that ben stein hates. one of the best thinkers i know.ou. >> you're much too kind to me. i want to ask a question. what if manmade climate change is a fraud? saying don't want clean air. i wrote the first speech that president sent up for the clean air act under mr. nixon. but manmade climate change, climate change is very much in-6 the earth stopped heating taupe years ago. -- up 25 years ago. the data to show the earth is the hottest it has been in 200 years is in question because the data from 200 years ago is extremely specious. lest, the polar ice cap on the the south pole is getting bigger. way have questions about the climate but there have always been questions about the climate since you always -- i will say i can remember very well in '60s and '70s we were feeing a new ice age. what if all this climate change is not happening, or if it is happening, is not manmade, or if it is manmade, not coming from the u.s. but china and india and we're going to crucify the mesh worker in the name of a false goal. it's not impossible. >> you

>> i think she's wrong, and if you heard ben stein's comment, after the election, that's a long time. >> i hate to make him sound of ior there, but that's goods. >> yellin is worried about their reputation, they have made the bed they now have to crawl into, and that is raising interest rates at least once before the start of the next year. if they don't next week, and we have seen markets tumble over the past week, if they don't, it's going to be a downward spiral. >> you make the argument, even to carly fiorina's point, it's time to get out of the way. >> maybe the economy is not doing as well as everybody thinks, or maybe they're pretending it is and i don't see mass inflation happening. >> i don't think now is the time to raise rates, but it's not a political point, it's an economic point. >> does that scare the heck out of you? >> unfortunately, the fed is in a box, this is not the right time to be raising rates. they should have done it a year ago. if she does not raise rates, the market is going to go down 300 points on the notion that we're headed for a recession. >> if she is

ben stein was reporting on that last time it happened. he joins us right now. ben, good to see you.see you, i wasn't born then as you well know. happy to take the compliment. neil: just a little zinger. what do you make of this? do you read any significance we attach to these numbers at end of the year? for barack obama every year of his administration has been an up year for the dow. maybe not now. >> he is not running again and, it came off of a horrible, horrible couple of years during the crash. i don't read any significance into it whatsoever. i read into it the significance where you have quite a mature bull market but that has no influence on the election whatsoever. i don't think hillary needs to quake in her boot or wake up from her nap or showing any signs of life whatsoever in response to it. i don't think it's a worrisome sign for her or a bad sign for the republicans. i know you're going to make fun of me when i say this it, i know you're going to make fun of me for saying, it has no significance whatsoever in terms of the election. now you can make fun with me. neil: i

neil: ben stein, thank you very much. >> always a pleasure, thank you. neil: all right, ben.onald trump and all his muses, whether you agree or disagree, what if i told you already hitting him where he probably wants it the least, in the wallet. neil: all right. i don't know can still show the protests outside the trump tower. a lot of them about his comments about ban on muslims coming into this country. ever since it has been non-stop. that has prompted a lot of critics to say, you know what? you're too controversial to deal with. a number of his business operations have been affected. to detail that, charlie gasparino and dagen mcdowell. >> i did reporting on this, spoke to five or six pretty prominent branding experts. i will say this, going forward-looking, lost some contracts macy's and few eithers already, if you added them up came out to $50 million, not a lot of his money compared to his net worth, i asking guys going forward if this hurts him, guys and gals? guess what, very mixed. no real consensus all these blunt statements so to speak will hurt his business going

neil: what do you say to the ben steins and others who were on our weekend show saying, well, you knowy stock pickers who can outdo the general market as a rule? you are a big exception to that, but the understanding being if you invest in an index that mirrors the performance of the s&p or whatever -- >> right. neil: -- that's the way to do it. the question now is, though, are you getting at top by levels here, and it's going to take a long time to recoup your money? >> here's my problem when ben stein says that, there have been exhaustive studies on this, and the reason why it always says the average person can't beat the averages is they'll buy one or two stocks, they'll go down and sell at a loss. you've had all of these people who have bought individual stocks and couldn't beat the averages. by the same token, real professionals who follow -- and it's not rocket science -- know what's doing well, we kind of intuitively know, and then you start to crunch the numbers, it's pretty much out there. so it is possible to beat the averages, and i agree with ben if you're not going to do t

neil: do you think, a lot of people look at sectors as well, they don't, sounds like ben stein, rightectors. and energy has been getting bashed of late. the estimates are that oil will continue to slip slide away. so not a good investment strategy. do you agree with that. >> i don't agree with that. energy will hit a point. oil hit as point where you stop drilling period. saudi arabia is on crazy suicidal mission. oil get to a point you have to stop drilling because you lose money. when that happens, it will go up. no one predicted it would go 110 to 30. everyone takes credit for it. who knew that saudi arabia would lose their mind. chevron will pay hefty dividends. they will do everything not to stop the dividends. gerry is calling at smaller frackers. whiting, i'm not asking everyone to buy but that is name i leap on first half of next year. neil: what are you telling investors about, pigs get guard, whatever the expression is. >> yeah, yeah. neil: someone who made a lot of money in amazon, it's doubled. you know, it's on fire. i get into that it will keep going. at what point do yo

hate to say it -- neil: buy on average, ben stein, compares, performance of dow, s&p, nasdaq?k you have to hold. listen, every year is not going to be up year if that kind of investor. if you're beating markets, these are the moments you beat it when it gets hit on this kind of news. this news won't necessarily change fundamentals of any names. neil: charles payne, 6:00 p.m. spells it all out. we have more after this. ♪ come on, wake up!!! come on,why ya sleepin'? come on! what time is it? it's go time. come on. let's go, let's go, let's go. woooo hoooo!! yeah!! i feel like i went to bed an hour ago. yeah!! i'll make the cocoa. get a great offer on the car of your grown-up dreams at the mercedes-benz winter event. it's the look on their faces that make it all worthwhile. hurry, these offers end january 4th. thank you santa!!! neil: all right. still have a couple hours to go. trish regan. trish: hey there, neil. president obama in damage control mode. defending his isis strategy. welcome, everyone. i am trish regan. the president insisted that his plan is working. he goes on to