Skip to main content

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

12:00 pm
the interview on 60 minutes. climate change. my jaw dropped when i saw that. >> certainly the heat is on. turn it up. my time is. neil cavuto is here. it is yours. >> we expect so little of these interviews in mainstream media. you see one point where they argue ever so slightly. it was not that. it was new. different. thank you, my friends. here is what we are looking at right now. this big concept. the republican and democratic
12:01 pm
party. meeting with this no labels group. enabling donald trump. one person will not be speaking to that group. hillary clinton. she has some scheduling conflicts there. what it could mean. a top official. how big a deal that she could not make it to this event. >> the fact that she is not they are dressing this important coalition suggest that she is worried about her biggest problem. going to a massive audience that will view her as inauthentic. much like many in the democratic party see her to be.
12:02 pm
focusing on the debate tomorrow night. rather than addressing this coalition. i think it is a mistake. i think that it will hurt her. ultimately, probably not that big of a deal. >> i would probably be doing exactly what she's doing. they are talking about how important this conference was. if she had to -- tomorrow is far bigger than today. >> that is right. she is the only candidate with anything to lose. she has to do one thing and one thing only. project herself as an authentic candidate. i tell your viewers to watch. watch for o'malley to hit her. bernie sanders to have her on policy. the first 20 minutes of that debate.
12:03 pm
they can paint her as a johnny-come-lately on policies geared to the left. they campaign her as the establishment candidate. it is going to be a long night for her. >> just off to dance right now. >> i have not seen it. donald trump will be the same donald trump we have seen all summer. talking about how well he is doing. i think you will connect with many people in the audience. i do not think that that organization is as interested in hearing about what he would be as president, as much as they are interested in hearing them talk about working with the other side. >> that is exactly what he said. everything you said. that is so weird. thank you very much. we are following all of these developments.
12:04 pm
hillary clinton. a state like nevada and south carolina. a lot of people reading into this. an ample amount of money that she has. some of the big problems that could be coming up in this campaign. this is the time to be having them. dagen joins us right now. on that issue, do you think that timing is everything? she may be stabilizing in the polls. this was the day we were supposed to find out. an event going on in new hampshire higher. drop the experience. spend money wisely. cushion the blow. she could be free and clear. >> trying to spend money wisely this time around. i know that the campaign has been very particular about that.
12:05 pm
i think he is right. tomorrow is an extraordinarily important day. not because she does not have anything important to discuss. positive messages about what she can do as president. you may have bernie sanders attacking her on policy. o'malley attacking on a process. she has been doing this all along. i do not think you will see hillary on the attack actually. what o'malley has been saying is , actually bernie sanders has been talking about this as well, complaining about the debates before. you want that stage. you want that opportunity. >> something that resonates with democratic voters. i think she will do really well tomorrow night. the expectations are that, you
12:06 pm
know, kind of stiff. she does not give a good speech. she is a pretty tough cookie when questioned. i think that is when you will see her, my prediction, she will surprise and do very well. again, barring a real major legal issue. you can talk to 20 lawyers. different opinions. she will be the democratic nominee. >> here is where her money makes a difference. normally, the front runner. it is good to have money in the bank. to stabilize. >> she brought in 47 and a half million. that was neck and neck with bernie sanders. guess where she is going.
12:07 pm
she is going to hit northern california and silicon valley. a fundraiser for -- christina aguilera is going to have one. the thing that will hurt bernie sanders is bernie sanders has vowed not to accept super pac money. she has money behind her as well. >> the latest quarter. >> 99%. >> people forget that president obama did a lot of fundraising. i reported this at the time for different network. he had an interesting fundraiser back in 2007. i believe running lehman brothers. >> the good old days. they gave him a lot of money.
12:08 pm
they raise a lot of money. that was the seed money. >> moneywise, what will hurt is you already see people who have backed hillary with their money. two major lg bt activists. they gave $25,000 each. then they have now turned around and given -- i know. >> going back to the original question. a way that you solve them in 2008. big donors and small donors. i do not think that you see that this time. that is what i think of the fundraising score. similar to obama strategy.
12:09 pm
>> do you think that that is a strategy -- >> i think that it can. this is not just her. democrats and republicans. remember what folks used to do. >> watch how authentic bernie sanders may look standing on the stage with hillary clinton. again, how she looks compared. >> here is what i would think. >> taking punches at a woman. >> she was ranked at one point. one of the smartest attorneys in the country. i do not have my ear to the ground. the west coast. the hollywood people. who they would support. i have my ear to the ground here on wall street.
12:10 pm
it matters. biden is barely a blip right now. could he become something big? yes. >> backing hillary. >> there is no fundraising apparatus. >> no christina aguilera is that. there will not be a similar one. that will be $7500. she has been practicing this. she has been practicing this for like five years. >> money is everything. >> it will be like -- he will look good from afar. >> no. no. >> you all are wrong.
12:11 pm
i dow that he gets it it. unless -- >> british opposition leader. >> i think that vice president joe biden gets in. i think it totally shakes it up. i would be remiss if i did not say go back to the point. barack obama in a great way. i think that what you are seeing from her is a great 50 state strategy. >> i do not think that that is true. >> having more charisma. >> i do not think that she is imploding. >> new hampshire. labels for less.
12:12 pm
who was that group, by the way? >> so. solving problems. >> thank you very much. donald trump. just spoke up there in new hampshire higher. still leading in the polls. you can criticize them all you want. still very much a guy out front. we will be speaking to donald trump tomorrow. she knows why. even still. what is it, gina? >> the fact that he is willing to criticize this administration. not even to wait. no, he is not. this is the magic of donald trump, in my opinion. it may be where he honed some of this.
12:13 pm
able to speak to every day people. they sort of go by the old ad. the more we do to you, the less you are willing to believe we are actually doing it to you. i will say this. you saying that the more on shows like saturday night live. the more appealing. people want to know what the fuss is about. doesn't he eventually have to iron some of these out. does he look at what has happened to jeb bush and chris christie. besides, you know, there is no bang for the buck doing that. >> position papers on the website. really starting to speak to some policy. maybe some presidential policy has happened there. the bottom line is he is still able to relate to the same person.
12:14 pm
the media, psychologically, have given him a factor, a billionaire does not -- >> a very interesting read. the president of the united states, you know what, barack obama. take a look. >> he knows how to get attention. the classic reality tv character. it is not surprising. >> running out of steam. you think that he will disappear? >> i will leave that to the pundits. >> that kind of stuff, galvanizing the campaign. >> that is a beautiful thing about this. it exposes obama, not trump. obama is very concerned about what a trump candidate is going
12:15 pm
to teach the american people about an obama presidency. he will not have to wait till the legacy issue. donald trump is willing to talk about it in terms that people understand right here right now. maybe, perhaps in some ways dismantle what obama hopes to accomplish. >> thank you. good seeing you again. donald trump will be my special guest. 4:00 p.m. eastern time. the president of the united states dismisses it. not being too concerned about that. he has to implode sooner or later. we will talk and find out. vladimir putin. a network of allies. the president responded saying he really has only one. vladimir putin.
12:16 pm
the one who's got it. a very worrisome network of allies. pay attention. ♪ when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision,
12:17 pm
or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use. insurance coverage has expanded nationally and you may now be covered. contact your health plan for the latest information.
12:18 pm
tand that's what we're doings to chat xfinity.rself, we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around.
12:19 pm
>> on a day we saw folks again downgrade, still above, but it is down. the companies managing director. i find it absolutely impossible. folks waken people knew. that is not surprising coming from a company official in his own right. the company has been playing out.
12:20 pm
laying out the top-tier management. something at the engineer level. rigging the animation. 11 million plus volkswagen vehicles. it is a mass. another mass is the situation in syria. how much of a threat we are facing with vladimir putin. the fact of the matter is, only one. serious. right now, he is desperate. joining us right now. great heroism. we were talking about this. think about it. putin has iran working with him. parts of iraq working with him. china is much more sympathetic to his position than our position.
12:21 pm
shrinking ally power. >> as long as we continue to look weak in the region, he is gaining momentum. the serious start to develop a relationship. a relationship that they perceive as strength by assad. it is great to see these missiles flying in the air. all of this builds strength in that region. >> they had the technology and the accuracy and the ability to launch missiles from 1000 miles out. >> technology that we have known about. probably something. >> we have been saying, oh,
12:22 pm
yeah. we have no way to prove this. >> we need to be ahead of them. three or four steps. you have a tremendous power vacuum in the middle east. what i am seeing with serious is chemical weapons. bashar assad has used them against his own forces. where are those weapons? they are backing away on their cooperation with us. nuclear weapons materials. in addition to refugees flowing out of the region. these materials are flowing out with people. >> where did they go. specifically concerned. someone in the new york state senate that looks like this every day.
12:23 pm
i would say this is something that we are not talking about. putin is expanding. all of these things to occur. >> you know, nothing to worry about. it is that underground stuff. that worries me. we are not really, that is far more worrisome than what we are doing. >> flowing out of that region in the world. radiological capability. i worry about the vacuum that has been created. >> good seeing you again. as you know, acquired by michael dell. step back.
12:24 pm
facing these markets. maybe they are seeing something a lot of the cynics do not. actually putting money on. ♪ ♪ is it the insightful strategies and analytical capabilities that make edward jones one of the biggest financial services firms in the country? or is it 13,000 financial advisors who take the time to say thank you? 'night jim. gonna be a while?
12:25 pm
i am liz got a little writing to do. ♪ it's why edward jones is the big company that doesn't act that way.
12:26 pm
12:27 pm
neil: you know, 67, $68 million. that is a lot of money, if you think about it. michael dell. all signed and done. connell mcshane on why now. and in this environment. with all the concerns that people would ease up on this. >> they are. overseas. raising the offer by 100 million. neil: still saying no. >> how much do they want here. >> you could commit to arguments.
12:28 pm
67 billion, by the way. the anheuser-busch raising the offer. over 100 billion u.s. dollars. here we go. people are willing to commit. put money where their mouth is. maybe there is something to that. a lot of this is strategic. moving away from what they once were into what they want to become. they want to be a different type of company. this is part of their larger strategy. if you are doing what you have always done, in that line of business, betting on what i was. putting the money towards that. that is because i am confident about what the economy is in the future. there is no guarantee that it
12:29 pm
succeeds. yes they are making a bet. no guarantee that their pet will make a difference. neil: you do it while they are getting good. or, you think that there will be help to pay in the markets. >> let's do it. just buying a house. let me do it now. there is a lot of money. yes, anheuser-busch steals a lot of money. it is more about strategy. >> thank you very, very much. near zero. $100 into something. sort of -- better to put your money in a relatively safe
12:30 pm
place. lose maybe 2% on it. you don't think that that can happen? talking about that after this.lr ♪ ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. you wouldn't take medicine without checking the side effects. hey honey. huh. the good news is my hypertension is gone.
12:31 pm
so why would you invest without checking brokercheck? check your broker with brokercheck.
12:32 pm
12:33 pm
sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. . neil: how low can these guys go? the latest presidential candidate to come out with a much simpler, much flatter, much lower tax rate and cut than some of his colleagues save maybe, i'm thinking ben carson?
12:34 pm
but 20% flat tax, this is from all sources of individual income after exemptions shield much of the workers income from federal taxation. no more marriage penalty, no debt tax, no alternative tax, the elimination of all tax increases by obamacare and that's just part of the plan he says is necessary now to goose this economy and, by the way, the senator will be detailing the plan on our fox news show a few hours from now, 4:00 p.m. when he spells it all out. but now like a congo line of candidates who have been tripping over each other, who offers the lowest tax rates? bottom line is you're looking to assimilate the economy, even the federal reserve seems to get into the act, negative interest rates to really spur this economy. gary, and liz macdonald on what that would meep. lizzie, it would mean for a lot of folks a jarring moment
12:35 pm
that they put money in the bank and don't get as much out. >> yeah. basically to pay the safe. neil: why? >> the thinking is that the way to get the bank hoarders who are hoarding their excess reserve to lend as you drop rates below. so they would basically a lot lose money if they parked at the fed. and instead of borrowing by making borrowing costs keeping, basically borrowing. there's a dire fallout. has seniors on fixed income going out on the yields curve into dangers of merging markets are not doing well, they're going into unensured money market funds and when you weaken the value of the dollar, it means imports into the country, those costs go up, so i'm not really sure it's a great idea. neil: you can look at this as just timing here; right? people are where? they're going to raise rates, are you not going to raise rates? and now in the public they pol go negative. what do you think?
12:36 pm
>> well, look, a fed head came out last week to mention negative interest rates, it is done on purpose, it is insane, it will not change the playing field if they do it and the bottom line is saviors are being screwed. imagine giving money to the bank and instead of you giving them a toaster, you're handing them a toaster. neil: you have money in an account, you're going to have less money coming out of that account; right? >> right. neil: you get squat and there lies my issue, they treat them like absolutely zero. that money should -- is going to the banks, gifted to the banks and, again, all of this is going on with the 0% interest rates, to keep markets afloat. if they move a quarter point one way or the other, it is not going to change what a business owner does, it is not going to change. neil: based on the expectation gary, that a quarter leads to more, never one and done, well, rarely i guess. what do you think? >> well, i think with this fed
12:37 pm
it would be one and done. these people want the lowest interest rates possible and how we got to the point where we have to watch this on a monthly basis like it's the end-all be all absolutely beyond me to go zero dash a quarter percent on the upside or downside is meaningless. >> it really hurts senior citizens on fixed in connection with, already they're getting their yields are turning negative on the u.s. treasuries because of inflation; right? and here's the thing. not really paying to borrow, it's about getting people to invest. and people are basically. neil: abubble; right? >> well, the fact is that the borrowing is not going on. because who wants to invest in a politicianary environment. neil: well, this year is a god-given order, and then a host of others. where is evans from? >> somewhere. neil: chicago. >> chicago, yeah. neil: so he's not dodging
12:38 pm
bullets out there, what he's talking about is the idea he would prefer a 2016 rate hike. he's not alone. a lot of these guys have kind of been getting all squishy on this. what do you think happens, gary, we go through this year without a rate hike? >> i've been saying for two years there will not be any rate hike. i don't see one, and i think -- for me in the markets, it is sickening that we have to be held hostage just about every month on it. again, this does not affect the economy. the only thing that it affects is the flow of markets. and they are interfering with the -- what i call the free markets, the fear and greed of investors because every month we have to wait whatever they're going to say. they are not going to raise rates in october, they are not going to raise rates in december. . neil: okay. they don't, lizzie, there may be perfectly valid reasons but they've drawn a line in the sand, fisher is saying, no, we didn't draw a line in the sand, i'm paraphrasing. >> yeah.
12:39 pm
neil: but what if they would? >> they would say a market pop but it would be temporary. neil: pop up or down. >> pop up. i beg ark pardon. it's really the imf and the guard who's basically weighing on pressuring the fed not to do it because of these massive amount of debts that's been deign take an out. neil: who are these other guys saying get off the diamond. >> that's interesting. you do have this going on there. but laid basically telegraph to emerging markets, you've got to dial it back because that rate hike is coming. neil: right. >> so that does set the ground work already,. >> the best news we can ever get is if the market starts to ignore everything they have to say and everything they do. every day there's another fed head out teasing what they're going to do and in the last week, three of them came out and they all contradicted each other. have fun with the markets with that going on. >> that's true. neil: that's a very good point. they've been changing their tune lately too. >> every day. neil: thank you very, very much. by the way, to lizzie's point
12:40 pm
of how this is a bad environment, you should see what it means for social security recipients. guess what's going to happen for the third time in the last four years? i'll give you a hint. nothing. awe believe active management can protect capital long term. active management can tap global insights. active management can take calculated risks. active management can seek to outperform. because active investment management isn't reactive. it's active. that's the power of active management.
12:41 pm
12:42 pm
12:43 pm
neil: you know, we should stress whatever prices and movement we share today dramatically lighter for the columbus holiday even though the stock market's are open, all markets are open, commodities markets open, the treasury markets are closed, that's why every time i look at the bond quote, it's staying oddly the same. but oil is not, it's sliding another 3% here so that so-called syrian fright that we had last week that brought over $50 a barrel, apparently short-lived but we shall see. but for now, down. another thing we're following this glitch that essentially caused big backups if you were a southwest customer, they say
12:44 pm
that they have fixed it but it came at a time -- do you remember the ipad problems that -- i think it was jetblue and the pilots had to ground planes because they couldn't communicate on these things. that's how they talk. but all of this generation, all of jo ling's generation. >> blaming itous. neil: are they up to speed? >> yeah. southwest says they have recovered and travelers can expect a regular travel day but really reeked havoc on the system. neil: what happened? >> they say it was technical issues, they did not specify but they did say hackers are not behind it. and what happened was it basically slowed down if not disabled the web reservation system, their reservation centers, and it was systemwide according to a message that they tweeted to a very disgruntled flier. neil: so if you were a flier, what did you have to do? >> there were long lines outside l.a., phoenix, people were waiting to check in their flights.
12:45 pm
one user described it as pure hell, no water, no food, and no sunscreen in phoenix. neil: that's ashley webster. he's the whiner, so they fixed it but you don't know what they fixed. >> business as usual now. but what they had to do was go to their back up system, which wasn't as fast. but to give you some perspective of what actually happened here, it was reportedly 450 delays on sunday but they have about 3,600 flights total on sundays. so it was a pretty big chunk of flights. neil: right. >> but it wasn't the entire country. neil: okay. now, it comes as i said i -- a few weeks, a few months, the ipad stuff with jetblue they used to carry all these notebooks reams and reams, and now they can put all of this here. but all of them black out or they had some problem with them. >> an outage. neil: that gets fixed but it
12:46 pm
reminds me these guys are almost too high-tech. >> well, the thing with any sort of technology that runs your system and even back ups it ends up being a systemwide problem. it's not like one guy forgot his binder of papers to get you to miami. neil: don't you see the danger on something that you report on every day, open the five-day door hell,. >> this is real. i can't not bring you the most important issues. neil: but i warned you. you were too young to appreciate the magnitude of what i was telling you. >> maybe. i think it totally went over my head actually. i didn't even acknowledge it. . neil: but, you know. >> you're right. neil: i'm sure there are going to be others. they are really dependent on these advanced systems that one part of it goes down, it really goes county. >> and being reflected in the boardrooms of these big companies. neil: right. >> more and more investment in two things. backing up and making sure that your systems can work if
12:47 pm
something goes wrong but then also protecting your cyber security status and making sure that hackers and cyber criminals can't infiltrate your systems and those two things go hand and hand and you see boards, corporate boards spending hundreds of millions, billions of dollars on this because it's inevitable. even though it's problematic, it's not like you're going to roll back and say we're doing all of this on paper; right? neil: or take the bus. >> or take the bus. from san francisco to new yor. neil: or san francisco to beijing. that would be a problem. >> that would be a problem unless they put floaties on a bus,. neil: a little condescending but i always admire. >> thank you. neil: thank you, jo ling very much, we're going to focus on that as well as some of these other technological in half use that are happening, and what if you had social security and you were wanting a increase? it doesn't look like you will
12:48 pm
get a increase. and physicality does pass out that way, it would be the third time in four years. more after this
12:49 pm
you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more.
12:50 pm
switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance.
12:51 pm
neil: all right. if you're on social security and you also are enjoying the lower prices for gas, you've got a mixed blessing those lower prices for impasse are going to affect how much is in your social security check and the way it looks, gerri willis, no increase. spell it out, gerri. >> a big zero, that's what our nation's retirees are getting in social security increases, cost-of-living increases, which you're used to getting every single year by law in inflation benefits the nation's retirees. but the opposite of that is if
12:52 pm
prices don't rise, retirees get absolutely nothing. the good news is that social security benefits do not go down. so they're not going to go negative but nobody's getting an increase right now, and i have to tell you. yes, gas prices are down but you may well be paying more for other things, like, some food that you buy at the grocery store, other items are going up as well. so, again, the nation's retirees feel that they've got a target on their back; right? because here we have social security benefits not increasing we'll talk later about what's going on with medicaid, medicare benefits that is. retirees in a vice grip. they can't make any money on savings, savings returns are down, down, down, and yet they're not getting anymore money in income. so tough roll here for the nation's retirees. neil,. neil: you know, a lot of them e-mailed me on the show and i said well, neil, i'm paying a lot more for my insurance, my drugs prices, can you lead me
12:53 pm
to anyone who knows what inflation measure the government is using to gouge me? and so i'll throw that at you. what are they using to factor out about the run-ups and health care-related costs. >> well, my understanding they use cpi for social security, which is something different than let's say what the fed uses. . neil: right. >> but i have to tell you. i don't know about you, but it doesn't feel to me like prices are going down necessarily in my monthly budget. i can only retirees who lived on fixed in connection with are really a tough time for them here. even though gas prices have gone down, they say lots of other costs out there, and this has to be a tough pill to swallow for those folks. neil: is it your sense too, i guess it will be on thursday. and then that rate holds or that -- whatever the benefit peg holds for the whole year. >> yes. that's generally the way it works. and if i'm not minimu
12:54 pm
mistaken, this is the second year where we've been in a levels where it has held steady, gone nowhere, and you know as well as i do when you're trying to make all those monthly payments, less money is not a good thing, you know? having the same income doesn't feel it goes as far. and let's talk about what the federal reserve has done to target these poor retirees. the returns you get on certificates of deposits, on money market funds, it's -- you're losing money ultimately to the little level of inflation that we have. neil: if you're in a lot of debt. not so -- >> that's right. neil: trying to do the right thing. gerri, thank you very, very much. this should be the first time in 40 years we see no increase in social security benefits. and i do want to bring you to new hampshire now, you know who is speaking right before him? newman. hello, newman.
12:55 pm
yes, he was up. i have no idea what he was doing. do we have video of newman? that's not looking good for you. that's not newman. bottom line, where dodd do they get these characters? but, again, this event with former governor presidential candidate. one of the things they're trying to get across is this idea that the two parties have to put aside knew each other, get constructive things done, chris christy is going to be the next guy up talking to them, and his argument has been throughout the campaign that he's the guy that gets past all of that and gets things done. but the plan is that each candidate speaks, hillary clinton is not one of them. she opted out in tomorrow's debate. and to come up with 25 million jobs over the next ten years and if they don't, well, newman. we'll have more after this
12:56 pm
12:57 pm
12:58 pm
12:59 pm
neil: well, hello, newman. take a look at this. new hampshire higher. what the hell is he doing? just as i figured. breaking glasses. apparently, a lot of actors are at this no label you that. governor jon huntsman junior. the former presidential candidate. that is him doing my job. celebrity newman. anyway. a way for both parties to get out of each other's way. come up with plans that can get serious issues addressed and things accomplished. the goal here, having to spell out how they will justify the jobs. spell it out how each would work with the other.
1:00 pm
donald trump has already spoken to this group. bernie sanders, not hearing from hillary clinton. she has decided to focus on tomorrow's big democratic debate. this really is what is going on here this frustration. they are both imploding. in their own fashion. what do you make of that? >> happy and different ways. they look both like unhappy families that are casting some real dow -- doubt. john boehner resigning as house speaker. kevin mccarthy expected to take his place.
1:01 pm
the one they won in 1928. they do not seem to have anyone who wants the job. neil: you fail at it, you are doomed. you will then speak for. dagen: the house. that is a pretty big job. >> it is a pretty big job and a rather difficult job. roughly with the members of the freedom caucus. basically willing to vote on important issues. common in history. willing to oust the speaker midterm. to put in a situation where maybe the democrats would have a chance to pick the speaker. maybe having no speaker at all. that is highly uncommon. frustrated after five years, they feel like they have had a
1:02 pm
popular mandate. they overlooked the accomplishments. flatlining of federal spending. they are unhappy about what they have not achieved. >> you argue that it is just as bad. they too are out of sorts with themselves. whether it lurches to the left or extremely to the left. what is going on? they are frozen in place. both parties. >> the strange death of the centerleft. the democratic party. a successful governing party. it seems to have abandoned all the energy and enthusiasm on the left. hillary clinton's progress to the white house has taken on the character of frazzled man.
1:03 pm
bernie sanders. leading her in new hampshire. threatening her and i was. raising just about the same amount of money. she is lurching to the left on issues from the keystone pipeline. the legal immigrants. don's. particularly the trade, transpacific trade partnership agreement. the gold standard in her book a year ago. >> real quickly, the fact that she is not at this event in men new hampshire. speaking after chris christie. does that hurt her? should she be properly focus on that debate? >> i think that that poses some tip falls for her. how much these other democrats, bernie sanders and three others
1:04 pm
who are ranging from zero to 2%, how much they will go after her. are we going to hear about the private e-mail server? i am guessing not. that is an interesting question. will we hear about her change position on trade. bernie sanders could be pretty tough on that. you know, she has changed her position in a way that is so intellectually -- there is no entirely dignified way that you can change her clothes in public. hillary clinton has put herself in a party and undignified life. >> she says she has evolved in six months. we will see. >> good to be with you. bernie sanders. a whole lot of heat on this issue. really a socialist. look at this exchange. how he defines that.
1:05 pm
>> you know what, do not use the word socialist. i will say i am a progressive. are you pushing back? >> one of you republican -- are you a capitalist? you refer to them as capitalist? >> are you a capitalist? >> no. >> anyway, it is interesting. vermont. when he came, a socialist and an independent. he promised that description. whether maybe in this new leadership role, depending on the state in the poll, getting a little nervous. what do you think? >> this is not new for democrats.
1:06 pm
of course we have not had a socialist running like this. go back to mccarthy. talking about how that worked out. barack obama into the left. i actually think bernie sanders was a gift to hillary clinton. as you know, neil, democrats have a hard time saying they are liberal. they will not go from being progressive to adopting a socialist as their nominee. although, ask your ceo how they feel about having somebody that wants to keep the government open and not disturb the credit of the united states. perfectly happy. some of them are tamer than the liberal orthodox.
1:07 pm
ashley, do you get a sense, though, that bernie sanders recognizes he has a very good shot at this domination. he has to put to bed these arguments. >> socialism works in vermont. i am from new hampshire so i can say that. the fact is, he is doing well right now. no alternative to hillary clinton. a lot of democrats are now challenging her to be pushed to the left. >> at the same time, what he is proposing is fiscally responsible. he wants to spend that in new spending over the next 10 years. socialism is fiscally a responsible. at the same time, her numbers keep slipping which allows him the ability to rise.
1:08 pm
will he have to push more to the center? i do think he will. am i a capitalist? no. those are the policies he will stick with. again, his rises only come with hillary's downfall. >> your word because they think that he is governor i think. a huge deceit. >> yes. if he were the nominee, it would not be a happy outcome. looking at people on the republican side. great to hold up as examples. they do not have to defend everybody else in the world with a defense budget. we could be like denmark and sweden, two. at the end of the day, hillary clinton's dip in the polls has stopped.
1:09 pm
hemorrhaging is over. every place other than new hampshire over of weeks, she is 18-20 points on average. >> the momentum has gone down. she is not attracted to the demographics that she is supposed to be attracted to. >> she is not, naturally, she is maintaining. a 20-point hedge. neil: state-by-state. >> you look at south carolina. >> sanders rally should worry you because there is a lot of people my age and younger that are there. very appealing and attractive. leaning more towards the center.
1:10 pm
that is why you see hillary kind of pushing back. i do not support gdp. i do not support all of these other things. same position as bernie sanders. it tells you that the party is going more to the left. neil: you can never tell. i want to thank you both. thank you. neil: you know you are making it as a candidate when you are on saturday night live. ben carson is discovering this firsthand. >> commented on a recent mass shootings saying he never saw a body with old holes that was more devastating than taking away gun rights. was your medical degree given sarcastically? [laughter] >> please, america, please pick anybody but the black guy.
1:11 pm
neil: making fun of donald trump. these candidates, when they are ridiculed, they surge in the polls. maybe because of it. connell: i think that it matters to some extent how they go after you. highlighting every one of your character flaws. i think that actually probably does not hurt. any attention is good attention. then carson -- i know. it really was. maybe it helps a little bit. i think that it could have occurred in a way if you are going after someone based on their intelligence -- or you are feeling confident, you are exactly right.
1:12 pm
likely their first time hearing it. >> they did not have to write a lot of script for the characters. i agree with you, it can go either way. what happens, gerald quarreled did a segment. 1976. john mccain went on and hosted saturday night live the weekend before the presidential election 2008. the more they make fun of you, the more these candidates want to be on the show. >> donald trump and then carson. >> not like this. it is not funny.
1:13 pm
>> supporting trump candidates. you know what you are getting. you have said i am fine with it. they just know a line or two. i think that it is tremendously ironic. trying to make it sound crazy. you made a good point. >> donald trump they know already. >> hard to make a joke about donald trump. he is so larger than life. it was a fake drug ad for abilify in the first episode. these wise talking about needing -- he is delusional thinking you will get elected president of the united states. >> who was the third one he is
1:14 pm
after? by the way, be careful if you go on. steve forbes hosted back in 1996. i love steve -- it was not memorable. neil: such is life. talking about donald trump you my special guest tomorrow. all right. pumped up elsewhere. you never know. we will have more after this. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner,
1:15 pm
you're free to focus on growing your business. centurylink. your link to what's next. we shouldn't sweat the small stuff. but when you're building a mercedes-benz, there really is no small stuff. every decision... every component... is an integral part of what makes the 2016 c-class one of our most sophisticated cars ever. because when you're setting a new benchmark for refinement, it is the small stuff...
1:16 pm
that makes the biggest impression. the 2016 c-class. starting at $38,950. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.
1:17 pm
>> ui looking at chris christie. no labels group. calling for dramatic action.
1:18 pm
the governor is steaming teaming up not so long after donald trump was out there. bernie sanders coming up after him. democratic presidential debate. keeping an eye on it. both sides have got to find a way to work. >> all the dysfunctional lives on within parties. in the meantime, i do want to address your attention to china. whatever nominal increases we are seeing, the stock market is open, bond market is not, china is a big reason we are seeing these advances. why? why is it? >> again, any time governments make or take steps like this,
1:19 pm
you know that there is trouble in paradise. for a long time, we have seen this coming. when they do take these steps, at least for the international markets, we can't have a little bit of relief, at least acknowledging that there is a problem. trying to get involved to make a difference. >> by the way, we are big hypocrites on this subject. the federal reserve propping up this market as we have it. we are no strangers to keeping our markets of flow. the chinese constantly replayed the numbers. everyone seems to depend on them doing so. that is weird. >> that is absolutely right. they have been able to watch us.
1:20 pm
you are right when it comes to the government being involved not always being a good thing. you are looking at the government coming in. stabilizing it right now. their policies are not very good. they will use their money to get temporary relief. when that bubble pops, you have a real global crisis on your hand. much more concerning than what we saw here in the united states. we have a desire to have good policy. china, they still have not played by those rules. that is my concern. a foundational standpoint. they are stabilizing it. not playing by the rules. we could be in real trouble. they want us to think that these are good self corrections. they are just now acknowledging
1:21 pm
that there is a problem. >> trying to manufacture the government's definition. having said that, i think it was the finance minister today. do not go at all. their concern is what? we have competitive money. >> that is exactly right. it is hilarious to me. they want to ask me to not increase our rates. a lot of work that they should have been doing. not near as aggressive as others would have suggested here and of course they do not want us to increase our interest rate. our economy is doing better. that will take all the money on the sidelines. international investors starting to come back to the u.s. that is the last thing that they want. almost comedic.
1:22 pm
the united states has a real responsibility here. pretty much on the back of the u.s. dollar. we needed to explode here. make sure that we are being good stewards. that is comedic. they know that they are going to lose money. our economy will surge and show increases as a result of that. i think that a are getting what they have asked for. they have not played by the rules. >> sure is that they are doing a little bit more. thirty-four months ago, they were not even trying to tell us that exports had a problem. they absolutely lied. they know it will be a very, very big problem. >> thank you, my friend.
1:23 pm
you have heard it once or twice before. if we do that, we default. you know, it is only if you don't do one thing here it one thing that produces default. what do you think that is? we will tell you. (vo) me? i don't just wait for a moment. i watch for the perfect moment. the one nobody else sees. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus, powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours.
1:24 pm
the health care law gives us powerful tools to fight it. on medicare fraud. to investigate it. prosecute it. and stop criminals. our senior medicare patrol volunteers are teaching seniors across the country to stop, spot and report fraud. you can help. guard your medicare card. don't give out your card number over the phone. call to report any suspected fraud. we're cracking down on medicare fraud. let's make medicare stronger for all of us.
1:25 pm
1:26 pm
>> all right. we will go fall. serious trouble. a very smart guy. that is not quite the case. pushing against the brink. prioritizing the bills that we have to pay. explain. >> i keep hearing all of these people on television. if we do not raise the debt ceiling, we will default. raising the debt limit. you say, no thank you.
1:27 pm
you only default if you only pay your bills. as long as we continue to pay our bills and our net interest, we will be fine. predicting we will get $3.5 trillion. our net interest obligations ar. if we prioritize those, there is no default. this talk about defaulting is completely inaccurate and totally false. >> if you are not cutting it and being able to pay on the $10,000 limit, you need that limit. >> if you are totally unable to, you may need to raise it. passed a very simple law. the borrowers will be paid first. neil: why is that important?
1:28 pm
>> we will not bother paying off the people that owned u.s. bonds. there is no default. reducing all of this ridiculous spending. spend a dollar this year. next year is $0.99. the next year 98. people say i am ready. i need to cut my budget by a penny this year. if you are a manager and you can't do that, you really should be fired. >> a veteran payment. act by the united states government. aren't those technically default? >> actual borrowing on bonds. that would not look good. >> a political problem. all of the implications. >> no one is freezing the money coming in.
1:29 pm
it is still coming in. >> i am working my taxes right now. spending a lot more than we take in. as long as you pay those, then we avoid default. politicians pushing to the edge. the only way to teach us a lesson. they could do that. >> that would be a totally inappropriate attack. every day that goes by -- >> one of the things that you brought up. others have brought up, with some of these other plans, the issue becomes when you stop paying, what gets us in trouble is this process. we keep repeating it. that makes them have the financial status.
1:30 pm
>> 1159. what will happen in a minute? that is chaotic. every year we spend 1 penny less than we spent the year before. it does not program out onto the subway tracks. you are reducing the spending. automatically going up. it is decreasing. >> cut a penny. if you have a gdp growth rate of five, 6%, you would have enough revenue coming in. it is critical to everything that we do. we have a robust economic growth rate. >> very good. you explained very well. find out what my next guest thinks of that. why things never get done. coming at a time that the markets are more focused on what
1:31 pm
the federal reserve will do. why is that? ♪ it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. try super poligrip free. can a a subconscious. mind? a knack for predicting the future.
1:32 pm
reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
1:33 pm
[ that's a good thing, eligible for medicare? but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled
1:34 pm
in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. neil: global slowdown. it is not surprising. the columbus day holiday. still trading in the stock market. looking down over 4%.
1:35 pm
pointing to a global slowdown. interest rates, or at least the economy slows down. bob doll on another reason why that rate hike may not be such a sure thing. >> that is exactly what is going on. i guess i come added saying we are at zero. it is not like it is some low number and we are looking for an increase. the economy is standing up on its own 2 feet. it is not off the rail. time for the senate to get to the program, in my view. excesses. people can borrow money below what they should be able to borrow money for. >> getting worse than this.
1:36 pm
crunching your numbers on this. possibly negative interest rate. how much could that effect? >> that would not be great news. we try not to go there. other countries have. very unusual and kind of strange. what happens? >> japan, of course, has among other problems demographics. the aging of the population and the shrinking of the population. our population is growing. i do not think that we will are on that long treadmill going the wrong direction. hopefully, much longer. >> interesting guest on murdoch who wrote a column about this.
1:37 pm
he says ignore it the ones that can trigger default. keeping credit unchanged. the first step. he said that back in 2011. saying it again now. we fear something that we should not. it does not mean that we default. what do you make of it? >> i totally agree. we can pay our bills no matter what the debt ceiling is. lasting a long time if you prioritize how you are going to make your payments. it will certainly concerned some people if we go there. let's hope that we don't even have to. social security. that would not do it.
1:38 pm
when it the fact that we are juggling like that so publicly to the world tell you you are in trouble in be fat for our market? >> yes, it would. psychology would get into the way. there were other things going on then as well. i think that we have to recognize that we have to raise the debt ceiling. if not the number on the debt ceiling, it is the spending versus the receipts. that is pretty loose it outside of sequestration. neil: a backup that vote. it worked in that regard. thank you very much. good seeing you again. >> a lot of attention on tesla right now. one that will catch people's attention. an electric car. one that drives itself.
1:39 pm
at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night.
1:40 pm
awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. ♪ neil: back here with your fox business brief. i am connell mcshane. fantasy football. you may be thought -- you would have thought wrong. things have improved with the numbers we have. a record number of people.
1:41 pm
this analysis was done by super lobby. 7 million plus entries on their guaranteed prize. nobody is backing away. the "new york times" started this last week. maybe there is some inside information going on. people working for one side, playing on another. they banned all of that information. neil is back. more coast-to-coast. ♪ we live in a world of mobile technology,
1:42 pm
but it is not the device that is mobile, it is you.
1:43 pm
neil: killing can't. on top of self driving cars. reports on this whole thing. it worries me. >> you are not the only one. now driverless cars are also worried. driving other, normal cars. >> they have the nerve. >> the california dmv is now releasing new data that is pretty interesting to look at. nine crashes. eight of them have involved google driverless cars. they are all blamed on human drivers.
1:44 pm
neil: who says that? >> the dmv. it is the public record. what we are seeing here is humane cars are running into the driverless cars. >> how are the driverless cars updating navigation systems? did the cars see that? >> taking advantage of updated information. updating it as much as they can. neil: on your main street. >> that is where that comes then. another google owned at. it has real-time traffic data based on all the way users, called waiting.
1:45 pm
>> they don't put out advanced notices. >> you could also retain control of most driverless cars. still not technically allowed. >> people in the back oblivious to what is in front of them. >> you are on one of these things. >> i did a test ride. what you are seeing here is the update that will go out. we may have video of it. we are talking about a town amiss steering and autonomous parking and economist changing of the lanes. neil: telling it to parallel park is one thing. telling it to go on a freeway to work is another thing.
1:46 pm
>> thank you so much for being concerned about my safety. multiple studies out there that show that automated autonomous type cars have certain features and are able to avoid accidents. this dmv data is not part of the studies. neil: your full phase of technology that is going to kill us. >> google cars that were hit in these car accidents, a tesla model s resulted in minor back pain. also been hit by bmws and always. another story that we cannot not talk about. 22%. july 20. they are not delivering the cars fast enough. >> hit by cars driven by women. excuse me.
1:47 pm
neil: i want to know. >> i do not have that information handy. i don't. >> okay. from here it actually gets worse. your social security, you likely will not see an increase. if you are on medicare, you are. your costs are going up.
1:48 pm
1:49 pm
you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at
1:50 pm
see car insurance in a whole new light. liberty mutual insurance. >> andre. gerri willis is here with us. looking forward to using an anomaly increase. it looks very likely.
1:51 pm
medicare costs are rising. elizabeth macdonald. charlie gasparino. first, what are you hearing? how much of an increase. $600 on average. these are wealthy folks. they will be paying more. it could be more if you earn more. 52% is that advertised. this is what you pay when you go to see the doctor. keep in mind, these are folks that have tried to take care of themselves. trying to do the right day. >> is there a fix on this? the fix is only needed for some
1:52 pm
people. there is no social security cost increase. these people are not covered by that legislation. some people benefit and some people don't. >> 30,000. i keep breathing in various liberal media outlets. the cost has gone down dramatically. >> growth has declined. >> factoring in things like premiums. >> we have seen individual drugs go through the roof. >> the cost of living adjustment. the cpi w that is what social security, that is --
1:53 pm
neil: obamacare. i agree with that. there have been some moderation in the rate of growth. that is not due to obamacare. it is fully integrated into the economy. >> this is a huge policy argument that is going on. we are not really even truthful about obamacare. what is causing the rate of growth to decline? >> rando growth in moderation. >> choosing not to go.
1:54 pm
any talk right now, really unfair to seniors. the index for senior citizen expenses, not for urban workers. that is a debate going on right now. >> i am part of the aarp now. >> you are? [laughter] >> no increase at all. why can't they be using the same? >> the cadillac tax. the rates of growth. more and more people getting covered over time. different indices to decide who
1:55 pm
gets covered when. >> the way most seniors pay their medicare, it is right for their social security check. >> that is all right. >> let's get it right. >> abcd. spotted last week. the way people pay it is directly out of social security. you cannot have your benefits go down. >> they want to make it so whatever you do with social security, you do it with medicare. >> that is what we are talking about in the legislation. no sense of how much that would cost.
1:56 pm
>> that is going nowhere. >> six around. >> fixing everything in these last couple of weeks. [laughter] >> either that or when we have a better economy. then we would have inflation and we would not have this problem. >> look what happened. [laughter] neil: we have a lot more. >> look at the time.
1:57 pm
. .
1:58 pm
opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.
1:59 pm
sup jj? working hard? here at the td ameritrade trader group, they work all the time. working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade. you got this. neil: all right. quickly back to manchester, new hampshire, where they're still going through all the candidates speaking to know labels group where trying to find bipartisan to reach across the aisle and to get 25 million jobs dedicated next decade. chris christie wrapped up.
2:00 pm
bernie sanders is next. after him, george pataki and wrapping it upjohn kasich. we heard from martin o'malley, lindsey graham and donald trump. there will be no hillary clinton at this event that ruffled some feathers. clinton folks think priority is preparing for the big debate tomorrow. this was the move to make for sherr. trish regan right now. trish: we'll have more on all of that. thank you so much, neil. president says he is leader because he is rocking it on climate change. welcome, everyone, to the teleagainst report. president obama in interview with six sy minutes he is the one leading the world, not vladmir putin and he has got the record to prove it. watch this. >> steve, i got to tell you if you think that running your economy into the ground and having to send troops in in order to prop up your only ally is leadership, then we've got a different definition of leadership. my definition of leadership

83 Views

info Stream Only

Uploaded by TV Archive on