tv Cavuto Coast to Coast FOX Business February 5, 2016 12:00pm-2:01pm EST
friday lunch time. my time is up. is yours. neil: we are watching this development in the market and i tell you there's a lot, worse than expected new jobs news but the one that has law market's sort of getting kidney is surprising gain in average hourly earnings, they shot up 1/2% and that is fuelled talk, the federal reserve is going to keep raising interest rates and that is something they don't like to say. all of a sudden in the middle of a weak report, by and large, the unemployment rate did to 4.9%. that has got to stop, the federal reserve from continuing hikes because wage gains are there. the number of jobs are there, not as high as they thought but something the president will remind folks about in 20 minutes.
they are hitting that level under 5% on unemployment. much more going on here. connell: in terms of the overall movement, end you have seen it inching higher. and they expect interest rates going for bose stock but there's a lot more going on. a lot more earnings from linkedin last night. that is completely outside we are talking about for the federal reserve and jobs report, look at the decline of the stocks, $10 billion market cap and a single day, complete disaster because of the forward guidance from social media company. i say the term social media, either stocks you group along with linkedin, they are all down today and down significantly, 4.5, almost 5%. in terms of the dow and the 150 point decline we are seeing we
have some winners, fuel of of the top, verizon, walmart, a caterpillar, up dow losers today, leading average to the downside include likes of nike, johnson and johnson, 2.5, almost 4% decline. people consider what the federal reserve will do as they look at the jobs report. neil: that wage thing, everything else seemed to be okay but we have more with connell on that and we will go to the white house because we had 4.9% unemployment rate. a lot of people say it is the quality of jobs, fair enough but both sides play statistics and the president will say it is when i assumed office that we are 70 minutes or so from a little crowing. now to a place that is doing a little more than snowing, manchester, new hampshire where we will be this weekend, blake berman already there had of the
primary. >> reporter: certainly snelling, we have five inches already. playing games with some of these candidates. donald trump had to cancel his only event in new hampshire today, from the generating many headlines once again as he leaves the field big. i want to show you real briefly the politics polling average get support from one in three republicans but the other story line is who might finish in second. many of these candidates are placing how we do going forward on what happens on tuesday, that second half, marco rubio, ted cruz, polling in the mid to low double digits and chris christie trying to get into that, new york times reporting bullish and chris christie are teaming up to take on marco rubio, they are saying marco rubio is
inexperienced, and somebody who really hasn't done much during his brief tenure in washington and here is a little of what we have seen in new hampshire from those two over the last couple days. >> marco rubio is a guy who never had to make a difficult police in his life. >> it is hard when nothing gets done but don't brag about things you have never done. >> marco rubio has tried to stay above the fray with all of this wishy has not responded in kind to bush's onetime mentor or chris christie. here was how he will laugh it off yesterday. >> when people have a tough time in the campaign, we see desperation set in but i am not too worried about that. >> reporter: i show you those bowling average cannot when you look at the tracking poll which is day-by-day there is evidence
that he is gaining in new hampshire's. we will see how this plays out tuesday where we are told there will be no snow. neil: thanks. you can see the one thing about when you emerge as a real threat they start making you a target. marco rubio finding out the hard way, this is the kind of thing ted cruz had to endure in his last debate when he was at the center podium position, now a feeling, it is all on marco rubio. what is going to happen? >> what these other guys don't want marco rubio to do is to pull 15% and run away with it and turn in a strong second place finish ahead of expectations as they did in iowa and defies expectations that have momentum in south carolina so they are assaulting him as they did to cruise in iowa.
it is all about momentum. we heard ted cruz on the campaign trail say since when is the third place finish winning, it wasn't about marco rubio's third-place finish, it was coming in second, finishing a strong third within a point of donald trump, they don't want to see a repeat of that in new hampshire. neil: there's a tendency for poles to coalesce or for undecided voters to coalesce around a candidate who might seem to them acceptable and i am wondering, too early to tell even after new hampshire, 5% of the vote. but early coalescing around marco rubio is flight that default second choice, finishing third, close third in iowa, turns that into first place finish in south carolina, play the sound for me.
>> the marco rubio's team plan has been to come in second behind donald trump in new hampshire and to finish first in south carolina, going into the rest of the primary season. that is what they are banking on. i think this will be a three man race. i don't think any of these guys are leaving the race soon. i think what was really interesting about the iowa results was marco rubio was the top second choice for voters and if he continues to wrap up momentum, we will see voters especially if candidates leave the race, three candidates do so in the past couple dais he may add to his numbers and we have to see. then again marco rubio's support was concentrated in the urban areas, ted cruz's was evenly distributed across iowa. that is something to look for when we hear the new hampshire results tuesday.
neil: watching an editor, now one of my favorites, joining us on republicans, breaking the reagan rules, don't speak ill of other republicans. what we forget is ronald reagan spoke ill of other republicans, at least one in 1976, he just didn't do it all the time. this is when he was challenging incumbent president gerald ford for the republican nomination. but he was sparing in his criticism. play this out. what does that mean? >> 1966 when reagan ran for governor he saw the disaster when barry goldwater and the republicans were attacking each other and he posited this eleventh commandment that republicans should not affect each other. it is true exactly as you said the she did so in 1976 against gerald ford but he called the gerald ford in advance and said i don't want us to attack each other in such a way that it splits the republican party and
allows the democrats to win. neil: didn't happen that year? >> it is through the republicans lost that year but gerald ford was lagging way behind jimmy carter and put on a good come back and came within a point or two of winning. the split that they had not seen to be responsible for the defeat. neil: i do seem to remember -- i am very young, i was two or three at the time which i wasn't. i do seem to remember is there were a lot of conservatives chafing at what they considered the shabby treatment of ronald reagan at the '76 convention in kansas city. it wasn't as if they ran to vote for jimmy carter but a lot of them sat on their ands. i am wondering if a tick off ted cruz supporter goes to marco rubio or to donald trump, you know the game, you are not really keen on the all the
nominee and won't go out of your way to help that nominee. what do you think? >> i think that is true but the key point is not to attack each other in such a way that the democrats can use those at tax in the general election. we have seen that happen and what it does, republicans fare poorly. george bush was attacked by pat buchanan in 1992 heavily in the republican primary for the tax cut he had when he said read my lips, no new taxes and democrats went on to use that in the campaign and bill clinton won. neil: i thought they would have used that any way because that was tailor-made for a big 180 but you raise a good point and marco rubio ever got the nomination i am thinking of the boy in the bubble comments and all that stuff does that come back to bite him? does that hurt him? now the talk is ahead of tomorrow night's debate, they are all coming after him and what happened to mitt romney, what started out to be a crowded
field, he is a wounded nominee. >> i don't think so because those attacks against marco rubio are from lesser candidates the danger is when they are from a front runner. in 1980 ronald reagan was attacked by george bush who was a front runner and george bush charged reagan with voodoo economics and that went on to be a slogan democrats used to attack him but bush was a front runner. when it comes from somebody way back i don't think it makes nearly as much difference. neil: reagan put him on his ticket. that was then. who knows what we can do now? thank you very much. >> thought the criticism. neil: kind of week and did a little bit. you might have heard in new hampshire, days away from a big primary. this is the first primary after the caucuses and we are at their
all little earlier at 7:55. many people have been e-mailing me by tens of dozens. why are you starting at 7:55? because we can. we thought we would get a five minute jump on rival business networks rerun of a horrific show. this way if you are attempted to watch something about greed or whatever you can see it play out in capitalism and political style in new hampshire five minute early. we are waiting to hear from the president of the united states, he will do a little crowing. a lot of people say in the employment report, and the unemployment rate at 4.9%, the real unemployment rate is higher than that. is -- this president is going to say you know what?
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neil: gets convoluted here, a harbinger of things to come for job-seekers, the employment world and all these layoffs, the fact of the matter is the jobs report it wasn't as strong of the jobs front but did under 5%, 4.5%. and it is up big numbers, and the holding, a chance to take office, all presidents are, and
might as will grow on good news. it is good news, mortgage applications in the latest period, they shot up more than 8%. crosscurrents, the federal reserve hikes interest rates, more inclined, this is something guys can't stand, treasury yields backing up. i don't know if you caught the bernie sanders/hillary clinton debate but it was reading. i liked it because they were so nasty to each other. even faking the niceties of political life and all these two were at each other's throats. for barry sanders it has got to be unnerving for hillary clinton to see the large crowds he gets and he raises a lot more money and more that he raises that
money in very small denominations, $27, $20 at a time. why millennials are liking that. liking to bernie and feeling the burn. charlie is true here, they are the disproportionate faces in the bernie crowds. says they like what they are hearing. >> it is dramatically if you look at the iowa results bernie sanders got 87% of voters from 18 to 25. unbelievable when you think about it. hillary clinton has dramatic small dollar donation problem. one of the reasons barack obama was able to outlast mitt romney towards the latter part of the election is barack obama kept hitting the small dollar donation base and was able to add more field staff, get on the air earlier than mitt romney and let's say hillary clinton does out last bernie sanders she will need a grass-roots base to fund heard during the tough summer months when high dollar contributions drive.
there are only so many individuals that will wreck $2,700 checks and hillary clinton will go to wall street to fill her coffers up but bernie sanders has amassed something that i am stunned, 3.5 million contributions. it is beyond historic and hillary clinton has to find a way to channel that energy enthusiasm. neil: hillary clinton is not hurting for money but she is losing the money momentum. when you talk to her staff there is a confidence that we are going to lose new hampshire, he is the third senator in new hampshire from neighboring vermont so we're focused on that, the momentum and appearance that maybe bernie has the shot really hinges on his young supporters getting out to the polls. >> does. young supporters are going to go to the polls and they are disregarding the fact with a year bernie sanders talking about free college, i have student loans, they don't go further into it and when they
get their news from rolling stone magazine or billy joel armstrong's twitter account what can we expect? they will go to the polls, they may not make informed choices. >> hillary clinton, and tax cuts, what they are going to do about entitlements, or the growth of entitlements, be that as it made the one thing i see going on is if you are passionate about someone is like the first crush. you then realize the warts and problems later on. which has happened to me many times and as -- first to you on weather that is something bernie sanders has to be wary about. >> i don't think he has -- for millennials, too much, we don't trust her. when they showed after the caucuses the millennials chanting she is a liar almost like being at a hockey game, you
just detest her and -- neil: they don't all detest her. >> i am not a fan but most millennials are not buying the clinton scandal. neil: among democrats that youth vote, you are right, it is disproportionately bernie sanders, 65, 45, a big gap. the rap on young people, fine specimens of use in this country, you don't really vote. you show up at rallies but you don't follow through so maybe hillary clinton is worried about something that might not materialize, that rabid fan base doesn't run to the polls. >> you are right. the percentages of young people going to caucus or engage in a primary is not the same as voters over 55 but in iowa bernie sanders's competitive edge came from the younger voting bloc and with regard to the issue of why do younger voters find bernie sanders
attractive i get asked this question all the time. there is a lot to be said for a candidate that has attacked the status quo and establishment from an almost insurgent standpoint. number one issue america, all young people agree with his washington d.c. is controlled by the low wealthy, the elite and the few that are able to buy influence through lobbyists, lawyers, bernie sanders diagnose the problem and solutions are completely off base. he does it with passion. neil: i could agree with you. one word on this. i think the magic of bernie sanders, i don't agree with him on taking almost all my money and giving it to the government but i do understand from what i used to talk to him as the mayor of burlington, vt. he said that stuff back then. he has been consistent, and two of those positions year in year out, decade in decade out and the young people are much like a
lot of other people, they appreciate honesty. >> they absolutely do and that is why they will choose him over clinton. he says what he feels and sticks with it. he's not afraid to say i am a socialist and you have clinton trying to one up him on his policy ideals but she is trying to say that is not me at all. free college for every one. neil: he has been saying this forever, the real article, you don't have to accept the real article, he says what he is, thank you very much. is real deal thing, free to prompt her. i am the real deal, prompted to move a little bit. record voter turnout is what we are hearing. think about what that means. the consensus, record voter turnout would help donald trump. it didn't. record voter turnout would at
. neil: all right, new hampshire secretary of state is already confirming what connell mcshane has been reporting, that it could be record turnout on the granite state, and i mean really record turnout. >> reporter: yeah, expecting it to be a total of 550,000 people combined. more interesting numbers -- neil: almost three times what we had in iowa. >> reporter: right, tells you the difference between the two states. we're looking what we expect versus the last contested primary.
versus the republicans in 2012, you could have, if they're right, 30 or 40,000 extra people. the democrats had a huge year in 08. i'll be the numbers guy by the way on tuesday night. >> will you be in new hampshire with us? i don't want to give things away, you're going to be there this week with your kids. >> i'm going up there, my kids are into it, we're going to hit a couple of events sunday. neil: are they into bars? >> you, deband pat caddell. that's the influence i want. let me get you back on point here, neil. >> you were kind of boring me. >> let me ream you in. here's your number tuesday night, 112,000. hillary clinton was in new hampshire in 2008 and 112,000 people voted for her then, interesting to see how many don't vote for her this time. the turnout is about the same, maybe more, maybe a little
less. neil: isn't the turnout going to be goosed by bernie sanders. >> and the young vote. neil: and the expectation is will they indeed vote? >> we'll see, we all got into it in iowa. neil: i hope you have more than that come tuesday. we'll see. >> yo, ay, sounds like bernie sanders. neil: caddel -- >> you are quite a team. neil: we can make it a threesome. [ laughter ] >> i had you thinking. [laughter] >> neil. neil: well, it started with caddel! it was cold. >> isn't there a commercial coming. neil: whatever happens in des moines stays in des moines. >> i'm not going to new hampshire. neil: i extended that to manchester where it's snowing right now. perfect environment for like another kind of political deliverance. all right. stick around, you're watching
fox business. when we come back, connell is going to try to resuscitate his career. he'll try. it's a fact. kind of like bill splitting equals nitpicking. but i only had a salad. it was a buffalo chicken salad. salad. thanks. ♪ [ male announcer ] fedex® has solutions to enable global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪
>> i wanted to stop by, america's business created another 150,000 jobs last month, after reaching 10% in 2009, the unemployment rate has now fallen to 4.9%. even as more americans join the job market last month. so this is the first time that the unemployment rate has dipped below 5% in almost eight years. americans are working. all told eover the past six years, our businesses have added new jobs. 71 straight months of private sector job growth, extends the longest streak on record. over the past two years, 2014 and 2015, our businesses added more jobs than any time since the 1990s. most importantly, this progress is finally starting to translate into bigger paychecks. over the past six months, wages have grown at their fastest rate since the crisis. and the policies that i'll push
this year are designed to give workers even more leverage to earn raises and promotions. so unemployment, deficits, gas prices are all down. jobs, wages and the rate of the insured are up. i should mention by the way, that since i signed obamacare into law nearly 18 million americans have gained coverage business ands have created jobs every month ever since. on that, every one of them full-time jobs. as i said in my state of the union address, the united states of america right now has the strongest, most durable economy in the world. i know that's still inconvenient for republican stump speeches as their doom and despair tour plays in new hampshire. i guess you cannot please everybody. that does not mean that we
don't have more work to do. there is softness in the global economy. china's going through a transition. europe's economy is still slow. a lot of the emerging markets are challenged. so that's all creating headwinds for a lot of u.s. companies who do business overseas. it makes it more difficult to sell exports. we've got to pay attention to this and take smart steps this year to continue progress, and we also have to do more to make sure that the progress that we do make is broadly based and impacting folks up and down the income scales. the budget they send to congress on tuesday is going to make sure that we can continue that progress. talking down the american economy, by the way, does not make that progress. my budget's going to offer more opportunities for americans to get the education and job training they need for a good paying job. it will offer new ideas for benefits and protections that
provide folks with a basic sense of security. will create more good paying jobs not by subsidizing the past but by investing in the future, and that's why we're going to be placing a big emphasis on clean energy. private sector solar jobs, for example, are growing 12 times faster than the rest of the economy, and pay better than average. that's one reason why my budget is going to double our investment and clean energy research and development by the end of the decade. that's going to help businesses create more jobs faster. it's going to lower the cost of clean energy faster. it's going to help renewable power compete with dirty fuels across america in a more effective way. those are some of the steps that are going to make sure our future is even stronger. future that is worthy of the hard work and determination of the american people. the progress we've made, going from 10% down to under 5.
that's a testament to american workers, american businesses, the american people being resilient and sticking to it, and my hope is that rather than hinder their progress, we're going to continue to help them make progress. with that, have a great weekend. enjoy the super bowl. i'm not telling you my pick because the bears aren't in it, but i'm hoping for a great game. with that, josh? is he back there? josh, take it away. >> you say you don't get enough credit -- president obama:. >> let me take a couple of questions. why not? just what the heck? i'm in a good mood, it's friday. go ahead. >> reporter: okay, so you were implying yesterday in a joking way that you don't get enough credit president obama:. >> this is when i was talking with the warriors. >> reporter: were you referring to republicans and their message, which you could say
could be expected during an election. were you also referring to the fact that polls, like 57% of americans in polls say they don't think things are going well in this country. why do you think that is? president obama: at the time i was making a joke with a basketball team, but there's no doubt that while we have made significant progress, and i talked about this during the state of the union, there's still anxiety and concern about the general direction of the economy. if you look at surveys, people feel better about their circumstances, their finance bus not sure about the future. and part of that is there's still a big carryover from the devastation that took place in 2007, 2008. if your home value drops in half, or you lose a job that
you thought you were secure in, or your pension suddenly looks vulnerable, you're going to remember that. so a lot of people still feel that, and they're right to recognize that there's some longer term economic trends that we still have to tackle; that economy is more dynamic and it churns faster, and the pressure on companies to maximize short-term returns oftentimes to the expense of long-term investment, the lack of loyalty sometimes to workers who dealt those companys and are threatened to be laid off, the fact that wages and incomes, up until the last six months haven't gone up as fast as corporate profits have or benefits at the very top. all those things people feel and experience. though they know things are better, they're worried where are we going? and i think -- so i think that
the argument i'm making here, and will continue to make year and will continue to make during the course of the year. we have recovered from the worst economic crisis since the 1930s, the worst in my lifetime and the lifetime of most of the people in this room, and we've done it faster, stronger, better, more durably than just about any other advanced economy. had we adopted some of the policies that were advocated by republicans over the last four, five, six years, we know that we probably would have done worse, and know that because a lot of european countries adopted those policies and they haven't yet gotten to the same place they were before the crisis. so evidence, facts are on our side, and this jobs report gives you one more indication that the facts are on our side. i think that it is important for us to understand how do we
take the next step and help people feel more secure and more confident about the future? and that's why investments and education in job training. going after the high costs of higher education. making sure that issues like paid leave and family leave are put in place. raising the minimum wage so if you're working full-time, you're not in poverty. making sure that we're investing in transportation, infrastructure, and clean energy. going after the jobs of the future, investing in technology. all those things are a recipe for continued growth and increased security, and as far as i can tell, those who are running down the economy and adding to the anxiety don't seem to have any plausible, coherent recipe, other than cut taxes for the very folks doing the best in this economy, and somehow magically, that's going
to make other folks feel good. or alternatively they argue that the reason you're feeling insecure is because immigrants or poor people are taking more and more of your paycheck, and that is just not true. the facts don't bear that out. that's not where the weaknesses in the economy are, that's not depressing wages for middle-class families or making them more vulnerable to descriptions in the economy. i want to keep on making that argument during the course of this year. we should feel good about the progress we've made, understanding that we've still got more work to do. it's sort of like, you know, i'm 54 now, so i got to work out harder to stay in shape, and, you know, i'm feeling good in the gym, i want to acknowledge that when i'm doing is working. otherwise, i'll just go up and
have a big double bacon cheeseburger or something because i'll think this isn't working. no. if it's working, then we should be staying on that same path. that doesn't mean that i'm where i necessarily want to be. doesn't mean they stop doing some hard work to get where we need to go. all right? and i was only going to make two. i'm just going to pick two. all right, go ahead. >> reporter: thank you, mr. president. how can you improve workforce participation levels because as much as people talk about the recovery, so few americans are now relatively speaking in the job force, especially compared to 2008, and if you wouldn't mind, sir, you can comment on the $10 per barrel fee that we've heard so much about? president obama: on the first question, part of what was good in this jobs report is the fact that the participation rate, in
fact, didn't drop. that wasn't the reason why unemployment dropped. more people are entering into the workforce, they feel more confident, and they're finding work. but what is true is that we're still at a point where the labor participation rate is lower than it has been historically. some of that's explained by demographics. the population is getting older, so you would expect that there is some decline, but it's not fully explained by americans getting older. some of this is still the hangover from what happened in 2007/2008. this is part of the reason why we have to keep our foot to the -- to the accelerator in terms of doing the things that need to be done to keep the economy growing and keep it strong. we should not let up from the progress that's been made so that the labor market continues to tighten.
people feel more confident that if they go out and look for work, that they can find it. there are particular cases where folks have been -- out of the labor market for a long time, and may not be equipped for the jobs of today. and that's where we've got to target some special efforts. i get a lot of letters from middle-aged workers who got laid off, aren't confident about their current skills, and so have not yet re-entered the workforce. they need to get retrained, and so that's a special group of folks in their late 40s, early 50s, still far away from retirement, but feel like they can't adapt. obviously, there are young people, high school dropouts, folks in both rural communities and inner cities that just came
of age right in the middle of this terrible recession, and haven't gotten attached to the labor market yet. so we've got to make special efforts to figure out how do we get them into job training programs or community college and allows them to get some skills. so there's a wide set of strategies we can take on that, but it's going to -- it's going to require overall, though, a strong labor market for them to feel like it's worth it to make these -- to make these efforts, and we want to keep making sure that the labor market is as strong as possible. with respect to oil and energy, i'll probably make a larger speech about that, and the direction we need to go on this. the basic proposition is that right now gas is $1.80, and gas
prices are expected to be low for a while, for the foreseeable future. that, overall, can be a good thing for the economy. but what is also important is that we use this period where gas prices are low to accelerate a transition to a cleaner energy economy because we know that's not going to last. every one of us have seen cycles where gas prices go down, and then they pop back up, and the idea here is that, if we say to oil companies, which, by the way, got a significant benefit when we, in the omnibus, allowed them for the first time to export oil. up until that point, domestic oil producers couldn't export. so if we say to them now, all right, oil companies, we know that you're having to retool.
we know that prices are low right now. you're allowed to export. but what we're also saying is that we're going to provide -- we're going to impose a tax on a barrel of oil, imported, exported, so that some of that revenue can be used for transportation. some of that revenue can be used for the investments and basic research, and technology that's going to be needed for the energy sources of the future. then, ten years from now, 15 years from now, 20 years from now, we're going to be in a much stronger position when oil starts getting tight again, prices start going up again, we will have further weaned our economy off of dirty fuels. we will not have just made environmental progress, but will also have a much stronger economy, a stronger infrastructure. we will be creating the jobs of the future, and i think we'll look back and we'll say that was a smart investment.
that was a wise decision for us to make. but the point is, it's right to do it now when gas prices are really low, and they will be low for quite some time to come, so it's not a disruptive factor in terms of the economy. all right? okay, guys. of course, they always say something. i said two questions, i hope you have a wonderful super bowl party. thank you, guys. neil: all right, well the president taking advantage of a 4.9% unemployment rate. something we haven't seen in 8 years to crow about the improvement he's seen as president of the united states. he left out some disturbing developments like a sudden drop in exports in 2015 for the first time since the recession. but again, no matter who's in office, he or she is going want to to focus on the things that have gone well. i did find rather interesting when the president talked about the danger talking down the economy, obviously referring to republicans stumping in new
hampshire this weekend. but that's all they do is talk down the economy. i seem to remember a senator barack obama talking down the economy when he was running for president, this was before the meltdown when he kept saying we ought to do something about this debt. this debt is choking us. that was 7 trillion bucks ago. again, this is politics and something the president will seize on. i'm joined by my friend connell mcshane and charles payne. connell, it's only fair if he gets the blame for bad stuff, pound the good stuff. we have indications in that report that things are slowing down to the extent that that could be a problem. the markets have been all over the map on that, and didn't give any credit to the federal reserve which goofs this by keeping rates at zero and buying notes and bonds to force it. >> he made a forceful political
argument in part, kind of got lost towards the end. he did go to the wage issue fairly quickly and said gas prices are down, jobs and wages are up. which is a campaign bumper sticker almost. when he turned to the economy, it was almost like it's not our fault. he said there's softness in the global economy and almost paused when he said global which is to say the problems are over there, here, people are better off, gas prices are down. blame the rest of the world if you have an issue. neil: speaking of the rest of the world, charles, other countries want to try tax cuts, no, they haven't. i don't know any. >> austerity in europe has come with tax hikes, it's come with, you know -- neil: your definition of austerity is different. >> completely 1,000%. there were compromises in europe, but nothing akin to the austerity that they need. and as far as this jobs report
is concerned. 151,000 is not a lot. employment to population ratio is extraordinarily low, and that's what we need to look at. neil: out of republicans, he had a good point how you answer that, right? are you going to moan about it or offer constructive plan? >> here's the thing, if you talk about participation, it's because people have completely dropped out of the job market and they're not counted, and this month some people came back to the job market, bravo. that's good. but millions of millions of people who dropped out. of the 151 jobs, a third were minimum wage jobs, and disingenuousness of solar jobs, the omnibus carried over the investment tax credit. essentially a $40 billion taxpayer gift to solar. that's how you fuel a lot of jobs, when the taxpayer's paying for them. neil: always in the eye of the beholder. he is president.
only fair, right? the next republican, democrat, they all do this. we just wanted to provide context because that's what we do, that's what we do. right adele? [laughter] every day you read headlines about businesses being hacked and intellectual property being stolen. that is cyber-crime and it affects each and every one of us.
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remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ . neil: all right, well, we hate to rain on the president's parade, dan mills says the job situation isn't quite as rosy as the president states. explain, professor. >> well, i heard the president's comments, and the numbers and the facts that he gave, as accurate today, may become true in six or eight months. they are not today. he uses adjusted numbers and they don't reflect what is really happening. for example, the president said that there were 151,000 jobs created in the past month.
the fact is that there were 3 million jobs lost. the president said that the unemployment rate fell to 4.9%. the unemployment rate actually rose to 5.3%. now what the president's doing is adjusting the numbers in the belief and the hope that over the next several months, the economy will perform well, the way it's expected to perform, and that the numbers that he gave will become actual numbers. let me give you just an example, however, of the serious problems that exist in these numbers. according to the numbers that the president uses, the adjusted numbers, in the last month, some 660,000 americans became employment, and they became employed in an additional 151,000 jobs. 660,000 people, according to
his numbers, but didn't mention that one, took 151,000 jobs. it's possible but extremely unlikely. neil: wow, professor, wish i had more time with the breaking news and the time with the president. one interesting angle you're not hearing anywhere else. the good professor pointed it out. we'll have more. [vet] two yearly physicals down.
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. neil: all right, we're just learning that bernie sanders is set for a cameo on "saturday night live" this weekend, and i think they were going to do some parody. earlier on, larry david does an incredible bernie sanders. wouldn't it be great to see larry david as bernie sanders debating bernie sanders as bernie sanders. lauren michaels, take that and do what you will? my idea. we also another blast of the past, jeb bush bringing in his family, but more to the point is mom, i think even eclipses his brother, former president, again the family ties are coming in droves this weekend.
blake burman in manchester, new hampshire with the latest on that. hey, buddy. >> reporter: hi there, neil, yeah, people are wondering when jeb bush might do something like this, bring his family out onto the campaign trail for him, have them stump for him. of course, you'll have critics argue whether or not this is a good or bad idea. jeb bush stood by his family. he called his father the greatest man of all-time. his brother the most popular republican on the planet, but then yesterday he also brought out his mother, barbara bush. appeared on the campaign trail in new hampshire. she spoke very briefly but spoke very highly as one might expect of her son calling him nice, wise, caring, loyal, but she also said he's not a bragger. that most likely a shot at donald trump. but then it followed up again this morning with jeb bush posting a short video of his
mother to his social media accounts. >> many asked how many questions i had. >> do you think he's going to win? >> you're darn right. >> reporter: darn right, she said, neil, she thinks her son is going to win. barbara bush is not the only one making an appearance for jeb bush. george w. bush appearing in a commercial spot speaking about his brother. he says he has a good heart and strong back bone, a leader who will keep the country safe. i should point out this is a commercial brought out by right to rise, a huge super pac backing jeb bush and not the campaign itself. either way, it is george w. coming out for his brother. neil: would have been funny if she said critical things like he's really not that great. you get your mom to add insult to injury. number of governors in the
race, this is the ok corral. they might have to pack it up here. ashley, what do you think? >> well, i think right now the new polling that is coming out of cnn and wmur in new hampshire shows that honestly governor kasich is the one who's rising. and at first seemed to be chris christie. both have visited the granite state over 180 times, they're staking it all here in new hampshire. the interesting thing is as you're talking about governor bush. we've honestly seen not much excitement at the campaign events we've been covering for him. yesterday he was asking audience numbers for applause which went viral on social media. that's not the momentum you need, probably why he's bringing in the bush family name at this time, hoping that plays well in new hampshire. i think it will come down to governor kasich or governor christie who have strong ground games and have focused on the granite state. neil: the clapping, making a
funny comment here, it gets played up in the media. sean, those who do poorly this week of the governors, i imagine the ones who have a lot of money and lot of cash on hand, they have fight to carry on. some of the other ones different story. who are some of the other ones? >> chris christie and john kasich, this is their last stand without question. and if jeb bush doesn't come in second or third, there's really no reason for him to stay. he's losing his whole reason for being in this race. i think that that's been a challenge for him. he hasn't broken through, and if he can't do well in new hampshire, he's not going to do well in the later states, that's time for him to drop out. neil: i think to ashley's point, those who had trouble raising more money because donors or potential donors are waiting to see how they do in new hampshire if they don't deliver the goods or deem it disappointing.
the wallets shut tight, right? >> definitely, and i think the one encouraging thing for jeb and his campaign is the fact they have a significant war chest, but they have burned through cash. i think when it comes down to voters looking at the governors and donors looking at the governors, they're looking to see who can pull it off here, and then we'll see a lot of people going toward one candidate to. echo what sean is saying, if governor bush does not do well, i think his campaign is toast. have you governor christie and governor kasich who kasich has a strong chance to pull off new hampshire. he's rising in the polls far above christie and far above bush but bush and him seem to be kind of dueling for that money, and, you know, you're seeing big backers for kasich right now, rand paul's advisers going over to kasich. we'll see how that plays out. neil: sean, bottom line, your prediction?
>> trump's it lose and cruz or rubio come in second, and that will close the door. neil: thank you very much, we'll see what happens. just remember polls can be wrong, and they were wrong a lot of times what was going on in iowa. when i was in iowa, the one thing is reading the "des moines register", it is a phenomenal paper, well thought-out, adult-like election pieces, of course it's in des moines, you figure that. just a step above most newspapers in the country. and now the "des moines register" is proving chops again calling for audit on the democratic results here saying there were enough inconsistencies and issues that came up that it would bear another look at things, an audit. the opinion editor of that fine paper with us lynn hicks. why call for something like this?
>> well, what we've heard from the sanders camp is that they c night. he kind of downplaying this, but we knew that they're taking several days to do this. we haven't heard from the clinton campaign, they haven't commented. but you heard hillary clinton's comments in the debate last night about she would cooperate with such an audit. neil: and stress here this is not political. your paper endorsed hillary clinton on the democratic side, but do you think that calling for an audit, i understand the national democratic party says that is impossible to do, it would be like a recount, they can't do that. i don't know who's right on that. but that it would affect the results, in other words, given the closest they were separated by 2/10 of a point that the
happened the other night, do the caucuses need to take a hard look how they do things? neil: you didn't apply this to republicans and donald trump who wants a recount because of the weird stuff going on, he says, with the cruz folks. and that was the campaigns and comments that were made before. neil: no, i understand that. but you didn't address that. why not? there is a more secur trail, and they can be more confident of the results.
>> the margin was such, the margin was such that it probably wouldn't have changed that margin. hard to say, right? >> right. neil: lynn, thank you very much. okay, speaking of all things politics, everyone moves onto new hampshire this weekend. tuesday, the big primary. the first primary in the nation. we're there at 7:55 p.m., we're gauging the reaction. i understand they're expect a snowstorm. you know me and caddel in a snowstorm and talk of connell mcshane could thereby live with us. well, the possibilities are endless. more after this. caddell
talk about it, wasn't spilling the bean on the planned oil tax, but it's a big one. he has big plans for it. jeff flock with what they're thinking about. jeff? >> reporter: he's going to say a lot more, i think, soon about this, neil. he did tease it today. he said gas prices now are about $1.80. i guess the president hasn't bought gas in the last couple of weeks, he doesn't know they are down to $1.76 on average. and asks, if you put a tax on thoishlgs is the perfect time to do it when gas prices are low. >> right now gas is $1.80 and gas prices are expected to be low for a while, for the foreseeable future. that overall can be a good thing for the economy. but what is also important is that we use this period where gas prices are low to accelerate a transition to a cleaner energy economy because
we know that's not going to last. >> reporter: this plan would be to raise about 30 billion with a b, dollars over a five-year phasein, who knows what they're going to do over the course of the next five years? right now it would only be about 25 cents extra a gallon, that would be $1.76 now, that would take us to 2 bucks, gas prices stay low? that's wonderful. what would be the impact on the gas and oil industry? take a look the the layoffs that have taken place over the course of the last year. over 100,000 layoffs in the oil industry. this would be a terrible time to put a tax on it, neil, the reality is this would get passed along to consumers, i don't know that it would be a heavy hit on the oil industry. it would cost us more. neil: 25 cents a gallon now might seem okay, it's not okay, it's a lot. but when they get back up again, they go up and down a
lot. that's going to be something we remember. thank you very much, jeff flock. where does this go? keith fitz-gerald, steve leeb, coming up with ways to be clever with uncle sam, never easy easing the revenue for uncle sam. steve, what do you think of the gas tax hike? >> it's terrible. the president came in handing over nearly a trillion dollars to nancy pelosi, do what you want and going out with a bang. he's slowing down the economy, raising inflation, when inflation is likely to come back anyway. if you look at the performance of the market, you've seen deere and caterpillar outperforming the averages, even rio outperforming, you're getting commodity inflation, raise taxes on oil, that has yet to go up.
at the same time, you're likely to slow down in an economy that's not growing very much. neil: he wants to spend on infrastructure roads and bridges. i've heard that song before, the money that is earmarked, horrible word, for just that has a way to go for other purposes. what do you think? >> look, this is classic big government equals small wallet scenario. rather than put the money in the hands of consumers, millions struggling for jobs and make ends meet going in the wrong direction, he says i'm going to take away the low gas prices from you, force you to pay more money because we as a government can't manage it. neil: of course, he's saying the new industries will offset a lot of that. burgeons field of great job prospects. you don't buy that? >> no, not for a minute. we've seen this before. when have you known a government to put in a tax and take it away later. if he puts it on low, is he
going to take it away high? no. never happens. neil: to your point, steve, the tax stays, right? >> yeah, i'm sorry. the time to have done this was when he came into office eight years ago, didn't spend money on infrastructure. don't wait until the economy is weakens and needs a boost. this doesn't make any sense at all. i think he's turned republican or something. i mean really. i think really for cruz and trump? i can't figure out a reason for this. neil: that is a lot. >> i can see no reason are in mindless policy, really. neil: guys, thank you both, very much. you didn't hear it from me but there is a big football game this weekend, and we've got
. neil: all right, we have video coming into the newsroom, this crane collapsed in lower manhattan. we'll keep the video out, it's fairly colorful here, this is when the crane collapsed in lower manhattan. a large building crane, you don't even need the banner, guys, so you get a better view of that. we can cue that up again, if possible. one person died in this, just had the sad misfortune of
sitting in his car, the crane fell on his car. died instantly. you never know. we were just saying during the break, you never know. that guy obviously got up this morning, think the odds of something like that happening and ending his life today. something like this you just don't see coming. such is life. weird, tragic. amazing more weren't hurt. more were not hurt. all right, to wall street and linkedin obviously turning off a lot of investors. nicole petallides on that at the nyse. nicole? >> reporter: turning off investors that's absolutely right. getting crushed today. linkedin is tanking down 42% at $109.94 this is on weak guidance, they are not expecting the growth they expected. hiring personnel and the analysts have been cutting the numbers on this one, so today
we're seeing it down 43% for the week also down more than 40%. this year, as of yesterday's close it was down about 15% for 2016. but if you tack in today's move, it's now down about 50%. and neil, this bad outlook, this guidance that's weaker than expected is dragging on all kinds of technology stocks such as facebook, amazon, netflix, google, alphabet, and so across the board it is shedding negative tone here across the board. it was the number one stock people are talking about. the stock was down $82 at $109.90. neil: you're amazing, nicole. you don't sleep. >> reporter: thank you. neil: on fbn-am, not just business and markets, but the whole enchilada, out the door and away you go. nicole, thank you very much. nicole petallides. the big dustup of hillary
clinton and bernie sanders is who is more progressive and the argument that clinton isn't, she gets a lot of cash from big investment banks and the like, and bernie sanders would not let go of that. wouldn't you know that is a key theme behind bernie sanders supporters, he doesn't take money from big banks and further more. 27 bucks at a time, which is why sanders keeps pounding it, which is why sanders is on "saturday night live" this weekend, which is why larry david, i'm suspecting, to be on "saturday night live" to trump the popular bernie sanders. sort this out. we will after this. you can't predict
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neil: all right. just a couple days away, super bowl l, or was we call it here, super bowl l. cheryl casone with special interview. cheryl? >> you know hoe he is, number 10, quarterback of thefy ants, eli manning joints me. so many questions. start with sunday. what do you tell your brother? i know you've seen him this
week, what do you tell him about how to deal with caroline -- carolina's defense. what advice do you give him. >> i didn't give him any advice. some of their personnel schemes what they like to do. they have a great gameplan and execute it and just do their jobs. reporter: what do you talk about getting into the mind set of a champion, yourself being two-time super bowl champion, two-time mvp, you're blushing. what is the mind-set of quarterback on sunday? >> he is champion also. he has right mind set. you can't win the game in the first quarter. you have to be patient. you have to just, you know, take your completions, try to get into early rythym. get the offense going a little bit, run the ball play action completions. got opportunity to hit some big ones go hit them. don't force anything. play the way he has been playing all year.
reporter: i know you two were talking this week. is this peyton's last season with nfl? >> you have to ask him. i do not know. i don't know what his future is ahead of him. he is focused on this game. that is the only thing. only thing going through his mind are checks he can make, calls he can make. different cities bark out at line of scrimmage to get the ball snapped. going out there to win the game. reporter: very good advice. way to dodge my question. terrence williams, chief marketing officer of nationwide. eli one of three candidates up for the walter peyton man of the year, very prestigious award. last year you brought us thomas davis live on air. then he won. are you trying to tell me that eli will be walter peyton man of the year. >> they're all winners in the community and difference they make in others they're all winners.
reporter: eli what an honor for you. >> i want to thank nationwide for sponsoring walter peyton man of the year. highlighting deeds players are doing in the community. donates tons of money, $350,000 for different charities for nominees of walter peyton man of the year. all the guys from each team. you know, i like terrence said, ben watson, anquan boldin, whoever they call out as winner tomorrow night, doesn't matter we're all winners. we're all doing things to help out community. helping out children. helping out people who are in need of help and raising awareness for different charities we're involved in. those, are those things are dear to me and, in my family and happy to help out. reporter: i have to ask you about your workout routine. i'm not kidding. what you're working out, you have your headphones on. neil cavuto, big adele fan, is "hello" on your playlists for the workout routine? are you a big adele fan. >> it is not.
i'm not music listener working out. i like total silence, quiet. i like to make it tough. i don't want to make the workout easy. i want to grind through it and i don't want motivation. i don't want to make it be zone out. i like to know exactly what i'm doing and make it hard. >> terrence, are you football guy. >> big football guy. >> have your dreams come true. have you go out for pass. eli will throw it to you. >> i will sprint. reporter: take a run for it, take a run for it, terrence. you guys ready? three, two, oh. nice job! nice job. >> plaxico burris catching game-winning touchdown, super bowl xlii. >> great pass as always. we appreciate everything you do in the community. thank you very much. reporter: eli manning, potentially the walter peyton man of the year. guys, back to you. neil: cheryl, thank you very much. it is interesting, doesn't
listen to any music when he works out. this workout theme with the president when he started out saying he works out. he doesn't work out with double cheeseburger. you find really weird things but most offensive to me, and i lovemaning, right, he is big deal, right? he doesn't listen to adele. apparently he doesn't even like adele. sorry, adele. i can't control everything here. but good-bye. ual getting carrie. ual getting carrie. more proactive selling. what do you think michal? i agree. let's get out there. let's meet these people.
>> it is time for fox business brief. just a different way looking at tech selloff, facebook, amazon, netflix, alphabet, a lot of people like to group these stocks together. we can because they are really getting in what is industrywide or sectorwide selloff. six, six, eight, almost 3% to the downside. one other thing the stocks had in common, they were big winners last year if you remember. investor were riding momentum. disappointing outlook from companies like this, linkedin, really amazing, down 43% today. and dragging down a lot of other tech related stocks with it. earlier in the show we talked about how social media stocks were down. you can see here from this basket of stocks, technology in general is just having a tough day today. we have issues certainly with the fed, wage growth and jobs
neil: okay. let's just say my staff is going to have a very difficult rest of the day. [laughter] oh the days when i was wild and single. there was no adele then. decades before adele was even born. i don't know -- manning interview, he didn't really care about having adele or even knew who i was. bottom line, all the candidates, get that off, guys. it is going to get ugly. i stayed within 100 pounds of that grad school weight. all right, it is interesting, all the candidates, you know, played music, played at their campaign events. some tweeted. we'll make a big deal, in the case of adele, she had a problem or people had a problem. she got back to us, you know what? for your campaigns and just, no. no. she wasn't casting aspersions on
any particular candidate but, better part of valor would be to stop. donald trump is only one who has not stopped. a lot of adele songs still play at his events. so, is that wrong? what does that mean? entertainment reporter here katrina zish on that. what do we make of this? >> we've seen candidates do this for decades. even in 1984 ronald reagan was using born in the the usa, bruce springsteen said no. you can't use it. this is going on forever. >> there was a long delay in reagan camp responding. >> even earlier during the campaign season trump was using dream on by aerosmith. he is republican supporter and he like, yeah, you can't do it. this comes down to issue of rights. eventually, if, a musician says please do not use it whether or not for political reasons or otherwise, as a candidate you have to respect them as artist and stop. neil: i get two views from lawyers. said it is not illegal. it is in public.
>> it is respect issue. these come out and say please do to the use it, some say i hate the guy. >> that happened a few times. with tweets going on with the band, i hate you, not to trump, other candidates don't say use my music. lawsuits in the past. jackson bowne sued john mccain for using, sent. neil: bruce springsteen liked chris christie but when he was running for governor he didn't like him using his songs. >> this is longstanding issue. if it isn't legal issue. neil: do they check with the entertainer, or bounce it off them? how does it go. >> i guess it is candidate. my guess with jump, i like this song. he is major adele fan. at msg concert. it is a tough ticket. neil: i was one row in front of him. hello.
enough about me. katrina, that is very interesting. thank you very much. >> thank you. neil: katrina szish, great entertainment reporter. great political strategist on things politics and media. talking julie roginsky. i'm talking, as you probably heard, julie, bernie sanders will be on "snl" this weekend. this back and forth on who gets what donations is going to come back and be a big issue. case you didn't see this, from the debate, last night, bernie and hillary going against who is the progressive and real money in the right denominations. take a look. >> one of the things we should do is not only talk the talk, but walk the walk. i am very proud to be the only candidate up here who does not have a super-pac, who is not raising huge sums of money. >> i think it is time to end the very artful smear that you and your campaign have been carrying out in recent weeks and let's
talk -- [booing] let's talk about the issues. neil: you know, julie, what i loved about that, sanders led the smearing, the audience was booing but he started it. what do you think of him, what he is doing and doing of battle back and forth over how much you raised and in what denominations you raised it in? is that program for hillary clinton. >> someone who practiced dark arts in my other life political consulting. i'm proud of what she did. she basically competed she is not the saint in this race. she already conceited she may not be the most trustworthy candidate according to democratic primary voters. she will not be most-beloved. to make herself seem sympathetic and trustworthy, she decided to drag him down with her. basically saying really? neil: what i love about you. you admire what would appear on surface to be not so wonderful
qualities but explain? >> well, i admire the political astuteness and acumen of her consultants or even her personally doing what she is doing. neil: i agree with you. face it head on and go at it. >> you know what, bernie sanders, all these young voters love you, you're beloved, everybody's grandpa and honestnd trustworthy. you're not being that honest around trusttrustworthy. you said you would not go negative and honest on me. people love that you're going negative. constantly digs in. neil: he is not implying things. he long said, he long said, i think going negative is in the eye of the beholder. >> that is what she is saying. neil: she is in hip pocket of banks and from all this gotten 20 some million dollars. i like she explained, that is the what they paid me. i do think it is nothing negative about the fact that he is consistently stated it. >> there is nothing negative except for the fact he keeps constantly saying i'm not going negative on you hillary. that is not what i do.
i'm not getting personal. he has in getting little digs in. neil: she is not when she gets the digs in back? >> she never pretented she anything she is in this case. never pretended she would be holier than thou. you have something to say to me, say it. you say i'm corrupt i took couple bucks from goldman sachs, say it. but instead of saying it you're dancing around the edges. neil: he is not dancing around it. >> he saying, i agree -- neil: he doesn't have a pac. he doesn't accept money from these big guys. she does. i don't know how much clearer he can be. >> except you're absolutely right. her point he is saying while at the same time saying i'm not going negative on you personally, hillary. that is not what i do. she is essentially saying you already doing that, call it for what it is, stop pretending you're the holier than thou guy. pretty artful way. she called him out on fact as you point it out he has been saying it all along pretending
there is halo on his head. better than. will not go negative. and about issues and personal attacks. and has been all along. he should be. trying to take down establishment candidate as he should have been done and has been doing. neil: do you think adele would support one of these candidates? >> i have really unpopular opinion you throw me off the show for. i hate adele. neil: whoa, whoa. >> nails, nails. neil: cut the feed. cut the feed. >> neil, it is nails on a chalk board. let me ask you a question. do you sit alone in dark room crying at night? is that why you like her, rocking back and forth. i won't be ignored. like fatal attraction turning light on and off. neil: i do. >> your music taste that is assuming what you do. neil: she got back to me. >> she did? what did she do? i will come down and hold you let you cry on my shoulder a little bit. i know. it's tough. neil: good-bye.
neil: all right, we have a selloff going on here. these are session lows, down 240 points. a lot of conflicting signals out of the jobs report president was bragging about. here is why some market guys are fearing it. up tick for average hourly earnings, good news for folks getting unexpected half a percent. bad for those that hope federal reserve doesn't stay pat and hikes rates. this is changing on a dime on a day as the case in these markets. who better to read them, get sense of them, ben stein. ben, what do you make of this sort of extreme back and forth
on this jobs report? >> extreme, excitement by traders they can move the market and get in the slip stream of other traders, make money on the downside. the news reported today was of trivial consequence either way. of trivial consequence in terms of inflation. of trivial consequence in terms of money, interest rates being raised by the fed. only consequence has to traders hoping people get excited moving it to the downside on some other day with the same data move to the upside. it is all traders fun and games. neil: you know that is exactly what i said one hour 52 minutes ago when we lead with it. >> god bless, you learned that from me over the years. it is all the traders. nothing to do with real life. i have a -- half a percent increase in the interest rate means nothing. tiny blip in the jobs means nothing. neil: exactly. that is why i ran your millard fillmore charts, neil, go back -- >> exactly. exactly.
millard knew it well. he handled it beautifully. i would too. neil: one thing president said, presidents will obviously pounce on data that looks good for them but he made interesting comment, i notice all these republicans paraphrasing here, ben, going back around forth in new hampshire talking down the economy. as if that is going to help. i'm thinking to myself, when he was senator obama, he was doing a lot of talking down the economy. that was premelt down. talking down the debt and how dangerously high it had risen, that was 7 trillion bucks ago. candidates will do what candidates do given a time in moment. got me think, how do republicans answer improving job picture, half unemployment report it was. you can talk about the quality of jobs, i understand that but he has that record he will throw back in their face to help either hillary or bernie out. what do you make of it? >> i make of it the fact he took the presidency after an
extremely sharp contraction on wall street and in very, very bad recession, naturally no matter what he did there would be some kind of improvement and paid for it adding what did you say, adding 7, $9 trillion in debt. overall i say mr. obama has not handled economy badly. he could have done a lot worse. he has not done a bad job handling economy. if they want to attack him for something, i don't think economy is main issue. the main issue is national security. he has not done that bad of a job on economy. i hope they don't quote me. i don't think he has done any particular crimes. neil: excuse me, ben. pr, put out a release. ben stein says he has done a great job on economy. back to ben. i want to get handle if you get the credit. obviously if you're the big guy you do. if you're the big guy you get the blame. jimmy carter realized in hard way, barack obama in nice way.
i had guest on saying neil, federal reserve keeping rates obscenely low, printing money. be that as it may, how do you step back and credit or blame here? >> tarp. making sure no further banks fail after they let lehman fail. letting lehman fail was the biggest financial disaster since the great depression, since 1931 when they let the bank of united states fail. neil: that happened under bush. >> that was 193 is i said. neil: lehman thing. >> that was catastrophic mistake. i called up a very, very important republican, very important one, i said do anything. don't let lehman fail. neil: hank paulson's idea. >> he, hank paulson was a disaster. i'm sure he is fine man of good character and intelligence but it was absolute disaster. worse move he could have possibly made. putting a dagger into the heart of the economy. it was devastating move. neil: hank paulson treasury secretary at time. real quick, democratic strategist hates adele.
i hate this democratic strategist, you're thoughts. >> she is genius. got a bit of a potty mouth but in terms of her singing ability unparalleled. neil: i thought you were talking about julie. talking about adele. thanks, buddy. go on what he said -- more after this. including latest on snowstorm in new hampshire. what's going on here. takes a look at that! oh, pat caddel, i think we have some cozy moments coming up. america's heroes have a message.
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. trish: you know, i'm glad you're not here during the breaks. let's just say we enjoy them. teddy bear commercials, don't we? donald trump said he might have to move an event that was scheduled for today. in fact, he will until monday to which jeb bush tweeted back at donald trump my 90-year-old mother made it out to campaign. oh, no, he didn't.
here we go. so he's telling that is jeb bush, hey, donald trump has problems with a little bit of snow. the war is on. now, is that going to affect me getting up there this weekend? no. i'm up there. take that, donald. trish, what do we have? . trish: neil, i'll be up there with you. we're going to have fun. thanks so much. we've got a big selloff on our way, everyone. up 221 right now on the dow, a lot of this ties to the jobs report, 150,000 jobs added, unemployment at 4.9%, however, wages aren't bundle, that's not great considering people expected upwards of 200,000. meanwhile the battle is intensifying on the left with hillary clinton and bernie sanders duking it out just four days ahead of the big first in the nation primary. >> and i just absolutely reject that, senator. and i really don't think these