tv Cavuto Coast to Coast FOX Business April 13, 2016 12:00pm-2:01pm EDT
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ashley: are they going to do anything? probably not but speculation is enough. stuart: three top-performing banks, we will take it. thanks very much. my time is up, neil cavuto, it is yours. neil: we are focusing on a big crisis going on across the country, tens of thousands of workers, not those responsible for your smart phone, striking across the country. it is one thing when they are trying to get your attention, when they get a presidential candidate's attention who sympathizes with their plight it is quite another thing. we are keeping on top of it because he has beaten hillary clinton to their stuff. lauren simonetti on what is happening right now. >> reporter: bernie sanders is in downtown brooklyn with these verizon union workers.
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the communication workers of america, one of the biggest unions to endorse bernie sanders, their message has a lot to do with bernie sanders's message. listen to what he said. >> standing up for justice against corporate greed. [cheers and applause] >> verizon is one of the largest corporations in this country. but they refuse to sit down and negotiate a fair contract. >> reporter: i will give you what verizon is responding to that statement but first let's get into the details of this strike. this is the biggest strike we have seen in the us in five years. 40,000 verizon union workers
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walking off the job up and down the east coast from virginia to massachusetts. the union is frustrated with verizon communication, they have been out of the contract since august. >> once we get a fair contract we will be back, but now we have to fight. >> people in charge of the company make 235 $35 million, they want to take away from me. i have to work 70 hours a week to make ends me. >> what are the sticking points, the outsourcing of jobs overseas, temporary relocation of workers. workers in verizon's wireline business including land lines, cable tv, and wireless business. if you have any services you can see your bill disrupted, having trouble getting in touch with customer service, verizon says they have known about this potential strike now that it is happening, they have 10,000 nonunion workers ready to step
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in, real quickly, they have responded to bernie sanders on linkedin and says we have paid a 35% tax rate bringing in $15.6 billion in taxes in the last two years. neil: you were mentioning a mediator to settle this. the union turned that down. sometimes mediators can come at the expense of those striking so maybe that is understandable. the company said it offered that, to get this solved, nowhere near that. thank you very much. yesterday, paul ryan said i am not interested in being a presidential candidate, along come some numbers, team ryan, fund raising group that he
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started, it raised $70.2 million in the first quarter this year, $23 million since ryan was named speaker on october 30, 2015. and have gone to the republican party but not all of it. take a look at its timing. look at the odd timing of that. staggering for a guy who has been running for president to raise the kind of money like that. the national finance team member, neil bush, good to have you back. >> thank you, great to be back. neil: what do you think of the money team ryan as it calls itself has raised? >> i am really encouraged by that. this country is hungry to move away from gridlock to a reform minded congress working with conservative principled
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republican. we have had too much gridlock in the last eight years with congress fighting a president and vice versa so there is a real opportunity right now for the first time in many years to work ted cruz as president, work with paul ryan and mitch mcconnell to reduce influence of the federal government in our lives, simplify the tax code, ted cruz is all about jobs, liberty and security and working with paul ryan and congress and mitch mcconnell in the senate. neil: you take at his word that he is not interested in being recruited for president and this money -- solely to the benefit of republican party conservative principle. >> i hope that is true. the tea leaves, when the convention takes place, the
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first priority in my mind is to stop donald trump from getting the majority of the delegates going into the convention but if the convention goes into an open convention there is no way ted cruz kind of tea party type delegates can swing to an outsider or john kasich, no way any establishment candidate is going to be the recipient of these delegates looking for a home. neil: i want to touch base with you. >> get the multiple. neil: you could be right. your brother jeb bush, former florida governor, republican convention. >> where did you hear that? neil: earlier today. >> i haven't heard that. neil: they didn't know you were a backing ted cruz but what i am going to ask in light of that,
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is there still just bush family angst toward donald trump and maybe in your brother's case in case he is correlated at that convention at the republican nominee? >> i can't speak for brothers or my mother or father. i personally have a great deal of angst about donald trump. he is the most flawed candidate. he has alienated so many constituents in the united states and he would lose disastrously and even hillary clinton under indictment would peak donald trump, honestly. it would be a terrible thing for the republican party to have as the head of its ticket donald trump who doesn't represent the values of america, is not even a republican, his views align with bernie sanders and he is trying to realign his used to sound like a republican but he is no
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philanthropic a compass that guides him. it would be a terrible disaster. i can't speak for my family about that but i have a great deal of angst about donald trump. neil: i will put you as a maybe on donald trump. your sense of this delegate battle back and forth, donald trump, ted cruz, the campaign, saying a classic case of the system being rigged, he stole those delegates. what do you make of that? >> he wrote the art of the deal about understanding the environment you are working in and to be a winner. he claims he is a big winner. here is a guy who understood the bankruptcy law well enough that he rigged the system to his own benefit to file bankruptcy four times to avoid paying debts causing great harm to many families. here is a guy who is audacious enough to say he understands the
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political system well enough that he rigged the system by giving donations to people with expectations of something in return and for him to complain the republican caucus or republican primary things are rigged against him is ridiculous. he is not even really a true republican. neil: i have a crackpot theory. i think he agrees with you, he knew the rules going in and now that he doesn't like the result of it he is trying to get a populist attack line that your candidate sold the thing ended in the hip pocket of candidates, having said that, do you think collectively there is something to be said about how both parties award delegates? you have these situations where it is not really driven by any popular vote and i could easily say with democrats, does he make a point where people think about it and say that is weird? >> of course he will make that point and type it instead of
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doing the civilized thing and calling ted and saying congratulations, you beat me in colorado, you beat me in wisconsin, you beat me 13 times, instead of doing that he resorts to wining and bullying and being a spoilsport. the fact is these rules are set up state-by-state. if donald trump is a real republican maybe he will stay active in the party, maybe he will help every state. neil: will you support donald trump if he is the nominee? >> mark my words, i will not take the hail trump deal and march 4th blindly into an abyss. he is going to lead our country into an abyss. there is no one that has ever been so valueless. we talk about new york values. of donald trump is a reflection of new york values that i feel sorry for new york because new york isn't bullying, isn't arrogant. neil: it is night and day, no one was cursing at each other
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but your dad kind of said the same about ronald reagan, his economic plan was voodoo economics. >> it was an issue. neil: there is a history. >> it would not happen in my case because he is not a republican it is such an incredible embarrassment the way he has offended so many groups truly. ted cruz is not going to be the nominee, the parties unify around him, jeb bush and scott walker and lindsey graham and people from his base are solidly supporting ted. the party can unify and beat hillary clinton. make the reforms. neil: i know i am dropping bombshells on you, your brother, your mother barbara bush changed her name to clinton.
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didn't know if you heard that. >> she is probably watching right now. neil: always a pleasure having you. neil bush, part of that chronic family and a big backer of ted cruz running finances and making ted cruz the nominee. katie have lunch on donald trump taking on the establishment, no fix going on. indulging my crackpot theory of which i have many, i think donald trump knows better than anyone and if they don't go his way he will find another way to frame that so that he was robbed and it hits the court with those who think outside guys i dealt differently in the republican party but what do you think? >> i wrote a column in the hill talking about how the
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establishment argument in the race for the president is a lazy one. ted cruz and donald trump are the two serious candidates who have a real shot at the nomination whether it is locking it up before june or whether it is getting the nomination at the convention. the fact is donald trump has 45% of the delegates through the process he is complaining about and 37% of the popular vote so you want to talk about being robbed and the system being unfair, donald trump should look at the fact that he is benefiting from the system he says is corrupt. the chairman is frustrated because rules were set almost a year ago. the rules apply to everyone. neil: another wacky theory. you are the expert. i read prompter's. and it is very good and might be saying i can get him to say
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something, and more reason, if we get to the convention and don't get the nomination even with the most delegates. >> it shows donald trump is concerned about himself or what this does about the party, not concerned about what this does for the general electorate. that is a shame. considering the real goal is to beat hillary clinton, there has to be some republican we can rally around to do that with whether it is donald trump or ted cruz, donald trump said repeatedly he puts the best people around him, that is what he will do as president. he should take personal responsibility for his team dropping the ball in colorado, move forward and when the other states. this is not something he should be drawing on but he is doing it because it rallies his base and regardless of the facts, the facts are he has benefited from the delegates. more than ted cruz.
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banks in particular starting from a broad state, and italian fund helping those european banks, the best day in four years and we are seeing our financials at home jumping, wells fargo 2.2%, bank of america 3.6% and keep a keen eye on these banks because bank of america and wells fargo reporting their quarterly numbers and friday citigroup and schwab and we will see if today's numbers out of jpmorgan will translate into the rest of the week. neil: peabody, the latest bankrupt coal company in a world of hurt. the white house made him a target, charles payne, whether there is truth to that. they are hurting, their stocks are collapsing. when it comes to scoring business deals that is not happening. >> the answer is absolutely. january 17, 2008, he said if
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somebody wants to build a coal powered plant they can. and be in charge of huge sums of money for doing it. president obama warned that this would happen. it was at the top of his agenda. people don't realize peabody energy was an absolutely amazing world beater and in 2008 the company produced 10% of coal for our electricity, 2% for the entire world, it was absolutely amazing. you have the numbers up there how much stock is down right there. they won -- they want president obama's clean air act, turned into a frankenstein monster with blending of the supreme court and he warned he would do this and it was devastating. neil: the court said go slow,
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where the impact of environmental regulations. anyone would have taken a cursory review wouldn't need to go through additional spreadsheets, just headline numbers, would quickly tell you billions, not only shareholder but company value that could be lost as a result of this approach and was willy willy ignored despite the high court ruling to go slow. charles: a ruling to go slow in the green light. and richard nixon came up with the idea of the clean air act. the supreme court gave or at least obama took license to say the green light supercharged the epa to be his henchmen. in the last 18 months the mining and logging industry launched every month for grand total of 184,000 jobs. the carnage continues. neil: amazing stuff. how do you fight the zika virus?
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make an army of mosquitoes to attack those mosquitoes. that is what they are coming up with and bernie sanders talking to those verizon strikers. more than just politics, this is new york at its best. at mfs investment management, we believe in the power of active management. by debating our research to find the best investments. by looking at global and local insights to benefit from different points of view. and by consistently breaking apart risk to focus on long-term value. we actively manage with expertise and conviction. so you can invest with more certainty. mfs. that's the power of active management.
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neil: bernie sanders wasting not a new york minute to be with a striking verizon workers, thousands gathered in brooklyn, he said their cause is a just one and earning tens of millions of dollars of their pay isn't growing nearly as much, they have a legitimate be. hillary clinton with the same statement, has not come out in support of rejected strikers demand. it will be an issue one way or another and she is doing it in a speech that moment away adam shapiro with the latest on
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hillary clinton. adam: we are waiting for hillary clinton to be introduced. she is at national network convention and has not taken the stage yet but the latest poll shows she still holds a commanding lead over bernie sanders just released in the last few hours. his poll is a survey of democrats from april 4th through april 11th, bernie sanders gets 38.9% so spread is almost 13 points. mister sanders was talking about earlier today in which he cut the spread by 50% but she holds a commanding lead. hillary clinton is no stranger to out sharpton. they met in february and she said we reached out and always found an open door and responsive ear. the other news of the days bernie sanders received an endorsement from the transportation in new york city, 40,000 men and women who run
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mass transit, he went to a picket line, the verizon strike and took issue with what is going on with verizon. the ceo issued a statement about what mister sanders is doing and said verizon spent $35 billion in infrastructure virtually all of it in the united states in the last year. $50.6 billion in taxes the last two years. bernie sanders on the picket line. neil: you are not using the whispered golf channel voice. i suspect even if she were you would use your regular voice which i deeply admire. >> reporter: i apologize. the reception it is hard to hear what you said. neil: just as well. thank you very much. we will have more updates from the hillary clinton event. i get a kick out of that. jeff flock is like they are coming up to the podium right
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neil: if you are an athlete like me, this should not come as a surprise, fit is on fire, the fashion instrument jumping, people are buying and raymond james says it will be a dominant player that will dominate the market. you and i are part of america as it continues. connell mcshane has the latest maryland poll numbers, they were only allowed to be released in the last couple minutes. he had it in his hot little hands the better part of an hour. connell: trump is up 20 points in maryland. had to get that off my chest. trump is up 20 points, don't want to disrupt anybody, 47-27, a huge lead.
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from monmouth university, vote on the 26th, talking about new york on tuesday the 19th or a week from that night, you have maryland among other states. this is a larger lead than in other polls. real clear politics on the average about 13, john kasich in second, i interviewed him last week, he was saying maryland is where he looks to pick up delegates, ted cruz 19%. if these numbers hold as they are and monmouth ordered this in various counties trump would win all the delegates, 38 delegates at stake in maryland. if you are john kasich or ted cruz looking to pick up delegates, this poll is bad news so plenty of time, a lot of storylines to go through between now and then. the 26th will be a big day after we are through talking about new york, not only maryland but pennsylvania, connecticut, delaware and rhode island but monmouth university donald trump
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is 20 points. neil: people knocking on connell mcshane app stores. we will let that go. oil in and out of 2016 highs but that always means something. patrick says it will be soon at the pump, pricey this summer, the perspective is everything, we are getting spoiled with the $2 a gallon gas. what do you see happening? >> we see that
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will keep gas prices they require more premium gasoline than regular. neil: fuel requirements. in the meantime you heard about these deadly mosquitoes. how about fighting them with deadly mosquitoes to put them to death. which in a weird way is going on. ♪ these little guys? they represent blood cells. and if you have afib - an irregular heartbeat that may put you at five times greater risk of stroke -
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they can pool together in the heart, forming a clot that can break free, and travel upstream to the brain where it can block blood flow and cause a stroke. but if you have afib that's not caused by a heart valve problem, pradaxa can help stop clots from forming. pradaxa was even proven superior to warfarin at reducing the risk of stroke, in a clinical trial - without the need for regular blood tests. and, in the rare event of an emergency, pradaxa is the only oral blood thinner other than warfarin with a specific reversal treatment to help your body clot normally again. pradaxa is not for people who have had a heart valve replacement. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke or blood clots. ask your doctor if you need to stop pradaxa before any planned medical or dental procedure. pradaxa can cause serious, and sometimes, fatal bleeding. don't take pradaxa if you have abnormal bleeding. and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have kidney problems, stomach ulcers,
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a bleeding condition, or take certain medicines. side effects with pradaxa can include indigestion, stomach pain, upset or burning. don't just go with the flow. go with pradaxa, the only blood thinner that lowers your risk of stroke better than warfarin and has a specific reversal treatment. talk to your doctor about pradaxa today. jeff: jeff flock walking the cme in chicago focusing on oil and gasoline prices. look at the price of oil pretty much flat after that report that showed a huge build in oil inventory, 6 million more barrels of oil than it has been
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in the last week. what would that do to prices? you would think it would drive prices up, but pretty flat. gas prices a big draw in gasoline inventories. what has that done to gasoline prices? take a look where we are. $0.03 alone in the last day, $2 gas pretty much history. more neil cavuto shortly.
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neil: places like south america, latin america or anyplace the zika virus is out of control, you're wondering if i should just stay home or maybe leave it in the hands of experts with a virus, do the mosquitoes with other mosquitoes. the company is ready to unleash an army of mosquitoes and fortunately the guy who runs the company knows a lot more. good to have you. explain how this works. what are you trying to do. >> we are trying to reduce the number of mosquitoes. they are spreading viruses, they are less likely to spread
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disease. it is only the females that bite you. and the offspring actually died. if we put out more mail than the wild ones that are out there, more of the females mate with insects which can't reproduce in the population will crash down. neil: female the problem and males, they are lumped in with all mosquitoes. >> that is -- neil: i suspected as much. i am not the expert you are but i have seen a lot of adventure movies and thrillers where a government concocted plan goes horribly awry and you have twice
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as many mosquitoes on the earth. >> where you are but as we are releasing the mail which don't spread disease first and foremost and they can't reproduce. nothing is going to spread or stay there. every miskito we release is going to die and the offspring are going to die. neil: how do we know the offspring dies? in the movies that i watch that is not what happens. >> we have done 15 years of research on this, developed it in 2002, and trial since 2009, testing it in panama and brazil. neil: in panama and brazil, the
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epicenter. >> these mosquitoes, every single one we reduce the mosquito population by 90% in six months which is better than you can do with insecticides or any other intervention. of the of the 22 mosquitoes in general mate with the female mosquitoes, they have little baby mosquitoes that die, we have no more mosquitoes, something you don't want to push because there is some value for the system. >> some mosquitoes have some value to the ecosystem mainly in the areas where they come from. this is spreading zika virus that is such a threat, in the us and the rest, and it is our
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objective to protect people. they remove the mosquito from certain area, the ecosystem to what it should be. neil: have mosquitoes that it has the government refuted you to do this? >> the world health organization put out a positive recommendation having studied our data. the fda has studied, put a file into them in 2011. they produced preliminary finding with no significant impact meaning no significant negative impact on the environment for human health, brazil we have national safety clearance across the country so we are getting there. neil: i want to get to dagan mcdowell and the big story coming back here.
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they are to blame, mail mosquitoes, has nothing to do with it. like they are going to save the world and there is dagan mcdowell. hello? ♪ in new york state, we believe tomorrow starts today. all across the state, the economy is growing, with creative new business incentives, the lowest taxes in decades, and new infrastructure for a new generation attracting the talent and companies of tomorrow. like in rochester, with world-class botox. and in buffalo, where medicine meets the future. let us help grow your company's tomorrow - today - at business.ny.gov
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help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now - and down the road. i have a lifetime of experience. so i know how important that is. jo ling: i am jo ling kent with breaking news on facebook and what they are doing to take out competition of snapchat. ongoing conference at the developers conference going on, you see stock continuing to drop, the big take away facebook going after snapchat offering a live video hub, opening to developers to build new features, tvs cameras and drones, not just your mobile device and computer, you see
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them going after snapchat valued at $16 million. this is a company facebook tried to buy in 2013 and facebook tried to buy it for $3 billion and that did not work out. the other big news, the messenger unveiled by mark berg, they want to create a chat with staples, bank of america inside facebook messenger. we know facebook messenger will be 1 million active users and able to order flowers without leading the edge that facebook is trying to establish to prevent you from going to amazon, google or apple. neil: i didn't understand anything you said but you said it brilliantly. this internet thing will be used. >> it is used already. neil: thank you very much.
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here -- dagan mcdowell, what i love about dagan mcdowell, she is what she gets, she is very frank, not harsh with words so i would be curious to get her reaction to female mosquitoes being the problem. female mosquitoes are the ones that bite, female mosquitoes start horrible viruses, even plagues and it will be up to mail mosquitoes to save the day. thank you. what do you think? all right. dagen: if the mail mosquitoes kept us happy maybe we would not be causing problems. neil: here is my problem with this. every horror movie you watch descends into the best laid plans going horribly awry. say all the mosquitoes are
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killed. they don't grow much past that. dagen: bats. you are going to call me. with a broom. neil: when man comes up with more creatures to handle a solution it doesn't work. dagen: are you writing a screenplay, shopping something you have written? are you angling for your next career? neil: do you think this is going to work? dagen: it is possible. i know something about this, the type of mosquito that lives in the united states is capable of carrying zika, but another disease, it never became a
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problem. doctors are hoping -- neil: female mosquitoes are not creating a problem. i don't think -- trying to keep it at bay. it is a year away. government throwing money at it. neil: i just don't know. i am a little annoyed about this. israeli health officials, more points, don't like anything having to do with mcdonald's. a subterranean diet, salad greens or whatever. when it comes to mcdonald's, she wants israel is to boycott, mcdonald's says they only came to mind because they are the biggest of the bunch but he is worried a lot of israelis are liking this. dagen: he said this to a group
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of cardiologists. they are not legislating mcdonald's out of business in israel because that is what politicians like to do. he talked about the sugar tax, raising money in philadelphia, adding a tax on sugary drinks. the name, the global chain. you want me to describe what it looks like? it is leify. neil: it draws more attention to this. a lot a just to us fast food chains, they suddenly do get it. dagen: it is personal responsibility but you can eat and egg mcmuffin, 3 cal sandwich and fantastic and delicious, a grunt a is 410 cal. the latte will set you back 400
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calories. neil: more than on top of it. did you see the latest batman superman movie? dagen: ben affleck is hot and henry cavill clay superman. neil: ben wants to go solo for the next one out. dagen: ralph doesn't know. ralph is dead. grazing at the bakery tray. warner is coming out with the slate of pc films was we don't know when this batman movie will come out starring and directed by ben affleck. it is more than thrown his way. he directed argo, won best picture at the academy awards. it was amazing. neil: did you see this movie? dagen: any man who could be engaged to jennifer lopez and star in the movie and still have a career, and win an academy
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award? he looks better than ever. neil: don't go into this movie with a large drink. it is a long movie. dagen: there is no restroom? neil: i didn't feel like visiting several times. this is so elaborate. i wonder if clark kent, take the glasses off, people go -- dagen: what are you saying? neil: i think it is dumb the batman goes through all the incarnations. and superman, just -- dagen: michael keaton, christian bale, george clooney was batman and ben affleck. that was one of the worst movies of all time. by the way two words next time you go to the movies, adult
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it raises a question we want to post here. but if donald trump just came up short and given multiple ballots didn't get 12 dirty seven comment saying sayonara. real clear politics reporter on that. what do you think, caitlyn? >> yeah, if donald trump works the party after the convention, i don't think you the many
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republicans of the party and delegate system the white according be pretty sad about that. they'll be very helpful to the cruise campaign who's been working. neil: some of them have never voted. republican or at all before. >> right, exactly. that certainly is a risk although i've talked to a lot of republicans who say they don't think supporters would necessarily vote or support anybody but trump had it would be hard to get that -- it would be hard to get them to turn out in a general election anyway. that is one argument being posed. you can also see this scenario in which there is a big revolt and that would be certainly problematic for the party. neil: thank you very much. fast-moving newsday. neil bush, brother of jeb bush
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that donald trump has no chance at all against hillary clinton. >> i think he is the most flawed candidate. i think he's alienated so many factions, constituents in the united states. he would move faster as late. i think even hillary clinton under indictment would be donald trump. neil: apparently neil bush is not a fan of donald trump. i did surprise them by telling his brothers in the show. he didn't know that. i'd venture to guess he didn't know his mother had changed his name to barbara clinton. he didn't know that either. it's a joke. he had the same reaction. chairman of the conservative party and make your peer you know it's interesting when i follow this back and forth, your party is not ready to endorse donald trump. have you endorsed a cruise? >> we haven't endorsed anybody.
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we are a separate and distinct party from the republican party. remember this started with 17 contests and he had many of them are very conservative. the party is up in on the state of new york. we are clearly divided amongst them. it now has narrowed down and there are trump supporters. there are crew suporters and a few of my supporters fear there is no need for me to leave the party and create rules within the party when in fact we don't know who the ultimate nominee is going to be. i believe the party will in fact nominate the nominee of the convention in cleveland. neil: barry reiners and angst that he was in a conservative and concerned about backing him.
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>> that's another problem we have. there are people in the party who do not believe that donald is a movement conservative. i think they have some argument there. no need to drag the party to a fight to win and be the nominee when it's all over. neil: is mary separate vote republican. it also a conservative one. >> there's a republican line and the state of new york in the conservative party line. if you have the same candidate at the end of the day you can name the totals together. you cannot separate candidates. neil: let's say it's not the republican candidate presumably from the republican. >> my game plan will be to try to endorse them that the party to endorse whoever the nominee is of the republican party. to make a difference in the state of new york or to make a
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difference for ronald reagan. no republic can has won the state of new york without the conservative party statewide without the endorsed him. neil: did you back mitt romney? we did romney, mccain. neil: understood. >> since ronald reagan we've endorsed a lot of republican candidate for president. neil: very interesting. good seeing you. >> good to see you. neil: we are following a hillary clinton event going on in new york yet she made a comment that you want to get pier one of my favorite gas, political analyst to respond. i hope you can hear this. this is hillary clinton moments ago. >> white americans need to do a much better job of listening when african-americans talk about the scene and then barriers the face every day.
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we need to recognize our privilege and his humility rather than assume iraq's variances are everyone else's experiences. neil: went like that? [cheers and applause] i agree with it. i wish he would listen to her on thover the weekend, her and mayr bill deblasio said in an appropriate and cringe moment for the type of comment about black americans and stereotyping around that. neil: she threw deblasio under the bus. >> i will defer to him. right. secretary of state hillary clinton and now democratic front-runner, the sentiment is there. i haven't seen in her 20 plus years her preflight and the sentiment in around. neil: you might want to talk to her husband. a couple weeks ago the blacklist matter by telling the court cases. >> that's the thing --
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neil: he was just hanging you are not going to get this going. >> yeah, the sentiment was true. the messenger becomes the issue. that's politics. this has been not a mystery. the black vote of come out for hillary clinton. some of these other regions. neil: the black lives matter crowd. >> we are not all the same. it's really nice that way. i know politically speaking you asked why build out the back she cannot afford to alienate black voters. she can do it because she started struggling with young voters. the black vote is something that is very solid for her. neil: i've been reading and say may be taken out of multiples to the convention because the general election would be more fact is saying the kinds of
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things he said and do it now and risk losing. neil: clintons have a problem with the crime act and that is what it is. that's a very controversial act. many people have questions around it. bill himself last summer said it kind of was too broad. at that too many blacks in prison for far too long. in the confrontation you just spoke about, he defended it. i don't think the clintons are clear on where they are with solutions for the black community. neil: barack obama when he was a candidate kidded about the same thing as the deblasio and clinton and he got no brief for it. there's not much controversy. what he think would happen if a republican said something like that? >> it would be rage. the most racist thing with everything here this is the most sent to do in america. none of us should be naïve. the messenger matters. the timing matters.
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we are in the primary right now. once they get to a general republican nominee when you're trying to gather a voter base that is diverse, you've got to be careful. neil: what he think about the fact i learned today that all of them are female. it doesn't matter politics. just know they're the ones that bite you and have a bad rap. >> i would need to see the data. from what my experience the show my experience has shown me, women tend to be the solution. we tend to give the answers. neil: the company tried to create a swarm of mosquitoes to impregnate female mosquitoes so when they have the babies, the babies die and there goes the whole virus thing. again, to break it to you. >> i think that's convenient. again, consider the messenger. neil: duly noted. a great sense of humor.
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>> american corporation trying to destroy the lives of working americans. [inaudible] you are standing up to millions of americans. [cheers and applause] neil: bernie sanders with a strike at verizon. 40,000 of them nationwide. could be more further strike in sympathy. these are not your smartphone wireless verizon workers, that they could affect your internet
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verizon files related services come your ground my services. a good many of them, bernie sanders taken issue with cod in a management is paid by the millions may have to settle for peanuts. we are following that very closely. meanwhile, minimum wage protests around the country have something slightly in common with what is going on with verizon. workers feel they are getting the short end of the stick. the sandwich shop owner is bracing for the fallout from that and for $15 an hour minimum wage because those workers at his restaurant could be affect it. there could be fewer of them. he joins us right now. actually, good to have you. you were concerned when this first came out that this could go meringue on you. you have 300 of these shops and a lot of your workers are paid the minimum wage. many would have to see under this new law a big bump in that. can you afford that?
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>> yeah, well, here's the thing about the franchise model. we have the benefit of group thinking. we have the benefit of group purchasing and group support. in the restaurant business like all restaurants, we work to define the economic model. when the economic model is flexor whatever reason were forced to adapt, the industry at all get together and does what is necessary to preserve the economic model. while i'm generally for higher increase in wages because that's a good thing and you've heard the arguments for and against on both sides, and you know, what concerns me is how fast they try to move it. by moving it to $15 an hour so fast, and i see many more paths to disappointment than i do to success with respect to the issue. i feel a little bit scared for the middle class which represents the highest class of people in their quality of life and how they are going to live. what happens is you have
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teachers and sanitation workers and utility workers and entry-level -- list goes on of all of these other jobs that now can go to school, get $100,000 in debt on an education and come in and make the same amount of money as the 16 router just got a job at the sandwich shop is making. what happens is you have a disparity of people who want to get the $100,000 loan ago i got a career. in order to get those people to really incentivize those people to do that, you will see the wages go up there as well. neil: i understand what you're saying. i had an advocate of the $15 account stating when i raised your argument, with people paid more for the product they are getting to make sure workers are getting paid more, she said yes. no way in as i do that people are happy to pay a premium
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because business is so good. but to pay for the $15 minimum wage, they would have to pay a little bit more. and some way you could cut only so much before you have to raise the underlying cost of the product. do you think your customers would pay more to address the higher cost you pay for labor? >> well, certainly in our case we sell a premium product. oliver proteins are roasted in-house. fresh, made daily, unlike in a competition. our oliver proteins are roasted in-house. fresh, made daily, unlike in a competition. our customer is not a price-sensitive customer. having said that i don't increase in prices is the issue. i think that is one piece of the puzzle. what actually interest me to see the imitation as a whole. when you have disruption to an industry, you get tremendous imitation. ultimately i am in some ways intrigued and excited to see what the future will hold for
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the industry. neil: you must be bracing yourself for something. it's going to get there in the next few years. what are you doing to prepare for that? >> sure. again we are focused on watching the industry as a whole. we've done the calculations within our model and we can essentially how every single year that flex is our model with respect to the bottom line. we are a small business center franchisees within california and within the country, you know, our model is represented by dollars m. versus dollars out of we have a food and labor costs model that have to hit 58%. at some point if the model breaks down, you know, we have to make the adaptation to it. for us, what we've looked at so far as to mean that is concerning, but isn't overly concerning.
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we are going to continue to watch the industry, see what happens to news the group thinking of the franchise model that is ultimately a win-win. neil: good seeing you again. thank you very, very much. >> thank you him a meal. appreciate it. look at the doubt here. not only are we out of highest for the year, but i think 500 points as the all-time high. that would've seemed unthinkable after a rocky january. this is april. what happened? at mfs investment management, we believe in the power of active management.
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investors just rose to 52.7 million from 55 -- 255.5 million. the period ending on march 1st , investors are now betting apple shares will go down and this could be a little worrisome because apple is one of the most widely held stocks out there. meanwhile, some good news for amazon today rolling out their latest scandal. he always says the reader has been selling for a whopping $290 for the candle available for orders today and start shipping april 27. shares of amazon up 1.5% today. twitter and i says according to data by "the wall street journal" from recorded future inc. twitter remove 26,000 suspected pro-islamic state accounts in march. an islamic state supporters have kids they've created more than 21,000 accounts in the exact same period. neil. neil: thank you very much. the hillary clinton's speech has
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made some comments started tailor-made to the crowd and she is commented to what is going on in politics right now particularly about the cruise. i want to introduce one of our favorites on the show, the former cia or ambassador james woolsey appeared before i get to the comments i want to respond to hillary clinton today. she has been saying when it comes to republicans handling the threat from abroad it is actually democrats who have a better track record of putting them in balance. do y that? >> i think they're been strengths and weaknesses in both parties on this. i think what is different is that the conservative wing of the democratic party, people like scoot jackson and joe lieberman who used to be very strong on national security and kind of liberal and the message batters is now largely gone. so you tend to have either conservative or liberal, either republican or democrat.
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i think things are little more divisive and less involved with compromises and working together in washington than they used to be on other issues. neil: ambassador, we took the fact line at ted cruz moments ago. >> ted cruz would treat americans like criminals and profile their neighborhood. so ugly currents that lurks just below the surface of our politics have burst into the open. everyone sees this bigotry for what it is. neil: but she said about donald trump and the idea we stop letting come into the country. i am paraphrasing. what do you think her messages? >> well, i think it is accusing the republican side of a sickly
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bias and racism almost whereas what one has to do and this is exhibited very well in the giuliani and bloomberg approach and ray kelley approach toward policing in new york city right after 9/11 for if they were looking for muslim terrorists, they would go looking in and around the mosques. they are prohibited from doing that as long as they don't make an illegal arrest her son like that. they were doing a good job. i think one has to realize there are a lot of people from southern italy and sicily who live in one part of town and looking for somebody from part of organized crowd that has a lot of folks that is where you go and look for them. i think that side of policing,
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the way giuliani and bloomberg did it is really on return. it would help us find terrorists and issues and i don't think it is either insulting or improper in any way. neil: alex sink in the spirit of those remarks that you and italian anchor made reference to sicily. i see your point. it's well taken. we are only days out, weeks out from the brussels attacks. if you were to posit this or start a friendly approach to my funds are even screaming or any of that stuff after 9/11, of course we didn't have our funds, but literally -- now, maybe because they occurred in brussels, we go seemed to sense the alarm. i'm not justifying the republicans taken conservatives when it comes to ostracizing
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muslim, what have you. but do you find it odd that temperament has changed at the point where the action members aren't would have perfectly justifiably to the 9/11 are not the case today. >> well, people forget quickly. they forget or have already forgot to new york to some extent some of the things that worked out of 9/11 and i really did keep there from being some further attacks. we americans i am afraid kind of have short memories and we win a war or something positive happens and we relax and say we don't need to deal with national security anymore. we've solved that problem. and we haven't. it is a perpetual problem and now we have an offshoot of islam generating terrorist groups. it is not all of islam by any means. when can treat muslims differently than other people,
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but one has to pay attention to what is going on and be able to talk about the issue clearly and not get dog down and political correctness and not addressing issues squarely. neil: all right. ambassador, thank you. or should i say grab me. -- always good having you on. you know the latest fiscal year, the government took in more revenues than it ever has in history. money coming in hand over fist. so i want you to crunch the numbers here and realize you are the ones getting crunched. i have more here bright front of us.
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neil: all right. we are just talking about the proposal generals had to deal with the zika virus. faxing is coming out of the body and nation and the white house thinking. we had a ceo who was combating the problem in a different way a few minutes ago. take a look. explain how this works. what are you trying to do? >> we send vetoes and mosquitoes to spread disease. it is only the females that bite you. the males really can't reproduce.
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neil: it is female mosquitoes that bite. the males have no problem. they get a bad rap. they are lumped in with all mosquitoes. >> that is correct. every mosquito was never big new has been a female. neil: i suspect it as much. glad to come arm. >> my diligent staff has been doing that. the mosquito is the one that writes on flower nectar. they are just sort of whatever. she's the one that requires the blood to produce the egg. they say whatever. anyway, this guy's company wants to create a swarm of male mosquitoes that impregnate female mosquitoes, larva can't go much beyond that. they die. they haven't thought through what happens. the potential disaster. he thinks he's got it covered. maybe he does. i watch plenty of planet eight movies. there's always unintended consequences. scott martin on now.
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i'm kidding. scott martin will respond to this, but also the market that is soaring, even in the face of deficits soaring even faster. did you know first off female mosquitoes are the only ones that bite you? not a single male mosquito has ever bit new. >> i figured. it's an amazing life lesson. it goes to show how things translate through species. i would argue that happens to you and me my friend. >> we are just fine, having our nectar. >> somebody comes along and messes it up. neil: i hear you. many female members of my staff a block off the show. but here is one thing that's interesting whether female or male. you are buying it regardless of what we've got. the deficits are soaring even as revenues are at an all-time
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high. to me it illustrates not so much a revenue problem. the debt is piling up close to $20 billion for some other reason. what might that be? >> yes, money and in more money out with debts and deficits rocketing up. the obama administration says mr. and mrs. america, you need to be comfortable or at least conscious of your personal situation. you need to take responsibility for yourself and pick yourself up here the government doesn't do that. they have an endless supply of taxpayer money they continue to exploit. they raise taxes on production and job creators, small businesses. we have the highest corporate taxes in the world. they say we need more because we can't control the spending we have on the record amounts of money we are bringing in. neil: we look at some of these numbers. there was the one everyone describe her deficits are coming down to the $450 billion range.
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at this point you are spending their dad. having said that, nowadays reversing. it is such that those costs are going to go out. they will be added to the data. there's got to be a day of reckoning for that. >> well, i'll be. if it continues the way it is into the following section where we don't have some reform or a true balance thing in the budget the way we haven't seen since the clinton years. i will tell you we will have to pay. what will happen as it is not so much like everything will fall apart in the united states, but you will see taxes and tax rates go up an alarming rate. that chokes out business growth. that chokes off your take-home pay will eventually hurt your standard of living which nobody wants to face. neil: scott, thank you very, very much. i think we can avoid going home. >> stay away from the female spirit is good advice.
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neil: i had no idea until today. meanwhile, also focusing on other numbers coming out of washington. nothing to do with deficit data. more to do with waste. julia steered us tell them all out. >> the new book out very exciting. it tells you exactly how congress is wasting money with earmarks. check this out. they are not supposed to have any of these. note year marks at all. in 2016% $5.1 billion in earmarks. since 1991, congress has spent 323 billion sneaking stuff into budgets they are hoping you don't see. people at the organization are making sure the defense of the u.s. government know all about it. let me give you some examples. first off, the rural electrification program. it still exists even though it was put together during the new deal.
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98.7% of all americans are electrified. there is an earmark for the organization at $10 million. and there is that 8 million aquatic plants program. $8 million because i guess congress is worried about the trip as. i can't figure this out. they are worried about invasive aquatic life in rivers and streams and ponds and lakes and they're trying to put together underwater pesticides, and find ways of killing stuff so both can get through and people can swim. $8 million for that. and then there's the fund for the improvement of education. i have to tell you i've been looking at this and languages activities promote systemic education reform at the state and local levels. sounds like a big slush fund to me. the wasteful spending continues than you can count on congress to do just that. neil: that is what creates debt. thank you very much, gerri willis. we are keeping an eye right now on the case, what that they say,
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>> it is time for your fox business brief. the dow getting close to 18,000 you may have heard. now you can see 17,877. we have not been in 18,000 since june. we'll watch all these numbers. if you're into that the next two days. jpmorgan providing leadership for the market today up by 4%. better than expected earnings. the jpmorgan been such a big name in the financial site there, look at the other financials stocks. bank of america, citigroup improving my ability to read from top to bottom. all higher today in significant gains for banking stocks. harley davidson another performer. ahead of the earnings next tuesday and the stock is up neil back in just a few minutes with "cavuto: coast-to-coast."
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neil: i always thought the nba made money hand over fist. apparently not enough. they're looking to make more money by allowing advertising. connell mcshane is up on this. >> are you an anti-capitalists? neil: i thought they made a million dollars. >> i love it when you and i talk sports. we were getting into soccer yesterday. >> female mosquitoes do it now. >> really appeared to follow
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upon our conversation yesterday should be paid extra. that essay. don't distract me here. the nba with the jerseys on the sponsorships. soccer teams have the sponsor right across the chest. it was inevitable this would happen in our sporting world at some point i think. the nascar, sponsors all over the cars. there's going to be about likely approve this week. they will put a sponsor on the left shoulder, just a small one. the money will be split up 50% for the team in 50% for a pool of revenue for all the rest of the teams. neil: where he met, at&t or whatever it is. they all have to wear it. they are getting half of that. >> detainments. neil: the pool chairs set up between players and the teams in the league and they split that
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up in some 50/50 maybe. not a definite gap that they will talk and vote on it this week. the basketball sports purists will be all over the radio talk shows. is it really. it doesn't affect the game and how it's played anyway. there's nothing on the court changed. not like they are adding exercise to their arms. a little patch that makes everybody a few bucks. >> it's like old trading firms. what do i care. neil: thank you very much. hillary clinton accusing bernie sanders of trying to rig the system of superdelegates. i kid you not. listen to this. >> when you talk about breaking the system, that is what senator sanders is doing now. that is forcing senator sanders to go talk about the idea that he wants to put superdelegates and get him overturn the will of the people.
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neil: what did you think, peter, when you heard that? >> the system is what the system is. if people are working to get superdelegates to switch, so be it. if you don't like the system, change the system. this is the system we have. frankly i don't like it. but that is the fist in the two candidates are working and so they both need to try to get as many of the superdelegates as possible. sounds like bernie sanders is on it. a little bit late to the game. neil: i agree with you there. the fact of the matter is the superdelegates he had or not at all a representation of the vote he's got. he would have at least a few dozen more than the ones he has. so maybe it is a case that team clinton turn into defensive position about being good on offense and saying here's the problem. >> i think secretary clinton did a very good job early on getting superdelegates support.
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i think senator sanders is now coming back and trying to play catch up and getting those supporters. committed as the chairman of the utah democratic party to support whichever candidate got the most votes in our caucus. that is why i'm committing to senator sanders and happy to do so. neil: do you think it is too late for him to sway some 700 per delegates, the fraction he's gotten the vast majority are normally in the cycle years ago was barack obama and senator obama who managed to get hundreds of them to switch camps. is it too late? to do the same? >> is obviously very hard to get somebody already committed to switch. it makes sense to see how strong commitment fire. if the type stars turning toward senator sanders, he has won eight of the last nine races. some of those people may be willing to switch whereas they
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may not have been previously. neil: thank you very, very much. you might notice there is better than 700 of these guys. that is why you've got 469 cal. that is why they have not been all sort of martial dow. a lot more of this including joe biden visiting the vatican presumably with bernie sanders. an issue that might surprise you. 32 years at this place and i've got 9 days left before retirement. look jim, we've been planning for this for a long time. and we'll keep evolving things. so don't worry. knowing what's on your mind and acting accordingly. multiplied by 13,000 financial advisors. it's a big deal. and it's how edward jones makes sense of investing.
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inequity. sort of the back-and-forth is where the pope invited him and sanders invited himself. bernie sanders. in the meantime, zika. this is big news. and on new female mosquito. take a look. >> the task like panama and brazil, with which by the way, the epicenter of a lot of this. >> yeah, the results are very good actually. if you imagine these mosquitoes, we've shown in every single trial, every single one have reduced the population by 90% in about six months. neil: this guy runs a company where they are trying to get a whole bunch of male mosquitoes. they impregnate the said female mosquitoes and whatever come out because i made time -- i did not know this.
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it is a female mosquito. the males are just having some fruit nectar. i'm wondering what is the big deal. kennedy with me now. we have to get to the female mosquitoes. >> i think this is so sexist. i didn't realize the herpetology gold kingdom. neil: did you know when you're bitten by a mosquito at this e-mail? i did not know. >> that is something i had heard rumors. neil: -- do you think this can go too far? the male mosquitoes go and all the babies are killed. there must be some values somewhere in our ecosystem. >> of course. that is why they had to stop spraying massive blankets of malaria because it was having deleterious effects on the ecosystem and birds were dying.
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neil: he's a young man, boy scout. a deal. he tells the mosquitoes have been around for 2 million years. meant time for 17 years. so -- >> anatomically modern humans. neil: what you make of that? >> i think technology supersedes pollution in this case. i trust the good scientists -- i don't think he can drive a car let alone buy the cigarettes. neil: that went horribly awry. >> it did. yeah. i'm honored that this could go horribly awry d all the sudden with creatures like charlie gasparino. >> once you put charlie gasparino and the zika mosquito, there is no way to come back from that. they are saying that this
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start your free thirty-day trial today at join-self-employed-dot-com. neil: take a look what is going on with the dow right now. we're not only all-time highs for the year, we're about 400 points from the all-time highs period. not only on this 18 hk watch as we like to call it. k is for thousand. do the math. a lot of banks got battered in the first quarter. every dog has a new day in the first quarter. not that jpmorgan chase is on fire. it didn't lose nearly as much as some thought.
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a lot of it is basic consumer business is quite sound, thank you very much. propelling action in financials and propelling the dow and propelling us into the next hour with trish regan. trish: donald trump stepping up attacks on republican party calling the nomination system a disgrace. the chairman of the rnc now firing back. i'm trish regan. welcome, everyone to the intelligence report. republican party in chaos right now. trump says i already know the nominating rules and this fame is rigged. reince priebus, chairman of the rnc tweeting in response, that the nomination process, i quote, has been known for a year plus beyond. it is responsibility of the campaigns to understand it. complaints now? give us a break, reince says. this as "the washington post" report unless donald trump can get the nomination by it hadding that main jibbing 1237 number of delegates he will likely lose to ted cruz in the convention. with stakes this high, no wonder
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