tv Cavuto Coast to Coast FOX Business March 18, 2019 12:00pm-2:00pm EDT
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>> the federal reserve should get another warning. prosperity is not bad. prosperity does not cause inflation. charles: looks like jay powell found that out. i think he got religion. neil cavuto. take it away. neil: it would be funny out if he comes out with a report saying everything looks horrible, i don't know what i was thinking. we'll follow that closely. the president meeting with top economic advisors at the white house. what he has to say curious developments today with the market generally not doing a whole heck of a lot. s&p and nasdaq raising back to levels we're at five months ago, the fact of the matter oil is in and out of highs for the year, yet the two and five-year notes and 10-year notes by extension are the lowest levels we've seen through this year. so you've got all these crazy anomalies going on. a bond market seems to be reading slow down. stock market is okay with prospect no hikes by the federal
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reserve as a result. maybe cuts down the road. that might be a leap. then you have the rumors this week we get the mueller report out. we bet rumors about a trade deal whether it comes to fruition or not. it could be delayed. a meeting on part of the president of the united states and his chinese counterpart looked like it would happen at the end of this month, might not happen until the summer. add that to the mix, markets doing what they're doing. get a read with susan li, all over the place, working every day of the week. clear set advisors, jim awad. "wall street journal" associate editor, john bussey. susan begin with you, end with you, on this weird thing i noticed where bonds are strong, yields coming down, stocks certainly holding their own. oil racing to 59 or better a barrel. so you could sigh that is weird
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confluence of events. >> we were talking about that on the floor of new york stock exchange friday. yield on treasury note dipped below 2.60 again. that is not a positive bull market type of number we're looking at. yet you look at stock market, we're a few hundred points, 1000 points from record highs once again. there is this push-pull dynamic. is it the bond market or the stock market? consensus is there is still a lot of money at play on the sidelines. that is trying to find some sort of yield environment when it comes to equities. how long it will last? that depends whether or not a, we get the trade deal through. b, i would say the federal reserve stays on hold. c, companies have to continue making money in 2019. neil: john, it is interesting we got a flash of meeting between the president and the chinese leader would be put off until maybe june. i thought the markets would sell on that.
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they shrugged their shoulders. >> they're awaiting data. the markets are awaiting data on mueller, the fed, the china trade deal. putting the meeting between the president and xi xinping off, suggests also that the talks are still underway way, sticky and difficult. maybe that is not a bad thing. whoever thought in three months they would be able to address these very complicated issues over the three decades they had not been able to resolve? the fact this continues and the discussion continues about things like enforcement. how can we, the united states, get you, china, to actually enforce the things we agree to, have some verifiable confidence in what is happening. those are all good discussions points. the markets may be thinking this is all fairly positive and china is a little bit on the ropes here because its economy is slowing down. they're talking not about significant stimulus, tax cuts and spending programs to keep
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the economy vital. maybe that that is a good time r negotiations to get tough? neil: interesting too, jim awad, i don't know if you follow what other firms are saying but goldman says the boost from the tax cut is already behind news yeah. neil: credit suisse says it seize the s&p ending the year up 20? >> interesting the s&p analysis lowered the earnings for the year and basically said they were upping the p-e ratio because of the fed staying in place. neil: price earnings multiple changes a little bit in that environment to make it a little more affordable? >> they're basically saying market is selling 16 1/2 times their estimate with this year's earnings but with mr. interest rates where they are they think the p-e ratio should go up to 20. i don't think credit suisse and bold man are making very different economic calls. i think they differ on is the valuation of the market.
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neil: the goldman point oomph thing out of the tax cut is is done? >> i agree with that. i think first-quarter earnings and second quarter outlook. estimates for the first quarter have come way down. they're very modest and the bar is very low. if companies report earnings that are good enough and forward-looking guidance that allows earnings estimates to start to increase defend, then i think you can make new highs in the markets. >> why do they always do that? why do companies set the bar so low it makes it so much easier to -- neil: i built a career on it. >> i think wall street did that. i think the december shock was so dramatic, and so sudden and so, froze everybody. i think that resulted in a huge reduction in earnings, sort of self-preservation. now you sort of see the economy, the first quarter is not going to be great. earnings likely to be down. economy grows half a percent or a percent.
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if companies deliver commentary that says we'll reaccelerate earnings 2% plus rest of the year and growth -- neil: president is tweeting right now. the gdp growth during the four quarters of 2018 was the fastest since 2005. the administration is the first on record to have experienced economic growth that meets or exceeds its own forecast in each of its first two years in office. growth is beating market expectations. john? >> i don't know. that is the president tweeting. i'm not sure how much the markets will be paying attention to that. they're paying attention to what you started off the segment looks like the fed will hold back. there may not another rate increase this year. who knows if things got really tight they have room to cut. that is real conjecture. neil: not a lot of room. >> at the same time interest rates are economy appears to be fine. so, we may be in the sweet spot
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where interest rates remain low, economy is fine. maybe some indicators drop. maybe this was anomaly this last jobs report. neil: talking about growth beating everyone else back to fillmore as president. i -- >> all of us will chase that. neil: isn't the quarter we're in expected to be really meager growth? >> yes, absolutely. trump talks his book. neil: that would show his own words were wrong? >> no, what he is saying historically. grew at 2.9 last year. neil: over 1% growth. that is not, would be on market expectation. >> he is forecasting 3% growth. his budget assumes 3% growth this year. neil: even with 1% growth -- >> he is only one who has that forecast. other people are materially below that but still 2% plus which is enough. neil: you're always a gentleman. >> couple years into this guy we
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understand that modus operandi. neil: people usually call that fake news but you did not. susan, separately on the gm story, president says mary barra think about the plant you want to close in ohio, don't wait until the fall or december to talk it over with the union. no response yet from her but what do you make of it? >> do you think this is more of a political dialogue or is it business related? because, 14,000 restructuring those job losses that gm announced just end of last year, gm they say they will redistribute the jobs. we'll see where they actually go. gm is benefiting from talk of more import tariffs from autos outside the u.s. that hurts competitors around the world. japanese carmakers and german carmakers as well. i would say gm is benefiting from this. they made $8 billion in profit. if they're selling 3 million vehicles here in the u.s. and
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17 million environment. neil: selling into that market, right? >> selling into that market -- neil: asia period? >> they're not. china has been very difficult for them. that is something they put a lot of investment into. so i think the u.s. is where they want to play. neil: what you do you think, john? >> i think another instance where the white house is meddling in business. it is difficult. what do you do when you're a ceo. you're under business onslaught from the white house? you stick by your guns. you have to be answerable to the shareholders, directors and employees. neil: employment in the u.s. is up with the administration. you ought to run with that. >> you have to move capital where you think the capital will give you the best return. that is what mary barra -- neil: he is concerned about ohio, his neck of the woods where his poll numbers. >> as any politician would. neil: absolutely. jim awad, when you talk to the clients these days, market runup
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in the s&p and nasdaq going back to last fall levels, the dow not too far behind what do you tell them? they might get giddy, i get more aggressive? >> i don't think you get more aggressive at this point. time to be realistic, rebalance to the objectives. you're up 12% so far this year. even the best case, credit suisse bold case has you only up five or 6% rest of the year. neil: near 20%, that is actually more than halfway there now. >> you have to set realistic expectations for your clients f profits grow three, four, 5%, that is sort of the return you should get in in equities and couple percent in fixed income. if you stick with high walt bonds, high quality stocks and you likely have up year in modest proportions. neil: thank you very much the dow is not part of that parade as you might imagine. the big reason why is boeing. the gift was while it was running up. after the crash with ethiopia
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hours and on that beto o'rourke is record holder. deirdre bolton with more on that phenomenon. reporter: neil, in the race for dollars it is clearly beto versus bernie. talking about beto o'rourke's campaign announcing he raised $6.1 million online if the first 24 hours on campaign, that is the highest first-day number reported by any candidate. if the spokesperson is adding up everything correctly, he says the money came in without a dime or political action committees, corporations or special interests. so as a comparison point vermont senator bernie sanders raised slightly less in his first 24 hours with $5.9 million. most agree sanders though will set the pace for 2020 grassroots donations. took in more than $10 million in the first week and mostly from small donors. the neck strongest purses and their respective launches are
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basically within a range, one-to-one 1/2 million dollars. california senator kamala harris and minnesota senator amy klobuchar. they are around million, million 1/2 for first 24 hours of their campaign. two governors in the race, slightly lower. washington governor jay inslee, he had $3 million and former governor of colorado, john hickenlooper raised a million in 48 hours. senator elizabeth warren is hard to compare apples to apples, if you go by the numbers, she had slowest out of the gate, 300 to you dollars, that she was considering running. chris, kirsten gillibrand entered the race on sunday.
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joe biden said i have most progressives. president trump weighing in via twitter, joe biden got tongue-tied over the weekend when he was not able to properly deliver a very simple line about his decision to run for president. get used to it. another low i.q. individual. neil? back to you. neil: onward we go. deirdre, thank you very, very much. another way to put that money in perspective from beto o'rourke, it is about a quarter of what barack obama raised throughout all of 2007. so you can see increasing pressure on candidates to raise money and fast. the reason why those figures are totaled so quickly they're largely in small denominations, 25, 50, 75, 100 bucks at a time and that generally attracts big money down the road. that is the logic behind it. that certainly was the case with
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barack obama. later he was off to the races and off to the democratic nomination in 2018 and the presidency. to the "washington examiner" siraj and former clinton campaign finance team member blake rutherford. blake, thinking of this money-raising skill, you could argue so many candidates raising so much money would be less inclined to drop out after race if you're well-financed. what do you think? >> i think that is exactly right, neil. certainly these candidates entered the race early. they raised a bunch of money. that will keep them in this thing for a while. as you know in politics money is sort of one early indicator of momentum, especially when we're still many months away from iowa and new hampshire. there is really not a way norfolks to understand how to separate such a large field unless there is money. polling will tell as you little bit as these debates happen but in the interim it is really all about the money. neil: you know money can make a
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lot of things right. doesn't always make everything right. i was thinking money certainly helped barack obama, while early small denomination funding propelled the sanders campaign against hillary clinton, it wasn't the mother's milk of politics that phil gramm bragged about running and he raised more money than any in the field got a single delegate for it. lesson learned, money properly spent, a candidate that doesn't rev up the base is very different matter, right? >> yeah. the big question here, neil, no pun intended do all the dollars make sense? with beto o'rourke there is not whole lot of sense to it considering he did not win a statewide election in 2018. the amount of momentum carried over from the senate race from ted cruz seemed to carry over with the 2020 presidential election.
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with respect how he able to surpass bernie sanders with $6 million raised in the first 24 hours, shows a lot of people around the country are very invigorated by him, specifically the hollywood demographic. if you look at his hand movements when he announced, probably the muppet demographic. neil: president, gosh i haven't seen other videos of hill. i do think of the hand movement thing. maybe i'm overstressing it. make, let me ask you a little bit about that. the fact of the matter a three-term congressman he may have been, he did come close to toppling ted cruz what was thought to be a red state. might be increasingly looking like a purple state. there is history to suggest that just lack of experience doesn't mean you can't get the job. barack obama proved that just a couple of years as a u.s. senator before advancing to the big job. even losing a senate race doesn't mean you can't get the prize. abraham lincoln proved that i'm not comparing o'rourke with
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abraham lincoln, god forbid. i'm just not jumping to conclusions knocking him out of the box because of all the criticism. what do you think? >> he is coming off a big statewide race with a ton of national attention. he built a huge donor list, donor base from that race. that is why you certainly see bernie ahead of the pack as well. in a lot of ways they have got a head start on a lot of, a lot of these other candidates so i'm not really that surprised that we're seeing beto and bernie with this much money. i do think the comment is right. is it the right investment? will it be well-spent? will it translate into, you know, into an outcome that is favorable for the people giving those candidates money? we don't know that yet. neil: right. >> so we'll have to see but in the meantime, you can certainly expect that beto and bernie will have the money to stay in this thing, certainly through iowa and new hampshire.
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neil: what is interesting, siraj, looking at rollout of primaries and caucuses et cetera, by april, we'll be 3/4 through the delegate election process, is it possible, is it possible that we could have a serious weeding out by then, money might be an advantage, i don't know, this crowded field might be whittled down precipitously? >> absolutely. you're looking at lower-tear candidates, jay inslee, john hickenlooper, a number of candidates were not raking in a whole lot of money donationwise, they don't have a whole lot of name recognition, they're trying to get out there into the media circuit to try to get people excited about their campaigns but the excitement isn't nearly there and seems to be a bit more top heavy towards joe bidens, bernie sanders and kamala harris of the field. looks like many candidates will be weeded out simply because
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they don't have money to continue their campaigns. neil: final thought, blake what will be a crowded first debate. they have a general partywide debate in couple months in june that will be at least 20 candidates on the same stage. there will not be an adult table a kids table. >> i mean a debate that size, what, you're lucky to get one question, one answer. that is disadvantage of having some candidates. i don't mean to suggest people shouldn't run for president. but difficult in debate format to have many people in a time frame you have. i'm not sure how constructive that will be. neil: i didn't mean to jump on you there, my friend, it prompts the possibility of someone throwing bombs to stand out in the crowd and it gets to be almost silly. >> certainly we saw donald trump differentiated himself from the field to start throwing bombs. i don't think we have that personality in this democratic
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field. so i'm less inclined to predict that will happen. neil: you never know. >> but again, neil, we don't know yet. we certainly, we certainly don't know. when you put the candidates on the stage how they're going to react and what they feel like is sort of that, that moment to make a move so to speak. in nascar parlance. we'll see. that is a lot of people on one stage to be sure. neil: that is pay-per-view event right there. gentlemen, i wantthank you both, very, very much. >> thank you. neil: boeing, forget about the planes in question. concern about boeing when these things were first being made and had to be approved elsewhere they held too much sway in the process of the one of the other reasons the stock is down again. more after this. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis.
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as i mentioned. it has lost about $30 billion in market value since the crash of the ethiopian airlines plane a little more than a week ago yesterday. jeff flock with the latest details. jeff? reporter: from chicago and boeing's home here in chicago i have got three headlines for you, neil. the first one goes to the investigation around the crash as perhaps you know the black box data still being analyzed but despite the fact we haven't gotten any conclusion ethiopia's air minister over the weekend said, quote, there are clear similarities between the crash of the lyon airplane, indonesia shun aircraft that crashed last october, on october 29th last year and ethiopian airlines crash which crashed just last week, 189 people killed in the first one, 157 in the second and that points to the mcas. that is the maneuvering characteristics augmentation
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system, pointed two in both of those. here are your headlines from "the wall street journal" on the investigation around how this aircraft and that civil specifically was approved by the faa. "the wall street journal" saying that the justice department is scrutinizing the development of that system on the 737 max. a grand jury subpoena has been issued in washington to a person at boeing who was responsible for the development of the aircraft. it was issued by the prosecutor in the criminal division. that would be somewhat unusual. usually it is the department of transportation that looks into these sorts of things and "wall street journal" also reporting that the dot inspector general is looking at the approval as well of that system. there are some suggestion perhaps that maybe folks at boeing had too cozy of a relationship perhaps with the faa and that they self-approved some of this stuff.
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that mcas system as you know, neil, was designed to make the 737 max feel to the pilots like the old 737s but had an added bonus if the plane went into kind of a too high pitch climb, would be forced into a stall it, would force the nose down. perhaps if it got bad data, wasn't going too sharply in the air, if it forced the nose down when it was doing okay, that could force it into the ground to cause a crash. how was that system approved? apparently the d.o.t. inspector general and department of justice looking into that very thing. maybe explains the stock. neil: thank you, jeff flock in chicago. former u.s. deputy assistant to secretary of transportation under bill clinton, oliver
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mcgee. >> thank you for having me, neil. neil: one of the questions, to get into that boeing had too much sway in the vetting process? >> i absolutely agree with with that. basically flying is all about shaking your tail feathers to keep your nose clean but it is also about making sure the engines are near the cg of the aircraft so the aircraft doesn't pitch forward along its lateral axis of the center of gravity. that is what the cg means. this was basically the case for the old 737 model, neil, but boeing decided to add in this maneuverability augmentation system to correct for overpitching, should the aircraft in climb reached a critical stall degree angle of about 14 to as high as 20 degrees, but really 14-degree angle of attack. that is when you initiate stall. so they decided to put in this
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artificial intelligence without telling the pilots before the lyon air. so essentially the black boxes of the lyon airshows you the pilot is wrestling back and forth between the horizontal tail section which is trying to flip up 2.5 degrees counterclockwise to put the nose down five degrees clockwise in the front of the aircraft. so as they kept shifting back and forth, neil, on the wrestling match, it got really, real bad and it fell into a negative stall. neil: oliver, why couldn't the airline, faa or both insist on training for that particular feature which i guess was unique to these planes, or did, not looking at sinister intentions here, was the 737's overall record fairly impeccable safetywise, they got cocky or the government going through the motions to approve this, this is not an issue we would really have to worry about?
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>> essentially neil we're on the business channel. this is all about global competitiveness of boeing, foot race, we might say a flying race with the airbus a320 new engine option. neil: they knew they had heavy orders to come from this. i'm predating a lot of orders. they were running at pace of 50 a month before latest crash, that is obviously economic interest. could there have been, should there have been, what is the procedure to train pilots on a system that changed enough, particularly for airline pilots abroad to get up to speed on it? >> absolutely but it was inadequate. there was miscommunications here trying to really put in this new artificial intelligence and they were slow in bringing up the human intelligence. basically boeing traditionally in the 737, neil, has auld said, pilots manuever your aircraft. pilots, we agree we fly your
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aircraft. we train you well enough, but we know you can fly the old 737. we'll train you well to do that. when they added in the artificial intelligence, they were slow keeping up with the software boot. like you basically going into a new twitter app, there is new software you're trying to figure out how to tweet but at the same time twitter changed the software on you, so you have to think a little bit before you can act. that is essentially what was happening with the pilots. they were trying to catch up with the artificial intelligence and that has been slow in the training. neil: secretary, very good having you again. thank you very much. >> thank you for having me, neil. neil: be well. all not well in paris if you were watching "cavuto" live show on saturday, protesters breaking store windows and the like. 18 straight weekends of this, so-called yellow vest protests to illustrate worker protests over changes in a number of laws
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and taxes in that country. there are a little bit more details on that, we're getting read from the french prime minister, there will be a ban on these protests from now on. they won't be allowed to go on because they got so violent. a lot of that protesting you saw along the champs-elysees will not be allowed. i have a feeling given the fact the protesters have been steadily doing this, consistently doing this for 18 weeks, that might be easier said than done. we'll have more after this. ♪ (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place.
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durden at emergency declaration signing. she lost her son, all of 30 years old at the time, riding on a motorcycle on his way to work. he was hit by a truck driven by an illegal. the illegal shouldn't have been there. the truck shouldn't have been there at the speed it was, her son is dead. that was an emergency. she doesn't want -- wants to make sure it doesn't happen to anyone else. emotions are certainly tough. i certainly understand where she and other angel moms and dads have the feeling they do but the reading you get from those opposed to president making this move including 12 republicans in the senate it's a slippery slope. another president might use less convincing emergency to declare one and back and forth we to. where is this going? >> well that is exactly the truth here. a lot of the president'
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opponents come forward said that president's trump is no emergency at all but the truth is that there is no definition of what is an emergency under that statute. and that is really where the battle comes in with the courts here. neil: so the courts can settle this once and for all, not one court and certainly not once and for all, this latest three-judge panel will likely review it has a little bit of everybody, a former obama appointee, a trump appointee, i think a clinton appointee. you can't base the outcome on that. but they too are going to look at what is an emergency and whether a president on the right or the left could go too far. what do you think? >> right, exactly and i think for the conservative side of things the problem that the president runs into you have a lot of constitutional conservatives who want to limit any branch of government from going too far with their authority and the other thing is, like you mentioned, the precedent that this sets for
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future administrations if president trump is allowed to move forward with this, what does that mean for any future president? what can they declare as an emergency. i think that goes a little too far because i think in this case the basis for the president's emergency can actually be supported as an emergency under kind of a standard definition of that. and i think that the fears that it can be interpreted in any number of ways might be a little bit overblown in my opinion. neil: well i was speaking to some obviously who support this, over the weekend who say, if it is matter of life and death, lives are on the line, potential of that leading to a problem, or lead to widespread insurrection or violins at the border, potential alone, to say nothing of the facts of the case, some of the incidents we've already seen warrant a declaration of emergency but once again to your fine legal point, we don't have such a definition. so it is very loose. >> it is very loose and i think
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the point of the law when congress passed that legislation was to give the president this sort of unilateral authority to make a determination, a final determination for the most part, about what is in the best interests of the country. if something is potentially risking lives or risking the safety of citizens, then the president needs to have the ability to take action against that. and there is some checks and balances in place of course but those are very, very limited. of course the president issued a veto already. it would take a supermajority to overturn that. so congress gave the president this power and point of it was, it was very unlimited in these sorts of cases. so i think that the question will really come down to is this an emergency, is the law overly broad, does the legislation need to be fixed to actually give some more guidance to future administrations? but as of right now i think the president is well within his legal right to test this.
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neil: testing he is. katy, thank you very, very much. very good having. >> you thank you. neil: all right. to katy's point there is also a raging separate debate on this, say a court does intervene to say mr. president, you can't do this, legislatively he has been approved of 1 1/2 billion dollars wall building. how do you distinguish the building going on and building a judge, three-judge panel a circuit court says can't go on? that is whole another legal battle after this. things will be tight but, we can make this work. ♪ now... grandpa, what about your dream car? this is my dream now. principal we can help you plan for that .
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>> welcome back to "cavuto: coast to coast." i'm gerri willis from the floor of the new york stock exchange. apple quietly unveiling two new products today. ultrathin 10.5-inch ipad air, and 10.5 ipad mini. starting at 499 it is more powerful than the last years's 399 but less powerful than the ones start at 1199 for 11-inch model. it allows 70% boost for performance and twice the graphics capability for apple. first new ipad air since 2014. new 7.5-inch ipad mini, 399 features a-12 bionic chip and three times the performance and
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nine times graphics. retina display allows the new mini to be 25% brighter. the products come with the apple pencil that allows users to mark up documents and photos. the lawn of two new products come a week before the march 25th event when they are expect odd unveil details about the streaming strategy. apple shares are higher. back to you. neil: gerri willis thank you. she mentioned streaming, it comes at interesting time for likes of facebook and youtube still working into respond how it was that new zealand attack video was on its site for so long and still many quarters, thousands of them still is. tech analyst blake harris says there is mounting pressure on mark zuckerberg to handle situations like these, but we were chatting during the break that could prove a lot easier said than done, huh? >> i was really trying to get perspective on this whole situation just because everyone,
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i was horrified it as well as how quickly it spread and as we were discussing in the break, once it spreads it can't unspread. how much the genie can't go back in the bottle. neil: even if they take it down, you recorded it or shared it with someone doing the same, it is still out there and you can't get unget it out there? >> right. i think is enlightened perspective from arnold schwarzenegger movies, you remember "the running man"? neil: sure. >> it is a gladiator reality crime show, criminals gain free time but end up murdered on tv. it is gore and violence and connection with entertainment, the thing i kept thinking of, at least in the circumstance, someone was responsible, accountable, the network was that put on the show. here facebook is never responsible for anything. they're just a middleman.
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neil: also schwarzenegger ended it. >> where is our schwarzenegger? neil: blake, let me ask you this, my son was commenting this looked like a "fortnite" game. i'm wondering that he is not expert at "fortnite," he is an expert at "fortnite," i'm wondering giving benefit of the doubt all those watching this, not saying anything, it had similarities there of a streaming game coming through and then people didn't realize the real horror until that moment. the reason why i bring that up there has been a move afoot, stop live streaming, delay it, do what we do in the broadcast business, seven second delay just in case. what do you think of that? >> i think that is really the key to the arnold schwarzenegger analogy. facebook we think of them as a social network but they are a media company. but -- neil: but they have two billion users all over the world. >> there is no way that --
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neil: new zealand already brought this to their attention. then they shut it down but. there is not a mechanism in place to shut something down like pronto or automatically. >> right. i mean they have artificial intelligence algorithms that will look for cues. neil: they were not fast enough. >> impossible to be fast enough when you have 2 billion users. these will be inevitable consequences. it did make me think of internal memo from 2016. i brought up the exact quote, i didn't want to get it wrong, this is from vp at facebook. talking about growth at all costs andrew bosworth. maybe someone dies in terrorist attack coordinated on our tools. we believe connecting people so deeply, anything that allows us to connect people more often is defacto good. i'm not sitting here people at facebook flipping popcorn in their mouth happen what happened. of course not. i talked to people. they are horrified but these are the consequences of what they're
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doing. this is part of a defacto good in their mind. neil: is it it could happen again. >> i don't see how it is not going to happen again perhaps this is the scariest part. neil: horrendous streaming, a real live killing in real sometime streamed to the world? >> essentially what facebook and other social media companies do, democratize content to be your own channel. neil: yeah. >> when you have the democratization there will be terrorists and mass murders out there will be a part of that. we need to figure out how to stop that. neil: blake harris, the history of the future. very good tech analyst. more after this. everyone's got to listen to mom.
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edward lawrence following all about. three mike the not shy at all about this under resting his displeasure appeared this morning talk about general motors and the fact they should reopen the plant specifically closed in ohio. rolled off the plant on march 6th. the president saying the next meeting between the company and leaders will be to the fall. the president believes that meeting should be now. he treated out right away. start them now company to close a plant in china or mexico and bring those jobs home. advisers say he is frustrated here >> he wants them to come to the table before that aired the urgency the president feels is a once the companies to continue to stay here and return here because he knows that is a bedrock part of the u.s. economy and continues to be. >> the president has threatened
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to cut subsidies the u.s. government gives to gm. overall best he spoke to the ceo on the phone last night to the president stressing to her she needs to reopen the planter salad and allow another company to come in and expand operations they have to close the plant because demand has basically fallen off a cliff literally and they do not see the demand picking up at all, therefore they can't make that product they are. under the union contract, most of the workers are tied to that specific plans and cannot be reassigned. nonunion workers are working at the company. you mentioned economic advisers quickly. the president being briefed on its economic report of the president has to be submitted to congress within 10 days. they are finalizing that to be submitted in basically the the administration's view of the fundamentals of the economy going forward 2019. neil: i want to bring john into this conversation, ceo appeared
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the president has been arguing this plant needn't be closed right now, that it's a hardship on those workers. of course a federally rescued company more than a decade ago it has to make decisions like this to avoid something like this ever happening again. it's really between a rock and a hard place. >> yeah, the auto industry here in the united states is showing some real signs of stress right now. sales are down from last year. prices are actually up. the average load at the monthly payment is up. exports are down in investment in the sector is down from last year. you have to understand the context here. a bit of a stressed industry right now and certainly policy uncertainty whether it's terrorists or other interventions could ask of stress are compounded. that context is really important
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here. neil: i'm just wondering if they were to yield to that pressure for whatever reason, i am wondering what the thought would be on the industry that you could be forced to keep up an implant that hasn't been there. it's a whole new litmus test, right? >> i'm not privy to the internal strategies of these companies but one you've got to be a response to the customers. what they want in the u.s. marketplace today i'm going forward number one. number two you've got to be competitive. those are the decisions driving companies. it's really about the customer. neil: said larry bair has gotten press from this president before. he's been treating out on a lot of issues. the strong economy and everything else in life to record low unemployment. key demographics are looking at
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record employment. shouldn't he be looking at the fact that not job gains over his presidency at gm are actually higher than where they were and just be content with that. >> yeah, certainly the president has really had the auto industry in united states top of mind since the very beginning. that's been the key to this administration than they should. 10 million american relied on the u.s. on history -- auto industry for work. it's really important and there has been some progress. certainly tax reform has been a winner in the concern across the industry as some of this policy uncertainty tariffs are raising the cost of auto production here in the united states and i think we have to be very, very careful that we don't have a time of increasing stress in the industry that we don't upset out. we should be looking at progress were making. >> i was like to repeat governments don't pay tariffs.
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we do. thank you very much. john bozell. meanwhile, we are following the prospects of the trade deal with china. the latest wrinkle is that they meet but they are counterpart xi jinping. charlie gasparino what's going on? >> the political calculus has been pushing out and get the bang for the ball closer to the 2020 election. as close as you can. the markets are going to go up on some of this. depends on how big the deal is, if the deal is marginal, the conventional than the market as traders and investors tell me. >> kicked down the canyon. real tangible business opportunities opening up in the u.s. -- excuse me in china for u.s. companies where you can put dollars to that.
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if it's like let's all be friends at move on, and it's baked in. by the way, let's all be friends and move on and common is better than a trade war, but if there's something tangible in the term people believe that get something tangible, they believe they can talk up the markets about 2000 points. that is the whisper number inside the white house. i'm just telling you what they're telling me. when i treat this stuff out, you're talking up the market saying it will go up. this is what they are saying. trump says it's the greatest economy of her. is that? i don't know. it's a fine economy. do you think -- do we blame president clinton is just the going on now. but should we be doing even better in the polls unless
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there's something elsewhere missing. maybe it the wild-card. maybe it's all this tweeting the nastiness. what is it? >> a delight donald trump. i've known him for a while. the country does not like donald trump or most of the country. he's got his hard-core supporters, sure. but 60% of the country don't first light came. they find his tweets to be a noxious. you can just go through. >> again whether you give the president credit, -- >> they don't like him because of his personal watcher buttes. to his personal attributes and his dislike ability so to speak, does that translate into losing the presidency if he ran against bernie sanders, one of the lunatics they have. >> i'm sure it's joe biden.
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i think already you see them talking about someone's hands. it's usually a sign he thinks he's easy to be. he's more worried about joe because all you hear them say a low i.q. he's not making fun of his personal attributes. neil: low i.q. isn't a compliment. charlie: lexie donald trump's 10 scripts. we know michael colin tried to hide them. he thinks that biden is a more formal candidate and to be honest with you if he can get three democratic primary, he probably has. neil: you know, certainly worth looking at. thank you very much. charlie was speaking we were -- he apparently plans to visit all 10 counties. over iowa this past weekend. having raised a record
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- [narrator] custom ink has hundreds of products and free shipping. upload your logo or start your design today at customink.com. neil: more than $6 million in 24 years -- president hours. no one has ever raised more money did not shortest period. it also put him ahead of bernie sanders to raise about $5.9 million. a lot of enthusiasm for beto o'rourke. but is it enough and will that help as he has said go from red to blue appeared from a bush 43 deputy chief of staff karl rove.
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first of all the money front, are you surprised. >> no, he had ed million dollars he raised for his senate campaign silly debate: ready or not give donors. that's a big nice lives. better than bernie sanders. we are likely to see that number across $10 million by the time you get 48 hours 72 hours of receipts. interestingly enough we'll see a lot of people signed up to be automatic donors. 15 or 25 or $50 every month between now and the end of the campaign just like bernie sanders did. two or $3 million a month now baked into the cake for the balance of the campaign. my suspicion is we would feel little more from this initial robber princess o'rourke. neil: a lot of republicans dismiss him.
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he failed in his run against the united states senator. the only other guy to whom that would apply and ultimately succeeded abraham lincoln. i know you covered that race very closely. what did you make of that? would you think? >> i do remember. on your show during the run-up to the 1860 election. i knew abraham lincoln. he's no abraham lincoln. but he is going to be a very strong contender. he's got charisma. he's got authenticity. he's a little thin on the issues. he's even thinner on the record. they are going to be looking for someone like robert francis o'rourke. neil: day compare him a lot to barack obama. obama had a lot more have going for him. what do you think? >> i think that's the fact that a bunch of like david plots and
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others are getting involved in his campaign. you can use more like a kennedy. but, when he was growing up maybe they called in by ethnic name, but it didn't appear when he went to columbia or when he ran a web hosting company or when on the road with a grunge band. but it appeared when he got ready to run for election to the city council and the heavily latino city and then took on a latino congressman in a district overwhelmingly hispanic. he's bilingual. my suspicion is will have a strong outreach to latino community. remember, texas is on march march 3rd hear he's going to get a big chunk of delegates on the third of march. that's going to be a key date to see who's going to be in this contest until the end. you've got to get at least 15%.
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if amy klobuchar minnesota, lipitor in massachusetts and robert francis o'rourke in texas fall below 50% we don't know what the magic number is going to be that if they don't read and spell in comparison to others in their homes date during that same period of time or on that same day of march 3rd, someone is going to be in trouble. neil: let me ask about the awards in the contest. i think was in a finely written but it's even more frontloaded whereas 72% of the delegates up for grabs could be decided by april. what do you think? >> that's going to be a big issue because it do delegates will be decided between the beginning and i do a banana
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chunk of them could be 70% by the beginning of april. the more you have frontloaded look at more than 15%. if you've got a state of iowa and prefer candidate to more of the vote to look at a slightly disproportionate share of those delicate and you can have different groups of three or four getting over 15% in iowa in a different group in new hampshire in a different group in south carolina means you could conceivably come to the third of march and if everybody does well have a lot of people who will be able to last to the end of the campaign and second of all the likelihood rises dramatically where we don't have a candidate on the first ballot and then we have the superdelegate not allowed to vote on the first ballot, but 700 some odd of them can come marine in and maybe make the decision and deeply split the
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democratic party no matter who they go for. did they go for the person on the first ballot or another candidate? >> grow quickly, we are told that michigan, wisconsin and pennsylvania. we're also told all of a sudden texas could be in play. georgia and arizona as well. do you agree with that? >> well, arizona is in play because they got less than 50% of the vote last time around. by comparison nearly 54% of the vote and a nine-point margin. georgia could be in the battle. the president did get roughly 51% and led by five points over hillary clinton. i don't think unless robert francis o'rourke is a nominee in texas is in play. nearly nine points over hillary
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clinton. 57% of the vote in the 16% margin over barack obama. republicans have got to worry about arizona. they cannot take georgia for granted end with senator john gordon at the top of our ticket in texas republicans will be muscled up. unless it's robert francis o'rourke texas is going to remain out of reach. neil: you will never call him beto o'rourke? >> i'm calling him by the name on his ballot. robert francis o. work. what you think? can you join me on it? neil: thank you, kr. carl worth, and best-selling author. knows these inside than out. boeing shares no surprise you're continuing to drop, but this time an faa report to get the
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>> and they are looking into special athletic missions in the wake of these that grow larger and larger in a lot of schools are rethinking when i talked to enough other director orie lacrosse coach in my getting the real skinny hearing should i allow that to potentially -- former brandeis university president frederick moran says because the thursday crisis going on in the admissions business as a word. very good to have you, sir. thank you for coming. last week i was talking to a former m.i.t. admissions official who was saying in the past you would talk to let say the athletic director. they don't have a logic scholarships but they weigh in
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on them and now in this environment he wonders whether that changes or whether you then have to tighten things up. what do you think? >> the most important thing is to make sure your admissions people are working in close collaboration. we get into trouble as for the athletic people instead of getting what we call a tip meaning here are the people to this board and then it goes over to admissions office at the extra thumb on the scale but then the admissions office has to run the traps on the academic on friday said the student. we never thought it missions people were supposed to run on the bona fides. if they say we need this kit i don't send my admissions people mistakenly shoot threes. i assume the athletic people know what they're doing here. what's going to happen going forward? i don't invest the answer here. tight enough in terms of making sure there is close collaboration is the key.
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the schools by the sword has handed us over to the other people are learning a hard lesson and it would be a good thing to tighten it up. neil: i just wonder how you do tight end up. they were not your regular spot, but allocated towards legacies than come and the kids of those who had gone there weird special cases, athletic cases where you would have more flexibility i guess. is that everyone general no distinction for either like it or you are at it talent because that would get in the way of schools who look to when the next ncaa basketball champion. >> in a very strict rule isn't going to solve this. when you look at putting a class together, we are looking for a balance class. he wants students to fill lots of different slots. students by sats or is for
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sure. but your actors, musicians, and people who've been ahead of the student government. that puts together the whole academic community. so those are things always looked at. you've got to make sure that people in place or you can rely on are people who are in fact reliable. i've been asked was i surprised at this. to my surprise to know that money plays a role in poor decisions that get made in the society? of course not. but in my surprise to know people at universities over positive trusts have been lying to the people who rely on them? i am surprised by that. if all of a sudden your photoshop being. i do wonder no mystery in the past very rich donors to a potential school donate a lot of
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money in the year or two later there could means. but the link in a nod that kid get thin. i'm wondering how common that is. >> well, i wouldn't overstate what a wink and nod means. is a plus in the file? in most cases absolutely. as a law school dean and as a president i had discussions with donors and said this is not going to work for your kid. those are difficult conversations because people assume it's going to work for their kids. neil: are they a kid at that point? >> this to be my admissions office coming to me and say we've run the traps on this file. mr. president, and this is someone who's going to struggle here. there's a lot of flexibility you have in these decisions. sometimes i would tell a donor, here's what we'll do. we will guarantee this didn't be enable the transfer and if he goes to a credible school and is
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in the top quarter of the class and sometimes the student would go to some other school and be happy instead and that's my loss. sometimes there'd been a top quarter of the class in which case was happy to take them. sometimes a generator that instead of not what i was hoping to hear. in the average year we would spend -- send a dozen objection notices and maybe 30 or 40 of those guaranteed transfers. i know this isn't the news you wanted pitcher getting something. it is supposed to be in the overwhelming number of cases about getting the young people the right school where they can grow. that's a very clarifying thing you just said and i never forgot. my mother taught high school for 40 years and remember every one of them is somebody's kid. neil: i remember my mother saying you're never going to give in any school. all is well with the world.
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thank you very, very much. how wide it is now in it's getting wider and wider. a lot more coming up including the president did see an snl and the veteran of that, joe piscopo ready to also gives snl? joe is between a rock and a hard place. i love it when he spared because he can't win. only from fidelity. shouldn't mean going back to the doctoro just for a shot. with neulasta onpro patients get their day back... to be with family, or just to sleep in. strong chemo can put you at risk of serious infection. in a key study neulasta reduced the risk of infection from 17% to 1%, a 94% decrease.
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and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >> the fact the official party position to not appear in facts or having a debate on fox. do you think i will come back to hurt them? are not being provincial or territorial in my view. do you think that would be a mistake? >> i do think we should purchase a paid. i happen to believe it's good to appear on different shows. i appreciate the opportunity i've had on fox.
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>> democrats should be more like him in top one shows, fox news. but it comes at a time where the president says this is to misread and our guests in our house, but for that matter so does some of their entertainment program including the presidents of fashion by saturday night live coverage. he might've been looking at an episode that repeated this weekend once again didn't put them in the finest of light. joe piscopo on that. long time no see. how are you? >> it came all the way from atlantic city. i said i've got to get to nail. i'm in philadelphia. how are you? neil: i'm fine. you drove her year in the backseat telling the driver? >> no, i drove. i'm a jersey guy.
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>> you're a standup comedy guy. >> radio show from down there in atlantic city. i know you're going to take me to task on mr. caputo. i know you are. neil: just want to say you are in a no-win situation. you also love your old friends and colleagues. it's a unique club. the president says again and again it not right, it's not fair and he is ticked off. >> "saturday night live" is funny. it's great. i don't like when people criticize because it's my home. with leslie jones, tina thompson they were so funny with the r. kelly sketch recently. it's a funny show. you can't take that away. it's a hard show to do. but the president now going to get into trouble. the president is not wrong when he says the late-night shows are
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skewed. like jay leno. he said the exact same thing. i would like to see a caudillo quartiles. they should do more of it. like the way ocasio-cortez says blake. like i'm going -- i'll go to the short hills mall. neil: i get it, get it. maybe there's something there. but does he draw too much attention when he all but talks about maybe getting government involved. he's making a bigger deal than it should be. >> may be. don't forget where is make fun of the president on "saturday night live." talking through mutual friend maria bartiromo. what were talking about
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"saturday night live" how they did the blues brothers, david nixon and kissinger. do you remember that? >> prey, henry, pray. pray, henry, pray. neil: it did go after bill clinton, the monica lewinsky thing. but the appearance the president has as its route up against him. there isn't anything he says about him. they're mean. obviously that of solomon eye of the beholder. first of all the leader of the free world, should he be? >> honestly, i'll tell you what happened. i agree with what you just said to the president should be the president. he's doing a great job. i think a win in 2020. when i said that on the radio this morning, when i said i'm
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telling you the listeners get on me. you've got a stick up for himself. i got nailed and it mostly women callers who called to tell me when i say put the phone down, mr. president, be presidential because you're doing a great job. i get yelled at on the radio this morning. i don't know which way to go. i agree you should not worry about it. it would be nice by the way it's like we always talk about adam schiff talking to michael cohen. but dracula. look into my eyes. i will mesmerize you. you don't like donald trump. there's not a lot of that. you think the president watches too much tv? >> no, i think this.
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the conservatives in the united states of america should come up with their own comedy channel so so you can answer that and do it in a way. comedy is comedy. you don't have funny. "saturday night live" is funny whether you like it or not. they make fun of me and i've made fun of other people. if you want to show up, and it would be like a conservative comedy channel. do all the sketches we just went through now. now, he seems a little thin skin. just calm down. the more you let them see you sweat, the more they want to see you sweat. >> that's a very good point. from doing the show and sometimes i watch myself on the rerun. but i'm so guilt ridden. so i worry about everything. neil: reagan last year, george
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bush, dana carvey. take a chill pill. laugh at yourself. >> by devices all taken. they should try to be funny on all fronts. by the way, happy st. joseph's day tomorrow. neil: there you go. well put. so good seeing you again. one of the best shows ever created. we will have more after this. i'm kidding, i'm kidding. see? fact is, every insurance company hopes you drive safely.
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neil: the mayor of newark, new jersey is looking into a basic income programs. this is something i numbered the 2020 democratic presidential as i believe are looking to give upwards of $400 a month with no strings attached, see what you do with it. whenever they are into. "politico" joins us. we've also got former obama america spokesman jack friend i should say in cabot phillips. would he think of that? is a bad idea. they recently discontinued after year about see no noticeable apposite bullet impact.
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they're saying it's compassionate to help people in need. there is nothing compassionate about robbing people to go out and work and we have a young student for example not do anything cause you don't give them an a to make them feel good. from had great appeal feel more fulfilled. it's the same basic premise here. the welfare programs i don't incur them our money at this problem is the solution. >> i guess it depends where is this money coming from. either reallocating it from other sources, do you know? >> the proposal introduced a silly test program right now. some of the proposals the 2020 dems have pitched, and her gang, and regain the, and her gang in new york are naturally would pay for it through value added tax. this is a costly proposals. it would cost trillions of dollars to follow through with something like this.
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he wants a thousand dollars a month for people to have agreement in this basic income. it's something a lot of them have really shied away from this because of the costs and they could be labeled as radical socialists. what do you think? >> i think the issue of economic purity is going to be a major 2020 issue. i don't think the specific idea will take hold with any of the mainstream 2020 candidate says psychologist said. dealing with the tariff issue, automation, technological disruption is something we will have to do as a country and realistically the 2020 candidate that can speak to this will have more success. >> that is very different than saying i favor writing or balancing the scales here by issuing a check to you and not spelling out how it will be paid. i know the modern-day value-added tax, but we know
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something about the vat tax in europe that started out small. now both taxes exist side by side in what was supposed to be 4% when it started is now in excess of 20, 25% and most of those countries. there might be a method to this that certainly would remind folks and maybe that's the idea will never come to fruition but remind folks we are looking into republicans are not. >> the central theme is more reliant on government as opposed to reliant on yourself in the market. the left has played up the idea that government stepping in and controlling things. those are things very popular especially with young people. >> a great job for $300 euro deficit is rocketing. there's hardly an example. >> we see time and time again anytime bureaucracy gets more,
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it sounds nice but we know people have to pay for them and it can become not the hard-earned taxpayer dollars. a third of the people are under the poverty line considers to be billions of dollars poured into this. in 20 this is going to be a large issue they become more means dream. people are jumping on board that they're going to be coming out. >> i think the fact that there are variations something that could maybe help the government in a more act of role so the trend is better. >> read absolutely. i do agree this issue could take on could take a more prominent than more democrats could face pressure to come behind something like this especially if you see the issue gained steam on the left are some unlike in alexandria ocasio-cortez came out in support of this, she's really pulled the party to the left in
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a lot of issues whether it's climate change or medicare for all. it's not hard to imagine her coming out with something like this especially when she's made economic inequality a key part of her platform. you can imagine every single contender would be asked about their position on this. neil: i'm wondering what barack obama with think for some of these proposals. would you be worried? is he worried? >> in 2008 the green nuccio concept in many respects was a large part of the obama platform. i think the ubi, milton friedman is talking about it that you raise an outstanding point about just in general the discussions the parties have been the primary candidates are having. it is how big and how bold can you go to set yourself apart because it's really shaped the graves of the left right now could he go bread-and-butter and remember the election will be
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won through the the industrial midwest took another real residents. more and more of these discussions i don't know. neil: i want to thank you all. when it comes to an upward of $23 million valuation. not bad for ridesharing company that was started on a walk. after this. oss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax.
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neil: we know lyft is giving itself a lift. with road show for the public offering with valuation could bring in north of $23 billion all said and done. we have alan knuckman. obviously a lift to that, maybe a lift to the market, what do you think? >> i think lyft is just the beginning. this could be a big year for ipos. uber is coming somewhere along the line. pinterest, airbnb, what is the last one, post mates they deliver things to your homes. they have questionable business models that don't make money right now.
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let's remember took amazon four full years to turn a profit. so if you have deep pockets you can do this. neil: a lot of these were stalled because of the government shutdown for better than a month. they're waiting at the gate. now they're getting ready for liftoff here. i'm wondering how do you think they will be received? i know very different cases there. lyft and uber will be similar obviously. what do you think given pent-up demand? >> there is still a lot of money out there. these ipos allow early investors to cash in. lyft they need money. they're down to $500 million of cash, something of that knit ture. this will bring them $2 billion. how much the market will accept is another question. interesting companies are losing money trying to make up on volume. that doesn't make sense.
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eventually they turn the corner to buy time. that is what this allows them to do, give them a little more time to play this game. neil: how do you like the market right now? a lot of people are focusing on federal reserve, not interest rates this week, maybe not at all this year, things shred down enough, bond yields lowest level of the year, things look hunky-dory? >> you're the one saying it. i don't have to say a word. exactly we talked about this before. we're not raising rates. corporate profits are not great. things are smoothing out right now. we had the unwind. that looks like opportunity. every time in history so far, markets bounced back distance of the selloff, would send the dow 35,000. that is above where we are right now. big winner in the lyft situation and ipos will be banks. keep an eye on the banks. that is where we keep economy. banks have p-e ratios around the 10 level. they're not really valued very
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high. they have a lot more upside. they're about 10% off their highs made in january of 2018. so with all these ipos and a lot of fees, banks will get five million shares out of this lyft situation. you know, they get paid as well on these, on these rollouts. so there is money to be made there. let's remember, banks made $236 billion in profit last year. they're still significantly below where they were in 2009. so they never came back like the rest of the market. keep an eye on banks. they could be booming once again neil: alan, good talking to you. he was bullish back in december. another guy that was bullish buy hosting next hour, charles payne. to put this into perspective, we have market doing more than okay. oil in and out of highs this year. interest rates on the two, five, 10-year notes at lowest levels of this year. that is a weird kind of
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confluence of events that still shows the underpinnings of this market are quite sound. federal reserve is not likely to do that. i don't know how charles feels now. it was uncanny then. he is uncanny now. in fact he is next. charles: that means the fed is playing ball. neil: think you're right. you're right. >> wall street loves it. appreciate it, neil. good afternoon, everyone, i'm charles payne. this is "making money." coming up reports the meeting between president trump and president xi may be pushed out to june. maybe that's a good thing. we're going to explore that. markets holding steady. s&p, nasdaq higher. dow joining them. could this be the next leg that lifts all of these to all-time highs? i have a market panel. boeing, the biggest plane maker facing growing pressures after similarities between the ethiopian and indonesia crashes were revealed.
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