tv Bulls Bears FOX Business February 14, 2016 8:00am-8:31am EST
i hope you join me all week in the no spin zone. have a great weekend, everybody. reason. >> tomorrow newt gingrich. >> more spring fishing. >> happy valentine's day. >> when is valentine's day? >> wild swings. not just hire, but everywhere that's fueling new worries we are swing back into a new recession. are we? this is bulls and bears. the bulls and bears this week welcome to everybody. gary bear, are we looking at another bad recession? >> i think we are every single sign i look at whether you look at macrosigns from gdp growth,
household income, demand for oil, whether you are looking at the financial sector, the charts, i can't see one positive sign out there. normally getting brief pullbacks, you see, well the tech sector is strong or net flicks is still doing well. i go through every single indicator i look at. i can't find one that's positive. i think the market is hurting. i definitely think we are headed to a recession. we are probably long overdue. i think this could be a painful one. >> the argument is, we don't look as lousy as the rest of the world, at least retail sales were up last month, right? >> that's right. we're the tallest leprechaun. that's not saying a lot. there aren't many signs out there. the middle east is in crisis. more important than the middle east being at war.
you have countries like qatar, sauce for the first time they can't fund their own government so they're selling a lot of tear stocks, it's killing european banks and twitter, which they own a lot of so you see a lot of negatives going forward. most of the signs i don't think we are headed for a consumer recession. we are certainly in a corporate recession. we had three straight quarters of declining profit t. capex is the lowest spending we had in five years. we are seeing a lot of bad signs. i think we will be a growth but a meager growth going forward. >> meager is not good enough. chuck, what do you say? >> i blamed it on donald trump. i was watching him. he said he will make everything great again. i'm sure everything will be fine. i was looking, car sales are up. we are creating jobs, oil is at an all time low. we have slow gdp growth i'm not coming on this show anymore. i would say it is slow growth.
the funneling of bernie sanders is going to millionaires and billionaires. people like me being left out. i think that's the problem. >> that's why we're in a precarious position. this has been the weakest recovery since world war ii. people's wages weren't growing. so we were already starting from a very weak position. >> if there even was a recovery, you can make the argument there wasn't a full recovery. one number that has me worried. the number that has me worried sventure spending in silicon valley. it was 19 billion in the fourth quarter of 2015, down billion the first quarter of this year. that's scary the tech sector was like the last bulletproof sector. if you look at analyst reports, you average them out. they'll tell you there is a 25 to 35% chance there is going to be a recession in the next 18 months. okay. that's, you know, that's not the preponderance of it. that's sort of like a weather
forecaster saying, go outside, there is only a 25 to 35% chance you will get frost bite. that's not 100% chance. it will be nasty out. i think it will be nasty going forward. if are you a consumer or somebody who works. you got to batten down the hatches. when you vote, you have to think jobs, jobs, jobs, that's the thing that will get hit. >> the one thing i have to sayt the bernie sanders impression. >> billions and billions of jobs. you don't look abroad, it's hard to say things are falling apart here. there is serious recessions in the emerging market to some extent in europe they have a banking crisis. for us, i say we can dodge it. it's been a long time. i still think the consumer at home has seen the benefits of the world's problem. car sales was brought up.
mortgage rates are pushing a dollar in some places because of a huge foreign problem hopefully won't spread and destroy america. so at this point i think you can sit tied and enjoy the benefits of a collapsing world. >> 27 days in a row with swings up 200 points or more tying the record during the financial crisis in 2008. how does that not scare people, scaring the individual and the consumer into pulling back, which creates the recession. >> absolutely. look. it is a scary time. a lot of times, not every time, when we have a market like this, it does signal recession. i feel i'm in my 12th grade debate team. i want to pick up rebuttal to some of the others. we mentioned retail sales growing. yet they're at the slowest year-to-year growth rate, slower than 2013, 2014 second poivenltd
unlike other depressions or god forbid depressions, the fed is out of bullets, beside, negative interest rates in asia, across the board, they haven't worked. so even if the fed had some bullets. there is nothing they can do right now. chuck talked about jobs. my gosh, the full employment rate, u 6 number. labor force par tis spacing at a 40-year low or near a 40-year low. again, even the positive points are kind of eh, louse qui. that's why i can't get entruciastic about this recovery so to speak. >> hoarse something certain, somebody else will be in the white house next year, if you blame wall street, who does it benefit? it would benefit the democrats? >> yeah, it would and for some
reason miss clinton has gone towards bernie sanders instead of away from him. they both towing are saying they will punish corporate america which is not good for corps america one of the reasons capex spending may be at a four-year low and you talk about uncertainty. gary b, for just a second. why is gdp continuing to go down if we have full employment? the only answer can be is those jobs were replaced by jobs not as good. we are seeing our middle class absolutely destroyed. i agree with you on the fact, this is not good, we're seek a slow retail growth. we're seeing some growth a. job growth. it's not good jobs. at least it's growth. >> is that what you are talking about? >> gary, no, iej fought putting lipstick on a pick here trying to make good.
it's not very good. >> so i take that as an insult. thank you. susie, who does this lousy economy benefit come move? >> well, if there is a republican candidate. i hope there is one, who just talks about jobs until he turns blue in the face every time he comes on, oh, he will talk about jobs the same way you see a democrat, now there is only two of them. you think, oh, they will be bashing wall street. if we the republicans can get a candidate that talks about jobs, jobs, jobs, that's who will benefit from this dangerous combination of fear and pessimism equals sell-off in the stockmarket. >> this is what i do. what you see is anxiety out there the problem is we haven't seen real wage growth in years. >> that gives rise to donald trump and bernie sanders. people are sick and tired of being sick and tired. they think those guys over there are the reason. sure we need some business. the middle america, there is not as many of them.
there is a frustration there you have a job. some have two or three jobs. i think they're driving the market and our political process. >> final word. who does it benefit come november? >> mike bloomberg who hasn't entered the race. the other guys will look like they're so weak. mccain started to lock look he's out of his element. >> that is what everybody on both sides looks like in a serious economic problem. nobody cares about foreign problems. they care about our economy. >> that will play to someone who knows about business. talk about how great he is. >> thank you all. that was very succinct. i'm shocked, almost breathless, thank you. charles payne is in for neil this week. what have you got coming up? >> donald trump tells us what he thinks of the new video, showing iran making a mockery of those captured middle eastern sailors. free phones and free lawyers for illegal immigrants? they were not really free. guess who will pay, see you at the bottom of the hour.
>> thanks, charles him up here first, see this minimum wage rage, what if i told you it wasn't at last week's republican debate but at this week's democratic debate. we report all the candidates and job creators hide. when it comes to small business, she's in the know. so strap yourselves in for action flo! small business edition. oh, no! i'm up to my neck in operating costs! i'll save the day! for plumbers and bakers and scapers of lawn, she's got insurance savvy you can count on. you chipped my birdbath!
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>> call them democratic party crashers. protesters in milwaukee demanding a $15 minimum wage before thursday night's democratic presidential debate a nationwide mandate would be the worst thing for jobs? >> absolutely, why not 15, why not 20? it's an arbitrary in they have chosen. i'm fixing it long term and take unions and politics out of it i was in seattle. i paid $50 bucks for parking. why is it so much? he said with the new minimum wage we had to raise everything in seattle. you are seeing it hurting the rental car business, the parking business. it's going to technology, which is what will happen with these jobs, it's going to technology where there is not a minimum wage. >> gary b businesses say we will
not open stores in cities with $15 minimum wages. it kills jobs. why don't people listen to them? >> they're doing the opposite. they're not opening them, they're closing them in china town, in los angeles, the residents there were dying to have their wal-mart there. they love their wal-mart there because it provided a real need. it had to close because they couldn't afford the $15. you know, john about seattle, jorng of course one of those billionaires who can't afford $50 for parking. but somehow, the point is restaurant prices there have gone up 7 to 8% t. prices are passed onto the consumer. whether you look at anecdotes or studies, $15 minimum wage, everything above mark will hurt the economy. >> hillary clinton wants $12 for a minimum wage. even that's not good enough for these union backed, union funded protesters. >> you need to back you a. i make these union signs.
i make the tv ads for the politicians, it's called don't be hurting my job here. back to this point, you can tie it to the other conversation we were having because of no real wage growth and a slow recovery, there's lots of people that have lots of minimum wage jobs. i say all for them. if you can demand and get more, if you get more money, you are going to spend more money. we can continue to have this debate. i think as long as working people are trying to demand it and let their voice be heard. it's a good thing. they may not always get it. i can call you a campaign sign. call me up. >> there is a difference between demanding it and mandating it. when you force businesses to make this wage, it's a job killer. >> i agree with gary and john. let everybody raise the minimum wage. this is like letting your child have all the halloween candy the night of halloween, you say don't do it. eventually, they have to learn the hard way it's bad for them. you let them eat the candy, it's not pretty.
let the wages go up and the jobs will vanish. there will be fewer jobs. next time they'll protest for training, not for these low paying service jobs but higher paying high quality jobs. that's what they should be protesting about. more jobs, not higher minimum wage. >> global wage stagnation is not going to be curable with a decree by the government on what the wages should be. >> that said, it is a good insurance policy against bernie sanders and that element. there is always a risk in capitalism that people will resolve. you will have more damages than a slightly artificially high wage. which is what we are talking about here. i say, bernie sanders within be leading hillary clinton if obama put this index into innation years ago. it would have quitted that element of the debate down. i say you need it. maybe not 15. a lot of companies cost high unemployment. it's better when other people are involved.
>> gary b follower. >> i would ask chuck one question. where do you think the extra money comes from? from business owners. they have less money to build businesses and hire people. >> ah, the become legionaires and millionaires, let them go. >> tell that to the pizza shop owner. >> cashing in is just over an hour from now, eric, what do you guys have coming up? >> the liberal media making fun of the donald and his supporters. really the job of the media. why sanders and trump are attracting huge crowds. see you at 11:30 on "cashing in." >> we'll be watching him up here first, some of our guys are calling for it. now a senate panel is pushing it. will the fan plan to fight isis online propaganda work?
yes, we are twins. when i went on to ancestry, i just put in the name of my parents and my grandparents. i was getting all these leaves and i was going back generation after generation. you start to see documents and you see signatures of people that you've never met. i mean, you don't know these people, but you feel like you do. you get connected to them. i wish that i could get into a time machine and go back 100 years, 200 years and just meet these people. being on ancestry just made me feel like i belonged somewhere.
isis. a senate panel fighting isis online to counter its propaganda. facebook announcing it is stepping up efforts to remove profiles linked to extremists. you have been calming for this. is it enough? >> i don't think we can throw enough money at this problem. i think it's a part of private efforts to do it. it's stupid money, nothing will happen. fighting isis messaging has gotten very sophisticated is not a job for bureaucrats or admin madson avenue. this is a gob for people who have been radicalized and left and people experts in at risk youth. those are the people going to isis. hopeless young men who are being promised a future. the messaging has to be sophisticated in presenting another kind of future. i think facebook and trths all soeth e towing wisely with smart and focused efforts.
>> chuck, something the fbi is doing is not quite sophisticated. >> that's right. the fbi started this goat game. it shows young children not to go down the propaganda highway by destroying a goat. i think more so than that it should be a private public thing. i said this before. i went online last week and looked at peanut butter treats for the best bulldog. which i have. everywhere i turn, if they can track me getting dog treats. they should will able to track these people that want to destroy our company and get rid of them. >> is this government effort gary b worth it? >> it sounsd like it's ripped from the page of the onion. one bill counterprevents online radicalization. first of all, they just doing that now. second of all, i bet isis is scared of their planning session. the other one, chuck's point, they will go to colleges and
have the students develop counter-narratives for teenagers and young adults. oh my gosh, i better that quakeing in their boots. i'm not sure we're addressing the right problem. they sound like a wompgy thing we will -- wonky thing and which will get nothing. >> the companies like facebook fear the government. as to they are stepping up. >> the white house met in early january. it's a one of page request as gary b was playing. i played the goat game. it made donkey kong look like war crap i'm sad at the final thing. >> final word,py dear. >> this is the daim same government that spent hundreds of thousands on the obamacare website and had to fix it. classified e-mails, they
couldn't organize a rock fight much less something to do with computers. put a bount kwli on it. pay anonymous to do it. >> thank you all and a special thanks, to susie and chuck for joining us. thank you both. coming up, don't foefrth valentine's day tomorrow for your at ally bank, no branches equals great rates. it's a fact. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on in.
mean? chocolate. hersheys up 20% by this time next year. >> john. >> health care are remain a hot sector. >> valentine's dad man sax, doing terrible this year. you can still get in on the currency shares eta up 15% this year. >> bye. >> this video that came out from iran, showing the sailors, some crying. what do you make of that? >> i think it's disgusting. i think they're disgusting. secretary kerry should be absolutely shamed. >> donald trump ticked off after iran releases a video of u.s. sailors crying in captivity. after iranians were seen mocking those same soldiers. hello, everyone. jerry women is says