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tv   Cavuto on Business  FOX Business  August 16, 2015 2:30am-3:01am EDT

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it, up 20%. >> gary b. >> can't by a rumba lawn mower yet but you can by toro. >> jonas. >> we need the good for whole foods. >> that's it. good-bye. forget hillary clinton's server. look at the poll numbers voters are serving up. hi, everyone. glad to have you. i'm neil cavuto. fl katie pavelich is right, and she's never wrong, of course, ignore a democratic money guy, you are not waiting to see what is coming out. you are cashing out. adam lashinsky, scott martin. the money guys, the donors are getting nervous and shopping around. >> they've looked at hillary clinton in the beginning an said she is the inevitable nominee, we want her to be the first female president. she's been want this for years. she's rae to go. had time during the obama administration to get better at campaigning. here we are and she hasn't gotten better as a candidate. they spent so much money so far
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giver home run the cash, they have two options, keep funneling money into her campaign much like the federal government and see if it goes anywhere or they can pull back and say let's take a look at our options here. joe biden is maybe going to get into the race, bernie sanders maybe not a viable choice for the country for winning the nomination, but we should take a look at that. we should acknowledge, though, that hillary clinton's support isn't just coming from these big money donors. $45 million she announced in july actually came to the majority of the people donating $100 or less. >> she has more than anyone else rumored or not rumored to be in the race. >> well, you know, money helps but there is something, and i've studied this, about the numbers and the money following the numbers. almost like all the money guys sit around and ordain a candidate. they're smart, they hedge their bets. wall street guys donate to both sides, they hedge their bets. the bottom line is as the poll
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numbers change, they'll say maybe we should hedge our bet which is maybe is why hillary clinton is spending a weekend in the hamptons throwing fund-raiser, reassuring these guys that, hey, somehow my favorables will get better, by untrustworthiness will get better, stick with me, i need your checkbook. >> i think a point that katie mentioned, adam, maybe you can talk to some of your left-wing friend about it, they're concerned. they love bernie sanders. they just don't think he can get much further than the nomination. they're concerned there's got on a more mainstream candidate to a hillary clinton. that's why biden's name comes up, the rumors we're getting about al gore. what dupg about that that they're nervous enough or that they are shopping around? >> on the one hand, i think they are nervous enough and by nature they're shoppers. charles is exactly right about that. that said, they also are not going to ditch good a good
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investment just because, you know -- >> well, i'm just saying they can diversify their portfolio. >> yes, and i think they will. but i think we've all been watching this long enough to agree that it would be foolish to dismiss hillary out of handle. i do think there are some reason for concern. absolutely. that's why we're hearing the biden stuff and the gore stuff and the money people will do that. they won't rip -- yank the ripcord just yet. >> maybe not, but if they listen to me on this show, i'm not one to brag but allow me to brag, i'm not taking anything away from her smarts, but she's a good candidate from afar but once in the race, far from a good candidate. if it wasn't this it would be something else that just claws away at her appeal. i think the party is discovering that for the second time running now and saying your husband you are not, and we are not only hedging our bets, we are
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actively sniffing out alternatives. that can't be good for her. >> it's not good. i urge you to call her bluff about a year ago and i thought you were crazy. who's counting a few months here or there. if you're these donors, a lot of these donors are high finance, medical field, academic, you're thinking about longer term than the primary. you're thinking about the presidency and asking for something back down the road. if suddenly she looks like she's not going to be in that seat, you better move your money out of there fast. remember, just a few months ago you couldn't get into these hillary fund raisers. nowadays she's struggling to get people to pay to hear her talk. she's having to send out these e-mail offers that say if you bring the coupon code you can get in for free, you don't have to pay 30 bucks. so stark and different from what it was months ago when everyone was lining up to hear her speak. >> do you think she's finished? i think she could be. the problem that the clinton campaign is having right now is
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their trust numbers. she's not only going down in the polls, she is nose diving in the polls and they are not doing anything substantial to get that trust number back. >> this is the time to nose-dive, right, zmarls still relatively early. >> nose dive early, but there's still that whole echo of the barack obama and that's just it. you read about after iowa how crushed she was, how she assembled the team, she didn't understand how it happened. i mean, that had to resonate so loud with not just her or her camp -- >> but new hampshire. >> but she was done, though. she was effectively done. >> charles makes a great point, to the earlier point that money isn't everything, right, because it shouldn't have happened the last time. it shouldn't happen now. you know, when you have all the money you should be able to win. but you're right. she's vulnerable. again, i'm not counting her out. >> money gives you some cushion for the bumps. mitt romney found that out.
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i think that, you know, she might get some kick from that. but i just don't think it will be enough. >> the republicans are better at that, by the way. the republican who has the best organization and raises the most money typically wins the nomination. we saw eight years ago that wasn't the case with democrats. >> if you're a big-money donor, aren't you going to look like a candidate like sanders who can master the grassroots campaign and get everybody involved? >> no. >> versus hillary? >> because the ones with pran brains in the party are not going to accept a socialist as their nominee. >> they're voters. >> it's less than what democrats have been offering these days. i'm saying this is not going to do that. >> i agree with you, neil. not the big money types. >> on the grassroots issue, that is something we haven't talked about. guess who has that offering available? president obama has his infrastructure, his network for his campaign. >> is he the one pushing biden? >> i don't think he's necessarily pushing, but when it comes down to whether it's going
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to be joe biden versus hillary clinton, you know, president obama doesn't have any loyalty towards the clintons. they've had a long-standing feud. he has some loyalty to biden and he has an infrastructure, a campaign structure of -- he needs to get someone. >> i agree, i think a lot of this trouble that hillary is in she might have been able to avoid it if obama had her back. >> i don't know. that's too much. >> i don't think it is. we were saying the obama administration dragged their feet on a whole lot of things they didn't want to deal with. certainly the level of not necessarily prosecution but investigation, leaks to "the new york times," it's been very peculiar and only come from one source and that's the obama administration. >> you know who got this is donald trump. he said something to the effect if you don't have a theme, you'll get dumped. his theme is anger at the status
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quo. people say specifics, but the clarion call is i'm angry, angry at the chooe, angry at the mexicans, angry at the way the politicians have goofed up. he's angry. define her campaign. >> that's the thing, you can't define her position, her campaign. she's stealing lines from elizabeth warren and president obama when it comes to what her policies are. when she's asked specifically about things that impact the base concerning ideology, keystone, she says if i win the presidency then i'll give you an answer on that. she's not even willing to take a stand on anything. >> she would not be the first candidate to do that, by the way. rick perry tumbling in the polls i asked him what about the millions of illegals already here, he said the same thing, i'll get back you when i'm president. >> true. >> rick perry, people have to volunteer for him now. remember, he was a leading candidate in the last election and he's already run out of money. i think the money thing is the right thing though, right now, because she doesn't have anything else going for her but
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the money. you talk about riding out those bumps, she need to ride them out right now. she does not get more cash in the coffers right away, neil -- >> one thing i admire about money guys is how transparently phony they are. i admire that. they will glom on to whoever's in the lead, right at the moment, and if she looks vulnerable they will leave her. like when charles was popular around here. >> just for two months. >> don't let the screen door hit you. all those folks screaming for wage hike, they got them, right? take a wild guess what's taking a hike. today on forbes on fox, what donald trump is staying about our massive tax code and some say we do need a businessman in the white house. and the administration claimed the bp oil spill would
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harm us for generations. why a different tune about the huge toxic waste spill caused by its own epa?
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business" for your saturday. you know, we called it, now a major fast-food chain is doing it. wendy's saying it's automating its receipts and all these things could replace workers as those mandated wage hikes kick in.
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charles has discovered himself when he goes by the fast food joints that everything is automated. charles walks in, has to make his own food, goes to the cashier line, check himself out. that doesn't leave anything in the drawer. that's what does it. but, you know, all kidding aside, can you blame the wendy's staff when they came out, the earnings report, this is the future? >> they made no bones about it. it's been clear. i look at all these reports. you look at how much food costs, how much staff cost, how much rent costs. they're working a margin so thin right now it's embarrassing. google of course and these other companies can do these kind of things. guess what? they have 50% profit margins. they don't have single-digit profit margins. most are small business who is buy the franchises. seattle 1,000 jobs lost in the first months of the higher minimum wage. you have to go back to the throes, the panic when the great recession began to get that kind of number.
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>> they were kicking around the 10/10 hourly wage you said if it's done in stages, fine, but when it started mentioning the $15 figure and even higher like in the los angeles area, game over. you cannot explain to some of these people the costs offing to business and how that enters into the cost that you have to bear. >> i was worried they were never going to stop in associations like the nra, national restaurant association, national retail federation, all knew this was going to cost jobs over the course of this hike. and guess what, it's not just the jobs that come right out of the economy. but it's also the impact that it has on those that get out of work. they get out of the workplace, they don't get any train, they get discouraged, they maybe drop out of the labor force so they rely on the government for unemployment benefits. it has a big economic event, impact, with regards to how this minimum wage hike happens an how
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it doesn't happen naturally but by force and it hurts businesses and hurts -- >> here's what happens, some on the left, they're very happy about other people's money. we go out to eat, charles, you treat. i'm not dealing with this. you're used to it. couple appetizers, three or four desserts, charles likes a fourth, but the point is it's not my money. all i'm saying here is that are we and should we be so surprised that there's fallout for this, especially this idea that people will happily bear the cost of paying more for burger and fries for higher wages. not the amount that's necessary to pay these doubling in wages. what do you think? >> you know, the part that doesn't add up for me, neil, is that i -- >> right. >> no, no. that makes total sense to me. but i read the comment that wendy's management made and i read it and i'm thinking, oh, you were going to automate
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everything that you could no matter wa the minimum wage rate was. right? they'll get their costs down anyway they can and they should. >> i think the senior vp -- listen to me. he already said, yeah, we were planning to already. this is expedited. >> right. >> that's the point. >> it's a convenient argument. they don't care about the workers. they were going to fire these poor people regardless. >> that doesn't help the issue. how does inflating the wage unnaturally to $15 help the workers in seattle when we see 1,000 people out of work? that doesn't help workers either. when you force the issue -- >> let me ask you this, very bright, conservative woman. >> thanks, neil. >> and your generation, the argument was people will happily pay more so folks get more. and i will take that to a degree, speaking of my generation. yes. just not double. not double. >> well as you know, the fast food industry has been struggling. >> how would you know that i
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would know? >> because you talk about these things all the time on your show, neil. i watch your show. >> very good. >> my concern, and i actually travel around to college campuses a lot, is people not getting their first opportunity to work and to do the basic jobs and to maybe get the skill set that maybe they won't need when they work at some big firm somewhere someday, but the basic skill set that gives them work ethic which is so important and you're seeing in the younger generations work ethic not being instilled because they can't get their first job. when it comes to them taking away these jobs and replacing them with machines -- >> do you think a lot of your generation is spoiled and want not you but a rel live the high pay and if they don't get it they're not doing it. >> a whole other argument we can have about the expectation people think they'll be getting straight out of college. on this issue of automating everything, i'm wondering if these companies have done a survey on the other side of this. what is the customer going to think about not being able to talk to a person, having to pay
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$8 for a meal -- >> the customer will love it. that's what they're afraid of. >> your food is ready. >> i'd rather talk to a person. absolutely. >> you don't go to fast-food restaurants do you. >> no. but i went to a steak house the other day and they had their wine list on an ipad and that was unacceptable to me. >> comparing a steak house. >> by the way, that just answered all your my len yaille questions. when we come back, look who is
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social security turns 08 on friday, and look what hillary clinton writes. this is social security's 80th birth day. congrats on reaching what some republicans think should be the retirement age. scott, really? really? >> really. i guess i forgot the balloons, hillary. i'm sorry about that one. look, social security is in a lot of trouble. we're running on, what, about 20 years left of her or him because it's easy. this is a, frankly, very easy math problem. we are taking -- putting out more than we're taking in. that's not going to work long-term. sure, we need to change it. yes, the politicians need to address it. guess what, nobody wants to talk about it, but just whistle by the graveyard and say, hey -- keep putting money in. >> in other words, that's her
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not so coded reference to don't touch, leave it alone. >> it's a political third rail, and she's doesn't have the guts to touch it, definitely. >> by the way, few republicans do. >> few do too, right. christie came out with a plan that i thought was overreaching, to be quite frank. when this thing started, it was a scam because the men didn't even live to be 60 years old let alone 65 on average. to scott's point, is going to run out of money too. next year the disability one runs out of money. the surge of people who claim disability because of mood problems just to let you know. >> when can i say up for that? >> what she's saying there is that republican efforts to address this and really christie is the only one that seriously has come up with a plan. saying, well, see, they're trying to throw off the cliff or make the retirement age 80. i know where this is going. >> they're just worried they're going to throw her off the cliff because, you know -- >> well, there is that separate issue. >> there is that separate issue. no, i mean, it is something that has come up a couple of times in
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the 2016 presidential campaign on the gop side. republicans actually want this issue to be addressed because they believe that they are being scammed that, their money is being taken away from them unfairly. chris christie, i do think overreached basically saying once you reach a certain threshold, it's only fair that you keep paying and you don't get the money back. whereas, mike huckabee is on the other end of the spectrum. don't touch it. it's the government's -- >> in this environment nothing gets done. what do you think? >> nothing gets done. there are some republicans that want to gut social security, period. >> oh, come on. >> there's not one of them that said gut. come on. >> scott. >> right. exactly. it's a government program that doesn't do any good. it should just be gutted, right? that's what she's saying. by the way, i think raising the retirement age is a good idea. >> not at 80. all right, guys. i want to thank you. thank you very much. >> it's good to be here.
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>> cyber security is the a big thing for many years to come. >> what do you have? >> russell 1,000 value e.t.f., neil. some of america's biggest companies at a good price. >> scott. >> when the going gets tough like it has been in the markets, the tough go to disney. dis. it's been hit a little bit on
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revenue and earnings projections, but i still like it here. >> do you think we're into something volatile here? >> extraordinarily volatile, but i think oil will set the pace and start to rebound a little bit. >> all right. e help. don't worry about social security. do worry that you're not missing that. >> i want to cut taxes, but i want to simplify the tax code. the middle class is being killed. i want to put h & r block, it's an ambition to put h & r block out of business. >> nothing personal against h & r block. the businessman candidate wants to downsize our massive tax code and cut taxes for the middle class. welcome for forbes on fox. the trump campaign telling me the donald's tax plan will be coming out in just a couple of weeks and his team may be reaching out to our very own steve forbes. before they do steve talks to us. joining steve today is michael, elizabeth mcdonald,

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