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tv   Cavuto on Business  FOX News  February 22, 2014 7:30am-8:01am PST

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marijuana dispensary. the smartest minds in america are launching mint chocolate toothpaste when pot is legal to get on to this enhanced taste sensation in america up 20% in the year. >> how people don't pot people don't brush. >> neil cavuto next. >> well, not afraid of dirty dogs, now people are slinging mud because he's supporting wal-mart jobs. it is the ad that is driving wal-mart critics mad. >> we're still here and i believe i will rise again. we will build things and build families and build dreams. >> does that voice sound familiar? it's dirty star microe, he is getting grief with the ad and the name. >> i am using wal-mart to talk about the fact that in my own
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humble opinion $250 billion from a leading corporate iconic brand is a good thing. >> do they have to be held to that? they have to do it. >> if they don't, i'll come back in a heart beat and talk like this and apologize. i hope lowes is watching or home depot or pick any of the fortune five and in relative terms follow suit. >> all right. so is there anything dirty about that? a multi-year plan to buy only american goods, ben stein, along with adam lischinski, what do you think? >> i think the people that criticize wal-mart are people who haven't created jobs and doan foekt wal-mart made it better for the majority of america. i think for them it represents capitalism and free markets. it's a different sort of hatred out there. how could not like this company? already before this plan, so
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million small businesses sold products through wal-mart. they created not just millions of jobs indirectly. they've created so many opportunities for so many americans. >> do you think it's a shifting on wal-mart? look. can we make this multi-year commitment? from american goods, from american makers? we might get these other guys off our back? >> i think people are responding to. that they try to buy locally in terms of groceries as well. most people know that their lives are better because they can shop at a wal-mart and wal-mart has, you know, when it truly is criticized about something, they have tried to fix it in terms of health insurance, in terms of buying locally. people know this is just unions and they haven't been able to unionize. >> no it's not. >> they haven't been able to unionize wal-mart the great whale. >> you don't think if they unionize tomorrow, a lot of this friction would go. .
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>> look. a lot of things could happen tomorrow this conversation you are in la-la land on what they are talking about here. the people whose businesses put out of business by wal-mart are angry at wal-mart. charles, i'm not making a value judgment on anybody is right or wrong. >> i want to say one thing. do not speak for my parents. my parents were put out of business by wal-mart and sam's club. they will admit because they got out innovated. they didn't try to keep up and change. so don't speak for my parents. that's my job. >> again, ha has i'm not speaking for your parents. my point is, for wal-mart built its business over the last several decades by buying goods in china, period. that's just a fact. now they are reacting to the criminal of that. i know, again, i'm not making a value judgment. but they're in a propaganda campaign saying, hey, we're buying locally. fine. they're buying locally. this guy got paid to get involved in their propaganda campaign. that's fine.
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>> why is it propaganda a company is defending itself? >> it wouldn't be propaganda if he was taking the other? >> the unions, i'm say it again, i'm a union guy, i'm all for organizeing. >> no one cared. >> but actually some people do care, unions do some good things. >> no one cares about you. about you. >> they don't care about me? can i go home now? in any event, why can't they defend themselves? . >> benefit ben, where is this going? wal-mart wants to be on offense here say what do we do? look we are committing to do, continuing to do? what's wrong with that? >> there is nothing wrong with it at all. it's very funny the people who are demonstrating against wal-mart are not people who have been put out of business, mom and pop stores. they're college kids, professional complainers and whiners. i have news for you. i live -- not. >> not all of them.
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>> i shop in beverly hills. they shop at channel and ralph lauren and get aid from foreign countries, too. you have to go a long way the priciest stores. wal-mart is doing a hell better job than the high end stores t. mom and pop stores. >> by the way, is there a wal-mart in beverly hills? >> there is no wal-mart in beverly hills. i wish there were. >> i want to address, to say something. they called it. this is an advertisement. microe is an actor. he got paid for the use of his voice. >> he got a hel of a voice. >> i was walking by the make-up room the rooms chilled. >> george clooney did an ad for budweiser, why is he not a bad guy for encouraging people to drink? let me finish and alec baldwin
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is the humping credit card for capital one right and left. why isn't he accused of getting americans into debt? that's what i want to know. >> yay! >> i want to know. >> very well. wal-mart you know what's behind wal-mart. you know it's an advertiseing. you know this guy is paid by wal-mart. who are those protesters? who are the people down in occupied wall street? .9 were didn't care. they were professional socialist agitators. >> you are getting upset. >> adam, i just can't believe that you continuously don't mind the demonization of wal-mart. you are a part is guy. you look over at india, india right now are dealing with run away inflation because they kicked out the big box retailers. there is no infrastructure because they wanted to save ma and pa, people are paying more forrionions over there. what wal-mart has done goes beyond the average person.
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it's a net-net, win-win. >> two things, i want to make perfectly clear. i am not criticizingal mart. i am analyzing the criticism of wal-mart. that's an important distinction. yeah. because it is. >> it's a political point. >> selling budweiser, let me finish, charlie, selling budweiser, selling beer, pushing credit cards is pushing credit cards, talking about we are devoted to manufacturing in america is answering the criticism that we weren't supporting. >> it's propaganda in america. the real propaganda is people a part of the union where you have no idea what they're representing, who they'rfrom. people in the media. >> that's propaganda. we don't know. these are professional agitators. >> it is propaganda. >> you go down to wall street. >> what does calling them a professional agitator mean?
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>> the meaning. >> ben stein, you are makeing a good point there, ben. >> that's what they are. adam. i mean, they are professional agitators. they're professional cranks and dissatisfied people who have to find something to complain about. they're not working people. i would love to find some of those people that work for a living. >> when you cover wall street. >> i don't care about the issues. >> they're crazy. >> occupy wall street, guess what those occupiers were doing? they were screaming at people that worked on wall street that made 60, 50, $40,000 for years. those are professional agitators screaming at working class people. >> adam, i still think you get the comment of the secment when you referred to us as being in la-la land. normally, that's what we throw at you out there. touche, my friend. when we come back, just the facts, ma'am. secretary kathleen sebelius saying there is no evidence of the health care law.
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the numbers might be telling a different story t. forbes gang crunching those numbers at the top of the hour. up next, oh, baby, you are about to see a $45u6789 bank accounts from everyone at birth. taxpayers start crying. announcer: where can an investor be a name and not a number? scotade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates.
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. >> good morning, everyone, we are live from america's news headquarters. i'm jamie colby t. tensions in the ukraine are boiling. protesters taking over the city of kiev. the country's president describing the events there as a coup, compareing the situation to the nazis coming to power in germany in the 1930s. his comments are coming after he is forced to flee the capital. you want to keep it here on fox news for the latest on this developing story all day. and also oversea, an unprecedented get-together at the vatican. take a look at this.
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retired pope benedict xvi, most cardinals will be eligible to elect a new pope in the future. this is the first time the two popes have appeared together at a public religious ceremony since benedict retired last year. it's quite a sight. keep it right here on the fox news channel. [ music playing ] >> a baby gift from uncle sam. a top senate democrat is calling for universal savings accounts, giving $45u6789 bucks to every newborn baby. i have already told my sons, can you look a little younger. $45u6789 bucks. >> right at the get-go. >> out the gate. it will alleviate poverty and pay for college. all right at 10% 20 years later that's about $3,300 bucks. >> that won't get you a semester community college. >> the idea is you are adding.
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>> is this ingenuous? it's another free byes i will buy votes. i will make sure improving your life isn't on you, we got it. we'll take care of it. don't worry about it. we'll do it all. we'll put away some money for you. its all taken care of. >> ben stein. >> oh, charles is so red hot. by the way, why not make, give each child $100,000? then you will take care of it. why not give each child a million at birth. this is reminiscent of the late george mcgovern had in 1992 the so-called demo grant, he was going to give each person in america $1,000. >> i thought about that you are right. >> boy, this is a great view of history. >> he's old. >> ben stein is old. >> at least he doesn't talk about his union background. >> only kidding. >> you are mean. >> think of this. i can take this. >> he's pointing at you. that's how the show goes. i'm trying to make this serious,
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this plan. it's hard because it's so stupid but let's try to take it serious. let's say you give everybody $500? where are they going oinvest it? the stockmarket? in the bank. if you put it nit bank the fed keeps lower the interest rate and printing money, you will get zero. >> give the money to me. i'll invest it. >> if you read stocks. >> the stock manipulates or. >> if you take this serious, it becomes even dumber. there is no way you could administer this. >> we are doing a seg vpt on this. go ahead. >> with all spending, you know it will not stay at $45u6789. it will go up and up and if any 18 to 21-year-old gets their hand on this. >> i think i will be the only one attempting a fair balance along with my friends adam, i think it's to encourage people once they have a little bit of money that they want to add more
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money to that, that over time beginning literally at birth and from then on you are adding and combounding and off to the races and it's these neanderthals that do not see the like. >> i think, neil, that is precisely the idea i will remind been stein why this is not the just silly idea because ben is the one that said rather than create obamacare, we should give poor people a check to pay for their medical care. >> that's a little different. >> i will point out, there is a program a good distinction, poor people, yes. a very important distinction. >> i was going right there. >> no you weren't, he interrupted you. now you were going where he just went. >> i swear i was going to tell you about the college fund for all school children in san francisco which my daughter is in you know candidly and humbly, i don't think she should be in it because i'm putting away money for her college education. >> what did san francisco do?
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>> it puts a small amount of money up front when a child is albertan or very young in a fund. it can be administered. >> wait. do have you to be a democrat? >> everyone is, neil. >> adam, we going to create another department to make sure people don't spend this money on booze? >> charlie, you can -- i'll answer. you can administer it is way you would administer a a 2w50i7b plan the money can be only for education. >> the federal government will make sure that nobody spends this money on anything else? >> the irs is -- >> that's a very good plan a. new gestapo of spending. >> a better gift. >> good luck. >> negative people in la-la land. >> a better gift to the children of this country would be a better education. >> think about it. the bun nice thing, not that the government should do it. it reminds me, imagine if you started at birth and you were
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compounding that. how many books has ben stein written on this and you were starting to compound all of this every year. >> you know what, the check doesn't teach you that. >> if nothing else, imagine if i started right from the time they're born that they got an investment, not when they get to be a little older. >> is it for kid or the parents? i'm going to tell you right now, that you can -- >> you are a hater? >> no, i'm not. >> you are a hater. i'm trying to see the good. >> i hate ideas that make poor people poorer that take ideas away. >> if it remain folks, there is great value to getting your kid investing in early, you are doing it for -- >> why do you need this? >> why do we need the government? >> that's it. i'm done being fair and balanced. >> working class people. >> i hate all of you. >> all right. la-la land. >> when we come back this in
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la-la land. >> how are we going to do it? we will do it. >> together. >> how are we going to do it? >> together. >> we will win together. come on down. >> it reminds me when i played football. i had the cleanest uniform on the team. [ laughter ] . >> that was then, how about unions trying a hail mary pass now? they want to help organize college athletes. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪
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unions moving from the assembly line to the defensive line. in a hearing this week, the quarterback from northwestern university telling the national labor relations board that college athletes should be allowed to unionize and capitalize and get a piece of that big multi-billion dollar pie they can't get their hands on now. they have backed the united steelworkers union. what do you think of this, ben? >> i think the union movement, even though i belong to it and love my unions, is falling apart. this is a publicity stunt play. i don't know whether it will go anywhere. involves a tiny number of people. the thing that worries me is if the unions decide they want to organize university students themselves the way they do in some european countries. then we have the people of the united states, the cab driver paying the drug-using university student. that's what scares me. >> there is a way to avoid this and allow these kids to share in
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the loot their schools do get, at least some of it without unionizing, right? >> this union is saying it's not going after pay initially. it's to cover to make sure that their tuition and all their expenses are covered and that their health is taking care of. >> why the steelworkers union? >> exactly. any help that they can get from unions -- but the point is, they're not -- these students are not employees, number one. and playing a college sport is voluntary and this only deals with private universities. the way this is playing out doesn't make sense and doesn't look like it would fly. but you never know. >> there's no doubt that ben is right. desperation time. they had two giant losses. the uaw defeat in tennessee was huge, that was really huge. a lot of people thought they would have won that. but it was a huge loss -- they were going to unionize at an
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amazon facility. by the way, in 2012, some grad assistants were going to unionize at the university of michigan they voted that down. it's extraordinarily desperation. and the reason i guess the united steelworkers, maybe they have the unblemished record. >> they're providing legal services. >> my dad was a steelworker. he did not come up -- i think this is a good idea. here's why. college sports is a business. if you're working at a business, why can't you organize and get some of that money? >> there's plenty of precedent for unions supporting other unions. and this is a group of workers who have been exploited for a long time. it's a pretty good idea of the unions -- >> i think it's a bad idea for them to try to unionize. >> no one else is helping them. >> that's right. >> they all get to be fancily rich when they leave school. somebody's helping -- >> complete untrue. completely wrong there. a tiny percentage does. >> that tiny percentage gets to
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be very, very rich. >> this football player never made it to the big leagues. maybe because i stunk! thank you all. up next, no pain, then no gain. charles' best picks so far this year. up more than 20%. but you didn't get into that, did you? no, you didn't. charles is going to forgive you. he has three other winners. you have your paper and pen? ♪ ben! ♪ [ train whistle blows ] oh, that was close. you ain't lying. let quicken loans help you save your money with a mortgage that's engineered to amaze.
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♪ ♪
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three new winners from charles. >> taser. it's a stock i've liked for a long time. they've gotten their act together. they make cameras. the police departments are buying them all over the world. also, i like rocket fuel. it helps companies with their mobile advertising. huge company, huge upside potential. lumber liquidators, look at the housing data, we need inventory. just posted a great number. i think this 2014 is going to be
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a huge year for lumber liquidators. >> a lot of folks not saying the same thing for the general markets, adam. what do you say? >> i think it's going to be a difficult time going forward for the markets. >> ben? >> i think predicting the stock market is extremely difficult. hard to predict, especially about the future. there is absolutely no evidence and every economist will tell you that, that there is any job loss related to the affordable care act. >> absolutely no evidence? the white house's point person for obamacare must have forgotten this point. companies announcing plans to cut jobs or their workers' hours due to the health care law. and this survey showing nearly half of u.s. companies may reduce their workforce because of the law. not to mention the alarming recent report from the independent congressional budget office. so is obamacare hurting jobs or not? hi, everybody. i'm david asman. welcome to "forbes on fox."

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