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tv   Cavuto Coast to Coast  FOX Business  June 29, 2016 12:00pm-2:01pm EDT

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trouble. holland, france, all of them considering referenda. all them are considering getting now. right now we are up 230 points. 17,600 is where we are. my tennis appeared in appeared in a colleague and friend, charles payne is ready to take care. >> km. i am charles payne filling in for neil cavuto. the deadliest attack ever on an airport. 41 dead year 239 wounded from three suicide bombers in istanbul. times that these terrorists had the internationally known airport in hopes of rival in the global economy. a former naval steel says the united states need to step up and get its act together. carl, another devastated at an international target can internationally significant target among the 41 dead, 13
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foreign nationals from an array of countries. isis deliberately picks a target, understanding the carnage goes beyond the dead bodies in that airport. >> it sure does. it shows even close to the base, turkey has been profiting for quite some time and then slowly backed away from it. this is a message presumably from them saying you are 100% behind us and if you are not you will take a solid terrorist attacks. the mac having said that, i understand urdu gone was doing double dealing with respect to isis. we have a country where the guy in charge is actually a late-night towards an islamic state again -- i thought it was so interesting and sort of ironic that the father of modern-day turkey who believed in western bias but certainly westernized country relatively successful. isis -- in my mind and overstepped here.
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what do you think? i understand the security aspect of what it means for america. could they have actually made a mistake here? >> i don't think they will ever make a mistake. new-line distraught on some blow themselves up. they are doing this for a higher power. this problem is not going away, charles. we need to step it up because america is the only one who's able to commit the resources do something about this. it's not going to be in pretty and become a regular norm. adding troops, american troops. going after a place which is the artifact to orders. understanding these christians as human shields. we've got to do something drastic, said dane ugly, maybe not even traditionally un-american to solve this once and for all. >> they don't fear us.
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they don't respect us. they don't respect a west in general. we have to come them back into caves and holes. >> we been dropping bombs for years. are you saying we could win this through an aggressive carpet bombing alone? >> no, we need to put people back on the ground. we need to send a message that wherever you are the world, we will hunt you down. the software from the left recut from obama is not working. we have to commit serious resource to make this happen. we might have to commit to long-term occupancy. it hasn't changed. we have to step out. >> there's been no american appetite. when our losses start to get into the four digits, one of them, 2000 american troops should be a major turn off. there's absolutely no appetite for us to occupy any other countries. so it makes it really tough.
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also, people are an easy with the notion that go in there indiscriminately and blow everything up. that means a lot of casualties. women and children who have nothing to do at that site. >> , yes. we lost thousands of troops in one single day. the american appetite needs to understand to 90% of the electorate who chose not to serve which is perfectly fine, but they are electing people covered in the 2% that chose to serve. when we fight the wars we don't want to be on the front page. we do want to be held to some social norm of unacceptable war of unacceptable were of unacceptable war as a kid. we've got to fight this two-man enemy doing things that are pretty. charles: we are fighting savages thank you very much. major indices right now after the tubers back to back days in the history of the market from a monetary point of view now brushing off concerns at least temporarily the e.u. meltdown. second straight day of big gains. let's face it. there is obviously uncertainty.
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a lot of unanswered questions. we want to look at the major indices. you can see a real nice gain unless 4% recovered all of its losses since the british exit out to risk and reward host deirdre bolton, when you make make of the rebound so far? >> fact that it is a stabilization point. you and i spoke on friday. we spoke on monday. investors made a little time to absorb it. between today and yesterday seems like it is. e.u. ministers meeting for the first time about the u.k. in the room. you have not worked an honest day in your life. he really drastic down a lot of the e.u. ministers. i'm not going to say back to business as normal for other smooth sailing, but the point is investors have absorbed a surprise. it has been absorbed. moving on. charles: i remember being a
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broker in 1987 with black friday. over the last few days if they should buy. it feels like the american public understand these dips like this is a buying opportunity. >> it worries me that you just mentioned not. i was getting all bullish. people think now is the time to get out. i do feel it should have obviously been attempted by a few days ago. i mention that a few times on the various fox business and fox news today. i don't want to be like wap i was so right. it seems to me that was all an emotional reaction. it was like running out today to the supermarket to stock up into a paper, milk and staff for a
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hurricane that may or may not hit two years from now. it was just kind of silly. even if you thought that things are going to happen. bad things will happen if they are for two years from now. it have to be all emotional. when you saw stuff like the british pound drop to a 31 year low coming back to me is that maybe it's time to buy right now. i hope that stabilization. i am bullish. charles: all this is done is putting us in our trading rates for a year. i do want to ask both of you guys about this. march 13, 2007 lehman shares are down the most in five years. market stabilizes after that. march 17th credit concerns that the next day record earnings in the market comes back as september 15th the market is down big time about 4% but we stabilize again and later run the house rejected the
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bailout for banks that the market crash. are we being too optimistic right now as people were on monday. >> i have an opinion so i'm just going to go for it. i don't think it has anything to do with 2008. that was a crisis that affected bankers and ceos ought to lay down to people tried to buy mortgages. that affected everything. it was systemic. i see this as a shift. obviously a surprise investors. that's where we saw the two-day sale of $3 trillion go away from the global equity system. this has nothing to do with the systemic weakness that took two to five years to actually build. this is a surprise. it's been absorbed. charles: let's talk about the moral of the vote. more of an isolationist world with less free trade. donald trump gave a great speech yesterday and it feels like if america goes in this direction
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there'll be a big? take a look at h.r. today. the company is called lmi aerospace. this is a chart we will pick up. the stock was as high as 22 bucks a couple years ago now trading around $7. they announced today that they are going to close the wisconsin plan and shift those sheet-metal jobs to mexico. infuriates people in wichita and work there. a three-year chart showing the stock from 22-7 underscores the fact this is a struggling company. what do they do? i think they are going to have to fire them one way or another. or do they stay in business and find a cheaper way to make a sheet-metal? >> well, not going to come to me and that's, you would have to look for how long they think they can survive. probably every night for me above the steel manufacturers when a lot of bad steelmaking went overseas.
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you just can't find labor cheap enough. this is unfortunately a company that probably shows the brown each. with being able to outsource are not going to survive. what you don't see as all the other companies that thrive by being able to import cheaper goods. that's a story that's never told. that's why i'm for free trade because you don't see the benefits. all you see is layoffs and job loss. you don't see all the job gains by wal-mart being able to purchase goods cheaper, people able to buy goods cheaper and have more navy and the pocket to spend elsewhere. that's what i'm afraid people on this story. >> i want to ask you when you reference a pound at a 31 year low versus the dollar. it does hurt u.s. manufacturers. all of our goods become more expensive overseas.
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how does that fit into what you are saying? >> i'll give you two answers. one, i think the currency fluctuations in this case the above is a pound up another 4% today? i think that is going to stabilize. the other thing is that it's kind of like the same argument with that company. what you always miss is our goods are harder to export because the dollar is stronger. it's easier than to import. in fact, written alone imports and exports almost $46 billion in august. their autos are going to be cheaper to export. then the auto come in and are more expensive. it tends to balance out if you look across industries. charles: i should point out the pound has been coming down overall for the last 35, 40 years. guys, i want you to stay right
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there because i want to talk about this terror incident. heightened in europe even more specifically. i want to bring in ashley webster who happens to be in london. a couple days before the british had good though, there was an announcement that the e.u. would extradite whether or not to bring turkey into the e.u. i thought the timing was pretty poor myself understanding one of the key issues as immigration and now of course this massive bloody attack in a turk airport. >> yeah, you're absolutely right, charles. london is always on high alert as the major cities in europe. there is very little you can do to defend soft targets. everything you can possibly think that he had these were three attackers, one of whom goes in to the front entrance of the terminal starts firing, himself up. people come running out. that is in the second attack outside of the terminal sets his
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bomb off, causing massive damage and horrible loss of life. the third attacker went down one level to the arrival likes it and waited for those people to come running out before detonating his bomb. a very cruel brutal plan and a soft target that of course as isis continues to lose ground in the middle east and lose the members of his own movement, these are the kinds of attacks we will see more similar to the brussels attack. how simple is that? it's always a matter of when not if or the best defense other than putting more barriers up around this soft targets is to get ahead of the game, you know, follow this path before they begin. charles: a lot or for that never hear about. we are awaiting president obama. his first comments on camera since the terror attack in istanbul.
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we will have more right after this.
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call today at see car insurance in a whole new light. liberty mutual insurance. charles: president obama addressing the terror attacks for the first time on camera. carl hage v. with us as well. i think we are going to take a listen. we will did then as soon as president obama begins to speak. here we go. >> -- attack that took place. i had a chance to speak to president erduon today, to discuss with him not only how heartbroken we have been by the images of the injured and those
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skills, but also to reaffirm our strong commitment, to partner with turkey, with nato, with a broad taste alliance we structure around the world to fight isis. it is an indication i'm able to cover in those areas that they have taken over, that they are going to be defeated from syria, defeated in iraq and has an impact on the entire civilized world. i know that view is shared by mexico by canada and other people in this hemisphere and shared in every region of the world. we stand with the people of turkey and we intend to do what is necessary to make sure that these kinds of terrible events
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are not happening. on a happier note, the cooperation that's been taking place between the united states and mexico across a whole range of issues outstanding. we have had the opportunity to discuss the continuing strength of our business and commercial politics our business and at a time in which we all too often are hearing roderick that ignores the enormous contributions that have been made, do we draw from we draw friendly relationships with our good neighbor to the south. it has been useful for us to reaffirm all the different issues we've been working on
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together. we are strongly committed to making sure we have higher labor on environmental standards embedded charles: dare you have president obama making brief comments about the attack last night in istanbul. here to react charlie gasparino, deirdre bolton and carl hage v. isis will be defeated in syria and iraq again saying it's all about having partners. turkey, nato broad-based alliances we've created. >> how was he going to do this? every other week we have a terrorist attack or other thing you have a press conference. committed to the country. we just wait for the next one. at what point do we say there are consequences. the next terrorist attack on ally or nato nation. we will destroy a city within the occupied territory.
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put that on the table. >> honestly, i'm fairly surprised president obama spent three sentences on this attack in istanbul. i understand he's in canada, but move forward to this north america block, which in fact in europe we see break apart. i feel like it is odd timing and should have perhaps spent longer on what happened under plans to fight terrorism. charles: what else could he have said they would you make you feel better? >> the fact we had to be committed globally. here's what we do to fight it now. here is what we plan to do to fight it in the future so more soft target archaic, so that people aren't afraid to travel. i don't know how many people you spoke many people you've spoken with who will maybe rethink the plans. this will affect the worldwide economy. >> we should point out it is not right now. the markets are not moving on this stuff. charles: is actually moving higher. >> that's what i'm saying.
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charles: yesterday were up 250 points. 20 minutes later we were at 260 points. >> growing green parallels with this is the markets and the economies of the world are a sickly getting used to, as bad as it sounds kind of sort of random acts of terrorism. charles: what if that happens here at jfk? >> it happens all the time. the markets are blowing it off. here's the interesting thing about him moving on. he started talking about trade. that is a campaign speech. he is making a frontal attack on donald trump. charles: there is no doubt about it. >> the president is coming back and saying wait, this is north american partnership. i guess it is interesting. it seems like if you look at
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what democrats might do, they might take on the train staff had done. charles: i need you to hold that thought. what charlie just said about people getting used to this. i could remember years ago seeing these terrific attacks of violent wondering how people go on with day-to-day lives. yet i was the crowded beaches and people at clubs. 13 foreign nationals were killed. our markets have responded by going significantly higher. where is the urgency going to be to make the military commitment you talk about that will result in a lot more lost lives american soldiers. where do you think that will materialize from? >> i'm not going to go toe to toe on the economy. the fact of the matter is he can't have an economy you don't have security. if you do not people secure in making investments potentially overseas ,-com,-com ma you will not have an economy. at some point the national security side and the economic
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side will tear each other apart. >> carl hage v., thank you very much. you've got breaking news on the british eggs though. >> one of the themes in london as you know, we did some nice coverage. this charles: you didn't bring me any bath. >> one of the things coming out of that, the day they left was that wall street would make a massive retreat out of london. people were talking about what jamie dimon said as much as 4000 people leaving. for the u.s. we have now made calls to the major firms and i'm talking to sources inside. there is a retreat going on from that stance with the major firms telling us and this is morgan stanley, jpmorgan, fidelity. there are no firm plans to move
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out from under what they say in the past. but i hear coming tide is pretty interesting. it just takes a moment to say a lot of people think dublin might be a place to go. >> and irish government says you could come here. facebook apple. >> iceland would like them to. charles: iceland didn't pay back. >> frankfurt is another wiki. creating that infrastructure to move to dublin, creating the infrastructure and not to mention the language barrier is very, very difficult. this is going to be less of an impact. obviously it is a wait and see. they want to see what comes out in terms of fiscal policy. >> these british banks are down severely. don't still 30%. that's got to be a red flag. a yellow flag is not a red flag.
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we know the city is embedded. we know it's not going anywhere. but we brought in some of those other things, that's when london surpassed wall street. >> people are assuming the worst. we talked to some of the people today. my producer, brien schwartz, and i spent part of their campaign in addition to replacing cameron is a much more detailed fiscal policy. we will see how they react. if they start mimicking what thatcher wanted to do, more government, less tax and regulation and free trade. >> london wants to leave. we are going to go with europe. >> they are not going anywhere. >> next, how donald trump's trade tirade, some say it actually backfired. a big hit last night.
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charles: the rally continues particularly in england. the british ftse are covering all of its british eggs are both lost it then now getting close right now to the highest level since april. meanwhile one of the most secure airports in the world major airports near new york city are upping their security as well as
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a turkish embassy in new york following yesterday's attacks. for more new york city police detective bo dietl. they are not enough to keep terrorists out. to a certain degree, you can almost say their security work. they killed these guys at security check points. they went deeper in the airport we saw one of the guys who blew himself up. everyone ran away. isn't the underlying problem no matter where you move the perimeter, that's what you have a bottleneck of people. >> exactly. israel does it israel does a bright kid to stop them before they get in the airport. but that do not come you're not able to stop it. jet blue line. anytime you see a thousand people, anyone has accessibility there. what worries me is about four attacks and we are online right that the state department and homeland security. i'm in the private security business. we have been in road right in
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there. this is during ramadan. four attacks that led up to this. ramadan is around until july 8th. i'm a little nervous than a little worried about the fact they want to do more in this ramadan period. whether people want to admit it, listen to john kerry on the front. that doesn't show me too much. we have to really be aware and alert to the fact as far as security goes, again we have to have lots of security out there to see something before it occurs and deal with it. like i said before in her show many times, the new york city police department has been equipped with the guys outside all around the city. they have good firepower and it's coming. i don't want to be a big scary guy, but it's coming to america and not us what they want to hit us in the homeland here. charles: here is a thing. 13 foreign nationals were
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killed. it does show that this airport 40 million people a year ago three dynamic airport. it is one of the busiest in the world. an attack on the world itself and you say well, this is the place even if they book the perimeter, they will get someone in the message out anyway. ultimately what i'm wondering is charlie brought it up and you got to think about it. do we have to live with this for a long time? is there an overnight solution to this? >> i'm sorry to say it is a two old. like we are doing in mosul right now to take the infrastructure out. on the other side, it is to get the moderate muslim communities together to combat this terrorist threat. i'm sorry to say our children and our children's children will have to face this. we have to deal with it. education to the young ones. when i saw that video a few
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weeks ago about the kindergarten kids being trained as terrorists, these are six, seven, 8-year-old children. it's scary because this is the next wave. >> border control here agents are starting to look at people's social media patterns, which is about time. >> but then we get the phrase profile. yes, you have to profile. >> more than likely the profile of those i offended with that code, even though it's devastating. it could've been a lot worse. >> you saw the officers go right into the line of fire. the cops out there protect them. charles: thank you bo. donald trump gave an impassioned speech. it has many people worried about a full-blown trade war a also been retained, why would the u.s. chamber he upset by the fact that i want to negotiate better and stronger trade deals. trade is donald trump's biggest weakness.
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you know, i hear the premise particularly from people in business, do you wake up and you find another local employer is laying off workers and sending those jobs. donald trump seems like your guy. >> double play to somebody that wants to believe that. we've also got 8 million jobs more so than outsourcing those jobs. it's not quite sure that manufacturing has left because of things like nafta. that is trump's biggest weakness. in 2009, 35% wind up getting those from mexico, south korea taiwan and other places. unless you want terrance on the entire world, i think trumps trade policies or his is weakness. >> in pennsylvania yesterday he gives his speech in 1994 when nafta went into effect, he had over 800,000 manufacturing jobs
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in pennsylvania. now you've got 500,000. i get the automation productivity because the output is even more. someone still getting rich and my wages are stagnant and lucky enough to have a job. from an election point of view that resonates loud and clear. >> absolutely. that's exactly the card i would play. the middle class being destroyed and i would blame a foreign policy on ms. clinton is certainly her has-been. that is great politics. is that true? i don't think it is. that bubble burst and now the jobs right now have not been replaced. we have 4% unemployment. we have gdp about 1%. that's impossible unless the jobs we've gotten are worse than the jobs replaced and that is the angst of the american people right now. charles: unemployment numbers
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based on the fact millions of people at the jobs market. would you say we could have better trade deals? everyone who does business in china knows you've got to greece everyone's palm. and the intellectual property will steal it. >> yes. that is all true. i agree with you. you don't know if inventories are real inventories. all of a sudden the advent tori disappeared. there's nobody sues these guys. they just are not good deals. the iranian nuclear deal everybody brings up has not been negotiated well to get ourselves to the mindset i don't believe it's the right way to go. i don't think donald trump would get a pass. he has congress to acquiesce to this which i don't think they will. >> paul ryan was proposing another trade deal. certainly not everyone in the gop on the same page. thanks a lot buddy.
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>> thanks, charles. this and match came back to fight hillary clinton. but this one is doing today that some democrats raising their eyebrows.
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>> i'm nicole petallides with your fox business brief. 234 points.
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two days of selling, two days of gains. a gain of 1.3%. s&p 500 up 1.5% picked a nice stack of .7%. the dow and s&p looking into positive territory. reddish eggs they has not played the market too badly. but the misery scene today positive territory. we lost 870 points in two trading days. we have made back just over 500 of those. watching oil carefully, by the way, southern new mexico louisiana see an improved production and also with the oil of 3%, inventories fell for six straight weeks. exxon had a new 52 week highs.
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>> with the concentration problem and the idea of too big to fail, it gets a lot of attention. the problem isn't unique to the financial sector. it is hiding in plain sight all across the american economy. charles: senator liz warren and event aptly titled america's monopoly problem. of course she is antibusiness as anyone. she is becoming more and more the face of the democratic party to former obama economic adviser on the ship that his party is
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taking. of course bernie sanders making massive inroads against hillary clinton during the primary process pointing to wall street ties. there seems to be a serious antibusiness theme that goes way beyond what president obama is then. >> i don't think that's totally fair. first the kind of guy with the little cognitive dissidents. we just saw yesterday donald trump gave a speech in which the chamber of commerce condemned the statement and it's a little weird to be putting in the context do you think democrats democrats -- business is way anti-republican candidate. >> both parties are echoing that theme of the nation. the bottom line is donald trump's stance on trade is very similar to bernie sanders and it's been very similar to progressives throughout the last several years.
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>> i guess i could say two things. one, elizabeth's foreign message today i thought does not explicitly antibusiness. it's procompetition. concentration and not doing enough antitrust enforcement. the rise of consolidation in a number of the industries of the united states over the last 20 years is an issue that economists and business people have been talking about and harping on for some time. it does not make you antibusiness to say we have to have more. charles: i don't know if you've ever been an anti-supermarket -- >> are not empty out here. >> congress is going to break up the company. they pulled 70% in this country. competition took them apart and they sought bankruptcy a couple years ago. the fight against ibm -- >> is your argument we shouldn't have antitrust?
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charles: my argument is that not the words help to be quite frank. you are saying what we should do is attack and destroy the most successful con and is in america. >> we should enforce the rules of competition. there is nothing good for business about ripping up the rules of the road and letting one or two powerful companies wipe out new entrants. charles: who decides if someone won by two large of a margin. i can understand to gripe about big eggs getting bigger. never bailed them out again. now go after businesses and decide he's been too successful. he was winning by two large of a margin and how to beat them down. >> we have worked this out over many decades. explicit merger guidelines say exactly how you should look for whether the concentrations exist because of efficiency or whether
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they just for the market. charles: i've got to ask you one last thing. do you believe stopping staples and not this depot for merging that they presented a monopolistic threat to the world. desert to die in companies that want to stay alive a little longer. but with the obama administration be against something like that? >> would have to get the data, but i'm willing to bet you if you look at information as many geographic areas where the data show price is would've gone. charles: that's unfortunate. i appreciate you coming on. right now donald trump is attending a fundraiser in boston. donors beware, "wall street journal"'s kim strasser reports that the white house could angle you out. she has proven her new book, imitation game. intimidation, thanks for coming on the show. everyone talking about your book, congratulations.
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you are saying that the administration will think a lot of donors to the republican party, particularly to donald trump and take some form of action against them. >> this has happened before back in 2012 the obama campaign team but the name of that republican donors to a super pac up on one of their campaign website can accuse them of all kinds of horrible things. some of them had suffered targeted afterward. they were visited by the irs department of labor and other entities. we know it is not below them to do this and it's a legitimate question given everything that's happened over whether it could happen again. charles: at longer members the irs and the tea parties and all and the idea of somehow westernizing that particular agency painted industry should miscarry for anyone. i don't care what political leanings they have. where do you think this is going to go? is it getting worse now in a
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tight election season like this? >> the entire team of the book is what we have seen over the last 10 years as a move by the left to westernize the government. iraq received now trained on people and groups like what happened in the irs. the book goes to that. liberal prosecutors like the one in wisconsin that when after 30 conservative groups for the crime of support and scout walkers government reform and attacks on personal donors and people who support valid initiatives are businesses that support remarket initiatives from outside act to this and the leftist groups that target them and blackmail them. getting worse because tak x are replicated. you see them everywhere. when the genie is out of the bottle, it's hard to put back in. true to what can you do? we saw the tea party play out over three years. no accountability whatsoever.
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the deed was done a few well. it feels almost hopeless and only seems that will embolden not deterred. >> we know what happened. the white house continues to suggest a couple of mine ages in cincinnati that didn't understand the law. the book goes through this in detail. they knew what was happening. it was run out of washington done at the behest of democrats and targeted conservatives. i think what you have to do is be aware that it's happening. a lot of people a lot of people are unaware and manufactures speak out when it happens because bullies don't like to be added. >> the intimidation game. thanks a lot. >> thanks for having me. >> but none defense over the latest benghazi report. her poll numbers have barely budged. is this just adding to sellers trust issues? they've gone the wrong direction. more fallout is to calm. we will be right back.
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>> i will leave it to others to characterize this report, but i think it's pretty clear it is time to move on. >> hillary is a liar. it is definitely not time to move on. it has not been dealt with. are they reported i imagine, i haven't seen the report yet. all they are reporting is what hillary told time. and i say should lie to them. charles: vallas patricia smith mother of the benghazi that the last night on deirdre's risk and reward. we know that hillary clinton is a trust issue and that won't go away. despite the fact the mainstream media i mainstream media i put her words, nothing to see, move on. >> you heard the conversation last night. it was heartbreaking. i put myself in her place.
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she wants an explanation. the state department bites to her. the obama administration lied to her. hillary clinton lie to her near her son's coffin. i had chills. it was really an emotional conversation or may. she wants closure. her son was in and tell and sold her something was going to happen. getting back to the national one. a huge integrity issue overhang. the senator from vermont bernie sanders, no one ever heard of him on the national stage. he was able to challenge her. i'm not going to say is that nobody, but no one knew his name before and matches shows you how weak, in many ways, democrats even want to support her having a tough time. charles: you're absolutely right. there is no doubt about it. i interviewed mrs. smith also. you're going to have a lump in your throat because of the
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passion there. the thing she is asking for, you would think hillary would say ok, let's talk. >> the thing that outraged me where she was told she couldn't have an explanation because she is not next of kin. if it is not your mom, who ousted next of kin. charles: between this in the e-mail scandal that doesn't seem to go away. let's not forget, she's been a multi-decade track record. >> that's a point for voters. charles: she's had a lot of gates. investment dates. >> you are quite right. this is the issue. single or issue above all others that are her biggest challenge will be her biggest challenge in november. the question of integrity ms. overhang and especially donald trump who like him or hate him people say at least he speaks his mind. which is the opposite of how she is perceived.
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charles: to vote for someone you don't trust. here is a general that took charge in the katrina crisis. why many say they need a leader like him to take charge in the fight against global terror. it is here next.
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charles: this is wynn -- "cavuto coast to coast". 41 did in and attacked by terrorists, beefing up security, secretary of state john kerry, we are making so much progress. >> we have to get it right 24/7, have to get it right. if you know you are losing and you know you want to give up
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your life, you can do some harm. charles: president obama echoing john kerry in canada saying isis will be defeated. lieutenant colonel bill cowan and national security council joining me now. let me go to you first. the idea that these more frequent attacks on soft targets. the example of them losing. >> john kerry used the word desperate. another adjective would be adaptive. isis is being squeezed in iraq and syria in their caliphate but making progress outside of that. making tremendous inroads into the heart of western europe, the attacks in paris and brussels and we see them penetrating
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turkey as well. we are not just fighting the war against isis on the ground, in iraq and syria but fighting them globally. charles: anytime one of these attacks occurs the debate is reignited over how we actually finish off isis, do we go along with this drip drip method, more american lives at risk? >> i don't want to take anything from the young men and women fighting in the war against isis but we are not engaged by any means, we miss the biggest opportunity when most of the isis command leadership, we could have devastated that. rocca is the symbol to all these jihadi's who want to become part of isis but it is not about iraq and syria. it is about boca her rom in
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africa and out shabaab and taliban groups wedging their allegiance to icex, we have entities and elements pledging their allegiance to isis. much lesser we engaged against isis and iraq and syria. charles: what is the solution? just elected a real hard-core guy, it will be carnage and will get the job done. is that what the world needs? put on the sort of attack we would have been appalled by? >> militarily, the anti-isis coalition needs to be aggressive in terms of fighting isis but not only that simple. there is an ideological component we are not doing a very good job on to be honest and that means fighting radical
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islam ideology. trying to prevent the spread of the ideas. and that is equally important here, the military campaign. and we need to repopulate soon, >> how do we do that. charles: push them back, that is a race to the caliphate. that is less than the luring organization, get some of these potential lone wolves, i don't want to get in bed with a losing organization.
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>> we have a coalition, military coalition talking about going after isis. i will be critical of the bush administration because it is involved, trying to get the muslims, moderate muslims, outspoken ones against the radicals organizing to put the word out, radical jihad. funds going after the ideological side and plenty of moderate muslims out there would engage with us in that activity. before you have to trust we have their backs throughout the process. appreciate it. disorder in europe striking fears this will all hurt the fight against terror. adam shapiro in brussels with reaction from eu leaders who are feeling the uk edge, the attack in istanbul. >> the concern over terror as
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well as unguarded borders and migration and one of the issues raised by the brexit. the eu summit has come to an end by different leaders from different countries. one of them is donald tusk, president of the eu council. when it comes to migration we discussed for many months, discussed the topic as well during the council meeting, it is crucial to continue work with the neighbors, especially turkey but this is controversial for many observers but the deal the eu has with turkey works. he also says migration is under control. that is one of the issues that was key in the united kingdom, so many immigrant workers who have gone to the united kingdom from places like poland. that is what issue they are dealing with. he alluded to that deal with turkey, turkey trying to get into the european union.
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this is not clear-cut. from the statement the eu put out when they finished, they acknowledge citizens of the eu are dissatisfied trying to contain this uprising started in the united kingdom and here is what they say. at the same time many people express dissatisfaction with the current state of affairs being the european or national level, europeans expect us to do better when it comes to providing security, jobs and growth as well as the hope for a better future. eu leadership seems to understand people who live in various countries of the eu, they scheduled a meeting september 16th in which they discuss the future of the eu. that will not include the uk. charles: they may have to learn sooner or later, they scheduled
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more meetings, not working either. great stuff. appreciate it. in the meantime dow jones industrial average is roaring today, they are brushing off terror attacks and the eu crisis. and the british exit losses, still a certain amount of uncertainty, dagan mcdowell on what is behind the rally. dagen: people sold first and penetrating on monday. we talk about this on friday about volatility index, classic gauge of fear. the yield on the 10 year treasury dropped. it didn't get to panic levels. and and during the height of the financial crisis. a lot of it is wait and see at this point in terms of any kind
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of malaise in europe, particularly britain, how do consumers act, how businesses act. what doesn't help is when you have a company that says we might move our headquarters. you are getting a little bit of that. people are going to turn back to how well china is doing and in the united states it is going to be what comes out of the presidential election, if there is any uncertainty left here it will be related to our next president will be. charles: for me monday, intraday we came off of the lows, gold gave up its gains and the vicks went negative. you can feel the so-called smart money coming out of those defensive postures positioning themselves and on the economic side you are talking about consumer confidence coming in better than expected and we had consumer spending.
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it is interesting because savings of 6% two months ago, i don't know why people seem to be spending more money but they are drawing more credit and if that is the case maybe we get a little bit of a bump. 1% gdp is not hard to improve upon. dagen: at least we got the 1%, not starting with 0.something. income too, personal income was up 0.2%, a little shy of what people were expecting. if we turn back to the united states you got a consumer that is decently healthy. home sales, existing home sales, the biggest number you look at, see home prices back at a record so that gives people some sense of security. charles: donald trump closing the gap in one poll against hillary clinton, the quinnipiac
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poll. and said get ready for a bounce for donald trump. i am not sure when this poll was taken if it was taken before or after the brexit vote but if it was, closing the gap do you think this is reflective of how much this will help trump? >> i have been of the opinion since we found out the brexit results, the economic ramifications are, a case that this is good for him because if the economy is out of control it can point to the obama administration, i am the guy who can wreck this ship and if things go well he can make the claim any country goes through this decides to protect borders and share their sovereignty won't be damaging in the long run to the global market and the united states too to enforce those principles. i think donald trump can make the case. charles: it is a reflectiveness but we are seeing the same
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sentiment on the west end and america where this prosperity we took for granted is not there anymore, people grappling with the idea that all those powers, tting us down. i am not sure how many average americans, in england there is a surge in what is brexit and what does it mean? it does reflect a certain angst that does work for donald trump. >> donald trump needs to be the professor on this. he needs with lane brexit to americans who are grasping what is going on. donald trump can be like this is about self-determination. >> 30 for the% of respondents
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say, and this is so loud and clear in america. dagen: heightening the sense of being ignored, heightened by the attitude, how they talk to people. president obama referring to donald trump, he has -- how does the common man relate to him. people relate to donald trump, actually understands why they are angry. he understands what they are going through. he is one of the few people who paid attention to what is happening this last 30 years in terms of job losses because of garbage trade deals but also uses language people understand. some people make fun of them for using, speaking in monosyllabic
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words and saying everything is either bad or good. it is huge and good and bad and tremendous but that resonates with people. it was tough and wasn't exactly conservative in terms of wanting to get rid of nafta if they can't negotiate, label china a currency manipulator and kill the transpacific partnership but he didn't talk about 45% tariffs on china and didn't talk about attacking people, companies that send jobs to mexico. charles: shifting the narrative. a new foxhole being unveiled tonight at 6:00 pm eastern time, one of many reasons you got to watch my show, making money, a better read on whether donald trump has got a bounce. a close brexit poll, the gentleman in charge of the katrina crisis, what you need to do with this terror crisis.
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know better sleep. only at a sleep number store. >> the larger and more economically powerful these companies get the more resources they bring to bear on lobbying covenant and lobbying government to do what? change the rules to benefit the company's that are doing the lobbying. this is a big one and it should terrify every conservative who hates government intervention. charles: absolutely amazing. she layers it on over and over again, elizabeth warren moment ago with her antibusiness rant. want to go to joe trippi and katie path which on this. this antibusiness stuff. to a certain degree neither party a standing up for business anymore. i know it is antiestablishment,
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anti-globalism, anti-trade, and you wonder can we go too far in this direction? >> this is what fueled the trump phenomenon and bernie sanders, both left and right, you see the chamber of commerce coming out against trump and where he stands on trade and national association of manufacturers doing the same thing, he did a fascinating turn in a lot of ways. i think it actually just shows how much unrest is out there economically. i think a lot of corporations when the ceos are making so much more than their employees and the angst of income inequality bubbling under that, elizabeth warren tapped in and where it is going we will find out in november but this will be the economy, those underpinnings are going to have a lot to say in november. charles: you just heard
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elizabeth warren ask how could conservatives be for something, we have heard donald trump more recent speeches openly willing bernie sanders supporters, both sides feel somehow they found this one particular topic where the establishment is represented by big business, global trade and things like that and everyone has gone after it. >> it is important to point out to elizabeth warren there are millions of americans who work for the very corporations she likes to vilify, men and women who start at the bottom and make their way to the top including the ceo positions that pay the big bucks but to answer your question a lot of people are talking about it and the libertarians get some credit the fact that big government means big business. a lot of these big corporations elizabeth warren and others like her like to vilify and say take advantage of the little guy are only propped up because
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government save them from themselves. a lot of corporations cannot survive unless the government gives them the ability to do so so big government only means -- the reason we have big overwhelming corporations elizabeth warren like to vilify is because the government likes to fuel them and prop them up. just like sanders and clinton, proponents of the big government continuing. charles: the war against business if you want to call it specifically war against big business under the obama administration the casualties are always the small guy. big businesses can hire the top lobbyist and hire the top lawyers, weather the storm. they are not investing anything. i look at the data. they are not investing in new plants, new buildings, buying back their stock and riding this thing out so the notion that somehow you go after business, seems like ultimately it is the little guy that gets hurt more. >> that is exactly what elizabeth warren is talking
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about, going after the big companies that have the money to look out for themselves while small businesses and individuals -- charles: they pay the fine, $15 billion for cheating, putting people in cars, weather the storm. >> that is what she is saying. that should end and that is what sanders has been saying and trump made some of the same points in his own weird way. >> here's the irony. elizabeth warren and bernie sanders support obamacare, a perfect example of a program corporations can afford to pay out where the little guys like mom and pop business down the street not only can't afford it but close their doors. until elizabeth warren rejected the government intervention policies the little guy will continue to get hurt as the big corporations succeed. charles: you would be loved if you had 48 employees taking
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$1.50. stocks nearing session highs you would see this rally coming, much more when we come back.
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charles: to hear the mainstream media tell it, the house benghazi report finding no wrongdoing by hillary clinton. this is a republican administration we would be seeing so much more on this. she said nothing to see here and move on and they said the same thing. dagen: move on, get over it, let's forget about it. if you look in this report, what is so disturbing is how politics and concerns about optics and the way things would look, trumps the safety of those men in libya.
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defense secretary leon panetta issued an order to deploy military assets to libya and nothing was en route when the last two americans were killed. we know that. eight hours after the attack started we find out about the teleconference 20 fence and state department officials where there was debate about marines being sent, what uniforms they should wear. they were in spain and changed four times. fleet antiterrorism security team sat on a plane for three hours and changed in and out of their uniforms four times. it before because -- dagen: the concern was when you put these individuals on the ground, what would it look like to the libyan government and the people in libya. charles: tray gouty said yesterday only three assets arrived, two and armed drones, the men from tripoli who took it
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upon themselves to break protocol and get there as fast as they can. dagen: concern about the way things looked rather than actual action. to add one thing, you get into this report and it gets back to there was a story concocted the just wasn't true about it was a video, it wasn't a terror attack and that was told to members of the families of the men who were killed. again, it goes back to there was a lecture coming up and this white house is going to make sure it did not look bad. and she wonders why people don't think she is trustworthy. charles: market rally continues, stocks popping and popping big after this. this woman owns this house with new cabinets from this shop with handles designed here, made here,
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shipped from here, on this plane flown by this pilot, who owns stock in this company that builds big things and provides benefits to this woman, with new cabinets. they all have insurance crafted personally for them. not just coverage, craftsmanship. not just insured. chubb insured. . . . .
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charles: rebound mode continues today following that british exit vote route. bank of america, chevron, all leading dow higher but home depot seeing some resistance. spinning its wheels a little bit. energy side doing well, health care, technology, they're all leading on the s&p. donald trump a strong against trade right now. chamber of commerce coming out strong against him. the chamber tweeting, under
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trump's plan we would see higher prices, fewer jobs and a weaker economy. to scott martin on what is really best for business and for americans. scott, i don't know that it's a very simple cut and dry issue although i got into it big time with the chamber of commerce donahue a couple weeks ago because i do think that their interests often is not the same as main street. >> no, their interests is government. i think the thing that is underestimated with donald trump's candidacy, charles, is that private sector experience. i mean you can cut it pretty dryly. do you believe that the government should be responsible for economic growth, for creating of jobs, for creating of wealth? i personally don't. so therefore you want somebody in government that has that private sector experience, that has job creating experience and has the ability to lower the regulations, increase the ingenuity of business and that is what will create long-term capitalist growth we want here.
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charles: there are certain other dynamics with trade and things that go beyond, that, manufacturing for instance, that go beyond trade. how do we reconcile the fact that the next 100 years looks different than the past 100 years? one thing i don't hear any of the candidates talk a lot about, being prepared for that part of it. i understand you have to get elected and putting aside the noise from the chamber of commerce for a moment? >> yeah, well, chars, because they don't know. i think your point is well-taken. the next 100 years as you put it is going to be different than the previous 100 as were the previous hundred to those. i think candidates need to realize this is changing environment. to get through a changing environment, to make trade deals or agreements that are going to work for everyone, it takes communication. it does take some ingenuity and flexibility and those are messages what other countries, other entities want to hear, not just heavy-handed business as usual out of the u.s. government.
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charles: one thing that worries me, scott, is the war on business. what happens, big business has weathered the storm. i use adp data to see that, in last 10 years, big business created 0.0% new jobs. small businesses carried the weight. they created all net new jobs in this country. anything done to bring them down, ultimately always hurts the small businesses even more. so that is what i'm really concerned about here, this sort of -- i understand the chamber of commerce only looking out for itself. i understand the big businesses make it sometimes at the expense of main street but how do you actually put in a system that can spark the little guy? >> well it is tough. you're right. small businesses are also a big part, charles of the future gdp growth we're going to have here in this country which we desperately need. i think going forward you will need the messaging with regard to small businesses to change a bit, to be more favorable.
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look at any survey, whether business confidence or small business formation, all those are in bad shape. they're at multiyear if not decade year lows. you want to look messaging to the people creating jobs to get them to go out and do exactly that. charles: bring back the american entrepreneurial spirit. scott martin. thank you very much. >> see you, charles. charles: donald trump blaming leadership after the terror attack in istanbul. take a listen. >> folks, there's something going on that's really, really bad, all right? it's bad we better get smart and we better get tough or we're not going to have much of a country left, okay? it's bad. charles: leadership in question. lieutenant general russell honore stepped back in to the fix chaos in katrina. the rage inch cajun is with me.
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i don't think it is leadership strictly with the government or administration across the board with many large establishments. doesn't feel like it is there anymore. i don't know where it is gone but not there and america desperately seems like it wants it. >> well, you know, charles we're in the political season and people are about to say anything because they're chasing the prize but that aside, if we talk about the problem, that is the problem of dealing with terrorism and counterterrorism i was in knee deep in this fit in -- fight in 1999. left the pentagon the day uss cole was bombed and spent much of 1999 chasing usama bin laden and with thousands of assets trying to find him and kill him. you know how the story ended. we put 100,000 troops in afghanistan and been there troop. we had over 100,000 in iraq. you do not defeat terrorism with
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a conventional army. terrorism is about an idea. islamic state that has been created is going to be based on an idea. we can kill all the leadership and their idea is still to dominate the middle east consume all the muslim countries and dominate the world with the ideaology and this is going to take multidecades to defeat them and their ideas. remember democracy always defeats terrorism. throughout history but it may take a couple of decades to do it. we can not turn into act like terrorists as some would lead us to believe how you solve the problem. killing them alone will not solve the problem. charles: so, in other words, last night when donald trump talked about how vicious they are and we have to match them with the same level of intensity, you think that is a mistake? >> i think that's probably some off-the-cuff comments. i hope he would rehe think that
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and take better advice from his counsel around him. he declared he knows more about isis than the generals serving in the army today but as we speak right now we have men and women from the united states military decisively engaged on the front line. some of them, they're inside of mortar range. others are fighting it from 25,000 feet and others are in on carriers based offshore. charles: right. >> som turkey flying in bombs in there. they're on the front lines. they will keep the pressure on isis but that itself won't destroy isis. this idea of islamic state will take a bigger, collaboration throughout the middle east to get those countries to work together to take this organization down but also defeat this idea of creating an islamic state. turkey is everything opposite of what they want to be. charles: turkey has been. that was the creation of the modern day turkey by ataturk. i'm not sure erdogan is on the
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page anymore. go back to what you were saying 100,000 troops in afghanistan and 100,000 troops in iraq, and i think what people are saying and donald trump is saying one thing to have a lot of troops to be someplace for a long time and another not to have winning gameplan. so many people engaged in war over there, so many soldiers told me they never had the right sort of orders to go out and truly defeat the enemy. maybe it is not about having a lot of numbers, but having singular mission not just to box them in or flying sorties they don't even get an okay to launch weapons when they even see the enemy but decided gameplan we go in once and for all to kill them. ideology will live on, it has lived on since the death of mohamed but at least we kill people that will kill us. >> that is not a proven tactic. you may have two terrorists in a village.
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by our training, by our values as nation we're not going to destroy that entire village to get at those two terrorists. we will do our best and i trained over 430,000 troops in this fight and many of them didn't come back alive. they lost their lives trying to save lives at the same time trying to defeat terrorism. it will take us a couple decades. it may take us three decades but i think the turks have got it right. they opened the airport. got security there. they will adapt and overcome. this an old tough army. it is well-organized. it well-trained and they know what they're doing. they got to close their borders. charles: so you don't agree with the sentiment then that we have bad leadership right now and that's why this war has taken so long? >> i don't think it has much to do with leadership. we got a determined enemy that want to create an islamic state. that is what we have. when they marched on the road and showed their hand, want to come out to be conventional army, we rolled that back. it has taken two years.
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we probably could have done that faster. but we have rolled this back this idea that they are going to be allowed to maintain terrain. that is not going to happen. on the other hand their ideology will live on for another decade we're going to be fighting this idea of islamic state. the people has got more at stake are the countries being attacked. in iraq, in syria, in turkey. so they're taking the biggest hit in this. we need to support them and we need to pull those countries together to more coordinate what we're doing. charles: i certainly respect your service. without a doubt, sir. i think though the american people are just worried that we're not fighting this to win this and i think sentiment might be changing. without a doubt i appreciate you taking time. >> explain that to couple million american troops that have fought and died over there and ones walking around. charles: that's it. a lot of people we should win this to honor the people that died over there instead of what we've done now which feels
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indifferent, we feel like we're losing. we're out of time. >> you don't defeat, you don't defeat it by annihilating people in a community. charles: okay, sir. leave it there. thank you very much. we appreciate it. next why former reagan advisor we have one, why this rally may just be starting.
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>> good afternoon, live from floor of the new york stock exchange. lori rothman with fox business brief. stocks surging for second day. "brexit" fears are also fading. so-called window-dressing going on. end of second quarter. first half of the year therefore investors rebalancing portfolios. we definitely get positive momentum on these last milestones days. look at movers here. canadian pacific shares popping up more than 2% as the company announcing 500 layoffs. fewer people monitoring the track. lending club also hiring. layoffs 12% of the workforce profits will not grow until second half of next year. reports that apple granted technology which would stop iphones from taking photos at concerts, forcing concert goers to watch the show and not stare at their phones. latest at business with "cavuto: coast to coast."
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charles: markets in rally mode right now just a couple days after the british exit vote. obviously the fears are beginning to subside. dow near the highs of the day. we have former reagan advisor diane furchtgott-roth says fears over bret irk exit were overstated. thank you for joining us. >> good to be here. charles: knee-jerk reaction, two
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day rout in the market, largest market cap loss over two-day period ever, we're chipping at it but can we say the coast is clear? >> i think that investors do not like uncertainty. until britain works out its deal with the eu there will be some continued uncertainty but scope exists for a very good deal, also for more trade between britain and united states. i think markets will eventually rally. plus i think, the eu is clear, has failed other countries and this exit might cause it to redo some of its internal regulations. charles: so, and i same page with you there, but, what about the slide in the market though? there had to be some legitimate points to that fear. i don't think it was all, just totally irrational. perhaps the worries that this is the beginning of more and more countries saying hey, me too, i want out of this arrangement certainly if we see that and euro skeptic movement and europe
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has gone on dramatically, rome just elect ad mayor who would, if she could, she would take the country out of the whole eu as well, so we're seeing a movement there. there has to be some credence to the notion maybe there are unknowns out there that could ultimately hurt the market or detablize it? >> look. everybody likes the status quo. no one likes uncertainty. it is clear this is a big blow for the eu. the french are talking about frexit. spanish talk about spexit. if whole eu were to break up and free trade zone and give up regulatory harmonization, and tax harmonization, yes, the whole area would grow better that would be the whole of europe. so i think we need to be positive in the long run. but right now, yes it is a blow to europe but i think there is a lot of lot of positives we see out there. right now every law passed by any of their parliaments has to
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be eu compliant. charles: right. >> right now they are regulating toasters electric kettles, hair dryers in britain. say vacuum cleaners more than 1600 watts. charles: tea kettles tilted vote. don't want to mess with the british in tea time. >> you don't want to mess with anyone. charles: what about idea angela merkel, you used term status quo. she wants to keep the status quo. she has to play some form of hard ball as the, as the uk leaves this arrangement. could that create some issues, at least short term economic issues for everyone? >> she is really good at cutting off her nose to spite her face but uk is one of germany's most important export markets. britain has a net deficit with the eu. the eu needs britain to buy its goods and germany especially needs britain to buy its goods. so i think when it comes down to it, she will want to keep that trading relationship in place.
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plus britain will be able to build more trading relationships with australia and new zealand. also the united states. charles: as a good place to sell all the bmws and mercedes-benzs. die anya, very much appreciate it. >> very much appreciate it. charles: how will this help donald trump? we'll tell you tonight at 6:00 p.m. we'll have the first exit polls, fox news polls, see it on making money tonight fbn. first kennedy takes on donald trump trade tirade. libertarian where does she stand? i think she is grappling with herself here. great walk though. kennedy is next.
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kennedy, what is your take? >> free trade, equals freedom. this is america where we love freedom. therefore we should love free trade. charles: you know what, in the movie version of what you're doing right now, we'll get mel gibson he already practiced that, freedom. what we're talking about right here? >> i want to be william wallace of this election, on horseback with a face full of blue paint reminding people ultimate ideal in human existence is the pursuit and actualization of freedom. charles: donald trump says in the same movie, you will be on horseback going by huts, mud huts where there used to be factories. because of your free trade people and prosperity have left this country in droves. >> i don't think that bringing back manufacturing is necessarily the cure to all of our ills. as i have talked about it before, my husband is in manufacturing. it is a slog. it is a grind. there are regulations. competition is stifling and only the strong survive. some manufacturing back in this
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country would be great. is it a cure-all? no. we still need free trade and "brexit" is an a incredible opportunity for us to have that completely open trade with a trusted partner like the uk. charles: what about splitting the difference and you will calling it fair trade or fairer/smarter trade. >> i won't let you do that because i know you're not elizabeth warren. those things are leftist marketing gimmicks. charles: you don't think we could have smarter, fairer deals with some trading partners we have now? >> we have to ask ourselves why do we have trade deals? charles: why do we have trade deals? >> because -- charles: they're not there to empower the wealthy, the globalist, the multinational corporations at expense of america's wealth? >> that is the other thing like, i will buy into nationalism before globalism but i want someone to accurately define what globalism is and what the establishment is because these are vague terms that are very much in vogue right now that distract us from the ultimate
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goal which is growing the economy. the macro economy, and our country's economy first and foremost. even more important than that is the individual economy, personal economy, allowing people to flourish and make money and embrace capitalism. charles: if you take the, if you sort of took what, i think what people are saying with donald trump is saying that we take all of this money we send to other countries every single year and we kept it here, wouldn't we be richer, wouldn't we be much richer? >> no i think if we were economic isolationists we would cost people money. the cost of goods would go up if we only produce them in this country and tank all we stand for. charles: kennedy thank you very much. we'll be back. dow jones industrial average is rocking. only my home depot not. we'll be right back.
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. charles: stocks in rally mode after the uk fears and donald trump in rally mode, too.
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up in the "quinnipiac poll," but the big question, will he get the bounce from the brexit? i'll have the answer at 6:00 p.m. eastern on "making money." i've got the polls hot off the presses. in the meantime, trish regan, it's all for you. trish: a major rally under way as investors tried to put brexit concerns behind them. up 239. s&p 500 sectors are higher. the threat of isis growing with officials that the very moment suspecting that isis is responsible for the suicide bombings at the istanbul airport in turkey. the death toll rising. now to 41 people with 239 injured. i'm trish regan. welcome to "the intelligence report." we have got live coverage coming up from istanbul with fox news' jonathan huddy, we're live from brussels with adam shapiro and live with ashley webster with a look at fallout

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