tv Cavuto on Business FOX Business March 12, 2017 6:30am-7:01am EDT
>> stock is up 20% in a year. >> people have trouble sleeping worrying about their jobs. i recommend an old standby, up 20% a year. dagen: you need something to calm you down. thanks, everybody. charles payne now. >> this is a positive solution that puts patients and families and doctors in charge of healthcare. >> we are divided on replacement. a year ago we voted unanimously to repeal the whole thing. i think that is all that will pass. on replacement we are very divided. charles:can the white house convince healthcare holdouts to get on board? the administration makes a new weekend pitch. is the time for republicans to put this back on the bed with tax reform? i'm charles payne in for neil cavuto. of charlie gasparino is right
the longer this drags on the bigger the drag on the market and the economy. gerri willis is off this week. give us your premise. charlie:he never laughed at my jokes. pipe down, professor. with all due respect of course. i think the markets are pricing a fairly significant corporate tax cut is a modest individual tax cut, pricing and regulatory reform and the longer they are around with this health care plan which they shouldn't have gone for first anyway, the more they do it, the more conservatives build, rebuild rome in a day because they will never put the genie back in the
bottle of obamacare. the longer we dealing with this, the markets are up which is pricing insignificant fiscal stimulus, economic growth. charles:mitch mcconnell expressed concerns. we are going to do it by act. over 100 points. never sat behind us. the markets will be said. let's hear from you. and the stock market goes more. the markets are priced to perfection. i don't know how it can go up in
level territory. there is not going to be any adequate replacement for obamacare that will make everybody happy and the reason i was laughing, charles knows all these things, why isn't he richer than warren buffett? 's >> if you know all these things about the markets why aren't you richer? >> i don't know. charles:let's bring it up to now. kennedy? do you think -- i don't want to quibble about what should come first the taxes, august, not just mitch mcconnell. in terms of the trouble getting through this obamacare? kennedy:the president and administration made a policy sprint out of the gate, just
marked the first 50 days in office talking about what they have done and something substantial in the next 50 days and those deadlines are there for a reason. and healthcare reform comes in three phases. and has to do with taxes and spending in the reconciliation phase because the most important one which has sticklers for has to do with selling insurance across state lines which you needed 60 votes in the senate but all this stuff has to be done before you tackle tax reform. the tax aspect that shackles be economy and healthcare legislation has to be settled before this. charles:there are $600 billion of taxes in the next 10 years associated with obamacare. many people say that money will find its way into the economy and the market. are you concerned about the
timing of tax reform? >> when you set expectations high you lose two things. number one, the numbers, markets a 25%, construction up 25% but then you lose the other part, confidence, consumer confidence is skyrocketing, all the numbers we have been seeing on confidence of skyrocketed. we get this virtuous cycle. if you lose that confidence, the big intangible everything falls down and the price of perfection, they better get this done sooner rather than later because expectations are too high. charles:thing to say we will repeal and replace, vote on it 65 times and all of a sudden the ball is in your court. i believe ultimately these conservatives will come around and negotiate, negotiations in
plain sight. >> 100% right, they -- the administration committed the kind of mistakes you expect rookies to commit and they are political rookies, that is how they ran. we don't have any political experience and now it shows. the conservatives will not come around which they are all about not coming around. they are standing on principles. the irony is they were obstructionist in the obama administration and he will be obstructed in the trump administration. the days why did they do that with midterms? this becomes a political issue. if the republicans don't have -- you think ted cruz is crazy. >> you are thinking of them as if they are monolithic and i don't think they are monolithic. charles:i want to get back to the beginning because we have the stock market around and
people are concerned -- >> i would be as rich as warren buffett. andrea: this is one thing i do think these artificial timelines, the first 100 days even august, if the market anticipates that will get done we don't know the timeline but it will get done, should not be enough to get support under the rally. 's >> i don't know. andrea: you believe it will --'s >> warren buffett will agree on this. down 21,000 pressing insignificant fiscal stimulus to help corporate earnings in the near term and every investor i speak to say that. if this gets delayed, it will be somewhat of a trend which andrea: warren buffett talked about american exceptionalism,
looking to put money into this market and seems to be pretty excited, looking at this sort of stuff in the microlevel but more of a macro level, the trump agenda gets through. 's >> mister buffett said he never made a single investment based on government macroeconomic policy and i don't think he is going to now. i don't disagree with my friend charlie gasparino i think the market is priced to perfection at this point and they better cut the tax rate. >> something we haven't talked about that could have a big effect on the market is the cbo score. don't know how much -- how much this will cost. andrea: i can tell you now we will get that monday and it will be a crazy number, that has
never been right. >> you have republicans everywhere, if they can't get things done with that, look out 2018, you will see the house come tumbling down in a big way as democrats are winning a lot, they will be very carefully better get things done. charles:the ball is in their court, they asked for they got it. and he put their sitting down with neil, the one liberals didn't flip over, this may be proving him right. we will explain. >> today on fox, it ensures that drug companies like the gop plan to reveal and replace obamacare, that should were you. we will debate it. a battle brewing over how to pay for tax this is the silverado special edition. this is one gorgeous truck. oh, did i say there's only one special edition? because, actually there's five. ooohh!! aaaahh!!
uh! hooooly mackerel. wow. nice. strength and style. it's truck month. get 0% financing for 60 months plus find your tag and get $5500 on select chevy silverado pick-ups when you finance with gm financial. find new roads at your local chevy dealer. ( ♪ ) it just feels like anything is possible here in upstate new york. ( ♪ ) at corning, i test smart glass that goes all over the world. but there's no place like home. there's always something different to do like skiing in the winter, jet skiing in the summer. we can do everything. new york state is filled with bright minds like samantha's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin.
's >> if you increase the minimum wage it will incentivize people to automate. neil:you are against obligate. >> increasing it to the decade. for working-class americans. charles:president trump's former labor secretary nominee andy partner saying higher mandated wages go the more employers turn to robots. looks like he might be right. this burger flipping robot and when the's rolling out self ordering kiosks at 1000 restaurants. gary says he was right. >> we have been talking a long time about for every action there is an equal and opposite reaction. when you continue to foist onto business owners or costs without productivity gains they will look elsewhere. you mentioned 1000 stores, 15%,
next up is the robots with the burger, less than you would to see that they have no choice, they are moving forward into the shape of things to come. charles:it makes so much sense, so obvious you wonder why so much pushback. >> the technology is there. as soon as restaurants recoup what they have to invest in this technology hopefully they will pass savings along to consumers but when the necessity is there was the necessity the mother of? invention. they see -- they -- twice the market value in some cases. >> $15 hiking minimum wage completely wiping that out. no profit incentive, the restaurants. >> the other report on monday.
we have to expect these fast food restaurants to automate like cookie-cutter stuff. what scares me about this is raising minimum wage, how it affects mom and pop restaurant restaurants which people go for a degree of personal interaction, better food and those restaurants are being crushed by the minimum wage. and the problem with employment, and to the levels of seattle and $15 an hour. how does a guy starting a pizzeria pay $15 an hour. charles:three states, new york, colorado showing receipts with surcharge.
and i am paying for it. small business to deal with that. >> input to a certain product, rise in price, labor is the name and restaurants and the cost of those inputs and this should have been italy available but the quandary is what do low-wage people do? no joke to not be rich. it is very hard so i don't know what the solution is, $50 an hour. >> elizabeth warren and bernie sanders give this fight for 15, it is not the fist punching the man in the face but the workingman in the kisser. charles:everyone is saying there's a certain level of self accountability and the idea is you got to make yourself marketable particularly in an economy that is moving to the
21st-century economy. >> what he got wrong is restaurants are going to automate to robots whether the minimum wage is $15 an hour, $30 an hour or $2 an hour, they will go to the robots if they can. we have to move on from that conversation which restaurants cannot do that and you are forcing them -- they can charge more for the experience. charles:things are later in california but your mcdonald's are better than i that you can charge for the québec experience. >> he wantss $30 pizzas. charles:here is both english we keep hearing politicians push this and they push it along the lines of social justice but they are hurting their economy and the very people they suggested they are helping. we change here's the problem. most of these politicians have
never run one of these business but they are dictating to the people running the business who are using their own risk capital time sweat and toil the politicians have lived off the public dole and that is how we have got to this point. >> we need more politicians with no political experience, that would help. charles:if you saw that jobs report on friday it is not a bad start. let's leave it there. many people clean their dentures with toothpaste or plain water. and even though their dentures look clean, in reality they're not. if a denture were to be put under a microscope, we can see all the bacteria that still exists on the denture, and that bacteria multiplies very rapidly.
charles:mexico releasing a video aimed at illegal immigrants in the united states offering advice for avoiding detention like don't reveal your immigration status or don't open the door for ice agents, mexico should stop worrying about keeping their people here and start improving its economy so they stay over there. >> almost unbelievable they are doing this, telling their citizens how to disobey the law of the united states of america, almost unbelievable, cross the border illegally and act illegally once they get here. it is so staggering i can barely find words and their economy is not doing that badly. the problem is third world countries even their economy is doing well, nothing in the us but they are determined to insult us. the government is determined to
insult us in any way they can. charles:it is -- talk about chutzpah, this is beyond chutzpah, they are having these folks who have committed an illegal act as we got your back which >> they preach to us about our immigration yet citizens don't come back into the country, we don't want you, here's how you stay in the united states. and the good news is, and we are seeing less and less people coming here because incentives are going away. charles:illegal border crossings down 50%. >> part of that is a shift, the economy doing better in mexico, not as much inventive in this country to cross illegally as
there was before the great recession. what they realize is it is less money to invest in ads and conflict to the united states than to take care of the poorest people, and the entitlements. >> this is sick, it is perverted and thick and a foreign country is telling people violating the law in our country how to violate the law even more. andrea: do you see anything valuable from this? 's >> we are outraged about the mexican government say consulting things about the united states government -- build a wall and make them pay for it. charles:is that it? you are just upset the we are
upset? 's >> a tacit understanding with these people for a long time. movement from mexico into the united states led to a trickle years ago. charles:we will leave it there charles:we will leave it there as m dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one.
what's happening here? this is my new alert system for whenever anything happens in the market. but thinkorswim already lets you create custom alerts for all the things that are important to you. i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. . >> 8 years counting stocks can keep this bull market rocking. >> priceline even after a big move accelerating their earnings in revenues i think a lot more to go in leads market up. >> adam. >>ita aerospace defense index highly likely more on defense. >> i think so ben stein. >> i love the spiders always do, stick with spiders. shake with index not going o to be there long.
>> the average we get a dip? >> just keep buying, keep applying till you die. >> cost of freedom continues with man david asman for business fox. . >> vice president mike pence making a weekend pitch to repeal and replace obamacare, owe a ensures drug companies applauding the man why some say patience and taxpayers should be worrying about the plan it is time to debate, hi you i am dade asman welcome to o folks are on fox with steve fox, liz bill sabrina john, bruce a full house a lot of people in congress, are saying that this is helping you insurers more than patients what do you think. >> i agree, of an though i said last week that yes, we need to get in reform done, it does seem to