President. According to the bureau of labor statistics. 10 Million People unemployed. An additional 91 million are out of work and not even looking. They have given up. Washington bring the president took a page from the wpa years ago. We havent done anything new except the president is trying to defend the creaion of government created jobs. Rather than saying we dont know what would have happened had the government stayed out of the business of job creation and allowed the economy to move forward inhe private sector to create jobs in a more efficient manner. You can argue coming from, you know, the private side, we know when government get as large as the government. It crowds out the private sector. Mitigating what they can do for the economy. If you look at the situation five years ago there was bipartisan panic over the state of job. They wanted to rush as much money in to the responsibility with shovelready investment. It was the term. Youre simply putting transfer payments out there or getting in to crony capitalism. You cant do the temporary programs. So you to give businesses longterm tax policy reform. Longterm entitlement reform and businesses need to be able to plan over a multiyear period. The programs dont work. And the big problem here is exactly that. These are temporary unsustainable jobs. If you were 2009 when the tarp billwent through if you were a Green Home Energy owner you were a winner. If you were a regular homeowner you were a loser. If you were ig, loser. Thats had a debiitating impact on the econo. It. I think it has. It was supposed on a Green Energy Bill and infrastructure bill. Only 6 of the stimulus spending was spent on frastructure. It would have been a great investment. It so you a longterm decades long return. It very small percentage a couple of percent was spent on truly green energy. We didnt though money at this. We we open the cusp and almost worked. We could have made it 1. 5 or 2 trillion that worked. We dont see eye to eye on that. The problem is bloated government is the economys worst enemy. And the best thing we can do is stream line government. Reign in the progressive state. Team line the tax system. Third and Fourth Quarter gdp we saw a move of government spending. Particularly in the Fourth Quarter. And ironly what we saw with Consumer Spending was up and business spending up. Do you think we are getting clear signs that can everyone take a cue and get government out of the way. Maybe well get traction ourselves. Government does not produce well. Those dont create jobs. Because businesses need to look over a ten to 1020 year period. They have to plan for their cost. And so when the short term stimuli come in, they are discounted in the private sector for business investment. I guess you could say government doesnt create broad wealth because trillion dollars ite a few cronies made a lot of money over the last few years. When it is easier and not to work its hard to lure people off the sideline. Guys, you are fantastic. I real appreciate it. Thank you very much. Well, you know, in spending just doesnt spend. Welfare and other federal aid programs hitting a trillion dollars a year the cato economist said it is getting pretty dangerous. Dan, im thinking more than pretty dangerous at this point. If we cae not only the Economic Vitality of the country but moral fabric and the spirit of selfreliance. The work ethic. Independence from the state. These are all things we need to be concerned about. What is moral is getting 47 Million People on food stamps. Thats the moral objective of the nation. Or what it should be. What would you say to someone like that . We could have richest float down from heaven and never of us have to work. If you didnt snap your fingers it might be im immoral. In the real world, you cant redisrupt unless produces something. And the problem with the welfare, as you learn more and more people and the dependency as you trap them in longterm intergeneration poverty. If you dont have enough people pulling the wagon. That wagon is going to bog down and what i said earlier in the interview about what is happening in greece and italy. This is my concern. Becomes even more dangerous. Can you pinpoint a number. The point of no return. I dont know theres a magic tipping poin i think its more about the culture, the social capital of the country. There are a lot of Older Americans theyre living on theyre on social surity. The government forced them to be in the program. They had no choice. They dont see themselves as part of a dependent class. Do they view the state as a racket to enrich themselves rather than something in the background open ables us the welfare state becoming the overarching welfare mentality that new orleans is a tipping point. You are fantastic. We appreciate it. Talk to you soon. Next, what is the diference between Nuclear Bombs and Global Warming . Well, according to the secretary of state. Not much. Scare tactics gone wild after scare tactics gone wild after this. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Poy wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Oh, its great. Yeah. [ male announcer ] the best thing to share . A data plan. New at t mobile share value plans for business. Our best value plans ever. For example, you can get 10 gigs of data to share. And 5 lines would be 175 a month. Plus you can add a line anytime for 15 a month. Sharings nevereen better for business. We not allow a minority of shoddy scientists and extreme aid log to compete with scientififact. Obviously looking at your website clima default. Com so you a large caricature of secretary kerry with the comment. What hes done is fascinating. A large part of president obamas legacy as well. Made similar flat earth comments and kind of things. What do you think is motivating the administration with the comment. It a fairs or a smoke screen for john . It is theyll they have one thing in common. The solution is always a Global Warming. The solution is Central Planning more government control, more international bureaucrats. Controlling more aspect of our lives. So in a way this is what the political left always looks for. Some kind of ecoscare and john kerry has been plugged in welts president obama. So john kerry looks at this and as an opportunity to expand the goal. Obama is going to executive order. Hes going to be all the behind the scenes below the adollar achieving what congress refused to do through regulation. John kerry is poised the survey only 25 of people thought that the universe reinvolved around the sun. It used to be uni thinking. For 2 hours years all the scientists agree that the sun and planet reinvolve around the earth. As a researcher and we publishd a book over a 1,000 scientists and many of them former u. N. Scientists who turned against the ganization. You can see it the list. Its an amazing list. And many of them were formerly really deeply alarmist. People like james love lock. Now it is we are wrong. And we dont know how it worked out. Scientists like judas comes if. And john kerry with the outlandish statements. Lets hpe we all learn the truth before the money grab is complete. i as we know the cost of education has never been higher. Thousand of people could gate free ride. All they have to do is commit a crime and wind up in prison. Thats because new york governor wants taxpayers to fund a new program that will allow inmates to take college classes. Chuck liked the idea. Jesse said its a total waste. Theyre trying to be ractiva problem they should be trying to prevent. New york city alone has 54 only 54 of its children graduating high school. That is the bigger issue. Shouldnt we be trying to fix the problems allowing the poorest and the most disadvantage in our society to end up in prison . We are treating prison like a boarding school. So most of us have to work hard, join the military, or have a second job to get through college. Meanwhile its going to become a joke. You can go to jail. But the math seems pretty easy here. An inmate in new york cost the taxpayers 60 ,000 a year. Costs 5,00 if we give college credit. Those people are three times as likely not to return resit victim rate of 40 . Get them an education on the feet and never worry about them going back to the system. First of all, i question 5,000. When i look at the numbers my college didnt cost me 5,000. I still have loans out on it. Hit someone in the head of a brick. Lyme looking youre reward people for fail. s not the way the society should be generating. We have Charter Schools that the mayor is proposing hes going to charge to use Public School space. These are the most disadvantagened of children. We make the most disadvantaged children have it harder to finish the education and turn around and duoto business and get their education. Those numbers dont add up. Its not a say argument. I think some of the point goes hand and hand with the other things instead of asking people to raise themselves up were saying you stay where you. Well come to you with goodies and rewards. It doesnt motivate them to ever move out of that position. To be able to get a job. Or get a job and pay taxes like the rest of us the lesser of two evils there. I would like to see it become an Incorporated Part of society that out there with the brick against their throat. I was in the military like yo. I went to school while in college. None of my friends went. When i eft they were knockingg3 back. In two hours ill catch up. It was free. Who would take it in prson. This is absurd. I had sacrifice 20 years in the marine corps. Thats how i got my degree. O sit there and say lets pay them after the fat. Lets fix what is going on in societyilt prevent our young parttime going to prison and fix the problems we have in the education system. Thats absurd. On the sucking chest wound. You put the credit card stop the air from going in. The one side. You got it. Fantastic. Appreciate it. A lot of passion. Hopefully well have you soon. Thank you. Meet the ceo trying to make a big buck delivering flowers with drones. He did until he was grounded by the faa. [ female announcer ] who are we . We are thinkers. The job jugglers. The up allnhts. D the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Charles a problem for this florist, faa grounding flower delivery at express. Com delivery dromes, company tried them out to use them for valentines day, but government said they are unauthorized. Wesley barry, companys ceo, lot of people talking about oney being future, you are trying to get ahead of the curve. Big tngs have small beginnings, we were trying to learn how to operate them, and incorporate them into the Business Model. Charles did you do a few test runs ethen everyone called up the af faa, how did this go down. Im in the sure about how the faa got involved, i know we did several test runs, and we crashed a few, we learned some lessons. We lrp srting to approach a learning curve that meeting meaningful, we had a successful delivery, we were intending to do a test on valentines day, wever we got a phone call from the friendly aviation Adeste Fideles min strag, they told administration, they told us we needed to cease and desist. Charles lets talk about the one that crashed. A lot of people dont want to live in a world with a bunch of drones hovering overhead, we do believe the technology will be improved. Never full proof, but what happened . Well, drones do not meet cement blockalls with a great deal of how did you control were they controlled with a did th have video cameras . No one could walk along the side by side with them, what is the long gist call problem logistical problem. That of the when we were trying to get it started off, there was a correlation issue that needed to be done with the navigation system, if you interrupted the process it would not know where it was. We had some setbacks. That is the mole poin behind a whole point behind a learning process, you learn how to do things, we did not expect for this to go into wide circulation, at this level, but we needed to experiment and learn, and find out what is good, what is bad. In order to be able to properly execute a drone commissions program, which hope to do soon. Charles when you hear that someone like an amazon would love a fleet of these, they are insting a lot of money, do you think because they are a giant Company Maybe they will get favorite status, maybe some of the trial and error you are forced to go through they will skip past . I wouldnt be surprised. I know they are in abetter position than we are to investment in technology. And all in connects withins government, in terms of lobbying, that is a little disheartening, however im confident that given the opportunity we would be able to develop the same sort of techniques and technology, the faa is really, you know getting a little bit in our way. Sometimes the answer is not always found by government, government does not always solve the problem, sometimes government makes the pblems. Charles i hear you, good you are not giving up, i am sure you will get it to where you have to be. Wesley thank you appreciate it. Thank you. Charles be careful when you log in, you could end up getting locked up police use facebook and twitter accounts to nail criminals. Charles be careful when you post on first base, your friends are not the only ones watching, so are cops nearly every Police Department is using social media to investigate crimes into nail drunk driving suspects, finding pictures in bars, and use twitter and facebook to investigate Violent Crimes like rape. To the lawyers, said police are able to do that sam holder said they are crossing the line, tamara you think if you put it out there for public, why shouldnt police use it. I think that there is a standard, if you put everything out there it will be used against you, but things are going on is something kind of a fraud, you know attorneys, and investigators are getting into peoples facebook by thinking that or tricking people, then they get information instead of using regular investigative traditional techniques. Charles rebecka, it sounds like a pretty good shortcut. I could go online, suspect told me all i needed to. Know. Right, to maras poin aside, i recognize if there is any fraud, it is improper, if a policeman goes online, and opens a fas book account, and they are not privatized. It is admission, they have to prove they posted it, but if you put things to facebook could, be prepared whole wld is find out . It may be an admission or can could be. But the problem is judges are now allowing all of the information to just be add miserable to court, im not saying it soon shouldnt be but judges, prosecutor defense attorney should look at the new information and tomorrow whether or not they should use it. Charles what about the idf self incrimination, does that play a role, or is that after you read your rights . Anything you can say, hey, i took the photo, it is private. It all goes to relevance without signing too legal, just because you were in a drunk driving accident, and you post a picture of yourself drirnling does not mean that is relevant to t casetself. That is just in the 4 corners of the courtroom, so that is the problem that judges are having is allowing stuff. Charles rebecca i think. Charles theave of the future . I think, just as prior to facebook, and twitter, there were admissions to other people, a judge can withins 4 corners of his courtroom died whether or nodecide whether or not it is add misache within the law, but this is an as pack, manage positive for police it use and Law Enforcement to use, if they can track you, figure out where you have been, that could add up to, some thing, then police could support in some east, and arraignment. Then, a prison sennce for rapists for killers, murderers, why not use it,. This is , of course, it has to remain current. This sudden just criminal cases should isnt just crying cases, problem attorneys forking into peoples facebook, twitter profile to use that information in child custody cases, divorce, things that you saying it should be off limits . I think that people should absolutely be careful. But alsoe have a certain expectation of privacy in the, counts, we dont expect that everyone we put out there is going to be used against us, at the same time dont put everything out there. How is that distinktion made, will be be a rulinga will give us a parameters of the whole thing . I think this is a case by ca could for example, if abinvest get or uses fraud to go to machines facebook account it to someones facebook account it may be is a represent at ruling other than january posting manage someone posting o twitter for the world to see. Charles if someone posts something on facebook, and said i thought only my friends and relatives would have access, i did not the worldo see it, do they have the l to stan on. Charles police or Law Enforcement got a valid sou subpoena if there is fraud use to get into someones account, a judge should not support that material being introduced into evidence. Charles all right, lets leave it there ihink moral of the story, dont put anything o facebook that can get you in prison or higherral money payments or divorce, a great post valentines day topic. Dday after dday. New study said 1 in these american cup elses 1 in 3 american couple cheat, after this. Charles forget about breaking your heart the new batch of cheaters will break, bank, a Record Number of american couples committing financial infidelity, hiding things like credit card, and purchases and Bank Accounts from spouses, psychologist, dr. Duffy and pillar prince weigh in on this trend, is it new or becoming more prevalent. Most people have two incomes, people and a marriage with a level of Financial Independence they want to maintain it a lot of people people continue to buy what they want, theyly to spouses to avo a fight. Charles it sounds like you think it is a good idea there we alltel little white lips lie, if it affects financial staibility of family then it should be discussed. It is in the a new issue, i believe with two incomes, both spouses have money, it may be easier to hide money, if you look at reason that people divorce, arguing over money has been one of the number one. Charles number one for a whe. Very long time. Charles why would someone do it . Is it a reflect of lack of trust or what where is that come from that someone would not be honest about this part of their life. I think that say lot of things, sometimes a desire, people want to buy something or keep dism something their own, very often people earn money, it is mine, i earned it. Why cant i spend it. Charles maybe a whole new set of wedding vows, some argue it makes sense to a certain degree, both you are have made, people feel someone independent comes into a relationship, have you been earning money, you have earned this place in society to earn that money, why put is at risk because you said i do in. Well, i think probl is that, it has the same impact as cheating another partner. It is a betyal, you are lying to your spouse to ush mines trusundermines trust and relationship. Charles do you agree . Absolutely. Infe dealty is not just about infidelity is not just about sex, the honestly, people say, we made a commitment. Charles if someone had a side you know account where maybe they siphon off 10 that would be the same as a affair . Sexual affair . It is a lie, not the sex it is thely. Charles really. Why do you do that. Why condition ie honest with my why cant i be honest wiwith my partner. Charles what if they said, during the dating process, i noticed you were looseyoosey with the cash, and now were married, i am going to sock some away. They stash shopping bags in trunk, they forget to take tags off of a dress, you still end ul feeling like you have been lied to. Charles wow, i cant come to grips with it being you know that involved, this is on the same level as any other what are some other cheating, if i tell my wife i am on a diet but eating twinkiell day long . Think about an emotional affair, a secret friendship. But back to jimmy carter, if im walking down the street, and i say that is a sexy woman did i commit adultery . No, sex and money are two biggest thins that people fight about, these are big ones. Charles those are really big, this is from what im reading one out of three marriages . That we know about. Charles it could be worse, our divorce rate is probably not coming down any time soon. Thank you you were brave sports i appreciate it. Thank you,. Charles pizza going hightech. How you can make huge slices of cash by investing in pizza. What a day for neil not to be what a day for neil not to be here. [ male announcer ] these daysa Small Business can save by sharing. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Oh, its great. Yeah. [ male announcer ] the best thing to share . A data plan. New at t mobile share value plans for busine. Our best value plans ever. For example, you can get 10 gigs of data to share. And 5 lines woulbe 175 a month. Plus you can add a line anytime for 15 a month. Sharings never been better for business. Iwe dont back down. We only know one direction up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expand here. Or start a new business here. Moveand pay no taxesre. For 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. Find out if your business can qualify at startupny. Com charles there is big dough in pizza, especially if you order online, how big pizza chains use technology to deliver big sales, the big three, all reports 40 or more of annual sales now from digital orders. To gare scp gare and zach on whether you should investn pizza craze, jack . Yes, how are you. You know, i not only do i like the companies they have great pizza and cool technology, when you add over them to over 2000 other company in small cap space they have 3 employiu premium per year on average. Charles i will ignore the fact they dont make new york style pizza, but from an investment poin of view, hard to argue with success. Dominoes and papa johns stocks are fantastic, yum brand a little bit different they are strong problem in china, pizza is pizza, they got on to something with this technology. Whatever you can do with any business to make it easier for someone to order something your business will do better, they are flourishing. Charles restaurantsn general, it looks like we are eating out more and more, those who can deliver cheap and fast have the upper hand. I live in orlando there is more restaurant chains coming here all cool burger places, a chipotle on every corner, as long as you can deliver what people believe is good food at a reasonable price you will be able to grow. Charles people shoul understand disruptive Business Model are not just for technology. To number two, did you orders flowers for your last valentines day . Did you get them . Hundreds of 1800 Flower Companies did not. Apologizing, and credit vouchers, is this enough to keep customers coming back, and will it ease investor wries . They will come back, on valentines day, birthdays people men are buying flowers. Charles but not from 1800 flowers. You can go else where, there are sho online and look, bottom line, when you are a company, and you do not deliver, if it affects one sale that matter that usually feeds on itlf, we agree on that, but overall they are ibby they will be fine. Charles they probably a lot of people said they did not do it quick or smart, they call that number they saw, it done work, they went on social media is only area they responded apologizing, i looked at 108 flower stock, it is soso, trading about 5 bucks, will this hurt them or be nonevent longterm . Saying you are sorry in le in business is tip hike not enough, it is about the experience for consumer this is not a goodne, they need to make it right for en consumer they need to go above and beyond. Charles were seeing a lot of companies maybe theme two 2013 that pleads to 2014, the right apology, lululemon offending a lot of pple, abercrombie fitch, the right apology is part of the Business Model. You may have a chief apology officer soon . You maybutot just about saying you are sorry, this is a experience for end consumer, it hasnt to about the experience for home, right now it is not good. Charles you hear that music, you know tt means, time for the night cap. Gary, tomorrow . . Charles issue gold, 2 1 2 year bear market over, you saw it last week, i think it continues in months ahead, i think you with buy goal or silver, and underlyingtocks here, i am not sure what it means for market, im focused on that area right now, i think it will be a great few months. Charles gary, does that infur we may see inflation . Look, i think we have inflation already, the numbers coming out of the government are a joke, they changed how they rate inflation years ago, i think this is out there. The big key is, interest rates, if they stouter to back up big time then well know. Charles zach. Tomorrow in. I dont want investor focused on next 20 , no one knows if it is up or down, i want them focused on next 200 , staying longterm, own equities, direct hook to capitalism, remaining diversified, and rebalancing on highs and lows and remember, short volatility is that thunderstorm. Charles every stock we talked about, your name had a check next to it, you own it all, a lot cannot own it all, if we get a thousand. Pullback, you say hang stayhe course . A longterm bet for investors, they can own over 13,000 companies, 45 countries, with us that is what they have, that is what they sustain and rebalance, highs and low its will work. But, well see tomorrow night. Kennedy it is president s day, we never figured out what you are supposed to do to celebrate this winter day off, president celebrates fifth anniversary of stim plus passing sfi stim plus passing, they blog about success of a questionable government prop up, and jay carney 7 ou sense out a few tweets. You happy mr. President . We are. This is the independents
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