Transcripts For FBC Cavuto 20140919 : comparemela.com

Transcripts For FBC Cavuto 20140919

They are waiting and they will count up the votes. Hangs in the balance. Certainly does, the turnout has been tremendous, the polls open local time from 7 00 a. M. To 10 00 p. M. , but getting all those votes counted is going to take a while, especially from the farflung scottish isles, weather permitting, we are not expecting to hear the final result until maybe 6 30 to 7 30 tomorrow morning, that is local time. So after midnight on the east coast. As you say, a lot riding on this. Passions on both sides, has been very close, down to the wire, perhaps the no side edging slightly ahead. As you mentioned Prime Minister David Cameron coming up to scotland, making his plea and essentially vowing that the Scottish Parliament and the scottish people, does not go their way to separate. Ive heard many times in the time weve been here throughout the day, they believe the no campaign was totally mishandled and the yes votes were indeed equal or perhaps slightly ahead, and that would have caused westminster to react. Was it enough . Obviously have to wait and see, but you know, as you say, there is a lot at stake. The scottish people who want to become their own country say its way time they have the destiny of their future in their own hands. They feel disconnected from westminster, especially a conservative Prime Minister like David Cameron, and say all of that can be avoided if they are given their own identity. On the other hand, the no votes say we need to keep the union alive, the United Kingdom is important, and too many Unanswered Questions which currency the scottish would use . The impact on the economy overall. Many, many issues that have yet to be discussed. We shall find out, tomorrow morning we know for sure, neil, theres going to be half of this country thats not happy at all. Back to you. Neil ashley, great work on this. The guy does not sleep, folks. Ashley webster. Will the United Kingdom stay united then . The white house hopes so. You say why would we care, rich edson on why we do and why its fullcourt press to make sure the United Kingdom is united. Reporter while the Administration Says this is an issue for the scots to decide. President obama hopes the u. K. Remains strong, robust and, yes, united. Earlier the white house explained the president s position. The president , speaking as the president of the United States, talked about his belief, that the United Kingdom is a robust, strong, united partner, and we want to keep them that way. Reporter the president went further than just deferring to the scots on that one. President bill clinton is asking to reject independence, sent a powerful message of inclusion, it paves the way for a weaker United Kingdom. Leads to a further u. K. Withdrawal from europe and the reduction of a key power more in line with the United States than continental europe, especially with europes Energy Dependence on russia. The u. K. Has u. S. Provided Nuclear Submarine station in scotland, its unclear what an independent scotland does with the warships, leaving it in the hands of the United States, and this is a time when the United States is pressuring europe and nato countries to finally spend a little more on their own defense. Neil rich edson, we shall see, thank you very much. Back to Rupert Murdoch, the name rings a bell. What is happening in scotland is not staying in scotland. It goes beyond scotland, and theres a great set of antiestablishment groundswell. You can go to the United States and take middle america, what do they think of washington and wall street for that matter . Theres a people are looking for change. Neil its an interesting premise, this is not a political left or right thing, its just whoever is in power, respective capital and scene of government, throw the bums out, were tired of it. Whether you want to put a scottish accent on, it american accent on it. The fact of the matter is it is global and palpable. To our fox biz allstars. What do you think of this . This is a collective rage at, i guess, the establishment. This is a worldwide thing. I think the divide between rich and poor no matter what country youre sitting in is getting bigger and bigger. Scotland than it is here. For now, right. I think that were going to hear more of this, maybe here and also abroad because the divide is getting bigger and bigger, people arent happy with the current governments, theyre not happy with wall street, the banks system. Whats the alternative . The question remains to be scene. You are not happy with what you have now. In the case of scotland, they are jumping to something unknown, is that better for them, thats the big question. Neil it does say a lot, does it not, steve moore, they would rather go into the abyss not of uncertainty, than the certainty, in this case, her majesty and that government. Its kind of i know some people 200 years ago who felt that way about it. Neil by the way, the campaign used by the yes crowd to say look at american example. Exactly. It didnt turn out so bad for us, neil, did it . I think Rupert Murdoch put it as well as ive heard anyone say it. This is a rage happening all over the world. He was right when he told you this Secession Movement could be happening all over. Were seeing this in terms of the Eastern European countries. My god, i think there is so much rage in washington, you could get half the states who want to pull out of federal control right now. Neil gary smith, murdoch alluded to the fact that the chasm between the rich and the spoor a global phenomenon and the people on the shorter end of that stick, of whom there are many more, are showing global collective rage and there is something palpable going on here. Regardless how the vote goes. What do you think . I totally agree, and its a good thing. Sometimes quite often change is necessary, in the case of scotland, its not like i would be delaware seceding from the union. This is a country that has enough resources, more resources if you include they get most of the oil, and about the size of a sweden, a denmark, a switzerland. They could make a good go of it on their own. And i think if any country or, i guess we could say United States, if texas or california thought they wanted to, thought they could make it on their own and best for their population as half of scotland does, its a good thing. One quick thing about that. Scotland, we should keep in mind what theyre talking about, what the scottish leaders are talking about. Theyre not talking about moving to the right in terms of a capitalist system. The rhetoric im hearing is they want to move to a bigger swedish system. It doesnt work. Theyre making a big mistake. Neil they think that extra money theyll get with the oil revenue will be just theirs, different story, do you agree . Starting out on a tough foot. If the yes vote goes through, they are already in debt. They have to pay any further debt they take would be higher than if they were part of the u. K. Theyre going have their work cut out for them. Maybe they can be sustainable on their own, but in the nearterm, what its going to take to get to the place, thats going to mean austerity and sacrifices on the part of the people. Not to mention so many Scottish Companies are talking about moving headquarters to the u. K. If that does happen. That means lost jobs, more economic pressure. Neil i always think thats a threat. It could be, from the companys point of view, tax uncertainty, currency uncertainty. Theres a lot of variables companies dont like to deal with. Neil gary, however this will go, it will presumably will be close. That doesnt put the restlessness or the secession appetite that seems to be a bit of a contagion, you look at spain or quebecers were funding today. It is alive and well. Exactly. Its not going to go away, you are absolutely right. Change is always in the air. And you know some of those issues, you know, about being in debt, Natural Resources, gets to go back to stevens point. The United States had the exact same issues 200 years ago. We had a lot of debt, we had Natural Resources but nothing that we could cash in immediately. Neil very good point. We struggled with the same things that scotland may struggle with. And as steve points out, it turned out pretty good. Its a different world. Neil gary, he was there i remember. Its like the old statesman, i remember that quite well. You know, we have terrorism across the world. National Security Issues have changed dramatically, a different landscape than when we first started. Neil all right, steve moore, one way or the other theyre going to settle this, and whatever the vote, is if the polls are right, and if they avoid an independent scotland, hopefully they can stop with the bagpipes. Man, oh, man, covered this for four hours, every segment, the bagpipes, they were on. Ive had enough so what im asking you, steve, notwithstanding, what if it is close and there is an undercurrent of not liking britain, britain not liking what the scots pushed them to the brink of doing, the irish looking at this and those in wales and saying me, too. I dont see this quietly settling into the night. No, it doesnt, look at scotland leaves, you set off the avalanche and the United Kingdom is no longer the United Kingdom, it is simply england. This kind of rage, as i see it happening all over the world. The reason england is so important, they are our biggest ally in the world, always have been, ever since the late 18th century, and it would be a bad thing for the United States, quite frankly. All i know is i talked on both sides, one guy this morning wants to break away, but says if it comes he has to stay, we still love you, yanks he said it with a little more oomph. All right, dont look now. The guy behind priceline on why many are saying stocks are way overpriced, and a big offering tomorrow could prove that. Is that right . After this. Guys youre not gonna believe this watch this. Sam always gives you the good news in person, bad news in email. Good news fedex has flat rate shipping. Its called fedex one rate. And its affordable. Sounds great. [ cell phone typing ] [ typing continues ] [ whoosh ] [ cell phones buzz, chirp ] and we have to work the weekend. Great. More good news its friday woo [ male announcer ] ship a pak via Fedex Express saverĀ® for as low as 7. 50. Neil as ipos go, they dont get bigger than this. I bet before this week a lot of you have never heard of the term, the word alibaba. As jo ling kent points out, after tomorrow, most of you will never forget it. Reporter its slated to be one of the largest Public Offerings in history. Alibaba investor demand is high. Platform dominate 80 of the chinese ecommerce market. The company was founded by jack ma, a former teacher, and sells 25 more stuff than amazon and ebay combined. Cowboy on Major International brands like versace and disney. Alibaba operates similar to paypal. 279 Million People use alibaba, more than three times the entire population of germany, and founder jack ma has plans for expansion in the u. S. And europe. But there are risk factors, alibaba is a Chinese Company registered in the Cayman Islands so it plays by different rules and future is contingent on the Chinese Government allowing it to operate. The internet is highly regulated in china. And analysts believe alibabas Ownership Structure does not protect adequate investors. Overall, no doubt the world will be watching as it begins trading friday on the new york stock exchange. Neil jo ling, thank you very much. She will be all over this mega ipo all day tomorrow on fox business. I dont think i ran across anyone who is so immersed in this and all the principles. So you got to catch her coverage. It is second to none. Ipo no. Investors are bracing for a big start for alibaba, they look at twitter, other tech ipos and beginning to say is alibaba going to suffer the same thing or come out the gate like facebook, tumble badly, maybe claw its way back but it will be quite a clawing back. Who knows better than priceline chairman jeff hoffman. Grow your business and get your life back. Jeff, the bottom line is priceline got in before the tech bubble, and you were sort of prebubbleicious, but now we have the bubble, right . Thats the concern, alibaba is going repeat the whole bubble thing. What do you think . Interesting, and we definitely got in before the bubble. Euphoria sometimes replaced rational thought. Neil you had a Good Business model going in, look at this and saying i dont know. No doubt, back then there were a lot of people saying lets give everything away, this is the internet. Do it all free and figure out how to make money later. The priceline model was do something in the marketplace that creates value for consumers and suppliers and people will pay us for it. Neil did you hire william shatner. I wasnt involved personally, but he is great to work with. Neil he was key to having it. Part of what we Tell Companies all over the place, brand for personalities. Yahoo and zappo have a great personality. Shatner was the perfect person to deliver the line. Neil who is the perfect person for alibaba, the ceo, they have a whole bunch of people, 20,000 people . I think jack is a pretty good ambassador. The straightforward style is how they built the business and created value in the first place. Neil seems like a nice guy for a multigazillionaire. He would be the richest man in china, that comes as paper wealth. People are coming at it with a great deal of paper wealth. Lose touch or the midas touch or lose interest whether they should have the touch or not. For you, was that the case . How did you police, my god, right now im really rich . The process of an ipo is very distracting. You are trying to run a business, building a business, and the effort it takes from Key Executives is very distracting. Neil very draining too, because you are everywhere. It is. You come in the parking lot, i remember this in the priceline days and the parking lot is gleaming with new hardware, and you say are the employees going to work as hard as they did before. Its another issue. And specifically in the alibaba case, the number is 61 of that equity is going to be controlled by insiders. Youre going to have the facebook situation where all the insiders sell off and kill the stock price shortly after. Neil i was thinking of that totally different case and forgive me, but with microsoft wanting to buy minecraft or the Company Behind minecraft, popular cultish game, and one of the principals, the visionaries is leaving, hell take his billions and go. How does alibaba prevent a brain drain to say nothing of a cashout drain. How did do you it . What happens is you have a certain number clearly there are people that once they get their money theyre done. Neil did they tell you that early on, here are the principals, youre going to get very rich, how do you keep them loyal and engaged when they dont need it . Usually the people that start the company have something more than money at stake, they want a legacy, they want to look back and say in our case, we changed the travel industry. Neil i want tahiti, you were driven by bigger goals. They can buy tahiti after the alibaba ipo. After the money, its the i got money, whats important, respect . Legacy . Those things are important. And people will stay to build that. Neil you were big, and are, obviously in your travels and what youre doing and written, about keeping people engaged, keeping them jazzed, just being a good person, all indications ma is that way at alibaba. Hes going to have to double up and keep those folks . I actually went over there and met with him and the Management Team you. Met with him . They were down to earth people. If somebody could pull this off, jack and his team probably could. Its not easy at all. Talk is cheap, understanding about what are we going to do after these people get money. Theres nothing like the day after it happens. Its all conceptual. Paper wealth, until people cash out, you dont know whos going to quit and move on. Neil jeff, great seeing you, thank you very much. Dont look at stock, just talk to the business. Why Rupert Murdoch says this economy is not so rosy. Wondering what that is . That, my friends, is everything. And with the quicksilver card from capital one, you earn unlimited 1. 5 cash back on everything you purchase. Not just everything at the hardware store. Not everything, until you hit your cash back limit. Quicksilver can earn you unlimited 1. 5 cash back on everything you could possibly imagine. Say it with me everything. One more time, everything and with that in mind. Whats in your wallet . With up to 27 more brush movements and with that in mind. Patented Sonic Technology get healthier gums in two weeks guaranteed. Philips sonicare discover the brush thats perfect for you. An Unprecedented Program arting busithat partners businesses with universities across the state. For better access to talent, cutting edge research, and state of the art facilities. And you pay no taxes for ten years. From bio

© 2025 Vimarsana