Transcripts For FBC Risk And Reward With Deidre Bolton 20151230

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go? >> exactly. a million people in times square. right now looking at 5,000 to 6,000 police officers in the area, that's counting the times square area. snipers on the buildings, not allow garbage cans to be exposed. seal up all the manhole covers. i think we have the best police departments in the world. they're the best trained. i do believe americans must remain vigilant. don't take it for granted it's new york or d.c., look at what happened in san bernardino. when you least expect it, a terrorist attack could happen. deirdre: okay, fair enough, and why we say this slogan repeatedly. if you see something, say something. >> see something, say something. deirdre: when you look, sergeant, at brussels or ankara or london, there was a couple and in london this doesn't have to do with new year's eve, but essentially the couple received a life in prison sentence for plotting to bomb either the underground subway or shopping center, but asking on twitter which targets they should be hitting? are the authorities getting better at detecting movements? are they better at monitoring social media? >> here's what it boils down to. you are never going to stop everybody. there are so many of them, and there's over 100,000 isis members, okay? and that's the active ones, not even counting the inactive. that's why it requires all of us to be vigilant. you cannot become dependent upon your government to protect you. if you're not willing to protect yourself, you have to stay vigilant. i would suggest people think about if they're able to carry a side arm, if they are able to do these things, able to get training. do it. don't sit back and wait for someone else to help you, the vigilance is incredible. they have derailed many attacks throughout the country multiple times but all it takes is one time, and we saw that in san bernardino, saw that in boston. it happens. deirdre: it certainly happens. next step going forward, have you worked obviously as a gunnery sergeant. you have seen both sides, civilian life, military life, if there is one piece of advice, you would offer whether it's to mayors or governors in the next 24 hours, what is it? >> essentially make everyone aware of the dangers and the risks. make sure you get public service messages out if you see certain areas they must be vigilant with. don't hide anything, keep us aware of what's going on, and i think we'll have a wonderful, happy new year. deirdre: okay, jessie jane duff, great to see you, retired gunnery sergeant. happy new year. >> thank you, deirdre. deirdre: speaking of increased tension, iranian rocket caught within 1500 yards of u.s. aircraft carrier in the strait of hormuz last week. fox news learned about it from military official, colonel bill cowen is with me now. the iranian naval vessels fired several unguided rockets after giving 23 minutes' notice, pretty short notice that a live fire exercise would be carried out. so is iran just pushing wherever it can? >> well, you know, deirdre, there maybe two sides to the story it. may well be we knew long before that warning they gave us that they were going to do this kind of test and because of that we positioned ourselves close to the test in order to collect intelligence, that's us in their face, and, of course, on the other hand, maybe this was a last-minute thing with the presence of u.s. naval ships. a little of them in our face. there may be two sides to the story and we may never know what the answer is. deirdre: in any case, the united states has been complaining about iranian war games, iran, in this case, this is to your point colonel, it's not breaking any maritime rules, do you agree with that? that iran did not break rules? >> no, no, i expect they did break rules. if you think about it, our response has been muted. that is if it happened a week ago and the administration wasn't up in arms and yelling and screaming, they wouldn't want to, they don't want to do anything, the administration doesn't want to do anything that might jeopardize the nuclear deal, they prefer to keep this quiet until it surfaces the story. there's a reasonable chance we picked up good intelligence by being close to the shoot. we would be able to map the communications from the tactical level to the little commander that was firing the missiles, might have gotten information about the guidance, we might have picked up telemetry. all kinds of things we could have picked up by being that close to a test like that. deirdre: okay, now speaking of a test like that, in our response, i hear what you're saying, so far the u.s. has not been particularly punitive, but the obama administration is preparing to sanction nearly a dozen companies and individuals in iran and even actually goes a little further, united arab emirates. there are few other places selling arms to iran and the u.s. is considering the sanctions. does that become a strong enough message and for people who haven't been following as closely as you have, the first sanctions since the nuclear framework was agreed on this summer? >> no, my guess would be even the sanctions are a little minor in the greater respect. looks like we're doing things, the administration wants everybody to believe we're on top of iran and pushing them and we've got the upper hand. any of us who follow iran closely, relationship with iran and iran's relationship with us would never believe for a second this administration is pushing iran to the limits, like it probably needs to be pushed in order to make sure there's not at some point in the future, a nuclear capable iran. deirdre: so colonel, speaking of relationships, the "wall street journal" reporting that the nsa continues surveillance of israeli prime minister benjamin netanyahu, and other u.s. allies, and this is really flying in the face of a promise from president obama two years ago that the nsa would stop essentially eavesdropping on allies. what does this say about our relationship with israel, and we know obviously that netanyahu was very much against the nuclear agreement that the u.s. formed with iran this summer. >> well, i think the fact that the nsa was doing this despite the president's assurances of these kinds of things wouldn't happen speaks volumes about the relationship that this white house has with president netanyahu. and in my judgment, many respects with israel overall. i would add something if i could, if we had a really good relationship as we should have, as we've had in the past, we wouldn't need to be spying on them. the israeli ambassador would be in the white house all the time, talking with the president of the united states or the president of israel, the prime minister would be over here all of the time talking with the administration about what they're doing, what they're planning to do and need help on. it appears this was an attempt to find out where netanyahu was going with respect to not only our nuclear deal with iran but maybe attacking iran, and destroying their nuclear capabilities. so again, this speaks volumes to the relationship. and deirdre as you know, a lot of u.s. congressmen were caught up on the eavesdropping, names, the conversations they had with prime minister netanyahu and this story has a long way to go before it finds an end. deirdre: certainly does, and come out to your point colonel that netanyahu was reaching out to certain congress people as you mentioned there and leaking some of the framework of this nuclear deal, of course, with the idea to essentially sabotage it because israel clearly did not want that deal to happen. felt it was a mistake, and many in this country who think the same thing. >> i agree, and, you know, remembering again that president netanyahu, prime minister netanyahu, excuse me, looks at this as an existential threat. the nuclear iran presents an existential threat to israel. they said it's their intent to wipe israel off the map, having a nuclear weapon capability is in their -- is in their best interest to do what they want to do. in contrast, our administration is rushing forward as fast as it can to sign a deal with the iranians, which although we want on the outside to make it look like they will not be nuclear capable, the premises are in there, the foundation is in there for them to become nuclear capable within ten years, maybe sooner. deirdre: colonel, in your experience, to what extent should the average citizen be worried about the state of affairs in the middle east. is this time more tense or less tense than any other time have you lived and worked through? >> well, thank you, deirdre. i've spent a lot of time in the middle east working on operations on behalf of our country. in my experience, some of it reasonably recent, fwheer a worse situation right now in the middle east than we ever have, and we can go through the countries and problems going on, and the irony of it is to me one of our strongest allies could or should be egypt. and this administration continues to kick egypt around because the current president of egypt al-sisi helped push the muslim brotherhood out, and they're viewed as a terrorist organization inside egypt and saudi arabia. this white house still holds a grudge against president sissi we have not treated egypt right. egypt should be our strongest, most active, most vocal partner in the war, and they have a large army that can help. deirdre: egyptians are listening, diplomats are listening, colonel bill cowan, thank you very much. actor bill cosby arraigned in a pennsylvania courthouse on sexual assault charges. accused over the years by more than 40 women, he faces his first formal charge. we'll bring you the latest on case. in national politics, donald trump going after president bill clinton as he campaigns with his wife, hillary clinton. >> we're going to go right after the president, the ex-president, and we'll see how it all comes out, and i feel very confident it will come out well for us. . >> frankly hillary brought up the whole thing with sexist. it happens to be right in her house. if she wants to do that, we're going to go after the president, the ex-president and see how it all comes out. and i feel very confident it will come out very well for us. deirdre: donald trump striking back at hillary clinton after she said in an interview that trump has a, quote, pension for sexism. my political power panel is here, political analyst eboni williams, conservative commentator kurt schlichter. donald trump said he will spend money in his campaign. in iowa we see a shift in strategy, using software for the so-called ground game. what do you think this means for his campaign? >> it's a good sign, deirdre. people have felt that trump has been playing with house money, getting unprecedented coverage by the press for free. i think it's good for his candidacy to put skin in the game. put his own dollars out there. he's touting the fact he's a self-funded candidate, and people like seeing the fact he's coming out of pocket in a real way it. ads to the seriousness and gravitas of his candidacy. deirdre: and seems to say, okay, now i'm serious about running for president. kurt, trump says he's doing the best while spending the least. this is part of his message, i'm assuming, to take on the political structure and say i can do this better and cheaper. what do you think of that with the gop race getting smaller, pataki of course dropping out. >> pataki dropped out? when was he really in? but beside that, look, i don't see why donald trump's spending multimillion dollars on media. he doesn't need to. she media. he is free media. everything he says we watch, we see, it's all over the media. today he made news again talking about bill clinton and hillary clinton. look, i don't see why he's spending money. i like a guy who doesn't spend money and gets out on the top. and i'm not a trump supporter. deirdre: you are not a trump supporter, we want to give viewers details here. at least $2 million a week on the campaign ads in iowa. that is what trump will spend, and we're learning that jeb bush's campaign will be taking away, pulling $3 million in ad buys from iowa and south carolina. so that group going to be a little more focused on the ground effort. but kurt, does this show that donald trump really and truly if he has to become more serious, spend his own money, does become the front-runner on the ticket? >> look, he's the front-runner on the numbers now. i think he's going to lose iowa. if you look at numbers. ted cruz, a serious, committed, consistent conservative seems to be in the lead. if you throw numbers on from people like marco rubio, you see that real conservatives, people conservative not just for the last election cycle but over the long term are really moving up. i think donald trump is smart to be putting money into the ground game, to actually getting people to the caucuses. what we don't know, we're missing important piece of information. he's got a lot of people who say they're going to vote for them, but are they going to go out and vote at the caucuses. it's cold in iowa, deirdre. deirdre: i know that, i was wondering about that personally myself, i want to bring everybody up to speed. you mentioned comments about the clintons. here's what he said about some of his peers' ads. >> why would we put a guy like jeb, like some of the others. not only jeb bush, they spent money. i see rubio with the ads all day long, the black background, like a black thing. should have put something like that behind him, right? the flag. it's sun birds, i don't think it's good. deirdre: the fact that trump is going after rubio, that is the person he's going after the next few days, eboni do you agree? >> i think cruz is going to come in a close second or win iowa. i don't think that's all bad news for donald trump. trump likes being on the ropes. he does his spirited best coming in from behind. he wants to paint himself like an underdog. clearly he hasn't been for quite some time. i don't think it's the worst thing in the world to come up short in iowa. this will give him a reality check, it's not on lock, you don't have it in the bag, and you have to earn the vote like everybody else. deirdre: got to earn that vote, and i think one of his main businesses was in atlantic city with the boxing ring. i think he came up with the don king era when a fight was good. he likes a fight. >> picking one with bill clinton right now. >> he likes to brawl. deirdre: he likes to brawl. thank you, both, eboni williams and kurt schlichter. the next gop presidential debate will be right here on fox business january 14th. you will not want to miss it. in the meantime, we want to alert to you major flooding along parts of the mississippi river valley. it is inundated buildings and residents seeking higher ground. at least 18 deaths attributed to the rising waters happening both in missouri and illinois. we will continue to keep you updated. we will also keep you updated on actor bill cosby posting $100,000 bail after arraignment on sexual assault charges. former federal prosecutor is with me next about how to try a case that is more than a decade old. . deirdre: global economic growth would be disappointing in the new year. that is the latest from the head of the imf, christine lagarde, rising economic rates in the u.s. and china slowdown. the heritage foundation's steve moore is with me now. steve, first and foremost, do you agree with lagarde? >> if 2016 is disappointing, that's disappointing in itself because 2015 wasn't a very good year for global growth, deirdre. look, i don't put too much stock in what the imf says, they've been wrong about global growth for four or five years, i reject the idea that the u.s. raising interest rates is bad for the world economy. i actually think it's sort of a sign of some strength in the u.s. economy. we're still the hub of the economy. but i agree with her on china. i think china is problematic now, there is a command and control economy and they haven't figured out how to get back to the 8, 9, 10% growth we've seen for 20 years now. deirdre: to your point, is there really a country where the economy is knocking it out of the park because we did, kind of going back a few decades, we took turns. it was japan, then the u.s., and as you mentioned, it was china. if china is not literally firing on all cylinders, the u.s. is at around 2%, what happens? >> well, i was afraid you were going to ask me where the growth was going to come from. i'm not quite sure. i think the u.s. in 2016 is stuck in the same rut we've been in for 5 years. 2% growth is not terrible but not nearly where we should be. it's treading water. i guess i would say that look china i'm not high on right now, and i'm not high on europe, by the way, i think europe is stuck with these kind of big welfare states. the high tax rates. the green energy subsidies that haven't worked out. i would say so many other asian countries like vietnam and singapore and india and countries are where we could see the growth rates surprising on the upside. deirdre: okay, surprising on the upside, everybody who is looking at the energy market is worried about more surprises on the downside, just even looking at oil again today, another close. under $37 a barrel. so at first movement this is great, talking about only the u.s., for u.s. consumers, don't have to pay as much when they fill up at the gas tank. but at a certain point that begins to turn against us. what number, steve, is going to raise a red flag to you? >> you know, i guess i just have a different opinion than most of the economists who look at this. this is a u.s. tax cut of major proportions for industry and for consumers, i am estimating that the average american family saved about $500-1,000 thanks to gasoline and natural gas prices. that is a big stimulus to the economy. it's also a world tax cut. consumers of energy, they're not producers of energy, and the u.s. by the way on that is still an importer of oil and gas rather than exporter of it. i don't buy the argument that gas prices are a bad thing for the economy. i don't see too many people frowning at the gas pump when they're paying $1.89 a gallon. yeah, it's hurting texas and north dakota and oklahoma, for manufacturers and consumers it's a good story. i don't believe the idea that somehow we're going to see oil prices go down to $25 a barrel. i see it stabilizing in the $40-60 range. deirdre: even if we're at the lower end, we're going to stay here and not get to the point where energy companies cut more jobs and that creates a domino effect. >> no, i don't think so. deirdre: a good silver lining, steve moore. there are a lot of analysts saying essentially inflation is going to be one of the biggest stories thanks in part to the fed. what is your take? >> you know, look, these are contradictory things, we talked about how energy prices are falling. energy is the number one input in everything that we produce, right, virtually. it's an input in every single thing, whether it's the tv camera or whatever it is, everything is involved in energy. if energy prices are falling, deirdre, somebody has to explain why we have inflation. this is disinflationary effect that has reverberations throughout the economy, and the fed is right now for the first time in seven years pulling back on money, no. i don't see inflation raging out of control at all. deirdre: steve, what is the one thing you're watching in the new year. big picture, economic standpoint? >> if there's going to be any progress in the u.s. on the things like a corporate tax cut. if we could get that done in 2016, deirdre, that would unleash the economy. i really believe that. i think you'd see jobs coming back to the united states. i think you'd see a lot more investment in this country. but everybody is going to be so focused on this election throughout the year, the economy is going to be in a holding pattern until we know who wins. deirdre: fair enough, steve moore, great to chat with you, thank you for the time. joining me from the heritage foundation. moments ago, bill cosby arraigned on aggravated indecent assault charges stemming from encounter in 2004. more of the details of these charges against him when we come back. plus drones, fitbit, apple watch dominated the tech gadget market this year. when we come back, a peek at some of the hottest gadgets for the new year. this is the one place we're not afraid to fail. some of these experiments may not work. but a few might shape the future. like turning algae into biofuel... ...new technology for capturing co2 emissions... ...and cars twice as efficient as the average car today. ideas exxonmobil scientists are working on to make energy go further... ...no matter how many tries it takes. energy lives here. . >> we are here to announce today charges that have just been filed against william henry cosby. these charges stem from a sexual assault that took place on an evening in early 2004 at mr. cosby's home. deirdre: actor bill cosby arraigned today. he faces up to 10 years behind bars for sexual assault. the victim told police the comedian drugged and violated her at his home in 2004. similar allegations have been made by more than 40 women. this is the first time the actor has actually been charged. cosby denied wrongdoing. he posted $100,000 in bail. former federal prosecutor doug burns is with me now. great to see you. >> thank you. deirdre: this incident happened in 2004. >> yes. deirdre: roughly 12 years ago, how unusual is this? what is the statute of limitations? >> depends on the crime. with murder, and i'm not drawing an analogy, no such limitations, this is a long statute, 12 years, the statute was scheduled to run out in january, so one of the main points people are saying wait a minute, this is an old case. that's a factor in the case, but not necessarily all that dispositive. it's a pretrial motion, it's not too late. >> the case can still be heard. >> within the statute of limitations, i looked at the statute to double check and i saw the actual statute wrote down in the section, 12 year statute of limitations for serious sexual offenses in pennsylvania. deirdre: so the state law. >> state law. deirdre: state law is important. the victim signed a confidentiality agreement because she actually reached an agreement in a civil case against him and signed a confidentiality agreement. so how is this happening still in a criminal framework? >> what happened is that she sued in federal court in pennsylvania. they settled the case the way you said and signed a confidentiality agreement. the associated press brought a legal action which happens sometime, the media says we want this unsealed, and guess what? they prevailed. that's when the deposition testimony started coming out and got a lot of media attention because bill cosby spoke about this incident, that creates a lot of problems for you, inconsistencies between what he said in the deposition, what he told law enforcement, and i read through the stuff and there are definite inconsistencies what he was saying about what happened. deirdre: said that, he is 78 years old. >> yes. deirdre: what are the chances he's actually convicted and what are the chances he serves jailtime? >> as i've said to you in the past, i don't have a crystal ball. however, there's good news and bad news honestly. the good news is if it were an isolated case on its own just the one victim, given the age, the point you brought out right out of the get-go and the fact it is the old proverbial cliche he said/she said, okay, that's one thing. however, as many pundits have said and they're right, we have prior bad act evidence, if some of the stuff is allowed in by a court meaning all of the multiple other -- deirdre: i was going to say there are 40 other people who have come forward whether it's in the press, whether it's in a statement, seems as if there's going to be a lot. >> if that is let in by a court. and we're not there yet. we don't want to prejudge anything, but suresa the sun either sets already, but you know what i mean, the point is the state is going to make a motion before the trial and say we want evidence introduced of this incident, that incident, the other one. in federal court we call it 404-b evidence. it's prior bad act evidence. generally speaking you can't let in other bad conduct to show a propensity. there are technical exceptions about motive, state of mind and intent. simple english for the viewers father judge let's in 40+ incidents of this behavior, it's going to be a hard case to defend. let's face it. deirdre: this case is trickier for whoever is defending him because he's a celebrity. >> yeah, you read my mind. there's going to be a celebrity dynamic big time in the rafters. that can work both wayson. the one way sometimes it can work in your favor, it can work in the reverse, my god, 50 women are coming forward. it's hard to handicap the celebrity dynamic. this might sound crazy, i think that might help him. deirdre: we take your word. doug burns, thanks for coming in. former federal prosecutor. still to come, one of the largest private companies in the world is saying no to going public. my market panel back to break it down. toys "r" us closing iconic flagship shore in times square in new york city. we'll tell you why. jeb bush: donald, you know, is great at the one-liners. but he's a chaos candidate. and he'd be a chaos president. two months ago, donald trump said that isis was not our fight. donald trump: let syria and isis fight. why are we... why do we care? let isis and syria fight. jeb bush: he said that hillary clinton would be a great negotiator with iran. donald trump: hillary's always surrounded herself with very good people. i think hillary would do a good job. jeb bush: and he gets his foreign policy experience from the shows. chuck todd: who do you talk to for military advice right now? donald trump: well, i watch the shows. i mean, i really see a lot of great, you know, when you watch your show and all of the other shows... jeb bush: i don't know if that's saturday morning, or sunday morning. donald, you're not going to be able to insult your way to the presidency. that's not going to happen. if i'm president, i'll be a commander-in-chief, not an agitator-in-chief or a divider-in-chief... that i will lead this country in a way that will create greater security and greater safety. announcer: right to rise usa is responsible for the content of this message. [bassist] two late nights in blew an amp.but good nights. sure,music's why we do this,but it's still our business. we spend days booking gigs, then we've gotta put in the miles to get there. but it's not without its perks. like seeing our album sales go through the roof enough to finally start paying meg's little brother- i mean,our new tour manager-with real,actual money. we run on quickbooks.that's how we own it. . deirdre: no more ferris wheel rides at toys "r" us at new york's times square until the retailer finds another location. more than a decade after bain capital bought toys "r" us, the retailer facing challenges. jo ling kent has more. >> reporter: the end of an era, toys "r" us closing 110,000 square feet store in times square for a couple of reasons, but really it's all about the rent. the rent going up to 2500 per square foot. and that is really the issue. the ceo of toys "r" us saying that retail has been a soft spot for the company. don't expect to hit goals this holiday season, they're going to look for another location. not yet specific here in the times square and midtown area. looking at competition, it's all about amazon and online shopping. national retail federation expects online shopping to grow 6-8% that outpaces overall retail brick and mortar stores. as for who is moving in next, it's gap and old navy. they have confirmed to fox business, they are coming in, in 2017 they'll take the next year to renovate this expensive lucrative space in the middle of times square but also a big bet. no guarantee, retail making a big bet on the future of what times square could possibly do or not do for its brand. deirdre? deirdre: jo ling kent joining me there, fox business, right in front of the toys "r" us store in times square. oil down for the day. stocks fell. if you look at dow by triple digits. with their take on what to do with your money in the new year, janet montgomery and mark and hilary kramer with me now. best idea for the new year, what is it? >> you really want to be in dividend yielding stocks. i love domed harufs, paper company, smaller yield company, go for the companies that the activists go for so you have many reasons why the stock is going up. deirdre: i like that idea. this year a lot of stocks helped or hurt activist investors. valeant hurting hedge fund managers. mark, when you looked at market, when you see opportunity, what looks good to you for the new year? >> we agree with hilary's view on dividend paying stocks. out of favor over the last couple of years as investors bought growth at any price. you see terrific valuations, perhaps a sleeper pick in the telecommunications sector. one is cheap, secondly is viewing within the pricing power. at&t trading at similar valuation with a 5.5% dividend yield. i think in a year which returns are muted out of the equity markets starting the year with 5.5% coupon will get you towards return no better than that on a year-over-year basis. deirdre: i want to ask you both, steve moore is an economist with the heritage foundation about oil, this is a big theme, especially in the last quarter of this year, really pulling down sentiment for the stock market. how much does that influence the price of oil, the low price decisions that you make? >> going forward, energy and the price of oil will start to break away from the general market, and we're going to see this relationship go bad, which is a good thing, like we saw that happen with china. china eventually traded on their own and we in the u.s. traded our way. but there is an influence and the influence with energy and oil comes down to the fact that so much of this country, texas, the dakotas, western pennsylvania is related to how the price of oil is performing, and we have so many bonds out there and so many high-yield bonds. the junk bonds could default. it could certainly create pressures but there are so many other areas of the market where investors can do well. the general market will still perform. deirdre: general market will still perform. do you agree, mark? >> largely, yes, i expect investors to be more discerning with regards to the price of oil next year. i don't think it's a demand issue. oec demand and non-oec continues to grow. why the market takes cue from the oil price is confusing to me. i think investors will look through that as we think the demand side stays relatively firm and see customs on the supply side, markets will come into balance over the course of 2016 providing more fertile climate not only for energy stocks next year at this point but allow the market to focus on the fundamentals and not take direction from oil prices. deirdre: okay, i know we're going to continue the conversation. stay with me, please. we're going to talk about one of the largest and most successful companies currently valued at $20 billion with no interest in going public. my market panel will be back with me to explain what it means for your money, especially if you are invested in tech. you saw a lot of cool gadgets this year. our personal tech guru has brought along some devices that are going to be grabbing headlines in 2016. you pay your car insurance 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. palantir known as the killer app. the u.s. government is a client and helped the cia track down the terrorist osama bin laden. petre thiel is known for being the first money in facebook that investment netted him a billion dollars in return for a $500,000 check. with messaging apps, encryption, terrorism intertwined. i asked him how he sees the lines between privacy and security? >> i don't think it always has to be a trade-off. we talk about it always being the trade-off between privacy and security. technology is doing more with less, and in this context it means technology means we have more security with fewer privacy violations, and that's what the goal has to always be to figure out clever ways where we get some data, but it impacts people the least, and if you think about airport security today, it's the opposite of technology. we have very little security and lots of intrusion, and so obviously i think can you do better with both. you can have more privacy and more security. deirdre: palantir is one of the most valuable private companies and does not want to go public. some of the earlier investors even co-founders trying to cash in through special vehicles. market guru back with me, mark luschini and hilary kramer. how do you see peter's comments in the fact he does not want to take the company public? >> i can tell you, palantir not going public doesn't have much to do with the performance of square for example not doing so well. what it really comes down to is palantir technologies assists the most highly secretive defense oriented aspects that are keeping our country safe, and once a company goes public, it means they're owned by the public. i can become an owner of palantir, which means i deserve and have access to information. that's what we call the f-1, the prospect us that comes out for the ipo is so big and it doesn't make sense for palantir to give the information. as long as there is a secondary market and employees can sell shares, as long as there is ability for palantir to raise $880 million since last january, there is no reason. >> i hear what you're saying, it goes public, they have to have open meetings to shareholders and the client list is distributed, how much money each client is spending. point is well taken on that. mark what is your take if a company stays private and hilary alluded to it, it raises money, can they recruit? do they have the same muscle that they need to hire the people they want to hire? >> well, that would be debate and inflection point for a company that is going very, very rapidly and done a good job finding mechanisms to avoid a secondary market to develop shares in the company. the question is at what point either its customers or private equity investors and/or its employees become more greedy in the valuations they're coming for the shares as they monetize the investments, perhaps aren't quite what they judge the marketplace to provide the shares. as a consequence might force the hand of the company to go into the public markets. that will be interesting as we go forward, particularly to private equity firms that have a window of opportunity to close out investment in the deal, and obviously want to realize a maximum profit for shareholders. deirdre: points well made, mark, hilary, thank you so much. happy new year to you both. speaking of new year, it was a big year for tech gadgets. the next one is just around the corner. look at what greg harper brought us. >> he. dierdre: from drones to fitness hardware and virtual reality. 2016 will be a turning point in tech. gregg harper is with me. gregg, you always bring the coolest stuff. i'm staring at this drone. i know it's not a gopro. >> this is a gopro. you don't have to control it. you tell it, i want this to follow me. it will just go up and follow you around. dierdre: this on preorder, this is the kind of thing we'll see in the new year. reporter: most drones you have to drive. this one you don't. you have say follow me at 50 feet and off it goes. dierdre: give you also brought your faa card, so if you buy this go no drone, you have to have a license. >> as of last week you have to have a license and you have to register your drone. there is a registration number on the bottom of your drone. dierdre: you bought amazing earbuds. these will be the talk of the town you are telling me in the new year. >> there is a charger case. you have stick it in here, and now you have complete control. this one you can control voice, you can speak to it, move backwards and forward. this one takes your heartbeating with your pulse and gives you have bio feedback information. dierdre: forget apple watch. do those feel steady and secure in your ear? >> very much. they twist in. dierdre: you test everything. i know we are running out of time to test these virtual reality tools. but out of everything how do you think it will change how we nangt new year. >> it's all based on the smart phone. the smart phone -- the millennials will spends the most money on that. you will see things like samsung will build in smart deck test in their tv sets. thank you for joining us. "making money" starts now. charles: the dow falls short with half a day to go. probably finishes 2015 in the red. we'll discuss making you money in 2016. america's debt is america's shame. the u.k. might ban donald trump and who really decides the gop nominee? and california is coming for

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