Skip to main content

tv   Cavuto Coast to Coast  FOX Business  June 3, 2016 12:00pm-2:01pm EDT

12:00 pm
d e rrible, hoib, od, very bad jobs y. vy bad day. i was stryg be fuy. we wermang fny here. there you are. strt: for presidt obama, t jobs reporwas nogo. >> it wa awful stuartwe, 's friday. te is up, but cnell is here. connell: tha you vy ch strt w,oyenough to talk abo toy, it's an artll right. 'ralover jobs, of cour, but na tmps t there ying he'llakthecomy grt again. thosprotes tni vle again la nhtutn san jose i'm nnl she in for il cavuto,e veallout from t vlent protests at the trp llinalora. trump backers rrnd, me of them le bedg, there we fires set, bolethrown, and a woman hit with i raw eggs -- thawgg e was rnedth woman, and the eggs bnghrn her. e inton campaign hasom
12:01 pm
out d ndne you know, ese atcks, theserosts, buwh's behd e tas and what somsee now as a doubletandard inheayhe attacks are being lked about. l of that coming up. > t,ir, ere isallout d plenty oitrothjo po ts morning. employs onlydded 38,000 jo in t monthf may, theewt in more than five years. now, the gerendo s a vezostrike put dt at report, buttill it was a ugreport. it doesn'tccnt for almost half a mli ppl f ame, leanghe worforce. stil we have se moat yi the economic ndare at their backs, republins sayg iss storproof we're in the midst the wst recer we've seen in decas. l'sta with the washington'sxaner's [inaudle jos rht now. you know, sa i se you sadonald trump tweet this waa mbshel this job ds report, th'sow bad it s. you thinkt'a lical boshell? i do.
12:02 pm
d comes on the heelof poll thashows trump is leang clinton byen points in tms who voters trust to f t economy. and so ts t oitiv hia lot to lkbo a a lotoalabt in a wayhat on tmp knows h, reall rong lot of cricm demoats antheir b eaon overheast eight years an oming himself as, yokn, the busine lder and job creato it reall aually, pfect platform for him right nowo run away wh,ecausehijo po w certainly much worse aneople expeed and it exposed a l of th cracks in e gunt that th recory of the economy has really bn healy enin fa, has been very, ve slgi. coell: an argument psident ama's beenaking enn the la cpldays, the labor force participation ratet mo a8-ar low. iintereinin covering these jobseports as d ery month, sometimes ithe mome -like tay -- we s,
12:03 pm
bo ts number ihoib. and to youpot,e art mangrojections about what it ans politically, and tn a few weeks from then that pnt wee proven wng. foexample, t sckart esp icsotimes ppens. dawee ly down, s, on thdoby0-meing points. you would thk thhe report being this b, we'd be wn more than at. metimeit's hard to predict, anmae 'sot suca y- fothreblan b y se tthk thatt . >> i do,ecause the'sarts oft atre not going to chge and be feedy e ocmarket. and among the in are, as you mentned, l labor force particatn. 62%. also, ma, many people vi toake onarti work, 500,00people droing out of e rkorce. those thingsre felon daily sibyeople who are going to beotg nemr. and a loofim pple vote sed on how the world is affecting themt atoment, whether they belie ith
12:04 pm
adsh tmake thingbetter infoard. that'shy thinkhirely givetrump oornity to pa h be and win erew nso his platform despite ma oth ctisms people have about h. and i do tnkteaves decrs in a weak poti. it a gooloinnuer th'ralady pushing itan they were at 8% when obama ce in oice. at's indistable, but what do people feel? people vote with their heas, withhe gs,nd if people n't feel like e ony' recovering bause they veo rkwoobs, ty're not ttg parae, they can't get ck in e work force, at's wt think is gng to swing this electio nnell: andheean that the emoymentatgoes down is noa good rean. sun, thas. we me w to t fme reblan governors, thave mplete dfentie on how the prumive reblan nominee llethecomy backn ac first, we thinfrom t
12:05 pm
nevetrump wing of the rt would be the former new rs goveor chrti todd whitn toho wh in the stio welcom bway. >> good toe re. connell: sanasalngbo donald tmpriinin new supporters, w ns wh would he have to do - >>o,e n'convince me, because ere's so much more to it than at if you juslo at the jobs i and oftsf,hiis someone at has taken fr companie throh bankruptcy a ct t of people his jo. hahereatedob yes. but he's ao steople bs 'rtalking about real people long their ability to support emlv. he's been nefohaving brought illegal immigrants to work in so ohiples. sof you start to get behd the nuers, i agr. thk iss into be a ryood nueror him i think i-- becseeoe e ti -- if they don't ve jobs, it doe'tatter whathe stk market does. nnl:ig. >> tt'nowh they're
12:06 pm
neabit connel ts sounds like this is almost rsal to you. ulyan did, iue, me arou. he was skeical, and w he yse'nogoing to u t rd endorse, certaiy vote for nald tmp he came around, and u say u can' there's no way >>o. cae what i objecto is s method oappealing ver whh ueashing paio that you don't put back in the box. he's doninentireros op by ju their ethnic ckound. the way he ge ter th judge california becausth jue s xican heritage it's jus--has t the mperament wt. his prch to foreign licy, whh tke erybody esng, that's not what we ne ithe destabized world -- nnl:hether side, by e way,s et rough. d u see thospresters- >> oh, tnk that's exsae. frankly, iyoregainst nald trump, yore playing rit intoisands by doing at ers excuse fothat en if you s tmp tacitly coaged iat his early
12:07 pm
rallies. that dsn make it right to at been happening, a the police have t intervene on. connl:ig. the clintocampaign skeut against it, believe jo postpuout sothg rlr social media. whatoes soonli you do? yore a republican, you're inin tsupport -- >> i call se aeisenhower repuic. nnell: is atnef ose thpay ft me? >> really 'shanged gat al. coell: so where e you w? >> for novbe r is priryi'stl gog to vote. ty ke donald um fe. vote for h. at's what u shou do. ifou don't le m ou, dot stay away fr the pls because it'sn oppounity to t e leadersh a t ndatkn y'rnowi him -- coel syoara new rs resident, right? >> oh, yes. connell: you'll vote on esy n jse dona tmp is e espte nominee >> yes, but i'gog vote for, i'll vo f kash. nnl: oka he othballot.
12:08 pm
>>o cruz. connell: what ll you do novemb? >> i can in. don't wantour more yrs of amadministraon. whher hiary clto-- coell: who would youri i >> i wld, agn,robly write inasich cause i wa someonwhs leastee exposetohe pross- coell: you wldt support a thd rtpeon w kws it den on who that third- nnell: like ga jnson is a libertarn. that'sotp urlley. >> no. i know gar a we were gornors togeerani woul veo see hs changed his poti osome thing connell: right. buth a bill kristo candidate -- >> it's testing. 's really too earlto dece th, t e interesting thin aboumae supporting a third party caidate, and evebo sa tt ke--t depends whh de you're on, it's ki ay from youside. but actuly if thd candide would ta eugh electoravotes that noby uld o, -27 igo
12:09 pm
to the house. connel oy. we, w you'd vote for trp. no. coel zero chance. no. nnl:hrtie todd whitman. the otr veor joining us daisheormer goveor of rgia, also a forr presential candida, m gilme. dbtovnogior lieng gerr itman fothla few mutes. she's ner trump. as s jt id there. and yoarpro-trump, rig? what'd you me tt? well, it's a tter of trying dw e party toth cae wt unifies us, whh is trying to chae e directn t enomy is th e whichs at the amican people ablulyan don't have to rty everything donaltrp esn der toecni t real enemy ofeoe is ailry clinn presidency. shis thenehos really the dangeroucaidate re e's the one unr e secrety ste position that h sn e ergence of china and russia a t dge omran and the daerf
12:10 pm
rth korea and e se of teorism and has neotng about it, e dang o benghazi. in addition toha iook the posionver a year ago that hiarcltowas disqualifi omhe psidey toth. becae e has enectary stendti managed and opated thislionoundatn which drew mon from eras anthen elimited hee-il soe couldn'track ect wh w gngn. e erican people e not ever gointo be ableo t eir usin theresidey hillarclton becomes presidt,ndhas where 'vgotoeeour eyon the ball. i disaeeith gorn whitman, who iik connell: right >> the ft is, the alanr tohis country is a clinton pridency. nnell: okay. yoseit as an a or b chce itemdse of what mbsh mccoelsa wn he was -- mitch mcconnellaiwh h wain here thotr y. , like you, choosetrp er inton. let me ask y abouthecomy a lileit, beusth's the
12:11 pm
topic ofhe day. thjobs rorwas a ut rerton 300jobs added. trp yst'a mbshell, you owmeaning politilly this, i es changes t ge d really gives himn argunt what shoul--hahave you se fm ump soar that convinces you that he has the righaner what has he saidhat you li on the economy thayou say, ye, he can get thinggog whe it's not rig now. >> well, fir of al hs vislbe a businessman he's dealt wh name, d 'sealt wh pil. t m t ing to sit her and become a mthecfor any caidate and espeal n doldrump. t at i am going tl u isouai- is thits e moatic pty pgr that haleuso is slow economy. i'gog to ask your views, what do you wa? re of e same in more young pele livg basements ref yourobbeg insere more othe daere're sin a8,0 b eaons a desting nuer.
12:12 pm
anbyhe way, thlast tee quartershe economy hasot grown in anyignificantay ife're gngo rnhis country arndwe're going to have to go with w adsh ansomeone whatea i speaki in a civeay about the ne f cng nnl:utouon't say ytng from trump y on tes oany of the, u ow any mber of ecom iue which wouladd to growth in the ecomthat you say, ah, i'm for that. rlldo sndo a let,ouhanged the subct right from t beginning of e question thayou're tilionnonessil prtrump. >> i am awbtlionecse that is e choice we'veee given. wainhis process, conne. ran for pridt. i lk tough the snowsf nehampshire. is process has yieed us lly inn and donald trump. thats the oi that he me,ndeal leerip anthat the rubcaparty has toatr togeer and i am n patie wh these people arounthparty o e breaking theseledges, an eye ying in thcase of so of the candides whoan and e people w s wre
12:13 pm
ner trum iishe reblan par that has , at is point, offeth leerip. we're e ly chance chang e onomy movi ainountrynd connl:ll right. vernorilpos od to see you. anyo--ilre, thank you for ming otoy. >>hank you, connl. nnl:woeplican governor different vie o thr mie. govern whitman mtiedew jersey wl be vintuda ght, cifnia's e big one, gh ju 7th. we'lcor it all startg 7 p.m. ete time on the fox siss network unt, ll, whev. eneralifora aps up whever erything wraps . that tsday night >>thjobs repor all signinth the fed aleast r w will holofoniking terest rat. forget autll those coersations we we havi rly inheeek. th seems to be off the tle t it something atould actually ht puicans? seems counriuive. wee into talabt lateonbune, we're gog to talk abouweakne eos. the po tt uld sial trble atheorr. that's next. ♪
12:14 pm
12:15 pm
12:16 pm
12:17 pm
♪ ♪ coel sthere is this repo inheew york po aut twitteanyao! the posts repoing twte d ho he started lking about a possle mger, and the rertshat marissmar t omah! thome twte exutes a few weeksing a, b one --eeks a, t e ur idack doey, head of twitter,idn't showp. maybe a poib mger, we're gog tki more about it congp. > ghnow, more trouble e rd. the wainonim has a po about sggngetwork guinilgal iigntfrom terror hotbeds tand ov t u. bder. per brooks says thiss proo
12:18 pm
r emies rtnlkn tt boer is ite vulnerle right,et? >>ea viousl ithrert is true, it'ser vy oubling. thid that op c css the eranorder, the sohe border or evethe cadi border angein the united states and pontiall peetrateerrist acts is, visl vy troubling an sothg at congresrely needtoignt connl: well, nber one, some is chlogy-based, and we'lta about this in a send, who's on a database, w isn' w an'weblto trk ese pele better. bukind of from the pure giical point of ew obviousl ithcampaign donald tru gs out every day d yse ould build wl, build a wall. es sryike this, u knowfuheth aument? what do yothk? >>ell, tt'a litica qution. i'm a nation surity pert. but, you kw,y ncn is that t bdeprection fol veecology thathene, drones,ameras, sensor ate go, u ow, enrc e w, themmraonaws
12:19 pm
th a aea oth books to diorngllegalmmigration analso international coopation. but i wod sooi out sis this conrnhayo could have terrists comi acro the bde mt of o terrorist pls aac since 9/ -- i thinth'sbout 74 or 7ouof abo0 -- have been homgrown. t -- coell: definitely a fair and good pnt. not babor that too much, but i kn, as you say, 's potil question. but i to beair toru's arment at let,ou be a tial secitqution. in other wdshe wou be yi wre more secu nation with isetr, physic wl,ndou're saying that's n nesrily the issue, it soun le. >> well, you know, hev y do it, whether it'a ll, whetr it'srones, technology, betterntnaon cpetion enfointhla, e issuis my sses from a niol curity standpot isould be w tt rrist organitis y to get into e it ste t i don't wanteoe just to focus onhat.
12:20 pm
i nthem to lethekn that a lotf these that wve se sfar sie 9/11 hav acally been homero. so radicalizatn over the internet, reuing oveth internet. t 're definitelyn the crosshai othese rrorist organizations. connel no, you'rabluly rit ouall ofhaor peter, tnk tebrooks the witus fro d.c. w,e know about pteer hereweertalking about em earlr,utow about ts story in vezuela? we have people- mef e protesters, some of the peop upset with the trie vey in t cntry in venezua it'susgeinwoe, if ything. chaoinaracas and other plac ivezuela is intensyi. we'll talk aboutow impta th icomingp xt ♪ ♪
12:21 pm
12:22 pm
12:23 pm
♪ connell: wl, it al i aoin caracas there are new repos mi out of venezuela where you have resints liray yi out for food. the veeejournasts
12:24 pm
bbed, there's an oil csis, a porty crisis there. socialist uny ats really, really feeli it. veryve dfilt situation. n tcllroca institute is witus you ow, it is sty out oil a little bit, which weov f bins lo a then just maybe is a referenm socialism in ger? ithat going tooar >> ihink iis rerduon cialism, otoe re accurate, atm. because ciistechnillis government ownership othe anofroction, andot enrance is sialist by that finition. but here's the w to think about , cae ere's a very imrtt sson here. y he lileit of statism, like sathuned at, enouethis like the disappointg bseport this morning. you he a go bit o stism like france orreece, you have complel sgnt, moribu eno. buif youave total atm likeenue, enou get onomicolps anthe moral t sry is y ulwe want in americao
12:25 pm
goown that direction that bernie sders a, for at maer, hillary cltois inng of morendore gornment conolngorand more things? itust doesn'wo. e worls a laborary. coel rht. t bnie sanderdecric socialismanobe the exact sa brand, but thid of more veme iolveme, u' sangis notheimfo that. deto. i think the her pa oit is it aite t outhis th's worryininer oif yo enomy is so depde on, y,ilndouooatha haened ivenezuela,o start to worry abo other countriewhe e peency on oil to, you kw, wheer it russia orth iortant cotrs,he if th dependency is so hh d 's justbout o, l audn in are n going the wayou wa them g a it's a dister. yh. thers someininhe economicevopmentitate call aesrccurse icis that if you re osome mor natural resource, th politicis n'feel they have to makthe rest of their econy funconell. coell: rht >>ndhewh y get in that
12:26 pm
situation li venezla, you collap. w,hishould worry us not lyecsee don't want the peleo suffer, but what ppens if russicoapses? it has nlear weapons. what hapnsf saudi aria ea dn and dil ismists t ntl of that couny? but let's epacfor a seco. noays ryepde ooil. th'rnosuering a coapse. connell:o u're sinit back tthe statism. >> yeah. nortdatayeah, sure, their economs t ingangbuster ket s a couple of year ag rlly is statismstis atm pson for an onomy. connell:ig. u' s utobsb at at's a good pot,ea herwise, you're rit. noh kota was, it w really boindung that, with the shale l d erything else, but 's notikit just fe ofthfa of thearth. u're rightbo tt. n tcll with us froca. and this ph,peing of soalm and bernie sde, th push for eeolge, beieanders tal abouthis all the ti. th seems to be heati up, and
12:27 pm
he not the only one lking out it. but isheamage from tha converti de rey? what sdents are inasd to brg sool atnechl. yomanot beevth, it's stilahd. don't ay. ♪ ♪ [vettwo yearlyhysicals dn.martho go.
12:28 pm
12:29 pm
12:30 pm
here's youinice, ladie dn.martho go. a few stops late a ilos likeigll is on the mend. itig not seem that glamous having an old ck truck for an oic..r fillg uraylooking down theouth e oa if, look at th, hamyese a fillg urmoh er.ay. anearned a shiny newofcepgde i run quickbook th'sow i own i ♪ ♪ connl: breing news on a bs iday from a fera reser goveorvongember, shes, of theomc, and s ss today's b withreport shows
12:31 pm
owing in the lorart and sa mixed dataresor waing on a rate ke so that's what we've bee tainabt yway, thathe ideaou be thferal reserve would ls kely t w raise ras in tea term. we'rdo tpldits on the dow earlier but haveomba, and vering arod , -pnt clines, down 4athe momt. th iconsistentn rms of her erall tlk s been quite vi. ren that to come. now, therere queions over coeges and pticularly those in citie first ladyichelloba toda livering aomncent drs as what is the rgt awh is the largest urn blic universit in theountry, it's aolge th's beehibyte budget coistents. erwas a report of overcrowded classesanbeev ono studes ving t ing their own il pern. ez. liz c nald oth a, u
12:32 pm
know, a taste of what free llege ok le? start y have, e. mac >>el t cicisirtual l tuition is vtuly nil, cu, tynirsy of n rk. basicall tre's cta divisions, like the engineerin ho, they could lose their accredation. so ith hpewhen you have a lle stem that is virtually free? the ba sryadnirative bloa a lot ofdmisats in the system. inact, gerr omo, one of his top aides sent lette yi the 5topa u., exsee,ew york state rks,5 tm e at cuny -- nnl:olge administrats. and ith t 5there were former cunwoerinuding e rm chanclowhstl is getting half a millioa year
12:33 pm
en though he dsn work at anymore. this is th issue. rl aboufacat paents d.c., gouging middle clas fali with tuition hikes. ye stes arcuttinba on spenngn lleges, we get at t ere isheuionoing foar re faculty u're gngo find a lot of assttsa lot adnirative sta ia t escolleg acrosth country. connell: oka gaanand kat arwi uas we wh m. i ould be clear t veo indicate iaid miel oma lleler, she dideve th commencemt addrs is morning. as brought to us by rn sands igal, the idea th we can have free lle. yeah. and i thk the issue here i whe are our ioti. doe en you know,he100 billiothat wre current spdi onueasuarines certaiy owing isis is t going be going tenuea
12:34 pm
bmarin with a driver and anon bom dweuthe money in th direction educating ourork foe for e tu? ife ok at e suhere of nythissue is a lacof funding. i thk 's priitissue -- also how tt ne and gis back to yo l, on ts in a co, w atoney is bein spt. th's what pelere debating. once youakthe decision to spenitn college, howo u lotet? w do y sndt? aryoefficient, you kno >> rht ers no incenveo be efficienwi fe money, and al -free money and al wn in become free orheap, the dema increases ansoris go uin other ways like the scho, nothing preventst, ratr,ro chgi me fees or parently hina brinyour-o tlepaper. beeay ce if it w a simp a oy,nstead of
12:35 pm
moy submane l'sut itoward ucatio b it's just n tt p ising. >>- mp. >>ndoat point, single git cu. theye seenheir salaries up5% since 29 cy. lemelarify whai s ying earlier. thto50igstaid ste works n york state are at cuny and suny. there is aotf ney -- nnell:hadoou thi of that, gaand? just thast ipaicular est em to pass a smell test that ei y know,e're having same convertion wle at's happengyokn? rht here'she other part,oowe have to coarthat twhat are op making at universitie toy? do we havenearticur unertyhere we papeople so littlth we're not ablto put an adeatstf geer. the prices oevything, th pre of everyinisoi up, t e realy they st mo 2 of their ndg, and i thinwh wre talking about re is iuef duced fuing.
12:36 pm
that's what yore going tse connel is it more than that, z? iis- 'sig. that ithe ste spending er cutbacks at cles. t,ouno it's e lles themselv. mean, ey woron tax-exempted, nonpfit model, and they gouge mdlclass families routily othat model whe eye x-em, d eyayheels exorta, t t adic pay x. they're buildi out cle campuses like white ephant projects college blinli eensive footlltaum you know, fay stra-sle ferias. weust need treinth businessod othunerty syst. connell: a little f the suec but in most stes it uld behe collegeootball acorasketbl coach ishe highest paid statempye weusdot have those types ofolges here in new yo li t university oficgan, say, or other places wherehe make aewilon bucks, and nobody elsisakg . t,hashoulde our als we look at tseublic
12:37 pm
coeg, ate colleges? arweryg make themree? wh sulwee yi tdo >>hat's impoib. d t goverent's gotten mo iolved in more an higher amountsf ans, is ju gotten more expenve, and it keepsoing up and upndp, anthe's noncti f t scho trodenything ffent. noins intohange. it a autnctive. you knowitounds ce to y ju ge re money for me stuf but tre ncontrol ov h they end it, no incentive tope ionid enheon. coell: kat,arland, e. mac an. the ti-trump ptes al did turn viole out i cafornia last nit. the qution is, aot of people ki ts is morning would the more tre tse violent prottserprtrp? congp.
12:38 pm
novative sice chnology wi up to7% more bsh movents novative sice chnology versus orab. t aliegums in 2 ekguanteed. more bsh movents novative sice chnology invation andou. phips sonicare. vehen you buou. thmost loved recharab tthbrush braninmeca. it dea crco,to be we can see all the bacri atti exists. pode's unique micrclean rma killing .99% of odor using ctia r clner, fresher, killing .99% of odor using ctia ighter denture every d.
12:39 pm
♪ ♪ i nicol petallide stocks o t lows t d, d en dowabout 0 a aker tn expectedonthly jobsept,eay spood the market. ghnothdoisown 45, e p 500 down 9, d e sdaq down 5.
12:40 pm
financials are vy inre-re nsitive, and with a poor bs rept,he idea is that t f won'tik teanytime so, d 're senghe bank stocksp. rade, ars schw, tigrouall down about%. he are more naia uer presre, this athba iex athlowest since februy th wee okg cizens nanciadown 3%, rents ao the dnside aut 3%. watcfobusine tig, ll street week, a looathe econy,redeiaelection ana ll for changes. nit at 8 p.mwi scaramucci ♪ ♪
12:41 pm
12:42 pm
nnl: back on cavo ast to cot,nd charlie gaspari's hereo lk about sumner reto. hidoors sa m rste s legal mealapacity to ke decisions, tt'th last in this absutso opera drama. >> and the soaopera drama is really twn m d s ugerhoe's now frnd with ain. eyava loving ratnsp once aga. they'd been t outs f d onorheas25 yea, d ilpeauman, his longte rit handho's now -- who's e o vcom -- connell: one othtwo compans. one of thtwo coanies he ownshrghational amusement, s and acom. uman is on theutwith shry shari retone, s daugerwho's closwith the old man.
12:43 pm
she nthiou connell: right. dmasa, , you' nilating youfather. the fath tk m f a trt -- connell:ea that'thise. dauman haso kehe- >> they took him off the tst toeme m eo of the compan jistar t gat journalist, wrote a really ne piece in "e new yorkim" abouth. i wa to gi him cdifo th. he hit it rit t hd. eit nt ago dauman sa enumr was signing his paycheck, remb h caretaker who got fired? she said sheasnpairly fired anth -- unfairly fednd that sumr est ve the nt capacity to fire r. nnl:ow this doctoray-- >> no. dauman sai no, y're wrong, heoes have the menta capaci. w 'srguing the oppit anit's aarcase for h to ma. anhilaeraralad
12:44 pm
gug atli, ay, wh and eht months? wt omyou know -- coel he was fi, ah >> -- ne to blitri iot in eig mth connl:f urse. might be your financial intest makehim lo bad, yeah >> it' goingo a ineasingly hd, i tnk, case r uman to make. sothg'gog happethis weekend, g the feeling. those excerp you g we just excerpts from thcot case, thteimony the dto 'raprelyoi tget e full transcrt latetoy, so we ou always put this in ntt. nnell:air engh anothestory is t jobs po. we g ts report ts morning, 38,000obs added,e out the'be60 some. ok, rin est really ma ufoitittill would aad rept even without at strike. >>ndotnly th, vions lor connl: theth mth rit. so trumpilbell over th. he's alrdyaid this is a bombshl,ives him a arment. >> and i thi ido.
12:45 pm
itives h aargument beyond the stupid -- nostidbu the surfia-- aute crkehiary stuff,ight? connell: yea >>embe o of th headlineis.7unemployme, right? atounds pretty l. but all yohave to dos scratch st little, and you se-- nnell: right. threonort,t'the wrg as. >>ndhe jobreiois alst nil. almost nil ia oday to to puit wod y isbefore the election started i spo with a very prominent democratic fundraiser, lltreet guy, o'very closeith hiary clto he basical sd poinblank onof the things e's woie abou aig thing, is a ceio cause onomic cycs st veyes so. we are now gting edence block by bckhaif we're not -- we y hit ressn. connell: saw a few walstreet nos leastention it as a possily. >>ea ty're out there and it'sntesting, ongu dougass, w mtiedas a possibility, he's bti decrat.
12:46 pm
he's not trying cerp stuff. you kn, block by blo wre ttg evidce that th ecoms in real bad shape. h lousy g, h unrpformance of job crtion inheast reportanno is coel rht. >>o m llg u,he's - it looks likth donald trp, if he wants d 'sp him, haa ryubstantive casto ma ain a third oma term whicmes r -- connell: yeah. thw se detas. >> because ts is t obama econy. anby theay, his apoval rating is %. guess what? the economsttslipping -- connl: right. beusshthinks he' ban asset, he manobeepding t ting of the whole thing. that said, the oer thi i nt ttalk about werthese otestsasnit. atasglin california. onof the this sd that peleave brghups at, sure, it's gettingttti. wee lkg ouitit's getting atntion,utay n asucasf we the other waaround, li ithis w a
12:47 pm
bunch of tru pplatyou know, a cltoray. >>el i mea listen, there e some nas pple th are, thatupportond and t the rallies, butowre near thvolumef is nnl: and not as violent. >> thiisike, i telling u,f you lookt those picturesnd somof theiong inenuela, there's not at chifferee. d u've g t a t poli, y en't they stopping is whar't thejust pulli u th vans and handcuffing ppl and ronghem inhere? connell: that rt of it is, i depes t micipality you're in. the locapoce departmtsi thk, are afraid lsus, fit amendmenlaui -- >> some guy's puncngomebody? connel i'm not spoin i sath do std back. you uldn't seet hereat least in my experien y wodn s iin new yorthat y. this is a camigcommeral fodonald tru rhtow, mecan nags bng wav - fls inwad, violent
12:48 pm
prests again people whare nobeing olt. this is why might win. nnl:ell, john podesta me out on one of ci mia twitte febk,hatever it is, and condemned it. to youpoint,hidon't help. ihurts emigme remb there was a propositn, i thinkt s , it w dyi befits to legal miants i cafoia. th was bk ely990s wh y were 3 years d -- coell: right sure. >> in any en it was ve cororsl and t tay pur in californi tithe s iignt there s some sort of a pte whe the protesters were waving xican fla. public opinion turned on a de on tha a the proposition passed nnl:el we'veeethat aumber t o i was at wane the s fncco airport, a they all show -- a lot of them were imgrion-reteprotesrs, d a lot of thehad mican flags. >> think thamas nald's seasuch as i don't lik
12:49 pm
thacraness a the -- crsness and at tes the xenophobic nate it, tt does make s caseitpele thatou n be attracted that. connl: whai d notice, ough, it wasn't the people that were turning violt. the otts are strange in th ty seemo inltte it's not likit's one gup inalthsa thing as e seay be. u get these presrshoo to every protest, anth srt trouble. >> yeah. think isesves more examination. i meer backing in the 90s in new yorci aop busted or ght have shot a dr dealer connell: right. tre werpres up in washinoneits atir it wasn't kno wth w a drug dealerbuthe protestsere fomented by agitators,arofheoc chapter of the comnist party coel rht infiltte getting iwith other op. >> pfeional agitators ofhe left tt to these in a attack a foment vien,nd it, and it's allbo,
12:50 pm
list, u owthe media shlde al wried. ifhey're woredbo dal ening his mout tre's no grteattack on the rst amendment than in. nnell:. y c'to to a politic ray cause meuy gng to punch y ithfa. this is worse a page 1to i "theew york tis." worth a pe story. these ofsionalrocaur th gando thistuff. coel tnkou, chlie. gog talk abouub ia monttang aim at washington ying it can save t govement money by doin bune tether. ub a the government. tails on that and ren trump anevything elsthat's going oncomingp. ♪ ♪
12:51 pm
ifoue taking ltiple medatns does your u? a dry mouth n be aideffect ofanmedication buitanlso lead to tooth decay and d ea. your u? aat's w there bte,ideffect ofanmedication avaanitel keep yourrse medication is doing you odb, wr a y mouth isn't. biotene, r op who suffer a y mfrom d mouth.iotene,
12:52 pm
12:53 pm
12:54 pm
♪ connl:o a massive sechs unrw today in fort hoo uroldiers missing. those deadly tex flood the trucoverturned yesterd inhawere fast-movi waters. fi othr fellow sdis were killed. now,ea rns are expected to coin a dnch parts of texas today. the pictures o othere stil main remarkable. e adha been sh out my eas, hes just washed ay atea s pple separate om what we were taing abt died in e oo last week in thenal and southeast texas. so wll keep youpted. > w, we ide'ta aut uber the mpany wants $7 2 miiofederaemployees u wi i svice instead of regular d bs ey said itilsa the government money, wha blakburman looking intthis, anheoins us now from d. do wkn bth wouldin ct, blake,ave the government mone >> reporter:ea that's ally the b qstn here, coell. i asked er abo tt, and
12:55 pm
they really didn't have an sw. thinabt it, eryou arin new york rightow the price of ur probably just abt the me as e ice of c. he in d., thou, ers significant ffen at let when you're taing abt e ub x, thba melth stda car. so wt a couple conesen nted to look into was whether orotedalmpyees a across theountry, a uple millioofhe cld actually ke ubers as a rt of their departmentoly and,hus, tentially saveoney f the federal gornnt it's conessman darllss threblican, and er swalwell, e mocrat bo o them, coincidentay no fm lifornia wchber, of course,s based out ofan fransco. they st a lettervetohe generaseic administrio asking to clarifthis, what extlis, indeed, thpocy. and they st ck lette ying, s, federalmployees can takebe. wer,here was a lite am by ambiity wi that tt.
12:56 pm
i'm quotg re: each anc determin a mages the fal auoration d pralf travel expensebad its missn and inteal policie and controls. ty think there'a ttle biguity in the sce it's ki oanach departntype thg. sorom here on ou is something eytill have ok into, connell. connell: thank you, blake. its testg. lot of companies talk out it as wel bckars versusbe in this se, in ourity, yell cs. >>fallout, meantime, from the jobseport t b sry todaand what the fed mhto to that. we'll talk about ialcong up"cavuto coast to coast ". ♪. ♪ ony ng-term control mecine. in my thma tatnt with breo. on-dly breo prevents ahma syto. thsthma not well controlled a long-term asthma control medicine, liken haled cortosro. eoon repla a resea control mediinhaler fosuen breathi pbls.
12:57 pm
breo opens up aiay to help improve brthing r a full 2hours. eo contains a type of medicine that increases theisk of death from ahmproblems and y crease the risk of hospitalizationn that increases theisk of death children and alescents. br inofor pele whose th is we contrle children and on a ents. long-term asth ctr meci, onceouasmas well contlled, can stop breo and prescre different asthma contr mecine, like an inhaled corticosteid do not take breoore thantr meprcred e your doctor like an inhaled coyour asthma esotmprove oretwoe. k your doctor 2hour eo could be a msi piece orefor you. s iyou're eligible fo could be a msi piece mthfree at mybreo.com
12:58 pm
. . . .
12:59 pm
connel this hourn avo:oast to cot," ishe cory toast? that is one the questnss we look at the falloutroth jobs report. i'm nnellcsnen r il. record numr of amerinsot
1:00 pm
inheab forcehias jus ,0 js weredd last mont t fewest in more than ve yea t was reay a rough report as we've en talng about. weolyou how earlier, one o the fed governors, has be aring to wai wait on rate hikes d what doeall th mean? 'lta about it moreomg up. rsa ve rept from the ate ofalornia which is ally the center of thection. hillarcltohas started to go after donald trump and d aggressively yesrday and tse anti-trump protests turn quite vieninhe sta. rort gray joins us. ats the latest, rert? reporter: veral ndd people starting tcht r hillary. she is not due outor another ha ahour. shhas been goingn the ofnse ainst dona trump bernieanrss t on her hes, cutting into thlead ren golden state. "the l. time says on eligible verbeie sanders has a slhtea though amo lely voters hiary clinton still ahead.
1:01 pm
th tightened up towo point. nds,ilry saying trump was unfit toead, too hothde cli into queson hiability to be commanr--cef trump not once to mince rds, not ldg back, firing back at inton,alng the speech pathetic and quotesad to tch. as y mentioned there was vience after the rally. trp prosts taing trump suorters, egnghe stealing hats. settinso oth ofire. punching folks in the crd. banging on cars. police took four peoplat least in custo. no word on irjustrs or property dame om the mee beieanrs is in the bay area. trumin redding, california. he has thr other campaign sts ar, connell. she will bin the oc. th hdi tsan beardino lar today.
1:02 pm
clearly ramping thgsp,hi s tten a lotigern california than inton pected why e turn h aenon to doldrump. bern sanders not sppg, in fact, he took t a million dollars buy on it. v recently. so he is still spendg a, still out campaigning isou comeown tohe wir folks reelngs theye exteth ciforniisn play for clank, connell. connell: let me ask you, robt, tainabt e protest you were talking about lasnit, we showed vio while you we talking. theyreiont protests. you're waitingorillary clinton toomout. have you heard fm her at all specifically in ard of her reacon >> not heard fm her but her campgnaner, tweeting o athere is no room fothis the cpaign of any candide. weave not heard omer we'lhe ithe any reference. probably not gng to pp o e umspch 'll see what s has to say out itf anything if we get a chance would le ask her. wel it to see how at unfolds.
1:03 pm
coel gd luck witth. is 18da sce the las hiary clinton press nference. robert gy waitg r clinton inalifornia. about the trump otesters, an-tmp protesters violence saw lt nigh ithis was pro-trumgroup, we were talking a littleititcharlie spin wld there be more outre we flped scriptn . gina laden is here goes to e int, whether there isso ppl suggested double standas e way people a lookedt what do you in >> 100% there is doletaar nny thing, everyone expect th othat side. that is expeedehioof that side. there is, t lyesouag r ame, the mainstream medi but there is less outrage even amongst nservatives because we expect them to actike this beusthat ihow their de ts is is testg.
1:04 pm
while hillariso busy trying to lab donald trump as dangerous, i think it s become reallyvinto e american puic thathon w are the most dangero are t ones who are trngo lence trump and suprters. coel you sd eec is maybe wero ud to iov la f months this i diert. bk to 1968 d moatic nventi pplreferenced. tmsf cent political history there setng ffenabt thisea i dot owf ijust because tmpr just becse how angry people are abo oer su. this is methindierent. that was differe lt ght that was quite viole lt ght. you know he? >> tnkhat is right. thk that hillary essentially call for it in herpeh sterday th walhed here in califni i thinshhatoither be held accountable for that admishe is comicit in this t meanwhili think go, rationalmoraly-mind libels are going to be flocki tdonaldru's
1:05 pm
mpaign more than about 0 lln worth of advertising coulbrg . connell: i'm not sure, at same ti wsamany timeshen, things getutf hand at a trp lldoesn't necessarily need to be blamed for that, the sa should beruofth side, right? not nessily blaming mrs. clinton forhat is going on, sangueion whether she would comeut and publicl condn it. spesrson, campaignanager had but hasn'tomout heel to conmnt. wouldn be the same as blaming her. >> i would go one stepurer. i would sashinit ced thi connell:hi word t speech >> she talked ouhow sically ouenreationa curityas at skf donald umis preside of thunited stes, how he shouldn have hihand othe nuear button, so to spk,owe was ngerous. shlod use those words a crte this whe image ofcary rs when the one that is ary is her and the estaisent.
1:06 pm
lo aherecord, and many of he, there is a t of debris in our dust. nnell: my only poi, if we're gointoay on her side donald trump should come out -- it is free speecthg. if donald trump casay whatever he wants and hilrylion say whatever she wan, eye the candidates. by what they s, to take the next step and say that is sohow incites people, almost giving you aexsedo you know what i mean, almost giving excuse for the violence, almost justifying in a weird way, i think it is? >> i understand you and ur point is tenut i woulday that the things that donald trump arwaing about what the establishmt does in general and at policy can do to average american andt all true and wknow it. coell: right. >> wt e id was that hes dangerous, that he is a reat, th sinnuhes america in horblways, u know, alstlling to meinna e th sin cin
1:07 pm
i see tt y. i ink mentalrossf the eran pubc re, ank yo ga laden i afornash. wel check with robergr i there y wsn the event. jobs report, t nbers were t hot with the numbers that camen rlier dabuth does not mn vote will nessilbeushing to republics. colle publican alex it has message tother republan young voters do not think the gop nessily ha the answers. we hava llnial get-geer here abt,les point, i guess don'take th fogrted, some peop sd rlr,obrert horribl lay-upor republicans, yoca ke the argument, you don't i is the argumenistiinso fainhis caaign wh un people i don't tnko r. in our new repor wfod good newsnd bad new ung people tru democrats
1:08 pm
more on the economy ghno the good news th they re th ourrincips. when we asd,hod washgt be invved in further regulati and ptein nseror should aowor cal consums engagin bottom-up ow top u econy r erne, bottomp ow won b two to one rg. they believe with r principles. but don't connt emitus. nnell: that is mesging prrammin we've saia long me jeica, why do young peop entifyitdecrs. cynical view ibecause demoator bernie sanders and peopleike that come out d ome them all kinds ofr stuff and that is y they identify. is that truer at do you ink? >> i thi tres someege ofanri when mee ll you we'lpafoyo education and heal ce ll be free when that is n fsie. understandhat isanring. the sethingor yng peopleillenials in democrats eang to em not above them we understand you' miredn student bt.
1:09 pm
we underand health care cos areising. we uerstanits rd to get a job, wag are stagnt d trngo vive the american ea 50% t millenialdon't believe it. crucially i out the po was so fasnating but wanto lkbout social ises. 75beevin gay mar a 6 pot legalizaonnd0%an mpheivimgrio reform ats erthe goisotally ouof step with my geration, t of my generation. coel what do y think chstie? >> i have agree withessica 61% of mlenials wa bette ecomfoeveryone. that ithkepoint in the phrase which is rn sande, why he igettinso much pport from the millenials. they thi he wi rse everyone up. eyon realize h policies will dg eryone down. coell: all right sof at is uer,ounow, i ess weou datthat all y nguts aesging issue? that is ere we started.
1:10 pm
ex saisohopube pubs have argument,essica may digr, iss gument would resonate. we'll vetrongeecom grth anday low tes all isind oftu, this shldn't age-basedut a l tes it is, alex. th is the oljo, ople are liberal when ty' yng and nservative wheth get olr. there mabe tru tth. >> tnk there idefinily truth to that. connell: yeah. dot,ouuprt tru, ght? >> yes. am a huge trumsupporter but i think there arso ways ey could al tgeus and get thr messe ro ty're not utilizing. connl:hat shlde ne fferently, alex, wt do you think. sorry,hristie. >> we need tspeak to ts generaon in laua that's lent to them yokn wt is interesti f a llial is thafreedom is so ever-present,verything we do, we don even thinabt it, te for grant. connell:ight. >> we know fed a neration. weon - connell: ge me an arme that works. an argumt you inwo.
1:11 pm
>>n gunthawos? gument based oa artphone. that worksrom boom up. pors you to make your own ois an indivial why would you want top-dn governme that ac erye in t se health care. connel watchg ssica's face. she is notonnc. >> ion think smaphe ll be wning y an electi. coel y d'tike that? smartone something llni us everday an someing prenwi tm. >> i don't think that argume isoing to resona wn ople thking todaybo t student btor instance or they can't get out of theirarents sentr wonder wth ty get ll enoh paying j. that ithise. i doelieve theopaseve messagg probm d vere pocy proem that is where theyeed to work ou i'm not ying -- coell: cise oboard. i n't kn iit was because the smartpnergent. maybe she ewhabefore anybody el. >> millenials r p. e stf you n meith us connell: thanks, everybody, alex, christie, ssa,ll od
1:12 pm
it is der and been a long-runngisssn ou when peoplarliberal versus en they arconservati. comingp e whithouse rules weighi ojobs? yomit rememberarerhe we we had diussionbo tirement plans and peoe o e advisingn them? chamber cmerce he at it is into try to op goveme orreach, ne. ok, ready?
1:13 pm
1:14 pm
1:15 pm
[ explosio] thing ou g ithe way of ththings you lov thing ou g ithe way of geamica'fastest inrn.ov only from xfinity. connell:kay. omilnis people cseo certaly approaching retirentgeing ready for it. more busesbacklash over w whithoe rules ashe.s chamber ofommercis leang lawst ait w retirement advice res th cmb'sav hschmann isitus we talkeabt it elier i the week an f jning us toy. get a litt ithwes if you
1:16 pm
start btom line therere new rules which naia advisors are givg you advice your ira d retireme acun, erare new requiremen. they he orate in quote, someone'be interest as posed in the past it was suab guidance. if you're t into thiis unds crazy. ur poi is wh? iov reach andakthgs more difficult? >>obody gu wh ttg cuoms rswhetheyoca itest inre owhatever. the challee here is e department olar, whi is not anxpt nancial relar,reated a rube goldberg rulation that actulyak everything worse. itak iharder for peoe gechoicethey nd,o get thadce they ne. it wilma imore eenve to invest. it will lee ople who don't ha access to the adve in the da. wl acerbate what is alady a vis cris, in our case me ptilarly rder for all busineeso ovide retime plansorhe employees. connel me d tape and ings twork tou or as you
1:17 pm
say, mbe making things wse nobeer is there a proemer that is what iasetng at earlr in t week? arweoong for a solution whe ere is no probm are weoi aboutt e wronwa wh iyour view tt? >> intentionf the depame of labor had to crte me uniform standard across the bod. unfortunately the partme o laboon h regulator authority over 401)s. not over rest of the retirementr investment accounts. they have tried to overreach and kind of grab through this rule other retirement accounts but it still leaves in place two different systems. those outside of the retirement system and those within the retirement system. so from investor standpoint it makes it more confusing. connell: for regular person watching and they have retirement accounts as you say, it is not 401(k) or retirement or some other retirement account how would they change their life? what are they trying to prevent exactly?
1:18 pm
>> what it would lead to is a system they're much more likely to pay higher fees. connell: okay. >> to move, migrate to a fee-based account, or, otherwise all the compliance costs for this will be passed along to them. they're going to have fewer choices and what people are going to do is, there will be some accounts, whether it is small business accounts or small saver accounts, that just aren't economical for broker-dealers to serve anymore particularly with human advice. so those people will be left out in the dark completely in a world where only 11% of small businesses can afford to provide employees with retirement plan. we need to make it easier not harder. connell: good explanation. higher fees, fewer choices. neither would be good. people would identify with both of those. thank you. connell: david hirschmann from the chairman per. oil today is down at 48.50 or thereabouts. next up, a ex-oil ceo on why from here we're headed higher, prices at the pump this summer. back in a moment.
1:19 pm
1:20 pm
these guys represent blood cells. if you have afib not caused by a heart valve problem, pradaxa helps stop blood cells from pooling in the heart... forming a clot... which can travel to the brain and cause a stroke. pradaxa was better than warfarin at reducing stroke risk in a study. in the rare event of an emergency, pradaxa has a specific reversal treatment to help you clot normally again. pradaxa is not for people who have had a heart valve replacement. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke or blood clots. ask your doctor if you need to stop pradaxa before any planned medical or dental procedure. pradaxa can cause serious, and sometimes, fatal bleeding.
1:21 pm
don't take pradaxa if you have abnormal bleeding. and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you'rolde75 or have kidney problems, stomach ulcers, a blding condition, or take certain medicines. side effects with pradaxa can include indigestion, stomach pain, upset or burning. ask your doctor about pradaxa. and its specific reversal treatment.
1:22 pm
connell: your business headlines now from "coast to coast." walmart is testing drones in it is warehouses in an attempt to speed up distribution. walmart drones. international olympic committee announcing 10 refugee athletes will be competing this summer in the rio olympics with hopes of shining a lot on the current refugee crisis. no country used. refugee, olympic anthem as well. all four cities bidding to host the 2024 advancing to the next round. the cities are budapest, paris, l.a., los angeles, and rome. they're all going on to the next round. let us go to oil prices and we do see a drop of 70 cents so
1:23 pm
we're under $49 per barrel. baker hughes data showing the rig count in for second time of 2016. talk about oil supply, demand and everything else especially where we go into the summer driving season with prices to pump. the former shell ceo, john hofmeister is with us. you think relatively low prices are knot here to stay, is that right, john? we're going higher? >> i think we'll work our way up slowly during the summer, particularly because of driving demand and the holiday season. it is typical prices would rise and different blend of gasoline. a lot depends over time what happens to the crude price and what happens to the crude price. i think we'll see higher crude prices even if we see a few rigs come online. connell: let me ask you talk about the specifics of oil supply because of driving demand.
1:24 pm
that gets in economic discussion. we had terrible jobs report and recession was brought up and this economy could be in more trouble than some people thought but you think there would be fairly strong demand? that would suggest the economy is getting stronger. how do you see the economy. >> i don't sigh the economy doing much different than it has been doing, a point or half a point of growth per quarter which is nothing to write home about but it is not recession. not something that is on the downside. obviously car sales are looking like they're sliding a little bit south. but it has been robust for a long time. and we didn't see unemployment numbers rice. we saw the unemployment rate fall. i think we're in a quagmire economically. we're not really seeing anything that will lift it quickly. connell: right. >> but fortunately we don't see anything that will see the bottom fall out of it either. connell: that is interesting so it is not a disaster.
1:25 pm
i characterized employment report as rough, and it was. we only added 30 some thousand jobs when you're expecting to add 160,000 but you're saying steady as it goes than the bottom falling out? >> that is more how i see it. what i worry about with respect to the oil price of a quick rise if the saudis or russians, find some reason or another find an accommodation where they're both harming themselves month after month after month. if russians and saudis found a accommodation between two of them, they could drop half a million barrels a day. we would see progressive rise in the oil price which would affect the gasoline price and would change the dynamic. connell: is that prediction or something you see is something to be worried about? >> it has to happen. russians can not go anymore and
1:26 pm
way saudis can do what they're doing. they're eating up their reserves and eatings up their cash. the economic impact of that affects local economy. you have venezuela in the mix as well and nigeria. things are not doing well in opec space. russia is not in opec but it may as well be because it is part of that whole super major production of 10 million plus barrels a day. connell: right. >> and i don't think that the saudis and russian people over time are going to tolerate a situation which dramatically changes their economic outlook when a slight adjustment in the oil output would change the financials of their countries. connell: just give me a quick -- bring up the average price at the pump one more time. end of the summer you think gas prices are where? today 2.34 around the country. last year we were 2.76. where are we headed short term. >> if nothing else changes, 10 to 15 cents higher. connell: okay, 10 to 15. good to see you, john hofmeister.
1:27 pm
have a good weekend. former shell ceo. knows his oil markets, that's for sure. bank stocks are plunging and moving in some cases significantly lower percentage wise as investors put off expectations for a fed rate hike and we'll talk about that coming up. as hiring has slowed down, china trade concerns are growing and there is a big meeting next week we should be looking at and we will after this. every day you read headlines about businesses being hacked and intellectual property being stolen. that is cyber-crime. and it affects each and every one of us. microsoft created the digital crimes unit to fight cyber-crime. we use the microsoft cloud to visualize information
1:28 pm
so we can track down the criminals. when it comes to the cloud, trust and security are paramount. we're building what we learn back into the cloud to make people and organizations safer.
1:29 pm
1:30 pm
1:31 pm
connell: back "cavuto: coast to coast" with a look at big board on wall street. we're down 70 points on dow jones industrial average. nothing crazy in terms of the jobs report from this morning and reaction to it of course everybody is thinking hey, how does this affect the fed, what will it do, uncertainty, this and that? something we talked about throughout the program. tonight on "wall street week" liz ann sonders will talk about this and why markets this year will be hard to predict. watch. >> eight-year cycle we're in. people talk about the four-year presidential cycle, third year being the best. we bucked that last year obviously. but there is also a eight-year cycle, eight-year, two term president. the election becomes open election. in eight-year election only year historically market is down on average, year eight. because of that natural uncertainty, i would add even
1:32 pm
more because call it the unique nature of this election. connell: catch the entire ininterview 8:00 p.m. eastern time, fox business network, on "wall street week." meanwhile economic tensions between the united states and china. the question is, would a president trump only make things worse, or maybe make things better, gary kaltbaum will tell us. will join us with brian wesbury. to my earlier point, welcome to you gentlemen. important meeting taking place next week, state department officials, beijing officials over there with a couple days of talks. how should we handle where we are. >> i like trump is doing, we're putting on notice we'll be strong. keep in mind obama and commerce department slapped punitive duties on china and japan because of steel imports because of playing around the currencies but there has to be a point in time where you show strength. i think trump is kind of
1:33 pm
positioning himself if he wins the presidency we're not taking you know what from you what. i don't think it's a bad move. connell: we can follow along, gary. even brian can fill this the blanks. i don't know if he agree with you, do you? >> i don't. every bmx x series car is produced in south carolina. if you live in china you have to buy the bmwx series car, 3, 5, whatever they make, buy it in south carolina. airbus is opening a plant in mobile, alabama. this idea that china and mexico are hollowing out our manufacturing sector, it is just bogus. it is just not true. connell: we're not really losing in other words? we're getting handed to us to use trump's -- >> let me make one quick point, connell. that is i believe if you want to find out -- if you want to understand what's wrong with the middle class, why wages, why
1:34 pm
people are not liking this economy today, why we only grow 2% instead of four, it is because our government is so darn big. we redistribute too much. we tax too much. if you want to kill china, if that is your whole goal, cut the corporate tax rate in america. if they're drowning already, that will shove a fire hose right in their mouth. that is what you do. connell: you were more specific. gary asked us to use our imagination. so what's wrong with that, gary? brian is saying -- you know what he is saying trump is full of it he is telling people what they want to hear but it is not really about that. >> first off i agree with brian what the problem is economic growth, too much debt, deficit and blob i call government but look, i don't mind trump talking tough. it does not mean he will come out and pull a smoot-hawley. >> does it sound that way sometimes, gary to be fair? protectionist, wall street money guy that must make you a little
1:35 pm
bit queasy. >> yes it does, he is not alone. every country around the globe right now is going towards protectionism because economies are so bad and all the central banks are going nuts and debasing currencies and things like that so everyone is trying to get one up on each other. it he is not president. only matters who is president that matters most. china has enough problems on their own. when i was there for 16 days, i counted 300 buildings with no one in them. another 300 being built. so that is a big ponzi scheme waiting to be blown up next few years. i just don't know when. connell: timing always has been difficult to predict on china. wrap it up for us, brian. >> i tell you agree with gary. i'm not opposed to a president being tough with china, with the rest of the world. we need a tough military. we should be tough. we're not bad people.
1:36 pm
and when we lead, the whole world leads. what does scare me the populism of trade protectionism, gary is right, it is shifting in the whole world. the u.s. needs to be a leader of free trade, democracy and free markets. that is, trump needs to get off of this. he needs to get off. connell: i want to make sure, brian. you go crazy on twitter. not really trump crazy. i was following you this morning. you were watching i'm sure another network but talking heads on tv who opine on things know nothingbout make me mad for people that watch that they think they're receiving wisdom. i want to make sure you're not talking about either me or gary. >> oh, no. >> not me. >> whole another network. connell: had to be. >> somebody who is supposed to know, he is supposed to know all about stocks but next thing i know he is telling me how the employment report works. what are you doing. connell: you can't type fast enough. that is what twitter is good for. >> i couldn't pass it up. connell: gary, brian. michelle obama we talked about
1:37 pm
earlier, the first lady, did this commencement speech she is making here in new york today and, you know tell you a little bit what she said is interesting. she said earlier, just a little bit of a shot at donald trump, we think seeing diverse backgrounds should be celebrated but beware of those who quote, build up walls to keep people out. i think it is fair to say first lady michelle obama, city college of new york, taking a shot at donald trump. we pass that along. twitter shares down 35% when we look at them year-to-date but could a merger be the solution? that's next. you wouldn't take medicine without checking the side effects. hey honey.
1:38 pm
huh. the good news is my hypertension is gone. so why would you invest without checking brokercheck? check your broker with brokercheck. poallergies?reather. stuffy nose? can't sleep? take that. a breathe right nasal strip instantly opens your nose up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right.
1:39 pm
reporter: good afternoon from the floor of the new york stock exchange. i'm lori rothman with your fox business report. trunk, new name of owner of "chicago tribune" and "l.a. times." this is rebranding strategy. short for tribune online content. starts june 20th. instead of trading here at new york stock exchange, they will move over to nasdaq, trading appropriately enough, trnc.
1:40 pm
the shockingly horrible jobs report has most people thinking fed will move away from raising rates. question of a july rate hike because the report was so bad. where do you get yield? if you're an investor looking for dividend play, utilities are way to go. utilities have a banner day. as a sector it is up 16%. look at some of the names. those are best performers, sempra, consolidated energy, up better than 2 1/2%. get you back to "coast to coast" of the my name is fred and i carve heads out of cheese.
1:41 pm
it's not easy. i was once working on a bust of shaquille o'neill in swiss. i haven't worked in swiss since. everyone called me crazy. things really took off when i got my domain name headsofcheese.com from godaddy and now they're selling like hot cakes...made of cheese. got a crazy idea you think you can turn into a success? we know you can and we've got a domain for you. go you. godaddy.
1:42 pm
connell: so would be a big-time media merger or tech merger depending on your point of view. "new york post" has a report that twitter and yahoo! are holding talks but jack dorsey of twitter fame said not to even show up for the talks. dagen mcdowell from fox fame, troubled companies have issues and you get together issues go away. >> nice to be invited into the studio, connell. connell: what are you talking about? >> lurch across the desk at you. connell: restraining order is still in place. >> okay. five-foot restraining order. connell: yeah. >> here's my, here is how he sum up. connell: good. >> potential twitter yahoo! merger. connell: let me get a pen. >> you have to watch. a loser and a loser do not make a winner. >> right. >> get it? connell: something in your personal life? >> my first marriage. won't talk about my first
1:43 pm
marriage. connell: i like i'm your sidekick now. ed mcmahon. >> twitter management did kick the tires on yahoo! according to the "new york post." connell: right. >> and this is direct quote. not using this verb, twittered was just interested in sucking information out of yahoo! connell: really? >> jack dorsey -- connell: nothing serious? >> jack dorsey according to one post that the "new york post" used did not show up to meeting. connell: trying to think what twitter could add to yahoo! but it is probably irrelevant. >> twitter needs how to figure out how to deliver ads on its social media site better. connell: right. >> astounding how poor the ad delivery is. my brother doesn't use feminine protection products and had 50/50 chance serving that right but serving them an ad. connell: i see what you did there. i thought that was unrelated comment. i thought you want to let us know about your brother. that being said, i don't even
1:44 pm
use facebook but ads are great there. >> even better on instagram. connell: twitter, i never hardly ever see it. >> they, based on all the information that they have on their userses on twitter, they can't figure out real, like, real-life behavior of those, users. that is astounding. connell: one more topic for you. >> go. connell: because we worked so long together you love the airlines or airports and you always have a story. it is about your dog or airlines, is that fair. >> my favorite one, you want to get to the actual news story because i have plenty of flying stories. connell: delta pushing what they call vip express security lines. what is going on? >> actually use a separate company called clear. has nothing to do with tsa precheck, where this company clear, expedites your security. it is only in 11 airports. actually been dropped from two. connell: well you don't have to be cleared by the tsa? you don't have to be in that program? >> they do the clearing,
1:45 pm
basically the security check for you before you go through the line. connell: oh. >> but it costs money, or if you're a super frequent flier, if you spend $15,000 a year or fly 125,000 miles on delta. they're trying to use it as vip perk. connell: right. >> that you don't have to wait in this long security line. connell: most of the vip people would be in say, well -- >> i -- connell: precheck line, right? >> vip people are in precheck anyway. they're trying to act like it is some special service and you don't have to like, like hang out with the huded masses at the airport. you want to hear my favorite? connell: here we go. i was hoping -- >> when succeed ad man with raging staph infection all over the plane -- connell: still telling story. >> jumped out of the seat and forced to remove him from the flight. flight was delayed an hour but people were safe. that is my interest. connell: you are telling the
1:46 pm
story. >> it was insane and zero compensation seated next to somebody that was basically a health risk who are you talking to? who are you talking to? connell: studio appearance would be your last because we do have these other cameras. >> guess who is my friend? maybe not you, matt, matt is not laying a hand on me. connell: night weather. thank you, dagen. the good to see you, wasn't that really weird segment. >> no, it wasn't, perfectly fine, connell. you're the one who is weird. connell: not what these people are tweeting in. >> state department warning us about other things that are much more important than with we were just talking about. isis expanding its reach would be more important. while we wrap up dagen. we'll have more on that coming up. ♪
1:47 pm
approaching medicare eligibility? you may think you can put off checking out your
1:48 pm
medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients,
1:49 pm
and there are no network restrictions. unitedhealthcare insurance company has over thirty years experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. 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™. ♪
1:50 pm
connell: back on "cavuto: coast to coast." the oil price is down by 61 cents today. we're back to talk about isis and oil installations controlled by isis are still getting hammered. a russian fighter jet destroying isis oil facilities that is in the news today. at same time a state department official is warning that isis is actually expanding its reach. let's bring in former bush 41 undersecretary of defense, jed babin, on this and where do we go from here. we're told we're making progress but are we? >> not really, not that you'd notice. we have a lot of people pushing different parts of isis around. russians are bombing them. we're occasionally bombing them. we have people fighting in northern syria and people fighting in iraq. really people in isis are moving back and going back and forth. like squeezing a balloon, you squeeze them somewhere and they pop up somewhere else. that is the problem you have without going after them and crushing the enterprise. connell: speaking of the enterprise, i mentioned oil
1:51 pm
facilities and instarlations being attacked. others have talked about it. is that the way to go about isis or should the strategy be far more complex. >> it is more complex. quite frankly we're not doing a lost bombing there. mr. obama and joey biden don't want to bomb oil trucks or refineries because we don't want environmental damage for heaven's sakes. connell: right. >> if you're going after the guys and frankly we're not, would require a lot more bombing and frankly a lot more effort on the ground, we really need most the arab nations to undertake, it is their fight. where is saudi arabia? where is jordan? i don't think they're in the fight. they need to be. connell: that is what we heard for a long time. they're not going to get in it, are they? >> no. connell: if it was to your point boots on the ground, it would be our boots, american boots, wouldn't it? >> it would have to be, right now it shouldn't be. again it is their fight. the fight and threat to them and europe is far more serious than any threat to the united states. connell: what is the different
1:52 pm
promat tick argument to force them to get in? you go to saudi arabia, listen we need you to get involved and if you don't, what. >> i'm usually last person to ask by anything diplomatic. you fact you lay the cards down on the ground, hey buys boys, they'rcoming after you next, what are you going to do about it? if they say nothing, then that is your decision. you will live wit or die with it. connell: you don't think that conversation has been had? >> i'm absolutely confident it has not been, certainly since mr. obama came into office which is long before isis was even created. this is a new phenomenon. isis is relatively so, but it is simply the old, it is old wine in a new bottle, frankly. you have got people there who change from one terrorist group to another. they change their names. it is same old guys. it is the al qaeda crowd. the sunni terrorists we've been dealing with, i don't know, since 1805. the fact is, unless you deal something seriously, nothing is going to change. connell: all right, thank you,
1:53 pm
sir. we'll keep talking about it, for whatever that's worth. thanks for doing it with us today. we appreciate it. it is important. >> thank you. connell: jed babin with us from d.c. win or lose in the state of california. what is the next move for bernie sanders? he is really making a lot of noise out there. we'll talk about it next. many people clean their dentures with toothpaste or plain water. and even though their dentures look clean, in reality they're not. if a denture were to be put under a microscope, we can see all the bacteria that still exists on the denture,
1:54 pm
and that bacteria multiplies very rapidly. that's why dentists recommend cleaning with polident everyday. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day.
1:55 pm
1:56 pm
connell: protests in california last night, san jose, things got, to put it mildly, things got ugly outside of the trump rally. now, blake burman or, robert gray actually was reporting out in california with us earlier telling us that hillary clinton herself, look at this, had not condemned this. a spokesperson had, john podesta had. david asman is here. i don't think we heard any -- >> i thought you were going to say i was here campaign manager. connell: good luck. >> thank you. connell, not like sanders are
1:57 pm
has come out. >> neither hillary or bernie. remember the reporter that donald trump was saying lousy, was the word he used sleazy, even he was shocked. he had a report. connell: tom yum mass. >> he had a report last night when it was happening, this is much worse than people are defining it. much worse than bernie and hillary not saying anything, but the mayor of san jose, his name is tom lecardo, he is blaming donald trump for it. connell: really? >> you have some hillary clinton supporters -- sort of like blaming a woman after she has been raped because she was dressed a certain way or something. it is same, some of the people that are condemning trump for this violence have actually said that, that people should not have been wearing pro-trump garb. that was inciting protesters. connell: what is all the stuff about inciting? i understand we're in heated campaign and maybe some things
1:58 pm
shouldn't be said way they are. but blaming hillary clinton or inciting, to blame donald trump, i mean, it is people that are doing it, you know? >> very simple. connell: what about the local polices of this? i wasn't there and some of the reporters were but -- >> some of the protesters that i've been listening to have actually said they were applauding the police, that the police could not be everywhere and it was bad coordination. connell: sometimes that is true. >> police are under the control of san jose mayor who is blaming trump for the violence. that may come to play. by the way some people not only who are not condemning the protesters for getting violent but osome of these protesters, no pun intended by the word egg. connell: right. >> the vox editor, online be openly supporting violence. he said in a tweet, if trump comes to your town, start a riot. connell: really. >> as a result of what he -- this sort of stuff has to be condemned not just by campaign spokesperson but by the candidates themselves.
1:59 pm
by both -- connell: can't help. >> a lot of people there had bernie stuff on. connell: gasparino, this can't help hillary clinton kind of thing to have pictures on it. v? >> i can only think all this will help donald trump. remember in 1968 when the democratic convention. people got violent in the streets, helped elect richard nixon. connell: right. >> hubert humphrey who was running as democrat was smashed as a result of what protesters did. when americans see violence in the political campaign it helps the person who is against the violent protesters the most. connell: you would think that would give her more of incentive to condemn it. maybe she will. she will speak in california. david will be speaking not only today as he just did, but tomorrow on the fox news channel. he is hosting a live special, from 10:00 to noon tomorrow. dash to the clash. >> the big clash is in november. there is the clash between bernie and hillary next tuesday which is of course california primary.
2:00 pm
connell: you're on fox business next tuesday for the coverage. >> i will indeed. this is fox news 10:00 a.m. to 12:00. we have forbes and dick van dyke a bernie supporter. 90-year-old supporting a 75-year-old. connell: who else will be with you. >> with me? how did you pick that short straw? connell: speaking of short straw, that is what i will be wearing. >> that's fine. just keep it under the desk. connell: on tuesday with our coverage joins us to take us through the next hour. >> thanks so much, guys. breaking. everyone. terrible jobs report. showing our economy added only 38,000 new jobs in month of may. that is slowest rate of job growth in five years. i'm trish regan welcome to "the intelligence report," everyone. a pretty louse i report

499 Views

info Stream Only

Uploaded by TV Archive on