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tv   Cavuto Coast to Coast  FOX Business  March 21, 2019 12:00pm-2:00pm EDT

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with maria. she starts really early. i got it bad, she starts at 6. the interview on the show starting 6:00 a.m. tomorrow. time's up for me, neil, it's yours. neil: thank you very much. following up the same market. up 231 points. i'm sure the president will be referring to that if this holds with maria. meantime a lot of this is battle between two sectors going different ways. technology when you're looking at strength of what is is the case with apple a brokerage firm says it's a screaming buy. micron technology being in the semiconductor area also leading an advance. we have levi strauss, stuart
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said 30% up from the offering price which was already considered generous from the get go. all of this president is meeting with the business roundtable ceo's. already getting mush back from some of them. we like what we see, don't see it going on strongly this year or next year. there are many who can dispute that the ceo's did not get the bang from the buck from the tax cuts last year. it is still early. we'll see what happens. edward lawrence following that in washington. >> reporter: president donald trump is saying the economy is humming along. business leaders are expressing concerns about uncertainty. the president meeting with some leaders at the quarterly business roundtable gathering here in washington. the ceo members include doug parker from american airlines. tim cook from apple. jeff bezos and jamie dimon from jpmorgan and a.j. banga pro
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mastercard. federal reserve logerring growth expectations this year. kevin hassett still thinks the economy will grow by three percent this year. federal reserve chairman is hearing from business uneasiness from the business leaders that centers around the china trade war, tariffs associated with it. the federal reserve hearing from business contacts. they're concern about loss of markets from the trade back and forth but also with europe. the chairman saying settling the tariff back and forth, could help with china, europe improve tear economies around the world. will help continue the u.s. economy to grow. at the roundtable is also u.s. trade representative robert lies highser. -- lighthizer. much giving talk where it stands. some ceos are extremely interested what he has to say, neil. neil: we understand.
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the single biggest market moving factor going these days how close or not close we are to a deal with china. edward, as always great work. >> thanks, neil. neil: edward lawrence in washington. we're watching that closely, the president as edward intimated the tariffs remain in effect longer than anticipated. that was not greeted favorably. maybe the talks could get bogged down, delayed. the eventual meeting with the president slated to have with xi xinping china, could get pushed back to mid-summer. no one knows for sure. there is no expert or inside angle. those who look at rep repercussions. we tom bevin and andrew feldman, small business council president karen kerrigan.
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saying almost to a man or woman this momentum can't be sustained. it is not good or bad. heading towards recession. they're cautious. are small business folks feeling same way? >> i think there is. continous improvement in terms of policy and moving forward. reforms that could be made on a whole host of issues. capital, health care reform. obviously workforce challenges are a big issue facing all businesses. big, medium and small. so solutions along those.
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>> a couple days we had really great things to report. there need to be more policies to fuel that enabling environment and i think we could get back to strong levels of growth. that overhang definitely on the trade. that has to be resolved more quickly than mid-summer. neil: that is what i hear from folks. tom bevin one thing you hear depending on the left and right, few will argue the economy is doing pretty well. you can talk about those dislocated. those not getting swept up in good activity, are smaller percentages we've seen in the post-world war ii environment. so on that basis alone you would think the president would be comfortably ahead in the polls but maybe what bedevils him. he comes out of the blue, make as tweet or comment, you know,
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about george conway, kellyanne conway's husband, john mccain, it flat ends all the other progress. what do you make of that? >> that is definitely related. trump's biggest selling point to the voters, the base will be with him regardless. they will not cross lines and vote for some democrat. the margin of voters. moderate voters who think economy going pretty good, generally like trump's policies, don't like his style, mannerisms, tweets that turn him off. his selling point in 2020, look this economy is doing great. you know, stick with me. don't go with someone else. if that foes away, then, then it makes it a lot easier for independent voters and marginal voters to pull a lever for democrat in 2020. trump has to keep the economy going best he can. make the sale to the folks. probably would help them with the folks if he dead away with the tweeting -- get away from the tweeting and fighting.
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neil: good luck with that. the base loves it. they will not look askance at it. democrats, pile up to challenge him have taken a hard left stance. we'll see what happens with george biden. he is sort of an odd man out in his own party, which is much harder left. if that approach ultimately ends up being biden as well, dooms democrats, when you could argue that the president's grip on poll numbers is always hurt by these other tweets and other ancillary comments he makes? >> i think it is too early to handicap really the presidential race right now, especially on democraticside, neil. we know the economy is really working well for rich, powerful, corporations in america but it is not working for middle-class families and, working families. neil: why sun employment at record low. demographics -- wait a minute
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i'm not hear to cast political aspersions either way, the numbers argue what you just said? >> when we look at wage growth, right, when we look what is happening in, as we talked about with the trade war with china, when we look what is going on in lordstown ohio with gm what happened with the tax cut. neil: lordstown ohio a bit of an outlyer there? manufacturing, job pickup is strongest there in 22 years. >> that will really cut a hole, cut a whole town a whole population there. neil: i understand that. do you really that i that, or is it the other stuff from trump that you want to see, when he goes -- >> i think you have, i think when you look what happened with the tax cuts, right? the tax cuts have been really, really, really straight out lie to the middle class and to hard-working families, right? a lot of those folks had to pay more in taxes result of this tax cut. that is just not fair. neil: if you live in high-taxed
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state you are right about that. karen, let me get your sense, about these business roundtable ceo's meeting with the president. for them it has been pay dirt, right? they saw the tax rates dramatically slashed. it showed up in the stock prices. showed up in the activity and the expansion plans that they were making last year at this time. what's interesting to me, maybe this touches on andrew's point, even they're talking about cooling it on that spending this year. i'm wondering if the whole allure of the tax cut has worn off? >> i don't think so. i think that actually taxes particularly for many small businesses is continuing to pay dividend both in terms of, you know their ability to invest more. 20% deduction that they received. just the boost that we believe tax reform has given to growth in general has really buoyed the
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spirits on bottom lines of many small business. the issue now is how do they take advantage of the growth opportunities given they can't find skilled employees they need? we do have the workforce issue needs to be resolved. there is other issues too. as i mentioned, health care reform, lowering health coverage costs they can better compete. the other good news story is that startup activity is just off the charts right now. the last quarter of 2018 we saw nearly 900,000 individuals applying for employment identification number which is the first step to business startups. now the president -- neil: we'll see if there is spillover. tom bevin, quickly ending with you, getting your sense the political fallout, how democrats respond to it. what do you think? >> to counter what andrew just said, there was poll from cnn earlier, 70% of folks think the economy is good or excellent. 42% think they're better off than they were a couple years
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ago. that is great numbers for trump. we're 20 months out. a lot could change. economy is number unissue on minds of voters. it will be 201and it will be in 2020. >> president promised 3% growth. that will not happen. white house reporting is even showing that. i think he is in trouble for average working american in this country. >> i don't agree. >> i will say you have your doubts about the president. seriously guys, very good having you. i could see that joke really registered. meantime, levi strauss surging in the debut. up better than 30%. a lot of people look, what a great signal for lyft, eventually uber and all these other big, you know initial pub offerings that were delayed. now they're ready for takeoff and they're really taking off but are they taking off a bit too strongly? after this.
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neil: all right. free speech, or say good-bye to your funding? blake burman's on the president's approach making sure everyone is heard on college campuses, especially conservative voices. break? >> this will come via executive order from president trump a few hours from now, 3:00 this afternoon here from the white house. this has long been a complaint a worry for many conservatives who fear free speech is being stifled on college campuses. so this executive order will try to address just that. the threat from the trump administration is this. if free speech being stifled on college campuses grants will be withheld from the colleges and universities. about a dozen or so different
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federal agencies, departments involved with this one. the administration not specifically saying what example might fall under this umbrella or what examples. president trump earlier this month spoke at cpac in washington, d.c. cited this specific exam right here, hayden williams a conservative activist on campus of uc berkeley. he was confronted and assaulted and this is what this executive order will try to crack down on, to make sure that stuff like this doesn't happen on college campuses. here is the president from earlier this month. >> if they want our dollars, and we give it to them by the billions, they have got to allow people like hayden and many other great young people and old people to speak. [cheers and applause] free speech. reporter: now the deal is also boeing to try to attempt to
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tackle the massive, massive growing amounts of student loan debt. currently right now, at least last reading $1.46 trillion. will call for the treasury, education departments better public data student earnings and debt for example. the eo wants a report by end of this year as it relates to risk sharing. you and i talked about this a couple weeks ago, the idea others have skin in the became as it relates to student loan debts especially universities. they want all the ideas put together and on a paper by year's end. how to reform the loan collections process for those in default. we through up the number $1.46 trillion student loan debts, 9% are in default of 90 days past, neil. neil: wow. thank you very much. blake burman. ford o'connell, former mccain
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campaign aide director kissing forum pac, does work with president trump with john mccain. talking about distraction of late maybe the president has been on to criticize your former boss. maybe for good reason. maybe there was bad blood there. you intimated in the past they never really liked each other. got even worse on dossier stuff and everything else. do you think it is hurting the president, that it is hurting his message on economy and markets you could argue is a pretty good one? >> i will say this. i don't think he should have brought it up in the ohio rally, he really has an incredible story to tell on the economy, 3.8% unemployment. hundreds of thousands of manufacturing jobs, wages rising. so essentially you know probably shouldn't have brought it up there. that is not donald trump's style. frankly it is working for him. as you point out, these are two men who simply didn't like each
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other. while i have the utmost respect for john mccain, donald trump has very good reason to be hacked off given mccain's handling of dossier which media points out. wasn't just he gave it to comey and trumped it all over the to media. that was poor sportsmanship. neil: it is done. you can go back and forth. it is working for him. you could make the argument in a strong market economy like this the president should be up 10 points in the polls. this is arguably one of the best, you know, surges we've seen. certainly the post-world war ii environment. and he is stepping on that by doing this. >> well look i agree with you obviously he and mccain really just didn't like each other to such a point he can't let it rest. some people would argue that mccain couldn't let it rest either. there is nothing to be gained by
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donald trump because what is done is done. agree with you, he should be on the economy 24/7. neil: i don't mean to badger the point, to make the point, going after kellyanne conway's husband, when kellyanne conway comes out to talk about it, she is defending the president on her husband, when the president goes after you know, republican icons, those who used to serve with him, while praising senator mccain in the case you just mentioned there, very, you know, with maybe the exception of senator isakson of georgia reluctant to take on this president because they don't want to be tweeted back at. i'm wondering if that is a constructive environment? >> well i think it is a constructive environment because 90% of the republican base likes donald trump of the as you point out the reason why they're staying silent is precisely there is nothing to gain by it. understand why the republican base likes donald trump. he has a backbone. yes, they don't always agree
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with his methods, but they believe he is fighting for them every single day. as such they will take it. we know politics, nobody will love every candidate unless you are yourself are the candidate on ticket. neil: that is very good point. you're not worried this is going to hurt him as the election season ensues, all of that? you are quite right to say, it was part and parcel of got him to the oval office and now defines his, his running the oval office but you don't think at this time it comes back to haunt him? >> trump's biggest worry in terms of seeking re-election in 2020, whether or not we have recession or major economic blip. that is bigger worry than say the russia probe or who the democrats field. if we do not and economy is relatively strong, he will be reelected. i do think very close, likely replay of 2016. neil: ford o'connell, thank you
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very much. >> thank you, neil. neil: we're up 175 points. very good day for technology stocks. apple leading the way here. key brokerage firm upping to a strong buy. the stock responding. micron technology, one of those semiconductor stocks benefiting from better than expected numbers. pretty good outlook. don't hear that all the time on technology giants. flip side what is going on with banking issues. economically sensitive issues. if we have a federal reserve that pauses, not necessarily to hike rates eventually or lower rates eventually, stays where we are, that would seem to indicate a slowdown or at least nothing to warrant lifting rates to respond to something stronger. they're not doing well. neither are a lot of housing-related issues. neither for that matter housing itself, especially on news that jumbo mortgages are rapidly slowing down. can you say that rapidly slowing down? how about slowing down a lot. after this.
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neil: here is what happens with tech stocks moving. we keep track who has higher market cap. for time being apple overtaken microsoft in market value. i think ahead of the big event monday. the big streaming announcement? she is here with me right now. our resident encyclopedia. john lonski from moody's fame. susan i brought you into the mix on this story. the market telling us one thing. >> bonds? neil: business roundtable guys, kind of intimating to the president, it's good. it won't be as good. >> yes. neil: we might see things slowing down. evidence of the bond market. 14 month lows on 10-year note. >> which is great for mortgages. 13-month low on 10 years. there is bifurcation. are we growing at 3% like 2018?
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probably not. if you check in the white house economic report, we'll cross 3% next year. no one believes that. neil: where do they get that from? you will have a weak first quarter, right? >> white house reports, economic reports of john lonski knows you basically factor in everything on the wish-list which probably won't come true. in 2% world, that is pretty much a trend we've seen for last decade. neil: what do you think? >> two 1/2% growth, nothing faster. one of the problems with today's economy, compared to the past, late 1990s. that was last time we grew four or five% on recurring basis. big difference back then the working age population, people 16 to 64 years of age growing by 2 1/2 million per year. neil: wow. >> it will be growing by 2019, 2020, working age population? 250,000. demographics, demographic change. neil: we can feel competitively
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secure, john. >> that is what we say. millenials are hungry. they're coming up quickly. we may have higher level of productivity but they -- >> whoa. that is not true. that makes for big difference. older economy, older workforce cannot grow that rapidly. neil: macro implications of that. susan, one thing that caught my eyes, jumbo mortgages. >> jumbo mortgages should explain. 700,000 and above. >> they're slowing. normally i just remember from the last housing meltdown it kind of started in that arena. i am pondering whether we're repeating something worrisome, what do you think? >> jumbo mortgages went up last 10 years for few years. we slipped a little bit past 12 months.
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we're down 10 or 12%. neil: isn't that 480 neck of the woods. >> pretty typical in expensive town like manhattan as you know. neil: more and more people, going to higher mortgages affordability. >> they tend to have these jumbo mortgages? where do they have expensive housing? in high-taxes states. all of sudden these would be homebuyers are discovering they will not get the same deductibility for state and local taxes they did in the past. so they're not going to buy that home until the price comes down. neil: you know. this is not an indictment of all of that? >> i don't think so. housing is slowing down but prices are still very high. we're still, i mean -- neil: mortgages rate are coming down. >> mortgage rates are coming down. average home is higher than 10 months ago than three or four years ago. finding right inventory price at the right amount. neil: issue, where the buyers
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are, right? up-and-coming, people like susan's age, they can't get in because a lot of homeowners aren't selling, right? >> she can't afford to pay those prices. that's why. you're exactly right. >> talk to them about a raise for me, john? >> come on. neil: do you worry about that, can't lock in to buy. or little bit. >> where are they buying? >> i think a lot of sellers are being very unrealistic what price the home will sell for eventually. neil: keep it on the market longer. >> you will find out it will sell for something considerably less than you thought would be the case. in part because we'll have all these people retiring, getting out of these high-taxed states, flooding some markets with unsold homes. people like susan will have a chance to buy a very nice, large home at a price considerably less than where it is today. >> because we're so productive in our millenial group maybe
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we'll find a way too. neil: when you talk, when you go out on the street, you've been to the exchange and all, the mood you hear, business roundtable guys bravely talking about eventually a recession. >> yeah. it is cyclical. neil: we never. we never see it until it is there. >> that's right. neil: what is the one thing they worry about? >> people talking to me about the 2.60 on 10-year yield. this doesn't work in optimistic world. neil: that has been the case for a while, right? >> that is the case for a while. 10-year treasury yield is approaching the federal funds rate. i hope this time around the fed will pull the trigger cutting interest rates once we begin to see an inverted yield curve. in the past they waited too long. now i hope they're not shy about moving quickly. neil: thank you, my friend. thank you, susan, very much.
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federal funds rate he alluded, overnight rate whoever verying 2 1/2%. with susan and john pointed out, 2.60, as close as you can get without being dead-even. for the market mark and economy a real problem. one democrat right now, not joe biden is attracting hollywood types in record numbers. does that mean anything? we think so. after this. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today.
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♪ neil: j.j. abrams hosting a fundraiser for kamala harris, right? a big obama donor reportedly putting money on beto o'rourke. this is getting attention. he says that joe biden might have fund-raising competition right now.
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that might be understaple this obama fund-raiser was very key to then senator obama in 2008. later on to president obama re-election effort in 2012. he is well-connected. what do we know? >> we know the democrats are scrambling around, neil, good to see you. who are the hollywood elite went three types with kamala harris. if they win they bet on president early. if she becomes vice president, they bet on the vice president early but if they spend early they bet on senator. no matter how you cut it it is easy sell for you. neil: this fund-raiser that will join camp with beto o'rourke, that guy was instrumental raising hundreds of thousands of dollars. he speaks for a movement that had a lot of passion behind it. when senator obama running against enormous odds to hillary
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clinton heavily favored to win. consensus, that is dangerous, always joe biden's nomination to lose. are you saying that the they're wrong about that, consensus likely wrong? >> it is so early right now. as you well know, neil, it is a year-and-a-half or so is a lifetime in politics. there may be front-runner. that could change very fast. everyone knows beto o'rourke has all the skillsets. he is very good what he does. very good at grassroots and small dollar fund-raising. neil: he is new, obviously national scene. maybe what might have worked in texas will be tougher to duplicate on national campaign. what do you look for who has momentum, all of that stuff? >> clearly two-man race for now,
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between biden and bernie sanders, but i expect beto to really play into this. i think people are very quick to watch us all the time, judge rapidly how someone is performing. american people are patient. make up their minds whether someone is presidential timber or not. i think he has a great chance to right some of the small errors so far and be one of the players in this deal. neil: i look at rollout, tentative, democratic rollout of primaries and caucus. i think a little after the first week in april, 72% of, not this april, but next april, 72% of the delicates are undecided. it will be a big field. someone gets 15% of the vote, they're included in capturing some of those delegates. between california front-loading and southern primaries in the early bunch could you see the
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possibility of a nominee already forming that early? >> you could see one of two scenarios. could you see a nominee former earlier. you could see a top three emerge, no one with possible chance. the field winnowing down very rapidly. could you have a crazy chaotic broker convention if nobody can get enough delegates to pull it off before the convention that would be really entertaining. neil: that is my prediction. you should run the other way. looking at the math. i'm a math guy. looking at the sheer number of candidates, most well-funded coming out of the gate, they can afford to stay in the race maybe longer than would be, you know usually the case and get to, and you know, make sure no one wins on the first go round? >> well there is going to be a lot of pigmies in the democratic field just like the republican field in 2016. they will hold on to whatever delegates they can secure, be a
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power broker at the convention. they all love to do that. i hope all the states moving up, many of them not being winner-take-all leads to a brokered convention. that is a lot more fun. neil: certainly builds the drama. we all like drama. george, thank you very much. good seeing you. >> you too, neil, thanks. neil: we've been telling you levi strauss surging big time in its debut but does that necessarily telegraph how it will go, lyft will go, uber will go, a host of others will go in the weeks and months ahead, these once long-stalled ipos take off. then what? after this.
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get started today at customink.com. neil: all right. if this is preview of coming attractions, count a lot of wall street guys who shepherd this process along for initial public offerings are saying keep it going. levi stress you are letting it go big-time today. the offering when they were shopping it around was ratcheted up to 70 bucks a share. a lot of people started scratching their heads thinking that is a bit rich. it is trading 32% above the offering. doesn't mean it stays there. a month from now it will be even be there. it's a sign for those waiting breathlessly for all these offerings to sort of get off the
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floor, including likes of uber and lyft, pinterest, some of these others. it's a good start. to market market watchers, gerrs and dan lee. what is the mood there now? >> i have to tell you, everybody was really excited about it. they liked the fact, how it opened, how it was embraced by investors, particularly institutional investors. there is a lot of demand. the ipo chute if you want to call it that was closed t was down a number of weeks, number of months. late last year. it was down the market was so volatile. earlier this year the government closed down you couldn't get ipo threw because you couldn't get through the sec. they were excited and prepped for this. this is not pets.com. this is not the ipo boom gone
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crazy. we are not there yet. neil: there is a track record, a long one, better than 125 year history there. so there might be some distinctions. how closely do you pay attention to initial market reception, mike, when you follow these companies that launch? obviously each is different but how do you play it? >> well, when you look at these companies, you want to see, if you're going to be involved in the ipo, trading on first day, obviously super close. but for investors like me, unless you're getting a huge allocation, some most likely not, you just watch and see, see how the market reacts overall. do you have facebook situation? rally a little bit in the first day. sells off dramatically? or do you have stocks that take off, kind of never look back, like google. one of the better ipos ever that came to market a little bit differently. i think all these unicorns coming to market is a wonderful
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sign. you're kind of seeing all this money been put into innovation. it's a good bellwether for the capital economy and and overall markets. neil: dan, levi situation, generously priced stock and debut, what does that tell you or are you worried about that? >> to me levi strauss is more of a value company, not a growth company. they're in the clothing industry and retail sales have been down. so i'm a little skeptical about the emphasis that the stock has jumped so much, people running to it like it as hot stock. it is not really a hot stock. neil: you think about it, retail index within the s&p 500, that is up 14, 15% clip, so that is a nice backdrop, right? >> it's a nice backdrop to sell shares of an ipo, absolutely. going forward they need to prove themselves with other clothing
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lines, not just the jeans, which they're doing with the women's wear and menswear. i think it was priced way over high-end of the range. it popped up on the open. we've seen this show before. they now need to prove themselves. investors should be aware the stock is not voting stock where they have control or say in the company. the family still controls that. so it is not a situation where i see it as a growth stock. i see it as a value stock. i see the stock after today, i would anticipate the stock would come in a little bit once the, once the excitement of buyers come in and shares are now held. then see it drift a little bit with the general market. neil: we should stress, gerri, you were reporting on this earlier. it's a limited offer. not like there are a ton of shares for everybody and the proverbial uncle. maybe that limits that impact, right? >> there are only 366 shares right, a small float at the end of the day. if you have interest in it, it pushes the share price higher. keep in mind the point was made
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at the end of the day this is really making the founders family wealthy. neil: absolutely. >> they're selling their shares. and family will have a huge voting margin. they will be able to control the company even so. i had a chance to ask the ceo about that. he said look, i have experienced management team. our board has a broad background. we're professionals running this company. but at the end of the day the family has big say what goes on at levis. neil: they do. if i can switch gears, talk about ford. it was doing very well for a while. all of sudden these reports that some of its explorers, maybe upwards 3,000 were leaking carbon monoxide. the company denied that. says there is no problem. common stories from frustrated owners raise concerns. when you get a story like that, hear a story like that, how do you play it? >> you look for movement in the
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stock. in terms of ford the stock has been a stick in the mud for the last few years. both automakers would have done pretty well in the economy but they overproduced and kind of underdeliverred and haven't really deployed the capital very efficiently. but, when a new story like this, if it hits the tape, the stock is not down dramatically like szaboing, it will be a little, we'll need a lot more to knock the company off the high horse, right? so you need this, has been happening since 2010. nobody's died. 3,000 cars. how many explorers made in the last decade? i don't think it is big news. maybe something to look out for coming forward. neil: to that point, things that can come up in the middle of something can make you question a stock, i don't want to hit you broadside, dan, we're learning something concerning facebook which can't seem to get out of its own could controversies.
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dow jones will notified hundreds of millions of users passwords were stored in readable format, accessible to employees in the internal data storage system. i don't know how many were contacted how much was compromised but they need this like a hole in the head. >> i heard the story break couple hours ago. i'm not on facebook. i don't like facebook. i remember came out as ipo the stock dropped. i think there are too many security concerns with people's private information and people put up too much information. neil: when it dropped into the low teens, if you dove in, gotten it then, even with today's selloff a minor one i might point out, you would be doing okay? >> i don't disagree with you on that of course. i think at that was way overpriced when it came out. but in the moment now, with all the cybersecurity and leaks and passwords and information,
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private information of people, in this day and age, i think is a tremendous issue, for this, this is another black eye for facebook that, why would you want to be giving people this information and having it accessible? you not having control? i worry about that. not just, not just with facebook. with all social media. neil: okay. we're watch it closely. this is coming, facebook notifying some of these rumors of compromised passwords were in fact, are in fact true. what is new now, is that hundreds of millions were sort of caught up in this. we'll have more after this. numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story.
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let's talk about thisd when we meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours. neil: welcome back, everybody. i neil cavuto could the dow was down 146 points by technology for one thing. apple and microtechnology in our big proponents say in the tech way the tech way of the time and nothing can dissuade us to think otherwise. by the way in that run-up, apple
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and microsoft is higher than microsoft. those two companies along with amazon are fighting for that honor. right now the gold is going to apple. the president is meeting with the business roundtable. these are the nations mightiest ceos. they represent sort of the big beneficiaries taxcutting regulation. they are just not going to be as great this year and will slow down next year and they are cutting back on your expansion with hiring plans to slow down a little bit and not maybe one of the reasons why the federal reserve decided to keep interest rates where they are and maybe for the entire year because you have interest rates at or near multi-month lows in the case of the tenure come a very crucial to the mortgage industry is now a 14 month low.
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could the president be facing headwinds of a potentially weakening economy. not a bad economy. just not as wrong as the one with gotten used to and could that be problematic. real clear politics associate editor amy stoddard or charlie gasparino greatness founder nick adams. yes the guy with unique texas accent. i always love having you on. the reviewer getting from these business guys is mr. president, we like what you've done. we think a lot of the juice may be running low. what do you think? >> that definitely seems to be the consensus. i'm hideously optimistic and i think the president has certainly got the right approach, the right people around him and i think this economy will continue to grow. we are witnessing an economic miracle. it's not an intentional, not accidental. it didn't just happen. we had the president come in with some really important effect given impactful changes and were all benefiting from it. neil: many agree with you on the left and the right.
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who wouldn't like low unemployment among this demographic groups with record high employment. a few steps on his message when he says gritty stuff about john mccain or kellyanne conway is a has-been. does it bother you and say come on. >> i think republicans whether elected, unelect and whether they're sitting at home i think this president has had personal feud all of his life. i don't think anybody is surprised by it. neil: he jumped the shark with the mccain remark appear to >> lacombe i certainly wouldn't have made him. i think republicans are focused on what he does, not what he says. neil: what do you think? >> i think republicans are very happy with his record on deregulation and certainly his economic record and where it's headed right now. there is a potential for voters
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in the middle that he needs to turn out for him staying home white working-class women. neil: today's salon will close the deal. that is not mathematically possible. >> is that the american cable association and talking to people they can't find enough people to do that sort of stuff. they pay them $20. i said they must have technical degrees like at least a high school. the economy is doing really well. but here is including many guys they are just worried that the sky is handing -- has this amazing economy that is handing the country over to the left because of his insane rhetoric and he just turns off so many people. neil: >> no question. the democratic party could
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easily reelect donald trump and they have this one last chance in the midterms. >> hard drive with the socialism stuff. >> they scare people into staying home. it did for hillary. it's not really devote that either side gets. joe biden gets never trump republicans. upon these candidates comes in and wants to abolish i.c.e., polish electoral college and do all these things and they seem like radicals and they scare people who might not vote for trump your those people will stay home, not vote for the democratic candidate. >> the only thing i would say his 3.5% unemployment. you know, and when you put trump up against sanders, he doesn't crush sanders, does he? [inaudible conversations] charlie: where does he lead on
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trump? neil: i just told you. charlie: i didn't hear. think about it this way. this is what scares republican money guys. tied with donald trump. >> i think that -- have a look at what the president has managed to accomplish. neil: you're in texas. because of how close he came to meeting ted cruz in texas. now people are saying that texas could turn in those 38 electoral votes. what you think? >> i think if you look at what the president's been able to accomplish coming ubiquity is done for america, this is a commonsense rescuer. charlie: do realize he would've done -- >> case of seven swimming upstream through niagara falls and he's making it. >> any republican would have done what he did. they would've cut regulations
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and taxes. he's adopting very modest republican measures. neil: well, the regulation stuff was unique. >> ever republican wanted less regulation. but they don't. they don't talk about kellyanne conway's marriage. neil: that's what they wanted to hear. here is what intrigues me about the whole thing. they are very popular with the party, but no one -- no one challenge senator isakson. he was one of the few that said go slow, really ripped the president on that. lindsey graham not so much defended john mccain's honor and all that, said nothing about the guy who is bashing him and then kellyanne conway who is actually i think i've decided the president. and i'm wondering why that is. are they afraid of a tweet storm back at them or what? >> whited kellyanne take the president side?
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charlie: yeah, why? neil: even i does something i don't think any normal human being would think that strong of a response. >> the trump conway thing is incredibly awkward and it's not comfortable to the mccain situation where mitt romney, martha mcsally, mitch mcconnell are all just trying to talk about how much they love john mccain but not saying please stop. you have to stop this. >> are they afraid of them? >> yes, yes. they were afraid he will turn on them in their facing primary voters before they face general election voters. >> clip, nsa some crazy stuff. don't take them on. leave it at that. >> i've got to be honest i think there is a huge part of the population out there that are conservative everyday americans that pump their fists every time this president treats something like that.
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i don't think they see it that way. >> that's like 38%. >> very possible. so many of them are downtrodden, have been silenced. neil: there might be more of them to your points and admitted to pollsters. >> i think they see this as the bully being punched in the nose. >> i was speaking to a friend of mine in the tea party movement and is engaged to a politician. he said that the talk radio commentary he is herein. he's doing stuff in colorado right now is very negative on the mccain staff. people that are natural trump supporters are like why are you going there. i'm just saying you can't win the general election with your base. you know that, i know that. neil: there's a third party that may be canned. i don't see it. >> of course there's a third-party spoiler. but if it's just two candidates. >> who stays home because
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they're frustrated. >> anything is possible. no beginnings of a downturn. mueller report, everything exonerates him. you could imagine. they make americans think it is a witchhunt. but a poll from three weeks ago said 63% of americans thought he committed crimes. you can grab any poll that you want. he galvanizes that. charlie: i think that paul is the 65% driving trump nuts. if you talk to anybody as inner circle or that was in his inner circle come if they say where his achilles' heel, they believe it's what was in the trump tower staff occurring with taxes and things of that nature. i don't know if mulder is going to go their full throttle. by the way -- neil: chris christie would be his biggest issue.
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>> predicted he would win the first time. for the second time. >> the polls had -- this is the weird thing. they're the popular vote pretty much down. what they did not have is the fluke in five states. neil: at least four of those industrial states -- this too could be fleeting. he is trailing right now. >> he was a lack did by 77,000 votes combined, two of which wisconsin and michigan jill stein's margin was material to his big three. 100,000 michiganders laughed because they couldn't vote for hillary. that is the definition of an inside story. >> it really was. karl rove went inside trading. what did he win by a texas? >> q1 fairly comfortably. >> to .6 i know you think is a
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fluke. texas was the lowest voter turnout in the country before someone's boss. if you woke up taxes, it potentially explodes the president's path. >> where the heck to get it. >> remember he had a bruising primary ted cruz which i think would've heard of a little bit. >> 2019 in texas. >> look what is up against when you really digested. booker, harris. >> i'm old enough to remember the challenge of bill clinton. we know what happened. charlie: say that again. which part? which part did they laugh at? >> none of those democrats had a chance against george bush senior. >> he did have 80% approval. >> and that was before ross
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perot really underscored -- neil: i'm just singing anything can happen. >> i think if they don't did right and they are asking to lose. charlie: if biden pics stacy abrams. neil: it looks little. >> the president wins by increased number electoral votes in 2020. neil: interesting. still can't figure that texas accent of yours. >> very deep south. southwest. neil: thank you very much. the president is going to be talking and signing this executive order on college campus free speech. you don't allow it maybe you don't get government funds. the lawyers are lining up to say you can't do that. but he has. more after this. i knew about the tremors.
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neil: all right, in britain may just split the difference between working with britain and right now brussels epicenter of the european union expect you to agree to extend the brexit deadline to may 22nd now. march 29th was supposed to be the separation date. it will now be may 22nd, assuming that's okay. right now the middle ground was may 22nd. they were going to push it off extreme to the end of june. some are saying maybe the fall. the middleground seems to be that. we'll see how that is all taken in. meanwhile, students speak out. the president expected to sign executive order today available for us free speech and he says is jeopardized. if you have a conservative point
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of view on campus. campos performed onboard says that school should be accountable for restricting speech, especially the restrictions and sometimes the violence against those who are more conservative. i met him a very good to have you. >> great to be here. neil: a lot of the schools respond to strong arm of the government and we don't like it. >> it's really hilarious that schools are already starting to respond this way because they don't seem to care that much about the constitution until they actually have to follow it. they loved government, government funding and what it tells people what to do. we are still waiting on a lot of details about this executive order so i can't speak to the exact details of what will be in the text of this. i will say working at the leadership reform we've been reporting for the last decade to rights have been trampled by universities and some sort of action is very much necessary.
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>> i don't think you have to have political bias one way or the other it's another college campuses are not exactly bastions of conservative and they lean left. you should know that going through school and through the experience of god. but it tips the scale when they stop allowing conservative speakers. they don't want to hear that insane punches as recently the case a few months back someone with conservative literature. then they jumped the proverbial shark. >> we been reporting this for such a long time. there were students because they attended a conservative event and were assaulted with a five hole pepper sprayed in the face. unit leaders who have faced to resign for using the term illegal alien for mankind. there are so many examples here and just the longest track
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record of schools stepping on students freedom of speech, some sort of action is definitely necessary and it will be interesting to see how they react to this because as we know we get the schools $25 billion in federal research funding every single year and that is from a recent campus reform report which is published. so we are holding them accountable for the dollars we give them as taxpayers. neil: but how do you prove it? a kid who's not able to get his paper approved, got a bad grade in the class or a speaker who is suddenly disinvited. the school usually falls back and we were concerned for kid security when there was a dustup over inviting said conservative speakers. how do you enforce this measure? >> it will be interesting to see how this looks to enforce it. the number one thing we can do is to hold schools accountable and that's why we report on college campus to hold these accountable that they are
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stepping on students rights. people need to know what they're doing. this order if its sweeping and it does protect the first amendment will be a good thing for conservatives and liberal students alike. having a dialogue and freedom of speech on campus serves all different perspectives because you learn how to engage with ideas you disagree with, defend what you believe defend what she believed then and this will lead informed electorate. neil: i think it's whether liberal or conservative should be free to express however they feel that applies just as much to the left wing and everyone in between they are not threatened with bad grades were worse. i think all is well and good. it gets murky when that doesn't happen. >> absolutely. neil: i thought it was somewhat profound. thank you very much. watching very closely the
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president is expected to sign this order today. lawyer signing up saying he can't do that. in the meantime, twitter is admitting a shot of ben of conservative commentator. what does a shot of the ending? this is something more common than you think. no one is watching you and everything is fine until you realize you are in a world of your own. after this. n worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠
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their background and affiliation to sean davis himself. how did you pick up on this? >> i picked up it by random chance. i glanced at my timeline and realistic portion of testimony from lisa page testimony before congress was not getting engagement. i opened up the link and thought that was weird and ended up opening it when i was logged out to discover the link was dead. the tweets no longer existed, yet when you looked at it, it was fair like i was shouting into the wind although i made dolls. neil: so you pick up on that going further than most users would. no one is paying attention to me today and they would've left it at that. what is a company tell you right after that? we would've seen twitter statement. how do we see what is going on? >> almost a week went by before i got any message from them. i posted a screenshot on my
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twitter account where they said we strive to make sure people are saved in mistakenly remove some of your content and that was there. i was never given an explanation. i was never told that the timeline. i was never given a warning. this is just a simple statement summarizing testimony from a congressional witness. there was nothing controversial >> in the past or done anything that has prompted any action, any silencing. >> never. what you think was going on and what you think you were targeted? >> what a fine more concerning for something i said was the fact that they allow the content to be viewable to me while disappearing forever announced. to deceive someone. it could be purely accidental, but that is what caught my
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attention that they thought alright were going to emulate this guy. and do something about it. but i wonder if this is played out elsewhere. >> i was the concern i had. the reason i was able to notice it is either begin a following, a big enough platform wherein people are responding to something everett i can notice it because of a baseline level of engagement that are usually see. for most people work regular jobs and regular jobs and a hot one twitter every now and again with a hundred followers entry. they don't have that they have that baseline to judge brown. neil: if they were really good at this they would've found a way to get big responses to you. that's really awful of me to even intimate that. that was how they did it, right? >> the problem is that the private company that can handle its users or accounts however it
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wants. other social media giants which have done similar things like facebook and google are protected by federal law. they have an exemption in there that says that they're neutral platforms for content they can be held liable for what third parties put on their platform. so they could exempt from a whole bunch of liability. they're immune from certain suits but it relies on them for being actual neutral platforms. what we see over and over again is there not neutral. they are putting their thumbs on the scale come using algorithm to hide content and the need to pick and choose other a want the safe harbors or want to be a content provider that controls the conversation. neil: good for you. you don't have to be on the right or left to convince someone to something that wasn't spelling right. remind me not to mess with you, sean. thank you very much. very good having you. andrew napolitano here. >> i think he has a cause of action. look, they can discriminate. they are not regulated by the first amendment but they have to
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do so in an honest way. they can't commit an act of fraud. >> ostracizing to make them think -- >> correct, correct. it would be like gasparino somehow blocking my voice every time i was on their end of my voice is getting out there. neil: he does that all the time. >> for the way they treated him. not for the content-based blocking of him, but for the fraud they committed on him. neil: i have no technology behind this, but trying to get the company the benefit of the doubt, as a possible in mocking him down and keeping his ability to think he wasn't being locked down that they would not be aware of that, that there was something special going on here at all. >> then it's an act of negligence. as a simple negligence or gross negligence. other reports of it, corrected as soon as they found out about it. >> every one of these guys
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referred back to the algorithms, special means. >> and they want to block alex jones because they think what he says is terrific they can do it. but they can't do it in such a way that they're not being honest with him and their blocking him. neil: what do you mean honest? they can do that. the way they too can begin him to believe he was still on whether intentional renée cochin pistil committed an act of fraud. what is their culpability? neil: let me switch gears a little bit. executive order later on to demand free speech on college campuses where he says the writer conservative opinion is just being dismissed as not violently opposed. does he have the power to do that? and then how do you enforce it? he has whatever executive order he wants as we know. it is ill in eyes that unconstitutional and extremely
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dangerous. it is ill advised because do we want the federal government deciding what is fair and what is not fair. neil: how do you judge that? >> you can't really. the government bureaucrats going to look at textbooks and the size and the ease with which they got there. >> it does routinely happen and they are disinvited because they cause a big rockets. but how do you rectify it? >> conservatives know how to get their message out there. they don't need the federal government. neil: they say they don't have that remedy in a lot of campuses today. >> a print and university as an example private school, private real estate a lot of money for the government and agrees to abide by the bill of rights wants to spin things in favor of the liberal side i think they could do that. even if they shouldn't do it, what is worse is government
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inspectors on campus monitoring that span. that's the last thing we want. ideas should rise or fall according to whether they are accepted in the marketplace of ideas in accordance with what the government thinks is the volume or frequency with which they are being expressed. neil: jamaican distinction? >> yes it's very different. neil: princeton can do whatever they want. >> my blue collar friends can appear them to get killed for saying that. neil: now, get what you're saying. it is weird and i don't think they're going to sell it on executive order. a lot more on this including some news on starbucks. a real big jolt after this.
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reporter: welcome back to
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"cavuto: coast to coast." i'm gerri willis in the floor of the new york stock exchange. starting the company's suite of products and services that keep customers coming back. the analyst cited this weekend including an upgraded ipad mini air pods and i patted her reporting that the company's highly anticipated march 25th announcement will include news the company has negotiated the streaming services with media company. upgrading the typical starbucks store and just be in a third place for people to spend time on convenience, comfort and connection. to that end it may offer different in the same neighborhood. starbucks has 30,000 stores in the shares are higher. back to you. >> will watch that one closely. but mike, all that stuff escalating doesn't go away. water, not water. i have no idea.
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alicia acuna does in colorado with the latest. >> mike emanuel. you remember this whole fight between bud lite in court site they been fighting forever but it really escalated during the super bowl. remember this? >> to be clear, and -- >> it owns coors light push back on twitter with a full-page ad pointing out corn syrup is used in the fermentation process. not the final product in the industry was like what the heck. anheuser-busch followed up with cities around the country they read in succession coors light uses corn syrup. a byte we don't. 100% less corn syrup than coors light. they were also placed in the heart of coors country leading firm golden colorado to denver
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while miller courts also spotlight is living in a fantasyland. this week dropped out to show actors play in the bud lite night and prisoners walking up the commercials with the miller light. anheuser-busch says they want to know what's in there during. >> if you look past the food and beverage there's an expectation on ingredient transparency. we think is a little bit behind. this is not about transparency which i know is their mantra. this is a marketing ploy by bud lite and it's not working. reporter: here's the thing. the industry as a whole is struggling in critics inside the beverage world say this is a distraction from a very real problem. take a look at these numbers. according to the distilled spirits council in 2018, and beer was 45.5% in 199. it was 56%. right now it is hard liquor and wine that are winning the market. they have a big problem on their
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hands. neil: much ado about an issue that is far bigger here. thank you very much, alicia. the campaign that authority gone full throttle and someone trying to help her knee. does bernie look worried? 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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>> we the people of america, not democrats, not republicans, all of us need to make sure we have guaranteed high-quality universal health care. [applause] neil: you know, just know, just close your eyes and look in, you know, just hearing that. bernie sanders questioned us. forget about in 2016. he was talking about decades ago. it is a new generation who are pushing essentially that right now including universal health care and the rest to new hampshire-based political reporter paul steinhauser on how reporters ours wanting to all of this. what is interesting is this was pretty much bernie sanders territory and his alone. i know a lot of people are spouting the same message. what you make of that? >> you're absolutely right.
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in 2016 when bernie sanders is bringing issues up like medicare for all, free tuition at community colleges and four-year public institutions, that was considered the extreme of the party. now because the bernie sanders is part of the mainstream policy for the democratic party of them we are up to 15 now for the democratic nomination. a lot of them are saying the exact same things. beto o'rourke has been in my state, new hampshire the last couple days than he is in saying a lot of the same things, pushing a lot of the same agenda that bernie sanders made very popular and very mainstream four years ago. i had a chance to ask someone the other night about unionizing a lot of this campaign. something for his answers didn't at the beginning of the week. that is fine with him if his campaign wants to unionize go ahead. another case of these candidates copied in many ways of bernie sanders is doing.
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neil: who has the edge right now in your state? you would think bernie sanders is given the proximity, maybe elizabeth warren. polls seem to show bernie sanders and joe biden fighting it out way too early. what do you think? >> we got a least a little over 10 months to go until the primary here. that is why you're seeing joe biden, the former vice president who sources say is likely to get into the race in a week or two in bernie sanders at the top of the poll. it makes sense. everybody knows him. elizabeth warren is a known fact there and let's be honest, i'm beto o'rourke is changing the race. he's had a strong weeks in the amount of iowa, new hampshire and other states. the raise that figure of campaign cash. keep your eyes on beto o'rourke because this could shake things out. >> with running mate the former
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georgia senatorial candidate. does that make him look as he strained to nail this down early or does it make him look more to in your state? >> a little bit of both. obviously the two met last week and sources say that the conversation that came out. joe biden is 76 years old. somebody who is 30 years younger than him come a person of color on the ticket and maybe that makes joe biden more. neil: a lot of people don't know her from the church are raised and that's going to be open season people are going to examine the background assiduous way. >> there's a lot of pluses in a lot of minuses to this. is joe biden does lock up the nomination after the primaries, normally that's when you want to name a running mate. the verdict on monday year before. there's some plus to this 10 minus two this if this is what happens. it is a conversation they are
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having right now. neil: is that your sense right now that beto o'rourke, the momentum you talk about, following the money is there. that is not a media fixation. that is a legitimate obviously when you raise that kind of money they're sent into that. >> yeah, he's number one money getter right now. six by $1 million be no bernie sanders for the top spot. besides the money you're seeing a big crowd and a lot of enthusiasm. all these candidates have pretty much the same stance on the issues. in the eyes of voters here in new hampshire and elsewhere, a lot of other factors. if you're generating buzz he is. neil: paul, thank you very much. good catching up with you. neil: levi strauss surgeon and as he appeared a lot of people look at that and they that is
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just what this bull market needs. or is it in and design of the bull market it was. after this.
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>> not really controversial to say our debt can't grow faster than our economy indefinitely. that is something it is doing. this we'll have to deal with. we can't lose sight of that. i would like to see greater focus over time. neil: no matter how many times the fed chair talks about it or government rabble-rouser it is ignored. nobody does anything about it, thinking this too shall pass. it doesn't pass, 22, 23, what will it be 10 years from now, 32, $32 trillion? we have dan mitchell. real clear markets editor john tami, and katherine rooney veer a. one of the things i noticed, no
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one cares about the debt, response and questioning, very little to do about the debt because no one cares. i'm wondering how can we possibly address a problem folks collectively don't view as a problem or dismiss? >> right, neil. let's ask paul ryan how that went for him. he was only one who tackled issue. only one to talked about it. he is out. neil: as you know, you're so good at it, he was just talking about curtailing growth of medicare, not cut it. slow its growth. he was flinging granny off a cliff. >> he was crucified. that wheelchair throwing granny off a cliff in the cartoon. that was to reform programs completely out of control, effectively a ponzi scheme. i don't count on social security. i am no one in the audience should count on social security. it will not be there. this is 2/3 of spending goes to mandatory spending. almost a joke to me when we talk
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about the budget battles. the budget battles we're fighting over insignificant portion of the massive government spending. entitlement programs, social programs, have to be reformed for their own survival. neil: you know, whether you want to talk about means testing john tamny, you want to talk about grandfathering in some changes, you know, so that everyone is protected if that is your ultimate goal, we can do this. but, woe to the politician that even attempts, right? >> i don't know why they're talking about it. to be clear about the deficit hawks in our midst they predicted 168 of the last zero crises. the reality is that markets mock all this alarmism about the deficit. yield on 10-year treasury, 40 years ago was 11%. now it is 2 1/2%. markets are confident in the ability of the government to pay this money back. neil: eventually, eventually the government won't be able to do that despite their confidence. >> markets don't agree.
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the much bigger tragedy is the government spending that signals how much control politicians have over the economy. i would prefer annual deficit one trillion on 1.5 trillion in spending over balanced budget of 4 trillion. spending is what matters. how they attain money to waste is immaterial. markets agree with him. neil: markets say no one will do anything about this. we don't care, won't be a big deal to do anything about it, dan but i'm wondering what the implication is? markets that didn't see a lot of things coming would miss that, what do you think? >> let me give you an example from greece. i just went through the imf's global economic database this morning. between 1980 and 2008, right before their crisis, inflation rate was 11 1/2%. this is nominal dollars. their economy was 13 1/2%. a little bit of real growth. here is the key thing. government spending grew 17% a year.
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the debt grew 21% a year. so powell is right. you can't have debt grow faster than economy forever. john is right, debt is simply fact politicians spend too much money. we need a spending cap like switzerland. neil: our only defense, we can print money here to avoid such a catastrophe but i wouldn't rest my laurels on that, would you? >> no, neil. the fact is that the u.s. desperately needs to rein in spending. at some point we'll have medicare, medicaid, social security, interest payments on debt in the very near term consume 100% of revenues. the point here what goes against us our own success with a deep liquid u.s. treasury market. until there is alternative there will not be a crisis. i agree with your guests. market doesn't care. the treasury market is deep and liquid. china has no other place to put all the surplus except in
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treasurys. neil: wish we had more time. very good argument. that will bedevil washington in years to come. markets have funny way of showing it. interest rates at 14-month low. now to charles payne. charles: i appreciate it. i'm charles payne. this is "making money." coming up in a little more than an hour from now president trump will sign an executive order to protect conservative voices across college campuses in this country. tying federal grants to free speech. market names getting boost from the fed with monster upgrade. apple lifting the market. there are concerns after the federal reserve dramatic change of heart on rate hikes. is the fed's action too dramatic? i have an amazing panel weighing on that. the midwest starts cleanup efforts after catastrophic

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