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tv   Cavuto on Business  FOX Business  January 7, 2018 2:30am-3:00am EST

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that cyber paranoid is good for hacked etf on cybersecurity stocks up 20% in a year. dagen: john help me? >> you can figure out what the heck he says every week. dagen: and feed >> cheeseburger. dagen: neil now. >> we don't like to see our money going to countries that burn our flag. we ought to quit sending good money after bad and what i discussed with the president is i have an idea for using some of that money here at home. we've got bridges and roads that need repair. we don't we keep that money at home and let's put it into rebuilding our infrastructure here at home. neil: you want to keep burning our flag republican senator rand paul says go ahead we'll take your aid and spend it here. is that right or wrong welcome everybody. glad to have you i'm neil cavuto to charles payne and charlie gasparino, kennedy along with ben stein and adam lashinsky. charles, to you first. thanks for sitting in for me, whatever. >> [laughter] neil: now this whole thing, it's
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closing it up we're questioning not only the pakistan but maybe foreign aid in general particularly in that neck of the woods a lot of people say the president is getting into tricky territory, here what do you think? charles: this is a eureka moment , right? should we fund people that hiatus that befriend our enemies or harbor enemies and this is on american soil. >> yeah. charles: we should consider it. neil: that's what we've been doing for a long time. charles: put it to americans who need it. i think it's a great idea whose time is long overdue. i think its come about time. neil: we give pakistan billions over the years? >> $7 billion in last 13 years. neil: what do you think? >> i'm completely with rand paul it's a very libertarian idea. i think we should be reexamining the foreign direct investment we have all over the world. i mean i think we should be closing a lot of these military bases and we should be questioning some of the wars that we're still in and the trillions of dollars we've put into the middle east that has gotten us pretty close to into ing. neil: my question was really about pakistan.
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>> pakistan is the anchor holding the middle east together including afghanistan and that's a war we've been fighting for 15 years. neil: you seem a little sensitive. >> i'm a little sensitive. neil: ben stein what do you make of this back and forth about foreign aid always out there, rand paul says good idea to take some of it start using it on people here. ben: i think we spend that money on foreign aid in order to help the united states of america and i think we fight those wars on foreign soil to keep those people occupied so they pes re not fighting and bombing us here. i think the idea of saying we should close military bases that are used to protect the united states just makes no sense at all. we have plenty of money we can spend it to defend ourselves and if those bases happen to be in countries not particularly friendly to us then all the better for us so we have bases close to places potentially dangerous so it's the idea of cutting back on military aid and military forces overseas this makes no sense, just brings the enemy closerment. >> they are here. >> maybe here more.
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ben: many more would be here. neil: but how did it get to the point where so much money is going. >> well how much is it i looked it up and did a quick google. charles: more on that. it depends. >> okay i did a quick google so -- neil: you did research? charles: [laughter] >> i'm kidding. take it and it's prepared for your show. >> [laughter] >> no but let's be real clear it's a drop in the bucket compared to federal expenditures for all sorts of welfare and everything else. >> but that too. >> and i agree here is what you're missing this money is essentially bribery. we do have access to certain levels of government in pakistan we do have access to places where we give this money which is a drop in the bucket and it does help us geopolitically. make no mistake. neil: we aren't getting much out of this. >> we're buying rent in pakistan ben: we don't know what we're
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getting. neil: adam what do you think adam? adam: well, i agree essentially with charlie and with ben. i think -- neil: i am so out of here. >> [laughter] adam: it is, well it's childish to just say we're not going to spend miss money any more because you're being mean to us. we have goals and one of our -- neil: but harboring people who kill us is more than being mean to us. >> harboring bin laden. adam: i know, but -- ben: we don't know what would happen if we didn't. neil: adam sorry we're jumping on you. adam: i think it would be very dangerous for us to just say okay do you know what? we don't like this role of being a global any more because we're just not going to do it any more we do. i mean it's reasonable we do need to spend money on things at home. that's true but if we take this step, there's no going back easily losing our influence that we have right now. charles: you know it's just a shame. it's not being childish adam. it's being reasonable. it's being smart.
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we have people in this country who are freezing at this very moment. they have no heat at home. okay how about growing our economy and by the way it's not a drop in the bucket. a billion here, another billion there, every week you come on the show saying we should raise taxes so how wealthy are we? how wealthy is america? ben: but we do have to raise taxes. charles: i just don't get the notion of this kind of money the return on investment a term we all understand very well on this show just doesn't seem like it. >> and if we are so rich than why are we $20 trillion in debt? if we are so rich if we have so much money why are we borrowing money to fund our entitlements and our defense. ben: kennedy that's not foreign aid. >> then if we don't have that kind of money we have to borrow it from the chinese? we shouldn't be loaning it to everyone else. kennedy. kill all the foreign aid and guess what? the deficit won't change that much i guarantee it.
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neil: ben she does raise a very good point about how far is far. you can make the argument is it a drop in the bucket but to charles payne's point you add them up it's a lot of drops in a bucket and we don't do it because it's the way its always been done and we extract favors and god knows what things would be like if we didn't do it, but is it time and is it so out land ish for this president to step back and say wait a minute i'm going to redefine what it takes to have constructive foreign aid versus destructive aid. ben: ice o raisism has been a catastrophe for the united states every time we've tried it it is a drop in the bucket compared to the federal money. neil: but how is giving $30 million towards pakistan a step towards isolationism? ben: because pack pakistan although they're not nice people it's better than having them as enemies. >> it is bribery. if that's all you're doing in that part of the world. ben: bribery is not a bad thing.
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charles: the problem though is it's not working. neil: go ahead adam. adam: first of all, bribery is one word, hush money, influence money walking around money call it any of those things. the homeland has been largely secured for a very long time under this order. the way we've been doing things. neil i think it is a good idea to say are we doing it correctly i think the president is appropriate to say let's look at how we're spending it. i think generally we're spending it well and we should keep that. >> how do we know it's not working. we don't know what the alternative would be. usually ben is right . historically, isolationism has been a horrible thing. neil: charles payne is not saying that. >> one thing to look at the balance sheet and say okay we give them and let's talk to them to try to get a better deal. it's another thing to say let's pull our money out of there. neil: i don't think you listened to charles. charles: pakistan is taking the money and they've done everything they can to not help us.
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i mean -- >> are you sure about that? charles: i'm sure. charles: if pakistan was there. >> absolutely 100% true. pakistan is the key to it. we've not figured out what we're doing in afghanistan and the war has been going on too long by ben's rationale, we would be with iran at this point if we wanted to have greater influence in the region. ben: kennedy that's not going to end the war it's like saying we should give up the war against germany. >> if we leave afghanistan? >> by the way suppose pakistan was our enemy. they are not. not saying they're great people. ben: they're not at all. neil: well, all i know is it started around 230-240 million it's up now to close to a billion, 900 million i'd still argue we got a lot further to go >> that's a drop in the bucket for warren buffet. >> when people are building schools and bridges in this country as opposed to other countries this is what they're talking about. ben: we could do both.
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no reason. >> we could do both we wouldn't be $20 trillion in debt. neil: i wish we had more time unfortunately we do not and i think you save time by talking over one another which i think is a good goal. by the way you should try it. charles: [laughter] neil: meanwhile forget sanctuary cities now illegal immigrants have their first sanctuary state and the acting ice director ain't too happy about it. >> california bert hold on tight they're about to see a lot more special agents a lot more deportation officers in the state of california. if the politicians in california don't want to protect their communities then ice will. >> today on forbes on fox as iran continues cracking down on anti-government protesters the u.s. is cracking down on iran with new sanctions over its ballistic missile program. this is more proof the iran nuclear deal is not working. plus, new york governor cuomo says his state is suing over the federal tax cut law that's a new report showing americans are fleeing high tax states like his, so should he forget about suing and focus on
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cavuto on business. >> we got to work with the department of justice and needs to do a couple things number one they need to file charges against the sanctuary cities and number two hold back through funding and another thing they need to do is hold these politicians personally accountable. i mean, more citizens are going to die because these policies and these politicians can't make these decisions and be held unaccountable for people dying. i mean, we need to hold these politicians accountable for their actions. neil: all right, not a very happy acting ice director that interview that create created some buzz because he does not like what he's seen in california where they e essentially made the entire state a sanctuary state and says it sends a bad signal and makes it tougher for him to do his job and catch the bad guys. ben what do you think? ben: i think that this is essentially a rebellion by the state of california and very
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much like the beginning of civil war except the state of california firing on fort sumter we have these legal challenges by california saying we can over ride the constitution of the united states and declare ourselves basically a sovreign country independent of what the constitution says about who controls immigration. i think it is very very close to the beginning of a civil war. i hope it's not, just with litigation but something close to a civil war. neil: adam what do you think? adam: i think this is far more of a political situation and while the acting ice director is 100% right in everything that he said he's within his rights to do what he suggested he do, the administration ought to think twice about being so antagonistic to the largest, to the richest to the post populous state in the union. this is a political conversation that needs to happen between washington and california. neil: charles? charles: i do think it's funny you don't think pakistan should think twice but california should think twice, but having said that, you know i'm
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generally a space rights person but i think there's things like the civil rights issues in the 1960s where the federal government has to step in and this is enough of an issue where people's safety and economics play such a role that i just think it's wrong. neil: but what specifically is wrong? charles: the sanctuary cities and the economic strain even no matter how rich california is and also the safety issues i think override the state's rights they presume to have here neil: all right, so charlie gasparino then, the acting ice director wants to follow -- >> scary guy. neil: oh, yeah you don't want to mess with him. >> there's a few people i would not mess with. neil: but now he comes in and he wants to get into california city or town where they're harboring a fugitive and suspect illegal alien and that opens up a pandora's box and would like to sue and take action but he can't because the state is protecting those illegals. it's a real, you know legal limbo. i think charles is right and it's a subject we've talked
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about on the show in the past. there's certain things the federal government is supposed to do. protecting our borders keeping criminals out of the country is one of them and you know, for a state to sort of disa vow that, that right is a cans kin had to we're going to get a ton of nasty comments, media matters but it's almost like george wallace standing in front of the door of the school. ben: exactly. neil: and that's kind of what you like en it to. kennedy what do you think of that? >> i think that i agree with adam in that this is so incredibly politicized that it's no longer about practical policy or irrational thinking. neil: but does the state have a legal right to protect illegals? >> the federal government has to craft its own immigration policy i think our federal government has failed and both parties have failed. neil: taking over that responsibility and the federal government wants to crack down on it. >> there's so much confusion that the federal government has allowed states to politically profit off of that and that's exactly what they're doing.
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the federal government has to get together and they have to say that this is our rulebook these are the rules this is what's happening from now on. they haven't been doing that. neil: so let's say it's a national guard like it was during the racial riot comes into i don't know san francisco and you have a standoff. ben: arrest jerry brown. arrest jerry brown. neil: is that a possibility? charles payne? charles: you'd hope i would hope that maybe they bo work this up to the supreme court and get it adjudicated with that. >> you withhold aid but ben is a lawyer. explain it. does the state have a right to impose -- ben: of course not. of course not. under the constitution, this is clearly a federal responsibility and i don't think that extremely scary looking man -- >> [laughter] ben: and sacramento and arresting jerry brown and putting him in leg irons. >> i'd like to see that for very different reasons. neil: well look at that. we'll see in the meantime president trump is taking to kim
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jong-un over twitter and now mainstream media is taking the president ongoing so far as to question the guy's sanity and don't get me started on the nuclear button thing, after this building a website in under an hour is easy with gocentral... ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour, and you can too. build a better website - in under an hour. with gocentral from godaddy.
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>> companies need medicated and hospitalized at this point or he is going to just kill all of us. >> this is dangerous this is childish this is unpresidential. it's not befitting to the leader of the free world. he's not merely being cavalier with a threat about nuclear war. he's being cavalier in a way that makes him seem de meanted. neil: and we were not talking about gasparino. >> [laughter] neil: critics going nuclear over the president's nuclear button tweet but suggesting he be hospitalized kennedy come on. no, joy heart is just trying to get a little bit of attention bless her heart. oh, sweetness she's trying to breakthrough the static and she's done it because we're talking about her that that has with the help of this michael wolff become book becomes a new narrative that the president is mentally incapacitated he has to be removed from office. neil: ben? ben: shocking irresponsible, slander, insane on the part of the people calling it the idea of the women on the view calling donald trump insane is just so
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crazy i can't even stand it. trump is a wacky guy. he's a strange, funny guy but the idea of calling him insane just doesn't make any sense. this is a man whose been wildly successful in business and politics the idea to think he's mentally incapacitated just makes no sense at all. neil: adam i think what prompted the nuclear button comment which just seemed to say it's one thing for the leader of north korea to talk that way another thing for the president to talk that way, you say? adam: i totally agree with that. i think people who are not psychiatrists should stay away from making psychiatric pronouncements but i think our president should behave in a far more dignified way. neil: by the way i don't psychiatrists should do it either without visiting said patient. adam: that's correct. ben: absolutely right. neil: gasparino? >> no psychiatrist would do it. so that's why this is outrageous but the president has somewhat responsibility here. he says crazy stuff. i mean, i'm not saying he's crazy he says it and he should
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stop. he should stop. neil: charles payne what do you think? charles: i think the critics are getting too personal and i think it's creating a dangerous situation for everybody. neil: kennedy does he push his own buttons though doing it? >> absolutely and the point was made the other day that he actually had a good tweet earlier on when he talked about the sanctions working well against north korea but then he responded kim jong-un in sort of undercut his initial message which was more in line with nikki haley and rex tillerson. neil: which is what you are. >> what did he call steve bannon now he doesn't like him? sloppy steve. neil: well i want to thank you charlie, kennedy very very much in the meantime it's the energizer market really just keeps going and going. topping 25,000, could get 30,000 how does this go and what do you invest into keep it going (dramatic music)
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significantly higher. neil: what do you think of that, adam. >> a company that i've covered ap very expensive, be careful. igf, an infrastructure fund. this is all upside if congress can do anything on infrastructure, these stocks will start to benefit. neil: ben? >> i like the spdr's, you don't have to worry when to sell them. keep them forever and the picks of my friends here, you have to know when to sell them. with mine you don't have to know when it sell them. you never sell them. neil: if you bought an spdr at these levels, do you worry you could be buying high here? >> yes, i would be worried to go down, and expected to go down, but i think over long periods of time you've got very young people on the show, much younger than i am. over their lifetimes, they will go up a great deal. neil: what's long-term to you. >> long-term to me is until
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dinner time. [laughter] >> all right. i've got that. >> you asked, neil. neil: i asked. guys, happy new year to all of you, david continues our cost of freedom block. you're watching business, you're watching fox. david: iranian hardliners are holding rallies of their own and the trump administration is saying that it's proof that the obama deal was flawed. i'm david asman and let's focus with more with steve forbes, sabrina schaeffer, john tamny and capri. next friday is the deadline to certify or decertify iranian compliance with the deal? should we decertify the deal? >> yes, it's the biggest

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