tv Wall Street Week FOX Business June 23, 2017 8:00pm-8:31pm EDT
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trish: i appreciate you being here. thank you for joining us. my thanks to lou for letting me sit in for him tonight. i'll see you at 2:00 p.m. sharp on the intelligence report right here on fbn. good night. >> announcer: from fox business headquarters. the all new "wall street week." maria: welcome to "wall street week," the program that analyzes the week that was and. hes position you for the -- helps position you for the week ahead. carley fiorina is my special guest. but first we have some of the big headlines from wall street to main street. reporter: busy week on wall street with more uncertainty out of washington as well as a new downturn in oil prices that puts pressure on the markets.
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oil down 20% since the start of the year. the healthcare stocks accounting for big gains. the dow and s & p finishing higher for the week. as for that senate healthcare bill, the political fight is already on. four republican senators said they won't support the bill. it makes cuts to medicaid and eliminates nearly all the obamacare taxes. democrats labeling the proposal as a giveaway for the rich. it was a bumping week for uber with its ceo resigning. they blame kalanick for the p.r. problems. the company yet to name replacements. qatar airways plans to purchase
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a stake in american airlines. but it comes with serious questions after qatar had all diplomatic ties with neighboring arab nations cut over its ties to terrorist organizations. maria: the senate could vote on a healthcare bill as early as this upcoming week. president trump is still looking for a major legislative victory and so is the stock market. it wants the trump pro growth agenda made into law. scott, great to see you. thanks for joining us. your firm hold sick healthcare-related companies in your portfolio and you are the chair of the brigham healthcare system.
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how will it impact? >> i think the complexity of the healthcare issue is great. we all know that. we are trying to provide good quality care for every american and reduce the overall medical expense. and the healthcare plan the thee considering in congress has the problem of trying to make trade-offs based on the way we deliver conventional services. we look at how we do that. but at a level of expense that is more rational, given the pressures that we have on costs in this country. and that requires changes in behavior on the part of providers, on the part of the government in term of the wait compensate and looking at ways
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to more fairly compensate providers to figure out how they can provide a broad rank of services at much lower expense. maria: they want to see premiums come down. broadly speaking, what he haven't seen a massive legislative victory out of this administration, and they are talking about healthcare reform and tax reform. how important is it for economic growth for investing overall to get these two big issues done? >> tax reform need to be focused upon in term of it overall impact of the psychology of the economy and the ability to be highly competitive in this broad global economy. and i understand the reason that everyone would like to have an ideal tax plan and tax structure. and i would commend the peaker and kevin brady, the chairman of the hous house ways and means
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committee for trying to do that. but the political realities would suggest we are not going to get the ideal. what is important is to put a win on the board for the administration and the american people. and that would be to bring count corporate tax rate, realigning our individual rates in a way that may be i am permanent if you look at the nature of reconciliation. we may have a wall in 10 years where we would need to revote on these things? but that's acceptable as long as we can get that 9 or 10-year runway with tack reduction that will be highly stimulative to the economy, create demand and allow businesses to have more visibility as to what those tax policies are. maria: you have got to operate your business regardless of what's going on in the broader story.
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whether they are going to pass legislation or not, you are investing in a private he can quit firm and you are looking for growth. where is the growth? >> growth is coming from technology and e-commerce. there is growth in providing services to allow businesses to become more efficient in the provision of services and goods that they have to make. and so what we have been doing is looking for areas where we can find copies that are in this growth dream so that we have a tail wind. we spend an enormous amount of time trying to understand growth trend that we think are sustainable. and where the operating capability our firm possesses can be deployed on the part of that company to get it to the next level and take advantage of the industry growth trends. mhs is a provider of turn-key
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services on the fulfillment side of the world or the amazons, upss, the fedexes, dhls and others. they provide services from designing software, the physical infrastructure, the machinery and overseeing the engineering and implementation of the large facility that allow them to be-more efficient in delivering packages on a timely basis to consumers. maria: what your take on am zong taking over whole foods. >> it's a good move for amazon. it's hard to do that without the kind of specific logistic structure that a large supermarket retailer like whole food can bring. maria: thank you so much. scott sperling. more "wall street week" right after this.
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to grow the businesses of tomorrow today. learn more at esd.ny.gov maria: senate republicans release a bill of their draft. it would phase down the medicaid expansion, repeal obamacare taxes except the cadillac tax. it would also give state more latitude to opt out of regulations and eliminates all federal funding for planned parenthood. the senate is waiting on the cbo to score the bill. once they get a bill scored, that could enable them to put it to a vote next week. joining us to talk more about it is the former ceo of hewlett-packard, carley fiorina.
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the day has arrived. a poe tepg vote next week. what's your take what we are hearing so far on the progress on this agenda. carley: i think it's important that a bill get passed. beyond that, though, what republican leadership, beginning with the president but not ending with the president need to do is sell this plan to the american people. healthcare is not just a political football, it's a very personal issue to he single american and he single family. when americans don't know what it mean to them, obviously that's a problem. i don't think we understand enough about what it actually means. i hope this bill is the first step in a healthcare reform process, and not the last step. we need to restore competition to the healthcare market and particularly the health insurance market.
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and we need to restore competition so we can lower places and improve quality. maria: they want to roll back a lot of obamacare taxes. one of the issues you campaigned on is the big government. the fact that we have such red tape and bureaucracy and the number of rules and regulations increased so much under president trump. what do you want to see in terms of making government smaller, something that's very important to you? carley: my test for any administration, including the trump administration, are we moving money, decision make, power outside of washington? all that bureaucratic complexity favors big companies over little businesses. it favors wealthy connected privileged families over middle income families and poor families because it's only people who are wealthy,
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connected or big who can hire the lawyers and accountants to navigate through the complexities. so we have to see that. that's part of why restoring competition to the marketplace is so important. that's why i say i hope this bill starts the process of reducing complexity of returning money and power and decision making to states and businesses and families. but i do it' the end of that process. tax reform. you also discussed this. it's important in terms of moving the needle on economic growth. car require's probably the single biggest lever in economic growth. and it's not just about lowering the tax rates, though that's incredibly important. we can't have the highest business tax rate in the world. it's also about reducing the complexity.
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a 76,000 page tax code is a drag on economic growth. but it also favors the big companies over the little businesses and favors the wealthy and the connected over the not so wealthy. the complexity is a killer in government. and that ratcheted up dramatically under obama. but washington, d.c. has been getting more powerful and more money and more complicated for decades. maria: which is why the public wanted an outsider. do you think these big pieces of legislation to get done. and they have no participation from the other side. how did it come to this? do you think voters will hold dems accountable for just obstructing and getting in the way, making sure president trump's agenda doesn't go through?
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carley: i think democrats were disappointed in several elections. all those special elections. they were disappointed in the presidential. they lost so many governor's mansions and state seats the last 8 years. i think voters are voting democrats out which is why the party is in disarray. but voters want results. so i think republicans need to understand that voters want to see results in their own lives. and republicans need to produce those results. maria: when we come back i want to get your take on the technology summit. i know you are incredibly astute in terms of making things efficient. stay right there. we have a lot more to discuss with carley fiorina when "wall street week" comes right back. >> announcer: tech titans go to washington. >> america should be the global leader in government technology.
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maria: president trump says the federal government needs to modernize its technology. he had many top ceos at the white house this past week. >> our goal is to lead a sweeping transformation of the government's technology that will deliver dr. mathically better services for citizens. we'll change that with great american businesses like those assembled. the businesses represented here today employ hundreds of thousands of american workers. your innovation has shaped the
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modern world and created thousands of jobs. maria: we are back with carley fiorina who spent six years as ceo and chairman of hewlett-packard. will they get anything done? carley: we'll see. president trump is talking about the right goal. president obama talked about the same goal, in fairness. the problem isn't that there isn't great technology out there. the problem is the government procurement processes are so complex, many of them legislatively required. they are so by zah -- they are o byzantine. so unless that gets fixed you won't be able to accomplish a sweeping overall of the if
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procurement policies. maria: it seems like there is so much bureaucracy and red tape in government that you should be able to tap into some of the big innovations we have seen in the private sector. carley: that is heavy lifting and hard work that has to go on in these agencies on capitol hill in many cases behind the scenes it's not a photo-op. it's not a political sound bite where you can go to the voters in 10 days and say victory. this is a long, shard slog. that's why it's so important at some point we say the mark of success is moving money, power, decision make outside of washington and cutting back on this complexity. that takes hard work and people in place to do that hard work. maria: also the issue of cyber-security came up.
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something like a youtube or facebook live where you have got people killing each other right there streaming live, or you have got an account from people spewing out hate before they killed others. should the tech companies doing more to get ahead of terrorism when it's there in their own stream? carley: perhaps yes. and there are things the private sector and the federal government could be doing it together. some of those require a legislative fix. there are some restraints that could be removed to create greater collaboration it's also true, however, that to your point, special media is not private property. we get hung up about we are invading people's privacy. if you are killing somebody on air, that is not private property.
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if you are spewing hate. if i can figure out who my granddaughter temperatures newest boyfriend is on social media, we can finds out who is spewing hate. this is not like look at somebody's latest email. this is public property. every single one of these terrorist attacks we learned were on the internet publicly on jihadist remember sites spewing hate. we should know that. maria: people want to know what you are going to do next. in were rumors you were going to run for credit. you student on that stage with 15 men, you held your ground, communicated directly with the american people. how was it running for president? >> it was a great privilege. people made the same comments. how did you handle it with all those guys? that's been my story for most my life.
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i came up in technology. in some ways the men on the stage may have felt more uncomfortable than i did. but it was a great privilege. i loved every moment of it. talking to voters is uplifting. most citizens are not engaged in the political back and forth gotcha games. most citizens are just together best they can living their lives every day. and what they want is problems solved. the reason they are frustrated is they don't see the problems getting involved. maria: they want leadership. carley: leadership is always the secret cause, the catalyst to get a problem solved. i'm going to continue to lift leaders up wherever they are. i think it's vitally important, and i know from experience anyone can lead, leadership can be learned. it's not about your position or title or power. it is about are you working with
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others to get problems involved. maria: great to see you, carley. "wall street week" returns in just a moment. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country.
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at your local mercedes-benz dealer. mercedes-benz. the best or nothing. maria: a look at big market events in the week ahead that could impact your money. durable goods orders are up. pending home sales and consumer sentiment all on the economic report we are watching. nike is doing a deal with amazon last week. the senate could vote on the bill to repeal and replace obamacare as early as next week. fox business will bring you coverage of that vote as it occurs. former federal reserve chairman
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allen greenspan next week is my special guest. i'll see you on sunday morning futures on fox news channel. eric trump will be my special guest. thanks for being with me. ob mas. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show, i'll give yocr
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