Transcripts For FBC Cavuto 20140201

Surgery he is tubing. I guess we saw it coming but it is amazing . It is. Especially when you look at the details of the regulations to prohibit the nonprofit groups from registering people to vote. Rolled around in your mouth the irony of this. Deal bob administration lectures us on the accusing republicans to prevent people from voting they try to stop citizens from registering to vote. Charles how do they surgically do that . Stop big groups of the right but do that for their odd because . How do they pull that off . Of course, the labor unions do that on behalf of the Democratic Candidates it would change from Political Activities and under that heading registering people to vote with Voter Education campaign you can constitutionally prevent people from expressing their political views and helping people participate in a democracy. I dont think this will withstand a Court Challenge bid is shocking they are trying. Charles and Mitch Mcconnell calls that the abuse of power. What we have seen this but there is some certain arrogance that goes along with this it is you said they have been emboldened to try these. It is hard to stop the president at this level. Be a Pay Attention to the budget that he will sign or veto legislation but his power resides in the executive branch that is massive so he has a lot of employees or agencies released today 1800 new regulations of the month of teeeight area alone. That translates to a power each one compels people to do certain things that equals power. Charles the real question is is any of this legal . To have no problem with the rules. No problem at all . We dont have a problem with the rules because they are clear to provide more transparency because currently it defines activity like the wild wild west definition under fax ian the circumstances. That gives irs employees discretion promise objective discretion to make that determination. That is what led to the irs scandal targeting for the conservative groups. About these new rules define what constitutes political activity and they want the irs to be neutral. People were arguing that it is tough on the right. This gives them too much power to decide who will enforce and not also if we become of a nonprofit to enjoy those benefits when they truly are or do we have to give up that status to support that Voter Registration and. So to make these corporations choose. Their goal to expand andy golf so much even with obamacare should we be a little larry of the iras katy more power or objectivity . Idle the. Is. Under the current rules it leave said in the tunes of employees to have willynilly decisions and give structure with a concrete definition. I disagree with your earlier guest is not constitutional if it goes to court it is not prohibit the free speech they can still conduct it. Chhrles dick said prevent people registering to vote. That cannot be the primary objective is exempt entities are not supposed to be doing that. So they stuck could engage in these activities. Charles it seems like the gray area comes up we have a shadow the interpretation issue but do you think maybe it will be resolved in a Supreme Court . I do. It will be resolved and free speech is a central issue of whether or not they seek nonprofit or their free speech is infringed on this regulation. The courts will rule that is charles we will have you back. Still ahead executive action alert calling ceos back to the white house the president pushes them to create more jobs to their like what they heard . What does this loss say about us . Dont miss it were already tweeting about we want to hear your thoughts but first bbll is here with a major super bowl announcement. Next. [ male announcer ] a car that is able to see, to calculate, to think and can respond to what it encounters. Even if that means completely stopping itself. Its the stuff of science fiction. Minus the fiction. The 2014 eclass. 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If you can afford your medation, astrazeneca y be able toelp. Charles 4,000,000. 30 seconds of glory that is so much the average spot cost this year a small price to pay like budweiser or chevrolet but would you believe me if i said this was free . They paid absolutely nothing thanks to bill rancic. First of all, it is compelling. I want to know more so that worked but how did this seibald . Web brad and his team broke the idea one year ago the hardest part was to keep it secret because everyone was so excited with the opportunity of a lifetime. The issue was too shy the light on Small Business. Charles a oneyear process. How did you get out there . Small businesses want to be heard. We have had a tradition and to be the champions Small Businesses so we got together with the best leaders had reduce something that has never been a dud . Imagines an advertisement that they dont have to pay for it to so we started off with a social campaign with tens of thousands of Small Businesses right as regional stories and we have a winner charles can you tell us . We back we can have. It is a company out of california. Charles in the beginning i dont know what is going on but at the end i aa, as is the nearly 100 percent sure but why this company . It was noted it was the two per cent company one year ago now with 50 employees now will we is a defect that it was started by a female engineer stanford student that as the child she was not exposed due to always with nafta without a teacher should never wear got involved now it mixes storytelling to introduce skirls two bassam science. We are excited. Charles do say we have to get them on board. That was the first suggestion. Key and spired people rather world. This is the ted your anniversary and my life changed when i was hired now thanks to brad i can pass that up for work to change somebody elses life. Charles with the Current Business climate one week it is good the next week it is not but it does not feel like the typical recovery with a certain impression. We have that one of 12 americans 25 of the gdp floats through the customers the honest answer it is getting better. It is not where it was with 2007 but Small Business live the way to persevere. Charles right now it is died doubted the a vibrant but if you are there will bottle what is the proxy . You have to be agile to see Small Businesses survive they have readjusted. Charles of they say we love you i have a business idea but i am afraid. Dont be afraid to use the resources the prime example is goldiebox started with kickstarter when i started my business in 1994 i do not have that luxury to use the internets. Charles congratulations is fantastic. We like to focus on Small Business i cannot wait to see it again. The administration bryce about Economic Growth but what is not growing is the paycheck why that could lead be checkmate for the president s policy. Open to ambition. Open to ldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Charles deceives the president s economic recovery may not be the rosy picture he paints. Half of us still living paycheck to paycheck with little or no savings. That does not sound like a recovery to me. What we are looking at is three times the level of longterm unemployed. We still have too many dropouts in terms of the labor force and since the jobless rate hit 10 percent to thousand nine much of the decline is due to the dropout. So we have tepid job growth and not the economic dynamism, but the animal spirits because optimism is day force multiplier to get jobs back in the economy we are not at that level yet. Charles that is the problem people can give statistics but there is a lack of the aura that should have kicked in by now. There are all sorts of reasons for that and there is a scenario that is laid out it is not a political issue we could have a conversation for what she laid out very accurately but that would be a waste of time. The president is suggesting. There is no easy way to come back from the economic crisis. No way to fix education nothing to the decades long shaft so as a country rework on of these segments. To his point they already said it takes seven years on average for economies to recover from a financial collapse. We have a banking collapse so it would take seven years but what we talk about is the president doing a bright house summit are hiring longterm unemployed but it is about incentives in terms of taxes and regulation at the worst time to have a worse financial collapse you do not go in there to restructure the u. S. Economy or the financial all sector. But not to use the degree we have seen. It is a question. I totally agree we should have a thoughtful edged education. I think the president has tried to have that but no doubt from the political perspective reidy to fix the regulatory of the finance industry. Charles we went after the banks they are still working on dodd frank but do you think those policies with those policies . That is a loaded question of. But then just to let the markets. Encouraging them to say yes we are. If you say it is noo his first instinct then i would agree. I am losing track of time but the banks are beginning to send more and the setting standards. But the problem with washington d. C. Is reform. The matter what it looks like if it starts to outsource this legislation. Charles we have to leave it there but i do think our economy should be doing a lot better than it is. Not to make a political but we should. By the way the president told the ceos today we one who is there a the president is glad he wasnt. Wait till you hear what he had to say. Welcome back. How is everything . Theres nhing like being your own boss anmy customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Charles . We have engaged players of all sizes to set up exclusive hiring policies to make sure recruiting practices spellbind with another executive action this time with the longterm unemployed at the warehouse he was not among the be is not a fan of the Administration Economic policies. Gerri who runs a business i can understand. The other day i ran down to show that cost at burger king that they were so awash after the monday that they could afford to double wages i yield the floor. If the president wants to encourage businesses to grow it is not that complicated you cannot increase taxes and energy cost for carbon fuels in an increase Health Care Costs and Health Insurance costs with obamacare id to increase the minimum wage dont stimulate or subsidized or compelled just get out of the way american businesses want to grow there are three republican bills of the house to encourage growth one of those must be something the president and the congress can get together. Food isnt hiring longterm bond played . Is everyones a troubling to set dawn dash to accept the job who is turning it down . People are not turret turning them down. Charles that is a wonderful play because whenever we hear anything the message is somehow society is treated unfairly by business and politician but somehow i have not heard this makes me feel warm and fuzzy. When i hear words like inclusive am publicprivate partnerships that makes me feel nervous. The president is a real. He officiates policies that discourage Business Growth ann job creation at the same time there are necessary policies but expanding it to Great Lengths to encourage people not to work so you discourage job creation and encourage people not to work the buck up the numbers to say why arent people working . Hire the longterm unemployed it is not realistic american businesses will grow and they want to grow there are bills them policies and approaches out there to get the government out of the way without any stimulus or spending we will create jobs and prosperity to get people those jobs to get the selfrespect of the dignity. Were rolling to do that we just need the government to get out of the way. Charles i dont think that will happen with this a administration but looking at the numbers closely looking at the income statements we could be at the point where consumers are spending at the expense of savings and Consumer Confidence is a little bit higher coming off of Capital Expenditures the be we could get some wind in our sales . American businesses are always trying to grow. But what you have talking about little little bit earlier the indicators are up endeavor buddy panics but the question is is it a being up or down . What discourages businesses from growing those entrepreneurs from creating new businesses because taxes are too high when you have those policies in place it is very difficult to get that trend sicced intricately up towards the people are excited about the news that day but that is not what to look at. Looking at the Labor Participation rate people just arent working space and we are willing a and able to do it charles thank you very much Principal Financial Group Chairman and ceo was that the president s meeting today. Thank you for joining us. Did you feel that the deed was concrete . I would say the president and the department of labor, Gene Sperling, i really do think there were there to listen as well as direct the priorities. Charles do you feel is in a tugofwar . Both sides have different agendas does the Business Community think it might have changed the president s mind on anything . Seven god is the Gene Sperling made a great point just prior to the president s arrival in which he said if this is guided purely by politics this is not in the issue would take up because we are talking about long term of appointment which is not a political vendors so i do think there is the of this effort to focus on the issue he also commented that unemployment 6. Seven per 7 percent nationally if longterm was back at the same level it would be 5. 1 so it was to look very different just to get that segment back into the working population. Charles but when you look at an employee deal look at that . Are you literally disappear redeem because they have an average job for them to. Charles months . Event we dont discriminate and now weve fashioned but it example that was shared today there could be one dozen or more but it is common today to screed on the of by go credit score. If you are in the longterm unemployed category there is a much likely likelihood though for a vote home mortgages not they did so then you have lower scores that is the example that baby to take a look at. Charles it is so complicated it feels like we have these meetings every so often nothing materializes. We hope it would be different. Charles delivered by drones . The government is against that and puts the whole thing on ice. He has the most common kind. Its not caused by a heart valve problem. Dad, it says your afib puts you at 5 times greer risk of a stroke. Thats why i take my warfarin every day. But it looks like maybe we should ask your doctor about pradaxa. In a clinical trial, pradaxa® Dabigatran Etexilate mesylate . Was proven superior to rfarin at reducing the risk of stroke. And unlike warfarin, with no regular blood tests or dietary restrictions. Hey thanks for calling my doctor. Sure. Pradaxa is not for people with artificial heart valves. Dont stop taking pradaxa without talking to your doctor. Stopping incases your risk of stroke. Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleeding. Dont take pradaxa if you have abnormal bleeding or have had a heart valve replaced. Seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you take certain medicines. Tell your doctors abouout all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask yr doctor about reducing the risk of stroke with pradaxa. When electricity is generated with natural gas instead of todays most used source, how much are co2 emissions reduced . Up to 30 . 45 . 60 . The answer is. Up to 60 less. And ats a big reason why the u. S. Is a world leader in reducing co2 emissions. Take the energy quiz. Energy lives here. Charles thats is cool but not to the government the faa tells them they cannot use drones to deliver the be here. You are probably every mans hero for a brief shining moment. [laughter] what happened . Great ideas. We went to demonstrate we lifted it up over the lake and we did a videotape to put it on the Facebook Page sam of fans went crazy the faa heard in the interview to give me a call. Charles and in all fairness the case of beer or a sixpack is pretty heavy you could do serious damage. True. So we have to be more careful that is why we would go up the level to me eight plaited a drone that could lift this wait wore heavier. Charles be to render stand wear they got in touch with you . If they let everybody bloodier over your head that could be a problem. Charles the you are talking to move into a more robust model how do you get around that faa . We have to embrace the faa to get with the regulations when they come out. Theyre working on it now now, beat out with possibilities. The mistake we made is we were a commercial use we thought it was recreational because weaver under 400 feet a day are responsible for the air down. Charles amazon talked about this the large majority of our 6 pounds for them. Do you think they would be accommodative to people or do you think they will say they need more time . Disruption and it did a good way but that is not what the government typically embraces some of the guy tried to tell them we should work with them so they could anticipate because there are more ideas coming. I cannot imagine and delivering down the street a piece of shoes but over a frozen lake we could do it. There is nothing in the way it is flat there is the eyes house space and next to it and come all that is not hard. Charles there is a way you could make this day distribution just beyond the frozen lake i am sure you would take it . We are setting up a drone ports at resorts are restaurants that already have the beer. We are ready in 2015 we will be the first ones. We have proof of concept. Charles you have made be thirsty. You will make a lot of money this weekend i love innovation that you did this and in fact, i love the idea you force the faa to get off their you know, what to make decisions. Goahead. You got the regulations i said put up the commercial. That is what thhy printed for us. Charles have a great weekend. With tonights quiz who drinks more . The blue face or the red face . Next. This ithe quicksilver cash back card from capital one. Its not the juggle a bunch of rotatg categories card. Its not the sign up for rewards each quarter card. Its the nogames, nomessinground, noearninglimithaving, doilooklikeimjoking, turboboosting, heavyweightchampion oftheworld cash back card. Thiss e quicksilver cash back card from capital one. Unlimited 5 cash back on every purchase, everywhere, every single day. Now tell me, whats in your wallet . Open to innovation. Open to ambition. Open to boldids. Ths y n yor has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree busiss at startupny. Com. Charles if it is time to let loose with the addition of view were. [laughter] here is your reaction to people with their sharp turnabout on twitter. Who drinks more . Beer and spirits consumption is up liberals drink. One person was tweeting i would drink more also if i was on the same team as obamacare. Take the edge off slow economy and high taxes. In addition to economic policies liberals are incapable to operate heavy machinery. [laughter] conservatives have more fun when they drink. Charles do you drink when you are happy or sad . It makes me happy. [laughter] but we let loose a little more but the sttdy is flawed because when the roles say it drives conservatives to drink. It is the red and the blue stayed. It goes up with the liberal states more conservative thinking id be a dream. Although in washington d. C. They drink more champagne. They are spending our money. Have you see this all the open they use the sensors to measure the heart rate. I think it will be a bust. It could cause all lots of divorces in a useful product for that hackers. First of all, you can not quantify. Charles they were way ahead but the japanese tried to find these mechanistic ways like shakespeares said one of has a reason that reason knows nothing than the japanese try to put reason. Charles but there were no sensors to monitor the heart rate. Charles the chemistry does change civic you could take her to reveal she sees somebody on screen that she falls in love with and i am afraid. Charles that is why you are here but there is the difference between love and lust. If there was a way to monitor when somebody was in last. But when you are in love in the intimate setting you get all Funds Service brought makes this happen by itself. That is the idea. Charles you need a little better practice are you still giddy . [laughter] charles i am trying to make you say something. [laughter] i appreciate it. Now hackers are hacking your email. What major rail service just got it . Mail service just got hitorbi . [ male announcer ] once its earned, usaa Auto Insurance is often handed down from generation to generation. Because it offers a superior level of protecon. And because usaacommitment to serve current and former military members andheir families is without equal. Begin your legacy. Get an Auto Insurance quote. Usaa. We know what it means to serve. Charles the feds are investigating a widespread hacking over you may utilities today is the passwords but joensuu is not the latest company to be breached. It is the threat to their stocks as well . This is very difficult along with a target and neimanmarcus is the frequency it is just more and more often. Every time the user goes online it is that experience if it is positive it is great but if it is negative maybe they will have second thoughts and ultimately that is the effect of the bottom line is a profitability. Charles i think targets stock hit the 52 week low you have to believe this scenario is so embarrassing it has to hurt the bottom line. Not only embarrassing but disturbing because the whole internet is under attack all Service Providers are subject to being attacked. Yahoo e mail drop 5,273,000,000 users globally i would be concerned if my user name and password were stolen because they use those for other products and different connections. It is very disturbing. Charles were not sync when but people dont necessarily miss the be they will not go to target but they will use their credit card may be you dont use yobbo yahoo we just marks those out that let us down. I agree to that point but the frequency that this is happening with the neimanmarcus, target, ya know yahoo and is this information going to end up in somebody elses hands down the road . Charles i was in target last week they said cash or charge . I thought he was crazy. I said cash. [laughter] amazon now considering hiking the price of amazon prime. Is that risky . I think it is but they also have to. Look at this quarter with 200 million net profit over 25 billion of revenue but they will have to do something costs are increasing it is a natural probably overdue but it has to do. Charles but for the most part this is profitless companies and have gotten a free pass for a long time in that may be going away they may actually have to make money. Then the bottom line unless you make a profit or a forprofit company you will not survive even if your name is amazon. They have not raised the prime cost in about two or three years. But you still have to make money at the end of the day and focus your fforts. I think they have diverse into amazon candle and of the cloud the the focus of what is working for them to raise those profits up i will not kick them out because of their portfolio but they will have to make money sooner or later or they will not be in business charles you may kick them out of your portfolio after a couple more sessions like today. I think they will raise its idled think it will be a problem at all. It is time for the nightcap. A lot of things are going on border you focusing on . Eview janet yellen takes over the issue will be confirmed by bow watch what the fed will do with the repurchasing and globally with the emerging markets have a lot of issues. Is particularly looking at china with the Crisis Currency and shadow banking a way to put a squeeze on the emerging markets. That is what i am looking on next week. Do they think they will let the shadow banking go out of business to send of message then come to the rescue so it does not get out of hand . I dont know will happen or not but this is on the verge of a situation. We have to walk carefully but they carry a big stack. Charles all roads lead back to china you became something of a raging bull bowater you focused on next week . Long term i am focused but what will keep me above the weekend how things will turn out over in asia. China is my focus with the shuttle banking. That is bigger than most realize there under the rug with the whole Global Economy but i will look at how asia and europe opens how the u. S. Open and did the emergingmarket currencies take a hit be will have Serious Problems it is very reminiscent 1997 we had problems with u. S. Markets. What to be worried about. Charles but they were a flash of a pate and that had a good buying opportunity. That people look at this has the same situation but the market has not corrected i am not overly concerned i would love to have it drop 15 i would be all over that charles you were fantastic. Thank you for watching. Here be loved to things. America. Freedom. Football. And math. That is why it we have commercials live guacamole why we will study the greatness. We are the independents. I am kennedy and also matt welch. [laughter] and you look g