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tv   Cavuto on Business  FOX News  March 31, 2012 10:30am-11:00am EDT

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neil is next. >> well, beat up big bad oil companies and pretty soon they're not so big anymore. doesn't exxon-mobile it. president obama may need a someone to bash. >> oil companies have made more than they've ever made. >> exxon pocketed nearly 4.7 million dollars every hour. >> nobody is doing better than exxon. >> well, you know, all of that bashing is apparently working, eon mobile is no longer number one in the world. for the about first time ever, ever, the oil company on earth is not from the u.s.s., it's from china and while we have a problem with companies pumping out oil in this country. apparently, we do not have a problem with companies like petro china pumping it out in theirs, china is winning, we are losing and meanwhile, gas prices, well, they use keep soaring. >> charles payne, adam
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lashinsky, and ameleamilya. >> this week was really over the top. deliberately confusing the difference between the dutch and subsidy, and tossing in the idea that kids are held hostage in the same speech from the rose garden and you know, suggesting that somehow, exxon-mobile is really not part of america, when he said you can stand with these people behind me, america, or with the oil companies. i'm saying what the -- oil companies are america, that's part of this country, too. they hire millions of people. this is how you got to the event in the first place. i don't get it! >> i don't get it! >> and this i couldn't believe. if you produce more oil here, it has no impact on the price because it's a worldwide market. and we just don't keep all the oil for ourselves. the president of the united states actually said that. no impact on price. >> neil: bottom line, amilya, i think the message is pretty clear that the timing of this.
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petrol china becomes the number one single producer, accidental, but not even an issue. that's what's kind of unsettling. >> a huge issue here is leverage. we are losing leverage by the day, with this administration. how much more are we going to give to china? how much are are we going to be able to destroy the businesses we built this country on by now slipping to number two? who wants to be number two? not me. >> you know what's interesting, adam. petro china didn't exist a little more than 13 years ago. i know you're a big believe in let's back solar and green technology and batteries, backed up by crickets running fast, but i'm saying-- >> i think you're on to something. >> you can't pick and choose. we're only going full throttle on half. >> i've had an interesting
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observation recently, a lot of people in the debate are for global sayings. we're confusing issues, too, petro china being the largest producer, in the last 13 years and. how are we going to deal with china if our president doesn't understand markets. he actually said when he veered off script. i checkeded transcript and checked the verbatim. that's insane and-- >> that was right after and we picked this off mic, said all oil companies can go to hell. no, he did not say that. >> charlie, how will you let me talk? >> go ahead. >> i didn't study the transcript. i assume what the president was saying was that increasing
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production, domestic economy, will not have any short-term impact on the price of gas. >> because it's a worldwide market. >> right. >> and we can't keep it all here at home. it has no impact on price, which is an absurdity. adam you sort of alluded to it. it's not that china is using more oil and they get it. they're going around the world. cutting long-term deals, in africa, brazil. canada, everywhere around the world and they understand that. whoever controls fossil fuel for the next 30 to 40 years will control this world and that's where we're making a big mistake. >> and that's it, charles, that's it. >> hold on, hold on, i want to comment on that appointment. i mean, first of all. exxon-mobile has been doing this for decades and so has royal dutch shell and chevron. you're not really suggesting charles that we should have a
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government orchestrated program to have our largest oil company go with assets around the world? >> and eating up the oil companiesen threatening to take profits. by the way, this thing that the president keeps talking about, this tax break that the oil companies get. you get that and qualify for that. by creating domestic jobs and that's amazing. >> amilya. my point on this. i want to be consistent on this and ask of washington in general. then take a page ironically from i guess the one country that gets capitalism. go full throttle on all of the above. you know, if china is trying to dominate the green technology business by sponsoring it and supporting it and leveraging it, go full throttle at that, but also going full throttle at everything oil and deals within that. within seconds of the keystone deal going down they're making nice with the canadians, they get it, we don't. that's going to be, that is
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going to be our achilles heel. all i'm saying. >> absolutely. what the chinese get that we don't is business, multiple streams of income, leverage, long-term deals and how to make money with money and we're taking that power away from our big oil companies. and because we're now getting them focused down in the weeds about today and not long-term, when we know we're going to need more. when we know that every other country is going to need more. >> bottom line, charlie gasperino, i'm looking at this and i'm saying, all right, well, you don't like the oil companies, you think they're run by a bunch of fat cats and greedy sob's and making money hand over fist and to charles point earlier and not getting any money from washington. no one is giving them any money that's in their-- >> that they're qualifying more. >> the point is that they're evil and companies that are losing money hand over fist are the new saints. >> well, i will say this and i agree with that point. and by the way, adam. if we drill today and the oil comes out five years from now,
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that's going to have an impact on oil, because oil is-- >> okay? we have a president and i'll tell you look at the verbatim what he said about global markets. we have a president that does not understand markets. if you start at the point where you don't understand supply and demand you're going to be on the side of solyndra and ideological. >> i think he understands better than-- i think he doesn't care? you're saying a demagogue. >> he thinks a demi gog. all right the irs is hiring and never mind the justices could junk the health care law, 4,000 lucky folks are getting irs jobs to enforce the health care law. what is up with that? the forbes gang is all over that. first, thelma and louise, democrats and republicans.
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>> good morning, everyone, we're live from america's news headquarters, i'm jamie colby. we have the latest for you on the health of country music legend george jones. a publicist for jones is telling us that the 80-year-old singer is in a nashville hospital admitted thursday for a reported upper respiratory infection and expected to be released next week. and remember, he was inducted into the country music hall of fame in 1992 and honored with a grammy lifetime achievement award this year. and three confirmed winners of the mega millions jackpot, maybe not you and me, 2, 4, 23, 38, 46 and mega ball 23. officials are saying the tickets were sold in kansas, illinois, maryland. and the winners will split an estimated jackpot of 640 million dollars, five tickets sold in massachusetts came one number shy of sharing that
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prize. many more headlines 30 minutes away. i'm jamie colby, keep it here on fox. >> six separate budget votes this week alone, only one, only one, paul ryan passing the house. our debt hitting 15.6 trillion bucks, time for a thelma and louise moment. both sides have to join hands, make concessions and take the plunge together and recognize the extremes in both parties aren't going to help you move the ball forward. amilya, i don't know, i don't see it. >> well, you know, the reality is, you can't get where you don't plan to go and this is getting ludicrous at this point that they can't put together some semblance of a plan. what they don't understand is everybody else is waiting for the plan so he that we can plan. how am i going to put together what i need to be doing for next quarter and next year if they can't decide what they're going to do. yes, i have to do obamacare? i don't have to do obamacare?
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i'm in compliance, i'm not in compliance? what are we doing? we're in quick sand right now. >> neil: now what happens, each side goes back to their extreme talking points and that's fine, but it doesn't move the ball. what i'm thinking is that republicans have to get over the notion that if you close loopholes, and special allowances and brakes so that some pay no taxes at all, that, you know, shall we prevent them from dig. >> neil: that's not a tax hike. it might be technically, but, on the other side, democrats have to get over reigning in entitlements and they're not throwing granny off a cliff. if you can't get past that. you're never going to get past that. >> republicans have gotten past the loophole thing because paul ryan budget closes loopholes and simpson bowles. and i think simpsons-- the. >> the union republicans have done more on this than democrats. >> i want to make a point on thelma and louise. >> i wish the last seen was
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the first scene. and horrible, horrible. >> two hours of-- >> and we do have an election and we're going to be fighting this out in the election and i tell you, i don't put any credence in the budget proposals now, we'll have an election about the budget and then decide. >> and the doctor raises a good view. ronald reagan was famous for saying, i'd rather have 80% after loaf than no loaf at all. and he was willing to negotiate and do whatever he can to move the ball ford and some republicans say we're going to wait this out and we think in november we have a good shot of winning the senate, maybe the white house and we'll be in the driver's seat, but you might not be. >> absolutely, you're 100% right, you may not be. and i echo with charlie said. >> in that as well. and it gets back to the ronald reagan. a certain type of leadership, i think, is needed. there's no political will out here, the tip o'neil.
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he was willing to negotiate and to be frank with you, all of these politicians are afraid of the american public. now, i thought the american public gave them a wink and nod more or less to the mid terms and we're willing to do things you don't believe we're willing to do with the way they voted for the tea party. still both sides seem to be so afraid and intimidated by this, nothing gets done. >> and i talk to republicans and democrats on the issue and trying to negotiate a settlement because i see it as my responsibility to try to get these sides together. someone's got to do it and adam. what i've discovered is this, that they're all afraid of looking weak. they're all afraid of looking like they're blinking in the face of this and then paying dearly at the polls for doing so in the extreme in their party and i think that that is what makes progress on the left. progress on the right, impossible to get a deal in the middle. >> well, now, i agree with, with everything that you said, neil, and actually everything
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that charles said and here is a perfect example why. the president was elected with a major plank of his campaign into a health care law. he did a health care law and look what happened since. the people who didn't like it have taken it all the way to the supreme court, first and for legitimate reasons, by the way. it's difficult to lead in this country. >> the public-- and the public opinion is way against the health care laws, adam, i mean. >> no, i understand that. >> and why public opinion. >> and by the way, the health care law if i remember, the senator obama trying to get that going was not his first or second priority. it was among the things, need no idea he was trying to do it at the staple time. >> it was high up there. >> getting us out of a meltdown was high up there. >> and he proposed massive unemployment. >> go ahead, adam. >> and the public, hold on, let me make this point. the public is not in favor of
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the measures to take the thelma and louise plunge even though it's necessary and things like simpson bowls. >> what we're missing here, i sit on the g8 board. and what, we can't make a decision and get the two sides to come together and it takes us look ludicrous as leaders here and losing the leverage when global is where we're going the next five years. >> neil: a quick break here. a jet blue pilots freaks out mid flight and gets suspended. you keep the cell phone on it and you're fined. are you getting this? we're so all over this. i have two products in front of you. we are going to start with product x. this is a very affordable product that will help save you a, lot of money. i like it..
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i like it too. this is product y. this is a much more expensive product. you will not see a lot of savings with this one... harsh. you chose geico and you did not choose their competitor. was this your first car insurance taste test? >> coming up. this pilot was not fined, but you do something crazy like keep the cell phone on?
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you're going to be paying a fine. that's not a fine, but very
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>> the mid air meltdown heard around the world and we're told that jet blue is talking to the guy, finding the guy, talking to the guy and you think of keeping the cell phone and laptop on, they're fining you guys. no wonder charles payne is flying, or anyway, charles. >> dave: it starts before you get to the airplane, right? as soon as you get out of the cab the shakedown begins, shaking down with the luggage and the ticket. >> and even when you're flying private. >> dave:. >> not when you're flying private. >> neil: what would you do. >> charlie told me during the break. >> when i was a kid flying was amazing, you would get the wings, the cards, the playing cards, postcards, cologne it
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was fantastic. >> was the captain a lunatic. >> now the captain is a lunatic and running out of the cockpit. >> and bottles of booze? >> as a kid? starting early-- >> and adam. what do you make of this? it's just, it's weird, that's all. >> it's weird, it's unpleasant, and it is airline deregulation, which by the way, i approve of. charles, when we were kids it was on the cusp of deregulation and the glory days are the regulated airline industry. they're trying hard to make a buck and i don't begrudge them. >> neil: wait, are we saying then, you amilya, help me with this. because of cutbacks and planes are flying more crowded, pilots are losing it, passengers losing it this is the norm when flying. >> you've got to see it more and more, take a look at the airlines and core audience, over 60% of the flyers are business travelers, that is their bread and butter and that's exactly who they're
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ticking off, to charles' point. $25 per bag. 9 for potato chips and fines for cell phones and as business owners we need be to be on cell phones and laptops to the last minute. give us a break, we're your audience. >> neil: and on fbn talking to the founder of jet blue and knew this pilot and a nice guy. they always say that, a quiet guy and. >> the last person you'd expect. >> neil: right, right. but my point was, what does it take to fire somebody? something like that, an incident like that doesn't warrant an immediate firing. what does? and yet, they're jumping ugly on us, if we keep the cell phone on. >> he's not going to fly again. >> we may veer into the union territory and adam will change the subject, but i'm not sure. but that was obviously extraordinarily embarrassing and he should never be in an airplane again, never, never, never, never. shouldn't be in-- a passenger, shouldn't be allowed to clean it, shouldn't
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be allowed in the airport. >> neil: i probably won't be flying again. might be working in a back office and don't want him handling luggage. >> and i wouldn't want to be on the plane with that dude, but you know, he is obviously mentally ill, right? he had a nervous breakdown and-- >> now, we all-- >> he snapped and does the guy go to jail for that? no, he needs help. >> neil: i'm saying, adam, i know you're being kind and decent, a double standard when there's sway for this individual maybe for valid and humanistic humanistic reasons, but i'm telling you, if we keep the cell phone on the mid air police are after us. >> and i don't like it either, but i fly a lot. i would have been very frightened on that flight and i'm willing to give them the slack they need to have rules to keep us safe. i'm willing to be a little inconvenienced for it. >> even though the cell phone thing is dumb, i agree, it's dumb. >> neil: okay. i want to thank charlie, i want to thank amilya.
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now, i'm not sure in the meantime if you've noticed this, but fbn's special primary coverage is actually making people freak out more than that jet blue pilot. >> i've got to get in there, i have to, i have to get in there. i have to, i have to-- i have to demand it. i have to-- i have to demand it! >> i have to demand it! >> demand it! >> the fox business network, i've got to demand fox business! >> and he's just been told you would not be part of the crew and he's disappointed, but you can see what i mean here, the craze continues as we head into tuesday night. voters in wisconsin, maryland heading to the polls, we have at first market reads and the most important and consequential money election of our lifetime. that's what the other financial networks say, but they're in reruns aren't they and skillet commercials, nice skillets, but probably not
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germane. meanwhile, up next, charles stayed that these two stocks would be good in 2012. turns out charles was wrong. so far they've been great. we're going to show you just how great. and then, he's going to give us two new winners for the rest of the year. are you ready? get ready! >> you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account.
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trade commission-free for 60 days, i heard they found energy here. it's good. we need the jobs. [customer:] we need to protect the environment. [worker:] we could do both. is that possible? [announcer:] at conocophillips, we're helping power america's economy with cleaner, affordable natural gas. more jobs. less emissions. a good answer for everyone. well, if it's cleaner and affordable. as long as we keep these safe. there you go. thanks. [announcer:] conocophillips.
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>> theers the big winners this year. charles has two new picks that could soar. what do you have. >> titan machinery. they sell agriculture equipment. i think the stock will do well next year. >> stock two is? >> crocs. they have a shoe that some people like . a lot of people are wearing the shoe. >> adam was going to critize the choices. we don't have time and we'll see what is happening. forbes on fox is next.

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