tv Cashin In FOX News September 21, 2013 8:30am-9:01am PDT
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>> david: emac? >> price for lifestyles of the rich and famous right now. 33 types earnings. buy it on the down swing. >> david: that's it for "forbes on fox." have a great weekend. eric bolling and "cashin' in" starting now. ♪ ♪ >> eric: you better not be packing heat if you want that mocchachino. >> customers should not bring them inside the starbucks store. >> eric: the ceo asking customers to leave their guns at home and now a lot of americans, pro-gun americans are mad as hell. is he right or stepping on your rights? plus -- >> obviously, there were a lot of red flags. >> officials admitting there were warning signing about the navy yard shooter before he went on his ram pain. we heard this before about mass killers. so is the government missing all the red flags because it's too busy snooping on innocent americans? and then, call them the lost generation, young people who
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helped get president obama elected twice. now suffering the most. ironically, is obamanomics to blame? "cashin' in" giving you can answers starts right now. >> hi, everybody, i'm eric bolling. the crew, wayne rogers, ebony k. williams, and welcome everybody. after the navy yard shooting tragedy, a big business taking a big stand on the gun debate in america. >> eric: don't bring your glock. the ceo of starbucks brewing up controversy this week asking customers to stop bringing guns in to his stores. some say it's a smart move in wake of the d.c. navy yard shooting. others say stand down. in most states, it's all right. who is right, who is wrong. warning the content of this debate is extremely hot. who do you think they are right? to their clarify, schultz, the
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ceo said no, we're not banning guns from the stores, we're recommending and asking you not to bring your gun to our store. what do you think of that? >> well, i think the ceo's politics is as bad as the overpriced coffee he serves. americans have every right to be upset. why is the coffee shop involved in politics? this is simply p.r. this is not as if there was a big event that happened at starbucks related to a gun. this is the ceo taking advantage of the d.c. navy yard shooting. inserting himself in the conversation. to generate conversation about gun control. p.r. and politics. >> eric: what about the activist ceos who get involved in the social issues and no regard, not much to do with their business? your thoughts? >> well, i think they have every right to say what they say. if i owned a store, and i, you know, i would be the same way as howard schultz. just say, guys if we don't want people to come in here with guns. i don't want them to come in
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with flame throwers or sticks of dynamite. i mean, all of that upset ises my customers. i have the right to say that. why shouldn't i say that? why he is doing it, i don't know. i think you're right to think that is a political thing. >> eric: that is the debate, wayne. not a debate whether he has the right. first amendment right, say whatever you please. is it good for business to really kind of maybe alienate a big percentage of the american population? people who believe in the second amendment? >> he's crazy to insert himself in to it and nuts to open his mouth. it doesn't matter whether they come in there with a gun or not. why should he -- willie sutton said unless they come many there to rob him, i don't know anybody that robs a coffee shop. that is dumber than dirt. i don't know why he said it. >> eric: hold on, john. ebony, real quickly. is schultz trying to become a lobbyist, antigun lobbyist? >> i don't think he is doing that. there is precedent for this
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type of ceo political statement. we saw this with chick-fil-a last year. coming without the really hard bright line stance against marriage equality. is it bad for business? i don't think necessarily. chick-fil-a didn't see a downfall of their business. they had 2.2% sales increase after that political statement. starbucks, itself, too, gone down this road again taking a bright line stance in favor of marriage equality. three weeks after that stance, the stock percentages went up 15%. i don't think it's bad for business. >> eric: john, you have been waiting patiently. >> no one on this panel should lecture howard schultz on how to run a business. he is doing pretty well without our help. this is a property rights issue, eric, not a second amendment issue. i say that as a card carrying member of the national rifle association. starbucks is a business. it's private property. they are going to make the decision best for their brand and best for their bottom line. to schultz's credit he is asking customers not to bring guns in the store. second amendment advocates
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should respect his rights, should respect his property wishes and not make his stores the battleground for some kind of a political movement. >> eric: i'm not sure. i agree with you on so many things but i'm not sure this is a good business decision. let's go back to michelle. michelle, he is really -- he is making a stand on your right to carry a gun. don't do it in my store. but why should he say anything at all? next time, if you are a carry license, you have a gun, there is a starbucks, there is a dunkin' donuts, you know what? i'll go to the dunkin' donuts. i can bring my gun to either one but i may go to dunkin' donuts next time. >> i think it's also part of the brand. starbucks you don't think of conservative. you think of the young yuppies going there, liberal peoplement he thinks this is good for his brand. he came in out favor of gay marriage. that was, that did well for his company. so i don't think he sees this as a bad business move. he thinks it's smart. unfair to a lot of the
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customers he's alienating. >> wayne? >> you feel the same way about buildings? there are a number of buildings in chicago that say this is a gun-free zone. do you feel same with the building mark their private property as being gun-free? >> eric: i don't like those either. you know why? >> respect the right not to want gun on the building. >> eric: those are the most dangerous buildings to be in, because the bad guys know they are gun-free zone. that's where they go. >> so don't go in them. >> eric: fair enough. wayne, go ahead. >> i think eric, you are right. you to ask a question why does he do this? it doesn't make any sense. i mean, it's not an issue. he is making it an issue. if i have a store and i make it an issue about guns, or anything else, if i have a sign in the window says please do not enter here if you are wearing a flame thrower. it's nuts. you don't need to do that. you know? now yes, he can express himself or any way he wants to. he can say i'm going to deny service to people who come in here with flame throwers and
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dynamite also but it doesn't make sense. you are right. >> eric: go ahead, eboni. what if he said i'm pro-choice? and anyone who doesn't like the fact i'm pro-choice, don't drink my coffee? >> i think, i think again, that is exactly why he is doing it, eric. he is tired of both pro-gun right advocates and also antigun right groups. both using the starbucks. that is what is interesting about starbucks. they are uniquely positioned in that way, their brand is being courted by both of the lobbying sides. this is schultz opportunity here to come out and say you know what? this is where i stand and my personal political belief and let the 70 million customers decide as they will. >> eric: very good. jonathan, finish it up. >> second amendment advocates do a disservice to their cause by making profit property like starbucks ground zero for the political fight. these are battles that should be waged in the legislature in the political realm, not a private for-profit rel bron the entrepreneurs and business
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people like schultz have every right to dictate terms of trade on their property. >> eric: good. leave it there. good discussion, good debate. onlying up, red flags flying about aaron alexis before he went on his deadly d.c. rampage. and all of if government snoopings didn't catch it is. it time to stop that snooping? woman: everyone in the nicu -- all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment.
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and more and more teens are using the e-cigarettes to get high. we talk about that. more of this and the other top stories coming your way on the top of the hour on america's news headquarters. i hope you'll join us. ♪ ♪ there were some red flags. of course there were. should we have picked them up? why didn't we? how could we? all of those questions need to be answered. >> eric: that is america's top military official admit willing were a lot of warning signs before aaron alexi s did the unthinkable. sadly, we have heard it all before from the boston bombing to the movie theater and fort hood shooting. jonathan, instead of the government snooping on the innocent americans time to target people raising red flags. >> yeah, i mean, eric, our defense policies are dominated by egalitarianism, the notion that everyone is the same. no one is more or less of a
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risk than anyone else. treat everyone equally. baloney. we should be profiling those who we know present a bigger risk than others. instead of patting down granny at the tsa, pat down those associated with the islamist group instead of restricting everyone fun rights restrict gun right of people who demonstrated mental illness or instead of snooping on everyone, we should maybe address jihadism and the enemies to this councilmember. instead we treat everyone the same. that's why we miss so many of the clore and present dangerous threats. >> eric: why do we miss so many of these clear and present dangers? >> is government is too big. we know that. 8 zillian agencies falling a over themselves to do a job they cannot do. they are ill-equipped to do. they snoop on each other. we know that. the i.r.s. snooping on us, innocent citizens. the people running the i.r.s. don't know any better.
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look at the amount of fraud in the disability payments. over $1.4 billion. these are people who inept, dumb, stupid. we've got them in the government. they should clear them out and start over. >> hang in there. relax. ebonni, the fourth amendment is very important, is it not? >> right. it is very important, eric. we talk about anytime you encroach on the citizens' privacy righteous to be car careful. i am really big to protecting those rights. here we go. back to jonathan's point. this is unreasonable search and seizure. if you have people with documented criminal arrest records that unreasonable goes out the window. you are talk about a reasonable risk of harm that these people are posing. that has to trump privacy right of individuals. >> eric: i remember when the nsa thing was breaking. we were doing this every week. we did it amazingly. we are back on it, because the
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nsa seems to think and the obama administration seems to think that to find the needle they need the haystack. not only were they taking the haystack they took the farm and they couldn't find the pick ax. are they failing? is it time to slow down the funding of the nsa? >> they are spying on innocent americans and the colleague, the guy next to them in the cubicle are implicated for mass shootings and espionage and implicated for releasing national secrets. this is what is going on in the government. we have a government that is too thin. there are $5 million people with top secret security clearance. that is too many people. there is no way to vet all the people. people fall through the cracks. >> eric: you make a very, very valid point. we found throughout week that the same group that vetted the d.c. navy yard shooter is the same group that vetted ed
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snowden. some of us say thank goodness for ed snowden and others say is this stuff falling through the cracks? what say you, wayne? >> well, we have people in the government spying on each other. i mean, this is insanly. they don't know what they are doing. one arm of the government has no idea what another arm is doing. they are giving away taxpayer money. it's beyond control. they can't possibly know what everybody else is doing. >> eric: one at a time, please. michelle and then john. >> they don't know how to spy properly. thatry spying on all these people. look what is happening. they didn't know anything about the boston bombing. nothing at all. they are incompetent. >> eric: john, go ahead. >> the net result is this totally immoral preventive law. show mental illness and a threat they restrict everyone's rights instead of focusing on the known threat
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we know pose a danger. >> we do nsa fourth amendment stuff better than anyone on television. coming up, buyer's remorse, young people who voted for president obama getting left behind in america. whose fault is that?our that hot debate is up next. not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who you re. 'sup girl. i just swapped him out for tyler. 'sup girl.
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mom never questioned bobby again. two can play athis game. [ female announcer ] swap one snack a week for a yoplait. and everybody wins. yoplait. it is so good. >> eric: coming up, young americans are seeing the jobs and income disappear. are policies in d.c. leaving an entire generation behind and putting everyone in danger? plus a new push to defund obamacare erupting on capit
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>> eric: they help vote the president in and now they are feeling left out. americans 25 and under are called the lost generation because they suffer unemployment levels like no one else. those who have a job are seeing their paychecks squeezed. michelle, you say obamanomics may be one of the blames. >> it also has to do with a
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lot of the young people voted for him because they thought he would come in and fix the student loan crisis. but he hasn't done anything about that. all he did was freeze the interest rates. and interest rates aren't the problem. the rising cost of tuition. if obama wants to fix, that rethink the government subsidiaries. the government subsidies are the ones that are driving up the cost of tuition. this is creating artificial demand for college. not only do kids is not a job they have a ton of student loan debt. they don't know what to do. there is nothing to do. >> eric: this is not just student loans. we talk about everything. eboni, president obama has overseen the largest transfer of wealth from the have to the have-notes in you history. unemployment is elevated. poverty levels are at 50-year highs in the african-american community. people under 25 approaching 40% unemployed. >> yeah.
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that is inexcusable, eric. i won't make excuses for the president. but i will give him credit for doing more than michelle did. i believe that, you know, we talk about student loan forgiveness legislation. we talk about the obama care provision that allows the young people under the age of 2 to stay on their parent's policies. those things do give some fiscal breathing room. i know for one i wish they had that provision when i came out of law school because i was struggling. however, the big thing we miss from the generation and where we get it wrong, michelle is right. we go to school, we don't know what to do when we get out, because we're not learning the skill sets that transfer to dollars and cents. that is one reason we're lagging behind. >> there are no jobs. there are no jobs. >> eric: in fairness you blame the schools now. our young people aren't learning the skill set. i am going to say -- let me bring jonathan in here, we spend a heck of a lot of money trying to fix the economy yet johns aren't showing up. why is that? >> the job aren't up. the people it is hurting is the young people specifically. eboni you mention you would
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have been helped by president student loan forgiveness project. i don't think you would. it's like indentured servitude. inherent in it is a promise to work for government or non-profit for the next ten years. not to mention the regulation, eric, that put the jobless rate for people under 25 either under employed or unemployed above 50%. this is the net result of obama's egalitarianism, his collectivism, call for self-sacrifice has hurt the youth more than anyone else. >> eric: let me get wayne in here. there are young people with buyer's remorse now. are you surprised? >> i don't think it's just the young people. i don't think they are discriminated against. you talk about the fact they have a student loan and allow the student loans to -- they don't have to pay them back. all kind of thing. everybody is being discriminated against. 47% of the people of the united states don't pay tax whatsoever. it's a keynesian economic theory. they are sacrificing ideology
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or using ideology to undermine everything. after 4-1/2 years this man has been in office and you still have unemployment in excess of 7%. people like paul krugman who writes in the "new york times" about oh, je to have keynesian economics. this is what works. he is a moron, it doesn't work. we have 4-1/2 years to prove that. >> let me get michelle in here. president obama is the first president elengthy sentenced with a major push with social media. a lot of young people are involved in that. now think look at 15% unemployment. >> yeah, you know what? back to what wayne is saying. wane says young people aren't discriminated against. look at obamacare. for obamacare to work, not only do young people need to sign up for obamacare, we need to be overcharged for it because we are the ones who will pay more to subsidize the older, unhealthy sick people. to say we're not unfairly targeted, we are. >> eric: we will leave it there. michelle field, thank you, eboni k. williams thank you as well. thank you for joining thus week. coming up, why when it comes
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to the fight over obamacare, senator ted cruz and mike lee may have what the doctor ordered. >> this is a moment for republicans to unite, for every senate republican to and shoulder to shoulder with the gentlemen here and republicans in the house who have been courageous doing the right thing. jackie: there are plenty of things i prefer to do on my own. but when it comes to investing, i just think it's better to work with someone. someone you feel you can really partner with. unfortunately, i've found that some brokerage firms don't always encourage that ki.
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♪ ♪ >> eric: all right. time for what do i need to know for next week? wayne, you're up first. >> you know, eric, the dynamics of gaming are going to change a little bit in japan, banded for a number of years will open up gaming in japan. i think the recipient that was will be people like wynn and las vegas sands. wynn particularly. >> eric: jonathan, your thoughts? >> one of the hardest things about investing is sticking with the winning trades. i'm trying to stick with navios maritime. bernanke said there is no inflation. look at shipping rates, new 52-week high. through the roof in lost couple of months. we're seeing inflation start to show up. the stocks in the shipping sector are poised to benefit.
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>> eric: did you read the lower third? power play% since you picked it last month and you are staying with it. >> it had a good run but more to come. >> eric: leave it there. thank you, guys. great week. before we go, there is a tis tushing trend with republicans. on the right, defund obamacare even if it means shutting down the government, people and the squishy moderate republicans, rhinos who say we can't win so don't fight. i stand with the conservatives like senator ted cruz and mike lee fighting like hell to defund obamacare. the very last words my mother whispered in my ear were "eric, if you believe in it. never quit." somebody else who never quits is neil in d.c. wednesday night the middle of the hot debate with the players helping decide our future. don't miss it first on fox news at 4:00. then fbn at 8:00 p.m. eastern. i seal you on "the five." have a great weekend, everybody.
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♪ ♪ i believe we can bin this fight. i don't think anyone can look at what i said and have done, what mike lee has said and done and have any doubt we are going to fight with every ounce of breath in our body to defund obamacare. >> uma: texas senator ted cruz puts himself at the senator of the battle between republicans and the president. now that the house passed a bill to keep the government open while defunding obamacare, the senate is poised to vote next week on what it will do. is the measure dead on arrival in the senate? we'll talk to republican congressman steve saliz who says this isn't a waste of time. it's been more than a year since the benghazi attack that killed four americans. yet, we still have no arrests, and to one has been fired for
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