Transcripts For FBC Cavuto Coast To Coast 20160906

Returns, my life has meaning again, thank you. Doctor avian in boston right please tell me you are eating healthy. Please tell me you are not one of those doctors who text. Donna, how do i know it is the real you . Look at this hair. No one can recreate this work of art. Charles payne has tried. Crystal emails she is not buying any of it. I think you got it and fox doesnt want to admit it. You looked like a corpse before openheart surgery. I forgot about that. Comments in detroit, you are back but all of your substitutes were far better but they never interrupted and always remained classy with guests. It is a pity you are alive but welcome back i guess. Alicia in atlanta, so glad youre back, we missed your charming face all these months. Bob emails start slow, dont rush things, not like oreilly. He built a career on it. Lets not be mean. In new orleans, look at the bright side, you missed all the soap opera fun at fox while you were away. Nothing happened while i was away. Impressive guest list on foxbusiness, have lined up for my return, carl like on, who is next . The pope . The pope is next week. Unfortunately, cavuto who, frankly you are not necessary anymore. Your incredible stab never missed a beat and with hosts who were astounding and the guest list that was second to none failed unless the kids handle things. Steve in rochester, new york, you strike me as rich and cheap. You no doubt stashed away a lot of money and retired, so you can have fun and use your whiny, obnoxious voice again. There is mike and irene in cleveland, when we heard about your openheart surgery, you are becoming sympathetic. We think you would get the message and not go back but you come waltzing back like douglas macarthur, who we might point out resided in jeep grass. Thank you for noting it. This is the first time you heard. Those are a few of the tens of thousands of emails i have received over the past few months, each and every one made them less scary. I can honestly say in all fairness, i wouldnt wish what i have been through on anyone, even cnbc. It was scarier than these images of me Walking Around hours after my operation in a hospital gown that sometimes showed a bit too much. I am saving you the excitement. Many have remarked on my socks here. Stop it. They are supposed to prevent me from falling. They did not work. Young ladies walking with me, day by day i walked a little more and cried ltlmore, prodded by my tough surgeon, doctor jacob tiedemann, eventually got over my funk. It might surprise you, tv anchors can get self absorbed and selfpity and, this doctor would not allow it. He said there is a way to beat this and deal with it, keep at it and never give up. Everyone including so many of you, with all your prayers and good thoughts, you refused to let me succumb to what some call a cardiac crash. Thank you for that and i want to thank the medical staff and this fine network on fox news shows and all the better looking folks. Who took over this chair in my absence. This was very demanding work led by Charles Payne who i dont think had an hour go by, Connell Mcshane, the guy doesnt sleep but always looks great, Everybody Loves him, no idea why. Last but not least, charlie gasparino. Especially i didnt shave just for you. I answer these guys up top because i love them to death, they did great work, so great, my cardiologist said you could afford another couple months off. I was telling who is the british guy before me . My close and personal friend, Stuart Varney, the ratings are so good and you started calling it coast to coast with pain. Charles charles coasttocoast rolls off the tongue doesnt it . Trying to catch up and thinking of you with the tight president ial race, and pulled go up or down, are tightening dramatically but charles a lot of it is losing ground was the latest cnn poll shows him gaining but most polls look at her coming down, him staying in the low, donald, hillary 40 . The Electoral College gets difficult but here is the real issue. He really does have a shot. If he can convince, heres where it gets interesting where he is losing ground, losing ground among republicans who have a College Degree particularly women, those are people moving away from him, hard to make that sale. Older women are different. The soccer moms if you have a College Degree you are moving away from it and one thing i focus on in the post and spoke with a lot of republican consultants, if he can move away or soften, the rabid stuff on immigration doesnt mean he cant have immigration but stay away from the crazy stuff and moved to a more economic message. He can win the vote and win. Charles it is all about money and whether he has spent it. Neil states like florida producing sony she spent the better part of the last month just like you. Connell she spent time neil you can add onto that. A little more sympathy. Connell she spent most of the month raising money, Beverly Hills and that kind of thing, she had a rough last few weeks and that brought donald trump back into the race. He can win. The cnn poll is getting a lot of attention but the washington post, the 50 states poll, what they found, 20 20 in the states, each candidate up four or more points. In Hillary Clintons state you have 240 electoral votes and donald trump, 126. Neil i am it is so low. Charles he is notorious for not prepping for these things and it is one on one. Neil charles goes through all the notes. Connell suppose he has a good debate. He could win. Neil Ronald Reagan trail jimmy carter and his performance the narrative charles it gets back to the Electoral College and to your point i looked at every one of these, the top 11 swing states. Every the white population had 40 more College Degrees, hillary enjoys a solid lead. Neil the popular vote narrows nationally it would stand to reason it would narrow in those states but not enough. Charles what is interesting with the cnn poll, it is not getting enough press because of the shock factor. Likely voters registered voters hillary is still winning by 3 but likely voters underscore the enthusiasm that we see in donald trump, the enthusiasm those are the likely voters, last time it was registered, mixing apples and oranges but the bottom line is hillary has an enthusiasm issue. If the polls are tight, i dont think the brexit polls were wrong. The millennials neil a lot of people didnt admit to pollsters. Charles the lead was winning. It was a short, one week call where people were afraid to say someone was gunned down in the street, i am for this but by the same token we are knocked out, millennial didnt show up. Hillary has to find a way to make sure millennials show up, blacks show up and hispanics show up and the enthusiasm gap. Charles this is why he needs collegeeducated white people, it comes down to donald trump losing that part of the voting block as he gained others. How do you get that voting block, with every strategist including our bosses, to an economic message. Harp on the economy. Charles criticizing republicans. Charles stick on message. Charles really terrific. Can you talk more in this segment. It is skim milk. Neil it is a lifechanging event. In the meantime there we go. He will shave now. Do any of you remember when mark cuban and donald trump seemed to get along. A big win or something, talk about the things. I dont support a lot of his policies but i like the way he has energized people and he tapped into the fact that this is not about issues anymore. They dont trust government. Neil mark cuban on the warpath, lets change. That is next. Across new york state, from long island to buffalo, from rochester to the hudson valley, from albany to utica, Creative Business incentives, infrastructure investment, university partnerships, and the lowest taxes in decades are creating a stronger economy and the right environment in new york state for business to thrive. Let us help grow your companys tomorrow today at business. Ny. Gov neil mark cuban appears to be on an antitrump blitz. To prepare for the upcoming president ial debate where they might assume the role of donald trump himself. Mark cuban himself, very good to have you. So glad you are back. The news got better, i wore my ironman shirt just for you. Charles i appreciate that. You were getting richer and richer over the years. What is the relationship between you and donald trump . We dont have one. You ran that clip and i was 100 accurate. People were excited about him and it wasnt about issues. There were a lot of things i disagreed with him on and at some point issues matter, policy matters, we just have the following out on that issue. I remember paraphrasing mark cuban, it was like the seinfeld campaign, all about nothing. Donald trump took offense to that, his campaign is about something. Do you want to take those words back . Absolutely not. Donald has done a great job setting the agenda for the media. He is a master at headlines, youd want to deal with the headlines and not look underneath it, no one looked better than him. That is not the decisionmaking, what i look for when i decide who to vote for for president. At some point somebody has to govern. He would have to understand policy. At some point he would have to get into details and he has not shown a talent for doing any of those. Neil her own past. All candidates flipflopped to a certain extent over the years. In terms of details, discussing the emails, Hillary Clinton is not good at communicating with the media, donald the master of it. People dont trust her govern judgment about classified information. They did not discuss what she did with classified information. The reality is for 99 of the classified information she dealt with she did it in hard copy, secured transfer, everything done by the book, she didnt even use a pc. For her email she sent and received email from a total of 13 people. That is it. 13 people. Across those 13 people there were 68 classified threads. Over the course neil that we know of and 15,000 more are out there. That is not the case. Because the fbi went and interviewed anybody and everybody connected with her email. Neil im not taking sides, when someone set up their own private email server is secretary of state in the United States . I am a tech guy. I set up email servers. I understood the security m. Neil you knew the benefits. It is more secure than she would have done otherwise. To your point she has done a horrible job communicating. She is trying to address the emails when the question is how does she deal with classified information on a daytoday basis . She has a great answer and she never used the answer. She doesnt do a good job explaining herself. Neil you are behind the scenes supporter, that you would help her prepare for the debate by playing the role of donald trump, is that true . Yes. Neil had asked had you volunteered . Not like i talk to him every day, and ask for my advice on Small Business, to go back and talk to my shark tank, and what was important to them, top to bottom, ranking them, she included a bunch of those things, and Small Business proposals, she is responsive in that. Neil the issue with the San Francisco 49ers, Colin Kaepernick sits during the national anthem, you defended him tweet researching the controversy, critics of his actions are wrong, you say he didnt throw a bomb or start a riot, he just sat there quietly. Others have interpreted that as why now . What do you say to that . It just happened now. I tweet theed the after that in terms of my family and my kids i will suggest i will require they put their hand over their heart and stand for the national anthem, the pledge of allegiance, god bless america. Warner the what if maverick voters doesnt do that . It is a choice. The point i was making in the first week, on this day and age we dont have a lot of civil discourse. We tend to punch and yell, we tend to shoot, nothing is positive. Colin kaepernick didnt put out a press release, he just didnt stand up. I respect somebody, if you are going to take issue with something particularly as important as standing for the national anthem, you can do it in a nonviolent manner, with so many other people creating conflict, causing situations that can lead to harm, not death, he did it in a nonviolent manner and i think that is a positive. The president defended his constitutional right to do this but on the constitutional right as tea party at the time, many of those groups ended up being scrutinized, is there a double standard on the subject of how far you put your constitutional right . If it is your political liking . You could take any side of that deal, i dont have an answer for you. I dont have a response. Charles between you and jack welch, details after a quick break. Have you talked about the disagreement . Got it. Neil keeping quiet. I am keeping quiet. Its a very specific moment, the launch window. We have to be very precise. If were not ready when the planets are perfectly aligned, thats it. We need really tight temperature controls. Engineering, aerodynamics a split second too long could mean scrapping it all and starting over. Propulsion, Structural Analysis Maple Bourbon caramel. Thats what were working on right now. From design through production, Siemens Technology helps manufacturers meet critical deadlines. I think thisll be our biggest flavor yet. When you only have one shot, you need a whole lot of ingenuity. We ship everything you atcan imagine. N, and everything we ship has something in common. Whether its e. Or shipped around the globe,. Its handled by od employees who know that delivering freight. Means delivering promises. Od. Helping the world keep promises. When you should be enjoying still payour retirement . Me if youve paid off at least 50 of your mortgage and youre 62 or older, a reverse mortgage might be the answer. A governmentbacked reverse mortgage stops your mortgage payments and gives you steady taxfree income. Let the home youve taken care of, take care of you. Turn your equity into a comfortable retirement, all while continuing to live in, and own, your home. Find out how much you could receive for retirement. Lendingtree when banks compete, you win. Neil mark cuban, i am not intentionally but pick a fight with a lot of folks, jack welch the latest when you were taking him on for attacking the Clinton Foundation, this idea those who helped the foundation had a pay for play reward and you wanted to prove it, he could prove it, he was throwing false accusations. Is that the gist of it . It was intentional to pick a war. I tried to pick a war with people who defend themselves but my point was not never talked to him. When he was the ceo of ge he was accused of a lot of things. I dont know what wasnt true but i would never accuse him without knowing the facts and that is what jack welch has done. He made accusations that the bureau of labor statistics with the Unemployment Rate was run by the guys in chicago, not the first time for him. I am trying to make the point that only the folks who have a foundation for what they are saying charles anything that looks weird about those who attended clinton events or those who gave to the foundation. You have to ask what is the market for getting a former president giving a speech, that is addressed. Ronald reagan paid more than 1000 a speech in 1989, give two speeches, secondly bill clinton made 250 k for a lot of speeches, i made 250 k for a bunch of speeches, he gets paid more than i do but he was right inside the market, not getting paid more or less than the markets. Neil this with the foundation that raises questions whether there is a pay for play relationship. A paper play relationship suggests gaining money to give a favor. In order to determine if there is any quid pro quo there has to be some money for the tradeoff. The former president of the United States who has a lot of experience creating Health Initiatives around the world and has a phenomenal brand, one of the best brands globally of anybody ever, for him to go to a foreign nation and save you give to my foundation i will provide you support, i will help you with your health initiative. You will be perceived in a more positive white because you are looking for me. Neil makes an appearance i wont waste your time. They have been investigated more than anybody, they turned over all their emails neil they didnt turn them over to get the latest stats we have. I want to make this point, the fbi talked to everybody she email theed do. Whenever you email, there are two sides, sender and receiver neil you have taken on carl icahn who has been very critical of the administration and regulation, how do you nothing to do a strangulated doesnt stop you from investing in the company. Rates can improve but the trump plan have you talk to each other . I love carl. We have done business together and tried to do more business together. He is a great guy. I look up to him, he is not always right. He knew the regulations, and something that couldnt be improved, the are i ins. Neil you know about the regulated industry, but it changes all the more, he spawned new regulations and strangles innovative investors. If you are an Energy Company you would invest in energy. On the margin cash helps but on the same time, donald trump has not released anything of applies to energy. Hillary clinton has not released anything as applies to energy, carl is in the dark for both, donald influenced or hillary is influenced, carl has no idea what will happen. Neil on the markets in general, a pretty good investor that we are in for a rocky fall. We dont know what we dont know. Their too many external influences, when there is uncertainty overseas, what money goes into treasury, where it goes if rates go higher or lower and the uncertainty of the election. I have my trump hedge on. In the event donald wins i have no doubt the market tanks. I literally have put on more than 100 hedge, put on stronger if it looks neil what is mark cuban doing in november . Of the polls look like theres a decent chance donald could when i will put a huge hedge on, 100 of my equity position that protect me in case he wins. What is so horrible about the prospect . I think all the uncertainty. We dont know what Donald Trumps plans are and all we know are a little bit about his immigration which tends to change on a daytoday basis and he will reduce taxes significantly. When we reduce taxes significantly there is a timeline involved. Everyone will put out anything until next year. And we will see a huge selloff, in stocks because people take advantage of any type of taxes and who knows if the flip side comes through. We go through 20 other things. Of all the things we can discuss, one thing markets hate is uncertainty, and on the global basis, all he has to do is say the wrong thing one time neil mark cuban, thank you for taking the time. So glad you are back, continued health. When it comes to healthcare, seconds can mean the difference between life and death. For partners in health, time is life. We have 18,000 people around the world. The microsoft cloud helps our entire staff stay connected and Work Together in real time to help those that need it. The ability to collaborate changes how we work. What we do together changes how we live. Always has to be who sat your desk . Phone now, with one talk from verizon. Hi, pete. Im glad you called. announcer vo all your phones can Work Together on one number. You can move calls between phones, so conversations can go where you go. Take your time. Im not going anywhere. announcer vo and when youre not available, one talk helps find the right person who is. Hi, john. announcer vo so wherever work takes you, you can put your customers first. Introducing one talk another way verizon connects your business better. Learn how at onetalk. Com. And i love carl, weve done business together and tried to do more business together. Hes a great guy, i look up to him, respect the hell out of him, all right . But hes not always right. Neil mark cuban going after famed investor carl icahn over his preference for the Energy Industry, highly regulated Energy Industry as mr. Icahn puts it and nothing the administration has done or Hillary Clinton proposed has changed his mind on that. Mr. Icahn is on the phone. Good to have you. What do you make of what hes saying . Mark cuban, you mean . Neil yes. I missed and you im so glad youre back. Neil thank you. This isnt about me and mark cuban. I like him a lot, known him for years, i wish i knew him better, hes accomplished a lot. Hes made remarks and he has a right to, about my backing of trump, and you know he has a right to do it, and i answer those remarks and i answered them again, and i dont think i answered it again and maybe he did. I dont want to get into a fight with a guy i like, you know . There are enough people i dont like. Im not a shy guy. Neil i know youre not. He just sees things differently when it comes to mr. Trump. Yeah. Its all right. Neil you know, i guess referring to you, that you wouldnt hire trump unless you were short the company. What do you make of that . I didnt know he said that, and, look, he might have said it in a moment. Thats ridiculous on the face of it, if he did say it, but he has a right. Sometimes he gets emotional. I certainly would hire trump. I know trump for years, i think hes a very smart guy, and frankly at this point, you know this election is not about individuals. You know, individuals over the years have surprised us. Youve gotten great president s who people thought would never make it. I think harry truman did a great job, and you see others like that, and the thing that this is all about is the economy, and we really have a very troubled economy. This country is really on the brink of a precipice. Now, will we make it . I sure hope so. Were a great country, buts difficult when youre a democracy and you have a gridlock congress, and we have do something about it, and unfortunately, our government is gridlocked and its not doing anything. I fought for a while, i dont get into politics as you know, neil, i thought for a while there are true absurdities, you are not repatriating 2. 6 trillion because the republicans and democrats are having a food fight is absurd. I respect a lot of guys in congress, lot of senators are smart guys, but we have to do something about this or we really and we already have major troubles, janet yellen and the fed are holding this economy up by a string with zero Interest Rates, which are causing huge bubbles already. Neil do you think the bubble burst or could get pricked this fall . Some are worried that the bond market looks certainly like a bubble. Real estate could be back in bubble terms that could transpire. You know something . If youre an astute investor and youre not worried, theres got to be something wrong with how you look at investments. You have to be worried in that stuff. And many of the guys i really respect are very concerned. Mark himself just said well, he was worried if donald gets in. Neil yeah, hes hedging, hes hedging. Im hedged now. Neil 2008type phenomenon . I tell you this, im not looking to pat myself on the back, but i called that housing crisis. I talked to people in washington, and everybody closed their eyes to it. You know now, i got to tell you one salient point. Hillary said in one of her speeches, and i have nothing against hillary, look all that stuff with the emails amazes me. But i do know about economics, i know about markets, and she said rightly so interestingly to get this economy going, she said Something Like this, i dont keep this stuff and i dont remember, but you know verbatim, but i will tell you this, she said you know, you have to unleash the great power of corporate spending. Something like that. And that is true. Our companies are spending no money, really literally no Capital Spending, she says that, and in the next breath, she says but were going to tax them and keep regulating the hell out of them. Might not have used those words. How are you going to get companies to spend again . There are really good regulatory agencies, but there are many too many that dont had dont understand the economy. Neil mark cuban fears the markets would tumble on his election. I know its a mug scheme, carl, you dont like to play the games. Lets say donald trump is elected president in november, would the Immediate Response in the markets be panic of the unknown and quick selloff or no . I really will say i dont think there is anybody smart enough in this world, too many unpredictables to predict what happens when you get a president , i dont think you can guess him. I think its like going to vegas and betting. Somebody is good, they picked ten reds in a row. Wow theyre geniuses, its absurd to try to pick that. Let me finish a point im trying to make. We have today regulatory agencies, somewhere good and somewhere doing their job, i respect them, and you need laws and you need order and you need regulation, but in some cases theyve gone off the reservation, you take the epa today. Ill give you one little example and i have an agenda because i own refineries. Forget i have an agenda, you can say nobody is going to feel sorry for carl icahn and theyre right not to feel sorry for me. You take the regulatory agencies, ill tell you something people dont understand because its complicated and something out of alice and wonderland. At the epa and ill say who, there is a woman janet mccabe who runs the whole program as far as the Clean Air Act goes. She runs how the epa polices it. Im sure shes a right woman. If you look at her resume, no business experience, doesnt have any understanding in the markets. What she bases what shes done on a report written by a chemical engineer, but heres the thing thats hard to believe, and im going to tell it to you, this is why corporations dont invest, the fear is rationale like this is going to happen again. They decide in their wisdom, the epa, you have to make sure a certain amount of ethanol is blended. Ill make it as simple as possible. Neil you confused a lot of people. Were coming to a break, i want to bring in more Corporate News. More carl icahn after this. Is it a caregiver determined to take care of her own . Or is it a lifetime of work that blazes the path to your passions . Your personal success takes a Financial Partner who values it as much as you do. Learn more at tiaa. Org. One of many pieces in my i havlife. Hma. So when my asthma symptoms kept coming back on my longterm control medicine. I talked to my doctor and found a missing piece in my asthma treatment with breo. Oncedaily breo prevents asthma symptoms. Breo is for adults with asthma not well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Breo wont replace a rescue inhaler for sudden breathing problems. Breo opens up airways to help improve breathing for a full 24 hours. Breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. Breo is not for people whose asthma is well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. Once your asthma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma control medicine, like an inhaled corticosteroid. Do not take breo more than prescribed. See your doctor if your asthma does not improve or gets worse. Ask your doctor if 24hour breo could be a missing piece for you. See if youre eligible for 12 months free at mybreo. Com. This is Connell Mcshane back with you in the newsroom. Time for the fox business brief. We have news on the potential for a deal between bayer and monsanto, willing to pay more than 65 billion for the seed company monsanto, sweetening their offer. There is a question will the Justice Department let this happen . Weve seen a trend here weve been reporting on as we look at big deals being held up. Anthem and cigna 55 billion, still hasnt gone through. Aetna and humana, hasnt gone through. These have been called off by the government or a Justice Department, staples and office depot. The big deals would make for a less competitive environment. More cavuto coasttocoast with neil cavuto and carl icahn after a quick break. Upgrade your phone system and learn how you could save at vonage. Com business. Neil probably not a big surprise here, new York Attorney general says hes going to launch antitrust investigation over mylan over the epipen pricing issues. Carl icahn on the phone. Im veering off what we were just discussing. What do you make of this now and state general looking into this . Youre talking about mylan . Neil yes. I talk about what i study and i know. I owned mylan many years ago, i may have an opinion, but im not going to get into it. Neil downing the government has a role if its deemed it an urgent product like epipen is being prohibitively priced . You know, you got me onto discuss what i think about the election and the big picture, im not getting into that. I mean, there are people that are much better able to discuss that with you than i am. Ive done well in the far ma business over the years, i think i talk about what i know, people talk about too many things, maybe, and im not going to get into it. Id like to get into what i was talking about neil if youll indulge me, i want to get into the broader theme about some Corporate News goinga, apple more to the point. A big announcement tomorrow, its coming out. Where are with you apple right now . We dont own it at all. Neil no shares at all . No shares of apple. I think its a very good company, and, you know, we made a big profit on it, and im not going to tell you apple is not good but i am relatively bearish on the economy. I was getting to the reason why in the big picture and you keep trying to veer me off of it. Neil im sorry about that, things are tight, on the economy, you seem to say its getting long in the tooth, right . I think in our economy you dont have Capital Spending, you dont have Capital Spending because in certain cases one of the major reasons and i think Stuart Varney spoke about it earlier today on your program, and actually you know Stephen Moore was on with him and it was interesting, i and think hes right. You have to lower, maybe you have to lower taxes, but the point they think is even more important to get Capital Spending back, you have to not do irrational regulations and this is what the epa is doing right now. Thats one example of the rationality. Now, there are good regulations, if you the but the problem today, neil, if you look at it, we all wonder, and the pundits wonder whats going on . Theres no productivity. You dont have growth even with zero Interest Rates, and ill tell you whats going on in my opinion, that corporations are afraid to spend money. Theyre not buying new machinery, because theyre worried that theyre going to get overregulated. You need regulation, you need safety, but you dont need a bunch of people in there telling you how to run your companies. Telling you how you must do this, you must do, that must do this and you have no experience. Today, my example, which is completely rational, that is the refinery, they decide in their great wisdom, refineries must be responsible for blending, maybe its an arcane point, but you know what its doing . Putting a lot of refineries out of business. The epa decided you must be responsible to blend ethanol when nobody will buy blended ethanol. Neil it hasnt steered you from investing in that sector. Well, i wouldnt have invested in it if i knew that was a regulation. We didnt know that. Neil so they changed the rules in the middle of it . And they change them and adjust them, so forget me. Lets take me out of equation, im a rich guy and can afford it. What about the smaller refineries that are going out of business that are going to be back up. You know whats going to happen . Big oil has succeeded in what they could never do before. The epa big oil is going to be the giant in that business, theyre going to be an oligopoly. Everything we could have done something about is now happening. You were way ahead on that. I remember that distinctly. Could i switch gears on herbalife. I surprised a lot of people when i heard you bought 2. 6 million more shares of the company, and it came at a time when bill ackman, the big investor was thinking you were going to sell him a stake in the company. Where are you ackman, first of all, went on tv and started talking about the fact that an investment banker called him saying my stock was for sale or something to that effect. You know i never offered my stock to anyone, plus the fact that you sort of violated a rule there. I get business all the time, i would never talk about business i get for my stock. This is completely off the record. You violated that code on tv plus the fact i never made an offer on my stock, plus he went out and said i really wanted out, they was disenchanted with the company or Something Like that. How can somebody talk about what another man thinks . Its incredible. Neil you guys talk to each other on this . Who . Neil you and ackman . No. Look, i sort of you know, sort of, you know, have a truce with ackman. Look, i have nothing against the guy, at this point week had a fight many years ago, but we talked maybe talked about a year ago, i remember talking to him at the u. S. Open or Something Like that. Neil obviously, you are doubling down a little bit, you are committed to it. Where are you going with this . Well, you asked me where im going. I have to be careful, but obviously i bought 2. 4 million shares well, ive said it publicly, i think the company is undervalued, and i did say, ackman too said i was basically not telling the truth. Hell say anything, i got the right from the government to buy 35 of the company. Ackman said i will never buy another share. I was doing to get the stock up. Here i bought 2. 4 million shares, we bought a little bit more, we announced on friday, and so, look, i think its a very i said it for three years, i think its undervalued. I cant say more than that because were on the board. Neil finally, let me ask you, if donald trump does become president and says carl, i need you in my administration, what would you say . Id be in the kitchen cabinet. Id be willing like andrew jackson, i guess, id be happy to talk to him, advise him and discuss things with him. Im not going to washington. Too late in the day to go to washington and report to anyone of ive never reported to anyone in my life. [ laughter ] carl, i want to thank you very much. My first day back, it was nice to chat with you. Appreciate it. Good talking to you neil, glad you are back. We missed you, okay. Neil i appreciate that carl icahn. Far from leading still in, still active and at 80 years young, still kicking. Much more after this. Whos with me . Im in. Im in. Im in. Im in. One, two, wait, wait. Wait wheres tina . Doing the hand thing . Yep we are all in for our customers. Ally. Do it right. Remember here at ally, nothing stops us from doing right by our customers. Whos with me . Im in. Im in. Im in. Im in. One, two, wait, wait. Wait wheres tina . Doing the hand thing . Yep we are all in for our customers. Ally. Do it right. Neil all right. Well, you know Stuart Varney is a big deal when carl icahn is quoting his show. Now, im sure carl is talking about my show. Okay, he wasnt. Thank you, stuart, for all your hard work in my absence. What do you mean by that . Great seeing you. Neil same here, my friend. You know whats interesting, i dont know if youre hearing this from your guest, yet another rich guy, two rich guys from opposite ends politically, mark cuban and carl icahn worried about a fall event, politics notwithstanding that the market is paraphrasing here, long in the tooth. Regardless of politics, regardless of the election and its results, i can share that concern. The Central Banks around the world have driven Interest Rates to zero and below. Theyve printed money. Nobody has come up with a way of stimulating private enterprise either in europe, japan or the United States, and thats whats missing. I think trumps analysis, he gave it just the other day is accurate. It is to some degree a false economy. Because janet yellen has financed president obamas lowgrowth policies. Financed his failure of economic policy. Now, whats going to happen next . What happens . Youve got all the Central Banks keeping this zero Interest Rate policy, some are printing money, some buying corporate bonds, all acting together, no government anywhere neil icahn called that a bubble. How do you argue with that . A bubble in bonds . Not sure of the definition of that. Theres something going on, i cant put my finger on it, but its a great source of concern. Why is it that no government in europe, japan or the United States has prepared to bite that bullet, lower taxes, and lower regulation. Why arent they doing that . Because thats the one avenue thats left untested, untried, as we go through the morass of 1 growth. Neil i know took a beating in elections, expected to see that next week in elections in germany, italy, portugal, spain have, similar elections where rebellious candidates, extreme conservative candidates for a better term very concerned about the immigration issue. Very trumpianlike, whats going on here . I think you are witnessing the slow but steady breakup of what we call the european union. Thats the political and Economic Union of major European Countries all tied together with the euro and the economic tax policy. Its breaking up, its over. Merkel finished third in the poll over the weekend and that was her home state by the way. We just heard that austria, the reason for the fallout against merkel is that shes the one who opened the doors in september of 2015, about a year ago, saying come on in a million migrants. That changed germany forever. She didnt ask anybody else about it, and the migrants are free to go all over europe. And its really turned the political tide. People are saying wait a second, we have every right to determine our or future, thank you very much, and you better ask us about it. Strump saying very much the same thing. Neil isnt that fortress europe, some can deem it fortress america . I think theres a difference in the sense that europe is challenged by the migrants in a way thats never been challenged before. Merkel opened the door, and they are free to go all over europe without hindrance, no borders, and another three million ready and willing to come in and want to come in. Thats why when you say the expression fortress europe, its understandable, i dont think its understandable in the american context, were not facing the same challenge or threat. We can manage our situation here. Yeah. But we can manage what weve got here. The europeans cant. In austria, for example, we just learned 11,000 crimes committed. 11,000 migrants have committed crimes this calendar year, enormous proportion of the migrants who come into austria. 90 of the migrants have disappeared, theyre all over the place. 1100 sex crimes committed in col cologne on new years eve by migrants. If youre a european, you are thinking what is earth is going on in my continent . Hence the fortress europe, keep them out throw them out mentality. Its ugly but inevitable when a continent is faced with the radical, cultural, religious change unannounced and unasked for. Neil you know what i learned . What did you learn . Neil why youre kicking cnbcs butt. Tell me. Tell me. [ laughter ] it was just a general kind of a point. Were doing very, very well. Neil indeed you are. And very happy about it. Are you surprised . Neil challenging them. Were happy and grateful. Neil i hear you are relentless with your staff and abusive and tough on them. You dont give them a break. I hear music playing. Theres a break coming. Get me out of this. Neil congratulations. Welcome back, neil. Youre a good man, i dont care what they say. Neil there we go. Stuart varney telling it like it is. Again, just watch his show, watch cnbc, with the sound down sometime. Its like a hostage state, thats what im saying. I dont know. Neil in the meantime, youve seen the polls out, the latest one that shows donald trump virtually even with Hillary Clinton but that does not quite take into account the electoral vote which is how we finally elect our president s, and in that Hillary Clinton has a comfortable lead. For now larry sabato says that is the name of the game, the professor with us now. Good to have you. Neil, i got to say youre a sight for sore eyes. Everybody has missed you. I certainly missed you. I want to tell you one thing, when i travel and im in airports, people have come up to me and asked me hows neil . And ive always said without really knowing, hes great. Because i knew thats what you would want me to say. Neil no, no, no, no, professor, id like to leverage a little sympathy here. When you tell people hes great, they dont feel sorry for you anymore. Well, that was my purpose. [laughter] i didnt want people blaming me simply making bets with you that you lose. I did not want that to happen. Neil you were right to do that. You were right to do that. You remember the only saturday night live line, you look marvelous, and you do. Neil you look marvelous ive always loved to you death, professor, and got to get your take on this. You say it and i step as my insight and use it on future shows. Heres what i dont understand. I know we in the media glom to the polls. The latest cnn poll shows the race narrowing. Smart guys like you remind me the 1960 race was close between john kennedy and richard nixon, not when it came to the eltoral votes. That is when Hillary Clinton had the distinct benefit, even now, right . Absolutely true, and again, your memory amazes me going back to 1960 which was essentially a tie in the popular vote and yet john f. Kennedy got over 300 electoral votes. If you look just at the swing states, heres the real conclusion. Forget about whos ahead in any given state, donald trump only has a couple of pathways to 270, i mean a minimal 270. Hillary clinton has, by my count, 7 or 8 pathways to 270. Now thats not to say in the end donald trump wont be able to get one of the two pathways to work but means Hillary Clinton has so many opportunities and so many more states to put 270 together. That at least as we round labor day, she has the edge. Neil now, what happens at this stage, i know were just at labor day here and past that, still early, races can change, momentum can change, but it does seem, and i know it moves week by week, that she was riding high, doing well, he was stumbling, like a gaffe a day, and then it reversed, or she cant right herself. I know the swing is between campaigns, but does she have to worry . In other words, nationally the popular vote is narrowing, does that eventually mean the electoral vote or like in these battleground state polls, that could start narrowing and she could be in trouble . Well, sure, if she continues to lose ground in the popular vote, its eventually going to affect a lot of the swing votes. Shes still ahead a little more than three points in the polling averages, thats what i rely on. Weve learned over the year, neil, never cherry pick polls, because inevitably, we pick the poll that reflects our views and say hooray. Neil you are right. The one thing that is consistent when you looked at moving average ones or however, it has narrowed, could you see the possibility of a blowout election for either one . Well, look, there are a lot of things that could happen between now and november 8th. You were talking with Stuart Varney about the economy. Thats one. Terrorism is something else. There are things that could happen that could change the equation. Whats basically happened, neil, is Hillary Clintons very substantial convention bounce has finally faded. Now were back to where we were in june before the two conventions were held. Neil yeah, do you think that donald trump, because expectations are so low for him going into the debate, thats actually helping him . Ill tell you whats helped him. He has been very active, very visible, doing things like going to mexico and going to louisiana, and Hillary Clinton dropped out of sight to raise money. And its okay to raise money, she has to raise money, both candidates do. But i dont know why they couldnt have had more events and tried to generate a headline. I think thats part of it. Enthusiasm is the other part of it. You and i and Everybody Knows that the trump people are about as intense as any group of people ive ever encountered in politics. Neil youre right. Hillary clintons broad body of potential voters is larger, but they arent as enthusiastic. You can see it in minority communities, you can see it in university communities, young people, aftricanamericans, others arent as enthused. She has to do something about it. Neil if we have a bet as to the little operation i had, i think rather than ice cream we move to frozen yogurt. Not only frozen yogurt, neil, im telling you right now, im letting you win. Perfect thats the way i feel about it. Neil mark it down, the professor is letting me win which is the only way i will win. Thank you, my friend. I welcome your support and kind words, be well, all right. Thank you. Neil the guy is a genius, i have to admit that. You heard what mark cuban had to say, donald trump wins, market crash, really . I have no doubt in my mind the market tanks, so i literally have put on a more than 100 hedge that ill put on stronger if it looks theres a better chance as we go forward. Neil im not a gazillionaire, the former Sun Microsystems cofounder sort of like an industry svengali, scott mcnealy. What do you think of what he said . I think if he knew, he would just be an investor and wouldnt be off doing these other things. Nobody knows, and anybody who says they knows is arguing a point, which is fine. Neil you know, there is this one thing i was telling our guest prior, scott, is that mark cuban, carl icahn, two guys politically on the extreme of each, yet very fearful of a fall event, that something could happen, not necessary leaf the magnitude of 2008, but but very bubbly, very much a concern. Are you concerned . You know, i wish we had two better candidates out of the 350, i dont know how many people we have here, these are the best two we could come up with . We had a chance to vote for the best candidate everybody will have a chance to vote for in mitt romney. You cant script it i think he was too well scripted as a candidate, and people said it cant be true. You know, i think you have a really tough choice. You have one who does things thats really disappointing and scare me, and the other one that says things that disappoint and scare me sometimes. I think you can fix what people say, i dont know that you can fix what people do. The best ceo is worse than the best politician. My choice doesnt matter, im in a one party state in california. It doesnt matter who i vote for. Maybe vote libertarian to make a point because its not going to hurt donald and its not going to help hillary in any way. Its really, really unusual that this is the best we could come up with. Neil it is weird, this process that yields these results. Your old friend mitt romney is sitting this one out. Hes not inclined to support donald trump at all, but what does that say about so many in the Republican Party who might who might be hurting and spiting only themselves . You know, theres an argument that says the left has no shame and the heck with it, were totally supportive, and the right actually really does have some true conservatives that believe in less regulation, personal responsibility, Smaller Government and liberty, and those arent words they may be feelings that trump has but arent words he spews out regularly. But im sort of proud of the conservatives for at least having a little bit of remorse that this is where we are. I wish i saw more remorse on the left for where they are, which, you know, is i dont know, a long history of i dont know what to call it, just really strange conduct that makes me very nervous when you have large governments. Neil lesser of evils deal for you, right . Absolutely. Neil interesting. Scott, always interesting having you, thank you for taking the time. Thank you. Neil scott mcnealy. You have been hearing a lot about Vladimir Putin. Do you ever see this frozen face death stare he and barack obama had in asia . Now there is more and more proof that the russians are indeed mettling in this election and specifically with democrats in this election. The former Homeland Security boss Michael Chertoff on that and the implications for all of us. After this. When it comes to healthcare, seconds can mean the difference between life and death. For partners in health, time is life. We have 18,000 people around the world. The microsoft cloud helps our entire staff stay connected and Work Together in real time to help those that need it. The ability to collaborate changes how we work. What we do together changes how we live. Are you or your spouse saved enough for retirement . 62 or older . A vemebacked reverse mortgage enables you to turn the equity youve built into the retirement you deserve. With over 20 years in the mortgage business, lendingtree allows you to compare free reverse mortgage offers with no obligation. Just go to lendingtree. Com or call now to get started. Live in your home and get the steady income you need. Enjoy your family. Your home. Your life. Lendingtree when banks compete, you win. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. And if you have more than one Liberty Mutual policy, you qualify for a multipolicy discount, saving you money on your car and home coverage. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Neil leading aside, if this was professional boxing death stare before the main event, there was no event. These two, barack obama and Vladimir Putin could not agree on a syrian policy so we dont have one. It comes at a time we had pretty clear proof the russians are interfering in our elections the degree to which tampering with document and emails gets complicated here. The bottom line is its scary stuff whether you are republican or democrat that they could do this. To former Homeland Security secretary Michael Chertoff on the tensions and what they mean. Secretary, very good to have you. You know, right or left, this just is wrong, but they seem to be able to do it with abandon, huh . Neil, first of all, good to be on the show. You know, theres a history of the russians actually trying to affect and interfere with election in other countries. Weve seen that in europe where they used a variety of techniques to spread misinformation or to attack people that they dont like or even to put out information that is damaging that theyve stolen. I cant say its shocking to see it here but it is very concerning. Neil maybe help me with this, the russians keep saying were not behind this but were okay with it, were okay with this stuff leaking out and coming to democrats. But no similar zeal to target republicans which leads me to think that maybe Vladimir Putin would prefer donald trump Hillary Clinton. I dont know if thats a good or bad thing but very revealing. What does it tell you . Well, let me begin by saying, i think the experts have come out and identified a strong likelihood that the russians were involved in hacking into the Democratic National committee. Now i will tell you historically weve seen Foreign Countries hacking into databases of both republicans and democrats because they want to see what policymakers or potential policymakers are thinking. What was difference about this was that some of this information wound up in the hands of wikileaks with the pretty clear expectation wikileaks was going to put it out there. Thats moving from simply collecting information to actually trying to affect public attitudes. So if you look at what has happened up to now, most of what has come out in the public arena through wikileaks is damaging to democrat us and could draw the conclusion whoever is putting this information out through wikileaks wants to hurt the democratic candidate. Neil why . Is it assumed donald trump is better for them . Couple things, first of all secretary clinton is experienced, a track record with the russians. Shes been tough with the russians and im sure for that reason the russians would rather not see her cross the table again. I alsohinkbovend bond at tir pferee mabe i e ouome thelectn, i thinthers a nuinbenet to the russians in creating upheaval and disconcerting the american electorate and the american process. The russians in my view wrongly believe we tried to influence their electoral process. When we speak about human rights or the importance of democracy, they view that as tampering with their electoral process. They may be viewing this as turnabout. Theyre going to do to us what we imagine we do to them. Neil sunday is the 15th anniversary of 9 11. Voters now, this struck me as odd, it is what it is, theyre more worried about our security, more worried tha inkre apl rs an terms of the risk a largescale plot along the lines of september 11th or the plot to blow up airliners we frustrated in 2006, we are safer against that plot because weve built robust intelligence collection and analytical capability that would detect some kind of big operation. What i think has changed now is terrorists have moved into a lot of lowlevel terrorism, what i call crowdsourcing terrorism where. They either have relatively smallscale plots or encourage hooem people who are their supporters to go out on their own and to freelance, so it looks like we have more incidents even though the scale of the incidents is much less than september 11th. This is very hard to stop. As weve seen historically in this country, if someone gets ahold of a gun, and whatever their motivation is, they choose to kill people. Its hard to stop that altogether. Sometimes we can stop quickly and suppress it but to absolutely eliminate it is never proven a possibility. We have to adjust to a world where we have the small plots against soft targets particularly in europe in the last year. Neil secretary, i thank you, i think, scary stuff. We appreciate you taking the time. Good to be on. Neil Hillary Clinton is starting to talk to reporters, but for how long and whats she saying . Neil all right. Hillary clinton was just speaking to reporters, something shes been criticized for not doing enough, and among the issues she raised were the tax returns. She said she has submit hers for years, donald trump has yet to do the same and that it must mean, quoting here, he has something to hide. There are other things that are coming up in that including the release of all these emails that she has told reporters, nothing there. Look the other way, move on. Florida attorney general pam bondi with us right now to respond to that. What do you think of what shes saying, move on, nothing here . Oh, neil, of course shes saying that because theres so much there. I mean, for it to come out that the secretary of state of the United States of america didnt know what c meant, that she didnt know it meant classified is absurd. Its absolutely absurd. And that she didnt Pay Attention to certain classification levels, that the secretary of state had 13 mobile devices and 5 ipads . Thats unheard of. And i agree with rudy giuliani, i believe its criminal. Absolutely. Neil i dont know whether its she obstructed justice. Neil theyre going after donald trump and specifically you over his failure to disclose a 25,000 contribution a few years back in 2013 to a Political Group that was connected to you and whether to open a Fraud Investigation against donald trump that this smells bad, according to one clinton official. What do you say . Smells bad. Well, let me tell you, i will not be Collateral Damage in a president ial campaign, nor will i be a woman bullied by Hillary Clinton. This is about her trying to deflect everything she did as secretary of state. And as you saw, weve seen a retraction notice to newspapers who have printed anything about this as absolutely untrue. And Hillary Clinton will not bully me. Neil all right. So back to this if youll just indulge me, they said that you personally petitioned for this money to mr. Trump himself. Thats not true . No. This is about, what she is saying is about no. Of course i asked donald trump for a contribution. Thats not what this is about. She was saying he was under investigation by my office at the time and i knew about it, none of which is true. Neil but the fact that he did not disclose that contribution led many to believe that there was some, some payforplay influence here. Was there . We immediately, we immediately disclosed it, of course, on our reporting 25,000 from donald trump we reported it, and he reported it through a different entity which had the almost identical name if not the same name as my entity, my pac. And so they cleared that up with the irs. They reported it, but through a Charitable Organization by mistake. Neil do you think in florida with marco rubio winning the republican nomination to recapture his senate seat or hang onto it that it was deemed a setback to trump insofar as the state is not friendly to donald trump now and that moderate forces, not those, you know, gather populace rage like trump are going to succeed . Oh, no. I think donald trump is going to do great in the state of florida. I think our military support him, i think absentee ballots are very important in florida. They always have been and always will be. And i believe it shows that marco rubio, of course, won the primary and will be our next u. S. Senator as he should be, and yet donald trump overwhelmingly won the president ial primary. So, no, i dont see any disparity there, neil, at all. Neil all right. Pam bondi, thank you very much for taking the time and, neil, welcome back. You look great. Its so good to see you. Welcome back. Neil thank you. Your eyes must be burrly, but i do appreciate that. Pam bondi, the attorney general of the fine state of florida. Do you ever see these studies that show the huge chasm between the rich and the poor . This says something about statistics, and they can play silly games with you. Legendary economist thomas seoul says those kind of games are costing us a lot of money. Hes next. He ran that company. I get it. But you know i think you own too much. Gotta manage your risk. An honest opinion is how edward jones makes sense of investing. With toothpaste or plain water. An their dentures and even though their dentures look clean, in reality theyre 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. Thats why dentists recommend cleaning with polident everyday. Polidents unique micro clean formula works in just 3 minutes, killing 99. 99 of odor causing bacteria. For a cleaner, fresher, brighter denture every day. Neil you know, one of the things i love about reading Thomas Sowell is he makes you think about conventional wisdom, turns it upside down. He has a book out now in which he grapples with a lot of the, i guess, economic facade stats that are thrown at us including the raging gap between the rich and the poor. Not to belabor the point, but one of the things that thomas points out is that it serves a purpose to refer to this chasm and pound it because it means more government involvement to help supposedly those on the shorter end of the stick. The language jend dare legendary economist with us right now. I guess what comes through loud and clear is that theres a predisposition then to say the government must fix this, the government must right this, when you make the point there are far more richer people now than years ago and fewer poorer people. Im trivializing, simplifying, than a few years ago, right . Well, yes. I love it when people talk about the haves and the have nots when the have nots of today, socalled, have things that even the haves didnt have, you know, a generation ago. For example, most of the people below the official poverty line, they have things like automobiles. Most people in official poverty own at least one motor vehicle. They have cable television, they have of multiple tv sets, they have airconditioning which i didnt have until i was well into my 40s. And it was only a window air conditioner at that. Were not talking central airconditioning. But i think things that really drive me crazy are household incomes. I was looking at some data last night from the congressional budget office, all sorts of stuff based upon household incomes, the top and the bottom. And what most people who throw around those statistics dont understand is that there are literally 29 million more people in the top 20 of households than there are in the bottom 20 . In other words, the number of households is the same in both categories, but the number of people varies by 29 million. Which is more than the combined population of new york, los angeles and chicago. Neil but by continuing to foist that, you make an argument for the government doing anything and everything to fix it, right . Well, and many of the problems have been exacerbated by the government itself, and thats nowhere truer than in california where theyre now once again wringing their hands about a lack of affordable housing. Well, the very people who are doing that are the ones who are making the housing unaffordable by having vast amounts of territory in california off limits to the building of housing or anything else. Neil do you look at this contest, this president ial contest whatever your political feelings as a battle for more government or less government, you know . You have one candidate whos arguing government can fix things, make things better, and use this to support her argument im talking about Hillary Clinton that it has certainly helped in the last eight years versus donald trump, i know hes kind of all over the map on some of these issues, but basically that government can do a bit too much and actually manufacture a mirage . Where are you on this . Well, the government certainly manufactures a lot of mirages. One of which in the housing situation, theyre constantly talking about how deregulation is what led to the housing crisis. Well, no, it was the imposition of incredible amounts of regulation, all in the wrong direction that led lenders to be forced by the government to lend to people who couldnt pay them back. Be. Neil if you dont mind, i dont want to appear patronizing, but as an africanamerican when you go before lets say africanamerican audiences, by and large monolithic democratic group, how is that ever shaken . How do you explain there is an alternative or there is a different way or this type of thinking has failed you . What do you do . Well, actually, i havent gone before audiences of any color for well over a decade. I left the lecture circuit and do not miss it in the slightest. [laughter] so i simply write for whoever wants to read it. And i think its, i think people who are saying that donald trump should go into black neighborhoods and go before the naacp are getting it all wrong. The naacp does not own the black vote. He should approach blacks as he approaches everyone else. Black people read the newspapers, they watch television, they even listen to the radio. Neil but monolithically, 95 of the time they go democrat. How do you change that . Well, part of that is because the republicans have had, have had either nothing to say or nothing to say that was the least bit thoughtful or worthwhile. If if you dont put up a fight, the other guys going to win. Neil thats very well put, Thomas Sowell. The book is wealth, power and politics. He turns conventional wisdom upside down can. Thomas, thank you. Thank you. Neil all right. In case you missed it, Hillary Clinton was talking to reporters. Didnt spend a lot of time talking to them, but she did raise in the back of the plane, her plane, this whole Clinton Foundation brouhaha, much ado about nothing. I want you to meet a guest who says no int so, not even close. Finish ur customers. Whos with me . Im in. Im in. Im in. Im in. One, two, wait, wait. Wait wheres tina . Doing the hand thing . Yep we are all in for our customers. Ally. Do it right. We are all in for our customers. Its a very specific moment, the launch window. We have to be very precise. If were not ready when the planets are perfectly aligned, thats it. We need really tight temperature controls. Engineering, aerodynamics a split second too long could mean scrapping it all and starting over. Propulsion, Structural Analysis Maple Bourbon caramel. Thats what were working on right now. From design through production, Siemens Technology helps manufacturers meet critical deadlines. I think thisll be our biggest flavor yet. When you only have one shot, you need a whole lot of ingenuity. Im jeff flock with your fox business brief on a farm here in illinois where the price of beef on the hoof, take a look at the fiveyear chart, dropping again today to an alltime, fiveyear low. Feeder cattle at the cme down to 1. 30, a drop of 2 again today. You know, cattle herds got real tight as a result of that drought in 2011. People reduced herds. Consequently, the price went up. Well, now its come all the way back down. Part of that also is because now cattle feed, pretty cheap. Look at all the corn in that. Thats corn and soybean. Were going to have another record harvest this year as a result of just great weather, great crop. And so the cost of feed be much lower. Thats your fox business brief. Im jeff flock in sandwich, illinois. Neil is back and better than ever after the break. You know, the fbi resolved all of this, their report answered all the questions. The findings included debunking these latest conspiracy theories. I believe i have created so many jobs in the sort of Conspiracy Theory machine factory, because honestly, they never quit. They keep coming back, and heres another one. Its been debunked. Neil well, that is news to judicial watchs Chris Farrell on this. I apologize. Little slow at the start here, youre being with me, i appreciate that. Chris, im looking at this, and what shes saying is much ado about nothing, everyone calm down, releasing all this stuff, getting this out theres no smoking gun, nothing smoking period. So guys like you have to just calm down, what do you say . We look forward to taking her sworn declaration in the form of written interrogatories at the end of the month. Thats been ordered by judge sullivan. Clearly, the judge doesnt believe its a Conspiracy Theory s and what shes choosing to select or choosing to attack a judge selected by her own husband. Neil you know, youve been relentless, your organization, to get to this point where this stuff is being released. Now you have to comb through it when it is. What do you expect to find . I think whats most interesting is what comes out of the fbi 302 or summary reports inas tt weekend, on friday, and that really demonstrated that the fbi punted. Director comey disgraced himself. I think that the result of the report will be an institutional embarrassment for the fbi. There were no followup questions. Mrs. Clinton was never presented with documents that she had to sign like her nondisclosure agreement in order to explain how it is she developed this sudden amnesia. Theres a lot to the story. Theres everything that she said earlier, theres what were going to get her under oath on, and thats someone no one else has done except for judicial watch. And then therell be additional disclosures and records, therell be whistleblowers, i believe, out of both the fbi and the state department, and lastly, this sort of this wildcard. Theres things that may come out from Julian Assange or other hackers or who knows what. But when i think people line it all up and they compare the everchanging story and the really pathetic halfhearted investigation by the fbi, they will be shocked. And im critical of the fbi because im a former special agent of army counterintelligence. Ive done National Security crime investigations. Ive put people in jail, and ive stopped foreign intelligence agents from spying on headquarters u. S. Army europe. So im not guessing at this, ive done it for a living. Neil scary stuff. Well watch. Im sure Hillary Clinton is taking note. Chris, thank you very much. Thank you. Neil you know, carl icahn, besides amusing on the latest politics du jour. Had something to say about herbalife and the guy behind that investment. Big stuff. Th breaktherules kind of stuff. After this. At temenos, with the microsoft cloud, we can enable a banker to travel to the most remote locations with nothing but a phone and a tablet. Everywhere where theres a phone, you have a bank. Now a person is able to start a business, and employ somebody for the first time. The microsoft cloud helped us to bring banking to ten Million People in just two years. Its transforming our world. Perfect driving record. Until one of you clips a food truck. Then your rates go through the roof. Perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you twentyfour seven. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. First of all, went on tv and started talking about the fact that an investment banker had called him saying my stock was for sale or something to that effect. Neil right. You know, i never offer my stock to anyone, plus the fact that you sort of violated a bit of a rule there. I would never talk on tv about business i get from my stock, you know . Neil interesting. So did bill ackman maybe break some rules along the way . Charlie gasparino was listening he violated kind of a law, a rule. Neil why does he sound like Rodney Dangerfield . [laughter] i dont know if ackman violated the rule, because he could say he heard from a banker who, you know, who told him, who got, who oftenned the bid to carl offered the bid to carl. Neil but hes judging the intentions of an investor. Of everybody. Neil right . Is there anything wrong with that . Which side . Is there anything wrong with neil ackmans side. He is telegraphing turns out he was wrong. Yeah. A lot of this stuff is done under the code of silence. You know, theres a code here. Your word is your bond, youre supposed to not be releasing bids, and a lot of this stuff can be gained. Whats interesting about this, theres a lot of ways to play the stock moved on that report first reported by the wall street journal and then tripled down in the most ridiculous, unscrupulous way by cnbc where they basically gave bill ackman the microphone and didnt really challenge him i knew the story was fishy from day one, and heres why usually you find out about bids after the trade. I talked to a few traders, its almost unprecedented that a block sale like this that they were saying he was looking to unload his massive position in a stock, usually that occurs after its done, not before. You dont want anyone to know your position, because then they game you. Neil what would ackman have to gain . I dont know. Neil it turns out icahn does just the opposite. What would the investment banker have to gain in releasing the information neil by the way, icahn is out of apple altogether. Totally. He got his pound of flesh, we should point out. Neil right. Not inclined to buy thinking. He hates the market. Neil he does. What gave that story the sort of patina, so to speak, to use a 3 word of truth or veneer of truth is that, you know, carl hates the market right now. Neil he does. He wants out of it. The real question is does he think this things going private, and i think theres a good chance herb herbalife says enoughs enough, lets go private. Im not saying bill ackman did anything illegal, lets be clear. I dont know the law. These conversations about bids and people get bids all the time are generally done in private for a reason. Front running is is a sale. Neil watching at home, youre very good. Thank you. Ive learned from the best. Neil watching you in person, its negligible. Its hard to tell how buff i am with my clothes on. [laughter] could i come in without my clothes one day . Neil youre the best, no ones better. Im telling you that. More after this. Neil lets look at the dow, up 20 points. September can be a rocky month, the most problematic month of the year after a flat and steady as she goes august. You heard from mark cuban, carl icahn, political extremes who are worried about it, past that along and Cheryl Casone he knows about the same worries. Cheryl i loved your interview with mark cuban because he was wearing a tshirt that says iron man. I thought that is neil cavuto. You are the iron man. Great to see you. We are now down to the final stretch, until this election. Donald trump leading Hillary Clinton in the polls and pulling out all the stops. I am Cheryl Casone he in for trish reagan, welcome to the intelligence report. The donald trump campaigning