Transcripts For FBC Cavuto 20140926 : vimarsana.com

FBC Cavuto September 26, 2014

Never be president christie. All that and forget about an iphone that bends. What new york city mayor de blasio is planning, what he wants to do with iphones . Its bent. Eric holder stepping down as attorney general of the United States. Many on the right welcome it, many on the left chagrinned about it, and time awasting for president to find a replacement for him. Keep in mind, the white house is extremely concerned if it doesnt move fast, it could be dealing with trying to get a replacement confirmed in a potentially republican senate. More on that later to. Charlie gasparino on wall streets rocky relationship with the ag. Charles payne on the relationship worse because of the ag. And fox biz allstars, jonas max blixt and veronica dagher. Guests for you first, handicap, all of the above . Interesting first, jamie dimon once referred to dealing with the holder d. O. J. Is like dealing with the mafia. They are relentless. Wall street would want anybody in except for him. I think Kamala Harris, the ag from california has a hot. I think preet bharahan. He did a damn good job, if you look at that. A lot of this is up to the president whos going to carry out his agenda, hatchet man to do things he doesnt want to get his fingerprints on . Is preet the best . Is Kamala Harris . He picked jack lew as treasury secretary because he would carry his water better than anybody else. This isnt necessarily about paper. But i do know this, preet has been competing for this for years. One negative with him is that he and holder dont get along, i dont know how much say holder is going to have with his replacement. They actually hate each other. Neil as its effect on Race Relations, whoever comes after him, you cant be nearly as fiery, nearly as controversial, nearly as divisive. What do you say . I dont know if it will be in position to him. If it is Kamala Harris or someone else who is a black person. To charlies point, not only is he confrontational with the big banks but the ideology that driving him has operation chokepoint where they went after small gun shops or the gibson guitar thing. We remember the speech, were a nation of cowards, the way we deal with Race Relations in this country. The idea that weve gotten to where we want to get as a nation in terms of race, everyone grease weve got a ways to go but should have been in a celebratory mood, we have the first black president and first black attorney general. It was never good enough for i thought he brought it up more often than president obama, and i think he made it worse. Whether that was his intentions or not know that it had to be. Neil especially when he added that the president s problems come at the expense of those who are racist. Sure. Neil he didnt say exactly, that the gist of that. Veronica, im curious what the financial fallout of this is . Much of the Banking Community and the Investment Community to charlie gasparinos point, this is the guy who oversaw the shakedown, to the tune of billions of dollars, tens of billions of dollars, and they might be feeling or saying ding dong the witch is dead. They might be, he was not a friend to wall street, went after a lot of Insider Trading folks. Lot of enemies on wall street. Jamie dimon might be happy hes gone as well. I think the big question is whos going to replace him, and will they be friendlier to wall street or not . This is going to be a big pres. The president has had him as a key member of his team for many years. Neil what is he third longest serveing . Indeed. And i think this is going to be a big adjustment for obama. He knew this was coming, the timing is interesting as well. Neil what do you make of the timing, jonas . Hes depressed, i think he wants out of the job. I dont think he thinks he was successful. A lot of cash settlements, he wanted people behind bars for the whole financial crisis. That was a bomb. He alludes to he wishes there should be a bigger whistleblower following, i need more tips. I think he wanted executives in jail. He didnt get that. And wall street didnt get a lot of people on the Insider Trading behind jail. That was preets doing. Neil nevertheless, that in motion, what could be the next wave in this before they drag him to the big house. Mercedes to veronicas point, im stepping back and getting a Bigger Picture about normally in the last two years, of many administration, they tend to be just get ready to slowly turn out the lights. So the conventional wisdom is its not going to make a big difference regardless. Do you agree with that . It could, because it depends whats happening in the United States, outside of the United States. Remember, that the president wants to choose an attorney general that is one of his closest confidants. We saw that with president kennedy who chose his brother. Its an incredibly important position for the president to pick someone he feels absolutely comfortable with. I think Massachusetts Governor Duval Patrick is very much a good candidate. Hes a close friend of the president s. He handled the boston bombing very well. You know, hes up to play there. So again, it does matter because although we can say what we want to say, we can look back at president bush when we did have the financial crisis in the last two years and you want to make sure have you someone you can rely on. Neil no, no, youre right. Look at Rudy Giuliani and even in and the last couple of months in office. Duval patrick, i had a feeling he was a big deal at the 2012 democratic convention, when i seized this exclusive moment. Take a look. Governor, you have a minute to talk to us . Ive got to fly, you can talk to us. Neil you are getting good reaction to the speech. Thank you. Neil did you expect the reception that you got . Expected a lot from this president and his agenda. He really liked you. [ laughter ] charles payne, i understand the enormity of how big a deal this guy is. It was like 58 questions like no answer. But do we need an africanamerican . No, we dont need an africanamerican. No. Maybe mercedess point someone the president feels comfortable with. The president is about ideology than race, people should know that by now in this administration. Neil have you long been critical of the ideology, this is this and that, and antisuccess. Is it . I think it is. Thats been my thought. Its a progressive idea, you go back and you read some of the thoughts of the original Progressive Movement and this utopian society where people dont have too much and too little and regulated by a giant government that knows best for all of us. Hes bought into it hook, line and sinker and comes before everything, it dictates all of this decisionmaking above all of the other things like unions and stuff like that. Neil you could set this up smartly if you are the president or assuming against their worst fears that the senate goes republican, that that is the president s new attorney general would position themselves to were for the common man, looking out for you. The big bad republicans. And we went out after wall street. I dont think you noticed that Deval Patrick had a little cross up when you talked to him. Neil yes, i did. I have plenty of garlic. I agree with charles on this point, not that the president is progressive, but he does tend to pick technocrats that can get that position through. Jack lew is the treasury secretary, i dont think hes quite an idea ideologue, does eric holder agree with barack obama on fundamental things like social justice and Public Policy . Yes. But he was also an extremely effective. I think he was, you might not like him. Yes. Neil not saying you, in particular, but very effective what he did. Very polarizing too. Neil i will agree readily, do you think thats going to be an issue for success or right or left going to urge whatever you do mr. President , we dont need a polarizing figure . It could be, you definitely know his name no matter what side you fall on the issue, you know this guy has a lot of brand recognition, so to speak. The next guy, man or woman, the president may not want such a highprofile person. President obama is polarizing. Im not worried about that. What you need is, listen, dick cheney was incredibly polarizing, right . I dont care which side you agree, disagree, he got the job done, and sometimes this comes down to whos going to carry the water and do it right . Neil Deval Patrick weve got an in like this. He and i are simpatico. Meanwhile, new york city in danger, chicago in danger, atlanta in danger, all these cities with elaborate rail and subway systems all in danger to a terror attack. What were learning now out of middle east that has a lot of folks here staying up way late to the middle of the night . Hey, how you doin . It hurts. This is what it can be like to have shingles. A painful blistering rash. If you had chicken pox, the shingles virus is already inside you. As you get older your immune system weakens and it loses its ability to keep the shingles virus in check. I just cant stand seeing him like this. Hes in pain. One in three people will get shingles in their lifetime. The shingles rash can last up to 30 days. I wish that there was something i could do to help. Some people with shingles will have long term nerve pain which can last for a few months to a few years. Dont wait until someone you love develops shingles. Talk to your doctor or pharmacist about your risk. [ female announcer ] we love our smartphones. And now telcos using hp Big Data Solutions are feeling the love, too. By offering things like onthespot data upgrades an idea that reduced overcharge complaints by 98 . No matter how fast your Business Needs to adapt, if hp Big Data Solutions can keep wireless customers smiling, imagine what they can do for yours. Make it matter. Neil you need this at this time. The threat at home, via message from iraqs Prime Minister saying that his country has uncovered a plot for imminent attack on Subway Centers in the United States and in paris. Former 9 11 Commission Member lee hamilton says weve been here before, warned we could be here again. Sir, very good to have you. What do you make of this latest perceived threat . How real it is or likely it is . I dont think we can really judge it. This is not the first threat it. Certainly not the last one. Obviously the source of information we have is a credible source, we have to take it seriously and have to do everything we can to prevent any attack on american soil or elsewhere against our friends or our friends in the region. Its very hard to make a judgment of how serious, how credible these threats are. Those of us on the outside, not in government, probably cannot make that assessment at all. Those inside government have a very difficult job. They dont just get one such threat, theyre dealing with many such threats that they hear about over the course of a few days, and they have to try to check them all out as best they can. Im sure thats exactly whats happening right now. I wonder whats the pecking order, as i talked to co share tom caden, look for something cyber, dont forget the planes are still a fixation of terrorists. Are they all equally worrisome . Could this potentially be a head fake. What do you think . Well, in my range the threats, i would put the cyberattack at top because of the vulnerability of this country because were so dependent upon the internet, and those attacks can come from hackers, teenagers from countries, from anywhere, and do great disruption to this country very quickly. I dont think were nearly enough up to speed in defending against such attacks. Having said, that i dont mean to minimize the possible attacks from isis or myriad of groups in the middle east. Those attacks or threats of those attacks have to be taken seriously. They want to do us harm. We know isis wants to do us harm. We know groups who want to do us harm. We cant dismiss those threats. We have to take them seriously. Neil do you think we stirred up the hornets nest with the airstrike campaign. Fact that france is included in this and the fact that france joined in the sortie attacks, what do you think . There is action and reaction, we have a Bombing Campaign going against bad people who did very bad things. From our point of view, from my point of view, the attacks are fully justified. But you dont have a retaliation, if you call it that, by the United States to attack isis and expect the world to end there. It doesnt end there. Theres a reaction to it. So theyre sitting over there, isis and the others saying we dont have the power of the United States, we cant fly jet airplanes around the world. How do we get at these guys that we dont like . And think of asymmetrical type of an attack, an attack on our subways or whatever. Its perfectly logical tong theyll do that. We have to be prepared as best we can. Neil not as if they havent tried it before. Congressman, thank you very much, good to see you again. Thank you, sir, nice to be with you. Neil were at war with isis, but now at a twitter war, tweeting pictures of dead jihadists, sending a message of anyone thinking of joining the terror group, this could happen to you. Jonas, fight fire with fire . Yeah, its a little propaganda for my liking of a government. It is what they do. We got to discourage, theyre attempting people to join, people are prone to join who dont have jobs, theyre giving them a cult to join. We have to fight fire with fire. Neil what do you think . I see what theyre doing, i dont know if it will work, though. Theyre jihadist, theyre out there beheading people. Theyre not going to be worried about photos from the government. They are determined to carry it out here or over there, and i think theyre a real threat. Sending pictures on twitter, maybe that would detract the 18yearold american from joining perhaps, and maybe thats the state departments goal. Neil whether it reaches them. Thats true. Maybe its a baiting strategy to see who clicks on it and whos interested. Neil exactly, trying to weed them out. Mercedes, what do you think . I think theyre trying to have the social media war right now. Ive seen the video put out by the state department. If you havent seen, it its incredibly gruesome with the crucifixions and the beheading. I agree with veronica, i dont think it necessarily deters those who are committed and want to become part of isis or khorasan or any of the groups in syria or iraq. Again i keep thinking theres a psychological reason behind what the state department is doing. I dont know if its effective. Neil with the subway threat and Everything Else thats appeared, mercedes, the priority is on a high body count. We can talk about the cyberthreat. Thats very, very real, im not diminishing it by any means. If you go as a subway, you hope to do a lot of damage, a lot of killing. Its pretty, pretty clear to me at least that, that is a clear and present danger and threat with isis, isil, whomever. Right, exactly. And when you think about it. Think about 9 11. Who would have ever thought that these terrorists would have hijacked a plane and just struck through two buildings. It was just so, you could never imagine it, and i think that once we see the barbaric acts, the beheadings, the crucifixions, et cetera, its such a wakeup call, this is a real threat, we need to stay vigilant that 9 11 and the war on terrorism is far from over and its a longterm campaign that the United States is going to have to stick it out. Yeah, but war is never going away either, this is a permanent thing. Neil my fear is we would not be having the airstrikes if it werent for the beheadings. We dont want to be in a constant state of panic, it could happen. Thats not a great mentality for an ongoing period of indefinite length. The alternative is you forget them. Get a little too lacks, and we cant afford to be lax at this point. Neil what were doing in in country to deal with it. Coming up, next time your car breaks down, dont check the engine, you might want to check to see if you made your last car payment, on time. Stick around. To attain success, one must project success. Thats why we use fedex one rate. Their flat rate shipping. Exactly. It makes us look topnotch but we know its affordable. [ garage door opening ] [ sighs ] honey, havent i asked you to please use the we dont have a reception entrance. [ male announcer ] ship a pak via Fedex Express saver® for as low as 7. 50. agent ill walk you guys through every step. There are a lot of buyers for a house like yours. husband thats good to know. Know that chasing performance and fewer choices in retirement. Know that proper allocation could help increase returns so you can enjoy that second home sooner. Know the right Financial Planning can help you save for college and retirement. Know where you stand with pnc total insight. A new investing and Banking Experience with pne tools. Visit a branch, call or go online today. Neil imagine getting into your car and it wont start, not because you are having car trouble, there is something called an engine underneath the hood. Enough about my mechanical expertise. Its not starting because you have loan trouble. Auto subprime loan lenders are disabling cars driven by delinquent borrowers. Back with mercedes, jonas, veronica. Veronica, it sounds weird, but i guess the lender can deactivate the car remotely if someone is late on a payment. What do you think . I can see it from both ways. The lender wants money back, they lend out the money. Neil doesnt it seem like a little tony soprano next. Whats next . Who knows . At the same time, theres another question to this. If you cant afford the car payment, buy a cheaper car or get maybe you shouldnt be owning the car to begin with. I think theres maybe some mistake on the part of the lenders making the loans and on the part of the consumer. Know what youre buying, know what youre agreeing to. If you cant afford the

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