Transcripts For FBC Cavuto 20150313 : comparemela.com

Transcripts For FBC Cavuto 20150313



global stage because we do print money. our dollar will notal waugs be this strongallenal always bethis strong because europe will not always be this week. investors wake up we're all human, and that is snap shots are always leaving one shot, snapped done, apple's competitors are not done, and neither are america's. not long ago samsung was eating apple's lunch and china was eating ours. i am not smart enough to say this is a mirage. i am pointing out there once of a time where our markets and apple couldn't do anything right, now they are priced as if they can't do anything wrong. sometimes perfection wins. sometimes they are given time to catch up. to lizzy mcdonald. on this idea that we're due for something. >> in apple or us? neil: both. you are right to draw that analogy about apple tim cook said that the sky is limit. we can go to china and he said this 4 years ago for it to maintain the current sales pace, it will have to sell 3 billion i think iphones by 2025, that is half of the world population. neil: the multiple is not out of whack. >> because market said 15 times earnings that market that did not react to apple watch, will pull in about 6 billion in sales. they have 122 billion in sales it was a ho-hum reaction. the same ho-hum reaction that market gave to the ipad in 2010. neil: she is very smart. but, what i worry about is, most people seem to think that is smooth sailing we absorb rate hikes, and disappointments say with the iwatch. be careful. >> a very -- comparison, they are highly watched entities. neil: that's the way i roll. >> the trajectory will be different, u.s. markets will drop by a rock, apple will drop like a helium balloon that is running out of gas. markets will drop precipitously. neil: what would be the prompt there? rates going up? >> yes rates change, markets are 100% over their low of 2007. >> but productivity has to be filing on all cylinders. neil: i used the cylinder analogy, thank you. >> you did? i'm sorry. you needless of an -- you need, less of an entitlement state. neil: how long do you think as a country. not because we're on fire but the others suck by comparison, how long do you think because the euro they are waiting for pair tire andty and all that -- parity and all that. >> they are choice. apple can continue to en vate, steepsteve job said that most successful companies are those who can reinvent themselves, tim cook reinvented themselves with the iwatch, but u.s. does not innovate we have sale old policies it will be two years before it changes. >> i think that u.s. innovates i think it needs a manufacturing base. >> i am talking government policies. neil: iphones where are they manufactured? >> overseas, iwatch will bring in best estimate 6 billion in sales. neil: only 6 billion any other company that would get a fraction of that would be a rock star. we factor that in. >> right. >> right. neil: a good point. >> apple is water worth more than the entire russian stock market combined? it deserves to be. >> apple has never murdered anyone. >> oh. >> they wish they had that cash on hand. neil: but we're disappointed with 6 billion. >> why are we looking at u.s. government that way -- >> why are you pointing at me? >> i am getting intend intense about this why not expect more out of the this economy. neil: we do. >> growth like in 1980s that is what we should expect just like apple we should have high expectations. >> are right but we don't something will happen with this. >> you have high expectations. >> he points finger at you. neil: we might see signs of -- right now not in apple but us, we know where target shoppers went dollar general. reporting super earnings. what the bargain hunters are saying i would imagine not much? >> well, you know doesn't look like consumers were spending on much of anything in february, but dollars they were spending, consumers were frugal, looking for deep discounts and price cuts but it was a very disappointing february, retail saless declined again after a disappointing decline in december and january. and analysts were expecting a nice boost in february. but as we saw gasoline prices, start to rebound slightly, increase gasoline station sales it was not enough, consumers pulled back for a third consecutive month. neil: does that normally portend much there were fits and starts when the less expensive retailers were doing well, they moved in and out of other retailers, are we reading too much? is the consumer really sputtering? or just very astute? >> i think consumer is under more pressure than we're giving credit to. ino, and november -- in october and november. consumer was strong out spending those gas prices windfalls, but in december consumers started squirreling away some cost savings, this reflects fact that we've not seen upward pressure in wage, wage growth has been stagnant 2% at the end of the recession, consumers are getting concerned about spending today and funding today's spending with future income down the line. neil: but they don't jive with the numbers about how americans are racking up credit card debt, give me a quick snap shot. >> i think that consumer is taking on new debt, in particular in form of student loan debt in auto loans, but i think in general consumers are still very tepid they are spending but the areas in which they are spending are concentrateed. particularly as of late in service spending in healthcare. we to put it in perspective average family saved about500 over last several months because of lower gas mean lean prices, it really -- gasoline prices, looking at basket of goods and services consumers are much under pressure with little income growth ahead. neil: thank you. >> americans finding cover in dollar general but not government. confidence in all three pwrarpbs are nearbranchesare near a record low you heard that before. senator, saying it is disfunctional and nothing changes, what do you say or do to assure them that the does not have to be that way? >> only way it will start from top, take supreme court where why is there a lower approval rating of supreme court i look at three issues one with the whole hanging chad situation many democrats felt they gave to to the republican. then you see president state of union, calling out supreme court, and supreme court justice standing up for those court decisions, and most recent decision on obamacare justice roberts, many republicans feel made the wropb the wrong decision. and president he is one of the most divisive presidents, he has checked out he is not leading with foreign policy, he is not leading in unifying the party he has checked out and congress people love their individual congressmen and senators but they hate everyone else and as a result, of them not talking. not working together. and neil, let me ask you when is last time you saw any democrats and republicans arm and arm or just siting there smileing saying, you we solved a problem and here is what we did. and here is how it helps you. neil: you are right that is the problem. with each peter's extreme base -- each party's extreme base holds the party hostage. i am not saying it is that black and white, but such an extreme that anyone that trying to reach across the aisle is slapped very hard. unless we change that, i can not imagine anything getting done. >> with respect to that comment harry reid was first majority in last 50 years he dismantleed the senate in how they do business getting rid of committee process mitch mcconnell to his credit they have passed more bills andment ins, he is trying to get it back to regular order. so important to reestablish the integrity of the senate, getting everyone involved. allowing for debate. neil: in other words everyone acting like adults. >> it will take time, and right now guess what, the democracies are party of no. and it is funny how shoe is on the other foot, isn't it. neil: republicans don't comport themselves well whether they do goofy things, i'm saying everyone drop the goofy stuff get stuff done. >> the problem is, they are looking to the next election, democrats are so upset and irate they lost majority, president is exceeding his authority on many issues using his executive power, legislator has to write letter to file clarifications with the court if they want there is a messyness -- >> there is a double stand ord to that one. no one is recalls days when speaker nancy pelosi visited syria's assad. and was talking negotiating with him, no one remembers that, they just remember that letter that french let47 senators wrote. >> that is why we're here. interesting you bring that up, right now when are they going to stop worrying about the next election and focus on the american people, the economy is still hurting and real wages are not you were, our allies don't trust us, our foes don't fear us, it is time, people are yearning for leadership, and we don't have it the beauty is we have 2016 around the corner. neil: always a phrez oar scott pleasure scott brown. >> thank you. neil: i was disappointed to learn that i was passed up to be the next james bond, idiots. but that does not mean, i cannot get the cool gadgets just like james bond, the what the tech that will leave you shaking, but not stired. next. no super-slow-motion footage of trucks splashing through the mud. no cowboy hats, horses, or hay bales. just a ram 3500 that, head to head, can out-tow ford's f-350 by more than one and a half tons. get more facts at ramtrucks.com at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. neil: cavuto neil cavuto. i know it does not roll off the tongue like bond, james bond, does it, but who needs single sillsyllable was waspy names to be a spy? i am talking kind of stuff that would make you say woo! down to bullet proof suits and briefcases that companies like fti,force trains institute are selling right now in particular to multinational companies. very interested in keeping their top folks safe. samantha murphy kelly what do you make of this. >> interesting on surface you might think something like this might be silly. but a laptop case that doubles as a protect or could be useful. neil: that works like a blanket. >> overseas in a dangerous region you might use it or a security guard or just protectinginging yourself. you could quickly protect yourself. if you are under cover you don't want to carry around a big armor this more subtle. neil: on briefcase? traditional briefcase makers, i would say we have to come up with something bulletproof? >> even if you think about bullet proof everything is becoming important these days with school shootings and violence there are bulletproof lunch boxes and book backs. neil: i am told orders of this stuff off the charts, crazy crazy off the charts. >> absolutely. neil: yeah. looking at in next item. better get those gadgets fast, iran is loading up on more machinery and faster, u.s. military is working on unmanned ground weapons islamic republican of iran is prom iing robot soldiers, thinking robocop, shorter crudeer and more controlled. bottom line, the new scary face of the frontline. >> well, like you mentioned this is something that government and military have been working on for a while. it makes sense you put a piece of technology at the front line or camera or sensors it is safer than putting humans. it is something that u.s. military wants to replace, i think 25% of military people with robots. and if we had more technology out there that makes sense that other country would wanting to do the same. we have seen this in certain forms already. in south korea they are using a patrol guard robot to man border of north korea that is one way. they can sense up to 2 1/2 miles if someone is coming. neil: machine by nature can go on the fritz. >>, of course,. neil: as we saw in remake of robocop, it went nuts, and started attacking. >> right, there could be do. complications, on one side it be help protected soinged soldiers. neil: all right forget 3-d -- you could soon be able to see a 3-d print of a car this can't be safe but it has been featured at detroit auto show, why would anyone drive it. >> people are still figuring out what is 3-d printing. >> that is actual spied they put it together that amazes me. >> if you are at a dinner party and you run out of networks, you could -- forks you could print one. neil: a 3-d house? >> yes you have skwraoeupt giant printers they layer different materials on top of each other is grows in dimension. neil: who are traditional 3-d -- hp or deyondthat, that is say specialty is there deband for that. >> i mean think about it this is a specific carmaker, cars from cycle 3 years before we see it hit the market, it can print a car in just a day and also it narrows down the cycle to 2 months, it will be more affordable it is eco- friendly. neil: i am sure unions would love it. >> whether whether we will see it hit the market is up for questions with a lot of regulations. neil: all right samantha murphy kelly thank you very much. >> thank you. neil: they are called stress test like you take when your doctor wants to check your heart out, there is one for banks that the government can check the bank's heart. i am fine with the stress test s, but i am not find with the folks who are giving them. in one year 5.6 million hospital workers helped perform 26.6 million surgeries deliver 3.7 million babies and treat 133 million e.r. patients. now congress is considering cuts which could increase wait times reduce staff, and threaten your community's health. keep the heart of america's hospitals strong. for you and your family tell congress: don't cut hospital care. neil: you think another financial meltdown can't happen, you better make sure that the banks have money set aside just in case. the stress test, they mimic mel meltdown-like events. all good. here is what i think is bad. not the banks most of whom perform well. the government bureaucrat, those gives the test, in this case federal reserve a lot of them could not find their way out of a financial paper bag. those with no cash on hand, judging whether banks have enough cash on hand. the one totally spent judging whether banks are spent. the ones who would not even know the accountability, judging those who kind of do. it would be like me judging a fitness contest do, not go there. vladimir putin doing come to red square the weather is beautiful service or bruce jenner doing spas forspa spots for men's wearhouse. or i am all for testing or having fun, but i want a guy who is fit to be my trainer i want someone really financially fit to be our bank's trainer the government is not. like the late john belushi the animal in the house just not the animal you want fixing the house. that is my spiel. mercedes. and bernard. >> american people strongly support this we need to have these protects, and fact that this week, 29 of 31 banks passed that stress test, huge news for the economy. it means more money in pockets of shareholders and hard working americans, and our 401(k). the truth -- >> amazing they did as well with the fines they had. >> i mean, you know -- >> and bail out money. >> banks have come back, they are strong, that means that the economy is expanding. they will create more jobs. we need these safeguards, and protects in place. and i i think that government metrics are pretty good. the deficit down by 2/3 since obama took office, and -- a trillion more in debt. deficit from 1.5 trillion to half a a trillion. neil: you are a young guy that is a lot of money it just added to the debt. >> it is. >> i'm saying, i agree with need, but i want a government stress test if they are ready for the next meltdown. if they have their boats in order. >> look back at may 2014, and fed chairman skpwrapbetet janet yellen came out, and said under our current policies it is unsustainable. we see it -- >> i think she was talking about accumulation of the debt. >> it was both. and -- >> she is right. it is the fed that is doing the stress tests i don't begrudge the fact that we should do something to test the banks i just think we should include the test give irin that irer in that test. >> they are wasteful spenders, that we're seeing more federal spending increase. neil: i would apply it to republican and democrats. >> with due respect we have a government stress test, it called election day. >> oh. >> neil: you know -- you know under republican and democrats we pileed up debt, when are we going to do? any rating service will tell you, you know what haunts our government how we'll deal with the big picture. we don't do it. >> more people to work pay more money in taxes to bring deficit down. >> do a stress test for that we would not pass right now. >> government would to the survive we know with larger budget deficits, this could cause a fiscal crisis, and investor would lose confident in the government. neil: you don't care, you want so tell america -- i am kidding when kids say darnest thing they get no less than president to pay for these those kids might be happy i want you to meet other kidss paying the bills who they a are not. >> it no shock that "bonnie and clyde" robbed a lot of people, but when you hear the stuff they stole, almost got away with always stealing, you will be shocked, "strange inheritance." after this fine show. then. melissa francis dives in don't with "strange inheritance" fun facts at fine:30. neil: talk about millennial madness, a student bill of rights more students want the bill to go right to us, no wonder millennials are getting a bad name, how about free education instead. people should not pay for knowledge. it is absurd. and it would be nice if everyone could have an opportunity but not many can afford it. education should be free because it is a right. and repayment. where is the loin low forgive -- loan forgiveness, that just a few. you know, it is interesting i wonder where this goes when so many people your age feel entitled that as long as they are not stuck with the bill they don't care who is. >> this is a problem, i think our generation sees promises that are given to us, the truth behind those when president obama comes out and promises our twitter generation free community college for all we get all excited that go to twitter then they realize it will cost over $60 billion over 10 years they are told we'll make college more affordable, and access inyou learn that way that president obama will do it by taxing 529 college saving plans, we start to see the government promises and they are substanceless. >> i agree that i think that millennials are very much seeing through facade that president obama and -- >> not although. >> someone who took out a significant aim of student loans to pay for my college education and law school education, i do not view it as a taxpayer responsibility to substkaoeurd subsidize. millennials are coming to the fact they don't have any other answers than putting taxes on top job creators. neil: all right switching gears. millennials, don't trust the market either, they won't investment you are not an active investor why do you think so many in your generation are scared about investing? >> look at what my generation deals with over, the past like three decade cost of tuition increase over 12 fold, average student graduates from college with over $30 thousand in debt, you have to have a discretionary income. you have to cash to do that, you know, went my generation, you don't see the jobs straight out of college that pay salary that allow for my generation to do that. neil: i hear more from a lot of young people say when he said, but also say, i think it a rigged game. i don't like what happened on -- my parents went through in last meltdown once burned i don't want to see that again. >> there is a lot of distrust, this generation, that has witnessed multiple finance crises, and sees that these big instutions that everyone believed in, really work to cut everyone's retirement funds and reduce our savings there is history that is working against the millennials wants too invest in stock market. but i think that also came out to a lack of financial literacy, for a lot of millennials they are put off by bigger terms complex regan books laying -- regulations. neil agrees, a lot of old fogies are the of same mind set thank you you represent your generation well. >> you heard from young crowd. what does old crowd thing? tomorrow the bitter boomers they are back, and they are booming and they have not stopped complaining think your angry old uncle butage agreeer and older. >> meanwhile cracked see ep or justscience orjust cracked? a powdered alcohol has been approved by uncle sam. the guy who created it to defend himself. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. neil: shaken and stirred over an alcoholic shake. democratic senator schumer calling for a ban saying this is kool aid for underage drinking, now that it is approved to go national more say and fearing it could get dangerous. but creator mark philips said his products is safe. what is the deal with this, a powder you mix with water, you have instance drink? >> correct that is one option, the cocktail version cot have play of oring you use -- flavors with vodka and rurpl version rum version you mix it with a mixer you could add water and play of flavoring. neil: by adding water you made an alcoholic drink. >> correct it is in the powder. neil: you can kind of see where the parents and group are coming from they have powder that can make alcohol. >> unfortunately there are irresponsible people that abuse and misuse alcohol. in general. >> i understand. but rap is you will make it too easy. >> i don't see any rational behind that. it will be sold in liquor stores just likely quid alcohol --ly quidliquid alcohol, what will make it easier for underage kids is it people ban it, if government bans it then they lose all control over the distribution, that will allow the kids to get a hold of it easier. neil: government, approveing that might prove your point. but i guess what worries me as a parent is one thing for kids to sneak a bottle into a party, but another to sneak a pack it of packet of something. something. >> well, it easier to sneak in liquid really, you can get more liquid in the same area, then you could if you use powder, the package is 4 inches by 6 inches. neil: i could put that in my pocket. >> and you could put 15 15 bottles of vodka in your pocket. neil: it is less obvious, i know what you are getting at. that i could see. but you are already encountering shuck schumers and saying you made it too easy for kids your response to him? would be? >> well, i think this it is no different than alcohol no one appreciates or wants to see kids atpwaousabuse alcohol. >> the market for this is who or what? adults have access. just make it easier, manage that timeless? >> the shelf life is a year in package. but, our tag line is, when liquid is note convenient. when it is not convenient, a powder is a great solution, i think what is very interesting i didn't anticipate, were all other applications, positive for palcohol and medicine, and energy. neil: where is med medicinal. >> medical professional have asked about using it as an antiseptic they go to remote locations, weight is a real factor. >> fair enough. >> thank you mark. i am glad we heard your point of view. all right if you ever visit shake shack you will find people around the block why are investors kicking them in the bun? bring us your baffling. bring us your audacious. we want your sticky notes, sketchbooks, and scribbles. let's pin 'em to the wall. kick 'em around. kick 'em around, see what happens. because we're in the how-do-i-get-this-startup- off-the-ground business. the taking-your-business- global-business. we're in the problem-solving business. 400,000 people - ready to help you solve problems while they're still called opportunities. from figuring it out to getting it done we're here to help. neil: neil: in biz blitz shake shack stock bounceing before jumping back they had a disappointing earnings report, and forecast. i don't buy it, don't a lot of these guys burgers go for 10 bucks or more? i think they are not counting pennies when they pile on the pickles, maybe they are. where is the beef. >> i think shake shack will be in trouble. look at p/e like a thousand or 2000 it just, it is.comish if you will. -- dot-comish, i think they have a great product outside our urban areas like dc, they will have trouble with growth, they will run into a mcdonald's that could eliminate shake hack from shack frat planet. >> i don't know. >> i agree with gary b this stock tripled off the ipo mcdonald's they are removing antibiotics and hormones from the meat, that is what shake shack sells its burgers on. neil: they are not a healthy full place. >> they say their burgers,. neil: we're running video of them preparing my lunch today. >> your lunch a lot of people going into this space with healthy burgers shake shack has a run right now. neil: what if they -- move to healthier route? is it too late. >> no, i think there is kashi for -- gourmet dining space they are in. they can't do what mcdonald's is and junk up the menu. neil: if you are in burger arena, i don't know. burger is a burger is a burger. >> but neil -- >> i am sorry. >> there is nothing to prevent mcdonald's from doing like budweiser, and all of a sudden go into craft brew, mcdonald's could set up a whole subsidiary to take on shake shack and wipe them out. neil: on that thought good to know ringling brothers barnum & bailey elephant can get work, tim burton to direct a live action first of dumb bo, this -- dumbo. big with cinderella live, and big announcement that world is getting a frozen 2 -- no. i don't' to hear that stock again, did they not see the glynn stonesflinstones movie kwraba yabba daba don't. >> dumbo is about a baby el elephant who has trouble in the circus if he brings his dark vision what is he doing putting dumb in bad braces, i think that peta is already weighing in. neil: what is happening money to be made. in these pictures, moving over from animation to real, right? >> yes i disagree with his on this frozen brought in a billion dollar at dock office, and a billion in revenue merchandiseing disney should keep casting out the net if dumbo is a flop so be it. i have seen full trailer for cinderella at orlando this is going to be a huge hit my wife and i loved it we're have not been to a disney movie in ages. >> you talk about that movie we're talking about dumbo. >> i -- you know they going to do bambi takes on the nra in they have to get the not right. >> of course. >> tim burton is weird and dark, this is a children's animated movie, they are walking a fine line. >> he gets batman involve or something. neil: to issue 3 doughnut meeting dog. krispy kreme creating a glazeed doughnut hot dog with bake bacon and raspberry jam. >> i would not eat it, but i think zillions of people will. any one of these venues now i go down to see capitals blaze whether i am at disney world or movie theater it is not about the entertainment any more, it is about the food. that is our entertainment. and i think that is going to be huge. >> i agree. this is bacon and a doughnut and raspberry jelly. neil: one or the other but fruit over meat, no, one or the other. >> this is instant inparch kree infant kree is -- pan kree ans tight, it is going to make first lady feel like we're in the end time. >> that is the sign of the 666 like. made -- all right, thank you. all very much. >> sure. >> we should try it. >> i want a bite. >> there you go. >> rubio rails and you react. why can't we make a simpler tax code now, he tried he is getting so much heat. >> it is awesome. >> left or right, it's wrong. do you want to know how hard it can be to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva respimat. discuss all medicines you take even eye drops. if your breathing suddenly worsens, your throat or tongue swells you get hives, vision changes or eye pain or problems passing urine stop taking spiriva respimat and call your doctor right away. side effects include sore throat cough, dry mouth and sinus infection. nothing can reverse copd. spiriva helps me breathe better. to learn about spiriva respimat slow-moving mist ask your doctor or visit spirivarespimat.com the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. congratulations. you're down with crestor. yes! when diet and exercise aren't enough, adding crestor lowers bad cholesterol up to 55%. crestor is not for people with liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor all medicines you take. call your doctor if you have muscle pain or weakness, feel unusually tired have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of serious side effects. i'm down with crestor! make your move. ask your doctor about crestor. >> what's the deal, neil? neil: and what is the deal with our tax code? why is it so darn complicated? i get e-mails like this all the time. we have marco rubio pitching his simple facts plan, but getting it done is proving a lot more than just complicated. jeanette on facebook writes: wouldn't that be nice for a taxpayer a simpler tax code? the more complicated it is, the more they can cheat us. susan: remember other branches of government, certainly irs should be required to file their own taxes without assistance maybe some changes could be made. i think that's an excellent idea. eric: just finished my taxes and still not done if they're done correctly or if they will draw attention, what a mess indeed. mary: the tax code shouldn't be so complex the reason they keep raising the amount we have to pay is our government is supporting people who don't want to work. they want the free stuff this administration still gives them. and finally, rochelle writes: what is wrong with a flat tax? no need for loopholes or tax attorneys. 10% to the church, why should the government expect more than god? you're very right, all of you about this ire we get every time we talk to someone who wants to simplify the tax code. keep many mind the tax coat -- in mind the tax code itself is north of 18,000 pages. it just gets more and more complicated. the rules for our taxes are more than the tax code itself. that's weird. that's strange. what a cue for "strange inheritance" starting now. ♪eb ♪ >> a texas family inherits a house full of history worth millions. >> davis was a world class collector. >> we had a love affair with these items. jamie: that's a smart. >> and speaking of loveho affairs -- in this is aro sawed-off shotgun that was carried by the barrow e gang. >> their violent exploits spawned a legended. >> those images of these young outlaws somehow touches people.>> >> it may yield a fortune. >> the place is packed. people on the telephones are bidding, there's intense interest in the bonnie and clyde story. >> it was a mindblower to watch. ♪ ♪

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