Transcripts For FBC Cavuto 20150419 : vimarsana.com

FBC Cavuto April 19, 2015

Could just leave the possible democratic nominee very, very weakened. Anthony spell it out first why you think its next year that would not be good timing for her. Well its interesting, jeff from double line is our first guest on sunday to promote with an answer. Neil i love it. Well the question is going to be are they going to wait until after the election . I think that is neil not that long. Why not . Neil because i dont think they will. You see, when you get closer, it then becomes an election issue, and for political reasons they wait. Neil thats not always the history, though. What was president obama super upset about. He didnt want netanyahu in the country during the election. The economy stays weak into the middle of next year which could happen they may not raise rates until the 2016 election. And so im on tape now for that, and hopefully youll invite me back. Neil if youre wrong i will if youre right, i wont. If im right, you will hit me with a pizza truck. Neil many say the Federal Reserve does hike Interest Rates sooner rather than later it might not be this year, to your point, i think it will be. Certainly an early reason. Three reasons, the fed is super worried about dollar and strength. Number two the unemployment data is weaker than the front line data looks. They have a 10. 9 u6 number. Neil that is overall aggregate number. Those people are suffering. Wage data is slightly better but not terrific, and whats worse about the economy is the middle class and the lower middle class have a smaller amount disposable income. Down about 8 since the crisis. And so those three things from a political issue are super worrisome for the fed because theyve had the reflation rate on thats benefitted the wealthy, the cavuto famy as an example. Neil please. The other 96 of the country have not benefitted. Neil the issue that Charlie Gasparino raises, the recovery itself is long in the tooth. Ive argued with him, say what you will of the recovery, we can go on quite awhile. I am in your camp on that. If you look at data since 1880 a year you remember well. Neil you look at data from 1880 . 1880 to 2015 we get a recession in this country every seven years. What are we due for . A recession. Im in your camp we have been growing slower for longer were probably not going to see a recession for the next 1820 months. This is mrs. Clintons huge huge worry. Forget about the fed. We could slip into a recession in the middle of 2016. That would be terrible for her. Neil you always do the comparison when youre party took office. If Hillary Clinton is smart she would say heres where we were when democrats took over right after the meltdown. In the middle of the meltdown. A lot more jobs weve got a lot stronger market, and whatever the bumps and gyrations in the last year were still better off. Will that argument be convincing . I think its a very powerful argument. You know im a republican, im worried about it. The biggest problem the republicans have is they think shes beatable. They have to look at her from a point of view she may not be as beatable as they think. Neil grab defeat from the jaws of victory. They have unfortunately. If you look at mrs. Clinton or secretary clinton, a very powerful candidate. Her biggest weakness is herself. She has a tendency to gaffe on the campaign or television or bright lights. If she does that shell be more vulnerable. The name recognition, the positivity of the clinton years as a republican you have to worry about her as an opponent. No question about it. Neil very hard for a party to make it for a third term, right . George bush senior did it after Ronald Reagan but he at least at the time was a much more popular incumbent. We had Herbert Hoover after Calvin Coolidge George Herbert walker bush. Other than roosevelt. Neil its rare. The last time for a democrat was 1856. That was james buchanan. Do you like the stats, neil . Neil not really, between this and u6 references is this what the show is all about . Very simple for the viewers. You have such a sophisticated viewership and high iq, im trying to impress you on the show. Neil as if you need to. Always good seeing you. He is as good as it gets. Anthony is hosting wall street week, apparently scooby doo was already used so, it premieres sunday 11 00 a. M. Eastern time, major markets. Hes got a unique vivacious energy to it, and hes very smart. Go to wall street. Com for details and a live stream. All right. Fair and bansed now. To the democrat who says everything anthony told you is completely wrong. Wall street lefty can i say, that robert wolf says that Hillary Clinton is in very good shape thank you. Shes clearly not taking any chances, shes getting a former wall street stop to be her campaign cfo so she must be reading the rumblings of the Elizabeth Warren type. I think hiring gary gensler cfo they know him from goldman sachs. Neil why now is. Because theyre performing nothing to do with the fact that she is a creature of wall street . Neil doddfrank is not one of the main themes for the 2016 election. Weve been there. Its not coming back. Its what and you anthony spoke about. Income, wages, the economy and foreign policy. No one cares about doddfrank regulation right now. Neil i agree, but the liberals in the party who feel any ties she has to the banking industry, and i agree with you, i dont think theyre onerous or embarrassing theyre going to make it a big deal far more than republicans. Financial services are critical to the country. Shes going to have relationships with them, and have relationships with them as well. Neil you are an adviser you are a golfing buddy of the president. Do you think that she has to step very carefully here that she cant look like shes too close to these guys at least now as shes pursuing the nomination is. I dont, i dont think she needs to be pushed far left at all. I dont think thats where the country is. Neil you think someone else comes into the race. No one that will worry her. I think shes going to have to prove her vision and prove herself. Neil can you only prove yourself if you have people to prove it. Listen we all hope there are good people running in the primary. Whether its Martin Omalley or sanders we hope theres a primary. Neil do you really . Do you think the clintons, if one or both entered the race they would be happy with that . It is all about the vision, you have to have the right vision, and i think people recently said shes pushed left on rhetoric not true. Her talking about middle income wages and ceo pay is what youre talking about. Neil she was not saying this stuff a few months ago, she was not saying it long before the critics on the left reader their ugly heads on the issue. They made a topic on it. Its a topic for everyone. Ceos are talking about it. We had a meeting this morning. Neil how much were you making . I have a startup right now. I just want to let you know i thought your conversation with anthony was great. I cant wait to see him on wall street week. Neil let me get an overall picture of the macroeconomy and he and i mentioned concern it might be sputterring and delay rate increases because they are not justified. You and i are on the same script. We believe theres a tax rate hike in 2015. Neil an interest rate. Interest rate, sorry. Neil the left liberals immediately want to raise taxes. If you think about, that the economy is going slow but going fast enough. At 2, 2. 5 well chug along. Neil slower than that. A lot of people say the First Quarter data. Well be lucky if we have growth. The First Quarter came in better than expected you have to look at overall year. Were looking at 2, 2. 5. The dollar is absolutely something that should make everyone nervous, its going to slow down. Neil the final figures are in. Rearview mirror as it is, well be lucky to have any growth at all. 2 growth would be respectful but not great. It is more like half a percent. If were lucky. I think unemployment is where it is and wages will slowly start to grow. If you take out slack in the average hours per week of working you have to eventually hire. Neil does it concern you, that this is going on awhile. Yeah, i think its been normally the recovery is brought back by two things, housing and consumers right . Consumers are slow. We saw the data the other day. We live in a 70 consumer country. When theyre slow were slow. And housing was slow this past week. If you have housing and consumer slowing down a little bit. Neil the historical challenge of any Party Getting a third crack at it right . I thought what you said about the reaganbush was interesting. Listen, i think right now, have you 45 democrats will vote their way. 45 of the republicans vote their way and everyone fights for the 10 in the middle, which is the 10 swing states. I actually think the secretary will do incredibly well in the swing states. I dont think shes going to be pushed to the left and i think people will think about the clinton years and say we loved those years. Neil you and i remember the clinton years, i think a lot of people do not. A lot of people do not. I remember the reagan years too, its when i started on wall street. Good years as well. Both sides can work. Neil robert, thank you very much. In the meantime you think mr. Corporate is mr. Party mainstream. You dont know jack. Jack just told me who he likes for president. Im going to give you a hint. It is none of these guys. None of them. You owned your car for four years. You named it brad. You loved brad. And then you totaled him. You two had been through everything together. Two boyfriends. 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Does that mean people in laos shouldnt get their vaccine . We didnt think so. From figuring it out to getting it done, were here to help. Neil welcome to i guess jack unplugged plugging for a very different kind of president. Are you saying youre a ted cruz guy . As of today im a ted cruz guy. The country needs more truth and trust. He does it. Hes as smart as a whip, and hes a good bet on right now. Neil all right jack and suzy welch with me. What does ben stein make of all this . Ben he was going on the idea that cruz develops and triggers passion in the crowds. What do you think . Ive been in those crowds, and i dont quite see what my friend mr. Welch is talking about. I love ted cruz, i would very much like to see him be president. I dont think hes as strong and passionate, and i smart and honest guy and i love him a lot. Passion i dont think id use the word. Neil you remind me of professors that said respectable work, cavuto. Youre saying, ben, theres a mainstream crowd in the Republican Party that says we need a jeb bush or a governor walker, and others who say, you know and i think this was welchs point, we need someone who fires up people the way Ronald Reagan did. When i told him, cruz doesnt exactly invite reagan comparisons. The guy has to smile and laugh more and he just might. What do you say to that . My gosh. Just mentioning Ronald Reagan to think comparing our guys now with Ronald Reagan makes me want to weep. We have one person that i compare with Ronald Reagan Lindsey Graham. Hes not even running. I love him like mad. Hes not even running. I love love, loved reagan but we dont have anybody like reagan. I wish we did. If we had somebody like reagan it would be a wonderfully exciting race. We dont. Neil you know what i find, we find them after the fact or see it after the fact. If you were to look at Ronald Reagan early when the mainstream was poohpoohing him with the challenge to president ford in 76, who would have envisioned the conservative ranks would have become the mainstream four years later and led him to a landslide. In other words could any one of these guys be that guy . You know, reagan always is a dynamic, exciting guy. Something about reagan you should know. When he was a young actor voted the best looking man in the world by some kind of movie star poll. A movie magazine poll. We dont have anybody like that right now. Reagan was dynamic in the 64 convention, you werent born then when he spoke in favor of barry goldwater. We dont have anyone like him. Neil who do we have that at least the people you talked to, and you know the tea parties and the mainstreamist, the money guys who were they saying stands the best chance to recapture the white house . Well thats an extremely good question and i dont really feel much enthusiasm for anyone. Ive told you now several times talked to you on other shows and said i love Lindsey Graham beyond words. Neil why . What is the fixation with Lindsey Graham . A National Security candidate. He is a Strong Military vital strong foreign policy. Neil 10,000 additional troops on the ground, and that kind of stuff . No, no no big increases in Defense Budget and much more aggressive policy against putin and against the islamic state. Neil so those are central issues to you, i understand that. National security is the issue. National security is the issue. Neil all right so earlier we were talking about the economy and the fact that it might be sputtering. You dont think that is a potential winner for republicans and a downer for democrats . Not at all. Not at all. Not at all. Theres very smart people who have vowels at the end of their names who say the economy is sputterring and say things are not that great. The economy is very very strong, and almost every part of the economy almost every party is quite strong, not minerals otherwise quite strong. I dont think the democrats are vulnerable about that. I dont think the republicans or the democrats have any keys to make it stronger. Look, you know, its interesting, i watch you all the time you talk a lot with democrats about hillarys vision. What the heck is her vision . I dont see any vision coming out of her, and i dont see any vision coming out of the republicans, i dont see any vision anywhere. Reagan had a vision of a freer society. Neil but then thats what jack welch would say, i should clarify to people watching the person we are alluding to is not cavuto. Jack welch would say thats the thing cruz has, theres a passion and a fervor he thinks is real . I mean mr. Welch is a fantastically successful intelligent man and i respect his judgment on every subject, but i dont see that passion coming from any republican. The only republican i see who gets crowds fired up is rand paul, and i think hes a very dangerous person on National Security issues. Neil wow. Ben stein. Always a pleasure, my friend thank you very much. Im not going to tell you the person with the vowel at the end of his name. And wild horses couldnt drag it out that its Charlie Gasparino. How about not allowing 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. The pursuit of healthier. It begins from the second were born. After all, healthier doesnt happen all by itself. It needs to be earned. Every day. Using wellness to keep away illness. And believing that a single life can be made better by millions of others. Healthier takes somebody who can power modern health care. By connecting every single part of it. For as the world keeps on searching for healthier. Were here to make healthier happen. Optum. Healthier is here. Neil the Public Education system they say is now revolting. Former d. C. Public schools champion says testing is not the problem, overtesting is. Good to have you back with us. Obviously its hit a chord with the folks, and i suspect not because only the students themselves might not perform well on the tests. What do you think is going on . I think this is in reaction to something thats very real which is that parents are seeing and feeling overemphasis on testing in public schools. Test crazed. They have every reason and right to be frustrated with that but the problem is that the environment needs to be changed. The culture needs to be changed but the answer is not to optout of the tests. Neil how has it gotten to the point. I remember when i was a kid and my own kids, theyre taking tests a lot more. What happened . Why is that happening . Well i think with no child left behind and other accountability systems, you know we wanted to make sure that all students were achieving at high levels. Making sure that there was accountability in our schools so that we could ensure that our taxpayer dollars were providing high results for kids academkaechlt but academically that pushed people tong tests were the end all and be all of everything thats when you saw the testing craze come into a fact. What weve got to do as a country and School Districts across the nation have to do this is to say the tests are one thing that can help us determine whether or not our students are successful. But its not the only thing we should be looking at. Neil a lot of this is driven by, we want to see some measure, metric of result from our teacher

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