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tv   Cavuto Coast to Coast  FOX Business  August 24, 2016 12:00pm-2:01pm EDT

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making life more complicated for your customers. . stuart: do you know many techies? they just love bells and whistles. look at the hoops we can make them jump through. fortunately we're out of time. charles payne, i believe it's your time now. charles: i don't know much about bells and whistles, but i do know about pay to play. by the way, it's not going away and donald trump not letting it ago. this is cavuto: "coast to coast," i'm charles payne in for neil cavuto. donors getting special access to hillary clinton as secretary of state details on the bombshell ap report in just a second while those questions are piling up, donald trump is expected to pile on. the gop nominee holding a rally in florida in the next hour where he is expected to continue his attack on the clinton foundation. first, to blake burman on the clintons. blake. >> and, charles, the big number here is 85. according to the associated press, which says it has dug in the hillary clinton state
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department calendars, clinton took at least 85 meetings or phone calls involving people with individual or corporate donations to the clinton foundation or its international programs. now, the ap says that is more than half of the 154 people they've reviewed who clinton met with who are not u.s. federal employees or foreign government representatives. critics here say that suggests that access to the secretary of state revolved around family donations. the clinton campaign pushing back against this several ways. among them. they say clinton took more than 1,700 meetings with world leaders, and that doesn't include other u.s. officials. they also contend secretary of state meeting with global influencers is merely part of the job. we'll give you one example here. muhammad, one example of the potential blurred lines. the ap reports then secretary clinton met with the nobel prize winner three times. however, the nonprofit had also donated to the clinton
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foundation and as he was being pressured to resign from a bank's board by authorities in bangladesh, he asked clinton for help, and she told aids to find a way to help out. so the question becomes is that pay to play? or is it merely tending to a renowned economist? just one example. donald trump saying the article is yet another example of pay to play. he has called for a special prosecutor to look into all of this. so two of trump supporters senator david purdue and congressman dan donovan just this morning, reince priebus is calling for clinton to address this with a full blown press conference. charles. charles: blake burman, thank you very much. so are these pay to play allegations trouble for hillary clinton? to democratic strategist simon rosenberg and also trump surrogate steve cortez. let me start with you because certainly dominating headlines and that's bad news for hillary clinton. bad news the first story out, almost every news organization
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these days. >> so three points. quick one is clinton has a substantial lead in this race. i don't think democrats are worried that's going to change. trump hasn't done anything for us to be worried for him to claw his way back into the race. second is fbi had all of these e-mails. they looked at all of this stuff and there's no criminal referral. and third is if the republicans are adamant about doing something, congress can do whatever they want. they can hold hearings, they can ask hillary to come testify in the fall. it didn't really work for them before. i don't think they're going to do it. so rather than wining, why don't they took action this fall? charles: steve cortez? >> yeah. first to simon's one point. that's not true she has a wide lead. the lead is tightening dramatically if you look at upi, tied right now. so there's tremendous trump momentum. regarding hillary clinton, i'm a proud lifelong resident of the windy city, but i would say this. you can take the girl hillary clinton out of chicago, but, unfortunately, we can't take the chicago out of the girl.
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she has brought chicago-style being corruption to the national and international stage. and in doing so, she is endangering our national security as a country. she is completely unfit to be our commander-in-chief and the only way to resolve this is a special prosecutor. charles: you know, simon, donald trump is calling for a special prosecutor and more and more people feel like this -- there's no resolution here. in other words, we don't -- we understand what comey said. comey probably made it worse, not better to be quite refraining with you. although hillary's not indicted criminally. the big question marks about her fitness and about whether or not she'll bring a certain level of corruption to the white house, i think they're actually increasing, not going away. >> well, but i think we're having a debate about this. i think the public is going to be able to use this information; right? to cast judgment on the fall. and certainly the republicans can use congress and as we heard, you know, they call for a special prosecutor. it's not like this is hidden. this is going to be part of the debate. i don't agree that the race is tightening at all. i think that's fantasy on the republican side. and on the trump side, you
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know, she has a wide lead in this race. but certainly this is going to be part of the closing debate that's going to come up in the three major debates that we do. and if hillary clinton does a good job, she'll win this race. if she doesn't, it may open the door to trump, but right now, democrats are not concerned. stuart: you know, steve, hillary clinton had close to 300 freedom of information request from a variety of news agencies. i mean this ap report is three years in the making. so when there's sort of this idea that has been transparency and cooperation, that certainly isn't true. >> right. you know, where there's smoke, there's fire, and there's a heck of a lot of smoke here. and even the mainstream media, which i think has done its very best to protect hillary. trump calls her hidden hillary, which she largely has been. how in the world has she got in the way of a press conference. she hasn't had a press conference this calendar year. she needs to step in front of the american people, she'll have to at the debate. she won't be able to ignore these issues there. she needs to step in front of
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the american people and transparencily give them answers because right now she is unfit to be our commander-in-chief. we live in a very dangerous world. a world that has been made much more dangerous frankly by secretary of state clinton. and dangerous world like this, we cannot have these kinds of distractions for a commander-in-chief. so we need a special prosecutor in office in washington, and we also need donald trump in the oval office in washington. charles: all right. guys, i want to switch now to immigration. donald trump clarifying the recent back and forth over his plans. take a listen. >> there certainly can be a softening because we're not looking to hurt people. we want people. we have some great people in this country. we have some great, great people in this country. so but we're going to follow the laws of this country. and what people don't realize, we have very, very strong laws. i've had very strong people come up to me, really great, great people come up to me, and they've said "mr. trump, i love you. but to take a person that has
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been here for 15 or 20 years and throw them and the family out, it's so tough, mr. trump." i mean i have it all the time. charles: all right. steve cortez, this seems like a major shift and what we heard particularly early on in the trump campaign. >> some people think of him flip-flopping, i think this is leadership, alice listening to leaders, i'm thankful he's asked me to join that same advisory board now, and i tell you as a son of an immigrant, i'm happy with this shift. he is still saying the border has to be secured. that's nonnegotiable. there will be no amnesty, that's nonnegotiable. we're not going to award people with citizenship for breaking the law. charles: house of worship illegal immigrants and their families and some of the other things that used to be very important to republicans? how do you resolve that? >> no. and it still is. listen, he's not saying we're going to go completely soft on that either. but between all out amnesty and then mass deportation as
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being the two polar policy choices, there's a lot of room in between there. and i think he's saying we have to figure out where on that policy spectrum we belong. probably deportation need to increase, particularly for people who are at all dangerous. but that doesn't mean we're going to deport every single person in america. but the more important thing to me is we have to secure the border, we love immigration, but we have to do sensibly and legally. charles: you referred to the poll later. could the hispanic vote make a difference in north carolina now? in that mix. and of course florida, virginia, and others, this is a short to those folks as well. goodnights resonate with some. we don't know how many. >> well, but i don't know that anything's changed. i mean if you're -- he said yesterday that no amnesty. if there's no amnesty, that means that you can't have legalization and citizenship. so the -- i don't think this is clear at all. in fact, -- charles: i'm going to jump in. during the debates, we heard a variety of answers to something like that. >> i just lost.
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charles: simon gets his piece in, steve, you wouldn't necessarily throw family out, they have a way of working toward that, paying back taxes, registering things like that. simon, are you back with us? steve. >> yeah, and that's the point. listen, amnesty is off the table. i cannot reward people for breaking the law by making full legal citizens and allowing them to hop in front of people who did it the right way. people like my father. and millions of hispanics and asians and all kinds of people from all over the world. look, the u.s. is an all-star team and thank god we are. it brings dynamics, vitality to our economy, to our culture, and we're going to continue to be. but what we can't have i is a porous unsecure border. it's dangerous and unfair. also unfair to a lot of the immigrants who did it the right way that the have to compete in the wage market against illegal immigrants who are almost naturally lower paid because they have to live in the shadow. so we have a broken system
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that he's resolved to fix, starting at the border. but at the same time it doesn't mean that we're going to be tearing apart hispanic families in mass. and i think that's a sensible solution, and he's showing that he cares and listens. charles: okay. i want to switch topics because we had billionaire wilbur ross on earlier today. defending trump. take a listen to this. >> he's basically saying that he -- dan on an daily basis. >> what he's saying is he's not going to let people come in if we can't vet them properly and be sure that they're not here to do harm. that's not the same. >> he has said he would prevent people from coming here from countries that have experienced terrorism. >> until -- he said until we have a proper system for vetting. charles: all right. simon, immigration part has also been coupled with foreign policy. donald trump perhaps -- we don't know exactly if it would make any adjustment to this. but everyone's saying right
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now that they are not confident. most people are not confident with the current system that the way people are vetted, there's not enough transparency for us, the citizens, and we just don't think it's rigorous enough. what would sauce usa about that? >> and, by the way, sorry about the earpiece. charles: it has happened to us all, buddy. >> so, yeah, listen, i think that we can do more to create more transparency around this. we shouldn't assume that the system is perfect as is. but i just want to go back briefly for what i didn't get to finish earlier is that i don't believe that donald trump has created clarity on what he's going to do. he said he's for amnesty, that he's not for amnesty. there is middle ground. but he says has staked it out. let the not general, not change tone, let it be specific. and second earlier is for enforcing the laws. he has got to have a press conference that he promised about melania and how melania came into the country. it is not clear she came to this country. charles: i don't believe he has to have that he said he
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would and if hillary clinton is going to have his press conference, then donald has to do his press conference and explain that melania came in legally. charles: we're talking about these big important issues and then digress into these small, minute things that aren't critical and do not matter to anyone. steve, i want to go back to you, though, on this issue because the softening, that's the key word that resonates from last night. can that be applied to other things? what we really see a softening perhaps on the way we vet people? what we understand it to come to war-torn areas with women and children. and in some cases not the young men but the women and children or could there be some softening there as well? >> right. you know, look, i think that's possible. i think what trump is showing us is that he's a reasonable leader, and he's willing to listen. but, look, the national security the primary on the first job on the federal government is the national security of our country. so that has to come first before we let anybody into the country. i think he is -- by the way, when you talk of softening. i think he's done a very good job of shifting his initial
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call was restrictions on muslim immigration. he then shifted that to areas of the world that many happen to be muslim but areas of the world that are ripe with terrorism. i think that was a very sensible shift. so not saying we're going to give you a religious test. but if you're coming from places like afghanistan and pakistan as the san bernardino wife did, we're going to take a hard look at you and look at you much more scrupulously than a grandmother who wants to emigrate from canada. that's sensible. if you're a young man from egypt, we're going to give you extra vetting. i think most americans would say that's sensible immigration policy. charles: all right. guys, thank you, both. just in, the president of the american university in afghanistan has confirmed there's an attack going on there. security forces are on the scene. this is after wednesday after the attack. they're right now trying to assess the situation. you're looking at a map there because we're not clear if anyone was wounded or anyone has been killed. there's unidentified woman from the university telling fox news that she heard explosions and gunshots but the attacks may not be
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finished right now, so we're monitoring this situation, and we're going to keep you abreast as we get new details. vice president joe biden arriving in turkey. he's the highest ranking official there since the coup attempt in july. this as u.s. records from aiding turkey. next hour former commander of the middle east is going to join us with the fight against syria. by the way, 70 people dead, hundreds injured after a powerful earthquake strike in italy. we're going to have more coverage from there. the 127 administrations already proved does not come close, not even close to billions in possible damage. so does more need to be done? we have a lot come up. (announcer vo) who says your desk phone
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charles: breaking news, a fluid situation in cobble, the u.s. university in afghanistan there has been attacked. but conflictive reports on whether the attack is on going, what we do -- what we do know is that police are responding to it, and we're going to give you updates once we've received them. a daily earthquake struck italy this morning killing dozens and injuring hundreds. connell mcshane is in the newsroom on that. >> these are terrible pictures, charles, as we've watched them come in all morning long and the death toll keeps rising why so many of these buildings completely destroyed by the earthquake, which struck at the middle of the night italian time. so many people were sleeping when their homes were shaken. as we take a look at our map of that region, you do get a sense geographically that we're talking about the central part of italy and rome to the southeast of there by about 100 miles was also a
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place where that was felt. but the other town, smaller cities certainly got the brunt of things. and in terms of facts and figures on that, that is one of the items you would certainly include there. we're going with a number here, a death toll of over 70 people killed, and we're saying that way because it's satisfiedly rising. when i woke up this morning, it was ten people dead but hour by hour, they're discovering more people dead under the rubble. a even more serious earthquake in a different part of the world today as we follow reports out of southeast asia of a 6.8 magnitude earthquake that hit the nation formal known as burma. again, many buildings damaged there. some asian monuments we're getting a report of at least 3 dead but that's another area we'll have to monitor to see if those numbers rise. charles: connell, thank you very much of.
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in the meantime president obama 127 million in aid has been approved but let's face it. that does not come close to the 20 billion in possible damages to louisiana. attorney general on if the administration needs to do more. sir, thanks a lot for joining us. it's still a difficult and hectic time for you. president obama has come down there, seen it firsthand. the administration pledging 127 million, but we know it's going to need a lot more money than that, won't it? >> it will, and i was glad to see president obama taking donald trump's lead, following donald trump's lead and the disaster has affected not only the capitol region but also the region in louisiana. i mean we have a disaster of epic proportions down here and the president has an opportunity to go back to washington and lead in putting together a responsible package that will help people here in louisiana rebuild and make sure that we come back stronger. charles: what would be the fastest way to expedite this and get an idea of what kind
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of funds would be needed -- would be requested from washington? >> well, i think there's two. number one, you have to go in and directly help those citizens, especially those who in areas were never declared flood zones. okay? so they built there because of it told them it was safe to build there. there needs to be an infrastructure component to this that helps drainage here in louisiana. we've been plagued a lot by the federal bureaucracy and regulatory scheme by our ability to move water out of louisiana, especially when we have the hurricanes and rains in louisiana. it's two fold, and the president has an opportunity to work with congress and put together a responsible package to invest back in louisiana and also helps the rest of the country as a whole. charles: jeff, now before to your point, most of this area was not considered a flood zone.
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now that we've had this situation, it is. what should be done going forward too with respect to making sure that insurance is affordable for folks who live there? >> well, two things. i think number one you're going to make sure that insurance is affordable and one of the ways that you do that, charles, is by putting together packages, infrastructure packages that allow louisiana to properly drain this areas. and when we drain those areas, again, a lot of it has been frustrated by the core of engineers regulatory scheme. we have one area in louisiana especially in the capitol region area where the citizens have taxed themselves over the 20 years only to be held up by the court of engineer regulatory scheme. again, that was a project if it was in place would have prevented a large percentage of the homes to be flooded. that helps reduce the overall cost of flood insurance in that area. charles: right. jeff, continued good luck with the folks down there. thank you for taking out the time. >> well, thank you, all, for highlighting this area. charles: we will continue to. thank you very much.
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>> thank you. charles: gunman attacking the american university in afghanistan. this is in cobble. explosions and gunfire were reported, have been reported inside the campus. and a second source confirming to fox news that gunfire has stopped. security, though, sweeping the area. we're going to have much, much more on this right after this better buckle up.
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. charles: you know, throughout life we learn that circumstances even facts can change in a flash from that first heartbreak in junior high school to that 40-year-old rapper still sending out audition cassettes and getting rejection letters. something happens, and we eventually have an epiphany, well, the same is true for the stock market. the facts of negative realization for the stock market don't come out of the blue. take the most famous market crashes in history, october 24th, 1989, how big october 19th, 1987, there were weeks even months before those
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events and then the so-called flash crashes that do come out of nowhere. but have proven to be more than anomaly than a signal that the end is near. to be sure, they're still very frightening. one year ago today, the dow jones industrial average crashed 15,666 an ominous number in many ways. the bears were looking for that second major leg down, promise since the bottom was put in back in march of 2009, they didn't get it. now, i was on vacation, i called onto my show, and i pressed some folks not to panic. take a listen. >> it was a flash crash right at the open. came into the picture today. how could they come into the picture? by the same token, i'll applaud individual investors on my twitter feed, it was amazing. almost everyone said what should i bye in weans? a lot of people were obviously hurt in this, but i don't think a lot of people panicked into it, and i think that's the good news. charles: in fact, that afternoon i put out a note, and it explained one headline. huge opportunities.
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now let's discuss this with market up with a offer scott. scott, one year ago today, we were talking about the flash crash maybe being that next major leg down. eventually it's going to come. but when do you think that will happen? >> well, you know, if i knew that, i probably would be quietly hiding under a desk and keeping the secret to myself. but ultimately here's the deal. we're in very interesting times and what you said there -- it's always nice to have something left, a little bit of gunpowder. have something left over to take advantage of the flash crashes and what you know? those flash crashes have been more common as of late than they did 50 or 60 years ago because we've gotten technology involved now. we move much faster. so when you know the technological flash crash, that also presents another opportunity. the times are in right now i would say, hey, this market can grind higher for as long as it can grind higher and then it stops and it doesn't and backs up. so always have something you
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can take advantage of on a big break. buy insurance along the way, but you can stay invested here and take advantage. because a good example today. oil off a buck 50 and only off 25 bits in the dow. that normally would have taken us off a lot more. it shows me that the market wants to hang in there and go higher. so you kind of have to go with it until it falls apart but still have insurance on when it does. stuart: geoscott, you brought up the technology angle to this. a lot has been made over the last couple of years about these robots, these algorithms that do the majority of the volume out there that send out these signals and everything else. should then reeled in? does it make investing unfair? or put a regular person at a disadvantage? >> well, i mean i guess the correct political answer is what is a disadvantage reallyinreally mean?are people t deploy a lot more capital in trying to find the i niches
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in the market whether it's technological or timing. but that's something that's been done since these markets were created. and i keep telling folks, yeah, we're in the cowboy era when it comes to electronic trading right back right now. could you imagine 1885? i'm sure there was a cowboy era there. we'll get through it. it's going to be a bruising effect but ultimately at the end of the day the markets are going to be the truth and that's what we're here for. we're here to find price. charles: and that's what where we have always come to you. we're always looking for the truth. scott, appreciate it. >> all right. charles: investors are awaiting the clues from the fed after gathering in jackson hole, wyoming, peter barns is going to be there live tomorrow morning. so keep it right here for all the latest because the fed will move this market. meanwhile tim cook celebrating five years at apple today. the stock is up over 100%. but is the company really better off to that degree? we're going to have all the numbers for you. next you owned your car for four years. you named it brad.
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him and him and
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and and and and and and and an apple you can send it over. others say innovation is gone. risk and reward host deirdre bolton to break it down. tim could come in after steve jobs lake mary john's coming after mohammed ali and you can never be good enough to >> tim cook really did inherit this. steve jobs is legendary.
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how many movies have been put out on his leadership in innovation a lot. let's look when investors are doing and how they perceive the difference between steve jobs and sam cooke. we will luck out this five-year chart. we will pull the map and you'll see where apple is at 113% in the past five years, which is more or less at the nasdaq has done. apple makes up about 10% of the weight on the nasdaq. people say you shouldn't compare that because it's just so much a part of it. apple is in fact over a five-year period outpacing the s&p 500. you might say to me who carries about the embassy. let's see how apple is doing versus the big tech peers. i anticipated that question. microsoft scooping it. so if amazon comes the alphabet, google. the ranges of those docs, microsoft 130%. alpha but google 174%.
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5% over the past five years. if you judge apple by a jury of its peers, it is not doing so well. tim cook did have a few big missteps. you remember the first quarter on quarter year on year revenue dropped him on his watch because it was massive. they didn't sell as many iphones as they thought they would and that is their key products. drain to the immigration problem. that's what people are concerned about. tim cook and heritage. but if he put forth? >> the watch is interesting. it's the biggest wearable in the world. during the first year and sold a lot. the jury is still out on not. a lot of analysts i speak with, the reason they still like to watch her son next iteration of it is because of health. people think the future of apple is because of health. we are interested in our staff, hopefully becoming healthier as
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we go. self driving cars, beating them to the punch. i'll do not taunt a mess or semi-autonomous cars will be part of apple's future. to answer your innovation question, that's two areas where apple is pushing. apple music, they did that deal and it looks like a big sticker at the front but it's actually paid off. charles: okay, good stuff. the valuation metrics are really low like wall street will not give these guys a ratio or anything else. can it ever be a growth company again? >> i would say he has to pull a rabbit out of his hat. so far the watch was not that product. hate mail and twitter, what are you talking about, but the sales are slowing so you better come up with something else. >> the watch has not lived up to thehype. in the meantime, tim cook is holding a fundraising event for hillary clinton tonight.
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she's continuing her daughter blitz. donald trump focusing on swing state. to donald trump donor and charlie gasparino. if hillary focused too much on fund raising and is it a test area for your candidates? >> know, charles. they are doing exactly what they should be doing in the month of august, which is raising money, building up for chess with respect to bases and trying out messaging with their respective bases. you know, you see mr. trump coming to texas, just like you see secretary clinton going to california. a couple nights ago she is a massive magic johnson pass up to 75-dollar per ticket fundraiser with samuel l. jackson and all the hollywood elite. mr. trump is in fort worth with -- you can imagine a lot of the fort worth establishment.
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i think they are both doing exactly what they should be doing. it is the preseason right now. it is fun to speculate on how it's going to turn out, the preseason games are no indicator of super bowl success. >> the last preseason game. one of those elites that was hanging out at trump the other night in fort worth. he's going to kill me. we were on a pillow together, too. donald trump's face. >> that's way too personala thing. where is this going? >> here's the thing. as a pillow of that picture, by the way. here is what i would say about messaging. hillary clinton is a pretty consistent message. as a free market or a heyday is bad. donald trump has a good plan, but a volatile message. the other night from what i understand in fort worth that
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john is back, you talked about the economy and how he might stay on that track as going forward emphasizing how his plan will grow the economy out of the growth because as getting rid of the attacks. it was prompted by my good friend, john tatum. the question is, does he stay on that message? if he does come it will be able to raise a lot of money and make vehicle to win. he has proven that he doesn't stay on message. that's a scary thing. true into donald trump has been talking about hillary clinton and the clinton foundation. he seems to me it might be easier to litigate her in the public good something that smells awful as opposed to connecting the dots with 4% for people who may not understand that. which line of attack or where do you think they should be solely
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focused on the most? >> well, as charlie mentioned, we did talk about it. there is a small round table and mayor giuliani was there. a lot of mr. trump's close friend and advisor's and he knows that the one to combination another home said mohammed ali, the one-two combination are jobs, economy and secondarily security, although god forbid a terrorist incident have been. sometimes people vote on security. he knows that those are the two trees in the two things he needs to focus on. the thing about secretary clinton and the females is, you know, all of that should be prosecuted i think after labor day when people are paying attention at the debates. the playoff games in the super bowl are going to be those three debates in the fall and not people start to study these
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issues. >> i agree with that. charles: we have an update on the situation in afghanistan. thank you or events. i'll try to brush up on the sports analogies the next time we get together. on this update, get a man attacking the american university in kabul afghanistan. they give see how committee of the layout there. the situation we are being told seems to be under control. the school administrator saying the firing has stopped in the security with an assessment on the ground with explosions and gunfire were reported inside the campus. we monitor that for you. the ip pad -- ip pad price hikes along with corporations dodging taxes. this epipen disaster is all you think when it comes to capitalism although some say it is outrageous or overblown. we will be right back.
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>> markets under pressure across the board. ever so slightly as we await to hear friend janet yellen.
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dow futures down now 25. s&p downgrade. nasdaq down five. again, not too far off the record highs. the retailers here down more than 20%. the traffic diminish in you can see la-z-boy also was weaker demand their for a pull string and chairs in the lake down 13%. we will hear from williams-sonoma after the bell today. the closing of macy's. take a look at the home building stocks. existing home sales. it drops more than expect did and that's the trend we've seen and it overshadows the good news yesterday on new home sales. there's something out there. that can be serious, even fatal to infants.
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it's whooping cough, and people can spread it without knowing it. understand the danger your new grandchild faces. talk to your doctor or pharmacist about a whooping cough vaccination today.
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charles: this epipen cnet triple digit price hike. heather brash seeing a 671% increase in the same nine-year she's been in charge. is the outrage about this? liz claman along with scott martin. you have been all over this story. it's an interesting story for us as a business network. some say this is capitalism. some say know this is something different. >> we get the whole whole capitalism issue where you've got a great product with a bout of competitiveness around it. why not charge what you can. however, you are talking about life-and-death situations.
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this epipen is the autoinjector. the epinephrine that the senate, there's no monopoly on that it is just that children in school nurses and emts are desperately reliant on that and none of the technology has changed since 1977 when it was actually introduced. mylan bought the company in 2007 and since then they've raised the price from what was the single injection $57 to magically jacking up the price in some cases as high as $700 for a pack of two. mylan has remained silent. we have put multiple posts and 15 million people suffer from allergies and so many children are in the 15 million. two in every classroom. you don't want kids dying. they also conveniently expire after a year. sometimes people have to buy brand-new ones.
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myelin needs to address this. charles: how would they address this? understand we've argued for years and years business makes a profit and they take advantage of the marketplace. what's the responsibility, creating drugs are buying a jargon also returning the best possible shareholders. >> we did see the price spike in the shareholder price so the market was responding. after the initial, there is a jump in the stock price. there is short happening. we are very concerned about the fundamentals. fundamentally if your business overcharging and doing these huge price hikes for children as you said, that will raise red flags from a judgment is. why is the board allowing such enormous hikes happening. your industry is dealing with people's health. it's a pr crisis, just a judgment call crisis. i do want the government setting
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prices, but the government is distorting the marketplace by subsidizing a lot of vista people think it's free and it's not more expensive. charles: we know families without. the average drug cross $2.9 billion to develop or bring to market. there's a competitor at the beginning of the year they said they should get fda approval for generic version of this sort can be any day now. the window of opportunity is counting down everyday. do they have a right to squeeze every nickel out of this until there's a generic urchin and there will be no profits for them to be made. >> well, listen. i'm all for drug companies requiring more funds or payment for demand a favorite base to their product. what mylan has done is out of control. you remember martin sure rally a few months ago. the whole thing about how those
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prices obviously did not do the company. don't forget, they had trouble with their generic side. the ip pad was probably safer about how the stock is performing. the generic side is not doing well. they had to do something but with regard to tripling our quadrupling the price, and it wasn't the right move to make. charles: the ceos pay 670% during that same time. up 125%. everyone thinks this is despicable. thanks a lot. "the new york times" and other media has been hacked. here is a big question. when do we start hacking back? we will be right back.
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charles: the fbi is busy investigating the latest type here this time at "the new york times" and the moscow branch was the target. the russians were behind this one. how we should respond. tim, it happens over and over. is it that we don't hit hard enough? >> here's the thing. the company needs to be higher to be a higher ethical hackers which is the good guys that know how to click the bad guys. charles: you are in ethical hacker. >> this particular situation, investigators have said we do know that specific journalists were targeted here then they lock you or how that might have been. hackers could go to the data the dnc data and look for a journalist that has been mentioned and potential sources that may have been connected to them. you can then do some are common
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sense on the internet about that and go in linked in, gather more data, put together a well-crafted e-mail with a juicy story in a malicious program in an e-mail attachment. click on that to get the entire network on. that's what we're really looking at here. charles: we have 30 seconds. what should our government be doing? 90% of the time. >> these are common techniques being used by these guys. with the government and company need to do is god and higher ethical hackers that can help address this from a strategic perspective and understand and help them protect assets. that's not currently being done right now and that's why we see "the new york times." charles: should we hacked them or assume that we are? >> we should assume that is happening. charles: when the guy from china was here, he gave us a break.
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thanks a lot, buddy. we appreciate it. donald trump getting ready to a lot of value in the battleground of florida. we want to monitor that for you. calling up the mainstream, it is not trump. better buckle up.
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>> this is hour two of cavuto coast to coast, i'm charles payne in for neil cavuto. you're looking live at tampa, florida, donald trump holding a major rally there and expected to talk about his plan for the economy and we'll monitor for you. a blockbuster report from the associated press saying that more than half the people, these are outside the government, who met with hillary clinton while she was secretary of state, gave money to the clinton foundation. the clinton campaign firing back accusing ap of bias, cherry picking of her schedule and distorting the facts of her meetings.
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brent bozell says that the media is typically in clinton's corner. this would make this echo louder and it's funny, scanning the news this morning. a lot of the mainstream media had to go with this early in their shows. >> yeah, you know, it's interesting, charles. one of the things that critics like yours truly have said that the media don't report stories about-- bad stories about hillary clinton and certainly never conduct investigations. and there are so many investigations to be held. and lo and behold app did that. to me, it's striking, the rest of the media's reaction to it, they've covered it a few minutes here and there and my guess is this will be a one and done story. in covering it they rush to give the clinton response to this, without responding to the outrageous nature of the response. for example, the clinton
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operation responded by saying, well, this didn't count 1700 government officials she met with. of course it didn't. it wasn't about government officials, it was about non-government officials. or they said it's only a snapshot. okay, then perhaps the full story is going to say it's much, much worse. so in no way are the media seemingly interested in taking this story any further. you called it a blockbuster. it is a blockbuster. charles: brent, you know, to your point, when the report was out last night and today and went on to talk about the bengal dish government and wall street executive and the next meeting between nominee and foundation donors do not appear to violate legal agreements clinton and the former president had before joining the state department. so they actually provided cover for this amazing story that i read ap has been for three years have been asking for
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foia. they reported the story and in the same breath provided cover for the scandal? >> another answer given was, well, they were given access, it doesn't mean that anything happened. well, come on! you don't give $156 million to the clinton foundation unless you're getting something in return. so, i mean, all of these things are kind of nixonion in the way they were answering them, but clintonion in that they throw kind of smoke screens around it knowing the media is going to leave it alone or expecting they're going to. i expect they will, too, but look the ap surprised me and maybe somebody else will. charles: thank you, brent. we appreciate the work you do, you hold everybody to the fire. >> thank you. charles: we're getting out of monmouth poll, and 2 percent,
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and donald trump says that democratic policies have led to major problems in major cities. and how right is he, hector, let me start with you. we saw quote, unquote, softening or we're going to get a major shift in donald trump's deportation policies. he's made the last week and a half the nontraditional g.o.p. vote voters, how has he done? >> it's important and a moving target and to be perfectly honest, it's causing confusion, because you know, you hear the campaign saying, look, these things have not totally been determined yet. obviously, a big immigration speech was canceled in colorado this week. i'm sure he's going to be addressing it in his speech he's going to give in florida and by the way, florida is the big enchilada, the big swing state. a lot of latinos there, so if he's going to start moving, pivoting, this is a good place to do it. charles: you know, david, north carolina, we just read that-- i read that hispanic
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registration is up through the roof, up maybe 4 or 500% more than general registration, could be 5% of the vote. that could be a state decided bye less than 5%. it's important that maybe the message is nuanced at the right time, but there's some criticism where the message has been given and how it's given. does donald trump need to fine tune that more? >> he needs to fine tune it, charles, and look, donald trump is the candidate now, but he's dealing with a decade's old problem, which is the republican party's failure to really engage those communities, doing what political parties have done for years, going with your consistent voting block. he's not going to overcome it, but that 3 to 5% change, if he goes to them about the economic message and what matters improving their place in life, not buying the false numbers on unemployment when they live their reality. the fact that they're not able to get ahead. if he can go at education, which is key in those communities, and the ability to advance themselves by learning and growing, then, i think he's got a shot of peeling off some
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of the percentage. and by the way the perception shift and going and engaging, not from the suburbs, but going to the communities directly. that can be significant. charles: i try to tell that to trump folks. where you get the message is important in the audience. hector, having said that, some are wondering, how much time. the clock is ticking. earlier, someone equated this to pre-season. if it is pre-season, this is the last pre-season game. >> i think we're in the playoffs, man. you know, 80 days left. not a lot of time. every day is precious. you know, it's been surprising that donald trump has spent so much time in traditional red states. obviously, he's fund raising, but from here on out, he's got to focus like a laser beam probably on six or seven states. florida is one of those states. other states that we need to pick up states like virginia, north carolina will be important, ohio, those are critical states. and we've got to start going on offense. i mean, if you're going to win,
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you've got to be going after not-- you've got to have already stabilized your base and you've got to be going after the new voters and hopefully you're going to see that in the coming days. charles: last word to you, david. i think the base is with donald trump no matter how he evolves the position. they feel they know the man and his heart and he's got to articulate that to people on the fence. >> he does, he needs to expand. the air campaign is needed. he's got the base in place and whatever changes won't be significant enough. but if he goes out to the communities and voters that haven't made up their mind yet in the traditionally nonstate areas and go to the blue and to the purple. he can adjust that, i spent a week and a half travelling across six or seven states atalked to people out there, all they want to know is when he's going to reach out to their friends and relatives and co-workers who aren't sure? he's got them, the uaw workers, not the leadership, i talk to
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those guys, they're potential trump voters and minority communities, it's about economy. it's about the-- remember the phrase, when there's too much month at the end of money,'s he going to talk about their economy. charles: thank you both very much. really appreciate it. well, the war on isis, the u.s. now joining with turkish forces and syria putting pressure on isis. military forces there attempting to cut off the terror groups and supply routes. vice-president biden meeting with turkish president erdogan and smoothing this after the iraqi war effort. commander, thanks for joining us. let's talk first about this u.s.-turkey joint effort. i can't get a handle where turkey is. one week erdogan is in russia with putin and the next week we're helping him out. how essential and what does it men the latest shift? >> turkey is a critical ally and our relationships are obviously not very good and i think that's why you see the vice-president there.
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this offensive is a reaction to the terrorist attacks inside turkey, too. i think one thing we have to be very careful about though, we have kurdish allies that are fighting against isis and they aren't necessarily friendly with turks. and their efforts inside syria may turn in that direction. so, i think it's very important since we probably have u.s. special forces with them, that this is carefully coordinated and i think that that might be another message that vice-president biden is bringing to erdogan. charles: doesn't this also bring up the major, major conundrum at that enemy of my enemy is often my enemy when it comes to this whole thing? and how do you put a blueprint in place? i know once there was talk of maybe breaking iraq up in three countries or promising the curd the territory in the north to appease them and relieve our anxiety with turkey. and how do we resolve this in turkey and in iraq? >> i think the first thing we have to do is defeat isis.
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and other extremist groups, radical islamic groups in that region. that's number one. number two, then, is to sort out this political question. and it may mean this world 1 structure, the agreement doesn't work. you can't put humpty dumpty back together again. and we might have to look at some sort of creation of things like emirates, that more reflect cohesion in terms of ethnicity and religious status, and maybe have some loose federation, con federation above it and there are models, like the united arab emirates that could be used for this and may be more reflective of the cultural issues and more acceptable as an end state than trying to reestablish iraq or syria as a sovereign nation. charles: again general, i want to switch gears a little bit. the u.s. army is confirming now that a less on, clinton is an
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insider threat due to her mishandling. will a president clinton put our national security at risk? >> i think we have to worry about in i top leaders that have misused or abused the handling of classified material. you know, i had a clearance and i still do and i've been periodically polygraphed because of it. that means that even if you're a top leader, it's important to understand that you're taking the right care with this classified material. i wish we had done that with secretary clinton. maybe the machine would have broken, but at least we'd know if we had violations. i think there's been too much of a cavalier attitude in responding to these charges. this is serious. dismissing these things as not important, somebody else did it in the past, little small c's in front of the paragraph don't mean anything. this is ridiculous. this is our national security that's at risk. charles: commander, if she were to become commander-in-chief
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though, and you're a young enlisted military-- in the military, you've seen these manuals and you have this sort of animosity toward her, would that hurt her ability to lead the military? >> i think you have to realize that our troops understand the position of commander-in-chief. and they're able to take the politics and the personalities out of it. their leadership is immediately in front of them. when you start talking about sergeants and captains and others up the chain. the expectation though from the senior military leaders and what they should demand is the same respect for handling of classified materials and making judgments that they have to ensure that they're capable of. the commander-in-chief is a position, a military position, like being the general. and you have the same obligations. it isn't different just because you wear a skirt or a suit. charles: general, donald trump
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has been fine tuning his border policy now. we're hearing that terrorists, at the same time, we're hearing that terrorists are starting to target specifically our southern borders. so do we need to get tougher on the border and how probably should that be implemented because it's a complicated situation. >> well, first of all, i think any nation has to control its borders, especially in an environment where there are security threats that could come into our country and you know, as we've seen here and as our european allies and others have seen, the lack of control of your borders and access to your country creates vulnerabilities and you could pay a big price for this. we have, and so has france and belgium and others. how we do it, i think we need to take the advice of our border patrol, of those that are responsible for maintaining this security. give them the resources, the assets, and the procedures and processes and political support they need to construct the right kind of security.
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whether that's physical barriers or that's greater intelligence, that's more border patrol personnel that are patrolling. that should be determined by the experts. but it's an essentially critical for us to have that kind of control. charles: general zinni, thank you very much all of your wisdom this afternoon, thank you. >> thank you. charles: we've got an update on the attack on the american university in afghanistan. the head of the kabul hospital there saying one student is dead, 14 are wounded so far. no word yet on motive. we're going to continue to monitor that situation. in the era of shrinking deficits is over. that's right, breaking news, deficits are expected to rise, in fact, dramatically over the next decade and that's the guy that says this will lead to certain disaster and this is just breaking, florida department of health saying 15 new travel related cases of zika in that state. it's spreading. governor rick scott is here with an important update. you didn't read your car insurance policy.
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liberty stands with you™. liberty mutual insurance. >> right now, italian prime minister is talking and central italy was struck by a 6.2 magnitude earthquake this morning. it's left over 70 dead and hundreds injured. this is shocking video. a 65-year-old man is rescued from the rubble after being buried for nine hours. we'll bring you the latest developments as they come in. meanwhile, anemic growth and sky high debt. public debt with reach 70% of gdp, and 9 trillion more will be piled onto our debt over the next decade. the federal budgets, mark, how dangerous the crisis can be.
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in this election, we don't hear a lot about the debt and deficits anymore and that's something that americans were frightened up not too long ago. >> it is interesting. actually, the candidates want to increase the debt even though this year it's going to reach record high levels never seen other than around world war ii. charles: what is it? why have we become so sanguine. what are people missing now? even though greece is in bad shape they haven't completely fallen off the cliff and we have decades before it happens to us? >> the deficit, the amount that we borrow came down a lot between 2009 and 2015. in 2015 only 400 billion and change, but that's over. now deficits are rising again. they're going to be about 35% higher this year, trillion dollar deficits are going to return by 2024 and we're going to hit a new record soon after that. charles: we know that was some sort of a quirk. think about this only 400 or some odd billion, that's a
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record in itself. it gets back to the notion that we've sort of, you know, i don't know, just-- we've fallen into this false complacency. explain to the audience, what is the danger of these? why does it matter? why can't we continue to pay the interest on it and live happily ever after? >> look, if your debt rises, it reduces the amount of investment into the economy. the congressional budget office, nonpartisan official score keeper of congress says it's going to slow wage growth and increase on mortgages and leave the government unable to fully pay its bills without any some kind of fiscal crisis. charles: so we're talking for a crisis for our kids, our grandkids, our great-grandkids. because we've kicked it down the road, it's down the road and i like the supply sides issue with donald trump to mitigate that more. >> i think some of it we're feeling already. some of this is going to be slower wage growth. when we look at the economy
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stumbling along. i think we should suspect that as long as as long as there's a huge debt crisis. and no one knows when it will hit, five years and 35 years, i don't want to take the risk and find out. mark, can you tell us, is it reversible? have we gone past the rubicon on this? >> we're not past the point of no return. if we get tax reform and social security and medicare under control and cut wasteful spending and use that money to reinvest in the economy, we have room for a much brighter economic future. charles: mark, thank you very much. we appreciate when people come on with good news, a little good news. i've got breaking news, we'll update you on the latest in italy and the prime minister says the death toll has risen to 120. get set for dow 20,000 with or without a rate hike. and the pro who says the rally is just beginning. he's next.
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>> flashback to the flash crash. remember this? it was one year ago today. the dow dropped 1,000 points and volatility in china, and fears hit investors. it's one year later and the dow is up 3,000 points and i've lauded investors who kept their cool amid the freakout. it goes to show in the face of panic, it's kind of cool not to panic, just stay put. not much action this week, investors awaiting janet yellen and we'll be speaking on friday. the market expert joe fomi says the market will hit this year.
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with or without a rate hike, you say we're at 20,000 in 2016. >> i'm saying there won't be a rate hike this year and that's the back drop that will help the market move higher. i think we've been in a bear market in the past year until july. the major averages have masked what's going on beneath the surface, a lot of people risk averseap are in the heavy weighted s&p stocks. we saw energy correct 50%. biotech 40%. small and mid cap, financials, 20 and 30%. after the brexit event, with the technicals, leads me to believe we could be starting up. charles: and i agree with you, i would say this on the air. it created some, too, i had u.s. steel and 25%. and whether it's brexit or the february low that does that, it was a double bottom by the way,
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ironically with the low of the flash crash. what would be the catalyst from here? >> i think it's the backdrop what we alluded to by the fed. there's a globally coordinated effort to keep the interest rates low and keep the market high. charles: you just said we were in a bear market with the accommodation, it doesn't feel like it works for the economy. >> i think it's the backdrop because there's liquidity and they say don't fight the fed. second thing is the technicals, when we have a move from 2000 to 2175 in the s&p after brexit. we've just frozen here. what controls the markets are the big institutions, the big pension funds, mutual funds buying hundreds of thousands if not millions of shares. you can't hide their hand on the tape. after the huge move nobody is selling, they're accumulate lating beneath the surface. we've had headlines of military coups and terror attacks and zika. it doesn't matter. you've got to pay attention to the market's reaction and
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technicals are strong showing me that institutions are accumulating stocks going out three to six months. charles: technically we're building support which gives you the confidence that people who could sell, they're not and you're saying they're smart investors and well-heeled. and it's what could spark the rally and get people to spark, these well-heeled smart investors? >> i think that the earnings, the last time we've had this many months of consecutive earnings declines was march of '09, october of '02, great times to get into the market. the market is discounting what could be a six to nine months from now, an improvement in fundamentals so the market tends to trade on what's going on in the future. charles: i know a week ago, almost every company reporting in s&p the first time it's gone back and 2014, revenue an and
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earnings are up year over year, is that something of of a cycle, because we need justification at these levels. >> sure, the liquidity provided by the fed is giving adjustment to that, we might see higher valuations and earnings, it's not just all around where earnings are slow. energy and financials are weaker, but technology, telecom, infrastructure, there's a lot of claude-- clouds stocks growing, 20, 30, 40%. and the market tends to pull the majority and almost everyone i'm talking about is pessimistic and down on this market. charles: what would change your assessment of the market? you do your work and crunch the numbers every day. what would be the red flag that would upset your model. >> if the fed hikes rates, which i don't think they will, that would upset the model and if i start to see the institutions showing signs of selling, but traditionally, august, september, down months for now. it's been decent and i think as long as the institutions continue to support the market
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and the fed has our back, i say stick with the trends. charles: and sadly, individuals have been selling and missing this, but they've missed so many of this rally since 2009. joe, thanks a lot. >> thank you for having me. charles: vice-president joe biden is in turkey meeting with the prime minister erdogan. biden just saying he's sorry for the loss he made during the coup. the united states stands with turkey and some people are questioning that in the midst much that coup when the attacks were happening against the people of turkey. next, the battle of the billionaires 2.0. after tweeting it out with arl icahn, mark cuban is in a twitter battle again this time with mark welch? charlie will have the details. i don't want to live with
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>> while we're awaiting donald trump, he's set to appear in a rally in tampa, he's been tough on the clinton foundation and is not expected to let it go. first it was carl icahn and now mark cuban is targeting jack welch over the clinton foundation. charlie: we love a good twitter war and so does mark cuban. he's a hillary clinton supporter and maybe more anti-trump than anything else, but endorsed hillary clinton and that's where he's coming from. jack welch is kind of an anyone, but hillary guy so that's where he's coming from. and to call this a twitter war may be something of a stretch. it seems one-sided, but the
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first tweet did come from mr. welch 9:35 p.m. on monday. watching the kelly file on the fox news channel. welch tweeting out hate to see my old colleague austan goolsbee defending the pay to play on @megyn kelly, the kelly file. and he used to work for president obama. mark cuban scrolling through the old feed the next morning at 10:37 a.m., tweets, you have money, speaking now to welch, apparently, access, give one example of where you were able to buy, pay to play from clintons, question mark? he wants an example and a few minutes later, you know what it's like to be falsely attacked again tweeting towards welch, shouldn't you back up accusations with facts. that's where we are in this. and the thing is, charles, welch is not big into replying and going back and forth with people on twitter. cuban is. he said, you know, it's somebody else, nobody's been
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charged with bribery, nothing illegal happened with the foundation, but welch kind of lets it stand. it's kind of like, you know, welch old school puts his tweet out there and stands for itself. cuban is not exactly gasparino, he's maybe more like you and i and responds to people and goes back and forth. charlie: he's kind of like me. >> cuban? connell: you. charles: thanks, connell. as you guessed charlie gasparino is here and so is dagen mcdowell to react. cuban is always down for a good dust-up. you know that. charlie: he just got off the fight with carl icahn. i should point out i'm like jack welch and i know mark really well and know carl really well. they're all spirited people and i think it's a healthy debate given some of the crumby and vile debates that go on on twitter. we' we're debating economic policy
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and whether clinton foundation is a slush fund. and cuban says back it up. and you pay her money you get business dealings with the state department. this is a really good debate. dagen: i agree, i don't think that jack welch responded because he has a life and he has a family. charlie: cuban has a life, too, wait, wait. dagen: if you look at cuban's twitter feed, he has a lot of time on his hands. charlie: no, mark's got a life and kids and-- >> there must be a generational divide. dagen: he likes the fight and he got into a fight with one of the originals, and complaining on twitter that twitter needs to edit content to remove some of the garbage. and so, he got in this long back and forth with one of the early twitter investors. charlie: isn't that good? what i will say about mark. dagen: he's annoying. charlie: but i would say this about mark, mark is a really-- he speaks from -- he's not -- he's an undead ited guy and
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wears his heart on his sleeve. he comes out there for a billionaire. he comes out there and actually gives an opinion and backs it up. i like that about carl. i actually like-- i really like that about jack and i think we need more of this. this is what makes twitter good. what makes twitter horrible and there's a lot of stuff out there is the vile and disgusting. dagen: we both get a lot of it and we get it from the right and the right and the left. charlie: don't you think this is good stuff. dagen: i think that the only difference between you and mark is that you tweet, photos of yourself in your sweaty t-shirts after long runs. charles: intimidating. charlie: i'm in better shape than mark, let's face it. dagen: not every twitter troll is from the south and lives in a trailer. and had quite the-- >> a lot of them have underwear around their ankles. that's one of the second favorite comebacks. dagen: thanks for pointing that
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out. charles: we're learning something from this though. i think as long as it's civil and two guys who have the best things at heart and substantial. dagen: i'll do this on tv instead of twitter, mark cuban says we've seen 30,000 twitters and not one is highlighted is a lie. and what she said about the-- and pushing back on it. charles: we'll leave it here. mark cuban, you know her twitter handle. get-- >> and i'll pay attention, mark. charles: the question, what is the libertarian ticket planning for this economy? we'll let you know. friday, we've got a huge event 9 p.m. you're watching that, john stossel is hosting a town hall with gary johnson and john wells. and zika spreading and is florida confident that it can be contained? we've got him. rick scott is next. better buckle up.
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rocked like this. oh yeah, siriusxm is on for free right now. so tune in and let's ride! >> i'm adam shapiro live on the floor of the new york stock exchange with your fox business brief. we're watching the markets trade down. the dow is off 28 points and s&p 500 down 4 points and the
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nasdaq is off about 10 points. what the lord of housing giveth, the lord of housing taketh. the new family moments, existing sales according to national retailers, in july down actually compared to june and the animal run rate is 5.35 million units. as a result, home builder stocks are falling and yesterday they were up today they're down. and kb homes. as we got u.s. food, oil, inventories, much higher than expected as well as gasoline stocks and finally, the stocks falling right now, and everybody worried what the federal reserve is going to do. more cavuto coast to coast after this.
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and others, and we know that it's tough, tourism is a major have i for your state, but by the same token, people are wondering, how safe is it to visit anymore? >> first off, it's safe to visit. we have great mosquito control boards and great health departments across our state. we have 43 cases in the entire state that takes 15 hours to get from one end to the other, 20.6 million people, 43 cases of local transmission. the only areas we've seen local transmission is the area that's now down to one half square mile north of downtown miami and 1.5 square mile area in miami beach. we've gotten very aggressive mosquito abatement efforts. our education efforts is paying off. everybody is getting rid of standing water and wearing protective clothing. and for pregnant women,
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assessment. and we'll make sure that they're safe and their children are safe. charles: governor scott, any signs that you'll be able to say the coast is completely clear? >> the first area we saw local transmission was local downtown miami, winwood. it started with one square mile. we've cut that in half. we haven't seen a new local transmitted case there in over two weeks and it's really because of education efforts, and it's really because of great mosquito control efforts. so we're doing that around our state and investigating every new case to make sure there's no local transmission and so, you have to put things in perspective. i think we're, you know, look, we want everybody in the state, i'd like to have no cases, but we have 20.6 million people and had over 60 million tourists and we're doing everything we can to keep people informed with accurate information and keep everybody safe. charles: governor scott. thank you on that. i want to switch topics to politics if we can. we're awaiting a donald trump
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rally in florida in your state right now, and campaigning telling that donald trump is going to be focusing on pro-hispanic economy and talking trade energy and hillary clinton, quote, her anti-american policies. donald trump, of course, is in the process of softening, those are his words, his tone and policies with respect to deportation and immigration. do you think that's the right-- a step in the right direction for him? >> well, the trump super pac, rebuilding america, we have the ad out broke, hillary clinton saying they were broke when they left office and started a foundation now and worth $100 million. we know the issues with the foundation. first we see that the clinton white house, the lincoln bedroom was for sale and now we found out the secretary of state's office is for sale. and that's the important poli policy. and we have immigrants from all over the world. i agree with donald trump, i want a secure border and
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immigration policy that clearly works. our federal government has failed us on securing our border and making sure we have an immigration policy that we all understand. charles: there were a lot of voters in the primaries who really, really gravitated to donald trump when he talked about deporting. the law and order candidate and people broke the law and people came here illegally and they've settled here in many cases perhaps have taken jobs from americans are on public assistance of some type. so, they do cost billions of dollars net-net. what do you-- what will be the solution for that if not deporting them? >> well, we'll see what the two candidates come out with. i support donald trump because i know he's a business person that will have practical solutions. he knows how to build private sector jobs. hillary clinton is a candidate that believes in, i mean, she's not focused on vetting the individuals coming into our country. after the paris bombing, i asked president obama, the white house, will you give me, will you tell me how you vet people and tell me what you know about them before they come to my state? donald trump will do those
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things. i want a person in the white house who will make sure we have legal immigration to this country. charles: thank you. good luck with the zika update, sounds like you're doing a good job. charles: someone says that capitalism is wrong, but kennedy is here to defend the free markets. she's next. just like the people who own them, every business is different. but every one of those businesses will need legal help as they age and grow. whether it be help starting your business, vendor contracts or employment agreements. legalzoom's network of attorneys can help you every step of the way so you can focus on what you do. we'll handle the legal stuff that comes up along the way. legalzoom. legal help is here.
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and that's live talking about it this morning. what does the free market saying about this price hike? >> there is no free market when you've got something like the fda holding competitors back from entering the marketplace and that's why this is such a great disservice. because you have a monopoly, you have one company who's had these rate hikes since 2004. to the point of 450%. it's now $600 to get an epi pen. we're not talking about a nutritional supplement. this is a life or death drug. if you've got a child who has a peanut allergy and goes into ant shock. and right now, wal-mart has one $142. a lot of people don't know. and there's another company that is trying to get a lower cost competitive market and the fda has been holding them back
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as well. so, there are other options out there and that's exactly what you need. you need competition in order to drive the costs low. you don't need congressional interference and that's the problem. whenever we see an issue like this, give the company bad publicity. shine some light on it, but more oversight, more government, more insurance chicanery isn't going to benefit the people who need it. charles: it feels like more grandstanding than anything else. and the pharmaceutical that promised this year, thought they would get fda approval any moment now for a pen, a similar generic version, but it does get back and the public never knows or doesn't hear about the fact your average drug costs 2.9 billion to create. it has limited shelf space and once they create the blockbuster, they've got to run with them and ultimately there will be a generic version and nobody makes money. >> now that so many companies and drug companies and doctors
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are shackled by obamacare, losing so much money they're leaving in the exchanges. the ones who stayed, how can they possibly make up the losses and that's why they're passing those costs on to consumers instead of covering most of the drug costs. now consumers are footing a lot more of that. charles: the medical device tags hurts innovation and this is a medical device. these are things that people warned about when obamacare came in. what do you make though of the ceo pay, by the way, joe manch manchin, his daughter, heather, 670% pay increase over the same period that this drug price has gone through the roof. their stock is only up 125% so if you're on the board of directors, how do you justify this price increase, even without this particular scandal? isn't this one of the misgiving some people have with at least current america style capitalism? >> it simplifies it to talk about hers, but i'd like to see
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her compensation package. if i was on the board, what can we do get get our consumers back. they should be worried that there are coming on the market and take their market share. you're going to hear about a fatality or near fatality because of that and that's going to be a massive black eye for this company. if you have a family out here that can't afford the drug and unfortunately had some sort of allergic event. charles: do you see a point where the knee jerk reaction will be less regulation and not more? >> i would love to see that. i would love to see that right now, but in this political climate we're in, people are still clamoring for more government and more regulation on all sides. it doesn't work. it's an incredible hindrance to the point of being deadly. charles: you know, i mean, listen, even louisiana we're going to have help those folks out there a lot more and that means that government has to come up with billions maybe it didn't have. that's the circumstances we're in, right? hopefully we all want more. and donald trump about to take
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the podium any moment in tampa. former new york city mayor rudy guiliani. and he's sweating, hitting hillary clinton hard on the foundation. we'll be right back. many people clean their dentures with toothpaste or plain water. and even though their dentures look clean, in reality they're not. if a denture were to be put under a microscope, we can see all the bacteria that still exists on the denture, and that bacteria multiplies very rapidly. that's why dentists recommend cleaning with polident everyday. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day.
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charles: investors waiting to hear from janet yellen and her big address at jackson hole. wall street will be watching it. we'll be all over it on fbn. one thing the fed is eye, housing. existing home sales weaker than expected but new home sales saw huge gains. conflicting information. i will be all over this stuff on making money @ 6:00 p.m. eastern. now trish reagan. trish: charles, thank you very much. donald trump about to take the bode yum in tampa, florida. rudy giuliani is warming up the crowd. we'll bring it to you as soon as it happens a fresh bombshell report on the clinton foundation.
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the associated press reporting that the majority of people hillary clinton met with as secretary of state were clinton foundation donors. i'm trish regan. welcome, everyone to "the intelligence report." the optics on this one are not good for hillary clinton. turns out mrs. clinton had one-on-one meetings with 154

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