tv Bulls Bears FOX Business January 17, 2016 2:00am-2:31am EST
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of those that fought the bloody battles in the boot. that i recalls are war story that is deserve to be told. i'm oliver north. good night. and you will get it here on fox. will >> have great day everybody. stocks rocked and consumers shaken. what is the president saying? everything is just fine. >> anyone claiming that america's economy is in decline, is fiction. >> he is painting a different picture. >> the numbers don't add up. we have the lowest percentage of americans working today since 1977. >> regulations, come on. they're affecting everybody here and the small businesses. >> we are on the verge of being the first generation of americans leaving our children worst off. >> people are con srnd about their economic future.
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>> how about obama care a certified job killer. >> get the economy moving and growing at a much higher rate. >> no question comes. >> the others may notice it when they get to the cash register and everything is costing more money. >> who has it right? hi everybody, i am jerry willis in for butler and this is "bulls and bears." the bulls and bears this week. well come all. susie, consumers cutting back on spnding last month and falling nearly 1,600 points so far this year and wall smart closing stores. is everything still okay? >> you know jerry, i have to tell you when i heard the president say this in the state of the union, it literally took me breath away. i thought it was a moment. it was sort of like the president standing up and saying the sky is green. everybody that thinks that the
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ski is blue is peddling fiction. it's really a polite way of saying lying. it was a moment that you you think that everybody is crazy, but it's actually saying that. we could sit here for the entire show and talk about statistics to prove that the economy is in trouble. you heard the candidates as the debates and go to a slew of them. i could ratdtle them off and thn there are global trim ers and then china coming at us. it's worry sochlt maybe not a recession, but a worsening. the irony of this is what gets me. later in the speech the president said that they were deeply polarized. he wanted to deepen it. he asked the american people to help him. when you sit there and say that you have disagreement and the economy is the place that we do have the days agreement and to
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say that they're peddling fiction is a discount of a whole wall of information. >> let me tell you what was super clear this week. the market and selling off and the dow is down from the highs and all of the indexes are down dramatically. john, to you what is it making? is this saying where the economy is going next? >> yeah, i think so. the s&p has gone to 800 when president obama has put in to 1,800 now. there's been a huge dip. most of that is the fed and easy money. giving him credit good or bad is like giving flin stone credit for the cartoon. this was not a state of the union but state of denial. this was the weakest job report in history. most recoveries and the average over six years is a 27 percent growth in gdp.
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it's a 14 percent, and susie is right and you can pick the stats to know that we're in depression or the booming times. if you cherry pick the stats, the truth is in the middle. we had a weak economy and it's out. >> one of the favorite rinumber is five percent, gary b smith is that the most important number out there and the one to pay attention to? >> well, it's the number that obama uses. when it comes back to going to the economic success, you can count on him coming up with 70 months of the job growth since george washington. of course even that is flawed because he cherry picks it. obama has been in office more than 70 months if you compare over the ten year of the past presidents, he is way behind reagan and clinton on the job growth. even if you like the numbers, to your point jerry that labor
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force participation rate is the loes that it's been in 40 years. people think about the economy and their own house. they think am i making money? no, they're lower than they were. two, do ei have a job? no, people looking and are are dropping out of the workforce. three, is my health worth any money? no, it's worth less. homeowner ship has gone down in that time period approximate. i am struggling to find out what the good news is. >> here is a number that you have not read in the newspaper and it's the office furniture index. people are ordering less office furniture. is that the sign of the time? is it a number that we should be paying attention to. >> breaking news, chuck for the first time did not eat kale or go to a ballot.
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i bought me some stocks today. i am so up about the economy, so i want and bought gm stock. i know that's a good thing when they said he was alive. i don't think that we're at where we need to be, but we're better off where we were. we have a long way to go. i agree with the job growth and no job income, but the oil prices has brought a lot of us down. we have a lot further to go. the election is going to be a big result in where it is. >> okay. doing things better than they have been. >> i don't think that he is going to be saying that. i would like to say that anybody that is speaking says that the american is in decline and pedding the fiction. does not mean the strategy to the point is is why the economy is on the the upside. the bottom line is that this
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myth that we're in decline lead to a lot of bad decisions and then by wall street and then by choice and we're going to have inflation and then the u.s. dollar is going to collapse. the emerging market is going beat us. the money placed on this decline has destroyed more than a billion dollars. now, with that said where i think that he has been delusional is where we go from here. i don't think that he set us upwell. we have a dangerous bubble collapsing and there's no dangerous action. there's no game plan to stop it. >> you can look at the last ten years and ten years will be at three percent. that to me just spiells a weak economy and no savings or growth in the incomes for the average
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family. that's a disaster. >> yeah, by the way let's review the bidding. on friday after the market closed the fed came out and point 56 percent. on the bright side let's review there chuck bought the stock, and i don't think that chuck can find anything good. all that came up was a ben laden said. i don't think that's a lot to o go on. >> susie, are you a buyer? >> i am of some. there are some that are in the digital space. there's some excitement and growth there. really regulation is choking many of the traditional business and then.
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>> thanks guys. we will have that 20 minutes from now. it's coming up on the big debate. what do you have coming up? maybe he was not that crazy and threaten against china. what is he saying that it will never come to that. we will get them to change the way. let's just say that the chinese are probably taking notes. we don't think that donald trump would be a great president. >> we can't wait. up here first iran taunting us and then prisoners and then removingbeliefs.
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they're meeting about the nuclear deal, and we will have more on the story as it develops. there's a relief and only after being shown on video apologizing for the incident. this happening weeks after iran fired multiple rockets 1,500 yards within a aircraft carrier and continued to test the missiles. >> we should reimpose sanctions. they have violated sanctions after it was signed by testing medium range missiles. >> we were horrified to see the sight of ten americans on the knees and the hands on their
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head. president obama is plan og to spend $100 billion more. >> iranian wise guys having gun to their heads. it was a terrible sight. a terrible sight. the only reason that we got them back was because we showed them with the deal $150 billion. >> the u.s. starting to release the $150 billion. you're saying that we need more and not less. >> well, they were a very hard line country. they had food shortages and the exports were dropping and high inflation. they elected a moderate specifically for the reason to give them room. instead we're giving them money and letting them off and then they put the finger in our face by making the soldiers look like pow's. this is no small country.
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we're feeding the beast. >> we're feeding the beast, but now we're going to give the sanction money out, if we have the same thing happen again with the sailors, will we will able to get them back? chuck, what do you say? >> when you see the video and the soldiers on the knees, i have talked about it before. it makes me get my red neck up. there's a reason why we do it. whether you're for the sanctions or against it, iran and talking to my friends is when we put the money there, you have to remember at the end of the day no matter if you love this or hate this, iran is fighting isis. whether you like it or not, they're the people on the ground. i find that and american people have to know that they're on the ground and if we give them this money, we have to know that they have to be accountable for it. >> they have to be acontinuable for it. susie, do you agree? >> well, there are people that look at the soldiers on the
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ground with the hands behind the hand and say it's a newer vera and then there are others that feel sick to the stomach. i have stad deed the academic research on this and show that sanctions work when a country is embedded in the world economy. that's iran. how can we give money to a country that has our soldiers on their knees. >> chuck cannot stand up and the iranians are the worst in the world. you know what -- the navy went into their waters and they went back. no one was oult raged over
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someone in their area for ten seconds. so let's not say that this is the worst country in the world. the pakistan canadians maybe worst. this countries has been to be part of the world. we don't need that in the market next week. >> you take an american soldier and have a gun to the head. that's fine. that's not fun with me. can you imagine them doing that with vereagan or bush? they would not have done this. this is crazy that they would do this to a u.s. soldier.
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once you you raise the sanctions, they're going to start to produce the nuclear bomb. north korea did it right away. we're letting them off the hook. that video was not acceptable and disprecipabspeckable to do u.s. soldier. >> can we put them in the tier of the evil of the world. . >> does it matter? i guarantee you we will be back on the show within a year and talking about something that iran then and only then they will have $150 billion in the pocket. >> wow, that's not encouraging. thanks guys cashing in from over an hour from now. >> hi, jerry the donald is doubling down on the stance at the fox business debate. he does not want them in looking at the cost.
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>> we have to get it under control. >> they all agree that it's a major issue. how to fix it, not so much. >> the fact is the reason why -- >> the fact is the reason why that no one wants to answer it up here is because it's hard. it's a hard problem. >> john is chris christie right that it's a major problem that has to be addressed? >> yeah, none of these guys are doing it. the debt basically doubled and it's going double over president obama. all of the democrats and none of them talk about daelding with the entitlement. all that they want do is get re-elected. that's why the approval rating is in the suer. that's why i or anything that has a brain disapproves .
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>> they're talking of gun control and issues coming up and up gain. they just hear it and just go way. of course it must be dealt with. >> it was embarrassing how they dodged the ideas. they have plenty of time and debates. they're no better than obama. there's a handful of things that can be done. we have have higher taxes and reduced benefits and restricting the views. these things have to come up. this will not go away without getting specifics and having ideas. just shift it and dodge the questions and that's why they dodged it. we will not win with that. chuck? >> here is what they think. they're like me and have had a
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job and they're paying into this. if no one takes that on, i am going to show them and pushing them off the cliff. you make the decisions. >> gary, well when they write the history it's going to be in the climate change and iran and obama and it will be entitlements and then the trust fund is going bankrupt and then it's 2030. that's all that you need to know. we're going to be paying it on the back and the taxes are going to skyrocket, and that's going to mark the end. >> yeah, i appreciate the hon honesty. thanks guys. stocks going up in the uncertain times.
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>> if it falls a few points, you don't have to do all of the crazy people. you need a long term gain and then van guard up 20 percent and then savings. okay. neil is next. last week the new york times board quoted you of saying a 45 percent on the chinese goods. >> they were wrong. it's the new york times. they're always wrong. they were wrong. >> you never said it? >> no, i love the chinese people but they laugh themselves. they cannot believe how stupid the american leadership is. >> you're open to it. >> i am totally open to it. cannot deal in china without terror. they do it to us, and we don't. it's not fair trade. >> if that guy becomes the president of the united states,
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