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tv   Varney Company  FOX Business  June 22, 2016 9:00am-12:01pm EDT

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you do your push-ups today? prepare to be amazed. [ male announcer ] don't wait. call today to request your free decision guide and find the aarp medicare supplement plan to go the distance with you. go long. >> thanks to our panel today. charles payne in for stuart varney today. take it away. >> stuart is resting up for the big vote in the u.k., he will be back tomorrow, but what a show we have for you today. the 90 minute from now, donald trump will counter punch. watching the much-anticipated attack on hillary clinton. and you will see it here. >> and hillary's economic advisor, gene spurling, all over taxes. what is fair? spurling says tax 1%. we'll find out what art laffer has to say about that. and britain's vote to leave the u.s., the latest odds from
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london, big day from politics, "varney & company," we're about to begin. ♪ >> a record breaking goal! number 55. >> and everybody on the field thought he was going over. >> that was just one of four goal that argentina scored against the usa in the copa finals in houston. a disappointing end to the tournament for the united states. lionel messi arguably the best player. argentina moves to the finals. >> let's look at the markets ahead of the british vote tomorrow.
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we've been in anxiety mode here. there is your dow jones industrial average, maybe up a fraction, the s&p 500 also perhaps up a fraction. ov oil the last few days high school been interesting. and flight to safety and the 10-year yield going down and down and down reflecting a tremendous amount of angst. i want to discuss it with art laffer. art, you know, art, we keep hearing that the vote itself, i think initially, it was about sovereignty, i think to a degree about the idea of unelected bureaucrats from brussels telling the english people what to do. there's an economic aspect, it's hard to get a handle on. gdp per capita has done extraordinarily better for
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england than it did for germany and america. so, where is this economically? because the markets are so afraid of this thing, why? >> well, in the first place, the u.k., while it's a member of the eu, it does not use the euro, and the british pound still, that does separate it from the rest of the common market. there are other regulations and restrictions and things that do not apply to the u.k. that do apply to europe. from my standpoint, i think that england has been held back by the eu and i think the eu has probably been helped back by having england in it. there are a lot of counter veiling obligations in both countries and united states of both countries that really don't mesh well. i would say the same thing is also true for ireland. my joke is that ireland should punch the euro because they're in a separate economic category than is the common market, but the voters will have their choice and people observe the governments they get, charles.
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stuart: a reminder to american voters as well. >> yes, sir. >> you wrote a great piece on this. it was john major who insisted on this opt out, which was a stroke of genius. should the entire drop out. >>? and i think what they're talking about, they're tired of the faceless bureaucrats in brussels having a say in their lives, including whether they can use the age old appliance in a household, which is an electric tea kettle, and the eu says it's not eco and they've got to get rid of it. and the scare mongering and even president obama making his views known. and english people think they might want to leave the eu. i think it's an amazing anti-establishment surge kind of like we're seeing in the united states. >> no doubt about it, i saw a
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poll that shows-- art, overwhelmingly, the british voters, the british rpiondlthi coar aener fuiof relt inriyo d t.ellle i f lot peth nvenpoitav that they'd like. if we had less taxes and freer trade and therefore they're not investing. what happens is the lower groups are suffering enormously all over the world because of high taxes, becausing of causing not wealthy not to focus on producing output employment production. they're trying to get their gains through alternative means of tax, tax avoidance.
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it's sad when they're focused p his time and resources on trying to reduce taxes. that's not what people should be doing. >> i need you to stay right there. "varney & company," we have special coverage of the british exit vote tomorrow at 11 p.m. to 1 a.m. eastern time. the stock of the morning is going to be solar city after the bell. 2.8 billion, e-mack, elon musk sort of double dipping. >> it's interesting, because the ceo and the chief officer are cousins much elon musk. boy, elon musk putting a big floor under solar city stock, which has been plummeting the last 12 months. and this is, again, using paper, this is all stock deal, tesla is going to buy solar city for about 2.8 billion dollars, and tesla has a a way f trending right now, two and a
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half year low. only 1 1/2 billion of cash on the balance sheet of tesla. and both solar city and tesla, that's double the cash on the balance sheet. it's a momentum play and using momentum paper to buy solar city. >> right. >> and investors are not liking it. and we need to tail on the margin loans, the personal credit lions elon musk has. he's a majority shareholder owning a fifth of each of the companies. >> the companies pews stock if the company is overvalued. you can't blame him. five minutes before this was announced goldman sachs came out that solar city was the worst company out there. >> the business model is weird. you get to pay over 20 years, customers do. meanwhile, solar panels are always disruptive, always new solar panels coming in from china.
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the thing is it's absolutive, tesla has 1.7 billion to pay for cap x. are they going to have to go to the credit markets if this stock continues to go down when trending? >> by the way, the states are pushing back on the redistribution of solar people that people have. it's not economic, i don't think. and i think that the-- >> it's political. >> no question. >> you're talking about the eu and the electric tea kettles. that's what the progressives want. thanks, facebook is paying media companies and selects to use live video streaming service. and they've been accused of sensoring conservatives. now we see them sort of helping the more liberal elite celebrities. i mean, listen, social media is the ultimate celebrity platform, i guess. and the ultimate celebrity culture. >> yeah, and facebook seems to be sort of taking over. it has a bigger and bigger
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footprint and every aspect of news dissemination and everything else. i think mark zuckerburg got some pushback from conservatives at the annual shareholders meeting and that's only going to continue as they roll out bigger and more expensive platforms. >> instagram cracked 500 million users. if he's got these-- forget about the politics, he does have instincts when it comes to this that's remarkable. >> it's brilliant and they're on a roll. i think they have 20% something-- >> he won't be a conservative darling, but he'll give in on certain things for them. 's he a smart guy and he knows that political winds can blow both ways. >> we've got breaking news for you. federal judge in wyoming strikes out ban on fracking on
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public land. >> an expensive overreach. the department doesn't have the authority to regulate fracking. only congress under the constitution has the power to regulate fracking. this is reinstating the power of u.s. congress to the constitution. it's a big fight happening now. the interior rules would have been expansive, oil construction, storage of waste water, you know, all sorts of things, but again, reverting back to the power of the congress to regulate fracking, not the administration. >> you can almost forgive president obama for thinking that congress has any power. they gave it. [laughter] an interesting side note. the judge was appointed by president obama. that's when you know you're breaking the knew. to politics, hillary clinton took direct aim at donald trump
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and she says he'll bankrupt the country and art laffer, i'm pretty sure you disagree with that? >> i disagree with that and i disagree with the assessment of his business record. you ought to talk to jack welch and others. he was a great partner, did his job correctly and made money with him. others probably disagree with that, but overall, his tax plan and economic plan is so far very, very good. when you have a 15% corporate tax, max tax. this will bring jobs back like mad. hillary is the opposite. she wants to raise on the rich and. on business of 25%, spectacular, people would stop focusing on taxes and how to get around them
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liz: can i just jump in here, liz macdonald. sometimes there's criticism of hillary clinton's policies, feeling like seinfeld, nothing goes on. what is the economic growth policy. the other thing, art, isn't it true, correct me if i'm wrong, when tax rates are cut for high income individuals, under calvin coolidge, jfk, that high tax individuals paid more into the system than prior. >> that's true, and a piece i did for the wall street journal quite a while ago, whenever they cut tax rates, revenue from top 1% income earners, in the calvin coolidge period, liz, to your point. they went from 77% in 1919 to 25% in 1925. that's cutting into a third of what had been. revenues for the top 1% went through the ceiling and we had a boom in the economy and hillary doesn't get it. >> and ronald reagan, too.
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>> that guy, too. >> by the way, one more for you, art, donald trump on lou dobbs was talking taxes and i want you to take a listen. >> hillary has to raise taxes to 55 or 60%, no way they can do anything less than that. so we're going to give a massive tax-- i'm being good to business. >> all right, the great welfare utopia that barack obama has been doing casts. and paying for these quote, unquote investments. >> it's ridiculous, she's going to do and she will be the third term of barack obama if she were elected. which i don't think she will be. i think that donald trump will be elected. i think the pro growth agenda will come into place.
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i saw a poll from bloomberg, who do you think would be better for investment portfolio. donald trump 50%. and hillary clinton 33%. no doubt about it, investors, and liz, you write for the fiscal times. investors, while they worry about some things that donald trump talked about on the trade, overall what art is talking about, lower taxes, fewer regulations and by the way, still, with the turmoil, voters give donald trump the enl in terms of being able to create jobs and boost the growth rate of the economy. and this is what donald trump needs to focus on. this is his great card to play and i wish he'd stop talking about anything else and just focus on the jobs and economy, because that always wins election. >> the latest poll, 51%, and hillary clinton 43. the underline her speech.
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she's at 56 and he's at 32. that goes to your point there. a record-breaking heatwave out in the west. hundreds have evacuated. there are two big wildfires on the verge of merging, remember, we've got the winds, dry temperatures, that's not helping at all. so far no major damage, i think, hundreds of homes have been evacuated. it's a dangerous situation and we will keep watching it for you. and looks like a slightly higher open for the market right now. there's a tremendous amount of anxiety ahead of the british exit vote tomorrow. i want you to take a look at fedex offering lacks luster guidance and that will open slightly lower. difficult for this one. i want to shift to terror, the general task to lead u.s. troops in africa, we have no strategy for fighting isis libya
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liz: he said this under questioning in the senate arms services committee. he was asked by senator john mccain about this, he said essentially we don't have any strategy. the head of the cia said that the number of isis troops in libya has surged to maximum 8,000en potentially more. the low was thought to be 2000 in february. the other issue, whether this general will have commands to call on strikes on isis and libya. he may not have the authority to do so. that's the issue yesterday. >> thanks a lot. we've got a hacker, in fact, guccifer 2.0. try this, $225,000 speaking fee, private round trip private jet. got to be a specific jet. special first class pickups for up to three aides. come in rich lawrie, this is
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hillary clinton, the presidential candidate of the people. she's one of you, she's got hot sauce in her purse. >> i know about you, charles. i don't go anywhere without a gulf stream. >> what's going on i never bump into hillary. i'm in at the wrong airport, not teterboro. >> this goes to two points. she has lived this completely cushy out of touch existence for decades and two, just the money grubbing, asking for at least $200,000 for these speeches which goes to the goldman sachs fees. why go and give two really lavish speeches when you're going to run in a democratic primary. you want every last buck that you can possibly rake and this is why she is so vulnerable if
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donald trump can get the story off of him and onto her. >> he's going to attempt that in an hour and a half or so the a least start doing that, a little bit more. 225 grand for the chartered jets round trip and it has to be a specific size. gulf stream 450 or more. i wonder if she's a rapper or-- really,. [laughter] she does very well with you know, one of these guys yesterday with people who make $50,000 a year. she's falling at 53% to donald trump 36%. i think it's a sweet spot for donald trump because he won over a lot of people in the primaries. >> if he can portray here out of touch, it's complete malpractice, there's a cnn poll, hillary a 5 point lead. in internals on the e-mails as well, people do not believe her. it's a big vulnerability. so the whole story of the campaign is how radioactive hillary clinton is, if it weren't for the fact that she's
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slightly less unpopular than donald trump. >> that's the whole story here, right? i am ooh, the idea is that he's polling at 70% unfavorable and she's high 50's. it's such an election that they both have been polarizing for various reasons and now have to remake each other. what about the idea that donald trump tells us more about his economic plans or just stick to going after hillary and perhaps rebutting some things she had a say. >> i think he should make it about her. it should really be an exercise for this, supposedly retooled campaign. just for a couple of days, can they keep it entirely about hillary clinton and have no unnecessary extraneous controversies? that's a really good test. if they can make it a referendum about her and about the status quo, trump's going to be next. >> and there were comments about women being pregnant and those kind of things and
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working for him and you know, and that's, i guess, where the people surrounding him right now have probably been saying over and own again. stick with this prepared speech, prepared comments. but it's the off the cuff stuff that made him the candidate he is. >> he's getting over the awkwardness, he wants to be entertaining and make it a show, and gets him into trouble and the media interviews. >> thanks, rich. in the meantime, let's take a look at oil. at ooh -- 50.23. my prediction is we'll get over 511. >> continuing to draw down and-- >> all right, guys, higher profits at la-z-boy.
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the country's largest furniture manufacturer. and kind of chill out in your la-z-boy. and donald trump vowing a new campaign this week. in about an hour he's going it launch a scathing attack on hillary clinton and this comes, of course, after he's launched a new website, called lying crooked hillary.com. one of the problems, liz, might point to the chaos within the campaign. there's nothing on it. at least nothing on it. >> it was a blank page, right? >> so is that a statement about her policy initiatives? >> i would take issue with rich though, i think he needs to talk about politics. i think he needs to sound presidential and everyone has been saying that for weeks and that being presidential means you actually know something about the economy, about taxes and et cetera, and i think that piling onto hillary is risky. i think he can talk about her dishonesty, because she is
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dishonest and they need great clips of her denials and then the fbi statements that counter act it, et cetera. easy, easy campaign to run, but i think he needs to prove to the american people that he's got what it takes liz: and hillary clinton hit him hard. just like trump should not have his finger on the button-- >> and hillary clinton said she's going to come back to the issue of temperament. she's thought well on the issue of temperament. no matter the topic, see a going to enchance. >> he flies off the handle at the rallies and says something untoward that makes people squeamish. >> the crowd gets excited. >> and he gets excited. >>en you've got to convince the democrats, who want to change. the reagan democrats. i do have to ask you on policy. yesterday, hillary clinton
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talked about the atlantic city bankruptcy and talk of the art and guys like jack welching businesses, but it's the guy who did the drewall in the atlantic city stuff and never got paid. >> that's in the national consciousness that stiffs people he owes money to. on tv, how debt is his friend and uses debt. someone asked what about the people you basically defaulted on? i think he's got to get people out there. jack welsh-- and someone who did drywall work, plumbers. >> and we know that he's generous to a lot of people who work for him and those people need to get out there, too, to counter act to narrative. >> art laffer is still here. and the economic advicer and the fortune advicers to president clinton and obama,
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say we need to attack. >> until president obama was able to bring back the top tax rate, we saw that many people in the 400 most well off americans making $336 million, many of them were paying under 20%. so, yes, we can ask people the top 1% who have done better. >> you know, art. listen, if this whole 1% thing, we've heard it over and over again with president obama, he was able to raise taxes. we see the end result is the most anemic economic recovery, post recession economic recovery, and the bottom line doesn't matter and all of these things, really to me are more about politics and anti-capitalism than a real economic plan. >> i know gene spurling, a good guy, but he's paid by hillary to read those lines.
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flow one would believe you can collect more revenue by raising the rate for the people in the top bracket. what you want is a broad-based flat tax and everyone pays their shares and then you'll get compliance coming in and roaring in, people like buffett and these guys don't pay their fair share at all. they dodge taxes all the way. >> and they won't pay their fair share. >> listen when the tax rates were cut 2001-2008 top 400 or whatever paid almost two-thirds more into the tax system. >> that's called supply side. and art made a point of this. let's look at tesla, offering to buy solar city, and both of them essentially owned by eline musk. new details are coming out on the iphone, it's going to look a lot like the old one with one
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perhaps big exemption and mark will talk about bad luck. well, forget about the jets, he's reportedly been the victim of a ponzi scheme and lost 8 million bucks. we've got it coming for you after the opening bell which is just minutes away. when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night.
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>> well we've got ohming bell coming up in about 15 seconds. about are this market essentially sideways narrow range are for a long time couple of weeks ago in a cusp of breaking out. didn't break out and more recently on breaking key support and didn't fall apart but anxiety is there so much so that you can cut it with a knife and investors and yields cool down and ten year and two year and no doubt anxiety the keyword of the day right now. the big board we're opening slielgtly higher tha our board of dow stocks roughly looks like about two-thirds of them right now. higher the dow opened at 20 points higher s&p 500, s&p at a bit here. remember a lot of money that has been in stocks have gone to the blue chip names almost every day over 100 blue chip names hit u new 52 week highs. you can't see that when market is up or down.
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gold also check on price of gold in a sec that's nays dak with just again side waist a little bit of pressure something high flying tech name thrtion. but cheb on price of gold 1300 is key number there. hit it last week we pull back a lot. as yes vote or the polls say yes and britain. gold has come down and in the meantime oil saying emac mentioned looking geep for inventory number above 51 a short squeeze this time around. ten year yield and confidence it's been extraordinarily low. stabilized in the last few days but i think it's coming up. look at that. i'm good. 1.70 a lot lower but that is really low from a historic point of view. in the meantime from fedex yesterday wariner a smaller trucking company they warned that for fedex to have this warning also both are pretty good for the health of u.s. economy. which has no rival signing up
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media companies and celebrities to create content for video streaming service that news pretty good. and big news into last night is tests la to buy solar city. 2.8 billion dollar deal. that's sending shares to a four months low. could be lower, and here we've got one, maybe this is where stuart is. maybe stuart is not getting ready or for that but kicking tires on a wynnbego stuart varney we see the evidence right there. immaterial to bring you liz mcdonald and stick around with us. but scott go to you first. the market what are you looking for on friday with the conclusion of the british? give us both outcomes say lee . >> if they leave nobody knows the pans we've seen big investment desks and say the
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truth is anybody knows what's going to happen. we know what will happen and more of the same. but if i can rewrite history for you charles can you imagine had 1775 a bunch of new colony saying you know what, the king isn't that bad. why don't we try to find a way to pay the and stick around. with benedict and one guy, guy named benedict saying -- smoke your pipe. but i get -- i get your point there. u you've been here for the most part. what role is it play for near, long-term? >> i think britain will stay in the common market that's my guess and no expertise there. but i think long-term prospect will be a lot, a lot better although short-term disruption but i think a vote to get out of the common market being successful would be very positive for britain over the long-term. >> all short-term i think we all agree crazy in the market as we
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try to figure it all out. big boards here federal reserve says u.s. stocks gotten expensive. this is janet yellen federal reserve saying this. sorry let me back up. federal reserve putting out a disclosure that forward price to earning ratio for stock is have increased well above the median averages in the highest in the past three decades. so people pushing back saying wait a sec. the cut the interest rates so low that dividend yield and s&p 500 hanging in there and two, two and a half percent that's higher than treasury yield so, of course, of course investors are piling into stocks. >> what's your thoughts on all of this snuff >> knows, polls are showing it is pretty even. majorities say it is not going to happen. remain vote will win that's the way they're acting. bonds are acting that way. stocks are acting that way globally here in the u.s. if it's not that way and exit
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all bets raff. are off. hell breaks loose. >> the forward price earning ratio increase to a level of their median not average but median. be clear. >> at some point, if in the last 30 years, all right i want to take a look at facebook, because they've got new news. these guys are always on the move but signing up celebrities to create about constant to video streaming service liz pique they have been accused of censoring conserve fives so you know, listen, with we know that it's part impartial of the wealthy progressive movement of california. and they get away with it. >> yeah, and the truth is this is a pretty crowded space. this live streaming space but they can afford to be big player, and spend a lot of money to get to be a big player and that's what they're doing so their clout will continue to increase, and you know, i think that actually i think conservatives need to really stay attuned to what their policies are, and demand some, you know, accountability from
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facebook because you cannot have what may turn out to be the biggest media player -- >> argue biggest media player -- if you take out politics with the right thing a wril i can't most of for them a $10 billion space in terms of digital online video ads space. so -- can't afford to be wrong or take the wrong turn. they can do an ad share and do a lot work for them. the queen with the first time in two years i'm grateful for mini digital message was good will i have received and like to thank you all for your kindness, elizabeth r.. >> i love it. >> twitter -- [laughter] >> well with the queen has to say than twitter . ping as far as twitter is concerned it is really a dead cat bounce and if anybody will buy it good luck . otherwise not a stock i have any interest in. >> amazing tool and media tool and unfortunately no way to make
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money on it yet. let's check shares of amazon didn't have to make money but afforded everything because they have great management there. intrusion an all new kindle at $80. i don't know. i'm not sure of kindle do you le the stock overall amazon? >> stocks is expensive to me. i would be allowing it and keep thinking it is going to come back down. love to own it and in the long-term company is stellar and it is eventually all of the businesses yet remains to be seen but they're going to do it. it is bril i didn't and business model plural are where -- that's where everything is happening. cloud, and you know e tail. so brilliant. >> amazon is a beast bottom line a beast, like you i've been in it a lot. we took profits not that long ago and hoping gets occasional dip but it hasn't happened in a while. one stock that is dipping, though, from disappointing outis look adobe. stock getting hit that is down
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4% right now, and the opposite end of the spectrum higher profits getting a boost this time from first time home buyers by the way less than 40% historically 50% this could be a good sign for the overall housing market. had a pretty good number, and also focus on housing area sell to la-z boy furniture stocks do well these guys had a pretty good number. now profits higher from sales disappointed but you know i think investors thinking turning the corner there just a little bit. and in the meantime mcdonald's actually closing its doors and china there's some talk of maybe selling them also to a local entity. follow that up as well. what's the story? >> hewlett-packard is story of evolving company they separated from hewlett enterprise to focus on this precincting business and they have to reinvent themselves. they have changing taigs of
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their consumers about what they've done is sold off asset to reinvest that money into the printing business and also in their marketing. that being said they did give their profit outlook. they reiterated that four-or year forecast but, obviously, some caution on this one, however, it's worth noting that they sort of birating on this stock today, and for 15 dollar price target up from $13. tfnlgt they get the benefit of the doubt. good ceo but i don't know how the company works that long-term. thanks a lot nicole come back down in a nines and check with you solar city again, it is a big winner tesla offering to buy or there 2.8 billion dollars. i know threat aren't your cup of tea these kind of stocks. classic momentum names particularly tesla now getting their -- multimonth lows perhaps multiyear low soon. would that entice you? >> no. sure that's been test and made a lot of money sorting solar city
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over the last couple of years. this deal doesn't make any sense except if you're a city holder and withstood all of that pain or for so long. i'm not sure how the deal will work at 2. 8 whatever had final number will be. i don't think that shareholders are going to be happy with the price but has to get to mid-u 30s and that adds a heck of a lot of debt to tesla books. >> shareholder has to vote on it. accusing elon musk owns 20% of each company and they say it is tough equity capital raise and add on debt to do this. i'm not sure where they are. but two companies they can simply did a deal. >> irony is wall street biggest concern with tesla is being able to meet demands for these cars. right, so that should be -- >> and build the charging station and build the battery factory. a lot of questions for monday -- >> hillary will build a charging station. that's the end game there. check on apple they're ditching headphone jack with a new iphone 7 so apple a lot of the people thinking this 7 won't be
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the save yore. >> it won't. not exciting here. screen size is expected to be about the same. i don't know if there's anything spectacular coming down the road next update is probably 2017 that's a ten-year anniversary of the phone. so they're expected this. i don't think this year will be anything. and is to stocks whether iphone buyers get annoyed not a separate headphone jack but merged one jack to charge had then for headphones. but they may have to buy the the headphone and a new headphone. it's crazy. >> but i've seen this command to next one. 8 looks interesting but on this one maybe addressing issue that you told me you were upset about. haven't done much with the beats acquisition so something that really is getting you upset maybe it was this. >> it was there. [inaudible] i don't even have a computer charles. so i'm not into iphones or any of that stuff. but it's fascinating watching you guys discuss it because you sound like geniuses, gosh i love these companies.
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i own a little tesla i got worried about you shortening it. what can i say? it's great seeing what's going on in these markets and two years from now companies will be doing a lot better. >> here's the good news art in the last four years a huge renaissance in album sales welcome classic and only a matter of time before they come back and -- start to come back. >> i got a big, big case of cream oil so just so you know. there i am. >> what? >> get to sports here for a moment because three professional athletes defrauded out of 30 million bucks. a ponzi scheme ron by shaw. listen in this case, i think they felt like this was on up and up but from a personally about 15 years ago if i met with a bunch of professional athletes in new york city, and i was trying to do a deal with them and what they wanted was unreasonable. people have promised some things like 10% a month and that's what they wanted. you know, obviously, no
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reasonable person in this business can offer that. but it a degree i'm not sure this what happens here but to a degree sometimes guys all of their lives they have around the them. someone come to them and promise them the moon. >> might be the case for some of these guys. >> not this particular story. but a tragic story in terms of trust and those folks all cheated badly and based on faith, they volunteer their money hoping that it was going to go to good purpose and they were going to get a nice return. this was, obviously, a case of fraud and it's tragic and they're trusting athletes. >> a message perhaps to make sure when you do deals that these -- entities are backed by a larger firm where you can actually file a lawsuit and recoop your money if they go under were your money you probably never get it back. >> that might be part of it but i like to see the actual, leagues themselves provide management services where the athletes can -- >> educational service and then
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we've seen some get em bedded in those programs as well. >> thanks to art, liz and cheryl. a big board again, somewhat had of a lackluster opening but building momentum. remember unpredicting with a british yes vote say remain vote we're going to get a huge move in the market breaking key resistance numberss to the outse but lackluster guy and go back down to nicole to get more details to find out where shares are. >> they'll do particularly well with economy moving and people ordering more packages. stock down downside 3.5%. they know the they're going to increase their capital spend big 6%. a few things they're doing, increasing their ground operation. updating their aircraft fleet. thref to keep up with the heavy volume that they're experiencing from online. the ceo fred smith sound very positive about the millennials how they'll keep shopping at the stores and online, and online
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accounts for about 10%. it's going to continue to grow and, of course, they have to note that amazon is a valuable customer. back to you. >> okay thank you very much nicole back to u.k. volt vote and whether or not they decide to leave the european union and those citing growing concern including major influx of migrants. i want to bring in parliament member liam fox leading campaigner for the the lead campaign. mr. fox, and last week or so, the shift in the polls and a month betters gone to remain. not sure how much of that had to do with the sad death of joe cox or how much last minute deciders deciding they're more comfortable with the way things are. why should things change? why are they making a mistake? >> this campaign has been really neck and neck and i think it is going to end up neck and neck a genuine divide among british people about direction of our
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future whether it's best in the era of global to be agile and control borders and our own money or closely tide with the your european block. i want to leave because i think that a sovereign free independent nation is able to control all of those things lawing with borders and money and i think that concept of the spiewp national body which is increasingly centralized with big government, big taxes more legislation, and so-called harm monoization belongs firmly in 20th century not the 21st. >> to the point this -- e.u. go back treaty of rome an attempt to sort of get the your european nations to consolidate their might to consolidate muscle while that -- you know goes back to the 1950s, the fact of the matter is that continent is falling way behind and next 100 years that looks like it will be the united states it looks like it will be comien.
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some of these asian tigers, how does the continent compete in a world that seems to be moving past that pretty rapid rate? economically it is saddled with the catastrophe that is the euro single currency never properly fought through. wrong country allowed to join. number one task facing the country in the e.u. especially in the eurozone is to derisk before it is a contaminate of financial global security. it has huge impacts on the social problems in europe social fabric in europe is in part. high level of migration from southern europe to the north especially from greece and a italy, spain, and portugal, and there's no real economic future for those young people and i want britain to be a part from that. i think that staying in the european union is the political
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equivalent of handcuffing ourselves to a building that is already been prepared for demolition. >> you remember at one point the former secretary of state or for defense. now there's another element to this vote that doesn't get much press. but a lot of people concerned about about this security aspects of it. the future of united europe against not only against the rising threat and wave of terrorism but traditional foes like a renewed robust and very aggressive russia led by vladimir putin people are saying that's another reason not to leave this -- e.u.. >> i don't believe that to be so. i think our strength comes through nato. i think what we have to have is a policy in the west in general certainly led bit united states and stopping appeasement of russia. russia's behavior has been reenforced by the fact you have a cyberattack and did nothing and invaded georgia almost did nothing. next crimea did almost nothing. a nato issue here, and the worry
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i would think from an american perpghtive is the fact that there are a number of people in europe who have all we've seen -- the nato has a block to ever closer union plan for europe because it denies them that political space and ept nato to continue to be the bed rock of our support not understanding european union. honorable liam fox thank you so much for your time this morning. >> "varney & company" has a special coverage, in fact, we'll watch this british exit boat. how close well tomorrow begins at 11 p.m. to 1 a.m. eastern. this is where you want to be. now, a terrible story told on capitol hill. escaped isis sex slave tells story to congress still the obama administration won't call it what it is. radical islam. and we're awaiting donald trump to talk to hillary clinton a major speech expected at 10:30. we're going to take you there as soon as it happen hads also we have brian pagliano set up
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private e-mail servers will testify today to traditional watch. the question is will he answer any of the question or will he take the fifth? but the bottom is him being there and have some negative implication or for hillary clinton. we have it all for you when we come back. you both have a
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>> back to the news we broke earlier, a federal judge in wyoming strikes down president obama's ban on fracking on public lands. our judge andrew napolitano sheer. wow, so that's a big book. >> a big blow for a couple of reasons. it's an indication of the fact i can tell you this when you put on a black robe and have a lifetime appointment, you do the right thing even if it's against wishes of the people that gaveout black roan. robe this is a president obama appoint federal bench who basically says congress has not
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givens bower row of land management the authority to regulate fracking on federal lands. now these are federal lands least to private people that. the to use the federal lands to their highest and best use. they look to the regulation of the state in which the lands are located. bureau of land management came along and tried to big foot the state and said we're going to put in regulations so fracking which, of course, under this administration would ban all of fracking state of wyoming said wait a minute eastbound though it's federal land fracking is always regulated bit state and permit it under these guidelines so we've given guidelines to the land an can't resolve and ends up in front of president obama appointee who said wait a minute this is pretty basic. congress is not giving the power to bureau of land management it is always reside in the states. bureau of land management can't create its own power. and going to enjoin them, prevent them perm significantly
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from enforcing their own rule. look for this to be appealed but in the interim it's a major setback for the obama administration and the ideology that underlies. j although i think that had a lot of these projects were put on hold you know awaiting for this trial. so -- >> because of the potential cost that would be wasted if they began fracking project and then they were joined once they were down in the rt. >> real quick last one because hillary clinton former pagliano going to testify today about his role with hillary clinton's e-mails, what is anything going to come out of this in you should watch by the way we have to give a shotout done and amazing job. >> unbelievable job of keeping the federal government's feet to the fire. this case former federal government people. he's going to take the fifth amendment. we know that because we went to the federal judge presiding over the case and said, here's my immunity. federal judge wouldn't let us see it but he looked at it and he goes this is bona fide you
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can take the fifth amendment but they have a right to ask you the the question so we have a videotape being asked every question and refuses to answer anything. >> thanks a lot you're coming back a little bit later. >> he is mrs. clinton most potent weapon against her. >> oh, boy. well i tell you what it won't look good even though he'll take the fifth and believe me in 30 imloins may hear about that and a lot more because donald trump is going to law firm his latest attacks on hillary, of course, we're going to bring that to you live also happening in next hour, hillary clinton meeting with house d democrats going to rally the truth before the convention and you can. the to hear had her go after donald trump once again. by the way speaking of democrats, they are demanding, quote, fair tax so what had exactly is their version of a fair sphax? we press one of clinton's economic advisors. giving us an answer ron paul has one, and that's in the next hour.
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charles: two things. donald trump will be speaking in about 30 minutes in new york. this is his latest attack on hillary clinton. you can expect fireworks there. also expecting hillary clinton any moment on capitol hill with house democrats appear to bake our politics all over it. right now we do have breaking news. just getting the latest read on the housing market. existing home sales with the headlines. charles: coming in much the next acted good markets looking for 5.54 million the last beers delay solid number appeared mortgage rates trending down to historic lows at 2.53. with also underpinning the market for home sales which is two thirds of all home sales, first-time homebuyers stronger than expected. charles: a long way to go. the needle is starting to move. thanks a lot. want to get back to the election. we will hear from donald trump in this hour. want to bring in donald trump's
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campaign cochairman sam clovis. listen, the mudslinging big-time yesterday. as donald trump going to pick up on this theme were surprised us to something more policy oriented? >> i think we'll probably get the affairs that we are going to talk about the character and the fitness of mrs. clinton to be the president of the united states based on actually her performance in public life. this is an interest mean approach. i think a lot of people are familiar with a lot of the episodes individually. if you are able to put it in a speech and see that we have a pattern of behavior, it goes right to trustworthiness. that is what is going to be part of this underlying theme. today is not as important as they get further down the
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campaign trail that we have each side to present themselves. as opposed to against the other person. >> some people think people vote for someone rather than against someone else did having said that. donald trump took to twitter. he regretted some lovely comment today about the lawsuits about trump university people who comment she's got -- the same in public life so long. >> i'm not sure it's the exact content of the speech will be. donald trump does a remarkable job on these issues.
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when it comes to the other issues is business. the laws are in place for a reason. so if you are following the lousy stay within the bounds of the lot. there's not very many people who've never been in business that hasn't been charged at one point or another. i think a lot of this. they will be above our understanding of mr. trump been a lifelong businessman and all the things he's gone through. look at all that he's done. he's created tens of thousands of jobs and all of these projects is performed 100 companies are more and gone throughout this process. and i think that people see that. charles: on that note, you are right, the bankruptcies are a bankruptcies are almost infinitesimal of the overall
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businesses in having said that, it is donald trump in the latest poll this week, we get one every other day. what we are hearing is we want to shift away. i know it's going to attack hillary. some people say this is the reason cory lebowski was let go because sometimes this mode of attack brings out the sword of trump that could go off the rails. why not focus, why not hammer away on the economy, job creation, terrorism to areas where he ranks wrongly and to build up from there. >> i think this is where we are going. we've had some growing pains right here. all campaigns go through this. i don't think there's been a presidential campaign for the last 70 years that hasn't gone
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through this and been well documented. what we see today because of media coverage and celebrity at the candidate, we see a level of scrutiny unprecedented in america. what we are moving to, and i couldn't agree more that things we need to be pounding on our growth in the economy. you have my friend, art laffer on earlier. this is the thing we want to focus on his economic growth. we want to focus on trade and getting our trade balance is back in shape. we want to work on energy independence. college affordability. k-12 educational opportunities and how i look forward on that. health care reform. all of these issues that matter to the american people because they put dollars back in their pocket and removes the uncertainty the administration has placed on everything. just going to talk about markets for a second. equity markets are hugely inflated right now. i'm really concerned and have
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been for a couple years teaching classes in dealing with issues that the indicators to meet arafat this is a huge bubble and a lot of other things underneath it give me pause. he continues to raise uncertainty that we have in our economy today. we need to get rid of that. the best way to get rid of that and get a president involved. congress turned in the right direction. let's get fiscal policy. the time has never been better for tax reform. tax reform has got to be one of our best priorities. charles: i don't disagree with you on all of that. we need a leader that inspires americans to take the risk associated with the recently became the most amazing country in the history of mankind. i want to break in for a moment because we've got breaking news and looks like it's official. scuttlebutt about marco rubio. it is official rubio will seek reelection for his senate seat in florida.
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charles: that is key to senate majority. donald trump tweeting run, marco, run after an embarrassing loss at his home state primary where he lost nearly 20 points behind donald trump, only retaining one county in miami-dade in the primary. >> equals higher than the rivals he may be facing. all the other republicans didn't. i like to go back to you quickly on this because there's a quinnipiac poll out yesterday that shows its romantic shift in florida to hillary clinton. 43-42 a month ago. 4739. great news for the campaign. before this i heard he would attend the convention, that he supported donald trump. now that he's running for the senate, he'll enthusiastically endorse trump and try to bring florida along?
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>> i think so. senator rubio is a great guy and i've had a chance to get to know him the last couple years. he's a great senator for the state of florida. we are going to see about warren says. a lot more republicans start to line themselves up behind mr. trump will start to see a broader friend, a more purposeful, delivered an intentional front on the part of the republican party because the alternative is absolutely the thing about the alternative if we were to have another democratic administration particularly led by hillary clinton. >> a lot of republicans want to see the exact same thing from donald trump. i want you to hold there because i want to get back to the market. check on the big word. we opened up a little bit cautiously climbing our way higher. the dow up 44, 45 points. not a surprise right now. looking at all 30 of the dow
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stocks about four fifths higher. the majority hp hewlett-packard raised the profit outlook. the shares are moving lower. of course we talked about it this morning. solar city, tesla for $2.8 billion in profits from winnebago a higher sales disappointed in the amount of stock was higher in it plus column for right now. we've also been following the stocks of the big reddish names ahead of the vote. a lot of them making huge moves, rebounding this week to the upside. on that note, let's go to our very own ashley webster in monday. what are the odds today about the bragg safe? -- brexit. ashley: it appears to be on their main site. in some cases it was 94%, that the remain side would win. people live to the poll takers
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in the in the u.k. not very accurate at all. although it seems to be certainly on the remain side. the last day to persuade those dylan decided. the daily mail as expected to endorse the campaign with a headline that says live or great feature outside a broken, guiding your. if you believe in britain, without leave. her majesty reportedly asking close aides and dinner guests to give her three good reasons why britain should leave the european union. the queen is extremely neutral in any issue. does not get involved at all. buckingham palace not to throw stories are being written. it appears her majesty to be leaning towards getting out of the european union. >> world to yesterday gave it back on. i got real royalty. thanks a lot, actually.
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the british accent to begin at 11:00 p.m. and takes you through to 1:00 a.m. is time. now to the fight against isis. startling testimony from a sex slave who escaped captivity and described to congress the horrors she asked. watch this. [speaking in -- [speaking in native tongue] charles: alum (-left-paren executive director of the national center for policy analysis. colonel, even she said it's all about radical islam. she is pleading with the west, not necessarily to discriminate against the entire religion, but
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atrocities are committed in the name of the religion and its incumbent to step up and fight back. the left refuses to address the worst radical islam. why? >> well, i think what you see is this obfuscation, in order to not confront the enemy. when you have the white house spokesperson, josh earnest, say the whole thing about same radical islamic terrorism and jihadist and is a republican talking point. that shows they turn this into a political match instead of the enemy. the organization for islamic cooperation in their last meeting method of dealing with islamic jihadist in terrorism, at the top of their issues with israel to palestinian plight. when you look at someone like the president of egypt and despite he is having, that's when we should be supporting.
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if we really want to stand up for islam, we should make sure militant islamism, by the jihadist and should be destroyed and we should be bringing in allies such as sure again in president, such as the kurds and others willing to stand up and fight. we don't hear those voices. >> all the military experts say we've got to cut off its head. we've got to destroy places. the de facto headquarters if you will. that will require allies. to your point, the administration let down with crazy time tables to get out with the existence of not helping how they were going to step out. we as a nation led by president obama are taking this as seriously as any to take it. by what they put plans on the line? >> you just hit the nail on the head that no one is going to follow someone that won't admit
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the existence of his enemy. when you have attorney general will read a ledge thing she will defeat islamic terrorism with compassion, unity and love, no one will take a battlefield if those are your strategic imperatives. the fact that iss has a center of gravity, they still control territory there in iraq and the city of mosul. the fact isis has a news agency with radio broadcast is absolutely insidious than that shows we are not too great a man. we are not denying them sanctuary and we are certain they not attacking and undermining ideology. charles: thank you very much. appreciate you on the show. donald trump is going to make his much-anticipated speech against hillary 15 minutes away. congressman chris collins republican from new york. you're the first donald trump
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supporter in congress. trump is campaigning saying this is a new campaign. they've made to pay that. would you expect in a speech? how much of it as evidence of the so-called pay that? >> you know, that is hard to see. the speech he was going to get last monday was not given because of the tragedy in orlando. i expect without going factually that the contrast of his private sector -- sector experience versus hillary clinton has been a career politician his whole life and now she and bill have made themselves extraordinarily wealthy without oversight a paycheck or creating job. this is going to be more or less the speech he would give last monday. charles: i'm sorry i just have to jump in for a moment. hillary clinton is approaching the podium in escorted by nancy pelosi. we just want to take a quick
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listen. we are not going to listen, but we do want to watch this for a moment. this morning she had a closed-door meeting with house democrats. this is the beginning going in. highly anticipated after yesterday's comment. sorry. didn't want to cut you off, but i wanted to alert the audience. representative collins, here is the thing. the donald trump campaign has really been torn. it's been at odds with itself whether it's others the reporters paul ryan to sort of become more presidential. although those things did work in the primaries, is there a sense that is happening? we saw the fec financial disclosure document. 42 million bucks. some people question the spending of that money.
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a lot of it going to trump entities. today's event at trump soho. we have "crooked hillary".com site set up. both of set up good rolls off the tongue but there's nothing there. this appeared to survey. >> i do think, charles, it was unlike anything we've ever seen and now it is hillary versus donald. it is a binary choice america has got to make. who is going to fix our economy and a fee basis? donald trump wins resoundingly was more trustworthy. the message went and make america great again for all americans. put america first, defeat isis. secure borders and bring jobs back. it's amazing message to deliver. i think now that we are in the general election and paul manafort is the one calling the
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shots, i believe you'll see donald trump a little more disciplined. if you leave off every speech or mining folks who make america great again put america first. that's a contrast to hillary that is so evident. you don't get a lot of money to deliver the message. she is a dishonest individual whose line drawn pockets not through hard work, but peddling influence. i think you'll see the attack on hillary, but i think you'll also see the contrast in jobs in the economy, terrorism and who can you trust. charles: sounds like a winning formula. thank you very much. >> good to be with you. charles: same here. we opened up 20, of 55. grinding it out. a little anxiety there but to the upside breakout. your morning gold report. gold has been in the ms. the last couple weeks because we've got 1300 number the way pullbacks instead.
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as the polls show that perhaps the u.k. will say some of those gains that we saw. check on the price of oil. up 41 cents right now. 51 now. magical numbers are resistant number if you breakout we should see a market driven move. another look at trump soho in new york city. moments ago we saw paul manafort at the microphone checking it out. they looked into the audience. everyone is pretty excited. we will bring you there as soon as it begins. meanwhile, stuart yesterday got so fired up talking about taxes of clinton's economic adviser gene sperling. if you didn't see it, watch this. >> you want me to pay you 60% of my income to pay already? do you? >> alltel you what hillary clinton would like. >> if i made a billion dollars a
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day come you don't deserve 60%. >> if you feel the same gray, how do you think middle-class americans feel? >> i know how they feel. >> is it fair? is it? >> i'm not going to answer about your tax situation. charles: fiery and emotional. republicans of texas, former congressman, ron paul. you might fit in somewhere in the middle of those fireworks we saw yesterday. >> i don't know if i'd be in the middle. >> this tells you how unfair. who's going to design fairness? i think big government is unfair. when you have a government come you have to have taxes.
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taxes are unfair. the income tax is the worst kind of tax because it's based on the assumption that government owned to end it owns all of your income. 1% or 99%, the principle is the same pay some people argued against the income tax early on. when you argue percentages, they are missing the point. two people in our civil liberty should be protected but economic liberty should be good. we have a alive, our life, right to the fruits of our labor. this idea of fairness is terrible. it's opposite of libertarian thinking and what it's all about. charles: there's no doubt about it. when progressives talk about taxes and changing tax policy, they talk about their lost revenue as if they assume all the money created in this country begins and ends with them. whatever peace brigade, that's their benevolent.
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having said that, we heard hillary clinton yesterday talk about creating an economy with higher wages that creates more demand and supports higher wages paid she calls that are virtuous cycle. what is wrong with that? >> it is all fiction. the downturn, a lot of things people don't realize there's a downturn in no nine and obama gets blamed even though the downturn to set in motion years before that. the boom leads to the basket with had a boom in wall street because we've had a lot of money printing but the middle class hasn't been helped. the boom has the name, but the recession is devastating. i devastating. no matter who devastating. i matter to you that as president, there is a downturn and the only difference can be made is what you do with it. you can end it sooner. if a republican does what they claimed about lower taxes, get rid of regulation. the recession is coming at trump
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gets then and there is a bad recession for a year, he shouldn't be blamed for it. we drift away into this partisan stuff rather than the economic philosophy on what the federal reserve is doing. they do that to accommodate the people who want the welfare futures. we will print the money. we spend more money, run up more debt and print more money. that cycle has to be broken. it will be not because we have to enter into washington d.c. it will end because it's not a viable system. charles: that means it's going to end as ugly as possible. at the center of course, the back-and-forth between hillary and trump as the economy intact. donald trump says he would give a massive tax that if he were president. take a listen to this. roll tape. >> hillary hasn't raise taxes. we might give a massive tax
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decrease to people in business. charles: congressmen, lower taxes, supply-side economics. with that create the growth this country needs? >> it might have. i was voted for lower rates. i want to do something structurally to change that. by changing the rate and who pays, the one thing about changing the rate as they say that will stimulate the economy and the government will get more money. that's our problem. they get the money and spend it on wasteful things. it doesn't make us richer at all. we have to think about a monetary policy designed to allow the market to work. for instance, the most thing anybody could say to get me interested in what they talk about is we want to get a fad out of this notion that they know what interest rate should be. if it goes to zero doesn't work, that's crazy.
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something introduced into a system out of desperation of the central banking system of the world. central banking is on the ropes right now talking about brexit and other things that are important. ultimately it's the nature of money and managing an economy through monetary policy that the real culprit. they are totally dependent on that. charles: havoc on down the path so long. $10 trillion of sovereign bonds with negative rates. germany negative, japan it. a lot of people think it is inevitable we will have negative rates at all. use the word word desperation. what about the word aspi of a politician would say hey, i want to go in and do certain things that will bring immediate pain, but also bringing out the right way. charles: the consequence of that would be immediate impeachment because it wouldn't be politically palatable.
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the papers would resist it the establishment and deep stay with us. the complex would resist. it would be too much resistance. it is going to end badly, but it does not the last 15 or 20 years. already in this recession. japan is still a mess because they haven't accepted structural changes necessary. what we do after it hit her in the middle if we don't change anything structurally, get back to a sound monetary system where people are saved in interest rate are not designated the market and not somebody in a secret room saying i know what the interest rate should be. charles: they are flipping a coin. congressman, stay there because he made some great points that we still have donald trump's city of clovis with us. i know you've been listening to congressman paul. we talk about the desperate nature the trajectory, if you
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will, of this country and how some things are inevitable like this whole thing blowing up on us. donald trump's position with respect to the federal reserve. he's talked about getting rid of janet yellen. what role do you think the federal reserve will play on the trump administration and will be put more pressure in the more accountable? >> congressman paul i think has got this absolutely correct. the fed has far too greater role to play in the economy. i also want to push back because i can conquer his is ultimately responsible as well. talking about structural change and i agree with that. structural change has to come at the factory of budget discipline with a hard look at spending and what we spend it on. how much fraud, waste and abuse we have out there in the excess of government. i also think we have to have a
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fiscal policy that is complemented by monetary policy instead of the other way around. we cannot let the fed drive the economy. the fed is in no way, shape or form capable of driving the economy. because it had no activity on the part of congress to fix our tax structure and a president who cannot spend money fast enough. but fed is left with no other alternative. they have nothing left. the thing we been talking about this for years, the fact we have a central banking system around the world pushing this quantitative easing and it's the worst possible thing they could be doing as a poster showing budget discipline in coming back in here and taking control of spending. this is something we haven't done. i hope congressman paul would agree with that. charles: before congressman paul gibson, we are looking live at trump soho, live at the podium. a couple of days.
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donald trump will be using the teleprompter today. i thought the and eric are already there. the topics hitting hard, hitting really hard, the clinton foundation and hillary clinton's ties to saudi arabia. i think we saw some of that about blood money overnight. we will probably get more details on that. also releasing some information about hillary clinton and also the clinton foundation. we know there's been some hacks, those things coming out. also, as cnn's poll a lot of information there. one thing it seems to me i would be concerned about is more and more people were saying the clinton foundation matters and it could help them decide who they will pull the lever for. >> again, it goes to the fundamental point of trustworthiness of the
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candidate. here's a person who has become incredibly rich by peddling influence. she hasn't sold anything. she hasn't done anything. but she sold influence and this is one of the reasons that people will find are untrustworthy and mr. trump will be the man they go to in this presidential election. charles: i want to bring in if elizabeth mcdonald. liz: as the fed did to politicize? that's my question. >> congressman paul, i think i know your answer to that. also -- i'm sorry, we will get back to that. here's the thing and hillary clinton with the foundation, with the money. she ranks right now, her ratings with women is extraordinarily well. she was struggling initially in the democratic primary process with women. and the most recent poll shows
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that 53 to 38%. i don't know if there's a mac to connect a lot of these donor and i guess donald trump is going to try to educate the public on this kinds of things. >> well, charles, you're absolutely right and elizabeth, great to hear from you. but here's the issue that we have to face and this is where we have toking out with message. the message has to be about the economy and about making people safe in their income, safe in their homes, safe in the hospitals, and safe inside this country. and i think when we start to see the women that are in the households, they're single parents or in relationships in the households, we -- i really think that's going to connect. because of the security is the biggest issue. if you can take care your family, and you can put food on the table and a roof over your head and drive your car and go to work, those things matter. you're going to be in pretty good shape charles: yeah, and we're talking from an economic point. saudi arabia. speaking of saudi arabia.
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liz: yeah, we have oil right now reversing gains smaller than expected. 900,000 draw down barrels. wall street was looking for 1.6 million draw down. this is a surprise that oil markets seeing a reserve, trading are $51 a barrel. crude oil inventories, charles, on average are higher than they were in 2010, 2014 period. charles: well, above historic. liz: well above. and also gasoline as well. charles: thanks a lot. again, we're waiting on donald trump. he's about to come out and speak at any moment. you can see paul manford was there a moment ago, he's going to use the teleprompter. and on that news, paul there, i know occasionally he'll go off the prompter and the off the cuff can and works.
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how confident are you that today will mark the turning point with respect to donald trump to the point where some of the reluctant republicans who have been sitting on the sidelines will a lots that reluctance and chip into the campaign. >> i don't think today is the pivot point. i think we've already started this, and i think we're starting -- in the more precision we have when speaking it lends itself to the point when the media takes apart the speeches, they have to have the exact quote, and it's right there. societies the impromptuness sometimes that leads to artful presentation it doesn't matter if it's my candidate or any other candidate. i personally have done that myself. got out there and misspoken at times, and you really oftentimes sit there and, well, that isn't what i said. well, yeah, it is. but with a teleprompter, you have precision, and precision is important particularly when you're delivering important messages, and i think today is going to be an important message. liz: here's the thing. we've all known about the 19-state blue firewall for the
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democrats, where it's really has had for the gop to break in those states. the trade policies of donald trump, you know, have been under fire. fears and hillary clinton saying this. that if you do what donald trump wants to trade policies that mexico and china could retaliate and slap our products with a lot of tariffs. i get it you want to get that voter who feels they've not been in this recovery tall. bill clinton when he was in office. so how do you speak to that that mexico and china, you know, they could retaliate if donald trump gets what he wants here. >> well, elizabeth, we have to take a look. let's look at the world trade organization, the imf, they have excellent policies in place. but they have no enforcement. and all we're seeing is let's enforce the rules that these people signed up for. so we want to make sure that we do that. and frankly if he start talking about tariffs and a lot of other issues, those are
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consequences of subsequent actions. that's not something that we're going to come in and slap a 45% tariff on everything made in china. that's not going to happen and that's not what we're talking about. what we're talking about is we want people to follow the rules. and if they can't follow the rules, there are regimes and rules in place and we want those enforced. whether it's wto, imf, or our own congress, we want to make sure we level the rules so that the extent policy -- america should have a negative trade balance. we know that. because that is a sign of a great economy. because we are able to afford to buy from overseas, and we have that opportunity. if we have a weak dollar, that helps us with our agriculture. it helps us with all of these other issues. so all of these things that appear to be on the surface that we want to have all of this activity, what we're really saying is let's play by the rules, give the
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opportunity for the market to truly work. and if the market doesn't work, then a government has a responsibility to its people to make sure that we do all we can to level the playing fiel f. charles: and on that note of course the big beef has been with nasa. that's a more local issue. people feel it. and that's of course simple people are going to be focused on. sam clovis, thanks a lot. really, really appreciate it. a lot of great information there, and we'll talk to you real soon. in the meantime, folks, donald trump, you're looking at the stage right now. he's about to get up there. and joining me now, we're going to discuss this. we've got trump surrogate senior pastor ar brennard and todd. todd, i want to go to you first because you were at the evangelical meeting yesterday. what's your assessment of how it all went? >> i don't think it help him much. i don't think it hurt mr. trump all that much. many evangelicals, though, are still very concerned, and they
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have many concerns about donald trump and the positions he holds on the culture issues. the fact of the matter is this, though. some of those evangelicals donald trump could get baptized, and it still wouldn't make a difference with this folks. i think he does have support from folks like robert jeffers and jerry jr. franklin graham had positive things to say about donald trump, and i think those folks, their opinion is going to carry a lot of weight in the evangelical community. charles: pastor, you -- you were at the meeting also. >> yeah. i was at both magnets meetings. the larger rally and a smaller meeting before that. charles: the smaller meeting, i saw something in the christian post because there was something that rink he would a few people with donald trump saying not to pray for everyone. you know what i'm talking about? the idea that you don't pray for everyone because whatever his idea behind it was. but that seemed to wrinkle a lot of people who thought that is the cornerstone of christianity.
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>> well, that is the cornerstone of christianity but we're dealing with donald trump. and i don't think that came across clearly. charles: todd, i know when it comes to these issues you have been an outspoken critic of donald trump. i think it's things like that being 70 years old, never having acts for forgiveness, those kinds of things. did it sway you a little bit. not maybe you had an epiphany but maybe something you didn't see before. >> i was a little irritated with the meeting to be perfectly honest with you, charles. and i have sources that tell me the original intent of this gathering was to have a conversation but, in fact, it was more like a scripted campaign event. the questions were preselected, prescreened, and those questions did not delve into who donald trump is as a believer in christ. and that was, again, supposed to be what was happening at this meeting. a conversation behind closed doors about issues regarding
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faith. charles: and we have boris epstein here. a donald trump surrogate. donald trump had great success with the evangelical primaries. if you drill down, you found he had less success to this who went to church regularly versus folks like me who don't make it every sunday. but having said that, he's got to still get perhaps a larger percentage to be competitive. at least that's what experts are saying. because this is a group of voting block that not only shows up to vote but also help to get out the vote. >> of course. the key for donald trump is sticking to the message. and what's that message? the economy, national security, foreign policy, and those are points that are attractive to everybody. people of all faiths. all backgrounds. all socioeconomic pogs. so that's what he has to keep talking about. the meeting, he's taking the time, approaching that community very strongly. if dealing with other communities across the
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country. charles: that's all fine, and i know the talking points but i guess the question is, though, is is he taking time to preach to these people? or taking time to listen to people of different -- who aren't necessarily onboard with him? whether it's evangelicals who does have great support or other groups? does he take time to listen to their specific concerns or is the message, hey, i know what's best for you because we've gotten that for the last eight years, and it has ripped the country apart. >> he's gotten into the country from being a politician a year ago away and challenged things like the minimum wage and say it shouldn't be raised federally but that could be state a state. and that's from a result of interacting with people. and that's on economic points, religious points, social issues, you've seen this across the board. he is someone who does listen and not a candidate like one way or the other only change her position if she sees the polls moving.
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listens of real people and then makes decisions. charles: i want to alert the audience that the podium, donald trump is going to be there. going to use the teleprompter today. he has a specific message to hit hillary clinton hard and her ties to saudi arabia. you like that? >> absolutely. we were talking about this yesterday on your show a,charles. the clinton foundation said when she became secretary of state, the foundation would not take any foreign money. they have taken over $50 million from saudi arabia, kuwait, cutter, that is huge piece of information that the american peoplan need to know when they decide who to vote for for president. hillary clinton is someone who over 40 years through whitewater, the white house, being senator, and being a crooked secretary of state has shown for regard for the rule. no regard for the rules of law, no regard to the rules of state department. but she won't be because this information is going to be out there and will use it when
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making their decisions. charles: all right, pastor, i want to come back to you because we didn't get a chance to get into detail. your assessment of the meeting yesterday. now, you were more or less a trump supporter going into the meeting? >> yeah. well, you know, he called for advice. number one i'm impressed he's reaching out for advice. that says a lot. and i will tell you i'm more impressed with the first meeting we had because that was a real conversation. i mentioned to him in the meeting the reality that the millennial african-americans and genxers are not the same as hillary clintons. they don't have the same fear at baby boomers. so that's why so many of them gravitated toward bernie sanders. when i said this to him, he had no idea of that reality. the millennials are looking at the 30 billion-dollar bill clinton signed into play and how that inspired -- i use the word inspired carefully, the
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massive incarceration of african-americans. charles: right that's when we saw the now infamous scene with bill clinton two months ago and black lives matter. and that was their issue is, hey, you signed the bill that set up a record amount of incarceration atwhile your friends in wall street were lining their pockets and theirs really hardly doing any time. how does donald trump take that from a conservative position and wee make sentences shorter? do away with mandatory sentencing? what would he do not to alienate the hard-core conservatives. some would say we have to be tougher on crime. not less tough. >> well, that's the thing. as a result of interacting with me and others in that room, he was exposed to new information. now, he has the opportunity to do something with it. not just the mass incarceration issue. but the fact that under
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clinton's administration; right? he reduced by $17 billion funding for public housing. but boosted $19 billion towards correction. and the expansion of correction facilities. so this is what the millennial african-americans and genxers understand about clinton. charles: the genxers with hillary clinton moth polls doing extraordinarily well with them. it feels they're up to grabs as you point out because they were in the bernie ban wagon. he has come out to endorse her yet at all. how does donald trump recollect a message to them when my son is 19. he goes to school in london and he's in a circle of friends in the united nations and girlfriend is from sweden, his best friend from england, other friend from egypt. he doesn't like the idea that maybe there's host i let toward other people. >> and that's why these meetings are important because it gives trump the opportunity to understand.
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he's got to adjust some of his rhetoric and hyperbole if he wants to grab that segment of the vote. because, look, the reality is it could be a small margin and the community of color could just be the tipping point. charles: especially if there's a couple of so-called swing states where they will be very important, pennsylvania, virginia, ohio, those kinds of states. and of course florida where we've seen -- i'll ask you about this in a minute, by yourself, a huge shift toward hillary and a lot of people think it was the judge comments. we're getting the two-minute warning? we've got the two-minute warning. real quick iraq and here's the thing, by yourself. mitt romney had a better funded, more organized campaign than donald trump right now. and he lost against massive democratic messaging machine. and donald trump now heading to scotland to promote a golf resort later this week. there's no votes in scotland. that's the criticism. so now this is -- it feels like a do or die moment where donald trump is trying to shift the narrative and do hard-core present a winning
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case against clinton. >> there's not a do or die moment five months before election. liz: problems in his campaign. >> he's a businessman -- charles: all right. guys, donald trump approaching the podium now. let's listen in. [applause] >> thank you. thank you very much. [cheers and applause] thank you very much, everybody. today i would like to share my thoughts about the stakes in this up coming and very important election. people have asked me why i'm running for president. i built an amazing business that i love, and i get to work side by side with my children
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every single day. we come to work together and turn visions into reality. we think big and then we make it happen. we absolutely make it happen. i love what i do, and i am grateful beyond words to the nation that has allowed me to do it. so when people and me why i am running, i very quickly answer i'm running to give back to this country, which has been so very good to me. [cheers and applause] >> when i see the crumbling roads and bridges or the dilapidated airports or the factors moving oversees to mexico or to other countries for that matter, i know these problems can all be fixed.
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but not by hillary clinton. only by me. [cheers and applause] the fact is we can come back bigger and better and stronger than ever before. jobs, jobs, jobs. [applause] everywhere i look, i see the possibilities of what our country could be. but we can't solve any of these problems by relying on the politicians who created the problems themselves. we'll never be able to fix a rigged system by counting on the same people who have rigged it in the first place. [applause] the insiders wrote the rules of the game to keep themselves in power and in the money. that's why we're asking bernie
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sanders voters to join our movement so together we can fix the system for all americans. so important. [applause] this includes fixing all of our many disastrous trade deals, and they are disastrous, they're destroying our country. because it's not just the political system that's rigged, it's the whole economy. [applause] it's rigged by big donors who want to keep wages down. rigged by big businesses who want to leave our country. fire our workers, and sell their products back into the united states with absolutely no consequences for them. it's rigged by bureaucrats who are trapping kids in failing schools. it's rigged against you, the american people.
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hillary clinton and as you know she -- most people know, she's a world class liar. just look at her pathetic e-mail server statements or her phony landing. [applause] or her phony landing in where she said she was under attack and the attack turned out to be young girls handing her flowers. look, this was one of the buttes. a total and self-serving lie. brian williams' career was destroyed for saying less. just remember that. yesterday she even tried to attack me and my many businesses. but here, and this is the way it is, is the bottom line. i started off in brooklyn, new york not so long ago with a small loan and built a business that today is worth
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well over $10 billion. [cheers and applause] and that's the kind of thinking we need in our leadership of our country. i've always had a talent for building businesses. and importantly for creating jobs. that's a talent our country desperately needs. i'm running for president to end the unfairness and to put you, the american worker first. it's about time. [applause] we're going to put america first, and we're going to make america great again. this election will decide whether we are ruled by the people or by the politicians. [applause] here is my promise to the american voter.
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if i'm elected president, i will end the special interest monopoly in washington d.c. very important. [applause] the other candidate in this race has spent her entire life making money for special interests, and i will tell you. she's made plenty of money for them, and she's been taking plenty of money out for herself. hillary clinton has perfected the person politics for profit and theft. she ran the state department like her own personal hedge fund doing favors for regimes and really many others in exchange for cash. pure and simple, folks. pure and simple. [applause] and then when she left, she made $21.6 million giving speeches to wall street banks and other special interests.
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and in less than two years, secret speeches that she does not want to reveal under any circumstances to the public. i wonder why. together, she and bill made $153 million giving speeches to lobbyists, ceos, and foreign governments in the years since 2001. they totally own her, and that will never, ever change, including if she ever became president. god help us. [applause] the choice in this election is a choice between taking our government back from the special interest or surrendering really the last scrap of independence to the total and complete control of people like the clintons. those are the stakes hillary clinton wants to be
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president. but she doesn't have the temperament or as bernie sanders said, very strongly, the judgment to be president. she does not have the judgment. she believes -- [applause] in your she believes she's entitled to the office. her campaign slogan is i'm with her. you know what my response is to that? i'm with you, the american people. [cheers and applause] thank you very much. she thinks it's all about her. i know it's all about you. i know it's all about making america great again for all americans.
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all americans. our country lost its way when it stopped putting the american people really first. we have to go back to putting our american people first. we got here because we switched from a policy of americanism, focusing on what's good for america's middle class, to a policy of globalism. focusing on how to make money for large corporations who can move their wealth and workers to foreign countries all to do detriment of the american worker and the american economy itself. we reward companies for offshoring, and we punish companies for doing businesses in america and keeping our workers employed. they get punished. this is not a rising tide that lifts all boats. this is a wave of globalism that wipes out our middle class and our jobs along with it. we need reform, and we have to
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reform our economic system so that once again we can all succeed together and america can become rich again. we have to make america rich again. [applause] and that's what i mean by america first. our country will be better off when we start making our own products again, bringing our once great manufacturing capabilities back to the shores. i mean we have to bring our manufacturers back to the united states. desperately needed. desperately we need those jobs. and we need it even from our and we needed from our psyche. one of the really great things and one of the first major bills that george washington signed was amazing when i saw this for
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the first time, the encouragement and protection of manufacturing in america. our first republican president, abraham lincoln, warned us by saying the abandonment of the protective policies by the american government will produce want and ruin among our people. we have to protect our country. i have decided and this, cities and towns across america, all across america and seen the devastation caused by the trade policies of bill and hillary clinton at its total devastation all over new york and pennsylvania and new england, all over the country, hillary clinton supported bill clinton's disasters and totally disastrous nafta, &'s interest to the wto. we lost one third of our manufacturing jobs since these hillary backed agreements were
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signed among the worst we have ever done, among the most destructive agreements we have ever signed. our trade deficit with china stored 40% during hillary clinton's time as secretary of state. a disgraceful performance, not congratulated but scored. then she left china. [applause] >> she left china and what is happening is billions of dollars in our intellectual property, china has taken it and it is a crime continuously going on, they are stealing billions of dollars over intellectual property. hillary clinton gave china millions of jobs, our best jobs and let china completely rebuild
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itself. in return hillary clinton got rich. the book clinton cash by peter schweitzer documents how bill and hillary used the state department to enrich their family and at america's expense. she gets rich making you poor. [applause] at the center of us policy toward china was hillary clinton. at this critical time us/china gave a number of speeches that were underwritten by the chinese government and its supporters. these funds were paid to the clinton's bank account directly while hillary was negotiating with china on behalf of the united states. tell me, folks. does that work? she sold out our workers and our country for beijing.
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does that work? she sold our workers and country for beijing. hillary clinton has been the biggest promoter of the transpacific partnership which will shift millions more jobs overseas and give up congressional power to an international foreign commission. now because i have pointed out why it would be such a disastrous deal she is pretending she is against it. she has given and deleted, have we heard of anything being deleted? i don't think so. deletion is something she knows something about because she has deleted 30,000 emails which should be able -- should be able to be found because the government, you can never really believed emails.
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want to find them, but i don't think they can find them. this is the latest clinton cover-up, and it doesn't change anything. if she is elected president, she will adopt the transpacific partnership, and we will lose millions of jobs in our economic independence for good. she'll do this and just as she has betrayed the american worker in every single stage of her career, and it will be even worse than the clinton's deal, and i could never thought it could get worse than that. we will lose jobs, we will lose employment, we will lose taxes, we will lose everything. we will lose our country. i want trade deals. but they have to be great for the united states and for our workers. [applause] we don't make great deals anymore. but we will once i become
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president. i promise you that. [cheers and applause] it's not just our economy that's been corrupted but our foreign policy too. the hillary clinton foreign policy has cost america thousands of lives and trillions and trillions of dollars. and unleashed isis across the world. no secretary of state has been more wrong, more often, and in more places than hillary clinton. [cheers and applause] her decision spread death, destruction, and terrorism everywhere she touched. among the victims of our late ambassador chris stevens. i mean what she did with him was absolutely horrible. he was left helpless to die as hillary clinton soundly slept in her bed. that's right. when the phone rang, as per
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the commercial at 3:00 in the morning, hillary clinton was sleeping. ambassador stevens and his staff in libya made hundreds and hundreds of requests for security. they were desperate. they needed help. hillary clinton's state department refused them all. she started the war that put them in libya. denied him the security he asked for, then left him there to die. to cover her tracks, hillary lied about the video being the cause of death. the famous video. all a lie. another hillary lie. here's what one of the victims' mother had to say. "i want the whole world to know it. she lied to my face. and, you know, this person cannot be president. she cannot be president." [applause]
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in 2009 before hillary clinton was sworn in, it was a different world. libya was cooperating, iraq was seeing a reduction in violence believe it or not. syria was under control. iran was being choked by sanctions, egypt was governed by a friendly regime that honors its peace treaty with israel. something very nice because, by the way, israel has been totally mistreated by the united states. isis wasn't even on the map. fast-forward to 2013. in just four years, secretary clinton managed to almost single-handedly destabilize the entire middle east. her invasion o of libya handed the country over to isis, the barbarians. thanks to hillary clinton, iran is now the dominant power in the middle east and on its control role to have nuclear
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weapons. hillary has thrown the country into one of the bloodiest civil wars anyone has ever seen while giving isis a launching pad for terrorism against the west. she helped force out a friendly regime in egypt and replace it with the radical muslim brotherhood. the egyptian military has retain control, but clinton has opened the pandora's box of radical islam. then there was the disastrous strategy of announcing our departure from iraq, handing large parts of the country over to isis and the isis killers. isis threatens us today because of the decisions hillary clinton has made along with president obama. isis also threatens peaceful muslims across the middle east and peaceful muslims across the world. who have been terribly victimized by horrible brutality and who only want to
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raise their kids in peace and safety. in short -- [applause] in short, hillary clinton's try out for the presidency has produced one deadly foreign policy disaster after another. one by one they're all bad. she's virtually done nothing right. she's virtually d good. it all started with her bad judgment in supporting the war in iraq in the first place. though, i was not in government service, i was among the earliest to criticize the rush to war. and, yes, even before the war ever started. [cheers and applause] but hillary clinton learned nothing from her act because when she got into power, she couldn't wait to rush us off to war in libya.
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she lacks the temperament and the judgment and the competence to lead our country. she should not be president under any circumstances. [applause] in the words of a secret service agent posted outside the oval office, somebody that saw her a lot and knows her probably better than almost anybody, she simply lacks the integrity and temperament to serve in the office. from the bottom of my soul, i know this to be true. her leadership style volcanic impulsive, disdainful and disdainful of the rules set for everyone else hasn't changed one bit. perhaps the most terrifying thing about hillary clinton's foreign policy is that she refuses to acknowledge the
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threat posed by radical islam. in fact, hillary clinton supports a radical 550% increase in syrian refugees coming into the united states and that's an increase over president obama's already high number. under her plan, we would admit hundreds of thousands of refugees from the most dangerous countries on earth with no way to screen who they are, what they are, what they believe, where they come from. already hundreds of recent immigrants and their children have been convicted of terrorist activity inside the united states. the father of the orlando shooter was a taliban supporter from afghanistan. one of the most repressive antigay and antiwoman regimes on earth. i only want to admit people
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who share our values and love our people. [applause] hillary clinton wants to bring in people who believe women should be enslaved and gays put to death. maybe her motivation lies among the more than 1,000 foreign donations hillary failed to disclose while at the state department. hillary clinton may be the most corrupt person ever to seek the presidency of the united states. [cheers and applause] thank you. [applause]
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thank you. [applause] [cheers and applause] [chanting trump] thank you. thank you. here's some of what we really learned from the book in addition to what we've already discussed. a foreign telecom giant face possible sedate department sanctions for providing technology to iran and other oppressive regimes. so what did this company do? for the first time ever, they decided to pay bill clinton $750,000 for a single speech. the clintons got their cash, the telecom company escaped all sanctions. hillary clinton's state
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department approved the transfer of 20% of america's uranium holdings to russia while nine investors in the deal funneled $145 million to the clinton foundation. $145million. hillary clinton appointed a top donor to a national security board with top secret access. even though he had no national security credentials. although he did make a very large campaign contribution. hillary clinton accepted $58,000 in jewelry from the government when she was secretary of state, plus millions more for her foundation. has pushed oppressive sharia law including the punishment by death and stoning if you
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happen to be gay. the government of brunei also stands to be one of the biggest beneficiary of hillary's transpacific partnership, which she would absolutely approve if given the chance. hillary clinton's book -- and just think of this. the book talks about it. but hillary took $25 million from saudi arabia and much more from others, where being gay is also punishable by death. hillary took millions from kuwait, qatar, and many other countries that horribly abuse women and the lgbt citizens. to cover up her corrupt dealings, hillary illegally stashed her state department e-mails on a private server. she's under investigation. but it seems like nothing's
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going to happen. even though other people who have done similar things but much -- at a much lower level, their lives have been destroyed. it's a rigged system, folks. it's a rigged system. her server was easily hacked by foreign governments. perhaps even by her financial backers in communist china. sure they have it. putting all of america and our citizens in danger. great danger. then there are the 33,000 e-mails she deleted. while we may not know what's in those deleted e-mails, our enemies probably know every single one of them. so they probably now have a black mail file over someone who wants to be the president of the united states. this fact alone disqualifies her from the presidency.
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we can't hand over our government to someone whose deepest darkest secrets may be in the hands of our enemies. can't do it. [applause] national security is also immigration security and hillary wants neither. hillary clinton has put forward the most radical immigration platform in the history of the united states. she's pledged to grant mass amnesty and in her first 100 days, end virtually all immigration enforcement and thus create totally open borders for the united states. totally open borders. and, by the way, 16,500 border patrol agents have endorsed donald trump. first time in the history that
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they've -- [applause] the first victims of her radical policies will be poor african-american and hispanic workers who need jobs. they're also the ones that she will hurt the most. by far. let me share with you a letter our campaign received from marianne mendoza. she lost her amazing son, police sergeant brandon mendoza after he was killed by an illegal immigrant because of open borders and policies supported by hillary clinton. sadly the mendoza family is just one of thousands who have suffered the same fate. here's an excerpt from mrs. mendoza's letter. [hillary clinton who already has the blood of so many on her hands is now announcing that she is willing to put each and every one of our
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lives in harms way. an open door policy to criminals and terrorists to enter our country. hillary is not concerned about you or i. she is only concerned about the power of the presidency and the power that it would bring. she needs to go to prison to pay for the crimes that she's already committed against our country." that's from mrs. mendoza. hillary also wants to spend hundreds of millions of dollars to settle eastern refugees in the united states on top of the current level of immigration that we already have. for the amount of money hillary clinton would like to spend on refugees, we could rebuild every inner city in america. [cheers and applause]
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hillary's wall street immigration agenda will keep immigrant communities poor and unemployed americans totally out of work. she can't claim to care about african-american and hispanic workers when she wants to bring in millions of new low wage earners to compete against them and win against them. because the system is rigged against our people. [cheers an [applause] here are a few things a trump administration will do for the americans. and for the american people. but for our country. number one. first 100 days, i'll appoint judges who will uphold the constitution of the united states. [cheers and applause]
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hillary clinton's radical judges will virtually abolish the second amendment. can't let that happen. i will change immigration rules to give unemployed americans an opportunity to fill good, really good paying jobs. we don't have good jobs anymore. these will be good paying jobs. [applause] stand up to countries that cheat on trade, of which there are many. we'll cancel rules and regulations that send jobs overseas and everywhere else but our country. [applause] we'll lift restrictions on energy production. [applause] we will repeal and replace job killing obamacare.
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it is a total disaster. [cheers and applause] we'll pass massive tax reform to create millions of new jobs and lower taxes for everyone. [cheers and applause] and we are, by the way, the highest taxed nation in the world. please remember that. going to impose tough new ethic rules to impose dignity in the office of secretary of state. [applause] there is one common theme in all of these reforms. it's going to be america first. [cheers and applause]
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this is why stakes in november are so great. on election day, the politicians stand trial before the people. the voters are the jury. their ballots are the verdict. we don't need or want another clinton or obama. we just can't take it anymore. so bad for our country and our people. [applause] come november, the american people will have a chance to issue a verdict when the politicians that have sacrificed their security, betrayed their prosperity, and sold out their country. and i mean totally sold out their country. [applause] they will have a chance to vote for a new agenda with big
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dreams, bold ideas, and enormous possibilities for the american people. hillary clinton's message is old and tired. her message is that things can't change. my message is that things have to change and that this is our one chance and maybe our only chance to do that change and to -- about it we don't do it now, folks, i don't know that we'll ever, ever have another chance. we have to have change. but real change. not obama change. [cheers and applause] americans are the people that tamed the west. that dug out the panama canal. that sent satellites across the solar system, that built
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the great dams and so much more. then we really started thinking small. something happened. something happened to our mentality. we started thinking small. we stopped believing in what america could do and began relying on other countries, other people, and other institutions. we lost our sense of purpose and daring. but that's not who we are. [applause] come this november, we can bring america back. bigger and better and stronger than ever before. [applause] we will build the greatest infrastructure on the planet earth. the roads and railways and
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airports of tomorrow. our military -- [applause] our military, which has totally depleted, will have the best technology and the finest equipment. we will bring it back to the way that it must be. strong, strong, strong. [cheers and applause] massive new factories will come roaring into our country, breathing life and hope into our communities. [cheers and applause] inner cities, which have been horribly abused by hillary clinton and the democrat party will finally, finally, finally be rebuilt. [applause]
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construction is what i know. i say nobody knows it better. the real wages for our workers have not been raised for 18 years. but these wages will start going up along with new jobs, jobs, jobs. [cheers and applause] hillary's massive taxation, regulation, and open borders will destroy jobs and drive down wages for everyone. and that's what's been happening. and that's why you're seeing so many people coming to our rallies and so much unbelievable support [applause] we're also going to be supporting our police and law enforcement. [cheers and applause] we can never -- [cheers and applause]
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thank you. i'm also going to appoint great supreme court justices. so important. one of the most important factors in this election. i'm going to have many appointments. could be as many as five, probably will be three, could be four. one of the really big factors in this election. we are going to appoint supreme court justices who will be outstanding. outstanding. so important. [applause] our country is going to start working again. jobs. people are going to start working again. parents are going to start dreaming big for their children again. including parents in our inner cities. [applause]
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americans, the people that we love americans, america first. make our country great again americans. are going to start believing in the future of our country. [applause] we are going to make america rich again. [cheers and applause] we are going to make america safe again. [cheers and applause] we are going to make america great again and great again for everyone, everyone. thank you very much. [cheers and applause] thank you very much.
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thank you. thank you very much, everybody. appreciate it. charles: that was donald trump wrapping up his speech. that included really an outreach to everyone. he used that word a lot. everyone, everyone, used the term jobs, jobs, jobs on more than one occasion and went after the rigged system. i lost count how many times he talked about it. i want to bring in here to help analyze and discuss ceo van, elizabeth macdonald is with us, judge andrew napolitano. and donald trump senior adviser. tonya, to you first. before we start, i thought it was interesting donald trump set the tone of measure of humility. going to give back this country that has been so good to me and then made a direct outreach to bernie sanders supporters and then of course he went in on hillary clinton calling her a world class liar.
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outlaying several, several instances where there have been some inconsistencies. not only since she's been secretary of state but long before that and certainly afterwards. the $153 million in speaking fees that her and bill clinton have taken. and in some respects that seemed -- the timing of which seemed dubious may be illegal and then shifted back to americanism and focused on big things. how as a trump supporter -- i know that that was a stayed on script for the most part. do you think he delivered? >> absolutely. mr. trump always delivers. i thought that speech was fantastic. make america rich again. make america safe again. and make america great again. what more could you ask for? i thought it was perfect. and the american people need to know exactly what you would get with the hillary clinton presidency. and he laid it all out there for them. so i couldn't be more proud to be on this team.
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charles: zayn, you're a businessman, you do business in lots of different places. >> i do. charles: your assessment from the speech fran economic point of view. >> charles, i want to like, and i want to like him. and when it all started, i thought he was literally the great white hope. election process is a job interview. it just lasts much longer than the two or three times you go. and the more i hear donald, the more it concerns me of his flip-flop, his back and forth, i'm against $15 minimum wage, reevaluating -- just now we heard about taxes being reduced everybody. and, again, i want to believe had. but at the same time he's going to tax corporations who move out or tax import taxes. that starts trade wars. with every ying, there's a yang. everything he said -- charles: what about the notion that since napta america has not done very well. since china has come into the world trade organization, they've had the upper hand. what about the next to
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notation if you don't get rid of these things, they need major tooling. >> getting rid is one thing. fair trade is another thing. you can't get rid of them. i think we can imminently more fair in how we handle our trade policies without a doubt. but we need the chinese. let's be real. we live in a world where they buy all our bonds every year, you know, inspect sort of a revolving. charles: they buy phones, iphones, caterpillar equipment. donald trump saying we should make that stuff in this country and ship it to them. liz: yeah, saying we should basically buy half a trillion dollars more of goods that we make here in united states and aat night cities like baltimore. and it's speaking to the american voters. >> there's no doubt. i wasn't saying it wasn't a powerful speech but let me tell you another proposal any of us detroit when detroit began to fall apart. i was in the manufacturing business when detroit, when inside detroit got hollowed out, and it got hollowed out because our automotive
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industry, our automotive unions were getting at that time $60 an hour, $80 an hour. and we couldn't be competitive on the world stage. i was in detroit that if you drove a toyota to work, the windshield would smash and the car was wrecked. i saw it happen in a parking lot was paralyzed what to do about it. but all of that slowly -- the market determines these things. all of that slowly moved offshore because you could buy a toyota for half of what you buy a chrysler. charles: you thought it was powerful, though. liz: yeah,. charles: zayn equated the whole process to a long interview. if that's the case, a lot of people say today was reset for a do over. in other words, a reintroduction to the american people what the different more tempered donald trump, more specific on message and communicating to a wider -- liz: again, you're right. the temperament issue is at stake hear. when he said -- he quoted hillary clinton saying she's entitled.
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he did better in the prompter than i thought he was going to do. like anything he's getting better with experience. this is more an iron fist inside a velvet love in a sledgehammer or achieves during the primaries. at least from my point of view. the new allegation with which i was sent familiar and i thought i was on top of all of these. this is a felony. the first time a presidential candidate has accused his opposite number of committing a felony was that she received $50,000 worth of jewelry from a foreign country while she was secretary of state. charles: as outlined in peter
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schweizer's book page to personally keep that? >> i'm not concerned about the source. i'm concerned about him alleging that. the allegation of the commission of a crime is per se defamatory. he's exposing himself to all kinds of things. he's also pushing the envelope on her. he painted a strong case that this is one of the two criminal investigation and it's called public corruption. there she corruption. do she usurp our secretary of state to enrich herself, in which her husband and enrich the foundation did she make decisions as secretaries day they committing sovereignty of the united states of america in order that she. charles: donald trump outlined by what happened in the first 100 days. that would make them very happy. cancel rules and regulations
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that send jobs that the country. he'd repeal and replace obamacare which is a total disaster. he also talked about imposing tough new ethics rules. i don't know if that goes so far is seeking a new sort criminal action against hillary clinton in a pastoral. to let the judge just said, someone saying things outlined. let the audience know, territory him and for something that some people are saying they have to improve that. >> absolutely not. mr. trump, what he did was let america know that hillary clinton has sold out the american people and mr. trump will never sell it anybody to vote for him. i thought it was great he is the author of the book the secret
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service agent. i personally had numerous stories from line for meant that i've covered hillary clinton she does not have the temperament with specific examples that made me go wow i had no idea. she had that kind of a temperament. absolutely not. there's plenty of stuff in the american people who vote for her or possibly vote for her need to know what you'll get with that boat and that is a woman who does not have a temperament. a woman who has sold that americans. a woman who has taken money from people, perhaps everything. he's leading the american people know this is not the type of person you would want his art event child and tested in this bill does pass like mentioning what happened in benghazi. he laid it all out in an zero happy he shared with his first hundred day plan is because i've been sharing that with people
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across the country. photos website comment donald jay trump.com. a 100 day plan all itemized. i thought that was brilliant. liz: it should be noted his beach is a position. i invite sanders to go for me. >> he use his work rate. i know there's more because that the underlining theme. it is why bernie sanders is extraordinarily popular. he saw paul bloomberg poll 55% of supporters and the rest are undecided. that's a huge block to determine and make the outcome in this election. making a direct appeal to bernie sanders in my mind immediately at the start of this was absolutely fantastic. the promise to the american
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voter to and special-interest monopoly in washington d.c. founded and remind me a little bit of eisenhower's famous military and restaurant complex. guys getting rich while the rest of us just sort of model among. >> everything he said is appealing to the voter. i don't mean that's why he said it. it does appeal. who doesn't want more quality? who doesn't want more money? charles: we are convinced to get them there. >> i haven't heard anything quite candidly paints a funny bunch of public and private equity board. i haven't heard anything that moves us in that direction other than you'll make more money and make america great. by the way, america is great as a point of information. we can get better. >> i'm sure trump knows this,
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but much of what he suggests is a like-minded congress did as much power as the president of the united states has in this era, which in my opinion exceeds that the constitution gives them because the congress continues to give power to the president to escape us on stability on its own. the type of changes he wants to make will require a congress he can work with and i'm sure he recognizes that. i'd like to ask our friend on the campaign trail is this the new donald trump? are we no longer going to see the donald trump demolished with a sledgehammer his adversaries in the republican primaries and now see this new more tempered, more presidential version of him. >> i would say yes, we are. knowing him for 11 years and been meant toward my head as i like the old donald trump, but i like the businessman and the american voter wants to know mr. mr. trump is not a scripted
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stage person by any means, but he knows he needs to be. using a teleprompter is not an easy thing as most of us now. mr. trump is not used to back, but he has become used to that because that's what he needs to do. true importance to the judge's point, we had ms. a moment ago that marco rubio running for reelection basically saying the prospect of a trump presidency is worrisome to me. he also says that mr. trump wins the presidency the nation wanted senators to encourage mr. trump in the right direction. charles: it is to the judge's point. i'll ask you about this. i was thinking about that, too. have you replace federal judges? >> he doesn't replace federal judges when they retire. very few resign.
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when they retire or die in office, he then replaced them. you can't replace them because he disagrees with them. charles: what about canceling nafta or the world trade organization. >> he could cancel nafta with a two thirds vote in the senate. but he certainly can't do it on a stone. >> any cancel the iran deal? >> yes, he can cancel that on its own in a nosedive. charles: jobs, jobs, jobs. it was central to his hand as he was winding up. he wants parents working. i thought this is a key thing. it's really important. americans have given up on the american dream. we are not anywhere near our potential. i still think we are the envy of the world, but not to the degree we want to work. something went wrong along the way. we put it in the show.
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how do we get that spark? >> it might be the injection of a trouble trump new view to get the american public back on board. how do we get it? we get rid of the existing administration because they did an awful lot of water out of the fire. they did an awful lot with regulation between it and no rdn deal well and health care, all that stuff. we need to do as you said earlier reset. donald trump may be that guy. i don't want to sound negative, but i want to know -- liz: hillary clinton campaign will start commenting go after -- you do not want that kind of a person. charles: i want to ask you about the breaking news. rubio called thesponse on national security the economy and many other issues backward
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or uncertain. here is the guy running for senate in a swing state that donald trump must win. i was under the assumption when i saw the news earlier that there would be romance of sorts by being here. this is going back to the primary. you have members of the republican party who still haven't bought in on a trump presidency yet. they are critical to some degree to winning and governing. >> you know what, i understand what you say about arco. nobody likes to get e. mr. trump, what happened in the primary, and maybe still a little bit of that. they know that mr. trump will get in line and do all those things. transient animosity continues to
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linger. maybe he just does not believe in either candidate the way he showed particularly been a republican senator. >> that's what i was saying. when i heard that i was thinking he's a republican. seriously, what are your choices? we know how much he despises her. it's just animosity about what happened in the primaries. he will get aboard just like most of the other republican leaders will. charles: the clock is ticking. >> trump has to be disappointed in this is in a trump supporter would be. first of all, senator rubio was a fierce opponent to the bitter rant. secondly, senator rubio said i'm not going to be in public life. now he changes his mind and in the moment he changes his mind, he says i am not on her because i don't know that i can trust our present the nominee. this shows they have to work on this. maybe you disagree.
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he needs a united republican party with him. are there any republican senators running for reelection. >> of course we know the never trump campaign and a potential call it the convention with a combination of scott walker and someone else. i'm not no, donald trump did say hillary not the temperament. and then he quoted a line from bernie sanders, or the judgment. pulled out yesterday, hillary clinton got 56%, he got 32%. i think it's a brilliant on his idea to shift and they don't just look at me. look at her temperament. he described the anecdotal things you turn from one enforcement officials. keep the laser beam focus on hillary or do you think later
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today he will hear comments from mark or rubio and turned back and retaliate? >> now, our focus is on hillary. marco rubio will get in line once the gavel goes down in cleveland. you will be so amazed at the republican leaders that will come aboard. our focus is on hillary clinton leading the american people know exactly what you'll get with her. you will get a flawed candidate. but she's got a somebody who sold out the american people. our focus is not a marco rubio. it's on hillary clinton. this comes down to is the election is quite simple. the will of the establishment, going with hillary or the will of the american people. i know firsthand because i may miss. i've been with him since the day he came down the escalator. the momentum and power of the american people will push a straightforward. charles: i want to do the
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audience a favor. spend a little bit of time now. it's just a coincidental. the dow was up 79 donald trump started speaking. we went up 100 points and drifted a little bit. no correlation of it. the price of oil is smaller than expected drop in supply. now we are starting to. a look at homebuilders. home sales with a new nine-year high. an all-time high is pretty interesting news. in the meantime, ho-hum numbers from federal express is a great proxy for the u.s. economy 4%. that's almost a $3 billion deal coming down a little bit.
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the new models they are having a tough time. restoration hardware has been a real tesco or this company. the housing numbers out today, some may think the stock is in the past. let's take a look at this. happening right now, the nba champion in the first of three and 52 years on the way right now. whether you're a basketball fan or lebron fans come you must tip your hat and a well-deserved break going on right now. i want to get back to the donald trumps beach. huge speech. we've got some of the highlights for the audience to share it. roll tape. >> she's a world-class liar. look at her pathetic e-mail server statements. hillary clinton has perfected the politics, the personal profit in the event that. thousands of lives.
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in trillions of dollars. and unleashed ices across the world. the secretary of state has been more wrong. they almost single-handedly destabilized the entire middle east. clinton has opened a pandora's box of radical islam. her leadership style, volcanic impulses. of the rules.the rules. impulses. disdainful of the rules. hillary clinton may be the most corrupt person ever to seek the presidency. hillary clinton going after things that the temperament and the decision-making process. that's a comment where it feels like the clintons have long felt entitled to power, entitled the
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money and have disdain for rules and never been called on the carpet. it will be part of the winning. how much of this dizzy focus on going forward now and how much does a focus on narrowing the message through areas where he pulls very well. the economy, terrorism and keeping america safe? >> is going to focus on issues that matter to the american people, which are all of those. his focus is going to be on hillary clinton and showing her flawed and letting people know that she can be trusted and putting the pressure on under investigation with the fbi, what's going on about, what happened to those e-mails, it better, better. he's completely focused on letting people know what she's all about, what they've done and just opening up the book and letting people read exactly what she's done and what you'll get with her. we are definitely wanting to
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bernie sanders supporters and i believe we will get them because they can't stand hillary clinton as well. charles: no doubt it can't stand the accomplishment. it was very effective at that. i lost track of seven when he used the word. he used it over and over again. but the promise to the american voters to grant interest monopoly in washington d.c. the only people who have gotten richer billionaires in washington d.c. for the wall 200 washington d.c. quarter go back and forth all the time. that was a winning message. >> here is the finest skilled hand in the speech. particularly some of the phrases that our producers just excerpted for. if donald trump can turn this election into a referendum on mrs. clinton tenure in office, the foreign-policy failures are catastrophic and well
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documented. the personal behavior and unethical behavior and personal enrichment is extraordinary and well documented. if he can make this election a referendum on her rather than on his temperament, he'll win. charles: the democratic party and progressives in general always have disdain for a lot of wealthy people singing they make a lot of money but don't put a lot out. there's not a lot of skin in the game. how do you make $153 million just talking? that's not adding a lot of economic value to the country. liz: she has spent most of her career working for government. i get what you're saying. i hear it. i think where mrs. clinton will have a tough time, a tough go of it. by the way, the speech comes in a shakeup of the campaign stop in really bad fund raising is whether she can turn the narrative on her support of trade deals. she's expressed skepticism
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privately. charles: i will let you finish, but i think she was against tpp long before donald trump said anything. the reason was i don't think it went far enough towards trading. liz: she said it didn't take the high bar. it was a specific trade deal. so that is where it's going to be tricky. >> and americanism as donald trump talked about coexist with globalism, the notion that if i'm a businessman in america, i'd rather sell to 5 billion people than just 200 million. >> you're the president of the united states has extraordinary executive authority. some of these other deals, congress authorized the president to negotiate bed and enter into them on his own, meaning a president trump using the power of the presidency could undo them on his own. not nafta because of the treaty. something like this on, ttp,
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absolutely. charles: we are going to lose time. when my time before you go. the promises are great and a lot of people they cannot this morning, former factory workers who don't have any jobs. on a more realistic level is five months go on and make it nuances of this in details, the average worker in china, which makes the iphone, $4100 a year. i would take a job in china, bring it to america and make it a $50,000 a year job >> in the white house we need a businessman. mr. trump is dedicated to bringing those jobs back to america. that's why he's so passionate about making sure people come into the country legally. he wants everyone who is here who has worked hard and gone through all the rights that you get to our country. he wants to ensure they can have
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a competitive job. if people vote for donald trump, he'll be the only one to make that happen. charles: you're a fantastic circuit. we appreciate having you on the show today. thank you very much. >> thank you for having me. have a great day. charles: i want to present this to you. the notion of americanism coexisting with globalism. >> i think we've got to balance competitiveness with the revisions of the tax structure we are in now. we are the highest tax corporate entity in the world. so he's not going on now. i would only say that i would like to see donald trump going forward is a businessman, leadership requires two things. predictability and consistency. i would like to see if this is the new donald, i would like to see it everyday, every time he gets up and talks about that to see a consistent position on whatever his position he's
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taken. without predict ability -- charles: back to the business community has been more concerned about. >> we don't know what revision and will come out tomorrow. >> donald trump for president trump unilaterally makes it more difficult for cheaper foreign goods to get here so that there will be more manufacturing. that's going to raise prices. the people he wants to help her pay more therefore they will have less to spend. charles: here's a people say when i posed that. donald trump supporters say listen, you got it all wrong. you guys are talking about the men. first let talk about jobs. if there's a chicken and egg scenario, the first part of this thing is donald trump is going to create jobs in an argued about how much we pay for an iphone. >> we all know the awful, awful history of retaliatory tariffs. they are going to put a tariff.
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the magnitude suggested was when hoover was president of the united states. tran to which you agree that to a degree we are getting the short end of the stick? china copies everything with impunity. the only thing i've seen barack obama stand up for more solar panels and still -- >> it is manufactured in the u.s. is supposed to be manufactured in china and brought here. charles gave the numbers. if the guys making $4000 a year building not and $50,000, that is 10 times on the wages. wages aren't all the component. probably 30% of the total component. charles, if i may, i would like to hear everything that donald is saying is things we all want to see. you'd be nuts not to want to see it. how would they bring jobs, jobs is wonderful.
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think about this. we will manufacture air conditioners in united states. take them for mexico and bring them back here. who's building the factory, putting equipment and. how long is all that infrastructure? the job begins six years from now. charles: about half the materials we've used would be imported, too. having said that, the retaliatory nature is another thing. when the president of the united states says i'm going to specifically go after specific companies like ford or carrier or amazon, is that worrisome for you? dairy. who shops at wal-mart? the largest employer in united states of america is a million employees. who shops there? all the lowest paid workers. where does wal-mart get all its 100 million square feet? >> you're talking about donald trump putting businesses overseas taxes.
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charles: pointing out specific companies i think -- >> very serious problems that the federal courts targeting come needs. you can target industries and have economic goals you do because i'm going to sign this executive order to restrain one company, it's very serious. liz: congress has the power. strategy lets recap because donald trump gave a very impressive speech. he started out talking about the states he showed humility out the gate. he wants to give back to the country has been so good to him, so did to his family. he reached out to bernie sanders which was important. he talked about how the society is hurt everyone in how assertive and nonwhites. it has hurt us all. he wants to try and find ways to fix it. i think he hit it out of the park today. hillary headed out of the park to a degree.
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glad you're tuning in with us now. we will give it to connell mcshane. he will take it from here. >> thank you, charles. here we go. for the next couple of hours i'm connell mcshane filling in today for neil cavuto. the gloves are off. see what we did. no punches at all. >> may be the most corrupt person of her to seek the presidency of the united states. >> every day we see how reckless and careless trump is. he is proud of it. >> if she ever became president, god help us. they all seem to be end of chapter

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