Transcripts For FBC Cavuto 20140222

Bartiromo on the big move to fox and where she sees ourecord markets this year. Flu season hitting young people the hardest. Percentage of young flu victims nearly doubling a year ago. Fox news medical ateam memr dr. Marc siegel among our guests. Turning to our top story a new push to recall former cia director former mike morell to publicly testify about his role ii crafting the false benghazi talking points he has told a number of stories in front of different committees. A week late he told the Senate Intelligence committee ty were provided to t white house quote, informational purposes only not r their iut. And later that same monthn a closeddoor meeting with senators lindsey graham, john mccain and kelly ayote, mr. Morell blamed the fbi for the revisions. And in may of 2013, when the house nominated john brennan to ta over the cia role, that morell had left, republicans pressed the Obama Administration for emails related to the preparation of the talking points in exchange for a smooth nfirmation of john brennan. But some of the emails delivered placed mr. Morell right at the center of the controversy. Morells career path after he3 resigned from the cia suggests an even close and personal political alignment with the administration. Morell is now a member of the consulting firm, bean global strategies. This is a group founded by leon panettas former chief of staff and phillip raines, a man who is described as hillary clintons, quote, most visible spokesman and guardian much her public persona. When asked for comment on these allegations, mr. Morell referred fox news to the cia Public Affairs office. Ll, the plic is still looking for answers as well, a new fox poll sho 66 Want Congress to continue the investigation of the benghazi scandal. The turning now t oth Foreign Policy crises where the Obama Administration has be ineffective, the ukraine, signs of progress tonight after government oosition leaders signed an agreeme to fm a new government and hold anarly election. It is unclear how well the deal will hold, of cours antigovernment demonstrators still demanding preside viktor nukovychs immiate resignation but the Development Mark a stunning tn around from just yesterday when clashes left nearly 80 people dead. President obama called his russian counterpart, vlmir putin, shortly after that agreement was signed. The white house says they talked about the importance of stablizing ukraines economy and undertaking necessary reforms as theyut it. Press seetary jay cary also said washington remains prepared to impose unspecified sanctions. Our focus today is on working with our European Partners as well as the government in opposition in ukraine to assure the agreements i amen mentation. Were not going out sanctions to hold those violence accountable escially if ere should be further violence or violation of the agreement. Neil our first guest says the united state is not even leading from behinon the crisis in ukraine. It is just behind period. Here to assess the obama minutes Foreign Policy. Were joined by general Thomas Mcinerney this is a hopeful point a signed agreement. Your thoughts. It is signed until the olympi are over, lou. Then president person will put his entire fus on this. The uaine is in his sphere of influenc wants it back. He wts to rebuild the soviet union as herew up under. And there is no way, particularly the way this administrations Foreign Policy has been, and it is correct, leading from behind is an understatement. Were just behind. So with at kind of Foreign Policy, i dont think theres much that we can do or the European Union. Remember the European Union is not nato. And so, they have got economic clout but they dont have military clout. Lou what do you make, whado you make of the administration continng to talk about sanctions without specificity, without any clearugstion of what the consequences of sanctions, if any, might be . Well are sanctions going to be on russia or are they going to be on the ukraine . If you put them on the rue crain, they just uai, you put them on ukrkraine you hurt e rainian ople. I dont know what you do with the russians. They control much of e sanctions if you want. They control much of eures oil and gas coming in. Is predent has put a great deal of fai in predent putin in his iranian strategy and in his syrian strategies. So you can see, he is counting on president putin toeliver in two very important areas to him, so i dont know what this president can do to leverage prident putin. Lou the question i havat this point, this evening, is why in the world would president obama reach across the atlantic, across europe, and into the ukraine to talk about what must or must not o t make threats that many believe are i has not the capacity to carry out if indeed he were to be called upon do precisely what he threatened . This seems f more a role for euro, the e. U. Specically and a ple where president ama might quietlyoff support to the European Union . He is havingone of that, is he . No,e isnt. He is knot concerned about the president pins goal of rebuilding the soviet union. That doesnt bother him. They thinks this is cold war politics putin is doing more than this. He is rebuilding middle east policy. He has syria, iran, egypt. Heas dominated not only the ukrainian area but clearly the middle east. Sour Foreign Policy is in tatters right now, lou. It wl take someone a long timee3 to get back where we were before he came in. Lou going into the issue of egypt, this is just one failed policy after another. Toward these countries. Libya, it look ike it mighte dissolved into failure again. Egypt opposite what he sought th the removal of mubarak. Syria, assad who said he had to go three years ago and remains there and steadfastly as you point out supported by the russians. This is becoming a great embarassment and perhaps, and i would like to get your opinion on this, perhaps a great danger to both region, the middle east and our interests in it. I think it is a huge danger. It is probably he most unstable situation in the middle east and when we see our closest allies, israelis are faced wit a verr difficult situatiowith iran Going Nuclear. And lets face it, this i kabuki those talks going on right now. This administration in the inner ciles, lou, saidell let iran go nuclear may take two or three years but theyre on a track theyre Going Nuclear and administration will say, well, we tried our best. You have somebody lou are they reallyn your juement such a sorry lot the would behave in that manner, as leaders not only the administraon, but of the country . They have a different view than you and i do, lou. They think, well, if iranians get Nuclear Weapons it will just balance off issues in the middle east. But the fact is, when youook at what they did puling out of iran excuse me, pulling out of iraq and giving iraq to iran and then what has gone on in egypt and what is going on in syria look, president obamas strategy can not be successful getting all thosehemical weapons out unless unless assad is in power. Only he can get those weapons to be destroyed. When you look at th, not only president putin backing assad, you have in fact president obama is backing assad. Lou general, good to have you with us aslways. General tom mcinerney. Thank you, lou. Lou president obama guilty of gross exaggeration on obamacare, perhaps i should say, again. Democratic governors last nig, the president said that quote, well over 10 million americans are benefiting from obama care coverage. Factcheckers however, blasting the administration for weeks now for including those who wouldd3 have signed up for medicaid, regardless of obamacare and those who had to sign up because thospls were canled. T, mr. Obama repeated number again last night, not without consequence. Obamacare also by the way, tarnishing health and hewlettpackard Services Secretary kattleen sebelius in her home state. Her favorability rating in her home state of kansas down to 38 . Well a i told you here last night, the fcc planng to lach a controversial study as it put it of newsrooms across the country to study perceived station bias as they put it among other things. The stu as of today has been put on hld following a flood of freedom of the press complaints from lawmakers, media groups and he an fcc commissioner. Well talk with him, the man who helped put an end to that study here on mday. So please be with us. We want to thank the state departme today. It stepped up and issued a travel warning, a timely one too. Today they advised americans to postpone all nonessential travel to ukraine. There have been two mths of violent and deadly largescale protests and demonstrations. But theepartnt tay took action. Were coming right back here. R new colleague, Maria Bartiromo joins us. Stay with us. The young invincibles, not as invincible. The cdc releasing a shocking report, the numberf young people contracting flu has double midthis country. Dr. Marc siegel explains whats happening next [ doctor ] and in a inical trial versus litor, crestor got more highrisk patient bad cholesterol to a goal of under 100. Wayo go, crestor yh tting to goal is a big deal, especially if you have high cholesterol plus any of these risk factors. Becausyou could be at increased risk for plaque buildup in your arteries over time. So, when diet a exercise arent engh to lower cholterol, adding crestor can help. Go, crestor oh, yh [ female announcer ] crestor i, like peoplwith Liver Disease or women who are nursing, pregnant, oray become pregnt. Tell youdoctor about other medicines yrtang. Call your doctor rht away if you have muscle pain or weakness, fl unusually tired, have loss of appetite, upper belly pain, dark urine, or yellowing of skin eyes. These could be sig of rare but seris side effects. Crestor yes [ female annncer ] ask your doctor about crestor. If you cant afford your medication, astrazeneca y be able toelp. Lou businesses, schools, families, alleing hit hard by the flu this year. The centers for Disease Control are now warning the flu is hitting young people especially hard this year. 61 of all flu related hospitalizations nationwide are people bween the ages of 18 and 64. That age group normally makes up about 35 of all flu hospitalizations for more what this flu season is doing and why it is proving so deadly for younger folks, im joined by dr. Marc siegel, member of the fox news medical atm. Professor of medicine at nyu langone medical center. Great to have you with us. Hi, lou, good evening, were talking about 10 times as many deaths last year in cifornia as there were last year. 260 somedd deaths already. This is, this is deadly stuff. This is a very bad flu season. Its pretomnantly the is predominantly the h1n1 flu. People thought we were done for that. It usual lingers after a pandemic. This affects young pple. This isnt first time that happened. Hong kong flu, same thing. 1918 still same thing. Lou is this a pan them dick . Not now. It was in 2009 when we first saw it. Because we dont have the immuni to i because again, it is relatively new bug an only 1 of people in the age groups thatou mentioned are getting the vaccine. That is another problem. This is exactly the time you should be vaccinated. Only 1 3 of young peopleave had the flu vaccine. Lou i tell members of my own family, doctor, you have got to havee you got to get a flu shot. Theyre younger. Eyre healthy and theyre active and they say, to me basically, buzz off, props. They shoulbe betting this. Reinforce that. There is a lot of myths out ther we give you flu shot here on the show. You took your jacket off. Lou like real man. You were great. Had one of your assistants to t the flu shot to talk you through it. Lou i know. It was helpful. I had to do it if s would do it. There still plenty of time. The good ne from the cdc, it decreases a risk of a sear case by 61 . Should have the flu shot. Flu season is still raging widespread in over 24 states. There another thing. I want want to Say Something conversal lou, body aches, fatigue, fever, sore throat. Get to your doctor to get antiviral like tamlu. If i give that to you early i can cut down severity and shedding of flue virus. Evenf you dont have flu vaccine there is still stu we can do. Lou there may be doctors out there discussing you. Cussing you though. We dont want folks to get more tamiflu. Theyre full already. The flu is pret serious. You dont die because of the flu or hospilized of flu. You get other things with it. I call it the great enabler. You get Heart Disease or pneumonia or sinus infection. Once you have the flu,mmune system gets knocked down and you get mother infection. Is this thing rning, youre full of good news. Knew u would say that. Lou is this tng running its course . Surely it will not get any worse than this . I dont think so. I think it has peeked. I think well see it for another month. I think the way it is playing out, in early march, early to midmarch, youre ing to start to see it die off. U all right. Dr. As always, we thank you as alys for getting us through all this. Im holding yr hand, lou. Lou we appreciate it of the especially appreciate it. Although absolutel im a very grid. I dont need that handholding. But thanks forolding it anyway. Good to see you. Lou marc siegel. A local news affiliate in new york obtaini video of new mayor bill de blasio official vehicle. There it is. Blowing through two stop signs, driving over the speed limit. Im sorry. I love this new mayor. And changing lanes without signaling. That is, dangerous, and illegal behavior coming just two days after our favorite new mayor, outlined his plans to make new york city streets safer safer i said. You know, this may, is controversial certainly. But i just want to say to bille blasio, thanks for being yor of new yk city. Up next the latest addition to Fox Business Network joins us Maria Bartiromo joi un the direction ofhe markkts. Her brand new show, opening bell, right here at fox business. Stay with us. [ female announcer ] s time for the annual shareholders meeting. Therell be the usual presentations on research. And development. Some new members of the team will be introduced. The chairman emeritus will distribute his usual wisdom. And you . Well, youre the chief life officer. You just need the right professional to help you take charg lou on wall street today, stocks edged lower. The dow down 30 points. S p lo three. Nasdaq down four points. The dow, s p, well they snapped a twoweek win streak all in one day. The nasq posting gains however, for a Third Straight week. Crude oil down 55 cents, settling at 102 a barrel. Gold, by golly, it is moving, up nearlydollars, closing above 1323 an ounce. The yield on the 10year down to 2. 73 . 10year is holding doggo steady. Fannie mae, wow, paying more an 7 billion to the treasury mex month putting taxpayers into the black on the 2008 housing bailout. Amon in talks with traditional, well, brickandmortar retailers such as j. Crew is feature products on amazon. Com. Listen to my Financial Reports three times a day on Salem Radio Network for all latest business developments. Uniteduto workers appealing last weeks election at the tennessee auto plant. Works ers rejected that unionization. They claim ierference by politician. That is not fair, is it it. A brand new show launching fox monday morning. Here to preview the show tell what you i driving markets and economy, Maria Bartiromo host of opening bell. Premiers monday on 9 00 a. M. Maria, welcome, great to see you. Hank you. Lou l great to beorking with yo after a little, what, two decades. Before that we were worki together pretty closely. Lou l thats right. It is great to have you here. Thank you so much, lou. Lou l so i want to talk to you, just real quickly before we talk about your show, about what were focusing on here tonight and that is markets that seem, not ownly resilient, but are there fundamentals happening. I was lking at earnings today. Earnings growth for the fofourth quarter is up 8 yearoveryear. That is pretty good. We were lking about flat showings for several quarters there for ahile. Were still waiting on revenue. Revenue has been a sw starter. We really need to see end market demand and Revenue Growth to really expecthat were in the clear but earnings are doing better. The corporate sector probably the best shape it has been in in a long time. So im not surprised that every time we see a little bit of a declinee see bottom fishers and buy on the dippers come in. U weve got a l of folks excited, certainly im excited. Everyone herr i know i eited about your show beginning nday. The opening bell, you will be straight at it, telll us a litte bit about the show, what you expect to do, what you want to do . Well be live two hours, 9 00 a. M. To 11 00 a. M. On the Fox Business Network. Well obvioly look at the open and have market strategists and analysts around the open talking about how to invest and save wisely for the long term but i stress long term because what i would like to do, is get away from the shorttermism we see so much on television and take time, perspective, analysis on stories so viewers feel like they get the story and understand it cpletely rather than sound bite situations. That is very important to. Certainly we will have a focus on the Global Markets as well as the domestic. We want to look at global story for really all iestment opportunities and well have the big hitter interviews which is the solve what i lou big hitter, that is what you do. Th is who you are. Yes. Lou ceos im sure will be imrtant partf the mix. Ceos. Do heads of state. Large money managers. I want to get to the asset allocatetors to find out where they see opportunity around the world. Lou i cant wait to watch the premiere and watch the show that youre going to build here over the weeks and months to come. Thank you. Lou i know it will be a great success. Again, i just want to say welcome, and remind everybody to watch maria beginning monday. Thank you so much. Lou 9 00 to 1 on the Fox Business Network. Isnt that kind of exciting, Fox Business Network. I love it. Lou i love thelogan, the por to prosper. Maria will help you do just that. Sure to join her. Thanks a lot, lou. Lou Maria Bartiromo. 13yearold girl scout showing strong entrepreneurial spirit. She set up a table outsidef a San Francisco pot clinic, sold 120 boxes of cookies, in two hours. That is four times she sold outside after supermarket. In colorado where you expect she would be emulating their savvy, they said no, they will not let girl scouts get that close to a pot dispensary. Pretty good marketing. Stay with us. Were coming right back. New york times hatchet job on new jersey governor chris christie. Why are they doing that . The ateam takes up the reasons. Kevin williamson and kate huey in the new new york, we we only know one dire up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expanhere. Or start a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your busins to go. Up. Find out if your business caqualify at startupny. Com you are gonna need a wingman. And my cash back keeps the pay going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be this hard. With creditcards. Com, its easy toearch hundreds of cards and apply online. Creditcards. Com. The real he could not bring himsf he did not want to get in the way. His approval is 59 . 65 before the bridge gate so he is suffering a little but doing pretty well with money raisin he helped the orgy a taking 80 million since he took over in late november as chairman. Day of its goods . Lets find out what others think. Joininus is the a Team Political reporter for real clear politics kate huey byrnes, your thoughts on governor christie . Did you look at that article . You talk about hostility th our constituents expressing pressing concern . That was a good gesture. Before is controversy started christie was the top surrogate for a lot of candidates across the country because his ability to fund raise in and promote the party leader he helped the recent cash flow to remind us why he is in this position in the first place. Lou but fundraising is any way to measure b the times is the timeshen i saw that 80 million per year i thought that was a lot money or not i remember when was never about governor christie by president christie it is clear peop dont care has not had much effect and he has been a fairly good guy about shaking down for money. I dont think it will break his strides back because democrats have been hearing christie for months ted is a wonderful point. Lou that is something the democrats did not think of what. Ted strickland former governor he went after the governor in w jersey tried to even separate with a 59 percent approval rating. Bu i want to turn to former nuer two at the cia now congress wts him back. Apparently she lied or misrepresented the talking points on benghazi. But that is allied. At do you think it . Is this the big deal or what is the endless process of noense that is the height of the effective stonewalled by this industry should . It should be but it prably will be coz the public is not sophisticated enough to know what happened there but the . Scandals become stories but serious things le this it is a very serious issue and lying to congres is a very serious crime but not something that will capture the publics imagination but is too hard to understand. Lou the National Liberal media not carrying out its role of oversight and and as the watchdogs to back congress will take this up throughout the year it is a top issue for House Republicans especially the midterm electi year and e ticket to 2016 but we see people leaving shows the interest in this issue is leading. Lou the mosttrecent fox pulls 66 percent say they Want Congress to continue to investigate benghazi. The bid terms now watching the spectacle of the g. O. P. Between the establishment and the twoparty and the divide that is winding quickly. Between the business and the round table and chamber of commerce and conservives. This is starting to look like a big deal may be mo than the establishment. The problem with capitalism is space stand that is e case in terms o the chamber of commerce for things that are not good for the country but also one thing that is not good for the Republican Party is the republicans caved you will get a blood bath. It is one o t fewimes when the a ary populist energy is of the rig side of the issue. So wat is itp longterm . With a few extra bucks not important in the long term anyway. With those more conservative republicans don you that as their base very clearly after 2010 be learnea lot of the mey came from committees grassroots organizations not the wall street type for the chamber. They dont see that as their base. That is the disconnect. Lou not too far into the crystal ball is there any sense it is changing its approach to raisg men and women with the worng cls . To focus on smal business rather they and drawn to the money from u. S. Multinationals . The smart people are you hear thi from ted cruz and rand paul who is good at understanding his business big business is not your friend to do well. Sometimes they are and sometimes theyre not. But what you dont want to talk about with the involvement of the economy but there are reasons why it is happening because conservative values and i think the republicans are smart normally u. K. And end the sentence there. But if they are they ll Start Talking about these more. I think we will see a continuation of these messages coming out of the house conference. Last year they passed the bill targeted building a half to refine their visiting especially with the election year. Lou thank you both. The city of detroit ining closer to a settlement with the largest municipal bankruptcy ever and is bad news for pensionsover creditors, and justbout everybody associated. Dow jones industrial average snapping the t week winning streak at 16,000. 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Power and associates. Lou detroit submits its plan to restructure the 80 million of debt that a historic record breaking nkruptcy under the plan pensionsould be cut fom 10 at 30 percent creditors get 0. 20 on the dollar this is a proposal but so far from the deal is reallyhe initial bargaining position in. Stocks fluctuating this week but turning lower after the dallas fed president Richard Fisher said mething he says all the time he will contue to support the efforts. Joining us now from s capital christine, great have y here. Seems the markets are just marking time. Are they be paid being the way you would expect . It was a hard start because stocks plummeted fr january into february but then every saw them pick up. Initially the slump was with my data added china that we have seen the earnings season boost the overall market. We are at 8 percent growth rate now so that is the strongest Profit Growth for the s p 500ver two years. Lou but you were pretty strong on earnings from the very beginning with. We were only expecting 5 over the last several quarters you know that analystsre very conservative in the beginning but over the last 15 quarters we have ended up four Percentage Points higher bid what they initially told us. So we did call between eight lou good for you e an8 . Investors. Most were skeptical at that time but are absolutely delighted with the upside except maybe Richard Fisher. He is thrilled because it supports his thought we should taper suitor but we continue to hear from the fed Bank President and confounding to investors to hear these voices when there is one voicehat belongs to you janet yellen who has the essay on fed policy. Look at qe3 tied it to the do housing mket 2012 as when we implemented qe3 since then they did t respond but the fed tightens the exit to different data so now we look for the labor market to recover and using some of of members unemployment data now at 6. 6 d participation ra up slightly as a justification for moving ahead with tapering. Lou lets get the labor market look gaffle appointment ybe 6 percent it freed have over 20 Million People unemployed i cannot understand why these people make statements like that . Over the past uple of months nonfarm payrolls were disappointing in contrast to the Unemployment Rate with that Participation Rate is down but lot of this could be tied to is that because people could not g to work because of the weather . Lou you can ratialize. It is a proper way. Certainly an excuse. We will have to see if those numbers improved that is the true test. Lou how strong . How weak . How much . Look at current expectations over 2014 over 12 months earnings per share nearly born hundreded 20 per share at the alltime recor that means by the end of the year s p could be at 1925 through 1975range but tt takes that into account they perform as we expect. Lou you have a very good track record. Thank you for being with us. Lou a few thoughts as we begin the weekend another intrusion into our private lives. Not our intelligence aggncys surveillance activities or theindless reactionaries who are intent to protest those agencies calling for increased a and needless investigations of thos who were diligently working to keep our nation save proprietress the men and women that served our nation and the Defense Department and our sacrifice keeps coronation free and should be respected. I trust not those who lack the courage to quietly questioned why commercial enterprise are allowed to olate our private lives, a personal information, privacy without comment or criticism. Cell phones, tablets and all signal telecom isp Companies Alike know our whereabouts come and names are synonymous with numbers in this economy the it address and we are tracked across the internet. The beacon with apple can track our position stores or restaurants or theaters and all that you spend your money on. It did suffer a Security Breach recently that allowed some to pinpoint a users physical location within 100 feet. That has bn fixed we are told. Security breaches white target or marriott and Data Collection like analysis Ford Facebook tuned bugle and others in and pandora and google we are under constant surveillance. With no guarantee our privacy will work can be protected the liberal media have chos to ignore these ubiqto threat of our privacy and personal information and insight instead protecthose of r national intest that is under congressional oversight. To burdened with more hearings and investigations. The questions the most urntly needed answers have the Biggest Technology in Telecommunication Corporation that require far more courage to demand answers then those agencies permitted with the full oversight of congress and the courts. Under the president s command. Ets go to your thoughts. The republican dishes hes referring to the affordable carect as obamacareto begin call it what it is the democrats catastrophe. They should ty it directly to lead noted. Into hearer if you like your constitution you can keep it. Then god help us all. The plan to control i wonder how the government would feel in every Government Office . Said is my favore line of the month. Keep your comments coming. Followon twitter or go to our facebo page. Or email us lou loudobbs. Com and copies of my book upheaval for those that we rad on the broadcast. Thank you for being wh us. Have a great weekend. [ laughter ] [ female announcer ] each one of us is our own boss. And no matter where you are in life, ask your financial professional how lincoln financial can help yotake charge of your future. We are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs whstarted it all. With a signature. Legalzoom has helped start over 1 million businesses, turning drears into business owners. And were here to help start yours. [poof ] [beep] [clicks mouse] nice office. How you doing . Good. Automatic discnts the ment you sign up. We will see you nextweek. Neil so mch for new years resolutions because you may try to stick to that diet by washington gave up trying. Weome, everybody. I am neil cavuto. Get ready to get back to continue more spending because it never stopped. Ending the week with the budget that is weak. A. M. Did goodies for all including to keep democra happin benefits to keep republicans happy but if you are among those who worry abt the debt and more