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tv   Cavuto  FOX Business  May 12, 2015 8:00pm-9:01pm EDT

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that's it for us tonight, we thank you for being with us. good night from new york. . neil: all right, forget where's waldo in the big apple they're asking where's bill? new york's mayor never seems to be in new york maybe because bill de blasio doesn't uponing the big apple is big enough and set his sights somewhere else. not on mayor's residence in new york. try this residence in washington. welcome, everybody. i'm neil cavuto. and this could explain why bill de blasio hasn't been effusive in praise for hillary clinton. actually no praise for hillary clinton. is this cross-country tour meant to be talking up progressive talking points and sure sign as any he is ready to challenge hillary clinton. move over bernie sanders. you, too, governor martin
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o'malley. don't think about it liz warren. there is a new guy crashing the liberal party and taller than all of you. you can put the others on top of each other. you get my point. message to hillary clinton start worrying not about losing the nomination but driving so hard left that you don't get much beyond the nomination. to charlie gasparino and bo dietl. charlie you say that the mayor needs to focus on present job and he's not. >> listen we had two mayors in a row incredible workaholics and very good mayors. rudy giuliani and mike bloomberg. they were working 24 hours a day, these guys, and for mayor bloomberg, a billionaire he didn't need to do that, but he did it. and very effective. and get a guy not effective as mayor even sitting in gracie mansion, he's not very effective as mayor or sitting in city hall. not very effective as mayor. he's a very ineffective mayor
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and point out he has a decent police commissioner but murders are on the rise, and a problem with crime in central park. iowa. i will tell you this my opinion is this a ruse. he has always been very close to hillary clinton. neil: funny way of showing it. >> here's why. better him than elizabeth warren. he trumps war whoen is a true believer. neil: people say that about him but he is galvanizing the left. they like whatever the opinions are, they like him. he's a rock star. what do you think? >> you know i learned the word progressive, whatever the hell that means. i named the mayor, mayor big bird de blasio for a reason. neil: are you running against him? >> i might still do that. caused so much division. four people mugged in central park. 12 shootings on the weekend. 4 deaths in new york. neil: you're blaming that on
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him. >> in division we buried one of our officers on friday. neil: blaming him? >> the environment when he let the demonstrators close down the roads no peace, no justice what do we want? dead cops. when do we want it? we want it now. he made the environment. this nincompoop wants to be the president now? don't think for a second he doesn't believe she goes down with the benghazi thing, goes down when they find the 30,000 e-mails from china or russia who has them. they'll hold her blackmail. in reality big bird thinks he will be the choice candidate there. neil: mayor de blasio. >> i'm sorry i personally will call him big bird to his face. neil: he is mayor de blasio. >> i don't like the man. >> you know what i call him? comrade bill. >> you are worse. interesting point he could be a way to blunt all the leftists.
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>> he knows he can't be president. yes absolutely. neil: i'm telling you guys i believe -- if she stumbles they will all leap at the point. it's happened before. >> elizabeth warren has a good shot. even barack obama who spent most of his time as an illinois senator and then was i believe a one term u.s. senator. he had broad experience. >> this guy was a city councilman and now he's mayor. >> you got remember to, in his mind, he came out of no, where the mayor of the greatest city. he is all around gracie mansion where i live. i don't know what goes on behind the walls, the guy believes he can become the president. >> no, he knows he can't. >> he knows he cannot be president. i think what he's -- neil: you think eugene mccarthy thought that in 1968 and
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surprised almost everyone. he was a senator from wisconsin and almost beat lyndon johnson. >> different times. neil: i agree but you wound the unassailable incumbent to the point that the incumbent looks staggered -- >> point in case point in case, we had somebody in illinois who was a united states senator for about a year, a nobody, and he became president of the united states. >> on the cover of news week magazine 20 times. neil: you don't think de blasio is on the cover? the big bird. neil: he's been on the cover. >> barack obama there was a sensation around him. i'm sure he's doing this to enhance his national profile. but he's not going to run now. >> wasn't he in iowa? wasn't he in iowa? he's in iowa. >> mitt romney was running. neil: well yeah, hillary clinton will not get the democratic nomination. >> what's he doing in iowa eating corn?
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neil: thank you thank you. >> charlie, he believes it charlie. don't be living in the cave charlie. >> he believes a lot of things. neil: such a manhattanite get out of manhattan. all right guys, tax the rich and spend on the poor. it does seem to be the cornerstone of that de blasio plan and popular with those on the left. this as our federal debt is projected to top $20 trillion by 2035, and a lot of that because the entitlement programs, hadley says it is time to put the failed war on poverty to rest. richard fowler says, well it is time actually to put hadley to rest. he doesn't say that. hadley, you first on this, you think we've got a wake-up and realize this is beyond beyond a crisis now explain. >> that's right, we can look at our federal budget, look at our national debt that tells the story how spending is out of control. we need to look no further than
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communities. hovering around 14.5%. americans struggling facing hardship. government efforts to reduce poverty have back fired on those they intended to help. neil: i want to go to you, richard you got to do something to rein in that anyone who tries to talk or address this gets electrocuted. would you think republicans have to be this frank, whether it's a chris christie approach, raising the retirement age, what? because that -- when you start putting in the specifics, it doesn't go down well. >> i think republicans ought to focus on the positive here we recognize that government can give handouts and does give a lot of handouts. the only place you get a hand up is in the american sector. give people a path to advancement that comes through work and job creation and other things. neil: you didn't address the question. fair is fair, sir, richard, the argument you hear that chris
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christie that it is unrealistic to assume that the benefits on the programs on the trajectory are going to make good to the promises to folks paying into them. do you think we should means test and should be raising retirement wages? do you think we should be staggering in some of the changes before the whole thing blows up? . >> i have another revolutionary idea, neil scrap the cap. if we get rid of the cap totally, and after you get a certain number of noirjs can you no longer be charged social security or medicare or medicaid tax. every american will be taxed the same amount and keep the system alive. i want to point out fact that my colleague made the government programs don't work. every time the government spends, the majority goes to the private sector. the government contracts work out to the private sector and small businesses. neil: that is beneficial in the case of social security or medicare. you are talking about paying
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hospitals and indirect benefit to that? >> that's part of it. when you pay a hospital, and nurses get to work, doctors get to work. neil: that's creative and i admire your creativity but what do you make of that? hadley, he doesn't raise a bad idea if you stop the cap stuff. it is addressing the revenue side, i would also what he leaves out is addressing the spending on all of this side. what do you think? >> you think if a lot of government money goes back into the private sector i suggestlisque it there. don't take it out of private sector for inefficient government program. we ought to focus on reforming the programs. if you look at every dollar the government spends, 49% on entitlements and social security. neil: there are people no matter if they have been pouring money into social security, they shouldn't get it back because you are too wealthy. the figure is if you use 200 grand a year, you shouldn't get social security. he said that would be grandfathered in. i don't know the years he
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pegged to it. i suggested at the time it would be one year, you know younger than me. but my point was that that is what he was saying like so many programs we pay for it, we don't get this one. how would that go down with republicans? >> we absolutely have to pursue cost cutting reforms in social security and medicare, and i think it's right to grandfather people in. people have learned to depend on the programs. >> how do you think that's going to go, richard on the rich or the poor or the middle class. you are not going to get social security? >> the reason why i'm laughing over here is i think you are 100% right. when you ask republicans about specifics they don't want to give specifics because any specifics would mean they would drive grandpa off the cliff. neil: it's human nature. >> neil mentioned the specifics. neil: neil is not on the side. >> you are on the side. social security versus a lot of groups have been open about scrapping the cap and making
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sure every american -- >> fine would you be open to means testing some of the benefits? >> no need to means test if we can make sure the system is solvent. and the critical linchpin is make sure every american pays their fair share, whether it's the secretary or warren buffett. neil: that analogy bugged me. you said his secretary was paying more in taxes be that he was. pay her better. he's such a cheapskate. >> we have been very specific. neil: actually you both got specific. i appreciate that. very good seeing you again. next to the nfl, tom brady gets four games for deflating balls. ray rice gets two? something wrong with that. we're behind the ball and behind the decision. coming up who are you going to call? "ghostbusters" star ernie
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hudson on the summer of sequels i love the idea but it could be getting out of hand. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day.
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ous, and given the initial two-game suspension handed down to ray rice for allegedly assaulting fiancee. a lot of new england patriot fans say it's unfair. something about deflated balls not comparing to assault and battery. if things stand now, nfl golden boy and four-time super bowl winner might have to sit out the first four games without pay and all because the nfl says he cheated and that's that. the sportscaster jim gray, who very early on was asking mr. brady about all of this stuff. he kind of dismissed it with you you know, jim, but now
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here we have this penalty that he could be facing where does it go now? arbitrator decides or what? >> i don't think he dismissed it, i think he said he didn't have the time to digest it as of yet. i asked if he was a slow reader --. >> i want to be clear this session with him, that is before all of this went down but he was well aware of what they were look at at the time right? >> no, the report had just been released the day before and the session at salem university was a fund-raiser for that college a seminar on leadership set up four months before and basically was 7,000 or 8,000 people in the arena who paid to hear tom speak. it was not a setup interview like somebody agrees to sit down with someone else. neil: i'm sorry jim, you asked him about that. do we have the clip, michael? can we play it? >> has this however detracted
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from your joy of winning the super bowl? >> absolutely not. >> why not? >> because we earned and achieved everything we got this year, and i'm very proud of that. neil: well, you love being the skunk at the picnic, don't you, jim. you got out of there alive, touche. what do you think happens now, jim? >> well i think he's going to appeal. i think that his statement that has come out, his agent's statement and the statement the club that they're going to fight this, and they'll go to war, guns ablazing, and if this is appealed and it is not heard by roger goodell and roger goodell should step aside because this should go to an independent arbitrator he should not be the man who decides this appeal because he hired an independent counsel and independent investigator in ted wells to do this.
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he should step aside and get out of wait so somebody independent. and if that happens there is no way this will be upheld. this will be overturned in a heart beat like ray rice is overturned and adrian peterson is overturned. neil: on what grounds. >> turned over by form commissioner paul tagliabue. on the fact it did not come to any conclusion that proves that tom brady had anything to do with deflating the balls if they were deflated if you believe that mremis in the first place? neil: say even if he did, so what? >> that's true this could have been handled in about 36 hours. all of the quarterbacks it's well documented. eli manning talked about everything he does to the balls. manning and brady and 20 others agreed the commissioner agreed and the league in 2006 they could handle the balls. seems to me why would the
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league participate in what don yee brady's agent called a sting operation. why would the league show up having gotten from the general manager of the colts awareness that there might be something wrong with the inflation of the footballs and not alert the other team? why would you want the league and procedure to have the fact that half the game would be subjected to balls that are not fit? that shouldn't conform? that don't conform? why would you want the game to be even? we have an issue that's come to light here that we think there may be a possibility that there's something wrong with the balls. don't do it guys don't subject and jeopardize your chance to go to the super bowl. but the league goes on with this and they play half the game with balls that they think might be deflated. neil: the only question i have is the league doesn't have control of the balls. maybe that changes it. do you think this hurts brady's
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marketability or deals with so many sponsors? if a four-game suspension holds in the beginning of the season they back away from him? >> i don't think so. i think that tom brady is very selective in the people he has chosen to do business work the companies that he has aligned with, have been with him for a long time. nothing in his past that would indicate that there has been any problem. he's been a stand-up ambassador and a model citizen in the nfl. he's been the face of the nfl and won four super bowls. so i can't see, based on this very flimsy report that has come on that all kinds of holes can be shot into by independent arbiter that any of the companies with tom brady would think it's bad business to be with him after 15 years of excellence. neil: jim always good having you jim gray. >> thank you, neil. always great to be with you. neil: we have a fox business alert, federal reserve has emergency plan in case the
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nation defaults on debt. how about a plan that keeps us from defaulting in the first place? my spiel next.
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. neil: the next time the financial wheels come off, know the federal reserve is ready to move in. it's got a plan in case we default on debt. great. how about a plan to make sure we don't have to use that plan? how about taking measures to avoid that last measure? how about everyone in washington work together on a plan to make sure we never do get to the brink? how about a plan to avoid financial armageddon before we get anywhere close to financial armageddon. how about a plan where we don't have to take emergency measures because we've already taken the right measures and taken the right actions and set ourselves on a course to not spending money we don't have or printing more money to make up for the money we don't have. how about we get ahead of the curve rather than frantically cleaning up the mess after we
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go over the curve and down the cliff? how about we don't put the onus on the fed, how but mr. president and the congress make sure the fed doesn't get to the point. unless we do that kind of stuff we're in deep trouble. no one is doing that. that's what worries me brian, what do you think? >> yeah, the fact that the federal reserve is talk about this is fascinating. you know neil, there's two ways you default. one is default like greece you run out of money. the way -- the reason that the fed is talking about this now is because we have the debt ceiling debates all the time, and that means we run up against the debt ceiling and the government has to borrow money to pay bills. there is plenty of tax receipts to pay the interest on the debt. so if the treasury pays the interest on the debt, you don't need the fed at all. the problem comes that we owe other money, social security,
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medicare medicaid that's where we're spending too much. neil: brian, what constitutes a default then? i heard different definitions of this. when you don't make good on a federal payment is that technically the fault if you don't pay a social security check out or don't make an interest payment to a bond holder, are you technically in default? >> this is fascinating, i don't know what the legal definition of this is, if you don't pay your bonds or the interest on the bonds or the principal back, that's a default. if you don't pay a social security check or pay for a new highway, i wouldn't call that default. if you call that default illinois is in default right now. neil: very good that's why i wanted to pick your brain on that. if i'm at the fed or the treasurey, i'm going to reprioritize, just like people who are in arrears or in a bind, the first most important
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is interest debt to debtholders, it is hullabaloo, is that what the fed is doing in the plan and preparing for like the ultimate you know, nightmare? >> yeah, the way -- this is kind of a little confusing, because all this came from a letter that a congressman sent to the treasury, and what it sounds like is that the treasury is planning on paying social security medicare and medicaid and not the bonds, and then they want the federal reserve to step in and guarantee those payments later on. it's kind of mysterious and in a way, i would read this as the treasury is asking the fed to help it fight congress when it gets to the debt ceiling. you know it's amazing to me because if you're going to run a deficit for decade after decade after decade and no one is ever allowed to tell you to stop, then you will default
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eventually and so what the treasury and the fed are doing here is playing, i believe, games with the deficit and that's unfortunate. you're absolutely right. we need adults in the room who stop spending more than they take in. tax receipts right now are at an all-time record high. we shouldn't be running a deficit. neil: you're right. >> and our government can't stop spending. neil: you just said it a lot better than i did. brian always a sfloosh great to be with you, neil. neil: all of you olive garden fans do you love the bread sticks? wait until you try bread stick sandwiches! talk about leveraging off success. mcdonald's are you taking note?
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. neil: three weeks after the stick chris christie offers, promised to means test social
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security today offering a not so nearly mean tashgs wants to simplify the whole code. details are few, but is this presidential positioning good? political watcher karen says this won't help christie win over folks but chris says it could. chris turner you think this could be a step in the right direction for him why? >> sure, first of all, thanks for having me on the show. i mean look the fact we're having this discussion today means it's already a win. you know presidential campaign as you know -- neil: we had a free segment. it was either going to be this or the biosphere we went with this. >> which is why i'm on the free segment. presidential campaigns and i had the great pleasure or displeasure depending how you want to look at it, working on four of them in my political life, are all about a couple things. one is the spotlight, another is momentum. for governor christie to pull the spotlight his way, for us
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to be talk about this today, no question it's a big win for him. neil: karen, he's not the first to come up with a simplified tax plan. he has a couple of wrinkles in it a couple of new features that those under 22 don't pay, i could be wrong about the details. he has wrinkles about it, the top rate would be lower than any of them. does that make a difference? >> i don't think so. i think it's mover the same honestly. he's reaching for the red meat. christie's career right now is a little on life support. last month it was the lowest approval ratings ever for him in the state of new jersey. neil: wait a minute, do you not like big italian white men? >> i come from an italian background. neil: you think this is desperate measures? >> i do i think it comes off that way. new jersey in general the public there is fed up with them. just the nine credit rating downgrades the economy just
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isn't improving. i think that's why he's having the awful approval ratings. neil: chris turner he's dealing with the democratic legislature but a lot of new jerseyans are saying things are not better for me since you took over. neil: look i think it's perhaps a salad point, i'm certainly not an expert in local in-state politics in new jersey. i think it's beside the point the governor is appealing to a republican electorate whose voters live in iowa and new ham
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. >> i want to tell a far more important story that is developing. concerning the olive garden and bread stick sandwiches. >> that is the big story. neil: i told you i was saving the best for last. come june 1st. not so coincidentally when the new noon to 2:00 p.m. eastern time show begins debuts that day. what do you think, tarrin of the idea of a bread stick sandwich. i look at this as a message, a message right now to all the other guys. >> what message i would have to
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-- i'm sorry we couldn't quite hear you. neil: i wanted to marry with politics, that did not work. that is the story, the big news, we have bruce here it will following this as well. that is going to be big news. you have been look at this what do you think? >> thank you for inviting me to talk about something that makes so much sense about, time. this is the perfect example of a line extension neil. olive garden has a big brand. salad bowl is a big brand and bread steaks are a big brand to. take the product and extend it it works on so many levels brilliant. neil: if you're mcdonald's and looking at this what do they leverage off of? what do they do that they have now that could be at all similar? >> well mcdonald's obviously, made the mistake of going the other way. they add other products, other things people didn't relate to. you go to mcdonald's for two reasons burgers and fries.
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they need to look at different ways to get people in for burgers and fries. healthier ways different choices different prices because what olive garden is doing remember, is not only offering a new product but allows them to downscale allows them to compete with the sandwich guys without saying they're going downscale. neil: you're saying the mcdonald's approach with the hamburglar is not the way to go. that is a new of age hamburglar doesn't cut it. >> the hamburglar is fine for some of the customers. the hamburglar makes sense to talk to some people. when someone mentioned mcdonald's, you think fast, you think cheap, golden arches you think burgers and fries. how do they take burgers and fries and extend it. do they have different burgers? chicken business veggie burger business, exotic spices, how about fries? extend fries, veggie fries, sweet potato fries? so many ways to stay within
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their universe yet expand. neil: very good point. our crew was thinking if the bread sticks are thin, it would be a thin sandwich. fold them together. bruce thank you very much. it worked for the "avengers," why not "ghostbusters," why not two "ghostbusters," when sequels make me want to reach for the nyquil? why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's 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 as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess.
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. neil: you didn't hear it from me this "avengers" movies is big "avengers" day of ultron dominating all the ticket sales taking in 77 million this past weekend. the global take 188 million bucks. with that cash, there is no stopping the market that critics say is too saturated with sequels. actor ernie hudson probably disagrees with. th t "ghtbts" jumpstart.
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will have two more sequels, i hope he's in them. if not, do not see those. >> thank you, neil. neil: "ghostbusters" is front and center right now, sequel rage has gripped us do you worry they're overdoing it? >> no i think they should have done something a long time ago, 25 years sd one, the fans have been so supportive. it's time now. whether i'll be involved or not we'll wait to see. neil: dan aykroyd would have a role, he's creating it? >> ivan is involved i know it's going to be good. neil: do you and dan get along? >> yeah yeah. neil: hello? >> well, if it was -- yeah i see no reason why i shouldn't be there. no matter what, the fact they're doing it it's time. neil: one is an all-female "ghostbusters." >> that's what i hear. all-female "ghostbusters." neil: you can be adviser, teach them how to do it.
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you can be a bosley. >> i can do whatever, i'm an actor you. >> for the netflix thing, it's a weird time. >> netflix is great because what the network does it gives the filmmakers time to do what they want to do. with lily tomlin jane fonda. neil: tell you their husbands go away with each other. >> which is the world we live in. who are we to judge? neil: are you more recognized after all these years for "ghostbusters," you have done iconic roles. played tragic characters, autism, you name it. are you most identified with that? >> i think one out of three comments is from "ghostbusters." here in new york today somebody talked about the crow, somebody said the hand that rocks the cradle comes up. neil: that was creepy not you,
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the movie. >> the work remember issed and for different people different things respond. "ghostbusters," old people kids, everybody likes "ghostbusters." neil: it was very uplifting and unusual. what i'm wondering is do you ever worriesa an actor that they overdo the sequel thing, it's much easier to come up with something that's out there like with netflix, fresh new and different. >> i think we should have more about that trademarks and name recognition and money in the box office. they do a "ghostbusters" no matter what it looks like there will be so many people who will come. neil: they did take their sweet time doing this to me that has blockbuster written all over it. what's taking so long? >> i'm not sure i'm an actor they never tell me why. they never say ernie, this is the reason. neil: get a percentage of the net afterwards. the net, not the gross.
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>> if it's about asking i'll definitely ask [ laughter ] >> i always think the movies get another chance like "star wars," it opens generations. we see it in our kids, this "star wars" is wild. i think it's a much happier way for "ghostbusters." >> something that parents that showed their kids now their kids have children, and to extend it to a new generation i think it's only a good thing. neil: michael keaton said with that man that led to a lot of other roles for you i'm sure it did as well? >> i've been blessed to make a good living. always enjoyed the work, been blessed to work with really good people, and i'm sure a lot of it or some of it has to do with "ghostbusters." i can't ever remember getting a job and they said we hired you because of "ghostbusters." neil: but you are a familiar name. i wonder now with the sequel i
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told you about talking about another jurassic park is coming out. do you feel with "ghostbusters," they can overdo it or the follow-up is so good, many people say godfather 2 is superior with the first godfather. i don't concur. sometimes the sequels can be better. >> i think if you're in the business of making movies want and to make good movies, but if you're a studio that wants to control the filmmaker, you have a problem. i think you can't redo "ghostbusters," so let's do something original. neil: you are right about that. you're optimistic you're going to be in both movies and we get on go to the premiere of each? >> i'm always optsxhifk always looking for work. neil: a gentleman to the end. ernie hidson "ghostbusters" star you see him on netflix right now. house of cards is the place to go. >> absolutely. it's great, and a great series. neil: what is it like working with jane fonda?
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>> for me these are people i admire, jane fonda, lily tomlin, i work with sam waterson on law and order and i love the fact i can come to work with everything i have to offer, i'm not -- some of the newer films i'm like a coach or mentor but with these guys they're on point, i have to be on point. neil: you ever give jane fonda or lily tomlin points what you want to do -- >> no. jane, excuse me could you -- neil: i do it with o'reilly. the talking in the third person thing is getting old. ernie hudson, "ghostbusters" star and so much else. this guy is the real deal. when we come back, get a lot of this virtual reality can you smell. so why do i think this whole technology stinks? i'll explain it to you.
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look stupid. but now there's a new model i think stinks because the vr mask emits odor heat to take you further into the game. to popular science editor lauren. you like this you think it's a great new thing i think it adds to stupidity. what say you? >> the idea is why have two senses when can you have three or four called feel real and incorporates already existing virtually reality head sets. neil: it is a head set. >> yes but you have to use oculus rift samsung it's got a bunch of technologies that he's the you in a warm environment. cool you down in a bzzar and dorartdgehat u ca pu inthere. il: thit wikill you, itttacheso you . >> smell a gimmick. do you remember smell i vision
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that didn't do so well. no one wants to incorporate smells, if you think about the video games you are playing the smells are jungle or fire or burning rubber, not necessarily the wonderful aromas you want to be smelling. neil: this is another extention of the whole genre is here to stay? >> i think virtual reality is here to stay, i don't know if feel real is going to make it that far. neil: time for google to get off the road? the tech giant in 11 accidents in the past six years. i don't know the overall number of cars and vehicles on the road. i would trust that is a small percentage. a lot aren't serious accidents, they are going to give people pause, right? >> google is smart about. this four accidents going with the google self-driving cars and the director of the program said yes, 11 accidents happened but none at the fault of the
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robot driver. they've all been human error. neil: what about human error? the human doesn't drive it. the people that it hit? >> yes. neil: he has the nerve to walk in front of me. >> then, when you crash or the google cars crash, they're learning from their mistakes. they incorporate it. neil: don't learn on me. >> don't move out to california during the test. neil: you feel like the technology is going places at a faster record than humans. >> yes, think about it 33,000 people die every year in car crashes. 90 people a day. if we can take out the human element. the human element is causing the car crashes. alcohol, distracted driving, speeding, reckless driving, take out that human element and put in all the good aspects of human driving like learning and growing from mistakes. neil: you trust the technology not to turn on you?
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2001 al went nuts. >> until we get on artificial intelligence, i wouldn't worry about that just yet. neil: all right smarty pants. she knows her stuff i'm doubtful about all this stuff. i'm a fogy. meanwhile, would you invest in this? two million people still have dial-up service? mom, come on. it's time. the billion aol buyout. multibillion buyout that has a lot of folks still scratching their heads. ♪ ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy.
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. neil: you know, at first when i heard verizon was offering 4.4 billion bucks for aol i thought aol is still around? it is and shareholders today are happy verizon is showing interest because aol shares were jumping and for a brief moment it did seem everything old was new again. not in aol's case not quite popping the $165 billion merger
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deal with time warner in 2000 that defined the top of the internet bubble. a more realistic pairing today? let's ask dan, what do you think of this? >> interesting story. verizon has a great network and aol has this content and still has many paid subscribers. neil: i was shocked that two million are still using the dial-up. >> this is from the 90s. this is a dinosaur people still pay. the subscribers are paying. i have one of the old accounts. but the technology that they have with the videos and the advertising are key, and verizon has spent many years in focus on building their network, and they have one of the best networks in the country. now they're saying how we're going to monetize that network? they buy a $4.4 billion company. verizon is a $200 billion company. it's like a pimple to them. nothing. they get all of the subscribers and get the infrastructure that's already built it. probably cost them throws buy
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aol with all the video integration and advertising and marketing put together than to develop it themselves. neil: aren't they largely older subscribers? >> i don't know the answer i know they have subscribers and it's growing and people like -- aol offers a lot more than video. it's a great template and a lot of information. neil: do you think there are other type of deals to come beyond this? >> yes let me explain why, verizon built this network they used to be a telephone company the cell phones and they got into the television verizon tv, then the internet. where are they going to go with that? advertising. they're becoming a vertical company. one-stop shopping. you have the infrastructure, the technology. neil: so a whole new genre? >> aol is a whole new piece coming into verizon this is the beginning of the consolidation in the telecommunications business in advertising online. neil: dan, you sold me. don't be such a doubter is what
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you are telling me. dan follows this religiously. take a look tomorrow whether these type of pairings are a sign of things to come as the technology world focuses on them. site. >> a texas family inherits a house full of history millions. >> bob davis was a world class collector. >> and speaking of love affairs. >> what is this gun? >> a sawed off shotgun that was carried by the barrow gang. jamie: like bonnie and clyde barrow? >> they spawn a legend. >> those images of young outlaws shooting up the highways of america, somehow touches people. >> it may yield a fortune. >> the place is packed, people on the telephones are bidding in is interest in the bonnie and clyde story. >> a mind blower to watch


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