The situation . Welcome, i am neil cavuto. Barack obama and rob ford could not look more different. The toronto mayor is not smooth and thin like barack obama, but they have serious crises on their hands. I hate to break it to the white house. The mayor seems to be acting more quickly, getting ahead and here is why. He says that he is now getting professional help for his drinking problem and the president just punted on his Health Care Problem in the mayor realizes that he has to look like hes doing something now and the president has dropped this insurance mess for a year now. The mayor still they tossed out, but hes not going without a fight. The president can be tossed out, but hes not showing much fight because the mayor is giving it all he has got. The president is hoping the time will save the day. In the mayor is on the brink because he is just a mess. His signature achievement is a mess. The mayor admitted it, the president has not. Before you laugh off this guy, do remember t
Democrats. Equality versus liberty. John and that is our show tonight. Now it is time for john stossel. John some will be more successful than others. Maybe they are smarter or they work harder or they are just luckier. Whatever the reason in the global economy, that success kids magnified. Michael jordan has made much more money because he could do things like sell these tshirts in china. Because of the free market, globalization and new technology, a result is growing inequality. It has been viewed at least 13 million times. The poorest americans dont even register in it they are down to pocket change. The top two to 5 are actually off the chart. The income inequality has gotten worse and the reason is a ceo makes 400 times what the average worker makes. And what you are talking about, when it comes to corporations whether its walmart or mcdonalds down the list, the top echelon of the corporate world makes it exceedingly larger amount of money than workers do. And microsoft made it a
Ceo to say sorry. Because target has made a mess of it. But at least the retailer can take solace knowing that they are not alone. All confirming the same disturbing trend. This isnt the exception for shoppers, but its looking like the rule. Be careful because no matter how these guys are talking, you are just not safe as of yet unless you get smaater than the bad guys and fast and you are seeing a, is that right . Yes, i am seeing it. When people go out and they use their debit cards and credit cards. And you understand there is a risk you are taking. And now you can even trust the local target store. They can have the retail sale of the century this weekend and ou would be crazy were living under a rock if you ran into target and use your debit card. Neil so how bads this dead and who is legally Vulnerable People say my local bank, i blame you. How does that work . And ther are already two significant classaction off of the 40 million per person number in december. One in utah and on
The poll the stimulus right out from under the market . Joining us now, editor for money news ultimate wealth report. Ceo of mclean Financial Group and resident scholar at the American Enterprise institute. Thank you all for being with us. Lets start with stan and go right to the economy where does this put stis . I mean, things are Getting Better cards a . They are. This is a reasonably good jobs report. If things continue this way the Unemployment Rate will slowly, slowly go down. Eventually approaching 7 . I do not think that this will keep the Federal Reserve from tapering away had been signaling that they will. I think maybe september, maybe december. Coming down quantitative easing. Here is what bothers me. Todays jobs report showed a big provement in parttime jobs. Why would i hire fulltime when i have no idea whats happening with obamacare . That is a great point. Theyre is a major increase in parttime workers. Youre talking about a huge segment that is working restaurants and
The names of the companies that have announced poor earnings or at a minimum poor forecasts. We have walmart. Weave sears. We have places ke game stop, best buy, gap. I pine, christmas was really poor and its just, i dont see it getting any better. And if its not getting better. If the consumer is not spending, its almost impossible for the vast companies that make the s p to grow, if they arent growing, they arent hiring. Simply put, i think we have seen our best ds of unemployment. I think it stts to go back up. Mark, what do you think . I think there is a reason consumers are not spend close. Is they dont have the money in their pocket to do so. There is no estion when the middle class has a on the of money, they will inject it. They will spend it. No question, itill be a big boost for the stocks, the companies, they can hire, they can, the reason this is happening because the however we have seen over the past couple years i disproportion natalie affected in a positive way, theyre