Skip to main content

tv   Cavuto Coast to Coast  FOX Business  April 19, 2016 12:00pm-2:01pm EDT

12:00 pm
stuart: you know, we would like to have gone out at a new record high for the tao but we are not going to do it. ashley: ran out of steam. stuart: we are only up 20 points but we will take 18,000 and i'm sure neil will as well. neil: just listening to you i always love listening, you point out property in california, you have property of every kind it would seem. stuart: not quite, working on it. neil: thank you very much. the very latest on what is going on in the big apple and the empire state. for the front runners in this race, do or die or make the others die because that is what is at stake, if you are donald trump leading this case by double-digit going into this, the hope is he can give the
12:01 pm
appearance of closing the deal and all about putting steak in the chances of ted cruz's campaign. 95 delegates are in steak for republicans, 247 a democrats, how they are allocated is anyone's guest but through vagary of political laws in each party it could be a crownmaker or one that drags on and on. the republican side, donald trump, much is at stake here and beyond because he has set in motion a plan just in case there is a contested convention. connell mcshane, what they are planning at team trump. >> a number of changes on the campaign but he is the home state republican by donald trump, so as you expect, the front-runner or any home state candidate to start the day he voted on fifth avenue at trump tower and going up the block to a synagogue which serves as a
12:02 pm
local polling place, he said it was a great honor to vote for himself are president. that part is done. the next part of the day is interesting as he settles near trump tower with the family to watch the results and the returns as they coming, it is likely he will be looking not so much at how many votes he gets in new york but how many delegates does he accumulate? he is have -- comfortably ahead, 767 delegates, 559 for ted cruz, john kasich won 44. of those 95 you mentioned in new york how many can he take in? if he tops 50% statewide that will give him 14. it leaves 81. then it comes down to the individual congressional districts, how many districts can trump's top 50%? that is the main event tonight. if that is the main event the side story is the intrigue and campaign you are alluding to, politico and others have done stories about how the trump campaign manager corey lewandowski appears to be losing power to the new delegate
12:03 pm
manager, one of the corey lewandowski loyalists left the campaign and trump bringing in a big-time lawyer named william mckinley to help with this delegate business, quite a background in political insider, has worked as counsel to the republican rules committee, a real insider, that is the type of thing going on in this campaign as it exits the state of new york, moves to the other northeastern states next week but tonight it is all about not so much votes but delegates. we will watch it close. neil: mckinley was an interesting pick because he was instrumental in if memory serves those ron paul votes that accumulated going into the convention and getting them to mitt romney. otherwise that could cause some bloodletting. it would not compromise the nomination for mitt romney but make it interesting. connell: interesting that many of these campaigns, trump's included, are adding veteran
12:04 pm
people, political app lives that have worked on others, john kasich has done the same thing and charlie black and the ted cruz campaign is notorious for doing that, very experienced people. trump may be late to the game but is going upward now. neil: thank you, connell mcshane, a long day but we like long days with this kind of stuff. anthony scaramucci was pedicle financewise and a big backer last go around with mitt romney and very good to have you. >> i love it up here. neil: mitt romney said yesterday he really thinks john kasich staying in the race all but assures a first ballot victory for donald trump. do you agree with that? >> hard to tell right now.
12:05 pm
mitt romney is very astute and that could be. if you are asking the odds on favorite he gets the first ballot victory and i also think he is doing a good job bringing in insiders. he brought in rick wiley, campaign manager of scott walker, i am very close to rick, very hands-on guy, knows the intricacies of the system so what this says about candidate trump is he is bright enough, secure enough to surround himself with superstar talent. he has the team to put him over the top. neil: he is preparing for a fight if you include william mcginley, these are guys who are taking the fight to the floor. what would that mean? >> what i'm impressed by is this is the first time he has been a candidate for public office, going for the highest office in the land and i have never seen anybody more quickly on the road than donald trump. he has figured out the system has to be manipulated in order for him to secure a first ballot victory or in a contested or
12:06 pm
open convention he has got to figure out a way to get the delegates to his cause. the numbers are there. he wasn't my first choice. i get lit up on twitter, tell my twitter trolls better be nice to me or i will support your candidate. neil: you still feel trump is the winner. >> i am a republican. as i talked to rick wiley the other day, you work for trump, if it wasn't for trump in the beginning he is more trump now. neil: mitt romney cannot endorse trump, no way no how. >> the governor has a big event in june. he brings -- in park city, utah, bring 200 of his friends up there before the republican convention, wall street week is going up there, we will do some filming. neil: at that time indicate -- >> i am hoping.
12:07 pm
politics make strange bedfellows. we are republicans, very necessary for the republican party to regain the presidency and i am wearing the republican jersey. neil: we will speak to a big republican not to go ahead and vote. he would rather vote for hillary clinton to cleanse the party. >> that may be true but people like winning more than that. the fundraising, you have got to come out of the gate is the republican nominee with a pastor raising us$500 million with the presidential trust has raised the hundred so the nominee gets that but you will need another $500 million liquid to build a field operation necessary to swing those states to the republican party. that is $33,000 checks, the maximum you can give to the republican trust. you need fundraising in the 50 states, approximately 1200 people.
12:08 pm
that has to be organized. neil: 1200 people giving how much? >> $495 million, people getting 15,000 $33,000 checks, that is the fundraising. of the 20 trump hasn't done that. >> he doesn't have that apparatus in place. neil: will he? >> he needs to. there has been private discussion. of the 20 felt slighted. >> he does but maybe there will be a volunteer movement that helps the race that money. neil: do you think he could self fund that kind of money? >> i take him at his word that he can do that. others say he doesn't but he has gotten this far on a limited amount of money. i don't think he can get to the presidency on the amount of money he is spending right now. neil: any money left over after the the out the jersey? >> i do and i will buy the pizza jersey. neil: pizza, how much -- >> $3.95 for your pizza delivery jersey.
12:09 pm
i don't need my partner. neil: just beat me out for that, so congratulations. thank you very much. >> look forward to seeing you later. of the 20 wall street week anthony scaramucci. there is a battle on the democratic side that could be as divisive and has been as divisive especially with the latest charges by bernie sanders against team clinton. what is going on right there, adam shapiro? adam: it has to do with fundraising. we heard sanders attacking clinton on fundraising but he sent a letter to the democratic national committee alleging impropriety and the question is will they follow this up with the federal election committee? it has to do with the hillary victory fund. donors to a joint fundraising effort between the hillary clinton campaign and the democratic national committee in which a wealthy donor could donate as much as $350,000. here is what bernie sanders's campaign in a letter to the dnc
12:10 pm
has said, quote, bernie 2016 is concerned that at best the joint fundraising committee's spending on direct mail and online advertising appears to represent an impermissible inclined contribution from the dnc and participating state party committee to america, the letter says. now the hillary clinton campaign has responded and they are using the words poisonous, let me read you from clinton's campaign manager, insurmountable odds, he is resorting to baseless accusations of illegal action and poisoning the well for democratic candidates up and down the ticket. what does it mean? this money is joint fundraising venture money, spent only on hillary clinton but also on candidates who are democrats for the house and senate. the kind of thing they were raising money for in california where bernie sanders supporters through dollar bills that
12:11 pm
clinton's motorcade. this is the latest kerfuffle between clinton and sanders. neil: it exists getting nastier. thank you very much. nicole pedallides sustaining serious body blows even with devastating earnings, better than we thought. nicole: we will go with the phrase not as bad as it could have been. talk about bond trading investment and the like, just having a conversation with meridian equity partners on the floor here, they lowered the bar so much, they are beating, we saw jpmorgan and goldman sachs and morgan stanley do better but they are saying the same thing, the top trading environment. take a look, they have done well over the last week or so to get to that 18,000 mark but this
12:12 pm
group has been beaten-down, we are single and sat down 12%, city and bank of america down 13%, 16%. live trading on goldman sachs, we see at higher after they came out with quarterly numbers and last but not least watching ibm closely after it reported its numbers, ibm is down 6%, shaving off 30 tao points and quarterly revenue dropped over and over again and they have been trying to spend in technology and the cloud and artificial intelligence but they can't balance out the top area. neil: thank you very much, nicole pedallides, president obama is expected to make some stops, it will not be warmly received, certainly in the united states, where his view on saudi arabia, not suing them for their role or at least some royalties's role in the 9/11 attacks, didn't think that was the time or the place to start
12:13 pm
reopening that are allowing that. the saudis have responded by saying you even try to do that we will sell a lot of your stuff. it is a nasty kerfuffle. in the middle of that is president obama in the city and the state where 9/11 still rings loud. there is a lot of anger. more after this.
12:14 pm
12:15 pm
12:16 pm
neil: we are outside on a beautiful day in new york, this will help donald trump, they are hoping bernie sanders on the left or so, talking about a big turnout that would be crucial to reverse polls and down by double-digit, polls close at 9:00 pm eastern time.
12:17 pm
to another subject that is a bone of contention in new york, particularly given our proximity to downtown and the 9/11 disaster, the president will stop these efforts or veto efforts to allow victims families to sue saudi arabia which they argue was very influential are certainly had royal or high government connections with the attackers back on 9/11. the president who will be leaving shortly for riyadh indicating this would do more harm than good and the saudi's have threatened if this were to happen and were allowed to sue and they would respond in kind to sell a lot of bills and the rest they own, it will cause a lot of problems so the defense secretary of the united states, very good to have you. what does the president fear, maybe you fear in letting these families go ahead and be allowed to sue?
12:18 pm
>> the first time we have supported the removal or limitation of sovereign immunity and the fear is if we do it we will set in motion a dynamic and other states will do it as well so you could have a situation in which we are authorized to use force in various parts of the world, iraq, syria, yemen and elsewhere and if we happen to kill some innocent people they could bring lawsuits against every government official involved in those decisionmaking processes, there is a real fear it might set in motion a retaliation or reciprocity in other countries, and undermining the relationship we have with every other country on the planet. neil: 9/11 families, remember 9/11, not like any other situation and they fear if these 28 pages of the 9/11 report
12:19 pm
never made public show unequivocally royal family involved government involvement maybe not at the highest level but mid to lower levels that should get out there. what do you think? >> there are two issues. the 9/11 commission did not find that high level of saudi government involvement and the 9/11 commission decided it was too hot to handle, perhaps the most massive cover-up in the history of congressional investigation. of the 20 why not release those 28 pages? >> a separate investigation conducted by a congressional committee and they may do that. the administration is now looking to see whether it should declassify that report. that is a separate issue from whether or not to allow the removal of sovereign immunity. neil: do you think there is a prevailing review under republican and democratic administration that we cannot trust the saudi's. they are not out for our
12:20 pm
interest but there is. they are not to be trusted. what do you say? >> many of the saudi's feel the same thing about the united states that we are not to be trusted, we have thrown our lot in with air and versus the other gulf states including uae, saudi arabia and others so lack of trust on the part of the gulf states that looked for the united states to be the guarantor of their security. the trust and mistrust goes both ways, each country act out of its own self interests. we are acting out of our self interest in being involved in that region by trying to destroy isis or isil because they pose a threat not only to the region but to us so every nation act out of its own interests, and the notion that we have only charitable instincts in mind is not realistic. we act out of our self-interest, we believe that it helps other
12:21 pm
countries interests but first and foremost we are acting out of our own. neil: thank you very much for joining . we appreciate it. this is cause a dustup in the democratic party, leading candidates for president saying the president is not doing enough and they think he should go further. in new york that is just what a lot of people here when it comes to victims families, they should have the right to sue a sovereign government. back to this issue of whether this fractures the democratic party. who better to ask than the vice presidential candidates? here's the plan. you're a financial company that cares, but your logo is old and a little pointy. so you evolve. you simplify. you haven't changed. you still help people live their best lives. and finally your new logo is ready,
12:22 pm
and you decide the perfect time to show the world is right... now.
12:23 pm
12:24 pm
poallergies?reather. stuffy nose? can't sleep? take that. a breathe right nasal strip instantly opens your nose up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right. neil: we mentioned this earlier on the broadcast, welcome back, adam schapiro was talking to bernie sanders folks who think the fundraising apparatus that is team clinton, the dnc,
12:25 pm
without getting bogged down in the details, his camp is alleging that when they do joint fundraising together it is hillary clinton's campaign that benefited not bernie sanders and that violates a number of campaign laws. without getting too stuck in the details of this i have joe lieberman to pit him against one or the other end embarrass himself on national tv. let's see how we do. thank you very much. is this much ado about nothing as the clinton folks say or does sanders have a point? sanders has always felt the dnc doesn't like me, will do almost anything in its power to stick it to me. what do you think? >> he is probably somewhat right about that. this is much more politics than law. senator sanders made the complaint in the letter to the democratic national committee, he hasn't at least yet filed any charges with the federal election commission for why
12:26 pm
people, election law experts say this happened a lot, joint fundraising before the international committee and a particular candidate, senator sanders may think too cozy a relationship. neil: too much, the same with superdelegates. >> let me say it is fascinating that the two surprisingly successful outsider candidates in each party, donald trump, bernie sanders, currently, fighting their respective national committees and to some extent that is because they feel their national committees are not really sympathetic to them but to some extent it backs up their antiestablishment status which is part of their political -- neil: donald trump on the republican side saying we have a system where some party bosses get together whether it is in
12:27 pm
wyoming or colorado or elsewhere my opponent benefits and gets all the delegates. others on the democratic side talk about the role of superdelegate because the race by pledged delegates is very close, throw in superdelegates and hillary clinton is ahead by 700 delegates. is that fair? both parties remind people wait a minute, this isn't all es. the establishment in both parties set the rules. if you are talking about a perfectly fair system, there really is not an argument for the superdelegates. the delegates at the convention should as closely as possible reflect the desires, the choices of the voters in that party in a given state from which they come. superdelegates were adopted over the years for various reasons, one was senators, governors, congressman wanted to go to the
12:28 pm
convention. neil: real quick, defense secretary cohen on this subject, both prominent democratic candidates attacked the administration for not more forcefully pushing this issue of allowing victims, 9/11 victims families to sue the saudi's given the saudi government's role at a mid or lower level, the royal family's role in the 9/11 attacks and he said it is a slippery slope if you go there. what do you make of that? >> this is between a heart -- rock and a hard place because the saudi's are important allies, a whole new generation of leadership coming on, much more proactive, we disappointed them when we made the deal with iran for nuclear weapons, it is important to rebuild their relationship. on the other hand how do you say no if people who lost loved ones to terrorists can somehow make the claim that goes back to somebody in saudi arabia. neil: what if they respond to tit-for-tat? >> i don't know if it is
12:29 pm
possible to report out money out of -- they will respond, this is where something that doesn't happen much anymore, people sit and reason together and without making some blanket lifting of what we call sovereign immunity, the inability to sue the state that somehow if the families of the victims of the terrorist attacks of 9/11 are able to make their case back to somebody in saudi arabia the saudi's create a fund to enable them to reimburse without waiving their rights. when bill cohen says it is a slippery slope he means if we do this, then some foreign country
12:30 pm
could start suing american soldiers who they accuse -- that is a problem. neil: very good seeing you again. enjoy the weather, it is beautiful. >> almost like being in florida. neil: not quite. we have a lot more coming up including donald trump, as the senator pointed out, how they vote is anyone's guess but what if i told you with his vote he is getting more delegates as a percentage of the vote than the votes? he is doing okay by this system. what he has to do to close the deal after this.
12:31 pm
..
12:32 pm
..
12:33 pm
12:34 pm
>> welcome back to transcendent and i am lauren simonetti with an update on netflix shares. the best performing stock. right now it's a factor worst-performing. check that out down 11%. we've seen in a year and a half. what is going on? first quarter report card last night. not a bad report card. they added 6.7 million new subscribers both here in the u.s. and worldwide. the number is 81.5 million. clearly netflix is the king of content right now. netflix just wants 130 new markets but it's only offered in
12:35 pm
english. that can land the company because they don't have the reach. then i see some changes. now that amazon has the prime video channel service. you can download shows on amazon you cannot do that at netflix. maybe we will see changes and allow us to do that in the future. netflix stock, big loser. neil: what goes up must come down. donald trump favored to win big in the state. 95 delegates. will he get all those 95? >> you mentioned 95 delegate up for grabs. 14 of those are out larger state delegates. 81 that are divided among 27 congressional districts.
12:36 pm
that is going to be where trump faces a challenge. most people expect them to get statewide. we are talking about this all night. the west of the capital is one where there are three up for grabs. john kasich may actually be able to deprive donald trump of the 50% majority that he would need for he claims me. that is just one county we will be talking about. another one trump is expected to do exceptionally well as richmond county. that staten island as you can say is taken a little bit of brooklyn. most people say definitely will get more than a 50% majority there in that district. that will help them out. 95 for donald trump, exceptionally unlike early.
12:37 pm
83. the lakota donald trump and obviously we'll see later tonight. neil: i will see you later tonight. a lot of stake in the meantime. that will put up much closer. republicans made no way. donald trump goes so far to say you can vote for hillary clinton and make a statement. of course the advertising legend. that sounds like your party. >> i lost all my friends. i'm actually voting for 2020. a more republicans to win 2020. i'm giving up on 2016. what trump did to the party, i thought he had a great chance. what he did for the party was destroyed. i don't get the chance to win. neil: how do you know that? i mean, it could change. >> i don't think you could lose
12:38 pm
women on the list immigrants, lose blacks. there's a big proportion of. at the end they always -- neil: take your like a dairy gallbladder cleansing of the system. >> exactly what i'm thinking about. they should not try to take the nomination away from trump because if they take it away, and they'll say i could have one and 22 and a healthy back to destroy the party again. >> to that point, you wrote this is how you must stop the vampire but they wouldn't take. then and only then, start the process to win back the white house and obama is done. she's the first to really president in getting elected in that environment. the government could be out in the wilderness for quite some time. >> 2016 is over. we just have to accept it.
12:39 pm
neil: by donald trump is saying is we are bringing new people into this party that is never noted in this party or voted. guys are afraid of them. >> sanders can say he's bringing new people in, too. as far as i'm concerned, and i am a real republican and i want us to win and i don't want to take a chance that the party gets pushed aside. we had some great candidates this time. trump just insulted them away. he may be a great debater, but is not going to have enough votes to win an election. neil: uses of ronald reagan. >> i think ronald reagan came from when he was governor of the state to he was much nicer. he didn't turn people away. i'm sure there are people there who love it and they're going to
12:40 pm
vote for him. there just aren't enough of them. neil: we will see what happens. i may have to get back to year hampton enclave. >> i don't have anyplace to go. neil: i find that hard to believe. we'll see whether people agree with them or not. a lot of hate mail. we have a lot more coming up including the very latest voter turnout. the weather is certain in accommodating. bernie sanders is hoping that will be key to a win. the heavy turnout in a couple key states were really needed it like wisconsin. a lot more after this. i know you're my financial advisor, but are you gonna bring up that stock again? well you need to think about selling some of it. my dad gave me those shares, you know. he ran that company. i get it.
12:41 pm
but you know i think you own too much. gotta manage your risk. and you've gotta switch to decaf. an honest opinion, even if you disagree. with 13,000 financial advisors, it's how edward jones makes sense of investing.
12:42 pm
>> and nicole petallides with their thought business brief and 18,000 marks the dow jones industrial average. yesterday about 18,000 for the very first time since last july. today we are up about 100.2 but lost the momentum. the dow down about a point. s&p 500 appointments while in the nasdaq down 38. energy and materials for gaming. watching oil as well. we sunday oil ministers did not agree on the phrase. right now it's up about 3%. a busy, volatile week for oil. some of the dow components
12:43 pm
include donald's, johnson & johnson, home depot as well. audit practice. johnson & johnson with good sales. that's been a real winner today. up 1.7%. also higher in hitting high. united health care. much more "cavuto: coast-to-coast" after this break.
12:44 pm
neil: welcome back. beautiful day in new york. not too far.
12:45 pm
the crossroads of america. supposedly the weather that kept people out to vote. even though who don't want to vote. if you are a rabid fan and this is presumably the wind. we shall see. much has been coming back about the interview i had. a big republican has said he can't in good conscience vote or donald trump. he would vote for hillary clinton. he's not alone. former new jersey governor hasit me. on the fallout if not, what he's saying essentially is the party should rather take it looks now, go through a cleansing, avoid the chance of a trump even daring to come back and run again and be done with it. what do you think? >> that's clearly not where i am.
12:46 pm
i think he's made a good case. he would be a good president and i would support him all the way. by the way, his policies will get us back on the right footing. i could matter vote for a democrat, particularly if i'm left with the choice of hillary or bernie. neil: but he's saying is we don't quite know what his stances are. he's not a big fan, but we really don't know trumps real position. what do you think? >> i say we will figure that out very quickly and probably hear more about that when he is in fact the nominee. we would hear a bob orr. neil: soul of the republican party at stake. it's a battle for the establishment versus the renegade. >> here is what i think for what it's worth. i think i trump doesn't get the nomination it is the demise of the republican party.
12:47 pm
neil: jerry said that he does get the nomination is for demise. >> i definitely do not agree with that. i think there's so many people who authority voted for trump in the primaries. if they are turned down wind up with another establishment, we are going to lose. i'm fairly certain of that. >> you don't see it as a 64 goldwater debacle in the making. >> i think donald trump has a solid shot at this. we will see more and more good things in the months ahead. i'm encouraged if in fact if their candidate. true to announce tougher to talk about showed company paid 40,000 verizon workers on strike. they are getting a lot of support from the candidates, democratic candidate for bernie sanders and hillary clinton that they represent the populist rage out there that they are getting gouged by the man, by companies. how do republicans counter that perception that they endorse that?
12:48 pm
>> first of all, what we hear from mrs. clinton and mr. sanders is complete nonsense. they are pandering for votes. that is all that's occurring here. it is very unfortunate that verizon's wireline workers that are unionized have gone out. i actually feel bad for them. they are good people. they worked solid jobs and they're very good or what they do. what is happening here is the union has called this strike. neil: the union rejected a mediator. >> mail come at the union bamboozled members. what is happening here is this isn't about the wages of the people out on strike. this is about the union working for more from wireless workers that are not in the union today. that is what they want. they want verizon to hand over the right to organize those people so they can collect more,
12:49 pm
raise more revenue, land their own pockets more than they are today and get more donations to politicians. that is what this is all about. the poor workers that are called out on strike were being paid very well. you've probably seen this. about $130,000. neil: they hear talk that verizon will bid for yahoo!. what about a little money for us? it has nothing to do with it. the verizon team are looking for the future. the telephone company landline service is a dying service. but the team are trying to do is keep verizon a life for the shareholders, employees and customers. neil: thank you area, very much. united health care has argued made it official. the clinton exchanges, no thank you. what do you think the fallout will be on you? what if i told you whether you're signed up with the health care program or not they will affect you big time.
12:50 pm
more after this.
12:51 pm
i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs.
12:52 pm
to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel - and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay.
12:53 pm
and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now - and down the road. i have a lifetime of experience. so i know how important that is. neil: when it comes to be affordable care act, a lot of people who didn't have they now have a to 16 million. others say the figure is more like 10 million but what the difference. the fact of the matter is for those who have such a good thing. for those who depend on insurance companies continue providing that, maybe not a good thing. united health care one south of most of those exchanges.
12:54 pm
maybe all. gerri willis followed it closely. >> telling the world get a nod of obamacare after the exchanges of the country's biggest health care insure the biggest you can't make it on the exchanges. he says it takes too much money. the people are too sick to ensure there will be a 2017. bad news for obamacare. neil: if. neil: if they are out, what does that mean? >> the same thing that happened after dodd-frank. if you get a mortgage, the big banks are out of the business of origination. the big insurers or get out of the business of obamacare. neil: in other words, it might cost you more. >> prices are already going on. more expensive for virtually any procedure, surgery you want to have good >> you've got a big book out now. perfectly timed with all the heat in the convention and back and forth.
12:55 pm
they don't even see reflection limit what a mirror. you are saying what? >> i'm not saying that rich people are evil. i'm saying financial success is what this country was built upon and what you need for your family. why do we build wealth in the first voice? we build wealth for kids and families to live in a safe home and good neighborhood to put the kids through college, to retire comfortably. it's not evil. it's not that. it's a good thing. neil: you had a report that were to 5% of americans didn't pay tax. some for very good reason. to collect social security, what have you paid the big figure putting the burden on the other 55% and a small slice of that. if we keep bashing the rich, i always wonder if i'll have the match. >> that could happen in britain and the rest had fun millionaires. we can see that happen in this country. certainly seen companies equipped. everybody needs skin in the
12:56 pm
game. we made people paying for the systems that they feel part of it. people feel really outside of the system is days or that is why they are so angry. and to be part of it. they need to have skin in the game. neil: they need to be paying something because your markov method. >> the matches we were all man month out of recession when obama introduced obamacare. his signature legislation, thinking how could our nation is image. he should've been looking out for the american people. he should've been saying -- neil: he held -- >> it was a very deep recession. neil: which is not a four letter word here she timed it with the controversy of this election. talk about impeccable timing out that. the fallout from that nasty battle against the rich. the campaign that is sort of pitted americans against each
12:57 pm
other. is that fair? is that right? i matter where you are. i use what's already inside me to reach my goals. so i liked when my doctor told me i may reach my blood sugar and a1c goals by activating what's within me. with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicity responds when my blood sugar rises. .. comes in an easy-to-use pen and i may even lose a little weight. trulicity is a once-weekly injectable prescription medicine ..
12:58 pm
trulicity is not insulin and has not been studied with long-acting insulin. do not take trulicity if you or anyone in your family has had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2 or if you are allergic to trulicity or its ingredients. stop using trulicity and call your doctor right away if you have symptoms of an allergic reaction, such as itching, rash, or difficulty breathing; if you have signs of pancreatitis such as severe stomach pain that will not go away and may move to your back, with or without vomiting; or if you have symptoms of thyroid cancer, which may include a lump or swelling in your neck, hoarseness, trouble swallowing, or shortness of breath. medicines like trulicity may cause stomach problems, which could be severe. tell your doctor about all your medical conditions and any medicines you take. taking trulicity with a sulfonylurea or insulin may increase your risk for low blood sugar. common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. some side effects can lead to dehydration, which may cause kidney failure. with trulicity, i click to activate what's within me. if you want help improving your a1c and blood sugar numbers
12:59 pm
with a non-insulin option, ask your doctor about once-weekly trulicity. and click to activate your within.
1:00 pm
neil: what a beautiful day to hold a primary. today is the big day for new yorkers. normally new york is after-the-fact and the vote doesn't matter and that always bothered new yorkers in the past but for the first time in decades, democrats and republicans will matter, with republicans and democrats going back and forth, seal the deal for the front runners or keep it dragging on to the convention? there has been a dustup over donald trump and whether he is at war with the establishment or the establishment is at war with
1:01 pm
him and reince priebus is wrapping up a meeting and -- among those that that bow out, the congressman joins us in washington. were you at the meeting? >> i was at the meeting with paul manafort. neil: a big trump strategist. what did you hear, what reince priebus was trying to explain about how the process will go toward the convention, this is a quadrennial ritual both parties go through, meeting with congress men and women but this is getting closer scrutiny because the trump folks, he has it out for them. do you think he does? >> trump has got to wonder why he was pushed so far did to sign the pledge for who the republican nominee would be and once he did that it seemed as
1:02 pm
soon as he gained momentum and would indeed be the nominee the same people pushing him to sign the pledge started working against him and trump is talking about the system being rigged, you see bernie sanders talking about the system being rigged on the other side, don't know if he used those words but he won eight states but comes up with less delegates, and hillary clinton and all across america people are wondering why the team with the most points are not winning the game and that accounts for frustration but reince priebus was there this morning to let people know these are the rules and they have been the rules. neil: do you think those rules are fair? a lot of establishment types say donald trump shouldn't be complaining, he has a greater share of delegates, these two are just fine by this. >> i say the rules seem to change to fit the establishment when ron paul was making games
1:03 pm
establishing the rule you have to win these states, that rule is up for debate, teddy roosevelt withdrew those almost 100 years ago when he was talking almost identical to donald trump. what happened was he felt he was winning the election but it was taking away from him. trump has many pathways to victory. paul manafort was clear about that in our meeting with those of us who endorsed trump and a number of new members joined the second phase of that meeting. of the 20 paul manafort will be the convention manager along with william mcginley who played a key role with the party and ensuring the rule that hurt ron paul four years ago to try to get a gain on ted cruz and how he has been getting delegates behind the scenes. do you think donald trump will go to the convention with that
1:04 pm
1237? that will is you need that and if he doesn't does he have to fight it out on multiple battles? >> my sense is he will have a very good night tonight and i think he will have a very good week on april 26th. i think he will have a tremendous amount of momentum and that does matter in american politics. you are seeing 63% in a fox news poll that said 63% of republicans want to see the guy with the most votes in the most delegates when the nomination and that gives trump a real strong -- neil: that is not 1237. >> there are several pathways for trump to get 1237 before and possibly on june 7th. neil: it is crucial whoever wins gets 1237, not just with the most delegates. >> you got to get 1237. if it comes back to the first ballot of the convention, trump will be close enough if he is not already there to get that support. neil: thank you for taking the
1:05 pm
time. appreciate it. a sign that they don't see things going well in new york, peter barnes with the latest on what team cruz is up to. >> ted cruz is in pennsylvania kicking off his campaign for pennsylvania tonight at an event in philadelphia. the primary is awake from february today. the campaign has moved on to pennsylvania. trish reagan talked to heidi cruz about this move and new york where her husband is expected to finish a distant third in the primary today maybe getting no delegates. >> important to know that this campaign is a long campaign. we have done well in every different states and all over the country. today we have love campaign in new york, we both lived here before and spent a great part of
1:06 pm
our lives and expect the front runner to do well in his home state, we did well in texas. >> you can see all of tricia's interview with heidi cruz on "the intelligence report". ted cruz has better prospect in the delegate hunt in pennsylvania where 71 delegates are up for grabs and the latest monmouth university poll he was running a solid second to donald trump who was at 44%, ted cruz at 48, john kasich get 23 but the delegate process as you know is very interesting. voters will just elect republicans to pick a quarter of them as committed next week, three quarters are elected uncommitted, trump is complaining about that process and you can bet ted cruz will be trying to grab as many of those as he can. he has been pretty good at that. neil: very good at that over the last few weeks.
1:07 pm
thank you very much. with us right now is tony perkins, research council president. when it comes to getting these uncommitted delegates are senators aware of the rules? only lately, donald trump responded by hiring a lot of people, they experienced this themselves, the wrap against donald trump is doing this, do you think too late? >> the rules are there for a reason, you go to a ballgame there are rules. donald trump shows he doesn't understand how the republican party works state-by-state. most of his adult life he has been with the democratic party. one thing i guarantee won't happen, regardless if ted cruz picks up any delegates or not you won't here the ted cruz campaign saying new york was rigged. we understand the rules, working by the rules, within the rules and we are working to take the message of jobs, national security, family, culture taking
1:08 pm
those to the voters and the message is resonating with people across the country as we are seeing by the results we are getting in state after state. neil: i know the rules being what they are, almost everyone -- at least eight states, donald trump fits that, and if you went by just that rule, you would have multiple ballots assuming someone doesn't get the needed delegates but ted cruz and donald trump going at it, multiple ballots, is that what you want? just those two guys competing? just those two? >> it is hard to parachute somebody in and say this is someone who needs to compete, we will consider them, i don't think that works. neil: you think it is not good now. >> i agree. the problem with that is you have people talking about the
1:09 pm
process being corrupted or not working as it should. if you have people who haven't actually competed and all of a sudden being computed that is problematic. you mentioned 1237 that is a majority, that is the way we work in the country, the way the party works and that is what is required to gain this. mathematically if donald trump doesn't get the nomination on the first ballot i think ted cruz is going to secure the nomination. neil: i hear what you are saying but they say, donald trump was big tonight, down the road, particularly next week with connecticut, delaware, maryland, pennsylvania, rhode island, donald trump could when the lions share, he could go to the convention with maybe a 500, or 600 delegate lead. that is there point of view, so prohibitive your candidate should not be entertaining trying to rest the nomination from him. >> does he have 1237? neil: very good point. >> he doesn't have 1237, he has not secure the nomination of the
1:10 pm
process is open and ted cruz is going to be very competitive at this point and has every right to be. as a delegate who has been working with other delegates there are a lot of delegates whose second choice, wave -- marco rubio first, second is ted cruz. neil: thank you very much, family research council president tony perkins, we mentioned we have the most delegates and furthermore have a big lead, it should be our nomination, and support that thesis. others point out as tony said, 1237, a number ingrained in your skull by now and that is it. you either get there or you don't. it is not that simple in london politics, is it? not at all.
1:11 pm
these guys represent blood cells. if you have afib not caused by a heart valve problem, pradaxa helps stop blood cells from pooling in the heart... forming a clot... which can travel to the brain and cause a stroke. pradaxa was better than warfarin at reducing stroke risk in a study. in the rare event of an emergency, pradaxa has a specific reversal treatment to help you clot normally again. pradaxa is not for people who have had a heart valve replacement. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke or blood clots. ask your doctor if you need to stop pradaxa before any planned medical or dental procedure. pradaxa can cause serious, and sometimes, fatal bleeding. don't take pradaxa if you have abnormal bleeding.
1:12 pm
and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have kidney problems, stomach ulcers, a bleeding condition, or take certain medicines. side effects with pradaxa can include indigestion, stomach pain, upset or burning. ask your doctor about pradaxa. and its specific reversal treatment.
1:13 pm
1:14 pm
neil: welcome to my new office. it is beautiful out here. trump paying for it. connell: absolutely wonderful. of the 20 are you doing your show? >> if it is like this. stuart: charles payne. neil: talking about an interesting stat as we finish powering -- paying our taxes 45% did not. some by the way didn't have to. social security, all i know is back in grad school that figure was in the low 20s oh that is half the people not helping foot the bill and the half that are it is a small percentage paying the bulk of that bill. what is going on?
1:15 pm
charles: we have a skewed system that has been under assault for not paying too much, pay your fair share, the pay your fair share argument has gotten so crazy the top 20% of federal taxes, not the payroll slope but the federal. neil: these are general payroll taxes. >> 87% of all the taxes that go out there, the bottom 20% usually get money back, a lot of programs with earned income tax credits and child tax credits get money back, and a large percentage of americans, federal taxes are too high, last year only 51%. this number is the highest since before george bush's tax-cut go into effect. neil: essentially you don't pay any federal income tax, people do pay tax on gasoline, suffice it to say it is hard to support bigger government if fewer are paying into it.
1:16 pm
everyone should pay something, 35%, 40%, if you have skin in the game you are more interested in the cost of the game. charles: the psychological study of homeowners versus renters, the homeowner cuts the grass and pick up newspaper and a cup that might have flowed onto the lawn where the renter walks past that all day long, you want skin in the game and some ownership and that gives you a greater voice. bernie sanders is talking about raising taxes on everyone. neil: all the proposals for bigger government, free college, he has realized socking it to the charles paynes of the world won't do it. i got to go down and always explains with middle-class tax-cut you will get a lot more back than you are putting in. many can argue with that but he recognizes socking it to the rich won't do it. charles: his plan would be way short because it is too onerous but he goes after everybody.
1:17 pm
there is also a poll that shows two thirds of people, not federal taxes but payroll taxes, federal taxes, social security, unemployment insurance, two thirds feel they are paying too much, from $40,000 to $70,000 like they are paying too much, that is the outrage, everyone feels they are paying too much and someone else in some cases should be paying a bigger share. neil: when someone treats you to dinner you don't care. you have a stake in the bill you care. charles: you care and have to be more realistic about what goes into an economy. i hate to make this equation but yesterday we saw a big report on isis running out of money. they were making $80 million a month, now they are making $56 million a month, what are they doing? raising taxes, raising tolls, raising fees, hate to say it but
1:18 pm
they borrowed the progressive plan how to deal with lower revenue instead of growing get. let's milk the bad boy for all it is worth and that eventually ends up to nothing being there. charles: even territory can't cut back. they have more money and. making money with charles payne later tonight, spells it out and makes you money and the onus on the rest of us and be done with it. he will make you money with incredible pics. enough of that. we have a lot more coming up including what do you want from government? you want a big government? i always think, we chatted about this before, that is what this race comes down to. you know where that guy stand on this? e #1) when returning home from deployment,
1:19 pm
you know, you-- you have money saved up so you're lookin' for that car to drive around in, and usaa actually makes that process so much easier. you can find the car and you can find it to your liking by using their app. i'm definitely able to see savings, uh, through using the car buying on usaa. i mean, amazing savings. i was like, wow. if i can save this much, then i could actually maybe upgrade a little bit. (announcer) save on your next car with usaa car buying service, powered by truecar. exclusively for usaa members.
1:20 pm
1:21 pm
jo ling: i am jo ling kent with your business headlines
1:22 pm
coast-to-coast, netflix shares diving 11%. they have fallen in year and a half is displayed expectations in the first quarter the streaming service forecast it will add only 2.5 million new subscribers in the current quarter, fewer than the street was looking for. the amazon launch of the new streaming product as well, netflix stock down 11% right now. housing starts fell in march by 8.8%, data provided by the commerce department missed expectations dropping to their lowest level since october. the slowdown was mostly centered in the midwest, a brighter spot in the northeast where the number of people breaking ground on new homes increased. listen to this. apple unveiling a new matchbook today, looking similar to the one we showed you in california last year except it has a new processor, better battery life. stock not moving much on the news, around $1300 and it comes in pink. are you going to get it?
1:23 pm
neil: they keep slightly advancing. jo ling: no big innovations yet. neil: don't know what the deal is. thank you very much. now mike huckabee, former presidential candidate with his read on this divided republican party and whether they can actually kiss and make up. don't know whether it happens after new york results are in, donald trump favored to do very well but already sent out the message here that he things he will get burned at the convention and he is a little shy, they will make sure he doesn't get it at all. do you share that? >> i do in a lot of ways because we are seeing a manipulation of the rules, those are the rules.
1:24 pm
to the average voter. and when the party meets in close doors, and to manipulate the rules, and ted cruz gets the delegates. and that is the reason donald trump and bernie sanders are doing well, they talk about how the system is rigged. it is not that the political system is rigged against donald trump or bernie sanders, it is that the political and governmental system is rigged against every american and this is one more way of putting the exclamation mark on that. stuart: neil: i don't see it that way. donald trump, 17 candidates, 38% of the vote but has 43%, 44% of the delegates. i apologize -- he is doing okay.
1:25 pm
>> it is like the electoral college. you may not get the popular vote but if you win the electoral vote you are the president. people do understand there is a way in which the rules are sometimes you don't win the popular vote but you win the election. neil: he is doing well by the rules, he is doing okay by those rules. >> he is. what bothers people is when it is after the fact. if it is month after votes were counted, month after a person win the primary and another person ends up on those delegates that doesn't seem right to the average american and reflects what they feel is happening to them and their families. neil: you raise a fair point and both sides argued this, something that has been around for quite a while. having said that, there is this rule that sticks and a lot of people's minds that only those who win eight or more primaries to compete in the ballots, by that math it would be donald
1:26 pm
trump and ted cruz and if that rule doesn't change, neither camp in that camp want to changed it would be if someone doesn't get it on the first ballot, the 1237 on the first ballot it would be just those guys in ballot after ballot after ballot. what do you think of that? >> it is one interpretation but the fact is if you read the rules carefully, as long as the rule is in place prior to the first round so it is possible if states go back in and meet delegations and can award mike huckabee their votes, i would be eligible to be nominated not that i'm exciting that to happen. neil: that would immediately get these camps getting angry saying they changed the rules again, can't satisfy anyone. >> i think it would be a drastic mistake if the party did that. a lot of people don't know that the rnc rules committee which is
1:27 pm
55 members, at the start of the convention there will be a convention rules committee of 110 members and it will set the rules for the convention. whatever rules are being talked about for the rnc rules committee could be thrown out the door by the convention rules committee. it needs to have the appearance of transparency and fairness, and there is going to be an absolute meltdown going on. neil: can't satisfy everybody. making the rules generous on catering rather than two years ago. that is just me. neil: thank you very much. the first time in decades, they matter, new york state matters, and they relish time in the spotlight. stick around.
1:28 pm
1:29 pm
. .
1:30 pm
1:31 pm
♪ neil: i should have brought sunscreen. beautiful out here. i might get a sunburn. i might not be back for my
1:32 pm
4:00 p.m. show or even tonight. fooled you, america. we're in middle of what may be a very long day. this is it. new york, empire state finally matters not only for republicans but democrats as well. deirdre bolton crunching delegate numbers. >> neil, you will be running on vitamin-d all night. i will go through the categories. there is one extra one for the dems. 54 at large, 163 congressional or district delegates and 30, party leaders or elected officials. speaking of as you know, senator clinton, secretary of state clinton twice elected in this state. as far as areas of support for clinton overall this should be pretty good night for her. there is a if i have teen% threshold. -- 15 percent threshold. this is bronx county, high percentage of african-american,
1:33 pm
high percentage of hispanics, normally groups that go for clinton. further to the south, manhattan, otherwise known as new york county, there are serious progressive pockets. senator sanders could pick up a little bit of support there. without overstating it, in the middle of the state there are quite a few universities where syracuse university is. if you go a little bit to the south, you have cornell university, ithaca college. these areas thought to be more supportive to senator sanders. we'll see this evening. all in all should be a pretty good night for clinton, back to you. neil: deirdre, thank you. 3 1/2 hours away from your fine show. deirdre will join us for special coverage of the new york state primary. meanwhile a guy that knows about campaign tone, how important that is, maybe looking for it from both sides, doug wilder, former positive of virginia.
1:34 pm
governor, last time we chatted, we found polite or decency in short supply in both campaigns. normally by the time we get out of the conventions people have shaken hands and made up and other campaigns not so. what do you thinkin the democratic party? a third of clinton backers say they couldn't vote for bernie sanders. >> you're absolutely right, neil. always good to be with you. i think hillary will win the contest in new york but winning the nomination contest is one thing. winning election is another. as i said on your show a couple months ago, the nominees of the party will be hillary clinton and donald trump. i don't change from that. how we get to that on the republican side is another thing. hillary is going to need desperately the young people
1:35 pm
millenials as they're referred to. i'm at virginia commonwealth wilder school of government. i run into youngsters all the time. my, people tell me, that they're not turned on. so hillary has got to turn those people on. they're going to stop, they will have to stop talking about the monolithic african-american vote as if it is automatically got to go someplace. that is poppycock. she has to earn the vote running. neil: by and large as a bloc it has but you're right to point out there is a good chunk of that bloc could easily not opt to vote at all, right? >> exactly. this is a problem. neil: republicans are worried about the number of republicans who say home. we talked to jerry, advertising legend, a big republican who says, if it is donald trump i'm going to vote for hillary clinton. now, i know those are extreme positions but they're not unusual. i have heard a few. former new jersey governor
1:36 pm
christie todd whitman telling me the same. so that is a lot of passion to sort of address here. and i don't think either party is. >> well it is, but then you have got to weigh this, neil. who are going to be the party leaders after they default? relative to the party choices? if the party chooses donald trump and if party leaders who now consider themselves leaders in the republican party say no, i think mike huckabee is absolutely correct. that will be ruin and damnation for the party for a long time to come. same thing on the democratic side to the extent that people are saying we're not going to vote for hillary. then what does that mean? i think as i said to you before, people are sick of government at every level, state level, national level. so the establishment as bernie sanders callsit, on one hand and as donald trump calls it on the one hand and donald trump calls it on one hand and bernie
1:37 pm
sanders calls it wall street moguls on other, there is someplace for people to say what about us for a change? speak issues, speak ideas, speak challenges. speak solutions rather than this nonsense we hear on regular basis with all the money being poured in, doesn't make a lot of sense. neil: a lot of money, billions, when said and done. governor, thank you very much. >> good to be with you as always, neil. thank you. neil: doug wilder. we meantime are in new york could explain why we're outside here, a, because it is beautiful weather, but b, new york matters. this time and this primary matters, for both parties. connell mcshane with more on that. hey, connell. reporter: neil, thank you very much, begin the report thanking you, neil cavuto, talking to new york voters on fifth avenue. fifth avenue which anybody who has ever been to the city is the tourist capital of the world. difficult enough to find an american on fifth avenue, much less a new yorker.
1:38 pm
i'm walking up to people from australia. a woman from australia knows more about our election many of people we talk to do, people from all kind of far away places. there was somebody from poland we talked to. even new jersey if you can believe it. that is hard-working correspondent will not be deterred given a task like this. i eventually ran into some real life new yorkers who are excited to see the primary coming to your state, including a gentleman unsolicited advice who you should vote for, watch. >> i put garrage out today, and garbage man told me vote for trump. >> the garbage guy told you? >> yes that's right rather amazing. >> what was his argument? >> did it as a sense this is what we're doing. i was surprised, not that i'm going to vote for him. it is situation where brooklyn versus queens in a lot of respects. as i look out my door in brooklyn a bernie van a neighbor has. we're ceiling all of this which is on emotional level but we're
1:39 pm
not hearing much concrete on policy. reporter: funny thing at least new york matters this time? >> well we always matter because we're new york. reporter: that's it. the way we see it, neil. we always matter because we're new york. that guy is kasich supporter for what it is worth. neil: connell, thank you very much. connell mcshane outside trump tower on fifth avenue. very illustrative of fifth avenue. what is average condo go for on fifth avenue? $10 million. clearly illustrative of new york and america. when we come back, a read how these markets and how this economy and comeback we're seeing in the dow could be wind at back of certain democratic presidential candidate or if it all goes kablooy, not. after this. when you booked this trip, you didn't know we had hundreds of thousands of places to stay all over the world.
1:40 pm
or that we searched billions of flights to get you here. a few weeks ago, you didn't even know where here was. now the only thing you don't know, is how you're gonna leave. expedia. technology that connects you places that matter.
1:41 pm
♪ reporter: good afternoon, live from the new york stock exchange i'm lori rothman live with fox business brief. the dow faded. it is up just about 15 points after being up as much as 99. s&p is holding up in the green but nasdaq down 27 points. technology, tech-heavy nasdaq the problem ahead of key earnings from yahoo! and intel being reported after the close tonight. talk about gm. gm is holding up nicely despite
1:42 pm
a bit of a drop-off in global sales in the first quarter. shares up 1 1/2%. over the year gm is off 7% but the car company said it sold 2.36 million vehicles around the world in the first quarter which is down about 2 1/2%. so there's that for you. amazon, twitter, google, all struggling. netflix, see huge swings of netflix on back of earnings. big miss last night.
1:43 pm
1:44 pm
♪ neil: all right. two of my favorite people, but at least right now, two of my favorite people, dagen mcdowell, joining me. of course you know that young lady. of course michael block. i kid you not, i get trading partners writings, missives. it is brilliant. seems like often arcane expressed in english, as well. two good people explaining stuff. because comes in handy with me because i'm an idiot. michael, begin with you. your take on the economy. the market is coming back. people will say it will be wind at black of hillary clinton or bernie sanders whoever gets the nomination. that will be a big advantage. what do you think? >> what is going on at the markets certainly helps democrats here, neil. i have to say that economy, jobs are good. getting people close to home. housing -- neil: what is going on there?
1:45 pm
>> starts and permits, housing starts and permits not good for march. neil: is it erratic? >> it is jumpy. this isn't a good number. if it was good number, bulls would say it's good i will sit here and say not so good. industrial production not so good. i fear people equating stock market rally could be happening any number of reasons equating that with economic explosion here. not the case. neil: you know, dagen it is said we vote based on how we're feeling in the summer. in other words, that we always look back. we didn't know in november of 1992 when george bush was running we remember recession but end of that recession bill clinton became president. what do things look like in the summer, and snapshot we go on? >> plodding along. you're in a earnings recession right now. quarterly earnings are worse in terms of decline since the end
1:46 pm
of the recession back in 2009. neil: this would be fourth such quarter in a row, right? >> right. you have number of companies looking to cut jobs, particularly in the energy sector. that will continue to play out despite a bounce-back we've had in oil in recent weeks. i think that with the market, it is even closer to the election. if you have a wild swing in the markets to the upside or downside. we're talking about september, october time frame. neil: we know what it did in 2008, don't we? >> the world was coming to an end. rhetoric out of washington. it was john mccain, suspending presidential campaign and go back to fix the economy which he didn't do, left to the hands of literally hank paulson and nancy pelosi that hurt him too. neil: mike, if you look at it, we're grateful for so little. comeback in the dow as you alluded to, lately on the heels of banks and bank stocks. >> yeah. neil: even though to a bank they reported horrible numbers from a year ago but i guess better than expected, so we're grateful.
1:47 pm
>> i see as you guys just said for a year we've had bad earnings. the bar is so low in terms of expectations, if you can slip over the bar like say a goldman sachs did this morning you will be okay. neil: that was awful report! >> it doesn't look good. equity trading is not looking good. what jacob lew is doing at treasury but -- neil: why are we ignoring that? >> we are ignoring that because expectations gotten so low. doing that as we approach stock market highs. why is happening? in february the world was reportedly coming to an end. when it didn't come to an end, people continue to shovel doubt on the situation. meanwhile a lot of investors still hitting on their hands. we haven't seen them come in yet. part of the bullcation is, eventually they will catch up. >> part of the problem with stocks they look expensive, broader stock market as expensive as they have been during this bull market cycle. you have a lot of these consumer names, mcdonald's, for example, hit new all-time high
1:48 pm
today. home depot, johnson & johnson, those stocks, the safe stocks with dividends are increasingly looking pricey. >> i was looking at utilities stocks this morning. if you look at industrial production mark, utilities stocks are doing well, why? they have 3.5% dividend yield where 10-year note is yielding 1.7. where are you putting your money. >> somebody is wrong. either bond investors or stock investors are wrong. people would not be crowding into the 10-year treasury if they thought the economy was off to the races. neil: how are individuals doing through this? we've been told through the run-up it has been low. >> more bullish, not huge extreme here. gotten more bullish in the past few months. no extremes. everyone is not back in the boat or water, whatever analogy you want to use. neil: would it be better for market, looking at front-runners, donald trump or hillary clinton? >> i don't think, i don't think you know. i don't think anybody knows what
1:49 pm
a president clinton or a trump or cruz or kasich or sanders would really do when they're in office. all depends on who takes the house and who runs the senate. neil: what are you thinking? >> i'm with dagen in we really don't know. if we get centrist clinton, bill clinton was era of good feelings. neil: he was very pragmatic. >> trump is business guy. he is good for business? >> he is antitrade. >> anti-trade is no good. >> my book, tips for better summertime tomatoes? can i come on to talk about it? neil: no, i find you rude and condescending. this gentleman a pie ant in the business. i feel offended by your comments. i don't know what that means. they are the best. meantime, if the book does come out, it is not happening here, folks. we have lot more including a read from george pataki. you wouldn't guess who he is endorsing. what if i told you neither of
1:50 pm
the top candidates? i will leave you guessing with who is left. ♪ [dad] i wear a dozen different hats doing small gigs,side gigs...gig gigs. quickbooks self-employed helps me get ready for tax time. to separate expenses,i just swipe. it's one hat i don't mind wearing. [passenger] i work for me. and so does quickbooks. it estimates my taxes,so i know how much stays in my pocket.
1:51 pm
and that's how i own it. [announcer] stay in the flow with quickbooks self-employed. start your free thirty-day trial today at join-self-employed-dot-com.
1:52 pm
perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free quote, call liberty mutual at
1:53 pm
switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. neil: all right. i've got former new york governor george pataki, a republican, in a democratic state that served this fine state for not one, not two, but three terms. that is unfathomable. always amazes me. >> thank you, neil. neil: former presidential candidate. early on you were not a big fan of donald trump's even when he wasn't targeting you. even don't like the tone you were hearing. even now you say anyone but trump but supporting john kasich. >> right. neil: him best shot to change rules to allow him on the ballot in the first place. why not ted cruz? >> i don't have any reason not to support ted cruz.
1:54 pm
i just think john kasich, first of all, if the polls show, he will beat hillary, he will trounce hillary. only one that does it. neil: polls can be fleeting. >> polls can be fleeting. people like kasich. they like his ability to bring people together. they like his experience. he has been governor -- neil: why hasn't he been able to close the deal in otherwise own party? does that say something weakness in a general election? >> i don't think so. i think obviously donald trump sucked oxygen out of the room for better or worse. in my view worse. neil: what do you think of jerrys who say if it is trump i will support hillary clinton. >> the answer to that it can't be trump. neil: what would you do if it is trump. >> i hope that we can do well enough tonight in the new york that he will not get all the delegates -- neil: let's say he does. let's say he does, would a george -- >> it would be a hard decision. neil: you couldn't make up your mind?
1:55 pm
>> i do not think hillary clinton should be president of the united states. neil: so you will vote for trump. >> we'll see. neil: trump people say they have done a lot to help this party who is the party to come back and trifle with him? what do you say to that? all the millions he has brought in, democrats who changed party affiliation to get the chance to vote for him? you're missing it? >> it is not about the party. it is about the country, neil. we're choosing the president of the united states. we're supposed to say, even though i don't think donald trump's fit to be president the fact he has brought people to the republican party i should overlook all his failings? i don't think so. neil: there were a lot of people didn't think ronald reagan despite being california governor, saw him through a prism of actor and he wasn't up to the job. he did okay. >> he was successful governor in the biggest state in the country. he had a clear political philosophy. neil: this guy in this city has a pretty good career. >> well, i think it is ultimate use of political cronyism. zoning changes and tax benefits and everything.
1:56 pm
for trump to now be running as outsider. neil: maybe we need that as president. >> i don't think we need donald trump. neil: all right. >> governor kasich, a great leader. i hope he gets at least a dozen delegates tonight. neil: we'll see. anything to deny donald trump that nomination, that is your goal, right. >> to have the republicans win in november. donald trump will not. neil: george pataki, thank you very much. read on that, and latest on the numbers right after this. ♪ the e-class has 11 intelligent driver-assist systems. it recognizes pedestrians and alerts you. warns you about incoming cross-traffic. cameras and radar detect dangers you don't. and it can even stop by itself. so in this crash test, one thing's missing: a crash. the 2016 e-class. now receive up to a $3,000 spring bonus on the e350 sport sedan.
1:57 pm
1:58 pm
1:59 pm
neil: all right, you didn't hear it from me but there is a primary in this state of new york and for both parties it finally matters. we'll give you special coverage at 7:00 p.m. eastern time. my buddy lou dobbs kicks things off. at 8:00 we get going. 9:00 polls close. anybody's guess what happens. polls have been wrong before. this could be primary skewed by high voter turnout, something that bernie sanders will hope
2:00 pm
help him and donald trump boost already prohibitive lead in the polls. good weather can do that. that assuming people won't vote if there is little rain. that is cynical read. that is just me. see you tonight. trish regan to take it for the next hour. trish: we can handle a little rain. neil cavuto, i will see you tonight live. neil: excellent. trish: as we count down to the winner. breaking today, everyone, voting underway in new york's critical primary. donald trump looking for a big win on his home turf and bernie sanders hopes to break his winning streak and crush the momentum. new yorkers casting votes today. we're seeing pictures coming in to us from mineola, new york. a lot at stake forrepublicans. 95 delegates are on the line. if trump takes home more than 50% of it he takes them all. if hillary clinton

22 Views

info Stream Only

Uploaded by TV Archive on