tv Cavuto Coast to Coast FOX Business October 3, 2017 12:00pm-2:00pm EDT
12:00 pm
and added nearly $5 trillion to the value of american stocks just since the election. i stuart: five seconds to go, neil cavuto. now all yours. neil: thank you, sir. is it me, stuart, or not one to judge various corporate grillings going on, for the senate side on wells fargo, for anyone there to be judging financial impropry cities of anyone -- improprieties, period, these are the same people who couldn't keep track of a couple trillion. i find it odd. like me overseeing a dieting scandal, right? well, you know, you had too many croissants, pal, out you go. really? stuart: when you run up $10 trillion worth of debt in eight years -- neil: you're judging a financial
12:01 pm
institution. stuart: you're calling names. neil: put the rock down and slowly back away. stuart: let him who is without sin cast the first stone. isn't that appropriate? neil: in that case there would never be one congressional hearing. it really, i mean, stepping back, knowing the big pickle we're all in as a result of what these guys did, more to the point, didn't do, they're pointing fingers at wells fargo ceo, or, again, getting into the weeds here. just saying, man, oh, man, a little rich. >> stuart: you know what i would like to see the same things, elizabeth warren to donald trump. i would our president say to liz warren, demanding this and that from him. i would love to be there. it just won't happen. neil: pocohontas, you remember that? it would be colorful. holy cow. sorry to go off on the diatribe.
12:02 pm
president of the united states, stuart referred to him, he is in puerto rico now. talking about the aid providing to puerto ricans. in the crowd we're told not only the governor the puerto rico, but the mayor of course, carmen cruz, a very big critic of that. she was in the crowd. shook his hands. let's listen in. >> you have no idea, you have an idea but, so important that, i want you to be here. this is hard time everybody is going through, you know? >> thank you, please, sit down. thank you, very much. it was a great trip and a beautiful place. i've been to puerto rico many times, as i think most of you have known. have always loved it. your weather is second to none
12:03 pm
and every once in a while you get hit. you really got hit. there is no question about it. ii want to thank in particular some of the folks come here where great danger was involved at the beginning. i have to start with brock. where is brock? brock long has been through a lot. neil: whoops. hope to get that back very, very soon, maybe through another feed. the president arrived in puerto rico a short time ago. let's get back to that. >> brock long has been through a lot. we gave him an a-plus in texas. thought he could rest for couple of days but before he got any rest he had florida, right? then he had louisiana. he had other places but, by the way, louisiana, we don't say it often, but louisiana got hit very hard also and they have been fantastic. then he came to florida, and we gave another a-plus. all of sudden, there is another
12:04 pm
one heading out to puerto rico and to the u.s. virgin islands. but it wasn't one, it was two. i was going to be here a week ago if you remember. that was the day of the hurricane. that was the day of the second hurricane. so, brock has been unbelievable. this has been the toughest one. this has been category 5, which few people have ever even heard of, a category 5, hitting land, but it hit land, boy, did it hit land. i want to thank you, elaine, thank you very much. acting secretary. elaine duke has been incredible. tom bossert is here someplace. tom, great job, great job. and to all of my people, and i have to say, general buchanan got here a few days ago. no doubt about it. there is a reason you are a general, right? he is no games. give me a general, i don't want have any, i don't want a general
12:05 pm
that plays games and you have done a fantastic job. the whole team has been amazing. your governor has been, who i didn't know, i heard very good things about him. he is not even from my party and he is started right at the beginning appreciating what we did. and he was tremendously supportive. and he knew the level of, of problem that you had at the beginning before, and at the level what happened with respect to the tremendous storms that hit your beautiful island. and governor, i just want to tell you that right from the beginning this governor did not play politics. he didn't play it at all. he was saying it like it was. he was giving us the highest praise. on behalf of our country. i want to thank you. [applause] i also, i also want to thank
12:06 pm
your congresswoman, who actually represents the largest number of people of any congressperson in the united states, i know that it is 3 1/2 million people, jennifer, right? so congresswoman jennifer gonzalez cologne, who i watched the other day -- colon, she was saying jump nice things for all people that worked hard, jennifer, can you say a little bit about us today? it is not about me, but about the incredible people, military fema, first-responders. i have never seen people working so hard in my life. perhaps you could say, congresswoman? >> thank you, mr. president. the thirst fink is, that -- first thing is before we were hit by maria, we were hit by hurricanes. fema acting together, more than 4,000 people were here on the island for different branches of
12:07 pm
the military. hhs, navy, army, people marks all the staff working together before the hurricane hit. they were here before, during, after the first hurricane and they continued to stay on the island, boots on the ground during maria, same thing. i think we never got the level of communication within the federal government and local government like never before. we are in the path of a hurricane. we're used receiving hurricanes, but never before category 5. the amount of devastation was unheard of. during all the time, federal government was on our side, doing job, people here, you, military, all the questions and requests that the governor did, the president and his cabinet accomplished, send more people. continuing to send in more people, trucks, drivers, resources. thank you, mr. president, for all you're doing on the island. >> i want to thank you.
12:08 pm
i saw the comments. everybody saw the comments. we really appreciate it. it is so important, when you have men and women worked so hard and so long, and many of them came from two other catastrophic hurricanes. they came from texas. they came from louisiana. they came from florida. and there was no -- how many nights rest have you gotten? zero in the last month, right? >> day 43. we'll keep him another couple weeks. but by that time, but we, come here. special guy, i will tell you. [applause] in addition to tom, i always thank linda mcmahon, she is in charge of small business but small business is massive business when all is done. built a great company with her husband vince mcmahon.
12:09 pm
i wanted her so badly for this position. nobody knows how to build a company like those, let me tell you, like this woman. she has been amazing in business. now she is doing an incredible job as administrator. we want to thank you, linda, very much. [applause] and, mick mulvaney is here, right there and mick is in charge of a thing called budget. now, i hate to tell you, puerto rico, but you have thrown our budget a little out of whack because we spent a lot of money on puerto rico. that is fine. we saved a lot of lives. if you look at, every death is a horror but if you look at a real catastrophe like katrina, and you look at the tremendous, hundreds and hundreds of people that died, and you look what happened here with really a storm that was, just, totally overbearing, nobody has seen anything like this, what is your, what is your death count
12:10 pm
as of this moment, 17? >> 16. >> 16 people certified. 16 people versus in the thousands, you can be very proud of all of your people, all of our people working together. 16, versus literal thousands of people, you can be very proud. everybody around this table and everybody watching can really be very proud of what has taken place in puerto rico. i also want to pay a very special thanks to the navy. who is here from the navy? who do we have, general? what a job. so you have ships all over the place. i saw them flying in. i said boy, this looks like very big stuff. and the job you have done getting things here, there are no docks. there have been. we're in process of opening them up. they were just devastated. but there are no docks, no nothing. the way you got the stuff onshore is incredible. so i want to thank the navy. would you like to say something on behalf of the navy? [applause]
12:11 pm
>> sir, your team is here to respond and -- [inaudible] four navy ships to get here and handle anything that happened in irma and repositioned, was able to respond to puerto rico right after irma. -- we saved lives. working with fema, with the governor of puerto rico and demonstrate our ability to sea, air, land. >> thank you. and thank you very much. you know, i don't have to even mention the marines because we have general kelly. where is general kelly? where is our general kelly. he likes to keep a low profile, look him, sitting in the back. boy is he watching, you have no idea. general kelly, come up here. he is a four-star. not a bad general, you don't get any better than general kelly. but on behalf of the marines, i tell you they have done some job, general. can we mention army and mention some people that i really got to know and respect, even more in
12:12 pm
texas, and that is the coast guard. what a job the coast guard has done throughout this whole -- [applause] throughout this whole ordeal. they were going right into the middle of that, i mean, i don't know. i wouldn't want to be doing it, but i want to thank everybody. i want to thank the coast guard. they are special, special, very brave people. a lot of people got to see the real coast guard during this incredible trouble. and especially i think here and in texas, it was incredible what they did, thank you all very much. thank you very much. we appreciate it. we really appreciate it. would you like to say something on behalf of your men and women? >> sir, i'm representing air force. >> i know that. >> and i -- [inaudible] u.s. virgin islands, puerto rico specifically, trying to open up airfields, to get majority of
12:13 pm
flights in nichely with people, setting up across the island, so we really could get people that are most dedicated. >> runways now are pretty open? >> yes, sir. we have four major runways are truly open and operational. 700 flights, strategic air sorties and to puerto rico to provide -- [inaudible] >> amazing job. amazing job. so amazing we're ordering hundreds of millions of dollars worth of airplanes for the air force, especially the f-35. do you like the f-35? >> game changing technology. >> how do they do it in fights with with the f-35. you literally can't see it. hard to fight a plane you can't see, right? >> we like that. >> that is expensive plane you can't see. as you heard we cut the price very substantially, something
12:14 pm
other administrations would never have done, that i can tell you. thank you very much. where is the coast guard? who can speak on behalf of the coast guard? who can speak? where is our coast guard representative? come here. get over here. come here, my man. on behalf of the coast guard. these people are amazing. go ahead. >> i don't think there is anything that the men and women of the coast guard would rather do than help people of puerto rico. our fellow american citizens for us. this is what we get to do on daily basis. getting to help our fellow citizens is just what our duty is all about. it is our pleasure to be here, sir. >> well you know, in texas, it came in. it did devastation. then went right out into the coast. it came in and out. it came in three types. it would load up with water and come in. nobody has ever seen water like that. and the coast guard, would follow it. it goes in and it would be right
12:15 pm
behind it. then it would move. they saved 16,000 lives in texas. hard to believe, 16 between the helicopters and all of them but the coast guard in texas saved 16,000 lives. there they went right into the hurricane. not many people would have done it. thank you. >> [inaudible] >> say a few words. please. say a few words. please. customs and border protection, say a few words. don't be shy. [inaudible]. >> what i would like to do -- you want to stand up? go ahead, stand up. [inaudible].
12:16 pm
neil: all right, i'm not exactly sure what is going on there. a woman was talking about some of the efforts that were taken to help puerto ricans. it looked a little awkward, president spent inordinate amount of time focusing on help after the criticism he seemed, disproportionally so, and focused on help and hearing from those say it is going well, at a time more than of half of puerto ricans have no power, still waiting for more help. always in the eye of the beholder. to the president's credit he allowed, in that group was san juan mayor, carmen cruz, a frequent credit of the president. they did shake hands before he
12:17 pm
arrived on scene. she is sitting in that room, as governor of puerto rico, ricardo rossello, says federal, state aid, has been forthcoming. has no immediate problems with it, that more should be coming. i want to get a read. are they going back or what do we have, guys? it is over. it is interesting that general kelly was whispered in the president's ear to essentially wrap the thing up. and, and conclude what seemed to be a lot of self-congratulatory praises on aide here. that could be my impression. a little weird. department of homeland security press secretary. secretary, good to have you. i mentioned, sir the san juan mayor and president ultimately agreed to include her in the discussion of the i don't know in the end that was his call
12:18 pm
despite her criticisms. did you have a role or your boss have a role at least she would be invited on those discussions? >> thanks, neil. we at the department of homeland security as well as fema, administrator long who is there, that you heard from, has been reaching out. we reach out to all local officials to include the mayor of san juan. we have very close relations with the governor of puerto rico. our emergency operations center is based there in san juan. so we continually reached out to the mayor to insure she is involved in part of the process as we plan and distribute aid. neil: because she had made, as i'm sure you're aware, a fuss over being included in conference call yesterday but her phone was muted. she couldn't weigh in. she could listen i guess. this was something coordinated with officials on the ground there, those at homeland security, sort of getting apprised of latest rescue
12:19 pm
recovery efforts. is that true, was her phone deliberately muted so she couldn't participate? >> i couldn't tell you. i don't know the answer to that. neil: you don't sound like a guy who would do that. >> no. neil: let me ask you where this goes right now. the president of course, it is human nature, criticism for this particular disaster she he wasn't up to snuff. she said that. noted dealing with a island is not like a state, neighboring states and those sympathetic could come and help but that help was later than would normally, ideally be the case. whose fault is that? >> so, at this point, again, we're not looking into certain blame. we're moving forward every day as was said during the press conference, actually, by the congresswoman. fema has had individuals, coast guard had individuals on the ground first, through the first hurricane which was irma. stayed on the ground for maria.
12:20 pm
and again, the conditions on the ground after, it was a direct hit to the island, have certainly complicated our efforts to distribute aid throughout the island. that has certainly made things slower than we would like to see but every day we're gaining more and more -- neil: what was going on? the reason why i mentioned it, the president mentioned the same thing, poor leadership, in this case at the time the mayor of san juan and others in puerto rico not able to get their workers to help. what do you mean by that? were you referring to that? >> no. and again, we understand that many of the individuals on the island, to include local government officials have been personally impacted by the storm. they are victims and survivors themselves. so in other previous storms where you have had local officials with emergency operations centers up and running, especially in large states like texas and florida,
12:21 pm
where you have parts of the state unaffected by the storm, here in puerto rico everyone was affected by the storm. so you had local officials that were not able to very quickly to help to coordinate efforts. you again had truck drivers and local workers, that are caring for their families and are not able to come to as-- a assistance unharvey and irma, drivers, or folks with boats come next door. so you had to rely on locals, again, who are impacted themselves by the storm. so it has been lower than we would like, but we're getting there. neil: all right. so when you hear the criticism from the president and administration collectively is that from those on the left, and that isn't too, too shocking, maybe the same would apply to mayor cruz in san juan it was too little, too late,
12:22 pm
elizabeth warren said there is no dollar estimate what is needed because there is no plan in place. or senator richard blumenthal, blasting pork -- puerto rico, as not helpful. lin-manuel miranda, behind "hamilton," that he is insensitive, going straight to hell. no long lines for you, mr. president. they say right this way, they will clear a path. what do you think of all that criticism. >> so again, for the folks, professionals on the ground, to include ones here in washington, d.c., i think it was mentioned at fema headquarters, this is day 42, 43 i think of 24/7 operations. we pay no attention to the criticism. it will come. we focus on mission at hand. obviously there is freedom of speech in our country, those in
12:23 pm
the military fought to depend. people are free to criticize what they do. we try not to let the criticism get in the way of doing what is right, getting the job done. neil: do you think the president, this is personal, went overboard to get the good story out? you are quite right. he heard a lot of criticism. his performance for early hurricanes in the continental u.s. was exemplary. maybe chafing at criticism he has got on puerto rico that might or might not be justified to your point, showcasing people complimenting what he is doing, it didn't look right. what do you think? >> stay away from everring my personal opinion but what i would say, that, we're also looking for balance. there are certainly people in puerto rico who are desperately in need. that is undeniable. that is nobody is trying to cover that over but we also don't want to ignore the great work and hard work being done. so a little balance is in order.
12:24 pm
neil: fair enough. dave lapham, department of homeland security. president will get a sweeping tour of the island, as much as he would be allowed to see without disrupting help efforts. the president using occasion to remind the press and the world tuning in, that help is not only on the way but it is there. it might look like self-congratulatory effort, press secretary saying help is there. despite what the mayor of san juan said, it is not if we're ignoring this. it seemed a little weird to spend so much time patting one self on the back. that is the the way politics works. more after this.
12:25 pm
12:26 pm
12:28 pm
12:29 pm
we know as well that he had a little bit after money from real estate. we know as well he was compulsive gambler. not necessarily dangerous one. depends on eyes of beholder but as far as motive, why he would do what he did, take out 60 innocent americans, injure 500 more, why? jeff flock with the latest from there, jeff? reporter: what we know, neil, this is what we know based on information from authorities and other sources in position to know, obviously there is a lot of rumors out there, here is what we really know. stephen paddock, we know he is 64 years old. he lived in a retirement community outside of las vegas, 75 miles to the northeast. a del webb sun city community, 55-year-old and older, mesquite, nevada. wealthy, estate investments. his brother said he was millionaire. no criminal record.
12:30 pm
no criminal arrests. one traffic citation comes up. he had a pilots license. and had a hunting license. he was a golfer and gambler as you report, high-stakes gambler, recently involved in multiple transactions. not clear whether those were losing transactions or winning transactions. lived for a long period of time with a 62-year-old woman named marilou danley, believed to be australian citizen. she is out of the country. no word how long they were apart. perhaps isolation there, gambling losses combined with this. that is all speculation at this point. we know what the president said about mr. paddock this morning, and there can be very little doubt he is probably right, even though this picture i just painted doesn't just go to it. here is what the president said. >> he was a sick man, a demented
12:31 pm
man. a lot of problems i guess, and we're looking into him very, very seriously but we're dealing with a very, very sick individual. reporter: only problem, was, neil, he didn't look to the outside world like a sick individual. worth noting this one final fact, and that is, paddock was the son of a man named benjamin hoskins paddock. if you are like me when i was young, looked at wanted posters when you went to get your mail, he was on the fbi most-wanted list, elder mr. hoskins, doing time in 1969 for bank robbery. he was described as suicidal, psychotic escapee. neil: jeff flock, thank you very much in las vegas. we want to a former assistant fbi director. chris, people say that reason why alone you raise potential
12:32 pm
red flag. i don't know why necessarily that would be a reason. that is penalizing the children of those who had been incarcerated or worse on the fbi most-wanted list but surely there must have been other potential things that the fbi or others might be looking at even now in retrospect might telegraph trouble. what are they doing? >> the sins of the father are not particularly relevant although interesting. they're dissecting his life. the how, the how is pretty easy to figure out here. all forensics going on right now. pretty extensive forensic investigation, digitally, at the crime scene. but i think one of the important parts of this investigation will be the human factor, talking to people that know him. looking at his communications, and understanding why he did this. was he motivated by some ideology? did he snap? did his girlfriend the key here? talking to him, i'm sorry,
12:33 pm
talking to her will be key interview taking place. neil: a lot of his people, his brother, more importantly, maybe he snapped, referring to his brother. he seemed to meticulously planned this. sunday night was night of the shooting. so he was looking at the third and final night of that country concert. so he was witnessing it, seeing it. probably walking by it on these prior evenings if not earlier that evening. so, that doesn't sound like someone who snapped in the moment. this seemed to be well, well-practiced but what are your thoughts? >> yeah, certainly looks like a lot of rational planning for lack of a better word if what he did can be called rational. extensive presurveilance. he watched concert for couple days from his room, probably looking at the crowd patterns. he had to create firing positions, fields of fire. mount weapons on tripods. probably move furniture around.
12:34 pm
select the room. get just the right room. get guns up there. with no military experience by all counts, this reflects very deliberate action on his part. it is hard to argue he just snapped. there are reports that he quote, aggressively unfriendly, not a pleasant person. didn't like people too much. neil: right. >> i think we'll find there was some triggering event. neil: do you have to be a great marksman to do what he did? it has been liken quite crassly shooting fish in a barrel, from that height, that vantage point, he would not necessarily have to be a great marksman? had a lost weapons. we're told as one emptied out he picked up another one. what do you think of that? >> i think he has to have moderate skill, the ability and knowledge to work actions on those weapons. he had to have practiced with them before. no, he would not have to be a great marksman, he would have to
12:35 pm
have familiarity with the weapons. he probably wouldn't have to reload. woe move from one weapon to the to the next. smarts marksmanship he did select a firing position that allowed him to shoot down and basically hit just about anything. the spectators didn't know which way to go. they carpeted the ground with people. so all he had to do was rake the crowd. i heard one account he was firing 10 rounds per second. that is 600 rounds per minute. so he was getting a lot of firepower out there. neil: incredible. we'll get so much on surveillance tape and rest about going on that hallway, if you weren't moving around. in and out of the hotel, right? >> painful detail. i think we'll see the hotel video. apparently videoed himself. i think we'll get unusually detailed account of his. mos and video of his smuggling weapons up, set up firing
12:36 pm
positions. in the next day or two we'll see video that will shock us all. neil: chris, always appreciate your expertise. chris swecker, former fbi assistant director. to chris's point so much we don't know but we get video and assailant's video, maybe we'll be able to to do the some is and cross some ts. you never know. president touring damage in the area. he will head to las vegas tomorrow. this is a role not scripted or down in the constitution, consoler, helper in chief. but that is role president of united states is doing. has had to do more of his fair share. more after this.
12:37 pm
"grandma! grandpa!" ♪ thanks mom. here we are. look, right up to here. principal. we can help you plan for that. if you'd have told me three years ago... that we'd be downloading in seconds, what used to take... minutes. that guests would compliment our wifi. that we could video conference... and do it like that. (snaps) if you'd have told me that i could afford... a gig-speed. a gig-speed network. it's like 20 times faster than what most people have. i'd of said... i'd of said you're dreaming. dreaming! definitely dreaming. then again, dreaming is how i got this far. now more businesses in more places can afford to dream gig. comcast, building america's largest gig-speed network. there's nothing more important than your health. so if you're on medicare or will be soon, you may want more than parts a and b here's why. medicare only covers about 80% of your part b medical expenses.
12:38 pm
the rest is up to you. you might want to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like any medicare supplement insurance plan, these help pick up some of what medicare doesn't pay. and, these plans let you choose any doctor or hospital that accepts medicare patients. you could stay with the doctor or specialist you trust... or go with someone new. you're not stuck in a network... because there aren't any. so don't wait. call now to request your free decision guide and find the aarp medicare supplement plan that works for you. there's a range to choose from, depending on your needs and your budget. rates are competitive. and they're the only plans of their kind endorsed by aarp. like any of these types of plans,
12:39 pm
they let you apply whenever you want. there's no enrollment window... no waiting to apply. so call now. remember, medicare supplement plans help cover some of what medicare doesn't pay. you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today.
12:40 pm
12:41 pm
tom, great job, great job. neil: all right, the president thanking his team, that joined him in the trip from washington to puerto rico, playing a lot of relief efforts, asking those leading relief efforts to say how well they're going. that is his want. criticism that the president has been more focused on that than helping people of puerto rico. that is the view of mayor of san juan, not everyone. the governor of puerto rico commended the president's efforts. he got a prime seat next to the president. she did not but was still there. erin, getting from a lot of viewers, forget by it being demeaning and self-serving for president seeking out praise from the room on his recovery and help efforts, i am the one being demeaning pointing it out but i thought it was weird. that is all i'm saying. >> neil, whether the relief efforts are going well or not going so well, what you don't do is declare victory in a crisis.
12:42 pm
any public relations professional will tell you that. whether it is going well or not, because, there are still people suffering. you wait until after. and i think the best example of that is president bush saying mission accomplished in iraq and he got absolutely demolished for that for years afterward. i think that was a big lesson, that you have to be careful about what you say. and he doesn't show empathy when what he is doing, going around the table, praising everyone and everyone praise him. you have to -- neil: even asking for some of those aides to give -- i understand. the media really doesn't, give him a fair shot at anything. very reluctant to commend how he handled florida, texas, all of that. a little slow to acknowledge, maybe not nearly as horrendous as stated in puerto rico as far as the u.s. commitment. there were legitimate and continue to be legitimate odds getting help there. having said that though, falls
12:43 pm
under the president's watch, falls on the president's responsibility fairly or not, i thought him seeking out compliments in venue where yards away folks are suffering without power, a lot of things, it didn't look right to me. your thoughts. >> no, optics are really bad. and, maybe the media hasn't been fair to him. maybe he is right about that but the bottom line is this, he doesn't make it easy for the media to be fair to him. just as soon he is starting to gain momentum, had a couple really great weeks after irma. neil: absolutely. >> what does he do? over the weekend he start as twitter storm against the mayor of san juan. why? neil: she started it. she started it. >> well you don't take the bait. you're president of the united states. the bottom line, now people will be more -- neil: what is the administration's view on that, started with mayor cruz saying nasty things about the slow rescue and recovery effort on part of the united states. they felt emboldened to tweet
12:44 pm
back, some of the things he said. i liken that, erin, maybe you can help with this punching down. he is leader of the free world. she is mayor of beleaguered city in puerto rico and leave it at that? >> that's right. i think such poor leadership is a really bad way to go after that. you know, you might not agree with her tactics, but what she was doing there, trying to draw attention to puerto rico and trying to get more help. maybe you don't like the method but it's a form of leadership to try to help your people by getting more attention around the world. neil: well, i'm not hearing that from viewers. one viewer, this hurt, neil, you are the one who is self-absorbed fat fool. i am not fat. that is the last time i'm going to do this but, lee, i always hear when you get stuff like that, those who look at this and try to see it in terms of politics i see it, are you getting help there or are you not? a lot of puerto ricans feel help isn't coming for whatever
12:45 pm
reason, this might be a different beast, the president is quite right, not easy as going there going to a state and neighbors from other states can help, i understand all of that, but do you get sidetracked on stuff like that? >> absolutely you get sidetracked on things like that. the bottom line is this, in times of crisis it is not time to play politics. people are asking for help. you rise to the occasion. you're president of the united states. you give resources. you reassure folks, and show things are getting done and path to success. you don't get involved in nitty-gritty tit-for-tat going after somebody. it simply does not resonate. it does not make sense. it will not help his numbers. sure his base will look, say he is doing everything he can. he has every right to be angry. he has every right to be frustrated. the problem is this. people in the middle are softening. those people giving him benefit of the doubt are continuing continually frustrating, things like what he was doing to rex tillerson. seeing things like mayor of san juan, saying i'm really
12:46 pm
nervous. the job of the leader reassure the nation, reassure the people, he is not doing that consistently overtime. >> neil, can i jump in one thing here. i know you have been all over tax cuts all year long. one of the comments president made in, that puerto rico will bust the budget. that mick mulvaney said that as well. maybe the right thing not to do cut taxes, i'm sorry that anathema to but infrastructure package is right way to go. neil: can we be-- guys? you got that in there. i did catch that by the way. lee, thank you very much. these comments are coming fast and furious. ed writes it is a pity you survived open heart surgery last year. he is regular fox viewer. meantime, did you see the hearings? i guess they're continuing conth the equifax ceo, wells fargo
12:47 pm
ceo. they're both getting grilled. former equifax ceo and present wells fargo ceo. a lot of it goes back to financial propriety, whether they were up to handling money and handling story. getting grilled by people who lost trillions over the years. again i want you to focus on oddity of that. not making excuses for these gentlemen. they are in a pickle and world of hurt because what they did and their banks did. comes to financial propriety, whether you do the right things to do as proprietor of said financial establishment or not. you're judged by people who don't even know the definition of the term. we'll have more after this. ♪ ♪ can i kick it?
12:48 pm
♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone when you're close to the people you love, does psoriasis ever get in the way of a touching moment? if you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. taltz is proven to give you a chance at completely clear skin. with taltz, up to 90% of patients had a significant improvement of their psoriasis plaques. in fact, 4 out of 10 even achieved completely clear skin. do not use if you are allergic to taltz. before starting you should be checked for tuberculosis. taltz may increase your risk of infections and lower your ability to fight them. tell your doctor if you are being treated for an infection or have symptoms. or if you have received a vaccine or plan to. inflammatory bowel disease can happen with taltz.
12:49 pm
12:52 pm
neil: welcome back, everybody. former equifax ceo richard smith facing a grilling on capitol hill. a panel wanting to know how more people were affected by this whole thing. what was scooped up on him, what wasn't. the numbers get bigger and bigger don't they, gerri willis? >> that's right, neil. retired equifax ceo richard smith really earning his pension today as members of the house energy and commerce committee, both democrats and republicans lit into him like a pinata. the big question how did equifax allow hackers into the private information of millions of americans. here is the chairman of the committee, republican greg walden and congressman joe barton, also a republican. >> how does this happen when so much is at stake? i don't think we can pass a law that, excuse me for saying this, but fixes stupid. i can't fix stupid. >> the only way i know to do it, is some, fine per account
12:53 pm
hacked, that is large enough that even a company that is worth $13 billion would rather protect the data and probably not collect as much data, than just come up here and have to appear to say we're sorry. >> pretty spicy. congressman ben luhan questioning the former ceo here. >> do you think consumers should have a pay a penalty for your mistake, potential identity theft, false credit accounts, fraught lent tax returns or i.d. theft. >> we take it seriously. i apologized to the american consumer. we offered a comprehensive seven set of products for free. >> will it make them whole, yes or no? >> hard for me to tell if someone has been harmed so i can't answer the question. >> the former ceo smith blamed human error and technology failure, i quote for the breach. equifax is considering clawbacks of smith's compensation according to "wall street journal" he was walking away with with
12:54 pm
$18 million. adding fuel to the fire, the company revealed 2.5 more million americans than previously thought had their information compromised. that brings total number of americans whose information was hacked to 145.5 million, from a 143 million. mr. cavuto. back to you. neil: thank you very much, miss willis. a hack like that can affect credit data going into hundreds of pages on individuals, on you. cybersecurity expert on you, what they manage to get on you, on us. what do you think, robert? what do they have? >> hi, neil. they have names, social security numbers, dates of birth. in some cases they have drivers license numbers and credit card information on some and that is all that a bad guy needs to open up new lines of credit under your name. additionally they could also commit medical identity theft,
12:55 pm
forms of criminal identity theft, even tax related identity theft. with various forms of social engineering they could take over existing financial accounts you own. neil: minimize today's hearing. none of that appears to be happening. that is the gist of it. but enough to clean that former ceo is convinced that none of this happen but how would know? >> you know what is sad about this, what makes me angry, they talk about how this is human error and, insufficient technology. that human error is fundamentally a lack of security appreciation. the people at the wheel, sleeping at the wheel, the ceo, the cso, the cio, sleeping at the wheel, they don't appreciate security. meaning that is their job and they're not doing their job. and so they retire with fat pensions. it shouldn't be like at that because the american public suffers as a result. neil: well-put. i'm sorry, robert, breaking
12:56 pm
news, for your input very much valued. robert ciciliano is on this. numbers were not quite so big before 145 millions affected by all this in the middle of all this dow racing to new highs. we're not that far from 23,000. up 69 points. major market averages are racing as well. record territory and then some. what is going on here? despite everything going on all around here, after this. infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp
1:00 pm
neil: hotels and casinos are beating up security, no big surprise, getting more details on the shooter, stephen paddock. >> reporter: a look inside the hotel room, this video stayed at the same suite at the mandalay bay hotel year prior. this is the room where paddock used a hammer to gun down hundreds of people but the big unanswered question in vegas is why, what was paddock's motive. officials continue to investigate and while they do that they are getting a better picture of who stephen paddock was. his brother called the shooter a wealthy guy, he made millions
1:01 pm
from real estate deals he liked to gamble, play video poker, moved around a lot, worked for a company that later became lockheed martin, confirming paddock's employment at the company and says they are working with authorities to offer information. the shooter's dad was on the top 10 most wanted list, the infamous bank robber, paddock's brother said stephen was a normal guy, like to eat doritos, doting son, investigators try to figure out what his motive was, they are beefing up security in the area. >> there is a concern, i am not sure how they come back from this, god willing they will come back from this. we will become airports, it is not going to be here. they will check bags, screening again.
1:02 pm
>> we saw security bonding people as they walk in checking bags with suitcases as people check in, drove by another casino neighboring the mandalay bay hotel, checked under the hood of the car and increased security measures. to prevent something like this happening again. neil: thank you very much. if we could get back to puerto rico, visiting some the survivors, maybe we will have some audio. >> in india the house was going to collapse? that sort of happened. good going. >> the president is here with the administrator. we will get back to it. >> the governor and your mayor have done a fantastic job.
1:03 pm
good luck with everything. >> the president is visiting san juan. interesting comments, your governor and your mayor have done a fantastic job, and the mayor in question, and to today's for him on the 8 efforts, commending efforts as well. we will continue monitoring this, the president said something. >> great looking family.
1:04 pm
nice to see you. >> mister president. >> how are you? >> your house is okay. >> a broken window and lost electricity. it went down. no electricity. >> how is irma compared? >> maria. >> how long have you been in the house? >> in his house? about 20 years. >> how long have you lived in puerto rico? >> we have come and gone for much of our lives. >> you always come back. >> you have never seen anything like this.
1:05 pm
1:06 pm
1:07 pm
said before is not etched out in the constitution, consoler, rebuilder in teach, he will play the role again tomorrow, in las vegas, human made disasters, natural disasters, the president is seen as the unified to bring the nation together after something like this, promising victims of hurricane maria after just getting hit with irma, one gentleman said his house was just banged up by irma, hit puerto rico hard but nothing like maria. there was a direct category 5 hit on an island that couldn't take it, and hurting infrastructurewise, the president noted that. and authorities on the ground including the governor and the mayor of san juan doing a great job. we were going to continue monitoring this, go back and forth when we get something from this, the president wanted to see a lot of that damage firsthand. he is getting an eyeful there.
1:08 pm
back to las vegas, former las vegas metropolitan police officer getting reports on a lot of casinos uping their security. one to vegas is famous for his advanced security if you are cheating at cards, upped it to check for far more worrisome things, do they do much good? >> if i was here after the trade center attack as well, when that happened, additional emphasis on security, started stopping cars going into the casino, going to park in hotels, looking and trunks kundera under the cars, that didn't last long and here's the reality. this is a tourist town. this is about convenience, this is about pleasure and i cannot see the we are going to wind up like an airport line going
1:09 pm
through luggage and magnetometers, i don't see that happening. that does not mean there will not be a concentrated effort on looking at every avenue to improve security, but unobtrusively, perhaps with additional surveillance, perhaps with other measures in place but this is at the core, a tourist town, people will not stand for similar issues they face when they traveled airports. >> they wouldn't welcome magnetometers being used all the time for their luggage when it comes in. another delay, lines can be very long when you check into a casino, they wouldn't welcome that. >> i doubt it. they might try it but here's one of the things i think is going to be looked at, the arming of their security personnel.
1:10 pm
they have massive security personnel in the casinos and the hotels but in the last 20 years most of them have been disarmed if you will. the corporate structures of many of these hotels would rather have a robbery take place where security people don't have the ability to shoot the suspects for other liability reasons. i think perhaps this might be re-examined in the case of this terrible destruction. neil: we had to pay more for that type of security. >> most of these security officers have experienced, many law enforcement, i know this, they would probably welcome the ability to protect themselves and their patrons. neil: thank you very much.
1:11 pm
lieutenant governor mike hutchison is with us. there is a lot of reassessing going on. you or anyone in your office, credit telegraph potential problems? >> no additional information beyond what the sheriff has released, this individual did not come up on any local candidate or federal databases we know about we give anybody a clue he was about to do anything like this. neil: you have been busy dealing with the aftermath, lot of people saying before security in casinos, magnetometers for luggage coming and. how do you feel about that? >> i can tell you i know most if not all the casino and hotel operators in las vegas their number one priority is always the safety of their guests and to make sure we take care of our friends and visitors in las
1:12 pm
vegas. i am sure they will be looking carefully as will we as a state but now we are continuing to take care of the victims. i spent most of the day in various hospitals around las vegas meeting with wonderful families who lost loved ones and grieving with those who have been wounded. we will do what nevada does best, take care of our visitors. neil: do you know whether all the victims of the attack, those killed, families or closest relatives have been notified? >> that is something i don't have a definitive answer on but i met with many families, many of whom had rushed to the hospitals and i will tell you this, i didn't see everybody but all those i saw in the hospital yesterday were accompanied by friends and families and loved ones helping them get through a
1:13 pm
tough situation. neil: a tough part of your job i am sure. another thing comes to mind, 500 who were injured, of that, a hard number to go by, 50 in critical condition at all the area hospitals. i don't know how reliable these figures are but do you have anything you can share with us on the status of those in area hospitals, how they are faring, how they are doing? >> it varies from hospital to hospital. for example we had sunrise hospital where we have incredible responses by our physicians and the team at sunrise treated 214 individuals. some of them didn't make it. there was absolutely like a battlefield is what i was told when i visited with doctors and surgeons and administrators and local hospitals where we have more heroic efforts by medical
1:14 pm
personnel, able to save a lot of individuals and we are grateful for them. neil: thank you very much, mark hutchison, the tenant governor of the beautiful state of nevada, have been proving it with long lines to provide blood for anyone and everyone who needs it, involve that area hospitals hoping to help everyone at those hospitals, how often do you see that? asking your political affiliation with you are conservative or liberal, republican or democrat, just want to do what humans do, help out, more after this. i'm val. the orange money retirement squirrel from voya. i represent the money you save for the future. who's he? he's the green money you can spend now. what's up? gonna pay some bills, maybe buy a new tennis racket. he's got a killer backhand. when it's time to get organized for retirement, it's time to get voya.
1:17 pm
from capital one. now, i'm earning unlimited 2% cash back on every purchase i make. everything. what's in your wallet? so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver.
1:18 pm
neil: donald trump in puerto rico moving around the outskirts of the greater san juan area with those who lost homes or had homes damaged, not only roughed up by burma but maria. we have foxbusiness network's charlie gasparino, market watcher jared leavy. t1 the president and the role he has to play, the alleged role in the constitution, counselor, consoler in chief, how is he doing? >> he was certainly roasted over the weekend. the san juan mayor, we understand what she was saying, didn't go over well in the white
1:19 pm
house, she has been living in a shelter, her own home was flooded out. you can disagree with her but you don't resort to personal name-calling, that was the issue with what has been going on. how is he doing now? now, it is extraordinary, the first lady, he is trying to say we are here to help. i am here to help, here to listen and i don't think it is good for the white house to backfill their potholes the blue over with prior missteps, just move it forward and don't talk about how great are we doing. neil: a lot of the problem is you end a punching down, going to the san juan mayor, she was never a fan of the president anyway, then this happened, you can argue to you are blue in the face that we have seen what happened, provide a great deal of money, haiti comes to mind,
1:20 pm
all valid points but is now the time to do that? >> probably not. this is where i have sympathy for trump, to rattle off some statistics, puerto rico is a semi-autonomous, 35 million people live there. they have 70 mayors in their government, 70 mayors. i can't tell you how many councilman and everybody else. they have a huge government sapping the productive will of their citizenship. they have issued 70 outstanding, $70 billion in debt and yet they have no infrastructure, very poor transportation infrastructure. this is a place no politician should be criticizing the united states. this is a corrupt government. not saying it is corrupt like the corruption that puts you in jail, it is the crony capitalism corrupt. neil: they are exasperated, want
1:21 pm
help. charles: why should a bunch of crony capitalists and corrupt politicians the critiquing donald trump isn't there? neil: i could extend that to the wells fargo hearings as well. i am wondering what comes of this? the help is there, the president of the united states was there, but again, the president's reference to the budget director and how this will mess up the budget might have been a recognition of the obvious, these are expenses for which we have not prepared. >> we haven't prepared for them. this has been 17 years in the making, that is how long puerto rico has been negative in their cash flow. it is hard to talk about, puerto ricans are proud people, wonderful place, i spent a lot
1:22 pm
of time there. charlie brought up some good points. this island has no natural resources. they import 85% of their food, they can't sustain on their own with help. either it will come in the form of emergency help and -- or it will come becoming a state. liz: puerto rico, there's massive corruption, didactic teaching, welfare state, 40% of the people in the labor force working versus 65%. washington dc got a special enterprise zone in the 90s under marion barry. maybe make it a tax haven again. not a full on manufacturing tax haven. neil: you are paying good money going after bad neil: how do you grow out of that? charles: yes. switzerland doesn't have a lot of natural resources either yet. switzerland is pretty stable. let's be clear. i understand. liz: being hit by hurricane --
1:23 pm
>> we have tried tax holidays for them, all sorts of payroll, the us municipal bond market before they went bankrupt or defaulted and are not bankrupt yet, can't declare bankruptcy. they become a state -- here's the thing. why would we want to import their corruption? charles: neil: what i find insulting is to threaten the united states in a forum like that almost seemed like a hostage tape, creating praise and attention to what he was doing. he's not getting a fair shake in the media on a lot of stuff and i understand the criticism from the san juan mayor for reasons that were pointed out. it was not the time to be focusing on whether he is doing enough but on whether the people, many of whom are yards away from him, relieving suffering enough.
1:24 pm
charles: how many times have we had this discussion regarding donald trump and how he has reacted to things? purely emotional, out of a sort of -- neil: one mayor in a town almost all the public officials -- it before he did great yesterday, people say he ran off little brother, don't care, he had presence, his reaction to the shooting was pretty amazing. he has what it takes to be a great leader, people this. neil: that self-congratulatory moment notwithstanding he did command the san juan mayor, did invite her, coupled her with talking about the governor and the leadership they are getting. it seems weird. liz: this is all the extra stuff. this is the bond vigilantes doing what congress should be doing. there are better deals coming their way because this is a corrupt economy, they need to
1:25 pm
1:28 pm
1:29 pm
neil: gave some disturbing development in its investigation into who and what was behind stephen paddock attack on hundreds of innocent victims two nights ago in las vegas. federal lab report officials from fox news investigators that paddock spent tens of thousands of dollars overseas. they think it could have something to do with his girlfriend. they are still investigating that, but they don't know. they think it was to the philippines, but there are no reports to that effect. other reports whether it's at the time of these payments are not. in short, we know he was buying a significant amount of money
1:30 pm
overseas. his brother acknowledging he did have a good deal of money. he made millions off of real estate so we are staying on top of that. this comes at 4:00 p.m. eastern news conference planned by the las vegas police. we might learn something, might not. we do know for the city of las vegas, which is one of the biggest in the world, it is a scary moment appeared reaction now from the city's most successful entertainer, and just by sheer longevity, las vegas legend wayne newton. very good to have you. thank you for coming. >> neil, i can barely hear you for some reason. having a little audio problem. neil: i apologize. how do you feel about all of this if you can still hear me. >> there we go. neil: how do you feel about all of this and everything that's gone down?
1:31 pm
gu, maybe wean fixhis. i assed i was ready and xable and we had it. obviously n. i do want to geyour attenti as the corner and through all of the various markets. we had this one about 73 points right now. a lot of it built on the belief underlying u.s. economy with all of the violence and disruption and division. it is not interrupting the buying going on here. again, one of those odd developments in the middle of all of this that's noteworthy. dr. wayne newton adjoins us in las vegas. i apologize for the audio problems. your thoughts on what is going on there and fears that they'll be leery. would you tell them? >> well, i am hoping and i believe the horrific incident that happened sunday night will not define what las vegas is in the people here.
1:32 pm
it is a terrible thing obviously without saying and our condolences go out to families in the injured ones and those who have been lost. but it will not define las vegas. i think that people realize that kind of thing really could and would have been anywhere in the world. neil: do think they showed up security efforts casinos and hotels there? some people even talked about using magnetometers for people that go into casinos and even shows like yours. what do you think? >> well, i think actually the matter is this is truly one of the safest cities in the world in so many of the police departments around the world even send their cadets here to study.
1:33 pm
i obviously think something can be learned from this comment that maybe certainly we can improve the way we do things. but this is truly one of the safest cities in the world to live in and be a part of. neil: you know, i don't know, outdoor events in question now whether it's safe to have outdoor events. this happens all the time, particularly in las vegas. how do you feel about them? >> well, i think obviously we cannot let fear run our entire life because that is not living. i think the community that stepped up and helped both medically or first responders, and all of the people that were helping now from around the world and most certainly the united states really showed what this town and this state is all
1:34 pm
about. as i said, something can be learned from this that possibly would lead to ways of improvement. i don't know what those would be at the moment. neil: there's a lot of talk about entertainers and singers that it's maybe time to rally in las vegas and elsewhere for the dems and their families. if that does come together, would you be interested in entertaining at a venue like that? >> absolutely. i do believe this town has proven when 9/11 happened, all the performers on the strip, in fact i headed up myself all the performers show up, do the show to raise money for the terrible thing that happened in new york
1:35 pm
and we will do that again here. it's just a matter of time to learn where is the most needed and where he can do the most good. neil: the president is visiting las vegas and puerto rico today. any advice when he comes to your fine city in who he should talk to, who you should visit, what do you recommend? >> welcome in the last thing i would ever do is give the president any kind of advice. i think he is a brilliant man and we're looking forward to him being here tomorrow and i think his coming here simply proves to the world and they are not something they can turn into what nevada and las vegas is.
1:36 pm
neil: i assume your own show is not interrupted. you continue to entertain people who rely on mad every time they come to vegas. you are a main draw appears that nothing has been pulled back on your part there. >> well, actually, caesar's palace where i work and the mgm both last night went dark in terms of entertainment it simply to show respect for those that have been injured and killed. so i am convinced that tonight we will get back to doing what it is we do and that is try and bring some happiness into people's lives. journey into and you do that very well. many, many decades. thank you so much at this time. >> thank you, neil. nice to talk to you. neil: a little more after this.
1:38 pm
parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision guide. it could help you find the
1:39 pm
aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts medicare patients. rates are competitive, and they're the only plans of their kind endorsed by aarp. remember - these plans let you apply all year round. so call today. because now's the perfect time to learn more. go long.
1:41 pm
neil: all right, you look at the dow. and competitive territory yet again. amid all of this turmoil, a guy who knows a little bit about ducking back to look at the big picture might be able to explain this. ben stein has written another beauty on just the magic of investing in sticking to it over the many, many years. the capitalist code, author ben stein. good to have you. what do you make of that? normally you would think in terms of a terror attack or by one lone nut that at the very least, markets would be rattled. not so. what do you think? >> well, markets have to do with interest rates in the amount of money being earned in corporate profits and a psychopathic nut villain evil person has nothing to do with that whatsoever. it's incredibly unbelievably sad how many people died or were injured, how many families are broken up and tortured by this. but it does do corporate
1:42 pm
earnings that has nothing to do with dividend, earnings before interest rates or returns on comparable investments. the fact is in those areas the economy is doing very, very well as is usually, but not always true, stocks are very good place to be. it allows the average person to be a business owner. you don't have to just be a painter or a cab driver or teacher or a lawyer. you can be a business owner and that is a wonderful, wonderful place to be because you have income coming in whether you are working or not and that is what you want. neil: if there's been a nice this would react differently. i 9/11 type attack. >> i don't think so. no, i don't think so. i don't think so. i think it all has to do with corporate earnings. this is a gigantic country.
1:43 pm
350 million people, roughly, very, very roughly $20 trillion gdp. this is an attack, which is a terrible, terrible human tragedy, unbelievably unspeakably terrible, but in terms of the overall economy and overall earnings, it is absolutely nothing to do with it what the weather. nothing. it's a big, big world out there were corporations are concerned. you can buy into it as a small business owner or medium-sized business owner and these terrorist attacks don't really affect them. obviously, there is one with a nuclear weapon, dr. bidwill effect the planning, but that hasn't happened yet or even close to happen. neil: nothing like 9/11 and the environment is better. but you are a big believer in reaction notwithstanding the power of time. you are not a market timer per se to someone who would advice to stick with it and follow through with it. a lot of individual stock pictures out there very, very
1:44 pm
lightly, who say that you are limiting the return they could otherwise get. you say what? >> i say even the most brilliant analyst, even the most brilliant stock pickers, the most highly paid stock pickers investment banks don't beat the indexes. you just have to stay with the index. it is very, very inexpensive to get in on it and it allows you to do the best of all things be the equivalent of someone who's inherited a business from his father, grandfather. neil: to go in to invest in what this buffett was doing. warren buffett praises your vote. but you know, if you did that rather than a regular index, you would be much more reworded, right? >> well, warren buffett is a one in a billion. you are just going to find
1:45 pm
anymore. >> people like that similarly. >> peter lynch was an indexer. none of these people and even passé. and even buffett now says if it were up to him, he would just be buying the indexes at this point. he praised her book. i don't believe the praise is genuine. >> he has praised me in many ways. i love him a lot. neil: so when you say that, but what they hear in your 40s and 50s, now what do you do? >> start doing it right away. i got a letter from a very famous journalist who said it's too late at 73 to start doing it. i said it's never too late. better to start -- just get in on it. get in on the fact you can become a businessman, a
1:46 pm
successful businessman by by in little pieces of the most successful businesses in the world and he does do that by buying indexes. i know you and i have some friends on one of your other fantastic shows to knock me and belittle me and make fun of me. neil: you had your isp closed. here is what i want to say. when you hear cases of financial propriety, i know a few between, but what is going on capitol hill on the equifax thing and the wells fargo bank and a lot of people say it's a rigged system. these guys are rigging the system and this is just what's going on and they talk about the meltdown and all this other stuff. and the little guy gets screwed. >> over long periods of time, does incredibly well, does as he deserves to be, which is being
1:47 pm
patient. but this is a get rich investing in stocks, but only if you're very patient. be patient, yes you'll have some bad apples. i spent a very large part of my life covering the junk bond so i can tell you there's some very bad apples in there. i can also tell you over long periods of time holding the index for dear life and passing it on to your children and grandchildren. >> much of iraq has come from stocks or real estate. where is that mostly come from? >> i would say moderately well-to-do. neil: you have the gdp of the country. >> no i don't. you say that to me all the time. you're making fun of me. neil: i think it's a lot of real estate. >> you are making fun of me. neil: no i'm not. i find your avoiding my question. >> well, i've done a little bit
1:48 pm
well. neil: okay, you're blocking the ability to do and we can show. ben stein, terrific, terrific human being. we will have a lot more right after this. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone i even accept i have a higher risk of stroke as far as i used to. due to afib, a type of irregular heartbeat not caused by a heart valve problem. but no matter where i ride, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding
1:49 pm
than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily... ...and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedures. i'm still going for my best. and for eliquis. ask your doctor about eliquis. ♪
1:52 pm
neil: as if facebook and google don't have enough on their hands now admitting the company promoted iornftion about the shooter. deirdre bolton with details on that. >> we rely so much on his companies for information, especially facebook to check in. unfortunately, as we were discussing, every single tragedy allows this check in and we've all been able to test it so much in these past few years. note that these companies, the algorithms are taking over and not in the best way. so google's top story was running essentially a message board, high placed another message board so essentially news that was not exactly that it are run by professionals where people think of us. our fox team is amazing. they were getting reports from hospitals. none of them initially was getting placed in a way where users would see that first. there were more opinions order conspiracy theories.
1:53 pm
neil: what a passive reader just assume this is news or would you know that sometimes it screams opinion. >> the criticism of both of these companies, facebook and google is in those first few hours where there are a lot of details still coming in that neither of these companies really succeeded in giving people an up-to-date story, even if there were some facts this is all we have. we will get back to you with more. neil: the facts are wrong. >> they are wrong and are misleading or came from extremely odd sources. one i actually saw the screenshot that i took. facebook actually had some users clicking through information that came through sputnik, which is a russian-based news outlet, which is inherently is under investigation by the u.s. department of justice for other reasons. facebook and google came out into the sin, we are doing the best we can. these were the first few hours it is news sources are placed higher than what they are sorry
1:54 pm
not work. we all now and are doing our best to collect it. we know we need to build better ones, but it just highlighting how perhaps these companies had even gotten too big and none will be even for their ceos. your magazine had a great piece out about mark zuckerberg today and the title is does mark zuckerberg even know? neil: your own algorithms are turning on you. >> we no mark zuckerberg does point to higher i think 1000 humans to be working. even 1000 employees when you have 2 billion users can a thousand people be added and. >> everything you see here might not be accurate. when they get your thoughts on the former equifax ceo getting grilled on capitol hill and now admitting to .5 million more have their records compromised.
1:55 pm
145 million then some americans. >> at the lot. 40% of our population and a lot of people didn't even want to be customers. these companies were built to serve credit card companies. they were built to serve banks. it's not as if we've said we want to be a customer. they have our data anyway. the magic soundbite was 225 executives had no idea. they did not catch a flop and the human flaw was followed by technology flaws, plural. i did hear the former ceo, richard smith said he does not believe insider-trading took place. that's another story line to equifax. we had the cfo in two presidents. >> people go to jail for that kind of stuff. $2 million worth of stock. those are men of high integrity. we will see what happens. in d.c. again two more days.
1:56 pm
1:57 pm
. . . . ♪ traders -- they're always looking for advantages. the smart ones look to fidelity to find them. we give you research and data-visualization tools to help identify potential opportunities. so, you can do it this way... or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account today. ♪
1:58 pm
open an account today. hi, i'm the internet! you know what's dtj! get a job!ting... hi, guys. i'm back. time to slay! heals, heals, heals! yes! youuuu! no, i have a long time girlfriend. mom! i need my macaroni!!! you know what's easy? building your website with godaddy. pick a domain name. choose a design. you can build a website in under an hour. yeah! whoo! yes! get your domain today and get a free trial of gocentral. build a better website in under an hour.
1:59 pm
2:00 pm
will be doing that. we're getting an update on hospital holding patients, sunrise hospital, half of them in critical condition. market is continuing to move northward. trish to you. trish: breaking right now, fbi and las vegas police finding new clues that will help them determine that caused a 64-year-old man with no criminal record, no money problems or to do this, kill 59 people, wound 527 others at a packed las vegas convert some 36 hours ago. happening in right now in the part rico, the president and first lady meeting with hurricane maria victims and asassessing the damage. i'm trish regan. welcome to "the intelligence report." this
88 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on