>>. cuts of this size made this quickly, can lose jobs and slow the growth of the economy. >> sequestration is going to get worse. >> there is only one way to truly fix the sequester and that is replacing it before it causes further damage. >> neil: so much for further damage. i'm neil cavuto. on top of the economy, apparently laughing in the face of all that sequestration devastation. those $85 billion in automatic spending cuts, not cutting into the job market, not by a long shot. 165,000 jobs were added in april. get this -- the two prior months were revised to show hundred thousand more americans working

than originally report. so what to make of that sequestration once again. especially since we didn't see any of it at all. to our panel. charles payne, what do you think. >> it's about time, first before we start. someone in washington needs to start reminding americans how great this country is. every time i see this, 80 pound weak link we are an amazing country. last thing that is going to hurt us is having the government having some sort of fiscal restraint. what is going to hurt us is higher taxes, 2% how onerous this is, the household debt is $1.3 trillion the hard way. >> neil: it is interesting that march and april, two months which the sequestration effects were in, not much pain at all. >> no, not at all and for

february and march, the jobs numbers were revised higher, 114,000. 332,000 jobs created in the month of february. it shows that democrats and republican politicians will say anything even if they know it's not true to get what they want. i wanted to point out in items of all the policy uncertainty in the last couple of years, vanguard ceo wrote an op-ed in the "wall street journal" that said $261 billion has been taken out of this economy because of uncertainty. that is $800 per person. so washington needs to do something wrong run, i don't know what will. >> neil: ben stein, there are a lot of things affecting investors' moods. what do you think of the sequester cuts? >> investors are a buoyant

upbeat mood. we love it when that happens. but we don't know what the jobs picture would have looked like without the sequestration. maybe there would have been more jobs. not so much of the jobs picture the defense picture, mccain all the heads of uniformed services they can't defend the country with the sequestration. if that is true, it's serious. . >> i want to applaud charles' optimism. a huge pat on the back for me. >> i do point out things when bad as well. [ laughter ] >> neil: go ahead. >> ben stole some of my thunder because we have to be statistically fair here. if the sequestration hent happened there could be greater job creation but the point is

the economy is doing fairly well. hurray for our economy. the sequestration has been terrible policy. remember, many of the effects have been on furloughs and not job eliminations so those wouldn't get counted as job losses. >> the real point, adam, we didn't crash and burn. because that is what we were promised. the fact is it wasn't an unmitigated disaster. >> neil: i think to the point the way the sequestration cuts were greeted -- i don't deny the impact they had on the defense industry -- in the scheme of things, $85 billion which is really half of that and most of it over ten years, if we're to the point where that gets to be so arduous and onerous in a $3.8 trillion budget and $17 trillion debt we will never get serious

about anything. my only issue with raising it and the markets apparently blase reaction to it, we shouldn't be afraid to cut. >> we will experience some pain, but if it is done well and right it doesn't have to be bad. >> neil: not the cuts were ideal. to steal a line from mitt romney inelegant at best. >> what is going to be more painful than this, this is bad policy just because the cuts were willy-nilly, but more painful you wake up and interest rates have skyrocketed and you are having trouble making the payments on the interest payments on your debt. people act like that will never happen. it can and very might will. >> neil: go ahead, adam. >> i will jump over to the other side of this argument which is to say there is something constructive here. none of us, we don't like the way this happened, but the fact

happened originally, sequestration scheme was bipartisan. the whole congress agreed to it. if we can't get a budget by this time. it ended up we are having a constructive debate about cutting the budget in a way we have to cut it. i applaud that. i think that is worth doing. >> neil: the debate is sort of like a constructive resolution, unless you act on it. you are still fat -- not you. >> i'm puz 8d -- my heartthrob da given with the connection with higher interest rates. i would love if you would explain that. >> the sequestration, my point is people don't like the way the cuts went into place, ben. the government will be forced to really seriously and deeply cut if we don't deal with this debt

sooner rather than later. we could be hit with a sudden spike in interest rates that could force -- >> the dollar would be impacted and interest rates would be skyrocketing. >> cost of debt fixed by the federal reserve. >> neil: what if all of a sudden switched and we had no resolve and no spending resolve and all of a sudden the gig is up and interest rates skyrocket. >> right. >> the federal reserve can fix prices of interest. >> neil: but letting things slip away and the game is over, it's like waiting moment. >> but it is a fixed price. and interest rates will rise a lot whether there is an

sequestration or not. >> neil: i don't want to get too academic but i do think you are right, dagen. if we find out that the cuts like this aren't that bad a risk. we feel and have the gumption to do more cuts down the road. but to his pointed, charles, if we don't based in our system will erode. i think interest rates will rise. >> we are talking about the stock market is a proxy on this thing. difficult period in the last three years was the debt ceiling debate. it was resolved but the fact of the matter is, the world saw us as not being able to fix something that should have been fixable. to dagen's point, if we don't have the ability to do 2% now, and ultimately it's going to have to be 10%, imagine what our debt rating will be? it wouldn't be pretty. >> i don't have as much faith in

ben as the federal reserve. i i worry very much they could turn on a dime and interest rates could skyrocket and very quickly. >> neil: what happened with you and ben. is the love gone? >> not at all. not at all. >> neil: from april showers to may snow, the midwest is getting a whiteout, some are saying a snow job? >> i would like to see the effects of global warming. >> i got an inside tip it's all a bunch of cras. i had enough of feeling embarrassed about my skin.

[ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer through 6 months. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events, including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if you have symptoms such as persistent fever, bruising, bleeding, or paleness. if you've had enough, ask your dermatologist about enbrel.

>>. live from america news headquarters, i'm art art. fire crews in southern california getting some help from mother nature right now. moist, cool weather helping to contain five active wildfires, still, one near los angeles already scorching an area twice the size of manhattan. hundreds of people were forced

to evacuate. at least 4 --4,000 homes now in danger. >> new details in the terror attack at our consulate in benghazi. we are learning the names of three whistleblowers set to testimony next week. we're told to dppt new information about the deadly attack that killed four americans including our u.s. ambassador. i'm arthel nevil. get you back to "cavuto on business". meanwhile, go to foxnews.com for all the headlines. ♪ ♪ >> neil: think you are looking at winter wonderland. think again, its spring wonderland. everybody is wondering what happened to it. the storm ripping through the midwest continues the theme that already is making this about the coldest spring on record thus far. families are looking at soaring

heating bills as it is. and white house holding a public hearing on new proposed fuel rules for global warming. consumers it will cost big time. >> i really think it's up. the interesting things. contradictions from the administration. they invest a lot of money into electric cars and stuff like this. by the same token they are talking about slowing down fracking. natural gas prices will go up. we're buy more coal. how about this contradiction. you got the electric cars but you also pushing higher standards. people are going out and regular car can get -- it's nutty thing. other thing called cold weather. that puts a little bit of kabash in my mind. >> you don't see to like this

very much. dagen? >> i think there is a fixation by some in the white house with forcing americans to drive their cars and behave the way they think we should behave. drive carts they want us to drive. that is the only way that this new epa regulations that trying to push in no fault legislation. would it drive gas prices higher. we're dealing with already dealing with $3.92 national average. what has to drive them crazy, biggest selling vehicles still are your ford, gm. get your truck out baby and drive it. >> neil: adam has an f-150. what is the timing. >> the snowstorm, i mean i think we could have a conversation about what is the best way to approach global warming. we do not. we wanted to have a conversation

about that. i'm sure we could call it weather changes. >> this is the crux of the matter. it's a warming and there is may snowstorms doesn't change the science. >> neil: this wasn't you but i remember having environmentalists on this show when was warming up and said, this will be the thing. you might as well come in bermuda shorts next winter. that didn't happen. they were wrong. they can't admit they are wrong, that is what i am saying. >> i'm not one of those environmentalists. i think we need to be careful to avoid single data points like the weather in may of 2013 or whatever the weather was. >> neil: but they have. that is when we use global warming then they say climate change. whatever suits you. i would like to calories better than fat. but you can call it anything you

want but maybe they just won't. >> it is in fact warming. i don't know, i don't oppose fracking. i don't know forcing people to drive electric cars is the solution. we do need a solution to global warming. >> neil: we're showing you pictures from this week. ben? >> it's all like orwell's 1984, big brother and environmentalists and pals in the white house say there is climate change. there is a climate change. don't worry about the data. don't worry about the fact that are hundreds of imminent scientists that say climate change, "a" not as bad as the other guys say, "b" not caused by man's activities. so the white house simply has ideological position. it's not a scientific position. it can't be change by data. it can only be changed by

political will. >> you say it actually, adam but great many have seen the imminent thing it's to not. >> every point of view, when it is in some dispute and not unanimous, i think it borders on lunacy to commit billions, dare i say, charles, trillions of dollars that might not be? >> here is the irony. we are a small portion of the world's population. we're talking about solving global warming. the fastest source of fuel in the world is coal. china is not going to stop building, brazil, rest of the world is nipping at our heels economically. we want to saddle ourselves with this? are you nuts? >> i think charles is right. i think there is a lack of attention to the cost on the american people of these policies. the people who don't want to drive electric cars. they want to drive and use

regular gasoline engines, god forbid. >> neil: do you feel guilty, adam? >> very guilty. >> unions are saying it's time to stop supporting illegal immigrants. but is it time for big labor, bottom line. "cashin' in" crew that is next. [ laughter ] >> one company featuring mommy and daddy to make sure they won't be crying. good for the family, but how about the economy? ♪ ♪ i'm so glad you called. thank you.

we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen.

>>. >> neil: coming up, put down the laptop and give them a bottle. workers will have a lot time off but spending more time

>>. >> neil: a little baby. yahoo is trying to keep its talent. it's damage the time that workers can take off for maternity and paternity leave. new moms, getting 16 weeks and dads getting eight weeks. >> new dads start lactating and i didn't know about it? [ laughter ] >> why eight weeks for maternity leave. >> why did you have to start lactating? >> the women are the ones who did all the hard work. why do the men need eight weeks?

>> neil: hello. fathers have feelings. >> and i will add. >> marissa mayers --. >> neil: we'll fight at the outset of the show. ben what do you think of the position? double up the time for men and women, moms and dads and they can take off. >> there is not a shortage of talented mothers in its working mothers it has a shortage of profits and earnings. i think she should get some earnings out of very fine company instead of getting points from the women's lobby. >> neil: adam? >> this is straightforward. she is trying to keep up with google, her former employer which offers very generous maternity and paternity

benefits. silicon valley is a talent war. dagen, three weeks i spent with my newborn daughter were some of the best weeks of my roo life. i wish it were eight weeks. it would make me more loyal to the employer. >> if the company can dole out that time, google at four months if they can afford do it. do it. but i don't think most companies could get away with it. >> neil: i spent more time with my daughter but she forgot about it all. [ laughter ] >> listen, i agree with dagen. from an economic. >> neil: not in the lactating. >> unless you lack at a time. [ laughter ] >> the bottom line for the economy, is nuts. she can afford it, checkly, let's give two weeks for the

father. >> neil: my thanks to dagen. what usually goes up usually comes down including stocks. we know the mark has been soaring. our gang on how to keep your stocks going that way. periences really mattered... you suggested luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgradedxperience comes from listening to our cardholders. visa signature. your idea of what a card should be.

hey everybody, hi mom... streaming live with a tour of my new place... knowing you can still reach out. ... and now you've seen it. that's powerful. verizon. get mom a lucid 2 by lg for free.

>>. >> neil: it's a new way, companies paying more dividend. which one you should own. >> ibm like their dividends. buy it. >> adam? >> the classic way to play this is utilities, they are required to pay dividends, xlu is a utility ets. >> how would you? >> sdy. i love the index this is a good index. >> neil: do you like this market? >> not forever, but i like the market. i'm not getting out of it. >> neil: let me write that down. [ applause ] >> i'm kidding.

>> stay in this market and buy. >> neil: buy low and sell high. i'm here for you. i'm kidding >> eric: health care law train wreck, harry reid now agreeing obamacare may go off the way if we don't spend more implementing it but aren't we already paying more with those new taxes? mayday, unions demanding the immediate halt to deporting illegal immigrants. does big labor have the best interests of undocumented workers in mind or is this all about saving themselves? "cashin' in", looking out for your best interests right now. i'm eric boling,