Transcripts For FBC Cavuto 20150506 : vimarsana.com

FBC Cavuto May 6, 2015

Should be running her Business Record through the mill. After all, shes basing her entire candidacy on the business experience. But is it me or the media focusing more on the people she laid off than the Technology Powerhouse many others insist fiorina helped reignite . Romney endured the same thing over bain capital days. When the media chose to focus not on all the job and the outbroke fixing companies but the relatively few lost when he couldnt fix some companies. Not all that different than how they made a fast joke of herman cains fast food background or laughed off ross perots charts as a manifestation of a billionaire with nothing to do. And you wonder why we dont get more candidates from outside the petri dish . Im not seeing carly is not due for tough questioning. Shes assuming it will be fair questioning, tough luck. To business guru, greg rayburn who says biz bark the candidates is the price of the game. Its the price of the game. I think its interesting how skewed it gets. Somebody took the Carly Fiorina. Org website and put frowning faces for 30 people she laid off. Meg whitman laid off way more than that. Neil but you ever want to see a clear sign of the Mainstream Media is not a fan of Business People, period it radiates here. The same media says that we got to branch expand the pool of players when we look at candidates . You got two problems there. One is what you alluded to. Why would anybody do it. Why would anybody that is successful in business. Neil have you ever entertained you would have to take a big pay cut. Has it ever come up they would drag you through the mud. Its great to say from the business background, this say decision we need to make its as clear a bell to me right . Thats not how politics works. And most successful Business People they know dont have the patience neither do i. Neil michael bloomberg, controversy as mayor, billionaires can do what they want to do he was a very effective and good mayor. Compared to the charletain we have now. Having said that, i think that theres an enormous amount patience involved with enduring this. I dont think guys like you, or successful business guys, can deal with that. Its such a different process than running a company. It is vastly different and the times i had runins when i was running new york city offtrack betting. I had a deal with the tracks and the unions. Neil and the italians. We had it all wrapped up. Took it to albane, and all we needed to approve it and the Senate Republicans killed it. And we had to close it. Neil but heres my theory on this, you can disagree with me. I think guys like you, its not so much your way or the highway youre a very type a personality take charge you have to negotiate every little detail to the point its so watered down its not worth it. When you are running a board or take over a company or have agenda. Its focused on turning a business around thats not how washington works. I think successful ceos that i know, you know they understand that they have to consent to a bill. They have to work with the differing points of view to get things done. But theyre not going to suffer fools and theyre not going to stay out and hang out and wait for a long process to occur to get things done. Washington is completely different. Politics are completely different. The things you have to put up with are not well suited to highcaliber business person. Neil i look at business types who go on the record they dont have the political record, so you have to judge them through the only prism. Fair game to start going to the layoffs with Carly Fiorina and whether merger with compaq was justified in retrospect. I remember her building shareholder value. I also remember her substantially growing the company. I also remember expanding that company into markets and regions of the world that never even knew what computers were. So i feel where is the balance of that argument. No ceo, even you as an impeccable record. In the media, they dont give you that benefit. They dont its disappointing in this instance right . I dont think she has, in my opinion, any chance of winning the nomination but the Republican Party clearly needs her as sort of the yard dog for Hillary Clinton. Neil right now shes the only woman. Would that make a difference . Enough to offset and to attack where hillary comes from. Im not taking a side on either one. I am saying you need her in the game. We dont need the press singling her out now. She had a, i think, a good career at lucent prior to neil people forget that. To hewlettpackard, you dont get that job for a reason. Neil i think there is a prevailing wisdom not among the American People i dont think the American People feel this way in certainly the political establishment, the left leaning political establishment to be suspicious of those that succeed. Hence the way we refer to the 1 hs as all but evil, and that Hillary Clinton is going to trample on them i think the whole language is so damaging that its going to make people rethink the need forget about entering politics, even succeeding in business. Right. I think thats true. And when huckabee starts talking about term limits thats really the issue, because if i sit back and say whats worse, somebody whos really successful in their career, and maybe they had bad periods during that but overall very successful or someone whos a career politician thats been in washington for 30 years. I think the latter is worse. We need to be encouraging other people want to to get in the game. Frankly from my perspective i dont see why anybody would do it. Neil all we need is someone good at math. That would work. Neil alien concept in washington. Greg, good seeing you my friend. Thank you very much. In the meantime Carly Fiorina will be here to defend her business past and make her case tomorrow night on fbn and only fbn. The fact were getting so many republicans in the race indicates they all think Hillary Clinton is beatable in the race. Maybe so, and certainly her negative numbers are way up. With all of that new polls out just now show her beating every republican contender. And thats despite all the buzz and bashing courtesy of the clinton cash book thats out. I was surprised to hear i thought that was out for weeks now. Just got out today. To clinton confidant lanny davis why he thinks clinton is ready for the blows. How is it hillary is holding her own and holding the leads albeit mixed leads against all republican comers . I have to congratulate you forgive me for paying you a compliment. I hope it doesnt hurt you. Ive watched a number of programs including a competitive station on cable who led with the fact that trust numbers had dropped and at the end, by the way said shes beat every republican. You are starting with the glass half full. Neil i am what does it is a about the republican field early as it is lanny, and how she hangs onto that. Two answers first of all, she has a reservoir of support over many, many years that sticks with her when theres a lot of smoke and political pounding that looks like theres no fire and no substance which is what most people who are openminded see in both the email story and the foundation story. Im not saying that everybody does but most people. It hasnt hurt her as much as you think from all the headlines. Neil yet. Yes, yet. Clearly it hasnta hurt her because the negatives havent been driven up by the pounding. Secondly, there is something to be said for the common sense and the intelligence of the American People, after a while they get the difference between innuendo and no facts. And the man that wrote the book about the cash and the clintons admitted on this very network he had no substance, it was all smoke. He said, in fact, there is no evidence of illegality and the publisher said no evidence of anything unethical. Neil he said there is no clear signs of a quid pro quo or getting money or doing a favor for a person. I dont think he said clear. Neil well i dont think the smoke in mirrors. Lanny,il say this is it your sense when you see and look at the poll data. The likability factor, that that is just not there for her. It might be because of the negatives pounded a bit. It tends to be important in races Richard Nixon was not the favored candidate but still won. Is that something that weighs on her, and does it worry you . First all, i agree with you. I knew george bush from college, and when al gore and all of the Gore Campaign were so confident about the debate, i said look out, this guy was one of the most popular, nice people i met in college, and likability is going to come through in this debate. Of course that happened. Likability is and i know this is going to roll eyes out there. Hillary clintons most positive political strength because once you get to know her, the image as i have known her over 45 year shes funny down to earth, extremely likable. The image from afar can be the opposite until you get to know her, when she started campaigning in new york state you may remember all the negatives and the unlikability and all of that suddenly melted when she went upstate new york and came through. Neil i love you, dearly, this is new york where communists and socialists get elected. I will say this, you are a good friend, not a weather vanetype friend, you are loyal. I want to raise this the closeness of a battle oneonone with rand paul, and the idea that young libertarian types. That is something that shes got to address because if he were the nominee that could prove very, very telling because among those independent voters, typically those skewing democrat skew at least to him . Theres no question hes got more support among young people and probably minorities more than other republicans, compared to hk Hillary Clinton he wont be able to compete very well. I wrote a column about the mass incarceration that Hillary Clinton talked about in the inner cities and rural areas of low offense and no victim crimes. He agreed. He not only agreed, hes one of the leaders in the movement. If rand paul avoids what hes been unable to avoid downright nasty. He misses the advantage and he will turn off the young people. For some reason someone told him the way to get ahead is to be nasty towards Hillary Clinton rather than be rand paul, which is quite attractive and intelligent and creative, and i dont know why nasty is working in his mind as something you ought to do. I would suggest that it doesnt work for him. Neil like when they tell Television Anchors on news shows to argue and yell. They think theyre going to get ahead. Lanny davis always good seeing you, my friend. Thank you, neil. Neil now individual investors jumping into the market. A sign maybe you should jump out . 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. When cigarette cravings hit, all i can think about is getting relief. Nicorette mini starts to relieve sudden cravings fast. Anytime. Anywhere. I never know when ill need relief. Thats why i choose nicorette mini. Neil well there goes that gas stimulus. Crude oil settling at 2015 high, over 60 bucks a barrel now. Its up, when it just comes to gas, 25a cents a gallon from a month ago. Economists Lenore Hawkins said people werent spending when gas was sinking dont count on them to be spending now once it starts rising. Well, its still early in this and as you remind i check the notes you pointed out that we are still off 35, 40 , so there is that in context. But it is interesting that americans have not been spending that dough. So what are they doing with it . Well a lot of it is theyre saving it. You are know, when we saw oil prices drop, 60 , we didnt see the explosion in spending that many economists were forecasting. Instead people were socking it away. We keep be told the economy is doing so well. We poured all that gasoline on the economy trying to get it to fire up, but were really only getting a flicker. People understandably saving a bit more. As we head into the summer season, people want to take trips with families. That means driving. Maybe taking flights. Buying something fun for the home. If prices at the pump keep going up. Its going to put a damper on that. Neil so they are damned if they do and damned if they dont. Theyre coming down not spending as much as they could, prices go up sounds like the makings of a correction or worse. What are you look at . Absolutely. You look at what weve got going on right now. There are so many tailwinds to the economy. We were told if we had low Interest Rates thatald get things going. Weve had the lowest Interest Rates in history for years. Were still struggling. We were told Government Spending would do the trick. It took us 230 years to accumulate 9 trillion in debt. We doubled that in the past seven years. Neil i agree with you, you are deadon right about them. The idea the markets would be impacted the markets more than double. The peoples jobs certainly the quality they were in prior recoveries. Are such they are still increasing, so im wondering whether we are succeeding despite all of those cross winds. The stock market thats gone up that only benefitted people that are invested. Thats not the vast majority of americans. Last quarter, people were take more money out of stock market they are understandably nervous. Its helping those who already have money. As far as the economy, were told the Employment Situation is getting better, well that guy holding down two jobs just to make ends meet yes, an economist would count that as two jobs. You and i both know, for that guys its one tough job of getting through the day. Neil it is that. Lenore, thanks you totally bummed me out. Always good seeing. You good to see you, neil. Neil borrowing to buy, talk about itching to invest with money investors do not have. That has not stopped folks from diving into stocks they are doing so on marginboroing to buy. This the sign we are nowhere near the to. Dan schaeffer says its the clear sign for market top. Chris you are staying calm . I am neil. Absolutely. If you look back at past when weve seen margin debt climb just because the margin debt is high, doesnt mean anything. The yearoveryear change, how fast its growing, thats what really matters. How does that look . Believe it or not, january, february saw it fall. March was off 5 . Way off the significant increases we saw in 1999 and 2,000. Neil the argument is in that the number is going up there is more borrowing, that is a trend thats not the markets friend. To counter the fundamentals, right . In this current environment, neil, with the margin debt so high and a lot less players in the market, it makes it more for if the market starts to fall, the margin calls are larger. Using this factor. You talked about look yearoveryear going 12 month averages, whatever you want to use, this environment were in today is much different than 2,000 and 2007. Back then the players were different. Goldman sachs was not a bank, it was an investment bank. Neil hadnt been bailed out. So when you look at this number today, when i work with a lot of people with algorithms and trading models, this number today is not the same number prior to 2009 and its going to send you a different message. Neil fair enough when a lot of individuals are looking at borrowing to buy stock, i get the sense, and i could be wrong theyre reading the headlines, following the news and saying i got to get in on this party though i dont have the money to party and that generally is a worrisome sign, you dont share that. Is it something to keep an eye on . Yes there are a lot of things, theres no Silver Bullet neil when trying to value stocks or follow the direction of the market. Yeah, we want to look at. Neil if its a sign the individual is following it normally it says time for the pros to get out . It could be it could be. You have to think of the backdrop. The fed said Interest Rates probably not going to happen until 2016, that says the market is going to continue to go higher. People will stay invested. I dont see pullback. Neil as i mentioned with lenore, climbed that wall of worry . Absolutely the wall of worry. It reminds me of 1929. Neil were you around back then . In 1929 before the crash the margin was a lot greater than today and the little guy got in. Talked about 1921 after coming a recession to build up seven, eight years we could be peaking here. Let me Say Something real quick. The percentage exchange when we see it explode, have you six to nine months. Thats what predates the fall. Neil six to nine months from now . I didnt say that. Neil very good. Why tesla going used may sava the electric car itself. The ones with the guts to stand apart join a league all their own. Neil well, nothing like selling used teslas to show electric cars might have a future after all. Hear me out, im hardly a fan of the technology that is yet to prove itself, is worth the fuss . The truth is when it comes to the most promising of the electric cars the tesla has simply been out of most folks price range. That is until now. Elon musk has just got a deal for you, he is pushing used teslas in what might strike some as a desperation move. I disagree and heres why. If he succeeds in expanding the base of buyers presently priced out of the highend electric car market he and we could be looking at a whole new market. None of this means, in case youre getting worried im any more fan of cars that still wont go more than a couple hundred miles before they need a new charge but if musk can somehow make good on his promise to double the range capacity in the batteries in the very near future im telling you, these things might have a future. Range anxiety is too real to put a dent in traditional vehicle sales, but musk is pouring a lot of money into building better batteries risking losing a lot of money selling used teslas. If he finagled and succeeds, it might might take off. I

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