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tv   Bulls and Bears  FOX News  February 7, 2015 7:00am-7:31am PST

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spring fishing classic is going on now, ainsly is going to try her hand here. >> oh i -- >> there you go. >> all right. >> now reel it in. taking out isis. by taking out, one of it's biggest weapons. money. but how do you do it and would it work? hi everyone, this is bulls and bears, here they are the bulls and bears this week. joining me is this crowd. welcome to everybody. okay. gary, some reports show isis is no longer relying on oil as it's main source of revenue, so how do we cut off the crash? >> well, you started the segment with two questions, one how do we do it and then two, would it work? let me answer the first one first, would it work absolutely? if you look at the history of
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warfare across the world, whether it's nazi germany japan, what really is the background of success is cash. nazi germany had to sell all the art they acquired. japan had to take over other lands. so really, if you don't have the funding, you can't win the war. can we stop it? well, i'll tell you what, the oil money is starting to dry up. isis still gets a lot of money from selling contraband, from private donation it's going to be difficult countries like russia are starting to step in. it can be it's going to take a lot of cyber warfare on our part to find out where the money is going, but it can be done and it should be done. >> but john, there's still incredibly well-funded for a terror organization. and they've found ways around -- price of oil has gone down, but they sell antiquities, does ask for ransom, can we really cut that off? >> i think we can to a large degree. i completely agree with gary. it's like a great chess match
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about russia banks not tanks. and what we did with north korea and is we cut it off to asia. at one point he couldn't pay his top lieutenants. this does work. they are not like al qaeda. they are not funded primarily through donations and through sympathetic people they're self-funded. when oil prices were about $100, they were selling it about 39 to $40 a barrel smug tlg through syria and turkey. and now that oil is about $50, it's probably about half that of what they're selling it for. they're getting hurt significantly. estimated about $6 million at their peak from oil sales, now about five to $600,000 a day. i don't think it's either or at this point. i think we target the refineries with military action, and we target the people that are buying. russia's stepping in is a very big deal here because they very rarely have taken the lead. they're scared about the tensions stepping up. >> jonas, there's some concern
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as they cut back because oil is going down. they may not resort to conventional warfare, but become more and more brutal as terrorists. and we have been seeing that. >> well right. because unlike nazi germany, a terror war, they're not building nuclear submarinings, they're methods aren't that expensive. everybody needs money. we don't really know what the source of funds is. you know, it could be our friends in the middle east, and we're just saying they're self-funded to take the heat off that. at the end of the day, track tendency, goal i think that's the move we have to do is make maybe with other countries they have cash completely to starve the countries. gold transfers going. that'd be the only way to starve them but they need a phone to go bankrupt. the soviet union, they to rebuild it. they're not having their infrastructure destroyed, they can go on with not a lot of
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money. >> that's a good point, tracy as we're looking at bitcoin antiquities, as we're stopping the money laundering they keep moving forward. >> they do, and they do have this local war economy going on right now. but to john's point, we can get in and infull trait this. everyone's been talking about kuwait, they've been filtering money in through the arab nations. they're there for the extremist groups, why aren't we there? we have to think out of the box label the here. and we should stop this, no matter where it comes from, no matter who's involved. i think at this point, we have to stop the friendliness, stop the cash and it will hurt them. whether they're just living on land and their barbaric ways in inexpensive. they are still money-hungry. otherwise, they wouldn't be doing this. >> how important is this economic front in the war? >> oh, absolutely it's important. you can't have it's not a traditional army, but you can't have an army that you can't feed
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and they can't feed their own families. so the more from the funding outside sources is taken away, they have to go after the local communities even more. through extortion, through taking over the local communities and illegally taxing them. you know, that's not how you win the hearts and minds of the people which is going to be a huge way that isis is defeated is the more muslims that turn against them. the more jordan gets involved and the other arab countries are pressured to do backing off. >> gary b. >> well i'll tell you what jonas makes excellent points. there is a fairly substantial amount of finances especially as isis grows, and starts to take over more and more territory which is one of their goals. will it be hard? absolutely. that's why we hope they rely more on stuff like bitcoin which at least can be tracked. >> john, what do you think about that? >> yeah and bitcoin, i saw articles about them getting the funding through bitcoin and crib to currencies, they're not
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getting that much. and not that much donation from friends. they are getting some. tracy is right, kuwait and saudi arabia. we need to go after those people. go after those banks there is a paper trail there but jonas's point, i agree with gary b., is spot on. the infrastructure. we have been reticent to bomb infrastructure there. to heck with it we're not worried about rebuilding it. go after the refineries the oil fields, go after the refineries and knock those things offline. we know where they are. we have been hesitant to do it because we're saying we're going to destroy the country. we have to destroy isis. and at this point, i think destroying the infrastructure, so what, we'll worry about it after the wars. >> because they take over the infrastructure. they take over any weapons that they move forward as they keep taking more and more territory, tracy. >> that's why, i mean they may look like they're working on minimal means, but these guys are totally calculated. they know exactly what they're doing and they're laughing all the way to their corrupt, isis banks that they control as well.
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and laundering their own corrupt money through this whole system. so, again, friendliness aside john's right, bomb them, cut them off at the knees. do what we have to do. we know where they are and we'll be done. otherwise, this is just going to spread and get so much worse and the atrocities we are seeing, it makes your stomach turn. >> that's certainly true. jonas, cutting off the cash season that the answer though? >> i think it's ultimately the answer. we saw the road collapse, digital currency is trackable, it's the gold and cash. we have tens of millions of u.s. dollars used for god knows what. we have to make it worthless and say we're not doing cash we're taking it seriously. that's what everybody's got to do. it's a big step global adjustment, but that's how you stop the financing. right now they're expanding, seems like other stocks like the early stages of expansion like the nazis ultimately cover the cost of the new territory and that'll bring you down with the raid of those costs and track the money going in. >> sasha, last word.
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>> another way is to be careful very careful with the moderate syrians that we're talking about arming and funding, because no one really knows who they are or where those funds were arms would go. and we want to make sure they stay out of the hands of isis. >> thanks guys. and cavuto on business in about 20 minutes from now, what do you got? >> hey brenda, the administration says it makes sense to close gitmo. but we have new numbers saying go slow. and now illegals can get a tax refund for working as illegals. what? see you at the bottom of the hour. >> thanks, neil. we'll certainly be watching. but up here first, before you start whooping it up over the quantity of jobs the economy is creating are the quality of these jobs anything to be celebrating? we report, you decide. ur daughter has a brilliant idea for her science project. and you could make it happen. right? wrong. because you're not you you're a cancer hospital and your daughter... she's a team of leading researchers...
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from america's news headquarters. parents of usa worker kayla moouler is saying they're hopeful she's alive despite a claim by isis she was killed in a jordanian air strike. also asking for the captors holding their 26-year-old daughter to communicate privately. though the u.s. and jordanian government casting doubt that she was killed in an air strike. six people charged in st. louis with providing money and military equipment to al qaeda. isis terrorist in syria and iraq. the suspects are all natives of bosnia, so far all but one arrested. according to the indictment, the money and supplies were first sent to turkey, then eventually made their way to the terrorists. some reports say the suspect still at large may have actually been killed last year. i'm greg jarrett, now back to bulls and bears log on to foxnews.com for all your headlines. yep.
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the headline looks good. the economy adding 257,000 jobs last month but, before you start cheering, tracy says, check out the quality of these jobs. what do you mean? >> people are not happy in the jobs they have. gallop did a poll that shows 70% of people are disengaged. why? because a lot are entry level. a lot of people got laid off and had to take the first job that came by them. and still people are in jobs they don't want to be in. they are afraid to leave because the economy is still on shaky ground. the media hasn't changed at all since 2000. people are still feeling that and it's not making this economy get any better. if you don't feel good at work and you don't feel motivated you're going to get them. you're not helping out the economy. >> sasha, the people aren't feeling it will they start feeling it if we keep having these numbers? >> i think you have to look really hard to find bad news in this report.
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i mean, you know, as the president said it's good news people. we have the best economic growth in 15 years, we have wage growth, we've got more people looking for jobs, and, i totally disagree with it, consumer confidence is up. we know that. some is down that's why more people look because they believe they can find jobs. so you know if it's not the best job you can get, it depends on how much you want a job whether you'll take it or not. >> how good is this? you focus a lot on the number of hours worked part-time versus full-time. >> exactly. for someone like sasha working 60 hours a week, you're absolutely loving it it's a great economy. unfortunately, the average hours worked is a joke right now. it's not, people aren't working 40 hours a week. the average hours worked in the latest was 34 hours a week. now if you're in construction you're working 40 hours a week but that's not where the jobs are being created. they're created in areas like
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health care and retail and food service. you know what the average hours worked in health care is 32 in food service 26 you know what that means those are part-time jobs. to tracy's point no wonder people aren't happy. they're in jobs they don't like, and they're not working 40 hours a week. >> sasha says you can't find anything bad in the report, what do you think? >> i agree with sasha. and i agree with tracy and gary b. also, they are not really conflicting points of view. this was a great number. 30 million jobs wages up 2.2% in 2014, 26% of surveyed said they have positions that corresponds with previous business peak, but if you look at the jobs that are being created, this is the one negative. and i think it's very good, but you had 408,000 people increase, people going in the labor force that did not have high school degrees. 222,000 dropped out. we are seeing a lot of jobs that are good upper middle, higher
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income jobs lost. we're seeing a lot of lower income jobs added but sasha is right, jobs are jobs, and it's good that we have jobs being created. >> jonas at least finally we are seeing wages which have been stagnant for so, so long. they're finally starting to move up a bit. >> in itself is a good time. inflation. george bush got a lot of criticism when the unemployment rate started to go down after the tech recession the other side was like oh they're mcjobs, you attack the type of job it is when the unemployment rate gets low, and it wasn't a good criticism then it's not now. at the end of the day, when you let people go you don't let go the highest quality labor. let's be honest, you're cutting the people that borderline anyway when the economy was good, and when you add them back, they're not going to be the highest paid people in the world in the highest best jobs because those people didn't lose those their jobs. not everybody, but in general. yeah, it's mcjobs on the way back out of a recession, too
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bad. >> i think -- i hammered on twitter for that and i hope you to. there's a lot of great people that lost great jobs and they did not deserve to during the recession. and i think that seven million people are part-time and don't want to be. and that is a huge statistic. that's a huge number of people. people are working, what the rest of them are doing? they're sitting on the couch. it's not good. >> talking about twitter you can join the discussion at #bullsandbears. sasha, tell us more, what's good in there? >> what's good in there the numbers are better. republicans have to go back to reagan to find numbers as good as this. the numbers are great. we want them to be better but, you know, the reality of today's world is high paying blue collar jobs don't exist we have to educate people. hello community college initiative. we have to pay a living wage, who supports that? >> okay. all right. gary b., i have to put you on that one. >> well, sasha might be looking at a different report.
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the percentages of the population still unemployed total, that could be is still way, way, way high. or way way low i guess what i'm looking at. and we're just not creating enough jobs to keep up with the population growth. that's the key we are creating jobs, we're just not creating enough jobs that we should be post-recession. >> okay last word thanks guys. cashing in an hour from there, what do you have coming up? >> hi brenda, from beheadings to burning people alive the president still not calling the enemy radical islamic extremists, but he did compare them to christians. should parents be forced to vaccinate their kids? cashing in see you at 11:30. >> see you, we'll be watching. up here first, think that personal info is just between you and your doctor? well here comes a hacker.
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coming up, another hack attack, this one exposing 80 million customers info to hackers. is it time for a government crackd
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cyber attackers strike again, this time infiltrating the second largest insurance company. anthem blue cross saying 80 million customers and employees personal data may have been compromised, putting it on the same scale as the data breaches at target and home depot. john, this just keeps happening is it time for the government to do more to protect us? >> yeah do more. the government has done a good job, especially in physical security, but also in cyber security, they have done a relatively good job. gary b. pointed out so many
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times, we spend about five billion, that was a five fold increase in 2013 on cyber terrorism. i think we need to spend more than that for the simple effect. mutual destruction. the reason that nuclear weapons were not lost during the cold war because of the soviets launched them at us we would have launched it at them. somebody shut down north korea. we need that option. we also need the option to protect ourselves because we're not going to be attacked militarily, but picture what country could put together hackers and causes a lot of damage. >> don't the companies need to get their act together? i don't think the data was incrypted. >> absolutely. i think the government has to wake up, but i also think corporations now need the corner office to go to the guy who controls all that stuff from here on out. i mean this is a big deal. we heard from intuit on friday turbo tax, hacked for fraud people are filing taking your
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social security numbers filing getting your refund. this is happening everywhere. the companies are beholding these days to have a system in place, double, triple encryption, whatever you need, and they're not taking it seriously. >> gary, you never argue for more government regulation, but in this case? >> i do and i don't. i think the government's job is to defend our borders and now we're starting to realize that it's not just from incoming missiles, it's from incoming cyber security threats. so in that regard i agree with john. now, the problem backs is what if the cyber terrorism if you will, is from inside our borders? if it's just some group of nasty hackers, then i kind of agree with tracy it should be each, each company's job. i mean, it's not blue cross blue shield's problem that anthem can't get their act together. why should they have to pay? that's where i draw the line. >> we only have a limit time, what do you think, sasha? >> well the issue with the
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federal regs, the reason the medical information wasn't gotten from that anthem is there is a regulation that has to be encrypted, and what was was the personal information what which doesn't. so, you know, there is room for government involvement, and yes, there is room for the companies to step up and do it themselves. >> okay, jonas weigh in please. >> it's not an easy fix. this isn't like companies selling vitamins made out of house plants. they don't to want get hacked either. there's not much to do to stop from getting hacked. the government started this social security number thing and in every morning story, social security numbers were taken. everybody's doctor saw social security. when you go to the hospital you have to write it down like 17 times on third generation zooer rocks and everybody you talk to at cable company. we need another id number that is not used for credit. this data hoarding i installed a bad locking app saying i had it from my birthday. why do -- >> i'm sorry, jonas, i know you're upset, but we have to go. thanks guys thanks for sasha
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for joining us. >> thank you. forget about hiring someone new, houkt rehiring someone you let go? well the irs just did it.
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♪ hi, tom. hey, how's the college visit? you remembered. it's good. does it make the short list? you remembered that too. yea, i'm afraid so. knowing our clients personally is what we do. it's okay. this is what we've been planning for.
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thanks, bye. and with over 13,000 financial advisors we do it a lot. it's why edward jones is the big company that doesn't act that way. predictions. gary b. >> brenda, i am addicted to twitter, and so are you. #bullsandbears stock up 50% on the year. >> john your prediction. >> infrastructure spend's upping with 20% any year. >> okay. jonas. >> lots of jobs means all these are going to need some hydraulic chairs from miller. $3,000 white letter inch chair to say it. lift 20% this year. >> i like that. tracy.
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>> the irs is actually rehiring people that had time performance issues, tax cheats, what the heck, that's crazy. >> say this after me, only at the irs. >> amen. >> cavuto on business, neil is next. well what is the fuss over a few? it doesn't take many to make mayhem, does? i'm neil kacavuto. one in three released gitmo detainees are returning to the business of terror. that would make out to be close to 200 of them. remember in canada it took all of one guy to do this. in paris just two terrorists to murder a dozen. and on 9/11, 19 hijackers to kill nearly 3,000. so forget about all the money we are spending to keep them there, are we risking even more and springing them from there? charles payne is at the money snow florida thinks so, and says

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