And with the latest to will not be the last. Gary says get ready for bad and john the field say that theyre just way off base. Why are you worried . I believe asset bubbles are created by Central Banks and we see it in a myriad of places. I have to sheets of 230 biotech said have become public with no sales of the last three years of 100 billion of misallocated capital when hundred square feet places in your city 1 billion not to mention that their private equity domain the price is our our friend. It is an accident breeding to happen but i will say the end of the mover of the bubble is good to the upside but we have not seen that yet. Neil how long does that last . We have a five Month Movement for an 2500 up at 5,000 usually get a glorious days at the end of the cycle and i think within the next year. Dont disagree with my good friend about the Biotech Sector or the worthless Internet Companies there is always going to be pets. Com select at the nasdaq that have 32 percent with microsoft and google and amazon with hundreds of millions on their Balance Sheets with someone else Profitable Companies of all time that isnt a fair comparison. Has diversified itself some but looking at that multiple Going Forward compared to something that is measurable we will see a pullback but not a crash. Neil that is the argument that is different this time. How we repeat history there is sold many more Viable Companies now that he will have those candidates that are generating anything close but not nearly as many . I never want to disagree with a man whos finishing maneuver is to wrestle the ring is a clothesline from hell. [laughter] but my issue is one fulled but around the globe the markets are based on 13 of 14 trillion of printed money and o Interest Rates in some areas are negative Interest Rates and if that is normalize the valuations will come down markedly. There is no way we have an 80 drop coming because the eliot rations were totally ridiculous but we havent had a bear market in six years and typically that is a minimum of 30 and i think that is around the corner this year may be 2016 depending on more money printing. Neil there is a separate argument that the nasdaq is undervalued to get as 68 or 6900 to equal the year 2000. I could be wrong but that it isnt really that bad . I agree. Understand what he says about market policy in fed policy driving up the market values but i dont think we are there because i still dont think they are in a place for money to go if you look at that many valuations if they spend an extra 500 million to them it is not that much as crazy as that sounds they have so much cash on their Balance Sheets to see them drive up to valuations that spend money to put it back into shareholder dividends because that means the leadership is not that creative. Neil thanks. In the meantime is this the one that is creating the bubble keeping Interest Rates this low . But jonathan says we need to worry when they start rising but more if they do not. If ephedrine is intervention it is always destructive especially by the Federal Reserve. People forget the most prosperous era in this countrys history occurred before the fed for was ever created but it does create now and this man and uncertainty in shortterm thinking it is impossible to know the days of bond market or stock market crash or extremely low Economic Growth white japans lost era of but the Federal Reserve creates mile investment so why should this time be different. Neil i will leave that but would bayshore fere if it takes its time to raise rates . Because that is the wisdom it will scare the markets been you argue they should be scared now . It is also taking its toll people are waiting to see when the fed starts to raise rates. Think of those sections who cannot even keep up with the cost of inflation because of lower Interest Rates. So the net result is impossible to tell but everytime government has got involved with markets destruction always follows whether ethanol, a housing boom and bust it is exactly what they do. Neil so we dont see that hike this summer or the fall so that is a moving target then what . I disagree if you look at the Interest Rates especially longterm theyre already starting to move up. So we have the situation historically prayer the fed is behind the curve causing even more uncertainty. Witty or a Hedge Fund Manager or joe sixpack think longterm cheers strategizing and intervention in the marketplace by the fed distorts the process completely. Neil thank you very much. What about joe wolf pack . Because of inflation. In the meantime is of a bigger bubble about to pop with Student Loan Debt that is getting downright dangerous . Astronomical. Inflation and ticks along at 2 in the general economy but they are a twelvefold over the last 30 years think kids are graduating walkout with an average of 33,000. Imagine with your plan to buy a house or get married puts everything on hold for a long time. Neil when i was the kid we all have to get but even now on a percentage basis . They say with inflation adjusted terms . I dont buy that all. Starting your first day of your job with 33,000 on your back . 19,000 i am giving you per year numbers. It isnt like the money is spent on a better education than either. I was told to go eat breakfast and lunch on campus he would be shocked. The omelette station or the sushi bar. The stuff that they get is amazing but nobody can afford it. Neil and tuition freeze . It is very successful and it is catching on an end Governor Walker tries to do that in wisconsin. Neil sometimes the cure compounds the disease with generous loans. Now the president wants to forgive the debts of we will have more. It is you and me and every american taxpayer in the country. Neil what about if we reassess . With the skills we have long forgotten . Gimmick they will make more water than the underwater basket weaving graduates. And was told schools are facing extinction if they dont change their ways because the middle class cannot afford it. Theyre giving scholarships to have 150,000 if you cannot afford college on 150,000 household Family Income who can . Neil so what do you do . Cried. [laughter] what do they do . Of 529 you can take the money out taxfree. Here it is the best option not there the you really have to start early to allow that money to compound but in the meantime tuition will go higher. Neil i just tell my kids go straight to prison. [laughter] this is all introspective on her show the willis report. So as you go into financial hell she will call me tell you. And Animal Rights groups just took elephants away from the circus and you could be next. You can relax because they said nothing about passes to the democrats. At mfs, we believe in the power of active management. Every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. Which leads to better decisions for our clients. Its a uniquely collaborative approach you wont find anywhere else. Put our global active management expertise to work for you. Mfs. There is no expertise without collaboration. You just got a big bump in miles. So this is a great opportunity for an upgrade. Sound good . Great. Because youre not you youre a whole airline. And its not a ticket youre upgrading its your entire operations, from domestic to international. Which means you need help from a whole team of advisors. From workforce strategies to Tech Solutions and a thousand other things. So you call pwc. The right people to get the extraordinary done. Neil sorry fat chance no more elephants will fly. Ringing brothers will ditch the elephant act for one of the largest in an longestrunning sagas is in the country are phasing out the elephants by the year 2018 not because of ticket sales because the protesters are stomping Animal Rights groups are engaged the act for the treatment of the of act although the circus says it treats them helpfully but it just isnt worth going through the rings over. Although demanding the circus not just roll over. Very good to have you. Its good to be here. It is good to be anywhere. Neil not of the war in elephant. I knew something was up one i saw the elephants have their trunks packed. I am quite aware of the situation and the wing on. Neil but what difference does that make . The kids love to watch such clowns they might miss the elephants they would get over it. Pt barnum said the elephants in the clowns is on the pace the circus was hong if you take that away what is next . Will they get rid of the columns . Neil if you were treated inhumanely but what about the cities and towns that have these rules even if there is no proof . So the fear is ellisons today or tigers tomorrow . You think the days of the circus as we know which is numbered . The circuit is is an evolving creature. The clouds have changed facts have changed tigers clowns and elephants were the staples. I see people do this all the time on television now i know why. They stick their figure in barrier. [laughter] i know these people are well meaning in their belief on the animals to be treated fairly but they dont realize elephants have very thick skin so when you see one of those animal handlers with that boat hook it looks like theyre wielding of them that is like tapping somebody on the shoulder. They dont feel with the the average person doesnt know that. Think there is a lot of people that are misinformed how the animals are treated. They are treated pretty good there i spent quite a few years with the circus with ringling brothers. It was working guys clowns guys, clowns, showgirls all the other accident that animals were treated the best out of all of us. Even better than the showgirls believe it or not. We were on the bottom rung but the elephants were treated very well well fed and well excite exercised and will care for. Neil and Carriage Rides and the mayor says it is cruelty to forces but theres something going on nationally that not just isolated to the circus is but they have the fear somehow their combined in the tiny cages that is a natural or the wave a pileup on top of one another it used to be popular but it seems cruel now. Again with the evolution with the circus, people today are the same that they were 20 years ago what was considered normal bin is completely different now that doesnt mean it is wrong just different. I think a lot of modern day people come with a base their ideas on cruelty to see the elephants wacked or chained down. A lot of that is done for their safety when theyre not performing they are exercised and when they retire there is a huge preserve the their retired gerald to. Neil literal they put out to pasture. They are taken to a preserved and live out the rest of their lives in comfort and are well taken care of. Neil what about a certain delay was up the real problem for traditional circuses . And that changed what circuses would be about . I dont quite get it myself did Cirque Du Soleil draw attention away from you . Hard to say a person i have never seen Cirque Du Soleil. Neil you did not miss much. It is a circus without animals mostly and mostly trapezes and gymnastics and they are good i have seen clips but never a show. That might have had an affect how people view the circus as it was. Neil i hope it never goes away. I have taken my kids many times. Year to a church is because she wanted to see them. You are absolutely right. If you have adt with the three rings which am i looking at . I do also. [laughter] that is the attention of the squirrel. Very good. Of all the people that has ever interviewed me from the bottom of my heart you are the most recent. Very good. Neil im glad i did not wear that jackaroo would have clashed. [laughter] i get my clothes. Neil ron the zero rileys distributor. My pleasure. Neil rock on. Look at the time. Check out the latest james bond . The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. Congratulations. Youre down with crestor. Yes when diet and exercise arent enough, adding crestor lowers bad cholesterol up to 55 . Crestor is not for people with Liver Disease or women who are nursing, pregnant, or may become pregnant. Tell your doctor all medicines you take. Call your doctor if you have muscle pain or weakness, feel unusually tired have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. These could be signs of serious side effects. Im down with crestor make your move. Ask your doctor about crestor. Neil samsung is in the doghouse google goes over the top welcome back to the most talkedabout new segments in all love cable ever get this time we bring you the latest and it is that you to decide if you want to look into a gore buy or sell because it starts here. Samsung . The 30,000 doghouses complete with a paul operating snack dispenser, a hot tub, a treadmill and the entertainment room so the dog can watch tv. He is watching cavuto in the cattle. Cattle. I dont think they are barking up the wrong tree. I think theyre trying to keep them selves in the news because apple was still crushing them. So i think americans spend over 56 billion annually on there pets. Neil some spend 30,000. For those spending money. And i have a german shepherd. Bylaws spend 30,000. That says a lot of people spend on there pets. Neil this is not a crazy idea . Finigan pass to branch out. They will try whenever they can if it is the dog dream home that i hope it works. Neil but in this video look at the dog. Like he is caffeinated. But talk about a Technology Bubble if you think the spaceship is over the top bin the city is really over the top this climate controlled headquarters is equipped with large translucent canopy is googles getting off track for of doing something right . I. C. Thayer doing something right is another example of ambition with a commercial realestate industry so i do think it is fantastic. In order to recruit top talent uni Companies Like google and what theyre doing today with the climate controlled googleplex or even the people that we work with that is where it is all about. They want amenities and things. Neil who buys the things . Whole cities . Bin and not the whole city but the people that want to work there are obviously investing in their town and that is what matters. Neil what is the difference of that and of building . It is completely contained actually you are in a bubble and there are some constraints. Neil that is all of washington d. C. There could be the wave of the future definitely. Attwood go to the worlds fair as a kid and they would show a vehicle that would drive on the moon someday. We will never know. James bond has a license to kill and to drive electric. Debuting the first though love for ever concept car i dont know if anyone should be worried about what is going on in . A sink it is exciting but they still have a ways to go. People want to buy these vehicles but i think they need to change what theyre doing to increase sales. Neil i thought what ever you dont get using gas it is using up the energy from the utilitys and that comes from coal so youre actually risking making the earths interior . Saw was a rally that clean of a vehicle . I can speak to his very time consuming that you have to plug it in so where you save one area are you saving time . No. I feel that it will cause more marital fights you plug gittin. People think im crazy but i tell you. Thank you very much. Some people dont show up for the electric cars we would be shocked, chair paying for the of classic cars find out 9 00 p. M. Right here and you just saw it but all your attached is the big bubble. Neil forget if Hillary Clinton use government to emails web worry more about hackers breaking into the system the cyberattacks against the government at record highs amid growing former ubs ceo says cyberterror is our weakness and they will continue to exploit those witnesses it weaknesses. You were in the cyber business it is a booming business. It is a Growth Engine not going away. What do jpmorgan jays, home depot, a target and sony have in common . Despite spending hundreds of millions of dollars . They all got hacked. It says ever conventional methodologies are insufficient. First and foremost, our professionals were never trained in cyberbut to create networks or process or transactions but not cyber. Statesponsored attackers have been trained and they are professionals and they are adept at penetrating or systems. The biggest problem is not a software or firewall you have to have a human who understands the attacker and has to do surveillance that the systems and methodologies are passed we need to do active adversarial pursuit. It is what the government and an essay does when they go up against china or a rand there actively looking for attackers so we grow up with know your customer now it is no your attacker. Neil but it seems they dont take it seriously but what will it take to get that kind of response . Even if we wake up the bank account has been zeroed out were not that far. The two most critical it is not this on the ground and taking of the energy grid or financialservices. We would be paralyzed and that is doable and i was privileged to buy with the of for the subject matters their working a new methodology. Neil who is really behind . Statesponsored statesponsored, china, north korea or russia with brilliant whiz kids looking into roots penetrate. Then they could be paid servants any have disgruntled employees say you have to understand your defenses for each. Neil thank you. In the meantime feinsteins the strategy it is who he is running against. When the moments spontaneous, why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of