tv Cavuto Coast to Coast FOX Business October 23, 2015 12:00pm-2:01pm EDT
with the caskets that were killed under a compound under her control, under her dominion as secretary of state and she was talking about the video, she was emphasizing those things. still looks terrible. >> politics in the markets, too. my time is up here if here is neil cavuto. neil: troubles in the bush campaign. cutting back on a lot of stuff here. really counting the pennies here. in a world of financial hurt. battling down the hatchets. the latest with how he is doing. >> and admission from jeff bush's campaign. getting it wrong from a couple of fronts. a campaign memo titled campaign
update. in it, they lay out across-the-board spending cuts for staff. and offering lower paying jobs elsewhere and cutting traveling costs by 20%. moving their resources back into the states. they also say that they simply misread the way of the political land. here is one of the first bullet points from that memo. "it is no secret that the contours of this race has changed from what was anticipated at the start. a reality television star supporting canadian style singer healthcare and partial-birth abortions would be leading the gop primary. that, of course, obviously is a slight on donald trump. it is in admission that trump is getting the upper hand in this thing.
this all comes back to the polling. bush is a solid and very distant six. running somewhere in the 7% range. that is a very far departure from mid-june. twenty-two, 15 and 19% year to in that memo also, the campaign says they will place a special focus on their new hampshire higher focus. there bush currently runs third. neil: what we are getting from ms. blake is that they will be cutting down on some fundraisers. we do not know which. not more than $1 million a month and cut payroll by 40% just this week. when you hear stuff like that, when you hear companies are doing that sort of stuff, it sends out alarms. the country is in trouble. how is this campaign responding
to such a thing. >> raising money. jeb bush would be the huge money man in this race. now there is this on the campaign about bringing everything back a little bit. i will read you a line from this. we are unapologetic about adjusting our game plan to meet the evolving dynamics of this race to make sure that outcome they want to see which is jeb bush being elected. this is a different dynamic than june. we have to change things up. >> they make a reference to donald trump. the former florida governor, ben carson, most of them, marco rubio. one guy causing him grief. >> there was this back and forth
with the bush campaign and the rubio campaign just last week. they reported their third-quarter filings. who has the better budget. now you have the bush campaign's coming back and say we have to tighten things up. that was just a few days ago. neil: $10.3 million in cash on hand. by the way, campaigns that were on this. remember john mccain in 2008. he was about to lose to rudy giuliani. he imagined to keep it to himself. it has the precedent for this. bill clinton. when he was given up for dead and then famously placing second in new hampshire. he can still come back.
i write. not to another uphill fight. paul ryan, who was rejecting any that he did not want to be the speaker of the house. he is poised to be the next speaker of the house. >> paul ryan appears to have the vote to be the speaker. declaring that he was formally in this race. i never thought that i would he speaker. a unifying speaker. i would serve and i would go all in. paul ryan probably has about 200 dirty votes of the 237 house republican congress. dan webster, the congressman from florida, dan webster and paul ryan had a meeting this morning and paul ryan's office. it is unclear how many may support. some members of the freedom caucus.
they are sticking by dan webster. dan webster would not say whether or not ryan asked him to step aside. we will have a vote for speaker next week. i have to tell you, some people say is this a complete done deal. we remember what happened to kevin mccarthy. you can never be too sure about things that happened around here. some members wanting to vote this week. remember, there are a lot of very conservative groups that do not like paul ryan. he is kind of a led zeppelin fan. he formally announced that he was considering this. i asked what he was listening to tonight and he said led zeppelin. maybe you ought to be listening to the immigrant song. some republicans, some conservatives do not like his position on immigration.
neil: i think that the led zeppelin they should disqualify him right now. >> if he does not have good relations, maybe they will play communication breakdowns. neil: touché. >> that is one of the things that they have to resolve. it will probably come on over john boehner's watch. it will be really tough for paul ryan on these big issues. >> thank you. neil: that would be a dealbreaker for me. i am just saying. latest developments. jeb bush cuts. katrina, you obviously know the drill here. they seem to have rallied around paul ryan. they made no formal promises to each other. commitments to some of these.
nor that conservative members making any promises to him that they will not fight him eventually. how is this all going to go down? >> i think that we are talking about the next speaker of the house. it sounds like a lot of them are going to get behind paul ryan. there were all these concessions early on that paul ryan wanted. the inability to vacate the speakers. i do not know. the real problem here is the freedom caucus did not have someone that they could point out. jim jordan should have put his hat in the ring. neil: well, you know, that is one thing that we are learning. i spoke with him webster earlier this week here and it would seem to me that he was caught off guard. the freedom caucus was meeting with paul ryan and obviously backing away from almost, unanimously accept an webster as
speaker. bad blood among just the conservatives. >> i believe that there is. that is why they are putting up paul ryan. apparently, conservative. also a unifier. we have not seen him much in the back-and-forth that we have seen, boehner in the freedom caucus. i think he has the powder dry enough to probably unite the caucus. let's very well hope so so that we can see if the republicans can actually govern somehow, someway. they trip over themselves and let their capacity to govern the hindered which affects the american people. >> they keep tripping over themselves. neil: nancy pelosi. there has to b medium. >> the happy medium was she got things done during the pelosi speakership.
neil: all one-way voting. katrina, that is the thing i want to raise here. we have healthcare. signature legislation. one party and complete control. one party having enough votes to get it. >> one party caused all the division. all i am saying is how is that precedent where it is one party's way or the highway? >> that is exactly the platform. neil: he will not work as hard as some of his predecessors. >> that is why this is one big mess. when democrats are in power, they use it. that is why this whole thing is a mess. that is why the republicans are fractured right now. republicans will not govern as republicans. what he is saying let's see if
we can go ahead and push amnesty through. let's see if we can spend more money on big government. neil: not a happy camper with paul ryan. >> that is right. >> who else is there? the question to you is, well, who else is there? >> yes. that is a problem. we do not know. it is about a done deal as it can get. neil: i have former advisor danielle on a separate development. really boring the markets a lot more this morning. the dow is up about 72 points. had been out more than 152 points. news abroad. china was cutting interest rates. again doing everything to shore up the economy in these markets. something has happened.
maybe that was not enough. what do you think? >> i am not so sure that the market is interpreting correctly what happened in china overnight. i think that the chinese are very calculated and making their move. to go back to what you said a few minutes ago, this is no hail mary. mario draghi, scored a huge rally in the market. that was a hail mary. look, there is no such thing as a win win and a currency war. we do not do anything in september. the ecb has to come out and say we will put more stimulus. it is like watching a chess day.
this thing has gone very global with what the federal reserve started. neil: you follow this much more closely than i. markets worldwide need to really live and die on whatever hope that they can get from governments, from central banks, to keep the party going. good earnings news, companies that have successfully come back and gotten their acts together will rule the day. they always seem to go back on really liking our country cuts in interest rates or more stimulus. >> that is why you hear about the proverbial punch bowl. absolutely. it worries me. back when i was at the fed and there was chatter about qe,
nothing could have fry in me more. these things cannot go on indefinitely. just because the chinese are lowering interest rates does not necessarily mean that what they will get firm to borrow and or spend. we have been battling the same situation here in the united states. you can only rule on the central bank to accomplish so much. neil: you are right on that. thank you so much. i cannot stress enough one of the big reasons. good news out of china. good news to these guys being interpreted here at more stimulus, lower rates. a very big measure. yesterday, when we had the europeans talking much the same way. they still need that nicotine. they still needthat month to
keep them going. without it, they sell off. we will explore that in more detail. in the meantime, i do want to alert you to something else. it has nothing to do with money. a hurricane. barreling on mexico. the southwest. it it tourists hotspot. they are hunkering down. at least for this hemisphere, we have never ever ever seen anything bigger or anything worse. after this. ♪
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i do not know if this becomes a trend. jack dorsey is giving away about one third of his stock away to employees. a lot of ceos have the large stock stock packages. they should share the wealth. we will monitor it. the workforce has been complaining. of course, for twitter, twitter, it has been a rather. down right. all right. joe lynche had done that. going way beyond that on twitter. my guess is this notion that choppers are dead is wrong. >> amazon is giving a pretty strong outlook. maybe better than expected. that is good news. completely hitting it out of the
park. amazon web services did very well. amazon you see up 7%. crossing that very important $600 share mark. amazon doing pretty well. brick and mortars may not do as well. looking at some of the federal numbers, it may be weaker than expected. the strength may be seen. forty-six of americans. >> it is interesting. a lot of the ones bumping along earlier in the last quarter are coming back with a vegan gins. we have microsoft. 10%. i do not know whether we take the leap and call it a technology tear or technology is coming back. what are you hearing?
>> we are reasserting. these are the pillars of the technology industry. newer companies that are not necessarily profitable. google's alphabets and amazon and microsoft which has been trying to turn itself around for the past couple of years. what you see is that strategic action inside microsoft. starting to pay off a little bit. you have the cfo issuing that stock buyback. that is something that a lot of shareholders wanted to see. a lot of these are starting to turn. early entrance. neil: doing well. joe lynche, thank you very much. the clean -- the company has to watch how much of the junk they are admitting out into the air.
it reduces kilowatt electricity for people on fixed incomes and replaces obama's wind and solar at $0.22 a kilowatt hour. it destroys low cost were liable collectors and the in america. it has nothing to do with the environment. a political power grab. it is very dangerous. going up $41 billion a year. neil: that eta has countered that. what do you say? >> that epa has $160 million a year public relations people. they have $1.2 billion a year of
lawyers. taxpayer money. they are lying. neil: i just want to be clear on this. it will not be that adversely affected. you say what? $41 billion a year. that is why, neil, we filed two lawsuits against the destructive expensive power plant today. we have been joined by 25 states as of this morning. half of our states agree with me. this will destroy low cost were liable electricity in america. obama rewards his erroneous in the renewable and wind and solar industries without getting you
like it. >> very strong about this. the world and the wind, no pun intended, is going against you on this. making climate change a big, big force going forward. the new government of australia. climate change movement. you are fighting this alone right now. it is an uphill battle, not a losing battle. science, 19 years, neil. larger than it has ever been in recorded time. i could go on and on. there is no predominate of global warming. besides our constitution and the law is on our side. we will overturn this destructive expensive power
jeb bush:believes thatnt, wamerica's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians that are being eliminated in the middle east?
but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message.
clinton stair down when she said a lot of these guys rigged things and prices and double and triple and quadruple the price of the drugs. there was a scare there but that scare seems to be easing up. for now. and, again, the markets are, like, snapshot; right? they change as soon as you snap the picture. but that's the picture right now. also the picture right now, and it could change in a week. is that the speaker job is paul ryan for the asking. unless someone asked him more questions about this sort of hand holding steady as we go kind of approach to we trust you, paul, we think you can do the job. we've got republican congressman with me here. and, jim, i should point out. congressman, is it your sense that he is the guy to paul ryan is going to be the next speaker of the house? >> well, good afternoon, neil. really it's going to come down to process over person. paul has said the right things
this week, and paul's a leader, a smart man. but ultimately no matter who goes in that position if they don't change the process, then they're going to have issues and problems going forward and that's what's so important. one of the reasons why i put out unity plan because it really is process more than person. neil: all right. we know he's -- well, a conservative guy, he's drawn the line. i guess pretty much like john boehner if you want to parallel that to mitch mcconnell in the senate that a government shut down isn't the way to go about playing your leverage hand. what do you make of that? >> well, i would agree. there are some things here we have to make sure. we've got to make sure that we keep the full credit and full faith of credit in the country with our debt ceiling, we have to make sure we don't shut down the government. neil: people like donald trump say you do that, you take away a key bargaining shot. what do you think. >> well, again, it shouldn't be an easy -- it should not be an easy up or down, we should have the process.
the process means that members become part of the answer. members talk about issues, concerns, and they bring that to the table. . neil: well, that's not the case now? i mean how is it done that a lot of your colleagues are angry that boehner kept them out, mccarthy. who -- what was going on that got them so royaled? >> well, too many times we have examples of bills being plucked to the leadership, brought to the floor, and passed. the true process should be bills when they have a certain number of cosponsors, they should have the opportunity for hearings, move hearings fard, those hearings then should go to full committee, if they pass out of full committee, they should go to the floor. neil: makes sense to me, but has paul ryan promised you he would do that? because that would make a pretty big departure in business now. >> well, it's what paul has said and, again, he has echoed many pieces in my unity plan which is we have to get back to regular order. we have to let legislatures
legislate. paul has said those things. neil: did you guys say to him the idea of the single congressman or woman can put an opposition of strip him that power to be speaker. he said that would always sty a speaker or republican. is that off? >> the one thing for me within and, again, i'm not part of the freedom caucus, but i do believe you can't take away a constitutional power, something that's in the constitution. and i think paul needs to realize, look, i always go back in the business world, i was in business for 2428 years, i've obstacle been here for four. if i tack on a job i can't say, well, you can't fire me. if i didn't do the job -- neil: well, wasn't the argument, congressman, that one person could disrupt the process, in your case it would be one board member raising some grief about you, he could control and sort of, you know, kidnap the board? and stop you from doing your job. isn't that what paul ryan's
saying? that nonsense has got to stop? >> no. because, look, here's what happens. one person on the board can bring it to the board and then you have the board that gets to vote on it. same thing here. one person can bring it to the congress and then you have the congress vote on it. i think that's the power of congress as a united majority and that's what we have to look at. the process. we have to look back at the process. neil: really quickly we understand that the rest of the house has gone ahead and approved the pressure, cut obamacare, also cut funding for planned parenthood. but i know how this goes, congressman. i know how passionate you and your colleagues are about these issues, the president says it's going nowhere with him. where is all of this going? >> well, look, the american people want to see us passing bills, get it to the president's desk, let the president veto it. it's too easy if evades chance to veto it. i'm hoping it does but let him see if he vetoes it. neil: okay. that's an
interesting strategy. congressman, thank you for taking the time. >> thank you, neil. neil: he just telegraphed what could be an importance sense of direction coming from a paul ryan run if it goes that way. the rap against the leadership and the past among the republicans the tea party says, hey, we've got a lot of great ideas and you're just afraid to vote on because the president is going to veto them. get measures up to desk, he vetoes them, it's on something that they wanted. this seems to be an early step in that direction, and if that is so, it could be a remarkable one. and maybe a sign republicans are getting their act together. we'll see. all right. we'll always see the fall out from yesterday's benghazi hearings, hillary clinton in the hot seat for 11 hours. one of her biggest tormenters is next
>> calling an attack is like saying the sky is blue. of course it was an attack. we want to know like that truth. the statement you sent out was a statement on benghazi and you say response to material on the internet. if that's not pointing as the motive, i don't know what is. and that's certainly how the american people saw it. >> well, congressman, there was a lot of coninflicting information that we were trying to make sense of. neil: all right. that was just one of the more heated exchanges yesterday, 11 hours of back and forth among panel members trying to get to the bottom of whatever happened in benghazi. i don't know if congressman go jordan got his answers but congressman, good to have you. >> good to be with you, neil, . neil: what did you learn? >> well, we learned that, you know, she talked about conflicting information. she was getting one thing that wasn't the same throughout was her public message in referring to the sloo as this video-inspired protest that led to this attack.
that's what she kept saying publically but that's not what the truth was, that's not what the evidence supported, and more importantly that's not what she said privately. she told her family it was a terrorist attack, she told the egyptian prime minister, and we know it wasn't a protest and she was very clear and very explicit. but when public, it was a different message and as we pointed out yesterday within there were political concerns and different message publically as privately. neil: i didn't get a gotcha moment but when you read the headlines in the mainstream media today, the new york daily news saying hillary clinton poised under gop fire. the washington post poised in cool. "the new york times." she won. what do you make of that? >> well, i mean i'll leave it up to the american people. i don't know that the new york times represents the american people but the voters in america can judge.
our task, our charge has nothing to do with that. our task is to get to the truth. we're trying to do that -- it would be nice if they help us a little bit. for example, the last time 5,000 pages of chris stevens e-mail. you know, we think we would get the ambassadors e-mails, it would take three years to get the tragedy e-mails. neil: what's the problem with the e-mail? a lot of people watching, what did you learn from that? what got you -- >> we just got them. we didn't get through them all but it would be nice to have them a little bit sooner than just the last few days before this hearing. that's the problem. they dragged their feet and getuses the information but, oh, they want secretary clinton to testify as early as possible. well, you typical in investigations get the record before you actually talk to the people. but this is one chance our time when that just frankly is not going to play out. neil: you know, i felt for you and a couple of more of the passionate questioners there,
you've been waiting for this and home what kevin mccarthy said maybe hurt what you were trying to do. maybe you didn't intend it to come out the way it did, and then you're here and a lot of people say 11 hours under questioning, it's a partisan attack how could those guys be so awful on her? does it bug you that in the image part of all of this that i think it was one publication that said something to the effect you didn't lay a glove on her? >> well, i mean they want to talk about politics, how about the politics that day? at 10:35 on september 11th, 2012, 27 minutes after she put the statement to the video, 27 minutes her top people have -- where they're talking romney's statement to libya. neil: no doubt and i take nothing away from the connections you were making. but i almost get that polls are polls and politics are politics, you're quite right, congressman, that a lot of
americans in the aggregate when polled on issues that are most troubling them, this issue as strongly as you feel about it and fairly and the families involved feel about it, isn't registering with americans. >> well, but it's still important. if you've got your government not giving to the american people. neil: so what is next? what do you do next? >> we keep looking at the evidence. investigations aren't -- you can't just say, oh, time -- you get all the evidence, and if you can't get all the evidence, at some point we have to stop, but it would be nice to get the evidence and write the report. so we're trying to do that as quickly as possible but you can't do that if you don't get the information and it's not fair to the families whose loved ones were killed that night. neil: i guess what i want to know, i don't want to conflate the issues, the e-mail issue was not exactly unrelated but that's something that could have the fbi getting involved and barring that, i'm wondering if this all goes away for hillary clinton. >> well, neil, it could have. they already are.
the fbi has her server. neil: in entitlement. not just looking at it, but punishing her. >> what i said -- what i asked her if the fbi finds something on that server that is relevant to our investigation, she agreed to allow a neutral third party like a retired federal judge to exam anything that the fbi finds that might be relevant to our investigation in what happened in libya and she wouldn't agree to that. well, come on. i thought you're the most transparent -- your claim as you are the most transparent person in history. so that was i think the important take away from yesterday's hearing. neil: all right. well, people can agree or disagree with you, congressman, but no one would disagree about your passion. and you're relentless. jim jordan from the fine state of ohio. all right. we're going to update you on these markets. technology seems to be on the tear, market seems to be poised to maybe make the fourth quarter count and maybe turn what had looked like an awful third quarter and the year that we could be
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people need staplers and they did. and the funding came from that from capital, no one else would talk to him, capital saw some interest, so did mitt romney. mitt romney says he will not forget his visionary friend and all the help he was at the republican national convention when stenberg was among the speakers there to say capitalism works best when you can find the capital from capitalists and not the government. 66 years old. an industry giant is gone. all right. switching to what's going on at the corner of wall and broadway, was always intrigued in watching markets and reminding me often that they go up and down and never lose sight of trends and the trend of late seems to be this market fighting off bad news. including at the end of the third quarter that we were going to have an awful year. so who's right to this?
jonathan, technology leading this parade, not exclusively. mostly. but a lot of people had given up on the consumer reminded by amazon and others that maybe he, she are not dead. what do you think? >> the trend, kneel, you said the trend is higher and rule number 101 is don't fight the tapes. when you see all these well-known stocks, google google, home depot, mcdonald's, general electric, all in 52-week highs, even when the u.s. dollar is doing well, you've got to think a lot of uncertainty the trend for stocks is still higher. neil: so, jeff, i don't know who is leading whom but if we were to take from amazon and big retailers, big box stores or online are hiring all of this holiday help, they must see something. what is that? >> i think they see, neil, that the u.s. economy is fine. a lot of attention is being paid to the stronger dollar to lower oil prices and the
impact on the manufacturing sector. but the service sector is 80% of the u.s. economy. it's almost 90%, neil, of u.s. employment. that's what's going to power the consumer based on income gains and that looks great. that's actually -- the services sector is looking better than -- neil: so are you bullish by that definition, jeff? >> i think that equities have stumbled here recently because the fed sent a miscommunication benefit hiking that little tiny 20 basis points, they suggest the world is worse off, investors question the world view and there's an opportunity for the fed to come out next week and say things are not as bad. neil: so the hike next week? >> i don't know about a hike. neil: i understand. what do you think, real quickly that we would see a hike before this year's out. >> well, that what makes me bull and show you nervous. so much of our effort is focusing on -- not the economy but the federal reserve.
you know there's a bubble here, you know there's manipulation and, neil, bank account how -- in the '90s we all know was a tech bubble, in the 2000s, we knew it was a real estate bubble, so it's just a question of where does the bubble end and what does it look like when it does? . neil: the dow up 116 points, no bubble to them yet
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neil: all right. welcome back. neil cavuto here. jeb bush is kind of looking for money under couch cushions right now. he is dramatically cutting back. making some full timers have timers. in other words, they are out of there. down to his last $10.3 million. that may seem like a lot of money, but it had been $100 billion.
fourth or fifth place in the polls depending on what you look at. some deep trouble. other candidates have come back from such duress, including john mccain. getting the nomination. following bill clinton in 1992 when he was given up. they came back. jeb bush as well. we have all of the other top candidates. pretty much all over the country. that is the same state where jeb bush will be speaking. john kasich in new hampshire. ted cruz. keeping the money hand over fist. he is in iowa. all of the campaign still going on. do not know if that is an alcoholic drink that senator cruz has. all right. we have congressmen emmanuel cleaver with us right now. democratic congressmen who really a lecture fight the democratic party the last go
round. he never moved. a weird thing. got the whole crowd jazz. got me jazz. great to have you back, sir. bringing up some oldies, but goodies here. not the least of which something that both parties have pounded here it here marks. you want to bring them back. we were just showing ted cruz drinking something, but what are you drinking? >> one of the worst things that happened in congress. each member of congress, 435 of us, represent 700,000 people. we are not allowed to -- we are really violating article one section six of the u.s. constitution because we have the right to spend.
what most people are saying, this is a weird thing, many republicans are saying, you know, we have tire and in the white house. do we turn around and give the white house complete authority over the spending of the u.s. government. i do not want a member of congress to spend the money. it does not raise the budget 1 penny. who in the world believes that we approve a budget and then nobody makes a decision on where the money goes. neil: your incentive sizing by getting back to earmarks which were really part of the problem. >> i disagreed. neil: both parties were knowing it. their own little districts. 435. hundred guys do that in the senate, this is how we hit deficit. >> the market, earmarks do not
increase the budget. earmarks say that if we pass a highway bill, and we have not passed one since 2005, and one of the reasons is that members of congress do not want to approve that money and not have money. neil: uarts assuming that maybe it is a swap out. i think that earmarks are sort of like a date drug. they lead to bigger things. voting for legislation. they can be bought off to buy onto far more expensive stuff. >> i represent the missouri state congressional district. i know better than anybody in
the white house. what the means are in my district. neil: i know that you do. let's say all colleagues, some of the democrats or republicans do not share george use here. some of them can be easily bought off. bow for this trillion dollar legislation. >> the people who violated these earmark rules, they are going to prison. that is what should happen. if you try to build some kind of a road by your cousin's house, you ought to go to jail. neil: justified the congress is happy, the district is happy, everyone is happy. what i am worried about, congressmen, is you are incentive sizing people to go back to that habit. we have four to 35 other guys that will try to do the same
exact thing. everything is working at opposite departments. >> the question then must be answered what happens in the missouri district when people have no idea up in washington what needs are. i am the one that goes out and meets with people. neil: stop. nothing. i will not do anything for you. how was that. port authority said the same thing. one hundred senators said the same thing. >> our highways are crumbling. i am talking about the highway bill. exclusively the highway bill. we have not had one since 2005. two years since then. we had a couple continuing resolutions for highway projects. they are crumbling around the country. i would be found upon by my constituents. voting on a bill and then nothing happens in my district.
let me give you one example. one of my good friends, senator of missouri, one of my dear friends, when the 2008 economic crisis hit, we had foreclosures all over the country. we put together a program called neighborhood stabilization, we try to stabilize neighborhoods that had an abundance of foreclosures. there was not a single dollar spent in arkansas, missouri, kansas, iowa or oklahoma. neil: none of that money went into iowa. it did not go into bridges. it did not go into paving roads. it went into everything else. do not get the wrong idea. i just think you are writing a blueprint for the next budget disaster. >> the people would be happy. frankly -- neil: your people would be happy. >> immigrants and republicans
here in the house want your earmarks. some of them are afraid to say so. neil: we will see what happens. congressman cleaver. there is a guy, you agree to disagree. he is owning this stuff. i stand by your march. i thought of these guest coming here. a great book. extreme ownership. some of these guys, during the break, this is despite the fact that is looking at dirt on politicians as i was reading the book, they do not talk about it. i know you are disappointed. they do it for a reason. taking ownership of something, taking responsibility for something, accepting blame for something is something that should be bipartisan.
it is not a left thing. it is not a right thing. it is a decent human being could patriot thing. i was not aware. just becoming a seal is rough. why do you think we have a problem with responsibility? hillary clinton yesterday kept saying i am responsible for this am a but do not blame me for this. >> you cannot take responsibility and then go on to make a case about how you did not know, it was not your fault, it was someone else's fault. how great would it have been if from the very beginning when this happened if our secretary of state had stepped up, raised
her hand and said, you know what, this horrible thing happened in benghazi. >> this idea is a big risk. maybe because we have too many lawyers and power right now. there is a fear that if you accept that and go to the degree that he just said, there will be held not to pay. not only are you to blame, you are out of here. >> i took responsibility for things that went wrong on our department. horrible things. there was definitely a risk. i had to take that risk to maintain my integrity as a leader. neil: all right. what did your men and women work under you? the hottest battle and war history in the last century. i am just thinking, how would
that get your men or women behind you? >> stood up and took responsibility for it. there were a whole bunch of different pieces of parts. very complex. we did not lose respect for him, we gained respect. if a guy came into me and i said, listen, you screwed up and he says, no i didn't, it was not my fault, it was someone else's fault, there is a much greater chance of firing back i. you know what, we will take every step we can to make sure that it does not happen again. neil: you would think that your boss would never have your back? >> that is a fair statement to make. neil: so when i hear everything that is going on, no one claims
responsibility. a lower level. indicating it to secretary clinton. the democrats doing all the spending in the democrats and republicans doing all the spending. what happens when one politician comes up and says we screw up as a party is this. we have to do a better job. isn't he or she toast? >> i do not think so. the bin laden grade. everyone is taking credit. no one wants to take ownership of benghazi. you never have to take the steps to solve the problems if you do not take ownership. neil: talking about a pharmaceutical company doing very well. how to get the people on board. marketing product to people they did not know. wasn't that on a ceo not
communicating how important that was? or the troops that were just lazy. >> honestly, it is on both. you have a culture of ownership. then we go back to the troops and say, hey, if you did not understand this, why did you not raise your hand. neil: why do people keep blaming the leader? >> back and happen as well. neil: you still have a bunch of losers. fire them. get them out of the way. >> that is 100% right. we would have guys that made it to the basic training, but they get to a point where they are just not capable of doing the job. you have to get rid of them. neil: great athletes.
what made them seals? >> they have the will to succeed. that is really a big difference. if they have the will, i think that that is really what enables someone to make it to seal training. and succeed on the battlefield. that same determination. neil: politicians doing the same thing you are saying. could have argued that this was something on the administration. it went up after he had elledge that. you can just own up to something. you have a clear focus. what if you just keep admitting mistakes and keep making mistakes in you own up to them. after a while, quit admitting the same mistake. >> obviously someone that makes the same mistake over and over again is not capable of doing the job.
they need to get voted out or fired or overruled. neil: talking about high-tech concern. losing people. the immediate fear is you are sought after by headhunters. very territorial. protecting themselves. how do you keep that commodities and that maybe seal. how do you protect that? >> i think that it comes from belief. belief in the team. people take pride. that is an important thing for any company.
it was a position for themselves. there is not money to be made for that kind of thinking. >> i'm not sure i understand the question. you have people on the same team , they are not competing against each other. >> may be tempted by others. how does she keep them happy? >> you have to format mentality. everyone is pulling together. they will get attacked even harder back. you want to format culture. >> this book -- do you believe him? >> not at all. we are taking ownership.
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[laughter] connell: whose idea was it to have the two of us on air with them. neil: who wrote the book? [laughter] all right. one thing these guys were talking about was reclaiming responsibility. suck it up. no one will hold it against you in the scheme of things. they mentioned corporate examples and historic examples. they are right. i having said that, the big criticism of these hearings, it is a lot of money. you never get to the bottom of it. no one ever really answers the question. dagen and connell are here talking it out. what do you guys think? dagen: if the democrats are getting religion and going to lecture people about government
spending, i am here to give everyone a diction lesson. there was a report out and i will let, pick up the report from here about some of the egregious spending that has gone on within the government. connell, i will let you talk about it. i will not talk about x on television. connell: i knew we were going to do this segment this morning. i heard dagen was going to be on. it completed my recognition. afterwards, a website that has the story -- great. that is it. they actually went through this. found out that there is money spent on all kinds of things in congress. neil: including studies into controversies that you could team controversy of.
dagen: the origami condom story, almost two and a half million dollars given to this one guy. it was alleged that he may spend this money. supposed to return it to the federal government. neil: that was a scandal. i said that that was a republican scandal. of coarse he will like that one. a side plate. the virtue of the inquiries. connell: at the end of the day, the $4 million, it is not really a lot of money compared to these other ones. something just completely outrageous. for my money yesterday, i do not think that a lot changed. picking out the e-mail. e-mails to her daughter or prime minister saying hillary clinton died. this is exactly what we thought.
dagen: it is a waste of money. we still do not really know what happened. yesterday we have that revelation about hillary clinton clearly believing from day one. neil: it will not advance. dagen: in this, you know what, historically the federal government that money on things like newberry research and swine manure management. neil: it happens. dagen: < million dollars on this. neil: they are the dark force, by the way. the three yes, dagen. dagen: that was not even a good star wars analysis. neil: i was beating the heck out of it. all right. a lot more after this.
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neil: all right. it is a category 5 and it is a monster. hurricane patricia barreling in off the coast ofmexico. joe bastardi on howed about this could get. what do you think, joseph? >> neil, sort of the ground zero what will be the worst part of this hurricane, more populated cities. the problem here is not only this is just a vicious hurricane but the shape of the bay that manazill a is on like a cup. the water comes in, surge comes in, it will rise even higher as if it were a perpendicular hit. if you have a crescent shaped beach, it causes water to pile up more. there is more water gets put into an area with shorter
distance so it comes up even further. neil: how bad will this be? as you know he not only for residents there, this is tourist hot spot? you hope a lot of people cleared out of there, but what are they looking at? >> looks to me like it is going to be catastrophic there. that's what the forecasts are all saying. i'm in 100% agreement with that. i do think puerto vallarta further northwest is not hit as bad as manzanilla will get hit. if you look at the way the area gets shaped, one of these things water comes in and no place to go but straight up. that will be a real problem for that area. this is going to be the worst hurricane i think ever to hit mexico. neil: is that right? holy cow. >> yeah. neil: this is one time, joseph, i hope you're wrong. you rarely are. joe bastardi. thank you. >> well -- neil: finish up. >> there are other aspects here. neil: i will have to have you
neil: you know, popular thing we do in business news, not all of us, some of us, i sometimes find it remarkable but it is interesting to pass along, is we conflate events to peg to a number. and today what a lot of market readers are doing with the dow up this much, we pass ad lot of big hurdles. we've got china cutting interest
rates, good news. better-than-expected earnings out, good news. we have free fall in pharmaceutical stocks done, good news. talk about what is happening with technology stocks particularly amazon leading way on signs people are still like coiled spring and planning to buy, big, big, good news. we put it all together and come out with up do you. i'm not saying any of those components or all of them are not factors. my buddy keith fitz-gerald says be careful extrapolating things into one day's events. keith, even down to paul ryan likelihood of become being next speaker, cooler calmer heads prevail, washington stops being so disjointed and investors can relax. what do you think? >> i think that is very accurate. we know the market is the ultimate psychiatrist, whether ever you reach a extreme, neil, whether good or bad, there is reversion to the mean. there is cooler calmer climate
that reasserts itself and i inwel get that. neil, with he were in free fall defined much of the third quarter, particularly last half of it, now we're in a come back phase when is real? what is the mean now for these markets? >> i think the dawning realization that the markets went from terrible to simply less bad. there's still a lot of angst in the american public and rightfully show. people are waiting for the other shoe to drop for washington to have adult supervision, whatever you want to chalk it up to, people are pinning to understand, you know what? life will go on. this is not the end of the financial universe as we know it there are plenty opportunities out there for people to invest in. that's a good thing. neil: are we overreading what sampson is saying about the american shopper, global shopper guess in amazon's case because other retailers don't share that glee? i don't think so, and here's why. amazon is not bricks and mortar,
and never has been. they have something unique to the online space which in my opinion will be future. there will always be bricks and mortar. it will just not be the way it was when we grew up. neil: what will be the way? >> i think it will ablin and increasing online. i think customers will become more vocal and larger profit margins as manufacturers figure out how to cater to that. that hasn't happened yet. neil: thank you, my friend. good step back read of all this. meantime we were telling you about paul ryan now likely to be the next speaker and getting all his demands met. he already said going into the job i will not be doing this 24/7 like that other guy, boehner. i value spending time with my family. leaving aside whether you like your family or your kids, what do you think of the message he is sending in a career-obsessed world where we sacrifice all of that? our boomers are buzzing after this. ♪ (patrick 1) what's it like to be the boss of you?
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of itself was a surprise and stock soaring today over 7%. demand has improved more for cruise trips. if you like to go on a cruise, profit at royal caribbean was better than expected. this all-time high for the stock as well today. another all-time high for one that we've talked about this week would be mcdonald's after the big move yesterday, up 111 and change today. we've seen a lot of momentum in these types of stocks recently, consumer-related stocks, whether consumer staples or consumer discretionary. those are best two performing groups so far this year in the s&p 500. other well-known names are off their highs. obviously home depot. neil is back in a moment with more "coast to coast."
neil: all right. if we see paul ryan become next speaker of house will be very different speaker. he wants to spend time with his family. he has assurances won't travel around like crazy. will dial back what typical speakers do. they're okay with that but not all our "bitter boomers." charles payne, steven lieb, lizzie macdonald. all this caused a lot of agita in online world, look, he has a job to do, do it. >> absolutely, absolutely. he probably looks at caretaker job and had everybody bent over a barrel but bottom line there is tremendous amount of at stake
and tremendous responsibility you have to do it. nobody else in similar position in the private sector could pull what he did. there is no way. neil: ceo coming into the job -- >> i want my own schedule. i want to be with family on weekends. if you have deadlines, innovation, you have competition in the real world, you know what? too bad, buddy. neil: you hate your family, don't you? >> they probably hate me more than i hate them. >> charles is right. but, go a step further and say, basically amount of family time doesn't really matter. quality of family time. neil: that is what very involved corporate guys say. >> no, its true. they have done studies. journal of marriage and something or other publish ad -- neil: put out by a corporate guy. >> they said that, what count is one-on-one time with your kids. and that doesn't have to be three days which i guess ryan takes. neil: brady you're a "family guy." you work a lot of hours here.
how do you juggle? >> to quote john candy, planes, trains automobile, finest line a man will walk is success at work and success at home. >> kidding? >> he did say that screenwriter said it. speaker job is demanding. it is a lot of travel and fund-raising. neil: he doesn't want to do that part of it. >> he shouldn't do the job. neil: what about redeteen r fining the job -- redefining the job? >> redefining job working for taxpayer is the count r controversy. neil: what if he is more productive. >> you could shoot arrow in halls of congress and not hit anybody on any given day. i'm not saying that is paul ryan's fault. neil: i was intern in the carter administration. i have to admit that. >> no. neil: he was considered hardest working president and bright i.q. >> very bright guy. neil: a guy succeeded him worked half the hours and was more focused and successful
president. >> agreed. neil: paul ryan can be more productive. >> there are many, many variables here. but let me just give you -- neil: ronald reagan focused on things that mattered. paul ryan wants to do that. >> if paul ryan is home, eating dinner, fighting with his wife over dinner while the government is shutting down are you going to tell me will feel good about that? i don't want him there. >> he is not saying he would do that. >> i know. i'm taking it a little too far but basically that is what it is. neil: so it doesn't come to that. >> you're right, reagan did focus on things that matter. neil: i only mention that example to say we define success by quantity of hours we work? >> i think you reach success by quantity of hours. if you look at arc of america's success in general, we built this amazing country, never anything like it on planet earth and trying to dismantle it by doing exact opposite. neil: that's a good point. >> charles is totally right. >> -- tweetinged out john adams left his wife for years at a
time to serve his country. i get it. neil: mrs. adams didn't care. >> john adams has been boomerang kids to deal with. maybe that is why he was out of the house. i'm kidding. is paul ryan making a point, is it bargaining chip because i want quality time with my family and working for taxpayer? that is the controversy. >> from a rep pewable journal, shows from 1975 to the present, the a of time, both parents and father an mother are steadily increasing. while that is happening, productivity has been going down, wages have been stagnating. here's the bottom line, here's the real kicker s.a.t. scores have been going down. kids performances have not been improving. neil: everyone is happy at home. >> no one is thrilled. no one performing in school. no one performing in the work
place. neil: payne mentioned something very interesting, this idea we built this country not exactly mailing it in. >> right. neil: we worked hard. all of us growing up our parents were probably pretty busy but they had time for oust and prioritized. what is wrong with going back to that? >> there is nothing wrong with going back to that. in it particular situation, speaker of the house job, it is very demanding and ultimately paul ryan will shortchange his family or country. neil: what if it so much involves fund-raising? >> it does involve fund-raising. neil: what about changing that aspect of it? >> that is possible. neil: trying to give him the benefit of the doubt. >> i am too. >> paul ryan is so charismatic. that is how he got the gig. fund raise on weekends and don't come in on monday and tuesday. probably would be most effective at. neil: you will admit, no two of you can work the exact same schedule, right? you have different ways getting stuff done? >> that's true.
neil: all of you here i know for a fact, you work very, very long hours. is kind nature of the beast. we all do. is there a better way to do it? is ryan forcing us to think not that we become france or is there a better way? >> he doesn't want to get locked with hamster wheel battles with certain people in the house. cutting it back, get focused, get on stick, get country moving again. neil: ronald reagan famously came when he came into office, i want stronger defense and more money in americans pockets. >> that was the vision he had. >> he just focused on that. you know who else did same thing but probably spent more time at it was margaret thatcher. neil: mrs. adams and mrs. thatcher. >> when history is written i think margaret thatcher show up as probably greatest leader of
postwar era. >> best work life balance. >> she raised kids. focused on her job. she was unrelenting in terms of what she wanted to do. neil: no matter how much you time you spend they could still end up hating you. so right -- >> that part right there, no guarranties. you want to be broke at 50 years old and your kids don't like you, golly. i would rather make money. this way if they don't like me -- one out of two. >> if you love your children, that's much more important than how much time you spend with them. if you don't love them, the more time you spend with them the worse it is. >> when they get older they will be saying got any cash for me? i don't have any cash this week because we played volleyball every day. we were in the backyard playing kick ball but you won't go to college! neil: they are lighting up all over again. >> charles is really a birth boomer? neil: he is pretending.
he is wonderful human being. so you kids, charles, come on, lighten up on pop. mike is at home. talk to your -- mother. >> love your children. ices firm? or 13,000 financial advisors who say thank you? it's why edward jones is the big company that doesn't act that way. for less than the average price of a car, you could be driving an extraordinary mercedes-benz. one that shatters the molds of design... shatters the standards of performance... ...and shatters the limits of technology. the 2016 gla starting at just $32,500. shattering expectations wherever it goes. ♪ ♪ (singing) you wouldn't haul a load without checking your clearance.
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so she is riding a bit of a wave here. we'll see how far and how long that lasts. meantime looking at something else a bit of a wave at least for today, stocks up 145 plus points after appreciable advance yesterday of 300 plus points. a lot has to do with better than expected news at companies. i could get into china lowering interest rate things, fact of the matter, particularly technology companies, are on a tear. amazon chief among them saying, you know, whatever people say about the consumer dead. we're beefing up for 100,000 extra workers to handle the holiday crowds. they had another quarter where they made more money than anyone thought they would. they made money again which is unusual. that has no one looking back in the rear view mirror? is that justified? is this sign usually scary month of october is lot less so? we could finish out the year up only a percent or so away from the dow? adam lashinsky, ben stein.
ben, what do you make of confluence of all developments, market ones, whether we reverse the third quarter's decline? >> i love it. i love every bit of it. i think it is fantastically wonderful. can it last? nobody knows but traders are in a very, very good move. they want to move the market up so the market moves up. what a move that google or alphabet we call it, what an as sounding company that is. just off the charts. neil: i had been hoping to time it to the day, the hour, the minute. maybe another show will do that. adam, what do you make of this, whether it has staying power to it? what do you think? >> well, i think it is extremely complicated. i think what is going on with these tech powerhouses like amazon and google, they're playing into five, 10-year trends. the trend is going extremely well for them right now. they're taking business away from established players. so while i think, so for example, amazon saying that the consumer market is better than you might think, i think true,
but then again, there are also extremely well-poised to step on the pedal and take business away from likes of walmart which is seeing, you know, terrible behavior in the consumer market. that's why i say it is terribly complicated. i'm just not sure, neil. neil: when you say terribly complicated i'm not -- >> nobody's sure. nobody's sure. >> nobody is sure, ben, but you can have opinion. >> oh, that's true. neil: ben, on retailers side, you get read of mood of consumer, right? the consumer is poised to do a lot of shopping and these guys who make money betting what they are, they're obviously hiring a lot of folks this holiday season to keep up with demand. >> i wish they would hire my son. i wish they would hire my son. neil: barring that, what do you think of what they're saying, that the consumer is a lot stronger than thought? >> i think the consumer is very strong and whole mood of this country in terms of economy is very good.
every so often on wonderful shows and wonderful panelists in this terrible economy, this economy isn't terrible at all. this economy is great, roaring along. i'm very optimistic that endless amount of deficit spending will keep it pumped up. neil: adam, that is good for democrats, right? >> oh, i think it is, in fact good for democrats. i think, you know, assuming hillary clinton is the nominee and assuming she runs against somebody who doesn't have a record against politician or if she runs against -- neil: i don't think you would be -- in that answer. >> fair point, i'm not being complicated. but i think she'll be able -- by the way, come november, if she is the next november, if she is nominee, she will not be bashing president obama. she will not be saying i don't agree with his policies. she will be saying i was part of this administration that brought you the strong economy. >> absolutely. neil: guys, we'll have more after this. a final read on something else that happened today that i think
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if legalzoom has your back.s, over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here. jeb bush:believes thatnt, wamerica's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader.
we have to stand for the values of freedom. who's going to take care of the christians that are being eliminated in the middle east? but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message. mmm hmm.i know the markets have taken a hit lately. just wanted to touch base. we came to manage over $800 billion in assets, through face time when you really need it. it's how edward jones makes sense of investing.
neil: finally tonight, next time they tell you we run out of great ideas in this country, remember the life of tom stemberg. he passed away at age of 66, cofounder of staples. he said there would be money in a company all about office supplies. he was right. we'll miss him. trish regan. trish: thanks so much, neil. "the intelligence report" that one-time republican favorite jeb bush looking to major cutbacks in his campaign. i'm trish riege fan, welcome to "the intelligence report." according to a memo obtained exclusively by "the intelligence report" they are slashing payroll costs 40%. cutting salaries across the board and downsizing its headquarters. it is doing so in response to what it calls the changing contours of this race. translation? "the donald." o