ashley: dan henninger doesn't think any gop candidates will pull away from the rest. we will see what viewers have to say about from and immigration which mr. trump is 100% correct, this problem must be dealt with, this country is almost $19 trillion in debt, we cannot afford to take them in but we can afford to go to debate this with neil cavuto. neil: keeping a close eye on that and the protests that are about to happen here. what they're doing and this sounds like what they were doing last week, lot of protests across the country, not on top minimum wage but a lot of protests for help with college loans, a free college, we will get the latest on this but when it comes down to is this, college inflation and tuition inflation running double triple the aggregate inflation numbers and kids saying no, parents

saying no and you will be of taxpayers to provide it. gerri willis on what we are seeing. gerri: this is the site here. over a student march. in an end as 15 minutes and we expect a lot of angry protesters saying not only do they want free college tuition but they also want all student loan debts forgiven. think about that. that is a big number. this march is modeled on the march we brought you to stay where fast-food workers were marching in foley square for minimum-wage of $15 an hour. no sign years that this march is being sponsored by any professional organization or union as we saw on site tuesday but here's what i can tell you. at the numbers for a second, total student loan debt $1.2 trillion. estimates of what it would cost

for the government to sponsor college tuition for all students, 70 to $80 billion a year, we had $18.6 trillion in federal debt, sounds like got very high price tag, struggling with higher and higher education costs each and every year. we will be on-site watching what these students have to say and why they are so angry at this point. neil: i am serious. the ones who are protesting and those who have a lot of sympathetic years do they know where the money would come from? gerri: that is one of the questions we are going to be asking because at the end of the day there's only one place the money will come from and it is going to be the federal government. of the federal government stands the time the loans given to college students each in every year and the federal government will pick up the tab that is the way it is run in european countries and the argument you

get from students when they say education is a right and everybody should have free education, and they say you can't get any job these days without a college education. that is their logic. we will talk to these students in coming minutes. presumably they will be brave enough to come out and tell us exactly what they want and why. neil: thank you very much. if this is sounding familiar it should. we have seen more calls for the government to get more involved in a number of areas that used to be an involved to say nothing of -- on the health care front with the affordable care act, for a lot of taxpayers is not so affordable any more but you have seen a fast food protests, this push for $15 minimum wage, that played out at the republican presidential debate in milwaukee where we had hundreds demanding more than doubling the minimum wage. virtually all the candidates

save one, rick santorum, said it was not a good idea to raise those wages for the time being. we should stress as well rick santorum was open to a slight uptick in that wage, but again this is also at a time we are seeing a push for the government getting involved in drug prices, to forcibly keep them down, to help those in the mortgage, still supposed to do that. it really comes down to whether the government should be doing this kind of stuff to protect those who fall behind or falling out or not. let's get the read from be careful what you wish for, you might get it and you will likely pay for it. democratic strategist, calm down. to you first, you are saying there's a limit to is this, those who protest have to be aware of that. >> what happened to don't ask what your country can do for

you, what can you do for your country, these students have been raised over the last seven years or more on the notion the government should do more for you and it is funny and ironic because why should students be different from anyone else in this economy who got a bum rap and a bad deal, where is the limit? if you think of it why stop with college loans? why don't we give a car to every student, maybe we can pay for their clothes. every dorm room should have a case of toilet paper, why don't we break the bank and give them everything they need and want? neil: college tuition, room and board, quadrupling the inflation rate, out of control but i don't think a lot of these kids or their parents understand the boomerang effect they will still end up paying for this and a lot of those exorbitant tuition run ups will continue unabated especially because the government is going to pack up

their loans or go so far as to provide that education. you talk about something that will send those prices even skyrocketing more. it has got to be worrying. >> that is why hillary clinton's plan is not just about completely free tuition. she wants to put more responsibility and universities to contribute, trump will allow families to contribute and she wants to prevent students taking out further loans. >> does it nicely end there? >> talking about $360 billion over ten years versus 70 to $8 billion under other plants like bernie sanders. neil: water is it going to come from? >> we know we will raise taxes on the wealthiest in this country. neil: here is that out. if you raise taxes on the wealthy and they have seen their top rate the back to the rate it was nearly 40%, they are paying a few more in percentage points when it comes to paying for the

affordable care act, taking away their deductions, brings it to the mid 40s, was it acceptable for liberals to accept gouging the rich? >> i would not say it was gouging the rich this the 1% or 2% earning x potentially more, ceos -- neil: don't do that trek. multibillion-dollar ceos, those in the medicare plan are broad, $175,000, are you saying it is perfectly fine for that bunch, how much more? how much more? >> 1% to 2% more. neil: if you don't do something, the fear that those college costs are skyrocketing and we all pay for that pleases merriman ground? >> paying 60% of income from

taxes. and everybody has to pay for it. and a whole new approach to the economy. there is no end to it. there is no limit. we need to reduce regulation. e-book at bernie sanders and hillary clinton, santa claus and mrs. claus of the democrat party, santa claus politics. neil: i don't question your big heart. here is what i want to know. would you pay higher taxes yourselves. if i took whatever is -- please hear me out. all of your friends on the left, would they be as amenable to your generous spirit and similarly pay 2% 43% more on folks like -- and seemly rich

and can afford it. >> absolutely. i appreciate your saying i have a big heart. they are willing to put their money where their mouth is. neil: the big heart on someone else that time. >> i have a big heart on my own time and your dime. neil: you told me the rich will pay -- >> don't take my dime. i had enough. confiscation is the policy. the reality, these college organizers when they do something more radical the independent voters get ticked off some manufacturing workers, democrats -- neil: contentious issue, we will see how it sorts out. it is such a hot issue when companies do this all the time. no more so when it comes to the minimum wage of the fast-food industry and dozen mcdonald's and ceo know it, he of course has been one of those who has at

mcdonnell's raise the minimum wage, direct control at mcdonald's's own restaurants and about a block of more than it is in those localities, topping $15 and are demanding but he would no doubt argue it is a start. special exclusive guest right now. good to have you. love your food but i digress. a lot of americans do, the earnings, told you that if you did offer breakfast during the day you would be on fire. i can't single handedly hold you up but enough about me. let's talk about wage debate. as soon as you offered and walmart and others similarly did as well, it was immediately greeted by not enough. you can do more. what do you say? >> there will always be those who want to push it further but the reality is we have made an issue of stand and it was important. bernard: 1 you say initial step,

and -- >> restaurants we alone, around 10% of restaurants in the u.s. we have gotten $1 above the legal minimum and wasn't just the pay, we can hand -- enhanced training and development opportunities and education assistance, there is a comprehensive upgrade, and -- neil: 90%, a lot of folks don't understand how that works and franchisees' are a little upset. >> they set their own pay scales. an expert of managing their pay. and they have seen the benefits. and retain a motivated work force, more stability, productivity goes up, the

customer experience is enhanced. neil: what i am asking maybe i am not clear, at what level are you enhancing that experience and cutting in to your bottom line? raising it by a but, you are in to buy a box, 15% a raises a significant pay raise. there are many who argue we don't want 15%, we want $15. where do you, as a pretty savvy businessman turned this company around in a matter of months, where do you factor in how you keep good talent without almost shouting your stores down? >> we won't be planning -- we want to be competitive. this is about attracting the best talent in the service sector. we will always keep a close eye. neil: in the seattle area where a lot of politicians push the $15 rate and are extracting it. that is hard to compete with. what do you do in region like that?

>> it is tougher, these men and women run on average four five restaurants, and not a significant impact. >> what we are doing is working to drive growth in the business, to absorb these costs so ultimately you can only manage when you can manage and what we can do, i run better restaurants, have more compelling attractive customer experience options, help manage this inflation. neil: can i ask you what workers are above the minimum wage workers think about when their pay is raised? then they want their pay raises. >> reflect all of them up as well. we assessed every single employee, we actually -- neil: isn't there -- a motivated work force, hard to do, kids in high school, college.

is that getting out, do people realize, they think you are starving families, the breakdown of your minimum-wage workers? do you know offhand? >> breakdown by what? neil: how many are school kids, how many have all sorts of income? >> we are above the minimum wage. neil: from those who argue for a higher minimum wage, their sole means of support, less than 2 million nationally on a minimum wage, a fraction of the overall work force, how many in your restaurants, franchisees' or others, is this their sole means or a kid going to school and this is added income? >> full time and part-time employees, some as you say is supplementary cash to help through school and get spending money, others is career choice. we want to make sure if we can offer a full hour s, we can

raise families and the optimistic about the future and we do paint a very clear and achievable cover your path as well. neil: ben carson, two gatti year waged going. higher wage for those for whom this is their sole means of support. >> we have that in other countries around world. there are different options. we want to treat our employees fairly and if you work hard and you are 28 and work hard when you are 18, that is important to was. neil: this is your sole means of support for suzanne 18-year-old doing this while going to school. >> building your career, seeing opportunities, you can aspire to is that, we had a fantastic track record enabling staff to progress for crew, assistant managers, salaried managers, one two people have the position.

neil: can you stick around? so we can pay our bills, you are paying your bills here. a lot of people laughed at this gentleman when they were talking about bringing back breakfast sandwiches and the like the rest of the day. he appears to have the last laugh now. not so traders in general. mcdonald's one of the stocks down today but joins a lot of others, this stock in and out of hines again after the market itself is down almost 200 points largely on fears being echoed by one fed official after another that rates are going to be going out next month and they are saying deal with it. normally when i get depressing news like that i want to be eager. i got just the guy. stick around, you are watching fox business. [ male announcer ] whether it takes 200,000 parts,

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neil: another quick peek at the dow down 200 points. it has reversed from a multi year low. it is higher, turnaround of 21% to 22%. a lot of components, we will get into the dow and fears of higher rates. and the turnaround in the first probable quarter after four back to back negatives. >> it is gratifying to see the change and the pace of change in the business. the first thing we set out to do was inject a new sense of urgency into the business. p outside mcdonald's has been quicker. we have really moved around the fundamentals of running better

restaurants and then giving people more confidence to make decisions and raise more risk. neil: i like what you said in a conference call, we are focused intently on the functional components, this has emphasized the transactional aspects of our brand and its other key point, other brands like chipotle. trying to get back to that. >> you don't want to just buy from you but by into you. if you are relying on the functional pace, product and price other people who try to compete and can't compete want to get the emotional connection because so much choice consumers have, they will exercise the right to explore and benefit.

neil: you want a memorable evening expense and all of that. and providing breakfast for the whole day. how was that working out? >> pretty well. we tested it for a few months in a couple test markets, we were concerned about a couple things, over complicating the operation of restaurants -- neil: a couple franchisees' had delays un drivers because they did not how to line up the limiting -- >> that is why we tested it, getting the kitchen configuration and training procedures and we learned a lot in a short time, the rollout has been smoother. some had fears about operator support, 90% approval. neil: maybe they are mitigated when they see that. >> cash flow is a motivator like is for everyone but what is more

motivating is the reaction from customers, it was the number-1 requested change for mcdonald's, we demonstrated, listens, responded. what we are seeing is incremental business. new customers coming in or existing customers buying more from across the menu, the ticket price also helps. neil: like you say it is limited. what had to go? i see just all salads. get rid of it. you didn't do that. >> we have some customers who love the salad. what we did do -- neil: i don't know -- >> what we do is get more for insect than your first experience. we took a slower moving, more complex to assemble items.

they just took all longer than day today to accommodate. many markets around the country to get off, clubhouse, one or two quarter pounder versions and that freed up the space that customers are demanding. neil: there's a bigger burger in england, the biggest one is the one pound burger. you have a 5 pound burger? >> the same size as a hamburger or cheeseburger patty the two three times sector creating a different option before us. it will be interesting to see. neil: how does it work? >> they respond, when the restaurants are busy there is a buzz and a fun place to work, it is moving around. neil: nothing rings a bell like more change. congratulations. a lot of cynics out there saying what ever happened? but it is.

>> i wouldn't underestimate mcdonald's. neil: are you eating? >> not sure about that. neil: fat ceos. that is the way it is. more after this.

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with a non-insulin option, ask your doctor about once-weekly trulicity. and click to activate your within. neil: we have a big selloff going on here. about 210 points. jared leavy. what is going on? >> it has telegraphed. we talked a lot about psychology. the crowd is now really starting to think, okay, yeah. it is real. lackluster economic growth. we have a problem. that is what it is. this market was due for a correction. we have moved lower. neil: obviously, when fed

governors, mr. president, they come out as they all are today and will in the next 24 hours, smart guys like you do not normally listen to what they are saying, but what they are insinuating. they see an environment that is conducive to higher rates. you read into that more than just the possibility of a single rate hike. you told me not too long ago that the fed move one way or another in one step. part of a pattern of never wanted done. is that your fear? is that your prediction? whatever they do, it is going to be part of a pattern. >> i think that it is important that we read between the lines. both statements are prepared. keep it at bay. yes, read between the lines. getting the insinuations is sort

of the key. i am in the camp that it is part of a pilot program. i do not necessarily agree. in fact, i think that the new fed being under pressure from both sides of this new presidential campaign, i think that it will be a little bit more cautious and slow at their rate hike approach. neil: they go incrementally. who benefits in that environment ? >> it is a psychological game. it does not necessarily mean much for mortgage rates are for borrowers. it tells the average smart investor, things are okay. they are on an increasing pattern. psychologically telling me that the economy must be doing better

than we think it is. it keeps the average investors expectations through the other economy, but keeps them on their trajectory through tightening the free money we have enjoyed for so long. neil: thank you very, very much. rates go up on the short end. the future is up a little bit. longer-term rates could actually come down. the federal reserve does not control those longer-term rates. they start coming down. a yield curve. this is a shorter end. a hand start meeting. that is what happens. the economy goes down. all right. republican senators very worried. ♪

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neil: a little bit about what is going on. most of the dow stock is down. down about 200 points. and a lot of this is built on the fear. i stress again, i know it seems weird. the economy is picking up. why would they fear this? the possibility that the fed raises interest rates. next month they will be meeting, it likely will. for the first time in a decade.

it is now part that word the republican senator from the fine state of ohio. senator, part of the concern, as you know, is that you have to raise rates. are we doing so in an iffy environment? >> pretty iffy. you look at this recovery. arguably, it is the worst recovery since the great depression. on the other hand, we do need to give the fed some tools. neil: they need a little bit -- >> yes. we are at reason. we may have to push so that we can cut them later. >> a much better ideas to put forth these policies to grow forth the economy. there is all kinds of opportunities to do that. our education and worker training system is not working.

we should be exporting more. there are all kinds of things that you could do to get the underlying economy stronger. neil: we had a debate the other night on fox business. incredibly huge debate. i do want to ask you, fans of the federal reserve out there. just get rid of the federal reserve. a complete audit. look, the only game in town. congress somehow has its act together. the president has its act together. the federal reserve doing all of these. >> and and a good idea to get rid of it. i think you made a really good point. it is unusual. great ratings. >> unbelievable.

we are exaggerating. the federal reserve and monetary policy in general is no substitute. neil: no one else -- >> the fed should not be. the president of the united states saying, hey, what is our job. you have to change policies. talking a lot about this tax or fourth thing. it is crazy that we have all these jobs and investment going overseas. we could change our tax code tomorrow. neil: i know you want to see a republican elected president. that is only time you have big sweeping change. ronald reagan, of course, winning over those southern democrat. getting his way. he won by back-to-back landslides.

you need that kind of change. >> i especially disagree. you are right. ronald reagan did do it. he did it with a huge majority in the house. it takes guts. >> the first year. >> sometimes you get more. it requires leadership. everyone agrees with that. republican and democrat alike. you have to have, it takes two to tango. it requires leadership. republicans have to step out in deal on these issues. neil: very big on criticism.

they danced around that faster than me. >> that is why you are so slim. neil: i don't see an inspirational ronald reagan -- >> america's best can be ahead of us. we have the infrastructure. we have the entrepreneurial spirit. yet, washington is not doing its job. go through the list. the tax code is a mess. it is stifling small business. a skills gap in order to fill those jobs. we are not exporting like we should. we are under exporting. much less developing countries. these are all things that we can and should do.

neil: a former obama cabinet. saying that, you know, it was not just republicans who are offering an olive branch, it was the president. he was not very helpful. it was a two-way screwup. >> okay, look. house members. works in the obama administration. i think that he is right. they are stumbling on both sides. tax reform, entitlement reform, things that have to be done, it has never been done without presidential leadership. that is the role of the president. i am hopeful as we look at these presidential candidates, look in term of who can actually lead. willing to take risk. willing to reach out.

sixty votes in the senate. it will require more. >> the founders have elected this idea of rights. >> competing all-news stations. >> a did not know about cable. that is the thing. we have a lot of other bad legislation. we republicans use it when we were in minority. >> i just want to get one thing. the chinese are set to sell chinese made automobiles. including buicks. the first time we have seen anything like that. do you welcome mat? >> i think that it is coming for sure.

one of the concerns about the trade deal that was just completed, we are just seeing the details. it allows under their worlds of origin to have chinese and other parts come into countries that are part of this trade deal. previous agreements. you could have chinese cars produced by other countries. like japan. >> it could be a way -- >> yes. they are different and more generous. that is one of the concerns that i have. making companies even more competitive. we are on the upswing. they are doing well. you have to give them more tools in order to become successful. that is a better tax code. allow them to export. help them. america can get back on its feet. >> see you again. such a big deal.

asinine questions. what is the next question? wait until i get out of here. stick around. you are watching fox business. ♪ we live in a world of mobile technology, but it is not the device that is mobile, it is you.

neil: on this deportation issue. no, mr. president, you cannot obtain those who are legal from being sent back to wherever or to sort of get the special protection here. it will likely go to the supreme court. that was a message. governor, do you worry that if it goes to the supreme court, some of the biggest victories that it would give him this one. change forever our views on deportation.

whether they are all welcome here. what do you think? >> let's start up part one. this month last year when the president issued an executive order granting amnesty on his own to people in violation of the current immigration laws. there was only one entity that stepped up to stop it. it was not the united states congress. it was the state of texas before it became governor. filing this lawsuit to put a unilateral stop to the president unilateral issue of an executive order rewriting the laws of this nation. i am feeling very confident that they would rule consistent with the trial court and the court of appeals. far beyond his authority by unilaterally issuing an executive order granting amnesty. this is guaranteed and provided to the congress.

neil: you are right about that. >> i am not a lawyer. i know enough about this president. the fear seems to be that even when prior -- whoa, whoa, whoa, you are going to far. i assume some are going to resume. that did not happen. i am worried now in light of this court ruling, even if it is a supreme court, the same supreme court. yet, what does the administration do, pushes forward rules and regulation. i guess that is the way. >> first, you are clear. the supreme court has stopped applying the law.

beginning to rewrite the law. exactly what happened. showing that nancy pelosi was wrong. finding out what was in it. to your point about this, this is slightly different than the words that you use. this case is not called deportation. it is whether or not the president has authority to rewrite the laws to rewrite amnesty. neil: and slated the two. one or the other, it is the same. ignore existing immigration problems. >> i am telling you this. if the supreme court overturns the court of appeals and gives the president this authority, henceforth the congress is

completely irrelevant because the president now has the authority to write whatever laws he wants to write. that completely undermines the constitution of the united states of america. >> right as he leaves office, the supreme court gives him the green light on this. a republican comes in. all bets off. >> i will predict two things will happen if the supreme court does that. first, you will see a massive wrobel. the supreme court and the president consolidating among themselves all the powers of this country. i think that it will guarantee the election of a republican as the next president. neil: governor, thank you very much. we are getting more details on this plan. chinese made buick in the united states. that sounds weird.

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debate. connell: to with the chinese. they used to drive around dignitaries. one of those matter of time things. everything else is made there, why not our cars. connell: do not try to scare me. dagen: donald trump has already talked about this. >> what is the difference here? dagen: go ahead. connell: volvo is owned by a chinese automaker. their economy is weakening. we are in the superpower spot.

our auto market is not so great. our auto sales have been fantastic. speak to one of the reasons that our stock market. neil: thank you to you both. you are useless and you do not see what is happening. [laughter]

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>> all right. it's a protest if you feel you're swamped by your bills. and it does work, you do eventual get government help, look at the minimum wage protesters and across the country we're seeing high minimum wages and across the country very high minimum wagesment brooklyn college, sort of a breeding ground for a new move to push for college relief, student loan help. gerri willis is there as things are getting ready to kick off in an hour or two. >> that's right, we're at

brooklyn college where the million student march is underway. as you can see under my shoulder, of course we don't have a million people here, we don't have a hundred, about 30 or 40 students here protesting, they want free tuition and they want all student loans for given, they want it gone away and better way for adjuncts professors, a lot of workers here. let's look at the numbers, as i understand it, brooklyn college part of system hooker in new york state. these kids get some of the best tuition figures in the country. they pay $6,000 a year in tuition. that's way at the low end, as you know, neil. those numbers can soar as high as $50,000 in some private colleges and even public colleges can cost you $32,000, $20,000, are many of the averages we've seen over time. so these students here, we tried to get them on camera, they're a little shy and a little distrustful of fox, i

don't know why. they did not like our brand name, but they say that they want this debt forgiven and when i asked one lady who is going to pick up the tab, she shrugged her shoulders, she said, i don't know. neil: just say you're from cnn, gerri willis, the protests. dagen and connell. dagen: they wouldn't come on camera becse they know it's a stupid, stupid protest. and you only pay that much for college, you need another degree. the protests when we're done it's about very big cost. dagen: we saw the fight for 15 march coast to coast and even had protesters m milwaukee for the $15 minimum wage, that is a push, we want more for nothing, i think. and there is a push for more and more and more and i think with the $15 minimum wage, because you've seen it in

cities like seattle, san francisco, los angeles and here in new york, and new york city, that there will be a billinger push. i think business-wise, that's a greater danger to smaller businesses than anything else. connell: a couple of things, a city of new york school, an odd place to have a protest about high tuition costs, that's obvious, but-- >> the people outside the new york area who here have low costs or, you know, they don't relate to that. connell: they don't relate to the fact that it's-- well, not -- compared to any private anywhere it's not high. neil: we all didn't go to private school like you. connell: don't start and-- >> you know what i mean. and are they emboldened by the strikes that we've seen? say what you will about tuition, they have exceeded inflation rates. connell: and this goes back to what we were talking about the other day.

there's an overly sim-- simplistic argument. we've done stories in the past, if anything with the federal government with the federal loans have contributed to the high costs of college. dagen: the federal government did to the cost of college what it's done to the housing market, cheap and easy lending and create a bubble. neil: and they're emboldened to raise prices. dagen: $200,000 for a mediocre college. if you can't get into literally one of the top ten schools in the country, say, mit, you're better off at 18 trying to get a job and get practical experience in that field and then maybe go back and get a degree at one of those university if you can get it. it does not make sense to pay

that much at a so-so school, you will not get the job you want. neil: i can see where the mass is going. if you're seeing increases purple quadruple the inflation rate, what do you do? connell: from personal experience as my kids get older, we'll think about. neil: don't tell them you're going to pay for college. send the signal you're on your own. connell: is that what you've done. and go to private school. neil: i'll say it's an option. connell: just college in general. dagen: the free market has a power to change this if the kids say, hey, i'm going to a public university in my state. neil: accountability. connell: the numbers don't work that way, there's so much competition still coming from, speaking from overseas, so much competition coming from, you know, asia largely, but other parts of the world that that's going to continue to drive up the costs, so, it's not like the amount of american students that would need to dwhat

you're suggesting would be, whatever happens. neil: and exactly. dagen: if you work for the government though they do forgive your student debt over a period of time. so, that's a great intensive. if you want, if you want to encourage the government to get bigger that's one way to do it make college expensive and forgive the debt if you work for uncle sam. neil: and what they're asking for, a million student march event. keeley or kelly? >> that's okay. >> it's keeley. >> i apologize. neil: what do you want? >> well, so the movement, the million student march is a movement for a more quitable and fair system of education as opposed to the corporate model we have now. the three core demands are the national data action, free public college, a cancellation of student debt and $15 minimum

student debt for kids who work on the campus. neil: how is that going to be paid? >> great question, i mean, you know, so-- i'm not sure if you're talking about a national level or per school, i can touch on both. at-- >> you wanted all of that stuff, someone has to pick up the tab. who would that be? >> the 1% of people in society that are hoarding the wealth and sort of causing a catastrophe that students are facing. we have a situation now where 1% of the population owns more welt than 99% combined and that relationship-- >> so it's the 1% just had their taxes raised a few years ago, in fact, almost to 40%, then to pay for the health care law they had them raised another few percentage points and deductions limited to raise another couple points where depending on the state and locality, they're pushing over about 50% in taxings. how much higher do you think, how much more do you think they should pay?

>> i think enough until we have a system where not one in two american families are threatened with poverty. neil: if you taxed them-- they're smart folks, these 1% hoarders, right. >> yes. neil: so if they leave here, who is going to pay for the stuff you want? >> if they leave-- >> the country. >> oh, i mean, there's always going to be a 1% in the u.s. the u.s. is like the bastion of capitalism and success. neil: do you think the 1% could pay for all of this? >> absolutely. 85 people in the world hold more welt than half of the global population. neil: wait a minute, wait a minute, are we talking about 85 billionaires? or are you extending this to the 1% or whom ever north of $250,000. at what level do you start saying you've got to pay a hell of a lot more than you're paying now, taxes.

>> i mean, i think people earning, certainly people earning over a million dollars a year should be contributing to the wellness of the society. neil: it's 50% now, say it's 50%, will you set a top rate of 90%, do you think we should get back to that? >> i think that eventually we will get back to that. neil: and you're okay with that are some of your friends okay with that. some of them want to be successful themselves and they'll be happy when they get to a level maybe over 200,000, $250,000 and they start paying 90% of taxings, you'll be happy with that? >> absolutely. neil: come on, you're you can talking to me here. your friends are happy getting to a point in their career they can look outside and say, finally i'm able to pay 90% in taxes? >> you know, people in your position, you know, don't want to pay 90% in taxes because-- >> i dare say unless you're high as a kite you wouldn't

volunteer to pay 90%. unless it was a drop in the bucket. but a lot of times it's not worth it, given track record with government it doesn't always work, right? >> yeah, i mean, absolutely, but the reality we have to look at the injustice of the system as it exists right now. neil: do you think maybe if everyone paid a little bit more for this, would you pay a little bit more for this, besides the rich, to pay for it if it's worth. people already are paying for this, yes. neil: i asked it differently. would you, keeley, and your friends and your mom and your dad and your family would they happily pay more to provide benefits. >> of course, we already are. neil: no, no, you said to pay for things you wanted the itch r should pay significantly more than they're paying now. >> exactly what i'm saying, everyone's already paying. neil: they're not. now, you're saying the added,

these added benefits that you want and fine benefits, don't get me wrong. you think your friends, their parents, your parents, your family, would be happy to pay a little bit more to provide these guarantees and bet benefits. >> i come from an incredibly working class family and my family is on numerous forms of government assistance and basically scraping by in order to get me through college. i live in a world and i see a system around me where there's a population that's doing nothing to contribute to the progression of society, education is really the only way that we have innovation. that we have you know-- >> you sound smart and know what's going on and mentioned in the world and probably aware in greece and the countries that provided all of these benefits and then some many of which you out lined nicely today and they're going broke and out of money and they don't know what to do and people are on the street because they

can't believe the money is gone and benefits and promises are gone. >> right. neil: what do you think? >> i mean, yeah, there's a-- like a global catastrophe right now of complete, like defunding of social services. neil: because they ran out of money. now what happened. they ran out of money. right? >> i understand, but there is a 1% in dprooes, -- greece, in the united states and there's a ruling class. neil: i don't doubt there is. but obviously, to get money from, either they don't have the money or hid from the money or they're gone, they're done and now these countries are going bust. >> those people need to be accountable. people holding the capital. neil: they're smart and all over the globe. they've done studies, i don't want to get boring. if you were to take the 1% and

taxed it 100% and it wouldn't keep medicare.d d itd itd it00 >> if we're to the point where the rich are paying 100% on taxes and we're on the road of socialism and we'll have a completely different structure. neil: what i told you even if you took all the money from the rich you say are getting away with murder, you took it all away. it wouldn't support one entitlement in this country for three years. >> yeah, i don't believe that. neil: okay. >> yeah, i'm sorry, i don't-- that sounds completely ludicrous to me. neil: do you know how much it will cost to mandate a $15 minimum wage across the country to have every student loan debt. >> how much. neil: do you have a rough idea the cost of just the educational part on the student loan part, and the-- >> yeah, absolutely, 1.3 trillion dollars in student debt. that's just the beginning. and then billions and billions of dollars.

neil: do you know how much you get fully taxing the 1%, 100%. >> is it close to the number. neil: it's about a trillion. >> to bail out the banks in 2008. neil: reminder, 1 trillion which would barely keep medicare going for three years, that's one area, even if we repositioned it to go into this area. we don't have enough to do so you you're going to have to find other means of getting money, right? >> yeah, i mean, i think that that's a starting point. i mean, i think that all of these things require really comprehensive programs. neil: no doubt. do you-- i guess what i'm asking you. >> yes. neil: you're passionate about this and i admire this passion and your involvement in this, but i think you have to step back and look at the numbers that could be involved here because they're going to be huge and a lot of colleges behind you and institutions behind you, knowing that student debt is taken care of and forgiven and done, do you

think any of those guys, those administrators, those schools aren't going to leap at the opportunity to gouge even more, to raise tuitions even more, to raise room and board even more? >> well, i mean, ideally if we have a big enough mass movement of people in the streets we can actually prevent things like that from happening. that's one of the purpose-- >> apologize for that, but history suggests that doesn't always happen. dagen, connell, what do you think. dagen: i think the math doesn't add up and i think as a broad message, it's like more for nothing. education for nothing. higher minimum wage. who's going to pay for it when you look at the math, it doesn't work and there are plenty of socialist societies in this world that people are welcomed to move to, quite frankly, if that's what they want. neil: we're returning out of them. connell: i thought it was good, interesting just sitting here listening. i thought-- for forever it's worth you did a good job in doing that in a

way that was not, you know, obnoxious or talking down to something. neil: she had the passion and we need to be reminded, we tell our audience, i admire your passion, you know, the heart's in the right place, but it's-- >> she was almost saying that, yeah, maybe it doesn't-- i'm not putting words in her mouth to say she would say that, but she didn't have an argument back for the numbers. maybe it doesn't make sense, maybe it's something i want to happen, but something to, you know, i feel passionately about, but the way i'm going about it doesn't make sense mathematically. neil: what i admire the most is when someone is saying, you know, i believe so much in this i'm willing to pay for for like those with a $15 minimum wage. i'll happily pay more from a burger and fries. we've learned few are willing to do that. we can do the big on someone else's dime and make sure that the person has a limitless dime. >> and when you start bringing in more funds.

let's say you tax the 1% to 90% level. the more money there is there, the higher these costs for things like college will go. that's what happens happened. that's what the federal government did to college costs. why not turn it, say, hey, universities, why aren't you cutting costs more? why have-- >> you take away the accountability element the schools know no pressure on them. >> by the way, the universities across the country are teaching this to kids in this country. neil: there is that. dagen: this is what they're learning in school, mom and dad, they don't know math, but they know a socialist country when they smell it. neil: there's a lot of great dreams, but not a lot of pay for it. and stay tuned for fox business where we try to crunch these numbers. the future belongs to the fast.

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>> all right. there is something in the global wind, right? right now greece, when we talk about the protests here for the benefits and the like. greece is dealing with this as i speak. and they're not being received too nicely or kindly on the part of greece. enough already. i don't know what the greek term is for enough already. we've got pretty smart folks discussing where it's going everywhere. and joining us, danielle, what do you think of this global trend, this push, we need more and we want -- we don't necessarily want to be the ones to pay for it. >> i think you're right it being global. it's a trillion dollars experiment trying to pay for things. that's not the american way the last time i checked. listened to the students earlier, thinking about working two jobs to make my way through

community college. and that's seemed the honest way to go. neil: it could all be free? and you hear this young lady, so passionate about it, i take nothing away from her. it seemed to be unrealistic thinking to assume that all of that could be paid for on the backs of 1 or 2% of the population and everything's going to be hunky dorie. >> it's easy for her to say, not having any money if she had money she would be willing to give it all away to take care of other people who again, don't have money. to me it's the most telling thing in the entire interview was the last statement where she said if we just get enough people protesting in the streets, we can turn this atrocity around and evidently expecting people to earn their own way and pay their own way is an atrocity that needs to be protested. neil: your thoughts? >> it's interesting. i think it's part of a whole mentality that we now just don't worry about debt. we're almost immune to it. what she's saying doesn't make

economic sense, but i have to admit if you threw a trillion dollars of student debt onto our 18 1/2 trillion dollar mountain already. neil: i can't blame her, we've got a mountain of debt, what's the big deal. >> we've doubled it in the last ten years. >> that's a listened carried away from the housing crisis, debt is expungeable. neil: we're all victims. >> you think about her generation and what she's coming from. they didn't know anything that it wasn't a zero interest rate, and an entire generation. neil: a slight up tick and that becomes a worrisome burden. what do you tell people around the country. a best selling author, tough approach. and singlehandedly--

you remind people there's money in and money out. what reaction do you get when you're saying that? >> from people who have had to earn their own way, i love what i have to say. when you're talking to people who have an expectation because their parents didn't train them. people only respond the way they're trained and what was just said is absolutely right. these kids don't know any different way to approach things, there's an expectation that somebody should take care of them. so, i tell people, the only thing you're entitled to is your own opinion, the rest of it should be earned and that's not a happy message right now among millennials and especially people going to college. neil: you're offering the tough love approach, but they don't get the long-term approach. >> right. neil: bob, what do you think of that. >> absolutely not, we just raised our debt ceiling and one day our debt just popped up $300 billion because we unwound the accounting tricks that kept our debt ceiling down. so, i mean, it's the whole society is kind of looking at

each other, nobody's really worried. millennials are looking at the government. the government doesn't worry about debt. >> the government benefits. it's easy to make lots of empty promises when your own financing costs uncle sam. neil: for now. >> for now. neil: stick around. 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. 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.

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that doesn't act that way. >> all right, he's a different sort of democrat, outside the box and demand both parties do the same. doug wilder, and life in the american political arena and lately ticking off the democratic governor of his fine state. more in a second. on to what you're hearing now and these protests that are going on, first in new york, demands for higher support, more support, actually complete government support for indebted students and then picking up their loans. it comes a little more than a

week after what we saw was more in london. identifying the gap between the rich and poor. similar protests not nearly as violent in chicago. demanding a tax on trades, to help pay for go of the s-- government services. something is going on, governor, what is it? >> there's always been unrest, but the real question, how does it solidify and you're seeing the enormous cost, quite frankly, the debt is one thing, but the cost is another. shouldn't cost that much for a college education, and that's the drill down in my judgment, neil. first of all, let me congratulate you on a great job last evening-- monday evening on the debate, that was the closest thing to a debate that we've had on both sides of the aisle, congratulations to you and your team.

neil: and answers to some of these perplexing problems and maybe that owes to the fact that both parties skirt around the issues, republicans on that stage were criticizing the fact that democrats are party give aways, they weren't clear on what they would take away. let's talk about the democrats first, if you don't mind. hillary clinton is saying right now, well, we do have to provide college relief. we do have to police the price of drugs and the government should cut a cap on prices. the government will take care of everything. the government has your back. the government will pay for your college. the government will do this, that-- does that worry you? that direction? >> well, that's not going to happen and you and i know that because the balance in the government, or the representatives are not going to allow that to take place. and that's why we go back to the costs. can the costs be reduced? and that needs to be done at every level to the extent that

the debt is there, to the extent that government can help in some of those programs with meaningful scholarships. with meaningful addressing of the debt. and some of the opportunities for the people that pay off their debt with service. and that can take place and there are some of the things that can reduce the debt, but we've got to reduce the cost first. neil: do you think it's difficult foiticns in any stripe to say, this costs. chris christie is in a heap of trouble because he said social security can't continue the way it's going. he's considering means testing it and raising the retirement age and catching flak. >> what happens is we have an increase in all of the so-called services that are not necessary. and i know, particularly in education, that what comes into the classroom is one thing. what surrounds that bureaucracy

relative to being in the classroom is quite another. and so, are the students benefitting from everything that is outside? no. do you need all of those things? no. and that's speaking, education being at a local level because i really think that's-- that they are the people that should be making the determination, particularly in public education and state public education. governors and legislators have got to say, this is the amount of money that should be spent to the extent that more is needed, justified to the expense that more is needed, we can provide it in we need to do so. but, want, need and bound to have are the rules that i've always lived by. neil: a life in america's political arena, a life ticking people off. [laughter] governor, thank you, my friend. >> good to see you, neil, congratulations again on a job well done. neil: well, thank you.

all right, you know donald trump and you remember the show the apprentice. this guy one of the more popular apprentice winners. not so much on what the donald had to say at at that debate, but what a certain carly fiorina did, bill rancic. ♪ ♪ how else do you think he gets around so fast? take the reins this holiday and get the mercedes-benz you've always wanted during the winter event. hurry, offers end soon.

>> all right, i'll limit the replay of the debate comments,

but in the debate, homer ownership and responsibility and that type of thing. the notion that that should just be a goal or a gimme? bill rancic is a former apprentice winner and donald trump thinks a lot of him and he's done well. >> home ownership should be viewed as a privilege, know the a right and i think 15 years ago we kind of got off track and i think everyone thought it was something they were entitled to and, you know, loans were-- >> the thing that's going on in new york today. protest for student loan and student debt forgiveness and now it has a right to have it all thrown out. >> just wash it away. it comes under personal responsibility. you know, i got my first home loan when i was in my 20's. something that i took seriously because my parents instilled that in me and you know, you have to-- >> you took advantage of

something, i think those easier loans at the time. >> i had an easy loan, a no doc loan, i was self-employed, that's the only loan i could, but i paid it off when i sold the house and built the equity up in the home and able to buy a bigger home and bigger home and able to get in-- >> for today, it's veered into something worse, right? >> i think that people expect it and like all your dreams, you have to work towards them and sometime mack sacrifices and often times it's too easy to say here are the keys and walk away. neil: globally that's the case. and maybe we'd have the footage, but take my word for it, what's going on in london, chicago, even in greece, in a much less violent way, but in a loud way pushing for loan forgiveness, free college and all that. it's become not my responsibility. >> yeah, i mean, that's

definitely something that could become problematic. neil: so what happens? >> who knows? you know? i mean, at a certain point people have to take responsibility, own their actions and where you draw the line. neil: i understand, bill. but do you worry that we've all sort of assumed, if you protest long enough and loud enough, someone in government is going to hear it and do something for you. the greeks are used to that, we're showing that now and someone will hear them out and give them a pass and it's not all the greek's false, the government has been corrupt and lie to them. the same you could argue here. if you were running for president or you know your old boss is, what's the message you would-- it's a tough love message, i don't know how popular it is. >> i'm a new dad, i have a three-year-old son and the same applies. if i don't discipline him, if i don't keep him on the right track, i'm not going to raise a

good man, or a good woman if i had a daughter. you have to implement, like you said, the tough love strategy in order to have a good product in the ebbed. we can't ruin our country. we can't bankrupt our country. i'm sympathetic to certain situations where people may have had a tragedy or, you know, there are certain circumstances where i think that people deserve a pass 0 are a fresh start, we are america, we forgive, you know, it's the land of opportunity. neil: everybody. >> you can't do that for everybody all the time. neil: you've got a big super bowl coming up. >> i've teamed up with the folks at quick books the second time and giving away a fully paid, fully produced commercial during the big game. down to the final three companies and most are startups. this young man started death wish coffee, the world's strongest coffee and moved home with his parents. and chubby's apparel, shorts

and outer wear and one of the oldest five and dimes in america, third generation family outside of buffalo. one of these three small businesses are are going to have a 30-second ad seen by probably 100 million. neil: how did you get it down to those three. >> america voted and everyone at intuit quick books got to vote and america decided. neil: that's capitalism, it's not a government initiative. >> they all put their life savings on the line and they did it. neil: and providing the venue. if it works, it works, if it doesn't it's on them. >> someone is going to have a major upswing come february 7th. neil: i have a feeling. bill rancic, thank you very much, former apprentice winner and so much more since. we're getting you updated on the general motors development. they're going to have an entire chinese made car, a buick suv the whole thing made in china sold in the united states. a lot of people are alarmed by that. should you be?

>> time for your fox business brief. we're off the lows. this is what we call a broad-base selloff. four stocks are in green at the moment and if you look at sector-wise. all ten sectors that make up the s&p 500 are down today as groups. now the worst in terms of groups, the most sensitive to the economy, materials, certainly energy today and as

you talk a little more about energy, crude oil is down again. it's been down seven of the past eight sessions and the energy department says that inventories are up, and that's four times what was expected in terms of an increase there. put the pressure on the oil price and pressure on energy stocks, they're all down today. the big ones, bp and exxon. and more are moving down today. down 163 on the dow and neil is back in a moment. we live in a pick and choose world.

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hurry, ends sunday! know better sleep with sleep number. >> all right. we want to go to jeff flock for the latest on this, gm apparently selling a completely chinese made vehicle, buick suv's in the united states. >> buick envisioned it-- show you in a minute. if you thought that the buick dealers thought, that's terrible, what do you mean? a chinese suv? listen to what woody woodring, our buddy told us, ship it today, we'll sell it as quick as we can get them. buick is starving for more suv's and that will make buick and america great again. buick is already great in china, that's the buick envision. it would be in size between the buick enclave, the larger enclave and the smaller encore, so it's perfect. buick is starved for new models

and dealers love the new idea. used to be, remember geely brought some cars at the car show, the doors were out of line and the quality was lacking. i don't think we're at that point now. we're at a different stage. they wouldn't import a whole lot, probably 40 or 50,000 at most at the outset, but they sell a whole lot more buicks now in china than the u.s. 20,000 in the u.s. last year, and in china 100,000. neil: you know what is going to happen? those are going to be upset, lingers with the bailout, if we knew then that this company we were saving to protect american jobs was going to be selling vehicles in this country made by the chinese, we wouldn't have given them this money. right? >> well, as i said, we just sold 100,000 bewkuicks in china

and china is an important market. got to be give and take on it. that would be the argument. neil: thank you, my friend. jeff flock. more on this grab forgive aways here, pay for my college, pick up my student loan debt, forgive my college loans, forgive my mortgage loans, forgive my rich friends for living after this. how was your commute? good. yours? good. xerox real time analytics make transit systems run more smoothly... and morning chitchat... less interesting. transportation can work better. with xerox. thank you for calling. we'll be with you shortly. yeah right... xerox predictive analytics help companies provide a better and faster customer experience. hello mr. kent. can i rebook your flight? i'm here! customer care can work better. with xerox. wait i'm here! mr. kent? you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone.

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measures they do not like and fast food worker protests demanding $15 minimum wage. what do they have all in common? demands for more and demands for someone else to pick up the tab for more. i've got to show this. sabrina schaeffer, and we'll begin with you then, whatever the views on the subject, so much money in the pot, what do we do. >> one of the things that is deeply clear, people are so misinformed on these, and the poor girl on with you here earlier the thing she was missing from the conversation is that the reason that tuition is so high and someone like herself is struggling is that government has gotten into the business of school loans. it's driven up costs and made colleges and universities irresponsible and making her life and those of her friends harder. so i can sympathize with her, but she's miseducated as to the

source of some of the problems. neil: but i can understand frustration when a lot of the protesters in greece and london and see the benefits they might have been promised, they might have to be taken away and we hit a brick wall. how do you explain that, how do you explain math to people? >> how do you explain that people? that's a really good question. neil: by the way, something on right as well. very few answers to basic questions, what would you take away? what would you pull back? >> democrats aren't the only ones with plans and don't say who is paying for it. and i haven't seen a plan from t the-- taxes are getting higher and higher and someone wants to spend more money and got to come from somewhere. there's the rub. neil: and it's the 1% and they get vilified. let someone else pay for it.

i would much rather say i'm happy to pay for it or fast food protesters who will happily pay more, their friends will pay more, those who are sympathetic for a hamburger and fries. we've come to discover, they will not. if you're not opening your your own wallet to match your heart, we thinks you've got to problem. >> me thinks that everybody thinks the government has this big pot of money. the government doesn't have any money until they get it from you and me. neil: when you have that gap, right, and that's what they-- >> the 1 percenters. they get to be 1 percenters because they learn what it took to hire good employees and compete in the marketplace while still keeping these people. look, in regard to people wanting the loans for given now. something like one nird of undergraduate students get some sort of help from pell grants. the department of education,

150 billion dollars, that's our money, this is the taxpayers, the u.s. government, giving that type of low-- >> we feed the beast even though we didn't intend to do that. >> they want more and more and more. neil: they don't see the dangers of that because that soon could be your bill, that doesn't mean, when i get an answer from republicans, they have to clarify then how they're going to fix that. >> they have to clarify and also just to take a step back. she mentioned the minimum wage as well. this is one, sure, i'm going to sound like scrooge here, i don't want to create more barriers to entry especially for young workers who need to get that early experience. i think that's sort of what is missing the students don't have a sense of how the economy operates. when you raise the minimum wage-- >> look at-- >> they're being indoctrinated, they don't realize guess what, a computer is going to replace that. neil: sounds like it's jackie's fault. >> i think that education would help this. when you're going to take out a

student loan, you probably should know how that's paid back they just want to go to school. neil: the parents realize the more money you give to provide support for an expensive thing only makes that thing more expensive. >> that's true, but i think when it comes to the person who is signing the papers saying, yes, going to be protesting some day. neil: absolutely right. >> they need to know what they're getting into and i don't think that education is out there as available as it needs to be with so many kids going to college and college not getting cheaper. >> and it's also the quality of college. some of the courses that are being taught don't need to be taught. and you're paying to create the special snowflakes that we think they're supposed to take care of them. neil: as they point out the debt has gone up on the democratic and republican administrations and the gap between the rich in the

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neil: it is the neck-most questions i'm asked about. if the economy is doing well why do stocks go down? the first question i am asked, what is trish reagan really like? trish, answer that. wonderful person. smart person. trish: you're embarrassing me now. you're embarrassing me. thank you very much, neil. breaking right now, everyone, voters weigh in on the 2016 republican field with some of the very first polls since the pivotal fox business network debate less than 48 hours ago. we have all the intel for you. i'm trish regan. welcome to "the intelligence report." before we get to the campaign, i want to check quickly on the stocks. market is down 160 points. we were down as much as 200. a lot of traders wonder what the fed will do.