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tv   Cavuto  FOX Business  May 16, 2015 6:00am-7:01am EDT

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a lot of things, don't let the world discouran you. stay who you are god bless you thank you verythank you very much monday lou's back. have a good night. neil: well never let a crisis go to waste, especially if you can use it to waste more money. welcome, everybody, i'm neil cavuto. and think quick, sherand chuck schumer, what do you think they have in common? amtrak spending the trainer and the entertaining senator using this week's train disaster to push for more federal dollars, not only for amtrak that received billions over the years but pretty much everything else while they're at. it does that ring a bell? it is a familiar liberal theme. >> we need to invest in the infrastructure not just when something bad happens like a bridge collapse or train derailment but all the time. >> our safety is linked to the investments we make and how we
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get around. >> not just our trains mr. chairman, it is our bridges that are failing highways that are congested and riddled with potholes. >> expensive infrastructure upgrades that could be made that would benefit the traveling public. neil: joining us, kayleigh mcenany, i can understand our infrastructure needs, we have to address them i don't know with all the money we're spending why where that money is going to address them. using a tragedy to make your pitch? >> we see this repeatedly with the democrats. look at ebola crisis never mind the fact that the cbo's budget -- excuse me, the cdo budget has doubled since 2000. never mind. that amtrak, 40 billion dollars has been given to amtrak since 2000. baltimore, the lack of spending in urban communities was the problem.
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never mind the stimulus went to baltimore where. is the money going? neil: it seems like now is as good a time as any to make the push, you can put the fear of god into people, if we don't spend the money, worse things are going to happen. i don't know if using a tragedy to make that point does the trick what do you think? >> it's reprehensible, neil, that they would capitalize on the deaths of these people and on these families' pain for their own -- really to cover up their own mess. if you take california, for example, our ridiculous bullet train to nowhere obama committed 10 billion dollars in what is $100 billion project in jerry brown's lap, and it's essentially a train through farmland. there is no point to point on this. they could use that money instead to make trains safer that actually do carry commuters and have destination points. so their lives are not adding up. neil: chuck, on a day and week
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like this do you rethink being a liberal? >> no, i don't. i'm proud to be a liberal, and proud to be a democrat i think we should pull our heads out of the sand and looked at inevitable. things continue to collapse if you don't invest in them. sure, there's a lot of money wasted in government. we don't need $2,000 toilets at the pentagon, but invest in roads and bridges. neil: you know this money would not have made a difference in the particular amtrak crash. even the money that could automatically hold the train down it was there, right? >> come on now, there are safety devices you could have had on the train that would have slowed that sucker down before it went into the turn. neil: they were bought and paid for they didn't connect it. that is an incompetence issue, come on on right? >> i hear and you josh earnest talk about the need for spending, what happened to the $800 billion stimulus
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purportedly for infrastructure. >> great point. if they're not capitalizing on a crisis pulling the class ware and gender warfare. >> you can be tired of it all you want, to the american people want roads and bridges to drive on, so when we take our children to school, we are not worried about falling out of a pothole. neil: i'm first to say, i can tell roads and bridges are falling apart the grandkids of construction workers working on the same highway, i don't doubt there is stuff that has to be done. and maybe to the earlier point we committed all of this money right? 100 billion a year that we spend on various tolls and state taxes fees i want to know where that money went before i start pouring more money down, no offense, a construction hole. >> exactly where. is the accounting? i hear chuck calling this
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endless chorus for more and more money. it is ludicrous, irresponsible to throw money at a situation and not account for it. neil: by the same toquen to chuck's point. we have the problems what do we do to address them without seizing on a horrific tragedy like this. if we have to address infrastructure needs, how do we go about it? >> true insensitivity on the part of the democrats. if they cared about the safety instead of funding jerry brown's pet project and obama promised $10 billion of that they would put that money to safety and infrastructure. it makes perfect sense. >> i think there should be checks and balances and all for checks and balances, there is plenty of money in the system. we stop giving corporate welfare out to the big oil companies and take the money and reinvest it into roads and bridges. the american people would back you up on that. i'm not saying create the spending, take a small businessman paying 46 cents on the dollar. and the businessman paying 15%. take my money and fix my
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potholes. neil: you are paying 46% in taxes? >> absolutely. if you know anything about an llc and you live in washington, d.c. if you're making $100000 you're in the top tax bracket. neil: the liberals screwed you over on that one. 46%. fix my pothole with my taxes. that's all i'm saying. neil: they're not doing it, are they? >> no they're not doing it. >> allocation is the problem. neil: but you are right, chuck it is a profound comment to see where we're spending our money now and reallocate funds but i would say to the programs near and dear to you, reallocate how we're priorityizing we're certainly giving enough money. if you're paying 46% in taxes, my friend you deserve better than that. >> we clear have a spending problem not a revenue problem. neil: give chuck a break! give chuck a break! >> that's what i'm talking about.
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>> how are you a liberal? neil: have a great weekend. fair and balanced politicians are not the only ones who take advantage of a tragedy. senator chris murphy calling big airlines out for price gouging saying and i quote increasing prices to unjustified levels after this week's tragedy. he's right. some carriers doubling and tripling fares between new york and washington to take full advantage of the rail service along the core door. i know it's capitalism at work, this strikes me as a little more revolting. john layfield agrees but says that's the way the market goes. i think that's a bad signal. i think that, yes they can do this, the markets allow it capitalism will allow it. this gives them a bad name. what to you think? >> i agree with you, i think it is free markets and price gouging. when i was flying dallas to new york a lot. the nonstop had no competition it was double what a connection was that. is exactly what you're dealing
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with here. when airlines don't have competition like a toll booth warren buffett likes to invest in toll booths when there is just one bridge in town. he does that to give analogy for the local newspapers. then you have the ability of pricing power, is it gouging? yes. is it wrong? i think it probably is. neil: i'm going to be wrong and far it be for me to be the one to preach here. customers have long memories remember you treated them at a time when you took advantage of them and might think twice about the carrier that all of a sudden took a seat that went for 300 $350 and started going in excess of $1,000 to go from washington to new york. they're going to remember it and say those slimy s.o.b.'s. >> i just went on travel site and looked up prices for tomorrow. a $300 fare one way, 600 bucks
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round trip. seven days advance $214 one day. neil: they are coming down. that is the anticipation of rail service resuming partially on monday, fully on tuesday. and believe me i don't want to cut across those as anti-capitalist here. i think with the responsibility comes an ethical responsibility as well not to take advantage of this but not everyone is. i want to stress not everyone is and you point out examples where it's not that big, right? >> exactly. and also remember airlines sell cheapest seats first. if all those are sold, you are going to the full wi-fi seats, first class seats. that's what we're seeing more than price gouging. neil: i think you're trying to make an excuse for the devil. that's why your in bermuda where you don't have to soil yourself with the details. john layfield, have a great weekend. neil: thank you, neil. do any of us think this market is running out of gas?
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then the "the apprentice" winner who wowed the donald and says this real estate market is going to wow you.
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. neil: all right, let's just say not next month. the federal reserve, all the telegraphing and interest rate hike might be in the with not in june. you know what? it's not going to happen any time this year. you've been saying -- >> the fed is super data driven, you have a weakness in the lower and middle class economy if you will. this is a tale of two economies the corporate economy doing super well rising cash balances for the s&p 500, but the lower and
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middle class neil has not done well and the fed is super worried about thamp the income disparity thing. neil: what gave them pause, they looked like they were cranking to do this and the first quarter gdp barely rose. >> strength of the dollar. neil: not the stock market, that's doing just fine. the market enter the equation at all or no? >> i don't think so at this point. i think they have a reflation trade owanted all access to go up on the 2008 crisis. at the same time i don't think they anticipated it wouldn't filter through to the underlying economy, the lower middle class, has to do with housing neil the upscale housing through the 2008 high-water mark but the lower and middle class housing has been sticking downward if you will. alan greenspan is probably on his ninth psychiatrist in washington discussing this why he got the housing thing so wrong. these guys thought housing would stay where it was, rates
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could come down and all of the middle class and lower middle class could restart the housing boom. that did not happen. that's why the economy is growing at 2, 2.5%. neil: do you think this gets long in the tooth? 0% funds rate for how long now? >> 6 1/2 years. neil: is that getting a little too risky? >> the answer is yes, paving ourselves into the corner. i think bernanke agrees. neil: losers were not allowed to the conference? i tried to get in anthony will not see you now. >> i wanted you to be the emcee. hard to get you out of new york when you are so successful. neil: such a good answer when you a who's who there bernanke was saying what? >> basically saying we have to move move for more normalization but what we can't do is move for the sake
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of moving politically sort of hoping you get more help from the government on the legislative side. >> the onsuson the feds. >> that's the reason why i think the fed stays where it is. absolute sclerosis and polarity at the executive and legislative level, so this is the only operating branch of the federal government. the federal reserve has become the fourth branch of government and they're the only ones and i think they keep rates low through the end of the year and possibly into january, february. if i'm wrong will you yell at me. neil: please. the wall street show, you would make him proud, this week you are talking to whom. >> this weekend, we taped the show with jim chanos. over the weekend we're showing one from the salt conference which will be an interesting one. all about macro, neil the former billionaire
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macromanager macromanager has done very poorly. why that is mostly related to the federal reserve. neil: they're take bets on -- >> chanos is a short seller big on enron, which you remember. neil: that's right. >> and i think he's construct identify the markets but sees pockets like the emp space, the fracking space full he sees that as being a compelling short opportunity into 2016. so we're bringing the guests and we're getting them the opportunity to speak the way you allow me to. neil: exactly. it's a great show, and he's a great guy again, 11:00 a.m. sunday across some key fox affiliates and across the country as it booms and grows, and he makes news. man does he make news. again, because he does not talk to losers. the other network it's like 24-7 losers. >> we know that. neil: they're not going to give you an edge. >> nagging broadcasting
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company. neil: there we go. hey, chris christie, you might quit hyperventilating over social security. robert rice says things are just fine. so put
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. >> some people are using scare tactics to tell you social security won't be there for you in retirement, and that we have to raise the eligibility age or cut benefits. wrong. neil: you ever get the feeling that if robert rice were around at the time of galileo he would be the first to say what do you mean the sun doesn't circle around the earth? duh! look up in the sky stupido. which is italian for stupid. that is the thing for denying reality and the laws of financial physics. fewer people paying into social security and a lot more getting social security as things stand
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now the math says something's got to give, and to mr. rice who says you know what? you can lift the payroll tax, the overall social security tax that caps out at 18,500 and make it limitless and voila done. funding issues solved. my next guest not quite convince of that. john allison the former chairman and ceo. you can raise taxes to make things hunky-dory. i don't think that gets away from the reality. what do you make of this? >> if robert reich says it i'm going to assume it's not true. social security is going broke obviously can you raise taxes and cover the shortfall but what are the consequences to that? what impact does that have on employment and productivity on growth and the allocation of resources in the u.s.? are we going to keep allocating more and more money to old people with expensive education and other programs and actual
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defense? i mean there's no free lunch, and the problem is that people think they're paying for their own retirement. they're paying for their grandmother's retirement because there is no trust funds, and that's the problem and mathematically social security does go broke. neil: by the way the idea that you raise taxes and limit the cap. we were going to keep the percentage of your income, no matter how much you earn, whether it's 90,000 or 900 million. and the idea was it would short medicare. medicare is less than 13 years from going bust. some say within the next eight years i'll be generous. obviously you can't tax your way out of problem. >> no question about it. one of the simpler solutions is to go to a defined contribution plan instead of a defined benefit plan which is what most
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businesses have done. obvious solution. neil: there are the other solutions the likes of chris christie and others means test social security may be limited maybe raise the social security age over time. these are unpopular measures to be sure but at least there are republicans saying as it stands now, it is simply undoable. but unless we get on board with the reality of this and think we can tax our way out of this we will never solve, this right? >> that's true. and the progressives don't want to face the facts, and also you don't want incentives for people to retire too early given how much more people are saving. it's dire consequences to early retirement. neil: obviously they think that's made of a rock star they can be more generous with benefits paid by the taxes of people already showing up the system. it is weird. john allison former bb and t chairman and ceo. thank you, my friend. >> thank you neil. neil: stocks rocketing as six out of ten of us think we're in
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a recession. think about how the stock market has been ignoring that. meet the "the apprentice" winner, bill rancic says you should see how the real estate
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ignoring that. . neil: well, if you think the stock market climbs a wall of worry, you should see the real estate market. "the apprentice" winner bill rancic says up, up and away. even you can take a deep breath, right? >> you spend part of the year in los angeles and you see the homes selling at $15 a square foot and keep climbing. neil: who is buying all of this stuff? you are priced out of the market, who's buying? >> a lot of money there. it's amazing these people can afford these homes but they
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can. i don't know what the mortgages are like. >> earlier in the show i was saying we have guests worried about that real estate is on fire in the upper end in this city, 80, $90 million condo are not uncommon you are hearing and the "wall street journal" is talk about the lure of people purchasing property out west, outside of that on the other end of the market it's very different. i'm wondering whether that kind of two tiered market can last? >> i don't know, you know it's scary. neil: you won "the apprentice." trump says you are great. >> you got the show. neil: yeah. >> we're seeing apartment rentals and the price of rents are going up not just in new york and los angeles and chicago but other markets as well. and i think longer time on the market for homes that are selling in that lower category. neil: does it eventually go? it looks like the federal reserve delays raising rates. does that make a difference or
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does the rate hike we've seen in the rates something the fed can't control like the 10 year and others inching up this week. is that enough to get people off the fence i got to buy and get in on this. rates are going to go up. >> so many people who are still scared. the stock market scares them, real estate scares them because they got burned. we went through one of the worst economic down turns of our generation since the great depression. a lot of my friends who aren't financial experts are scared and they're very cautious about getting back into the market. neil: where do they go? do they rent? >> a lot rent. neil: they're wealthy guys. >> not all of them. i'm from a middle-class family in chicago. they're hard working guys make a good living, they're concerned. neil: i know a number of well to do people who are skittish about the environment. >> they got burned, a bad marriage you don't want to get married any time soon, you are haunted by the trauma of the
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stigma. neil: we were mentioning about donald trump, thought you were a rock star, and he was right. but i'm thinking he made a great line with me i was telling you about it in the break, they're not making any more land. but i joked with you, they are making more up there. in other words, the towers are getting bigger and bigger taller and taller, so they are making a lot more supply. too much so? in other words, could we be building our next sort of florida real estate crisis? >> the market doesn't indicate. that i'm not an expert on manhattan real estate. donald trump is more of an expert than i am. neil: what do you see in chicago? >> it's booming. the higher end market in chicago is booming. neil: really? >> absolutely. things are selling in a day. there's bidding wars happening. i talked to a girl who works in real estate, laura reuben top broker in chicago, and selling
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things as quick as she can put them on the market. neil: that changed recently? >> within the last two years maybe longer things have started coming back and people are selling again where people weren't selling properties because they weren't valued where they should be. neil: so when you hear bill that a lot of people look at this overall economy six out of ten of us are convinced we're in a recession that doesn't jibe? >> people in the real estate business are confident again. people in the upper echelon have more expendable income and they see it. they're taking advantage of it. just like any other downturn. people who buy when it's down are taking advantage of the opportunity. they have the chutzpah to take the risk. the higher the risk the higher the reward. neil: i guess so. i don't mean to sandbag you, there's a lot of talk that donald trump is going to
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seriously consider running for president. i say you don't want to open your books up to everybody it's a demeaning process. a lot of people say he is serious. do you think he would run for president? >> i've seen him over the last ten years, and i think this is probably the most serious he's been from what i read and from what he says and how he's pursuing this. i think he opened up an office in new hampshire and iowa. so i think he's probably considering it more than he's ever done in the past. neil: what kind of president do you think he'd be? >> you know for me i love him. he's the guy who changed my life. he gave me an opportunity. neil: he would not like living in the white house, it is smaller than his own. >> three or four floors over here. neil: thank you very much bill rancic. i might say he was their favorite apprentice. i can understand that. did you see the 3,000 pound great white shark?
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researchers apparently using gps to track it as it swims up and down the east coast. but that is nothing compared to what we'll be tracking on "cavuto coast-to-coast." i will always take advantage of an item like this to promote our new show that begins june 1st, from 12:00 to 2:00 p.m. eastern time. as if i don't have enough do to keep you financially solvent. they have called on me again, and america i responded. we're going to track developments like these and tracking sharks as well. i might catch a few sharks on the show. then again, i might not. talk about a boomer. we what you exactly what charlie gasparino said about this. >> you kids are such [ bleep ]! [ laughter ]. >> stupider than we thought! ♪ ♪ ♪ ♪
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♪ ♪ the ones with the guts to stand apart - join a league all their own. ♪ can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
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. neil: all right, notice for weeks dare i say months charlie gasparino railing against the younger generation, now hear them railing back. i think what he's saying is you guys feel entitled. >> maybe he's mad because he doesn't have as many twitter followers. neil: jealous? >> clearly the future, you need us to succeed. maybe don't insult us so much. maybe. neil: take that grandpa gaspo. we showed that to gaspo. it did not go well. >> these kids are such [ bleep ]! [ laughter ]. >> they're stupider than we thought! >> the ultimate gentleman just saying really, do i have to do this? anyway, the generation now makes up the largest part of our country's workforce and cannot wait to fire his cranky butt. we have our other cranky guys here to weigh network not
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nearly as cranky as charlie, including bitter female lizzie mcdonald and the most bitter boomer of all charlie gasparino, and steve levy and charlie brady. you don't get to respond. you're taking what they were saying and they say you're a hateful character. >> i want you to know, i probably have five times as many twitter followers than the gal with the glasses, whoever she is. >> not that you're counting. >> i have five times. neil: she is beautiful and smart. >> and couldn't wear my jock strap as a reporter okay? >> who would want to? neil: thank you, lizzie! >> i'm just saying -- >> she's a female. >> i am about 5,000 times better a reporter. not her, the one in the middle. neil: they all hated you, though. and one of the reasons why i'm a better reporter, one of the reasons i have incredible job security, is because i'm not a millennial. i was trained the hard way and for that reason, i am 5,000
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times better than any of these millennial journalists. >> just approaching with what charlie is saying from a more intellectual approach. the numbers show the numbers show that millennials are much more engaged with their technology than with other people and -- >> they took offense to what he said? >> you're right. >> about the twitter followers right? neil: she's has 13, you have 47,000, she's a tenth your age. >> she broke one eighth of my stories. >> someone break your stories because your stories involve some sort of human contact. >> that's true. neil: you didn't! lizzie are you hearing, this a little condescending. >> you think millennials don't have human contact. >> much less, lizzie they are much less engaged. neil: charlie as the gentlemen, you have to weigh in. >> puzzled at first reaction to charlie was rather than say
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hey, maybe there's a point to what he's saying and got combative right away. neil: do you think there's something to what they said? >> charlie explains about ipos, it's one of his expertise, and young reporters like talking over and not listening because it's not what they wanted to hear. >> can i say something go ahead, steve go ahead go ahead. >> ernst & young did a study 1200 people they interviewed. millennials are the least in terms of the worst in terms of team players, productivity and hard working. they know a lot about technology. neil: he's not exactly yogi berra. >> they know a lot about technology, but when it comes to being engaged with other people, which is what it's all about in the world. >> it's a cult. >> it's a cult. >> job security for the boomers. >> absolutely. >> i can tell you something that's interesting? remember -- >> take care of ourselves.
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>> remember when the governor ran for president. i watched this three-quarters of the 18-24-year-olds were talking politics at the dinner table. now they don't talk politics because they think it kills the mood. they think it's a buzz kill they won't talk about the issues. i hope that's not the way it is. >> that's a really good point. neil: you talk money supply. >> you talk business economy, finance stories of the day. >> look how many mistakes they made during the whole thing. we were listening to them. one mistake after another. they think they're right. neil: who made mistakes. >> those kids. look this is what i was reacting to. >> their source of information is not valid news shows. they're not listening to neil. they're listening to some crazy blogger who has some twitter feed, and that becomes their gospel of the day. >> right. >> we need more millennials out
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there. >> they eat a lot of pink berry. >> what is pinkberry? >> the yogurt. >> it's millennials and it makes me sick. >> i came back from the restaurant on the east side there are very few millennials there because they can't afford to eat there. i take my wife there. neil: now there's a woman -- >> millennials never eat at good restaurants they don't know food. neil: don't you wish you knew now what they know at their age. >> i worked at the silver spoon. neil: suma you give them slack? >> i would cut them slack even thoi i was a virgin by popular demand in high school. [ laughter ] >> just look at move ethe boomers have the graduate,
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ferris bueller's day off. what do the millennials have? hbo girls. this is all tongue-in-cheek, i'm only kidding. >> think about the drugs they take. what's the drug now? ecstasy? neil: starbucks. >> something called flam or flan. at least we didn't mind expanding drugs. >> i can't believe you. [ laughter ] >> do you think that these kids have anything valid to say? >> well, obviously they have a couple of things that are valid neil but what comes across is how disengaged they are. neil: i could argue you are disengaged from them. >> i understand. you see them go whatever church temple, et cetera. much smaller percentage. neil: that's for everybody. that comes across for everybody. >> yes but millennials just are not involved with human
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activities. their issue is technology and they don't do a very good job of it. look at the cover on news week, russians are hacking all over the place. i guess that's what millennials will be good at, hacking. ruining the system, and that may be their greatest claim to fame. >> we can employ them to attack the russians? >> maybe, maybe. i think the russian millennials are probably more engaged than our millennials. >> there are the millennials that are in our armed forces and it's a class issue to being serious here. the working class kids that go into our armed forces that are millennials are incredible. they do great things, they're smart. we need to give them -- they get screwed by the moronic millennials who go to college and a lot of these big companies won't hire those millennials that were in the army and the armed forces that fought.
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they're up for the ivy league morons. neil: never called anyone a moron or never called anyone a name. >> he agrees with me. neil: do you agree with that language? >> do you agree with what i just said? >> yeah. >> charlie you came up with the exception that proves the rule. the children that choose to go into the armed forces do want to engage. >> and these companies discriminate them to engage with other people. for the clowns you had on the show earlier. neil: all right, well what are we up to now? the average age of the viewer now is 89 and on oxygen? all right, i knew the apple watch was cool, whether young or old, but when i saw jeb bush wearing one, i didn't know how cool. when i heard jeb bush discovered it could do something else i didn't know? game over. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables
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is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24, a circadian rhythm disorder that affects up to 70 percent of people who are totally blind. talk to your doctor about your symptoms and learn more by calling 844-824-2424. or visit your24info.com. don't let non-24 get in the way of your pursuit of happiness.
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. >> someone will send me a signal, i come here, i get a double beep, saying you ate a butterscotch sundae, you are diabetic, whatever we will be able to guide our own health care decision in a way that would make us healthy. neil: apple should sign him up. apple watch replacement for obamacare. tech watcher saying well that's about almost what will happen? it's good to have you peter, what do you think of what he's saying that marvels of this device and other devices like it are kind of minimizing the need for all this other stuff. >> in theory, sounds like a great idea. but the treadmill sounds like a great idea. i have a gym in my building, if i went to it every day that would be a great idea.
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theory of having devices that monitor your weight and take cholesterol. we're human beings who don't listen all the time to the right things to do. it might be pushing as long as we have the apple watch everything will be fine. we still like our burgers. neil: part of it is -- i think what he's saying is it ubiquitous and the presence is such we can't help but listen. >> on the flipside ten years ago we didn't have mobile phones, 20 years ago we didn't have devices. if we wanted to monitor our health, the options are nice to have. the bigger picture is how many people are going to take advantage of it. if you looked at economic numbers people who need obamacare or who need health care who have issues with diabetes and things of that nature probably can't afford an apple watch to begin with. neil: there is that. google self-driving cars are about to be tested on public roads. there is no road rulings for these things yet. a lot of people worry about
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this, safety records limited as it's been has been pretty good. >> always good when it comes to google driving. what's hysterical people notice the car, that's the google car! and crash into a tree! look at that. it's something. i think it's going to take time for us to be okay when you see a ferrari on the road and you slam in the car in front of you. the google car itself is probably better at driving than you are. the key is to understand the difference between a red light which is gets and a puppy. if i see a puppy on the side of the road i'm going to slow dupe because we don't know what that puppy is going to do. to be able to get google's cars to understand that nuance. there's a soccer ball, i bet there's a kid behind it. neil: if the car either speeds or does something it shouldn't be doing, who gets the ticket? >> if it's a driverless i'm assuming it goes to the person who owns the vehicle. neil: do you think this is the wave of the future?
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>> yes, gps back in 1994 bill clinton decommissioned gps and made it available for the masses. and that really ushered in. thank bill clinton. neil: really? you can thank me later. that would be cool. >> usher in the era for people to get where they want without having to stare at a map. the amtrak disaster in philly could have been averted had they have the braking system and that is controlled by gps. neil: but doesn't that negate the need for conductor engineer or whatever? >> needs for a lot. it's the same reason pilotless planes don't work, yet you want someone in the cockpit if something goes wrong. you're looking at a lot less people and lot less human error factored into it. neil: anything would be a better driver than my wife. [ laughter ] >> by the way how is the apple watch? >> interesting, i played with it for a bit.
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i had the android watch, and it's funny android and apple have been training us not to use watches only to sell us a watch. we've been going to our phones for the time and now all of a sudden we're wearing watches again. it is one of the things they have initial push because everyone wants to buy it because everyone loves apple and it will level off, they will see good sales out of it. neil: good luck with the two-year-old. >> thank you. neil: happy it's friday? this week stressed you out? embrace the stress this weekend. my next guest says ♪ ♪ ♪ (under loud music) this is the place. ♪ ♪ ♪ their beard salve is made from ♪ ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend
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>> >> stress can be good for you. as author of a book on the
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subject there is the upside to this. >> there is provided much rand held psychologists i think of that as the enemy but studies have come now to say they change the story about stress that it could have some upside with the most surprising studies was done and that 121 different countries to ask how stressed out they were but more people stressed out is associated with longer life expectancy and higher gdp. at the individual level those that have a stressful lives it is associated with earlier mortality and other times it seems like kudus resilience evade determine how we think about stress. >> make better use of it where example think of it as
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energy but a lot of us when we feel our heart pounding or overwhelmed we think i need to call down or we need a drink or you need to start to think of it as a of a rocket that gives you energy it is actually are brought in -- your brain and body give the new fuel to a rise to the challenge. >> but they cannot go on vacation or chill out. >> maybe your family may calm down if you change the way you think about stress. it is it done a bad strategy because it could strengthen relationships rather there and trying to hide it.
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it works in california because that first research was done with those who work can finance. welcome to another edition of the best of the eye mass morning program as we look at the beautiful kalt ranch for kids for cancer in new mexico. here at our fox business network studios in new york. over the next hour some of the interviews and musical performances as well. we'll have the very funny colin quinn here in a few minutes. he was talking about his broadway show

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