tv Cashin In FOX News March 10, 2012 8:30am-9:00am PST
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tock rises a. no dennis is right. and concern about the operating expenses. >> and here is the magazine. go out and buy it that's it for forbes on fox. keep it right here for the number one business block with cheryl casone and carbin' in. >> and forget the health and bad credit can cost you a job. more employers are checking in the credit history of the folks applying for work and number ofitates putting a limit on this practice. businesses say it is essential to making a good hire. >> we have wayne rogers and john layfield . joining us fox news contributor sally. >> and do you think it is fair
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game or not credit checks? >> cheryl, a job is between the employer and employee and the government has nothing to do with it. laws like this are laws that tell you how to use your mind and think and how to judge somebody and invest your own money. what if someone comes in and unclean clothes and e smelling like urin. >> it is a assault on people's mind and stricken from the record. >> i don't know about the smell test on interviewing candidates. the point is look, we want quality candidates and if you have that that is a moral issue. >> i disagree completely. there are so many reasons your credit being be a mess. i didn't have credit prior to being divorced and as a result i wouldn't have gotten a job if you ran a credit check on me. the notion of going into my
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background and none of its business and determining if i can fulfill a job is ludicrous. >> they don't do it on all candidates. and there is a federal law in the books but it is not effective we need stronger federal law or the states act here. i agree with tracey. and some jobs it matters. >> and you are handling money i think smells like urin in the sad economy where people may have troubled credit records because of losing their yobs and fallen on tough times that we are stopping job growth and stop helping people get back on their feet because of arbitrary numbers that. is sad and we should do everything we can to make sure it doesn't happen. >> wayne, 90 percent say it is
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- 9 percent say it is not important. that means noppercent are on the other side. of course, the government is over reach e reaching. if i am an employer, i had use the tools i need to interview somebody whatever it might be. it is a personal response to pake a yob. and if a person is not qualified. i are to make that j. and i am judged by somebody who is employing me. what about freedom of businesses to hire who and how they want. if they want to look at people's credit that is their right. if i am hiring an accountant. i want to know if they walked away from theirr car note or
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home loan. i want to know the credit history. you can't do it according to the law. look at deshin amendment and said to financials. you can't look to other credit bureaus and 1.6 trillion came out of the credit because of this because you can't check on it. scame thing with insurance. a person has cancer you have to take them. it is overreaching on everything they are doing. let's go back to the founding principles. look out for the common good and in a moment like read the founding. it is in the declaration of independence. i don't know if you. >> i have to hire you for a yob if you can't balance a
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checkbook. that's what it comes down. >> it is a perptinent of the job work it is what the employer looks at. if i am hiring you to stock shelve or a public school or private school teacher it will hurt recovery. >> that's the whole point. that's the point we are making that you as the employer get to make that decision and use your own mind and make that decision . for a government to tell you how to think and evaluate and judge is a blaitantly irresponsible form of government and attack on people's minds and ability to think. >> what about tracey's point regard to divorce and other thing that is affect your credit rating. this particular way you evaluate is unfair is what tracey is saying. >> i don't think that is anybody's business. what i do in my personal life is not the government's business and between me and my
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amer listen for all i know fox has us all investigate oh, my goodness. we have you people . that's crazy. government should be out of this. if they want to check my credit i am happy for them. they can do whatever they are. if i am employed by them it is between me and them. in they don't like it fine, goodbye. >> cashin' in crew investigated. >> and look. if i am hiring machine to deal with finance. i should be able to check in the credit history x. whether you read the bill of rights has nothing to do with the foundings of this country. if we are hiring machine to be an accountant check in the background and they don't like it. go somewhere else it doesn't stop job growth. >> i think it is an invasion of privacy. you could be carrying
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something from an exspouse and many people don't know what is on their credit report. and pull it up for the first time can at a don't get a job and not to mention every time it is pulled up it is a ding against your credit. you are killing it just by me going on interviews. and you are applying for more and more jobs. put people and their yobs first and start thinking about what is good for the economy and not this invasion of privacy. >> johnathon. that is a fair point. every time your credit is pulled it makes a ding. and issues that people can't control here. >> if people have bad credit they have something to do with it and the reputation means a lot. that's why people go to great lengths to correct it and make it reflect reality. if machine has ebay rating or
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credit report an employer would be an idiot not to take that in to consideration. >> yawn thon who is on angie's list for something. very fun. i am going to look it up. coming up. lawmakers think they found a bogey man behind the high gas prices. wall street. and said they should look closer to home. entitlement education . our guys are getting colleges free for everyone. a failing grade.
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they are the only ones with a lower approval rating than the politician. that is what they are doing now. we are the only country without a energy policy. china goes from four million and nine million and india to 15 million. we are stuck at 86 million barrels to produce. that is a problem with oil prices and the fact that israel has no frend in the the middle east and ichy finger and that's why we don't have a energy policy. not speculators. >> wayne, simply supply and demand. >> a trade is a trade. member is lose winning. if i sell at one price and decided that that is my profit. it is really the congress. in 1990s we had eight major oil companies and down to four now. and it is the same thing before. big oil and big government and
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they are competting to bribe the congress to get favors and it is not anything to do with speculation and the democrats yust voted down the keystone pipe line. we want high oil price and they don't pass the keystone pipe line to relieve part of it. >> sally, this is what they say about 23 senators and 45 house members. basically they should stop dragging their feet to investigate oil speculation in the market yet it was investigated several typings. >> yeah, look. we don't have time for all of this. first of all domestic production in the united states is high. and according to transcanada own permit application it would raise. >> come ocome on. >> and it is in there.
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and it is in their permit by depleting the reserves x. the fed did a study 15 percent. it is not over whelming . they are accounted for by speculators and the bigger problem is all of the rattling with respect to iran and a lot of the republican candidates are trying to trump up so they will drive up gas prices to blame the president. >> he believed that speculation was driving it higher 30 percent. that is surprises me that he would say that. >> cheryl speculation is slur term for. that's what it is. we make speculations every day. we use gas and oil . thinking it helps our lives and when we see a potential war in the middle east and administration that is hostile and dem- gog the fossil fuel
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industry and lessening the value of the dollar, a lot of us who value gas and oil actually peculate the prices are going up. begin the administration they probably are. >> but here cheryl. first of all. there is no proof of any speculation ever. every time they try to investigate and the oil market trades on the future. it is a future market. what is the market tell us. they are unsure about what the administration is doing. uncertainty because of no energy plan and they can't handle iran to save their lives and we don't know where gas prices are going and how it affects the over all economy. the administration is laughable at best and we are going to see five dollar gallon gas way sooner. and sally to her point. as a business network what tracey is saying is going to be true. we are looking at five bucks a gallon. >> it is funny, we know or at
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least reasonable people. heck, the former economist of the oil industry lobby firm said there is nothing that the administration can do in the short term to address gas prices and what they do on iran. and back in 2008. president obama stood in michigan and said i am going to fix our energy problem hoar in the united states and he did nothing. >> johnathon, this is a business story and what tracey plan is, this is futures. they are trading oil futures. and we don't know what the future hold in the the middle east. >> who accounts for the trading. is it the speculators? no it is commercial users of
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the commodity itself. you say what the president should do about gas prices. start thanking them. they are bringing the message to the market. >> i love it. >> the problem is not speculators and we can't prove but we should thank them. >> yes, thank them. >> it is. (talking all at once.) it is an investigation. and coming up everybody. as students, up in arms over the rising tuition. new push to make college free. will this free education cost america its future? or high comm. i'm making the most of my money. and seven-dollar trades are just the start. i'm with scottrade. i'm with scottrade. i'm with scottrade. and i'm loving every minute of it. [ rodger riney ] at scottrade, we give you commission-free etfs, no-fee iras and more.
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romney and gingrich and sant sant are navigating the strat knowledgey even as caucaus goers weigh in on presidential contest. alabama and mississippi holding primaries on tuesday. we'll talk to mississippi governor and romney supporter. president obama and republicans are taking swipes over the energy and gasoline policy today. in the weekly address president obama said the country can't drill our way to lower gas prices . the gop calls out the president for delaying the key stone oil pipe project. and making head way in identifying the man who stabbed a judge and shot a deputy with her own gun.
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we'll have more in the top of the hour. . thank you. >> who ever said nothing in life was free might want to go to michigan. lawmakers are promising free college for all who graduate high school and say it will not cost taxpayers a dime. tracey, you say this will kill the drive the kids had. >> first of all, michigan is sending notes to parents to send in toilet paper because they are so broke. where is the drive and incentive to want to graduate. why go to high school if all you have to do is graduate. why bother and i will get cent to college. not every kid should be in college. we need people to do other things than astrophysicings it is a silly idea and we can't afford it. >> wayne, you get it paid for if you make it in?
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>> i don't think it is a question of that. there is not a college in the opportunity united states that you can't get in. 50 percent of the student in ivy league and princeton and harvard are on student aid. if you want to go, it will get paid for by somebody else in most cases and you will get it free anyway. we have free public education in secondary school and look what a mess that is. if you want to legislate this ina a form or fashion it is insane. >> sally, do you think it would stop kids from push working hard in >> no. wayne, you are respected but oust touch. and girl, there are many kids who qualify to go to college and work hard to get in and their choices of the colleges to attend are made by the schools they can afford. they go to community colleges and what not.
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>> it doesn't mean the community colleges are bad? >> all of the other colleges are bad? >> no, i am saying that if you decision is drin by what they get and not finances you are not in touch with reality. >> i didn't say that. you are saying that i said that. >> they are concerned about the motivation make the junior high kids weep floors and so they can appreciate being in school. and johnathon. student loans. >> and i understand it, cheryl one in four of those is past due. and in fact, there is much written about the student loan bubble that is occurred in this country as government has gotten more involved in it. any first year economic's kid would tell you the basic that there is no free lunch. government say we'll give it for free. beyond that is force.
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they will take money from certain people and give it to others who haven't earned it and right to college education and right to health care and job. there is no such thing. >> you like it or hate it >> it is out of the touch and not going to work. there are five cities including detroit that are about to be taken in receivorship. they can't pay the firefighters and teachers in public school or police they have. they don't have the money to do this. it is a pie in the chi on dream. like get the rich kid toz pay for it. >> i like the idea of free pizza. but sally thank you for joining us this week. >> coming up. first we are paying these company to go green and now paying them not to. getting grime from deep inside grout takes the right tools,
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>> peyton man he might to go to the jets . man nothing new york city . papa johns would love it he endorses. >> he's going to arizona ain't going to happen. >> and tracey. hey are subsidized by taxpayer dollars . now they are making too much and we are paying them to shut down . what the heck is going on out there. >> wayne roggers. >> i like star bucks and own the tock and came out with the announcement with the single cup mccoffee to the green mountain and bumped up a couple of points and i like it. >> johnathon. >> we have a nine percent dividend and trades times earnings and feels like reesedid back in the early 2000 and overlooked by folks . i think it goes higher from here. >> thank you very much. >> quick programming
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