle east. that is blatantly false. both egypt and saudi, at least privately saying this is a very dangerous deal for them. of course the israelis are, in my judgment more fearful than they have been in my lifetime. they understand this deal puts iran on trajectory to become a nuclear-armed nation. they know that if it is not interdicted somehow, either by congress or the next president, that this changes the entire course of human history. neil: now, did you ever get a sense going out there, first meeting with all of these people, even though it would be rejected in the house, it would be uphill battle to get 2/3 majority to override
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presidential veto? ditto in the senate? that used to be the fear you reject it but never go far enough to topple what the president wants to do. has that changed in your view? >> well i think, you know, the history is that 2500 vetoes have occurred about in our country's lifetime and only a little over 100 have been overridden. i think on national security or foreign policy issues that is 32-2. it is rare for this to happen. this is unique it could really change history here and i think we have a chance to override it. you know, neil, i understand that a lot of intense discussions occur here. mike huckabee took awful lot of flak for the way he phrased this deal but the reality is -- neil: talking about the oven remark? >> yes. but the reality is, unlike the left, mr. huckabee had his history right. it was a feckless peace in our time deal negotiated by a weak cowardly leader with an evil
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tyrant that facilitated the advance of germany in world war ii to the extent that it occurred. i just have to say to you, that i hope that america will consider history here because this will be the first time that jihad could put its finger on the nuclear button. it could put our children on the path to walk in the shadow of nuclear terrorism. it could change the entire outlook of humanity. and this is unnecessary. the congress still has the capability of rejecting this. i hope they do. i promise you some of us will do our very, very best. neil: trent franks, thank you very much. that vote will come up sometime next month. meantime another thing causing great consternation and epa, whether it goes too far. we have the river sludge spill that has turned much of the area into just toxic wasteland here. dan mitchell has been looking at this and said the epa essentially blaming this on
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contractors loses sight of the fact that maybe it should have better oversight of those contractors. dan, they do this with a wink and nod to say, well, this wasn't us per se. this was contractors. and they were coming up to clean up abandoned mines, hint, hint. not our mines. these are old abandoned u.s. company mines. you know what is going on here. they're blaming somebody else. what do you think of that? >> they're blaming somebody else but the contractors in effect are an extension of the epa bureaucracy. as a matter of fact, they're the so-called beltway bandits where you have bureaucrat, they leave government service with their fat pension. they set up a company that gets contracts from their former bureaucracy. they're in effect the shadow bureaucracy that gets very lush, plush, lavish contracts to do things that the epa or other bureaucracies want. what we're seeing with epa sort of like we saw with all the failed obama care websites where
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you had these contractors building websites that didn't work. they get rich. bureaucracy spent money. but, look at end of the day? people are being hurt. neil: gina mccarthy is talking to the press now, trying to stay ahead of this. saying she will be on top of this. to be fair, this is a lot of stuff she inherited, i don't take away from that but we don't give slack to companies, various bosses or bp, exxonmobil, made the same claim that lot of contractors were behind and a half fuss they had. having said, what happens to the epa, they're very strong on emission standards, still pushing hard to do things number of courts, including the supreme court say they can't do unless they weigh the costs so i don't see them slowing down? >> i would like to think, cross my fingers pray to the gods, whatever, i would like to think that the epa would suffer in the same way that british petroleum
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suffered for the oil spill in the gulf but unfortunately doesn't work that way with government. i wouldn't be surprised at end of the day that the epa will go up to capitol hill, we need even more money to solve the problems that we created with our poor oversight and dealings with contractors which again are probably just former epa bureaucrats cashing in on the outside. neil: so weird. very much, dan mitchell, cato institute. senior fellow there. look what is going on with tesla. it has had a rocky last couple weeks. sales not up to snuff. concern with new models and rest. the fact the stock is clawing its way back. the there are indications has nothing to did with the car. everything to do with the company's plans to buy more stock. will that be enough to keep green arrows going? after this. the promise of the cloud is that every organization
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neil: dagen mcdowell, connell mcshane on that. dagen i understand before we get into that, you're whining about something. >> do you have to have certain body parts to interview for producer job. you interviewed every dude walking up and down sixth avenue last couple hours. where are the women and ladies. neil: didn't think of that. >> we must have forgot something. >> did we threaten you or frighten you? neil: we interviewed, ralph, someone available. we have someone in that criteria. >> his job interview was canceled. that was not promising. it was between connell and goodell. goodell got booed. connell is sound like goodell.
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>> boo, boo. thank you, dagen, for making things -- neil: there is good gel when he arrived. that -- goodell. that did not sit well. tom brady is being questioned. he is still being questioned. he was forlorn looked like not getting job. >> that was ralph. neil: is elmo a woman? we don't know what is under the red suit. elmo is a woman. >> big bird is definitely a dude. neil: big bird is a dude? >> yeah. >> only thing make this is funny is the name ralph. the fact his name is ralph is funny. neil: don't you think like it is wreck it ralph. we will show you more people that applied for this job. meantime i did talk about tesla. something about, by the way, if we get this job, you qualify for a free tesla. >> there you go, dagen. charge it up. >> tesla will sell half a million dollars. half a billion dollars worth of
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stock. right this would be today loriian if the stock market wasn't hot. delroria in couldn't raise money. this ought mow taker will burn through millions of dollars of cash. they're nice. but how many do they sell? neil: a lot more than they used to. >> that doesn't matter. this is very strict, tricky stock. neil: you sound like anti-environment -- >> $50,000 a year. coming out with su v-necks month. cheaper model doesn't come out until 2011. >> was supposed to have the suv a while ago. >> they have a long way to go. neil: so you're not buying this. >> one word, delorean. >> elon musk has done a nice job creating time. last time we talked about test last, scaling back on expectations you lower the bar
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and jump over. they do things like that all the time. they need to raise money. neil: still the electric capacity. 40 miles to charge? >> they need to make a batteries a lot cheaper than they make them. neil: i want to switch to greece now. we hear crowds assembling in athens. they're not happy with the latest deal. stop me if you heard this before. i thought this was rally in sympathy with ralph. it is not. they're complaining about this deal. where have we seen this before? they don't want the government to sign on to more concessions. >> this is again -- neil: can't get out of their own way. >> greece is bankrupt. this deal they have cooked up, we'll revisit this exact issue a few years from now. neil: latest is a third package to deal with the second bailout package. take it from your visa credit line to pay the mastercard bill. >> pretty much is that, right? i don't even know what to say about greece anymore because we've talked about it, to
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dagen's point we were talking about it the exact same way two or three years ago. not like anything necessarily new has happened. just the number next to the bailout is different. it is bailout number three. neil: everyone thought we dodged a bullet. that they have enough to go for few more months. not even couple days they're back at this. >> china has much greater global impact than greece does. china, that has direct impact on the united states. neil: you would ignore greece for time being? >> i would ignore shouting. unless they all get naked, hey, wall-to-wall coverage 24/7. neil: i want you to know we have interviewed a number of females position. >> name one. neil: look at one finish ad interview. we asked kate what her call equations were for this position. >> you did? neil: we did. and, then cast of victoria secret models who said they were much better looking. >> remind you about victoria
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secret models, i was forced to cover that show on the fox news channel. those women don't look good up close. >> you were able to cover this. >> bad teeth. bad skin. neil: they're extremely thin. >> but like bags, they drink a lot. some of them. >> aren't we running out of time? neil: fortunately we are. ralph's position has not been filled but we will have announcement because we do think we have winning candidate. it will be announced momentarily, along with our chart of the day. they are joined at the hip. >> oh.
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>> it's the chart of the day. neil: we always tell but a chart that sums up something very nicely and gets right to the point so there is no confusion. this is it. really? really? july retail sales, looks like a geiger counter. looks like, are you kidding me? the point here we're saying they're very volatile,
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ex-automotive even more so? boy, i don't know who has taken ralph's place. can we go in the control room. this looks like a ralph chart! >> great. >> show the chart, please. neil: there you go. back to ralph. retail sales. i have decided, i have decided, folks, made a decision, talking to roger goodell, tom brady, briefly had ploy on connell mcshane, very close to kate upton. just didn't pan out. she wanted money. we're back to ralph. ralph, i just want to spell out here though, that you were very demeaning and rude to me. you hurt my feelings. >> i have the job? i have the job? neil: are you listening to the show? >> all right. all right. neil: there you go. that is ralph. [booing] reaction of the crowd not good. there were a lot of people, said you wouldn't see this on cnbc. wouldn't see this on bloomburg. you know what? you're right. you know why you wouldn't sigh
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it on cnbc and why on bloomberg? because they have no personality. ralph just told me we have got to go, pops. way to go, ralph. cheryl casone in for trish. take over. >> neil, you know what ralph is really good at, really good at? neil: please. >> breaking news of the you set me up for some right now. neil, thank you very much. hello, everybody, welcome to "the intelligence report." i'm cheryl casone in for trish regan today. we're watching pictures coming out of athens that are somewhat disturbing. we have not seen any true protests taking place in the streets of athens over last few days. we'll bring you the news. now we're bringing you these pictures because this matters. instability of europe could be again called into question. this is greece. this is the government of greece who has never been able to stick to a deal. no one trusts them in europe. now you've got
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