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tv   Cavuto Coast to Coast  FOX Business  May 23, 2016 12:00pm-2:01pm EDT

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i'll be voting for him. stuart: let's be clear no relation -- >> no. stuart: let's get that clear. our time is up. niel, it's yours, sir. neil: we are looking at some of the polls that having showing donald trump doing well. what have i told you those polls are actually helping the donald with even the most reluctant donors and even the most reluctant candidates, lindsey graham reportedly urging donors to at least consider the donald and a lot of the wind of donald's back is improving poll numbers, not only has a chance but he as a very good chance and close the deal and win it all. we are going to get in detail how much money he will need. that might not apply to mr. trump even in a general election. we are going to get into that in a second. first to how he is trying to close the deal with some of the
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more reluctant opponents, sabrina shaffer on that. the mainstream media didn't waste, the donors are by in large standoffish with donald trump. the fact that he's reaching out too many, some with personal letters, how much is that changing? >> well, it's definitely going to have impact, niel, if you look at political elections, it's very real, it's been demonstrated many times where people want to be part of that winning team even if they are reluctant about the candidate. they like the idea of being a winner. we see that hillary clinton is suffering from an unband wagon effect. now she's trailing behind. people are reluctant to get on a losing team. certainly the good poll numbers
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are a step in the right direction for trump but there's a lot more work to do. neil: there's always going to be some that never support him. the entire bush family will skip convention but maybe voting in november. even allowing that or the mitt romneys in the world, are there some that are so important that if they skip out donorwise, that's not good? >> someone like speaker ryan, he gave interesting interview to politico, he didn't certainly jump on the trump team this week. the fact that he's seeing people like senator graham saying i'm part of this, awakening a different possibility and i think one thing to keep in mind is the supreme court nomination. this is something that is getting even the supporters to say, hey, i might need to jump on the banwagon.
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only 60% say that this is a very important issue compared to about 40%. sort of a critical part of this election season. neil: you know what i think has changed perception right off the top but the idea that he could win and the feeling that before he will go down like a gold water candidate, that still might happen, but the growing indication on some of the polls, polls change six months away from general election, but that he could pull it off, now the question then becomes how to win over those who aren't hot on him, ronald reagan won a lot of the moderate or establishment types. he came back courting them in 1980. but, again the sheer impressive land lied of the republican nomination and supporting very well on the debate with jimmy
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carter just a couple of weeks before the election certainly helped but that was quite a laborious process. >> for trump policy wise he isn't appealing to the farther right part of the base. neil: i've heard from a lot he's all over the map. what is it? >> i think you sort of hit the nail on the head with that. it's a combination of sort of not knowing where he hands on policies, even healthcare policies and obamacare, certainly on life issue, we heard some sort of confused remarks on gun control, we've heard confused remarks, but i think also it's personality and so he's going to have to think about running to the middle on some of those rather inflammatory statements that he's made over the past year about women, about his hispanics, about immigrant,
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there's a lot, both policy and personality that's going to have to be taken seriously in the next few months. neil: all right, sabrina, thank you very much. he's very prominent in the fundraising community, former bush and romney donor. david, i've looked at the numbers and what it takes to run for president. i'm told a billion dollars after the conventions alone, i can't fathom that figure and i'm not sure if it applies to donald trump. can you help me with that? >> i think you're right. i don't think it applies to him. look at all the free media he has received. i think in november he got like 82% of the coverage on cnn and he's present with the media. he reminds me of my boss and he ended up getting a lot of free media. he doesn't need it. the second part is, you know, the genius of prebius, we got
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beat by the organizer and that's the start that he understood. the field organization is out there, it's permanent, paid, multicultural. neil: is it? is it jazz to do the job for donald trump? >> it isn't built for donald trump initially, it was built for nominee as oppose to waiting after the convention and then we build it. and, you know, the other thing that a lot of folks should consider is we have -- by my count i think we have eight republican governors and four democratic governors that were businessmen first and the first political office as governors are chief executives and in many cases some are popular. neil: right, right. before they will be.
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that will benefit trump quite a bit. neil: how so, david, in that case because you don't need as much as donald trump and you get free publicity and the democratic nominee will get that amount of attention because you're in the final two or three? but my point being that edge disappears and then it's all ground operations and the wrap against donald trump is he doesn't have one. >> right, again, they will deploy that and so that will be helpful. the other part is, again, the vast majority of the united states is represented by republican governors and they have -- their organizations that will be helpful. so and they also dominate their statewide media markets. you look at press from most states, the governor gets most press. but the -- in most states, they
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get 90% of the media coverage in their state at home and with that another very powerful tool that donald trump will have. neil: republican governors didn't help mitt romney in states like florida, i'm wondering what difference it'll make this time specially that a good many are kind of leary. >> scott adams created the genius, some of the psychological tools that he's using like in business. hillary running this campaign of kind of stay the course with obama -- the wrong kind of message in terms of this climb up there. so this thing is changes pretty quickly and moving towards trump. the fact that this is dead-even right now has got to make hillary people very, very nervous.
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neil: do you think he can close the deal? we talked about the lindsey graham and others who are now saying, all right, i might not be overthe top crazy for the guy. is that enough to make up the fact that you lack a lot of cash, you might be able to get free publicity but it's not going to be as payback as it was during the primary season? >> yeah, i mean, he still has to build -- continue to build that infrastructure, i agree, but the other thing is we look at the intensity of voters and he's clearly got enormous advantage there and i don't see that changing. there just aren't a lot of people on her side. it's got to be her. neil: you never know. you never know.
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that dull by contrast might be something she will focus on, but we will see. >> yeah, and i think that generally works when people think things are going well. i don't think people think things are going well and so i think that's her disadvantage, her basic strength works against her in climate out there. neil: thanks for stopping by. >> thank you. neil: we are looking at the bidding war, it could be a war, a lot of people saying, it's beyer, i was looking at a lot of youtube videos less than a decade ago. they said beyer and when kids ask, you want some bayer aspirin. apparently changed its name. i'm just late to the party. but i'm going to call it bayer unless somebody from the company comes and says it's bayer, niel.
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the big drug manufacturer wants to scoop up monsanto and special crops that can make tomatoes the size of jupiter. now, we are talking about hillary clinton and all the problems she faces, what if i told you that big mergers like that, whether they come through or not, whether it lasts for a long, long time or not are going to help her, yeah. and no, i'm not full of crop. [laughter] neil: get it, crop, basic cable, free. ♪
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you to sarasota, florida, a planned parenthood facility with six patients becoming ill and being transported and 38 others inside are being decontaminated as the scene as you can see, we saw a little while. there was crews there. all adjacent to sarasota schools arts and sciences which are on modified lockdown, but, again, they don't know the source of what might have contaminated these patients or whether there was further harm to anyone nearby including the other patients at the facility or kids or young adults at this nearby school. we will keep you posted. in the meantime, keeping you up to date on the mega merger in the works or could be, shares dropping, but they are talking about is this might be more than bayer, even if it did there might be some problems with that
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and might be to put mildly. look at what is happening to the monsanto stock, bayer is prepared to offer and substantially below 145 bucks a share, most on the streets seem to think monsanto can go for. now with charlie on this deal and what is going on. what do you think, bud? >> we are going to know a lot more in the next 24-48 hours. the likelihood based on banks source that monsanto accepts the terms. there's haggling about a bid, above the current level. as you look at the market it's not suggesting that. the market is suggesting that this deal is not going to happen or that there's overpaying, but from what i understand, monsanto is prodding bayer to sweaten the
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offer somewhat. when markets react like this is telling you something interesting that maybe they think bayer is overpaying and maybe the deal will be off, we don't know. i can tell you that monsanto is favorably disposed to take the bid at level or a little bit above. two other wrinkles in this which may count for the fact that the stock is where it is, monsanto stock not bidding up higher. number one, we understand from sources in the government that doj may take a look at this from an antitrust point and whether this creates a monopoly and whether it hurts consumers because of potential price gouging. also when you have the cross-border deals, the eu is always involved. the eu stopped deutshe from buying.
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neil: that's true. you still have a lot of players in the field? dupont, there is a feeling that even if they all paired together there would still be a lot of competitors out there or the fear that this is unique? >> i will just say this, every deal is unique to the obama administration department. this is a very obtuse justice department to where they stand on certain deals. everything is a hassle, you know, here is the thing, there could be interesting political element, if the obama administration lets this one go and let this one go, the market will rally probably on that. that can probably help hillary clinton. if you're going to say what their record has been, they've been pretty negative on deals like this. who knows where it's going to be. there are black box to when it comes to figuring out where they stand on antitrust merges.
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this is much more of a consumer stable. you could just imagine that antitrust regulators both overseas and -- neil: environmentalists. a lot of leftists don't like the idea of genetic food even though we a world that's hupg -- hungry. >> real educated education on modified foods. neil: i bumped into you there. >> looking at granola. you know, a lot of people in africa don't have that -- that luxury and in other places of the world where genetically modified food is necessary to feed the world. these are the companies to do it. interesting deal from aspects,
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we are going to keep eye -- neil: you broke it, my friend. a side note, i pronounce it bayer, you pronounced it bayer. and someone told me that this was a recent change that the company changed its name, wanted to be called bayer, i never heard that or i must not have gotten the memo. we were looking at all youtube videos and when i was given my kid aspirin, did you take your bayer aspirin. when did that change? >> companies stick with bayer. neil: all right. thank you. [laughter] neil: thank you very much on that. well, i don't care, for years they went by bayer and all of a sudden, bayer, bayer, not on my
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watch. what's german for that? that's horrible. by the way, more details on monsanto deal. one thing to look at it's nowhere near the price it's being offered we. will keep up on that. the latest on egypt air, if you like me, you're very confused. there was no conversation with the pilot hinting of something horrible that would happen and all of a sudden word for a quite a few minutes the pilots were radioing in, so someone isn't being consistent because no one seems to know what's going on, it's confuse to go look for a plane in eastern mediterranean but can we rely on any of the information we are getting, anyone? after this. i know what i can expect from usaa
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the usaa car buying app was really helpful. all the information was laid out right there. it makes your life so much easier when you have to purchase a car, so i've been telling everybody. save on your next car with usaa car buying service, powered by truecar. neil: apparently there was trouble in the egypt air flight
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minutes before it disappeared on radar. conel with the latest. >> there is a suggestion that there was some trouble for one thing, we know we haven't found the black boxes, that's really the key. all we are dealing with is speculation. that's among the latest developments we have and if they're able to find them they can really shed significant light on what happened to this plane when it disappeared from the sky last week. some 100 pieces from debris is being reported have been recovered. so all sorts of pieces of the plane are coming together but not enough to piece together the puzzle as to what went wrong and brought down this airliner. to that point, there's some confusion of what may have went wrong. was there a distress call, for example, from the pilot? there's a report from a french television station that there was, that the pilot issued a
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distress call, made contact with air traffic controllers and said that he needed to attempt an emergency landing because there was a fire, there was smoke essentially inside the plane. obviously that would change things and add significant detail to the investigation. the problem is the egyptians are denying that, there was no distress call that came from the pilot and therefore everything else that's being reported from the french television outfit is not true. bottom line is we still have a mystery on our hands. until the black boxes are recovered, it seems like will, 66 people on the plane that went down on the plane, we still don't know what happened. neil: fiat chrysler cheating on emission's test. jeff flock with details on that. jeff. jeff: it's volkswagon.
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we probably should defer to them, i always took bayer aspirin. neil: what did they say, kids take your bayer? >> jeff: they could have taken st. joseph's. i don't know. neil: totally useless information. whatever. jeff: since the big vw scandal, we will get around it that way, that's 11 million vehicles, the german government, by the way $18 billion to handle all of that, the german government has been taking a look at all the other auto makers, they have found a fiat chrysler and environmental groups have
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targeted the fiat500x as a car that essentially has defeat device in it as well. this has tanked the stock, german newspaper over the weekend suggested the possibility that germany could stop sales of fiat vehicles in germany which is fiat second market. this is a bit of european state's right battle, though, because italian regulators, say, we tested the fiat vehicles, they're find, go mind your own business, germany. under the way the european union works, the country in which the vehicles are made get to test them and apparently is good for the rest of the 28 countries of the european union. that is why ubs has put out a piece of analysis on this which says, and i quote them, whatever ultimate outcome of the
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findings, we doubt fca will be totally prohibited from selling cars in germany, maybe the tanking on the stock is not as big as it should be. neil: german company that's been scrutinized over this. now if you can throw another one under the bus, i mean, i don't know, it just seems odd. jeff: not so much today. neil: it was just bayer, i remember very well. thank you very much, my friend. on this bayer thing, our own charlie, he's like a know-it-all genius. anyway, get a load to charlie is saying, bayer agriculture products, has been americanized to be bayer, the company is bayer, not on my watch, brady. [laughter]
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>> bayer it is if you'll bear with me after this break. i'm going to talk to brady now, giving a piece of my mind. should last about ten seconds but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. the e-class has 11 intelligent it recognizes pedestrianss. 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.
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♪ ♪ neil: all right. tribune stock is plummeting right now after rejecting gannett's second, revised offer here. and you might have heard last week the publisher was saying, you know what? i might just buy gannett. apparently, it's not helping either stock, this in the middle of this huge deal where we have
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bayer making a $62 billion bid for monsanto. you're just going to have to deal with it, charlie brady. former philadelphia fed president, charles plosser, on how these deals show the appetite for taking risk, taking chances and, obviously, bullish sentiment. so with that in mind, mr. plosser -- and very good to have you -- do you think that this actually improves the odds, wacky as it sounds, of a rate hike? that deals are being made, if there's anything slowing these guys down, they have a funny way of showing it? >> hi, neil, it's good to be with you again. you know, bayer or bayer, i'm not sure what it is -- neil: you're looked up to worldwide. it's bayer in my book, but you can think what you want. [laughter] >> so i think it's a fascinating deal. i suspect it's, obviously, there's lots of questions being raised if you look at the stock prices. i think you guys were talking a
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few minutes ago about the fact that the stock prices do not seem to be in line with that. but in terms of a rate hike, in terms of monetary policy, i think thises has pretty -- not very much to do with it. i think, obviously, the fed and the fomc will be aware of it, but it's not going to loom large in any sort of rate-making decision. neil: now, when you were on the fed, you looked at, obviously, a lot of things, the market, i'm sure, being one of them, the pace of deals as maybe an extension of market. maybe not, to your point. but we have seen not all, but most of the data we've gotten of late has been on the pretty good, not great, but pretty good side. >> right. neil: now, would that compel -- i'm talking about particularly what's been happening in housing -- would that compel the federal reserve to think, well, things are percolating a little bit more than we naught what do you think? >> well, i think they are. if you see some of the language and speeches and talks that have been coming out, i think the fed has established kind of the groundwork, i think, if you
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will, for things continue to improve that they want to get back on their plan of normalizing rates. so i think the data's been pretty good. the first quarter seemed to have been sort of an anomaly, and there was a lot of volatility. a lot of that seems to have sort of calmed down, and i think the fed's sort of looking for some good news. but there's still data to come out before the meeting, so we'll have to wait and see a little bit. neil: you know, the san francisco fed president said, yeah, there's not only reason to raise in june, but a couple of more hikes. that would take us deep into the presidential election year. does the fed pay attention to stuff like that? >> no, not really. i think, clearly, i mean, obviously in an election year, presidential election year there's lots of volatility in financial markets, there's sort of news about this, that and the other and what candidates may or may not do when the election's over. but for the most part, the fed
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feels, i think, pretty strongly that it needs to do what it thinks is the right thing to do at the right time. now, that's -- that kind of discretionary ability is fraught with problems at times, but i think they don't really think about politics on a day-to-day basis. neil: all right. you know there are a lot of cynics, charles, you know the media, i don't know how you have the patience with us -- [laughter] we say, wait a minute, who's going to want to get in the middle of that little thicket, and the better part of valor, unless you really, really have to do something, not to because you don't want to become part of the political fodder and debate. and that's been traditionally the reason for the fed or traditionally not being involved. you don't think that's the case. >> well, i don't think -- they certainly don't desire to be involved. that's not their objective. i think they try to make their decisions without taking that into consideration. and i think generally they don't. i don't think there's a lot of evidence that they do take elections into consideration.
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but, having said that, you know, one of the things i learned being on the fed during the crisis and the turmoil that followed that was never say never. neil: yeah, i hear ya. [laughter] one thing i've learned, and you're a great student of this in market history, when rates are rising, more often than not it helps the incumbent party in the white house. jimmy carter was a good example of it not helping him, but by and large, if it reflects an improving economy, it's not a detriment to that party. >> i don't think it really is. particularly as you say, as long as it's reflecting an improving economy, i think that's what people expect. and, look, we've been close to zero now for seven or eight years, and that's a long time. neil: yeah, you're right. >> monetary policy and the effects of low interest rates, at least administered through monetary policy, don't have a track record of being able to help the underlying economy very much, at least only very
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temporarily. and so if people are upset about slow growth, then we need to think about, well, why is that growth so slow and what can we do about it. and i don't think monetary policy's the solution to it. neil: real quickly while i have you here, what do you make of the reports that donald trump -- no fan of janet yellen -- might even try to move to fire her if he came in? can a president do that or just not reappoint a fed chairman? >> well, i think -- i'm not sure the legal aspects of that, but i would suspect that presidents can ask for an appointee's resignation, and i'm not sure they can fire them, but they can make -- presumably could make it uncomfortable where an appointee could, in fact, you know, decide to leave. but, you know, a lot of that's kind of bluster, and i'm not sure it's worth speculating -- neil: and it would probably tank the markets, to say nothing of the damaging effects to -- >> yeah, you know, i, i think
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even if he means that, i think that's a fairly long shot. neil: all right. >> he may not reappoint her. neil: right. >> her term will be up after four years from her appointment as chair. neil: so sort of what jimmy carter did with arthur burns, in comes paul volcker who sealed carter's fate, if you think about it. >> that's right. neil: go ahead -- >> neil, always nice to be with you. neil: thank you. and thank you for taking your bayer aspirin. charles plosser. >> always. neil: i hope you're listening, charlie brady, wherever you are. the real charles with the gravitas went for bayer. [laughter] more after this. ♪ [ male announcer ] tora bora fallujah argonne khe sanh midway dak to normandy medina ridge the chosin reservoir these are places history will never forget but more important are the faces we will always remember.
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♪ >> i'm nicole petallides with your fox business brief. after four weeks of selling, we have up arrows. the dow's up 12. watching monsanto in particular, now there could be a question of buyer beware. of course, bayer making a $62 billion bid for monsanto, but just over the last few minutes there are reports that monsanto may make a case against this bayer bid and against selling. so we'll see what happens there. stock up 5.5%. over the last year monsanto's down about 15, 16%. fitbit, this is one we're watching closely as plaintiffs are now looking into the accuracy of the heart rate monitors on the fitbit. that's down about two-tenths of 1% at this moment.
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last but not least, viacom ceo director filing suit to block the changes to sumner redstone's trust which included their removal.
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♪ ♪ neil: all right. we might be taking out the taliban, isis figures on a weekly basis, but in case you think that has hurt their ability to go after us or at least tame their language, anything but. isis now continuing the push for continued attacks on the u.s. and europe.
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and they feel that they have the wherewithal to do it. in this, of course, two months after the brussels attack, six months after the paris attacks. amber smith, a former army helicopter pilot, on what she makes of these threats. usually with isis they're not idle threats. we've come to discover that they back up what they say they'll do, we just don't know where they'll do it, right? >> yeah. i think since eye us was created -- isis was created, they've been urging their followers to attack westerners in any way that they can whether it be through lone wolf attacks, urging their followers to be martyrs and whatever, basically, capacity that they can. and we saw it with the san bernardino attacks and also with more of the complex-style, planned and organized attacks like we did in brussels and paris and other areas throughout europe. so i think what we're seeing from isis right now with some of their recent pr statements that they've come out urging their followers to continue on these styles of attacks is that they're having a little bit of
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an imaging crisis right now. they've lost a little bit of territory inside iraq and inside syria, and they're a little bit nervous that their followers are not going to be lining up with their ideology because they're not so sure they're the real deal anymore. neil: well, part of the strategy, too, is to deflect attention, right? if you are losing ground in iraq, syria, what have you, if you can cause havoc in a brussels or paris or any of these other european cities they supposedly have centered their sights on, then that, in their eyes, is a success even if their ranks are dwindling, right? >> yeah. i think we're seeing that inside iraq as well with the numbers of suicide bombings and car bombings inside baghdad. that might be a little bit of a distraction to sort of keep the iraqi army away from mosul, away from the cities that they hold including fallujah, but i don't think it's working so well as the offensive to take back glue ya began -- fallujah began this morning. neil: all right, we'll watch
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closely. thank you. >> thanks, neil. neil: have any of you ever gone to an imax theater? they're a big event. i'm watching this big push to virtual reality, and i'm thinking why do you need a big theater? why don't you just walk into a closet? i've got to get the strategy behind this with imax's ceo. wouldn't you know, he's stopping by. in fact, wouldn't you know? he's next. ♪ ♪ ♪
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people wearing headsets in your gorgeous theaters where i would think they'd only get in the way. your theaters are, you know, the draw themselves. who needs these stupid headsets? >> so, neil, they won't be used in our theaters. the theaters as they exist today are sort of the closest thing to virtual reality because you're kind of inside the action. neil: right. >> but the next generation of virtual reality will be different. it'll be more interactive. so you can create your own experience. so what we're -- neil: when these people that you see filmed or taped using these headsets in a theater environment, those aren't your theaters? >> no. well, in our theaters they wear 3-d glasses today. so what we're talking about is you see "star wars" in imax, for example, and after you see it you want to fly the millenium falcon yourself. neil: i hated that whole series. >> okay, well -- which series do you like? maybe the enterprise you want to fly. neil: maybe. >> something else.
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neil: but the draw there is that with imax the different shader would be what? >> the differentiator would be how real the virtual reality experience is, and it would also be out of home. so people like facebook with oculus rift and sony, they're going into the home. so their idea with virtual reality is you put on glasses in your living room, and you go on, and you watch a movie or go on an experience. we're talking about location based. so when you're at an arcade or when you're at a theater, you can -- and it's only probably ten minutes long instead of two hours long, that you could experience this alternative reality. it's almost like being in a dream and feeling it's so real. and the technology's just being developed now to create it. it doesn't exist. but just like we're the high-end operator in the cinema space, we would be really the high-end operator in the virtual reality space, and that's why we partnered with google to try and make this camera, and we've partnered with star breeze which
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is the high-end creator of kind of the face gear that you use. our intention would be to take people to a new dimension. neil: but you're branching out by definition from just the big theater complex with the big screen, that's safe to say. >> yes. neil: maybe butchered the name wrong, customers who are seeking out an imax home movie set-up experience, right? all of this at a time when stephen spielberg and others are underwriting an effort to get first-run movies into people's homes right away. how do you feel about that? how would that affect you? >> i don't think it would affect us much one way or the other because i think in a way the better home experience helps imax. because i think people already have these great screens and these great experiences, but they're social animals. they want to go out -- neil: but do your customers who have the elaborate imax setup, do they get first-run movies or do you just give them the elaborate setup?
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>> in the united states we don't do first-run movies with imax because we protect the theatrical window, and we protect the imax experience. so we really want them to -- neil: the price of cinemas and all, but if this spielberg effort -- and many others -- that would change everything, right? >> yeah. i mean, steven's not really leading it, neil. neil: he's one of them. >> a little bit conflicted about it. but, you know, i think eventually some of the distribution take place into the home. but i don't think the kind of blockbuster movies that imax does like captain america which is out now or "star wars" which you don't like very much or suicide squad, i don't think people are really going to want to watch those movies at home. i think they're going to want to see them in an immersive way. neil: people do seek out for big event films to go to imax. i go to imax. and one of the things i noticed is that i don't mind 3-d at one
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of your theaters. it's an event. you put on the glasses. but in smaller venues it doesn't seem to have the appeal. what do you make of that and the future of 3-d? because a lot of people in the movie studios are betting on it. they have a 3-d version of captain america, a regular version. >> 3-d actually went through a phase where it went up, and then it declined, and i think it's kind of found its level. i think a lot of of people agree with you. in imax because the field of vision is so broad, sometimes in a regular theater it can be claustrophobic. in imax it feels very expansive, and the colors are bright, and it's a broad experience. i think a lot of people feel the way you do about it, where in imax it feels really cool, but in a smaller scope it's a little bit confining. neil: do you get a sense people are looking at how much americans are spending going out, and they found that on discretionary things like going to the theater, going out to
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restaurants, they're still spending pretty prolust by and -- robustly and happy to the pay a premium, the your point, to go to an imax point. but everyone's talking about a slowdown coming and that would be the first thing cut including family outings to imax. >> we haven't seen that at all. as a matter of fact, our domestic box office was over 30% in '15 over ear 14, and the first quarter was up over 50% versus the similar quarter: so we haven't seen any of that, although i will tell you the movie business people, even in recessions, that's one thing people usually pay for. neil: you're right. >> it's an inexpensive kind of indulgence, right? you might not go on a trip or a fancy restaurant, but a movie, a couple extra bucks. neil: during the depression, hollywood did fine. >> exactly. neil: nice to see you again. you like "star wars". >> i do. neil: whatever. all right, whatever. [laughter] good sport, by the way. donors might not be holding
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back on donald trump. what changed? after this. ♪ ♪ it really opens the passages. waiter. water. so why would you invest without checking brokercheck? check your broker with brokercheck.
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♪ ♪ neil: all right. you know it's a big deal for donald trump when early critics like lindsey graham are are saying, well, he's not the worst person on the planet. and already some donors are taking interest in giving to donald trump. here's the problem, though, they don't know who to give to. there's not an infrastructure, for lack of a better term, in place to give money to the presumptive republican nominee. charlie gasparino has more on this. campaign conundrum. >> it is a scary situation if you need to raise money and you don't have the apparatus, but that's kind of where we're going. we should point out that donald hasn't started this journey until just a couple weeks ago, right? we were first to report that he's out there now looking for money, and here's the problem. when you don't have the apparatus, people don't know where to give to. t. boone pickens, who promised a
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fundraiser for mr. trump, he's now -- he didn't cancel. he postponed til after june, til sometime after the convention in july. so that's the latest snafu. neil, there are about a half dozen pacs that are loosely associated with donald trump. the problem is people don't know which is the preferable pac. and i think that's the problem that boone has. we should point out that t. boone gave us a statement saying he has no problems with donald trump. he's still supporting him. but when you don't have, like, a clear apparatus in place, when you don't have the clear, you know, sort of avenues of where to give, usually there's one, there's one pac that you give to or two major pacs, that becomes a problem. here's something else that's actually hindering what donald's doing. interesting quote i got from somebody, and this is from a major gop fundraiser. and i quote: i hear from a lot of millionaires and billionaires why should i give to this guy? they're saying if he's worth so much money, let him reach into his own pocket. and i'll tell you, neil, this
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was the downside to the way donald ran. and we're going to have a full report on fbn two things, he attacked the super pacs, he said they have people put too much pressure on him and wield too much influence, so he attacked the very same donors he's going for now. and number two, he bragged incessantly about his net worth, so right now he puts it at $10 billion. if you're worth $10 billion, a lot of people say you should put up a billion. mitt romney never cited his wealth as ten billion. i think he was somewhere between $200-$500 million, mitt romney, not enough to run a presidential campaign. you need outside wealth. but if you're really worth what these guys are saying, put up or shut up. you know? give us, you know -- and so what you see now is lot of people not only worried about where to the give to, they don't know where, a lot of gop donors, people like
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paul singer, the ricketts family, they're saying we're going to sit this one out. if this guy's so rich, go ahead, pal, give your own money. neil: in the meantime, just finding an entity to give the money to. >> and that's simplistic. that's step one. neil: yeah, i hear ya. all right, charlie gasparino. in the meantime, you have probably seen these polls, the money issue not withstanding, that it is a dead heat between hillary clinton and donald trump. now, of course, that can change, and it doesn't really take into account the electoral map which might be an entirely different story. remember, we elect our presidents via that. and you need 270 electoral votes to become the next president of the united states, and hillary clinton does have an edge in that regard. larry sabato with how much of an edge. i would imagine there is a bit of a contrast between a close popular vote as it stands right now in these polls and the electoral map. play it out for me. >> sure. and, of course, you know, neil, because we've been through this
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so many times that may polls don't mean much. you just can't rely on them, and they don't reflect what's going to happen in november. but if the election is close in the popular vote, let's say trump and clinton end up tied or within a percentage point. that's where the democratic tilt in the electoral college can come into play because they do have quite a number of states by just a few percentage points. the final results in those states would probably reflect the national percentage, but it may have plus one, plus two, plus three democratic. it would end up favoring the democrats in terms of getting 270 electoral votes. but if trump ended up winning by two, three, four percentage points, there's no way the electoral college would misfire. the only way you have a misfire with the electoral college is when an election is extremely close, within a percentage point. neil: but what's interesting, going back in history if you think about it, larry, the 1960 presidential election as close
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as a tick. not so in the electoral vote though. even going to 1968, really a three-way race with richard nixon, hiewsht hump friday and george wallace, but again, an appreciable win for nixon regardless how close it was. so does it pan out always, or how do you break it down? >> well, as i say, you don't want it to misfire. nobody wants an electoral college misfire because it's not good for the country, it's not good for the incoming president and all the rest of it. neil: i guess what i'm saying, larry, i'm sorry i wasn't clear. just because the polls are tight now, that doesn't mean the polls are tight in the electoral vote. and if you had to be a betting man looking at close or close to darn field states -- albeit six months out -- how much closer to 270 is hillary clinton than donald trump? >> much, much closer. of -- how's that for precision? neil: i admire that.
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>> much closer to 270. and, again, it's because it is relatively close and it's tied if you believe may polls. and we'll see whether that happens. remember, one of the great advantages of the electoral college system is whoever wins, the winner is probably going to get a percentage of the electoral college that's considerably higher than the percentage he or she gets in the popular vote. finish why is that a good thing? because it helps to create a mandate for the incoming president even if they don't have one. neil: that's interesting. larry, thank you very much. you ought to stick to this political stuff. >> thank you. neil: you seem pretty -- >> i'm going to stick with it. i'm going to stick with it. neil: good. i admire that. [laughter] larry, thank you, as always. >> thank you, neil. neil: what could change things? what about a market collapse? what about a bear market suddenly baring its claws when we least expected it? mark faber says that the federal reserve is worrying too much about in this market, nevertheless. but on to that point, mark, about the realistic possibility
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of the market just going kablooey before november, what do you think? >> well, first of all, most people haven't really made any money over the last 12 months or even two years because the market is down over last 12 months not by much on the s&p, but the russell 2000 index is down 11%, and the market indices have been supported by a handful of stocks that have been particularly strong like amazon and, until recently, apple, netflix and the like. but the typical stock is down significantly. so they've actually diminished their activity in stocks, the economy is stuck. manufacturing is no longer growing, and the service sector and employment is growing, but not with great paying jobbings.
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and so the typical family is actually not doing well. and that's why you have peoplems having such an appeal. otherwise if the economy was very strong, they wouldn't be essentially contenders for the presidential election. neil: that's actually a good point. but, marc, i wonder about -- you say the market itself won't be necessarily a great barometer. but it depends when it implodes, right? markets go up, markets go down, but their timing is everything. bad timing for john mccain eight years ago when the meltdown ensued, ronald reagan and, by extension, george bush sr., his vice president, survived the october '87 market falloff because they still had a year to work things out. so timing is everything, isn't it? >> yes, i agree. now, it's very difficult to time anything when markets are badly
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manipulated, and they're badly manipulated by the federal reserve and other central banks' monetary policy both in terms of interest rate manipulation, currency manipulation and, i suppose, also stock manipulation. the other day the fed announced that there was a likelihood that they would increase rates in june. neil: right. >> i think from the fed's perspective this was actually a smart move. because then they could watch the market reaction. as the market didn't sell off meaningfully, the fed may move. i don't think they will move, because within a month's time even they -- who seem to be quite the blind leading the one-eyed -- in any case, i think they grossly overestimate the
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strength of the u.s. economy. neil: but you did say, i mean, you did say, marc, that the markets are kind of manipulated and that the fed is manipulating them, and i wonder to keep rates as low as they are in the face of slow but steady improvement, not great improvement, don't they risk building a bigger bubble here? >> yes. we have already -- [laughter] a gigantic bubble. that should be clear. if they increase rates, we will see what happens. my suspicion is that markets can also go down without rate increase. in japan there haven't been any rate increases for -- [inaudible] the markets came down. liquidity even with ultra low
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interest rates as milton friedman observed. neil: i don't know if you saw what mark cuban had to say about donald trump, but among other things he said if he wins -- and he likes donald, so he says -- stocks could sell off 20% on just the fear of him moving into the white house. [laughter] what do you think of that? do you share that fear? >> well, i think the worst fear i have is that mrs. hillary clinton become president. that is my worst fear. neil: why? >> well, i would vote for anyone in the world, including you -- [laughter] and trump before i would choose hillary clinton. she's dishonest, she's a liar, and she has deceived people and is a very questionable character. and this has been all
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documented. neil: so how do you really feel about hillary clinton? >> as i told you -- [laughter] i think the markets would sell off 100% if hillary clinton becomes -- neil: so 20% versus 100%. >> she's also money printer, and she will increase the budget deficit. she will hand out money. neil: all right. >> i don't think that mr. trump is the most desirable future president of the u.s -- neil: okay. >> but none of the other candidates werement. neil: wow. >> actually, i like bernie sanders. neil: she spoke so highly of you. >> i like bernie sanders. neil: okay, wow. you are a riddle wrapped in a market conundrum. marc, thank you very, very much. all right. i think he enjoyed all of that. in the meantime, you know, these tsa long lines as we get
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ready for the memorial day weekend, the kickoff -- unofficial kickoff to summer, i guess all i'm hearing is plan to stay on the line a long time. in fact, probably throughout the weekend. same line. for the same flight. it's not that bad but, man, oh, man, with all these warnings, it is getting very close. stick around. ♪ ♪ recently, a 1954 mercedes-benz grand prix race car made history when it sold for a record price of just under $30 million. and now, another mercedes-benz makes history selling at just over $30,000. ♪ and to think this one actually has a surround-sound stereo. the 2016 cla. lease the cla250 for $299 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing.
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okawhoa!ady? [ explosion ] nothing should get in the way of the things you love. ♪ get america's fastest internet. only from xfinity. neil: all right. we're told just deal with it, as we prepare for the unofficial kickoff to the summer travel season this memorial weekend, the indications are just deal with the crowds, deal with the long lines, deal with getting to the airport a lot earlier than you ever thought. but why do we have to deal with that? airlines for america senior vp of communications joins us. why is that a given?
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everyone says, well, that's just the way it's going to have to be. >> we don't think you should be dealing with it at all, we think the tsa should be dealing with it, and that's why we've been working with them to address this. this was an issue we saw coming back in december of 015, and we alerted them this was coming. so it's really a staffing and resource issue that we need to address, and we're working with them and congress to try to do that. neil: all right. i know a lot of the funds that were appropriated, i mean, you were against some republicans taking it out and putting it toward deficit relief. others are saying it wouldn't have made a difference because the airlines jacked up their checked baggage fees, so a lot of people were bringing carry-ons, made the lines a lot longer. what do you think? >> i think the carry-on bag issue is really a bit of a red herring. the model of pricing customers and charging them for what they use goes back to 2008. this is not something new. what is new are these lines. you know, we complained very loudly when the tsa fee was increased two years ago, back in 2013, and congress decided to
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divert $13 billion over a ten-year period to pay for the deficit. you know, that $1.25 billion would come in really handy right now in hiring some additional screeners and getting them trained. neil: but how do you know? the tsa, one rap that you hear from them, it's not that they need more agents, just better agents. do you buy that? >> i think they need to look at their staffing model in general. we saw a few years ago when we were having lengthy lines in customs, and customs and border protection did a really great job of looking at their staffing and making sure they had people and the officers there when needed. the thing about airlines, the schedules are published well in advance, you know, six months at a minimum, sometimes up to 11 months, so we know when people are coming -- neil: a lot of people do gravitate, jean, to certain times, certain flights, and there ought to be rewards or incentives for folks to travel at unusual or slower times to sort of spread out. most businesses operate that way, right? >> well, i mean, i think that's
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one thing that can be looked at, but i think another thing is making sure when you get to the airport, all the lanes are open. neil: true enough. >> many people have the frustration when they show up at the airport, and there's a big, long line and there's just one or two people there checking everything's ids. that can't be efficient. neil: do you think this will boomerang on the tsa? maybe the airline industry, a lot of people will say, you know what? i don't need this. i won't fly, or i'll drive, or certainly on flights as, you know, to make up for five or six-hour drives, they'll drive the five or six hours. >> well, we certainly hope that's not the case. airfare is extremely affordable, that's why you're seeing so many people travel. last year was a record year. we're projecting an increase this summer again. so that's why we're working very actively with the tsa. our members are hiring their own people to bring many to help work the lines and nonsecurity functions, helping people move through the lines quickly, doing bin returns, nonsecurity functions.
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this is the most important thing for us in terms of protecting the safety of our passengers and crew, that's why we're really working actively with the tsa on this. neil: what troubles me, jean, i think most folks are good folks, overwhelming majority, but when i hear these studies where bad people get new or they're not checking out airport personnel as thoroughly as they should, that worries me. >> well, i mean, the tsa is constantly looking at itself and checking its own work, so i think one of the reasons we're seeing some of these delays is that the tsa discovered it wasn't doing a good job on some things and was really retooling how it was doing its screening. the issue for us is we don't think that effective screening needs to be mutually exclusive with efficient screening. neil: all right. jean, thanks for taking the time. we appreciate it. >> thanks very much. neil: all right. by now you've heard about this payer/monsanto -- bayer/monsanto deal to make more of farmers' fields. some called that overly changing
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tomatoes into gargantuan, planet-sized vegetables. and a lot of people say that's dangerous. liberals, for example, are fuming. ♪ ♪
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>> i'm connell mcshane with your business headlines, and we have a media deal that looks like it's not going to happen. tribune has rejected more than an $860 million offer from gannett saying it's not in the interest of shareholders. more drama surrounding sumner redstone in the news today as the viacom ceo has filed a complaint trying to stop redstone from removing him and george abrams from his trust. see, there's a seven-person trust that determines what would happen to both viacom and cbs if redstone were to become incapacitated or, you know, when he dies.
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so for his part, redstone has asked a court in l.a. for an order validating his right. so the back and forth continues there. also a setback in court for the big banks as a federal appeals court has just reinstated the private antisuits filed against 16 banks for -- antitrust suits filed against 16 banks. a lower court had dismissed these lawsuits in 2013, but they're back, and the appeals court has brought them back. now to the lower court, they will return for further proceedings. and then there is adele. we have an adele story in the news today so, please -- [drum roll] a somewhat unhealthy obsession with the singer. we have reports she is set to sign a new deal with sony music. now, the word is this deal would be valued at more than $130 million. that would mean adele would be the highest paid female artist of all time, neil, which i'm
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sure is fine with you. neil: i heard that her agent quickly rung her up, and she said -- ♪ hello. [laughter] >> really? i mean, really? neil: good going, adele. >> you should be ashamed of yourself. neil: no, i'm not. >> take a bayer aspirin. speak to me in the morning. [laughter]all right, you heard t bayer, what it wants to do with monsanto, and what's interesting about this is bayer, if it succeeds in this quest, would become the biggest seller of seeds and farm chemicals or remanufactured seeds. well, many on the left don't like that. a lot of people on the right get a little leery about, gee, is that a tomato the size of the planet jupiter in our refrigerator? anyway, there are concerns about this. charles payne whether those concerns outweigh something like, oh, i don't know, charles, global hunger. [laughter] >> how about feeding people and then -- neil: right. >> you know, it's amazing because there was just a study
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done, a 30-year study, by the way, from the national academies of sciences has said absolutelying no effect from foods that are created from gmo crops at all, no adverse effects to human beings. these reports have been done over and over and over again. and for bayer, this is why they see dollar signs. they haven't used gmos in europe because of the franken foods and all of the scare tactics. and, of course, monsanto's been voted the worst, most evil company in the world for many decades. maybe if bayer can offer a little bit more money, they'll get that distinction. neil: you know, could a deal like this be torpedoed by those, you know, it's not a politically correct, you know, industry if you think about it because the kind of stuff they do would not be welcome, let'ses say, among -- let's say, among the whole foods crowd, right? >> you're absolutely right. but then some of the people that were formerly the chipotle foods crowd, hey, it's organic, it's
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fresh with no pesticides and no chemicals, maybe they can get some of those guys to say maybe it's not too bad to have some of these things resistant to some of the things that make us sick. or maybe that could help a continent like africa not have these periods of starvation where we're watching millions of people die before our very eyes. i've got to tell you, bayer's looking at the future. they understand the political part of this and, believe me, neil, it has done more harm than good in my mind, and that's why they bid $122 for the stock. it's not up there because the street thinks they're going to have to bid a whole lot more, and i hope they do. neil: you're right, not even close to that. is the street also thinking this just won't pass muster? >> well, there will be some concerns, you know, with the people who think these companies get too big, but let's not forget their main rival is being bought by a chinese company, and also dow and dupont are in a $130 billion megamerger that's
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going to create three separate entities. so political pressure could get them to stop this thing via antitrust concerns, wink-wink. other than that, though, i think the street doesn't think this deal is serious enough. in other words, the offer's not serious enough and, therefore, that's why the stock's not bid higher. neil: real quickly, charles, marc faber apparently is not a big fan of the candidates we have running for office, but particularly, particularly hillary clinton. i want you to listen to this. >> i think the worst fear i have is that mrs. hillary clinton will become president. that is my worst fear. neil: why? >> well, i would vote for anyone in the world, including you -- [laughter] and trump before i would choose hillary clinton. she's dishonest, she's a liar, and she has deceived people.
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neil: i didn't quite understand where he was coming from on hillary clinton. he wasn't really stating his mind, but he recognized that donald trump would be risky. he acknowledges maybe mark cuban could be right, that the markets could sell off 20% or more as cuban has said if trump got elected, but the markets would be far more adversely affected by hillary clinton. i don't think i've heard that out of wall street heavyweights. what do you make of that? >> in fact, a lot of them, the big businesses sort of like hillary clinton. listen, one of the things i'm going to talk about tonight is how corporate america controls foreign policy. ge just got a multibillion dollar deal in saudi arabia, president obama's in vietnam, boeing gets a big billion dollar contract there. you wonder if corporate cronyism is in charge here, and if so, hillary clinton should be their favorite candidate. but having said that, when the choice is down 20% and down 100%, i'll take the down 20%. [laughter] neil: i guess so. yeah, i'd rather lose about a fifth of my money than all my money. [laughter] thank you very much, buddy.
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6 p.m. eastern time. meanwhile, you've heard about these successful strikes over the weekend to fight isis, also take out, you know, taliban players. but why are some worried that the more we do that, the more we could see reverberations over here? that's not to say that we don't still go after these elements, but just as we're prepared they're no now going to -- they're now going to double up going after us? after this. ♪ ♪ homeowners insurance life insurance automobile insurance i spent 20 years active duty they still refer to me as "gunnery sergeant" when i call being a usaa member because of my service in the military to pass that on to my kids something that makes me happy my name is roger zapata and i'm a usaa member for life. usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life.
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neil: all right. so much for the bad nice always seeming to have upper hand. us air strikes supporting iraq's efforts to retake fallujah on heels of death of a taliban leader in a airstrike over the weekend. a lot of people are beginning to say, maybe, maybe, the tide is indeed turning and maybe for a while. admiral william fallon joins us, former central command commander during the iraq war. commander, always good to have you. thanks for stopping by. >> sure, neil. neil: what do you make of these latest initiatives. i always think, you and i got into the cockroach theory, you take out one and more pop up. there are fewer to pop up. what are we to make of that? >> i think the deal is you have to keep pressure on leadership over there. that's the fragile piece of this. and that they're going to have somebody try to step up. you have to keep working it but the real deal, neil, is there
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needs to be a political settlement so the folks in afghanistan know this and i think my assessment is that the real bottom line here is that there is going to be need to be accommodation how much central government, the ghani government in kabul and how much they're going to allow the tribal leaders to have out in the fringes. so it seems to me you can't just have kabul as the state of afghanistan. you have to have the larger country. the tribal leaders really want their own autonomy and at the end of the day, there is going to have to be some accommodation. i think the leaders know this. certainly karzai knew it back in the day i was there and these guys do as well. you know there are negotiations going on. but some people just don't want to talk, evidently this guy was one of them. so i think you just keep chipping away. we need to stay engaged. we can't just walk away from the place. that is something we had done in the past. they need to know we'll stay with them. we'll not fight the war against.
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we're going to have to fight it to help them and give them assistance intelligencewise and do training and help them as much as we can and tell them basically understand we're not just going to walk away from them. neil: commander, you mentioned the fact ceding, giving some ground of elements of the outer fringes and a lot come back point out the colombia example, where one government after another in colombia ceded that type of ground to farc or various guerrilla groups trying to topple the government. and that it was a zero-sum game. whatever you gave them they took that inch, ran with it a mile and continued their terror ways so there is nothing to be gained with such agreements. what do you say to that? >> that is different country, different continent, half world away. this is afghanistan. there is a long history here. there is desire to be autonomous. tribal leaders want to have
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authority. there is something to be gained. like anything else with people. you have to show them something that's good for them. what is in it for me? they cut a deal. the one thing that is for sure is, foreigners don't do real well. so the idea that an outside power, no matter who it is will come in there to call the terms of the deal is just not going to play. they will have to figure it out. if there are enough incentives on the table, certainly the country has lot of potential, has huge resources. they have a smart population. they will have to figure it out. but seems to me one of the things that's essential to a solution is, you have to make sure that the guys who are just not going to be part of the solution can't be players. that is what this guy evidently was. there is a danger. again you have a long, established network of taliban-related folks, haqqani network operated further north. one thing that is interesting, this hit actually took place in ba judge stan, the area of
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the -- balujistan, that is first time we stuck somebody in there. that had been pretty much a safe haven before. maybe they will think twice about assuming they can just go anywhere they want in there. you have to look forward and we have to keep supporting that government in kabul no matter how much we see them fritter away lots of opportunities. we have to come up with a solution and we help them as much as we can. neil: commander, thank you very, very much. >> sure, neil. neil: tomorrow is big day in washington by the way, not on afghanistan but head of the irs, impeachment hearings kicking off. big guy behind him, do something novel. if agency head isn't doing what you tell them to do, do you tell them to take a walk, take his paycheck as well and his pension? the effort to do just that that this guy could find very taxing indeed.
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reporter: good afternoon, live from the new york stock exchange i'm lori rothman. the buzz is about that $62 billion cash offer for german chemical company bayer to buy monsanto. shares of bayer off 4 1/2%. monsanto shares surging up more than 5%. here is where monsanto is, that is lot less than 37% premium
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that bayer offered which is $122 a share. that difference in price shows that some of those monsanto shareholders are not confident that is the right deal. accused of cheatings by german authorities. shares are down 5%. volkswagen accused cheating on emission tests. fiat chrysler says that their emissions meet the standard. more "coast to coast" coming up.
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>> i'm adam shapiro live at new york city's fame must murray's cheese shop because there is a glut of cheese nationwide and cheese prices are falling. some of those numbers on that. this is three-pound hunk of caso here. we eat 12 of these. that glut, we would have to eat another 3-pound chunk. 1.2 billion pounds of cheese in storage in in excess. we spoke to the head of merchandising here at murray's cheese shop. >> demands in 2014 that raise the production of milk across the country. what we're seeing now is things hitting that. china is importing. russia has embargo. we're not selling them any cheese. europe is producing a lot more milk. it is driving price --
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>> down. >> cheese down. reporter: so, at the chicago mercantile exchange since 2014 the block price, the commodity trading for cheddar has fallen almost 45%. now retail shops, you're paying about 4% less for cheese. so, eat up america. we're heading into the memorial day holiday this weekend, cheese, 3pounds of this a year -- 36 pounds of it, no matter how you cut it, cheese producers smell success. neil cavuto, "coast to coast" after this. neil: adam, thank you very much. speaking of cheese, the big cheese at the irs is in the hot seat tomorrow, only he won't show up. congressman jim jordan is still pursuing him among others these impeachment hearings. but i guess he is a no-show, right? >> yeah. frankly, neil, if i was him i wouldn't show up either. when you allow 422 backup tapes to be destroyed containing
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potentially 24,000 emails and do that with three preservation orders in place, three orders to preserve all documents and communications and two subpoenas in place you allow that to happen i wouldn't want to woman in front of congress defend to talk about that very fact. neil: your argument he has not been very proactive, not been responsive to subpoenas and the like and that he should be impeach do we know of an agency head ever being impeached from his job? >> yes. neil: we came close with labor secretary ray donovan, if he had lost a court case he was ultimately exonerated under ronald reagan but this would be fairly uncharted waters, wouldn't it? >> yes. it has been 130 years but when you have this kind of egregious activity -- first remember the underlying offense. they went after people for exercising their free speech rights, first amendment political speech rights. they went after them for their political beliefs. you can never lose sight of the underlying offense.
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when mr. koskinen was brought in to clean up the mess, three preservation orders, two subpoenas in place allowed documents to be destroyed. he knew when he he testified in front of congress he knew there were problems with lois lerner's hard drive and emails, yet he waited four months to tell congress about those problems and did it on page 7 of letter to senate finance. we'll not get all her emails. we think he gave false testimony in front ever congress. we gave him opportunity to correct the record. he didn't do that. when you have that record, lack of help and lack of assistance and doing what the law requires we think you should go, particularly when you're the chair of the -- neil: how does this go? >> commissioner of irs. neil: i apologize. how does this go, house votes would be certainly within your committee. house follows up and recommends it, does it go to the senate? what is the process? >> well, that is the process. we're a long way from that. tomorrow is just the first hearing giving, reacquainting the judiciary committee with the basic facts n a couple weeks we'll have in legal experts who
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will talk about the standard. some people think the standard should be a criminal intent standard when in fact, we don't believe that is what the constitution requires. we don't think the standard is necessary. all kinds of sharp legal minds agree with us, wouldn't have to be high crime and m, akin to president, or no? >> breach of public trust, dereliction of duty. certainly mr. koskinen was engaged in that type of activity. neil: congressman, this will be fascinating to watch within way or the other. good to see you. >> you bet. neil: bernie sanders in case you didn't hear is not giving up on the race to take on hillary clinton all the way to the convention if need be. he has two events in california today. if according some california polls, he could win the state. leaving super delegates aside, it is proportional. even if he wins big, just to win would be a challenge, he would at best get a split. hillary clinton is already on her way to the democratic
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nomination. so what does he do, after this? it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. try super poligrip free.
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♪ >> typical family is actually not doing well and that's why you have people like trump and bernie sanders having such an appeal. otherwise if the economy was very strong they wouldn't be contenders for the presidential election. neil: all right. so marc faber saying one of the big reasons why bernie sanders, for example, is still fighting on and on and on, is that, well, the economy and markets really aren't what they appear to be. in fact they're awful. deirdre bolton is following us whether bernie sanders can parlay something into already
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more than he has. trish: as you know it is possible but unlikely for bernie sanders to win california to become his party's nominee or i should say democratic party's nominee. if you look so far, clinton at 2093, senator sanders, 1533. delegates needed, 89to become the democratic candidate. if you look how they stack up, essentially essentially bernie sanders needs to get 90%. that is pretty high mountain to climb. if you look at hillary clinton, we'll pull her numbers up. essentially she needs 10% more now. seems like mathematicians will bet on miss clinton. california does have some progressive pockets. you were just talking with marc faber there as well about the economy. if california were its own country, top 10 in the world,
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neil, as far as gdp goes, as far as views, there are a lot of libertarians, there are these progressive pockets and a lot of liberal press has started to turn against him. i will read one quote. daily cost -- daily os is turning against him and "mother jones," one of their key raters, painful to see a good person like bernie currenting into a sullen and resentful man. people thought he was the impassioned, wasn't typical politician, challenging the system, he was a little bit more likeable but now that he is saying, listen i really want to win and you know didn't condemn the violent expressions in nevada, he is taking a lot of heat from even people who would be supporters. neil: if you're a liberal and you lose "mother jones" and it is over. >> like -- neil: exactly. but is the sense that you're getting, deirdre, that if he, gets together a string of victories and hillary clinton gets to the 2383 by virtue of
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superdelegates but not conventional delegates, would he be able to make a pitch, look, at the string that i have won and i'm on the roll, she isn't? >> i think what most people are saying he definitely wants a voice. he wants to be in the room. he wants to influence policy or influence the vp pick. some people are saying, you know what? hillary clinton could do a lot worse than to actually ask senator sanders to be her vp. we've seen a lot of passion from millenials. we've seen a lot of passion in other parts of the party for him but seems if he definitely wants to go and horse trade a bit at convention. neil: i mean, if she will entertain elizabeth warren to be her running mate, which is some of the gossip, why not the guy who created all the fury? >> like they hate each other now. neil: looks like that. >> but that said, there is lots of practicality ends up in politics. neil: i have family members, opposite ends of the table.
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thank you, deirdre, very, very much. is this true, did the va secretary actually compare wait times for veterans to those of disney world? saying that essentially it hasn't hurt disney. so why should it hurt the va? here is just a reminder, secretary. one is a ride. the other is a life and death issue. that is right off the bat what came to my mind. but more after this. there's no one road out there. no one surface... no one speed...
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>> when you go to disney do they measure the number of hours you wait in line or, what's important? what's important is, what's your satisfaction with the experience. neil: all right. the va secretary, robert macdonald, saying i couldn't believe what i was hearing because last time i checked people aren't dying waiting to get to space mountain on a line at disney world, or any disney amusement.
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that is amusement. but for our veterans just needing care it is life and death stuff. so did he just step in it? in a couple of hours on you're world on fox news we'll get into that -- "your world." that is what the problem is b the wait times that are producing deaths. trish regan. trish: thank you so much, neil. breaking this hour, everyone, donald trump meeting with tennessee senator bob corker at trump tower today as many speculate that senator corker is in the running to be trump's running mate. this as new poles show trump and hillary clinton in a first all tie today. donald trump has erased the 11-point lead she had just one month ago. dr. ben carson is here he is going weigh in. welcome, i'm trish regan. welcome to "the intelligence report." trump and clinton in virtual tie. look at numbers one month ago, clinton beating trump by 11 points.


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