tv Wall Street Week FOX Business October 28, 2016 8:30pm-9:01pm EDT
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. lou: joining us now, former assistant director of the fbi in new york, bill gavin. bill, great to have you with us tonight. i've got to ask you as a former official of the fbi, how do you feel after what you witnessed today. your old agency, reversing ground from july and reopening the investigation into hillary clinton? >> lou, i believe there's a lot of people in washington, d.c. at 1900 pennsylvania avenue that feel happy about the information the director released. i think it probably vindicated the feelings and thoughts of the people within fbi headquarters. bottom line is, though, i think we make a mistake if we think that this is something that just popped up. i'll guarantee you it's
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something -- 3 1/2 months ago the director made a statement which caused angst in a number of people in and out of the bureau. they have been working on this for 3 1/2 months. they have something solid or he never would have had to say what he had to say today. impossible. lou: why would he frame it, talking about director james comey, why would he reframe the opening in terms that they did to see it is pertinent to see whether or not it is worthwhile, and he won't know for sometime? because my impression, and i think what you're saying, if i may infer here, you're saying he had to know this was substantial and a very big deal or he wouldn't have had the temerity to reopen the investigation 11 days before a presidential election? >> bingo, you're right on target, lou. he used the mechanism, the letter today to pull the tip of the iceberg out of the water. he knows what the depth and breadth of that iceberg is
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right now. if you noticed today, a subtle thing, i saw hillary get out on her first appearance in iowa today. she used the worst enemy in there was her briefing book, she was flipping the pages and couldn't keep track of what's going on. she knows what's coming, she knows based on what she did something is coming. i'll guarantee you that. lou: do you think that james comey, the fbi, would be willing to listen to both hillary and her campaign head john podesta. they asked for whatever they've got in the way of evidence to be released to the american people in this important presidential election with 11 days to go, as i said. >> yes, i heard her say, we want everything, we've been vindicated, we want you to produce everything. that's nonsense. you know, that's just another -- guess right along with her
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way of lying about everything that the clinton campaign does right now. it's ridiculous. the other thing, lou, they think we have to remember is twice during appearances with comey before the committee, they asked him about the foundation. he said once he dodged the question once, the second time he said i'm not talking about that. you suppose that maybe they've been digging around in that foundation and found a few things as well that's going to be very, very difficult for the clintons to get through? >> to be honest with you, bill, i had the sense, and this is only a sense, obviously, but that this investigation, whatever form it takes, the scope has been widened considerably, though it may have been the result of an investigation in some serendipity is the way it seems to many in finding something on an huma abedin device or that
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of her estranged husband, former congressman anthony weiner. you know, we've been told that hundreds of agents have been at work in this case that governor mcauliffe of virginia still under investigation. what is the mood? what is the morale like in the fbi right now amongst agents? >> i think it's probably mixed emotions there. you know not having been part of that investigation or privy to how the conclusion was reached, i haven't got a lot to say about that, but i know agents. if they don't believe in something, they'll keep working and working and working until they get what they believe is the truth, and where an investigation should be going. i hear a lot of people say about the fbi's lost accountability there, political, nothing could be farther from the truth. maybe some of the management of the fbi --
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lou: people criticize the fbi, but in every instance i'm talking about the leadership of the agency and i don't back off of a single, single criticism i've made of that leadership. >> i believe that, too. i believe that, but the rest of the agents and the fbi they'll do what they have done for years and years, the criticism should be run just like any other criticism. lou: all right, bill, always good to talk with you and thank you for being here. bill gavin. >> my pleasure, thanks, lou. lou: up next, donald trump's favorite slogan these days taking on a new meaning today. >> when we win on november 8th, we are going to washington, d.c., and we are going to drain the swamp! >> former presidential candidate, media mogul steve forbes weighs in on trump's new
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od. helping the world keep promises. . lou: on wall street today, stocks closed lower, the dow industrials down 8 points, the s&p down 7. fairly heavy trading of late. 4 billion shares. news of the fbi reopening the investigation into hillary clinton's e-mail scandal having a direct effect on investors for a time. the dow tumbling as much as 154 points when the news broke. the dow then quickly recovered obviously before the close. for the week, stocks mixed, the dow up less than a percent, the s&p and nasdaq down a percent. a reminder to listen to my reports three times a day coast to coast on the salem radio network.
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joining me former presidential candidate himself and forbes media and chairman editor in chief. steve forbes. good to have you here. >> good to be with you. lou: your reaction when the fbi reversed the investigation james comey reopening the investigation and as he put it, supplementing his testimony he had given previously. ah, the first document itself. >> underlined, yes. again, we keep saying it, you can't script this stuff, and then having anthony weiner make an appearance in this scandal, oh, my gosh. lou: it does seem like there is broad, wide circle that is being filled in here. anthony weiner, huma abedin, but at the same time, the fbi reversing itself. something they think most people discredit it as even a remote possibility is now a
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reality in this extraordinary campaign. >> as your previous guests noted and as you noted, there's a difference between the leadership which did take a fall for a while on this thing and the field agents that did the work and were disgusted. the rumors were rampant how unhappy they were. no keeping a lid on this. lou: you have been covering an economy, managing an enterprise and storied publication for a very long time. you've seen a lot. does this have an immediate and lasting impact on the outcome of this election in your opinion? >> what it underscores is if donald trump sticks to script, underscores is the real issue of the campaign, do we want four more years versus temperament? she's had a run at his temperament. now it's about four more years of clinton drama, a punk
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economy, that third quarter report, if you dig beneath, it business investment still bad, consumption falling, the fed says -- lou: 2.9 ain't so great. >> ain't so great and the fed says the fourth quarter going to go down 1.5%. punk economy, world falling apart, scandal after scandal, this selection still fluid, highly fluid. lou: fluid, but also, if you will, some would argue tailor made for the talents and temperament of none other donald trump. >> this is where he can say -- lou: if you're not a fighter, i don't know why you would want to get near this. if you don't have a fighter against these cross currents, against these challenges, against this chaos that is becoming our daily routine, it seems on this globe. >> no one can accuse him of being part of the political establishment. he established that a long time ago, and the very things that look like they're working
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against him now are working for him. but in the next ten days, hillary clinton, she thinks she's going down, i guarantee you they're going to throw something else out there. lou: they're going to do that, anyway. >> you know it. lou: they're going to fire effect, salvo after salvo. >> stay tuned. but the fbi thing is serious. lou: it is serious and may be determinate in point of fact. it's going to be seen where it leads, but one thing that is without reservation or much debate or argument, and that is everywhere a clinton goes, there is sure to be charges of corruption, allegations of inside dealing whether it be teneo the firm. >> we're learning that word now, teneo. lou: or the clinton foundation, the global initiative, this is
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a cesspool that is being revealed here. >> and that's why the saying that you say where the scandal goes, the clintons are sure to follow. where scandal goes scandal will follow. lou: steve forbes, as always, good to see you. >> thank you, lou. lou: steve forbes. donald trump says his opponent has gotten away with far worse than any military members who paid a much bigger price for a much, much smaller offense. >> for all of the people that have suffered for doing so much less, including just recently four-star general james cartwright. general petraeus and many others. perhaps finally justice will be done. [cheers] >> and we are awaiting the beginning of his rally, donald trump's rally in cedar rapids, iowa.
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we'll be going there as soon as he takes the stage. tony perkins, president of the family research council, one of the country's leading evangelicals joins us here next. we're awaiting that rally in cedar rapids. stay with us. iowa republican congressman ron blum, you may have just seen him. can we go back for a second, congressman blum warming up the crowd. a lot more coming right up. don't miss a seconds, we'll be right back. you pay your car insurance
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think would be of immediate extraordinary help to the trump campaign, your thoughts? >> well, first keep in mind this still is the obama administration department of justice. i hope we might see maybe a grand jury convene to look at the evidence that comey was making reference to. i still don't trust the obama administration. they have this department of justice has overseen corruption for eight years and done nothing about it. the question is will hillary be in the white house or the big house? who really knows? it's not going to affect her supporters, okay? they've been a part of supporting. lou: i get that, and i know that that's sort of the talking point right now of the left. but i have seen some pretty amazing reactions today on the part of those who do support her. >> they're on the margin. look, they supported a corrupt administration for eight years
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where, this makes a difference, lou, are the people on the fence right now. this is a major red flag. we've seen what lawlessness in our leadership at the top of the nation results in. chaos in our communities. we've seen it for eight years. it also, i believe, should effect the evangelicals sitting on the side lines saying look, this is a choice i don't want to have to make. look -- lou: poor, babies! come on! >> i have no patience for that because we have, in part we have made this mess because we've not been involved in our political process in getting behind candidates who reflect our values, but we're now with a choice, choice between someone who is clearly connected to corruption and someone who, you know, we have questions about character. lou: how do you explain the people who have been never-trumpers knowing damn
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well that their choice to abstain or to favor a third party or to withdraw entirely, they're trying to deny that that's not a vote for hillary clinton. corrupt across the boeshgsd and you and i and they know it. >> well, today, the curtain was pulled back, so there's no question about the corruption, granted we don't know all the details yet, but this is an unprecedented as you've been talking about for the fbi to reverse itself. so they now know if they do not vote in this election or stand out or vote for a third party, they will be assisting one of the most corrupt individuals who has ever been in public office attending to the white house. lou: will that inspire evangelicals? will that bring them back to the polls which they abandoned in 2012, in all honesty, they were not present and accounted for and helpful in 2012. >> yes, there were several that did, many that did stay home.
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do i think it will. i've heard from pastors across the nation today who have called and responded to this, realizing how deep the corruption goes, and look, when justice sleeps, corruption roars. and we will see -- lou: could anyone be more -- could anyone be sleepier than mitch mcconnell, paul ryan, in terms of their activity in support of party's nominee? they're opposing him. >> and, of course, they're the reason that donald trump did so well in the primaries, because people want somebody who's going to fight. they're looking for a fighter, not someone who's going to get along as the republicans have done for the most part in washington, d.c. >> are republicans going to come home? that's what i'm asking you right now. evangelicals, all of them? >> i think evangelicals will -- those sitting on the sideline,
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many not all, many will realize the depths of the corruption in that we cannot, we cannot as a nation tolerate an administration that's going to sweep this to the side or expound it. we're going to have someone go to washington, d.c., and clean up the corruption. and there's only one person in the race that will do that. that's donald trump. lou: gotcha. tony, good to have you here, good to see you. >> thank you, lou, have a good weekend. lou: thank you, tony perkins. our quotation of the evening, this one from congressman trey gowdy reacting to the day's events, you know him as the chairman of the benghazi select committee. he said this today -- that's my very best latin. it means and there you see it. may justice be done though the heavens fall, or rise, if i can throw that in. coming up next, donald trump reminds his supporters
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how serious the investigation into hillary clinton's e-mail scandal is. >> this is the biggest political scandal since watergate, and i'm sure that it will be properly handled from this point forward. lou: republican campaign strategist tony sayegh and defense attorney rebecca rose woodland join me here next. trump set to speak to supporters at a rally in cedar rapids, i know i've said that before, we're told he's coming right up. a lot more straight ahead, stay with us, we'll be going to cedar rapids, as soon as he gets to the podium. a lot more straight ahead. stay with us, we'll be right back. this man creates software, used by this bank, to protect this customer,
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to watch the fbi will reverse itself like this and create what has been an extraordinary explosion in a presidential campaign in the country, your thoughts as an attorney about what's going on? >> i would be very nervous if i were representing hillary and if i were involved in illegal team up to this point last three years. i'd be very nervous. the fbi is reversing itself basically saying we are going to reinvestigate. when did they do that? this is serious. this is and just we are going to review, they have reviewed and they have seen things and now they are going to really look into it deeply. >> lou people intuitively know that the big deal. there has been a lot of conversation last 12 hours about the fact that how big the impact will be in the electorate. this was a complicated issue in the summer and there have been things about the corruption with the server, with the foundation and other aspects of clinton inc. but no one understood all
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