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tv   Cavuto Coast to Coast  FOX Business  August 22, 2016 12:00pm-2:01pm EDT

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>> well, the first tens of thousands showed up all the private classified information. anymore of that on these 15,000 documents? we don't know. our time is up. i do know that. i know that charles payne is waiting eagerly to take it away. charles: we'll continue to speculate right now, stuart. don't worry about it. in the meantime trump continues, while hillary clinton is taking a break from voters. this is cavuto: "coast to coast" i'm charles payne in for neil cavuto. donald trump set to pound the economy in ohio today. moving from swing state to swing state looking to cord latino and black voters. now, she's taking a break from the campaign trail to hold a big stretch of fundraisers. so does did happen trump have a opportunity to complete a turn around. democratic strategist jim green. all right. guys, hillary, she announced a big ad buy. $80million but left out a couple of swing states. she hung out with cher.
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but feels like she's put it in neutral. she's trying to coast to the finish line here. >> i'm a little confused, charles, how could she be taking a break from the campaign if she's raising money for the campaign? she's doing this things that campaigns for presidential candidates typically do. just because donald trump doesn't get how elections work doesn't mean you change the stript. she's raising money, building the ground game, every time she's speaking to voters she's saying we are hiring in these states. she's actively understanding how quickly critically this election and. she's not taking the break also it was her husband's first day last week. >> well, she was active in louisiana like donald trump. donald trump proved by going to -- >> that's not true. >> going to baton rouge that he is a leader of action. hillary clinton is a leader of focus groups. she is passive leadership, and she's demonstrating that. she's going to play this very
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carefully every step of the way so that she doesn't insult, doesn't push off any of the demographics. look, they're very structured and specific whereas donald trump is talking about rising all boats, all americans. the democrats like to break people down by their smallest common denominator and give them handouts. donald trump wants to cut taxes for everybody, take regulations away from small businesses, and raise everybody up, including people in the intercity. >> kind of sounds like -- >> and democrats typically don't do that. >> kind of sounds like stronger together, what hillary clinton has been running on for the past year and a half while he has been trying to divide this country, while he has been pointing fingers and making personal attacks at veterans. >> you're just uncomfortable with facts. you're uncomfortable with the facts of the open border and no jobs for eight years of barack obama. eight years of wage stagnantation. >> hillary clinton asked her supporters to donate to
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louisiana. talked to the governor who did not want her down there at that point. >> and donald trump -- >> donald trump -- charles: he was -- the governor said he didn't want -- that it would be tough early on for president obama or anyone like that to come down, considering they needed all the manpower. but he was appreciative of donald trump coming also because it highlighted the plight down there, which i think we do. we don't live there. we do -- everyone else in america didn't get, and i think we all get it. it's a major catastrophe, and some people do wonder why it -- there seems to be different levels of compassionary levers if you will when it comes to president obama. one thing to say you won't go down to first, second, third base. he didn't make a big speech about it. he didn't extend his, you know, i mean people are concerned about that. i think earlier lost out big time last week. him and hillary with respect to louisiana. >> look, i certainly agree, charles that the tragedy down
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there was not getting the attention that it deserved. and whether it's president obama or the media who has this idea that they're not going to pay attention to what's happening in louisiana unless donald trump -- unless the president's down there. there's something broken there. but clearly the president on vacation was actively engaged in making sure that the federal government was responding in every single way possible. >> but you just said it didn't get the attention it deserved. . charles: well, the agency showed up. we know that, and i think everyone i've spoken to, we're going to speak to a guy in a moment seemed happy about that. but some people wanted the moral support that could only come from the white house. donald trump accused of backing off now, his plan to deport millions of illegal immigrants. but is this surely a change in his stance? is this new? blake burman is live in dc. >> donald trump trying to argue on this day that he is not flip-flopping on a key part of his immigration stance. this issue reignited over the
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weekend after trump met with his newly informed hispanic advisory counsel and his new campaign manager kellyanne conway said we would be quote to be determined. that's how she would put it if trump would continue to call for the mass deportations of millions of undocumented immigrants. however, you'll remember during the primary season, trump had called for a deportation force. watch here. >> we're going to do it in a very human fashion. believe me. i have a bigger heart than you do. we're going to do it in a very human fashion. very human way and nice way, and they're going to be happy because they want to be legalized. you're going to have a deportation force, and you're going to do it humanly. >> all right. so two things to note here, charles. the campaign and conway said this morning on mornings with maria, they are trying to make the case as you heard trump there that he has said all long that he wants to come up with a huma humane solution.
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however, it appears that trump is distancing himself from the deportation force or as you hear him say rounding them up. charles. charles: blake, thank you very much. we have new developments in a hillary clinton story the judge organized the state department to expedite 15,000 e-mails not previously disclosed by hillary clinton. hitting back at clinton's claim that he's the one that advised her to set up the server. powell telling people magazine quote her people have been trying to pin it on me, the truth is she was using a private e-mail server before i sent her a memo. . the numbers are staggering. 15,000. where did that come from? no one knows. >> really -- >> we do know, charles. charles: okay. >> i know she has taken responsibility, she has said it was a mistake, she has sat down for interviews with the fbi, they have moved on from
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this. the only way that some republicans, establishment republicans think that they have any shot of beating hillary clinton is to keep this drumbeat going. charles: but she's not helping herself. 15,000 pop up out of left field and when she tries to bring powell to the conversation and he says i don't recall this dinner and i certainly don't recall this e-mail stuff. >> well, brought powell into the situation right now, i imagine this documents that were sent to members of congress and why hillary clinton wanted them to be released to everyone at the same time is because they didn't want these little bitty leaks with people with political agendas on capitol hill want to do. so why couldn't we all see what the fbi notes were at the same time? the media, the voters, and the -- charles: the message to future politicians running for office, don't set up your private server if you don't leaks later on while you're in the midst of running for white house. let me ask you about this.
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did trump change on immigration or is it really a change? i did my own poll on twitter this morning. you know, i would say the majority of trump fans are okay with it. some aren't. he's a law and order candidate. he said he would round up these illegally get rid of them. what do you see? >> i think what's going to happen, charles, is donald trump is going to focus on the first priority. which is to secure the border. this is what the left and the news media do all the time. they try to draw -- charles: well, hold on a secondly. he met with the latinos over the weekend. he's these are two week areas for them with respect to polls. and key be making an adjustment? or has he always said this might happen? >> look, he said it might happen. he could be making an adjustment. but that's what demonstrates he's not a typical politician like hillary clinton. he's willing to sit down with the people who are most affected and represented by his communities, most affected by the policies and, listen, drawing in information. hillary clinton as opposed to to that is basically saying, look, barack obama's been great for eight years, best of my knowledge continue on what
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he's doing. devastating our economy, causing national security climate in this world that is in crisis, hillary clinton wants to continue that. donald trump on the other hand sits down with latino leaders and says "what do i need to do to make a policy that works in this country?" securing the border first and foremost, holding law and order across our country, but then also setting a policy that's going to work for america but also is humane. those are his words. this guy's a humane actor and set up a policy that works for america first. >> in the words of the hispanic chamber of commerce too little too late. this man launched his campaign on the backs of hating mexicans. >> that's just false. that is -- what you know? this is -- classic. you called republicans racist. hate is racism. >> attacking mexicans. and now 70 something days out, he's not even trying to appeal
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to the latino voters or african-american voters. this isn't appeal for the moderate republicans, particularly women that have left his campaign in droves because his campaign is in crisis. >> just made a huge appeal to minorities by saying what do you have to lose by trying something different? >> they have everything to lose. they have everything to lose. i have something to lose. charles: although. >> are you saying i have nothing to lose? . charles: one thing we should say, though. we can't have it both ways. we can't say the republicans never court blacks and when they do, they're upset. you could be upset with the ways but the idea he's reaching out, you have to say it's a step in the right direction. >> minorities can enjoy this economy in the -- charles: you know what i found? >> i want it to be. charles: what you think let's stop that. hey, the bottom line too is we know that a great economy, everyone benefits. we can lift the tide, all benefit. >> amen. charles: meanwhile in louisiana the flooding has
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subsided but the cost only going to continue to bloom. possibly into the billions. jeff flock is on the ground in dennum springs, louisiana. jeff. >> the billions, i would say that sounds about right, charles. take a look at this. you know, it's funny. rush limbaugh sometimes talks about the drive by media. although i agree with him sometimes, driving by isn't the only way to get the enormity of this. if mark is able to get up and spin around. this just goes on and on and on block after block after block. we're in the town of denam springs, which is one of the numerous towns that have been hit by this flood. and i tell you every single house all of its possessions gutted, down to the studs in a lot of cases you see the insulation out here and the drywall. boy, the president when he gets here tomorrow, charles, i think is going to be shocked. when you see it up close, it
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will be shocking i think to him to see. . charles: jeff flock, thank you very much. we appreciate it, and we're going to come back down and visit you more off the as the day and show goes on, we appreciate it. and as this damage is growing, there are calls to do more. but the top guy in fema telling me insurance is your best bet. not the government. >> part of this is about responsibility and sharing that responsibility. again, we know that our programs don't make people whole, but we are working to give people places to stay and start that recovery process. but this is where it takes a lot of other agencies and resources to get people back in their homes. and, again, as we've seen time and time again in disasters, there is no substitution for insurance. charles: business shut down and home disimagined from the flooding, but he only has insurance on one of them. sam joins us now. sam, that was the director of fema. i'm not sure you can hear him. but it was talking about the
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precarious or the government has, live and build in areas that are high risk, and i know your area wasn't designated as a high-risk area. but is the government in your mind not doing enough? >> well, i'm not sure yet. fortunately they declared our area, disaster area very quickly on after the flooding set in, which allowed me to get in touch with fema fairly quickly, and i'm awaiting a return call and inspector to show up at my residence to see what kind of assistance they can provide. as of yet, i haven't received any answers or really any indication of what they're going to be able to do to assist me. charles: sam, what did you have the insurance on? your home or business? >> the business. my business was insured, my residence was not. charles: do you think this is a good time, and i know every time we have one of these disasters, it becomes part of the public conversation, what the role of government should
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be with insurance and the risk of that? >> absolutely my home is in a higher risk area than my business is, which may be insurance for me just prohibitly expensive. i couldn't afford it for my home, which needed it more than my business. charles: isn't that a crazy conundrum? >> i know we look back at katrina and new storms popped up after 9/11. people are hopeful that these things will happen. are you hopeful for that perhaps the rest of the country doesn't know about? >> not really. louisiana is a resilient state full of resilient people. there's been nothing but an outpouring of love and support for each other since this tragedy has struck. we don't tend to wait on the government any longer than we have to. we help ourselves.
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charles: yeah, i've got to tell you. everyone is impressed with the cajun navy in the way all of you guys came together. we hope everything turns out okay pow, sam. >> thank you, charles. charles: all right. see you soon. new attack in turkey. new warnings from turkey's prime minister. what is he suggesting and how the fight against terror could depend on it?
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built for business. charles: fall out from that terror strike in turkey. a child suicide bomber attacking a wedding leaving 51 dead. isis is being blamed for the attack. but turkish prime minister blames assad for not preventing these attacks. he says there's no role for this syrian president in syria's future. former navy seal carl
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disagrees. so you're saying getting rid of assad would be the same thing we did in iraq, same thing we did in libya, same thing we did around the world in particular where the vacuums are too large and create a worse situation. >> look, i think it's out of the terrible guy doing terrible things but with that said, look what happened in iraq. doing the same stuff. a heinous murderer. the problem is what is the plan ten years down the road? are we going to maintain long-term occupancy? because if we pull out of iraq, now you have isis. i don't like them there particularly myself, but we don't have the resources, we don't have the funding, we don't have the public support in order to maintain stabilization in that region. leave them there, let them do their thing, it's not our problem. charles: what about the idea there are there usually resistance force within those countries. how come we haven't been able to elevate leaders? for instance, collin powell says we hsu left certain
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general positions left in iraq so that they could be the ones charge in creating the piece. >> what happens is you have a number of joined chiefs advise this regime under barack obama. the fact of the matter is we as a can be don't understand. from those syrian rebels was born isis. okay? so assad was fighting the rebels. charles: the same syrian rebels fighting right now? >> a fraction of them. they didn't start fighting assad, they started fighting the kurds and the rebels they came from. we don't understand the situation well enough in the region to jump in and overthrow a dictator. we just can't do it and if we haven't learned anything from the war in by your be look at this very carefully. charles: so the moral high ground that america has put itself on, the world's policemen. when someone like assad barrel bombs his people with
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gasoline, his father was very destructive. >> yeah. charles: do we just turn a blind eye and hope it stays within that country and whoever gets slaughtered just gets slaughtered? >> maybe we should have a region in the area maybe turkey if they want to lead the coalition, if they want to put the region of the resources. heck they were buying all the oil a while back. they have the money. maybe they can lead and we take the lead from them. charles: these are our, quote, unquote, allies and they have billions of dollars, they don't take any refugees. >> we're looking at this from the thousand foot view and say assad is such a bad guy. let's overthrow him but the people in the region who understand the concept of that ideology are not getting involved for a very good reason. we should take a lesson from their book. i don't like learning a lot of things from other countries because i think america is better than any other country,
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i mean look at the olympic medal count. but we have to to take a page from their book and say why not get involved? . charles: libya there was a threat of oil being cut off by gaddafi being able to stang he will italy's weak economy. do we allow a powder can he go to develop in the middle east that could eventually swamp europe? >> it must be contained at a level, knowledge la merkel is step accepting refugees off the charts yet causing a massive problem. we have to be willing to contain, and it's going to overthrowing a dexterity that is a measure of stability. not great but not a measure -- it is a measure of stability in the region. charles: carl higbie, thanks a lot. >> thank you. charles: the billionaire battle between mark cuban and carl icahn, but they told our
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charles: well, ahead of jackson hole the size of a federal reserve chair janet generally going to speak about the fed's future here at the big summit later on in the week. but fed vice-chairman stanley fisher suggesting that the economy is closer to hitting the fed's target hike. to market watch gary, what's got some investors rattled here? the market, by the way, all over the place. we'll be up 60, down 20, up 10, down 50 up 10. but, gary, it feels to me they're getting us prepared, you know? because they've got to get wall street prepared and make sure that they know a 25-basis point hike is on its way. >> my goodness, a whopping half percent should kill the world. look, here's the problem. every time the fed opens their
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mouth, it changes the playing field, it confuses, and we're in a situation right now where i don't think they can do anything. you have central banks around the globe printing two to three trillion a year right now to keep the economy up, the markets up. if they try to do anything different, i've got to tell you. look out below, that's the way i see it. charles: although, gary, at some point it's unsustainable. i understand they can't just keep printing money out of air, but there are consequences that the central banks around the world must recognize themselves. >> well, first off markets very simply are going to be in very, very big trouble. they are now addicted to central banks. you know, charles, negative interest rates, think about that. what use is negative interest rates if there's 13 to $15 trillion of that. you know, it used to be when you lent somebody money, they have to compensate money but not when you rig and manipulate things. for me, the big worry is markets around the globe are addicted to all the things
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central banks are doing. it started with ber not that i can thinbernanke and all over europe, and it never ends. and easy money is what caused the housing problem. i'm worried about the largest easy money policy in the history of time when all was said and done. in the meantime markets act fine with everything is a okay but at the end of the road is what i'm worried about. charles: but, gary, we will -- if we get 3.5%, right now the atlanta fed said the current quarter could be 3.6%, what stanley fisher said yesterday is going to resonate. the fed is going to have to raise rates. now, the debate will be september, november, or december. but they will have to raise rates, and had have to do it this year. >> they'll come up with an excuse whether it's brexit or the mets not making the playoffs, they will come up with a reason not to raise rates. charles: in that case they'll never raise rates.
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>> that's right. just remember the last time they raised rates that little quarter of a point, the market dropped here 10% and markets recovered because the europe, the uk, china, japan picked up slack to the point they're printing about 2.5 to $3 trillion, and here's the big win. they're buying up their markets. they're buying up their bond markets, they're buying up their stock markets. that's what i mean by rigged and manipulated. charles: right. >> and the outcome is the big worry for me. and we'll see. i don't think these central banks can find the atlantic ocean on a map. they keep predicting things that never come and, look, we'll see what happens next go around, but i don't see any fed rate hike. charles: we'll have two questions. can the fed print forever and ever? and how many licks does it take to get to the center of a tootsie role pop? we're talking about carl icahn and mark cuban going after, charlie gasparino is here to break it all down. he's next ♪
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charles: it's the twitter battle of the billionaires. carl icahn in one corner, mark cuban in the other, and they duked it out over a series of tweets over which candidate was better for the economy. mark cuban tweeting the trump can he if you understand rum, his voters don't gulf while nonvoters golf and are at high end business travelers.
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gasparino saw all of this. >> and no stranger to mark cuban and carl icahn. i know both men, i happen to like both of these guys. they're both straight forward. and i think in their twitter battle and some of their comments you can see the economic plan between donald trump and hillary clinton. you know, we should point out that we reached out to both of them afterwards my point is that carl was overreaching in finding a way to demonstrate support for trump. that's when carl went out there and just stole the trump economic plan and compared it to high taxes and regulations under clinton. we should also point out this. and this is where it gets interesting. bottom of the guys make pretty good points themselves about the economic plans. cuban will tell you that what donald trump doesn't know
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enough about economic policy to be president of the united states and his statements show and some of the things that he wants to do, including deporting 11 million -- maybe he's backing off show this. that you can't get a guy that much -- that knows this little about public policy the reigns to the kingdom. now, carl on the other hand if you look at hillary clinton's economic plan, it's triple down obama economics, the same crap that gave us 1% growth. charles: and that's what i want to ask. it's one thing because the easy thing is to throw darts at the other person's plans. how were they both -- how can mark cuban justify hillary clinton's economic plan as a businessman? as a entrepreneur because i thought his opposition to trump was based more on temperament but certainly not economics. >> no. no. he actually does feel that trump does not have a hand in public policy. that his attacks on trade, for example, are way off base. you know, that -- and i think
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he makes a good point there. i mean nafta. donald trump has gone out and said nafta caused detroit's economic demise. that's further to the truth. charles: a lot of people think it added to it, though. >> maybe. charles: a lot of car parts company, auto companies moved to mexico. >> mike pence will tell you a lot of manufacturing jobs moved to indiana. charles: work states also benefited. you're right? >> because of nafta. charles: and there's automation to it. >> but mike pence will tell you manufacturing has blossomed in some parts of indiana because of nafta. in the south, a lot of car companies moved to the south. charles: i never heard that. >> which part? . charles: that mike pence -- >> no, he -- he supports tpp. charles: wow. not anymore, but he might have. >> he did before. charles: what about this billionaire battle? both of these guys to your point, both highly regarded. >> and remember cuban was flirting with being trump's vp and hillary's vp.
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i just think it's a great debate. it's one of the better debates of this campaign where it's generated into name-calling and dopey statements and, you know, there is a real debate about economics going on between two really smart guys. carl icahn will tell you if you look at hillary's plan, look at the insane mess that it is, it's very complicated, it's tripling down on obama economics and the complication of our tax system. cuban will say look at the public policy stances of donald trump from nafta to immigration to other things, you can't get a worse guy is to put his hands on public policy and a guy that knows very little. and both of them quite frankly make good points. charles: there's a great debate to your point. they get personal and someone says go home and get your shine box. >> that's what i usually said. i think they're friends just so you know. charles: they're all friends. billionaires are all friends when all is said and done. they drink champagne. have a good one.
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trump is rallying, clinton spending the weekend raising money. now she's got seven more events planned over the next three days. we're hearing for her campaign halfway towards that 1 billion-dollar goal. in the meantime says this might not be a disadvantage for donald trump after all. noel, why would you say that? >> well, you know, for a couple of reasons. first of all, let's look at some of this cash that she's raising. did you know that $7 million of some of this money came from lobbyists? this is exactly what she has been preaching about and remember what obama said that, no, he didn't want any lobbyists in his administration? think about that. think about the culture of corruption here with clinton. and that's where you've got to look at maybe the trump campaign can do one thing and say, yeah, she sure is maybe outraising us but guess what? look where she's getting some of that money and to a lot of americans, lobbyist money is kind of dirty money. charles: it is. there's no doubt about it. and, you know, some people are upset about the citizens
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united thing. i'm not even sure where both candidates stand on that right now. but ultimately to get the message out that lobbying is a bad thing, you need to get the money out in the first place. and some folks are worried about donald trump. we saw the july numbers. ultimately when you take out the 18 million, almost 19 million that was spent in large part to raise the money, there are few people who are concerned in the gop camp. should then concerned to continue to raise money and particularly for these swing states? >> i'm not really that concerned. and the reason why is because my specialty is more aligning with super pacs. and you've got someone that's running the campaign now kellyanne conway. i love that girl. and you know what? she has got her fingers in some pretty deep pockets with, you know, some pretty big guys. and let me tell you something. some of the super pacs that are behind trump that do not coordinate with the campaign, they can really, really use, you know, some of the bigger guys to put their bundling towards the super pacs and
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really, you know, define the message and hit home. so just because his personal campaign is not, you know, getting up to measure where hillary's is, doesn't mean that the super pacs can't come in and save the day for donald trump. charles: noel, have you seen a change since kellyanne took over last week? i virtually everyone i don't care where you stand on donald trump agrees it was his best week of the general election so far. have you seen people now maybe sending an e-mail, giving you a call? maybe saying okay. i might write a check after all? >> you know, funny you should say that. i got about three e-mails from some of my guys on the west coast, montana, wyoming, california area, and they said they really kind of like the change. they said that they saw him in one of his speeches recently, but he stayed on point, and he didn't make a lot of the, you know, strange rhetoric that he's known for. so i think that they may be on the fence on the tip of the iceberg of supporting either a a super pac where they can really give with no limit or b maybe even making that first
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initial maximum out donation. charles: wow. noel, thank you very much. really appreciate it. >> thanks. charles: well, less than $2 to make but $300 to buy? talk about a drug price that's raising a lot of questions. and a lot of people blaming capitalism. is this really what's wrong with capitalism? you're looking at it right there. we'll be right back you can run an errand. (music playing) ♪ push it real good... (announcer vo) or you can take a joyride. bye bye, errands, we sing out loud here. siriusxm. road happy. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line.
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we've had some back and forth action right now. we are seeing the dow jones industrial average up six points at 18,558 while the s&p rolls back and the nasdaq clocked in eight weeks in a row of gains and now up arrow, oil at 47.13 the barrel pulling back below 47 at one point and that pressure on the market. also very thin trading volume today. samms, best buy those are higher today. we do have earnings for the week being tuesday and wednesday precisely. watch for these names, hewellet packered and with the down arrows the parents of both tommy and also calvin klein. well, check out this. breaking news breaking today. announces that is ending its sponsorship of swimmer ryan lochte, u.s. swimmer and three others caught in a week-long saga in rio. and in the meantime this is a decade-long relationship
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charles: breaking news. the rnc reacting to the latest clinton revelation. the fbi discovering thousands of documents on her server and in a statement saying hillary clinton seems incapable of telling the truth. continues the process for reviewing these e-mails needs to be expediated the e-mails in question should be released in full before election day. meanwhile growing calls for pharmaceutical company to justify 400% hike on lifesaving allergy drug
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epipen. deirdre bolton. is this one of these things that gives capitalism a bad name? >> i think it does if you just want the headline, yes. especially before back to school. because there are so many kids now with allergies. growing up i don't remember kids sitting at a nonpeanut table but, look, our environment has changed. so many kids suffer from these allergies, they have to have the pen, it's a life-saving decision and the price is now up 544%. close -- a little bit more than $350, and a couple of years ago 2007 you could get a pack of two of these pens for $56. so parents who have to buy this in a life or death situation. now, the other angle that you just alluded to has come out and said it's not really our fault. the whole insurance industry has changed. and if you have a high deductible plan, maybe this is not going to be covered. but essentially our pricing is in reaction to the insurance
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markets, to the fact that did yo deductibles have changed. so they're saying, look, we're doing the best we can given the business decisions. the only cynic line i'm going to throw out for your consideration, charles,. charles: okay. thank you. >> is competing products was recent pulled in the u.s. charles: and they have no competition. >> so this is a moment where milan has no competition. so if you're a cynic you're saying going to say of course they jacked up the price 500%. people need this life or death. back to school. they can do what they want. charles: i think to your point the idea that the marketplace has grown so exponentially typically in capitalism, it would drive the price down, not higher. so you're right. mylan i think making a huge mistake and going to make a huge mistake because hillary clinton talked about caps but i can see the gop saying enough is enough. >> but blaming the regulatory environment and quite frankly
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it's not going to be the first company even among the pharmaceuticals to blame the regulatory environment, the affordable care act, and all of these tweaks that a lot of people say what you know? it's just making my daily life harder. charles: all right. i want to ask you about news of pfizer because they just nailed a deal a 14 billion-dollar deal. rumored for a long time. i think the price, though, is a lot more than anyone thought. certainly more than i thought. >> it is. but pfizer has been shopping for years, charles. and you recall in april pfizer tried to buyaler again, many people say that would have been the biggest deal in pharmaceutical history. i think $150 billion. the whole reason thattifies her wanted to do that was to move to ireland and not pay high corporate u.s. taxes and the government here, u.s. government said huh-uh. so pfizer has had a pocket full of cash for a while they want to
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it is a completely different kind of deal but they know they have to grow, they're trying, the last thing they tried basically got blocked by the obama administration, so they're doing their best. charles: does this point to a flaw with large pharmaceutical companies or maybe a flaw within the system that, you know, it's hard. i mean face it they spend over a billion sometimes $3 billion bringing a drug to market and once they bring it to market, the clock starts ticking before anyone can take it and use it. >> the biggest headache i'm assuming it is not a top three list for any ceo. the research and development is so costly, it is so time-consuming, and i'm not saying it's a bad thing, but it takes them years to jump through all the hoops that the fda wants them to jump through. so the only way that these companies really can grow is by buying other companies. and a lot of the ceos have been pulling their hair out and the past few years saying the obama administration -- this is the only way i can grow my business. stay current, have products that matter to the market, and even when i try to do that, i'm blocked. charles: yeah. >> so you wouldn't really want
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to be a pharmaceutical ceo in the past seven years. charles: you're right. and those blockbusters fade, and you have nothing to replace them. thanks a lot. appreciate it, deirdre. national debt surging, i know i don't have to tell you that. but state budget. that's not the one you're watching. that could be the next crisis. and i'm going to be back tonight hire on fox business with making money talking about the markets and some of the key news of the day. we'll be right back many people clean their dentures
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and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this saving applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at liberty stands with you™. liberty mutual insurance. charles: breaking news, ralph irwin will not be renewing ryan lochte's contract, after speedo cutting ties with the swimmer. this leaves one major sponsor, the japanese mattress maker who helped him craft his initial response to this. we'll see how long they hang on. but more bad news for ryan lochte.
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and more bad news for us because the national debt continues to surge. but now major did he of sit projected in the future. the hill corresponded reed wilson has the details. let's talk about this situation because we haven't talked about this -- the precarious situation for quite a long time. >> state to rebound their tax revenue basis and most states have been experienced decent growth. 4 to 5% annually which historically is what states expect. but in the last year or so and especially in the last few months, some state analysts are seeing growth of about 2 percent annually and that doesn't keep pace with expenditures. so even as they struggle from the recession, they're looking at what could be the next cliff. charles: you know, it does feel no matter what all the promises the states have made
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because of the demographic shift with aging population and overall sort of flaccid recovery that we haven't enjoyed is that the states are going to have to deal with some of these issues like the lab promises they've made, for instance, union workers in past government workers. how do they reconcile that? do any of them try to get aggressive? or do they all wait until they're on the edge of the cliff? >> well, we're seeing some interesting experiment going on in both red states and blue states by democrats and republicans to try to repair some of these bigger holes in states like california, they've raised taxes on the wealthy. that's helped them actually build up a pretty good surplus. in some other states, red states, blue states, again, louisiana is going to face a really deep deficit next year. oregon as well. pennsylvania as well. a lot of these states are being hurt primarily by the drop in commodity prices. states like north dakota, wyoming, louisiana, new mexico all essentially weathered the recovery pretty well. or the recession pretty well
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because of high oil prices. now that the oil prices are down, extraction taxes are down, and they're having to plug pretty big budget holes. charles: are you concerned about california and others that have these -- that made some really serious promises in the past? >> well, yeah, and i think every state should be concerned because their various tax schemes are so dependent on one source of revenue or another. take california, which right now looks like it's going pretty well, and they've got some pretty big budget surpluses. however, their state budget is so dependent on things like capital gains taxes that if the market doesn't keep going as strongly as it has been for the last few years, they're going to face another hole. governor jerry brown has been really concerned about that. other things like income tax dependency, sales tax dependency. charles: the other thing about california, read, you can't go back and retroactively tax people again like they did last time. hey, reed, thank you very much. appreciate it. ryan lochte lost speedo and now ralph lauren saying it won't be renewing his contract.
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we're going to be on top of that. that leaves, boy, the american swimmer with only one major contract out there sponsorship contract out there. serious fall out for this athlete. we're going to be right back right after this
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charles: donald trump is taking his turnaround tour. i'm charles payne in for niel cavuto. he's taking -- he's actually taking economic message to latino and black communities and new signs democrats aren't discounting turnaround. hillary clinton tell donors not to get complaisant. right now showing clinton has slight edge. there's a 4.9% margin of error. all right, ab, the real clear
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politics going into the poll right along what we have seen in the last month or so. >> well, i think that ohio is in contention for trump. it has been all along and even after his darkest tunnel of bad news he remains competitive there. i think that that's good territory for him. if you look at colorado or virginia it's time for him to pack up and replicate to romney map and pick up some other states. romney won independents and lost. he won white women who are now polling for clinton against trump and he lost. he's got to replicate that map and then some. so i think ohio and florida are still fertile ground for him. i think pennsylvania he might be able to turn back although it's like a 9-point lead nor clinton there on average and i just think that if he put his resources in the right places, ohio, job number one for him and i would give up like i said in
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places that are going to be probably too late to turn around like colorado and virginia. charles: where else would you look beyond ohio? i'm looking at nevada, north carolina, maybe michigan, to me where you have 40% of white voters where he's closest to beating her. >> also iowa state. charles: is that enough when you do the map? >> you know, it's not. that's the problem specially because we are looking, charles, at utah and arizona and georgia being competitive in hillary clinton. if she has a good ground operation and makes up 2-3%, forget about it. he really has to try -- like i said, to try to turn things around in pennsylvania. i don't think it's totally lost but it's a good place to try. michigan and, you know, he's got to give up hopes in places like
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new york, he has to fight for arizona, north carolina like you said. he has to fight hard in nevada. he has to win ohio and florida, those are places where the registrations are up for him in some of the right places but like i said, stop going to places like virginia that are just a lost cause at this point. it's a waste of his time and money and he's got to employ people on the ground. mitt romney lost that race to barack obama, people think it's by millions, he lost by fewer than 334,000 votes in some states. that so far is not something that the trump campaign has invested in. charles: one thing he's investing is fine-tuning the message. media outlet is saying he's softening immigration plan that he would be humane but kellyanne conway saying it's not a
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reversal. >> what donald trump said did not differ from convention speech, he wants a fair and humane of dealing with 11 million who live among us and at the same time, though, he wants to secure the border, build the wall and he wants to be very fair to american workers who feel like they are competing for these jobs now. charles: what's going on, is it a change, softening or fine-tuning the message? >> he was discussing a path to legalization and then denied that that was true. when you look at his stance all along through primary battles he was talking about a deportation force where everyone would leave who was here legally and come back the legal way and so anything short of that i think is going to be a reversal. they say he's not going to reverse. he was talking this morning, i guess, on fox and friends about doing firm and fair process that would protect the people who are working hard to get here
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legally. i think i'm going to wait to see what the details are of that. you know, i don't know if it's going to be a turn&until i see what the details but they found a way to say it several different ways and i don't think anyone is clear on what he's actually going to arrive at. charles: although getting back on the original conversation on critical swing states and college educated white voters who. >> the majority of trump fans say they are okay with this, i don't know if he loses the base but he might be able to reach out to what areas that he must win if he wants to win the white house. >> i think it's all about that. it's all quote, unquote to reach out to african-american voters in his speeches last week and outreach within the latino community is an effort to show white voters who are republicans who are actually polling for clinton now, specially women, look, i'm, you know, i'm not going to -- i'm not going to that far out of the mainstream, you can come home.
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he needs to consolidate and needs to build beyond that in the fall if he has a good debate or something. i don't think what he has done in the last week is going to actually flip african american or latino votes but it is a way of saying, look, i'm on the right track, is this going to be a reasonable campaign and i can open the tent. charles: do me a favor, i need you to stick around. i have new developments, there's a judge ordering the state department to expedite a review of previously undisclosed emails from hillary clinton's private account. there it goes again this as she's said to give sworn answers of questions over her emails. peter barnes has evolving details, peter. peter: 15,000 undisclosed documents and two from hillary clinton on private server, this confirmed from lawyers of the state department and the fbi uncovered documents during course of investigation in clinton's use of personal e-mail.
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the number is almost 15% than the 30,000 documents that clinton's lawyers turned over in 2014 that they screened and were work related. critics will be looking at this batch of documents specially for new clues and any contacts between clinton foundations and donors. clinton dealted tens of thousands like personal covering yoga routines and accident -- daughter's wedding. so it's all part of a lawsuit brought by the conservative group judicial watch on friday, a second judge ordered clinton to provide written testimony under oath why she set up a personal server. judicial watch must provide her questions by mid-october, three weeks before election day, charles.
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charles: peter barnes, thank you very much. the e-mail situation not going away for hillary clinton. how damaging do you think it would be? i know it's impacted her trust worthy numbers. they know it's bad, can you pile on it more? >> well, i actually think, charles, that americans would know a lot more about her e-mail story, what she did to create a server that was unsecure and how government records without approval. if it weren't for donald trump who said about from june of 2015 when he announced candidacy to nominate the news cycle and make sure that all we discus was him, look, a dig dump of previously undisclosed emails that were deleted that were work related. they were supposed to be personal and if they are not and work related, at the end of
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september is going to have an impact. she's highly untrusted by a strong majority, 60% of americans. i just think that there's no -- this is an unknown, unknowns are scary right before election time. she is facing the lawsuits. congress is looking whether she purjured herself and has many prongs, many aspects to it and as peter mentioned, if there's any evidence that she deleted emails that sounded in them like she was giving access or information to people who had donated to the clinton foundation, that would be highly problematic and potentially fatal. charles: perhaps the only thing they have going on for them that the obama administration is in charge of getting this information out before or perhaps after the election. thank you very much, really appreciate it. >> thanks, charles. charles: great stuff.
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costs are really piling up. relief pass the million dollar mark. the government's response has been effective. liz, many of the residents aren't happy with fema putting a cap on their claims. >> well, fema has always done that. louisiana congressional delegation, i don't think it would think that the government is responsible. what we are looking at right now more than a hundred thousand louisiana residents have applied or now seeking help from fema and that sort of comports with the homes that were in the region that were affected. 110,000 homes worth 21 billion sit in flood zones in louisiana. we know that more than 60,000 have been damaged or destroyed. yeah, you're right. it's 33,000 maximum payout from fema. a lot of the homes, they don't
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have flood insurance, so $2 billion in costs for helping the residents of louisiana and mississippi, yes. charles: listen, i understand where the congressional folks are coming from. i have spoken to a few of the business owners there and home owners, i think they are pretty happy that they were able to get a disaster zone call pretty quickly but people are afraid of the limitations. i remember additional programs being developed out there, ultimately to try to help the folks. 33,000 is not enough. liz: yes, the bush administration stepped up and got more help for those affected by katrina. you know, could they send more money, the louisiana, mississippi, sure. that's the congressional is seeking. it should be also pointed out that, you know, they're not just dealing with flooding, they're dealing with alligators, snakes
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through the waters down there. we reported last week on this. the thing is that we have the election, we have all sorts of other news, the people in louisiana are saying you have to pay attention to what's happening to us. there's another important point about that. when the media has been on it and stayed on the story, that's when recovery help starts flowing in and the white house starts paying attention and that's when the residents of louisiana or mississippi get help. charles: also nearing west nile is going to be a problem. liz: and possibly zika. charles: to your point, president obama, hopefully he will go into tomorrow and see devastation first hand and not only call for more help but put the wheels in motion to make sure the folks can rebuild -- liz: sure. charles: al evacuation orders from the blue cut wild fires have been lifted.
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the fire has burned right now 43 square miles. it's currently 35% contained. we will be on that as well. hackers stealing secrets online. nsa can't protect itself. we have the scary details ahead ♪ with this level of engineering... it's a performance machine.
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[ clock titime. ] you only have so much. that's why we want to make sure you won't have to wait on hold. and you won't have to guess when we'll turn up. because after all we should fit into your life. not the other way around. ♪ everything is cool when you're watching a screen ♪
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♪ everything is awesome, ♪ when you're sharing a meme ♪ ♪ a voice remote, "show me angry kings" ♪ ♪ you know what's awesome? everything! ♪ ♪ apps that please, more selfies, ♪ ♪ endless hours of the best tvs ♪ ♪ brand new apps, shows to go, ♪ ♪ awesome internet that's super whoa... ♪ ♪ everything is awesome xfinity. the future of awesome. charles: breaking news, ralph lauren says it will not be reviewing ryan lochte's contract following speedo. they also reportedly help lochte craft one of the public statements when he was trying to go back into the interview process. the american swimmer losing yet another sponsor.
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meanwhile the hacker group that leads computer code is hope to go sell more of the secret malware for a huge profit. connel with the latest. >> it's frustrating because there's a lot that we don't know about it. many of us wonder about our own offensive capability when it comes to cyber, when we are covering a story about hacking coming from overseas. we have the story about hackers that may have stolen malware and they did from a group maybe tie today nsa, we say maybe because this group which is called the equation group, never been 100% confirmed that it's tied to the national security agency as a contractor in any way but reports that it is. the hacker group which identifies itself as the shadow brockers they release the first batch and they have done it for free. they plan to auction the next batch for $500 million,
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supposedly this shows vulnerabilities for companies and government fire walls, the la times has written about it, looks legit. the real story behind the story here is, you know who recollects is behind it, what is their motivation, what do they want to get out and edward stowden says it's the russians and maybe sending a message to the united states, accusations that russia maybe behind the democratic national committee hacks and leaks of their emails and snowden theory is that russia is saying, hey, listen, we know about what you guys are doing as well, be careful about what you put up because we may come back and put something about you. a lot of intrigue. batch of malware that's supposedly going to be released
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at a heavy price, auctioned at $500 million. charles: thank you very much. cybersecurity expert on the dangers of all this. david, we all kind of get a little bit nervous when it looks like the nsa themselves can't protect their own secrets. >> well, charles, this is an interesting one and i would say get some popcorn because it's just the beginning. looks like it appears to be a feud between united states and russia and what they did release was direct ways of getting into the large company called fisco, organizations use to protect infrastructure and these are previously undisclosed vulnerabilities so allows hackers encrypt as well as hack into old protocol that a lot of companies still have active. it's pretty damaging. cisco responded but something pretty mayor. charles: i remember when i was a kid and had a old bicycle, i had
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my own patch kit and after a couple of years that tire was raggedy, my man and it always blew. a patch over the patch over the patch. that's our national security. that's what large corporations are doing like my old bicycle tire? >> that's essentially what is happening. they are hundreds of people if not thousands to researching vulnerabilities that no one knows about. they use vulnerabilities to hack in other countries and steal intelligence to identify what other adversaries are doing. the united states and russia go back and forth. the dnc was attributed back to russia even though it's not fully proven. we are hacking each other all over the place. russia has the same, china, iran, we all have weapons that we are developing to allow us to get access into devices and the only way we can go fix them is once become public do patch and fix vulnerabilities. it's kind of after the fact. the whole security programs are
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based on hopefully finding out that they exist. charles: thank you very much. >> i appreciate it. charles: fed is giving clues of possible rate hike as early as september. that's next
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charles: so the market coming on slight pressure from comments of federal reserve stanley fisher that, quote, we are close to our target. this was at the as spent institute gathering ahead of the meeting on friday. it's the kind of telegraphing so that nobody can claim that they were caught flat-footed. gdp growth will pick up and increase investments. stanley fisher also took an indirect shot at the white house admitting that monitoring quality doesn't increase
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productivity. governments should improve public infrastructure, better education and more incentive for private investment. that's been a complaint from the fed for a long time but one they are limited in articulating some may argue is the fed not creating virtue of cycle that have helped only a population. federal government has been the missing link. as it stands now the street is prepared for rate hike. it's a real tough thing to get a handle on, the true strength of our the economy, we have the summer slowdowns. i am impressed that we have moved a couple of times in the face of lower oil and increased speculation over interest rates are going to be hiked, but the question is what's going to be the catalyst, what's going to get the market going, liz,
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thanks for joining us. >> how are you? charles: perhaps the fed getting us ready for the rate hike. >> let's assume that that's the case. there are a lot of fed officials and all over the place. you have a federal committee, i think it's the uncertainty regarding the messaging and the fact that we are hearing so many messages out there even from individual member who is might have a more dubbish opinion and switch to hawkish opinion. i take the view that a fed that does continue to raise interest rates even as early as september but does it with a progrowth consistent message about the economy would be a positive for the market. charles: but how far in advance do they have to telegraph this, though? we've heard from the hawks and they've been pretty vocal and we
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see some of the dubs maybe changed their minds a little bit. maybe there's some, you know, to your point a lot of different voices but collectively it feels like they are moving toward trying to get this ready? >> i think that this is the case. the economic data between now and the september meet asking consistent across their mandates, you know, fisher talked about inflation creeping up toward their target. that's the personal consumption measure which is about 1.6. cpi which is the common measure, is actually above the fed's target and if we continue to see strong employment, i think september could be on the table. probably december is more likely but telegraphing in advance is a positive for the market. charles: i don't disagree with that, i believe there would be a conundrum. consistent job growth that we have seen in the last two months, there's no way in the world in my mind outside of
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politics they could ignore a september rate hike. >> well, outside of politics i think is a valid point, i suppose because let's say how unique the election is. it's an eighth year presidential cycle where we don't have an incumbent running. it brings a level of uncertainty that goes beyond your typical 4-year cycle where you have an incumbent and say there are other unique aspects would be an understatement. the fed under no circumstances would raise rates in advance of an election, a presidential election year, that's simply not the case historically. there's precedent for them doing that. the data if sufficiently strong and i do think it would have to be sufficiently strong, i think september could be on the table but i would put better odds on december. charles: is there some sort of need for catalyst to get it up from here, higher?
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>> we have had a lo volume summer so far, for those of us who take vacation would like it to be less dramatic. if you look at history they do tend to be followed by fireworks. i do think you should have an expectation for a pick up in volatility whether it's election related or fed policy or uncertainty related. i do expect going into the fall to see a lift in volatility. charles: well, they say the real presidential campaign doesn't start until after labor day, maybe the market won't need it. always a pleasure to be on the show. is donald trump a new person? some backers hope not. robert dobby is here. he's in studio. he's next
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charles: donald trump urging for immediate close to the clinton foundation calling it, quote, the most corrupt enterprise in political history. president clinton saying the foundation will continue even if hillary wins presidency, but get this, they will limit certain donations. texas republican brian babin is calling for fbi on the phone with us, due to studio issues. glad to get you on any way you can. >> absolutely, charms. i'm glad i get to talk to you, if i don't get to see you. charles: same here.
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the clinton foundation, pay for play, some of the donors from some of these countries and policies particularly towards women, all these things have so many people riled up, yet the clintons are determined to keep it open no matter what? >> well, it is just a nonchalance. greatly disturbing to me. when they say that basically they have said that they have admitted, the clinton foundation, taking foreign donations. you know, illegally or, at least unethically. and, it is a little too late to do the right thing now, all i got to say. the clinton foundation needs to be shut down immediately. even democrats agree there need to be changes there. you're right, i signed along with 59 of my colleagues, calling on the fbi, internal revenue service, to investigate the clinton foundation from pay to play activities that the clintons have been enriched from
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by the u.s. taxpayer and foreign policy. unfortunately loretta lynch the justice department denied that request even though the fbi wanted to do so. charles: there is no doubt to your earlier point that democrats themselves have to be embarrassed by this foundation and the, even the list of contributors. what do we know how they distribute the money and some of the other things? as a foundation, even as a foundation we hear it comes up far short, considering the influence they should have in helping people around the world, which they say is their mission? >> let's put it this way. since 2003 the clinton foundation spent over $50 million on travel alone. and the foundation has failed to disclose, over 26 million in speaking honor air i can't, while mrs. clinton was secretary of state. sidney blumenthal, a old clinton
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crony collecting $10,000 a month from the foundation and providing libyan tell against to the secretary of state hillary clinton which is complete commingling of services there which i think is totally unethical. there are major overlaps between her, mrs. clinton campaign donors and her foundation donors, because nearly half of her major donors have donated at least 10,000 to the foundation as well. charles: yeah. >> and, several clinton foundation donations came from companies who are lobbying the federal government, including a 2million dollars payments from companies who had business before the state department. she, the foundation accepted millions from foreign governments and when they say, that they are no longer going to take these foreign payments to the foundation, if, that is, the whole thing, charles, if she wins the election, and that is simply unacceptable, and it is
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basically an admittance it is unethical, that it is wrong and they should shut it down right now and i still call on the fbi to do the investigation. this is the most corrupt operation i believe i have ever seen. charles: representative babin, thank you very much. a lot of people still trying to get their hands around it. wonder why she didn't shut it down while secretary of state. we appreciate your time this afternoon. >> you bet, charles, thank you. charles: donald trump staying focused on hillary clinton and our struggling economy and much tamer trump seemingly back on some controversy. at least pulling back on controversy is this new trump enough to fix some of the other problems. to actor, donald trump supporter, robert davi. >> thank you for having me here in the studio. charles: do you like the new trump over the old trump? >> i like both trumps.
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donald trump said from the beginning he had 17 people, went from counterpuncher he is on offensive. i said last week with lou dobbs, the great larry homes taught by my cousin richie to jab, keep opponent off. steve ban i don't know, a great american, kellyanne conway, got the new team coming in. donald trump absolutely said, i have seen all the speeches from the beginning. he said there would be certain time he makes that pivot. he knew, he is so unpredictable i love this. because the democratic fight, response team is not going to know how to deal with this right now. charles: right. >> i love what he is saying. i love he is on policy. i do like what i'm seeing right now because you need these falcons. this morning i saw giuliani. you have got pence, you have the falcons which i call the capitalist cabinet absentia. i don't know where you put the people, sheriff clarke and all the guys protecting donald trump, the offense, the
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crows, murderer crowses led by hillary clinton they want to peck out the eye of the eagle. that is trump. vision for america. charles: do you like the idea that others are more pugilistic. some of the surrogates, rudy giuliani or newt gingrich, they go out there, you think this will help with some issues donald trump had with the general election? we know his pugilistic style, new yorker style, you hit me, i hit you back, worked well, fabulously in the primary. >> yes. charles: now he has to change it a little bit. >> you now it is offense, jab. keeps high ground. that speech he gave about the inner-cities was magnificent. what the country needs to hear. go ahead. charles: some people were saying you have two donald trumps. there is theory which one is the real donald trump? >> that is white noise. it none since. donald trump is donald trump i've seen this guy, look at oprah interview from 20 years ago, charles. anyone looks at that, measured guy that had eye on america.
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and he is a guy that sat here as many of us have, many of your listeners have, many across america, seen the dissipation, the disintegration of our country. he said at a certain point, when he had enough he would put his hat into the ring. again, he is new to politics. i like what he said, i never lie to you. i said that on my radio show recently. charles: congratulations on new radio show. >> thank you. idea of politicians, steve bannon is so anti-establishment fits right in with donald trump. i think this whole thing, you have to have the fall cons. there is one donald trump. he is growing into the role of presidency. now we're at the general election. and i still said it then, he will win this thing. charles: robert davi, thank you very much. great to see you in studio. >> great to see you, charles. charles: is this disaster man made. green party july steyn said why global warming costs the louisiana flood. she has a fix. we'll be right back. (announcer vo) you can go straight home.
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(howard stern on radio) welcome to show business. (announcer vo) or you can hear the rest of howard. bababooey! (announcer vo) sorry, confused neighbors, howard's on. siriusxm. road happy.
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(announcer vo) you can commute. (man on radio) ...40! no flags on the play! (cheering) (announcer vo) or you can chest bump. yo commute, we got serious game. siriusxm. road happy. reporter: i'm adam shapiro live on floor of new york stock exchange, with your fox business brief. the olympics are over but the hangover hangs on for ryan lochte. both ralph lauren and speedo canceled or dropped their endorsement deals with the olympic swimmer after the incident with three other swimmers who claimed they had
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been robbed but vandalized a bathroom. ralph lauren says the deal was only for 2016 olympics. it will not be renewed. lochte has commented but apologized for overexaggerating. dow and nasdaq trading down but some winners on the s&p, regeneron pharmaceuticals in a new deal to create anti-bodies to test them against the mrsa virus. viacom announcement that phllippe dauman is out.
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charles: president obama will be headed to flood-stricken louisiana. right now the white house is ending the president's delay going to the damage zone saying the government's response has been effective. green party nominee jill stein is here right now. she is blaming global warming for the disaster. she is here to discuss. jill, thank you for joining us. a lot of people are saying what we saw there is low pressure storm running into high pressure over texas, and hence a storm normally doesn't happen happened but you're saying it is far worse than this? >> exactly. you know, we have to sort of step back and not miss the forest through the tree here. we're seeing flood after flood, which is is coming in at level of 500 year storm or 1000 year flood.
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when you have a whole bunch of them, and we've had devastating floods recently in west virginia, in texas. there was so-called rain bomb over phoenix recently. when you're having so many severe storms and floods, you have to say there is something going on here. and it is not just the floods. it is also the fires in california, where we've seen 80,000 people who had to vac wait this fire that is still not contained. we have heat waves and we have droughts. you got to connect the dots here. this is exactly what is predicted when the climate continues to warm, with rising levels of carbon dioxide in the atmosphere. so fortunately we can fix it. charles: although we know all of those things you have described have been part of, have been part of mankind for a long time. we had four seasons. we have weather and we had catastrophes, so the idea that we have fixed, label to it, global warming, most people, a lot of people just aren't buying that.
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i know that is narrative. and then of course there is issue you're going tell me how much does it cost in your mind if everyone bought into this to fix it, to adjust all of these things? >> so, i will just say that 99% of scientists have bought into this. the american public in poll after poll has also bought into this. and is demanding that we have real substantive solutions. so yes, there are special interests that do not buy into it but overall people who enter into this without bias and -- charles: how much is going to cox to fix it. >> have been perswayeded. her is really good news, when people know, when you get rid of fossil fuels, i say this as medical doctor, i'm not dressed like a medical doctor or like a candidate because i'm down here in baton rouge on the front lines of some. communities who are kind of falling through the cracks actually. but i can tell you on authority as a medical doctor, that we get so much healthier when we're not
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breathing in fossil fuel pollution. there are 200,000 premature deaths every year in the united states. charles: dr. stein -- >> cancers and heart attacks. charles: i hear what you're saying. you're down in louisiana. probably got there through a plane or something driving around in a car. talk about this fantastical world of no fossil fuels, it is what is going to save lives down there. how we deploy people down there. how we move our economy. then i keep asking you if you have goat a prescription of fixing this thing without destroying our economy i would love to hear it. >> exactly. because we can create three times as many jobs by moving to fossil fuels away from fossil fuels. we create three times as many through renewable energy. and this is the prescription and this is how we pay for it, that we save so much money, we get so much healthier because you may know we're spending $3 trillion a year. it is not a health care system. it is a sick care system. by switching over to clean
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energy economy we get so much healthier, savings in health care is enough to pay for the costs of energy transition. charles: we're just not there yet. >> what we call for, actually, what we call for is phasing out fossil fuels by 2030. we call for declaring a state of climate emergency, and expanding our economy, creating the jobs, healthy jobs, many, more healthy jobs than we have right now. charles: study this really in ptover last seven 1/2 years under barack obama, places where they developed these huge, gargantuan solar panel factory plants to power neighborhoods have eight employees. you're not replacing jobs. it is not efficient. we can't transport it. rest of the world is gaining on us. i understand you think there is humanitarian aspect to it, about but without a free market solution that allows this to happen naturally i think you will derail and wreck our economy with this kind of talk. >> well, exactly we have to talk
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what has been anti-free market fossil fuel economy where we the taxpayers have been subsidizing to the tune of tens of billions of dollars a year energy system that is not only destroying the climate and our health as well, and making workers in particular sick, who are on the front lines. we can actually do right by our workers, do right by our communities, and do right by our economy at the same time that we're saving the planet. i urge people go to jill2016.com, to find out more about it. they try to divide us, make us think we choose, planet we can live on or jobs we can have. turns out, we can only, as you made the point we can only save the climate doing it in a way expanding our economy, creating more jobs and doing it at community level. charles: dr. stein, thank you, very, very much. you got email or website out there as well. thank you. >> thank you. charles: zika is spreading now to miami, but experts already
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warning it could hit somewhere next. we'll have details for you on that. ♪
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charles: kids heading back to school in florida while just as the zika virus spread to miami but experts warning gulf states most at risk. to family physician. doctor, you and i spoke before and, every time, you know, you're on the air, feels like this thing, the scope of it is gradually increasing and increasing and threat of it feels like it is increasing as well? >> theater. you're actually right, charles, thinking about the same thing. every time we talk about this we're moving everything a step further. it has spread each and every time we talked about this, and that is what the concern is that the zika virus will continue
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spread. that is what i'm concerned about as a physician and what we're concerned about as a nation as well. charles: i guess one of the issues here because in the tropical climates, for instance, puerto rico, i spoke to someone in charge of tourism there, i spoke to the miami mayor. charles: they're between a rock and hard place. they don't want to be too alarmest because the bread and butter is tourism but we have could give it to them straight. we have to stop the thing from spreading larger and more intense. how do we pull that off without scaring public? >> i think we always should do is deal with facts. as a physician what i do as a person and deal with the facts. the facts are simple. we know most parts of this country have vehicles to transmit zika. the potential for further spread does exist. the other thing we know we have some ongoing transmission not only in the wynwood area but certain areas in miami beach in
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florida. cdc said pregnant women stay away from these areas and avoid all active areas with transmission. we have to abide by the regulations. it is so important. one thing we don't often think about, what it means if a child is born with microcephaly which can be the consequence if a mother were to transmit it to her baby. talking about population of children with not only small heads, small brains, but they may not see or hear or talk or walk. who may have learning disabilities. what i want us to do is look at big picture here. charles: right. >> there are some implications of this condition but we're talking about lives here. we're talking about a generation of children that may need a lot of resources. charles: dr. caudill, i agree with you. thank you very much. we appreciate it. >> thank you. charles: the federally next. with this degree of intelligence... it's a supercomputer. with this grade of protection...
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. . . charles: hillary clinton is facing mounting questions over her emails.
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he's going to be to discuss. i will be all over that at 6:00 p.m. for now here is trish regan for the next hour. trish: donald trump is getting ready for a big rally in ohio and he is stick to go his message as a brand new poll out minutes ago show him very close to hillary clinton in ohio. clinton now has a slight edge there over trump in ohio. 43% to 39%. will he will able to make that ground? i'm trish regan, welcome to the intelligence report. as trump gets ready to speak in ohio, hillary clinton is taking another day off, she's taping jimmy kimmel. first collin powell says he neve

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