Transcripts For FBC Cavuto Coast To Coast 20160415 : compare

for a day, but when i received this information, it was so moving to me that it was something that i could just simply not refuse to attend. neil: all right. a few minutes wag ago at the vat began. this is a conference -- vatican. this is a conference to discuss the needs of humanity. i think that's simplifying it a bit, but continuing pope francis' call to look out for those who need help; the disadvantaged, the disenfranchised. and that is something that has certain hi been the focal point of bernie sanders' campaign. a lot of folks wondered did he come at the invite of pope francis, the vatican says no. in fact, pope francis isn't even at this symposium. that does not rule out the possibility that bernie sanders could still meet with the pope, but at this hour it does not look like that. having said all of that, is there a risk, political risk, to the candidate leaving new york with the big primary just a few days from now? the washington examiner's phil kline on that. phil, what do you think? >> i mean, i think it could always be a risk and, certainly, if he loses or comes up just close, you know, then a lot of people are going to look back at this as a big mistake. but also, clearly, he's trying to pivot and trying to make this that his sort of so-called economic justice agenda has more global support. and so i think that's what he's trying to do here, to put more of a sheen on his overall message. neil: you don't mind me being politically tacky, phil, the money shot for him would be a picture with the pope, wouldn't it? >> yes, it would, although i don't know that he's going to get one. i don't even know if the pope is even around. neil: yeah. or aware that he's there. >> yeah. neil: i don't know who was telling or speaking the truth about the invite, whether there was one, but it would not surprise me that the pope would find appealing some of the rhetoric we've with heard from bernie sanders. i'm just wondering though in a state like new york, would it make a difference at all, or would it show that a candidate like bernie sanders literally has the blessing of the vatican? >> i mean, clearly there are a lot of catholics in new york. i just think that more broadly speaking the point is that a lot of liberals have tried to sort of co-opt this pope particularly and try to say that he's an advocate for their policies particularly on economics. and i think that that's what sanders is trying to do here and trying to say that sort of the catholic church under pope francis is more in line with his socialist economic philosophy. neil: yeah, i heard a sanders supporter saying in response to a question would jesus be a democrat or republican, he said, oh, no, no, no, he'd be a socialist. [laughter] so maybe bernie sanders wins regardless. thank you very much, my friend. very good having you. >> thank you. neil: all right. interrupting the campaign trail or not, whether it's politically advantageous or disadvantageous, anyone's guess. the growing schism between all parties when it comes to who has a right to look out for the common man or woman, and it evidenced itself in a conversation i had with a young woman who supports bernie sanders, does not hillary clinton. at issue, the role of government. take a peek. before we talk about raising taxes, let's focus on where our tax money's already -- >> no one said anything about raising taxes but you, neil. i -- neil: no, i follow you on youtube. i heard you on youtube talking about raising taxes and the rich -- >> but when you say raising taxes, you want your viewers -- who are crunched financially -- to feel like taxes are going to be raised on them. when i say raising taxes, i'm talking about bankers, i'm talking about the 0.01%. neil: all right. you notice that interesting exchange, i thought she was a very articulate spokeswoman for that view on the left. i wasn't trying to get into a fight here. but i did notice an interesting pivot on her part when we discussed this idea of raising taxes or not. first, she said that he didn't advocate it, then end by saying that bankers and others could and should pay more. so we get back to, essentially, getting back to the core argument. more government or less government, which i think is the key in this race. deneen borelli, hadley, want to given with you. i think that's it. i think you are either in this young woman's camp that says, look, government is not serving the people, but more of it properly focused would and could. that's where she draws the line against hillary clinton because she says unlike bernie sanders, she doesn't get that. what do you make of that? >> well, certainly, many americans can agree to disagree on role of government, but when it comes to fighting for the common man, neil, i think it's so important to emphasize that the reason many of us believe in free markets is because we believe that a bottom-up economy rather than a top-down economy will better serve the common man, will better protect the little guy. so we have a very dramatically different interpretation of the facts, in terms of what's going on in our federal budget and what the role of government should be moving forward. that doesn't mean we have to foster ill will or disrespect from one another. yes, she made some fine points. often our points in these political discussions are going past one another -- neil: that's exactly right. and i think, deneen, we get sidetracked. there were many conservatives who wrote me and said, neil, get into the fact about where's the father of her child when she makes trips, who pays for them. all might be germane issues, but for the point of in this argument, i thought side issues. and yet we do continue talking past each oh other. my only point is if your argument is that the government doesn't work, why would giving the government more money make it work? >> yeah. these young kids today, neil, i tell you. but listen, that was a very interesting discussion that you had with this young lady x there are a lot of -- and there are a lot of people who think like her who are college age. what they need to do is take a course in world history and economics 101 and to understand the facts of socialism, because nothing is free, neil. and you also have this entitlement mindset with this younger generation. a lot of college kids think they are entitled to anything and everything they want and on their time, and they don't want to listen to those who are experienced and those who are knowledgeable of certain issues and topics and situations. and, sadly, the progressive professors on these college campuses, they have brainwashed these young college kids. so this is what we're up against. neil: you know, cat, i was living, and i think republicans do themselves great harm ignoring them because they think, oh, they'll never vote for us anyway, yet this rage is palpable, look at bernie sanders. the anger at a system is real, hook at donald frump: now, for -- donald trump, but for different reasons. the pullback i get from this is there's anger out there that some are benefiting and others are not, that the system is rigged in favor of those that have the money and connections versus those who do not. and i'm wondering if republicans ignore that to their peril. what do you think? >> absolutely. the gop needs to do a better job of reaching out to the youth and explaining, hey, you know what? we don't support this free college thing not because we hate you, but because we understand some things like it's not free college, it's other people pay for it college, and the government getting more involved has made school more expensive. simple things like that, they don't seem willing to do. i'm sick of this victim status, you know? it's because they hate me. no, it's not. let's just talk about the economy in a basic, basic way. i love capitalism, neil. it made me very sad to see her saying so many negative things about it. neil: one of the things i did take away from it though, hadley, is has capitalism done itself a favor when a few malcontents of capitalism have ruined it for everybody? i talk about, you know, greed canty bankers, i -- greedy bankers, i talk about those biotech ceos who are willy-nilly hiking the price of drugs, and yet somehow that was seen as the industry doing that to everyone when that wasn't the case. and yet i also find out that that anger is justified when the very bankers who criticize government largess are the very beneficiaries of the biggest of that largess and the rescues during and after the meltdown. so is the system failing them because of the system abusers? what do you think? >> you know, when we talk about the system failing people, we ought to talk about whether we're really discussing free market capitalism or not be because, of course, there's a big difference between free market capitalism and capitalist crony. cronyism is a different system all together. i would defend free market capitalism. it's got flaws and shortcomings, but it's the best system that we've found so far in order to provide all consumers in order to -- neil: no, i think you're right about that but, deneen, you were touching on this idea that teaching kids of any age, anyone about the merits of working for something, striving for something, not getting a handout. but yet that, preaching that as mitt romney found out four years ago, john mccain eight years ago, it's been falling on deaf and i'm wondering if it sounds too preachy. what should republicans or conservatives more to the point be saying to pound the point home it need not be government? >> it's not the government's role to provide americans with all of their wants and needs. and this is what americans who think like this, these college students need to understand. it's up to the individual to be responsible to make decisions that are best for them and to work hard -- neil: that's a great argument. i'm telling you, te mean, it's falling on deaf ears. kat, do you think there's a better way to frame this without -- and i believe everything you're saying, guys, don't get me wrong -- but without sounding like you're preaching. kat, what do you think? >> it's a bad idea, the fact that it does raise the costs in institutions the more the government gets involved. i liked rand paul's idea. try to look for solutions rather than telling kids to stop whining even though they definitely do need to stop whining, but i can say that. neil: you're all young besides. and one of the points i tried to bring home yesterday is if money were the answer, we'd have the answer. we have spent trillions of dollars fighting a war on poverty since the 1960s, yet our impo riched percentages are roughly the same they are. we have spent trillions on food programs and the like trying to make sure all are fed and clothed and helped in this country, and all these decades later no big change in those percentagings. so maybe -- percentages. so maybe more money isn't the answer. maybe more common sense thinking is. we'll have more after this. you both have a perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free quote, call liberty mutual at switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. neil: we are hours away are from a big protest many colorado. we're told potentially throughout the state that a lot of trump sympathizers who feel their guy got robbed in the allocation of delegates because all 34 of them went to ted cruz. never mind a lot of those rules were known ahead of the fact that there was not going to be a primary or caucus there, that the delegates would gather, and they would make their choices, and they had to be wooed by east team's camp. -- either team's camp. donald trump didn't go, ted cruz did. you know how this sorted out. donald trump still bemoaning it saying the system is rigged. citizens united president, you have no horse in this race, but what do you make of these protests? >> well, look, i could see both sides of this coin actually, neil. it's -- each state is able to make their own rules x these rules have been in place for a year. donald trump lost, and he lost all of the delegates, and i understand that he feels polling showed he would have done very well in colorado and, therefore, he wants to bemoan the system. he also is trying to establish a record, in my opinion. and that record is if he doesn't win the nomination, he is a able to use this record as part of that defense about how the system is rigged against him. neil: i think you're exactly right, david, which should worry you, because i agree with you, and you should run the other way. [laughter] i think one of the things trump is crazy like a fox. he knew exactly what the rules were going in. he took colorado for granted, he thought he might win those delegates. he skipped the convention thinking that was a lock for him, and he doesn't like the results. that's all well and good, but he's made this sort of a populist cause and thrown up a light here and a beacon to say that any other such delegations that go to, let's say, ted cruz are fixed delegations so if he were to lose 130 to even as the washington post says up to 170 such delegates, uncommitted slates that would ultimately, potentially move to ted cruz, it's a sham, and his opponent cheated. what do you think? >> look, you know, and that's my problem. i don't necessarily agree with that. these rules have been in place -- these are the same fundamental rules that have been in place, you know, for over 100 years for the republicans. look, i think that donald trump's doing a service in that if the republicans call for an autopsy just like they did in 2012 post-election, they could do an autopsy and find in the states what worked well and what did not work well, and maybe colorado will go by the didn't work so well side of things. the bottom line is he might be doing a service for future elections. but let's not forget that these were the mitt romney rules put in place in 2012 really to stop ron paul. so we can thank the establishment for a lot of what's going on here today, and donald trump and ted cruz are both not a year ago when these rules were put in place were not the candidates they thought they'd be trying to protect. neil: you've hit on another key point. these very changes that trump bemoans are the ones that have propelled him to the one he's in. >> that's right. neil: thank you very much, david, i always appreciate it. you know, i normally don't get too worked up about bank stocks. what's amazing to me be, they've had a pretty good week today not withstanding despite reporting numbers that were pathetic, earnings that were disappointing, just not as disappointing as wall street thought. which is the banks' way of doing what i did as a kid with my report card. telling my parents to expect all ds and fs x then they see a c or two and they think, well, neil's a genius. i really was. bank on it. neil: all right. a quick peek at mortgage rates. 30-year fixed rate now under 3.6. gosh, is that low. we're revisiting cycle lows here. that is one of the reasons why it's difficult to gauge how this affects the banking industry during a week they reported earnings which, by and large, were better than thought but still down, and in some cases substantially down from last year. dan schafer now on how we play this low rate situation for the banks. dan, how do you? >> well, the low rates are not good for the banks to perform and make income. this is a big problem for the banking sector, especially for the emerging markets and the banks that are involved there. i mean, the banking industry right now does not look healthy, and it continues to look very weak internally based on some of the financials that have been coming out. neil: so their argument is that through the worst, i think in citigroup's case they're the only bank that was deemed ready if everything hits the fan with enough cash on hand to do okay, sort of these living will arguments about are you ready if we have another meltdown type situation. only one that seems prepared. what do you make of that? >> well, i'm a little concerned about the way the accounting is done. we've talked about this before, neil. i looked at the financials this morning of citigroup, and i'm very concerned about a couple things on the income statement that they disclosed. i've got to put my glasseses on just to look at some -- glasses on just to look at some of these numbers. the first quarter they say they increased their loan -- excuse me, they decreased their loan losses from a year ago of about $1.9 billion which would bring down the 3.5 billion of income. and they also have this other piece they use that's called deferred taxes. in fact, in the statement from the ceo it says they utilized additional deferred tax assets, and that shows up on, also, their income statement under provision for income taxes. so now, i'm not a genius, i'm a cpa, but i don't practice, so don't me to do your taxes. when i look at this financial statement and i adjust it pack for a year ago -- back for a year ago, and i see these two adjustments, in my mind i'm looking at 33 cents a share, not what they've reported. so with that in mind, just go back to 2007, general electric had a big issue with how they accounted using currencies -- neil: yes, i remember well. >> and that was a huge -- i wrote about that in my book in 2010. that was a huge disclosure. now, on here -- neil: and it was a preview, it was seen in retrospect as a preview of some coming attractions that would later, of course, bring on the financial crisis. >> exactly. exactly. so, again, when i look at the numbers that are coming out from some of these banks and, young, trusting them is a separate issue, i don't believe these numbers, and it's getting very scary. in europe banks, as we know, have tumbled with tremendous problems internally, and i think that's inherent in the banking system. fill disclosure, i am short the bank index, the bkx index, just so it's full disclosure so people understand where i'm coming from with this. i'm very nervous, and the banking index that peaked in 2007, made a low in 2009 and really never recovered. it's only 50% of where it was. neil: okay. >> so it's internally inherent. neil: dan, thank you. points duly noted. something else noted is donald trump. his lead is widening. that doesn't necessarily mean anything, but if you include new york and what appears to be happening nationally, maybe this whole dust-up that he's been raising over how fair the system is and whether it's rigged, it's actually helping him. might sound paranoid, but that paranoia could be registering at the polls. ♪ ♪ at mfs investment management, we believe in the power of active management. we actively manage with expertise and conviction. so you can invest with more certainty. mfs. that's the power of active management. i don't want to live with the uncertainties of hep c. or wonder whether i should seek treatment. i am ready. because today there's harvoni. a revolutionary treatment for the most common type of chronic hepatitis c. harvoni is proven to cure up to 99% of patients who've had no prior treatment. it's the one and only cure that's one pill, once a day for 12 weeks. certain patients... can be cured with just 8 weeks of harvoni. with harvoni, there's no interferon and there are no complex regimens. tell your doctor if you have other liver or kidney problems, hiv, or other medical conditions, and about all the medicines you take including herbal supplements. taking amiodarone with harvoni may cause a serious slowing of your heart rate. common side effects of harvoni may include tiredness, headache and weakness. i am ready to put hep c behind me. i am ready to be cured. are you ready? ask your hep c specialist if harvoni is right for you. . : . neil: all right, it's official now. nba says board of governors approving a rule that will allow jerseys with the 2017-2018 season. they're just in the middle of what will be the eight month playoffs. but what that will allow is let's say adidas or nike, the players can have that on the jerseys, it would be on a shoulder right, one company at a time? anyway, it's part of a host of possibilities for financial anchors. i could think of a number of gold and silver coin companies that would love to have me wearing their stuff to say nothing of hostess, ponderosa, hickory cheese. gentlemen, start your engines. not serious, everyone calm down. a little serious. taxes in certain states are rocketing and some of the states' richest citizens are leaving. new jersey found out the hard way, but if gerri willis is right, and she always is, expect a lot more of this. what's going on? >> reporter: amazing story. david tepper, highest new jersey earner is leaving new jersey. he, of course, with apple management. i want to put this in context, this is confusing to a lot of people. get this, the 400 wealthiest u.s. taxpayers each paid 60.8 million dollars in taxes in 2013. and by that, i don't mean they paid a total of $60.8 million. each the 400 wealthiests u.s. taxpayers paid $60.8 million. imagine. in new jersey, there's a lot of screaming on the left maybe this is going to cause new jersey to go down the toilet. here's what's going on there. personal income taxes account for 40% of the tax base there. and the third of that, get this, of that, of that tax base from personal income taxes is paid by the 1%. so gives you a sense how this all works out. i want to talk about states with the most billionaires. take a look at these maps. california has 111. new york 88. texas 51. florida 37. illinois 19. take a look at this. connecticut with 15. washington can 12. michigan with 11. pennsylvania with 10, wisconsin with 9. they're all over the country, you got to think especially in big tax states like california and new york, there's so many there, if one or two of the fellows or women decided to take off and go to florida where there is no state income tax, it wouldn't make that much of a difference really. they are contributing but the states get money from a lot of different places, not just income taxes. neil: having said that, if the tax rate is prohibitively higher in your state versus a state that doesn't have it like south carolina or florida -- >> bye-bye, bye-bye. nothing to keep anybody there. that's for sure, neil. neil: that's just it. in the meantime, donald trump indicating the dustups he's been experiencing, despite back and forth he's leading in polls. funny way of showing it. right now looking at national preferences as well as those in the state of new york coming up for grabs next week. his lead is widening. blake burman on that. blake? >> reporter: hi there, neil, we got finished up talking to donald trump's campaign manager corey lewandowski a little while ago, and i can tell you that they feel very confident about how things are going to shake out here in new york next tuesday. 95 delegates are at play, as you know. they wouldn't necessarily commit to wing potentially all 95 because of how it's broken down by congressional districts, some smaller than others. they think there might be razor thin margins to get over 50%. however, they think for certain that ted cruz's best days are behind him and think he's got very, very little chance to compete in new york. here was lewandowski when we spoke with him a little while ago. >> the people of new york know donald trump best. he's going to do very, very well here. look at the five states after that. these are the states that know donald trump the best. ted cruz's best days are behind him. he's not going to do well here, the reason for that is he made a pejorative term about new york values. the worst terrorist attack on our soil ever, and people remember that. when you have someone like donald trump who's done so much for the state of new york and the city, people turn out in massive numbers to reward him for the loyalty. >> reporter: lewandowski said that it's potential that cruz could be mathematically eliminated from getting to the 1237 mark before the first ballot. we talked to him as well about the michelle fields incident down in florida last month. the overall feeling there is that he feels, and the campaign feels relieved, they feel this is a moment they've gone the past and now look ahead and focus on the bigger picture here. neil? neil: blake, did i hear this right that lewandowski is criticizing another campaign for using a pejorative term? >> new york values, they are going after it. neil: man, oh, man, that would be like me telling you to eat a salad. you just don't go there. >> i need to get lunch by the way. good food in the building? trying to figure out where things are. neil: i took it all. you can't use it. donald trump's national support is very high. in fact, revisiting all-time high. adam goodman on angry electorate that doesn't much care about the dustups over delegates and all of that because it's actually feeding his argument. adam, what do you make of this and how donald trump seems to be riding himself after what had been a couple of rocky weeks? >> isn't it amazing, ten days ago they were coming out of wisconsin, starting to say he's in trouble. ten days later, hailing the comeback? after i think what's clear is donald trump's gotten his mojo back, maybe returning home to new york, that started the ball rolling. his language about the rigged system obviously is going into the teeth of the fairness argument about conventions. neil: yet he knew very well the rules of the game, but the way he framed it is this is proof and echoed it again on the "wall street journal" editorial that this system is rigged and how has the system been working out for you? will have a brilliant way to term negative news on its head. >> i think he is going to the heart of the doctrine of fairness. one person, one vote, and the parties have a tough time explaining that away, and there's something else happening in parallel, neil, thematically with donald trump. he is pushing the now deal. we had fdr and the new deal, coming in at a time when america was down on its luck. donald trump is on the now deal, fix the borders now, take out isis now, take care of veterans now. the now argument is tough to fight, and i think donald trump is the right messenger for the times and for that theme. neil: do you see him winning on a first ballot in the consensus seems if he doesn't, he's not going to win in successive ballots? >> i've got a theory about that. i think he's very close to the 1237. if for some reason he doesn't make it, here's what i think is going to happen. the great deal maker, the deal of the century. talking about someone who's known for nothing else is putting a deal together that works. i think donald trump understands if he's short, the worst thing he could do is wait for a second or third ballot. i would assume he's going to try to strike a deal. we could see could it be with cruz? could it be with kasich? could it be marco rubio? i think we're going to see a surprise where the establishment that glees, they have all the cards when they get to the convention, might not have cards left in the deck when donald trump does what he's known for doing best. neil: he is the guy that wrote the book on it, "the art of the deal," i think we're on chapter 9 right now. thank you very much. you will probably see this video again and again and photos showing how a russian jet got within 100 feet of this u.s. carrier. now, what is interesting is that secretary of state kerry said that alone would have warranted shooting the jet down. but it's not so much what happened here. it's why it keeps happening again and again everywhere. . >> i'm nicole petallides with your fox business report. the lose of the day, the dow down 19. 17,906. they're looking at 18,000 yesterday, today right now slightly to the down side. the s&p 500 down too, and can you see the nasdaq down about 3 at the moment. this week a winning week up more than 1.5% and the banks helped things along. citigroup up 11% this week. valeant beaten down, down about 7% this year. up 1.2% this month, up 25%, this is valeant exploring reviewing options and interest for buyout firms to move forward, and so right there, there's the year to date picture, it has had a surge this month of april. and watch the energy stocks, oil up 8% for yesterday's close, giving some of that back today, and the energy stocks mixed with enso national down 6%. we're watching this weekend's big meetings. xerox real time analytics make transit systems run more smoothly... and morning chitchat... less interesting. transportation can work better. with xerox. thank you for calling. we'll be with you shortly. yeah right... xerox predictive analytics help companies provide a better and faster customer experience. hello mr. kent. can i rebook your flight? i'm here! customer care can work better. with xerox. wait i'm here! mr. kent? . >> the key is we've got to convince everybody this isn't a bailout. >> no way to guarantee there won't be a bailout. >> i don't think anybody thinks this is bailout. >> none of us wants a bailout. >> it's not a bailout. neil: technically they're right, the plan they're working on in washington is to freeze assets of $70 billion its owed, puerto rico owes and restructure that debt like a bankruptcy without calling it a bankruptcy. if that doesn't work, if it fails, puerto rico would be looking at a bailout. this is one step shy of that. doesn't look promising. so the next step would be barring that refinancing debts, juggling debts, doing what do you in bankruptcy, it would be looking at, well, help from washington no guarantee it would get it. we'll keep an eye on it, it's a big subject of our next hour. you see the videos of the pictures of the oh, so close presence of a russian jet fighter to a u.s. ship. now john kerry saying that was close enough to warrant ships shooting that russian plane down. then what do you do about ships that similarly harass in the strait of hormuz or the likes of the china seas. j.d. gordon sees a pattern here. you say secretary kerry is right, they should have shot this down, i hear another retired general saying even if you are making that attempt and setting your sights on it, the people, the pilot would know that they set their sights on it before, firing a missile would have the same effect. you agree with that? >> i agree with secretary kerry that the russians are acting irresponsibly and ought to do more. we're not respected, that's why the russians and the iranians and the chinese are trying to push us around. history tends to repeat itself, when others fall, others rise to take its place. that's why russia is trying to scare us out of the black sea, the baltic sea, that's why china is trying to chase us out of the western pacific. we're not respected again. neil: how do you say, that people have said, i think it was chris christie when running for president, if he were harassed or we were harassed in the south china sea or the islands happening there in militarizing and setting up, that it would be all but an act of war. would it? >> it could, but we have to do a few things first. tough on enemies like isis. we should have knocked them out about a year ago. that's overdue, we haven't been strong enough militarily. with allies, they need to pay a lot more than they are. we're a third of the population of nato. pay three-quarters of the defense bill. it's time for the nations to pony up and take more of the share of burden. same with allies in japan and south korea. we need to defeat the political correctness in america like the george soros movements trying to convince americans like the slavery jim crow laws empower americans in the world. one of his close friends is prime minister of albania. ramma was here in washington meeting with leaders at the white house this week. and look the ties like to george soros. neil: j.d., thank you very much, my friend. >> thanks, neil. neil: mcdonald's must be listening to me again, you might recall when i told them they were in downtown, they need to try all-day breakfast. they did. you know what could boost things? how about those fries of yours, and offering free refills? you're welcome, america. you're welcome, america. mcdonald's just did that, too. hii'm here to tell homeowners that are sixty-two and older about a great way to live a better retirement... it's called a reverse mortgage. call right now to receive your free dvd and booklet with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money... and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home and here's the best part... you still own your home. take control of your retirement today! . neil: all right, apparently mcdonald's must see something in offering a lot of stuff that health food fanatics don't flip over, including all-day breakfast. you're welcome, america. following up on my second idea, limitless french fries. wow. you're welcome, america, again. mcdonald's is at least considering all-you can eat fries, we get two of the skinniest and healthiest people at fox business to talk about it which is in and of itself interesting. dagen mcdowell. >> if that's the worst that you call me, amen to that. neil: and connell mcshane. what do you make of the move? >> congratulations by the way. outside influence. neil: i told them get rid of the salads but they got rid of the wraps. i did hear it. thank you. >> it's interesting that mcdonald's for however many years we heard over and over they were going to go healthy in the salads and the wraps and this and that. neil: which they have. they have one wrap left, right? >> hello! the egg mcmuffin is a delicious tasty, high protein, fairly low calorie option. neil: which draws me to it. >> 300 calories, grande mocha frappuccino is more than 400 calories. neil: how much would four of them have? >> all you can eat fries is great. i have all you can eat, i have four large french fries and share this still warm. neil: i'll be the judge of that. this is the signature item. >> even nutritionists who we all hate think that fries are delicious, and they are absolutely delicious. now you have to eat them warm, these are still warm. if they get cold. >> soggy. neil: i always argue fresh, give me fresh, i don't want what's left. >> can we get a close-up of dagen chewing the fries. they're kind of addictive. the all you can eat portion of this could be on the dangerous side. >> this is just an idea that's being floated and/or executed by one franchise. neil: they fought me on the egg mcmuffin thing. >> with this, you can't do all you can eat, you're going to have people camped out in the restaurant all day long every day. >> this is limitless, the cost. >> it's greasy versus sticky, there's that discussion. >> next thing it will be mcdonald's filing for bankruptcy. [laughter] >> this company is doing fantastic, this turnaround plan, the stock is near an all-time high. neil: you're welcome. remember when amc said that it was considering allowing people to text in theaters? apparently they got an earful. >> in two days they got an earful. neil: and now amc says it's not going to do that. what do you think? >> we don't read our e-mails and tweets. i like the statement, with your advice in hand -- people went crazy about this, one of the few places where you -- neil: what were they thinking about doing it in the first place? >> adam aaron gave an interview who is the ceo, he's run every company, cruiseline, starwood, vail resorts. gave an interview with variety and said we want to lure millennials. the number of tickets sold -- >> the millennials don't watch the movie. they talk. >> people watch stuff on tv, you watch a game and you are tweeting along, texting a friend, maybe they were trying to tap into the lifestyle. neil: it was not the week to do it, especially when they have the rival service that big honchos are cooking up like a napster getting ready to compete with the theaters. >> where you pay 50 bucks? >> right. the idea gains credence among people who are frustrated when they hear theater of thinking of doing something like this. >> we know with young people, they tell some people they can text in a safe space and it's going to be a rolling boulder that ruins everybody's theater-going experience. neil: she raised a good point. as a mom and takes daughters to a lot of kid shows and they're boring for her, as a mom, it's her duty, she thanks god for devices so she can text, she's not going to watch it. >> that sounds like a bad parent. >> she's there with the kids. neil: why does mommy only have one name? [laughter]. >> i know her full name, and her real name. neil: so do i. >> do you? neil: no. [laughter] >> listen, people turn phones on and screen is lit up. >> relax. >> it's annoying. neil: it's not going to happen. >> i'm your friend. >> i'm still mad about it. neil: guys, thank you, both very, very much. sean parker of napster fame pushing the in-home streaming devices, all the rage right now. we're going to be getting into that in the next hour. also startling news to tell you about, we're keeping track of a 7.1 earthquake that's just hit southern japan. tsunami warnings have been issued. doesn't necessarily mean we translated tsunamis, we don't know where in southern japan that has hit. we're keeping an eye on it for you. we'll have much more after this. . neil: all right, as we get ready for hour two of "coast-to-coast," great to have you back, i'm neil cavuto. a couple of things we're focusing on is the ongoing campaign, bernie sanders in rome now, at the vatican, dicey whether he'll have a chance to catch up with his holiness, the pope. pope francis talking about the simpossium on looking out for the plight of the common man, no guarantees the pope would be there. the pope is not at said symposium but is in rome. he interrupted his campaign in new york out of the primary to go to rome thinking maybe, maybe, i'll have an audience with the pope. that would be the money shot. no indications whether they have met or will meet. we shall see. back in this country and what's going on in the republican side of things, peter barnes on the great colorado delegate protest. he's in plattsburgh, new york where donald trump will be speaking later today. peter? >> reporter: not sure if we're actually in plattsburgh neil. i think we made a wrong turn and we might be in canada, that's how close we are to the canadian border and everybody is saying eh? let's go west, 1,000 angry supporters in colorado are expected to show up for a protest at the colorado state capitol in denver. it's a protest organized by a group called colorado votes matter. they and donald trump are angry about the process and the outcome of last week's colorado state republican convention which was dominated by ted cruz supporters. cruz capturing all 34 of the colorado delegates to the republican convention in cleveland. they say, by the rules and fair and square, but trump has been on a rage about this outcome and process all week, and "wall street journal" op-ed this morning he wrote, quote, what we are seeing now is not the proper use of the rules but a flagrant abuse of the rules. he says delegates are supposed to reflect the decisions of voters but the system is being rigged by party operatives with double agent delegates who reject the decision of voters. trump is demanding reforms, in a memo to reporters this morning, rnc strategist shawn spicer defended the process saying campaigns have to know the rules whether delegates are picked through primaries, caucuses or conventions. neil, back to you. neil: peter, is that an elton john song playing in the background, and if it is, does elton john know it? >> it's elton john, billy joel and luciano pavarotti all the time at every rally. i know these songs by heart, and now i'm going to break into o, canada. >> i heard that, i would not link up that particular singer with donald trump, but you never know. thank you, my friend. as always. take a look at this poll whether they had elton john or donald trump, because of the dustup over delegates and who's getting what and when, trump supporter with me now, congressman kevin kramer, a republican from north dakota. congressman, what do you make of the fact that donald trump has turned, you know, i guess lemonade from the lemons he's been dealt in colorado and had it working to his advantage? >> makes perfect sense to me, neil. donald trump has tapped into an underlying feeling of disenfranchisement by voters. this speaks to democratic and republican voters in north dakota and the midwest, that's the case. when you have a case like colorado or similarly in north dakota where we also did not have a caucus but rather elected delegates to be unbound at a convention, you see this populism spring up from the grassroots and donald trump tapped into that. i'm not surprised he's widening the gap as a result of not just colorado but his response to it. neil: congressman, thank you very much. i do want to allow because just as you are now chatting, ted cruz is addressing reporters right now. let's listen. >> republicans behind the campaign is twofold. number one, we want real problems to the solutions people are facing. my priorities as president, are jobs, freedom and security. my number one priority will be to bring back to america high-paying jobs, bringing back jobs from china, back from mexico, raising wages, expanding opportunity. if i'm elected president, we'll repeal every word of obamacare. we'll pass a simple flat tax and abolish the irs. we'll rein in the federal regulators that are killing small businesses and stop amnesty and end sanctuary cities, and the effect of that is going to bring back to this country millions and millions of high-paying jobs. we're going to see manufacturing jobs coming back to the state of new york. we're going to see wages rising for hard working americans trapped in stagnation and we're going to see young people coming out of school with hopes and dreams and once again opportunities with two, three, four, five job offers. that's what the election is about. and the other reason republicans are uniting behind our campaign is because every day it becomes more and more clear that if donald trump is the nominee, hillary clinton wins and she wins by double digits. if i'm the nominee, we beat hillary clinton and we turn this country around and bring back jobs and economic growth to the country [inaudible] >> i feel tremendously encouraged at the support in new york and across the country. this is an effort of earning the votes. >> reporter: last night wasn't reflective? >> listen, we are traveling the state. we are traveling the country, and that the point we won 11 elections in a row. i could not be more encouraged at the support we're seeing. >> reporter: in the op-ed talking colorado saying it is a voterless victory and you are bragging about it. >> it is not surprising when a candidate loses 11 elections in a row, he's unhappy about it, and so he complains. and that's fine. look, we're focused on winning elections with the people. 65,000 people voted in the state of colorado. donald is unhappy with how they voted. he's entitled to be unhappy. we're focused on winning votes from the people. that's why we're winning state after state after state and earn a majority of the delegates, win the nomination and beat hillary clinton. >> reporter: specifically uniting to beat hillary clinton, bill is making a campaign stop for her tomorrow. could she lose new york? >> sure, i don't consider myself an expert on democratic party politics. that will be up to the democrats, if it ends up being bernie or hillary, i look forward to beating whichever socialist wins the democratic nomination. >> reporter: senator, what do you make of bernie sanders being in rome and trying to meet with the pope? >> look, i think it is wonderful to meet with world leaders, to meet with the pope. my disagreement with bernie has never been -- it's been his policies. he's a socialist. he tells us what he believes, something i said many times on the campaign trail. i was visiting with a young lady in wisconsin, a college student, she was a bernie sanders supporter, and i said something that surprised her, i said i agree with bernie, she was quite startled to hear that, that's not what she was expecting a republican candidate for president to say. when washington talks about how bernie sanders is corrupt, how career politicians in both parties get in bed with the lobbyists and special interests and big business and the fix is in and the working men and women of this country get short end of this stick, he's absolutely right. where i disagree with bernie is on the solution to the problem. which is if the problem is washington is corrupt, why would you want to give washington a whole bunch more power. i think the right answer to the corruption is take power out of washington and bring it back to the people, and, you know, i'm not going to suggest to you in that conversation i necessarily flipped that bernie supporter. she stopped and began thinking about it in a different way. and that's something we are working to do over and over again it. may reflect why i am beating hillary clinton with young people by double digits. because i think young people are tired of the corruption in washington and looking for a leader who will stand with the working men and women in this country and not the special interest in washington. >> reporter: obviously here, thousands are losing jobs because of fracking, how are you going to change that? >> unfortunately, new york democratic politicians have prohibited developing the resources that new york is blessed to have. and we have a situation where in the state of pennsylvania, not too far away, thousands upon thousands are getting high-paying jobs or seeing property values go up. able to pay for families, able to pay for college for kids, able to contribute to churches and charities, able to pay property taxes and strengthen their fire departments and police departments because the leaders in pnsylvania understand that we can responsibly develop the incredible resources we've been given. sadly, governor cuomo is too beholden to the radical democratic left to be willing to allow new yorkers to get jobs. new yorkers deserve to have an opportunity to develop the resources in this great state. new yorkers deserve to have jobs and it's the reason why we're seeing the blue collar jobs that were the backbone of the american middle class disappearing. because politicians are killing those job opportunities and my number one priority as president will be to bring jobs back to america, to remove the barriers so we can develop our natural resources and see incredible economic growth. we're going to see wages going up again. they haven't gone up for over a decade. people are scared, frustrated, but we can fix this, and i'll note we've done it before. the last time we had a period of economic stagnation like the one we're in was in the late 1970s coming out of jimmy carter. what happened in 1981 ronald reagan came into office and cut taxes and lifted regulations and small businesses took off. and the small businesses lifted millions of people out of poverty. millions of people into the middle class into prosperity. we can do that again, that is exactly what i intend to do as president. >> reporter: 18 points behind trump, are you concerned? neil: listening to ted cruz in binghamton, new york, you might have noticed how he deflected a question how he was not robustly received in new york at the republican forum. he was all but ignored. reaction from alexandra smith. his pitch is he isn't gaining steam. i've won 11 straight elections, left out missouri which was ruled in favor of donald trump. but having said that, is he risking losing momentum? what do you think? >> i think that we still have a lot to go on the primary calendar, believe it or not. for everyone out there it's felt like a long slog and has been certainly. but still time left on the clock for both of candidates to get to 1237 as we head into cleveland in july. i think there is time to recapture momentum even if senator cruz doesn't fare as well in new york. i think certainly if you look ahead to states like california. if you look ahead to other delegate selection processes where he's had teams on the ground there, there could be favorable conditions to him in the future. neil: crunched for time here, alexandra. i'm getting the impression from the senator, and he's saying this in binghamton, new york, he's spent a great deal of time in other states, for example, in pennsylvania, good deal of time in california. not that he's giving up on new york, but maybe giving up on new york. what do you think? >> you know, i think at this point the candidates are -- it's such a granular process at this point. the candidates are playing their strength. no surprise to me that donald trump is in new york, that he's embracing that full brand in that state at this point. i think ted cruz's plan all along and something his campaign planned for fastidiously before all of this got to a place where we thought it was going to go a contested convention, he's been strategically spending his time in these different states. i have to tell you, i was heartened to hear what he said about young voters. good to hear our candidates talking about young voters in the primary process because young people are hurting and he can play to voters that might be still left on the table in some of the states by talking to young people. neil: hang in there, i want to talk about something else that's getting a lot of steam today. a particular exchange i had with a young woman who is not exactly of alexandra's political persuasion, but an exchange that you all need to hear, that is a view from a liberal who doesn't find her own party liberal enough. >> i'm a tax paying citizen, a young person seeking opportunities and a system that is unable to provide it regardless of what the argument, and i they this system of capitalism has proven itself illegitimate and cannot provide basic things like education, shelter, health care. ♪ these little guys? 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you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. shoshow me more like this.e. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. . >> you are saying that the united states cannot provide quality education to a citizen. that is the reality. is that what you're telling me. neil: i'm saying the united states can't afford as things are now to pay for college for everybody. >> but it can afford war. i'm a tax paying citizen, a young person that is seeking opportunity in a system that is unable to provide it regardless of what the argument is, and i say that this system of capitalism has proven itself illegitimate and cannot provide basic things like education, shelter, health care! >> all right, that went on for quite a while. 16 minutes or so, the full interview was on fox news and fox business websites. but i wanted to go on, our producers wanted to go on because these debates should ensue, might be talking past each other. we don't hear them enough, we don't need to get into the side stories where she comes from, what she's doing, what my motivation would be, what hers would be? doesn't matter. espousing the points of view, where you're coming from, discuss it in the open, though it can get heated. it should be fine. it did hit an important point it is this which is integral to the election. the role of government. do you want more or less of it, it comes down to that. those who want more of it is a it's not serving them well, and it's the fault of democrats as well, including hillary clinton with whom she's not enthused but when it comes to bernie sanders she is. pick this apart with millennials, christie, alexandra. beginning with you on this notion that the government has failed particularly young people, particularly young minorities. what do you think? >> i have to agree with you, neil. not simply because i'm on your show, i appreciate the fact you bring on people like loretta and keely before her to show what's going on in college campuses. this should be an alarm bell to free market enthusiasts and conservatives out there. this is what is going on in our college campuses, college republicans have been trying to bring to the forefront for everyone's minds which is that bernie sanders coming on, promoting socialism, promoting free handouts for everyone, and this is a generation as you said to me earlier that never seen the government work for it in its lifetime. when government seems to be failing them, when they've been dealing with double digit youth unemployment under this president. skyrocketing credit card bills and skyrocketing student loan debt, they're hurting, they're scared. neil: they're very angry about it, her rage was palpable. angela, the irony in the argument was this young woman said the notion that we need more money for things like college, and we need more money for a host of other things. when i was trying get the point why, don't we look at the money coming in. record revenues are coming into washington now and how it's spent, and if we both agree when all is said and done, we look at taxes. i don't think we're there, though. the knee-jerk reaction, i'm not blaming her but the left in general is more money, more money, more money. >> that's right, and i agree with these million student march activists but not for the reason that they would think or probably that they would like. i think that college is too expensive, and if you look at when this started, these huge astronomically rising college costs in the time it's taken college costs to triple, federal aid has quadrupled. schools see that the government is the lender of choice for kids trying to get an education. since it's not banks anymore for the overwhelming majority, they're getting loans through the federal government. they say great. thanks. neil: the cost of college is going to go up all the more. be careful what you wish for. christie, the question is how republicans and traditional politicians failed people like this young lady who feel that the government doesn't look after them, you and i can debate whether that's the government's role, but it has failed them, and i think republicans who ignore people like darleta, who ignore the protesters around the country, whether they be the verizon workers who are on strike or those demanding $15 minimum wage and saying well, and i've heard this from republican operatives, they're not republicans anyway. they'll never be republicans if you keep ignoring them. you've got to present an argument that would make them consider you. what would that argument be? >> i think you have to inform them and tell them some of the implications of okay, free college sounds great, but we can't even afford the entitlements we are already giving out. here's the way we're going to address your problem. neil: that's tough love. that's a elect tour a lot of young people, maybe not to you or colleagues here today. but i feel that that message has failed and mitt romney tried, it john mccain tried it. how do you make it work this time? how do you show this is a way to go, capitalism could work if. what do you say? >> i think you have to make the effort to reach out to millennials and the republican candidates are skimming over millennials, not targeting us the way they could be or should be. i think reaching out, they do "saturday night live" which is great and you get millennials to watch that but not getting the issues across that way. you need to find ways to target them because a lot of the millennials get their information from comedy central and the "the daily show" and other sources that aren't news sources you need a full-on millennial, pr attack to get through to them and get them on board. neil: good point. angela, what would you do to reach out to millennials who feel republicans ignore them? >> sure, you have to show millennials, people like me that we don't need government to look after us, we need government to get out of our way. we're an independent, a self-identified generation, and if -- we're always do it yourselfers, in part because of the way we grew up under the financial crisis. so i think the case needs to be made not of you're on your own kid or government's going to take care of you entirely, there's a happy medium that very conservatively says government's going to get out of your way and that's going to allow you to do better and get an education that is better and far less expensive because you're doing on your and own get the government out of the picture. neil: the tough love argument. >> it's a tough argument. neil: what do you think? >> for a millennial, this is easy, everything that works in their lives works because of free market principles, the way they buy things online, the way they communicate. neil: that's not bad. >> we have to show it to them in their terms. we've been talking too often in the old language, the old terms. millennials understand freedom. they live it out every day in their life. we have to explain it to them. neil: we have ideas here. my idea, like being the old guy on the front porch, get off my lawn, apparently is not working. ladies, thank you very much. we're keeping track of the earthquake in southern japan, the 7.1 earthquake at that. and the concern of tsunamis.for, we haven't gotten any further updates. stick around, you're watching "coast-to-coast." my dad gave me those shares, you know. 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. top gun graduate, aide to two u.s. presidents, commanding officer and harvard national security fellow. i'd say buying a car, uh, can make you as nervous as landing on an aircraft carrier. but usaa car buying service mitigates those fears. uh, they make it a very easy experience for you. find the right car, save money. it's that easy. usaa car buying service, powered by truecar. exclusively for usaa members. . . >> i'm connell mcshane with business headlines from coast to coast. we start with the entertainment business. a lot of people watch the show, "game of thrones." the sixth season premiers in april. looks like a story in "variety." there is endgame. they do 10 episodes a year. "variety" says they're planning after this year, 13 episodes total. after season 6, 7 episodes and six more the next year. if you're "game of thrones" fan that might seem important. university of michigan numbers on consumer, consumer sentiment fell bottom line on number behind me in march. consumers seem to have better view of present situation generally speaking than they do looking forward to the outlook for the future. we had a fox poll, all the way, politics involved in it, this implies to consumers as well. rank the economy number unissue facing economy. number one issue we're following is breaking story out of japan, that 7.1-magnitude earthquake hitting southern part of the country after the 6.2-magnitude earthquake that struck and killed nine people and injured hundreds more. we do not have much more information on the extent of the damage of this particular earthquake hit today. we know a tsunami warning issued for the area. neil: thank you, my friend. the opec meet something kind of like the normal process before they get details what commitment any of these members made to either increasing or decreasing production. that is the full extent of my knowledge here. fortunately phil flynn knows volumes more from the cme. what do you expect of this powwow phil? >> i expect a historic agreement but i do not expect drama. oil prices were up as optimism was growing that we would get a deal at least to freeze production and lay groundwork for production cut in the future that all went up in the air, iranian oil minister said i won't go to meeting. i don't have to be here. they will need iran in the future to cap production at some point even though they're not expected to join the original team. that caused a lot of concern and the market sold off. guess what? all of sudden market creeping back up higher. we got another report about production destruction here in the united states. baker hughes rig count just came out and oil rigs fell once again for the fourth week in a row by three oil rigs that means u.s. oil production is going to continue to fall. it might not matter what opec does if we keep pumping less oil. back to you. neil: phil, thank you very, very much. keep an eye on that. keeping an eye on bank stocks, despite the fact most banks saw profits decline, in some cases precipitously a year ago but in some cases it was better than expected. you know stocks do well in face of that, not all of them. certainly a good week for the banking sector. having said that, only one is ready if it hits the proverbial financial fan like it did during the meltdown. citigroup, enough cash on hand, enough capital as it were to buttress any storm. doug holtz-eakin on that. former congressional budget office director. doug, do you buy that only citigroup is ready for this? even if it is, knowing what you know happened during the meltdown, all the capital in the world can't save you from a market going out from under you, right? >> citibank, didn't get so-called seal of approval. it was not not credible was very bizarre way you're doing okay. but key for those who failed, jpmorgan, was not they lacked capital. that they lacked executable plan. in some cases liquidity. those banks are not in bad shape. citigroup is not dramatically in better shape. they need executable plans when bad things happen. your point is the right one. if it goes south you can't save any of these large institutions. all you can do make sure they get themselves in trouble they don't transmit problems to something else. that is the purpose of living wills as they're called is supposed to accomplish. neil: many critics on this show particularly those on the left, this young woman hates capitalism what it wrought, saved a lot of it banks that were rescued, they caused all the world's troubles. do banks hurt themselves and ceos when they point fingers at government help for other causes and ignore when they're the beneficiaries of it? >> i think you have to be honest what went on in the crisis. they got help from the government. it meant that the managers kept their jobs. ceos didn't get thrown out. shareholders didn't get wiped out. that is what happened for example, in the savings and loan crisis years ago. they got that help. i think they should be honest about it. and they don't want it again. i think they need to be very clear an run their operations in a way it won't happen again. the flipside, i think the government needs to put in place something that looks likes a special bankruptcy law for large financial institutions so they do go away and we get the proper market discipline. neil: doug, thank you. good seeing you again. >> thanks, neil. neil: all right, bernie sanders at the vatican but will he get the money shot? the guy's is like the boss of the vatican, the pope. does he get that picture? if he gets that image, it will we b >> i am very to benefit from different points of view. and by consistently breaking apart risk to focus on long-term value. we actively manage with expertise and conviction. so you can invest with more certainty. mfs. that's the power of active management. 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(vo) go national. go like a pro. neil: you know, even bernie sanders most fervent backers saying what was he thinking? he is closing the gap in new york, within 10 point in some polls, had been 20 point before, off he goes to the vatican to attend a big pow-wow on the plight of the common man and one that the pope won't even be at. there is still a possibility, this is bernie sanders earlier in vatican city he could still meet with his audience but, but, there is no guarranty of that. which raises the question would it be a waste of time without that famous picture? if it ever came to that. adam shapiro outside of st. patrick's cathedral in new york city where it is all going down. adam? reporter: hey, neil, we were speaking people outside of st. patrick's about sanders visit to vatican. this is education conference being sponsored bit cat van. this is passion of his why he couldn't resist going but he is also hoping to get a photograph with the pope, the papal spokesperson says there will be no photograph. the pope is on his way to grease. he meat with attendees at education conference. he met with reporters outside the vatican. bernie sanders is meeting with bernie sanders supporters outside the vatican in rome. what about the new york primary? that is starting on tuesday. you would i think if he closing gap with hillary clinton he would want to be here. we asked people outside of st. patrick's cathedral outside of rome what he told us. >> if he wasn't talking about things with basically christian values to begin with, it might not be appropriate. we think everyone needs a decent way to maintain themselves in the world. any place you speak about that is a good thing. reporter: so bernie sanders who talks about a moral economy is in line with what the pope says with regards to a moral economy. but of course the new york primary is the headline. on tuesday mr. sanders will find out if voters agree with him. he is closing the gap. sienna college poll earlier in the week at one point had hillary clinton ahead by 20 points. she is only ahead by 10 points. the national fox poll shows on national level she is only ahead by two points. back to you, neil. neil: adam, thank you very, very much. he seemed confirm that he already left, going to greece which isn't a far journey, maybe that shot got in there before him. doesn't look like he did. i guess they could always photoshop the pope in. that would not be right. what am i thinking. father robert siroco joins us right now what he makes of all of this. father, always good having you. >> same here. neil: there is this idea that if you're seen in the audience of the pope, that helps, looks good for any politician. is it a waste of time if you don't get that? >> i mean that's something for him and the politicians to discuss. what's interesting to me is the irony an atheist socialist addressing a vatican conference. by the way this conference wasn't so much an educational conference. it was a conference commemorating the 25th anniversary of the encyclical which is arguably the most free market encyclical ever issued by a pope. it affirms the effectiveness of the free market. it denounces the deleterious effects of the welfare state. it even talks about the morality of profit. this is the conference that bernie sanders is speaking at. there are other people, other socialists also speaking at it. but also some people, in fact a senior fellow of the action institute spoke before bernie sanders. he is very close associate of saint john paul the second. there is a -- st. john paul ii. this is irony. neil: senator sanders is running as politician for president of the united states. being at vatican looking above politics whether you are or not does send a message. i don't know if it helps in new york but could have fallout later, right. >> i don't know. i'm not a policy wonk or a politician. what i do know is that, it is very unusual for a politician to be running for office, to be invited to the vatican to speak at this. now the chancellor of this particular academy, archbishop sanchez, who is an argentinian, is a kind of loose cannon. he is, remember the one that invited jeffrey sachs to collaborate? neil: yes. >> now he invited this and, it's breathtaking to see the kind of stuff going on in the vatican in recent days. neil: well god works in wondrous ways. father, always good seeing you. thank you. >> good being with you, neil. neil: and by the way, puerto rico will need some heavenly help right now. it is very close to seeing a, what would effectively restructuring of its $70 billion in debt go down the tubes. which makes it all but certain it will need a bailout which is anything but certain after this. ♪ understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. >> time for the octobers business brief and we have stocks, we've been showing you oil as it is down a dollar. stocks are down today. we came into the day thinking about dow 18,000. we're not far off it when you think about it at 17,882. still down for the day. for the week the dow is up a little less, a little under 2%. the, with this weekly advance. so we're having a nice week. s&p 500, a broader measure of stocks up 1 1/2%, give or take. the nasdaq is similar to the dow. it is up 1.7, 1.8%, something like that for the week. it has been pretty good week for stocks individually. run through a few weekly winners for you. on jpmorgan, that is a nice week. 7%. bank earnings looked good. same for goldman. caterpillar is up a lot. fair and balanced, if you you have winners look a few losers. show me the losers. neil is back with more coverage. "coast to coast" continues. every day you read headlines about businesses being hacked and intellectual property being stolen. that is cyber-crime. and it affects each and every one of us. microsoft created the digital crimes unit to fight cyber-crime. we use the microsoft cloud to visualize information so we can track down the criminals. when it comes to the cloud, trust and security are paramount. we're building what we learn back into the cloud to make people and organizations safer. neil: hi, there. the president is now making this push to change set-top boxes, i think largely for cable systems. colin mcshane with more on that. what is he doing? >> it is interesting he is even getting involved in it. fcc, they wrote a letter, the white house did, to the fcc to comment on new measures that the federal communications commission may sake take as you say on set-top boxes. we pay to lease, we being americans, lease set-top boxes $200 per year on average. thinking about changing that you can buy it. >> no, they force you to lease it. the president god involved issuing executive order, go out make the market more competitive. came up at the briefing, josh earnest briefing. we have josh earnest. here is josh earnest what he said about it. >> the administration is supportive of an effort to try to promote greater competition when it comes to set-top boxes for television. this would provide an incentive for greater innovation in a way that could save consumers money. >> so i think the bottom line is, other companies like technology companies would love to get involved in this. say as an example, google or apple. apple already has apple tv to make these set-top boxes get your cable off of it but get everything else. you would get your apps and be able to watch streaming shows and that kind of thing all on one device that you would buy, pay for and then own. you wouldn't be forced to rent it from the cable company. neil: like to be phone. you rented your phone. >> right. neil: now you can buy it outright. >> exactly. neil: why so long for cable? >> that is the whole argument having monopoly for the market for many of these cable companies. there is only one cable company in many areas. kind of a wider story i guess. because they control so much they're able to set their own rules. i think story today is interesting, because very rare for a president to even get involved. it happened, to get involved in anything the fcc is doing. he did it, but fact he is getting involved leads people lead more in the direction of trying to make cable tv in general more competitive. there has been some conversations about this from a la carte pricing on all down to all other things this doesn't necessarily relate to that directly but kind of in the same park. neil: we worry, miraculously all fox channels will be removed. >> right. [laughter]. wait a minute here. neil: don't have any idea. thanks, buddy. we're getting a little bit more news on this puerto rico situation here. they have $70 billion in debts. they want to essentially do, like what you do in bankruptcy, sort of, juggle them, prioritize ones they can pay versus ones they can't, with blessing essentially, with the united states government but doesn't look like they will get that. which means essentially they would have to go bankrupt. that would mean they need a bailout, so they argue. there is even less appetite for that in washington. this is a mess. i only mention it because there are a host of cities and states watching this one, saying if puerto rico, a commonwealth gets help, we should get help. oh, boy. get ready. so why pause to take a pill? and why stop to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating 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, or adempas for pulmonary hypertension, 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. insurance coverage has expanded nationally and you may now be covered. contact your health plan for the latest information. and you may now be covered. you premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. neil: good news. despite this earthquake, looks like a big one that riled southern japan, the tsunami warning was lifted. saw no irregularities at three nuclear plants after an aftershock. all worries about tsunami is concerned. anytime you have a 7.1-magnitude earthquake hitting you, obviously damage, maybe some severe damage will be reported. for now the tsunami warning has been lifted. we'll keep you posted. also keep you posted what happens to puerto rico. it essentially wants to refile, take a look at its debt, essentially, like a modern bankruptcy, and sort of start from scratch. that is easier said than done because not every city or state has a lot of those rights in the united states. so they would resent puerto rico getting the same treatment. that begs another issue i will raise with my friend dave main any. then you're looking at at commonwealth that would need a bailout, were to get a bailout. i would imagine, dave, unlikely. what do you think? >> i think it is unlikely but one of these things like some things in our society and laws there is a lot of white space. we don't have definitions and codes for anything. so there is a municipal bankruptcy code, part of the old chapter 7, chapter 13 structure. neil: we did in the '80s, watching public power supply. >> there are things like that. in effect states are considered sovereigns, almost like another nation. it was thought they could never go bankrupt. in fact there is nothing in our laws for them to go bankrupt. so the great concern -- neil: nothing in our laws, if you can't pay, city or municipality, you can't pay, short of not paying what you do do? >> in the end there are a whole bunch of things in our world and society you know when you come to it because two or six or eight parties will have to sit around a table and hammer something out. what the congress is saying is, hey, we're not ready, we're nod ready to be a party to that. we're not ready to fasill tate that. neil: that is why they're quibbling over the term bankruptcy. >> right. neil: a lot of lawyers are hashing this out. what happens if this doesn't happen -- because it looks like it won't happen? puerto rico is in a world of hurt. investors will get burned, we know that, they already have been. where does this go? >> you have more of what you already got which is downward economic spiral in a u.s. commonwealth and you know, nothing good is going to come of it. neil: would it be any different if they were a state? >> i mean, yeah. neil: same limitation was apply? >> more people would be sounding the alarm. what i think is that, people in illinois and in california and maybe even in new york state ought to be watching this with a hawkeye, no offense to iowa, to see what is going on because it is precedent-setting and it will give them a road map because they're going to get there. neil: normally i have the pleasure talking with you in person, you're from colorado, which is expecting by the way a lot of snow. i will leave that aside. hope you get home safe. colorado will be a front and center, will be a lot of protesters there criticizing awarding of 34 delegates to ted cruz. how big of a deal is that in colorado? >> if you go to message boards or republican facebook pages there is a fair amount of debate. thing i'm seeing from people i know a part of the process there were very few trump folks who were part of the process or who bothered to take the time. neil: now they're whining. >> now they're ticked off. neil: didn't have a primary or caucus. >> look if you want me to sit and defend colorado's gop process, i can't. it is very labyrinth and odd, and it has been labyrinth and odd for one one years. so that is what it is. neil: i hope you get home safe. >> thanks, neil. neil: expecting about eight feet of snow. >> eight to 10. neil: wow. dave, good stuff. be well. now you know why he wears a sweater. it's the law in colorado. take a look at the big board right now. down about 42 points. the quest for 18,000 lives on. it has been a good week for the dow thus far. we'll have more after this. mana .. neil: plattsburgh, new york, just across lake champlain in vermont, a beautiful area, donald trump waiting to speak, he leads in all the polls and obviously hoping to rack up a big victory, that the system is unfair, something he echoed in the wall street journal today, whether right or not, and people are crammed in that location. how is it working out for you? we will see you. >> republicans barnstorming across new york four days before the big primary is a poll shows donald trump with his biggest lead so far in the national race. welcome to "the intelligence report". our national poll showing donald trump with an 18 point lead topping by 45% to 27%, the best so far and front runner taking to the pages of the wall street journal with a stinking indictment of the election system writing of a corrupt system that for decades has served the interest of political parties at the expense of the people and the republican national committee wasting no time explaining the process

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