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

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stuart: and i am on, surprise, 12 seconds before we hit charles payne. markets flat, oil up slightly, big job number coming, treading water, at 12 noon exactly, charles is yours. charles: you are always on. the dow jones industrial average hoping to break the 7-day losing streak. a down day would mean the biggest losing streak in 5 years so stocks are down calling for donald trump to speak up. i am charles payne. there is fear among republicans the donald trump's latest step will divert republicans from the economic message he should be pounding former republican presidential candidate ben carson on this, donald trump needs to get back on message. you are close to donald trump, what everyone called the straight shooter.
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should donald trump get back on message? >> bear in mind the democrats only have one way they can win, that is to keep donald trump off message, keep him talking about things that really don't matter and don't have a big impact on the country. and make this into a personality battle. they figure they can win. there is no way they can win on the economy when we have $20 trillion debt, huge fiscal gap, all these things going on with isis and terrorist groups, educational woes. the number of problems for which donald trump has some very good solutions because we discussed these things but he never seems to get to those because he gets caught up with other things. it is entrenchment. he is coming to understand that
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and i am hopeful that you are going to see him pivoting when they try to trap him into silly issues again. charles: a lot of this happens when he is in a 1-on-1 interview with progressive media types and they sort of bait him in there and it is that new yorker. i am like that too, a knee-jerk thing, we fight first and ask questions later, we feel you disrespected us but it is a trap. >> i understand it. as a teenager i was like that. i got in so much trouble, everybody knows about the knifeing incident which was numb 100% true but i eventually learned to react was not a sign of strength, it was a sign of weakness, to pass over the incident and move on.
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charles: hearing reports of serious frustration within the party particularly in the last few years, donald trump withholding endorsement for paul ryan, john mccain and some of the things he said about kelly ayotte who has not been on the trump train but has been tough with all of them. charles: he does recognize the necessity for party unity. if the party comes together particularly some people who sat on their hands last time, the evangelicals, there is nothing, absolutely nothing the democrats can do that progressives can do. if they can keep us divided and each other's throats they have a chance and that is what they are trying to do. charles: the pole a couple days ago show conservative support is 64%, significantly below what we saw from mitt romney and john mccain, he is bringing in
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blue-collar reagan democrats, he has evangelicals and a lot of people who were not interested in voting before, the core may not be the form, how does he mend these things? >> the main way he mend them again, don't take the bait and get back to the real issues, the things americans are concerned about because quite frankly the things that threaten us as a nation are not republican or democrat issues. they are american issues. the things that keep people awake at night, if he can begin to talk about those in a powerful and consistent way and say i am tempted to go there when they ask these questions, every fiber in my body wants me to go there and give you something to talk about, let's talk about what is important, let's talk about what america
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needs to get back on the right track. if he attacks that way they will get desperate. charles: amen. thank you very much. we did have a jobs report today, the adp report, 179,000 private sector jobs but all in the service sector. we have a slow economy, job market and a lot of other things impact this election, former bush xli campaign advisor and marcy stich. your candidate, we talked about this a little last night and you heard me talking with ben carson, seems like low hanging fruit, second quarter gdp, 1%, jobs subpar, wages have been stagnant, talk about that and get away from other stuff. >> i was with donald trump yesterday and he is speaking about these issues and as we do
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in strategic communication you take fact and leverage them to your advantage and continue to do that increasingly. this jobs report shows on the good producing side there are thousands of lost jobs in construction, 6000 lost jobs this month. these jobs report continue to get revised downward. for may we had net gain total of 11,000 jobs. if you look at the tax foundation analysis, hillary clinton's economic plan shows we will is 330,000 jobs over 10 years, 1% gdp growth and 1% less in take-home pay for americans, donald trump will talk about these issues in detail. charles: if the election gets zeroed in on the economy and typically that is what people do when they go into the voting booth, think about wallets and pocketbooks, how will hillary convince the american public she is the right candidate? >> hillary clinton has a detailed 5 point plan how to
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move the economy forward. charles: before you give me those points is she going to run on the obama economy, say this has been a great economy? >> she will run on the progress we made, we have 76 months of job growth under president obama and on track to continue to build jobs and grow jobs and increase wages and hillary clinton has a detailed plan, she is in denver talking about ties that can be made in america unlike donald trump who makes them in china and bangladesh and outsource jobs and get rich while doing it. it is clear to me voters are looking for solutions, plans, hillary clinton has put forward a plan, moody's yesterday came out with analysis under hillary clinton's first-term, 10.4 million jobs, independent. under donald trump's plan, 3.4 million jobs lost, we are
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back in recession. charles: well respected registered democrat helped john mccain last time around. how does donald trump convince regular people that lowering taxes for businesses mean something to them? >> good luck to hillary clinton. she has taken a stinker of eight years in this economy and is working on the status quo message. it is absurd, it is crazy. donald trump is the only candidate in this race calling for tax cuts. hillary clinton wants to increase taxes, she wants to increase spending. trump will reduce spending agency by agency, program by program, middle class in america has suffered wage losses, underemployment for eight years. good luck running on that
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iran, very disturbing to me and no longer a case of sleeping with the enemy but paying the enemy. 400 million are part of the $1.7 billion package paid to the un and this is money the iranians, perpetrators and biggest engine of terror using to kill americans, to kill israelis, kill people all over the world. that is the most disturbing thing this money is going to the dirty hands and twisted minds in
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tehran. far more than ransom, blackmail, this is aiding and abetting murder. charles: to that point it already felt the so-called negotiations, out negotiated because president obama wanted a deal no matter what it looked like, irani and negotiators took advantage of it and summed their nose at the world before and since but the idea of paying $100 million in ransom for each captive, doesn't that open a door to extraordinary actss, kidnappings and things like that? >> it is clear incentive, i understand the iranians are holding more americans, maybe the price on their head would be bigger because once the us agreed to pay $100 million per head, maybe now the price will be higher.
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and this is disturbing because this is negotiating with the enemy, negotiating with terrorists and paying them. i think there is too much in it, too close, too near to be took coincidence. it is a big mistake on the part of the us administration. charles: thank you for your time. want to go back to mark and marcy, donald trump hit president obama on this on the o'reilly factor. >> he talked about ukraine. i know more about foreign-policy than he knows. look at ukraine. he talked about ukraine, how tough he is with russia. in the meantime they took over crimea. charles: we go back and remember president obama faced a lot of
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criticism for being too inexperienced, he has eight years in office, as actions and policies proven donald trump right here. >> we see the results of someone like barack obama not about experience but worldview. it is about the obama doctrine of unilateral giveaways and appeasement to our enemies, donald trump is a businessman so he assesses and judges performance based on results. that is what trump is doing, look at the results. in september 2009 barack obama unilaterally took down poland and the czech republic, it is several months old, trump is talking about results and saying clearly my position and forceful personality and strength and business approach and economics and foreign-policy. the disaster we have witnessed over the last eight years. charles: hard to argue the world hasn't become a more dangerous
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place since obama took office, and i will candidate mired in a war, doesn't want to fight. he is mired in an enemy he cannot call out and vladimir putin becomes more emboldened with him in office. >> donald trump does not have a clue how to keep the country safe. donald trump does not understand you don't fire off nuclear weapons the same way you fire off a midnight tweet. donald trump is -- doesn't understand or hold temperament, he bragged about the relationship vladimir putin, praised saddam hussein, doesn't understand dynamics around the world and we are stronger country when we work with our allies. >> the american people will judge this race based on the results of hillary clinton's
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tenure as secretary of state and can't do that with donald trump, based on his style and forcefulness of personality, strength of his convictions. hillary clinton has a record that is a disaster. she said of the saran deal putting americans at risk. charles: the last word. >> don't take it from me, look at the number of republicans coming out saying hillary clinton would be the strongest commander-in-chief, it is not just democrats or what the party believes but what is best for the world, not just democrats, republicans but republican foreign-policy experts, hillary clinton is the only one who knows how to keep the country safe. >> we are less safe today. charles: beating earnings consensus, why is there so much anxiety? find out after this. whether it's bringing cutting-edge wifi to 35,000 fans...
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charles: earnings season and uncertainty weighing on investors, profits from america's biggest corporations falling a fourth straight quarter down 2.6% from a year ago. there has been weakness in energy companies and low business investment, many executives see slowing industrial production in this whirlwind election a big reason why. three quarters of companies reported results, 7 out of 10 beating the estimate. is the bar too low or is it guidance? keith fitzgerald, the low hurdle always helps but guidance is not giving us enough answers, corporate guidance. >> that is interesting because of 72% that have reported, 7 out
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of 10 beating, the bar is laughably low like betting on a horse race after you know the results. the key as you decca out is guidance. that seems to have stabilized. there is reason to be cautiously optimistic. that means we may, just may have a good fourth quarter. that is something the markets are giving stability to even though short-term it is causing rocky waters. charles: the bottom line can be impacted by a lot of things, corporate buybacks, you might have a few more earnings, we might eke out the first top line increase in a long time. with that signaling anything to you? >> if you think about it, logically, real economies, you have to have growth in top line. it can't all be about the bottom line. it is wanting to gain results including profits but if you are going to grow you have to have
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more sales than you did the month prior with a quarter prior. i'm enthusiastic to see any upside momentum at all on that number. charles: let's juxtapose the economy to the stock market. the market is a little bit overbought or extremely overbought we need the economy to justify this rally. are you happy with 179,000 jobs from adp or is there something bigger than that friday? >> me personally, i am not happy. millions of americans want jobs to be better employed, we are becoming a nation of burger flippers as opposed to high-value contributors to the global economy. that speaks to the fact that industry has been left to rot, small business twisting in the wind. if we are going to move forward, we will move this economy forward, create high-value jobs, doing things better for the
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small business it and average american citizen. charles: is that doable? are we at the point the rest of the world is nipping at our heels, we will never have that glory period. back to the glory days? >> the chips may be down. you don't bet against this country. the government structure in that innovation. charles: thanks a lot. another billionaire hitting a bill around their nominee. this surprises a lot of folks.
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charles: gop leaders frustrated over donald trump withholding his endorsement for speaker paul
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ryan saying, quote, he is not quite there yet. that echoes what we heard from paul ryan when he dragged his feet with respect to supporting donald trump. some say turnabout is fair play. >> it is down to the wire and trump is not supporting paul ryan partly due to the fact that trump's loyalty, ryan's primary opponent has spoken openly about how much he adores donald trump and paul ryan came out with a forceful statement for trump's opponent khizr khan. that led to a confluence of trump saying i am not ready to support paul ryan and i'm not sure paul ryan once trump's endorsement. we have not heard about that but my impression is there's a chance paul ryan is not worried whether trump endorses him because he already uncomfortably came into an endorsement of trump in the first place. republican support the nominee but don't often say i endorsed donald trump. charles: there was a message
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from the campaign yesterday that they will win without donald trump's endorsement. we are talking about the potential president of the united states who would have to be his closest ally on the hill getting together and pushing his ideas and policies through. would it help? the idea of unity which was the central theme of the rnc, is that necessary? >> i don't think it is necessary. even trump's supporters have accused him of errors in recent weeks and we hear from people all the time not just high-profile surrogates for the donald trump campaign but average trump supporters across the country who keep saying donald, stay on message, if you do that you will be the next president of the united states. i can't assess whether not endorsing paul right is considered an unforced error but doesn't go along way towards republican party unity. charles: there is the notion that they came out of the are in
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c with. what about john mccain and kelly i ought? he was hard on her. i don't know she ever declared never trump, but she distance herself but do you need as the new leader of the party to put your arms around certain people even if they are not your biggest fans? >> trump has written in on an unconventional approach to politics. the traditions of politics were somebody support him and he is supposed to support them back haven't applied to him because he has gone through the process of fighting with other people. that worked in the primaries where you have republicans who were against each other but in the general election the thinking goes you need a unified republican party because you don't need to alienate any section of your base. charles: my favorite sport is boxing and one of the reasons is after a hard-fought 15 rounds two guys look at each other who bang the hell out of each other and then they hug each other because they understand what they both went through.
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another big news item this morning, hewlett-packard's meg whitman, the latest billionaire to back hillary, she has the distinction of running as a republican, she is a registered republican, backing chris christie and she is backing the democrat because she is calling donald trump a demagogue. how damning is that? >> i don't know. i don't think a person like meg whitman comes forward saying she will support hillary clinton will do hillary any favors among bernie sanders supporters who think hillary clinton is too close to big money and not close enough to the middle-class and donald trump being the billionaire has come across as someone more sincerely close to the middle-class. the other thing that surprises me about this meg whitman endorsement is a phone call from hillary clinton, hillary clinton according to no assurances about the way she would actually govern yet meg whitman decided i'm going to endorse and support her financially, that struck me
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as amazing given that hillary has declared in public a lot of assurances that are opposed to the republican party and including things like saying on abortion, religious deeply held religious views have to change in this country. amazing things most republicans would never support under any circumstance. charles: we said this is a strange election year and it is. next, the thing that has france's president lashing out at donald trump again. this time he says he could actually throw up. we will be right back. i have asthma...
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charles: scary developments in the fight against isis at the washington d.c. metro police officer has been charged with providing support to isis through the first time in law-enforcement officer has been charged with the nicest related crime. the officer will appear in federal court today and we look keep you posted. donald trump catching heat for more world leaders with france president someone calling his behavior towards a the slain muslim american soldier sickening. you should focus on one thing
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right now and that's fighting a face. i will not sit and defend donald trump. he wants to do his part. he needs to concentrate on terrorism. you have his prime minister two weeks ago going to have to do end up with terrorism. learn to live with i don't know what it is that the french. that's 99 years. they never forgive a favor. charles: i went back after these major terror attacks and going back to paris. he ratcheted up in even more recently he's like okay, these are vile people, monsters server crash and show them.
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it feels like lip service centers in embedded ideology that counters everything they say anyways. >> they cower and hide and this makes bold statements. he repeated them very accurately. there is the beef. where are the attacks? they made some small attacks from their air force them from their navy and that is really not all -- that's all they've been doing. we have not seen from president obama or foreign minister hollande and a real concerted attack on aces. they are not. they would be moving heaven and earth to crush isis and prevent them. they are not doing it. >> the approval rating is abysmal. maybe 10%, 15%.
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the foreign leaders opining on other leaders. president obama train to influence the british active boat which backfired miserably on him. >> i think politics is politics. everybody's going to have a voice. even people overseas whether it's legitimate or not for voters to decide. the real point is vacated across the line and do him and him and so for everybody say what they feel. thank you, charles beard charles: more dnc leaders resign in. donald trump may not have a direct link to russia, reporting ties to the country of georgia. reporter: donald trump is making positive statements about the
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strawman in the region. it is completely legitimate to journalists like us raise the question why. particularly been a business man, what type of business interest as they have. if you look at russia as a whole, i think he did have a direct link and mrs. brown shorts came up with this interesting link to georgia. it is not the republic of georgia concerning russia, but also azerbaijan and turkey totht have -- he was part of a project back in 2001. what we understand from the tribe people is that investment, that project was supported a couple years ago because the economy in the region went to. what we have here is donald
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trump and he also points out the economy comes back in georgia and turkey where people can afford -- they will go back in there. we do have a direct link between donald trump and the region. listen, a lot has been said about why he has this flirtation with vladimir putin. president bush had a little flirtation, too. i saw whatever god. sunday night. mitt romney was viciously attacked by president obama because he said -- charles: that was a pivotal moment. >> donald trump is not the first leader to play ftse with vladimir putin. but you ask why would he do it? charles: marvin admiration with respect to two very powerful man
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to get the job done that has nothing to embrace others. i remember when george had the civil skirmish, russian tanks came in. i'm not sure how it would resolve. is that the person running the country is the affiliated with vladimir putin? >> i know russia got involved. i believe in next a piece of georgia at the time. this is where it gets interesting without getting too heavily into the geopolitics of the region, which i'm not qualified to do. i do know that the most powerful force in our region, the guy who controls the strings in the blood of respective vladimir putin. if you want to develop business ties in that region, it's always good to be good to begin with that guy. treated to this one is a little bit of a stretch, charlie. >> i think so.
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why would she say that the guy whose whole life is money is not looking to build business ties to a place and that his admiration for the guy running the place is not based on money. that would he a stretch. one impressive dude when it comes to the almighty dollar. charles: is running for president of the united states. >> all c. does this comment about his network. charles: in the meantime, a little gumption today. up 30 points. if we don't reject, we will have more in america's struggling. take friday and had. -- big friday ahead. retired tires retirement with e*trade. i'm in vests and as a vested investor in vests
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>> i am nicole petallides with their fox business brief. eight day losing streak. let's see what happens by the closing bell. right now the dow jones industrial average is up 33 points. the s&p 500 gaining four and nasdaq up about 10. energy materials, financial slipping away. wal-mart has news in talks to buy a web retailer to continue to take on amazon. the valuable customers and you can see wal-mart down about half of 1%. that would be valued at roughly $3 billion. earnings after the bell.
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tesla of courses in the midst of trying to acquire solar city. and then there is energy stocks with names such as marathon down 20 and 40% respect of late over the last 52 weeks. we will watch this after the bell.
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charles: the problems keep mounting. the 74-mile long traffic jam believe it or not.
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and causing major delays there and this is the least of the worries. we will tell you about it in the next hour. rumors that uber days after selling his chinese business may be public. we are almost bare. >> well, the rumors are there, but they are well within the requirement to have to disclose publicly what kind of finances are really going on with the investor cap numbers. they raise huge amounts of money privately without going public. half a billion dollars from the saudi arabians, for the saudi public investmeninvestmen t fund expanded in the middle east. 3.5 billion from the saudi's. charles: i am thinking, at least it feels to me the terms on its payroll to them than they once were before. the private violation continues to go higher and higher.
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>> i would make the case that the people who came in early around 2009 or 2010 where people who came in at the end of all of this. the 3.5 billion income i do want to take the chance that it's only 50 billion. charles: i'm really sure there will be long-term investors and i care about the initial public offering unless it crashes. we saw what happened with facebook. it went public, it crashed. to that point, they are done in china. simply because of its size. having given it up altogether, they recovered a billion dollars of what they are spending to compete in china. they just said goodbye. they have a 20% stake, which is worth about $7 billion. they are going to see some upside in china.
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trade to know they are at the point where typically a private company has all the pieces in place with a revenue stream. they wanted to expand further and they wanted to go public. would this be about that time? >> people up and speculating 2016 would be that time, but they demonstrate time and time again that they can raise the kind of money they need to expand without having to go. >> that we can agree on. eventually people want bigger payout. charles: you've got travis: mac to wait as long as possible. there's something unique about the tech sector. these people hate going public. they like to run it without interference. >> this is what bothers me about unicorns. you just talked about it. when they have a great idea and a great product or service and
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they know it's great concert to raise money, let's just say a billion dollars and ultimately they go public at a higher valuation of $80 billion. now they've got the american public you can get a piece of the action, too. >> i wouldn't say duping. let me put it this way. i am not going to go up against warren buffett. so what people buy in, what you want to look for is for situations like facebook. people got the inside track on his hook. look at what the potential upside is clear let's assume they did ipo. all they face is upset because they are going to eliminate the drivers in the future. their cost of doing business will keep going down in the revenue will keep coming in. the revenue this year is about $2 billion, almost double what it was two years ago. charles: i just kind of think it
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is that a leader of silicon valley -- call it divine nature of the risk with the public. true to think a lot, buddy. 33 u.s. military members have contracted the zika virus and yet another separate case in florida. brand-new details about a possible vaccine. this is serious stuff, guys. it is in our country. we will be right back. ♪
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in puerto rico. >> thanks for having me on today. as of today, the current count is 15 cases, many of these people come other 1600 people in the u.s. that has zika virus. these 15 cases in florida, specifically miami have contracted them through mosquito borne virus, which is a lot more concerning than we initially thought. right now you are right that nih, national institute of health just started today launched a vaccine underway. train to the mosquitoes are indigenous to the united states. >> the mosquito is called the 80s mosquito. that is the mosquito that is endemic to central and south america florida teeters the line in that endemic area appeared in new york, san francisco, chicago, we at the asian tiger mosquito that has not been shown
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to cause a problem up north. charles: we should be concerned because again we see where there's not been able to control this. in brazil they are saying the weather is going to help. they'll come to the olympics. no one is saying we can eradicate this. they are starting the trials of the vaccine. i do want to say dragging their feet, the little bit behind the eight ball. >> vaccines unfortunately take years. even if we even if lethal force, will it be available to help women are pregnant or childbearing age. >> the mayor of miami-dade yesterday was pushed back when i suggested the reports that the spring is not working the way it once did. maybe at some point in srd begun built up an immune system. >> that is scary. they thought it would be a lot easier. it is also found in insect repellent over-the-counter.
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this was supposed to be a foolproof method. and there are 15 cases in florida. charles: dr. kelley powers, really appreciated. 96 days until the election and donald trump is in the polls. plenty of times in the case. we'll talk to one of donald trump's closest economic advisers next.
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charles: this is "cavuto: coast-to-coast." i am charles payne and for neil cavuto. developing stories that the u.s. send $400 million just as those detained americans were released. like bourbon in washington with the latest. >> $400 billion in foreign currency in an unmarked plane in the middle of the night to iran. that is how the united states made a payment and the immediate
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aftermath of a prisoner. the obama administration said it was all part of a greater $1.7 billion payment to iran involved in a now settled a long-standing dispute arms payment. the details overnight cash payout has many questioning if this was really masked as a ransom payment. the administration has been pushing back today against the claim. listen here. >> the fact of the matter is the united states does not have a banking relationship with iran. they do not pay ransom. reporter: republicans say this is the classic confirms the long-standing suspicion. they shared this afternoon that trump will include make this an issue. >> by mr. trump has said dealing with iran is not a smart thing. dealing with a country would not
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extend the iran deal, but was part of this overall hostage payment. he said that he's going to look at the contract that was signed and make sure that the united states is not going to do it. reporter: earlier today, tribe called it an earlier scandal. charles: thank you very much reaction now. the obama administration saying the ruling and the hand that was back to 1979. are you buying this? >> charles, we all know the obama administration for years now has been taking deals with terrorist in terror country from the beau birdsall scandal and we released the prisoners from guantánamo to this case now and who knows who will eventually learn what the american government had to give up to get our sailors home a couple months ago.
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babies six to eight months ago they were captured in the persian gulf. this is the track record that the obama administration did for a long time. let's face it, this is part of the broader nuclear deal which was flawed deal all along. never should've happened and puts not only our interest that the nations of israel's interest certainly in harms way. charles: should the government have a steadfast never negotiate policy? >> my position has been since 1981 when we were freed 35 years ago that the government to have in mind of communication with those holding american in harms way. any time you reward a terrorist country. by the way, the iranian regime is still on this department international terror prison. you reward future behavior just
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like this that we've seen happen time and again. charles: cabin, thank you are a match. we appreciate your insights. >> thank you, charles, have a great day. charles: let's listen to what hillary clinton had to say this last week. >> i'm probably put a lid on iran's nuclear program without firing a single shot. [cheers and applause] now we have to enforce it and we must keep supporting israel's security. >> congressmen, the timing on this is beyond suspicious that goes back to 79 around the early 80s and the hostages released on the same day. >> it's got terrible presence in the media. the ransom payment on foreign affairs.
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the arms deal had been negotiated back in the 70s and the iranian revolution happen, to get this settled. it got settled, but we also know the obama administration was negotiating for these hostages back in july. two years prior to this. it just seems rather odd that the payment happened the same day that the hostages. it is supposed to be cleared through the foreign affairs committee. chairman rice talked about this today. but the obama administration. >> you feel confident that the deal we did sign with iran, this nuclear deal which many believe as they do fact to count down that it can be torn apart by the new administration to go when and reestablish this and come back and say we are going to abide by that. >> sure.
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number one, this is a terrible deal. we listened to the negotiations. this is not a good deal for the middle east. this deal can be renegotiated. the congress went to the u.n. and got approval through the u.n. the senate did pass a period that this was a bad deal. the next administration came back because iran has broken conditions with this deal. they've been secretly trying to buy nuclear technology and equipment to germany with china and russia proxy groups. this is in clear violation. they also said they would move in good intention. but yet they have been launching intermediate and medium-range ballistic missiles. the other reason you need those are for nuclear weapons.
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charles: representative cummings thank you very much. in the meantime i'm in the dow jones industrial average trying to stop a seven day losing streak in five years. this is a brawl over which candidate is best for business. things are heating up big time. hillary clinton flipping the lead with donald trump. we will give you a good read on this from a fresh read tonight by the 6:00 p.m. eastern time. we've got 96 days to go until the election. the question is can donald trump make his economic case? dr. ben carson's, he thinks so. >> the democrats only have one way to keep donald trump off message, to keep them talking about things that don't matter and to make this into a personality battle. they may possibly be able to win.
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there is no way they can win on the economy. charles: sarah westwood, it seems to me the low-hanging fruit. that would be one of the things with law and order that donald trump would discuss. the american public will have to make a decision. >> presidential elections to come down to the economy and obviously in a better position to take advantage because people are dissatisfied and you can see that hillary clinton is running for the third time of obama by highlighting the inequality that still exists, by highlighting the fact she's going to put people back to work and basically admitting the economy over the past eight years is a working. donald trump if he has the discipline to stay on message needs to make the argument every day methodically these distractions bogging them down
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over the past week. charles: what do you think the notion that democrats are saying and what i hear from some of them in putting hillary that the economy is going pretty good. it has made a huge rebound from where it was, but is thwarted in all of the wealth. they are taking all the money, making it while your paycheck has been flat common gearboxes slide around in a private jet. coupled with the economic scheme. do you think they have a chance of winning? the mac absolutely. they can't put into the state of the economy and blame the policies that have put it this way. the economic equality has grown substantially under president obama as a direct result with the policies in the financial crisis. they have to blame somebody for that and a 1% as their go to scapegoat when it comes to the economy. donald trump is planning to trade policies to nafta and the
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impending tpp bill. that is the reason why workers are out of jobs because the democrats have allowed the jobs to move overseas and is arguing very closely with his trade policy that job creation has to do with renegotiated his deals on a bilateral basis. charles: there is no doubt that is resonating. millions of americans focus on not one particular issue. thank you very much. really appreciate it. donald trump giving fpn clues, but no real details about his plans for an infrastructure fund. listen in. >> we will have to go out what go out with a go out what they find. we'll make it a phenomenal deal with low interest and we will have to rebuild our infrastructure. >> who would put money into the fund? >> people. ambassadors. the citizens would put money into the fund.
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we will rebuild our infrastructure with the fund and will be a great investment. charles: trump campaign economic advisor steve moran exactly how that works. he's talking half a trillion to a trillion dollars in the american public is tapped out already. where does the cash come from from the fund? >> i have not talked to donald trump about the infrastructure. talking about my own opinion rather than what the campaign is doing. if you would ask me about this, first of all the infrastructure is not public infrastructure, private infrastructure. the companies are not spending money and we are not getting the spending that is the real source of growth of the economy. that is number one. number two, what happened to all of the money? there is no massive increase under barack obama and nobody knows where the money is.
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we still have a lousy poor system. we still have bridges and the state of collapse. i think he has to take to the democrats to say you want to spend this new money, but she can't tell us what you did. >> there's a lot of quaint protocol, typical cronyism and all that stuff. the bureaucracy out there, ultimately if you really want this to go where it's got to go, how does a new president -- you've got these guys to inflate themselves on a local level and everyone is giving them along the way. >> you got it. the perfect example of is the $70 billion high-speed rail system in california the railroad to no pair that cost tens of billions of dollars. one of the things and i will tell donald trump, let's try to find ways for the private sector will build this out. i live in virginia. we have private toll roads that didn't require a penny of taxpayer money. they charge for it.
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there are all sorts of innovative ways you could bring the dread so we are going to bankrupt the governor. we are already $19 trillion in debt. talk about a massive increase in buyer wind. i don't think that's something the american people go fair. charles: i would like to get one tollbooth on the george washington bridge. after much that will cost me. >> okay. the kids, grandkids, great grandkids. give me one boots. before i let you go, this used to be a democrat sort of issue. this used to be the democrat issue of infrastructure spending. ultimately, it may get you may get you votes and we need to fix our crumbling infrastructure, the longer-term effects and other ideas particularly with jobs to spark the economy? >> one thing i forgot to mention.
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what donald trump should lead with is the keystone pipeline. you keep talking about were infrastructure. not going to cost the taxpayers a penny and your state department held us up for five years and is still being held. smart infrastructure spending, that you got to do tax reform, regulatory relief. regulatory or legal substantially reduce the cost of the infrastructure project. the davis-bacon mac basically requires union salaries and all these infrastructure projects. they do it for 30% less cost. charles: 179,000 jobs that the government number on friday. that's enough to sustain the recovery. guys like bringing the economic vandal created jobs and you do have some economists in okay
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shape right now. >> you know who disagrees with that, charles? the voters. that's the problem. hillary can stay mourning america as long as she wants to. just look at what the american people are saying. this american economy is totally stalled. they are financially stressed out. a pillar was run on the message everything is wonderful with the economy, she ought to do that. she can't run, but she can't hide. trump day after day has to pound her on this abysmal economic performance. we downshifted 1%. presidents and parties don't get reelected. charles: there's absolutely no doubt about it. i know you are like the ultimate diplomat in stuff that's gone on within the party. that is the track from the ultimate message, and easier message. >> of course it does. paul ryan is a hero of mine and
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donald trump is a hero of mine. i hate to see this within the party. we have the most important election i believe since 1980. let's get our act together. let's fight together. you look at what donald trump is talking about on taxes and regulation. there is not a whole lot of difference. what are they arguing about? charles: steve moore, you are one of the best in one of my favorites. >> thanks for calling me a diplomat. okay, take care. charles: fallout from the d. in the e-mail hack. you won't believe who saw this coming. next. you didn't read your car insurance policy.
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charles: fallout continues from the democratic national committee. the fbi took months to one democrats that they suspected a russian hack. posted dnc officials stepping down amid the controversy. tim summers if this could have been prevented. it could've been prevented just knowing the nature of hacking on what's happened with russia and china and with the fbi even know it's crazy they allowed this to happen. >> there is a near-normal and that is what the dnc is seeing right now. we say that there's two types of organizations that know they have been hacked. the dnc is learning the highway. >> the fbi looking into this. we will chill out for a little bit. imagine that. it was a diplomatic rates through. we know this stuff is going on.
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what does an organization like to be in fear hillary clinton's campaign, what should they have done for protecting themselves? >> the writing is on the wall. pay attention to what they have been saying. the intelligence community knows that there is a 24 by seven cyberoperation between the u.s. and russia and china and all the other adversaries we have out there. the dnc really needed to pay attention to this. interestingly enough, the type of hack that we hear them have evidence of showing the social engineering attack her, enough, for example, that allowed the hackers to get into the dnc. 95% of all cybersuccessful attacks have been through social engineering. the dnc needed to pay attention to the very simple things we been saying the whole time.
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charles: to the degree of difficulty, would this be like hacking 101? >> this is stuff that a 13-year-old could go from their basement. of course here we are talking about the first time in american history where we are seeing hackers, malicious hackers play a role in trying to sway a presidential election. that is what really makes this stand out. charles: it makes it stand out that these organizations are so flat-footed and unprepared. where we are with the threat of cyberterrorism, cyberwarfare, cybereconomic shakedowns that every major entity as a target, particularly one that could control the purse strings of the most powerful economy in the world. >> we see all types of crazy data including a social security number is the sum of the nations most to me. here's the other thing about this. we are talking about -- we say
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that people the most are the ones that plan your next major cyberbreach. we sought e-mails of officials within the executives from the gmail accounts and this was a total mess up on the dnc's part. charles: you think there's been warnings that another will be released perhaps on the eve of the election? >> for sure. just looking at the data out there right now, it is pretty damning. coming out and say you know please got really juicy stuff we are going to release. the dnc should be can earn. the clinton campaign should be very concerned as well. charles: tim summers, thank you very much. obamacare future questioning. what does it mean for your health care? an entire warning to ask the ad ad -- fbi and after this.
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>> we have to find a way to greater risk adjusting mechanism to manage that. it is a high-risk pool. let's call the high-risk pool to manage it that way.
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charles: so far donald trump may not be endorsing speaker paul ryan for an election day, but his running mate just said he is supporting ryan. a lot of back-and-forth on the republican side. in the meantime, one of the latest insurers to question obamacare's future. our very own liz claman spoke to the ceo yesterday. let's take a listen. >> people have figured out, not the patients themselves, but other third parties have figured out how to get people eligible for the exchanges, get them able to cover very expensive drugs and procedures. these people made these need these procedures and they need these drugs. when you couple that with a risk
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adjustment mechanism for high risk people, there really is limited by virtue of legislation. it causes everyone in the system to lose money. charles: the countdown to the closing l. host with me now. aetna having second knots. liz: they really are. mark bartolini, the chairman and ceo was pretty much on board. they have a footprint for the affordable care act exchanges and about the teen states. now they are standing on the brakes. he is telling fox business they will stop what they're doing for 2017 and reevaluate everywhere they are. count down to the almighty dollar losing $300 million on the exchanges this year. didn't kill their earnings. what is this telling you, charles? he says the way to set up, specifically the risk adjustment issue, the way it is setup is designed to cost way more than it's supposed to. for people who don't know what
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risk adjustment is, i had to look back a couple times. it calibrates innocent payments to health care plans based on the relative health or sickness that the insurance pool. what does that mean? if you have doctors who tend to do well when it comes to the worst kinds of cancers, you are going to attract patients with that. they should be given more money to cover those patient who are covering back kind of constraint health problem. charles: from what i understand, one of the problems is the imbalance. people signing up it will need medical help very shortly. older folks. the younger people if they all pay fine. i cannot afford it. >> to younger people who say i'm in. obamacare basically litigated that you demand a broad panoply of services. younger people don't need as much, charles. that is marked for delaney's issue.
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put them in a separate area. give them not the minimum, but your basic test every single year and then put the higher expense of individuals into a different area and work the money around. charles: one of the provisions for the first couple years have paid insurance companies and having thus inspired, does not play a role as well? it feels a little disingenuous for the companies to opt-out now that we are losing. in the past that taxpayer was make enough -- liz: i don't know for you to shut it, but we looked at the stock price is and how they've done since three years ago october when the exchanges when up and running. they are all up double-digit percentages. my dad was a surgeon and he used to say look at their buildings. they had these tall glittering skyscrapers. the insurance companies do just fine. what is going on here?
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i believe mark bartolini and that he says we can fix the affordable care act with a tweet or two and that would work, but you try getting something done in d.c. right now. it is just too difficult. charles: this is a major issue, something a lot of people thought would have been, but to watch it unraveled the way it has is really tough. thanks a lot, appreciate it. we will spark some optimism investors. right back after this.
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charles: another big deal could be in the works in the health care space. biogen drawing answers from rival drugmakers merck and maybe allergan. a question to lenore hawkins, whether big deals are a sign of improving economy. lenore, a couple of schools of thought. the companies begin to merge, well, they see the economy turning and want to be prepared for higher demand. the other school of thought you have a couple companies saying hang in there while we can and weather the storm. >> we've seen mostly in this cycle with most of the mergers and acquisitions have been management desperate to generate some sort of bottom-line growth because we're in a low to no growth world. we saw the first half of 2016, we had a measely 1% gdp growth, and the global economy, it continues to slow.
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quarter after quarter we have everything growing more slowly. you have got trade decreasing. when you take the two companies and merge them, you get same top-line sales but cut out duplication of effort you grow the bottom line which makes investors happy. charles: wall street term is synergy. euphemism for getting together and fire a bunch of people. these mergers are never good news for main street. >> no. charles: from demand point of view is there a urge to bulge up because we might see things turn the concerner. >> not so much because we're turning the corner because you will have a lot of bankruptcies. what will be great for the economy longer term, you have all this productive capacity and energy generation will essentially go bankrupt. we're seeing oil prices continue to go down again. so these giles will not be able to pay their bills.
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that means the big guys, the survivors, will pick up productive capacity for pennies on the dollar. long run their cost of production will be a lot lower. lower energy costs is great for everyone except of course the energy producers at the time. charles: i know i see that playing out right now in the fracking sand space which i think will be super-duper hot. i want your take, we're toward the end of this current earnings season. a lot of beats and even on the top line, guidance is still mixed. you feel anxiety. still cut it with a knife. what is the deal with the corporate earnings situation? >> how do you generate great top-line sales revenue when you got very little growth? what we saw the last quarter, it was really all about the consumer. now that is a hard thing to have, continue to advance when you have got businesses, no longer investing in their own abilities to be more productive in the future, right? the business capital is declining constantly. that means they're more focused on the here and now, with
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dividends, with share buybacks. that means businesses will not be able to produce more with less. that has been the hallmark of how our economy has grown, so strongly for some decades. at some point that starts hitting the consumer because we don't have more effective businesses. we have economy struggling and we've also got where the consumers, those baby boomers, the first baby boomer hit 70 this year. the median age is 60. those guys are looking to invest and save for the future, they're looking to start earning off of their savings and eventually start selling assets. that means aggregate demand goes down because they're not buying so much the you're not upgrading to a bigger house or new car. charles: right. >> the same is for much of the developed world. charles: what do you see with respect to the stock market and economy for the second half of the year? >> i think we still have a ways to go. there is definitely more downside risk than upside potential from a fundamental perspective but after "brexit" we had all the major central
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banks in the world, the bank of japan, the european central bank, you had the bank of england, all of them said, we're going to get looser and looser with our monetary policy that means the market flush with more money. where does it go? keeps going into the stock market. as long as people believe in omnipotence of central bankers, stock prices go up until that moment happens when we say uh-oh, they can't solve our problems. charles: people wonder if they can solve any of our problems. >> markets say just a bit, more, just a bit more. it will work. charles: see you real soon. >> thanks, charles. charles: reports out that rio officials are battling a security crisis days ahead of the olympics. we'll bring in details right after the break. i have asthma...
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charles: health officials are clamming down on the zika virus spreading in a neighborhood in miami. one biotech ceo wants to fight zika with a army of genetically modified mosquitoes. take a listen. >> these mosquitoes are non-native to the u.s. they shouldn't be in the u.s. and they're astonishing difficult to control with insecticides. we're using the mosquito against itself. we send out males because males don't bite. they mate with the females. the engineering, the clever engineering we've done is the offspring will then die. charles: executive director of florida keys environmental coalition, barry ray, who is not a fan of this idea. barry, you know, it sound like a pretty good deal. you don't have all those sprays that eventually these mosquitoes become immune to. seems like it doesn't harm anyone. why would you guys be opposed is it? >> there is a little bit of difference between science and vetting a product properly and then having somebody market a
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product. first off, what you may be interested to know is that all the things that hayden perry just said aren't necessarily accurate. all the mosquitoes don't die. first off, 50% of the mosquitoes live. that is natural genetics. this market-speak they promote all sounds great but there are some nuances that are important to understand. another one is that this product has been vetted by the fda under the center for veterinary medicine, using animal drug regulations. as dubious as it sounds, it is, it is animal drug regulations. they haven't done a very good job of proving their science through the regimen that it really needs to go through. that is the only thing we're objecting to. what we believe could be viable technology, wouldn't end up being the best anyway. and, what we're debating over is an experiment that would happen in the keys. charles: right.
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>> so if this experiment goes forward, say it goes forward tomorrow, everything gets a green light and goes forward, there will be two years before you can effectively use this as a product in mass use in the united states or anywhere else in the u.s. charles: but barry, wouldn't we know sooner though -- in other words, we see, we see what's happened in brazil. we saw how quickly this virus spread throughout puerto rico, and the notion now that the actual mosquito itself is in florida, first time ever, that we've had a travel warning for a state or an area in the united states, aren't the risks so high that this mosquito could somehow spread, even further, that maybe it's worth a shot to try to in the neighborhood? >> there are several other alternatives we think are more promising. things like a natural bacteria that use what is we call sight toe placic incapability and that
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kills 100% of larvae. it has never been associated with human problem, it has never, been around for a long, long time. find it on 60, to 65% of mosquitoes worldwide. they use it to create a system with these mosquitoes where they infect male and female. when they do that they can't carry zika, dengue, chikungunya, west nile, yellow fever. that is what happens. to hear that gmos are the panacea is really kind of a fallacy. it is a neat product and should be one investigated and vetted properly to use for a tool. we're fully on board with that but we expect i had to be vetted properly. charles: i know gmos are four-letter word to you guys, greater society, risk of dangers, we're playing with fire right now. we may want to use every tool at our disposal. appreciate you coming on the show, barry. thank you very much. >> let me have one more say. i agree with you, gmos are exactly the issue.
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there is no proper vetting process for the technology. charles: i guess what they would say, because we have potential epidemic on our hands, where women in america could give birth to deformed children maybe this would be the proper vetting solution, maybe this is ideal vetting solution. maybe we can turn lemons into lemonade. this is ideal time and place to perhaps to try this. seems like there would be no harm or risk to human beings and maybe we save a few peoples lives and misery. that is what they're seeing. i have to life it here, buddy, we're finish on this part. this window is closing. guys, by the way, zika is concern is real, so is security. brazilians are ramping up so much they have a military presence ahead of friday. but there are reports that there is lax security throughout, including around the stadium. want to go to former nypd sergeant manny gomez whether the deep security concerns in rio are justified. i would assume they are after what we've seen in the world?
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>> absolutely. we heard about the problems they have with the swimmers. we've heard about other problems with their stadium, but as of 48 hours, this is going to be launching and they got rid of their contract security company and bringing in the military. these are things -- charles: just now on the eve of this, finally make this decision which obviously had to be out of desperation. now they're bringing in the military? >> they're bringing in the military. they're not trained for this. the military is broad sword, not a scalpel. law enforcement should be trained and should be handling this matter. obviously they don't feel comfortable enough in their law enforcement. clearly their private security contractor failed them. here we are 4hours before the e-- 48 hours before the event and it is scrambled eggs. charles: we've seen reports isis recruiting in brazil looking for portuguese speakers. all they need to do reach one, reach two, that is all you need
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to turn the world's greatest display of, sporting event into an amazing tragedy. >> absolutely. make no doubt about it, they are trying with every resource that they have. they're able to recruit 50 people a day internationally. they're focusing every resource they have. charles: didn't we send american advisors down to help out? >> absolutely and i'm sure we have. the problem is, brazil, when we do something of this magnitude like the rnc, dnc, we plan years ahead of time. everything, no small detail is left unattended. clearly they have not done that. we are 48 hours before and they are just scrambled eggs. charles: thanks a lot, manny. hoping for the best. >> absolutely, thank you. charles: fox news confirming republicans close to donald trump are looking to stage an intervention. they're not happy with some of the dust-ups trump is getting into and they want him to stay on message. we'll bring updates. time warner's big bet on hulu.
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what it means for streaming. the future of cable tv next. ♪ you pay your car insurance premium like clockwork.
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liberty stands with you™. liberty mutual insurance. charles: time warner reporting, beating expectations. betting big on hulu buying 10% stake in the video streaming company. ashley webster has details. that is a pretty big bet. reporter: that is 583 million bucks but this is where tv broadcast something going. what is smart of time warner, they didn't want someone on the board of hulu, so they can pitch their content elsewhere and be able to do that but i think is a smart move. remember the days, you get a cable package. 300 channels which you watch six, maybe. charles: right. >> not going to watch basket waving in hungarian challenge nell.
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charles: i was channel surfing 30 minutes later to see if it was still on. it is still on. >> such a guy. time warner can put its channels on to hulu and allow people, especially millenials, to really pick and choose what they want to watch. you were saying in the commercial break, your son looks at the laptop, doesn't look at the tv. my son is the same way. what is interesting, last year if you remember, media stocks got absolutely hammered on the cord cutting fears. charles: right. >> those fears are still very real but almost like somebody's come back from digital, back to regular broadcast cable subscriptions and revenues. they're doing better than we thought they would. but long term? yes. charles: no one, wants, except me, spending 30 minutes going through every channel over and over again. >> media companies have to in this ever changing world and fast-changing at that. this is where they're going, online streaming. that is the way it is. netflix, amazon, hulu, big players, others will come along.
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in order to be seen you have to provide content for those platforms. charles: that is exactly what they're doing. what ultimately happens with the big boys, disney and comcasts of the world, time warner? >> disney has talk of cord cutting. espn subscribers and revenue going down, cbs, all of them will have to reevaluate where they go because as we get older and generations move on, these younger generations interesting to me, how many people, you have smart tvs, but my kids and a lot of kids they have their head down. it is tablets and laptops. charles: that all my son does. >> doesn't watch television anymore. charles: they watch snippets. >> vine and all of those, six seconds. charles: he will show me a funnily little thing. >> my son does that too. they won't have any attention span. charles: they will have a long attention spans. >> longer than 30 seconds forget it. charles: so funny we talk about the demise of certain things. >> yes. charles: always takes a lot longer, if ever for that demise
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to really occur. >> it does. the media companies, megamedia companies they are so well-diversified. they have film studios, and lots of other options. disney has the parks. comcast with nbc universal. they're all spread out but the subscription revenue and traditional broadcast is going the way of the dinosaur. it is a question of when and who benefits from it. charles: thank you very much. catch ashley webster on "varney & company" on every weekday. we just notch ad big win over cnbc last month. ashley, you guys are killing it. >> drinking champagne. charles: thank you very much. will the dow avoid a losing streak? if they do, would make it the biggest one in five years. we're holding on by a thread right now. we'll be right back.
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charles: quick updates before i handed over to trish regan, the obama administration warning
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point money is running out. funds are being exhausted calling on lawmakers to get more money for the fight. oil back above $40 and the dow trying to snap a 7-day losing streak. i will be on it tonight on making money, here is trish taking you through the next hour. trish: a bombshell report from the wall street journal that the united states delivered half $1 billion in cash to iran in an unmarked cargo plane on the same day that iran release four american hostages. the obama administration is saying nothing to see here, critics argue that cash payment amounts to ransom. one of the reporters that broke this story will join me in an exclusive interview. welcome, everyone, to "the intelligence report," i am trish regan, the wall street journal reporting $400 million in cash was airlifted to iran on the same day four americans

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