tv Cavuto on Business FOX News April 18, 2015 7:30am-8:01am PDT
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chewbca back together? >> new research says looking dogs in the eye is good for humans as well, that's the largest global company in veterinary medicine. >> ramon will replace one of you guys. >> all of us. now that hillary clinton is in, it will be the economy that does her in. welcome, everybody, i'm neil cavuto and the line that bill clinton was in the white house, it's the economy, stupid, team hillary's biggest fear that this recovery just stops and her, well her chance of becoming president stops right along with it. also here ben stein, charles payne, dave mcdowell, adam liczinski. what is the biggest regret or concern? >> this is from wall street democrats i speak to and as you know, president -- >> three of them gathered in a room. >> i was going to say --
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>> in a limo. >> exactly. >> between martinis. you know, wannabe president clinton is not worried so much about e-mails and benghazi. she worries this obama economy which never got off the ground is starting to show major weaknesses on the underlying numbers. you look at manufacturing, you look at some of the sort of granular stuff including the fact that the larger picture of unemployment is still about 11%. >> thank you for mentioning the youth because otherwise we would have lost. what do you make of what he's saying? >> i think he'll run on bill clinton's economy, she'll not run on obama's economy. victimization, gender. i don't think she's a people person and i don't think she's a good salesperson. warren is pulling her so much to the left, she has no choice but
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to go at it this way. >> dan henninger had a great column in the "wall street journal," the entire party has gone extremely left to the centrist side and not goinging to win over democratic skroeters. the biggest issue is the economy with the job recovery the fact there has been no wage growth that, wage growth is barely keeping up with inflation. clinton pack in this election will be to blame the big companies for in the paying more. they will go after ceos. will it work? i say no. >> the wedge issue, whatever you want to call them ben stein, have worked in the past for the democrats, what about now? >> well, first of all, i disagree respectfully with my good friend, mr. gasparino. the economy is strong. the number of people who left the labor force say slippery number, has to do with the person alts of people leaving the labor force much more so than the demand for labor.
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there's a shortage of labor in many -- >> particularly picking berries in california. >> can i just finish for a second? >> sure. >> thank you, sir, but as to your point my very, very very smart friend mr. payne, you're exactly right. wedge issue, envy, envy, envy, envy, envy. the democratic party is the party of envy about everything envy of men of white people, well-to-do people, doesn't matter the democrats are getting most of the money from rich people, almost all large contributions, very large contributions not all but almost all come from democrats. the democrats will hammer away at the problem because they're the party of privilege anyway. >> a resident to the left here, here's where i need your help adam. surely democrats realize going too far left is going to be like a mcgovern-like move and they'll
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all go down in flames. surely they realize that, don't they? >> well if they were smart i think they would. people were saying -- >> you're saying the liberals are dumb? >> no, i didn't say that. >> yes, you did. no, go ahead. >> what i'm saying is i actually, i agree with the first part of what ben said, electorate, to answer the question are you better off than you were eight years ago. >> let him finish. >> charlie to your point, you know -- >> you're reflecting -- >> what good investors do. >> hold on let him -- >> good investors say, charlie -- >> what are the risks? >> let mime talk for god's sake. >> sure the risks are that the economy goes into some kind of tailspin, if it doesn't they'll be able to say things are going pretty well vote for us.
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>> let me make this one point. you can put about ten economists like ben stein in a room and they will give you ten different answers. i will tell you -- >> but not too many, lawyers and established actors and american icons. >>'s special lay it last point. >> to infinity. >> ten different answers. two things to point out. david rubenstein who runs the carlisle group, they kind of know about business creation from a different level than some economists looking at it 30,000 feet and saying the unemployment level is at 5.5%. those are the type of people i'm talking at. i did speak with david rubenstein and the second part is this. if the economy is so great okay, as ben says it is, and as adam says it is why are people feeling so [ bleep ]? >> because their wages aren't growing. >> wait a minute. >> their wages are not growing. >> we just beeped him, so --
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>> charlie, say you say it is the recovery that's going to you know, that's tripping up a little bit here. could you make the argument this has been a tepid recovery compared to others it could go on long enough to help the democrats great elected. >> which is my point. >> really? i thought that was my point. >> these are raw numbers you can use to argue the economies but we were in a tailspin when the president came in. however t they're right to the sense that forget about the people -- forget about the people in the ivory towers. what about the arming person out there, they still think this economy is bad. i don't care what you tell them. charlie talks from an ivory tower. >> pipe down. it's a wageless recovery people
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can only put their backs on prosperity. >> hang on. >> retail sales were down four months in a row. they finally just ticked up, right? why? this is as gas prices were collapsing, people are not confident to go out and spend. >> clearly from a technical standpoint, if the economy turns down a little bit, how is she going to say you're better off today and make the class warfare argument where people like ben stein and you have been doing very well in the stock market while most -- >> i'm all in -- >> according to -- >> ben stein you were saying at the outset disagreeing with dr. gasparino saying the economy is doing a lot better than he's saying. >> the economy is doing incredibly better. we have 1% or % this quarter. >> sir with all due respect compared to when mr. obama took
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office we're in the wils of swiles of properity. >> david retail sales are down in part because gasoline is a component of retail sales. revenues are going down. the main problem is shortage of workers. >> it's not just gasoline sales that have been hurting with spending ben and to correct myself, retail sales ohm up for the if time in four months. >> i just want to make this one point, we're doing better than we were in 1935. i bet you. >> i think you're a hater. >> i think we're doing a lot better. >> what is clintonhillary clinton going to run on the economy was going to craptown back in 2008. it's better than that now. >> just a little better [ bleep ] now. >> all you need is a point of comparison where ben stein was
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right. where were you eight years ago and where are you now. >> here is the thing. personal incomes are going up, spending is going down and savings have gone up. main street is worried about something and i don't know that a politician can convince them otherwise. >> we'll take a quick break enin the next segment we'll bleep out the words it will be easier. davey, what have you got coming up? >> can hillary clinton win over everyday americans when she's being called a crony capitalist by some of her own? mortgage giants dishing out the perks for first time home buyers. does anybody remember what happened the last time we did ta? we'll see you at the top of the hour. >> thanks. first the president waging a war on coal and one ceo says it will cost hundreds of employees their jobs. is it going to cost you next? we'll say it without cursing, next. so what about that stock? sure thing, right? actually, knowing the kind of risk that you're comfortable with
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live from america's news headquarters, good morning. aaron hernandez former nfl star transferred to maximum security prison outside boston where he will spend the rest of his life behind bars. following his first-degree murder conviction this week. hernandez is reportedly being kept away from other prisoners for his own safety and on suicide watch. he faces charges for a separate double homicide in boston back in 2012. overseas, multiple suicide bombings in afghanistan rocking the eastern city of ja lalabad. at least 33 people were killed 100 more injured. officials say the attacker detonated an explosive-laid. motorcycle targeting a crowd of military personnel and civilians. two more blasts in the area reported but no one was hurt. afghan president ashraf ghani says isis has claimed responsibility. back to "cavuto on business."
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well, it is the war on coal, and it's now in court and if the ceo loses he said it will not just cost him but you. >> he's destroying low cost electricity. he's destroying that, i see it coming. >> he was on fox business, which if you don't get you really should demand. i digress. the ceo of murray energy telling me if his lawsuit against the administration climate push goes south your power bills are going north. charles, is he right? >> absolutely he's right. we were warned by canada they wouldn't necessarily have to go up to do the right thing. the number one issue for the world is climate change. it will be one degree warmer 100 years from now so we must -- >> how do you know that? >> it's proven, already proven. it's settled, the science is settled. we have to take $1 trillion from american taxpayers mostly sma businesses and homeowners and figure out a way to fix this. >> oh you're being sarcastic.
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i was so slow to pick up on that. i'm sorry. well, it is an interesting tactic to sue the government over, you know legally constituted regulations. he's welcome to it. he should do it because he disagrees with the regulations. it's a great part of democracy but global warm something a real threat to the globe and so the administration, our government is just trying to dot right thing here. there will be winners and losers, no question. mr. murray should fight i support his right to fight. >> ben stein? >> with all due respect and i'm sure i'll get a lot of hate mail about this, global warming is one of the great hoaxes of all-time. there is some global warming, a very small amount and i don't think he was being sarcastic when he said one degree. it's a small amount. weather is caused by man's creations, we don't know for sure twl iswhether it is we don't know for sure.
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to be sure, adam is totally right that's what the courts are for. mr. obama has to abide by the courts as well. >> that was murray's point is that the regulations are onerous and costly and lead to higher utility bills price them out of business. >> before this segment today this show i would have said i think mr. murray is making a great point but i learned today that from adam and ben that the economy is doing so much better so who cares if a couple guys like this go out of business. we are doing so much better than eight years ago. >> you're a very vindictive thin skinned individual. >> he won't let it go. >> the economy can deal with it, mr. murray can be out of business. there's a shortage of workers -- >> you remind me of my italian grandmother. what was that, 1967? >> david rubenstein, who he thinks about this. >> you'll be bringing this up weeks from now. the dirty secret and it's an open secret people who are
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pushing renewable energy and green agenda they want our fuel prices they want our energy prices for cced energy for gasoline to be extremely high to force us to use alternative fuel. it is the greatest tax on lower income and poor americans. >> ben is the lawyer here but i've listened him enough to qualify with a legal degree, and i think one of the things that's come up with this discussion is whether the president can unilaterally do this bypassing with all the new regulations targeting only one industry. it would be one thing to oil industries, they have to subscribe to this but it was only coal. murray i think has a point. >> unfortunately i think he's going to lose. nixon created this epa and the supreme court gave it the stamp. it's just the most unbelievable boast in the president's arsenal. >> you are right, nixon created it. ben stein that makes you kind of responsible. >> well, it's a daned good thing, the epa is a very good
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thing but never contemplated the government would try to control every aspect of american's life claiming apocalyptic climate change. >> you were just a little boy at the time, you didn't listen. >> sorry i should have listened. >> this economy is so dynamic. >> oh here we go. >> seriously, if electricity costs go up more than a third of electricity generation in this country from coal, are democrats going to take responsibility for that? >> no, because the economy is doing great. >> let me ask you something you and your wife get in an argument, do you pull stuff when you were dating 20 years ago? >> yes. >> all right when we come back, do you think airlines are putting this lease on you with these i hope you're sitting down, because this is how you will be sitting next.
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planning your trip? get ready for this trip. i want you to take a look at this new air bus design. each economy row getting an extra seat. are you kidding me? you're a frequent flyer just on citations, private aircraft. what do you make of this? >> you are the one who flies on private jets, not me. >> what do you think of this phenomenon? >> i think airlines are crowding people in like sardines. air bus is the worst of all. air bus, i'll just get a little gross air bus bathrooms are so small, a fat old map liken can barely fit in them.
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they're sadistic. >> it's a greyhound bus in the air. flying is not -- >> everyone here is pretty thin but you're the only one who could fit in those seats. >> people need to suck it up. you get what you pay for. they're cram ingming you in there because the prices are low. it's not unsafe. >> if you were fat, you wouldn't say that. >> you know what, i would stay at home. >> really? >> yeah. >> if you were fat, you would stay at home? >> yes. >> wait' minute, what is that? there's an awful lot of us fat people. you think we should not travel? >> then it's going to cost more money, the more space you take up. >> what do you make of this? >> i think -- >> here we go. >> gas pump -- >> i think this is a positive story about the economy. another example why we're better off than 2000. there are more people flying, conducting business. >> you're making me want to punch you. >> no, i'm telling you, i learned from an economist today the economy's getting better. >> -- answer the question. >> you're evil.
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>> all right. >> it's ridiculous. >> i mean -- >> i've actually seen sketches of considering folding chairs. blood clots, bad backs, misery. i got to tell you -- >> the airlines are not going to do anything to injure people because they'll get their pants sued off them. i fly a lot. >> they switched me from first class to coach and it was from here to arizona and i really thought -- my back was broken. i mean, it's crazy. they can't get smaller. >> in a business, if you want a better seat you have to pay for it. >> what's this thing if you're fat, do you still maintain that deal? >> one martini a couple martinis. >> adam, what do you make of this? >> this is not something charlie's going to be able to discuss with david rubinstein the head of carlisle, because he doesn't fly commercial. and he's right of course, this is about capitalize. if people don't like being squeezed into those seats, they'll complain and they'll be
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susceptible to an airline that wants to give them bigger seats. >> smells like fritos, feet and fury. >> what flights have you been on? what route are you taking? >> all right. where is all this going? this is the way of the world. to dagen's point, the airlines are making money hand over fist. we just see more of this, right? >> well, i can remember they used to bring a rose to your chair. i can remember -- >> they do that all the time on my flights. >> i mean, we're always getting crumbier and crumier. >> a couple hours you can deal with it. >> it's mass transit unexpensive for the masses. that's why it's uncomfortable. >> aren't they the best? they really do hate each other. the show on the fox business network is called "making money for a reason." look at what you missed.
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no pain, no gain. if you bought netflix three weeks ago when charles picked up on it, you'd be up around 30% right now. 30% richer. think you can't top that? we told him to try to top that. charles, fire away. >> caterpillar doesn't move 30%, but i think it moves up on the rebound in the global economy. big name, big dividend. looks good. mobilei, driverless car will be a reality soon. i think you can make 30% before the year's over. finally, splunk. you never heard of it.
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we are creating so much data out there, this makes it possible to file on that data. >> quick take? >> love charles payne and i wish you were president of the united states but i don't think he knows more than the market. >> great, that will do it. hillary clinton says she wants to win over everyday americans but even some on the left think she's too much of an elitist to identify with folks on main street. listen to ralph nader. >> ralph, is hillary clinton a crony capitalist? >> sure when she was a senator, she did not challenge any corporate boondoggle and there are dozens of them. the obama administration hasn't done that. her years in new york have just turned her into a dyed in the wool corporatist and mill tarrist. >> from ralph nader. is he right or is he wrong? welcome to "forbes on
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