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Transcripts For FBC Cavuto 20150527

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Can somewhat control their destinies as theyre desperately trying to control the content of what folks watch. It is a pricey order but as my next guests see it it is more pricey sitting back and watching this entertainment parade go back. Charlie gasparino and the wall street journals james freeman. Charlie, what is going on here . Theyre back to revisiting a big combo. Not as big as comcast and Time Warner Cable still big. That is one of the best descriptions why two companies merge ive heard in a while. One of the graphs inside a wall street journal article. Why do companies merge . To cut costs and be competitive. When you have people cutting the cord going straight to the content providers through the internet where you dont have to pay a fee to the Cable Companies. These Cable Companies are coming under tremendous price pressure. We should point out this this will get Regulatory Approval as the comcast, time warner one. This the journal did a really good job showing the size of the companies. Smaller than comcast right now. I think what the Justice Department antitrust division will say is hey, look im not saying i agree in turning the deals down. Theres a reason why i dont. What theyre saying is look, comcast is the big guy, now they have a major competitor. Let this one go through. Neil well get into it in more detail. James why as so many particularly young people are cutting that cord . Where is the economy, the scale as the guys exert influence . Its funny youre talking about whether the dinosaurs can survive the government treats them as monopolies and treats them that way. Cable companies have got to consolidate into basically national players, National Competition in verizon and at t and wireless and wireline. National satellite competitors who have done better on the tv part of the package. Youve got netflix which has more subscribers than any Cable Company delivering video. So hes saying weve got to have scale. Got to do National Contracts for content that we want from hollywood and this is part of that. And the one aspect this intermediation of cable. I dont understand all of this. Im not a cable my wife is. This poses a huge, huge competitive risk on your side. Comcast time warner, it will create the huj company should be allowed to merge . And i agreed with it. The forces theyre trying to fight against are overwhelming and impossible to stop. People are going to be able to go without cable and get stuff and you dont need cable to get all the packages and get all the stuff. You will pick and choose. Neil where is the benefit of these guys merging . They can extract a better deal or leverage to get better deals to prevent the content from wandering . What charter is saying, this is going to please regulators i think, we have among the fastest speeds in the cable industry. We are going to bring the technology throughout the time warner systems as well. Neil will they do that with Customer Service as well . Like answer your phone and act like they care . Thats a question i think you look at malone is behind this deal. Theres a history of controversy on that end, but given the neil certainly a history on time warners end. Given the speed i think both as a competitive argument and consumer argument and the fact theyre not going to be as big as comcast, it will be hard to knock it down. But the fcc put out a statement of tom wheeler saying absence of harm is not sufficient which is amazing, if you think a business cant combine. Neil ten years from now, will we care as much about what Cable Companies are doing . I dont think we will. Cutting the cord aspect Business Model is not going to come soon enough. I think this is what theyre going to do. We have to grow, we have to be cost conscience. Were going to play to what regulators fear the most. They fear monopolies like comcast. The only way to deal with the monopoly like comcast is to have an alternative that is almost as big, thats what theyre going to make the case. Neil still have fewer players. Thats the thing. Ten years from now the question is and i dont think this becomes an issue. Ten years from now, its going to be a revolution with the way people get basic content. Neil do you agree with that . Could be all wireless. This is the edge cable still has and maybe you see it as a longtime cable player having confidence in the industry, that this is still the fastest platform right now and maybe that continues to be the edge. Neil yeah, yeah charlie and i are concerned with making sure were the content in any of these devices. Were ubiquitous about it. You know i agree. Heres what i think is going to happen, people want to watch fox news. People have to watch msnbc. Thats the difference. Neil very well put. And only you could get a sly dig in there. Totally out of nowhere. Who wants to watch msnbc. They dont have to watch fox business, they have to watch msnbc. Neil government scrutiny killed the last deal time warner had with comcast. What could make it different . Forbes executive editor says the government could be playing favorites here. Explain what you mean by that . Before the time warner merger was under review by the fcc, the definition of highspeed was changed. The requirement increased by five fold for what they defined as highspeed internet access. So you have the government here playing with definitions whats highspeed internet then deciding well not only does no harm have to be shown but shown some good will become of it. This industry is changing so fast, so rapidly that for the fcc to rule this stuff like its a monopoly will do the consumer more harm than good. Neil i always thought the case of comcast, that surprised me virtually the entire corporate suite was very close confidants of the obama administration. That was the impression very few anticipated problems here. What happened there versus what you dont think will happen here . I think its almost an arbitrary market share number to certain extent. Why is 57 share of broadband considered something that would hurt consumers not 49. Thats part of it. Also comcast, for some reason or another neil has a terrible longterm track record when it comes to getting approval. Three of the largest 20 mergers that did not go through over the last 20 years were comcast proposed mergers. Im not sure what problem the Robert Family has specifically. John malone is an expert of this. Look at irony. He started tci one of the first Cable Companies, built it up in the late 90s. Sold it to at t and at t sold to comcast. So you know, it shows how fast this industry changes. Youre right about that. I am wondering if everyone is making a bigga do about dinosaurs, whether this matters. This will be smaller than comcast is today but wont be a lot, lot smaller. Have you fewer players in this field and generally the government doesnt like that. You are absolutely right. I think the politics of it at the core in my opinion comes through the obama administrations influence on the fcc about the notion of net neutrality. You shouldnt have to pay more if you take up more of the internet essentially. And i think that to a certain extent is at the heart of this decision and the fear that capitalism should not have the final say in this, that it should be regulated, and thats my concern overregulation scares away investment. Nobody is going to put money in if they feel that the governments going to decide the price, but the money for investment has to come from somewhere, and nobodys figured out yet how much is going to come over the top. In other words forgetting about cable. Just going to stream. How much is going to come from cable and maybe you have Companies Like charter merge with content providers. Whos to say netflix wont merge with charter five years from now. Neil very good point. You make a lot of them. Michael always good seeing you. Big banks are sued for not sounding the alarm before the last meltdown. Are they trying to cover hineies now warning about the next potential meltdown . Because Goldman Sachs bank of america and hsbc warning of dire market consequences ahead. Dave says Big Bank Fines left them potentially trying to cover their behinds. Is there something more going on . You can always be protected if you mention the good argument and the bad argument. Simple as that. What do you think . I think theres meat to, it neil. Looks like we were in this very different economy that we dont know how it works. We all talk about the Dow Jones Industrial average in a postindustrial economy, and to me, weve used this analogy before, you and i talking about this. It is like driving a car in the dark in an ice storm and youve never driven the car before. If this market starts to skid the economy has changed so fundamentally i dont think anybody knows how that car is going to steer when we hit the icy patch. A goldman economist wrote about the fed being concerned about mismeasurement of the economy. That this information driven economy isnt measured the same way before which ive been writing about in my forbes column for two or three years talking about how the scoreboard is broken. In an environment of that much uncertainty i dont think anyone that says gee, i dont think this is persistent i dont think they have fears of being deadly wrong or accused of being different. Neil uncovering both possibilities. What i find out the hsbc guy was whining about armageddon or close to, it his name is stephen king. Is that coincidence . I think not. What do you think of the scary scenario the market had a great run but its run long in the tooth here, and i think they point out it need not be a cataclysmic event, it could be a fizzle and get anemic returns that are closer to 2 and hope for 5 . What do you think . Entirely right. And the point i was bhak not knowing how this market will react to that one thing i dont think anyone can look at this and say theres not a great deal of uncertainty and news risk and geopolitical risk. We have got just in our country taking the rest of the world out of it we have a horrible disagreement about what kind of role the federal government should play in regulating business. We were talking about the cable transaction. We have a giant piece of political risks in 2016 where can you imagine the nation veering this way or that way, and we have the record level stock pricing as if everything is fine. I dont think thats accurate. Neil and you have been warning us. Dave, always a pleasure friend, thank you. Thanks. The nsa is winding down as isis is gearing up. I want you to meet a privacy advocate who couldnt be more delighted and a terrorist watcher who couldnt be more concerned. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. You pay your Car Insurance premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™ you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call 18884389061 to learn more. Switch to Liberty Mutual and you could save up to 423. Call Liberty Mutual for a free quote today at 18884389061 see Car Insurance in a whole new light. Liberty mutual insurance. Neil all right never mind whether Senate Leader Mitch Mcconnell botched this nsa spying thing, since it is looking as a given, the government is pairing at least some of spying back. Lieutenant general Richard Newton fears we are letting our guard downsa isis is revving up. Not so says katherine manguward she says calm down shes not worried he is. General, worried, why . Neil weve talked about this before. My 34 years on active duty, never seen more of a Challenging International security environment, and if you look at the last month, its increased in terms of the challenges that we face with isis with the recently with palmyra and syria and ramadi now here closer to home, theres concern both among the fbi the National Counterterrorism center and the Intelligence Community thinking there could be increased threats out there again, this is not to put the American People on eggshells but need to be more vigilant. Neil you dont think the rules in effect prepatriot act, are they . We have to keep the existing rules on the table right now. Neil katherine, what do you say . The severity of the threat and the appropriateness of the patriot act, in particular the controversial provisions about the nsa spying are two separate questions. To they isis is scary absolutely true, to say that these solutions to that problem are constitutional or effective is much more controversial im skeptical about both. Neil when they said these have at least brought to light or led to incidents in the past not recent incidents where we have caught bad guys. You are not buying it . Its not worth it . Theres a huge amount of government officials saying Just Trust Us on this. Have you Chris Christie saying no when i was u. S. Attorney, that was useful i cant tell you how. Theres a lot of that. Im skeptical. Peter bergens report from last year where we found 225 Al Qaeda Affiliated terrorists virtually none of whom were captured by the metadata collection. Neil general for all the fuss, its really not helped grab the bad guys . I think counter to, that i think it has. I think weve again, since 9 11, the commissioner came out and said we need to be more effective in synchronizing and integrating the National Intelligence center and committee the more effective we are in shoring up the details will thwart potential terrorists. Neil where is it beneficial . How is it beneficial to take 120 million verizon customers phone records and stack them in a database just in case we need it . My experience tells me this data can lend itself towards lending the authorities with neil it didnt lead to tsarnaev . Not only in the domestic range but the foreign range as well. Neil katherine . I dont have personal experience on this, i think there are those on the hill who have a certain amount of confidential information. Theres a lot of people who want this program to go forward, give us something put something out there. It can be old. It doesnt have to be fresh. Right now im not seeing concrete evidence thats enough to convince skeptics that this is working and even if it is working on the very, very limited scale in a couple of cases theres the question of its fundamental constitutionality which hasnt been bridged. Neil your point is we are sending a signal to isis at a time you fear it gives the impression were letting our guard down. This is the last point in time we need to start letting our guard down. Neil thank you very much you thought gay marriage was the most anticipated Supreme Court decision. There is a bigger one coming, after this. Im proud to be an american because we still have the best constitution in the world that can protect our personal freedoms and liberties from the constant encroachment of big government. Excellent looking below the surface, researching a hunch. And making a decision you are type e. Time for a change of menu. Research and invest from any website. With e trades browser trading. E trade. Opportunity is everywhere. Neil all right well ireland may have just approved gay marriage, and for all we know our Supreme Court could follow suit later this summer. But for most folkss money, the supreme issue that matters is how the highest court rules on those Health Care Subsidies because gay or straight this one stands to very much affect us all and doesnt former president ial candidate Massachusetts Governor Michael Dukakis know it. The subsidies are ruled unconstitutional. All of a sudden were back, you know to the starting board here, and that could be problematic explain. Neil, its even worse we have millions of americans who are finally getting decent Affordable Health care and presumably will lose it. This is not going back to where we were, and i certainly hope the court makes the right decision. I mean you cannot look at legislative history of this law and come to the conclusion that it should not be effective. Neil all right, obviously the justices are taking up this issue theres enough sentiment that it is not legal. Im not a lawyer myself, ive watched enough law shows, governor, to qualify. Having said that what is the fallout and what you think republicans have to do . The argument im getting from a lot of democrats is the onus will be on them to help out the seven or eight million americans who benefit from the subsidies. One idea broached is maybe keep them in effect through 2017. What do you make of that . Well look the onus is on all of us. You know, its about time working americans and families had decent Affordable Health care and the vast majority are members of working families. I dont care whether you are republican or democrat it seemed to me that making sure that these folks have Affordable Health care makes sense and frankly while im very troubled by this court. The decision of the Affordable Care in the original case, that it was unconstitutional coercive to require the states as a condition if you are continuing to receive medicaid is preposterous but we got to have that decision. Neil they got to do something for the seven to eight million. You also hear from millions of others who have seen premiums rocket because of the requirements under the Health Care Law right now that everybody be covered for pretty much everything. All well and good, but the sticker shock is real. Even outside this pool of seven or eight million people. Do you think this administration, and in general the left was caught offguard by the severity of the increases . What increases . What are we talking about here. Neil premiums that have gone up on average 28 . Well, thats not true. The vast majority looks, health costs are relatively low under the new law. The rate of increase is way below neil im talking simple premiums youre mentioning the rate of increase that is delayed effect of a recession right . Well, some of that is but not all of it. There are very important provisions in the law that kept costs down, but were not having skyrocketing premium increases in my state, i think were having them in most states. Looking at the wall street journal, the New York Times talking about those who do not qualify for the subsidies that are the source of the data of the Supreme Court, they are paying more. That shouldnt be a surprise if you are going to include preexisting conditions and you are going to cover people across the board. Obviously thats going to cost you. I think the reality for the left as well as those who are hoping to mitigate this is how you correct that. So is the real problem not so much what ultimately happens to the 7 or 8 million Subsidized Health beneficiaries but the rest who are not liking the unpleasant surprises . I dont know where the surprises are, neil. All i can tell you premiums are not skyrocketing in my state and i dont think theyre skyrocketing in most states. I dont know what the wall street journal is saying. Neil i dont want toarth fact, looks like the subsidies go and we have to keep these people insured if republicans offer a scaled back plan that would not cover everything and that the reality might be that we cant cover everything and it was unrealistic to cover everything. What would you think of that . There are lots of ways to cut costs that we arent trying these days. Our Health Insurance system is the most administratively complicated system in the world. 25 cents of every premium dollar, neil goes for administrative overhead. No other Health Care System in the world has the overhead costs. Neil havent we switched overhead, governor. Weve gone through a private enterprise overhead to a public government overhead, state exchanges that might be forced to merge or go to the federal exchange to address that overhead or switching overheads . Im talking about the Health Insurance system in general. You want to save money, get that administrative overhead out of here, and i have plenty of ways to do that. Simplify the system take a whole series of administrative actions that could eliminate an enormous amount of waste. 25 cents of every dollar, medicare takes 31 2 cents, enormous room for savings there. Neil governor, quickly Bernie Sanders is saying Hillary Clinton is one of the fat cats and im paraphrasing we need a top rate of 90 , we need to go back there. What do you think of that . I dont agree with that. I think we need tax system that is fair we should be eliminating a lot of loopholes. You go back to the reagan era when congressman rostkowski and president reagan put together a tax reform package that eliminated a lot of that stuff. Theres something about the world that keeps carving loopholes into tax codes. Neil what is a successful top tax rate to Michael Dukakis . Is it 45 . I think where we are now is acceptable. I dont agree that there ought to be a differential rate for dividends in Capital Gains nor did Ronald Reagan by the way. I think were about where we should be and we ought to stick with it. I dont think we ought to be going to 90 or 80 or 70. Neil do you think hes going to push Hillary Clinton closer to the figure or the left will pusher closer to these . No, no no i dont think so. Neil try to answer my question next time. You were very clear on that. Governor, a pleasure. Thank you very much. Neil a pleasure thanks for having me. Neil Michael Dukakis. As the june Supreme Court rulings roll. In monitoring it live on fox business, 12 00 to 2 00 p. M. Eastern time cavuto coasttocoast starting monday on fox business. Developments like this that are ongoing, as news is happening, well cover it. How do you get the jump . Apologize to anyone you might offend. The jurassic takedown of those who might get ticked off after this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva respimat does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with Spiriva Respimat. Discuss all medicines you take even eye drops. If your breathing suddenly worsens, your throat or tongue swells you get hives, vision changes or eye pain or problems passing urine stop taking Spiriva Respimat and call your doctor right away. Side effects include sore throat cough, dry mouth and sinus infection. Nothing can reverse copd. Spiriva helps me breathe better. To learn about Spiriva Respimat slowmoving mist ask your doctor or visit spirivarespimat. Com the ones with the guts to stand apart join a league all their own. Time upon a once people approached problems the way same. Always start at the starting. And questions the same asking. But that only resulted in improvements small. So weve got some ideas new. Garbage can create energy. Light can talk. Countries can run on jet engine technology. When you look at problems in ways different you new solutions find. Neil i heard of apologizing after apologizing before. Avengers stars Jeremy Renner and Chris Stevens getting slammed for comments about Scarlett Johansson and chris pratt taking precautions that Jurassic World star kicking off with a preapology. And i quote to actor and singer who says Political Correctness has gone the out of control and pratt has brilliantly demonstrated. Good to see you. Very great to see you. We lost the sense of humor about certain things, or the ability to criticize without being exonerated for it or punished for it. Case in point there avengers film. Neil and they were just joking, they were joking at the time. There are some people, and ive been on sets like that too. Neil yeah. Where things are distorted how you say it that is somebody holding when a celebrity has a certain kind of i dont say power but a certain stature sometime there are other people that have a resentment toward that. It could be from a Kraft Service person that you were rude to one day, and not on purpose. Theres a certain kind of thing that can spill over. This is hysterical i think. Neil you know what makes you weird in the hollywood world ive had the pleasure of speaking to a number of hollywood celebrities you are in the upper crust. What i wanted to talk about, robert davi said no, he had no preconditions, that makes you weird. [ laughter ] why do so many step into, this robert downey, jr. Says dont mention my former alcoholism, he may be right saying that. Interviewer brings it up he walks out on the interview. Interesting. I dont know why, ive met him several times, hes a heck of a nice guy. Neil and handles great questions. Very intelligent. I think something to that effect look every family has been touched. My own family touched by addiction and alcoholism have had people in the family. And if you communicate to others that you have the similar problem in a certain way that it could help, but whatever personal reason he may have. I think he takes youre the expert but i play one on tv. It takes it off the subject. This is about promoting my movie. You might want to talk about that. It takes the attention off that and people say davi missed a golden opportunity, right . There is that, too. The preconceived notion is you can bring up like for whatever, the premiere of the club life coming out this week. Well put it in there, you are trained as media people it will be on itunes and video on demand, youll put your message in the ravioli. If you are having a conversation with people interested in something and not trying to be provocative or nasty. Thats a different story. Neil do you get a sense that things are shifting in hollywood because theres the left and the far left and the Hillary Clinton crowd and those who are gravitating to the elizabeth warrens and the others, you see im edging into politics. Its changing this go around and putting a conundrum for hollywood. You know, its very early to tell how the chess pieces line up. That is so the only time i saw really the Major Movement was with president obama. How he was galvanized early on. Neil you dont seem to care about offending people, not that you go out of your way i get the sense from some of your cohorts that they dont want to look like theyre on the wrong side. That could neil thats human nature right . Thats human nature. What happens is have you factions, its tribal mentality. Much like what were having in the middle east, there is still tribal mentality. Neil have you risen above that though . I plow through like an ice breaker. One of these things you just live your life and try to live it as straightforward and direct as you can, and with whatever values you are brought up with. Neil you dont act like a prima donna clearly. I could be i have my moments. Neil i find that hard to believe. No i have plus my kids can swear im in the mafia. Neil youre not . [ laughter ]. No. But its very funny because of the films ive played they think dad, youre in the mafia arent you . Neil you may it a little too convincingly on. You know what i mean . So good seeing you, one of the few from hollywood, i kid you not no preconditions on any introduce. Now we just make stuff up to see what happens. See what happens. I want to pitch the club life based on a true story about the night life in new york city, the underworld of that Jerry Ferrara is in it jessica score. Neil what would you been the underworld night life . I tasted some of it. [ laughter ] robert davi thank you very much. New home sales shot up 6. 8 in april and youre thinking housing is back. Who are we to leave you feeling good . Weve got another number that says it will never come back. So have a nice day. If youre an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin your doctor may be talking about adding medication to help lower your a1c. Ask your doctor if adding onceaweek tanzeum is right for you. Onceaweek tanzeum is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes along with diet and exercise. Onceaweek tanzeum works by helping your body release its own natural insulin when its needed. 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Before using tanzeum talk to your doctor about your medical conditions, all medicines youre taking, if youre nursing, pregnant, or may become pregnant. And about low blood sugar and how to manage it. Taking tanzeum with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects with tanzeum include diarrhea nausea, injection site reactions cough, back pain and cold or flu symptoms. Some serious side effects can lead to dehydration which may cause kidney failure. Ask your doctor if adding onceaweek tanzeum is right for you. Go to tanzeum. Com to learn if you may be eligible to receive tanzeum free for 12 months. Make every week a tanzeum week. Neil heres the good housing news, americans are buying more home 6. 8 more homes in april. Heres the bad news fewer are doing any of the buying, the overall Home Ownership rate is the lowest its been in a quarter century. To real estate watchers on whether that could be a problem . Mr. Meister, you think it could be . I actually think that the Home Ownership rate is going to drop lower. Neil really . I think so if you look historically at Home Ownership rates in this country prior to world war ii. We were well below 50 and from the 50s through the 90s pretty much flat in the low 60 range, it was when the Community Reinvestment act came into effect and pushing this affordable Home Ownership policies where we drove the Home Ownership rate above 70 . It needs to settle back . Neil to what . Lower probably in the high 50 , 62 range. Neil if that happens, we have more to go, then what . If the Home Ownership rate falls it cant be a good thing. I can handle a point or two drop. Every 1 drop in the Home Ownership rate is one million households that are renting and paying more on a monthly basis and not saving anymore and not building any wealth. Thats a cautionary tale. This concept around the reinvestment acts and the goals driven by housing experts has this false narrative that killed the Housing Market. I think most people in the industry recognize it was deregulation of wall street and the banks where its kind of like the scene from animal house when they said you messed up, you trusted us. The government trusted these guys wouldnt do things outside their selfinterest. Neil nevertheless wherever we want to look at what caused, that the fallout from that people are leery to buy. I dont understand tim why do we feel the need to make homes more affordable . If you can answer that question for me. I understand if the government wants to make sure if there is no asbestos hot and cold water housing is safe, you can rent and own a home, you have a roof over your head. Neil what if the rents are going out of whack . That is a different issue. The rents are going out of whack because the laws are to darn stupid. Thats another segment for another time. I want to be on that segment too. This isnt about fairness, this is about macroeconomic its situational awareness, this isnt an ideal circumstance that we find ourselves in in terms of helping or subsidizing borrowers to get i homes. The Wealth Creation opportunity for Home Ownership doesnt exist elsewhere and the facts that rents are going up and disposable money is going down. Thats macroeconomics. Neil are you optimistic that the housing turnaround is real or not . Cautiously optimistic. You cant paper over the fact you need fundamental strength in the economy for a Housing Market to work whether i think there is positives and negatives going back to what weve been doing, the 3 down payments with no skin in the game its a place where we dont want to be it creates housing bubbles. Neil gentleman, thank you you both. How a memorial day drone disaster for this guy could be worse news for this guy . I am totally blind. I lost my sight in afghanistan but it doesnt hold me back. 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For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Memorial day parade first running into a building then someones face to tech watcher jessica kimble, on accidents like this hurt Companies Like amazon investing heavily in the drones. I know these are exceptions but theyre a lot more exceptions lately. Whats going on . A lot of accidents, the Drone Industry is here to stay. They estimated in the United States and the next ten years theyll be responsible for creating 100,000 new jobs. Neil is anyone monitoring them . The faa will be very soon. More of the monitoring is commercial uses of things, why amazon is struggling to get into the drone market and using other countries. I think were close god forbid this happened. Some fell on a guys head. The one that fell on the white house lawn everyone is okay. But we have a lot of close calls. Theyre light, clunky. Theyre like a gigantic mosquito. They are under four pounds. Neil more than a mosquito. Im not sure about the scenario. There are huge portion of the defense budget, and growing and theyre going to be a job creator in the near future. Neil unless were all dead. No kidding. Apple brushed off blackberrys founders, research in motion coceos were amazed when they saw steve jobs unveil the first iphone. They brushed it off. Didnt think anything was going to happen with that. Do you think blackberry ruled the world . They were 50 of the Smartphone Market on the day of that now. They missed the ball. Its sad. I was super loyal to my blackberry. I loved it. I held onto it for as long as i could. People felt that way. Not that blackberry doesnt have power users obama carries a blackberry. Neil the camera, the music and think about it, i think you and i were chatting about, this today when they review a phone they never discuss the quality of the phone, its the other stuff, right . Absolutely true. They didnt understand the problem, they wrongfully assessed it and didnt go after the loyal users the enterprise users and need the fast typing they didnt entrench their place in the marketplace, they were a victim of a circumstance and a follower and now paying a price for that. Neil reminder for apple to stay on top of its game. Absolutely. Neil great seeing you again as always. Meanwhile, is the new june gq glamorizing cuba . My next guest says watch out. Dont pack your bags for the communist nation just yet. Usaa makes me feel like im a car buying expert in no time at all. There was no stress. It was in and out. If i buy a car through usaa, i know im getting a fair price. We realized, okay, this not only could be convenient we could save a lot of money. I was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. And it was just easy. Usaa, they just really make sure that youre well taken care of. Usaa car buying service. Powered by truecar. Online and on the usaa app. Neil take a look at this picture, its meant to show how hot and sexy cuba is. The problem is the couple in question it looks like they are doing a photo shoot in a dilapidated alley accentuated by a car that looks like it ran out of style a halfcentury ago. This travel consultant says this is the problem with pushing cuba rapidly right now, but a lot of people are. Look at what risk . You know cuba is a sexy destination and at the moment americans werent able to travel to cuba and all of a sudden there was a surge of interest in this tropical destination. Neil but for those that want the sun in the fun is it the curiosity factor that others would be surprised that cuba might be a promising land down the road . Yes, cuba is a specific destination. And if youre looking for a tropical locale all of those places, cuba is going through a resurgence but its going to take a long time and there are expectations as there were have been to other tropical destinations. And its definitely for a more seasoned traveler per se. Neil what about the fact when a hot couple is promoting it. If you have your doubts what do you think of that . They are trying to sell it as a sexy destination but i think the cuba of yesteryear is a cultural experience. And there is a concern because you have to make sure that legally you can go. As of right now it is still illegal to go for tourism purposes. Theres about a dozen other reasons for why you can go you can visit family, you can go for education in what they call persontoperson interaction. But as a tourist lying on the beach still legal. Neil thank you very much, its good to see you again. Thank you for having me. Neil in the meantime dont forget neil cavuto coasttocoast we will have the Ohio Governor john kasich, rick scott, former new mexico governor Bill Richardson we are going to have president ial donors from both sides and many more it starts at noon eastern. Many of you have been saying that we want the very latest happening at that very minute. So we are going to do that for two hours. Because we care, and that is howtartight we roll weird and unique. A man puts a dusty weigh station on the map, but the down and his legacy foul on hard times. I was hear from residence it was an eye eyesore. Has he left his family a money pit. Keep it in the family at all cost. Or a monument. Sometimes in life we dont appreciate things until they are gone

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